WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM INSURANCE
MANAGEMENT SOLUTIONS GROUP, INC. AND SUBSIDIARIES FINANCIAL STATEMENTS FOR THE
THREE MONTHS ENDED MARCH 31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY 
REFERENCE TO SUCH FORM S-1.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                               0
<SECURITIES>                                         0
<RECEIVABLES>                                1,251,564
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            10,714,698
<PP&E>                                       3,898,687
<DEPRECIATION>                               1,564,278
<TOTAL-ASSETS>                              25,418,525
<CURRENT-LIABILITIES>                       11,619,519
<BONDS>                                      1,920,647
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  6,750,000
<COMMON>                                       200,000
<OTHER-SE>                                     (21,641)
<TOTAL-LIABILITY-AND-EQUITY>                25,418,525
<SALES>                                              0
<TOTAL-REVENUES>                            10,945,939
<CGS>                                                0
<TOTAL-COSTS>                                9,494,468
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              83,190
<INCOME-PRETAX>                              1,776,419
<INCOME-TAX>                                   534,900
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,241,519
<EPS-PRIMARY>                                      .06
<EPS-DILUTED>                                      .06