<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MOBILE
AMERICA CORPORATION'S 1999 10-K REPORT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<DEBT-HELD-FOR-SALE>                        26,409,987
<DEBT-CARRYING-VALUE>                       30,321,793
<DEBT-MARKET-VALUE>                         30,811,888
<EQUITIES>                                   1,509,606
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              79,451,616
<CASH>                                       1,082,422
<RECOVER-REINSURE>                           9,404,171<F1>
<DEFERRED-ACQUISITION>                      (2,743,281)
<TOTAL-ASSETS>                             134,270,283
<POLICY-LOSSES>                             29,106,729
<UNEARNED-PREMIUMS>                         26,913,770
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                       11,485,618
<NOTES-PAYABLE>                              9,600,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       191,110
<OTHER-SE>                                  35,372,032
<TOTAL-LIABILITY-AND-EQUITY>               134,270,283
<PREMIUMS>                                  34,943,731
<INVESTMENT-INCOME>                          4,629,349
<INVESTMENT-GAINS>                            (230,441)
<OTHER-INCOME>                               8,959,390
<BENEFITS>                                  25,935,988
<UNDERWRITING-AMORTIZATION>                  8,536,845
<UNDERWRITING-OTHER>                        16,126,931
<INCOME-PRETAX>                             (2,297,735)
<INCOME-TAX>                                (1,348,110)
<INCOME-CONTINUING>                           (949,625)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (949,625)
<EPS-BASIC>                                      (0.13)
<EPS-DILUTED>                                    (0.13)
<RESERVE-OPEN>                              15,905,704
<PROVISION-CURRENT>                         22,435,796
<PROVISION-PRIOR>                            3,469,432
<PAYMENTS-CURRENT>                          15,897,843
<PAYMENTS-PRIOR>                            14,512,958
<RESERVE-CLOSE>                             11,400,131
<CUMULATIVE-DEFICIENCY>                      3,469,432
<FN>
<F1>1998 RESTATED DUE TO CORRECTION OF REINSURANCE CEDING COMMISSION ALLOWANCE.
SEE NOTE 2 TO 1999 10-K REPORT.
</FN>