<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <DEBT-HELD-FOR-SALE> 69,984,731 <DEBT-CARRYING-VALUE> 115,403,514 <DEBT-MARKET-VALUE> 120,382,362 <EQUITIES> 13,395,559 <MORTGAGE> 0 <REAL-ESTATE> 2,488,452 <TOTAL-INVEST> 211,126,954 <CASH> 2,465,595 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 9,315,731 <TOTAL-ASSETS> 322,781,923 <POLICY-LOSSES> 128,343,472 <UNEARNED-PREMIUMS> 79,987,414 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 5,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,279,857 <OTHER-SE> 97,573,011 <TOTAL-LIABILITY-AND-EQUITY> 322,781,923 <PREMIUMS> 82,847,565 <INVESTMENT-INCOME> 8,439,124 <INVESTMENT-GAINS> 494,894 <OTHER-INCOME> 1,792,323 <BENEFITS> 55,461,577 <UNDERWRITING-AMORTIZATION> 14,560,000 <UNDERWRITING-OTHER> 13,840,760 <INCOME-PRETAX> 6,577,418 <INCOME-TAX> 1,323,459 <INCOME-CONTINUING> 5,253,959 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,253,959 <EPS-PRIMARY> .64 <EPS-DILUTED> .63 <RESERVE-OPEN> 77,474 <PROVISION-CURRENT> 58,421 <PROVISION-PRIOR> (2,959) <PAYMENTS-CURRENT> 36,413 <PAYMENTS-PRIOR> 15,190 <RESERVE-CLOSE> 81,333 <CUMULATIVE-DEFICIENCY> (2,959)