<ARTICLE> 7
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<DEBT-HELD-FOR-SALE>                        11,472,187
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                      67,690
<MORTGAGE>                                      57,723
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              12,754,657
<CASH>                                       1,230,617
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         264,021
<TOTAL-ASSETS>                              16,134,941
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                              12,491,397
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         3,015
<OTHER-SE>                                   1,152,736
<TOTAL-LIABILITY-AND-EQUITY>                16,134,941
<PREMIUMS>                                           0
<INVESTMENT-INCOME>                            407,030
<INVESTMENT-GAINS>                             (1,665)
<OTHER-INCOME>                                  22,277
<BENEFITS>                                       1,020
<UNDERWRITING-AMORTIZATION>                     37,321
<UNDERWRITING-OTHER>                            29,150
<INCOME-PRETAX>                                 74,497
<INCOME-TAX>                                    24,356
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    50,141
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0