Nationwide Mutual Insurance Company was founded in 1925 as the Farm Bureau Mutual Automobile Insurance Company in Columbus, Ohio. At first, the company only sold automobile insurance to farmers.
In 1934 the company expanded to offer insurance to residents of cities, as well as fire insurance after it purchased a struggling fire insurance company.
By 1943 Farm Bureau Mutual was operating in 12 states and the District of Columbia. In 1955 Farm Bureau changed its name to Nationwide Mutual Insurance Company. From 1955 to 1965 Nationwide expanded into a further 19 states, bringing the total to 32.
Today Nationwide Mutual Insurance Company & Affiliated Companies is a group of financial services and U.S. insurance companies. Nationwide has over 36,000 employees and had $30.356 billion in revenue in 2012. It is #100 on the Fortune 500.