<ARTICLE> 7 <CIK> 0000024011 <NAME> CONTINENTAL INSURANCE <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <DEBT-HELD-FOR-SALE> 6,068,500,000 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 728,900,000 <MORTGAGE> 92,900,000 <REAL-ESTATE> 9,200,000 <TOTAL-INVEST> 7,778,600,000 <CASH> 92,900,000 <RECOVER-REINSURE> 327,800,000 <DEFERRED-ACQUISITION> 476,300,000 <TOTAL-ASSETS> 15,881,400,000 <POLICY-LOSSES> 9,606,300,000 <UNEARNED-PREMIUMS> 2,514,000,000 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 968,400,000 <COMMON> 65,700,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 300,000 <OTHER-SE> 1,309,500,000 <TOTAL-LIABILITY-AND-EQUITY> 15,881,400,000 <PREMIUMS> 3,348,900,000 <INVESTMENT-INCOME> 373,000,000 <INVESTMENT-GAINS> 21,400,000 <OTHER-INCOME> 72,200,000 <BENEFITS> 3,209,700,000 <UNDERWRITING-AMORTIZATION> 17,700,000 <UNDERWRITING-OTHER> 1,080,200,000 <INCOME-PRETAX> (660,500,000) <INCOME-TAX> (257,600,000) <INCOME-CONTINUING> (402,900,000) <DISCONTINUED> 39,500,000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (363,400,000) <EPS-PRIMARY> (6.56) <EPS-DILUTED> (6.55) <RESERVE-OPEN> 6,092,400,000 <PROVISION-CURRENT> 3,120,700,000 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 2,637,200,000 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 6,575,900,000 <CUMULATIVE-DEFICIENCY> 0