National Western Life
{{Short description|American stock life insurance company}}
{{Use mdy dates|date=September 2012}}
{{Infobox company
| name = National Western Life Insurance Group, Inc.
| logo = 1486 NWLIC 1.JPG
| logo_size = 180px
| type =
| traded_as = {{NASDAQ was|NWLI}}{{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}}
Russell 2000 Component
| industry = Life insurance
Financial services
| foundation = {{start date and age|1956}}
| location = Austin, Texas, U.S.
| key_people = {{unbulleted list|Robert L. Moody| Ross R. Moody (CEO)}}
| products = Life insurance
Annuities
Financial products
| num_employees = {{ubl |275 Home Office Employees,| 25,200 Domestic appointed independent
agents/brokers}}
| homepage = {{URL |https://nationalwesternlife.com }}
}}
National Western Life Insurance Company is an American stock life insurance company headquartered in Austin, Texas."[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""[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.
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.{{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}}
= 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.{{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}}
= 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.{{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}} The merger was completed in July 2024 with its stock being delisted from the Nasdaq.{{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}}
See also
{{Portal|Companies}}
References
{{reflist}}
External links
- [https://www.nationalwesternlife.com/ National Western Life]
- [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.
Category:1956 establishments in Texas
Category:Financial services companies established in 1956
Category:Companies based in Austin, Texas
Category:Life insurance companies of the United States
Category:Companies formerly listed on the Nasdaq
Category:Insurance companies based in Texas
Category:American companies established in 1956
Category:2024 mergers and acquisitions
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