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Strong result from Markel.
(From InsuranceNewslink.com)
Markel Corporation has reported net income of USD7.67 per diluted share for the quarter ended March 31, 2006 compared to net income of USD7.47 per diluted share for the same period of 2005. Gross premium volume for the first quarter of 2006 increased 12% compared to the same period of 2005. The combined ratio for the quarter was 94%, including 9 points of development on 2005 hurricane losses, compared to 90% for the same period of 2005.
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