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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES        
Earned premiums $ 2,031,143 $ 1,833,104 $ 3,998,847 $ 3,592,874
Net investment income 169,693 96,795 329,028 189,099
Net investment gains (losses) 484,527 (1,554,643) 857,090 (1,913,042)
Products revenues 784,882 776,959 1,362,808 1,258,580
Services and other revenues 672,291 639,992 1,238,152 1,270,932
Total Operating Revenues 4,142,536 1,792,207 7,785,925 4,398,443
OPERATING EXPENSES        
Losses and loss adjustment expenses 1,187,876 1,058,810 2,360,890 2,031,182
Underwriting, acquisition and insurance expenses 697,887 609,469 1,373,592 1,199,834
Products expenses 651,469 697,718 1,167,225 1,145,537
Services and other expenses 590,817 557,481 1,071,436 1,147,372
Amortization of intangible assets 44,423 [1] 45,523 [2] 88,822 [3] 91,572 [4]
Total Operating Expenses 3,172,472 2,969,001 6,061,965 5,615,497
Operating Income (Loss) 970,064 (1,176,794) 1,723,960 (1,217,054)
Interest expense (47,221) (50,050) (96,659) (99,742)
Net foreign exchange gains (losses) (14,976) 105,067 (47,904) 128,071
Income (Loss) Before Income Taxes 907,867 (1,121,777) 1,579,397 (1,188,725)
Income tax (expense) benefit (191,937) 238,953 (325,668) 257,089
Net Income (Loss) 715,930 (882,824) 1,253,729 (931,636)
Net income attributable to noncontrolling interests (20,419) (32,972) (69,566) (35,901)
Net Income (Loss) to Shareholders 695,511 (915,796) 1,184,163 (967,537)
Preferred stock dividends (18,000) (18,000) (18,000) (18,000)
Net Income (Loss) to Common Shareholders 677,511 (933,796) 1,166,163 (985,537)
OTHER COMPREHENSIVE INCOME (LOSS)        
Net holding gains (losses) arising during the period (134,991) (362,392) 26,215 (883,592)
Reclassification adjustments for net losses included in net income (loss) 405 1,261 3,399 1,698
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes (134,586) (361,131) 29,614 (881,894)
Change in discount rate for life and annuity benefits, net of taxes 3,224 63,198 (5,828) 123,891
Change in foreign currency translation adjustments, net of taxes 361 (4,275) 2,940 (5,523)
Change in net actuarial pension loss, net of taxes 18 373 36 1,505
Total Other Comprehensive Income (Loss) (130,983) (301,835) 26,762 (762,021)
Comprehensive Income (Loss) 584,947 (1,184,659) 1,280,491 (1,693,657)
Comprehensive income attributable to noncontrolling interests (20,398) (33,029) (69,577) (35,945)
Comprehensive Income (Loss) to Shareholders $ 564,549 $ (1,217,688) $ 1,210,914 $ (1,729,602)
NET INCOME (LOSS) PER COMMON SHARE        
Basic $ 50.20 $ (69.15) $ 87.50 $ (75.56)
Diluted $ 50.09 $ (69.15) [5] $ 87.34 $ (75.56) [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 $9.3 million for the quarter ended June 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 June 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 $18.8 million for the six months ended June 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 $19.4 million for the six months ended June 30, 2022.
[5] The impact of 31 thousand and 29 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the quarter and six months ended June 30, 2022, respectively, because the effect would have been anti-dilutive.