REPUBLIC AMERICAN CORP <RAWC.O> 3RD QTR NET Oper shr 36 cts vs 25 cts Oper net 7,100,00 vs 5,700,000 Avg shrs 20.0 mln vs 22.8 mln Nine mths Oper shr 1.03 dlrs vs 73 cts Oper net 21.3 mln vs 15.2 mln Avg shrs 20.7 mln vs 20.9 mln NOTE: 1986 net excludes realized capital gains of 2,300,000 dlrs in quarter and 22.6 mln dlrs in nine mths.