National Western Life posts 4Q profit

March 11, 2017 by Associated Press

AUSTIN, Texas (AP) _ National Western Life Insurance Co. (NWLI) on Friday reported fourth-quarter profit of $22.9 million.

The Austin, Texas-based company said it had profit of $6.67 per share. Earnings, adjusted for investment gains, came to $6.21 per share.

The insurance provider posted revenue of $184.5 million in the period.

For the year, the company reported profit of $98 million, or $28.53 per share. Revenue was reported as $682.4 million.

National Western Life shares have risen 4 percent since the beginning of the year. The stock has climbed 46 percent in the last 12 months.

Originally Posted at CNBC on March 10, 2017 by Associated Press.