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National Western Life Group, Inc. News Releases

Austin, Texas, August 7, 2018

Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today second quarter 2018 consolidated net earnings of $32.5 million, or $9.18 per diluted Class A common share, compared with consolidated net earnings of $25.5 million, or $7.21 per diluted Class A common share, for the second quarter of 2017. For the six months ended June 30, 2018, the Company reported consolidated net earnings of $59.3 million, or $16.78 per diluted Class A common share, compared with $49.0 million, or $13.86 per diluted Class A common share, a year ago. The Company's book value per share as of June 30, 2018 was $507.93.

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