<ARTICLE> 7
<LEGEND>
              NAC RE CORPORATION
          ARTICLE 7 OF REGULATION S-X
            INSURANCE COMPANIES
   NINE MONTH PERIOD ENDING SEPTEMBER 30, 1996
 (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<DEBT-HELD-FOR-SALE>                         1,656,278
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                     152,419
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                               1,922,352
<CASH>                                           7,668
<RECOVER-REINSURE>                              13,567
<DEFERRED-ACQUISITION>                          79,399
<TOTAL-ASSETS>                               2,662,154
<POLICY-LOSSES>                              1,443,686
<UNEARNED-PREMIUMS>                            251,774
<POLICY-OTHER>                                   5,819
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                299,932
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,145
<OTHER-SE>                                     526,253
<TOTAL-LIABILITY-AND-EQUITY>                 2,662,154
<PREMIUMS>                                     386,282
<INVESTMENT-INCOME>                             77,499
<INVESTMENT-GAINS>                              14,654
<OTHER-INCOME>                                       0
<BENEFITS>                                     248,710
<UNDERWRITING-AMORTIZATION>                    145,931
<UNDERWRITING-OTHER>                            16,896
<INCOME-PRETAX>                                 66,898
<INCOME-TAX>                                    13,674
<INCOME-CONTINUING>                             53,224
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    53,224
<EPS-PRIMARY>                                     2.75
<EPS-DILUTED>                                     2.61
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0