<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS FILED HEREWITH AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <DEBT-HELD-FOR-SALE> 237 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 324 <MORTGAGE> 11 <REAL-ESTATE> 0 <TOTAL-INVEST> 572 <CASH> 425<F1> <RECOVER-REINSURE> 125 <DEFERRED-ACQUISITION> 46 <TOTAL-ASSETS> 1540 <POLICY-LOSSES> 277 <UNEARNED-PREMIUMS> 290 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 68 <PREFERRED-MANDATORY> 409 <PREFERRED> 0 <COMMON> 10 <OTHER-SE> 335 <TOTAL-LIABILITY-AND-EQUITY> 1540 <PREMIUMS> 491 <INVESTMENT-INCOME> 37 <INVESTMENT-GAINS> 14 <OTHER-INCOME> 61 <BENEFITS> 218 <UNDERWRITING-AMORTIZATION> 91 <UNDERWRITING-OTHER> 200 <INCOME-PRETAX> 97 <INCOME-TAX> 26 <INCOME-CONTINUING> 66 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 66 <EPS-PRIMARY> 3.32 <EPS-DILUTED> 3.29 <RESERVE-OPEN> 0 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 0 <CUMULATIVE-DEFICIENCY> 0 <FN> <F1>Cash includes short-term investments </FN>