<ARTICLE> 7 <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 0000897430 <NAME> TIG Holdings, Inc. <MULTIPLIER> 1,000,000 <CURRENCY> US Dollars <PERIOD-TYPE> 3-Mos <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> Jun-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1.000 <DEBT-HELD-FOR-SALE> 0 <DEBT-CARRYING-VALUE> 4,218 <DEBT-MARKET-VALUE> 4,218 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 4,405 <CASH> 5 <RECOVER-REINSURE> 1,334 <DEFERRED-ACQUISITION> 171 <TOTAL-ASSETS> 6,832 <POLICY-LOSSES> 3,238 <UNEARNED-PREMIUMS> 759 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 124 <PREFERRED-MANDATORY> 25 <PREFERRED> 0 <COMMON> 1,230 <OTHER-SE> (11) <TOTAL-LIABILITY-AND-EQUITY> 6,832 <PREMIUMS> 380 <INVESTMENT-INCOME> 71 <INVESTMENT-GAINS> 1 <OTHER-INCOME> 0 <BENEFITS> 259 <UNDERWRITING-AMORTIZATION> 0 <UNDERWRITING-OTHER> 122 <INCOME-PRETAX> 55 <INCOME-TAX> (15) <INCOME-CONTINUING> 40 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 40 <EPS-PRIMARY> 0.73 <EPS-DILUTED> 0.72 <RESERVE-OPEN> 3,691 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 3,691 <CUMULATIVE-DEFICIENCY> 0