<ARTICLE> 7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <DEBT-HELD-FOR-SALE> 36,697,852 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 769,016 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 40,007,254 <CASH> (776,585) <RECOVER-REINSURE> 5,179,868 <DEFERRED-ACQUISITION> 2,671,280 <TOTAL-ASSETS> 61,094,197 <POLICY-LOSSES> 24,443,806 <UNEARNED-PREMIUMS> 17,461,074 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 799,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,375,000 <COMMON> 17,016 <OTHER-SE> 11,987,658 <TOTAL-LIABILITY-AND-EQUITY> 61,094,197 <PREMIUMS> 15,896,803 <INVESTMENT-INCOME> 1,250,390 <INVESTMENT-GAINS> 4,998 <OTHER-INCOME> 304,997 <BENEFITS> 12,418,334 <UNDERWRITING-AMORTIZATION> 2,943,304 <UNDERWRITING-OTHER> 2,673,298 <INCOME-PRETAX> (577,748) <INCOME-TAX> (251,000) <INCOME-CONTINUING> (326,748) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (326,748) <EPS-PRIMARY> (.27) <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0