<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FORM 10-Q OF MOBILE AMERICA CORPORATION DATED JUNE 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <DEBT-HELD-FOR-SALE> 35,131,321 <DEBT-CARRYING-VALUE> 48,690,505 <DEBT-MARKET-VALUE> 48,432,008 <EQUITIES> 1,887,265 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 98,259,465 <CASH> 5,455,070 <RECOVER-REINSURE> 35,793 <DEFERRED-ACQUISITION> (2,331,248) <TOTAL-ASSETS> 153,387,448 <POLICY-LOSSES> 38,871,121 <UNEARNED-PREMIUMS> 38,390,183 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 12,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 191,110 <OTHER-SE> 36,864,279 <TOTAL-LIABILITY-AND-EQUITY> 153,387,448 <PREMIUMS> 22,552,522 <INVESTMENT-INCOME> 2,961,869 <INVESTMENT-GAINS> 22,509 <OTHER-INCOME> 4,935,016 <BENEFITS> 16,806,019 <UNDERWRITING-AMORTIZATION> 1,172,521 <UNDERWRITING-OTHER> 7,204,107 <INCOME-PRETAX> 5,289,269 <INCOME-TAX> 1,636,888 <INCOME-CONTINUING> 3,652,381 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,652,381 <EPS-PRIMARY> .58 <EPS-DILUTED> .58 <RESERVE-OPEN> 20,040,739 <PROVISION-CURRENT> 19,933,294 <PROVISION-PRIOR> (3,127,283) <PAYMENTS-CURRENT> 7,195,299 <PAYMENTS-PRIOR> 12,069,651 <RESERVE-CLOSE> 17,581,800 <CUMULATIVE-DEFICIENCY> 3,127,283