<TABLE> <S> <C>

<ARTICLE>              7
<LEGEND>
This schedule  contains  summary  information  (restated for FAS. 128) extracted
from Form 10-K for the twelve months ended December 31, 1996, and from Form 10-Q
for the nine and six  months  ended  September  30 and  June  30,  1996,  and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER>      1
       
<S>                                  <C>                <C>                 <C>
<PERIOD-TYPE>                         12-MOS            9-MOS               6-MOS
<FISCAL-YEAR-END>                     DEC-31-1996       DEC-31-1996         DEC-31-1996
<PERIOD-END>                          DEC-31-1996       SEP-30-1996         JUN-30-1996
<DEBT-HELD-FOR-SALE>                   87,229,855        84,253,890          81,710,102
<DEBT-CARRYING-VALUE>                           0                 0                   0
<DEBT-MARKET-VALUE>                             0                 0                   0
<EQUITIES>                              7,494,817         6,977,203           6,233,064
<MORTGAGE>                                      0                 0                   0
<REAL-ESTATE>                                   0                 0                   0
<TOTAL-INVEST>                         98,026,797        93,645,595          89,593,283
<CASH>                                    360,586           377,564             286,154
<RECOVER-REINSURE>                         25,319            10,816               5,914
<DEFERRED-ACQUISITION>                 10,198,397         9,728,297           9,295,025
<TOTAL-ASSETS>                        112,402,523       107,580,266         102,572,723
<POLICY-LOSSES>                         6,305,397         5,753,940           5,254,343
<UNEARNED-PREMIUMS>                     8,216,478         8,588,811           8,447,714
<POLICY-OTHER>                                  0                 0              35,773
<POLICY-HOLDER-FUNDS>                           0                 0                   0
<NOTES-PAYABLE>                                 0                 0                   0
<PREFERRED-MANDATORY>                           0                 0              66,453
<PREFERRED>                                     0                 0                   0
<COMMON>                                   66,453            66,453                   0
<OTHER-SE>                             91,613,583        87,665,161          84,189,848
<TOTAL-LIABILITY-AND-EQUITY>          112,402,523       107,580,266         102,572,723
<PREMIUMS>                             24,727,741        17,755,017          11,242,153
<INVESTMENT-INCOME>                     5,446,672         4,011,300           2,643,298
<INVESTMENT-GAINS>                       (162,385)         (153,906)           (141,572)
<OTHER-INCOME>                                  0                 0             107,709
<BENEFITS>                              3,279,130         2,280,425           1,267,619
<UNDERWRITING-AMORTIZATION>             3,234,876         2,418,039           1,601,207
<UNDERWRITING-OTHER>                    7,259,271         5,216,808           3,483,824
<INCOME-PRETAX>                        16,238,751        11,697,139           7,498,938
<INCOME-TAX>                            5,041,785         3,607,543           2,297,854
<INCOME-CONTINUING>                    11,196,966         8,089,596           5,201,084
<DISCONTINUED>                                  0                 0                   0
<EXTRAORDINARY>                                 0                 0                   0
<CHANGES>                                       0                 0                   0
<NET-INCOME>                           11,196,966         8,089,596           5,201,084
<EPS-PRIMARY>                                0.84              0.61                0.39
<EPS-DILUTED>                                0.83              0.60                0.39
<RESERVE-OPEN>                          3,703,251                 0                   0
<PROVISION-CURRENT>                     4,673,130                 0                   0
<PROVISION-PRIOR>                      (1,394,000)                0                   0
<PAYMENTS-CURRENT>                        166,717                 0                   0
<PAYMENTS-PRIOR>                          841,000                 0                   0
<RESERVE-CLOSE>                         5,974,664                 0                   0
<CUMULATIVE-DEFICIENCY>                         0                 0                   0
        

</TABLE>