WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 3/31/95
BALANCE SHEET AND INCOME STATEMENT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   QTR-1
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<DEBT-HELD-FOR-SALE>                        64,886,646
<DEBT-CARRYING-VALUE>                      260,701,422
<DEBT-MARKET-VALUE>                        263,441,262
<EQUITIES>                                   3,523,247
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             341,977,129
<CASH>                                       1,000,600
<RECOVER-REINSURE>                          14,367,100
<DEFERRED-ACQUISITION>                       8,475,536
<TOTAL-ASSETS>                             393,263,896
<POLICY-LOSSES>                            206,136,942
<UNEARNED-PREMIUMS>                         47,061,603
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        3,165,633
<NOTES-PAYABLE>                                      0
<COMMON>                                    10,660,914
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                 110,917,410
<TOTAL-LIABILITY-AND-EQUITY>               393,263,896
<PREMIUMS>                                  40,000,170
<INVESTMENT-INCOME>                          5,847,141
<INVESTMENT-GAINS>                                 698
<OTHER-INCOME>                                  93,685
<BENEFITS>                                  27,736,609
<UNDERWRITING-AMORTIZATION>                  7,696,906
<UNDERWRITING-OTHER>                         4,273,453
<INCOME-PRETAX>                              5,528,309
<INCOME-TAX>                                 1,528,206
<INCOME-CONTINUING>                          4,000,103
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,000,103
<EPS-PRIMARY>                                      .38
<EPS-DILUTED>                                      .38
<RESERVE-OPEN>                             203,181,615
<PROVISION-CURRENT>                         24,878,523
<PROVISION-PRIOR>                            2,858,086
<PAYMENTS-CURRENT>                           3,919,152
<PAYMENTS-PRIOR>                            20,488,756
<RESERVE-CLOSE>                            206,136,942
<CUMULATIVE-DEFICIENCY>                      2,858,086