NYSE$MKL
Markel Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Markel Group reported strong returns from Markel Ventures and investment operations, but faced challenges in the insurance business.
Markel Group reported its financial results for the year ended December 31, 2023, with CEO Thomas S. Gayner highlighting excellent returns from Markel Ventures, investment operations, and parts of the insurance business. The company remains focused on improving areas within its insurance operations. Strong operating cash flows were noted across insurance, investments, and Markel Ventures.
- Earned premiums grew by 9% in 2023, driven by increased gross premium volume.
- The combined ratio increased in 2023 due to a higher attritional loss ratio.
- Operating income from Markel Ventures increased by 35%, primarily due to higher operating margins in the products businesses.
- Net investment income increased by 64% due to higher yields and increased allocation to money market funds.
Headline financials
Revenue & EPS history
Markel · Revenue · Quarterly
$4.64B
Forward guidance
The conference call will be held on February 1, 2024, to discuss financial results and business developments. The shareholders meeting will be on May 22, 2024, as part of the 2024 Reunion event.
Tailwinds
- Discussion of financial results
- Business developments updates
- Investment updates
- Shareholders meeting
- Open to shareholders, employees, and friends of Markel Group
Headwinds
- May include forward-looking information
- Risks and uncertainties may cause actual results to differ
- Cyclical trends or changes in market conditions
- Actions by competitors
- Frequency and severity of catastrophes
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.3%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.3%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+10.7%
Q4 2024
Best reaction
-11.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +0.3% | +3.2% | |
| Q4 2025 | +2.0% | +2.4% | -3.5% | |
| Q3 2025 | +6.4% | +8.5% | +13.9% | |
| Q1 2025 | +0.3% | +3.1% | +6.8% | |
| Q4 2024 | +10.7% | +4.6% | +1.8% | |
| Q3 2024 | -1.4% | -0.9% | +14.0% | |
| Q2 2024 | -4.8% | -8.1% | -2.7% | |
| Q1 2024 | +8.1% | +9.2% | +12.6% | |
| Q4 2023 | -7.0% | -5.5% | -0.5% | |
| Q3 2023 | -11.5% | -9.2% | -3.1% | |
| Q2 2023 | +2.8% | +4.4% | +3.8% | |
| Q1 2023 | +0.4% | +4.3% | +0.8% | |
| Q4 2022 | -7.5% | -3.9% | -4.6% | |
| Q3 2022 | +0.1% | +0.4% | +11.5% | |
| Q2 2022 | -4.9% | -8.5% | -6.2% | |
| Q1 2022 | -3.5% | -6.8% | -5.1% | |
| Q4 2021 | -0.2% | +0.0% | -0.3% | |
| Q3 2021 | -0.4% | -0.3% | -7.1% | |
| Q2 2021 | +0.3% | +4.2% | +4.9% | |
| Q1 2021 | -1.2% | +0.2% | +3.1% | |
| Q4 2020 | +5.9% | +11.1% | +11.1% | |
| Q3 2020 | -6.0% | -6.3% | +1.1% | |
| Q2 2020 | -0.3% | +2.9% | +9.5% | |
| Q1 2020 | +1.1% | -7.4% | +3.3% | |
| Q4 2019 | +6.9% | +10.7% | +4.3% | |
| Q3 2019 | +4.7% | +4.6% | +1.5% | |
| Q2 2019 | -0.1% | +0.4% | +2.4% | |
| Q1 2019 | +0.4% | +0.4% | -0.2% | |
| Q4 2018 | -4.5% | -4.5% | -9.9% | |
| Q3 2018 | +7.2% | +5.9% | +9.4% | |
| Q2 2018 | +4.6% | +2.4% | +4.1% | |
| Q1 2018 | -2.4% | -1.6% | -2.0% | |
| Q4 2017 | +1.5% | -0.2% | +4.5% | |
| Q3 2017 | +2.5% | +3.1% | +1.2% | |
| Q2 2017 | +0.6% | +4.3% | +2.7% | |
| Q1 2017 | +0.4% | -0.6% | -1.3% | |
| Q4 2016 | +2.3% | +3.0% | +5.8% | |
| Q3 2016 | -3.6% | -2.7% | +1.4% | |
| Q2 2016 | -3.1% | -2.1% | -2.3% | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | -1.8% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +4.0% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +1.4% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q1 2009 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q3 2009 | -2.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q2 2009 | -0.2% | — | — |
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