<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
10-Q OF MOBILE AMERICA CORPORATION FOR THE QUARTER ENDED SEPTEMBER 30, 1997, 
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<DEBT-HELD-FOR-SALE>                        32,816,532
<DEBT-CARRYING-VALUE>                       47,258,405
<DEBT-MARKET-VALUE>                         47,214,142
<EQUITIES>                                   1,620,711
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              93,864,353
<CASH>                                       3,423,513
<RECOVER-REINSURE>                              33,521
<DEFERRED-ACQUISITION>                      (2,213,877)
<TOTAL-ASSETS>                             141,639,459
<POLICY-LOSSES>                             35,445,628
<UNEARNED-PREMIUMS>                         35,419,908
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                             12,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       191,110
<OTHER-SE>                                  38,582,955
<TOTAL-LIABILITY-AND-EQUITY>               141,639,459
<PREMIUMS>                                  34,074,714
<INVESTMENT-INCOME>                          4,423,154
<INVESTMENT-GAINS>                             170,159
<OTHER-INCOME>                               7,206,158
<BENEFITS>                                  25,154,597
<UNDERWRITING-AMORTIZATION>                  2,103,151
<UNDERWRITING-OTHER>                        10,994,388
<INCOME-PRETAX>                              7,622,049
<INCOME-TAX>                                 2,300,198
<INCOME-CONTINUING>                          5,321,851
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 5,321,851
<EPS-PRIMARY>                                      .74
<EPS-DILUTED>                                      .74
<RESERVE-OPEN>                              20,040,739
<PROVISION-CURRENT>                         29,000,994
<PROVISION-PRIOR>                           (4,129,504)
<PAYMENTS-CURRENT>                          15,700,191
<PAYMENTS-PRIOR>                            12,921,000
<RESERVE-CLOSE>                             16,290,643
<CUMULATIVE-DEFICIENCY>                      4,129,504