<ARTICLE>  7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM STATEMENTS
OF FINANCIAL  POSITION,\STATEMENTS  OF OPERATIONS AND UNASSIGNED  DEFICIT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                           
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                            DEC-31-1997
<PERIOD-START>                               JAN-01-1997
<PERIOD-END>                                 DEC-31-1997
<DEBT-HELD-FOR-SALE>                       1,092,748,321
<DEBT-CARRYING-VALUE>                                  0
<DEBT-MARKET-VALUE>                                    0
<EQUITIES>                                    98,548,846
<MORTGAGE>                                   273,899,373
<REAL-ESTATE>                                 39,876,078
<TOTAL-INVEST>                             1,505,072,618
<CASH>                                       143,148,667
<RECOVER-REINSURE>                                     0
<DEFERRED-ACQUISITION>                                 0
<TOTAL-ASSETS>                             6,521,478,093
<POLICY-LOSSES>                            1,135,427,257
<UNEARNED-PREMIUMS>                                    0
<POLICY-OTHER>                                         0
<POLICY-HOLDER-FUNDS>                         22,791,858
<NOTES-PAYABLE>                                        0
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                       2,500,000
<OTHER-SE>                                   319,207,138
<TOTAL-LIABILITY-AND-EQUITY>               6,521,478,093
<PREMIUMS>                                   872,704,387
<INVESTMENT-INCOME>                           89,664,115
<INVESTMENT-GAINS>                           (3,046,044)
<OTHER-INCOME>                               420,458,915
<BENEFITS>                                 1,078,503,534
<UNDERWRITING-AMORTIZATION>                            0
<UNDERWRITING-OTHER>                                   0
<INCOME-PRETAX>                               66,003,817
<INCOME-TAX>                                  38,458,153
<INCOME-CONTINUING>                                    0
<DISCONTINUED>                                         0
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                  27,545,664
<EPS-PRIMARY>                                          0
<EPS-DILUTED>                                          0
<RESERVE-OPEN>                                         0
<PROVISION-CURRENT>                                    0
<PROVISION-PRIOR>                                      0
<PAYMENTS-CURRENT>                                     0
<PAYMENTS-PRIOR>                                       0
<RESERVE-CLOSE>                                        0
<CUMULATIVE-DEFICIENCY>                                0