NASDAQ · Financial Statements

National Western Life Group, Inc. (NWLI) Financial Statements

$499.98 NASDAQ: NWLI Market Cap $1.82B

National Western Life Group, Inc. most recently reported annual revenue of $698.0M, net profit of $94.0M. Revenue grew at an average annual rate of 4.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

National Western Life Group, Inc.: Revenue fell from $709.0M in 2014 to $698.0M in 2023, a change of -1.6% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 22.2% to 20.8%, a shift of -1.4 percentage points; the most recent year shows net profit of $94.0M.

Income Statement — 10 Years (USD millions)

Metric2014201520162017201820192020202120222023
Revenue$709.0M$590.0M$682.0M$874.0M$552.0M$819.0M$695.0M$824.0M$558.0M$698.0M
Operating Expenses$551.0M$443.0M$530.0M$730.0M$410.0M$672.0M$601.0M$619.0M$238.0M$553.0M
Operating Profit$158.0M$147.0M$153.0M$145.0M$142.0M$148.0M$94.0M$205.0M$320.0M$145.0M
Operating Margin22.2%24.9%22.4%16.5%25.6%18.0%13.5%24.9%57.3%20.8%
Other Income$0$78.0M$94.0M$107.0M$94.0M$105.0M$105.0M$-414.0M$2.0M$735.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$3.0M$3.0M$8.0M$10.0M$12.0M$11.0M$12.0M$13.0M$14.0M$10.0M
Profit Before Tax$158.0M$147.0M$153.0M$110.0M$142.0M$165.0M$112.0M$227.0M$126.0M$130.0M
Tax$33.0M$32.9M$34.0M$30.9M$17.5M$20.3M$17.6M$20.5M$19.8M$27.2M
Net Profit$106.0M$98.0M$101.0M$110.0M$117.0M$132.0M$92.0M$181.0M$101.0M$94.0M
EPS$29.85$27.82$28.53$31.23$33.98$37.22$26.11$51.10$28.60$26.71
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '21Sep '21Dec '21Mar '22Jun '22Sep '22Dec '22Mar '23Jun '23Sep '23Dec '23Mar '24
Revenue$222.0M$155.0M$217.0M$134.0M$117.0M$144.0M$163.0M$153.0M$186.0M$157.0M$205.0M$196.0M
Operating Expenses$159.0M$105.0M$181.0M$89.0M$79.0M$52.0M$-72.0M$137.0M$159.0M$143.0M$205.0M$143.0M
Operating Profit$63.0M$50.0M$36.0M$46.0M$38.0M$92.0M$235.0M$15.0M$27.0M$13.0M$0$53.0M
Operating Margin28.2%32.4%16.6%34.0%32.2%64.1%143.9%10.0%14.4%8.6%0.0%27.1%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$63.0M$50.0M$36.0M$46.0M$38.0M$28.0M$15.0M$15.0M$37.0M$13.0M$-21.0M$93.0M
Tax$20.4M$20.6M$20.1M$20.7M$18.4M$22.0M$16.1M$19.6M$19.7M$254.3M$42.8M$21.1M
Net Profit$50.0M$40.0M$29.0M$36.0M$31.0M$22.0M$12.0M$12.0M$30.0M$13.0M$-12.0M$74.0M
EPS$14.11$11.27$7.92$9.95$8.46$5.98$3.52$3.48$8.38$3.80$-3.46$20.82

Over the 10 years reported for National Western Life Group, Inc., cash stood at $483.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities -0.88 times.

Balance Sheet — 10 Years (USD millions)

Metric2014201520162017201820192020202120222023
Total Assets$11.4B$11.6B$11.9B$12.2B$11.9B$12.6B$14.6B$14.3B$13.1B$10.9B
Current Assets$3.0B$3.0B$3.1B$3.3B$3.1B$3.6B$13.1B$11.3B$7.9B$1.4B
Cash$277.0M$106.0M$51.0M$218.0M$132.0M$254.0M$581.0M$715.0M$295.0M$483.0M
Inventory$0$2.4B$0$0$2.2B$0$9.3B$7.9B$4.7B$0
Receivables$0$13.0M$0$0$18.0M$0$1.7B$1.5B$1.7B$1.5B
Fixed Assets$0$-853.0M$-835.0M$-820.0M$-842.0M$154.0M$83.0M$81.0M$69.0M$171.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$9.6B$10.1B$10.2B$10.3B$10.2B$10.5B$10.8B$10.2B$8.7B$1.1B
Other Assets$0$0$0$0$0$14.0M$14.0M$14.0M$14.0M$0
Total Liabilities$9.8B$10.0B$10.2B$10.4B$10.0B$40.0M$145.0M$101.0M$11.1B$8.5B
Current Liabilities$0$0$1.0M$3.0M$0$4.0M$12.0M$14.0M$18.0M$-1.5B
Borrowings$0$0$0$0$0$0$0$0$0$0
Other Liabilities$9.8B$10.0B$10.2B$10.4B$10.0B$40.0M$145.0M$101.0M$11.1B$8.5B
Equity$4.0M$0$0$0$0$0$0$0$0$0
Reserves$1.6B$1.6B$1.7B$1.8B$1.9B$2.1B$2.5B$2.5B$2.0B$2.4B

For National Western Life Group, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $250.0M; free cash flow was positive in 10 of 10 years; financing activities used $879.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2014201520162017201820192020202120222023
Operating Cash Flow$313.0M$346.0M$309.0M$276.0M$327.0M$329.0M$373.0M$277.0M$359.0M$256.0M
Investing Cash Flow$-260.0M$-524.0M$-360.0M$49.0M$25.0M$375.0M$381.0M$171.0M$-175.0M$806.0M
Financing Cash Flow$105.0M$8.0M$-53.0M$-163.0M$-441.0M$-585.0M$-438.0M$-344.0M$-600.0M$-879.0M
Net Cash Flow$156.0M$-171.0M$-55.0M$166.0M$-86.0M$122.0M$328.0M$134.0M$-419.0M$187.0M
Free Cash Flow$313.0M$346.0M$259.0M$267.0M$323.0M$326.0M$361.0M$267.0M$357.0M$250.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.53
EV / EBITDA8.61
FCF Yield13.76%
Quick Ratio-0.88
Interest Coverage—
Return 1Y—
Return 3Y—
Return 5Y—

National Western Life Group, Inc. (NWLI) financials — frequently asked questions

What is National Western Life Group, Inc.'s annual revenue?

National Western Life Group, Inc. (NWLI) reported annual revenue of $698.0M in its most recent fiscal year.

What is National Western Life Group, Inc.'s net profit?

National Western Life Group, Inc. (NWLI) reported net profit of $94.0M in its most recent fiscal year.

What is NWLI EV/EBITDA?

National Western Life Group, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 8.61.

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