<ARTICLE> 7 <LEGEND> This statement contains summary financial information extracted from Condensed Consolidated Statements of Financial Position and Condensed Consolidated Statements of Operations and is qualifed in its entirety by reference to such financial information. </LEGEND> <MULTIPLIER> 1000000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-START> Jan-01-1997 <PERIOD-END> Mar-31-1997 <DEBT-HELD-FOR-SALE> 2734 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 711 <MORTGAGE> 25 <REAL-ESTATE> 14 <TOTAL-INVEST> 5061 <CASH> 1270 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 575 <TOTAL-ASSETS> 17317 <POLICY-LOSSES> 1081 <UNEARNED-PREMIUMS> 1980 <POLICY-OTHER> 841 <POLICY-HOLDER-FUNDS> 558 <NOTES-PAYABLE> 964 <F2> <PREFERRED-MANDATORY> 50 <PREFERRED> 6 <F4> <F5> <COMMON> 171 <F3> <OTHER-SE> 2519 <TOTAL-LIABILITY-AND-EQUITY> 17317 <PREMIUMS> 384 <INVESTMENT-INCOME> 116 <INVESTMENT-GAINS> 2 <OTHER-INCOME> 852 <F6> <BENEFITS> 205 <UNDERWRITING-AMORTIZATION> 54 <UNDERWRITING-OTHER> 935 <INCOME-PRETAX> 15 <INCOME-TAX> 6 <INCOME-CONTINUING> 9 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1 <EPS-PRIMARY> (0.02) <EPS-DILUTED> 0 <RESERVE-OPEN> 715 <PROVISION-CURRENT> 0 <F1> <PROVISION-PRIOR> 0 <F1> <PAYMENTS-CURRENT> 0 <F1> <PAYMENTS-PRIOR> 0 <F1> <RESERVE-CLOSE> 0 <F1> <CUMULATIVE-DEFICIENCY> 0 <F1> <FN> <F1> Available on an annual basis only. <F2> Includes short-term borrowings and debt guarantee of ESOP. <F3> Common stock at par value; adjusted to reflect three-for-two stock split effective May 1,1997. <F4> Preferred stock at par value. <F5> Does not include Company-obligated Mandatorily Redeemable Preferred Capital Securities of Subsidiary Trust holding solely to Company's Securities. <F6> Includes brokerage commissions and fees and other income. </FN>