National western life group, inc. (NWLI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14
Premiums and other revenues:
Universal life and annuity contract charges

35,306

37,018

37,840

36,910

37,953

38,453

38,287

39,945

38,520

37,639

40,268

40,697

41,364

39,656

40,333

41,448

42,010

40,775

39,175

38,345

37,313

36,602

Traditional life premiums

23,522

24,756

24,099

23,810

17,583

5,009

4,209

4,928

4,145

5,323

5,285

4,133

4,221

5,555

4,631

4,917

4,173

5,350

4,840

5,162

4,347

4,506

Net investment income (loss)

-13,478

167,281

108,456

128,424

151,331

-9,023

175,553

121,802

60,745

193,640

151,691

142,612

171,742

131,942

126,981

113,251

95,500

120,723

56,209

102,259

99,923

110,966

Other revenues

3,653

3,834

3,273

3,966

6,413

5,208

5,111

5,287

4,997

7,356

4,672

4,537

4,505

4,851

4,476

4,696

4,878

12,576

5,067

5,194

5,329

5,377

Net realized investment gains (losses):
Total other-than-temporary impairment (“OTTI”) gains (losses)

-2

7

1,943

5,900

-3

9

-3

-3

-3

181

-26

-23

-20

80

-27

-27

-26

-2,359

-284

2

-160

0

Portion of OTTI (gains) losses recognized in other comprehensive income

-2

16

-2

-2

-3

21

-3

-3

-3

668

-26

-23

-20

30

27

27

26

2,504

284

105

160

0

Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings

0

-9

1,945

5,902

0

-12

0

0

0

-487

0

0

0

-110

0

0

0

145

0

107

0

0

Other net investment gains (losses)

3,485

2,539

1,443

5,477

4,629

2,841

2,275

2,696

611

3,969

2,074

6,247

2,585

2,481

5,426

2,782

2,381

1,305

813

4,365

978

2,169

Total net realized investment gains (losses)

3,485

2,539

-502

-425

4,629

2,841

2,275

2,696

611

3,857

2,074

6,247

2,585

2,481

5,426

2,782

2,381

1,160

813

4,258

978

2,169

Total revenues

52,488

235,428

173,166

192,685

217,909

42,488

225,435

174,658

109,018

247,815

203,990

198,226

224,417

184,485

181,847

167,094

148,942

180,584

106,104

155,218

147,890

159,620

Benefits and expenses:
Life and other policy benefits

33,634

35,578

39,918

33,657

28,189

20,691

5,744

17,461

21,401

12,859

21,015

17,854

19,757

16,958

17,430

15,540

15,601

17,885

14,181

16,120

19,266

13,163

Amortization of deferred policy acquisition costs and value of business acquired

30,037

30,229

22,998

31,411

32,164

24,698

26,775

31,069

32,229

28,395

18,722

33,058

34,212

32,558

24,395

28,966

35,220

32,553

32,058

28,070

27,652

23,467

Universal life and annuity contract interest

-28,026

94,830

59,445

60,139

80,916

-47,262

124,145

60,990

-1,818

137,157

107,799

82,170

109,893

68,798

67,776

62,799

49,017

62,172

16,259

49,431

49,039

59,211

Other operating expenses

19,822

27,362

25,813

25,334

26,049

21,504

24,037

24,795

23,633

32,971

22,596

26,343

25,092

28,143

23,595

19,403

23,307

20,648

18,482

18,802

20,510

20,451

Total benefits and expenses

55,467

187,999

148,174

150,541

167,318

19,631

180,701

134,315

75,445

211,382

170,132

159,425

188,954

146,457

133,196

126,708

123,145

133,258

80,980

112,423

116,467

116,292

Earnings (loss) before Federal income taxes

-2,979

47,429

24,992

42,144

50,591

22,857

44,734

40,343

33,573

36,433

33,858

38,801

35,463

38,028

48,651

40,386

25,797

47,326

25,124

42,795

31,423

43,328

Federal income taxes

-917

9,696

5,003

8,448

10,393

1,081

9,093

7,877

6,698

-3,154

12,045

13,318

11,925

14,417

14,915

14,100

8,538

15,335

8,903

13,937

10,097

14,862

Net earnings (loss)

-2,062

37,733

19,989

33,696

40,198

21,776

35,641

32,466

26,875

39,587

21,813

25,483

23,538

23,611

33,736

26,286

17,259

31,991

16,221

28,858

21,326

28,466

Basic earnings (loss) per share:
Diluted earnings (loss) per share:
Class A
Net earnings (loss)

-2,004

36,666

19,424

32,743

39,061

21,160

34,633

31,548

26,115

38,468

21,196

24,762

22,872

-

-

-

-

-

-

-

-

-

Earnings (loss) per share, basic (in dollars per share)

-0.58

10.67

5.65

9.53

11.37

6.16

10.08

9.18

7.60

11.19

6.17

7.21

6.66

-

-

-

-

-

-

-

-

-

Earnings (loss) per share, diluted (in dollars per share)

-0.58

10.67

5.65

9.53

11.37

6.16

10.08

9.18

7.60

11.20

6.17

7.21

6.65

-

-

-

-

-

-

-

-

-

Class B
Net earnings (loss)

-58

1,067

565

953

1,137

616

1,008

918

760

1,119

617

721

666

-

-

-

-

-

-

-

-

-

Earnings (loss) per share, basic (in dollars per share)

-0.29

5.34

2.83

4.76

5.68

3.08

5.04

4.59

3.80

5.60

3.08

3.60

3.33

-

-

-

-

-

-

-

-

-

Earnings (loss) per share, diluted (in dollars per share)

-0.29

5.34

2.83

4.76

5.68

3.08

5.04

4.59

3.80

5.60

3.08

3.60

3.33

-

-

-

-

-

-

-

-

-