Private company

NATIONAL SECURITY GROUP INC

NATIONAL SECURITY GROUP INC is an American life insurance company, incorporated in Delaware.¹ It is headquartered in Elba, Alabama.¹

Last updated Oct 20, 2026.

Overview

IndustryLife Insurance¹
HeadquartersElba, Alabama¹
Incorporated inDE²
Business address661 E Davis St, Elba, Al 36323²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-0.7%Revenue growth, 2021³

0.29×Debt to equity³

$5.1MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2021

Other costs

Other costs99¢$65.5M
Interest1¢$592.0K
Income tax0¢$102.0K

Out of $66.2M in revenue.³

Where each dollar of operating cash went, fiscal 2021

Dividends paidKept or used elsewhere

Capital spending1¢$62.0K
Dividends paid12¢$608.0K
Kept or used elsewhere87¢$4.5M

Out of $5.2M of cash from operations.³

Financial statements

Revenue⁴⁵⁶⁷⁸³$66.2M in 2021+3% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Revenue	$64.0M⁴	$66.9M⁵	$65.6M⁶	$64.9M⁷	$67.4M⁸	$66.6M³	$66.2M³
Interest	$1.4M⁴	$1.4M⁵	$1.3M⁶	$1.2M⁷	$1.2M⁸	$864.0K³	$592.0K³
Income tax	$1.6M⁴	$1.0M⁵	$89.0K⁶	$286.0K⁷	$513.0K⁸	-$2.4M³	$102.0K³
Earnings per share	$1.87⁴	$1.22⁵	-$0.48⁶	$0.31⁷	$1.61⁸	-$3.41³	$0.23³
Earnings per share (diluted)						-$3.41³	$0.23³
Shares (weighted, basic)							2.5M shares³

Total assets⁴⁵⁶⁷⁸³$151.7M in 2021+3% since 2015

Total liabilities⁴⁵⁶⁷⁸³$107.9M in 2021+5% since 2015

Shareholders’ equity⁵⁶⁷⁸³$43.8M in 2021−2% since 2015

Cash⁵⁶⁷³$10.0M in 2021+48% since 2015

Long-term debt⁴⁵⁶⁷⁸³$12.7M in 2021−26% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash	$6.8M⁵	$7.4M⁶	$6.6M⁶	$5.7M⁷	$11.8M⁷	$19.9M³	$10.0M³
Property, plant and equipment							$1.5M³
Total assets	$147.8M⁴	$148.6M⁵	$146.4M⁶	$144.2M⁷	$153.9M⁸	$150.5M³	$151.7M³
Short-term debt							$500.0K³
Long-term debt	$17.1M⁴	$15.3M⁵	$14.3M⁶	$12.2M⁷	$13.7M⁸	$13.2M³	$12.7M³
Total liabilities	$103.0M⁴	$100.5M⁵	$98.8M⁶	$98.4M⁷	$100.5M⁸	$105.2M³	$107.9M³
Retained earnings							$33.6M³
Shareholders’ equity	$44.9M⁵	$48.1M⁶	$47.6M⁷	$45.9M⁸	$53.5M³	$45.4M³	$43.8M³
Shares outstanding	2.5M shares⁴	2.5M shares⁵	2.5M shares⁶	2.5M shares⁷	2.5M shares⁸	2.5M shares³	2.5M shares³

Cash from operations⁴⁵⁶⁷⁸³$5.2M in 2021−25% since 2015

Capital spending⁴⁵⁶⁷⁸³$62.0K in 2021−55% since 2015

Free cash flow⁴⁵⁶⁷⁸³$5.1M in 2021−24% since 2015

Dividends paid⁴⁵⁶⁷⁸³$608.0K in 2021+51% since 2015

Fiscal year	2015	2016	2017	2018	2019	2020	2021
Cash from operations	$6.9M⁴	$1.1M⁵	$2.3M⁶	$3.2M⁷	$5.4M⁸	-$13.9M³	$5.2M³
Depreciation and amortization							$289.0K³
Capital spending	$138.0K⁴	$94.0K⁵	$62.0K⁶	$29.0K⁷	$105.0K⁸	$51.0K³	$62.0K³
Free cash flow	$6.7M	$1.1M	$2.3M	$3.1M	$5.3M	-$13.9M	$5.1M
Cash from investing							-$13.9M³
Dividends paid	$402.0K⁴	$452.0K⁵	$504.0K⁶	$505.0K⁷	$531.0K⁸	$607.0K³	$608.0K³
Cash from financing							-$1.1M³
Dividend per share	$0.16⁴	$0.18⁵	$0.20⁶	$0.20⁷	$0.21⁸	$0.24³	$0.24³

Compare NATIONAL SECURITY GROUP INC with another company

What it owns

What NATIONAL SECURITY GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$5.5M³ Dec 31, 2021	$5.5M³ Dec 31, 2020	+0.3%
Accumulated depreciation	$4.0M³ Dec 31, 2021	$3.9M³ Dec 31, 2020	+1.4%
Property and equipment, net	$1.5M³ Dec 31, 2021	$1.6M³ Dec 31, 2020	−2.3%

Real estate and locations

Item	Latest	A year before	Change
Real estate investments, at cost	$2.7M³ Dec 31, 2021	$2.9M³ Dec 31, 2020	−9.0%

Investments

Item	Latest	A year before	Change
Debt securities available for sale	$94.7M³ Dec 31, 2021	$81.4M³ Dec 31, 2020	+16.4%
Debt securities held to maturity	$608.0K³ Dec 31, 2021	$873.0K³ Dec 31, 2020	−30.4%
Equity securities at fair value	$4.0M³ Dec 31, 2021	$4.8M³ Dec 31, 2020	−16.3%

Leadership

Who has led NATIONAL SECURITY GROUP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

William L. Brunson Jr.2007–2021

President

Chief financial officer

Brian R. McLeod2006–2021

Chief operating officer

Michey L. Murdock2007

2010201520202025

Chief executive officerWilliam L. Brunson Jr. Feb 20, 2007 to Feb 16, 2021¹⁰
PresidentJack E. Brunson Feb 20, 2007 to Feb 16, 2021¹¹
PresidentWilliam L. Brunson Jr. Feb 20, 2007 to Feb 16, 2021¹⁰
Chief financial officerBrian R. McLeod Mar 16, 2006 to Feb 16, 2021¹²
Chief operating officerMichey L. Murdock Feb 14, 2007 to Feb 20, 2007¹³

Board members and other officers (16)

Chief Operational OfficerMichey L. Murdock Feb 14, 2006 to Feb 17, 2009¹⁴
Board memberElizabeth B. Crawford May 30, 2017 to May 30, 2017¹⁵
Board memberBrian R. McLeod Aug 21, 2017 to Feb 16, 2021¹⁶
Board memberJack E. Brunson Feb 14, 2014 to Feb 16, 2021¹⁷
Board memberDrayton Nabers Jr. Mar 3, 2009 to Mar 3, 2009¹⁸
Board memberL. Brunson White Dec 3, 2008 to May 24, 2016¹⁹
Board memberWilliam L. Brunson Jr. Jun 11, 2007 to Feb 16, 2021²⁰
Board memberDonald S. Pittman Feb 14, 2006 to May 21, 2019²¹
Board memberFleming G. Brooks Feb 14, 2006 to May 22, 2018²²
Board memberFred Clark Jr. Feb 14, 2006 to Mar 2, 2021²³
Board memberJ. R. Brunson Feb 14, 2006 to Feb 14, 2007²⁴
Board memberMichey L. Murdock Feb 14, 2006 to Jun 11, 2014¹⁴
Board memberNeil Frank B. O. Feb 14, 2006 to May 25, 2021²⁵
Board memberWalter P. Wilkerson Feb 14, 2006 to Jun 11, 2014²⁶
Board memberWinfield Baird Feb 14, 2006 to Jun 11, 2014²⁷
Board memberPaul C. Wesch Mar 16, 2006 to Mar 2, 2021²⁸

Timeline

Jun 22, 20228-K Shareholder vote; Regulation FD disclosure²⁹
Jun 8, 20228-K Other events³⁰
Jun 7, 20228-K Other events³¹
May 16, 20228-K Regulation FD disclosure³²
May 12, 20228-K Regulation FD disclosure³³
Apr 28, 20228-K Other events³⁴
Mar 4, 20228-K Regulation FD disclosure³⁵
Jan 27, 20228-K Entered a material agreement; Regulation FD disclosure³⁶
Jan 27, 20228-K Other events³⁷
Nov 12, 20218-K Regulation FD disclosure³⁸
Oct 22, 20218-K Other events³⁹
Feb 20, 2007New chief executive William L. Brunson Jr. becomes CEO¹⁰

Filings

21 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 11 major events, 7 other. The latest 20:

Jul 1, 202215-12G EDGAR
Jun 30, 202225-NSE EDGAR
Jun 22, 20228-K EDGAR
Jun 8, 2022DEFA14A EDGAR
Jun 8, 20228-K/A EDGAR
Jun 7, 2022DEFA14A EDGAR
Jun 7, 20228-K EDGAR
May 23, 2022DEFM14A EDGAR
May 16, 202210-Q EDGAR
May 16, 20228-K EDGAR
May 12, 20228-K EDGAR
May 9, 2022PRER14A EDGAR
Apr 28, 20228-K EDGAR
Mar 31, 2022PRE 14A EDGAR
Mar 23, 202210-K EDGAR
Mar 4, 20228-K EDGAR
Jan 27, 20228-K EDGAR
Jan 27, 20228-K EDGAR
Nov 12, 202110-Q EDGAR
Nov 12, 20218-K EDGAR

The 21 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How NATIONAL SECURITY GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNATIONAL SECURITY GROUP INC¹
CIK0000865058
Employer ID (EIN)63-1020300¹
Filer statusNon-accelerated filer<br>smaller reporting company¹
Incorporated inDelaware¹
Fiscal year endsDecember 31¹
Industry code (SIC)6311 Life Insurance¹
Business address661 E Davis St, Elba, AL 36323¹
Phone2058972273¹
Shares outstanding2,532,632 as of May 16, 2022⁹
Public float$11.4M as of Jun 30, 2021³
On EDGAR sinceMay 13, 1996¹
Filings753 in all: 4 (244), 8-K (215), 5 (94), 10-Q (79), 10-K (26), DEF 14A (25), DEFA14A (13), 4/A (9)¹
All 26 form types
UPLOAD (7), 3 (6), 8-K/A (6), 10-K/A (5), CORRESP (5), SC 13D/A (4), 10-Q/A (2), S-8 (2), SC 13G/A (2), 15-12G (1), 25-NSE (1), 3/A (1), 5/A (1), DEFM14A (1), PRE 14A (1), PRER14A (1), SC 13D (1), SC 13G (1)
Latest filingsAnnual report (10-K) Mar 23, 2022
Quarterly report (10-Q) May 16, 2022
Proxy statement (DEF 14A) Apr 7, 2021
Latest 8-K (8-K) Jun 22, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARNATIONAL SECURITY GROUP INC filings on SEC EDGAR
2
SEC EDGARNATIONAL SECURITY GROUP INC filings on SEC EDGAR
3
SEC EDGARNATIONAL SECURITY GROUP INC 10-K for fiscal 2021
4
SEC EDGARNATIONAL SECURITY GROUP INC 10-K for fiscal 2015
5
SEC EDGARNATIONAL SECURITY GROUP INC 10-K for fiscal 2016
6
SEC EDGARNATIONAL SECURITY GROUP INC 10-K for fiscal 2017
7
SEC EDGARNATIONAL SECURITY GROUP INC 10-K for fiscal 2018
8
SEC EDGARNATIONAL SECURITY GROUP INC 10-K for fiscal 2019
9
SEC EDGARNATIONAL SECURITY GROUP INC 10-Q for fiscal 2022
10
SEC EDGARWilliam L. Brunson Jr., Chief executive officer
11
SEC EDGARJack E. Brunson, President
12
SEC EDGARBrian R. McLeod, Chief financial officer
13
SEC EDGARMichey L. Murdock, Chief operating officer
14
SEC EDGARMichey L. Murdock, Chief Operational Officer
15
SEC EDGARElizabeth B. Crawford, Board member
16
SEC EDGARBrian R. McLeod, Board member
17
SEC EDGARJack E. Brunson, Board member
18
SEC EDGARDrayton Nabers Jr., Board member
19
SEC EDGARL. Brunson White, Board member
20
SEC EDGARWilliam L. Brunson Jr., Board member
21
SEC EDGARDonald S. Pittman, Board member
22
SEC EDGARFleming G. Brooks, Board member
23
SEC EDGARFred Clark Jr., Board member
24
SEC EDGARJ. R. Brunson, Board member
25
SEC EDGARNeil Frank B. O., Board member
26
SEC EDGARWalter P. Wilkerson, Board member
27
SEC EDGARWinfield Baird, Board member
28
SEC EDGARPaul C. Wesch, Board member
29
SEC EDGARShareholder vote; Regulation FD disclosure
30
SEC EDGAROther events
31
SEC EDGAROther events
32
SEC EDGARRegulation FD disclosure
33
SEC EDGARRegulation FD disclosure
34
SEC EDGAROther events
35
SEC EDGARRegulation FD disclosure
36
SEC EDGAREntered a material agreement; Regulation FD disclosure
37
SEC EDGAROther events
38
SEC EDGARRegulation FD disclosure
39
SEC EDGAROther events