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Global 500

Icon Sportswire via Getty Images

247

Nationwide

U.S.

The life, property and auto insurer Nationwide jumps seven spots on this year’s Global 500 after growing sales 10%, thanks to a boost in its financial services business. Unlike some of its peers, accounting changes from the recent tax reform law had little effect on Nationwide’s bottom line. But the company’s profits still fell 26%, as the brutal hurricane season and west coast wildfires left unprecedented damage in their wake—along with a tidal wave of insurance claims.

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CEO

Stephen S. Rasmussen

Sector

Financials

Industry

Insurance: Property and Casualty (Mutual)

HQ Location

Columbus, Ohio

Years on Global 500 List

24

Employees

33,135

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$43,9409.6%
Profits ($M)$246.5-26.2%
Assets ($M)$221,257
Total Stockholder Equity ($M)$14,741
Profit Ratios
Profit as % of Revenues0.6%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity1.7%