Markel Group has announced a significant rise in its fiscal year 2024 (FY 2024) results, with net income surging 35.5% year-on-year to $2.8 billion.
The company’s total operating revenues also saw a notable increase, rising 5.2% from the previous year to $16.6 billion. Meanwhile, Markel’s total expenses for FY 2024 experienced a slight uptick of 0.3%, reaching $12.9 billion.
Basic earnings per share (EPS) for the period stood at $199.32, reflecting a 35.6% year-on-year improvement.
Commenting on the results, Tom Gayner, CEO of Markel Group, said, “In 2024, we exceeded our target with strong returns from our public equity portfolio, continued growth in Ventures, and notable performance in many areas of our insurance business, all whilst staying true to our values and striving for excellence.”
Related topics
