EX-99.1 3 ex991.htm

                Ex. 99.1

 


The National Security Group, Inc.

661 East Davis Street

Post Office Box 703

Elba, Alabama 36323




PRESS RELEASE

FOR IMMEDIATE RELEASE

The National Security Group, Inc. Releases First Quarter Earnings

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




 

Elba, Alabama (May 16, 2008)...Results for the three months ended March 31, 2008 and 2007, based on accounting principles generally accepted in the United States of America, were reported today as follows:

 

 

 

Three Months Ended March 31

 

 

 

 

 

 

 

2008

 

2007

 

 

 

 

 

Premium Income

$

16,586,000

$

15,557,000

Investment Income

 

1,321,000

 

1,213,000

Realized Investment Gains

 

66,000

 

206,000

Other Income

 

321,000

 

301,000

Total Revenues

$

18,294,000

$

17,277,000

 

 

 

 

 

Net Income

$

782,000

$

1,183,000

 

 

 

 

 

Net Income Per Share

$

0.32

$

0.48

 

 

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