<TABLE> <S> <C>
<PAGE>
<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AMERICAN RE
CORPORATION'S REPORT ON FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<DEBT-HELD-FOR-SALE> 6,657
<DEBT-CARRYING-VALUE> 0
<DEBT-MARKET-VALUE> 0
<EQUITIES> 410
<MORTGAGE> 0
<REAL-ESTATE> 0
<TOTAL-INVEST> 7,081
<CASH> 682
<RECOVER-REINSURE> 3,185
<DEFERRED-ACQUISITION> 331
<TOTAL-ASSETS> 14,867
<POLICY-LOSSES> 8,595
<UNEARNED-PREMIUMS> 1,243
<POLICY-OTHER> 357
<POLICY-HOLDER-FUNDS> 0
<NOTES-PAYABLE> 574
238<F1>
0
<COMMON> 0
<OTHER-SE> 2,552
<TOTAL-LIABILITY-AND-EQUITY> 14,867
2,313
<INVESTMENT-INCOME> 336
<INVESTMENT-GAINS> 46
<OTHER-INCOME> 23
<BENEFITS> 1,913
<UNDERWRITING-AMORTIZATION> 739
<UNDERWRITING-OTHER> 103
<INCOME-PRETAX> (37)
<INCOME-TAX> (24)
<INCOME-CONTINUING> (13)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (23)
<EPS-BASIC> 0
<EPS-DILUTED> 0
<RESERVE-OPEN> 0
<PROVISION-CURRENT> 0
<PROVISION-PRIOR> 0
<PAYMENTS-CURRENT> 0
<PAYMENTS-PRIOR> 0
<RESERVE-CLOSE> 0
<CUMULATIVE-DEFICIENCY> 0
<FN>
<F1>REPRESENTS COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED SECURITIES OF
SUBSIDARY TRUST HOLDING AS ALL OF ITS ASSETS JUNIOR SUBORDINATED DEBENTURES.
</FN>
</TABLE>