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Products, Services and Other Revenues | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Products, Services and Other Revenues | Products, Services, and Other Revenues The following tables present revenues from contracts with customers by type, all of which are included in products revenues and services and other revenues in the consolidated statements of income (loss) and comprehensive income (loss), along with a reconciliation to total products revenues and services and other revenues.
| Quarter Ended September 30,
| 2023 |  | 2022
(dollars in thousands) | Markel Ventures |  | Other |  | Total |  | Markel Ventures |  | Other |  | Total
Products | $ | 585,707 |  |  | $ | — |  |  | $ | 585,707 |  |  | $ | 575,277 |  |  | $ | — |  |  | $ | 575,277 |
Services | 597,512 |  |  | 2,904 |  |  | 600,416 |  |  | 594,717 |  |  | 11,529 |  |  | 606,246 |
Investment management | — |  |  | 44,204 |  |  | 44,204 |  |  | — |  |  | 15,641 |  |  | 15,641 |
Total revenues from contracts with customers | 1,183,219 |  |  | 47,108 |  |  | 1,230,327 |  |  | 1,169,994 |  |  | 27,170 |  |  | 1,197,164 |
Program services and other fronting | — |  |  | 39,499 |  |  | 39,499 |  |  | — |  |  | 40,033 |  |  | 40,033 |
Equity method investments income (loss) | (21) |  |  | 4,264 |  |  | 4,243 |  |  | (546) |  |  | (6,555) |  |  | (7,101) |
Other | 62,379 |  |  | (9,297) |  |  | 53,082 |  |  | 46,298 |  |  | 1,790 |  |  | 48,088 |
Total | $ | 1,245,577 |  |  | $ | 81,574 |  |  | $ | 1,327,151 |  |  | $ | 1,215,746 |  |  | $ | 62,438 |  |  | $ | 1,278,184 |
| Nine Months Ended September 30,
| 2023 |  | 2022
(dollars in thousands) | Markel Ventures |  | Other |  | Total |  | Markel Ventures |  | Other |  | Total
Products | $ | 1,921,773 |  |  | $ | — |  |  | $ | 1,921,773 |  |  | $ | 1,809,276 |  |  | $ | — |  |  | $ | 1,809,276 |
Services | 1,652,187 |  |  | 7,542 |  |  | 1,659,729 |  |  | 1,593,946 |  |  | 41,547 |  |  | 1,635,493 |
Investment management | — |  |  | 76,108 |  |  | 76,108 |  |  | — |  |  | 55,197 |  |  | 55,197 |
Total revenues from contracts with customers | 3,573,960 |  |  | 83,650 |  |  | 3,657,610 |  |  | 3,403,222 |  |  | 96,744 |  |  | 3,499,966 |
Program services and other fronting | — |  |  | 105,952 |  |  | 105,952 |  |  | — |  |  | 103,096 |  |  | 103,096 |
Disposition gain | — |  |  | 16,923 |  |  | 16,923 |  |  | — |  |  | 107,293 |  |  | 107,293 |
Equity method investments income (loss) | 1,087 |  |  | (1,485) |  |  | (398) |  |  | 1,537 |  |  | (37,639) |  |  | (36,102) |
Other | 160,282 |  |  | (12,258) |  |  | 148,024 |  |  | 122,670 |  |  | 10,773 |  |  | 133,443 |
Total | $ | 3,735,329 |  |  | $ | 192,782 |  |  | $ | 3,928,111 |  |  | $ | 3,527,429 |  |  | $ | 280,267 |  |  | $ | 3,807,696 |
In February 2022, the Company sold the majority of its controlling interest in its Velocity managing general agent companies, which resulted in a gain of $107.3 million. In June 2023, the Company sold one of its licensed insurance subsidiaries to Velocity, which resulted in a gain of $16.9 million. Both gains were included in services and other revenues. Receivables from contracts with customers were $683.1 million and $624.1 million as of September 30, 2023 and December 31, 2022, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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