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McFerson expressed delight that Nationwide has exceeded goals that he set two years ago that were to be reached by the year 2000 -- $100 billion in statutory assets, $25 billion in statutory revenue, and 15 million policies- in-force.

"This menshaircuts acquisition complements Nationwide''s property-casualty business and is a really good fit," Crabtree said. Nationwide Insurance Company of America has a $265 million personal lines portfolio, about 400 independent agents, and 300 employees.

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