paid to members
investment portfolio
adjusted capital
| Standard & Poor’s | Moody’s | AM Best | |
|---|---|---|---|
Nationwide Mutual Insurance Company
(applies to Property & Casualty affiliates) |
1 | 2 | 4 |
Nationwide Life Insurance
Company |
1 | 3 | 5 |
Nationwide Life and Annuity
Insurance Company |
1 | 3 | 5 |
Our results reflect our focus
2024 was a year the economy further stabilized from the turbulence of the prior three years, with inflation moderating, the Federal Reserve lowering interest rates, the yield curve steepening considerably and the S&P 500®6 Index reflecting optimistic sentiment in surging over 20%. This backdrop supported opportunities for significant growth and earnings in the financial sector, while sparking a return to underwriting profitability for the property and casualty insurance industry — despite another year of significant hurricanes and severe storms.
Nationwide’s favorable position in our industries is driving unprecedented demand for our solutions and partnerships. These partnerships are the foundation for extending our reach with intentionality, scale and profitability. Our diverse product portfolio, highly sophisticated risk management practices and distribution reach drove strong financial results with top-line growth of 13% to $68.5 billion, operating income growth of 150% to $3.2 billion and capital to $28.3 billion — well in excess of AAA levels.
Nationwide’s mutuality brings to bear the advantages of both public and private companies. It enables a broad portfolio of businesses, ensures a disciplined, high-performing culture that consistently achieves expectations, and maintains significant levels of capital. These aspects of a modern mutual company are strategic differentiators and are combining to accelerate top- and bottom-line growth. We are taking Nationwide to the next level, expanding our reach and ensuring that our promises of care and protection are as relevant in the future as they are today.
Our modern mutuality is powered by a commitment to being the most trusted, most caring and most customer-focused protection company. Thanks to the dedication and expertise of our associates, Nationwide is well positioned for continued success. Our partners trust that we have the solutions, strength and stability to meet their needs.
Together, we will shape and evolve our businesses to continue meeting those expectations, always staying true to our mission. I’m confident that the future is bright for Nationwide.
Meaningful milestones on our journey
Authenticity
thrives here
A high-performing, caring culture
We’re more than a workplace. Nationwide’s culture of care empowers every associate and drives our success.
Laying foundations
for tomorrow
Our commitment to creating a better future is shown through our actions: giving back to our communities, embracing unique perspectives and protecting the environment.
Care that
stands out
We offer a wide range of insurance and financial products that are consistently ranked among the best in the industry.
[6] S&P 500® Index: An unmanaged, market capitalization-weighted index of 500 stocks of leading large-cap US companies in leading industries; it gives a broad look at the US equities market and those companies’ stock price performance.
S&P Indexes are trademarks of Standard & Poor’s and have been licensed for use by Nationwide Fund Advisors. The Products are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s does not make any representation regarding the advisability of investing in the Product.
“As a mutual company, Nationwide was founded by farmers to deliver on their unique protection needs. Putting our customers at the center of all we do remains our focus today.”
“As a mutual company, Nationwide was founded by farmers to deliver on their unique protection needs. Putting our customers at the center of all we do remains our focus today.”