<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <DEBT-HELD-FOR-SALE> 9,916,552 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 732,991 <MORTGAGE> 0 <REAL-ESTATE> 614,652 <TOTAL-INVEST> 12,625,722 <CASH> 28,662 <RECOVER-REINSURE> 84,176 <DEFERRED-ACQUISITION> 364,313 <TOTAL-ASSETS> 18,759,950 <POLICY-LOSSES> 9,817,471 <UNEARNED-PREMIUMS> 2,325,602 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 620,275 <COMMON> 460,145 <PREFERRED-MANDATORY> 207,000 <PREFERRED> 11,456 <OTHER-SE> 3,023,953 <TOTAL-LIABILITY-AND-EQUITY> 18,759,950 <PREMIUMS> 2,931,214 <INVESTMENT-INCOME> 570,487 <INVESTMENT-GAINS> 38,060 <OTHER-INCOME> 423,292 <BENEFITS> 2,118,131 <UNDERWRITING-AMORTIZATION> 642,785 <UNDERWRITING-OTHER> 732,632 <INCOME-PRETAX> 469,505 <INCOME-TAX> 103,543 <INCOME-CONTINUING> 365,962 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 365,962 <EPS-PRIMARY> 4.21 <EPS-DILUTED> 4.00 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0