Markel Group 2023 net income $146.98/diluted share; underwriting profit down 79% to $132.7M

MARKEL GROUP INC.

2023-FY EPS reported $146.98 revenue$15,803,630,000

Diluted EPS $146.98 vs ($23.72); comprehensive income $2.29B vs ($1.21B) loss in 2022.
Earned premiums +9% to $8.30B; combined ratio 98% vs 92% due to higher attritional loss ratio.
Net investment income +64% to $734.5M on higher yields; equity portfolio net gains $1.52B.
Markel Ventures operating income +35% on higher margins; operating revenues $4.99B.
Five-year book value per share CAGR 11%; share price CAGR 6%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARKEL GROUP INC. reported the year ended December 31, 2023 results: revenue $ 8,295,479, EPS Diluted net income (loss) per common share $ 146.98.

Period: the year ended December 31, 2023
Revenue: $ 8,295,479
EPS: Diluted net income (loss) per common share $ 146.98
Result: reported results

Exact text from the filing

value of our equity portfolio included cumulative unrealized gains of $6.1 billion. Years Ended December 31, (in thousands, except per share amounts) 2023 2022 Earned premiums $ 8,295,479 $ 7,587,792 Markel Ventures operating revenues $ 4,985,081 $ 4,757,527 Net investment income $ 734,532 $ 446,755 Net investment gains (losses) $ 1,524,054 $ (1,595,733)

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

MARKEL GROUP INC. filing history →

Source: SEC EDGAR

accession 0001096343-24-000005

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