<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <DEBT-HELD-FOR-SALE> 40,674,750 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 14,319 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 6,222,485 <CASH> 1,078,597 <RECOVER-REINSURE> 598,924 <DEFERRED-ACQUISITION> 198,839 <TOTAL-ASSETS> 65,282,308 <POLICY-LOSSES> 30,551,985 <UNEARNED-PREMIUMS> 8,247,662 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,998 <OTHER-SE> 20,655,541 <TOTAL-LIABILITY-AND-EQUITY> 65,282,308 <PREMIUMS> 3,703,504 <INVESTMENT-INCOME> 1,416,558 <INVESTMENT-GAINS> (2,204) <OTHER-INCOME> 0 <BENEFITS> 4,236,139 <UNDERWRITING-AMORTIZATION> 0 <UNDERWRITING-OTHER> 1,551,123 <INCOME-PRETAX> (669,404) <INCOME-TAX> (237,591) <INCOME-CONTINUING> (431,813) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (431,813) <EPS-PRIMARY> (.22) <EPS-DILUTED> (.22) <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0