<ARTICLE> 7
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                        68,888,277
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                     998,075
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              73,352,384
<CASH>                                         154,346
<RECOVER-REINSURE>                             212,368
<DEFERRED-ACQUISITION>                       4,333,708
<TOTAL-ASSETS>                              95,817,377
<POLICY-LOSSES>                             37,006,458
<UNEARNED-PREMIUMS>                         19,646,502
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        2,332,398
<NOTES-PAYABLE>                              2,000,001
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     2,834,801
<OTHER-SE>                                  29,552,357
<TOTAL-LIABILITY-AND-EQUITY>                95,817,377
<PREMIUMS>                                  31,477,427
<INVESTMENT-INCOME>                          3,863,733
<INVESTMENT-GAINS>                              55,743
<OTHER-INCOME>                               7,071,571
<BENEFITS>                                  17,309,549
<UNDERWRITING-AMORTIZATION>                  8,569,395
<UNDERWRITING-OTHER>                         8,181,239
<INCOME-PRETAX>                              8,408,291
<INCOME-TAX>                                 2,460,810
<INCOME-CONTINUING>                          5,947,481
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 5,947,481
<EPS-PRIMARY>                                      .97
<EPS-DILUTED>                                      .97
<RESERVE-OPEN>                              27,633,304
<PROVISION-CURRENT>                         19,276,602
<PROVISION-PRIOR>                          (1,967,053)
<PAYMENTS-CURRENT>                           3,446,088
<PAYMENTS-PRIOR>                             8,814,612
<RESERVE-CLOSE>                             32,682,153
<CUMULATIVE-DEFICIENCY>                      1,967,053