<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED CONSOLIDATED BALANCE SHEET AND THE UNAUDITED STATEMENT OF CONSOLIDATED INCOME AND RETAINED EARNINGS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <DEBT-HELD-FOR-SALE> 10,640,454 <DEBT-CARRYING-VALUE> 2,146,699 <DEBT-MARKET-VALUE> 2,341,787 <EQUITIES> 1,015,390 <MORTGAGE> 425,009 <REAL-ESTATE> 507,082 <TOTAL-INVEST> 15,049,796 <CASH> 58,059 <RECOVER-REINSURE> 143,378 <DEFERRED-ACQUISITION> 349,953 <TOTAL-ASSETS> 17,548,122 <POLICY-LOSSES> 2,248,501 <UNEARNED-PREMIUMS> 901,222 <POLICY-OTHER> 157,286 <POLICY-HOLDER-FUNDS> 8,405,327 <NOTES-PAYABLE> 1,251,073 <COMMON> 215,394 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 3,247,334 <TOTAL-LIABILITY-AND-EQUITY> 17,548,122 <PREMIUMS> 1,195,782 <INVESTMENT-INCOME> 528,271 <INVESTMENT-GAINS> 20,726 <OTHER-INCOME> 78,538 <BENEFITS> 1,142,820 <UNDERWRITING-AMORTIZATION> 202,436 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 208,819 <INCOME-TAX> 40,910 <INCOME-CONTINUING> 167,909 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 167,909 <EPS-PRIMARY> 2.67 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0