Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Nationwide’s Best Annuities Help Affirm Ratings


By

In a press release from A.M. Best Company, they affirmed Nationwide’s financial strength ratings of A+ and aa-.  In “A.M. Best Affirms Ratings of Nationwide Financial Services, Inc. and Its subsidiaries; Outlook Negative,” the ratings are summarized.  Nationwide Financial Services, Inc., owned by Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company, and its subsidiaries operate out of Columbus, Ohio.  Subsidiaries Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company had affirmed financial strength ratings of A+ (Superior) and issuer credit ratings of aa-, partially due to sales of their best annuities.  The parent company’s issuer credit rating of “a-” and all of its debt ratings were also affirmed.  According to A.M. Best, the outlook is negative for all of Nationwide’s ratings.

Nationwide’s business profile is diverse with many product lines, has wide-ranging brand recognition and a leading position in the market of public retirement plans.  Their net flows in retirement and individual annuities are stable and improving.  Their financial leverage is within the guidelines judged by A.M. Best.  Some factors offsetting the ratings include a large exposure to mortgages, mortgage-backed securities and bonds that are below investment grade.  While there are still moderate levels of impairments going forward due to these factors and an industry hit hard with the economy, they have been able to combat the impairments with a decline in individual annuity outflows, mainly due to variable annuities, and good net flows in the public 457 retirement market.

For more information about the product mentioned in this article contact us here:

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).