10-K/A

          UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.  20549
             
                           FORM 10-K/A-2
              
                           ANNUAL REPORT
(Mark one)

  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT
   OF 1934
For the fiscal year ended December 31, 1994
                                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 number 0-8804
                                 
                    THE SEIBELS BRUCE GROUP, INC.
       (Exact name of registrant as specified in its charter)

              South Carolina                                    57-
0672136
     (State or other jurisdiction of
(IRS employer
     incorporation or organization)
identification no.)

     1501 Lady Street (P.O. Box 1)
          Columbia, S.C.                                    29201(2)
         (Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code               (803) 748-
2000

     Securities registered pursuant to Section 12(b) of the Act:

EX-27

 

<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from the
Seibels Bruce Group, Inc.'s financial statements for the period ended
December 31, 1994 and is qualified in its entirety by reference to such
financial statements.

       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<DEBT-HELD-FOR-SALE>                        38,940,939
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                     458,492
<MORTGAGE>                                   1,965,000
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              61,868,036
<CASH>                                               0
<RECOVER-REINSURE>                          30,277,569
<DEFERRED-ACQUISITION>                         899,053
<TOTAL-ASSETS>                             255,934,572
<POLICY-LOSSES>                             80,684,539
<UNEARNED-PREMIUMS>                          6,945,280
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                439,167
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                 14,500,534
<OTHER-SE>                                (13,850,682)
<TOTAL-LIABILITY-AND-EQUITY>               255,934,572
<PREMIUMS>                                  16,518,833
<INVESTMENT-INCOME>                          6,226,426
<INVESTMENT-GAINS>                         (6,327,250)
<OTHER-INCOME>                              29,265,909
<BENEFITS>                                  34,177,354
<UNDERWRITING-AMORTIZATION>                  5,538,067
<UNDERWRITING-OTHER>                        24,692,513
<INCOME-PRETAX>                           (19,045,381)
<INCOME-TAX>                                    28,820
<INCOME-CONTINUING>                       (19,074,201)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (19,074,201)
<EPS-PRIMARY>                                   (1.72)
<EPS-DILUTED>                                   (1.72)
<RESERVE-OPEN>                             118,461,000
<PROVISION-CURRENT>                         16,451,000
<PROVISION-PRIOR>                           16,451,000
<PAYMENTS-CURRENT>                          10,291,000
<PAYMENTS-PRIOR>                            62,464,000
<RESERVE-CLOSE>                             79,114,000
<CUMULATIVE-DEFICIENCY>                   (16,957,000)