<ARTICLE>                                           7
<LEGEND>
This schedule contains summary financial information extracted from the
Quarterly Report on Form 10-Q for the three-month period ended March 31, 1997 of
Risk Capital Holdings, Inc. and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                           DEC-31-1997
<PERIOD-START>                              JAN-01-1997
<PERIOD-END>                                MAR-31-1997
<DEBT-HELD-FOR-SALE>                            102,370
<DEBT-CARRYING-VALUE>                                 0
<DEBT-MARKET-VALUE>                                   0
<EQUITIES>                                      165,654
<MORTGAGE>                                            0
<REAL-ESTATE>                                         0
<TOTAL-INVEST>                                  389,772
<CASH>                                           10,566
<RECOVER-REINSURE>                                    0
 <DEFERRED-ACQUISITION>                          10,299
<TOTAL-ASSETS>                                  455,878
<POLICY-LOSSES>                                  31,805
<UNEARNED-PREMIUMS>                              50,415
<POLICY-OTHER>                                        0
<POLICY-HOLDER-FUNDS>                                 0
<NOTES-PAYABLE>                                       0
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                              0
<OTHER-SE>                                      357,522
<TOTAL-LIABILITY-AND-EQUITY>                    455,878
<PREMIUMS>                                       21,072
<INVESTMENT-INCOME>                               3,451
<INVESTMENT-GAINS>                                  (25)
<OTHER-INCOME>                                        0
<BENEFITS>                                       14,540
<UNDERWRITING-AMORTIZATION>                       6,111
<UNDERWRITING-OTHER>                              3,745
<INCOME-PRETAX>                                     102
<INCOME-TAX>                                       (186)
<INCOME-CONTINUING>                                 288
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                           (90)
<NET-INCOME>                                        198
<EPS-PRIMARY>                                       .01
<EPS-DILUTED>                                       .01
<RESERVE-OPEN>                                        0
<PROVISION-CURRENT>                                   0
<PROVISION-PRIOR>                                     0
<PAYMENTS-CURRENT>                                3,835
<PAYMENTS-PRIOR>                                      0
<RESERVE-CLOSE>                                  30,954
<CUMULATIVE-DEFICIENCY>                               0