<ARTICLE> 7 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <DEBT-HELD-FOR-SALE> 585,459 <DEBT-CARRYING-VALUE> 214,939 <DEBT-MARKET-VALUE> 224,194 <EQUITIES> 878 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 860,794 <CASH> 5,015 <RECOVER-REINSURE> 1,694 <DEFERRED-ACQUISITION> 94,123 <TOTAL-ASSETS> 1,093,550 <POLICY-LOSSES> 30,595 <UNEARNED-PREMIUMS> 283,020 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 124,750 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,922 <OTHER-SE> 552,474 <TOTAL-LIABILITY-AND-EQUITY> 1,093,550 <PREMIUMS> 62,080 <INVESTMENT-INCOME> 37,530 <INVESTMENT-GAINS> (2,433) <OTHER-INCOME> 22,536 <BENEFITS> 6,886 <UNDERWRITING-AMORTIZATION> 21,576 <UNDERWRITING-OTHER> 0 <INCOME-PRETAX> 65,393 <INCOME-TAX> 17,120 <INCOME-CONTINUING> 48,273 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 48,273 <EPS-PRIMARY> 2.51 <EPS-DILUTED> 2.48 <RESERVE-OPEN> 28,081 <PROVISION-CURRENT> 0 <PROVISION-PRIOR> 0 <PAYMENTS-CURRENT> 0 <PAYMENTS-PRIOR> 0 <RESERVE-CLOSE> 30,595 <CUMULATIVE-DEFICIENCY> 0