<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996
AND THE UANUDITED BALANCE SHEET AS OF SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<DEBT-HELD-FOR-SALE>                         2,358,739
<DEBT-CARRYING-VALUE>                        7,393,157
<DEBT-MARKET-VALUE>                          7,081,413
<EQUITIES>                                           0
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                               9,751,896
<CASH>                                       2,311,149
<RECOVER-REINSURE>                             403,700
<DEFERRED-ACQUISITION>                         412,544
<TOTAL-ASSETS>                              39,098,658
<POLICY-LOSSES>                             25,612,542
<UNEARNED-PREMIUMS>                          3,056,013
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  5,669,350
<COMMON>                                       102,501
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                39,098,658
<PREMIUMS>                                   6,488,665
<INVESTMENT-INCOME>                            625,476
<INVESTMENT-GAINS>                            (24,385)
<OTHER-INCOME>                                 324,513
<BENEFITS>                                   3,842,383
<UNDERWRITING-AMORTIZATION>                  1,540,712
<UNDERWRITING-OTHER>                         1,629,127
<INCOME-PRETAX>                                450,817
<INCOME-TAX>                                   234,297
<INCOME-CONTINUING>                            216,520
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   216,520
<EPS-PRIMARY>                                     1.68
<EPS-DILUTED>                                     1.68
<RESERVE-OPEN>                              28,306,416
<PROVISION-CURRENT>                          3,842,383
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                             712,280
<PAYMENTS-PRIOR>                             9,209,925
<RESERVE-CLOSE>                             25,612,542
<CUMULATIVE-DEFICIENCY>                              0