National Western Life Group, Inc. Announces 2017 Second Quarter Earnings
The Company reported earnings from operations, excluding net realized gains and losses on investments, of
The Company reported earnings from operations, excluding net realized gains and losses on investments, of
Caution Regarding Forward-Looking Statements:
This press release contains statements which are or may be viewed as forward-looking within the meaning of The Private Securities Litigation Reform Act of 2005. Forward-looking statements relate to future operations, strategies, financial results or other developments, and are subject to assumptions, risks, and uncertainties. Factors that may cause actual results to differ materially from those contemplated in these forward-looking statements can be found in the Company's Form 10-K filed with the
Summary of Consolidated Operating Results (Unaudited) |
||||||||||||
(In thousands except per share data) |
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Three Months Ended |
Six Months Ended |
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|
|
|||||||||||
2017 |
2016 |
2017 |
2016 |
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Revenues: |
||||||||||||
Revenues, excluding investment and index option gains (losses) |
$ |
159,763 |
162,218 |
320,390 |
321,680 |
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Realized and unrealized gains (losses) on index options |
32,215 |
2,094 |
93,421 |
(10,807) |
||||||||
Realized gains on investments |
6,248 |
2,782 |
8,832 |
5,163 |
||||||||
Total revenues |
198,226 |
167,094 |
422,643 |
316,036 |
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Earnings: |
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Earnings from operations |
$ |
21,422 |
24,477 |
43,280 |
40,189 |
|||||||
Net realized gains on investments |
4,061 |
1,809 |
5,741 |
3,356 |
||||||||
Net earnings |
25,483 |
26,286 |
49,021 |
43,545 |
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Net earnings attributable to Class A shares |
24,762 |
25,543 |
47,635 |
42,313 |
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Basic Earnings Per Class A Share: |
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Earnings from operations |
$ |
6.06 |
6.92 |
12.24 |
11.36 |
|||||||
Net realized gains on investments |
1.15 |
0.51 |
1.62 |
0.95 |
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Net earnings |
7.21 |
7.43 |
13.86 |
12.31 |
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Basic Weighted Average Class A Shares |
3,436 |
3,436 |
3,436 |
3,436 |
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Diluted Earnings Per Class A Share: |
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Earnings from operations |
$ |
6.06 |
6.92 |
12.24 |
11.36 |
|||||||
Net realized gains on investments |
1.15 |
0.51 |
1.62 |
0.95 |
||||||||
Net earnings |
7.21 |
7.43 |
13.86 |
12.31 |
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Diluted Weighted Average Class A Shares |
3,436 |
3,436 |
3,436 |
3,436 |
Investor Relations Contact:
(512) 836-1010
[email protected]
www.nwlgi.com
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