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National Western Life Group, Inc. News Releases

Austin, Texas, May 11, 2020

Austin, Texas, May 11, 2020 Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today a first quarter 2020 consolidated net loss of $2.1 million, or $0.58 per diluted Class A common share, compared with consolidated net earnings of $40.2 million, or $11.37 per diluted Class A common share, for the first quarter of 2019. The Company's book value per share as of March 31, 2020 was $558.43.