<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-START> APR-01-1995 <PERIOD-END> DEC-31-1995 <DEBT-HELD-FOR-SALE> 67,973,654 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 72,318,092 <CASH> 951 <RECOVER-REINSURE> 66,389 <DEFERRED-ACQUISITION> 4,220,086 <TOTAL-ASSETS> 95,043,816 <POLICY-LOSSES> 36,696,882 <UNEARNED-PREMIUMS> 19,362,092 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,335,930 <NOTES-PAYABLE> 2,895,001 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,834,801 <OTHER-SE> 28,525,953 <TOTAL-LIABILITY-AND-EQUITY> 95,043,816 <PREMIUMS> 23,263,600 <INVESTMENT-INCOME> 2,863,247 <INVESTMENT-GAINS> 36,201 <OTHER-INCOME> 5,309,811 <BENEFITS> 12,910,188 <UNDERWRITING-AMORTIZATION> 6,354,266 <UNDERWRITING-OTHER> 6,197,204 <INCOME-PRETAX> 6,011,201 <INCOME-TAX> 1,738,537 <INCOME-CONTINUING> 4,272,664 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,272,664 <EPS-PRIMARY> .70 <EPS-DILUTED> .70 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0