<ARTICLE> 7 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 0 <DEBT-CARRYING-VALUE> 5,627,256 <DEBT-MARKET-VALUE> 109,723,050 <EQUITIES> 50,155 <MORTGAGE> 1,672,522 <REAL-ESTATE> 920,345 <TOTAL-INVEST> 138,311,136 <CASH> 6,085,383 <RECOVER-REINSURE> 1,773,541 <DEFERRED-ACQUISITION> 36,933,753 <TOTAL-ASSETS> 214,454,826 <POLICY-LOSSES> 132,401,079 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 8,731,779 <POLICY-HOLDER-FUNDS> 1,958,992 <NOTES-PAYABLE> 489,166 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 46,224,814 <OTHER-SE> 20,658,202 <TOTAL-LIABILITY-AND-EQUITY> 214,454,826 <PREMIUMS> 53,914,361 <INVESTMENT-INCOME> 9,185,506 <INVESTMENT-GAINS> 226,212 <OTHER-INCOME> 136,566 <BENEFITS> 37,164,938 <UNDERWRITING-AMORTIZATION> 11,620,776 <UNDERWRITING-OTHER> 11,417,415 <INCOME-PRETAX> 3,619,031 <INCOME-TAX> 1,405,305 <INCOME-CONTINUING> 2,213,726 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,213,726 <EPS-PRIMARY> .11 <EPS-DILUTED> .11 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0