What does this message mean on my IPhone?

Next Bill Cycle: 05/07/14
Data (MB): 118.19 of 300
Messaging: 732
Group Messaging: 1248 of unlimited.

Does this mean I've sent 732 texts and 1248 group messages?

Added (1). No, does this mean that sent like about 1900 messages?

Yes and about 40% of your data plan amount.

I don't know what service provider you have or what your plan is, but I believe it means

1. Your bill cycle will reset in 5/7/14
2. You have used approximately 40% of your data
3. You have sent/received 732 texts
4. If you have a shared plan everyone in the plan has sent 1248 messages all together