National Western Life Reports Q4 EPS of $5.72

Ross R. Moody, President of National Western Life Insurance Company NWLI, announced today fourth quarter 2010 consolidated net earnings of $20.2 million, or $5.72 per diluted Class A common share, compared with consolidated net earnings of $12.7 million, or $3.59 per diluted Class A common share, for the fourth quarter of 2009.

For the year ended December 31, 2010, the Company reported consolidated net earnings of $72.9 million, or $20.61 per diluted Class A common share, compared with $45.5 million, or $12.87 per diluted Class A common share, a year ago.

Operating revenues, excluding realized investment gains (losses) and realized and unrealized gains (losses) on index options, totaled $142.6 million for the quarter ended December 31, 2010, an increase of 8% over operating revenues of $131.8 million reported in the fourth quarter of 2009.