<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>                   3-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1995
<PERIOD-START>                             JAN-01-1996             JAN-01-1995
<PERIOD-END>                               MAR-31-1996             DEC-31-1995
<DEBT-HELD-FOR-SALE>                       601,955,739             552,783,491
<DEBT-CARRYING-VALUE>                                0                       0
<DEBT-MARKET-VALUE>                                  0                       0
<EQUITIES>                                   6,436,330               6,692,979
<MORTGAGE>                                 154,500,550             146,730,102
<REAL-ESTATE>                               36,433,160              36,381,549
<TOTAL-INVEST>                             799,325,779             742,588,121
<CASH>                                      48,439,623              76,623,174
<RECOVER-REINSURE>                                   0                       0
<DEFERRED-ACQUISITION>                               0                       0
<TOTAL-ASSETS>                           3,626,030,209           3,446,285,957
<POLICY-LOSSES>                                      0                       0
<UNEARNED-PREMIUMS>                                  0                       0
<POLICY-OTHER>                             678,507,978             671,135,547
<POLICY-HOLDER-FUNDS>                                0                       0
<NOTES-PAYABLE>                                      0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                  5,030,000               5,030,000
<COMMON>                                     1,406,330               1,662,979
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>             3,626,030,209           3,446,285,957
<PREMIUMS>                                 113,823,714             453,853,570
<INVESTMENT-INCOME>                         17,821,652              62,111,216
<INVESTMENT-GAINS>                             (2,368)                 561,845
<OTHER-INCOME>                              87,650,044             202,905,077
<BENEFITS>                                 204,828,153             646,890,183
<UNDERWRITING-AMORTIZATION>                          0                       0
<UNDERWRITING-OTHER>                                 0                       0
<INCOME-PRETAX>                             12,026,843              60,023,019
<INCOME-TAX>                                 8,069,665              28,397,605
<INCOME-CONTINUING>                          3,957,178              31,625,414
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 3,957,178              31,625,414
<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