National Western Life Group, Inc. (NWLI) financial statements (2021 and earlier)

Company profile

Business Address C/O NATIONAL WESTERN LIFE INSURANCE CO.
AUSTIN, TX 78720-9080
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:58125413221851106
Short-term investments182417444546
Other undisclosed cash, cash equivalents, and short-term investments563230114174660
Deferred costs    1150
Total current assets:58125413221863156
Noncurrent Assets
Property, plant and equipment8391    
Long-term investments and receivables1046257525427
Long-term investments1046257525427
Intangible assets, net (including goodwill)1414    
Goodwill1414    
Total noncurrent assets:20116757525427
Other undisclosed assets13,86612,13311,74311,95611,77811,430
TOTAL ASSETS:14,64812,55311,93212,22511,89511,613
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt14540    
Deferred income tax liabilities14540
Total noncurrent liabilities:14540    
Other undisclosed liabilities11,96310,38510,03110,39310,17310,001
Total liabilities:12,10910,42510,03110,39310,17310,001
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5402,1281,9011,8321,7221,612
Additional paid in capital424242424242
Accumulated other comprehensive income (loss)39560(37)14110
Retained earnings2,1032,0261,8961,7761,6701,570
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:2,5402,1281,9011,8321,7221,612
TOTAL LIABILITIES AND EQUITY:14,64812,55311,93212,22511,89511,613

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues695819552874682590
Insurance commissions and fees145150155
Net investment income417555349660468379
Financial services revenue179183175
Cost of revenue(338)(433)(316)(623)(435)(365)
Policyholder benefits and claims incurred, net(131)(137)(65)
Policyholder account balance, interest expense(206)(295)(136)(437)(248)(177)
Deferred policy acquisition costs, amortization expense  (115)(114)(121)(120)
Financial services costs(71)(66)(67)
Gross profit:357387235252247225
Operating expenses(105)(105)(94)(107)(94)(78)
Other undisclosed operating loss   (44)(60)(53)
Operating income:2532821421019294
Nonoperating income
(Investment Income, Nonoperating)
   674481386
Income from continuing operations before equity method investments, income taxes:253282142775573480
Other undisclosed loss from continuing operations before income taxes(141)(117) (631)(420)(333)
Income from continuing operations before income taxes:112165142145153147
Income tax expense(20)(34)(25)(34)(52)(48)
Net income available to common stockholders, diluted:9213211711010198

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:9213211711010198
Other comprehensive income (loss)33597(47)110(41)
Comprehensive income:4282297011211157
Other undisclosed comprehensive income, net of tax, attributable to parent0     
Comprehensive income, net of tax, attributable to parent:4282297011211157

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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