<ARTICLE>                                           7
<LEGEND>
     RISK CAPTIAL HOLDINGS, INC
     Article 7 of Regulation S-X
     Insurance Companies
     Six month period ended June 30, 1996

     (Dollars in thousands, except per share amounts)

THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE INTERIM 
BALANCE SHEET OF RISK CAPITAL HOLDINGS, INC. AND ITS SUBSIDIARY AS OF 
JUNE 30, 1996 AND THE RELATED CONSOLIDATED STATEMENT OF INCOME, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

       

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1996      
<PERIOD-END>                                   JUN-30-1996      
<DEBT-HELD-FOR-SALE>                           136,316          
<DEBT-CARRYING-VALUE>                          0                
<DEBT-MARKET-VALUE>                            0                
<EQUITIES>                                     120,411          
<MORTGAGE>                                     0                
<REAL-ESTATE>                                  0                
<TOTAL-INVEST>                                 342,973          
<CASH>                                         5,185            
<RECOVER-REINSURE>                             0                
<DEFERRED-ACQUISITION>                         2,221            
<TOTAL-ASSETS>                                 366,707          
<POLICY-LOSSES>                                3,533            
<UNEARNED-PREMIUMS>                            18,213           
<POLICY-OTHER>                                 0                
<POLICY-HOLDER-FUNDS>                          0                
<NOTES-PAYABLE>                                0                
<PREFERRED-MANDATORY>                          0                
<PREFERRED>                                    0                
<COMMON>                                       0                
<OTHER-SE>                                     341,133          
<TOTAL-LIABILITY-AND-EQUITY>                   366,707          
<PREMIUMS>                                     5,611            
<INVESTMENT-INCOME>                            6,544            
<INVESTMENT-GAINS>                             254              
<OTHER-INCOME>                                 0                
<BENEFITS>                                     4,046            
<UNDERWRITING-AMORTIZATION>                    1,489            
<UNDERWRITING-OTHER>                           5,124            
<INCOME-PRETAX>                                1,750            
<INCOME-TAX>                                   (42)             
<INCOME-CONTINUING>                            1,792            
<DISCONTINUED>                                 0                
<EXTRAORDINARY>                                0                
<CHANGES>                                      0                
<NET-INCOME>                                   1,792            
<EPS-PRIMARY>                                  .11              
<EPS-DILUTED>                                  .11              
<RESERVE-OPEN>                                 0                
<PROVISION-CURRENT>                            0                
<PROVISION-PRIOR>                              0                
<PAYMENTS-CURRENT>                             514              
<PAYMENTS-PRIOR>                               0                
<RESERVE-CLOSE>                                3,533            
<CUMULATIVE-DEFICIENCY>                        0