Markel’s combined ratio remains at 98%
“Unfavourable” developments on asbestos and environmental exposures.
Markel Corporation's combined operating ratio (COR) remained at 98% for the first six months of 2014, exactly the same as what it reported last year.
Looking at the quarterly results Q1 saw a COR of 103% and there was a slight reduction for Q2 which came in a 103%.
Markel said that COR had increased in both periods in 2014 compared to 2013, if you exclude the impact of $61.8m on transaction costs and $25.4m of catastrophe losses accounted for last year.
Investment
Alan I Kirshner, chairman and
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