<ARTICLE> 7 <MULTIPLIER> 1 <PERIOD-TYPE> Year <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-START> Jan-01-1998 <PERIOD-END> Dec-31-1998 <DEBT-HELD-FOR-SALE> 106,046,582 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 481,500 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 106,528,082 <CASH> 277,544 <RECOVER-REINSURE> 1,285,918 <DEFERRED-ACQUISITION> 4,665,772 <TOTAL-ASSETS> 121,717,643 <POLICY-LOSSES> 41,513,945 <UNEARNED-PREMIUMS> 18,136,895 <POLICY-OTHER> 2,329,356 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,895,702 <OTHER-SE> 51,272,380 <TOTAL-LIABILITY-AND-EQUITY> 121,717,643 <PREMIUMS> 34,915,195 <INVESTMENT-INCOME> 5,731,903 <INVESTMENT-GAINS> 247,931 <OTHER-INCOME> 6,649,241 <BENEFITS> 17,593,582 <UNDERWRITING-AMORTIZATION> 9,497,857 <UNDERWRITING-OTHER> 7,697,933 <INCOME-PRETAX> 12,754,898 <INCOME-TAX> 4,046,229 <INCOME-CONTINUING> 8,708,669 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,708,669 <EPS-PRIMARY> 1.41 <EPS-DILUTED> 1.36 <RESERVE-OPEN> 40,591,248 <PROVISION-CURRENT> 22,454,229 <PROVISION-PRIOR> (4,860,647) <PAYMENTS-CURRENT> 5,132,952 <PAYMENTS-PRIOR> 12,677,646 <RESERVE-CLOSE> 40,374,232 <CUMULATIVE-DEFICIENCY> 4,860,645