Reported Earnings • May 17
First quarter 2022 earnings released: EPS: US$0.38 (vs US$0.28 in 1Q 2021) First quarter 2022 results: EPS: US$0.38 (up from US$0.28 in 1Q 2021). Revenue: US$16.2m (flat on 1Q 2021). Net income: US$963.0k (up 33% from 1Q 2021). Profit margin: 5.9% (up from 4.4% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Mar 06
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.23 (up from US$3.41 loss in FY 2020). Revenue: US$66.2m (flat on FY 2020). Net income: US$582.0k (up US$9.20m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). Combined ratio: 102.7% (down from 126.1% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2021 earnings released The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$16.7m (down 6.2% from 3Q 2020). Net loss: US$644.0k (loss narrowed 17% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Oct 29
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 05 November 2021. Payment date: 30 November 2021. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (3.5%). In line with average of industry peers (2.2%). Reported Earnings • Aug 14
Second quarter 2021 earnings released The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: US$16.2m (down 3.5% from 2Q 2020). Net loss: US$1.04m (loss narrowed 78% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$16.3m (up 8.2% from 1Q 2020). Net income: US$722.0k (up US$1.58m from 1Q 2020). Profit margin: 4.4% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 23
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 30 April 2021. Payment date: 28 May 2021. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (3.5%). In line with average of industry peers (2.4%). Reported Earnings • Mar 21
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$66.6m (down 1.1% from FY 2019). Net loss: US$8.62m (down 312% from profit in FY 2019). Combined ratio: 126.1% (up from 100.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 28
Full year 2020 earnings released: US$3.41 loss per share (vs US$1.61 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$66.6m (down 1.1% from FY 2019). Net loss: US$8.62m (down 312% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 14
Third quarter 2020 earnings released: US$0.30 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: US$17.8m (up 9.5% from 3Q 2019). Net loss: US$778.0k (down 281% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. お知らせ • Jul 21
The National Security Group, Inc. Provides Estimates of Catastrophe Losses for the Second Quarter Ended June 30, 2020 The National Security Group, Inc. released a preliminary estimate of catastrophe losses (referred to as "cat events" or "catastrophe events") from property and casualty subsidiary National Security Fire & Casualty (NSFC) for the three and six months periods ending June 30, 2020. During the second quarter of 2020, NSFC was negatively impacted by multiple severe weather events that contributed to elevated insured losses due to damage from strong winds, hail and tornadoes. NSFC was impacted by 15 catastrophe events which produced 1,464 reported policyholder claims totaling $9,739,000. In comparison, NSFC was impacted by 11 catastrophe events during the second quarter of 2019 from 378 reported claims totaling $1,908,000. April of 2020 was company's most active month of any spring storm season since 2011, with six cat events occurring during the month. These six cat events impacted policyholders in every state in which NSFC operates and generated $7,806,000 in insured losses during the second quarter of 2020 from 1,133 reported claims through June 30, 2020. For comparison, in April of 2019, we
incurred losses from five cat events totaling $1,092,000 from 221 reported claims. For the first six months of 2020, NSFC had 2,002 reported claims from 20 cat events through June 30, 2020 totaling $11,991,000. In comparison, NSFC was impacted by 14 cat events through June 30, 2019 from 519 reported claims totaling $2,863,000. The company's second quarter and year to date results of operations for the period ended June 30, 2020 will be materially impacted by these catastrophe losses.