Nationwide reports record growth ahead of centennial year

Nationwide reported record results in 2025, marking its fifth consecutive year of growth as it enters its 100th year of operation.

Total sales and premiums reached $73.2 billion, up 7% year over year, while net operating income increased 37% to $4.3 billion. Total adjusted capital rose to $32.8 billion, the highest level in the company’s history, and well above AAA requirements. The insurer paid more than $20.2 billion in claims and benefits during the year.

Growth was driven by both property and casualty and financial services operations. Nationwide cited underwriting discipline in P&C despite catastrophe activity, and strong sales momentum across its financial products.

Strategically, the company expanded its footprint in employer stop loss insurance through the acquisition of Allstate Benefits’ group health business. It also introduced new products, including CareMatters Annuity for long-term care and RetireAssist for small retirement plans.

Technology and risk management remain a focus. Nationwide is investing $1.5 billion through 2028, including $100 million annually in AI, while expanding “predict and prevent” capabilities such as leak detection and electrical monitoring for policyholders.

The company also highlighted distribution growth through institutional partnerships and continued diversification across its portfolio.

Nationwide enters 2026—its centennial year—with record capital, earnings, and scale, positioning the business for continued expansion across insurance and financial services.

“Years like 2025 demonstrate the power of our modern mutual approach, which takes a long‑term view while staying relentlessly focused on delivering for customers today and into the future. Our diverse portfolio, strong capital position and iconic brand allow us to grow with intention, navigate volatility and remain strong and stable for those who rely on us.” – Nationwide Chief Executive Officer, Kirt Walker.