MARKEL GROUP INC. — Director's Dealing 2012

Jan 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARKEL CORP (MKL)
CIK: 0001096343
Period of Report: 2012-01-06

Reporting Person: Crouch Nora N (Controller and CAO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	592.2033	Direct
Common Stock	240.194	Indirect

Footnotes

F1: The total includes 175 restricted stock units awarded pursuant to the Markel Corporation Omnibus Incentive Plan, which units will vest on December 31, 2015.

F2: This Form 4 is filed to update year-end 401(K) Plan holdings.

F3: Holdings under the Markel Corporation 401(K) Plan are reported in units. The information reported herein is based on a plan statement dated as of December 30, 2011 and utilizes the closing stock price on that date of $414.67. As of December 30, 2011, a unit under the Plan represented one share of Common Stock.