Nationwide Insurance Company | Springer Insurance

Nationwide Insurance

Nationwide is on Your Side.

AM Best A+

Affirmed 2022

Est. 1926

Elite Agency

Carrier Nationwide

AM Best A+

Established 1926

About Nationwide

For more than 90 years, Nationwide has grown from a small mutual auto insurer owned by policyholders to one of the largest insurance and financial services companies in the world.

At Nationwide, we exist to protect people, businesses and futures with extraordinary care. Standing on our strong foundation of nearly 100 years of working with our partners to protect what's most important to our members, we've been able to overcome and prevail through dynamic times. We continue to adapt and transform resiliently with our guiding vision of caring for others.

Insurance Products Offered

Company History

1926

Nationwide, formerly known as Farm Bureau Mutual Automobile Insurance Company, sold its first policy.

1928

Farm Bureau Mutual expanded its business into other states, including West Virginia, Maryland, Delaware, Vermont and North Carolina.

1935

Farm Bureau Mutual acquired Life Insurance Company of America.

1955

Farm Bureau Mutual changed its name to Nationwide with the aspiration of eventually selling products from coast to coast.

1963

Nationwide pioneered a seat belt incentive, which provided 50% additional medical benefits to policyholders wearing a seat belt at the time of an automobile accident.

1969

Nationwide first used the Nationwide jingle in a national marketing campaign.

2006

The Nationwide Foundation approved a $50 million grant to Columbus Children's Hospital, the second-largest philanthropic gift made to an American hospital.

2012

Nationwide acquired Harleysville Mutual Insurance Company.

Today

Today we still answer to our members, but we protect more than just cars and Ohio farmers. We're a Fortune 100 company that offers a full range of insurance and financial services across the country. Our products include car, motorcycle, homeowners, pet, farm, life and commercial insurance. We also offer annuities, mutual funds, retirement plans and specialty health services.

Financial Strength

AM Best Rating: A+, affirmed 2022.

Total assets:

$295.7 billion

Investments

In 2022, total investments were $123.6 billion. Net investment income of $5.0 billion in 2022 was down from $5.3 billion in 2021, driven primarily by alternative investments.