The National Security Group, Inc.
661 East Davis Street
Post Office Box 703
Elba, Alabama 36323 EXHIBIT 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

For Additional Information: Contact Brian R. McLeod, Chief Financial Officer at (334) 897-2273 Ext. 241.

Elba, Alabama (February 27, 2004)…Results for the three months and nine months ended December 31, 2003 and 2002, based on accounting principles generally accepted in the United States of America, were reported today as follows:

	Three Months Ended December 31		Year Ended December 31
	2003	2002	2003	2002
Premium Earned	$13,187,000	$ 9,044,000	$47,536,000	$32,631,000
Investment Income	1,083,000	1,058,000	4,394,000	4,442,000
Realized Investment Gains	701,000	803,000	1,416,000	1,168,000
Total Revenues	$15,295,000	$ 11,304,000	$54,712,000	$39,442,000
Net Income	$     1,082,000	$    292,000	$  4,090,000	$     908,000
Net Income Per Share	$           0.43	$          0.12	$           1.65	$           0.37

The National Security Group, Inc., through its property & casualty and life insurance subsidiaries, offer property, casualty, life, accident and health insurance in twelve states.

NASDAQ Symbol: NSEC

Contact: Brian R. McLeod, Treasurer and Chief Financial Officer
The National Security Group, Inc.
661 East Davis Street
Post Office Box 703
Elba, Alabama 36323
(334) 897-2273, ext. 241