<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF MOBILE AMERICA CORPORATION FOR THE THREE MONTHS ENDED
MARCH 31, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<DEBT-HELD-FOR-SALE>                                 0
<DEBT-CARRYING-VALUE>                       71,712,310
<DEBT-MARKET-VALUE>                         71,653,425
<EQUITIES>                                   2,108,366
<MORTGAGE>                                           0
<REAL-ESTATE>                                  356,970
<TOTAL-INVEST>                              89,678,248
<CASH>                                       5,317,030
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                      (3,993,696)
<TOTAL-ASSETS>                             145,964,234
<POLICY-LOSSES>                             41,777,875
<UNEARNED-PREMIUMS>                         33,745,825
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<COMMON>                                       168,010
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>               145,964,234
<PREMIUMS>                                   7,209,877
<INVESTMENT-INCOME>                          1,224,635
<INVESTMENT-GAINS>                              35,254
<OTHER-INCOME>                                       0
<BENEFITS>                                   5,852,417
<UNDERWRITING-AMORTIZATION>                  1,999,649
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                              1,520,186
<INCOME-TAX>                                   391,659
<INCOME-CONTINUING>                          1,128,527
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,128,527
<EPS-PRIMARY>                                      .18
<EPS-DILUTED>                                      .18
<RESERVE-OPEN>                              19,103,286
<PROVISION-CURRENT>                          5,123,618
<PROVISION-PRIOR>                             (707,267)
<PAYMENTS-CURRENT>                             828,410
<PAYMENTS-PRIOR>                             6,380,372
<RESERVE-CLOSE>                             17,139,265
<CUMULATIVE-DEFICIENCY>                              0