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Myiris news - us-equities - National Western Life fourth-quarter earnings drop by 26.19 percent on a YOY basis
04 April, 2025 09:42 IST
National Western Life fourth-quarter earnings drop by 26.19 percent on a YOY basis
Source: IRIS | 14 Mar, 2017, 05.33PM

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National Western Life Group, Inc. (NWLI) has reported a 26.19 percent fall in profit for the quarter ended Dec. 31, 2016. The company has earned $23.61 million in the quarter, compared with $31.99 million for the same period last year.

Revenue during the quarter went up marginally by 2.16 percent to $184.48 million from $180.58 million in the previous year period. Net premium earned for the quarter declined 5.45 percent or $9.34 million to $161.95 million.

The company has recorded a gain on investments of $22.54 million in the quarter compared with a gain of $9.29 million for the previous year period.

 


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