<ARTICLE> 7 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <DEBT-HELD-FOR-SALE> 930,502,000 <DEBT-CARRYING-VALUE> 410,989,000 <DEBT-MARKET-VALUE> 400,964,000 <EQUITIES> 46,014,000 <MORTGAGE> 3,503,000 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,462,989,000 <CASH> 7,114,000 <RECOVER-REINSURE> 58,873,000 <DEFERRED-ACQUISITION> 109,059,000 <TOTAL-ASSETS> 1,840,758,000 <POLICY-LOSSES> 504,379,000 <UNEARNED-PREMIUMS> 121,867,000 <POLICY-OTHER> 735,380,000 <POLICY-HOLDER-FUNDS> 15,999,000 <NOTES-PAYABLE> 76,582,000 <COMMON> 24,034,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 285,826,000 <TOTAL-LIABILITY-AND-EQUITY> 1,840,758,000 <PREMIUMS> 463,195,000 <INVESTMENT-INCOME> 98,042,000 <INVESTMENT-GAINS> 2,446,000 <OTHER-INCOME> 31,430,000 <BENEFITS> 343,561,000 <UNDERWRITING-AMORTIZATION> 83,653,000 <UNDERWRITING-OTHER> 57,548,000 <INCOME-PRETAX> 57,571,000 <INCOME-TAX> 19,671,000 <INCOME-CONTINUING> 37,900,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 37,900,000 <EPS-PRIMARY> 1.99 <EPS-DILUTED> 0 <RESERVE-OPEN> 468,718,000 <PROVISION-CURRENT> 273,177,000 <PROVISION-PRIOR> (9,720,000) <PAYMENTS-CURRENT> 107,211,000 <PAYMENTS-PRIOR> 167,918,000 <RESERVE-CLOSE> 457,046,000 <CUMULATIVE-DEFICIENCY> (9,720,000)