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Segment Reporting Disclosures (Company's Segment Disclosures) (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
segment
Jun. 30, 2018
USD ($)
Segment Reporting Information [Line Items]        
Number of reportable ongoing underwriting segments | segment     2  
Premiums Written, Gross $ 2,247,147 $ 1,997,433 $ 4,502,189 $ 4,044,317
Net written premiums 1,305,638 1,180,606 2,782,731 2,515,408
Earned premiums 1,199,461 1,148,184 2,403,438 2,299,205
Losses and loss adjustment expenses, current accident year (796,712) (756,674) (1,554,682) (1,479,882)
Losses and loss adjustment expenses, prior accident years 118,592 157,496 188,816 265,586
Amortization of policy acquisition costs (263,065) (249,250) (524,892) (491,155)
Other operating expenses (199,251) (202,320) (392,636) (384,805)
Underwriting profit 59,025 97,436 120,044 208,949
Net investment income 111,831 105,387 226,013 213,403
Net investment gains (losses) 425,653 105,249 1,037,844 (17,749)
Products revenues 501,676 472,323 850,470 766,459
Services and other revenues 200,495 155,870 393,839 301,166
Products expenses (425,138) (450,585) (744,564) (720,282)
Services and other expenses 170,796 129,854 345,402 262,287
Amortization of intangible assets (36,300) [1] (29,641) [2] (76,968) [3] (58,464) [4]
Impairment of goodwill and intangible assets 0 (14,904) 0 (14,904)
Segment profit (loss) 666,446 311,281 1,461,276 416,291
Interest expense (41,267) (36,702) (81,557) (76,761)
Net foreign exchange losses (gains) 25,015 86,158 3,151 64,044
Income before income taxes $ 650,194 $ 360,737 $ 1,382,870 $ 403,574
U.S. GAAP combined ratio 95.00% [5] 92.00% [6] 95.00% [7] 91.00% [8]
Insurance [Member]        
Segment Reporting Information [Line Items]        
Premiums Written, Gross $ 1,368,348 $ 1,233,828 $ 2,561,196 $ 2,327,190
Net written premiums 1,126,170 1,001,126 2,124,528 1,914,105
Earned premiums 991,269 918,194 1,964,996 1,821,045
Losses and loss adjustment expenses, current accident year (657,372) (610,634) (1,275,870) (1,180,661)
Losses and loss adjustment expenses, prior accident years 101,721 139,485 174,295 258,658
Amortization of policy acquisition costs (208,609) (191,843) (408,608) (371,328)
Other operating expenses (179,432) (180,928) (355,153) (350,899)
Underwriting profit 47,577 74,274 99,660 176,815
Net investment income 0 0 0 0
Net investment gains (losses) 0 0 0 0
Products revenues 0 0 0 0
Services and other revenues 0 0 0 0
Products expenses 0 0 0 0
Services and other expenses 0 0 0 0
Amortization of intangible assets 0 [1] 0 [2] 0 [3] 0 [4]
Impairment of goodwill and intangible assets   0   0
Segment profit (loss) $ 47,577 $ 74,274 $ 99,660 $ 176,815
U.S. GAAP combined ratio 95.00% [5] 92.00% [6] 95.00% [7] 90.00% [8]
Reinsurance [Member]        
Segment Reporting Information [Line Items]        
Premiums Written, Gross $ 223,381 $ 208,805 $ 736,758 $ 701,138
Net written premiums 178,802 178,729 657,769 599,787
Earned premiums 207,728 229,613 438,238 477,577
Losses and loss adjustment expenses, current accident year (139,340) (145,992) (278,812) (299,173)
Losses and loss adjustment expenses, prior accident years 18,190 18,525 6,895 5,454
Amortization of policy acquisition costs (54,456) (57,407) (116,284) (119,827)
Other operating expenses (23,306) (21,178) (37,865) (33,308)
Underwriting profit 8,816 23,561 12,172 30,723
Net investment income 0 0 0 0
Net investment gains (losses) 0 0 0 0
Products revenues 0 0 0 0
Services and other revenues 0 0 0 0
Products expenses 0 0 0 0
Services and other expenses 0 0 0 0
Amortization of intangible assets 0 [1] 0 [2] 0 [3] 0 [4]
Impairment of goodwill and intangible assets   0   0
Segment profit (loss) $ 8,816 $ 23,561 $ 12,172 $ 30,723
U.S. GAAP combined ratio 96.00% [5] 90.00% [6] 97.00% [7] 94.00% [8]
Investing [Member]        
Segment Reporting Information [Line Items]        
Premiums Written, Gross $ 0 $ 0 $ 0 $ 0
Net written premiums 0 0 0 0
Earned premiums 0 0 0 0
Losses and loss adjustment expenses, current accident year 0 0 0 0
Losses and loss adjustment expenses, prior accident years 0 0 0 0
Amortization of policy acquisition costs 0 0 0 0
Other operating expenses 0 0 0 0
Underwriting profit 0 0 0 0
Net investment income 111,633 105,195 225,563 213,089
Net investment gains (losses) 425,653 105,249 1,037,844 (17,749)
Products revenues 0 0 0 0
Services and other revenues 0 0 0 0
Products expenses 0 0 0 0
Services and other expenses 0 0 0 0
Amortization of intangible assets 0 [1] 0 [2] 0 [3] 0 [4]
Impairment of goodwill and intangible assets   0   0
Segment profit (loss) 537,286 210,444 1,263,407 195,340
Markel Ventures [Member]        
Segment Reporting Information [Line Items]        
Premiums Written, Gross 0 [9] 0 [10] 0 [11] 0 [12]
Net written premiums 0 [9] 0 [10] 0 [11] 0 [12]
Earned premiums 0 [9] 0 [10] 0 [11] 0 [12]
Losses and loss adjustment expenses, current accident year 0 [9] 0 [10] 0 [11] 0 [12]
Losses and loss adjustment expenses, prior accident years 0 [9] 0 [10] 0 [11] 0 [12]
Amortization of policy acquisition costs 0 [9] 0 [10] 0 [11] 0 [12]
Other operating expenses 0 [9] 0 [10] 0 [11] 0 [12]
Underwriting profit 0 [9] 0 [10] 0 [11] 0 [12]
Net investment income 198 [9] 192 [10] 450 [11] 314 [12]
Net investment gains (losses) 0 [9] 0 [10] 0 [11] 0 [12]
Products revenues 501,676 [9] 472,323 [10] 850,470 [11] 766,459 [12]
Services and other revenues 115,311 [9] 106,433 [10] 221,280 [11] 204,354 [12]
Products expenses (425,138) [9] (450,585) [10] (744,564) [11] (720,282) [12]
Services and other expenses 99,860 [9] 90,344 [10] 194,730 [11] 178,952 [12]
Amortization of intangible assets (10,510) [1],[9] (10,096) [2],[10] (21,317) [3],[11] (20,193) [4],[12]
Impairment of goodwill and intangible assets   (14,904) [10]   (14,904)
Segment profit (loss) 81,677 [9] 13,019 [10] 111,589 [11] 36,796 [12]
Depreciation expense (13,500) (12,800) (27,500) (25,500)
Other [Member]        
Segment Reporting Information [Line Items]        
Premiums Written, Gross 655,418 [13] 554,800 [14] 1,204,235 [15] 1,015,989 [16]
Net written premiums 666 [13] 751 [14] 434 [15] 1,516 [16]
Earned premiums 464 [13] 377 [14] 204 [15] 583 [16]
Losses and loss adjustment expenses, current accident year 0 [13] (48) [14] 0 [15] (48) [16]
Losses and loss adjustment expenses, prior accident years (1,319) [13] (514) [14] 7,626 [15] 1,474 [16]
Amortization of policy acquisition costs 0 [13] 0 [14] 0 [15] 0 [16]
Other operating expenses 3,487 [13] (214) [14] 382 [15] (598) [16]
Underwriting profit 2,632 [13] (399) [14] 8,212 [15] 1,411 [16]
Net investment income 0 [13] 0 [14] 0 [11] 0 [16]
Net investment gains (losses) 0 [13] 0 [14] 0 [15] 0 [16]
Products revenues 0 [13] 0 [14] 0 [15] 0 [16]
Services and other revenues 85,184 [13] 49,437 [14] 172,559 [15] 96,812 [16]
Products expenses 0 [13] 0 [14] 0 [15] 0 [16]
Services and other expenses 70,936 [13] 39,510 [14] 150,672 [15] 83,335 [16]
Amortization of intangible assets (25,790) [1],[13] (19,545) [2],[14] (55,651) [3],[15] (38,271) [4],[16]
Impairment of goodwill and intangible assets   0 [14]   0 [16]
Segment profit (loss) $ (8,910) [13] $ (10,017) [14] $ (25,552) [15] $ (23,383) [12]
U.S. GAAP combined ratio - not meaniningful NM [5],[13],[17] NM [6],[14],[18] NM [7],[15],[19] NM [8],[16],[20]
[1]
Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to any other reportable segments.
[2]
Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to any other reportable segments.
[3]
Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to any other reportable segments.
[4]
Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets is not allocated to any other reportable segments.
[5]
The U.S. GAAP combined ratio is a measure of underwriting performance and represents the relationship of incurred losses, loss adjustment expenses and underwriting, acquisition and insurance expenses to earned premiums.
[6]
The U.S. GAAP combined ratio is a measure of underwriting performance and represents the relationship of incurred losses, loss adjustment expenses and underwriting, acquisition and insurance expenses to earned premiums.
[7]
The U.S. GAAP combined ratio is a measure of underwriting performance and represents the relationship of incurred losses, loss adjustment expenses and underwriting, acquisition and insurance expenses to earned premiums.
[8]
The U.S. GAAP combined ratio is a measure of underwriting performance and represents the relationship of incurred losses, loss adjustment expenses and underwriting, acquisition and insurance expenses to earned premiums.
[9]
Products expenses and services and other expenses for the Markel Ventures segment include depreciation expense of $13.5 million for the quarter ended June 30, 2019.
[10]
Products expenses and services and other expenses for the Markel Ventures segment include depreciation expense of $12.8 million for the quarter ended June 30, 2018.
[11]
Products expenses and services and other expenses for the Markel Ventures segment include depreciation expense of $27.5 million for the six months ended June 30, 2019.
[12]
Products expenses and services and other expenses for the Markel Ventures segment include depreciation expense of $25.5 million for the six months ended June 30, 2018.
[13]
Other represents the total profit (loss) attributable to the Company's operations that are not included in a reportable segment as well as any amortization of intangible assets that are not allocated to a reportable segment.
[14]
Other represents the total loss attributable to the Company's operations that are not included in a reportable segment as well as any amortization of intangible assets that are not allocated to a reportable segment.
[15]
Other represents the total profit (loss) attributable to the Company's operations that are not included in a reportable segment as well as any amortization of intangible assets that are not allocated to a reportable segment.
[16]
Other represents the total profit (loss) attributable to the Company's operations that are not included in a reportable segment as well as any amortization of intangible assets that are not allocated to a reportable segment.
[17]
NM - Ratio is not meaningful
[18]
NM - Ratio is not meaningful
[19]
NM - Ratio is not meaningful
[20]
NM - Ratio is not meaningful