<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1 to
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the Quarterly Period Ended Commission File
June 30, 1996 No. 1-1569
AMERICAN PREMIER UNDERWRITERS, INC.
Incorporated under IRS Employer I.D.
the Laws of Pennsylvania No. 23-6000765
One East Fourth Street, Cincinnati, Ohio 45202
(513) 579-6600
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This Form 10-Q/A is being filed
to renumber Exhibit 7 as Exhibit 27.
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<PAGE>
The Financial Data Schedule was filed on 8/14/96 as Exhibit 7 and
is being refiled to correctly number the exhibit as Exhibit 27.
Pursuant to the requirements of the Securities Exchange Act of
1934, American Premier Underwriters, Inc. has duly caused this
Amendment to be signed on its behalf by the undersigned duly
authorized.
American Premier Underwriters, Inc.
October 4, 1996 BY: s/Fred J. Runk
Fred J. Runk
Senior Vice President and Treasurer
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<TABLE> <S> <C>
<ARTICLE> 7
<LEGEND>
This schedule (which was previously filed as Exhibit 7) contains
summary financial information extracted from American Premier
Underwriters, Inc. 10-Q for the six months ended June 30, 1996
and is qualified it its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<DEBT-HELD-FOR-SALE> 1,498,200
<DEBT-CARRYING-VALUE> 318,700
<DEBT-MARKET-VALUE> 316,400
<EQUITIES> 47,000<F1>
<MORTGAGE> 0
<REAL-ESTATE> 8,000
<TOTAL-INVEST> 1,906,300<F2>
<CASH> 73,300
<RECOVER-REINSURE> 5,100
<DEFERRED-ACQUISITION> 84,200
<TOTAL-ASSETS> 3,797,900
<POLICY-LOSSES> 1,133,000
<UNEARNED-PREMIUMS> 408,000
<POLICY-OTHER> 0
<POLICY-HOLDER-FUNDS> 37,300
<NOTES-PAYABLE> 265,100
0
0
<COMMON> 47,000
<OTHER-SE> 1,533,900
<TOTAL-LIABILITY-AND-EQUITY> 3,797,900
677,500
<INVESTMENT-INCOME> 109,500
<INVESTMENT-GAINS> 6,700
<OTHER-INCOME> 62,700<F3>
<BENEFITS> 512,300
<UNDERWRITING-AMORTIZATION> 0
<UNDERWRITING-OTHER> 161,200
<INCOME-PRETAX> 139,300<F4>
<INCOME-TAX> (55,000)
<INCOME-CONTINUING> 84,300
<DISCONTINUED> 0
<EXTRAORDINARY> (4,600)
<CHANGES> 0
<NET-INCOME> 79,700
<EPS-PRIMARY> 0<F5>
<EPS-DILUTED> 0<F5>
<RESERVE-OPEN> 1,195,000
<PROVISION-CURRENT> 0
<PROVISION-PRIOR> 0
<PAYMENTS-CURRENT> 0
<PAYMENTS-PRIOR> 0
<RESERVE-CLOSE> 0
<CUMULATIVE-DEFICIENCY> 0
<FN>
<F1> Includes an investment in investee of $43.7 million.
<F2> Includes loans receivable of $30.3 million and other investments
of $4.1 million.
<F3> Includes equity in net earnings of investee of $3.0 million,
gain on sale of subsidiry of $53.1 million and other income
of $6.6 million.
<F4> Includes policyholder dividends of $.4 million, interest charges
on borrowed money of $20.4 million and other operating and
general expenses of $22.8 million.
<F5> Not applicable since all common shares are owned by American
Financial Group, Inc.
</FN>
</TABLE>
