MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q4 2025

Shares 4,504 Value ($000) $10 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 4,256 Value ($000) $8 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 4,445 Value ($000) $9 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 4,502 Value ($000) $8 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 4,800 Value ($000) $8 Avg Close $1659.34 Range $1521.25 - $1809.11

Q3 2024

Shares 4,964 Value ($000) $8 Avg Close $1565.15 Range $1491.03 - $1660.74

Q2 2024

Shares 5,100 Value ($000) $8 Avg Close $1552.86 Range $1417.65 - $1670.24

Q1 2024

Shares 4,485 Value ($000) $7 Avg Close $1466.28 Range $1342.66 - $1534.62

Q4 2023

Shares 4,459 Value ($000) $6 Avg Close $1418.73 Range $1295.65 - $1528.08

Q3 2023

Shares 4,970 Value ($000) $7 Avg Close $1463.82 Range $1345.00 - $1560.00

Q2 2023

Shares 5,058 Value ($000) $7 Avg Close $1340.97 Range $1272.43 - $1400.00

Q1 2023

Shares 4,976 Value ($000) $6 Avg Close $1328.48 Range $1186.56 - $1458.56

Q4 2022

Shares 4,991 Value ($000) $7 Avg Close $1237.05 Range $1085.09 - $1356.37

Q3 2022

Shares 4,921 Value ($000) $5,336 Avg Close $1220.12 Range $1064.09 - $1335.10

Q2 2022

Shares 5,089 Value ($000) $6,595 Avg Close $1372.21 Range $1251.77 - $1519.25

Q1 2022

Shares 4,994 Value ($000) $7,367 Avg Close $1291.81 Range $1180.00 - $1513.00

Q4 2021

Shares 5,277 Value ($000) $6,512 Avg Close $1261.86 Range $1179.00 - $1343.56

Q3 2021

Shares 5,285 Value ($000) $6,316 Avg Close $1232.92 Range $1175.35 - $1288.00

Q2 2021

Shares 5,332 Value ($000) $6,328 Avg Close $1198.75 Range $1138.00 - $1268.96

Q1 2021

Shares 5,358 Value ($000) $6,106 Avg Close $1078.65 Range $942.44 - $1169.50

Q4 2020

Shares 5,306 Value ($000) $5,483 Avg Close $996.82 Range $913.04 - $1073.43

Q3 2020

Shares 6,010 Value ($000) $5,852 Avg Close $1015.77 Range $881.00 - $1124.00

Q2 2020

Shares 6,102 Value ($000) $5,633 Avg Close $908.95 Range $761.06 - $1049.56

Q1 2020

Shares 6,308 Value ($000) $5,853 Avg Close $1143.50 Range $710.52 - $1347.64

Q4 2019

Shares 5,894 Value ($000) $6,738 Avg Close $1138.97 Range $1100.00 - $1216.47

Q3 2019

Shares 5,843 Value ($000) $6,906 Avg Close $1136.16 Range $1065.01 - $1204.45

Q2 2019

Shares 5,701 Value ($000) $6,212 Avg Close $1047.93 Range $970.42 - $1099.00

Q1 2019

Shares 5,806 Value ($000) $5,784 Avg Close $1015.52 Range $950.16 - $1081.00

Q4 2018

Shares 5,868 Value ($000) $6,091 Avg Close $1093.58 Range $954.39 - $1203.43

Q3 2018

Shares 5,713 Value ($000) $6,790 Avg Close $1176.81 Range $1078.02 - $1228.32

Q2 2018

Shares 5,694 Value ($000) $6,174 Avg Close $1129.38 Range $1083.92 - $1180.00

Q1 2018

Shares 5,485 Value ($000) $6,419 Avg Close $1125.56 Range $1049.95 - $1194.98

Q4 2017

Shares 6,054 Value ($000) $6,896 Avg Close $1093.18 Range $1054.20 - $1157.30

Q3 2017

Shares 5,426 Value ($000) $5,795 Avg Close $1034.02 Range $963.79 - $1086.68

Q2 2017

Shares 5,530 Value ($000) $5,397 Avg Close $970.65 Range $936.95 - $996.38

Q1 2017

Shares 5,455 Value ($000) $5,323 Avg Close $945.13 Range $887.40 - $992.00

Q4 2016

Shares 5,616 Value ($000) $5,080 Avg Close $891.63 Range $811.05 - $931.94

Q3 2016

Shares 4,611 Value ($000) $4,283 Avg Close $933.01 Range $909.84 - $961.78

Q2 2016

Shares 10,244 Value ($000) $9,760 Avg Close $931.24 Range $880.01 - $989.18

Q1 2016

Shares 4,928 Value ($000) $4,394 Avg Close $859.54 Range $805.03 - $895.03

Q4 2015

Shares 5,334 Value ($000) $4,712 Avg Close $870.15 Range $791.97 - $937.91

Q3 2015

Shares 5,053 Value ($000) $4,052 Avg Close $846.01 Range $775.00 - $898.08

Q2 2015

Shares 6,817 Value ($000) $5,458,236 Avg Close $777.66 Range $736.96 - $821.00

Q1 2015

Shares 7,117 Value ($000) $5,473 Avg Close $722.91 Range $660.05 - $783.50

Q4 2014

Shares 6,820 Value ($000) $4,656,969 Avg Close $678.17 Range $632.65 - $707.36

Q3 2014

Shares 6,631 Value ($000) $4,218,311 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 6,306 Value ($000) $4,134,466 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 6,114 Value ($000) $3,644,555 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 5,545 Value ($000) $3,218,041 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 5,167 Value ($000) $2,675,318 Avg Close $525.40 Range $506.64 - $549.09

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,504	$10	$2025.92	$1812.24 - $2207.59
Q3 2025	4,256	$8	$1960.42	$1889.91 - $2075.92
Q2 2025	4,445	$9	$1875.20	$1621.89 - $2004.24
Q1 2025	4,502	$8	$1839.75	$1641.51 - $2063.68
Q4 2024	4,800	$8	$1659.34	$1521.25 - $1809.11
Q3 2024	4,964	$8	$1565.15	$1491.03 - $1660.74
Q2 2024	5,100	$8	$1552.86	$1417.65 - $1670.24
Q1 2024	4,485	$7	$1466.28	$1342.66 - $1534.62
Q4 2023	4,459	$6	$1418.73	$1295.65 - $1528.08
Q3 2023	4,970	$7	$1463.82	$1345.00 - $1560.00
Q2 2023	5,058	$7	$1340.97	$1272.43 - $1400.00
Q1 2023	4,976	$6	$1328.48	$1186.56 - $1458.56
Q4 2022	4,991	$7	$1237.05	$1085.09 - $1356.37
Q3 2022	4,921	$5,336	$1220.12	$1064.09 - $1335.10
Q2 2022	5,089	$6,595	$1372.21	$1251.77 - $1519.25
Q1 2022	4,994	$7,367	$1291.81	$1180.00 - $1513.00
Q4 2021	5,277	$6,512	$1261.86	$1179.00 - $1343.56
Q3 2021	5,285	$6,316	$1232.92	$1175.35 - $1288.00
Q2 2021	5,332	$6,328	$1198.75	$1138.00 - $1268.96
Q1 2021	5,358	$6,106	$1078.65	$942.44 - $1169.50
Q4 2020	5,306	$5,483	$996.82	$913.04 - $1073.43
Q3 2020	6,010	$5,852	$1015.77	$881.00 - $1124.00
Q2 2020	6,102	$5,633	$908.95	$761.06 - $1049.56
Q1 2020	6,308	$5,853	$1143.50	$710.52 - $1347.64
Q4 2019	5,894	$6,738	$1138.97	$1100.00 - $1216.47
Q3 2019	5,843	$6,906	$1136.16	$1065.01 - $1204.45
Q2 2019	5,701	$6,212	$1047.93	$970.42 - $1099.00
Q1 2019	5,806	$5,784	$1015.52	$950.16 - $1081.00
Q4 2018	5,868	$6,091	$1093.58	$954.39 - $1203.43
Q3 2018	5,713	$6,790	$1176.81	$1078.02 - $1228.32
Q2 2018	5,694	$6,174	$1129.38	$1083.92 - $1180.00
Q1 2018	5,485	$6,419	$1125.56	$1049.95 - $1194.98
Q4 2017	6,054	$6,896	$1093.18	$1054.20 - $1157.30
Q3 2017	5,426	$5,795	$1034.02	$963.79 - $1086.68
Q2 2017	5,530	$5,397	$970.65	$936.95 - $996.38
Q1 2017	5,455	$5,323	$945.13	$887.40 - $992.00
Q4 2016	5,616	$5,080	$891.63	$811.05 - $931.94
Q3 2016	4,611	$4,283	$933.01	$909.84 - $961.78
Q2 2016	10,244	$9,760	$931.24	$880.01 - $989.18
Q1 2016	4,928	$4,394	$859.54	$805.03 - $895.03
Q4 2015	5,334	$4,712	$870.15	$791.97 - $937.91
Q3 2015	5,053	$4,052	$846.01	$775.00 - $898.08
Q2 2015	6,817	$5,458,236	$777.66	$736.96 - $821.00
Q1 2015	7,117	$5,473	$722.91	$660.05 - $783.50
Q4 2014	6,820	$4,656,969	$678.17	$632.65 - $707.36
Q3 2014	6,631	$4,218,311	$645.09	$623.90 - $666.00
Q2 2014	6,306	$4,134,466	$630.07	$593.76 - $655.75
Q1 2014	6,114	$3,644,555	$569.59	$527.17 - $596.87
Q4 2013	5,545	$3,218,041	$542.65	$511.06 - $582.59
Q3 2013	5,167	$2,675,318	$525.40	$506.64 - $549.09