<TABLE> <S> <C>

<PAGE>
<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from
Transatlantic Holdings, Inc.'s Form 10-Q for the periods ended
March 31, 1996, June 30, 1996 and September 30, 1996 and Form 10-K for the
period ended December 31, 1996 and is qualified in its entirety by
reference to such financial statements, as restated pursuant to
SFAS No. 128, "Earnings per Share."
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000

<S>                             <C>                     <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS                   9-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996             DEC-31-1996             DEC-31-1996
<PERIOD-END>                               MAR-31-1996             JUN-30-1996             SEP-30-1996             DEC-31-1996
<DEBT-HELD-FOR-SALE>                         1,743,665               1,717,054               1,882,600               1,935,677
<DEBT-CARRYING-VALUE>                          959,054               1,006,150               1,042,444               1,125,133
<DEBT-MARKET-VALUE>                          1,013,801               1,052,805               1,093,555               1,182,713
<EQUITIES>                                     268,709                 293,357                 346,903                 392,365
<MORTGAGE>                                           0                       0                       0                       0
<REAL-ESTATE>                                        0                       0                       0                       0
<TOTAL-INVEST>                               3,000,047               3,044,981               3,286,483               3,512,366
<CASH>                                          86,208                  83,478                 112,300                  77,523
<RECOVER-REINSURE>                             418,367                 378,526                 388,537                 367,844
<DEFERRED-ACQUISITION>                          52,200                  52,125                  62,472                  58,700
<TOTAL-ASSETS>                               3,983,944               3,959,711               4,286,915               4,379,141
<POLICY-LOSSES>                              2,418,926               2,424,932               2,668,072               2,733,055
<UNEARNED-PREMIUMS>                            311,948                 312,655                 378,710                 343,936
<POLICY-OTHER>                                       0                       0                       0                       0
<POLICY-HOLDER-FUNDS>                                0                       0                       0                       0
<NOTES-PAYABLE>                                      0                       0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0                       0
<PREFERRED>                                          0                       0                       0                       0
<COMMON>                                        23,765                  23,776                  23,806                  23,813
<OTHER-SE>                                     974,869               1,001,822               1,047,883               1,113,493
<TOTAL-LIABILITY-AND-EQUITY>                 3,983,944               3,959,711               4,286,915               4,379,141
<PREMIUMS>                                     222,261                 479,389                 793,745               1,130,633
<INVESTMENT-INCOME>                             44,859                  90,845                 142,136                 192,636
<INVESTMENT-GAINS>                               5,274                   9,094                  13,405                  18,668
<OTHER-INCOME>                                    (451)                   (640)                   (448)                 (1,198)
<BENEFITS>                                     169,523                 355,503                 590,362                 841,511
<UNDERWRITING-AMORTIZATION>                     (5,000)                 (4,925)                 (7,459)                 (3,687)
<UNDERWRITING-OTHER>                            62,132                 135,659                 222,838                 306,595
<INCOME-PRETAX>                                 45,288                  92,451                 143,097                 196,320
<INCOME-TAX>                                     9,058                  18,462                  29,547                  41,460
<INCOME-CONTINUING>                             36,230                  73,989                 113,550                 154,860
<DISCONTINUED>                                       0                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0                       0
<CHANGES>                                            0                       0                       0                       0
<NET-INCOME>                                    36,230                  73,989                 113,550                 154,860
<EPS-PRIMARY>                                     1.05                    2.15                    3.29                    4.49
<EPS-DILUTED>                                     1.05                    2.14                    3.28                    4.48
<RESERVE-OPEN>                                       0                       0                       0               1,985,786
<PROVISION-CURRENT>                                  0                       0                       0                 849,235
<PROVISION-PRIOR>                                    0                       0                       0                  (7,724)
<PAYMENTS-CURRENT>                                   0                       0                       0                 172,875
<PAYMENTS-PRIOR>                                     0                       0                       0                 447,154
<RESERVE-CLOSE>                                      0                       0                       0               2,383,528
<CUMULATIVE-DEFICIENCY>                              0                       0                       0                   7,724


</TABLE>