Followers | 241 |
Posts | 12141 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Tuesday, May 03, 2016 11:53:45 PM
RICHMOND, Va., May 3, 2016 /PRNewswire/ -- Markel Corporation (NYSE: MKL) reported book value per common share outstanding of $589.86 at March 31, 2016, up 5% from $561.23 at December 31, 2015. Comprehensive income to shareholders was $397.0 million for the first quarter of 2016 compared to $281.8 million for the first quarter of 2015. The combined ratio was 88% for the first quarter of 2016 compared to 83% for the first quarter of 2015. The increase in the combined ratio for the first quarter of 2016 was driven by less favorable development of prior years' loss reserves and a higher expense ratio, partially offset by a lower current accident year loss ratio compared to the first quarter of 2015. Diluted net income per share was $11.15 for the quarter ended March 31, 2016 compared to $13.49 for the first quarter of 2015.
Alan I. Kirshner, Executive Chairman, commented, "2016 is off to a strong start with solid contributions from our underwriting, investing and Markel Ventures operations. Our growth in book value per share for the quarter reflects significant returns from our investment portfolio and our long-term focus on underwriting discipline. We are well-positioned to continue to build shareholder value and to take advantage of profitable growth opportunities as they arise."
The Company also announced today it has filed its Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission. A copy of the Form 10-Q is available on the Company's website at www.markelcorp.com or on the SEC website at www.sec.gov. Readers are urged to review the Form 10-Q for a more complete discussion of the Company's financial performance. The Company's quarterly conference call, which will involve discussion of the Company's financial results and business developments and may include forward-looking information, will be held Wednesday, May 4, 2016, beginning at 9:30 a.m. (Eastern Time). Any person interested in listening to the call should contact Markel's Investor Relations Department at 804-747-0136. Investors, analysts and the general public also may listen to the call free over the Internet through the Company's website, www.markelcorp.com. A replay of the call also will be available from approximately one hour after the conclusion of the call until Monday, May 16, 2016.
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markelcorp.com.
http://www.prnewswire.com/news-releases/markel-reports-first-quarter-2016-results-300262195.html#continue-jump
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent MKL News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:33:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:31:25 PM
- Markel launches FintechRisk+ to offer enhanced cyber coverage and support services for fintechs • PR Newswire (US) • 09/10/2024 09:32:00 AM
- Markel launches FintechRisk+ to offer enhanced cyber coverage and support services for fintechs • PR Newswire (Canada) • 09/10/2024 09:30:00 AM
- Markel launches FintechRisk+ to offer enhanced cyber coverage and support services for fintechs • PR Newswire (US) • 09/10/2024 09:30:00 AM
- Jamie Mullarkey named Markel's Global Executive Underwriting Officer for Property and First Party Lines • PR Newswire (US) • 09/04/2024 08:30:00 PM
- Jamie Mullarkey named Markel's Global Executive Underwriting Officer for Property and First Party Lines • PR Newswire (Canada) • 09/04/2024 08:30:00 PM
- Jamie Mullarkey named Markel's Global Executive Underwriting Officer for Property and First Party Lines • PR Newswire (US) • 09/04/2024 08:30:00 PM
- Markel appoints Rhys O'Neill as Senior Underwriter, Marine & Energy Liability in International Specialty • PR Newswire (US) • 09/03/2024 09:30:00 AM
- Markel appoints Rhys O'Neill as Senior Underwriter, Marine & Energy Liability in International Specialty • PR Newswire (US) • 09/03/2024 09:30:00 AM
- Markel appoints Rhys O'Neill as Senior Underwriter, Marine & Energy Liability in International Specialty • PR Newswire (Canada) • 09/03/2024 09:30:00 AM
- SageSure Collaborates with Markel to Introduce New Capacity to Expanded Markets Program • Business Wire • 08/27/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:44:14 PM
- Markel appoints Grant Smith to lead its Marine & Energy Liability team in International Specialty • PR Newswire (Canada) • 08/15/2024 07:00:00 AM
- Markel appoints Grant Smith to lead its Marine & Energy Liability team in International Specialty • PR Newswire (US) • 08/15/2024 07:00:00 AM
- Markel appoints Grant Smith to lead its Marine & Energy Liability team in International Specialty • PR Newswire (US) • 08/15/2024 07:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:33:01 PM
- Markel boosts International Casualty team with key appointments • PR Newswire (US) • 08/06/2024 09:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:36:58 PM
- Markel enhances Singapore and Hong Kong presence with strategic hires • PR Newswire (Canada) • 08/05/2024 01:00:00 AM
- Markel enhances Singapore and Hong Kong presence with strategic hires • PR Newswire (US) • 08/05/2024 01:00:00 AM
- Markel enhances Singapore and Hong Kong presence with strategic hires • PR Newswire (US) • 08/05/2024 01:00:00 AM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 08/02/2024 08:48:33 PM
- Markel Group reports 2024 second quarter and six-months results • PR Newswire (US) • 07/31/2024 10:04:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 07/31/2024 08:37:52 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM