<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <DEBT-HELD-FOR-SALE> 58,013 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 21,197 <MORTGAGE> 131 <REAL-ESTATE> 0 <TOTAL-INVEST> 114,802 <CASH> 19,520 <RECOVER-REINSURE> 918 <DEFERRED-ACQUISITION> 143,477 <TOTAL-ASSETS> 1,274,132 <POLICY-LOSSES> 97,180 <UNEARNED-PREMIUMS> 735 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 1,005,548 <NOTES-PAYABLE> 41,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 10,500 <COMMON> 4,502 <OTHER-SE> 96,447 <TOTAL-LIABILITY-AND-EQUITY> 1,274,132 <PREMIUMS> 1,950 <INVESTMENT-INCOME> 1,634 <INVESTMENT-GAINS> (82) <OTHER-INCOME> 201 <BENEFITS> 5,176 <UNDERWRITING-AMORTIZATION> 1,326 <UNDERWRITING-OTHER> 10,909 <INCOME-PRETAX> (2,751) <INCOME-TAX> (990) <INCOME-CONTINUING> (1,761) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,761) <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