<ARTICLE> 7
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM FORM 10-Q FOR
THE SIX MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<DEBT-HELD-FOR-SALE>                            84,844
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           4
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 118,774
<CASH>                                           1,210
<RECOVER-REINSURE>                              12,306
<DEFERRED-ACQUISITION>                          46,926
<TOTAL-ASSETS>                                 306,403
<POLICY-LOSSES>                                 60,776
<UNEARNED-PREMIUMS>                                 90
<POLICY-OTHER>                                  44,693
<POLICY-HOLDER-FUNDS>                            4,258
<NOTES-PAYABLE>                                 50,719
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,169
<OTHER-SE>                                     117,603
<TOTAL-LIABILITY-AND-EQUITY>                   306,403
<PREMIUMS>                                      19,721
<INVESTMENT-INCOME>                              3,921
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                     697
<BENEFITS>                                       7,904
<UNDERWRITING-AMORTIZATION>                      2,266
<UNDERWRITING-OTHER>                             6,599
<INCOME-PRETAX>                                  5,959
<INCOME-TAX>                                     1,133
<INCOME-CONTINUING>                              4,826
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,826
<EPS-PRIMARY>                                     0.89
<EPS-DILUTED>                                     0.86
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0