GLEN ALLEN, Va. (AP) _ Markel Corp. (MKL) on Tuesday reported third-quarter net income of $452.7 million.

The Glen Allen, Virginia-based company said it had profit of $31.03 per share. Earnings, adjusted for investment gains, came to $4.41 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The insurer posted revenue of $2.91 billion in the period. Its adjusted revenue was $2.37 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.19 billion.

Markel shares have decreased 15% since the beginning of the year. The stock has dropped 13% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MKL at https://www.zacks.com/ap/MKL

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