<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF MOBILE AMERICA CORPORATION FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<DEBT-HELD-FOR-SALE>                        24,023,884
<DEBT-CARRYING-VALUE>                       36,408,371
<DEBT-MARKET-VALUE>                         37,099,216
<EQUITIES>                                   1,473,428
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              80,833,812
<CASH>                                       1,340,269
<RECOVER-REINSURE>                             449,700
<DEFERRED-ACQUISITION>                      (4,121,936)
<TOTAL-ASSETS>                             126,761,158
<POLICY-LOSSES>                             23,885,638
<UNEARNED-PREMIUMS>                         36,570,082
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                             10,200,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       191,110
<OTHER-SE>                                  36,864,366
<TOTAL-LIABILITY-AND-EQUITY>               126,761,158
<PREMIUMS>                                  28,107,223
<INVESTMENT-INCOME>                          3,506,443
<INVESTMENT-GAINS>                              70,124
<OTHER-INCOME>                               7,130,860
<BENEFITS>                                  18,949,242
<UNDERWRITING-AMORTIZATION>                  3,277,577
<UNDERWRITING-OTHER>                        11,822,742
<INCOME-PRETAX>                              4,765,089
<INCOME-TAX>                                 1,513,245
<INCOME-CONTINUING>                          3,251,844
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 3,251,844
<EPS-PRIMARY>                                      .45
<EPS-DILUTED>                                      .45
<RESERVE-OPEN>                              15,905,704
<PROVISION-CURRENT>                         17,012,789
<PROVISION-PRIOR>                            1,906,451
<PAYMENTS-CURRENT>                          10,744,069
<PAYMENTS-PRIOR>                            14,889,231
<RESERVE-CLOSE>                              9,191,640
<CUMULATIVE-DEFICIENCY>                      1,906,451