Nationwide Mutual Insurance Company Reports Operating Revenue
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"Our performance was solid in the first half of the year, as growth continued across all major lines of business," said Chief Executive Officer
First half net operating income of
"We experienced significant weather activity during the first half of the year, which created hardship for many of our members," said Chief Financial Officer
Financial services increased sales to
Nationwide Funds, the company's mutual fund operation, grew assets under management to
Customer deposits at
Nationwide's financial services business generated
Property and Casualty Business Highlights
Nationwide provides personal and commercial P&C protection products through six operating brands:
Nationwide grew direct written premium across all major P&C businesses to a total of
Nationwide's P&C business reported
Investments and Capital
As of
Statutory surplus - a measure of financial strength and claims- paying ability evaluated by regulators and rating agencies - was
Nationwide reported net income of
"Nationwide has great growth momentum going into the second half of the year, and we are bolstered by a strong equity market and improving economy," Rasmussen said. "We look forward to opportunities to build on our successes and provide On Your Side experiences for our members and business partners."
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