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. Fair profitability index (3.8) with operating losses during 2020, 2022 and 2023. Average return on equity over the last five years has been poor at -1.2%.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (27.4%), homeowners (18.0%), comm multi (8.1%), work comp (3.4%), farmowners (3.0%), fire (2.5%), fin guar/surety (1.0%), product liab. (0.6%), med mal (0.4%), other (35.5%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (40.9%), common stock (33.8%), non investment grade bonds (1.9%), real estate (0.7%), other (22.8%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
One Nationwide Plaza
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(800) 321-6064
NAIC Number
23787
Website
Largest Affiliates