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

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	8-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues:
ONL & Affiliates	29.4		28.9	28.9	29.6	29.3	29.1	29.4
Annuities	69.3		64.3	61.6	65.0	92.4	67.7	105.3
International Life Insurance	30.2		21.7	16.1	12.9	35.8	28.8	34.5
Other	57.2		29.0	11.7	26.8	59.2	29.3	52.9
Total revenues	186.2	163.1	143.9	118.3	134.3	216.7	154.9	222.2
Revenue growth	57.4%	-24.7%	-7.1%	-46.8%	-41.7%	-3.1%	-23.6%	2.8%
Loss and loss adjustment expenses	32.7		37.4	26.2	41.9	43.2	70.6	35.9
Policy acquisition costs
Other operating expenses	116.6	148.2	78.6	-28.9	46.8	137.5	34.1	123.6
General and administrative						37.4
Equity in earnings
EBITDA			50.4	214.0	87.1	-12.5	51.6	16.4
EBITDA margin	37.2%		35.0%	180.9%	64.9%	-5.8%	33.3%	7.4%
Depreciation			3.7	3.5	3.4	3.2	3.2	3.5
EBIT	69.3	119.5	46.7	210.5	83.7	-15.7	48.4	12.9
EBIT margin	37.2%	73.3%	32.4%	178.0%	62.3%	-7.2%	31.3%	5.8%
Pre-tax income	36.9	14.8	27.9	120.9	45.6	36.1	50.2	62.7
Income taxes	7.3	2.4	6.1	24.4	9.4	7.2	10.3	12.8
Tax rate	19.7%	16.1%	22.0%	20.2%	20.7%	20.1%	20.6%	20.4%
Net income	29.6	12.4	21.8	96.5	36.2	28.8	39.8	49.9
Net margin	15.9%	7.6%	15.1%	81.6%	26.9%	13.3%	25.7%	22.5%

Basic EPS	$8.15		$5.98	$26.55	$9.95	$7.92	$10.96	$13.72
Diluted EPS	$8.15		$5.98	$26.55	$9.95	$7.92	$10.96	$13.72

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.