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Schedule I - Summary of Investments Other Than Investments in Related Parties
12 Months Ended
Dec. 31, 2014
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, 2014
(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
 
$
11,981

 
13,095

 
11,981

States, municipalities, and political subdivisions
 
432,186

 
463,267

 
432,186

Foreign governments
 

 

 

Public utilities
 
978,847

 
1,045,926

 
978,847

Corporate
 
3,754,222

 
3,919,281

 
3,754,222

Mortgage-backed
 
1,640,582

 
1,705,144

 
1,640,582

Asset-backed
 
23,725

 
28,730

 
23,725

Total securities held to maturity
 
6,841,543

 
7,175,443

 
6,841,543

 
 
 
 
 
 
 
Securities available for sale:
 
 

 
 

 
 

United States government and government agencies and authorities
 

 

 

States, municipalities, and political subdivisions
 
589

 
553

 
553

Foreign governments
 
9,939

 
10,325

 
10,325

Public utilities
 
169,179

 
179,216

 
179,216

Corporate
 
2,334,700

 
2,454,019

 
2,454,019

Mortgage-backed
 
48,674

 
52,790

 
52,790

Asset-backed
 
14,194

 
14,474

 
14,474

Total securities available for sale
 
2,577,275

 
2,711,377

 
2,711,377

Total fixed maturity bonds
 
9,418,818

 
9,886,820

 
9,552,920

 
 
 
 
 
 
 
Equity securities:
 
 

 
 

 
 

Securities available for sale:
 
 

 
 

 
 

Common stocks:
 
 

 
 

 
 

Public utilities
 
755

 
1,343

 
1,343

Banks, trust and insurance companies
 
1,379

 
2,475

 
2,475

Corporate
 
3,549

 
6,064

 
6,064

Preferred stocks
 
7,116

 
7,421

 
7,421

Total equity securities
 
12,799

 
17,303

 
17,303

 
 
 
 
 
 
 
Derivatives, index options
 
114,287

 

 
114,287

Mortgage loans
 
149,503

 

 
149,503

Policy loans
 
63,645

 

 
63,645

Other long-term investments (2)
 
28,774

 

 
28,774

Total investments other than investments in related parties
 
$
356,209

 

 
356,209


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) There was no real estate acquired by foreclosure included in other long-term investments.

See accompanying report of Independent Registered Public Accounting Firm.