<ARTICLE> 7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> MAR-31-1998 <DEBT-HELD-FOR-SALE> 3,783,428 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 410,337 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 5,247,452 <CASH> 194,182 <RECOVER-REINSURE> 19,696 <DEFERRED-ACQUISITION> 32,410 <TOTAL-ASSETS> 6,993,404 <POLICY-LOSSES> 3,324,869 <UNEARNED-PREMIUMS> 461,469 <POLICY-OTHER> 61,567 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,776 <OTHER-SE> 2,774,140 <TOTAL-LIABILITY-AND-EQUITY> 6,993,404 <PREMIUMS> 352,567 <INVESTMENT-INCOME> 131,542 <INVESTMENT-GAINS> 173,108 <OTHER-INCOME> 0 <BENEFITS> 225,426 <UNDERWRITING-AMORTIZATION> 31,012 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 351,968 <INCOME-TAX> 2,947 <INCOME-CONTINUING> 349,021 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 349,021 <EPS-PRIMARY> 2.13 <EPS-DILUTED> 2.08 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0