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:
<TABLE> <S> <C>
<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.
</LEGEND>
<S> <C>
<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
0
14,500,534
<OTHER-SE> (13,850,682)
<TOTAL-LIABILITY-AND-EQUITY> 255,934,572
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)
</TABLE>
