<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <DEBT-HELD-FOR-SALE> 82,768,022 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 126,027,645 <MORTGAGE> 0 <REAL-ESTATE> 10,326,864 <TOTAL-INVEST> 220,676,295 <CASH> 858,085 <RECOVER-REINSURE> 155,328 <DEFERRED-ACQUISITION> 13,785,484 <TOTAL-ASSETS> 264,026,110 <POLICY-LOSSES> 77,617,365 <UNEARNED-PREMIUMS> 40,912,754 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <COMMON> 11,536,015 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 123,852,040 <TOTAL-LIABILITY-AND-EQUITY> 264,026,110 <PREMIUMS> 62,485,746 <INVESTMENT-INCOME> 6,738,773 <INVESTMENT-GAINS> 7,796,106 <OTHER-INCOME> 181,010 <BENEFITS> 33,159,466 <UNDERWRITING-AMORTIZATION> (260,707) <UNDERWRITING-OTHER> 22,487,587 <INCOME-PRETAX> 20,810,005 <INCOME-TAX> 6,445,125 <INCOME-CONTINUING> 14,364,880 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,364,880 <EPS-BASIC> 1.28 <EPS-DILUTED> 1.27 <RESERVE-OPEN> 78,504,050 <PROVISION-CURRENT> 39,367,681 <PROVISION-PRIOR> (6,208,215) <PAYMENTS-CURRENT> 14,827,517 <PAYMENTS-PRIOR> 19,218,634 <RESERVE-CLOSE> 77,617,365 <CUMULATIVE-DEFICIENCY> 0