<TABLE> <S> <C>

<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TRAVELERS PROPERTY CASUALTY CORP.'S FINANCIAL STATEMENTS AS OF DECEMBER 31, 1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<DEBT-HELD-FOR-SALE>                            27,188
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       1,037
<MORTGAGE>                                         691
<REAL-ESTATE>                                       95
<TOTAL-INVEST>                                  31,031
<CASH>                                              47
<RECOVER-REINSURE>                               9,188
<DEFERRED-ACQUISITION>                             501
<TOTAL-ASSETS>                                  50,682
<POLICY-LOSSES>                                 30,324
<UNEARNED-PREMIUMS>                              3,867
<POLICY-OTHER>                                   1,923
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                  1,357
<PREFERRED-MANDATORY>                              900
<PREFERRED>                                          0
<COMMON>                                             4
<OTHER-SE>                                       7,773
<TOTAL-LIABILITY-AND-EQUITY>                    50,682
<PREMIUMS>                                       7,225
<INVESTMENT-INCOME>                              2,051
<INVESTMENT-GAINS>                                 169
<OTHER-INCOME>                                     101
<BENEFITS>                                       5,484
<UNDERWRITING-AMORTIZATION>                      1,127
<UNDERWRITING-OTHER>                             1,385
<INCOME-PRETAX>                                  1,752
<INCOME-TAX>                                       516
<INCOME-CONTINUING>                              1,236
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,236
<EPS-PRIMARY>                                     3.13<F1>
<EPS-DILUTED>                                     3.12<F1>
<RESERVE-OPEN>                                  30,969
<PROVISION-CURRENT>                              5,730
<PROVISION-PRIOR>                                (492)
<PAYMENTS-CURRENT>                               1,944
<PAYMENTS-PRIOR>                                 3,704
<RESERVE-CLOSE>                                 30,138
<CUMULATIVE-DEFICIENCY>                          (465)
        

<FN>
<F1>As previously discussed, the SEC issued SAB 98 which requires that FAS 128
be used to compute earnings per share (EPS) for periods prior to an initial
public offering. See Note 1 to Notes to Consolidated Financial Statements.
Accordingly, the Company has restated EPS for the first and second quarters of
1996 and for full year 1996. Restated amounts are as follows:

       
<CAPTION>
                Three months ended   Three months ended   Twelve months ended
                  March 31, 1996       June 30, 1996      December 31, 1996 
                ------------------   ------------------   ------------------
<S>                 <C>                  <C>                  <C>
EPS:
  Basic               $0.30               ($0.56)               $1.02
  Diluted             $0.30               ($0.56)               $1.02
                    

</FN>


</TABLE>