|Targeted News Service|
Nationwide today reported net operating income of
Nationwide, a mutual insurance company, is a leading provider of personal and commercial property & casualty insurance and long-term retirement savings products. The company paid out a total of
Total operating revenue of
"Coming off the worst weather year in the history of the company, Nationwide continues to be well positioned to serve our customers and to grow," said Chief Executive Officer
Since the beginning of the year,
A table of financial highlights (http://static.nationwide.com/pdf/Q112-Financial-Highlights.pdf) is available at www.nationwide.com.
Property and Casualty Business Highlights
Nationwide provides personal and commercial property & casualty protection products through five operating brands:
First quarter property & casualty net operating income was
Direct written premium was
Approximately 25 percent of Nationwide's new standard auto business came from direct and affinity distribution channels during the quarter, reflecting Nationwide's ongoing investment of resources in these distribution methods.
"We continue to see momentum in personal lines sales due to stronger performance across all distribution channels and to an improving economy," said Chief Financial Officer
Financial Services Business Highlights
Nationwide offers individual and employer-sponsored retirement savings, banking and insurance products through four operating brands: Nationwide Financial,