<ARTICLE> 7 <MULTIPLIER> 1,000 <CURRENCY> US DOLLARS <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1997 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 2,322,971 <DEBT-CARRYING-VALUE> 182,172 <DEBT-MARKET-VALUE> 194,919 <EQUITIES> 398,212 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 3,321,322 <CASH> 21,669 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 145,737 <TOTAL-ASSETS> 4,599,284 <POLICY-LOSSES> 1,909,688 <UNEARNED-PREMIUMS> 589,384 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 598,359 <PREFERRED-MANDATORY> 0 <PREFERRED> 65 <COMMON> 7,281 <OTHER-SE> 939,946 <TOTAL-LIABILITY-AND-EQUITY> 4,599,284 <PREMIUMS> 1,111,747 <INVESTMENT-INCOME> 199,588 <INVESTMENT-GAINS> 13,186 <OTHER-INCOME> 4,333 <BENEFITS> 734,424 <UNDERWRITING-AMORTIZATION> 337,871 <UNDERWRITING-OTHER> 149,905 <INCOME-PRETAX> 129,241 <INCOME-TAX> 30,668 <INCOME-CONTINUING> 91,219 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 91,219 <EPS-PRIMARY> 3.09 <EPS-DILUTED> 3.02 <RESERVE-OPEN> 1,333,122 <PROVISION-CURRENT> 747,977 <PROVISION-PRIOR> (13,553) <PAYMENTS-CURRENT> 315,370 <PAYMENTS-PRIOR> 324,149 <RESERVE-CLOSE> 1,433,011 <CUMULATIVE-DEFICIENCY> 13,553