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National Western Life Group, Inc. News Releases

Austin, Texas, Jan 18, 2021

Austin, Texas, January 18, 2021 - National Western Life Insurance Company ("NWLIC"), a wholly owned subsidiary of National Western Life Group, Inc. (Nasdaq: NWLI), announced today the execution of an annuity reinsurance transaction with Prosperity Life Assurance Limited ("Prosperity"), a Bermuda based reinsurer rated A- (Excellent) by A. M. Best. The effective date of the transaction is December 31, 2020.