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Nationwide Mutual Insurance Co. And Operating Subsidiaries Jul 10 Product Image

Nationwide Mutual Insurance Co. And Operating Subsidiaries Jul 10

  • Published: July 2010
  • Standard & Poors

Abstract
Strong franchise in the U.S. personal lines property/casualty (P/C) sector, retirement savings, and life insurance businesses. Successful implementation of a multiple channel distribution strategy. Good earnings resulting from diverse product offerings. Very strong capital levels that are redundant at the rating level. Strong enterprise risk management. Inconsistent underwriting performance for the P/C group because of a combination of weather- and nonweather-related events, as well as continued exposure-management initiatives. Vulnerability of life business to earnings volatility from equity market-linked asset-based fee income and lower earnings reflecting difficult economic conditions. Improving, but unfavorable, expense structure relative to peers'. Exposure to adverse asbestos reserve development. The insurer financial strength ratings on Nationwide Mutual Insurance Co. (NMIC) and its operating subsidiaries (collectively, Nationwide) reflect...

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

Nationwide Mutual Insurance Co.,Nationwide Life Insurance Co.,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 Insurance Co.,Nationwide Financial Services Inc.

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