Correction: Markel swings back to Q1 profit, shaking off $64mn in Uri claims
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Correction: Markel swings back to Q1 profit, shaking off $64mn in Uri claims

April 28, 2021
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Markel posted a strong underwriting gain and operating income jumped to $745mn in the first quarter, as the company returned to profitability after recording a $1.8bn loss in the same period last year.

The Richmond-based carrier’s all-in combined ratio improved by 24 points to 94% for the quarter, while the underwriter also lowered its underlying combined ratio 5.3

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