<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the unaudited financial statements contained in the Company's quarterly report on Form 10-Q for the quarter ended June 30, 1996 and is qualified in its entirety by references to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <DEBT-HELD-FOR-SALE> 58,271,378 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 58,271,378 <CASH> 11,185,096 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 20,471,787 <TOTAL-ASSETS> 95,113,331 <POLICY-LOSSES> 3,826,410 <UNEARNED-PREMIUMS> 78,767,072 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 200,000 <OTHER-SE> 12,156,405 <TOTAL-LIABILITY-AND-EQUITY> 95,113,331 <PREMIUMS> 17,009,713 <INVESTMENT-INCOME> 2,359,328 <INVESTMENT-GAINS> 31,102 <OTHER-INCOME> 0 <BENEFITS> 11,335,848 <UNDERWRITING-AMORTIZATION> 4,421,789 <UNDERWRITING-OTHER> 341,335 <INCOME-PRETAX> 3,301,171 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,301,171 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,301,171 <EPS-PRIMARY> 0<F1> <EPS-DILUTED> 0<F1> <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>Information as to earnings per share is not provided inasmuch as the results for each series of stock will vary with the underwriting experience attributable to each Subsidiary Capital Account established with respect to that series. </FN>