<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF PICOM INSURANCE COMPANY AS OF DEC. 31, 1995
AND 1994, AND FOR THE THREE YEAR PERIOD THEN ENDED AND THE CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS OF PICOM INSURANCE COMPANY AS OF JUNE 30, 1996
AND DEC. 31, 1995, AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 1996 AND 1995
</LEGEND>
<PERIOD-TYPE> 6-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995
<PERIOD-START> JAN-01-1996 JAN-01-1995
<PERIOD-END> JUN-30-1996 DEC-31-1995
<DEBT-HELD-FOR-SALE> 255,942 259,979
<DEBT-CARRYING-VALUE> 0 0
<DEBT-MARKET-VALUE> 0 0
<EQUITIES> 3,030 2,641
<MORTGAGE> 0 0
<REAL-ESTATE> 465 475
<TOTAL-INVEST> 277,014 280,607
<CASH> 692 1,279
<RECOVER-REINSURE> 103 48
<DEFERRED-ACQUISITION> 1,087 1,092
<TOTAL-ASSETS> 336,143 330,712
<POLICY-LOSSES> 206,811 199,605
<UNEARNED-PREMIUMS> 23,136 23,122
<POLICY-OTHER> 14,182 14,082
<POLICY-HOLDER-FUNDS> 0 0
<NOTES-PAYABLE> 0 0
<PREFERRED-MANDATORY> 0 0
<PREFERRED> 0 0
<COMMON> 3,239 3,239
<OTHER-SE> 76,880 75,172
<TOTAL-LIABILITY-AND-EQUITY> 336,143 330,712
<PREMIUMS> 28,424 55,684
<INVESTMENT-INCOME> 7,705 14,729
<INVESTMENT-GAINS> (376) (6)
<OTHER-INCOME> 171 165
<BENEFITS> 24,581 36,902
<UNDERWRITING-AMORTIZATION> 0 0
<UNDERWRITING-OTHER> 5,416 9,328
<INCOME-PRETAX> 5,927 24,342
<INCOME-TAX> 1,441 8,276
<INCOME-CONTINUING> 4,486 16,066
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 (8,125)
<NET-INCOME> 4,486 7,941
<EPS-PRIMARY> 1.42 2.55
<EPS-DILUTED> 1.42 2.55
<RESERVE-OPEN> 199,605 188,544
<PROVISION-CURRENT> 34,176 63,027
<PROVISION-PRIOR> (9,695) (27,469)
<PAYMENTS-CURRENT> 353 3,053
<PAYMENTS-PRIOR> 18,129 44,180
<RESERVE-CLOSE> 206,811 199,605
<CUMULATIVE-DEFICIENCY> 0 0