<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM INSURANCE MANAGEMENT SOLUTIONS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH S-1 </LEGEND> <RESTATED> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 115,070 <SECURITIES> 0 <RECEIVABLES> 1,218,741 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,276,694 <PP&E> 3,666,915 <DEPRECIATION> (1,335,579) <TOTAL-ASSETS> 19,531,705 <CURRENT-LIABILITIES> 10,425,061 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 6,750,000 <COMMON> 200,000 <OTHER-SE> (30,009) <TOTAL-LIABILITY-AND-EQUITY> 19,531,705 <SALES> 0 <TOTAL-REVENUES> 38,505,979 <CGS> 0 <TOTAL-COSTS> 32,806,473 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 378,660 <INCOME-PRETAX> 5,521,855 <INCOME-TAX> 2,112,200 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,409,655 <EPS-PRIMARY> .17 <EPS-DILUTED> .17