XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 1,339,032 $ 1,253,729
Adjustments to reconcile net income to net cash provided by operating activities (129,753) (245,108)
Net Cash Provided By Operating Activities 1,209,279 1,008,621
INVESTING ACTIVITIES    
Proceeds from sales, maturities, calls and prepayments of fixed maturity securities 1,184,109 993,834
Cost of fixed maturity securities purchased (1,969,203) (1,771,986)
Proceeds from sales of equity securities 64,905 138,702
Cost of equity securities purchased (288,247) (293,322)
Net change in short-term investments (161,306) 675,339
Cost of other investments purchased (66,207) (83,490)
Additions to property and equipment (129,148) (79,443)
Acquisitions, net of cash acquired 207,231 0
Proceeds from sales of subsidiaries, net 0 (41,302)
Other 14,039 5,503
Net Cash Used By Investing Activities (1,558,289) (373,561)
FINANCING ACTIVITIES    
Additions to senior long-term debt and other debt 1,101,516 356,085
Repayment of senior long-term debt and other debt (493,786) (646,264)
Repurchases of common stock (260,192) (187,161)
Dividends paid on preferred stock (18,000) (18,000)
Redemption of Markel CATCo Re noncontrolling interests 0 (88,997)
Purchase of noncontrolling interests (46,492) (21,665)
Other (27,851) (23,879)
Net Cash Provided (Used) By Financing Activities 255,195 (629,881)
Effect of foreign currency rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (22,217) 14,237
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (116,032) 19,416
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 4,332,034 5,221,513
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD $ 4,216,002 $ 5,240,929