National Western Life
 | |
| Nasdaq: NWLI[1] Russell 2000 Component | |
| Industry | Life insurance Financial services |
| Founded | 1956 |
| Headquarters | Austin, Texas, U.S. |
Key people |
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| Products | Life insurance Annuities Financial products |
Number of employees |
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| Website | nationalwesternlife |
National Western Life Insurance Company is an American stock life insurance company headquartered in Austin, Texas.[2][3]
History
[edit]The company was founded in 1956, and as of 2019 it has about 275 employees and 25,200 contracted independent agents and operates in 49 US states.
On 1 January 2020, National Western Life Insurance Company (NWLIC) confirmed the formation of The Sterling Group, a strategic partnership between itself and six large regional marketing organizations. Such strategic marketing agencies include Excel Advisors, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership and M&O Marketing.[4]
Products
[edit]The company offers individual universal life plans, term insurance plans, and whole life plans as well as offering annuities and life insurance products for foreign nationals.[1][5]
Acquisition by Prosperity Life Group.
[edit]On 9 October 2023, the company announced an agreement where S. USA Life Insurance Company, Inc., an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued at approximately $1.9 billion.[6] The merger was completed in July 2024 with its stock being delisted from the Nasdaq.[7]
See also
[edit]
References
[edit]- ^ a b "National Western Life Group, Inc. Announces 2018 Full Year and Fourth Quarter Earnings". February 28, 2019. Retrieved May 13, 2019.
- ^ "Contact Us." National Western Life. Retrieved May 13, 2019. "Address 10801 N Mopac Expy, Bldg. 3. Austin, TX 78759-5415"
- ^ "Current Technicals: National Western Life Group." Regents Global Market. April 25, 2019.
- ^ "National Western Life to Launch The Sterling Group, an Exclusive Alliance with Key NMOs". Cision PR Newswire. February 4, 2020. Retrieved July 28, 2020.
- ^ "National Western Life Adds Policy Aimed at Foreign Nationals". Think Advisor. Retrieved May 13, 2019.
- ^ "National Western and Prosperity Life Group Announce $1.9 Billion Cash Merger". www.prnewswire.com. National Western Life Group Inc. October 9, 2023. Retrieved October 9, 2023.
- ^ "National Western and Prosperity Life Group Announce Closing of $1.9 Billion Cash Merger" (Press release). PR Newswire. July 9, 2024.
External links
[edit]- National Western Life
- National Western Life 4th-quarter profit rises. Associated Press at Bloomberg Businessweek. March 12, 2010.
- National Western Life's profit dips slightly. Austin Business Journal. Friday November 9, 2007.
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