MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

NFC Investments, LLC's Holding History (CIK: 0001512858)

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

Q3 2014

Shares 1,510 Value ($000) $960 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 1,510 Value ($000) $990 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 1,510 Value ($000) $900 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 1,510 Value ($000) $876 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 1,525 Value ($000) $790 Avg Close $525.40 Range $506.64 - $549.09

Q2 2013

Shares 1,525 Value ($000) $803 Avg Close $523.59 Range $501.76 - $546.94

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	1,510	$960	$645.09	$623.90 - $666.00
Q2 2014	1,510	$990	$630.07	$593.76 - $655.75
Q1 2014	1,510	$900	$569.59	$527.17 - $596.87
Q4 2013	1,510	$876	$542.65	$511.06 - $582.59
Q3 2013	1,525	$790	$525.40	$506.64 - $549.09
Q2 2013	1,525	$803	$523.59	$501.76 - $546.94