<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> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <DEBT-HELD-FOR-SALE> 2,589,559<F1> <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 0 <MORTGAGE> 43,228 <REAL-ESTATE> 10,373 <TOTAL-INVEST> 2,709,992 <CASH> 13,712 <RECOVER-REINSURE> 0 <DEFERRED-ACQUISITION> 71,796 <TOTAL-ASSETS> 3,676,497 <POLICY-LOSSES> 2,150,964<F1> <UNEARNED-PREMIUMS> 140,968 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 119,705 <NOTES-PAYABLE> 157,546 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 58 <OTHER-SE> 426,941 <TOTAL-LIABILITY-AND-EQUITY> 3,676,497 <PREMIUMS> 246,330 <INVESTMENT-INCOME> 99,191 <INVESTMENT-GAINS> 2,735 <OTHER-INCOME> 0 <BENEFITS> 172,150 <UNDERWRITING-AMORTIZATION> 19,930 <UNDERWRITING-OTHER> 48,119 <INCOME-PRETAX> 48,267 <INCOME-TAX> 13,744 <INCOME-CONTINUING> 34,523 <DISCONTINUED> (2,009) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 32,514 <EPS-PRIMARY> 0.69 <EPS-DILUTED> 0.68 <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 June 30, 1996. <F2>The SEC does not require this disclosure for interim reporting. </FN>