<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <DEBT-HELD-FOR-SALE> 441,646,362 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 441,646,362 <CASH> 60,102,596 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 2,162,495 <TOTAL-ASSETS> 522,867,817 <POLICY-LOSSES> 283,215,197 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 170,886 <OTHER-SE> 227,407,426 <TOTAL-LIABILITY-AND-EQUITY> 522,867,817 <PREMIUMS> 0 <INVESTMENT-INCOME> 14,591,701 <INVESTMENT-GAINS> (2,497,268) <OTHER-INCOME> 744,279 <BENEFITS> 2,980,330 <UNDERWRITING-AMORTIZATION> 74,197 <UNDERWRITING-OTHER> 1,928,702 <INCOME-PRETAX> 6,073,035 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,073,035 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,073,035 <EPS-BASIC> 0.33 <EPS-DILUTED> 0.33 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0