Nationwide Mutual Insurance Co
Stock Symbol: NFS
One Nationwide Plaza
Nationwide Mutual Insurance Co Industry:
Nationwide Mutual Insurance Co Description:
Columbus-based Nationwide Financial is the holding company for the retirement savings operations of Nationwide. The major operating subsidiary of NFS is Nationwide Life Insurance Company, the country's 7th largest life insurer based on admitted assets. To obtain investor materials, including the Company's 2002 annual report, Form 10-K, and other corporate announcements, please visit our web site at http://www.nationwidefinancial.com .
Nationwide Mutual Insurance Co Financial Summary:
NFS provides long-term savings and retirement products, including variable annuities, fixed annuities and life insurance, and investment management services, pension products and administrative services. For the 6 months ended 6/05, revenues rose 9% to $2.19B. Net income from cont. ops. & before accntg. change rose 34% to $305.8M. Results reflect realized investment gains, higher net investment income, reduced employee incentives, and lower technology costs.
Nationwide Mutual Insurance Co Business Summary:
Nationwide Financial Services, Inc. is the holding company for Nationwide Life Insurance Company (NLIC) and other companies that comprise the domestic life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), which refers to Nationwide Life Insurance Company of America (NLICA) and its subsidiaries, including the affiliated distribution network, and which was formerly referred to as Nationwide Provident. The Company is a provider of long-term savings and retirement products in the United States of America. The Company develops and sells a diverse range of products, including individual annuities, private and public group retirement plans, other investment products sold to institutions, life insurance and advisory services.