<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 1996
AND THE UNAUDITED BALANCE SHEET AS OF JUNE 30, 1996 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
<DEBT-HELD-FOR-SALE>                         2,364,145
<DEBT-CARRYING-VALUE>                        9,233,227
<DEBT-MARKET-VALUE>                          8,947,096
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              11,597,372
<CASH>                                       1,145,017
<RECOVER-REINSURE>                             369,581
<DEFERRED-ACQUISITION>                         587,501
<TOTAL-ASSETS>                              39,171,730
<POLICY-LOSSES>                             27,379,052
<UNEARNED-PREMIUMS>                          2,945,161
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  5,694,540
<COMMON>                                       102,501
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                39,171,730
<PREMIUMS>                                   3,844,810
<INVESTMENT-INCOME>                            469,779
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                 245,036
<BENEFITS>                                   2,440,036
<UNDERWRITING-AMORTIZATION>                    953,211
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                                283,000
<INCOME-TAX>                                    96,000
<INCOME-CONTINUING>                            187,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   187,000
<EPS-PRIMARY>                                     1.40
<EPS-DILUTED>                                     1.40
<RESERVE-OPEN>                              28,306,416
<PROVISION-CURRENT>                          2,440,036
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                             321,421
<PAYMENTS-PRIOR>                             4,043,957
<RESERVE-CLOSE>                             27,379,052
<CUMULATIVE-DEFICIENCY>                              0