<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Condensed Consolidated Statements of Financial Position and Condensed Consolidated Statements of Income and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <CURRENCY> USD <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1.0 <CASH> 3,398<F1> <SECURITIES> 3,877<F2> <RECEIVABLES> 6,818 <ALLOWANCES> 84 <INVENTORY> 0 <CURRENT-ASSETS> 0<F3> <PP&E> 1,243 <DEPRECIATION> 705 <TOTAL-ASSETS> 19,845 <CURRENT-LIABILITIES> 0<F3> <BONDS> 625<F4> <PREFERRED-MANDATORY> 850<F5> <PREFERRED> 0 <COMMON> 172 <OTHER-SE> 2,853 <TOTAL-LIABILITY-AND-EQUITY> 19,845 <SALES> 0 <TOTAL-REVENUES> 3,185 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,707<F6> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 41 <INCOME-PRETAX> 477 <INCOME-TAX> 179 <INCOME-CONTINUING> 298 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 278 <EPS-PRIMARY> 1.64 <EPS-DILUTED> 1.61 <FN> <F1> Includes short-term investments. <F2> Includes fixed maturities and equity securities at fair value. <F3> Not applicable based on current reporting format. <F4> Includes notes payable. <F5> Preferred stock at par value. Includes Company-obligated Mandatorily Redeemable Preferred Capital Securities of Subsidiary Trust holding solely to Company's Junior Subordinated Debentures. <F6> Represents total expenses. </FN>