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Markel Corporation (Parent Company Only) Financial Information (Schedule Of Condensed Statements Of Income And Comprehensive Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]                              
Net investment income                         $ 451,888 $ 434,215 $ 405,709
Change in fair value of equity securities [1]                         1,603,204 (425,622) (44,888)
Net investment gains (losses)                         1,601,722 (437,596) (5,303)
Total Operating Revenues $ 2,581,529 $ 2,033,058 $ 2,439,116 $ 2,472,488 $ 1,042,852 $ 2,235,949 $ 1,987,013 $ 1,575,471 $ 1,662,267 $ 1,506,148 $ 1,481,493 $ 1,411,751 9,526,191 6,841,285 6,061,659
Services and other expenses                         675,679 474,924 458,621
Interest expense                         171,687 154,212 132,451
Net foreign exchange gains (losses)                         (2,265) 106,598 3,140
Loss on early extinguishment of debt                         17,586 0 0
Total operating expenses                         7,048,845 6,801,526 5,845,053
Income tax (expense) benefit                         (486,346) (122,498) 313,463
Net Income (Loss) to Shareholders 511,104 [2] 205,637 [2] 497,298 [2] 576,427 [2] (751,543) [2] 409,438 [2] 278,231 [2] (64,306) [2] 434,881 [2] (259,141) [2] 149,660 [2] 69,869 [2] 1,790,466 [3] (128,180) [3] 395,269 [3]
Net holding gains (losses) arising during the period                         299,125 (241,325) 787,339
Reclassification adjustments for net gains (losses) included in net income to shareholders                         (1,148) 7,849 (24,296)
Change in net unrealized gains on available-for-sale investments, net of taxes                         297,977 (233,476) 763,043
Change in foreign currency translation adjustments, net of taxes                         382 (16,495) 10,449
Total Other Comprehensive Income (Loss)                         303,401 (247,630) 779,751
Comprehensive Income (Loss) to Shareholders $ 488,244 $ 250,069 $ 623,330 $ 732,245 $ (680,373) $ 315,106 $ 164,336 $ (174,839) $ 629,247 $ (19,869) $ 342,357 $ 223,239 2,093,888 (375,770) 1,174,974
Parent Company [Member]                              
Condensed Financial Statements, Captions [Line Items]                              
Net investment income                         48,845 32,631 21,076
Dividends on common stock of consolidated subsidiaries                         863,335 749,171 895,920
Marketable Securities, Realized Gain (Loss)                         3,848 (3,341) 3,383
Change in fair value of equity securities [4]                         293,296 (110,356) 0
Net investment gains (losses)                         297,144 (113,697) 3,383
Total Operating Revenues                         1,209,324 668,105 920,379
Services and other expenses                         6,436 6,532 11,708
Interest expense                         219,082 145,681 122,151
Net foreign exchange gains (losses)                         3,973 (3,391) 0
Loss on early extinguishment of debt                         13,656 0 0
Total operating expenses                         243,147 148,822 133,859
Income before equity in undistributed earnings of consolidated subsidiaries and income taxes                         966,177 519,283 786,520
Equity in undistributed earnings of consolidated subsidiaries                         851,337 (696,045) (469,365)
Income tax (expense) benefit                         (27,048) 48,582 78,114
Net Income (Loss) to Shareholders [4]                         1,790,466 (128,180) 395,269
Net holding gains (losses) arising during the period                         14,016 (1,492) 52,277
Consolidated subsidiaries' net holding gains (losses) arising during the period                         285,109 (239,833) 735,062
Reclassification adjustments for net gains (losses) included in net income to shareholders                         (4,591) 2,564 (1,513)
Consolidated subsidiaries' reclassification adjustments for net gains (losses) included in net income to shareholders                         3,443 5,285 (22,783)
Change in net unrealized gains on available-for-sale investments, net of taxes                         297,977 (233,476) 763,043
Change in foreign currency translation adjustments, net of taxes                         0 0 (2,260)
Consolidated subsidiaries' change in foreign currency translation adjustments, net of taxes                         403 (16,455) 12,663
Consolidated subsidiaries' change in net actuarial pension loss, net of taxes                         5,042 2,341 6,259
Total Other Comprehensive Income (Loss)                         303,422 (247,590) 779,705
Comprehensive Income (Loss) to Shareholders                         $ 2,093,888 $ (375,770) $ 1,174,974
[1]
Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale with unrealized gains and losses recognized in other comprehensive income; rather, all changes in the fair value of equity securities are now recognized in net income. Prior periods have not been restated to conform to the current presentation. Prior to adopting ASU No. 2016-01, the Company recorded certain investments in equity securities at estimated fair value with changes in fair value recorded in net income.
[2] Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, the change in fair value of equity securities is no longer recognized in other comprehensive income; rather, all changes in the fair value of equity securities are now recognized in net income. Prior periods have not been restated to conform to the current presentation.
[3] Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, the change in fair value of equity securities is no longer recognized in other comprehensive income; rather, all changes in the fair value of equity securities are now recognized in net income. Prior periods have not been restated to conform to the current presentation.
[4]
Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale with unrealized gains and losses recognized in other comprehensive income; rather, all changes in the fair value of equity securities are now recognized in net income. Prior periods have not been restated to conform to the current presentation.