<ARTICLE>                                           7
<LEGEND>
     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
     UNAUDITED STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 
     1996 AND THE UNAUDITED BALANCE SHEET AS OF MARCH 31, 1996 AND IS QUALIFIED
     IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-END>                                   MAR-31-1996
<DEBT-HELD-FOR-SALE>                           3,130,265
<DEBT-CARRYING-VALUE>                          9,417,822
<DEBT-MARKET-VALUE>                            9,226,605
<EQUITIES>                                     0
<MORTGAGE>                                     0
<REAL-ESTATE>                                  0
<TOTAL-INVEST>                                 12,548,087
<CASH>                                         2,718,356
<RECOVER-REINSURE>                             169,842
<DEFERRED-ACQUISITION>                         563,474
<TOTAL-ASSETS>                                 38,848,504
<POLICY-LOSSES>                                27,825,314
<UNEARNED-PREMIUMS>                            2,443,710
<POLICY-OTHER>                                 0
<POLICY-HOLDER-FUNDS>                          0
<NOTES-PAYABLE>                                0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    5,715,360
<COMMON>                                       102,501
<OTHER-SE>                                     0
<TOTAL-LIABILITY-AND-EQUITY>                   38,848,504
<PREMIUMS>                                     6,917,029
<INVESTMENT-INCOME>                            248,041
<INVESTMENT-GAINS>                             0
<OTHER-INCOME>                                 167,757
<BENEFITS>                                     1,382,313
<UNDERWRITING-AMORTIZATION>                    152,000
<UNDERWRITING-OTHER>                           696,359
<INCOME-PRETAX>                                117,824
<INCOME-TAX>                                   40,000
<INCOME-CONTINUING>                            77,824
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   77,824
<EPS-PRIMARY>                                  .76
<EPS-DILUTED>                                  .76
<RESERVE-OPEN>                                 28,306,416
<PROVISION-CURRENT>                            1,382,313
<PROVISION-PRIOR>                              0
<PAYMENTS-CURRENT>                             256,104
<PAYMENTS-PRIOR>                               2,675,602
<RESERVE-CLOSE>                                27,825,314
<CUMULATIVE-DEFICIENCY>                        0