<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CITIZENS
FINANCIAL CORPORATION AND SUBSIDIARIES FINANCIAL STATEMENTS FOR THE QUARTER
ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                            49,785
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       7,081
<MORTGAGE>                                         182
<REAL-ESTATE>                                    4,066
<TOTAL-INVEST>                                  65,137
<CASH>                                           6,546
<RECOVER-REINSURE>                                 112
<DEFERRED-ACQUISITION>                           3,553
<TOTAL-ASSETS>                                  85,639
<POLICY-LOSSES>                                 41,805
<UNEARNED-PREMIUMS>                                213
<POLICY-OTHER>                                     889
<POLICY-HOLDER-FUNDS>                           16,076
<NOTES-PAYABLE>                                  9,192
<PREFERRED-MANDATORY>                            4,044
<PREFERRED>                                          0
<COMMON>                                         1,276
<OTHER-SE>                                      10,017
<TOTAL-LIABILITY-AND-EQUITY>                    85,639
<PREMIUMS>                                       4,503
<INVESTMENT-INCOME>                              1,024
<INVESTMENT-GAINS>                                 591
<OTHER-INCOME>                                       4
<BENEFITS>                                       2,395
<UNDERWRITING-AMORTIZATION>                        387
<UNDERWRITING-OTHER>                             1,945
<INCOME-PRETAX>                                    695
<INCOME-TAX>                                       125
<INCOME-CONTINUING>                                570
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                         0
<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