<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM
10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30,1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000217416
<NAME> UNITED COMPANIES FINANCIAL CORPORTAION
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<EXCHANGE-RATE>                                      1
<CASH>                                          23,695
<SECURITIES>                                 1,195,334
<RECEIVABLES>                                  404,811
<ALLOWANCES>                                    16,234
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          34,625
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               2,210,325
<CURRENT-LIABILITIES>                                0
<BONDS>                                        212,022
<COMMON>                                        28,987
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      3,910
<OTHER-SE>                                     291,869
<TOTAL-LIABILITY-AND-EQUITY>                 2,210,325
<SALES>                                              0
<TOTAL-REVENUES>                               192,066
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               120,545
<LOSS-PROVISION>                                 7,821
<INTEREST-EXPENSE>                              13,772
<INCOME-PRETAX>                                 49,928
<INCOME-TAX>                                    17,965
<INCOME-CONTINUING>                             31,963
<DISCONTINUED>                                 (2,841)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    29,122
<EPS-PRIMARY>                                     2.04
<EPS-DILUTED>                                     2.03