On October 1, 2015, National Western Life Insurance Company (NWL) became a wholly owned subsidiary of National Western Life Group, Inc.
About the Company
National Western Life Insurance Company is a Colorado corporation with executive offices in Austin, Texas, and is a wholly owned subsidiary of National Western Life Group, Inc. Since its start in 1956, National Western Life has emphasized financial strength for the protection of its policyholders. The Company offers a broad portfolio of life insurance and annuity products, providing professional and friendly service to its policyholders and agents.
October 09, 2023 : National Western and Prosperity Life Group Announce $1.9 Billion Cash Merger
Independent Ratings of NWL
Most life insurance companies obtain one or more ratings from various independent rating agencies. These ratings help policyholders, agents, investors, and others evaluate the financial strength and stability of insurance companies.
National Western's ratings are:
- "A" (Excellent) by A.M. Best, and
- "A-" (Strong) by Standard & Poor's.
A.M. Best's ratings are based on specific factors related to the overall performance of an insurance company. An A.M. Best rating is indicative of the Company's financial strength, operating performance, and ability to meet its obligations to policyholders. Ratings range from A++ (superior) to F (in liquidation). The "A" rating identifies companies which have, on average, demonstrated excellent financial strength, operating performance, and market profile when compared to the industry standards established by A.M. Best. In the opinion of A.M. Best, an "A" - rated company has a strong ability to meet their ongoing obligations to policyholders.
Standard & Poor's ratings are an opinion of the financial security characteristics of an insurance organization with respect to its ability to pay out its insurance policies and contracts in accordance with their terms. Ratings range from "AAA" (extremely strong), to "CC" (extremely weak), and "R" (regulatory action regarding solvency).
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