<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <DEBT-HELD-FOR-SALE> 81,095 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 4 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 112,527 <CASH> 1,263 <RECOVER-REINSURE> 2,910 <DEFERRED-ACQUISITION> 37,606 <TOTAL-ASSETS> 288,796 <POLICY-LOSSES> 55,143 <UNEARNED-PREMIUMS> 129 <POLICY-OTHER> 41,434 <POLICY-HOLDER-FUNDS> 5,803 <NOTES-PAYABLE> 65,898 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,169 <OTHER-SE> 83,123 <TOTAL-LIABILITY-AND-EQUITY> 288,796 <PREMIUMS> 10,432 <INVESTMENT-INCOME> 1,816 <INVESTMENT-GAINS> 0 <OTHER-INCOME> 968 <BENEFITS> 5,707 <UNDERWRITING-AMORTIZATION> 1,050 <UNDERWRITING-OTHER> 3,572 <INCOME-PRETAX> 1,876 <INCOME-TAX> 407 <INCOME-CONTINUING> 8,616 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,616 <EPS-PRIMARY> 7.76 <EPS-DILUTED> 7.76 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0