<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM HEALTH NET'S FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q FILING. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 139,661 <SECURITIES> 387,557 <RECEIVABLES> 104,257 <ALLOWANCES> (9,358) <INVENTORY> 0 <CURRENT-ASSETS> 694,745 <PP&E> 210,475 <DEPRECIATION> (116,584) <TOTAL-ASSETS> 1,151,521 <CURRENT-LIABILITIES> 410,108 <BONDS> 362,618 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 51 <OTHER-SE> 368,748 <TOTAL-LIABILITY-AND-EQUITY> 1,151,521 <SALES> 0 <TOTAL-REVENUES> 811<F1> <CGS> 0 <TOTAL-COSTS> 655,071<F2> <OTHER-EXPENSES> 104,663 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,466 <INCOME-PRETAX> 45,614<F3> <INCOME-TAX> 20,308 <INCOME-CONTINUING> 25,314 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 25,314 <EPS-PRIMARY> .52 <EPS-DILUTED> .52 <FN> <F1>Includes 8,996 million of investment income. <F2>Includes heathcare expenses only. <F3>Excludes 8 thousand of minority interest in loss of subsidiary. </FN>