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  June  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  July  30,  1999
   Common Stock, Without Par Value                      87,113,964 shares


                                        1
<PAGE>

                          PART I - FINANCIAL INFORMATION

ITEM  1.     FINANCIAL  STATEMENTS

                    20TH  CENTURY INDUSTRIES AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

ASSETS

                                                   June 30,    December 31,
                                                     1999          1998
                                                  ----------  -------------
                                                  (Unaudited)
                                                    (Amounts in thousands)
<S>                                               <C>         <C>
Investments, available-for-sale, at fair value:

  Fixed maturities                                $  996,246  $   1,067,248
  Equity securities                                    2,127          1,373
                                                  ----------  -------------
       Total investments - Note 3. . . . . . . .     998,373      1,068,621
Cash and cash equivalents                            116,864        167,856
Accrued investment income                             15,797         19,542
Premiums receivable                                   70,073         70,884
Reinsurance receivables and recoverables              65,967         66,823
Prepaid reinsurance premiums                          40,416         31,589
Deferred income taxes                                 85,196         74,330
Deferred policy acquisition costs                     20,268         16,100
Other assets                                          81,167         77,411
                                                  ----------  -------------
                                                  $1,494,121  $   1,593,156
                                                  ==========  =============

</TABLE>

       See  accompanying  notes  to  financial  statements.

                                        2
<PAGE>

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

<TABLE>
<CAPTION>

LIABILITIES AND STOCKHOLDERS' EQUITY

                                                         June 30,    December 31,
                                                           1999          1998
                                                        -----------  -------------
                                                        (Unaudited)
                                              (Amounts in thousands, except share data)
<S>                                                     <C>          <C>
Unpaid losses and loss adjustment expenses . . . . . .  $  305,417   $     382,003
Unearned premiums. . . . . . . . . . . . . . . . . . .     238,440         233,689
Bank loan payable. . . . . . . . . . . . . . . . . . .      90,000         112,500
Claims checks payable. . . . . . . . . . . . . . . . .      32,518          34,311
Reinsurance payable. . . . . . . . . . . . . . . . . .      31,177          20,628
Other liabilities. . . . . . . . . . . . . . . . . . .      29,694          24,423
                                                        -----------  -------------
      Total liabilities. . . . . . . . . . . . . . . .     727,246         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 87,364,864
      in 1999 and 87,624,531 in 1998 . . . . . . . . .     459,324         462,268

   Accumulated other comprehensive income (loss) . . .     (26,198)         23,387

   Retained earnings . . . . . . . . . . . . . . . . .     333,749         299,947
                                                        -----------  -------------
      Total stockholders' equity . . . . . . . . . . .     766,875         785,602
                                                        -----------  -------------
                                                        $1,494,121   $   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    Six Months Ended
                                                    June 30,            June 30,
                                              -----------------  ------------------
                                                 1999      1998      1999      1998
                                              ---------  --------  --------  --------
                                           (Amounts in thousands, except per share data)
<S>                                            <C>        <C>       <C>       <C>
REVENUES:

Net premiums earned . . . . . . . . . . . . .  $192,299  $191,883  $386,644  $385,384
Net investment income . . . . . . . . . . . .    16,201    18,262    34,100    36,594
Realized investment gains . . . . . . . . . .     3,290     7,683    10,538    10,917
                                              ---------  --------  --------  --------
                                                211,790   217,828   431,282   432,895

LOSSES AND EXPENSES:

Net losses and loss
   adjustment expenses. . . . . .               133,700   133,105   288,379   285,514
Policy acquisition costs. . . . . . . .          21,649    16,931    38,763    31,114
Other operating expenses. . . . . . .             6,842     3,566     9,452     6,435
Interest and fees expense . . . . . . .           1,765     2,677     3,717     5,515
                                              ---------  --------  --------  --------
                                                163,956   156,279   340,311   328,578
                                              ---------  --------  --------  --------
Income before federal
   income taxes . . . .    . . . . .             47,834    61,549    90,971   104,317
Federal income taxes - Note 4 . . .              14,911    21,376    29,135    36,276
                                              ---------  --------  --------  --------
NET INCOME. . . . . . . . . .               .  $ 32,923  $ 40,173  $ 61,836  $ 68,041
                                              =========  ========  ========  ========

EARNINGS PER COMMON SHARE - Note 2
----------------------------------
BASIC . . . . . . . . . . . . . . . . . . . .  $   0.38  $   0.68  $   0.71  $   1.12
                                               ========  ========  ========  ========
DILUTED . . . . . . . . . . . . . . . . . . .  $   0.38  $   0.49  $   0.71  $   0.82
                                               ========  ========  ========  ========

</TABLE>

See  accompanying  notes  to  financial  statements.

                                        4
<PAGE>

<TABLE>
<CAPTION>

                       20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                    CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                   (Unaudited)
                          Six Months Ended June 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. . . . . . . . . . . . . . . . . . .       61,836                      61,836
Change in accumulated other
   comprehensive income, net -
   Note 3 . . . . . . . . . . . . . . .                     . . . .    (49,585)  (49,585)
                                                                                ---------
Total comprehensive income. . . . . . . . . . .                                   12,251
Cash dividends declared . . . . . . . . . . .   .    (28,034)                    (28,034)
Common stock repurchased and retired.      (3,138)                                (3,138)
Other . . . . . . . . . . . . . . . . . .     194                                    194
                                      -----------  ----------  ---------------  ---------
Balance at June 30, 1999. .  . . . . .  $ 459,324   $333,749          $(26,198) $766,875
                                      ===========  ==========  ===============  =========

                See  accompanying  notes  to  financial  statements.

</TABLE>


                                        5
<PAGE>

<TABLE>
<CAPTION>

                         20TH CENTURY INDUSTRIES AND SUBSIDIARIES
                           CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                  Six Months Ended
                                                       June 30,
                                                 --------------------
                                                   1999       1998
                                                 ---------  ---------
                                                      (Unaudited)
                                                (Amounts in thousands)
OPERATING ACTIVITIES:
<S>                                              <C>        <C>
Net income. . . . . . . . . . . . . . . . . . .  $ 61,836   $ 68,041
Adjustments to reconcile net income
   to net cash provided by operating
   activities:

   Provision for depreciation and amortization.     6,474      3,685
   Provision for deferred income taxes. . . . .    15,834     34,296
   Realized gains on sale of investments. . . .   (10,640)   (10,917)
   Federal income taxes . . . . . . . . . . . .    10,932        399
   Reinsurance balances . . . . . . . . . . . .     2,578      5,198
   Unpaid losses and loss adjustment expenses .   (76,586)   (54,959)
   Unearned premiums. . . . . . . . . . . . . .     4,751      8,345
   Claims checks payable. . . . . . . . . . . .    (1,793)    (5,595)
   Other. . . . . . . . . . . . . . . . . . . .     4,468      1,701
                                                 ---------  ---------
     NET CASH PROVIDED BY
        OPERATING ACTIVITIES. . . . . . . . . .  $ 17,854   $ 50,194

</TABLE>

                                        6
<PAGE>

<TABLE>
<CAPTION>

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

                                                  Six Months Ended
                                                       June 30,
                                                 --------------------
                                                   1999       1998
                                                 ---------  ---------
                                                      (Unaudited)
                                                (Amounts in thousands)
<S>                                                <C>         <C>
INVESTING ACTIVITIES:
   Investments available-for-sale:
     Purchases. . . . . . . . . . . . . . . . . .  $(553,815)  $(417,815)
     Calls or maturities. . . . . . . . . . . . .      5,040      16,262
     Sales. . . . . . . . . . . . . . . . . . . .    552,780     433,301
   Net purchases of property and equipment. . . .    (19,179)    (16,132)
                                                   ----------  ----------
       NET CASH PROVIDED BY (USED IN)
          INVESTING ACTIVITIES. . . . . . . . . .    (15,174)     15,616

FINANCING ACTIVITIES:
   Bank loan principal repayment. . . . . . . . .    (22,500)    (22,500)
   Common stock repurchased and retired . . . . .     (3,138)          -
   Dividends paid . . . . . . . . . . . . . . . .    (28,034)    (23,571)
                                                   ----------  ----------
       NET CASH USED IN
          FINANCING ACTIVITIES. . . . . . . . . .    (53,672)    (46,071)
                                                   ----------  ----------

Net increase (decrease) in cash . . . . . . . . .    (50,992)     19,739

Cash and cash equivalents, beginning of year. . .    167,856      31,268
                                                   ----------  ----------
Cash and cash equivalents, end of quarter . . . .  $ 116,864   $  51,007
                                                   ==========  ==========

</TABLE>

See  accompanying  notes  to  financial  statements.

                                        7
<PAGE>




                    20TH CENTURY INDUSTRIES AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)
                                  June 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 the six-month period ended June 30, 1999,
are  not necessarily indicative of the results that may be expected for the year
ending  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       Six Months Ended
                                                                June 30,               June 30,
                                                     -----------------------  --------------------------
                                                         1999         1998         1999           1998
                                                     -----------  ----------  ---------------  ---------
                                                        (Amounts in thousands, except per share data)
<S>                                                  <C>           <C>        <C>              <C>
Numerator:
  Net income. . . . . . . . . . . . . . . . . .      $    32,923   $  40,173  $        61,836  $  68,041
  Preferred stock dividends                                    -      (5,062)               -    (10,123)
                                                     -----------  ----------  ---------------  ---------

Numerator for basic earnings per share:
  Income available to common stockholders . . .           32,923      35,111           61,836     57,918

Effect of dilutive securities:
  Dividends on convertible preferred stock. . .                -       5,062                -     10,123
                                                     -----------  ----------  ---------------  ---------
Numerator for diluted earnings per share:
  Income available to common stockholders
  after assumed conversions . . . . . . . . .     .  $    32,923  $   40,173  $        61,836  $  68,041
                                                     ===========  ==========  ===============  =========

Denominator:
Denominator for basic earnings per share:
  Weighted-average shares outstanding . . . .             87,545      51,590           87,589     51,572

Effect of dilutive securities:
Restricted stock grants . . . . . . . . . . . .               49         136               49        136
Employee stock options. . . . . . . . . . . . .               42         332               59        330
Warrants. . . . . . . . . . . . . . . . . . . .                -      10,866                -     10,802
Convertible preferred stock . . . . . . . . .                  -      19,854                -     19,854
                                                     -----------  ----------  ---------------  ---------
Dilutive potential common shares. . . . . . . .               91      31,188              108     31,122

Denominator for diluted earnings per share:
  Adjusted weighted-average shares outstanding.           87,636      82,778           87,697     82,694
                                                     ===========  ==========  ===============  =========

Basic earnings per share. . . . . . . . . . . .      $      0.38  $     0.68  $          0.71  $    1.12
                                                     ===========  ==========  ===============  =========


Diluted earnings per share. . . . . . . . . . .      $      0.38  $     0.49  $          0.71  $    0.82
                                                     ===========  ==========  ===============  =========

</TABLE>

                                        9
<PAGE>

2.  Earnings  per  Common  Share  (Continued)

As  a  result  of  American  International  Group,  Inc.'s ("AIG") conversion of
preferred  stock  and  exercise of common stock warrants in the third quarter of
1998,  the  complexity of the Company's capital structure has been significantly
reduced.  Accordingly,  the  Company  has  been  able  to  use a simpler diluted
earnings  per  share  calculation  since  the  fourth  quarter  of  1998.

3.  Investments

     The  amortized  cost, gross unrealized gains and losses, and fair values of
investments  as  of  June  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. . .  $   15,748  $         4  $       421  $   15,331

 Obligations of states and political
    subdivisions . . . . . . . . . .   702,642        1,887       29,722     674,807

 Public utilities. . . . .              21,243            -          726      20,517

 Corporate securities. . . . .         298,794        1,088       14,291     285,591
                                    ----------  -----------  -----------  ----------

    Total fixed maturities . . .     1,038,427        2,979       45,160     996,246

 Equity securities . . . . .               250        1,877            -       2,127
                                    ----------  -----------  -----------  ----------

    Total investments. . . . . . .  $1,038,677  $     4,856  $    45,160  $  998,373
                                    ==========  ===========  ===========  ==========

</TABLE>

                                       10
<PAGE>

3.  Investments  (Continued)

Details  follow concerning the change during the six months ended June 30, 1999,
in  the  after-tax  net  unrealized  gain  on  investments, which is included in
accumulated  other  comprehensive  income  in  the  consolidated  balance  sheet
(amounts  in  thousands):

<TABLE>
<CAPTION>

<S>                                                                   <C>
Unrealized loss on available-for-sale investments, net of income
   tax benefit of $22,976. . . . . . . . . . . . . . . . . . . . . .  $(42,669)
Less:  reclassification adjustment for gains included in net income,
   net of income tax expense of $3,724 . . . . . . . . . . . . . . .    (6,916)
                                                                      ---------
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $(49,585)
                                                                      =========

</TABLE>

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 June 30,
1999,  the  Company had a net operating loss carryforward of approximately $95.7
million  for  regular  tax  purposes  and  an  alternative  minimum  tax  credit
carryforward of $30.2 million.  The net operating loss carryforwards will expire
in  2009,  but  is  expected to be fully utilized in the year 2000.  Alternative
minimum tax credits may be carried forward indefinitely to offset future regular
tax  liabilities.

     Federal  income  tax  expense  consists  of:

<TABLE>
<CAPTION>

                                        Six Months Ended June 30,
                                           ------------------
                                              1999     1998
                                           --------  --------
                                         (Amounts in thousands)
<S>                                        <C>       <C>
Current tax expense . . . . . . . . . . .  $ 13,301  $  1,980
Deferred tax expense. . . . . . . . . . .    15,834    34,296
                                           --------  --------
                                           $ 29,135  $ 36,276
                                           ========  ========

</TABLE>

                                       11
<PAGE>

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 lesser of prior
year  statutory  net  income  or  10% of surplus without prior approval from the
state.  As of June 30, 1999, the Company's insurance subsidiaries had a combined
statutory  surplus  of $670.1 million and a net written premium to surplus ratio
of  1.2:1  compared  to a combined statutory surplus of $586.5 million and a net
written  premium  to  surplus  ration  of  1.3:1  at  June  30,  1998.

Invested  assets  as of June 30, 1999, had a fair value of $1.1 billion compared
to  $1.2  billion  at  December  31,  1998.  The  decrease  includes a change in
unrealized  losses  of  $76.3  million.  All investments in fixed maturities are
investment  grade.  Of  the  Company's total investments at June 30, 1999, 30.7%
were  invested  in taxable fixed-income securities compared to 94.0% at June 30,
1998,  and 74.9% at December 31, 1998.  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.

                                       12
<PAGE>

The  fixed  maturity  available-for-sale portfolio is subject to decline in fair
value  as  interest  rates  rise.  As of June 30, 1999, the after-tax unrealized
loss on investments was $26.2 million, compared with an 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 July 1, 1999, the Company has a variable rate credit line available of $78.75
million,  all  of  which  is  outstanding.  Presently, interest is paid monthly;
interest  payments  for  the  first  six  months  of  1999 totaled $2.8 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 will continue
through  the  third  quarter.  As  of  June  30,  1999,  272,500 shares had been
repurchased  at  a  cost  of  approximately  $3.1  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  June  30, 1999, insured vehicles
totaled  18,785,  an  increase  of  34.4%  over the total at June 30, 1998.  The
Company's  investment  in  and  advances to this venture totaled $3.7 million at
June  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 $(147,000) and
$(272,000)  for  the three and six months ended June 30, 1999, respectively, and
$(63,000)  and  $(228,000)  for  the  same  1998  periods,  and  is  included in
investment  income in the consolidated statements of income. The statistical and
other

                                       13
<PAGE>

information   presented   hereinafter  do not include  the  activities  of  20th
Century  Insurance  Company  of  Arizona.

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

UNITS  IN  FORCE

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

<TABLE>
<CAPTION>

                                               1999      1998
                                           ----------  ---------
<S>                                        <C>         <C>
Private Passenger Automobiles
   (number of vehicles)
                                            1,154,262  1,116,410
Homeowners
   (number of policies)
                                               52,492     57,561
Personal Umbrella
   (number of policies). . .             .     12,797     12,114
                                           ----------  ---------
Total. . . . . . . . . . . .             .  1,219,551  1,186,085
                                            =========  =========

</TABLE>

The  core  automobile  business  experienced  continued  growth in the first six
months  of  1999  despite increased competition in the industry.  During the 4th
quarter of 1998, the Company began writing private passenger automobile policies
in  Nevada,  Oregon  and  Washington, insuring more than 5,500 vehicles in these
states at June 30, 1999.  These new markets collectively represent approximately
six  million  vehicles.

The Company's voluntary auto units in force increased by 3.7% compared to a year
ago  from  1,109,536 units in force at June 30, 1998 to 1,150,740 units in force
at  June  30,  1999.  Voluntary  auto  units grew 25,196 (2.2%) in the first six
months  of  1999,  14,918  (1.3%) of which occurred in the second quarter.  This
compared  to  an  increase in units of 44,793 (4.2%) for the first six months of
1998,  20,348  (1.9%)  of  which  occurred  in  the  second quarter.  In view of
favorable  trends  in  loss

                                       14
<PAGE>

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  6.8% in February 1999.  The Company's average customer retention
rate  for  the  second  quarter  of  1999  was an excellent 96.3% despite a very
competitive  business  climate.

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
residences  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, units in force for the homeowners program has
been  declining since 1994.  Homeowner units in force declined by 8.8% from June
30,  1998, to June 30, 1999.  In late April 1999, the Company and the California
Department  of Insurance ("CDOI") reached a mutual agreement whereby the Company
was  permitted  to  resume  sales  of  new  homeowners  policies  in California.
Resumption of sales is expected to begin in the second half of 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 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 June 30,  Six Months Ended June 30,
                            ----------------------  ----------------------
                                1999       1998        1999        1998
                            ----------  ----------  ----------  ----------
                                        (Amounts in thousands)
<S>                         <C>         <C>         <C>         <C>
Gross Premiums Written
  Automobile . . . . . . .  $  209,208  $  213,754  $  424,541  $  426,009
  Homeowners . . .              13,392      14,383      21,417      22,969
  Personal Umbrella. . . .         754         654       1,341       1,199
                            ----------  ----------  ----------  ----------
  Total. . . . . . . . . .  $  223,354  $  228,791  $  447,299  $  450,177
                            ==========  ==========  ==========  ==========

Net Premiums Earned
  Automobile . . . . . . .  $  192,033  $  191,660  $  386,159  $  384,943
  Homeowners . . . . . . .           7           -           7           -
  Personal Umbrella. . . .         259         223         478         441
                            ----------  ----------  ----------  ----------
  Total. . . . . . . . . .  $  192,299  $  191,883  $  386,644  $  385,384
                            ==========  ==========  ==========  ==========

Underwriting Profit (Loss)
  Automobile . . . . . . .  $   38,247  $   38,509  $   59,115  $   63,839
  Homeowners . . . . . . .      (8,226)       (424)     (9,281)     (1,893)
  Personal Umbrella. . . .          88         195         216         374
                            ----------  ----------  ----------  ----------
  Total. . . . . . . . . .  $   30,109  $   38,280  $   50,050  $   62,320
                            ==========  ==========  ==========  ==========

Combined Ratios (GAAP)
  Automobile . . . . . .        80.08%      79.90%      84.69%      83.42%
  Homeowners . . . . . . .          -            -           -           -
  Personal Umbrella. . . .      66.22%      12.02%      54.95%      15.02%
  Total. . . . . . .            84.34%      80.05%      87.06%      83.83%

</TABLE>

                                       16
<PAGE>

AUTOMOBILE

Automobile  insurance is the primary line of business written by the Company and
has  been  consistently  profitable. The majority of the Company's insured autos
are  located  in  southern  California.  The  Company  continues  to  expand its
coverage throughout the state by aggressively marketing its business in northern
California  and San Diego County, which accounted for approximately 51.3% of all
new business written in the first six months of 1999.  During the 4th quarter of
1998,  the  Company also began writing automobile policies in Nevada, Oregon and
Washington,  though to date the impact of this business on the financial results
of the Company has been immaterial.  Approximately $1.7 million of premiums were
written  in  these  states  in  the  first  half  of  1999.

The  Company's  voluntary  automobile program realized an underwriting profit of
$38.6  million  for  the  three  months  ended  June 30, 1999, compared to $38.1
million  for the comparable 1998 period.  Underwriting profits for the first six
months  of  1999 were $59.5 million compared to $63.1 million for the same prior
year  period.  These results were achieved despite increased competition and the
effects  of  premium rate reductions previously mentioned.  The 1999 decrease in
gross premiums written reflects the 3.7% increase in insured units offset by the
effect of the 6.8% premium rate reductions effective in the first quarter of the
year.  The  combined ratios for the second quarter and six months ended June 30,
1999,  were 79.8% and 84.5%, respectively, versus 79.9% and 83.4%, respectively,
for  the  same  periods last year.  During 1999, overall average loss costs have
flattened  whereas  since  1997 the Company's underwriting results had benefited
from  favorable  loss trends.  Loss provisions in the first two quarters of 1999
may not be indicative of conditions that will impact losses in the future, which
could  exceed  recent experience.  Certain California legislation in the process
of  being finalized is expected to raise average claim settlement costs starting
after the first of the year, although it is impossible at this point to estimate
the  likely  the  impact  of  this  development  on future underwriting results.

                                       17
<PAGE>

Unallocated loss adjustment expenses and underwriting expenses for the first six
months  of  1999  include approximately $1.6 million ($1.1 million in the second
quarter)  incurred to modify computer systems to make them "Year 2000 compliant"
compared  to  $2.3 million for the first six months of 1998 ($1.2 million in the
second quarter).  Underwriting expenses also include an increase in depreciation
expense  of  $2.0  million  as a result of the Company's strategy to upgrade its
technology  infrastructure  and  systems  as  well as an increase in advertising
expense  of  $5.9  million  compared  to  the  same  prior  year  period.

Assigned  Risk  units  produced underwriting losses of $400,000 and $414,000 for
the  three  and  six  months  ending  June  30,  1999, respectively, compared to
underwriting  gains  of $397,000 and $698,000 for the same periods in 1998.  The
decreased underwriting profit reflects a 48.8% 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.  This  renewal  business  is  covered  by  a  quota  share
reinsurance  agreement,  which  cedes  100%  of all risk to three reinsurers, as
follows:

<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>

                                       18
<PAGE>

Earthquake  coverage,  which the Company is obliged to offer in conjunction with
its  homeowner  policies, is provided through American Home Assurance Company, a
subsidiary  of  AIG;  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  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  $8.2 million and $9.3 million for the three and six months ending June 30,
1999,  respectively,  compared  to  underwriting losses of $0.4 million and $1.9
million  for  the  same periods in 1998.  Non-recurring charges of $6.75 million
are  included  in  the  underwriting results for the three and six months ending
June  30, 1999, as a result of the previously discussed mutual agreement between
the Company and the CDOI whereby the Company will resume sales of new homeowners
policies  in  California.  The  Company  plans  to  reevaluate  its  reinsurance
arrangements  prior  to  resuming  homeowners  insurance  sales  later  in 1999.

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.

                                       19
<PAGE>

PERSONAL  UMBRELLA  POLICY  (PUP)

Units in force increased by 5.6% compared to a year ago to 12,797 units in force
at  June  30,  1999 from 12,114 units in force at June 30, 1998.  Gross premiums
written  in  the  second quarter of 1999 increased by 15.3% compared to the same
quarter  in  1998  and  by 11.8% in the first six months of 1999 compared to the
same  prior  year period.  The growth in this business is primarily attributable
to a cross-selling campaign, which began late in 1997.  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%.

POLICY  ACQUISITION  COSTS  AND  OTHER  OPERATING  EXPENSES

The  Company's policy acquisition and other operating expense ratio continues to
be  one of the lowest in the industry.  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 $8.0 million (39.0%) for the
second quarter of 1999 compared to the same quarter in 1998 and by $10.7 million
(28.4%) for the first six months of 1999 compared to the same prior year period.
The  increase  in  net underwriting expenses in the second quarter resulted from
the  previously  discussed $6.75 million non-recurring homeowner charges as well
as  an  additional  $3.0  million in advertising expenses incurred over the same
quarter  of  last year.  On a year-to-date basis, advertising expenses increased
by  $5.9  million over the same period last year.  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 second quarter and six months ended June 30, 1999, was
14.8%  and  12.5%, respectively, compared to 10.7% and 9.7% for the same periods
in  1998.

                                       20
<PAGE>

INVESTMENT  INCOME

Net  pre-tax  investment  income decreased 11.3% and 6.8% during the quarter and
six  months  ended  June 30, 1999, respectively, compared to the same periods in
1998.  The average annual pre-tax yield on invested assets for the three and six
month  periods ended June 30, 1999, was 5.5% and 5.7%, respectively, compared to
6.7%  for  both  the  same periods in 1998.  The decreases in pre-tax investment
results  are  primarily  due  to  the  transition,  described  in  the following
paragraph, of invested assets from taxable to non-taxable securities, which have
a  lower yield.  Average invested assets increased 9.1% and 9.9% for the quarter
and  six  months  ended  June  30, 1999, respectively, compared to the same 1998
periods.  The  increase  in  invested assets is primarily due to additional cash
received  from  the exercise of AIG's common stock warrants in the third quarter
of  1998.

Realized gains on sales of investments decreased in the first six months of 1999
to $10.6 million from $10.9 million for the same period in 1998.  Realized gains
for  the  second quarter of 1999 decreased to $3.3 million from $7.7 million for
the same 1998 quarter.  The decrease in realized gains for the second quarter is
primarily  due  to  a decrease in the number of bond sales and a downturn in the
bond  market.  Year-to-date  realized gains have decreased less than 4% from the
prior  year.  During this period, the Company began transitioning its investment
portfolio  from  taxable  to  nontaxable  securities  in  anticipation  of fully
utilizing  its  remaining  net  operating  loss carryforward.  At June 30, 1999,
$655.0  million  of  the  Company's total cash and investments at fair value was
invested  in  tax-exempt  bonds  with  the  balance  representing  41.1%  of the
portfolio  invested  in  taxable  securities compared to 98.7% at June 30, 1998.

                                       21
<PAGE>

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.

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>

                                       22
<PAGE>

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  June  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.  Contingency planning activities were completed
by  June  30,  1999.  The Company's testing and progress by our vendors indicate
that  it is very unlikely that these 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 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 half of 1999
and 1998 were $1.6 million and $2.3 million, respectively.  Total costs incurred
through  June  30,  1999,  were  $8.8  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 service 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

                                       23
<PAGE>

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 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  a  rapid response 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.

                                       24
<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 June 30, 1999.




                                       25
<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       August  13,  1999                  /s/ William L. Mellick
    ------------------------------            ----------------------
                                               WILLIAM  L.  MELLICK
                                  President  and  Chief  Executive  Officer



Date      August  13,  1999                   /s/ Robert S. Tschudy
    ------------------------------            ----------------------
                                                ROBERT  B.  TSCHUDY
                                            Senior  Vice  President  and
                                             Chief  Financial  Officer
                                       26
<PAGE>