<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF THE REGISTRANT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLAR <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 1,162,269 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,796,748 <CASH> 14,927 <RECOVER-REINSURE> 74,211 <DEFERRED-ACQUISITION> 193,734 <TOTAL-ASSETS> 2,352,176 <POLICY-LOSSES> 1,429,908 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 222,507 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 104,349 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 174 <OTHER-SE> 366,832 <TOTAL-LIABILITY-AND-EQUITY> 2,352,176 <PREMIUMS> 167,892 <INVESTMENT-INCOME> 27,875 <INVESTMENT-GAINS> 562 <OTHER-INCOME> 4,093 <BENEFITS> 143,685 <UNDERWRITING-AMORTIZATION> 11,416 <UNDERWRITING-OTHER> 19,009 <INCOME-PRETAX> 17,028 <INCOME-TAX> 6,249 <INCOME-CONTINUING> 10,779 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,536 <EPS-PRIMARY> 0.42<F1><F2> <EPS-DILUTED> 0.42<F2> <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1> Item consists of basic earnings per share <F2> Item adjusted for three-for-two stock split on August 29, 1997