<ARTICLE> 7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-START> APR-01-1995 <PERIOD-END> SEP-30-1995 <DEBT-HELD-FOR-SALE> 65,069,547 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 322,100 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 68,609,334 <CASH> 152,914 <RECOVER-REINSURE> 227,991 <DEFERRED-ACQUISITION> 4,126,050 <TOTAL-ASSETS> 92,142,841 <POLICY-LOSSES> 35,240,980 <UNEARNED-PREMIUMS> 18,993,452 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,431,807 <NOTES-PAYABLE> 3,670,001 <COMMON> 2,834,801 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 26,438,703 <TOTAL-LIABILITY-AND-EQUITY> 92,142,841 <PREMIUMS> 15,181,103 <INVESTMENT-INCOME> 1,868,072 <INVESTMENT-GAINS> 7,192 <OTHER-INCOME> 3,513,426 <BENEFITS> 8,394,877 <UNDERWRITING-AMORTIZATION> 4,213,557 <UNDERWRITING-OTHER> 4,129,922 <INCOME-PRETAX> 3,831,437 <INCOME-TAX> 1,089,986 <INCOME-CONTINUING> 2,741,451 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,741,451 <EPS-PRIMARY> .45 <EPS-DILUTED> .45 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0