<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-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JAN-01-1997             JAN-01-1997             JAN-01-1997
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997
<DEBT-HELD-FOR-SALE>                         2,376,246               2,405,580               2,338,050
<DEBT-CARRYING-VALUE>                                0                       0                       0
<DEBT-MARKET-VALUE>                                  0                       0                       0
<EQUITIES>                                      64,089                  63,008                  52,964
<MORTGAGE>                                     236,644                 230,368                 303,263
<REAL-ESTATE>                                    4,495                   4,417                   4,331
<TOTAL-INVEST>                               2,843,182               2,854,029               2,900,991
<CASH>                                           1,437                   7,752                       0
<RECOVER-REINSURE>                               1,808                   1,964                   1,476
<DEFERRED-ACQUISITION>                         164,392                 138,455                 128,515
<TOTAL-ASSETS>                               4,412,047               4,450,501               4,483,699
<POLICY-LOSSES>                              2,021,234               1,999,838               1,986,065
<UNEARNED-PREMIUMS>                                  0                       0                       0
<POLICY-OTHER>                                   6,009                   5,412                   5,391
<POLICY-HOLDER-FUNDS>                           60,078                  66,004                  65,510
<NOTES-PAYABLE>                                 79,325                  81,548                  61,527
<PREFERRED-MANDATORY>                           86,000                  86,000                  86,000
<PREFERRED>                                          0                       0                       0
<COMMON>                                        23,156                  23,156                  23,156
<OTHER-SE>                                     480,414                 511,830                 553,658
<TOTAL-LIABILITY-AND-EQUITY>                 4,412,047               4,450,501               4,483,699
<PREMIUMS>                                      18,205                  41,215                  64,263
<INVESTMENT-INCOME>                             48,548                  96,856                 149,774
<INVESTMENT-GAINS>                               5,259                   9,523                  14,510
<OTHER-INCOME>                                       0                       0                       0
<BENEFITS>                                      44,374                  83,875                 126,125
<UNDERWRITING-AMORTIZATION>                      5,057                  10,973                  16,767
<UNDERWRITING-OTHER>                             8,643                  20,068                  35,514
<INCOME-PRETAX>                                 23,093                  45,915                  70,958
<INCOME-TAX>                                     5,739                  11,586                  17,694
<INCOME-CONTINUING>                             14,580                  29,022                  45,497
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                    14,580                  29,022                  45,497
<EPS-PRIMARY>                                      .63                    1.25                    1.96
<EPS-DILUTED>                                      .63                    1.25                    1.96
<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>