<ARTICLE> 7 <CIK> 0000317745 <NAME> GENERAL RE CORPORATION <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <DEBT-HELD-FOR-SALE> 12,274 <DEBT-CARRYING-VALUE> 1,900 <DEBT-MARKET-VALUE> 1,971 <EQUITIES> 2,977 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 18,898 <CASH> 242 <RECOVER-REINSURE> 227 <DEFERRED-ACQUISITION> 324 <TOTAL-ASSETS> 29,597 <POLICY-LOSSES> 10,318 <UNEARNED-PREMIUMS> 1,642 <POLICY-OTHER> 1,960 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 188 <COMMON> 51 <PREFERRED-MANDATORY> 1 <PREFERRED> 0 <OTHER-SE> 4,808 <TOTAL-LIABILITY-AND-EQUITY> 29,597 <PREMIUMS> 2,788 <INVESTMENT-INCOME> 749 <INVESTMENT-GAINS> 66 <OTHER-INCOME> 234 <BENEFITS> 1,981 <UNDERWRITING-AMORTIZATION> 614 <UNDERWRITING-OTHER> 448 <INCOME-PRETAX> 794 <INCOME-TAX> 129 <INCOME-CONTINUING> 665 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 665 <EPS-PRIMARY> 7.97 <EPS-DILUTED> 0 <RESERVE-OPEN> 7,056 <PROVISION-CURRENT> 2,017 <PROVISION-PRIOR> (36) <PAYMENTS-CURRENT> 423 <PAYMENTS-PRIOR> 1,206 <RESERVE-CLOSE> 7,408 <CUMULATIVE-DEFICIENCY> (36)