Last $239.06 USD
Change Today +0.02 / 0.01%
Volume 2.8K
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As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

natl western life ins-cl a (NWLI) Key Developments

National Western Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

National Western Life Insurance Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported third quarter 2014 consolidated net earnings of $28.5 million, or $8.05 per diluted Class A common share, compared with consolidated net earnings of $24.8 million, or $7.00 per diluted Class A common share, for the third quarter of 2013. The company reported earnings from operations, excluding net realized gains and losses on investments, of $27.1 million for the three months ended September 30, 2014, or $7.65 per diluted Class A common share, compared to $22.6 million, or $6.40 per diluted Class A common share, in the same period for 2013. Total revenues for the quarter ended September 30, 2014 was $159.621 million compared to $188.192 million in the third quarter of 2013. Net earnings attributable to Class A shares were $27.661 million against $24.081 million a year ago. For the nine months ended September 30, 2014, the Company reported consolidated net earnings of $77.5 million, or $21.91 per diluted Class A common share, compared with $68.4 million, or $19.32 per diluted Class A common shares, a year ago. The Company's book value per share increased to $421.91 as of September 30, 2014 from $416.89 at June 30, 2014. Total revenue was $524.465 million against $602.083 million a year ago. Earnings from operations were $73.089 million or $20.67 per diluted class A share against $63.725 million or $18.00 per diluted class A share a year ago. Net earnings attributable to Class A shares were $75.284 million against $66.470 million a year ago.

National Western Life Insurance Company Declares Cash Dividend for Class A and B Stockholders, Payable December 4, 2014

On August 22, 2014, the Board of Directors of National Western Life Insurance Company declared a cash dividend, payable December 4, 2014 to stockholders on record as of October 31, 2014. The dividends declared were $0.36 per common share to Class A stockholders and $0.18 per common share to Class B stockholders.

National Western Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

National Western Life Insurance Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net earnings of $29.2 million, or $8.25 per diluted Class A common share, compared with consolidated net earnings of $27.0 million, or $7.62 per diluted Class A common share, for the second quarter of 2013. Earnings from operations, excluding net realized gains and losses on investments, of $27.2 million or $7.69 per diluted Class A common share, compared to $26.0 million, or $7.33 per diluted Class A common share, in the same period for 2013. The company stated that earnings for the current period reflect improved policy benefit and operating expense outcomes. Total revenues increased to $206.8 million compared to $182.9 million in the second quarter of 2013 primarily due to higher market valuations of index options the company purchases to support its fixed-index policy obligations. Net earnings attributable to Class A shares were $28,358,000 compared to $26,227,000 for the same period a year ago. For the six months, the company reported consolidated net earnings of $49.0 million, or $13.86 per diluted Class A common share, compared with $43.6 million, or $12.32 per diluted Class A common shares, a year ago. The company's book value per share increased to $416.89 as of June 30, 2014 from $406.54 at March 31, 2014. Total revenues were $364,844,000 compared to $413,891,000 for the same period a year ago. Earnings from operations were $46,033,000 compared to $41,079,000 for the same period a year ago. Net earnings attributable to Class A shares were $47,623,000 compared to $42,389,000 for the same period a year ago.

National Western Life Insurance Company Approves Appointment of BKD, LLP as the Independent Registered Public Accounting Firm for the Year Ending December 31, 2014

National Western Life Insurance Company approved the appointment of BKD, LLP as the independent registered public accounting firm for the year ending December 31, 2014 at its AGM held on June 20, 2014.

National Western Life Insurance Company Appoints Bruce E. Wood as Vice President, Controller and Assistant Treasurer

Effective June 23, 2014, National Western Life Insurance Company has appointed Bruce E. Wood as Vice President, Controller and Assistant Treasurer. Prior to joining the company as its principal accounting officer, Mr. Wood was the Controller for Capson Corporation. In his role with the company, Mr. Wood is eligible to participate in the company's 2008 Incentive Plan and the company's 2014 Officer Bonus Program.

 

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Price/Earnings 8.3x
Price/Sales 1.1x
Price/Book 0.6x
Price/Cash Flow 8.3x
TEV/Sales 1.0x
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