Nationwide ends 2012 with nearly $1B in earnings

February 20, 2013 by Warren Hersch

Nationwide Mutual Insurance Company ended 2012 with close to $1 billion in earnings, reversing the company’s net loss in 2011.

The Columbus, Ohio-based multiline insurer discloses in its year-2012 financial results, ended December 31, net income for the year of $940 million, a substantial turn-around from the $677 million loss posted in 2011. Net income for the fourth quarter totaled $176 million, up 402 percent from the $35 million recorded for the year ago period. Click here to read…

Originally Posted at LifeHealthPro on February 15, 2013 by Warren Hersch.