<ARTICLE> 7 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CAPSURE HOLDINGS CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES THERETO INCLUDED IN THIS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <DEBT-HELD-FOR-SALE> 236,362 <DEBT-CARRYING-VALUE> 14,971 <DEBT-MARKET-VALUE> 14,443 <EQUITIES> 26,117 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 304,845 <CASH> 5,743 <RECOVER-REINSURE> 39,929 <DEFERRED-ACQUISITION> 26,863 <TOTAL-ASSETS> 559,027 <POLICY-LOSSES> 151,875 <UNEARNED-PREMIUMS> 80,887 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 59,000 <COMMON> 771 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 231,705 <TOTAL-LIABILITY-AND-EQUITY> 559,027 <PREMIUMS> 24,496 <INVESTMENT-INCOME> 5,093 <INVESTMENT-GAINS> (54) <OTHER-INCOME> 4 <BENEFITS> 5,375 <UNDERWRITING-AMORTIZATION> 8,393 <UNDERWRITING-OTHER> 5,965 <INCOME-PRETAX> 6,968 <INCOME-TAX> 2,731 <INCOME-CONTINUING> 4,237 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,237 <EPS-PRIMARY> .28 <EPS-DILUTED> .28 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0