8-K

UNITED STATES
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): October 5, 2012

THE NATIONAL SECURITY GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-18649		63-1020300
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
661 East Davis Street
Elba, Alabama			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:

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

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

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

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

Item 8.01. Other Events

On October 5, 2012, The National Security Group, Inc. issued a press release announcing preliminary loss estimates for Hurricane Isaac. 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

(d) Exhibits.

Exhibit No.	Description of Document
1.	Press release, dated October 5, 2012, 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.

	The National Security Group, Inc.
Dated: October 5, 2012	By: /s/ Brian R. McLeod
	Brian R. McLeod Chief Financial Officer

EX-99.1

661 East Davis Street

Post Office Box 703

Elba, Alabama 36323

PRESS RELEASE

FOR IMMEDIATE RELEASE

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

The National Security Group, Inc. Announces Hurricane Isaac Estimated Losses

ELBA, ALABAMA (October 5, 2012)…Hurricane Isaac made a Gulf Coast landfall exactly seven years following the landfall of Katrina on August 29, 2012.  Hurricane Isaac moved inland at a very slow rate of speed prolonging the damage caused by hurricane and tropical storm force winds within the Company's coverage area.  The Company's policyholders were also impacted by inland tornadoes stemming from the storm system. 

The Company maintains catastrophe reinsurance to mitigate the impact of single large catastrophic events.  As disclosed in the Notes to Condensed Consolidated Financial Statements, under the catastrophe reinsurance program, the Company retains the first $4,000,000 in losses from each event.  The Company does not anticipate Isaac losses reaching the first layer of reinsurance based on preliminary loss estimates.  Pre-tax losses from Hurricane Isaac are expected to fall within a range of $3.2 to $3.6 million.  Based on these preliminary estimates, third quarter and year to date net income will be reduced by between $2.1 and $2.4 million or between $0.86 to $0.96 per share. 

Gross loss estimates were derived by an evaluation of reported claims to date which is the best information available to management at this time.  While gross loss estimates are subject to change, the net impact of any additional reported claims on net incurred losses or net income is not expected to vary materially from current estimates disclosed above. 

Losses stemming from Hurricane Isaac will have a material impact on third quarter and year to date earnings.  However, our ability to continue operations, serve our policyholders and work toward our long term goal of providing value to our stockholders will not be affected.

The National Security Group, Inc. (NASDAQ Symbol:  NSEC), through its property & casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in twelve states.  The Company writes primarily personal lines property coverage including dwelling fire and windstorm, homeowners and mobile homeowners lines of insurance.  The Company also offers life, accident and health, supplemental hospital and cancer insurance products.  The Company was founded in 1947 and is based in Elba, Alabama.