<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <DEBT-HELD-FOR-SALE> 45,741,325 <DEBT-CARRYING-VALUE> 105,309,169 <DEBT-MARKET-VALUE> 106,257,972 <EQUITIES> 3,891,787 <MORTGAGE> 0 <REAL-ESTATE> 610,000 <TOTAL-INVEST> 173,015,402 <CASH> 1,932,936 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 7,910,127 <TOTAL-ASSETS> 262,143,389 <POLICY-LOSSES> 108,554,366 <UNEARNED-PREMIUMS> 67,872,999 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 3,500,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,532,569 <OTHER-SE> 75,096,702 <TOTAL-LIABILITY-AND-EQUITY> 262,143,389 <PREMIUMS> 74,664,917 <INVESTMENT-INCOME> 7,459,103 <INVESTMENT-GAINS> 311,528 <OTHER-INCOME> 1,497,615 <BENEFITS> 50,126,039 <UNDERWRITING-AMORTIZATION> 12,576,000 <UNDERWRITING-OTHER> 10,567,085 <INCOME-PRETAX> 8,242,426 <INCOME-TAX> 1,625,754 <INCOME-CONTINUING> 6,616,672 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,616,672 <EPS-PRIMARY> 1.50 <EPS-DILUTED> 1.50 <RESERVE-OPEN> 70,041 <PROVISION-CURRENT> 53,293 <PROVISION-PRIOR> (3,167) <PAYMENTS-CURRENT> 31,136 <PAYMENTS-PRIOR> 15,487 <RESERVE-CLOSE> 73,544 <CUMULATIVE-DEFICIENCY> 0