<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF INCOME AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <DEBT-HELD-FOR-SALE> 3,120,400 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 698,500 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 4,067,400 <CASH> 13,900 <RECOVER-REINSURE> 333,700 <DEFERRED-ACQUISITION> 186,200 <TOTAL-ASSETS> 5,686,700 <POLICY-LOSSES> 1,653,800 <UNEARNED-PREMIUMS> 1,295,800 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 675,900 <PREFERRED-MANDATORY> 0 <PREFERRED> 78,400 <COMMON> 72,200 <OTHER-SE> 1,356,000 <TOTAL-LIABILITY-AND-EQUITY> 5,686,700 <PREMIUMS> 732,000 <INVESTMENT-INCOME> 50,900 <INVESTMENT-GAINS> 4,900 <OTHER-INCOME> 9,400 <BENEFITS> 525,400 <UNDERWRITING-AMORTIZATION> 120,100 <UNDERWRITING-OTHER> 41,000 <INCOME-PRETAX> 87,100 <INCOME-TAX> 23,800 <INCOME-CONTINUING> 63,300 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 63,300 <EPS-PRIMARY> .85<F1> <EPS-DILUTED> .82<F1> <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>Represents basic and diluted earnings per share as required by SFAS 128, "Earnings per Share," which replaces primary and fully diluted earnings per share as previously reported. </FN>