Navigation Links
National Western Life Announces 2008 Fourth Quarter and 2008 Earnings
Date:3/9/2009

AUSTIN, Texas, March 9 /PRNewswire-FirstCall/ -- Ross R. Moody, President of National Western Life Insurance Company (Nasdaq: NWLI), announced today fourth quarter 2008 consolidated net earnings of $10.9 million, or $3.06 per diluted Class A common share, compared with consolidated net earnings of $29.2 million, or $8.22 per diluted Class A common share, for the fourth quarter of 2007. For the year ended December 31, 2008, the Company reported consolidated net earnings of $33.6 million, or $9.48 per diluted Class A common share, compared with $85.4 million, or $23.95 per diluted Class A common share, a year ago. The Company's book value per share was $271.99.

Net earnings for the quarter and year ended December 31, 2008 included after-tax investment losses of $2.8 million and $17.0 million, or $0.79 and $4.80 per diluted Class A share, respectively. The after-tax investment losses were substantially the result of other-than-temporary impairments on bond holdings in which the fair values of securities declined significantly below their book value to the Company. Generally accepted accounting principles (GAAP) require that securities be written down in such situations even if the Company has the intent to hold the securities to maturity. Mr. Moody indicated that the Company's investment losses were a reflection of the current economic crisis. "We are fortunate to incur minimal investment losses on a $6 billion investment portfolio, particularly in light of what other life insurers have been reporting in their year-end earnings releases. The financial markets have become extremely volatile and illiquid which combined with stringent GAAP requirements make it difficult to avoid substantial investment losses," Mr. Moody stated.

Operating revenues, excluding realized investment gains (losses) and realized and unrealized gains (losses) on
'/>"/>

SOURCE National Western Life Insurance Company
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. International study strengthens case for daily calcium pill
2. Yakima Health Care Leader Tapped for Leadership Post at National Association
3. Virginia Tech Report Has National Importance
4. Donate Life America Dispels Myths About Organ & Tissue Donation Among Hispanics During National Hispanic Heritage Month
5. Us TOO Launches National SEA Blue Campaign for Prostate Cancer Awareness Month
6. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
7. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
8. 4-Star Gen. Barry McCaffrey, Former U.S. Drug Czar, to Address National Drug Crisis, Keynote Grand Opening of New Allenwood, PA National Model Detox Center
9. Australian-led international study shows blood pressure drugs cut death rate in type 2 diabetes
10. LCA Hails International Investigators Studying Lung Cancer
11. National Patient Safety Foundation Partners with Vocera Communications
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/26/2014)... (PRWEB) November 26, 2014 For those with ... new LES MILLS BODYPUMP™ classes at the University ... the workout they've been looking for. The 45- 60 minute ... Anschutz Health and Wellness Center fitness club memberships. , LES ... workouts are fast-paced and are aimed at fast results ...
(Date:11/26/2014)... November 26, 2014 News Facts ... expanded capabilities at RSNA 2014 in Chicago. The ... and share diagnostic images, photos, videos and documents ... booth #8107 will learn more about these innovative ... technologies and partner initiatives – that enable more ...
(Date:11/26/2014)... 2014 One of the most important ... point in her life is choosing the ideal wedding ... for ladies to purchase high quality outfits. Today, BellasDress.com ... People now can pick their suitable bridesmaid gowns here ... always make ladies look scintillating and highlight all their ...
(Date:11/26/2014)... (HealthDay News) -- Vultures have developed highly specialized ways ... eating dead animals, researchers report. The new research ... faces and in the guts of 50 turkey vultures ... the faces of the vultures had more than 500 ... guts, the study found. The findings suggest that ...
(Date:11/26/2014)... Nov. 25, 2014 (HealthDay News) -- The number of emergency ... million in 2010 to a record 136 million in 2011, ... The findings also showed that fewer people were going ... were identified as needing medical care within two hours of ... percent, according to the research. Sixty percent of patients ...
Breaking Medicine News(10 mins):Health News:LES MILLS BODYPUMP™ classes come to the University of Colorado Anschutz Health and Wellness Center 2Health News:Perceptive Software to Demonstrate New Medical Content Management Features and Capabilities at RSNA 2014 2Health News:Perceptive Software to Demonstrate New Medical Content Management Features and Capabilities at RSNA 2014 3Health News:Royal Blue Bridesmaid Dresses Now Are Available for Christmas at BellasDress.com 2Health News:ER Visits on the Rise, Study Reports 2
... is raffling a $100 Super Certificate to one lucky donor every day ... , PHILADELPHIA, Dec. 16 With the holiday season ... and enjoy this special time of year. As we make our plans ... blood. , , (Logo: http://www.newscom.com/cgi-bin/prnh/20081216/DC52619LOGO ) ...
... child health data. , ... Boston, MA (Vocus) December ... pregnancy had a 1.5 times higher incidence of asthma when compared ... finds a large population-based study by researchers at Children’s Hospital Boston. ...
... Calif., Dec. 16 Donor mother Kim Morsching will,be among ... Rose Parade,held here on New Year,s Day. This year,s ... make the gift of life possible for others. Kim,Morsching,s ... dying in a tragic accident in 2007. , ...
... AUSTIN, Dec. 16 In this season of giving ... announce that it is,awarding $5.15 million in grants to ... Central Texans. , ... to ensure access to,health care for Central Texans," said ...
... HOUSTON - Lorenzo Cohen, Ph.D., Director of the ... M. D. Anderson Cancer Center is the recipient ... Award of Shanghai Municipality (ISTCASM) and the 2008 ... research into the use of traditional Chinese medicine ...
... 16 Pioneer Surgical Technology,Inc., a leading innovator ... implants and instruments, today announced the closing of ... participation from,InvestMichigan! Growth Capital Fund (IMGCF). Previous investors ... and River Cities,Capital Funds also participated in the ...
Cached Medicine News:Health News:Donating Blood Can Help Fill Your Holiday Stockings 2Health News:Antacid Medication in Pregnancy May Increase Childhood Asthma 2Health News:Antacid Medication in Pregnancy May Increase Childhood Asthma 3Health News:Antacid Medication in Pregnancy May Increase Childhood Asthma 4Health News:Young Athlete's Gift of Life to be Honored on Rose Parade Float 2Health News:$5.15 Million Provided to Support Local Health Care Needs 2Health News:$5.15 Million Provided to Support Local Health Care Needs 3Health News:$5.15 Million Provided to Support Local Health Care Needs 4Health News:M. D. Anderson's Cohen honored for contributions to traditional Chinese medicine 2Health News:M. D. Anderson's Cohen honored for contributions to traditional Chinese medicine 3Health News:Pioneer(R) Surgical Technology, Inc. Closes $15 Million Series B Financing 2Health News:Pioneer(R) Surgical Technology, Inc. Closes $15 Million Series B Financing 3Health News:Pioneer(R) Surgical Technology, Inc. Closes $15 Million Series B Financing 4
(Date:11/26/2014)... Nov. 26, 2014  Aridis Pharmaceuticals, Inc., a ... therapies for infectious diseases, announced today the addition ... recognized key opinion leader in the areas of ... board. Founder and Chief Executive Officer, ... Dr. Opal,s extensive experience investigating bacterial toxins and ...
(Date:11/26/2014)... YORK and LONDON , ... of market intelligence, MarketResearch.com is pleased to announce the ... and Consultancy focusing on the active pharmaceutical ingredient (API) ... visit: http://www.marketresearch.com/land/publisher.asp?vendorid=4023&progid=86891 . In IQ4I,s ... – Forecast to 2020 , IQ4I ...
(Date:11/26/2014)... 2014  At the American Dental Association,s Annual Meeting ... KaVo Kerr Group was honored to be part of ... opportunity to see and test the Best of Class ... lectures on the latest developments in dental technology. This ... DEXIS CariVu Caries Detection Device and Kerr Demi ™  ...
Breaking Medicine Technology:Aridis Pharmaceuticals Appoints Dr. Steven Opal to Scientific Advisory Board 2Aridis Pharmaceuticals Appoints Dr. Steven Opal to Scientific Advisory Board 3MarketResearch.com: Active Pharmaceutical Ingredient Market to Reach $175 Billion by 2020 Says IQ4I Report 2MarketResearch.com: Active Pharmaceutical Ingredient Market to Reach $175 Billion by 2020 Says IQ4I Report 3KaVo Kerr Group Showcased in Pride Institute Technology Expo at ADA Annual Meeting 2KaVo Kerr Group Showcased in Pride Institute Technology Expo at ADA Annual Meeting 3
... March 18, 2011 ViroPharma Incorporated (Nasdaq: ... Products for Human Use (CHMP) of the European Medicines ... plenary meeting in March 2011 recommending approval of a ... adults and adolescents with hereditary angioedema (HAE) for routine ...
... 18, 2011 Quest Diagnostics Incorporated (NYSE: ... information and services, and Celera Corporation (Nasdaq: ... diagnostics discovery and development, announced today that they have ... Diagnostics will acquire Celera for $8 per share, representing ...
Cached Medicine Technology:ViroPharma Announces Positive CHMP Opinion for Cinryze® (C1 Inhibitor [Human]) in European Union 2ViroPharma Announces Positive CHMP Opinion for Cinryze® (C1 Inhibitor [Human]) in European Union 3ViroPharma Announces Positive CHMP Opinion for Cinryze® (C1 Inhibitor [Human]) in European Union 4ViroPharma Announces Positive CHMP Opinion for Cinryze® (C1 Inhibitor [Human]) in European Union 5ViroPharma Announces Positive CHMP Opinion for Cinryze® (C1 Inhibitor [Human]) in European Union 6Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development 2Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development 3Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development 4Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development 5Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development 6Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development 7
The first Ethyl-2-Cyanoacrylate tissue adhesive in a tube that is more economical than sutures!...
Redwood Toxicology Laboratory is one of the world's premier forensic drug detection laboratories offering its customers scientifically accepted, legally defensible drug detection services....
... Affinity pacemaker family offers ... truly automatic devices. Featuring ... of advanced technologies ever ... pacemaker incorporates the exclusive ...
... pacemaker family offers some ... automatic devices. Featuring the ... advanced technologies ever seen, ... incorporates the exclusive ventricular ...
Medicine Products: