<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1998             MAR-31-1997             DEC-12-1997
<PERIOD-END>                               MAR-31-1998             MAR-31-1997             DEC-12-1997
<DEBT-HELD-FOR-SALE>                         4,075,710                       0               5,856,835
<DEBT-CARRYING-VALUE>                                0                       0                       0
<DEBT-MARKET-VALUE>                                  0                       0                       0
<EQUITIES>                                           0                       0                       0
<MORTGAGE>                                   1,886,850                       0               2,085,760
<REAL-ESTATE>                                        0                       0                       0
<TOTAL-INVEST>                              38,187,866                       0              41,000,598
<CASH>                                         289,019                       0                 641,234
<RECOVER-REINSURE>                                   0                       0                       0
<DEFERRED-ACQUISITION>                          25,075                       0              13,569,943
<TOTAL-ASSETS>                             103,382,322                       0              85,035,320
<POLICY-LOSSES>                             17,648,768                       0              21,466,953
<UNEARNED-PREMIUMS>                         38,918,063                       0              49,994,397
<POLICY-OTHER>                               4,047,113                       0               2,538,593
<POLICY-HOLDER-FUNDS>                                0                       0                       0
<NOTES-PAYABLE>                                      0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                  4,696,905                       0               4,687,913
<COMMON>                                        30,191                       0                  30,191
<OTHER-SE>                                   1,685,183                       0               1,775,167
<TOTAL-LIABILITY-AND-EQUITY>               103,382,322                       0              85,035,320
<PREMIUMS>                                           0                  92,500                       0
<INVESTMENT-INCOME>                            111,997                  28,614                       0
<INVESTMENT-GAINS>                              23,510                (72,505)                       0
<OTHER-INCOME>                                 181,382                   5,012                       0
<BENEFITS>                                           0                 103,570                       0
<UNDERWRITING-AMORTIZATION>                          0                   2,590                       0
<UNDERWRITING-OTHER>                           420,227                 209,512                       0
<INCOME-PRETAX>                              (103,338)               (262,051)                       0
<INCOME-TAX>                                  (15,106)               (123,982)                       0
<INCOME-CONTINUING>                                  0                       0                       0
<DISCONTINUED>                                 112,652               (472,399)                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                    24,420               (610,468)                       0
<EPS-PRIMARY>                                    (.04)                   (.28)                       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
        

</TABLE>