B
Nationwide Mutual Ins Co
Rating Date
November 2024
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: History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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.
Other Rating Factors: Excellent overall results on stability tests (8.0). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (3.7) with operating losses during 2020, 2022 and 2023. Average return on equity over the last five years has been poor at -1.5%.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (30.1%), homeowners (18.2%), comm multi (10.9%), farmowners (2.7%), work comp (2.6%), fire (1.0%), fin guar/surety (0.7%), product liab. (0.4%), other (33.4%)
Licensed in: All states and GU, PR, VI
Principal Investments: Investment grade bonds (42.4%), common stock (30.8%), non investment grade bonds (2.0%), real estate (0.7%), other (24.2%)
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 Mutual Group
Investment Rating
--
Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
23787
Largest Affiliates
B
COLUMBUS, OH - L&A
B
B
Scottsdale, AZ - P&C
Weiss Ratings