<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, 1997.  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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<DEBT-HELD-FOR-SALE>                        19,535,132
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                     137,044
<MORTGAGE>                                      16,772
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              19,739,498<F1>
<CASH>                                         919,452<F1>
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                       2,517,646
<TOTAL-ASSETS>                              27,107,769
<POLICY-LOSSES>                             19,078,960
<UNEARNED-PREMIUMS>                            279,398
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                          191,436
<NOTES-PAYABLE>                                496,153
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        15,735
<OTHER-SE>                                   2,281,321
<TOTAL-LIABILITY-AND-EQUITY>                27,107,769
<PREMIUMS>                                   1,436,087
<INVESTMENT-INCOME>                            251,629
<INVESTMENT-GAINS>                               (443)
<OTHER-INCOME>                                  20,270
<BENEFITS>                                   1,187,069
<UNDERWRITING-AMORTIZATION>                     41,662
<UNDERWRITING-OTHER>                           329,693
<INCOME-PRETAX>                                149,119
<INCOME-TAX>                                    58,962
<INCOME-CONTINUING>                             90,157
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    90,157
<EPS-PRIMARY>                                      .66<F2>
<EPS-DILUTED>                                      .64<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>