<ARTICLE> 7 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> SEP-30-1995 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 199,907,677 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 7,323,656 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 230,268,654 <CASH> 2,657,265 <RECOVER-REINSURE> 6,732,545 <DEFERRED-ACQUISITION> 2,629,150 <TOTAL-ASSETS> 450,454,129 <POLICY-LOSSES> 299,905,298 <UNEARNED-PREMIUMS> 24,718,899 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 20,741,356 <COMMON> 815,215 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 91,369,602 <TOTAL-LIABILITY-AND-EQUITY> 450,454,129 <PREMIUMS> 63,560,122 <INVESTMENT-INCOME> 10,362,723 <INVESTMENT-GAINS> 30,575 <OTHER-INCOME> 8,801,216 <BENEFITS> 46,362,724 <UNDERWRITING-AMORTIZATION> 8,824,953 <UNDERWRITING-OTHER> 15,975,585 <INCOME-PRETAX> 10,059,182 <INCOME-TAX> 1,948,082 <INCOME-CONTINUING> 8,111,100 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,111,100 <EPS-PRIMARY> 0.99 <EPS-DILUTED> 0.99 <RESERVE-OPEN> 135,377,082 <PROVISION-CURRENT> 34,818,724 <PROVISION-PRIOR> 11,544,000 <PAYMENTS-CURRENT> 6,628,127 <PAYMENTS-PRIOR> 36,707,311 <RESERVE-CLOSE> 138,404,368 <CUMULATIVE-DEFICIENCY> 11,544,000