<TABLE> <S> <C>

<ARTICLE>              7
<LEGEND>
This schedule contains summary information extracted from Form 10-Q for
the three months ended March 31, 1998, and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER>      1
       
<S>                                                       <C>
<PERIOD-TYPE>                                             3-MOS
<FISCAL-YEAR-END>                                         DEC-31-1998
<PERIOD-END>                                              MAR-31-1998
<DEBT-HELD-FOR-SALE>                                      133,434,540
<DEBT-CARRYING-VALUE>                                               0
<DEBT-MARKET-VALUE>                                                 0
<EQUITIES>                                                 12,677,081
<MORTGAGE>                                                          0
<REAL-ESTATE>                                                       0
<TOTAL-INVEST>                                            159,458,870
<CASH>                                                         41,000
<RECOVER-REINSURE>                                             10,149
<DEFERRED-ACQUISITION>                                     13,218,093
<TOTAL-ASSETS>                                            180,125,047
<POLICY-LOSSES>                                             9,629,555
<UNEARNED-PREMIUMS>                                         7,390,114
<POLICY-OTHER>                                                      0
<POLICY-HOLDER-FUNDS>                                               0
<NOTES-PAYABLE>                                            34,500,923
<PREFERRED-MANDATORY>                                               0
<PREFERRED>                                                         0
<COMMON>                                                      133,027
<OTHER-SE>                                                117,001,448
<TOTAL-LIABILITY-AND-EQUITY>                              180,125,047
<PREMIUMS>                                                 11,930,256
<INVESTMENT-INCOME>                                         2,038,569
<INVESTMENT-GAINS>                                            115,513
<OTHER-INCOME>                                                    470
<BENEFITS>                                                  1,477,232
<UNDERWRITING-AMORTIZATION>                                 1,272,708
<UNDERWRITING-OTHER>                                        3,091,460
<INCOME-PRETAX>                                             7,766,520
<INCOME-TAX>                                                2,383,324
<INCOME-CONTINUING>                                         5,383,196
<DISCONTINUED>                                                      0
<EXTRAORDINARY>                                                     0
<CHANGES>                                                           0
<NET-INCOME>                                                5,383,196
<EPS-PRIMARY>                                                    0.40
<EPS-DILUTED>                                                    0.39
<RESERVE-OPEN>                                                      0
<PROVISION-CURRENT>                                                 0
<PROVISION-PRIOR>                                                   0
<PAYMENTS-CURRENT>                                                  0
<PAYMENTS-PRIOR>                                                    0
<RESERVE-CLOSE>                                                     0
<CUMULATIVE-DEFICIENCY>                                             0
        

</TABLE>