National Western Life Group, Inc (NWLI) has reported 36.38 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $23.54 million, or $6.65 a share in the quarter, compared with $17.26 million, or $4.88 a share for the same period last year. Revenue during the quarter surged 50.67 percent to $224.42 million from $148.94 million in the previous year period. Net premium earned for the quarter went up marginally by 0.73 percent or $1.17 million to $160.63 million.
Total expenses increase substantially
Operating income for the quarter was $21.86 million, compared with $15.71 million in the previous year period. The company has recorded a gain on investments of $63.79 million in the quarter compared with a loss of $10.52 million for the previous year period.
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