MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 32,594 Value ($000) $22,256 Avg Close $678.17 Range $632.65 - $707.36

Q3 2014

Shares 32,594 Value ($000) $20,735 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 32,594 Value ($000) $21,370 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 32,594 Value ($000) $19,429 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 32,594 Value ($000) $18,916 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 32,594 Value ($000) $16,876 Avg Close $525.40 Range $506.64 - $549.09

Q2 2013

Shares 32,594 Value ($000) $17,175 Avg Close $523.59 Range $501.76 - $546.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	32,594	$22,256	$678.17	$632.65 - $707.36
Q3 2014	32,594	$20,735	$645.09	$623.90 - $666.00
Q2 2014	32,594	$21,370	$630.07	$593.76 - $655.75
Q1 2014	32,594	$19,429	$569.59	$527.17 - $596.87
Q4 2013	32,594	$18,916	$542.65	$511.06 - $582.59
Q3 2013	32,594	$16,876	$525.40	$506.64 - $549.09
Q2 2013	32,594	$17,175	$523.59	$501.76 - $546.94