National Western Life Group, Inc. Income Statement

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Financial Statements

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Premiums and other revenues:
Universal life and annuity contract charges (Note 1)
Traditional life premiums
Traditional life and single premium immediate annuity with life contingency ("SPIAWLC") premiums (Note 1)
Net investment income
Other revenues (Note 1)
Total other-than-temporary impairment (“OTTI”) (losses) recoveries
Portion of OTTI losses recognized in other comprehensive income
Total other-than-temporary impairment (“OTTI”) gains (losses)
Portion of OTTI (gains) losses recognized in other comprehensive income
Net OTTI losses recognized in earnings
Other net investment gains
Net realized investment gains
Total revenues

Benefits and expenses:
Life and other policy benefits (Note 1)
Amortization of deferred transaction costs
Universal life and annuity contract interest
Policy benefit remeasurement (gains) and losses (Note 1)
Market risk benefits expense (Note 1)
Amortization of deferred transaction costs (Note 1)
Universal life and annuity contract interest (Note 1)
Other operating expenses
Total benefits and expenses
Earnings before Federal income taxes
Federal income taxes
Net earnings
Class A
Class B
Total net earnings
Basic Earnings Per Share:
Basic earnings per share (in dollars per share)
Class A
Class B
Diluted Earnings Per Share:
Diluted earnings per share (in dollars per share)
Class A
Class B

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