Markel Q1 CR up 5.2 points to 94% as carrier reports continued stabilizing of rates

Published: Thu 27 Apr 2023

Markel’s combined ratio increased 5.2 points to 94.0 percent in Q1 2023 including an uptick in its current accident year loss ratio and reduced favourable prior year reserve development, while net premiums written (NPW) increased 2 percent to $2.2bn as rate rises continued to stabilize.