Markel International COR rises to 126%
Insurer Markel has reported the 2005 hurricanes impacted its combined ratio to the tune of 12%. Net income was $14.80 (£8.40) per diluted share for the year ended 31 December 2005 compared to $16.41 per diluted share in 2004.
The 2005 combined ratio included $246.3m of estimated losses, representing 12 points on the combined ratio, related to Hurricane Katrina, Rita and Wilma.
The 2004 combined ratio included $79.8 million
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