The National Security Group, Inc. Releases Second Quarter Earnings

  
    
  
  
    
      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.