<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF INCOME AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <DEBT-HELD-FOR-SALE> 2,087,000 <DEBT-CARRYING-VALUE> 337,600 <DEBT-MARKET-VALUE> 343,800 <EQUITIES> 476,300 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 3,180,000 <CASH> 13,400 <RECOVER-REINSURE> 379,700 <DEFERRED-ACQUISITION> 161,600 <TOTAL-ASSETS> 4,675,100 <POLICY-LOSSES> 1,434,400 <UNEARNED-PREMIUMS> 1,036,700 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 675,600 <COMMON> 71,200 <PREFERRED-MANDATORY> 0 <PREFERRED> 85,800 <OTHER-SE> 994,900 <TOTAL-LIABILITY-AND-EQUITY> 4,675,100 <PREMIUMS> 2,191,100 <INVESTMENT-INCOME> 149,800 <INVESTMENT-GAINS> 23,800 <OTHER-INCOME> 41,900 <BENEFITS> 1,397,300 <UNDERWRITING-AMORTIZATION> 391,500 <UNDERWRITING-OTHER> 150,800 <INCOME-PRETAX> 379,800 <INCOME-TAX> 105,500 <INCOME-CONTINUING> 274,300 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 274,300 <EPS-PRIMARY> 3.59 <EPS-DILUTED> 3.59 <RESERVE-OPEN> 1,012,400 <PROVISION-CURRENT> 1,539,800 <PROVISION-PRIOR> (142,500) <PAYMENTS-CURRENT> 894,000 <PAYMENTS-PRIOR> 417,000 <RESERVE-CLOSE> 1,098,700 <CUMULATIVE-DEFICIENCY> (142,500)