EXHIBIT 11
NATIONAL WESTERN LIFE INSURANCE COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
For the Three Months Ended June 30, 1997 and 1996
(Unaudited)
(In Thousands Except Per Share Data)
1997 1996
Earnings applicable to common
stock shares:
Net earnings $ 11,798 11,840
Weighted average common
stock shares outstanding 3,491 3,491
Primary and fully diluted earnings
per common stock share:
Net earnings $ 3.38 3.40
EXHIBIT 11
NATIONAL WESTERN LIFE INSURANCE COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
For the Six Months Ended June 30, 1997 and 1996
(Unaudited)
(In Thousands Except Per Share Data)
1997 1996
Earnings (losses) applicable to
common stock shares:
Earnings from continuing operations $ 18,550 20,584
Losses from discontinued operations (1,000) -
Net earnings $ 17,550 20,584
Weighted average common
stock shares outstanding 3,491 3,491
Primary and fully diluted earnings
(losses) per common stock share:
Earnings from continuing operations $ 5.32 5.90
Losses from discontinued operations (0.29) -
Net earnings $ 5.03 5.90