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Summary: Nationwide Mutual Insurance Co. And Operating Subsidiaries Jul 09 Product Image

Summary: Nationwide Mutual Insurance Co. And Operating Subsidiaries Jul 09

  • ID: 2050012
  • July 2009
  • Standard & Poors

Abstract
The ratings on Nationwide Mutual Insurance Co. (NMIC) and its related operating subsidiaries (collectively, Nationwide) reflect the company's very strong franchise as a national multiline insurance group with a focus on personal lines property/casualty (P/C), individual investment, retirement plans, and individual protection. The successful implementation of a multiple channel distribution strategy bolsters these businesses. The company's strong enterprise risk management (ERM) program is also a strength to the rating. These positive attributes are offset by Nationwide's capital adequacy, which has weakened to the adequate level from very strong; vulnerability to earnings volatility from significant exposure to catastrophes and equity market-linked asset-based fee income; improving, though unfavorable, expense structure relative to peers'; and exposure to adverse asbestos reserve developments. Standard &...

Companies mentioned in this report are: Nationwide Mutual Insurance Co.,Nationwide Life Insurance Co.,Nationwide Life Insurance Co. of America,Nationwide Mutual Fire Insurance Co.,Nationwide General Insurance Co.,Nationwide Property & Casualty Insurance READ MORE >

Nationwide Mutual Insurance Co.,Nationwide Life Insurance Co.,Nationwide Life Insurance Co. of America,Nationwide Mutual Fire Insurance Co.,Nationwide General Insurance Co.,Nationwide Property & Casualty Insurance Co.,Nationwide Assurance Co.,Crestbrook Insurance Co.,Nationwide Insurance Co. of America,Farmland Mutual Insurance Co.,Nationwide Agribusiness Insurance Co.,Nationwide Life & Annuity Co. of America,Nationwide Life & Annuity Insurance Co.,Nationwide Financial Services Inc.

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