<ARTICLE> 7
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<DEBT-HELD-FOR-SALE>                            17,112
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                         124
<MORTGAGE>                                         222
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                  21,432
<CASH>                                              87
<RECOVER-REINSURE>                               5,588
<DEFERRED-ACQUISITION>                           3,723
<TOTAL-ASSETS>                                 109,643
<POLICY-LOSSES>                                  5,460
<UNEARNED-PREMIUMS>                                 49
<POLICY-OTHER>                                  20,812
<POLICY-HOLDER-FUNDS>                           77,078
<NOTES-PAYABLE>                                    650
<PREFERRED-MANDATORY>                                1
<PREFERRED>                                        250<F1>
<COMMON>                                             0
<OTHER-SE>                                       2,512
<TOTAL-LIABILITY-AND-EQUITY>                   109,643
<PREMIUMS>                                       2,661
<INVESTMENT-INCOME>                              1,185
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                       0
<BENEFITS>                                       2,108
<UNDERWRITING-AMORTIZATION>                        336
<UNDERWRITING-OTHER>                               908
<INCOME-PRETAX>                                    423
<INCOME-TAX>                                       145
<INCOME-CONTINUING>                                278
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       278
<EPS-PRIMARY>                                     1.98
<EPS-DILUTED>                                     1.98
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0
<FN>
<F1>REPRESENTS COMPANY OBLIGATED MANDATORILY REDEEMABLE PREFERRED SECURITIES OF
SUBSIDIARY TRUSTS HOLDING SOLELY JUNIOR SUBORDINATED DEBENTURES.
</FN>