Last $12.48 USD
Change Today -0.52 / -4.00%
Volume 7.9K
NSEC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

national security group inc (NSEC) Snapshot

Open
$12.91
Previous Close
$13.00
Day High
$12.94
Day Low
$12.48
52 Week High
09/10/14 - $13.00
52 Week Low
10/17/13 - $6.08
Market Cap
31.3M
Average Volume 10 Days
4.0K
EPS TTM
$2.18
Shares Outstanding
2.5M
EX-Date
08/7/14
P/E TM
5.7x
Dividend
$0.12
Dividend Yield
0.92%
Current Stock Chart for NATIONAL SECURITY GROUP INC (NSEC)

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national security group inc (NSEC) Details

The National Security Group, Inc., an insurance holding company, provides various property and casualty, and life insurance products and services in the United States. Its Property and Casualty Insurance segment primarily underwrites personal lines coverage, including dwelling fire and windstorm, homeowners and mobile homeowners, and other liability lines of insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana. The company’s Life Insurance segment offers ordinary life, accident and health, supplemental hospital, and cancer insurance products in Alabama, Florida, Georgia, Mississippi, South Carolina, Tennessee, and Texas. The National Security Group, Inc. markets its products through a field force of agents and a network of independent agents and brokers. The company was founded in 1947 and is based in Elba, Alabama.

101 Employees
Last Reported Date: 03/21/14
Founded in 1947

national security group inc (NSEC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $210.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $175.0K
Director, Member of Dividend Committee and Pr...
Total Annual Compensation: $152.0K
Compensation as of Fiscal Year 2013.

national security group inc (NSEC) Key Developments

The National Security Group, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

The National Security Group Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company had net income of $1,934,000, $0.77 per share, compared to $965,000, $0.39 per share, for the same period last year. On a pretax basis, the company had income of $1,844,000 compared to $1,162,000 for the three months ended June 30, 2013. Income from operations was $1,532,000 against $132,000 reported last year. Realized investment gains were $312,000 against $1,030,000 reported last year. Net premiums earned were $14,100,000 against $13,038,000, net investment income was $1,030,000 against $689,000 reported last year. Total revenues were $17,155,000 against $14,902,000 reported last year. The company ended the first half of 2014 with net income of $2,933,000, $1.18 per share, compared to net income of $556,000, $0.23 per share, for the same period last year. On a pretax basis, for the six months ended June 30, 2014, the company had income of $3,127,000 compared to $134,000 for the six months ended June 30, 2013. Income from operations was $2,727,000 and realized investment gains of $400,000 against loss from operations of $923,000 and realized investment gains of $1,057,000 reported last year. Net premiums earned were $27,924,000 against $25,972,000, net investment income was $1,978,000 against $1,734,000 reported last year. Total revenues were $32,169,000 against $29,080,000 reported last year.

National Security Group Inc., Declares Quarterly Dividend, Payable on August 29, 2014

On July 25, 2014, the board of directors of the National Security Group Inc. declared a quarterly dividend of $0.03 per share. The cash dividend is payable on August 29, 2014, to shareholders of record date on August 11, 2014.

National Security Group Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

National Security Group Inc. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $999,000, $0.40 per share, compared to a net loss of $409,000, $0.17 loss per share, for the same period last year. On a pretax basis, for the three months ended March 31, 2014, the company had income of $1,283,000 compared to a loss of $1,028,000 for the three months ended March 31, 2013. Pretax income consisted of income from operations of $1,195,000 and realized investment gains of $88,000. The pretax loss for the quarter ended March 31, 2013, consisted of a loss from operations of $1,055,000 and realized investment gains of $27,000. The first quarter of 2014 was a very mild quarter with few storm related losses. Net premium earned were $13,824,000 compared to $12,934,000 a year ago. Net premium earned increased 6.9% in the first quarter of 2014 compared to the first quarter of last year. A combination of increased direct premium revenue and a decrease in reinsurance cost (ceded premium) were the two primary factors contributing to the increase in net premium earned in the first quarter of 2014. Book value per share increased $0.77 per share for the period ended March 31, 2014 to $14.19 per share compared to $13.42 per share at December 31, 2013. The primary factor contributing to the increase in book value per share was the increase in net income and an increase in market value of available for sale securities; primarily driven by increases in market value of fixed income investments. Total revenues were $15,014,000 compared to $14,178,000 a year ago.

 

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