<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <DEBT-HELD-FOR-SALE> 656,829 <DEBT-CARRYING-VALUE> 14,020 <DEBT-MARKET-VALUE> 14,180 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 29,658 <TOTAL-INVEST> 791,826 <CASH> 81,319 <RECOVER-REINSURE> 16,040<F1> <DEFERRED-ACQUISITION> 24,681 <TOTAL-ASSETS> 1,205,022 <POLICY-LOSSES> 713,473 <UNEARNED-PREMIUMS> 49,469 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 2,823 <NOTES-PAYABLE> 121,750 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 247,021 <TOTAL-LIABILITY-AND-EQUITY> 1,205,022 <PREMIUMS> 139,612 <INVESTMENT-INCOME> 9,627 <INVESTMENT-GAINS> 226 <OTHER-INCOME> 166 <BENEFITS> 114,286 <UNDERWRITING-AMORTIZATION> 8,218 <UNDERWRITING-OTHER> 33,914<F2> <INCOME-PRETAX> (9,575) <INCOME-TAX> (5,394) <INCOME-CONTINUING> (4,181) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,181) <EPS-PRIMARY> 0<F3> <EPS-DILUTED> 0<F3> <RESERVE-OPEN> 521,550 <PROVISION-CURRENT> 114,888 <PROVISION-PRIOR> (602) <PAYMENTS-CURRENT> (11,980) <PAYMENTS-PRIOR> (106,473) <RESERVE-CLOSE> 517,383 <CUMULATIVE-DEFICIENCY> (602) <FN> <F1>REINSURANCE RECOVERABLE ON PAID LOSSES. <F2>EXCLUDES INTEREST, GOODWILL AND DIVIDENDS. <F3>EPS INFORMATION NOT APPLICABLE AS BIG WAS A WHOLLY OWNED SUBSIDIARY OF FHC. </FN>