<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> <MULTIPLIER> 1,000 <CURRENCY> US DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 4,219,000 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 1,013,400 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 5,674,300 <CASH> 18,600 <RECOVER-REINSURE> 281,000 <DEFERRED-ACQUISITION> 299,100 <TOTAL-ASSETS> 8,463,100 <POLICY-LOSSES> 2,188,600 <UNEARNED-PREMIUMS> 2,329,700 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 776,600 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 72,500 <OTHER-SE> 2,484,600 <TOTAL-LIABILITY-AND-EQUITY> 8,463,100 <PREMIUMS> 4,948,000 <INVESTMENT-INCOME> 287,400 <INVESTMENT-GAINS> 11,400 <OTHER-INCOME> 38,200 <BENEFITS> 3,376,300 <UNDERWRITING-AMORTIZATION> 659,900 <UNDERWRITING-OTHER> 495,800 <INCOME-PRETAX> 661,100 <INCOME-TAX> 204,400 <INCOME-CONTINUING> 456,700 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 456,700 <EPS-PRIMARY> 6.30 <EPS-DILUTED> 6.11 <RESERVE-OPEN> 1,867,500 <PROVISION-CURRENT> 3,560,500 <PROVISION-PRIOR> (184,200) <PAYMENTS-CURRENT> 2,376,000 <PAYMENTS-PRIOR> 922,000 <RESERVE-CLOSE> 1,945,800 <CUMULATIVE-DEFICIENCY> (184,200)