MARKEL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 24, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| (dollars in thousands) | ||
| ASSETS | ||
| Investments, at estimated fair value: | ||
| Fixed maturity securities, available-for-sale (amortized cost of $16,457,723 in 2024 and $14,932,286 in 2023) | $15,745,539 | $14,372,732 |
| Equity securities (cost of $3,887,820 in 2024 and $3,497,071 in 2023) | 11,784,521 | 9,577,871 |
| Short-term investments, available-for-sale (estimated fair value approximates cost) | 2,524,910 | 2,571,382 |
| Total Investments | 30,054,970 | 26,521,985 |
| Cash and cash equivalents | 3,692,667 | 3,747,060 |
| Restricted cash and cash equivalents | 499,581 | 584,974 |
| Receivables | 3,626,799 | 3,455,306 |
| Reinsurance recoverables | 11,604,844 | 9,235,501 |
| Deferred policy acquisition costs | 875,710 | 931,344 |
| Prepaid reinsurance premiums | 2,947,213 | 2,365,243 |
| Goodwill | 2,735,867 | 2,624,749 |
| Intangible assets | 1,459,620 | 1,588,684 |
| Other assets | 4,400,711 | 3,990,864 |
| Total Assets | $61,897,982 | $55,045,710 |
| LIABILITIES AND EQUITY | ||
| Unpaid losses and loss adjustment expenses | $26,633,094 | $23,483,321 |
| Life and annuity benefits | 583,273 | 649,054 |
| Unearned premiums | 7,063,956 | 6,642,426 |
| Payables to insurance and reinsurance companies | 1,434,901 | 1,037,722 |
| Senior long-term debt and other debt (estimated fair value of $3,791,000 in 2024 and $3,353,000 in 2023) | 4,330,341 | 3,779,796 |
| Other liabilities | 4,383,444 | 3,927,498 |
| Total Liabilities | 44,429,009 | 39,519,817 |
| Redeemable noncontrolling interests | 540,034 | 469,685 |
| Commitments and contingencies | ||
| Shareholders' equity: | ||
| Preferred stock | 591,891 | 591,891 |
| Common stock | 3,560,633 | 3,517,146 |
| Retained earnings | 13,380,456 | 11,353,101 |
| Accumulated other comprehensive loss | (617,082) | (478,210) |
| Total Shareholders' Equity | 16,915,898 | 14,983,928 |
| Noncontrolling interests | 13,041 | 72,280 |
| Total Equity | 16,928,939 | 15,056,208 |
| Total Liabilities and Equity | $61,897,982 | $55,045,710 |
10K - 72
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