<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1997 DEC-31-1997 <PERIOD-START> JAN-01-1998 JAN-01-1997 JAN-01-1997 <PERIOD-END> MAR-31-1998 DEC-31-1997 MAR-31-1997 <DEBT-HELD-FOR-SALE> 149,287 147,911 0 <DEBT-CARRYING-VALUE> 0 0 0 <DEBT-MARKET-VALUE> 0 0 0 <EQUITIES> 0 0 0 <MORTGAGE> 0 0 0 <REAL-ESTATE> 2,488 2,574 0 <TOTAL-INVEST> 156,268 151,505 0 <CASH> 1,492 4,220 0 <RECOVER-REINSURE> 6,893,596 6,859,937 0 <DEFERRED-ACQUISITION> 0 0 0 <TOTAL-ASSETS> 7,645,721 7,507,203 0 <POLICY-LOSSES> 0 0 0 <UNEARNED-PREMIUMS> 0 0 0 <POLICY-OTHER> 276,030 252,195 0 <POLICY-HOLDER-FUNDS> 6,617,167 6,607,130 0 <NOTES-PAYABLE> 0 0 0 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 2,500 2,500 0 <OTHER-SE> 150,516 148,834 0 <TOTAL-LIABILITY-AND-EQUITY> 7,645,721 7,507,203 0 <PREMIUMS> 0 0 0 <INVESTMENT-INCOME> 2,566 0 2,462 <INVESTMENT-GAINS> 0 0 1 <OTHER-INCOME> 13 0 0 <BENEFITS> 0 0 0 <UNDERWRITING-AMORTIZATION> 0 0 0 <UNDERWRITING-OTHER> 0 0 84 <INCOME-PRETAX> 2,579 0 2,379 <INCOME-TAX> 912 0 831 <INCOME-CONTINUING> 0 0 0 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 1,667 0 1,548 <EPS-PRIMARY> 0 0 0 <EPS-DILUTED> 0 0 0 <RESERVE-OPEN> 0 0 0 <PROVISION-CURRENT> 0 0 0 <PROVISION-PRIOR> 0 0 0 <PAYMENTS-CURRENT> 0 0 0 <PAYMENTS-PRIOR> 0 0 0 <RESERVE-CLOSE> 0 0 0 <CUMULATIVE-DEFICIENCY> 0 0 0