WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 7
<LEGEND>
* Not disclosed on a quarterly basis.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                        11,122,024
<DEBT-CARRYING-VALUE>                        4,773,802
<DEBT-MARKET-VALUE>                                  0*
<EQUITIES>                                   3,923,286
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              19,943,423
<CASH>                                       3,111,968
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                               0
<TOTAL-ASSETS>                              29,028,800
<POLICY-LOSSES>                              4,186,065
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                  30,682
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       910,970
<OTHER-SE>                                  21,882,473
<TOTAL-LIABILITY-AND-EQUITY>                29,028,800
<PREMIUMS>                                   4,434,799
<INVESTMENT-INCOME>                            294,791
<INVESTMENT-GAINS>                            (40,052)
<OTHER-INCOME>                                  69,710
<BENEFITS>                                     681,333
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                         3,031,212
<INCOME-PRETAX>                              1,046,703
<INCOME-TAX>                                   298,984
<INCOME-CONTINUING>                            747,719
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   747,719
<EPS-PRIMARY>                                      .27
<EPS-DILUTED>                                      .27
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0