NSEC Profile
National Security Group, Inc. (NSEC) is an insurance holding company that provides property and casualty insurance, life insurance, and other insurance products. The company is based in Elba, Alabama, and was founded in 1947.
As of market close on March 4th, 2023, the current market capitalization of NSEC was approximately $26.87 million.
National Security Group's products are primarily sold through independent agents, and the company's target market is rural communities and small towns in the southeastern United States. The company's property and casualty insurance products include homeowners, mobile homeowners, and dwelling fire insurance, while its life insurance products include whole life, term life, and accidental death and dismemberment insurance.
National Security Group has a strong financial position, with a history of consistent profitability and a focus on maintaining disciplined underwriting practices. The company has also pursued strategic acquisitions to expand its product offerings and geographic reach.
Overall, National Security Group is a company that is focused on providing insurance products to underserved markets in the southeastern United States. While the company operates in a competitive industry, it has shown resilience and a commitment to maintaining a strong financial position through disciplined underwriting practices and strategic acquisitions.
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