On Thursday National Western Life Group (NASDAQ:NWLI) started its trading session with the price $291.95 and closed at price of $293.8 by scoring 1.36%. Day range of the stock was $290.46 – $295. NWLI stock traded with total volume of 2565 shares while the average trading capacity remained 5235 shares. Earnings per share was $32.11. NWLI has total market capitalization of $1053900000.
On Nov. 7, 2019, Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group (NASDAQ:NWLI) reported third quarter 2019 consolidated net earnings of $20.0 million, or $5.65 per diluted Class A common share, compared with consolidated net earnings of $35.6 million, or $10.08 per diluted Class A common share, for the third quarter of 2018. For the nine months ended September 30, 2019, the Company reported consolidated net earnings of $93.9 million, or $26.55 per diluted Class A common share, compared with $95.0 million, or $26.86 per diluted Class A common share, a year ago. The Company’s book value per share as of September 30, 2019 was $575.26.
Total revenues, excluding gains and losses on investments and index options, increased over 10% in the first nine months of 2019 to $516.9 million from $468.0 million in the comparable period of 2018. Operating revenues, excluding investment and index options gains and losses, increased to $170.4 million in the quarter ended September 30, 2019 from $153.5 million in the third quarter of 2018. Mr. Moody indicated, Our strategic initiatives are directed toward those business objectives that will continue to grow our total insurance revenues. With the addition of Ozark National to our organization, we saw domestic life insurance sales grow 49% in the third quarter of this year compared to last year at this time. We are hopeful that new sales and marketing programs being developed will build upon this success and position our companies for stronger growth heading into the next decade.
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