<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENTS 
OF FINANCIAL POSITION STATEMENTS OF OPERATIONS AND UNASSIGNED DEFICIT AND IS 
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                                                  
<PERIOD-TYPE>                   9-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994
<PERIOD-START>                             JAN-01-1995             JAN-31-1994
<PERIOD-END>                               SEP-30-1995             DEC-31-1994
<DEBT-HELD-FOR-SALE>                       466,829,751             458,313,767
<DEBT-CARRYING-VALUE>                                0                       0
<DEBT-MARKET-VALUE>                                  0                       0
<EQUITIES>                                   7,468,506               7,109,257
<MORTGAGE>                                 137,978,757             148,499,846
<REAL-ESTATE>                               42,950,009              27,783,616
<TOTAL-INVEST>                             655,227,023             641,706,486
<CASH>                                      52,418,599              76,071,698
<RECOVER-REINSURE>                                   0                       0
<DEFERRED-ACQUISITION>                               0                       0
<TOTAL-ASSETS>                           3,107,786,838           2,626,919,271
<POLICY-LOSSES>                                      0                       0
<UNEARNED-PREMIUMS>                                  0                       0
<POLICY-OTHER>                             658,090,594             638,584,571
<POLICY-HOLDER-FUNDS>                                0                       0
<NOTES-PAYABLE>                                      0                       0
<COMMON>                                     2,258,506               1,849,257
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                  5,210,000               5,260,000
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>             3,107,786,838           2,626,919,271
<PREMIUMS>                                 378,880,910             430,469,918
<INVESTMENT-INCOME>                         47,149,140              57,595,660
<INVESTMENT-GAINS>                           (594,260)                 484,859
<OTHER-INCOME>                              57,678,599              95,699,066
<BENEFITS>                                 440,476,466             544,877,466
<UNDERWRITING-AMORTIZATION>                          0                       0
<UNDERWRITING-OTHER>                                 0                       0
<INCOME-PRETAX>                             33,828,426              28,028,786
<INCOME-TAX>                                19,883,695              14,989,791
<INCOME-CONTINUING>                         13,944,731              13,038,995
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                13,944,731              13,038,995
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0
<RESERVE-OPEN>                                       0                       0
<PROVISION-CURRENT>                                  0                       0
<PROVISION-PRIOR>                                    0                       0
<PAYMENTS-CURRENT>                                   0                       0
<PAYMENTS-PRIOR>                                     0                       0
<RESERVE-CLOSE>                                      0                       0
<CUMULATIVE-DEFICIENCY>                              0                       0