UPDATE: Steve Rasmussen served as CEO of Nationwide from 2009 to 2019, when he retired after a 45-year career with the Nationwide family of companies. The current CEO is Kirt Walker (since October 2019). Kirt Walker — Salary, Age, Email & Net Worth →
Nationwide Mutual Insurance Company, one of America’s largest diversified insurance and financial services organizations, was founded in 1926 in Columbus, Ohio. Former Nationwide Insurance CEO Steve Rasmussen (Stephen S. Rasmussen) led the Fortune 500 company from February 2009 until his retirement on October 1, 2019. An insurance industry veteran with a 45-year career at the Nationwide family of companies, Rasmussen oversaw major strategic acquisitions including the $834 million Harleysville Insurance merger and the Jefferson National purchase, consolidated multiple brands under the iconic “Nationwide is on your side” tagline, and grew the company to nearly $47 billion in total sales by 2018.
Read on to learn about Nationwide Insurance CEO Steve Rasmussen’s net worth, salary and compensation, career history, education, wife & family, and more.
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Steve Rasmussen – Quick Facts
Nationwide Insurance Competitors
Nationwide Mutual Insurance Company is a Fortune 500 diversified insurance and financial services company. The key competitors of Nationwide include:
- State Farm – largest U.S. auto and home insurer by market share
- Liberty Mutual – major diversified global insurer
- Allstate – leading personal lines insurer
- Progressive – third-largest auto insurer in the U.S.
- GEICO – Berkshire Hathaway subsidiary; major auto insurer
- USAA – insurer for military members and families
- MetLife – global insurance and employee benefits leader
- Prudential Financial – diversified financial services
Steve Rasmussen Net Worth – Nationwide Insurance CEO Salary
As of 2026, Steve Rasmussen’s net worth is estimated at approximately $8–12 million USD. Nationwide Mutual Insurance is not a publicly traded company, so executive compensation disclosures are more limited than those of public corporations. However, based on available reports, Rasmussen’s annual salary was approximately $2.3 million in 2017 and approximately $2.7 million in 2015. As a mutual company, Nationwide does not file proxy statements with the SEC in the same manner as publicly traded companies, so full compensation breakdowns including bonuses and equity-equivalent awards are not publicly available.
Nationwide Insurance CEO Compensation (Reported Years)
Key Insight: Because Nationwide is a mutual insurance company (owned by policyholders, not public shareholders), detailed executive compensation packages — including bonuses, deferred compensation, and retirement benefits — are not required to be disclosed publicly via SEC proxy filings. Rasmussen’s total compensation, including long-term incentive plans, was likely significantly higher than the reported salary figures.
Nationwide Net Worth 2026 – Company Financials
Nationwide Mutual Insurance Company has achieved remarkable financial growth in recent years. Under current CEO Kirt Walker, Nationwide posted $68.5 billion in total sales for 2024, a 13% increase over 2023 and a 47% increase since 2020. The company reported $3.2 billion in net operating income, more than doubling its performance from 2020. Nationwide is ranked No. 72 on the 2025 Fortune 500 list and remains one of the top 10 largest insurance companies in the United States.
Nationwide Financial Summary (2024)
Growth Under Rasmussen’s Tenure (2009–2019): When Steve Rasmussen became CEO in 2009, the company had approximately $24 billion in total sales. By the time he retired in 2019, Nationwide had grown to nearly $47 billion in total sales with 30,000 employees, representing a near-doubling of the company’s top line during his 10-year tenure.
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Contact Steve Rasmussen – Email Address & Nationwide Customer Service
Steve Rasmussen retired as CEO of Nationwide in October 2019. For current corporate inquiries, contact current CEO Kirt Walker. Below are the contact details for Nationwide Insurance:
Career & Education – Company, University, & College
Steve Rasmussen’s 45-year career in the insurance industry is one of the longest tenures in the sector. He began at Allied Insurance in 1974 right after graduating from the University of Iowa and rose through every level of management — from underwriting and product management to the C-suite — before ultimately leading one of the largest insurance companies in the United States.
Steve Rasmussen Career Timeline
Rasmussen joined Allied Insurance in 1974 immediately after college. He rose through a variety of roles including underwriting, regional management for the Pacific Coast region, and product management leadership. He also served as President and COO of the affiliated CalFarm Insurance company. When Nationwide merged with Allied Insurance in 1998, Rasmussen transitioned to the parent company, where he was named President and COO of the Property and Casualty division in 2003.
In February 2009, Rasmussen was elected CEO of Nationwide Mutual Insurance Company, succeeding Jerry Jurgensen. During his decade-long tenure, he completed the landmark Harleysville Insurance merger ($834 million, 2012), acquired Jefferson National (2017) to expand the RIA distribution channel, and consolidated multiple Nationwide sub-brands under the unified “Nationwide is on your side” brand identity. Under his leadership, total sales nearly doubled from $24 billion to $47 billion, and Fortune Magazine ranked Nationwide the 95th best company to work for in 2015.
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Education
Steve Rasmussen Wiki – Age, Wife, Family, & More
Former Nationwide Insurance CEO Steve Rasmussen (age approximately 74–75 as of 2026) was born around 1951 and grew up in Iowa. He graduated from the University of Iowa in 1974 and immediately entered the insurance industry. His wife is Cindy Rasmussen, and the couple is based in downtown Columbus, Ohio. They have three sons. Both Steve and Cindy are deeply involved in the Columbus community and charitable work.
Notable Achievements & Recognitions
- Iowa Insurance Hall of Fame (2022) – Inducted in recognition of his 45-year career and transformative leadership at Nationwide
- University of Iowa Distinguished Alumni Award – Honored by his alma mater for outstanding achievement
- United Way of Central Ohio Co-Chair (2012) – Co-chaired the campaign alongside wife Cindy
- OhioHealth Board Chair – Served as chairman of the board for the Ohio-based hospital system
- American Electric Power Board Member – Served on the board of the Fortune 500 utility company
- Nationwide Children’s Hospital Board – Active board member for the nationally ranked children’s hospital
- Columbus Partnership Member – Participated in the civic organization focused on Central Ohio economic development
- Fortune “100 Best Companies to Work For” – Led Nationwide to rank 95th in 2015
Rasmussen has been described as “not one for the spotlight” — a quiet, steady leader who deeply cared about the Central Ohio community. Beyond his corporate board roles, he served on the boards of the Columbus Metropolitan Library, the National Urban League, the Insurance Information Institute, the Insurance Institute for Highway Safety, and was a trustee of Grand View University in Des Moines, Iowa.
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About Nationwide Mutual Insurance Company
Nationwide Mutual Insurance Company is one of the largest diversified insurance and financial services organizations in the United States. Founded on April 10, 1926, as the Farm Bureau Mutual Automobile Insurance Company in Columbus, Ohio, the company was originally created to provide affordable auto insurance to Ohio farmers. It adopted the name Nationwide Insurance in 1955 and has since grown into a Fortune 500 financial services powerhouse.
As a mutual company, Nationwide is owned by its policyholders (called “members”) rather than public shareholders. The company is headquartered at One Nationwide Plaza in Columbus, Ohio, with regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. With approximately 24,000 employees, $68.5 billion in total sales (2024), and a No. 72 ranking on the Fortune 500, Nationwide remains one of the premier financial services organizations in the country. The company’s iconic tagline, “Nationwide is on your side,” is one of the most recognized slogans in the insurance industry.
Frequently Asked Questions (FAQ)
Who is Steve Rasmussen?
Steve Rasmussen (Stephen S. Rasmussen) is the former CEO of Nationwide Mutual Insurance Company. He served as Chief Executive Officer from February 2009 until his retirement on October 1, 2019. He had a 45-year career at the Nationwide family of companies, beginning at Allied Insurance in 1974. He was inducted into the Iowa Insurance Hall of Fame in 2022.
Who is the current CEO of Nationwide Insurance?
The current CEO of Nationwide is Kirt Walker, who assumed the role on October 1, 2019, succeeding Steve Rasmussen. Walker had been with Nationwide since 1986 and previously served as President and COO of Nationwide Financial for 10 years.
What is Steve Rasmussen’s net worth?
Steve Rasmussen’s net worth is estimated at approximately $8–12 million USD. Because Nationwide is a mutual company (not publicly traded), detailed executive compensation disclosures are limited. His reported salary ranged from $2.3 million to $2.7 million during his tenure.
What were Steve Rasmussen’s major accomplishments as CEO?
During his 10-year tenure as Nationwide CEO, Rasmussen’s key accomplishments included the $834 million Harleysville Insurance merger (2012), the Jefferson National acquisition (2017), consolidating multiple sub-brands under the unified Nationwide name, and nearly doubling total sales from $24 billion to $47 billion. Fortune Magazine also ranked Nationwide 95th among the best companies to work for in 2015.
Where did Steve Rasmussen go to college?
Steve Rasmussen earned his Bachelor’s degree in Insurance from the University of Iowa in 1974. He also holds the Chartered Property Casualty Underwriter (CPCU) professional designation from The Institutes.
How big is Nationwide Insurance?
Nationwide is one of the largest insurance and financial services companies in the United States. In 2024, the company reported $68.5 billion in total sales, $3.2 billion in net operating income, $150 billion in total investments, and approximately 24,000 employees. It is ranked No. 72 on the 2025 Fortune 500 list.
Article last updated:February 2026March 2, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including corporate press releases, the Iowa Insurance Hall of Fame, University of Iowa Center for Advancement, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice. Net worth figures are estimates and may vary by source.