<ARTICLE> 7 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <DEBT-HELD-FOR-SALE> 10,684 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 37 <MORTGAGE> 65 <REAL-ESTATE> 0 <TOTAL-INVEST> 11,542 <CASH> 1,124 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 322 <TOTAL-ASSETS> 14,759 <POLICY-LOSSES> 0 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 11,688 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 229 <PREFERRED-MANDATORY> 0 <PREFERRED> 14 <COMMON> 0 <OTHER-SE> 1,043 <TOTAL-LIABILITY-AND-EQUITY> 14,759 <PREMIUMS> 0 <INVESTMENT-INCOME> 208 <INVESTMENT-GAINS> 13 <OTHER-INCOME> 89 <BENEFITS> 0 <UNDERWRITING-AMORTIZATION> 16 <UNDERWRITING-OTHER> 76 <INCOME-PRETAX> 52 <INCOME-TAX> 17 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 35 <EPS-PRIMARY> 1.14 <EPS-DILUTED> 1.14 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0