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National Western Life Group, Inc. News Releases

Austin, Texas, November 8, 2021

Austin, Texas, November 8, 2021 - Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today third quarter 2021 consolidated net earnings of $39.8 million, or $11.27 per diluted Class A common share, compared with consolidated net earnings of $10.8 million, or $3.06 per diluted Class A common share, for the third quarter of 2020. For the nine months ended September 30, 2021, the Company reported consolidated net earnings of $151.9 million, or $42.95 per diluted Class A common share, compared with $57.2 million, or $16.17 per diluted Class A common share, a year ago. The Company's book value per share as of September 30, 2021 was $703.03.