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Products, Services and Other Revenues
9 Months Ended
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,
20232022
(dollars in thousands)Markel VenturesOtherTotalMarkel VenturesOtherTotal
Products$585,707 $ $585,707 $575,277 $— $575,277 
Services597,512 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 customers1,183,219 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)
Other62,379 (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,
20232022
(dollars in thousands)Markel VenturesOtherTotalMarkel VenturesOtherTotal
Products$1,921,773 $ $1,921,773 $1,809,276 $— $1,809,276 
Services1,652,187 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 customers3,573,960 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)
Other160,282 (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.