Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
ASSETS
Fixed maturities, available-for-sale (amortized cost of $9,448,840 in 2019 and $9,950,773 in 2018)		$ 9,970,909	$ 10,043,188
Equity securities (cost of $3,266,735 in 2019 and $2,971,856 in 2018)		7,590,755	5,720,945
Short-term investments, available-for-sale (estimated fair value approximates cost)		1,196,248	1,077,696
Total Investments		18,757,912	16,841,829
Cash and cash equivalents		3,072,807	2,014,168
Restricted cash and cash equivalents		427,546	382,264
Receivables		1,847,802	1,692,526
Reinsurance recoverables		5,432,712	5,221,947
Deferred policy acquisition costs		566,042	474,513
Prepaid reinsurance premiums		1,415,857	1,331,022
Goodwill	[1]	2,308,548	2,237,975
Intangible assets		1,738,474	1,726,196
Other assets		1,906,115	1,383,823
Total Assets		37,473,815	33,306,263
LIABILITIES AND EQUITY
Unpaid losses and loss adjustment expenses		14,728,676	14,276,479
Life and annuity benefits		985,729	1,001,453
Unearned premiums		4,057,727	3,611,028
Payables to insurance and reinsurance companies		406,720	337,326
Senior long-term debt and other debt (estimated fair value of $3,907,000 in 2019 and $3,030,000 in 2018)		3,534,183	3,009,577
Other liabilities		2,504,802	1,796,036
Total Liabilities		26,217,837	24,031,899
Redeemable noncontrolling interests		177,562	174,062
Commitments and contingencies
Shareholders' equity:
Common stock		3,404,919	3,392,993
Retained earnings		7,457,176	5,782,310
Accumulated other comprehensive income (loss)		208,772	(94,650)
Total Shareholders' Equity		11,070,867	9,080,653
Noncontrolling interests		7,549	19,649
Total Equity		11,078,416	9,100,302
Total Liabilities and Equity		$ 37,473,815	$ 33,306,263

[1] As of December 31, 2019 and 2018, goodwill was net of accumulated impairment losses of $139.2 million, of which $91.9 million was in Other and $47.3 million was in Markel Ventures.