<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> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 1,361,925 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,617,644 <CASH> 14,692 <RECOVER-REINSURE> 69,522 <DEFERRED-ACQUISITION> 203,335 <TOTAL-ASSETS> 2,498,485 <POLICY-LOSSES> 1,571,687 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 208,749 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 104,496 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 174 <OTHER-SE> 372,388 <TOTAL-LIABILITY-AND-EQUITY> 2,498,485 <PREMIUMS> 331,315 <INVESTMENT-INCOME> 60,925 <INVESTMENT-GAINS> 1,795 <OTHER-INCOME> 7,878 <BENEFITS> 281,252 <UNDERWRITING-AMORTIZATION> 23,409 <UNDERWRITING-OTHER> 37,637 <INCOME-PRETAX> 38,636 <INCOME-TAX> 14,247 <INCOME-CONTINUING> 24,389 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 23,996 <EPS-PRIMARY> 0.95<F1><F2> <EPS-DILUTED> 0.94<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