<ARTICLE> 7 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS 9-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 <PERIOD-START> JAN-01-1996 JAN-01-1996 JAN-01-1996 <PERIOD-END> JUN-30-1996 SEP-30-1996 DEC-31-1996 <DEBT-HELD-FOR-SALE> 2,885,762 3,068,611 3,281,972 <DEBT-CARRYING-VALUE> 82,026 83,987 80,522 <DEBT-MARKET-VALUE> 92,288 91,988 88,374 <EQUITIES> 132,275 131,371 147,280 <MORTGAGE> 0 0 0 <REAL-ESTATE> 0 0 0 <TOTAL-INVEST> 3,229,931 3,405,389 3,572,010 <CASH> 55,416 50,104 52,595 <RECOVER-REINSURE> 725,525 715,768 749,062 <DEFERRED-ACQUISITION> 79,435 84,526 84,123 <TOTAL-ASSETS> 4,763,556 4,925,098 5,047,767 <POLICY-LOSSES> 3,056,620 3,081,757 3,246,858 <UNEARNED-PREMIUMS> 322,584 353,682 355,908 <POLICY-OTHER> 0 0 0 <POLICY-HOLDER-FUNDS> 0 0 0 <NOTES-PAYABLE> 0 0 0 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 508 508 508 <OTHER-SE> 972,280 1,014,083 1,085,515 <TOTAL-LIABILITY-AND-EQUITY> 4,763,556 4,925,098 5,047,767 <PREMIUMS> 429,075 674,416 973,611 <INVESTMENT-INCOME> 91,029 140,496 191,901 <INVESTMENT-GAINS> 7,484 979 5,695 <OTHER-INCOME> 243 230 (1,867) <BENEFITS> 316,555 496,411 716,033 <UNDERWRITING-AMORTIZATION> 437 (4,659) (3,987) <UNDERWRITING-OTHER> 137,759 222,007 313,455 <INCOME-PRETAX> 73,080 102,362 143,839 <INCOME-TAX> 16,590 22,653 31,812 <INCOME-CONTINUING> 56,490 79,709 112,027 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 56,490 79,709 112,027 <EPS-PRIMARY> 1.12 1.58 2.22 <EPS-DILUTED> 1.11 1.57 2.21 <RESERVE-OPEN> 0 0 2,268,464 <PROVISION-CURRENT> 0 0 745,594 <PROVISION-PRIOR> 0 0 (29,561) <PAYMENTS-CURRENT> 0 0 213,832 <PAYMENTS-PRIOR> 0 0 270,447 <RESERVE-CLOSE> 0 0 2,500,218 <CUMULATIVE-DEFICIENCY> 0 0 29,561