<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-START> APR-01-1995 <PERIOD-END> JUN-30-1995 <DEBT-HELD-FOR-SALE> 63,346,520 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 67,080,120 <CASH> 125,775 <RECOVER-REINSURE> 155,624 <DEFERRED-ACQUISITION> 4,110,942 <TOTAL-ASSETS> 90,800,791 <POLICY-LOSSES> 34,274,697 <UNEARNED-PREMIUMS> 19,055,023 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,433,701 <NOTES-PAYABLE> 3,810,001 <COMMON> 2,834,801 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 24,948,123 <TOTAL-LIABILITY-AND-EQUITY> 90,800,791 <PREMIUMS> 7,512,351 <INVESTMENT-INCOME> 931,881 <INVESTMENT-GAINS> 0 <OTHER-INCOME> 1,725,360 <BENEFITS> 4,122,774 <UNDERWRITING-AMORTIZATION> 2,085,647 <UNDERWRITING-OTHER> 2,133,322 <INCOME-PRETAX> 1,827,849 <INCOME-TAX> 500,543 <INCOME-CONTINUING> 1,327,306 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,327,306 <EPS-PRIMARY> .22 <EPS-DILUTED> .22 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0