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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



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Form 10-Q/A

Amendment No. 1



QUARTERLY REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934



FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2005



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Commission File No. 1-12449



SCPIE HOLDINGS INC.

(Exact name of registrant as specified in its charter)



|                                                              |  |                                    
|------------------------------------------------------------- |  | -----------------------------------
|DELAWARE                                                      |  | 95-4557980                         
|(State or other jurisdictionof incorporation or organization) |  | (I.R.S. EmployerIdentification No.)



1888 Century Park
East, Los Angeles, California 90067

www.scpie.com

(Address of principal executive offices and Internet site)



(310) 551-5900

(Registrants telephone number, including area code)



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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
by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).



Yes x     No ̈



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



|                                           |  |                           
|------------------------------------------ |  | --------------------------
|Class                                      |  | Outstanding at May 5, 2005
|Preferred stock, par value $1.00 per share |  | No shares outstanding     
|Common stock, par value $0.0001 per share  |  | 9,904,604 shares          



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##### Table of Contents

TABLE OF CONTENTS



PART IV



|        |  |          |  |  
|------- |  | -------- |  | -
|Item 6. |  | Exhibits |  | 2



PART IV



|ITEM 6. | EXHIBITS
|------- | --------



|       |  |                                                                                                                                                                                   
|------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NUMBER |  | DOCUMENT                                                                                                                                                                          
|       | 
|31.1   |  | Amended Certification of Registrants Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 and Section 302 of the Sarbanes-Oxley Act of
2002.
|       | 
|31.2   |  | Amended Certification of Registrants Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 and Section 302 of the Sarbanes-Oxley Act of
2002.





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SIGNATURES



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



|                  |  |  |  |                     |  |                          |  |                                                                    
|----------------- |  |  |  | ------------------- |  | ------------------------ |  | -------------------------------------------------------------------
|                  |  |  |  | SCPIE HOLDINGS INC.
|                  |  |  | 
|Date: May 9, 2005 |  |  |  | By:                 |  | /s/    Donald J. Zuk    
|                  |  |  |  |                     |  |                          |  | Donald J. Zuk President and Chief Executive Officer                
|                  |  |  |  |                    
|                  |  |  | 
|Date: May 9, 2005 |  |  |  | By:                 |  | /s/    Robert B. Tschudy
|                  |  |  |  |                     |  |                          |  | Robert B. Tschudy Senior Vice President and Chief Financial Officer



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