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A.M. Best affirms Nationwide Group

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A.M. Best affirms Nationwide Group

A.M.Best has affirmed the A+ financial strength ratings and "aa-" issuer creditratings of the four participating P&C pool members and 31 reinsured affiliatesof Nationwide Group.

The affectedmembers and affiliates are FarmlandMutual Insurance Co., NationwideMutual Insurance Co., NationwideMutual Fire Insurance Co., ScottsdaleInsurance Co., AlliedInsurance Co. of America, AlliedProperty and Casualty Insurance Co., AMCO Insurance Co., ColonialCounty Mutual Insurance Co., CrestbrookInsurance Co., DepositorsInsurance Co., FreedomSpecialty Insurance Co., HarleysvilleInsurance Co. of New Jersey, HarleysvilleInsurance Co. of New York, HarleysvilleInsurance Co., HarleysvilleLake States Insurance Co., HarleysvillePreferred Insurance Co., HarleysvilleWorcester Insurance Co., NationalCasualty Co., NationwideAffinity Insurance Co. of America, Nationwide Agribusiness Insurance Co., Nationwide Assurance Co., Nationwide General Insurance Co., Nationwide Insurance Co. of America, Nationwide Lloyds, NationwideProperty & Casualty Insurance Co., Scottsdale Indemnity Co., Scottsdale Surplus Lines Insurance Co., , Titan Insurance Co., VictoriaAutomobile Insurance Co., VictoriaFire & Casualty Co., VictoriaNational Insurance Co., VictoriaSelect Insurance Co., VictoriaSpecialty Insurance Co. and WesternHeritage Insurance Co.

A.M.Best also affirmed the B+ financial strength rating and "bbb-" issuercredit rating of Nationwide IndemnityCo., the "a-" issuer credit rating of Nationwide Financial Services Inc. and the A+ financial strengthratings and "aa-" issuer credit ratings of units Nationwide Life Insurance Co. and Nationwide Life and Annuity Insurance Co., and the A- financialstrength rating and "a-" issuer credit rating of Harleysville Life Insurance Co.

The ratingsoutlook is stable.

A.M.Best said Nationwide Group's ratings and outlook reflect its strong level of risk-adjustedcapitalization, which continues to be supportive of its ratings. The ratings ofNationwide Indemnity reflect its role as a receptacle for asbestos and environmentalreserves, as well as the support it receives from its parent, Nationwide MutualInsurance. The affirmation of Nationwide Life's ratings reflects its strategic valueto the Nationwide enterprise and strong presence in the life, annuity and retirementmarketplaces, in addition to its diverse product offerings through multiple distributionchannels.