<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <DEBT-HELD-FOR-SALE> 1,840,271 <DEBT-CARRYING-VALUE> 539,128 <DEBT-MARKET-VALUE> 566,013 <EQUITIES> 33,608 <MORTGAGE> 309,201 <REAL-ESTATE> 40,873 <TOTAL-INVEST> 2,977,198 <CASH> 6,882 <RECOVER-REINSURE> 7,044 <DEFERRED-ACQUISITION> 197,744 <TOTAL-ASSETS> 3,566,667 <POLICY-LOSSES> 2,291,261 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 35,818 <POLICY-HOLDER-FUNDS> 242,712 <NOTES-PAYABLE> 24,572 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,000 <COMMON> 48,066 <OTHER-SE> 532,387 <TOTAL-LIABILITY-AND-EQUITY> 3,566,667 <PREMIUMS> 110,163 <INVESTMENT-INCOME> 171,260 <INVESTMENT-GAINS> (2,382) <OTHER-INCOME> 15,366 <BENEFITS> 152,843 <UNDERWRITING-AMORTIZATION> 6,499 <UNDERWRITING-OTHER> 40,836 <INCOME-PRETAX> 62,388 <INCOME-TAX> 19,576 <INCOME-CONTINUING> 40,144 <DISCONTINUED> 466 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 40,610 <EPS-PRIMARY> 1.20 <EPS-DILUTED> 1.17 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0