The National Security Group, Inc. Releases Financial Results
The National Security Group, Inc. (NASDAQ:NSEC) reported its financial results for the year and three months ended December 31, 2020. Key figures include gross premiums written of $14,976,000 for Q4 2020, a slight increase from $14,895,000 in Q4 2019, and a total for the year at $68,782,000 compared to $67,529,000 in 2019. Net premiums written also showed growth, reaching $13,218,000 in Q4 2020 versus $12,996,000 in Q4 2019, while annual figures were $61,406,000 against $60,411,000 in 2019. Overall, the results reflect stable performance amidst competitive market conditions.
- Gross premiums written increased to $14,976,000 in Q4 2020 from $14,895,000 in Q4 2019.
- Annual gross premiums written rose to $68,782,000 in 2020 from $67,529,000 in 2019.
- Net premiums written for Q4 2020 reached $13,218,000 compared to $12,996,000 in Q4 2019.
- Total net premiums written for the year increased to $61,406,000 from $60,411,000.
- None.
The National Security Group, Inc. (NASDAQ:NSEC) results for the three months and year ended December 31, 2020 and 2019, based on U.S. generally accepted accounting principles, were reported today as follows:
Unaudited Consolidated Financial Summary |
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Three months ended December 31, |
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Year ended December 31, |
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2020 |
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2019 |
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2020 |
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2019 |
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Gross premiums written |
|
$ |
14,976,000 |
|
|
$ |
14,895,000 |
|
|
$ |
68,782,000 |
|
|
$ |
67,529,000 |
|
Net premiums written |
|
$ |
13,218,000 |
|
|
$ |
12,996,000 |
|
|
$ |
61,406,000 |
|
|
$ |
60,411,000 |
|
FAQ
What were the Q4 2020 results for National Security Group, Inc. (NSEC)?
How did the annual performance of NSEC change from 2019 to 2020?
What was the trend in premiums written by NSEC in 2020?
