Markel reports falling profit and rising revenue for 2017
Provider’s COR worsens to 105%.
Markel Corporation has posted a fall in profit to $395.3m (£283.7m) for 2017, down 13% on the $455.7m achieved in 2017.
The US-headquartered insurer revealed that gross written premiums (GWP) for the year rose 15% to $5.51bn (2016: $4.8bn).
The combined operating ratio (COR) deteriorated to 105% from 92% in the previous 12 months.
International
It did not provide a breakdown for UK figures, however the international insurance segment had a COR of 104% (2016: 94%).
The firm highlighted that
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Brokers push for more from RSA/NIG
- Aviva’s David Martin on the art of the possible