<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