2023-05-16 16:27:03 ET
- National Western Life Group ( NASDAQ: NWLI ) on Tuesday said it was looking at strategic alternatives, sending its stock up more than 6% in extended trading.
- Class A shares of NWLI were up 10.4% to $295 after hours.
- "The Company has engaged Goldman Sachs & Co. LLC as financial advisor to assist it with this strategic alternatives review process, and has established an ad hoc committee, consisting solely of independent directors, to oversee the process," NWLI said in a statement .
- The company added that no decision had been made to enter into a sale, merger or other strategic transaction.
- NWLI is the parent company of National Western Life Insurance Company and Ozark National Life Insurance Company. As of March 31, National Western maintained over 80.2K policies for its life insurance products and around 97.1K annuity contracts.
- NWLI on Monday reported Q1 2023 results.
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National Western Life says exploring strategic alternatives, stock jumps ~10% after hours