<ARTICLE> 7 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <DEBT-HELD-FOR-SALE> 546,806,744 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 546,806,744 <CASH> 29,000,653 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 1,919,528 <TOTAL-ASSETS> 856,634,487 <POLICY-LOSSES> 365,478,762 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 160,467 <OTHER-SE> 218,500,614 <TOTAL-LIABILITY-AND-EQUITY> 856,634,487 <PREMIUMS> 21,311 <INVESTMENT-INCOME> 24,068,240 <INVESTMENT-GAINS> (2,638,506) <OTHER-INCOME> 1,013,966 <BENEFITS> 7,200,135 <UNDERWRITING-AMORTIZATION> 165,389 <UNDERWRITING-OTHER> 2,060,224 <INCOME-PRETAX> 8,833,333 <INCOME-TAX> (41,386) <INCOME-CONTINUING> 8,874,719 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,874,719 <EPS-BASIC> 0.50 <EPS-DILUTED> 0.50 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0