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Property And Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property And Equipment
Property and Equipment

The following table presents the components of property and equipment, which are included in other assets on the consolidated balance sheets.

 
December 31,
(dollars in thousands)
2018
 
2017
Land
$
72,011

 
$
66,885

Buildings
137,095

 
119,729

Leasehold improvements
108,973

 
98,246

Land improvements
93,545

 
89,444

Furniture and equipment
392,060

 
341,450

Other
227,356

 
196,465

 
1,031,040

 
912,219

Accumulated depreciation and amortization
(479,498
)
 
(410,602
)
Property and equipment
$
551,542

 
$
501,617



Depreciation and amortization expense of property and equipment was $80.9 million, $71.6 million and $64.8 million for the years ended December 31, 2018, 2017 and 2016, respectively.

The Company does not own any individually material properties. The Company leases substantially all of the facilities used by its insurance operations and certain furniture and equipment under operating leases. The Company leases offices for the Insurance segment in Glen Allen, Virginia, London, England and in 63 other locations. The Company leases offices for the Reinsurance segment primarily in Summit, New Jersey and Hamilton, Bermuda. The Company either owns or leases office, clinic, manufacturing, warehouse and distribution facilities for the Markel Ventures segment in 96 locations, primarily in the U.S. The Company also leases offices for its other operations in Hamilton, Bermuda, London, England and in 13 other locations. The Company believes its facilities are suitable and adequate for the Company's operations.