<ARTICLE> 7 <LEGEND> This schedule contains summary financial information 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-31-1998 <PERIOD-END> DEC-31-1998 <DEBT-HELD-FOR-SALE> 1,954 <DEBT-CARRYING-VALUE> 2,332 <DEBT-MARKET-VALUE> 2,422 <EQUITIES> 164 <MORTGAGE> 7 <REAL-ESTATE> 0 <TOTAL-INVEST> 4,854 <CASH> 22 <RECOVER-REINSURE> 31 <DEFERRED-ACQUISITION> 143 <TOTAL-ASSETS> 7,019 <POLICY-LOSSES> 3,594 <UNEARNED-PREMIUMS> 360 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 52 <NOTES-PAYABLE> 145 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <COMMON> 156 <OTHER-SE> 2,147 <TOTAL-LIABILITY-AND-EQUITY> 7,019 <PREMIUMS> 1,568 <INVESTMENT-INCOME> 273 <INVESTMENT-GAINS> 53 <OTHER-INCOME> 307 <BENEFITS> 782 <UNDERWRITING-AMORTIZATION> 231 <UNDERWRITING-OTHER> 691 <INCOME-PRETAX> 466 <INCOME-TAX> 145 <INCOME-CONTINUING> 323 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 323 <EPS-PRIMARY> 2.35 <EPS-DILUTED> 2.33 <RESERVE-OPEN> 1,845 <PROVISION-CURRENT> 728 <PROVISION-PRIOR> (123) <PAYMENTS-CURRENT> 322 <PAYMENTS-PRIOR> 385 <RESERVE-CLOSE> 1,741 <CUMULATIVE-DEFICIENCY> 0