<ARTICLE> 7 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 147,584,051 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 2,607,818 <MORTGAGE> 13,881,835 <REAL-ESTATE> 212,843 <TOTAL-INVEST> 174,990,393 <CASH> 2,647,566 <RECOVER-REINSURE> 158,314 <DEFERRED-ACQUISITION> 27,921,174 <TOTAL-ASSETS> 227,139,628 <POLICY-LOSSES> 171,094,370 <UNEARNED-PREMIUMS> 9,282,242 <POLICY-OTHER> 1,594,541 <POLICY-HOLDER-FUNDS> 1,948,683 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,441,718 <OTHER-SE> 36,230,310 <TOTAL-LIABILITY-AND-EQUITY> 227,139,628 <PREMIUMS> 36,354,025 <INVESTMENT-INCOME> 11,653,732 <INVESTMENT-GAINS> (489,685) <OTHER-INCOME> 261,524 <BENEFITS> 19,134,559 <UNDERWRITING-AMORTIZATION> 764,528 <UNDERWRITING-OTHER> 26,324,935 <INCOME-PRETAX> 1,555,574 <INCOME-TAX> (46,000) <INCOME-CONTINUING> 1,601,574 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,601,574 <EPS-PRIMARY> 1.78 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0