<ARTICLE> 7
<LEGEND>
THE GE FINANCIAL ASSURANCE HOLDINGS, INC., AND SUBSIDIARIES CONSOLIDATED
FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 1994, 1995 AND
1996 AND THE SIX-MONTH PERIODS ENDED JUNE 30, 1996 AND 1997.
</LEGEND>
<MULTIPLIER> 1,000,000
<PERIOD-TYPE> YEAR 6-MOS
<FISCAL-YEAR-END> DEC-31-1996 JUN-30-1997
<PERIOD-START> JAN-01-1996 JAN-01-1997
<PERIOD-END> DEC-31-1996 JUN-30-1997
<DEBT-HELD-FOR-SALE> 31,502 32,501
<DEBT-CARRYING-VALUE> 0 0
<DEBT-MARKET-VALUE> 0 0
<EQUITIES> 494 387
<MORTGAGE> 2,426 2,477
<REAL-ESTATE> 0 0
<TOTAL-INVEST> 35,810 36,737
<CASH> 50 43
<RECOVER-REINSURE> 1,674 1,696
<DEFERRED-ACQUISITION> 488 697
<TOTAL-ASSETS> 45,361 47,014
<POLICY-LOSSES> 33,449 34,075
<UNEARNED-PREMIUMS> 813 841
<POLICY-OTHER> 879 867
<POLICY-HOLDER-FUNDS> 352 450
<NOTES-PAYABLE> 175 175
<PREFERRED-MANDATORY> 0 0
<PREFERRED> 0 0
<COMMON> 0 0
<OTHER-SE> 5,721 6,093
<TOTAL-LIABILITY-AND-EQUITY> 45,361 47,014
<PREMIUMS> 1,386 1,013
<INVESTMENT-INCOME> 1,773 1,352
<INVESTMENT-GAINS> 15 28
<OTHER-INCOME> 192 212
<BENEFITS> 2,269 1,738
<UNDERWRITING-AMORTIZATION> 59 58
<UNDERWRITING-OTHER> 668 478
<INCOME-PRETAX> 370 335
<INCOME-TAX> 140 128
<INCOME-CONTINUING> 229 203
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 229 203
<EPS-PRIMARY> 0 0
<EPS-DILUTED> 0 0
<RESERVE-OPEN> 0 0
<PROVISION-CURRENT> 0 0
<PROVISION-PRIOR> 0 0
<PAYMENTS-CURRENT> 0 0
<PAYMENTS-PRIOR> 0 0
<RESERVE-CLOSE> 0 0
<CUMULATIVE-DEFICIENCY> 0 0