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Products, Services and Other Revenues | 9 Months Ended
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Sep. 30, 2025
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 and segment, 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 September 30, 2025
(dollars in thousands) | Markel Insurance |  | Industrial |  | Financial |  | Consumer and Other |  | Corporate |  | Total
Products | $ | — |  |  | $ | 417,986 |  |  | $ | — |  |  | $ | 181,628 |  |  | $ | — |  |  | $ | 599,614 |
Services | 1,199 |  |  | 588,148 |  |  | 441 |  |  | 91,598 |  |  | — |  |  | 681,386 |
Management fees | — |  |  | — |  |  | 30,340 |  |  | — |  |  | — |  |  | 30,340 |
Total revenues from contracts with customers | 1,199 |  |  | 1,006,134 |  |  | 30,781 |  |  | 273,226 |  |  | — |  |  | 1,311,340 |
Leasing revenues | — |  |  | 43,218 |  |  | — |  |  | 16,938 |  |  | — |  |  | 60,156 |
Fronting fees | 29,026 |  |  | — |  |  | 41,047 |  |  | — |  |  | — |  |  | 70,073 |
Equity method and other investments income | 12,373 |  |  | — |  |  | 1,528 |  |  | — |  |  | 21,021 |  |  | 34,922 |
Other | 4,751 |  |  | 609 |  |  | — |  |  | 1,250 |  |  | — |  |  | 6,610 |
Total products, services, and other revenues | $ | 47,349 |  |  | $ | 1,049,961 |  |  | $ | 73,356 |  |  | $ | 291,414 |  |  | $ | 21,021 |  |  | $ | 1,483,101 |
| Quarter Ended September 30, 2024
(dollars in thousands) | Markel Insurance |  | Industrial |  | Financial |  | Consumer and Other |  | Corporate |  | Total
Products | $ | — |  |  | $ | 432,120 |  |  | $ | — |  |  | $ | 173,351 |  |  | $ | — |  |  | $ | 605,471 |
Services | 2,593 |  |  | 536,085 |  |  | (352) |  |  | 74,977 |  |  | — |  |  | 613,303 |
Management fees | — |  |  | — |  |  | 25,858 |  |  | — |  |  | — |  |  | 25,858 |
Total revenues from contracts with customers | 2,593 |  |  | 968,205 |  |  | 25,506 |  |  | 248,328 |  |  | — |  |  | 1,244,632 |
Leasing revenues | — |  |  | 29,843 |  |  | — |  |  | 15,883 |  |  | — |  |  | 45,726 |
Fronting fees | 12,627 |  |  | — |  |  | 34,986 |  |  | — |  |  | — |  |  | 47,613 |
Equity method and other investments income | 2,798 |  |  | (86) |  |  | (5,989) |  |  | — |  |  | 11,954 |  |  | 8,677 |
Other | 67 |  |  | 346 |  |  | — |  |  | 1,088 |  |  | — |  |  | 1,501 |
Total products, services, and other revenues | $ | 18,085 |  |  | $ | 998,308 |  |  | $ | 54,503 |  |  | $ | 265,299 |  |  | $ | 11,954 |  |  | $ | 1,348,149 |
| Nine Months Ended September 30, 2025
(dollars in thousands) | Markel Insurance |  | Industrial |  | Financial |  | Consumer and Other |  | Corporate |  | Total
Products | $ | — |  |  | $ | 1,197,798 |  |  | $ | — |  |  | $ | 795,614 |  |  | $ | — |  |  | $ | 1,993,412 |
Services | 4,748 |  |  | 1,578,137 |  |  | 1,160 |  |  | 258,732 |  |  | — |  |  | 1,842,777 |
Management fees | — |  |  | — |  |  | 85,790 |  |  | — |  |  | — |  |  | 85,790 |
Total revenues from contracts with customers | 4,748 |  |  | 2,775,935 |  |  | 86,950 |  |  | 1,054,346 |  |  | — |  |  | 3,921,979 |
Leasing revenues | — |  |  | 117,788 |  |  | — |  |  | 50,916 |  |  | — |  |  | 168,704 |
Fronting fees | 37,958 |  |  | — |  |  | 121,576 |  |  | — |  |  | — |  |  | 159,534 |
Equity method and other investments income | 10,515 |  |  | 350 |  |  | 46,701 |  |  | — |  |  | 38,496 |  |  | 96,062 |
Other | 5,031 |  |  | 1,177 |  |  | — |  |  | 3,164 |  |  | — |  |  | 9,372 |
Total products, services, and other revenues | $ | 58,252 |  |  | $ | 2,895,250 |  |  | $ | 255,227 |  |  | $ | 1,108,426 |  |  | $ | 38,496 |  |  | $ | 4,355,651 |
| Nine Months Ended September 30, 2024
(dollars in thousands) | Markel Insurance |  | Industrial |  | Financial |  | Consumer and Other |  | Corporate |  | Total
Products | $ | — |  |  | $ | 1,261,664 |  |  | $ | — |  |  | $ | 779,035 |  |  | $ | — |  |  | $ | 2,040,699 |
Services | 6,313 |  |  | 1,445,797 |  |  | 476 |  |  | 233,874 |  |  | — |  |  | 1,686,460 |
Management fees | — |  |  | — |  |  | 68,340 |  |  | — |  |  | — |  |  | 68,340 |
Total revenues from contracts with customers | 6,313 |  |  | 2,707,461 |  |  | 68,816 |  |  | 1,012,909 |  |  | — |  |  | 3,795,499 |
Leasing revenues | — |  |  | 76,160 |  |  | — |  |  | 47,354 |  |  | — |  |  | 123,514 |
Fronting fees | 19,875 |  |  | — |  |  | 109,986 |  |  | — |  |  | — |  |  | 129,861 |
Equity method and other investments income | 9,143 |  |  | 658 |  |  | (3,004) |  |  | — |  |  | 38,669 |  |  | 45,466 |
Other | 118 |  |  | 269 |  |  | — |  |  | 3,600 |  |  | — |  |  | 3,987 |
Total products, services, and other revenues | $ | 35,449 |  |  | $ | 2,784,548 |  |  | $ | 175,798 |  |  | $ | 1,063,863 |  |  | $ | 38,669 |  |  | $ | 4,098,327 |
Receivables from contracts with customers were $709.8 million and $593.8 million as of September 30, 2025 and December 31, 2024, 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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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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