EXHIBIT 21
                             SUBSIDIARIES OF ZENITH

    Set forth below are the names of certain subsidiaries of Zenith. Certain
subsidiaries, which considered in the aggregate would not constitute a
significant subsidiary, are omitted from the listing below.



                                                                         JURISDICTION OF
                              NAME                                        ORGANIZATION
- - -----------------------------------------------------------------  ---------------------------
                                                                
Zenith Insurance Company                                                   California
CalFarm Insurance Company                                                  California
ZNAT Insurance Company                                                     California
CalFarm Life Insurance Company                                             California
CalFarm Insurance Agency                                                   California
Zenith Star Insurance Company                                                 Texas
Perma-Bilt, a Nevada Corporation                                             Nevada