Nationwide Financial Services (NFS)

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Nationwide Financial Services (NFS) provides life and annuity products with assets of $121.5 billion. The company became a public entity in 1997 through an IPO by Nationwide Mutual Insurance, which currently owns approximately two-thirds of NFS' common shares. 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.

 Nationwide Financial Services

	Select All  |  Select None Metrics Investment Income Premiums Assumed Premiums Ceded Premiums Earned Property & Casualty Premiums Reinsurance Recoverables Total Investments Life insurance in Force Policy Benefits Commissions Benefit Ratio Change in Fair Value of Derivatives Premiums Health Insurance Premiums Investment (Loss) Gain Life Insurance Premiums Net Income Cancel

	Select All  |  Select None Companies AXA (AXA) American Equity Investment Life Holding Company (AEL) Assured Guaranty (AGO) China Life Insurance Company (LFC) Citizens (CIA) Delphi Financial Group (DFG) FBL Financial Group (FFG) Genworth Financial (GNW) ING Groep N.V. (ING) IPC Holdings (IPCR) Independence Holding Company (IHC) Insure.com (NSUR) Kansas City Life Insurance Company (KCLI) Liberte Investors (FAC) Lincoln National (LNC) Manulife Financial (MFC) MetLife (MET) National Western Life Insurance Company (NWLIA) Nationwide Financial Services (NFS) Presidential Life (PLFE) Protective Life (PL) Prudential Financial (PRU) Prudential Public Limited Company (PUK) Reinsurance Group of America (RGA) Scottish RE Group (SCT) Sun Life Financial (SLF) Torchmark (TMK) Cancel

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Company	Data From	Investment (Loss) Gain	Life Insurance Premiums	Net Income	Change in Fair Value of Derivatives	Premiums	Health Insurance Premiums
Nationwide Financial Services (NFS)	2007	($165M)[1]	$523M[2]	$627M[3]	Add	$842M[4]	$289M[5]
Prudential Financial (PRU)	2007	$613M[6]	$14.5B[7]	$3.7B[6]	Add	$15.7B[7]	$1.14B[7]
Prudential Public Limited Compan… (PUK)	2007	$5.37B[8]	$36.4B[9]	$2.03B[9]	Add	$36.4B[9]	Add
Sun Life Financial (SLF)	2007	Add	$6.01B[10]	$2.29B[10]	Add	$14.1B[11]	$3.58B[10]
Torchmark (TMK)	2007	$2.73M[12]	$1.51B[13]	$528M[12]	Add	$2.77B[13]	$1.24B[13]

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[edit] References

1. ↑ 2007 NFS, 10-K,item 7, pg 35
2. ↑ Source: 2007 NFS 10-K, F-80
3. ↑ 2007 NFS, 10-K, item 6, pg 24
4. ↑ 2007 NFS, 10-K, item 15, F-80
5. ↑ 2007 NFS, 10-K, item 15, F-80
6. ↑ ^{6.0 6.1} 2007 PRU, 10-k, item 8, pg 174
7. ↑ ^{7.0 7.1 7.2} 2007 PRU, 10-k, item 15, pg 298
8. ↑ 2007 PUK, 20-F, item 19, Pg F- 133
9. ↑ ^{9.0 9.1 9.2} 2007 PUK, 20-F, item 3, Pg 1
10. ↑ ^{10.0 10.1 10.2} 2007 SLF, 40-F, Ex 99.2, pg 3
11. ↑ 2007 SLF, 40-F, Ex 99.2, pg 41
12. ↑ ^{12.0 12.1} 2007 TMK, 10-k, item 8, Pg 53
13. ↑ ^{13.0 13.1 13.2} 2007 TMK, 10-k, item 15, Pg 118