<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <DEBT-HELD-FOR-SALE> 283,718 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 72,768 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 356,486 <CASH> 31,573 <RECOVER-REINSURE> 999 <DEFERRED-ACQUISITION> 16,853 <TOTAL-ASSETS> 469,198 <POLICY-LOSSES> 151,150 <UNEARNED-PREMIUMS> 64,787 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 44,796 <OTHER-SE> 92,687 <TOTAL-LIABILITY-AND-EQUITY> 469,198 <PREMIUMS> 122,687 <INVESTMENT-INCOME> 15,448 <INVESTMENT-GAINS> 474 <OTHER-INCOME> 219 <BENEFITS> 66,374 <UNDERWRITING-AMORTIZATION> 38,422 <UNDERWRITING-OTHER> 2,212 <INCOME-PRETAX> 27,050 <INCOME-TAX> 7,022 <INCOME-CONTINUING> 20,028 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 20,028 <EPS-PRIMARY> 1.63 <EPS-DILUTED> 1.34 <RESERVE-OPEN> 108,928<F1> <PROVISION-CURRENT> 69,544 <PROVISION-PRIOR> (3,170) <PAYMENTS-CURRENT> 13,402 <PAYMENTS-PRIOR> 26,870 <RESERVE-CLOSE> 135,030<F1> <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>UNPAID LOSS AND LOSS ADJUSTMENT EXPENSES DIFFER FROM THE AMOUNTS REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS BECAUSE OF THE INCLUSION HEREIN OF REINSURANCE RECEIVABLES OF $16,120 AND $13,502 AT DECEMBER 31, 1998 AND 1997, RESPECTIVELY </FN>