<ARTICLE> 7
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<DEBT-HELD-FOR-SALE>                         6,092,100
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                      82,000
<MORTGAGE>                                      21,300
<REAL-ESTATE>                                   59,000
<TOTAL-INVEST>                               6,578,000
<CASH>                                          24,700
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                         271,200
<TOTAL-ASSETS>                               7,286,000
<POLICY-LOSSES>                                      0
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                 350,800
<POLICY-HOLDER-FUNDS>                        5,482,300
<NOTES-PAYABLE>                                149,900
<PREFERRED-MANDATORY>                          219,600<F1>
<PREFERRED>                                          0
<COMMON>                                        42,400
<OTHER-SE>                                     614,300
<TOTAL-LIABILITY-AND-EQUITY>                 7,286,000
<PREMIUMS>                                      25,600
<INVESTMENT-INCOME>                            119,900
<INVESTMENT-GAINS>                               4,000
<OTHER-INCOME>                                   3,700
<BENEFITS>                                      83,800
<UNDERWRITING-AMORTIZATION>                      8,200
<UNDERWRITING-OTHER>                            23,400
<INCOME-PRETAX>                                 32,500
<INCOME-TAX>                                    10,100
<INCOME-CONTINUING>                             22,400
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                      (4,700)
<NET-INCOME>                                    17,700
<EPS-PRIMARY>                                     0.42
<EPS-DILUTED>                                     0.41
<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>