<ARTICLE> 7 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-END> DEC-31-1996 DEC-31-1995 <DEBT-HELD-FOR-SALE> 1,141,504 0 <DEBT-CARRYING-VALUE> 522,884 2,247,145 <DEBT-MARKET-VALUE> 521,940 2,246,853 <EQUITIES> 1,696,944 2,469,692 <MORTGAGE> 0 0 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 3,361,332 4,716,837 <CASH> 1,359,965 1,240,298 <RECOVER-REINSURE> 0 0 <DEFERRED-ACQUISITION> 0 0 <TOTAL-ASSETS> 5,072,319 8,156,720 <POLICY-LOSSES> 0 3,713,923 <UNEARNED-PREMIUMS> 0 1,466,279 <POLICY-OTHER> 2,173,234 0 <POLICY-HOLDER-FUNDS> 384,863 0 <NOTES-PAYABLE> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 2,453,894 2,365,728 <TOTAL-LIABILITY-AND-EQUITY> 5,072,319 8,156,720 <PREMIUMS> 2,077,351 5,323,952 <INVESTMENT-INCOME> 297,076 328,027 <INVESTMENT-GAINS> (37,286) (159,557) <OTHER-INCOME> (422,850) 0 <BENEFITS> 1,305,774 3,075,054 <UNDERWRITING-AMORTIZATION> 0 0 <UNDERWRITING-OTHER> 479,507 30,858 <INCOME-PRETAX> 129,010 1,948,286 <INCOME-TAX> 98,768 643,660 <INCOME-CONTINUING> 30,242 1,304,626 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 30,242 1,304,626 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <RESERVE-OPEN> 3,005,414 3,849,169 <PROVISION-CURRENT> 959,032 2,558,087 <PROVISION-PRIOR> (42,440) (109,365) <PAYMENTS-CURRENT> 369,070 1,197,368 <PAYMENTS-PRIOR> 1,379,702 1,386,600 <RESERVE-CLOSE> 2,173,234 3,713,923 <CUMULATIVE-DEFICIENCY> 2,317,410 2,258,357