<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENTS OF INCOME AND CONSOLIDATED BALANCE SHEETS (UNAUDITED)
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<EXCHANGE-RATE>                                      1
<DEBT-HELD-FOR-SALE>                         1,713,891
<DEBT-CARRYING-VALUE>                        5,280,715
<DEBT-MARKET-VALUE>                          5,462,094
<EQUITIES>                                      25,666
<MORTGAGE>                                   1,040,445
<REAL-ESTATE>                                   14,125
<TOTAL-INVEST>                               8,274,166
<CASH>                                           8,871
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         664,635
<TOTAL-ASSETS>                               9,314,272
<POLICY-LOSSES>                              7,972,751
<UNEARNED-PREMIUMS>                             14,103
<POLICY-OTHER>                                   8,241
<POLICY-HOLDER-FUNDS>                           25,488
<NOTES-PAYABLE>                                281,000
<COMMON>                                        31,756
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     680,769
<TOTAL-LIABILITY-AND-EQUITY>                 9,314,272
<PREMIUMS>                                      32,815
<INVESTMENT-INCOME>                            469,633
<INVESTMENT-GAINS>                               3,017
<OTHER-INCOME>                                  52,665
<BENEFITS>                                     362,605
<UNDERWRITING-AMORTIZATION>                     49,040
<UNDERWRITING-OTHER>                            13,202
<INCOME-PRETAX>                                117,357
<INCOME-TAX>                                    40,145
<INCOME-CONTINUING>                             77,254
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    77,254
<EPS-PRIMARY>                                     2.44
<EPS-DILUTED>                                     2.41
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0