QUOTE AND NEWS
The Economic Times  Dec 7  Comment 
NFS is the largest interoperable ATM network in the country and it manages more than 95 per cent of the domestic interbank ATM transactions.
Forbes  Mar 15  Comment 
Pure Storage launch a new product line, the FlashBlade, aimed at customers who want fast, dense, NFS addressable flash.
Insurance Journal  Dec 16  Comment 
NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association Package (RCBAP) for condo...
The Economic Times  May 12  Comment 
The nation-wide implementation agency for the project, called Network for Spectrum (NFS), is Bharat Sanchar Nigam Ltd.
Mondo Visione  Apr 20  Comment 
The Securities and Exchange Commission today announced that David Woodcock, Regional Director of the Fort Worth office and leader of the Enforcement Division’s nationwide Financial Reporting and Audit Task Force, is leaving the SEC later this...
Cloud Computing  Jan 26  Comment 
Storage administrators find themselves walking a line between meeting employees’ demands to use public cloud storage services, and their organizations’ need to store information on-premises for security, performance, cost and compliance...
The Economic Times  Nov 4  Comment 
The defence NFS project comprises of a total of 57,015 kilometres of optic fibre network and is expected to be completed in 18 months.
The Hindu Business Line  Nov 4  Comment 
The Economic Times  Sep 26  Comment 
DoT & MoD signed an agreement under which defence agreed to release 5 megahertz of 3G spectrum after alternate communication network is in place.
Cloud Computing  Sep 18  Comment 
Storage administrators find themselves walking a line between meeting employees’ demands to use public cloud storage services, and their organizations’ need to store information on-premises for security, performance, cost and compliance...
Benzinga  Aug 27  Comment 
NetSol Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, today announced it has signed an agreement valued at more than $16 million to implement NFS Ascent™, the company's...




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Nationwide Financial Services provides life and annuity products with assets of $121.5 billion. The company was acquired by the privately owned Nationwide Mutual Insurance Company in 2008 and is no longer publicly traded.[1]

The company became a public entity in 1997 through an IPO by Nationwide Mutual Insurance. In 2002, Nationwide Financial bought Provident Mutual Life Insurance, which is now known as Nationwide Provident, and sold its interest in Gartmore Global Investors and in Nationwide Securities to Nationwide Mutual.

Nationwide Financial is among the 10 largest providers of long-term savings and retirement products in the U.S., according to A.M. Best Company, based on premium. The company develops and sells a diverse range of products, including individual annuities, private and public group retirement plans, life insurance, and advisory services.

Nationwide organizes its operations into four segments:

Individual Investments (34% of FY06 revenues 27% of FY06 pretax operating earnings [PTOE]). The Individual Investments segment consists of the BEST of AMERICA, NFN and private label variable and fixed annuity products. During 2002-2004, the company was among the 15 largest writers of individual variable annuities in the U.S., according to the Variable Annuity Research and Data service.

Retirement Plans (25% of FY06 revenues 28% of FY06 PTOE). This division includes public- (403b and 457) and private-sector (401K) pension plans business.

Individual Protection (31% of FY06 revenues 36% of FY06 PTOE). This segment consists of investment life insurance products, including individual variable, corporate-owned and bank-owned life insurance products, traditional and universal life insurance products.

Corporate and Other(10% of FY06 revenues 9% of FY06 PTOE). This segment includes retail operations of Nationwide Bank, the structured products business and net investment income not allocated elsewhere and the MTN program.




References

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