<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