<ARTICLE> 7 <MULTIPLIER> 1000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <DEBT-HELD-FOR-SALE> 275600 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 275907 <CASH> 29552 <RECOVER-REINSURE> 24445 <DEFERRED-ACQUISITION> 13646 <TOTAL-ASSETS> 559451 <POLICY-LOSSES> 343782 <UNEARNED-PREMIUMS> 66385 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 22000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 81 <OTHER-SE> 104181 <TOTAL-LIABILITY-AND-EQUITY> 559451 <PREMIUMS> 76801 <INVESTMENT-INCOME> 12829 <INVESTMENT-GAINS> 2630 <OTHER-INCOME> 794 <BENEFITS> 47862 <UNDERWRITING-AMORTIZATION> 33730 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 10234 <INCOME-TAX> 2199 <INCOME-CONTINUING> 8035 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8035 <EPS-PRIMARY> 1.20 <EPS-DILUTED> 1.20 <RESERVE-OPEN> 171307 <PROVISION-CURRENT> 46318 <PROVISION-PRIOR> 1514 <PAYMENTS-CURRENT> 8715 <PAYMENTS-PRIOR> 29232 <RESERVE-CLOSE> 181192 <CUMULATIVE-DEFICIENCY> (1514)