<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, 1998 AND IS QUALIFIED ON ITS ENTIRETY
BY REFERENCE TO SUCH FORM 10-K.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                       1,868,867
<SECURITIES>                                         0
<RECEIVABLES>                                3,549,044
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            13,268,042
<PP&E>                                      12,733,910
<DEPRECIATION>                              (4,226,013)
<TOTAL-ASSETS>                              39,901,855
<CURRENT-LIABILITIES>                       17,562,874
<BONDS>                                     12,998,216
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       105,242
<OTHER-SE>                                   8,583,921
<TOTAL-LIABILITY-AND-EQUITY>                39,901,855
<SALES>                                              0
<TOTAL-REVENUES>                            63,792,497
<CGS>                                                0
<TOTAL-COSTS>                               54,685,945
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           2,194,353
<INCOME-PRETAX>                              6,895,391
<INCOME-TAX>                                 3,042,400
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 3,852,991
<EPS-PRIMARY>                                      .38
<EPS-DILUTED>                                      .38