SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                    FORM 10-Q

                   QUARTERLY REPORT UNDER SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended September 30, 1999          Commission  File  Number  0-6964
                                                                        ------


                             20TH CENTURY INDUSTRIES
                             -----------------------
             (Exact name of registrant as specified in its charter)



        CALIFORNIA                                       95-1935264
        ----------                                       ----------
(State or other jurisdiction of                (I.R.S. Employer Identification
incorporation or organization)                             Number)


Suite 700,  6301 Owensmouth Avenue, Woodland Hills, California           91367
------------------------------------------------------------------------------
         (Address of principal executive offices)                   (Zip Code)


Registrant's  telephone  number,  including  area  code        (818)  704-3700
                                                               ---------------

                                      None
                                      ----
     Former name, former address and former fiscal year, if changed since last
                                     report.

Indicate by check mark whether the registrant (1) has filed all reports required
to  be  filed  by  Section  13  or 15 (d) of the Securities Exchange Act of 1934
during  the  preceding 12 months (or for such shorter period that the registrant
was  required  to  file  such  reports), and (2) has been subject to such filing
requirements  for  the  past  90  days.

YES       X                         NO
     ------------                       ------------

       Indicate the number of shares outstanding of each of the issuer's classes
of  common  stock,  as  of  the  latest  practicable  date.

               Class                            Outstanding at October 29, 1999
Common Stock, Without Par Value                        86,802,464 shares



                                        1
<PAGE>

                          PART I - FINANCIAL INFORMATION

ITEM  1.     FINANCIAL  STATEMENTS

<TABLE>
<CAPTION>

                    20TH  CENTURY INDUSTRIES AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

                                     ASSETS

                                                  September 30,   December 31,
                                                       1999           1998
                                                  --------------  -------------
                                                    (Unaudited)
                                                       (Amounts in thousands)
<S>                                               <C>             <C>
Investments, available-for-sale, at fair value:
  Fixed maturities . . . . . . . . . . . . . . .  $      967,729  $   1,067,248
  Equity securities. . . . . . . . . . . . . . .           2,125          1,373
                                                  --------------  -------------
       Total investments - Note 3. . . . . . . .         969,854      1,068,621
Cash and cash equivalents. . . . . . . . . . . .          79,909        167,856
Accrued investment income. . . . . . . . . . . .          16,736         19,542
Premiums receivable. . . . . . . . . . . . . . .          72,813         70,884
Reinsurance receivables and recoverables . . . .          55,874         66,823
Prepaid reinsurance premiums . . . . . . . . . .          36,775         31,589
Deferred income taxes. . . . . . . . . . . . . .          88,156         74,330
Deferred policy acquisition costs. . . . . . . .          20,868         16,100
Other assets . . . . . . . . . . . . . . . . . .          89,722         77,411
                                                  --------------  -------------
                                                  $    1,430,707  $   1,593,156
                                                  ==============  =============

</TABLE>

       See  accompanying  notes  to  financial  statements.

                                        2
<PAGE>

<TABLE>
<CAPTION>

                    20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEETS (continued)

                       LIABILITIES AND STOCKHOLDERS' EQUITY

                                                         September 30,   December 31,
                                                             1999            1998
                                                        ---------------  -------------
                                                          (Unaudited)
                                             (Amounts in thousands, except share data)
<S>                                                     <C>              <C>
Unpaid losses and loss adjustment expenses . . . . . .  $      276,620   $     382,003
Unearned premiums. . . . . . . . . . . . . . . . . . .         238,518         233,689
Bank loan payable. . . . . . . . . . . . . . . . . . .          78,750         112,500
Claims checks payable. . . . . . . . . . . . . . . . .          34,172          34,311
Reinsurance payable. . . . . . . . . . . . . . . . . .          21,527          20,628
Other liabilities. . . . . . . . . . . . . . . . . . .          29,192          24,423
                                                        ---------------  -------------
      Total liabilities. . . . . . . . . . . . . . . .         678,779         807,554

Stockholders' equity
   Capital Stock
      Preferred stock, par value $1.00 per share;
      authorized 500,000 shares, none issued . . . . .               -               -

      Series A convertible preferred stock, par value
      $1.00 per share, stated value $1,000 per share;
      authorized 376,126 shares, none outstanding
      in 1999 and 1998 . . . . . . . . . . . . . . . .               -               -

      Common stock, without par value;  authorized
      110,000,000 shares, outstanding 86,886,164
      in 1999 and 87,624,531 in 1998 . . . . . . . . .         448,526         462,268

   Accumulated other comprehensive income (loss) . . .         (34,776)         23,387

   Retained earnings . . . . . . . . . . . . . . . . .         338,178         299,947
                                                        ---------------  -------------
      Total stockholders' equity . . . . . . . . . . .         751,928         785,602
                                                        ---------------  -------------
                                                        $    1,430,707   $   1,593,156
                                                        ===============  =============

</TABLE>

See  accompanying  notes  to  financial  statements.

                                        3
<PAGE>


<TABLE>
<CAPTION>

                                  20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                                     CONSOLIDATED STATEMENTS OF INCOME
                                                (Unaudited)

                                                Three Months Ended     Nine Months Ended
                                                    September 30,        September 30,
                                               ---------------------  --------------------
                                                  1999        1998       1999      1998
                                               ----------  ---------  ---------  ---------
                                             (Amounts in thousands, except per share data)
<S>                                            <C>         <C>        <C>        <C>
REVENUES:

Net premiums earned . . . . . . . . . . . . .  $ 191,234   $ 193,506  $ 577,879  $ 578,890
Net investment income . . . . . . . . . . . .     14,681      19,197     48,781     55,791
Realized investment gains (losses). .             (7,195)      6,920      3,343     17,837
                                               ----------  ---------  ---------  ---------
                                                 198,720     219,623    630,003    652,518

LOSSES AND EXPENSES:

Net losses and loss
   adjustment expenses. . . . . . . . . .        148,086     139,182    436,465    424,696
Policy acquisition costs. . . . . . .             21,270      12,027     60,034     43,141
Other operating expenses. . . . . . . . .          3,786       7,408     13,237     13,842
Interest and fees expense . . . . . . .            1,691       2,515      5,408      8,030
                                               ----------  ---------  ---------  ---------
                                                 174,833     161,132    515,144    489,709
                                               ----------  ---------  ---------  ---------

Income before federal
   income taxes . . . . . . . . . .               23,887      58,491    114,859    162,809

Federal income taxes - Note 4 . . . .              5,515      20,306     34,650     56,583
                                               ----------  ---------  ---------  ---------

NET INCOME. . . . . . . . . . . . . . . . . .  $   18,372  $  38,185  $  80,209  $ 106,226
                                               ==========  =========  =========  =========

EARNINGS PER COMMON SHARE - Note 2
----------------------------------

BASIC. . . . . . . . . . . . . . .             $     0.21  $    0.49  $    0.92  $    1.60
                                               ==========  =========  =========  =========

DILUTED. . . . . . . . . . . . . .             $     0.21  $    0.44      $0.92  $    1.27
                                               ==========  =========  =========  =========

</TABLE>

See  accompanying  notes  to  financial  statements.

                                        4
<PAGE>

<TABLE>
<CAPTION>

                            20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                         CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                          (Unaudited)
                              Nine Months Ended September 30, 1999
                              ------------------------------------

                                   Accumulated
                                      Other
                                      Common       Retained    Comprehensive
                                      Stock        Earnings       Income        Total
                                 ---------------  ----------  ---------------  --------
                                                (Amounts in thousands)
<S>                              <C>              <C>         <C>              <C>
Balance at January 1, 1999. . .  $      462,268   $ 299,947   $       23,387   $785,602
Comprehensive income:
Net income. . . . . . . . . . .                      80,209                      80,209
Change in accumulated other
   comprehensive income, net -
   Note 3 . . . . . . . . . . .                                      (58,163)   (58,163)
                                                                              ---------
Total comprehensive income. . .                                                  22,046
Cash dividends declared . . . .                     (41,978)                    (41,978)
Common stock repurchased
   (781,200 shares) . . .                (14,381)                               (14,381)
Other . . . . . . . . .                      639                                    639
                                 ---------------  ----------  ---------------  --------

Balance at September 30, 1999 .  $       448,526  $  338,178  $      (34,776)  $751,928
                                 ===============  ==========  ===============  ========

</TABLE>

                See  accompanying  notes  to  financial  statements.

                                        5
<PAGE>

<TABLE>
<CAPTION>

               20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                    Nine Months Ended
                                                     September 30,
                                                 ---------------------
                                                    1999       1998
                                                 ----------  ---------
                                                       (Unaudited)
                                                 (Amounts in thousands)
OPERATING ACTIVITIES:
<S>                                              <C>         <C>
Net income. . . . . . . . . . . . . . . . . . .  $  80,209   $106,226
Adjustments to reconcile net income
   to net cash provided by operating
   activities:

   Provision for depreciation and amortization.      9,853      6,202
   Provision for deferred income taxes. . . . .     17,493     53,662
   Realized gains on sale of investments. . . .     (3,462)   (17,837)
   Federal income taxes . . . . . . . . . . . .     10,932        329
   Reinsurance balances . . . . . . . . . . . .      6,662      1,613
   Unpaid losses and loss adjustment expenses .   (105,383)   (86,297)
   Unearned premiums. . . . . . . . . . . . . .      4,829      7,437
   Claims checks payable. . . . . . . . . . . .       (139)    (2,981)
   Other. . . . . . . . . . . . . . . . . . . .     (1,238)    (1,888)
                                                 ----------  ---------
     NET CASH PROVIDED BY
        OPERATING ACTIVITIES. . . . . . . . . .  $  19,756   $ 66,466
</TABLE>

                                        6
<PAGE>

<TABLE>
<CAPTION>

                      20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

                                                       Nine Months Ended
                                                         September 30,
                                                     ---------------------
                                                         1999       1998
                                                     ----------  ---------
                                                          (Unaudited)
                                                     (Amounts in thousands)
<S>                                                  <C>         <C>
INVESTING ACTIVITIES:
   Investments available-for-sale:
     Purchases. . . . . . . . . . . . . . . . . . .  $(718,136)  $(674,399)
     Calls or maturities. . . . . . . . . . . . .        5,040      16,262
     Sales. . . . . . . . . . . . . . . . . . . . .    725,115     688,360
   Net purchases of property and equipment. . .        (29,613)    (22,721)
                                                     ----------  ---------
       NET CASH PROVIDED BY (USED IN)
          INVESTING ACTIVITIES. . . . .  .             (17,594)      7,502
                                                     ----------  ---------

FINANCING ACTIVITIES:
   Proceeds from exercise of common stock warrants.          -     145,600
   Bank loan principal repayment. . . . . . . .        (33,750)    (33,750)
   Common stock repurchased . . . . . . ..             (14,381)          -
   Dividends paid . . . . . . . . . . . . .            (41,978)    (37,587)
                                                     ----------  ---------
       NET CASH PROVIDED BY (USED IN)
          FINANCING ACTIVITIES. . . . . ..             (90,109)     74,263
                                                     ----------  ---------

Net increase (decrease) in cash . . . . .              (87,947)    148,231

Cash and cash equivalents, beginning of year. . .      167,856      31,268
                                                     ----------  ---------
Cash and cash equivalents, end of quarter . . . . .  $   79,909   $ 179,499
                                                     ==========  ==========

</TABLE>

See  accompanying  notes  to  financial  statements.

                                        7
<PAGE>

                      20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)

                               September 30, 1999

1.     Basis  of  Presentation

The  accompanying unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting  principles  for  interim
financial  information  and  the  instructions  to  Form  10-Q and Article 10 of
Regulation  S-X.  Accordingly,  they  do  not include all of the information and
footnotes  required  by  generally  accepted  accounting principles for complete
financial statements.  In the opinion of management, all adjustments (consisting
of normal, recurring accruals) considered necessary for a fair presentation have
been  included.  Operating results for either the three or the nine-month period
ended September 30, 1999, are not necessarily indicative of the results that may
be expected for the year ended December 31, 1999. For further information, refer
to  the consolidated financial statements and notes thereto included in the 20th
Century  Industries  Annual  Report on Form 10-K for the year ended December 31,
1998.

Certain  amounts  in  the  1998  financial  statements have been reclassified to
conform  to  the  1999  presentation.

                                        8
<PAGE>

     2.  Earnings  Per  Common  Share

     The  following  table  sets  forth  the  computation  of  basic and diluted
earnings  per  share:

<TABLE>
<CAPTION>

                                                   Three Months Ended       Nine Months Ended
                                                      September 30,           September 30,
                                                 ----------------------  -----------------------
                                                    1999        1998        1999         1998
                                                 ----------  ----------  ----------  -----------
                                                  (Amounts in thousands, except per share data)
<S>                                              <C>         <C>         <C>         <C>
Numerator:
  Net income. . . . . . . . . . . . . . . . . .  $   18,372  $   38,185  $   80,209  $  106,226
  Preferred stock dividends . . . . .                     -           -           -     (10,123)
                                                 ----------  ----------  ----------  -----------

Numerator for basic earnings per share:
  Income available to common stockholders . . .      18,372      38,185      80,209      96,103

Effect of dilutive securities:
  Dividends on convertible preferred stock. . .           -           -           -      10,123
                                                 ----------  ----------  ----------  -----------

Numerator for diluted earnings per share:
  Income available to common stockholders
  after assumed conversions . . . . . . . . . .  $   18,372  $   38,185  $   80,209  $  106,226
                                                 ==========  ==========  ==========  ===========

Denominator:
Denominator for basic earnings per share:
  Weighted-average shares outstanding . . . .        86,995      77,148      87,393      60,098

Effect of dilutive securities:
Restricted stock grants . . . . . . . . . . . .          50          45          50         105
Employee stock options. . . . . . . . . . .              56         289          57         344
Warrants. . . . . . . . . . . . . . .                     -       2,995           -       8,194
Convertible preferred stock . . . . . . . . .             -       5,764           -      15,157
                                                 ----------  ----------  ----------  -----------
Dilutive potential common shares. . . . . . .           106       9,093         107      23,800

Denominator for diluted earnings per share:
  Adjusted weighted-average shares outstanding.      87,101      86,241      87,500      83,898
                                                 ==========  ==========  ==========  ===========

Basic earnings per share. . . . . . . . . . . .  $     0.21  $     0.49  $     0.92  $     1.60
                                                 ==========  ==========  ==========  ===========

Diluted earnings per share. . . . . . . . . . .  $     0.21  $     0.44  $     0.92  $     1.27
                                                 ==========  ==========  ==========  ===========

</TABLE>

                                        9
<PAGE>

3.  Investments

     The  amortized  cost, gross unrealized gains and losses, and fair values of
investments  as  of  September  30,  1999,  are  as  follows:

<TABLE>
<CAPTION>

                                                         Gross        Gross
                                           Amortized   Unrealized   Unrealized     Fair
                                             Cost        Gains        Losses      Value
                                          ----------  -----------  -----------  ----------
                                                      (Amounts in thousands)
<S>                                       <C>         <C>          <C>          <C>
U.S. Treasury securities and
    obligations of U.S. government
    corporations and agencies. . . .      $   15,560  $        14  $       560  $   15,014

 Obligations of states and political
    subdivisions . . . . . . . . . .         859,906        1,441       46,065     815,282

 Corporate securities. . . . .               147,640          201       10,408     137,433
                                          ----------  -----------  -----------  ----------

    Total fixed maturities . . . .         1,023,106        1,656       57,033     967,729

 Equity securities . . . . . . . .               250        1,875            -       2,125
                                          ----------  -----------  -----------  ----------

    Total investments. . . . . . . .      $1,023,356  $     3,531  $    57,033  $  969,854
                                          ==========  ===========  ===========  ==========

</TABLE>

Details  follow concerning the change during the nine months ended September 30,
1999,  in  the  after-tax  net  unrealized gain or loss on investments, which is
included  in  the  equity  section  of  the consolidated balance sheet under the
caption  "accumulated other comprehensive income (loss)" (amounts in thousands):

<TABLE>
<CAPTION>

<S>                                                                     <C>
Unrealized loss on available-for-sale investments, net of income
   tax benefit of $30,106. . . . . . . . . . . . . . . . . . . . . . .  $(55,912)
Less:  reclassification adjustment for gains or losses included in net
   income, net of income tax expense of $1,212 . . . . . . . . . . . .    (2,251)
                                                                        ---------

Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $(58,163)
                                                                        =========

</TABLE>

                                       10
<PAGE>

4.     Federal  Income  Taxes

     Income  taxes  do  not  bear  the  expected  relationship to pre-tax income
because of tax-exempt investment income and other differences in the recognition
of  revenue  and expenses for tax and financial statement purposes. At September
30,  1999,  the  Company  had a net operating loss carryforward of approximately
$82.4  million  for  regular  tax purposes and an alternative minimum tax credit
carryforward  of $34.5 million.  The net operating loss carryforward will expire
in 2009.  Alternative minimum tax credits may be carried forward indefinitely to
offset  future  regular  tax  liabilities.

     Federal  income  tax  expense  consists  of:

<TABLE>
<CAPTION>

                   Nine Months Ended September 30,
                        ------------------
                          1999      1998
                        --------  --------
(Amounts in thousands)
<S>                     <C>       <C>
Current tax expense. .  $ 17,157  $  2,921
Deferred tax expense .    17,493    53,662
                        --------  --------
                        $ 34,650  $ 56,583
                        ========  ========

</TABLE>

                                       11
<PAGE>

                    20TH CENTURY INDUSTRIES AND SUBSIDIARIES

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
            OF  FINANCIAL  CONDITION  AND  RESULTS  OF  OPERATIONS

Liquidity  and  Capital  Resources
----------------------------------

The Company is principally dependent on premiums and its portfolio of marketable
securities  and  the  investment  income  thereon  to  pay  claims and operating
expenses  and  to  service outstanding debt.  Loss and loss expense payments are
the  most  significant  cash  flow  requirement  of  the  Company.  The  Company
continually  monitors  loss  payments  to  provide  projections  of  future cash
requirements.  Cash  flow from operations has continued to be sufficient to fund
the  Company's  needs  and  planned  future  expenditures.

Funds required by 20th Century Industries to pay dividends, debt obligations and
holding company expenses are provided by the insurance subsidiaries. The ability
of  the  insurance  subsidiaries  to  pay  dividends  to  the holding company is
regulated  by  state law, which allows the payment of up to the greater of prior
year  statutory  net  income  or  10% of surplus without prior approval from the
state.  As  of  September  30,  1999, the Company's insurance subsidiaries had a
combined  statutory  surplus  of $660.5 million compared to a combined statutory
surplus  of  $621.7  million  at  September 30, 1998. The Company's ratio of net
written  premium  to  surplus remained unchanged between September 30, 1998, and
September  30,  1999,  at  1.2:1.

Invested  assets  as  of  September  30,  1999, had a fair value of $1.0 billion
compared to $1.2 billion at December 31, 1998. The decrease includes a change in
unrealized  losses  of  $89.5  million.  All investments in fixed maturities are
investment  grade. To the extent practicable, the Company's investment portfolio
is  being  transitioned  from  taxable  to  nontaxable  securities to enable the
Company  to  minimize future tax payments in anticipation of fully utilizing its
remaining net operating loss carryforward. Of the Company's total investments at
September  30,  1999,  15.7%  were  invested  in taxable fixed-income securities
compared  to  74.9%  at  December  31,  1998  and  84.7% at September 30, 1998 .

                                       12
<PAGE>

The  fixed  maturity  available-for-sale portfolio is subject to decline in fair
value  as  interest  rates  rise.  As  of  September  30,  1999,  the  after-tax
unrealized loss on investments was $34.8 million, compared with a net unrealized
gain  of  $23.4 million as of December 31, 1998. The Company's strategy has been
to  minimize  the  realization  of  these  losses  by  holding  the  underlying
investments,  to the extent practicable, until they regain their value. However,
as  previously  mentioned, the Company is currently transitioning its investment
portfolio  to  a  primarily  nontaxable  basis and expects that some  unrealized
losses  may  be  realized  in  the  future.

At  October  1,  1999,  the Company has a variable rate credit line available of
$67.5 million, all of which is outstanding. Presently, interest is paid monthly;
interest  payments  for  the  first  nine  months  of 1999 totaled $4.2 million.
Principal repayments of $11.25 million are due on the first day of each calendar
quarter.

During  the second quarter of 1999, 20th Century's Board of Directors authorized
the expenditure of $50 million to purchase shares of the Company's common stock.
Implementation  of  the  stock  repurchase  program  began in June and continued
through  the  third  quarter.  As  of September  30,  1999,  781,200  shares had
been  repurchased  at  a  cost  of approximately  $14.5  million.

In August 1996, 20th Century Insurance Company of Arizona, a joint venture owned
51%  by  AIG and 49% by 20th Century Industries, began writing private passenger
automobile  policies  in that state.  As of September 30, 1999, insured vehicles
totaled  20,484, an increase of 38.5% over the total at September 30, 1998.  The
Company's  investment  in  and  advances to this venture totaled $4.8 million at
September  30, 1999, and is included in other assets in the consolidated balance
sheet.  The  Company's  equity in the net loss of this venture was $(61,000) and
$(333,000) for the three and nine months ended September 30, 1999, respectively,
and  $(84,000)  and  $(312,000)  for  the  same 1998 periods, and is included in
investment  income in the consolidated statements of

                                       13
<PAGE>

income. The statistical  and other  information  presented  hereinafter  do  not
include the activities of 20th Century  Insurance  Company  of  Arizona.

                                       14
Results  of  Operations
-----------------------

UNITS  IN  FORCE

Units  in  force for the Company's insurance programs as of September 30 were as
follows:

<TABLE>
<CAPTION>

                                  1999       1998
                                ---------  ---------
<S>                             <C>        <C>
Private Passenger Automobiles
   (number of vehicles). . . .  1,173,449  1,127,006
Homeowners
   (number of policies). . . .     51,564     56,305
Personal Umbrella
   (number of policies). . . .     12,887     12,161
                                ---------  ---------
Total. . . . . . . . . . . . .  1,237,900  1,195,472
                                =========  =========

</TABLE>

The core automobile business continued to grow in the first nine months of 1999.
During  the  fourth quarter of 1998, the Company began writing private passenger
automobile  policies in Nevada, Oregon and Washington, insuring more than 11,300
vehicles  in these states at September 30, 1999.  These new markets collectively
represent  approximately  six  million  vehicles.

The Company's voluntary auto units in force increased by 4.3% compared to a year
ago  from  1,121,615  units in force at September 30, 1998 to 1,170,316 units in
force  at  September  30,  1999.  Voluntary auto units grew 44,772 (4.0%) in the
first nine months of 1999, 19,576 (1.7%) of which occurred in the third quarter.
This compared to an increase in units of 56,872 (5.3%) for the first nine months
of  1998,  12,079  (1.1%)  of  which  occurred  in the third quarter. In view of
favorable  trends  in  loss  costs in 1997 and 1998, the Company lowered overall
rate  levels  approximately 3.4% and 3.2% in 1998 and 1997, respectively, and by
an additional 6.85% in February 1999.

                                       14
<PAGE>

The  Company's  position  in  the  homeowners market has always been intended to
complement  its  auto business and facilitate growth in that line.  Prior to its
mid-1994  suspension  of homeowner sales, 20th Century insured more than 210,000
homeowners  in  California,  of  which  more  than  40  percent  also  had their
automobiles insured by the Company.  Although the Company has continued to renew
its  existing  homeowners  policies,  receiving  permission  to  do  so from the
California  Department of Insurance ("CDOI") in mid February 1997, the number of
units in force for the homeowners program has been declining since 1994. In late
April  1999,  the  Company and the CDOI reached an agreement whereby the Company
was  permitted  to  resume  sales  of  new  homeowners  policies  in California.
Resumption  of  sales  began  in  September 1999.  As part of the agreement, the
Company  committed  $6  million  to  create a non-profit fund to benefit certain
individuals  and non-profit entities impacted by the Northridge earthquake.  The
Company  also  committed $750,000 for general use by the California Research and
Assistance  Fund and for public education and outreach activities.  The total of
$6.75  million  was  recorded  as  a  non-recurring pre-tax charge in the second
quarter  of  1999.

                                       15
<PAGE>

UNDERWRITING  RESULTS

Premium  revenue,  underwriting  results  and  combined ratios for the Company's
insurance  programs  were  as  follows:

<TABLE>
<CAPTION>

                            Three Months Ended     Nine Months Ended
                              September 30,           September 30,
                           --------------------  -- -----------------
                              1999       1998       1999       1998
                           ---------   --------   --------   --------
(Amounts in thousands)
Gross Premiums Written
<S>                         <C>        <C>        <C>        <C>
  Automobile . . . . . . .  $216,188   $218,299   $640,729   $644,309
  Homeowners . . . . . .       1,434      1,596     22,851     24,565
  Personal Umbrella. . . .       744        727      2,085      1,925
                            --------   --------   --------   --------
  Total. . . . . . . . . .  $218,366   $220,622   $665,665   $670,799
                            ========   ========   ========   =========

Net Premiums Earned
  Automobile . . . . . . .  $190,893   $193,283   $577,052   $578,226
  Homeowners . . . .              (7)         -          -         (1)
  Personal Umbrella. .           348        223        827        665
                            --------   --------   --------   --------
  Total. . . . . . . . . .  $191,234   $193,506   $577,879   $578,890
                            ========   ========   ========   =========

Underwriting Profit (Loss)
  Automobile . . . . . . .  $ 19,811   $ 36,523   $ 78,926   $100,362
  Homeowners . . . . . . .    (2,097)    (1,698)   (11,377)    (3,591)
  Personal Umbrella. . . .       379         65        594        440
                            --------   --------   --------   --------
  Total. . . . . . . . . .  $ 18,093   $ 34,890   $ 68,143   $ 97,211
                            ========   ========   ========   =========

Combined Ratios (GAAP)
  Automobile . . . . . . .    89.62%     81.11%     86.32%     82.64%
  Homeowners . . . .              -          -          -          -
  Personal Umbrella. .        (8.86)%    71.01%     28.08%     33.90%
  Total. . . . . . .          90.54%     81.96%     88.21%     83.21%

</TABLE>

                                       16
<PAGE>

AUTOMOBILE

Automobile  insurance is the primary line of business written by the Company and
continues  to  be  profitable.  The  majority of the Company's insured autos are
located  in  southern  California.  The Company continues to expand its coverage
throughout  the state, particularly in northern California and San Diego County,
which  accounted  for approximately 47% of all new business written in the first
nine  months of 1999.  During the fourth quarter of 1998, the Company also began
writing automobile policies in Nevada, Oregon and Washington. Approximately $3.7
million  of  premiums  were  written in these states in the first nine months of
1999,  representing  11%  of  all new business units written during this period.

The  Company's  voluntary  automobile program realized an underwriting profit of
$20.2  million  for the three months ended September 30, 1999, compared to $36.1
million  for  third  quarter  of  1998.  Underwriting profits for the first nine
months  of 1999 were $79.7 million compared to $99.3 million for the same period
last  year.  These results reflect a decrease in earned premiums due to the rate
reductions  previously  mentioned  and  an  increase in incurred losses and loss
expenses.

The  1999  decrease  in  gross  premiums  written  reflects the 4.0% increase in
insured  units  offset  by  the  effect  of  the  6.85%  premium rate reductions
effective  in  the  first  quarter  of  the  year.

The  combined  ratios for the voluntary automobile program for the third quarter
and  nine  months  ended September 30, 1999, were 89.4% and 86.1%, respectively,
versus  81.2%  and  82.6%, respectively, for the same periods last year.  During
1999, overall trends in loss costs have flattened whereas since 1997 and through
1998,  the  Company's  underwriting results had benefited from declining trends.
Loss  trends  and  provisions  in  the  first  nine  months  of  1999 may not be
indicative  of conditions that will impact losses in the future, and future loss
premiums  may  exceed recent experience.  Also, recent California legislation is
expected to raise average claim settlement costs

                                       17
<PAGE>

starting after the first of the year if the law goes into effect. Although it is
impossible  at  this  point to estimate the likely impact of this development on
the  Company's future underwriting results, an industry study has estimated that
bodily  injury  liability  costs  could  increase from 6 to 14 percent.  A voter
referendum  to  overturn  this  law  is  being  attempted.

Unallocated  loss  adjustment  expenses  and underwriting expenses for the first
nine  months  of  1999 include approximately $2.2 million ($606,000 in the third
quarter)  incurred to modify computer systems to make them "Year 2000 compliant"
compared  to $5.4 million for the first nine months of 1998 ($3.1 million in the
third quarter).  These expenses also include an increase in depreciation expense
of  $3.7 million for the first nine months of 1999 over last year as a result of
the  Company's  strategy  to  upgrade its technology infrastructure and systems.
Underwriting  expenses for the first nine months of 1999 increased $10.1 million
compared  to  the  same  period  last  year  due  to higher advertising expense.

Assigned  Risk  units  produced underwriting losses of $381,000 and $796,000 for
the  three  and nine months ending September 30, 1999, respectively, compared to
underwriting gains of $377,000 and $1,076,000 for the same periods in 1998.  The
decreased underwriting profit reflects a 41.9% decline in the number of Assigned
Risk  vehicles  coupled  with a 28.3% rate reduction effective February 1, 1999.

HOMEOWNERS

In  December  1996,  the  Company  was  granted  authority  to offer renewals of
policies  for  approximately  68,000  homeowner  insurance  customers  beginning
February  15, 1997. Starting in mid-September 1999, the Company resumed sales of
new  homeowner  policies  in  California.

This new and renewal business is covered by a quota share reinsurance agreement,
which  cedes  100%  of  all  risk  to  three  reinsurers,  as  follows:

                                       18
<PAGE>

<TABLE>
<CAPTION>

<S>                                                   <C>
Reinsurer. . . . . . . . . . . . . . . . . . . . . .  Participation
----------------------------------------------------  --------------
National Union Fire Insurance Co. of Pittsburgh, PA
(A subsidiary of AIG). . . . . . . . . . . . . . . .             50%
United States Fidelity & Guaranty Company. . . . . .             25%
Risk Capital Reinsurance Company . . . . . . . . . .             25%

</TABLE>

Through  August  1,  1999,  earthquake coverage, which the Company is obliged to
offer  in  conjunction with its California homeowner policies, has been provided
through  American  Home  Assurance  Company,  a  subsidiary of AIG.  For new and
renewal  homeowners  policies  written  on  or  after  August 1, 1999 earthquake
coverage  is  being  offered  by  GeoVera  Insurance  Company,  a non-affiliated
insurer.  No  earthquake  exposures  are  assumed  by  the  Company.

Homeowners  policies in force on June 30, 1996, or renewed before July 23, 1996,
(which  do  not  include  earthquake  coverage)  were  ceded  100%  in  equal
participations  to  United  States  Fidelity & Guaranty Company and Risk Capital
Reinsurance  Company.  This coverage was effective until the underlying policies
expired  or  were  renewed.

Because of the reinsurance and other agreements in place, the Company's exposure
to  weather-related  and disaster claims has been significantly reduced, and its
remaining  exposure  under  these  programs  primarily relates to development on
policies  incepted prior to July 1, 1996.  The underwriting losses for this line
were  $2.1  million  and  $11.3  million  for  the  three and nine months ending
September  30,  1999,  respectively,  compared  to  underwriting  losses of $1.7
million and $3.6 million for the same periods in 1998.  Non-recurring charges of
$6.75  million   are  included   in   the  underwriting  results  for  the  nine
months ending  September  30,  1999.  These  charges relate  to  the  previously
discussed agreement  between  the  Company  and the  CDOI.

                                       19
<PAGE>

Now  that  sales of new homeowner policies have resumed, the Company expects to
terminate  the  existing  reinsurance  program  in  favor  of a more traditional
catastrophe  reinsurance  program effective January 1, 2000. Management believes
this  change  will  help  reduce  the  underwriting  loss  for  this  line.

The  Company  remains  exposed  to  possible  further  upward development in the
estimated  cost  to  resolve  certain  claims  stemming from the 1994 Northridge
Earthquake.  Although  management  believes  current  reserves are adequate, the
outcome  of  future  events  could  require  changes  in  previous  estimates.

PERSONAL  UMBRELLA  POLICY  (PUP)

Units in force increased by 6.0% compared to a year ago to 12,887 units in force
at  September  30, 1999 from 12,161 units in force at September 30, 1998.  Gross
premiums  written in the third quarter of 1999 increased by 2.4% compared to the
same  quarter  in  1998 and by 8.3% in the first nine months of 1999 compared to
the  same  prior  year  period.  Underwriting  profits  for  this  line can vary
significantly with the number of claims, which occur infrequently.  The PUP line
is  subject  to  two  quota  share  reinsurance  agreements  resulting  in a net
retention  by  the  Company  of  approximately  36%.

                                       20
<PAGE>

POLICY  ACQUISITION  COSTS  AND  OTHER  OPERATING  EXPENSES

As a direct writer, the Company does not incur agent commissions and thus enjoys
an  expense  advantage over most of its competitors.  Net underwriting expenses,
which  consist  of  policy  acquisition  costs  and  other  operating  expenses,
increased  by $5.6 million (28.9%) for the third quarter of 1999 compared to the
same  quarter  in 1998 and by $16.3 million (28.6%) for the first nine months of
1999  compared  to the same period a year ago.  The increase in net underwriting
expenses in the third quarter resulted primarily from an additional $4.2 million
in  advertising  expenses  incurred  over  the  same quarter of last year.  On a
year-to-date  basis,  advertising  expenses  increased by $10.1 million over the
same  period  last  year.  Year-to-date  underwriting  expenses also include the
previously  discussed  $6.75 million non-recurring homeowner charges.  The ratio
of  net  underwriting  expenses (excluding loan interest and fees, but including
the  non-recurring  charges  and  additional  advertising  expenses  previously
discussed)  to  net  premiums earned for the third quarter and nine months ended
September  30,  1999,  was  13.1% and 12.7%, respectively, compared to 10.0% and
9.8%  for  the  same  periods  in  1998.

INVESTMENT  INCOME

In  the  fourth  quarter of 1998, the Company began transitioning its investment
portfolio  from  taxable  to  nontaxable  securities  in  anticipation  of fully
utilizing its remaining net operating loss carryforward.  At September 30, 1999,
$802.9 million (76.5%) of the Company's total cash and investments at fair value
was  invested  in  tax-exempt  bonds with the balance, representing 23.5% of the
portfolio,  invested  in  taxable  securities compared to 98.9% at September 30,
1998.

As a result of the transition of the portfolio into tax-exempt securities, which
generally  have  a  lower  pre-tax  yield  than  taxable securities, net pre-tax
investment  income  decreased 23.5% and 12.6% during the quarter and nine months
ended  September  30,  1999, respectively, compared to the same

                                       21
<PAGE>

periods  in  1998.  The  average annual pre-tax yield on invested assets for the
three  and  nine-month  periods  ended  September  30,  1999, was 5.2% and 5.5%,
respectively,  compared  to 6.4% and 6.6%, respectively, for the same periods in
1998.  On  an  after tax basis, the comparable yields were 4.4% and 4.2% for the
third  quarter  and  first nine months of 1999 versus 4.2% and 4.3% for the same
periods  of  1998.  Average invested assets decreased 4.9% for the quarter ended
September  30,1999,  and  increased 4.0% for the nine months ended September 30,
1999,  compared  to  the  same  1998  periods.

Realized  gains  on  sales  of investments decreased in the first nine months of
1999  to  $3.3 million from $17.8 million for the same period in 1998.  Realized
losses  for  the  third  quarter  of 1999 were $7.2 million compared to realized
gains of $6.9 million for the same 1998 quarter.  The decrease in realized gains
for  the  nine  months ended September 30, 1999, and the realized losses for the
third  quarter  of  1999  are  primarily  due  to a downturn in the bond market.

IMPACT  OF  YEAR  2000

The  Y2K problem arose because some computer programs and hardware were designed
to  use two digits rather than four to define the applicable year.  As a result,
these  systems,  programs  and hardware ("Information Technology systems" or "IT
systems")  may  not properly calculate dates beyond 1999, which may cause errors
or  system  failures.  In  addition,  today's business environment contains many
non-IT  systems,  ranging  from  elevators  to  automobiles,  which  utilize
microprocessors,  and these devices are also potentially susceptible to the same
or  similar  types  of  date  problems.

The  following  discussion summarizes the Company's state of readiness, costs to
address  its  Y2K  issues, the risks inherent in these issues, and the Company's
contingency  plans.

                                       22
<PAGE>

State  of  Readiness
--------------------
The  Company  has  taken  what  it  believes  is  a  comprehensive  approach  to
remediating  its  Y2K  issues  as  summarized  in  the  following  table:

<TABLE>
<CAPTION>

<S>                                                                                  <C>
MILESTONE. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .  COMPLETION YEAR
---------                                                                            ---------------
CRITICAL MAINFRAME APPLICATIONS
High level risk assessment. . . . . . . . . . . . . . . . . . . . . . . . . . . . .             1997
Upgrade of base information systems to be Year 2000 compliant . . . . . . . . . . .             1998
Complete integration testing of  56 mainframe applications. . . . . . . . . . . . .             1998
Replacement of 14 systems with packaged software warranted to be Y2K compliant. . .             1999

OTHER IT HARDWARE (mainframe, client/server, network, telecommunications, etc.)
Assessment, installation or conversion,test, and implementation.                                1999

NON-IT SYSTEMS  - including IT systems maintained by third parties (e.g., banks,
vendors, etc.) Inventory and assessment; identify                                               1999

</TABLE>

Testing  of  critical  computer  applications  was  completed  in November 1998.
Testing of all hardware and operating system software was successfully completed
by  June  30, 1999.  As of September 30, 1999, all critical business systems and
processes  are either Year 2000 ready or have a contingency plan to insure that,
in  the  few  cases  where  the Company is waiting for a vendor to be compliant,
there  will be no interruption in service.  Contingency planning activities were
completed  by  June  30,  1999.  The  Company's testing and progress made by the
Company's vendors indicate that it is very unlikely that these contingency plans
will  need  to  be  executed.  Throughout  the  remainder of 1999, the Year 2000
project  team will emphasize quality control measures to maintain the compliance
of  our  systems and will closely monitor the compliance efforts of the critical
vendors  who  provide  key  services  to  our  customers.

Y2K  Remediation  Costs
-----------------------
The  total Year 2000 project cost is estimated to be approximately $9.5 million,
which  is  being  expensed  as incurred.  Approximately one third of that amount
represents  the  direct  cost of

                                       23
<PAGE>

personnel  in  the  Company's  Information  Services  department  who  have been
dedicated  to  this  project,  with  most of the remainder representing external
consultants.  Costs  incurred during the first nine months of 1999 and 1998 were
$2.2  million  and $5.4 million, respectively.  Cumulative Y2K remediation costs
incurred  through  September  30,  1999,  were  $9.4  million.

Risks
-----
Without  regard  to  the  Company's  remediation  efforts,  given  the  highly
computerized  nature  of  the Company's operations, the Y2K problem would pose a
serious  risk  to  the  Company's ability to efficiently and effectively provide
service  to  its  customers,  or  to conduct its affairs in a profitable manner.
Because  of  the  nature  of  its  operations  and the availability of alternate
suppliers and service providers, the potential Y2K issues for the Company in the
non-IT  area  generally  are  less  than  for  manufacturers  or distributors of
non-financial  products.  Apart  from  written  assurances  the  Company  has or
expects  to  receive, the Company can offer no assurances that the impact of the
Y2K  problem on certain services, such as those provided by third-party electric
utilities, will be insignificant or within the Company's ability to correct in a
fashion  timely  enough  to  avoid  any  potentially significant adverse impact.
Although no remediation plan is capable of foreseeing every possible contingency
that  could  have  a  potentially  significant  adverse  effect,  management  is
confident  that the steps taken to address the Company's Y2K issues will prevent
or  promptly  detect and correct any serious instances of noncompliance that are
reasonably  within  the  Company's  ability  to  control.

Contingency  Plans
------------------
For all critical systems within the Company's control, revised contingency plans
that  take  account  of  the  Y2K  issue  were in place by the end of the second
quarter  of  1999.  These  contingency  plans  generally cover steps the Company
would  take,  such  as  use  of  back-up  computer facilities, in the event of a
business interruption from a variety of causes, including the remote possibility
of  an  interruption  caused  by  one  or  more  Y2K  problems.  The  Company's
contingency  planning  team  is

                                       24
<PAGE>

staffed  by  representatives  from  all  key  business departments.  Contingency
planning  includes  the  following  considerations  and  precautions:

-     Defining   a  transition  plan   which  describes  all   requirements  for
information  systems and business systems support as the Company enters the year
2000, including an event management team and the identification of resources and
responsibilities  at  each  departmental  level;

-     Restrictions on vacations at the end of December 1999 and the beginning of
January  2000;

-     Identifying  manual  procedures  to  be  implemented  until  the automated
process  is  recovered,  if  necessary;

-     For  critical suppliers or service providers not expected to be compliant,
selecting  feasible  alternate  suppliers;

-     When  alternate suppliers are infeasible, addressing any means the Company
can  take  to  assist  key  suppliers  in  a  timely  manner;

-     Determining  key  mission  critical  contingency  plans  and  testing when
feasible  before  the  Year  2000;  and

-     To  minimize  risk  and  ensure  stability,  the Company plans to "freeze"
changes  to production programs from November 25, 1999 through January 15, 2000.

                                       25
<PAGE>

                           PART II - OTHER INFORMATION


ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

(b)     Reports  on  Form  8-K

No  reports  on Form 8-K were filed during the quarter ended September 30, 1999.

                                       26
<PAGE>

                                   SIGNATURES

Pursuant  to  the  requirements  of the Securities and Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.







                                                20TH  CENTURY  INDUSTRIES
                                                -------------------------
                                                      (Registrant)




Date             November  12,  1999            /S/ William L. Mellick
    --------------------------------            -------------------------
                                                 WILLIAM  L.  MELLICK
                                      President  and  Chief  Executive  Officer



Date             November  12,  1999            /S/ Robert B. Tschudy
    --------------------------------            -------------------------
                                                 ROBERT  B.  TSCHUDY
                                             Senior  Vice  President  and
                                               Chief  Financial  Officer

                                       27
<PAGE>