<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-01-1996 JAN-01-1995 <PERIOD-END> DEC-31-1996 DEC-31-1995 <DEBT-HELD-FOR-SALE> 1,085,514 928,773 <DEBT-CARRYING-VALUE> 0 0 <DEBT-MARKET-VALUE> 0 0 <EQUITIES> 124,356 121,889 <MORTGAGE> 0 0 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 1,291,746 1,132,972 <CASH> 6,592 3,654 <RECOVER-REINSURE> 83,379 78,007 <DEFERRED-ACQUISITION> 31,633 22,986 <TOTAL-ASSETS> 1,509,919 1,304,440 <POLICY-LOSSES> 199,774 192,087 <UNEARNED-PREMIUMS> 116,951 140,322 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 0 0 <NOTES-PAYABLE> 99,342 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 350 350 <OTHER-SE> 986,512 870,153 <TOTAL-LIABILITY-AND-EQUITY> 1,509,919 1,304,440 <PREMIUMS> 412,738 328,756 <INVESTMENT-INCOME> 67,442 62,041 <INVESTMENT-GAINS> 14,296 11,934 <OTHER-INCOME> 6,948 2,309 <BENEFITS> 152,409 112,837 <UNDERWRITING-AMORTIZATION> 48,302 52,881 <UNDERWRITING-OTHER> 77,700 58,781 <INCOME-PRETAX> 222,106 180,541 <INCOME-TAX> 64,188 45,310 <INCOME-CONTINUING> 157,918 135,231 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 157,918 135,231 <EPS-PRIMARY> 4.51 3.85 <EPS-DILUTED> 4.50 3.85 <RESERVE-OPEN> 174,188 156,316 <PROVISION-CURRENT> 161,740 133,536 <PROVISION-PRIOR> (9,331) (20,699) <PAYMENTS-CURRENT> 23,353 16,180 <PAYMENTS-PRIOR> 108,757 78,785 <RESERVE-CLOSE> 194,487 174,188 <CUMULATIVE-DEFICIENCY> 0 0