The National Security Group, Inc. Releases Second Quarter Earnings
August 14 2008 - 4:21PM
Business Wire
Results for the three months and six months ended June 30, 2008 and
2007, based on accounting principles generally accepted in the
United States of America, were reported today as follows: � � �
Three Months Ended June 30 Six Months Ended June 30 � � 2008 2007
2008 2007 � Premium Income $ 13,968,000 $ 14,892,000 $ 30,554,000 $
30,449,000 Investment Income 1,241,000 1,200,000 2,562,000
2,413,000 Realized Investment Gains 82,000 327,000 148,000 533,000
Other Income 352,000 � 258,000 673,000 559,000 Total Revenues $
15,643,000 � $ 16,677,000 $ 33,937,000 $ 33,954,000 � Income from
Continuing Operations $ (36 ) $ 340,000 $ 746,000 $ 1,664,000
Income (Loss) from Discontinued Operations - � 1,460,000 -
1,319,000 Net Income $ (36 ) $ 1,800,000 $ 746,000 $ 2,983,000 �
Earnings Per Share from Continuing Operations $ (0.01 ) $ 0.14 $
0.30 $ 0.67 Earnings (Loss) Per Share from Discontinued Operations
- � 0.59 - 0.54 Net Earnings Per Common Share $ (0.01 ) $ 0.73 $
0.30 $ 1.21 � The National Security Group, Inc. (NASDAQ:NSEC),
through its property & casualty and life insurance
subsidiaries, offer property, casualty, life, accident and health
insurance in twelve states.
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