5
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Amendment Number 5)
Under the Securities Exchange Act of
1934
Delphi Financial Group, Inc.
(Name of Issuer)
Class A Common Stock $.01 par value
(Title of Class of Securities)
247-131-10-5
(CUSIP Number)
Check the following box if a fee is being paid
with this statement [ ].
The information required on the remainder of
this cover page shall not be deemed to be
"filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that
section of the Act but shall be subject to all
other provisions of the Act.
<PAGE>
Cusip Number: 247-131-10-5
(1)
Name of Reporting Person and S.S. or I.R.S.
IdentificationNumber of Above Person:
Tiger Management L.L.C.
(2)
Check the Appropriate Box if a Member
of a Group:
(a)
(b)
(3)
SEC Use Only:
(4)
Citizenship or Place of Organization:
Delaware
(5) Sole Voting Power: -0-
(6) Shared Voting Power: -0-
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: -0-
(9)
Aggregate Amount Beneficially Owned by
Each Reporting Person: -0-
(10)
Check if the Aggregate Amount in Row
(9) Excludes Certain Shares:
(11)
Percent of Class Represented by Amount
in Row (9): 0%
(12)
Type of Reporting Person:
IA
<PAGE>
Cusip Number: 247-131-10-5
(1)
Name of Reporting Person and S.S. or
I.R.S. IdentificationNumber of Above
Person: Tiger Performance L.L.C.
(2)
Check the Appropriate Box if a Member
of a Group:
(a)
(b)
(3)
SEC Use Only:
(4)
Citizenship or Place of Organization:
Delaware
(5) Sole Voting Power: -0-
(6) Shared Voting Power: -0-
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: -0-
(9)
Aggregate Amount Beneficially Owned by Each
Reporting Person: -0-
(10)
Check if the Aggregate Amount in Row (9)
Excludes Certain Shares:
(11)
Percent of Class Represented by Amount in
Row (9): 0%
(12)
Type of Reporting Person:
IA
<PAGE>
Cusip Number: 247-131-10-5
(1)
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Panther Partners, L.P.
(2)
Check the Appropriate Box if a Member of a
Group:
(a)
(b)
(3)
SEC Use Only:
(4)
Citizenship or Place of Organization:
Delaware
(5) Sole Voting Power: -0-
(6) Shared Voting Power: -0-
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: -0-
(9)
Aggregate Amount Beneficially Owned by Each
Reporting Person: -0-
(10)
Check if the Aggregate Amount in Row (9)
Excludes Certain Shares:
(11)
Percent of Class Represented by Amount in
Row (9): 0%
(12)
Type of Reporting Person:
IV PN
<PAGE>
Cusip Number: 247-131-10-5
(1)
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Panther Management Company, L.P.
(2)
Check the Appropriate Box if a Member of
a Group:
(a)
(b)
(3)
SEC Use Only:
(4)
Citizenship or Place of Organization:
Delaware
(5) Sole Voting Power: -0-
(6) Shared Voting Power: -0-
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: -0-
(9)
Aggregate Amount Beneficially Owned by Each
Reporting Person: -0-
(10)
Check if the Aggregate Amount in Row (9)
Excludes Certain Shares:
(11)
Percent of Class Represented by Amount in
Row (9): 0%
(12)
Type of Reporting Person:
IA PN
<PAGE>
Cusip Number: 247-131-10-5
(1)
Name of Reporting Person and S.S. or
I.R.S. Identification Number of Above
Person:
Julian H. Robertson, Jr.
(2)
Check the Appropriate Box if a Member
of a Group:
(a)
(b)
(3)
SEC Use Only:
(4)
Citizenship or Place of Organization:
U.S.
(5) Sole Voting Power: -0-
(6) Shared Voting Power: -0-
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: -0-
(9)
Aggregate Amount Beneficially Owned by Each
Reporting Person: -0-
(10)
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
(11)
Percent of Class Represented by Amount in Row (9):
0%
(12)
Type of Reporting Person:
IN
<PAGE>
Item 1(a) Delphi Financial Group, Inc.
Item 1(b). 1105 North Market Street, Suite 1230,
Wilmington, Delaware 19899
Item 2(a) This statement is filed on behalf of
Tiger Management L.L.C.("TMLLC"), Tiger Performance
L.L.C. ("TPLLC"), Panther Partners, L.P. ("Panther")
and Panther Management Company, L.P. ("PMCLP").
Julian H. Robertson, Jr. is the ultimate controlling
person of TMLLC, TPLLC and PMCLP.
Item 2(b) The address of each reporting person is
101 Park Avenue, New York, NY 10178
Item 2(c) Incorporated by reference to item (4) of
the cover page pertaining to each reporting
person.
Item 2(d) Class A Common Stock $.01 par value
Item 2(e) 247-131-10-5
Item 3. Panther is an investment company
registered under Section 8 of the Investment
Company Act. Each of TMLLC, TPLLC and PMCLP is an
investment adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Item 4. Ownership as of December 31, 1996 is
incorporated by reference to items (5)-(9) and
(11) of the cover page pertaining to each
reporting person.
Item 5. The reporting persons have ceased to be
the beneficial owners of more than five percent of
the class.
Item 6. Not applicable
Item 7. Not applicable
Item 8. Not applicable
Item 9. Not applicable
Item 10. By signing below, I certify that, to the
best of my knowledge and belief, the securities
referred to above were acquired in the ordinary
course of business and were not acquired for the
purpose of and do not have the effect of changing
or influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction having
such purpose or effect.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the
information set forth in this statement is true,
complete and correct.
February 10, 1997
TIGER MANAGEMENT L.L.C.
/S/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/S/ Nolan Altman,
Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P.,
its General Partner
By: Panther Management Corporation,
its General Partner
/S/ Nolan Altman,
Chief Financial Officer
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation,
its General Partner
/S/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
/S/ Nolan Altman, Under Power of Attorney
Dated: January 27, 1995,
On File with Schedule 13G for Kohl's Corp. 2/7/95
EXHIBIT A
AGREEMENT
The undersigned agree that this Amendment Number 5 to Schedule 13G dated
February 10, 1997 relating to shares of Class A common stock of Delphi
Financial Group, Inc. shall be filed on behalf of each of the
undersigned.
TIGER MANAGEMENT L.L.C.
/S/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P.,
its General Partner By: Panther
Management Corporation,
its General Partner
/S/ Nolan Altman,
Chief Financial Officer
PANTHER MANAGEMENT COMPANY, L.P.
By Panther Management Corporation,
its General Partner
/S/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
/S/ Nolan Altman,
Under Power of Attorney
Dated: January 27, 1995,
On File with Schedule 13G for Kohl's Corp. 2/7/95
