FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For Quarter Ended June 30,1996
Commission file number 33-27665
NYMAGIC, INC.
(Exact name of registrant as specified in its charter)
New York 13-3534162
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
330 Madison Avenue, NewYork, New York 10017
(Address of principal executive offices) (zip code)
(212) 551-0600
(Registrants telephone number, includingarea code)
(Former name, former address and formerfiscal years,
if changed since last report.)
Indicate by check mark whether the registrant (1) has filed allreports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during thepreceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes X No
Indicate the number of shares outstanding of each of the issuers classes of
common stock, as of the latest practicable date.
On July 1, 1996 there were 10,506,242 shares of common stock,$1.00 per value
outstanding.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 7
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<DEBT-HELD-FOR-SALE> 341,647
<DEBT-CARRYING-VALUE> 0
<DEBT-MARKET-VALUE> 0
<EQUITIES> 40,478
<MORTGAGE> 0
<REAL-ESTATE> 0
<TOTAL-INVEST> 407,035
<CASH> 402
<RECOVER-REINSURE> 202,670
<DEFERRED-ACQUISITION> 10,572
<TOTAL-ASSETS> 701,678
<POLICY-LOSSES> 0
<UNEARNED-PREMIUMS> 69,646
<POLICY-OTHER> 416,600
<POLICY-HOLDER-FUNDS> 0
0
0
<COMMON> 14,785
<OTHER-SE> 167,306
<TOTAL-LIABILITY&-EQUITY> 701,678
49,558
<INVESTMENT-INCOME> 10,511
<INVESTMENT-GAINS> 2,040
<OTHER-INCOME> 266
<BENEFITS> 29,935
<UNDERWRITING-AMORTIZATION> 9,919
<UNDERWRITING-OTHER> 7,688
<INCOME-PRETAX> 14,741
<INCOME-TAX> 3,784
<INCOME-CONTINUING> 10,957
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 10,957
<EPS-PRIMARY> 1.02
<EPS-DILUTED> 1.02
<RESERVE-OPEN> 0
<PROVISION-CURRENT> 0
<PROVISION-PRIOR> 0
<PAYMENTS-CURRENT> 0
<PAYMENTS-PRIOR> 0
<RESERVE-CLOSE> 0
<CUMULATIVE-DEFICIENCY> 0
[TEXT]
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereuntoduly authorized.
NYMAGIC, INC.
(Registrant)
Date: October 7, 1996 /s/ Mark W. Blackman
Mark W. Blackman
(Chief Executive Officer)
/s/ Thomas J. Iacopelli
Thomas J. Iacopelli
(Chief Financial Officer)
11
</TABLE>
