National Western Life Group Inc - Company Profile
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National Western Life Group Inc (NWLGI) is an insurance holding company. The company, through its subsidiary, National Western Life Insurance Company (National Western), offers a range of life insurance plans, annuity, and retirement products. Its portfolio of life insurance products includes universal life insurance, interest-sensitive whole life insurance, and traditional products, including term insurance. Its annuity products include flexible premium and single premium deferred annuities, fixed-indexed annuities, and single premium immediate annuities. National Western provides life insurance products catering to the savings and protection needs of policyholders, and the retirement needs of annuity contract holders. It markets its products in the South American region. The company is headquartered in Austin, Texas, the US.
Headquarters
United States of America
Address
Po Box 209080, Austin, Texas, 78720-9080
Website
www.nationalwesternlife.com
Telephone
1 512 7190143
No of Employees
267
Industry
Financial Services
Ticker Symbol & Exchange
NWLI (NASD)
Revenue (2022)
$558.4M
-32.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-44%
(2022 vs 2021)
Market Cap*
$1.8B
Net Profit Margin (2022)
XYZ
-17.4%
(2022 vs 2021)
* As of and is in US$
National Western Life Group Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Life |
| Whole Life Insurance |
| Term Insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, the company and Prosperity Life Group entered into a merger agreement, under the agreement S. USA Life Insurance Company Inc will acquire National Western for US$1.9 billion. |
| 2021 | Contracts/Agreements | In January, the company’s subsidiary National Western Life Insurance Company announced reinsurance transaction with Prosperity Life Assurance Limited. |
| 2019 | Contracts/Agreements | In November, the company selected Equisoft to speed up its growth strategy. |
Competitor Comparison
| Key Parameters | National Western Life Group Inc | Pacific Life Insurance Co | Jackson National Life Insurance Co | American Equity Investment Life Holding Company | Allianz Life Insurance Company of North America |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Austin | Newport Beach | Lansing | West Des Moines | Minneapolis |
| State/Province | Texas | California | Michigan | Iowa | Minnesota |
| No. of Employees | 267 | 3,760 | - | 840 | - |
| Entity Type | Public | Private | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ross R. Moody | Chairman; Chief Executive Officer; President | Executive Board | 2015 | 60 |
| Brian M. Pribyl | Chief Financial Officer; Senior Vice President; Treasurer | Senior Management | 2015 | 64 |
| Gina Byrne Miller | Chief Legal Officer; Secretary; Senior Vice President | Senior Management | 2020 | 45 |
| Rey Perez | Chief Operating Officer - National Western Life Insurance Co; President - National Western Life Insurance Co; Senior Vice President; Senior Vice President | Senior Management | 2020 | 50 |
| Stephen E. Glasgow | Director | Non Executive Board | 2004 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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