13F-HR 1 d13fhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter: September 30, 2002 ----------------- Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Markel Gayner Asset Management Corporation Address: 4521 Highwoods Pkwy Glen Allen, VA 23060 Form 13F File Number: 28-6056 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Thomas S. Gayner Title: President Phone: 804-527-3806 Signature, Place, and Date of Signing: Thomas S. Gayner Richmond, VA 11/13/02 ---------------------- ---------------------- -------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) 1 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 ----------------- Form 13F Information Table Entry Total: 110 ----------------- Form 13F Information Table Value Total: $562926 ----------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name -- -------------------- ----- 1 28-6647 Markel Corporation 2 28-6745 Evanston Insurance Company Markel Gayner Asset Management Corporation FORM 13F September 30, 2002

Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other -------------------- Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------- Abbott Laboratories COM 002824100 1499 37100 SH Other 1 37100 Ace Limited COM G0070K103 4480 151300 SH Other 1 151300 Allied Capital Corp. COM 019033109 2408 110000 SH Other 1,2 110000 5236 239200 SH Other 1 239200 Aluminum Company of America COM 022249106 3124 161880 SH Other 1,2 161880 1884 97602 SH Other 1 97602 American Express COM 025816109 4272 137000 SH Other 1,2 137000 6975 223700 SH Other 1 223700 Anheuser Busch COM 035229103 17820 352175 SH Other 1,2 352175 20853 412105 SH Other 1 412105 Automatic Data Processing COM 019411107 1422 40906 SH Other 1 40906 Bank One COM 06423A103 748 20000 SH Other 1 20000 Bank of New York COM 064057102 1724 60000 SH Other 1,2 60000 4400 153100 SH Other 1 153100 Berkshire Hathaway Class B COM 084670207 12880 5225 SH Other 1,2 5225 57227 23216 SH Other 1 23216 Berkshire Hathaway, Inc. COM 10382K102 10715 145 SH Other 1,2 145 6725 91 SH Other 1 91 Bristol Myers Squibb COM 110122108 4036 169600 SH Other 1 169600 British Petroleum COM 055622104 202 5059 SH Other 1 5059 Brown Forman Class A COM 115637100 784 11500 SH Other 1,2 11500 9195 134930 SH Other 1 134930 Carmax COM 172737306 8803 548500 SH Other 1,2 548500 9656 601617 SH Other 1 601617 Cedar Fair LP COM 150185106 582 24900 SH Other 1 24900 Centerpoint Property Trust COM 151895109 13620 245400 SH Other 1,2 245400 16656 300100 SH Other 1 300100 Cincinnati Financial COM 172062101 5693 160000 SH Other 1,2 160000 13796 387735 SH Other 1 387735 Circuit City COM 172737108 5886 388500 SH Other 1 388500 Claire's Stores COM 179584107 545 25000 SH Other 1,2 25000 4467 204900 SH Other 1 204900 Clayton Homes COM 184190106 274 25000 SH Other 1,2 25000 17886 1628925 SH Other 1 1628925 Coca Cola Co. COM 191216100 259 5400 SH Other 1 5400 Corus Bankshares COM 220873103 438 10000 SH Other 1,2 10000 438 10000 SH Other 1 10000 Costco COM 22160K105 2428 75000 SH Other 1,2 75000 1295 40000 SH Other 1 40000 Cox Communications COM 224044107 248 10100 SH Other 1 10100 Diageo PLC COM 25243Q205 9732 195000 SH Other 1,2 195000 11906 238545 SH Other 1 238545 Exxon Corporation COM 302290101 319 10000 SH Other 1,2 10000 2676 83872 SH Other 1 83872 Family Golf Centers Inc. COM 30701A106 0 60000 SH Other 1,2 60000 0 100000 SH Other 1 100000 Fairfax Financial Holdings COM 303901102 2241 30000 SH Other 1,2 30000 Ltd. Gannett Company COM 364730101 1600 22167 SH Other 1 22167 General Electric COM 369604103 415 16850 SH Other 1 16850 Golden West Financial COM 381317106 1402 22550 SH Other 1 22550 HCC Corporation COM 404132102 14406 600000 SH Other 1,2 600000 6255 260500 SH Other 1 260500 Harrah's Entertainment COM 413619107 482 10000 SH Other 1,2 10000 7786 161500 SH Other 1 161500 Household International COM 441815107 283 10000 SH Other 1,2 10000 1390 49100 SH Other 1 49100 International Speedway COM 460335201 902 22700 SH Other 1,2 22700 6674 168000 SH Other 1 168000 Interpublic Group COM 460690100 1078 68000 SH Other 1,2 68000 3965 250200 SH Other 1 250200 Investors Title Company COM 461804106 749 42200 SH Other 1,2 42200 3498 196950 SH Other 1 196950 Johnson and Johnson COM 478160104 1471 27200 SH Other 1 27200 Kaneb Services COM 484173109 7986 390500 SH Other 1 390500 Lamar Communications COM 512815101 303 10000 SH Other 1 10000 MBIA Inc. COM 55262C100 1198 30000 SH Other 1,2 30000 6844 171300 SH Other 1 171300 Marriott International COM 571903202 2557 88200 SH Other 1 88200 Marsh & McLennan COM 571748102 1374 33000 SH Other 1 33000 Martin Marietta Materials COM 573284106 1384 42500 SH Other 1,2 42500 15395 472680 SH Other 1 472680 Merck COM 58155Q103 3251 71125 SH Other 1 71125

Markel Gayner Asset Management Corporation FORM 13F September 30, 2002

Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other -------------------- Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ----------------------------------------------------------------------------------------------------------------------------- Nike COM 654106103 1295 30000 SH Other 1 30000 Penn National Gaming COM 707569109 1171 62000 SH Other 1,2 62000 2934 155400 SH Other 1 155400 Pepsico COM 713448108 1260 34100 SH Other 1 34100 Pfizer Inc COM 717081103 268 9250 SH Other 1 9250 Philip Morris, Inc. COM 718154107 4602 118600 SH Other 1 118600 Plum Creek Lumber COM 729237107 355 15687 SH Other 1 15687 RLI Corporation COM 749607107 2485 46312 SH Other 1,2 46312 14935 278370 SH Other 1 278370 Schering Plough COM 806605101 320 15000 SH Other 1,2 15000 1488 69800 SH Other 1 69800 ServiceMaster COM 817615107 1682 155000 SH Other 1,2 155000 3587 330643 SH Other 1 330643 Smithfield Foods COM 832248108 1349 85900 SH Other 1 85900 State Street Corp COM 857477103 386 10000 SH Other 1,2 10000 789 20400 SH Other 1 20400 Tiffany COM 886547108 536 25000 SH Other 1,2 25000 United Mobile Homes COM 911024107 172 13000 SH Other 1 13000 United Parcel Service COM 911312106 625 10000 SH Other 1,2 10000 3696 59100 SH Other 1 59100 Valley National Bank COM 919794107 554 20808 SH Other 1,2 20808 1119 42097 SH Other 1 42097 Vulcan Materials COM 929160109 940 26000 SH Other 1,2 26000 3196 88380 SH Other 1 88380 Walt Disney Company COM 254687106 908 60000 SH Other 1,2 60000 4002 264305 SH Other 1 264305 Washington Post Co COM 939640108 2288 3525 SH Other 1 3525 Washington Real Estate Investm COM 939653101 2424 95500 SH Other 1,2 95500 10530 414900 SH Other 1 414900 Waste Management COM 94106l109 583 25000 SH Other 1,2 25000 5388 231036 SH Other 1 231036 Wellington Underwriting PLC COM G9529T02 298 275000 SH Other 1 275000 White Mountains COM G9618E107 88 300 SH Other 1,2 300 40862 145000 SH Other 1 145000 Wyeth Inc. COM 026609107 1021 32120 SH Other 1 32120 XL Capital COM G3242A102 26398 359160 SH Other 1,2 359160 17213 234189 SH Other 1 234189 Zimmer Holdings Inc. COM 98956P102 78 2030 SH Other 1 2030 REPORT SUMMARY 110 DATA RECORDS $562926 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter: September 30, 2002 ----------------- Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Evanston Insurance Company Address: Ten Parkway North Deerfield, IL 60015 Form 13F File Number: 28-6745 -------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Anne Waleski Title: Assistant Treasurer Phone: 804-747-0136 Signature, Place, and Date of Signing: Anne Waleski Richmond, VA 11/13/02 ------------------- ----------------------- --------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [X] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F File Number Name -------------------- ---- 28-6056 Markel Gayner Asset Management Corporation UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter: September 30, 2002 ------------------ Check here if Amendment [ ]; Amendment Number: ____ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Markel Corporation Address: 4521 Highwoods Pkwy Glen Allen, VA 23060 Form 13F File Number: 28-6647 -------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Thomas S. Gayner Title: Chief Investment Officer Phone: 804-527-3806 Signature, Place, and Date of Signing: Thomas S. Gayner Richmond, VA 11/13/02 --------------------- ---------------------- ---------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [X] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F File Number Name -------------------- ---- 28-6056 Markel Gayner Asset Management Corporation