<TABLE> <S> <C>

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

<S>                             <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1995
<PERIOD-START>                             JAN-01-1996             JAN-01-1995
<PERIOD-END>                               DEC-31-1996             DEC-31-1995
<DEBT-HELD-FOR-SALE>                           308,076                 151,021
<DEBT-CARRYING-VALUE>                                0                       0
<DEBT-MARKET-VALUE>                                  0                       0
<EQUITIES>                                           0                       0
<MORTGAGE>                                           0                       0
<REAL-ESTATE>                                        0                       0
<TOTAL-INVEST>                                 328,793                 296,982
<CASH>                                           1,176                   1,054
<RECOVER-REINSURE>                                   0                       0
<DEFERRED-ACQUISITION>                           5,569                   4,419
<TOTAL-ASSETS>                                 354,824                 316,328
<POLICY-LOSSES>                                 18,730                   7,092
<UNEARNED-PREMIUMS>                             20,525                  12,710
<POLICY-OTHER>                                       0                       0
<POLICY-HOLDER-FUNDS>                                0                       0
<NOTES-PAYABLE>                                      0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           261                     260
<OTHER-SE>                                     300,348                 273,877
<TOTAL-LIABILITY-AND-EQUITY>                   354,824                 316,328
<PREMIUMS>                                      62,349                  27,559
<INVESTMENT-INCOME>                             16,871                   7,612
<INVESTMENT-GAINS>                                 161                     491
<OTHER-INCOME>                                       0                       0
<BENEFITS>                                      20,681                   7,757
<UNDERWRITING-AMORTIZATION>                      8,485                   6,641
<UNDERWRITING-OTHER>                            10,623                  42,656
<INCOME-PRETAX>                                 39,592                (21,392)
<INCOME-TAX>                                    11,363                   1,419
<INCOME-CONTINUING>                             28,229                (22,811)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                    28,229                (28,098)
<EPS-PRIMARY>                                     1.08                  (2.32)
<EPS-DILUTED>                                     1.07                  (2.32)
<RESERVE-OPEN>                                   7,092                     262
<PROVISION-CURRENT>                             20,344                   7,037
<PROVISION-PRIOR>                                  337                     720
<PAYMENTS-CURRENT>                               3,821                     520
<PAYMENTS-PRIOR>                                 5,222                     407
<RESERVE-CLOSE>                                 18,730                   7,092
<CUMULATIVE-DEFICIENCY>                              0                       0


</TABLE>