2023 Q2 Form 10-Q Financial Statement

#000109634323000069 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $4.143B $3.643B
YoY Change 131.14% 39.8%
Cost Of Revenue $1.188B
YoY Change
Gross Profit $2.955B
YoY Change
Gross Profit Margin 71.32%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.42M $422.1M
YoY Change -88.7% 10.46%
% of Gross Profit 1.5%
Operating Expenses $3.172B $2.889B
YoY Change 6.77% 9.1%
Operating Profit $970.1M $753.9M
YoY Change -182.27% -1888.81%
Interest Expense -$62.20M $49.44M
YoY Change -224.27% -0.51%
% of Operating Profit -6.41% 6.56%
Other Income/Expense, Net
YoY Change
Pretax Income $907.9M $671.5M
YoY Change -180.88% -1082.59%
Income Tax $191.9M $133.7M
% Of Pretax Income 21.14% 19.91%
Net Earnings $671.8M $488.7M
YoY Change -173.31% -1024.72%
Net Earnings / Revenue 16.22% 13.41%
Basic Earnings Per Share $50.20 $37.33
Diluted Earnings Per Share $50.09 $37.26
COMMON SHARES
Basic Shares Outstanding 13.35M shares 13.41M shares
Diluted Shares Outstanding 13.41M shares 13.48M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.306B $4.032B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $2.627B $2.643B
YoY Change -5.17% -4.71%
Intangibles $1.678B $1.706B
YoY Change -2.98% -3.81%
Long-Term Investments $23.47B $491.8M
YoY Change 4696.41% 0.47%
Other Assets $935.0M $972.9M
YoY Change -22.88% -26.1%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $52.18B $50.94B
YoY Change 8.84% 4.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $3.814B $3.897B
YoY Change -15.29% -12.01%
Other Long-Term Liabilities $4.248B $4.087B
YoY Change 4.13% -10.55%
Total Long-Term Liabilities $8.061B $7.984B
YoY Change -6.06% -11.27%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $8.061B $7.984B
Total Liabilities $38.00B $36.66B
YoY Change 9.56% 6.58%
SHAREHOLDERS EQUITY
Retained Earnings $10.82B $10.26B
YoY Change 16.46% -0.22%
Common Stock $3.515B $3.507B
YoY Change 1.07% 1.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.19B $13.74B
YoY Change
Total Liabilities & Shareholders Equity $52.18B $50.94B
YoY Change 8.84% 4.0%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $671.8M $488.7M
YoY Change -173.31% -1024.72%
Depreciation, Depletion And Amortization $44.42M $422.1M
YoY Change -88.7% 10.46%
Cash From Operating Activities $724.4M $284.2M
YoY Change 43.14% -31.5%
INVESTING ACTIVITIES
Capital Expenditures $42.26M $37.18M
YoY Change -171.82% -28.08%
Acquisitions $0.00
YoY Change
Other Investing Activities -$222.8M $1.696M
YoY Change -24.37% -88.06%
Cash From Investing Activities -$265.0M -$108.5M
YoY Change -25.0% 117.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -217.7M -$412.2M
YoY Change -40.81% 2086.49%
NET CHANGE
Cash From Operating Activities 724.4M $284.2M
Cash From Investing Activities -265.0M -$108.5M
Cash From Financing Activities -217.7M -$412.2M
Net Change In Cash 241.7M -$216.7M
YoY Change -212.34% -166.33%
FREE CASH FLOW
Cash From Operating Activities $724.4M $284.2M
Capital Expenditures $42.26M $37.18M
Free Cash Flow $682.2M $247.0M
YoY Change 20.75% -31.99%

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129163000 usd
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112783000 usd
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37179000 usd
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51696000 usd
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0 usd
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629955000 usd
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0 usd
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106846000 usd
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1696000 usd
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189031000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
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81964000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
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79296000 usd
CY2023Q1 mkl Redemption Of Markel Cat Co Re Noncontrolling Interests
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88997000 usd
CY2022Q1 mkl Redemption Of Markel Cat Co Re Noncontrolling Interests
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0 usd
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21665000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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0 usd
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-11452000 usd
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ProceedsFromPaymentsForOtherFinancingActivities
-4808000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19844000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-19411000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-216660000 usd
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326636000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5221513000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4880947000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5004853000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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5207583000 usd
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CY2021Q1 mkl Reversal Of Reserve Deficiency Adjustment
ReversalOfReserveDeficiencyAdjustment
119548000 usd
CY2021Q1 mkl Cumulative Effect Of Adopting Asu201812 Aoci Application Of Updated Discount Rate To Liability For Future Policyholder Benefits
CumulativeEffectOfAdoptingASU201812AOCIApplicationOfUpdatedDiscountRateToLiabilityForFuturePolicyholderBenefits
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CY2021Q1 mkl Cumulative Effect Of Adoption Of Asu No201812 Aoci Life And Annuity Benefits
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CY2021Q1 mkl Cumulative Effect Of Adoption Of Asu No201812 Aoci Deferred Tax Liability
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4057000 usd
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-15260000 usd
CY2022Q4 mkl Cumulative Effect Of Adoption Of Asu No201812 Aoci Life And Annuity Benefits
CumulativeEffectOfAdoptionOfASUNo201812AOCILifeAndAnnuityBenefits
113396000 usd
CY2021Q4 mkl Cumulative Effect Of Adoption Of Asu No201812 Aoci Life And Annuity Benefits
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CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance
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933600000 usd
CY2021Q4 mkl Cumulative Effect Of Adoption Of Asu No201812 Aoci Deferred Tax Liability
CumulativeEffectOfAdoptionOfASUNo201812AOCIDeferredTaxLiability
4149000 usd
CY2022Q4 mkl Cumulative Effect Of Adopting Asu201812 Accumulated Other Comprehensive Income Loss Net Of Taxes
CumulativeEffectOfAdoptingASU201812AccumulatedOtherComprehensiveIncomeLossNetOfTaxes
89583000 usd
CY2021Q4 mkl Cumulative Effect Of Adopting Asu201812 Accumulated Other Comprehensive Income Loss Net Of Taxes
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CY2022Q1 mkl Change In Other Comprehensive Income Loss Net Of Taxes Due To Adoption Of Asu201812
ChangeInOtherComprehensiveIncomeLossNetOfTaxesDueToAdoptionOfASU201812
16000000 usd
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-44682000 usd
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60693000 usd
CY2022Q1 mkl Change In Other Comprehensive Income Loss Net Of Taxes Due To Adoption Of Asu201812
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16011000 usd
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3436012000 usd
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2217778000 usd
CY2023Q1 us-gaap Premiums Earned Net
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1967704000 usd
CY2023Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1244331000 usd
CY2023Q1 mkl Supplemental Info For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense Including Amounts Related To Liabilities Not Included In Unpaid Losses And Lae
SupplementalInfoForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpenseIncludingAmountsRelatedToLiabilitiesNotIncludedInUnpaidLossesAndLAE
-71317000 usd
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DeferredPolicyAcquisitionCostAmortizationExpense
422132000 usd
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372563000 usd
CY2023Q1 mkl Products Revenues
ProductsRevenues
577926000 usd
CY2023Q1 mkl Servicesandotherrevenues
Servicesandotherrevenues
565861000 usd
CY2023Q1 mkl Productsexpenses
Productsexpenses
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Servicesandotherexpenses
480619000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
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InterestExpense
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ForeignCurrencyTransactionGainLossRealized
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
671530000 usd
CY2022Q1 us-gaap Premiums Written Gross
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PremiumsWrittenNet
2164734000 usd
CY2022Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
1759770000 usd
CY2022Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1068695000 usd
CY2022Q1 mkl Supplemental Info For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense Including Amounts Related To Liabilities Not Included In Unpaid Losses And Lae
SupplementalInfoForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpenseIncludingAmountsRelatedToLiabilitiesNotIncludedInUnpaidLossesAndLAE
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DeferredPolicyAcquisitionCostAmortizationExpense
382160000 usd
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OtherUnderwritingExpense
208205000 usd
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UnderwritingProfitLoss
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NetInvestmentGainsLosses
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ProductsRevenues
481621000 usd
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Servicesandotherrevenues
630940000 usd
CY2022Q1 mkl Productsexpenses
Productsexpenses
447819000 usd
CY2022Q1 mkl Servicesandotherexpenses
Servicesandotherexpenses
589891000 usd
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46049000 usd
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TotalProfitLoss
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CY2022Q1 us-gaap Interest Expense
InterestExpense
49692000 usd
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23004000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q1 us-gaap Assets
Assets
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CY2022Q4 us-gaap Assets
Assets
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CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13142991000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
32102000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
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CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12403118000 usd
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ShorttermInvestmentsAvailableforSaleAmortizedCostBasis
2482609000 usd
CY2023Q1 mkl Shortterm Investments Availablefor Sale Accumulated Gross Unrealized Gain Before Tax
ShorttermInvestmentsAvailableforSaleAccumulatedGrossUnrealizedGainBeforeTax
4978000 usd
CY2023Q1 mkl Shortterm Investments Availablefor Sale Accumulated Gross Unrealized Loss Before Tax
ShorttermInvestmentsAvailableforSaleAccumulatedGrossUnrealizedLossBeforeTax
86000 usd
CY2023Q1 mkl Shortterm Investments Availablefor Sale
ShorttermInvestmentsAvailableforSale
2487501000 usd
CY2023Q1 mkl Investments Availablefor Sale Amortized Cost Basis
InvestmentsAvailableforSaleAmortizedCostBasis
15625600000 usd
CY2023Q1 mkl Investments Availablefor Sale Accumulated Gross Unrealized Gain Before Tax
InvestmentsAvailableforSaleAccumulatedGrossUnrealizedGainBeforeTax
37080000 usd
CY2023Q1 mkl Investments Availablefor Sale Accumulated Gross Unrealized Loss Before Tax
InvestmentsAvailableforSaleAccumulatedGrossUnrealizedLossBeforeTax
772061000 usd
CY2023Q1 mkl Investments Availablefor Sale
InvestmentsAvailableforSale
14890619000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
12805887000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
13100000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
962152000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
11856835000 usd
CY2022Q4 mkl Shortterm Investments Availablefor Sale Amortized Cost Basis
ShorttermInvestmentsAvailableforSaleAmortizedCostBasis
2663560000 usd
CY2022Q4 mkl Shortterm Investments Availablefor Sale Accumulated Gross Unrealized Gain Before Tax
ShorttermInvestmentsAvailableforSaleAccumulatedGrossUnrealizedGainBeforeTax
5760000 usd
CY2022Q4 mkl Shortterm Investments Availablefor Sale Accumulated Gross Unrealized Loss Before Tax
ShorttermInvestmentsAvailableforSaleAccumulatedGrossUnrealizedLossBeforeTax
58000 usd
CY2022Q4 mkl Shortterm Investments Availablefor Sale
ShorttermInvestmentsAvailableforSale
2669262000 usd
CY2022Q4 mkl Investments Availablefor Sale Amortized Cost Basis
InvestmentsAvailableforSaleAmortizedCostBasis
15469447000 usd
CY2022Q4 mkl Investments Availablefor Sale Accumulated Gross Unrealized Gain Before Tax
InvestmentsAvailableforSaleAccumulatedGrossUnrealizedGainBeforeTax
18860000 usd
CY2022Q4 mkl Investments Availablefor Sale Accumulated Gross Unrealized Loss Before Tax
InvestmentsAvailableforSaleAccumulatedGrossUnrealizedLossBeforeTax
962210000 usd
CY2022Q4 mkl Investments Availablefor Sale
InvestmentsAvailableforSale
14526097000 usd
CY2023Q1 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position Lessthan12 Months
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPositionLessthan12Months
27118000 usd
CY2023Q1 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position Lessthan12 Months Accumulated Loss
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
86000 usd
CY2023Q1 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position12 Monthsor Longer
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPosition12MonthsorLonger
0 usd
CY2023Q1 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position12 Monthsor Longer Accumulated Loss
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPosition12MonthsorLongerAccumulatedLoss
0 usd
CY2023Q1 mkl Shortterm Investments Availableforsale Unrealized Loss Position Total
ShorttermInvestmentsAvailableforsaleUnrealizedLossPositionTotal
27118000 usd
CY2023Q1 mkl Shortterm Investments Availableforsale Unrealized Loss Position Accumulated Loss
ShorttermInvestmentsAvailableforsaleUnrealizedLossPositionAccumulatedLoss
86000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
4262140000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
204011000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
5788990000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
568050000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
10051130000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
772061000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
1291 securities
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
10100000000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
772100000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
1291 securities
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
637 securities
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
5800000000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
568100000 usd
CY2022Q4 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position Lessthan12 Months
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPositionLessthan12Months
774480000 usd
CY2022Q4 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position Lessthan12 Months Accumulated Loss
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
58000 usd
CY2022Q4 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position12 Monthsor Longer
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPosition12MonthsorLonger
0 usd
CY2022Q4 mkl Shortterm Investments Availableforsale Continuous Unrealized Loss Position12 Monthsor Longer Accumulated Loss
ShorttermInvestmentsAvailableforsaleContinuousUnrealizedLossPosition12MonthsorLongerAccumulatedLoss
0 usd
CY2022Q4 mkl Shortterm Investments Availableforsale Unrealized Loss Position Total
ShorttermInvestmentsAvailableforsaleUnrealizedLossPositionTotal
774480000 usd
CY2022Q4 mkl Shortterm Investments Availableforsale Unrealized Loss Position Accumulated Loss
ShorttermInvestmentsAvailableforsaleUnrealizedLossPositionAccumulatedLoss
58000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
7924623000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
568299000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
3356273000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
393911000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
11280896000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
962210000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
1400 securities
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
11300000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
962200000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
1400 securities
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
246 securities
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
3400000000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
393900000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1215062000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1195653000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
4294690000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
4132513000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
3211335000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
2960029000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
1762439000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
1626781000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
10483526000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
9914976000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13142991000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12403118000 usd
CY2023Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
27482000 usd
CY2023Q1 mkl Percentage Of Markel Cat Co Re Net Equity Held By The Company
PercentageOfMarkelCATCoReNetEquityHeldByTheCompany
0.28
CY2022Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
24737000 usd
CY2023Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
163830000 usd
CY2022Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
96657000 usd
CY2023Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
4495000 usd
CY2022Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
4353000 usd
CY2023Q1 us-gaap Net Investment Income
NetInvestmentIncome
159335000 usd
CY2022Q1 us-gaap Net Investment Income
NetInvestmentIncome
92304000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-3221000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
6228000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
5637000 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-12329000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
370147000 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-352298000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
375784000 usd
CY2022Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-364627000 usd
CY2023Q1 mkl Net Investment Gains Losses
NetInvestmentGainsLosses
372563000 usd
CY2022Q1 mkl Net Investment Gains Losses
NetInvestmentGainsLosses
-358399000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
208369000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-659948000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
899000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
56472000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
0 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
48780000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-46000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
776000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
853000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
8468000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
491800000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
494000000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1500000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-23200000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1143787000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1112561000 usd
CY2023Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a reconciliation of consolidated beginning and ending reserves for losses and loss adjustment expenses.</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:72.584%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.765%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.767%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Three Months Ended March 31, </span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">(dollars in thousands)</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross reserves for losses and loss adjustment expenses, beginning of year</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">20,947,898</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,178,894 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverables on unpaid losses, beginning of year</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">7,994,884</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,876,317 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net reserves for losses and loss adjustment expenses, beginning of year</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12,953,014</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,302,577 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of foreign currency rate changes on beginning of year balance</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">36,637</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(27,505)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted net reserves for losses and loss adjustment expenses, beginning of year</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">12,989,651</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,275,072 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Incurred losses and loss adjustment expenses:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current accident year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,244,331</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,068,695 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior accident years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(71,317)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(96,323)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total incurred losses and loss adjustment expenses</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,173,014</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">972,372 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payments:</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current accident year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">72,167</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40,852 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior accident years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">708,115</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">697,192 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total payments</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">780,282</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">738,044 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of foreign currency rate changes on current year activity</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(3,649)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(267)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in net reserves for losses and loss adjustment expenses of Markel CATCo Re (see note 11)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(115,141)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">546,760 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverable for retroactive reinsurance transaction</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(125,067)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net reserves for losses and loss adjustment expenses, end of period</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">13,138,526</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,055,893 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverables on unpaid losses</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,168,267</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,787,237 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross reserves for losses and loss adjustment expenses, end of period</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">21,306,793</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,843,130 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>
CY2022Q4 mkl Percentage Of Markel Cat Co Re Net Equity Held By The Company
PercentageOfMarkelCATCoReNetEquityHeldByTheCompany
0.23
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
20947898000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
18178894000 usd
CY2022Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
7994884000 usd
CY2021Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
6876317000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
12953014000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
11302577000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
36637000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
-27505000 usd
CY2022Q4 mkl Adjusted Liability For Unpaid Claims And Claims Adjustment Expense Net
AdjustedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
12989651000 usd
CY2021Q4 mkl Adjusted Liability For Unpaid Claims And Claims Adjustment Expense Net
AdjustedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
11275072000 usd
CY2023Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1244331000 usd
CY2022Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1068695000 usd
CY2023Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-71317000 usd
CY2022Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-96323000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
1173014000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
972372000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
72167000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
40852000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
708115000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
697192000 usd
CY2023Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
780282000 usd
CY2022Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
738044000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
-3649000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
-267000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Business Acquisitions
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseBusinessAcquisitions
-115141000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Business Acquisitions
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseBusinessAcquisitions
546760000 usd
CY2023Q1 mkl Reinsurance Recoverable Retroactive Reinsurance Transaction
ReinsuranceRecoverableRetroactiveReinsuranceTransaction
-125067000 usd
CY2022Q1 mkl Reinsurance Recoverable Retroactive Reinsurance Transaction
ReinsuranceRecoverableRetroactiveReinsuranceTransaction
0 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
13138526000 usd
CY2022Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
12055893000 usd
CY2023Q1 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
8168267000 usd
CY2022Q1 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
6787237000 usd
CY2023Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
21306793000 usd
CY2022Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
18843130000 usd
CY2023Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-71300000 usd
CY2022Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-96300000 usd
CY2023Q1 us-gaap Direct Premiums Written
DirectPremiumsWritten
2542574000 usd
CY2023Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
893438000 usd
CY2023Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
1218234000 usd
CY2023Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
2217778000 usd
CY2022Q1 us-gaap Direct Premiums Written
DirectPremiumsWritten
2520229000 usd
CY2022Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
878058000 usd
CY2022Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
1233553000 usd
CY2022Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
2164734000 usd
CY2023Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
2612989000 usd
CY2023Q1 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
473436000 usd
CY2023Q1 us-gaap Ceded Premiums Earned
CededPremiumsEarned
1118721000 usd
CY2023Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
1967704000 usd
CY2022Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
2397575000 usd
CY2022Q1 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
451927000 usd
CY2022Q1 us-gaap Ceded Premiums Earned
CededPremiumsEarned
1089732000 usd
CY2022Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
1759770000 usd
CY2023Q1 mkl Premiums Percentage Ceded To Gross
PremiumsPercentageCededToGross
0.36
CY2022Q1 mkl Premiums Percentage Ceded To Gross
PremiumsPercentageCededToGross
0.38
CY2023Q1 us-gaap Premiums Percentage Assumed To Net
PremiumsPercentageAssumedToNet
0.24
CY2022Q1 us-gaap Premiums Percentage Assumed To Net
PremiumsPercentageAssumedToNet
0.26
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
566751000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
554366000 usd
CY2023Q1 mkl Liability For Future Policy Benefit Deferred Profit Liability
LiabilityForFuturePolicyBenefitDeferredProfitLiability
48342000 usd
CY2022Q4 mkl Liability For Future Policy Benefit Deferred Profit Liability
LiabilityForFuturePolicyBenefitDeferredProfitLiability
48569000 usd
CY2023Q1 mkl Liability For Future Policy Benefit Expected Future Policy Benefit Other
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOther
53755000 usd
CY2022Q4 mkl Liability For Future Policy Benefit Expected Future Policy Benefit Other
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOther
47786000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
668848000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
650721000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
554366000 usd
CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
821632000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
667761000 usd
CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Original Discount Rate Before Cash Flow And Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitOriginalDiscountRateBeforeCashFlowAndReinsurance
745313000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange
0 usd
CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromCashFlowChange
0 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease Of Actual Variance From Expected Experience
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience
0 usd
CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease Of Actual Variance From Expected Experience
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience
0 usd
CY2022Q4 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
667761000 usd
CY2021Q4 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
745313000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense
3815000 usd
CY2022Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitInterestExpense
4186000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefits Payment For Benefits
LiabilityForFuturePolicyBenefitsPaymentForBenefits
13283000 usd
CY2022Q1 us-gaap Liability For Future Policy Benefits Payment For Benefits
LiabilityForFuturePolicyBenefitsPaymentForBenefits
14349000 usd
CY2023Q1 mkl Liability For Future Policy Benefit Expected Future Policy Benefit Effect Of Foreign Currency Rate Changes
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitEffectOfForeignCurrencyRateChanges
10396000 usd
CY2022Q1 mkl Liability For Future Policy Benefit Expected Future Policy Benefit Effect Of Foreign Currency Rate Changes
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitEffectOfForeignCurrencyRateChanges
-11900000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
668689000 usd
CY2022Q1 us-gaap Liability For Future Policy Benefit Expected Future Benefit Original Discount Rate Before Reinsurance After Cash Flow Change
LiabilityForFuturePolicyBenefitExpectedFutureBenefitOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange
723250000 usd
CY2023Q1 mkl Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Discount Rate Assumptions
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromDiscountRateAssumptions
-101938000 usd
CY2022Q1 mkl Liability For Future Policy Benefit Expected Future Policy Benefit Cumulative Increase Decrease From Discount Rate Assumptions
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitCumulativeIncreaseDecreaseFromDiscountRateAssumptions
-508000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
566751000 usd
CY2022Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitBeforeReinsuranceAfterDiscountRateChange
722742000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance
LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance
862700000 usd
CY2023Q1 us-gaap Liability For Future Policy Benefit Weighted Average Interest Accretion Rate
LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate
0.023 rate
CY2022Q4 us-gaap Liability For Future Policy Benefit Weighted Average Interest Accretion Rate
LiabilityForFuturePolicyBenefitWeightedAverageInterestAccretionRate
0.023 rate
CY2023Q1 us-gaap Liability For Future Policy Benefit Current Weighted Average Discount Rate
LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate
0.041 rate
CY2022Q4 us-gaap Liability For Future Policy Benefit Current Weighted Average Discount Rate
LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate
0.043 rate
CY2023Q1 us-gaap Liability For Future Policy Benefit Weighted Average Duration
LiabilityForFuturePolicyBenefitWeightedAverageDuration
P9Y
CY2022Q4 us-gaap Liability For Future Policy Benefit Weighted Average Duration
LiabilityForFuturePolicyBenefitWeightedAverageDuration
P9Y
CY2022Q1 mkl Cash Funding Used To Purchase Markel Cat Co Funds Interests In Markel Cat Co Re
CashFundingUsedToPurchaseMarkelCATCoFundsInterestsInMarkelCATCoRe
45100000 usd
CY2022Q1 mkl Additional Payments Made Net Of Insurance Proceeds To Investors By Markel
AdditionalPaymentsMadeNetOfInsuranceProceedsToInvestorsByMarkel
101900000 usd
CY2022Q2 mkl Returned Capital From Markel Cat Co Re
ReturnedCapitalFromMarkelCATCoRe
24900000 usd
CY2023Q1 mkl Investment In Markel Cat Co Re
InvestmentInMarkelCATCoRe
20100000 usd
CY2023Q1 mkl Tail Risk Cover In Cat Co Transaction
TailRiskCoverInCATCoTransaction
142700000 usd
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
488652000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-51741000 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-13473000 usd
CY2022Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
36940000 usd
CY2023Q1 mkl Adjusted Net Income Loss
AdjustedNetIncomeLoss
502125000 usd
CY2022Q1 mkl Adjusted Net Income Loss
AdjustedNetIncomeLoss
-88681000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13450000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13652000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13475000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13652000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
37.33
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.50
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
37.26
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.50

Files In Submission

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mkl-20230331_cal.xml Edgar Link unprocessable
mkl-20230331_lab.xml Edgar Link unprocessable
0001096343-23-000069-index-headers.html Edgar Link pending
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mkl-20230331.htm Edgar Link pending
mkl-20230331.xsd Edgar Link pending
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