<ARTICLE> 7
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF MOBILE AMERICA CORPORATION FOR THE PERIOD ENDED
SEPTEMBER 30, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-31-1999
<PERIOD-END>                               SEP-30-1999
<DEBT-HELD-FOR-SALE>                        18,537,484
<DEBT-CARRYING-VALUE>                       22,041,303
<DEBT-MARKET-VALUE>                         21,801,100
<EQUITIES>                                   1,549,337
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                              54,033,329
<CASH>                                       1,047,387
<RECOVER-REINSURE>                          12,870,475
<DEFERRED-ACQUISITION>                        (909,662)
<TOTAL-ASSETS>                             107,516,808
<POLICY-LOSSES>                             30,136,592
<UNEARNED-PREMIUMS>                         22,729,860
<POLICY-OTHER>                               3,081,965
<POLICY-HOLDER-FUNDS>                        1,211,152
<NOTES-PAYABLE>                              7,800,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       191,110
<OTHER-SE>                                  29,308,655
<TOTAL-LIABILITY-AND-EQUITY>               107,516,808
<PREMIUMS>                                  23,033,849
<INVESTMENT-INCOME>                          2,740,692
<INVESTMENT-GAINS>                             147,533
<OTHER-INCOME>                               4,063,637
<BENEFITS>                                  22,360,102
<UNDERWRITING-AMORTIZATION>                  5,518,173
<UNDERWRITING-OTHER>                        11,848,180
<INCOME-PRETAX>                             (9,740,744)
<INCOME-TAX>                                (3,941,422)
<INCOME-CONTINUING>                         (5,799,322)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (5,799,322)
<EPS-BASIC>                                      (0.81)
<EPS-DILUTED>                                    (0.80)
<RESERVE-OPEN>                              11,400,127
<PROVISION-CURRENT>                         18,986,585
<PROVISION-PRIOR>                            3,343,418
<PAYMENTS-CURRENT>                          10,242,897
<PAYMENTS-PRIOR>                            10,462,897
<RESERVE-CLOSE>                             13,026,457
<CUMULATIVE-DEFICIENCY>                      3,343,418