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Markel reports strong underwriting profits

Markel Corporation has reported net income of $1.40 per diluted share for the quarter ended September 30, 2004 compared to a net loss of $1.68 per diluted share for the same period of 2003.

Net income for the nine months ended September 30, 2004 was $11.68 per diluted share compared to $7.99 per diluted share in 2003. The combined ratio for the third quarter of 2004 was 106% compared to

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