<TABLE> <S> <C>

<ARTICLE>  7
<LEGEND>                                                          
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE BALANCE SHEET AND INCOME STATEMENT OF SUNAMERICA INC.'S FORM 10-Q
FOR THE FIRST QUARTER ENDED DECEMBER 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>   1,000
       
<S>                                  <C>         
<PERIOD-TYPE>                        3-MOS
<FISCAL-YEAR-END>                                   SEP-30-1996
<PERIOD-END>                                        DEC-31-1995
<DEBT-HELD-FOR-SALE>                                  8,210,874 
<DEBT-CARRYING-VALUE>                                         0
<DEBT-MARKET-VALUE>                                           0
<EQUITIES>                                               36,619
<MORTGAGE>                                            1,575,390
<REAL-ESTATE>                                           103,418
<TOTAL-INVEST>                                       11,587,108
<CASH>                                                  657,210
<RECOVER-REINSURE>                                            0
<DEFERRED-ACQUISITION>                                  532,941
<TOTAL-ASSETS>                                       17,844,353
<POLICY-LOSSES>                                       9,170,125
<UNEARNED-PREMIUMS>                                           0
<POLICY-OTHER>                                                0
<POLICY-HOLDER-FUNDS>                                         0
<NOTES-PAYABLE>                                         539,835
<COMMON>                                                 54,540
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                             569,642
<OTHER-SE>                                              941,820
<TOTAL-LIABILITY-AND-EQUITY>                         17,844,353
<PREMIUMS>                                                    0
<INVESTMENT-INCOME>                                     231,646
<INVESTMENT-GAINS>                                        1,404
<OTHER-INCOME>                                           49,549
<BENEFITS>                                              129,520
<UNDERWRITING-AMORTIZATION>                              19,002
<UNDERWRITING-OTHER>                                    (2,607)
<INCOME-PRETAX>                                          92,586
<INCOME-TAX>                                             27,800
<INCOME-CONTINUING>                                      64,786
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                             64,786
<EPS-PRIMARY>                                              0.94
<EPS-DILUTED>                                              0.94
<RESERVE-OPEN>                                                0
<PROVISION-CURRENT>                                           0
<PROVISION-PRIOR>                                             0
<PAYMENTS-CURRENT>                                            0
<PAYMENTS-PRIOR>                                              0
<RESERVE-CLOSE>                                               0
<CUMULATIVE-DEFICIENCY>                                       0
        



</TABLE>