<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1997 <DEBT-HELD-FOR-SALE> 33,780 <DEBT-CARRYING-VALUE> 19,500 <DEBT-MARKET-VALUE> 19,521 <EQUITIES> 9,283 <MORTGAGE> 105 <REAL-ESTATE> 0 <TOTAL-INVEST> 73,597 <CASH> 232 <RECOVER-REINSURE> 2,628 <DEFERRED-ACQUISITION> 5,449 <TOTAL-ASSETS> 134,475 <POLICY-LOSSES> 40,250 <UNEARNED-PREMIUMS> 33,193 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,273 <NOTES-PAYABLE> 9,084 <COMMON> 47 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <OTHER-SE> 46,599 <TOTAL-LIABILITY-AND-EQUITY> 134,475 <PREMIUMS> 12,147 <INVESTMENT-INCOME> 982 <INVESTMENT-GAINS> 636 <OTHER-INCOME> 163 <BENEFITS> 9,093 <UNDERWRITING-AMORTIZATION> 1,600 <UNDERWRITING-OTHER> 2,236 <INCOME-PRETAX> 809 <INCOME-TAX> 142 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 667 <EPS-PRIMARY> .12 <EPS-DILUTED> .12 <RESERVE-OPEN> 22,342 <PROVISION-CURRENT> 8,612 <PROVISION-PRIOR> 318 <PAYMENTS-CURRENT> 2,311 <PAYMENTS-PRIOR> 4,770 <RESERVE-CLOSE> 40,250 <CUMULATIVE-DEFICIENCY> 0