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National Western Life Group (FRA:5NW) Claims Ratio % : 0.00% (As of . 20)


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What is National Western Life Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for National Western Life Group's Claims Ratio % or its related term are showing as below:

FRA:5NW's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

National Western Life Group Claims Ratio % Historical Data

The historical data trend for National Western Life Group's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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National Western Life Group Claims Ratio % Chart


National Western Life Group  (FRA:5NW) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Western Life Group  (FRA:5NW) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

National Western Life Group Claims Ratio % Related Terms

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National Western Life Group (FRA:5NW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Western Life Group Inc (FRA:5NW) » Definitions » Claims Ratio %
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Traded in Other Exchanges
NWLI:USA
Address
10801 N. Mopac Expy Building 3, Austin, TX, USA, 78759
Website
https://www.nwlgi.com
National Western Life Group Inc is a global insurance company that provides insurance products for the savings, protection, and retirement needs of policyholders. The company's product portfolio includes individual whole life, universal life and term insurance plans, and annuities. The company is organized into four operating business segments based on product types and geographic marketing areas: Domestic life insurance, International life insurance, Annuities, and Acquired businesses. The annuities segment contributes roughly half of the company's revenue, and most of the company's revenue is earned in the United States.

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