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National Western Life Group, Inc. News Releases

Austin, Texas, March 10, 2017

Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today 2016 consolidated net earnings of $100.9 million, or $28.53 per diluted Class A common share, compared with consolidated net earnings of $98.4 million, or $27.82 per diluted Class A common share, for 2015. The Company's book value per share increased to $473.53 as of December 31, 2016 from $443.32 as of December 31, 2015. For the quarter ended December 31, 2016, the Company reported consolidated net earnings of $23.6 million, or $6.67 per diluted Class A common share, compared with $32.0 million, or $9.04 per diluted Class A common share, in the fourth quarter of 2015.

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