WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>
                                                               
<ARTICLE> 7
<LEGEND>                                                                       
EXHIBIT 27.2
THIS FINANCIAL SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ORION CAPITAL CORPORATION'S FIRST,
SECOND AND THIRD QUARTER OF 1996 FINANCIAL STATEMENTS AND FOR THE YEAR ENDED DECEMBER 31, 1996 AND 1995, AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.  THE SCHEDULE HAS BEEN RESTATED FOR FAS
NO. 128 AND THE COMPANY'S 2-FOR-1 STOCK SPLIT OF ITS COMMON STOCK ISSUED ON JULY 7, 1997.
</LEGEND>
<MULTIPLIER> 1,000
<RESTATED>
                
<S>                          <C>          <C>            <C>          <C>            <C>                
<PERIOD-TYPE>                3-MOS         6-MOS          9-MOS        YEAR           YEAR 
<FISCAL-YEAR-END>            DEC-31-1996   DEC-31-1996    DEC-31-1996  DEC-31-1995    DEC-31-1996            
<PERIOD-START>                JAN-1-1996    JAN-1-1996     JAN-1-1996   JAN-1-1995     JAN-1-1996
<PERIOD-END>                 MAR-31-1996   JUN-30-1996    SEP-30-1996  DEC-31-1995    DEC-31-1996
<DEBT-HELD-FOR-SALE>             767,994     1,093,717      1,132,064      782,869      1,205,308
<DEBT-CARRYING-VALUE>            264,664       342,559        334,734      265,169        326,841
<DEBT-MARKET-VALUE>              271,265       347,188        340,061      276,282        334,755
<EQUITIES>                       304,416       386,873        366,757      304,885        361,593
<MORTGAGE>                         1,598         1,288          1,214        1,979          1,187
<REAL-ESTATE>                          0             0              0            0              0
<TOTAL-INVEST>                 1,618,357     2,235,282      2,233,468    1,602,861      2,309,767            
<CASH>                             7,298        26,744         20,924        3,584         11,607            
<RECOVER-REINSURE>               305,576       367,354        394,599      291,527        430,293            
<DEFERRED-ACQUISITION>            82,238       127,700        137,014       77,673        136,168            
<TOTAL-ASSETS>                 2,537,445     3,338,290      3,354,324    2,473,588      3,464,357            
<POLICY-LOSSES>                1,304,761     1,673,025      1,713,179    1,274,982      1,785,664           
<UNEARNED-PREMIUMS>              320,643       484,034        505,963      302,105        496,249            
<POLICY-OTHER>                         0             0              0            0              0            
<POLICY-HOLDER-FUNDS>             18,227        20,777         20,879       18,946         22,489            
<NOTES-PAYABLE>                  209,164       311,246        311,073      209,148        310,904            
<COMMON>                         161,668       161,661        161,746      161,996        173,925           
<PREFERRED-MANDATORY>                  0             0             0            0              0
<PREFERRED>                            0             0              0            0              0
<OTHER-SE>                       326,124       335,905        368,144      328,907        402,808
<TOTAL-LIABILITY-AND-EQUITY>   2,537,445     3,338,290      3,354,324    2,473,588      3,464,357
<PREMIUMS>                       186,932       621,511        954,447      749,003      1,300,752            
<INVESTMENT-INCOME>               25,086        70,793        106,821       99,040        145,391            
<INVESTMENT-GAINS>                 3,384        11,126         16,606       11,885         24,180            
<OTHER-INCOME>                     5,685        11,533         17,473       14,352         23,126            
<BENEFITS>                       127,132       431,310        655,018      512,233        882,992            
<UNDERWRITING-AMORTIZATION>       49,357       165,249        260,270      195,481        363,547            
<UNDERWRITING-OTHER>               9,254        24,425         37,891       43,352         51,546            
<INCOME-PRETAX>                   22,499        57,785         91,252       88,035        127,356            
<INCOME-TAX>                       4,612        13,767         21,444       20,413         32,033            
<INCOME-CONTINUING>               17,887        38,460         62,821       67,622         86,631            
<DISCONTINUED>                         0             0              0            0              0            
<EXTRAORDINARY>                        0             0              0            0              0
<CHANGES>                              0             0              0            0              0
<NET-INCOME>                      17,887        38,460         62,821       67,622         86,631
<EPS-BASIC>                          .65          1.40           2.29         2.41           3.16
<EPS-DILUTED>                        .64          1.38           2.26         2.38           3.12
<RESERVE-OPEN>                   993,978     1,280,317      1,280,317      891,542      1,280,317
<PROVISION-CURRENT>              125,773       648,356        648,356      500,514        874,123
<PROVISION-PRIOR>                  1,359         6,662          6,662       11,719          8,869
<PAYMENTS-CURRENT>                19,006       236,857        236,857      146,540        499,176
<PAYMENTS-PRIOR>                  89,004       369,475        369,475      263,257        295,713
<RESERVE-CLOSE>                1,013,100     1,329,003      1,329,003      993,978      1,368,420
<CUMULATIVE-DEFICIENCY>            1,359         6,662          6,662       11,719          8,869
           

</TABLE>