<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET OF RISK CAPITAL HOLDINGS, INC. AND ITS SUBSIDIARY AT JUNE 30, 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> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <DEBT-HELD-FOR-SALE> 258,342 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 258,006 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 605,495 <CASH> 11,279 <RECOVER-REINSURE> 59,485 <DEFERRED-ACQUISITION> 27,331 <TOTAL-ASSETS> 858,825 <POLICY-LOSSES> 326,916 <UNEARNED-PREMIUMS> 119,447 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 171 <OTHER-SE> 371,409 <TOTAL-LIABILITY-AND-EQUITY> 858,825 <PREMIUMS> 149,910 <INVESTMENT-INCOME> 9,300 <INVESTMENT-GAINS> 22,234 <OTHER-INCOME> 0 <BENEFITS> 146,170 <UNDERWRITING-AMORTIZATION> 42,407 <UNDERWRITING-OTHER> 7,371 <INCOME-PRETAX> (14,504) <INCOME-TAX> (5,746) <INCOME-CONTINUING> (9,108)<F1> <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,108)<F1> <EPS-BASIC> (0.53)<F1> <EPS-DILUTED> (0.53)<F1> <RESERVE-OPEN> 186,189 <PROVISION-CURRENT> 120,732 <PROVISION-PRIOR> 25,937 <PAYMENTS-CURRENT> 10,380 <PAYMENTS-PRIOR> 35,050 <RESERVE-CLOSE> 286,928<F2> <CUMULATIVE-DEFICIENCY> 25,939 <FN> <F1> Includes equity in net income of investees of $33 and a cumulative change in accounting of -383. Net income excludes Other Comprehensive income (loss) which the Company adopted 1st Qtr 1998 in a one financial statement approach. Comprehensive loss was $26,771 or $1.57 per share Basic and Diluted. <F2> Loss reserves net of reinssurance. </FN>