Nationwide Mutual Insurance Co. on Tuesday reported net operating income of $417 million for the first three months of 2013, up 52 percent from $274 million in the same period of 2012.

The earnings results "reflect a balanced contribution from our property and casualty and financial services businesses," Nationwide Chief Financial Officer Mark Thresher
said in a release. Total operating revenue for the company increased nearly 12 percent to $5.8 billion for the quarter, and total policyholder equity increased to $19.6 billion, up from $19.3 billion at the end of 2012.

Based in Columbus, Ohio, Nationwide provides savings and insurance products through 10 operating brands, including Allied Insurance, which is based in Des Moines.