Markel doubles Q1 underwriting income and reveals $35mn net Russia-Ukraine exposure

Markel Q1 earnings

Markel Corporation closed out 2022’s first quarter with underwriting income that more than doubled to $197.0mn while its combined ratio improved by over five points year on year to 88.8 percent as lower catastrophe losses helped offset $35.0mn of net losses and loss adjustment expenses related to the Russia-Ukraine conflict.

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