Welcome to our dedicated page for National Westn Life Group news (Ticker: NWLI), a resource for investors and traders seeking the latest updates and insights on National Westn Life Group stock.
National Western Life Group, Inc. (NWLI) provides investors and policyholders with timely updates through its centralized news hub. Track official announcements, financial disclosures, and strategic developments from this leading provider of life insurance and annuity products.
This resource aggregates NWLI's press releases, regulatory filings, and market-related updates to serve as a comprehensive reference for stakeholders. Users will find information on earnings reports, product innovations, leadership changes, and compliance milestones, all essential for assessing the company's position in global insurance markets.
With operations spanning 50 U.S. states and select international jurisdictions, NWLI's news reflects its commitment to financial security solutions. The curated content enables users to monitor the company's disciplined underwriting practices and risk management strategies through primary source materials.
Bookmark this page for direct access to National Western Life Group's official communications, ensuring you stay informed about developments affecting life insurance products, annuity offerings, and corporate governance updates.
National Western Life Group (NASDAQ: NWLI) and Prosperity Life Group announced the expected closing of a $1.9 billion cash merger, following regulatory approvals. S. USA Life Insurance Company, Inc. (SUSA), a subsidiary of Prosperity Life Group, will acquire National Western. The transaction, unanimously approved by National Western's Board of Directors and shareholders, will convert each National Western common share into $500 in cash at closing, anticipated no later than July 11, 2024.
National Western Life Group, Inc. reported strong first quarter 2024 earnings with net earnings of $73.6 million, revenues increasing by 29% to $197.6 million, and a book value per share of $686.73. The company experienced growth in sales activity, benefiting from equity market gains and rising interest rates. Additionally, they are working on finalizing a merger agreement with Prosperity Life Group.
National Western Life Group, Inc. (NASDAQ: NWLI) reported a decline in consolidated net earnings for 2022, totaling $101.1 million or $28.60 per diluted Class A share, down from $180.7 million or $51.10 in 2021. Total revenues also decreased to $558.4 million from $824.1 million. However, premiums and contract revenues rose slightly to $226.9 million. Book value per share reached $552.04 as of December 31, 2022, up from $639.09 a year earlier, despite challenges posed by higher interest rates impacting investment revenues.
National Western Life Group (NWLI) reported Q3 2022 net earnings of $21.8 million ($6.15 per share), a decline from $39.8 million ($11.27 per share) in Q3 2021. For the nine months ending September 30, 2022, total earnings were $88.7 million ($25.09 per share), down from $151.9 million ($42.95 per share) in the prior year. The company faced a $22.3 million drop in pretax earnings compared to last year, primarily due to annual updates of actuarial assumptions. Additionally, net investment income fell to $79.5 million from $89 million year-over-year, largely influenced by rising interest rates.
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