v3.25.2
Unpaid Losses And Loss Adjustment Expenses (Tables)
 6 Months Ended
Jun. 30, 2025
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]  
Reconciliation Of Consolidated Reserves For Losses And Loss Adjustment Expenses
The following table presents a reconciliation of consolidated beginning and ending reserves for losses and loss adjustment expenses.

Six Months Ended June 30,
(dollars in thousands)20252024
Gross reserves for losses and loss adjustment expenses, beginning of year$26,633,094 $23,483,321 
Reinsurance recoverables on unpaid losses, beginning of year11,120,367 8,820,567 
Net reserves for losses and loss adjustment expenses, beginning of year15,512,727 14,662,754 
Effect of foreign currency rate changes on beginning of year balance183,407 (41,045)
Adjusted net reserves for losses and loss adjustment expenses, beginning of year15,696,134 14,621,709 
Incurred losses and loss adjustment expenses:
Current accident year2,771,538 2,741,620 
Prior accident years(228,839)(221,298)
Total incurred losses and loss adjustment expenses2,542,699 2,520,322 
Payments:
Current accident year211,521 196,079 
Prior accident years1,856,906 1,639,765 
Total payments2,068,427 1,835,844 
Effect of foreign currency rate changes on current year activity824 (1,272)
Change in net reserves for losses and loss adjustment expenses of Markel CATCo Re
(2,005)(25,726)
Net reserves for losses and loss adjustment expenses, end of period16,169,225 15,279,189 
Reinsurance recoverables on unpaid losses12,346,166 9,367,429 
Gross reserves for losses and loss adjustment expenses, end of period$28,515,391 $24,646,618