<TABLE> <S> <C>

<ARTICLE> 7
<RESTATED>
<MULTIPLIER>                  1,000

<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                           DEC-31-1996             DEC-31-1996             DEC-31-1996
<PERIOD-END>                                MAR-31-1996             JUN-30-1996             SEP-30-1996
<DEBT-HELD-FOR-SALE>                          9,546,612               9,451,230              10,710,754
<DEBT-CARRYING-VALUE>                                 0                       0                       0
<DEBT-MARKET-VALUE>                                   0                       0                       0
<EQUITIES>                                       29,376                  36,363                  36,112
<MORTGAGE>                                       72,774                  70,521                  68,477
<REAL-ESTATE>                                         0                       0                       0
<TOTAL-INVEST>                               10,178,616              10,152,309              11,443,517
<CASH>                                        1,011,718               1,104,835               1,059,300
<RECOVER-REINSURE>                                    0                       0                       0
<DEFERRED-ACQUISITION>                          263,455                 304,221                 295,514
<TOTAL-ASSETS>                               13,092,388              13,246,471              14,563,718
<POLICY-LOSSES>                                       0                       0                       0
<UNEARNED-PREMIUMS>                                   0                       0                       0
<POLICY-OTHER>                               10,191,629              10,389,378              11,559,719
<POLICY-HOLDER-FUNDS>                                 0                       0                       0
<NOTES-PAYABLE>                                 229,000                 229,000                 229,000
<PREFERRED-MANDATORY>                                 0                       0                       0
<PREFERRED>                                      13,237                  13,432                  13,630
<COMMON>                                            281                     284                     285
<OTHER-SE>                                      947,573                 959,795                 993,185
<TOTAL-LIABILITY-AND-EQUITY>                 13,092,388              13,246,471              14,563,718
<PREMIUMS>                                            0                       0                       0
<INVESTMENT-INCOME>                             192,012                 385,826                 593,522
<INVESTMENT-GAINS>                                3,774                   2,090                   2,823
<OTHER-INCOME>                                   84,124                 162,313                 248,208
<BENEFITS>                                        1,166                       0                       0
<UNDERWRITING-AMORTIZATION>                      14,108                  28,973                  44,440
<UNDERWRITING-OTHER>                             63,296                 133,763                 205,274
<INCOME-PRETAX>                                  36,274                  70,328                 106,730
<INCOME-TAX>                                     12,452                  23,448                  35,137
<INCOME-CONTINUING>                                   0                       0                       0
<DISCONTINUED>                                        0                       0                       0
<EXTRAORDINARY>                                       0                       0                       0
<CHANGES>                                             0                       0                       0
<NET-INCOME>                                     23,822                  46,880                  71,593
<EPS-PRIMARY>                                       .57                    1.11                    1.68
<EPS-DILUTED>                                       .54                    1.05                    1.60
<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>