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National Security Group Inc.  (NSEC)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 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
   


Customers Net Income fell by NSEC's Customers Net Profit Margin fell to

-31.75 %

14.56 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ANAT        0.2% 
GNW   -1.11%    
LNC        1.49% 
MET        1.2% 
NWLI        0.21% 
PRU        1.2% 
• View Complete Report
   



Citizens Inc

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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.
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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.

American Equity Investment Life Holding Co

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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.
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National Security Group's Segments
 
 
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