XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Investments:    
Securities held to maturity, at amortized cost (fair value: $7,470,133 and $7,175,443) $ 7,042,233us-gaap_HeldToMaturitySecurities $ 6,841,543us-gaap_HeldToMaturitySecurities
Securities available for sale, at fair value (cost: $2,687,568 and $2,590,074) 2,854,690us-gaap_AvailableForSaleSecurities 2,728,680us-gaap_AvailableForSaleSecurities
Mortgage loans, net of allowance for possible losses ($650 and $650) 143,918us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet [1] 149,503us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet [1]
Policy loans 63,877us-gaap_LoansInsurancePolicy 63,645us-gaap_LoansInsurancePolicy
Derivatives, index options 95,987us-gaap_DerivativeAssets 114,287us-gaap_DerivativeAssets
Other long-term investments 29,030us-gaap_OtherLongTermInvestments 28,774us-gaap_OtherLongTermInvestments
Short-term investments 14,989us-gaap_ShortTermInvestments 0us-gaap_ShortTermInvestments
Total investments 10,244,724us-gaap_Investments 9,926,432us-gaap_Investments
Cash and cash equivalents 71,104us-gaap_CashCashEquivalentsAndShortTermInvestments 277,078us-gaap_CashCashEquivalentsAndShortTermInvestments
Deferred policy acquisition costs 792,992us-gaap_DeferredPolicyAcquisitionCosts 802,919us-gaap_DeferredPolicyAcquisitionCosts
Deferred sales inducements 152,352us-gaap_DeferredSalesInducementsNet 159,766us-gaap_DeferredSalesInducementsNet
Accrued investment income 101,545us-gaap_AccruedInvestmentIncomeReceivable 96,127us-gaap_AccruedInvestmentIncomeReceivable
Federal income tax receivable 0us-gaap_IncomeTaxReceivable 0us-gaap_IncomeTaxReceivable
Other assets 99,286us-gaap_OtherAssets 89,570us-gaap_OtherAssets
Total assets 11,462,003us-gaap_Assets 11,351,892us-gaap_Assets
Future policy benefits:    
Universal life and annuity contracts 9,404,339nwli_LiabilityForFuturePolicyBenefitsUniversalLifeAndAnnuityContracts 9,384,297nwli_LiabilityForFuturePolicyBenefitsUniversalLifeAndAnnuityContracts
Traditional life reserves 137,928us-gaap_LiabilityForFuturePolicyBenefitsLife 138,225us-gaap_LiabilityForFuturePolicyBenefitsLife
Other policyholder liabilities 153,389us-gaap_PolicyholderFunds 139,222us-gaap_PolicyholderFunds
Deferred Federal income tax liability 44,987us-gaap_DeferredTaxLiabilities 31,675us-gaap_DeferredTaxLiabilities
Federal income tax payable 42us-gaap_AccruedIncomeTaxes 3,336us-gaap_AccruedIncomeTaxes
Other liabilities 134,666us-gaap_OtherLiabilities 98,817us-gaap_OtherLiabilities
Total liabilities 9,875,351us-gaap_Liabilities 9,795,572us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Note 8)      
Common stock:    
Additional paid-in capital 38,116us-gaap_AdditionalPaidInCapital 38,116us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income 50,792us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 41,786us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 1,494,108us-gaap_RetainedEarningsAccumulatedDeficit 1,472,782us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders’ equity 1,586,652us-gaap_StockholdersEquity 1,556,320us-gaap_StockholdersEquity
Total liabilities and stockholders' equity 11,462,003us-gaap_LiabilitiesAndStockholdersEquity 11,351,892us-gaap_LiabilitiesAndStockholdersEquity
Common Class A [Member]    
Common stock:    
Common stock, value outstanding 3,436us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
3,436us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B [Member]    
Common stock:    
Common stock, value outstanding $ 200us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 200us-gaap_CommonStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[1] Loan-to-Value Ratio determined using the most recent appraised value.