<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <DEBT-HELD-FOR-SALE> 0 <DEBT-CARRYING-VALUE> 5629637 <DEBT-MARKET-VALUE> 104372404 <EQUITIES> 66252 <MORTGAGE> 1777175 <REAL-ESTATE> 535084 <TOTAL-INVEST> 134231444 <CASH> 7869692 <RECOVER-REINSURE> 2039732 <DEFERRED-ACQUISITION> 36624955 <TOTAL-ASSETS> 214192098 <POLICY-LOSSES> 130873733 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 10095495 <POLICY-HOLDER-FUNDS> 2023573 <NOTES-PAYABLE> 499667 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 45996757 <OTHER-SE> 22825741 <TOTAL-LIABILITY-AND-EQUITY> 214192098 <PREMIUMS> 39301429 <INVESTMENT-INCOME> 6582091 <INVESTMENT-GAINS> 93376 <OTHER-INCOME> 362276 <BENEFITS> 28163829 <UNDERWRITING-AMORTIZATION> 7525764 <UNDERWRITING-OTHER> 6374934 <INCOME-PRETAX> 2268251 <INCOME-TAX> 956253 <INCOME-CONTINUING> 1311998 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1311998 <EPS-PRIMARY> .07 <EPS-DILUTED> .07 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0