<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