<ARTICLE>            7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE CONSOLIDATED FINANCIAL
STATEMENTS OF THE REGISTRANT AND IS QUALIFED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<RESTATED>
<MULTIPLIER>         1,000
       
                                
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                   DEC-31-1996
<PERIOD-START>                      JAN-01-1996
<PERIOD-END>                        DEC-31-1996
<DEBT-HELD-FOR-SALE>                  1,517,264
<DEBT-CARRYING-VALUE>                         0
<DEBT-MARKET-VALUE>                           0
<EQUITIES>                                5,997
<MORTGAGE>                               98,262
<REAL-ESTATE>                                 0
<TOTAL-INVEST>                        2,272,048
<CASH>                                   13,145
<RECOVER-REINSURE>                       59,618
<DEFERRED-ACQUISITION>                  233,565
<TOTAL-ASSETS>                        2,893,654
<POLICY-LOSSES>                       1,862,284
<UNEARNED-PREMIUMS>                           0
<POLICY-OTHER>                          206,284
<POLICY-HOLDER-FUNDS>                         0
<NOTES-PAYABLE>                         106,493
<PREFERRED-MANDATORY>                         0
<PREFERRED>                                   0
<COMMON>                                    174
<OTHER-SE>                              425,384
<TOTAL-LIABILITY-AND-EQUITY>          2,893,654
<PREMIUMS>                              674,885
<INVESTMENT-INCOME>                     136,828
<INVESTMENT-GAINS>                          930
<OTHER-INCOME>                           17,386
<BENEFITS>                              560,445
<UNDERWRITING-AMORTIZATION>              51,987
<UNDERWRITING-OTHER>                     84,522
<INCOME-PRETAX>                          87,061
<INCOME-TAX>                                  0
<INCOME-CONTINUING>                      55,374
<DISCONTINUED>                                0
<EXTRAORDINARY>                               0
<CHANGES>                                     0
<NET-INCOME>                             55,072
<EPS-PRIMARY>                              3.24
<EPS-DILUTED>                              3.24
<RESERVE-OPEN>                                0
<PROVISION-CURRENT>                           0
<PROVISION-PRIOR>                             0
<PAYMENTS-CURRENT>                            0
<PAYMENTS-PRIOR>                              0
<RESERVE-CLOSE>                               0
<CUMULATIVE-DEFICIENCY>                       0