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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING REVENUES        
Earned premiums $ 2,121,745 $ 1,956,830 $ 6,120,592 $ 5,549,704
Net investment income 192,207 112,614 521,235 301,713
Net investment gains (losses) (265,917) (281,483) 591,173 (2,194,525)
Products revenues 601,524 586,531 1,964,332 1,845,111
Services and other revenues 725,627 691,653 1,963,779 1,962,585
Total Operating Revenues 3,375,186 3,066,145 11,161,111 7,464,588 Close
OPERATING EXPENSES        
Losses and loss adjustment expenses 1,404,325 1,185,313 3,765,215 3,216,495
Underwriting, acquisition and insurance expenses 698,129 643,272 2,071,721 1,843,106
Products expenses 545,567 580,830 1,712,792 1,726,367
Services and other expenses 606,810 546,384 1,678,246 1,693,756
Amortization of intangible assets 47,545 [1] 43,418 [2] 136,367 [3] 134,990 [4]
Total Operating Expenses 3,302,376 2,999,217 9,364,341 8,614,714 Close
Operating Income (Loss) 72,810 66,928 1,796,770 (1,150,126) Close
Interest expense (44,553) (47,348) (141,212) (147,090) Close
Net foreign exchange gains (losses) 39,246 113,635 (8,658) 241,706 Close
Total Other Income Expenses -5307.0 0.0 66287.0 0.0 -149870.0 Close
Income (Loss) Before Income Taxes 67,503 133,215 1,646,900 (1,055,510) CloseClose
Income tax (expense) benefit (14,235) (16,460) (339,903) 240,629 Close
Net Income (Loss) 53,268 116,755 1,306,997 (814,881) Close
Net income attributable to noncontrolling interests (10,677) (57,161) (80,243) (93,062)
Net Income (Loss) to Shareholders 42,591 59,594 1,226,754 (907,943)
Preferred stock dividends 0 0 (18,000) (18,000)
Net Income (Loss) to Common Shareholders 42,591 59,594 1,208,754 (925,943)
OTHER COMPREHENSIVE LOSS        
Net holding losses arising during the period (187,330) (424,929) (161,115) (1,308,521)
Reclassification adjustments for net losses included in net income (loss) 22,869 591 26,268 2,289
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes (164,461) (424,338) (134,847) (1,306,232)
Change in discount rate for life and annuity benefits, net of taxes 14,609 25,244 8,781 149,135
Change in foreign currency translation adjustments, net of taxes (187) (8,872) 2,753 (14,395)
Change in net actuarial pension loss, net of taxes 20 303 56 1,808
Total Other Comprehensive Loss (150,019) (407,663) (123,257) (1,169,684)
Comprehensive Income (Loss) (96,751) (290,908) 1,183,740 (1,984,565)
Comprehensive income attributable to noncontrolling interests (10,749) (57,051) (80,326) (92,996)
Comprehensive Income (Loss) to Shareholders $ (107,500) $ (347,959) $ 1,103,414 $ (2,077,561)
NET INCOME (LOSS) PER COMMON SHARE        
Basic $ 3.15 $ 3.09 $ 90.86 $ (72.61)
Diluted $ 3.14 $ 3.08 [5] $ 90.69 $ (72.61) [5]
[1] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $9.1 million for the quarter ended September 30, 2023
[2] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $9.6 million for the quarter ended September 30, 2022
[3] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $28.0 million for the nine months ended September 30, 2023.
[4] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $29.0 million for the nine months ended September 30, 2022.
[5] The impact of 28 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the nine months ended September 30, 2022 because the effect would have been anti-dilutive.