2023-04-26 16:46:01 ET
- Markel press release ( NYSE: MKL ): Q1 GAAP EPS of $37.26.
- Revenue of $3.64B (+39.5% Y/Y) beats by $220M .
- Earned premiums grew 12% in the first quarter of 2023, reflecting growth in gross premium volume in recent periods across many of our product lines.
- The higher combined ratio for the quarter was primarily due to a higher attritional loss ratio and the impact of less favorable development on prior accident years loss reserves in 2023 compared to 2022.
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Markel GAAP EPS of $37.26, revenue of $3.64B beats by $220M