Markel Corp. (MKL) Tops Q1 EPS Views
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Markel Reports First Quarter 2015 Results
May 6, 2015 4:46 PM EDTRICHMOND, Va., May 6, 2015 /PRNewswire/ --Â Markel Corporation (NYSE MKL) reported book value per common share outstanding of $564.29 at March 31, 2015, up 4% from $543.96 at December 31, 2014. Comprehensive income to shareholders was $281.8 million for the quarter ended March 31, 2015 compared to $230.3 million for the first quarter of 2014. The combined ratio was 83% for the first quarter of 2015 compared to 95% for the first quarter of 2014. The improvement in the combined ratio for the first quarter of 2015 was driven by more favorable development of prior years' loss reserves, as well as a lower current accident year loss ratio and a lower expense ratio... More
