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The National Security Group, Inc. Releases Financial Results

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The National Security Group, Inc. (NASDAQ:NSEC) results for the three months and year ended December 31, 2020 and 2019, based on U.S. generally accepted accounting principles, were reported today as follows:

Unaudited Consolidated Financial Summary

 

Three months ended

December 31,

 

Year ended

December 31,

 

 

2020

 

2019

 

2020

 

2019

Gross premiums written

 

$

14,976,000

 

 

$

14,895,000

 

 

$

68,782,000

 

 

$

67,529,000

 

Net premiums written

 

$

13,218,000

 

 

$

12,996,000

 

 

$

61,406,000

 

 

$

60,411,000

National Security Group, Inc.

NASDAQ:NSEC

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Third Party Administration of Insurance and Pension Funds
Finance and Insurance
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Finance, Property/Casualty Insurance, Multi-Line Insurance, Finance and Insurance, Third Party Administration of Insurance and Pension Funds
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About NSEC

The National Security Group, Inc. is an insurance holding company. The Company, through its wholly owned subsidiaries, operates in two segments: property and casualty insurance and life insurance. The property and casualty subsidiaries of the Company, National Security Fire and Casualty and Omega One Insurance Company, primarily writes personal lines dwelling coverage, including dwelling fire and windstorm, homeowners and mobile homeowners lines of insurance in approximately ten states. Its life insurance subsidiary, National Security Insurance Company, offers a basic line of life and health and accident insurance products in approximately seven states. The Company operates across Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee and West Virginia.