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-National Western Life sees consolidated net earnings up in Q2.

BANKING AND CREDIT NEWS-August 9, 2012--National Western Life sees consolidated net earnings up in Q2(C)2012 M2 COMMUNICATIONS http://www.m2.com

9 August 2012 - U.S. insurer National Western Life Insurance Co. (NASDAQ: NWLI) has posted second quarter 2012 consolidated net earnings of USD 23.2m, or USD 6.58 per diluted class A common share, compared with consolidated net earnings of USD 13.8m, or USD 3.90 per diluted class A common share, for the second quarter of 2011.

For the six months ended June 30, 2012, the company reported consolidated net earnings of USD 43.0m, or USD 12.16 per diluted class A common share, compared with USD 32.0m, or USD 9.04 per diluted class A common share, a year ago.

The company's book value per share increased to USD 366.27 as of June 30, 2012 from USD 358.71 at March 31, 2012.

Operating revenues, excluding realized gains on investments and realized and unrealized gains (losses) on index options, totaled USD 158.1m for the quarter ended June 30, 2012, compared to USD 148.8m reported in the second quarter of 2011, an increase in excess of 6%.

For the first six months of 2012, adjusted operating revenues also increased 6% over the comparable period in 2011, the company said.

1 USD = 0.639375 GBP

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Publication:M2 Banking & Credit News (BCN)
Article Type:Financial report
Date:Aug 9, 2012
Words:248
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