<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <DEBT-HELD-FOR-SALE> 176,689,922 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 3,691,358 <MORTGAGE> 13,850,332 <REAL-ESTATE> 391,149 <TOTAL-INVEST> 205,296,509 <CASH> 3,221,080 <RECOVER-REINSURE> 154,747 <DEFERRED-ACQUISITION> 27,161,380 <TOTAL-ASSETS> 264,637,550 <POLICY-LOSSES> 193,610,296 <UNEARNED-PREMIUMS> 15,297,620 <POLICY-OTHER> 1,753,082 <POLICY-HOLDER-FUNDS> 1,956,800 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,448,685 <OTHER-SE> 42,084,311 <TOTAL-LIABILITY-AND-EQUITY> 264,637,550 <PREMIUMS> 9,988,912 <INVESTMENT-INCOME> 3,394,267 <INVESTMENT-GAINS> 17,567 <OTHER-INCOME> 71,706 <BENEFITS> 4,899,570 <UNDERWRITING-AMORTIZATION> 23,195 <UNDERWRITING-OTHER> 7,843,683 <INCOME-PRETAX> 706,004 <INCOME-TAX> 148,261 <INCOME-CONTINUING> 557,743 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 557,743 <EPS-PRIMARY> .62 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0