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{{Short description|American stock life insurance company}}
{{Use mdy dates|date=September 2012}}
{{Use mdy dates|date=September 2012}}
{{Infobox company
{{Infobox company
| name = National Western Life Insurance Company, Inc
| name = National Western Life Insurance Group, Inc.
| logo = 1486 NWLIC 1.JPG
| logo = 1486 NWLIC 1.JPG
| logo_size = 180px
| logo_size = 180px
| type = [[Public company]]
| type =
| traded_as = {{NASDAQ|NWLI}} (Class A)<ref name="ABJProfit">{{cite web |title=National Western Life Group, Inc. Announces 2018 Full Year and Fourth Quarter Earnings |url=https://www.prnewswire.com/news-releases/national-western-life-group-inc-announces-2018-full-year-and-fourth-quarter-earnings-300804495.html |date=February 28, 2019 |accessdate=May 13, 2019}}</ref><br />[[Russell 2000 Index|Russell 2000 Component]]
| traded_as = {{NASDAQ was|NWLI}}<ref name="ABJProfit">{{cite web |title=National Western Life Group, Inc. Announces 2018 Full Year and Fourth Quarter Earnings |url=https://www.prnewswire.com/news-releases/national-western-life-group-inc-announces-2018-full-year-and-fourth-quarter-earnings-300804495.html |date=February 28, 2019 |accessdate=May 13, 2019}}</ref><br />[[Russell 2000 Index|Russell 2000 Component]]
| industry = [[Life insurance]]<br>[[Financial services]]
| industry = [[Life insurance]]<br>[[Financial services]]
| foundation = 1956
| foundation = {{start date and age|1956}}
| location = [[Austin, Texas]], [[United States|U.S.]]
| location = [[Austin, Texas]], U.S.
| key_people = {{unbulleted list|Robert L. Moody| Ross R. Moody {{small|(CEO)}}}}
| key_people = {{unbulleted list|Robert L. Moody| Ross R. Moody ([[Chief executive officer|CEO]])}}
| products = [[Life insurance]]<br>[[Annuity (US financial products)|Annuities]]<br>[[Financial products]]
| products = [[Life insurance]]<br>[[Annuity (US financial products)|Annuities]]<br>[[Financial products]]
| num_employees = {{ubl |275 Home Office Employees,| 25,200 Domestic appointed independent
| num_employees = {{ubl |275 Home Office Employees,| 25,200 Domestic appointed independent
agents/brokers}}
agents/brokers}}
| homepage = {{url |https://www.nationalwesternlife.com }}
| homepage = {{URL |https://nationalwesternlife.com }}
}}
}}
'''National Western Life Insurance Company''' is an American stock [[life insurance]] company headquartered in [[Austin, Texas]].<ref>"[https://www.nationalwesternlife.com/contactus.aspx Contact Us]." National Western Life. Retrieved May 13, 2019. "Address 10801 N Mopac Expy, Bldg. 3. Austin, TX 78759-5415"</ref><ref name="ABJHigherQ1">"[https://reagentsglobalmarket.com/2019/04/25/current-technicals-national-western-life-group-nasdaq-nwli/ Current Technicals: National Western Life Group]." ''Regents Global Market''. April 25, 2019.</ref>
'''National Western Life Insurance Company''' is an American stock [[life insurance]] company headquartered in [[Austin, Texas]].<ref>"[https://www.nationalwesternlife.com/contactus.aspx Contact Us]." National Western Life. Retrieved May 13, 2019. "Address 10801 N Mopac Expy, Bldg. 3. Austin, TX 78759-5415"</ref><ref name="ABJHigherQ1">"[https://reagentsglobalmarket.com/2019/04/25/current-technicals-national-western-life-group-nasdaq-nwli/ Current Technicals: National Western Life Group]." ''Regents Global Market''. April 25, 2019.</ref>


== History ==
== History ==
The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states.
The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states.


On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations. Such strategic marketing agencies include Excel Advisors, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership and M&O Marketing.<ref>{{Cite web|last=|first=|date=4 February 2020|title=National Western Life to Launch The Sterling Group, an Exclusive Alliance with Key NMOs|url=https://www.prnewswire.com/news-releases/national-western-life-to-launch-the-sterling-group-an-exclusive-alliance-with-key-nmos-300998978.html|access-date=28 July 2020|website=Cision PR Newswire}}</ref>
On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations. Such strategic marketing agencies include Excel Advisors, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership and M&O Marketing.<ref>{{Cite web|last=|first=|date=4 February 2020|title=National Western Life to Launch The Sterling Group, an Exclusive Alliance with Key NMOs|url=https://www.prnewswire.com/news-releases/national-western-life-to-launch-the-sterling-group-an-exclusive-alliance-with-key-nmos-300998978.html|access-date=28 July 2020|website=Cision PR Newswire}}</ref>
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=== Products ===
=== Products ===
The company offers individual universal life plans, term insurance plans, and whole life plans as well as offering annuities and life insurance products for [[foreign nationals]].<ref name="ABJProfit" /><ref>{{cite web |title=National Western Life Adds Policy Aimed at Foreign Nationals |url=https://www.thinkadvisor.com/2019/04/03/national-western-life-adds-policy-aimed-at-foreign-nationals/ |website=Think Advisor |accessdate=May 13, 2019}}</ref>
The company offers individual universal life plans, term insurance plans, and whole life plans as well as offering annuities and life insurance products for [[foreign nationals]].<ref name="ABJProfit" /><ref>{{cite web |title=National Western Life Adds Policy Aimed at Foreign Nationals |url=https://www.thinkadvisor.com/2019/04/03/national-western-life-adds-policy-aimed-at-foreign-nationals/ |website=Think Advisor |accessdate=May 13, 2019}}</ref>

=== Acquisition by Prosperity Life Group. ===
On 9 October 2023, the company announced an agreement where S. USA Life Insurance Company, Inc., an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9 billion.<ref>{{Cite web |publisher=National Western Life Group Inc.|date=October 9, 2023 |title=National Western and Prosperity Life Group Announce $1.9 Billion Cash Merger |url=https://www.prnewswire.com/news-releases/national-western-and-prosperity-life-group-announce-1-9-billion-cash-merger-301950347.html |access-date=2023-10-09 |website=www.prnewswire.com |language=en}}</ref> The merger was completed in July 2024 with its stock being delisted from the Nasdaq.<ref>{{Cite press release |url= https://www.prnewswire.com/news-releases/national-western-and-prosperity-life-group-announce-closing-of-1-9-billion-cash-merger-302192118.html |title=National Western and Prosperity Life Group Announce Closing of $1.9 Billion Cash Merger |date=July 9, 2024 |agency =[[PR Newswire]]}}</ref>


==See also==
==See also==
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[[Category:Companies based in Austin, Texas]]
[[Category:Companies based in Austin, Texas]]
[[Category:Life insurance companies of the United States]]
[[Category:Life insurance companies of the United States]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:Insurance companies based in Texas]]
[[Category:Insurance companies based in Texas]]
[[Category:American companies established in 1956]]
[[Category:American companies established in 1956]]
[[Category:2024 mergers and acquisitions]]




Latest revision as of 03:24, 12 November 2024

National Western Life Insurance Group, Inc.
Nasdaq: NWLI[1]
Russell 2000 Component
IndustryLife insurance
Financial services
Founded1956; 69 years ago (1956)
HeadquartersAustin, Texas, U.S.
Key people
  • Robert L. Moody
  • Ross R. Moody (CEO)
ProductsLife insurance
Annuities
Financial products
Number of employees
  • 275 Home Office Employees,
  • 25,200 Domestic appointed independent agents/brokers
Websitenationalwesternlife.com

National Western Life Insurance Company is an American stock life insurance company headquartered in Austin, Texas.[2][3]

History

[edit]

The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states.

On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations. Such strategic marketing agencies include Excel Advisors, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership and M&O Marketing.[4]

Products

[edit]

The company offers individual universal life plans, term insurance plans, and whole life plans as well as offering annuities and life insurance products for foreign nationals.[1][5]

Acquisition by Prosperity Life Group.

[edit]

On 9 October 2023, the company announced an agreement where S. USA Life Insurance Company, Inc., an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9 billion.[6] The merger was completed in July 2024 with its stock being delisted from the Nasdaq.[7]

See also

[edit]

References

[edit]
  1. ^ a b "National Western Life Group, Inc. Announces 2018 Full Year and Fourth Quarter Earnings". February 28, 2019. Retrieved May 13, 2019.
  2. ^ "Contact Us." National Western Life. Retrieved May 13, 2019. "Address 10801 N Mopac Expy, Bldg. 3. Austin, TX 78759-5415"
  3. ^ "Current Technicals: National Western Life Group." Regents Global Market. April 25, 2019.
  4. ^ "National Western Life to Launch The Sterling Group, an Exclusive Alliance with Key NMOs". Cision PR Newswire. February 4, 2020. Retrieved July 28, 2020.
  5. ^ "National Western Life Adds Policy Aimed at Foreign Nationals". Think Advisor. Retrieved May 13, 2019.
  6. ^ "National Western and Prosperity Life Group Announce $1.9 Billion Cash Merger". www.prnewswire.com. National Western Life Group Inc. October 9, 2023. Retrieved October 9, 2023.
  7. ^ "National Western and Prosperity Life Group Announce Closing of $1.9 Billion Cash Merger" (Press release). PR Newswire. July 9, 2024.
[edit]


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