<TABLE> <S> <C>

<ARTICLE>              7
<LEGEND>
This schedule  contains  summary  information  (restated for FAS. 128) extracted
from Form 10-Q for for the three,  six and nine months  ended March 31, June 30,
and  September  31, 1997,  and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER>      1
       
<S>                                  <C>               <C>             <C>
<PERIOD-TYPE>                        9-MOS             6-MOS           3-MOS
<FISCAL-YEAR-END>                      DEC-31-1997     DEC-31-1997     DEC-31-1997
<PERIOD-END>                           SEP-30-1997     JUN-30-1997     MAR-31-1997
<DEBT-HELD-FOR-SALE>                   99,278,646       94,536,390      86,986,671
<DEBT-CARRYING-VALUE>                           0                0               0
<DEBT-MARKET-VALUE>                             0                0               0
<EQUITIES>                             10,522,188        9,112,232       7,307,334
<MORTGAGE>                                      0                0               0
<REAL-ESTATE>                                   0                0               0
<TOTAL-INVEST>                        113,750,943      106,355,634      99,827,369
<CASH>                                     23,293          113,831         142,445
<RECOVER-REINSURE>                         29,416           36,322          19,797
<DEFERRED-ACQUISITION>                 11,455,857       10,909,631      10,577,107
<TOTAL-ASSETS>                        131,277,064      122,321,709     115,371,436
<POLICY-LOSSES>                         8,282,460        7,487,793       6,992,554
<UNEARNED-PREMIUMS>                     8,085,950        7,880,348       7,776,734
<POLICY-OTHER>                                  0                0               0
<POLICY-HOLDER-FUNDS>                           0                0               0
<NOTES-PAYABLE>                                 0                0               0
<PREFERRED-MANDATORY>                           0                0               0
<PREFERRED>                                     0                0               0
<COMMON>                                  132,917           66,453          66,453
<OTHER-SE>                            105,856,897       99,585,196      94,099,295
<TOTAL-LIABILITY-AND-EQUITY>          131,277,064      122,321,709     115,371,436
<PREMIUMS>                             27,211,844       16,833,618       7,848,883
<INVESTMENT-INCOME>                     4,703,465        2,973,579       1,471,915
<INVESTMENT-GAINS>                         77,466            5,851            (881)
<OTHER-INCOME>                              7,716            6,030           2,664
<BENEFITS>                              3,805,399        2,285,746       1,195,850
<UNDERWRITING-AMORTIZATION>             3,007,082        1,957,443         973,055
<UNDERWRITING-OTHER>                    7,371,666        4,667,363       2,121,764
<INCOME-PRETAX>                        17,816,344       10,908,526       5,031,912
<INCOME-TAX>                            5,598,071        3,428,438       1,585,024
<INCOME-CONTINUING>                    12,218,273        7,480,088       3,446,888
<DISCONTINUED>                                  0                0               0
<EXTRAORDINARY>                                 0                0               0
<CHANGES>                                       0                0               0
<NET-INCOME>                           12,218,273        7,480,088       3,446,888
<EPS-PRIMARY>                                0.92             0.56            0.26
<EPS-DILUTED>                                0.89             0.55            0.25
<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>