WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 6/30/95 BALANCE SHEET AND INCOME STATEMENT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> QTR-2 <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <DEBT-HELD-FOR-SALE> 60,950,613 <DEBT-CARRYING-VALUE> 255,360,210 <DEBT-MARKET-VALUE> 265,922,353 <EQUITIES> 14,326,594 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 345,195,750 <CASH> 1,304,192 <RECOVER-REINSURE> 14,017,311 <DEFERRED-ACQUISITION> 8,971,164 <TOTAL-ASSETS> 397,382,494 <POLICY-LOSSES> 204,138,482 <UNEARNED-PREMIUMS> 48,533,376 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 3,817,420 <NOTES-PAYABLE> 0 <COMMON> 10,755,540 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 116,125,359 <TOTAL-LIABILITY-AND-EQUITY> 397,382,494 <PREMIUMS> 77,839,816 <INVESTMENT-INCOME> 11,464,079 <INVESTMENT-GAINS> 5,473 <OTHER-INCOME> 181,699 <BENEFITS> 50,640,559 <UNDERWRITING-AMORTIZATION> 15,262,592 <UNDERWRITING-OTHER> 8,491,355 <INCOME-PRETAX> 12,921,469 <INCOME-TAX> 3,801,589 <INCOME-CONTINUING> 9,119,880 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 9,119,880 <EPS-PRIMARY> .86 <EPS-DILUTED> .86 <RESERVE-OPEN> 203,181,615 <PROVISION-CURRENT> 54,906,009 <PROVISION-PRIOR> (4,265,450) <PAYMENTS-CURRENT> 13,837,422 <PAYMENTS-PRIOR> 34,965,291 <RESERVE-CLOSE> 204,138,482 <CUMULATIVE-DEFICIENCY> (4,265,450)