Nationwide Mutual Insurance Company History | Nationwide Insurance Company Info.

Nationwide Insurance Company History

Over the last 80 years, Nationwide insurance has grown from a small mutual auto insurer owned by policyholders to one of the largest insurance and financial services companies in the world, with more than $135 billion in statutory assets.

Early Nationwide insurance growth came from working together with Farm Bureaus that sponsored the company. Eight Farm Bureaus continue to promote Nationwide and provide discounts to members.

The Early Years of Nationwide Insurance Company

* 1925 − The Ohio Farm Bureau Federation incorporates the Farm Bureau Mutual Automobile Insurance Company with the goal of providing quality auto insurance at low rates for farmers in Ohio.
* 1926 − The first policy is sold, and The Ohio Farm Bureau Federation is open for business.
* 1928 − With help from locally based sponsoring organizations, Farm Bureau Mutual begins expanding into other states. These include West Virginia, Maryland, Delaware, Vermont and North Carolina.
* 1934 − The company starts insuring motorists in metropolitan areas and, through the purchase of a fire insurance company, begins writing property insurance policies.
* 1943 − Farm Bureau Mutual operates in 12 states and the District of Columbia.

Becoming Nationwide Insurance Company

* 1955 − From 1943 on, the Farm Bureau Mutual expanded operations until it became clear that they had far outgrown their original goals… and their name. So, with a western expansion that included 20 additional states, the company changed its name to Nationwide Insurance®.
* 1978 − Nationwide completes its international headquarters at One Nationwide Plaza. The 40-story structure is the largest single office building in Central Ohio.
* 1982 – Nationwide acquires Farmland Insurance, now Nationwide Agribusiness Insurance, a 100-year-old company and America’s leading farm insurer.
* 1997 − Nationwide Financial® goes public.
* 2000 − With a ground breaking in 1997, the Nationwide Arena opens providing a home to a National Hockey League franchise, the Columbus Blue Jackets.
* 2007 − Nationwide Bank opens to the public.
* 2009- Nationwide Corporation, a wholly owned subsidiary of Nationwide Mutual Insurance Company (Nationwide), purchased all of the outstanding shares of common stock of Nationwide Financial Services (NFS) it did not already own; NFS becomes a wholly-owned subsidiary of Nationwide and a private company.

Who is Nationwide Insurance Company?

Nationwide insurance is a company where every voice is heard and valued. We understand the importance of associates with different backgrounds, experiences and perspectives coming together to serve our customers.

“I am proud of our associates and agents who help protect what matters most to our customers,” Nationwide CEO Stephen S. Rasmussen said. “It’s our commitment to diversity and inclusion that helps us meet our On Your Side promise every day. From our board of directors to our executive team to our associates and agents, we know we can accomplish great things together.”

Nationwide Insurance Company’s philosophy

Nationwide insurance believes there is a distinct difference between diversity and inclusion.

True diversity is greater than gender or race. It’s all-inclusive. We seek out a winning combination of academic backgrounds, ages, cultures, life circumstances, thinking styles and interests. We want to pursue, develop and champion unique and talented associates at all levels.

Inclusion is about fully engaging and developing our employees. Creating an inclusive workforce that develops its people is our goal and ultimate success as a company.

This philosophy enhances our performance as a company by:
* Understanding the global market we serve
* Providing the most effective products and services to our customers
* Relying on diverse suppliers through our Supply Management Services
* Serving as an integral member of the communities where we work and live
* Attracting, hiring, retaining and developing the best associates

This way, we can better serve our broad customer base with associates who represent our society.

Nationwide Insurance Company’s Awards and Partnerships

Nationwide Insurance is a great place to work – and we’re not the only ones who think so.

Here are some of the awards we are proud of:

* Top 40 Companies for Diversity and Inclusion – Uptown Professionals recognized Nationwide for the diversity represented in our senior leadership and board of directors. The group also acknowledged Nationwide’s support of diverse organizations, suppliers and vendors.
* Top 40 Best Companies for Diversity – Black Enterprise magazine named us a top employer for our commitment to diversity and inclusion. Chief Diversity Officer Candice Barnhardt received special notice as a Top 100 Executive in Diversity.
* Top 100 Companies to Work For – Savoy magazine recognized Nationwide for our management philosophy, communications efforts, job opportunities and minority outreach efforts.
* Best Places to Work for GLBT Equality – The Human Rights Campaign honored our policies and practices on how we treat gay, lesbian, bisexual and transgender associates and customers. Nationwide has won this award eight years in a row.
* Supplier diversity − Women Enterprise USA recognized Nationwide’s Supply Management Services as Top 100 Women Impacting Supplier Diversity.
* Patriotic Employer Award – The National Committee for Employer Support of the Guard and Reserve awarded us for showing appreciation to our military-member employees.
* Iowa State Chairman Award – We received this award for exceeding the legal requirements of supporting military employees.
* View more awards Nationwide is proud of.

We’re also proud of the partnerships we have with diverse groups across the country. These relationships offer us the opportunity to connect with people right where they are and unites us in protecting what matters most to them. Here are some of the partners we have:

* National Society of Hispanic MBAs
* Central Intercollegiate Athletic Association
* National Black MBA
* National Council of La Raza
* National Urban League

Read More about Nationwide Insurance visit : nationwide.com