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February 10, 2016 5:09 AM ET

Insurance

Company Overview of Nationwide Mutual Insurance Company, Inc.

Company Overview

Nationwide Mutual Insurance Company, Inc. engages in insurance, retirement and investing, banking, and claims center businesses. It offers vehicle insurance products that comprise auto, motorcycle, snowmobile, ATV, RV, boat, personal watercraft, and scooter insurance; property insurance products, such as homeowners, renters, condo, flood, and individual insurance; life insurance products, including life, term life, whole life, universal life, and variable universal insurance; and specialty, travel, accident, identity theft, specialty liability, personal umbrella, and agriculture insurance products. The company also provides retirement and investing products, which comprise annuities, life in...

One Nationwide Plaza

Columbus, OH 43215-2220

United States

Founded in 1925

Phone:

614-249-7111

Fax:

614-249-7705

Key Executives for Nationwide Mutual Insurance Company, Inc.

Chief Executive Officer and Director
Age: 62
Chief Financial Officer and Executive Vice President
Age: 58
President of Nationwide Property & Casualty Operations and Chief Operating Officer of Nationwide Property & Casualty Operations
President of Nationwide Direct & Member Solutions and Chief Operating Officer of Nationwide Direct & Member Solutions
President of Nationwide Financial Services and Chief Operating Officer of Nationwide Financial Services
Age: 51
Compensation as of Fiscal Year 2015.

Nationwide Mutual Insurance Company, Inc. Key Developments

Nationwide Mutual Insurance Company, Inc. Reports Earnings Results for the Nine Months Ended September 30, 2015

Nationwide Mutual Insurance Company, Inc. reported earnings results for the nine months ended September 30, 2015. For the period, the company reported operating revenue of $19.5 billion, up 3% over the same period in 2014. Total sales were $31 billion up $1.5 billion over the same period in 2014. Net operating income was $1.03 billion. The company reported net income of $1.05 billion.

Nationwide Announces Retirement of Patricia (Pat) Hatler as Executive Vice President and Chief Legal and Governance Officer Effective April 2016

Nationwide’s Executive Vice President and Chief Legal and Governance Officer, Patricia (Pat) Hatler, has announced that after 16 years of service to the company, she will retire in April 2016. Hatler came to Nationwide in 1999 as General Counsel leading the Corporate Legal and Ethics teams. During her tenure, she consolidated Nationwide’s legal and compliance functions into one office. She previously served as General Counsel and Corporate Secretary for Independence Blue Cross in Philadelphia, and prior to that was an attorney in the Philadelphia office of the Dechert law firm.

Nationwide Introduces New Product Freedom+

Nationwide introduced Nationwide Destination Freedom+ an investment-focused variable annuity built for clients looking for a low-cost solution with the flexibility to choose from more than 130 funds. The company announced higher annuity fees can drag down the potential performance of investments. Freedom+ offers a 1% base cost, helping to reduce the overall fee-drag on a portfolio’s performance. Freedom+ provides clients with a tax-deferred investment option for their portfolio, potentially helping to create more retirement income. It also offers more 4- and 5-star Morningstar rated funds than the competitor among the more than 130 available fund investment options, allowing advisors and clients to choose their own investment strategy mix for broader diversification. The Enhanced Surrender Value for Terminal Illness feature is also available on Freedom+. ESVTI offers terminally ill owner-annuitants access to their full death benefit value prior to passing away. The patent-pending feature is included in new contracts at no additional cost. Nationwide is the only provider to offer this type of feature on a variable annuity.

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