<TABLE> <S> <C>

<ARTICLE> 7
       
<S>                             <C>                     <C>                     <C>                     <C>
<C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   6-MOS                   6-MOS
YEAR
<FISCAL-YEAR-END>                          JUN-30-1998             JUN-30-1997             JUN-30-1998             JUN-30-1997
             DEC-31-1997
<PERIOD-END>                               JUN-30-1998             JUN-30-1997             JUN-30-1998             JUN-30-1997
             DEC-31-1997
<DEBT-HELD-FOR-SALE>                                 0                       0               3,194,877                       0
               5,856,835
<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               1,867,427                       0
               2,085,760
<REAL-ESTATE>                                        0                       0                       0                       0
                       0
<TOTAL-INVEST>                                       0                       0               8,858,044                       0
              41,000,598
<CASH>                                               0                       0                 787,523                       0
                 641,234
<RECOVER-REINSURE>                                   0                       0                       0                       0
                       0
<DEFERRED-ACQUISITION>                               0                       0                  25,075                       0
              13,569,943
<TOTAL-ASSETS>                                       0                       0              70,280,427                       0
              85,035,320
<POLICY-LOSSES>                                      0                       0              16,894,673                       0
              21,466,953
<UNEARNED-PREMIUMS>                                  0                       0              37,923,990                       0
              49,994,397
<POLICY-OTHER>                                       0                       0               3,894,821                       0
               2,538,593
<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               4,814,610                       0
               4,687,913
<COMMON>                                             0                       0                  29,492                       0
                  30,191
<OTHER-SE>                                           0                       0               4,814,610                       0
               4,687,913
<TOTAL-LIABILITY-AND-EQUITY>                         0                       0              70,280,427                       0
              85,035,320
<PREMIUMS>                                           0                       0                 179,348              10,249,682
                       0
<INVESTMENT-INCOME>                                  0                       0                 833,689               1,139,341
                       0
<INVESTMENT-GAINS>                                   0                       0                  24,761                 245,900
                       0
<OTHER-INCOME>                                       0                       0                 532,583                 542,035
                       0
<BENEFITS>                                           0                       0                       0               6,635,991
                       0
<UNDERWRITING-AMORTIZATION>                          0                       0                       0               4,608,915
                       0
<UNDERWRITING-OTHER>                                 0                       0               1,592,700               2,719,023
                       0
<INCOME-PRETAX>                                      0                       0                (22,319)             (1,786,971)
                       0
<INCOME-TAX>                                         0                       0                  97,394               (597,237)
                       0
<INCOME-CONTINUING>                                  0                       0                       0                       0
                       0
<DISCONTINUED>                                       0                       0                 254,339               (118,007)
                       0
<EXTRAORDINARY>                                      0                       0                 134,588             (1,307,741)
                       0
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                         0                       0                 134,686             (1,307,741)
                       0
<EPS-PRIMARY>                                        0                       0                       0                       0
                       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>