<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                             <C>                     <C>                     <C>                     <C>
<C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   6-MOS                   6-MOS
12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997             JUN-30-1996             JUN-30-1997             JUN-30-1996
             DEC-31-1996
<PERIOD-START>                             JUN-30-1997             JUN-30-1996             JUN-30-1997             JUN-30-1996
             DEC-31-1996
<PERIOD-END>                               JUN-30-1997             JUN-30-1996             JUN-30-1997             JUN-30-1996
             DEC-31-1996
<DEBT-HELD-FOR-SALE>                                 0                       0              28,396,650                       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               2,147,394                       0
               2,285,721
<REAL-ESTATE>                                        0                       0                       0                       0
                       0
<TOTAL-INVEST>                                       0                       0              38,144,263                       0
              51,188,651
<CASH>                                               0                       0                 376,060                       0
                 556,349
<RECOVER-REINSURE>                                   0                       0                       0                       0
                       0
<DEFERRED-ACQUISITION>                               0                       0              16,583,810                       0
              18,948,551
<TOTAL-ASSETS>                                       0                       0              93,334,378                       0
             114,618,553
<POLICY-LOSSES>                                      0                       0              21,252,187                       0
              35,385,867
<UNEARNED-PREMIUMS>                                  0                       0              52,227,726                       0
              56,177,708
<POLICY-OTHER>                                       0                       0               2,505,401                       0
               2,735,866
<POLICY-HOLDER-FUNDS>                                0                       0               5,532,098                       0
               6,976,720
<NOTES-PAYABLE>                                      0                       0                       0                       0
                       0
<PREFERRED-MANDATORY>                                0                       0                       0                       0
                       0
<PREFERRED>                                          0                       0               4,703,289                       0
               4,692,610
<COMMON>                                             0                       0                  30,215                       0
                  30,215
<OTHER-SE>                                           0                       0               7,083,462                       0
               8,619,567
<TOTAL-LIABILITY-AND-EQUITY>                         0                       0              93,334,378                       0
             114,618,553
<PREMIUMS>                                   5,267,245               5,002,224              10,249,682               9,868,748
                       0
<INVESTMENT-INCOME>                            538,143                 505,101               1,139,341               1,038,127
                       0
<INVESTMENT-GAINS>                             318,405                (21,763)                 245,900                (22,267)
                       0
<OTHER-INCOME>                                 243,427                 310,867                 542,035                 752,746
                       0
<BENEFITS>                                   3,386,863               2,569,886               6,635,991               5,448,250
                       0
<UNDERWRITING-AMORTIZATION>                  2,194,123               2,460,864               4,608,915               4,956,986
                       0
<UNDERWRITING-OTHER>                         1,663,160                 978,393               2,719,023               2,354,354
                       0
<INCOME-PRETAX>                              (876,926)               (212,714)             (1,786,971)             (1,122,236)
                       0
<INCOME-TAX>                                 (166,677)                 176,573               (597,237)                (76,763)
                       0
<INCOME-CONTINUING>                                  0                       0                       0                       0
                       0
<DISCONTINUED>                                  12,976                 146,185               (118,007)                 378,308
                       0
<EXTRAORDINARY>                              (697,273)               (243,102)             (1,307,741)               (667,165)
                       0
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                 (697,273)               (243,102)             (1,307,741)               (667,165)
                       0
<EPS-PRIMARY>                                    (.31)                   (.14)                   (.59)                   (.34)
                       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>