<ARTICLE> 7
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-01-1997
<DEBT-HELD-FOR-SALE>                        28,652,247
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                       8,241
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              28,660,488
<CASH>                                      16,198,618
<RECOVER-REINSURE>                           7,599,876
<DEFERRED-ACQUISITION>                          97,928
<TOTAL-ASSETS>                              61,304,246
<POLICY-LOSSES>                             32,503,148
<UNEARNED-PREMIUMS>                          6,475,064
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        19,998
<OTHER-SE>                                  20,584,855
<TOTAL-LIABILITY-AND-EQUITY>                61,304,246
<PREMIUMS>                                   1,404,234
<INVESTMENT-INCOME>                            641,256
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                       0
<BENEFITS>                                   1,595,961
<UNDERWRITING-AMORTIZATION>                    410,256
<UNDERWRITING-OTHER>                           538,072
<INCOME-PRETAX>                              (498,799)
<INCOME-TAX>                                 (173,437)
<INCOME-CONTINUING>                          (325,362)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (325,362)
<EPS-PRIMARY>                                   (0.16)
<EPS-DILUTED>                                   (0.16)
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0