0000916641-98-000900.txt : 19980814 0000916641-98-000900.hdr.sgml : 19980814 ACCESSION NUMBER: 0000916641-98-000900 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19980630 FILED AS OF DATE: 19980813 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARKEL CORP CENTRAL INDEX KEY: 0000803509 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 540292420 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 001-13051 FILM NUMBER: 98685625 BUSINESS ADDRESS: STREET 1: 4551 COX RD CITY: GLEN ALLEN STATE: VA ZIP: 23060-3382 BUSINESS PHONE: 8047470136 MAIL ADDRESS: STREET 1: P O BOX 2009 CITY: GLEN ALLEN STATE: VA ZIP: 23058-2009 10-Q/A 1 AMENDMENT TO RESTATE PRIOR PERIOD FDS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q/A [ X ] Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 1998 or [ ] Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _____ to _____ Commission File Number 1-13051 MARKEL CORPORATION (Exact name of registrant as specified in its charter) Virginia 54-0292420 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification number) 4551 Cox Road, Glen Allen, Virginia 23060-3382 (Address of principal executive offices) (Zip code) (804) 747-0136 (Registrant's telephone number, including area code) NONE (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ] Number of shares of the registrant's common stock outstanding at July 28, 1998: 5,503,212 1 Markel Corporation Form 10-Q/A Index Page Number PART II. OTHER INFORMATION: Item 6. Exhibits and Reports on Form 8-K 3 2 PART II. OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K (a) Exhibits. The Exhibits to this Report are listed in the Exhibit Index. (b) No reports on Form 8-K were filed during the quarter ended June 30, 1998 3 Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized, this 13th day of August, 1998. Markel Corporation By Darrell D. Martin ------------------------------------- Darrell D. Martin Executive Vice President and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) 4 Exhibit Index Number Description 27.1 Restated Financial Data Schedules for periods in 1997 * 27.2 Restated Financial Data Schedules for periods in 1996 * 27.3 Restated Financial Data Schedules for periods in 1995 * * Filed electronically with the Commission's operational EDGAR system. This amendment is being made to restate prior period Financial Data Schedules to reflect the adoption of Statement of Financial Accounting Standards No. 128. 5 EX-27.1 2 RESTATED FINANCIAL DATA SCHEDULES FOR 1997
7 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 FOR MARKEL CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000 9-MOS 6-MOS 3-MOS DEC-31-1997 DEC-31-1997 DEC-31-1997 SEP-30-1997 JUN-30-1997 MAR-31-1997 1,025,063 982,664 948,881 0 0 0 0 0 0 256,520 237,915 205,173 0 0 0 0 0 0 1,389,101 1,331,525 1,273,937 886 1,183 278 15,652 13,225 10,917 37,427 36,586 36,768 1,843,694 1,792,051 1,732,567 963,985 956,045 937,366 196,218 193,101 190,764 0 0 0 0 0 0 93,153 93,140 99,704 24,606 24,531 24,478 0 0 0 0 0 0 317,418 284,676 247,066 1,843,694 1,792,051 1,732,567 250,453 165,803 81,671 50,944 33,503 16,706 8,117 (160) (578) 1,271 1,027 674 161,469 107,156 52,650 60,675 40,348 19,802 26,265 16,878 8,512 45,393 24,354 11,878 10,893 5,842 3,088 34,500 18,512 8,790 0 0 0 0 0 0 0 0 0 34,500 18,512 8,790 6.29 3.38 1.61 6.10 3.28 1.56 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Markel adopted Statement of Financial Accounting Standards No. 128 "Earnings Per Share" effective December 31, 1997. The Financial Data Schedule tags and refer to Basic EPS and Diluted EPS, respectively, as these terms are set forth in Statement of Financial Accounting Standards No. 128.

EX-27.2 3 RESTATED FINANCIAL DATA SCHEDULES FOR 1996
7 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, 1996 FOR MARKEL CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000 YEAR 9-MOS 6-MOS 3-MOS DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996 SEP-30-1996 JUN-30-1996 MAR-31-1996 885,874 709,070 692,417 725,241 0 0 0 0 0 0 0 0 193,395 175,690 164,713 152,471 0 0 0 0 0 0 0 0 1,130,776 956,417 908,912 914,197 11,054 16,252 20,377 18,699 11,631 11,657 16,900 12,074 37,979 35,336 33,403 32,584 1,605,297 1,388,136 1,354,593 1,319,458 935,582 766,139 751,266 750,685 200,870 187,410 178,821 166,131 0 0 0 0 0 0 0 0 114,691 99,678 99,665 106,702 24,347 23,970 23,199 23,167 0 0 0 0 0 0 0 0 243,988 223,848 209,131 186,399 1,605,297 1,388,136 1,354,593 1,319,458 307,453 225,051 148,190 76,797 51,168 36,500 24,137 12,284 5,013 2,956 2,507 2,974 3,102 2,522 1,828 935 202,378 151,471 100,879 54,552 70,372 54,862 36,204 18,135 34,660 19,730 12,615 6,595 37,000 31,815 20,671 10,554 (9,672) (10,554) (13,229) 2,744 46,672 42,369 33,900 7,810 0 0 0 0 0 0 0 0 0 0 0 0 46,672 42,369 33,900 7,810 8.58 7.80 6.25 1.44 8.30 7.51 5.99 1.38 699,311 0 0 0 226,495 0 0 0 (24,117) 0 0 0 52,158 0 0 0 124,467 0 0 0 725,064 0 0 0 (24,117) 0 0 0 Markel adopted Statement of Financial Accounting Standards No. 128 "Earnings Per Share" effective December 31, 1997. The Financial Data Schedule tags and refer to Basic EPS and Diluted EPS, respectively, as these terms are set forth in Statement of Financial Accounting Standards No. 128.

EX-27.3 4 RESTATED FINANCIAL DATA SCHEDULES FOR 1995
7 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. 1,000 YEAR 9-MOS 6-MOS 3-MOS DEC-31-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995 SEP-30-1995 JUN-30-1995 MAR-31-1995 706,055 660,436 582,741 489,236 0 0 0 0 0 0 0 0 134,346 131,579 124,422 116,511 0 0 0 0 0 0 0 0 908,583 889,314 797,547 689,488 18,315 12,192 12,709 2,493 20,404 16,000 32,660 39,289 32,024 33,612 31,556 26,917 1,314,537 1,311,872 1,242,040 1,196,434 734,409 729,816 702,443 655,471 170,697 178,285 168,334 154,000 0 0 0 0 0 0 0 0 106,689 118,176 117,663 100,699 23,118 23,039 22,963 22,948 0 0 0 0 0 0 0 0 190,324 170,938 156,912 135,327 1,314,537 1,311,872 1,242,040 1,196,434 285,146 209,892 134,233 65,784 42,981 30,530 18,472 8,368 11,952 7,650 4,613 1,563 3,496 2,561 1,772 810 186,655 137,685 88,034 42,023 66,788 48,370 29,862 15,733 29,325 21,884 14,817 6,872 47,927 32,959 20,124 8,838 13,435 9,083 5,232 2,298 34,492 23,876 14,892 6,540 0 0 0 0 0 0 0 0 0 0 0 0 34,492 23,876 14,892 6,540 6.38 4.42 2.76 1.21 6.15 4.26 2.67 1.17 561,866 0 0 0 195,448 0 0 0 (8,793) 0 0 0 42,002 0 0 0 131,251 0 0 0 575,268 0 0 0 (8,793) 0 0 0 Markel adopted Statement of Financial Accounting Standards No. 128 "Earnings Per Share" effective December 31, 1997. The Financial Data Schedule tags and refer to Basic EPS and Diluted EPS, respectively, as these terms are set forth in Statement of Financial Accounting Standards No. 128.