8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 12, 2004

THE NATIONAL SECURITY GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware	0-18649	63-1020300
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification
incorporation)		No.)
661 East Davis Street
Elba, Alabama 36323		36323
(Address of principal executive offices)		(Zip Code)
Registrant's telephone number, including area code:	(334) 897-2273
	N/A
	(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

In accordance with Securities and Exchange Commission Release No. 33-8216, the following information is furnished to the Securities and Exchange Commission pursuant to Item 12, “Disclosure of Results of Operations and Financial Condition.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On November 12, 2004, The National Security Group, Inc. issued a press release announcing selected operating results for the quarter ended September 30, 2004. A copy of this press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit No.      Description of Document

      99.1           Press release, dated November 12, 2004, issued by The National Security Group, Inc.

SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: November 16, 2004

The National Security Group, Inc.


By: /s/ Brian R. McLeod
——————————————
Brian R. McLeod
Chief Financial Officer

EX-99.1

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

PRESS RELEASE

FOR IMMEDIATE RELEASE

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

Elba, Alabama (November 12, 2004)…Results for the three months and nine months ended September 30, 2004 and 2003, based on accounting principles generally accepted in the United States of America, were reported today as follows:

	Three Months Ended September 30					Nine Months Ended September 30
	2004			2003		2004		2003
Net insurance premiums earned	$	11,972,000		$	12,397,000	$	39,872,000	$	34,349,000
Net investment income		1,072,000			1,069,000		3,310,000		3,311,000
Realized Investment Gains		569,000			54,000		1,655,000		715,000
Revenue from leasing operations		989,000			465,000		1,892,000		1,030,000
Other Income		319,000			341,000		997,000		1,042,000
Total Revenues	$	14,921,000		$	14,326,000	$	47,726,000	$	40,447,000
Net Income	$	(1,622,000	)	$	912,000	$	1,875,000	$	3,008,000
Net Income Per Share	$	(0.66	)	$	0.37	$	0.76	$	1.22

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