B
NATIONWIDE MUTUAL INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Nationwide Corp
Investment Rating
--
Company Address
ONE WEST NATIONWIDE BLVD
COLUMBUS, OH 43215
Phone Number
(414) 369-5033
NAIC Number
23787
Largest Affiliates
B
COLUMBUS, OH - L&A
C
C
COLUMBUS, OH - P&C
Weiss Ratings