<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 1996; STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 1996; STATEMENTS OF SHAREHOLDER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 1996; AND STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 1,500,783 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 84,657 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,636,654 <CASH> 1,027 <RECOVER-REINSURE> 2,566 <DEFERRED-ACQUISITION> 61,559 <TOTAL-ASSETS> 1,990,284 <POLICY-LOSSES> 0 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 911,457 <POLICY-HOLDER-FUNDS> 572,480 <NOTES-PAYABLE> 0 <COMMON> 2,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 231,067 <TOTAL-LIABILITY-AND-EQUITY> 1,990,284 <PREMIUMS> 91,825 <INVESTMENT-INCOME> 112,862 <INVESTMENT-GAINS> (1,581) <OTHER-INCOME> 25,281 <BENEFITS> 172,772 <UNDERWRITING-AMORTIZATION> 6,512 <UNDERWRITING-OTHER> 16,874 <INCOME-PRETAX> 32,229 <INCOME-TAX> 11,668 <INCOME-CONTINUING> 20,561 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 20,561 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0