National Western Life Insurance Company & National Western Life Group, Inc.
octubre 2, 2015
National Western Life Ins. Co.
A.M. Best ratifica la calificación financiera ‘Excelente’ de National Western Life Insurance Company
junio 15, 2012
A.M. Best Affirms Ratings of National Western Life Insurance Company
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of «A» of National Western Life Insurance Company (NWL) (Denver, CO) [NASDAQ: NWLI]. The outlook for both ratings is stable.
The affirmation of the ratings reflects NWL’s stable statutory capital and surplus and consolidated GAAP equity, its strong level of risk-adjusted capitalization, profitable net operating performance–albeit decreased in 2011 due to index option volatility–the absence of financial leverage in its capital structure and a conservative fixed income investment portfolio. The rating actions also reflect NWL’s diverse business profile, which includes dollar-denominated life products to residents of Latin and Central America countries. A.M. Best recognizes NWL’s long-standing presence in the international life insurance segment as a strong competitive advantage that provides diversification of revenue, earnings and risk management. Other positive rating factors include NWL’s well-defined hedging programs designed to mitigate the equity market risk associated with its fixed index annuities and life products and asset/liability management that ensure appropriate matching of its assets with its product liabilities.
Partially offsetting these positive rating factors is NWL’s large and increasing exposure to interest-sensitive liabilities, which is a result of recent strong growth in annuity sales. The company’s interest-sensitive liability growth trends are supported primarily by a fixed-income investment portfolio, which could be vulnerable to declining yields and further reinvestment risks. A.M. Best recognizes that these risks are somewhat mitigated by surrender charge protection and market value adjustments within its annuity products, as well as by its strong capital position. A.M. Best believes NWL may be challenged to sustain and improve its historical operating performance given the expense strains expected from anticipated new business growth, the challenges of increased competition and costs related to its continuing technology enhancement initiatives. While acknowledging its recent efforts to grow its U.S. domestic life businesses, A.M. Best believes the company will remain challenged to meaningfully grow this segment in the near term given the intense competitive landscape of the individual life insurance market.
A.M. Best believes NWL is well positioned at its current ratings. Downward rating pressure could occur if there is a continuing trend of declining statutory earnings or sizable operating losses, further product concentration risk from the company’s interest sensitive liabilities and a significant drop in its reported risk-adjusted capitalization.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Additional key criteria utilized include: «Understanding BCAR for Life and Health Insurers»; «Assessing Country Risk»; and «Risk Management and the Rating Process for Insurance Companies.» Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology .
Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com
Fuente: A.M. Best Company, Inc. 31/05/12.
National Western Life Insurance Company
Información relacionada:
National Western Life Insurance stock upgraded (NWLI)
febrero 7, 2012
National Western Life Insurance Stock Upgraded (NWLI)
By TheStreet Wire 07/FEB/12
NEW YORK (TheStreet) — National Western Life Insurance (Nasdaq:NWLI) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
■ NATIONAL WESTERN LIFE has improved earnings per share by 43.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, NATIONAL WESTERN LIFE increased its bottom line by earning $20.04 versus $12.51 in the prior year.
■ The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 43.3% when compared to the same quarter one year prior, rising from $13.44 million to $19.26 million.
■ NWLI has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign.
■ Net operating cash flow has increased to $81.90 million or 44.43% when compared to the same quarter last year. In addition, NATIONAL WESTERN LIFE has also vastly surpassed the industry average cash flow growth rate of -13.95%.
National Western Life Insurance Company provides life insurance products for the savings and protection needs of policyholders and annuity contracts for the asset accumulation and retirement needs of contract holders. The company has a P/E ratio of 7.5, above the average insurance industry P/E ratio of seven and below the S&P 500 P/E ratio of 17.7. National Western Life has a market cap of $485.5 million and is part of the financial sector and insurance industry. Shares are up 12.7% year to date as of the close of trading on Monday.
You can view the full National Western Life Ratings Report or get investment ideas from our investment research center.
— Written by a member of TheStreet RatingsStaff
Fuente: The Street, 07/02/12.
For more information on National Western Life Insurance click any of the following:
§ National Western Life Insurance Stock Price
§ National Western Life Insurance Analyst Ratings
§ National Western Life Insurance Key Stats & Profile
§ National Western Life Insurance Earnings
§ National Western Life Insurance Ratio Comparison
§ National Western Life Insurance Growth Rates
§ National Western Life Insurance Balance Sheet
§ National Western Life Insurance Cash Flow
§ National Western Life Insurance Income Statement
Austin, TEXAS. USA.
National Western Life Insurance is Among the Companies in the Life & Health Insurance Industry With the Highest Free Cash Flow Per Share (NWLI, FFG, PRU, MET, PFG)
Feb 07, 2012 (SmarTrend(R) News Watch via COMTEX) — Below are the three companies in the Life & Health Insurance industry with the highest free cash flow per share. FCF/share is a valuable metric signaling a company’s ability to facilitate growth in the business. National Western Life Insurance ranks highest with a FCF per share of $52.19. FBL Financial Group is next with a FCF per share of $16.89. Prudential Financial ranks third highest with a FCF per share of $14.01.
[February 07, 2012]
Fuente: http://insurance-technology.tmcnet.com/news/2012/02/07/6102711.htm 07/02/12
«National Western Life Insurance Company (NWLI)» Marty Whitman e Insiders son optimistas sobre esta acción
octubre 13, 2011
«National Western Life Insurance Company (NWLI)» Marty Whitman e Insiders son optimistas sobre esta acción
Por Insider Monkey
Martin Whitman es director fundador y Co-Director de Inversiones de Third Avenue Management, que tiene aproximadamente cinco mil millones de dólares de activos bajo gestión. Las Empresas de gestión de activos dedican importantes recursos a la investigación de acciones. A veces, incluso cruzan la línea para tratar de obtener material de información no pública antes de invertir. Otras veces tienen una ventaja porque conocen sus empresas e industrias seleccionadas mejor que casi todos los demás inversores. Creemos que mediante la imitación de la selección de acciones de los inversores más inteligentes del mundo, los inversores tienen más probabilidades de ganarle al mercado en el largo plazo. (leer más: http://www.insidermonkey.com/blog/2011/10/13/marty-whitman-and-insiders-are-bullish-about-these-stocks/#more-6775 )
Fuente: Insider Monkey, 13/10/11.
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Más información:
NWL-Annual-Report-2008
NWL-Annual-Report-2009
NWL-Financial-Highlights-2010-09-30
NWL-2010-3Q-Results
NWL-Annual-Report-2010
Análisis-de-Compañía-de-Seguros-NWL-v-2010-12
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‘National Western Life Insurance Company (NWLI)’ Marty Whitman and Insiders Are Bullish About These Stocks
By Insider Monkey
Martin Whitman is the founder, Co-Chief Investment Officer, and Portfolio Manager of the Third Avenue Management, which has nearly $5 billion assets under management. Asset Management firms devote significant resources to researching stocks. They sometimes even cross the line to try to obtain material non-public information before investing. Additionally, corporate insiders have material non-public information and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the stock picks of these smartest investors in the world, investors are more likely to beat the market in the long term. (more… http://www.insidermonkey.com/blog/2011/10/13/marty-whitman-and-insiders-are-bullish-about-these-stocks/#more-6775 )
Posted at October 13th, 2011