<ARTICLE> 7 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1998 <DEBT-HELD-FOR-SALE> 1,269,444 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 1,269,444 <CASH> 333,564 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 0 <TOTAL-ASSETS> 2,104,854 <POLICY-LOSSES> 56,506 <UNEARNED-PREMIUMS> 52,480 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 9,513 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 503,384 <OTHER-SE> 1,412,883 <TOTAL-LIABILITY-AND-EQUITY> 2,104,854 <PREMIUMS> 139,872 <INVESTMENT-INCOME> 38,845 <INVESTMENT-GAINS> 0 <OTHER-INCOME> 72,213 <BENEFITS> 79,040 <UNDERWRITING-AMORTIZATION> 9,791 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> (155,970) <INCOME-TAX> (60,828) <INCOME-CONTINUING> (95,142) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (95,142) <EPS-PRIMARY> (.18) <EPS-DILUTED> (.18) <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0