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Corporation
nationalwesternlife.com

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Partners & Customers

3

About National Western Life Insurance

National Western Life Insurance seeks to provide high-quality insurance products to meet the financial security needs of well-defined market segments. It is a subsidiary of National Western Life Group.

National Western Life Insurance Headquarter Location

10801 N Mopac Expy, Bldg. 3

Austin, Texas, 78759,

United States

800-922-9422

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Latest National Western Life Insurance News

National Western Life enters into annuity reinsurance transaction with Prosperity

Jan 19, 2021

Reinsurance News National Western Life Insurance Company (NWLIC), part of National Western Life Group, Inc., has completed an annuity reinsurance transaction with Bermuda domiciled reinsurer, Prosperity Life Assurance Limited, effective December 31st, 2020. Prosperity, which is rated A- (Excellent) by A.M. Best, is an emerging provider of bespoke and innovative reinsurance solutions to the life insurance and annuity sector. The reinsurance transaction, designed to expand financial flexibility and provide opportunity for incremental earnings at NWLIC, covers approximately $1.7 billion in fixed annuity reserves. According to NWLIC, the deal will improve its overall financial performance and also risk-based capital ratios. “By reinsuring older fixed annuity business, we anticipate improving our already strong capital position and RBC ratio as well as increasing our financial flexibility,” said Ross Moody, Chairman of the Board and Chief Executive Officer (CEO). Under the terms of the arrangement, NWLIC will continue to both administer and service the policies included in the transaction. The life insurer notes that this transaction with Prosperity further supports and reinforces its strategic commitment to enhance its product portfolio management efforts, while at the same time modernise its technology platforms supporting its operations.

National Western Life Insurance Acquisitions

1 Acquisition

National Western Life Insurance acquired 1 company. Their latest acquisition was Ozark National Life Insurance on October 04, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/4/2018

Acquired

8

Date

10/4/2018

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

8

National Western Life Insurance Partners & Customers

3 Partners and customers

National Western Life Insurance has 3 strategic partners and customers. National Western Life Insurance recently partnered with SS&C Technologies on November 11, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

11/3/2020

Vendor

SS&C Technologies

United States

National Western Life Selects SS&C for Loan Servicing and Accounting Automation

National Western Life chose SS&C Technologies for its flexibility , support for complex loan products , and superior servicing capabilities .

3

11/18/2019

Vendor

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10

7/8/2010

Vendor

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10

Date

11/3/2020

11/18/2019

7/8/2010

Type

Vendor

Vendor

Vendor

Business Partner

SS&C Technologies

Country

United States

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News Snippet

National Western Life Selects SS&C for Loan Servicing and Accounting Automation

National Western Life chose SS&C Technologies for its flexibility , support for complex loan products , and superior servicing capabilities .

Subscribe to see more

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Sources

3

10

10

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