<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS CONTAINED IN THE FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1999 FOR MARKEL CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <DEBT-HELD-FOR-SALE> 1,177,151 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 304,241 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,623,139 <CASH> 1,813 <RECOVER-REINSURE> 43,131 <DEFERRED-ACQUISITION> 50,800 <TOTAL-ASSETS> 2,455,305 <POLICY-LOSSES> 1,343,616 <UNEARNED-PREMIUMS> 276,910 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 167,984 <PREFERRED-MANDATORY> 0<F1> <PREFERRED> 0 <COMMON> 25,625 <OTHER-SE> 357,794 <TOTAL-LIABILITY-AND-EQUITY> 2,455,305 <PREMIUMS> 437,196 <INVESTMENT-INCOME> 87,681 <INVESTMENT-GAINS> (897) <OTHER-INCOME> 341 <BENEFITS> 283,630 <UNDERWRITING-AMORTIZATION> 81,386 <UNDERWRITING-OTHER> 43,455 <INCOME-PRETAX> 53,440 <INCOME-TAX> 12,826 <INCOME-CONTINUING> 40,614 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 40,614 <EPS-BASIC> 7.27<F2> <EPS-DILUTED> 7.20<F2> <RESERVE-OPEN> 995,650 <PROVISION-CURRENT> 332,122<F2> <PROVISION-PRIOR> (38,492)<F2> <PAYMENTS-CURRENT> 65,723<F2> <PAYMENTS-PRIOR> 248,679<F2> <RESERVE-CLOSE> 964,878<F2> <CUMULATIVE-DEFICIENCY> (38,492)<F2> <FN> <F1>DOES NOT INCLUDE COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED CAPITAL SECURITIES OF SUBSIDIARY TRUST HOLDING SOLELY JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES OF MARKEL CORPORATION. <F2>AVAILABLE ON AN ANNUAL BASIS ONLY. </FN>