<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                             <C>                     <C>                     <C>                     <C>
<C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   9-MOS                   9-MOS
12-MOS
<FISCAL-YEAR-END>                          SEP-30-1997             SEP-30-1996             SEP-30-1997             SEP-30-1996
             DEC-31-1996
<PERIOD-END>                               SEP-30-1997             SEP-30-1996             SEP-30-1997             SEP-30-1996
             DEC-31-1996
<DEBT-HELD-FOR-SALE>                                 0                       0              32,459,200                       0
              42,617,840
<DEBT-CARRYING-VALUE>                                0                       0                       0                       0
                       0
<DEBT-MARKET-VALUE>                                  0                       0                       0                       0
                       0
<EQUITIES>                                           0                       0                       0                       0
                       0
<MORTGAGE>                                           0                       0               2,112,260                       0
               2,285,721
<REAL-ESTATE>                                        0                       0                       0                       0
                       0
<TOTAL-INVEST>                                       0                       0              41,158,931                       0
              51,188,651
<CASH>                                               0                       0                 502,640                       0
                 556,349
<RECOVER-REINSURE>                                   0                       0                       0                       0
                       0
<DEFERRED-ACQUISITION>                               0                       0              16,876,917                       0
              18,948,551
<TOTAL-ASSETS>                                       0                       0              91,489,284                       0
             114,618,553
<POLICY-LOSSES>                                      0                       0              21,074,044                       0
              35,385,867
<UNEARNED-PREMIUMS>                                  0                       0              51,836,089                       0
              56,177,708
<POLICY-OTHER>                                       0                       0               2,481,512                       0
               2,735,866
<POLICY-HOLDER-FUNDS>                                0                       0                       0                       0
                       0
<NOTES-PAYABLE>                                      0                       0                       0                       0
                       0
<PREFERRED-MANDATORY>                                0                       0                       0                       0
                       0
<PREFERRED>                                          0                       0                4678,922                       0
               4,692,610
<COMMON>                                             0                       0                  30,191                       0
                  30,215
<OTHER-SE>                                           0                       0               7,207,788                       0
               8,619,567
<TOTAL-LIABILITY-AND-EQUITY>                         0                       0              91,489,284                       0
             114,618,553
<PREMIUMS>                                   5,372,521               5,051,931              15,622,203              14,920,679
                       0
<INVESTMENT-INCOME>                            449,666                 539,621               1,589,007               1,577,748
                       0
<INVESTMENT-GAINS>                            (21,533)               (135,880)                 224,367               (158,147)
                       0
<OTHER-INCOME>                                 359,908                 317,137                 901,943               1,069,883
                       0
<BENEFITS>                                   2,819,851               2,738,421               9,455,542               8,186,681
                       0
<UNDERWRITING-AMORTIZATION>                  2,470,802               2,477,040               7,079,717               7,434,026
                       0
<UNDERWRITING-OTHER>                           992,219               1,201,466               3,711,242               3,555,820
                       0
<INCOME-PRETAX>                              (122,110)               (664,128)             (1,909,081)             (1,766,364)
                       0
<INCOME-TAX>                                 (230,468)               (363,141)               (827,706)               (439,903)
                       0
<INCOME-CONTINUING>                                  0                       0                       0                       0
                       0
<DISCONTINUED>                                 (6,370)                  56,243               (124,378)                 434,552
                       0
<EXTRAORDINARY>                                      0                       0                       0                       0
                       0
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                   101,988               (224,744)             (1,205,753)               (891,909)
                       0
<EPS-PRIMARY>                                    (.01)                   (.13)                   (.60)                   (.47)
                       0
<EPS-DILUTED>                                        0                       0                       0                       0
                       0
<RESERVE-OPEN>                                       0                       0                       0                       0
                       0
<PROVISION-CURRENT>                                  0                       0                       0                       0
                       0
<PROVISION-PRIOR>                                    0                       0                       0                       0
                       0
<PAYMENTS-CURRENT>                                   0                       0                       0                       0
                       0
<PAYMENTS-PRIOR>                                     0                       0                       0                       0
                       0
<RESERVE-CLOSE>                                      0                       0                       0                       0
                       0
<CUMULATIVE-DEFICIENCY>                              0                       0                       0                       0
                       0
        

</TABLE>