<ARTICLE> 7 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-END> MAR-31-1997 MAR-31-1996 <DEBT-HELD-FOR-SALE> 1,132,273 1,549,448 <DEBT-CARRYING-VALUE> 423,918 595,863 <DEBT-MARKET-VALUE> 423,918 595,863 <EQUITIES> 247 2,438,645 <MORTGAGE> 0 0 <REAL-ESTATE> 0 0 <TOTAL-INVEST> 1,556,438 4,583,956 <CASH> 2,494,299 1,495,584 <RECOVER-REINSURE> 0 0 <DEFERRED-ACQUISITION> 0 0 <TOTAL-ASSETS> 5,105,067 7,823,050 <POLICY-LOSSES> 2,345,052 3,439,700 <UNEARNED-PREMIUMS> 0 1,223,856 <POLICY-OTHER> 0 0 <POLICY-HOLDER-FUNDS> 324,268 0 <NOTES-PAYABLE> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 2,402,879 2,754,427 <TOTAL-LIABILITY-AND-EQUITY> 5,105,067 7,823,050 <PREMIUMS> 0 1,249,862 <INVESTMENT-INCOME> 51,961 65,128 <INVESTMENT-GAINS> 0 983 <OTHER-INCOME> (9,959) (167,692) <BENEFITS> 0 466,230 <UNDERWRITING-AMORTIZATION> 0 0 <UNDERWRITING-OTHER> 9,000 12,437 <INCOME-PRETAX> (51,868) 566,724 <INCOME-TAX> (8,551) 236,468 <INCOME-CONTINUING> (43,317) 330,256 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (43,317) 330,256 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <RESERVE-OPEN> 2,834,220 3,713,923 <PROVISION-CURRENT> 0 185,445 <PROVISION-PRIOR> 0 141,136 <PAYMENTS-CURRENT> 0 52,361 <PAYMENTS-PRIOR> 489,168 548,443 <RESERVE-CLOSE> 2,345,052 3,439,700 <CUMULATIVE-DEFICIENCY> 2,317,410 2,258,357