<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from the
9/30/97 balance sheet and income statement and is qualified in its
entirety by reference.
</LEGEND>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<DEBT-HELD-FOR-SALE>                       168,716,018
<DEBT-CARRYING-VALUE>                      180,799,151
<DEBT-MARKET-VALUE>                        187,681,892
<EQUITIES>                                  31,055,735
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             402,158,538
<CASH>                                       1,231,011
<RECOVER-REINSURE>                          14,806,402
<DEFERRED-ACQUISITION>                      11,094,655
<TOTAL-ASSETS>                             453,459,399
<POLICY-LOSSES>                            218,903,636
<UNEARNED-PREMIUMS>                         58,801,610
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        2,425,150
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    11,276,877
<OTHER-SE>                                 145,116,244
<TOTAL-LIABILITY-AND-EQUITY>               453,459,399
<PREMIUMS>                                 131,050,041
<INVESTMENT-INCOME>                         17,489,406
<INVESTMENT-GAINS>                           2,023,782
<OTHER-INCOME>                                 778,111
<BENEFITS>                                 100,223,676
<UNDERWRITING-AMORTIZATION>                 25,847,696
<UNDERWRITING-OTHER>                        15,987,027
<INCOME-PRETAX>                              7,057,898
<INCOME-TAX>                                   953,744
<INCOME-CONTINUING>                          6,104,154
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 6,104,154
<EPS-PRIMARY>                                      .55
<EPS-DILUTED>                                      .55
<RESERVE-OPEN>                             202,502,986
<PROVISION-CURRENT>                        101,757,466
<PROVISION-PRIOR>                          (1,533,790)
<PAYMENTS-CURRENT>                          37,500,675
<PAYMENTS-PRIOR>                            45,968,712
<RESERVE-CLOSE>                            218,903,620
<CUMULATIVE-DEFICIENCY>                    (1,533,790)