Friday, National Western Life Insurance Company (NWLIA), reported a fall in its net income and revenues for the second quarter, primarily due to losses incurred in investments and derivatives.
The Austin, Texas-based stock life insurance company's net earnings for the second quarter was $18.14 million or $5.10 per share, lower than $21.85 million or $6.12 per share reported in the same period last year.
Total revenues during the quarter decreased to $113.38 million from $148.70 million reported in the corresponding quarter last year. Excluding the losses realized in investments and derivatives, operating revenues rose 5% to $127.4 million from $121.3 million last year.
At the end of the quarter, the company's book value per share increased to $283.94.
For the first-half, the company recorded net earnings of $32.59 million or $9.18 per share, down from $40.52 million or $11.35 in prior year's same period. Total revenues were $212.02 million over $262.81 million last year.
NWLIA ended Friday's trade at $243.99, up 3.12%, on an average volume of 1,949 shares on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.