<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> 36,956,790 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 14,835 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 10,081,008 <CASH> 0 <RECOVER-REINSURE> 1,388,283 <DEFERRED-ACQUISITION> 177,959 <TOTAL-ASSETS> 64,836,883 <POLICY-LOSSES> 30,190,947 <UNEARNED-PREMIUMS> 7,864,600 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,998 <OTHER-SE> 20,829,085 <TOTAL-LIABILITY-AND-EQUITY> 64,836,883 <PREMIUMS> 1,785,627 <INVESTMENT-INCOME> 708,134 <INVESTMENT-GAINS> (2,204) <OTHER-INCOME> 0 <BENEFITS> 1,885,092 <UNDERWRITING-AMORTIZATION> 0 <UNDERWRITING-OTHER> 768,899 <INCOME-PRETAX> (162,434) <INCOME-TAX> (61,208) <INCOME-CONTINUING> (101,226) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (101,226) <EPS-PRIMARY> (.05) <EPS-DILUTED> (.05) <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0