<ARTICLE> 7 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <DEBT-HELD-FOR-SALE> 2,291,879,190 <DEBT-CARRYING-VALUE> 2,291,879,190 <DEBT-MARKET-VALUE> 2,291,879,190 <EQUITIES> 859,474,835 <MORTGAGE> 0 <REAL-ESTATE> 22,423,125 <TOTAL-INVEST> 3,173,777,150 <CASH> 54,205,850 <RECOVER-REINSURE> 108,962,306 <DEFERRED-ACQUISITION> 126,063,105 <TOTAL-ASSETS> 3,778,781,705 <POLICY-LOSSES> 1,483,807,193 <UNEARNED-PREMIUMS> 495,075,999 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 34,148,430 <NOTES-PAYABLE> 40,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,850,484 <OTHER-SE> 1,308,978,681 <TOTAL-LIABILITY-AND-EQUITY> 3,778,781,705 <PREMIUMS> 1,208,973,644 <INVESTMENT-INCOME> 177,700,834 <INVESTMENT-GAINS> 50,748,606 <OTHER-INCOME> 0 <BENEFITS> 864,642,003 <UNDERWRITING-AMORTIZATION> 303,493,633 <UNDERWRITING-OTHER> 95,830,257 <INCOME-PRETAX> 173,457,191 <INCOME-TAX> 43,065,298 <INCOME-CONTINUING> 130,391,893 <DISCONTINUED> 8,655,340 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 139,047,233 <EPS-PRIMARY> 4.06 <EPS-DILUTED> 4.06 <RESERVE-OPEN> 1,482,900,208 <PROVISION-CURRENT> 382,999,209 <PROVISION-PRIOR> 1,065,199,225 <PAYMENTS-CURRENT> 310,752,838 <PAYMENTS-PRIOR> 386,370,376 <RESERVE-CLOSE> 1,448,198,434 <CUMULATIVE-DEFICIENCY> (31,330,607)