----

**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

|   | x      | **QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |   |
|--------|--------|------------------------------------------------------------------------|--------|
|   |   | **THE                SECURITIES EXCHANGE ACT OF 1934**                 |   |

|   | o      | **TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |   |
|--------|--------|-------------------------------------------------------------------------|--------|
|   |   | **THE                SECURITIES EXCHANGE ACT OF 1934**                  |   |

**LANDAMERICA      FINANCIAL GROUP, INC.**

| **Virginia**                                                                       |   | **54-1589611**                                      |
|------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization)      |   | (I.R.S.                Employer Identification No.) |
|                                                                               |   |                                                |
| **101                Gateway Centre Parkway****Richmond,                Virginia** |   | **23235-5153**                                      |
| (Address                of principal executive offices)                            |   | (Zip                Code)                           |

**(804)      267-8000**

**Yes      **
**No      **

**Large      accelerated filer**
**Accelerated      filer **
**Non-accelerated      filer **

**Yes      **
**No      **

| Common                Stock, No Par Value |  17,187,958                shares |   | April                28 , 2006 |
|-------------------------------------------|----------------------------------------|--------|--------------------------------|

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**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

|                   | INDEX                                                                                                               |                    |
|------------------------|---------------------------------------------------------------------------------------------------------------------|-------------------------|
|                   |                                                                                                                | Page                No. |
|                   |                                                                                                                |                    |
|                   | PART                I. FINANCIAL INFORMATION                                                                        |                    |
|                   |                                                                                                                |                    |
| ITEM                1. | CONSOLIDATED                FINANCIAL STATEMENTS:                                                                   |                    |
|                   |                                                                                                                |                    |
|                   | Consolidated                Balance Sheets                                                                          | 3                       |
|                   |                                                                                                                |                    |
|                   | Consolidated                Statements of Operations                                                                | 5                       |
|                   |                                                                                                                |                    |
|                   | Consolidated                Statements of Cash Flows                                                                | 6                       |
|                   |                                                                                                                |                    |
|                   | Consolidated                Statements of Changes in Shareholders’ Equity                                     | 7                       |
|                   |                                                                                                                |                    |
|                   | Notes                to Consolidated Financial Statements                                                           | 8                       |
|                   |                                                                                                                |                    |
| ITEM                2. | MANAGEMENT'S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS | 19                      |
|                   |                                                                                                                |                    |
| ITEM                3. | QUANTITATIVE                AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                           | 32                      |
|                   |                                                                                                                |                    |
| ITEM                4. | CONTROLS                AND PROCEDURES                                                                              | 32                      |
|                   |                                                                                                                |                    |
|                   |                                                                                                                |                    |
|                   | PART                II. OTHER INFORMATION                                                                           |                    |
|                   |                                                                                                                |                    |
| ITEM                1. | LEGAL                PROCEEDINGS                                                                                    | 35                      |
|                   |                                                                                                                |                    |
| ITEM                2. | UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                          | 35                      |
|                   |                                                                                                                |                    |
| ITEM                5. | OTHER                EVENTS                                                                                         | 35                      |
|                   |                                                                                                                |                    |
| ITEM                6. | EXHIBITS                                                                                                            | 36                      |
|                   |                                                                                                                |                    |
| SIGNATURE              | 37                                                                                                                  |

----

**PART              I. FINANCIAL INFORMATION**

**ITEM              1.**
**CONSOLIDATED              FINANCIAL STATEMENTS**

**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

|                                                                                                                                                                       |   | March                31, |    | December                31, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|---------|-----------------------------|--------|
| ASSETS                                                                                                                                                                     |   | 2006                     |    | 2005                        |   |
|                                                                                                                                                                       |   |                     |    |                        |   |
| INVESTMENTS:                                                                                                                                                               |   |                     |    |                        |   |   |   |
| Fixed                maturities available-for-sale - at fair value (amortized cost:                2006-                $1,190.3; 2005 -                $1,154.2)          |   | $                        | 1,184.3 |                        | $      | 1,163.5 |   |
| Equity                securities - at fair value (cost: 2006 -                $96.3;                2005 -                $94.5)                                           |   |                     | 110.9   |                        |   | 102.4 |   |
| Federal                funds sold                                                                                                                                          |   |                     | 5.4     |                        |   | 4.2 |   |
| Short                term investments                                                                                                                                      |   |                     | 384.7   |                        |   | 484.6 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| Total                Investments                                                                                                                                           |   |                     | 1,685.3 |                        |   | 1,754.7 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| CASH                                                                                                                                                                       |   |                     | 64.9    |                        |   | 89.1 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| LOANS                RECEIVABLE                                                                                                                                            |   |                     | 439.4   |                        |   | 437.9 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| ACCRUED                INTEREST RECEIVABLE                                                                                                                                 |   |                     | 18.5    |                        |   | 19.6 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| NOTES                AND ACCOUNTS RECEIVABLE                                                                                                                               |   |                     |    |                        |   |   |   |
| Notes                (less allowance for doubtful accounts: 2006 -                $4.0; 2005 -                $4.3)                                                        |   |                     | 15.1    |                        |   | 16.0 |   |
| Trade                accounts receivable (less allowance for doubtful accounts: 2006                -                $10.7; 2005 -                $7.9)                    |   |                     | 111.1   |                        |   | 124.6 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| Total                Notes and Accounts Receivable                                                                                                                         |   |                     | 126.2   |                        |   | 140.6 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| PROPERTY                AND EQUIPMENT - at cost (less accumulated depreciation and amortization:                2006-                $209.7; 2005 -                $209.5) |   |                     | 99.6    |                        |   | 114.4 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| TITLE                PLANTS                                                                                                                                                |   |                     | 94.5    |                        |   | 93.9 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| GOODWILL                                                                                                                                                                   |   |                     | 589.6   |                        |   | 584.3 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| INTANGIBLE                ASSETS (less accumulated amortization 2006 - $67.6; 2005 -                $61.3)                                                                 |   |                     | 151.4   |                        |   | 156.3 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| DEFERRED                INCOME TAXES                                                                                                                                       |   |                     | 139.9   |                        |   | 130.2 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| OTHER                ASSETS                                                                                                                                                |   |                     | 194.9   |                        |   | 174.0 |   |
|                                                                                                                                                                       |   |                     |    |                        |   |   |   |
| Total                Assets                                                                                                                                                |   | $                        | 3,604.2 |                        | $      | 3,695.0 |   |

----

**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

|                                                                                                                                                                                      |   | March                31, |    | December                31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|---------|-----------------------------|--------|
| LIABILITIES                                                                                                                                                                               |   | 2006                     |    | 2005                        |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |
| POLICY                AND CONTRACT CLAIMS                                                                                                                                                 |   | $                        | 702.2   |                        | $      | 697.6 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| DEPOSITS                                                                                                                                                                                  |   |                     | 549.5   |                        |   | 547.2 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| ACCOUNTS                PAYABLE AND ACCRUED LIABILITIES                                                                                                                                   |   |                     | 318.9   |                        |   | 399.1 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| NOTES                PAYABLE                                                                                                                                                              |   |                     | 473.3   |                        |   | 479.3 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| DEFERRED                SERVICE ARRANGEMENTS                                                                                                                                              |   |                     | 213.9   |                        |   | 211.2 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| TAXES                PAYABLE                                                                                                                                                              |   |                     | -       |                        |   | 18.1 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| OTHER                                                                                                                                                                                     |   |                     | 70.2    |                        |   | 64.0 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| Total                Liabilities                                                                                                                                                          |   |                     | 2,328.0 |                        |   | 2,416.5 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| COMMITMENTS                AND CONTINGENCIES                                                                                                                                              |   |                     |    |                        |   |   |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| SHAREHOLDERS’                EQUITY                                                                                                                                            |   |                     |    |                        |   |   |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| Common                stock, no par value, 45,000,000 shares authorized, shares issued                and                outstanding: 2006 - 17,244,958; 2005 -                17,291,213 |   |                     | 435.9   |                        |   | 443.1 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| Accumulated                other comprehensive loss                                                                                                                                       |   |                     | (48.0   | )                           |   | (42.3 | ) |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| Retained                earnings                                                                                                                                                          |   |                     | 888.3   |                        |   | 877.7 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| Total                Shareholders’ Equity                                                                                                                                           |   |                     | 1,276.2 |                        |   | 1,278.5 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |
| Total                Liabilities and Shareholders’ Equity                                                                                                                           |   | $                        | 3,604.2 |                        | $      | 3,695.0 |   |
|                                                                                                                                                                                      |   |                     |    |                        |   |   |   |

----

**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

|                                                                                  |   | 2006   |   | 2005                         |   |
|---------------------------------------------------------------------------------------|--------|--------|--------|------------------------------|--------|
|                                                                                  |   |   |   | (as                restated) |   |
| REVENUE                                                                               |   |   |   |                         |   |   |   |
| Operating                revenue                                                      |   | $      | 902.3  |                         | $      | 813.5 |   |
| Investment                and other income                                            |   |   | 29.7   |                         |   | 21.3 |   |
| Net                realized investment gains                                          |   |   | 0.9    |                         |   | 0.8 |   |
|                                                                                  |   |   |   |                         |   |   |   |
|                                                                                  |   |   | 932.9  |                         |   | 835.6 |   |
| EXPENSES                                                                              |   |   |   |                         |   |   |   |
| Agents’                commissions                                              |   |   | 383.1  |                         |   | 324.6 |   |
| Salaries                and employee benefits                                         |   |   | 276.7  |                         |   | 247.3 |   |
| General,                administrative and other                                      |   |   | 168.2  |                         |   | 140.6 |   |
| Provision                for policy and contract claims                               |   |   | 50.4   |                         |   | 44.7 |   |
| Premium                taxes                                                          |   |   | 10.4   |                         |   | 9.7 |   |
| Interest                expense                                                       |   |   | 9.6    |                         |   | 7.9 |   |
| Amortization                of intangibles                                            |   |   | 6.3    |                         |   | 7.0 |   |
| Write-off                of intangible and long-lived assets                          |   |   | 9.7    |                         |   | - |   |
|                                                                                  |   |   | 914.4  |                         |   | 781.8 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| INCOME                BEFORE INCOME TAXES                                             |   |   | 18.5   |                         |   | 53.8 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| INCOME                TAX EXPENSE                                                     |   |   | 4.8    |                         |   | 20.6 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| NET                INCOME                                                             |   | $      | 13.7   |                         | $      | 33.2 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| NET                INCOME PER COMMON SHARE                                            |   | $      | 0.81   |                         | $      | 1.87 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING                   |   |   | 17.0   |                         |   | 17.8 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| NET                INCOME PER COMMON SHARE ASSUMING DILUTION                          |   | $      | 0.78   |                         | $      | 1.85 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING ASSUMING DILUTION |   |   | 17.5   |                         |   | 18.0 |   |
|                                                                                  |   |   |   |                         |   |   |   |
| CASH                DIVIDENDS DECLARED PER COMMON SHARE                               |   | $      | 0.18   |                         | $      | 0.15 |   |

----

**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

|                                                                         |   | 2006   |   | 2005                         |   |
|------------------------------------------------------------------------------|--------|--------|--------|------------------------------|--------|
|                                                                         |   |   |   | (as                restated) |   |
| Cash                flows from operating activities:                         |   |   |   |                         |   |   |   |
| Net                income                                                    |   | $      | 13.7   |                         | $      | 33.2 |   |
| Depreciation                and amortization                                 |   |   | 14.1   |                         |   | 13.8 |   |
| Write-off                of intangible and long-lived assets                 |   |   | 9.7    |                         |   | - |   |
| Amortization                of bond premium                                  |   |   | 1.1    |                         |   | 1.7 |   |
| Net                realized investment gains                                 |   |   | 0.9    |                         |   | (0.8 | ) |
| Deferred                income tax expense (benefit)                         |   |   | (5.6   | )                            |   | 5.9 |   |
| Change                in assets and liabilities, net of businesses acquired: |   |   |   |                         |   |   |   |
| Accounts                and notes receivable                                 |   |   | 11.9   |                         |   | 4.6 |   |
| Income                taxes receivable/payable                               |   |   | (21.7  | )                            |   | 12.4 |   |
| Accounts                payable and accrued expenses                         |   |   | (80.9  | )                            |   | (49.1 | ) |
| Policy                and contract claims                                    |   |   | 4.5    |                         |   | 8.7 |   |
| Deferred                service arrangements                                 |   |   | 2.7    |                         |   | (14.6 | ) |
| Other                                                                        |   |   | 5.8    |                         |   | 0.9 |   |
| Net                cash (used) provided by operating activities              |   |   | (43.8  | )                            |   | 16.7 |   |
| Cash                flows from investing activities:                         |   |   |   |                         |   |   |   |
| Purchase                of property and equipment, net                       |   |   | (11.2  | )                            |   | (5.9 | ) |
| Purchase                of business, net of cash acquired                    |   |   | (8.4   | )                            |   | (0.9 | ) |
| Investments                in unconsolidated subsidiaries                    |   |   | (0.7   | )                            |   | (8.3 | ) |
| Change                in cash surrender value of life insurance              |   |   | (0.4   | )                            |   | (0.3 | ) |
| Change                in short-term investments                              |   |   | 99.9   |                         |   | 21.7 |   |
| Cost                of investments acquired:                                 |   |   |   |                         |   |   |   |
| Fixed                maturities                                              |   |   | (168.6 | )                            |   | (94.7 | ) |
| Equity                securities                                             |   |   | (8.6   | )                            |   | (4.3 | ) |
| Proceeds                from investment sales or maturities:                 |   |   |   |                         |   |   |   |
| Fixed                maturities                                              |   |   | 132.5  |                         |   | 77.4 |   |
| Equity                securities                                             |   |   | 5.0    |                         |   | 3.5 |   |
| Net                change in federal funds sold                              |   |   | (1.2   | )                            |   | 2.3 |   |
| Change                in loans receivable                                    |   |   | (1.6   | )                            |   | (4.5 | ) |
| Net                cash provided (used) in investing activities              |   |   | 36.7   |                         |   | (14.0 | ) |
| Cash                flows from financing activities:                         |   |   |   |                         |   |   |   |
| Net                change in deposits                                        |   |   | 2.3    |                         |   | 4.8 |   |
| Proceeds                from the exercise of options and incentive plans     |   |   | 1.3    |                         |   | 0.6 |   |
| Tax                benefit of stock options exercised                        |   |   | 0.5    |                         |   | - |   |
| Cost                of common shares repurchased                             |   |   | (12.1  | )                            |   | - |   |
| Dividends                paid                                                |   |   | (3.1   | )                            |   | (2.7 | ) |
| Proceeds                from issuance of notes payable                       |   |   | 2.8    |                         |   | 5.4 |   |
| Payments                on notes payable                                     |   |   | (8.8   | )                            |   | (4.4 | ) |
| Net                cash (used) provided by financing activities              |   |   | (17.1  | )                            |   | 3.7 |   |
| Net                (decrease) increase in cash                               |   |   | (24.2  | )                            |   | 6.4 |   |
| Cash                at beginning of period                                   |   |   | 89.1   |                         |   | 73.0 |   |
| Cash                at end of period                                         |   | $      | 64.9   |                         | $      | 79.4 |   |

----

**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

|                                                                           |   | Common                  Stock |   | Accumulated                  Other Comprehensive |   | Retained                       |   | Total                  Shareholders’ |   |
|--------------------------------------------------------------------------------|--------|-------------------------------|--------|--------------------------------------------------|--------|--------------------------------|--------|--------------------------------------------|--------|
|                                                                           |   | Shares                        |   | Amounts                                          |   | Income                  (Loss) |   | Earnings                                   |   | Equity |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |
| BALANCE                  -                  December 31, 2004 (as restated)    |   |                          | 18.0   |                                             | $      | 491.5                          |   | $                                          | (17.6  | ) | $ | 723.8 |   | $ | 1,197.7 |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Comprehensive                  income:                                         |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Net                  income                                                    |   |                          | -      |                                             |   | -                              |   |                                       | -      |   |   | 33.2 |   |   | 33.2 |   |
| Other                  comprehensive loss                                      |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Net                  unrealized loss on securities - net of tax benefit $(8.5) |   |                          | -      |                                             |   | -                              |   |                                       | (16.2  | ) |   | - |   |   | (16.2 | ) |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   | 17.0 |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Stock                  options and incentive plans                             |   |                          | 0.1    |                                             |   | 1.4                            |   |                                       | -      |   |   | - |   |   | 1.4 |   |
| Common                  dividends ($0.15/share)                                |   |                          | -      |                                             |   | -                              |   |                                       | -      |   |   | (2.7 | ) |   | (2.7 | ) |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| BALANCE                  - March 31, 2005 (as restated)                        |   |                          | 18.1   |                                             |   | 492.9                          |   |                                       | (33.8  | ) |   | 754.3 |   |   | 1,213.4 |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| BALANCE                  -                  December 31, 2005                  |   |                          | 17.3   |                                             |   | 443.1                          |   |                                       | (42.3  | ) |   | 877.7 |   |   | 1,278.5 |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Comprehensive                  income:                                         |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Net                  income                                                    |   |                          | -      |                                             |   | -                              |   |                                       | -      |   |   | 13.7 |   |   | 13.7 |   |
| Other                  comprehensive loss                                      |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Net                  unrealized loss on securities - net of tax benefit $(3.0) |   |                          | -      |                                             |   | -                              |   |                                       | (5.7   | ) |   | - |   |   | (5.7 | ) |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   | 8.0 |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| Purchase                  of call options, net of tax                          |   |                          | -      |                                             |   |                           |   |                                       | -      |   |   | - |   |   |   |   |
| Common                  stock retired                                          |   |                          | (0.2   | )                                                |   | (12.1                          | )      |                                       | -      |   |   | - |   |   | (12.1 | ) |
| Stock                  options and incentive plans                             |   |                          | 0.1    |                                             |   | 4.9                            |   |                                       | -      |   |   | - |   |   | 4.9 |   |
| Common                  dividends ($0.18 share)                                |   |                          | -      |                                             |   | -                              |   |                                       | -      |   |   | (3.1 | ) |   | (3.1 | ) |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |
| BALANCE                  - March                  31, 2006                     |   |                          | 17.2   |                                             | $      | 435.9                          |   | $                                          | (48.0  | ) | $ | 888.3 |   | $ | 1,276.2 |   |
|                                                                           |   |                          |   |                                             |   |                           |   |                                       |   |   |   |   |   |   |   |   |

----

**LANDAMERICA      FINANCIAL GROUP, INC. AND SUBSIDIARIES**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**1.**
**INTERIM      FINANCIAL INFORMATION**

|   | The                accompanying unaudited consolidated financial statements have been                prepared in accordance with accounting principles generally accepted                in                the United States for interim financial information and with the                instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They                do not                include all information and notes required by generally accepted                accounting principles for complete financial statements. These statements                should be read in conjunction with the Consolidated Financial Statements                and notes thereto included in the Annual Report on Form 10-K of                LandAmerica Financial Group, Inc. for the year ended December 31,                2005. In                the opinion of management, all adjustments (including normal and                recurring                adjustments) considered necessary for a fair presentation of this                information have been reflected. Operating results for the interim                periods                are not necessarily indicative of results for a full                year. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | When                used in these notes, the terms “LandAmerica,” “we,” “us” or “our” means                LandAmerica Financial Group, Inc. and all entities included in our                Consolidated Financial Statements. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Reclassification |
|--------|------------------|

|   | Certain                2005 amounts have been reclassified to conform to the 2006                presentation. |
|--------|----------------------------------------------------------------------------------------------------------------|

----

|                                                            |   | For                the Three Months EndedMarch                31, 2005 |    |
|-----------------------------------------------------------------|--------|------------------------------------------------------------------------|---------|
|                                                            |   | AsPreviouslyReported                                                   |    | As                Restated |   |
|                                                            |   |                                                                   |    |   |   |
|                                                            |   | (In                millions, except per share amounts)                 |    |
| Effects                on Consolidated Balance Sheet:           |   |                                                                   |    |   |   |
|                                                            |   |                                                                   |    |   |   |
| Deferred                income taxes                            |   | $                                                                      | 153.6   |   | $ | 126.9 |   |
| Total                assets                                     |   |                                                                   | 3,263.6 |   |   | 3,249.1 |   |
| Policy                and contract claims                       |   |                                                                   | 728.8   |   |   | 652,6 |   |
| Total                liabilities                                |   |                                                                   | 2,099.7 |   |   | 2,035.7 |   |
| Shareholders’                equity                       |   |                                                                   | 1,163.9 |   |   | 1,213.4 |   |
| Total                liabilities and shareholders’ equity |   |                                                                   | 3,263.6 |   |   | 3,249.1 |   |
|                                                            |   |                                                                   |    |   |   |   |   |
| Effects                on Consolidated Statement of Operations: |   |                                                                   |    |   |   |   |   |
|                                                            |   |                                                                   |    |   |   |   |   |
| Provision                for policy and contract claims         |   | $                                                                      | 49.2    |   | $ | 44.7 |   |
| Income                before income taxes                       |   |                                                                   | 49.3    |   |   | 53.8 |   |
| Income                taxes                                     |   |                                                                   | 19.0    |   |   | 20.6 |   |
| Net                income                                       |   |                                                                   | 30.3    |   |   | 33.2 |   |
| Net                income per common share                      |   | $                                                                      | 1.70    |   | $ | 1.87 |   |
| Net                income per common share assuming dilution    |   | $                                                                      | 1.68    |   | $ | 1.85 |   |

|   | Stock-Based                Compensation |
|--------|-----------------------------------------|

*Accounting      for Stock-Based Compensation*
*Share-Based*
*Payment*      ("SFAS      No.123-(R)"). We      have      used the modified prospective adoption method. Under this method, the      share-based compensation cost recognized beginning January 1, 2006 includes      compensation cost for (i) all share-based payments granted prior to, but not      vested as of January 1, 2006, based on the grant date fair value originally      estimated in accordance with the provisions of SFAS No. 123 and (ii) all      share-based payments granted subsequent to December 31, 2005, based on the      grant      date fair value estimated in accordance with the provisions      of SFAS No. 123-(R). Compensation cost under SFAS No. 123-(R) is      recognized ratably using the straight-line attribution method over the expected      vesting period or to the retirement eligibility date, if less than the vesting      period when vesting is not contingent upon any future performance. In addition,      pursuant      to SFAS No. 123-(R), we are required to estimate the amount of      expected      forfeitures when calculating the compensation costs, instead of accounting      for      forfeitures as incurred, which was our previous method. As of March 31, 2006,      the cumulative effect of adopting SFAS No. 123-(R) was not      significant.

----

*Accounting      for Stock Issued to Employees*

|                                                                                                                                                                                                            |   | Three                  Months Ended March 31, 2005       |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|
|                                                                                                                                                                                                            |   | Pro                  forma                               |   |
|                                                                                                                                                                                                            |   | (as                  restated)                           |   |
|                                                                                                                                                                                                            |   | (In                  millions, except per share amounts) |   |
|                                                                                                                                                                                                            |   |                                                     |   |
| Net                  income, as reported                                                                                                                                                                        |   | $                                                        | 33.2   |   |
| Add:                  Stock-based employee compensation included in reported net income,                  net of                  related tax effects                                                           |   |                                                     | 0.5    |   |
| Deduct:                  Total stock-based employee compensation expense determined under                  fair                  value based method for all awards, net of related tax                  effects |   |                                                     | (0.6   | ) |
|                                                                                                                                                                                                            |   |                                                     |   |   |
| Pro                  forma net income                                                                                                                                                                           |   | $                                                        | 33.1   |   |
|                                                                                                                                                                                                            |   |                                                     |   |   |
| Earnings                  per share:                                                                                                                                                                            |   |                                                     |   |   |
| Basic                  - as reported                                                                                                                                                                            |   | $                                                        | 1.87   |   |
| Basic                  - pro forma                                                                                                                                                                              |   | $                                                        | 1.86   |   |
|                                                                                                                                                                                                            |   |                                                     |   |   |
| Diluted                  - as reported                                                                                                                                                                          |   | $                                                        | 1.85   |   |
| Diluted                  - pro forma                                                                                                                                                                            |   | $                                                        | 1.84   |   |

----

**2.**
**EARNINGS        PER SHARE**

|                                                                                              |   | Three                  Months Ended March 31,            |   |
|---------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|
|                                                                                              |   | 2006                                                     |   | 2005 |   |
|                                                                                              |   |                                                     |   | (as                  restated) |   |
|                                                                                              |   | (In                  millions, except per share amounts) |   |
| Numerator:                                                                                        |   |                                                     |   |   |   |
| Net                  income - numerator for basic and diluted earnings per                  share |   | $                                                        | 13.7   |   | $ | 33.2 |   |
|                                                                                              |   |                                                     |   |   |   |   |   |
| Denominator:                                                                                      |   |                                                     |   |   |   |   |   |
| Weighted                  average shares - denominator for basic earnings per share               |   |                                                     | 17.0   |   |   | 17.8 |   |
|                                                                                              |   |                                                     |   |   |   |   |   |
| Effect                  of dilutive securities:                                                   |   |                                                     |   |   |   |   |   |
| Convertible                  debt                                                                 |   |                                                     | 0.4    |   |   | - |   |
| Employee                  stock options                                                           |   |                                                     | 0.1    |   |   | 0.2 |   |
|                                                                                              |   |                                                     |   |   |   |   |   |
| Denominator                  for diluted earnings per share                                       |   |                                                     | 17.5   |   |   | 18.0 |   |
|                                                                                              |   |                                                     |   |   |   |   |   |
| Basic                  earnings per common share                                                  |   | $                                                        | 0.81   |   | $ | 1.87 |   |
|                                                                                              |   |                                                     |   |   |   |   |   |
| Diluted                  earnings per common share                                                |   | $                                                        | 0.78   |   | $ | 1.85 |   |

**3.**
**INCOME        TAXES**

**4.**
**INVESTMENTS**

*Accounting        for Certain Investments in Debt and Equity Securities*

----

**5.**
**PENSIONS        AND OTHER POST-RETIREMENT BENEFITS**

|                                                                |   | Pension                  Benefits |   | Other                  Benefits |   |
|---------------------------------------------------------------------|--------|-----------------------------------|--------|---------------------------------|--------|
|                                                                |   | 2006                              |   | 2005                            |   | 2006 |   | 2005 |   |
|                                                                |   | (In                  millions)    |   |
| Components                  of net pension expense:                 |   |                              |   |                            |   |   |   |   |   |
| Service                  cost                                       |   | $                                 | -      |                            | $      | - |   | $ | 0.3 |   | $ | 0.2 |   |
| Interest                  cost                                      |   |                              | 3.6    |                            |   | 3.5 |   |   | 0.9 |   |   | 0.8 |   |
| Expected                  return on plan assets                     |   |                              | (4.5   | )                               |   | (3.9 | ) |   | - |   |   | - |   |
| Amortization                  of unrecognized transition obligation |   |                              | -      |                            |   | - |   |   | 0.3 |   |   | 0.3 |   |
| Prior                  service cost recognized                      |   |                              | -      |                            |   | - |   |   | 0.1 |   |   | 0.1 |   |
| Recognized                  loss                                    |   |                              | 1.8    |                            |   | 1.0 |   |   | 0.1 |   |   | - |   |
| Gain                  or loss due to settlement or curtailment      |   |                              | 1.0    |                            |   | - |   |   | - |   |   | - |   |
| Net                  pension expense                                |   | $                                 | 1.9    |                            | $      | 0.6 |   | $ | 1.7 |   | $ | 1.4 |   |

|   | On                  December 31, 2004, we froze the accumulation of benefits available                  under                  our principal deferred pension                  plan. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Weighted-average                  assumptions used to determine net cost for each of the quarters                  ending                  March 31, 2006, and 2005 are as                  follows: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                            |   | Pension                  Benefits |   | Other                  Benefits |   |
|-------------------------------------------------|--------|-----------------------------------|--------|---------------------------------|--------|
|                                            |   | 2006                              |   | 2005                            |   | 2006 |   | 2005 |   |
|                                            |   |                              |   |                            |   |   |   |   |   |
| Discount                  rate                  |   |                              | 5.50   | %                               |   | 6.00 | % |   | 5.50 | % |   | 6.00 | % |
| Expected                  return on plan assets |   |                              | 8.25   | %                               |   | 8.00 | % |   | N/A |   |   | N/A |   |
| Rate                  of compensation increase  |   |                              | N/A    |                            |   | 4.63 | % |   | N/A |   |   | 4.63 | % |

**6.**
**COMMITMENTS        AND CONTINGENCIES **

*General*

*Litigation        Not in the Ordinary Course of Business*

----

----

*Regulatory        Investigations and Inquiries*

----

** **

----

----

**7.**
**SHAREHOLDERS’        EQUITY **

| **8.** | **WRITE-OFF                  OF INTANGIBLE AND OTHER LONG-LIVED                  ASSETS** |
|--------|-------------------------------------------------------------------------------------------|

| **9.** | **SEGMENT                  INFORMATION** |
|--------|------------------------------------------|

----

|                                 |   | OperatingRevenue               |   | Personnel                  Cost |   | Depreciation |   | Amortization                  of Intangible                  Assets |   | Income                  Before Taxes |   |
|--------------------------------------|--------|--------------------------------|--------|---------------------------------|--------|--------------|--------|---------------------------------------------------------------------|--------|--------------------------------------|--------|
|                                 |   | (In                  millions) |   |
| 2006                                 |   |                           |   |                            |   |         |   |                                                                |   |                                 |   |   |   |   |   |   |
| Title                  Operations    |   | $                              | 819.0  |                            | $      | 228.2        |   | $                                                                   | 5.6    |                                 | $      | 2.4 |   | $ | 50.6 |   |
| Lender                  Services     |   |                           | 57.8   |                            |   | 24.6         |   |                                                                | 1.1    |                                 |   | 2.6 |   |   | 2.3 |   |
| Financial                  Services  |   |                           | 0.2    |                            |   | 0.6          |   |                                                                | -      |                                 |   | - |   |   | 4.0 |   |
| Corporate                  and Other |   |                           | 25.3   |                            |   | 23.3         |   |                                                                | 1.1    |                                 |   | 1.3 |   |   | (38.4 | ) |
| Total                                |   | $                              | 902.3  |                            | $      | 276.7        |   | $                                                                   | 7.8    |                                 | $      | 6.3 |   | $ | 18.5 |   |
|                                 |   |                           |   |                            |   |         |   |                                                                |   |                                 |   |   |   |   |   |   |
| 2005                  (as restated)  |   |                           |   |                            |   |         |   |                                                                |   |                                 |   |   |   |   |   |   |
| Title                  Operations    |   | $                              | 715.5  |                            | $      | 208.6        |   | $                                                                   | 4.9    |                                 | $      | 2.3 |   | $ | 46.4 |   |
| Lender                  Services     |   |                           | 78.2   |                            |   | 22.0         |   |                                                                | 1.0    |                                 |   | 3.8 |   |   | 25.8 |   |
| Financial                  Services  |   |                           | 0.1    |                            |   | 0.6          |   |                                                                | -      |                                 |   | 0.1 |   |   | 2.9 |   |
| Corporate                  and Other |   |                           | 19.7   |                            |   | 16.1         |   |                                                                | 0.9    |                                 |   | 0.8 |   |   | (21.3 | ) |
| Total                                |   | $                              | 813.5  |                            | $      | 247.3        |   | $                                                                   | 6.8    |                                 | $      | 7.0 |   | $ | 53.8 |   |

----

**ITEM      2.**
**MANAGEMENT'S      DISCUSSION AND ANALYSIS OF FINANCIAL**

**CONDITION      AND RESULTS OF OPERATIONS**

**Overview**

***Critical      Accounting Estimates***

**Results      of Operations**

***Operating      Revenue***
* *

* *

----

|                               |   | Three                Months Ended March 31, |   |
|------------------------------------|--------|---------------------------------------------|--------|
|                               |   | 2006                                        |   | 2005 |   |
|                               |   |                                        |   |   |   | (as                restated) |   |
|                               |   | (Dollars                in millions)        |   |
| Title                Operations    |   |                                        |   |   |   |   |   |   |   |
| Direct                Operations   |   | $                                           | 340.8  |   |   | 37.8 | % | $ | 308.6 |   |   | 38.0 | % |
| Agency                Operations   |   |                                        | 478.2  |   |   | 53.0 |   |   | 406.9 |   |   | 50.0 |   |
|                               |   |                                        | 819.0  |   |   | 90.8 |   |   | 715.5 |   |   | 88.0 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Lender                Services     |   |                                        | 57.8   |   |   | 6.4 |   |   | 78.2 |   |   | 9.6 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Financial                Services  |   |                                        | 0.2    |   |   | - |   |   | 0.1 |   |   | - |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                and Other |   |                                        | 25.3   |   |   | 2.8 |   |   | 19.7 |   |   | 2.4 |   |
| Total                              |   | $                                           | 902.3  |   |   | 100.0 | % | $ | 813.5 |   |   | 100.0 | % |

*Title      Operations *
*-*
* *

*Lender      Services *
*-*
* *

----

*Corporate      and Other *
*-*
* *

***Investment      and Other Income***

***Net      Realized Investment Gains***

***Salary      and Employee Benefits***

|                               |   | Three                Months Ended March 31, |   |
|------------------------------------|--------|---------------------------------------------|--------|
|                               |   | 2006                                        |   | 2005 |   |
|                               |   | (Dollars                in millions)        |   |
| Title                Operations    |   | $                                           | 228.2  |   |   | 82.5 | % | $ | 208.6 |   |   | 84.4 | % |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Lender                Services     |   |                                        | 24.6   |   |   | 8.9 |   |   | 22.0 |   |   | 8.9 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Financial                Services  |   |                                        | 0.6    |   |   | 0.2 |   |   | 0.6 |   |   | 0.2 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                and Other |   |                                        | 23.3   |   |   | 8.4 |   |   | 16.1 |   |   | 6.5 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Total                              |   | $                                           | 276.7  |   |   | 100.0 | % | $ | 247.3 |   |   | 100.0 | % |

*Title      Operations - *

----

*Lender      Services *

*Corporate      and Other*

***Agent      Commissions***

|                                |   | 2006                                 |   | 2005   |   |
|-------------------------------------|--------|--------------------------------------|--------|--------|--------|
|                                |   | (Dollars                in millions) |   |
| Agent                commissions    |   | $                                    | 383.1  |   | $      | 324.6 |   |
|                                |   |                                 |   |   |   |   |   |
| Agent                revenue        |   | $                                    | 478.2  |   | $      | 406.9 |   |
|                                |   |                                 |   |   |   |   |   |
| %                Retained by agents |   |                                 | 80.1   | %      |   | 79.8 | % |

***Provision      for Policy and Contract Claims***

----

***Write-off      of Intangible and Other Long-Lived Assets***

***Amortization***

***Interest      Expense***
** **

***Premium      Taxes***

***General,      Administrative and Other***

----

|                               |   | Three                Months Ended March 31, |   |
|------------------------------------|--------|---------------------------------------------|--------|
|                               |   | 2006                                        |   | 2005 |   |
|                               |   | (Dollars                in millions)        |   |
| Title                Insurance     |   | $                                           | 115.8  |   |   | 68.8 | % | $ | 95.6 |   |   | 68.1 | % |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Lender                Services     |   |                                        | 27.9   |   |   | 16.6 |   |   | 25.8 |   |   | 18.3 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Financial                Services  |   |                                        | 0.2    |   |   | 0.1 |   |   | 0.3 |   |   | 0.2 |   |
|                               |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Corporate                and Other |   |                                        | 24.3   |   |   | 14.5 |   |   | 18.8 |   |   | 13.4 |   |
| Total                              |   | $                                           | 168.2  |   |   | 100.0 | % | $ | 140.6 |   |   | 100.0 | % |

*Title      Operations - *

*Lender      Services - *

*Financial      Services*

*Corporate      and Other*

***Operating      Income***

*Title      Operations*

*Lender      Services -*

----

|                                                      |   | March                31,             |   |
|-----------------------------------------------------------|--------|--------------------------------------|--------|
|                                                      |   | 2006                                 |   | 2005 |   |
|                                                      |   |                                 |   | (as                restated) |   |
|                                                      |   |                                 |   |
|                                                      |   | (Dollars                in millions) |   |
|                                                      |   |                                 |   |   |   |
| Operating                revenue                          |   | $                                    | 57.8   |   | $ | 78.2 |   |
| Add                net revenue deferrals                  |   |                                 | 3.0    |   |   | (15.3 | ) |
| Adjusted                operating revenue                 |   |                                 | 60.8   |   |   | 62.9 |   |
| Operating                income before taxes              |   |                                 | 2.3    |   |   | 25.8 |   |
| Change                in net revenue deferrals            |   |                                 | 3.0    |   |   | (15.3 | ) |
| Add                back:                                  |   |                                 |   |   |   |   |   |
| Amortization                expense                       |   |                                 | 2.6    |   |   | 3.8 |   |
| PRBDA                                                     |   | $                                    | 7.9    |   | $ | 14.3 |   |
| PRBDA                to adjusted operating revenue margin |   |                                 | 13.0   | % |   | 22.7 | % |

*Financial      Services - *

----

***Income      Taxes***
** **

***Net      Income***
** **

----

|                                                                      |   | Quarter                Ended March 31,              |   |
|---------------------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                      |   | 2006                                                |   | 2005 |   |
|                                                                      |   |                                                |   | (as                restated) |   |
|                                                                      |   |                                                |   |   |   |
|                                                                      |   | (In                millions, except per share data) |   |
|                                                                      |   |                                                |   |   |   |
| Operating                revenue, as reported                             |   | $                                                   | 902.3  |   | $ | 813.5 |   |
| Deduct:                                                                   |   |                                                |   |   |   |   |   |
| Recognition                of deferred income                             |   |                                                | -      |   |   | (25.8 | ) |
| Adjusted                operating revenue                                 |   | $                                                   | 902.3  |   | $ | 787.7 |   |
|                                                                      |   |                                                |   |   |   |   |   |
| Income                before income taxes, as reported                    |   | $                                                   | 18.5   |   | $ | 53.8 |   |
| Add                back:                                                  |   |                                                |   |   |   |   |   |
| Write-off                of intangible and other long-lived assets        |   |                                                | 9.7    |   |   | - |   |
|                                                                      |   |                                                | 28.2   |   |   | 53.8 |   |
| Deduct:                                                                   |   |                                                |   |   |   |   |   |
| Recognition                of deferred income                             |   |                                                | -      |   |   | (25.8 | ) |
| Adjusted                income before income taxes                        |   | $                                                   | 28.2   |   | $ | 28.0 |   |
|                                                                      |   |                                                |   |   |   |   |   |
| Net                income, as reported                                    |   | $                                                   | 13.7   |   | $ | 33.2 |   |
| Add                back:                                                  |   |                                                |   |   |   |   |   |
| Write-off                of intangible and other long-lived assets        |   |                                                | 6.3    |   |   | - |   |
|                                                                      |   |                                                | 20.0   |   |   | 33.2 |   |
| Deduct:                                                                   |   |                                                |   |   |   |   |   |
| Recognition                of deferred income                             |   |                                                | -      |   |   | (15.5 | ) |
| Adjusted                net income                                        |   | $                                                   | 20.0   |   | $ | 17.7 |   |
|                                                                      |   |                                                |   |   |   |   |   |
| Net                income per common share assuming dilution, as reported |   | $                                                   | 0.78   |   | $ | 1.85 |   |
| Add                back:                                                  |   |                                                |   |   |   |   |   |
| Write-off                of intangible and other long-lived assets        |   |                                                | 0.36   |   |   | - |   |
|                                                                      |   |                                                | 1.14   |   |   | 1.85 |   |
| Deduct:                                                                   |   |                                                |   |   |   |   |   |
| Recognition                of deferred income                             |   |                                                | -      |   |   | (0.86 | ) |
| Adjusted                net income per common share assuming dilution     |   | $                                                   | 1.14   |   | $ | 0.99 |   |

**Liquidity      and Capital Resources**

----

**Interest      Rate Risk**

----

| Interest                  Rate Sensitivity                                       |   |
|----------------------------------------------------------------------------------|--------|
| Principal                  Amount by Expected Maturity                           |   |
| Average                  Interest Rate                                           |   |
| (Dollars                  in millions)                                           |   |
|                                                                             |   | 2006 |   | 2007 |   | 2008 |   | 2009 |   | 2010 |   | 2011                  andAfter |   | Total |   | Fair                  Value |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets:                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                  available-for-sale securities:                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book                  value                                                      |   | $ | 21.7 |   | $ | 47.9 |   | $ | 64.2 |   | $ | 73.8 |   | $ | 50.3 |   | $ | 481.8 |   | $ | 739.7 |   | $ | 728.9 |   |
| Average                  yield                                                   |   |   | 5.47 | % |   | 4.59 | % |   | 4.44 | % |   | 4.72 | % |   | 4.83 | % |   | 5.29 | % |   | 5.09 | % |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-taxable                  available-for-sale securities:                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book                  value                                                      |   |   | 6.4 |   |   | 8.4 |   |   | 27.6 |   |   | 17.0 |   |   | 20.8 |   |   | 361.8 |   |   | 442.0 |   |   | 447.2 |   |
| Average                  yield                                                   |   |   | 3.73 | % |   | 4.24 | % |   | 4.27 | % |   | 4.29 | % |   | 4.24 | % |   | 4.37 | % |   | 4.34 | % |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                  Receivable*                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book                  Value                                                      |   |   | 1.9 |   |   | 0.6 |   |   | 0.7 |   |   | 3.3 |   |   | 5.7 |   |   | 430.6 |   |   | 442.8 |   |   | 439.8 |   |
| Average                  Yield                                                   |   |   | 9.2 | % |   | 8.9 | % |   | 7.6 | % |   | 8.0 | % |   | 15.0 | % |   | 6.8 | % |   | 6.9 | % |   |   |   |
|                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred                  stock:                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book                  value                                                      |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 8.2 |   |   | 8.2 |   |   | 8.2 |   |
| Average                  yield                                                   |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 3.20 | % |   | 3.20 | % |   |   |   |
|                                                                             |
| *Excludes                  reserves, discounts and other                  costs. |

**Regulatory      Investigations and Inquiries **

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** **

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**Forward-Looking      and Cautionary Statements**

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**ITEM      3.**
**QUANTITATIVE      AND QUALITATIVE DISCLOSURES **

**ABOUT      MARKET RISK**

**ITEM      4.**
**CONTROLS      AND PROCEDURES**

**Evaluation      of Disclosure Controls and Procedures**

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**Remediation      of Material Weakness in Internal Control**

**Changes      in Internal Controls**

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**PART      II. OTHER INFORMATION**

**ITEM      1.**
**LEGAL      PROCEEDINGS**

| **ITEM                2.** | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS** |
|----------------------------|-----------------------------------------------------------------------------------------------|

| (c) | The                following table sets forth the details of purchases of common stock                under                our share purchase plans and our Executive Voluntary Deferral Plan                and                Outside Directors Deferral Plan that occurred in the first quarter                of                2006: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Period                                              |   | Total                Numberof                Shares Purchased |   | Average                PricePaid                per Share |   | Total                Number of SharesPurchased                as Part ofPublicly                AnnouncedPlans                or Programs |   | Maximum                Number ofShares                that May YetBe                Purchased Underthe                Plans or Programs |   |
|-----------------------------------------------------|--------|---------------------------------------------------------------|--------|-----------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                |   |                                                          |   |                                                      |   |                                                                                                                                      |   |                                                                                                                                    |   |
| January                1 through January 31, 2006   |   |                                                          | 60,000 |                                                      | $      | 65.03                                                                                                                                     |   |                                                                                                                                    | 60,000 |   |   | 1,778,865 |   |
| February                1 through February 28, 2006 |   |                                                          | 57,000 |                                                      | $      | 63.59                                                                                                                                     |   |                                                                                                                                    | 57,000 |   |   | 1,721,865 |   |
| March                1 through March 31, 2006       |   |                                                          | 69,000 |                                                      | $      | 65.83                                                                                                                                     |   |                                                                                                                                    | 69,000 |   |   | 1,652,865 |   |

|   | (1) | A                  total of 186,000 shares of our common stock were purchased in connection                  with two employee benefit plans during the first quarter 2006.                  These                  repurchases were made in open-market transactions on behalf of                  a trust                  maintained by us for the Executive Voluntary Deferral Plan and                  the Outside                  Directors Deferral Plan. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | On                  October 26, 2005, we announced an additional share purchase plan                  providing                  for the purchase of up to 1,250,000 shares of our common stock                  expiring at                  the end of July 2007. As of March 31, 2006, we had purchased 186,000                  shares authorized under this purchase                  plan. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM      5.**
**OTHER      INFORMATION.**

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**ITEM      6.**
**    EXHIBITS      **

| Exhibit                No.      |   | Document                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                            |   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.1                            |   | Agreement                and Plan of Merger by and among LandAmerica Financial Group, Inc.,                CTG                Acquisition Corporation and Capital Title Group, Inc. dated March                28,                2006, incorporated by reference to Exhibit 2.1 to the Registrant’s Current                Report on Form 8-K, dated March 29, 2006, File No.                1-13990. |
|                            |   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 31.1                            |   | Rule                13a-14(a) Certification of Chief Executive Officer*                                                                                                                                                                                                                                                                                                                                      |
|                            |   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 31.2                            |   | Rule                13a-14(a) Certification of Chief Financial Officer*                                                                                                                                                                                                                                                                                                                                      |
|                            |   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 32.1                            |   | Statement                of Chief Executive Officer Pursuant to 18 U.S.C. Section                1350*                                                                                                                                                                                                                                                                                                       |
|                            |   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 32.2                            |   | Statement                of Chief Financial Officer Pursuant to 18 U.S.C. Section                1350*                                                                                                                                                                                                                                                                                                       |
|                            |   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| *Filed                herewith. |

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**SIGNATURE**

|                             |   | **LANDAMERICA                FINANCIAL GROUP, INC**. |
|----------------------------------|--------|------------------------------------------------------|
|                             |   | (Registrant)                                         |   |
|                             |   |                                                 |   |
|                             |   |                                                 |   |
|                             |   |                                                 |   |
|                             |   |                                                 |   |
| Date:                May 2, 2006 |   | /s/                Christine R. Vlahcevic            |   |
|                             |   | Christine                R. Vlahcevic                |   |
|                             |   | Senior                Vice President-                |   |
|                             |   | Corporate                Controller                  |   |
|                             |   | (Principal                Accounting Officer)        |   |

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**EXHIBIT      INDEX**

| No.    | Description                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.1   | Agreement                and Plan of Merger by and among LandAmerica Financial Group, Inc.,                CTG                Acquisition Corporation and Capital Title Group, Inc. dated March                28,                2006, incorporated by reference to Exhibit 2.1 to the Registrant’s Current                Report on Form 8-K, dated March 29, 2006, File No.                1-13990. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 31.1   | Rule                13a-14(a) Certification of Chief Executive Officer                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 31.2   | Rule                13a-14(a) Certification of Chief Financial Officer                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 32.1   | Statement                of Chief Executive Officer Pursuant to 18 U.S.C. Section                1350                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                         |
| 32.2   | Statement                of Chief Financial Officer Pursuant to 18 U.S.C. Section                1350                                                                                                                                                                                                                                                                                                        |

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