Nationwide’s financial strength is critical to our ability to deliver on our promises to members and business partners. We maintain a strong focus on profitable growth, while ensuring that we protect capital for the benefit of our members, partners and the company.
In 2014, Nationwide delivered another year of strong performance, with continued growth across our financial services and property and casualty product lines.
Total operating revenue was $25.3 billion for 2014, up more than 6% from 2013. These results reflect balanced revenue growth and performance across most major product lines. Revenue was driven by business growth and increased customer assets in financial services, and continued premium growth in property and casualty.
Nationwide ended the year with $1.12 billion in net operating income, while paying more than $15.5 billion in claims and other benefits to members and business partners.
Total assets grew to $195.2 billion, up from $183.2 billion at the end of 2013.
Enterprise financial strength ratings
Nationwide’s financial strength and credit ratings were affirmed by rating agencies during their most recent reviews. Factors cited to support these ratings include: