National Security Group, Inc. (NSEC) financial statements (2020 and earlier)

Company profile

Business Address 661 E DAVIS ST
ELBA, AL 36323
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12677765
Cash and cash equivalents12677765
Short-term investments 0000  
Receivables 101   
Income taxes receivable0
Total current assets:12778765
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment2222222
Total noncurrent assets:2222222
Other undisclosed assets140135138138139136127
TOTAL ASSETS:154144146149148145134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    00 
Taxes payable    00 
Debt1212113
Total current liabilities:1212113
Noncurrent Liabilities
Other undisclosed liabilities10096989910210197
Total liabilities:1009899101103102101
Stockholders' equity
Stockholders' equity attributable to parent53464848454333
Common stock3333332
Treasury stock, value(0)      
Additional paid in capital6655555
Accumulated other comprehensive income (loss)2(2)31131
Retained earnings43393739373225
Total stockholders' equity:53464848454333
TOTAL LIABILITIES AND EQUITY:154144146149148145134

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues67656667646461
Premiums earned, net60 
Financial services revenue616161595752
Cost of revenue(45)(46)(49)(45)(40)(33)(33)
Policyholder benefits and claims incurred, net(39) 
Financial services costs(40)(43)(39)(34)(31)(31)
Gross profit:23191722243128
Operating expenses(17)(16)(17)(17)(17)(10)(8)
Operating income:620582120
Nonoperating expense
(Investment Income, Nonoperating)
     (0)(0)
Interest and debt expense(1)(1)(1)(1)(1)(2)(2)
Income (loss) from continuing operations before income taxes:51(1)462018
Income tax expense(1)(0)(0)(1)(2)(2)(2)
Net income (loss) attributable to parent:41(1)351816
Other undisclosed net loss available to common stockholders, basic     (10)(10)
Net income (loss) available to common stockholders, diluted:41(1)3586

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):41(1)351816
Other comprehensive income (loss)4(2)10(2)2(2)
Comprehensive income (loss):8(1)0422014
Other undisclosed comprehensive loss, net of tax, attributable to parent     (10)(10)
Comprehensive income (loss), net of tax, attributable to parent:8(1)04293

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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