<TABLE> <S> <C>

<ARTICLE> 7
<LEGEND>


                                                                      Exhibit 27

                         RISCORP, INC. AND SUBSIDIARIES
                             Financial Data Schedule
As of and for the nine month period ended September 30, 1999 (As Restated)
                                                              (Unaudited)
                                 (in thousands)


THIS SCHEDULE  CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM FINANCIAL
STATEMENTS  AS OF AND FOR THE NINE MONTH PERIOD ENDED  SEPTEMBER 30, 1999 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.


</LEGEND>
<MULTIPLIER>                    1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999<F1><F2>
<DEBT-HELD-FOR-SALE>                            79,504
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  79,504
<CASH>                                           4,106
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                               0
<TOTAL-ASSETS>                                   94,666
<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>                                      87,513
<TOTAL-LIABILITY-AND-EQUITY>                    94,666
<PREMIUMS>                                           0
<INVESTMENT-INCOME>                              4,166
<INVESTMENT-GAINS>                                 150
<OTHER-INCOME>                                       0
<BENEFITS>                                           0
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                                 (10,373)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             (7,507)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (7,507)
<EPS-BASIC>                                     (.20)
<EPS-DILUTED>                                     (.20)
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0

<FN>

<F1>Financial  Data Schedule  information for the year
ending December 31, 1998 is incorporated by reference herein to FORM 10-K/A
annual report as filed with the  Securities  and Exchange  Commission by the
Company on June 7, 1999.

<F2>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>