<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <DEBT-HELD-FOR-SALE> 192,590,516 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 3,037,455 <MORTGAGE> 16,150,027 <REAL-ESTATE> 383,799 <TOTAL-INVEST> 222,839,847 <CASH> 3,176,822 <RECOVER-REINSURE> 155,828 <DEFERRED-ACQUISITION> 26,585,788 <TOTAL-ASSETS> 285,907,021 <POLICY-LOSSES> 203,176,223 <UNEARNED-PREMIUMS> 18,883,830 <POLICY-OTHER> 1,789,683 <POLICY-HOLDER-FUNDS> 1,838,517 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,446,837 <OTHER-SE> 47,508,919 <TOTAL-LIABILITY-AND-EQUITY> 285,907,021 <PREMIUMS> 30,344,711 <INVESTMENT-INCOME> 10,539,966 <INVESTMENT-GAINS> 177,288 <OTHER-INCOME> 257,274 <BENEFITS> 13,458,614 <UNDERWRITING-AMORTIZATION> (139,453) <UNDERWRITING-OTHER> 25,166,277 <INCOME-PRETAX> 2,833,801 <INCOME-TAX> 595,098 <INCOME-CONTINUING> 2,238,703 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,238,703 <EPS-PRIMARY> 2.48 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0