<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, 1998, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <DEBT-HELD-FOR-SALE> 18,983 <DEBT-CARRYING-VALUE> 7,441 <DEBT-MARKET-VALUE> 6,822 <EQUITIES> 177 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 26,620 <CASH> 374 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 3,067 <TOTAL-ASSETS> 31,183 <POLICY-LOSSES> 23,481 <UNEARNED-PREMIUMS> 309 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 244 <NOTES-PAYABLE> 596 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 32 <OTHER-SE> 3,738 <TOTAL-LIABILITY-AND-EQUITY> 31,183 <PREMIUMS> 5,943 <INVESTMENT-INCOME> 1,138 <INVESTMENT-GAINS> (2) <OTHER-INCOME> 25 <BENEFITS> 4,877 <UNDERWRITING-AMORTIZATION> 201 <UNDERWRITING-OTHER> 1,475<F1> <INCOME-PRETAX> 551 <INCOME-TAX> 64<F2> <INCOME-CONTINUING> 487 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 487 <EPS-PRIMARY> 1.83<F3> <EPS-DILUTED> 1.76<F3> <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>Includes provision of $111 for mandated policyholder protection fund. <F2>Includes ($121) deferred tax benefit from Japan tax rate reduction. <F3>Adjusted for the two-for-one stock split issued June 8, 1998. Prior year financial data schedules have not been restated. </FN>