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247

Nationwide

  • Previous Rank254
  • Revenues ($M)$43,940
  • Revenue Percent Change9.6%
  • Profits ($M)$246.5
  • Profits Percent Change-26.2%
  • Assets ($M)$221,256.90
  • Employees33,135

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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Company Information

CEO
Stephen S. Rasmussen
Sector
Financials
Industry
Insurance: Property and Casualty (Mutual)
HQ Location
Columbus, Ohio
Websitehttp://www.nationwide.com
Years on Global 500 List24
Employees33,135

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$43,9409.6%
Profits ($M)$246.5-26.2%
Assets ($M)$221,256.90-
Total Stockholder Equity ($M)$14,741.20-

Profit Ratios

Profit as % of Revenues0.6%
Profits as % of Assets0.1%
Profits as % of Stockholder Equity1.7%