<ARTICLE>                                   7
<LEGEND>

         RISK CAPITAL HOLDINGS, INC.
         Article 7 of Regulation S-X
         Insurance Companies
         Twelve month period ended December 31, 1999 (Dollars in thousands,
         except per share amounts)

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET OF RISK CAPITAL HOLDINGS, INC. AND ITS SUBSIDIARY AT
DECEMBER 31, 1999, AND THE RELATED STATEMENT OF INCOME, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000

                                            
<PERIOD-TYPE>                                  12-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   DEC-31-1999
<DEBT-HELD-FOR-SALE>                           261,067
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                     242,600
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 576,452
<CASH>                                           9,457
<RECOVER-REINSURE>                              73,122
 <DEFERRED-ACQUISITION>                         23,585
<TOTAL-ASSETS>                                 864,359
<POLICY-LOSSES>                                364,554
<UNEARNED-PREMIUMS>                            108,743
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           171
<OTHER-SE>                                     346,343
<TOTAL-LIABILITY-AND-EQUITY>                   864,359
<PREMIUMS>                                     311,368
<INVESTMENT-INCOME>                             20,173
<INVESTMENT-GAINS>                              17,227
<OTHER-INCOME>                                       0
<BENEFITS>                                     305,841
<UNDERWRITING-AMORTIZATION>                     80,540
<UNDERWRITING-OTHER>                            14,618
<INCOME-PRETAX>                                (52,231)
<INCOME-TAX>                                   (19,557)
<INCOME-CONTINUING>                            (32,436)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (32,436)
<EPS-BASIC>                                      (1.90)
<EPS-DILUTED>                                    (1.90)
<RESERVE-OPEN>                                 186,189
<PROVISION-CURRENT>                            275,456
<PROVISION-PRIOR>                               30,385
<PAYMENTS-CURRENT>                              95,369
<PAYMENTS-PRIOR>                                88,033
<RESERVE-CLOSE>                                308,628
<CUMULATIVE-DEFICIENCY>                         30,385