<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MOBILE
AMERICA CORPORATION 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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<DEBT-HELD-FOR-SALE>                        29,303,564
<DEBT-CARRYING-VALUE>                       43,620,471
<DEBT-MARKET-VALUE>                         43,511,416
<EQUITIES>                                   1,373,070
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              91,238,013
<CASH>                                       4,518,020
<RECOVER-REINSURE>                           5,532,587<F1>
<DEFERRED-ACQUISITION>                      (2,047,989)
<TOTAL-ASSETS>                             144,305,443
<POLICY-LOSSES>                             33,643,295
<UNEARNED-PREMIUMS>                         32,893,437
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                        7,321,749
<NOTES-PAYABLE>                             12,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       191,110
<OTHER-SE>                                  38,448,369
<TOTAL-LIABILITY-AND-EQUITY>               144,305,443
<PREMIUMS>                                  44,171,359
<INVESTMENT-INCOME>                          5,390,681
<INVESTMENT-GAINS>                             263,711
<OTHER-INCOME>                               8,984,456
<BENEFITS>                                  32,988,250
<UNDERWRITING-AMORTIZATION>                  2,393,143
<UNDERWRITING-OTHER>                        14,770,170
<INCOME-PRETAX>                              8,658,644
<INCOME-TAX>                                 2,613,359
<INCOME-CONTINUING>                          6,045,285
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 6,045,285
<EPS-BASIC>                                       0.85
<EPS-DILUTED>                                     0.84
<RESERVE-OPEN>                              20,040,739
<PROVISION-CURRENT>                         35,706,903
<PROVISION-PRIOR>                           (2,736,845)
<PAYMENTS-CURRENT>                          23,961,413
<PAYMENTS-PRIOR>                            13,143,680
<RESERVE-CLOSE>                             15,905,704
<CUMULATIVE-DEFICIENCY>                     (2,736,845)
<FN>
<F1>1997 RESTATED DUE TO CORRECTION OF REINSURANCE CEDING COMMISSION ALLOWANCE.
SEE NOTE 2 TO 1999 10-K REPORT.