Moody’s cuts Nationwide to A2, says E&S shift could take “couple years” to hit target UW results

Published: Wed 15 Nov 2023

Moody's has downgraded the insurance financial strength ratings of Nationwide Mutual Insurance Company (NMIC) and its property casualty affiliates to A2 from A1, with the rating agency citing weak profitability in standard personal and standard commercial lines over the past several years.