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): February 25, 2005

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 ex ly set forth by specific reference in such a filing.

On February 25, 2005, The National Security Group, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 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 February 25, 2005, 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: February 25, 2005 National Security Group, Inc.


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

EX-99.1

The National Security Group, Inc.
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 @ (334) 897-2273 Ext. 241.

Elba, Alabama (February 25, 2005)—The National Security Group, Inc. (Nasdaq: NSEC) today announced its financial results for the year ended December 31, 2004. Total revenues for the year increased 13.1% to $63,246,000 compared to $55,917,000 for 2003. Leading the increase in total revenue was a fourth consecutive year of sequential double-digit growth in insurance premiums earned which increased 11.5% in 2004 to a Company record $52,985,000 compared to $47,536,000 for the year 2003. Net income for the year declined 23.9% to $3,113,000, or $1.26 per share, compared with net income of $4,090,000, or $1.66 per share for 2003. Third quarter losses from Hurricane Ivan were the primary reason for the decline in net income. Losses and related expenses from Hurricane Ivan reduced 2004 net income by approximately $3,611,000 or $1.47 per share.

	Three Months Ended December 31				Year Ended December 31
	2004		2003		2004		2003
Premium Earned	$	13,113,000	$	13,187,000	$	52,985,000	$	47,536,000
Investment Income		1,018,000		826,000		4,328,000		4,137,000
Realized Investment Gains		507,000		701,000		2,162,000		1,416,000
Revenues from Leasing Operations		567,000		403,000		2,459,000		1,433,000
Other Income		315,000		353,000		1,312,000		1,395,000
Total Revenues		15,520,000		15,470,000		63,246,000		55,917,000
Net Income	$	1,238,000	$	1,082,000	$	3,113,000	$	4,090,000
Net Income Per Share	$	0.50	$	0.43	$	1.26	$	1.66

The National Security Group, Inc., through three wholly owned subsidiaries, offers a range of personal lines life, accident and health, property and liability insurance in twelve states. The Company is listed on the NASDAQ National Market under the symbol: NSEC.

Contact: Brian McLeod, Treasurer
The National Security Group, Inc.
P.O. Box 703
Elba, Alabama 36323