<ARTICLE> 7 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 193,991,867 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 6,664,400 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 214,217,198 <CASH> 1,478,357 <RECOVER-REINSURE> 11,784,855 <DEFERRED-ACQUISITION> 2,746,899 <TOTAL-ASSETS> 448,308,185 <POLICY-LOSSES> 301,058,329 <UNEARNED-PREMIUMS> 26,437,164 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 21,942,034 <COMMON> 815,140 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 86,890,668 <TOTAL-LIABILITY-AND-EQUITY> 448,308,185 <PREMIUMS> 38,651,948 <INVESTMENT-INCOME> 6,854,102 <INVESTMENT-GAINS> 314,370 <OTHER-INCOME> 5,963,710 <BENEFITS> 27,597,167 <UNDERWRITING-AMORTIZATION> 5,866,116 <UNDERWRITING-OTHER> 11,132,653 <INCOME-PRETAX> 6,114,610 <INCOME-TAX> 1,083,258 <INCOME-CONTINUING> 5,031,352 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,031,352 <EPS-PRIMARY> 0.61 <EPS-DILUTED> 0.61 <RESERVE-OPEN> 135,377,082 <PROVISION-CURRENT> 21,479,776 <PROVISION-PRIOR> 6,117,390 <PAYMENTS-CURRENT> 2,089,776 <PAYMENTS-PRIOR> 26,411,755 <RESERVE-CLOSE> 134,472,717 <CUMULATIVE-DEFICIENCY> 6,117,390