GEICO: 94% (avg in 2012 and 2013)
Markel: 97.6% (avg between 2010 to 2014)
The combined ratio of a P&C company I am interested in is 87% in 2014. Amazing!!!! Even though, the number is achieved in UK, not US. But with their complete focus on insurance business and light-asset model, they shall be able to replicate the same excellent result in US. Now, I become more confident about its expansion in US market.
Here are some articles about Markel/Berkshire/Alleghany shared by Brooklyn Investor
http://brooklyninvestor.blogspot.tw/2015/03/markel-2014-annual-report.html
http://brooklyninvestor.blogspot.tw/2015/03/alleghany-annual-report-2014.html
http://brooklyninvestor.blogspot.tw/2015/03/berkshire-hathaway-annual-report-2014.html
There are some respectful competitors in North America, such as FairFax and Alleghany.
2015.3.28
Just read annual report of FairFax.
The aggregate combined ratio is 90.8%.
Detail information is listed below(Company name, combined ratio, profit)
Northbridge 95.5% 43
Crum & Forster 99.8% 2
Zenith 87.5% 90
OdysseyRe 84.7% 360
Fairfax Asia 86.7% 36
Other Insurance and Reinsurance 94.7% 21
Consolidated 90.8% 552
2015.4.2
RSUI to Alleghany is pretty much like Geico to Buffett: The average combined ratio for RSUI for the past 10 years has been incredible 82%.
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