<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. This schedule has been restated to reflect the adoption of FAS 128. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <DEBT-HELD-FOR-SALE> 2,004 <DEBT-CARRYING-VALUE> 1,901 <DEBT-MARKET-VALUE> 1,905 <EQUITIES> 113 <MORTGAGE> 9 <REAL-ESTATE> 0 <TOTAL-INVEST> 4,312 <CASH> 42 <RECOVER-REINSURE> 27 <DEFERRED-ACQUISITION> 111 <TOTAL-ASSETS> 6,605 <POLICY-LOSSES> 3,742 <UNEARNED-PREMIUMS> 394 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 66 <NOTES-PAYABLE> 118 <PREFERRED-MANDATORY> 19 <PREFERRED> 56 <COMMON> 95 <OTHER-SE> 1,734 <TOTAL-LIABILITY-AND-EQUITY> 6,605 <PREMIUMS> 1,004 <INVESTMENT-INCOME> 194 <INVESTMENT-GAINS> 13 <OTHER-INCOME> 127 <BENEFITS> 562 <UNDERWRITING-AMORTIZATION> 143 <UNDERWRITING-OTHER> 383 <INCOME-PRETAX> 251 <INCOME-TAX> 80 <INCOME-CONTINUING> 172 <DISCONTINUED> 0 <EXTRAORDINARY> (4) <CHANGES> 0 <NET-INCOME> 167 <EPS-PRIMARY> 1.26 <EPS-DILUTED> 1.16 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0