AUSTIN, Texas, Nov. 9, 2016 /PRNewswire/ -- National
Western Life Group, Inc. (Nasdaq: NWLI), announced the appointment
of K. Kennedy Nelson to the position
of President & Chief Operating Officer of its wholly owned
subsidiary, National Western Life Insurance Company ("National
Western"), effective as of October
24, 2016. Ms. Nelson will report directly to Chairman
and Chief Executive Officer, Ross R.
Moody.
Ms. Nelson has been with National Western since 2002 and most
recently served as Senior Vice President – Chief Actuary.
As President, Ms. Nelson is now responsible for the overall
day to day operations of National Western with all senior vice
presidents reporting directly to her.
Mr. Moody stated, "I strongly believe that this change,
along with Kitty's strong understanding of our business and
operations, along with her wealth of experience, will help to
better position National Western for the challenges ahead. I
look forward to working with her as we continue to navigate the
challenges facing the life insurance industry and National
Western."
"I am honored by the confidence and trust the Board and Mr.
Moody have shown me," Ms. Nelson said. "I will strive to
repay that trust by exceeding their expectations and helping guide
National Western towards continued success."
About National Western Life Group, Inc.
National Western Life Group, Inc. is the parent organization of
National Western. Founded in 1956, National Western is a stock life
insurance company offering a broad portfolio of individual
universal life, whole life and term insurance plans, annuity
products, and investment contracts meeting the financial needs of
its customers in 49 states as well as residents of various
international countries. National Western has 265 employees and
approximately 26,200 contracted independent agents, brokers, and
consultants. At September 30, 2016,
National Western Life Group, Inc. maintained total consolidated
assets of $11.9 billion,
stockholders' equity of $1.7 billion,
and life insurance in force of $21.1
billion.
Caution Regarding Forward-Looking Statements:
This press release contains statements which are or may be viewed
as forward-looking within the meaning of The Private Securities
Litigation Reform Act of 2005. Forward-looking statements relate to
future operations, strategies, financial results or other
developments, and are subject to assumptions, risks, and
uncertainties. Factors that may cause actual results to differ
materially from those contemplated in these forward-looking
statements can be found in the Company's Form 10-K filed with the
Securities and Exchange Commission. Forward-looking statements
speak only as of the date the statement was made and the Company
undertakes no obligation to update such forward-looking statements.
There can be no assurance that other factors not currently
anticipated by the Company will not materially and adversely affect
our results of operations. Investors are cautioned not to place
undue reliance on any forward-looking statements made by us or on
our behalf.
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SOURCE National Western Life Group, Inc.