<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-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <DEBT-HELD-FOR-SALE> 201,485 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 13,720 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 285,859 <CASH> 4,089 <RECOVER-REINSURE> 40,645 <DEFERRED-ACQUISITION> 28,570 <TOTAL-ASSETS> 506,483 <POLICY-LOSSES> 125,940 <UNEARNED-PREMIUMS> 82,385 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 9,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 770 <OTHER-SE> 260,572 <TOTAL-LIABILITY-AND-EQUITY> 506,483 <PREMIUMS> 23,349 <INVESTMENT-INCOME> 5,034 <INVESTMENT-GAINS> 523 <OTHER-INCOME> 1 <BENEFITS> 3,396 <UNDERWRITING-AMORTIZATION> 8,349 <UNDERWRITING-OTHER> 6,407 <INCOME-PRETAX> 8,917 <INCOME-TAX> 3,397 <INCOME-CONTINUING> 5,520 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,520 <EPS-PRIMARY> .35 <EPS-DILUTED> .35 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0