NWLI Q1 net earnings $73.6M ($20.82/sh) vs $12.3M ($3.48/sh) YoY; revenue up 29%

National Western Life Group, Inc.

Revenue $197.6M, up 29% from $152.6M in Q1 2023.
Net investment income rose to $96.0M from $87.0M YoY.
Market risk benefits liability swung to a $16.4M decrease vs $37.0M increase in Q1 2023.
Life insurance face amount sold up 24% YoY in Q1 2024.
Merger with Prosperity Life Group awaiting regulatory approvals to close.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

National Western Life Group, Inc. reported the quarter ended March 31, 2024 results: revenue $197.6 million, net income $73.6 million, EPS $20.82 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $197.6 million
Net income: $73.6 million
EPS: $20.82 per diluted share
Result: reported results

Exact text from the filing

Common Stock for the first quarter of 2023. The Company's book value per share as of March 31, 2024 was $686.73. The Company's reported revenues for the quarter increased 29% to $197.6 million from $152.6 million in the first quarter of 2023. Equity market performance during the 2024 first quarter helped to increase the realized and unrealized gains on derivative

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Source: SEC EDGAR

accession 0001635984-24-000014

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