<ARTICLE> 7
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<DEBT-HELD-FOR-SALE>                         3,671,600
<DEBT-CARRYING-VALUE>                        2,389,300
<DEBT-MARKET-VALUE>                          2,409,900
<EQUITIES>                                      66,500
<MORTGAGE>                                      65,900
<REAL-ESTATE>                                   39,000
<TOTAL-INVEST>                               6,529,500
<CASH>                                          39,600
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         211,900
<TOTAL-ASSETS>                               7,304,500
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                 589,500
<POLICY-HOLDER-FUNDS>                        5,469,500
<NOTES-PAYABLE>                                 70,000
<PREFERRED-MANDATORY>                          225,000<F1>
<PREFERRED>                                          0
<COMMON>                                        43,200
<OTHER-SE>                                     441,600
<TOTAL-LIABILITY-AND-EQUITY>                 7,304,500
<PREMIUMS>                                      52,700
<INVESTMENT-INCOME>                            242,700
<INVESTMENT-GAINS>                                 200
<OTHER-INCOME>                                   5,300
<BENEFITS>                                     189,400
<UNDERWRITING-AMORTIZATION>                     16,200
<UNDERWRITING-OTHER>                            35,500
<INCOME-PRETAX>                                 52,100
<INCOME-TAX>                                    16,400
<INCOME-CONTINUING>                             35,700
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    35,700
<EPS-PRIMARY>                                     0.80
<EPS-DILUTED>                                     0.80
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1>Mandatorily Redeemable Preferred Securities of subsidiary trusts
</FN>