<TABLE> <S> <C>

<ARTICLE> 7
<LEGEND>

                                                                 Exhibit 27
                    RISCORP, INC. AND SUBSIDIARIES
                       Financial Data Schedule
          As of and for the three month period ended March 31, 1999 
                                (Unaudited)
                               (in thousands)


THIS SCHEDULE  CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM FINANCIAL
STATEMENTS AS OF AND FOR THE PERIOD ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

</LEGEND>
<MULTIPLIER>                    1000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999<F1><F2><F3>
<DEBT-HELD-FOR-SALE>                            74,984
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  74,984
<CASH>                                          26,752
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                               0
<TOTAL-ASSETS>                                 123,286
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           386
<OTHER-SE>                                      94,309
<TOTAL-LIABILITY-AND-EQUITY>                   123,286
<PREMIUMS>                                           0
<INVESTMENT-INCOME>                              1,799
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                       0
<BENEFITS>                                           0
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                                   (839)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                               (839)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      (839)
<EPS-PRIMARY>                                     (.02)
<EPS-DILUTED>                                     (.02)
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
        
<FN>
<F1>Net  investment  income is reported net of any realized  gains and losses in
the Statement of Income.
<F2>Financial  Data Schedule  information for the year
ending December 31, 1998 is incorporated by reference herein to FORM 10-K annual
report as filed with the  Securities  and Exchange  Commission by the Company on
March 23, 1999.
<F3>Amounts  inapplicable or not disclosed as a separate line on
the Statement of Financial  Position or Results of Operations  are reported as 0
herein.
</FN>

</TABLE>