National Western Life

National Western Life Insurance Group, Inc.
Traded as	Nasdaq: NWLI; Russell 2000 Component
Industry	Life insurance; Financial services
Founded	1956; 68 years ago
Headquarters	Austin, Texas, U.S.
Key people	Robert L. Moody; Ross R. Moody (CEO);
Products	Life insurance; Annuities; Financial products
Number of employees	275 Home Office Employees,; 25,200 Domestic appointed independent agents/brokers;
Website	nationalwesternlife.com

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.^[6] The merger was completed in July 2024 with its stock being delisted from the Nasdaq.^[7]

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.
^ "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.
^ "National Western and Prosperity Life Group Announce Closing of $1.9 Billion Cash Merger" (Press release). PR Newswire. July 9, 2024.

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.

This article on an insurance company is a stub. You can help Wikipedia by expanding it.

[ABJProfit-1] "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"

[ABJHigherQ1-3] "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.

[2]

[3]

[1]

[4]

[5]

[6]

[7]