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National Western Life Group, Inc. Message Board

  • bengrahamman bengrahamman Mar 18, 2014 3:27 PM Flag

    If Book Value was recorded at Fair Value....

    Book Value is reported at historical cost, and most of NWLI’s investment assets are held to maturity, hence are reported at amortized cost, as opposed to a fair value. Book value is reported at $398.36. If assets were reported at fair value, stockholder’s equity would increase by $112,548. This would increase book value to $429.30 per share.

    Balance sheet would be increased by $112,548 ( Cost 9,034,438 – reported 9,146,986).

    The above was based on my first read of the 10-K. Please correct me if I made an error.

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