MAY 12, 2020 08:40:36 Eastern Daylight Time

AM Best Assigns Issue Credit Rating to Nationwide Mutual Insurance Company’s Surplus Notes

 Robert Raber
Associate Director
+1 908 439 2200, ext. 5696

Greg Williams
Senior Director
+1 908 439 2200, ext. 5815
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644


OLDWICK - MAY 12, 2020 08:40:36 Eastern Daylight Time
AM Best has assigned a Long-Term Issue Credit Rating of “a” to the $1.35 billion 4.35% surplus notes due April 2050 recently issued by Nationwide Mutual Insurance Company (Nationwide Mutual) (Columbus, OH). The outlook assigned to the Credit Rating (rating) is stable.

The surplus note will be utilized for general corporate purposes. The ratings on the previously existing surplus notes are unchanged. Inclusive of this latest issuance, an aggregate of $3.55 billion in surplus notes is outstanding by Nationwide Mutual.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

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AMB# Company Name
002358 Nationwide Mutual Insurance Company