National Western Life Insurance Company has reported rise in fiscal 2013 consolidated net earnings to $96.2m, compared to $92.6m last year.
Total revenues for the full year ended on 31 December 2013 were also up 29% to $860.3m against $664.7m in fiscal 2012.
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For the fourth quarter of fiscal 2013, the company reported consolidated net earnings of $27.8m, an increase from $25.2m in the same quarter last year.
Its total revenues for the quarter also increased to $258.2m, compared to $149.4m in Q4 2012.
National Western Life Insurance president Ross Moody said that the company booked a solid fourth quarter to end the year as all of its profitability levers performed consistent with expectations.
"The appeal of our fixed-index universal life and fixed-index annuity product offerings was evident this past year as we experienced sales growth rates of 32% and 9%, respectively, over 2012 levels," Moody added.
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