<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <DEBT-HELD-FOR-SALE> 49,254 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 20,524 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 89,557 <CASH> 23,789 <RECOVER-REINSURE> 613 <DEFERRED-ACQUISITION> 163,506 <TOTAL-ASSETS> 1,363,810 <POLICY-LOSSES> 60,830 <UNEARNED-PREMIUMS> 1,994 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 1,075,231 <NOTES-PAYABLE> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 10,500 <COMMON> 4,502 <OTHER-SE> 188,195 <TOTAL-LIABILITY-AND-EQUITY> 1,363,810 <PREMIUMS> 9,290 <INVESTMENT-INCOME> 6,128 <INVESTMENT-GAINS> (206) <OTHER-INCOME> 1,082 <BENEFITS> 16,541 <UNDERWRITING-AMORTIZATION> 9,266 <UNDERWRITING-OTHER> 44,237 <INCOME-PRETAX> (1,146) <INCOME-TAX> 392 <INCOME-CONTINUING> (754) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (754) <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0