National Security Group, Inc. (NSEC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
661 E DAVIS ST ELBA, AL 36323 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6311 - Life Insurance (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
3/31/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 10,693 | 6,491 | 11,809 | 5,783 | 6,751 | 7,475 | |||
Cash and cash equivalents | 6,716 | 6,491 | 11,809 | 5,676 | 6,644 | 7,368 | |||
Short-term investments | 3,977 | 107 | 107 | 107 | |||||
Receivables | 1,463 | 393 | 941 | ||||||
Total current assets: | 10,693 | 6,491 | 11,809 | 7,246 | 7,144 | 8,416 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 389 | ✕ | ✕ | ✕ | |||||
Property, plant and equipment | 1,536 | 1,572 | 1,630 | 1,649 | 1,781 | 1,880 | |||
Deferred income tax assets | 2,403 | 706 | ✕ | ✕ | ✕ | ||||
Total noncurrent assets: | 3,939 | 2,278 | 2,019 | 1,649 | 1,781 | 1,880 | |||
Other undisclosed assets | 137,051 | 141,771 | 140,106 | 135,336 | 137,513 | 138,283 | |||
TOTAL ASSETS: | 151,683 | 150,540 | 153,934 | 144,231 | 146,438 | 148,579 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 750 | ||||||||
Accrued liabilities | 750 | ||||||||
Debt | 500 | 500 | 500 | 2,200 | 1,300 | 1,800 | |||
Total current liabilities: | 1,250 | 500 | 500 | 2,200 | 1,300 | 1,800 | |||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 106,631 | 104,674 | 99,973 | 96,165 | 97,513 | 98,727 | |||
Total liabilities: | 107,881 | 105,174 | 100,473 | 98,365 | 98,813 | 100,527 | |||
Equity | |||||||||
Equity, attributable to parent | 43,802 | 45,366 | 53,461 | 45,866 | 47,625 | 48,052 | |||
Common stock | 2,535 | 2,533 | 2,532 | 2,527 | 2,522 | 2,517 | |||
Treasury stock, value | (43) | (43) | (7) | ||||||
Additional paid in capital | 5,650 | 5,626 | 5,602 | 5,554 | 5,483 | 5,412 | |||
Accumulated other comprehensive income (loss) | 2,021 | 3,585 | 2,443 | (1,570) | 2,646 | 1,007 | |||
Retained earnings | 33,639 | 33,665 | 42,891 | 39,355 | 36,974 | 39,116 | |||
Total equity: | 43,802 | 45,366 | 53,461 | 45,866 | 47,625 | 48,052 | |||
TOTAL LIABILITIES AND EQUITY: | 151,683 | 150,540 | 153,934 | 144,231 | 146,438 | 148,579 |
Income Statement (P&L) ($ in thousands)
3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Revenues | 66,210 | 66,649 | 67,399 | 64,857 | 65,640 | 66,893 | ||
Premiums earned, net | 61,423 | 60,810 | 59,883 | ✕ | ✕ | |||
Financial services revenue | ✕ | ✕ | ✕ | ✕ | 60,856 | 61,163 | 61,398 | |
Cost of revenue | (47,204) | (59,962) | (44,527) | (46,163) | (48,903) | (44,557) | ||
Policyholder benefits and claims incurred, net | (41,272) | (53,930) | (38,598) | ✕ | ✕ | |||
Financial services costs | ✕ | ✕ | ✕ | ✕ | (40,409) | (42,869) | (38,847) | |
Gross profit: | 19,006 | 6,687 | 22,872 | 18,694 | 16,737 | 22,336 | ||
Operating expenses | (17,730) | (16,841) | (17,127) | (16,394) | (16,544) | (16,890) | ||
Operating income (loss): | 1,276 | (10,154) | 5,745 | 2,300 | 193 | 5,446 | ||
Interest and debt expense | (592) | (864) | (1,165) | (1,235) | (1,307) | (1,352) | ||
Income (loss) from continuing operations before income taxes: | 684 | (11,018) | 4,580 | 1,065 | (1,114) | 4,094 | ||
Income tax expense (benefit) | (102) | 2,399 | (513) | (286) | (89) | (1,031) | ||
Income (loss) from continuing operations: | 582 | (8,619) | 4,067 | 779 | (1,203) | 3,063 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | 582 | (8,619) | 4,067 | 779 | (1,203) | 3,063 | |
Net income (loss) available to common stockholders, diluted: | 582 | (8,619) | 4,067 | 779 | (1,203) | 3,063 |
Comprehensive Income ($ in thousands)
3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Net income (loss): | 582 | (8,619) | 4,067 | 779 | (1,203) | 3,063 | ||
Other comprehensive income (loss) | (1,564) | 1,142 | 4,013 | (2,109) | 1,204 | 482 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (982) | (7,477) | 8,080 | (1,330) | 1 | 3,545 |
Statements Sources
The financial statements are based on the Company's filings with 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.