<ARTICLE> 7 <LEGEND> This schedule contains summary financial informatin extracted from Old Republic International Corporation's consolidated balance sheet and consolidated state- ment of income and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <DEBT-HELD-FOR-SALE> 2,009 <DEBT-CARRYING-VALUE> 2,249 <DEBT-MARKET-VALUE> 2,306 <EQUITIES> 117 <MORTGAGE> 7 <REAL-ESTATE> 0 <TOTAL-INVEST> 4,720 <CASH> 26 <RECOVER-REINSURE> 27 <DEFERRED-ACQUISITION> 126 <TOTAL-ASSETS> 6,923 <POLICY-LOSSES> 3,713 <UNEARNED-PREMIUMS> 375 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 61 <NOTES-PAYABLE> 142 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <COMMON> 103 <OTHER-SE> 2,049 <TOTAL-LIABILITY-AND-EQUITY> 6,923 <PREMIUMS> 1,464 <INVESTMENT-INCOME> 270 <INVESTMENT-GAINS> 26 <OTHER-INCOME> 200 <BENEFITS> 787 <UNDERWRITING-AMORTIZATION> 214 <UNDERWRITING-OTHER> 534 <INCOME-PRETAX> 426 <INCOME-TAX> 129 <INCOME-CONTINUING> 298 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 298 <EPS-PRIMARY> 2.22 <EPS-DILUTED> 2.10 <RESERVE-OPEN> 1,829 <PROVISION-CURRENT> 713 <PROVISION-PRIOR> (105) <PAYMENTS-CURRENT> 275 <PAYMENTS-PRIOR> 316 <RESERVE-CLOSE> 1,845 <CUMULATIVE-DEFICIENCY> 0