National Western Life
| Company type | Public (until 2024) |
|---|---|
| Industry | Life insurance |
| Founded | 1956 |
| Fate | Acquired by Prosperity Life Group in July 2024; delisted from Nasdaq |
| Headquarters | Austin, Texas , United States |
Area served | 49 U.S. states (as of 2019) |
| Products | Individual universal life insurance, term life insurance, whole life insurance, annuities, life insurance for foreign nationals |
Number of employees | 275 |
| Parent | Prosperity Life Group (since July 2024) |
National Western Life Insurance Company is a publicly traded life insurance firm based in Austin, Texas, United States.
History
Established in 1956, the company has a workforce of roughly 275 employees and collaborates with approximately 25,200 independent agents. As of 2019, its operations extend throughout 49 states in the U.S.
On January 1, 2020, National Western Life Insurance Company (NWLIC) launched The Sterling Group, forming a strategic partnership with six prominent regional marketing organizations: Excel Advisors, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership, and M&O Marketing.
Products
The product portfolio of National Western Life includes individual universal life insurance, term life insurance, whole life insurance policies, as well as annuity products. Additionally, the company offers life insurance solutions specifically designed for foreign nationals.
Acquisition by Prosperity Life Group
On October 9, 2023, S. USA Life Insurance Company, Inc., affiliated with Prosperity Life Group, announced an agreement to acquire National Western in a fully cash-based deal valued at around $1.9 billion. This acquisition was finalized in July 2024, leading to National Western’s removal from the Nasdaq stock exchange.
See also
External links
- National Western Life
- National Western Life fourth-quarter earnings increase. Associated Press via Bloomberg Businessweek. March 12, 2010.
- Slight decline in National Western Life’s profits. Austin Business Journal. November 9, 2007.