Markel Q1 results reveal âstrong, profitable growthâ
30-04-2021
20-04-2021
Markel’s Q1 results for 2021 reveal that it has turned around the loss it made in the same period of 2020.
The company reported comprehensive income of $359 million for the first quarter of 2021, as compared to a $1.35 billion loss in Q1 2020.
Its combined ratio for the quarter was 94 percent, down from 118 percent in Q1 2020. Net losses and loss adjustment expenses from Winter Storm Uri contributed four points to its Q1 2021 total, while the impact of COVID-19 contributed another point.
Earned premiums increased to $1.5 billion in Q1 2021 from $1.33 billion the previous year.