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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING REVENUES      
Earned premiums $ 8,295,479 $ 7,587,792 $ 6,503,029
Net investment income 734,532 446,755 367,417
Net investment gains (losses) 1,524,054 (1,595,733) 1,978,534
Products revenues 2,545,053 2,427,096 1,712,120
Services and other revenues 2,704,512 2,809,425 2,285,325
Total operating revenues 15,803,630 11,675,335 12,846,425 Close
OPERATING EXPENSES      
Losses and loss adjustment expenses 5,322,009 4,445,589 3,581,205
Underwriting, acquisition and insurance expenses 2,840,734 2,515,583 2,293,739
Products expenses 2,220,676 2,241,736 1,544,506
Services and other expenses 2,310,769 2,306,985 2,024,931
Amortization of intangible assets 180,614 [1] 178,778 [2] 160,539 [3]
Impairment of goodwill 0 80,000 0
Total Operating Expenses 12,874,802 11,768,671 9,604,920 Close
Operating Income (Loss) 2,928,828 (93,336) 3,241,505 Close
Interest expense (185,077) (196,062) (183,579) Close
Net foreign exchange gains (losses) (90,045) 137,832 71,902 Close
Total Other Income Expenses -275122.0 0.0 -58230.0 0.0 -111677.0 Close
Income (Loss) Before Income Taxes 2,653,706 (151,566) 3,129,828 CloseClose
Income tax (expense) benefit (552,616) 48,209 (683,961) Close
Net Income (Loss) 2,101,090 (103,357) 2,445,867 Close
Net income attributable to noncontrolling interests (105,030) (112,920) (22,732)
Net Income (Loss) to Shareholders 1,996,060 (216,277) 2,423,135
Preferred stock dividends (36,000) (36,000) (36,000)
Net Income (Loss) to Common Shareholders 1,960,060 (252,277) 2,387,135
OTHER COMPREHENSIVE INCOME (LOSS)      
Net holding gains (losses) arising during the period 278,363 (1,199,736) (398,076)
Reclassification adjustments for net gains (losses) included in net income (loss) 28,540 44,906 (6,623)
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes 306,903 (1,154,830) (404,699)
Change in discount rate for life and annuity benefits, net of taxes (22,343) 149,874 49,411
Change in foreign currency translation adjustments, net of taxes 4,704 (9,259) (213)
Change in net actuarial pension loss, net of taxes 74 24,730 8,390
Total Other Comprehensive Income (Loss) 289,338 (989,485) (347,111)
Comprehensive Income (Loss) 2,390,428 (1,092,842) 2,098,756
Comprehensive income attributable to noncontrolling interests (105,084) (112,937) (22,730)
Comprehensive Income (Loss) to Shareholders $ 2,285,344 $ (1,205,779) $ 2,076,026
NET INCOME (LOSS) PER COMMON SHARE      
Basic (dollars per share) $ 147.32 $ (23.72) $ 176.79
Diluted (dollars per share) $ 146.98 [4],[5] $ (23.72) $ 176.38
[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 $37.1 million for the year ended December 31, 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 $38.5 million for the year ended December 31, 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 $41.2 million for the year ended December 31, 2021.
[4] The impact of 33 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the year ended December 31, 2022 because the effect would have been anti-dilutive.
[5]     The Company has issued grants and awards of restricted stock units to employees as performance, retention or hiring incentives, as well as awards of restricted stock to non-employee directors, under its equity incentive compensation plan. At December 31, 2023, there were 86,144 shares available for future awards under the Company's equity incentive compensation plan.