<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-30-1999             JUN-30-1998             JUN-30-1999             JUN-30-1998
             DEC-31-1998
<PERIOD-END>                               JUN-30-1999             JUN-30-1998             JUN-30-1999             JUN-30-1998
             DEC-31-1998
<DEBT-HELD-FOR-SALE>                                 0                       0               1,022,821                       0
               1,042,900
<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               1,567,125                       0
               1,600,283
<REAL-ESTATE>                                        0                       0                       0                       0
                       0
<TOTAL-INVEST>                                       0                       0               4,103,228                       0
               4,449,872
<CASH>                                               0                       0                 160,073                       0
                 171,822
<RECOVER-REINSURE>                                   0                       0              32,563,014                       0
              24,840,247
<DEFERRED-ACQUISITION>                               0                       0                  25,000                       0
                  50,000
<TOTAL-ASSETS>                                       0                       0              59,205,334                       0
              62,687,602
<POLICY-LOSSES>                                      0                       0              17,068,192                       0
              17,644,637
<UNEARNED-PREMIUMS>                                  0                       0              32,624,566                       0
              35,162,710
<POLICY-OTHER>                                       0                       0               2,775,146                       0
               2,882,411
<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
               4,814,610
<COMMON>                                             0                       0                  29,438                       0
                  29,438
<OTHER-SE>                                           0                       0                  26,329                       0
                 353,157
<TOTAL-LIABILITY-AND-EQUITY>                         0                       0              59,205,334                       0
              62,687,602
<PREMIUMS>                                           0                       0                 814,413                 179,348
               3,003,103
<INVESTMENT-INCOME>                                  0                       0                 109,324                 833,689
                 962,490
<INVESTMENT-GAINS>                                   0                       0                       0                  24,761
               (102,128)
<OTHER-INCOME>                                       0                       0                 708,152                 532,583
               1,312,104
<BENEFITS>                                           0                       0               1,016,388                       0
               2,630,017
<UNDERWRITING-AMORTIZATION>                          0                       0                  89,613                       0
                  24,837
<UNDERWRITING-OTHER>                                 0                       0                 630,265               1,592,700
               2,400,426
<INCOME-PRETAX>                                      0                       0               (104,377)                (22,319)
                 120,289
<INCOME-TAX>                                         0                       0                 (2,952)                  97,394
                 511,794
<INCOME-CONTINUING>                                  0                       0                       0                       0
                       0
<DISCONTINUED>                                       0                       0                       0                       0
                       0
<EXTRAORDINARY>                                      0                       0               (101,425)               (119,713)
               (391,505)
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                         0                       0               (101,425)                 134,686
               (177,719)
<EPS-BASIC>                                        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>