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2023 Financial highlights

Solutions. Service. Stability.

Our expertise will provide the solutions. Our responsiveness will provide the service. And our financial strength will provide the stability. We're a Fortune 100 company with more than 130 billion total in our investment portfolio. We could go on and on, but we'll let the facts speak for themselves.
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Financial Overview

Key facts and figures

Approximately 25,000 employees

Fortune 100 company

Fortune Magazine (2022)

#1 writer of corporate-owned life insurance

IBIS Associates Inc., for the period ending 12/31/22

#1 writer of farms and ranches1

By direct written premium, AM Best, 2022 DWP
#1 writer of pet insurance

North American Pet Health Insurance Assn., State of the Industry Report, 2023

6th largest US domiciled excess and surplus insurer

By direct written premium for non-admitted carriers, AM Best, Best’s Market Segment Report [Surplus Lines], 2022 DWP for nonadmitted carriers

10th largest commercial insurer

By direct written premium, AM Best, 2022 DWP

Capital strength

Nationwide's capital position is strong, enabling us to continue to serve you and evolve our company well into the future.
A graph tracking total adjusted capital (in billions) from 2020 through 2023 shows that total adjusted capital in 2020 was $21.0 billion, in 2021 total adjusted capital was $21.9 billion, in 2022 total adjusted capital was $24.0 billion, and in 2023 total adjusted capital was $25.0 billion.

Investments

In 2023, total investments ended at $139.3 billion. Net operating income of $1.3 billion.
A circular graph shows that the investments totaling $139.3 billion are made up of the following investment mix: 70% fixed maturity securities, 15% mortgage loans, 3% short-term investments, 1% real estate and 11% other investments.

Total sales in 2023

$60.3 billion
A graph tracking total sales from 2019 through 2023 shows that total sales in 2019 were $49.3 billion, total sales in 2020 were $46.6 billion, total sales in 2021 were $52.9 billion, total sales in 2022 were $56.8 billion and total sales in in 2023 were $60.3 billion.

Net operating income

$1.3 billion
A graph tracking net operating income from 2019 through 2023 shows that total net operating income in 2019 was $1.9 billion, in 2020 net operating income was $0.8 billion, in 2021 net operating income was $2.8 billion, in 2022 net operating income was $1.4 billion, and in 2023 net operating income was $1.3 billion.

Total assets

$298.6 billion
A graph tracking total assets from 2019 through 2023 shows that total assets in 2019 were $253.6 billion, total assets in 2020 were $274.0 billion, total assets in 2021 were $295.7 billion, total assets in 2022 were $270.2 billion and total assets in in 2023 were $298.6 billion.
Products underwritten by Nationwide Mutual Insurance Company and affiliates including Freedom Specialty Insurance Company. The coverage described in this literature may not be available in all jurisdictions. Actual coverage is subject to the language of the policies as issued. Exclusions and limitations apply.