Rhea-AI Summary
The National Security Group, Inc. (NASDAQ:NSEC) released preliminary estimates of catastrophe losses from Hurricanes Sally, Delta, and an updated estimate from Hurricane Laura. The pre-tax loss from Hurricane Sally is estimated at $2,000,000, impacting 2020 earnings by $1,580,000. Hurricane Laura's gross losses are now estimated between $17,000,000 and $19,000,000, with a pre-tax loss of $2,250,000 anticipated. Hurricane Delta is estimated to cause pre-tax losses ranging from $2,500,000 to $3,500,000. The company maintains catastrophe reinsurance to mitigate loss exposure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.80%
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