<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996             DEC-31-1996
<PERIOD-END>                               MAR-31-1997             MAR-31-1996             DEC-31-1996
<DEBT-HELD-FOR-SALE>                        32,386,109                       0              42,617,840
<DEBT-CARRYING-VALUE>                                0                       0                       0
<DEBT-MARKET-VALUE>                                  0                       0                       0
<EQUITIES>                                           0                       0                       0
<MORTGAGE>                                   2,229,768                       0               2,285,721
<REAL-ESTATE>                                        0                       0                       0
<TOTAL-INVEST>                              40,537,564                       0              51,188,651
<CASH>                                         510,281                       0                 556,349
<RECOVER-REINSURE>                                   0                       0                       0
<DEFERRED-ACQUISITION>                      16,183,676                       0              18,948,551
<TOTAL-ASSETS>                              99,009,485                       0             114,618,553
<POLICY-LOSSES>                             23,466,152                       0              35,385,867
<UNEARNED-PREMIUMS>                         54,381,186                       0              56,177,708
<POLICY-OTHER>                               2,668,793                       0               2,735,866
<POLICY-HOLDER-FUNDS>                        5,393,872                       0               5,495,573
<NOTES-PAYABLE>                                      0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                  4,701,602                       0               4,692,610
<COMMON>                                        30,215                       0                  30,215
<OTHER-SE>                                   7,497,973                       0               8,619,567
<TOTAL-LIABILITY-AND-EQUITY>                99,009,485                       0             114,618,553
<PREMIUMS>                                   4,982,437               4,866,524                       0
<INVESTMENT-INCOME>                            601,198                 533,026                       0
<INVESTMENT-GAINS>                            (72,505)                   (504)                       0
<OTHER-INCOME>                                 298,608                 441,879                       0
<BENEFITS>                                   3,249,128               2,878,364                       0
<UNDERWRITING-AMORTIZATION>                  2,414,792               2,496,122                       0
<UNDERWRITING-OTHER>                         1,055,863               1,375,961                       0
<INCOME-PRETAX>                              (910,045)               (909,522)                       0
<INCOME-TAX>                                 (430,561)               (253,336)                       0
<INCOME-CONTINUING>                          (479,484)               (656,186)                       0
<DISCONTINUED>                               (130,984)                 232,123                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                 (610,468)               (424,063)                       0
<EPS-PRIMARY>                                    (.28)                   (.20)                       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>