Schedule I - Summary of Investments Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2012

Schedule I - Summary of Investments Other Than Investments in Related Parties [Abstract]

Schedule I - Summary of Investments Other Than Investment in Related Parties



NATIONAL WESTERN LIFE INSURANCE COMPANY AND SUBSIDIARIES SCHEDULE I SUMMARY OF INVESTMENTS OTHER THAN INVESTMENTS IN RELATED PARTIES December 31, 2012 (In thousands)
Type of Investment	(1) Cost		Fair Value		Balance Sheet Amount
Fixed maturity bonds:
Securities held to maturity:
United States government and government agencies and authorities	$	25,021	28,417		25,021
States, municipalities, and political subdivisions	391,062		431,781		391,062
Foreign governments	9,988		10,604		9,988
Public utilities	781,239		870,298		781,239
Corporate	2,887,572		3,157,250		2,887,572
Mortgage-backed	1,835,051		1,968,474		1,835,051
Asset-backed	32,187		36,803		32,187
Total securities held to maturity	5,962,120		6,503,627		5,962,120

Securities available for sale:
United States government and government agencies and authorities	—		—		—
States, municipalities, and political subdivisions	599		571		571
Foreign governments	15,134		16,066		16,066
Public utilities	254,853		281,427		281,427
Corporate	2,157,706		2,377,312		2,377,312
Mortgage-backed	113,488		122,329		122,329
Asset-backed	17,272		16,029		16,029
Total securities available for sale	2,559,052		2,813,734		2,813,734
Total fixed maturity bonds	8,521,172		9,317,361		8,775,854

Equity securities:
Securities available for sale:
Common stocks:
Public utilities	1,115		1,626		1,626
Banks, trust and insurance companies	252		325		325
Corporate	3,220		4,998		4,998
Preferred stocks	4,873		5,318		5,318
Total equity securities	9,460		12,267		12,267

Derivatives, index options	57,890		—		57,890
Mortgage loans	142,170		—		142,170
Policy loans	71,549		—		71,549
Other long-term investments (2)	41,439		—		41,439
Total investments other than investments in related parties	$	313,048	$	—	313,048

Notes:

(1) Bonds are shown at amortized cost, mortgage loans are shown at unpaid principal balances before allowances for possible losses, derivatives are shown at fair value, and real estate is stated at cost before allowances for possible losses.

(2) Real estate acquired by foreclosure included in other long-term investments is as follows: cost $0.9 million; balance sheet amount $0.9 million.

See accompanying report of Independent Registered Public Accounting Firm.

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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