<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from the
9/30/98 balance sheet and income statement and is qualified in its entirety
by reference.
</LEGEND>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<DEBT-HELD-FOR-SALE>                       192,726,790
<DEBT-CARRYING-VALUE>                      169,341,686
<DEBT-MARKET-VALUE>                        181,568,250
<EQUITIES>                                  28,339,974
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             428,186,796
<CASH>                                       1,560,690
<RECOVER-REINSURE>                          15,913,005
<DEFERRED-ACQUISITION>                      13,309,704
<TOTAL-ASSETS>                             487,916,468
<POLICY-LOSSES>                            240,385,437
<UNEARNED-PREMIUMS>                         65,885,957
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        2,101,758
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    11,490,017
<OTHER-SE>                                 149,503,864
<TOTAL-LIABILITY-AND-EQUITY>               487,916,468
<PREMIUMS>                                 141,079,398
<INVESTMENT-INCOME>                         18,872,115
<INVESTMENT-GAINS>                           7,324,406
<OTHER-INCOME>                               1,166,657
<BENEFITS>                                 117,100,206
<UNDERWRITING-AMORTIZATION>                 30,794,401
<UNDERWRITING-OTHER>                        13,838,674
<INCOME-PRETAX>                              4,555,647
<INCOME-TAX>                                    54,675
<INCOME-CONTINUING>                          4,500,972
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,500,972
<EPS-PRIMARY>                                      .39
<EPS-DILUTED>                                      .39
<RESERVE-OPEN>                             217,777,942
<PROVISION-CURRENT>                        126,556,133
<PROVISION-PRIOR>                          (9,455,927)
<PAYMENTS-CURRENT>                          47,980,569
<PAYMENTS-PRIOR>                            48,881,189
<RESERVE-CLOSE>                            239,640,895
<CUMULATIVE-DEFICIENCY>                    (9,455,927)