<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 2000 (UNAUDITED) AND THE CONSOLIDATED
STATEMENT OF INCOME FOR THE PERIOD TO JUNE 30, 2000 (UNAUDITED) AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

<MULTIPLIER> 1

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<DEBT-HELD-FOR-SALE>                        91,354,198
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                   7,515,900
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                             122,379,621
<CASH>                                      15,670,452
<RECOVER-REINSURE>                          13,104,951
<DEFERRED-ACQUISITION>                         912,600
<TOTAL-ASSETS>                             159,888,546
<POLICY-LOSSES>                            105,368,935
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                             34,234,983
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      1,000
<COMMON>                                        40,790
<OTHER-SE>                                  14,482,845
<TOTAL-LIABILITY-AND-EQUITY>               159,888,546
<PREMIUMS>                                           0
<INVESTMENT-INCOME>                          8,720,639
<INVESTMENT-GAINS>                                   0
<OTHER-INCOME>                                   7,789
<BENEFITS>                                   1,718,872
<UNDERWRITING-AMORTIZATION>                          0
<UNDERWRITING-OTHER>                         1,602,039
<INCOME-PRETAX>                              2,713,781
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          2,713,781
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,713,781
<EPS-BASIC>                                       0.54
<EPS-DILUTED>                                     0.54
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0