<ARTICLE> 7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <DEBT-HELD-FOR-SALE> 285,801,000 <DEBT-CARRYING-VALUE> 278,771,746 <DEBT-MARKET-VALUE> 278,771,746 <EQUITIES> 16,544,657 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 485,163,687 <CASH> 23,158,005 <RECOVER-REINSURE> 146,134,920 <DEFERRED-ACQUISITION> 10,461,667 <TOTAL-ASSETS> 822,390,200 <POLICY-LOSSES> 291,321,518 <UNEARNED-PREMIUMS> 66,947,989 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 65,000,000 <COMMON> 11,766,265 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 233,983,396 <TOTAL-LIABILITY-AND-EQUITY> 822,390,200 <PREMIUMS> 79,381,138 <INVESTMENT-INCOME> 17,682,469 <INVESTMENT-GAINS> (462,097) <OTHER-INCOME> 3,573,231 <BENEFITS> 92,355,532 <UNDERWRITING-AMORTIZATION> 16,736,876 <UNDERWRITING-OTHER> 18,398,380 <INCOME-PRETAX> (34,182,641) <INCOME-TAX> 14,664,000 <INCOME-CONTINUING> (19,518,641) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (19,518,641) <EPS-BASIC> (1.71) <EPS-DILUTED> (1.71) <RESERVE-OPEN> 261,551,353 <PROVISION-CURRENT> 65,236,901 <PROVISION-PRIOR> 71,689,755 <PAYMENTS-CURRENT> 8,705,298 <PAYMENTS-PRIOR> 105,796,293 <RESERVE-CLOSE> 291,321,517 <CUMULATIVE-DEFICIENCY> 71,689,755