National Western Life Group, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Ross Rankin Moody
- Full Time Employees
- 276
- Sector
- Financial Services
- Industry
- Insurance - Life
- Address
- Building 3 Austin TX United States of America 78759-5415
- IPO Date
- Nov 17, 1975
- CIK
- 0001635984
- Website
- nwlgi.com
- Similar Companies
- Business
- National Western Life Group, Inc. is a stock life insurance holding company primarily engaged in providing individual life insurance and annuity products. Its core offerings include individual universal life insurance plans, term insurance plans, whole life insurance plans, fixed-indexed annuities, traditional fixed annuities, immediate annuities, equity-indexed universal life insurance, and investment contracts designed to meet the financial needs of individuals and families. The company also provides life insurance products for foreign nationals including non-resident aliens such as visa holders, expatriates, business investors, and travelers. National Western operates domestically in 49 states plus several U.S. territories, and internationally in over 40 countries spanning Central and South America, the Caribbean, Eastern Europe, Asia, and the Pacific Rim. Founded in 1956, National Western Life Group is headquartered in Austin, Texas and serves its customer base through a network of approximately 19,200 independent agents and brokers domestically, and about 2,300 independent consultants internationally. The company manages significant insurance in force, with billions of dollars in life insurance and annuity contracts on its books. It primarily targets individual and family segments seeking life insurance and asset accumulation solutions. A major recent development for National Western Life Group is its acquisition by S. USA Life Insurance Company, Inc., an affiliate of Prosperity Life Group. This $1.9 billion all-cash transaction, announced in October 2023 and completed in July 2024, marks a significant strategic shift by integrating National Western’s capabilities into Prosperity Life Group’s expanding insurance, reinsurance, and asset management platform. The merger was approved by National Western’s board and stockholders, and it aims to enhance the combined entity’s ability to deliver innovative insurance solutions and value to policyholders across diverse markets. This acquisition reflects National Western's strategic growth trajectory and benefits from Prosperity Life Group’s resources and market reach while allowing it to continue offering its comprehensive life insurance and annuity products. The company remains a key player in the life insurance industry with a strong legacy of over six decades providing financial security to well-defined market segments both in the United States and internationally. In summary, National Western Life Group, Inc. is a well-established life insurance holding company focused on universal, whole life, term insurance, and annuity products, with a recent transformative acquisition by Prosperity Life Group that positions it for continued growth and enhanced service delivery in domestic and international markets. It is headquartered in Austin, Texas, founded in 1956, and operates extensively across multiple geographic regions with a broad distribution network.
National Western and Prosperity Life Group Announce Expected Closing Date for $1.9 Billion Cash Merger
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National Western Life Group, Inc. Announces 2024 First Quarter Earnings
National Western Life Group, Inc. Announces 2023 Full Year and Fourth Quarter Earnings
NATIONAL WESTERN LIFE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of National Western Life Group, Inc. - NWLI
National Western Life Group, Inc. Announces 2023 Third Quarter Earnings
Shareholder Alert: Ademi LLP investigates whether National Western Life Group, Inc. has obtained a Fair Price in its transaction with Prosperity Life Group
NATIONAL WESTERN LIFE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of National Western Life Group, Inc. - NWLI
NWLI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of National Western Life Group, Inc. Is Fair to Shareholders
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National Western and Prosperity Life Group Announce $1.9 Billion Cash Merger
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AM Best Affirms Credit Ratings of National Western Life Group, Inc. and Its Subsidiaries
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