<ARTICLE> 7 <MULTIPLIER> 1000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <DEBT-HELD-FOR-SALE> 2,617,034 <DEBT-CARRYING-VALUE> 2,005,845 <DEBT-MARKET-VALUE> 2,049,241 <EQUITIES> 813,774 <MORTGAGE> 730,229 <REAL-ESTATE> 31,672 <TOTAL-INVEST> 6,476,670 <CASH> 18,056 <RECOVER-REINSURE> 30,914 <DEFERRED-ACQUISITION> 552,418 <TOTAL-ASSETS> 7,694,241 <POLICY-LOSSES> 4,499,535 <UNEARNED-PREMIUMS> 28,058 <POLICY-OTHER> 49,099 <POLICY-HOLDER-FUNDS> 197,903 <NOTES-PAYABLE> 317,346 <COMMON> 59,330 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,873,988 <TOTAL-LIABILITY-AND-EQUITY> 7,694,241 <PREMIUMS> 300,243 <INVESTMENT-INCOME> 203,499 <INVESTMENT-GAINS> 6,797 <OTHER-INCOME> 133,560 <BENEFITS> 348,010 <UNDERWRITING-AMORTIZATION> 14,368 <UNDERWRITING-OTHER> (42,595) <INCOME-PRETAX> 151,228 <INCOME-TAX> 48,235 <INCOME-CONTINUING> 102,993 <DISCONTINUED> 18,541 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 121,534 <EPS-PRIMARY> 2.53 <EPS-DILUTED> 2.53 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0