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  4. Financial Ratios
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National Western Life Group NWLI
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Quarterly report 2024-Q1
added 06-06-2026

National Western Life Group Financial Ratios 2023-2011 | NWLI

Brief overview of National Western Life Group's valuation and returns

The comparison uses the five latest available annual observations between 2016 and 2020.

Market valuation is represented by P/E 7.09x (median 9.13x), P/B 0.26x (median 0.56x), P/CF 1.81x (median 3.29x). On average, this basket is 44.9% below its own five-year medians. The market values the business at a discount to recent history.

The 1/P/E calculation produces a 14.1% earnings yield. It does not capture future growth or capital structure.

Capital efficiency is characterized by ROE 3.9%, ROA 0.8%, ROCE 15.8%. Business quality is below comfortable levels on current returns. Better margins or turnover are needed.

Current PEG is 0.6x; the market pays comparatively little per unit of expected growth.

Banks and insurers require sector-specific reading: the value and return on capital matter more than standard industrial multiples.

Overall picture

National Western Life Group's valuation is lower, but weak quality metrics call for caution. Recovery in earnings and capital returns is the key catalyst.

Annual Financial Ratios National Western Life Group

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

P/E

 - - - 7.1 7.6 9.1 10.5 10.5 8.7 8.6 8.7 6.9 8.9

P/S

 - - - 0.9 1.2 1.9 1.3 1.6 1.5 1.3 1.0 1.0 0.9

EV (Enterprise Value)

 9.33 B 10.3 B 11.1 B 12.2 B 11.2 B 11 B 11.3 B 11.2 B 10.9 B 10.7 B 10.2 B 9.51 B 8.95 B

EBITDA per Share

 - - - 166 - - - 28.4 26 26.7 25.4 25.2 -

EV/EBITDA

 942.2 720.1 852.0 0.2 - - - 10.1 7.8 6.2 7.5 5.2 -

PEG

 - - - -0.22 0.6 1.59 1.11 1.37 -1.95 1.05 1.09 0.14 -0.37

P/B

 - - - 0.3 0.5 0.6 0.6 0.6 0.5 0.6 0.6 0.5 0.4

P/CF

 - - - 1.8 3.1 3.3 4.3 4.1 2.5 2.9 3.3 2.2 2.0

ROE %

 3.87 11.25 7.11 3.63 6.18 6.14 6.03 5.86 6.10 6.78 6.65 6.65 4.36

ROA %

 0.77 1.93 1.26 0.63 1.05 0.98 0.90 0.85 0.85 0.93 0.89 0.90 0.57

ROCE %

 - - - 15.81 - - - 0.78 0.81 - - - -

Current Ratio

 1.2 1.2 1.2 0.1 6.4 3.4 8.6 0.8 2.1 - - - -

DSO

 - - - 903.5 - 11.9 - - 7.7 - - 3.1 -

All numbers in USD currency

Quarterly Financial Ratios National Western Life Group

2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

ROE %

 7.67 5.84 7.22 9.89 9.36 10.91 11.76 10.03 6.06 7.44 6.31 6.25 3.63 4.03 4.55 4.24 6.22 5.58 6.51 6.63 6.14 7.16 6.47 6.16 6.03 5.24 6.01 6.14 5.86 6.47 5.52 5.78 6.10 5.93 6.75 1.32 1.81 1.83 - - - - - - - - - - - - - -

ROA %

 1.48 1.04 1.22 1.69 1.60 1.87 2.05 1.75 1.05 1.29 1.08 1.07 0.63 0.69 0.78 0.71 1.05 0.93 1.07 1.07 0.98 1.12 1.00 0.94 0.90 0.78 0.88 0.90 0.85 0.93 0.78 0.81 0.85 0.82 0.93 0.18 0.25 0.25 - - - - - - - - - - - - - -

ROCE %

 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 3.48 5.23 5.54 5.28 4.09 5.06 4.93 4.79 3.88 5.61 1.62 1.28 - 1.74 - - - - - - - - - - - - - -

Current Ratio

 1.3 1.2 1.2 1.2 - 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 - - - - - - - - - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company National Western Life Group, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Insurance life industry

Issuer Price % 24h Market Cap Country
Prudential plc Prudential plc
PUK
 		$ 25.81 -0.81 % $ 66.6 B britainBritain
MetLife MetLife
MET
 		$ 102.76 1.07 % $ 68.7 B usaUSA
Vericity Vericity
VERY
 		- - $ 170 M usaUSA
Prudential Financial Prudential Financial
PRU
 		$ 123.27 1.0 % $ 43.4 B usaUSA
Globe Life Globe Life
GL
 		$ 163.48 1.02 % $ 13.3 B usaUSA
Unum Group Unum Group
UNM
 		$ 81.15 1.15 % $ 14 B usaUSA
Genworth Financial Genworth Financial
GNW
 		$ 8.69 -0.34 % $ 3.55 B usaUSA
Aflac Incorporated Aflac Incorporated
AFL
 		$ 127.03 1.45 % $ 67.7 B usaUSA
Brighthouse Financial Brighthouse Financial
BHF
 		$ 44.35 0.82 % $ 2.55 B usaUSA
GWG Holdings, Inc. GWG Holdings, Inc.
GWGH
 		- -7.07 % $ 95.7 M usaUSA
CNO Financial Group CNO Financial Group
CNO
 		$ 57.79 1.1 % $ 5.65 B usaUSA
Atlantic American Corporation Atlantic American Corporation
AAME
 		$ 1.24 9.51 % $ 25.3 M usaUSA
China Life Insurance Company Limited China Life Insurance Company Limited
LFC
 		- -0.77 % $ 101 B chinaChina
Manulife Financial Corporation Manulife Financial Corporation
MFC
 		$ 44.33 0.24 % $ 75.5 B canadaCanada
Lincoln National Corporation Lincoln National Corporation
LNC
 		$ 42.77 -0.49 % $ 7.81 B usaUSA
Primerica Primerica
PRI
 		$ 304.21 1.67 % $ 9.93 B usaUSA
FBL Financial Group, Inc. FBL Financial Group, Inc.
FFG
 		- 0.03 % $ 1.49 B usaUSA
Independence Holding Company Independence Holding Company
IHC
 		- 0.12 % $ 831 M usaUSA
American Equity Investment Life Holding Company American Equity Investment Life Holding Company
AEL
 		- 0.55 % $ 4.49 B usaUSA
Citizens Citizens
CIA
 		$ 4.39 0.92 % $ 223 M usaUSA