<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from the
12/31/96 balance sheet and income statement and is qualified in its
entirety by reference.
</LEGEND>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<DEBT-HELD-FOR-SALE>                       150,038,644
<DEBT-CARRYING-VALUE>                      188,385,721
<DEBT-MARKET-VALUE>                        194,655,256
<EQUITIES>                                  24,040,381
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             380,018,352
<CASH>                                       3,500,629
<RECOVER-REINSURE>                          14,735,786
<DEFERRED-ACQUISITION>                       9,021,863
<TOTAL-ASSETS>                             430,327,573
<POLICY-LOSSES>                            202,502,986
<UNEARNED-PREMIUMS>                         47,908,954
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        3,467,449
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    11,084,461
<OTHER-SE>                                 137,644,567
<TOTAL-LIABILITY-AND-EQUITY>               430,327,573
<PREMIUMS>                                 165,190,666
<INVESTMENT-INCOME>                         24,006,977
<INVESTMENT-GAINS>                           1,890,923
<OTHER-INCOME>                                 904,985
<BENEFITS>                                 115,367,215
<UNDERWRITING-AMORTIZATION>                 32,554,733
<UNDERWRITING-OTHER>                        19,279,417
<INCOME-PRETAX>                             20,669,353
<INCOME-TAX>                                 5,635,189
<INCOME-CONTINUING>                         15,034,164
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                15,034,164
<EPS-PRIMARY>                                     1.37
<EPS-DILUTED>                                     1.37
<RESERVE-OPEN>                             205,422,109
<PROVISION-CURRENT>                        131,375,234
<PROVISION-PRIOR>                         (16,008,019)
<PAYMENTS-CURRENT>                          59,948,110
<PAYMENTS-PRIOR>                            59,908,317
<RESERVE-CLOSE>                            202,502,986
<CUMULATIVE-DEFICIENCY>                   (16,008,019)