<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <DEBT-HELD-FOR-SALE> 33,197,873 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 7,242 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 33,205,115 <CASH> 10,790,490 <RECOVER-REINSURE> 166,700 <DEFERRED-ACQUISITION> 165,293 <TOTAL-ASSETS> 59,491,400 <POLICY-LOSSES> 28,030,182 <UNEARNED-PREMIUMS> 7,819,900 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,998 <OTHER-SE> 21,803,443 <TOTAL-LIABILITY-AND-EQUITY> 59,491,400 <PREMIUMS> 4,231,305 <INVESTMENT-INCOME> 1,936,459 <INVESTMENT-GAINS> 0 <OTHER-INCOME> 0 <BENEFITS> 2,861,880 <UNDERWRITING-AMORTIZATION> 1,234,083 <UNDERWRITING-OTHER> 1,639,296 <INCOME-PRETAX> 432,505 <INCOME-TAX> 204,356 <INCOME-CONTINUING> 228,149 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 228,149 <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