<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF EARNINGS FOUND ON PAGES F-3 AND F-4 OF THE COMPANY'S FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 264,727,000 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 2,433,000 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 320,260,000 <CASH> 3,212,000 <RECOVER-REINSURE> 123,181,000 <DEFERRED-ACQUISITION> 1,425,000 <TOTAL-ASSETS> 745,779,000 <POLICY-LOSSES> 185,822,000 <UNEARNED-PREMIUMS> 114,758,000 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 16,500,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 35,851,000 <OTHER-SE> 204,839,000 <TOTAL-LIABILITY-AND-EQUITY> 745,779,000 <PREMIUMS> 93,314,000 <INVESTMENT-INCOME> 15,372,000 <INVESTMENT-GAINS> 5,097,000 <OTHER-INCOME> 38,462,000 <BENEFITS> 51,242,000 <UNDERWRITING-AMORTIZATION> 3,842,000 <UNDERWRITING-OTHER> 33,208,000 <INCOME-PRETAX> 36,627,000 <INCOME-TAX> 7,329,000 <INCOME-CONTINUING> 29,298,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 29,298,000 <EPS-PRIMARY> 0.81 <EPS-DILUTED> 0.81 <RESERVE-OPEN> 66,326,000 <PROVISION-CURRENT> 55,045,000 <PROVISION-PRIOR> (3,803,000) <PAYMENTS-CURRENT> 15,903,000 <PAYMENTS-PRIOR> 19,731,000 <RESERVE-CLOSE> 81,934,000 <CUMULATIVE-DEFICIENCY> (3,803,000)