<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN RE
CORPORATION'S REPORT ON FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

<MULTIPLIER> 1,000,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<DEBT-HELD-FOR-SALE>                             6,657
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                         410
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                   7,081
<CASH>                                             682
<RECOVER-REINSURE>                               3,185
<DEFERRED-ACQUISITION>                             331
<TOTAL-ASSETS>                                  14,867
<POLICY-LOSSES>                                  8,595
<UNEARNED-PREMIUMS>                              1,243
<POLICY-OTHER>                                     357
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                    574
<PREFERRED-MANDATORY>                              238
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                       2,552
<TOTAL-LIABILITY-AND-EQUITY>                    14,867
<PREMIUMS>                                       2,313
<INVESTMENT-INCOME>                                336
<INVESTMENT-GAINS>                                  46
<OTHER-INCOME>                                      23
<BENEFITS>                                       1,913
<UNDERWRITING-AMORTIZATION>                        739
<UNDERWRITING-OTHER>                               103
<INCOME-PRETAX>                                   (37)
<INCOME-TAX>                                      (24)
<INCOME-CONTINUING>                               (13)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      (23)
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0

<F1>REPRESENTS COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED SECURITIES OF
SUBSIDARY TRUST HOLDING AS ALL OF ITS ASSETS JUNIOR SUBORDINATED DEBENTURES.