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  • Previous Rank247
  • Country
    U.S.
  • Revenues ($M)$43,270.00
  • Revenue Percent Change-1.5%
  • Profits ($M)$512.6
  • Profits Percent Change107.9%
  • Assets ($M)$214,141.90
  • Employees30,472

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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Company Information

CEO
Stephen S. Rasmussen
Sector
Financials
Industry
Insurance: Property and Casualty (Mutual)
HQ Location
Columbus, Ohio
Websitehttps://www.nationwide.com
Years on Global 500 List25
Employees30,472

Nationwide Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$43,270.00-1.5%
Profits ($M)$512.6107.9%
Assets ($M)$214,141.90-
Total Stockholder Equity ($M)$14,478.10-

Profit Ratios

Profit as % of Revenues1.2%
Profits as % of Assets0.2%
Profits as % of Stockholder Equity3.5%