MARKEL GROUP INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
MKL$1,974.45+1.2%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets—December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (dollars in thousands) | ||
| ASSETS | ||
| Investments, at estimated fair value: | ||
| Fixed maturity securities, available-for-sale (amortized cost of $14,932,286 in 2023 and $12,805,887 in 2022) | $14,372,732 | $11,856,835 |
| Equity securities (cost of $3,497,071 in 2023 and $3,100,040 in 2022) | 9,577,871 | 7,671,912 |
| Short-term investments, available-for-sale (estimated fair value approximates cost) | 2,571,382 | 2,669,262 |
| Total Investments | 26,521,985 | 22,198,009 |
| Cash and cash equivalents | 3,747,060 | 4,137,432 |
| Restricted cash and cash equivalents | 584,974 | 1,084,081 |
| Receivables | 3,455,306 | 2,961,056 |
| Reinsurance recoverables | 9,235,501 | 8,446,745 |
| Deferred policy acquisition costs | 931,344 | 925,483 |
| Prepaid reinsurance premiums | 2,365,243 | 2,066,114 |
| Goodwill | 2,624,749 | 2,638,838 |
| Intangible assets | 1,588,684 | 1,747,464 |
| Other assets | 3,990,864 | 3,586,037 |
| Total Assets | $55,045,710 | $49,791,259 |
| LIABILITIES AND EQUITY | ||
| Unpaid losses and loss adjustment expenses | $23,483,321 | $20,947,898 |
| Life and annuity benefits | 649,054 | 650,721 |
| Unearned premiums | 6,642,426 | 6,220,748 |
| Payables to insurance and reinsurance companies | 1,037,722 | 669,742 |
| Senior long-term debt and other debt (estimated fair value of $3,353,000 in 2023 and $3,541,000 in 2022) | 3,779,796 | 4,103,629 |
| Other liabilities | 3,927,498 | 3,461,482 |
| Total Liabilities | 39,519,817 | 36,054,220 |
| Redeemable noncontrolling interests | 469,685 | 523,154 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Preferred stock | 591,891 | 591,891 |
| Common stock | 3,517,146 | 3,493,893 |
| Retained earnings | 11,353,101 | 9,832,804 |
| Accumulated other comprehensive loss | (478,210) | (767,494) |
| Total Shareholders' Equity | 14,983,928 | 13,151,094 |
| Noncontrolling interests | 72,280 | 62,791 |
| Total Equity | 15,056,208 | 13,213,885 |
| Total Liabilities and Equity | $55,045,710 | $49,791,259 |
10K - 75
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