<ARTICLE> 7 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1994 <PERIOD-START> APR-01-1995 JAN-01-1995 <PERIOD-END> JUN-30-1995 JUN-30-1995 <DEBT-HELD-FOR-SALE> 0 130,551,000 <DEBT-CARRYING-VALUE> 0 0 <DEBT-MARKET-VALUE> 0 0 <EQUITIES> 0 18,214,000 <MORTGAGE> 0 0 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 0 194,316,000 <CASH> 115,921,000 0 <RECOVER-REINSURE> 0 0 <DEFERRED-ACQUISITION> 25,468,000 0 <TOTAL-ASSETS> 822,510,000 0 <POLICY-LOSSES> 218,925,000 0 <UNEARNED-PREMIUMS> 0 0 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 0 0 <NOTES-PAYABLE> 87,381,000 0 <COMMON> 11,403,000 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 271,789,000 0 <TOTAL-LIABILITY-AND-EQUITY> 822,510,000 0 <PREMIUMS> 286,748,000 543,036,000 <INVESTMENT-INCOME> 6,492,000 11,358,000 <INVESTMENT-GAINS> 0 0 <OTHER-INCOME> 0 0 <BENEFITS> 22,419,000 43,725,000 <UNDERWRITING-AMORTIZATION> 1,215,000 2,439,000 <UNDERWRITING-OTHER> 0 0 <INCOME-PRETAX> 1,837,000 (19,672,000) <INCOME-TAX> 700,000 (8,100,000) <INCOME-CONTINUING> 1,137,000 (11,572,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 1,137,000 (11,572,000) <EPS-PRIMARY> .10 (1.01) <EPS-DILUTED> 0 0 <RESERVE-OPEN> 0 0 <PROVISION-CURRENT> 0 0 <PROVISION-PRIOR> 0 0 <PAYMENTS-CURRENT> 0 0 <PAYMENTS-PRIOR> 0 0 <RESERVE-CLOSE> 0 0 <CUMULATIVE-DEFICIENCY> 0 0