Products, Services and Other Revenues

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Products, Services and Other Revenues

Products, Services, and Other Revenues

The following tables present revenues from contracts with customers by type, all of which are included in products revenues and services and other revenues, along with a reconciliation to total products revenues and services and other revenues.

	Quarter Ended September 30,
	2024						2023
(dollars in thousands)	Markel Ventures		Other		Total		Markel Ventures		Other		Total
Products	$	605,471	$	—	$	605,471	$	585,707	$	—	$	585,707
Services	611,062		2,241		613,303		595,459		2,904		598,363
Investment management	—		25,858		25,858		—		44,204		44,204
Total revenues from contracts with customers	1,216,533		28,099		1,244,632		1,181,166		47,108		1,228,274
Leasing revenues	45,726		—		45,726		50,994		—		50,994
Program services and other fronting fees	—		47,613		47,613		—		39,499		39,499
Equity method and other investments income (loss)	(6,294)		14,971		8,677		(21)		(5,033)		(5,054)
Other	1,563		(62)		1,501		13,438		—		13,438
Total	$	1,257,528	$	90,621	$	1,348,149	$	1,245,577	$	81,574	$	1,327,151

	Nine Months Ended September 30,
	2024						2023
(dollars in thousands)	Markel Ventures		Other		Total		Markel Ventures		Other		Total
Products	$	2,040,699	$	—	$	2,040,699	$	1,921,773	$	—	$	1,921,773
Services	1,679,671		6,789		1,686,460		1,651,339		7,542		1,658,881
Investment management	—		68,340		68,340		—		76,108		76,108
Total revenues from contracts with customers	3,720,370		75,129		3,795,499		3,573,112		83,650		3,656,762
Leasing revenues	123,514		—		123,514		130,051		—		130,051
Program services and other fronting fees	—		129,861		129,861		—		105,952		105,952
Equity method and other investments income (loss)	292		45,174		45,466		1,087		(13,791)		(12,704)
Disposition gain	—		—		—		—		16,923		16,923
Other	4,067		(80)		3,987		31,079		48		31,127
Total	$	3,848,243	$	250,084	$	4,098,327	$	3,735,329	$	192,782	$	3,928,111

In June 2023, the Company sold one of its licensed insurance subsidiaries, which resulted in a gain of $16.9 million. The gain was included in services and other revenues.

Receivables from contracts with customers were $615.8 million and $616.4 million as of September 30, 2024 and December 31, 2023, respectively.