National Western Life Group, Inc. (NWLI) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Agency Concentration Risk		478.0
ONL & Affiliates		116.8	115.4	105.6
Annuities		390.4	307.6	400.6	299.9	511.5	385.2	322.4
International Life Insurance		131.4	115.5	146.5	131.6	189.3	168.4	151.8
Other			156.2	166.5	120.1	173.6	128.8	115.6
Total revenues	558.4	824.1	694.7	819.2	551.6	874.4	682.4	589.8
Revenue growth	-32.2%	18.6%	-15.2%	48.5%	-36.9%	28.1%	15.7%	-16.8%
Loss and loss adjustment expenses		187.6	131.3	137.3	65.3	71.5	65.5	67.5
Policy acquisition costs							121.1	120.3
Investment expenses		2.8	2.4	3.3	1.4	1.3	1.1	1.1
Other operating expenses	432.4	406.5	448.9	513.4	343.4	657.1	341.7	254.2
Equity in earnings						14.9	13.1	7.5
EBITDA		101.4	85.4	176.8	153.7	169.4	134.0	121.1
EBITDA margin		12.3%	12.3%	21.6%	27.9%	19.4%	19.6%	20.5%
Depreciation		13.0	11.9	11.7	12.1	10.0	8.1	3.0
EBIT	422.6	88.4	73.5	165.2	141.5	159.4	125.9	118.1
EBIT margin	75.7%	10.7%	10.6%	20.2%	25.7%	18.2%	18.5%	20.0%
Other income (expense), net							26.9	28.6
Pre-tax income	126.0	227.3	112.1	165.2	141.5	144.6	152.9	146.7
Income taxes	24.9	46.6	19.8	33.5	24.7	34.1	52.0	48.3
Tax rate	19.7%	20.5%	17.6%	20.3%	17.5%	23.6%	34.0%	32.9%
Net income	101.1	180.7	92.3	131.6	116.8	110.4	100.9	98.4
Net margin	18.1%	21.9%	13.3%	16.1%	21.2%	12.6%	14.8%	16.7%

Basic EPS		$49.69	$25.39	$36.20	$32.11	$30.37	$27.75	$27.06
Diluted EPS		$49.69	$25.39	$36.20	$32.11	$30.37	$27.74	$27.05

Shares outstanding (basic)		3.6	3.6	3.6	3.6	3.6	3.6	3.6
Shares outstanding (diluted)		3.6	3.6	3.6	3.6	3.6	3.6	3.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.