<ARTICLE> 7
<LEGEND>
This restated schedule contains summary financial information extracted
from the Company's consolidated financial statements as filed in Form 10-Q
for the quarter ended March 31, 1996.  This information is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                        19,284,739
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                     117,956
<MORTGAGE>                                      20,324
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              19,469,222<F1>
<CASH>                                         374,195<F1>
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                       2,557,914
<TOTAL-ASSETS>                              25,375,910
<POLICY-LOSSES>                             18,861,350
<UNEARNED-PREMIUMS>                            296,898
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                          195,927
<NOTES-PAYABLE>                                436,095
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        15,666
<OTHER-SE>                                   2,072,179
<TOTAL-LIABILITY-AND-EQUITY>                25,375,910
<PREMIUMS>                                   1,456,363
<INVESTMENT-INCOME>                            251,399
<INVESTMENT-GAINS>                               (643)
<OTHER-INCOME>                                  22,801
<BENEFITS>                                   1,209,009
<UNDERWRITING-AMORTIZATION>                     41,216
<UNDERWRITING-OTHER>                           332,512
<INCOME-PRETAX>                                147,183
<INCOME-TAX>                                    60,660
<INCOME-CONTINUING>                             86,523
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    86,523
<EPS-PRIMARY>                                      .61<F2>
<EPS-DILUTED>                                      .59<F2>
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1>Restated to reflect change in method of reporting cash to include cash
equivalents.
<F2>Restated for Statement of Financial Accounting Standard No. 128, Earnings
Per Share.
</FN>