What are National Security Group's Business Segments?
Property and Casualty Insurance Segment
The Company's 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.
Life Insurance Segment
National Security Insurance Company (NSIC), a wholly owned subsidiary organized
in 1947, conducts the Company's life insurance business. This segment will be
referred to throughout this report as NSIC, Life Company, or Life segment. NSIC
is licensed to write insurance in seven states: Alabama, Florida, Georgia, Mississippi,
South Carolina, Tennessee and Texas.
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