<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS CONTAINED IN THE FORM 10-Q FOR EACH QUARTERLY PERIOD ENDED AS SHOWN AND THE FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1995 FOR MARKEL CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR 9-MOS 6-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995 <PERIOD-END> DEC-31-1995 SEP-30-1995 JUN-30-1995 MAR-31-1995 <DEBT-HELD-FOR-SALE> 706,055 660,436 582,741 489,236 <DEBT-CARRYING-VALUE> 0 0 0 0 <DEBT-MARKET-VALUE> 0 0 0 0 <EQUITIES> 134,346 131,579 124,422 116,511 <MORTGAGE> 0 0 0 0 <REAL-ESTATE> 0 0 0 0 <TOTAL-INVEST> 908,583 889,314 797,547 689,488 <CASH> 18,315 12,192 12,709 2,493 <RECOVER-REINSURE> 20,404 16,000 32,660 39,289 <DEFERRED-ACQUISITION> 32,024 33,612 31,556 26,917 <TOTAL-ASSETS> 1,314,537 1,311,872 1,242,040 1,196,434 <POLICY-LOSSES> 734,409 729,816 702,443 655,471 <UNEARNED-PREMIUMS> 170,697 178,285 168,334 154,000 <POLICY-OTHER> 0 0 0 0 <POLICY-HOLDER-FUNDS> 0 0 0 0 <NOTES-PAYABLE> 106,689 118,176 117,663 100,699 <COMMON> 23,118 23,039 22,963 22,948 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 0 0 0 0 <OTHER-SE> 190,324 170,938 156,912 135,327 <TOTAL-LIABILITY-AND-EQUITY> 1,314,537 1,311,872 1,242,040 1,196,434 <PREMIUMS> 285,146 209,892 134,233 65,784 <INVESTMENT-INCOME> 42,981 30,530 18,472 8,368 <INVESTMENT-GAINS> 11,952 7,650 4,613 1,563 <OTHER-INCOME> 3,496 2,561 1,772 810 <BENEFITS> 186,655 137,685 88,034 42,023 <UNDERWRITING-AMORTIZATION> 66,788 48,370 29,862 15,733 <UNDERWRITING-OTHER> 29,325 21,884 14,817 6,872 <INCOME-PRETAX> 47,927 32,959 20,124 8,838 <INCOME-TAX> 13,435 9,083 5,232 2,298 <INCOME-CONTINUING> 34,492 23,876 14,892 6,540 <DISCONTINUED> 0 0 0 0 <EXTRAORDINARY> 0 0 0 0 <CHANGES> 0 0 0 0 <NET-INCOME> 34,492 23,876 14,892 6,540 <EPS-PRIMARY> 6.38 4.42 2.76 1.21<F1> <EPS-DILUTED> 6.15 4.26 2.67 1.17<F1> <RESERVE-OPEN> 561,866 0 0 0 <PROVISION-CURRENT> 195,448 0 0 0 <PROVISION-PRIOR> (8,793) 0 0 0 <PAYMENTS-CURRENT> 42,002 0 0 0 <PAYMENTS-PRIOR> 131,251 0 0 0 <RESERVE-CLOSE> 575,268 0 0 0 <CUMULATIVE-DEFICIENCY> (8,793) 0 0 0 <FN> Markel adopted Statement of Financial Accounting Standards No. 128 "Earnings Per Share" effective December 31, 1997. The Financial Data Schedule tags <EPS PRIMARY> and <EPS DILUTED> refer to Basic EPS and Diluted EPS, respectively, as these terms are set forth in Statement of Financial Accounting Standards No. 128. </FN>