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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Fixed maturity securities, available-for-sale (amortized cost of $14,932,286 in 2023 and $12,805,887 in 2022) $ 14,372,732 $ 11,856,835
Equity securities (cost of $3,497,071 in 2023 and $3,100,040 in 2022) 9,577,871 7,671,912
Short-term investments, available-for-sale (estimated fair value approximates cost) 2,571,382 2,669,262
Total Investments 26,521,985 22,198,009
Cash and cash equivalents 3,747,060 4,137,432
Restricted cash and cash equivalents 584,974 1,084,081
Receivables 3,455,306 2,961,056
Reinsurance recoverables 9,235,501 8,446,745
Deferred policy acquisition costs 931,344 925,483
Prepaid reinsurance premiums 2,365,243 2,066,114
Goodwill [1] 2,624,749 2,638,838
Intangible assets 1,588,684 1,747,464
Other assets 3,990,864 3,586,037
Total Assets 55,045,710 49,791,259 Close
LIABILITIES AND EQUITY    
Unpaid losses and loss adjustment expenses 23,483,321 20,947,898
Life and annuity benefits 649,054 650,721
Unearned premiums 6,642,426 6,220,748
Payables to insurance and reinsurance companies 1,037,722 669,742
Senior long-term debt and other debt (estimated fair value of $3,353,000 in 2023 and $3,541,000 in 2022) 3,779,796 4,103,629
Other liabilities 3,927,498 3,461,482
Total Liabilities 39,519,817 36,054,220 Close
Redeemable noncontrolling interests 469,685 523,154 Close
Commitments and contingencies
Shareholders' equity:    
Preferred stock 591,891 591,891
Common stock 3,517,146 3,493,893
Retained earnings 11,353,101 9,832,804
Accumulated other comprehensive loss (478,210) (767,494)
Total Shareholders' Equity 14,983,928 13,151,094
Noncontrolling interests 72,280 62,791
Total Equity 15,056,208 13,213,885 Close
Total Liabilities and Equity $ 55,045,710 $ 49,791,259
[1] As of December 31, 2023 and 2022, goodwill was net of accumulated impairment losses of $190.6 million, of which $171.9 million was in Other and $18.7 million was in Markel Ventures.