National Western Life Insurance Company reported higher year over year financial results for the second quarter of 2010. The company reported net income of $20.8 million, or $5.88 per diluted share, compared to net income of $18.8 million, or $5.34 per diluted share, in the second quarter of 2009.
National Western Life Insurance Company reported a higher book value in the second quarter of 2010. The company had a book value of $326.10 per share at June 30, 2010, up sequentially from the $315.73 per share at March 31, 2010.
National Western Life Insurance Company reported operating sales of $140.8 million for the second quarter of 2010, up from $133.6 million in the corresponding quarter of 2009. National Western Life Insurance Company calculates operating sales by excluding realized and unrealized investment gains and losses on derivative contracts that the company owns to hedge its investment portfolio.
The management of National Western Life Insurance Company noted momentum building in some lines of business, with annuity sales doubling during the quarter compared to last year.
National Western Life Insurance Company is a life insurance company headquartered in Austin, Texas. The company sells a variety of life insurance products through brokers and independent agents.
For more information on the company, go to www.nationalwesternlife.com
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