<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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<DEBT-HELD-FOR-SALE>                         2,617,581<F1>
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                           0
<MORTGAGE>                                      43,760
<REAL-ESTATE>                                   10,218
<TOTAL-INVEST>                               2,746,206
<CASH>                                          11,415
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                          68,786
<TOTAL-ASSETS>                               3,655,823
<POLICY-LOSSES>                              2,143,182<F1>
<UNEARNED-PREMIUMS>                            139,368
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                          120,009
<NOTES-PAYABLE>                                166,538
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            58
<OTHER-SE>                                     430,933
<TOTAL-LIABILITY-AND-EQUITY>                 3,655,823
<PREMIUMS>                                     121,875
<INVESTMENT-INCOME>                             49,920
<INVESTMENT-GAINS>                               2,054
<OTHER-INCOME>                                       0
<BENEFITS>                                      86,919
<UNDERWRITING-AMORTIZATION>                      9,946
<UNDERWRITING-OTHER>                            23,459
<INCOME-PRETAX>                                 22,977
<INCOME-TAX>                                     6,551
<INCOME-CONTINUING>                             16,426
<DISCONTINUED>                                   (993)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    15,433
<EPS-PRIMARY>                                     0.33
<EPS-DILUTED>                                     0.32
<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 March 31, 1996.
<F2>The SEC does not require this disclosure for interim reporting.
</FN>