UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549
                          ----------------------------------
                                      FORM 10-Q

          [Mark One]

          [X]  Quarterly Report  Pursuant  to Section  13 or  15(d) of  the
               Securities Exchange Act of 1934
                  For the quarterly period ended September 30, 1998.

                                          OR

          [  ] Transition Report  Pursuant to  Section 13 or  15(d) of  the
               Securities Exchange Act of 1934
                    For the transition period from          to
                                                  ---------      ---------.

                             Commission File No.  0-19727

                            CUMBERLAND TECHNOLOGIES, INC.
          -----------------------------------------------------------------
                (Exact name of registrant as specified in its charter)

               Florida                       59-3094503
          -----------------------------------------------------------------
          (State or other jurisdiction       (I.R.S.               Employer
          Identification 
               of corporation)                    No.)

          4311 West Waters Avenue, 
          Suite 501, Tampa, Florida          33614
          -----------------------------------------------------------------
          (Address of principal              (Zip Code)
            executive office)

                                    (813) 885-2112
          -----------------------------------------------------------------
                 (Registrant's telephone number, including area code)

                                    Not applicable
          -----------------------------------------------------------------
          (Former name, former address and former fiscal year, if changed
               since last report)

          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
          and (2) has been subject to such filing requirements for the past
          90 days.  Yes  [X]       No   [  ]

                  Applicable Only to Issuers Involved in Bankruptcy
                     Proceedings During the Preceding Five Years<PAGE>





          Indicate by a  check mark  whether the registrant  has filed  all
          documents and reports required to be filed by Sections 12, 13, or
          15(d)  of the Securities Exchange  Act of 1934  subsequent to the
          distribution of securities  under a  plan confirmed  by a  court.
                    Yes  [X]       No   [  ]

                         Applicable Only to Corporate Issuers

          The  number of shares of the Registrant's common stock, $.001 par
          value, outstanding as of September 30, 1998 was 5,444,958 shares.<PAGE>





                            CUMBERLAND TECHNOLOGIES, INC.

                   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                                            Nine Months Ended September
                                                        30,
                                           ----------------------------- 
                                                           
                                                1998           1997
                                           -------------- --------------

                                             (Unaudited)    (Unaudited)
                                           
          REVENUES:                        
                                           
               Direct premiums earned . .       6,102,701     3,981,294 
               Reinsurance premiums        
                  assumed   . . . . . . .         951,808       807,633 
               Less reinsurance ceded . .      (1,644,486)   (1,057,788)
                                            ----------------------------
               Net premium income . . . .       5,410,023     3,731,139 
                                           
               Net investment income  . .         303,501       297,892 
               Net realized investment     
                  gains   . . . . . . . .         142,800       207,781 
               Other income . . . . . . .         653,425       666,593 
                                            ----------------------------
                                                6,509,749     4,903,405 
          Benefits and expenses:           
               Losses and loss adjustment  
                  expenses  . . . . . . .       1,582,625     1,355,867 
               Amortization of deferred    
                  policy acquisition costs        943,914       769,453 
               Operating expenses . . . .       3,157,182     2,845,373 
               Interest expense . . . . .          89,059        93,883 
                                            ----------------------------
                                                5,772,780     5,064,576 
                                            ----------------------------
          Income (loss) before income      
               taxes  . . . . . . . . . .         736,969      (161,171)
          Income taxes (benefit)  . . . .         120,000             - 
                                            ----------------------------
          Net income (loss) . . . . . . .  $      616,969 $    (161,171)
                                            ============================
          Weighted average number of            5,448,965     5,449,538 
               shares . . . . . . . . . .   ============================
          Net income (loss) per share . .  $          .11 $        (.03)
                                            ============================

              See notes to condensed consolidated financial statements.<PAGE>





                            CUMBERLAND TECHNOLOGIES, INC.

                   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


                                            Three Months Ended September
                                                        30,
                                           -----------------------------
                                                            
                                                1998           1997
                                           -------------- --------------
                                             (Unaudited)    (Unaudited)
                                           
          REVENUES:                        
                                           
               Direct premiums earned . .       2,180,191     2,427,649 
               Reinsurance premiums        
                  assumed   . . . . . . .         462,839       617,064 
               Less reinsurance ceded . .        (805,927)     (840,184)
                                            ----------------------------
               Net premium income . . . .       1,837,103     2,204,529 
                                           
               Net investment income  . .          90,357       100,028 
               Net realized investment     
                  gains (losses)    . . .         (27,518)      128,304 
               Other income . . . . . . .          98,515       208,437 
                                            ----------------------------
                                                1,998,457     2,641,298 
          Benefits and expenses:           
               Losses and loss adjustment  
                  expenses  . . . . . . .         701,669       935,808 
               Amortization of deferred    
                  policy acquisition costs        186,007       627,230 
               Operating expenses . . . .         991,136       887,044 
               Interest expense . . . . .          29,437        31,972 
                                            ----------------------------
                                                1,908,249     2,482,054 
                                            ----------------------------
          Income before income             
               taxes  . . . . . . . . . .          90,208       159,244 
          Income taxes (benefit)  . . . .         120,000             - 
                                            ----------------------------
          Net income (loss) . . . . . . .  $      (29,792)$     159,244 
                                            ============================
          Weighted average number of       
               shares . . . . . . . . . .       5,448,965     5,449,458 
                                            ============================
          Net income (loss) per share . .  $         (.01)$         .03 
                                            ============================



              See notes to condensed consolidated financial statements.<PAGE>





                                      SIGNATURES
                                      ----------

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


                                           CUMBERLAND TECHNOLOGIES, INC.
                                           ------------------------------


           Date:   November 23, 1998       By:  /s/Joseph M. Williams
           ------------------------------  ------------------------------
                                           Joseph M. Williams
                                           President and
                                           Chief Executive Officer
                                           (Principle Executive Officer)


           Date:   November 23, 1998       By:  /s/  Carol S. Black
           ------------------------------  ------------------------------
                                           Carol S. Black
                                           Secretary and
                                           Chief Financial Officer
                                           (Principle Accounting and
                                           Financial Officer)<PAGE>
<PAGE>