SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------
FORM 10-Q/A
(Amendment No. 1)
(X) Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the Quarterly Period Ended September 30, 1998
OR
( )TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from to
Commission File Number 1-11856
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TIG HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware 94-3172455
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
65 East 55th Street, 28th Floor
New York, New York 10022
(Address of principal executive offices)
(212) 446-2700
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 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 _____
Number of shares of Common Stock, $0.01 par value per share, outstanding as
of close of business on September 30, 1998: 51,314,515 excluding 16,258,097
treasury shares.
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<PAGE>
TIG HOLDINGS, INC.
SIGNATURES
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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 thereunto duly authorized.
Dated: November 17, 1998 TIG HOLDINGS, INC.
By: /s/CYNTHIA B. KOENIG
Name: Cynthia B. Koenig
Title: Controller
(Principal Accounting Officer)
By: /s/LOUIS J. PAGLIA
Name: Louis J. Paglia
Title: Executive Vice President,
Chief Financial Officer and Treasurer
(Principal Financial Officer)
<PAGE>
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<ARTICLE> 7
<LEGEND>
(Replace this text with the legend)
</LEGEND>
<CIK> 0000897430
<NAME> TIG Holdings, Inc.
<MULTIPLIER> 1,000,000
<CURRENCY> US Dollar
<S> <C>
<PERIOD-TYPE> 3-Mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-START> Jul-01-1998
<PERIOD-END> Sep-30-1998
<EXCHANGE-RATE> 1.00
<DEBT-HELD-FOR-SALE> 0
<DEBT-CARRYING-VALUE> 3,967
<DEBT-MARKET-VALUE> 3,967
<EQUITIES> 0
<MORTGAGE> 0
<REAL-ESTATE> 0
<TOTAL-INVEST> 4,203
<CASH> 36
<RECOVER-REINSURE> 1,848
<DEFERRED-ACQUISITION> 147
<TOTAL-ASSETS> 7,296
<POLICY-LOSSES> 4,032
<UNEARNED-PREMIUMS> 766
<POLICY-OTHER> 0
<POLICY-HOLDER-FUNDS> 0
<NOTES-PAYABLE> 164
25
0
<COMMON> 1,272
<OTHER-SE> (109)
<TOTAL-LIABILITY-AND-EQUITY> 7,296
383
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<INVESTMENT-GAINS> (2)
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<INCOME-PRETAX> (75)
<INCOME-TAX> 28
<INCOME-CONTINUING> (47)
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<CHANGES> 0
<NET-INCOME> (47)
<EPS-PRIMARY> (0.93)
<EPS-DILUTED> (0.93)
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