<ARTICLE> 7 <MULTIPLIER> 1 <PERIOD-TYPE> Other <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-START> Apr-01-1996 <PERIOD-END> Dec-31-1996 <DEBT-HELD-FOR-SALE> 81,970,959 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 81,970,959 <CASH> 82,637 <RECOVER-REINSURE> 452,943 <DEFERRED-ACQUISITION> 4,953,085 <TOTAL-ASSETS> 104,451,322 <POLICY-LOSSES> 39,740,865 <UNEARNED-PREMIUMS> 22,120,241 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,089,097 <NOTES-PAYABLE> 750,001 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,836,422 <OTHER-SE> 34,518,997 <TOTAL-LIABILITY-AND-EQUITY> 104,451,322 <PREMIUMS> 26,066,289 <INVESTMENT-INCOME> 3,232,884 <INVESTMENT-GAINS> 190,491 <OTHER-INCOME> 5,394,993 <BENEFITS> 14,801,734 <UNDERWRITING-AMORTIZATION> 6,887,173 <UNDERWRITING-OTHER> 5,816,763 <INCOME-PRETAX> 7,378,987 <INCOME-TAX> 2,204,477 <INCOME-CONTINUING> 5,174,510 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,174,510 <EPS-PRIMARY> .83 <EPS-DILUTED> .83 <RESERVE-OPEN> 32,682,153 <PROVISION-CURRENT> 16,251,499 <PROVISION-PRIOR> (1,499,765) <PAYMENTS-CURRENT> 3,352,866 <PAYMENTS-PRIOR> 7,019,175 <RESERVE-CLOSE> 37,111,846 <CUMULATIVE-DEFICIENCY> 1,449,765