<ARTICLE> 7
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FOR 10-Q FOR
THE THREE MONTHS ENDED MARCH 31, 1998 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-END>                               MAR-31-1998
<DEBT-HELD-FOR-SALE>                            86,131
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           4
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 117,758
<CASH>                                             838
<RECOVER-REINSURE>                              11,462
<DEFERRED-ACQUISITION>                          45,862
<TOTAL-ASSETS>                                 302,537
<POLICY-LOSSES>                                 60,395
<UNEARNED-PREMIUMS>                                 90
<POLICY-OTHER>                                  44,663
<POLICY-HOLDER-FUNDS>                            4,245
<NOTES-PAYABLE>                                 52,256
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,169
<OTHER-SE>                                     114,156
<TOTAL-LIABILITY-AND-EQUITY>                   302,537
<PREMIUMS>                                       9,764
<INVESTMENT-INCOME>                              1,938
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                     347
<BENEFITS>                                       4,108
<UNDERWRITING-AMORTIZATION>                      1,196
<UNDERWRITING-OTHER>                             3,099
<INCOME-PRETAX>                                  2,733
<INCOME-TAX>                                       400
<INCOME-CONTINUING>                              2,333
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,333
<EPS-PRIMARY>                                     0.43
<EPS-DILUTED>                                     0.42
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0