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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES        
Earned premiums $ 1,360,174 $ 1,199,461 $ 2,690,883 $ 2,403,438
Net investment income 95,615 111,831 183,858 226,013
Net realized investment gains (losses) (2,812) (67) 6,926 614
Change in fair value of equity securities 914,055 425,720 (777,124) 1,037,230
Net investment gains (losses) 911,243 425,653 (770,198) 1,037,844
Products revenues 423,581 501,676 775,742 850,470
Services and other revenues 341,402 200,495 587,396 393,839
Total Operating Revenues 3,132,015 2,439,116 3,467,681 4,911,604
OPERATING EXPENSES        
Losses and loss adjustment expenses 713,216 678,120 1,789,564 1,365,866
Underwriting, acquisition and insurance expenses 489,362 462,316 984,525 917,528
Products expenses 364,483 425,138 678,554 744,564
Services and other expenses 284,940 170,796 502,496 345,402
Amortization of intangible assets 37,754 [1] 36,300 [2] 75,612 [3] 76,968 [4]
Total Operating Expenses 1,889,755 1,772,670 4,030,751 3,450,328
Operating Income (Loss) 1,242,260 666,446 (563,070) 1,461,276
Interest expense (45,427) (41,267) (90,457) (81,557)
Net foreign exchange gains (losses) (21,460) 25,015 56,841 3,151
Income (Loss) Before Income Taxes 1,175,373 650,194 (596,686) 1,382,870
Income tax (expense) benefit (243,702) (143,711) 126,981 (298,874)
Net Income (Loss) 931,671 506,483 (469,705) 1,083,996
Net income attributable to noncontrolling interests (9,903) (9,185) (14,290) (10,271)
Net Income (Loss) to Shareholders 921,768 497,298 (483,995) 1,073,725
Preferred stock dividends 0 0 0 0
Net Income (Loss) to Common Stockholders 921,768 497,298 (483,995) 1,073,725
OTHER COMPREHENSIVE INCOME        
Net holding gains arising during the period 172,661 128,467 237,038 280,798
Reclassification adjustments for net gains (losses) included in net income (loss) (1,385) 803 (198) 557
Change in net unrealized gains on available-for-sale investments, net of taxes 171,276 129,270 236,840 281,355
Change in foreign currency translation adjustments, net of taxes (1,405) (3,749) (14,139) (1,372)
Change in net actuarial pension loss, net of taxes 884 515 884 1,876
Total Other Comprehensive Income 170,755 126,036 223,585 281,859
Comprehensive Income (Loss) 1,102,426 632,519 (246,120) 1,365,855
Comprehensive income attributable to noncontrolling interests (10,033) (9,189) (14,296) (10,280)
Comprehensive Income (Loss) to Shareholders $ 1,092,393 $ 623,330 $ (260,416) $ 1,355,575
NET INCOME (LOSS) PER COMMON SHARE        
Basic (in dollars per share) $ 65.81 $ 36.10 $ (34.83) $ 78.91
Diluted (in dollars per share) $ 65.75 $ 36.07 $ (34.83) $ 78.85
[1] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[2] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[3] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.
[4] Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to the Company's Insurance and Reinsurance segments.