<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-1-1996 <PERIOD-END> MAR-31-1996 <DEBT-HELD-FOR-SALE> 35,952,238 <DEBT-CARRYING-VALUE> 33,081,196 <DEBT-MARKET-VALUE> 32,671,006 <EQUITIES> 24,893,270 <MORTGAGE> 0 <REAL-ESTATE> 3,979,181 <TOTAL-INVEST> 101,538,099 <CASH> 2,096,386 <RECOVER-REINSURE> 166,390 <DEFERRED-ACQUISITION> 6,121,461 <TOTAL-ASSETS> 171,096,184 <POLICY-LOSSES> 91,606,255 <UNEARNED-PREMIUMS> 34,025,793 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 6,330,000 <COMMON> 658,902 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 171,096,184 <PREMIUMS> 15,039,411 <INVESTMENT-INCOME> 1,195,497 <INVESTMENT-GAINS> 722,125 <OTHER-INCOME> 52,210 <BENEFITS> 9,364,976 <UNDERWRITING-AMORTIZATION> 2,918,235 <UNDERWRITING-OTHER> 1,346,690 <INCOME-PRETAX> 1,198,135 <INCOME-TAX> 367,400 <INCOME-CONTINUING> 830,735 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 830,735 <EPS-PRIMARY> .14 <EPS-DILUTED> .13 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0