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Goodwill And Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Components Of Goodwill

The following table presents a rollforward of the components of goodwill by reportable segment.

(dollars in thousands)
Insurance
 
Reinsurance
 
Markel Ventures
 
Other(1)
 
Total
January 1, 2018
$
771,821

 
$
122,745

 
$
424,981

 
$
457,917

 
$
1,777,464

Acquisitions (see note 2)
—

 
—

 
73,174

 
474,901

 
548,075

Impairment of goodwill
—

 
—

 
—

 
(91,910
)
 
(91,910
)
Foreign currency movements and other adjustments (2)
(1,637
)
 
—

 
(817
)
 
6,800

 
4,346

December 31, 2018 (3)
$
770,184

 
$
122,745

 
$
497,338

 
$
847,708

 
$
2,237,975

Acquisitions (see note 2)
—

 
—

 
118,878

 
—

 
118,878

Foreign currency movements and other adjustments (2)
1,263

 
—

 
(9,439
)
 
(40,129
)
 
(48,305
)
December 31, 2019 (3)
$
771,447

 
$
122,745

 
$
606,777

 
$
807,579

 
$
2,308,548

(1) 
Amounts included in Other reflect the Company's operations that are not included in a reportable segment.
(2) 
Foreign currency movements and other adjustments includes adjustments to goodwill resulting from changes to the preliminary purchase price allocation, if any, for acquisitions that occurred in the prior year.
(3) 
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.

Components of Net Intangible Assets

The following table presents a rollforward of the components of net intangible assets.

(dollars in thousands)
Underwriting(1)
 
Markel Ventures
 
Other(2)
 
Total
January 1, 2018
$
537,957

 
$
400,589

 
$
417,135

 
$
1,355,681

Acquisitions (see note 2)
1,538

 
85,736

 
521,071

 
608,345

Amortization of intangible assets
(44,464
)
 
(40,208
)
 
(31,258
)
 
(115,930
)
Impairment of intangible assets
(4,431
)
 
(14,904
)
 
(87,953
)
 
(107,288
)
Foreign currency movements and other adjustments (3)
(1,512
)
 
244

 
(13,344
)
 
(14,612
)
December 31, 2018
$
489,088

 
$
431,457

 
$
805,651

 
$
1,726,196

Acquisitions (see note 2)
41,506

 
71,629

 
—

 
113,135

Amortization of intangible assets
(39,667
)
 
(41,973
)
 
(66,998
)
 
(148,638
)
Foreign currency movements and other adjustments (3)
(6,767
)
 
12,009

 
42,539

 
47,781

December 31, 2019
$
484,160

 
$
473,122

 
$
781,192

 
$
1,738,474

(1) 
Amounts included in Underwriting reflect the intangible assets associated with the Company's underwriting segments, which are not allocated between the Insurance and Reinsurance segments.
(2) 
Amounts included in Other reflect the Company's operations that are not included in a reportable segment.
(3) 
Foreign currency movements and other adjustments include adjustments to intangible assets resulting from changes to the preliminary purchase price allocation, if any, for acquisitions that occurred in the prior year.
Components Of Intangible Assets
The following table presents the components of intangible assets.

 
December 31,
 
2019
 
2018
(dollars in thousands)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Gross
Carrying
Amount
 
Accumulated
Amortization
Customer relationships
$
1,021,427

 
$
(267,580
)
 
$
953,739

 
$
(204,261
)
Investment management agreements
468,000

 
(33,345
)
 
441,000

 
—

Broker relationships
206,249

 
(89,234
)
 
204,367

 
(78,559
)
Trade names
208,959

 
(68,961
)
 
193,154

 
(62,827
)
Technology
113,389

 
(60,611
)
 
109,208

 
(47,090
)
Agent relationships
92,000

 
(16,355
)
 
92,000

 
(10,175
)
Insurance licenses
74,635

 
—

 
74,635

 
—

Renewal rights
21,449

 
(19,366
)
 
21,053

 
(18,272
)
Other
151,978

 
(64,160
)
 
107,441

 
(49,217
)
Total
$
2,358,086

 
$
(619,612
)
 
$
2,196,597

 
$
(470,401
)