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National Western Life: Q2 Earnings Snapshot

National Western Life: Q2 Earnings Snapshot
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Insurance Stocks Moving In Tuesday's Intraday Session

Insurance Stocks Moving In Tuesday's Intraday Session
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Rhonda Farmer to Lead AmeriLife Operations Transformation: Personnel Moves

What You Need to Know
Kelly Maheu, the new NAILBA Charitable Foundation head, was an executive at Naylor Association Solutions.
Paul Garofoli spent about 18 years at National Western Life before moving to The Standard.
Coventry has promoted Gary Kuchera to chief origination officer.
AmeriLife Group LLC has hired Rhonda Fenner to be senior vice president, operations transformation.
AmeriLife is a Clearwater, Florida-based insurance distributor that has grown rapidly through acquisitions.
Fenner previously was senior vice president, financial operations and human resources, at CURevl, a credit union service organization. Earlier, she held operations leadership roles with Thrivent Financial and TIAA.
Fenner has a bachelor’s degree in business from Southwest Minnesota State University. ....

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National Western Life: Q1 Earnings Snapshot

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AUSTIN, Texas National Western Life Insurance Co. (NWLI) on Monday reported first-quarter net income of $60.4 million, after reporting a loss in the same period a year earlier.
The Austin, Texas-based company said it had profit of $17.57 per share.
The insurance provider posted revenue of $230.4 million in the period.
National Western Life shares have increased 16% since the beginning of the year. The stock has climbed 42% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWLI at https://www.zacks.com/ap/NWLI ....

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National Western Life Group, Inc. Announces 2021 First 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 reinsuranc ....

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