National Security Group Inc. (NSEC) |
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Price: $0.0000
$0.00
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Day's High:
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Day's Low: |
$ 0.00 |
30 Day Perf: |
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Volume (M): |
0 |
52 Wk High: |
$ 0.00 |
Volume (M$): |
$ 0 |
52 Wk Avg: |
$0.00 |
Open: |
$0.00 |
52 Wk Low: |
$0.00 |
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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
3 |
Employees |
1 |
Revenues (TTM) (Millions $) |
66 |
Net Income (TTM) (Millions $) |
1 |
Cash Flow (TTM) (Millions $) |
-4 |
Capital Exp. (TTM) (Millions $) |
0 |
National Security Group Inc.
The National Security Group, Inc., an insurance holding company, was incorporated
in Delaware on March 20, 1990. Our common stock is traded on the NASDAQ Global
Market under the symbol NSEC.
The Company, through its three wholly owned subsidiaries, operates in two
industry segments: property and casualty insurance and life insurance.
The property and casualty subsidiaries of the Company, National Security Fire
and Casualty (NSFC), and Omega One Insurance Company (Omega), primarily write
personal lines dwelling coverage including dwelling fire and windstorm, homeowners
and mobile homeowners lines of insurance in ten states. Property and casualty
insurance is the most significant industry segment, accounting for 90.3% of
total premium revenues.
The Companys property and casualty insurance business is conducted through
National Security Fire & Casualty Company (NSFC), a wholly owned subsidiary
of the Company organized in 1959, and Omega One Insurance Company (Omega), a
wholly owned subsidiary of National Security Fire & Casualty Company organized
in 1992. This segment will be referred to throughout this report as NSFC, property-casualty
segment or P&C segment. NSFC is licensed to write property and casualty
insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma,
South Carolina, Tennessee and West Virginia, and operates on a surplus lines
basis in the state of Louisiana. Omega is licensed to write insurance in Alabama
and Louisiana.
A significant percentage of the total income for the Company is tied to the
performance of its investments. Assets that will eventually be used to pay reserve
liabilities and other policyholder obligations along with Company capital are
invested to generate investment income while held by the Company. Our investment
income is comprised primarily of interest and dividend income on debt and equity
securities and realized capital gains and losses generated by debt and equity
securities. Cash and investments comprise 81% of total assets, and investment
income (including realized gains) comprises 6.2% of total revenues evidencing
the significant impact investments can have on financial results. Because the
Companys insurance subsidiaries are regulated as to the types of investments
they may make and the amount of funds they may maintain in any one type of investment,
the Company has developed a conservative value oriented investment philosophy,
in order to meet regulatory requirements. The Companys investment goals are
to conserve capital resources and assets, obtain the necessary investment income
threshold to meet reserves, and provide a reasonable return. Current yield from
invested assets and capital appreciation of investments create this return.
Company Address: 661 East Davis Street Elba, 36323 AL
Company Phone Number: 897-2273 Stock Exchange / Ticker: NASDAQ NSEC
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Customers Net Income fell by |
NSEC's Customers Net Profit Margin fell to |
-31.75 % |
14.56 %
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Stock Performances by Major Competitors |
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Citizens Inc
Citizens Inc (CIA) recently released its financial results for the fiscal period ending December 31, 2023. Although the company experienced a decline in revenue, it managed to raise its earnings per share (EPS) significantly, indicating a positive trend. Furthermore, it recorded increased net earnings and improved profit margins. However, the decline in stock prices raises concerns for shareholders. Financial Statistics: - Income per share grew rapidly by 263.28% to $0.20 per share. - Revenue decreased by -0.607% to $66.85 million, year on year. - EPS increased from $0.05 to $0.20 per share. - Revenue advanced by 12.559% to $59.39 million from the prior reporting season. - Net earnings increased by 218.35% to $10.741 million compared to the previous fiscal period. - Net margin rose to 16.07%, and operating margin edged up to 42.01%. - Operating earnings improved by 189.44% to $28.084 million. - Accounts receivable increased to $17.4 million, indicating rising demand.
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First Trinity Financial Corp
First Trinity Financial Corp experienced a bewildering financial quarter in 2023, with diverse results impacting various aspects of its operations. The company witnessed both positive and negative developments in its profit per share, revenue growth, earnings, and operating margins. This article will delve into the implications of these figures and speculate on their potential impact on the company moving forward. Profitability and Revenue Growth: In the fourth quarter of 2023, First Trinity Financial Corp recorded a remarkable 34.43% increase in profit per share, reaching $0.23 per share. Additionally, their revenue demonstrated solid growth, rising by 16.42% to $19.76 million when compared to the same period in the previous year. These positive figures suggest that the company enjoyed successful investment ventures and a robust portfolio during this quarter.
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American Equity Investment Life Holding Co
The financial results reported by American Equity Investment Life Holding Company for the fourth quarter of 2023 and the financial 12 months of 2023 have presented a mixed picture of the company's performance. While there are certain positive aspects to highlight, there are also areas of concern that may impact the company going forward. One positive aspect is the strong sales of fixed index annuities, which remained robust throughout the fourth quarter. This was attributed to the company's focus on guaranteed retirement income product offerings. The emphasis on these products has contributed to the company's overall success in the fixed index annuity market.
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Genworth Financial Inc
Genworth Financial, Inc. recently reported its results for the quarter ended September 30, 2023, and showcased a strong financial performance despite experiencing volatility in its LTC (Long Term Care) results. Tom McInerney, President and CEO of Genworth, commented on the company's ability to execute its strategy and maximize shareholder value, with Enact's capital returns fueling their share repurchase program. However, the fiscal span closing on December 31, 2023, revealed a slip into a shortfall for Genworth Financial Inc, with earnings per share falling to $-0.34 from $0.35 the previous year, and a decline from $0.06 per share from the preceding reporting period. On a positive note, the company's revenue saw a slight growth of 0.844%, reaching $1.91 billion from $1.90 billion in the same reporting period a year prior. Sequentially, the revenue experienced a 4.369% increase from $1.83 billion.
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F And G Annuities And Life Inc
The financial results for F And G Annuities And Life Inc for the fourth quarter of 2023 paint a mixed picture for the company. While there were some positive aspects, such as a significant increase in operating earnings and a surge in revenue both year over year and sequentially, there were also some concerning figures. One of the most alarming numbers was the net shortfall of $-299.000 million for the quarter, compared to net income of $708.000 million in the same period a year before. This indicates a dramatic shift in the company's financial performance and raises questions about the underlying reasons for such a significant loss.
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Per Share |
Current |
Earnings (TTM) |
0.31 $ |
Revenues (TTM) |
26.1 $
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Cash Flow (TTM) |
- |
Cash |
0.07 $
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Book Value |
15.92 $
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Dividend (TTM) |
0.24 $ |
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Per Share |
|
Earnings (TTM) |
0.31 $
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Revenues (TTM) |
26.1 $ |
Cash Flow (TTM) |
- |
Cash |
0.07 $
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Book Value |
15.92 $ |
Dividend (TTM) |
0.24 $ |
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