Nationwide Insurance
Financial Performance
Nationwide Insurance Revenue & Financials
Revenue
$60.2B (FY2024)
Net Income
$1.4B
Employees
25,000
What is Nationwide Insurance's revenue?
Nationwide Insurance had $60.2B in revenue for fiscal year 2024, up 5.6% from 2023. Net income was $1.4B.
- Latest revenue
- $60.2B (FY2024)
- Year-over-year
- +5.6%
- Growth rate (CAGR)
- 4.2% over 9 years
- Peak revenue
- $60.2B (FY2024)
- Years of data
- 10
- Employees
- 25,000
- How much profit does Nationwide Insurance make?
- Nationwide Insurance reported net income of $1.4B for fiscal year 2024.
- How many employees does Nationwide Insurance have?
- Nationwide Insurance has about 25,000 employees.
Financial Analysis
Nationwide's financial performance demonstrates the immense power of mutual capital compounding. In fiscal year 2024, Nationwide reported statutory net operating revenue exceeding $60.0 billion, supported by record premium growth in commercial lines and strong net investment yield across its $275 billion general investment portfolio. Demonstrating robust balance-sheet security, Nationwide's policyholder surplus stands at an exceptional $25.5 billion, maintaining 'A+' and 'A1' financial strength ratings from A.M. Best, Moody's, and Standard & Poor's. In 2024, Nationwide paid out over $23 billion in claims and policyholder benefits, fulfilling its core mutual promise while maintaining regulatory Risk-Based Capital (RBC) ratios well above 400% of statutory minimums.
Revenue Trend Analysis
YoY Change
+5.6%
9-Year CAGR
+4.2%
Peak Year
2024
Trend
Consistent Growth
Nationwide Insurance has 10 full fiscal year figures on this page, compounding at +4.2% annually over 9 years. The most recent year saw a 5.6% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $60.2B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $60.2B | $1.4B | +5.6% |
| FY2023 | $57B | $1.3B | +7.5% |
| FY2022 | $53B | -$1.9B | +5.0% |
| FY2021 | $50.5B | $1.6B | +7.4% |
| FY2020 | $47B | $797M | -0.8% |
| FY2019 | $47.4B | $689M | +1.9% |
| FY2018 | $46.5B | $1.3B | +4.5% |
| FY2017 | $44.5B | $1.1B | +3.0% |
| FY2016 | $43.2B | $1.1B | +4.1% |
| FY2015 | $41.5B | $980M | — |
Click any row to see year details.
Keep researching Nationwide Insurance
Nationwide Insurance Revenue and Financial FAQ
What was Nationwide's revenue in 2024?
Nationwide generated $60.20 billion in total operating and financial revenue for fiscal year 2024, an increase of 5.6% over $57.0 billion reported in 2023.
What is Nationwide's policyholder surplus?
Nationwide held $30.2 billion in statutory policyholder surplus at year-end 2024, providing an immense financial cushion to absorb catastrophic storm claims.
How do credit rating agencies rate Nationwide?
Nationwide maintains superior financial strength ratings from major agencies, including A+ from AM Best, S&P, and Moody's, reflecting its balance sheet strength.
What is Nationwide's Policyholder Surplus and why does it matter?
Nationwide's Policyholder Surplus exceeds $25.5 billion, representing net assets held in reserve above all actuarial liabilities. This massive financial cushion earns 'A+' ratings from A.M. Best and guarantees solvency during catastrophic loss years.
What is Nationwide's Policyholder Surplus and why does it matter?
Nationwide's Policyholder Surplus exceeds $25.5 billion, representing net assets held in reserve above all actuarial liabilities. This massive financial cushion earns 'A+' ratings from A.M. Best and guarantees solvency during catastrophic loss years.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Nationwide Insurance Revenue & Financials." CorpDigest, https://corpdigest.com/company/nationwide-insurance/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Nationwide Insurance reported $60.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/nationwide-insurance/financials" target="_blank" rel="noopener">CorpDigest — Nationwide Insurance financials</a></div>Related Financial Audits
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