<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> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 3,409,200 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 881,700 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 4,450,600 <CASH> 15,400 <RECOVER-REINSURE> 310,000 <DEFERRED-ACQUISITION> 200,100 <TOTAL-ASSETS> 6,183,900 <POLICY-LOSSES> 1,800,600 <UNEARNED-PREMIUMS> 1,467,300 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 775,700 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 71,500 <OTHER-SE> 1,605,400 <TOTAL-LIABILITY-AND-EQUITY> 6,183,900 <PREMIUMS> 3,199,300 <INVESTMENT-INCOME> 219,700 <INVESTMENT-GAINS> 7,100 <OTHER-INCOME> 46,200 <BENEFITS> 2,236,100 <UNDERWRITING-AMORTIZATION> 482,600 <UNDERWRITING-OTHER> 208,500 <INCOME-PRETAX> 441,700 <INCOME-TAX> 128,000 <INCOME-CONTINUING> 313,700 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 313,700 <EPS-PRIMARY> 4.29<F1> <EPS-DILUTED> 4.14<F1> <RESERVE-OPEN> 1,314,400 <PROVISION-CURRENT> 2,341,900 <PROVISION-PRIOR> (105,800) <PAYMENTS-CURRENT> 1,424,700 <PAYMENTS-PRIOR> 592,900 <RESERVE-CLOSE> 1,532,900 <CUMULATIVE-DEFICIENCY> (105,800) <FN> <F1>Represents basic and diluted earnings per share as required by SFAS 128, "Earnings per Share," which replaces primary and fully diluted earnings per share as previously reported. </FN>