<ARTICLE> 7 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <DEBT-HELD-FOR-SALE> 5,795,000,000 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 120,900,000 <MORTGAGE> 83,000,000 <REAL-ESTATE> 9,200,000 <TOTAL-INVEST> 8,248,400,000 <CASH> 92,700,000 <RECOVER-REINSURE> 301,800,000 <DEFERRED-ACQUISITION> 383,900,000 <TOTAL-ASSETS> 15,969,600,000 <POLICY-LOSSES> 10,278,400,000 <UNEARNED-PREMIUMS> 2,071,600,000 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 987,400,000 <COMMON> 65,700,000 <PREFERRED-MANDATORY> 275,000,000 <PREFERRED> 300,000 <OTHER-SE> 849,700,000 <TOTAL-LIABILITY-AND-EQUITY> 15,969,600,000 <PREMIUMS> 4,429,100,000 <INVESTMENT-INCOME> 504,200,000 <INVESTMENT-GAINS> 76,000,000 <OTHER-INCOME> 92,100,000 <BENEFITS> 4,400,900,000 <UNDERWRITING-AMORTIZATION> 74,000,000 <UNDERWRITING-OTHER> 1,379,000,000 <INCOME-PRETAX> (1,007,500,000) <INCOME-TAX> (365,100,000) <INCOME-CONTINUING> (642,900,000) <DISCONTINUED> 39,500,000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (602,900,000) <EPS-PRIMARY> (10,900,000) <EPS-DILUTED> (10,900,000) <RESERVE-OPEN> 5,915,800,000 <PROVISION-CURRENT> 3,547,800,000 <PROVISION-PRIOR> 853,100,000 <PAYMENTS-CURRENT> 1,183,300,000 <PAYMENTS-PRIOR> 2,299,900,000 <RESERVE-CLOSE> 6,608,200,000 <CUMULATIVE-DEFICIENCY> 971,600,000