<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <DEBT-HELD-FOR-SALE> 106,598,864 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 623,894 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 107,227,758 <CASH> 346,010 <RECOVER-REINSURE> 2,518,271 <DEFERRED-ACQUISITION> 4,603,662 <TOTAL-ASSETS> 123,769,274 <POLICY-LOSSES> 41,455,649 <UNEARNED-PREMIUMS> 17,954,466 <POLICY-OTHER> 2,484,460 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,895,726 <OTHER-SE> 50,842,690 <TOTAL-LIABILITY-AND-EQUITY> 123,769,274 <PREMIUMS> 7,491,528 <INVESTMENT-INCOME> 1,481,259 <INVESTMENT-GAINS> (625) <OTHER-INCOME> 1,628,435 <BENEFITS> 3,379,802 <UNDERWRITING-AMORTIZATION> 2,217,491 <UNDERWRITING-OTHER> 2,093,675 <INCOME-PRETAX> 2,909,628 <INCOME-TAX> 877,866 <INCOME-CONTINUING> 2,031,762 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,031,762 <EPS-PRIMARY> 0.33 <EPS-DILUTED> 0.32 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0