<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <DEBT-HELD-FOR-SALE> 87,037,344 <DEBT-CARRYING-VALUE> 124,145,593 <DEBT-MARKET-VALUE> 127,595,728 <EQUITIES> 12,161,332 <MORTGAGE> 0 <REAL-ESTATE> 2,472,339 <TOTAL-INVEST> 238,893,944 <CASH> 3,161,432 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 11,140,610 <TOTAL-ASSETS> 367,894,614 <POLICY-LOSSES> 142,974,241 <UNEARNED-PREMIUMS> 94,668,936 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 15,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,371,019 <OTHER-SE> 102,591,019 <TOTAL-LIABILITY-AND-EQUITY> 367,894,614 <PREMIUMS> 36,093,971 <INVESTMENT-INCOME> 3,369,261 <INVESTMENT-GAINS> (16,930) <OTHER-INCOME> 663,688 <BENEFITS> 24,451,651 <UNDERWRITING-AMORTIZATION> 6,031,000 <UNDERWRITING-OTHER> 5,757,757 <INCOME-PRETAX> 2,724,875 <INCOME-TAX> 573,508 <INCOME-CONTINUING> 2,151,367 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,151,367 <EPS-PRIMARY> .26 <EPS-DILUTED> .26 <RESERVE-OPEN> 93,863 <PROVISION-CURRENT> 26,610 <PROVISION-PRIOR> (2,158) <PAYMENTS-CURRENT> 13,420 <PAYMENTS-PRIOR> 11,070 <RESERVE-CLOSE> 93,825 <CUMULATIVE-DEFICIENCY> (2,158)