ACCEPTANCE INSURANCE HOLDINGS INC &lt;ACPT> YEAR

  Oper shr profit 1.80 dlrs vs loss 2.28 dlrs
      Oper net profit 2,048,0000 vs loss 1,318,000
      Revs 25.4 mln vs 12.3 mln
      Avg shrs 1,135,000 vs 576,000
      NOTE: Net excludes realized investment gains of 40,000 dlrs
  vs 13,000 dlrs.
      1986 net excludes 729,000 dlr tax credit.
  

