The 93-year-old insurer had a rough year as severe hurricanes and wildfires destroyed homes and other property, forcing Nationwide to pay almost $17 billion in claims. But while revenues dipped slightly, its profits more than doubled due to benefits stemming from the 2017 tax reform legislation. At the same time, the company has been building on its core homeowners, life, and auto policy offerings by investing and partnering with startups specializing in insurance tech, a.k.a. insurtech.
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