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August 04, 2015 4:48 PM ET


Company Overview of Nationwide Insurance Enterprise, Inc.

Company Overview

Nationwide Insurance Enterprise, Inc., through its subsidiaries, provides property and casualty insurance, financial services, and asset management to individuals and businesses in the United States. The company’s individual solutions include auto insurance, such as car insurance; vehicle, property, life, and specialty health and travel insurance; investments, including retirement solutions, retirement plans, IRAs, annuities, and mutual funds; and banking solutions, such as online banking, credit cards, home equity lines of credit, home equity loans, and auto loans. The company’s businesses solutions comprise business insurance, business owners insurance policy, business liability insurance,...

One Nationwide Plaza, 3-14-05

Columbus, OH 43215-2220

United States





Key Executives for Nationwide Insurance Enterprise, Inc.

Chief Executive Officer and Director
Age: 62
Chief Financial Officer and Executive Vice President
Age: 58
President of Nationwide Insurance and Chief Operating Officer of Nationwide Insurance
President of Nationwide Financial and Chief Operating Officer of Nationwide Financial
Age: 51
President of Allied Group and Chief Operating Officer of Allied Group
Age: 60
Compensation as of Fiscal Year 2015.

Nationwide Insurance Enterprise, Inc. Key Developments

Attorney General Patrick Morrisey Reaches Settlement with Nationwide Insurance

Attorney General Patrick Morrisey has reached a settlement in a lawsuit regarding Nationwide Insurance's offering of a discount on certain insurance products to West Virginia Farm Bureau members. The settlement was announced on July 2, 2015 on the attorney general's website. As part of the agreement, Nationwide will pay $5.75 million to settle allegations that it violated certain state laws. Roughly $3.6 million will go to the Attorney General's Office. The judge ordered the remainder to go toward attorneys' fees and restitution to affected consumers. The lawsuit was filed in McDowell County in January 2013. Nationwide denies it violated state laws and the settlement does not include any admission of fault.

Nationwide Presents at CIO Insurance Summit 2013, Sep-11-2013 through Sep-12-2013

Nationwide Presents at CIO Insurance Summit 2013, Sep-11-2013 through Sep-12-2013. Venue: Four Seasons Hotel Atlanta, Atlanta, Georgia, United States. Presentation Date & Speakers: Sep-11-2013, Guru Vasudeva, SVP & Enterprise CTO. Sep-12-2013, Guru Vasudeva, SVP & Enterprise CTO.

Nationwide Announces Earnings Results for the Six Months Ended June 30, 2013

Nationwide announced earnings results for the six months ended June 30, 2013. For the period, the company reported net operating income of $749 million compared to $373 million during the same period of 2012. Total operating revenue grew 9% to $11.8 billion for the first half. Net investment income was $1.6 billion, which remained steady compared to last year. Net income was $1.1 billion, up significantly from the $386 million reported in the same period in 2012, driven by net operating income growth and gains on the company's risk and capital management programs.

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