<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the financial statements contained in the Form 10-Q for the quarterly period ended March 31, 1995 for Markel Corporation and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <DEBT-HELD-FOR-SALE> 489,236 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 116,511 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 689,488 <CASH> 2,493 <RECOVER-REINSURE> 39,289 <DEFERRED-ACQUISITION> 26,917 <TOTAL-ASSETS> 1,196,434 <POLICY-LOSSES> 655,471 <UNEARNED-PREMIUMS> 154,000 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 100,699 <COMMON> 22,948 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 135,327 <TOTAL-LIABILITY-AND-EQUITY> 1,196,434 <PREMIUMS> 65,784 <INVESTMENT-INCOME> 8,368 <INVESTMENT-GAINS> 1,563 <OTHER-INCOME> 810 <BENEFITS> 42,023 <UNDERWRITING-AMORTIZATION> 15,733 <UNDERWRITING-OTHER> 6,872 <INCOME-PRETAX> 8,838 <INCOME-TAX> 2,298 <INCOME-CONTINUING> 6,540 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,540 <EPS-PRIMARY> 1.17 <EPS-DILUTED> 1.17 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0