Markel corporation (MKL)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Debt Securities, Available-for-sale

10,123

9,970

10,204

11,642

10,162

10,043

9,952

10,134

9,904

9,940

9,919

10,053

10,006

9,891

10,318

10,399

10,152

9,394

9,353

9,523

9,971

10,422

10,474

10,293

10,236

10,142

10,312

10,678

4,809

4,979

5,280

5,326

5,507

5,538

5,576

5,479

5,394

5,431

5,515

5,427

5,112

Available-for-sale Securities, Equity Securities

-

-

-

-

-

-

0

0

0

5,967

5,709

5,340

5,038

4,745

4,510

4,395

4,316

4,074

4,156

4,375

4,340

4,137

3,706

3,666

3,399

3,251

2,988

2,810

2,708

2,406

2,341

2,180

2,166

1,873

1,609

1,837

1,782

1,721

1,586

1,404

1,349

Equity Securities, FV-NI

5,684

7,590

6,978

6,875

6,381

5,720

6,549

6,069

5,903

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Short-term Investments

250

1,196

1,545

-

754

1,077

1,918

1,947

2,037

2,160

1,995

1,704

2,178

2,336

1,989

1,995

1,324

1,642

2,323

2,185

1,731

1,594

1,686

1,749

1,348

1,452

1,159

995

1,380

973

729

465

463

541

491

600

434

325

319

360

492

Investments in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

43

Investments

16,058

18,757

18,728

18,518

17,297

16,841

18,420

18,150

17,845

18,069

17,624

17,098

17,223

16,973

16,818

16,790

15,793

15,111

15,834

16,083

16,044

16,155

15,868

15,708

14,984

14,846

14,461

14,484

8,898

8,359

8,350

7,972

8,138

7,953

7,677

7,917

7,611

7,478

7,422

7,192

6,998

Cash and cash equivalents

3,834

3,072

2,715

2,220

2,415

2,014

2,347

1,945

2,048

2,198

2,076

2,315

1,852

1,738

2,156

2,007

2,284

2,630

2,261

1,852

1,958

1,960

1,765

1,944

2,151

1,978

2,115

1,702

899

863

834

837

691

775

920

767

649

745

817

686

850

Restricted cash and cash equivalents

623

427

484

420

348

382

279

299

392

302

279

271

261

346

383

353

454

440

371

522

550

522

583

582

634

786

600

396

-

109

-

-

-

-

-

-

-

-

-

-

-

Premiums and Other Receivables, Net

2,088

1,847

1,930

2,191

1,959

1,692

1,817

1,944

1,749

1,567

1,588

1,589

1,429

1,282

1,312

1,427

1,405

1,113

1,249

1,329

1,193

1,135

1,289

1,516

1,403

1,141

1,253

1,416

511

413

446

476

459

350

364

422

388

318

340

332

279

Reinsurance recoverables

5,439

5,432

5,372

5,372

5,292

5,221

-

-

-

4,745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance recoverable on unpaid losses

-

-

-

-

-

-

4,836

4,739

4,650

-

2,466

2,007

1,949

2,006

2,041

2,038

2,046

2,016

1,973

2,031

1,949

1,868

1,897

1,902

1,869

1,854

1,910

1,876

721

778

748

765

786

791

803

809

818

798

865

874

886

Reinsurance recoverable on paid losses

-

-

-

-

-

-

137

90

108

-

72

53

60

64

62

57

78

50

85

75

113

102

103

85

78

102

105

141

52

51

42

43

45

38

44

45

54

70

49

61

65

Deferred policy acquisition costs

630

566

570

554

541

474

518

508

513

465

506

489

470

392

409

415

400

352

379

380

369

353

375

388

334

260

260

225

178

157

167

174

181

194

206

203

199

188

179

172

156

Prepaid reinsurance premiums

1,260

1,415

1,508

1,459

1,334

1,331

1,361

1,266

1,166

1,099

352

344

332

299

354

362

343

322

367

375

365

365

404

415

379

383

437

426

114

110

114

112

101

97

102

95

88

80

80

72

68

Goodwill

2,309

2,308

2,187

2,189

2,215

2,237

1,783

1,784

1,789

1,777

1,425

1,216

1,142

1,142

1,165

1,167

1,171

1,167

1,043

1,044

1,039

1,049

1,067

1,022

1,019

967

1,008

1,041

-

674

-

-

-

-

-

-

-

-

-

-

-

Intangible assets

1,692

1,738

1,659

1,695

1,712

1,726

1,241

1,269

1,317

1,355

990

806

711

722

733

753

775

792

652

669

680

702

727

677

687

565

560

576

-

374

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,074

-

997

991

967

867

769

767

776

641

501

501

502

Other assets

2,110

1,906

1,879

1,798

1,619

1,383

1,214

1,247

1,283

1,223

1,136

1,010

965

904

965

959

932

941

961

1,000

987

985

994

921

909

1,067

1,096

1,210

666

663

680

592

486

465

483

435

455

503

324

430

433

Assets

36,048

37,473

37,036

36,421

34,736

33,306

33,958

33,247

32,866

32,805

28,519

27,203

26,400

25,875

26,403

26,335

25,685

24,939

25,181

25,366

25,253

25,200

25,076

25,166

24,452

23,955

23,808

23,499

13,117

12,556

12,383

11,965

11,859

11,532

11,371

11,464

11,041

10,825

10,581

10,324

10,241

Liabilities and Equity [Abstract]
Liability for Claims and Claims Adjustment Expense

15,038

14,728

14,437

14,335

14,332

14,276

13,888

13,628

13,641

13,584

11,443

10,312

10,139

10,115

10,258

10,199

10,257

10,251

10,388

10,478

10,280

10,404

10,509

10,573

10,369

10,262

10,172

10,012

5,286

5,371

5,306

5,273

5,357

5,398

5,463

5,505

5,477

5,398

5,358

5,327

5,427

Life and annuity benefits

975

985

1,021

1,032

1,011

1,001

1,028

1,033

1,093

1,072

1,108

1,061

1,038

1,049

1,155

1,152

1,149

1,123

1,159

1,164

1,189

1,305

1,358

1,447

1,483

1,486

1,482

1,456

-

0

-

-

-

-

-

-

-

-

-

-

-

Unearned premiums

4,190

4,057

4,224

4,116

3,892

3,611

3,816

3,695

3,574

3,308

2,750

2,712

2,576

2,263

2,474

2,529

2,417

2,166

2,377

2,413

2,316

2,245

2,455

2,563

2,364

2,127

2,307

2,332

1,094

1,000

1,053

1,036

975

915

969

956

908

839

833

785

717

Payables to insurance and reinsurance companies

280

406

408

485

368

337

453

422

382

324

230

259

242

231

256

260

298

224

318

316

286

276

359

371

355

295

385

422

134

103

100

139

127

64

83

89

87

50

72

66

46

Senior long-term debt and other debt (estimated fair value of $3,587,000 in 2020 and $3,907,000 in 2019)

3,593

3,534

3,896

3,625

3,058

3,009

2,993

3,024

3,048

3,099

2,471

2,485

2,581

2,574

2,589

2,602

2,299

2,239

2,240

2,246

2,249

2,253

2,273

2,258

2,255

2,256

2,250

2,249

1,732

1,492

1,510

1,309

1,305

1,293

1,271

1,268

1,027

1,015

996

1,003

963

Other liabilities

2,082

2,504

2,247

2,261

2,106

1,796

1,839

1,809

1,649

1,748

1,455

1,332

1,082

1,099

1,064

1,078

947

1,030

942

944

999

1,051

878

744

663

777

675

625

640

613

519

463

416

397

305

296

276

333

245

275

294

Total Liabilities

26,161

26,217

26,235

25,857

24,770

24,031

24,019

23,613

23,389

23,137

19,459

18,164

17,661

17,334

17,798

17,823

17,370

17,035

17,427

17,564

17,320

17,537

17,835

17,959

17,491

17,205

17,274

17,099

8,887

8,581

8,489

8,222

8,183

8,069

8,093

8,116

7,778

7,637

7,506

7,458

7,450

Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount

155

177

165

151

148

174

158

155

155

166

153

86

87

73

70

66

67

62

50

51

55

61

57

55

52

72

71

74

74

86

87

87

-

74

-

-

-

-

-

-

-

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Shareholders' equity:
Common stock

3,419

3,404

3,402

3,400

3,395

3,392

3,392

3,387

3,383

3,381

3,379

3,376

3,376

3,368

3,365

3,360

3,354

3,342

3,335

3,327

3,320

3,308

3,302

3,297

3,302

3,288

3,277

3,269

911

908

905

904

902

891

890

888

886

884

872

871

872

Retained earnings

6,039

7,457

6,988

6,808

6,338

5,782

6,576

6,184

5,927

3,776

3,378

3,666

3,557

3,526

3,433

3,355

3,293

3,137

2,942

2,843

2,753

2,581

2,468

2,402

2,365

2,294

2,197

2,148

2,160

2,068

2,009

1,957

1,890

1,835

1,794

1,761

1,744

1,735

1,598

1,553

1,514

Accumulated Other Comprehensive Income (Loss), Net of Tax

261

208

231

187

61

-94

-184

-90

12

2,345

2,151

1,911

1,719

1,565

1,727

1,722

1,591

1,354

1,417

1,571

1,795

1,704

1,403

1,442

1,232

1,089

982

903

1,080

911

891

793

809

660

527

633

567

551

586

424

387

Total Shareholders' Equity

9,720

11,070

10,623

10,396

9,795

9,080

9,783

9,480

9,324

9,504

8,908

8,954

8,653

8,460

8,527

8,438

8,239

7,834

7,695

7,741

7,869

7,594

7,175

7,143

6,900

6,673

6,457

6,320

4,151

3,888

3,806

3,655

3,602

3,387

3,212

3,282

3,198

3,171

3,058

2,849

2,774

Noncontrolling interests

11

7

11

16

22

19

-3

-3

-3

-2

-2

-1

-1

6

6

7

7

6

8

8

7

7

8

8

8

4

4

4

4

0

-0

0

73

0

65

65

64

16

16

16

17

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

9,732

11,078

10,634

10,413

9,818

9,100

9,780

9,477

9,321

9,501

8,906

8,952

8,651

8,467

8,534

8,445

8,246

7,840

7,703

7,749

7,877

7,602

7,183

7,151

6,908

6,678

6,462

6,325

4,156

3,889

3,805

3,655

3,675

3,388

3,278

3,348

3,263

3,187

3,074

2,866

2,791

Total Liabilities and Equity

36,048

37,473

37,036

36,421

34,736

33,306

33,958

33,247

32,866

32,805

28,519

27,203

26,400

25,875

26,403

26,335

25,685

24,939

25,181

25,366

25,253

25,200

25,076

25,166

24,452

23,955

23,808

23,499

13,117

12,556

12,383

11,965

11,859

11,532

11,371

11,464

11,041

10,825

10,581

10,324

10,241

Fixed Maturities [Member]
Fixed maturities, available-for-sale (amortized cost of $9,751,683 in 2019 and $9,950,773 in 2018)

-

-

-

10,258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term Investments [Member]
Fixed maturities, available-for-sale (amortized cost of $9,751,683 in 2019 and $9,950,773 in 2018)

-

-

-

1,383

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-