Nationwide Reports Solid Growth, Strong Capital Position in 2017
Nationwide reported
"While our financial services business achieved record growth as more members than ever relied on us to help prepare for retirement, our property and casualty business helped our members, partners and communities rebuild following the wrath of two hurricanes and historic wildfires," said Nationwide CEO
Nationwide drove profitable growth and maintained an exceptionally strong capital position, despite record P&C industry catastrophe losses in 2017. Many product lines performed well, helping to offset those few areas that were pressured during the year.
"Nationwide's breadth of financial services, commercial and personal lines solutions enabled us to continue to drive strong results during a year marked by significant weather activity and industry disruptions," said Nationwide Chief Financial Officer
The company's investment portfolio topped the
"While catastrophe activity put pressure on our profitability in certain lines, our financial foundation is strong because we reserve capital for these types of losses. As a result, we are able to continue our focus on protecting what's most important for our members and building for the future," said Thresher.
House Homeland Security Committee Issues Testimony From FEMA Regional Administrator
The Northeast Leads Country in Delinquent Taxes
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News