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Nationwide’s net operating income up 11 percent

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Nationwide on Friday reported net operating income of $391 million, up more than 11 percent from the same period last year. Net income for the first quarter of 2015 was $199 million, compared with $140 million for the first quarter of 2014. Direct written premium, policy charges and asset fees spurred the growth,Nationwide said in a release. “Our first quarter results were solid and our core performance remains strong in financial services and P&C business lines,” said Nationwide CEO Steve Rasmussen. “We’re making excellent progress in our transition to a single brand, and we’re already seeing efforts across the company that are helping us deliver a more seamless experience to our members and business partners.”

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