<ARTICLE> 7
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<DEBT-HELD-FOR-SALE>                       140,518,000
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                  22,913,000
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             207,663,000
<CASH>                                     102,948,000
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                      25,653,000
<TOTAL-ASSETS>                             817,011,000
<POLICY-LOSSES>                            212,757,000
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                             91,080,000
<COMMON>                                    11,435,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                 270,122,000
<TOTAL-LIABILITY-AND-EQUITY>               817,011,000
<PREMIUMS>                                 256,288,000
<INVESTMENT-INCOME>                          4,866,000
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                       0
<BENEFITS>                                  21,306,000
<UNDERWRITING-AMORTIZATION>                  1,224,000
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                            (21,509,000)
<INCOME-TAX>                                (8,800,000)
<INCOME-CONTINUING>                        (12,709,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (12,709,000)
<EPS-PRIMARY>                                    (1.11)
<EPS-DILUTED>                                        0
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0