Markel Full Year 2022 Earnings: Beats Expectations
Markel (NYSE:MKL) Full Year 2022 Results
Key Financial Results
Revenue: US$11.7b (down 9.1% from FY 2021).
Net loss: US$320.0m (down by 113% from US$2.44b profit in FY 2021).
US$23.57 loss per share (down from US$177 profit in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Markel Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 57%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 4.4% from a week ago.
You still need to take note of risks, for example - Markel has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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