NATIONAL WESTERN LIFE Reports Strong Earnings for Second Quarter of FY2023
August 22, 2023
☀️Earnings Overview
NATIONAL WESTERN LIFE ($NASDAQ:NWLI)’s total revenue for the quarter ended June 30 2023 was USD 186.2 million, an increase of 58.9% compared to the second quarter of FY2022. Net income for the quarter, however, decreased 3.7% year over year to USD 29.6 million.
Market Price
On Wednesday, National Western Life reported strong earnings for the second quarter of FY2023. The company’s stock opened at $445.0 and closed at $442.7, a decrease of 0.5% from the previous closing price of 445.0. This strong earnings report is a positive sign for National Western Life. The company has shown steady growth over the past year and continues to demonstrate its ability to generate strong returns for shareholders.
This is an attractive proposition for potential investors looking to invest in the company’s stock. Overall, the strong earnings reported by National Western Life are encouraging and demonstrate that the company is on the right track for continued success in the future. Investors should take note of the company’s solid performance in the second quarter of FY2023 and consider investing in its stock as an attractive option. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NWLI. More…
| Total Revenues | Net Income | Net Margin |
| 640.65 | -51.01 | -8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NWLI. More…
| Operations | Investing | Financing |
| 338.82 | 249.06 | -826.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NWLI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.45k | 10.18k | 626.56 |
Key Ratios Snapshot
Some of the financial key ratios for NWLI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.8% | – | – |
| FCF Margin | ROE | ROA |
| 52.5% | – | – |
Analysis
At GoodWhale, we conducted an analysis of NATIONAL WESTERN LIFE’s wellbeing and here are the results. According to our Star Chart, NATIONAL WESTERN LIFE is classified as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. This makes it an attractive option for investors who want a steady income from their investments. In terms of financial health, NATIONAL WESTERN LIFE scored an impressive 8/10, indicating excellent cashflow management and low debt. This gives us confidence that the company is capable of sustaining future operations in times of crisis. Additionally, NATIONAL WESTERN LIFE is strong in dividend, medium in asset and weak in growth, profitability. This makes it a suitable investment option for income-seeking investors looking for steady returns with minimal risks. More…
Peers
Life insurance companies like National Western Life Group Inc offer customers a way to financially protect their loved ones in the event of their death. These companies compete for customers by offering different products with varying levels of coverage. Some life insurance companies, like Lincoln National Corp, focus on offering whole life insurance policies. Others, like Genworth Financial Inc, sell a variety of life insurance products, including term life insurance and universal life insurance. Kansas City Life Insurance Co is another competitor that offers a variety of life insurance products.
– Lincoln National Corp ($NYSE:LNC)
Lincoln National Corporation is a holding company, which engages in the business of insurance and retirement solutions. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and equity-indexed annuities. The Retirement Plan Services segment provides tax-deferred savings plans. The Life Insurance segment offers products, including whole life, term life, and universal life. The Group Protection segment provides group life, long-term and short-term disability, dental and vision, and voluntary benefits. The company was founded in 1905 and is headquartered in Radnor, PA.
– Genworth Financial Inc ($NYSE:GNW)
Genworth Financial Inc is a leading insurance company with a market cap of 2.43B as of 2022. The company has a strong focus on providing protection for families and individuals through a wide range of insurance products. The company has a return on equity of 6.41%, indicating that it is a profitable company.
– Kansas City Life Insurance Co ($OTCPK:KCLI)
The company’s market cap is $287.6M as of 2022. It is a leading provider of life insurance and annuity products in the United States. The company offers a wide range of life insurance products, including whole life, term life, and universal life. It also offers annuities, such as fixed annuities and variable annuities. In addition, the company provides a variety of other financial services, such as investment management and trust services.
Summary
NATIONAL WESTERN LIFE reported strong financial results for the second quarter of FY2023, with total revenue rising 58.9% year over year. Despite this, the company’s net income decreased 3.7% when compared to the same quarter in the prior year. Analyzing this data, investors may be encouraged by the high revenue growth, but concerned about the decline in net income. It will be important to watch how future quarters pan out for NATIONAL WESTERN LIFE in order to make an informed decision about investing in the company.
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