<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> 12,631,236 <DEBT-CARRYING-VALUE> 4,337,883 <DEBT-MARKET-VALUE> 4,443,975 <EQUITIES> 3,019,824 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 26,630,424 <CASH> 3,055,571 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 0 <TOTAL-ASSETS> 33,663,554 <POLICY-LOSSES> 1,297,663 <UNEARNED-PREMIUMS> 2,868,060 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 4,950,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 315,567 <OTHER-SE> 19,491,999 <TOTAL-LIABILITY-AND-EQUITY> 33,663,554 <PREMIUMS> 3,866,481 <INVESTMENT-INCOME> 343,976 <INVESTMENT-GAINS> 2,932 <OTHER-INCOME> 857,919 <BENEFITS> 2,422,028 <UNDERWRITING-AMORTIZATION> 1,621,933 <UNDERWRITING-OTHER> 73,972 <INCOME-PRETAX> 953,375 <INCOME-TAX> 245,874 <INCOME-CONTINUING> 707,501 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 707,501 <EPS-PRIMARY> .12 <EPS-DILUTED> .12 <RESERVE-OPEN> 1,524,000 <PROVISION-CURRENT> 2,445,000 <PROVISION-PRIOR> (23,000) <PAYMENTS-CURRENT> 1,552,000 <PAYMENTS-PRIOR> 1,103,000 <RESERVE-CLOSE> 1,291,000 <CUMULATIVE-DEFICIENCY> 0