<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE CONSOLIDATED
BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<DEBT-HELD-FOR-SALE>                         1,206,123
<DEBT-CARRYING-VALUE>                        5,351,332
<DEBT-MARKET-VALUE>                          5,228,261
<EQUITIES>                                      23,664
<MORTGAGE>                                     691,080
<REAL-ESTATE>                                   15,160
<TOTAL-INVEST>                               7,490,755
<CASH>                                          11,434
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         631,678
<TOTAL-ASSETS>                               8,439,893
<POLICY-LOSSES>                              7,353,066
<UNEARNED-PREMIUMS>                             13,867
<POLICY-OTHER>                                   8,063
<POLICY-HOLDER-FUNDS>                           26,097
<NOTES-PAYABLE>                                172,200
<COMMON>                                        31,632
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     601,868
<TOTAL-LIABILITY-AND-EQUITY>                 8,439,893
<PREMIUMS>                                      11,295
<INVESTMENT-INCOME>                            148,246
<INVESTMENT-GAINS>                                 113
<OTHER-INCOME>                                  19,044
<BENEFITS>                                     119,199
<UNDERWRITING-AMORTIZATION>                     14,471
<UNDERWRITING-OTHER>                             4,214
<INCOME-PRETAX>                                 36,674
<INCOME-TAX>                                    12,875
<INCOME-CONTINUING>                             23,794
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    23,794
<EPS-PRIMARY>                                     0.75
<EPS-DILUTED>                                     0.74   
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0