Private company

National Western Life Group, Inc.

American life insurance company based in Austin, incorporated in Delaware2

In its 2024 annual report the company says: “National Western Life Group, Inc., a Delaware corporation, is the parent holding company which was established effective October 1, 2015 under a holding company plan of reorganization replacing National Western Life Insurance Company as the publicly held company with the latter becoming a wholly owned subsidiary of NWLGI.”7

Last updated Oct 20, 2026.

Overview

$703.4MRevenue, fiscal 20233
$94.4MNet income, fiscal 20233
  • IndustryLife Insurance2
  • HeadquartersAustin, United States2
  • Incorporated inDE4
  • Business addressC/O National Western Life Insurance Co., Po Box 209080, Austin, Tx 78720-90804
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI549300HPXNVHFT1BJ1922
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 57000462

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National Western Life Group, Inc. ("NWLGI"), a Delaware corporation, is the parent holding company which was established effective October 1, 2015 under a holding company plan of reorganization replacing National Western Life Insurance Company as the publicly held company with the latter becoming a wholly owned subsidiary of NWLGI.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

13.4%Net margin3
25.6%Revenue growth, 20233
3.9%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs82¢$573.7M
  • Income tax5¢$35.3M
  • Profit13¢$94.4M

Out of $703.4M in revenue.3

Where each dollar of operating cash went, fiscal 2023

  • Dividends paid0¢$1.3M
  • Kept or used elsewhere100¢$254.4M

Out of $255.7M of cash from operations.3

Financial statements

Revenue891011123$703.4M in 2023+3% since 2016
0$250.0M$500.0M$750.0M$1.0B2016: $682.4M$682.4M20162017: $874.4M$874.4M2017+28%2018: $551.6M$551.6M2018−37%2019: $819.2M$819.2M2019+49%2020: $694.7M$694.7M2020−15%2021: $857.1M$857.1M2021+23%2022: $560.0M$560.0M2022−35%2023: $703.4M$703.4M2023+26%
Operating income13$100.8M in 2017+9% since 2016
0$50.0M$100.0M$150.0M2016: $92.4M$92.4M20162017: $100.8M$100.8M2017+9%
Net income891011123$94.4M in 2023−6% since 2016
0$100.0M$200.0M$300.0M2016: $100.9M$100.9M20162017: $110.4M$110.4M2017+9%2018: $116.8M$116.8M2018+6%2019: $131.6M$131.6M2019+13%2020: $92.3M$92.3M2020−30%2021: $252.5M$252.5M2021+174%2022: $246.5M$246.5M2022−2%2023: $94.4M$94.4M2023−62%
Fiscal year20162017201820192020202120222023
Revenue$682.4M8$874.4M9$551.6M10$819.2M11$694.7M12$857.1M3$560.0M3$703.4M3
Operating income$92.4M13$100.8M13
Income before tax$318.2M3$310.0M3$129.7M3
Income tax$52.0M8$34.1M9$24.7M10$33.5M11$19.8M12$65.7M3$63.5M3$35.3M3
Net income$100.9M8$110.4M9$116.8M10$131.6M11$92.3M12$252.5M3$246.5M3$94.4M3

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Corporate structure

National Western Life Group, Inc. sits at the top of its group. 11 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of National Western Life Group, Inc.

  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on National Western Life Group, Inc., latest Oct 31, 2024 (4 filings since Feb 8, 2022)
  • CONTINENTAL GENERAL INSURANCE CO Filed SC 13G/A on National Western Life Group, Inc., latest Feb 14, 2024 (3 filings since Jan 19, 2023)
  • VANGUARD GROUP INC Filed SC 13G/A on National Western Life Group, Inc., latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • Percy Rockdale LLC Filed SC 13G on National Western Life Group, Inc., latest Aug 18, 2023 (2 filings since Aug 18, 2023)
  • MOODY RLM JR. INTERESTS LTD Filed SC 13G on National Western Life Group, Inc., latest Feb 14, 2023
  • FMR LLC Filed SC 13G/A on National Western Life Group, Inc., latest Feb 9, 2022
  • National Western Life Group, Inc. Austin, Texas, United States
    • National Western Life Austin, Texas, United States
    • Braker P III, LLC Subsidiary · Texas, United States
    • N.I.S. Financial Services, Inc. Subsidiary · Missouri, United States
    • National Western Life Insurance Company Subsidiary · Colorado, United States
    • NWL Financial, Inc. Subsidiary · Nevada, United States
    • NWL Services, Inc. Subsidiary · Nevada, United States
    • NWLSM, Inc. Subsidiary · Nevada, United States
    • Ozark National Life Insurance Company Subsidiary · Missouri, United States
    • Regent Care San Marcos Holdings, LLC Subsidiary · Texas, United States
    • The Westcap Corporation (of Delaware) Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What National Western Life Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$171.1M3 Dec 31, 2023$165.6M3 Dec 31, 2022+3.3%
Accumulated depreciation$105.6M3 Dec 31, 2023$96.7M3 Dec 31, 2022+9.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$482.8M3 Dec 31, 2023$295.3M3 Dec 31, 2022+63.5%
Debt securities available for sale$7.1B3 Dec 31, 2023$7.6B3 Dec 31, 2022−6.6%
Equity securities at fair value$24.1M3 Dec 31, 2023$22.1M3 Dec 31, 2022+9.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$13.9M3 Dec 31, 2023$13.9M3 Dec 31, 20220%
Finite-lived intangibles, gross$9.6M3 Dec 31, 2023$9.6M3 Dec 31, 20220%
Accumulated amortization$3.6M3 Dec 31, 2023$2.9M3 Dec 31, 2022+25.6%
Finite-lived intangibles, net$3.0M3 Dec 31, 2023$3.7M12 Dec 31, 2022−19.5%

Leadership

Who has led National Western Life Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ross R. Moody2016–2024

Chair

  1. Ross R. Moody2019–2024

President

  1. Ross R. Moody2016–2019
  2. Kitty Kennedy Nelson2016–2019
  3. Rey Perez Jr.2020–2024

Chief financial officer

  1. Brian Mark Pribyl2016–2024

Chief operating officer

  1. Kitty Kennedy Nelson2016–2019
  2. Rey Perez Jr.2020–2024
20202025
Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Subsidiaries (Exhibit 21)

  • Braker P III, LLC Texas5
  • N.I.S. Financial Services, Inc. Missouri5
  • NWL Financial, Inc. Nevada5
  • NWL Services, Inc. Nevada5
  • NWLSM, Inc. Nevada5
  • National Western Life Insurance Company Colorado5
  • Ozark National Life Insurance Company Missouri5
  • Regent Care San Marcos Holdings, LLC Texas5
  • The Westcap Corporation (of Delaware) Delaware5

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 9, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights48
  2. Jul 3, 20248-K Regulation FD disclosure49
  3. May 9, 20248-K Results of operations50
  4. Feb 29, 20248-K Results of operations51
  5. Jan 9, 20248-K Shareholder vote52
  6. Jan 8, 20248-K Executive or director change53
  7. Dec 14, 20238-K Executive or director change54
  8. Nov 8, 20238-K Results of operations55
  9. Oct 26, 20238-K Other events56
  10. Oct 10, 20238-K Entered a material agreement; Bylaws or fiscal year changed; Regulation FD disclosure57
  11. Aug 8, 20238-K Results of operations58
  12. Jun 29, 20238-K Shareholder vote59
  13. Feb 19, 2016New chief executive Ross R. Moody becomes CEO18
  14. Mar 6, 2015Founded National Western Life Group, Inc. is founded2

Calendar

When it reported results

  1. May 9, 2024Reported quarterly or annual results50
  2. Feb 29, 2024Reported quarterly or annual results51
  3. Nov 8, 2023Reported quarterly or annual results55
  4. Aug 8, 2023Reported quarterly or annual results58
  5. May 15, 2023Reported quarterly or annual results60
  6. Mar 10, 2023Reported quarterly or annual results61
  7. Nov 9, 2022Reported quarterly or annual results62
  8. Aug 8, 2022Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

229 filings to the SEC since October 2021: 5 annual reports, 8 quarterly reports, 29 major events, 163 insider forms, 14 large holders, 10 other. The latest 20:

  1. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. Jul 19, 202415-12G EDGAR
  3. Jul 12, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 2 TO FORM S-8 EDGAR
  4. Jul 12, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 2 TO FORM S-8 EDGAR
  5. Jul 11, 20244 EDGAR
  6. Jul 11, 20244 EDGAR
  7. Jul 11, 20244 EDGAR
  8. Jul 11, 20244 EDGAR
  9. Jul 11, 20244 EDGAR
  10. Jul 11, 20244 EDGAR
  11. Jul 11, 20244 EDGAR
  12. Jul 11, 20244 EDGAR
  13. Jul 11, 20244 EDGAR
  14. Jul 11, 20244 EDGAR
  15. Jul 9, 20248-K EDGAR
  16. Jul 3, 20248-K EDGAR
  17. Jun 25, 20244 EDGAR
  18. Jun 25, 20244 EDGAR
  19. Jun 25, 20244 EDGAR
  20. Jun 25, 20244 EDGAR

The 229 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 18, 2022Pederson E JDirectorBuy1,000$204.99$205.0KForm 4
May 13, 2022Moody Ross RChairman & CEOBuy5,000$202.72$1.0MForm 4
Mar 30, 2022Boone David SDirectorBuy200$217.16$43.4KForm 4
Mar 11, 2022Blackwell Thomas ADirectorBuy500$208.31$104.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How National Western Life Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNational Western Life Group, Inc.1
  • CIK0001635984
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6311 Life Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressC/O National Western Life Insurance Co., Po Box 209080, Austin, TX 78720-90801
  • Phone(512) 719-01431
  • Public float$1.1B as of Jun 30, 202370
  • On EDGAR sinceApr 6, 20151
  • Filings603 in all: 4 (372), 8-K (82), 10-Q (26), SC 13G/A (25), 4/A (19), 10-K (9), 3 (8), DEF 14A (8)1
    All 29 form types

    DEFA14A (8), SC 13G (8), SC 13D (5), 5 (4), S-8 POS (4), SC 13D/A (4), UPLOAD (4), 10-K/A (2), 424B3 (2), CORRESP (2), 15-12G (1), 25-NSE (1), 3/A (1), 8-K/A (1), 8-K12G3 (1), DEFM14A (1), EFFECT (1), NT 10-Q (1), PREM14A (1), S-4 (1), S-4/A (1)

  • Latest filingsAnnual report (10-K) Feb 29, 2024
    Quarterly report (10-Q) May 9, 2024
    Proxy statement (DEF 14A) Apr 28, 2023
    Latest 8-K (8-K) Jul 9, 2024

Sources

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