Major Rating Factors:
Good liquidity (5.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak results on operational trends.
Other Rating Factors:
Fair reserve development (4.5) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2018, 2020 and 2022. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (43.2%), homeowners (24.0%), comm multi (6.9%), fin guar/surety (4.0%), fire (2.5%), work comp (1.3%), farmowners (0.5%), product liab. (0.2%), other (17.5%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (36.4%), common stock (33.7%), non investment grade bonds (3.8%), real estate (1.1%), preferred stock (0.1%), other (24.8%)
Corporate Info
Group Affiliation
Nationwide Corp
Investment Rating
--
Company Address
ONE WEST NATIONWIDE BLVD
COLUMBUS, OH 43215
COLUMBUS, OH 43215
Phone Number
(614) 249-1545
NAIC Number
23787
Website
Largest Affiliates
