National Western Life: Difference between revisions
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Added details about the company's acquisition by Prosperity Life Group |
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=== Products === |
=== Products === |
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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> |
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=== '''Acquisition by Prosperity Life Group.''' === |
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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. The merger is expected to be completed in the first half of 2024.<ref>{{Cite web |last=Inc |first=National Western Life Group |date=October 9th 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> |
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==See also== |
==See also== |
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Revision as of 18:22, 9 October 2023
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| Company type | Public company |
|---|---|
| Nasdaq: NWLI (Class A)[1] Russell 2000 Component | |
| Industry | Life insurance Financial services |
| Founded | 1956 |
| Headquarters | Austin, Texas, U.S. |
Key people |
|
| Products | Life insurance Annuities Financial products |
Number of employees |
|
| Website | www |
National Western Life Insurance Company is an American stock life insurance company headquartered in Austin, Texas.[2][3]
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.[4]
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.[1][5]
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. The merger is expected to be completed in the first half of 2024.[6]
See also
References
- ^ a b "National Western Life Group, Inc. Announces 2018 Full Year and Fourth Quarter Earnings". February 28, 2019. Retrieved May 13, 2019.
- ^ "Contact Us." National Western Life. Retrieved May 13, 2019. "Address 10801 N Mopac Expy, Bldg. 3. Austin, TX 78759-5415"
- ^ "Current Technicals: National Western Life Group." Regents Global Market. April 25, 2019.
- ^ "National Western Life to Launch The Sterling Group, an Exclusive Alliance with Key NMOs". Cision PR Newswire. February 4, 2020. Retrieved July 28, 2020.
- ^ "National Western Life Adds Policy Aimed at Foreign Nationals". Think Advisor. Retrieved May 13, 2019.
- ^ Inc, National Western Life Group (October 9th 2023). "National Western and Prosperity Life Group Announce $1.9 Billion Cash Merger". www.prnewswire.com. Retrieved 2023-10-09.
{{cite web}}:|last=has generic name (help); Check date values in:|date=(help)
External links
- National Western Life
- National Western Life 4th-quarter profit rises. Associated Press at Bloomberg Businessweek. March 12, 2010.
- National Western Life's profit dips slightly. Austin Business Journal. Friday November 9, 2007.
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