Markel Q1 net income drops 66%
Markel Corporation said first quarter net income fell to $34m from $99m this time last year, driven by investment losses.
The combined ratio for the first quarter of 2008 was 92% compared to 87% for the first quarter of 2007.
Investment losses fell to $56.3m, down from a gain of $10.1m in the first quarter of 2008.
Alan
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