Nationwide insurance reports net income of $975M

  Wednesday, November 17th, 2010 Source: Insurance Journal

Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009. The increase was due to lower property and casualty claims and continued asset growth in financial service lines of business, the company said. Operating revenue was down slightly to $15.5 billion through September 30 compared to $15.8 billion through nine months in 2009.

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