<ARTICLE> 7 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR YEAR YEAR <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 DEC-31-1995 <PERIOD-END> DEC-31-1997 DEC-31-1996 DEC-31-1995 <DEBT-HELD-FOR-SALE> 20,945,219 20,107,863 0 <DEBT-CARRYING-VALUE> 0 0 0 <DEBT-MARKET-VALUE> 0 0 0 <EQUITIES> 1,052,370 823,628 0 <MORTGAGE> 640,734 406,377 0 <REAL-ESTATE> 985,317 1,247,673 0 <TOTAL-INVEST> 25,980,033 24,441,938 0 <CASH> 113,175 109,855 0 <RECOVER-REINSURE> 128,422 164,618 0 <DEFERRED-ACQUISITION> 872,460 857,560 0 <TOTAL-ASSETS> 37,358,828 35,146,236 0 <POLICY-LOSSES> 21,969,130 21,440,625 0 <UNEARNED-PREMIUMS> 3,528,234 3,679,752 0 <POLICY-OTHER> 0 0 0 <POLICY-HOLDER-FUNDS> 0 0 0 <NOTES-PAYABLE> 1,304,008 1,170,676 0 <PREFERRED-MANDATORY> 502,700 307,000 0 <PREFERRED> 16,725 16,063 0 <COMMON> 2,057,108 1,895,608 0 <OTHER-SE> 4,534,335 3,735,789 0 <TOTAL-LIABILITY-AND-EQUITY> 37,358,828 35,146,236 0 <PREMIUMS> 7,298,100 7,178,682 6,637,136 <INVESTMENT-INCOME> 1,577,805 1,512,575 1,474,068 <INVESTMENT-GAINS> 423,048 261,989 91,807 <OTHER-INCOME> 324,226 278,291 311,949 <BENEFITS> 5,370,369 5,466,302 5,010,663 <UNDERWRITING-AMORTIZATION> 1,709,039 1,682,788 1,570,526 <UNDERWRITING-OTHER> 1,208,063 1,091,349 1,037,029 <INCOME-PRETAX> 1,335,708 991,098 896,742 <INCOME-TAX> 338,666 150,637 128,711 <INCOME-CONTINUING> 997,042 840,461 768,031 <DISCONTINUED> (67,750) (107,759) (16,639) <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 929,292 732,702 751,392 <EPS-PRIMARY> 3.97 3.01 3.08 <EPS-DILUTED> 3.69 2.84 2.89 <RESERVE-OPEN> 17,888,536 16,559,200 15,827,113 <PROVISION-CURRENT> 5,720,662 5,567,703 4,935,727 <PROVISION-PRIOR> (627,144) (414,138) (301,539) <PAYMENTS-CURRENT> 1,709,512 1,864,832 1,418,321 <PAYMENTS-PRIOR> 3,453,073 3,029,833 2,787,110 <RESERVE-CLOSE> 18,153,080 17,888,536 16,559,200 <CUMULATIVE-DEFICIENCY> 0 0 0