ARGONAUT GROUP INC
10-C, 1995-04-12
INSURANCE AGENTS, BROKERS & SERVICE
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                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                  FORM 10-C

               REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                         INTERDEALER QUOTATION SYSTEM

 Filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
                     and Rule 13a-17 or 15d-17 thereunder
   
                          ARGONAUT GROUP, INC.
             (Exact name of issuer as specified in charter)

           1800 Avenue of the Stars,  Los Angeles,  CA 90067
                 (Address of principal executive office)

     Issuer's telephone number, including area code:  310.553.0651

I.   CHANGE IN NUMBER OF SHARES OUTSTANDING:

     Indicate any change (increase or decrease) of 5% or more in the number
     of shares outstanding:

     1.   Title of security:  Common Stock,  $0.10 Par Value

     2.   Number of shares outstanding before the change:  25,552,570

     3.   Number of shares outstanding after the change:   24,215,429

     4.   Effective date of change:  June 10, 1992 through April 11, 1995

     5.   Method of change:
          Specify method (such as merger, acquisition, exchange, distribution,
          stock split, reverse split, acquisition of stock for treasury, etc.)

          Acquisition of stock for treasury or retirement

          Give brief description of transactions:

          Numerous open market and negotiated transactions.


II.  CHANGE IN NAME OF ISSUER

     1.   Name prior to change:

     2.   Name after change:

     3.   Effective date of charter amendment changing name:

     4.   Date of shareholder approval of change, if required:



Date:  April 11,1995                   /s/  James B Halliday
                                       ---------------------
                                       Vice President, Secretary, & Treasurer



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