<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from the Company's third quarter 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 551,396 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 38,285 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 589,681 <CASH> 38,608 <RECOVER-REINSURE> 63,864 <DEFERRED-ACQUISITION> 20,987 <TOTAL-ASSETS> 827,306 <POLICY-LOSSES> 419,334 <UNEARNED-PREMIUMS> 173,382 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 70,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 104 <OTHER-SE> 126,794 <TOTAL-LIABILITY-AND-EQUITY> 827,306 <PREMIUMS> 111,404 <INVESTMENT-INCOME> 23,214 <INVESTMENT-GAINS> (572) <OTHER-INCOME> 135 <BENEFITS> 75,279 <UNDERWRITING-AMORTIZATION> 20,231 <UNDERWRITING-OTHER> 15,083 <INCOME-PRETAX> 23,588 <INCOME-TAX> 4,059 <INCOME-CONTINUING> 19,529 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 19,529 <EPS-PRIMARY> 1.84 <EPS-DILUTED> 1.83 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0