Weather losses continue to be a factor in companies' second-quarter results, but the ultimate impact on net income varies depending on the size of the company and the lines written.
Nationwide Insurance, with a strong focus on U.S. homeowners insurance, saw a second-quarter net loss of $292 million, driven almost exclusively by 2011 first-half weather-related losses of $1.5 billion. The company says the weather losses are among the highest the company has ever experienced in the first half of a year.
In the 2010 second quarter, Nationwide reported net income of $88 million.
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