<ARTICLE> 7 <LEGEND> This schedule contains summary financial information extracted from Statements of Financial Position; Statements of Operations; and Statements of Cash Flows and is qualified in its entirety by reference to such financial statements.</LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-01-1996 JAN-01-1995 <PERIOD-END> MAR-31-1996 DEC-31-1995 <DEBT-HELD-FOR-SALE> 1,334,675 1,424,893 <DEBT-CARRYING-VALUE> 0 0 <DEBT-MARKET-VALUE> 0 0 <EQUITIES> 0 0 <MORTGAGE> 85,454 86,394 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 1,451,151 1,541,329 <CASH> 1,541 1,472 <RECOVER-REINSURE> 3,548 3,331 <DEFERRED-ACQUISITION> 55,550 53,944 <TOTAL-ASSETS> 1,766,625 1,842,969 <POLICY-LOSSES> 811,450 838,739 <UNEARNED-PREMIUMS> 0 0 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 506,817 499,548 <NOTES-PAYABLE> 0 0 <COMMON> 2,000 2,000 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 208,326 248,067 <TOTAL-LIABILITY-AND-EQUITY> 1,766,625 1,842,969 <PREMIUMS> 28,804 148,316 <INVESTMENT-INCOME> 27,594 104,384 <INVESTMENT-GAINS> (69) 1,846 <OTHER-INCOME> 0 0 <BENEFITS> 43,017 198,055 <UNDERWRITING-AMORTIZATION> 1,147 5,502 <UNDERWRITING-OTHER> 0 0 <INCOME-PRETAX> 7,692 29,433 <INCOME-TAX> 2,767 9,911 <INCOME-CONTINUING> 4,925 19,522 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 4,925 19,522 <EPS-PRIMARY> 61.56 244.03 <EPS-DILUTED> 61.56 244.03 <RESERVE-OPEN> 5,009 3,527 <PROVISION-CURRENT> 3,527 10,806 <PROVISION-PRIOR> 53 134 <PAYMENTS-CURRENT> 4,166 9,397 <PAYMENTS-PRIOR> 93 60 <RESERVE-CLOSE> 4,330 5,009 <CUMULATIVE-DEFICIENCY> 0 0