<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <DEBT-HELD-FOR-SALE> 71,295,182 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 320,000 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 75,651,310 <CASH> 366,554 <RECOVER-REINSURE> 60,589 <DEFERRED-ACQUISITION> 4,430,633 <TOTAL-ASSETS> 98,772,270 <POLICY-LOSSES> 38,477,046 <UNEARNED-PREMIUMS> 20,136,176 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,270,210 <NOTES-PAYABLE> 1,500,001 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,835,326 <OTHER-SE> 30,422,160 <TOTAL-LIABILITY-AND-EQUITY> 33,257,486 <PREMIUMS> 8,366,200 <INVESTMENT-INCOME> 1,011,495 <INVESTMENT-GAINS> 191,174 <OTHER-INCOME> 1,769,828 <BENEFITS> 4,715,902 <UNDERWRITING-AMORTIZATION> 2,249,451 <UNDERWRITING-OTHER> 1,979,248 <INCOME-PRETAX> 2,394,096 <INCOME-TAX> 720,002 <INCOME-CONTINUING> 1,674,094 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,674,094 <EPS-PRIMARY> .27 <EPS-DILUTED> .27 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0