XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.24.2

Products, Services and Other Revenues | 6 Months Ended
--- | ---
Jun. 30, 2024
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, along with a reconciliation to total products revenues and services and other revenues.
| Quarter Ended June 30,
| 2024 |  | 2023
(dollars in thousands) | Markel Ventures |  | Other |  | Total |  | Markel Ventures |  | Other |  | Total
Products | $ | 840,636 |  |  | $ | — |  |  | $ | 840,636 |  |  | $ | 770,171 |  |  | $ | — |  |  | $ | 770,171 |
Services | 570,319 |  |  | 2,415 |  |  | 572,734 |  |  | 569,399 |  |  | 1,784 |  |  | 571,183 |
Investment management | — |  |  | 22,546 |  |  | 22,546 |  |  | — |  |  | 21,445 |  |  | 21,445 |
Total revenues from contracts with customers | 1,410,955 |  |  | 24,961 |  |  | 1,435,916 |  |  | 1,339,570 |  |  | 23,229 |  |  | 1,362,799 |
Leasing revenues | 37,035 |  |  | — |  |  | 37,035 |  |  | 37,305 |  |  | — |  |  | 37,305 |
Program services and other fronting | — |  |  | 46,218 |  |  | 46,218 |  |  | — |  |  | 37,563 |  |  | 37,563 |
Equity method and other investments income (loss) | 1,407 |  |  | 9,357 |  |  | 10,764 |  |  | (387) |  |  | (6,378) |  |  | (6,765) |
Disposition gain | — |  |  | — |  |  | — |  |  | — |  |  | 16,923 |  |  | 16,923 |
Other | 1,777 |  |  | (10) |  |  | 1,767 |  |  | 9,325 |  |  | 23 |  |  | 9,348 |
Total | $ | 1,451,174 |  |  | $ | 80,526 |  |  | $ | 1,531,700 |  |  | $ | 1,385,813 |  |  | $ | 71,360 |  |  | $ | 1,457,173 |
| Six Months Ended June 30,
| 2024 |  | 2023
(dollars in thousands) | Markel Ventures |  | Other |  | Total |  | Markel Ventures |  | Other |  | Total
Products | $ | 1,435,228 |  |  | $ | — |  |  | $ | 1,435,228 |  |  | $ | 1,336,066 |  |  | $ | — |  |  | $ | 1,336,066 |
Services | 1,068,609 |  |  | 4,548 |  |  | 1,073,157 |  |  | 1,055,880 |  |  | 4,638 |  |  | 1,060,518 |
Investment management | — |  |  | 42,482 |  |  | 42,482 |  |  | — |  |  | 31,904 |  |  | 31,904 |
Total revenues from contracts with customers | 2,503,837 |  |  | 47,030 |  |  | 2,550,867 |  |  | 2,391,946 |  |  | 36,542 |  |  | 2,428,488 |
Leasing revenues | 77,788 |  |  | — |  |  | 77,788 |  |  | 79,057 |  |  | — |  |  | 79,057 |
Program services and other fronting fees | — |  |  | 82,248 |  |  | 82,248 |  |  | — |  |  | 66,453 |  |  | 66,453 |
Equity method and other investments income (loss) | 6,586 |  |  | 30,203 |  |  | 36,789 |  |  | 1,108 |  |  | (8,758) |  |  | (7,650) |
Disposition gain | — |  |  | — |  |  | — |  |  | — |  |  | 16,923 |  |  | 16,923 |
Other | 2,504 |  |  | (18) |  |  | 2,486 |  |  | 17,641 |  |  | 48 |  |  | 17,689 |
Total | $ | 2,590,715 |  |  | $ | 159,463 |  |  | $ | 2,750,178 |  |  | $ | 2,489,752 |  |  | $ | 111,208 |  |  | $ | 2,600,960 |
In June 2023, the Company sold one of its licensed insurance subsidiaries, which resulted in a gain of $16.9 million. The gain was included in services and other revenues. Receivables from contracts with customers were $750.0 million and $616.4 million as of June 30, 2024 and December 31, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration