MONTPELIER, Vt.--(BUSINESS WIRE)--Apr 20, 2026--
National Life Group released its 2025 Annual Report, which highlights the company’s bigger, better, bolder approach to solid, steady and sustainable growth. It also released its popular Business Highlights which is a snapshot of the good the company did in 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260420905131/en/
“These results reflect the hard work and innovation of our people and position National Life Group among the top ten life insurance companies as ranked by LIMRA,” Chair, CEO and President Mehran Assadi said. “Even more important are the deep and lasting relationships we build with our agents and associates, which remain central to who we are.”
Among the accomplishments noted in the 2025 Annual Report:
About National Life Group
National Life Group has been keeping promises since 1848, providing access to flexible, secure life insurance and annuities for families, businesses, educators, and first responders nationwide. With an independent, entrepreneurial spirit, our values are to “Do good, Be good, Make good” for our customers, agents, employees, and the communities we serve. Learn more at NationalLife.com.
National Life Group® is a trade name of National Life Insurance Company (NLIC), Montpelier, VT founded in 1848, Life Insurance Company of the Southwest (LSW), Addison, TX chartered in 1955, and its affiliates. Each company is solely responsible for its own financial condition and contractual obligations. LSW is not an authorized insurer in New York and does not conduct insurance business in New York. NLIC, the flagship of National Life Group was founded in 1848, and all references to 1848 are attributable to NLIC.
Products are issued by National Life Insurance Company and Life Insurance Company of the Southwest.
1 Based on the consolidated results as of and for the year ended December 31, 2025, stated on the basis of U.S. Generally Accepting Accounting Principles (GAAP) of NLV Financial Corporation (NLVF) and its subsidiaries and affiliates, including National Life Insurance Company (NLIC) and Life Insurance Company of the Southwest (LSW). NLVF and its subsidiaries and affiliates operate as a unified organization under the trade name of National Life Group (NLG). Total assets exclude unrealized gains (losses) and associated balances. The measurement of core earnings only exists on a consolidated GAAP basis. Statutory basis financial figures as of December 31, 2025: NLG consolidated admitted assets were $55.7B and liabilities were $52.4B. NLIC admitted assets were $13.1B and liabilities were $9.8B.
2 Life sales include total weighted new annualized premium for NLIC and LSW. Flow annuity (new anticipated annual premium contributions) and single premium deferred annuity sales include total deposits for NLIC and LSW. For the year ended December 31, 2025 NLIC life insurance WNAP were $61M, flow annuity total deposits were $7M, and SPDA total deposits were $125M.
3 Wall Street Journal, “Best Whole Life Insurance Companies of 2025,” Amy Danise, Kimberly Lankford, October 28, 2025
National Life Group Releases its 2025 Annual Report and Business Highlights
ISLAMABAD (AP) — Pakistan moved ahead Monday with preparations for a new round of talks between the United States and Iran two days before a tenuous ceasefire is set to expire, even as renewed conflict around the Strait of Hormuz raised questions about whether the meeting would take place.
Over the weekend, the U.S. attacked and seized an Iranian-flagged cargo vessel that it said had tried to evade its blockade of Iranian ports. Iran’s joint military command vowed to respond, and its Foreign Minister Abbas Aragchi told his Pakistani counterpart that American threats to Iranian ships and ports were “clear signs” of Washington’s disingenuousness ahead of the planned talks, Iran state media reported.
With tensions flaring and the ceasefire due to expire midweek, Pakistan was pushing for talks to resume Tuesday as planned. Pakistan said Monday that Interior Minister Mohsin Naqvi held separate meetings in Islamabad with the Iranian ambassador and the acting U.S. ambassador to discuss arrangements.
Two Pakistani officials said Monday that Iran has expressed a willingness to send a delegation to Islamabad. They spoke on condition of anonymity because they were not authorized to speak to the press.
U.S. President Donald Trump has said American negotiators would head to the Pakistani capital on Monday, but it was not immediately clear whether those plans would now change.
Iran’s Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran on Monday that there were no plans yet to attend the talks with the U.S. But at the same time, he did not rule it out.
“We have no plans for the next round of negotiations and no decision has been made in this regard,” Baghaei said.
Iran on Saturday said it had received new proposals from the United States but suggested a wide gap remained between the sides. It was unclear whether either side had shifted stances on issues that derailed the last round of negotiations, including Iran’s nuclear enrichment program, its regional proxies and the Strait of Hormuz.
Iran throttled traffic through the Strait of Hormuz, which connects the Persian Gulf to the open seas, shortly after the U.S. and Israel attacked Iran on Feb. 28 to start the war. The U.S. has also instituted a blockade of Iranian ports.
Roughly one-fifth of the world’s oil trade normally passes through the strait, along with critical supplies of fertilizer for the world’s farmers, natural gas and humanitarian supplies for places in dire need like Afghanistan and Sudan.
Since the war started, at least 3,375 people have been killed in Iran, according to a new toll released Monday in official Iranian media by Abbas Masjedi, the head of Iran’s Legal Medicine Organization. He did not break down casualties among civilians and security forces, instead just saying that 2,875 were male and 496 were female. Masjedi said 383 of the dead were children 18 years old and under.
More than 2,290 people have also been killed in Lebanon, 23 in Israel and more than a dozen in Gulf Arab states. Fifteen Israeli soldiers in Lebanon and 13 U.S. service members throughout the region have been killed.
Iran’s grip on the Strait of Hormuz has also sent oil prices skyrocketing and given rise to one of the worst global energy crises in decades.
Oil prices recovered slightly following Iran’s announcement that the strait was being reopened a 10-day truce between Israel and the Iranian-backed Hezbollah militant group in Lebanon took hold on Friday.
But then Trump said the U.S. blockade “will remain in full force” until Tehran reaches a deal with the U.S. and on Sunday the military seized the Iranian cargo ship, the first interception since the blockade began last week.
Iran’s joint military command called the armed boarding an act of piracy and a ceasefire violation, the state broadcaster said, and vowed to again enforce restrictions imposed early in the war. Already on Saturday, Iran fired at ships trying to transit.
Oil prices were up again in early trading on Monday, with Brent crude, the international standard, at about $95 a barrel — up more than 30% from the day the war started.
Iran early Monday warned it could keep up the global economic pain as ships remained unable to transit the strait, with hundreds of vessels waiting at each end for clearance.
Security of the strait is not free and “the choice is clear: either a free oil market for all, or the risk of significant costs for everyone,” Mohammad Reza Aref, first vice president of Iran, said in a social media post calling for a lasting end to military and economic pressure on Tehran.
Israeli Prime Minister Benjamin Netanyahu condemned the defacing of a statue of Jesus Christ by an Israeli soldier in Lebanon, saying he was “stunned and saddened.”
Photos surfaced over the weekend of an Israeli soldier using a sledgehammer to smash the head of a toppled Jesus statue. The Israeli military confirmed the images were genuine, setting off a wave of condemnation.
A ceasefire began Friday in Lebanon, where fighting between Israel and Iran-backed Hezbollah militants broke out two days after the U.S. and Israel launched their war on Iran. Mediators said the fighting in Lebanon was undermining efforts to end the conflict between Iran and the U.S.
Gambrell reported from Dubai, United Arab Emirates, and Rising from Bangkok. Associated Press journalists Melanie Lidman in Tel Aviv, Israel, and Russ Bynum in Savannah, Georgia, contributed to this report.
A man on his scooter passes next to an Iranian flag placed in front of a destroyed building, following a ceasefire between Hezbollah and Israel, in Dahiyeh, Beirut's southern suburbs, Lebanon, Monday, April 20, 2026. (AP Photo/Hussein Malla)
A U.S. Air Force Boeing C-32 plane approaches landing at Nur Khan airbase ahead of second round of negotiations between the U.S. and Iran, in Rawalpindi, Pakistan, Monday, April 20, 2026. (AP Photo/Ehsan Shahzad)
Women share a moment as they look at a smartphone at the main gate of the Tehran University as a banner shows portraits of the late Supreme Leader Ayatollah Ali Khamenei, right, and the late revolutionary founder Ayatollah Khomeini in Tehran, Iran, Sunday, April 19, 2026. (AP Photo/Vahid Salemi)
Displaced people cross a destroyed bridge as they return to their villages, following a ceasefire between Hezbollah and Israel, in Tayr Felsay village, southern Lebanon, Sunday, April 19, 2026. (AP Photo/Bilal Hussein)
A U.S. Air Force Boeing C-17 Globemaster III transport aircraft prepares to land at Nur Khan airbase, ahead of second round of negotiations between the U.S. and Iran, in Rawalpindi, Pakistan, Monday, April 20, 2026. (AP Photo/Ehsan Shahzad)
A muslim walks outside a mosque where a commemorative religious event in honor of late Supreme Leader Ayatollah Ali Khamenei is taking place, organized by the Shiite Muslim Community of Greece in Athens, on Sunday, April 19, 2026. (AP Photo/Yorgos Karahalis)
An army soldier, left, walks as police officer drives motorcycle on an empty road ahead of second round of negotiations between the U.S. and Iran, in Islamabad, Pakistan, Monday, April 20, 2026. (AP Photo/Anjum Naveed)
