B
Nationwide Agribusiness Ins Co
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Major Rating Factors: Fair reserve development (3.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 19.6% deficient. Fair profitability index (2.9) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -11.2%. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors: Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Farmowners (32.4%), personal/comm auto (29.3%), comm multi (8.0%), homeowners (6.1%), work comp (3.1%), fire (1.8%), product liab. (1.3%), med mal (0.4%), fin guar/surety (0.3%), other (17.3%)
Licensed in: All states except AK, HI
Principal Investments: Investment grade bonds (97.6%), non investment grade bonds (0.5%), other (1.9%)
Ratios
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Reserve to Surplus
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2-Year Reserve Development
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Investments in Affiliates
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Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
1100 Locust Street
Des Moines, IA 50391
Phone Number
(515) 508-4211
NAIC Number
28223
Largest Affiliates
C
COLUMBUS, OH - L&A
B
Columbus, OH - P&C
B
Scottsdale, AZ - P&C