<ARTICLE> 7
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<DEBT-HELD-FOR-SALE>                         1,252,900
<DEBT-CARRYING-VALUE>                        3,210,200
<DEBT-MARKET-VALUE>                          3,061,700
<EQUITIES>                                      23,000
<MORTGAGE>                                      45,000
<REAL-ESTATE>                                   27,900
<TOTAL-INVEST>                               4,786,900
<CASH>                                          18,100
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                          56,700
<TOTAL-ASSETS>                               4,980,600
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        4,487,100
<NOTES-PAYABLE>                                182,400
<COMMON>                                        39,100
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     173,000
<TOTAL-LIABILITY-AND-EQUITY>                 4,980,600
<PREMIUMS>                                           0
<INVESTMENT-INCOME>                            277,400
<INVESTMENT-GAINS>                                 700
<OTHER-INCOME>                                   1,500
<BENEFITS>                                     180,700
<UNDERWRITING-AMORTIZATION>                      4,700
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                                 48,300
<INCOME-TAX>                                    17,000
<INCOME-CONTINUING>                             31,300
<DISCONTINUED>                                 (2,600)
<EXTRAORDINARY>                                (1,800)
<CHANGES>                                        (500)
<NET-INCOME>                                    26,400
<EPS-PRIMARY>                                     0.67
<EPS-DILUTED>                                     0.67
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0