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June 30, 2015 6:16 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: 61
Chief Financial Officer and Executive Vice President
Age: 57
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: 50
Compensation as of Fiscal Year 2014.

Nationwide Mutual Insurance Company, Inc. Key Developments

New York State Deferred Compensation Plan and Nationwide Extend Relationship Seven More Years

The board of the New York State Deferred Compensation Plan renewed Nationwide as its 457(b) plan provider for seven more years, extending a relationship that began in 2003. The new contract officially starts April 1, 2016. NYSDCP is available to all employees of the State of New York and more than 1,400 local governments in the state choose to offer it to their employees.

Nationwide Mutual Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2015

Nationwide Mutual Insurance Company reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net income was $199 million compared to $140 million for the same quarter ended March 31, 2014. Total revenues were $5.99 billion, compared to $5.76 billion for the same quarter ended March 31, 2014. Net investment income was $747 million, compared to $807 million for the same quarter ended March 31, 2014.

Nationwide Mutual Insurance Company Introduces LTC Rider to Offer Indemnity-Style Benefit Options

Nationwide Mutual Insurance Company announced that its business solutions group has introduced a long-term care, or LTC, rider for supplemental benefit plans that features indemnity-style payouts and a choice in care providers. Nationwide's new LTC rider is the first in the business life insurance industry to offer indemnity-style benefit options, meaning the monthly benefit is paid to the policy owner tax free regardless of monthly expenses. Unlike most long-term care riders, policy owners are not required to turn in receipts, and monthly verification of billable services is not needed. Additionally, policy owners can use the indemnity-style benefits for a variety of long-term care options. For example, the policy owner can pay a qualified family member to care for them so they can remain in their home. The LTC rider is available on all new and existing Future Executive Universal Life Insurance and Variable Universal Life Insurance contracts.

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