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