Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $12.95 USD
Change Today 0.00 / 0.00%
Volume 0.0
NSEC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

national security group inc (NSEC) Snapshot

Open
$12.98
Previous Close
$12.95
Day High
$12.98
Day Low
$12.95
52 Week High
04/10/15 - $16.97
52 Week Low
09/29/14 - $11.02
Market Cap
32.5M
Average Volume 10 Days
1.6K
EPS TTM
$2.19
Shares Outstanding
2.5M
EX-Date
08/6/15
P/E TM
5.9x
Dividend
$0.16
Dividend Yield
1.16%
Current Stock Chart for NATIONAL SECURITY GROUP INC (NSEC)

Related News

No related news articles were found.

national security group inc (NSEC) Related Businessweek News

No Related Businessweek News Found

national security group inc (NSEC) Details

The National Security Group, Inc., an insurance holding company, provides property and casualty, and life insurance products and services in the United States. Its Property and Casualty Insurance segment primarily underwrites personal lines dwelling 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.

91 Employees
Last Reported Date: 03/20/15
Founded in 1947

national security group inc (NSEC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $235.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $200.0K
Director, Member of Dividend Committee and Pr...
Total Annual Compensation: $170.0K
Compensation as of Fiscal Year 2014.

national security group inc (NSEC) Key Developments

National Security Group Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

National Security Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company’s net premiums earned were $14,880,000 against $14,100,000 a year ago. Net investment income was $784,000 against $1,030,000 a year ago. Total revenues were $16,065,000 compared to $17,155,000 a year ago. Income before income taxes was $667,000 compared to $1,844,000 a year ago. Net income was $623,000 or $0.25 per share compared to $1,934,000 or $0.77 per share a year ago. Net premiums earned were up $780,000 and primary reasons for the increase were a 13.4% reduction in catastrophe reinsurance costs coupled with an increase in direct premium. The primary reason for the decline in net income was a $1.6 million realized gain on company owned life insurance in the second quarter of last year; no such gain was realized in 2015. For the three months ended June 30, 2015, pretax income from insurance operations was $422,000 compared to a pretax loss from insurance operations of $89,000 for the three months ended June 30, 2014. The primary factors contributing to the increase in pretax income from insurance operations were a $780,000 increase in net premiums earned coupled with a $320,000 decrease in general and administrative expenses. For the six months, the company’s net premiums earned were $29,586,000 against $27,924,000 a year ago. Net investment income was $1,758,000 against $1,978,000 a year ago. Total revenues were $32,045,000 compared to $32,169,000 a year ago. Income before income taxes was $2,453,000 compared to $3,127,000 a year ago. Net income was $1,931,000 or $0.77 per share compared to $2,933,000 or $1.18 per share a year ago. The primary reasons for the increase in net premiums earned were a 13.4% reduction in catastrophe reinsurance costs coupled with increases in direct premium. The primary reason for the decline in net income was the $1.6 million gain on company owned life insurance received during the first half of 2014. For the six months ended June 30, 2015, pretax income from insurance operations was $2,066,000 compared to $1,106,000 for the six months ended June 30, 2014, an increase of $960,000. The primary factors contributing to the increase in pretax income from insurance operations were a $1,662,000 or 6.0% increase in net premiums earned coupled with a $340,000 decrease in general and administrative expenses. Book value per share was $17.37.

National Security Group, Inc. Declares Quarterly Dividend, Payable on August 28, 2015

The Board of Directors of The National Security Group Inc. declared a quarterly dividend of $0.04 per share. This cash dividend is payable on August 28, 2015, to shareholders of August 10, 2015.

National Security Group Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

National Security Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company had net income of $1,308,000, $0.52 per share, compared to net income of $999,000, $0.40 per share, for the same period in 2014, an increase of $309,000. Pretax income from insurance operations was $1,928,000 compared to $1,371,000 for the three months ended March 31, 2014, an increase of $557,000. Net premium earned were $14,706,000 compared to $13,824,000 a year ago. Net investment income was $974,000 compared to $948,000 a year ago. Total revenues were $15,980,000 compared to $15,014,000 a year ago. Income before income taxes was $1,786,000 compared to $1,283,000 a year ago. Book value per share was $17.63 compared to $17.05 a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NSEC:US $12.95 USD 0.00

NSEC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for NSEC.
View Industry Companies
 

Industry Analysis

NSEC

Industry Average

Valuation NSEC Industry Range
Price/Earnings 4.9x
Price/Sales 0.5x
Price/Book 0.7x
Price/Cash Flow 4.9x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NATIONAL SECURITY GROUP INC, please visit www.nationalsecuritygroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.