<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the Company's consolidated financial statements as filed in Form 10-K for the year ended December 31, 1996, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 20,327,726 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 136,328 <MORTGAGE> 17,802 <REAL-ESTATE> 0 <TOTAL-INVEST> 20,746,535 <CASH> 0 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 2,582,946 <TOTAL-ASSETS> 25,022,812 <POLICY-LOSSES> 19,736,430 <UNEARNED-PREMIUMS> 288,976 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 208,799 <NOTES-PAYABLE> 353,533 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,724 <OTHER-SE> 2,109,845 <TOTAL-LIABILITY-AND-EQUITY> 25,022,812 <PREMIUMS> 5,910,036 <INVESTMENT-INCOME> 1,021,955 <INVESTMENT-GAINS> 1,980 <OTHER-INCOME> 166,232<F1> <BENEFITS> 4,895,522 <UNDERWRITING-AMORTIZATION> 162,475 <UNDERWRITING-OTHER> 1,392,205 <INCOME-PRETAX> 650,001 <INCOME-TAX> 255,638 <INCOME-CONTINUING> 394,363 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 394,363 <EPS-PRIMARY> 2.73 <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>Includes $60.3 million gain from the sale of a television station on December 31, 1996. </FN>