AMBAC FINANCIAL GROUP INC
10-Q, EX-27, 2000-11-13
SURETY INSURANCE
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<TABLE> <S> <C>

<PAGE>

<ARTICLE> 7
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<DEBT-HELD-FOR-SALE>                         8,260,574
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       5,401
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<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         147,413
<TOTAL-ASSETS>                              10,114,724
<POLICY-LOSSES>                                128,517
<UNEARNED-PREMIUMS>                          1,497,541
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                424,044
                                0
                                          0
<COMMON>                                           707
<OTHER-SE>                                   2,371,837
<TOTAL-LIABILITY-AND-EQUITY>                10,114,724
                                     230,774
<INVESTMENT-INCOME>                            177,623
<INVESTMENT-GAINS>                             (9,974)
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<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                                353,604
<INCOME-TAX>                                    84,418
<INCOME-CONTINUING>                            269,186
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   269,186
<EPS-BASIC>                                       3.85
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<CUMULATIVE-DEFICIENCY>                              0


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