<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the 6/30/99 balance sheet and income statement and is qualified in its entirety by reference. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <DEBT-HELD-FOR-SALE> 203,229,637 <DEBT-CARRYING-VALUE> 161,912,897 <DEBT-MARKET-VALUE> 165,025,794 <EQUITIES> 33,698,958 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 435,527,624 <CASH> 1,350,987 <RECOVER-REINSURE> 17,615,141 <DEFERRED-ACQUISITION> 13,101,875 <TOTAL-ASSETS> 498,689,075 <POLICY-LOSSES> 251,929,004 <UNEARNED-PREMIUMS> 64,229,823 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 1,719,162 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,254,768 <OTHER-SE> 141,525,759 <TOTAL-LIABILITY-AND-EQUITY> 498,689,075 <PREMIUMS> 100,699,553 <INVESTMENT-INCOME> 12,361,436 <INVESTMENT-GAINS> 246,167 <OTHER-INCOME> 1,276,508 <BENEFITS> 82,763,272 <UNDERWRITING-AMORTIZATION> 23,115,277 <UNDERWRITING-OTHER> 8,845,202 <INCOME-PRETAX> (2,065,651) <INCOME-TAX> (2,115,227) <INCOME-CONTINUING> 49,576 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 49,576 <EPS-BASIC> .00 <EPS-DILUTED> .00 <RESERVE-OPEN> 245,610,323 <PROVISION-CURRENT> 86,899,780 <PROVISION-PRIOR> (4,136,508) <PAYMENTS-CURRENT> 24,565,793 <PAYMENTS-PRIOR> 49,995,242 <RESERVE-CLOSE> 251,929,004 <CUMULATIVE-DEFICIENCY> (4,136,508)