<ARTICLE> 7 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 <PERIOD-START> APR-01-1996 JAN-01-1996 <PERIOD-END> JUN-30-1996 JUN-30-1996 <DEBT-HELD-FOR-SALE> 3,616,959 3,616,959 <DEBT-CARRYING-VALUE> 0 0 <DEBT-MARKET-VALUE> 0 0 <EQUITIES> 397,445 397,445 <MORTGAGE> 33,747 33,747 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 4,208,543 4,208,543 <CASH> 13,486 13,486 <RECOVER-REINSURE> 173,854 173,854 <DEFERRED-ACQUISITION> 208,760 208,760 <TOTAL-ASSETS> 5,482,912 5,482,912 <POLICY-LOSSES> 2,912,815 2,912,815 <UNEARNED-PREMIUMS> 729,059 729,059 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 0 0 <NOTES-PAYABLE> 299,414 299,414 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 304,792 304,792 <OTHER-SE> 914,039 914,039 <TOTAL-LIABILITY-AND-EQUITY> 5,482,912 5,482,912 <PREMIUMS> 424,483 848,477 <INVESTMENT-INCOME> 66,156 134,489 <INVESTMENT-GAINS> 7,374 28,470 <OTHER-INCOME> 0 0 <BENEFITS> 332,342 655,905 <UNDERWRITING-AMORTIZATION> 83,928 172,045 <UNDERWRITING-OTHER> 47,955 94,801 <INCOME-PRETAX> 31,953 86,850 <INCOME-TAX> 2,194 10,178 <INCOME-CONTINUING> 0 0 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 29,759 76,672 <EPS-PRIMARY> .55 1.48 <EPS-DILUTED> .55 1.48 <RESERVE-OPEN> 0 0 <PROVISION-CURRENT> 0 0 <PROVISION-PRIOR> 0 0 <PAYMENTS-CURRENT> 0 0 <PAYMENTS-PRIOR> 0 0 <RESERVE-CLOSE> 0 0 <CUMULATIVE-DEFICIENCY> 0 0