<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <DEBT-HELD-FOR-SALE> 527,398,113 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 527,398,113 <CASH> 31,475,648 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 2,908,405 <TOTAL-ASSETS> 861,715,422 <POLICY-LOSSES> 367,673,507 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 160,467 <OTHER-SE> 219,563,272 <TOTAL-LIABILITY-AND-EQUITY> 861,715,422 <PREMIUMS> 32,373 <INVESTMENT-INCOME> 9,765,138 <INVESTMENT-GAINS> (127,657) <OTHER-INCOME> 449,572 <BENEFITS> 5,275,603 <UNDERWRITING-AMORTIZATION> 70,668 <UNDERWRITING-OTHER> 1,043,509 <INCOME-PRETAX> 2,090,279 <INCOME-TAX> 59,627 <INCOME-CONTINUING> 2,030,652 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,030,652 <EPS-BASIC> 0.13 <EPS-DILUTED> 0.13 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0