National Western Life Group, Inc. News Releases

Austin, Texas, November 8, 2023

Austin, Texas, November 8, 2023 - Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today third quarter 2023 consolidated net earnings of $64.7 million, or $18.30 per diluted share of Class A Common Stock, compared with restated consolidated net earnings of $35.2 million, or $9.95 per diluted share of Class A Common Stock, for the third quarter ended September 30, 2022. For the nine months ended September 30, 2023, the Company reported consolidated net earnings of $106.7 million, or $30.17 per diluted share of Class A Common Stock, compared with $229.3 million, or $64.84 per diluted share of Class A Common Stock, a year ago. The Company's book value per share as of September 30, 2023 increased to $617.16.