Markel posts Q3 CoR of 93.4%, grows GWP 19.5% to $2.5bn
Markel’s combined ratio edged up by 0.3 points to 93.4% in the third quarter, driven by less favorable prior-year developments and a higher attritional loss ratio, offset by declines in the expense ratio for the third straight quarter.
Gross written premiums for the specialty carrier were up 19.5% to nearly $2.5bn compared to the prior-year quarter. Almost all the growth was attributable to the insurance segment, which was up 21% over the same period last year to...
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