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National Western Life Group, Inc. News Releases

Austin, Texas, May 9, 2017

Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today first quarter 2017 consolidated net earnings of $23.5 million, or $6.65 per diluted Class A common share, compared with consolidated net earnings of $17.3 million, or $4.88 per diluted Class A common share, for 2016. The Company's book value per share increased to $481.06 as of March 31, 2017 from $473.53 as of December 31, 2016.

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