<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                             <C>                     <C>                     <C>                     <C>
<C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   9-MOS                   9-MOS
YEAR
<FISCAL-YEAR-END>                          SEP-30-1996             SEP-30-1995             SEP-30-1996             SEP-30-1995
             DEC-31-1995
<PERIOD-END>                               SEP-30-1996             SEP-30-1995             SEP-30-1996             SEP-30-1995
             DEC-31-1995
<DEBT-HELD-FOR-SALE>                                 0                       0              37,014,700                       0
              35,048,212
<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               3,492,635                       0
               7,041,033
<REAL-ESTATE>                                        0                       0                 496,218                       0
                 481,975
<TOTAL-INVEST>                                       0                       0              47,407,199                       0
              48,994,969
<CASH>                                               0                       0                 659,269                       0
                 450,861
<RECOVER-REINSURE>                                   0                       0              17,914,613                       0
              18,603,688
<DEFERRED-ACQUISITION>                               0                       0              21,498,921                       0
              21,925,999
<TOTAL-ASSETS>                                       0                       0             117,685,790                       0
             123,321,640
<POLICY-LOSSES>                                      0                       0              35,200,567                       0
              36,581,642
<UNEARNED-PREMIUMS>                                  0                       0              58,088,639                       0
              57,942,946
<POLICY-OTHER>                                       0                       0               2,806,851                       0
               2,850,660
<POLICY-HOLDER-FUNDS>                                0                       0                       0                       0
                       0
<NOTES-PAYABLE>                                      0                       0               1,856,884                       0
               2,850,660
<PREFERRED-MANDATORY>                                0                       0                       0                       0
                       0
<PREFERRED>                                          0                       0               4,683,618                       0
               4,656,642
<COMMON>                                             0                       0                  30,221                       0
                  30,310
<OTHER-SE>                                           0                       0               8,791,566                       0
              10,984,112
<TOTAL-LIABILITY-AND-EQUITY>                         0                       0             117,685,781                       0
             123,321,640
<PREMIUMS>                                   5,411,899               5,688,105              15,677,132              16,470,179
                  38,909
<INVESTMENT-INCOME>                            608,201                 727,723               1,916,549               2,193,972
                   2,779
<INVESTMENT-GAINS>                           (135,880)                (12,653)               (158,147)                (35,809)
                   (119)
<OTHER-INCOME>                                 320,487                 388,857               1,123,062               1,239,369
                   4,863
<BENEFITS>                                   3,038,593               3,198,610               8,562,431               8,868,861
                       0
<UNDERWRITING-AMORTIZATION>                  2,586,611               2,714,476               7,854,067               8,028,933
                       0
<UNDERWRITING-OTHER>                         1,262,120               7,387,616               3,767,390               4,410,050
                       0
<INCOME-PRETAX>                              (682,617)               (595,584)             (1,625,292)             (1,440,133)
                       0
<INCOME-TAX>                                 (375,318)               (156,461)               (348,699)               (275,766)
                       0
<INCOME-CONTINUING>                                  0                       0                       0                       0
                       0
<DISCONTINUED>                                       0                       0                       0                       0
                       0
<EXTRAORDINARY>                                 82,555                 226,628                 348,684                 465,690
                       0
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                 (224,744)               (212,495)               (891,909)               (698,677)
                       0
<EPS-PRIMARY>                                    (.13)                   (.12)                   (.47)                   (.39)
                       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>