Markel reports Q1 improvements
Markel reported net comprehensive income of $134.5 million for the first quarter of 2010 compared to a comprehensive loss of $2.0 million in the first quarter of 2009.
According to the company, the results reflect improved investment returns partially offset by less favourable underwriting results.
It also announced that the combined ratio for the first quarter of 2010 was 101% (2009 Q1: 95%) and included approximately $17 million of underwriting loss on the Chilean earthquakes that occurred in February of this year.
Alan I. Kirshner, chairman and chief executive officer, commented: "Our results continue to benefit from the rebound of the financial markets
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