National Westn Life Group Inc Stock Price, News & Analysis

National Western Life Insurance Company launched the NWL® New Frontiers, a fixed indexed annuity granting access to the exclusive J.P. Morgan Factor Focus^SM Index. This innovative product facilitates market gains and accumulation, with index strategies spanning one, two, and six-year durations. The six-year option includes a Lock-In Index Value feature. Exclusively available through The Sterling Group, this launch marks a significant partnership development. As of June 30, 2022, National Western maintains total assets of $13.3 billion and stockholders' equity of $2.1 billion.

National Western Life Insurance Company (Nasdaq: NWLI) announced a strategic annuity reinsurance transaction with Aspida Life Re Ltd., effective July 1, 2022. This partnership aims to enhance National Western Life's market position and distribution capabilities, facilitating the launch of innovative financial products. The transaction includes reinsurance of a $250 million block of fixed-indexed annuities, allowing for improved competitiveness and financial flexibility. National Western Life reported consolidated total assets of $13.3 billion and stockholders' equity of $2.1 billion as of June 30, 2022.

On August 8, 2022, National Western Life Group (Nasdaq: NWLI) reported a decline in second-quarter 2022 earnings, with consolidated net earnings of $30.8 million or $8.70 per diluted Class A share, down from $49.9 million or $14.11 a year earlier. For the first half of 2022, net earnings were $66.9 million, down from $112.0 million in 2021. Total revenues for Q2 2022 were $117.2 million, a significant drop from $222.2 million in Q2 2021, primarily due to negative fair market value adjustments. The company's book value per share was $576.33.

National Western Life Insurance Company (NWLI) has formed a strategic alliance with Achaean Financial Holdings to introduce a pioneering single premium immediate annuity named NWL® Income +. Set to launch in Q3 2022, this product aims to provide competitive initial payments and a growth component to help policyholders manage inflation. With total assets of $13.8 billion and stockholders' equity of $2.3 billion as of March 31, 2022, National Western Life emphasizes its commitment to innovative financial solutions for retirement planning.

National Western Life Group, Inc. (NWLI) reported a 42% decline in total revenues for Q1 2022, totaling $134.3 million, primarily due to unrealized investment losses. The company's net earnings fell to $36.2 million, or $10.23 per diluted share, from $62.1 million in Q1 2021. As of March 31, 2022, book value per share decreased to $632.00 from $698.48. Key factors included significant unrealized losses on investments, shifting from a gain of $476 million at year-end 2021 to a loss of $155.3 million in Q1 2022.

National Western Life Group, Inc. (Nasdaq: NWLI) reported substantial growth in 2021, with consolidated net earnings reaching $180.7 million, marking a 96% increase from 2020. Earnings per diluted Class A share were $51.10, compared to $26.11 the previous year. The company achieved record life insurance sales, driven by high demand for single premium products, and saw annuity sales nearly 80% higher than two years prior. As of December 31, 2021, book value per share stood at $698.48, with total assets of $14.3 billion.

National Western Life Group (NWLI) reported third quarter 2021 net earnings of $39.8 million ($11.27 per share), a significant increase from $10.8 million ($3.06 per share) in Q3 2020. For the first nine months of 2021, net earnings rose to $151.9 million ($42.95 per share), up from $57.2 million ($16.17 per share) over the same period in 2020. The company saw a 18% increase in life and annuity sales in Q3 compared to the previous year. As of September 30, 2021, total assets stood at $14.4 billion with a book value per share of $703.03.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of 'a' (Excellent) for National Western Life Insurance Company (NWLIC). The outlook for these ratings is stable. NWLIC's ratings reflect its strong balance sheet and adequate operating performance. Despite increases in premiums, the company has seen a declining trend in net premiums written due to reduced annuity production. Ozark National Life Insurance Company received similar ratings, and its integration with NWLIC will be monitored closely.

National Western Life Group, Inc. (NWLI) reported second quarter 2021 net earnings of $49.9 million ($14.11 per diluted share), up from $48.4 million ($13.69 per share) year-over-year. For the first six months, net earnings reached $112.0 million ($31.68 per share), compared to $46.4 million ($13.11 per share) in 2020. Total revenues, excluding gains, grew to $178.6 million in Q2 2021, from $172.6 million in Q2 2020. Life insurance and annuity sales surged 43% and 49% respectively. The book value per share stood at $698.52.