<ARTICLE> 7 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <DEBT-HELD-FOR-SALE> 2,614,742<F1> <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 42,894 <REAL-ESTATE> 8,549 <TOTAL-INVEST> 2,737,968 <CASH> 12,027 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 75,173 <TOTAL-ASSETS> 3,746,285 <POLICY-LOSSES> 2,151,705<F1> <UNEARNED-PREMIUMS> 154,489 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 120,516 <NOTES-PAYABLE> 149,555 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 58 <OTHER-SE> 450,778 <TOTAL-LIABILITY-AND-EQUITY> 3,746,285 <PREMIUMS> 372,486 <INVESTMENT-INCOME> 148,642 <INVESTMENT-GAINS> 2,603 <OTHER-INCOME> 0 <BENEFITS> 261,172 <UNDERWRITING-AMORTIZATION> 30,236 <UNDERWRITING-OTHER> 71,763 <INCOME-PRETAX> 71,493 <INCOME-TAX> 19,078 <INCOME-CONTINUING> 52,415 <DISCONTINUED> (3,577) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 48,838 <EPS-PRIMARY> 1.04 <EPS-DILUTED> 1.03 <RESERVE-OPEN> 0<F2> <PROVISION-CURRENT> 0<F2> <PROVISION-PRIOR> 0<F2> <PAYMENTS-CURRENT> 0<F2> <PAYMENTS-PRIOR> 0<F2> <RESERVE-CLOSE> 0<F2> <CUMULATIVE-DEFICIENCY> 0<F2> <FN> <F1>Refer to the Company's Consolidated Balance Sheet as of September 30, 1996. <F2>The SEC does not require this disclosure for interim reporting. </FN>