<ARTICLE> 7 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <DEBT-HELD-FOR-SALE> 83,600,807 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 856,200 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 84,457,007 <CASH> 506,434 <RECOVER-REINSURE> 919,350 <DEFERRED-ACQUISITION> 5,093,193 <TOTAL-ASSETS> 105,646,683 <POLICY-LOSSES> 39,830,411 <UNEARNED-PREMIUMS> 21,705,006 <POLICY-OTHER> 2,152,994 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 500,001 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,836,772 <OTHER-SE> 34,970,686 <TOTAL-LIABILITY-AND-EQUITY> 105,646,683 <PREMIUMS> 9,141,540 <INVESTMENT-INCOME> 1,189,470 <INVESTMENT-GAINS> 919 <OTHER-INCOME> 1,711,720 <BENEFITS> 4,974,473 <UNDERWRITING-AMORTIZATION> 2,639,930 <UNDERWRITING-OTHER> 1,933,016 <INCOME-PRETAX> 2,496,230 <INCOME-TAX> 731,076 <INCOME-CONTINUING> 1,765,154 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,765,154 <EPS-PRIMARY> .28 <EPS-DILUTED> .28 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0