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National Western Life Group, Inc Announces 2021 Second Quarter Earnings
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National Western Life Group, Inc Announces 2021 Second Quarter Earnings
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AUSTIN, Texas, May 10, 2021 /PRNewswire/ Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today first quarter 2021 consolidated net earnings of $62.1 million, or $17.57 per diluted Class A common share, compared with a consolidated net loss of $2.1 million, or $0.58 per diluted Class A common share, for 2020. The Company s book value per share as of March 31, 2021 was $673.95.
The Company reported total revenues for the quarter, excluding realized and unrealized gains on index options and investments, of $200.9 million in 2021 compared to $155.6 million in 2020. Mr. Moody noted that the Company s revenues benefited from a previously announced reinsurance transaction executed at the end of 2020. We achieved our goal last year of transferring a block of annuity business which was experiencing compression on profit margins with a reinsurance transactio
National Western Life Insurance Company (NWL®) launches Equisoft/manage, a flexible cloud-based policy administration system
PR Newswire
Fueling an aggressive digital transformation plan, NWL® launches a significant system modernization initiative together with the introduction of a new Fixed Indexed Annuity product.
PHILADELPHIA,
April 6, 2021 /PRNewswire/ -
Equisoft announced today the successful implementation of phase one of its cloud-based policy administration platform that will support NWL s Life and Annuity operations across the full policy lifecycle. The new platform, along with the new NWL® ChoiceOptimizer Fixed Indexed Annuity product, went live in February.
Subsequent phases of this large modernization initiative will further support NWL s objective to design, refine and enhance product and policy services in a nimble, cost-effective implementation environment developed to meet the diverse, changing needs of our distribution force and policyholders.
National Western Life Group, Inc Announces 2020 Full Year and Fourth Quarter Earnings
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