<ARTICLE> 7
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<DEBT-HELD-FOR-SALE>                           511,087
<DEBT-CARRYING-VALUE>                        1,769,759
<DEBT-MARKET-VALUE>                          1,759,030
<EQUITIES>                                      23,311
<MORTGAGE>                                     200,641
<REAL-ESTATE>                                   15,972
<TOTAL-INVEST>                               2,685,663
<CASH>                                           7,500
<RECOVER-REINSURE>                               2,378
<DEFERRED-ACQUISITION>                         291,742
<TOTAL-ASSETS>                               3,042,131
<POLICY-LOSSES>                              2,641,292
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                  24,755
<POLICY-HOLDER-FUNDS>                            9,874
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         3,491
<OTHER-SE>                                     320,323
<TOTAL-LIABILITY-AND-EQUITY>                 3,042,131
<PREMIUMS>                                      47,436<F1>
<INVESTMENT-INCOME>                            104,683
<INVESTMENT-GAINS>                               1,721
<OTHER-INCOME>                                   1,139
<BENEFITS>                                      94,530<F2>
<UNDERWRITING-AMORTIZATION>                     15,788
<UNDERWRITING-OTHER>                            12,992
<INCOME-PRETAX>                                 31,669
<INCOME-TAX>                                    11,085
<INCOME-CONTINUING>                             20,584
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    20,584
<EPS-PRIMARY>                                     5.90
<EPS-DILUTED>                                     5.90
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1>Consists of $8,593 revenues from traditional contracts subject to FAS 60
accounting treatment and $38,843 revenues from universal life and
investment annuity contracts subject to FAS 97 accounting treatment.
<F2>Consists of $17,491 benefits paid to policyholders, $(915) decrease in
reserves on traditional contracts and $77,954 interest on universal life
and investment annuity contracts.
</FN>