<ARTICLE> 7 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 1,086,620 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 132,465 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,254,378 <CASH> 380,780 <RECOVER-REINSURE> 996 <DEFERRED-ACQUISITION> 80,731 <TOTAL-ASSETS> 2,143,053 <POLICY-LOSSES> 833,051 <UNEARNED-PREMIUMS> 294,252 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 198,403 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 262 <OTHER-SE> 670,429 <TOTAL-LIABILITY-AND-EQUITY> 2,143,053 <PREMIUMS> 338,630 <INVESTMENT-INCOME> 43,967 <INVESTMENT-GAINS> (5,423) <OTHER-INCOME> 331 <BENEFITS> 241,612 <UNDERWRITING-AMORTIZATION> 90,756 <UNDERWRITING-OTHER> 23,395 <INCOME-PRETAX> 14,057 <INCOME-TAX> 3,838 <INCOME-CONTINUING> 10,219 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,219 <EPS-PRIMARY> .39 <EPS-DILUTED> .39 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0