<ARTICLE> 7
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<DEBT-HELD-FOR-SALE>                         4,035,100
<DEBT-CARRYING-VALUE>                        1,942,900
<DEBT-MARKET-VALUE>                          2,047,600
<EQUITIES>                                      81,200
<MORTGAGE>                                      41,400
<REAL-ESTATE>                                   49,900
<TOTAL-INVEST>                               6,446,800
<CASH>                                         139,100
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         236,100
<TOTAL-ASSETS>                               7,157,200
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                 339,600
<POLICY-HOLDER-FUNDS>                        5,424,700
<NOTES-PAYABLE>                                161,200
<PREFERRED-MANDATORY>                          225,000<F1>
<PREFERRED>                                          0
<COMMON>                                        42,800
<OTHER-SE>                                     640,200
<TOTAL-LIABILITY-AND-EQUITY>                 7,157,200
<PREMIUMS>                                     145,700
<INVESTMENT-INCOME>                            387,700
<INVESTMENT-GAINS>                              37,300
<OTHER-INCOME>                                  11,400
<BENEFITS>                                     319,900
<UNDERWRITING-AMORTIZATION>                     49,400
<UNDERWRITING-OTHER>                            69,100
<INCOME-PRETAX>                                125,400
<INCOME-TAX>                                    40,700
<INCOME-CONTINUING>                             84,700
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  (800)
<CHANGES>                                            0
<NET-INCOME>                                    83,900
<EPS-PRIMARY>                                     1.95
<EPS-DILUTED>                                     1.91
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1>(A) Mandatorily Redeemable Preferred Securities of subsidiary trusts
</FN>