Company Profile For Markel Corporation

Markel Corporation markets and underwrites specialty insurance products and programs to a range of markets. The Company has three segments of the specialty insurance marketplace: the Excess and Surplus Lines (E and S), the Specialty Admitted and the London markets. The E and S market focuses on hard-to-place risks and loss exposures that generally cannot be written in the standard market. E and S eligibility allows its insurance subsidiaries to underwrite loss exposures with policy forms and unregulated premium rates. The Company also writes business in the Specialty Admitted market. In addition, the Company writes business on both a direct and subscription basis in the London market.

BRIEF: For the nine months ended 30 September 2009, Markel Corporation's revenues decreased 5% to $1.46B. Net income totaled $108M vs. a loss of $26M. Revenues reflect a decrease in earned premiums and lower net investment income. Net income reflects lower losses & loss adjustment expenses, a decrease in underwriting, acquisition & insurance expenses and also lower amortization of intangible assets.