MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

Advisory Alpha, LLC's Holding History (CIK: 0001576762)

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

Q1 2020

Shares 22 Value ($000) $19,391 Avg Close $1143.50 Range $710.52 - $1347.64

Q4 2019

Shares 27 Value ($000) $31,568 Avg Close $1138.97 Range $1100.00 - $1216.47

Q3 2019

Shares 27 Value ($000) $30,960 Avg Close $1136.16 Range $1065.01 - $1204.45

Q1 2019

Shares 27 Value ($000) $28,184 Avg Close $1015.52 Range $950.16 - $1081.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	22	$19,391	$1143.50	$710.52 - $1347.64
Q4 2019	27	$31,568	$1138.97	$1100.00 - $1216.47
Q3 2019	27	$30,960	$1136.16	$1065.01 - $1204.45
Q1 2019	27	$28,184	$1015.52	$950.16 - $1081.00