Markel reports 14% profit increase
Insurer's COR at 95% and reports encouraging growth in UK retail operations.
Markel has reported a profit of $321,182 (£210,896) for 2014, compared with $281,021 in the previous year, which is an increase of 14%.
Its combined operating ratio (COR) was 95% for the whole company, in comparison with 97% in 2013, and its gross written premium (GWP) increased by 23% to $4,805,513.
Its international division of the business, which includes the UK, had a GWP of $1,200,403 in 2014, compared with $1,101,099 in the year before, an increase of 9%.
The COR was 93% in 2014 and 94% in
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