<ARTICLE> 7 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <DEBT-HELD-FOR-SALE> 215,017,000 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 46,190,000 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 382,579,000 <CASH> 275,323,000 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 11,997,000 <TOTAL-ASSETS> 2,060,699,000 <POLICY-LOSSES> 270,520,000 <UNEARNED-PREMIUMS> 0 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 199,932,000 <PREFERRED-MANDATORY> 63,347,000 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 730,258,000 <TOTAL-LIABILITY-AND-EQUITY> 2,060,699,000 <PREMIUMS> 635,865,000 <INVESTMENT-INCOME> 10,309,000 <INVESTMENT-GAINS> 0 <OTHER-INCOME> 0 <BENEFITS> 30,123,000 <UNDERWRITING-AMORTIZATION> 0 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 1,802,000 <INCOME-TAX> 800,000 <INCOME-CONTINUING> 1,002,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,002,000 <EPS-BASIC> (.02) <EPS-DILUTED> (.02) <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0