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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:25413221851106
Short-term investments2417444546
Other undisclosed cash, cash equivalents, and short-term investments230114174660
Deferred costs   1150
Total current assets:25413221863156
Noncurrent Assets
Property, plant and equipment91    
Long-term investments and receivables6257525427
Long-term investments6257525427
Intangible assets, net (including goodwill)14    
Goodwill14    
Total noncurrent assets:16757525427
Other undisclosed assets12,13311,74311,95611,77811,430
TOTAL ASSETS:12,55311,93212,22511,89511,613
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt40    
Deferred income tax liabilities40
Total noncurrent liabilities:40    
Other undisclosed liabilities10,38510,03110,39310,17310,001
Total liabilities:10,42510,03110,39310,17310,001
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1281,9011,8321,7221,612
Additional paid in capital4242424242
Accumulated other comprehensive income (loss)60(37)14110
Retained earnings2,0261,8961,7761,6701,570
Other undisclosed stockholders' equity attributable to parent00000
Total stockholders' equity:2,1281,9011,8321,7221,612
TOTAL LIABILITIES AND EQUITY:12,55311,93212,22511,89511,613

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues819552874682590
Insurance commissions and fees150155
Net investment income555349660468379
Financial services revenue179183175
Cost of revenue(433)(316)(623)(435)(365)
Policyholder benefits and claims incurred, net(137)(65)
Policyholder account balance, interest expense(295)(136)(437)(248)(177)
Deferred policy acquisition costs, amortization expense (115)(114)(121)(120)
Financial services costs(71)(66)(67)
Gross profit:387235252247225
Operating expenses(105)(94)(107)(94)(78)
Other undisclosed operating loss  (44)(60)(53)
Operating income:2821421019294
Nonoperating income
(Investment Income, Nonoperating)
  674481386
Income from continuing operations before equity method investments, income taxes:282142775573480
Other undisclosed loss from continuing operations before income taxes(117) (631)(420)(333)
Income from continuing operations before income taxes:165142145153147
Income tax expense(34)(25)(34)(52)(48)
Net income available to common stockholders, diluted:13211711010198

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:13211711010198
Other comprehensive income (loss)97(47)110(41)
Comprehensive income, net of tax, attributable to parent:2297011211157

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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