National Security Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income of $651,000 $0.26 loss per share for the three-months ended September 30, 2009 compared to a net loss of $6,945 000 $2.82 loss per share for same period last year. The improvement in net income is primarily related to the lack of hurricane activity and fewer investment write downs due to other-than-temporary impairments during the quarter ended September 30, 2009. Premium revenue for the three-month period ended September 30, 2009 increased $2,650,000 compared to the same period last year. Catastrophe reinstatement premium related to Hurricane Gustav reduced third quarter 2008 premium revenue by $1,600,000 in 2008 and was the primary contributor to lower premium revenue in 2008 compared to 2009. The company reported net income of $2,224,000 $0.90 per share for the nine-months ended September 30, 2009 compared to a net loss of $6,199 000 $2.51 loss per share for the same period last year. As with results for the quarter, the improvement in year-to-date net income compared to the same period last year is related to the lack of hurricane activity and only $286,000 in other-than-temporary impairments compared to $1,722,000 being recognized in earnings. Premium revenue for the nine-months ended September 30, 2009 increased 6.4% to $44,950,000 compared to $42,261,000 for the same period last year. Moderate increases in written premiums in the dwelling property lines of business during 2009 coupled with a reduction in ceded reinsurance premium cost were the primary factors contributing to the increase in earned premium.

National Security Group Inc. declared a quarterly dividend of $0.15 per share. This represents an annual indicated dividend rate of $0.60 per share. This cash dividend is payable on November 30, 2009 to shareholders of record November 9, 2009.

National Security Group Inc. reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company's net income totaled $92,000, $0.04 per share, compared to a net loss of $36,000, $0.01 per share, for the same period last year. Increased spring storm activity was the primary factor contributing to reduced earnings for the second quarter in both 2009 and 2008. Total revenues were $16,708,000 against $15,643,000 a year ago. For the six months, the company had net income of $1,573,000, $0.64 per share compared to $746,000, $0.30 per share, for the same period last year. The primary reason for the increase in net income compared to last year was much improved first quarter results in 2009. Total revenues were $33,307,000 against $33,937,000 a year ago.