<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <DEBT-HELD-FOR-SALE> 102,860,869 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 1,769,000 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 104,629,869 <CASH> 391,147 <RECOVER-REINSURE> 1,595,937 <DEFERRED-ACQUISITION> 4,864,173 <TOTAL-ASSETS> 120,471,433 <POLICY-LOSSES> 42,288,381 <UNEARNED-PREMIUMS> 19,242,772 <POLICY-OTHER> 2,274,788 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,886,952 <OTHER-SE> 49,533,149 <TOTAL-LIABILITY-AND-EQUITY> 120,471,433 <PREMIUMS> 26,710,628 <INVESTMENT-INCOME> 4,212,482 <INVESTMENT-GAINS> 141,169 <OTHER-INCOME> 5,028,859 <BENEFITS> 13,567,529 <UNDERWRITING-AMORTIZATION> 7,312,011 <UNDERWRITING-OTHER> 5,620,089 <INCOME-PRETAX> 9,593,509 <INCOME-TAX> 3,065,893 <INCOME-CONTINUING> 6,527,616 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,527,616 <EPS-PRIMARY> 1.06 <EPS-DILUTED> 1.02 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0