XML 27 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Fixed maturity securities, available-for-sale (amortized cost of $16,457,723 in 2024 and $14,932,286 in 2023) $ 15,745,539 $ 14,372,732
Equity securities (cost of $3,887,820 in 2024 and $3,497,071 in 2023) 11,784,521 9,577,871
Short-term investments, available-for-sale (estimated fair value approximates cost) 2,524,910 2,571,382
Total Investments 30,054,970 26,521,985
Cash and cash equivalents 3,692,667 3,747,060
Restricted cash and cash equivalents 499,581 584,974
Receivables 3,626,799 3,455,306
Reinsurance recoverables 11,604,844 9,235,501
Deferred policy acquisition costs 875,710 931,344
Prepaid reinsurance premiums 2,947,213 2,365,243
Goodwill [1] 2,735,867 2,624,749
Intangible assets 1,459,620 1,588,684
Other assets 4,400,711 3,990,864
Total Assets 61,897,982 55,045,710
LIABILITIES AND EQUITY    
Unpaid losses and loss adjustment expenses 26,633,094 23,483,321
Life and annuity benefits 583,273 649,054
Unearned premiums 7,063,956 6,642,426
Payables to insurance and reinsurance companies 1,434,901 1,037,722
Senior long-term debt and other debt (estimated fair value of $3,791,000 in 2024 and $3,353,000 in 2023) 4,330,341 3,779,796
Other liabilities 4,383,444 3,927,498
Total Liabilities 44,429,009 39,519,817
Redeemable noncontrolling interests 540,034 469,685
Commitments and contingencies
Shareholders' equity:    
Preferred stock 591,891 591,891
Common stock 3,560,633 3,517,146
Retained earnings 13,380,456 11,353,101
Accumulated other comprehensive loss (617,082) (478,210)
Total Shareholders' Equity 16,915,898 14,983,928
Noncontrolling interests 13,041 72,280
Total Equity 16,928,939 15,056,208
Total Liabilities and Equity $ 61,897,982 $ 55,045,710
[1] As of December 31, 2024 and 2023, goodwill was net of accumulated impairment losses of $190.6 million, of which $171.9 million was in other insurance operations and $18.7 million was in Markel Ventures.