<ARTICLE> 7
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<DEBT-HELD-FOR-SALE>                            10,537
<DEBT-CARRYING-VALUE>                            3,689
<DEBT-MARKET-VALUE>                              3,813
<EQUITIES>                                       1,037
<MORTGAGE>                                       1,798
<REAL-ESTATE>                                       80
<TOTAL-INVEST>                                  18,612
<CASH>                                              38
<RECOVER-REINSURE>                               1,409
<DEFERRED-ACQUISITION>                           1,393
<TOTAL-ASSETS>                                  23,834
<POLICY-LOSSES>                                 16,991
<UNEARNED-PREMIUMS>                                 48
<POLICY-OTHER>                                     181
<POLICY-HOLDER-FUNDS>                              207
<NOTES-PAYABLE>                                    978
<PREFERRED-MANDATORY>                              303
<PREFERRED>                                          0
<COMMON>                                           133
<OTHER-SE>                                       2,809
<TOTAL-LIABILITY-AND-EQUITY>                    23,834
<PREMIUMS>                                         555
<INVESTMENT-INCOME>                                602
<INVESTMENT-GAINS>                                  61
<OTHER-INCOME>                                     129
<BENEFITS>                                         686
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                                    337
<INCOME-TAX>                                       111
<INCOME-CONTINUING>                                226
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       213
<EPS-PRIMARY>                                     2.01
<EPS-DILUTED>                                     1.99
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0