UPDATE 1-Nationwide Financial posts lower Q1 profit

(Recasts, adds details) May 7 (Reuters) - Nationwide Financial Services Inc (NFS.N: Quote, Profile, Research) reported a slump in first-quarter profit that missed Wall Street estimates, hurt by non-operating realized investment losses.

The provider of long-term savings and retirement products posted a profit of $44.5 million, or 32 cents a share, compared with earnings of $208.3 million, or $1.42 a share, last year.

Net operating earnings were $131.5 million, or 95 cents a share. Total revenue fell 21 percent to $916.3 million.

Analysts on average had expected the company to earn $1.11 a share, before special items, on revenue of $1.17 billion, according to Reuters Estimates.

The company recorded non-operating realized investment losses of $87.9 million, or 64 cents a share.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Gopakumar Warrier)

((supantha.mukherjee@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters messaging: supantha.mukherjee.reuters.com@reuters.net;)) Keywords: NATIONWIDEFINANCIAL/

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