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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 1,049,182 $ 537,799
Adjustments to reconcile net income to net cash provided by operating activities (418,528) (253,618)
Net Cash Provided By Operating Activities 630,654 284,181 Close
INVESTING ACTIVITIES    
Proceeds from sales, maturities, calls and prepayments of fixed maturity securities 546,793 592,004
Cost of fixed maturity securities purchased (880,028) (806,704)
Proceeds from sales of equity securities 40,101 64,030
Cost of equity securities purchased (126,303) (129,163)
Net change in short-term investments (21,378) 210,177
Additions to property and equipment (71,953) (37,179)
Acquisitions, net of cash acquired 48,980 0
Other (2,419) (1,696)
Net Cash Used By Investing Activities (564,167) (108,531) Close
FINANCING ACTIVITIES    
Additions to senior long-term debt and other debt 272,449 161,151
Repayment of senior long-term debt and other debt (209,415) (369,227)
Repurchases of common stock (160,882) (81,964)
Redemption of Markel CATCo Re noncontrolling interests 0 (88,997)
Purchase of noncontrolling interests 0 (21,665)
Other (4,887) (11,452)
Net Cash Used By Financing Activities (102,735) (412,154) Close
Effect of foreign currency rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (19,046) 19,844 Close
Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (55,294) (216,660) Close
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 4,332,034 5,221,513
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD $ 4,276,740 $ 5,004,853