<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the consolidated balance sheets and consolidated statements of operations enclosed herein electronically in Form 10Q for the year-to-date, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <DEBT-HELD-FOR-SALE> 263,777 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 170,493 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 452,211 <CASH> 31,897 <F2> <RECOVER-REINSURE> 6,993 <DEFERRED-ACQUISITION> 3,486 <TOTAL-ASSETS> 569,997 <POLICY-LOSSES> 197,106 <UNEARNED-PREMIUMS> 23,930 <POLICY-OTHER> 2 <POLICY-HOLDER-FUNDS> 4,505 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 731 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 569,997 <PREMIUMS> 16,985 <INVESTMENT-INCOME> 4,623 <INVESTMENT-GAINS> 2,339 <OTHER-INCOME> 315 <BENEFITS> 10,722 <UNDERWRITING-AMORTIZATION> 2,017 <UNDERWRITING-OTHER> 2,545 <INCOME-PRETAX> 6,746 <INCOME-TAX> 2,030 <INCOME-CONTINUING> 4,716 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,716 <EPS-PRIMARY> .34 <EPS-DILUTED> .34 <RESERVE-OPEN> 151,663<F1> <PROVISION-CURRENT> 13,476<F1> <PROVISION-PRIOR> (2,754)<F1> <PAYMENTS-CURRENT> 2,992<F1> <PAYMENTS-PRIOR> 7,560<F1> <RESERVE-CLOSE> 151,493<F1> <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>All loss data is presented net of applicable reinsurance recoverable. <F2>Includes money market cash equivalents of $31,734. </FN>