<ARTICLE> 7 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLAR <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 2,045,254 <DEBT-CARRYING-VALUE> 204,234 <DEBT-MARKET-VALUE> 208,232 <EQUITIES> 361,509 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 2,610,997 <CASH> 346,485 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 119,157 <TOTAL-ASSETS> 4,073,264 <POLICY-LOSSES> 1,782,703 <UNEARNED-PREMIUMS> 514,213 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 610,335 <PREFERRED-MANDATORY> 0 <PREFERRED> 93 <COMMON> 4,854 <OTHER-SE> 874,785 <TOTAL-LIABILITY-AND-EQUITY> 4,073,264 <PREMIUMS> 981,221 <INVESTMENT-INCOME> 164,490 <INVESTMENT-GAINS> 7,437 <OTHER-INCOME> 2,772 <BENEFITS> 669,160 <UNDERWRITING-AMORTIZATION> 0 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 115,049 <INCOME-TAX> 25,102 <INCOME-CONTINUING> 89,947 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 76,354 <EPS-PRIMARY> 3.84 <EPS-DILUTED> 0 <RESERVE-OPEN> 1,209,250 <PROVISION-CURRENT> 675,674 <PROVISION-PRIOR> (15,219) <PAYMENTS-CURRENT> 280,565 <PAYMENTS-PRIOR> 264,723 <RESERVE-CLOSE> 1,333,122 <CUMULATIVE-DEFICIENCY> 15,000