income for the first quarter of $31,154,478.

That compares with almost $2.4 million in net income for the first quarter of 1994 and follows a reported net income of $59.1 million in the company's first full year to the end of December.

The company paid $30 million in dividends to shareholders for the quarter.

Nothing was paid out after the first quarter of last year.

The positive results come as LaSalle Re nearly doubled its total revenues, year on year, from $26.95 million in the first quarter of 1994 to $51.47 million in the first quarter of 1995.

Premiums written are ahead by some $50 million, up to $137,204,598 from $87,324,876 during the comparative period a year ago.

Net Premiums earned were more than $45.3 million, an improvement over last year's first quarter of $26.9 million. Net investment income was $6,126,105, up from $4,391,430.

Losses and loss expenses incurred were down to $13.5 million from last year's first quarter figure of $22.4 million. Total expenses decreased from $24.6 million to $20.3 million.

Retained earnings at the end of the quarter were $59,316,141. Total assets at the end of this year's first quarter had climbed to $596,233,913 from $472,097,736 a year before.

LaSalle Re was formed in September 1993 by a trio of investors that included Chicago based holding company, Aon Corporation, CNA Insurance Companies and an investment affiliate of Lazard Freres & Co., Corporate Partners.