<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