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{{Short description|American stock life insurance company}}
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{{Infobox company |
{{Use mdy dates|date=September 2012}}
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company_name = National Western Life Insurance Company, Inc |
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{{Infobox company
company_logo = [[File:1486 NWLIC 1.JPG|thumb|NWLI|180px]]|
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| name = National Western Life Insurance Group, Inc.
company_type = [[Public company|Public]]|
| logo = 1486 NWLIC 1.JPG
traded_as = {{NASDAQ|NWLI}}|
| logo_size = 180px
company_slogan = |
| type =
foundation = 1956 |
| 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]]
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location = <br />[[Austin, Texas]], [[United States|U.S.]]|
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| industry = [[Life insurance]]<br>[[Financial services]]
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key_people = Robert L. Moody, Ross R. Moody|
| foundation = {{start date and age|1956}}
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num_employees = 278 Home Office Employees, 13,200 Domestic appointed independent
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| location = [[Austin, Texas]], U.S.
agents/brokers, 3,500 International contracted independent consultants ([[2011]])|
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| key_people = {{unbulleted list|Robert L. Moody| Ross R. Moody ([[Chief executive officer|CEO]])}}
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industry = [[Life Insurance]], [[Financial Services]]|
products = [[Life Insurance]], [[Annuity (US financial products)|Annuities]], [[Financial products|Financial Products]]|
| products = [[Life insurance]]<br>[[Annuity (US financial products)|Annuities]]<br>[[Financial products]]
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| num_employees = {{ubl |275 Home Office Employees,| 25,200 Domestic appointed independent
revenue = |
agents/brokers}}
net_income = > |
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| homepage = {{URL |https://nationalwesternlife.com }}
assets = |
equity = |
market cap = |
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homepage = [https://www.nationalwesternlife.com www.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>


== 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.


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>
'''National Western Life Insurance Company''' ({{NASDAQ|NWLI}}, previously NWLIA<ref name="ABJProfit">"[http://www.bizjournals.com/austin/stories/2007/08/06/daily17.html National Western Life profit slips in Q2]." ''[[Austin Business Journal]]''. Tuesday August 7, 2007. Retrieved on June 10, 2012.</ref>) is a stock [[life insurance]] company headquartered in [[Austin, Texas|Austin]], [[Texas]].<ref>"[https://www.nationalwesternlife.com/contactus.aspx Contact Us]." National Western Life. Retrieved on June 10, 2012. "Address 850 East Anderson Lane Austin, TX 78752-1602"</ref><ref name="ABJHigherQ1">"[http://www.bizjournals.com/austin/stories/2009/05/11/daily5.html National Western Life posts higher Q1 profit]." ''[[Austin Business Journal]]''. Monday May 11, 2009. Retrieved on June 10, 2012.</ref> The company was founded in 1956, and as of 2011 it has about 278 employees and 13,200 contracted independent agents. As of 2011 it operates in 49 [[U.S. states]]. It also has operations in [[Central America]], the [[Caribbean]], [[South America]], [[Europe]], [[Asia]], and some [[Pacific Rim]] countries.<ref name="ABJHigherQ1"/> The company offers individual universal life plans, term insurance plans, and whole life plans.<ref name="ABJProfit"/>

=== 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>

=== 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==
{{Portalbox|Austin|Companies}}
{{Portal|Companies}}
* [[American National Insurance Company]]
* [[American National Insurance Company]]


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==External links==
==External links==
*[https://www.nationalwesternlife.com/ National Western Life]
* [https://www.nationalwesternlife.com/ National Western Life]
* "[http://www.businessweek.com/ap/financialnews/D9ED9IEO0.htm National Western Life 4th-quarter profit rises]." ''[[Associated Press]]'' at ''[[Bloomberg Businessweek]]''. March 12, 2010.
* [https://web.archive.org/web/20130903063910/http://www.businessweek.com/ap/financialnews/D9ED9IEO0.htm National Western Life 4th-quarter profit rises]. ''[[Associated Press]]'' at ''[[Bloomberg Businessweek]]''. March 12, 2010.
* "[http://www.bizjournals.com/austin/stories/2007/11/05/daily39.html National Western Life's profit dips slightly]." ''[[Austin Business Journal]]''. Friday November 9, 2007.
* [http://www.bizjournals.com/austin/stories/2007/11/05/daily39.html National Western Life's profit dips slightly]. ''[[Austin Business Journal]]''. Friday November 9, 2007.
*[http://ru.wikipedia.org/wiki/National_Western_Life_insurance_company NWLI in Russia & CIS]


[[Category:1956 establishments in Texas]]

[[Category:1956 establishments in the United States]]
[[Category:Financial services companies established in 1956]]
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[[Category:Companies established in 1956]]
[[Category:Companies based in Austin, Texas]]
[[Category:Companies based in Austin, Texas]]
[[Category:Life insurance companies]]
[[Category:Life insurance companies of the United States]]
[[Category:Insurance companies of the United States]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:Companies listed on NASDAQ]]
[[Category:Insurance companies based in Texas]]
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[[Category:American companies established in 1956]]

[[Category:2024 mergers and acquisitions]]





{{insurance-company-stub}}
{{insurance-company-stub}}

[[ru:National Western Life insurance company]]

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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