REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | File No. 333-137202 |
Pre-Effective Amendment No. | □ |
Post-Effective Amendment No. 18 | ☑ |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | File No. 811-08301 |
Amendment No. 212 | ☑ |
□ | immediately upon filing pursuant to paragraph (b) |
☑ | on May 1, 2015 pursuant to paragraph (b) |
□ | 60 days after filing pursuant to paragraph (a)(1) |
□ | on (date) pursuant to paragraph (a)(1) |
□ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
Telephone: | 1-877-351-8808 (TDD: 1-800-238-3035) |
Facsimile: | 1-855-677-2357 |
Internet: | www.nationwide.com |
U.S. Mail: | Nationwide
Life Insurance Company Nationwide Business Solutions Group One Nationwide Plaza, 1-11-401 Columbus, OH 43215-2220 |
The policy is NOT: insured by the Federal Deposit Insurance Corporation; a bank deposit; available in every state; or insured or endorsed by a bank or any federal government agency. |
The policy may decrease in value to the point of being valueless because of poor Investment Experience. |
Nationwide offers a variety of variable universal life policies. Despite offering substantially similar features and investment options, certain policies may have lower overall charges than others including the policy described herein. These differences in charges may be attributable to differences in sales and related expenses incurred in one distribution channel versus another. |
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• | change the death benefit option; |
• | increase or decrease the Base Policy Specified Amount and/or Rider Specified Amount; |
• | change beneficiaries; and |
• | change ownership of the policy. |
• | take a policy loan, see Policy Loans. |
• | take a partial surrender, see Partial Surrender. |
• | surrender the policy for its Cash Surrender Value at any time while the policy is In Force, see Full Surrender. |
• | Change of Insured Rider (no charge) |
• | Supplemental Insurance Rider |
• | Policy Component A has a Premium Load that declines each year over the first five policy years and a Deferred Premium Load that is based on Premium paid in the first policy year and is charged in policy years two through five. |
• | Policy Component B has a Premium Load that declines over the first five policy years. No Deferred Premium Load applies under this policy component. |
• | Policy Component C has a current Premium Load that is lower than the Premium Load on Policy Components A and B, and declines over a shorter, four year, period. No Deferred Premium Load applies. |
• | Policy Component D has no Premium Load or Deferred Premium Load, and higher aggregate current monthly charges when compared to Policy Components A, B and C. |
Transaction Fees | |||||
Charge | When Charge is Deducted | Amount Deducted By Policy Component (A, B, C, and D) | |||
Premium Load1 | Upon making a Premium payment | A | B | C | D |
Target Premium | |||||
Maximum | 10% | 10% | 10% | 10% | |
Current | 10% | 10% | 8% | 0% | |
Excess Premium | |||||
Maximum | 10% | 10% | 10% | 10% | |
Current | 2% | 2% | 2% | 0% | |
Illustration Charge2 | Upon requesting an illustration | ||||
Maximum | $25 (flat fee applies regardless of policy component configurations) | ||||
Current | $0 (flat fee applies regardless of policy component configurations) |
1 | The Premium Load will vary according to the amount of annual Target Premium and Excess Premium and the blending of the policy component configuration selected. |
The maximum premium load applied to all policy components as a percentage of each Premium (whether Target Premium or Excess Premium) declines on the following schedule: | |
Policy Year | 1 | 2 through 5 | 6 and thereafter | |||
Premium
Load |
10% | 8% | 5% |
Policy Year | Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | ||||
1 |
10% | 10% | 8% | 0% | ||||
2 |
8% | 8% | 6% | 0% | ||||
3 |
6% | 6% | 4% | 0% | ||||
4 |
4% | 4% | 2% | 0% | ||||
5 |
2% | 2% | 2% | 0% | ||||
6 and
thereafter |
2% | 2% | 2% | 0% |
Policy Year | Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | ||||
1 |
2% | 2% | 2% | 0% | ||||
2 –
5 |
2% | 2% | 2% | 0% | ||||
6 and
thereafter |
2% | 2% | 2% | 0% |
2 | The policy owner will be expected to pay the Illustration Charge at the time of the request. This charge will not be deducted from Cash Value. |
Periodic Charges | |||||
Charge | When Charge is Deducted | Amount Deducted From Cash Value (deductions are separated by Policy Component A, B, C, and D where applicable) | |||
Deferred Premium Load1 | On the anniversary of the Policy Date in policy years two through five | A | B | C | D |
Target Premium | |||||
Maximum | 2% | 2% | 2% | 2% | |
Current | 2% | 0% | 0% | 0% | |
Excess Premium | |||||
Maximum | 2% | 2% | 2% | 2% | |
Current | 0.5% | 0% | 0% | 0% | |
Base Policy Cost of Insurance Charge2† | Monthly | A | B | C | D |
Maximum | $83.33 per $1,000 of Net Amount At Risk | $83.33 per $1,000 of Net Amount At Risk | $83.33 per $1,000 of Net Amount At Risk | $83.33 per $1,000 of Net Amount At Risk | |
Minimum | $0.03 per $1,000 of Net Amount At Risk | $0.03 per $1,000 of Net Amount At Risk | $0.03 per $1,000 of Net Amount At Risk | $0.03 per $1,000 of Net Amount At Risk | |
Representative:
an individual issue age 40, non-tobacco, in the 10th policy year, Death Benefit Option 1, issued on a short-form, non-medical basis. Representative Cost by Policy Component Net Amount At Risk3 |
$0.24 | $0.21 | $0.22 | $0.24 |
Periodic Charges | |||||
Charge | When Charge is Deducted | Amount Deducted From Cash Value (deductions are separated by Policy Component A, B, C, and D where applicable) | |||
Supplemental Insurance Rider Cost of Insurance Charge4† | Monthly | A | B | C | D |
Maximum | $83.33 per $1,000 of Rider Net Amount at Risk | $83.33 per $1,000 of Rider Net Amount at Risk | $83.33 per $1,000 of Rider Net Amount at Risk | $83.33 per $1,000 of Rider Net Amount at Risk | |
Minimum | $0.02 per $1,000 of Rider Net Amount at Risk | $0.02 per $1,000 of Rider Net Amount at Risk | $0.02 per $1,000 of Rider Net Amount at Risk | $0.02 per $1,000 of Rider Net Amount at Risk | |
Representative:
an individual issue age 40, non-tobacco, in the 10th policy year, issued on a short-form, non-medical basis. Representative Cost by Policy Component Net Amount at Risk5 |
$0.16 | $0.15 | $0.15 | $0.10 | |
Flat Extra Charge6 | Monthly | Maximum
$2.08 per $1,000 of Net Amount at Risk for each Flat Extra assessed | |||
Base Policy Sub-Account Asset Charge7 | Monthly, based on an annual rate | A | B | C | D |
Maximum | 1.25% | 1.25% | 1.25% | 1.25% | |
Current | 0.30% | 0.25% | 0.25% | 0.60% | |
Supplemental Insurance Rider Sub-Account Asset Charge8 | Monthly, based on an annual rate | A | B | C | D |
Maximum | 1.25% | 1.25% | 1.25% | 1.25% | |
Current | 0.20% | 0.16% | 0.16% | 0.30% | |
Base Policy Specified Amount Charge9 | Monthly | ||||
Maximum | $0.40 per $1,000 of Base Policy Specified Amount | ||||
Current | $0.08 per $1,000 of Base Policy Specified Amount | ||||
Supplemental Insurance Rider Specified Amount Charge10 | Monthly | ||||
Maximum | $0.40 per $1,000 of Rider Specified Amount | ||||
Current | $0.02 per $1,000 of Rider Specified Amount |
Periodic Charges | |||||
Charge | When Charge is Deducted | Amount Deducted From Cash Value (deductions are separated by Policy Component A, B, C, and D where applicable) | |||
Administrative Charge | Monthly | ||||
Maximum | $10 per policy | ||||
Current | $5 per policy | ||||
Policy Loan Interest Charge11 | Annually, or on an increase or repayment of the loan | ||||
Maximum | 3.50% of Indebtedness | ||||
Current | 2.80% of Indebtedness |
† | This charge will vary based upon the individual characteristics of the Insured. Representative charges shown in the table may not be representative of the charge that a particular policy owner will pay. Policy owners can request an illustration of specific costs and/or see the Policy Data Pages for information about specific charges of the policy. |
1 | The Deferred Premium Load (maximum and current) will vary according to the amount of aggregate Premium paid in policy year one, the amount of term insurance coverage purchased via the Supplemental Insurance Rider, and the policy component configurations selected. Each policy component has a different deferred premium load assessed on each Premium payment in accordance with the following tables. The ultimate Deferred Premium Load will depend on the policy component configuration and whether Premium paid is Target Premium or Excess Premium. |
Policy Year | Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | ||||
1 |
0% | 0% | 0% | 0% | ||||
2-5
|
2% | 0% | 0% | 0% | ||||
6 and
thereafter |
0% | 0% | 0% | 0% |
Policy Year | Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | ||||
1 |
0% | 0% | 0% | 0% | ||||
2-5
|
0.5% | 0% | 0% | 0% | ||||
6 and
thereafter |
0% | 0% | 0% | 0% |
2 | The Cost of Insurance Charge varies according to the Insured's age, sex (if not unisex classified), tobacco use, Substandard Ratings, underwriting class, the number of years from the Policy Date, the Base Policy Specified Amount, whether coverage has been elected under the Supplemental Insurance Rider, and the elected policy component configurations. The Cost of Insurance maximum charge calculation does not include substandard rated policies. For substandard rated policies, the maximum charge is $125.00 per $1,000 of Net Amount at Risk. |
3 | The representative for the Base Policy Cost of Insurance Charge shown is for policies with applications dated on or after September 30, 2008. The representative for policies with applications dated prior to September 30, 2008, is as follows: Policy Component A is $0.33; Policy Component B is $0.31; Policy Component C is $0.32; and Policy Component D is $0.30. |
4 | The Supplemental Insurance Rider Cost of Insurance maximum charge calculation does not include substandard rated policies. For substandard rated policies, the maximum charge is $125.00 per $1,000 of Net Amount at Risk. |
5 | The representative for the Supplemental Insurance Rider Cost of Insurance Charge shown is for policies with applications dated on or after September 30, 2008. The representative for policies with applications dated prior to September 30, 2008, is as follows: Policy Component A is $0.20; Policy Component B is $0.24; Policy Component C is $0.24; and Policy Component D is $0.15. |
6 | The Flat Extra Charge is only applicable if certain factors result in an Insured having a Substandard Rating. Under no circumstance will the assessment of a Flat Extra Charge result in the Cost of Insurance Charge exceeding the maximum Cost of Insurance Charge, see Cost of Insurance. |
7 | The Sub-Account Asset Charge is based on assets allocated to the Sub-Accounts and is deducted only from the Sub-Account |
allocations. The maximum guaranteed annual rate for this charge is 1.25%, but ultimate charges assessed may be higher or lower because the charge is taken monthly rather than annually. Values in the table are listed at the annual rate. Maximum guaranteed annual and monthly rates are shown on the Policy Data Pages. See Sub-Account Asset Charges for a detailed table of annual rate charges. | |
8 | The Supplemental Insurance Rider Sub-Account Asset Charge varies according to the ratio of the Cash Value to the maximum annual Premium allowed under the Code assuming that: (i) the policy is not a modified endowment contract; (ii) the policy's death benefit is equal to the Total Specified Amount; and (iii) seven level, annual Premiums are paid; (iv) there are no premiums resulting from a Section 1035 exchange; and (v) there are no adjustments due to a state imposed requirement or to substandard underwriting ratings. The Supplemental Insurance Rider Sub-Account Asset Charge is deducted only from the Sub-Account allocations. The current charges shown here are the highest amounts currently charged, see Supplemental Insurance Rider. |
9 | The current Base Policy Specified Amount Charge shown is for policies with applications dated on or after September 30, 2008. For policies with applications dated prior to September 30, 2008, the current charge is $0.30 per $1,000 of Base Policy Specified Amount. |
For all policies, in policy years 21 and later, the Base Policy Specified Amount Charge per $1,000 is reduced to $0.01 per $1,000 of Base Policy Specified Amount. For policies with applications dated prior to September 30, 2008, with a Total Specified Amount in excess of $50,000, the current charge applied to amounts attributable to Base Policy Specified Amount per $1,000 for such excess amounts is $0.09 for policy years one through 20 and $0.01 for policy years 21 and later. | |
10 | The current Supplemental Insurance Rider Specified Amount Charge shown is for policies with applications dated on or after September 30, 2008. For policies with applications dated prior to September 30, 2008, the current charge is $0.05 per $1,000 of Rider Specified Amount. |
For all policies, policy years 21 and later, the Supplemental Insurance Rider Specified Amount Charge per $1,000 is reduced to $0.01 per $1,000 of Rider Specified Amount. For policies with applications dated prior to September 30, 2008, with a Total Specified Amount in excess of $50,000, the current charge applied per $1,000 for such excess amounts is $0.01 for all policy years. | |
11 | The Policy Loan Interest Charge is described in more detail in Policy Loans. |
Total Annual Mutual Fund Operating Expenses | |||||
Minimum | Maximum | ||||
Total
Annual Mutual Fund Operating Expenses (expenses that are deducted from the mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses) |
0.27% | 1.68% |
• | Christmas |
(1) | trading on the NYSE is restricted; |
(2) | an emergency exists making disposal or valuation of securities held in the separate account impracticable; or |
(3) | the SEC, by order, permits a suspension or postponement for the protection of security holders. |
(a) | is the sum of: |
• | the NAV per share of the mutual fund held in the Sub-Account as of the end of the current Valuation Period; and |
• | the per share amount of any dividend or income distributions made by the mutual fund held in the Sub-Account (if the date of the dividend or income distribution occurs during the current Valuation Period); plus or minus |
• | a per share charge or credit for any taxes reserved for as a result of the Sub-Account's investment operations if changes to the law result in a modification to the tax treatment of the separate account; and |
(b) | is the NAV per share of the mutual fund held in the Sub-Account determined as of the end of the immediately preceding Valuation Period. |
• | the dilution of the value of the investors' interests in the mutual fund; |
• | mutual fund managers taking actions that negatively impact performance (i.e., keeping a larger portion of the mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or |
• | increased administrative costs due to frequent purchases and redemptions. |
(1) | request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any policy owner; |
(2) | request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and |
(3) | instruct Nationwide to restrict or prohibit further purchases or exchanges by policy owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies). |
• | by telephone at 1-877-351-8808 (TDD: 1-800-238-3035) |
• | by mail to Nationwide Life Insurance Company, Nationwide Business Solutions Group, One Nationwide Plaza (1-11-401), Columbus, Ohio 43215-2220 |
• | by fax at 1-855-677-2357 |
• | by Internet at www.nationwide.com. |
• | changing the policy owner, contingent owner, and beneficiary; |
• | assigning, exchanging, and/or converting the policy; |
• | requesting transfers, policy loans, and partial surrenders or a complete surrender; and |
• | changing insurance coverage such as death benefit option changes, adding or removing Riders, and/or increasing or decreasing the Total Specified Amount. |
• | the date Nationwide certifies that the complete application materials have been submitted and the underwriting conditions have been satisfied; |
• | the Policy Date; or |
• | the date the initial Premium is received at the Service Center. |
• | the date the insurance carrier of the exchanged policy authorizes payment of such policy's proceeds to Nationwide; or |
• | the date Nationwide certifies that the complete application materials have been submitted and the underwriting conditions have been satisfied, provided there is sufficient Premium to pay policy charges for at least three months. |
• | Nationwide may require satisfactory evidence of insurability before accepting any additional Premium payment that results in an increase in the policy's Net Amount At Risk. |
• | Nationwide will refund Premium payments that exceed the applicable premium limit established by the Code to qualify the policy as a contract for life insurance. |
• | Nationwide will monitor Premiums paid and will notify policy owners when the policy is in jeopardy of becoming a modified endowment contract, see Taxes. |
• | Nationwide may require that policy Indebtedness be repaid before accepting any additional Premium payments. |
(1) | Accumulation Unit values resulting from the Net Premium allocated to the Fixed Account; |
(2) | amounts held in the Policy Loan Account; and |
(3) | Accumulation Unit values resulting from Net Premium allocated to the Sub-Accounts. |
(1) | Sub-Account Asset Charge; plus |
(2) | Administrative Charge; plus |
(3) | Base Policy Specified Amount Charge; plus |
(4) | Deferred Premium Load (only applied during years two through five to the monthly deduction associated with the Policy Anniversary in those years); plus |
(5) | the monthly cost of any additional benefits provided by any Riders; plus |
(6) | Base Policy Cost of Insurance. |
• | sex (if not unisex classified) of the Insured; |
• | the elapsed time since the Policy Date; |
• | Investment Experience; |
• | the charges assessed to the policy; |
• | the policy component configurations; and |
• | the pattern of renewal Premium payments. |
• | the policy owner requests in writing to the Service Center to terminate coverage; |
• | the Insured dies; |
• | the policy is In Force on the Maturity Date and the policy owner does not elect to extend coverage beyond the Maturity Date; |
• | the policy Lapses; or |
• | the policy is surrendered for its Cash Surrender Value. |
• | the Total Specified Amount; |
• | the current Cash Value; |
• | Premiums paid; |
• | the Cash Surrender Value; |
• | all charges since the last report; and |
• | Indebtedness. |
• | Policy Component A calls for the greatest apportionment of charges on the front-end. This policy component includes a Premium Load that declines over the first five policy years, as well as a Deferred Premium Load that is assessed in policy years two through five and is based on Premium paid in the first policy year. The aggregate current monthly charges (i.e., the cost of insurance charge, the specified amount charge, and the sub-account asset charge) under this policy component are lower than those for Policy Components B and C during the first four policy years, and lower than those for Policy Component D in all policy years. |
• | Policy Component B includes a Premium Load that declines over the first five policy years, but does not include a Deferred Premium Load. The aggregate current monthly charges are lower than those for Policy Component A after the first four policy years, lower than those for Policy Component C after the first 10 policy years, and lower than those for Policy Component D in all policy years. |
• | Policy Component C apportions charges on the front-end to a lesser extent than under either Policy Component A or B: the Premium Load is at a lower, declining rate and for a shorter duration (i.e., for four rather than five years). The aggregate current monthly charges are higher than those for Policy Component B during the first 10 policy years, and similar thereafter. The aggregate current monthly charges are higher than those for Policy Component A during the first four policy years, and similar thereafter. The aggregate current monthly charges are lower than those for Policy Component D in all years. |
• | Policy Component D has no Premium Load—either front-end or deferred. The aggregate current monthly charges under this policy component are always higher than those under Policy Components A, B, and C. |
Policy Year | 1 | 2 | 3 | 4 | 5 and thereafter | ||||||||||||||||
Target
Premium |
Excess
Premium |
Target
Premium |
Excess
Premium |
Target
Premium |
Excess
Premium |
Target
Premium |
Excess
Premium |
Target
Premium |
Excess
Premium |
||||||||||||
Policy Component
A |
10% | 2% | 8% | 2% | 6% | 2% | 4% | 2% | 2% | 2% | |||||||||||
Policy Component
B |
10% | 2% | 8% | 2% | 6% | 2% | 4% | 2% | 2% | 2% | |||||||||||
Policy Component
C |
8% | 2% | 6% | 2% | 4% | 2% | 2% | 2% | 2% | 2% | |||||||||||
Policy Component
D |
0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Policy Year | 1 | 2-5 | 6 and thereafter | ||||||||||
Target
Premium |
Excess
Premium |
Target
Premium |
Excess
Premium |
Target
Premium |
Excess
Premium |
||||||||
Policy Component
A |
0% | 0% | 2% | 0.5% | 0% | 0% | |||||||
Policy Component
B |
0% | 0% | 0% | 0% | 0% | 0% | |||||||
Policy Component
C |
0% | 0% | 0% | 0% | 0% | 0% | |||||||
Policy Component
D |
0% | 0% | 0% | 0% | 0% | 0% |
Policy Year | Total
Specified Amount | |
1 through
20 |
$0.08 per $1,000 | |
21 and
thereafter |
$0.01 per $1,000 |
Total Specified Amount | ||||
Policy Year | Up to $50,000 | Over $50,000 | ||
1 through
20 |
$0.30 per $1,000 | $0.09 per $1,000 | ||
21 and
thereafter |
$0.01 per $1,000 | $0.01 per $1,000 |
1 | The total charges applied to Base Policy Specified Amount are determined by adding the amount of the charges of the first $50,000 of Total Specified Amount attributable to Base Policy Specified Amount to the amount of charges attributable to Base Policy Specified Amount on Total Specified Amount in excess of $50,000. Base Policy Specified Amount will equal Total Specified Amount, unless any Rider Specified Amount is elected. |
Ratio
of Cash Value to 7-Pay Premium2 (on a monthly anniversary) |
Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | ||||
Under
125% |
0.30% | 0.25% | 0.25% | 0.60% | ||||
125% -
249% |
0.26% | 0.23% | 0.23% | 0.55% | ||||
250% -
374% |
0.22% | 0.20% | 0.20% | 0.50% | ||||
375% -
499% |
0.19% | 0.18% | 0.18% | 0.46% | ||||
500% -
649% |
0.17% | 0.16% | 0.16% | 0.42% | ||||
650% -
799% |
0.15% | 0.14% | 0.14% | 0.38% | ||||
800% -
999% |
0.13% | 0.13% | 0.13% | 0.35% | ||||
1000% -
1299% |
0.11% | 0.11% | 0.11% | 0.33% | ||||
1300% -
1599% |
0.10% | 0.10% | 0.10% | 0.31% | ||||
1600% -
1999% |
0.09% | 0.09% | 0.09% | 0.29% | ||||
2000% -
2499% |
0.08% | 0.08% | 0.08% | 0.27% | ||||
2500% &
over |
0.06% | 0.06% | 0.06% | 0.25% |
1 | To calculate the monthly
deduction based on the annual rates listed above, use the following formula: Monthly Rate = (1+ Annual Rate) (Number of days in the Month / Number of days in the year) – 1 |
2 | The 7-Pay Premium is established as of the Policy Date and will not change. |
Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | |||
0.30% | 0.25% | 0.25% | 0.60% |
• | Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets; |
• | Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and |
• | Payments by an underlying mutual fund's advisor or subadvisor (or its affiliates). Such payments may be derived, in whole or in part, from the advisory fee, which is deducted from underlying mutual fund assets and is reflected in mutual fund charges. |
1. | At the time of the change, the new Insured must have the same business relationship to the policy owner as did the previous Insured. |
2. | The new Insured may be required to submit satisfactory evidence of insurability. |
3. | The new Insured must satisfy Nationwide's underwriting requirements. |
4. | The policy must be In Force and not be in a Grace Period at the time of the change. |
5. | The new Insured must have been at least age 18 on the Policy Date. |
6. | The policy owner must make written application to change the Insured to the Service Center. |
• | certain benefits that are normally available under the policy may be reduced or eliminated when this Rider is in effect; |
• | adding this Rider results in a lower Enhancement Benefit; |
• | in some years and/or at some ages, the cost of insurance charge for the Rider is more expensive than the cost of insurance for the base policy; |
• | the Maturity Date may not be extended with respect to the Rider Specified Amount; |
• | the Rider's death benefit terminates if the Insured is living on the Maturity Date; and |
• | the compensation rates payable to the selling broker-dealer are lower on this Rider than those on the base policy. |
• | Sub-Account Asset Charge; |
• | Supplemental Insurance Rider Specified Amount Charge; |
• | Supplemental Insurance Rider Cost of Insurance Charge; and |
• | Supplemental Insurance Rider Sub-Account Asset Charge. |
Ratio
of Cash Value to 7-Pay Premium2 (on a monthly anniversary) |
Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | ||||
Under
125% |
0.20% | 0.16% | 0.16% | 0.30% | ||||
125% -
249% |
0.18% | 0.15% | 0.15% | 0.27% | ||||
250% -
374% |
0.16% | 0.14% | 0.14% | 0.24% | ||||
375% -
499% |
0.14% | 0.13% | 0.13% | 0.22% | ||||
500% -
649% |
0.12% | 0.12% | 0.12% | 0.20% | ||||
650% -
799% |
0.11% | 0.11% | 0.11% | 0.18% | ||||
800% -
999% |
0.10% | 0.10% | 0.10% | 0.16% | ||||
1000% -
1299% |
0.09% | 0.09% | 0.09% | 0.14% | ||||
1300% -
1599% |
0.08% | 0.08% | 0.08% | 0.13% | ||||
1600% -
1999% |
0.07% | 0.07% | 0.07% | 0.12% | ||||
2000% -
2499% |
0.06% | 0.06% | 0.06% | 0.11% | ||||
2500% &
over |
0.05% | 0.05% | 0.05% | 0.10% |
1 | To calculate the monthly
deduction based on the annual rates listed above, use the following formula: Monthly Rate = (1+ Annual Rate) (Number of days in the Month / Number of days in the year) -1 |
2 | The 7-Pay Premium is established as of the Policy Date and will not change. |
Policy
Component A |
Policy
Component B |
Policy
Component C |
Policy
Component D | |||
0.20% | 0.16% | 0.16% | 0.30% |
Policy Year | Total Specified Amount | |
1 through
20 |
$0.02 per $1,000 | |
21 and
thereafter |
$0.01 per $1,000 |
Total Specified Amount | ||||
Policy Year | Up to $50,000 | Over $50,000 | ||
1 through
20 |
$0.05 per $1,000 | $0.01 per $1,000 | ||
21 and
thereafter |
$0.01 per $1,000 | $0.01 per $1,000 |
1 | The charge associated with the first $50,000 of Total Specified Amount is determined separately from the charge associated with the Total Specified Amount in excess of $50,000. Each of these charges is determined using a weighted average (i.e., a blend that uses the relative proportions of the Base Policy Specified Amount and Rider Specified Amount) of the base and Rider charges. |
1. | Base Policy Death Benefit – The amount of the Death Benefit allocated to the base policy is calculated using the formula below. |
Base
Policy Death Benefit |
= | CV + (Total NAAR) | x |
(Base Policy Specified Amount) (Total Specified Amount) |
CV | = | the Cash Value of the policy |
Total NAAR | = | the total Net Amount At Risk which is the Death Benefit minus the Cash Value |
2. | Supplemental Insurance Rider Death Benefit – The amount of the Death Benefit allocated to the Supplemental Insurance Rider is calculated by taking the Death Benefit and subtracting the Base Policy Death Benefit (as calculated in item 1 above). |
In most instances, charges end up being lower if the policy owner elects as much coverage as possible under the Rider. | |
Total Specified Amount remains the same unless a an increase or decrease is requested. All increases or decreases are done proportionally based on the established allocation between Rider Specified Amount and Base Policy Specified Amount. | |
If the Cash Value increases, the portion of the Death Benefit attributable to this Rider may, at times, be less than the Rider Specified Amount. If the Cash Value decreases, the portion of the Death Benefit attributable to the base policy may, at times, be less than the Base Policy Specified Amount. |
• | the date the base policy is surrendered or terminated; |
• | the date the base policy Lapses; |
• | the Insured's death; or |
• | the date the Insured reaches Attained Age 100. |
• | Annually, at the end of a policy year; |
• | At the time a new loan is requested; |
• | When a loan repayment is made; |
• | Upon the Insured's death; |
• | Upon policy Lapse and/or; |
• | Upon a full surrender of the policy. |
• | submitting a written request to reinstate the policy to the Service Center any time within three years after the end of the Grace Period (or longer if required by state law) and before the Maturity Date; |
• | providing satisfactory evidence of insurability that Nationwide may require; |
• | paying sufficient Premium to keep the policy In Force for three months (or less if required by state law) from the date of reinstatement; |
• | paying sufficient Premium to cover all policy charges that were due and unpaid during the Grace Period; and |
• | repaying or reinstating any Indebtedness that existed at the end of the Grace Period. |
• | occurs before the 15th anniversary of the Policy Date; and |
• | when added to any prior preferred policy surrenders taken in same policy year, does not exceed 10% of the Cash Surrender Value as of the beginning of that policy year. |
• | the Total Specified Amount as of the date of the Insured's death, or |
• | the applicable percentage defined in Section 7702 of the Code of the Enhanced Cash Value as of the date of the Insured's death. |
• | the Total Specified Amount plus the Enhanced Cash Value as of the date of the Insured's death, or |
• | the applicable percentage defined in Section 7702 of the Code of the Enhanced Cash Value as of the date of the Insured's death. |
• | (a) plus (b), where: |
(a) | = | the Total Specified Amount as of the date of the Insured's death; and | ||
(b) | = | the greater of 0 or the lesser of (i) and (ii), where | ||
(i) | = | the Death Benefit Option 3 maximum increase shown on the Policy Data Page; and | ||
(ii) | = | the accumulated premium amount. The accumulated premium amount equals all Premium payments as of the date of the Insured's death accumulated at the Death Benefit Option 3 interest rate shown on the Policy Data Page, less the total of all partial surrenders taken from the policy as of the date of the Insured's death accumulated at the Death Benefit Option 3 interest rate shown on the Policy Data Page; or |
• | the applicable percentage defined in Section 7702 of the Code of the Enhanced Cash Value as of the date of the Insured's death. |
• | the cash value accumulation test; or |
• | the guideline premium/cash value corridor test. |
• | the Total Specified Amount will be changed to the Cash Value on the Maturity Date and increases or decreases to the Total Specified Amount will not be permitted; |
• | Death Benefit Option 2 and Death Benefit Option 3 will be changed to Death Benefit Option 1 where the Total Specified Amount equals the Cash Value; |
• | 100% of the policy's Cash Value will be permanently transferred to the Fixed Account; |
• | no additional Premium payments will be permitted; |
• | no additional monthly periodic policy charges will be deducted; |
• | loans, loan repayments and partial surrenders will continue to be permitted; |
• | loan interest will continue to be charged on Indebtedness; and |
• | the extension of coverage beyond the Maturity Date will not occur when the policy would fail the definition of life insurance under the Code. |
• | the value each year of the life insurance protection provided; |
• | an amount equal to any employer-paid Premiums; |
• | some or all of the amount by which the current value exceeds the employer's interest in the policy; and/or |
• | interest that is deemed to have been forgiven on a loan that Nationwide deems to have been made by the employer. |
• | remove, close, combine, or add Sub-Accounts and make new Sub-Accounts available; |
• | substitute shares of another mutual fund, which may have different fees and expenses, for shares of an existing mutual fund; |
• | transfer assets supporting the policies from one Sub-Account to another, or from one separate account to another; |
• | combine the separate account with other separate accounts, and/or create new separate accounts; |
• | deregister the separate account under the 1940 Act, or operate the separate account or any Sub-Account as a management investment company under the 1940 Act or as any other form permitted by law; and |
• | modify the policy provisions to reflect changes in the Sub-Accounts and the separate account to comply with applicable law. |
(1) | shares of a current underlying mutual fund are no longer available for investment; or |
(2) | further investment in an underlying mutual fund is inappropriate. |
Designations Key: | |
STTF: | The underlying mutual fund corresponding to this Sub-Account assesses (or reserves the right to assess) a short-term trading fee, see Short-Term Trading Fees. |
FF: | The underlying mutual fund corresponding to this Sub-Account primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to the prospectus for this underlying mutual fund for more information. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Capital growth. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Long-term capital growth with income as a secondary objective. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Long-term capital growth with income as a secondary objective. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | Seeks high total return (including income and capital gains) consistent with the preservation of capital over the long term. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | Seeks to provide as high a level of current income as is consistent with the preservation of capital. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | Seeks long-term growth of capital through investments in smaller companies in the U.S. and around the world. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | Seeks to provide you with growth of capital. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | Seeks to provide you with long-term growth of capital. |
Investment Advisor: | BlackRock Advisors, LLC |
Sub-advisor: | BlackRock Financial Management, Inc. |
Investment Objective: | The Fund seeks to maximize total return, consistent with income generation and prudent investment management. |
Investment Advisor: | BlackRock Advisors, LLC |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The investment objective of the Fund is to seek high total investment return (i.e. the combination of capital appreciation (from increases or decreases in the market value) and current income (from interest or dividends). |
Investment Advisor: | Davis Selected Advisors, L.P. |
Sub-advisor: | Davis Selected Advisors - NY, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Delaware Management Company, Inc. |
Investment Objective: | The Series seeks long-term capital appreciation. |
Investment Advisor: | Delaware Management Company, Inc. |
Investment Objective: | The fund seeks capital appreciation. |
Investment Advisor: | Deutsche Investment Management Americas Inc. |
Investment Objective: | High rate of total return. |
Investment Advisor: | Deutsche Investment Management Americas Inc. |
Investment Objective: | Long-term capital appreciation. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | The fund seeks investment results that are greater than the total return performance of publicly traded common stocks of medium-size domestic companies in the aggregate, as represented by the Standard & Poor's MidCap 400® Index (S&P 400 Index). |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | To match performance of the S&P SmallCap 600 Index®. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | To match performance of the S&P 500. |
Investment Advisor: | The Dreyfus Corporation |
Sub-advisor: | Fayez Sarofim & Co. |
Investment Objective: | The fund seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Eaton Vance Management |
Investment Objective: | The fund seeks to provide a high level of current income. |
Investment Advisor: | Federated Investment Management Company |
Investment Objective: | Current income. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | Seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Investments Money Management, Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Long-term capital appreciation. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Reasonable income. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited, Fidelity Investments Japan Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | Fidelity Investments Money Management, Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | High level of current income. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Franklin Mutual Advisers, LLC |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Franklin Advisory Services, LLC |
Investment Objective: | Long-term total return. |
Investment Advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | High current income, consistent with preservation of capital. Capital appreciation is a secondary consideration. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | High current income, consistent with preservation of capital, with capital appreciation as a secondary consideration. |
Investment Advisor: | Goldman Sachs Asset Management, L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Goldman Sachs Asset Management, L.P. |
Investment Objective: | Seeks long-term growth of capital. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | To seek long-term growth of capital and income. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Total return, comprised of current income and capital appreciation. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Capital growth. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide total return. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide growth of capital. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide total return through a combination of high current income and capital appreciation. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide growth of capital. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Sub-advisor: | Advantus Capital Management, Inc. |
Investment Objective: | To seek to provide total return through capital appreciation and current income. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term capital growth, consistent with preservation of capital and balanced by current income. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Maximum total return, consistent with preservation of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Sub-advisor: | Perkins Investment Management LLC ("Perkins") |
Investment Objective: | Capital appreciation. |
Investment Advisor: | J.P. Morgan Investment Management Inc. |
Investment Objective: | Capital appreciation with the secondary goal of achieving current income by investing primarily in equity securities. |
Investment Advisor: | J.P. Morgan Investment Management Inc. |
Investment Objective: | The Portfolio seeks capital growth over the long term. |
Investment Advisor: | Lazard Asset Management LLC |
Investment Objective: | Long-term capital appreciation. |
Investment Advisor: | Legg Mason Partners Fund Advisor, LLC |
Sub-advisor: | ClearBridge Investments, LLC |
Investment Objective: | The fund seeks long-term growth of capital. |
Investment Advisor: | Lincoln Investment Advisors Corporation (LIA) |
Sub-advisor: | BAMCO, Inc. |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Lord, Abbett & Co. LLC |
Investment Objective: | To seek high current income and the opportunity for capital appreciation to produce a high total return. |
Investment Advisor: | Lord, Abbett & Co. LLC |
Investment Objective: | Capital appreciation through investments, primarily in equity securities, which are believed to be undervalued in the market place. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | The fund's investment objective is to seek capital appreciation. MFS normally invests the fund's assets primarily in foreign equity securities, including emerging market equity securities. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Federated Investment Management Company |
Investment Objective: | The Fund seeks to provide high current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Barclays U.S. Aggregate Bond Index ("Aggregate Bond Index") as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Aggressive Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return through investment in both equity and fixed income securities. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The fund seeks a high level of total return consistent with a moderately conservative level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | The Boston Company Asset Management, LLC |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies located in emerging market countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The fund seeks as high level of income as is consistent with the preserving of capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Lazard Asset Management LLC |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies in Europe, Australasia, the Far East and other regions, including developing countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Morgan Stanley Capital International Europe, Australasia and Far East Index ("MSCI EAFE® Index") as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Morgan Stanley Capital International Europe, Australasia and Far East Index ("MSCI EAFE® Index") as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Aggressive Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Conservative Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Moderate Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Moderately Aggressive Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Moderately Conservative Fund seeks a high level of total return consistent with a moderately conservative level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Federated Investment Management Company |
Investment Objective: | The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Logan Circle Partners, L.P. |
Investment Objective: | The Fund seeks to provide above average total return over a market cycle of three to five years. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Massachusetts Financial Services Company; Pyramis Global Advisors LLC; and Winslow Capital Management, LLC |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Massachusetts Financial Services Company; Wellington Management Company, LLP; The Boston Company Asset Management, LLC |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Management LLC; Wells Capital Management, Inc. |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | American Century Investment Management, Inc.; Thompson, Siegel & Walmsley LLC; WEDGE Capital Management L.L.P. |
Investment Objective: | The fund seeks long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | OppenheimerFunds, Inc.; Wellington Management Company, LLP |
Investment Objective: | The Fund seeks capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Epoch Investment Partners, Inc.; JPMorgan Investment Management Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Morgan Stanley Investment Management Inc; Neuberger Berman Management LLC.; OppenheimerFunds, Inc.; Putnam Investment Management, LLC |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | HighMark Capital Management, Inc. |
Investment Objective: | The Fund seeks total return through a flexible combination of capital appreciation and current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Brookfield Investment Management, Inc. |
Investment Objective: | The Fund seeks current income and long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The Fund seeks to provide a high level of current income while preserving capital and minimizing fluctuations in share value. |
Investment Advisor: | Neuberger Berman Management LLC |
Sub-advisor: | Neuberger Berman, LLC |
Investment Objective: | Capital growth. |
Investment Advisor: | Neuberger Berman Management LLC |
Sub-advisor: | Neuberger Berman, LLC |
Investment Objective: | Growth of capital. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The investment seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Pacific Investment Management Company LLC |
Sub-advisor: | Research Affiliates |
Investment Objective: | Seeks maximum real return consistent with preservation of capital and prudent investment management. The portfolio seeks to achieve its investment objective by investing under normal circumstances substantially all of its assets in Institutional Class Shares of the Underlying PIMCO Funds |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum real return consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pioneer Investment Management, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Pioneer Investment Management, Inc. |
Investment Objective: | Maximize total return through a combination of income and capital appreciation. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Royce & Associates, LLC |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | The fund seeks to provide long-term capital growth. Income is a secondary objective. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | Substantial dividend income as well as long-term growth of capital through investments in the common stocks of established companies. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | Long-term growth of capital primarily in the common stocks of growth companies. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | Seeks capital appreciation and income from stocks and bonds. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | Seeks a high level of current income consistent with moderate fluctuations in principal value. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | High total return by investing primarily in fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | The Portfolio seeks to provide current income and capital appreciation. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | Long-term capital appreciation by investing primarily in growth-oriented equity securities of large capitalization companies. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | Long-term capital growth by investing primarily in common stocks and other equity securities. |
Investment Advisor: | Van Eck Associates Corporation |
Investment Objective: | Long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration. |
Investment Advisor: | Wells Fargo Funds Management, LLC |
Sub-advisor: | Wells Capital Management Inc. |
Investment Objective: | Seeks long-term capital appreciation. |
Investment Advisor: | Wells Fargo Funds Management, LLC |
Sub-advisor: | Wells Capital Management Inc. |
Investment Objective: | Seeks long-term capital appreciation. |
Accumulation Unit – The measure of an investment in, or share of, a Sub-Account. Accumulation Unit values are initially set at $10 for each Sub-Account. |
Attained Age – A person's Issue Age plus the number of full years since the Policy Date. |
Base Policy Specified Amount – The amount of insurance coverage selected under the base policy, excluding any Rider Specified Amount. |
Cash Surrender Value – The amount payable to the policy owner upon a full surrender of the policy. This amount is equal to the Enhanced Cash Value, minus Indebtedness and outstanding policy charges. |
Cash Value – The total of amounts allocated to the Sub-Accounts, the policy loan account, and the Fixed Account. |
Code – The Internal Revenue Code of 1986, as amended. |
Death Benefit – The amount paid upon the Insured's death, before the deduction of any Indebtedness or due and unpaid policy charges. |
Enhanced Cash Value – The sum of the policy's Cash Value plus the Enhancement Benefit, if applicable. |
Enhancement Benefit – An additional amount added to the policy's Cash Surrender Value upon a full surrender of the policy during the first six policy years, provided the qualifying conditions have been satisfied. |
Excess Premium – Any Premium applied to the policy that is not considered Target Premium. |
Fixed Account – An investment option that is funded by Nationwide's general account. |
Grace Period – A 61-day period after which the Policy will Lapse if sufficient payments are not made to prevent Lapse. |
In Force – Any time during which benefits are payable under the policy and any elected Rider(s). |
Indebtedness – The total amount of all outstanding policy loans, including principal and interest due. |
Insured – The person whose life is insured under the policy, and whose death triggers payment of the Death Benefit. |
Investment Experience – The market performance of a mutual fund/Sub-Account. |
Issue Age – A person's age based on their last birthday on or before the Policy Date. |
Lapse – The policy terminates without value. |
Maturity Date – The policy anniversary on which the Insured reaches 100. |
Minimum Required Death Benefit – The lowest Death Benefit that will qualify the policy as life insurance under the Code. |
Nationwide – Nationwide Life Insurance Company, us, we, or our. |
Net Amount At Risk – The policy's base Death Benefit minus the policy's Cash Value. |
Net Asset Value (NAV) – The price of each share of a mutual fund in which a Sub-Account invests. NAV is calculated by subtracting the mutual fund's liabilities from its total assets, and dividing that figure by the number of shares outstanding. Nationwide uses NAV to calculate the value of Accumulation Units. NAV does not reflect deductions made for charges taken from the Sub-Accounts. |
Net Premium – Premium after transaction charges, but before any allocation to an investment option. |
Policy Data Page(s) – The Policy Data Page(s) contains more detailed information about the policy, some of which is unique to the policy owner, the beneficiary, and the Insured. |
Policy Date – The date the policy takes effect as shown on the Policy Data Page. Policy years, months, and anniversaries are measured from this date. |
Policy Loan Account – An account used as collateral for policy loans. Amounts in this account will accrue and be credited daily interest at a rate not less than the stated interest crediting rate shown on the Policy Data Pages. |
Policy owner or Owner – The person or entity named as the owner on the application, or the person or entity assigned ownership rights. |
Policy Proceeds or Proceeds – The amount payable upon termination of the policy. Policy Proceeds may constitute the Death Benefit, the Maturity Proceeds, or the Cash Surrender Value upon a full surrender of the policy. |
Premium – Amount(s) paid to purchase and maintain the policy. |
Rider – An optional benefit purchased under the policy. Rider availability and Rider terms may vary depending on the state in which the policy was issued. |
Rider Specified Amount – The portion of the Total Specified Amount attributable to the Supplemental Insurance Rider. |
SEC – The Securities and Exchange Commission. |
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating to the policy. For service and transaction requests submitted other than by telephone (including fax requests), the Service Center is Nationwide's mail and document processing facility. For service and transaction requests communicated by telephone, the Service Center is Nationwide's operations processing facility, see Contacting the Service Center. |
Seven-Pay Premium (7-Pay Premium) – 100% of the unadjusted maximum annual premium allowed under the Code assuming that: (i) the policy is not a modified endowment contract; (ii) the policy's Death Benefit is equal to the Total Specified Amount, and (iii) seven level, annual premiums are paid; (iv) there are no premiums resulting from a Section 1035 exchange; and (v) there are no adjustments due to a state imposed requirement or underwriting Substandard Ratings. |
Sub-Account(s) – The mechanism used to account for allocations of Net Premium and Cash Value among the policy's variable investment options. |
Substandard Rating – An underwriting classification based on medical and/or non-medical factors used to determine what to charge for life insurance based on characteristics of the Insured beyond traditional factors for standard risks, which include age, sex, and smoking habits of the Insured. Substandard Ratings are shown in the Policy Data Pages as rate class multiples (medical factors) and/or monthly flat extras (medical and/or non-medical factors). The higher the rate class multiple or monthly flat extra, the greater the risk assessed and the higher the cost of coverage. |
Target Premium – The maximum amount of Premium the policy owner may pay to purchase Base Policy Specified Amount under Section 7702A of the Code and still have the policy treated as a life insurance contract for federal tax purposes. This is the maximum Premium that the policy owner may pay based on the "7-Pay method", which determines the limits on Premium payments in each of the first seven policy years. The actual amount is based on numerous factors which include the Issue Age of the Insured, Substandard Ratings (if any), and an adjustment for any Premium exchanged into the policy under Section 1035 of the Code. |
Total Specified Amount – The sum of the Base Policy Specified Amount and the Rider Specified Amount, if applicable. |
Valuation Period – The period during which Nationwide determines the change in the value of the Sub-Accounts. One Valuation Period ends and another begins with the close of trading on the NYSE. |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
10.00% | 0.00% | 5.00% (1) | |||
Yr
2 |
8.00% | 0.00% | 4.00% | |||
Yr
3 |
6.00% | 0.00% | 3.00% | |||
Yr
4 |
4.00% | 0.00% | 2.00% | |||
Yr
5+ |
2.00% | 0.00% | 1.00% |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
0.00% | 0.00% | 0.00% | |||
Yr
2-5 |
0.00% | 0.00% | 0.00% |
Ratio of Cash Value to 7-Pay Premium (on a monthly anniversary) | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Under
125% |
0.25% | 0.60% | 0.43% (2) | |||
125%-249% |
0.23% | 0.55% | 0.39% | |||
250%-374% |
0.20% | 0.50% | 0.35% | |||
375%-499% |
0.18% | 0.46% | 0.32% | |||
500%-649% |
0.16% | 0.42% | 0.29% |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
$12.00 (3) | $12.00 | $12.00 | |||
Yr
2 |
$ 12.00 | $12.00 | $12.00 | |||
Yr
3 |
$ 12.00 | $12.00 | $12.00 | |||
Yr
4 |
$ 12.00 | $12.00 | $12.00 | |||
Yr
5 |
$ 12.00 | $12.00 | $12.00 |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
0.082 | 0.160 | 0.121 | |||
Yr
2 |
0.101 | 0.174 | 0.138 | |||
Yr
3 |
0.120 | 0.190 | 0.155 | |||
Yr
4 |
0.140 | 0.207 | 0.174 | |||
Yr
5 |
0.163 | 0.225 | 0.194 |
(1) | Blended 5.00% = [50% x (Component B @ 10.00%)] plus [50% x (Component D @ 0%)] |
(2) | Blended 0.43% = [50% x (Component B @ 0.25%)] plus [50% x (Component D @ 0.60%)] |
(3) | $12.00 Total Specified Amount Charge = [(Total Specified Amount) ($0.08)/1,000] |
Component B | Component D | Blended
50% Component B and 50% Component D | ||||||||||
Policy Year | Target | Excess | Target | Excess | Target | Excess | ||||||
Yr
1 |
10.00% | 2.00% | 0.00% | 0.00% | 5.00% (4) | 1.00% | ||||||
Yr
2 |
8.00% | 2.00% | 0.00% | 0.00% | 4.00% | 1.00% | ||||||
Yr
3 |
6.00% | 2.00% | 0.00% | 0.00% | 3.00% | 1.00% | ||||||
Yr
4 |
4.00% | 2.00% | 0.00% | 0.00% | 2.00% | 1.00% | ||||||
Yr
5+ |
2.00% | 2.00% | 0.00% | 0.00% | 1.00% | 1.00% |
Component B | Component D | Blended
50% Component B and 50% Component D | ||||||||||
Policy Year | Target | Excess | Target | Excess | Target | Excess | ||||||
Yr
1 |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||
Yr
2-5 |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Ratio of Cash Value to 7-Pay Premium (on a monthly anniversary) | Base | Rider | 80/20
Blend Component B |
Base | Rider | 80/20
Blend Component D |
Base | Rider | 80/20
Blend | |||||||||||
Under
125% |
0.25% | 0.16% | 0.23% (5) | 0.60% | 0.30% | 0.54% | 0.43% | 0.23% | 0.39% (6) | |||||||||||
125%-249% |
0.23% | 0.15% | 0.21% | 0.55% | 0.27% | 0.49% | 0.39% | 0.21% | 0.35% | |||||||||||
250%-374% |
0.20% | 0.14% | 0.19% | 0.50% | 0.24% | 0.45% | 0.35% | 0.19% | 0.32% | |||||||||||
375%-499% |
0.18% | 0.13% | 0.17% | 0.46% | 0.22% | 0.41% | 0.32% | 0.18% | 0.29% | |||||||||||
500%-649% |
0.16% | 0.12% | 0.15% | 0.42% | 0.20% | 0.38% | 0.29% | 0.16% | 0.26% |
Policy Year | Base | Rider | 80/20
Blend Component B |
Base | Rider | 80/20
Blend Component D |
Base | Rider | 80/20
Blend | |||||||||
Yr
1 |
$12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | |||||||||
Yr
2 |
$12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | |||||||||
Yr
3 |
$12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | |||||||||
Yr
4 |
$12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | |||||||||
Yr
5 |
$12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 | $12.00 | $3.00 | $10.20 |
Policy Year | Base | Rider | 80/20
Blend Component B |
Base | Rider | 80/20
Blend Component D |
Base | Rider | 80/20
Blend | |||||||||
Yr
1 |
0.082 | 0.059 | 0.077 | 0.160 | 0.072 | 0.142 | 0.121 | 0.066 | 0.110 | |||||||||
Yr
2 |
0.101 | 0.068 | 0.094 | 0.174 | 0.078 | 0.155 | 0.138 | 0.073 | 0.125 | |||||||||
Yr
3 |
0.120 | 0.079 | 0.112 | 0.190 | 0.086 | 0.169 | 0.155 | 0.083 | 0.141 | |||||||||
Yr
4 |
0.139 | 0.092 | 0.130 | 0.207 | 0.093 | 0.184 | 0.173 | 0.093 | 0.157 | |||||||||
Yr
5 |
0.163 | 0.107 | 0.152 | 0.225 | 0.102 | 0.200 | 0.194 | 0.105 | 0.176 |
(4) | 5.00% Blended Premium Load on Target Premium = [50% x (Component B @ 10.00%)] plus [50% x (Component D @ 0%)] |
(5) | 0.23% Variable Sub-Account Asset Charge for Component B = [80% x (Base Policy @ 0.25%)] plus [20% x (Supplemental Insurance Rider @ 0.16%)] |
(6) | 0.39% Blended Variable Sub-Account Asset Charge = [50% x (Component B @ 0.23%)] plus [50% x (Component D @ 0.54%)] |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
10.00% | 0.00% | 5.00% (1) | |||
Yr
2 |
8.00% | 0.00% | 4.00% | |||
Yr
3 |
6.00% | 0.00% | 3.00% | |||
Yr
4 |
4.00% | 0.00% | 2.00% | |||
Yr
5+ |
2.00% | 0.00% | 1.00% |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
0.00% | 0.00% | 0.00% | |||
Yr
2-5 |
0.00% | 0.00% | 0.00% |
Ratio of Cash Value to 7-Pay Premium (on a monthly anniversary) | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Under
125% |
0.25% | 0.60% | 0.43% (2) | |||
125%-249% |
0.23% | 0.55% | 0.39% | |||
250%-374% |
0.20% | 0.50% | 0.35% | |||
375%-499% |
0.18% | 0.46% | 0.32% | |||
500%-649% |
0.18% | 0.46% | 0.32% |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
$16.00 (3) | $16.00 | $16.00 | |||
Yr
2 |
$ 16.00 | $16.00 | $16.00 | |||
Yr
3 |
$ 16.00 | $16.00 | $16.00 | |||
Yr
4 |
$ 16.00 | $16.00 | $16.00 | |||
Yr
5 |
$ 16.00 | $16.00 | $16.00 |
Policy Year | Component B | Component D | Blended
50% Component B and 50% Component D | |||
Yr
1 |
0.973 | 2.505 | 1.739 | |||
Yr
2 |
1.305 | 2.734 | 2.019 | |||
Yr
3 |
1.721 | 2.994 | 2.358 | |||
Yr
4 |
2.128 | 3.420 | 2.774 | |||
Yr
5 |
2.539 | 3.652 | 3.096 |
(1) | Blended 5.00% = [50% x (Component B @ 10.00%)] plus [50% x (Component D @ 0%)] |
(2) | Blended 0.43% = [50% x (Component B @ 0.25%)] plus [50% x (Component D @ 0.60%)] |
(3) | $16.00 Total Specified Amount Charge = [(the first $50,000 of Total Specified Amount) x (.0003) plus (the Total Specified Amount in excess of $50,000 of $100,000) x (.00001)] |
Component B | Component D | Blended
50% Comp B and 50% Comp D | ||||||||||
Policy Year | Target | Excess | Target | Excess | Target | Excess | ||||||
Yr
1 |
10.00% | 2.00% | 0.00% | 0.00% | 5.00% (4) | 1.00% | ||||||
Yr
2 |
8.00% | 2.00% | 0.00% | 0.00% | 4.00% | 1.00% | ||||||
Yr
3 |
6.00% | 2.00% | 0.00% | 0.00% | 3.00% | 1.00% | ||||||
Yr
4 |
4.00% | 2.00% | 0.00% | 0.00% | 2.00% | 1.00% | ||||||
Yr
5+ |
2.00% | 2.00% | 0.00% | 0.00% | 1.00% | 1.00% |
Component B | Component D | Blended
50% Comp B and 50% Comp D | ||||||||||
Policy Year | Target | Excess | Target | Excess | Target | Excess | ||||||
Yr
1 |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||
Yr
2-5 |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Ratio of Cash Value to 7-Pay Premium (on a monthly anniversary) | Base | Rider | 80/20
Blend Component B |
Base | Rider | 80/20
Blend Component D |
Base | Rider | 80/20
Blend | |||||||||||
Under
125% |
0.25% | 0.16% | 0.23% (5) | 0.60% | 0.30% | 0.54% | 0.43% | 0.23% | 0.39% (6) | |||||||||||
125%-249% |
0.23% | 0.15% | 0.21% | 0.55% | 0.27% | 0.49% | 0.39% | 0.21% | 0.35% | |||||||||||
250%-374% |
0.20% | 0.14% | 0.19% | 0.50% | 0.24% | 0.45% | 0.35% | 0.19% | 0.32% | |||||||||||
375%-499% |
0.18% | 0.13% | 0.17% | 0.46% | 0.22% | 0.41% | 0.32% | 0.18% | 0.29% | |||||||||||
500%-649% |
0.18% | 0.13% | 0.17% | 0.46% | 0.22% | 0.41% | 0.32% | 0.18% | 0.29% |
Policy Year | Base | Rider | 80/20
Blend Component B |
Base | Rider | 80/20
Blend Component D |
Base | Rider | 80/20
Blend | |||||||||
Yr
1 |
$16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | |||||||||
Yr
2 |
$16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | |||||||||
Yr
3 |
$16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | |||||||||
Yr
4 |
$16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | |||||||||
Yr
5 |
$16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 | $16.00 | $3.50 | $13.50 |
Policy Year | Base | Rider | 80/20
Blend Component B |
Base | Rider | 80/20
Blend Component D |
Base | Rider | 80/20
Blend | |||||||||
Yr
1 |
0.973 | 1.248 | n/a | 2.505 | 0.703 | n/a | 1.739 | 0.976 | n/a | |||||||||
Yr
2 |
1.305 | 1.409 | n/a | 2.734 | 0.820 | n/a | 2.019 | 1.115 | n/a | |||||||||
Yr
3 |
1.721 | 1.621 | n/a | 2.994 | 1.218 | n/a | 2.358 | 1.420 | n/a | |||||||||
Yr
4 |
2.128 | 1.792 | n/a | 3.420 | 1.659 | n/a | 2.774 | 1.725 | n/a | |||||||||
Yr
5 |
2.539 | 2.100 | n/a | 3.652 | 2.268 | n/a | 3.096 | 2.184 | n/a |
(4) | 5.00% Blended Premium Load on Target Premium =[50% x (Component B @ 10.00%)] plus [50% x (Component D @ 0%)] |
(5) | 0.23% Variable Sub-Account Asset Charge for Component B =[80% x (Base Policy @ 0.25%)] plus [20% x (Supplemental Insurance Rider @ 0.16%)] |
(6) | 0.39% Blended Variable Sub-Account Asset Charge =[50% x (Component B @ 0.23%)] plus [50% x (Component D @ 0.54%)] |
• | by telephone at 1-877-351-8808 (TDD: 1-800-238-3035) |
• | by
mail to Nationwide Life Insurance Company Nationwide Business Solutions Group One Nationwide Plaza, 1-11-401 Columbus, OH 43215-2220 |
Report of Independent Registered Public Accounting Firm
The Board of Directors of Nationwide Life Insurance Company and Subsidiaries and Contract Owners of Nationwide VLI Separate Account-4:
We have audited the accompanying statement of assets, liabilities and contract owners equity of Nationwide VLI Separate Account-4 (comprised of the sub-accounts listed in note 1(b), (collectively, the Accounts)) as of December 31, 2014, and the related statements of operations for the period then ended, the statements of changes in contract owners equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Accounts management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2014, by correspondence with the transfer agents of the underlying mutual funds or by other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Accounts as of December 31, 2014, the results of their operations for the period then ended, the changes in contract owners equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
/s/ KPMG LLP
Columbus, Ohio
March 13, 2015
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
Assets: | ||||||
Investments at fair value: |
||||||
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA) |
||||||
3,901 shares (cost $44,841) | $ 45,802 | |||||
VP Inflation Protection Fund - Class I (ACVIP1) |
||||||
81,288 shares (cost $861,443) | 847,830 | |||||
Asset Allocation Fund - Class 2 (AMVAA2) |
||||||
143,388 shares (cost $2,970,353) | 3,163,139 | |||||
Bond Fund - Class 2 (AMVBD2) |
||||||
6,485,040 shares (cost $71,976,762) | 71,011,185 | |||||
Global Small Capitalization Fund - Class 2 (AMVGS2) |
||||||
97,940 shares (cost $2,329,453) | 2,511,190 | |||||
Growth Fund - Class 2 (AMVGR2) |
||||||
310,939 shares (cost $19,379,185) | 24,825,392 | |||||
International Fund - Class 2 (AMVI2) |
||||||
230,579 shares (cost $4,533,194) | 4,678,457 | |||||
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI) |
||||||
66,829 shares (cost $508,555) | 497,207 | |||||
Large Cap Core V.I. Fund - Class II (MLVLC2) |
||||||
86,742 shares (cost $2,567,281) | 2,885,891 | |||||
Global Allocation V.I. Fund - Class II (MLVGA2) |
||||||
682,268 shares (cost $11,222,163) | 11,039,090 | |||||
VP S&P 500 Index Portfolio (CVSPIP) |
||||||
3,997 shares (cost $475,560) | 451,937 | |||||
Value Portfolio (DAVVL) |
||||||
255,179 shares (cost $3,114,762) | 2,888,625 | |||||
VIP Emerging Markets Series: Service Class (DWVEMS) |
||||||
58,983 shares (cost $1,246,754) | 1,148,983 | |||||
VIP Small Cap Value Series: Service Class (DWVSVS) |
||||||
368,933 shares (cost $14,223,806) | 14,786,816 | |||||
Stock Index Fund, Inc. - Initial Shares (DSIF) |
||||||
9,534,092 shares (cost $290,022,524) | 428,938,790 | |||||
Socially Responsible Growth Fund Inc - Initial Shares (DSRG) |
||||||
284,881 shares (cost $7,922,676) | 13,095,979 | |||||
Floating-Rate Income Fund (ETVFR) |
||||||
7,290,469 shares (cost $68,536,554) | 66,999,408 | |||||
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1) |
||||||
645,786 shares (cost $12,352,874) | 11,985,783 | |||||
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS) |
||||||
3,146 shares (cost $36,959) | 37,183 | |||||
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1) |
||||||
856,988 shares (cost $3,825,761) | 4,953,393 | |||||
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1) |
||||||
32,264 shares (cost $408,075) | 396,849 | |||||
Mid Cap Value Portfolio: Class 1 (JPMMV1) |
||||||
937,765 shares (cost $9,289,523) | 10,699,901 | |||||
Balanced Portfolio: Service Shares (JABS) |
||||||
763,241 shares (cost $22,906,229) | 25,164,070 | |||||
Flexible Bond Portfolio: Service Shares (JAFBS) |
||||||
338,958 shares (cost $4,443,664) | 4,399,671 | |||||
Forty Portfolio: Service Shares (JACAS) |
||||||
1,139,013 shares (cost $42,131,109) | 44,660,688 | |||||
Global Technology Portfolio: Service Shares (JAGTS) |
||||||
1,793,223 shares (cost $11,239,724) | 15,349,987 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
Overseas Portfolio: Service Shares (JAIGS) |
||||||
927,306 shares (cost $35,602,184) | $ | 29,256,512 | ||||
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS) |
||||||
106,167 shares (cost $1,941,561) | 1,952,409 | |||||
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS) |
||||||
1,349,536 shares (cost $28,930,402) | 26,936,729 | |||||
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV) |
||||||
42,325 shares (cost $864,764) | 1,101,295 | |||||
Investors Growth Stock Series - Initial Class (MIGIC) |
||||||
216,410 shares (cost $2,453,312) | 3,471,211 | |||||
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC) |
||||||
32,737 shares (cost $616,576) | 534,270 | |||||
New Discovery Series - Service Class (MNDSC) |
||||||
71,588 shares (cost $1,281,384) | 1,095,292 | |||||
Research International Series - Service Class (MVRISC) |
||||||
215,570 shares (cost $2,583,600) | 2,832,586 | |||||
Value Series - Initial Class (MVFIC) |
||||||
492,423 shares (cost $7,226,299) | 10,015,888 | |||||
Value Series - Service Class (MVFSC) |
||||||
1,385,506 shares (cost $22,410,922) | 27,779,399 | |||||
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC) |
||||||
2,827,689 shares (cost $50,926,478) | 60,625,657 | |||||
Core Plus Fixed Income Portfolio - Class I (MSVFI) |
||||||
160,860 shares (cost $1,648,079) | 1,717,988 | |||||
Emerging Markets Debt Portfolio - Class I (MSEM) |
||||||
4,801,141 shares (cost $40,557,953) | 38,169,069 | |||||
Global Real Estate Portfolio - Class II (VKVGR2) |
||||||
453,849 shares (cost $4,394,733) | 4,797,181 | |||||
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG) |
||||||
1,042,212 shares (cost $12,388,470) | 13,267,353 | |||||
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG) |
||||||
41,676 shares (cost $1,115,280) | 1,280,700 | |||||
U.S. Real Estate Portfolio - Class I (MSVRE) |
||||||
1,014,621 shares (cost $15,718,087) | 20,424,323 | |||||
NVIT International Index Fund Class I (NVIX) |
||||||
1,268,369 shares (cost $12,578,655) | 11,440,688 | |||||
NVIT Bond Index Fund Class I (NVBX) |
||||||
5,421,330 shares (cost $58,585,773) | 57,954,016 | |||||
NVIT Cardinal Managed Growth Class I (NCPG) |
||||||
4,169 shares (cost $44,607) | 43,315 | |||||
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI) |
||||||
1 shares (cost $6) | 6 | |||||
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1) |
||||||
2,135,875 shares (cost $32,120,015) | 40,923,357 | |||||
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2) |
||||||
324,101 shares (cost $6,228,072) | 8,070,117 | |||||
American Funds NVIT Bond Fund - Class II (GVABD2) |
||||||
134,021 shares (cost $1,519,462) | 1,545,266 | |||||
American Funds NVIT Global Growth Fund - Class II (GVAGG2) |
||||||
212,285 shares (cost $5,205,759) | 6,534,147 | |||||
American Funds NVIT Growth Fund - Class II (GVAGR2) |
||||||
115,334 shares (cost $6,522,694) | 9,693,862 | |||||
American Funds NVIT Growth-Income Fund - Class II (GVAGI2) |
||||||
56,498 shares (cost $2,196,355) | 3,335,092 | |||||
Federated NVIT High Income Bond Fund - Class I (HIBF) |
||||||
3,201,300 shares (cost $22,372,267) | 21,288,648 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
NVIT Emerging Markets Fund - Class I (GEM) |
||||||
1,283,074 shares (cost $14,583,256) | $ | 14,126,639 | ||||
NVIT International Equity Fund - Class I (GIG) |
||||||
1,528,763 shares (cost $15,806,575) | 15,746,263 | |||||
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6) |
||||||
24,228 shares (cost $197,976) | 247,609 | |||||
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1) |
||||||
1,654,567 shares (cost $14,293,091) | 16,793,857 | |||||
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1) |
||||||
21,115 shares (cost $321,305) | 348,822 | |||||
NVIT Cardinal Aggressive Fund - Class I (NVCRA1) |
||||||
381,853 shares (cost $3,973,481) | 4,162,192 | |||||
NVIT Cardinal Balanced Fund - Class I (NVCRB1) |
||||||
14,552,259 shares (cost $150,166,427) | 172,735,316 | |||||
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1) |
||||||
592,278 shares (cost $6,776,264) | 7,154,713 | |||||
NVIT Cardinal Conservative Fund - Class I (NVCCN1) |
||||||
516,472 shares (cost $5,651,008) | 5,500,422 | |||||
NVIT Cardinal Moderate Fund - Class I (NVCMD1) |
||||||
617,195 shares (cost $6,808,382) | 7,424,850 | |||||
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1) |
||||||
640,501 shares (cost $6,658,786) | 7,122,374 | |||||
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1) |
||||||
334,858 shares (cost $3,821,183) | 3,837,473 | |||||
NVIT Core Bond Fund - Class I (NVCBD1) |
||||||
90,726 shares (cost $1,014,252) | 990,728 | |||||
NVIT Core Plus Bond Fund - Class I (NVLCP1) |
||||||
214,595 shares (cost $2,443,646) | 2,457,109 | |||||
NVIT Nationwide Fund - Class I (TRF) |
||||||
7,755,341 shares (cost $72,327,921) | 113,383,078 | |||||
NVIT Government Bond Fund - Class I (GBF) |
||||||
5,757,068 shares (cost $66,765,731) | 63,730,747 | |||||
American Century NVIT Growth Fund - Class I (CAF) |
||||||
762,652 shares (cost $9,906,786) | 17,014,777 | |||||
NVIT International Index Fund - Class II (GVIX2) |
||||||
381,146 shares (cost $3,735,537) | 3,430,313 | |||||
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA) |
||||||
1,894,606 shares (cost $18,308,347) | 24,497,251 | |||||
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2) |
||||||
127,179 shares (cost $1,802,468) | 1,967,458 | |||||
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2) |
||||||
37,369 shares (cost $646,268) | 665,922 | |||||
NVIT Investor Destinations Conservative Fund - Class II (GVIDC) |
||||||
1,052,253 shares (cost $11,052,087) | 10,974,997 | |||||
NVIT Investor Destinations Moderate Fund - Class II (GVIDM) |
||||||
5,240,469 shares (cost $51,357,275) | 70,012,660 | |||||
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA) |
||||||
6,235,469 shares (cost $66,369,575) | 86,485,955 | |||||
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC) |
||||||
1,405,438 shares (cost $14,615,677) | 16,724,712 | |||||
NVIT Mid Cap Index Fund - Class I (MCIF) |
||||||
3,216,653 shares (cost $61,902,202) | 80,705,832 | |||||
NVIT Money Market Fund - Class I (SAM) |
||||||
56,186,717 shares (cost $56,186,717) | 56,186,717 | |||||
NVIT Money Market Fund - Class V (SAM5) |
||||||
166,552,616 shares (cost $166,552,616) | 166,552,616 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1) |
||||
1,449,629 shares (cost $17,455,800) |
$ | 16,076,385 | ||
NVIT Multi-Manager International Value Fund - Class I (GVDIVI) |
||||
530,250 shares (cost $5,936,463) |
5,344,921 | |||
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1) |
||||
888,122 shares (cost $9,024,144) |
11,927,482 | |||
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1) |
||||
664,343 shares (cost $6,435,235) |
7,832,602 | |||
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1) |
||||
2,759,777 shares (cost $25,888,131) |
34,718,000 | |||
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1) |
||||
77,558 shares (cost $948,041) |
915,964 | |||
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2) |
||||
1,283,746 shares (cost $13,031,808) |
15,199,550 | |||
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF) |
||||
714,193 shares (cost $11,642,962) |
14,983,777 | |||
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF) |
||||
2,497,680 shares (cost $26,920,153) |
39,613,202 | |||
NVIT Multi-Manager Small Company Fund - Class I (SCF) |
||||
1,956,691 shares (cost $35,054,749) |
45,884,409 | |||
NVIT Multi-Sector Bond Fund - Class I (MSBF) |
||||
1,266,674 shares (cost $11,447,427) |
11,552,064 | |||
NVIT Short Term Bond Fund - Class I (NVSTB1) |
||||
2,433,580 shares (cost $25,639,257) |
25,333,568 | |||
NVIT Short Term Bond Fund - Class II (NVSTB2) |
||||
182,679 shares (cost $1,916,310) |
1,894,377 | |||
NVIT Large Cap Growth Fund - Class I (NVOLG1) |
||||
5,824,110 shares (cost $93,858,901) |
132,440,271 | |||
Templeton NVIT International Value Fund - Class III (NVTIV3) |
||||
37,280 shares (cost $478,883) |
452,207 | |||
Invesco NVIT Comstock Value Fund - Class I (EIF) |
||||
744,627 shares (cost $8,156,563) |
12,375,705 | |||
NVIT Real Estate Fund - Class I (NVRE1) |
||||
4,633,982 shares (cost $39,046,196) |
39,249,828 | |||
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP) |
||||
2,221 shares (cost $26,545) |
25,809 | |||
Loring Ward NVIT Moderate Fund - Class P (NVLMP) |
||||
192 shares (cost $2,212) |
2,189 | |||
NVIT Small Cap Index Fund Class II (NVSIX2) |
||||
17,533 shares (cost $244,562) |
243,005 | |||
NVIT S&P 500 Index Fund Class I (GVEX1) |
||||
113,876 shares (cost $1,564,962) |
1,629,560 | |||
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3) |
||||
9 shares (cost $106) |
106 | |||
VPS Growth and Income Portfolio - Class A (ALVGIA) |
||||
776,035 shares (cost $19,049,549) |
23,312,077 | |||
VPS International Value Portfolio - Class A (ALVIVA) |
||||
627,515 shares (cost $8,482,167) |
8,490,275 | |||
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA) |
||||
911,781 shares (cost $18,445,698) |
20,013,603 | |||
VP Capital Appreciation Fund - Class I (ACVCA) |
||||
102,209 shares (cost $1,458,612) |
1,606,730 | |||
VP Income & Growth Fund - Class I (ACVIG) |
||||
2,307,688 shares (cost $15,779,121) |
23,330,726 | |||
VP Inflation Protection Fund - Class II (ACVIP2) |
||||
1,203,805 shares (cost $13,818,643) |
12,507,537 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
VP International Fund - Class I (ACVI) | ||||||
185,272 shares (cost $1,660,492) | $ | 1,849,010 | ||||
VP Mid Cap Value Fund - Class I (ACVMV1) | ||||||
674,372 shares (cost $11,158,656) | 13,379,537 | |||||
VP Ultra(R) Fund - Class I (ACVU1) | ||||||
99,119 shares (cost $1,181,522) | 1,598,789 | |||||
VP Value Fund - Class I (ACVV) | ||||||
2,726,490 shares (cost $21,859,913) | 25,656,269 | |||||
MidCap Stock Portfolio - Initial Shares (DVMCS) | ||||||
149,182 shares (cost $2,825,108) | 3,435,651 | |||||
Small Cap Stock Index Portfolio - Service Shares (DVSCS) | ||||||
5,106,472 shares (cost $75,690,358) | 93,959,083 | |||||
Appreciation Portfolio - Initial Shares (DCAP) | ||||||
564,295 shares (cost $22,950,617) | 27,938,261 | |||||
Opportunistic Small Cap Portfolio: Initial Shares (DSC) | ||||||
22,342 shares (cost $823,956) | 1,067,514 | |||||
International Value Portfolio - Initial Shares (DVIV) | ||||||
522,431 shares (cost $5,453,697) | 5,511,650 | |||||
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB) | ||||||
40,155 shares (cost $655,526) | 713,554 | |||||
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB) | ||||||
8,943 shares (cost $118,293) | 155,608 | |||||
Managed Tail Risk Fund II: Primary Shares (FVCA2P) | ||||||
142,754 shares (cost $845,220) | 792,283 | |||||
Quality Bond Fund II - Primary Shares (FQB) | ||||||
2,450,734 shares (cost $27,687,530) | 27,987,381 | |||||
VIP Contrafund(R) Portfolio - Service Class (FCS) | ||||||
1,615,880 shares (cost $44,592,293) | 60,159,209 | |||||
VIP Energy Portfolio - Service Class 2 (FNRS2) | ||||||
393,971 shares (cost $8,519,800) | 8,025,179 | |||||
VIP Equity-Income Portfolio - Service Class (FEIS) | ||||||
2,610,999 shares (cost $49,126,020) | 63,133,958 | |||||
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S) | ||||||
201,920 shares (cost $2,288,763) | 2,509,862 | |||||
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S) | ||||||
1,761,012 shares (cost $20,983,891) | 22,435,298 | |||||
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S) | ||||||
768,479 shares (cost $9,013,066) | 9,982,543 | |||||
VIP Freedom Income Fund Portfolio - Service Class (FFINS) | ||||||
94,226 shares (cost $1,010,445) | 1,039,315 | |||||
VIP Growth Opportunities Portfolio - Service Class (FGOS) | ||||||
90,197 shares (cost $2,138,604) | 3,017,989 | |||||
VIP Growth Portfolio - Service Class (FGS) | ||||||
1,404,012 shares (cost $54,225,583) | 88,902,055 | |||||
VIP High Income Portfolio - Service Class (FHIS) | ||||||
2,282,639 shares (cost $13,030,096) | 12,531,687 | |||||
VIP High Income Portfolio - Service Class R (FHISR) | ||||||
739,036 shares (cost $4,187,300) | 4,035,139 | |||||
VIP Index 500 Portfolio - Initial Class (FIP) | ||||||
167,178 shares (cost $24,624,581) | 34,793,004 | |||||
VIP Investment Grade Bond Portfolio - Service Class (FIGBS) | ||||||
12,002,276 shares (cost $154,512,409) | 151,948,813 | |||||
VIP Mid Cap Portfolio - Service Class (FMCS) | ||||||
1,342,573 shares (cost $43,618,703) | 50,265,918 | |||||
VIP Overseas Portfolio - Service Class (FOS) | ||||||
516,756 shares (cost $8,731,080) | 9,627,164 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
VIP Overseas Portfolio - Service Class R (FOSR) |
||||||
603,802 shares (cost $9,337,597) | $ | 11,224,675 | ||||
VIP Value Strategies Portfolio - Service Class (FVSS) |
||||||
368,026 shares (cost $3,910,966) | 5,579,275 | |||||
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S) |
||||||
7,879 shares (cost $91,900) | 91,633 | |||||
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S) |
||||||
727,007 shares (cost $9,052,192) | 9,131,209 | |||||
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S) |
||||||
831,899 shares (cost $10,334,243) | 10,931,158 | |||||
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S) |
||||||
302,939 shares (cost $5,152,639) | 5,646,788 | |||||
Franklin Income Securities Fund - Class 2 (FTVIS2) |
||||||
419,414 shares (cost $6,582,235) | 6,710,624 | |||||
Rising Dividends Securities Fund - Class 1 (FTVRDI) |
||||||
578,870 shares (cost $13,270,952) | 17,151,914 | |||||
Small Cap Value Securities Fund - Class 1 (FTVSVI) |
||||||
468,817 shares (cost $7,097,642) | 10,693,717 | |||||
Small Cap Value Securities Fund - Class 2 (FTVSV2) |
||||||
506,357 shares (cost $10,359,817) | 11,301,889 | |||||
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2) |
||||||
21,004 shares (cost $479,881) | 464,395 | |||||
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2) |
||||||
346,835 shares (cost $3,435,453) | 3,190,880 | |||||
Templeton Foreign Securities Fund - Class 1 (TIF) |
||||||
80,102 shares (cost $1,190,329) | 1,228,769 | |||||
Templeton Foreign Securities Fund - Class 2 (TIF2) |
||||||
1,661,585 shares (cost $26,366,025) | 25,006,854 | |||||
Templeton Global Bond Securities Fund - Class 2 (FTVGI2) |
||||||
745,200 shares (cost $13,936,492) | 13,406,145 | |||||
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2) |
||||||
99,874 shares (cost $743,422) | 741,068 | |||||
Mid Cap Value- Institutional Shares (GVMCE) |
||||||
3,643,039 shares (cost $56,469,158) | 63,498,167 | |||||
Goldman Sachs Structured Small Cap Equity Fund (GVCSE) |
||||||
2,906 shares (cost $43,887) | 39,720 | |||||
VIT Growth Opportunities Fund - Service Shares (GVGOPS) |
||||||
164,443 shares (cost $1,434,203) | 1,264,569 | |||||
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG) |
||||||
403,548 shares (cost $9,120,736) | 9,039,481 | |||||
Baron Growth Opportunities Fund Service Class (BNCAI) |
||||||
219,440 shares (cost $9,180,422) | 10,321,128 | |||||
Short Duration Bond Portfolio - I Class Shares (AMTB) |
||||||
352,019 shares (cost $3,906,313) | 3,752,523 | |||||
Guardian Portfolio - I Class Shares (AMGP) |
||||||
44,602 shares (cost $1,043,308) | 1,074,471 | |||||
Mid-Cap Growth Portfolio - I Class Shares (AMCG) |
||||||
117,253 shares (cost $3,159,078) | 2,872,704 | |||||
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP) |
||||||
71,632 shares (cost $1,020,843) | 1,174,049 | |||||
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI) |
||||||
302,080 shares (cost $4,211,126) | 5,398,173 | |||||
Small-Cap Growth Portfolio - S Class Shares (AMFAS) |
||||||
93,979 shares (cost $1,628,854) | 1,685,051 | |||||
Socially Responsive Portfolio - I Class Shares (AMSRS) |
||||||
105,375 shares (cost $1,566,864) | 2,516,357 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
Capital Appreciation Fund/VA - Non-Service Shares (OVGR) |
||||||
244,973 shares (cost $11,307,463) | $ | 15,891,428 | ||||
Global Securities Fund/VA - Non-Service Shares (OVGS) |
||||||
1,934,228 shares (cost $63,292,279) | 76,402,019 | |||||
International Growth Fund/VA - Non-Service Shares (OVIG) |
||||||
1,346,398 shares (cost $3,376,765) | 3,110,180 | |||||
Main Street Fund(R)/VA - Non-Service Shares (OVGI) |
||||||
953,498 shares (cost $20,558,442) | 32,047,055 | |||||
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC) |
||||||
271,123 shares (cost $6,138,238) | 7,201,018 | |||||
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG) |
||||||
338,159 shares (cost $15,583,920) | 26,653,659 | |||||
Global Strategic Income Fund/VA: Non-service Shares (OVSB) |
||||||
4,015,260 shares (cost $21,738,298) | 21,280,876 | |||||
All Asset Portfolio - Administrative Class (PMVAAA) |
||||||
2,641,890 shares (cost $29,538,279) | 27,369,980 | |||||
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA) |
||||||
7,641 shares (cost $43,454) | 37,137 | |||||
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA) |
||||||
130,655 shares (cost $1,435,556) | 1,375,793 | |||||
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA) |
||||||
210,504 shares (cost $2,288,755) | 2,536,568 | |||||
Low Duration Portfolio - Administrative Class (PMVLDA) |
||||||
6,104,920 shares (cost $65,097,823) | 64,590,053 | |||||
Real Return Portfolio - Administrative Class (PMVRRA) |
||||||
7,495,095 shares (cost $104,091,409) | 96,012,168 | |||||
Total Return Portfolio - Administrative Class (PMVTRA) |
||||||
15,083,410 shares (cost $171,565,696) | 168,934,192 | |||||
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI) |
||||||
37,990 shares (cost $938,163) | 824,014 | |||||
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1) |
||||||
566,880 shares (cost $5,930,259) | 5,470,388 | |||||
VT Growth & Income Fund: Class IB (PVGIB) |
||||||
41,448 shares (cost $852,587) | 1,082,633 | |||||
VT International Equity Fund: Class IB (PVTIGB) |
||||||
84,234 shares (cost $977,844) | 1,111,887 | |||||
VT Small Cap Value Fund: Class IB (PVTSCB) |
||||||
44,566 shares (cost $781,693) | 736,676 | |||||
VT Voyager Fund: Class IB (PVTVB) |
||||||
29,036 shares (cost $1,210,837) | 1,598,166 | |||||
VI Growth and Income Fund - Series I Shares (ACGI) |
||||||
210,528 shares (cost $4,901,599) | 5,294,786 | |||||
VI American Franchise Fund - Series I Shares (ACEG) |
||||||
20,205 shares (cost $826,729) | 1,108,829 | |||||
VI Value Opportunities Fund - Series I Shares (AVBVI) |
||||||
55,316 shares (cost $411,244) | 544,306 | |||||
VI High Yield Fund - Series I Shares (AVHY1) |
||||||
2,802,313 shares (cost $15,843,346) | 15,496,788 | |||||
VI International Growth Fund - Series I Shares (AVIE) |
||||||
1,682,119 shares (cost $51,993,240) | 58,655,475 | |||||
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI) |
||||||
31,469 shares (cost $461,668) | 442,459 | |||||
Micro-Cap Portfolio - Investment Class (ROCMC) |
||||||
992,014 shares (cost $11,371,930) | 11,279,201 | |||||
Variable Fund - Multi-Hedge Strategies (RVARS) |
||||||
33,172 shares (cost $757,204) | 789,837 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
Equity Income Portfolio - II (TREI2) |
||||||
2,469,604 shares (cost $58,172,626) | $ | 73,939,933 | ||||
Health Sciences Portfolio - II (TRHS2) |
||||||
858,930 shares (cost $23,921,942) | 31,136,213 | |||||
Limited-Term Bond Portfolio (TRLT1) |
||||||
3,509,529 shares (cost $17,218,875) | 17,126,501 | |||||
Mid-Cap Growth Portfolio - II (TRMCG2) |
||||||
1,269,532 shares (cost $30,896,788) | 34,378,929 | |||||
New America Growth Portfolio (TRNAG1) |
||||||
1,731,507 shares (cost $43,461,267) | 43,114,533 | |||||
Personal Strategy Balanced Portfolio (TRPSB1) |
||||||
200,062 shares (cost $4,265,871) | 4,113,275 | |||||
Blue Chip Growth Portfolio (TRBCGP) |
||||||
1,335,732 shares (cost $25,909,155) | 27,676,372 | |||||
VIP Trust Emerging Markets Fund - Initial Class (VWEM) |
||||||
1,081,757 shares (cost $13,901,585) | 14,008,756 | |||||
VIP Trust Global Hard Assets Fund - Initial Class (VWHA) |
||||||
1,223,499 shares (cost $36,834,946) | 31,040,162 | |||||
Variable Insurance Fund - Balanced Portfolio (VVB) |
||||||
296,725 shares (cost $6,165,223) | 7,118,427 | |||||
Variable Insurance Fund - Diversified Value Portfolio (VVDV) |
||||||
879,369 shares (cost $12,418,385) | 16,400,239 | |||||
Variable Insurance Fund - International Portfolio (VVI) |
||||||
208,293 shares (cost $3,867,698) | 4,297,090 | |||||
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI) |
||||||
731,509 shares (cost $12,349,623) | 16,451,636 | |||||
Variable Insurance Fund - REIT Index Portfolio (VVREI) |
||||||
682,648 shares (cost $8,300,309) | 9,673,127 | |||||
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC) |
||||||
475,789 shares (cost $5,095,311) | 5,057,637 | |||||
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG) |
||||||
171,957 shares (cost $4,009,965) | 4,151,044 | |||||
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB) |
||||||
1,322,956 shares (cost $15,943,720) | 15,968,084 | |||||
Variable Insurance Portfolios - Asset Strategy (WRASP) |
||||||
1,368,772 shares (cost $14,864,493) | 14,876,220 | |||||
Variable Insurance Portfolios - Growth (WRGP) |
||||||
282,915 shares (cost $3,283,619) | 3,418,436 | |||||
Variable Insurance Portfolios - High Income (WRHIP) |
||||||
11,380,581 shares (cost $45,899,629) | 43,822,064 | |||||
Variable Insurance Portfolios - Mid Cap Growth (WRMCG) |
||||||
448,363 shares (cost $4,710,639) | 4,862,276 | |||||
Variable Insurance Portfolios - Real Estate Securities (WRRESP) |
||||||
834,758 shares (cost $7,116,825) | 8,001,318 | |||||
Variable Insurance Portfolios - Science and Technology (WRSTP) |
||||||
680,375 shares (cost $16,369,127) | 17,025,165 | |||||
Advantage VT Discovery Fund (SVDF) |
||||||
497,109 shares (cost $13,397,839) | 15,266,229 | |||||
Advantage VT Opportunity Fund - Class 2 (SVOF) |
||||||
319,626 shares (cost $6,988,887) | 9,224,417 | |||||
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG) |
||||||
640,360 shares (cost $5,913,940) | 6,377,982 | |||||
|
|
|||||
Total Investments |
$ | 4,739,479,698 | ||||
Other Accounts Receivable |
780,840 | |||||
Accounts Receivable-Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP) |
480 | |||||
Accounts Receivable-NVIT Money Market Fund - Class I (SAM) |
161,421 |
(Continued)
NW VLI SEPARATE ACCT-4
STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
December 31, 2014
Accounts Payable-VP International Fund - Class I (ACVI) |
$ | (10,769 | ) | |
Accounts Payable-VP Inflation Protection Fund - Class I (ACVIP1) |
(1,920 | ) | ||
Accounts Payable-Mid-Cap Growth Portfolio - I Class Shares (AMCG) |
(1,013 | ) | ||
Accounts Payable-Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI) |
(2,338 | ) | ||
Accounts Payable-Socially Responsible Growth Fund Inc - Initial Shares (DSRG) |
(12,038 | ) | ||
Accounts Payable-VIP Contrafund(R) Portfolio - Service Class (FCS) |
(175,202 | ) | ||
Accounts Payable-VIP Growth Opportunities Portfolio - Service Class (FGOS) |
(119,239 | ) | ||
Accounts Payable-VIP Growth Portfolio - Service Class (FGS) |
(113,318 | ) | ||
Accounts Payable-NVIT Investor Destinations Managed Growth and Income Class I (IDPGI) |
(4 | ) | ||
Accounts Payable-TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3) |
(4 | ) | ||
Accounts Payable-Loring Ward NVIT Moderate Fund - Class P (NVLMP) |
(5 | ) | ||
Accounts Payable-Templeton NVIT International Value Fund - Class III (NVTIV3) |
(298 | ) | ||
Accounts Payable-Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG) |
(77,210 | ) | ||
Accounts Payable-Capital Appreciation Fund/VA - Non-Service Shares (OVGR) |
(26,905 | ) | ||
|
|
|||
$ | 4,739,882,176 | |||
|
|
|||
Contract Owners Equity: |
||||
Accumulation units |
4,739,882,176 | |||
|
|
|||
Total Contract Owners Equity (note 8) |
$ | 4,739,882,176 | ||
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | Total | ALVDAA | ACVIP1 | AMVAA2 | AMVBD2 | AMVGS2 | AMVGR2 | AMVI2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 75,131,782 | 293 | 8,824 | 49,374 | 1,142,364 | 3,153 | 197,469 | 62,626 | |||||||||||||||||||||||
Asset charges (note 3) |
(5,955,966 | ) | - | (1,450 | ) | (7,656 | ) | (15,418 | ) | (5,583 | ) | (55,744 | ) | (9,290 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
69,175,816 | 293 | 7,374 | 41,718 | 1,126,946 | (2,430 | ) | 141,725 | 53,336 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
164,268,990 | 11,869 | (2,979 | ) | 408,358 | 116 | 266,876 | 941,972 | 193,992 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(131,795,881 | ) | (6,662 | ) | (4,858 | ) | (479,810 | ) | (962,810 | ) | (220,582 | ) | (319,946 | ) | (384,005 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
32,473,109 | 5,207 | (7,837 | ) | (71,452 | ) | (962,694 | ) | 46,294 | 622,026 | (190,013 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
156,000,821 | 2,030 | 13,501 | 217,971 | 23 | 12,354 | 1,199,477 | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 257,649,746 | 7,530 | 13,038 | 188,237 | 164,275 | 56,218 | 1,963,228 | (136,677 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | BRVHYI | MLVLC2 | MLVGA2 | CVSPIP | DAVVL | DWVEMS | DWVSVS | DSIF | ||||||||||||||||||||||||
Reinvested dividends |
$ | 6,811 | 22,261 | 228,678 | 7,043 | 26,913 | 3,334 | 37,812 | 6,888,851 | |||||||||||||||||||||||
Asset charges (note 3) |
(310 | ) | (5,307 | ) | - | (130 | ) | (2,972 | ) | (2,070 | ) | (30,501 | ) | (559,803 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
6,501 | 16,954 | 228,678 | 6,913 | 23,941 | 1,264 | 7,311 | 6,329,048 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(1 | ) | 213,602 | 106,099 | 174 | 104,347 | 3,847 | 574,571 | 12,600,863 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(11,348 | ) | (252,528 | ) | (977,571 | ) | (23,623 | ) | (537,504 | ) | (106,929 | ) | (987,218 | ) | 25,451,260 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(11,349 | ) | (38,926 | ) | (871,472 | ) | (23,449 | ) | (433,157 | ) | (103,082 | ) | (412,647 | ) | 38,052,123 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
2,610 | 337,641 | 846,120 | 37,320 | 582,501 | 3,136 | 962,455 | 4,302,749 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (2,238 | ) | 315,669 | 203,326 | 20,784 | 173,285 | (98,682 | ) | 557,119 | 48,683,920 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | DSRG | ETVFR | FTVGB1 | GVGMNS | IVKMG1 | IVBRA1 | JPMMV1 | JABS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 131,323 | 1,667,900 | 444,601 | 15 | - | - | 60,088 | 357,721 | |||||||||||||||||||||||
Asset charges (note 3) |
(1,040 | ) | (60,837 | ) | (15,215 | ) | - | (3,517 | ) | - | (17,595 | ) | (41,255 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
130,283 | 1,607,063 | 429,386 | 15 | (3,517 | ) | - | 42,493 | 316,466 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
554,171 | 14,840 | (45,831 | ) | 995 | 257,214 | (77 | ) | 355,721 | 348,980 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
42,892 | (1,575,323 | ) | (367,092 | ) | (580 | ) | 98,049 | (11,226 | ) | 468,058 | 566,921 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
597,063 | (1,560,483 | ) | (412,923 | ) | 415 | 355,263 | (11,303 | ) | 823,779 | 915,901 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
858,879 | - | - | 344 | - | 8,315 | 409,988 | 581,544 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,586,225 | 46,580 | 16,463 | 774 | 351,746 | (2,988 | ) | 1,276,260 | 1,813,911 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | JAFBS | JACAS | JAGTS | JAIGS | JAMVS | LZREMS | LOVMCV | MIGIC | ||||||||||||||||||||||||
Reinvested dividends |
$ | 57,391 | 13,759 | - | 2,018,852 | 68,910 | 478,475 | 4,710 | 18,472 | |||||||||||||||||||||||
Asset charges (note 3) |
(2,599 | ) | (31,241 | ) | (5,252 | ) | (19,365 | ) | (4,314 | ) | (57,490 | ) | (2,755 | ) | - | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
54,792 | (17,482 | ) | (5,252 | ) | 1,999,487 | 64,596 | 420,985 | 1,955 | 18,472 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
3,400 | 1,940,895 | 1,271,107 | (2,696,527 | ) | 121,721 | (411,394 | ) | 223,550 | 378,879 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(43,993 | ) | (12,114,412 | ) | (850,920 | ) | (5,919,021 | ) | (190,410 | ) | (1,824,609 | ) | (86,265 | ) | (216,992 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(40,593 | ) | (10,173,517 | ) | 420,187 | (8,615,548 | ) | (68,689 | ) | (2,236,003 | ) | 137,285 | 161,887 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 13,587,607 | 873,123 | 2,485,570 | 162,184 | 255,607 | - | 198,422 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 14,199 | 3,396,608 | 1,288,058 | (4,130,491 | ) | 158,091 | (1,559,411 | ) | 139,240 | 378,781 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | MNDIC | MNDSC | MVRISC | MVFIC | MVFSC | MVIVSC | MSVFI | MSEM | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | - | 42,496 | 156,890 | 391,063 | 1,102,023 | 47,808 | 2,161,628 | |||||||||||||||||||||||
Asset charges (note 3) |
- | (3,199 | ) | (8,261 | ) | - | (61,309 | ) | (130,399 | ) | - | (41,700 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
- | (3,199 | ) | 34,235 | 156,890 | 329,754 | 971,624 | 47,808 | 2,119,928 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
42,779 | 237,622 | 385,806 | 1,145,109 | 3,858,805 | 2,723,214 | 37,057 | 2,955 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(222,400 | ) | (624,227 | ) | (651,455 | ) | (600,505 | ) | (2,255,213 | ) | (3,182,137 | ) | 43,893 | (1,338,232 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(179,621 | ) | (386,605 | ) | (265,649 | ) | 544,604 | 1,603,592 | (458,923 | ) | 80,950 | (1,335,277 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
122,045 | 277,161 | - | 317,434 | 917,522 | - | - | 297,415 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (57,576 | ) | (112,643 | ) | (231,414 | ) | 1,018,928 | 2,850,868 | 512,701 | 128,758 | 1,082,066 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | VKVGR2 | MSVMG | MSVEG | MSVRE | NVIX | NVBX | NCPG | NVAMV1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 26,581 | - | - | 255,334 | 252,553 | 1,290,753 | 1,140 | 806,692 | |||||||||||||||||||||||
Asset charges (note 3) |
(8,747 | ) | (29,279 | ) | (3,269 | ) | (40,975 | ) | (11,735 | ) | (25,100 | ) | - | - | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
17,834 | (29,279 | ) | (3,269 | ) | 214,359 | 240,818 | 1,265,653 | 1,140 | 806,692 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
35,599 | 226,531 | 170,796 | 1,092,973 | (45,074 | ) | 1,537 | (4 | ) | 1,346,695 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
444,934 | (1,831,183 | ) | (183,638 | ) | 3,397,062 | (1,137,967 | ) | (631,757 | ) | (1,292 | ) | (1,640,942 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
480,533 | (1,604,652 | ) | (12,842 | ) | 4,490,035 | (1,183,041 | ) | (630,220 | ) | (1,296 | ) | (294,247 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 1,857,615 | 86,300 | - | - | - | 572 | 4,487,169 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 498,367 | 223,684 | 70,189 | 4,704,394 | (942,223 | ) | 635,433 | 416 | 4,999,614 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | GVAAA2 | GVABD2 | GVAGG2 | GVAGR2 | GVAGI2 | HIBF | GEM | GIG | ||||||||||||||||||||||||
Reinvested dividends |
$ | 75,892 | 18,967 | 47,202 | 42,607 | 25,692 | 1,254,124 | 170,610 | 544,539 | |||||||||||||||||||||||
Asset charges (note 3) |
- | - | - | - | - | (28,383 | ) | (13,786 | ) | (13,339 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
75,892 | 18,967 | 47,202 | 42,607 | 25,692 | 1,225,741 | 156,824 | 531,200 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
649,323 | 16,804 | 459,878 | 842,576 | 160,206 | 378,296 | (187,711 | ) | 1,308,154 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(349,691 | ) | 26,171 | (370,537 | ) | (144,348 | ) | 105,627 | (1,117,148 | ) | (492,917 | ) | (2,029,710 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
299,632 | 42,975 | 89,341 | 698,228 | 265,833 | (738,852 | ) | (680,628 | ) | (721,556 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
12,475 | 13,492 | - | - | 29,410 | - | - | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 387,999 | 75,434 | 136,543 | 740,835 | 320,935 | 486,889 | (523,804 | ) | (190,356 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | NVIE6 | NVNMO1 | NVNSR1 | NVCRA1 | NVCRB1 | NVCCA1 | NVCCN1 | NVCMD1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 10,101 | 151,018 | 3,042 | 86,589 | 4,082,608 | 172,543 | 121,095 | 181,709 | |||||||||||||||||||||||
Asset charges (note 3) |
- | - | - | (107 | ) | (163,306 | ) | (244 | ) | (388 | ) | (43 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
10,101 | 151,018 | 3,042 | 86,482 | 3,919,302 | 172,299 | 120,707 | 181,666 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
6,374 | 564,758 | 206,595 | 235,539 | 604,671 | 452,247 | 95,343 | 80,944 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(18,097 | ) | (2,305,020 | ) | (159,138 | ) | (343,408 | ) | (1,470,444 | ) | (517,837 | ) | (191,744 | ) | (117,258 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(11,723 | ) | (1,740,262 | ) | 47,457 | (107,869 | ) | (865,773 | ) | (65,590 | ) | (96,401 | ) | (36,314 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 2,663,751 | - | 177,391 | 4,167,905 | 208,736 | 152,576 | 170,866 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (1,622 | ) | 1,074,507 | 50,499 | 156,004 | 7,221,434 | 315,445 | 176,882 | 316,218 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | NVCMA1 | NVCMC1 | NVCBD1 | NVLCP1 | TRF | GBF | CAF | GVIX2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 177,055 | 91,191 | 27,682 | 57,910 | 1,270,489 | 1,303,192 | 58,792 | 193,710 | |||||||||||||||||||||||
Asset charges (note 3) |
(203 | ) | (1,002 | ) | - | - | (70,325 | ) | (94,971 | ) | (1,994 | ) | (10,472 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
176,852 | 90,189 | 27,682 | 57,910 | 1,200,164 | 1,208,221 | 56,798 | 183,238 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
281,263 | 110,618 | (10,997 | ) | (5,830 | ) | 1,218,553 | (2,603,576 | ) | 894,053 | 1,549,338 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(745,384 | ) | (154,284 | ) | 23,730 | 56,522 | 10,195,924 | 4,554,110 | 848,874 | (1,707,618 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(464,121 | ) | (43,666 | ) | 12,733 | 50,692 | 11,414,477 | 1,950,534 | 1,742,927 | (158,280 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
572,239 | 95,015 | - | - | - | - | - | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 284,970 | 141,538 | 40,415 | 108,602 | 12,614,641 | 3,158,755 | 1,799,725 | 24,958 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | GVIDA | NVDBL2 | NVDCA2 | GVIDC | GVIDM | GVDMA | GVDMC | MCIF | ||||||||||||||||||||||||
Reinvested dividends |
$ | 408,881 | 33,429 | 11,039 | 203,393 | 1,194,175 | 1,444,114 | 298,239 | 838,014 | |||||||||||||||||||||||
Asset charges (note 3) |
(10,992 | ) | - | - | (6,044 | ) | (22,218 | ) | (19,082 | ) | (3,600 | ) | (97,503 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
397,889 | 33,429 | 11,039 | 197,349 | 1,171,957 | 1,425,032 | 294,639 | 740,511 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
3,350,387 | 47,171 | 18,725 | 104,948 | 2,901,232 | 42,660 | 593,906 | 5,556,452 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,469,109 | ) | (4,838 | ) | (12,386 | ) | (234,771 | ) | (489,962 | ) | 2,507,673 | (445,026 | ) | (3,502,944 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
881,278 | 42,333 | 6,339 | (129,823 | ) | 2,411,270 | 2,550,333 | 148,880 | 2,053,508 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 7,644 | 9,215 | 335,347 | - | - | 304,000 | 4,079,802 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,279,167 | 83,406 | 26,593 | 402,873 | 3,583,227 | 3,975,365 | 747,519 | 6,873,821 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | SAM | SAM5 | NVMIG1 | GVDIVI | NVMLG1 | NVMLV1 | NVMMG1 | NVMMV1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | - | 179,215 | 117,613 | 57,639 | 98,161 | - | 12,174 | |||||||||||||||||||||||
Asset charges (note 3) |
(15,321 | ) | (436,405 | ) | - | - | (1,575 | ) | (1,415 | ) | (198 | ) | (459 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(15,321 | ) | (436,405 | ) | 179,215 | 117,613 | 56,064 | 96,746 | (198 | ) | 11,715 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
- | - | (4,042 | ) | (162,801 | ) | 521,601 | 317,657 | 1,924,525 | 7,215 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
- | - | (1,379,414 | ) | (471,896 | ) | (263,944 | ) | (402,869 | ) | (4,727,274 | ) | (45,369 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
- | - | (1,383,456 | ) | (634,697 | ) | 257,657 | (85,212 | ) | (2,802,749 | ) | (38,154 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 880,947 | - | 845,125 | 753,267 | 4,135,968 | 77,864 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (15,321 | ) | (436,405 | ) | (323,294 | ) | (517,084 | ) | 1,158,846 | 764,801 | 1,333,021 | 51,425 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | NVMMV2 | SCGF | SCVF | SCF | MSBF | NVSTB1 | NVSTB2 | NVOLG1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 196,599 | - | 210,486 | 79,688 | 359,346 | 292,055 | 18,322 | 946,776 | |||||||||||||||||||||||
Asset charges (note 3) |
- | (5,532 | ) | (19,386 | ) | (47,748 | ) | (3,341 | ) | (55,704 | ) | - | - | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
196,599 | (5,532 | ) | 191,100 | 31,940 | 356,005 | 236,351 | 18,322 | 946,776 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
663,126 | 993,741 | 3,193,137 | 7,970,575 | 174,953 | (10,197 | ) | 4,357 | 5,151,205 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,866,716 | ) | (2,657,653 | ) | (4,239,147 | ) | (15,184,198 | ) | (108,645 | ) | 11,379 | (13,312 | ) | (8,774,176 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(1,203,590 | ) | (1,663,912 | ) | (1,046,010 | ) | (7,213,623 | ) | 66,308 | 1,182 | (8,955 | ) | (3,622,971 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
3,178,359 | 2,037,109 | 3,638,018 | 7,427,497 | - | - | - | 13,853,078 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 2,171,368 | 367,665 | 2,783,108 | 245,814 | 422,313 | 237,533 | 9,367 | 11,176,883 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | NVTIV3 | EIF | NVRE1 | NVLCAP | NVLMP | NVSIX2 | GVEX1 | NOTMG3 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 19,386 | 212,768 | 1,049,298 | 454 | 25 | 2,062 | 28,126 | 1 | |||||||||||||||||||||||
Asset charges (note 3) |
(1,118 | ) | (1,018 | ) | (16,738 | ) | - | - | - | - | - | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
18,268 | 211,750 | 1,032,560 | 454 | 25 | 2,062 | 28,126 | 1 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
16,612 | 339,078 | 1,270,084 | 403 | 1 | 1,528 | 51,359 | 195 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(101,576 | ) | 511,336 | (2,123,562 | ) | (787 | ) | (23 | ) | (6,587 | ) | 37,399 | (160 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(84,964 | ) | 850,414 | (853,478 | ) | (384 | ) | (22 | ) | (5,059 | ) | 88,758 | 35 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
21,106 | - | 8,602,715 | 802 | 20 | 8,393 | - | 1 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (45,590 | ) | 1,062,164 | 8,781,797 | 872 | 23 | 5,396 | 116,884 | 37 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | ALVGIA | ALVIVA | ALVSVA | ACVCA | ACVIG | ACVIP2 | ACVI | ACVMV1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 302,485 | 329,025 | 132,425 | - | 440,286 | 165,181 | 61,572 | 135,153 | |||||||||||||||||||||||
Asset charges (note 3) |
(33,986 | ) | (15,714 | ) | (15,143 | ) | (1,724 | ) | (9,016 | ) | - | (6,035 | ) | (6,902 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
268,499 | 313,311 | 117,282 | (1,724 | ) | 431,270 | 165,181 | 55,537 | 128,251 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
1,506,475 | (68,109 | ) | 914,367 | 1,732 | 307,053 | (267,212 | ) | 500,852 | 762,328 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
63,603 | (845,738 | ) | (1,483,561 | ) | 148,118 | 1,782,768 | 196,472 | (712,911 | ) | 128,910 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
1,570,078 | (913,847 | ) | (569,194 | ) | 149,850 | 2,089,821 | (70,740 | ) | (212,059 | ) | 891,238 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 2,184,267 | - | - | 311,644 | - | 731,729 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,838,577 | (600,536 | ) | 1,732,355 | 148,126 | 2,521,091 | 406,085 | (156,522 | ) | 1,751,218 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | ACVU1 | ACVV | DVMCS | DVSCS | DCAP | DSC | DVIV | SVSSVB | ||||||||||||||||||||||||
Reinvested dividends |
$ | 5,276 | 339,842 | 21,165 | 475,016 | 554,437 | - | 176,581 | 8,044 | |||||||||||||||||||||||
Asset charges (note 3) |
(2,195 | ) | (41,113 | ) | (4,775 | ) | (155,161 | ) | (26,244 | ) | - | (18,384 | ) | (1,371 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
3,081 | 298,729 | 16,390 | 319,855 | 528,193 | - | 158,197 | 6,673 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
78,170 | 2,603,403 | 81,392 | 4,404,244 | 4,403,783 | 177,342 | 1,021,463 | 172,809 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
55,624 | (302,187 | ) | 208,273 | (4,953,887 | ) | (3,422,113 | ) | (154,774 | ) | (1,585,073 | ) | (166,400 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
133,794 | 2,301,216 | 289,665 | (549,643 | ) | 981,670 | 22,568 | (563,610 | ) | 6,409 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 11,487 | 4,511,317 | 859,878 | - | - | 8,555 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 136,875 | 2,599,945 | 317,542 | 4,281,529 | 2,369,741 | 22,568 | (405,413 | ) | 21,637 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | SVSLVB | FVCA2P | FQB | FCS | FNRS2 | FEIS | FF10S | FF20S | ||||||||||||||||||||||||
Reinvested dividends |
$ | 2,092 | 13,782 | 1,092,004 | 503,263 | 62,586 | 1,719,214 | 38,444 | 351,654 | |||||||||||||||||||||||
Asset charges (note 3) |
(352 | ) | - | (26,206 | ) | (136,802 | ) | - | (41,561 | ) | (704 | ) | (28,952 | ) | ||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
1,740 | 13,782 | 1,065,798 | 366,461 | 62,586 | 1,677,653 | 37,740 | 322,702 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
6,054 | 841 | 588,287 | 7,799,788 | 514,600 | (76,600 | ) | 18,067 | 933,065 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
6,338 | (173,158 | ) | (598,804 | ) | (2,331,541 | ) | (1,887,387 | ) | 3,073,824 | 11,784 | (806,719 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
12,392 | (172,317 | ) | (10,517 | ) | 5,468,247 | (1,372,787 | ) | 2,997,224 | 29,851 | 126,346 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 150,975 | - | 1,177,951 | 104,674 | 896,837 | 39,338 | 356,445 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 14,132 | (7,560 | ) | 1,055,281 | 7,012,659 | (1,205,527 | ) | 5,571,714 | 106,929 | 805,493 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | FF30S | FFINS | FGOS | FGS | FHIS | FHISR | FIP | FIGBS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 144,815 | 14,891 | 3,298 | 81,474 | 735,139 | 234,363 | 552,258 | 3,242,445 | |||||||||||||||||||||||
Asset charges (note 3) |
(9,139 | ) | (2,437 | ) | (3,344 | ) | (64,229 | ) | (16,436 | ) | - | (71,461 | ) | (110,677 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
135,676 | 12,454 | (46 | ) | 17,245 | 718,703 | 234,363 | 480,797 | 3,131,768 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
159,089 | 44,702 | 91,155 | 2,544,798 | 99,956 | 12,368 | 2,019,039 | (99,725 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(73,921 | ) | (30,142 | ) | 170,613 | 6,313,633 | (670,174 | ) | (202,096 | ) | 1,952,240 | (373,491 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
85,168 | 14,560 | 261,768 | 8,858,431 | (570,218 | ) | (189,728 | ) | 3,971,279 | (473,216 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
171,942 | 11,517 | 2,758 | - | - | - | 30,656 | 23,761 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 392,786 | 38,531 | 264,480 | 8,875,676 | 148,485 | 44,635 | 4,482,732 | 2,682,313 | |||||||||||||||||||||||
|
|
|
|
|
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|
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|
|
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|
|||||||||||||||||
Investment Activity: | FMCS | FOS | FOSR | FVSS | FF05S | FF15S | FF25S | FF40S | ||||||||||||||||||||||||
Reinvested dividends |
$ | 79,857 | 127,928 | 149,760 | 51,427 | 1,380 | 139,774 | 182,261 | 83,760 | |||||||||||||||||||||||
Asset charges (note 3) |
(39,572 | ) | (11,133 | ) | - | (1,515 | ) | (95 | ) | (18,066 | ) | (23,186 | ) | (12,350 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
40,285 | 116,795 | 149,760 | 49,912 | 1,285 | 121,708 | 159,075 | 71,410 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
3,043,024 | 524,334 | (41,746 | ) | 333,311 | 28 | 554,771 | 409,542 | 347,708 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,293,403 | ) | (1,556,691 | ) | (1,146,051 | ) | (55,378 | ) | (140 | ) | (478,667 | ) | (296,706 | ) | (248,729 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
1,749,621 | (1,032,357 | ) | (1,187,797 | ) | 277,933 | (112 | ) | 76,104 | 112,836 | 98,979 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
1,149,842 | 2,851 | 3,172 | - | 461 | 130,641 | 193,642 | 85,456 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 2,939,748 | (912,711 | ) | (1,034,865 | ) | 327,845 | 1,634 | 328,453 | 465,553 | 255,845 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | FTVIS2 | FTVRDI | FTVSVI | FTVSV2 | FTVMD2 | FTVDM2 | TIF | TIF2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 333,305 | 262,919 | 92,357 | 69,897 | 9,877 | 54,255 | 29,394 | 466,460 | |||||||||||||||||||||||
Asset charges (note 3) |
- | - | - | (22,731 | ) | (1,002 | ) | - | - | (42,804 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
333,305 | 262,919 | 92,357 | 47,166 | 8,875 | 54,255 | 29,394 | 423,656 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
387,455 | 1,134,666 | 430,393 | 699,439 | 6,903 | 1,240 | 25,815 | 594,107 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(414,549 | ) | (268,523 | ) | (1,232,457 | ) | (1,516,876 | ) | (27,197 | ) | (244,573 | ) | (205,899 | ) | (4,501,055 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(27,094 | ) | 866,143 | (802,064 | ) | (817,437 | ) | (20,294 | ) | (243,333 | ) | (180,084 | ) | (3,906,948 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 325,868 | 803,503 | 842,839 | 30,567 | - | - | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 306,211 | 1,454,930 | 93,796 | 72,568 | 19,148 | (189,078 | ) | (150,690 | ) | (3,483,292 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | FTVGI2 | FTVFA2 | GVMCE | GVCSE | GVGOPS | SBVSG | BNCAI | AMTB | ||||||||||||||||||||||||
Reinvested dividends |
$ | 782,608 | 20,231 | 622,405 | 297 | - | - | 18,446 | 66,390 | |||||||||||||||||||||||
Asset charges (note 3) |
(18,069 | ) | - | (139,427 | ) | (32 | ) | (1,981 | ) | (16,686 | ) | (20,415 | ) | - | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
764,539 | 20,231 | 482,978 | 265 | (1,981 | ) | (16,686 | ) | (1,969 | ) | 66,390 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(1,185,673 | ) | (11,436 | ) | 6,162,866 | (73 | ) | 59,857 | 534,587 | 639,012 | (29,536 | ) | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
449,607 | 7,638 | (9,413,680 | ) | (4,167 | ) | (211,422 | ) | (1,036,828 | ) | (249,467 | ) | (14,875 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(736,066 | ) | (3,798 | ) | (3,250,814 | ) | (4,240 | ) | (151,565 | ) | (502,241 | ) | 389,545 | (44,411 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 617 | 10,364,851 | 5,582 | 239,061 | 914,902 | 55,379 | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 28,473 | 17,050 | 7,597,015 | 1,607 | 85,515 | 395,975 | 442,955 | 21,979 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | AMGP | AMCG | AMTP | AMRI | AMFAS | AMSRS | OVGR | OVGS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 4,978 | - | 8,581 | 53,447 | - | 8,965 | 75,729 | 846,565 | |||||||||||||||||||||||
Asset charges (note 3) |
(1,772 | ) | (5,978 | ) | (1,028 | ) | (12,730 | ) | (1,989 | ) | - | (36,134 | ) | (96,750 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
3,206 | (5,978 | ) | 7,553 | 40,717 | (1,989 | ) | 8,965 | 39,595 | 749,815 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
105,425 | 249,506 | 20,837 | 143,151 | 615,917 | 437,717 | 2,183,808 | 4,237,273 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(183,782 | ) | (1,131,079 | ) | 72,463 | 330,527 | (749,617 | ) | (212,015 | ) | (327,253 | ) | (6,801,382 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(78,357 | ) | (881,573 | ) | 93,300 | 473,678 | (133,700 | ) | 225,702 | 1,856,555 | (2,564,109 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
174,821 | 1,067,675 | - | 141,577 | 147,915 | - | 412,312 | 3,453,772 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 99,670 | 180,124 | 100,853 | 655,972 | 12,226 | 234,667 | 2,308,462 | 1,639,478 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | OVIG | OVGI | OVSC | OVAG | OVSB | PMVAAA | PMVRSA | PMVFBA | ||||||||||||||||||||||||
Reinvested dividends |
$ | 31,160 | 260,958 | 54,635 | - | 846,800 | 1,490,481 | 53 | 41,979 | |||||||||||||||||||||||
Asset charges (note 3) |
(5,777 | ) | (11,181 | ) | - | (13,281 | ) | - | (56,764 | ) | - | (980 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
25,383 | 249,777 | 54,635 | (13,281 | ) | 846,800 | 1,433,717 | 53 | 40,999 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
3,155 | 945,920 | 859,479 | 1,090,889 | (35,539 | ) | 95,831 | (3,544 | ) | (90,952 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(295,421 | ) | 1,356,012 | (1,049,947 | ) | 372,504 | (420,887 | ) | (1,463,732 | ) | (6,317 | ) | 133,478 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(292,266 | ) | 2,301,932 | (190,468 | ) | 1,463,393 | (456,426 | ) | (1,367,901 | ) | (9,861 | ) | 42,526 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
54,842 | 630,794 | 877,758 | - | - | - | - | 3,808 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (212,041 | ) | 3,182,503 | 741,925 | 1,450,112 | 390,374 | 65,816 | (9,808 | ) | 87,333 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | PMVLGA | PMVLDA | PMVRRA | PMVTRA | PIVEMI | PIHYB1 | PVGIB | PVTIGB | ||||||||||||||||||||||||
Reinvested dividends |
$ | 48,661 | 728,769 | 1,403,783 | 6,849,134 | 7,062 | 281,464 | 11,151 | 10,438 | |||||||||||||||||||||||
Asset charges (note 3) |
(5,277 | ) | (128,705 | ) | (205,810 | ) | (634,290 | ) | (1,183 | ) | (10,855 | ) | - | - | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
43,384 | 600,064 | 1,197,973 | 6,214,844 | 5,879 | 270,609 | 11,151 | 10,438 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(50,276 | ) | 347,712 | (375,101 | ) | (2,453,928 | ) | 41,922 | 57,018 | 115,015 | 46,820 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
457,232 | (519,240 | ) | 2,004,889 | 11,902,154 | (157,367 | ) | (547,339 | ) | (28,407 | ) | (136,789 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
406,956 | (171,528 | ) | 1,629,788 | 9,448,226 | (115,445 | ) | (490,321 | ) | 86,608 | (89,969 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | - | - | 5,637 | 216,569 | - | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 450,340 | 428,536 | 2,827,761 | 15,663,070 | (103,929 | ) | (3,143 | ) | 97,759 | (79,531 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Investment Activity: | PVTSCB | PVTVB | ACGI | ACEG | AVBVI | AVHY1 | AVIE | AVMCCI | ||||||||||||||||||||||||
Reinvested dividends |
$ | 1,381 | 12,777 | 90,381 | 457 | 7,907 | 496,660 | 935,671 | 570 | |||||||||||||||||||||||
Asset charges (note 3) |
(989 | ) | - | (11,627 | ) | - | (719 | ) | (24,910 | ) | (128,142 | ) | (3,008 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
392 | 12,777 | 78,754 | 457 | 7,188 | 471,750 | 807,529 | (2,438 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(8,730 | ) | 217,303 | 520,619 | 77,339 | 47,848 | 302,831 | 2,262,537 | 146,761 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(46,073 | ) | (113,593 | ) | (713,774 | ) | 8,013 | (20,511 | ) | (700,699 | ) | (2,963,874 | ) | (245,696 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(54,803 | ) | 103,710 | (193,155 | ) | 85,352 | 27,337 | (397,868 | ) | (701,337 | ) | (98,935 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
68,349 | 32,785 | 587,759 | - | - | - | - | 163,516 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 13,938 | 149,272 | 473,358 | 85,809 | 34,525 | 73,882 | 106,192 | 62,143 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | ROCMC | RVARS | TREI2 | TRHS2 | TRLT1 | TRMCG2 | TRNAG1 | TRPSB1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | - | 1,089,393 | - | 206,487 | - | - | 69,009 | |||||||||||||||||||||||
Asset charges (note 3) |
(33,142 | ) | - | (160,277 | ) | (26,405 | ) | (39,696 | ) | (69,963 | ) | (82,845 | ) | (8,487 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(33,142 | ) | - | 929,116 | (26,405 | ) | 166,791 | (69,963 | ) | (82,845 | ) | 60,522 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
2,086,954 | 5,608 | 4,887,583 | 2,472,225 | (23,978 | ) | 510,221 | 2,964,721 | 175,013 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(3,532,392 | ) | 31,979 | (1,017,940 | ) | 1,860,254 | (84,132 | ) | (426,557 | ) | (5,225,005 | ) | (325,000 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(1,445,438 | ) | 37,587 | 3,869,643 | 4,332,479 | (108,110 | ) | 83,664 | (2,260,284 | ) | (149,987 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
898,163 | - | - | 2,200,628 | - | 3,703,344 | 6,100,244 | 280,636 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (580,417 | ) | 37,587 | 4,798,759 | 6,506,702 | 58,681 | 3,717,045 | 3,757,115 | 191,171 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|||||||||||||||||
Investment Activity: | TRBCGP | VWEM | VWHA | VVB | VVDV | VVI | VVMCI | VVREI | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | 73,990 | 39,161 | 133,781 | 359,087 | 73,626 | 151,732 | 251,478 | |||||||||||||||||||||||
Asset charges (note 3) |
(34,148 | ) | (11,555 | ) | (55,764 | ) | (13,077 | ) | (33,614 | ) | (10,376 | ) | (33,607 | ) | (17,383 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(34,148 | ) | 62,435 | (16,603 | ) | 120,704 | 325,473 | 63,250 | 118,125 | 234,095 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
799,474 | 229,245 | (2,957,193 | ) | 130,841 | 597,417 | 169,458 | 710,661 | 211,471 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
613,789 | (2,083,461 | ) | (4,524,491 | ) | 896 | (83,044 | ) | (539,502 | ) | 642,374 | 1,338,599 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
1,413,263 | (1,854,216 | ) | (7,481,684 | ) | 131,737 | 514,373 | (370,044 | ) | 1,353,035 | 1,550,070 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 1,689,114 | - | 312,639 | 631,646 | - | 600,860 | 341,411 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,379,115 | (102,667 | ) | (7,498,287 | ) | 565,080 | 1,471,492 | (306,794 | ) | 2,072,020 | 2,125,576 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | VVSTC | VVSCG | VVHGB | WRASP | WRGP | WRHIP | WRMCG | WRRESP | ||||||||||||||||||||||||
Reinvested dividends |
$ | 73,371 | 12,550 | 213,967 | 77,906 | 16,835 | 2,295,503 | - | 55,065 | |||||||||||||||||||||||
Asset charges (note 3) |
(10,004 | ) | (8,766 | ) | (20,743 | ) | (6,434 | ) | (5,896 | ) | (74,461 | ) | (4,692 | ) | (3,989 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
63,367 | 3,784 | 193,224 | 71,472 | 10,939 | 2,221,042 | (4,692 | ) | 51,076 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(347 | ) | 54,739 | 14,190 | 374,807 | 126,041 | 691,815 | 138,981 | 89,230 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(14,394 | ) | (494,524 | ) | 293,818 | (3,378,624 | ) | (443,216 | ) | (3,088,798 | ) | (49,812 | ) | 1,080,802 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(14,741 | ) | (439,785 | ) | 308,008 | (3,003,817 | ) | (317,175 | ) | (2,396,983 | ) | 89,169 | 1,170,032 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
22,419 | 565,603 | 31,188 | 2,065,017 | 748,240 | 346,314 | 143,929 | 317,731 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 71,045 | 129,602 | 532,420 | (867,328 | ) | 442,004 | 170,373 | 228,406 | 1,538,839 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|||||||||||||||||
Investment Activity: | WRSTP | SVDF | SVOF | WFVSCG | OVGS3 | FTVDM3 | TIF3 | FTVGI3 | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | - | 5,841 | - | - | - | - | - | |||||||||||||||||||||||
Asset charges (note 3) |
(25,619 | ) | (18,913 | ) | (22,569 | ) | (9,341 | ) | - | - | - | - | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(25,619 | ) | (18,913 | ) | (16,728 | ) | (9,341 | ) | - | - | - | - | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
2,006,514 | 996,564 | 1,171,379 | 331,507 | 6,146,666 | (178,966 | ) | 1,775,372 | (33,906 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,971,725 | ) | (2,879,436 | ) | (168,935 | ) | (1,095,771 | ) | (6,116,637 | ) | 71,446 | (1,643,703 | ) | 134,201 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(965,211 | ) | (1,882,872 | ) | 1,002,444 | (764,264 | ) | 30,029 | (107,520 | ) | 131,669 | 100,295 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
1,491,163 | 1,921,854 | - | 582,586 | - | - | - | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 500,333 | 20,069 | 985,716 | (191,019 | ) | 30,029 | (107,520 | ) | 131,669 | 100,295 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Investment Activity: | CVSSE | HIBF3 | GEM3 | GIG3 | GVIX6 | NVMIG3 | GVDIV3 | ACVVS1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 378 | 243,100 | 38,274 | 86,236 | 26,047 | 194,083 | 128,266 | - | |||||||||||||||||||||||
Asset charges (note 3) |
(173 | ) | - | - | - | - | - | - | (939 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
205 | 243,100 | 38,274 | 86,236 | 26,047 | 194,083 | 128,266 | (939 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
13,924 | 128,895 | 143,427 | 820,978 | 258,867 | 5,975,888 | 417,375 | 208,032 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(41,847 | ) | (21,354 | ) | (469,408 | ) | (829,620 | ) | (261,062 | ) | (5,991,197 | ) | (581,553 | ) | (421,378 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(27,923 | ) | 107,541 | (325,981 | ) | (8,642 | ) | (2,195 | ) | (15,309 | ) | (164,178 | ) | (213,346 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
25,252 | - | - | - | - | - | - | 177,380 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (2,466 | ) | 350,641 | (287,707 | ) | 77,594 | 23,852 | 178,774 | (35,912 | ) | (36,905 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Activity: | OGGO | |||
Reinvested dividends |
$ | - | ||
Asset charges (note 3) |
(7,440 | ) | ||
|
|
|||
Net investment income (loss) |
(7,440 | ) | ||
|
|
|||
Realized gain (loss) on investments |
245,602 | |||
Change in unrealized gain (loss) on investments |
(1,093,736 | ) | ||
|
|
|||
Net gain (loss) on investments |
(848,134 | ) | ||
|
|
|||
Reinvested capital gains |
1,263,769 | |||
|
|
|||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 408,195 | ||
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
Total | ALVDAA | ACVIP1 | AMVAA2 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 69,175,816 | 61,115,655 | 293 | 596 | 7,374 | 1,204 | 41,718 | 41,128 | |||||||||||||||||||||||
Realized gain (loss) on investments |
164,268,990 | 118,719,940 | 11,869 | 150 | (2,979 | ) | (623 | ) | 408,358 | 113,919 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(131,795,881 | ) | 449,973,712 | (6,662 | ) | 7,617 | (4,858 | ) | (8,755 | ) | (479,810 | ) | 512,408 | |||||||||||||||||||
Reinvested capital gains |
156,000,821 | 62,745,732 | 2,030 | 581 | 13,501 | 109 | 217,971 | - | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
257,649,746 | 692,555,039 | 7,530 | 8,944 | 13,038 | (8,065 | ) | 188,237 | 667,455 | |||||||||||||||||||||||
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|
|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
236,172,929 | 259,006,635 | 5,923 | 5,298 | 18,691 | 21 | 255,811 | 699,553 | ||||||||||||||||||||||||
Transfers between funds |
- | - | (140,452 | ) | 166,287 | 422,500 | 414,959 | 340,345 | 223,354 | |||||||||||||||||||||||
Surrenders (note 6) |
(242,494,312 | ) | (255,195,018 | ) | - | - | (14 | ) | (2,059 | ) | (1,521,482 | ) | (317,090 | ) | ||||||||||||||||||
Death Benefits (note 4) |
(23,966,871 | ) | (17,857,720 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(10,167,050 | ) | (11,810,948 | ) | - | - | - | - | (43,870 | ) | (3,877 | ) | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(359,613 | ) | (913,903 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(107,404,127 | ) | (105,254,809 | ) | (4,568 | ) | (2,717 | ) | (9,411 | ) | (1,815 | ) | (61,448 | ) | (33,190 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(5,763,905 | ) | (5,540,769 | ) | (332 | ) | (185 | ) | (14 | ) | - | (1,122 | ) | (765 | ) | |||||||||||||||||
MSP contracts |
(303,965 | ) | (288,779 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(711,618 | ) | (704,778 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
42,074 | 151,627 | 8 | (3 | ) | 1,917 | 2 | 14 | (1 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Net equity transactions |
(154,956,458 | ) | (138,408,462 | ) | (139,421 | ) | 168,680 | 433,669 | 411,108 | (1,031,752 | ) | 567,984 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net change in contract owners equity |
102,693,288 | 554,146,577 | (131,891 | ) | 177,624 | 446,707 | 403,043 | (843,515 | ) | 1,235,439 | ||||||||||||||||||||||
Contract owners equity beginning of period |
4,637,188,888 | 4,083,042,311 | 177,696 | 72 | 403,043 | - | 4,006,660 | 2,771,221 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Contract owners equity end of period |
$ | 4,739,882,176 | 4,637,188,888 | 45,805 | 177,696 | 849,750 | 403,043 | 3,163,145 | 4,006,660 | |||||||||||||||||||||||
|
|
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|
|
|
|
|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
250,893,361 | 255,557,179 | 15,430 | 7 | 43,953 | - | 293,121 | 250,210 | ||||||||||||||||||||||||
Units purchased |
65,435,424 | 36,012,059 | 835 | 15,686 | 46,488 | 44,563 | 44,305 | 72,151 | ||||||||||||||||||||||||
Units redeemed |
(64,866,726 | ) | (40,704,136 | ) | (12,457 | ) | (263 | ) | (990 | ) | (418 | ) | (117,926 | ) | (29,227 | ) | ||||||||||||||||
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|
|
|
|||||||||||||||||
Ending units |
251,462,059 | 250,893,361 | 3,808 | 15,430 | 89,451 | 43,953 | 219,500 | 293,121 | ||||||||||||||||||||||||
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
AMVBD2 | AMVGS2 | AMVGR2 | AMVI2 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1,126,946 | 1,265 | (2,430 | ) | 16,904 | 141,725 | 152,004 | 53,336 | 34,060 | ||||||||||||||||||||||
Realized gain (loss) on investments |
116 | 2,804 | 266,876 | 100,399 | 941,972 | 573,259 | 193,992 | 108,318 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(962,810 | ) | (5,926 | ) | (220,582 | ) | 383,222 | (319,946 | ) | 4,654,794 | (384,005 | ) | 398,267 | |||||||||||||||||||
Reinvested capital gains |
23 | 785 | 12,354 | - | 1,199,477 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
164,275 | (1,072 | ) | 56,218 | 500,525 | 1,963,228 | 5,380,057 | (136,677 | ) | 540,645 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
3,305 | 7,748 | 109,646 | 88,767 | 585,106 | 223,734 | 650,131 | 359,864 | ||||||||||||||||||||||||
Transfers between funds |
70,884,778 | (155,633 | ) | (21,390 | ) | 273,471 | (688,929 | ) | 784,028 | 769,397 | 847,615 | |||||||||||||||||||||
Surrenders (note 6) |
(702 | ) | - | (36,383 | ) | (50,683 | ) | (316,220 | ) | (385,110 | ) | (30,493 | ) | (108,000 | ) | |||||||||||||||||
Death Benefits (note 4) |
(846 | ) | (816 | ) | (5,065 | ) | (2,882 | ) | (51,152 | ) | (49,742 | ) | (2,344 | ) | (14,005 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(8,720 | ) | - | (128 | ) | - | (40,511 | ) | (11 | ) | (161 | ) | (21,638 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(104,838 | ) | (8,374 | ) | (30,518 | ) | (32,797 | ) | (287,046 | ) | (220,368 | ) | (70,671 | ) | (42,340 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(85 | ) | (236 | ) | (278 | ) | (334 | ) | (10 | ) | (4 | ) | (178 | ) | (138 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
7 | 7 | (5 | ) | 7 | (11 | ) | 43 | (7 | ) | 7 | |||||||||||||||||||||
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Net equity transactions |
70,772,899 | (157,304 | ) | 15,879 | 275,549 | (798,773 | ) | 352,570 | 1,315,674 | 1,021,365 | ||||||||||||||||||||||
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Net change in contract owners equity |
70,937,174 | (158,376 | ) | 72,097 | 776,074 | 1,164,455 | 5,732,627 | 1,178,997 | 1,562,010 | |||||||||||||||||||||||
Contract owners equity beginning of period |
74,024 | 232,400 | 2,439,091 | 1,663,017 | 23,660,929 | 17,928,302 | 3,499,457 | 1,937,447 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 71,011,198 | 74,024 | 2,511,188 | 2,439,091 | 24,825,384 | 23,660,929 | 4,678,454 | 3,499,457 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
6,226 | 19,064 | 202,172 | 176,306 | 1,752,402 | 1,723,465 | 312,711 | 210,084 | ||||||||||||||||||||||||
Units purchased |
5,690,932 | 871 | 45,182 | 39,528 | 75,936 | 234,057 | 129,417 | 122,238 | ||||||||||||||||||||||||
Units redeemed |
(10,356 | ) | (13,709 | ) | (43,145 | ) | (18,322 | ) | (129,923 | ) | (218,207 | ) | (11,631 | ) | (19,717 | ) | ||||||||||||||||
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Ending units |
5,686,802 | 6,226 | 204,209 | 202,172 | 1,698,415 | 1,752,402 | 430,497 | 312,711 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
BRVHYI | MLVLC2 | MLVGA2 | CVSPIP | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 6,501 | - | 16,954 | 19,835 | 228,678 | 106,699 | 6,913 | - | |||||||||||||||||||||||
Realized gain (loss) on investments |
(1 | ) | - | 213,602 | 295,813 | 106,099 | 212,457 | 174 | - | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(11,348 | ) | - | (252,528 | ) | 438,986 | (977,571 | ) | 663,957 | (23,623 | ) | - | ||||||||||||||||||||
Reinvested capital gains |
2,610 | - | 337,641 | - | 846,120 | 375,334 | 37,320 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(2,238 | ) | - | 315,669 | 754,634 | 203,326 | 1,358,447 | 20,784 | - | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
- | - | 118,739 | 219,276 | 542,862 | 436,995 | - | - | ||||||||||||||||||||||||
Transfers between funds |
501,787 | - | (191,876 | ) | (490,876 | ) | 786,293 | 482,356 | 432,164 | - | ||||||||||||||||||||||
Surrenders (note 6) |
- | - | (2,660 | ) | (132,407 | ) | (326,661 | ) | (990,252 | ) | - | - | ||||||||||||||||||||
Death Benefits (note 4) |
- | - | (6,594 | ) | - | (3,520 | ) | (83,686 | ) | - | - | |||||||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | (40,802 | ) | (4,475 | ) | (162,898 | ) | (14,078 | ) | - | - | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | (107 | ) | (4,109 | ) | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
- | - | (42,614 | ) | (38,187 | ) | (395,318 | ) | (383,159 | ) | (1,022 | ) | - | |||||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
- | - | (315 | ) | (225 | ) | (30,377 | ) | (28,702 | ) | - | - | ||||||||||||||||||||
MSP contracts |
- | - | - | - | (904 | ) | (853 | ) | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | (5,427 | ) | (5,248 | ) | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
(4 | ) | - | (17 | ) | (83 | ) | 7 | (17 | ) | 7 | - | ||||||||||||||||||||
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Net equity transactions |
501,783 | - | (166,139 | ) | (446,977 | ) | 403,950 | (590,753 | ) | 431,149 | - | |||||||||||||||||||||
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Net change in contract owners equity |
499,545 | - | 149,530 | 307,657 | 607,276 | 767,694 | 451,933 | - | ||||||||||||||||||||||||
Contract owners equity beginning of period |
- | - | 2,736,351 | 2,428,694 | 10,431,814 | 9,664,120 | - | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 499,545 | - | 2,885,881 | 2,736,351 | 11,039,090 | 10,431,814 | 451,933 | - | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 154,703 | 182,994 | 640,899 | 680,130 | - | - | ||||||||||||||||||||||||
Units purchased |
51,392 | - | 15,863 | 27,105 | 80,975 | 67,595 | 40,998 | - | ||||||||||||||||||||||||
Units redeemed |
- | - | (24,996 | ) | (55,473 | ) | (56,746 | ) | (106,825 | ) | (88 | ) | - | |||||||||||||||||||
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Ending units |
51,392 | - | 145,570 | 154,703 | 665,128 | 640,899 | 40,910 | - | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
DAVVL | DWVEMS | DWVSVS | DSIF | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 23,941 | 19,178 | 1,264 | (4 | ) | 7,311 | 27,385 | 6,329,048 | 5,432,176 | ||||||||||||||||||||||
Realized gain (loss) on investments |
104,347 | 164,657 | 3,847 | 257 | 574,571 | 416,972 | 12,600,863 | 805,544 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(537,504 | ) | 393,976 | (106,929 | ) | 9,158 | (987,218 | ) | 1,405,694 | 25,451,260 | 77,274,259 | |||||||||||||||||||||
Reinvested capital gains |
582,501 | 179,246 | 3,136 | - | 962,455 | 429,548 | 4,302,749 | 3,349,248 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
173,285 | 757,057 | (98,682 | ) | 9,411 | 557,119 | 2,279,599 | 48,683,920 | 86,861,227 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
237,703 | 365,752 | 424,361 | 24,618 | 614,538 | 445,195 | 15,161,188 | 16,746,529 | ||||||||||||||||||||||||
Transfers between funds |
(62,252 | ) | (1,076,318 | ) | 434,132 | 391,187 | 3,124,620 | 4,377,861 | 28,695,837 | 6,846,391 | ||||||||||||||||||||||
Surrenders (note 6) |
(65,043 | ) | (95,541 | ) | - | (441 | ) | (169,859 | ) | (56,995 | ) | (10,898,444 | ) | (16,569,865 | ) | |||||||||||||||||
Death Benefits (note 4) |
- | (11,932 | ) | - | - | (22,967 | ) | (21,669 | ) | (3,263,570 | ) | (948,006 | ) | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
(21,076 | ) | (22,034 | ) | - | - | (17,113 | ) | (657 | ) | 535,516 | (723,713 | ) | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | (6,204 | ) | (17,927 | ) | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(36,194 | ) | (31,394 | ) | (31,676 | ) | (3,922 | ) | (194,410 | ) | (121,437 | ) | (8,662,526 | ) | (8,017,830 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(2,584 | ) | (3,025 | ) | (3 | ) | (1 | ) | (1,024 | ) | (169 | ) | (444,718 | ) | (407,815 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | (13,309 | ) | (12,864 | ) | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | (66,814 | ) | (59,267 | ) | ||||||||||||||||||||||
Adjustments to maintain reserves |
(15 | ) | 13 | (13 | ) | 9 | (288 | ) | 16 | 1,824 | 4,911 | |||||||||||||||||||||
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Net equity transactions |
50,539 | (874,479 | ) | 826,801 | 411,450 | 3,333,497 | 4,622,145 | 21,038,780 | (3,159,456 | ) | ||||||||||||||||||||||
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Net change in contract owners equity |
223,824 | (117,422 | ) | 728,119 | 420,861 | 3,890,616 | 6,901,744 | 69,722,700 | 83,701,771 | |||||||||||||||||||||||
Contract owners equity beginning of period |
2,664,799 | 2,782,221 | 420,861 | - | 10,896,188 | 3,994,444 | 359,230,963 | 275,529,192 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 2,888,623 | 2,664,799 | 1,148,980 | 420,861 | 14,786,804 | 10,896,188 | 428,953,663 | 359,230,963 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
214,206 | 298,582 | 37,049 | - | 804,104 | 391,672 | 18,495,758 | 18,671,915 | ||||||||||||||||||||||||
Units purchased |
35,230 | 34,929 | 76,259 | 37,445 | 315,265 | 526,933 | 2,560,916 | 1,455,191 | ||||||||||||||||||||||||
Units redeemed |
(29,968 | ) | (119,304 | ) | (2,803 | ) | (397 | ) | (83,764 | ) | (106,323 | ) | (1,353,424 | ) | (1,629,337 | ) | ||||||||||||||||
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Ending units |
219,468 | 214,206 | 110,505 | 37,049 | 1,035,605 | 804,104 | 19,703,250 | 18,495,758 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
DSRG | ETVFR | FTVGB1 | GVGMNS | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 130,283 | 135,000 | 1,607,063 | 808,663 | 429,386 | - | 15 | 18 | |||||||||||||||||||||||
Realized gain (loss) on investments |
554,171 | 546,427 | 14,840 | 62,177 | (45,831 | ) | - | 995 | 110 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
42,892 | 2,546,040 | (1,575,323 | ) | (201,264 | ) | (367,092 | ) | - | (580 | ) | 786 | ||||||||||||||||||||
Reinvested capital gains |
858,879 | - | - | 157,038 | - | - | 344 | 1,009 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,586,225 | 3,227,467 | 46,580 | 826,614 | 16,463 | - | 774 | 1,923 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
734,687 | 806,893 | 457,558 | 308,320 | 806,237 | - | 1,959 | 1,273 | ||||||||||||||||||||||||
Transfers between funds |
152,139 | (149,495 | ) | 41,628,564 | 9,253,803 | 11,555,040 | - | (5,176 | ) | 39,524 | ||||||||||||||||||||||
Surrenders (note 6) |
(835,854 | ) | (748,744 | ) | (159,888 | ) | (16,689 | ) | (282,316 | ) | - | - | - | |||||||||||||||||||
Death Benefits (note 4) |
(38,505 | ) | (45,948 | ) | (11,025 | ) | (988 | ) | (5,592 | ) | - | - | - | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
15,302 | 51,171 | (517 | ) | (23,115 | ) | 781 | - | 35 | (921 | ) | |||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(27 | ) | (1 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(678,461 | ) | (675,967 | ) | (474,054 | ) | (202,510 | ) | (103,776 | ) | - | (1,970 | ) | (914 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(53,563 | ) | (48,758 | ) | (320 | ) | (99 | ) | (1,014 | ) | - | (189 | ) | (80 | ) | |||||||||||||||||
MSP contracts |
(1,603 | ) | (1,370 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(1,912 | ) | (1,818 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
1,438 | 2,629 | (73 | ) | (37 | ) | (41 | ) | - | (6 | ) | (3 | ) | |||||||||||||||||||
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Net equity transactions |
(706,359 | ) | (811,408 | ) | 41,440,245 | 9,318,685 | 11,969,319 | - | (5,347 | ) | 38,879 | |||||||||||||||||||||
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Net change in contract owners equity |
879,866 | 2,416,059 | 41,486,825 | 10,145,299 | 11,985,782 | - | (4,573 | ) | 40,802 | |||||||||||||||||||||||
Contract owners equity beginning of period |
12,228,151 | 9,812,092 | 25,512,559 | 15,367,260 | - | - | 41,751 | 949 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 13,108,017 | 12,228,151 | 66,999,384 | 25,512,559 | 11,985,782 | - | 37,178 | 41,751 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
609,225 | 657,466 | 2,302,534 | 1,438,087 | - | - | 3,565 | 92 | ||||||||||||||||||||||||
Units purchased |
50,005 | 53,238 | 3,795,995 | 886,216 | 1,259,402 | - | 173 | 3,645 | ||||||||||||||||||||||||
Units redeemed |
(79,640 | ) | (101,479 | ) | (75,928 | ) | (21,742 | ) | (81,237 | ) | - | (684 | ) | (172 | ) | |||||||||||||||||
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Ending units |
579,590 | 609,225 | 6,022,601 | 2,302,534 | 1,178,165 | - | 3,054 | 3,565 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
IVKMG1 | IVBRA1 | JPMMV1 | JABS | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (3,517 | ) | 12,815 | - | - | 42,493 | 30,609 | 316,466 | 314,159 | ||||||||||||||||||||||
Realized gain (loss) on investments |
257,214 | 96,972 | (77 | ) | - | 355,721 | 122,182 | 348,980 | 182,155 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
98,049 | 1,082,813 | (11,226 | ) | - | 468,058 | 859,020 | 566,921 | 1,810,550 | |||||||||||||||||||||||
Reinvested capital gains |
- | - | 8,315 | - | 409,988 | 42,386 | 581,544 | 766,071 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
351,746 | 1,192,600 | (2,988 | ) | - | 1,276,260 | 1,054,197 | 1,813,911 | 3,072,935 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
145,854 | 183,463 | 684 | - | 675,911 | 394,715 | 2,038,225 | 4,022,552 | ||||||||||||||||||||||||
Transfers between funds |
876,549 | (18,926 | ) | 400,155 | - | 2,631,355 | 3,206,837 | 1,732,017 | 301,587 | |||||||||||||||||||||||
Surrenders (note 6) |
(569,942 | ) | (188,114 | ) | - | - | (193,230 | ) | (15,162 | ) | (471,573 | ) | (676,165 | ) | ||||||||||||||||||
Death Benefits (note 4) |
(5,032 | ) | (30,411 | ) | - | - | (17,732 | ) | (279 | ) | (68,217 | ) | (365,340 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(33,760 | ) | (58,188 | ) | 681 | - | (19,026 | ) | (4,971 | ) | 55,340 | (146,642 | ) | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(1,052 | ) | (1,200 | ) | - | - | - | - | - | (170 | ) | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(116,698 | ) | (108,869 | ) | (1,434 | ) | - | (118,796 | ) | (54,729 | ) | (432,912 | ) | (386,524 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(9,551 | ) | (8,960 | ) | (249 | ) | - | (1,104 | ) | (305 | ) | (13,864 | ) | (13,481 | ) | |||||||||||||||||
MSP contracts |
(348 | ) | (298 | ) | - | - | - | - | (28 | ) | (35 | ) | ||||||||||||||||||||
SL contracts or LSFP contracts |
(1,736 | ) | (1,181 | ) | - | - | - | - | (1,449 | ) | (1,340 | ) | ||||||||||||||||||||
Adjustments to maintain reserves |
12 | 48 | (1 | ) | - | (2 | ) | 2 | (45 | ) | (106 | ) | ||||||||||||||||||||
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Net equity transactions |
284,296 | (232,636 | ) | 399,836 | - | 2,957,376 | 3,526,108 | 2,837,494 | 2,734,336 | |||||||||||||||||||||||
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Net change in contract owners equity |
636,042 | 959,964 | 396,848 | - | 4,233,636 | 4,580,305 | 4,651,405 | 5,807,271 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
4,317,352 | 3,357,388 | - | - | 6,466,290 | 1,885,985 | 20,512,662 | 14,705,391 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 4,953,394 | 4,317,352 | 396,848 | - | 10,699,926 | 6,466,290 | 25,164,067 | 20,512,662 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
321,052 | 341,791 | - | - | 258,597 | 99,517 | 821,725 | 703,225 | ||||||||||||||||||||||||
Units purchased |
86,962 | 36,853 | 38,647 | - | 144,257 | 162,364 | 186,612 | 216,043 | ||||||||||||||||||||||||
Units redeemed |
(66,751 | ) | (57,592 | ) | (172 | ) | - | (30,380 | ) | (3,370 | ) | (74,586 | ) | (97,540 | ) | |||||||||||||||||
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Ending units |
341,263 | 321,052 | 38,475 | - | 372,474 | 258,597 | 933,751 | 821,725 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
JAFBS | JACAS | JAGTS | JAIGS | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 54,792 | - | (17,482 | ) | 217,830 | (5,252 | ) | (5,753 | ) | 1,999,487 | 1,180,277 | ||||||||||||||||||||
Realized gain (loss) on investments |
3,400 | - | 1,940,895 | 5,214,102 | 1,271,107 | 1,744,544 | (2,696,527 | ) | (66,965 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(43,993 | ) | - | (12,114,412 | ) | 6,203,993 | (850,920 | ) | 2,212,702 | (5,919,021 | ) | 4,098,191 | ||||||||||||||||||||
Reinvested capital gains |
- | - | 13,587,607 | - | 873,123 | - | 2,485,570 | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
14,199 | - | 3,396,608 | 11,635,925 | 1,288,058 | 3,951,493 | (4,130,491 | ) | 5,211,503 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
16,707 | - | 1,841,493 | 3,053,217 | 566,188 | 863,085 | 1,172,636 | 1,861,885 | ||||||||||||||||||||||||
Transfers between funds |
4,560,442 | - | (3,563,449 | ) | (4,530,409 | ) | 249,618 | (75,240 | ) | (4,863,723 | ) | (3,930,118 | ) | |||||||||||||||||||
Surrenders (note 6) |
(180,920 | ) | - | (1,942,928 | ) | (3,312,953 | ) | (673,745 | ) | (1,641,583 | ) | (2,026,381 | ) | (4,027,551 | ) | |||||||||||||||||
Death Benefits (note 4) |
- | - | (129,029 | ) | (135,465 | ) | (16,862 | ) | (41,887 | ) | (104,631 | ) | (123,020 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
277 | - | (207,808 | ) | (528,321 | ) | (4,775 | ) | 132,405 | 130,476 | (261,080 | ) | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (1,480 | ) | (5,651 | ) | (268 | ) | (3,440 | ) | (2,469 | ) | (19,960 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(11,035 | ) | - | (1,320,000 | ) | (1,371,183 | ) | (524,785 | ) | (526,335 | ) | (1,033,278 | ) | (1,200,397 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
- | - | (98,382 | ) | (96,547 | ) | (42,699 | ) | (38,559 | ) | (84,943 | ) | (91,958 | ) | ||||||||||||||||||
MSP contracts |
- | - | (2,905 | ) | (2,565 | ) | (1,074 | ) | (892 | ) | (3,142 | ) | (3,014 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (8,418 | ) | (7,940 | ) | (3,043 | ) | (2,764 | ) | (9,250 | ) | (10,175 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
6 | - | 43 | (2,202 | ) | 89 | 65 | 20 | 199 | |||||||||||||||||||||||
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Net equity transactions |
4,385,477 | - | (5,432,863 | ) | (6,940,019 | ) | (451,356 | ) | (1,335,145 | ) | (6,824,685 | ) | (7,805,189 | ) | ||||||||||||||||||
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Net change in contract owners equity |
4,399,676 | - | (2,036,255 | ) | 4,695,906 | 836,702 | 2,616,348 | (10,955,176 | ) | (2,593,686 | ) | |||||||||||||||||||||
Contract owners equity beginning of period |
- | - | 46,697,005 | 42,001,099 | 14,513,340 | 11,896,992 | 40,211,611 | 42,805,297 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 4,399,676 | - | 44,660,750 | 46,697,005 | 15,350,042 | 14,513,340 | 29,256,435 | 40,211,611 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 2,806,731 | 3,302,617 | 1,724,013 | 1,913,179 | 2,331,866 | 2,835,962 | ||||||||||||||||||||||||
Units purchased |
450,289 | - | 278,492 | 172,583 | 185,830 | 201,694 | 107,366 | 135,954 | ||||||||||||||||||||||||
Units redeemed |
(14,362 | ) | - | (612,115 | ) | (676,434 | ) | (243,623 | ) | (390,912 | ) | (511,448 | ) | (641,843 | ) | |||||||||||||||||
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Ending units |
435,927 | - | 2,473,108 | 2,806,731 | 1,666,220 | 1,724,013 | 1,927,784 | 2,331,866 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
JAMVS | LZREMS | LOVMCV | MIGIC | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 64,596 | 14,987 | 420,985 | 292,977 | 1,955 | 3,068 | 18,472 | 22,963 | |||||||||||||||||||||||
Realized gain (loss) on investments |
121,721 | 200,961 | (411,394 | ) | (465,062 | ) | 223,550 | 51,099 | 378,879 | 173,828 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(190,410 | ) | 193,295 | (1,824,609 | ) | (292,362 | ) | (86,265 | ) | 273,931 | (216,992 | ) | 632,754 | |||||||||||||||||||
Reinvested capital gains |
162,184 | 32,727 | 255,607 | 142,641 | - | - | 198,422 | 114,868 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
158,091 | 441,970 | (1,559,411 | ) | (321,806 | ) | 139,240 | 328,098 | 378,781 | 944,413 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
74,515 | 188,148 | 1,055,115 | 1,427,478 | 8,738 | 55,364 | 146,268 | 171,860 | ||||||||||||||||||||||||
Transfers between funds |
(140,927 | ) | (738,669 | ) | 4,879,606 | 1,418,887 | (101,818 | ) | 51,854 | (430,420 | ) | 127,854 | ||||||||||||||||||||
Surrenders (note 6) |
(12,872 | ) | (61,098 | ) | (793,103 | ) | (778,427 | ) | (372,497 | ) | (69,739 | ) | (168,220 | ) | (379,936 | ) | ||||||||||||||||
Death Benefits (note 4) |
- | (6,193 | ) | (149,282 | ) | (91,665 | ) | (716 | ) | (537 | ) | (11,856 | ) | (22,724 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
1,241 | (3,740 | ) | (14,276 | ) | (48,097 | ) | (12,633 | ) | (2,054 | ) | (40,003 | ) | (93,056 | ) | |||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | (407 | ) | (2,036 | ) | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(36,245 | ) | (39,279 | ) | (302,398 | ) | (267,251 | ) | (14,737 | ) | (13,322 | ) | (146,128 | ) | (155,249 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(172 | ) | (185 | ) | (1,941 | ) | (2,134 | ) | (33 | ) | (31 | ) | (14,794 | ) | (14,880 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | (75 | ) | (66 | ) | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | (690 | ) | (799 | ) | ||||||||||||||||||||||
Adjustments to maintain reserves |
(4 | ) | 293 | 59 | (376 | ) | 20 | (63 | ) | 14 | (1 | ) | ||||||||||||||||||||
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Net equity transactions |
(114,464 | ) | (660,723 | ) | 4,673,780 | 1,658,415 | (493,676 | ) | 21,472 | (666,311 | ) | (369,033 | ) | |||||||||||||||||||
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Net change in contract owners equity |
43,627 | (218,753 | ) | 3,114,369 | 1,336,609 | (354,436 | ) | 349,570 | (287,530 | ) | 575,380 | |||||||||||||||||||||
Contract owners equity beginning of period |
1,908,778 | 2,127,531 | 23,822,313 | 22,485,704 | 1,455,733 | 1,106,163 | 3,758,750 | 3,183,370 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 1,952,405 | 1,908,778 | 26,936,682 | 23,822,313 | 1,101,297 | 1,455,733 | 3,471,220 | 3,758,750 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
135,589 | 189,721 | 2,130,245 | 1,981,197 | 84,220 | 83,197 | 156,129 | 172,283 | ||||||||||||||||||||||||
Units purchased |
41,292 | 42,067 | 587,603 | 321,811 | 649 | 7,769 | 6,409 | 11,393 | ||||||||||||||||||||||||
Units redeemed |
(48,817 | ) | (96,435 | ) | (186,180 | ) | (170,098 | ) | (27,595 | ) | (6,771 | ) | (33,168 | ) | (27,547 | ) | ||||||||||||||||
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Ending units |
128,064 | 135,589 | 2,531,668 | 2,130,245 | 57,274 | 84,220 | 129,370 | 156,129 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
MNDIC | MNDSC | MVRISC | MVFIC | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | - | (3,199 | ) | (3,253 | ) | 34,235 | 60,968 | 156,890 | 117,226 | |||||||||||||||||||||
Realized gain (loss) on investments |
42,779 | 25,650 | 237,622 | 15,697 | 385,806 | 75,131 | 1,145,109 | 860,687 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(222,400 | ) | 137,455 | (624,227 | ) | 420,231 | (651,455 | ) | 545,587 | (600,505 | ) | 1,914,460 | ||||||||||||||||||||
Reinvested capital gains |
122,045 | 4,994 | 277,161 | 14,331 | - | - | 317,434 | 30,323 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(57,576 | ) | 168,099 | (112,643 | ) | 447,006 | (231,414 | ) | 681,686 | 1,018,928 | 2,922,696 | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
31,080 | 43,092 | 251,407 | 121,765 | 107,797 | 243,208 | 392,472 | 536,026 | ||||||||||||||||||||||||
Transfers between funds |
(170,468 | ) | 609,436 | (283,240 | ) | 938,884 | (800,616 | ) | 90,946 | (835,842 | ) | (33,869 | ) | |||||||||||||||||||
Surrenders (note 6) |
(34,313 | ) | (64,897 | ) | (82,639 | ) | - | (38,695 | ) | (82,739 | ) | (648,349 | ) | (596,523 | ) | |||||||||||||||||
Death Benefits (note 4) |
- | - | - | - | (105,769 | ) | - | (2,328 | ) | (17,287 | ) | |||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(5,585 | ) | (20,205 | ) | (803,170 | ) | (5,591 | ) | (533,375 | ) | (5 | ) | (186,313 | ) | (192,046 | ) | ||||||||||||||||
Deductions for surrender charges (note 2d) |
(5 | ) | - | - | - | - | - | (2,266 | ) | (9,946 | ) | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(24,194 | ) | (16,694 | ) | (30,259 | ) | (16,842 | ) | (56,609 | ) | (59,082 | ) | (306,262 | ) | (313,173 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(2,309 | ) | (1,772 | ) | (48 | ) | (24 | ) | (268 | ) | (215 | ) | (25,315 | ) | (24,736 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | (1,078 | ) | (962 | ) | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | (7,559 | ) | (6,990 | ) | ||||||||||||||||||||||
Adjustments to maintain reserves |
3 | 2 | (20 | ) | 11 | (3 | ) | 8 | (11 | ) | (19 | ) | ||||||||||||||||||||
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|
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|
|||||||||||||||||
Net equity transactions |
(205,791 | ) | 548,962 | (947,969 | ) | 1,038,203 | (1,427,538 | ) | 192,121 | (1,622,851 | ) | (659,525 | ) | |||||||||||||||||||
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|
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|
|
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|
|
|
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|
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|
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|
|||||||||||||||||
Net change in contract owners equity |
(263,367 | ) | 717,061 | (1,060,612 | ) | 1,485,209 | (1,658,952 | ) | 873,807 | (603,923 | ) | 2,263,171 | ||||||||||||||||||||
Contract owners equity beginning of period |
797,640 | 80,579 | 2,155,892 | 670,683 | 4,491,538 | 3,617,731 | 10,619,793 | 8,356,622 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Contract owners equity end of period |
$ | 534,273 | 797,640 | 1,095,280 | 2,155,892 | 2,832,586 | 4,491,538 | 10,015,870 | 10,619,793 | |||||||||||||||||||||||
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|
|
|
|
|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
54,531 | 7,796 | 148,553 | 65,112 | 423,329 | 403,657 | 368,819 | 394,370 | ||||||||||||||||||||||||
Units purchased |
2,855 | 54,558 | 35,042 | 85,199 | 16,854 | 38,246 | 18,337 | 38,962 | ||||||||||||||||||||||||
Units redeemed |
(18,002 | ) | (7,823 | ) | (101,853 | ) | (1,758 | ) | (152,081 | ) | (18,657 | ) | (72,392 | ) | (64,512 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
39,384 | 54,531 | 81,742 | 148,553 | 288,102 | 423,329 | 314,764 | 368,819 | ||||||||||||||||||||||||
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|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
MVFSC | MVIVSC | MSVFI | MSEM | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 329,754 | 203,886 | 971,624 | 577,847 | 47,808 | 68,349 | 2,119,928 | 1,602,858 | |||||||||||||||||||||||
Realized gain (loss) on investments |
3,858,805 | 2,046,774 | 2,723,214 | 2,432,380 | 37,057 | 36,049 | 2,955 | 191,427 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,255,213 | ) | 5,368,825 | (3,182,137 | ) | 8,859,175 | 43,893 | (110,481 | ) | (1,338,232 | ) | (6,111,832 | ) | |||||||||||||||||||
Reinvested capital gains |
917,522 | 79,614 | - | - | - | - | 297,415 | 504,268 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
2,850,868 | 7,699,099 | 512,701 | 11,869,402 | 128,758 | (6,083 | ) | 1,082,066 | (3,813,279 | ) | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
2,020,968 | 2,616,004 | 2,111,605 | 1,735,546 | 67,373 | 86,985 | 259,749 | 393,550 | ||||||||||||||||||||||||
Transfers between funds |
(4,250,767 | ) | (1,603,049 | ) | 3,962,787 | 3,587,206 | (70,224 | ) | (414,866 | ) | (134,321 | ) | 2,066,712 | |||||||||||||||||||
Surrenders (note 6) |
(1,614,621 | ) | (87,363 | ) | (1,939,471 | ) | (429,745 | ) | (52,618 | ) | (173,381 | ) | (505,610 | ) | (837,617 | ) | ||||||||||||||||
Death Benefits (note 4) |
(56,909 | ) | (197,599 | ) | (163,188 | ) | (160,695 | ) | (7,365 | ) | (4,550 | ) | (133,129 | ) | (171,685 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(33,253 | ) | (133,118 | ) | (120,327 | ) | (57,335 | ) | (31,014 | ) | (7,824 | ) | (36,683 | ) | (4,577 | ) | ||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | (47 | ) | (1,575 | ) | (877 | ) | (328 | ) | ||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(439,050 | ) | (385,026 | ) | (666,748 | ) | (561,692 | ) | (72,251 | ) | (82,350 | ) | (476,921 | ) | (521,816 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(6,784 | ) | (5,081 | ) | (3,551 | ) | (2,566 | ) | (6,833 | ) | (7,273 | ) | (16,024 | ) | (18,576 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | (528 | ) | (518 | ) | (270 | ) | (270 | ) | ||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | (663 | ) | (861 | ) | (1,216 | ) | (1,685 | ) | ||||||||||||||||||||
Adjustments to maintain reserves |
(56 | ) | (884 | ) | (103 | ) | (3,621 | ) | 12 | (10 | ) | 4 | (53 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net equity transactions |
(4,380,472 | ) | 203,884 | 3,181,004 | 4,107,098 | (174,158 | ) | (606,223 | ) | (1,045,298 | ) | 903,655 | ||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
(1,529,604 | ) | 7,902,983 | 3,693,705 | 15,976,500 | (45,400 | ) | (612,306 | ) | 36,768 | (2,909,624 | ) | ||||||||||||||||||||
Contract owners equity beginning of period |
29,309,020 | 21,406,037 | 56,931,951 | 40,955,451 | 1,763,427 | 2,375,733 | 38,132,292 | 41,041,916 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity end of period |
$ | 27,779,416 | 29,309,020 | 60,625,656 | 56,931,951 | 1,718,027 | 1,763,427 | 38,169,060 | 38,132,292 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,108,924 | 2,084,955 | 2,760,169 | 2,528,785 | 119,123 | 159,977 | 985,279 | 977,094 | ||||||||||||||||||||||||
Units purchased |
305,222 | 236,524 | 388,298 | 351,001 | 10,972 | 8,066 | 20,572 | 79,587 | ||||||||||||||||||||||||
Units redeemed |
(596,339 | ) | (211,816 | ) | (235,927 | ) | (101,720 | ) | (22,491 | ) | (48,919 | ) | (50,709 | ) | (70,629 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
1,817,807 | 2,108,924 | 2,912,540 | 2,760,169 | 107,604 | 119,123 | 955,142 | 985,279 | ||||||||||||||||||||||||
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|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
VKVGR2 | MSVMG | MSVEG | MSVRE | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 17,834 | 81,920 | (29,279 | ) | 17,505 | (3,269 | ) | 4,851 | 214,359 | 205,184 | |||||||||||||||||||||
Realized gain (loss) on investments |
35,599 | 285,009 | 226,531 | (104,004 | ) | 170,796 | 143,734 | 1,092,973 | 4,818,466 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
444,934 | (316,598 | ) | (1,831,183 | ) | 3,644,262 | (183,638 | ) | 393,090 | 3,397,062 | (4,501,707 | ) | ||||||||||||||||||||
Reinvested capital gains |
- | - | 1,857,615 | 277,194 | 86,300 | 74,256 | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
498,367 | 50,331 | 223,684 | 3,834,957 | 70,189 | 615,931 | 4,704,394 | 521,943 | ||||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
612,704 | 626,074 | 112,088 | 267,180 | 171,145 | 15,365 | 168,386 | 258,687 | ||||||||||||||||||||||||
Transfers between funds |
1,027,625 | 4,575 | (93,992 | ) | (1,300,756 | ) | (470,012 | ) | (538,659 | ) | (673,397 | ) | (6,012,360 | ) | ||||||||||||||||||
Surrenders (note 6) |
(150,937 | ) | (33,772 | ) | (239,676 | ) | (322,176 | ) | (6,575 | ) | (18,430 | ) | (575,624 | ) | (1,875,101 | ) | ||||||||||||||||
Death Benefits (note 4) |
(8,508 | ) | (811 | ) | (31,757 | ) | (26,108 | ) | (1,233 | ) | - | - | (39,675 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(29,999 | ) | (49,587 | ) | (31,681 | ) | (91,612 | ) | (884 | ) | (42 | ) | (386 | ) | (1,696 | ) | ||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(65,030 | ) | (53,953 | ) | (153,248 | ) | (148,031 | ) | (48,769 | ) | (48,002 | ) | (193,611 | ) | (273,927 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(430 | ) | (468 | ) | (873 | ) | (791 | ) | (156 | ) | (45 | ) | - | (12 | ) | |||||||||||||||||
MSP contracts |
- | - | - | - | - | - | 6 | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | (1 | ) | |||||||||||||||||||||||
Adjustments to maintain reserves |
(15 | ) | 347 | (6 | ) | 251 | (5 | ) | 366 | (220 | ) | (111 | ) | |||||||||||||||||||
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|
|||||||||||||||||
Net equity transactions |
1,385,410 | 492,405 | (439,145 | ) | (1,622,043 | ) | (356,489 | ) | (589,447 | ) | (1,274,846 | ) | (7,944,196 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
1,883,777 | 542,736 | (215,461 | ) | 2,212,914 | (286,300 | ) | 26,484 | 3,429,548 | (7,422,253 | ) | |||||||||||||||||||||
Contract owners equity beginning of period |
2,913,382 | 2,370,646 | 13,482,809 | 11,269,895 | 1,566,998 | 1,540,514 | 16,994,730 | 24,416,983 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity end of period |
$ | 4,797,159 | 2,913,382 | 13,267,348 | 13,482,809 | 1,280,698 | 1,566,998 | 20,424,278 | 16,994,730 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
290,891 | 242,254 | 785,039 | 900,392 | 93,010 | 135,128 | 453,779 | 660,510 | ||||||||||||||||||||||||
Units purchased |
169,420 | 143,854 | 61,867 | 39,289 | 13,571 | 21,587 | 16,169 | 9,701 | ||||||||||||||||||||||||
Units redeemed |
(38,615 | ) | (95,071 | ) | (88,063 | ) | (154,721 | ) | (35,007 | ) | (63,826 | ) | (51,992 | ) | (204,624 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
421,696 | 290,891 | 758,843 | 785,039 | 71,574 | 93,010 | 417,956 | 453,779 | ||||||||||||||||||||||||
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|
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVIX | NVBX | NCPG | IDPGI | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 240,818 | - | 1,265,653 | - | 1,140 | - | - | - | |||||||||||||||||||||||
Realized gain (loss) on investments |
(45,074 | ) | - | 1,537 | - | (4 | ) | - | - | - | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,137,967 | ) | - | (631,757 | ) | - | (1,292 | ) | - | - | - | |||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | 572 | - | - | - | ||||||||||||||||||||||||
|
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|
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|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(942,223 | ) | - | 635,433 | - | 416 | - | - | - | |||||||||||||||||||||||
|
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|
|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
571,085 | - | 619,853 | - | 3,976 | - | - | - | ||||||||||||||||||||||||
Transfers between funds |
12,109,268 | - | 56,805,606 | - | 39,526 | - | - | - | ||||||||||||||||||||||||
Surrenders (note 6) |
(35,937 | ) | - | - | - | - | - | - | - | |||||||||||||||||||||||
Death Benefits (note 4) |
(3,927 | ) | - | - | - | - | - | - | - | |||||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(118,826 | ) | - | - | - | - | - | - | - | |||||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(135,283 | ) | - | (106,344 | ) | - | (557 | ) | - | - | - | |||||||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(3,469 | ) | - | (532 | ) | - | (45 | ) | - | - | - | |||||||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
(20 | ) | - | (8 | ) | - | 3 | - | - | - | ||||||||||||||||||||||
|
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|
|||||||||||||||||
Net equity transactions |
12,382,891 | - | 57,318,575 | - | 42,903 | - | - | - | ||||||||||||||||||||||||
|
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|
|||||||||||||||||
Net change in contract owners equity |
11,440,668 | - | 57,954,008 | - | 43,319 | - | - | - | ||||||||||||||||||||||||
Contract owners equity beginning of period |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
Contract owners equity end of period |
$ | 11,440,668 | - | 57,954,008 | - | 43,319 | - | - | - | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Units purchased |
1,303,181 | - | 5,656,095 | - | 4,356 | - | - | - | ||||||||||||||||||||||||
Units redeemed |
(58,002 | ) | - | (10,464 | ) | - | (60 | ) | - | - | - | |||||||||||||||||||||
|
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|
|||||||||||||||||
Ending units |
1,245,179 | - | 5,645,631 | - | 4,296 | - | - | - | ||||||||||||||||||||||||
|
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|
|
|
|
|
|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVAMV1 | GVAAA2 | GVABD2 | GVAGG2 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 806,692 | 688,922 | 75,892 | 89,468 | 18,967 | 29,269 | 47,202 | 23,328 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,346,695 | 870,217 | 649,323 | 140,221 | 16,804 | 41,213 | 459,878 | 228,218 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,640,942 | ) | 7,819,670 | (349,691 | ) | 1,191,311 | 26,171 | (117,435 | ) | (370,537 | ) | 1,271,504 | ||||||||||||||||||||
Reinvested capital gains |
4,487,169 | 722,334 | 12,475 | 1,663 | 13,492 | 487 | - | - | ||||||||||||||||||||||||
|
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
4,999,614 | 10,101,143 | 387,999 | 1,422,663 | 75,434 | (46,466 | ) | 136,543 | 1,523,050 | |||||||||||||||||||||||
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|
|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,673,164 | 1,858,590 | 448,499 | 414,845 | 93,187 | 107,171 | 322,630 | 277,555 | ||||||||||||||||||||||||
Transfers between funds |
(1,074,824 | ) | 121,615 | 341,263 | 604,008 | 21,249 | (126,329 | ) | (22,224 | ) | 686,979 | |||||||||||||||||||||
Surrenders (note 6) |
(2,540,570 | ) | (2,868,802 | ) | (384,422 | ) | (417,614 | ) | (77,170 | ) | (296,862 | ) | (319,763 | ) | (302,786 | ) | ||||||||||||||||
Death Benefits (note 4) |
(222,500 | ) | (281,276 | ) | (51,129 | ) | (1,338 | ) | (995 | ) | (31,313 | ) | (6,100 | ) | (74,845 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(12,393 | ) | (86,845 | ) | 39,857 | (148,657 | ) | (1,071 | ) | 9,879 | (67,103 | ) | (107,746 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
(2,756 | ) | (11,405 | ) | (14,206 | ) | (1,534 | ) | (1,310 | ) | (8,845 | ) | (2,001 | ) | (2,005 | ) | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,491,080 | ) | (1,503,553 | ) | (296,083 | ) | (264,771 | ) | (93,880 | ) | (100,109 | ) | (221,192 | ) | (216,027 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(140,361 | ) | (132,684 | ) | (24,638 | ) | (21,483 | ) | (5,322 | ) | (5,870 | ) | (21,009 | ) | (19,482 | ) | ||||||||||||||||
MSP contracts |
(6,351 | ) | (5,582 | ) | (5,764 | ) | (5,012 | ) | (747 | ) | (810 | ) | (1,281 | ) | (1,185 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(15,990 | ) | (15,900 | ) | (7,524 | ) | (7,402 | ) | (1,613 | ) | (1,648 | ) | (3,144 | ) | (2,789 | ) | ||||||||||||||||
Adjustments to maintain reserves |
11 | (5 | ) | (3 | ) | 16 | (4 | ) | 4 | (9 | ) | (1 | ) | |||||||||||||||||||
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Net equity transactions |
(3,833,650 | ) | (2,925,847 | ) | 45,850 | 151,058 | (67,676 | ) | (454,732 | ) | (341,196 | ) | 237,668 | |||||||||||||||||||
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Net change in contract owners equity |
1,165,964 | 7,175,296 | 433,849 | 1,573,721 | 7,758 | (501,198 | ) | (204,653 | ) | 1,760,718 | ||||||||||||||||||||||
Contract owners equity beginning of period |
39,757,407 | 32,582,111 | 7,636,273 | 6,062,552 | 1,537,507 | 2,038,705 | 6,738,800 | 4,978,082 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 40,923,371 | 39,757,407 | 8,070,122 | 7,636,273 | 1,545,265 | 1,537,507 | 6,534,147 | 6,738,800 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,832,139 | 1,980,422 | 487,528 | 477,179 | 122,305 | 158,000 | 394,540 | 374,929 | ||||||||||||||||||||||||
Units purchased |
86,625 | 110,539 | 53,189 | 77,258 | 9,372 | 10,862 | 26,992 | 70,655 | ||||||||||||||||||||||||
Units redeemed |
(251,598 | ) | (258,822 | ) | (49,981 | ) | (66,910 | ) | (14,584 | ) | (46,557 | ) | (45,870 | ) | (51,044 | ) | ||||||||||||||||
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Ending units |
1,667,166 | 1,832,139 | 490,736 | 487,528 | 117,093 | 122,305 | 375,662 | 394,540 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GVAGR2 | GVAGI2 | HIBF | GEM | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 42,607 | 29,209 | 25,692 | 27,608 | 1,225,741 | 1,087,366 | 156,824 | 90,318 | |||||||||||||||||||||||
Realized gain (loss) on investments |
842,576 | 708,414 | 160,206 | 239,093 | 378,296 | 430,636 | (187,711 | ) | 160,811 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(144,348 | ) | 1,620,058 | 105,627 | 534,457 | (1,117,148 | ) | (296,561 | ) | (492,917 | ) | (213,482 | ) | |||||||||||||||||||
Reinvested capital gains |
- | - | 29,410 | - | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
740,835 | 2,357,681 | 320,935 | 801,158 | 486,889 | 1,221,441 | (523,804 | ) | 37,647 | |||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
382,676 | 635,355 | 104,926 | 101,548 | 446,859 | 939,562 | 491,723 | 154,338 | ||||||||||||||||||||||||
Transfers between funds |
(234,904 | ) | 519,881 | (50,423 | ) | 180,064 | 4,632,729 | (5,171,244 | ) | 5,859,530 | (1,177,553 | ) | ||||||||||||||||||||
Surrenders (note 6) |
(749,978 | ) | (784,366 | ) | (91,070 | ) | (321,585 | ) | (757,333 | ) | (383,729 | ) | (458,754 | ) | (1,256,208 | ) | ||||||||||||||||
Death Benefits (note 4) |
(3,821 | ) | (16,368 | ) | (4,044 | ) | (2,864 | ) | (188,353 | ) | (79,338 | ) | (36,867 | ) | (5,460 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(268,797 | ) | (2,205 | ) | (28,491 | ) | (4,823 | ) | (36,273 | ) | (21,470 | ) | (36,821 | ) | (15,072 | ) | ||||||||||||||||
Deductions for surrender charges (note 2d) |
(3,835 | ) | (13,300 | ) | (919 | ) | (152 | ) | (1,425 | ) | (80 | ) | (1,143 | ) | (537 | ) | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(298,114 | ) | (297,944 | ) | (87,757 | ) | (81,783 | ) | (540,562 | ) | (293,445 | ) | (351,033 | ) | (189,435 | ) | ||||||||||||||||
Asset charges (note 3): |
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FPVUL & VEL contracts |
(27,939 | ) | (25,828 | ) | (8,310 | ) | (7,622 | ) | (32,183 | ) | (11,647 | ) | (22,595 | ) | (5,987 | ) | ||||||||||||||||
MSP contracts |
(1,918 | ) | (1,730 | ) | (1,441 | ) | (1,148 | ) | (1,759 | ) | (1,037 | ) | (4,556 | ) | (198 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(5,630 | ) | (5,876 | ) | (1,620 | ) | (1,449 | ) | (5,492 | ) | (1,063 | ) | (3,026 | ) | (321 | ) | ||||||||||||||||
Adjustments to maintain reserves |
5 | - | (2 | ) | 2 | 8 | 70 | (30 | ) | 275 | ||||||||||||||||||||||
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Net equity transactions |
(1,212,255 | ) | 7,619 | (169,151 | ) | (139,812 | ) | 3,516,216 | (5,023,421 | ) | 5,436,428 | (2,496,158 | ) | |||||||||||||||||||
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Net change in contract owners equity |
(471,420 | ) | 2,365,300 | 151,784 | 661,346 | 4,003,105 | (3,801,980 | ) | 4,912,624 | (2,458,511 | ) | |||||||||||||||||||||
Contract owners equity beginning of period |
10,165,319 | 7,800,019 | 3,183,307 | 2,521,961 | 17,286,424 | 21,088,404 | 9,214,541 | 11,673,052 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 9,693,899 | 10,165,319 | 3,335,091 | 3,183,307 | 21,289,529 | 17,286,424 | 14,127,165 | 9,214,541 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
660,438 | 656,818 | 235,408 | 247,986 | 679,469 | 891,109 | 347,886 | 443,026 | ||||||||||||||||||||||||
Units purchased |
43,223 | 80,959 | 9,158 | 24,485 | 561,367 | 49,949 | 384,334 | 8,748 | ||||||||||||||||||||||||
Units redeemed |
(120,864 | ) | (77,339 | ) | (20,817 | ) | (37,063 | ) | (424,682 | ) | (261,533 | ) | (174,792 | ) | (103,903 | ) | ||||||||||||||||
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Ending units |
582,797 | 660,438 | 223,749 | 235,408 | 816,154 | 679,469 | 557,428 | 347,886 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GIG | NVIE6 | NVNMO1 | NVNSR1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 531,200 | 51,635 | 10,101 | 1,343 | 151,018 | 158,847 | 3,042 | 6,940 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,308,154 | 281,671 | 6,374 | 3,850 | 564,758 | 546,139 | 206,595 | 24,773 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,029,710 | ) | 1,584,521 | (18,097 | ) | 36,191 | (2,305,020 | ) | 4,123,577 | (159,138 | ) | 177,700 | ||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | 2,663,751 | 643,980 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(190,356 | ) | 1,917,827 | (1,622 | ) | 41,384 | 1,074,507 | 5,472,543 | 50,499 | 209,413 | ||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
615,217 | 628,083 | - | - | 606,648 | 695,127 | 18,425 | 23,579 | ||||||||||||||||||||||||
Transfers between funds |
3,586,909 | 1,083,332 | (9,207 | ) | (92 | ) | (597,451 | ) | 10,519 | (449,784 | ) | 551,722 | ||||||||||||||||||||
Surrenders (note 6) |
(903,296 | ) | (795,340 | ) | (4,392 | ) | (8,064 | ) | (697,078 | ) | (1,196,378 | ) | (65,057 | ) | (12,802 | ) | ||||||||||||||||
Death Benefits (note 4) |
(8,058 | ) | (29,951 | ) | - | - | (132,461 | ) | (74,247 | ) | - | (76,445 | ) | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
(35,621 | ) | (33,963 | ) | (73 | ) | (358 | ) | 34,911 | 26,189 | (135,492 | ) | (2,905 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
(86 | ) | (64 | ) | (32 | ) | (827 | ) | (132 | ) | (731 | ) | - | (162 | ) | |||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(343,312 | ) | (277,201 | ) | (6,157 | ) | (6,415 | ) | (654,791 | ) | (656,579 | ) | (23,035 | ) | (26,075 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(26,008 | ) | (18,319 | ) | (489 | ) | (494 | ) | (57,158 | ) | (54,895 | ) | (1,343 | ) | (1,627 | ) | ||||||||||||||||
MSP contracts |
(1,184 | ) | (440 | ) | - | - | (1,882 | ) | (1,665 | ) | (27 | ) | (15 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
(3,182 | ) | (1,848 | ) | (849 | ) | (810 | ) | (4,559 | ) | (3,965 | ) | (645 | ) | (527 | ) | ||||||||||||||||
Adjustments to maintain reserves |
32 | 1,551 | (4 | ) | (2 | ) | (9 | ) | 4 | (5 | ) | 4 | ||||||||||||||||||||
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Net equity transactions |
2,881,411 | 555,840 | (21,203 | ) | (17,062 | ) | (1,503,962 | ) | (1,256,621 | ) | (656,963 | ) | 454,747 | |||||||||||||||||||
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Net change in contract owners equity |
2,691,055 | 2,473,667 | (22,825 | ) | 24,322 | (429,455 | ) | 4,215,922 | (606,464 | ) | 664,160 | |||||||||||||||||||||
Contract owners equity beginning of period |
13,055,210 | 10,581,543 | 270,431 | 246,109 | 17,223,307 | 13,007,385 | 955,287 | 291,127 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 15,746,265 | 13,055,210 | 247,606 | 270,431 | 16,793,852 | 17,223,307 | 348,823 | 955,287 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
796,673 | 758,056 | 27,530 | 29,454 | 1,264,376 | 1,373,296 | 63,496 | 26,852 | ||||||||||||||||||||||||
Units purchased |
636,624 | 145,131 | 25,931 | - | 51,916 | 91,365 | 3,686 | 48,483 | ||||||||||||||||||||||||
Units redeemed |
(472,575 | ) | (106,140 | ) | (28,072 | ) | (1,924 | ) | (159,769 | ) | (200,285 | ) | (46,219 | ) | (11,839 | ) | ||||||||||||||||
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Ending units |
960,722 | 796,673 | 25,389 | 27,530 | 1,156,523 | 1,264,376 | 20,963 | 63,496 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVCRA1 | NVCRB1 | NVCCA1 | NVCCN1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 86,482 | 39,606 | 3,919,302 | 2,542,198 | 172,299 | 101,789 | 120,707 | 88,190 | |||||||||||||||||||||||
Realized gain (loss) on investments |
235,539 | 164,487 | 604,671 | 358,570 | 452,247 | 177,855 | 95,343 | 97,461 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(343,408 | ) | 444,154 | (1,470,444 | ) | 14,936,440 | (517,837 | ) | 687,143 | (191,744 | ) | (24,553 | ) | |||||||||||||||||||
Reinvested capital gains |
177,391 | 68,963 | 4,167,905 | 3,319,805 | 208,736 | 167,023 | 152,576 | 66,634 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
156,004 | 717,210 | 7,221,434 | 21,157,013 | 315,445 | 1,133,810 | 176,882 | 227,732 | ||||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
1,013,156 | 1,005,777 | 1,592,373 | 1,766,110 | 1,478,971 | 1,726,498 | 1,077,950 | 1,381,905 | ||||||||||||||||||||||||
Transfers between funds |
245,583 | 127,992 | 1,033,112 | (186,541 | ) | (846,910 | ) | 186,673 | 136,657 | (832,082 | ) | |||||||||||||||||||||
Surrenders (note 6) |
(298,974 | ) | (204,340 | ) | (4,163 | ) | (71,606 | ) | (31,658 | ) | (319,670 | ) | (153,112 | ) | (456,239 | ) | ||||||||||||||||
Death Benefits (note 4) |
(9,501 | ) | (2,237 | ) | (707,942 | ) | (780,808 | ) | (8,083 | ) | - | (4,041 | ) | - | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(288,511 | ) | (167,656 | ) | (372,307 | ) | (203,236 | ) | (316,109 | ) | (238,293 | ) | (42,255 | ) | (108,437 | ) | ||||||||||||||||
Deductions for surrender charges (note 2d) |
(464 | ) | (7,216 | ) | - | (3,500 | ) | - | - | (6,033 | ) | (1,395 | ) | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(185,761 | ) | (139,555 | ) | (1,635,982 | ) | (1,507,287 | ) | (283,012 | ) | (257,748 | ) | (216,899 | ) | (201,041 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(10,774 | ) | (8,922 | ) | (14,733 | ) | (11,569 | ) | (19,698 | ) | (18,876 | ) | (12,745 | ) | (12,095 | ) | ||||||||||||||||
MSP contracts |
(241 | ) | (216 | ) | (327 | ) | (559 | ) | (447 | ) | (405 | ) | (545 | ) | (374 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(30 | ) | (36 | ) | (864 | ) | (834 | ) | (1,497 | ) | (1,469 | ) | (245 | ) | (150 | ) | ||||||||||||||||
Adjustments to maintain reserves |
6 | 278 | (16 | ) | 84 | 1 | (11 | ) | (6 | ) | 1,545 | |||||||||||||||||||||
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Net equity transactions |
464,489 | 603,869 | (110,849 | ) | (999,746 | ) | (28,442 | ) | 1,076,699 | 778,726 | (228,363 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
620,493 | 1,321,079 | 7,110,585 | 20,157,267 | 287,003 | 2,210,509 | 955,608 | (631 | ) | |||||||||||||||||||||||
Contract owners equity beginning of period |
3,541,688 | 2,220,609 | 165,624,736 | 145,467,469 | 6,867,707 | 4,657,198 | 4,544,807 | 4,545,438 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 4,162,181 | 3,541,688 | 172,735,321 | 165,624,736 | 7,154,710 | 6,867,707 | 5,500,415 | 4,544,807 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
261,976 | 213,377 | 10,209,139 | 10,264,208 | 505,936 | 417,509 | 357,466 | 376,288 | ||||||||||||||||||||||||
Units purchased |
96,606 | 102,592 | 206,435 | 158,882 | 118,352 | 181,666 | 126,520 | 127,316 | ||||||||||||||||||||||||
Units redeemed |
(64,480 | ) | (54,022 | ) | (190,936 | ) | (213,950 | ) | (121,980 | ) | (93,241 | ) | (65,570 | ) | (146,254 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
294,102 | 261,976 | 10,224,638 | 10,209,139 | 502,308 | 505,936 | 418,416 | 357,466 | ||||||||||||||||||||||||
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|
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVCMD1 | NVCMA1 | NVCMC1 | NVCBD1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 181,666 | 100,085 | 176,852 | 98,377 | 90,189 | 51,099 | 27,682 | 22,467 | |||||||||||||||||||||||
Realized gain (loss) on investments |
80,944 | 227,565 | 281,263 | 178,502 | 110,618 | 39,288 | (10,997 | ) | 5,777 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(117,258 | ) | 517,067 | (745,384 | ) | 748,466 | (154,284 | ) | 122,255 | 23,730 | (58,915 | ) | ||||||||||||||||||||
Reinvested capital gains |
170,866 | 144,168 | 572,239 | 264,738 | 95,015 | 53,849 | - | 9,684 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
316,218 | 988,885 | 284,970 | 1,290,083 | 141,538 | 266,491 | 40,415 | (20,987 | ) | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,074,902 | 1,155,454 | 504,027 | 461,072 | 816,784 | 730,443 | 40,421 | 70,236 | ||||||||||||||||||||||||
Transfers between funds |
180,840 | (650,972 | ) | (446,534 | ) | 956,270 | 47,178 | 447,119 | 123,799 | 83,491 | ||||||||||||||||||||||
Surrenders (note 6) |
(150,493 | ) | (273,923 | ) | (288,093 | ) | (281,385 | ) | (4,494 | ) | (4,352 | ) | (34,166 | ) | (205,521 | ) | ||||||||||||||||
Death Benefits (note 4) |
(20,221 | ) | (202,323 | ) | (65,732 | ) | - | (8,465 | ) | - | (3,670 | ) | (1,422 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
111,603 | (24,419 | ) | 63,452 | (94,241 | ) | (116,613 | ) | (191,889 | ) | (11,792 | ) | 2,664 | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | (4,282 | ) | (496 | ) | (3,853 | ) | (33 | ) | - | - | (21 | ) | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(320,137 | ) | (291,634 | ) | (191,484 | ) | (170,873 | ) | (163,018 | ) | (130,190 | ) | (20,621 | ) | (29,323 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(16,876 | ) | (14,428 | ) | (19,154 | ) | (17,016 | ) | (7,201 | ) | (5,401 | ) | (1,966 | ) | (2,533 | ) | ||||||||||||||||
MSP contracts |
(1,662 | ) | (1,033 | ) | (4,120 | ) | (3,577 | ) | (2,062 | ) | (1,371 | ) | (71 | ) | (96 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(5,531 | ) | (5,197 | ) | (5,345 | ) | (4,954 | ) | (166 | ) | (153 | ) | (1,230 | ) | (1,257 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(14 | ) | 2 | (16 | ) | 1,757 | 4 | 1 | 1 | 5 | ||||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
852,411 | (312,755 | ) | (453,495 | ) | 843,200 | 561,914 | 844,207 | 90,705 | (83,777 | ) | |||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
1,168,629 | 676,130 | (168,525 | ) | 2,133,283 | 703,452 | 1,110,698 | 131,120 | (104,764 | ) | ||||||||||||||||||||||
Contract owners equity beginning of period |
6,256,218 | 5,580,088 | 7,290,898 | 5,157,615 | 3,134,027 | 2,023,329 | 859,611 | 964,375 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity end of period |
$ | 7,424,847 | 6,256,218 | 7,122,373 | 7,290,898 | 3,837,479 | 3,134,027 | 990,731 | 859,611 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
465,232 | 489,603 | 539,732 | 475,266 | 234,164 | 168,356 | 65,876 | 72,492 | ||||||||||||||||||||||||
Units purchased |
147,028 | 102,357 | 58,639 | 111,241 | 79,259 | 91,865 | 23,340 | 21,107 | ||||||||||||||||||||||||
Units redeemed |
(85,208 | ) | (126,728 | ) | (97,585 | ) | (46,941 | ) | (38,516 | ) | (26,051 | ) | (16,945 | ) | (27,723 | ) | ||||||||||||||||
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Ending units |
527,052 | 465,232 | 500,786 | 539,732 | 274,907 | 234,164 | 72,271 | 65,876 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVLCP1 | TRF | GBF | CAF | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 57,910 | 17,472 | 1,200,164 | 1,121,956 | 1,208,221 | 1,660,047 | 56,798 | 99,824 | |||||||||||||||||||||||
Realized gain (loss) on investments |
(5,830 | ) | (9,191 | ) | 1,218,553 | 1,293,468 | (2,603,576 | ) | (3,640,129 | ) | 894,053 | 1,264,030 | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
56,522 | (33,703 | ) | 10,195,924 | 20,954,580 | 4,554,110 | (4,578,319 | ) | 848,874 | 2,580,640 | ||||||||||||||||||||||
Reinvested capital gains |
- | 13,015 | - | - | - | 1,123,667 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
108,602 | (12,407 | ) | 12,614,641 | 23,370,004 | 3,158,755 | (5,434,734 | ) | 1,799,725 | 3,944,494 | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
42,491 | 21,097 | 2,532,158 | 2,603,804 | 1,573,862 | 2,561,943 | 1,022,879 | 1,533,346 | ||||||||||||||||||||||||
Transfers between funds |
1,532,872 | (150,251 | ) | 7,382,732 | (2,577,662 | ) | (22,909,144 | ) | (28,691,799 | ) | (195,869 | ) | (379,876 | ) | ||||||||||||||||||
Surrenders (note 6) |
(73,847 | ) | (17,992 | ) | (2,086,513 | ) | (2,643,725 | ) | (2,013,123 | ) | (8,855,432 | ) | (1,134,214 | ) | (1,476,795 | ) | ||||||||||||||||
Death Benefits (note 4) |
(3,468 | ) | (81,862 | ) | (550,209 | ) | (471,852 | ) | (1,007,774 | ) | (434,973 | ) | (94,292 | ) | (44,077 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(33,930 | ) | 257 | 134,290 | (196,741 | ) | (5,406 | ) | (90,191 | ) | 32,856 | 35,076 | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (2,466 | ) | (5,430 | ) | (695 | ) | (3,882 | ) | (203 | ) | (3 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(74,872 | ) | (55,808 | ) | (2,804,038 | ) | (2,648,408 | ) | (3,071,890 | ) | (3,554,515 | ) | (931,332 | ) | (915,262 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(2,677 | ) | (1,145 | ) | (165,262 | ) | (152,604 | ) | (82,232 | ) | (92,631 | ) | (68,109 | ) | (63,493 | ) | ||||||||||||||||
MSP contracts |
(26 | ) | - | (9,217 | ) | (8,241 | ) | (7,511 | ) | (8,270 | ) | (1,841 | ) | (1,600 | ) | |||||||||||||||||
SL contracts or LSFP contracts |
(2,444 | ) | (1,004 | ) | (7,731 | ) | (6,978 | ) | (15,585 | ) | (22,187 | ) | (3,201 | ) | (3,082 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(1 | ) | 2 | 1,961 | (1,013 | ) | (15 | ) | (1,008 | ) | (10 | ) | (267 | ) | ||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
1,384,098 | (286,706 | ) | 4,425,705 | (6,108,850 | ) | (27,539,513 | ) | (39,192,945 | ) | (1,373,336 | ) | (1,316,033 | ) | ||||||||||||||||||
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Net change in contract owners equity |
1,492,700 | (299,113 | ) | 17,040,346 | 17,261,154 | (24,380,758 | ) | (44,627,679 | ) | 426,389 | 2,628,461 | |||||||||||||||||||||
Contract owners equity beginning of period |
964,406 | 1,263,519 | 96,357,207 | 79,096,053 | 88,111,568 | 132,739,247 | 16,588,174 | 13,959,713 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 2,457,106 | 964,406 | 113,397,553 | 96,357,207 | 63,730,810 | 88,111,568 | 17,014,563 | 16,588,174 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
68,382 | 88,003 | 5,235,424 | 5,630,708 | 4,678,416 | 6,848,651 | 1,193,249 | 1,304,902 | ||||||||||||||||||||||||
Units purchased |
111,065 | 17,407 | 584,530 | 202,698 | 126,964 | 199,038 | 78,969 | 111,493 | ||||||||||||||||||||||||
Units redeemed |
(13,662 | ) | (37,028 | ) | (284,863 | ) | (597,985 | ) | (1,567,420 | ) | (2,368,272 | ) | (172,874 | ) | (223,145 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
165,785 | 68,382 | 5,535,091 | 5,235,424 | 3,237,960 | 4,678,416 | 1,099,344 | 1,193,249 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GVIX2 | GVIDA | NVDBL2 | NVDCA2 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 183,238 | 231,789 | 397,889 | 401,939 | 33,429 | 27,963 | 11,039 | 4,866 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,549,338 | 240,819 | 3,350,387 | 633,966 |
|
47,171 |
|
13,868 | 18,725 | 35,472 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,707,618 | ) | 1,128,503 | (2,469,109 | ) | 4,829,540 | (4,838 | ) | 143,916 | (12,386 | ) | 14,125 | ||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | 7,644 | 14,880 | 9,215 | 3,469 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
24,958 | 1,601,111 | 1,279,167 | 5,865,445 | 83,406 | 200,627 | 26,593 | 57,932 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
310,543 | 1,429,729 | 1,396,138 | 1,495,119 | 33,336 | 26,710 | 49,431 | 24,605 | ||||||||||||||||||||||||
Transfers between funds |
(6,830,214 | ) | 122,388 | (1,893,581 | ) | 752,184 | 213,193 | 255,815 | 330,380 | 38,029 | ||||||||||||||||||||||
Surrenders (note 6) |
(116,291 | ) | (94,573 | ) | (2,782,342 | ) | (1,158,270 | ) | (15,101 | ) | (99,751 | ) | (28,815 | ) | (138,407 | ) | ||||||||||||||||
Death Benefits (note 4) |
(6,600 | ) | (182,252 | ) | (208,320 | ) | (50,736 | ) | - | - | - | - | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(12,977 | ) | (201,704 | ) | (36,351 | ) | (135,321 | ) | (26,231 | ) | (12,694 | ) | 12,041 | (14,676 | ) | |||||||||||||||||
Deductions for surrender charges (note 2d) |
(1,301 | ) | - | (19,565 | ) | (26,020 | ) | (324 | ) | (540 | ) | (340 | ) | - | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(111,663 | ) | (156,104 | ) | (845,459 | ) | (871,113 | ) | (59,180 | ) | (47,968 | ) | (22,212 | ) | (15,203 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(4,064 | ) | (4,547 | ) | (74,240 | ) | (70,804 | ) | (4,413 | ) | (3,213 | ) | (2,332 | ) | (1,258 | ) | ||||||||||||||||
MSP contracts |
(45 | ) | - | (5,214 | ) | (5,222 | ) | - | - | (15 | ) | (5 | ) | |||||||||||||||||||
SL contracts or LSFP contracts |
(1,664 | ) | - | (6,989 | ) | (6,214 | ) | (1,246 | ) | (1,178 | ) | (25 | ) | (284 | ) | |||||||||||||||||
Adjustments to maintain reserves |
8 | 3 | 109 | (15 | ) | (2 | ) | 7 | (10 | ) | 8 | |||||||||||||||||||||
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Net equity transactions |
(6,774,268 | ) | 912,940 | (4,475,814 | ) | (76,412 | ) | 140,032 | 117,188 | 338,103 | (107,191 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
(6,749,310 | ) | 2,514,051 | (3,196,647 | ) | 5,789,033 | 223,438 | 317,815 | 364,696 | (49,259 | ) | |||||||||||||||||||||
Contract owners equity beginning of period |
10,179,629 | 7,665,578 | 27,694,970 | 21,905,937 | 1,744,025 | 1,426,210 | 301,222 | 350,481 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 3,430,319 | 10,179,629 | 24,498,323 | 27,694,970 | 1,967,463 | 1,744,025 | 665,918 | 301,222 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,031,670 | 941,904 | 1,274,214 | 1,281,727 | 109,004 | 101,106 | 16,580 | 23,052 | ||||||||||||||||||||||||
Units purchased |
310,114 | 321,148 | 74,814 | 140,292 | 17,920 | 19,068 | 21,049 | 3,263 | ||||||||||||||||||||||||
Units redeemed |
(973,224 | ) | (231,579 | ) | (275,155 | ) | (147,843 | ) | (9,346 | ) | (11,171 | ) | (2,791 | ) | (9,736 | ) | ||||||||||||||||
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Ending units |
368,560 | 1,031,670 | 1,073,873 | 1,274,214 | 117,578 | 109,004 | 34,838 | 16,580 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GVIDC | GVIDM | GVDMA | GVDMC | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 197,349 | 182,824 | 1,171,957 | 1,145,964 | 1,425,032 | 1,245,120 | 294,639 | 277,830 | |||||||||||||||||||||||
Realized gain (loss) on investments |
104,948 | 214,540 | 2,901,232 | 1,626,580 | 42,660 | (1,112,567 | ) | 593,906 | 465,216 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(234,771 | ) | (33,718 | ) | (489,962 | ) | 8,319,900 | 2,507,673 | 15,501,270 | (445,026 | ) | 741,655 | ||||||||||||||||||||
Reinvested capital gains |
335,347 | 174,807 | - | - | - | - | 304,000 | 212,768 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
402,873 | 538,453 | 3,583,227 | 11,092,444 | 3,975,365 | 15,633,823 | 747,519 | 1,697,469 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
517,171 | 514,139 | 2,950,087 | 3,116,137 | 5,784,771 | 4,745,558 | 586,718 | 707,921 | ||||||||||||||||||||||||
Transfers between funds |
369,056 | (496,136 | ) | (642,279 | ) | (894,387 | ) | 7,208,869 | (2,906,650 | ) | (63,703 | ) | (593,263 | ) | ||||||||||||||||||
Surrenders (note 6) |
(935,570 | ) | (419,095 | ) | (5,447,775 | ) | (6,180,059 | ) | (6,467,500 | ) | (7,129,300 | ) | (562,428 | ) | (867,205 | ) | ||||||||||||||||
Death Benefits (note 4) |
(48,044 | ) | (5,773 | ) | (329,686 | ) | (493,452 | ) | (194,538 | ) | (339,145 | ) | (24,388 | ) | (398,649 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
276,313 | (353,748 | ) | 312,590 | (228,696 | ) | (232,648 | ) | (105,824 | ) | (93,198 | ) | (44,292 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
(476 | ) | (2,413 | ) | (13,252 | ) | (94,666 | ) | (62,274 | ) | (245,958 | ) | (4,276 | ) | (3,091 | ) | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(411,191 | ) | (473,634 | ) | (2,848,441 | ) | (2,951,711 | ) | (2,865,014 | ) | (2,997,087 | ) | (607,131 | ) | (664,657 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(22,626 | ) | (23,606 | ) | (191,799 | ) | (192,052 | ) | (257,486 | ) | (250,034 | ) | (38,432 | ) | (40,288 | ) | ||||||||||||||||
MSP contracts |
(6,694 | ) | (6,959 | ) | (36,071 | ) | (35,457 | ) | (20,811 | ) | (20,020 | ) | (18,679 | ) | (18,083 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(2,924 | ) | (3,139 | ) | (26,739 | ) | (28,833 | ) | (37,523 | ) | (39,130 | ) | (5,970 | ) | (6,475 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(1 | ) | (23 | ) | 32 | 991 | 54 | 17,128 | 28 | (31 | ) | |||||||||||||||||||||
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Net equity transactions |
(264,986 | ) | (1,270,387 | ) | (6,273,333 | ) | (7,982,185 | ) | 2,855,900 | (9,270,462 | ) | (831,459 | ) | (1,928,113 | ) | |||||||||||||||||
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Net change in contract owners equity |
137,887 | (731,934 | ) | (2,690,106 | ) | 3,110,259 | 6,831,265 | 6,363,361 | (83,940 | ) | (230,644 | ) | ||||||||||||||||||||
Contract owners equity beginning of period |
10,837,100 | 11,569,034 | 72,702,876 | 69,592,617 | 79,655,146 | 73,291,785 | 16,808,751 | 17,039,395 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 10,974,987 | 10,837,100 | 70,012,770 | 72,702,876 | 86,486,411 | 79,655,146 | 16,724,811 | 16,808,751 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
675,196 | 755,925 | 3,736,779 | 4,170,660 | 3,786,951 | 4,264,890 | 929,870 | 1,041,782 | ||||||||||||||||||||||||
Units purchased |
96,419 | 68,663 | 207,936 | 243,736 | 641,167 | 283,498 | 71,066 | 56,292 | ||||||||||||||||||||||||
Units redeemed |
(112,640 | ) | (150,243 | ) | (522,600 | ) | (679,783 | ) | (500,823 | ) | (762,532 | ) | (117,494 | ) | (168,110 | ) | ||||||||||||||||
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Ending units |
658,975 | 675,196 | 3,422,115 | 3,736,779 | 3,927,295 | 3,786,951 | 883,442 | 929,870 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
MCIF | SAM | SAM5 | NVMIG1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 740,511 | 686,461 | (15,321 | ) | (16,584 | ) | (436,405 | ) | (416,398 | ) | 179,215 | - | |||||||||||||||||||
Realized gain (loss) on investments |
5,556,452 | 4,480,349 | - | - | - | - | (4,042 | ) | - | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(3,502,944 | ) | 12,015,204 | - | - | - | - | (1,379,414 | ) | - | ||||||||||||||||||||||
Reinvested capital gains |
4,079,802 | 1,750,862 | - | - | - | - | 880,947 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
6,873,821 | 18,932,876 | (15,321 | ) | (16,584 | ) | (436,405 | ) | (416,398 | ) | (323,294 | ) | - | |||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
3,213,699 | 4,617,472 | 5,949,828 | 6,199,387 | 68,155,813 | 66,892,433 | 512,250 | - | ||||||||||||||||||||||||
Transfers between funds |
451,768 | 821,344 | 5,710,270 | 1,763,671 | (38,953,656 | ) | (33,242,340 | ) | 17,055,281 | - | ||||||||||||||||||||||
Surrenders (note 6) |
(3,010,900 | ) | (3,380,664 | ) | (15,546,623 | ) | (22,796,946 | ) | (77,232,110 | ) | (19,274,258 | ) | (495,883 | ) | - | |||||||||||||||||
Death Benefits (note 4) |
(791,800 | ) | (215,376 | ) | (2,650,498 | ) | (1,143,052 | ) | (338,905 | ) | (493,091 | ) | (83,088 | ) | - | |||||||||||||||||
Net policy repayments (loans) (note 5) |
(256,553 | ) | (503,368 | ) | 3,214,577 | 20,537 | 1,601,197 | (978,785 | ) | (35,665 | ) | - | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(2,190 | ) | (17,291 | ) | (104,085 | ) | (33,720 | ) | - | - | (175 | ) | - | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,648,662 | ) | (1,592,655 | ) | (4,767,631 | ) | (5,085,545 | ) | (5,594,705 | ) | (5,156,502 | ) | (508,205 | ) | - | |||||||||||||||||
Asset charges (note 3): |
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FPVUL & VEL contracts |
(107,450 | ) | (100,437 | ) | (235,963 | ) | (262,143 | ) | (44,661 | ) | (38,115 | ) | (39,503 | ) | - | |||||||||||||||||
MSP contracts |
(1,767 | ) | (1,680 | ) | (13,195 | ) | (15,776 | ) | - | - | (1,768 | ) | - | |||||||||||||||||||
SL contracts or LSFP contracts |
(11,043 | ) | (10,937 | ) | (40,520 | ) | (45,034 | ) | - | - | (3,564 | ) | - | |||||||||||||||||||
Adjustments to maintain reserves |
(93 | ) | 1,189 | (211 | ) | (27,392 | ) | (707 | ) | 3,772 | (3 | ) | - | |||||||||||||||||||
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Net equity transactions |
(2,164,991 | ) | (382,403 | ) | (8,484,051 | ) | (21,426,013 | ) | (52,407,734 | ) | 7,713,114 | 16,399,677 | - | |||||||||||||||||||
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Net change in contract owners equity |
4,708,830 | 18,550,473 | (8,499,372 | ) | (21,442,597 | ) | (52,844,139 | ) | 7,296,716 | 16,076,383 | - | |||||||||||||||||||||
Contract owners equity beginning of period |
75,996,983 | 57,446,510 | 64,524,668 | 85,967,265 | 219,396,554 | 212,099,838 | - | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 80,705,813 | 75,996,983 | 56,025,296 | 64,524,668 | 166,552,415 | 219,396,554 | 16,076,383 | - | |||||||||||||||||||||||
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CHANGES IN UNITS: |
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Beginning units |
2,137,602 | 2,141,754 | 4,607,576 | 6,108,577 | 19,129,974 | 18,461,412 | - | - | ||||||||||||||||||||||||
Units purchased |
158,183 | 194,685 | 907,444 | 639,431 | 6,246,930 | 7,309,144 | 1,764,626 | - | ||||||||||||||||||||||||
Units redeemed |
(207,270 | ) | (201,919 | ) | (1,514,427 | ) | (2,140,540 | ) | (10,826,043 | ) | (6,682,381 | ) | (123,432 | ) | - | |||||||||||||||||
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Ending units |
2,088,515 | 2,137,602 | 4,000,593 | 4,607,576 | 14,550,861 | 19,129,974 | 1,641,194 | - | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GVDIVI | NVMLG1 | NVMLV1 | NVMMG1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 117,613 | 15,813 | 56,064 | 79,620 | 96,746 | 93,451 | (198 | ) | (34 | ) | |||||||||||||||||||||
Realized gain (loss) on investments |
(162,801 | ) | (60,189 | ) | 521,601 | 554,294 | 317,657 | 315,314 | 1,924,525 | 1,651,004 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(471,896 | ) | 177,970 | (263,944 | ) | 1,880,881 | (402,869 | ) | 1,393,294 | (4,727,274 | ) | 6,529,519 | ||||||||||||||||||||
Reinvested capital gains |
- | - | 845,125 | 753,542 | 753,267 | 342,142 | 4,135,968 | 2,348,925 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(517,084 | ) | 133,594 | 1,158,846 | 3,268,337 | 764,801 | 2,144,201 | 1,333,021 | 10,529,414 | |||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
172,581 | 26 | 497,980 | 572,428 | 316,738 | 349,877 | 1,446,168 | 1,668,866 | ||||||||||||||||||||||||
Transfers between funds |
5,400,589 | (53,777 | ) | (267,357 | ) | (592,546 | ) | 304,216 | (100,738 | ) | (1,032,898 | ) | 257,443 | |||||||||||||||||||
Surrenders (note 6) |
(185,689 | ) | (45,206 | ) | (747,401 | ) | (1,239,143 | ) | (646,329 | ) | (1,236,425 | ) | (1,791,851 | ) | (2,525,413 | ) | ||||||||||||||||
Death Benefits (note 4) |
(18,868 | ) | - | (22,235 | ) | (45,300 | ) | (13,671 | ) | (43,659 | ) | (167,409 | ) | (210,974 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
(30,477 | ) | (8,429 | ) | (60,431 | ) | (187,907 | ) | (47,617 | ) | (48,517 | ) | (125,814 | ) | 94,178 | |||||||||||||||||
Deductions for surrender charges (note 2d) |
(787 | ) | (60 | ) | (1,417 | ) | (6,782 | ) | (1,839 | ) | (5,372 | ) | (1,459 | ) | (8,758 | ) | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(141,134 | ) | (24,430 | ) | (450,355 | ) | (448,423 | ) | (282,139 | ) | (280,190 | ) | (1,444,222 | ) | (1,476,368 | ) | ||||||||||||||||
Asset charges (note 3): |
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FPVUL & VEL contracts |
(13,815 | ) | (2,140 | ) | (40,468 | ) | (37,732 | ) | (25,943 | ) | (24,301 | ) | (127,368 | ) | (124,129 | ) | ||||||||||||||||
MSP contracts |
(214 | ) | (70 | ) | (1,441 | ) | (1,162 | ) | (502 | ) | (450 | ) | (3,457 | ) | (2,852 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(1,904 | ) | (187 | ) | (4,746 | ) | (4,563 | ) | (2,901 | ) | (2,681 | ) | (10,096 | ) | (9,707 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(6 | ) | 5 | 52 | 2,775 | 3 | 1,511 | 15 | 130 | |||||||||||||||||||||||
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Net equity transactions |
5,180,276 | (134,268 | ) | (1,097,819 | ) | (1,988,355 | ) | (399,984 | ) | (1,390,945 | ) | (3,258,391 | ) | (2,337,584 | ) | |||||||||||||||||
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Net change in contract owners equity |
4,663,192 | (674 | ) | 61,027 | 1,279,982 | 364,817 | 753,256 | (1,925,370 | ) | 8,191,830 | ||||||||||||||||||||||
Contract owners equity beginning of period |
681,722 | 682,396 | 11,866,467 | 10,586,485 | 7,467,794 | 6,714,538 | 36,643,379 | 28,451,549 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 5,344,914 | 681,722 | 11,927,494 | 11,866,467 | 7,832,611 | 7,467,794 | 34,718,009 | 36,643,379 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
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Beginning units |
32,529 | 39,531 | 817,723 | 983,243 | 537,399 | 650,008 | 2,367,293 | 2,553,965 | ||||||||||||||||||||||||
Units purchased |
300,392 | 1 | 41,540 | 54,128 | 34,669 | 41,226 | 150,159 | 181,000 | ||||||||||||||||||||||||
Units redeemed |
(51,224 | ) | (7,003 | ) | (114,975 | ) | (219,672 | ) | (62,597 | ) | (153,843 | ) | (360,972 | ) | (367,677 | ) | ||||||||||||||||
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Ending units |
281,697 | 32,529 | 744,288 | 817,723 | 509,471 | 537,399 | 2,156,480 | 2,367,293 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVMMV1 | NVMMV2 | SCGF | SCVF | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
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Net investment income (loss) |
$ | 11,715 | 1,274 | 196,599 | 141,864 | (5,532 | ) | (5,897 | ) | 191,100 | 296,767 | |||||||||||||||||||||
Realized gain (loss) on investments |
7,215 | 6,242 | 663,126 | 432,989 | 993,741 | 885,046 | 3,193,137 | 578,986 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(45,369 | ) | 12,701 | (1,866,716 | ) | 2,452,056 | (2,657,653 | ) | 3,396,041 | (4,239,147 | ) | 11,847,815 | ||||||||||||||||||||
Reinvested capital gains |
77,864 | 2,652 | 3,178,359 | 555,966 | 2,037,109 | 737,104 | 3,638,018 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
51,425 | 22,869 | 2,171,368 | 3,582,875 | 367,665 | 5,012,294 | 2,783,108 | 12,723,568 | ||||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
2,942 | 2,976 | 418,028 | 420,822 | 652,216 | 589,848 | 1,302,443 | 1,693,009 | ||||||||||||||||||||||||
Transfers between funds |
773,273 | 52,398 | 1,154,118 | 144,265 | 128,356 | (1,481,639 | ) | (3,498,324 | ) | (3,698 | ) | |||||||||||||||||||||
Surrenders (note 6) |
- | (1,675 | ) | (887,744 | ) | (902,497 | ) | (820,168 | ) | (708,118 | ) | (1,960,745 | ) | (2,721,292 | ) | |||||||||||||||||
Death Benefits (note 4) |
(34,387 | ) | - | (131,819 | ) | (64,193 | ) | (125,887 | ) | (37,744 | ) | (315,085 | ) | (301,274 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
(108 | ) | (3,928 | ) | (38,342 | ) | 34,733 | 35,647 | 10,477 | (64,798 | ) | 34,829 | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (273 | ) | (900 | ) | (2,740 | ) | (3,106 | ) | (1,034 | ) | (6,742 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(13,020 | ) | (3,181 | ) | (472,575 | ) | (448,709 | ) | (483,393 | ) | (484,683 | ) | (1,293,913 | ) | (1,327,499 | ) | ||||||||||||||||
Asset charges (note 3): |
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FPVUL & VEL contracts |
(225 | ) | (6 | ) | (45,370 | ) | (42,578 | ) | (40,270 | ) | (38,689 | ) | (114,109 | ) | (110,526 | ) | ||||||||||||||||
MSP contracts |
- | - | (1,678 | ) | (1,474 | ) | (1,267 | ) | (1,167 | ) | (3,728 | ) | (3,303 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (6,871 | ) | (5,582 | ) | (2,735 | ) | (2,536 | ) | (7,067 | ) | (7,335 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
(13 | ) | (3 | ) | 1 | (7 | ) | 22 | (146 | ) | (4 | ) | (245 | ) | ||||||||||||||||||
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Net equity transactions |
728,462 | 46,581 | (12,525 | ) | (866,120 | ) | (660,219 | ) | (2,157,503 | ) | (5,956,364 | ) | (2,754,076 | ) | ||||||||||||||||||
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Net change in contract owners equity |
779,887 | 69,450 | 2,158,843 | 2,716,755 | (292,554 | ) | 2,854,791 | (3,173,256 | ) | 9,969,492 | ||||||||||||||||||||||
Contract owners equity beginning of period |
136,063 | 66,613 | 13,040,702 | 10,323,947 | 15,276,324 | 12,421,533 | 42,786,445 | 32,816,953 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 915,950 | 136,063 | 15,199,545 | 13,040,702 | 14,983,770 | 15,276,324 | 39,613,189 | 42,786,445 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
8,378 | 5,559 | 801,822 | 861,247 | 578,414 | 679,744 | 982,222 | 1,047,996 | ||||||||||||||||||||||||
Units purchased |
42,831 | 4,110 | 85,380 | 40,319 | 52,355 | 43,921 | 44,053 | 67,222 | ||||||||||||||||||||||||
Units redeemed |
(3,085 | ) | (1,288 | ) | (88,565 | ) | (99,744 | ) | (78,536 | ) | (148,346 | ) | (186,650 | ) | (135,483 | ) | ||||||||||||||||
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Ending units |
48,124 | 8,378 | 798,637 | 801,822 | 552,233 | 578,414 | 839,625 | 982,222 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
SCF | MSBF | NVSTB1 | NVSTB2 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 31,940 | 14,696 | 356,005 | 413,195 | 236,351 | 418,755 | 18,322 | 20,116 | |||||||||||||||||||||||
Realized gain (loss) on investments |
7,970,575 | 3,906,486 | 174,953 | 373,450 | (10,197 | ) | 109,720 | 4,357 | 5,149 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(15,184,198 | ) | 13,422,303 | (108,645 | ) | (938,477 | ) | 11,379 | (428,836 | ) | (13,312 | ) | (25,553 | ) | ||||||||||||||||||
Reinvested capital gains |
7,427,497 | - | - | - | - | 30,097 | - | 1,560 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
245,814 | 17,343,485 | 422,313 | (151,832 | ) | 237,533 | 129,736 | 9,367 | 1,272 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,271,649 | 1,881,403 | 381,144 | 495,055 | 9,607 | 9,275 | 54,777 | 56,267 | ||||||||||||||||||||||||
Transfers between funds |
(6,341,525 | ) | (3,644,252 | ) | 147,227 | (827,788 | ) | (10,141,976 | ) | 6,800,061 | 72,207 | (260,582 | ) | |||||||||||||||||||
Surrenders (note 6) |
(2,207,878 | ) | (3,416,925 | ) | (434,239 | ) | (901,355 | ) | - | (53,220 | ) | (51,774 | ) | (172,118 | ) | |||||||||||||||||
Death Benefits (note 4) |
(390,954 | ) | (209,623 | ) | (95,955 | ) | (54,779 | ) | - | - | (12,195 | ) | (1,156 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(13,869 | ) | (80,264 | ) | (147,955 | ) | 23,086 | (4,008 | ) | (14,322 | ) | 842 | 4,902 | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(3,796 | ) | (9,737 | ) | (119 | ) | (4,383 | ) | - | - | - | (813 | ) | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,439,927 | ) | (1,518,907 | ) | (381,732 | ) | (413,373 | ) | (411,680 | ) | (315,040 | ) | (46,112 | ) | (50,304 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(110,406 | ) | (110,049 | ) | (27,007 | ) | (29,741 | ) | (81 | ) | (18 | ) | (3,180 | ) | (3,630 | ) | ||||||||||||||||
MSP contracts |
(3,210 | ) | (3,006 | ) | (1,628 | ) | (1,604 | ) | - | - | (439 | ) | (462 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
(10,294 | ) | (10,305 | ) | (4,784 | ) | (5,160 | ) | - | - | (2,426 | ) | (2,810 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
115 | (259 | ) | (15 | ) | (49 | ) | (83 | ) | (33 | ) | 3 | 5 | |||||||||||||||||||
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Net equity transactions |
(9,250,095 | ) | (7,121,924 | ) | (565,063 | ) | (1,720,091 | ) | (10,548,221 | ) | 6,426,703 | 11,703 | (430,701 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(9,004,281 | ) | 10,221,561 | (142,750 | ) | (1,871,923 | ) | (10,310,688 | ) | 6,556,439 | 21,070 | (429,429 | ) | |||||||||||||||||||
Contract owners equity beginning of period |
54,890,033 | 44,668,472 | 11,694,812 | 13,566,735 | 35,644,261 | 29,087,822 | 1,873,312 | 2,302,741 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 45,885,752 | 54,890,033 | 11,552,062 | 11,694,812 | 25,333,573 | 35,644,261 | 1,894,382 | 1,873,312 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,549,110 | 1,779,583 | 538,896 | 619,427 | 3,094,731 | 2,525,391 | 163,595 | 201,309 | ||||||||||||||||||||||||
Units purchased |
65,346 | 75,434 | 41,125 | 28,801 | 64,953 | 878,330 | 13,411 | 5,480 | ||||||||||||||||||||||||
Units redeemed |
(352,220 | ) | (306,290 | ) | (65,677 | ) | (109,218 | ) | (969,140 | ) | (308,843 | ) | (12,384 | ) | (43,194 | ) | ||||||||||||||||
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Ending units |
1,262,236 | 1,549,110 | 514,344 | 538,896 | 2,190,544 | 3,094,731 | 164,622 | 163,595 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVOLG1 | NVTIV3 | EIF | NVRE1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 946,776 | 941,915 | 18,268 | 8,621 | 211,750 | (625 | ) | 1,032,560 | 462,671 | ||||||||||||||||||||||
Realized gain (loss) on investments |
5,151,205 | 3,177,553 | 16,612 | (12,971 | ) | 339,078 | 53,465 | 1,270,084 | 1,551,607 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(8,774,176 | ) | 33,777,678 | (101,576 | ) | 78,146 | 511,336 | 2,980,295 | (2,123,562 | ) | (3,349,784 | ) | ||||||||||||||||||||
Reinvested capital gains |
13,853,078 | - | 21,106 | 3,617 | - | - | 8,602,715 | 2,272,112 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
11,176,883 | 37,897,146 | (45,590 | ) | 77,413 | 1,062,164 | 3,033,135 | 8,781,797 | 936,606 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
5,366,643 | 5,812,073 | 37,593 | 19,620 | 424,929 | 463,895 | 1,466,771 | 1,607,614 | ||||||||||||||||||||||||
Transfers between funds |
(4,325,472 | ) | (2,411,719 | ) | 42,414 | (56,992 | ) | 386,305 | 1,038,759 | 1,173,264 | (10,147 | ) | ||||||||||||||||||||
Surrenders (note 6) |
(7,630,879 | ) | (8,818,251 | ) | (38,298 | ) | (14,669 | ) | (656,667 | ) | (555,048 | ) | (1,295,797 | ) | (2,042,982 | ) | ||||||||||||||||
Death Benefits (note 4) |
(592,178 | ) | (673,252 | ) | - | - | (156,916 | ) | (57,105 | ) | (444,935 | ) | (123,276 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(496,035 | ) | (525,817 | ) | (44,018 | ) | (7,798 | ) | 11,170 | (87,629 | ) | 76,223 | (103,412 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
(10,216 | ) | (50,101 | ) | (110 | ) | (361 | ) | (910 | ) | (6,931 | ) | (4,516 | ) | (10,806 | ) | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(5,323,002 | ) | (5,305,098 | ) | (19,255 | ) | (17,524 | ) | (423,955 | ) | (391,204 | ) | (1,141,143 | ) | (1,176,268 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(487,125 | ) | (453,681 | ) | (1,548 | ) | (1,400 | ) | (38,677 | ) | (35,474 | ) | (94,748 | ) | (94,363 | ) | ||||||||||||||||
MSP contracts |
(17,454 | ) | (15,248 | ) | - | - | (1,097 | ) | (1,027 | ) | (3,519 | ) | (3,416 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
(48,710 | ) | (46,287 | ) | (260 | ) | (213 | ) | (4,770 | ) | (3,784 | ) | (10,320 | ) | (10,054 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(17 | ) | (132 | ) | 1,052 | (11 | ) | 13 | (56 | ) | 35 | (59 | ) | |||||||||||||||||||
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Net equity transactions |
(13,564,445 | ) | (12,487,513 | ) | (22,430 | ) | (79,348 | ) | (460,575 | ) | 364,396 | (278,685 | ) | (1,967,169 | ) | |||||||||||||||||
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Net change in contract owners equity |
(2,387,562 | ) | 25,409,633 | (68,020 | ) | (1,935 | ) | 601,589 | 3,397,531 | 8,503,112 | (1,030,563 | ) | ||||||||||||||||||||
Contract owners equity beginning of period |
134,827,822 | 109,418,189 | 520,525 | 522,460 | 11,774,305 | 8,376,774 | 30,746,745 | 31,777,308 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 132,440,260 | 134,827,822 | 452,505 | 520,525 | 12,375,894 | 11,774,305 | 39,249,857 | 30,746,745 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
5,982,076 | 6,636,497 | 29,863 | 35,997 | 554,935 | 534,227 | 2,274,473 | 2,455,857 | ||||||||||||||||||||||||
Units purchased |
277,803 | 350,504 | 33,033 | 3,034 | 50,789 | 86,611 | 191,447 | 179,331 | ||||||||||||||||||||||||
Units redeemed |
(859,001 | ) | (1,004,926 | ) | (34,633 | ) | (9,167 | ) | (68,770 | ) | (65,902 | ) | (233,916 | ) | (360,712 | ) | ||||||||||||||||
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Ending units |
5,400,878 | 5,982,076 | 28,263 | 29,863 | 536,954 | 554,935 | 2,232,004 | 2,274,473 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NVLCAP | NVLMP | NVSIX2 | GVEX1 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 454 | 31 | 25 | - | 2,062 | 856 | 28,126 | 6,165 | |||||||||||||||||||||||
Realized gain (loss) on investments |
403 | 3 | 1 | - | 1,528 | 2,193 | 51,359 | 1,830 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(787 | ) | 51 | (23 | ) | - | (6,587 | ) | 5,030 | 37,399 | 27,199 | |||||||||||||||||||||
Reinvested capital gains |
802 | 4 | 20 | - | 8,393 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
872 | 89 | 23 | - | 5,396 | 8,079 | 116,884 | 35,194 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
2,318 | 720 | 1,013 | - | 29,517 | 823 | 84,846 | 1,513 | ||||||||||||||||||||||||
Transfers between funds |
22,726 | 887 | 1,188 | - | 180,446 | 64,691 | 1,003,305 | 488,186 | ||||||||||||||||||||||||
Surrenders (note 6) |
- | - | - | - | (31,452 | ) | (972 | ) | (76,611 | ) | (12,010 | ) | ||||||||||||||||||||
Death Benefits (note 4) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Net policy repayments (loans) (note 5) |
5 | 1 | - | - | 1,660 | (6,535 | ) | 13,847 | (835 | ) | ||||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,618 | ) | (95 | ) | (26 | ) | - | (6,511 | ) | (1,250 | ) | (18,479 | ) | (3,007 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(92 | ) | (2 | ) | (7 | ) | - | (758 | ) | (131 | ) | (2,863 | ) | (410 | ) | |||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
(4 | ) | 2 | 3 | - | (2 | ) | 1 | (1 | ) | (5 | ) | ||||||||||||||||||||
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Net equity transactions |
23,335 | 1,513 | 2,171 | - | 172,900 | 56,627 | 1,004,044 | 473,432 | ||||||||||||||||||||||||
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Net change in contract owners equity |
24,207 | 1,602 | 2,194 | - | 178,296 | 64,706 | 1,120,928 | 508,626 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
1,602 | - | - | - | 64,706 | - | 508,626 | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 25,809 | 1,602 | 2,194 | - | 243,002 | 64,706 | 1,629,554 | 508,626 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
140 | - | - | - | 5,103 | - | 42,973 | - | ||||||||||||||||||||||||
Units purchased |
2,205 | 165 | 194 | - | 16,342 | 5,858 | 83,596 | 44,464 | ||||||||||||||||||||||||
Units redeemed |
(162 | ) | (26 | ) | (3 | ) | - | (3,115 | ) | (755 | ) | (5,118 | ) | (1,491 | ) | |||||||||||||||||
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Ending units |
2,183 | 140 | 191 | - | 18,330 | 5,103 | 121,451 | 42,973 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
NOTMG3 | ALVGIA | ALVIVA | ALVSVA | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1 | 27 | 268,499 | 128,130 | 313,311 | 611,312 | 117,282 | 68,662 | |||||||||||||||||||||||
Realized gain (loss) on investments |
195 | - | 1,506,475 | 879,806 | (68,109 | ) | 12,062 | 914,367 | 925,456 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(160 | ) | 160 | 63,603 | 2,400,528 | (845,738 | ) | 1,240,492 | (1,483,561 | ) | 2,237,923 | |||||||||||||||||||||
Reinvested capital gains |
1 | - | - | - | - | - | 2,184,267 | 733,227 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
37 | 187 | 1,838,577 | 3,408,464 | (600,536 | ) | 1,863,866 | 1,732,355 | 3,965,268 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
799 | 720 | 595,793 | 839,745 | 151,521 | 413,275 | 1,691,002 | 379,882 | ||||||||||||||||||||||||
Transfers between funds |
(932 | ) | 3,196 | 7,116,899 | 2,633,224 | (2,377,659 | ) | 1,306,988 | 2,569,262 | 1,156,879 | ||||||||||||||||||||||
Surrenders (note 6) |
- | - | (587,857 | ) | (560,600 | ) | (162,492 | ) | (330 | ) | (246,756 | ) | (628,484 | ) | ||||||||||||||||||
Death Benefits (note 4) |
(2,619 | ) | - | (45,942 | ) | (98,400 | ) | (23,474 | ) | (24,291 | ) | (22,916 | ) | (34,983 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | (91,050 | ) | (72,619 | ) | 65 | (18,234 | ) | (60,210 | ) | (29,247 | ) | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (857 | ) | (290 | ) | - | - | (667 | ) | (395 | ) | ||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(584 | ) | (684 | ) | (318,406 | ) | (242,439 | ) | (126,709 | ) | (123,167 | ) | (331,957 | ) | (226,683 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(7 | ) | (9 | ) | (13,034 | ) | (11,129 | ) | (4,842 | ) | (4,870 | ) | (28,402 | ) | (20,593 | ) | ||||||||||||||||
MSP contracts |
- | - | (8 | ) | (7 | ) | - | - | (1,576 | ) | (1,189 | ) | ||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (1,243 | ) | (1,253 | ) | - | - | (1,801 | ) | (1,873 | ) | ||||||||||||||||||||
Adjustments to maintain reserves |
5 | 1 | (10 | ) | (93 | ) | (17 | ) | 22 | (4 | ) | 322 | ||||||||||||||||||||
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Net equity transactions |
(3,338 | ) | 3,224 | 6,654,285 | 2,486,139 | (2,543,607 | ) | 1,549,393 | 3,565,975 | 593,636 | ||||||||||||||||||||||
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Net change in contract owners equity |
(3,301 | ) | 3,411 | 8,492,862 | 5,894,603 | (3,144,143 | ) | 3,413,259 | 5,298,330 | 4,558,904 | ||||||||||||||||||||||
Contract owners equity beginning of period |
3,411 | - | 14,819,195 | 8,924,592 | 11,634,412 | 8,221,153 | 14,715,273 | 10,156,369 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 110 | 3,411 | 23,312,057 | 14,819,195 | 8,490,269 | 11,634,412 | 20,013,603 | 14,715,273 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
320 | - | 575,885 | 466,391 | 1,306,206 | 1,136,094 | 413,328 | 393,530 | ||||||||||||||||||||||||
Units purchased |
76 | 387 | 297,978 | 155,075 | 17,680 | 266,167 | 145,406 | 71,249 | ||||||||||||||||||||||||
Units redeemed |
(386 | ) | (67 | ) | (42,777 | ) | (45,541 | ) | (303,711 | ) | (96,055 | ) | (43,559 | ) | (51,493 | ) | ||||||||||||||||
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Ending units |
10 | 320 | 831,086 | 575,885 | 1,020,175 | 1,306,206 | 515,175 | 413,328 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
ACVCA | ACVIG | ACVIP2 | ACVI | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (1,724 | ) | - | 431,270 | 408,837 | 165,181 | 483,991 | 55,537 | 52,642 | ||||||||||||||||||||||
Realized gain (loss) on investments |
1,732 | - | 307,053 | 137,812 | (267,212 | ) | 342,397 | 500,852 | 231,827 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
148,118 | - | 1,782,768 | 5,152,588 | 196,472 | (4,917,879 | ) | (712,911 | ) | 436,898 | ||||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | 311,644 | 1,268,059 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
148,126 | - | 2,521,091 | 5,699,237 | 406,085 | (2,823,432 | ) | (156,522 | ) | 721,367 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
55,596 | - | 689,245 | 724,328 | 322,061 | 1,464,509 | 28,521 | 42,572 | ||||||||||||||||||||||||
Transfers between funds |
1,423,782 | - | 1,081,536 | (227,048 | ) | (725,636 | ) | (14,474,979 | ) | (1,764,052 | ) | (200,322 | ) | |||||||||||||||||||
Surrenders (note 6) |
(767 | ) | - | (1,140,223 | ) | (968,192 | ) | (555,258 | ) | (6,487,362 | ) | (4,304 | ) | (118,231 | ) | |||||||||||||||||
Death Benefits (note 4) |
- | - | (55,707 | ) | (127,048 | ) | (59,832 | ) | (24,407 | ) | - | - | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(804 | ) | - | (21,803 | ) | (112,246 | ) | (92,013 | ) | (69,771 | ) | 2,685 | 23 | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (398 | ) | (2,801 | ) | (1,440 | ) | (11,972 | ) | - | - | ||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(18,638 | ) | - | (744,136 | ) | (732,550 | ) | (344,465 | ) | (423,812 | ) | (99,544 | ) | (117,351 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(140 | ) | - | (58,516 | ) | (54,228 | ) | (27,280 | ) | (28,632 | ) | (20 | ) | 42 | ||||||||||||||||||
MSP contracts |
- | - | (2,646 | ) | (2,403 | ) | (1,069 | ) | (1,587 | ) | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (5,020 | ) | (4,777 | ) | (15,465 | ) | (46,790 | ) | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
(754 | ) | - | 52 | (56 | ) | (18 | ) | 5 | (593 | ) | 1,954 | ||||||||||||||||||||
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Net equity transactions |
1,458,275 | - | (257,616 | ) | (1,507,021 | ) | (1,500,415 | ) | (20,104,798 | ) | (1,837,307 | ) | (391,313 | ) | ||||||||||||||||||
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Net change in contract owners equity |
1,606,401 | - | 2,263,475 | 4,192,216 | (1,094,330 | ) | (22,928,230 | ) | (1,993,829 | ) | 330,054 | |||||||||||||||||||||
Contract owners equity beginning of period |
- | - | 21,067,403 | 16,875,187 | 13,601,857 | 36,530,087 | 3,853,608 | 3,523,554 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 1,606,401 | - | 23,330,878 | 21,067,403 | 12,507,527 | 13,601,857 | 1,859,779 | 3,853,608 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 900,940 | 984,649 | 880,216 | 2,163,527 | 242,842 | 268,588 | ||||||||||||||||||||||||
Units purchased |
166,269 | - | 82,127 | 50,862 | 128,152 | 128,581 | 2,017 | 5,079 | ||||||||||||||||||||||||
Units redeemed |
(21,197 | ) | - | (83,433 | ) | (134,572 | ) | (224,824 | ) | (1,411,892 | ) | (125,851 | ) | (30,812 | ) | |||||||||||||||||
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Ending units |
145,072 | - | 899,634 | 900,940 | 783,544 | 880,216 | 119,008 | 242,842 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
ACVMV1 | ACVU1 | ACVV | DVMCS | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 128,251 | 106,219 | 3,081 | 4,326 | 298,729 | 255,578 | 16,390 | 13,423 | |||||||||||||||||||||||
Realized gain (loss) on investments |
762,328 | 495,255 | 78,170 | 131,905 | 2,603,403 | 1,418,879 | 81,392 | 142,326 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
128,910 | 1,602,669 | 55,624 | 240,942 | (302,187 | ) | 3,042,559 | 208,273 | 241,036 | |||||||||||||||||||||||
Reinvested capital gains |
731,729 | 117,016 | - | - | - | - | 11,487 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,751,218 | 2,321,159 | 136,875 | 377,173 | 2,599,945 | 4,717,016 | 317,542 | 396,785 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,682,734 | 2,066,256 | 313 | 12,343 | 787,406 | 786,098 | 62,577 | 10,607 | ||||||||||||||||||||||||
Transfers between funds |
64,423 | 1,179,651 | 68,562 | (28,525 | ) | 3,127,491 | 2,014,650 | 1,445,838 | 280,110 | |||||||||||||||||||||||
Surrenders (note 6) |
(985,062 | ) | (1,025,398 | ) | (647 | ) | (150,144 | ) | (736,416 | ) | (684,586 | ) | (2,486 | ) | (231,660 | ) | ||||||||||||||||
Death Benefits (note 4) |
(13,728 | ) | (12,453 | ) | - | - | (18,447 | ) | (16,622 | ) | (360 | ) | - | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
2,847 | (98,945 | ) | 647 | - | (20,581 | ) | (1,668 | ) | (79 | ) | (29,743 | ) | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(6,788 | ) | (4,780 | ) | - | - | - | (116 | ) | - | - | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(329,526 | ) | (285,814 | ) | (12,652 | ) | (11,782 | ) | (289,442 | ) | (274,210 | ) | (31,166 | ) | (13,717 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(22,691 | ) | (18,784 | ) | - | 4 | (5,343 | ) | (4,225 | ) | (9 | ) | - | |||||||||||||||||||
MSP contracts |
(770 | ) | (707 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(1,642 | ) | (1,202 | ) | - | - | - | (1 | ) | - | - | |||||||||||||||||||||
Adjustments to maintain reserves |
(15 | ) | 312 | 46 | (91 | ) | 343 | 277 | (42 | ) | (88 | ) | ||||||||||||||||||||
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Net equity transactions |
389,782 | 1,798,136 | 56,269 | (178,195 | ) | 2,845,011 | 1,819,597 | 1,474,273 | 15,509 | |||||||||||||||||||||||
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Net change in contract owners equity |
2,141,000 | 4,119,295 | 193,144 | 198,978 | 5,444,956 | 6,536,613 | 1,791,815 | 412,294 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
11,238,525 | 7,119,230 | 1,405,659 | 1,206,681 | 20,213,290 | 13,676,677 | 1,643,820 | 1,231,526 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 13,379,525 | 11,238,525 | 1,598,803 | 1,405,659 | 25,658,246 | 20,213,290 | 3,435,635 | 1,643,820 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
482,118 | 397,347 | 74,672 | 87,718 | 723,483 | 640,587 | 55,938 | 56,449 | ||||||||||||||||||||||||
Units purchased |
99,783 | 117,603 | 3,848 | 2,420 | 154,376 | 123,693 | 50,060 | 10,789 | ||||||||||||||||||||||||
Units redeemed |
(89,055 | ) | (32,994 | ) | (1,138 | ) | (15,466 | ) | (64,368 | ) | (40,893 | ) | (1,107 | ) | (11,300 | ) | ||||||||||||||||
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Ending units |
492,846 | 482,118 | 77,382 | 74,672 | 813,491 | 723,483 | 104,891 | 55,938 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
DVSCS | DCAP | DSC | DVIV | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 319,855 | 486,315 | 528,193 | 670,501 | - | - | 158,197 | 180,059 | |||||||||||||||||||||||
Realized gain (loss) on investments |
4,404,244 | 3,624,163 | 4,403,783 | 2,790,233 | 177,342 | 160,779 | 1,021,463 | (153,558 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(4,953,887 | ) | 16,355,753 | (3,422,113 | ) | 3,300,259 | (154,774 | ) | 324,209 | (1,585,073 | ) | 2,097,621 | ||||||||||||||||||||
Reinvested capital gains |
4,511,317 | 729,964 | 859,878 | 88,212 | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
4,281,529 | 21,196,195 | 2,369,741 | 6,849,205 | 22,568 | 484,988 | (405,413 | ) | 2,124,122 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
2,931,848 | 3,590,814 | 1,053,538 | 1,996,635 | 47,652 | 55,303 | 98,043 | 550,018 | ||||||||||||||||||||||||
Transfers between funds |
10,323,316 | 12,145,881 | (8,976,781 | ) | (3,557,260 | ) | (310,476 | ) | 269,236 | (5,426,944 | ) | (284,251 | ) | |||||||||||||||||||
Surrenders (note 6) |
(2,545,631 | ) | (1,923,321 | ) | (1,075,757 | ) | (3,421,094 | ) | (20,761 | ) | (145,576 | ) | (22,609 | ) | (221,900 | ) | ||||||||||||||||
Death Benefits (note 4) |
(677,458 | ) | (177,849 | ) | (155,738 | ) | (160,754 | ) | - | (8,372 | ) | (1,080 | ) | - | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(239,827 | ) | (191,044 | ) | (13,296 | ) | (32,370 | ) | 9,721 | (172,543 | ) | (1,124 | ) | (727 | ) | |||||||||||||||||
Deductions for surrender charges (note 2d) |
(2,299 | ) | (13,079 | ) | (566 | ) | (5,215 | ) | - | (243 | ) | - | - | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,292,923 | ) | (1,048,093 | ) | (882,904 | ) | (1,024,537 | ) | (39,929 | ) | (42,621 | ) | (119,170 | ) | (142,229 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(45,232 | ) | (40,305 | ) | (65,161 | ) | (68,999 | ) | (3,743 | ) | (3,986 | ) | (741 | ) | (691 | ) | ||||||||||||||||
MSP contracts |
(1,084 | ) | (932 | ) | (1,738 | ) | (1,729 | ) | - | - | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
(6,493 | ) | (6,112 | ) | (6,245 | ) | (6,601 | ) | (451 | ) | (364 | ) | - | - | ||||||||||||||||||
Adjustments to maintain reserves |
178 | (1,660 | ) | 12 | (98 | ) | (2 | ) | (48 | ) | (1 | ) | (15 | ) | ||||||||||||||||||
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Net equity transactions |
8,444,395 | 12,334,300 | (10,124,636 | ) | (6,282,022 | ) | (317,989 | ) | (49,214 | ) | (5,473,626 | ) | (99,795 | ) | ||||||||||||||||||
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Net change in contract owners equity |
12,725,924 | 33,530,495 | (7,754,895 | ) | 567,183 | (295,421 | ) | 435,774 | (5,879,039 | ) | 2,024,327 | |||||||||||||||||||||
Contract owners equity beginning of period |
81,233,215 | 47,702,720 | 35,692,893 | 35,125,710 | 1,362,930 | 927,156 | 11,390,676 | 9,366,349 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 93,959,139 | 81,233,215 | 27,937,998 | 35,692,893 | 1,067,509 | 1,362,930 | 5,511,637 | 11,390,676 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,964,896 | 2,443,618 | 1,660,176 | 1,960,552 | 61,048 | 61,690 | 546,235 | 551,230 | ||||||||||||||||||||||||
Units purchased |
583,054 | 672,688 | 83,636 | 111,854 | 5,498 | 13,455 | 13,209 | 37,356 | ||||||||||||||||||||||||
Units redeemed |
(276,718 | ) | (161,483 | ) | (607,945 | ) | (412,465 | ) | (19,481 | ) | (14,097 | ) | (268,241 | ) | (42,359 | ) | ||||||||||||||||
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Ending units |
3,271,232 | 2,964,896 | 1,135,867 | 1,660,176 | 47,065 | 61,048 | 291,203 | 546,235 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
SVSSVB | SVSLVB | FVCA2P | FQB | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 6,673 | 4,695 | 1,740 | 2,428 | 13,782 | 7,105 | 1,065,798 | 1,217,729 | |||||||||||||||||||||||
Realized gain (loss) on investments |
172,809 | 149,721 | 6,054 | 14,873 | 841 | 8,583 | 588,287 | 579,177 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(166,400 | ) | 164,592 | 6,338 | 26,768 | (173,158 | ) | 81,546 | (598,804 | ) | (1,536,154 | ) | ||||||||||||||||||||
Reinvested capital gains |
8,555 | - | - | - | 150,975 | 14,532 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
21,637 | 319,008 | 14,132 | 44,069 | (7,560 | ) | 111,766 | 1,055,281 | 260,752 | |||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
84,587 | 89,963 | 590 | 610 | 39,820 | 37,264 | 934,762 | 1,265,435 | ||||||||||||||||||||||||
Transfers between funds |
(1,121,813 | ) | 787,417 | (3,833 | ) | (27,382 | ) | 48,457 | 42,104 | 190,213 | (1,317,659 | ) | ||||||||||||||||||||
Surrenders (note 6) |
(2,069 | ) | (1,474 | ) | - | - | (61,287 | ) | (53,830 | ) | (946,014 | ) | (908,832 | ) | ||||||||||||||||||
Death Benefits (note 4) |
(9,477 | ) | (2,738 | ) | - | - | - | - | (680,830 | ) | (175,737 | ) | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(3,743 | ) | (11,024 | ) | - | - | (3,003 | ) | (3,665 | ) | (53,941 | ) | (122,996 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | (51 | ) | - | (1,401 | ) | (3,711 | ) | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(21,795 | ) | (23,135 | ) | (2,972 | ) | (2,872 | ) | (23,387 | ) | (24,819 | ) | (793,660 | ) | (857,643 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(795 | ) | (856 | ) | - | - | (2,237 | ) | (2,087 | ) | (60,013 | ) | (62,681 | ) | ||||||||||||||||||
MSP contracts |
- | - | - | - | - | - | (3,586 | ) | (3,604 | ) | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | (505 | ) | (561 | ) | (5,952 | ) | (6,582 | ) | ||||||||||||||||||||
Adjustments to maintain reserves |
6 | 290 | 13 | 3 | 10 | (1 | ) | (2 | ) | (19 | ) | |||||||||||||||||||||
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Net equity transactions |
(1,075,099 | ) | 838,443 | (6,202 | ) | (29,641 | ) | (2,183 | ) | (5,595 | ) | (1,420,424 | ) | (2,194,029 | ) | |||||||||||||||||
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Net change in contract owners equity |
(1,053,462 | ) | 1,157,451 | 7,930 | 14,428 | (9,743 | ) | 106,171 | (365,143 | ) | (1,933,277 | ) | ||||||||||||||||||||
Contract owners equity beginning of period |
1,767,021 | 609,570 | 147,688 | 133,260 | 802,033 | 695,862 | 28,352,506 | 30,285,783 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 713,559 | 1,767,021 | 155,618 | 147,688 | 792,290 | 802,033 | 27,987,363 | 28,352,506 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
124,095 | 57,937 | 11,249 | 13,220 | 43,232 | 43,680 | 1,349,684 | 1,455,486 | ||||||||||||||||||||||||
Units purchased |
11,277 | 74,954 | 155 | 1,600 | 4,958 | 4,619 | 129,007 | 75,929 | ||||||||||||||||||||||||
Units redeemed |
(87,231 | ) | (8,884 | ) | (638 | ) | (3,571 | ) | (5,066 | ) | (5,067 | ) | (194,891 | ) | (181,695 | ) | ||||||||||||||||
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Ending units |
48,141 | 124,095 | 10,766 | 11,249 | 43,124 | 43,232 | 1,283,800 | 1,349,684 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FCS | FNRS2 | FEIS | FF10S | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 366,461 | 461,465 | 62,586 | 63,703 | 1,677,653 | 1,510,270 | 37,740 | 37,805 | |||||||||||||||||||||||
Realized gain (loss) on investments |
7,799,788 | 6,882,893 | 514,600 | 655,824 | (76,600 | ) | (1,724,147 | ) | 18,067 | 212,515 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,331,541 | ) | 9,195,806 | (1,887,387 | ) | 1,262,756 | 3,073,824 | 11,838,895 | 11,784 | 32,108 | ||||||||||||||||||||||
Reinvested capital gains |
1,177,951 | 17,473 | 104,674 | 56,208 | 896,837 | 4,303,485 | 39,338 | 26,766 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
7,012,659 | 16,557,637 | (1,205,527 | ) | 2,038,491 | 5,571,714 | 15,928,503 | 106,929 | 309,194 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
358,091 | 971,403 | 675,687 | 524,695 | 2,852,893 | 3,183,359 | 42,234 | 76,857 | ||||||||||||||||||||||||
Transfers between funds |
(10,866,941 | ) | (3,522,904 | ) | 393,615 | (636,102 | ) | (8,557,534 | ) | (1,375,633 | ) | (20,369 | ) | 176,600 | ||||||||||||||||||
Surrenders (note 6) |
(2,477,077 | ) | (3,004,163 | ) | (1,026,397 | ) | (1,016,539 | ) | (3,259,694 | ) | (4,126,150 | ) | (32,020 | ) | (191,000 | ) | ||||||||||||||||
Death Benefits (note 4) |
(156,322 | ) | (84,093 | ) | (5,199 | ) | (27,157 | ) | (278,036 | ) | (654,612 | ) | (1,289 | ) | (952 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(11,971 | ) | (24,465 | ) | 2,839 | (36,167 | ) | 8,152 | (337,943 | ) | (2,629 | ) | (31,020 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | (227 | ) | (4,493 | ) | (9,897 | ) | (3,827 | ) | (9,954 | ) | (307 | ) | - | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(654,880 | ) | (684,545 | ) | (349,476 | ) | (366,469 | ) | (2,303,228 | ) | (2,342,530 | ) | (73,573 | ) | (74,891 | ) | ||||||||||||||||
Asset charges (note 3): |
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FPVUL & VEL contracts |
(2,155 | ) | (2,053 | ) | (24,972 | ) | (28,897 | ) | (169,456 | ) | (164,437 | ) | (5,307 | ) | (5,292 | ) | ||||||||||||||||
MSP contracts |
- | - | (2,540 | ) | (2,362 | ) | (7,264 | ) | (7,020 | ) | (3,881 | ) | (3,450 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
- | (5 | ) | (6,382 | ) | (5,815 | ) | (18,995 | ) | (18,976 | ) | (587 | ) | (558 | ) | |||||||||||||||||
Adjustments to maintain reserves |
18,022 | 36,874 | 23 | (4 | ) | 352 | 507 | 7 | (35 | ) | ||||||||||||||||||||||
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Net equity transactions |
(13,793,233 | ) | (6,314,178 | ) | (347,295 | ) | (1,604,714 | ) | (11,736,637 | ) | (5,853,389 | ) | (97,721 | ) | (53,741 | ) | ||||||||||||||||
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Net change in contract owners equity |
(6,780,574 | ) | 10,243,459 | (1,552,822 | ) | 433,777 | (6,164,923 | ) | 10,075,114 | 9,208 | 255,453 | |||||||||||||||||||||
Contract owners equity beginning of period |
67,114,985 | 56,871,526 | 9,578,003 | 9,144,226 | 69,302,459 | 59,227,345 | 2,500,653 | 2,245,200 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 60,334,411 | 67,114,985 | 8,025,181 | 9,578,003 | 63,137,536 | 69,302,459 | 2,509,861 | 2,500,653 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,707,495 | 3,000,033 | 422,224 | 500,432 | 3,053,344 | 3,341,092 | 146,853 | 149,435 | ||||||||||||||||||||||||
Units purchased |
33,429 | 89,431 | 73,113 | 29,051 | 167,159 | 204,475 | 5,097 | 17,712 | ||||||||||||||||||||||||
Units redeemed |
(564,551 | ) | (385,322 | ) | (89,799 | ) | (107,258 | ) | (693,043 | ) | (492,280 | ) | (10,619 | ) | (20,195 | ) | ||||||||||||||||
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Ending units |
2,176,373 | 2,707,495 | 405,538 | 422,224 | 2,527,460 | 3,053,344 | 141,331 | 146,853 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FF20S | FF30S | FFINS | FGOS | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 322,702 | 288,013 | 135,676 | 114,554 | 12,454 | 21,149 | (46 | ) | 1,233 | ||||||||||||||||||||||
Realized gain (loss) on investments |
933,065 | 705,517 | 159,089 | 197,038 | 44,702 | 7,030 | 91,155 | 101,349 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(806,719 | ) | 1,082,133 | (73,921 | ) | 839,514 | (30,142 | ) | 38,969 | 170,613 | 440,928 | |||||||||||||||||||||
Reinvested capital gains |
356,445 | 208,534 | 171,942 | 92,230 | 11,517 | 14,902 | 2,758 | 1,028 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
805,493 | 2,284,197 | 392,786 | 1,243,336 | 38,531 | 82,050 | 264,480 | 544,538 | ||||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
3,049,750 | 706,321 | 708,602 | 503,728 | 44 | 29 | 19 | 936 | ||||||||||||||||||||||||
Transfers between funds |
976,075 | 4,388,117 | 1,594,334 | 1,269,264 | (681,498 | ) | 64,755 | 577,847 | 248,442 | |||||||||||||||||||||||
Surrenders (note 6) |
(421,052 | ) | (935,820 | ) | (507,583 | ) | (408,810 | ) | (31,276 | ) | (52,902 | ) | - | (192,059 | ) | |||||||||||||||||
Death Benefits (note 4) |
(10,248 | ) | (19,959 | ) | (6,753 | ) | (11,029 | ) | (5,790 | ) | (4,854 | ) | - | - | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(285,246 | ) | (46,366 | ) | (21,165 | ) | 17,431 | - | - | (140 | ) | (37 | ) | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(1,241 | ) | (5,181 | ) | (4,590 | ) | (8,215 | ) | - | - | - | - | ||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(548,320 | ) | (380,641 | ) | (226,375 | ) | (175,146 | ) | (9,106 | ) | (12,502 | ) | (25,457 | ) | (21,119 | ) | ||||||||||||||||
Asset charges (note 3): |
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FPVUL & VEL contracts |
(23,035 | ) | (22,197 | ) | (18,682 | ) | (16,245 | ) | - | - | - | - | ||||||||||||||||||||
MSP contracts |
(4,120 | ) | (3,948 | ) | (1,623 | ) | (1,472 | ) | - | - | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
(4,528 | ) | (4,481 | ) | (790 | ) | (671 | ) | - | - | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
(222 | ) | 34 | (61 | ) | (3 | ) | (4 | ) | (2 | ) | 12,859 | 28,997 | |||||||||||||||||||
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Net equity transactions |
2,727,813 | 3,675,879 | 1,515,314 | 1,168,832 | (727,630 | ) | (5,476 | ) | 565,128 | 65,160 | ||||||||||||||||||||||
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Net change in contract owners equity |
3,533,306 | 5,960,076 | 1,908,100 | 2,412,168 | (689,099 | ) | 76,574 | 829,608 | 609,698 | |||||||||||||||||||||||
Contract owners equity beginning of period |
18,902,163 | 12,942,087 | 8,074,425 | 5,662,257 | 1,728,409 | 1,651,835 | 2,307,620 | 1,697,922 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 22,435,469 | 18,902,163 | 9,982,525 | 8,074,425 | 1,039,310 | 1,728,409 | 3,137,228 | 2,307,620 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,085,182 | 858,487 | 443,253 | 376,771 | 151,165 | 151,926 | 143,931 | 145,694 | ||||||||||||||||||||||||
Units purchased |
296,465 | 331,683 | 133,782 | 105,550 | - | 12,549 | 35,379 | 16,120 | ||||||||||||||||||||||||
Units redeemed |
(147,645 | ) | (102,739 | ) | (53,226 | ) | (39,231 | ) | (63,324 | ) | (6,308 | ) | (2,902 | ) | (17,883 | ) | ||||||||||||||||
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Ending units |
1,234,002 | 1,085,182 | 523,809 | 443,253 | 87,841 | 151,165 | 176,408 | 143,931 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FGS | FHIS | FHISR | FIP | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 17,245 | 86,474 | 718,703 | 771,817 | 234,363 | 240,892 | 480,797 | 510,592 | |||||||||||||||||||||||
Realized gain (loss) on investments |
2,544,798 | 2,414,973 | 99,956 | 654,390 | 12,368 | 70,255 | 2,019,039 | 1,675,919 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
6,313,633 | 19,140,261 | (670,174 | ) | (664,211 | ) | (202,096 | ) | (47,337 | ) | 1,952,240 | 6,071,802 | ||||||||||||||||||||
Reinvested capital gains |
- | 48,908 | - | - | - | - | 30,656 |
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307,610 |
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Net increase (decrease) in contract owners equity resulting from operations |
8,875,676 | 21,690,616 | 148,485 | 761,996 | 44,635 | 263,810 | 4,482,732 | 8,565,923 | ||||||||||||||||||||||||
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Equity transactions: |
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Purchase payments received from contract owners (notes 2a and 6) |
3,506,167 | 3,924,676 | 9,387 | 72,335 | 342,536 | 352,568 | 3,876 | 389 | ||||||||||||||||||||||||
Transfers between funds |
4,238,663 | (601,439 | ) | (416,141 | ) | (1,744,972 | ) | (113,596 | ) | (628,279 | ) | (1,042,489 | ) | (2,589,907 | ) | |||||||||||||||||
Surrenders (note 6) |
(3,563,417 | ) | (4,357,783 | ) | (400,599 | ) | (773,250 | ) | (206,777 | ) | (368,950 | ) | (1,030,851 | ) | (1,011,259 | ) | ||||||||||||||||
Death Benefits (note 4) |
(393,202 | ) | (406,670 | ) | (22,494 | ) | (108,054 | ) | (16,039 | ) | (84,269 | ) | (135,156 | ) | (87,215 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(241,785 | ) | (104,428 | ) | (29,855 | ) | (28,400 | ) | 40,723 | (1,635 | ) | - | - | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(2,918 | ) | (7,789 | ) | (22 | ) | (108 | ) | (158 | ) | - | - | - | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(3,055,954 | ) | (2,880,363 | ) | (276,762 | ) | (323,888 | ) | (196,976 | ) | (232,873 | ) | (265,281 | ) | (231,244 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(219,608 | ) | (196,792 | ) | (14,940 | ) | (16,794 | ) | (14,609 | ) | (15,158 | ) | - | - | ||||||||||||||||||
MSP contracts |
(7,312 | ) | (6,203 | ) | (1,299 | ) | (1,247 | ) | (430 | ) | (404 | ) | - | - | ||||||||||||||||||
SL contracts or LSFP contracts |
(16,817 | ) | (14,371 | ) | (1,280 | ) | (1,393 | ) | (1,277 | ) | (2,066 | ) | - | - | ||||||||||||||||||
Adjustments to maintain reserves |
11,496 | 26,861 | (68 | ) | (19 | ) | 10 | (7 | ) | 39 | 83 | |||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
255,313 | (4,624,301 | ) | (1,154,073 | ) | (2,925,790 | ) | (166,593 | ) | (981,073 | ) | (2,469,862 | ) | (3,919,153 | ) | |||||||||||||||||
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Net change in contract owners equity |
9,130,989 | 17,066,315 | (1,005,588 | ) | (2,163,794 | ) | (121,958 | ) | (717,263 | ) | 2,012,870 | 4,646,770 | ||||||||||||||||||||
Contract owners equity beginning of period |
79,884,384 | 62,818,069 | 13,537,253 | 15,701,047 | 4,157,098 | 4,874,361 | 32,780,167 | 28,133,397 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 89,015,373 | 79,884,384 | 12,531,665 | 13,537,253 | 4,035,140 | 4,157,098 | 34,793,037 | 32,780,167 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
3,923,497 | 4,158,645 | 674,793 | 826,148 | 272,620 | 338,588 | 2,279,769 | 2,582,139 | ||||||||||||||||||||||||
Units purchased |
478,179 | 309,670 | 5,315 | 31,777 | 28,535 | 31,681 | 1 | - | ||||||||||||||||||||||||
Units redeemed |
(371,218 | ) | (544,797 | ) | (62,878 | ) | (152,639 | ) | (39,135 | ) | (97,649 | ) | (144,748 | ) | (351,091 | ) | ||||||||||||||||
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Ending units |
4,030,458 | 3,923,497 | 617,230 | 674,793 | 262,020 | 272,620 | 2,135,022 | 2,279,769 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FIGBS | FMCS | FOS | FOSR | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 3,131,768 | 812,153 | 40,285 | 144,765 | 116,795 | 116,489 | 149,760 | 148,469 | |||||||||||||||||||||||
Realized gain (loss) on investments |
(99,725 | ) | (58,571 | ) | 3,043,024 | 5,633,438 | 524,334 | 2,535,002 | (41,746 | ) | (225,079 | ) | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(373,491 | ) | (1,879,303 | ) | (1,293,403 | ) | 2,426,696 | (1,556,691 | ) | 714,615 | (1,146,051 | ) | 3,129,620 | |||||||||||||||||||
Reinvested capital gains |
23,761 | 461,406 | 1,149,842 | 5,761,658 | 2,851 | 39,523 | 3,172 | 43,740 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
2,682,313 | (664,315 | ) | 2,939,748 | 13,966,557 | (912,711 | ) | 3,405,629 | (1,034,865 | ) | 3,096,750 | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
919,955 | 1,587,522 | 2,284,157 | 2,636,515 | 59,262 | 53,809 | 743,941 | 815,058 | ||||||||||||||||||||||||
Transfers between funds |
114,296,368 | 4,432,213 | (273,258 | ) | (3,523,023 | ) | (585,051 | ) | (22,263 | ) | 101,466 | (224,255 | ) | |||||||||||||||||||
Surrenders (note 6) |
(890,457 | ) | (1,132,262 | ) | (2,534,732 | ) | (3,229,303 | ) | (238,003 | ) | (4,537,825 | ) | (693,243 | ) | (961,428 | ) | ||||||||||||||||
Death Benefits (note 4) |
(971,673 | ) | (20,836 | ) | (123,685 | ) | (113,148 | ) | (26,843 | ) | (31,882 | ) | (189,589 | ) | (61,338 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(54,970 | ) | (9,364 | ) | (116,137 | ) | (354,279 | ) | (31,088 | ) | (47,216 | ) | (6,352 | ) | 35,591 | |||||||||||||||||
Deductions for surrender charges (note 2d) |
(2,615 | ) | (8,359 | ) | (5,960 | ) | (17,859 | ) | (38 | ) | (356 | ) | (1,208 | ) | (5,347 | ) | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(816,534 | ) | (612,147 | ) | (1,223,722 | ) | (1,220,924 | ) | (306,011 | ) | (337,785 | ) | (478,496 | ) | (486,130 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(27,049 | ) | (30,085 | ) | (94,469 | ) | (87,765 | ) | (15,086 | ) | (16,888 | ) | (45,583 | ) | (43,722 | ) | ||||||||||||||||
MSP contracts |
(3,986 | ) | (4,337 | ) | (4,207 | ) | (3,628 | ) | (634 | ) | (584 | ) | (769 | ) | (713 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(7,934 | ) | (8,908 | ) | (13,150 | ) | (12,580 | ) | (3,051 | ) | (3,017 | ) | (4,235 | ) | (4,012 | ) | ||||||||||||||||
Adjustments to maintain reserves |
1 | 16 | (810 | ) | 151 | 60 | (212 | ) | 295 | (54 | ) | |||||||||||||||||||||
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Net equity transactions |
112,441,106 | 4,193,453 | (2,105,973 | ) | (5,925,843 | ) | (1,146,483 | ) | (4,944,219 | ) | (573,773 | ) | (936,350 | ) | ||||||||||||||||||
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Net change in contract owners equity |
115,123,419 | 3,529,138 | 833,775 | 8,040,714 | (2,059,194 | ) | (1,538,590 | ) | (1,608,638 | ) | 2,160,400 | |||||||||||||||||||||
Contract owners equity beginning of period |
36,825,540 | 33,296,402 | 49,432,238 | 41,391,524 | 11,686,468 | 13,225,058 | 12,833,053 | 10,672,653 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 151,948,959 | 36,825,540 | 50,266,013 | 49,432,238 | 9,627,274 | 11,686,468 | 11,224,415 | 12,833,053 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,366,422 | 2,090,637 | 1,214,517 | 1,383,310 | 587,917 | 898,979 | 711,787 | 771,330 | ||||||||||||||||||||||||
Units purchased |
7,095,346 | 487,316 | 107,483 | 90,141 | 21,203 | 25,808 | 64,174 | 61,471 | ||||||||||||||||||||||||
Units redeemed |
(224,419 | ) | (211,079 | ) | (157,810 | ) | (256,639 | ) | (82,096 | ) | (336,870 | ) | (97,962 | ) | (121,015 | ) | ||||||||||||||||
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Ending units |
9,237,349 | 2,366,422 | 1,164,190 | 1,214,517 | 527,024 | 587,917 | 677,999 | 711,787 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FVSS | FF05S | FF15S | FF25S | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 49,912 | 38,019 | 1,285 | (717 | ) | 121,708 | 109,119 | 159,075 | 124,040 | ||||||||||||||||||||||
Realized gain (loss) on investments |
333,311 | 585,343 | 28 | 34,410 | 554,771 | 128,424 | 409,542 | 484,275 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(55,378 | ) | 600,051 | (140 | ) | (127 | ) | (478,667 | ) | 436,814 | (296,706 | ) | 621,525 | |||||||||||||||||||
Reinvested capital gains |
- | - | 461 | 95 | 130,641 | 85,327 | 193,642 | 115,352 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
327,845 | 1,223,413 | 1,634 | 33,661 | 328,453 | 759,684 | 465,553 | 1,345,192 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
357,759 | 147,365 | 1 | 23 | 517,251 | 902,503 | 93,460 | 30,450 | ||||||||||||||||||||||||
Transfers between funds |
1,029 | 324,964 | 62,356 | 18,302 | 1,396,754 | 1,461,168 | 2,701,802 | 215,355 | ||||||||||||||||||||||||
Surrenders (note 6) |
(106,261 | ) | (440,900 | ) | (1,700 | ) | (17,400 | ) | (369,974 | ) | (128,337 | ) | (102,897 | ) | (232,750 | ) | ||||||||||||||||
Death Benefits (note 4) |
(5,219 | ) | (10,226 | ) | (117 | ) | (1,179 | ) | (3,187 | ) | (3,695 | ) | (4,544 | ) | (14,662 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
(28,745 | ) | 25,154 | - | - | - | - | - | - | |||||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(345 | ) | (1,047 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(150,147 | ) | (152,294 | ) | (341 | ) | (3,606 | ) | (160,980 | ) | (113,150 | ) | (161,685 | ) | (122,383 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(13,680 | ) | (12,666 | ) | - | - | (785 | ) | (731 | ) | (929 | ) | (415 | ) | ||||||||||||||||||
MSP contracts |
(151 | ) | (139 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(440 | ) | (524 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
596 | (41 | ) | 8 | (7 | ) | (40 | ) | 2 | (80 | ) | 3 | ||||||||||||||||||||
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Net equity transactions |
54,396 | (120,354 | ) | 60,207 | (3,867 | ) | 1,379,039 | 2,117,760 | 2,525,127 | (124,402 | ) | |||||||||||||||||||||
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Net change in contract owners equity |
382,241 | 1,103,059 | 61,841 | 29,794 | 1,707,492 | 2,877,444 | 2,990,680 | 1,220,790 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
5,197,182 | 4,094,123 | 29,794 | - | 7,423,685 | 4,546,241 | 7,940,480 | 6,719,690 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 5,579,423 | 5,197,182 | 91,635 | 29,794 | 9,131,177 | 7,423,685 | 10,931,160 | 7,940,480 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
208,874 | 214,480 | 2,444 | - | 560,735 | 391,232 | 585,943 | 593,356 | ||||||||||||||||||||||||
Units purchased |
15,303 | 29,540 | 4,959 | 4,900 | 193,063 | 203,537 | 208,671 | 145,065 | ||||||||||||||||||||||||
Units redeemed |
(13,919 | ) | (35,146 | ) | (173 | ) | (1,919 | ) | (93,218 | ) | (36,138 | ) | (24,783 | ) | (150,423 | ) | ||||||||||||||||
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Ending units |
210,258 | 208,874 | 7,230 | 2,444 | 660,580 | 560,735 | 769,831 | 585,943 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FF40S | FTVIS2 | FTVRDI | FTVSVI | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 71,410 | 60,787 | 333,305 | 384,999 | 262,919 | 287,012 | 92,357 | 156,845 | |||||||||||||||||||||||
Realized gain (loss) on investments |
347,708 | 162,837 | 387,455 | 207,479 | 1,134,666 | 2,033,505 | 430,393 | 424,566 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(248,729 | ) | 665,299 | (414,549 | ) | 201,966 | (268,523 | ) | 2,000,430 | (1,232,457 | ) | 2,515,040 | ||||||||||||||||||||
Reinvested capital gains |
85,456 | 47,611 | - | - | 325,868 | - | 803,503 | 173,687 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
255,845 | 936,534 | 306,211 | 794,444 | 1,454,930 | 4,320,947 | 93,796 | 3,270,138 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
115,049 | 17,082 | 314,504 | 301,865 | 891,303 | 3,622,432 | 372,691 | 420,431 | ||||||||||||||||||||||||
Transfers between funds |
535,532 | 940,364 | 739,090 | 211,209 | (972,305 | ) | 836,107 | (110,442 | ) | (442,309 | ) | |||||||||||||||||||||
Surrenders (note 6) |
(38,169 | ) | (46,216 | ) | (166,259 | ) | (329,867 | ) | (1,779,408 | ) | (3,392,753 | ) | (581,263 | ) | (962,704 | ) | ||||||||||||||||
Death Benefits (note 4) |
(5,183 | ) | (3,035 | ) | (3,844 | ) | (3,487 | ) | (142,148 | ) | (64,201 | ) | (37,858 | ) | (27,923 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | (623,138 | ) | (60 | ) | (290,083 | ) | (125,858 | ) | (82,402 | ) | (92,372 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (997 | ) | (2,994 | ) | (2,250 | ) | (6,297 | ) | (2,081 | ) | (9,727 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(100,311 | ) | (75,054 | ) | (268,960 | ) | (241,173 | ) | (484,520 | ) | (498,917 | ) | (332,354 | ) | (341,266 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(647 | ) | (270 | ) | (17,006 | ) | (14,570 | ) | (54,337 | ) | (53,772 | ) | (34,960 | ) | (35,023 | ) | ||||||||||||||||
MSP contracts |
- | - | (1,944 | ) | (2,104 | ) | (1,815 | ) | (1,673 | ) | (1,579 | ) | (1,403 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (5,251 | ) | (5,291 | ) | (5,902 | ) | (5,950 | ) | (4,112 | ) | (3,923 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
(13 | ) | 13 | (1 | ) | 5 | (2 | ) | 3 | 2 | 28 | |||||||||||||||||||||
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Net equity transactions |
506,258 | 832,884 | (33,806 | ) | (86,467 | ) | (2,841,467 | ) | 309,121 | (814,358 | ) | (1,496,191 | ) | |||||||||||||||||||
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Net change in contract owners equity |
762,103 | 1,769,418 | 272,405 | 707,977 | (1,386,537 | ) | 4,630,068 | (720,562 | ) | 1,773,947 | ||||||||||||||||||||||
Contract owners equity beginning of period |
4,884,677 | 3,115,259 | 6,438,224 | 5,730,247 | 18,538,455 | 13,908,387 | 11,414,310 | 9,640,363 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 5,646,780 | 4,884,677 | 6,710,629 | 6,438,224 | 17,151,918 | 18,538,455 | 10,693,748 | 11,414,310 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
324,799 | 258,702 | 391,706 | 397,235 | 706,879 | 689,703 | 314,978 | 363,138 | ||||||||||||||||||||||||
Units purchased |
48,593 | 76,518 | 93,606 | 36,626 | 28,686 | 106,944 | 14,233 | 15,702 | ||||||||||||||||||||||||
Units redeemed |
(14,482 | ) | (9,167 | ) | (95,047 | ) | (42,156 | ) | (135,588 | ) | (89,768 | ) | (36,700 | ) | (63,862 | ) | ||||||||||||||||
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Ending units |
358,910 | 324,799 | 390,265 | 391,706 | 599,977 | 706,879 | 292,511 | 314,978 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
FTVSV2 | FTVMD2 | FTVDM2 | TIF | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 47,166 | 92,819 | 8,875 | 5,867 | 54,255 | - | 29,394 | 36,332 | |||||||||||||||||||||||
Realized gain (loss) on investments |
699,439 | 826,614 | 6,903 | 9,576 | 1,240 | - | 25,815 | 9,319 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,516,876 | ) | 1,556,526 | (27,197 | ) | 12,935 | (244,573 | ) | - | (205,899 | ) | 252,465 | ||||||||||||||||||||
Reinvested capital gains |
842,839 | 142,063 | 30,567 | 26,905 | - | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
72,568 | 2,618,022 | 19,148 | 55,283 | (189,078 | ) | - | (150,690 | ) | 298,116 | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
579,124 | 481,085 | 7,222 | 12,926 | 120,887 | - | (9 | ) | - | |||||||||||||||||||||||
Transfers between funds |
971,453 | 1,256,391 | 163,942 | 97,498 | 3,552,109 | - | (47,186 | ) | (6,635 | ) | ||||||||||||||||||||||
Surrenders (note 6) |
(404,623 | ) | (359,917 | ) | - | - | (323,181 | ) | - | (40,019 | ) | (58,655 | ) | |||||||||||||||||||
Death Benefits (note 4) |
(628 | ) | (118,863 | ) | - | - | - | - | (11,675 | ) | (2,258 | ) | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(17,721 | ) | (74,839 | ) | (307 | ) | (19,836 | ) | 125,510 | - | (19,385 | ) | (17,041 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | (1,106 | ) | - | (326 | ) | (66 | ) | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(126,141 | ) | (108,718 | ) | (12,749 | ) | (6,994 | ) | (84,918 | ) | - | (31,160 | ) | (34,851 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(1,848 | ) | (1,688 | ) | (9 | ) | - | (7,515 | ) | - | (4,067 | ) | (4,239 | ) | ||||||||||||||||||
MSP contracts |
- | - | - | - | (548 | ) | - | (587 | ) | (541 | ) | |||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | (1,278 | ) | - | (720 | ) | (691 | ) | |||||||||||||||||||||
Adjustments to maintain reserves |
(18 | ) | (1,636 | ) | (2 | ) | (6 | ) | 1 | - | - | 2 | ||||||||||||||||||||
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Net equity transactions |
999,598 | 1,071,815 | 158,097 | 83,588 | 3,379,961 | - | (155,134 | ) | (124,975 | ) | ||||||||||||||||||||||
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Net change in contract owners equity |
1,072,166 | 3,689,837 | 177,245 | 138,871 | 3,190,883 | - | (305,824 | ) | 173,141 | |||||||||||||||||||||||
Contract owners equity beginning of period |
10,229,704 | 6,539,867 | 287,147 | 148,276 | - | - | 1,534,588 | 1,361,447 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 11,301,870 | 10,229,704 | 464,392 | 287,147 | 3,190,883 | - | 1,228,764 | 1,534,588 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
465,556 | 404,795 | 20,950 | 13,771 | - | - | 53,511 | 58,522 | ||||||||||||||||||||||||
Units purchased |
101,829 | 101,398 | 12,089 | 9,191 | 369,641 | - | - | - | ||||||||||||||||||||||||
Units redeemed |
(54,602 | ) | (41,831 | ) | (917 | ) | (2,043 | ) | (31,239 | ) | - | (5,430 | ) | (5,011 | ) | |||||||||||||||||
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Ending units |
512,783 | 465,556 | 32,122 | 20,950 | 338,402 | - | 48,081 | 53,511 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
TIF2 | FTVGI2 | FTVFA2 | GVMCE | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 423,656 | 292,935 | 764,539 | 1,880,803 | 20,231 | 57,618 | 482,978 | 358,784 | |||||||||||||||||||||||
Realized gain (loss) on investments |
594,107 | 572,152 | (1,185,673 | ) | (48,562 | ) | (11,436 | ) | 14,502 | 6,162,866 | 4,490,178 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(4,501,055 | ) | 2,097,163 | 449,607 | (1,715,794 | ) | 7,638 | (56,023 | ) | (9,413,680 | ) | 5,335,962 | ||||||||||||||||||||
Reinvested capital gains |
- | - | - | 499,060 | 617 | 84,028 | 10,364,851 | 4,657,900 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(3,483,292 | ) | 2,962,250 | 28,473 | 615,507 | 17,050 | 100,125 | 7,597,015 | 14,842,824 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
398,507 | 1,015,174 | 568,599 | 1,382,824 | 28,286 | 66,145 | 252,590 | 369,703 | ||||||||||||||||||||||||
Transfers between funds |
12,214,280 | 44,702 | (28,678,998 | ) | 1,883,785 | 129,422 | 193,073 | (2,413,829 | ) | 2,681,331 | ||||||||||||||||||||||
Surrenders (note 6) |
(205,476 | ) | (513,201 | ) | (353,017 | ) | (102,818 | ) | (25,789 | ) | (37,422 | ) | (1,963,117 | ) | (1,010,662 | ) | ||||||||||||||||
Death Benefits (note 4) |
(17,069 | ) | - | (181,466 | ) | (222,812 | ) | (3,411 | ) | (1,257 | ) | (119,400 | ) | (116,713 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
(100,713 | ) | - | (17,517 | ) | (31,309 | ) | (47,723 | ) | (6,375 | ) | (764,847 | ) | (1,416 | ) | |||||||||||||||||
Deductions for surrender charges (note 2d) |
(889 | ) | - | (812 | ) | - | - | (585 | ) | - | - | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(336,496 | ) | (153,662 | ) | (376,575 | ) | (441,968 | ) | (26,507 | ) | (22,554 | ) | (565,821 | ) | (533,579 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(14,051 | ) | - | (19,826 | ) | (3,259 | ) | (3,022 | ) | (2,269 | ) | - | - | |||||||||||||||||||
MSP contracts |
(192 | ) | - | (603 | ) | - | (25 | ) | (57 | ) | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
(2,257 | ) | - | (2,696 | ) | - | (6 | ) | (2 | ) | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
78 | (253 | ) | (11 | ) | 180 | 7 | (2 | ) | (32 | ) | (158 | ) | |||||||||||||||||||
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Net equity transactions |
11,935,722 | 392,760 | (29,062,922 | ) | 2,464,623 | 51,232 | 188,695 | (5,574,456 | ) | 1,388,506 | ||||||||||||||||||||||
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Net change in contract owners equity |
8,452,430 | 3,355,010 | (29,034,449 | ) | 3,080,130 | 68,282 | 288,820 | 2,022,559 | 16,231,330 | |||||||||||||||||||||||
Contract owners equity beginning of period |
16,554,377 | 13,199,367 | 42,440,610 | 39,360,480 | 672,789 | 383,969 | 61,475,627 | 45,244,297 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 25,006,807 | 16,554,377 | 13,406,161 | 42,440,610 | 741,071 | 672,789 | 63,498,186 | 61,475,627 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
642,739 | 628,537 | 2,511,603 | 2,363,034 | 50,080 | 35,375 | 1,889,614 | 1,843,696 | ||||||||||||||||||||||||
Units purchased |
478,675 | 70,193 | 695,062 | 234,522 | 11,348 | 20,675 | 11,958 | 114,604 | ||||||||||||||||||||||||
Units redeemed |
(34,183 | ) | (57,636 | ) | (2,432,056 | ) | (85,283 | ) | (7,793 | ) | (5,970 | ) | (179,265 | ) | (66,999 | ) | ||||||||||||||||
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Ending units |
1,087,231 | 642,739 | 774,609 | 2,511,603 | 53,635 | 50,080 | 1,722,307 | 1,889,614 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GVCSE | GVGOPS | SBVSG | BNCAI | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 265 | - | (1,981 | ) | (850 | ) | (16,686 | ) | (7,455 | ) | (1,969 | ) | 23,452 | ||||||||||||||||||
Realized gain (loss) on investments |
(73 | ) | - | 59,857 | 16,435 | 534,587 | 171,098 | 639,012 | 3,030,022 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(4,167 | ) | - | (211,422 | ) | 43,842 | (1,036,828 | ) | 906,060 | (249,467 | ) | (267,104 | ) | |||||||||||||||||||
Reinvested capital gains |
5,582 | - | 239,061 | 38,983 | 914,902 | 390,777 | 55,379 | 888,074 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
1,607 | - | 85,515 | 98,410 | 395,975 | 1,460,480 | 442,955 | 3,674,444 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
(40 | ) | - | 124,729 | 39,295 | 641,528 | 507,247 | 347,111 | 234,496 | |||||||||||||||||||||||
Transfers between funds |
39,292 | - | 482,103 | 474,985 | 2,153,026 | 2,253,409 | (321,356 | ) | 456,748 | |||||||||||||||||||||||
Surrenders (note 6) |
- | - | (25,400 | ) | (32,033 | ) | (169,279 | ) | (73,559 | ) | (697,138 | ) | (3,687,676 | ) | ||||||||||||||||||
Death Benefits (note 4) |
- | - | (5,396 | ) | - | (11,381 | ) | (20,813 | ) | - | (32,310 | ) | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | 22 | (2,889 | ) | (8,840 | ) | (11,484 | ) | 1,512 | - | |||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,133 | ) | - | (16,632 | ) | (8,031 | ) | (126,022 | ) | (69,874 | ) | (98,225 | ) | (139,561 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(7 | ) | - | (24 | ) | (15 | ) | (835 | ) | (558 | ) | (83 | ) | (279 | ) | |||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
3 | - | 4 | (6 | ) | (34 | ) | 324 | (173 | ) | (161 | ) | ||||||||||||||||||||
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Net equity transactions |
38,115 | - | 559,406 | 471,306 | 2,478,163 | 2,584,692 | (768,352 | ) | (3,168,743 | ) | ||||||||||||||||||||||
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Net change in contract owners equity |
39,722 | - | 644,921 | 569,716 | 2,874,138 | 4,045,172 | (325,397 | ) | 505,701 | |||||||||||||||||||||||
Contract owners equity beginning of period |
- | - | 619,638 | 49,922 | 6,165,317 | 2,120,145 | 10,646,512 | 10,140,811 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 39,722 | - | 1,264,559 | 619,638 | 9,039,455 | 6,165,317 | 10,321,115 | 10,646,512 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 44,812 | 4,758 | 334,875 | 168,989 | 303,601 | 404,574 | ||||||||||||||||||||||||
Units purchased |
3,077 | - | 43,965 | 51,766 | 181,747 | 177,249 | 20,134 | 38,076 | ||||||||||||||||||||||||
Units redeemed |
(91 | ) | - | (6,275 | ) | (11,571 | ) | (43,686 | ) | (11,513 | ) | (42,351 | ) | (139,319 | ) | |||||||||||||||||
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Ending units |
2,986 | - | 82,502 | 44,812 | 472,936 | 334,875 | 281,384 | 303,601 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
AMTB | AMGP | AMCG | AMTP | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 66,390 | 76,739 | 3,206 | 6,547 | (5,978 | ) | (6,511 | ) | 7,553 | 9,816 | |||||||||||||||||||||
Realized gain (loss) on investments |
(29,536 | ) | (2,344 | ) | 105,425 | 77,627 | 249,506 | 546,575 | 20,837 | 460,320 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(14,875 | ) | (51,767 | ) | (183,782 | ) | 165,557 | (1,131,079 | ) | 292,896 | 72,463 | (109,936 | ) | |||||||||||||||||||
Reinvested capital gains |
- | - | 174,821 | 50,106 | 1,067,675 | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
21,979 | 22,628 | 99,670 | 299,837 | 180,124 | 832,960 | 100,853 | 360,200 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
207,462 | 186,327 | 39 | 426 | 1,302 | 44,401 | 16,581 | 44,274 | ||||||||||||||||||||||||
Transfers between funds |
374,538 | 335,597 | (176,697 | ) | 311,264 | (213,755 | ) | (288,184 | ) | 51,584 | (1,162,995 | ) | ||||||||||||||||||||
Surrenders (note 6) |
(210,227 | ) | (350,711 | ) | (10,944 | ) | (232,936 | ) | - | (675,892 | ) | - | (471,358 | ) | ||||||||||||||||||
Death Benefits (note 4) |
(81,355 | ) | (4,383 | ) | - | (3,995 | ) | - | (11,671 | ) | - | - | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
82,179 | (33,603 | ) | - | - | 76 | (163 | ) | (26,299 | ) | (22,999 | ) | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(338 | ) | (1,319 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(192,609 | ) | (226,366 | ) | (12,406 | ) | (10,556 | ) | (30,531 | ) | (39,050 | ) | (12,540 | ) | (19,035 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(12,420 | ) | (13,126 | ) | - | - | (3 | ) | (8 | ) | (393 | ) | (382 | ) | ||||||||||||||||||
MSP contracts |
(549 | ) | (535 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(1,723 | ) | (1,810 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
(2 | ) | (1 | ) | 32 | (61 | ) | 99 | 109 | (45 | ) | (180 | ) | |||||||||||||||||||
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Net equity transactions |
164,956 | (109,930 | ) | (199,976 | ) | 64,142 | (242,812 | ) | (970,458 | ) | 28,888 | (1,632,675 | ) | |||||||||||||||||||
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Net change in contract owners equity |
186,935 | (87,302 | ) | (100,306 | ) | 363,979 | (62,688 | ) | (137,498 | ) | 129,741 | (1,272,475 | ) | |||||||||||||||||||
Contract owners equity beginning of period |
3,565,590 | 3,652,892 | 1,174,843 | 810,864 | 2,936,405 | 3,073,903 | 1,043,828 | 2,316,303 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 3,752,525 | 3,565,590 | 1,074,537 | 1,174,843 | 2,873,717 | 2,936,405 | 1,173,569 | 1,043,828 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
290,095 | 299,031 | 51,556 | 49,333 | 147,342 | 203,445 | 49,246 | 144,447 | ||||||||||||||||||||||||
Units purchased |
60,633 | 44,331 | 1,930 | 15,543 | 1,326 | 2,680 | 4,215 | 2,442 | ||||||||||||||||||||||||
Units redeemed |
(47,275 | ) | (53,267 | ) | (9,834 | ) | (13,321 | ) | (15,462 | ) | (58,784 | ) | (2,857 | ) | (97,641 | ) | ||||||||||||||||
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Ending units |
303,453 | 290,095 | 43,652 | 51,556 | 133,206 | 147,342 | 50,604 | 49,246 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
AMRI | AMFAS | AMSRS | OVGR | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 40,717 | 47,139 | (1,989 | ) | (2,404 | ) | 8,965 | 19,210 | 39,595 | 127,020 | |||||||||||||||||||||
Realized gain (loss) on investments |
143,151 | 162,618 | 615,917 | 157,558 | 437,717 | 185,853 | 2,183,808 | 1,927,411 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
330,527 | 1,259,192 | (749,617 | ) | 642,040 | (212,015 | ) | 658,644 | (327,253 | ) | 2,378,329 | |||||||||||||||||||||
Reinvested capital gains |
141,577 | - | 147,915 | - | - | - | 412,312 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
655,972 | 1,468,949 | 12,226 | 797,194 | 234,667 | 863,707 | 2,308,462 | 4,432,760 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
8,698 | 17,477 | 106,830 | 34,054 | 96,287 | 112,733 | 74,011 | 414,505 | ||||||||||||||||||||||||
Transfers between funds |
(317,278 | ) | (378,130 | ) | (1,359,258 | ) | 798,250 | (149,191 | ) | (17,446 | ) | (3,118,740 | ) | (3,678,577 | ) | |||||||||||||||||
Surrenders (note 6) |
(279,446 | ) | - | (79,063 | ) | (163,700 | ) | (560,029 | ) | (150,626 | ) | (400,040 | ) | (1,220,462 | ) | |||||||||||||||||
Death Benefits (note 4) |
- | - | (8,113 | ) | - | (78 | ) | (19,715 | ) | (157,820 | ) | (53,132 | ) | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | (15,965 | ) | (10,863 | ) | (10,848 | ) | (11,156 | ) | 1,272 | 33,867 | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (26 | ) | (650 | ) | (164 | ) | (3,554 | ) | - | (219 | ) | |||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(42,883 | ) | (42,833 | ) | (44,828 | ) | (42,003 | ) | (97,132 | ) | (106,877 | ) | (287,004 | ) | (306,610 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(91 | ) | (429 | ) | (3,679 | ) | (3,071 | ) | (8,960 | ) | (9,303 | ) | (116 | ) | (168 | ) | ||||||||||||||||
MSP contracts |
- | - | (67 | ) | (65 | ) | (494 | ) | (436 | ) | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (339 | ) | (260 | ) | (1,076 | ) | (978 | ) | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
3 | 368 | 6 | (80 | ) | 37 | 70 | 3,737 | 5,131 | |||||||||||||||||||||||
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Net equity transactions |
(630,997 | ) | (403,547 | ) | (1,404,502 | ) | 611,612 | (731,648 | ) | (207,288 | ) | (3,884,700 | ) | (4,805,665 | ) | |||||||||||||||||
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Net change in contract owners equity |
24,975 | 1,065,402 | (1,392,276 | ) | 1,408,806 | (496,981 | ) | 656,419 | (1,576,238 | ) | (372,905 | ) | ||||||||||||||||||||
Contract owners equity beginning of period |
5,373,194 | 4,307,792 | 3,077,339 | 1,668,533 | 3,013,621 | 2,357,202 | 17,494,571 | 17,867,476 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 5,398,169 | 5,373,194 | 1,685,063 | 3,077,339 | 2,516,640 | 3,013,621 | 15,918,333 | 17,494,571 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
347,690 | 380,913 | 145,700 | 115,055 | 113,615 | 122,284 | 1,162,020 | 1,524,196 | ||||||||||||||||||||||||
Units purchased |
4,335 | 8,343 | 5,614 | 42,289 | 4,347 | 6,771 | 14,746 | 55,349 | ||||||||||||||||||||||||
Units redeemed |
(44,329 | ) | (41,598 | ) | (74,940 | ) | (11,644 | ) | (32,007 | ) | (15,440 | ) | (262,243 | ) | (417,496 | ) | ||||||||||||||||
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Ending units |
307,696 | 347,690 | 76,374 | 145,700 | 85,955 | 113,615 | 914,523 | 1,162,020 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
OVGS | OVIG | OVGI | OVSC | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 749,815 | 623,081 | 25,383 | (138 | ) | 249,777 | 303,013 | 54,635 | 55,301 | ||||||||||||||||||||||
Realized gain (loss) on investments |
4,237,273 | 1,380,542 | 3,155 | 3,455 | 945,920 | 799,595 | 859,479 | 961,743 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(6,801,382 | ) | 10,477,399 | (295,421 | ) | 28,836 | 1,356,012 | 6,763,774 | (1,049,947 | ) | 835,090 | |||||||||||||||||||||
Reinvested capital gains |
3,453,772 | - | 54,842 | - | 630,794 | - | 877,758 | 72,803 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,639,478 | 12,481,022 | (212,041 | ) | 32,153 | 3,182,503 | 7,866,382 | 741,925 | 1,924,937 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
2,583,245 | 1,733,659 | 147,618 | 32,013 | 1,195,673 | 1,298,703 | 481,893 | 1,347,529 | ||||||||||||||||||||||||
Transfers between funds |
17,702,261 | 1,197,747 | 2,660,982 | 533,661 | (551,921 | ) | (207,093 | ) | 378,253 | 606,866 | ||||||||||||||||||||||
Surrenders (note 6) |
(1,858,609 | ) | (1,721,610 | ) | (1,737 | ) | - | (1,459,894 | ) | (2,228,756 | ) | (741,741 | ) | (1,370,738 | ) | |||||||||||||||||
Death Benefits (note 4) |
(252,137 | ) | (143,790 | ) | - | - | (280,682 | ) | (110,658 | ) | (90,513 | ) | (27,022 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(275,444 | ) | (415,226 | ) | (11,692 | ) | - | (104,022 | ) | (80,290 | ) | 10,157 | 35,775 | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(2,534 | ) | (1,432 | ) | - | - | (1,126 | ) | (7,549 | ) | (5,131 | ) | (5,662 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,441,915 | ) | (906,372 | ) | (66,191 | ) | (4,234 | ) | (1,216,869 | ) | (1,201,945 | ) | (216,397 | ) | (216,024 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(84,447 | ) | (35,398 | ) | (281 | ) | (70 | ) | (101,691 | ) | (95,297 | ) | (20,952 | ) | (19,720 | ) | ||||||||||||||||
MSP contracts |
(3,875 | ) | (1,274 | ) | - | - | (4,055 | ) | (3,579 | ) | (533 | ) | (464 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
(9,844 | ) | (3,907 | ) | - | - | (7,202 | ) | (7,142 | ) | (3,129 | ) | (2,848 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
275 | 19 | - | 2 | (13 | ) | (104 | ) | 25 | 17 | ||||||||||||||||||||||
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Net equity transactions |
16,356,976 | (297,584 | ) | 2,728,699 | 561,372 | (2,531,802 | ) | (2,643,710 | ) | (208,068 | ) | 347,709 | ||||||||||||||||||||
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Net change in contract owners equity |
17,996,454 | 12,183,438 | 2,516,658 | 593,525 | 650,701 | 5,222,672 | 533,857 | 2,272,646 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
58,406,310 | 46,222,872 | 593,525 | - | 31,396,294 | 26,173,622 | 6,667,259 | 4,394,613 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 76,402,764 | 58,406,310 | 3,110,183 | 593,525 | 32,046,995 | 31,396,294 | 7,201,116 | 6,667,259 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,717,740 | 2,734,473 | 51,327 | - | 1,526,979 | 1,674,156 | 188,218 | 174,944 | ||||||||||||||||||||||||
Units purchased |
1,474,944 | 261,477 | 265,998 | 51,717 | 66,625 | 87,107 | 26,940 | 34,709 | ||||||||||||||||||||||||
Units redeemed |
(734,774 | ) | (284,021 | ) | (26,722 | ) | (390 | ) | (185,137 | ) | (233,157 | ) | (33,542 | ) | (21,435 | ) | ||||||||||||||||
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Ending units |
3,457,910 | 2,717,740 | 290,603 | 51,327 | 1,408,467 | 1,526,979 | 181,616 | 188,218 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
OVAG | OVSB | PMVAAA | PMVRSA | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (13,281 | ) | (9,582 | ) | 846,800 | 181,697 | 1,433,717 | 1,218,275 | 53 | - | |||||||||||||||||||||
Realized gain (loss) on investments |
1,090,889 | 1,142,692 | (35,539 | ) | (37,649 | ) | 95,831 | 214,098 | (3,544 | ) | - | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
372,504 | 6,622,210 | (420,887 | ) | (69,435 | ) | (1,463,732 | ) | (1,479,642 | ) | (6,317 | ) | - | |||||||||||||||||||
Reinvested capital gains |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,450,112 | 7,755,320 | 390,374 | 74,613 | 65,816 | (47,269 | ) | (9,808 | ) | - | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,202,342 | 1,333,884 | 6,030,423 | 161,624 | 1,488,162 | 587,800 | 4,528 | - | ||||||||||||||||||||||||
Transfers between funds |
(1,003,108 | ) | (932,027 | ) | 2,861,614 | 11,529,173 | 312,130 | 1,405,936 | 50,302 | - | ||||||||||||||||||||||
Surrenders (note 6) |
(1,576,686 | ) | (2,056,439 | ) | (512,788 | ) | (422,473 | ) | (524,522 | ) | (567,999 | ) | (4,161 | ) | - | |||||||||||||||||
Death Benefits (note 4) |
(98,971 | ) | (78,916 | ) | (20,127 | ) | (13,104 | ) | (79,156 | ) | (139,080 | ) | - | - | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(103,119 | ) | 34,367 | (261,856 | ) | (64,814 | ) | (1,047 | ) | (51,956 | ) | 20 | - | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(27 | ) | (89 | ) | (230 | ) | (1,657 | ) | - | - | - | - | ||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(1,131,463 | ) | (1,143,708 | ) | (160,413 | ) | (109,829 | ) | (325,960 | ) | (346,510 | ) | (3,664 | ) | - | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(88,053 | ) | (84,569 | ) | (7,490 | ) | (7,452 | ) | (3,874 | ) | (4,662 | ) | (80 | ) | - | |||||||||||||||||
MSP contracts |
(1,577 | ) | (1,388 | ) | (93 | ) | (92 | ) | - | - | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
(3,845 | ) | (3,791 | ) | (40,040 | ) | (10,609 | ) | - | - | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
4,221 | 19,123 | 19 | (13 | ) | 28 | (49 | ) | - | - | ||||||||||||||||||||||
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Net equity transactions |
(2,800,286 | ) | (2,913,553 | ) | 7,889,019 | 11,060,754 | 865,761 | 883,480 | 46,945 | - | ||||||||||||||||||||||
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Net change in contract owners equity |
(1,350,174 | ) | 4,841,767 | 8,279,393 | 11,135,367 | 931,577 | 836,211 | 37,137 | - | |||||||||||||||||||||||
Contract owners equity beginning of period |
28,081,043 | 23,239,276 | 13,001,496 | 1,866,129 | 26,438,388 | 25,602,177 | - | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 26,730,869 | 28,081,043 | 21,280,889 | 13,001,496 | 27,369,965 | 26,438,388 | 37,137 | - | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,422,801 | 1,587,180 | 977,067 | 140,055 | 1,466,038 | 1,420,335 | - | - | ||||||||||||||||||||||||
Units purchased |
61,948 | 111,415 | 650,508 | 865,457 | 114,419 | 184,123 | 5,908 | - | ||||||||||||||||||||||||
Units redeemed |
(209,147 | ) | (281,686 | ) | (72,456 | ) | (28,445 | ) | (66,582 | ) | (124,232 | ) | (910 | ) | - | |||||||||||||||||
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Ending units |
1,275,602 | 1,422,801 | 1,555,119 | 977,067 | 1,513,875 | 1,466,038 | 4,998 | - | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
PMVFBA | PMVLGA | PMVLDA | PMVRRA | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 40,999 | 53,224 | 43,384 | 22,282 | 600,064 | 684,185 | 1,197,973 | 1,555,178 | |||||||||||||||||||||||
Realized gain (loss) on investments |
(90,952 | ) | (114,267 | ) | (50,276 | ) | (53,157 | ) | 347,712 | 343,633 | (375,101 | ) | 1,152,924 | |||||||||||||||||||
Change in unrealized gain (loss) on investments |
133,478 | (150,954 | ) | 457,232 | (171,211 | ) | (519,240 | ) | (1,169,651 | ) | 2,004,889 | (14,342,737 | ) | |||||||||||||||||||
Reinvested capital gains |
3,808 | 29,700 | - | 81,481 | - | - | - | 792,718 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
87,333 | (182,297 | ) | 450,340 | (120,605 | ) | 428,536 | (141,833 | ) | 2,827,761 | (10,841,917 | ) | ||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
66,640 | 73,596 | 200,906 | 178,611 | 1,758,467 | 4,034,203 | 2,759,613 | 4,360,070 | ||||||||||||||||||||||||
Transfers between funds |
(1,532,813 | ) | 1,520,632 | 121,641 | 1,356,026 | 3,242,173 | 10,463,560 | (3,268,058 | ) | (9,270,754 | ) | |||||||||||||||||||||
Surrenders (note 6) |
(118,673 | ) | (410,086 | ) | - | - | (1,848,861 | ) | (1,921,292 | ) | (1,579,773 | ) | (2,161,408 | ) | ||||||||||||||||||
Death Benefits (note 4) |
(338 | ) | (22,381 | ) | - | - | (150,717 | ) | (59,672 | ) | (524,882 | ) | (192,663 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(31,433 | ) | (640 | ) | (1,681 | ) | (6,238 | ) | (867,968 | ) | 573,636 | (17,060 | ) | (158,584 | ) | |||||||||||||||||
Deductions for surrender charges (note 2d) |
- | (7,478 | ) | - | - | (34 | ) | (2,285 | ) | - | - | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(76,203 | ) | (103,498 | ) | (32,718 | ) | (21,028 | ) | (1,063,564 | ) | (953,577 | ) | (1,100,999 | ) | (1,350,464 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(4,820 | ) | (7,930 | ) | - | - | (22,308 | ) | (23,978 | ) | (7,146 | ) | (7,953 | ) | ||||||||||||||||||
MSP contracts |
(32 | ) | (29 | ) | - | - | (1,129 | ) | (1,040 | ) | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
(590 | ) | (984 | ) | - | - | (3,034 | ) | (3,630 | ) | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
66 | (28 | ) | (125 | ) | 81 | (1,765 | ) | 1,115 | (1,448 | ) | 2,214 | ||||||||||||||||||||
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|
|||||||||||||||||
Net equity transactions |
(1,698,196 | ) | 1,041,174 | 288,023 | 1,507,452 | 1,041,260 | 12,107,040 | (3,739,753 | ) | (8,779,542 | ) | |||||||||||||||||||||
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|
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|
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|
|||||||||||||||||
Net change in contract owners equity |
(1,610,863 | ) | 858,877 | 738,363 | 1,386,847 | 1,469,796 | 11,965,207 | (911,992 | ) | (19,621,459 | ) | |||||||||||||||||||||
Contract owners equity beginning of period |
2,986,586 | 2,127,709 | 1,798,035 | 411,188 | 63,117,103 | 51,151,896 | 96,923,936 | 116,545,395 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity end of period |
$ | 1,375,723 | 2,986,586 | 2,536,398 | 1,798,035 | 64,586,899 | 63,117,103 | 96,011,944 | 96,923,936 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
231,139 | 154,021 | 147,258 | 29,236 | 4,244,504 | 3,426,127 | 5,409,910 | 5,891,396 | ||||||||||||||||||||||||
Units purchased |
11,598 | 129,914 | 24,494 | 120,557 | 510,125 | 1,017,122 | 294,294 | 234,904 | ||||||||||||||||||||||||
Units redeemed |
(136,373 | ) | (52,720 | ) | (3,819 | ) | (2,424 | ) | (438,998 | ) | (187,737 | ) | (496,470 | ) | (723,382 | ) | ||||||||||||||||
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Ending units |
106,364 | 231,139 | 167,933 | 147,258 | 4,315,631 | 4,244,504 | 5,207,734 | 5,409,910 | ||||||||||||||||||||||||
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|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
PMVTRA | PIVEMI | PIHYB1 | PVGIB | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 6,214,844 | 8,756,989 | 5,879 | 13,799 | 270,609 | 362,649 | 11,151 | 16,492 | |||||||||||||||||||||||
Realized gain (loss) on investments |
(2,453,928 | ) | 1,512,291 | 41,922 | (59,815 | ) | 57,018 | 34,094 | 115,015 | 143,773 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
11,902,154 | (23,579,056 | ) | (157,367 | ) | 24,038 | (547,339 | ) | (9,948 | ) | (28,407 | ) | 129,299 | |||||||||||||||||||
Reinvested capital gains |
- | 3,716,337 | 5,637 | - | 216,569 | 413,499 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
15,663,070 | (9,593,439 | ) | (103,929 | ) | (21,978 | ) | (3,143 | ) | 800,294 | 97,759 | 289,564 | ||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
5,925,247 | 10,107,654 | 42,783 | 97,846 | 218,092 | 381,632 | 56,136 | 51,747 | ||||||||||||||||||||||||
Transfers between funds |
(260,110,298 | ) | 448,202 | (557,734 | ) | (107,571 | ) | (607,363 | ) | (1,810,100 | ) | 148,785 | 141,513 | |||||||||||||||||||
Surrenders (note 6) |
(5,154,073 | ) | (7,254,435 | ) | (93 | ) | (50,036 | ) | (365,435 | ) | (508,031 | ) | (137,088 | ) | (38,410 | ) | ||||||||||||||||
Death Benefits (note 4) |
(955,782 | ) | (1,667,669 | ) | - | - | (15,566 | ) | (4,707 | ) | (14,775 | ) | - | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
(3,222,596 | ) | (475,868 | ) | - | - | (13,343 | ) | (8,690 | ) | (3,851 | ) | (163,174 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | (368 | ) | - | - | - | - | (81 | ) | (506 | ) | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(4,333,882 | ) | (4,926,736 | ) | (18,755 | ) | (31,701 | ) | (105,771 | ) | (122,872 | ) | (53,677 | ) | (50,352 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(45,584 | ) | (47,459 | ) | (1,063 | ) | (1,055 | ) | (1,072 | ) | (1,019 | ) | (3,644 | ) | (3,704 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | (46 | ) | (39 | ) | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | (600 | ) | (360 | ) | ||||||||||||||||||||||
Adjustments to maintain reserves |
(11,618 | ) | 24,626 | (3 | ) | (5 | ) | 44 | 4,303 | 14 | (10 | ) | ||||||||||||||||||||
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Net equity transactions |
(267,908,586 | ) | (3,792,053 | ) | (534,865 | ) | (92,522 | ) | (890,414 | ) | (2,069,484 | ) | (8,827 | ) | (63,295 | ) | ||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
(252,245,516 | ) | (13,385,492 | ) | (638,794 | ) | (114,500 | ) | (893,557 | ) | (1,269,190 | ) | 88,932 | 226,269 | ||||||||||||||||||
Contract owners equity beginning of period |
421,168,048 | 434,553,540 | 1,462,804 | 1,577,304 | 6,364,135 | 7,633,325 | 993,714 | 767,445 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 168,922,532 | 421,168,048 | 824,010 | 1,462,804 | 5,470,578 | 6,364,135 | 1,082,646 | 993,714 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
22,671,205 | 22,903,897 | 198,081 | 209,227 | 238,255 | 320,179 | 44,765 | 46,906 | ||||||||||||||||||||||||
Units purchased |
687,183 | 1,055,073 | 7,267 | 13,305 | 17,683 | 28,768 | 7,352 | 12,627 | ||||||||||||||||||||||||
Units redeemed |
(14,586,587 | ) | (1,324,153 | ) | (78,067 | ) | (24,453 | ) | (50,986 | ) | (110,980 | ) | (8,073 | ) | (14,768 | ) | ||||||||||||||||
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Ending units |
8,771,801 | 22,671,205 | 127,281 | 198,081 | 204,952 | 238,255 | 44,044 | 44,765 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
PVTIGB | PVTSCB | PVTVB | ACGI | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 10,438 | 14,504 | 392 | 23 | 12,777 | 10,749 | 78,754 | 50,776 | |||||||||||||||||||||||
Realized gain (loss) on investments |
46,820 | 57,724 | (8,730 | ) | 569 | 217,303 | 9,260 | 520,619 | 155,776 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(136,789 | ) | 184,489 | (46,073 | ) | 755 | (113,593 | ) | 504,027 | (713,774 | ) | 913,481 | ||||||||||||||||||||
Reinvested capital gains |
- | - | 68,349 | 54 | 32,785 | - | 587,759 | 35,714 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(79,531 | ) | 256,717 | 13,938 | 1,401 | 149,272 | 524,036 | 473,358 | 1,155,747 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
31,836 | 36,015 | 1,672 | 1,700 | 84,210 | 191,969 | 242,709 | 59,107 | ||||||||||||||||||||||||
Transfers between funds |
127,211 | 15,704 | 726,247 | 4,254 | (269,585 | ) | 209,851 | 250,106 | (236,972 | ) | ||||||||||||||||||||||
Surrenders (note 6) |
(39,262 | ) | (50,959 | ) | - | (231 | ) | (262,690 | ) | (56,960 | ) | (22,196 | ) | (54,091 | ) | |||||||||||||||||
Death Benefits (note 4) |
(14,587 | ) | - | - | - | (1,552 | ) | (153 | ) | - | - | |||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(2,335 | ) | (15,227 | ) | - | - | (12,268 | ) | 22,022 | (1,507 | ) | (98 | ) | |||||||||||||||||||
Deductions for surrender charges (note 2d) |
(72 | ) | (235 | ) | - | - | (56 | ) | (158 | ) | - | - | ||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(49,517 | ) | (50,882 | ) | (15,067 | ) | (161 | ) | (55,944 | ) | (48,938 | ) | (59,975 | ) | (42,763 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(3,450 | ) | (3,237 | ) | (40 | ) | - | (5,514 | ) | (4,782 | ) | (60 | ) | (93 | ) | |||||||||||||||||
MSP contracts |
(12 | ) | (11 | ) | - | - | (591 | ) | (488 | ) | - | - | ||||||||||||||||||||
SL contracts or LSFP contracts |
(431 | ) | (243 | ) | - | - | (821 | ) | (637 | ) | - | - | ||||||||||||||||||||
Adjustments to maintain reserves |
10 | (15 | ) | 6 | 4 | (6 | ) | 19 | (20 | ) | 23 | |||||||||||||||||||||
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Net equity transactions |
49,391 | (69,090 | ) | 712,818 | 5,566 | (524,817 | ) | 311,745 | 409,057 | (274,887 | ) | |||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
(30,140 | ) | 187,627 | 726,756 | 6,967 | (375,545 | ) | 835,781 | 882,415 | 880,860 | ||||||||||||||||||||||
Contract owners equity beginning of period |
1,142,034 | 954,407 | 9,931 | 2,964 | 1,973,714 | 1,137,933 | 4,412,360 | 3,531,500 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 1,111,894 | 1,142,034 | 736,687 | 9,931 | 1,598,169 | 1,973,714 | 5,294,775 | 4,412,360 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
49,608 | 53,095 | 720 | 299 | 80,179 | 66,439 | 286,045 | 306,238 | ||||||||||||||||||||||||
Units purchased |
8,513 | 2,453 | 52,102 | 615 | 4,518 | 19,016 | 42,885 | 7,097 | ||||||||||||||||||||||||
Units redeemed |
(6,311 | ) | (5,939 | ) | (1,092 | ) | (194 | ) | (25,526 | ) | (5,277 | ) | (16,906 | ) | (27,338 | ) | ||||||||||||||||
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Ending units |
51,810 | 49,608 | 51,730 | 720 | 59,171 | 80,179 | 312,024 | 286,045 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
ACEG | AVBVI | AVHY1 | AVIE | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 457 | 3,847 | 7,188 | 5,809 | 471,750 | 426,717 | 807,529 | 505,885 | |||||||||||||||||||||||
Realized gain (loss) on investments |
77,339 | 9,583 | 47,848 | 90,525 | 302,831 | 444,120 | 2,262,537 | 1,374,988 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,013 | 292,019 | (20,511 | ) | 66,097 | (700,699 | ) | (221,996 | ) | (2,963,874 | ) | 6,629,746 | ||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
85,809 | 305,449 | 34,525 | 162,431 | 73,882 | 648,841 | 106,192 | 8,510,619 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
62,162 | 70,638 | 256 | 22,642 | 223,646 | 146,862 | 1,763,521 | 1,943,097 | ||||||||||||||||||||||||
Transfers between funds |
(71,191 | ) | 137,165 | (15,025 | ) | (235,494 | ) | 5,360,342 | 240,536 | 4,665,540 | 4,100,632 | |||||||||||||||||||||
Surrenders (note 6) |
(88,019 | ) | (57,746 | ) | (103 | ) | (98,364 | ) | (459,128 | ) | (281,010 | ) | (2,126,421 | ) | (833,895 | ) | ||||||||||||||||
Death Benefits (note 4) |
(7,844 | ) | (555 | ) | - | - | (24,298 | ) | (38,287 | ) | (321,634 | ) | (120,825 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
(531 | ) | (16,602 | ) | 103 | (1,647 | ) | 9,586 | (71,820 | ) | (65,527 | ) | (19,413 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
(569 | ) | (1,653 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(53,793 | ) | (49,597 | ) | (5,385 | ) | (10,749 | ) | (118,607 | ) | (99,085 | ) | (656,072 | ) | (589,749 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(4,414 | ) | (3,713 | ) | 1 | - | (695 | ) | (798 | ) | (2,524 | ) | (1,980 | ) | ||||||||||||||||||
MSP contracts |
(234 | ) | (191 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(214 | ) | (239 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
- | 423 | (8 | ) | (29 | ) | (33 | ) | (1,931 | ) | 55 | (177 | ) | |||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(164,647 | ) | 77,930 | (20,161 | ) | (323,641 | ) | 4,990,813 | (105,533 | ) | 3,256,938 | 4,477,690 | ||||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
(78,838 | ) | 383,379 | 14,364 | (161,210 | ) | 5,064,695 | 543,308 | 3,363,130 | 12,988,309 | ||||||||||||||||||||||
Contract owners equity beginning of period |
1,187,662 | 804,283 | 529,924 | 691,134 | 10,432,057 | 9,888,749 | 55,292,311 | 42,304,002 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 1,108,824 | 1,187,662 | 544,288 | 529,924 | 15,496,752 | 10,432,057 | 58,655,441 | 55,292,311 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
86,923 | 82,490 | 25,874 | 45,186 | 781,618 | 791,083 | 2,336,984 | 2,122,930 | ||||||||||||||||||||||||
Units purchased |
6,168 | 16,835 | 478 | 1,296 | 433,135 | 54,035 | 308,167 | 327,171 | ||||||||||||||||||||||||
Units redeemed |
(18,254 | ) | (12,402 | ) | (1,383 | ) | (20,607 | ) | (71,000 | ) | (57,787 | ) | (169,220 | ) | (128,486 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
74,837 | 86,923 | 24,969 | 25,874 | 1,143,753 | 781,618 | 2,475,931 | 2,336,984 | ||||||||||||||||||||||||
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|
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|
|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
AVMCCI | ROCMC | ROCSC | RVARS | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (2,438 | ) | 5,546 | (33,142 | ) | 56,402 | - | (2,663 | ) | - | - | ||||||||||||||||||||
Realized gain (loss) on investments |
146,761 | 24,906 | 2,086,954 | (454,604 | ) | - | 382,956 | 5,608 | (10 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(245,696 | ) | 170,187 | (3,532,392 | ) | 4,935,996 | - | (11,604 | ) | 31,979 | 654 | |||||||||||||||||||||
Reinvested capital gains |
163,516 | 83,817 | 898,163 | 639,204 | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
62,143 | 284,456 | (580,417 | ) | 5,176,998 | - | 368,689 | 37,587 | 644 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
30,890 | 57,790 | 449,355 | 1,385,704 | - | (54 | ) | 2,638 | 108 | |||||||||||||||||||||||
Transfers between funds |
(978,500 | ) | 58,964 | (13,109,103 | ) | (19,174,429 | ) | - | (2,703,962 | ) | 653,181 | 167,949 | ||||||||||||||||||||
Surrenders (note 6) |
(824 | ) | (9,470 | ) | (389,245 | ) | (1,519,716 | ) | - | (28,834 | ) | (30,916 | ) | - | ||||||||||||||||||
Death Benefits (note 4) |
- | - | (94,486 | ) | (53,533 | ) | - | (3,612 | ) | (21,296 | ) | - | ||||||||||||||||||||
Net policy repayments (loans) (note 5) |
(409 | ) | 1 | (14,376 | ) | (159 | ) | - | - | 1,094 | (365 | ) | ||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | (15 | ) | - | |||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(24,011 | ) | (19,439 | ) | (209,094 | ) | (380,336 | ) | - | (10,914 | ) | (18,621 | ) | (140 | ) | |||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(488 | ) | (184 | ) | (1,888 | ) | (2,508 | ) | - | - | (1,966 | ) | (45 | ) | ||||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
7 | 9 | 50 | (406 | ) | - | 14 | 9 | (5 | ) | ||||||||||||||||||||||
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Net equity transactions |
(973,335 | ) | 87,671 | (13,368,787 | ) | (19,745,383 | ) | - | (2,747,362 | ) | 584,108 | 167,502 | ||||||||||||||||||||
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Net change in contract owners equity |
(911,192 | ) | 372,127 | (13,949,204 | ) | (14,568,385 | ) | - | (2,378,673 | ) | 621,695 | 168,146 | ||||||||||||||||||||
Contract owners equity beginning of period |
1,353,655 | 981,528 | 25,228,360 | 39,796,745 | - | 2,378,673 | 168,146 | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 442,463 | 1,353,655 | 11,279,156 | 25,228,360 | - | - | 789,841 | 168,146 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
71,330 | 66,547 | 803,412 | 1,529,776 | - | 184,649 | 16,822 | - | ||||||||||||||||||||||||
Units purchased |
9,009 | 8,339 | 16,674 | 51,434 | - | - | 66,059 | 16,878 | ||||||||||||||||||||||||
Units redeemed |
(58,075 | ) | (3,576 | ) | (447,692 | ) | (789,261 | ) | - | (184,327 | ) | (7,380 | ) | (56 | ) | |||||||||||||||||
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Ending units |
22,264 | 71,330 | 372,394 | 803,412 | - | - | 75,501 | 16,822 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
TREI2 | TRHS2 | TRLT1 | TRMCG2 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 929,116 | 693,721 | (26,405 | ) | (18,586 | ) | 166,791 | 79,825 | (69,963 | ) | (61,346 | ) | |||||||||||||||||||
Realized gain (loss) on investments |
4,887,583 | 4,603,810 | 2,472,225 | 1,391,919 | (23,978 | ) | (27,862 | ) | 510,221 | (91,832 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,017,940 | ) | 10,566,494 | 1,860,254 | 4,201,937 | (84,132 | ) | 84 | (426,557 | ) | 6,022,061 | |||||||||||||||||||||
Reinvested capital gains |
- | - | 2,200,628 | 813,844 | - | - | 3,703,344 | 2,435,549 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
4,798,759 | 15,864,025 | 6,506,702 | 6,389,114 | 58,681 | 52,047 | 3,717,045 | 8,304,432 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,711,491 | 2,299,641 | 478,949 | 516,924 | 937,323 | 876,849 | 3,459 | 174,153 | ||||||||||||||||||||||||
Transfers between funds |
(681,461 | ) | 4,949,688 | 4,835,940 | 5,163,404 | 2,138,300 | 11,386,611 | 1,886,981 | (817,593 | ) | ||||||||||||||||||||||
Surrenders (note 6) |
(1,589,117 | ) | (3,701,593 | ) | (788,993 | ) | (1,140,030 | ) | (341,616 | ) | - | (527,845 | ) | (721,634 | ) | |||||||||||||||||
Death Benefits (note 4) |
(158,581 | ) | (145,356 | ) | (70,422 | ) | (28,005 | ) | (18,730 | ) | (1,357 | ) | (47,003 | ) | (42,490 | ) | ||||||||||||||||
Net policy repayments (loans) |
(617,772 | ) | (58,766 | ) | (194,972 | ) | (144,605 | ) | (254 | ) | (4,913 | ) | (784,182 | ) | - | |||||||||||||||||
Deductions for surrender charges |
- | - | (175 | ) | (3,455 | ) | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(926,505 | ) | (899,116 | ) | (548,869 | ) | (396,174 | ) | (245,700 | ) | (92,492 | ) | (262,964 | ) | (232,369 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(3,828 | ) | (3,637 | ) | (30,329 | ) | (20,503 | ) | (647 | ) | (70 | ) | - | - | ||||||||||||||||||
MSP contracts |
- | - | (1,170 | ) | (569 | ) | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (7,180 | ) | (4,161 | ) | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
(35 | ) | (39 | ) | (4 | ) | 73 | (817 | ) | (390 | ) | (10 | ) | (267 | ) | |||||||||||||||||
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Net equity transactions |
(2,265,808 | ) | 2,440,822 | 3,672,775 | 3,942,899 | 2,467,859 | 12,164,238 | 268,436 | (1,640,200 | ) | ||||||||||||||||||||||
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Net change in contract owners equity |
2,532,951 | 18,304,847 | 10,179,477 | 10,332,013 | 2,526,540 | 12,216,285 | 3,985,481 | 6,664,232 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
71,406,961 | 53,102,114 | 20,956,747 | 10,624,734 | 14,598,839 | 2,382,554 | 30,393,507 | 23,729,275 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 73,939,912 | 71,406,961 | 31,136,224 | 20,956,747 | 17,125,379 | 14,598,839 | 34,378,988 | 30,393,507 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,898,250 | 2,782,361 | 898,513 | 685,053 | 1,416,096 | 230,839 | 767,584 | 815,148 | ||||||||||||||||||||||||
Units purchased |
186,501 | 333,397 | 176,543 | 299,224 | 309,917 | 1,194,900 | 48,971 | 6,643 | ||||||||||||||||||||||||
Units redeemed |
(276,881 | ) | (215,987 | ) | (56,676 | ) | (79,930 | ) | (71,531 | ) | (9,585 | ) | (45,930 | ) | (59,511 | ) | ||||||||||||||||
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Ending units |
2,807,870 | 2,898,250 | 1,018,380 | 898,513 | 1,654,482 | 1,416,096 | 770,625 | 767,584 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
TRNAG1 | TRPSB1 | TRBCGP | VWEM | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (82,845 | ) | (77,882 | ) | 60,522 | 42,580 | (34,148 | ) | (4,445 | ) | 62,435 | 234,763 | |||||||||||||||||||
Realized gain (loss) on investments |
2,964,721 | 1,813,457 | 175,013 | 216,051 | 799,474 | 35,795 | 229,245 | 1,206,280 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(5,225,005 | ) | 4,278,696 | (325,000 | ) | 60,941 | 613,789 | 1,153,496 | (2,083,461 | ) | 147,621 | |||||||||||||||||||||
Reinvested capital gains |
6,100,244 | 6,309,586 | 280,636 | 228,295 | - | - | 1,689,114 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
3,757,115 | 12,323,857 | 191,171 | 547,867 | 1,379,115 | 1,184,846 | (102,667 | ) | 1,588,664 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
2,071,712 | 2,669,976 | 163,629 | 177,625 | 1,276,292 | 634,015 | 282,444 | 305,443 | ||||||||||||||||||||||||
Transfers between funds |
(2,645,102 | ) | (1,245,070 | ) | 593,004 | (779,772 | ) | 17,470,552 | 6,433,495 | 35,824 | (389,385 | ) | ||||||||||||||||||||
Surrenders (note 6) |
(1,225,580 | ) | (4,413,156 | ) | (604,561 | ) | (37,974 | ) | (481,979 | ) | (16,389 | ) | (525,276 | ) | (1,948,973 | ) | ||||||||||||||||
Death Benefits (note 4) |
(55,835 | ) | (124,790 | ) | - | - | (6,231 | ) | - | (70,577 | ) | (78,540 | ) | |||||||||||||||||||
Net policy repayments (loans) (note 5) |
(1,010,012 | ) | (182,201 | ) | (24,024 | ) | (18,304 | ) | (12,111 | ) | (7,709 | ) | 39,183 | (55,213 | ) | |||||||||||||||||
Deductions for surrender charges |
- | - | - | - | - | - | (100 | ) | (28 | ) | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges |
(634,292 | ) | (589,015 | ) | (45,069 | ) | (37,393 | ) | (215,513 | ) | (40,891 | ) | (367,220 | ) | (395,538 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(12,713 | ) | (9,402 | ) | (918 | ) | (850 | ) | (1,068 | ) | (15 | ) | (24,875 | ) | (26,942 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | (458 | ) | (436 | ) | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | (2,719 | ) | (2,961 | ) | ||||||||||||||||||||||
Adjustments to maintain reserves |
(53 | ) | (25 | ) | (7 | ) | 4 | (74 | ) | 9 | 295 | (278 | ) | |||||||||||||||||||
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Net equity transactions |
(3,511,875 | ) | (3,893,683 | ) | 82,054 | (696,664 | ) | 18,029,868 | 7,002,515 | (633,479 | ) | (2,592,851 | ) | |||||||||||||||||||
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Net change in contract owners equity |
245,240 | 8,430,174 | 273,225 | (148,797 | ) | 19,408,983 | 8,187,361 | (736,146 | ) | (1,004,187 | ) | |||||||||||||||||||||
Contract owners equity beginning of period |
42,869,299 | 34,439,125 | 3,840,044 | 3,988,841 | 8,267,392 | 80,031 | 14,745,182 | 15,749,369 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 43,114,539 | 42,869,299 | 4,113,269 | 3,840,044 | 27,676,375 | 8,267,392 | 14,009,036 | 14,745,182 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,851,100 | 2,050,836 | 250,814 | 306,888 | 578,648 | 7,887 | 354,185 | 421,121 | ||||||||||||||||||||||||
Units purchased |
182,934 | 175,102 | 51,461 | 23,461 | 1,339,071 | 575,917 | 18,314 | 13,831 | ||||||||||||||||||||||||
Units redeemed |
(328,178 | ) | (374,609 | ) | (46,321 | ) | (79,567 | ) | (141,038 | ) | (5,156 | ) | (36,174 | ) | (82,043 | ) | ||||||||||||||||
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Ending units |
1,705,856 | 1,851,100 | 255,954 | 250,814 | 1,776,681 | 578,648 | 336,325 | 354,185 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
VWHA | VVB | VVDV | VVI | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (16,603 | ) | 236,691 | 120,704 | 106,590 | 325,473 | 292,454 | 63,250 | 57,115 | ||||||||||||||||||||||
Realized gain (loss) on investments |
(2,957,193 | ) | (2,083,713 | ) | 130,841 | 91,903 | 597,417 | 472,487 | 169,458 | 191,009 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(4,524,491 | ) | 5,261,913 | 896 | 659,146 | (83,044 | ) | 3,069,193 | (539,502 | ) | 776,481 | |||||||||||||||||||||
Reinvested capital gains |
- | 839,369 | 312,639 | 102,897 | 631,646 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(7,498,287 | ) | 4,254,260 | 565,080 | 960,536 | 1,471,492 | 3,834,134 | (306,794 | ) | 1,024,605 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
3,646,479 | 4,209,550 | 397 | 86 | 1,756 | (5 | ) | (381 | ) | 420 | ||||||||||||||||||||||
Transfers between funds |
(6,057,078 | ) | (4,980,878 | ) | 675,779 | 863,355 | (994,737 | ) | (149,295 | ) | (612,747 | ) | 172,599 | |||||||||||||||||||
Surrenders (note 6) |
(1,131,020 | ) | (2,524,046 | ) | (188,551 | ) | (187,350 | ) | (486,700 | ) | (504,950 | ) | (147,685 | ) | (161,926 | ) | ||||||||||||||||
Death Benefits (note 4) |
(149,108 | ) | (131,168 | ) | (24,556 | ) | (15,094 | ) | (65,353 | ) | (43,478 | ) | (20,121 | ) | (13,944 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
152,039 | (118,715 | ) | - | - | - | - | - | - | |||||||||||||||||||||||
Deductions for surrender charges |
(39 | ) | (188 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(674,768 | ) | (721,276 | ) | (48,558 | ) | (41,068 | ) | (124,903 | ) | (113,854 | ) | (38,810 | ) | (36,482 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(29,565 | ) | (28,695 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
MSP contracts |
(444 | ) | (607 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
(1,768 | ) | (2,117 | ) | - | - | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
344 | (127 | ) | 19 | 12 | (7 | ) | 39 | (9 | ) | 5 | |||||||||||||||||||||
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Net equity transactions |
(4,244,928 | ) | (4,298,267 | ) | 414,530 | 619,941 | (1,669,944 | ) | (811,543 | ) | (819,753 | ) | (39,328 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(11,743,215 | ) | (44,007 | ) | 979,610 | 1,580,477 | (198,452 | ) | 3,022,591 | (1,126,547 | ) | 985,277 | ||||||||||||||||||||
Contract owners equity beginning of period |
42,783,280 | 42,827,287 | 6,138,829 | 4,558,352 | 16,598,693 | 13,576,102 | 5,423,630 | 4,438,353 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity end of period |
$ | 31,040,065 | 42,783,280 | 7,118,439 | 6,138,829 | 16,400,241 | 16,598,693 | 4,297,083 | 5,423,630 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
877,892 | 956,384 | 418,598 | 371,867 | 1,192,808 | 1,259,787 | 468,254 | 471,330 | ||||||||||||||||||||||||
Units purchased |
137,648 | 111,388 | 41,226 | 79,574 | - | - | - | 21,034 | ||||||||||||||||||||||||
Units redeemed |
(205,647 | ) | (196,746 | ) | (17,009 | ) | (17,680 | ) | (117,538 | ) | (66,527 | ) | (72,536 | ) | (20,208 | ) | ||||||||||||||||
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Ending units |
809,893 | 877,892 | 442,815 | 418,598 | 1,075,270 | 1,192,808 | 395,718 | 468,254 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
VVMCI | VVREI | VVSTC | VVSCG | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 118,125 | 90,115 | 234,095 | 32,621 | 63,367 | 84,371 | 3,784 | (3,417 | ) | ||||||||||||||||||||||
Realized gain (loss) on investments |
710,661 | 378,143 | 211,471 | 104,563 | (347 | ) | 9,592 | 54,739 | 8,811 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
642,374 | 2,698,889 | 1,338,599 | (182,073 | ) | (14,394 | ) | (93,450 | ) | (494,524 | ) | 635,604 | ||||||||||||||||||||
Reinvested capital gains |
600,860 | 358,399 | 341,411 | 47,008 | 22,419 | 35,901 | 565,603 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
2,072,020 | 3,525,546 | 2,125,576 | 2,119 | 71,045 | 36,414 | 129,602 | 640,998 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
1,800 | 441 | 534 | 97 | 29 | 41 | 265 | 280 | ||||||||||||||||||||||||
Transfers between funds |
(897,377 | ) | 3,576,158 | 936,674 | 5,265,653 | 479,275 | (1,102,440 | ) | (279,229 | ) | 3,913,504 | |||||||||||||||||||||
Surrenders (note 6) |
(477,909 | ) | (406,015 | ) | (268,187 | ) | (117,312 | ) | (145,687 | ) | (137,742 | ) | (120,107 | ) | (69,300 | ) | ||||||||||||||||
Death Benefits (note 4) |
(65,070 | ) | (31,483 | ) | (30,573 | ) | (5,562 | ) | (18,189 | ) | (14,631 | ) | (16,464 | ) | (4,690 | ) | ||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges |
(124,908 | ) | (87,287 | ) | (64,138 | ) | (21,764 | ) | (37,261 | ) | (34,326 | ) | (33,042 | ) | (10,772 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
22 | 15 | 27 | (4 | ) | (2 | ) | (1 | ) | 9 | (6 | ) | ||||||||||||||||||||
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Net equity transactions |
(1,563,442 | ) | 3,051,829 | 574,337 | 5,121,108 | 278,165 | (1,289,099 | ) | (448,568 | ) | 3,829,016 | |||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
508,578 | 6,577,375 | 2,699,913 | 5,123,227 | 349,210 | (1,252,685 | ) | (318,966 | ) | 4,470,014 | ||||||||||||||||||||||
Contract owners equity beginning of period |
15,943,070 | 9,365,695 | 6,973,233 | 1,850,006 | 4,708,426 | 5,961,111 | 4,470,014 | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 16,451,648 | 15,943,070 | 9,673,146 | 6,973,233 | 5,057,636 | 4,708,426 | 4,151,048 | 4,470,014 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,014,767 | 802,681 | 519,163 | 140,656 | 384,564 | 491,102 | 268,075 | - | ||||||||||||||||||||||||
Units purchased |
1 | 260,837 | 58,572 | 393,895 | 38,410 | - | 1 | 273,750 | ||||||||||||||||||||||||
Units redeemed |
(91,038 | ) | (36,764 | ) | (23,076 | ) | (10,633 | ) | (16,185 | ) | (98,003 | ) | (26,773 | ) | (5,674 | ) | ||||||||||||||||
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Ending units |
923,730 | 1,014,767 | 554,659 | 519,163 | 406,789 | 384,564 | 241,303 | 268,075 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
VVHGB | WRASP | WRGP | WRHIP | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 193,224 | 183,066 | 71,472 | 191,524 | 10,939 | 5,460 | 2,221,042 | 878,244 | |||||||||||||||||||||||
Realized gain (loss) on investments |
14,190 | (9,148 | ) | 374,807 | 942,727 | 126,041 | 121,094 | 691,815 | 232,555 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
293,818 | (466,959 | ) | (3,378,624 | ) | 2,417,541 | (443,216 | ) | 552,549 | (3,088,798 | ) | 686,039 | ||||||||||||||||||||
Reinvested capital gains |
31,188 | 88,628 | 2,065,017 | - | 748,240 | 183,681 | 346,314 | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
532,420 | (204,413 | ) | (867,328 | ) | 3,551,792 | 442,004 | 862,784 | 170,373 | 1,796,838 | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
179 | 157 | 1,600,017 | 1,515,676 | 90,296 | 152,221 | 898,624 | 1,001,207 | ||||||||||||||||||||||||
Transfers between funds |
7,642,486 | 1,392,415 | (395,349 | ) | (1,210,490 | ) | (471,816 | ) | 437,243 | 21,651,550 | 7,522,418 | |||||||||||||||||||||
Surrenders (note 6) |
(261,986 | ) | (250,154 | ) | (1,105,842 | ) | (1,575,098 | ) | (25,989 | ) | (49,866 | ) | (862,661 | ) | (364,292 | ) | ||||||||||||||||
Death Benefits (note 4) |
(33,185 | ) | (21,596 | ) | (46,322 | ) | (18,762 | ) | (2,993 | ) | - | (66,622 | ) | (67,406 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | 216,682 | (114,235 | ) | - | - | (122,993 | ) | (29,033 | ) | |||||||||||||||||||||
Deductions for surrender charges |
- | - | (4,391 | ) | (4,750 | ) | - | - | (12 | ) | - | |||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(77,076 | ) | (60,099 | ) | (521,311 | ) | (501,770 | ) | (57,052 | ) | (39,794 | ) | (457,269 | ) | (227,621 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
- | - | (40,359 | ) | (38,746 | ) | (1,330 | ) | (705 | ) | (8,169 | ) | (6,134 | ) | ||||||||||||||||||
MSP contracts |
- | - | (709 | ) | (791 | ) | - | - | - | - | ||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (4,946 | ) | (3,943 | ) | - | - | - | - | ||||||||||||||||||||||
Adjustments to maintain reserves |
17 | (7 | ) | (11 | ) | 944 | (19 | ) | (77 | ) | (15 | ) | 41 | |||||||||||||||||||
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Net equity transactions |
7,270,435 | 1,060,716 | (302,541 | ) | (1,951,965 | ) | (468,903 | ) | 499,022 | 21,032,433 | 7,829,180 | |||||||||||||||||||||
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Net change in contract owners equity |
7,802,855 | 856,303 | (1,169,869 | ) | 1,599,827 | (26,899 | ) | 1,361,806 | 21,202,806 | 9,626,018 | ||||||||||||||||||||||
Contract owners equity beginning of period |
8,165,242 | 7,308,939 | 16,046,069 | 14,446,242 | 3,445,317 | 2,083,511 | 22,619,242 | 12,993,224 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 15,968,097 | 8,165,242 | 14,876,200 | 16,046,069 | 3,418,418 | 3,445,317 | 43,822,048 | 22,619,242 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
754,096 | 658,202 | 1,017,541 | 1,146,952 | 157,563 | 129,681 | 1,882,396 | 1,192,471 | ||||||||||||||||||||||||
Units purchased |
674,510 | 138,888 | 97,285 | 107,295 | 31,120 | 52,705 | 2,710,642 | 754,429 | ||||||||||||||||||||||||
Units redeemed |
(33,061 | ) | (30,701 | ) | (118,064 | ) | (236,754 | ) | (49,115 | ) | (24,936 | ) | (1,011,592 | ) | (63,905 | ) | ||||||||||||||||
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Ending units |
1,395,545 | 754,096 | 996,762 | 1,017,541 | 139,568 | 157,563 | 3,581,446 | 1,882,396 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
WRMCG | WRRESP | WRSTP | SVDF | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (4,692 | ) | (1,452 | ) | 51,076 | 33,707 | (25,619 | ) | (14,987 | ) | (18,913 | ) | (14,511 | ) | |||||||||||||||||
Realized gain (loss) on investments |
138,981 | 42,020 | 89,230 | 368,285 | 2,006,514 | 459,432 | 996,564 | 925,691 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(49,812 | ) | 181,201 | 1,080,802 | (478,952 | ) | (2,971,725 | ) | 3,351,161 | (2,879,436 | ) | 3,076,194 | ||||||||||||||||||||
Reinvested capital gains |
143,929 | 28,607 | 317,731 | - | 1,491,163 | 487,507 | 1,921,854 | 332,489 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
228,406 | 250,376 | 1,538,839 | (76,960 | ) | 500,333 | 4,283,113 | 20,069 | 4,319,863 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
426,684 | 331,271 | 694,870 | 417,887 | 1,984,836 | 1,674,102 | 541,249 | 385,840 | ||||||||||||||||||||||||
Transfers between funds |
2,459,802 | 795,674 | 1,764,313 | 1,456,523 | (866,920 | ) | 6,080,245 | 224,573 | 1,193,820 | |||||||||||||||||||||||
Surrenders (note 6) |
(20,111 | ) | (15,826 | ) | (41,449 | ) | (133,917 | ) | (419,799 | ) | (166,140 | ) | (264,087 | ) | (382,028 | ) | ||||||||||||||||
Death Benefits (note 4) |
(38,952 | ) | - | (2,543 | ) | (3 | ) | (40,098 | ) | (27,305 | ) | (2,250 | ) | (375 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
(1,133 | ) | (753 | ) | 9,734 | (30,170 | ) | (87,947 | ) | (135,780 | ) | (31,844 | ) | (16,042 | ) | |||||||||||||||||
Deductions for surrender charges |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(66,502 | ) | (34,942 | ) | (134,884 | ) | (62,767 | ) | (353,394 | ) | (196,712 | ) | (149,289 | ) | (125,583 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(2,318 | ) | (1,347 | ) | (6,614 | ) | (3,698 | ) | (12,526 | ) | (6,140 | ) | (10,152 | ) | (8,680 | ) | ||||||||||||||||
MSP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
SL contracts or LSFP contracts |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
Adjustments to maintain reserves |
1 | (12 | ) | (9 | ) | (14 | ) | 12 | 324 | (39 | ) | 22 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
2,757,471 | 1,074,065 | 2,283,418 | 1,643,841 | 204,164 | 7,222,594 | 308,161 | 1,046,974 | ||||||||||||||||||||||||
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Net change in contract owners equity |
2,985,877 | 1,324,441 | 3,822,257 | 1,566,881 | 704,497 | 11,505,707 | 328,230 | 5,366,837 | ||||||||||||||||||||||||
Contract owners equity beginning of period |
1,876,397 | 551,956 | 4,179,060 | 2,612,179 | 16,320,668 | 4,814,961 | 14,938,000 | 9,571,163 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 4,862,274 | 1,876,397 | 8,001,317 | 4,179,060 | 17,025,165 | 16,320,668 | 15,266,230 | 14,938,000 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
142,575 | 54,403 | 263,504 | 166,858 | 800,093 | 368,902 | 850,849 | 782,606 | ||||||||||||||||||||||||
Units purchased |
210,294 | 99,323 | 139,371 | 126,747 | 150,797 | 495,282 | 136,424 | 119,557 | ||||||||||||||||||||||||
Units redeemed |
(9,371 | ) | (11,147 | ) | (15,275 | ) | (30,077 | ) | (139,233 | ) | (36,699 | ) | (119,996 | ) | (51,674 | ) | ||||||||||||||||
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Ending units |
343,498 | 142,575 | 387,600 | 263,504 | 811,657 | 800,093 | 867,277 | 850,849 | ||||||||||||||||||||||||
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|
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
SVOF | WFVSCG | OVGS3 | FTVDM3 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (16,728 | ) | (1,812 | ) | (9,341 | ) | (11,343 | ) | - | 242,423 | - | 87,415 | |||||||||||||||||||
Realized gain (loss) on investments |
1,171,379 | 582,387 | 331,507 | 921,804 | 6,146,666 | 96,421 | (178,966 | ) | 84,348 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(168,935 | ) | 1,857,479 | (1,095,771 | ) | 1,762,039 | (6,116,637 | ) | 3,957,292 | 71,446 | (271,902 | ) | ||||||||||||||||||||
Reinvested capital gains |
- | - | 582,586 | 301,406 | - | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
985,716 | 2,438,054 | (191,019 | ) | 2,973,906 | 30,029 | 4,296,136 | (107,520 | ) | (100,139 | ) | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
242 | 53,001 | 405,791 | 453,669 | 508,370 | 1,610,215 | 66,349 | 192,570 | ||||||||||||||||||||||||
Transfers between funds |
(1,272,711 | ) | 43,808 | (576,049 | ) | (3,450,914 | ) | (19,643,906 | ) | 1,051,472 | (3,664,829 | ) | 89,239 | |||||||||||||||||||
Surrenders (note 6) |
(224,383 | ) | (665,930 | ) | (278,690 | ) | (402,545 | ) | (539,824 | ) | (1,583,344 | ) | (63,055 | ) | (326,656 | ) | ||||||||||||||||
Death Benefits (note 4) |
(102,944 | ) | - | (23,380 | ) | (26,056 | ) | (25,068 | ) | (69,798 | ) | (6,826 | ) | (26,098 | ) | |||||||||||||||||
Net policy repayments (loans) (note 5) |
- | - | (21,407 | ) | (103,059 | ) | (85,734 | ) | (62,134 | ) | (26,931 | ) | (26,764 | ) | ||||||||||||||||||
Deductions for surrender charges (note 2d) |
- | - | (151 | ) | (1,088 | ) | (891 | ) | (10,461 | ) | (98 | ) | (5,868 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(111,179 | ) | (108,867 | ) | (138,708 | ) | (155,552 | ) | (241,619 | ) | (701,101 | ) | (44,799 | ) | (155,674 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
- | - | (6,628 | ) | (6,642 | ) | (22,388 | ) | (63,101 | ) | (3,728 | ) | (12,898 | ) | ||||||||||||||||||
MSP contracts |
- | - | (27 | ) | (7 | ) | (1,933 | ) | (4,056 | ) | (263 | ) | (794 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
- | - | (1,110 | ) | (1,077 | ) | (2,849 | ) | (8,171 | ) | (665 | ) | (2,307 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
(12 | ) | (132 | ) | (27 | ) | 718 | 497 | (112 | ) | (1 | ) | 8 | |||||||||||||||||||
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Net equity transactions |
(1,710,987 | ) | (678,120 | ) | (640,386 | ) | (3,692,553 | ) | (20,055,345 | ) | 159,409 | (3,744,846 | ) | (275,242 | ) | |||||||||||||||||
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Net change in contract owners equity |
(725,271 | ) | 1,759,934 | (831,405 | ) | (718,647 | ) | (20,025,316 | ) | 4,455,545 | (3,852,366 | ) | (375,381 | ) | ||||||||||||||||||
Contract owners equity beginning of period |
9,949,773 | 8,189,839 | 7,209,362 | 7,928,009 | 20,025,316 | 15,569,771 | 3,852,366 | 4,227,747 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 9,224,502 | 9,949,773 | 6,377,957 | 7,209,362 | - | 20,025,316 | - | 3,852,366 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
451,113 | 483,311 | 431,204 | 712,536 | 967,069 | 957,445 | 201,488 | 218,972 | ||||||||||||||||||||||||
Units purchased |
398 | 41,125 | 50,266 | 42,128 | 22,603 | 138,713 | 4,474 | 22,767 | ||||||||||||||||||||||||
Units redeemed |
(71,817 | ) | (73,427 | ) | (91,685 | ) | (323,501 | ) | (989,672 | ) | (129,089 | ) | (205,962 | ) | (40,251 | ) | ||||||||||||||||
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Ending units |
379,694 | 451,113 | 389,785 | 431,204 | - | 967,069 | - | 201,488 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
TIF3 | FTVGI3 | CVSSE | HIBF3 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | 159,967 | - | 568,963 | 205 | (305 | ) | 243,100 | 695,602 | ||||||||||||||||||||||
Realized gain (loss) on investments |
1,775,372 | 128,513 | (33,906 | ) | 190,435 | 13,924 | 32,402 | 128,895 | 113,059 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,643,703 | ) | 1,089,829 | 134,201 | (733,691 | ) | (41,847 | ) | 20,898 | (21,354 | ) | (90,685 | ) | |||||||||||||||||||
Reinvested capital gains |
- | - | - | 148,341 | 25,252 | 16,693 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
131,669 | 1,378,309 | 100,295 | 174,048 | (2,466 | ) | 69,688 | 350,641 | 717,976 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
86,421 | 267,462 | 75,421 | 385,136 | - | 253 | 149,058 | 541,309 | ||||||||||||||||||||||||
Transfers between funds |
(7,161,819 | ) | 1,035,308 | (10,989,799 | ) | (227,194 | ) | (284,825 | ) | (19,199 | ) | (10,809,650 | ) | (379,053 | ) | |||||||||||||||||
Surrenders (note 6) |
(188,743 | ) | (513,558 | ) | (184,499 | ) | (979,530 | ) | - | (7,091 | ) | (296,168 | ) | (568,838 | ) | |||||||||||||||||
Death Benefits (note 4) |
(6,601 | ) | (180,898 | ) | (2,971 | ) | (80,973 | ) | - | - | (23,683 | ) | (69,642 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
11,449 | 16,238 | 22,772 | (122,118 | ) | - | - | 68,193 | (17,264 | ) | ||||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(516 | ) | (6,734 | ) | (167 | ) | (3,264 | ) | - | - | (429 | ) | (7,206 | ) | ||||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(68,450 | ) | (200,254 | ) | (104,739 | ) | (363,501 | ) | (780 | ) | (2,124 | ) | (141,235 | ) | (438,307 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(6,777 | ) | (18,674 | ) | (8,801 | ) | (29,470 | ) | - | - | (10,657 | ) | (32,936 | ) | ||||||||||||||||||
MSP contracts |
(92 | ) | (266 | ) | (272 | ) | (959 | ) | - | - | (267 | ) | (468 | ) | ||||||||||||||||||
SL contracts or LSFP contracts |
(1,151 | ) | (3,404 | ) | (1,286 | ) | (4,579 | ) | - | - | (2,107 | ) | (6,451 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
(95 | ) | 8 | 5 | (6 | ) | 7 | (34 | ) | 12 | (17 | ) | ||||||||||||||||||||
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Net equity transactions |
(7,336,374 | ) | 395,228 | (11,194,336 | ) | (1,426,458 | ) | (285,598 | ) | (28,195 | ) | (11,066,933 | ) | (978,873 | ) | |||||||||||||||||
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Net change in contract owners equity |
(7,204,705 | ) | 1,773,537 | (11,094,041 | ) | (1,252,410 | ) | (288,064 | ) | 41,493 | (10,716,292 | ) | (260,897 | ) | ||||||||||||||||||
Contract owners equity beginning of period |
7,204,705 | 5,431,168 | 11,094,041 | 12,346,451 | 288,064 | 246,571 | 10,716,292 | 10,977,189 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | - | 7,204,705 | - | 11,094,041 | - | 288,064 | - | 10,716,292 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
395,070 | 366,253 | 535,931 | 606,188 | 11,383 | 12,766 | 588,722 | 644,890 | ||||||||||||||||||||||||
Units purchased |
5,003 | 82,357 | 3,886 | 19,511 | 1,258 | 1,001 | 10,343 | 69,446 | ||||||||||||||||||||||||
Units redeemed |
(400,073 | ) | (53,540 | ) | (539,817 | ) | (89,768 | ) | (12,641 | ) | (2,383 | ) | (599,065 | ) | (125,614 | ) | ||||||||||||||||
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Ending units |
- | 395,070 | - | 535,931 | - | 11,383 | - | 588,722 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GEM3 | GIG3 | GVIX6 | NVMIG3 | |||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 38,274 | 103,268 | 86,236 | 19,593 | 26,047 | 42,414 | 194,083 | 203,534 | |||||||||||||||||||||||
Realized gain (loss) on investments |
143,427 | 644,378 | 820,978 | 247,716 | 258,867 | 18,449 | 5,975,888 | 547,969 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(469,408 | ) | (753,364 | ) | (829,620 | ) | 353,652 | (261,062 | ) | 208,279 | (5,991,197 | ) | 2,417,328 | |||||||||||||||||||
Reinvested capital gains |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(287,707 | ) | (5,718 | ) | 77,594 | 620,961 | 23,852 | 269,142 | 178,774 | 3,168,831 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
176,345 | 610,799 | 43,348 | 178,901 | 24,173 | 119,659 | 250,196 | 822,569 | ||||||||||||||||||||||||
Transfers between funds |
(8,504,376 | ) | (255,428 | ) | (4,227,349 | ) | 356,784 | (1,757,795 | ) | 400,365 | (17,120,971 | ) | (154,969 | ) | ||||||||||||||||||
Surrenders (note 6) |
(109,584 | ) | (584,469 | ) | (130,298 | ) | (300,797 | ) | (1,973 | ) | (33,035 | ) | (363,368 | ) | (1,374,241 | ) | ||||||||||||||||
Death Benefits (note 4) |
(15,161 | ) | (8,931 | ) | (9,858 | ) | (32,989 | ) | - | - | (32,750 | ) | (51,952 | ) | ||||||||||||||||||
Net policy repayments (loans) (note 5) |
29,637 | 32,935 | 4,368 | 2,021 | 468 | 8,956 | (62,219 | ) | 47,494 | |||||||||||||||||||||||
Deductions for surrender charges (note 2d) |
(330 | ) | (10,334 | ) | (13 | ) | (2,108 | ) | - | (4,140 | ) | (142 | ) | (4,248 | ) | |||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(102,112 | ) | (370,262 | ) | (36,950 | ) | (120,620 | ) | (9,335 | ) | (28,227 | ) | (239,683 | ) | (758,820 | ) | ||||||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||||||||||
FPVUL & VEL contracts |
(7,945 | ) | (27,706 | ) | (3,638 | ) | (11,529 | ) | (818 | ) | (1,922 | ) | (18,976 | ) | (58,948 | ) | ||||||||||||||||
MSP contracts |
(2,047 | ) | (6,527 | ) | (260 | ) | (863 | ) | (16 | ) | (57 | ) | (793 | ) | (2,322 | ) | ||||||||||||||||
SL contracts or LSFP contracts |
(1,214 | ) | (4,480 | ) | (535 | ) | (1,315 | ) | (633 | ) | (1,741 | ) | (1,762 | ) | (5,207 | ) | ||||||||||||||||
Adjustments to maintain reserves |
278 | (2 | ) | 1 | 1 | 4 | 1 | 3 | (8 | ) | ||||||||||||||||||||||
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Net equity transactions |
(8,536,509 | ) | (624,405 | ) | (4,361,184 | ) | 67,486 | (1,745,925 | ) | 459,859 | (17,590,465 | ) | (1,540,652 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(8,824,216 | ) | (630,123 | ) | (4,283,590 | ) | 688,447 | (1,722,073 | ) | 729,001 | (17,411,691 | ) | 1,628,179 | |||||||||||||||||||
Contract owners equity beginning of period |
8,824,216 | 9,454,339 | 4,283,590 | 3,595,143 | 1,722,073 | 993,072 | 17,411,691 | 15,783,512 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | - | 8,824,216 | - | 4,283,590 | - | 1,722,073 | - | 17,411,691 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
452,954 | 488,948 | 430,241 | 425,415 | 145,428 | 101,703 | 1,431,105 | 1,574,138 | ||||||||||||||||||||||||
Units purchased |
12,594 | 34,579 | 4,878 | 60,158 | 2,150 | 49,650 | 23,713 | 93,743 | ||||||||||||||||||||||||
Units redeemed |
(465,548 | ) | (70,572 | ) | (435,119 | ) | (55,332 | ) | (147,578 | ) | (5,925 | ) | (1,454,818 | ) | (236,775 | ) | ||||||||||||||||
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Ending units |
- | 452,954 | - | 430,241 | - | 145,428 | - | 1,431,105 | ||||||||||||||||||||||||
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(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
Years Ended December 31, 2014 and 2013
GVDIV3 | ACVVS1 | OGGO | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||
Investment activity: |
||||||||||||||||||||||||
Net investment income (loss) |
$ | 128,266 | 118,054 | (939 | ) | (2,680 | ) | (7,440 | ) | (5,261 | ) | |||||||||||||
Realized gain (loss) on investments |
417,375 | (419,461 | ) | 208,032 | 382,804 | 245,602 | 481,260 | |||||||||||||||||
Change in unrealized gain (loss) on investments |
(581,553 | ) | 1,316,337 | (421,378 | ) | 17,162 | (1,093,736 | ) | 601,579 | |||||||||||||||
Reinvested capital gains |
- | - | 177,380 | - | 1,263,769 | 206,668 | ||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(35,912 | ) | 1,014,930 | (36,905 | ) | 397,286 | 408,195 | 1,284,246 | ||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||
Purchase payments received from contract owners (notes 2a and 6) |
67,956 | 309,924 | 36,911 | 71,452 | 11,898 | 34,007 | ||||||||||||||||||
Transfers between funds |
(5,511,020 | ) | (101,592 | ) | (1,654,580 | ) | 3,904 | (4,395,552 | ) | (88,234 | ) | |||||||||||||
Surrenders (note 6) |
(31,743 | ) | (291,643 | ) | - | (530,253 | ) | (20,928 | ) | (273,605 | ) | |||||||||||||
Death Benefits (note 4) |
(4,168 | ) | (18,008 | ) | (19,785 | ) | (8,757 | ) | - | (22,439 | ) | |||||||||||||
Net policy repayments (loans) (note 5) |
(8,032 | ) | (9,875 | ) | - | - | 3,188 | - | ||||||||||||||||
Deductions for surrender charges (note 2d) |
(188 | ) | (4,489 | ) | - | - | - | - | ||||||||||||||||
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) |
(58,810 | ) | (187,173 | ) | (9,425 | ) | (34,405 | ) | (42,923 | ) | (43,534 | ) | ||||||||||||
Asset charges (note 3): |
||||||||||||||||||||||||
FPVUL & VEL contracts |
(5,759 | ) | (17,743 | ) | (80 | ) | (152 | ) | - | - | ||||||||||||||
MSP contracts |
(61 | ) | (196 | ) | 251 | (73 | ) | - | - | |||||||||||||||
SL contracts or LSFP contracts |
(889 | ) | (2,680 | ) | - | - | - | - | ||||||||||||||||
Adjustments to maintain reserves |
(116 | ) | 17 | 3 | (17 | ) | (42 | ) | (109 | ) | ||||||||||||||
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Net equity transactions |
(5,552,830 | ) | (323,458 | ) | (1,646,705 | ) | (498,301 | ) | (4,444,359 | ) | (393,914 | ) | ||||||||||||
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Net change in contract owners equity |
(5,588,742 | ) | 691,472 | (1,683,610 | ) | (101,015 | ) | (4,036,164 | ) | 890,332 | ||||||||||||||
Contract owners equity beginning of period |
5,588,742 | 4,897,270 | 1,683,610 | 1,784,625 | 4,036,164 | 3,145,832 | ||||||||||||||||||
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Contract owners equity end of period |
$ | - | 5,588,742 | - | 1,683,610 | - | 4,036,164 | |||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||
Beginning units |
437,468 | 465,460 | 90,579 | 124,668 | 125,039 | 139,414 | ||||||||||||||||||
Units purchased |
6,916 | 34,634 | 2,351 | 8,852 | 371 | 7,972 | ||||||||||||||||||
Units redeemed |
(444,384 | ) | (62,626 | ) | (92,930 | ) | (42,942 | ) | (125,410 | ) | (22,346 | ) | ||||||||||||
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Ending units |
- | 437,468 | - | 90,579 | - | 125,039 | ||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
(1) Background and Summary of Significant Accounting Policies
(a) Organization and Nature of Operations
The Nationwide VLI Separate Account-4 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on December 3, 1997. The Account is registered as a unit investment trust under the Investment Company Act of 1940. The Account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services Investment Companies. The Company offers Flexible Premium, Modified Single Premium, Variable Executive Life and Survivorship Life Variable Life Insurance Policies through the Account. The primary distribution for contracts is through wholesalers and brokers.
(b) The Contracts
Only contracts with a front-end sales charge and certain other fees are offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges.
With certain exceptions, contract owners may invest in the following:
ALLIANCE BERNSTEIN FUNDS
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
AMERICAN CENTURY INVESTORS, INC.
VP Inflation Protection Fund - Class I (ACVIP1)
AMERICAN FUNDS GROUP (THE)
Asset Allocation Fund - Class 2 (AMVAA2)
Bond Fund - Class 2 (AMVBD2)
Global Small Capitalization Fund - Class 2 (AMVGS2)
Growth Fund - Class 2 (AMVGR2)
International Fund - Class 2 (AMVI2)
BLACKROCK FUNDS
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)
Large Cap Core V.I. Fund - Class II (MLVLC2)
Global Allocation V.I. Fund - Class II (MLVGA2)
CALVERT GROUP
VP S&P 500 Index Portfolio (CVSPIP)
DAVIS FUNDS
Value Portfolio (DAVVL)
DELAWARE GROUP
VIP Emerging Markets Series: Service Class (DWVEMS)
VIP Small Cap Value Series: Service Class (DWVSVS)
DREYFUS CORPORATION
Stock Index Fund, Inc. - Initial Shares (DSIF)
Stock Index Fund, Inc. - Service Shares (DSIFS)*
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)
EATON VANCE FUNDS
Floating-Rate Income Fund (ETVFR)
FIDELITY INVESTMENTS
VIP Freedom Fund 2015 Portfolio: Service Class 2 (FF15S2)*
FRANKLIN TEMPLETON DISTRIBUTORS, INC.
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)
GOLDMAN SACHS ASSET MANAGEMENT GROUP
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
INVESCO INVESTMENTS
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
J.P. MORGAN INVESTMENT MANAGEMENT INC.
Mid Cap Value Portfolio: Class 1 (JPMMV1)
Insurance Trust Core Bond Portfolio: Class 1 (OGBDP)*
Insurance Trust Intrepid Mid Cap Portfolio: Class 1 (OGDMP)*
Insurance Trust U.S. Equity Portfolio: Class 1 (OGDEP)*
JANUS FUNDS
Balanced Portfolio: Service Shares (JABS)
Flexible Bond Portfolio: Service Shares (JAFBS)
Forty Portfolio: Service Shares (JACAS)
Global Technology Portfolio: Service Shares (JAGTS)
Overseas Portfolio: Service Shares (JAIGS)
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS)
LAZARD FUNDS
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)
LORD ABBETT FUNDS
Series Fund - Bond Debenture Portfolio - Class VC (LOVBD)*
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV)
M FUNDS
M Large Cap Value Fund (MFBOV)*
M Capital Appreciation Fund (MFFCA)*
M International Equity Fund (MFBIE)*
M Large Cap Growth Fund (MFTCG)*
MASSACHUSETTS FINANCIAL SERVICES CO.
VIT II - MFS Blended Research Core Equity Portfolio- Service Class (MVBRES)*
Investors Growth Stock Series - Initial Class (MIGIC)
MFS Bond Portfolio - Service Class (MVBDS)*
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
New Discovery Series - Service Class (MNDSC)
Research International Series - Service Class (MVRISC)
Value Series - Initial Class (MVFIC)
Value Series - Service Class (MVFSC)
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)
MORGAN STANLEY
Core Plus Fixed Income Portfolio - Class I (MSVFI)
Emerging Markets Debt Portfolio - Class I (MSEM)
Emerging Markets Debt Portfolio - Class II (MSEMB)*
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Global Real Estate Portfolio - Class II (VKVGR2)
Mid Cap Growth Portfolio - Class II (MSVMG2)*
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG)
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)
U.S. Real Estate Portfolio - Class I (MSVRE)
NATIONWIDE FUNDS GROUP
NVIT International Index Fund Class I (NVIX)
NVIT Bond Index Fund Class I (NVBX)
NVIT Cardinal Managed Growth Class I (NCPG)
NVIT Cardinal Managed Growth and Income Class I (NCPGI)*
NVIT Investor Destinations Managed Growth Class I (IDPG)*
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
American Funds NVIT Bond Fund - Class II (GVABD2)
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
American Funds NVIT Growth Fund - Class II (GVAGR2)
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
Federated NVIT High Income Bond Fund - Class I (HIBF)
NVIT Emerging Markets Fund - Class I (GEM)
NVIT International Equity Fund - Class I (GIG)
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6)
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
Neuberger Berman NVIT Socially Responsible Fund - Class II (NVNSR2)*
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
NVIT Core Bond Fund - Class I (NVCBD1)
NVIT Core Plus Bond Fund - Class I (NVLCP1)
NVIT Nationwide Fund - Class I (TRF)
NVIT Government Bond Fund - Class I (GBF)
American Century NVIT Growth Fund - Class I (CAF)
NVIT International Index Fund - Class II (GVIX2)
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
NVIT Mid Cap Index Fund - Class I (MCIF)
NVIT Mid Cap Index Fund - Class II (MCIF2)*
NVIT Money Market Fund - Class I (SAM)
NVIT Money Market Fund - Class V (SAM5)
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
NVIT Multi-Manager Small Company Fund - Class I (SCF)
NVIT Multi-Sector Bond Fund - Class I (MSBF)
NVIT Short Term Bond Fund - Class I (NVSTB1)
NVIT Short Term Bond Fund - Class II (NVSTB2)
NVIT Large Cap Growth Fund - Class I (NVOLG1)
Templeton NVIT International Value Fund - Class III (NVTIV3)
Invesco NVIT Comstock Value Fund - Class I (EIF)
NVIT Real Estate Fund - Class I (NVRE1)
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
NVIT Small Cap Index Fund Class II (NVSIX2)
NVIT S&P 500 Index Fund Class I (GVEX1)
NORTHERN LIGHTS
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)*
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)*
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3)
PORTFOLIOS OF THE ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC
VPS Growth and Income Portfolio - Class A (ALVGIA)
VPS Growth and Income Portfolio - Class B (ALVGIB)*
VPS International Value Portfolio - Class A (ALVIVA)
VPS International Value Portfolio - Class B (ALVIVB)*
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
VPS Small/Mid Cap Value Portfolio - Class B (ALVSVB)*
PORTFOLIOS OF THE AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.
VP Capital Appreciation Fund - Class I (ACVCA)
VP Income & Growth Fund - Class I (ACVIG)
VP Inflation Protection Fund - Class II (ACVIP2)
VP International Fund - Class I (ACVI)
VP International Fund - Class III (ACVI3)*
(Continued)
NATIONWIDE VLI SEPERATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS
December 31, 2014
VP Mid Cap Value Fund - Class I (ACVMV1)
VP Mid Cap Value Fund - Class II (ACVMV2)*
VP Ultra(R) Fund - Class I (ACVU1)
VP Value Fund - Class I (ACVV)
VP Value Fund - Class II (ACVV2)*
PORTFOLIOS OF THE DREYFUS INVESTMENT PORTFOLIOS
MidCap Stock Portfolio - Initial Shares (DVMCS)
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
PORTFOLIOS OF THE DREYFUS VARIABLE INVESTMENT FUND
Appreciation Portfolio - Initial Shares (DCAP)
Appreciation Portfolio - Service Shares (DCAPS)*
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
International Value Portfolio - Initial Shares (DVIV)
PORTFOLIOS OF THE DWS INVESTMENTS VARIABLE INSURANCE TRUST
Small Cap Index VIP - Class A (BISCI)*
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB)
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)
PORTFOLIOS OF THE FEDERATED INSURANCE SERIES
Managed Tail Risk Fund II: Primary Shares (FVCA2P)
Quality Bond Fund II - Primary Shares (FQB)
Quality Bond Fund II - Service Shares (FQBS)*
PORTFOLIOS OF THE FIDELITY(R) VARIABLE INSURANCE PRODUCTS
VIP Contrafund(R) Portfolio - Service Class (FCS)
VIP Energy Portfolio - Service Class 2 (FNRS2)
VIP Equity-Income Portfolio - Service Class (FEIS)
VIP Equity-Income Portfolio - Service Class 2 (FEI2)*
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
VIP Freedom Fund 2020 Portfolio - Service Class 2 (FF20S2)*
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
VIP Freedom Fund 2030 Portfolio - Service Class 2 (FF30S2)*
VIP Freedom Income Fund Portfolio - Service Class (FFINS)
VIP Growth & Income Portfolio - Service Class (FGIS)*
VIP Growth Opportunities Portfolio - Service Class (FGOS)
VIP Growth Portfolio - Service Class (FGS)
VIP Growth Portfolio - Service Class 2 (FG2)*
VIP High Income Portfolio - Service Class (FHIS)
VIP High Income Portfolio - Service Class R (FHISR)
VIP Index 500 Portfolio - Initial Class (FIP)
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
VIP Investment Grade Bond Portfolio - Service Class 2 (FIGBP2)*
VIP Mid Cap Portfolio - Service Class (FMCS)
VIP Mid Cap Portfolio - Service Class 2 (FMC2)*
VIP Overseas Portfolio - Service Class (FOS)
VIP Overseas Portfolio - Service Class R (FOSR)
VIP Value Strategies Portfolio - Service Class (FVSS)
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S)
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class 2 (FF25S2)*
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class 2 (FF40S2)*
PORTFOLIOS OF THE FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRU
Franklin Income Securities Fund - Class 2 (FTVIS2)
Rising Dividends Securities Fund - Class 1 (FTVRDI)
Small Cap Value Securities Fund - Class 1 (FTVSVI)
Small Cap Value Securities Fund - Class 2 (FTVSV2)
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
Templeton Foreign Securities Fund - Class 1 (TIF)
Templeton Foreign Securities Fund - Class 2 (TIF2)
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
PORTFOLIOS OF THE GOLDMAN SACHS VARIABLE INSURANCE TRUST
Mid Cap Value- Institutional Shares (GVMCE)
Goldman Sachs Structured Small Cap Equity Fund (GVCSE)
VIT Growth Opportunities Fund - Service Shares (GVGOPS)
PORTFOLIOS OF THE LEGG MASON PARTNERS VARIABLE EQUITY TRUST
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)
PORTFOLIOS OF THE LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
Baron Growth Opportunities Fund Service Class (BNCAI)
PORTFOLIOS OF THE NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST
Short Duration Bond Portfolio - I Class Shares (AMTB)
Guardian Portfolio - I Class Shares (AMGP)
International Portfolio - S Class Shares (AMINS)*
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)*
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
Socially Responsive Portfolio - I Class Shares (AMSRS)
PORTFOLIOS OF THE OPPENHEIMER VARIABLE ACCOUNT FUNDS
Oppenheimer Capital Appreciation Fund/VA - Service Class (OVCAFS)*
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
Global Securities Fund/VA - Non-Service Shares (OVGS)
Global Securities Fund/VA - Service Class (OVGSS)*
International Growth Fund/VA - Non-Service Shares (OVIG)
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
PORTFOLIOS OF THE PIMCO VARIABLE INSURANCE TRUST
All Asset Portfolio - Administrative Class (PMVAAA)
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)
Low Duration Portfolio - Administrative Class (PMVLDA)
Real Return Portfolio - Administrative Class (PMVRRA)
Total Return Portfolio - Administrative Class (PMVTRA)
PORTFOLIOS OF THE PIONEER VARIABLE CONTRACTS TRUST
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1)
Pioneer High Yield VCT Portfolio - Class II Shares (PIHYB2)*
PORTFOLIOS OF THE PUTNAM VARIABLE TRUST
VT Growth & Income Fund: Class IB (PVGIB)
VT International Equity Fund: Class IB (PVTIGB)
VT Small Cap Value Fund: Class IB (PVTSCB)
VT Voyager Fund: Class IB (PVTVB)
PORTFOLIOS OF THE INVESCO INVESTMENTS TRUST
VI American Franchise Fund - Series II Shares (ACEG2)*
VI Growth and Income Fund - Series I Shares (ACGI)
VI Growth and Income Fund - Series II Shares (VKLGI2)*
VI American Value Fund: Series I Shares (MSVMV)*
VI American Franchise Fund - Series I Shares (ACEG)
VI Value Opportunities Fund - Series I Shares (AVBVI)
VI High Yield Fund - Series I Shares (AVHY1)
VI International Growth Fund - Series I Shares (AVIE)
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
VI Small Cap Equity Fund - Series I Shares (AVSCE)*
ROYCE CAPITAL FUNDS
Micro-Cap Portfolio - Investment Class (ROCMC)
Small-Cap Portfolio - Investment Class (ROCSC)*
GUGGENHEIM INVESTMENTS
Variable Fund - Multi-Hedge Strategies (RVARS)
T. ROWE PRICE
Blue Chip Growth Portfolio - II (TRBCG2)*
Equity Income Portfolio - II (TREI2)
Health Sciences Portfolio - II (TRHS2)
Limited-Term Bond Portfolio (TRLT1)
Limited-Term Bond Portfolio - II (TRLT2)*
Mid-Cap Growth Portfolio - II (TRMCG2)
New America Growth Portfolio (TRNAG1)
Personal Strategy Balanced Portfolio (TRPSB1)
Blue Chip Growth Portfolio (TRBCGP)
VAN ECK ASSOCIATES CORPORATION
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
VANGUARD GROUP OF INVESTMENT COMPANIES
Variable Insurance Fund - Balanced Portfolio (VVB)
Variable Insurance Fund - Diversified Value Portfolio (VVDV)
Variable Insurance Fund - International Portfolio (VVI)
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)
Variable Insurance Fund - REIT Index Portfolio (VVREI)
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)
WADDELL & REED, INC.
Variable Insurance Portfolios - Asset Strategy (WRASP)
Variable Insurance Portfolios - Growth (WRGP)
Variable Insurance Portfolios - High Income (WRHIP)
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
Variable Insurance Portfolios - Real Estate Securities (WRRESP)
Variable Insurance Portfolios - Science and Technology (WRSTP)
WELLS FARGO FUNDS
Advantage VT Discovery Fund (SVDF)
Advantage VT Opportunity Fund - Class 2 (SVOF)
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
*At December 31, 2014, contract owners were not invested in this fund.
The contract owners equity is affected by the investment results of each fund, equity transactions by contract owners and certain policy and asset charges (see notes 2 and 3). The accompanying financial statements include only contract owners purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.
A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.
Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.
A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners Equity if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
The Company allocates purchase payments to sub-accounts and/or the fixed account as instructed by the contract owner. Shares of the sub-accounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.
(c) Security Valuation, Transactions and Related Investment Income
Investments in underlying mutual funds are valued at the closing net asset value per share at December 31, 2014 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.
(d) Federal Income Taxes
Operations of the Account form a part of, and are taxed with, operations of the Company, which is taxed as a life insurance company under the provisions of the Internal Revenue Code. The Company does not provide for income taxes within the Account. Taxes are generally the responsibility of the contract owner upon termination or withdrawal.
(e) Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
(f) Recently Issued Accounting Standards
On January 1, 2014, the Company adopted Accounting Standards Update (ASU) 2013-08, which amends existing guidance in ASC 946, Financial Services Investment Companies. The amended guidance modifies the definition of investment companies and requires new disclosures around the status of investment companies. In addition, the guidance requires an investment company to measure its noncontrolling interests in another investment company at fair value rather than the equity method of accounting. The adoption of this guidance resulted in increased disclosures only and had no impact on the Accounts financial statements.
(g) Subsequent Events
The Company evaluated subsequent events through the date the financial statements were issued with the SEC.
(2) Policy Charges
(a) Deductions from Premium
For individual flexible premium and survivorship contracts, the Company deducts a minimum of 4.0% to a maximum of 8.5% of all premiums received to cover premium tax and sales expense. The Company may, at its sole discretion, reduce the sales loading portion of the premium load.
There are no deductions from premium on modified single premium contracts.
For the Corporate Series, the Company deducts a front-end sales load from each premium payment received to compensate us for our sales expenses and premium taxes, and certain actual expenses, including acquisition costs. The Company may reduce this charge where the size or nature of the group results in savings in sales, underwriting, or administrative costs. Variations due to differences in costs are determined in a manner not unfairly discriminatory to policy owners.
For Future Corporate Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 12% from each premium payment received.
For Future Executive Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 12% (5.5% starting in the sixth policy year) from each premium payment received.
For Next Generation Corporate Owned Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 10% from each premium payment received.
For the periods ended December 31, 2014 and 2013, total front-end sales charge deductions were $12,292,497 and $ 13,396,183, respectively and were recognized as a reduction of purchase payments on the Statement of Changes in Contract Owners Equity.
(b) Cost of Insurance
A cost of insurance charge is assessed monthly against each contract by liquidating units. The amount of the charge varies widely and is based upon age, sex, rate class and net amount at risk (death benefit less total contract value).
(c) Administrative Charges
For The Best of America® Next Generation, ChoiceLifeSM and all flexible premium survivorship contracts, the Company currently deducts a minimum monthly administration charge (for ProtectionSM flexible premium contracts this is known as the monthly expense charge) of $5 per policy month to a maximum of $10 per policy month to recover policy maintenance, accounting, record keeping and other administrative expenses. These charges are assessed monthly against each contract by liquidating units. For The Best of America® Last Survivorship II and The Best of America® ChoiceLife Survivorship Life contracts, there is an additional administrative (per specified amount) charge assessed to reimburse us for sales, underwriting, distribution and issuance costs. This charge is deducted from the policys Cash Value. During the first ten years from the Policy Date, the current monthly charge is $0.04 per $1,000 of Specified Amount, subject to a minimum charge of $20 and a maximum charge of $80 per month. These rates represent the maximum guaranteed charge for all years. After the tenth year from the Policy Date, the current monthly charge is $0.02 per $1,000 of Specified Amount with a $10 minimum and $40 maximum charge.
For The Best of America® ChoiceLifeSM Survivorship II, Next GenerationSM Survivorship Life, The Best of America® Protection Survivorship Life and The Best of America® ChoiceLifeSM Protection contracts, the Company deducts a per $1,000 of specified amount charge for the first 3 policy years. This charge varies with the age of the insured and will not exceed $0.40 per $1,000 of Specified Amount. These charges are assessed monthly against each contract by liquidating units.
For modified single preimum contracts, for all states other than New York, the Company currently deducts a minimum monthly administration charge of $10 per policy per month. The actual charge is determined by multiplying 0.30% on an annualized basis by the policys cash value. This charge may be reduced to 0.15% on an annualized basis for policy years 11 and later. In New York, this charge is assessed in all policy years, with a maximum charge of $7.50 per month. These charges are assessed monthly against each contract by liquidating units.
For ProtectionSM flexible premium contracts, the Company deducts a policy expense per $1,000 of specified amount charge for the first two policy years. This charge varies with the age of the insured and will not exceed $0.30 per $1,000 of specified amount. For last survivor contracts, the Company deducts a per $1,000 of specified amount charge for the first 3 policy years. This charge varies with the age of the insured and will not exceed $0.40 per $1,000 of specified amount. These charges are assessed monthly against each contract by liquidating units.
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
For the Corporate Series, the Company deducts a monthly administrative expense charge to recover policy maintenance, accounting, record keeping and other administrative expenses. These charges are assessed against each contract by liquidating units. Currently, this monthly charge $5 per policy in all policy years (guaranteed not to exceed $10 per policy). We also deduct a per $1,000 of specified amount charge to compensate us for sales, underwriting, distribution and issuance of the policy. This charge is assessed monthly against each contract by liquidating units. This charge varies depending on the total specified amount. For Future Corporate Flexible Premium Variable Universal Life, the Company deducts a per $1,000 of specified amount that will not exceed $0.40 per $1,000 of specified amount, unless the policy is issued in the state of New York with an application signed on or after January 2, 2010, where the maximum guaranteed charge is $0.085 of specified amount. For Next Generation Corporate Owned Flexible Premium Variable Universal Life and Future Executive Corporate Flexible Premium Variable Universal Life the Company deducts a per $1,000 of specified amount charge that will not exceed $0.40 per $1,000 of specified amount.
(d) Surrender Charges
Policy surrenders result in a redemption of the contract value from the Account and payment of the surrender proceeds to the contract owner or designee. The surrender proceeds consist of the contract value, less any outstanding policy loans, and less a surrender charge, if applicable. The amount of the charge is based upon a specified percentage of the initial surrender charge which varies by issue age, sex and rate class. For individual flexible premium, flexible premium survivorship and modified single premium and corporate contracts (such as Variable Executive Life), the charge is 100% of the initial surrender charge in the first year, and declines a specified amount in subsequent years to 0% of the initial surrender charge in the ninth year or later. The Company may waive the surrender charge for certain contracts in which the sales expenses normally associated with the distribution of a contract are not incurred. The charges are assessed against each contract by liquidating units.
For the Corporate Series, contracts do not currently assess surrender charges.
(3) Asset Charges
The Company deducts a charge related to the assumption of mortality and expense risk.
(a) Modified Single Premium Contracts (MSP)
For modified single premium contracts, the Company deducts a charge equal to an annualized rate of 0.70% of the cash surrender value of the sub-accounts. In policy years 1- 10, the Company also deducts a charge equal to the annualized rate of 0.50% of the cash surrender value of the sub-accounts to remiburse us for taxes imposed by federal, state and local governments. These charges are assessed monthly against each contract by liquidating units.
(b) Flexible Premium and Variable Executive Life Contracts (FPVUL and VEL)
For Best of America® The Next Generation and ChoiceLifeSM contracts, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account, $0.25 per $1,000 on $25,001 up to $250,000 of cash surrender value attributable to the variable account and $0.08 per $1,000 over $250,000 of cash surrender value attributable to the variable account. Beginning in policy year sixteen, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account, and $0.08 per $1,000 over $25,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units. For Choice Life ProtectionSM contracts and Best of America® ProtectionSM contracts, the Company deducts $0.66 per $1,000 of cash surrender value attributable to the variable account during the first through fifteenth years from the Policy Date. Thereafter, this charge is $0.25 per $1,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.
(c) Survivorship Life Contracts (SL)
For The Best of America® Last Survivorship II and The Best of America® ChoiceLife Survivorship contracts, during the first ten policy years, the Company deducts a charge of $0.46 per $1,000 on the cash surrender value attributable to the variable account. After ten years from the Policy Date, the Company deducts $0.46 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account; $0.29 per $1,000 on $25,001 up to $99,999 of cash surrender value attributable to the variable account; and $0.17 per $1,000 on $100,000 or more of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.
For The Best of America® ChoiceLifeSM Survivorship II and Next GenerationSM Survivorship Life contracts, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account; $0.25 per $1,000 on $25,001 up to $250,000 of cash surrender value attributable to the variable account; and $0.08 per $1,000 over $250,000 of cash surrender value attributable to the variable account. After fifteen years from the Policy Date, the Company deducts $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account and $0.08 per $1,000 over $25,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.
For The Best of America® ProtectionSM Survivorship and ChoiceLife ProtectionSM Survivorship Life contracts, during the first fifteen policy years, the Company deducts a charge of $0.66 per $1,000 of cash surrender value attributable to the variable account. After fifteen years from the Policy Date, the Company deducts $0.25 per $1,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.
(d) Corporate Contracts (LSFP)
For Future Corporate Flexible Premium variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net assets of the Account for policies issued on or after January 1, 2009. This charge is guaranteed not to exceed an annualized rate of 0.75% of the daily net assets of the Account for policies issued prior to January 1, 2009. Currently, this rate is 0.25% during the first through fourth policy years, 0.20% during the fifth through fifteenth policy years, and 0.10% thereafter. This charge is assessed monthly against each contract by liquidating units.
For Future Executive Corporate Flexible Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net assets of the Account. Currently, this rate is 0.25% during the first through fourth policy years, 0.20% during the fifth through fifteenth policy years, and 0.10% thereafter. This charge is assessed monthly against each contract by liquidating units.
For Next Generation Corporate Owned Flexible Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 1.25% of the daily net assets of the Account. Currently, this rate will not exceed 0.60%. This charge is assessed monthly against each contract by liquidating units.
The Company may reduce or eliminate certain charges where the size or nature of the group results in savings in sales, underwriting, administrative or other costs to the Company. These charges may be reduced in certain group sponsored arrangements or special exchange programs made available by the Company.
(4) Death Benefits
Death benefit proceeds result in a redemption of the contract value from the Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium contracts, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the contract value on the date of death, the excess is paid by the Companys general account.
(5) Policy Loans (Net of Repayments)
Contract provisions allow contract owners to borrow 90% of a policys variable cash surrender value plus 100% of a policys fixed cash surrender value less applicable value of surrender charge. Interest is charged on the outstanding loan and is due and payable in advance on the policy anniversary. At the time the loan is granted, the amount of the loan is transferred from the Account to the Companys general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Interest credited is paid by the Companys general account to the Account. Loan repayments result in a transfer of collateral including interest credited back to the Account.
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
(6) Related Party Transactions
The Company performs various services on behalf of the mutual fund companies in which the Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.
Contract owners may, with certain restrictions, transfer their assets between the Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. These transfers are the result of the contract owner executing fund exchanges. Fund exchanges from the Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Change in Contract Owners Equity. Policy loan transactions (note 5), executed at the direction of the contract owner, also result in transfers between the Account and the fixed account of the Company, but are included in Net Policy (Loans) Repayments. The fixed account assets are not reflected in the accompanying financial statements. For the periods ended December 31, 2014 and 2013, total transfers into the Account from the fixed account were $50,889,251 and $42,629,669, respectively, and total transfers from the Account to the fixed account were $72,081,458 and $80,557,562, respectively.
(7) Fair Value Measurement
FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.
In accordance with FASB ASC 820, the Account categorized its financial instruments into a three level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.
The Account categorizes financial assets recorded at fair value as follows:
Level 1 Unadjusted quoted prices accessible in active markets and mutual funds where the value per share (unit) is determined and published and is the basis for current transactions for identical assets or liabilities at the measurement date.
Level 2 Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.
Level 3 Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect managements best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.
The Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2014.
The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2014:
Level 1 | Level 2 | Level 3 | Total | |||||||||
Separate Account Investments |
$ | 4,739,479,698 | $ - | $ - | $ | 4,739,479,698 |
The cost of purchases and proceeds from sales of investments for the year ended December 31, 2014 are as follows:
Purchases of Investments |
Sales of Investments | |||||||
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA) |
$ | 25,877 | $ | 162,980 | ||||
VP Inflation Protection Fund - Class I (ACVIP1) |
540,772 | 88,144 | ||||||
Asset Allocation Fund - Class 2 (AMVAA2) |
1,136,935 | 1,909,010 | ||||||
Bond Fund - Class 2 (AMVBD2) |
72,042,358 | 142,496 | ||||||
Global Small Capitalization Fund - Class 2 (AMVGS2) |
983,722 | 957,915 | ||||||
Growth Fund - Class 2 (AMVGR2) |
4,072,449 | 3,530,004 | ||||||
International Fund - Class 2 (AMVI2) |
2,222,357 | 853,331 | ||||||
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI) |
508,924 | 368 | ||||||
Large Cap Core V.I. Fund - Class II (MLVLC2) |
849,894 | 664,673 | ||||||
Global Allocation V.I. Fund - Class II (MLVGA2) |
2,591,406 | 1,112,667 | ||||||
VP S&P 500 Index Portfolio (CVSPIP) |
633,490 | 158,104 | ||||||
Value Portfolio (DAVVL) |
1,156,524 | 499,527 | ||||||
VIP Emerging Markets Series: Service Class (DWVEMS) |
930,057 | 98,844 | ||||||
VIP Small Cap Value Series: Service Class (DWVSVS) |
7,692,174 | 3,388,896 | ||||||
Stock Index Fund, Inc. - Initial Shares (DSIF) |
74,625,751 | 42,977,192 | ||||||
Socially Responsible Growth Fund Inc - Initial Shares (DSRG) |
1,336,865 | 1,058,925 | ||||||
Floating-Rate Income Fund (ETVFR) |
47,920,307 | 4,874,656 | ||||||
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1) |
14,256,810 | 1,858,105 | ||||||
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS) |
29,492 | 34,474 | ||||||
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1) |
1,209,994 | 929,909 | ||||||
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1) |
409,421 | 1,269 | ||||||
Mid Cap Growth Portfolio- Class 1 (obsolete) (OGGO) |
1,949,519 | 5,140,473 | ||||||
Mid Cap Value Portfolio: Class 1 (JPMMV1) |
4,822,875 | 1,413,044 | ||||||
Balanced Portfolio: Service Shares (JABS) |
6,401,460 | 2,675,424 | ||||||
Flexible Bond Portfolio: Service Shares (JAFBS) |
5,535,321 | 1,095,057 | ||||||
Forty Portfolio: Service Shares (JACAS) |
18,058,388 | 9,936,816 | ||||||
Global Technology Portfolio: Service Shares (JAGTS) |
2,647,753 | 2,239,571 | ||||||
Overseas Portfolio: Service Shares (JAIGS) |
5,974,134 | 8,319,294 | ||||||
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS) |
1,308,416 | 1,196,097 | ||||||
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS) |
9,770,236 | 4,419,813 | ||||||
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV) |
224,551 | 718,774 | ||||||
Investors Growth Stock Series - Initial Class (MIGIC) |
362,975 | 812,405 | ||||||
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC) |
293,699 | 377,450 | ||||||
New Discovery Series - Service Class (MNDSC) |
863,494 | 1,537,481 | ||||||
Research International Series - Service Class (MVRISC) |
432,937 | 1,826,238 | ||||||
Value Series - Initial Class (MVFIC) |
1,191,708 | 2,340,223 | ||||||
Value Series - Service Class (MVFSC) |
6,864,759 | 9,998,023 | ||||||
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC) |
13,638,047 | 9,485,516 | ||||||
Core Plus Fixed Income Portfolio - Class I (MSVFI) |
402,690 | 529,051 | ||||||
Emerging Markets Debt Portfolio - Class I (MSEM) |
3,916,304 | 2,547,917 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Global Real Estate Portfolio - Class II (VKVGR2) |
$ | 2,448,755 | $ | 1,045,498 | ||||
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG) |
4,732,466 | 3,347,321 | ||||||
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG) |
447,814 | 721,266 | ||||||
U.S. Real Estate Portfolio - Class I (MSVRE) |
3,362,314 | 4,436,453 | ||||||
NVIT International Index Fund Class I (NVIX) |
13,709,382 | 1,085,653 | ||||||
NVIT Bond Index Fund Class I (NVBX) |
58,713,953 | 129,716 | ||||||
NVIT Cardinal Managed Growth Class I (NCPG) |
45,427 | 815 | ||||||
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI) |
15 | 9 | ||||||
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1) |
6,146,719 | 4,686,523 | ||||||
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2) |
1,688,998 | 1,554,782 | ||||||
American Funds NVIT Bond Fund - Class II (GVABD2) |
220,154 | 255,366 | ||||||
American Funds NVIT Global Growth Fund - Class II (GVAGG2) |
1,349,357 | 1,643,343 | ||||||
American Funds NVIT Growth Fund - Class II (GVAGR2) |
652,313 | 1,821,967 | ||||||
American Funds NVIT Growth-Income Fund - Class II (GVAGI2) |
218,276 | 332,322 | ||||||
Federated NVIT High Income Bond Fund - Class I (HIBF) |
17,917,062 | 13,177,586 | ||||||
NVIT Emerging Markets Fund - Class I (GEM) |
10,621,904 | 5,028,469 | ||||||
NVIT International Equity Fund - Class I (GIG) |
10,445,757 | 7,035,539 | ||||||
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6) |
10,101 | 21,200 | ||||||
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1) |
3,088,066 | 1,777,244 | ||||||
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1) |
501,487 | 1,155,404 | ||||||
NVIT Cardinal Aggressive Fund - Class I (NVCRA1) |
1,768,428 | 1,040,072 | ||||||
NVIT Cardinal Balanced Fund - Class I (NVCRB1) |
11,487,617 | 3,511,233 | ||||||
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1) |
2,388,894 | 2,036,302 | ||||||
NVIT Cardinal Conservative Fund - Class I (NVCCN1) |
3,500,517 | 2,448,500 | ||||||
NVIT Cardinal Moderate Fund - Class I (NVCMD1) |
1,825,075 | 620,119 | ||||||
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1) |
1,544,523 | 1,248,913 | ||||||
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1) |
1,763,296 | 1,016,181 | ||||||
NVIT Core Bond Fund - Class I (NVCBD1) |
476,513 | 358,126 | ||||||
NVIT Core Plus Bond Fund - Class I (NVLCP1) |
2,575,541 | 1,133,533 | ||||||
NVIT Nationwide Fund - Class I (TRF) |
9,178,339 | 3,742,803 | ||||||
NVIT Government Bond Fund - Class I (GBF) |
9,736,910 | 36,068,907 | ||||||
American Century NVIT Growth Fund - Class I (CAF) |
378,269 | 1,704,377 | ||||||
NVIT International Index Fund - Class II (GVIX2) |
4,652,560 | 11,243,598 | ||||||
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA) |
2,737,867 | 6,824,335 | ||||||
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2) |
567,521 | 386,415 | ||||||
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2) |
445,619 | 87,251 | ||||||
NVIT Investor Destinations Conservative Fund - Class II (GVIDC) |
3,015,033 | 2,748,528 | ||||||
NVIT Investor Destinations Moderate Fund - Class II (GVIDM) |
3,324,483 | 8,430,814 | ||||||
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA) |
11,887,662 | 7,614,628 | ||||||
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC) |
1,934,178 | 2,168,644 | ||||||
NVIT Mid Cap Index Fund - Class I (MCIF) |
12,835,983 | 10,192,020 | ||||||
NVIT Money Market Fund - Class I (SAM) |
17,947,299 | 26,490,789 | ||||||
NVIT Money Market Fund - Class V (SAM5) |
126,835,198 | 179,723,448 | ||||||
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1) |
18,343,611 | 883,769 | ||||||
NVIT Multi-Manager International Value Fund - Class I (GVDIVI) |
5,720,920 | 423,026 | ||||||
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1) |
1,450,976 | 1,654,138 | ||||||
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1) |
1,650,791 | 1,204,209 | ||||||
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1) |
5,223,058 | 4,346,767 | ||||||
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1) |
876,542 | 58,488 | ||||||
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2) |
5,128,284 | 1,765,852 | ||||||
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF) |
3,314,959 | 1,947,673 | ||||||
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF) |
6,827,305 | 8,963,113 | ||||||
NVIT Multi-Manager Small Company Fund - Class I (SCF) |
11,705,322 | 13,515,038 | ||||||
NVIT Multi-Sector Bond Fund - Class I (MSBF) |
2,242,504 | 2,453,764 | ||||||
NVIT Short Term Bond Fund - Class I (NVSTB1) |
2,893,643 | 13,206,689 | ||||||
NVIT Short Term Bond Fund - Class II (NVSTB2) |
352,474 | 322,452 | ||||||
NVIT Large Cap Growth Fund - Class I (NVOLG1) |
15,820,631 | 14,585,214 | ||||||
Templeton NVIT International Value Fund - Class III (NVTIV3) |
161,249 | 144,607 | ||||||
Invesco NVIT Comstock Value Fund - Class I (EIF) |
1,238,305 | 1,491,028 | ||||||
NVIT Real Estate Fund - Class I (NVRE1) |
13,116,408 | 3,759,850 | ||||||
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP) |
33,625 | 9,031 | ||||||
Loring Ward NVIT Moderate Fund - Class P (NVLMP) |
2,245 | 33 | ||||||
NVIT Small Cap Index Fund Class II (NVSIX2) |
259,669 | 76,311 | ||||||
NVIT S&P 500 Index Fund Class I (GVEX1) |
1,463,481 | 431,309 | ||||||
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3) |
2,771 | 6,111 | ||||||
VPS Growth and Income Portfolio - Class A (ALVGIA) |
10,040,113 | 3,121,817 | ||||||
VPS International Value Portfolio - Class A (ALVIVA) |
1,180,934 | 3,411,208 | ||||||
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA) |
9,097,898 | 3,230,366 | ||||||
VP Capital Appreciation Fund - Class I (ACVCA) |
1,696,786 | 239,906 | ||||||
VP Income & Growth Fund - Class I (ACVIG) |
2,624,484 | 2,455,647 | ||||||
VP Inflation Protection Fund - Class II (ACVIP2) |
2,716,946 | 3,740,501 | ||||||
VP International Fund - Class I (ACVI) |
367,223 | 2,153,303 | ||||||
VP Mid Cap Value Fund - Class I (ACVMV1) |
4,186,449 | 2,936,669 | ||||||
VP Ultra(R) Fund - Class I (ACVU1) |
265,268 | 209,862 | ||||||
VP Value Fund - Class I (ACVV) |
10,855,006 | 7,720,044 | ||||||
MidCap Stock Portfolio - Initial Shares (DVMCS) |
1,734,706 | 236,326 | ||||||
Small Cap Stock Index Portfolio - Service Shares (DVSCS) |
26,742,322 | 13,486,207 | ||||||
Appreciation Portfolio - Initial Shares (DCAP) |
3,350,447 | 12,090,954 | ||||||
Opportunistic Small Cap Portfolio: Initial Shares (DSC) |
144,061 | 462,052 | ||||||
International Value Portfolio - Initial Shares (DVIV) |
1,268,070 | 6,584,980 | ||||||
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB) |
316,954 | 1,376,831 | ||||||
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB) |
15,248 | 19,723 | ||||||
Managed Tail Risk Fund II: Primary Shares (FVCA2P) |
239,175 | 76,611 | ||||||
Quality Bond Fund II - Primary Shares (FQB) |
4,813,202 | 5,169,289 | ||||||
VIP Contrafund(R) Portfolio - Service Class (FCS) |
8,082,234 | 20,370,246 | ||||||
VIP Energy Portfolio - Service Class 2 (FNRS2) |
2,523,627 | 2,703,675 | ||||||
VIP Equity-Income Portfolio - Service Class (FEIS) |
6,109,103 | 15,282,869 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS
December 31, 2014
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S) |
$ | 147,678 | $ | 168,328 | ||||
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S) |
7,440,199 | 4,033,224 | ||||||
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S) |
2,834,405 | 1,011,458 | ||||||
VIP Freedom Income Fund Portfolio - Service Class (FFINS) |
125,434 | 829,088 | ||||||
VIP Growth Opportunities Portfolio - Service Class (FGOS) |
775,723 | 226,529 | ||||||
VIP Growth Portfolio - Service Class (FGS) |
7,652,859 | 7,402,352 | ||||||
VIP High Income Portfolio - Service Class (FHIS) |
1,653,437 | 2,098,525 | ||||||
VIP High Income Portfolio - Service Class R (FHISR) |
580,193 | 512,431 | ||||||
VIP Index 500 Portfolio - Initial Class (FIP) |
4,043,014 | 6,001,428 | ||||||
VIP Investment Grade Bond Portfolio - Service Class (FIGBS) |
120,031,720 | 4,437,572 | ||||||
VIP Mid Cap Portfolio - Service Class (FMCS) |
7,324,134 | 8,247,440 | ||||||
VIP Overseas Portfolio - Service Class (FOS) |
941,038 | 1,975,824 | ||||||
VIP Overseas Portfolio - Service Class R (FOSR) |
1,126,366 | 1,547,211 | ||||||
VIP Value Strategies Portfolio - Service Class (FVSS) |
786,058 | 685,477 | ||||||
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S) |
64,813 | 2,869 | ||||||
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S) |
5,714,543 | 4,083,123 | ||||||
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S) |
5,020,342 | 2,142,504 | ||||||
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S) |
2,280,530 | 1,617,390 | ||||||
Franklin Income Securities Fund - Class 2 (FTVIS2) |
3,236,042 | 2,936,541 | ||||||
Rising Dividends Securities Fund - Class 1 (FTVRDI) |
1,521,131 | 3,773,808 | ||||||
Small Cap Value Securities Fund - Class 1 (FTVSVI) |
1,369,081 | 1,287,579 | ||||||
Small Cap Value Securities Fund - Class 2 (FTVSV2) |
4,171,987 | 2,285,013 | ||||||
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2) |
304,901 | 107,361 | ||||||
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2) |
3,925,863 | 491,650 | ||||||
Templeton Foreign Securities Fund - Class 1 (TIF) |
35,765 | 161,504 | ||||||
Templeton Foreign Securities Fund - Class 2 (TIF2) |
15,422,574 | 3,072,120 | ||||||
Templeton Global Bond Securities Fund - Class 2 (FTVGI2) |
13,436,921 | 41,735,291 | ||||||
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2) |
303,354 | 231,281 | ||||||
Mid Cap Value- Institutional Shares (GVMCE) |
16,500,093 | 11,237,473 | ||||||
Goldman Sachs Structured Small Cap Equity Fund (GVCSE) |
54,985 | 11,026 | ||||||
VIT Growth Opportunities Fund - Service Shares (GVGOPS) |
1,398,093 | 601,609 | ||||||
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG) |
5,650,158 | 2,273,746 | ||||||
Baron Growth Opportunities Fund Service Class (BNCAI) |
1,804,461 | 2,528,399 | ||||||
Short Duration Bond Portfolio - I Class Shares (AMTB) |
862,415 | 631,068 | ||||||
Guardian Portfolio - I Class Shares (AMGP) |
393,479 | 419,120 | ||||||
Mid-Cap Growth Portfolio - I Class Shares (AMCG) |
1,491,065 | 677,767 | ||||||
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP) |
222,334 | 189,684 | ||||||
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI) |
574,782 | 1,023,483 | ||||||
Small-Cap Growth Portfolio - S Class Shares (AMFAS) |
596,122 | 1,857,327 | ||||||
Socially Responsive Portfolio - I Class Shares (AMSRS) |
68,333 | 791,052 | ||||||
Capital Appreciation Fund/VA - Non-Service Shares (OVGR) |
2,061,602 | 5,506,993 | ||||||
Global Securities Fund/VA - Non-Service Shares (OVGS) |
28,731,921 | 8,181,727 | ||||||
International Growth Fund/VA - Non-Service Shares (OVIG) |
2,929,898 | 120,974 | ||||||
Main Street Fund(R)/VA - Non-Service Shares (OVGI) |
1,476,696 | 3,130,902 | ||||||
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC) |
2,454,284 | 1,729,985 | ||||||
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG) |
572,711 | 3,397,705 | ||||||
Global Strategic Income Fund/VA: Non-service Shares (OVSB) |
9,637,026 | 901,219 | ||||||
All Asset Portfolio - Administrative Class (PMVAAA) |
7,652,612 | 5,356,132 | ||||||
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA) |
109,480 | 62,482 | ||||||
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA) |
532,260 | 2,185,720 | ||||||
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA) |
741,183 | 409,652 | ||||||
Low Duration Portfolio - Administrative Class (PMVLDA) |
20,664,464 | 19,024,200 | ||||||
Real Return Portfolio - Administrative Class (PMVRRA) |
16,295,700 | 18,833,311 | ||||||
Total Return Portfolio - Administrative Class (PMVTRA) |
33,724,701 | 295,425,549 | ||||||
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI) |
790,349 | 1,313,696 | ||||||
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1) |
1,645,580 | 2,056,403 | ||||||
VT Growth & Income Fund: Class IB (PVGIB) |
344,183 | 341,874 | ||||||
VT International Equity Fund: Class IB (PVTIGB) |
255,479 | 195,661 | ||||||
VT Small Cap Value Fund: Class IB (PVTSCB) |
817,739 | 36,183 | ||||||
VT Voyager Fund: Class IB (PVTVB) |
258,764 | 738,011 | ||||||
VI Growth and Income Fund - Series I Shares (ACGI) |
2,593,360 | 1,517,768 | ||||||
VI American Franchise Fund - Series I Shares (ACEG) |
121,444 | 285,614 | ||||||
VI Value Opportunities Fund - Series I Shares (AVBVI) |
107,173 | 121,466 | ||||||
VI High Yield Fund - Series I Shares (AVHY1) |
9,277,086 | 3,814,541 | ||||||
VI International Growth Fund - Series I Shares (AVIE) |
14,397,900 | 10,342,019 | ||||||
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI) |
409,596 | 1,221,860 | ||||||
Micro-Cap Portfolio - Investment Class (ROCMC) |
3,100,119 | 15,618,169 | ||||||
Variable Fund - Multi-Hedge Strategies (RVARS) |
903,075 | 318,976 | ||||||
Equity Income Portfolio - II (TREI2) |
12,181,452 | 13,526,708 | ||||||
Health Sciences Portfolio - II (TRHS2) |
11,386,916 | 5,539,909 | ||||||
Limited-Term Bond Portfolio (TRLT1) |
7,367,482 | 4,732,161 | ||||||
Mid-Cap Growth Portfolio - II (TRMCG2) |
10,140,150 | 6,252,174 | ||||||
New America Growth Portfolio (TRNAG1) |
16,319,237 | 13,819,156 | ||||||
Personal Strategy Balanced Portfolio (TRPSB1) |
3,686,439 | 3,263,219 | ||||||
Blue Chip Growth Portfolio (TRBCGP) |
21,917,684 | 3,921,961 | ||||||
VIP Trust Emerging Markets Fund - Initial Class (VWEM) |
3,067,406 | 1,966,118 | ||||||
VIP Trust Global Hard Assets Fund - Initial Class (VWHA) |
11,271,012 | 15,541,223 | ||||||
Variable Insurance Fund - Balanced Portfolio (VVB) |
1,608,367 | 760,505 | ||||||
Variable Insurance Fund - Diversified Value Portfolio (VVDV) |
1,585,273 | 2,298,085 | ||||||
Variable Insurance Fund - International Portfolio (VVI) |
208,916 | 965,407 | ||||||
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI) |
1,386,042 | 2,230,513 | ||||||
Variable Insurance Fund - REIT Index Portfolio (VVREI) |
2,782,526 | 1,632,707 | ||||||
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC) |
1,331,630 | 967,677 | ||||||
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG) |
958,035 | 837,226 | ||||||
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB) |
8,826,243 | 1,331,411 | ||||||
Variable Insurance Portfolios - Asset Strategy (WRASP) |
5,181,432 | 3,347,421 | ||||||
Variable Insurance Portfolios - Growth (WRGP) |
1,978,306 | 1,691,469 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS
December 31, 2014
Variable Insurance Portfolios - High Income (WRHIP) |
$ | 42,118,765 | $ | 18,518,943 | ||||
Variable Insurance Portfolios - Mid Cap Growth (WRMCG) |
3,753,823 | 857,116 | ||||||
Variable Insurance Portfolios - Real Estate Securities (WRRESP) |
4,945,945 | 2,294,768 | ||||||
Variable Insurance Portfolios - Science and Technology (WRSTP) |
9,112,441 | 7,442,739 | ||||||
Advantage VT Discovery Fund (SVDF) |
4,425,494 | 2,214,391 | ||||||
Advantage VT Opportunity Fund - Class 2 (SVOF) |
2,357,053 | 4,090,676 | ||||||
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG) |
1,516,964 | 1,584,057 | ||||||
Global Securities Fund/VA - Class 3 (obsolete) (OVGS3) |
362,428 | 20,418,238 | ||||||
Templeton Developing Markets Securities Fund - Class 3 (obsolete) (FTVDM3) |
218,481 | 3,963,322 | ||||||
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3) |
354,730 | 7,691,007 | ||||||
Templeton Global Bond Securities Fund - Class 3 (obsolete) (FTVGI3) |
196,641 | 11,390,980 | ||||||
Calvert VP SRI Equity Portfolio (obsolete) (CVSSE) |
62,600 | 323,407 | ||||||
Federated NVIT High Income Bond Fund - Class III (obsolete) (HIBF3) |
675,120 | 11,498,963 | ||||||
NVIT Emerging Markets Fund - Class III (obsolete) (GEM3) |
430,557 | 8,929,074 | ||||||
NVIT International Equity Fund - Class III (obsolete) (GIG3) |
145,521 | 4,420,472 | ||||||
NVIT International Index Fund - Class VI (obsolete) (GVIX6) |
788,811 | 2,508,694 | ||||||
NVIT Multi-Manager International Growth Fund - Class III (obsolete) (NVMIG3) |
249,228 | 17,645,615 | ||||||
NVIT Multi-Manager International Value Fund - Class III (obsolete) (GVDIV3) |
167,627 | 5,592,075 | ||||||
VP Vista(SM) Fund - Class I (obsolete) (ACVVS1) |
229,445 | 1,701,424 | ||||||
|
|
|||||||
Total |
$ | 1,484,950,551 | $ | 1,415,580,202 | ||||
|
|
(8) Financial Highlights
The following tabular presentation is a summary of units, unit fair values, contract owners equity outstanding and contract expense rates for variable life contracts as of December 31, 2014, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2014. Total return and investment income ratio for periods with no ending contract owners equity were considered to be irrelevant, and therefore are not presented.
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 3,808 | $ | 12.028742 | $ | 45,805 | 0.26% | 4.45% | ||||||||||||||||||||
2013 |
0.00% | 15,430 | 11.516261 | 177,696 | 0.77% | 12.31% | ||||||||||||||||||||||
2012 |
0.00% | 7 | 10.254428 | 72 | 0.15% | 2.54% | 5/1/2012 | |||||||||||||||||||||
VP Inflation Protection Fund - Class I (ACVIP1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 4,705 | 9.934368 | 46,741 | 1.51% | 3.58% | ||||||||||||||||||||||
2014 |
0.20% | 10,211 | 9.484521 | 96,846 | 1.51% | 3.37% | ||||||||||||||||||||||
2014 |
0.25% | 74,535 | 9.474252 | 706,163 | 1.51% | 3.32% | ||||||||||||||||||||||
2013 |
0.20% | 227 | 9.175171 | 2,083 | 1.16% | -8.40% | ||||||||||||||||||||||
2013 |
0.25% | 43,726 | 9.169830 | 400,960 | 1.16% | -8.44% | ||||||||||||||||||||||
Asset Allocation Fund - Class 2 (AMVAA2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 55,339 | 14.600092 | 807,954 | 1.29% | 5.40% | ||||||||||||||||||||||
2014 |
0.20% | 29,493 | 14.389619 | 424,393 | 1.29% | 5.19% | ||||||||||||||||||||||
2014 |
0.25% | 134,668 | 14.337468 | 1,930,798 | 1.29% | 5.13% | ||||||||||||||||||||||
2013 |
0.00% | 36,402 | 13.852640 | 504,264 | 1.50% | 23.69% | ||||||||||||||||||||||
2013 |
0.20% | 32,471 | 13.680273 | 444,212 | 1.50% | 23.44% | ||||||||||||||||||||||
2013 |
0.25% | 224,248 | 13.637510 | 3,058,184 | 1.50% | 23.38% | ||||||||||||||||||||||
2012 |
0.00% | 31,141 | 11.199540 | 348,765 | 2.21% | 16.19% | ||||||||||||||||||||||
2012 |
0.20% | 35,875 | 11.082315 | 397,578 | 2.21% | 15.96% | ||||||||||||||||||||||
2012 |
0.25% | 183,194 | 11.053188 | 2,024,878 | 2.21% | 15.90% | ||||||||||||||||||||||
2011 |
0.00% | 28,278 | 9.638937 | 272,570 | 1.73% | 1.30% | ||||||||||||||||||||||
2011 |
0.20% | 22,659 | 9.557165 | 216,556 | 1.73% | 1.09% | ||||||||||||||||||||||
2011 |
0.25% | 86,825 | 9.536838 | 828,036 | 1.73% | 1.04% | ||||||||||||||||||||||
2010 |
0.00% | 42,950 | 9.515611 | 408,695 | 2.01% | 12.51% | ||||||||||||||||||||||
2010 |
0.20% | 23,921 | 9.453733 | 226,143 | 2.01% | 12.28% | ||||||||||||||||||||||
2010 |
0.25% | 80,409 | 9.438323 | 758,926 | 2.01% | 12.22% | ||||||||||||||||||||||
Bond Fund - Class 2 (AMVBD2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 3,193 | 12.577937 | 40,161 | 6.95% | 5.28% | ||||||||||||||||||||||
2014 |
0.10% | 5,682,378 | 12.486989 | 70,955,792 | 6.95% | 5.17% | ||||||||||||||||||||||
2014 |
0.20% | 874 | 12.396639 | 10,835 | 6.95% | 5.07% | ||||||||||||||||||||||
2014 |
0.25% | 357 | 12.351744 | 4,410 | 6.95% | 5.02% | ||||||||||||||||||||||
2013 |
0.00% | 3,878 | 11.947372 | 46,332 | 1.11% | -2.16% | ||||||||||||||||||||||
2013 |
0.20% | 2,045 | 11.798735 | 24,128 | 1.11% | -2.35% | ||||||||||||||||||||||
2013 |
0.25% | 303 | 11.761875 | 3,564 | 1.11% | -2.40% | ||||||||||||||||||||||
2012 |
0.00% | 16,295 | 12.210902 | 198,977 | 1.94% | 5.37% | ||||||||||||||||||||||
2012 |
0.20% | 1,631 | 12.083145 | 19,708 | 1.94% | 5.16% | ||||||||||||||||||||||
2012 |
0.25% | 1,138 | 12.051410 | 13,715 | 1.94% | 5.11% | ||||||||||||||||||||||
2011 |
0.00% | 17,168 | 11.588210 | 198,946 | 2.23% | 6.10% | ||||||||||||||||||||||
2011 |
0.20% | 10,103 | 11.489974 | 116,083 | 2.23% | 5.89% | ||||||||||||||||||||||
2011 |
0.25% | 25,540 | 11.465538 | 292,830 | 2.23% | 5.84% | ||||||||||||||||||||||
2010 |
0.00% | 3,571 | 10.921671 | 39,001 | 3.24% | 6.44% | ||||||||||||||||||||||
2010 |
0.20% | 68,366 | 10.850693 | 741,818 | 3.24% | 6.23% | ||||||||||||||||||||||
2010 |
0.25% | 34,481 | 10.833025 | 373,534 | 3.24% | 6.18% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Global Small Capitalization Fund - Class 2 (AMVGS2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 12,416 | $ | 12.478765 | $ | 154,936 | 0.12% | 2.12% | ||||||||||||||||||||
2014 |
0.20% | 97,984 | 12.306283 | 1,205,819 | 0.12% | 1.92% | ||||||||||||||||||||||
2014 |
0.25% | 93,809 | 12.263569 | 1,150,433 | 0.12% | 1.87% | ||||||||||||||||||||||
2013 |
0.00% | 7,266 | 12.219338 | 88,786 | 0.98% | 28.28% | ||||||||||||||||||||||
2013 |
0.20% | 108,515 | 12.074571 | 1,310,272 | 0.98% | 28.02% | ||||||||||||||||||||||
2013 |
0.25% | 86,391 | 12.038671 | 1,040,033 | 0.98% | 27.96% | ||||||||||||||||||||||
2012 |
0.00% | 18,949 | 9.525679 | 180,502 | 1.28% | 18.18% | ||||||||||||||||||||||
2012 |
0.20% | 87,959 | 9.431647 | 829,598 | 1.28% | 17.94% | ||||||||||||||||||||||
2012 |
0.25% | 69,398 | 9.408304 | 652,917 | 1.28% | 17.88% | ||||||||||||||||||||||
2011 |
0.00% | 24,198 | 8.060463 | 195,047 | 1.26% | -19.14% | ||||||||||||||||||||||
2011 |
0.20% | 109,819 | 7.996904 | 878,212 | 1.26% | -19.31% | ||||||||||||||||||||||
2011 |
0.25% | 38,781 | 7.981109 | 309,515 | 1.26% | -19.35% | ||||||||||||||||||||||
2010 |
0.00% | 278 | 9.968859 | 2,771 | 1.76% | 22.41% | ||||||||||||||||||||||
2010 |
0.20% | 103,759 | 9.910046 | 1,028,256 | 1.76% | 22.17% | ||||||||||||||||||||||
2010 |
0.25% | 19,429 | 9.895414 | 192,258 | 1.76% | 22.11% | ||||||||||||||||||||||
Growth Fund - Class 2 (AMVGR2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,594 | 14.851108 | 23,673 | 0.80% | 8.51% | ||||||||||||||||||||||
2014 |
0.20% | 761,924 | 14.644767 | 11,158,199 | 0.80% | 8.29% | ||||||||||||||||||||||
2014 |
0.25% | 934,897 | 14.593599 | 13,643,512 | 0.80% | 8.24% | ||||||||||||||||||||||
2013 |
0.00% | 778 | 13.686517 | 10,648 | 0.96% | 30.10% | ||||||||||||||||||||||
2013 |
0.20% | 823,588 | 13.523376 | 11,137,690 | 0.96% | 29.84% | ||||||||||||||||||||||
2013 |
0.25% | 928,036 | 13.482872 | 12,512,591 | 0.96% | 29.78% | ||||||||||||||||||||||
2012 |
0.20% | 875,328 | 10.415272 | 9,116,779 | 0.83% | 17.65% | ||||||||||||||||||||||
2012 |
0.25% | 848,137 | 10.389269 | 8,811,523 | 0.83% | 17.60% | ||||||||||||||||||||||
2011 |
0.20% | 646,898 | 8.852415 | 5,726,610 | 0.80% | -4.47% | ||||||||||||||||||||||
2011 |
0.25% | 917,949 | 8.834746 | 8,109,846 | 0.80% | -4.52% | ||||||||||||||||||||||
2010 |
0.20% | 200,497 | 9.266406 | 1,857,887 | 0.78% | 18.44% | ||||||||||||||||||||||
2010 |
0.25% | 28,764 | 9.252533 | 266,140 | 0.78% | 18.38% | ||||||||||||||||||||||
International Fund - Class 2 (AMVI2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 12,421 | 10.962883 | 136,170 | 1.59% | -2.65% | ||||||||||||||||||||||
2014 |
0.20% | 39,874 | 10.882753 | 433,939 | 1.59% | -2.85% | ||||||||||||||||||||||
2014 |
0.25% | 378,202 | 10.862833 | 4,108,345 | 1.59% | -2.90% | ||||||||||||||||||||||
2013 |
0.00% | 8,219 | 11.261623 | 92,559 | 1.63% | 21.63% | ||||||||||||||||||||||
2013 |
0.20% | 40,692 | 11.201722 | 455,820 | 1.63% | 21.39% | ||||||||||||||||||||||
2013 |
0.25% | 263,800 | 11.186800 | 2,951,078 | 1.63% | 21.33% | ||||||||||||||||||||||
2012 |
0.00% | 7,229 | 9.258582 | 66,930 | 2.11% | 17.91% | ||||||||||||||||||||||
2012 |
0.20% | 23,263 | 9.227767 | 214,666 | 2.11% | 17.67% | ||||||||||||||||||||||
2012 |
0.25% | 179,592 | 9.220070 | 1,655,851 | 2.11% | 17.61% | ||||||||||||||||||||||
2011 |
0.00% | 5,126 | 7.852467 | 40,252 | 2.58% | -21.48% | 5/2/2011 | |||||||||||||||||||||
2011 |
0.25% | 20,132 | 7.839419 | 157,823 | 2.58% | -21.61% | 5/2/2011 | |||||||||||||||||||||
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund - Class I (BRVHYI) |
| |||||||||||||||||||||||||||
2014 |
0.25% | 51,392 | 9.720295 | 499,545 | 1.36% | -2.80% | 8/29/2014 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Large Cap Core V.I. Fund - Class II (MLVLC2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 10,769 | $ | 20.175665 | $ | 217,272 | 0.79% | 12.19% | ||||||||||||||||||||
2014 |
0.10% | 45,593 | 19.981620 | 911,022 | 0.79% | 12.08% | ||||||||||||||||||||||
2014 |
0.20% | 7,577 | 19.789357 | 149,944 | 0.79% | 11.97% | ||||||||||||||||||||||
2014 |
0.25% | 81,631 | 19.694031 | 1,607,643 | 0.79% | 11.91% | ||||||||||||||||||||||
2013 |
0.00% | 8,585 | 17.983312 | 154,387 | 0.97% | 33.32% | ||||||||||||||||||||||
2013 |
0.10% | 42,555 | 17.828165 | 758,678 | 0.97% | 33.19% | ||||||||||||||||||||||
2013 |
0.20% | 10,338 | 17.674292 | 182,717 | 0.97% | 33.05% | ||||||||||||||||||||||
2013 |
0.25% | 93,225 | 17.597950 | 1,640,569 | 0.97% | 32.99% | ||||||||||||||||||||||
2012 |
0.00% | 4,756 | 13.488801 | 64,153 | 1.38% | 12.59% | ||||||||||||||||||||||
2012 |
0.10% | 35,076 | 13.385802 | 469,520 | 1.38% | 12.47% | ||||||||||||||||||||||
2012 |
0.20% | 11,657 | 13.283534 | 154,846 | 1.38% | 12.36% | ||||||||||||||||||||||
2012 |
0.25% | 131,505 | 13.232769 | 1,740,175 | 1.38% | 12.30% | ||||||||||||||||||||||
2011 |
0.00% | 7,595 | 11.980842 | 90,994 | 0.97% | 2.20% | ||||||||||||||||||||||
2011 |
0.10% | 39,420 | 11.901270 | 469,148 | 0.97% | 2.10% | ||||||||||||||||||||||
2011 |
0.20% | 11,014 | 11.822193 | 130,210 | 0.97% | 2.00% | ||||||||||||||||||||||
2011 |
0.25% | 112,361 | 11.782911 | 1,323,940 | 0.97% | 1.95% | ||||||||||||||||||||||
2010 |
0.00% | 5,769 | 11.722431 | 67,627 | 1.03% | 8.98% | ||||||||||||||||||||||
2010 |
0.10% | 12,100 | 11.656201 | 141,040 | 1.03% | 8.87% | ||||||||||||||||||||||
2010 |
0.20% | 8,336 | 11.590313 | 96,617 | 1.03% | 8.77% | ||||||||||||||||||||||
2010 |
0.25% | 139,601 | 11.557561 | 1,613,447 | 1.03% | 8.71% | ||||||||||||||||||||||
Global Allocation V.I. Fund - Class II (MLVGA2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 665,128 | 16.596941 | 11,039,090 | 2.12% | 1.97% | ||||||||||||||||||||||
2013 |
0.00% | 640,899 | 16.276845 | 10,431,814 | 1.07% | 14.55% | ||||||||||||||||||||||
2012 |
0.00% | 680,130 | 14.209224 | 9,664,120 | 1.57% | 10.14% | ||||||||||||||||||||||
2011 |
0.00% | 642,091 | 12.900807 | 8,283,492 | 2.42% | -3.63% | ||||||||||||||||||||||
2010 |
0.00% | 461,464 | 13.386468 | 6,177,373 | 1.39% | 9.88% | ||||||||||||||||||||||
VP S&P 500 Index Portfolio (CVSPIP) |
| |||||||||||||||||||||||||||
2014 |
0.10% | 40,910 | 11.046998 | 451,933 | 3.55% | 10.47% | 4/30/2014 | |||||||||||||||||||||
Value Portfolio (DAVVL) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 119,812 | 13.269646 | 1,589,863 | 0.94% | 6.06% | ||||||||||||||||||||||
2014 |
0.20% | 3,305 | 13.078326 | 43,224 | 0.94% | 5.85% | ||||||||||||||||||||||
2014 |
0.25% | 96,351 | 13.030858 | 1,255,536 | 0.94% | 5.79% | ||||||||||||||||||||||
2013 |
0.00% | 135,251 | 12.511572 | 1,692,203 | 0.81% | 33.43% | ||||||||||||||||||||||
2013 |
0.20% | 2,401 | 12.355876 | 29,666 | 0.81% | 33.16% | ||||||||||||||||||||||
2013 |
0.25% | 76,554 | 12.317182 | 942,930 | 0.81% | 33.09% | ||||||||||||||||||||||
2012 |
0.00% | 153,730 | 9.377109 | 1,441,543 | 1.78% | 13.08% | ||||||||||||||||||||||
2012 |
0.20% | 5,953 | 9.278932 | 55,237 | 1.78% | 12.85% | ||||||||||||||||||||||
2012 |
0.25% | 138,899 | 9.254504 | 1,285,441 | 1.78% | 12.80% | ||||||||||||||||||||||
2011 |
0.00% | 125,820 | 8.292464 | 1,043,358 | 0.86% | -4.17% | ||||||||||||||||||||||
2011 |
0.20% | 5,480 | 8.222110 | 45,057 | 0.86% | -4.37% | ||||||||||||||||||||||
2011 |
0.25% | 144,786 | 8.204572 | 1,187,907 | 0.86% | -4.41% | ||||||||||||||||||||||
2010 |
0.00% | 99,340 | 8.653758 | 859,664 | 1.39% | 12.76% | ||||||||||||||||||||||
2010 |
0.20% | 560 | 8.597487 | 4,815 | 1.39% | 12.54% | ||||||||||||||||||||||
2010 |
0.25% | 184,331 | 8.583442 | 1,582,194 | 1.39% | 12.48% | ||||||||||||||||||||||
VIP Emerging Markets Series: Service Class (DWVEMS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 131 | 10.464258 | 1,371 | 0.38% | -8.26% | ||||||||||||||||||||||
2014 |
0.20% | 21,740 | 10.408589 | 226,283 | 0.38% | -8.45% | ||||||||||||||||||||||
2014 |
0.25% | 88,634 | 10.394723 | 921,326 | 0.38% | -8.49% | ||||||||||||||||||||||
2013 |
0.00% | 131 | 11.406806 | 1,494 | 0.19% | 9.86% | ||||||||||||||||||||||
2013 |
0.20% | 71 | 11.368864 | 807 | 0.19% | 9.64% | ||||||||||||||||||||||
2013 |
0.25% | 36,847 | 11.359401 | 418,560 | 0.19% | 9.58% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
VIP Small Cap Value Series: Service Class (DWVSVS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 29,347 | $ | 14.400158 | $ | 422,601 | 0.29% | 5.62% | ||||||||||||||||||||
2014 |
0.20% | 233,632 | 14.294974 | 3,339,763 | 0.29% | 5.41% | ||||||||||||||||||||||
2014 |
0.25% | 772,626 | 14.268792 | 11,024,440 | 0.29% | 5.35% | ||||||||||||||||||||||
2013 |
0.00% | 17,024 | 13.634102 | 232,107 | 0.55% | 33.17% | ||||||||||||||||||||||
2013 |
0.20% | 233,538 | 13.561620 | 3,167,154 | 0.55% | 32.90% | ||||||||||||||||||||||
2013 |
0.25% | 553,542 | 13.543555 | 7,496,927 | 0.55% | 32.84% | ||||||||||||||||||||||
2012 |
0.00% | 980 | 10.238165 | 10,033 | 0.21% | 13.63% | ||||||||||||||||||||||
2012 |
0.20% | 125,975 | 10.204105 | 1,285,462 | 0.21% | 13.41% | ||||||||||||||||||||||
2012 |
0.25% | 264,717 | 10.195601 | 2,698,949 | 0.21% | 13.35% | ||||||||||||||||||||||
2011 |
0.25% | 2,125 | 8.994847 | 19,114 | 0.00% | -10.05% | 5/2/2011 | |||||||||||||||||||||
Stock Index Fund, Inc. - Initial Shares (DSIF) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 5,681,066 | 27.837249 | 158,145,249 | 1.78% | 13.42% | ||||||||||||||||||||||
2014 |
0.10% | 408,608 | 20.268047 | 8,281,686 | 1.78% | 13.31% | ||||||||||||||||||||||
2014 |
0.20% | 3,213,541 | 19.388148 | 62,304,609 | 1.78% | 13.20% | ||||||||||||||||||||||
2014 |
0.25% | 10,400,035 | 19.252062 | 200,222,119 | 1.78% | 13.14% | ||||||||||||||||||||||
2013 |
0.00% | 5,821,538 | 24.542634 | 142,875,876 | 1.87% | 32.03% | ||||||||||||||||||||||
2013 |
0.10% | 441,577 | 17.887136 | 7,898,548 | 1.87% | 31.90% | ||||||||||||||||||||||
2013 |
0.20% | 2,738,712 | 17.127707 | 46,907,857 | 1.87% | 31.76% | ||||||||||||||||||||||
2013 |
0.25% | 9,493,931 | 17.015995 | 161,548,682 | 1.87% | 31.70% | ||||||||||||||||||||||
2012 |
0.00% | 5,953,531 | 18.589099 | 110,670,777 | 2.05% | 15.74% | ||||||||||||||||||||||
2012 |
0.10% | 503,752 | 13.561635 | 6,831,701 | 2.05% | 15.62% | ||||||||||||||||||||||
2012 |
0.20% | 2,648,356 | 12.998834 | 34,425,540 | 2.05% | 15.51% | ||||||||||||||||||||||
2012 |
0.25% | 9,566,276 | 12.920511 | 123,601,174 | 2.05% | 15.45% | ||||||||||||||||||||||
2011 |
0.00% | 6,328,796 | 16.061424 | 101,649,476 | 1.82% | 1.88% | ||||||||||||||||||||||
2011 |
0.10% | 616,800 | 11.729321 | 7,234,645 | 1.82% | 1.78% | ||||||||||||||||||||||
2011 |
0.20% | 2,636,742 | 11.253834 | 29,673,457 | 1.82% | 1.67% | ||||||||||||||||||||||
2011 |
0.25% | 10,468,947 | 11.191630 | 117,164,581 | 1.82% | 1.62% | ||||||||||||||||||||||
2010 |
0.00% | 6,808,183 | 15.765432 | 107,333,946 | 1.82% | 14.84% | ||||||||||||||||||||||
2010 |
0.10% | 594,473 | 11.524660 | 6,851,099 | 1.82% | 14.72% | ||||||||||||||||||||||
2010 |
0.20% | 2,162,487 | 11.068506 | 23,935,500 | 1.82% | 14.61% | ||||||||||||||||||||||
2010 |
0.25% | 12,044,265 | 11.012818 | 132,641,298 | 1.82% | 14.55% | ||||||||||||||||||||||
Socially Responsible Growth Fund Inc - Initial Shares (DSRG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 522,401 | 23.315565 | 12,180,074 | 1.04% | 13.45% | ||||||||||||||||||||||
2014 |
0.10% | 39,951 | 16.732429 | 668,477 | 1.04% | 13.34% | ||||||||||||||||||||||
2014 |
0.25% | 17,238 | 15.051972 | 259,466 | 1.04% | 13.17% | ||||||||||||||||||||||
2013 |
0.00% | 563,186 | 20.550928 | 11,573,995 | 1.23% | 34.34% | ||||||||||||||||||||||
2013 |
0.10% | 28,589 | 14.763155 | 422,064 | 1.23% | 34.21% | ||||||||||||||||||||||
2013 |
0.25% | 17,450 | 13.300400 | 232,092 | 1.23% | 34.01% | ||||||||||||||||||||||
2012 |
0.00% | 605,032 | 15.297331 | 9,255,375 | 0.80% | 11.97% | ||||||||||||||||||||||
2012 |
0.10% | 33,771 | 11.000110 | 371,485 | 0.80% | 11.86% | ||||||||||||||||||||||
2012 |
0.25% | 18,663 | 9.925081 | 185,232 | 0.80% | 11.69% | ||||||||||||||||||||||
2011 |
0.00% | 650,578 | 13.661404 | 8,887,809 | 0.89% | 0.90% | ||||||||||||||||||||||
2011 |
0.10% | 42,011 | 9.833598 | 413,119 | 0.89% | 0.80% | ||||||||||||||||||||||
2011 |
0.25% | 19,031 | 8.885914 | 169,108 | 0.89% | 0.65% | ||||||||||||||||||||||
2010 |
0.00% | 715,374 | 13.539393 | 9,685,730 | 0.89% | 14.82% | ||||||||||||||||||||||
2010 |
0.10% | 34,941 | 9.755504 | 340,867 | 0.89% | 14.70% | ||||||||||||||||||||||
2010 |
0.25% | 38,070 | 8.828556 | 336,103 | 0.89% | 14.53% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Floating-Rate Income Fund (ETVFR) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 19,829 | $ | 11.179398 | $ | 221,676 | 3.22% | 0.57% | ||||||||||||||||||||
2014 |
0.10% | 4,469,010 | 11.138472 | 49,777,943 | 3.22% | 0.47% | ||||||||||||||||||||||
2014 |
0.20% | 482,917 | 11.097666 | 5,359,252 | 3.22% | 0.37% | ||||||||||||||||||||||
2014 |
0.25% | 1,050,845 | 11.077288 | 11,640,513 | 3.22% | 0.32% | ||||||||||||||||||||||
2013 |
0.00% | 5,910 | 11.115787 | 65,694 | 3.51% | 3.85% | ||||||||||||||||||||||
2013 |
0.10% | 1,958,713 | 11.086177 | 21,714,639 | 3.51% | 3.75% | ||||||||||||||||||||||
2013 |
0.20% | 71,713 | 11.056627 | 792,904 | 3.51% | 3.64% | ||||||||||||||||||||||
2013 |
0.25% | 266,198 | 11.041865 | 2,939,322 | 3.51% | 3.59% | ||||||||||||||||||||||
2012 |
0.10% | 1,433,810 | 10.685961 | 15,321,638 | 3.38% | 7.22% | ||||||||||||||||||||||
2012 |
0.20% | 3,643 | 10.668159 | 38,864 | 3.38% | 7.11% | ||||||||||||||||||||||
2012 |
0.25% | 634 | 10.659243 | 6,758 | 3.38% | 7.06% | ||||||||||||||||||||||
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 89,731 | 11.237397 | 1,008,343 | 4.04% | 2.12% | ||||||||||||||||||||||
2014 |
0.20% | 331,848 | 10.087875 | 3,347,641 | 4.04% | 0.88% | 5/1/2014 | |||||||||||||||||||||
2014 |
0.25% | 756,586 | 10.084509 | 7,629,798 | 4.04% | 0.85% | 5/1/2014 | |||||||||||||||||||||
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 3,054 | 12.173521 | 37,178 | 0.03% | 3.95% | ||||||||||||||||||||||
2013 |
0.00% | 3,565 | 11.711464 | 41,751 | 0.10% | 13.57% | ||||||||||||||||||||||
2012 |
0.00% | 92 | 10.312479 | 949 | 0.00% | 3.12% | 5/1/2012 | |||||||||||||||||||||
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 215,582 | 14.547427 | 3,136,163 | 0.00% | 8.04% | ||||||||||||||||||||||
2014 |
0.10% | 13,861 | 14.508528 | 201,103 | 0.00% | 7.93% | ||||||||||||||||||||||
2014 |
0.20% | 14,778 | 14.469727 | 213,834 | 0.00% | 7.82% | ||||||||||||||||||||||
2014 |
0.25% | 97,042 | 14.450385 | 1,402,294 | 0.00% | 7.77% | ||||||||||||||||||||||
2013 |
0.00% | 209,470 | 13.465170 | 2,820,549 | 0.41% | 37.01% | ||||||||||||||||||||||
2013 |
0.10% | 13,140 | 13.442608 | 176,636 | 0.41% | 36.88% | ||||||||||||||||||||||
2013 |
0.20% | 15,404 | 13.420087 | 206,723 | 0.41% | 36.74% | ||||||||||||||||||||||
2013 |
0.25% | 83,038 | 13.408843 | 1,113,444 | 0.41% | 36.67% | ||||||||||||||||||||||
2012 |
0.00% | 230,709 | 9.827596 | 2,267,315 | 0.00% | -1.72% | 4/27/2012 | |||||||||||||||||||||
2012 |
0.10% | 17,866 | 9.820935 | 175,461 | 0.00% | -1.79% | 4/27/2012 | |||||||||||||||||||||
2012 |
0.20% | 22,241 | 9.814282 | 218,279 | 0.00% | -1.86% | 4/27/2012 | |||||||||||||||||||||
2012 |
0.25% | 70,975 | 9.810958 | 696,333 | 0.00% | -1.89% | 4/27/2012 | |||||||||||||||||||||
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 38,475 | 10.314426 | 396,848 | 0.00% | 3.14% | 5/1/2014 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Mid Cap Value Portfolio: Class 1 (JPMMV1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 25,195 | $ | 29.375193 | $ | 740,108 | 0.71% | 15.11% | ||||||||||||||||||||
2014 |
0.20% | 174,813 | 28.755521 | 5,026,839 | 0.71% | 14.88% | ||||||||||||||||||||||
2014 |
0.25% | 172,466 | 28.602620 | 4,932,979 | 0.71% | 14.82% | ||||||||||||||||||||||
2013 |
0.00% | 16,249 | 25.519927 | 414,673 | 0.96% | 32.30% | ||||||||||||||||||||||
2013 |
0.20% | 120,203 | 25.031580 | 3,008,871 | 0.96% | 32.04% | ||||||||||||||||||||||
2013 |
0.25% | 122,145 | 24.910934 | 3,042,746 | 0.96% | 31.97% | ||||||||||||||||||||||
2012 |
0.00% | 529 | 19.289344 | 10,204 | 0.28% | 20.38% | ||||||||||||||||||||||
2012 |
0.20% | 88,720 | 18.958083 | 1,681,961 | 0.28% | 20.14% | ||||||||||||||||||||||
2012 |
0.25% | 10,268 | 18.876134 | 193,820 | 0.28% | 20.08% | ||||||||||||||||||||||
2011 |
0.20% | 7,723 | 15.780575 | 121,873 | 1.29% | 1.96% | ||||||||||||||||||||||
2010 |
0.20% | 7,841 | 15.477647 | 121,360 | 1.26% | 23.21% | ||||||||||||||||||||||
Balanced Portfolio: Service Shares (JABS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 194,012 | 27.548473 | 5,344,734 | 1.54% | 8.24% | ||||||||||||||||||||||
2014 |
0.10% | 78,645 | 27.211116 | 2,140,018 | 1.54% | 8.13% | ||||||||||||||||||||||
2014 |
0.20% | 119,158 | 26.877891 | 3,202,716 | 1.54% | 8.02% | ||||||||||||||||||||||
2014 |
0.25% | 541,936 | 26.712747 | 14,476,599 | 1.54% | 7.97% | ||||||||||||||||||||||
2013 |
0.00% | 196,236 | 25.451703 | 4,994,540 | 2.01% | 19.80% | ||||||||||||||||||||||
2013 |
0.10% | 69,906 | 25.165169 | 1,759,196 | 2.01% | 19.68% | ||||||||||||||||||||||
2013 |
0.20% | 92,864 | 24.881872 | 2,310,630 | 2.01% | 19.56% | ||||||||||||||||||||||
2013 |
0.25% | 462,719 | 24.741356 | 11,448,296 | 2.01% | 19.50% | ||||||||||||||||||||||
2012 |
0.00% | 207,553 | 21.244764 | 4,409,415 | 2.66% | 13.37% | ||||||||||||||||||||||
2012 |
0.10% | 70,662 | 21.026597 | 1,485,781 | 2.66% | 13.26% | ||||||||||||||||||||||
2012 |
0.20% | 102,630 | 20.810679 | 2,135,800 | 2.66% | 13.15% | ||||||||||||||||||||||
2012 |
0.25% | 322,380 | 20.703503 | 6,674,395 | 2.66% | 13.09% | ||||||||||||||||||||||
2011 |
0.00% | 194,261 | 18.738519 | 3,640,163 | 2.33% | 1.35% | ||||||||||||||||||||||
2011 |
0.10% | 104,385 | 18.564685 | 1,937,875 | 2.33% | 1.25% | ||||||||||||||||||||||
2011 |
0.20% | 39,571 | 18.392478 | 727,809 | 2.33% | 1.15% | ||||||||||||||||||||||
2011 |
0.25% | 249,377 | 18.306924 | 4,565,326 | 2.33% | 1.10% | ||||||||||||||||||||||
2010 |
0.00% | 199,120 | 18.488077 | 3,681,346 | 2.48% | 8.12% | ||||||||||||||||||||||
2010 |
0.10% | 120,166 | 18.334845 | 2,203,225 | 2.48% | 8.01% | ||||||||||||||||||||||
2010 |
0.20% | 74,749 | 18.182894 | 1,359,153 | 2.48% | 7.90% | ||||||||||||||||||||||
2010 |
0.25% | 315,673 | 18.107344 | 5,716,000 | 2.48% | 7.85% | ||||||||||||||||||||||
Flexible Bond Portfolio: Service Shares (JAFBS) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 91,596 | 10.093738 | 924,546 | 1.29% | 0.94% | 9/26/2014 | |||||||||||||||||||||
2014 |
0.25% | 344,331 | 10.092410 | 3,475,130 | 1.29% | 0.92% | 9/26/2014 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Forty Portfolio: Service Shares (JACAS) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,612,674 | $ | 18.253711 | $ | 29,437,285 | 0.03% | 8.47% | ||||||||||||||||||
2014 |
0.10% | 119,102 | 17.983216 | 2,141,837 | 0.03% | 8.36% | ||||||||||||||||||||
2014 |
0.20% | 343,954 | 17.716740 | 6,093,744 | 0.03% | 8.25% | ||||||||||||||||||||
2014 |
0.25% | 397,378 | 17.584980 | 6,987,884 | 0.03% | 8.20% | ||||||||||||||||||||
2013 |
0.00% | 1,750,090 | 16.828717 | 29,451,769 | 0.59% | 30.89% | ||||||||||||||||||||
2013 |
0.10% | 124,679 | 16.595922 | 2,069,163 | 0.59% | 30.75% | ||||||||||||||||||||
2013 |
0.20% | 256,265 | 16.366354 | 4,194,124 | 0.59% | 30.62% | ||||||||||||||||||||
2013 |
0.25% | 675,697 | 16.252771 | 10,981,949 | 0.59% | 30.56% | ||||||||||||||||||||
2012 |
0.00% | 1,995,286 | 12.857586 | 25,654,561 | 0.55% | 23.86% | ||||||||||||||||||||
2012 |
0.10% | 187,681 | 12.692401 | 2,382,123 | 0.55% | 23.73% | ||||||||||||||||||||
2012 |
0.20% | 326,106 | 12.529347 | 4,085,895 | 0.55% | 23.61% | ||||||||||||||||||||
2012 |
0.25% | 793,544 | 12.448610 | 9,878,520 | 0.55% | 23.55% | ||||||||||||||||||||
2011 |
0.00% | 2,188,403 | 10.380944 | 22,717,689 | 0.25% | -6.94% | ||||||||||||||||||||
2011 |
0.10% | 278,314 | 10.257850 | 2,854,903 | 0.25% | -7.03% | ||||||||||||||||||||
2011 |
0.20% | 483,760 | 10.136220 | 4,903,498 | 0.25% | -7.13% | ||||||||||||||||||||
2011 |
0.25% | 1,428,699 | 10.075943 | 14,395,490 | 0.25% | -7.17% | ||||||||||||||||||||
2010 |
0.00% | 2,484,331 | 11.155290 | 27,713,433 | 0.23% | 6.48% | ||||||||||||||||||||
2010 |
0.10% | 361,943 | 11.034023 | 3,993,687 | 0.23% | 6.37% | ||||||||||||||||||||
2010 |
0.20% | 405,847 | 10.914078 | 4,429,446 | 0.23% | 6.27% | ||||||||||||||||||||
2010 |
0.25% | 2,211,789 | 10.854583 | 24,008,047 | 0.23% | 6.21% | ||||||||||||||||||||
Global Technology Portfolio: Service Shares (JAGTS) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,294,419 | 9.259589 | 11,985,788 | 0.00% | 9.35% | ||||||||||||||||||||
2014 |
0.10% | 229,529 | 9.122304 | 2,093,833 | 0.00% | 9.24% | ||||||||||||||||||||
2014 |
0.20% | 19,878 | 8.987053 | 178,645 | 0.00% | 9.13% | ||||||||||||||||||||
2014 |
0.25% | 122,394 | 8.920175 | 1,091,776 | 0.00% | 9.07% | ||||||||||||||||||||
2013 |
0.00% | 1,316,465 | 8.468059 | 11,147,903 | 0.00% | 35.39% | ||||||||||||||||||||
2013 |
0.10% | 185,093 | 8.350859 | 1,545,686 | 0.00% | 35.25% | ||||||||||||||||||||
2013 |
0.20% | 8,704 | 8.235270 | 71,680 | 0.00% | 35.12% | ||||||||||||||||||||
2013 |
0.25% | 213,751 | 8.178071 | 1,748,071 | 0.00% | 35.05% | ||||||||||||||||||||
2012 |
0.00% | 1,417,703 | 6.254578 | 8,867,134 | 0.00% | 19.15% | ||||||||||||||||||||
2012 |
0.10% | 243,213 | 6.174184 | 1,501,642 | 0.00% | 19.03% | ||||||||||||||||||||
2012 |
0.20% | 16,163 | 6.094806 | 98,510 | 0.00% | 18.91% | ||||||||||||||||||||
2012 |
0.25% | 236,100 | 6.055509 | 1,429,706 | 0.00% | 18.85% | ||||||||||||||||||||
2011 |
0.00% | 1,121,336 | 5.249382 | 5,886,321 | 0.00% | -8.66% | ||||||||||||||||||||
2011 |
0.10% | 308,257 | 5.187105 | 1,598,961 | 0.00% | -8.75% | ||||||||||||||||||||
2011 |
0.20% | 4,342 | 5.125546 | 22,255 | 0.00% | -8.84% | ||||||||||||||||||||
2011 |
0.25% | 413,571 | 5.095046 | 2,107,163 | 0.00% | -8.88% | ||||||||||||||||||||
2010 |
0.00% | 1,414,446 | 5.746904 | 8,128,685 | 0.00% | 24.40% | ||||||||||||||||||||
2010 |
0.10% | 331,841 | 5.684397 | 1,886,316 | 0.00% | 24.27% | ||||||||||||||||||||
2010 |
0.20% | 11,445 | 5.622552 | 64,350 | 0.00% | 24.15% | ||||||||||||||||||||
2010 |
0.25% | 413,420 | 5.591880 | 2,311,795 | 0.00% | 24.09% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Overseas Portfolio: Service Shares (JAIGS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,382,995 | $ | 15.302065 | $ | 21,162,679 | 5.77% | -12.10% | ||||||||||||||||||||
2014 |
0.10% | 127,397 | 15.075321 | 1,920,551 | 5.77% | -12.19% | ||||||||||||||||||||||
2014 |
0.20% | 183,537 | 14.851839 | 2,725,862 | 5.77% | -12.28% | ||||||||||||||||||||||
2014 |
0.25% | 233,855 | 14.741369 | 3,447,343 | 5.77% | -12.32% | ||||||||||||||||||||||
2013 |
0.00% | 1,583,590 | 17.408554 | 27,568,012 | 3.05% | 14.28% | ||||||||||||||||||||||
2013 |
0.10% | 113,480 | 17.167781 | 1,948,200 | 3.05% | 14.17% | ||||||||||||||||||||||
2013 |
0.20% | 193,673 | 16.930223 | 3,278,927 | 3.05% | 14.05% | ||||||||||||||||||||||
2013 |
0.25% | 441,123 | 16.812707 | 7,416,472 | 3.05% | 14.00% | ||||||||||||||||||||||
2012 |
0.00% | 1,861,649 | 15.233105 | 28,358,695 | 0.69% | 13.18% | ||||||||||||||||||||||
2012 |
0.10% | 185,123 | 15.037449 | 2,783,778 | 0.69% | 13.07% | ||||||||||||||||||||||
2012 |
0.20% | 244,857 | 14.844207 | 3,634,708 | 0.69% | 12.95% | ||||||||||||||||||||||
2012 |
0.25% | 544,333 | 14.748538 | 8,028,116 | 0.69% | 12.90% | ||||||||||||||||||||||
2011 |
0.00% | 928,241 | 13.459012 | 12,493,207 | 0.37% | -32.34% | ||||||||||||||||||||||
2011 |
0.10% | 282,025 | 13.299473 | 3,750,784 | 0.37% | -32.40% | ||||||||||||||||||||||
2011 |
0.20% | 737,438 | 13.141734 | 9,691,214 | 0.37% | -32.47% | ||||||||||||||||||||||
2011 |
0.25% | 984,026 | 13.063595 | 12,854,917 | 0.37% | -32.51% | ||||||||||||||||||||||
2010 |
0.00% | 1,084,854 | 19.891294 | 21,579,150 | 0.53% | 25.02% | ||||||||||||||||||||||
2010 |
0.10% | 326,192 | 19.675174 | 6,417,884 | 0.53% | 24.89% | ||||||||||||||||||||||
2010 |
0.20% | 973,187 | 19.461274 | 18,939,459 | 0.53% | 24.77% | ||||||||||||||||||||||
2010 |
0.25% | 990,271 | 19.355227 | 19,166,920 | 0.53% | 24.70% | ||||||||||||||||||||||
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 7,217 | 15.390421 | 111,073 | 3.38% | 8.44% | ||||||||||||||||||||||
2014 |
0.20% | 84,451 | 15.247583 | 1,287,674 | 3.38% | 8.22% | ||||||||||||||||||||||
2014 |
0.25% | 36,396 | 15.212055 | 553,658 | 3.38% | 8.17% | ||||||||||||||||||||||
2013 |
0.00% | 3,557 | 14.192688 | 50,483 | 1.00% | 25.81% | ||||||||||||||||||||||
2013 |
0.20% | 57,650 | 14.089115 | 812,237 | 1.00% | 25.56% | ||||||||||||||||||||||
2013 |
0.25% | 74,382 | 14.063317 | 1,046,058 | 1.00% | 25.49% | ||||||||||||||||||||||
2012 |
0.00% | 7,263 | 11.281179 | 81,935 | 0.89% | 10.79% | ||||||||||||||||||||||
2012 |
0.20% | 61,149 | 11.221257 | 686,169 | 0.89% | 10.57% | ||||||||||||||||||||||
2012 |
0.25% | 121,309 | 11.206313 | 1,359,427 | 0.89% | 10.51% | ||||||||||||||||||||||
2011 |
0.00% | 3,347 | 10.182308 | 34,080 | 0.73% | -2.98% | ||||||||||||||||||||||
2011 |
0.20% | 45,494 | 10.148540 | 461,698 | 0.73% | -3.18% | ||||||||||||||||||||||
2011 |
0.25% | 106,951 | 10.140120 | 1,084,496 | 0.73% | -3.22% | ||||||||||||||||||||||
2010 |
0.20% | 183 | 10.481347 | 1,918 | 0.42% | 4.81% | 5/3/2010 | |||||||||||||||||||||
2010 |
0.25% | 46,317 | 10.477878 | 485,304 | 0.42% | 4.78% | 5/3/2010 | |||||||||||||||||||||
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 88,176 | 10.748588 | 947,767 | 1.81% | -4.64% | ||||||||||||||||||||||
2014 |
0.20% | 1,180,396 | 10.648799 | 12,569,800 | 1.81% | -4.83% | ||||||||||||||||||||||
2014 |
0.25% | 1,263,096 | 10.623987 | 13,419,115 | 1.81% | -4.87% | ||||||||||||||||||||||
2013 |
0.00% | 87,427 | 11.271168 | 985,404 | 1.47% | -1.24% | ||||||||||||||||||||||
2013 |
0.20% | 1,067,931 | 11.188897 | 11,948,970 | 1.47% | -1.44% | ||||||||||||||||||||||
2013 |
0.25% | 974,887 | 11.168411 | 10,887,939 | 1.47% | -1.49% | ||||||||||||||||||||||
2012 |
0.00% | 100,164 | 11.413075 | 1,143,179 | 1.71% | 22.05% | ||||||||||||||||||||||
2012 |
0.20% | 1,098,975 | 11.352455 | 12,476,064 | 1.71% | 21.81% | ||||||||||||||||||||||
2012 |
0.25% | 782,058 | 11.337345 | 8,866,461 | 1.71% | 21.75% | ||||||||||||||||||||||
2011 |
0.00% | 37,548 | 9.351075 | 351,114 | 2.45% | -18.00% | ||||||||||||||||||||||
2011 |
0.20% | 1,020,922 | 9.320058 | 9,515,052 | 2.45% | -18.16% | ||||||||||||||||||||||
2011 |
0.25% | 725,228 | 9.312320 | 6,753,555 | 2.45% | -18.20% | ||||||||||||||||||||||
2010 |
0.00% | 18,770 | 11.403634 | 214,046 | 2.49% | 14.04% | 5/3/2010 | |||||||||||||||||||||
2010 |
0.20% | 322,122 | 11.388546 | 3,668,501 | 2.49% | 13.89% | 5/3/2010 | |||||||||||||||||||||
2010 |
0.25% | 363,235 | 11.384777 | 4,135,349 | 2.49% | 13.85% | 5/3/2010 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 566 | $ | 19.613313 | $ | 11,101 | 0.34% | 11.53% | ||||||||||||||||||||
2014 |
0.10% | 15,880 | 19.424648 | 308,463 | 0.34% | 11.42% | ||||||||||||||||||||||
2014 |
0.20% | 857 | 19.237814 | 16,487 | 0.34% | 11.30% | ||||||||||||||||||||||
2014 |
0.25% | 39,971 | 19.145041 | 765,246 | 0.34% | 11.25% | ||||||||||||||||||||||
2013 |
0.00% | 1,022 | 17.586030 | 17,973 | 0.44% | 30.32% | ||||||||||||||||||||||
2013 |
0.10% | 26,280 | 17.434295 | 458,173 | 0.44% | 30.19% | ||||||||||||||||||||||
2013 |
0.20% | 1,051 | 17.283875 | 18,165 | 0.44% | 30.06% | ||||||||||||||||||||||
2013 |
0.25% | 55,867 | 17.209128 | 961,422 | 0.44% | 29.99% | ||||||||||||||||||||||
2012 |
0.00% | 984 | 13.494607 | 13,279 | 0.77% | 14.54% | ||||||||||||||||||||||
2012 |
0.10% | 28,689 | 13.391551 | 384,190 | 0.77% | 14.43% | ||||||||||||||||||||||
2012 |
0.20% | 2,376 | 13.289281 | 31,575 | 0.77% | 14.32% | ||||||||||||||||||||||
2012 |
0.25% | 51,148 | 13.238427 | 677,119 | 0.77% | 14.26% | ||||||||||||||||||||||
2011 |
0.00% | 955 | 11.781054 | 11,251 | 0.18% | -4.01% | ||||||||||||||||||||||
2011 |
0.10% | 39,336 | 11.702808 | 460,342 | 0.18% | -4.11% | ||||||||||||||||||||||
2011 |
0.20% | 709 | 11.625075 | 8,242 | 0.18% | -4.20% | ||||||||||||||||||||||
2011 |
0.25% | 37,912 | 11.586400 | 439,264 | 0.18% | -4.25% | ||||||||||||||||||||||
2010 |
0.00% | 984 | 12.273411 | 12,077 | 0.37% | 25.43% | ||||||||||||||||||||||
2010 |
0.10% | 63,727 | 12.204067 | 777,729 | 0.37% | 25.30% | ||||||||||||||||||||||
2010 |
0.20% | 1,367 | 12.135118 | 16,589 | 0.37% | 25.18% | ||||||||||||||||||||||
2010 |
0.25% | 41,890 | 12.100786 | 506,902 | 0.37% | 25.12% | ||||||||||||||||||||||
Investors Growth Stock Series - Initial Class (MIGIC) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 129,370 | 26.831723 | 3,471,220 | 0.52% | 11.45% | ||||||||||||||||||||||
2013 |
0.00% | 156,129 | 24.074646 | 3,758,750 | 0.64% | 30.29% | ||||||||||||||||||||||
2012 |
0.00% | 172,283 | 18.477561 | 3,183,370 | 0.46% | 16.97% | ||||||||||||||||||||||
2011 |
0.00% | 192,257 | 15.796502 | 3,036,988 | 0.54% | 0.58% | ||||||||||||||||||||||
2010 |
0.00% | 216,391 | 15.705759 | 3,398,585 | 0.45% | 12.47% | ||||||||||||||||||||||
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 39,384 | 13.565726 | 534,273 | 0.00% | -7.26% | ||||||||||||||||||||||
2013 |
0.00% | 54,531 | 14.627285 | 797,640 | 0.00% | 41.52% | ||||||||||||||||||||||
2012 |
0.00% | 7,796 | 10.335916 | 80,579 | 0.00% | 3.36% | 5/1/2012 | |||||||||||||||||||||
New Discovery Series - Service Class (MNDSC) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,886 | 13.478411 | 25,420 | 0.00% | -7.49% | ||||||||||||||||||||||
2014 |
0.20% | 37,903 | 13.406739 | 508,156 | 0.00% | -7.68% | ||||||||||||||||||||||
2014 |
0.25% | 41,953 | 13.388879 | 561,704 | 0.00% | -7.72% | ||||||||||||||||||||||
2013 |
0.00% | 1,759 | 14.570258 | 25,629 | 0.00% | 41.22% | ||||||||||||||||||||||
2013 |
0.20% | 26,567 | 14.521824 | 385,801 | 0.00% | 40.94% | ||||||||||||||||||||||
2013 |
0.25% | 120,227 | 14.509734 | 1,744,462 | 0.00% | 40.86% | ||||||||||||||||||||||
2012 |
0.25% | 65,112 | 10.300457 | 670,683 | 0.00% | 3.00% | 5/1/2012 | |||||||||||||||||||||
Research International Series - Service Class (MVRISC) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 11,140 | 10.014243 | 111,559 | 1.20% | -7.09% | ||||||||||||||||||||||
2014 |
0.20% | 3,823 | 9.861777 | 37,702 | 1.20% | -7.28% | ||||||||||||||||||||||
2014 |
0.25% | 273,139 | 9.824029 | 2,683,325 | 1.20% | -7.32% | ||||||||||||||||||||||
2013 |
0.00% | 10,760 | 10.778566 | 115,977 | 1.76% | 18.66% | ||||||||||||||||||||||
2013 |
0.20% | 62,038 | 10.635735 | 659,820 | 1.76% | 18.43% | ||||||||||||||||||||||
2013 |
0.25% | 350,531 | 10.600321 | 3,715,741 | 1.76% | 18.37% | ||||||||||||||||||||||
2012 |
0.00% | 11,403 | 9.083269 | 103,577 | 2.64% | 16.41% | ||||||||||||||||||||||
2012 |
0.20% | 53,472 | 8.980840 | 480,223 | 2.64% | 16.18% | ||||||||||||||||||||||
2012 |
0.25% | 338,782 | 8.955409 | 3,033,931 | 2.64% | 16.12% | ||||||||||||||||||||||
2011 |
0.00% | 7,541 | 7.802718 | 58,840 | 1.62% | -11.06% | ||||||||||||||||||||||
2011 |
0.20% | 160 | 7.730217 | 1,237 | 1.62% | -11.23% | ||||||||||||||||||||||
2011 |
0.25% | 102,864 | 7.712183 | 793,306 | 1.62% | -11.28% | ||||||||||||||||||||||
2010 |
0.00% | 4,927 | 8.772736 | 43,223 | 1.35% | 10.47% | ||||||||||||||||||||||
2010 |
0.25% | 84,252 | 8.692628 | 732,371 | 1.35% | 10.20% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Value Series - Initial Class (MVFIC) | ||||||||||||||||||||||||||
2014 |
0.00% | 314,764 | $ | 31.820252 | $ | 10,015,870 | 1.51% | 10.51% | ||||||||||||||||||
2013 |
0.00% | 368,819 | 28.794051 | 10,619,793 | 1.21% | 35.89% | ||||||||||||||||||||
2012 |
0.00% | 394,370 | 21.189802 | 8,356,622 | 1.70% | 16.26% | ||||||||||||||||||||
2011 |
0.00% | 407,456 | 18.226114 | 7,426,340 | 1.45% | -0.30% | ||||||||||||||||||||
2010 |
0.00% | 441,004 | 18.281385 | 8,062,164 | 1.47% | 11.53% | ||||||||||||||||||||
Value Series - Service Class (MVFSC) | ||||||||||||||||||||||||||
2014 |
0.00% | 198,866 | 15.520016 | 3,086,404 | 1.33% | 10.20% | ||||||||||||||||||||
2014 |
0.20% | 343,960 | 15.296190 | 5,261,278 | 1.33% | 9.98% | ||||||||||||||||||||
2014 |
0.25% | 1,274,981 | 15.240803 | 19,431,734 | 1.33% | 9.93% | ||||||||||||||||||||
2013 |
0.00% | 255,396 | 14.083227 | 3,596,800 | 1.02% | 35.59% | ||||||||||||||||||||
2013 |
0.20% | 323,268 | 13.907900 | 4,495,979 | 1.02% | 35.32% | ||||||||||||||||||||
2013 |
0.25% | 1,530,260 | 13.864468 | 21,216,241 | 1.02% | 35.26% | ||||||||||||||||||||
2012 |
0.00% | 195,561 | 10.386254 | 2,031,146 | 1.48% | 15.88% | ||||||||||||||||||||
2012 |
0.20% | 284,062 | 10.277471 | 2,919,439 | 1.48% | 15.65% | ||||||||||||||||||||
2012 |
0.25% | 1,605,332 | 10.250498 | 16,455,452 | 1.48% | 15.59% | ||||||||||||||||||||
2011 |
0.00% | 125,373 | 8.962764 | 1,123,689 | 1.19% | -0.47% | ||||||||||||||||||||
2011 |
0.20% | 263,888 | 8.886694 | 2,345,092 | 1.19% | -0.66% | ||||||||||||||||||||
2011 |
0.25% | 1,640,910 | 8.867804 | 14,551,268 | 1.19% | -0.71% | ||||||||||||||||||||
2010 |
0.00% | 78,860 | 9.004753 | 710,115 | 1.25% | 11.22% | ||||||||||||||||||||
2010 |
0.20% | 10,967 | 8.946185 | 98,113 | 1.25% | 10.99% | ||||||||||||||||||||
2010 |
0.25% | 677,810 | 8.931612 | 6,053,936 | 1.25% | 10.94% | ||||||||||||||||||||
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC) | ||||||||||||||||||||||||||
2014 |
0.00% | 104,105 | 21.074086 | 2,193,918 | 1.84% | 1.13% | ||||||||||||||||||||
2014 |
0.20% | 1,336,808 | 20.836672 | 27,854,630 | 1.84% | 0.93% | ||||||||||||||||||||
2014 |
0.25% | 1,471,627 | 20.777757 | 30,577,108 | 1.84% | 0.88% | ||||||||||||||||||||
2013 |
0.00% | 93,438 | 20.838059 | 1,947,067 | 1.39% | 27.63% | ||||||||||||||||||||
2013 |
0.20% | 1,240,116 | 20.644557 | 25,601,645 | 1.39% | 27.38% | ||||||||||||||||||||
2013 |
0.25% | 1,426,615 | 20.596474 | 29,383,239 | 1.39% | 27.31% | ||||||||||||||||||||
2012 |
0.00% | 63,448 | 16.326534 | 1,035,886 | 1.59% | 15.93% | ||||||||||||||||||||
2012 |
0.20% | 1,224,573 | 16.207264 | 19,846,978 | 1.59% | 15.70% | ||||||||||||||||||||
2012 |
0.25% | 1,240,764 | 16.177603 | 20,072,587 | 1.59% | 15.64% | ||||||||||||||||||||
2011 |
0.00% | 50,951 | 14.082958 | 717,541 | 1.09% | -1.78% | ||||||||||||||||||||
2011 |
0.20% | 714,526 | 14.008123 | 10,009,168 | 1.09% | -1.97% | ||||||||||||||||||||
2011 |
0.25% | 994,671 | 13.989490 | 13,914,940 | 1.09% | -2.02% | ||||||||||||||||||||
2010 |
0.00% | 3,508 | 14.337712 | 50,297 | 1.41% | 8.78% | ||||||||||||||||||||
2010 |
0.20% | 520,695 | 14.290030 | 7,440,747 | 1.41% | 8.56% | ||||||||||||||||||||
2010 |
0.25% | 916,953 | 14.278137 | 13,092,381 | 1.41% | 8.51% | ||||||||||||||||||||
Core Plus Fixed Income Portfolio - Class I (MSVFI) | ||||||||||||||||||||||||||
2014 |
0.00% | 107,604 | 15.966198 | 1,718,027 | 2.84% | 7.85% | ||||||||||||||||||||
2013 |
0.00% | 119,123 | 14.803414 | 1,763,427 | 3.52% | -0.32% | ||||||||||||||||||||
2012 |
0.00% | 159,977 | 14.850467 | 2,375,733 | 4.54% | 9.44% | ||||||||||||||||||||
2011 |
0.00% | 186,591 | 13.569488 | 2,531,944 | 3.79% | 5.65% | ||||||||||||||||||||
2010 |
0.00% | 190,070 | 12.844145 | 2,441,287 | 6.09% | 7.14% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Emerging Markets Debt Portfolio - Class I (MSEM) | ||||||||||||||||||||||||||
2014 |
0.00% | 116,584 | $ | 33.345098 | $ | 3,887,505 | 5.48% | 2.93% | ||||||||||||||||||
2014 |
0.10% | 679,332 | 42.877705 | 29,128,197 | 5.48% | 2.82% | ||||||||||||||||||||
2014 |
0.20% | 99,108 | 32.451024 | 3,216,156 | 5.48% | 2.72% | ||||||||||||||||||||
2014 |
0.25% | 60,118 | 32.223332 | 1,937,202 | 5.48% | 2.67% | ||||||||||||||||||||
2013 |
0.00% | 136,780 | 32.396627 | 4,431,211 | 4.05% | -8.75% | ||||||||||||||||||||
2013 |
0.10% | 683,536 | 41.699776 | 28,503,298 | 4.05% | -8.84% | ||||||||||||||||||||
2013 |
0.20% | 99,023 | 31.591112 | 3,128,247 | 4.05% | -8.93% | ||||||||||||||||||||
2013 |
0.25% | 65,940 | 31.385145 | 2,069,536 | 4.05% | -8.98% | ||||||||||||||||||||
2012 |
0.00% | 160,559 | 35.502855 | 5,700,303 | 2.86% | 17.96% | ||||||||||||||||||||
2012 |
0.10% | 635,996 | 45.743742 | 29,092,837 | 2.86% | 17.84% | ||||||||||||||||||||
2012 |
0.20% | 113,419 | 34.689455 | 3,934,443 | 2.86% | 17.72% | ||||||||||||||||||||
2012 |
0.25% | 67,120 | 34.480526 | 2,314,333 | 2.86% | 17.67% | ||||||||||||||||||||
2011 |
0.00% | 176,124 | 30.097113 | 5,300,824 | 3.60% | 7.03% | ||||||||||||||||||||
2011 |
0.10% | 644,916 | 38.817591 | 25,034,086 | 3.60% | 6.93% | ||||||||||||||||||||
2011 |
0.20% | 102,810 | 29.466572 | 3,029,458 | 3.60% | 6.82% | ||||||||||||||||||||
2011 |
0.25% | 56,831 | 29.303784 | 1,665,363 | 3.60% | 6.77% | ||||||||||||||||||||
2010 |
0.00% | 212,950 | 28.119543 | 5,988,057 | 3.00% | 9.74% | ||||||||||||||||||||
2010 |
0.10% | 644,413 | 36.303218 | 23,394,266 | 3.00% | 9.63% | ||||||||||||||||||||
2010 |
0.20% | 81,138 | 27.585403 | 2,238,224 | 3.00% | 9.53% | ||||||||||||||||||||
2010 |
0.25% | 60,832 | 27.446686 | 1,669,637 | 3.00% | 9.47% | ||||||||||||||||||||
Global Real Estate Portfolio - Class II (VKVGR2) | ||||||||||||||||||||||||||
2014 |
0.00% | 23,630 | 11.565859 | 273,301 | 0.69% | 13.85% | ||||||||||||||||||||
2014 |
0.20% | 66,035 | 11.399066 | 752,737 | 0.69% | 13.62% | ||||||||||||||||||||
2014 |
0.25% | 332,031 | 11.357738 | 3,771,121 | 0.69% | 13.57% | ||||||||||||||||||||
2013 |
0.00% | 20,978 | 10.158786 | 213,111 | 3.58% | 2.63% | ||||||||||||||||||||
2013 |
0.20% | 28,295 | 10.032314 | 283,864 | 3.58% | 2.43% | ||||||||||||||||||||
2013 |
0.25% | 241,618 | 10.000939 | 2,416,407 | 3.58% | 2.38% | ||||||||||||||||||||
2012 |
0.00% | 24,795 | 9.898065 | 245,423 | 0.54% | 29.94% | ||||||||||||||||||||
2012 |
0.20% | 36,580 | 9.794401 | 358,279 | 0.54% | 29.68% | ||||||||||||||||||||
2012 |
0.25% | 180,879 | 9.768654 | 1,766,944 | 0.54% | 29.62% | ||||||||||||||||||||
2011 |
0.00% | 26,783 | 7.617163 | 204,010 | 3.29% | -10.15% | ||||||||||||||||||||
2011 |
0.20% | 17,677 | 7.552508 | 133,506 | 3.29% | -10.33% | ||||||||||||||||||||
2011 |
0.25% | 100,281 | 7.536433 | 755,761 | 3.29% | -10.38% | ||||||||||||||||||||
2010 |
0.00% | 17,979 | 8.477927 | 152,425 | 8.26% | 22.32% | ||||||||||||||||||||
2010 |
0.20% | 9,827 | 8.422781 | 82,771 | 8.26% | 22.07% | ||||||||||||||||||||
2010 |
0.25% | 120,544 | 8.409049 | 1,013,660 | 8.26% | 22.01% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio - Class I (MSVMG) | ||||||||||||||||||||||||||
2014 |
0.00% | 24,449 | $ | 18.053453 | $ | 441,389 | 0.00% | 1.97% | ||||||||||||||||||
2014 |
0.10% | 56,373 | 17.790475 | 1,002,902 | 0.00% | 1.87% | ||||||||||||||||||||
2014 |
0.20% | 181,537 | 17.531393 | 3,182,596 | 0.00% | 1.76% | ||||||||||||||||||||
2014 |
0.25% | 496,484 | 17.403302 | 8,640,461 | 0.00% | 1.71% | ||||||||||||||||||||
2013 |
0.00% | 26,706 | 17.705006 | 472,830 | 0.37% | 37.49% | ||||||||||||||||||||
2013 |
0.10% | 40,468 | 17.464563 | 706,756 | 0.37% | 37.35% | ||||||||||||||||||||
2013 |
0.20% | 174,382 | 17.227448 | 3,004,157 | 0.37% | 37.21% | ||||||||||||||||||||
2013 |
0.25% | 543,483 | 17.110132 | 9,299,066 | 0.37% | 37.14% | ||||||||||||||||||||
2012 |
0.00% | 23,806 | 12.877689 | 306,566 | 0.00% | 8.69% | ||||||||||||||||||||
2012 |
0.10% | 48,845 | 12.715499 | 621,089 | 0.00% | 8.58% | ||||||||||||||||||||
2012 |
0.20% | 192,237 | 12.555398 | 2,413,612 | 0.00% | 8.47% | ||||||||||||||||||||
2012 |
0.25% | 635,504 | 12.476126 | 7,928,628 | 0.00% | 8.42% | ||||||||||||||||||||
2011 |
0.00% | 25,089 | 11.847974 | 297,254 | 0.33% | -7.12% | ||||||||||||||||||||
2011 |
0.10% | 63,621 | 11.710491 | 745,033 | 0.33% | -7.21% | ||||||||||||||||||||
2011 |
0.20% | 309,678 | 11.574643 | 3,584,412 | 0.33% | -7.31% | ||||||||||||||||||||
2011 |
0.25% | 580,598 | 11.507335 | 6,681,136 | 0.33% | -7.35% | ||||||||||||||||||||
2010 |
0.00% | 4,677 | 12.756351 | 59,661 | 0.00% | 32.31% | ||||||||||||||||||||
2010 |
0.10% | 64,134 | 12.620906 | 809,429 | 0.00% | 32.18% | ||||||||||||||||||||
2010 |
0.20% | 61,988 | 12.486960 | 774,042 | 0.00% | 32.05% | ||||||||||||||||||||
2010 |
0.25% | 787,070 | 12.420541 | 9,775,835 | 0.00% | 31.98% | ||||||||||||||||||||
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG) | ||||||||||||||||||||||||||
2014 |
0.00% | 6,103 | 18.187389 | 110,998 | 0.00% | 6.36% | ||||||||||||||||||||
2014 |
0.20% | 5,814 | 17.925168 | 104,217 | 0.00% | 6.15% | ||||||||||||||||||||
2014 |
0.25% | 59,657 | 17.860156 | 1,065,483 | 0.00% | 6.09% | ||||||||||||||||||||
2013 |
0.00% | 3,341 | 17.099754 | 57,130 | 0.53% | 48.07% | ||||||||||||||||||||
2013 |
0.20% | 6,972 | 16.886950 | 117,736 | 0.53% | 47.78% | ||||||||||||||||||||
2013 |
0.25% | 82,697 | 16.834126 | 1,392,132 | 0.53% | 47.70% | ||||||||||||||||||||
2012 |
0.00% | 1,068 | 11.548298 | 12,334 | 0.00% | 14.38% | ||||||||||||||||||||
2012 |
0.20% | 8,437 | 11.427394 | 96,413 | 0.00% | 14.15% | ||||||||||||||||||||
2012 |
0.25% | 125,623 | 11.397332 | 1,431,767 | 0.00% | 14.09% | ||||||||||||||||||||
2011 |
0.00% | 4,822 | 10.096697 | 48,686 | 0.04% | -2.80% | ||||||||||||||||||||
2011 |
0.20% | 3,377 | 10.011033 | 33,807 | 0.04% | -2.99% | ||||||||||||||||||||
2011 |
0.25% | 66,787 | 9.989709 | 667,183 | 0.04% | -3.04% | ||||||||||||||||||||
2010 |
0.00% | 2,539 | 10.387395 | 26,374 | 0.16% | 22.86% | ||||||||||||||||||||
2010 |
0.20% | 2,940 | 10.319840 | 30,340 | 0.16% | 22.62% | ||||||||||||||||||||
2010 |
0.25% | 8,071 | 10.302995 | 83,155 | 0.16% | 22.55% | ||||||||||||||||||||
U.S. Real Estate Portfolio - Class I (MSVRE) | ||||||||||||||||||||||||||
2014 |
0.10% | 59,709 | 58.907321 | 3,517,297 | 1.39% | 29.59% | ||||||||||||||||||||
2014 |
0.20% | 32,267 | 47.496982 | 1,532,585 | 1.39% | 29.46% | ||||||||||||||||||||
2014 |
0.25% | 325,980 | 47.163617 | 15,374,396 | 1.39% | 29.40% | ||||||||||||||||||||
2013 |
0.10% | 49,656 | 45.456233 | 2,257,175 | 1.13% | 1.95% | ||||||||||||||||||||
2013 |
0.20% | 32,599 | 36.687985 | 1,195,992 | 1.13% | 1.85% | ||||||||||||||||||||
2013 |
0.25% | 371,524 | 36.448690 | 13,541,563 | 1.13% | 1.80% | ||||||||||||||||||||
2012 |
0.10% | 83,283 | 44.585930 | 3,713,250 | 0.84% | 15.72% | ||||||||||||||||||||
2012 |
0.20% | 167,696 | 36.021570 | 6,040,673 | 0.84% | 15.60% | ||||||||||||||||||||
2012 |
0.25% | 409,531 | 35.804517 | 14,663,060 | 0.84% | 15.55% | ||||||||||||||||||||
2011 |
0.10% | 101,526 | 38.529319 | 3,911,728 | 0.88% | 5.81% | ||||||||||||||||||||
2011 |
0.20% | 189,017 | 31.159562 | 5,889,687 | 0.88% | 5.71% | ||||||||||||||||||||
2011 |
0.25% | 472,847 | 30.987316 | 14,652,259 | 0.88% | 5.66% | ||||||||||||||||||||
2010 |
0.10% | 100,621 | 36.412421 | 3,663,854 | 2.31% | 29.83% | ||||||||||||||||||||
2010 |
0.25% | 555,658 | 29.328633 | 16,296,690 | 2.31% | 29.64% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
NVIT International Index Fund Class I (NVIX) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 319,484 | $ | 9.198938 | $ | 2,938,914 | 2.49% | -8.01% | 5/1/2014 | |||||||||||||||||||
2014 |
0.20% | 187,603 | 9.186635 | 1,723,440 | 2.49% | -8.13% | 5/1/2014 | |||||||||||||||||||||
2014 |
0.25% | 738,092 | 9.183562 | 6,778,314 | 2.49% | -8.16% | 5/1/2014 | |||||||||||||||||||||
NVIT Bond Index Fund Class I (NVBX) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 443,358 | 10.277970 | 4,556,820 | 3.92% | 2.78% | 5/1/2014 | |||||||||||||||||||||
2014 |
0.20% | 5,155,962 | 10.264234 | 52,922,000 | 3.92% | 2.64% | 5/1/2014 | |||||||||||||||||||||
2014 |
0.25% | 46,311 | 10.260803 | 475,188 | 3.92% | 2.61% | 5/1/2014 | |||||||||||||||||||||
NVIT Cardinal Managed Growth Class I (NCPG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 4,296 | 10.083558 | 43,319 | 3.21% | 0.84% | 5/1/2014 | |||||||||||||||||||||
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1 | 10.196266 | 10 | 2.52% | 1.96% | 5/1/2014 | |||||||||||||||||||||
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,667,165 | 24.546677 | 40,923,361 | 2.00% | 13.12% | ||||||||||||||||||||||
2013 |
0.00% | 1,832,139 | 21.699995 | 39,757,407 | 1.86% | 31.90% | ||||||||||||||||||||||
2012 |
0.00% | 1,980,422 | 16.452105 | 32,582,111 | 0.98% | 14.66% | ||||||||||||||||||||||
2011 |
0.00% | 2,222,487 | 14.348277 | 31,888,859 | 1.60% | 0.65% | ||||||||||||||||||||||
2010 |
0.00% | 2,641,103 | 14.256071 | 37,651,752 | 1.97% | 13.46% | ||||||||||||||||||||||
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 490,736 | 16.444935 | 8,070,122 | 0.95% | 4.99% | ||||||||||||||||||||||
2013 |
0.00% | 487,528 | 15.663250 | 7,636,273 | 1.31% | 23.28% | ||||||||||||||||||||||
2012 |
0.00% | 477,179 | 12.704984 | 6,062,552 | 1.36% | 15.72% | ||||||||||||||||||||||
2011 |
0.00% | 433,074 | 10.979437 | 4,754,909 | 1.37% | 0.93% | ||||||||||||||||||||||
2010 |
0.00% | 483,491 | 10.878393 | 5,259,605 | 1.49% | 12.02% | ||||||||||||||||||||||
American Funds NVIT Bond Fund - Class II (GVABD2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 117,093 | 13.196903 | 1,545,265 | 1.22% | 4.98% | ||||||||||||||||||||||
2013 |
0.00% | 122,305 | 12.571090 | 1,537,507 | 1.67% | -2.57% | ||||||||||||||||||||||
2012 |
0.00% | 158,000 | 12.903197 | 2,038,705 | 2.20% | 4.97% | ||||||||||||||||||||||
2011 |
0.00% | 174,797 | 12.292646 | 2,148,718 | 2.35% | 5.72% | ||||||||||||||||||||||
2010 |
0.00% | 229,234 | 11.627184 | 2,665,346 | 2.06% | 5.99% | ||||||||||||||||||||||
American Funds NVIT Global Growth Fund - Class II (GVAGG2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 375,662 | 17.393687 | 6,534,147 | 0.70% | 1.84% | ||||||||||||||||||||||
2013 |
0.00% | 394,540 | 17.080144 | 6,738,800 | 0.39% | 28.64% | ||||||||||||||||||||||
2012 |
0.00% | 374,929 | 13.277399 | 4,978,082 | 0.87% | 22.09% | ||||||||||||||||||||||
2011 |
0.00% | 426,331 | 10.875437 | 4,636,536 | 1.00% | -9.31% | ||||||||||||||||||||||
2010 |
0.00% | 473,561 | 11.991721 | 5,678,811 | 0.81% | 11.30% | ||||||||||||||||||||||
American Funds NVIT Growth Fund - Class II (GVAGR2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 582,797 | 16.633406 | 9,693,899 | 0.44% | 8.07% | ||||||||||||||||||||||
2013 |
0.00% | 660,438 | 15.391784 | 10,165,319 | 0.32% | 29.61% | ||||||||||||||||||||||
2012 |
0.00% | 656,818 | 11.875465 | 7,800,019 | 0.21% | 17.40% | ||||||||||||||||||||||
2011 |
0.00% | 786,500 | 10.115272 | 7,955,661 | 0.26% | -4.69% | ||||||||||||||||||||||
2010 |
0.00% | 773,203 | 10.612804 | 8,205,852 | 0.17% | 18.19% | ||||||||||||||||||||||
American Funds NVIT Growth-Income Fund - Class II (GVAGI2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 223,749 | 14.905501 | 3,335,091 | 0.79% | 10.23% | ||||||||||||||||||||||
2013 |
0.00% | 235,408 | 13.522509 | 3,183,307 | 0.98% | 32.97% | ||||||||||||||||||||||
2012 |
0.00% | 247,986 | 10.169772 | 2,521,961 | 1.05% | 17.06% | ||||||||||||||||||||||
2011 |
0.00% | 279,694 | 8.687464 | 2,429,832 | 0.99% | -2.24% | ||||||||||||||||||||||
2010 |
0.00% | 293,429 | 8.886120 | 2,607,445 | 0.96% | 10.97% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Federated NVIT High Income Bond Fund - Class I (HIBF) | ||||||||||||||||||||||||||
2014 |
0.00% | 494,739 | $ | 26.309492 | $ | 13,016,332 | 5.48% | 2.55% | ||||||||||||||||||
2014 |
0.10% | 53,100 | 23.627747 | 1,254,633 | 5.48% | 2.45% | ||||||||||||||||||||
2014 |
0.20% | 43,817 | 26.312407 | 1,152,931 | 5.48% | 2.35% | ||||||||||||||||||||
2014 |
0.25% | 224,498 | 26.127774 | 5,865,633 | 5.48% | 2.29% | ||||||||||||||||||||
2013 |
0.00% | 128,661 | 25.655193 | 3,300,823 | 6.14% | 7.07% | ||||||||||||||||||||
2013 |
0.10% | 36,676 | 23.063197 | 845,866 | 6.14% | 6.97% | ||||||||||||||||||||
2013 |
0.20% | 47,088 | 25.709396 | 1,210,604 | 6.14% | 6.86% | ||||||||||||||||||||
2013 |
0.25% | 467,044 | 25.541772 | 11,929,131 | 6.14% | 6.80% | ||||||||||||||||||||
2012 |
0.00% | 164,273 | 23.960670 | 3,936,091 | 8.24% | 14.56% | ||||||||||||||||||||
2012 |
0.10% | 100,719 | 21.561437 | 2,171,646 | 8.24% | 14.44% | ||||||||||||||||||||
2012 |
0.20% | 51,215 | 24.059374 | 1,232,201 | 8.24% | 14.33% | ||||||||||||||||||||
2012 |
0.25% | 574,902 | 23.914452 | 13,748,466 | 8.24% | 14.27% | ||||||||||||||||||||
2011 |
0.00% | 192,805 | 20.916000 | 4,032,709 | 8.22% | 3.82% | ||||||||||||||||||||
2011 |
0.10% | 94,398 | 18.840517 | 1,778,507 | 8.22% | 3.71% | ||||||||||||||||||||
2011 |
0.20% | 31,722 | 21.044304 | 667,567 | 8.22% | 3.61% | ||||||||||||||||||||
2011 |
0.25% | 618,849 | 20.928041 | 12,951,297 | 8.22% | 3.56% | ||||||||||||||||||||
2010 |
0.00% | 217,797 | 20.146924 | 4,387,940 | 8.65% | 13.15% | ||||||||||||||||||||
2010 |
0.10% | 96,568 | 18.165863 | 1,754,241 | 8.65% | 13.04% | ||||||||||||||||||||
2010 |
0.20% | 97,797 | 20.310994 | 1,986,354 | 8.65% | 12.93% | ||||||||||||||||||||
2010 |
0.25% | 722,680 | 20.208859 | 14,604,538 | 8.65% | 12.87% | ||||||||||||||||||||
NVIT Emerging Markets Fund - Class I (GEM) | ||||||||||||||||||||||||||
2014 |
0.00% | 358,435 | 25.608009 | 9,178,807 | 1.22% | -5.51% | ||||||||||||||||||||
2014 |
0.10% | 56,025 | 25.245709 | 1,414,391 | 1.22% | -5.60% | ||||||||||||||||||||
2014 |
0.20% | 5,527 | 24.888440 | 137,558 | 1.22% | -5.69% | ||||||||||||||||||||
2014 |
0.25% | 137,441 | 24.711758 | 3,396,409 | 1.22% | -5.74% | ||||||||||||||||||||
2013 |
0.00% | 63,515 | 27.100074 | 1,721,261 | 1.10% | 0.75% | ||||||||||||||||||||
2013 |
0.10% | 59,951 | 26.743408 | 1,603,294 | 1.10% | 0.65% | ||||||||||||||||||||
2013 |
0.20% | 36,400 | 26.391340 | 960,645 | 1.10% | 0.54% | ||||||||||||||||||||
2013 |
0.25% | 188,020 | 26.217108 | 4,929,341 | 1.10% | 0.49% | ||||||||||||||||||||
2012 |
0.00% | 72,637 | 26.899413 | 1,953,893 | 0.50% | 17.22% | ||||||||||||||||||||
2012 |
0.10% | 100,722 | 26.571947 | 2,676,380 | 0.50% | 17.10% | ||||||||||||||||||||
2012 |
0.20% | 47,858 | 26.248380 | 1,256,195 | 0.50% | 16.98% | ||||||||||||||||||||
2012 |
0.25% | 221,809 | 26.088139 | 5,786,584 | 0.50% | 16.92% | ||||||||||||||||||||
2011 |
0.00% | 86,175 | 22.948246 | 1,977,565 | 0.51% | -22.37% | ||||||||||||||||||||
2011 |
0.10% | 135,864 | 22.691603 | 3,082,972 | 0.51% | -22.45% | ||||||||||||||||||||
2011 |
0.20% | 37,968 | 22.437772 | 851,917 | 0.51% | -22.53% | ||||||||||||||||||||
2011 |
0.25% | 208,036 | 22.311980 | 4,641,695 | 0.51% | -22.57% | ||||||||||||||||||||
2010 |
0.00% | 108,618 | 29.562687 | 3,211,040 | 0.06% | 16.17% | ||||||||||||||||||||
2010 |
0.10% | 142,172 | 29.261305 | 4,160,138 | 0.06% | 16.06% | ||||||||||||||||||||
2010 |
0.20% | 338,600 | 28.962911 | 9,806,842 | 0.06% | 15.94% | ||||||||||||||||||||
2010 |
0.25% | 366,617 | 28.814934 | 10,564,045 | 0.06% | 15.88% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT International Equity Fund - Class I (GIG) | ||||||||||||||||||||||||||
2014 |
0.00% | 602,146 | $ | 16.566460 | $ | 9,975,428 | 3.56% | -0.45% | ||||||||||||||||||
2014 |
0.10% | 90,986 | 16.332055 | 1,485,988 | 3.56% | -0.55% | ||||||||||||||||||||
2014 |
0.20% | 60,911 | 16.101032 | 980,730 | 3.56% | -0.65% | ||||||||||||||||||||
2014 |
0.25% | 206,679 | 15.986719 | 3,304,119 | 3.56% | -0.70% | ||||||||||||||||||||
2013 |
0.00% | 364,085 | 16.641029 | 6,058,666 | 0.54% | 17.83% | ||||||||||||||||||||
2013 |
0.10% | 87,333 | 16.421986 | 1,434,181 | 0.54% | 17.71% | ||||||||||||||||||||
2013 |
0.20% | 38,703 | 16.205894 | 627,217 | 0.54% | 17.60% | ||||||||||||||||||||
2013 |
0.25% | 306,552 | 16.098886 | 4,935,146 | 0.54% | 17.54% | ||||||||||||||||||||
2012 |
0.00% | 399,009 | 14.122631 | 5,635,057 | 0.87% | 15.61% | ||||||||||||||||||||
2012 |
0.10% | 105,286 | 13.950678 | 1,468,811 | 0.87% | 15.49% | ||||||||||||||||||||
2012 |
0.20% | 23,573 | 13.780870 | 324,856 | 0.87% | 15.38% | ||||||||||||||||||||
2012 |
0.25% | 230,188 | 13.696713 | 3,152,819 | 0.87% | 15.32% | ||||||||||||||||||||
2011 |
0.00% | 402,975 | 12.216006 | 4,922,745 | 1.35% | -9.76% | ||||||||||||||||||||
2011 |
0.10% | 146,364 | 12.079365 | 1,767,984 | 1.35% | -9.85% | ||||||||||||||||||||
2011 |
0.20% | 21,256 | 11.944297 | 253,888 | 1.35% | -9.94% | ||||||||||||||||||||
2011 |
0.25% | 211,674 | 11.877298 | 2,514,115 | 1.35% | -9.99% | ||||||||||||||||||||
2010 |
0.00% | 263,475 | 13.537857 | 3,566,887 | 0.95% | 13.29% | ||||||||||||||||||||
2010 |
0.10% | 80,397 | 13.399813 | 1,077,305 | 0.95% | 13.18% | ||||||||||||||||||||
2010 |
0.20% | 5,187 | 13.263217 | 68,796 | 0.95% | 13.06% | ||||||||||||||||||||
2010 |
0.25% | 68,531 | 13.195400 | 904,294 | 0.95% | 13.01% | ||||||||||||||||||||
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6) | ||||||||||||||||||||||||||
2014 |
0.00% | 25,389 | 9.752483 | 247,606 | 3.79% | -0.72% | ||||||||||||||||||||
2013 |
0.00% | 27,530 | 9.823149 | 270,431 | 0.53% | 17.56% | ||||||||||||||||||||
2012 |
0.00% | 29,454 | 8.355696 | 246,109 | 0.52% | 15.23% | ||||||||||||||||||||
2011 |
0.00% | 48,864 | 7.251572 | 354,341 | 0.92% | -10.00% | ||||||||||||||||||||
2010 |
0.00% | 79,753 | 8.057227 | 642,588 | 0.98% | 13.00% | ||||||||||||||||||||
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,156,523 | 14.520984 | 16,793,852 | 0.89% | 6.60% | ||||||||||||||||||||
2013 |
0.00% | 1,264,376 | 13.621982 | 17,223,307 | 1.05% | 43.82% | ||||||||||||||||||||
2012 |
0.00% | 1,373,296 | 9.471654 | 13,007,385 | 1.47% | 16.94% | ||||||||||||||||||||
2011 |
0.00% | 1,522,830 | 8.099461 | 12,334,102 | 0.57% | -11.62% | ||||||||||||||||||||
2010 |
0.00% | 1,705,119 | 9.164158 | 15,625,980 | 0.21% | 15.61% | ||||||||||||||||||||
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1) | ||||||||||||||||||||||||||
2014 |
0.00% | 20,963 | 16.639955 | 348,823 | 0.40% | 10.60% | ||||||||||||||||||||
2013 |
0.00% | 63,496 | 15.044832 | 955,287 | 1.00% | 38.77% | ||||||||||||||||||||
2012 |
0.00% | 26,852 | 10.841924 | 291,127 | 0.88% | 11.50% | ||||||||||||||||||||
2011 |
0.00% | 59,405 | 9.723793 | 577,642 | 0.72% | -3.18% | ||||||||||||||||||||
2010 |
0.00% | 25,390 | 10.043115 | 254,995 | 0.89% | 23.58% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Cardinal Aggressive Fund - Class I (NVCRA1) | ||||||||||||||||||||||||||
2014 |
0.00% | 291,687 | $ | 14.089818 | $ | 4,109,817 | 2.30% | 4.48% | ||||||||||||||||||
2014 |
0.20% | 192 | 21.739366 | 4,174 | 2.30% | 4.27% | ||||||||||||||||||||
2014 |
0.25% | 2,223 | 21.677860 | 48,190 | 2.30% | 4.21% | ||||||||||||||||||||
2013 |
0.00% | 260,801 | 13.486224 | 3,517,221 | 1.43% | 29.65% | ||||||||||||||||||||
2013 |
0.20% | 536 | 20.849732 | 11,175 | 1.43% | 29.39% | ||||||||||||||||||||
2013 |
0.25% | 639 | 20.801156 | 13,292 | 1.43% | 29.32% | ||||||||||||||||||||
2012 |
0.00% | 213,197 | 10.402170 | 2,217,711 | 1.16% | 16.22% | ||||||||||||||||||||
2012 |
0.20% | 76 | 16.113951 | 1,225 | 1.16% | 15.99% | ||||||||||||||||||||
2012 |
0.25% | 104 | 16.084433 | 1,673 | 1.16% | 15.93% | ||||||||||||||||||||
2011 |
0.00% | 181,560 | 8.950086 | 1,624,978 | 2.09% | -6.19% | ||||||||||||||||||||
2011 |
0.20% | 10 | 13.892348 | 139 | 2.09% | -6.37% | ||||||||||||||||||||
2011 |
0.25% | 202 | 13.873846 | 2,803 | 2.09% | -6.42% | ||||||||||||||||||||
2010 |
0.00% | 85,305 | 9.540229 | 813,829 | 0.40% | 15.00% | ||||||||||||||||||||
2010 |
0.20% | 3 | 14.837971 | 45 | 0.40% | 14.77% | ||||||||||||||||||||
2010 |
0.25% | 438 | 14.825611 | 6,494 | 0.40% | 14.71% | ||||||||||||||||||||
NVIT Cardinal Balanced Fund - Class I (NVCRB1) | ||||||||||||||||||||||||||
2014 |
0.00% | 530,422 | 13.947302 | 7,397,956 | 2.41% | 4.46% | ||||||||||||||||||||
2014 |
0.10% | 9,676,754 | 17.055519 | 165,042,062 | 2.41% | 4.36% | ||||||||||||||||||||
2014 |
0.25% | 17,462 | 16.911187 | 295,303 | 2.41% | 4.20% | ||||||||||||||||||||
2013 |
0.00% | 409,479 | 13.351426 | 5,467,129 | 1.74% | 14.72% | ||||||||||||||||||||
2013 |
0.10% | 9,799,660 | 16.343180 | 160,157,607 | 1.74% | 14.60% | ||||||||||||||||||||
2012 |
0.00% | 345,977 | 11.638522 | 4,026,661 | 1.58% | 11.24% | ||||||||||||||||||||
2012 |
0.10% | 9,918,231 | 14.260689 | 141,440,808 | 1.58% | 11.13% | ||||||||||||||||||||
2011 |
0.00% | 273,343 | 10.462826 | 2,859,940 | 2.55% | -1.26% | ||||||||||||||||||||
2011 |
0.10% | 10,039,458 | 12.832969 | 128,836,053 | 2.55% | -1.36% | ||||||||||||||||||||
2010 |
0.00% | 171,673 | 10.596561 | 1,819,143 | 0.04% | 10.46% | ||||||||||||||||||||
2010 |
0.10% | 10,172,685 | 13.009970 | 132,346,327 | 0.04% | 10.35% | ||||||||||||||||||||
2010 |
0.20% | 7 | 12.988326 | 91 | 0.04% | 10.24% | ||||||||||||||||||||
2010 |
0.25% | 50 | 12.977497 | 649 | 0.04% | 10.18% | ||||||||||||||||||||
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1) | ||||||||||||||||||||||||||
2014 |
0.00% | 496,154 | 14.183683 | 7,037,291 | 2.52% | 4.70% | ||||||||||||||||||||
2014 |
0.25% | 6,154 | 19.080050 | 117,419 | 2.52% | 4.44% | ||||||||||||||||||||
2013 |
0.00% | 502,970 | 13.546578 | 6,813,522 | 1.76% | 21.44% | ||||||||||||||||||||
2013 |
0.25% | 2,966 | 18.268625 | 54,185 | 1.76% | 21.14% | ||||||||||||||||||||
2012 |
0.00% | 417,509 | 11.154725 | 4,657,198 | 1.55% | 13.74% | ||||||||||||||||||||
2011 |
0.00% | 353,307 | 9.807509 | 3,465,062 | 2.31% | -3.37% | ||||||||||||||||||||
2011 |
0.20% | 7 | 13.310277 | 93 | 2.31% | -3.56% | ||||||||||||||||||||
2011 |
0.25% | 8 | 13.292549 | 106 | 2.31% | -3.61% | ||||||||||||||||||||
2010 |
0.00% | 366,215 | 10.149086 | 3,716,748 | 0.64% | 12.46% | ||||||||||||||||||||
2010 |
0.20% | 2 | 13.801379 | 28 | 0.64% | 12.23% | ||||||||||||||||||||
2010 |
0.25% | 14 | 13.789878 | 193 | 0.64% | 12.17% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Cardinal Conservative Fund - Class I (NVCCN1) | ||||||||||||||||||||||||||
2014 |
0.00% | 403,620 | $ | 13.120260 | $ | 5,295,599 | 2.33% | 3.42% | ||||||||||||||||||
2014 |
0.20% | 14,273 | 13.844008 | 197,596 | 2.33% | 3.21% | ||||||||||||||||||||
2014 |
0.25% | 523 | 13.804832 | 7,220 | 2.33% | 3.16% | ||||||||||||||||||||
2013 |
0.00% | 343,843 | 12.686282 | 4,362,089 | 1.92% | 5.03% | ||||||||||||||||||||
2013 |
0.20% | 13,445 | 13.412895 | 180,336 | 1.92% | 4.82% | ||||||||||||||||||||
2013 |
0.25% | 178 | 13.381633 | 2,382 | 1.92% | 4.77% | ||||||||||||||||||||
2012 |
0.00% | 375,872 | 12.078891 | 4,540,117 | 2.04% | 7.58% | ||||||||||||||||||||
2012 |
0.20% | 317 | 12.796286 | 4,056 | 2.04% | 7.36% | ||||||||||||||||||||
2012 |
0.25% | 99 | 12.772842 | 1,265 | 2.04% | 7.31% | ||||||||||||||||||||
2011 |
0.00% | 244,720 | 11.227964 | 2,747,707 | 2.65% | 1.50% | ||||||||||||||||||||
2011 |
0.20% | 223 | 11.918680 | 2,658 | 2.65% | 1.30% | ||||||||||||||||||||
2010 |
0.00% | 132,942 | 11.062310 | 1,470,646 | 1.26% | 6.87% | ||||||||||||||||||||
2010 |
0.20% | 107 | 11.766279 | 1,259 | 1.26% | 6.65% | ||||||||||||||||||||
2010 |
0.25% | 10 | 11.756479 | 118 | 1.26% | 6.60% | ||||||||||||||||||||
NVIT Cardinal Moderate Fund - Class I (NVCMD1) | ||||||||||||||||||||||||||
2014 |
0.00% | 525,002 | 14.072360 | 7,388,017 | 2.58% | 4.66% | ||||||||||||||||||||
2014 |
0.20% | 142 | 18.013284 | 2,558 | 2.58% | 4.45% | ||||||||||||||||||||
2014 |
0.25% | 1,908 | 17.962322 | 34,272 | 2.58% | 4.40% | ||||||||||||||||||||
2013 |
0.00% | 465,059 | 13.446120 | 6,253,239 | 1.68% | 17.98% | ||||||||||||||||||||
2013 |
0.20% | 48 | 17.246137 | 828 | 1.68% | 17.74% | ||||||||||||||||||||
2013 |
0.25% | 125 | 17.205926 | 2,151 | 1.68% | 17.68% | ||||||||||||||||||||
2012 |
0.00% | 489,603 | 11.397169 | 5,580,088 | 1.47% | 12.45% | ||||||||||||||||||||
2011 |
0.00% | 534,729 | 10.135390 | 5,419,687 | 2.45% | -2.25% | ||||||||||||||||||||
2011 |
0.25% | 8 | 13.034508 | 104 | 2.45% | -2.49% | ||||||||||||||||||||
2010 |
0.00% | 346,937 | 10.368348 | 3,597,164 | 0.93% | 11.42% | ||||||||||||||||||||
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1) | ||||||||||||||||||||||||||
2014 |
0.00% | 492,402 | 14.122912 | 6,954,150 | 2.54% | 4.66% | ||||||||||||||||||||
2014 |
0.20% | 772 | 20.116383 | 15,530 | 2.54% | 4.45% | ||||||||||||||||||||
2014 |
0.25% | 7,612 | 20.059477 | 152,693 | 2.54% | 4.40% | ||||||||||||||||||||
2013 |
0.00% | 538,407 | 13.494322 | 7,265,437 | 1.65% | 24.35% | ||||||||||||||||||||
2013 |
0.20% | 38 | 19.259520 | 732 | 1.65% | 24.11% | ||||||||||||||||||||
2013 |
0.25% | 1,287 | 19.214638 | 24,729 | 1.65% | 24.04% | ||||||||||||||||||||
2012 |
0.00% | 475,205 | 10.851463 | 5,156,669 | 1.27% | 14.67% | ||||||||||||||||||||
2012 |
0.20% | 29 | 15.518526 | 450 | 1.27% | 14.44% | ||||||||||||||||||||
2012 |
0.25% | 32 | 15.490103 | 496 | 1.27% | 14.38% | ||||||||||||||||||||
2011 |
0.00% | 513,993 | 9.463303 | 4,864,071 | 2.42% | -4.57% | ||||||||||||||||||||
2011 |
0.20% | 31 | 13.560483 | 420 | 2.42% | -4.76% | ||||||||||||||||||||
2011 |
0.25% | 35 | 13.542423 | 474 | 2.42% | -4.81% | ||||||||||||||||||||
2010 |
0.00% | 486,915 | 9.916957 | 4,828,715 | 0.73% | 13.50% | ||||||||||||||||||||
2010 |
0.20% | 8 | 14.238938 | 114 | 0.73% | 13.27% | ||||||||||||||||||||
2010 |
0.25% | 224 | 14.227081 | 3,187 | 0.73% | 13.21% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1) | ||||||||||||||||||||||||||
2014 |
0.00% | 243,977 | $ | 13.718708 | $ | 3,347,049 | 2.59% | 4.17% | ||||||||||||||||||
2014 |
0.20% | 9,063 | 15.887922 | 143,992 | 2.59% | 3.96% | ||||||||||||||||||||
2014 |
0.25% | 21,867 | 15.842970 | 346,438 | 2.59% | 3.91% | ||||||||||||||||||||
2013 |
0.00% | 210,016 | 13.169178 | 2,765,738 | 2.10% | 11.33% | ||||||||||||||||||||
2013 |
0.20% | 3,323 | 15.282040 | 50,782 | 2.10% | 11.11% | ||||||||||||||||||||
2013 |
0.25% | 20,825 | 15.246428 | 317,507 | 2.10% | 11.05% | ||||||||||||||||||||
2012 |
0.00% | 151,616 | 11.828808 | 1,793,437 | 1.97% | 10.13% | ||||||||||||||||||||
2012 |
0.20% | 2,766 | 13.754085 | 38,044 | 1.97% | 9.91% | ||||||||||||||||||||
2012 |
0.25% | 13,974 | 13.728890 | 191,848 | 1.97% | 9.86% | ||||||||||||||||||||
2011 |
0.00% | 114,210 | 10.740467 | 1,226,669 | 2.52% | -0.28% | ||||||||||||||||||||
2011 |
0.20% | 665 | 12.513661 | 8,322 | 2.52% | -0.48% | ||||||||||||||||||||
2010 |
0.00% | 102,837 | 10.770841 | 1,107,641 | 1.12% | 9.31% | ||||||||||||||||||||
2010 |
0.20% | 424 | 12.574113 | 5,331 | 1.12% | 9.10% | ||||||||||||||||||||
2010 |
0.25% | 38 | 12.563636 | 477 | 1.12% | 9.04% | ||||||||||||||||||||
NVIT Core Bond Fund - Class I (NVCBD1) | ||||||||||||||||||||||||||
2014 |
0.00% | 72,271 | 13.708553 | 990,731 | 3.25% | 5.06% | ||||||||||||||||||||
2013 |
0.00% | 65,876 | 13.048920 | 859,611 | 2.38% | -1.91% | ||||||||||||||||||||
2012 |
0.00% | 72,492 | 13.303193 | 964,375 | 3.01% | 7.75% | ||||||||||||||||||||
2011 |
0.00% | 80,629 | 12.345910 | 995,438 | 3.32% | 6.59% | ||||||||||||||||||||
2010 |
0.00% | 59,061 | 11.582155 | 684,054 | 2.81% | 7.06% | ||||||||||||||||||||
NVIT Core Plus Bond Fund - Class I (NVLCP1) | ||||||||||||||||||||||||||
2014 |
0.00% | 165,785 | 14.821038 | 2,457,106 | 2.41% | 5.09% | ||||||||||||||||||||
2013 |
0.00% | 68,382 | 14.103213 | 964,406 | 2.14% | -1.77% | ||||||||||||||||||||
2012 |
0.00% | 88,003 | 14.357681 | 1,263,519 | 3.10% | 7.38% | ||||||||||||||||||||
2011 |
0.00% | 35,901 | 13.370773 | 480,024 | 2.56% | 6.37% | ||||||||||||||||||||
2010 |
0.00% | 18,485 | 12.569892 | 232,354 | 2.49% | 8.35% | ||||||||||||||||||||
NVIT Nationwide Fund - Class I (TRF) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,650,623 | 23.498134 | 38,786,560 | 1.18% | 12.15% | ||||||||||||||||||||
2014 |
0.10% | 3,872,860 | 19.209740 | 74,396,634 | 1.18% | 12.04% | ||||||||||||||||||||
2014 |
0.25% | 11,608 | 18.466505 | 214,359 | 1.18% | 11.87% | ||||||||||||||||||||
2013 |
0.00% | 1,734,648 | 20.952837 | 36,345,797 | 1.36% | 31.10% | ||||||||||||||||||||
2013 |
0.10% | 3,480,031 | 17.146101 | 59,668,963 | 1.36% | 30.97% | ||||||||||||||||||||
2013 |
0.25% | 20,745 | 16.507449 | 342,447 | 1.36% | 30.77% | ||||||||||||||||||||
2012 |
0.00% | 1,864,535 | 15.982186 | 29,799,345 | 1.42% | 14.21% | ||||||||||||||||||||
2012 |
0.10% | 3,747,612 | 13.091593 | 49,062,211 | 1.42% | 14.10% | ||||||||||||||||||||
2012 |
0.20% | 2,665 | 12.699413 | 33,844 | 1.42% | 13.99% | ||||||||||||||||||||
2012 |
0.25% | 15,896 | 12.622880 | 200,653 | 1.42% | 13.93% | ||||||||||||||||||||
2011 |
0.00% | 2,024,151 | 13.993147 | 28,324,242 | 1.15% | 0.53% | ||||||||||||||||||||
2011 |
0.10% | 4,619,387 | 11.473793 | 53,001,890 | 1.15% | 0.43% | ||||||||||||||||||||
2011 |
0.20% | 3,750 | 11.141231 | 41,780 | 1.15% | 0.33% | ||||||||||||||||||||
2011 |
0.25% | 19,700 | 11.079648 | 218,269 | 1.15% | 0.28% | ||||||||||||||||||||
2010 |
0.00% | 2,208,854 | 13.919537 | 30,746,225 | 0.79% | 13.45% | ||||||||||||||||||||
2010 |
0.10% | 4,747,522 | 11.424837 | 54,239,665 | 0.79% | 13.34% | ||||||||||||||||||||
2010 |
0.20% | 58,071 | 11.104765 | 644,865 | 0.79% | 13.22% | ||||||||||||||||||||
2010 |
0.25% | 30,679 | 11.048893 | 338,969 | 0.79% | 13.17% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Government Bond Fund - Class I (GBF) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,213,618 | $ | 22.055640 | $ | 26,767,122 | 1.84% | 4.57% | ||||||||||||||||||
2014 |
0.10% | 84,462 | 20.206888 | 1,706,714 | 1.84% | 4.46% | ||||||||||||||||||||
2014 |
0.20% | 718,600 | 18.255441 | 13,118,360 | 1.84% | 4.36% | ||||||||||||||||||||
2014 |
0.25% | 1,221,280 | 18.127386 | 22,138,614 | 1.84% | 4.31% | ||||||||||||||||||||
2013 |
0.00% | 1,336,944 | 21.091950 | 28,198,756 | 1.58% | -4.06% | ||||||||||||||||||||
2013 |
0.10% | 890,350 | 19.343317 | 17,222,322 | 1.58% | -4.15% | ||||||||||||||||||||
2013 |
0.20% | 816,538 | 17.492749 | 14,283,494 | 1.58% | -4.25% | ||||||||||||||||||||
2013 |
0.25% | 1,634,584 | 17.378731 | 28,406,996 | 1.58% | -4.29% | ||||||||||||||||||||
2012 |
0.00% | 1,674,246 | 21.983438 | 36,805,683 | 2.29% | 3.06% | ||||||||||||||||||||
2012 |
0.10% | 909,849 | 20.181071 | 18,361,727 | 2.29% | 2.95% | ||||||||||||||||||||
2012 |
0.20% | 1,212,740 | 18.268614 | 22,155,079 | 2.29% | 2.85% | ||||||||||||||||||||
2012 |
0.25% | 3,051,816 | 18.158617 | 55,416,758 | 2.29% | 2.80% | ||||||||||||||||||||
2011 |
0.00% | 1,713,711 | 21.331346 | 36,555,762 | 2.95% | 7.25% | ||||||||||||||||||||
2011 |
0.10% | 177,033 | 19.602079 | 3,470,215 | 2.95% | 7.15% | ||||||||||||||||||||
2011 |
0.20% | 1,225,833 | 17.762299 | 21,773,612 | 2.95% | 7.04% | ||||||||||||||||||||
2011 |
0.25% | 3,176,064 | 17.664198 | 56,102,623 | 2.95% | 6.99% | ||||||||||||||||||||
2010 |
0.00% | 1,970,073 | 19.888530 | 39,181,856 | 2.91% | 4.78% | ||||||||||||||||||||
2010 |
0.10% | 179,088 | 18.294455 | 3,276,317 | 2.91% | 4.68% | ||||||||||||||||||||
2010 |
0.20% | 1,247,423 | 16.593936 | 20,699,657 | 2.91% | 4.57% | ||||||||||||||||||||
2010 |
0.25% | 3,252,714 | 16.510521 | 53,704,003 | 2.91% | 4.52% | ||||||||||||||||||||
American Century NVIT Growth Fund - Class I (CAF) | ||||||||||||||||||||||||||
2014 |
0.00% | 981,320 | 15.791950 | 15,496,956 | 0.35% | 11.33% | ||||||||||||||||||||
2014 |
0.10% | 80,858 | 11.846425 | 957,878 | 0.35% | 11.22% | ||||||||||||||||||||
2014 |
0.20% | 32,508 | 15.073515 | 490,010 | 0.35% | 11.11% | ||||||||||||||||||||
2014 |
0.25% | 4,658 | 14.967679 | 69,719 | 0.35% | 11.05% | ||||||||||||||||||||
2013 |
0.00% | 1,067,343 | 14.184902 | 15,140,156 | 0.68% | 29.74% | ||||||||||||||||||||
2013 |
0.10% | 89,080 | 10.651528 | 948,838 | 0.68% | 29.61% | ||||||||||||||||||||
2013 |
0.20% | 32,019 | 13.566675 | 434,391 | 0.68% | 29.48% | ||||||||||||||||||||
2013 |
0.25% | 4,807 | 13.478153 | 64,789 | 0.68% | 29.42% | ||||||||||||||||||||
2012 |
0.00% | 1,163,480 | 10.933376 | 12,720,764 | 0.56% | 14.02% | ||||||||||||||||||||
2012 |
0.10% | 107,268 | 8.218140 | 881,543 | 0.56% | 13.91% | ||||||||||||||||||||
2012 |
0.20% | 27,007 | 10.477780 | 282,973 | 0.56% | 13.79% | ||||||||||||||||||||
2012 |
0.25% | 7,147 | 10.414612 | 74,433 | 0.56% | 13.74% | ||||||||||||||||||||
2011 |
0.00% | 1,203,204 | 9.588872 | 11,537,369 | 0.58% | -0.69% | ||||||||||||||||||||
2011 |
0.10% | 127,078 | 7.214766 | 916,838 | 0.58% | -0.79% | ||||||||||||||||||||
2011 |
0.20% | 25,516 | 9.207740 | 234,945 | 0.58% | -0.89% | ||||||||||||||||||||
2011 |
0.25% | 5,000 | 9.156818 | 45,784 | 0.58% | -0.94% | ||||||||||||||||||||
2010 |
0.00% | 1,313,922 | 9.655570 | 12,686,666 | 0.62% | 19.25% | ||||||||||||||||||||
2010 |
0.10% | 114,797 | 7.272204 | 834,827 | 0.62% | 19.13% | ||||||||||||||||||||
2010 |
0.20% | 21,579 | 9.290303 | 200,475 | 0.62% | 19.01% | ||||||||||||||||||||
2010 |
0.25% | 5,239 | 9.243540 | 48,427 | 0.62% | 18.95% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT International Index Fund - Class II (GVIX2) | ||||||||||||||||||||||||||
2014 |
0.00% | 222,311 | $ | 9.375800 | $ | 2,084,343 | 2.77% | -6.12% | ||||||||||||||||||
2014 |
0.20% | 23,168 | 9.233042 | 213,911 | 2.77% | -6.31% | ||||||||||||||||||||
2014 |
0.25% | 123,081 | 9.197726 | 1,132,065 | 2.77% | -6.36% | ||||||||||||||||||||
2013 |
0.00% | 268,735 | 9.987487 | 2,683,987 | 3.02% | 21.36% | ||||||||||||||||||||
2013 |
0.20% | 56,128 | 9.855117 | 553,148 | 3.02% | 21.12% | ||||||||||||||||||||
2013 |
0.25% | 706,807 | 9.822334 | 6,942,494 | 3.02% | 21.06% | ||||||||||||||||||||
2012 |
0.00% | 194,912 | 8.229456 | 1,604,020 | 2.39% | 18.29% | ||||||||||||||||||||
2012 |
0.20% | 32,518 | 8.136631 | 264,587 | 2.39% | 18.05% | ||||||||||||||||||||
2012 |
0.25% | 714,474 | 8.113620 | 5,796,971 | 2.39% | 17.99% | ||||||||||||||||||||
2011 |
0.00% | 130,671 | 6.957271 | 909,114 | 2.62% | -12.72% | ||||||||||||||||||||
2011 |
0.20% | 8,251 | 6.892598 | 56,871 | 2.62% | -12.89% | ||||||||||||||||||||
2011 |
0.25% | 907,509 | 6.876547 | 6,240,528 | 2.62% | -12.94% | ||||||||||||||||||||
2010 |
0.00% | 52,697 | 7.971131 | 420,055 | 2.29% | 7.52% | ||||||||||||||||||||
2010 |
0.20% | 7,211 | 7.912838 | 57,059 | 2.29% | 7.30% | ||||||||||||||||||||
2010 |
0.25% | 772,390 | 7.898348 | 6,100,605 | 2.29% | 7.25% | ||||||||||||||||||||
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA) | ||||||||||||||||||||||||||
2014 |
0.00% | 799,256 | 22.936445 | 18,332,091 | 1.57% | 4.99% | ||||||||||||||||||||
2014 |
0.10% | 126,953 | 22.641744 | 2,874,437 | 1.57% | 4.88% | ||||||||||||||||||||
2014 |
0.20% | 87,812 | 22.350869 | 1,962,675 | 1.57% | 4.78% | ||||||||||||||||||||
2014 |
0.25% | 59,852 | 22.206782 | 1,329,120 | 1.57% | 4.72% | ||||||||||||||||||||
2013 |
0.00% | 949,387 | 21.847269 | 20,741,513 | 1.70% | 27.25% | ||||||||||||||||||||
2013 |
0.10% | 139,994 | 21.588139 | 3,022,210 | 1.70% | 27.12% | ||||||||||||||||||||
2013 |
0.20% | 93,168 | 21.332126 | 1,987,472 | 1.70% | 26.99% | ||||||||||||||||||||
2013 |
0.25% | 91,665 | 21.205202 | 1,943,775 | 1.70% | 26.93% | ||||||||||||||||||||
2012 |
0.00% | 970,552 | 17.169227 | 16,663,628 | 1.41% | 15.90% | ||||||||||||||||||||
2012 |
0.10% | 128,197 | 16.982548 | 2,177,112 | 1.41% | 15.79% | ||||||||||||||||||||
2012 |
0.20% | 90,669 | 16.797930 | 1,523,052 | 1.41% | 15.67% | ||||||||||||||||||||
2012 |
0.25% | 92,309 | 16.706332 | 1,542,145 | 1.41% | 15.61% | ||||||||||||||||||||
2011 |
0.00% | 1,230,015 | 14.813448 | 18,220,763 | 1.80% | -3.93% | ||||||||||||||||||||
2011 |
0.10% | 162,340 | 14.667084 | 2,381,054 | 1.80% | -4.03% | ||||||||||||||||||||
2011 |
0.20% | 83,626 | 14.522177 | 1,214,432 | 1.80% | -4.12% | ||||||||||||||||||||
2011 |
0.25% | 137,252 | 14.450227 | 1,983,323 | 1.80% | -4.17% | ||||||||||||||||||||
2010 |
0.00% | 1,251,096 | 15.419576 | 19,291,370 | 1.71% | 14.63% | ||||||||||||||||||||
2010 |
0.10% | 160,260 | 15.282480 | 2,449,170 | 1.71% | 14.51% | ||||||||||||||||||||
2010 |
0.20% | 121,836 | 15.146603 | 1,845,402 | 1.71% | 14.40% | ||||||||||||||||||||
2010 |
0.25% | 289,316 | 15.079089 | 4,362,622 | 1.71% | 14.34% | ||||||||||||||||||||
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2) | ||||||||||||||||||||||||||
2014 |
0.00% | 117,578 | 16.733256 | 1,967,463 | 1.72% | 4.59% | ||||||||||||||||||||
2013 |
0.00% | 109,004 | 15.999643 | 1,744,025 | 1.76% | 13.42% | ||||||||||||||||||||
2012 |
0.00% | 101,106 | 14.106085 | 1,426,210 | 2.24% | 9.39% | ||||||||||||||||||||
2011 |
0.00% | 12,871 | 12.895684 | 165,980 | 2.25% | 0.88% | ||||||||||||||||||||
2010 |
0.00% | 7,276 | 12.782641 | 93,006 | 1.26% | 9.81% | ||||||||||||||||||||
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2) | ||||||||||||||||||||||||||
2014 |
0.00% | 34,838 | 19.114689 | 665,918 | 2.15% | 5.21% | ||||||||||||||||||||
2013 |
0.00% | 16,580 | 18.167791 | 301,222 | 1.53% | 19.49% | ||||||||||||||||||||
2012 |
0.00% | 23,052 | 15.203946 | 350,481 | 1.85% | 12.25% | ||||||||||||||||||||
2011 |
0.00% | 20,856 | 13.544740 | 282,489 | 2.08% | -0.94% | ||||||||||||||||||||
2010 |
0.00% | 9,246 | 13.672666 | 126,417 | 0.96% | 12.03% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Investor Destinations Conservative Fund - Class II (GVIDC) | ||||||||||||||||||||||||||
2014 |
0.00% | 474,185 | $ | 16.788858 | $ | 7,961,025 | 1.88% | 3.89% | ||||||||||||||||||
2014 |
0.10% | 4,299 | 16.573239 | 71,248 | 1.88% | 3.79% | ||||||||||||||||||||
2014 |
0.20% | 83,998 | 16.360271 | 1,374,230 | 1.88% | 3.68% | ||||||||||||||||||||
2014 |
0.25% | 96,493 | 16.254896 | 1,568,484 | 1.88% | 3.63% | ||||||||||||||||||||
2013 |
0.00% | 504,094 | 16.160183 | 8,146,251 | 1.63% | 4.83% | ||||||||||||||||||||
2013 |
0.10% | 4,260 | 15.968590 | 68,026 | 1.63% | 4.73% | ||||||||||||||||||||
2013 |
0.20% | 62,295 | 15.779171 | 982,963 | 1.63% | 4.62% | ||||||||||||||||||||
2013 |
0.25% | 104,547 | 15.685383 | 1,639,860 | 1.63% | 4.57% | ||||||||||||||||||||
2012 |
0.00% | 535,106 | 15.415374 | 8,248,859 | 1.71% | 5.18% | ||||||||||||||||||||
2012 |
0.10% | 8,967 | 15.247831 | 136,727 | 1.71% | 5.07% | ||||||||||||||||||||
2012 |
0.20% | 69,257 | 15.082043 | 1,044,537 | 1.71% | 4.97% | ||||||||||||||||||||
2012 |
0.25% | 142,595 | 14.999901 | 2,138,911 | 1.71% | 4.91% | ||||||||||||||||||||
2011 |
0.00% | 589,915 | 14.656785 | 8,646,257 | 2.50% | 2.93% | ||||||||||||||||||||
2011 |
0.10% | 22,883 | 14.512020 | 332,079 | 2.50% | 2.83% | ||||||||||||||||||||
2011 |
0.20% | 56,571 | 14.368627 | 812,848 | 2.50% | 2.73% | ||||||||||||||||||||
2011 |
0.25% | 143,852 | 14.297532 | 2,056,729 | 2.50% | 2.67% | ||||||||||||||||||||
2010 |
0.00% | 634,498 | 14.239553 | 9,034,968 | 2.23% | 5.89% | ||||||||||||||||||||
2010 |
0.10% | 25,085 | 14.112974 | 354,024 | 2.23% | 5.79% | ||||||||||||||||||||
2010 |
0.20% | 135,026 | 13.987465 | 1,888,671 | 2.23% | 5.68% | ||||||||||||||||||||
2010 |
0.25% | 173,444 | 13.925202 | 2,415,243 | 2.23% | 5.63% | ||||||||||||||||||||
NVIT Investor Destinations Moderate Fund - Class II (GVIDM) | ||||||||||||||||||||||||||
2014 |
0.00% | 2,828,965 | 20.542646 | 58,114,427 | 1.67% | 5.18% | ||||||||||||||||||||
2014 |
0.10% | 179,347 | 20.278734 | 3,636,930 | 1.67% | 5.08% | ||||||||||||||||||||
2014 |
0.20% | 241,999 | 20.018180 | 4,844,380 | 1.67% | 4.97% | ||||||||||||||||||||
2014 |
0.25% | 171,804 | 19.889138 | 3,417,033 | 1.67% | 4.92% | ||||||||||||||||||||
2013 |
0.00% | 3,094,770 | 19.530736 | 60,442,452 | 1.61% | 16.63% | ||||||||||||||||||||
2013 |
0.10% | 182,069 | 19.299113 | 3,513,770 | 1.61% | 16.51% | ||||||||||||||||||||
2013 |
0.20% | 243,997 | 19.070216 | 4,653,075 | 1.61% | 16.39% | ||||||||||||||||||||
2013 |
0.25% | 215,943 | 18.956755 | 4,093,579 | 1.61% | 16.34% | ||||||||||||||||||||
2012 |
0.00% | 3,467,574 | 16.746328 | 58,069,132 | 1.61% | 10.81% | ||||||||||||||||||||
2012 |
0.10% | 164,770 | 16.564270 | 2,729,295 | 1.61% | 10.70% | ||||||||||||||||||||
2012 |
0.20% | 250,897 | 16.384181 | 4,110,742 | 1.61% | 10.59% | ||||||||||||||||||||
2012 |
0.25% | 287,419 | 16.294844 | 4,683,448 | 1.61% | 10.53% | ||||||||||||||||||||
2011 |
0.00% | 3,959,245 | 15.112388 | 59,833,118 | 2.12% | -0.04% | ||||||||||||||||||||
2011 |
0.10% | 218,054 | 14.963083 | 3,262,760 | 2.12% | -0.14% | ||||||||||||||||||||
2011 |
0.20% | 302,677 | 14.815234 | 4,484,231 | 2.12% | -0.24% | ||||||||||||||||||||
2011 |
0.25% | 390,082 | 14.741846 | 5,750,529 | 2.12% | -0.29% | ||||||||||||||||||||
2010 |
0.00% | 4,345,889 | 15.118520 | 65,703,410 | 1.99% | 10.91% | ||||||||||||||||||||
2010 |
0.10% | 189,430 | 14.984107 | 2,838,439 | 1.99% | 10.80% | ||||||||||||||||||||
2010 |
0.20% | 382,830 | 14.850857 | 5,685,354 | 1.99% | 10.69% | ||||||||||||||||||||
2010 |
0.25% | 805,184 | 14.784666 | 11,904,377 | 1.99% | 10.64% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA) | ||||||||||||||||||||||||||
2014 |
0.00% | 3,281,884 | $ | 22.110620 | $ | 72,564,490 | 1.74% | 4.96% | ||||||||||||||||||
2014 |
0.10% | 165,079 | 21.826496 | 3,603,096 | 1.74% | 4.85% | ||||||||||||||||||||
2014 |
0.20% | 261,081 | 21.546066 | 5,625,268 | 1.74% | 4.75% | ||||||||||||||||||||
2014 |
0.25% | 219,251 | 21.407232 | 4,693,557 | 1.74% | 4.69% | ||||||||||||||||||||
2013 |
0.00% | 3,488,536 | 21.066347 | 73,490,710 | 1.62% | 22.38% | ||||||||||||||||||||
2013 |
0.10% | 159,223 | 20.816452 | 3,314,458 | 1.62% | 22.25% | ||||||||||||||||||||
2013 |
0.20% | 31,774 | 20.569550 | 653,577 | 1.62% | 22.13% | ||||||||||||||||||||
2013 |
0.25% | 107,418 | 20.447238 | 2,196,401 | 1.62% | 22.07% | ||||||||||||||||||||
2012 |
0.00% | 3,872,046 | 17.214305 | 66,654,581 | 1.63% | 13.76% | ||||||||||||||||||||
2012 |
0.10% | 197,613 | 17.027115 | 3,364,779 | 1.63% | 13.65% | ||||||||||||||||||||
2012 |
0.20% | 24,724 | 16.841984 | 416,401 | 1.63% | 13.53% | ||||||||||||||||||||
2012 |
0.25% | 170,507 | 16.750188 | 2,856,024 | 1.63% | 13.48% | ||||||||||||||||||||
2011 |
0.00% | 4,147,741 | 15.132127 | 62,764,144 | 2.03% | -2.13% | ||||||||||||||||||||
2011 |
0.10% | 250,895 | 14.982582 | 3,759,055 | 2.03% | -2.22% | ||||||||||||||||||||
2011 |
0.20% | 34,628 | 14.834535 | 513,690 | 2.03% | -2.32% | ||||||||||||||||||||
2011 |
0.25% | 217,442 | 14.761085 | 3,209,680 | 2.03% | -2.37% | ||||||||||||||||||||
2010 |
0.00% | 4,382,022 | 15.460895 | 67,749,982 | 1.89% | 12.83% | ||||||||||||||||||||
2010 |
0.10% | 291,696 | 15.323384 | 4,469,770 | 1.89% | 12.72% | ||||||||||||||||||||
2010 |
0.20% | 67,465 | 15.187117 | 1,024,599 | 1.89% | 12.61% | ||||||||||||||||||||
2010 |
0.25% | 400,034 | 15.119471 | 6,048,302 | 1.89% | 12.55% | ||||||||||||||||||||
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC) | ||||||||||||||||||||||||||
2014 |
0.00% | 752,574 | 18.988951 | 14,290,591 | 1.83% | 4.74% | ||||||||||||||||||||
2014 |
0.10% | 72,469 | 18.745008 | 1,358,432 | 1.83% | 4.63% | ||||||||||||||||||||
2014 |
0.20% | 17,823 | 18.504179 | 329,800 | 1.83% | 4.53% | ||||||||||||||||||||
2014 |
0.25% | 40,576 | 18.384954 | 745,988 | 1.83% | 4.48% | ||||||||||||||||||||
2013 |
0.00% | 799,670 | 18.129719 | 14,497,792 | 1.67% | 10.49% | ||||||||||||||||||||
2013 |
0.10% | 56,461 | 17.914713 | 1,011,483 | 1.67% | 10.38% | ||||||||||||||||||||
2013 |
0.20% | 17,974 | 17.702253 | 318,180 | 1.67% | 10.27% | ||||||||||||||||||||
2013 |
0.25% | 55,765 | 17.596985 | 981,296 | 1.67% | 10.22% | ||||||||||||||||||||
2012 |
0.00% | 886,098 | 16.407771 | 14,538,893 | 1.75% | 8.04% | ||||||||||||||||||||
2012 |
0.10% | 51,990 | 16.229405 | 843,767 | 1.75% | 7.93% | ||||||||||||||||||||
2012 |
0.20% | 13,819 | 16.052978 | 221,836 | 1.75% | 7.82% | ||||||||||||||||||||
2012 |
0.25% | 89,875 | 15.965491 | 1,434,899 | 1.75% | 7.77% | ||||||||||||||||||||
2011 |
0.00% | 908,615 | 15.186765 | 13,798,922 | 2.30% | 2.06% | ||||||||||||||||||||
2011 |
0.10% | 67,795 | 15.036737 | 1,019,416 | 2.30% | 1.96% | ||||||||||||||||||||
2011 |
0.20% | 9,866 | 14.888185 | 146,887 | 2.30% | 1.86% | ||||||||||||||||||||
2011 |
0.25% | 78,319 | 14.814478 | 1,160,255 | 2.30% | 1.81% | ||||||||||||||||||||
2010 |
0.00% | 953,397 | 14.879939 | 14,186,489 | 2.16% | 8.52% | ||||||||||||||||||||
2010 |
0.10% | 81,279 | 14.747641 | 1,198,674 | 2.16% | 8.41% | ||||||||||||||||||||
2010 |
0.20% | 30,996 | 14.616529 | 453,054 | 2.16% | 8.30% | ||||||||||||||||||||
2010 |
0.25% | 172,671 | 14.551412 | 2,512,607 | 2.16% | 8.25% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Mid Cap Index Fund - Class I (MCIF) | ||||||||||||||||||||||||||
2014 |
0.00% | 726,102 | $ | 48.693949 | $ | 35,356,774 | 1.08% | 9.42% | ||||||||||||||||||
2014 |
0.10% | 64,879 | 43.927412 | 2,849,967 | 1.08% | 9.31% | ||||||||||||||||||||
2014 |
0.20% | 332,094 | 32.925676 | 10,934,419 | 1.08% | 9.20% | ||||||||||||||||||||
2014 |
0.25% | 965,440 | 32.694578 | 31,564,653 | 1.08% | 9.15% | ||||||||||||||||||||
2013 |
0.00% | 770,865 | 44.501701 | 34,304,804 | 1.15% | 33.05% | ||||||||||||||||||||
2013 |
0.10% | 67,580 | 40.185694 | 2,715,749 | 1.15% | 32.91% | ||||||||||||||||||||
2013 |
0.20% | 308,900 | 30.151218 | 9,313,711 | 1.15% | 32.78% | ||||||||||||||||||||
2013 |
0.25% | 990,257 | 29.954566 | 29,662,719 | 1.15% | 32.72% | ||||||||||||||||||||
2012 |
0.00% | 775,366 | 33.448036 | 25,934,470 | 1.07% | 17.47% | ||||||||||||||||||||
2012 |
0.10% | 82,892 | 30.234257 | 2,506,178 | 1.07% | 17.36% | ||||||||||||||||||||
2012 |
0.20% | 268,030 | 22.707360 | 6,086,254 | 1.07% | 17.24% | ||||||||||||||||||||
2012 |
0.25% | 1,015,466 | 22.570532 | 22,919,608 | 1.07% | 17.18% | ||||||||||||||||||||
2011 |
0.00% | 937,419 | 28.472984 | 26,691,116 | 0.78% | -2.54% | ||||||||||||||||||||
2011 |
0.10% | 110,919 | 25.763036 | 2,857,610 | 0.78% | -2.64% | ||||||||||||||||||||
2011 |
0.20% | 249,840 | 19.368666 | 4,839,068 | 0.78% | -2.74% | ||||||||||||||||||||
2011 |
0.25% | 1,084,345 | 19.261601 | 20,886,221 | 0.78% | -2.79% | ||||||||||||||||||||
2010 |
0.00% | 972,303 | 29.216232 | 28,407,030 | 1.25% | 26.20% | ||||||||||||||||||||
2010 |
0.10% | 134,857 | 26.461933 | 3,568,577 | 1.25% | 26.07% | ||||||||||||||||||||
2010 |
0.20% | 201,344 | 19.913978 | 4,009,560 | 1.25% | 25.95% | ||||||||||||||||||||
2010 |
0.25% | 1,101,218 | 19.813788 | 21,819,300 | 1.25% | 25.89% | ||||||||||||||||||||
NVIT Money Market Fund - Class I (SAM) | ||||||||||||||||||||||||||
2014 |
0.00% | 3,527,039 | 14.293235 | 50,412,797 | 0.00% | 0.00% | ||||||||||||||||||||
2014 |
0.20% | 872 | 11.935475 | 10,408 | 0.00% | -0.20% | ||||||||||||||||||||
2014 |
0.25% | 472,682 | 11.851712 | 5,602,091 | 0.00% | -0.25% | ||||||||||||||||||||
2013 |
0.00% | 4,055,705 | 14.293235 | 57,967,632 | 0.00% | 0.00% | ||||||||||||||||||||
2013 |
0.20% | 915 | 11.959420 | 10,943 | 0.00% | -0.20% | ||||||||||||||||||||
2013 |
0.25% | 550,956 | 11.881336 | 6,546,093 | 0.00% | -0.25% | ||||||||||||||||||||
2012 |
0.00% | 5,544,294 | 14.293235 | 79,245,902 | 0.00% | 0.00% | ||||||||||||||||||||
2012 |
0.20% | 1,247 | 11.983454 | 14,943 | 0.00% | -0.20% | ||||||||||||||||||||
2012 |
0.25% | 563,036 | 11.911174 | 6,706,420 | 0.00% | -0.25% | ||||||||||||||||||||
2011 |
0.00% | 5,903,369 | 14.293235 | 84,378,240 | 0.00% | 0.00% | ||||||||||||||||||||
2011 |
0.20% | 1,299 | 12.007617 | 15,598 | 0.00% | -0.20% | ||||||||||||||||||||
2011 |
0.25% | 574,205 | 11.941153 | 6,856,670 | 0.00% | -0.25% | ||||||||||||||||||||
2010 |
0.00% | 6,150,810 | 14.293225 | 87,914,911 | 0.00% | 0.00% | ||||||||||||||||||||
2010 |
0.20% | 1,348 | 12.031632 | 16,219 | 0.00% | -0.20% | ||||||||||||||||||||
2010 |
0.25% | 588,365 | 11.970993 | 7,043,313 | 0.00% | -0.25% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
NVIT Money Market Fund - Class V (SAM5) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,920,128 | $ | 11.731137 | $ | 22,525,285 | 0.00% | 0.00% | ||||||||||||||||||||
2014 |
0.20% | 4,418,047 | 11.448195 | 50,578,664 | 0.00% | -0.20% | ||||||||||||||||||||||
2014 |
0.25% | 8,212,686 | 11.378551 | 93,448,466 | 0.00% | -0.25% | ||||||||||||||||||||||
2013 |
0.00% | 1,733,687 | 11.731137 | 20,338,120 | 0.00% | 0.00% | ||||||||||||||||||||||
2013 |
0.10% | 77,084 | 11.600379 | 894,204 | 0.00% | -0.10% | ||||||||||||||||||||||
2013 |
0.20% | 9,408,960 | 11.471170 | 107,931,780 | 0.00% | -0.20% | ||||||||||||||||||||||
2013 |
0.25% | 7,910,243 | 11.407039 | 90,232,450 | 0.00% | -0.25% | ||||||||||||||||||||||
2012 |
0.00% | 1,186,217 | 11.731137 | 13,915,674 | 0.00% | 0.00% | ||||||||||||||||||||||
2012 |
0.10% | 657,353 | 11.612007 | 7,633,188 | 0.00% | -0.10% | ||||||||||||||||||||||
2012 |
0.20% | 8,815,071 | 11.494165 | 101,321,881 | 0.00% | -0.20% | ||||||||||||||||||||||
2012 |
0.25% | 7,802,771 | 11.435565 | 89,229,095 | 0.00% | -0.25% | ||||||||||||||||||||||
2011 |
0.00% | 756,286 | 11.731137 | 8,872,095 | 0.00% | 0.00% | ||||||||||||||||||||||
2011 |
0.10% | 629,615 | 11.623696 | 7,318,453 | 0.00% | -0.10% | ||||||||||||||||||||||
2011 |
0.20% | 8,407,521 | 11.517285 | 96,831,816 | 0.00% | -0.20% | ||||||||||||||||||||||
2011 |
0.25% | 9,471,462 | 11.464248 | 108,583,189 | 0.00% | -0.25% | ||||||||||||||||||||||
2010 |
0.00% | 528,187 | 11.731129 | 6,196,230 | 0.00% | 0.00% | ||||||||||||||||||||||
2010 |
0.10% | 1,869,173 | 11.635333 | 21,748,450 | 0.00% | -0.10% | ||||||||||||||||||||||
2010 |
0.20% | 8,254,159 | 11.540261 | 95,255,149 | 0.00% | -0.20% | ||||||||||||||||||||||
2010 |
0.25% | 10,842,157 | 11.492942 | 124,608,282 | 0.00% | -0.25% | ||||||||||||||||||||||
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,641,194 | 9.795541 | 16,076,383 | 1.06% | -2.04% | 4/25/2014 | |||||||||||||||||||||
NVIT Multi-Manager International Value Fund - Class I (GVDIVI) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 281,697 | 18.973981 | 5,344,914 | 2.81% | -9.46% | ||||||||||||||||||||||
2013 |
0.00% | 32,529 | 20.957356 | 681,722 | 2.34% | 21.41% | ||||||||||||||||||||||
2012 |
0.00% | 39,531 | 17.262313 | 682,396 | 0.39% | 17.29% | ||||||||||||||||||||||
2011 |
0.00% | 43,242 | 14.717057 | 636,395 | 1.75% | -16.24% | ||||||||||||||||||||||
2010 |
0.00% | 50,861 | 17.570720 | 893,664 | 2.15% | 6.19% | ||||||||||||||||||||||
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 706,844 | 16.038508 | 11,336,723 | 0.49% | 10.44% | ||||||||||||||||||||||
2014 |
0.20% | 2,859 | 15.826062 | 45,247 | 0.49% | 10.22% | ||||||||||||||||||||||
2014 |
0.25% | 34,585 | 15.773428 | 545,524 | 0.49% | 10.16% | ||||||||||||||||||||||
2013 |
0.00% | 772,029 | 14.522943 | 11,212,119 | 0.75% | 34.74% | ||||||||||||||||||||||
2013 |
0.20% | 1,774 | 14.359257 | 25,473 | 0.75% | 34.47% | ||||||||||||||||||||||
2013 |
0.25% | 43,920 | 14.318656 | 628,875 | 0.75% | 34.40% | ||||||||||||||||||||||
2012 |
0.00% | 864,055 | 10.778503 | 9,313,219 | 0.46% | 16.35% | ||||||||||||||||||||||
2012 |
0.10% | 45,035 | 10.728340 | 483,151 | 0.46% | 16.24% | ||||||||||||||||||||||
2012 |
0.20% | 5,198 | 10.678331 | 55,506 | 0.46% | 16.12% | ||||||||||||||||||||||
2012 |
0.25% | 68,955 | 10.653460 | 734,609 | 0.46% | 16.06% | ||||||||||||||||||||||
2011 |
0.00% | 993,419 | 9.263525 | 9,202,562 | 0.01% | -2.91% | ||||||||||||||||||||||
2011 |
0.10% | 47,450 | 9.229646 | 437,947 | 0.01% | -3.00% | ||||||||||||||||||||||
2011 |
0.20% | 35,052 | 9.195838 | 322,333 | 0.01% | -3.10% | ||||||||||||||||||||||
2011 |
0.25% | 139,543 | 9.179010 | 1,280,867 | 0.01% | -3.15% | ||||||||||||||||||||||
2010 |
0.00% | 1,140,603 | 9.540808 | 10,882,274 | 0.06% | 15.51% | ||||||||||||||||||||||
2010 |
0.10% | 50,494 | 9.515403 | 480,471 | 0.06% | 15.39% | ||||||||||||||||||||||
2010 |
0.20% | 17,386 | 9.490013 | 164,993 | 0.06% | 15.28% | ||||||||||||||||||||||
2010 |
0.25% | 118,763 | 9.477375 | 1,125,561 | 0.06% | 15.22% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 472,606 | $ | 15.226743 | $ | 7,196,250 | 1.26% | 10.52% | ||||||||||||||||||||
2014 |
0.20% | 1,652 | 17.300502 | 28,580 | 1.26% | 10.30% | ||||||||||||||||||||||
2014 |
0.25% | 35,213 | 17.260130 | 607,781 | 1.26% | 10.24% | ||||||||||||||||||||||
2013 |
0.00% | 503,503 | 13.777622 | 6,937,074 | 1.34% | 35.44% | ||||||||||||||||||||||
2013 |
0.20% | 876 | 15.685351 | 13,740 | 1.34% | 35.17% | ||||||||||||||||||||||
2013 |
0.25% | 33,020 | 15.656577 | 516,980 | 1.34% | 35.10% | ||||||||||||||||||||||
2012 |
0.00% | 578,776 | 10.172659 | 5,887,691 | 1.34% | 17.81% | ||||||||||||||||||||||
2012 |
0.10% | 27,689 | 11.635430 | 322,173 | 1.34% | 17.69% | ||||||||||||||||||||||
2012 |
0.20% | 3,822 | 11.604387 | 44,352 | 1.34% | 17.57% | ||||||||||||||||||||||
2012 |
0.25% | 39,721 | 11.588884 | 460,322 | 1.34% | 17.52% | ||||||||||||||||||||||
2011 |
0.00% | 652,862 | 8.634796 | 5,637,330 | 1.10% | -5.83% | ||||||||||||||||||||||
2011 |
0.10% | 29,021 | 9.886324 | 286,911 | 1.10% | -5.92% | ||||||||||||||||||||||
2011 |
0.20% | 4,675 | 9.869840 | 46,142 | 1.10% | -6.02% | ||||||||||||||||||||||
2011 |
0.25% | 48,213 | 9.861595 | 475,457 | 1.10% | -6.06% | ||||||||||||||||||||||
2010 |
0.00% | 694,617 | 9.169345 | 6,369,183 | 0.70% | 13.05% | ||||||||||||||||||||||
2010 |
0.10% | 31,135 | 10.508835 | 327,193 | 0.70% | 5.09% | 4/30/2010 | |||||||||||||||||||||
2010 |
0.20% | 3,506 | 10.501786 | 36,819 | 0.70% | 5.02% | 4/30/2010 | |||||||||||||||||||||
2010 |
0.25% | 58,810 | 10.498264 | 617,403 | 0.70% | 4.98% | 4/30/2010 | |||||||||||||||||||||
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 2,121,248 | 16.103721 | 34,159,986 | 0.00% | 4.04% | ||||||||||||||||||||||
2014 |
0.20% | 664 | 15.890408 | 10,551 | 0.00% | 3.83% | ||||||||||||||||||||||
2014 |
0.25% | 34,568 | 15.837535 | 547,472 | 0.00% | 3.78% | ||||||||||||||||||||||
2013 |
0.00% | 2,366,861 | 15.479098 | 36,636,780 | 0.00% | 38.94% | ||||||||||||||||||||||
2013 |
0.20% | 127 | 15.304647 | 1,944 | 0.00% | 38.67% | ||||||||||||||||||||||
2013 |
0.25% | 305 | 15.261350 | 4,655 | 0.00% | 38.60% | ||||||||||||||||||||||
2012 |
0.00% | 2,541,741 | 11.140525 | 28,316,329 | 0.00% | 14.90% | ||||||||||||||||||||||
2012 |
0.10% | 6,819 | 11.088680 | 75,614 | 0.00% | 14.79% | ||||||||||||||||||||||
2012 |
0.20% | 3,499 | 11.037007 | 38,618 | 0.00% | 14.67% | ||||||||||||||||||||||
2012 |
0.25% | 1,906 | 11.011282 | 20,988 | 0.00% | 14.62% | ||||||||||||||||||||||
2011 |
0.00% | 3,047,277 | 9.695515 | 29,544,910 | 0.00% | -4.23% | ||||||||||||||||||||||
2011 |
0.10% | 7,012 | 9.660066 | 67,736 | 0.00% | -4.32% | ||||||||||||||||||||||
2011 |
0.20% | 623 | 9.624698 | 5,996 | 0.00% | -4.42% | ||||||||||||||||||||||
2011 |
0.25% | 5,101 | 9.607082 | 49,006 | 0.00% | -4.47% | ||||||||||||||||||||||
2010 |
0.00% | 3,476,447 | 10.123676 | 35,194,423 | 0.00% | 26.82% | ||||||||||||||||||||||
2010 |
0.10% | 7,478 | 10.096737 | 75,503 | 0.00% | 26.69% | ||||||||||||||||||||||
2010 |
0.25% | 5,764 | 10.056395 | 57,965 | 0.00% | 26.50% | ||||||||||||||||||||||
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 12,260 | 19.264433 | 236,182 | 3.76% | 17.15% | ||||||||||||||||||||||
2014 |
0.20% | 4,577 | 19.009205 | 87,005 | 3.76% | 16.92% | ||||||||||||||||||||||
2014 |
0.25% | 31,287 | 18.945996 | 592,763 | 3.76% | 16.86% | ||||||||||||||||||||||
2013 |
0.20% | 5,093 | 16.258572 | 82,805 | 1.92% | 35.58% | ||||||||||||||||||||||
2013 |
0.25% | 3,285 | 16.212600 | 53,258 | 1.92% | 35.51% | ||||||||||||||||||||||
2012 |
0.00% | 678 | 12.104426 | 8,207 | 1.34% | 16.65% | ||||||||||||||||||||||
2012 |
0.20% | 350 | 11.991912 | 4,197 | 1.34% | 16.42% | ||||||||||||||||||||||
2012 |
0.25% | 4,531 | 11.963973 | 54,209 | 1.34% | 16.36% | ||||||||||||||||||||||
2011 |
0.00% | 1,079 | 10.376788 | 11,197 | 1.08% | -2.09% | ||||||||||||||||||||||
2011 |
0.25% | 5,310 | 10.282114 | 54,598 | 1.08% | -2.33% | ||||||||||||||||||||||
2010 |
0.25% | 6,739 | 10.527298 | 70,943 | 1.08% | 19.37% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 798,637 | $ | 19.031857 | $ | 15,199,545 | 1.43% | 17.02% | ||||||||||||||||||
2013 |
0.00% | 801,822 | 16.263836 | 13,040,702 | 1.19% | 35.68% | ||||||||||||||||||||
2012 |
0.00% | 861,247 | 11.987208 | 10,323,947 | 1.13% | 16.35% | ||||||||||||||||||||
2011 |
0.00% | 946,834 | 10.303092 | 9,755,318 | 0.79% | -2.32% | ||||||||||||||||||||
2010 |
0.00% | 1,131,006 | 10.547920 | 11,929,761 | 1.33% | 19.63% | ||||||||||||||||||||
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 438,208 | 27.300408 | 11,963,257 | 0.00% | 2.81% | ||||||||||||||||||||
2014 |
0.10% | 30,685 | 26.876162 | 824,695 | 0.00% | 2.71% | ||||||||||||||||||||
2014 |
0.20% | 38,688 | 26.458295 | 1,023,619 | 0.00% | 2.61% | ||||||||||||||||||||
2014 |
0.25% | 44,652 | 26.251887 | 1,172,199 | 0.00% | 2.55% | ||||||||||||||||||||
2013 |
0.00% | 463,075 | 26.553796 | 12,296,399 | 0.00% | 44.29% | ||||||||||||||||||||
2013 |
0.10% | 34,874 | 26.167303 | 912,559 | 0.00% | 44.14% | ||||||||||||||||||||
2013 |
0.20% | 40,523 | 25.786245 | 1,044,936 | 0.00% | 44.00% | ||||||||||||||||||||
2013 |
0.25% | 39,942 | 25.597875 | 1,022,430 | 0.00% | 43.93% | ||||||||||||||||||||
2012 |
0.00% | 496,782 | 18.403264 | 9,142,410 | 0.00% | 13.44% | ||||||||||||||||||||
2012 |
0.10% | 49,739 | 18.153519 | 902,938 | 0.00% | 13.32% | ||||||||||||||||||||
2012 |
0.20% | 55,773 | 17.907035 | 998,729 | 0.00% | 13.21% | ||||||||||||||||||||
2012 |
0.25% | 77,450 | 17.785105 | 1,377,456 | 0.00% | 13.15% | ||||||||||||||||||||
2011 |
0.00% | 563,925 | 16.223239 | 9,148,690 | 0.00% | -0.65% | ||||||||||||||||||||
2011 |
0.10% | 61,780 | 16.019131 | 989,662 | 0.00% | -0.75% | ||||||||||||||||||||
2011 |
0.20% | 47,600 | 15.817461 | 752,911 | 0.00% | -0.85% | ||||||||||||||||||||
2011 |
0.25% | 85,864 | 15.717643 | 1,349,580 | 0.00% | -0.90% | ||||||||||||||||||||
2010 |
0.00% | 583,188 | 16.329069 | 9,522,917 | 0.00% | 25.45% | ||||||||||||||||||||
2010 |
0.10% | 46,291 | 16.139729 | 747,124 | 0.00% | 25.32% | ||||||||||||||||||||
2010 |
0.20% | 27,210 | 15.952454 | 434,066 | 0.00% | 25.20% | ||||||||||||||||||||
2010 |
0.25% | 175,315 | 15.859701 | 2,780,443 | 0.00% | 25.13% | ||||||||||||||||||||
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 642,484 | 49.666354 | 31,909,838 | 0.52% | 7.02% | ||||||||||||||||||||
2014 |
0.10% | 19,561 | 52.961764 | 1,035,985 | 0.52% | 6.92% | ||||||||||||||||||||
2014 |
0.20% | 87,344 | 37.680056 | 3,291,127 | 0.52% | 6.81% | ||||||||||||||||||||
2014 |
0.25% | 90,236 | 37.415660 | 3,376,239 | 0.52% | 6.75% | ||||||||||||||||||||
2013 |
0.00% | 702,734 | 46.407602 | 32,612,200 | 0.83% | 40.40% | ||||||||||||||||||||
2013 |
0.10% | 24,770 | 49.536300 | 1,227,014 | 0.83% | 40.26% | ||||||||||||||||||||
2013 |
0.20% | 86,171 | 35.278242 | 3,039,961 | 0.83% | 40.12% | ||||||||||||||||||||
2013 |
0.25% | 168,547 | 35.048209 | 5,907,270 | 0.83% | 40.05% | ||||||||||||||||||||
2012 |
0.00% | 772,200 | 33.054014 | 25,524,310 | 0.83% | 20.44% | ||||||||||||||||||||
2012 |
0.10% | 36,881 | 35.317708 | 1,302,552 | 0.83% | 20.32% | ||||||||||||||||||||
2012 |
0.20% | 73,102 | 25.177325 | 1,840,513 | 0.83% | 20.20% | ||||||||||||||||||||
2012 |
0.25% | 165,813 | 25.025649 | 4,149,578 | 0.83% | 20.14% | ||||||||||||||||||||
2011 |
0.00% | 880,940 | 27.443292 | 24,175,894 | 0.43% | -5.07% | ||||||||||||||||||||
2011 |
0.10% | 56,153 | 29.352122 | 1,648,210 | 0.43% | -5.16% | ||||||||||||||||||||
2011 |
0.20% | 90,826 | 20.945547 | 1,902,400 | 0.43% | -5.26% | ||||||||||||||||||||
2011 |
0.25% | 192,080 | 20.829802 | 4,000,988 | 0.43% | -5.31% | ||||||||||||||||||||
2010 |
0.00% | 994,468 | 28.908970 | 28,749,046 | 0.59% | 26.60% | ||||||||||||||||||||
2010 |
0.10% | 61,312 | 30.950627 | 1,897,645 | 0.59% | 26.48% | ||||||||||||||||||||
2010 |
0.20% | 102,771 | 22.108296 | 2,272,092 | 0.59% | 26.35% | ||||||||||||||||||||
2010 |
0.25% | 333,494 | 21.997105 | 7,335,903 | 0.59% | 26.29% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Multi-Manager Small Company Fund - Class I (SCF) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 685,999 | $ | 42.614090 | $ | 29,233,223 | 0.16% | 0.82% | ||||||||||||||||||
2014 |
0.10% | 21,017 | 42.757292 | 898,630 | 0.16% | 0.71% | ||||||||||||||||||||
2014 |
0.20% | 97,531 | 28.539291 | 2,783,466 | 0.16% | 0.61% | ||||||||||||||||||||
2014 |
0.25% | 457,689 | 28.338965 | 12,970,433 | 0.16% | 0.56% | ||||||||||||||||||||
2013 |
0.00% | 771,546 | 42.269428 | 32,612,808 | 0.13% | 40.91% | ||||||||||||||||||||
2013 |
0.10% | 24,324 | 42.453920 | 1,032,649 | 0.13% | 40.76% | ||||||||||||||||||||
2013 |
0.20% | 98,202 | 28.365149 | 2,785,514 | 0.13% | 40.62% | ||||||||||||||||||||
2013 |
0.25% | 655,038 | 28.180139 | 18,459,062 | 0.13% | 40.55% | ||||||||||||||||||||
2012 |
0.00% | 861,431 | 29.998380 | 25,841,534 | 0.15% | 15.50% | ||||||||||||||||||||
2012 |
0.10% | 39,733 | 30.159433 | 1,198,325 | 0.15% | 15.39% | ||||||||||||||||||||
2012 |
0.20% | 139,263 | 20.170847 | 2,809,053 | 0.15% | 15.27% | ||||||||||||||||||||
2012 |
0.25% | 739,156 | 20.049299 | 14,819,560 | 0.15% | 15.21% | ||||||||||||||||||||
2011 |
0.00% | 990,245 | 25.972077 | 25,718,719 | 0.53% | -5.56% | ||||||||||||||||||||
2011 |
0.10% | 62,029 | 26.137692 | 1,621,295 | 0.53% | -5.65% | ||||||||||||||||||||
2011 |
0.20% | 163,780 | 17.498608 | 2,865,922 | 0.53% | -5.75% | ||||||||||||||||||||
2011 |
0.25% | 838,331 | 17.401887 | 14,588,541 | 0.53% | -5.79% | ||||||||||||||||||||
2010 |
0.00% | 1,145,604 | 27.500722 | 31,504,937 | 0.27% | 25.32% | ||||||||||||||||||||
2010 |
0.10% | 82,358 | 27.703734 | 2,281,624 | 0.27% | 25.19% | ||||||||||||||||||||
2010 |
0.20% | 354,127 | 18.565556 | 6,574,565 | 0.27% | 25.07% | ||||||||||||||||||||
2010 |
0.25% | 1,292,376 | 18.472172 | 23,872,992 | 0.27% | 25.01% | ||||||||||||||||||||
NVIT Multi-Sector Bond Fund - Class I (MSBF) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 421,651 | 22.789085 | 9,609,040 | 3.14% | 3.88% | ||||||||||||||||||||
2014 |
0.10% | 19,482 | 21.909355 | 426,838 | 3.14% | 3.78% | ||||||||||||||||||||
2014 |
0.20% | 21,736 | 20.812445 | 452,379 | 3.14% | 3.68% | ||||||||||||||||||||
2014 |
0.25% | 51,475 | 20.666439 | 1,063,805 | 3.14% | 3.62% | ||||||||||||||||||||
2013 |
0.00% | 459,866 | 21.937138 | 10,088,144 | 3.31% | -1.12% | ||||||||||||||||||||
2013 |
0.10% | 23,955 | 21.111396 | 505,723 | 3.31% | -1.22% | ||||||||||||||||||||
2013 |
0.20% | 19,485 | 20.074490 | 391,151 | 3.31% | -1.32% | ||||||||||||||||||||
2013 |
0.25% | 35,590 | 19.943635 | 709,794 | 3.31% | -1.37% | ||||||||||||||||||||
2012 |
0.00% | 502,846 | 22.186564 | 11,156,425 | 2.47% | 12.25% | ||||||||||||||||||||
2012 |
0.10% | 43,545 | 21.372809 | 930,679 | 2.47% | 12.14% | ||||||||||||||||||||
2012 |
0.20% | 22,681 | 20.343390 | 461,408 | 2.47% | 12.02% | ||||||||||||||||||||
2012 |
0.25% | 50,355 | 20.220894 | 1,018,223 | 2.47% | 11.97% | ||||||||||||||||||||
2011 |
0.00% | 570,373 | 19.765394 | 11,273,647 | 4.21% | 5.55% | ||||||||||||||||||||
2011 |
0.10% | 102,896 | 19.059523 | 1,961,149 | 4.21% | 5.44% | ||||||||||||||||||||
2011 |
0.20% | 19,541 | 18.159702 | 354,859 | 4.21% | 5.34% | ||||||||||||||||||||
2011 |
0.25% | 36,977 | 18.059416 | 667,783 | 4.21% | 5.28% | ||||||||||||||||||||
2010 |
0.00% | 628,182 | 18.726591 | 11,763,707 | 6.64% | 10.59% | ||||||||||||||||||||
2010 |
0.10% | 65,852 | 18.075827 | 1,190,329 | 6.64% | 10.48% | ||||||||||||||||||||
2010 |
0.20% | 18,613 | 17.239635 | 320,881 | 6.64% | 10.37% | ||||||||||||||||||||
2010 |
0.25% | 358,111 | 17.152974 | 6,142,669 | 6.64% | 10.31% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Short Term Bond Fund - Class I (NVSTB1) |
|
|||||||||||||||||||||||||
2014 |
0.10% | 815,788 | $ | 11.637049 | $ | 9,493,365 | 0.90% | 0.67% | ||||||||||||||||||
2014 |
0.20% | 33,789 | 11.559700 | 390,591 | 0.90% | 0.57% | ||||||||||||||||||||
2014 |
0.25% | 1,340,967 | 11.521251 | 15,449,617 | 0.90% | 0.52% | ||||||||||||||||||||
2013 |
0.00% | 948 | 11.625509 | 11,021 | 1.51% | 0.33% | ||||||||||||||||||||
2013 |
0.10% | 1,755,104 | 11.559851 | 20,288,741 | 1.51% | 0.23% | ||||||||||||||||||||
2013 |
0.20% | 17,901 | 11.494507 | 205,763 | 1.51% | 0.13% | ||||||||||||||||||||
2013 |
0.25% | 1,320,778 | 11.461984 | 15,138,736 | 1.51% | 0.08% | ||||||||||||||||||||
2012 |
0.00% | 850 | 11.587099 | 9,849 | 2.62% | 3.83% | ||||||||||||||||||||
2012 |
0.10% | 2,046,482 | 11.533202 | 23,602,490 | 2.62% | 3.72% | ||||||||||||||||||||
2012 |
0.20% | 15,166 | 11.479462 | 174,098 | 2.62% | 3.62% | ||||||||||||||||||||
2012 |
0.25% | 462,893 | 11.452722 | 5,301,385 | 2.62% | 3.57% | ||||||||||||||||||||
2011 |
0.00% | 746 | 11.160218 | 8,326 | 1.81% | 1.45% | ||||||||||||||||||||
2011 |
0.20% | 9,972 | 11.078737 | 110,477 | 1.81% | 1.24% | ||||||||||||||||||||
2011 |
0.25% | 479,653 | 11.058467 | 5,304,227 | 1.81% | 1.19% | ||||||||||||||||||||
2010 |
0.00% | 1,405 | 11.001081 | 15,457 | 1.63% | 2.68% | ||||||||||||||||||||
2010 |
0.20% | 7,406 | 10.942569 | 81,041 | 1.63% | 2.48% | ||||||||||||||||||||
2010 |
0.25% | 499,595 | 10.927993 | 5,459,571 | 1.63% | 2.43% | ||||||||||||||||||||
NVIT Short Term Bond Fund - Class II (NVSTB2) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 164,622 | 11.507465 | 1,894,382 | 0.97% | 0.49% | ||||||||||||||||||||
2013 |
0.00% | 163,595 | 11.450912 | 1,873,312 | 0.98% | 0.11% | ||||||||||||||||||||
2012 |
0.00% | 201,309 | 11.438838 | 2,302,741 | 1.30% | 3.52% | ||||||||||||||||||||
2011 |
0.00% | 218,639 | 11.049485 | 2,415,848 | 1.50% | 1.30% | ||||||||||||||||||||
2010 |
0.00% | 365,359 | 10.907906 | 3,985,302 | 1.37% | 2.42% | ||||||||||||||||||||
NVIT Large Cap Growth Fund - Class I (NVOLG1) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 5,400,878 | 24.521987 | 132,440,260 | 0.71% | 8.80% | ||||||||||||||||||||
2013 |
0.00% | 5,982,076 | 22.538634 | 134,827,822 | 0.79% | 36.70% | ||||||||||||||||||||
2012 |
0.00% | 6,636,497 | 16.487341 | 109,418,189 | 0.70% | 18.68% | ||||||||||||||||||||
2011 |
0.00% | 7,462,793 | 13.891692 | 103,670,822 | 0.67% | -2.23% | ||||||||||||||||||||
2010 |
0.00% | 8,648,974 | 14.209081 | 122,893,972 | 0.06% | 8.80% | ||||||||||||||||||||
Templeton NVIT International Value Fund - Class III (NVTIV3) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 28,263 | 16.010507 | 452,505 | 3.75% | -8.15% | ||||||||||||||||||||
2013 |
0.00% | 29,863 | 17.430436 | 520,525 | 1.87% | 20.09% | ||||||||||||||||||||
2012 |
0.00% | 35,997 | 14.513999 | 522,460 | 2.54% | 19.56% | ||||||||||||||||||||
2011 |
0.00% | 35,418 | 12.139096 | 429,943 | 3.30% | -12.43% | ||||||||||||||||||||
2010 |
0.00% | 11,957 | 13.861453 | 165,741 | 2.33% | 6.35% | ||||||||||||||||||||
Invesco NVIT Comstock Value Fund - Class I (EIF) |
|
|||||||||||||||||||||||||
2014 |
0.00% | 475,177 | 23.506089 | 11,169,553 | 1.76% | 9.17% | ||||||||||||||||||||
2014 |
0.10% | 59,580 | 19.544819 | 1,164,480 | 1.76% | 9.06% | ||||||||||||||||||||
2014 |
0.25% | 2,197 | 19.053909 | 41,861 | 1.76% | 8.90% | ||||||||||||||||||||
2013 |
0.00% | 506,620 | 21.531960 | 10,908,522 | 0.00% | 35.64% | ||||||||||||||||||||
2013 |
0.10% | 48,119 | 17.921285 | 862,354 | 0.00% | 35.50% | ||||||||||||||||||||
2013 |
0.25% | 196 | 17.497385 | 3,429 | 0.00% | 35.30% | ||||||||||||||||||||
2012 |
0.00% | 495,063 | 15.874436 | 7,858,846 | 1.18% | 18.46% | ||||||||||||||||||||
2012 |
0.10% | 39,021 | 13.225670 | 516,079 | 1.18% | 18.35% | ||||||||||||||||||||
2012 |
0.25% | 143 | 12.932205 | 1,849 | 1.18% | 18.17% | ||||||||||||||||||||
2011 |
0.00% | 610,041 | 13.400181 | 8,174,660 | 1.31% | -2.32% | ||||||||||||||||||||
2011 |
0.10% | 61,552 | 11.175452 | 687,871 | 1.31% | -2.42% | ||||||||||||||||||||
2011 |
0.25% | 156 | 10.943926 | 1,707 | 1.31% | -2.57% | ||||||||||||||||||||
2010 |
0.00% | 667,292 | 13.719138 | 9,154,671 | 1.53% | 15.77% | ||||||||||||||||||||
2010 |
0.10% | 61,360 | 11.452871 | 702,748 | 1.53% | 15.66% | ||||||||||||||||||||
2010 |
0.25% | 157 | 11.232402 | 1,763 | 1.53% | 15.48% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
NVIT Real Estate Fund - Class I (NVRE1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,966,709 | $ | 15.751218 | $ | 30,978,062 | 3.00% | 28.88% | ||||||||||||||||||||
2014 |
0.20% | 57,979 | 31.248643 | 1,811,765 | 3.00% | 28.63% | ||||||||||||||||||||||
2014 |
0.25% | 207,316 | 31.160306 | 6,460,030 | 3.00% | 28.56% | ||||||||||||||||||||||
2013 |
0.00% | 2,029,128 | 12.221280 | 24,798,541 | 1.49% | 3.05% | ||||||||||||||||||||||
2013 |
0.20% | 29,025 | 24.294127 | 705,137 | 1.49% | 2.84% | ||||||||||||||||||||||
2013 |
0.25% | 216,320 | 24.237549 | 5,243,067 | 1.49% | 2.79% | ||||||||||||||||||||||
2012 |
0.00% | 2,229,784 | 11.860098 | 26,445,457 | 1.03% | 15.79% | ||||||||||||||||||||||
2012 |
0.20% | 23,596 | 23.623351 | 557,417 | 1.03% | 15.55% | ||||||||||||||||||||||
2012 |
0.25% | 202,477 | 23.580128 | 4,774,434 | 1.03% | 15.50% | ||||||||||||||||||||||
2011 |
0.00% | 2,496,219 | 10.243095 | 25,569,008 | 0.89% | 6.50% | ||||||||||||||||||||||
2011 |
0.20% | 10,686 | 20.443475 | 218,459 | 0.89% | 6.29% | ||||||||||||||||||||||
2011 |
0.25% | 208,462 | 20.416293 | 4,256,021 | 0.89% | 6.23% | ||||||||||||||||||||||
2010 |
0.00% | 2,741,940 | 9.617905 | 26,371,718 | 1.94% | 30.18% | ||||||||||||||||||||||
2010 |
0.20% | 99 | 19.234046 | 1,904 | 1.94% | 29.92% | ||||||||||||||||||||||
2010 |
0.25% | 99,872 | 19.218051 | 1,919,345 | 1.94% | 29.86% | ||||||||||||||||||||||
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 2,183 | 11.822850 | 25,809 | 2.05% | 3.34% | ||||||||||||||||||||||
2013 |
0.00% | 140 | 11.440971 | 1,602 | 5.98% | 14.41% | 5/1/2013 | |||||||||||||||||||||
Loring Ward NVIT Moderate Fund - Class P (NVLMP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 191 | 11.485747 | 2,194 | 1.50% | 2.09% | ||||||||||||||||||||||
NVIT Small Cap Index Fund Class II (NVSIX2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 18,330 | 13.257084 | 243,002 | 1.19% | 4.55% | ||||||||||||||||||||||
2013 |
0.00% | 5,103 | 12.679935 | 64,706 | 1.58% | 26.80% | 5/1/2013 | |||||||||||||||||||||
NVIT S&P 500 Index Fund Class I (GVEX1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 121,451 | 13.417375 | 1,629,554 | 3.36% | 13.36% | ||||||||||||||||||||||
2013 |
0.00% | 42,973 | 11.835951 | 508,626 | 2.83% | 18.36% | 5/1/2013 | |||||||||||||||||||||
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 10 | 10.951171 | 110 | 0.10% | 2.75% | ||||||||||||||||||||||
2013 |
0.00% | 320 | 10.658086 | 3,411 | 0.83% | 6.58% | 5/1/2013 | |||||||||||||||||||||
VPS Growth and Income Portfolio - Class A (ALVGIA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 157,691 | 28.696834 | 4,525,232 | 1.55% | 9.54% | ||||||||||||||||||||||
2014 |
0.10% | 85,342 | 28.345326 | 2,419,047 | 1.55% | 9.43% | ||||||||||||||||||||||
2014 |
0.20% | 26,350 | 27.998136 | 737,751 | 1.55% | 9.32% | ||||||||||||||||||||||
2014 |
0.25% | 561,703 | 27.826142 | 15,630,027 | 1.55% | 9.27% | ||||||||||||||||||||||
2013 |
0.00% | 162,202 | 26.197145 | 4,249,229 | 1.26% | 34.96% | ||||||||||||||||||||||
2013 |
0.10% | 73,538 | 25.902147 | 1,904,792 | 1.26% | 34.83% | ||||||||||||||||||||||
2013 |
0.20% | 21,338 | 25.610480 | 546,476 | 1.26% | 34.69% | ||||||||||||||||||||||
2013 |
0.25% | 318,807 | 25.465870 | 8,118,698 | 1.26% | 34.63% | ||||||||||||||||||||||
2012 |
0.00% | 162,645 | 19.410515 | 3,157,023 | 1.56% | 17.52% | ||||||||||||||||||||||
2012 |
0.10% | 72,424 | 19.211121 | 1,391,346 | 1.56% | 17.41% | ||||||||||||||||||||||
2012 |
0.20% | 5,771 | 19.013781 | 109,729 | 1.56% | 17.29% | ||||||||||||||||||||||
2012 |
0.25% | 225,551 | 18.915871 | 4,266,494 | 1.56% | 17.23% | ||||||||||||||||||||||
2011 |
0.00% | 170,800 | 16.516082 | 2,820,947 | 1.24% | 6.32% | ||||||||||||||||||||||
2011 |
0.10% | 76,305 | 16.362810 | 1,248,564 | 1.24% | 6.21% | ||||||||||||||||||||||
2011 |
0.20% | 3,854 | 16.210964 | 62,477 | 1.24% | 6.10% | ||||||||||||||||||||||
2011 |
0.25% | 199,320 | 16.135567 | 3,216,141 | 1.24% | 6.05% | ||||||||||||||||||||||
2010 |
0.00% | 200,244 | 15.534777 | 3,110,746 | 0.00% | 13.09% | ||||||||||||||||||||||
2010 |
0.10% | 70,827 | 15.405969 | 1,091,159 | 0.00% | 12.98% | ||||||||||||||||||||||
2010 |
0.20% | 8,723 | 15.278240 | 133,272 | 0.00% | 12.87% | ||||||||||||||||||||||
2010 |
0.25% | 451,505 | 15.214771 | 6,869,545 | 0.00% | 12.81% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
VPS International Value Portfolio - Class A (ALVIVA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 286,615 | $ | 8.446277 | $ | 2,420,830 | 3.43% | -6.21% | ||||||||||||||||||||
2014 |
0.20% | 180,956 | 8.301038 | 1,502,123 | 3.43% | -6.40% | ||||||||||||||||||||||
2014 |
0.25% | 552,604 | 8.265079 | 4,567,316 | 3.43% | -6.45% | ||||||||||||||||||||||
2013 |
0.00% | 517,203 | 9.005605 | 4,657,726 | 6.94% | 23.00% | ||||||||||||||||||||||
2013 |
0.20% | 183,877 | 8.868473 | 1,630,708 | 6.94% | 22.76% | ||||||||||||||||||||||
2013 |
0.25% | 605,126 | 8.834487 | 5,345,978 | 6.94% | 22.70% | ||||||||||||||||||||||
2012 |
0.00% | 304,664 | 7.321422 | 2,230,574 | 1.40% | 14.53% | ||||||||||||||||||||||
2012 |
0.20% | 168,677 | 7.224352 | 1,218,582 | 1.40% | 14.30% | ||||||||||||||||||||||
2012 |
0.25% | 662,753 | 7.200265 | 4,771,997 | 1.40% | 14.25% | ||||||||||||||||||||||
2011 |
0.00% | 267,669 | 6.392469 | 1,711,066 | 3.98% | -19.25% | ||||||||||||||||||||||
2011 |
0.20% | 344,180 | 6.320359 | 2,175,341 | 3.98% | -19.41% | ||||||||||||||||||||||
2011 |
0.25% | 1,118,669 | 6.302451 | 7,050,357 | 3.98% | -19.45% | ||||||||||||||||||||||
2010 |
0.00% | 200,883 | 7.916459 | 1,590,282 | 2.85% | 4.59% | ||||||||||||||||||||||
2010 |
0.20% | 257,323 | 7.842837 | 2,018,142 | 2.85% | 4.38% | ||||||||||||||||||||||
2010 |
0.25% | 1,687,168 | 7.824523 | 13,201,285 | 2.85% | 4.33% | ||||||||||||||||||||||
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 327,750 | 39.225701 | 12,856,224 | 0.72% | 9.20% | ||||||||||||||||||||||
2014 |
0.20% | 75,593 | 38.320927 | 2,896,794 | 0.72% | 8.98% | ||||||||||||||||||||||
2014 |
0.25% | 111,832 | 38.098085 | 4,260,585 | 0.72% | 8.93% | ||||||||||||||||||||||
2013 |
0.00% | 261,670 | 35.921574 | 9,399,598 | 0.63% | 38.06% | ||||||||||||||||||||||
2013 |
0.20% | 60,120 | 35.163273 | 2,114,016 | 0.63% | 37.78% | ||||||||||||||||||||||
2013 |
0.25% | 91,538 | 34.976283 | 3,201,659 | 0.63% | 37.71% | ||||||||||||||||||||||
2012 |
0.00% | 246,289 | 26.019263 | 6,408,258 | 0.56% | 18.75% | ||||||||||||||||||||||
2012 |
0.20% | 69,059 | 25.520947 | 1,762,451 | 0.56% | 18.51% | ||||||||||||||||||||||
2012 |
0.25% | 78,182 | 25.397917 | 1,985,660 | 0.56% | 18.45% | ||||||||||||||||||||||
2011 |
0.00% | 255,634 | 21.911401 | 5,601,299 | 0.47% | -8.39% | ||||||||||||||||||||||
2011 |
0.20% | 105,642 | 21.534889 | 2,274,989 | 0.47% | -8.57% | ||||||||||||||||||||||
2011 |
0.25% | 120,161 | 21.441818 | 2,576,470 | 0.47% | -8.62% | ||||||||||||||||||||||
2010 |
0.00% | 276,981 | 23.918151 | 6,624,873 | 0.45% | 26.91% | ||||||||||||||||||||||
2010 |
0.20% | 11,224 | 23.554154 | 264,372 | 0.45% | 26.65% | ||||||||||||||||||||||
2010 |
0.25% | 194,464 | 23.464072 | 4,562,917 | 0.45% | 26.59% | ||||||||||||||||||||||
VP Capital Appreciation Fund - Class I (ACVCA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 12,862 | 11.086033 | 142,589 | 0.00% | 10.86% | 4/25/2014 | |||||||||||||||||||||
2014 |
0.10% | 36,389 | 11.078445 | 403,134 | 0.00% | 10.78% | 4/25/2014 | |||||||||||||||||||||
2014 |
0.20% | 57,894 | 11.070868 | 640,937 | 0.00% | 10.71% | 4/25/2014 | |||||||||||||||||||||
2014 |
0.25% | 37,927 | 11.067076 | 419,741 | 0.00% | 10.67% | 4/25/2014 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VP Income & Growth Fund - Class I (ACVIG) | ||||||||||||||||||||||||||
2014 |
0.00% | 620,823 | $ | 28.210605 | $ | 17,513,792 | 2.04% | 12.50% | ||||||||||||||||||
2014 |
0.10% | 73,599 | 21.379946 | 1,573,543 | 2.04% | 12.39% | ||||||||||||||||||||
2014 |
0.20% | 95,825 | 20.756489 | 1,988,991 | 2.04% | 12.28% | ||||||||||||||||||||
2014 |
0.25% | 109,387 | 20.610781 | 2,254,552 | 2.04% | 12.22% | ||||||||||||||||||||
2013 |
0.00% | 666,647 | 25.075388 | 16,716,432 | 2.22% | 35.82% | ||||||||||||||||||||
2013 |
0.10% | 58,965 | 19.022865 | 1,121,683 | 2.22% | 35.68% | ||||||||||||||||||||
2013 |
0.20% | 76,367 | 18.486622 | 1,411,768 | 2.22% | 35.55% | ||||||||||||||||||||
2013 |
0.25% | 98,961 | 18.366027 | 1,817,520 | 2.22% | 35.48% | ||||||||||||||||||||
2012 |
0.00% | 710,262 | 18.462191 | 13,112,993 | 2.10% | 14.74% | ||||||||||||||||||||
2012 |
0.10% | 74,411 | 14.019920 | 1,043,236 | 2.10% | 14.63% | ||||||||||||||||||||
2012 |
0.20% | 98,053 | 13.638317 | 1,337,278 | 2.10% | 14.51% | ||||||||||||||||||||
2012 |
0.25% | 101,923 | 13.556114 | 1,381,680 | 2.10% | 14.46% | ||||||||||||||||||||
2011 |
0.00% | 786,408 | 16.089880 | 12,653,210 | 1.56% | 3.11% | ||||||||||||||||||||
2011 |
0.10% | 93,936 | 12.230669 | 1,148,900 | 1.56% | 3.01% | ||||||||||||||||||||
2011 |
0.20% | 118,559 | 11.909699 | 1,412,002 | 1.56% | 2.91% | ||||||||||||||||||||
2011 |
0.25% | 99,798 | 11.843849 | 1,181,992 | 1.56% | 2.86% | ||||||||||||||||||||
2010 |
0.00% | 850,874 | 15.604299 | 13,277,292 | 1.54% | 14.15% | ||||||||||||||||||||
2010 |
0.10% | 88,094 | 11.873399 | 1,045,975 | 1.54% | 14.03% | ||||||||||||||||||||
2010 |
0.20% | 139,375 | 11.573339 | 1,613,034 | 1.54% | 13.92% | ||||||||||||||||||||
2010 |
0.25% | 93,837 | 11.515093 | 1,080,542 | 1.54% | 13.86% | ||||||||||||||||||||
VP Inflation Protection Fund - Class II (ACVIP2) | ||||||||||||||||||||||||||
2014 |
0.00% | 783,544 | 15.962763 | 12,507,527 | 1.30% | 3.30% | ||||||||||||||||||||
2013 |
0.00% | 880,216 | 15.452863 | 13,601,857 | 1.80% | -8.48% | ||||||||||||||||||||
2012 |
0.00% | 2,163,527 | 16.884507 | 36,530,087 | 2.45% | 7.39% | ||||||||||||||||||||
2011 |
0.00% | 2,138,750 | 15.723236 | 33,628,071 | 4.02% | 11.74% | ||||||||||||||||||||
2010 |
0.00% | 2,220,925 | 14.070730 | 31,250,036 | 1.67% | 5.12% | ||||||||||||||||||||
VP International Fund - Class I (ACVI) | ||||||||||||||||||||||||||
2014 |
0.00% | 478 | 22.531408 | 10,770 | 1.93% | -5.51% | ||||||||||||||||||||
2014 |
0.10% | 42,373 | 18.221565 | 772,102 | 1.93% | -5.60% | ||||||||||||||||||||
2014 |
0.20% | 20,376 | 14.213622 | 289,617 | 1.93% | -5.70% | ||||||||||||||||||||
2014 |
0.25% | 55,781 | 14.113952 | 787,290 | 1.93% | -5.74% | ||||||||||||||||||||
2013 |
0.00% | 478 | 23.844377 | 11,398 | 1.66% | 22.41% | ||||||||||||||||||||
2013 |
0.10% | 47,393 | 19.302687 | 914,812 | 1.66% | 22.29% | ||||||||||||||||||||
2013 |
0.20% | 80,839 | 15.072019 | 1,218,407 | 1.66% | 22.17% | ||||||||||||||||||||
2013 |
0.25% | 114,132 | 14.973813 | 1,708,991 | 1.66% | 22.10% | ||||||||||||||||||||
2012 |
0.00% | 478 | 19.479115 | 9,311 | 0.95% | 21.16% | ||||||||||||||||||||
2012 |
0.10% | 62,568 | 15.784654 | 987,614 | 0.95% | 21.04% | ||||||||||||||||||||
2012 |
0.20% | 81,406 | 12.337365 | 1,004,336 | 0.95% | 20.92% | ||||||||||||||||||||
2012 |
0.25% | 124,136 | 12.263107 | 1,522,293 | 0.95% | 20.86% | ||||||||||||||||||||
2011 |
0.00% | 478 | 16.077026 | 7,685 | 2.03% | -12.04% | ||||||||||||||||||||
2011 |
0.10% | 86,616 | 13.040872 | 1,129,548 | 2.03% | -12.13% | ||||||||||||||||||||
2011 |
0.20% | 82,449 | 10.203033 | 841,230 | 2.03% | -12.22% | ||||||||||||||||||||
2011 |
0.25% | 210,964 | 10.146695 | 2,140,587 | 2.03% | -12.26% | ||||||||||||||||||||
2010 |
0.00% | 478 | 18.277925 | 8,737 | 2.46% | 13.29% | ||||||||||||||||||||
2010 |
0.10% | 83,179 | 14.840952 | 1,234,456 | 2.46% | 13.18% | ||||||||||||||||||||
2010 |
0.20% | 82,185 | 11.623003 | 955,237 | 2.46% | 13.07% | ||||||||||||||||||||
2010 |
0.25% | 657,819 | 11.564596 | 7,607,411 | 2.46% | 13.01% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VP Mid Cap Value Fund - Class I (ACVMV1) | ||||||||||||||||||||||||||
2014 |
0.00% | 374,202 | $ | 27.298795 | $ | 10,215,264 | 1.17% | 16.42% | ||||||||||||||||||
2014 |
0.20% | 21,248 | 26.776248 | 568,942 | 1.17% | 16.19% | ||||||||||||||||||||
2014 |
0.25% | 97,396 | 26.647083 | 2,595,319 | 1.17% | 16.13% | ||||||||||||||||||||
2013 |
0.00% | 340,654 | 23.448028 | 7,987,665 | 1.23% | 30.11% | ||||||||||||||||||||
2013 |
0.20% | 49,119 | 23.045206 | 1,131,957 | 1.23% | 29.85% | ||||||||||||||||||||
2013 |
0.25% | 92,345 | 22.945511 | 2,118,903 | 1.23% | 29.79% | ||||||||||||||||||||
2012 |
0.00% | 268,264 | 18.021035 | 4,834,395 | 2.06% | 16.33% | ||||||||||||||||||||
2012 |
0.20% | 40,982 | 17.746877 | 727,303 | 2.06% | 16.09% | ||||||||||||||||||||
2012 |
0.25% | 88,101 | 17.678937 | 1,557,532 | 2.06% | 16.04% | ||||||||||||||||||||
2011 |
0.00% | 243,163 | 15.491583 | 3,766,980 | 1.38% | -0.69% | ||||||||||||||||||||
2011 |
0.20% | 4,491 | 15.286517 | 68,652 | 1.38% | -0.89% | ||||||||||||||||||||
2011 |
0.25% | 90,003 | 15.235631 | 1,371,252 | 1.38% | -0.94% | ||||||||||||||||||||
2010 |
0.00% | 207,868 | 15.599747 | 3,242,688 | 2.38% | 19.25% | ||||||||||||||||||||
2010 |
0.20% | 267 | 15.424007 | 4,118 | 2.38% | 19.02% | ||||||||||||||||||||
2010 |
0.25% | 75,893 | 15.380339 | 1,167,260 | 2.38% | 18.96% | ||||||||||||||||||||
VP Ultra(R) Fund - Class I (ACVU1) | ||||||||||||||||||||||||||
2014 |
0.10% | 48,289 | 20.808430 | 1,004,818 | 0.36% | 9.88% | ||||||||||||||||||||
2014 |
0.25% | 29,093 | 20.416753 | 593,985 | 0.36% | 9.72% | ||||||||||||||||||||
2013 |
0.10% | 49,193 | 18.936563 | 931,546 | 0.52% | 36.94% | ||||||||||||||||||||
2013 |
0.25% | 25,479 | 18.608010 | 474,113 | 0.52% | 36.73% | ||||||||||||||||||||
2012 |
0.10% | 58,200 | 13.828695 | 804,830 | 0.00% | 13.81% | ||||||||||||||||||||
2012 |
0.20% | 1,879 | 13.681924 | 25,708 | 0.00% | 13.70% | ||||||||||||||||||||
2012 |
0.25% | 27,639 | 13.609145 | 376,143 | 0.00% | 13.64% | ||||||||||||||||||||
2011 |
0.10% | 96,658 | 12.150697 | 1,174,462 | 0.00% | 0.97% | ||||||||||||||||||||
2011 |
0.20% | 1,235 | 12.033779 | 14,862 | 0.00% | 0.86% | ||||||||||||||||||||
2011 |
0.25% | 21,670 | 11.975768 | 259,515 | 0.00% | 0.81% | ||||||||||||||||||||
2010 |
0.10% | 65,269 | 12.034525 | 785,481 | 0.53% | 15.97% | ||||||||||||||||||||
2010 |
0.20% | 720 | 11.930621 | 8,590 | 0.53% | 15.85% | ||||||||||||||||||||
2010 |
0.25% | 20,009 | 11.879037 | 237,688 | 0.53% | 15.79% | ||||||||||||||||||||
VP Value Fund - Class I (ACVV) | ||||||||||||||||||||||||||
2014 |
0.00% | 98,380 | 36.207932 | 3,562,136 | 1.56% | 13.08% | ||||||||||||||||||||
2014 |
0.10% | 106,841 | 35.306045 | 3,772,133 | 1.56% | 12.97% | ||||||||||||||||||||
2014 |
0.20% | 83,440 | 30.308269 | 2,528,922 | 1.56% | 12.85% | ||||||||||||||||||||
2014 |
0.25% | 524,830 | 30.095564 | 15,795,055 | 1.56% | 12.80% | ||||||||||||||||||||
2013 |
0.00% | 88,716 | 32.019810 | 2,840,669 | 1.65% | 31.73% | ||||||||||||||||||||
2013 |
0.10% | 93,423 | 31.253476 | 2,919,793 | 1.65% | 31.59% | ||||||||||||||||||||
2013 |
0.20% | 52,498 | 26.856208 | 1,409,897 | 1.65% | 31.46% | ||||||||||||||||||||
2013 |
0.25% | 488,846 | 26.681063 | 13,042,931 | 1.65% | 31.40% | ||||||||||||||||||||
2012 |
0.00% | 76,100 | 24.307940 | 1,849,834 | 1.93% | 14.58% | ||||||||||||||||||||
2012 |
0.10% | 104,420 | 23.749898 | 2,479,964 | 1.93% | 14.46% | ||||||||||||||||||||
2012 |
0.20% | 39,924 | 20.428748 | 815,597 | 1.93% | 14.35% | ||||||||||||||||||||
2012 |
0.25% | 420,143 | 20.305662 | 8,531,282 | 1.93% | 14.29% | ||||||||||||||||||||
2011 |
0.00% | 58,917 | 21.215636 | 1,249,962 | 1.94% | 1.01% | ||||||||||||||||||||
2011 |
0.10% | 134,565 | 20.749366 | 2,792,138 | 1.94% | 0.91% | ||||||||||||||||||||
2011 |
0.20% | 152,212 | 17.865705 | 2,719,375 | 1.94% | 0.81% | ||||||||||||||||||||
2011 |
0.25% | 446,252 | 17.766964 | 7,928,543 | 1.94% | 0.76% | ||||||||||||||||||||
2010 |
0.00% | 36,231 | 21.002542 | 760,943 | 1.87% | 13.42% | ||||||||||||||||||||
2010 |
0.10% | 128,712 | 20.561475 | 2,646,509 | 1.87% | 13.31% | ||||||||||||||||||||
2010 |
0.20% | 123,078 | 17.721598 | 2,181,139 | 1.87% | 13.20% | ||||||||||||||||||||
2010 |
0.25% | 720,784 | 17.632449 | 12,709,187 | 1.87% | 13.14% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
MidCap Stock Portfolio - Initial Shares (DVMCS) | ||||||||||||||||||||||||||
2014 |
0.00% | 469 | $ | 33.517249 | $ | 15,720 | 0.81% | 12.09% | ||||||||||||||||||
2014 |
0.10% | 39,782 | 33.106688 | 1,317,050 | 0.81% | 11.98% | ||||||||||||||||||||
2014 |
0.20% | 10,198 | 32.701125 | 333,486 | 0.81% | 11.87% | ||||||||||||||||||||
2014 |
0.25% | 54,442 | 32.500253 | 1,769,379 | 0.81% | 11.81% | ||||||||||||||||||||
2013 |
0.10% | 35,855 | 29.565253 | 1,060,062 | 1.18% | 34.86% | ||||||||||||||||||||
2013 |
0.25% | 20,083 | 29.067260 | 583,758 | 1.18% | 34.66% | ||||||||||||||||||||
2012 |
0.10% | 38,571 | 21.923330 | 845,605 | 0.48% | 19.55% | ||||||||||||||||||||
2012 |
0.25% | 17,878 | 21.586376 | 385,921 | 0.48% | 19.38% | ||||||||||||||||||||
2011 |
0.10% | 43,424 | 18.337473 | 796,286 | 0.73% | 0.29% | ||||||||||||||||||||
2011 |
0.25% | 18,036 | 18.082797 | 326,141 | 0.73% | 0.14% | ||||||||||||||||||||
2010 |
0.10% | 47,760 | 18.283588 | 873,224 | 0.78% | 26.97% | ||||||||||||||||||||
2010 |
0.25% | 44,864 | 18.056676 | 810,095 | 0.78% | 26.78% | ||||||||||||||||||||
Small Cap Stock Index Portfolio - Service Shares (DVSCS) | ||||||||||||||||||||||||||
2014 |
0.00% | 624,778 | 29.396200 | 18,366,099 | 0.55% | 5.12% | ||||||||||||||||||||
2014 |
0.10% | 97,766 | 29.026163 | 2,837,772 | 0.55% | 5.02% | ||||||||||||||||||||
2014 |
0.20% | 934,202 | 28.660785 | 26,774,963 | 0.55% | 4.91% | ||||||||||||||||||||
2014 |
0.25% | 1,614,486 | 28.479841 | 45,980,305 | 0.55% | 4.86% | ||||||||||||||||||||
2013 |
0.00% | 651,809 | 27.964008 | 18,227,192 | 0.95% | 40.71% | ||||||||||||||||||||
2013 |
0.10% | 89,213 | 27.639636 | 2,465,815 | 0.95% | 40.57% | ||||||||||||||||||||
2013 |
0.20% | 878,154 | 27.319009 | 23,990,297 | 0.95% | 40.43% | ||||||||||||||||||||
2013 |
0.25% | 1,345,720 | 27.160116 | 36,549,911 | 0.95% | 40.36% | ||||||||||||||||||||
2012 |
0.00% | 615,579 | 19.873008 | 12,233,406 | 0.44% | 15.74% | ||||||||||||||||||||
2012 |
0.10% | 101,734 | 19.662128 | 2,000,307 | 0.44% | 15.63% | ||||||||||||||||||||
2012 |
0.20% | 628,591 | 19.453459 | 12,228,269 | 0.44% | 15.51% | ||||||||||||||||||||
2012 |
0.25% | 1,097,714 | 19.349975 | 21,240,738 | 0.44% | 15.45% | ||||||||||||||||||||
2011 |
0.00% | 616,559 | 17.170194 | 10,586,438 | 0.58% | 0.56% | ||||||||||||||||||||
2011 |
0.10% | 129,294 | 17.005028 | 2,198,648 | 0.58% | 0.46% | ||||||||||||||||||||
2011 |
0.20% | 491,347 | 16.841422 | 8,274,982 | 0.58% | 0.36% | ||||||||||||||||||||
2011 |
0.25% | 1,140,414 | 16.760220 | 19,113,590 | 0.58% | 0.31% | ||||||||||||||||||||
2010 |
0.00% | 595,639 | 17.074091 | 10,169,994 | 0.58% | 25.83% | ||||||||||||||||||||
2010 |
0.10% | 136,498 | 16.926721 | 2,310,464 | 0.58% | 25.70% | ||||||||||||||||||||
2010 |
0.20% | 484,419 | 16.780615 | 8,128,849 | 0.58% | 25.58% | ||||||||||||||||||||
2010 |
0.25% | 890,399 | 16.708035 | 14,876,818 | 0.58% | 25.51% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Appreciation Portfolio - Initial Shares (DCAP) | ||||||||||||||||||||||||||
2014 |
0.00% | 670,354 | $ | 28.328449 | $ | 18,990,089 | 1.81% | 8.09% | ||||||||||||||||||
2014 |
0.10% | 67,043 | 20.625601 | 1,382,802 | 1.81% | 7.98% | ||||||||||||||||||||
2014 |
0.20% | 56,673 | 19.100354 | 1,082,474 | 1.81% | 7.88% | ||||||||||||||||||||
2014 |
0.25% | 341,797 | 18.966325 | 6,482,633 | 1.81% | 7.82% | ||||||||||||||||||||
2013 |
0.00% | 739,540 | 26.207830 | 19,381,739 | 1.96% | 21.10% | ||||||||||||||||||||
2013 |
0.10% | 72,101 | 19.100698 | 1,377,179 | 1.96% | 20.98% | ||||||||||||||||||||
2013 |
0.20% | 68,038 | 17.705908 | 1,204,675 | 1.96% | 20.86% | ||||||||||||||||||||
2013 |
0.25% | 780,497 | 17.590458 | 13,729,300 | 1.96% | 20.80% | ||||||||||||||||||||
2012 |
0.00% | 906,682 | 21.640941 | 19,621,452 | 3.70% | 10.43% | ||||||||||||||||||||
2012 |
0.10% | 116,955 | 15.788040 | 1,846,490 | 3.70% | 10.32% | ||||||||||||||||||||
2012 |
0.20% | 168,235 | 14.649790 | 2,464,607 | 3.70% | 10.21% | ||||||||||||||||||||
2012 |
0.25% | 768,680 | 14.561536 | 11,193,161 | 3.70% | 10.15% | ||||||||||||||||||||
2011 |
0.00% | 858,429 | 19.596966 | 16,822,604 | 1.65% | 9.01% | ||||||||||||||||||||
2011 |
0.10% | 119,200 | 14.311206 | 1,705,896 | 1.65% | 8.90% | ||||||||||||||||||||
2011 |
0.20% | 125,298 | 13.292747 | 1,665,555 | 1.65% | 8.79% | ||||||||||||||||||||
2011 |
0.25% | 655,712 | 13.219278 | 8,668,039 | 1.65% | 8.74% | ||||||||||||||||||||
2010 |
0.00% | 843,704 | 17.976967 | 15,167,239 | 2.23% | 15.32% | ||||||||||||||||||||
2010 |
0.10% | 103,883 | 13.141262 | 1,365,154 | 2.23% | 15.20% | ||||||||||||||||||||
2010 |
0.20% | 119,634 | 12.218237 | 1,461,717 | 2.23% | 15.09% | ||||||||||||||||||||
2010 |
0.25% | 597,689 | 12.156773 | 7,265,969 | 2.23% | 15.03% | ||||||||||||||||||||
Opportunistic Small Cap Portfolio: Initial Shares (DSC) | ||||||||||||||||||||||||||
2014 |
0.00% | 47,065 | 22.681585 | 1,067,509 | 0.00% | 1.59% | ||||||||||||||||||||
2013 |
0.00% | 61,048 | 22.325546 | 1,362,930 | 0.00% | 48.55% | ||||||||||||||||||||
2012 |
0.00% | 61,690 | 15.029274 | 927,156 | 0.00% | 20.56% | ||||||||||||||||||||
2011 |
0.00% | 57,519 | 12.465849 | 717,023 | 0.43% | -13.85% | ||||||||||||||||||||
2010 |
0.00% | 72,500 | 14.469098 | 1,049,010 | 0.70% | 31.15% | ||||||||||||||||||||
International Value Portfolio - Initial Shares (DVIV) | ||||||||||||||||||||||||||
2014 |
0.00% | 24,181 | 19.387863 | 468,818 | 2.00% | -9.32% | ||||||||||||||||||||
2014 |
0.10% | 39,503 | 19.150323 | 756,495 | 2.00% | -9.41% | ||||||||||||||||||||
2014 |
0.20% | 78,171 | 18.915741 | 1,478,662 | 2.00% | -9.50% | ||||||||||||||||||||
2014 |
0.25% | 149,348 | 18.799462 | 2,807,662 | 2.00% | -9.55% | ||||||||||||||||||||
2013 |
0.00% | 21,448 | 21.380338 | 458,565 | 2.00% | 22.99% | ||||||||||||||||||||
2013 |
0.10% | 35,583 | 21.139524 | 752,208 | 2.00% | 22.87% | ||||||||||||||||||||
2013 |
0.20% | 106,577 | 20.901474 | 2,227,616 | 2.00% | 22.75% | ||||||||||||||||||||
2013 |
0.25% | 382,627 | 20.783391 | 7,952,287 | 2.00% | 22.69% | ||||||||||||||||||||
2012 |
0.00% | 20,685 | 17.383341 | 359,574 | 3.81% | 12.67% | ||||||||||||||||||||
2012 |
0.10% | 38,821 | 17.204731 | 667,905 | 3.81% | 12.55% | ||||||||||||||||||||
2012 |
0.20% | 101,836 | 17.028001 | 1,734,064 | 3.81% | 12.44% | ||||||||||||||||||||
2012 |
0.25% | 389,888 | 16.940266 | 6,604,806 | 3.81% | 12.38% | ||||||||||||||||||||
2011 |
0.00% | 13,744 | 15.429086 | 212,057 | 2.15% | -18.48% | ||||||||||||||||||||
2011 |
0.10% | 50,393 | 15.285871 | 770,301 | 2.15% | -18.56% | ||||||||||||||||||||
2011 |
0.20% | 403,332 | 15.144010 | 6,108,064 | 2.15% | -18.64% | ||||||||||||||||||||
2011 |
0.25% | 484,217 | 15.073543 | 7,298,866 | 2.15% | -18.68% | ||||||||||||||||||||
2010 |
0.00% | 10,726 | 18.926715 | 203,008 | 1.87% | 4.45% | ||||||||||||||||||||
2010 |
0.10% | 56,264 | 18.769778 | 1,056,063 | 1.87% | 4.35% | ||||||||||||||||||||
2010 |
0.20% | 425,859 | 18.614188 | 7,927,019 | 1.87% | 4.25% | ||||||||||||||||||||
2010 |
0.25% | 760,614 | 18.536839 | 14,099,379 | 1.87% | 4.19% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 3,857 | $ | 15.040880 | $ | 58,013 | 0.72% | 5.09% | ||||||||||||||||||||
2014 |
0.20% | 27,163 | 14.823987 | 402,664 | 0.72% | 4.88% | ||||||||||||||||||||||
2014 |
0.25% | 17,121 | 14.770258 | 252,882 | 0.72% | 4.83% | ||||||||||||||||||||||
2013 |
0.00% | 79,541 | 14.311958 | 1,138,387 | 0.53% | 34.70% | ||||||||||||||||||||||
2013 |
0.20% | 20,031 | 14.133817 | 283,114 | 0.53% | 34.43% | ||||||||||||||||||||||
2013 |
0.25% | 24,523 | 14.089630 | 345,520 | 0.53% | 34.36% | ||||||||||||||||||||||
2012 |
0.00% | 11,694 | 10.625374 | 124,253 | 1.21% | 13.38% | ||||||||||||||||||||||
2012 |
0.20% | 14,154 | 10.514104 | 148,817 | 1.21% | 13.15% | ||||||||||||||||||||||
2012 |
0.25% | 32,089 | 10.486475 | 336,500 | 1.21% | 13.10% | ||||||||||||||||||||||
2011 |
0.00% | 9,646 | 9.371332 | 90,396 | 0.59% | -6.33% | ||||||||||||||||||||||
2011 |
0.20% | 117,245 | 9.291802 | 1,089,417 | 0.59% | -6.52% | ||||||||||||||||||||||
2011 |
0.25% | 68,729 | 9.272036 | 637,258 | 0.59% | -6.57% | ||||||||||||||||||||||
2010 |
0.00% | 14,853 | 10.004800 | 148,601 | 0.91% | 22.66% | ||||||||||||||||||||||
2010 |
0.20% | 105,748 | 9.939712 | 1,051,105 | 0.91% | 22.42% | ||||||||||||||||||||||
2010 |
0.25% | 66,739 | 9.923523 | 662,286 | 0.91% | 22.36% | ||||||||||||||||||||||
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 2,816 | 14.474185 | 40,759 | 1.40% | 10.14% | ||||||||||||||||||||||
2014 |
0.25% | 7,950 | 14.447661 | 114,859 | 1.40% | 10.08% | ||||||||||||||||||||||
2013 |
0.20% | 2,803 | 13.142143 | 36,837 | 1.66% | 30.28% | ||||||||||||||||||||||
2013 |
0.25% | 8,446 | 13.124631 | 110,851 | 1.66% | 30.21% | ||||||||||||||||||||||
2012 |
0.20% | 1,318 | 10.087692 | 13,296 | 1.67% | 9.22% | ||||||||||||||||||||||
2012 |
0.25% | 11,902 | 10.079282 | 119,964 | 1.67% | 9.16% | ||||||||||||||||||||||
2011 |
0.20% | 2,801 | 9.236333 | 25,871 | 0.00% | -7.64% | 5/2/2011 | |||||||||||||||||||||
2011 |
0.25% | 15,749 | 9.233267 | 145,415 | 0.00% | -7.67% | 5/2/2011 | |||||||||||||||||||||
Managed Tail Risk Fund II: Primary Shares (FVCA2P) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 43,124 | 18.372369 | 792,290 | 1.71% | -0.97% | ||||||||||||||||||||||
2013 |
0.00% | 43,232 | 18.551848 | 802,033 | 0.96% | 16.45% | ||||||||||||||||||||||
2012 |
0.00% | 43,680 | 15.930913 | 695,862 | 0.63% | 10.17% | ||||||||||||||||||||||
2011 |
0.00% | 80,819 | 14.459762 | 1,168,624 | 0.58% | -5.29% | ||||||||||||||||||||||
2010 |
0.00% | 55,080 | 15.267952 | 840,959 | 0.87% | 13.07% | ||||||||||||||||||||||
Quality Bond Fund II - Primary Shares (FQB) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 760,940 | 22.121022 | 16,832,770 | 3.86% | 3.79% | ||||||||||||||||||||||
2014 |
0.10% | 49,705 | 21.777285 | 1,082,440 | 3.86% | 3.69% | ||||||||||||||||||||||
2014 |
0.20% | 44,039 | 21.438891 | 944,147 | 3.86% | 3.59% | ||||||||||||||||||||||
2014 |
0.25% | 429,116 | 21.271652 | 9,128,006 | 3.86% | 3.53% | ||||||||||||||||||||||
2013 |
0.00% | 786,537 | 21.312631 | 16,763,173 | 4.25% | 1.03% | ||||||||||||||||||||||
2013 |
0.10% | 36,888 | 21.002441 | 774,738 | 4.25% | 0.93% | ||||||||||||||||||||||
2013 |
0.20% | 15,168 | 20.696773 | 313,929 | 4.25% | 0.83% | ||||||||||||||||||||||
2013 |
0.25% | 511,091 | 20.545590 | 10,500,666 | 4.25% | 0.78% | ||||||||||||||||||||||
2012 |
0.00% | 838,044 | 21.094313 | 17,677,962 | 4.22% | 9.72% | ||||||||||||||||||||||
2012 |
0.10% | 43,716 | 20.808093 | 909,647 | 4.22% | 9.61% | ||||||||||||||||||||||
2012 |
0.20% | 15,627 | 20.525765 | 320,756 | 4.22% | 9.50% | ||||||||||||||||||||||
2012 |
0.25% | 558,099 | 20.386022 | 11,377,418 | 4.22% | 9.45% | ||||||||||||||||||||||
2011 |
0.00% | 922,533 | 19.225225 | 17,735,904 | 5.17% | 2.27% | ||||||||||||||||||||||
2011 |
0.10% | 53,578 | 18.983394 | 1,017,092 | 5.17% | 2.17% | ||||||||||||||||||||||
2011 |
0.20% | 8,024 | 18.744605 | 150,407 | 5.17% | 2.07% | ||||||||||||||||||||||
2011 |
0.25% | 765,984 | 18.626322 | 14,267,465 | 5.17% | 2.02% | ||||||||||||||||||||||
2010 |
0.00% | 1,065,571 | 18.798086 | 20,030,695 | 4.78% | 8.50% | ||||||||||||||||||||||
2010 |
0.10% | 73,085 | 18.580145 | 1,357,930 | 4.78% | 8.40% | ||||||||||||||||||||||
2010 |
0.20% | 2,408 | 18.364732 | 44,222 | 4.78% | 8.29% | ||||||||||||||||||||||
2010 |
0.25% | 852,101 | 18.257953 | 15,557,620 | 4.78% | 8.23% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP Contrafund(R) Portfolio - Service Class (FCS) | ||||||||||||||||||||||||||
2014 |
0.00% | 35,690 | $ | 41.020883 | $ | 1,464,035 | 0.79% | 11.82% | ||||||||||||||||||
2014 |
0.10% | 244,457 | 29.336804 | 7,171,587 | 0.79% | 11.70% | ||||||||||||||||||||
2014 |
0.20% | 614,902 | 27.393898 | 16,844,563 | 0.79% | 11.59% | ||||||||||||||||||||
2014 |
0.25% | 1,281,324 | 27.201727 | 34,854,226 | 0.79% | 11.54% | ||||||||||||||||||||
2013 |
0.00% | 44,502 | 36.685914 | 1,632,597 | 0.97% | 31.14% | ||||||||||||||||||||
2013 |
0.10% | 227,298 | 26.262819 | 5,969,486 | 0.97% | 31.01% | ||||||||||||||||||||
2013 |
0.20% | 694,696 | 24.548020 | 17,053,411 | 0.97% | 30.88% | ||||||||||||||||||||
2013 |
0.25% | 1,740,999 | 24.388004 | 42,459,491 | 0.97% | 30.82% | ||||||||||||||||||||
2012 |
0.00% | 39,228 | 27.973584 | 1,097,348 | 1.22% | 16.31% | ||||||||||||||||||||
2012 |
0.10% | 350,542 | 20.045837 | 7,026,908 | 1.22% | 16.19% | ||||||||||||||||||||
2012 |
0.20% | 750,624 | 18.755703 | 14,078,481 | 1.22% | 16.08% | ||||||||||||||||||||
2012 |
0.25% | 1,859,639 | 18.642752 | 34,668,789 | 1.22% | 16.02% | ||||||||||||||||||||
2011 |
0.00% | 12,792 | 24.051295 | 307,664 | 0.87% | -2.64% | ||||||||||||||||||||
2011 |
0.10% | 472,515 | 17.252407 | 8,152,021 | 0.87% | -2.73% | ||||||||||||||||||||
2011 |
0.20% | 843,296 | 16.158243 | 13,626,182 | 0.87% | -2.83% | ||||||||||||||||||||
2011 |
0.25% | 2,116,454 | 16.068977 | 34,009,251 | 0.87% | -2.88% | ||||||||||||||||||||
2010 |
0.00% | 21,505 | 24.702642 | 531,230 | 0.54% | 17.11% | ||||||||||||||||||||
2010 |
0.10% | 508,353 | 17.737330 | 9,016,825 | 0.54% | 16.99% | ||||||||||||||||||||
2010 |
0.20% | 788,579 | 16.629006 | 13,113,285 | 0.54% | 16.87% | ||||||||||||||||||||
2010 |
0.25% | 2,728,984 | 16.545389 | 45,152,102 | 0.54% | 16.82% | ||||||||||||||||||||
VIP Energy Portfolio - Service Class 2 (FNRS2) | ||||||||||||||||||||||||||
2014 |
0.00% | 405,538 | 19.788975 | 8,025,181 | 0.71% | -12.76% | ||||||||||||||||||||
2013 |
0.00% | 422,224 | 22.684649 | 9,578,003 | 0.68% | 24.15% | ||||||||||||||||||||
2012 |
0.00% | 500,432 | 18.272664 | 9,144,226 | 0.74% | 4.73% | ||||||||||||||||||||
2011 |
0.00% | 594,575 | 17.446617 | 10,373,322 | 0.83% | -5.20% | ||||||||||||||||||||
2010 |
0.00% | 542,677 | 18.403422 | 9,987,114 | 0.35% | 19.16% | ||||||||||||||||||||
VIP Equity-Income Portfolio - Service Class (FEIS) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,768,632 | 26.625089 | 47,089,984 | 2.59% | 8.65% | ||||||||||||||||||||
2014 |
0.10% | 84,793 | 22.992020 | 1,949,562 | 2.59% | 8.54% | ||||||||||||||||||||
2014 |
0.20% | 172,847 | 21.025481 | 3,634,191 | 2.59% | 8.43% | ||||||||||||||||||||
2014 |
0.25% | 501,188 | 20.877991 | 10,463,799 | 2.59% | 8.38% | ||||||||||||||||||||
2013 |
0.00% | 1,946,734 | 24.506129 | 47,706,915 | 2.39% | 28.01% | ||||||||||||||||||||
2013 |
0.10% | 130,184 | 21.183368 | 2,757,736 | 2.39% | 27.88% | ||||||||||||||||||||
2013 |
0.20% | 217,046 | 19.390917 | 4,208,721 | 2.39% | 27.76% | ||||||||||||||||||||
2013 |
0.25% | 759,380 | 19.264514 | 14,629,087 | 2.39% | 27.69% | ||||||||||||||||||||
2012 |
0.00% | 2,108,689 | 19.143712 | 40,368,135 | 2.97% | 17.19% | ||||||||||||||||||||
2012 |
0.10% | 164,157 | 16.564582 | 2,719,192 | 2.97% | 17.07% | ||||||||||||||||||||
2012 |
0.20% | 259,357 | 15.178109 | 3,936,549 | 2.97% | 16.95% | ||||||||||||||||||||
2012 |
0.25% | 808,889 | 15.086704 | 12,203,469 | 2.97% | 16.89% | ||||||||||||||||||||
2011 |
0.00% | 2,387,273 | 16.335975 | 38,998,432 | 2.29% | 0.86% | ||||||||||||||||||||
2011 |
0.10% | 201,437 | 14.149286 | 2,850,190 | 2.29% | 0.76% | ||||||||||||||||||||
2011 |
0.20% | 265,212 | 12.977974 | 3,441,914 | 2.29% | 0.66% | ||||||||||||||||||||
2011 |
0.25% | 729,727 | 12.906284 | 9,418,064 | 2.29% | 0.61% | ||||||||||||||||||||
2010 |
0.00% | 2,608,980 | 16.196839 | 42,257,229 | 1.70% | 15.09% | ||||||||||||||||||||
2010 |
0.10% | 221,619 | 14.042784 | 3,112,148 | 1.70% | 14.97% | ||||||||||||||||||||
2010 |
0.20% | 512,456 | 12.893153 | 6,607,174 | 1.70% | 14.86% | ||||||||||||||||||||
2010 |
0.25% | 1,075,614 | 12.828331 | 13,798,332 | 1.70% | 14.80% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S) | ||||||||||||||||||||||||||
2014 |
0.00% | 120,351 | $ | 17.810892 | $ | 2,143,559 | 1.52% | 4.35% | ||||||||||||||||||
2014 |
0.20% | 18,385 | 17.469979 | 321,186 | 1.52% | 4.14% | ||||||||||||||||||||
2014 |
0.25% | 2,595 | 17.385775 | 45,116 | 1.52% | 4.09% | ||||||||||||||||||||
2013 |
0.00% | 127,302 | 17.068509 | 2,172,855 | 1.61% | 13.39% | ||||||||||||||||||||
2013 |
0.20% | 17,126 | 16.775321 | 287,294 | 1.61% | 13.17% | ||||||||||||||||||||
2013 |
0.25% | 2,425 | 16.702809 | 40,504 | 1.61% | 13.11% | ||||||||||||||||||||
2012 |
0.00% | 131,678 | 15.052634 | 1,982,101 | 1.75% | 11.69% | ||||||||||||||||||||
2012 |
0.20% | 15,546 | 14.823672 | 230,449 | 1.75% | 11.46% | ||||||||||||||||||||
2012 |
0.25% | 2,211 | 14.766979 | 32,650 | 1.75% | 11.41% | ||||||||||||||||||||
2011 |
0.00% | 147,851 | 13.477731 | 1,992,696 | 2.20% | -0.28% | ||||||||||||||||||||
2011 |
0.20% | 27,132 | 13.299351 | 360,838 | 2.20% | -0.48% | ||||||||||||||||||||
2011 |
0.25% | 3,966 | 13.255123 | 52,570 | 2.20% | -0.53% | ||||||||||||||||||||
2010 |
0.00% | 136,140 | 13.516167 | 1,840,091 | 2.19% | 12.74% | ||||||||||||||||||||
2010 |
0.20% | 4,973 | 13.363919 | 66,459 | 2.19% | 12.51% | ||||||||||||||||||||
2010 |
0.25% | 714 | 13.326120 | 9,515 | 2.19% | 12.46% | ||||||||||||||||||||
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S) | ||||||||||||||||||||||||||
2014 |
0.00% | 400,798 | 18.459232 | 7,398,423 | 1.76% | 4.66% | ||||||||||||||||||||
2014 |
0.20% | 273,844 | 18.105869 | 4,958,184 | 1.76% | 4.46% | ||||||||||||||||||||
2014 |
0.25% | 559,360 | 18.018560 | 10,078,862 | 1.76% | 4.40% | ||||||||||||||||||||
2013 |
0.00% | 422,314 | 17.636606 | 7,448,186 | 2.00% | 15.95% | ||||||||||||||||||||
2013 |
0.20% | 183,456 | 17.333636 | 3,179,960 | 2.00% | 15.72% | ||||||||||||||||||||
2013 |
0.25% | 479,412 | 17.258677 | 8,274,017 | 2.00% | 15.67% | ||||||||||||||||||||
2012 |
0.00% | 426,569 | 15.209948 | 6,488,092 | 2.06% | 13.19% | ||||||||||||||||||||
2012 |
0.20% | 161,122 | 14.978574 | 2,413,378 | 2.06% | 12.96% | ||||||||||||||||||||
2012 |
0.25% | 270,796 | 14.921259 | 4,040,617 | 2.06% | 12.90% | ||||||||||||||||||||
2011 |
0.00% | 419,318 | 13.437783 | 5,634,704 | 2.27% | -1.12% | ||||||||||||||||||||
2011 |
0.20% | 107,464 | 13.259920 | 1,424,964 | 2.27% | -1.32% | ||||||||||||||||||||
2011 |
0.25% | 254,766 | 13.215803 | 3,366,937 | 2.27% | -1.37% | ||||||||||||||||||||
2010 |
0.00% | 329,369 | 13.590648 | 4,476,338 | 2.28% | 14.52% | ||||||||||||||||||||
2010 |
0.20% | 17,386 | 13.437543 | 233,625 | 2.28% | 14.29% | ||||||||||||||||||||
2010 |
0.25% | 215,574 | 13.399524 | 2,888,589 | 2.28% | 14.23% | ||||||||||||||||||||
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S) | ||||||||||||||||||||||||||
2014 |
0.00% | 264,765 | 19.265178 | 5,100,745 | 1.60% | 4.86% | ||||||||||||||||||||
2014 |
0.20% | 114,348 | 18.896274 | 2,160,751 | 1.60% | 4.65% | ||||||||||||||||||||
2014 |
0.25% | 144,696 | 18.805145 | 2,721,029 | 1.60% | 4.60% | ||||||||||||||||||||
2013 |
0.00% | 250,440 | 18.372029 | 4,601,091 | 1.87% | 21.50% | ||||||||||||||||||||
2013 |
0.20% | 88,333 | 18.056318 | 1,594,969 | 1.87% | 21.25% | ||||||||||||||||||||
2013 |
0.25% | 104,480 | 17.978225 | 1,878,365 | 1.87% | 21.19% | ||||||||||||||||||||
2012 |
0.00% | 240,346 | 15.121452 | 3,634,381 | 1.99% | 15.48% | ||||||||||||||||||||
2012 |
0.20% | 71,930 | 14.891344 | 1,071,134 | 1.99% | 15.25% | ||||||||||||||||||||
2012 |
0.25% | 64,495 | 14.834352 | 956,742 | 1.99% | 15.19% | ||||||||||||||||||||
2011 |
0.00% | 257,152 | 13.094199 | 3,367,199 | 2.22% | -2.70% | ||||||||||||||||||||
2011 |
0.20% | 89,919 | 12.920810 | 1,161,826 | 2.22% | -2.89% | ||||||||||||||||||||
2011 |
0.25% | 157,867 | 12.877813 | 2,032,982 | 2.22% | -2.94% | ||||||||||||||||||||
2010 |
0.00% | 236,147 | 13.457007 | 3,177,832 | 2.16% | 16.00% | ||||||||||||||||||||
2010 |
0.20% | 8,368 | 13.305353 | 111,339 | 2.16% | 15.77% | ||||||||||||||||||||
2010 |
0.25% | 52,993 | 13.267698 | 703,095 | 2.16% | 15.71% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP Freedom Income Fund Portfolio - Service Class (FFINS) | ||||||||||||||||||||||||||
2014 |
0.20% | 77,001 | $ | 11.834695 | $ | 911,283 | 1.27% | 3.49% | ||||||||||||||||||
2014 |
0.25% | 10,840 | 11.810581 | 128,027 | 1.27% | 3.43% | ||||||||||||||||||||
2013 |
0.20% | 132,461 | 11.436099 | 1,514,837 | 1.48% | 5.17% | ||||||||||||||||||||
2013 |
0.25% | 18,704 | 11.418503 | 213,572 | 1.48% | 5.12% | ||||||||||||||||||||
2012 |
0.20% | 133,054 | 10.874034 | 1,446,834 | 1.44% | 6.21% | ||||||||||||||||||||
2012 |
0.25% | 18,872 | 10.862729 | 205,001 | 1.44% | 6.15% | ||||||||||||||||||||
2011 |
0.20% | 157,557 | 10.238465 | 1,613,142 | 1.77% | 1.36% | ||||||||||||||||||||
2011 |
0.25% | 22,966 | 10.232950 | 235,010 | 1.77% | 1.31% | ||||||||||||||||||||
VIP Growth & Income Portfolio - Service Class (FGIS) | ||||||||||||||||||||||||||
2010 |
0.20% | 7,884 | 8.550246 | 67,410 | 0.70% | 14.43% | ||||||||||||||||||||
2010 |
0.25% | 1,131 | 8.537429 | 9,656 | 0.70% | 14.38% | ||||||||||||||||||||
VIP Growth Opportunities Portfolio - Service Class (FGOS) | ||||||||||||||||||||||||||
2014 |
0.00% | 5,557 | 21.454903 | 119,225 | 0.14% | 12.10% | ||||||||||||||||||||
2014 |
0.10% | 134,645 | 17.188872 | 2,314,396 | 0.14% | 11.99% | ||||||||||||||||||||
2014 |
0.25% | 36,206 | 19.433423 | 703,607 | 0.14% | 11.82% | ||||||||||||||||||||
2013 |
0.00% | 5,557 | 19.138600 | 106,353 | 0.22% | 37.78% | ||||||||||||||||||||
2013 |
0.10% | 100,233 | 15.348474 | 1,538,424 | 0.22% | 37.64% | ||||||||||||||||||||
2013 |
0.25% | 38,141 | 17.378745 | 662,843 | 0.22% | 37.43% | ||||||||||||||||||||
2012 |
0.00% | 5,557 | 13.890993 | 77,192 | 0.29% | 19.46% | ||||||||||||||||||||
2012 |
0.10% | 101,294 | 11.151220 | 1,129,552 | 0.29% | 19.34% | ||||||||||||||||||||
2012 |
0.25% | 38,843 | 12.645225 | 491,178 | 0.29% | 19.16% | ||||||||||||||||||||
2011 |
0.00% | 2 | 11.627899 | 23 | 0.06% | 2.18% | ||||||||||||||||||||
2011 |
0.10% | 167,357 | 9.343842 | 1,563,757 | 0.06% | 2.08% | ||||||||||||||||||||
2011 |
0.25% | 40,559 | 10.611629 | 430,397 | 0.06% | 1.93% | ||||||||||||||||||||
2010 |
0.00% | 2 | 11.379822 | 23 | 0.02% | 23.65% | ||||||||||||||||||||
2010 |
0.10% | 120,418 | 9.153616 | 1,102,260 | 0.02% | 23.53% | ||||||||||||||||||||
2010 |
0.25% | 41,639 | 10.411166 | 433,511 | 0.02% | 23.34% | ||||||||||||||||||||
VIP Growth Portfolio - Service Class (FGS) | ||||||||||||||||||||||||||
2014 |
0.00% | 2,037,432 | 27.940410 | 56,926,685 | 0.10% | 11.19% | ||||||||||||||||||||
2014 |
0.10% | 166,327 | 18.053863 | 3,002,845 | 0.10% | 11.08% | ||||||||||||||||||||
2014 |
0.20% | 570,491 | 15.999907 | 9,127,803 | 0.10% | 10.97% | ||||||||||||||||||||
2014 |
0.25% | 1,256,208 | 15.887528 | 19,958,040 | 0.10% | 10.91% | ||||||||||||||||||||
2013 |
0.00% | 2,161,691 | 25.128956 | 54,321,038 | 0.19% | 36.20% | ||||||||||||||||||||
2013 |
0.10% | 147,168 | 16.253466 | 2,391,990 | 0.19% | 36.07% | ||||||||||||||||||||
2013 |
0.20% | 448,937 | 14.418752 | 6,473,111 | 0.19% | 35.93% | ||||||||||||||||||||
2013 |
0.25% | 1,165,701 | 14.324638 | 16,698,245 | 0.19% | 35.86% | ||||||||||||||||||||
2012 |
0.00% | 2,363,334 | 18.449661 | 43,602,711 | 0.49% | 14.54% | ||||||||||||||||||||
2012 |
0.10% | 187,801 | 11.945210 | 2,243,322 | 0.49% | 14.43% | ||||||||||||||||||||
2012 |
0.20% | 365,060 | 10.607405 | 3,872,339 | 0.49% | 14.32% | ||||||||||||||||||||
2012 |
0.25% | 1,242,450 | 10.543440 | 13,099,697 | 0.49% | 14.26% | ||||||||||||||||||||
2011 |
0.00% | 2,614,645 | 16.106923 | 42,113,886 | 0.25% | 0.14% | ||||||||||||||||||||
2011 |
0.10% | 259,344 | 10.438857 | 2,707,255 | 0.25% | 0.04% | ||||||||||||||||||||
2011 |
0.20% | 332,626 | 9.279050 | 3,086,453 | 0.25% | -0.06% | ||||||||||||||||||||
2011 |
0.25% | 1,292,625 | 9.227724 | 11,927,987 | 0.25% | -0.11% | ||||||||||||||||||||
2010 |
0.00% | 2,828,191 | 16.084224 | 45,489,258 | 0.17% | 24.06% | ||||||||||||||||||||
2010 |
0.10% | 195,448 | 10.434553 | 2,039,413 | 0.17% | 23.93% | ||||||||||||||||||||
2010 |
0.20% | 556,067 | 9.284476 | 5,162,791 | 0.17% | 23.81% | ||||||||||||||||||||
2010 |
0.25% | 1,894,082 | 9.237732 | 17,497,022 | 0.17% | 23.75% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP High Income Portfolio - Service Class (FHIS) | ||||||||||||||||||||||||||
2014 |
0.00% | 249,244 | $ | 18.477945 | $ | 4,605,517 | 5.59% | 1.07% | ||||||||||||||||||
2014 |
0.10% | 102,569 | 18.123527 | 1,858,912 | 5.59% | 0.97% | ||||||||||||||||||||
2014 |
0.20% | 111,476 | 22.952707 | 2,558,676 | 5.59% | 0.87% | ||||||||||||||||||||
2014 |
0.25% | 153,941 | 22.791590 | 3,508,560 | 5.59% | 0.82% | ||||||||||||||||||||
2013 |
0.00% | 277,170 | 18.281495 | 5,067,082 | 5.53% | 5.87% | ||||||||||||||||||||
2013 |
0.10% | 114,927 | 17.948800 | 2,062,802 | 5.53% | 5.77% | ||||||||||||||||||||
2013 |
0.20% | 113,321 | 22.754156 | 2,578,524 | 5.53% | 5.66% | ||||||||||||||||||||
2013 |
0.25% | 169,375 | 22.605727 | 3,828,845 | 5.53% | 5.61% | ||||||||||||||||||||
2012 |
0.00% | 317,308 | 17.267290 | 5,479,049 | 5.66% | 14.20% | ||||||||||||||||||||
2012 |
0.10% | 154,446 | 16.970006 | 2,620,950 | 5.66% | 14.08% | ||||||||||||||||||||
2012 |
0.20% | 117,282 | 21.534843 | 2,525,649 | 5.66% | 13.97% | ||||||||||||||||||||
2012 |
0.25% | 237,112 | 21.405070 | 5,075,399 | 5.66% | 13.91% | ||||||||||||||||||||
2011 |
0.00% | 369,835 | 15.120791 | 5,592,198 | 6.65% | 3.93% | ||||||||||||||||||||
2011 |
0.10% | 138,594 | 14.875369 | 2,061,637 | 6.65% | 3.82% | ||||||||||||||||||||
2011 |
0.20% | 104,993 | 18.895691 | 1,983,915 | 6.65% | 3.72% | ||||||||||||||||||||
2011 |
0.25% | 208,631 | 18.791235 | 3,920,434 | 6.65% | 3.67% | ||||||||||||||||||||
2010 |
0.00% | 456,051 | 14.549690 | 6,635,401 | 7.61% | 13.79% | ||||||||||||||||||||
2010 |
0.10% | 164,151 | 14.327814 | 2,351,925 | 7.61% | 13.67% | ||||||||||||||||||||
2010 |
0.20% | 143,953 | 18.218308 | 2,622,580 | 7.61% | 13.56% | ||||||||||||||||||||
2010 |
0.25% | 183,998 | 18.126634 | 3,335,264 | 7.61% | 13.50% | ||||||||||||||||||||
VIP High Income Portfolio - Service Class R (FHISR) | ||||||||||||||||||||||||||
2014 |
0.00% | 262,020 | 15.400123 | 4,035,140 | 5.61% | 0.99% | ||||||||||||||||||||
2013 |
0.00% | 272,620 | 15.248691 | 4,157,098 | 5.27% | 5.92% | ||||||||||||||||||||
2012 |
0.00% | 338,588 | 14.396142 | 4,874,361 | 5.95% | 14.10% | ||||||||||||||||||||
2011 |
0.00% | 301,013 | 12.617208 | 3,797,944 | 6.95% | 3.99% | ||||||||||||||||||||
2010 |
0.00% | 339,656 | 12.132539 | 4,120,890 | 7.97% | 13.66% | ||||||||||||||||||||
VIP Index 500 Portfolio - Initial Class (FIP) | ||||||||||||||||||||||||||
2014 |
0.20% | 1,871,207 | 16.303370 | 30,506,980 | 1.59% | 13.34% | ||||||||||||||||||||
2014 |
0.25% | 263,815 | 16.246449 | 4,286,057 | 1.59% | 13.29% | ||||||||||||||||||||
2013 |
0.20% | 1,997,333 | 14.384057 | 28,729,752 | 1.87% | 31.98% | ||||||||||||||||||||
2013 |
0.25% | 282,436 | 14.341001 | 4,050,415 | 1.87% | 31.91% | ||||||||||||||||||||
2012 |
0.20% | 2,260,976 | 10.898766 | 24,641,848 | 2.18% | 15.68% | ||||||||||||||||||||
2012 |
0.25% | 321,163 | 10.871578 | 3,491,549 | 2.18% | 15.63% | ||||||||||||||||||||
2011 |
0.20% | 2,038,925 | 9.421216 | 19,209,153 | 1.86% | 1.84% | ||||||||||||||||||||
2011 |
0.25% | 297,628 | 9.402424 | 2,798,425 | 1.86% | 1.78% | ||||||||||||||||||||
2010 |
0.20% | 2,378,076 | 9.251418 | 22,000,575 | 6.89% | 14.79% | ||||||||||||||||||||
2010 |
0.25% | 341,142 | 9.237578 | 3,151,326 | 6.89% | 14.74% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP Investment Grade Bond Portfolio - Service Class (FIGBS) | ||||||||||||||||||||||||||
2014 |
0.00% | 671,792 | $ | 16.750978 | $ | 11,253,173 | 4.79% | 5.75% | ||||||||||||||||||
2014 |
0.10% | 4,337,743 | 16.556719 | 71,818,792 | 4.79% | 5.65% | ||||||||||||||||||||
2014 |
0.20% | 972,633 | 16.364659 | 15,916,807 | 4.79% | 5.54% | ||||||||||||||||||||
2014 |
0.25% | 3,255,181 | 16.269506 | 52,960,187 | 4.79% | 5.49% | ||||||||||||||||||||
2013 |
0.00% | 699,476 | 15.839600 | 11,079,420 | 2.51% | -1.89% | ||||||||||||||||||||
2013 |
0.10% | 51,496 | 15.671570 | 807,023 | 2.51% | -1.99% | ||||||||||||||||||||
2013 |
0.20% | 294,722 | 15.505270 | 4,569,744 | 2.51% | -2.09% | ||||||||||||||||||||
2013 |
0.25% | 1,320,728 | 15.422822 | 20,369,353 | 2.51% | -2.13% | ||||||||||||||||||||
2012 |
0.00% | 803,619 | 16.144635 | 12,974,135 | 2.31% | 5.77% | ||||||||||||||||||||
2012 |
0.10% | 108,259 | 15.989351 | 1,730,991 | 2.31% | 5.66% | ||||||||||||||||||||
2012 |
0.20% | 196,470 | 15.835518 | 3,111,204 | 2.31% | 5.56% | ||||||||||||||||||||
2012 |
0.25% | 982,289 | 15.759183 | 15,480,072 | 2.31% | 5.50% | ||||||||||||||||||||
2011 |
0.00% | 966,381 | 15.264055 | 14,750,893 | 3.27% | 7.21% | ||||||||||||||||||||
2011 |
0.10% | 89,725 | 15.132404 | 1,357,755 | 3.27% | 7.10% | ||||||||||||||||||||
2011 |
0.20% | 79,267 | 15.001845 | 1,189,151 | 3.27% | 6.99% | ||||||||||||||||||||
2011 |
0.25% | 903,088 | 14.937020 | 13,489,444 | 3.27% | 6.94% | ||||||||||||||||||||
2010 |
0.00% | 1,042,979 | 14.237787 | 14,849,713 | 5.00% | 7.68% | ||||||||||||||||||||
2010 |
0.10% | 89,213 | 14.129064 | 1,260,496 | 5.00% | 7.57% | ||||||||||||||||||||
2010 |
0.20% | 34,875 | 14.021133 | 488,987 | 5.00% | 7.46% | ||||||||||||||||||||
2010 |
0.25% | 1,690,841 | 13.967499 | 23,616,820 | 5.00% | 7.41% | ||||||||||||||||||||
VIP Mid Cap Portfolio - Service Class (FMCS) | ||||||||||||||||||||||||||
2014 |
0.00% | 730,974 | 43.589036 | 31,862,452 | 0.16% | 6.20% | ||||||||||||||||||||
2014 |
0.10% | 53,133 | 43.083440 | 2,289,152 | 0.16% | 6.09% | ||||||||||||||||||||
2014 |
0.20% | 93,579 | 42.583780 | 3,984,948 | 0.16% | 5.98% | ||||||||||||||||||||
2014 |
0.25% | 286,504 | 42.336098 | 12,129,461 | 0.16% | 5.93% | ||||||||||||||||||||
2013 |
0.00% | 780,720 | 41.045629 | 32,045,143 | 0.40% | 36.06% | ||||||||||||||||||||
2013 |
0.10% | 47,653 | 40.610146 | 1,935,195 | 0.40% | 35.93% | ||||||||||||||||||||
2013 |
0.20% | 90,859 | 40.179329 | 3,650,654 | 0.40% | 35.79% | ||||||||||||||||||||
2013 |
0.25% | 295,285 | 39.965614 | 11,801,246 | 0.40% | 35.72% | ||||||||||||||||||||
2012 |
0.00% | 839,496 | 30.166927 | 25,325,015 | 0.50% | 14.75% | ||||||||||||||||||||
2012 |
0.10% | 58,544 | 29.876704 | 1,749,102 | 0.50% | 14.64% | ||||||||||||||||||||
2012 |
0.20% | 195,159 | 29.589302 | 5,774,619 | 0.50% | 14.52% | ||||||||||||||||||||
2012 |
0.25% | 290,111 | 29.446618 | 8,542,788 | 0.50% | 14.46% | ||||||||||||||||||||
2011 |
0.00% | 954,537 | 26.289170 | 25,093,985 | 0.14% | -10.72% | ||||||||||||||||||||
2011 |
0.10% | 92,366 | 26.062360 | 2,407,276 | 0.14% | -10.81% | ||||||||||||||||||||
2011 |
0.20% | 179,922 | 25.837533 | 4,648,741 | 0.14% | -10.89% | ||||||||||||||||||||
2011 |
0.25% | 424,274 | 25.725831 | 10,914,801 | 0.14% | -10.94% | ||||||||||||||||||||
2010 |
0.00% | 1,034,040 | 29.444519 | 30,446,810 | 0.28% | 28.70% | ||||||||||||||||||||
2010 |
0.10% | 81,078 | 29.219667 | 2,369,072 | 0.28% | 28.57% | ||||||||||||||||||||
2010 |
0.20% | 124,610 | 28.996539 | 3,613,259 | 0.28% | 28.45% | ||||||||||||||||||||
2010 |
0.25% | 451,307 | 28.885604 | 13,036,275 | 0.28% | 28.38% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP Overseas Portfolio - Service Class (FOS) | ||||||||||||||||||||||||||
2014 |
0.00% | 245,528 | $ | 20.835912 | $ | 5,115,800 | 1.18% | -8.16% | ||||||||||||||||||
2014 |
0.10% | 64,349 | 17.621551 | 1,133,929 | 1.18% | -8.25% | ||||||||||||||||||||
2014 |
0.20% | 21,075 | 15.653432 | 329,896 | 1.18% | -8.34% | ||||||||||||||||||||
2014 |
0.25% | 196,072 | 15.543521 | 3,047,649 | 1.18% | -8.39% | ||||||||||||||||||||
2013 |
0.00% | 276,825 | 22.687278 | 6,280,406 | 1.01% | 30.38% | ||||||||||||||||||||
2013 |
0.10% | 55,959 | 19.206513 | 1,074,777 | 1.01% | 30.25% | ||||||||||||||||||||
2013 |
0.20% | 21,884 | 17.078445 | 373,745 | 1.01% | 30.12% | ||||||||||||||||||||
2013 |
0.25% | 233,249 | 16.967020 | 3,957,540 | 1.01% | 30.05% | ||||||||||||||||||||
2012 |
0.00% | 311,831 | 17.401474 | 5,426,319 | 1.63% | 20.54% | ||||||||||||||||||||
2012 |
0.10% | 75,393 | 14.746394 | 1,111,775 | 1.63% | 20.42% | ||||||||||||||||||||
2012 |
0.20% | 130,929 | 13.125608 | 1,718,523 | 1.63% | 20.30% | ||||||||||||||||||||
2012 |
0.25% | 380,826 | 13.046486 | 4,968,441 | 1.63% | 20.24% | ||||||||||||||||||||
2011 |
0.00% | 358,292 | 14.436160 | 5,172,361 | 1.19% | -17.23% | ||||||||||||||||||||
2011 |
0.10% | 120,357 | 12.245783 | 1,473,866 | 1.19% | -17.31% | ||||||||||||||||||||
2011 |
0.20% | 134,279 | 10.910767 | 1,465,087 | 1.19% | -17.39% | ||||||||||||||||||||
2011 |
0.25% | 681,992 | 10.850436 | 7,399,911 | 1.19% | -17.43% | ||||||||||||||||||||
2010 |
0.00% | 444,043 | 17.440640 | 7,744,394 | 1.27% | 12.99% | ||||||||||||||||||||
2010 |
0.10% | 127,406 | 14.809197 | 1,886,781 | 1.27% | 12.88% | ||||||||||||||||||||
2010 |
0.20% | 120,641 | 13.207916 | 1,593,416 | 1.27% | 12.77% | ||||||||||||||||||||
2010 |
0.25% | 1,141,090 | 13.141451 | 14,995,578 | 1.27% | 12.71% | ||||||||||||||||||||
VIP Overseas Portfolio - Service Class R (FOSR) | ||||||||||||||||||||||||||
2014 |
0.00% | 677,999 | 16.555209 | 11,224,415 | 1.22% | -8.18% | ||||||||||||||||||||
2013 |
0.00% | 711,787 | 18.029345 | 12,833,053 | 1.29% | 30.30% | ||||||||||||||||||||
2012 |
0.00% | 771,330 | 13.836689 | 10,672,653 | 1.81% | 20.67% | ||||||||||||||||||||
2011 |
0.00% | 865,432 | 11.466618 | 9,923,578 | 1.29% | -17.30% | ||||||||||||||||||||
2010 |
0.00% | 901,030 | 13.865532 | 12,493,260 | 1.32% | 13.01% | ||||||||||||||||||||
VIP Value Strategies Portfolio - Service Class (FVSS) | ||||||||||||||||||||||||||
2014 |
0.00% | 149,991 | 26.632186 | 3,994,588 | 0.96% | 6.69% | ||||||||||||||||||||
2014 |
0.10% | 60,267 | 26.296890 | 1,584,835 | 0.96% | 6.59% | ||||||||||||||||||||
2013 |
0.00% | 151,791 | 24.961619 | 3,788,949 | 0.85% | 30.44% | ||||||||||||||||||||
2013 |
0.10% | 56,803 | 24.672018 | 1,401,445 | 0.85% | 30.31% | ||||||||||||||||||||
2013 |
0.25% | 280 | 24.243855 | 6,788 | 0.85% | 30.12% | ||||||||||||||||||||
2012 |
0.00% | 164,712 | 19.135795 | 3,151,895 | 0.49% | 27.10% | ||||||||||||||||||||
2012 |
0.10% | 49,718 | 18.932701 | 941,296 | 0.49% | 26.97% | ||||||||||||||||||||
2012 |
0.25% | 50 | 18.632032 | 932 | 0.49% | 26.78% | ||||||||||||||||||||
2011 |
0.00% | 190,137 | 15.055580 | 2,862,623 | 0.91% | -8.85% | ||||||||||||||||||||
2011 |
0.10% | 64,340 | 14.910722 | 959,356 | 0.91% | -8.94% | ||||||||||||||||||||
2011 |
0.25% | 829 | 14.695999 | 12,183 | 0.91% | -9.07% | ||||||||||||||||||||
2010 |
0.00% | 183,598 | 16.516915 | 3,032,473 | 0.41% | 26.45% | ||||||||||||||||||||
2010 |
0.10% | 63,715 | 16.374356 | 1,043,292 | 0.41% | 26.33% | ||||||||||||||||||||
2010 |
0.25% | 839 | 16.162748 | 13,561 | 0.41% | 26.14% | ||||||||||||||||||||
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S) | ||||||||||||||||||||||||||
2014 |
0.20% | 6,338 | 12.677492 | 80,350 | 2.81% | 3.98% | ||||||||||||||||||||
2014 |
0.25% | 892 | 12.651661 | 11,285 | 2.81% | 3.92% | ||||||||||||||||||||
2013 |
0.20% | 2,142 | 12.192614 | 26,117 | 0.05% | 9.38% | ||||||||||||||||||||
2013 |
0.25% | 302 | 12.173858 | 3,677 | 0.05% | 9.32% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S) | ||||||||||||||||||||||||||
2014 |
0.00% | 35,710 | $ | 14.029245 | $ | 500,984 | 1.73% | 4.63% | ||||||||||||||||||
2014 |
0.20% | 186,893 | 13.843476 | 2,587,249 | 1.73% | 4.42% | ||||||||||||||||||||
2014 |
0.25% | 437,977 | 13.797401 | 6,042,944 | 1.73% | 4.37% | ||||||||||||||||||||
2013 |
0.00% | 29,469 | 13.408840 | 395,145 | 2.10% | 14.24% | ||||||||||||||||||||
2013 |
0.20% | 135,132 | 13.257768 | 1,791,549 | 2.10% | 14.02% | ||||||||||||||||||||
2013 |
0.25% | 396,134 | 13.220251 | 5,236,991 | 2.10% | 13.96% | ||||||||||||||||||||
2012 |
0.00% | 33,712 | 11.737104 | 395,681 | 2.15% | 12.13% | ||||||||||||||||||||
2012 |
0.20% | 109,872 | 11.628088 | 1,277,601 | 2.15% | 11.91% | ||||||||||||||||||||
2012 |
0.25% | 247,648 | 11.600978 | 2,872,959 | 2.15% | 11.85% | ||||||||||||||||||||
2011 |
0.00% | 10,672 | 10.467224 | 111,706 | 2.38% | -0.41% | ||||||||||||||||||||
2011 |
0.20% | 55,142 | 10.390805 | 572,970 | 2.38% | -0.61% | ||||||||||||||||||||
2011 |
0.25% | 318,600 | 10.371781 | 3,304,449 | 2.38% | -0.66% | ||||||||||||||||||||
2010 |
0.00% | 7,055 | 10.510490 | 74,152 | 2.63% | 13.00% | ||||||||||||||||||||
2010 |
0.20% | 20,002 | 10.454598 | 209,113 | 2.63% | 12.78% | ||||||||||||||||||||
2010 |
0.25% | 177,928 | 10.440658 | 1,857,685 | 2.63% | 12.72% | ||||||||||||||||||||
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S) | ||||||||||||||||||||||||||
2014 |
0.00% | 47,263 | 14.409981 | 681,059 | 1.78% | 4.98% | ||||||||||||||||||||
2014 |
0.20% | 211,266 | 14.219157 | 3,004,024 | 1.78% | 4.77% | ||||||||||||||||||||
2014 |
0.25% | 511,302 | 14.171815 | 7,246,077 | 1.78% | 4.72% | ||||||||||||||||||||
2013 |
0.00% | 24,732 | 13.726450 | 339,483 | 1.91% | 19.89% | ||||||||||||||||||||
2013 |
0.20% | 154,136 | 13.571790 | 2,091,901 | 1.91% | 19.65% | ||||||||||||||||||||
2013 |
0.25% | 407,075 | 13.533368 | 5,509,096 | 1.91% | 19.59% | ||||||||||||||||||||
2012 |
0.00% | 10,423 | 11.449402 | 119,337 | 2.04% | 14.97% | ||||||||||||||||||||
2012 |
0.20% | 133,774 | 11.343045 | 1,517,405 | 2.04% | 14.74% | ||||||||||||||||||||
2012 |
0.25% | 449,159 | 11.316590 | 5,082,948 | 2.04% | 14.68% | ||||||||||||||||||||
2011 |
0.00% | 9,293 | 9.958561 | 92,545 | 2.30% | -2.26% | ||||||||||||||||||||
2011 |
0.20% | 68,449 | 9.885849 | 676,676 | 2.30% | -2.45% | ||||||||||||||||||||
2011 |
0.25% | 390,645 | 9.867741 | 3,854,784 | 2.30% | -2.50% | ||||||||||||||||||||
2010 |
0.00% | 2,126 | 10.188758 | 21,661 | 2.55% | 15.70% | ||||||||||||||||||||
2010 |
0.20% | 13,233 | 10.134563 | 134,111 | 2.55% | 15.47% | ||||||||||||||||||||
2010 |
0.25% | 107,781 | 10.121060 | 1,090,858 | 2.55% | 15.41% | ||||||||||||||||||||
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S) | ||||||||||||||||||||||||||
2014 |
0.00% | 20,066 | 15.895413 | 318,957 | 1.51% | 4.83% | ||||||||||||||||||||
2014 |
0.20% | 113,996 | 15.747863 | 1,795,193 | 1.51% | 4.62% | ||||||||||||||||||||
2014 |
0.25% | 224,848 | 15.711192 | 3,532,630 | 1.51% | 4.57% | ||||||||||||||||||||
2013 |
0.00% | 10,769 | 15.162791 | 163,288 | 1.68% | 25.16% | ||||||||||||||||||||
2013 |
0.20% | 116,880 | 15.052125 | 1,759,292 | 1.68% | 24.91% | ||||||||||||||||||||
2013 |
0.25% | 197,150 | 15.024583 | 2,962,097 | 1.68% | 24.85% | ||||||||||||||||||||
2012 |
0.00% | 5,672 | 12.114401 | 68,713 | 2.29% | 16.88% | ||||||||||||||||||||
2012 |
0.20% | 98,529 | 12.050049 | 1,187,279 | 2.29% | 16.65% | ||||||||||||||||||||
2012 |
0.25% | 154,501 | 12.034012 | 1,859,267 | 2.29% | 16.59% | ||||||||||||||||||||
2011 |
0.00% | 2,579 | 10.364685 | 26,731 | 2.32% | -4.24% | ||||||||||||||||||||
2011 |
0.20% | 65,750 | 10.330313 | 679,218 | 2.32% | -4.43% | ||||||||||||||||||||
2011 |
0.25% | 9,719 | 10.321735 | 100,317 | 2.32% | -4.48% | ||||||||||||||||||||
Franklin Income Securities Fund - Class 2 (FTVIS2) | ||||||||||||||||||||||||||
2014 |
0.00% | 390,265 | 17.195058 | 6,710,629 | 4.91% | 4.62% | ||||||||||||||||||||
2013 |
0.00% | 391,706 | 16.436367 | 6,438,224 | 6.32% | 13.94% | ||||||||||||||||||||
2012 |
0.00% | 397,235 | 14.425332 | 5,730,247 | 6.26% | 12.65% | ||||||||||||||||||||
2011 |
0.00% | 353,498 | 12.805162 | 4,526,599 | 5.79% | 2.38% | ||||||||||||||||||||
2010 |
0.00% | 339,445 | 12.507001 | 4,245,439 | 6.43% | 12.67% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Rising Dividends Securities Fund - Class 1 (FTVRDI) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 599,977 | $ | 28.587626 | $ | 17,151,918 | 1.53% | 9.01% | ||||||||||||||||||||
2013 |
0.00% | 706,879 | 26.225783 | 18,538,455 | 1.74% | 30.05% | ||||||||||||||||||||||
2012 |
0.00% | 689,703 | 20.165763 | 13,908,387 | 1.82% | 12.18% | ||||||||||||||||||||||
2011 |
0.00% | 702,870 | 17.976970 | 12,635,473 | 1.70% | 6.29% | ||||||||||||||||||||||
2010 |
0.00% | 718,728 | 16.912694 | 12,155,627 | 1.78% | 20.94% | ||||||||||||||||||||||
Small Cap Value Securities Fund - Class 1 (FTVSVI) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 292,511 | 36.558447 | 10,693,748 | 0.83% | 0.88% | ||||||||||||||||||||||
2013 |
0.00% | 314,978 | 36.238435 | 11,414,310 | 1.50% | 36.50% | ||||||||||||||||||||||
2012 |
0.00% | 363,138 | 26.547381 | 9,640,363 | 1.03% | 18.75% | ||||||||||||||||||||||
2011 |
0.00% | 428,826 | 22.355324 | 9,586,544 | 0.90% | -3.53% | ||||||||||||||||||||||
2010 |
0.00% | 510,127 | 23.172621 | 11,820,980 | 0.94% | 28.49% | ||||||||||||||||||||||
Small Cap Value Securities Fund - Class 2 (FTVSV2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 41,699 | 22.486870 | 937,680 | 0.63% | 0.57% | ||||||||||||||||||||||
2014 |
0.10% | 57,843 | 22.270557 | 1,288,196 | 0.63% | 0.47% | ||||||||||||||||||||||
2014 |
0.20% | 50,845 | 22.056295 | 1,121,452 | 0.63% | 0.37% | ||||||||||||||||||||||
2014 |
0.25% | 362,396 | 21.949861 | 7,954,542 | 0.63% | 0.32% | ||||||||||||||||||||||
2013 |
0.00% | 51,881 | 22.359064 | 1,160,011 | 1.33% | 36.24% | ||||||||||||||||||||||
2013 |
0.10% | 53,932 | 22.166142 | 1,195,464 | 1.33% | 36.10% | ||||||||||||||||||||||
2013 |
0.20% | 33,005 | 21.974864 | 725,280 | 1.33% | 35.97% | ||||||||||||||||||||||
2013 |
0.25% | 326,738 | 21.879759 | 7,148,949 | 1.33% | 35.90% | ||||||||||||||||||||||
2012 |
0.00% | 34,591 | 16.411795 | 567,700 | 0.80% | 18.39% | ||||||||||||||||||||||
2012 |
0.10% | 51,113 | 16.286455 | 832,450 | 0.80% | 18.27% | ||||||||||||||||||||||
2012 |
0.20% | 37,175 | 16.162056 | 600,824 | 0.80% | 18.15% | ||||||||||||||||||||||
2012 |
0.25% | 281,916 | 16.100162 | 4,538,893 | 0.80% | 18.09% | ||||||||||||||||||||||
2011 |
0.00% | 26,725 | 13.862767 | 370,482 | 0.69% | -3.76% | ||||||||||||||||||||||
2011 |
0.10% | 59,250 | 13.770689 | 815,913 | 0.69% | -3.86% | ||||||||||||||||||||||
2011 |
0.20% | 26,691 | 13.679206 | 365,112 | 0.69% | -3.95% | ||||||||||||||||||||||
2011 |
0.25% | 271,775 | 13.633645 | 3,705,284 | 0.69% | -4.00% | ||||||||||||||||||||||
2010 |
0.00% | 15,995 | 14.404363 | 230,398 | 0.72% | 28.22% | ||||||||||||||||||||||
2010 |
0.10% | 54,144 | 14.322976 | 775,503 | 0.72% | 28.09% | ||||||||||||||||||||||
2010 |
0.20% | 33,435 | 14.242025 | 476,182 | 0.72% | 27.97% | ||||||||||||||||||||||
2010 |
0.25% | 326,463 | 14.201682 | 4,636,324 | 0.72% | 27.90% | ||||||||||||||||||||||
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 526 | 14.707440 | 7,736 | 2.43% | 5.71% | ||||||||||||||||||||||
2014 |
0.20% | 258 | 14.503192 | 3,742 | 2.43% | 5.50% | ||||||||||||||||||||||
2014 |
0.25% | 31,338 | 14.452565 | 452,914 | 2.43% | 5.44% | ||||||||||||||||||||||
2013 |
0.25% | 20,950 | 13.706304 | 287,147 | 2.67% | 27.30% | ||||||||||||||||||||||
2012 |
0.25% | 13,771 | 10.767244 | 148,276 | 1.98% | 13.07% | ||||||||||||||||||||||
2011 |
0.25% | 21,727 | 9.522271 | 206,890 | 2.22% | -3.20% | ||||||||||||||||||||||
2010 |
0.20% | 18,111 | 9.851892 | 178,428 | 1.26% | 11.73% | ||||||||||||||||||||||
2010 |
0.25% | 2,598 | 9.837163 | 25,557 | 1.26% | 11.68% | ||||||||||||||||||||||
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 338,402 | 9.429267 | 3,190,883 | 1.50% | -5.71% | 4/30/2014 | |||||||||||||||||||||
Templeton Foreign Securities Fund - Class 1 (TIF) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 48,081 | 25.556124 | 1,228,764 | 2.07% | -10.89% | ||||||||||||||||||||||
2013 |
0.00% | 53,511 | 28.677989 | 1,534,588 | 2.56% | 23.27% | ||||||||||||||||||||||
2012 |
0.00% | 58,522 | 23.263845 | 1,361,447 | 3.25% | 18.60% | ||||||||||||||||||||||
2011 |
0.00% | 65,960 | 19.616024 | 1,293,873 | 1.93% | -10.44% | ||||||||||||||||||||||
2010 |
0.00% | 73,458 | 21.903633 | 1,608,997 | 2.06% | 8.67% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Templeton Foreign Securities Fund - Class 2 (TIF2) | ||||||||||||||||||||||||||
2014 |
0.00% | 283,449 | $ | 23.487098 | $ | 6,657,394 | 1.97% | -11.13% | ||||||||||||||||||
2014 |
0.10% | 53,353 | 23.199378 | 1,237,756 | 1.97% | -11.22% | ||||||||||||||||||||
2014 |
0.20% | 149,945 | 22.915181 | 3,436,017 | 1.97% | -11.31% | ||||||||||||||||||||
2014 |
0.25% | 600,484 | 22.774362 | 13,675,640 | 1.97% | -11.35% | ||||||||||||||||||||
2013 |
0.10% | 48,250 | 26.131241 | 1,260,832 | 2.30% | 22.85% | ||||||||||||||||||||
2013 |
0.20% | 140,404 | 25.836981 | 3,627,615 | 2.30% | 22.72% | ||||||||||||||||||||
2013 |
0.25% | 454,085 | 25.691070 | 11,665,930 | 2.30% | 22.66% | ||||||||||||||||||||
2012 |
0.10% | 66,092 | 21.271368 | 1,405,867 | 3.00% | 18.11% | ||||||||||||||||||||
2012 |
0.20% | 123,690 | 21.052856 | 2,604,028 | 3.00% | 18.00% | ||||||||||||||||||||
2012 |
0.25% | 438,755 | 20.944427 | 9,189,472 | 3.00% | 17.94% | ||||||||||||||||||||
2011 |
0.10% | 85,706 | 18.009125 | 1,543,490 | 1.69% | -10.72% | ||||||||||||||||||||
2011 |
0.20% | 145,538 | 17.842000 | 2,596,689 | 1.69% | -10.81% | ||||||||||||||||||||
2011 |
0.25% | 405,037 | 17.759014 | 7,193,058 | 1.69% | -10.86% | ||||||||||||||||||||
2010 |
0.10% | 76,012 | 20.172194 | 1,533,329 | 1.89% | 8.30% | ||||||||||||||||||||
2010 |
0.20% | 106,558 | 20.004971 | 2,131,690 | 1.89% | 8.19% | ||||||||||||||||||||
2010 |
0.25% | 402,163 | 19.921879 | 8,011,843 | 1.89% | 8.14% | ||||||||||||||||||||
Templeton Global Bond Securities Fund - Class 2 (FTVGI2) | ||||||||||||||||||||||||||
2014 |
0.00% | 661,714 | 17.351083 | 11,481,455 | 3.71% | 1.83% | ||||||||||||||||||||
2014 |
0.20% | 17,502 | 17.100997 | 299,302 | 3.71% | 1.63% | ||||||||||||||||||||
2014 |
0.25% | 95,393 | 17.039030 | 1,625,404 | 3.71% | 1.58% | ||||||||||||||||||||
2013 |
0.00% | 84,791 | 17.038710 | 1,444,729 | 4.74% | 1.63% | ||||||||||||||||||||
2013 |
0.10% | 1,771,983 | 16.932405 | 30,003,934 | 4.74% | 1.53% | ||||||||||||||||||||
2013 |
0.20% | 147,053 | 16.826761 | 2,474,426 | 4.74% | 1.43% | ||||||||||||||||||||
2013 |
0.25% | 507,776 | 16.774170 | 8,517,521 | 4.74% | 1.38% | ||||||||||||||||||||
2012 |
0.00% | 84,202 | 16.765591 | 1,411,696 | 5.98% | 15.07% | ||||||||||||||||||||
2012 |
0.10% | 1,793,425 | 16.677654 | 29,910,122 | 5.98% | 14.95% | ||||||||||||||||||||
2012 |
0.20% | 156,660 | 16.590177 | 2,599,017 | 5.98% | 14.84% | ||||||||||||||||||||
2012 |
0.25% | 328,747 | 16.546601 | 5,439,645 | 5.98% | 14.78% | ||||||||||||||||||||
2011 |
0.00% | 60,786 | 14.570417 | 885,677 | 5.70% | -0.87% | ||||||||||||||||||||
2011 |
0.10% | 1,815,343 | 14.508523 | 26,337,946 | 5.70% | -0.97% | ||||||||||||||||||||
2011 |
0.20% | 410,455 | 14.446899 | 5,929,802 | 5.70% | -1.07% | ||||||||||||||||||||
2011 |
0.25% | 294,980 | 14.416178 | 4,252,484 | 5.70% | -1.12% | ||||||||||||||||||||
2010 |
0.00% | 25,445 | 14.698405 | 374,001 | 0.61% | 14.45% | ||||||||||||||||||||
2010 |
0.10% | 1,839,432 | 14.650582 | 26,948,749 | 0.61% | 14.33% | ||||||||||||||||||||
2010 |
0.20% | 455,180 | 14.602909 | 6,646,952 | 0.61% | 14.22% | ||||||||||||||||||||
2010 |
0.25% | 315,316 | 14.579135 | 4,597,035 | 0.61% | 14.16% | ||||||||||||||||||||
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2) | ||||||||||||||||||||||||||
2014 |
0.00% | 53,635 | 13.816935 | 741,071 | 2.78% | 2.85% | ||||||||||||||||||||
2013 |
0.00% | 50,080 | 13.434293 | 672,789 | 11.86% | 23.77% | ||||||||||||||||||||
2012 |
0.00% | 35,375 | 10.854248 | 383,969 | 2.65% | 15.33% | ||||||||||||||||||||
2011 |
0.00% | 35,227 | 9.411247 | 331,530 | 0.02% | -1.54% | ||||||||||||||||||||
2010 |
0.00% | 37,961 | 9.558606 | 362,854 | 2.37% | 10.25% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Mid Cap Value - Institutional Shares (GVMCE) |
| |||||||||||||||||||||||||||
2014 |
0.10% | 106,860 | $ | 37.456078 | $ | 4,002,556 | 1.01% | 13.46% | ||||||||||||||||||||
2014 |
0.20% | 420,133 | 36.997381 | 15,543,821 | 1.01% | 13.34% | ||||||||||||||||||||||
2014 |
0.25% | 1,195,314 | 36.770095 | 43,951,809 | 1.01% | 13.29% | ||||||||||||||||||||||
2013 |
0.10% | 108,753 | 33.013548 | 3,590,322 | 0.90% | 32.76% | ||||||||||||||||||||||
2013 |
0.20% | 449,693 | 32.641878 | 14,678,824 | 0.90% | 32.63% | ||||||||||||||||||||||
2013 |
0.25% | 1,331,168 | 32.457572 | 43,206,481 | 0.90% | 32.56% | ||||||||||||||||||||||
2012 |
0.10% | 112,359 | 24.867064 | 2,794,038 | 1.16% | 18.35% | ||||||||||||||||||||||
2012 |
0.20% | 461,980 | 24.611687 | 11,370,107 | 1.16% | 18.23% | ||||||||||||||||||||||
2012 |
0.25% | 1,269,357 | 24.484957 | 31,080,152 | 1.16% | 18.17% | ||||||||||||||||||||||
2011 |
0.10% | 153,402 | 21.011696 | 3,223,236 | 0.73% | -6.47% | ||||||||||||||||||||||
2011 |
0.20% | 514,075 | 20.816771 | 10,701,382 | 0.73% | -6.56% | ||||||||||||||||||||||
2011 |
0.25% | 1,416,909 | 20.719959 | 29,358,296 | 0.73% | -6.61% | ||||||||||||||||||||||
2010 |
0.10% | 146,239 | 22.464900 | 3,285,245 | 0.65% | 24.88% | ||||||||||||||||||||||
2010 |
0.20% | 491,175 | 22.278722 | 10,942,751 | 0.65% | 24.75% | ||||||||||||||||||||||
2010 |
0.25% | 1,651,372 | 22.186180 | 36,637,636 | 0.65% | 24.69% | ||||||||||||||||||||||
Goldman Sachs Structured Small Cap Equity Fund (GVCSE) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 614 | 13.346764 | 8,195 | 0.96% | 6.93% | ||||||||||||||||||||||
2014 |
0.25% | 2,372 | 13.291252 | 31,527 | 0.96% | 6.66% | ||||||||||||||||||||||
VIT Growth Opportunities Fund - Service Shares (GVGOPS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 2,197 | 15.463755 | 33,974 | 0.00% | 11.10% | ||||||||||||||||||||||
2014 |
0.20% | 3,394 | 15.350803 | 52,101 | 0.00% | 10.88% | ||||||||||||||||||||||
2014 |
0.25% | 76,911 | 15.322700 | 1,178,484 | 0.00% | 10.82% | ||||||||||||||||||||||
2013 |
0.00% | 488 | 13.918867 | 6,792 | 0.00% | 32.20% | ||||||||||||||||||||||
2013 |
0.20% | 242 | 13.844854 | 3,350 | 0.00% | 31.93% | ||||||||||||||||||||||
2013 |
0.25% | 44,082 | 13.826415 | 609,496 | 0.00% | 31.87% | ||||||||||||||||||||||
2012 |
0.00% | 489 | 10.529016 | 5,149 | 0.00% | 19.43% | ||||||||||||||||||||||
2012 |
0.20% | 1,279 | 10.493978 | 13,422 | 0.00% | 19.19% | ||||||||||||||||||||||
2012 |
0.25% | 2,990 | 10.485241 | 31,351 | 0.00% | 19.13% | ||||||||||||||||||||||
2011 |
0.20% | 125 | 8.804262 | 1,101 | 0.00% | -11.96% | 5/2/2011 | |||||||||||||||||||||
2011 |
0.25% | 309 | 8.801350 | 2,720 | 0.00% | -11.99% | 5/2/2011 | |||||||||||||||||||||
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 20,708 | 19.438772 | 402,538 | 0.00% | 4.08% | ||||||||||||||||||||||
2014 |
0.20% | 62,670 | 19.158457 | 1,200,661 | 0.00% | 3.87% | ||||||||||||||||||||||
2014 |
0.25% | 389,558 | 19.088957 | 7,436,256 | 0.00% | 3.82% | ||||||||||||||||||||||
2013 |
0.00% | 23,978 | 18.677023 | 447,838 | 0.04% | 47.05% | ||||||||||||||||||||||
2013 |
0.20% | 18,438 | 18.444555 | 340,081 | 0.04% | 46.76% | ||||||||||||||||||||||
2013 |
0.25% | 292,459 | 18.386845 | 5,377,398 | 0.04% | 46.68% | ||||||||||||||||||||||
2012 |
0.00% | 10,013 | 12.701228 | 127,177 | 0.55% | 19.43% | ||||||||||||||||||||||
2012 |
0.20% | 5,439 | 12.568213 | 68,359 | 0.55% | 19.19% | ||||||||||||||||||||||
2012 |
0.25% | 153,537 | 12.535151 | 1,924,609 | 0.55% | 19.13% | ||||||||||||||||||||||
2011 |
0.00% | 12,602 | 10.635081 | 134,023 | 0.00% | 1.39% | ||||||||||||||||||||||
2011 |
0.20% | 1,445 | 10.544821 | 15,237 | 0.00% | 1.18% | ||||||||||||||||||||||
2011 |
0.25% | 59,758 | 10.522359 | 628,795 | 0.00% | 1.13% | ||||||||||||||||||||||
2010 |
0.00% | 3,623 | 10.489595 | 38,004 | 0.00% | 25.18% | ||||||||||||||||||||||
2010 |
0.20% | 129 | 10.421361 | 1,344 | 0.00% | 24.93% | ||||||||||||||||||||||
2010 |
0.25% | 17,295 | 10.404348 | 179,943 | 0.00% | 24.87% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Baron Growth Opportunities Fund Service Class (BNCAI) | ||||||||||||||||||||||||||
2014 |
0.00% | 757 | $ | 37.636200 | $ | 28,491 | 0.19% | 4.85% | ||||||||||||||||||
2014 |
0.10% | 50,907 | 37.175266 | 1,892,481 | 0.19% | 4.75% | ||||||||||||||||||||
2014 |
0.20% | 73,864 | 36.719968 | 2,712,284 | 0.19% | 4.65% | ||||||||||||||||||||
2014 |
0.25% | 155,856 | 36.494324 | 5,687,859 | 0.19% | 4.59% | ||||||||||||||||||||
2013 |
0.00% | 4,120 | 35.893657 | 147,882 | 0.43% | 40.06% | ||||||||||||||||||||
2013 |
0.10% | 57,453 | 35.489539 | 2,038,980 | 0.43% | 39.92% | ||||||||||||||||||||
2013 |
0.20% | 74,980 | 35.089969 | 2,631,046 | 0.43% | 39.78% | ||||||||||||||||||||
2013 |
0.25% | 167,048 | 34.891789 | 5,828,604 | 0.43% | 39.71% | ||||||||||||||||||||
2012 |
0.00% | 11,944 | 25.626683 | 306,085 | 1.08% | 18.24% | ||||||||||||||||||||
2012 |
0.10% | 50,900 | 25.363489 | 1,291,002 | 1.08% | 18.12% | ||||||||||||||||||||
2012 |
0.20% | 73,243 | 25.102977 | 1,838,617 | 1.08% | 18.01% | ||||||||||||||||||||
2012 |
0.25% | 268,487 | 24.973675 | 6,705,107 | 1.08% | 17.95% | ||||||||||||||||||||
2011 |
0.00% | 20,631 | 21.672931 | 447,134 | 0.00% | 4.02% | ||||||||||||||||||||
2011 |
0.10% | 52,786 | 21.471853 | 1,133,413 | 0.00% | 3.92% | ||||||||||||||||||||
2011 |
0.20% | 76,933 | 21.272621 | 1,636,567 | 0.00% | 3.82% | ||||||||||||||||||||
2011 |
0.25% | 337,265 | 21.173648 | 7,141,130 | 0.00% | 3.76% | ||||||||||||||||||||
2010 |
0.00% | 17,793 | 20.834594 | 370,710 | 0.00% | 26.38% | ||||||||||||||||||||
2010 |
0.10% | 57,988 | 20.661902 | 1,198,142 | 0.00% | 26.26% | ||||||||||||||||||||
2010 |
0.20% | 167,060 | 20.490617 | 3,423,162 | 0.00% | 26.13% | ||||||||||||||||||||
2010 |
0.25% | 387,606 | 20.405470 | 7,909,283 | 0.00% | 26.07% | ||||||||||||||||||||
Short Duration Bond Portfolio - I Class Shares (AMTB) | ||||||||||||||||||||||||||
2014 |
0.00% | 303,453 | 12.366084 | 3,752,525 | 1.76% | 0.61% | ||||||||||||||||||||
2013 |
0.00% | 290,095 | 12.291113 | 3,565,590 | 2.16% | 0.62% | ||||||||||||||||||||
2012 |
0.00% | 299,031 | 12.215764 | 3,652,892 | 2.92% | 4.61% | ||||||||||||||||||||
2011 |
0.00% | 328,162 | 11.677944 | 3,832,257 | 3.71% | 0.29% | ||||||||||||||||||||
2010 |
0.00% | 348,678 | 11.644307 | 4,060,114 | 5.25% | 5.28% | ||||||||||||||||||||
Guardian Portfolio - I Class Shares (AMGP) | ||||||||||||||||||||||||||
2014 |
0.00% | 2 | 35.810110 | 72 | 0.42% | 9.03% | ||||||||||||||||||||
2014 |
0.10% | 25,458 | 25.550826 | 650,473 | 0.42% | 8.92% | ||||||||||||||||||||
2014 |
0.25% | 18,192 | 23.306515 | 423,992 | 0.42% | 8.76% | ||||||||||||||||||||
2013 |
0.00% | 2 | 32.844952 | 66 | 0.89% | 38.81% | ||||||||||||||||||||
2013 |
0.10% | 34,493 | 23.458600 | 809,157 | 0.89% | 38.68% | ||||||||||||||||||||
2013 |
0.25% | 17,061 | 21.430183 | 365,620 | 0.89% | 38.47% | ||||||||||||||||||||
2012 |
0.00% | 2 | 23.661014 | 47 | 0.19% | 12.73% | ||||||||||||||||||||
2012 |
0.10% | 32,886 | 16.916121 | 556,304 | 0.19% | 12.61% | ||||||||||||||||||||
2012 |
0.25% | 16,445 | 15.476592 | 254,513 | 0.19% | 12.44% | ||||||||||||||||||||
2011 |
0.00% | 2 | 20.989829 | 42 | 0.48% | -2.94% | ||||||||||||||||||||
2011 |
0.10% | 77,560 | 15.021443 | 1,165,063 | 0.48% | -3.04% | ||||||||||||||||||||
2011 |
0.25% | 56,791 | 13.763826 | 781,661 | 0.48% | -3.18% | ||||||||||||||||||||
2010 |
0.00% | 2 | 21.625604 | 43 | 0.44% | 19.01% | ||||||||||||||||||||
2010 |
0.10% | 72,597 | 15.491894 | 1,124,665 | 0.44% | 18.89% | ||||||||||||||||||||
2010 |
0.25% | 52,120 | 14.216158 | 740,946 | 0.44% | 18.72% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Mid-Cap Growth Portfolio - I Class Shares (AMCG) | ||||||||||||||||||||||||||
2014 |
0.00% | 26 | $ | 38.985620 | $ | 1,014 | 0.00% | 7.58% | ||||||||||||||||||
2014 |
0.10% | 21,987 | 28.178168 | 619,553 | 0.00% | 7.47% | ||||||||||||||||||||
2014 |
0.25% | 111,193 | 20.263419 | 2,253,150 | 0.00% | 7.31% | ||||||||||||||||||||
2013 |
0.00% | 26 | 36.238273 | 942 | 0.00% | 32.61% | ||||||||||||||||||||
2013 |
0.10% | 20,959 | 26.218640 | 549,516 | 0.00% | 32.48% | ||||||||||||||||||||
2013 |
0.25% | 126,357 | 18.882587 | 2,385,947 | 0.00% | 32.28% | ||||||||||||||||||||
2012 |
0.00% | 26 | 27.326502 | 710 | 0.00% | 12.41% | ||||||||||||||||||||
2012 |
0.10% | 30,281 | 19.790674 | 599,281 | 0.00% | 12.30% | ||||||||||||||||||||
2012 |
0.20% | 28,206 | 14.361118 | 405,070 | 0.00% | 12.19% | ||||||||||||||||||||
2012 |
0.25% | 144,932 | 14.274567 | 2,068,842 | 0.00% | 12.13% | ||||||||||||||||||||
2011 |
0.00% | 26 | 24.308851 | 632 | 0.00% | 0.47% | ||||||||||||||||||||
2011 |
0.10% | 34,106 | 17.622859 | 601,045 | 0.00% | 0.37% | ||||||||||||||||||||
2011 |
0.20% | 28,457 | 12.800871 | 364,274 | 0.00% | 0.27% | ||||||||||||||||||||
2011 |
0.25% | 284,856 | 12.730096 | 3,626,244 | 0.00% | 0.22% | ||||||||||||||||||||
2010 |
0.10% | 31,209 | 17.557221 | 547,943 | 0.00% | 28.97% | ||||||||||||||||||||
2010 |
0.20% | 28,698 | 12.765923 | 366,356 | 0.00% | 28.84% | ||||||||||||||||||||
2010 |
0.25% | 409,150 | 12.701675 | 5,196,890 | 0.00% | 28.77% | ||||||||||||||||||||
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP) | ||||||||||||||||||||||||||
2014 |
0.00% | 10,711 | 24.744866 | 265,042 | 0.79% | 9.85% | ||||||||||||||||||||
2014 |
0.10% | 31,934 | 22.851979 | 729,755 | 0.79% | 9.74% | ||||||||||||||||||||
2014 |
0.20% | 526 | 22.609799 | 11,893 | 0.79% | 9.63% | ||||||||||||||||||||
2014 |
0.25% | 7,433 | 22.451030 | 166,879 | 0.79% | 9.58% | ||||||||||||||||||||
2013 |
0.00% | 11,809 | 22.525541 | 266,004 | 0.91% | 31.14% | ||||||||||||||||||||
2013 |
0.10% | 32,225 | 20.823234 | 671,029 | 0.91% | 31.00% | ||||||||||||||||||||
2013 |
0.20% | 62 | 20.623170 | 1,279 | 0.91% | 30.87% | ||||||||||||||||||||
2013 |
0.25% | 5,150 | 20.488601 | 105,516 | 0.91% | 30.81% | ||||||||||||||||||||
2012 |
0.00% | 23,801 | 17.177285 | 408,837 | 0.37% | 16.60% | ||||||||||||||||||||
2012 |
0.10% | 70,527 | 15.895030 | 1,121,029 | 0.37% | 16.48% | ||||||||||||||||||||
2012 |
0.20% | 14,947 | 15.758064 | 235,536 | 0.37% | 16.37% | ||||||||||||||||||||
2012 |
0.25% | 35,172 | 15.663052 | 550,901 | 0.37% | 16.31% | ||||||||||||||||||||
2011 |
0.00% | 67,433 | 14.731931 | 993,418 | 0.00% | -11.36% | ||||||||||||||||||||
2011 |
0.10% | 104,043 | 13.645891 | 1,419,759 | 0.00% | -11.45% | ||||||||||||||||||||
2011 |
0.20% | 10,523 | 13.541863 | 142,501 | 0.00% | -11.53% | ||||||||||||||||||||
2011 |
0.25% | 73,554 | 13.466974 | 990,550 | 0.00% | -11.58% | ||||||||||||||||||||
2010 |
0.00% | 41,486 | 16.619507 | 689,477 | 0.72% | 15.67% | ||||||||||||||||||||
2010 |
0.10% | 120,297 | 15.409693 | 1,853,740 | 0.72% | 15.55% | ||||||||||||||||||||
2010 |
0.20% | 7,571 | 15.307500 | 115,893 | 0.72% | 15.43% | ||||||||||||||||||||
2010 |
0.25% | 90,228 | 15.230457 | 1,374,214 | 0.72% | 15.38% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,798 | $ | 17.923567 | $ | 32,227 | 1.03% | 13.84% | ||||||||||||||||||
2014 |
0.20% | 9,945 | 17.615410 | 175,185 | 1.03% | 13.61% | ||||||||||||||||||||
2014 |
0.25% | 295,953 | 17.539126 | 5,190,757 | 1.03% | 13.55% | ||||||||||||||||||||
2013 |
0.00% | 7,765 | 15.745045 | 122,260 | 1.23% | 37.05% | ||||||||||||||||||||
2013 |
0.20% | 8,149 | 15.505325 | 126,353 | 1.23% | 36.78% | ||||||||||||||||||||
2013 |
0.25% | 331,776 | 15.445906 | 5,124,581 | 1.23% | 36.71% | ||||||||||||||||||||
2012 |
0.00% | 17,798 | 11.488526 | 204,473 | 0.61% | 15.53% | ||||||||||||||||||||
2012 |
0.20% | 18,058 | 11.336243 | 204,710 | 0.61% | 15.30% | ||||||||||||||||||||
2012 |
0.25% | 345,057 | 11.298448 | 3,898,609 | 0.61% | 15.24% | ||||||||||||||||||||
2011 |
0.00% | 18,864 | 9.944286 | 187,589 | 0.63% | -6.50% | ||||||||||||||||||||
2011 |
0.20% | 18,967 | 9.832161 | 186,487 | 0.63% | -6.68% | ||||||||||||||||||||
2011 |
0.25% | 383,249 | 9.804295 | 3,757,486 | 0.63% | -6.73% | ||||||||||||||||||||
2010 |
0.00% | 26,123 | 10.635314 | 277,826 | 0.77% | 26.18% | ||||||||||||||||||||
2010 |
0.20% | 14,683 | 10.536414 | 154,706 | 0.77% | 25.93% | ||||||||||||||||||||
2010 |
0.25% | 373,997 | 10.511809 | 3,931,385 | 0.77% | 25.87% | ||||||||||||||||||||
Small-Cap Growth Portfolio - S Class Shares (AMFAS) | ||||||||||||||||||||||||||
2014 |
0.00% | 52,697 | 22.147442 | 1,167,104 | 0.00% | 3.47% | ||||||||||||||||||||
2014 |
0.10% | 23,677 | 21.876057 | 517,959 | 0.00% | 3.37% | ||||||||||||||||||||
2013 |
0.00% | 56,346 | 21.404466 | 1,206,056 | 0.00% | 45.83% | ||||||||||||||||||||
2013 |
0.10% | 33,952 | 21.163352 | 718,538 | 0.00% | 45.69% | ||||||||||||||||||||
2013 |
0.25% | 55,402 | 20.806928 | 1,152,745 | 0.00% | 45.47% | ||||||||||||||||||||
2012 |
0.00% | 46,332 | 14.677347 | 680,031 | 0.00% | 8.82% | ||||||||||||||||||||
2012 |
0.10% | 24,811 | 14.526513 | 360,417 | 0.00% | 8.71% | ||||||||||||||||||||
2012 |
0.25% | 43,912 | 14.303271 | 628,085 | 0.00% | 8.55% | ||||||||||||||||||||
2011 |
0.00% | 72,045 | 13.487592 | 971,714 | 0.00% | -1.06% | ||||||||||||||||||||
2011 |
0.10% | 33,847 | 13.362369 | 452,276 | 0.00% | -1.16% | ||||||||||||||||||||
2011 |
0.25% | 56,153 | 13.176815 | 739,918 | 0.00% | -1.31% | ||||||||||||||||||||
2010 |
0.00% | 64,200 | 13.632145 | 875,184 | 0.00% | 19.61% | ||||||||||||||||||||
2010 |
0.10% | 22,218 | 13.519070 | 300,367 | 0.00% | 19.49% | ||||||||||||||||||||
2010 |
0.25% | 54,706 | 13.351308 | 730,397 | 0.00% | 19.31% | ||||||||||||||||||||
Socially Responsive Portfolio - I Class Shares (AMSRS) | ||||||||||||||||||||||||||
2014 |
0.00% | 85,955 | 29.278575 | 2,516,640 | 0.35% | 10.38% | ||||||||||||||||||||
2013 |
0.00% | 113,615 | 26.524850 | 3,013,621 | 0.70% | 37.60% | ||||||||||||||||||||
2012 |
0.00% | 122,284 | 19.276454 | 2,357,202 | 0.22% | 10.98% | ||||||||||||||||||||
2011 |
0.00% | 149,636 | 17.369356 | 2,599,081 | 0.33% | -3.08% | ||||||||||||||||||||
2010 |
0.00% | 146,450 | 17.921368 | 2,624,584 | 0.04% | 22.85% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Capital Appreciation Fund/VA - Non-Service Shares (OVGR) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,841 | $ | 29.569631 | $ | 54,438 | 0.46% | 15.41% | ||||||||||||||||||||
2014 |
0.10% | 96,346 | 21.942069 | 2,114,031 | 0.46% | 15.29% | ||||||||||||||||||||||
2014 |
0.20% | 164,915 | 16.938249 | 2,793,371 | 0.46% | 15.18% | ||||||||||||||||||||||
2014 |
0.25% | 651,421 | 16.819373 | 10,956,493 | 0.46% | 15.12% | ||||||||||||||||||||||
2013 |
0.00% | 5,440 | 25.621769 | 139,382 | 0.96% | 29.74% | ||||||||||||||||||||||
2013 |
0.10% | 99,103 | 19.031580 | 1,886,087 | 0.96% | 29.61% | ||||||||||||||||||||||
2013 |
0.20% | 198,892 | 14.706184 | 2,924,942 | 0.96% | 29.48% | ||||||||||||||||||||||
2013 |
0.25% | 858,585 | 14.610271 | 12,544,160 | 0.96% | 29.42% | ||||||||||||||||||||||
2012 |
0.00% | 5,166 | 19.748680 | 102,022 | 0.68% | 14.12% | ||||||||||||||||||||||
2012 |
0.10% | 176,975 | 14.683780 | 2,598,662 | 0.68% | 14.00% | ||||||||||||||||||||||
2012 |
0.20% | 230,041 | 11.357880 | 2,612,778 | 0.68% | 13.89% | ||||||||||||||||||||||
2012 |
0.25% | 1,112,014 | 11.289439 | 12,554,014 | 0.68% | 13.83% | ||||||||||||||||||||||
2011 |
0.00% | 4,576 | 17.305412 | 79,190 | 0.45% | -1.15% | ||||||||||||||||||||||
2011 |
0.10% | 243,193 | 12.880034 | 3,132,334 | 0.45% | -1.25% | ||||||||||||||||||||||
2011 |
0.20% | 241,095 | 9.972672 | 2,404,361 | 0.45% | -1.35% | ||||||||||||||||||||||
2011 |
0.25% | 1,320,255 | 9.917548 | 13,093,692 | 0.45% | -1.40% | ||||||||||||||||||||||
2010 |
0.00% | 5,497 | 17.506620 | 96,234 | 0.19% | 9.42% | ||||||||||||||||||||||
2010 |
0.10% | 251,170 | 13.042797 | 3,275,959 | 0.19% | 9.31% | ||||||||||||||||||||||
2010 |
0.20% | 400,167 | 10.108773 | 4,045,197 | 0.19% | 9.20% | ||||||||||||||||||||||
2010 |
0.25% | 2,685,048 | 10.057917 | 27,005,990 | 0.19% | 9.14% | ||||||||||||||||||||||
Global Securities Fund/VA - Non-Service Shares (OVGS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,535,969 | 22.500054 | 34,559,385 | 1.18% | 2.29% | ||||||||||||||||||||||
2014 |
0.10% | 147,460 | 22.172449 | 3,269,549 | 1.18% | 2.19% | ||||||||||||||||||||||
2014 |
0.20% | 535,177 | 21.849570 | 11,693,387 | 1.18% | 2.09% | ||||||||||||||||||||||
2014 |
0.25% | 1,239,304 | 21.689951 | 26,880,443 | 1.18% | 2.04% | ||||||||||||||||||||||
2013 |
0.00% | 655,038 | 21.995829 | 14,408,104 | 1.38% | 27.31% | ||||||||||||||||||||||
2013 |
0.10% | 160,123 | 21.697248 | 3,474,228 | 1.38% | 27.18% | ||||||||||||||||||||||
2013 |
0.20% | 555,413 | 21.402683 | 11,887,328 | 1.38% | 27.05% | ||||||||||||||||||||||
2013 |
0.25% | 1,347,166 | 21.256957 | 28,636,650 | 1.38% | 26.99% | ||||||||||||||||||||||
2012 |
0.00% | 615,521 | 17.277884 | 10,634,900 | 2.20% | 21.26% | ||||||||||||||||||||||
2012 |
0.10% | 182,390 | 17.060376 | 3,111,642 | 2.20% | 21.14% | ||||||||||||||||||||||
2012 |
0.20% | 561,713 | 16.845594 | 9,462,389 | 2.20% | 21.02% | ||||||||||||||||||||||
2012 |
0.25% | 1,374,849 | 16.739250 | 23,013,941 | 2.20% | 20.96% | ||||||||||||||||||||||
2011 |
0.00% | 655,037 | 14.248076 | 9,333,017 | 1.28% | -8.29% | ||||||||||||||||||||||
2011 |
0.10% | 266,961 | 14.082821 | 3,759,564 | 1.28% | -8.38% | ||||||||||||||||||||||
2011 |
0.20% | 588,688 | 13.919457 | 8,194,217 | 1.28% | -8.47% | ||||||||||||||||||||||
2011 |
0.25% | 1,532,798 | 13.838516 | 21,211,650 | 1.28% | -8.52% | ||||||||||||||||||||||
2010 |
0.00% | 722,666 | 15.535921 | 11,227,282 | 1.44% | 15.96% | ||||||||||||||||||||||
2010 |
0.10% | 261,739 | 15.371084 | 4,023,212 | 1.44% | 15.85% | ||||||||||||||||||||||
2010 |
0.20% | 632,553 | 15.207955 | 9,619,838 | 1.44% | 15.73% | ||||||||||||||||||||||
2010 |
0.25% | 1,773,965 | 15.127070 | 26,834,893 | 1.44% | 15.68% | ||||||||||||||||||||||
International Growth Fund/VA - Non-Service Shares (OVIG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 13,154 | 10.743878 | 141,325 | 1.26% | -7.22% | ||||||||||||||||||||||
2014 |
0.20% | 42,945 | 10.708102 | 459,859 | 1.26% | -7.40% | ||||||||||||||||||||||
2014 |
0.25% | 234,504 | 10.699175 | 2,508,999 | 1.26% | -7.45% | ||||||||||||||||||||||
2013 |
0.00% | 8,286 | 11.579816 | 95,950 | 0.00% | 15.80% | 5/1/2013 | |||||||||||||||||||||
2013 |
0.25% | 43,041 | 11.560498 | 497,575 | 0.00% | 15.60% | 5/1/2013 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Main Street Fund(R)/VA - Non-Service Shares (OVGI) | ||||||||||||||||||||||||||
2014 |
0.00% | 1,135,763 | $ | 23.392433 | $ | 26,568,260 | 0.83% | 10.70% | ||||||||||||||||||
2014 |
0.10% | 38,139 | 21.213986 | 809,080 | 0.83% | 10.59% | ||||||||||||||||||||
2014 |
0.20% | 101,811 | 19.987148 | 2,034,912 | 0.83% | 10.48% | ||||||||||||||||||||
2014 |
0.25% | 132,754 | 19.846809 | 2,634,743 | 0.83% | 10.43% | ||||||||||||||||||||
2013 |
0.00% | 1,232,141 | 21.130785 | 26,036,107 | 1.10% | 31.77% | ||||||||||||||||||||
2013 |
0.10% | 40,435 | 19.182117 | 775,629 | 1.10% | 31.64% | ||||||||||||||||||||
2013 |
0.20% | 103,496 | 18.090869 | 1,872,333 | 1.10% | 31.51% | ||||||||||||||||||||
2013 |
0.25% | 150,907 | 17.972825 | 2,712,225 | 1.10% | 31.44% | ||||||||||||||||||||
2012 |
0.00% | 1,360,860 | 16.035812 | 21,822,495 | 0.95% | 16.87% | ||||||||||||||||||||
2012 |
0.10% | 65,319 | 14.571543 | 951,799 | 0.95% | 16.75% | ||||||||||||||||||||
2012 |
0.20% | 104,207 | 13.756324 | 1,433,505 | 0.95% | 16.64% | ||||||||||||||||||||
2012 |
0.25% | 143,770 | 13.673391 | 1,965,823 | 0.95% | 16.58% | ||||||||||||||||||||
2011 |
0.00% | 1,476,171 | 13.720956 | 20,254,477 | 0.86% | -0.01% | ||||||||||||||||||||
2011 |
0.10% | 78,409 | 12.480566 | 978,589 | 0.86% | -0.11% | ||||||||||||||||||||
2011 |
0.20% | 118,458 | 11.794128 | 1,397,109 | 0.86% | -0.21% | ||||||||||||||||||||
2011 |
0.25% | 149,681 | 11.728904 | 1,755,594 | 0.86% | -0.26% | ||||||||||||||||||||
2010 |
0.00% | 1,678,208 | 13.722935 | 23,029,939 | 1.13% | 16.11% | ||||||||||||||||||||
2010 |
0.10% | 66,086 | 12.494835 | 825,734 | 1.13% | 15.99% | ||||||||||||||||||||
2010 |
0.20% | 137,581 | 11.819394 | 1,626,124 | 1.13% | 15.88% | ||||||||||||||||||||
2010 |
0.25% | 203,050 | 11.759898 | 2,387,847 | 1.13% | 15.82% | ||||||||||||||||||||
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC) | ||||||||||||||||||||||||||
2014 |
0.00% | 181,616 | 39.650231 | 7,201,116 | 0.85% | 11.93% | ||||||||||||||||||||
2013 |
0.00% | 188,218 | 35.423066 | 6,667,259 | 0.96% | 41.01% | ||||||||||||||||||||
2012 |
0.00% | 174,944 | 25.120110 | 4,394,613 | 0.57% | 17.99% | ||||||||||||||||||||
2011 |
0.00% | 194,582 | 21.290587 | 4,142,765 | 0.60% | -2.21% | ||||||||||||||||||||
2010 |
0.00% | 216,746 | 21.772215 | 4,719,041 | 0.66% | 23.41% | ||||||||||||||||||||
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG) | ||||||||||||||||||||||||||
2014 |
0.00% | 849,184 | 24.509933 | 20,813,443 | 0.00% | 5.78% | ||||||||||||||||||||
2014 |
0.10% | 40,296 | 19.435116 | 783,157 | 0.00% | 5.68% | ||||||||||||||||||||
2014 |
0.20% | 124,383 | 13.360573 | 1,661,828 | 0.00% | 5.57% | ||||||||||||||||||||
2014 |
0.25% | 261,739 | 13.266808 | 3,472,441 | 0.00% | 5.52% | ||||||||||||||||||||
2013 |
0.00% | 936,477 | 23.169692 | 21,697,884 | 0.01% | 35.98% | ||||||||||||||||||||
2013 |
0.10% | 44,406 | 18.390755 | 816,660 | 0.01% | 35.85% | ||||||||||||||||||||
2013 |
0.20% | 125,659 | 12.655279 | 1,590,250 | 0.01% | 35.71% | ||||||||||||||||||||
2013 |
0.25% | 316,259 | 12.572760 | 3,976,249 | 0.01% | 35.64% | ||||||||||||||||||||
2012 |
0.00% | 1,048,321 | 17.038569 | 17,861,890 | 0.00% | 16.45% | ||||||||||||||||||||
2012 |
0.10% | 88,192 | 13.537746 | 1,193,921 | 0.00% | 16.33% | ||||||||||||||||||||
2012 |
0.20% | 111,690 | 9.325083 | 1,041,519 | 0.00% | 16.21% | ||||||||||||||||||||
2012 |
0.25% | 338,977 | 9.268905 | 3,141,946 | 0.00% | 16.16% | ||||||||||||||||||||
2011 |
0.00% | 1,159,802 | 14.632020 | 16,970,246 | 0.00% | 1.10% | ||||||||||||||||||||
2011 |
0.10% | 129,990 | 11.637321 | 1,512,735 | 0.00% | 0.99% | ||||||||||||||||||||
2011 |
0.20% | 172,529 | 8.024067 | 1,384,384 | 0.00% | 0.89% | ||||||||||||||||||||
2011 |
0.25% | 348,755 | 7.979723 | 2,782,968 | 0.00% | 0.84% | ||||||||||||||||||||
2010 |
0.00% | 1,279,230 | 14.473451 | 18,514,873 | 0.00% | 27.46% | ||||||||||||||||||||
2010 |
0.10% | 120,175 | 11.522698 | 1,384,740 | 0.00% | 27.34% | ||||||||||||||||||||
2010 |
0.20% | 109,183 | 7.952967 | 868,329 | 0.00% | 27.21% | ||||||||||||||||||||
2010 |
0.25% | 709,237 | 7.912957 | 5,612,162 | 0.00% | 27.15% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Global Strategic Income Fund/VA: Non-service Shares (OVSB) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 1,555,119 | $ | 13.684412 | $ | 21,280,889 | 4.50% | 2.84% | ||||||||||||||||||||
2013 |
0.00% | 977,067 | 13.306658 | 13,001,496 | 2.82% | -0.13% | ||||||||||||||||||||||
2012 |
0.00% | 140,055 | 13.324261 | 1,866,129 | 6.52% | 13.53% | ||||||||||||||||||||||
2011 |
0.20% | 164,077 | 11.642728 | 1,910,304 | 2.76% | 0.65% | ||||||||||||||||||||||
2011 |
0.25% | 23,951 | 11.619547 | 278,300 | 2.76% | 0.60% | ||||||||||||||||||||||
2010 |
0.20% | 156,222 | 11.567209 | 1,807,053 | 7.99% | 14.74% | ||||||||||||||||||||||
2010 |
0.25% | 22,412 | 11.549930 | 258,857 | 7.99% | 14.68% | ||||||||||||||||||||||
All Asset Portfolio - Administrative Class (PMVAAA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 72,319 | 18.472398 | 1,335,905 | 5.30% | 0.47% | ||||||||||||||||||||||
2014 |
0.10% | 67,637 | 18.276541 | 1,236,170 | 5.30% | 0.37% | ||||||||||||||||||||||
2014 |
0.20% | 892,177 | 18.082702 | 16,132,971 | 5.30% | 0.27% | ||||||||||||||||||||||
2014 |
0.25% | 481,742 | 17.986638 | 8,664,919 | 5.30% | 0.22% | ||||||||||||||||||||||
2013 |
0.00% | 76,642 | 18.385298 | 1,409,086 | 4.71% | 0.27% | ||||||||||||||||||||||
2013 |
0.10% | 67,026 | 18.208568 | 1,220,447 | 4.71% | 0.17% | ||||||||||||||||||||||
2013 |
0.20% | 884,021 | 18.033470 | 15,941,966 | 4.71% | 0.07% | ||||||||||||||||||||||
2013 |
0.25% | 438,349 | 17.946634 | 7,866,889 | 4.71% | 0.02% | ||||||||||||||||||||||
2012 |
0.00% | 69,786 | 18.335213 | 1,279,541 | 6.62% | 14.95% | ||||||||||||||||||||||
2012 |
0.10% | 113,326 | 18.177131 | 2,059,942 | 6.62% | 14.83% | ||||||||||||||||||||||
2012 |
0.20% | 819,406 | 18.020366 | 14,765,996 | 6.62% | 14.72% | ||||||||||||||||||||||
2012 |
0.25% | 417,817 | 17.942540 | 7,496,698 | 6.62% | 14.66% | ||||||||||||||||||||||
2011 |
0.00% | 19,444 | 15.951200 | 310,155 | 7.54% | 1.95% | ||||||||||||||||||||||
2011 |
0.10% | 94,917 | 15.829529 | 1,502,491 | 7.54% | 1.85% | ||||||||||||||||||||||
2011 |
0.20% | 10,041 | 15.708740 | 157,731 | 7.54% | 1.75% | ||||||||||||||||||||||
2011 |
0.25% | 87,183 | 15.648744 | 1,364,304 | 7.54% | 1.70% | ||||||||||||||||||||||
2010 |
0.00% | 11,713 | 15.645399 | 183,255 | 8.29% | 13.09% | ||||||||||||||||||||||
2010 |
0.10% | 41,515 | 15.541558 | 645,208 | 8.29% | 12.98% | ||||||||||||||||||||||
2010 |
0.20% | 6,904 | 15.438355 | 106,586 | 8.29% | 12.87% | ||||||||||||||||||||||
2010 |
0.25% | 76,310 | 15.387057 | 1,174,186 | 8.29% | 12.81% | ||||||||||||||||||||||
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 4,998 | 7.430399 | 37,137 | 0.16% | -25.70% | 5/1/2014 | |||||||||||||||||||||
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 70,194 | 13.003154 | 912,743 | 2.13% | 0.40% | ||||||||||||||||||||||
2014 |
0.20% | 10,297 | 12.830742 | 132,118 | 2.13% | 0.20% | ||||||||||||||||||||||
2014 |
0.25% | 25,873 | 12.787931 | 330,862 | 2.13% | 0.15% | ||||||||||||||||||||||
2013 |
0.00% | 189,931 | 12.951148 | 2,459,824 | 1.83% | -6.47% | ||||||||||||||||||||||
2013 |
0.20% | 16,214 | 12.805034 | 207,621 | 1.83% | -6.66% | ||||||||||||||||||||||
2013 |
0.25% | 24,994 | 12.768718 | 319,141 | 1.83% | -6.71% | ||||||||||||||||||||||
2012 |
0.00% | 120,480 | 13.847565 | 1,668,355 | 5.68% | 5.50% | ||||||||||||||||||||||
2012 |
0.20% | 8,978 | 13.718780 | 123,167 | 5.68% | 5.29% | ||||||||||||||||||||||
2012 |
0.25% | 24,563 | 13.686738 | 336,187 | 5.68% | 5.24% | ||||||||||||||||||||||
2011 |
0.00% | 171,174 | 13.125598 | 2,246,761 | 2.02% | 8.52% | ||||||||||||||||||||||
2011 |
0.20% | 6,368 | 13.029662 | 82,973 | 2.02% | 8.31% | ||||||||||||||||||||||
2011 |
0.25% | 28,274 | 13.005756 | 367,725 | 2.02% | 8.25% | ||||||||||||||||||||||
2010 |
0.00% | 131,526 | 12.094751 | 1,590,774 | 1.34% | 9.48% | ||||||||||||||||||||||
2010 |
0.20% | 7,458 | 12.030347 | 89,722 | 1.34% | 9.26% | ||||||||||||||||||||||
2010 |
0.25% | 20,610 | 12.014282 | 247,614 | 1.34% | 9.21% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 8,460 | $ | 15.137243 | $ | 128,061 | 2.26% | 23.76% | ||||||||||||||||||||
2014 |
0.25% | 159,473 | 15.101845 | 2,408,337 | 2.26% | 23.70% | ||||||||||||||||||||||
2013 |
0.20% | 9,699 | 12.231097 | 118,629 | 2.48% | -13.12% | ||||||||||||||||||||||
2013 |
0.25% | 137,559 | 12.208622 | 1,679,406 | 2.48% | -13.17% | ||||||||||||||||||||||
2012 |
0.20% | 7,044 | 14.078727 | 99,171 | 2.14% | 4.23% | ||||||||||||||||||||||
2012 |
0.25% | 22,192 | 14.059896 | 312,017 | 2.14% | 4.18% | ||||||||||||||||||||||
2011 |
0.20% | 83 | 13.507707 | 1,121 | 2.65% | 27.59% | ||||||||||||||||||||||
2011 |
0.25% | 30,544 | 13.496420 | 412,235 | 2.65% | 27.52% | ||||||||||||||||||||||
2010 |
0.00% | 707 | 10.601417 | 7,495 | 0.84% | 6.01% | 4/30/2010 | |||||||||||||||||||||
2010 |
0.25% | 2,990 | 10.583624 | 31,645 | 0.84% | 5.84% | 4/30/2010 | |||||||||||||||||||||
Low Duration Portfolio - Administrative Class (PMVLDA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 545,813 | 15.340739 | 8,373,175 | 1.13% | 0.85% | ||||||||||||||||||||||
2014 |
0.10% | 91,354 | 15.152711 | 1,384,261 | 1.13% | 0.75% | ||||||||||||||||||||||
2014 |
0.20% | 1,232,779 | 14.966804 | 18,450,762 | 1.13% | 0.65% | ||||||||||||||||||||||
2014 |
0.25% | 2,445,685 | 14.874647 | 36,378,701 | 1.13% | 0.60% | ||||||||||||||||||||||
2013 |
0.00% | 599,017 | 15.211610 | 9,112,013 | 1.42% | -0.13% | ||||||||||||||||||||||
2013 |
0.10% | 64,906 | 15.040207 | 976,200 | 1.42% | -0.23% | ||||||||||||||||||||||
2013 |
0.20% | 1,009,790 | 14.870553 | 15,016,136 | 1.42% | -0.33% | ||||||||||||||||||||||
2013 |
0.25% | 2,570,791 | 14.786404 | 38,012,754 | 1.42% | -0.38% | ||||||||||||||||||||||
2012 |
0.00% | 560,741 | 15.231801 | 8,541,095 | 1.93% | 5.86% | ||||||||||||||||||||||
2012 |
0.10% | 92,267 | 15.075249 | 1,390,948 | 1.93% | 5.75% | ||||||||||||||||||||||
2012 |
0.20% | 753,896 | 14.920147 | 11,248,239 | 1.93% | 5.64% | ||||||||||||||||||||||
2012 |
0.25% | 2,019,223 | 14.843142 | 29,971,614 | 1.93% | 5.59% | ||||||||||||||||||||||
2011 |
0.00% | 543,092 | 14.389072 | 7,814,590 | 1.68% | 1.11% | ||||||||||||||||||||||
2011 |
0.10% | 143,040 | 14.255473 | 2,039,103 | 1.68% | 1.01% | ||||||||||||||||||||||
2011 |
0.20% | 1,287,722 | 14.122982 | 18,186,475 | 1.68% | 0.91% | ||||||||||||||||||||||
2011 |
0.25% | 2,461,331 | 14.057158 | 34,599,319 | 1.68% | 0.86% | ||||||||||||||||||||||
2010 |
0.00% | 593,471 | 14.231338 | 8,445,886 | 1.64% | 5.29% | ||||||||||||||||||||||
2010 |
0.10% | 137,386 | 14.113277 | 1,938,967 | 1.64% | 5.19% | ||||||||||||||||||||||
2010 |
0.20% | 1,420,531 | 13.996078 | 19,881,863 | 1.64% | 5.08% | ||||||||||||||||||||||
2010 |
0.25% | 2,948,750 | 13.937807 | 41,099,108 | 1.64% | 5.03% | ||||||||||||||||||||||
Real Return Portfolio - Administrative Class (PMVRRA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 229,487 | 18.914047 | 4,340,528 | 1.42% | 3.09% | ||||||||||||||||||||||
2014 |
0.10% | 663,184 | 18.682045 | 12,389,633 | 1.42% | 2.99% | ||||||||||||||||||||||
2014 |
0.20% | 1,304,101 | 18.452610 | 24,064,067 | 1.42% | 2.89% | ||||||||||||||||||||||
2014 |
0.25% | 3,010,962 | 18.338895 | 55,217,716 | 1.42% | 2.83% | ||||||||||||||||||||||
2013 |
0.00% | 200,378 | 18.346890 | 3,676,313 | 1.64% | -9.22% | ||||||||||||||||||||||
2013 |
0.10% | 635,819 | 18.139980 | 11,533,744 | 1.64% | -9.31% | ||||||||||||||||||||||
2013 |
0.20% | 1,459,266 | 17.935163 | 26,172,174 | 1.64% | -9.40% | ||||||||||||||||||||||
2013 |
0.25% | 3,114,447 | 17.833569 | 55,541,705 | 1.64% | -9.44% | ||||||||||||||||||||||
2012 |
0.00% | 209,319 | 20.209690 | 4,230,272 | 1.08% | 8.75% | ||||||||||||||||||||||
2012 |
0.10% | 815,660 | 20.001770 | 16,314,644 | 1.08% | 8.65% | ||||||||||||||||||||||
2012 |
0.20% | 1,601,513 | 19.795748 | 31,703,148 | 1.08% | 8.54% | ||||||||||||||||||||||
2012 |
0.25% | 3,264,904 | 19.693483 | 64,297,331 | 1.08% | 8.48% | ||||||||||||||||||||||
2011 |
0.00% | 156,159 | 18.582806 | 2,901,872 | 2.08% | 11.67% | ||||||||||||||||||||||
2011 |
0.10% | 960,484 | 18.410083 | 17,682,590 | 2.08% | 11.56% | ||||||||||||||||||||||
2011 |
0.20% | 1,815,470 | 18.238767 | 33,111,934 | 2.08% | 11.45% | ||||||||||||||||||||||
2011 |
0.25% | 3,258,425 | 18.153657 | 59,152,330 | 2.08% | 11.39% | ||||||||||||||||||||||
2010 |
0.00% | 46,129 | 16.641007 | 767,633 | 1.44% | 8.11% | ||||||||||||||||||||||
2010 |
0.10% | 229,063 | 16.502776 | 3,780,175 | 1.44% | 8.00% | ||||||||||||||||||||||
2010 |
0.20% | 1,617,090 | 16.365561 | 26,464,585 | 1.44% | 7.90% | ||||||||||||||||||||||
2010 |
0.25% | 3,631,928 | 16.297330 | 59,190,729 | 1.44% | 7.84% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Total Return Portfolio - Administrative Class (PMVTRA) | ||||||||||||||||||||||||||
2014 |
0.00% | 954,265 | $ | 19.753234 | $ | 18,849,820 | 1.89% | 4.27% | ||||||||||||||||||
2014 |
0.10% | 170,286 | 19.510917 | 3,322,436 | 1.89% | 4.17% | ||||||||||||||||||||
2014 |
0.20% | 2,407,163 | 19.271323 | 46,389,216 | 1.89% | 4.06% | ||||||||||||||||||||
2014 |
0.25% | 5,240,087 | 19.152556 | 100,361,060 | 1.89% | 4.01% | ||||||||||||||||||||
2013 |
0.00% | 1,229,798 | 18.944143 | 23,297,469 | 2.20% | -1.96% | ||||||||||||||||||||
2013 |
0.10% | 7,535,646 | 18.730486 | 141,146,312 | 2.20% | -2.05% | ||||||||||||||||||||
2013 |
0.20% | 6,310,698 | 18.519021 | 116,867,949 | 2.20% | -2.15% | ||||||||||||||||||||
2013 |
0.25% | 7,595,063 | 18.414109 | 139,856,318 | 2.20% | -2.20% | ||||||||||||||||||||
2012 |
0.00% | 1,063,702 | 19.322000 | 20,552,850 | 2.57% | 9.60% | ||||||||||||||||||||
2012 |
0.10% | 7,558,546 | 19.123203 | 144,543,610 | 2.57% | 9.49% | ||||||||||||||||||||
2012 |
0.20% | 5,681,063 | 18.926252 | 107,521,230 | 2.57% | 9.38% | ||||||||||||||||||||
2012 |
0.25% | 8,600,586 | 18.828467 | 161,935,850 | 2.57% | 9.33% | ||||||||||||||||||||
2011 |
0.00% | 607,433 | 17.629489 | 10,708,733 | 2.62% | 3.60% | ||||||||||||||||||||
2011 |
0.10% | 7,698,175 | 17.465627 | 134,453,453 | 2.62% | 3.50% | ||||||||||||||||||||
2011 |
0.20% | 5,099,199 | 17.303112 | 88,232,011 | 2.62% | 3.40% | ||||||||||||||||||||
2011 |
0.25% | 8,572,880 | 17.222369 | 147,645,303 | 2.62% | 3.35% | ||||||||||||||||||||
2010 |
0.00% | 335,164 | 17.016112 | 5,703,188 | 2.37% | 8.11% | ||||||||||||||||||||
2010 |
0.10% | 7,893,918 | 16.874773 | 133,208,074 | 2.37% | 8.01% | ||||||||||||||||||||
2010 |
0.20% | 4,544,093 | 16.734465 | 76,042,965 | 2.37% | 7.90% | ||||||||||||||||||||
2010 |
0.25% | 8,614,973 | 16.664698 | 143,565,923 | 2.37% | 7.84% | ||||||||||||||||||||
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI) | ||||||||||||||||||||||||||
2014 |
0.00% | 82,712 | 6.510861 | 538,526 | 0.61% | -12.56% | ||||||||||||||||||||
2014 |
0.20% | 22,556 | 6.416942 | 144,741 | 0.61% | -12.73% | ||||||||||||||||||||
2014 |
0.25% | 22,013 | 6.393641 | 140,743 | 0.61% | -12.77% | ||||||||||||||||||||
2013 |
0.00% | 89,831 | 7.445671 | 668,852 | 1.13% | -1.97% | ||||||||||||||||||||
2013 |
0.20% | 21,081 | 7.352970 | 155,008 | 1.13% | -2.16% | ||||||||||||||||||||
2013 |
0.25% | 87,169 | 7.329950 | 638,944 | 1.13% | -2.21% | ||||||||||||||||||||
2012 |
0.00% | 86,867 | 7.594935 | 659,749 | 0.49% | 11.97% | ||||||||||||||||||||
2012 |
0.20% | 19,785 | 7.515397 | 148,692 | 0.49% | 11.74% | ||||||||||||||||||||
2012 |
0.25% | 102,575 | 7.495622 | 768,863 | 0.49% | 11.69% | ||||||||||||||||||||
2011 |
0.00% | 107,824 | 6.783221 | 731,394 | 0.27% | -23.40% | ||||||||||||||||||||
2011 |
0.20% | 466 | 6.725660 | 3,134 | 0.27% | -23.55% | ||||||||||||||||||||
2011 |
0.25% | 129,785 | 6.711325 | 871,029 | 0.27% | -23.59% | ||||||||||||||||||||
2010 |
0.00% | 89,814 | 8.855229 | 795,324 | 0.49% | 15.89% | ||||||||||||||||||||
2010 |
0.20% | 6,533 | 8.797643 | 57,475 | 0.49% | 15.66% | ||||||||||||||||||||
2010 |
0.25% | 131,029 | 8.783283 | 1,150,865 | 0.49% | 15.61% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1) | ||||||||||||||||||||||||||
2014 |
0.00% | 18,863 | $ | 27.296605 | $ | 514,896 | 4.72% | 0.08% | ||||||||||||||||||
2014 |
0.10% | 41,898 | 26.962029 | 1,129,655 | 4.72% | -0.02% | ||||||||||||||||||||
2014 |
0.20% | 59,086 | 26.631228 | 1,573,533 | 4.72% | -0.12% | ||||||||||||||||||||
2014 |
0.25% | 85,105 | 26.467236 | 2,252,494 | 4.72% | -0.17% | ||||||||||||||||||||
2013 |
0.00% | 26,218 | 27.273471 | 715,056 | 5.22% | 12.05% | ||||||||||||||||||||
2013 |
0.10% | 39,233 | 26.966149 | 1,057,963 | 5.22% | 11.94% | ||||||||||||||||||||
2013 |
0.20% | 65,562 | 26.661993 | 1,748,014 | 5.22% | 11.83% | ||||||||||||||||||||
2013 |
0.25% | 107,242 | 26.511090 | 2,843,102 | 5.22% | 11.77% | ||||||||||||||||||||
2012 |
0.00% | 16,595 | 24.339598 | 403,916 | 5.53% | 16.05% | ||||||||||||||||||||
2012 |
0.10% | 43,266 | 24.089443 | 1,042,254 | 5.53% | 15.93% | ||||||||||||||||||||
2012 |
0.20% | 103,936 | 23.841601 | 2,478,001 | 5.53% | 15.81% | ||||||||||||||||||||
2012 |
0.25% | 156,382 | 23.718546 | 3,709,154 | 5.53% | 15.76% | ||||||||||||||||||||
2011 |
0.00% | 12,611 | 20.973952 | 264,503 | 5.26% | -1.67% | ||||||||||||||||||||
2011 |
0.10% | 73,631 | 20.779227 | 1,529,995 | 5.26% | -1.76% | ||||||||||||||||||||
2011 |
0.20% | 166,152 | 20.586095 | 3,420,421 | 5.26% | -1.86% | ||||||||||||||||||||
2011 |
0.25% | 228,056 | 20.490135 | 4,672,898 | 5.26% | -1.91% | ||||||||||||||||||||
2010 |
0.00% | 8,029 | 21.329223 | 171,252 | 5.62% | 18.04% | ||||||||||||||||||||
2010 |
0.10% | 65,118 | 21.152286 | 1,377,395 | 5.62% | 17.92% | ||||||||||||||||||||
2010 |
0.20% | 264,897 | 20.976629 | 5,556,646 | 5.62% | 17.81% | ||||||||||||||||||||
2010 |
0.25% | 266,392 | 20.889289 | 5,564,739 | 5.62% | 17.75% | ||||||||||||||||||||
VT Growth & Income Fund: Class IB (PVGIB) | ||||||||||||||||||||||||||
2014 |
0.00% | 44,044 | 24.581005 | 1,082,646 | 1.18% | 10.73% | ||||||||||||||||||||
2013 |
0.00% | 44,765 | 22.198468 | 993,714 | 1.71% | 35.68% | ||||||||||||||||||||
2012 |
0.00% | 46,906 | 16.361335 | 767,445 | 1.65% | 19.14% | ||||||||||||||||||||
2011 |
0.00% | 50,439 | 13.733218 | 692,690 | 1.21% | -4.64% | ||||||||||||||||||||
2010 |
0.00% | 54,238 | 14.401578 | 781,113 | 1.61% | 14.38% | ||||||||||||||||||||
VT International Equity Fund: Class IB (PVTIGB) | ||||||||||||||||||||||||||
2014 |
0.00% | 51,810 | 21.460987 | 1,111,894 | 0.87% | -6.78% | ||||||||||||||||||||
2013 |
0.00% | 49,608 | 23.021172 | 1,142,034 | 1.43% | 28.07% | ||||||||||||||||||||
2012 |
0.00% | 53,095 | 17.975464 | 954,407 | 2.17% | 21.92% | ||||||||||||||||||||
2011 |
0.00% | 59,303 | 14.744148 | 874,372 | 3.34% | -16.93% | ||||||||||||||||||||
2010 |
0.00% | 64,956 | 17.749703 | 1,152,950 | 3.58% | 10.03% | ||||||||||||||||||||
VT Small Cap Value Fund: Class IB (PVTSCB) | ||||||||||||||||||||||||||
2014 |
0.00% | 2,851 | 14.481041 | 41,285 | 0.32% | 3.43% | ||||||||||||||||||||
2014 |
0.20% | 6,191 | 14.272216 | 88,359 | 0.32% | 3.23% | ||||||||||||||||||||
2014 |
0.25% | 42,688 | 14.220451 | 607,043 | 0.32% | 3.18% | ||||||||||||||||||||
2013 |
0.20% | 188 | 13.825972 | 2,599 | 0.78% | 39.33% | ||||||||||||||||||||
2013 |
0.25% | 532 | 13.782720 | 7,332 | 0.78% | 39.26% | ||||||||||||||||||||
2012 |
0.20% | 170 | 9.923349 | 1,687 | 0.38% | 17.25% | ||||||||||||||||||||
2012 |
0.25% | 129 | 9.897245 | 1,277 | 0.38% | 17.19% | ||||||||||||||||||||
2011 |
0.00% | 2 | 8.535717 | 17 | 0.48% | -4.73% | ||||||||||||||||||||
2011 |
0.20% | 112 | 8.463270 | 948 | 0.48% | -4.92% | ||||||||||||||||||||
2011 |
0.25% | 1,139 | 8.445238 | 9,619 | 0.48% | -4.96% | ||||||||||||||||||||
2010 |
0.20% | 23 | 8.900840 | 205 | 0.25% | 25.73% | ||||||||||||||||||||
2010 |
0.25% | 847 | 8.886315 | 7,527 | 0.25% | 25.67% | ||||||||||||||||||||
VT Voyager Fund: Class IB (PVTVB) | ||||||||||||||||||||||||||
2014 |
0.00% | 59,171 | 27.009337 | 1,598,169 | 0.74% | 9.72% | ||||||||||||||||||||
2013 |
0.00% | 80,179 | 24.616350 | 1,973,714 | 0.75% | 43.72% | ||||||||||||||||||||
2012 |
0.00% | 66,439 | 17.127486 | 1,137,933 | 0.33% | 14.23% | ||||||||||||||||||||
2011 |
0.00% | 103,328 | 14.994106 | 1,549,311 | 0.00% | -17.85% | ||||||||||||||||||||
2010 |
0.00% | 84,002 | 18.251644 | 1,533,175 | 1.31% | 20.80% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
VI Growth and Income Fund - Series I Shares (ACGI) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 727 | $ | 17.160094 | $ | 12,475 | 1.85% | 10.28% | ||||||||||||||||||||
2014 |
0.20% | 58,679 | 17.000821 | 997,591 | 1.85% | 10.06% | ||||||||||||||||||||||
2014 |
0.25% | 252,618 | 16.961219 | 4,284,709 | 1.85% | 10.00% | ||||||||||||||||||||||
2013 |
0.00% | 3,812 | 15.560488 | 59,317 | 1.50% | 34.08% | ||||||||||||||||||||||
2013 |
0.20% | 49,108 | 15.446928 | 758,568 | 1.50% | 33.81% | ||||||||||||||||||||||
2013 |
0.25% | 233,125 | 15.418659 | 3,594,475 | 1.50% | 33.75% | ||||||||||||||||||||||
2012 |
0.00% | 3,942 | 11.605231 | 45,748 | 1.77% | 14.63% | ||||||||||||||||||||||
2012 |
0.20% | 53,399 | 11.543577 | 616,415 | 1.77% | 14.40% | ||||||||||||||||||||||
2012 |
0.25% | 248,897 | 11.528209 | 2,869,337 | 1.77% | 14.35% | ||||||||||||||||||||||
2011 |
0.00% | 3,029 | 10.123727 | 30,665 | 1.62% | -2.01% | ||||||||||||||||||||||
2011 |
0.20% | 6,745 | 10.090153 | 68,058 | 1.62% | -2.20% | ||||||||||||||||||||||
2011 |
0.25% | 167,059 | 10.081770 | 1,684,250 | 1.62% | -2.25% | ||||||||||||||||||||||
VI American Franchise Fund - Series I Shares (ACEG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 74,837 | 14.816518 | 1,108,824 | 0.04% | 8.44% | ||||||||||||||||||||||
2013 |
0.00% | 86,923 | 13.663384 | 1,187,662 | 0.43% | 40.14% | ||||||||||||||||||||||
2012 |
0.00% | 82,490 | 9.750071 | 804,283 | 0.00% | -2.50% | 4/27/2012 | |||||||||||||||||||||
VI Value Opportunities Fund - Series I Shares (AVBVI) |
| |||||||||||||||||||||||||||
2014 |
0.10% | 19,122 | 21.892482 | 418,628 | 1.44% | 6.51% | ||||||||||||||||||||||
2014 |
0.25% | 5,847 | 21.491385 | 125,660 | 1.44% | 6.35% | ||||||||||||||||||||||
2013 |
0.10% | 20,420 | 20.553942 | 419,711 | 1.18% | 33.62% | ||||||||||||||||||||||
2013 |
0.25% | 5,454 | 20.207669 | 110,213 | 1.18% | 33.42% | ||||||||||||||||||||||
2012 |
0.10% | 26,222 | 15.382303 | 403,355 | 1.42% | 17.59% | ||||||||||||||||||||||
2012 |
0.20% | 7,061 | 15.224250 | 107,498 | 1.42% | 17.47% | ||||||||||||||||||||||
2012 |
0.25% | 11,903 | 15.145833 | 180,281 | 1.42% | 17.41% | ||||||||||||||||||||||
2011 |
0.10% | 31,813 | 13.081814 | 416,172 | 0.88% | -3.15% | ||||||||||||||||||||||
2011 |
0.20% | 10,120 | 12.960374 | 131,159 | 0.88% | -3.24% | ||||||||||||||||||||||
2011 |
0.25% | 12,226 | 12.900080 | 157,716 | 0.88% | -3.29% | ||||||||||||||||||||||
2010 |
0.10% | 24,967 | 13.506772 | 337,224 | 0.57% | 7.24% | ||||||||||||||||||||||
2010 |
0.20% | 5,367 | 13.394748 | 71,890 | 0.57% | 7.14% | ||||||||||||||||||||||
2010 |
0.25% | 18,585 | 13.339087 | 247,907 | 0.57% | 7.08% | ||||||||||||||||||||||
VI High Yield Fund - Series I Shares (AVHY1) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 25,380 | 13.681814 | 347,244 | 4.12% | 1.73% | ||||||||||||||||||||||
2014 |
0.20% | 804,677 | 13.554885 | 10,907,304 | 4.12% | 1.52% | ||||||||||||||||||||||
2014 |
0.25% | 313,696 | 13.523295 | 4,242,204 | 4.12% | 1.47% | ||||||||||||||||||||||
2013 |
0.00% | 27,374 | 13.449619 | 368,170 | 4.58% | 7.01% | ||||||||||||||||||||||
2013 |
0.20% | 491,572 | 13.351532 | 6,563,239 | 4.58% | 6.79% | ||||||||||||||||||||||
2013 |
0.25% | 262,672 | 13.327070 | 3,500,648 | 4.58% | 6.74% | ||||||||||||||||||||||
2012 |
0.00% | 44,319 | 12.568827 | 557,038 | 5.34% | 17.17% | ||||||||||||||||||||||
2012 |
0.20% | 480,979 | 12.502127 | 6,013,261 | 5.34% | 16.94% | ||||||||||||||||||||||
2012 |
0.25% | 265,785 | 12.485469 | 3,318,450 | 5.34% | 16.88% | ||||||||||||||||||||||
2011 |
0.00% | 43,041 | 10.726705 | 461,688 | 4.07% | 0.96% | ||||||||||||||||||||||
2011 |
0.20% | 391,627 | 10.691182 | 4,186,956 | 4.07% | 0.76% | ||||||||||||||||||||||
2011 |
0.25% | 215,058 | 10.682283 | 2,297,310 | 4.07% | 0.71% | ||||||||||||||||||||||
2010 |
0.00% | 885 | 10.624548 | 9,403 | 8.17% | 6.25% | 5/3/2010 | |||||||||||||||||||||
2010 |
0.25% | 63,440 | 10.606962 | 672,906 | 8.17% | 6.07% | 5/3/2010 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
VI International Growth Fund - Series I Shares (AVIE) | ||||||||||||||||||||||||||
2014 |
0.00% | 66,676 | $ | 24.249478 | $ | 1,616,858 | 1.60% | 0.33% | ||||||||||||||||||
2014 |
0.10% | 82,501 | 23.992303 | 1,979,389 | 1.60% | 0.23% | ||||||||||||||||||||
2014 |
0.20% | 955,052 | 23.737932 | 22,670,959 | 1.60% | 0.13% | ||||||||||||||||||||
2014 |
0.25% | 1,371,702 | 23.611714 | 32,388,235 | 1.60% | 0.08% | ||||||||||||||||||||
2013 |
0.00% | 54,300 | 24.169304 | 1,312,393 | 1.27% | 19.01% | ||||||||||||||||||||
2013 |
0.10% | 70,645 | 23.936914 | 1,691,023 | 1.27% | 18.89% | ||||||||||||||||||||
2013 |
0.20% | 885,594 | 23.706829 | 20,994,626 | 1.27% | 18.78% | ||||||||||||||||||||
2013 |
0.25% | 1,326,445 | 23.592587 | 31,294,269 | 1.27% | 18.72% | ||||||||||||||||||||
2012 |
0.00% | 48,490 | 20.308142 | 984,742 | 1.49% | 15.53% | ||||||||||||||||||||
2012 |
0.10% | 81,123 | 20.132993 | 1,633,249 | 1.49% | 15.42% | ||||||||||||||||||||
2012 |
0.20% | 840,837 | 19.959406 | 16,782,607 | 1.49% | 15.30% | ||||||||||||||||||||
2012 |
0.25% | 1,152,480 | 19.873147 | 22,903,404 | 1.49% | 15.24% | ||||||||||||||||||||
2011 |
0.00% | 43,155 | 17.577932 | 758,576 | 1.56% | -6.74% | ||||||||||||||||||||
2011 |
0.10% | 96,833 | 17.443806 | 1,689,136 | 1.56% | -6.83% | ||||||||||||||||||||
2011 |
0.20% | 717,058 | 17.310748 | 12,412,810 | 1.56% | -6.93% | ||||||||||||||||||||
2011 |
0.25% | 1,182,001 | 17.244564 | 20,383,092 | 1.56% | -6.97% | ||||||||||||||||||||
2010 |
0.00% | 39,185 | 18.848465 | 738,577 | 2.26% | 12.86% | ||||||||||||||||||||
2010 |
0.10% | 95,102 | 18.723325 | 1,780,626 | 2.26% | 12.75% | ||||||||||||||||||||
2010 |
0.20% | 606,955 | 18.599074 | 11,288,801 | 2.26% | 12.64% | ||||||||||||||||||||
2010 |
0.25% | 1,385,053 | 18.537223 | 25,675,036 | 2.26% | 12.58% | ||||||||||||||||||||
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI) | ||||||||||||||||||||||||||
2014 |
0.00% | 6,784 | 20.177063 | 136,881 | 0.04% | 4.43% | ||||||||||||||||||||
2014 |
0.20% | 952 | 19.792988 | 18,843 | 0.04% | 4.23% | ||||||||||||||||||||
2014 |
0.25% | 14,528 | 19.737015 | 286,739 | 0.04% | 4.17% | ||||||||||||||||||||
2013 |
0.00% | 5,832 | 19.320302 | 112,676 | 0.71% | 28.81% | ||||||||||||||||||||
2013 |
0.20% | 852 | 18.990489 | 16,180 | 0.71% | 28.56% | ||||||||||||||||||||
2013 |
0.25% | 64,646 | 18.946248 | 1,224,799 | 0.71% | 28.49% | ||||||||||||||||||||
2012 |
0.00% | 1,022 | 14.998642 | 15,329 | 0.10% | 10.96% | ||||||||||||||||||||
2012 |
0.20% | 1,119 | 14.772087 | 16,530 | 0.10% | 10.73% | ||||||||||||||||||||
2012 |
0.25% | 64,406 | 14.745046 | 949,669 | 0.10% | 10.68% | ||||||||||||||||||||
2011 |
0.00% | 701 | 13.517743 | 9,476 | 0.39% | -6.38% | ||||||||||||||||||||
2011 |
0.20% | 493 | 13.340285 | 6,577 | 0.39% | -6.56% | ||||||||||||||||||||
2011 |
0.25% | 17,689 | 13.322532 | 235,662 | 0.39% | -6.61% | ||||||||||||||||||||
2010 |
0.00% | 547 | 14.438615 | 7,898 | 1.28% | 14.11% | ||||||||||||||||||||
2010 |
0.20% | 222 | 14.277548 | 3,170 | 1.28% | 13.88% | ||||||||||||||||||||
2010 |
0.25% | 6,608 | 14.265646 | 94,267 | 1.28% | 13.83% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Micro-Cap Portfolio - Investment Class (ROCMC) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 35,744 | $ | 31.036487 | $ | 1,109,368 | 0.00% | -3.58% | ||||||||||||||||||||
2014 |
0.10% | 47,661 | 30.656252 | 1,461,108 | 0.00% | -3.67% | ||||||||||||||||||||||
2014 |
0.20% | 62,640 | 30.280703 | 1,896,783 | 0.00% | -3.77% | ||||||||||||||||||||||
2014 |
0.25% | 226,349 | 30.094665 | 6,811,897 | 0.00% | -3.82% | ||||||||||||||||||||||
2013 |
0.00% | 38,195 | 32.188216 | 1,229,429 | 0.41% | 20.99% | ||||||||||||||||||||||
2013 |
0.10% | 64,300 | 31.825701 | 2,046,393 | 0.41% | 20.87% | ||||||||||||||||||||||
2013 |
0.20% | 118,915 | 31.467281 | 3,741,932 | 0.41% | 20.74% | ||||||||||||||||||||||
2013 |
0.25% | 582,002 | 31.289594 | 18,210,606 | 0.41% | 20.68% | ||||||||||||||||||||||
2012 |
0.00% | 67,566 | 26.604902 | 1,797,587 | 0.00% | 7.60% | ||||||||||||||||||||||
2012 |
0.10% | 93,666 | 26.331578 | 2,466,374 | 0.00% | 7.50% | ||||||||||||||||||||||
2012 |
0.20% | 378,057 | 26.061067 | 9,852,569 | 0.00% | 7.39% | ||||||||||||||||||||||
2012 |
0.25% | 990,487 | 25.926857 | 25,680,215 | 0.00% | 7.34% | ||||||||||||||||||||||
2011 |
0.00% | 47,676 | 24.724626 | 1,178,771 | 2.44% | -12.10% | ||||||||||||||||||||||
2011 |
0.10% | 129,742 | 24.495169 | 3,178,052 | 2.44% | -12.19% | ||||||||||||||||||||||
2011 |
0.20% | 504,985 | 24.267837 | 12,254,894 | 2.44% | -12.28% | ||||||||||||||||||||||
2011 |
0.25% | 1,255,233 | 24.154962 | 30,320,105 | 2.44% | -12.32% | ||||||||||||||||||||||
2010 |
0.00% | 31,852 | 28.128399 | 895,946 | 1.92% | 29.96% | ||||||||||||||||||||||
2010 |
0.10% | 126,687 | 27.895201 | 3,533,959 | 1.92% | 29.83% | ||||||||||||||||||||||
2010 |
0.20% | 343,994 | 27.663928 | 9,516,225 | 1.92% | 29.70% | ||||||||||||||||||||||
2010 |
0.25% | 1,201,054 | 27.549005 | 33,087,843 | 1.92% | 29.64% | ||||||||||||||||||||||
Small-Cap Portfolio - Investment Class (ROCSC) |
| |||||||||||||||||||||||||||
2012 |
0.20% | 161,683 | 12.886131 | 2,083,468 | 0.10% | 12.27% | ||||||||||||||||||||||
2012 |
0.25% | 22,966 | 12.853991 | 295,205 | 0.10% | 12.22% | ||||||||||||||||||||||
2011 |
0.20% | 179,386 | 11.477349 | 2,058,876 | 0.51% | -3.48% | ||||||||||||||||||||||
2011 |
0.25% | 26,186 | 11.454460 | 299,946 | 0.51% | -3.52% | ||||||||||||||||||||||
2010 |
0.20% | 24,253 | 11.890655 | 288,384 | 0.13% | 20.28% | ||||||||||||||||||||||
2010 |
0.25% | 3,479 | 11.872859 | 41,306 | 0.13% | 20.22% | ||||||||||||||||||||||
Variable Fund - Multi-Hedge Strategies (RVARS) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 75,501 | 10.461335 | 789,841 | 0.00% | 4.66% | ||||||||||||||||||||||
2013 |
0.00% | 16,822 | 9.995608 | 168,146 | 0.00% | -0.04% | 5/1/2013 | |||||||||||||||||||||
Blue Chip Growth Portfolio - II (TRBCG2) |
| |||||||||||||||||||||||||||
2010 |
0.20% | 30,509 | 12.978284 | 395,954 | 0.00% | 15.77% | ||||||||||||||||||||||
2010 |
0.25% | 4,383 | 12.941568 | 56,723 | 0.00% | 15.71% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Equity Income Portfolio - II (TREI2) | ||||||||||||||||||||||||||
2014 |
0.00% | 90,419 | $ | 27.066173 | $ | 2,447,296 | 1.51% | 7.10% | ||||||||||||||||||
2014 |
0.10% | 87,057 | 26.734651 | 2,327,439 | 1.51% | 7.00% | ||||||||||||||||||||
2014 |
0.20% | 805,198 | 26.407148 | 21,262,983 | 1.51% | 6.89% | ||||||||||||||||||||
2014 |
0.25% | 1,825,196 | 26.244959 | 47,902,194 | 1.51% | 6.84% | ||||||||||||||||||||
2013 |
0.00% | 91,799 | 25.271092 | 2,319,861 | 1.33% | 29.41% | ||||||||||||||||||||
2013 |
0.10% | 88,850 | 24.986539 | 2,220,054 | 1.33% | 29.28% | ||||||||||||||||||||
2013 |
0.20% | 769,502 | 24.705147 | 19,010,660 | 1.33% | 29.15% | ||||||||||||||||||||
2013 |
0.25% | 1,948,099 | 24.565685 | 47,856,386 | 1.33% | 29.08% | ||||||||||||||||||||
2012 |
0.00% | 86,712 | 19.528615 | 1,693,365 | 1.93% | 16.92% | ||||||||||||||||||||
2012 |
0.10% | 120,639 | 19.328030 | 2,331,714 | 1.93% | 16.81% | ||||||||||||||||||||
2012 |
0.20% | 731,656 | 19.129466 | 13,996,189 | 1.93% | 16.69% | ||||||||||||||||||||
2012 |
0.25% | 1,843,354 | 19.030987 | 35,080,846 | 1.93% | 16.63% | ||||||||||||||||||||
2011 |
0.00% | 77,285 | 16.702169 | 1,290,827 | 1.49% | -1.02% | ||||||||||||||||||||
2011 |
0.10% | 170,630 | 16.547192 | 2,823,447 | 1.49% | -1.12% | ||||||||||||||||||||
2011 |
0.20% | 1,220,543 | 16.393623 | 20,009,122 | 1.49% | -1.22% | ||||||||||||||||||||
2011 |
0.25% | 2,081,555 | 16.317395 | 33,965,555 | 1.49% | -1.27% | ||||||||||||||||||||
2010 |
0.00% | 78,807 | 16.874180 | 1,329,804 | 1.59% | 14.74% | ||||||||||||||||||||
2010 |
0.10% | 186,234 | 16.734289 | 3,116,494 | 1.59% | 14.63% | ||||||||||||||||||||
2010 |
0.20% | 822,711 | 16.595545 | 13,653,337 | 1.59% | 14.51% | ||||||||||||||||||||
2010 |
0.25% | 2,576,571 | 16.526617 | 42,582,002 | 1.59% | 14.46% | ||||||||||||||||||||
Health Sciences Portfolio - II (TRHS2) | ||||||||||||||||||||||||||
2014 |
0.00% | 459,906 | 30.816119 | 14,172,518 | 0.00% | 31.22% | ||||||||||||||||||||
2014 |
0.20% | 489,466 | 30.388207 | 14,873,994 | 0.00% | 30.96% | ||||||||||||||||||||
2014 |
0.25% | 69,008 | 30.282174 | 2,089,712 | 0.00% | 30.90% | ||||||||||||||||||||
2013 |
0.00% | 400,032 | 23.483805 | 9,394,273 | 0.00% | 50.51% | ||||||||||||||||||||
2013 |
0.20% | 436,725 | 23.204014 | 10,133,773 | 0.00% | 50.21% | ||||||||||||||||||||
2013 |
0.25% | 61,756 | 23.134613 | 1,428,701 | 0.00% | 50.14% | ||||||||||||||||||||
2012 |
0.00% | 284,958 | 15.602728 | 4,446,122 | 0.00% | 31.00% | ||||||||||||||||||||
2012 |
0.20% | 350,332 | 15.447653 | 5,411,807 | 0.00% | 30.74% | ||||||||||||||||||||
2012 |
0.25% | 49,763 | 15.409140 | 766,805 | 0.00% | 30.67% | ||||||||||||||||||||
2011 |
0.00% | 187,535 | 11.910614 | 2,233,657 | 0.00% | 10.39% | ||||||||||||||||||||
2011 |
0.20% | 267,658 | 11.815879 | 3,162,615 | 0.00% | 10.17% | ||||||||||||||||||||
2011 |
0.25% | 39,071 | 11.792318 | 460,738 | 0.00% | 10.11% | ||||||||||||||||||||
2010 |
0.00% | 59,497 | 10.790053 | 641,976 | 0.00% | 15.31% | ||||||||||||||||||||
2010 |
0.20% | 148,647 | 10.725614 | 1,594,330 | 0.00% | 15.08% | ||||||||||||||||||||
2010 |
0.25% | 21,321 | 10.709560 | 228,339 | 0.00% | 15.02% | ||||||||||||||||||||
Limited-Term Bond Portfolio (TRLT1) | ||||||||||||||||||||||||||
2014 |
0.00% | 42,914 | 10.453199 | 448,589 | 1.25% | 0.64% | ||||||||||||||||||||
2014 |
0.20% | 102,490 | 10.368069 | 1,062,623 | 1.25% | 0.44% | ||||||||||||||||||||
2014 |
0.25% | 1,509,078 | 10.346826 | 15,614,167 | 1.25% | 0.39% | ||||||||||||||||||||
2013 |
0.00% | 30,577 | 10.387051 | 317,605 | 1.44% | 0.13% | ||||||||||||||||||||
2013 |
0.20% | 32,627 | 10.323098 | 336,812 | 1.44% | -0.07% | ||||||||||||||||||||
2013 |
0.25% | 1,352,892 | 10.307121 | 13,944,422 | 1.44% | -0.12% | ||||||||||||||||||||
2012 |
0.00% | 2,310 | 10.373567 | 23,963 | 2.05% | 2.47% | ||||||||||||||||||||
2012 |
0.20% | 25,459 | 10.330359 | 263,001 | 2.05% | 2.27% | ||||||||||||||||||||
2012 |
0.25% | 203,070 | 10.319545 | 2,095,590 | 2.05% | 2.22% | ||||||||||||||||||||
2011 |
0.00% | 1,539 | 10.123073 | 15,579 | 2.33% | 1.60% | ||||||||||||||||||||
2011 |
0.20% | 12,453 | 10.101163 | 125,790 | 2.33% | 1.40% | ||||||||||||||||||||
2011 |
0.25% | 25,033 | 10.095672 | 252,725 | 2.33% | 1.35% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Mid-Cap Growth Portfolio - II (TRMCG2) | ||||||||||||||||||||||||||
2014 |
0.10% | 100,601 | $ | 45.278398 | $ | 4,555,052 | 0.00% | 12.71% | ||||||||||||||||||
2014 |
0.20% | 152,909 | 44.723754 | 6,838,665 | 0.00% | 12.60% | ||||||||||||||||||||
2014 |
0.25% | 517,115 | 44.449051 | 22,985,271 | 0.00% | 12.54% | ||||||||||||||||||||
2013 |
0.10% | 60,960 | 40.172418 | 2,448,911 | 0.00% | 36.26% | ||||||||||||||||||||
2013 |
0.20% | 160,278 | 39.720006 | 6,366,243 | 0.00% | 36.12% | ||||||||||||||||||||
2013 |
0.25% | 546,346 | 39.495765 | 21,578,353 | 0.00% | 36.06% | ||||||||||||||||||||
2012 |
0.10% | 89,523 | 29.482112 | 2,639,327 | 0.00% | 13.50% | ||||||||||||||||||||
2012 |
0.20% | 171,631 | 29.179226 | 5,008,060 | 0.00% | 13.39% | ||||||||||||||||||||
2012 |
0.25% | 553,994 | 29.028993 | 16,081,888 | 0.00% | 13.33% | ||||||||||||||||||||
2011 |
0.10% | 117,041 | 25.974820 | 3,040,119 | 0.00% | -1.62% | ||||||||||||||||||||
2011 |
0.20% | 205,268 | 25.733750 | 5,282,315 | 0.00% | -1.72% | ||||||||||||||||||||
2011 |
0.25% | 689,988 | 25.614079 | 17,673,407 | 0.00% | -1.77% | ||||||||||||||||||||
2010 |
0.10% | 106,889 | 26.402453 | 2,822,132 | 0.00% | 27.65% | ||||||||||||||||||||
2010 |
0.20% | 157,925 | 26.183527 | 4,135,034 | 0.00% | 27.52% | ||||||||||||||||||||
2010 |
0.25% | 589,794 | 26.074777 | 15,378,747 | 0.00% | 27.46% | ||||||||||||||||||||
New America Growth Portfolio (TRNAG1) | ||||||||||||||||||||||||||
2014 |
0.00% | 233,907 | 25.804892 | 6,035,945 | 0.00% | 9.33% | ||||||||||||||||||||
2014 |
0.10% | 94,932 | 25.531238 | 2,423,731 | 0.00% | 9.22% | ||||||||||||||||||||
2014 |
0.20% | 414,559 | 25.260493 | 10,471,965 | 0.00% | 9.12% | ||||||||||||||||||||
2014 |
0.25% | 962,458 | 25.126185 | 24,182,898 | 0.00% | 9.06% | ||||||||||||||||||||
2013 |
0.00% | 270,582 | 23.601929 | 6,386,257 | 0.00% | 38.01% | ||||||||||||||||||||
2013 |
0.10% | 82,829 | 23.375000 | 1,936,128 | 0.00% | 37.87% | ||||||||||||||||||||
2013 |
0.20% | 377,638 | 23.150264 | 8,742,419 | 0.00% | 37.73% | ||||||||||||||||||||
2013 |
0.25% | 1,120,051 | 23.038679 | 25,804,495 | 0.00% | 37.66% | ||||||||||||||||||||
2012 |
0.00% | 180,354 | 17.101805 | 3,084,379 | 0.56% | 13.12% | ||||||||||||||||||||
2012 |
0.10% | 111,088 | 16.954305 | 1,883,420 | 0.56% | 13.01% | ||||||||||||||||||||
2012 |
0.20% | 373,039 | 16.808089 | 6,270,073 | 0.56% | 12.89% | ||||||||||||||||||||
2012 |
0.25% | 1,386,355 | 16.735434 | 23,201,253 | 0.56% | 12.84% | ||||||||||||||||||||
2011 |
0.00% | 105,394 | 15.118123 | 1,593,359 | 0.22% | -1.07% | ||||||||||||||||||||
2011 |
0.10% | 110,249 | 15.002759 | 1,654,039 | 0.22% | -1.17% | ||||||||||||||||||||
2011 |
0.20% | 247,318 | 14.888293 | 3,682,143 | 0.22% | -1.27% | ||||||||||||||||||||
2011 |
0.25% | 1,020,263 | 14.831357 | 15,131,885 | 0.22% | -1.32% | ||||||||||||||||||||
2010 |
0.00% | 39,759 | 15.281652 | 607,583 | 0.22% | 19.65% | ||||||||||||||||||||
2010 |
0.10% | 74,949 | 15.180193 | 1,137,740 | 0.22% | 19.53% | ||||||||||||||||||||
2010 |
0.20% | 150,190 | 15.079403 | 2,264,776 | 0.22% | 19.41% | ||||||||||||||||||||
2010 |
0.25% | 1,088,062 | 15.029245 | 16,352,750 | 0.22% | 19.35% | ||||||||||||||||||||
Personal Strategy Balanced Portfolio (TRPSB1) | ||||||||||||||||||||||||||
2014 |
0.00% | 37,513 | 16.343094 | 613,078 | 1.68% | 5.20% | ||||||||||||||||||||
2014 |
0.20% | 28,527 | 16.080089 | 458,717 | 1.68% | 4.99% | ||||||||||||||||||||
2014 |
0.25% | 189,914 | 16.015007 | 3,041,474 | 1.68% | 4.94% | ||||||||||||||||||||
2013 |
0.00% | 36,734 | 15.535370 | 570,676 | 1.53% | 17.93% | ||||||||||||||||||||
2013 |
0.20% | 39,811 | 15.315966 | 609,744 | 1.53% | 17.69% | ||||||||||||||||||||
2013 |
0.25% | 174,269 | 15.261599 | 2,659,624 | 1.53% | 17.63% | ||||||||||||||||||||
2012 |
0.00% | 31,059 | 13.173531 | 409,157 | 1.90% | 15.14% | ||||||||||||||||||||
2012 |
0.20% | 28,866 | 13.013475 | 375,647 | 1.90% | 14.91% | ||||||||||||||||||||
2012 |
0.25% | 246,963 | 12.973754 | 3,204,037 | 1.90% | 14.86% | ||||||||||||||||||||
2011 |
0.00% | 26,377 | 11.440995 | 301,779 | 2.23% | -0.32% | ||||||||||||||||||||
2011 |
0.20% | 4,926 | 11.324676 | 55,785 | 2.23% | -0.52% | ||||||||||||||||||||
2011 |
0.25% | 230,100 | 11.295758 | 2,599,154 | 2.23% | -0.57% | ||||||||||||||||||||
2010 |
0.00% | 22,601 | 11.478195 | 259,419 | 2.69% | 13.71% | ||||||||||||||||||||
2010 |
0.20% | 275 | 11.384193 | 3,131 | 2.69% | 13.48% | ||||||||||||||||||||
2010 |
0.25% | 108,242 | 11.360802 | 1,229,716 | 2.69% | 13.43% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Blue Chip Growth Portfolio (TRBCGP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 386,335 | $ | 15.641455 | $ | 6,042,842 | 0.00% | 9.17% | ||||||||||||||||||||
2014 |
0.20% | 222,445 | 15.573952 | 3,464,348 | 0.00% | 8.95% | ||||||||||||||||||||||
2014 |
0.25% | 1,167,901 | 15.557128 | 18,169,185 | 0.00% | 8.89% | ||||||||||||||||||||||
2013 |
0.00% | 3,054 | 14.327937 | 43,758 | 0.08% | 41.15% | ||||||||||||||||||||||
2013 |
0.20% | 58,866 | 14.294661 | 841,470 | 0.08% | 40.87% | ||||||||||||||||||||||
2013 |
0.25% | 516,728 | 14.286363 | 7,382,164 | 0.08% | 40.80% | ||||||||||||||||||||||
2012 |
0.20% | 7,713 | 10.147317 | 78,266 | 0.14% | 1.47% | 11/1/2012 | |||||||||||||||||||||
2012 |
0.25% | 174 | 10.146488 | 1,765 | 0.14% | 1.46% | 11/1/2012 | |||||||||||||||||||||
VIP Trust Emerging Markets Fund - Initial Class (VWEM) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 183,449 | 36.831198 | 6,756,646 | 0.51% | -0.41% | ||||||||||||||||||||||
2014 |
0.10% | 73,835 | 49.606579 | 3,662,702 | 0.51% | -0.51% | ||||||||||||||||||||||
2014 |
0.20% | 49,271 | 45.535927 | 2,243,601 | 0.51% | -0.61% | ||||||||||||||||||||||
2014 |
0.25% | 29,770 | 45.216234 | 1,346,087 | 0.51% | -0.66% | ||||||||||||||||||||||
2013 |
0.00% | 198,610 | 36.984403 | 7,345,472 | 1.64% | 12.02% | ||||||||||||||||||||||
2013 |
0.10% | 69,802 | 49.862781 | 3,480,522 | 1.64% | 11.91% | ||||||||||||||||||||||
2013 |
0.20% | 50,086 | 45.816921 | 2,294,786 | 1.64% | 11.80% | ||||||||||||||||||||||
2013 |
0.25% | 35,687 | 45.518029 | 1,624,402 | 1.64% | 11.74% | ||||||||||||||||||||||
2012 |
0.00% | 233,193 | 33.015883 | 7,699,073 | 0.00% | 29.81% | ||||||||||||||||||||||
2012 |
0.10% | 100,026 | 44.556901 | 4,456,849 | 0.00% | 29.68% | ||||||||||||||||||||||
2012 |
0.20% | 51,472 | 40.982513 | 2,109,452 | 0.00% | 29.55% | ||||||||||||||||||||||
2012 |
0.25% | 36,430 | 40.735521 | 1,483,995 | 0.00% | 29.48% | ||||||||||||||||||||||
2011 |
0.00% | 259,894 | 25.434462 | 6,610,264 | 1.02% | -25.74% | ||||||||||||||||||||||
2011 |
0.10% | 132,103 | 34.359714 | 4,539,021 | 1.02% | -25.81% | ||||||||||||||||||||||
2011 |
0.20% | 61,605 | 31.635035 | 1,948,876 | 1.02% | -25.89% | ||||||||||||||||||||||
2011 |
0.25% | 47,069 | 31.460137 | 1,480,797 | 1.02% | -25.92% | ||||||||||||||||||||||
2010 |
0.00% | 307,064 | 34.249232 | 10,516,706 | 0.62% | 26.84% | ||||||||||||||||||||||
2010 |
0.10% | 119,267 | 46.313968 | 5,523,728 | 0.62% | 26.71% | ||||||||||||||||||||||
2010 |
0.20% | 68,475 | 42.683992 | 2,922,786 | 0.62% | 26.59% | ||||||||||||||||||||||
2010 |
0.25% | 48,048 | 42.469224 | 2,040,561 | 0.62% | 26.52% | ||||||||||||||||||||||
VIP Trust Global Hard Assets Fund - Initial Class (VWHA) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 228,126 | 33.865332 | 7,725,563 | 0.10% | -19.10% | ||||||||||||||||||||||
2014 |
0.10% | 46,249 | 46.830973 | 2,165,886 | 0.10% | -19.18% | ||||||||||||||||||||||
2014 |
0.20% | 295,856 | 39.616337 | 11,720,731 | 0.10% | -19.26% | ||||||||||||||||||||||
2014 |
0.25% | 239,662 | 39.338254 | 9,427,885 | 0.10% | -19.30% | ||||||||||||||||||||||
2013 |
0.00% | 248,878 | 41.861897 | 10,418,505 | 0.72% | 10.53% | ||||||||||||||||||||||
2013 |
0.10% | 175,802 | 57.947139 | 10,187,223 | 0.72% | 10.42% | ||||||||||||||||||||||
2013 |
0.20% | 262,074 | 49.069131 | 12,859,743 | 0.72% | 10.31% | ||||||||||||||||||||||
2013 |
0.25% | 191,138 | 48.749119 | 9,317,809 | 0.72% | 10.26% | ||||||||||||||||||||||
2012 |
0.00% | 252,881 | 37.872414 | 9,577,214 | 0.60% | 3.39% | ||||||||||||||||||||||
2012 |
0.10% | 250,656 | 52.477156 | 13,153,714 | 0.60% | 3.28% | ||||||||||||||||||||||
2012 |
0.20% | 277,367 | 44.481659 | 12,337,744 | 0.60% | 3.18% | ||||||||||||||||||||||
2012 |
0.25% | 175,480 | 44.213670 | 7,758,615 | 0.60% | 3.13% | ||||||||||||||||||||||
2011 |
0.00% | 273,569 | 36.631842 | 10,021,336 | 1.14% | -16.45% | ||||||||||||||||||||||
2011 |
0.10% | 374,493 | 50.809106 | 19,027,655 | 1.14% | -16.53% | ||||||||||||||||||||||
2011 |
0.20% | 260,697 | 43.110971 | 11,238,901 | 1.14% | -16.62% | ||||||||||||||||||||||
2011 |
0.25% | 188,442 | 42.872735 | 8,079,024 | 1.14% | -16.66% | ||||||||||||||||||||||
2010 |
0.00% | 273,628 | 43.844278 | 11,997,022 | 0.34% | 29.23% | ||||||||||||||||||||||
2010 |
0.10% | 373,992 | 60.873685 | 22,766,271 | 0.34% | 29.11% | ||||||||||||||||||||||
2010 |
0.20% | 277,177 | 51.702291 | 14,330,686 | 0.34% | 28.98% | ||||||||||||||||||||||
2010 |
0.25% | 184,024 | 51.442267 | 9,466,612 | 0.34% | 28.91% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Variable Insurance Fund - Balanced Portfolio (VVB) | ||||||||||||||||||||||||||
2014 |
0.20% | 388,098 | $ | 16.082364 | $ | 6,241,533 | 2.09% | 9.62% | ||||||||||||||||||
2014 |
0.25% | 54,717 | 16.026202 | 876,906 | 2.09% | 9.57% | ||||||||||||||||||||
2013 |
0.20% | 366,739 | 14.670654 | 5,380,301 | 2.15% | 19.64% | ||||||||||||||||||||
2013 |
0.25% | 51,859 | 14.626745 | 758,528 | 2.15% | 19.59% | ||||||||||||||||||||
2012 |
0.20% | 325,615 | 12.261822 | 3,992,633 | 2.42% | 12.34% | ||||||||||||||||||||
2012 |
0.25% | 46,252 | 12.231242 | 565,719 | 2.42% | 12.28% | ||||||||||||||||||||
2011 |
0.20% | 278,075 | 10.915265 | 3,035,262 | 2.26% | 3.49% | ||||||||||||||||||||
2011 |
0.25% | 40,591 | 10.893500 | 442,178 | 2.26% | 3.44% | ||||||||||||||||||||
2010 |
0.20% | 159,013 | 10.546985 | 1,677,108 | 2.90% | 10.79% | ||||||||||||||||||||
2010 |
0.25% | 22,808 | 10.531205 | 240,196 | 2.90% | 10.74% | ||||||||||||||||||||
Variable Insurance Fund - Diversified Value Portfolio (VVDV) | ||||||||||||||||||||||||||
2014 |
0.20% | 942,404 | 15.258791 | 14,379,946 | 2.20% | 9.61% | ||||||||||||||||||||
2014 |
0.25% | 132,866 | 15.205509 | 2,020,295 | 2.20% | 9.56% | ||||||||||||||||||||
2013 |
0.20% | 1,045,033 | 13.920807 | 14,547,703 | 2.14% | 29.14% | ||||||||||||||||||||
2013 |
0.25% | 147,775 | 13.879141 | 2,050,990 | 2.14% | 29.07% | ||||||||||||||||||||
2012 |
0.20% | 1,103,096 | 10.779851 | 11,891,211 | 0.80% | 16.27% | ||||||||||||||||||||
2012 |
0.25% | 156,691 | 10.752951 | 1,684,891 | 0.80% | 16.21% | ||||||||||||||||||||
2011 |
0.20% | 208,325 | 9.271686 | 1,931,524 | 1.77% | 3.71% | ||||||||||||||||||||
2011 |
0.25% | 30,410 | 9.253188 | 281,389 | 1.77% | 3.66% | ||||||||||||||||||||
2010 |
0.20% | 166,695 | 8.939847 | 1,490,228 | 2.69% | 9.11% | ||||||||||||||||||||
2010 |
0.25% | 23,910 | 8.926459 | 213,432 | 2.69% | 9.06% | ||||||||||||||||||||
Variable Insurance Fund - International Portfolio (VVI) | ||||||||||||||||||||||||||
2014 |
0.20% | 346,821 | 10.863639 | 3,767,738 | 1.47% | -6.24% | ||||||||||||||||||||
2014 |
0.25% | 48,897 | 10.825716 | 529,345 | 1.47% | -6.29% | ||||||||||||||||||||
2013 |
0.20% | 410,243 | 11.586961 | 4,753,470 | 1.38% | 23.01% | ||||||||||||||||||||
2013 |
0.25% | 58,011 | 11.552291 | 670,160 | 1.38% | 22.95% | ||||||||||||||||||||
2012 |
0.20% | 412,707 | 9.419580 | 3,887,527 | 2.10% | 19.90% | ||||||||||||||||||||
2012 |
0.25% | 58,623 | 9.396076 | 550,826 | 2.10% | 19.84% | ||||||||||||||||||||
2011 |
0.20% | 440,376 | 7.856392 | 3,459,766 | 1.43% | -13.71% | ||||||||||||||||||||
2011 |
0.25% | 64,283 | 7.840712 | 504,024 | 1.43% | -13.75% | ||||||||||||||||||||
2010 |
0.20% | 421,970 | 9.104558 | 3,841,850 | 1.67% | 15.49% | ||||||||||||||||||||
2010 |
0.25% | 60,536 | 9.090922 | 550,328 | 1.67% | 15.43% | ||||||||||||||||||||
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI) | ||||||||||||||||||||||||||
2014 |
0.20% | 809,589 | 17.817703 | 14,425,016 | 0.93% | 13.37% | ||||||||||||||||||||
2014 |
0.25% | 114,141 | 17.755513 | 2,026,632 | 0.93% | 13.31% | ||||||||||||||||||||
2013 |
0.20% | 889,050 | 15.716890 | 13,973,101 | 0.97% | 34.66% | ||||||||||||||||||||
2013 |
0.25% | 125,717 | 15.669871 | 1,969,969 | 0.97% | 34.59% | ||||||||||||||||||||
2012 |
0.20% | 702,845 | 11.671636 | 8,203,351 | 1.08% | 15.58% | ||||||||||||||||||||
2012 |
0.25% | 99,836 | 11.642534 | 1,162,344 | 1.08% | 15.53% | ||||||||||||||||||||
2011 |
0.20% | 638,998 | 10.097955 | 6,452,573 | 1.09% | -2.23% | ||||||||||||||||||||
2011 |
0.25% | 93,276 | 10.077827 | 940,019 | 1.09% | -2.28% | ||||||||||||||||||||
2010 |
0.20% | 763,575 | 10.328493 | 7,886,579 | 0.86% | 25.12% | ||||||||||||||||||||
2010 |
0.25% | 109,541 | 10.313041 | 1,129,701 | 0.86% | 25.06% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Variable Insurance Fund - REIT Index Portfolio (VVREI) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 486,210 | $ | 17.444189 | $ | 8,481,539 | 2.98% | 29.85% | ||||||||||||||||||||
2014 |
0.25% | 68,449 | 17.408681 | 1,191,607 | 2.98% | 29.78% | ||||||||||||||||||||||
2013 |
0.20% | 454,927 | 13.434239 | 6,111,598 | 1.23% | 2.13% | ||||||||||||||||||||||
2013 |
0.25% | 64,236 | 13.413578 | 861,635 | 1.23% | 2.08% | ||||||||||||||||||||||
2012 |
0.20% | 123,184 | 13.154393 | 1,620,411 | 2.07% | 17.22% | ||||||||||||||||||||||
2012 |
0.25% | 17,472 | 13.140722 | 229,595 | 2.07% | 17.17% | ||||||||||||||||||||||
2011 |
0.20% | 121,056 | 11.221552 | 1,358,436 | 2.09% | 8.22% | ||||||||||||||||||||||
2011 |
0.25% | 17,645 | 11.215498 | 197,897 | 2.09% | 8.17% | ||||||||||||||||||||||
2010 |
0.20% | 176,817 | 10.369043 | 1,833,423 | 0.00% | 3.69% | 12/1/2010 | |||||||||||||||||||||
2010 |
0.25% | 25,325 | 10.368617 | 262,585 | 0.00% | 3.69% | 12/1/2010 | |||||||||||||||||||||
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 356,524 | 12.438437 | 4,434,601 | 1.51% | 1.55% | ||||||||||||||||||||||
2014 |
0.25% | 50,265 | 12.395005 | 623,035 | 1.51% | 1.50% | ||||||||||||||||||||||
2013 |
0.20% | 336,921 | 12.248086 | 4,126,637 | 2.05% | 0.87% | ||||||||||||||||||||||
2013 |
0.25% | 47,643 | 12.211432 | 581,789 | 2.05% | 0.82% | ||||||||||||||||||||||
2012 |
0.20% | 430,019 | 12.142003 | 5,221,292 | 2.42% | 4.21% | ||||||||||||||||||||||
2012 |
0.25% | 61,083 | 12.111704 | 739,819 | 2.42% | 4.16% | ||||||||||||||||||||||
2011 |
0.20% | 340,653 | 11.651689 | 3,969,183 | 3.06% | 1.81% | ||||||||||||||||||||||
2011 |
0.25% | 49,726 | 11.628465 | 578,237 | 3.06% | 1.76% | ||||||||||||||||||||||
2010 |
0.20% | 271,236 | 11.444105 | 3,104,053 | 2.88% | 5.01% | ||||||||||||||||||||||
2010 |
0.25% | 38,912 | 11.426982 | 444,647 | 2.88% | 4.96% | ||||||||||||||||||||||
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 211,544 | 17.205378 | 3,639,694 | 0.29% | 3.17% | ||||||||||||||||||||||
2014 |
0.25% | 29,759 | 17.183180 | 511,354 | 0.29% | 3.12% | ||||||||||||||||||||||
2013 |
0.20% | 234,928 | 16.676124 | 3,917,688 | 0.00% | 46.25% | ||||||||||||||||||||||
2013 |
0.25% | 33,147 | 16.662933 | 552,326 | 0.00% | 46.18% | ||||||||||||||||||||||
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB) |
| |||||||||||||||||||||||||||
2014 |
0.20% | 1,223,324 | 11.445074 | 14,001,034 | 2.04% | 5.68% | ||||||||||||||||||||||
2014 |
0.25% | 172,221 | 11.421739 | 1,967,063 | 2.04% | 5.63% | ||||||||||||||||||||||
2013 |
0.20% | 660,792 | 10.829917 | 7,156,323 | 2.50% | -2.48% | ||||||||||||||||||||||
2013 |
0.25% | 93,304 | 10.813242 | 1,008,919 | 2.50% | -2.53% | ||||||||||||||||||||||
2012 |
0.20% | 576,440 | 11.105835 | 6,401,848 | 2.82% | 3.82% | ||||||||||||||||||||||
2012 |
0.25% | 81,762 | 11.094288 | 907,091 | 2.82% | 3.76% | ||||||||||||||||||||||
2011 |
0.20% | 505,956 | 10.697615 | 5,412,522 | 4.18% | 7.44% | ||||||||||||||||||||||
2011 |
0.25% | 73,748 | 10.691844 | 788,502 | 4.18% | 7.38% | ||||||||||||||||||||||
2010 |
0.20% | 719,981 | 9.957077 | 7,168,906 | 0.00% | -0.43% | 12/1/2010 | |||||||||||||||||||||
2010 |
0.25% | 103,135 | 9.956666 | 1,026,881 | 0.00% | -0.43% | 12/1/2010 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Variable Insurance Portfolios - Asset Strategy (WRASP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 805,694 | $ | 14.973058 | $ | 12,063,703 | 0.49% | -5.26% | ||||||||||||||||||||
2014 |
0.20% | 57,687 | 14.757217 | 851,300 | 0.49% | -5.45% | ||||||||||||||||||||||
2014 |
0.25% | 133,381 | 14.703724 | 1,961,197 | 0.49% | -5.50% | ||||||||||||||||||||||
2013 |
0.00% | 862,473 | 15.805085 | 13,631,459 | 1.28% | 25.13% | ||||||||||||||||||||||
2013 |
0.20% | 36,928 | 15.608472 | 576,390 | 1.28% | 24.88% | ||||||||||||||||||||||
2013 |
0.25% | 118,140 | 15.559672 | 1,838,220 | 1.28% | 24.82% | ||||||||||||||||||||||
2012 |
0.00% | 877,374 | 12.630803 | 11,081,938 | 1.12% | 19.18% | ||||||||||||||||||||||
2012 |
0.20% | 115,705 | 12.498640 | 1,446,155 | 1.12% | 18.94% | ||||||||||||||||||||||
2012 |
0.25% | 153,873 | 12.465791 | 1,918,149 | 1.12% | 18.88% | ||||||||||||||||||||||
2011 |
0.00% | 748,836 | 10.598470 | 7,936,516 | 1.05% | -7.21% | ||||||||||||||||||||||
2011 |
0.20% | 120,081 | 10.508616 | 1,261,885 | 1.05% | -7.39% | ||||||||||||||||||||||
2011 |
0.25% | 183,861 | 10.486248 | 1,928,012 | 1.05% | -7.44% | ||||||||||||||||||||||
2010 |
0.00% | 503,668 | 11.421435 | 5,752,611 | 1.09% | 8.67% | ||||||||||||||||||||||
2010 |
0.20% | 1,589 | 11.347238 | 18,031 | 1.09% | 8.46% | ||||||||||||||||||||||
2010 |
0.25% | 219,804 | 11.328745 | 2,490,103 | 1.09% | 8.40% | ||||||||||||||||||||||
Variable Insurance Portfolios - Growth (WRGP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 41,497 | 24.835180 | 1,030,585 | 0.46% | 11.81% | ||||||||||||||||||||||
2014 |
0.10% | 27,020 | 24.596290 | 664,592 | 0.46% | 11.70% | ||||||||||||||||||||||
2014 |
0.20% | 6,840 | 24.359713 | 166,620 | 0.46% | 11.59% | ||||||||||||||||||||||
2014 |
0.25% | 64,211 | 24.242285 | 1,556,621 | 0.46% | 11.53% | ||||||||||||||||||||||
2013 |
0.00% | 21,182 | 22.211723 | 470,489 | 0.38% | 36.46% | ||||||||||||||||||||||
2013 |
0.10% | 31,926 | 22.020070 | 703,013 | 0.38% | 36.32% | ||||||||||||||||||||||
2013 |
0.20% | 14,932 | 21.830088 | 325,967 | 0.38% | 36.19% | ||||||||||||||||||||||
2013 |
0.25% | 89,523 | 21.735728 | 1,945,848 | 0.38% | 36.12% | ||||||||||||||||||||||
2012 |
0.00% | 13,153 | 16.277308 | 214,095 | 0.06% | 12.74% | ||||||||||||||||||||||
2012 |
0.10% | 42,493 | 16.152997 | 686,389 | 0.06% | 12.63% | ||||||||||||||||||||||
2012 |
0.20% | 13,236 | 16.029638 | 212,168 | 0.06% | 12.52% | ||||||||||||||||||||||
2012 |
0.25% | 60,799 | 15.968332 | 970,859 | 0.06% | 12.46% | ||||||||||||||||||||||
2011 |
0.00% | 14,516 | 14.437370 | 209,573 | 0.43% | 2.12% | ||||||||||||||||||||||
2011 |
0.10% | 70,006 | 14.341473 | 1,003,989 | 0.43% | 2.02% | ||||||||||||||||||||||
2011 |
0.20% | 13,379 | 14.246224 | 190,600 | 0.43% | 1.92% | ||||||||||||||||||||||
2011 |
0.25% | 53,067 | 14.198847 | 753,490 | 0.43% | 1.87% | ||||||||||||||||||||||
2010 |
0.00% | 10,396 | 14.137204 | 146,970 | 0.58% | 12.58% | ||||||||||||||||||||||
2010 |
0.10% | 48,419 | 14.057322 | 680,641 | 0.58% | 12.47% | ||||||||||||||||||||||
2010 |
0.20% | 2,258 | 13.977904 | 31,562 | 0.58% | 12.36% | ||||||||||||||||||||||
2010 |
0.25% | 43,733 | 13.938364 | 609,566 | 0.58% | 12.30% | ||||||||||||||||||||||
Variable Insurance Portfolios - High Income (WRHIP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 291,172 | 12.284930 | 3,577,028 | 5.21% | 1.90% | ||||||||||||||||||||||
2014 |
0.10% | 1,805,061 | 12.252220 | 22,116,004 | 5.21% | 1.80% | ||||||||||||||||||||||
2014 |
0.20% | 275,142 | 12.219612 | 3,362,128 | 5.21% | 1.70% | ||||||||||||||||||||||
2014 |
0.25% | 1,210,071 | 12.203324 | 14,766,888 | 5.21% | 1.65% | ||||||||||||||||||||||
2013 |
0.00% | 208,250 | 12.055335 | 2,510,524 | 4.84% | 10.50% | ||||||||||||||||||||||
2013 |
0.20% | 1,020,247 | 12.015237 | 12,258,510 | 4.84% | 10.28% | ||||||||||||||||||||||
2013 |
0.25% | 653,899 | 12.005230 | 7,850,208 | 4.84% | 10.22% | ||||||||||||||||||||||
2012 |
0.00% | 101,745 | 10.909915 | 1,110,029 | 0.10% | 9.10% | 5/1/2012 | |||||||||||||||||||||
2012 |
0.20% | 903,765 | 10.895380 | 9,846,863 | 0.10% | 8.95% | 5/1/2012 | |||||||||||||||||||||
2012 |
0.25% | 186,961 | 10.891747 | 2,036,332 | 0.10% | 8.92% | 5/1/2012 |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Variable Insurance Portfolios - Mid Cap Growth (WRMCG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 47,467 | $ | 14.235241 | $ | 675,704 | 0.00% | 7.87% | ||||||||||||||||||||
2014 |
0.20% | 25,489 | 14.159561 | 360,913 | 0.00% | 7.65% | ||||||||||||||||||||||
2014 |
0.25% | 270,542 | 14.140712 | 3,825,657 | 0.00% | 7.60% | ||||||||||||||||||||||
2013 |
0.00% | 46,256 | 13.196715 | 610,427 | 0.00% | 29.94% | ||||||||||||||||||||||
2013 |
0.20% | 14,260 | 13.152836 | 187,559 | 0.00% | 29.68% | ||||||||||||||||||||||
2013 |
0.25% | 82,059 | 13.141897 | 1,078,411 | 0.00% | 29.61% | ||||||||||||||||||||||
2012 |
0.00% | 20,326 | 10.156251 | 206,436 | 0.00% | 1.56% | 5/1/2012 | |||||||||||||||||||||
2012 |
0.20% | 396 | 10.142723 | 4,017 | 0.00% | 1.43% | 5/1/2012 | |||||||||||||||||||||
2012 |
0.25% | 33,681 | 10.139350 | 341,503 | 0.00% | 1.39% | 5/1/2012 | |||||||||||||||||||||
Variable Insurance Portfolios - Real Estate Securities (WRRESP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 250,067 | 20.775146 | 5,195,178 | 0.90% | 30.17% | ||||||||||||||||||||||
2014 |
0.10% | 51,354 | 20.575277 | 1,056,623 | 0.90% | 30.04% | ||||||||||||||||||||||
2014 |
0.20% | 19,205 | 20.377337 | 391,347 | 0.90% | 29.91% | ||||||||||||||||||||||
2014 |
0.25% | 66,974 | 20.279051 | 1,358,169 | 0.90% | 29.84% | ||||||||||||||||||||||
2013 |
0.00% | 162,898 | 15.960563 | 2,599,944 | 1.00% | 1.13% | ||||||||||||||||||||||
2013 |
0.10% | 30,515 | 15.822817 | 482,833 | 1.00% | 1.03% | ||||||||||||||||||||||
2013 |
0.20% | 23,209 | 15.686256 | 364,062 | 1.00% | 0.93% | ||||||||||||||||||||||
2013 |
0.25% | 46,882 | 15.618390 | 732,221 | 1.00% | 0.88% | ||||||||||||||||||||||
2012 |
0.00% | 63,739 | 15.782147 | 1,005,938 | 0.74% | 17.72% | ||||||||||||||||||||||
2012 |
0.10% | 48,019 | 15.661595 | 752,054 | 0.74% | 17.60% | ||||||||||||||||||||||
2012 |
0.20% | 18,541 | 15.541962 | 288,164 | 0.74% | 17.48% | ||||||||||||||||||||||
2012 |
0.25% | 36,559 | 15.482465 | 566,023 | 0.74% | 17.42% | ||||||||||||||||||||||
2011 |
0.00% | 57,695 | 13.406856 | 773,509 | 0.77% | 5.01% | ||||||||||||||||||||||
2011 |
0.10% | 63,865 | 13.317784 | 850,540 | 0.77% | 4.90% | ||||||||||||||||||||||
2011 |
0.20% | 7,016 | 13.229310 | 92,817 | 0.77% | 4.80% | ||||||||||||||||||||||
2011 |
0.25% | 77,067 | 13.185267 | 1,016,149 | 0.77% | 4.75% | ||||||||||||||||||||||
2010 |
0.00% | 26,415 | 12.767438 | 337,252 | 2.03% | 28.51% | ||||||||||||||||||||||
2010 |
0.10% | 27,301 | 12.695262 | 346,593 | 2.03% | 28.38% | ||||||||||||||||||||||
2010 |
0.20% | 4,295 | 12.623516 | 54,218 | 2.03% | 28.25% | ||||||||||||||||||||||
2010 |
0.25% | 62,625 | 12.587772 | 788,309 | 2.03% | 28.19% | ||||||||||||||||||||||
Variable Insurance Portfolios - Science and Technology (WRSTP) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 293,061 | 21.190944 | 6,210,239 | 0.00% | 2.91% | ||||||||||||||||||||||
2014 |
0.20% | 304,854 | 20.885416 | 6,367,003 | 0.00% | 2.71% | ||||||||||||||||||||||
2014 |
0.25% | 213,742 | 20.809776 | 4,447,923 | 0.00% | 2.65% | ||||||||||||||||||||||
2013 |
0.00% | 254,379 | 20.591565 | 5,238,062 | 0.00% | 56.38% | ||||||||||||||||||||||
2013 |
0.20% | 314,874 | 20.335318 | 6,403,063 | 0.00% | 56.07% | ||||||||||||||||||||||
2013 |
0.25% | 230,840 | 20.271805 | 4,679,543 | 0.00% | 55.99% | ||||||||||||||||||||||
2012 |
0.00% | 98,424 | 13.167237 | 1,295,972 | 0.00% | 27.83% | ||||||||||||||||||||||
2012 |
0.20% | 119,331 | 13.029378 | 1,554,809 | 0.00% | 27.57% | ||||||||||||||||||||||
2012 |
0.25% | 151,147 | 12.995166 | 1,964,180 | 0.00% | 27.51% | ||||||||||||||||||||||
2011 |
0.00% | 36,947 | 10.300580 | 380,576 | 0.00% | -5.77% | ||||||||||||||||||||||
2011 |
0.20% | 76,080 | 10.213184 | 777,019 | 0.00% | -5.96% | ||||||||||||||||||||||
2011 |
0.25% | 124,700 | 10.191472 | 1,270,877 | 0.00% | -6.00% | ||||||||||||||||||||||
2010 |
0.00% | 7,021 | 10.930985 | 76,746 | 0.00% | 12.75% | ||||||||||||||||||||||
2010 |
0.20% | 132 | 10.859919 | 1,434 | 0.00% | 12.53% | ||||||||||||||||||||||
2010 |
0.25% | 117,513 | 10.842237 | 1,274,104 | 0.00% | 12.47% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Advantage VT Discovery Fund (SVDF) | ||||||||||||||||||||||||||
2014 |
0.00% | 380,793 | $ | 17.763449 | $ | 6,764,197 | 0.00% | 0.36% | ||||||||||||||||||
2014 |
0.20% | 249,813 | 17.507387 | 4,373,573 | 0.00% | 0.15% | ||||||||||||||||||||
2014 |
0.25% | 236,671 | 17.443877 | 4,128,460 | 0.00% | 0.10% | ||||||||||||||||||||
2013 |
0.00% | 359,392 | 17.700580 | 6,361,447 | 0.01% | 43.80% | ||||||||||||||||||||
2013 |
0.20% | 230,118 | 17.480362 | 4,022,546 | 0.01% | 43.51% | ||||||||||||||||||||
2013 |
0.25% | 261,339 | 17.425668 | 4,554,007 | 0.01% | 43.44% | ||||||||||||||||||||
2012 |
0.00% | 334,846 | 12.309177 | 4,121,679 | 0.00% | 17.74% | ||||||||||||||||||||
2012 |
0.10% | 27,690 | 12.244588 | 339,053 | 0.00% | 17.62% | ||||||||||||||||||||
2012 |
0.20% | 227,629 | 12.180346 | 2,772,600 | 0.00% | 17.50% | ||||||||||||||||||||
2012 |
0.25% | 192,441 | 12.148301 | 2,337,831 | 0.00% | 17.44% | ||||||||||||||||||||
2011 |
0.00% | 287,967 | 10.454971 | 3,010,687 | 0.00% | 0.42% | ||||||||||||||||||||
2011 |
0.10% | 29,156 | 10.410540 | 303,530 | 0.00% | 0.32% | ||||||||||||||||||||
2011 |
0.20% | 755 | 10.366304 | 7,827 | 0.00% | 0.22% | ||||||||||||||||||||
2011 |
0.25% | 184,638 | 10.344211 | 1,909,934 | 0.00% | 0.17% | ||||||||||||||||||||
2010 |
0.00% | 229,478 | 10.410941 | 2,389,082 | 0.00% | 35.54% | ||||||||||||||||||||
2010 |
0.10% | 31,322 | 10.377053 | 325,030 | 0.00% | 35.41% | ||||||||||||||||||||
2010 |
0.20% | 346 | 10.343273 | 3,579 | 0.00% | 35.27% | ||||||||||||||||||||
2010 |
0.25% | 147,998 | 10.326390 | 1,528,285 | 0.00% | 35.20% | ||||||||||||||||||||
Advantage VT Opportunity Fund - Class 2 (SVOF) | ||||||||||||||||||||||||||
2014 |
0.00% | 4 | 25.104647 | 100 | 0.06% | 10.42% | ||||||||||||||||||||
2014 |
0.10% | 47,231 | 24.739029 | 1,168,449 | 0.06% | 10.31% | ||||||||||||||||||||
2014 |
0.20% | 57,554 | 24.378781 | 1,403,096 | 0.06% | 10.20% | ||||||||||||||||||||
2014 |
0.25% | 274,905 | 24.200566 | 6,652,857 | 0.06% | 10.15% | ||||||||||||||||||||
2013 |
0.00% | 4 | 22.734800 | 91 | 0.20% | 30.68% | ||||||||||||||||||||
2013 |
0.10% | 54,407 | 22.426118 | 1,220,138 | 0.20% | 30.55% | ||||||||||||||||||||
2013 |
0.20% | 90,447 | 22.121661 | 2,000,838 | 0.20% | 30.42% | ||||||||||||||||||||
2013 |
0.25% | 306,255 | 21.970927 | 6,728,706 | 0.20% | 30.35% | ||||||||||||||||||||
2012 |
0.00% | 4 | 17.397601 | 70 | 0.09% | 15.52% | ||||||||||||||||||||
2012 |
0.10% | 98,225 | 17.178537 | 1,687,362 | 0.09% | 15.41% | ||||||||||||||||||||
2012 |
0.20% | 110,208 | 16.962265 | 1,869,377 | 0.09% | 15.29% | ||||||||||||||||||||
2012 |
0.25% | 274,874 | 16.855104 | 4,633,030 | 0.09% | 15.23% | ||||||||||||||||||||
2011 |
0.00% | 4 | 15.059998 | 60 | 0.16% | -5.52% | ||||||||||||||||||||
2011 |
0.10% | 132,129 | 14.885276 | 1,966,777 | 0.16% | -5.61% | ||||||||||||||||||||
2011 |
0.20% | 106,635 | 14.712613 | 1,568,879 | 0.16% | -5.71% | ||||||||||||||||||||
2011 |
0.25% | 312,720 | 14.626997 | 4,574,155 | 0.16% | -5.75% | ||||||||||||||||||||
2010 |
0.00% | 4 | 15.939710 | 64 | 0.78% | 23.76% | ||||||||||||||||||||
2010 |
0.10% | 145,576 | 15.770532 | 2,295,811 | 0.78% | 23.63% | ||||||||||||||||||||
2010 |
0.20% | 144,720 | 15.603173 | 2,258,091 | 0.78% | 23.51% | ||||||||||||||||||||
2010 |
0.25% | 279,659 | 15.520123 | 4,340,342 | 0.78% | 23.45% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** |
||||||||||||||||||||||
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG) |
| |||||||||||||||||||||||||||
2014 |
0.00% | 133,868 | $ | 16.547252 | $ | 2,215,148 | 0.00% | -1.88% | ||||||||||||||||||||
2014 |
0.20% | 72,398 | 16.308648 | 1,180,713 | 0.00% | -2.07% | ||||||||||||||||||||||
2014 |
0.25% | 183,519 | 16.249523 | 2,982,096 | 0.00% | -2.12% | ||||||||||||||||||||||
2013 |
0.00% | 183,245 | 16.863800 | 3,090,207 | 0.00% | 50.23% | ||||||||||||||||||||||
2013 |
0.20% | 49,514 | 16.653921 | 824,602 | 0.00% | 49.93% | ||||||||||||||||||||||
2013 |
0.25% | 198,445 | 16.601843 | 3,294,553 | 0.00% | 49.85% | ||||||||||||||||||||||
2012 |
0.00% | 182,930 | 11.225415 | 2,053,465 | 0.00% | 7.87% | ||||||||||||||||||||||
2012 |
0.20% | 246,982 | 11.107878 | 2,743,446 | 0.00% | 7.66% | ||||||||||||||||||||||
2012 |
0.25% | 282,624 | 11.078669 | 3,131,098 | 0.00% | 7.60% | ||||||||||||||||||||||
2011 |
0.00% | 220,980 | 10.406273 | 2,299,578 | 0.00% | -4.60% | ||||||||||||||||||||||
2011 |
0.20% | 240,548 | 10.317983 | 2,481,970 | 0.00% | -4.79% | ||||||||||||||||||||||
2011 |
0.25% | 506,120 | 10.296017 | 5,211,020 | 0.00% | -4.83% | ||||||||||||||||||||||
2010 |
0.00% | 207,689 | 10.907631 | 2,265,395 | 0.00% | 26.77% | ||||||||||||||||||||||
2010 |
0.20% | 8,178 | 10.836693 | 88,622 | 0.00% | 26.52% | ||||||||||||||||||||||
2010 |
0.25% | 412,207 | 10.819018 | 4,459,675 | 0.00% | 26.46% | ||||||||||||||||||||||
Global Securities Fund/VA - Class 3 (obsolete) (OVGS3) |
| |||||||||||||||||||||||||||
2013 |
0.00% | 967,069 | 20.707226 | 20,025,316 | 1.37% | 27.34% | ||||||||||||||||||||||
2012 |
0.00% | 957,445 | 16.261792 | 15,569,771 | 2.16% | 21.23% | ||||||||||||||||||||||
2011 |
0.00% | 1,097,060 | 13.414448 | 14,716,454 | 1.25% | -8.27% | ||||||||||||||||||||||
2010 |
0.00% | 1,191,196 | 14.623513 | 17,419,470 | 1.42% | 15.97% | ||||||||||||||||||||||
Janus Aspen Series - Global Technology Portfolio - Service II Shares (obsolete) (JAGTS2) |
| |||||||||||||||||||||||||||
2011 |
0.00% | 189,756 | 10.352942 | 1,964,533 | 0.00% | -8.81% | ||||||||||||||||||||||
2010 |
0.00% | 151,587 | 11.352948 | 1,720,959 | 0.00% | 13.53% | 5/3/2010 | |||||||||||||||||||||
2011 |
0.00% | 1,571,373 | 10.783470 | 16,944,854 | 0.38% | -32.33% | ||||||||||||||||||||||
2010 |
0.00% | 1,903,372 | 15.936367 | 30,332,835 | 0.54% | 25.03% | ||||||||||||||||||||||
2009 |
0.00% | 1,868,731 | 12.746144 | 23,819,114 | 0.43% | 79.07% | ||||||||||||||||||||||
Templeton Developing Markets Securities Fund - Class 3 (obsolete) (FTVDM3) |
| |||||||||||||||||||||||||||
2013 |
0.00% | 201,488 | 19.119582 | 3,852,366 | 2.07% | -0.97% | ||||||||||||||||||||||
2012 |
0.00% | 218,972 | 19.307248 | 4,227,747 | 1.42% | 13.16% | ||||||||||||||||||||||
2011 |
0.00% | 262,679 | 17.062376 | 4,481,928 | 0.97% | -15.86% | ||||||||||||||||||||||
2010 |
0.00% | 278,260 | 20.278309 | 5,642,642 | 1.64% | 17.51% | ||||||||||||||||||||||
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3) |
| |||||||||||||||||||||||||||
2013 |
0.00% | 395,070 | 18.236527 | 7,204,705 | 2.46% | 22.98% | ||||||||||||||||||||||
2012 |
0.00% | 366,253 | 14.829007 | 5,431,168 | 2.90% | 18.30% | ||||||||||||||||||||||
2011 |
0.00% | 406,154 | 12.534749 | 5,091,038 | 1.77% | -10.68% | ||||||||||||||||||||||
2010 |
0.00% | 389,994 | 14.033220 | 5,472,872 | 1.62% | 8.41% | ||||||||||||||||||||||
Templeton Global Bond Securities Fund - Class 3 (obsolete) (FTVGI3) |
| |||||||||||||||||||||||||||
2013 |
0.00% | 535,931 | 20.700503 | 11,094,041 | 4.83% | 1.64% | ||||||||||||||||||||||
2012 |
0.00% | 606,188 | 20.367363 | 12,346,451 | 6.28% | 15.06% | ||||||||||||||||||||||
2011 |
0.00% | 614,756 | 17.701343 | 10,882,007 | 5.34% | -0.83% | ||||||||||||||||||||||
2010 |
0.00% | 535,857 | 17.849519 | 9,564,790 | 1.48% | 14.38% | ||||||||||||||||||||||
Calvert VP SRI Equity Portfolio (obsolete) (CVSSE) |
| |||||||||||||||||||||||||||
2013 |
0.10% | 4,808 | 25.555197 | 122,869 | 0.08% | 30.92% | ||||||||||||||||||||||
2013 |
0.25% | 6,575 | 25.124785 | 165,195 | 0.08% | 30.72% | ||||||||||||||||||||||
2012 |
0.10% | 4,043 | 19.519575 | 78,918 | 0.09% | 15.83% | ||||||||||||||||||||||
2012 |
0.25% | 8,723 | 19.219603 | 167,653 | 0.09% | 15.66% | ||||||||||||||||||||||
2011 |
0.10% | 10,885 | 16.851290 | 183,426 | 0.00% | -1.44% | ||||||||||||||||||||||
2011 |
0.25% | 7,722 | 16.617281 | 128,319 | 0.00% | -1.59% | ||||||||||||||||||||||
2010 |
0.10% | 9,539 | 17.097854 | 163,096 | 0.06% | 17.15% | ||||||||||||||||||||||
2010 |
0.25% | 5,826 | 16.885673 | 98,376 | 0.06% | 16.97% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
Federated NVIT High Income Bond Fund - Class III (obsolete) (HIBF3) | ||||||||||||||||||||||||||
2013 |
0.00% | 588,722 | $ | 18.202636 | $ | 10,716,292 | 6.72% | 6.94% | ||||||||||||||||||
2012 |
0.00% | 644,890 | 17.021800 | 10,977,189 | 8.23% | 14.71% | ||||||||||||||||||||
2011 |
0.00% | 746,693 | 14.839228 | 11,080,348 | 7.79% | 3.81% | ||||||||||||||||||||
2010 |
0.00% | 838,621 | 14.295077 | 11,988,152 | 8.54% | 13.16% | ||||||||||||||||||||
NVIT Emerging Markets Fund - Class III (obsolete) (GEM3) | ||||||||||||||||||||||||||
2013 |
0.00% | 452,954 | 19.481483 | 8,824,216 | 1.14% | 0.75% | ||||||||||||||||||||
2012 |
0.00% | 488,948 | 19.336082 | 9,454,339 | 0.40% | 17.24% | ||||||||||||||||||||
2011 |
0.00% | 746,323 | 16.493303 | 12,309,331 | 0.71% | -22.39% | ||||||||||||||||||||
2010 |
0.00% | 794,544 | 21.252025 | 16,885,669 | 0.07% | 16.21% | ||||||||||||||||||||
NVIT International Equity Fund - Class III (obsolete) (GIG3) | ||||||||||||||||||||||||||
2013 |
0.00% | 430,241 | 9.956257 | 4,283,590 | 0.51% | 17.81% | ||||||||||||||||||||
2012 |
0.00% | 425,415 | 8.450909 | 3,595,143 | 0.79% | 15.58% | ||||||||||||||||||||
2011 |
0.00% | 519,645 | 7.311920 | 3,799,603 | 1.34% | -9.76% | ||||||||||||||||||||
2010 |
0.00% | 484,564 | 8.103077 | 3,926,459 | 1.02% | 13.27% | ||||||||||||||||||||
V.I. Capital Appreciation Fund - Series I (obsolete) (AVCA) | ||||||||||||||||||||||||||
2011 |
0.00% | 63,786 | 12.681863 | 808,925 | 0.16% | -7.91% | ||||||||||||||||||||
2010 |
0.00% | 69,399 | 13.771185 | 955,706 | 0.73% | 15.49% | ||||||||||||||||||||
V.I. Capital Development Fund - Series I (obsolete) (AVCDI) | ||||||||||||||||||||||||||
2011 |
0.00% | 128,974 | 18.079131 | 2,331,738 | 0.00% | -7.16% | ||||||||||||||||||||
2011 |
0.10% | 16,279 | 17.911321 | 291,578 | 0.00% | -7.25% | ||||||||||||||||||||
2011 |
0.20% | 6,516 | 17.745096 | 115,627 | 0.00% | -7.34% | ||||||||||||||||||||
2011 |
0.25% | 63,941 | 17.662531 | 1,129,360 | 0.00% | -7.39% | ||||||||||||||||||||
2010 |
0.00% | 137,618 | 19.473180 | 2,679,860 | 0.00% | 18.78% | ||||||||||||||||||||
2010 |
0.10% | 17,428 | 19.311717 | 336,565 | 0.00% | 18.66% | ||||||||||||||||||||
2010 |
0.20% | 74,958 | 19.151595 | 1,435,565 | 0.00% | 18.54% | ||||||||||||||||||||
2010 |
0.25% | 259,349 | 19.072022 | 4,946,310 | 0.00% | 18.48% | ||||||||||||||||||||
NVIT International Index Fund - Class VI (obsolete) (GVIX6) | ||||||||||||||||||||||||||
2013 |
0.00% | 145,428 | 11.841416 | 1,722,073 | 3.07% | 21.27% | ||||||||||||||||||||
2012 |
0.00% | 101,703 | 9.764428 | 993,072 | 2.68% | 18.29% | ||||||||||||||||||||
2011 |
0.00% | 94,205 | 8.254444 | 777,610 | 2.74% | -12.72% | ||||||||||||||||||||
2010 |
0.00% | 71,480 | 9.456969 | 675,984 | 2.11% | 7.54% | ||||||||||||||||||||
NVIT Multi-Manager International Growth Fund - Class III (obsolete) (NVMIG3) | ||||||||||||||||||||||||||
2013 |
0.00% | 1,431,105 | 12.166606 | 17,411,691 | 1.26% | 21.34% | ||||||||||||||||||||
2012 |
0.00% | 1,574,138 | 10.026765 | 15,783,512 | 0.59% | 15.78% | ||||||||||||||||||||
2011 |
0.00% | 1,756,758 | 8.660251 | 15,213,965 | 1.29% | -9.37% | ||||||||||||||||||||
2010 |
0.00% | 1,926,194 | 9.555175 | 18,405,121 | 0.78% | 14.04% | ||||||||||||||||||||
NVIT Multi-Manager International Value Fund - Class III (obsolete) (GVDIV3) | ||||||||||||||||||||||||||
2013 |
0.00% | 437,468 | 12.775201 | 5,588,742 | 2.28% | 21.42% | ||||||||||||||||||||
2012 |
0.00% | 465,460 | 10.521355 | 4,897,270 | 0.39% | 17.24% | ||||||||||||||||||||
2011 |
0.00% | 503,863 | 8.974574 | 4,521,956 | 1.89% | -16.11% | ||||||||||||||||||||
2010 |
0.00% | 512,098 | 10.698362 | 5,478,610 | 2.30% | 6.11% | ||||||||||||||||||||
AllianceBernstein NVIT Global Fixed Income Fund - Class III (obsolete) (NVAGF3) | ||||||||||||||||||||||||||
2010 |
0.00% | 31,818 | 12.359941 | 393,269 | 5.84% | 8.24% | ||||||||||||||||||||
Credit Suisse Trust - International Equity Flex III Portfolio (obsolete) (CSIEF3) | ||||||||||||||||||||||||||
2010 |
0.00% | 27,195 | 11.345188 | 308,532 | 0.11% | 12.23% | ||||||||||||||||||||
2010 |
0.10% | 59,479 | 11.333247 | 674,090 | 0.11% | 12.12% | ||||||||||||||||||||
2010 |
0.25% | 2,673 | 11.315359 | 30,246 | 0.11% | 11.95% | ||||||||||||||||||||
Gartmore NVIT Global Utilities Fund - Class I (obsolete) (GVGU1) | ||||||||||||||||||||||||||
2010 |
0.00% | 195,615 | 17.098317 | 3,344,687 | 1.02% | 11.46% | ||||||||||||||||||||
2010 |
0.10% | 45,228 | 13.742313 | 621,537 | 1.02% | 11.35% | ||||||||||||||||||||
2010 |
0.20% | 2,064 | 13.468298 | 27,799 | 1.02% | 11.24% | ||||||||||||||||||||
2010 |
0.25% | 14,874 | 13.400531 | 199,319 | 1.02% | 11.18% |
(Continued)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS December 31, 2014
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** |
Inception Date**** | ||||||||||||||||||||
NVIT Worldwide Leaders Fund - Class III (obsolete) (GEF3) | ||||||||||||||||||||||||||
2010 |
0.00% | 264 | $ | 14.935320 | $ | 3,943 | 0.79% | 11.36% | ||||||||||||||||||
2011 |
0.00% | 477,390 | 2.908819 | 1,388,641 | 8.67% | -1.88% | ||||||||||||||||||||
2010 |
0.00% | 458,373 | 2.964546 | 1,358,868 | 5.86% | 14.68% | ||||||||||||||||||||
2011 |
0.00% | 68,934 | 4.084054 | 281,530 | 9.52% | -2.34% | ||||||||||||||||||||
2010 |
0.00% | 90,495 | 4.181802 | 378,432 | 6.48% | 14.81% | ||||||||||||||||||||
U.S. Equity Flex I Portfolio (obsolete) (WSCP) | ||||||||||||||||||||||||||
2010 |
0.00% | 91,046 | 12.448619 | 1,133,397 | 0.26% | 14.46% | ||||||||||||||||||||
Variable Series II - Strategic Value VIP - Class B (obsolete) (SVSHEB) | ||||||||||||||||||||||||||
2010 |
0.20% | 8,894 | 8.241888 | 73,303 | 1.79% | 11.91% | ||||||||||||||||||||
2010 |
0.25% | 15,449 | 8.222631 | 127,031 | 1.79% | 11.85% | ||||||||||||||||||||
VP Vista(SM) Fund - Class I (obsolete) (ACVVS1) | ||||||||||||||||||||||||||
2013 |
0.00% | 9,168 | 18.872253 | 173,021 | 0.00% | 30.17% | ||||||||||||||||||||
2013 |
0.10% | 17,900 | 18.709418 | 334,899 | 0.00% | 30.04% | ||||||||||||||||||||
2013 |
0.20% | 34,709 | 18.547977 | 643,782 | 0.00% | 29.91% | ||||||||||||||||||||
2013 |
0.25% | 28,802 | 18.467741 | 531,908 | 0.00% | 29.85% | ||||||||||||||||||||
2012 |
0.00% | 4,093 | 14.497885 | 59,340 | 0.00% | 15.61% | ||||||||||||||||||||
2012 |
0.10% | 51,805 | 14.387170 | 745,327 | 0.00% | 15.50% | ||||||||||||||||||||
2012 |
0.20% | 34,171 | 14.277287 | 487,869 | 0.00% | 15.38% | ||||||||||||||||||||
2012 |
0.25% | 34,599 | 14.222632 | 492,089 | 0.00% | 15.33% | ||||||||||||||||||||
2011 |
0.00% | 6,581 | 12.539840 | 82,525 | 0.00% | -7.89% | ||||||||||||||||||||
2011 |
0.10% | 57,688 | 12.456554 | 718,594 | 0.00% | -7.99% | ||||||||||||||||||||
2011 |
0.20% | 9,490 | 12.373806 | 117,427 | 0.00% | -8.08% | ||||||||||||||||||||
2011 |
0.25% | 68,644 | 12.332624 | 846,561 | 0.00% | -8.12% | ||||||||||||||||||||
2010 |
0.00% | 4,745 | 13.614679 | 64,602 | 0.00% | 23.88% | ||||||||||||||||||||
2010 |
0.10% | 58,821 | 13.537768 | 796,305 | 0.00% | 23.76% | ||||||||||||||||||||
2010 |
0.20% | 8,529 | 13.461279 | 114,811 | 0.00% | 23.63% | ||||||||||||||||||||
2010 |
0.25% | 65,819 | 13.423172 | 883,500 | 0.00% | 23.57% | ||||||||||||||||||||
Mid Cap Growth Portfolio - Class 1 (obsolete) (OGGO) | ||||||||||||||||||||||||||
2013 |
0.10% | 36,544 | 32.667268 | 1,193,793 | 0.06% | 43.16% | ||||||||||||||||||||
2013 |
0.25% | 88,495 | 32.118996 | 2,842,371 | 0.06% | 42.94% | ||||||||||||||||||||
2012 |
0.10% | 37,959 | 22.818900 | 866,183 | 0.00% | 15.99% | ||||||||||||||||||||
2012 |
0.25% | 101,455 | 22.469562 | 2,279,649 | 0.00% | 15.82% | ||||||||||||||||||||
2011 |
0.10% | 43,643 | 19.672645 | 858,573 | 0.00% | -6.24% | ||||||||||||||||||||
2011 |
0.25% | 117,879 | 19.400621 | 2,286,926 | 0.00% | -6.38% | ||||||||||||||||||||
2010 |
0.10% | 44,475 | 20.982776 | 933,209 | 0.00% | 25.51% | ||||||||||||||||||||
2010 |
0.25% | 145,637 | 20.723653 | 3,018,131 | 0.00% | 25.32% | ||||||||||||||||||||
2014 |
Contract owners equity: | $ | 4,739,882,176 | |||||||||||||||||||||||
2013 |
Contract owners equity: | $ | 4,637,188,888 | |||||||||||||||||||||||
2012 |
Contract owners equity: | $ | 4,083,042,311 | |||||||||||||||||||||||
2011 |
Contract owners equity: | $ | 3,792,718,355 | |||||||||||||||||||||||
2010 |
Contract owners equity: | $ | 4,097,345,784 |
* | This represents the annual contract expense rate of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units. |
** | This represents the ratio of dividends for the period indicated, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by monthly average net assets (excluding months where net assets are zero). The investment income ratio for subaccounts initially funded during the period presented has not been annualized. The ratios exclude those expenses that result in direct reductions to the contract owner accounts through reductions in unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest. |
*** | This represents the total return for the period. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option is initially offered, funded, or both during the period presented. |
**** | This represents the date the underlying mutual fund option was initially added and funded. |
![]() |
KPMG LLP | |
Suite 500 191 West Nationwide Blvd. Columbus, OH 43215-2568 |
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholder
Nationwide Life Insurance Company:
We have audited the accompanying consolidated balance sheets of Nationwide Life Insurance Company and subsidiaries (the Company) as of December 31, 2014 and 2013, and the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the years in the three-year period ended December 31, 2014. In connection with our audits of the consolidated financial statements, we also have audited the financial statement schedules as listed in the accompanying table of contents. These consolidated financial statements and financial statement schedules are the responsibility of the Companys management. Our responsibility is to express an opinion on these consolidated financial statements and financial statement schedules based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Nationwide Life Insurance Company and subsidiaries as of December 31, 2014 and 2013, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2014, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the related financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.
/s/ KPMG LLP
Columbus, Ohio
February 25, 2015
KPMG LLP is a Delaware limited liability partnership, the U.S.
member firm of KPMG International Cooperative (KPMG
International), a Swiss entity.
1
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Operations
Year ended December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Revenues |
||||||||||||
Policy charges |
$ | 2,065 | $ | 1,849 | $ | 1,670 | ||||||
Premiums |
831 | 724 | 635 | |||||||||
Net investment income |
1,900 | 1,849 | 1,825 | |||||||||
Net realized investment (losses) gains, including other-than-temporary impairment losses |
(1,078 | ) | 678 | 319 | ||||||||
Other revenues |
11 | 17 | 7 | |||||||||
|
|
|
|
|
|
|||||||
Total revenues |
$ | 3,729 | $ | 5,117 | $ | 4,456 | ||||||
|
|
|
|
|
|
|||||||
Benefits and expenses |
||||||||||||
Interest credited to policyholder account values |
$ | 1,096 | $ | 1,067 | $ | 1,038 | ||||||
Benefits and claims |
1,502 | 1,354 | 1,227 | |||||||||
Amortization of deferred policy acquisition costs |
207 | 374 | 575 | |||||||||
Other expenses, net of deferrals |
1,055 | 981 | 917 | |||||||||
|
|
|
|
|
|
|||||||
Total benefits and expenses |
$ | 3,860 | $ | 3,776 | $ | 3,757 | ||||||
|
|
|
|
|
|
|||||||
(Loss) income before federal income taxes and noncontrolling interests |
$ | (131 | ) | $ | 1,341 | $ | 699 | |||||
Federal income tax (benefit) expense |
(147 | ) | 313 | 99 | ||||||||
|
|
|
|
|
|
|||||||
Net income |
$ | 16 | $ | 1,028 | $ | 600 | ||||||
Less: Loss attributable to noncontrolling interest, net of tax |
(94 | ) | (82 | ) | (61 | ) | ||||||
|
|
|
|
|
|
|||||||
Net income attributable to Nationwide Life Insurance Company |
$ | 110 | $ | 1,110 | $ | 661 | ||||||
|
|
|
|
|
|
See accompanying notes to consolidated financial statements.
2
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Comprehensive Income
Year ended December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Net income |
$ | 16 | $ | 1,028 | $ | 600 | ||||||
|
|
|
|
|
|
|||||||
Other comprehensive income (loss), net of tax |
||||||||||||
Changes in: |
||||||||||||
Net unrealized gains (losses) on available-for-sale securities |
$ | 435 | $ | (663 | ) | $ | 571 | |||||
Other |
27 | (7 | ) | (5 | ) | |||||||
|
|
|
|
|
|
|||||||
Total other comprehensive income (loss), net of tax |
$ | 462 | $ | (670 | ) | $ | 566 | |||||
|
|
|
|
|
|
|||||||
Total comprehensive income |
$ | 478 | $ | 358 | $ | 1,166 | ||||||
Less: Comprehensive loss attributable to noncontrolling interests, net of tax |
(94 | ) | (82 | ) | (61 | ) | ||||||
|
|
|
|
|
|
|||||||
Total comprehensive income attributable to Nationwide Life Insurance Company |
$ | 572 | $ | 440 | $ | 1,227 | ||||||
|
|
|
|
|
|
See accompanying notes to consolidated financial statements.
3
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Balance Sheets
December 31, | ||||||||
(in millions, except for share and per share amounts) |
2014 | 2013 | ||||||
Assets |
||||||||
Investments: |
||||||||
Fixed maturity securities, available-for-sale |
$ | 35,418 | $ | 32,249 | ||||
Mortgage loans, net of allowance |
7,270 | 6,341 | ||||||
Policy loans |
992 | 987 | ||||||
Short-term investments |
935 | 411 | ||||||
Other investments |
822 | 767 | ||||||
|
|
|
|
|||||
Total investments |
$ | 45,437 | $ | 40,755 | ||||
Cash and cash equivalents |
77 | 61 | ||||||
Accrued investment income |
670 | 603 | ||||||
Deferred policy acquisition costs |
4,063 | 3,778 | ||||||
Goodwill |
200 | 200 | ||||||
Other assets |
5,001 | 3,979 | ||||||
Separate account assets |
88,076 | 84,069 | ||||||
|
|
|
|
|||||
Total assets |
$ | 143,524 | $ | 133,445 | ||||
|
|
|
|
|||||
Liabilities and equity |
||||||||
Liabilities |
||||||||
Future policy benefits and claims |
$ | 40,730 | $ | 36,765 | ||||
Short-term debt |
660 | 278 | ||||||
Long-term debt |
709 | 707 | ||||||
Other liabilities |
5,313 | 4,122 | ||||||
Separate account liabilities |
88,076 | 84,069 | ||||||
|
|
|
|
|||||
Total liabilities |
$ | 135,488 | $ | 125,941 | ||||
|
|
|
|
|||||
Shareholders equity |
||||||||
Common stock ($1 par value; authorized - 5,000,000 shares, issued and outstanding - 3,814,779 shares) |
$ | 4 | $ | 4 | ||||
Additional paid-in capital |
1,718 | 1,718 | ||||||
Retained earnings |
4,630 | 4,520 | ||||||
Accumulated other comprehensive income |
1,044 | 582 | ||||||
|
|
|
|
|||||
Total shareholders equity |
$ | 7,396 | $ | 6,824 | ||||
Noncontrolling interests |
640 | 680 | ||||||
|
|
|
|
|||||
Total equity |
$ | 8,036 | $ | 7,504 | ||||
|
|
|
|
|||||
Total liabilities and equity |
$ | 143,524 | $ | 133,445 | ||||
|
|
|
|
See accompanying notes to consolidated financial statements.
4
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Equity
(in millions) |
Common stock |
Additional paid-in capital |
Retained earnings |
Accumulated other comprehensive income |
Total shareholders equity |
Non- controlling interest |
Total equity |
|||||||||||||||||||||
Balance as of December 31, 2011 |
$ | 4 | $ | 1,718 | $ | 2,789 | $ | 686 | $ | 5,197 | $ | 345 | $ | 5,542 | ||||||||||||||
Cash dividend paid |
| | (40 | ) | | (40 | ) | | (40 | ) | ||||||||||||||||||
Comprehensive income (loss): |
||||||||||||||||||||||||||||
Net income (loss) |
| | 661 | | 661 | (61 | ) | 600 | ||||||||||||||||||||
Other comprehensive income |
| | | 566 | 566 | | 566 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total comprehensive income (loss) |
$ | | $ | | $ | 661 | $ | 566 | $ | 1,227 | $ | (61 | ) | $ | 1,166 | |||||||||||||
Change in noncontrolling interest |
| | | | | 63 | 63 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance as of December 31, 2012 |
$ | 4 | $ | 1,718 | $ | 3,410 | $ | 1,252 | $ | 6,384 | $ | 347 | $ | 6,731 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Comprehensive income (loss): |
||||||||||||||||||||||||||||
Net income (loss) |
| | 1,110 | | 1,110 | (82 | ) | 1,028 | ||||||||||||||||||||
Other comprehensive loss |
| | | (670 | ) | (670 | ) | | (670 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total comprehensive income (loss) |
$ | | $ | | $ | 1,110 | $ | (670 | ) | $ | 440 | $ | (82 | ) | $ | 358 | ||||||||||||
Change in noncontrolling interest |
| | | | | 415 | 415 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance as of December 31, 2013 |
$ | 4 | $ | 1,718 | $ | 4,520 | $ | 582 | $ | 6,824 | $ | 680 | $ | 7,504 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Comprehensive income (loss): |
||||||||||||||||||||||||||||
Net income (loss) |
| | 110 | | 110 | (94 | ) | 16 | ||||||||||||||||||||
Other comprehensive income |
| | | 462 | 462 | | 462 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Total comprehensive income (loss) |
$ | | $ | | $ | 110 | $ | 462 | $ | 572 | $ | (94 | ) | $ | 478 | |||||||||||||
Change in noncontrolling interest |
| | | | | 54 | 54 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance as of December 31, 2014 |
$ | 4 | $ | 1,718 | $ | 4,630 | $ | 1,044 | $ | 7,396 | $ | 640 | $ | 8,036 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to consolidated financial statements.
5
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Cash Flows
Year ended December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Cash flows from operating activities |
||||||||||||
Net income |
$ | 16 | $ | 1,028 | $ | 600 | ||||||
Adjustments to net income: |
||||||||||||
Net realized investment losses (gains), including other-than-temporary impairment losses |
1,078 | (678 | ) | (319 | ) | |||||||
Interest credited to policyholder account values |
1,096 | 1,067 | 1,038 | |||||||||
Capitalization of deferred policy acquisition costs |
(685 | ) | (604 | ) | (470 | ) | ||||||
Amortization of deferred policy acquisition costs |
207 | 374 | 575 | |||||||||
Amortization and depreciation |
128 | 77 | 80 | |||||||||
Deferred tax (benefit) expense |
(152 | ) | 346 | 243 | ||||||||
Changes in: |
||||||||||||
Policy liabilities |
(421 | ) | (475 | ) | (548 | ) | ||||||
Derivatives, net |
(181 | ) | (483 | ) | (490 | ) | ||||||
Other, net |
(59 | ) | 88 | (84 | ) | |||||||
|
|
|
|
|
|
|||||||
Net cash provided by operating activities |
$ | 1,027 | $ | 740 | $ | 625 | ||||||
|
|
|
|
|
|
|||||||
Cash flows from investing activities |
||||||||||||
Proceeds from maturities of available-for-sale securities |
$ | 2,798 | $ | 3,689 | $ | 2,909 | ||||||
Proceeds from sales of available-for-sale securities |
647 | 1,091 | 796 | |||||||||
Purchases of available-for-sale securities |
(5,640 | ) | (6,842 | ) | (5,167 | ) | ||||||
Proceeds from repayments and sales of mortgage loans |
920 | 1,091 | 1,048 | |||||||||
Issuances and purchases of mortgage loans |
(1,837 | ) | (1,593 | ) | (1,114 | ) | ||||||
Net (increase) decrease in short-term investments |
(524 | ) | 654 | 98 | ||||||||
Collateral received (paid), net |
399 | (637 | ) | (208 | ) | |||||||
Other, net |
(94 | ) | 42 | (12 | ) | |||||||
|
|
|
|
|
|
|||||||
Net cash used in investing activities |
$ | (3,331 | ) | $ | (2,505 | ) | $ | (1,650 | ) | |||
|
|
|
|
|
|
|||||||
Cash flows from financing activities |
||||||||||||
Net change in short-term debt |
$ | 382 | $ | (22 | ) | $ | (477 | ) | ||||
Proceeds from issuance of long-term debt |
| 2 | 13 | |||||||||
Cash dividend paid to Nationwide Financial Services, Inc. |
| | (40 | ) | ||||||||
Repayments of long-term debt |
| (299 | ) | | ||||||||
Investment and universal life insurance product deposits |
6,037 | 6,139 | 5,566 | |||||||||
Investment and universal life insurance product withdrawals |
(4,095 | ) | (4,034 | ) | (4,063 | ) | ||||||
Other, net |
(4 | ) | (22 | ) | 39 | |||||||
|
|
|
|
|
|
|||||||
Net cash provided by financing activities |
$ | 2,320 | $ | 1,764 | $ | 1,038 | ||||||
|
|
|
|
|
|
|||||||
Net increase (decrease) in cash and cash equivalents |
$ | 16 | $ | (1 | ) | $ | 13 | |||||
Cash and cash equivalents at beginning of year |
61 | 62 | 49 | |||||||||
|
|
|
|
|
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Cash and cash equivalents at end of year |
$ | 77 | $ | 61 | $ | 62 | ||||||
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See accompanying notes to consolidated financial statements.
6
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(1) | Nature of Operations |
Nationwide Life Insurance Company (NLIC, or collectively with its subsidiaries, the Company) was incorporated in 1929 and is an Ohio domiciled stock life insurance company. The Company is a member of the Nationwide group of companies (Nationwide), which is comprised of Nationwide Mutual Insurance Company (NMIC) and all of its subsidiaries and affiliates.
All of the outstanding shares of NLICs common stock are owned by Nationwide Financial Services, Inc. (NFS), a holding company formed by Nationwide Corporation (Nationwide Corp.), a majority-owned subsidiary of NMIC.
The Company is a leading provider of long-term savings and retirement products in the United States of America (U.S.). The Company develops and sells a diverse range of products and services including individual annuities, private and public sector group retirement plans, investment products sold to institutions, life insurance and advisory services.
The Company sells its products through a diverse distribution network. Unaffiliated entities that sell the Companys products to their own customer bases include independent broker-dealers, financial institutions, wirehouse and regional firms, pension plan administrators and life insurance specialists. Representatives of affiliates who market products directly to a customer base include Nationwide Retirement Solutions, Inc. (NRS) and Nationwide Financial Network (NFN) producers, which includes the agency distribution force of the Companys ultimate parent company, NMIC.
Wholly-owned subsidiaries of NLIC as of December 31, 2014 include Nationwide Life and Annuity Insurance Company (NLAIC), Nationwide Investment Services Corporation (NISC) and Nationwide Investment Advisor (NIA). NLAIC primarily offers universal life insurance, variable universal life insurance, term life insurance, corporate-owned life insurance (COLI) and individual annuity contracts on a non-participating basis. NISC is a registered broker-dealer. NIA is a registered investment advisor.
As of December 31, 2014 and 2013, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region of the U.S. Also, the Company did not have a concentration of business transactions with a particular customer, lender, distribution source, market or geographic region of the U.S. in which the Company is overly vulnerable to a single event which could cause a severe impact on the Companys financial position.
(2) | Summary of Significant Accounting Policies |
Basis of Presentation
The consolidated financial statements include the accounts of NLIC and companies in which NLIC directly or indirectly has a controlling financial interest. The consolidated financial statements include majority-owned subsidiaries and consolidated variable interest entities (VIEs). All significant intercompany accounts and transactions have been eliminated.
Entities in which NLIC does not have a controlling interest, but the Company has significant influence over the operating and financing decisions, and also certain other investments, are reported using the equity method.
Use of Estimates
The Companys consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (GAAP). The preparation of the consolidated financial statements in accordance with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates include the balance and amortization of deferred policy acquisition costs (DAC), legal and regulatory reserves, certain investment and derivative valuations, future policy benefits and claims including the valuation of embedded derivatives resulting from living benefit guarantees on variable annuity contracts, goodwill, provision for income taxes and valuation of deferred tax assets. Actual results could differ significantly from those estimates.
7
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Revenues and Benefits
Investment and universal life insurance products. Investment products are long-duration contracts that do not subject the Company to significant risk arising from mortality (the incidence of death) or morbidity (the incidence of disability resulting from disease or physical impairment). These include variable and fixed deferred annuity contracts in the accumulation phase with both individuals and groups, as well as certain annuities without life contingencies. Universal life insurance products include long-duration insurance contracts that do not have fixed or guaranteed terms. These include universal life insurance, variable universal life insurance, COLI, bank-owned life insurance (BOLI) and other interest-sensitive life insurance policies. Revenues for investment products and universal life insurance products consist of net investment income, surrender charges and other policy charges earned and assessed against policy account balances during the period. Policy charges are assessed on a daily or monthly basis and are recognized as revenue when assessed and earned. Assessments for services provided in future periods are recorded as unearned revenue and recognized as revenue over the periods benefited. Surrender charges are recognized as revenue upon surrender of a contract in accordance with contractual terms. Policy benefits and claims that are charged to expense include interest credited to policyholder accounts and benefits and claims incurred in the period in excess of related policyholder accounts.
Traditional life insurance products. Traditional life insurance products include those products with fixed and guaranteed terms, primarily consisting of whole life insurance, term life insurance and certain annuities with life contingencies. Premiums for traditional life insurance products are generally recognized as revenue when due. For certain annuities with life contingencies, any excess of gross premium over the net premium is deferred and recognized with the amount of expected future benefits. Benefits and expenses are associated with earned premiums so that profits are recognized over the life of the contract. This association is accomplished through the provision for future policy benefits and the deferral and amortization of policy acquisition costs.
Future Policy Benefits and Claims
Investment and universal life insurance products. The Company calculates its liability for future policy benefits and claims for investment products in the accumulation phase and for universal life insurance policies at the policy accrued account balance, which represents participants net deposits adjusted for investment performance, interest credited and applicable contract charges.
The Company offers certain universal life insurance and variable universal life insurance with no-lapse guarantees and variable annuity products with guaranteed minimum death benefits (GMDB) and/or guaranteed minimum income benefits (GMIB). Liabilities for these guarantees are calculated by multiplying the current benefit ratio by the cumulative assessments recorded from contract inception through the balance sheet date less the cumulative guaranteed benefit payments plus interest. The Company annually evaluates its experience and assumptions and adjusts the benefit ratio as appropriate. If experience or assumption changes result in a new benefit ratio, the reserves are adjusted to reflect the changes with a related charge or credit to other benefits and claims in the period of evaluation. Determination of the expected benefit payments and assessments are based on a range of scenarios and assumptions, including those related to market rates of return and volatility, contract surrenders and mortality experience. The accounting for these guarantees impacts estimated gross profits used to calculate the balance and amortization of DAC and other expenses. Refer to Note 4 for further discussion of these guarantees.
Guarantees to variable annuity contractholders can include a return of no less than the total deposits made on the contract less any customer withdrawals, total deposits made on the contract less any customer withdrawals plus a minimum return, or the highest contract value on a specified anniversary date minus any customer withdrawals following the contract anniversary. In addition, these guarantees can include benefits payable in the event of death, upon annuitization, upon periodic withdrawal or at specified dates during the accumulation period. Refer to Note 4 for further discussion of these guarantees.
8
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The Companys guaranteed minimum accumulation benefit (GMAB) and guaranteed living withdrawal benefit (GLWB) living benefit guarantees represent embedded derivatives in variable annuity contracts that are required to be separated from, and valued apart from, the host variable annuity contracts. The embedded derivatives are held at fair value and include the present value of attributed fees. Subsequent changes in the fair value of the embedded derivatives are recognized in earnings as a component of net realized investment gains and losses. The fair value of the embedded derivatives is calculated based on a combination of capital market and actuarial assumptions. Projections of cash flows inherent in the valuation of the embedded derivatives incorporate numerous assumptions including, but not limited to, mortality, lapse rates, index volatility, benefit utilization and discounting. Benefit utilization includes wait period (the number of years the policyholder is assumed to wait prior to beginning withdrawals once eligible) and efficiency of benefit utilization (the percent of the maximum permitted withdrawal that a policyholder takes). Discounting includes liquidity and non-performance risk (the risk that the liability will not be fulfilled) and affects the value at which the liability is transferred. The assumptions used to calculate the fair value of embedded derivatives are reviewed as part of an annual comprehensive study of assumptions. Quarterly, consideration is given as to whether adjustments to these assumptions are necessary.
The Companys equity indexed products (life and annuity) have the policyholders interest credits based on market performance with caps and floors. The interest credits represent embedded derivatives within the insurance contract and therefore are required to be separated from, and valued apart from, the host contracts. The embedded derivatives are held at fair value. Subsequent changes in the fair value of the embedded derivatives are recognized in earnings as a component of interest credited. The fair value of the embedded derivatives is calculated based on a combination of capital market and actuarial assumptions. Projections of cash flows inherent in the valuation of the embedded derivative incorporate numerous assumptions including, but not limited to, mortality, lapse rates and index volatility. The assumptions used to calculate the fair value of embedded derivatives are reviewed as part of an annual comprehensive study of assumptions. Quarterly, consideration is given as to whether adjustments to these assumptions are necessary.
Traditional life insurance products. The process of calculating reserve amounts for traditional life insurance products involves the use of a number of assumptions, including those related to persistency, mortality, morbidity, interest rates (the rates expected to be paid or received on financial instruments) and certain other expenses.
The liability for future policy benefits and claims for traditional life insurance policies was determined using the net level premium method, with weighted average interest rates of 6.6% and estimates of mortality, morbidity, investment yields and persistency that were used or being experienced at the time the policies were issued, with a provision for adverse deviation.
The liability for future policy benefits for certain annuities with life contingencies was calculated using the present value of future benefits and certain expenses, discounted using weighted average interest rates of 4.8% with a provision for adverse deviation.
The Company issues fixed and floating rate funding agreements to the Federal Home Loan Bank of Cincinnati (FHLB). The liability for such funding agreements is recorded in future policy benefits and claims at amortized cost. The amount of collateralized funding agreements outstanding with the FHLB as of December 31, 2014 and 2013 was $1.8 billion and $913 million, respectively. In connection with an FHLB requirement for funding agreements, the Company held $35 million and $18 million of FHLB stock as of December 31, 2014 and 2013, respectively.
Reinsurance ceded
The Company cedes insurance to other companies in order to limit potential losses and to diversify its exposures. Such agreements do not relieve the original insurer from its primary obligation to the policyholder in the event the reinsurer is unable to meet the obligations it has assumed. Reinsurance premiums ceded and reinsurance recoveries on benefits and claims incurred are deducted from the respective income and expense accounts. Assets and liabilities related to reinsurance ceded are reported in the consolidated balance sheets on a gross basis, separately from the related future policy benefits and claims of the Company.
Deferred Policy Acquisition Costs
The Company has deferred certain acquisition costs that are directly related to the successful acquisition of new and renewal insurance and investment contracts. The methods and assumptions used to amortize and assess recoverability of the DAC balance depend on the type of product.
9
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Investment and universal life insurance products. For certain investment and universal life insurance products, DAC is amortized with interest over the lives of the policies in relation to the present value of estimated gross profits, which is determined primarily from projected interest margins, policy charges and net realized investment gains and losses, less policy benefits and other expenses. The DAC asset related to investment and universal life insurance products is adjusted to reflect the impact of unrealized gains and losses on available-for-sale securities, with the corresponding adjustment recorded in accumulated other comprehensive income (AOCI). This adjustment to DAC represents the change in amortization that would have been required as a charge or credit to operations had such unrealized amounts been realized. DAC for investment and universal life insurance products is subject to recoverability testing in the year of policy issuance, and DAC for universal life insurance products is also subject to loss recognition testing at the end of each reporting period.
The Company regularly evaluates and adjusts the DAC balance when actual gross profits in a given reporting period vary from managements initial estimates. Additionally, the assumptions used in the estimation of gross profits are based on the Companys current best estimates of future events and are reviewed as part of an annual process. During the annual process, the Company performs a comprehensive study of assumptions, including mortality and persistency studies, maintenance expense studies and an evaluation of projected general and separate account investment returns. The most significant assumptions that are involved in the estimation of future gross profits include future net separate account investment performance, surrender/lapse rates, interest margins, renewal premiums and mortality. The Company refers to this process as unlocking. Quarterly, consideration is given as to whether adjustments to these assumptions are necessary. The Company uses a reversion to the mean process to determine the assumption for the future net separate account investment performance. This process assumes different performance levels over the next three years, such that the separate account mean return, measured from the anchor date to the end of the life of the product, equals the long-term assumption. The Companys long-term assumptions for net separate account investment performance consist of assumed gross returns of 10.5% for equity funds and 5.0% for fixed funds.
Changes in assumptions and the emergence of actual gross profits can have a significant impact on the amount of DAC reported for investment and universal life insurance products and their related amortization patterns. Additionally, the amortization of DAC can be affected by the change in the valuation of the Companys variable annuity guarantees. See Future Policy Benefits and Claims for further discussion of the valuation of the Companys variable annuity guarantees. In the event actual experience differs from assumptions or future assumptions are revised, the Company will record an increase or decrease in DAC amortization expense, which could be significant.
Traditional life insurance. DAC is amortized with interest over the premium-paying period of the related policies in proportion to premium revenue recognized. These assumptions are consistent with those used in the calculation of liabilities for future policy benefits at issuance. DAC is evaluated for recoverability at the time of policy issuance, and loss recognition testing is conducted each reporting period.
Refer to Note 5 for discussion regarding assumption changes impacting DAC amortization and related balances.
Investments
Available-for-sale securities. Available-for-sale securities are reported at fair value, with unrealized holding gains and losses reported as a separate component of other comprehensive income, net of adjustments for DAC and other expenses, future policy benefits and claims, policyholder dividend obligations and deferred federal income taxes. Realized gains and losses on sales of available-for-sale securities are recognized in income based on the specific identification method. Interest and dividend income is recognized when earned.
As of December 31, 2014 and 2013, 99% of fixed maturity securities were priced using external source data. Independent pricing services are most often utilized (87% and 86% as of December 31, 2014 and 2013, respectively) to determine the fair value of securities for which market quotations are available. For these securities, the Company obtains the pricing services methodologies, inputs and assumptions and classifies the investments accordingly in the fair value hierarchy.
A corporate pricing matrix is used in valuing certain corporate debt securities. The corporate pricing matrix is developed using private spreads for corporate securities with varying weighted average lives and credit quality ratings. The weighted average life and credit quality rating of a particular fixed maturity security to be priced using the corporate pricing matrix are important inputs into the model and are used to determine a corresponding spread that is added to the appropriate U.S. Treasury yield to create an estimated market yield for that security. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular security.
10
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Non-binding broker quotes are also utilized to determine the fair value of certain corporate debt, mortgage-backed and other asset-backed securities when quotes are not available from independent pricing services, corporate pricing matrix or internal pricing models. These securities are classified with the lowest priority in the fair value hierarchy as only one broker quote is ordinarily obtained, the investment is not traded on an exchange, the pricing is not available to other entities and/or the transaction volume in the same or similar investments has decreased. Inputs used in the development of prices are not provided to the Company by the brokers, as the brokers often do not provide the necessary transparency into their quotes and methodologies. At least annually, the Company performs reviews and tests to ensure that quotes are a reasonable estimate of the investments fair value. Price movements of broker quotes are subject to validation and require approval from the Companys management. Management uses its knowledge of the investment and current market conditions to determine if the price is indicative of the investments fair value.
When the collectability of contractual interest payments on fixed maturity securities is considered doubtful, such securities are placed in non-accrual status and any accrued interest is excluded from investment income. These securities are not restored to accrual status until the Company determines that payment of future principal and interest is probable.
For investments in certain residential and commercial mortgage-backed securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method, based on prepayment assumptions and the estimated economic life of the securities. When actual prepayments differ significantly from estimated prepayments, the effective-yield is recalculated to reflect actual payments to date and anticipated future payments. Any resulting adjustment is included in net investment income in the period the estimates are revised. All other investment income is recorded using the effective-yield method without anticipating the impact of prepayments.
The Company periodically reviews its available-for-sale securities to determine if any decline in fair value to below amortized cost is other-than-temporary. Factors considered in determining whether a decline is other-than-temporary include the length of time a security has been in an unrealized loss position, the severity of the unrealized loss, reasons for the decline in value and expectations for the amount and timing of a recovery in fair value.
In assessing corporate debt securities for other-than-temporary impairment, the Company evaluates the ability of the issuer to meet its debt obligations, the value of the company or specific collateral securing the debt, the Companys intent to sell the security and whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost basis. The Company evaluates U.S. government and agencies, as well as obligations of states, political subdivisions and foreign governments for other-than-temporary impairment by examining similar characteristics.
When evaluating whether residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities are other-than-temporarily impaired, the Company examines characteristics of the underlying collateral, such as delinquency and default rates, the quality of the underlying borrower, the type of collateral in the pool, the vintage year of the collateral, subordination levels within the structure of the collateral pool, the quality of any credit guarantors, the Companys intent to sell the security and whether it is more likely than not it will be required to sell the security before the recovery of its amortized cost basis.
The Company evaluates its intent to sell on an individual security basis. Other-than-temporary impairment losses on securities when the Company does not intend to sell the security and it is not more likely than not it will be required to sell the security prior to recovery of the securitys amortized cost basis are bifurcated, with the credit portion of the impairment loss being recognized in earnings and the non-credit loss portion of the impairment and any subsequent changes in the fair value of those debt securities being recognized in other comprehensive income, net of applicable taxes and other offsets. To estimate the credit portion of an impairment loss recognized in earnings, the Company considers the present value of the cash flows. To the extent that the present value of cash flows generated by a debt security is less than the amortized cost, an other-than-temporary impairment is recognized through earnings.
It is possible that further declines in fair values of such investments, or changes in assumptions or estimates of anticipated recoveries and/or cash flows, may cause further other-than-temporary impairments in the near term, which could be significant.
Mortgage loans, net of allowance. The Company holds commercial mortgage loans that are collateralized by properties throughout the U.S. These mortgage loans are further segregated into the following classes based on the unique risk profiles of the underlying property types: office, industrial, retail, apartment and other. Mortgage loans held-for-investment are held at amortized cost less a valuation allowance.
As part of the underwriting process, specific guidelines are followed to ensure the initial quality of a new mortgage loan. Third-party appraisals are generally obtained to support loaned amounts, as the loans are usually collateral dependent.
11
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The collectability and value of a mortgage loan are based on the ability of the borrower to repay and/or the value of the underlying collateral. Many of the Companys commercial mortgage loans are structured with balloon payment maturities, exposing the Company to risks associated with the borrowers ability to make the balloon payment or refinance the property.
The Company actively monitors the credit quality of its mortgage loans to support the development of the valuation allowance. This monitoring process includes quantitative analyses, which facilitate the identification of deteriorating loans, and qualitative analyses, which consider other factors relevant to the borrowers ability to repay. Surveillance procedures identify loans with deteriorating credit fundamentals and these loans are evaluated based on the severity of their deterioration and managements judgment as to the likelihood of loss.
Mortgage loans require a loan-specific reserve when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. When management determines that a loan requires a loan-specific reserve, a provision for loss is established equal to the difference between the carrying value and either the fair value of the collateral less costs to sell or the present value of expected future cash flows discounted at the loans market interest rate. Loan-specific reserve charges are recorded in net realized investment gains and losses. In the event a loan-specific reserve charge is reversed, the recovery is also recorded in net realized investment gains and losses.
In addition to the loan-specific reserves, the Company maintains a non-specific reserve based primarily on loan surveillance categories and property type classes, which reflects managements best estimate of probable credit losses inherent in the portfolio of loans without specific reserves as of the balance sheet date. Managements periodic evaluation of the adequacy of the non-specific reserve is based on past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect a borrowers ability to repay, the estimated value of the underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. Non-specific reserve changes are recorded in net realized investment gains and losses.
Interest income on performing mortgage loans is recognized over the life of the loan using the effective-yield method. Loans in default or in the process of foreclosure are placed on non-accrual status. Interest received on non-accrual status mortgage loans is included in net investment income in the period received. Loans are considered delinquent when contractual payments are 90 days past due.
Policy loans. Policy loans, which are collateralized by the related insurance policy, are held at the outstanding principal balance and do not exceed the net cash surrender value of the policy. As such, no valuation allowance for policy loans is required.
Short-term investments. Short-term investments consist primarily of highly liquid mutual funds and government agency discount notes with maturities of twelve months or less at acquisition. The Company and various affiliates maintain agreements with Nationwide Cash Management Company (NCMC), an affiliate, under which NCMC acts as a common agent in handling the purchase and sale of short-term securities for the respective accounts of the participants. Amounts on deposit with NCMC for the benefit of the Company are included in short-term investments on the consolidated balance sheets. The Company carries short-term investments at fair value.
Other investments. Other investments consist primarily of equity method investments in private equity, hedge funds and partnerships, as well as COLI, trading securities, equity securities and capital stock with the FHLB.
Securities lending. The Company has entered into securities lending agreements with a custodial bank whereby eligible securities are loaned to third parties, primarily major brokerage firms. These transactions are used to generate additional income on the securities portfolio. The Company is entitled to receive from the borrower any payments of interest and dividends received on loaned securities during the loan term. The agreements require a minimum of 102% of the fair value of loaned securities to be held as collateral. Cash collateral is invested by the custodial bank in investment-grade securities, which are included in the total investments of the Company. Periodically, the Company may receive non-cash collateral, which would be recorded off-balance sheet. The Company recognizes loaned securities in either available-for-sale or other investments. A securities lending payable is recorded in other liabilities for the amount of cash collateral received. Net income received from securities lending activities is included in net investment income. As of December 31, 2014 and 2013, the fair value of loaned securities was $254 million and $116 million, respectively.
Variable interest entities. In the normal course of business, the Company has relationships with VIEs. If the Company determines that it has a variable interest and is the primary beneficiary, it consolidates the VIE. The Company is the primary beneficiary if the Company has the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and the obligation to absorb losses or receive benefits from the entity that could be potentially significant to the VIE. This determination is based on a review of the entitys contract and other deal related information, such as the entitys equity investment at risk, decision-making abilities, obligations to absorb economic risks and right to receive economic rewards of the entity.
12
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The majority of the VIEs consolidated by the Company are due to guarantees provided to limited partners related to the amount of tax credits that will be generated by Low-Income-Housing Tax Credit Funds (Tax Credit Funds). The results of operations and financial position of each VIE for which the Company is the primary beneficiary, as well as the corresponding noncontrolling interests, are recorded in the consolidated financial statements. Ownership interests held by unrelated third parties in the consolidated VIEs are presented as noncontrolling interests in the equity section of the consolidated financial statements. Losses attributable to noncontrolling interests are excluded from the net income attributable to NLIC on the consolidated statements of operations.
The Company invests in fixed maturity securities that could qualify as VIEs, including corporate securities, mortgage-backed securities and asset-backed securities. The Company is not the primary beneficiary of these securities as the Company does not have the power to direct the activities that most significantly impact the entities performance. The Companys maximum exposure to loss is limited to the carrying values of these securities. There are no liquidity arrangements, guarantees or other commitments by third parties that affect the fair value of the Companys interest in these assets. Refer to Note 6 for additional disclosures related to these investments.
The Company is not required and does not intend to provide financial or other support outside of contractual requirements to any VIE.
Derivative Instruments
The Company uses derivative instruments to manage exposures and mitigate risks primarily associated with interest rates, equity markets and foreign currency. These derivative instruments primarily include interest rate swaps, futures contracts and options. Certain features embedded in the Companys indexed products and certain variable annuity contracts require derivative accounting. Refer to the prior discussion of Future Policy Benefits and Claims for a description of the valuation applicable to these products. All derivative instruments are held at fair value and are reflected as assets or liabilities in the consolidated balance sheets.
The fair value of derivative instruments is determined using various valuation techniques relying predominantly on observable market inputs. These inputs include interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels. In cases where observable inputs are not available, the Company will utilize non-binding broker quotes to determine fair value, and these instruments are classified accordingly in the fair value hierarchy. Price movements of these broker quotes are subject to validation and require approval from the Companys management. Management uses models to internally value the instruments for comparison to the values received through broker quotes.
For derivatives that are not designated for hedge accounting, the gain or loss on the derivative is primarily recognized in net realized investment gains and losses.
For derivative instruments that are designated and qualify for fair value hedge accounting, the gain or loss on the derivative instrument, as well as the hedged item to the extent of the risk being hedged, are recognized in net realized investment gains and losses.
For derivative instruments that are designated and qualify for cash flow hedge accounting, the effective portion of the gain or loss on the derivative instrument is reported as a component of AOCI and reclassified into earnings in the same period or periods that the hedged transaction impacts earnings. The ineffective portion of the derivatives change in value, if any, along with any of the derivatives change in value that is excluded from the assessment of hedge effectiveness, are recorded in net realized investment gains and losses.
The Companys derivative transaction counterparties are generally financial institutions. To reduce the credit risk associated with open contracts, the Company enters into master netting agreements, which permit the closeout and netting of transactions with the same counterparty upon the occurrence of certain events. In addition, the Company attempts to reduce credit risk by obtaining collateral from counterparties. The determination of the need for and the levels of collateral vary based on an assessment of the credit risk of the counterparty. The Company accepts collateral in the form of cash and marketable securities.
Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Companys view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. In determining fair value, the Company uses various methods, including market and income approaches.
13
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The Company categorizes its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.
The Company categorizes assets and liabilities held at fair value in the consolidated balance sheets as follows:
Level 1. Unadjusted quoted prices accessible in active markets for identical assets or liabilities at the measurement date and mutual funds where the value per share (unit) is determined and published daily and is the basis for current transactions.
Level 2. Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, London Interbank Offered Rate (LIBOR), prime rates, cash flows, maturity dates, call ability, estimated prepayments, and/or underlying collateral values.
Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect managements best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.
The Company reviews its fair value hierarchy classifications for assets and liabilities quarterly. Changes in the observability of significant valuation inputs identified during these reviews may trigger reclassifications. Reclassifications are reported as transfers at the beginning of the period in which the change occurs.
Fair Value Option
The Company assesses the fair value option election for newly acquired assets or liabilities on a prospective basis. There are no material assets or liabilities for which the Company has elected the fair value option.
Federal Income Taxes
The Company recognizes deferred tax assets and liabilities for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, net operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. Under this method, the effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded to reduce a deferred tax asset to the amount expected to be realized. Interest expense and any associated penalties which relate to tax years still subject to review by the Internal Revenue Service (IRS) are recorded as income tax expense.
The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to change the provision for federal income taxes recorded in the consolidated financial statements, which could be significant.
Tax reserves are reviewed regularly and are adjusted as events occur that the Company believes impact its liability for additional taxes, such as the lapsing of applicable statutes of limitations, conclusion of tax audits or substantial agreement with taxing authorities on the deductibility/nondeductibility of uncertain items, additional exposure based on current calculations, identification of new issues, release of administrative guidance or rendering of a court decision affecting a particular tax issue.
NLIC files a separate consolidated federal income tax return with its subsidiaries and is eligible to join the NMIC consolidated tax return group in 2015.
Cash and Cash Equivalents
Cash and cash equivalents include highly liquid investments with original maturities of less than three months.
14
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Goodwill
In connection with business acquisitions, the Company recognizes goodwill as the excess of the purchase price over the fair value of net assets acquired as goodwill. Goodwill is not amortized, but is evaluated for impairment at the reporting unit level annually. Goodwill of a reporting unit is tested for impairment on an interim basis, in addition to the annual evaluation, if an event occurs or circumstances change which would more likely than not reduce the fair value of a reporting unit below its carrying amount. If a reporting units fair value is less than its carrying value, the Company will calculate implied goodwill. An impairment would be recognized on a reporting unit for the amount that the carrying value of its goodwill exceeds the implied value of its goodwill.
The process of evaluating goodwill for impairment requires several judgments and assumptions to be made to determine the fair value of the reporting units, including the method used to determine fair value, discount rates, expected levels of cash flows, revenues and earnings, and the selection of comparable companies used to develop market-based assumptions. The Company performed its 2014 annual impairment test and determined that no impairment was required.
Closed Block
In connection with the sponsored demutualization of Provident Mutual Life Insurance Company (Provident) prior to its acquisition by the Company, Provident established a closed block for the benefit of certain classes of individual participating policies that had a dividend scale payable in 2001. Assets were allocated to the closed block in an amount that produces cash flows which, together with anticipated revenues from closed block business, is reasonably expected to be sufficient to provide for (1) payment of policy benefits, specified expenses and taxes, and (2) the continuation of dividends throughout the life of the Provident policies included in the closed block based upon the dividend scales payable for 2001, if the experience underlying such dividend scales continues.
Assets allocated to the closed block benefit only the holders of the policies included in the closed block and will not revert to the benefit of the Company. No reallocation, transfer, borrowing or lending of assets can be made between the closed block and other portions of the Companys general account, any of its separate accounts, or any affiliate of the Company without the approval of the Pennsylvania Insurance Department and Ohio Department of Insurance (ODI). The closed block will remain in effect as long as any policy in the closed block is in force.
If, over time, the aggregate performance of the closed block assets and policies is better than was assumed in funding the closed block, dividends to policyholders will increase. If, over time, the aggregate performance of the closed block assets and policies is less favorable than was assumed in the funding, dividends to policyholders could be reduced. If the closed block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from the Companys assets outside of the closed block, which are general account assets.
The assets and liabilities allocated to the closed block are recorded in the Companys consolidated financial statements on the same basis as other similar assets and liabilities. The carrying amount of closed block liabilities in excess of the carrying amount of closed block assets at the date Provident was acquired by the Company represents the maximum future earnings from the assets and liabilities designated to the closed block that can be recognized in income, for the benefit of stockholders, over the period the policies in the closed block remain in force.
If actual cumulative earnings exceed expected cumulative earnings, the expected earnings are recognized in income. This is because the excess actual cumulative earnings over expected cumulative earnings, which represents undistributed accumulated earnings attributable to policyholders, is recorded as a policyholder dividend obligation. Therefore, the excess will be paid to closed block policyholders as an additional policyholder dividend expense in the future unless it is otherwise offset by future performance of the closed block that is less favorable than originally expected. If actual cumulative performance is less favorable than expected, actual earnings will be recognized in income.
The principal cash flow items that affect the amount of closed block assets and liabilities are premiums, net investment income, purchases and sales of investments, policyholder benefits, policyholder dividends, premium taxes and income taxes. The principal income and expense items excluded from the closed block are management and maintenance expenses, commissions and net investment income and realized gains and losses on investments held outside of the closed block that support the closed block business, all of which enter into the determination of total gross margins of closed block policies. See Note 10 for further disclosure.
Separate Accounts
Separate account assets and liabilities represent contractholders funds that have been legally segregated into accounts with specific investment objectives. In the separate account, investment income and gains and losses on investments accrue directly to, and investment risk is borne by, the contractholder. Separate account assets are primarily comprised of public, privately registered and non-registered mutual funds. Separate account assets are recorded at fair value based on the methodology that would be applicable to the underlying assets. The value of separate account liabilities is set to equal the fair value for separate account assets.
15
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Participating Business
Participating business, which refers to policies that participate in profits through policyholder dividends, represented approximately 4% of the Companys life insurance in force in 2014 and 2013 and 5% in 2012 and 37% of the number of life insurance policies in force in 2014 (38% in 2013 and 40% in 2012). The provision for policyholder dividends was based on the respective years dividend scales and has been included in future policy benefits and claims in the consolidated balance sheets.
Subsequent Events
The Company evaluated subsequent events through February 25, 2015, the date the consolidated financial statements were issued.
(3) | Recently Issued Accounting Standards |
Adopted Accounting Standards
On January 1, 2014, the Company adopted ASU 2013-04, which amends existing guidance in ASC 405, Liabilities. The ASU provides guidance for the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date. The adoption of this guidance had no impact on the Companys consolidated financial statements.
On January 1, 2014, the Company adopted ASU 2013-08, which amends existing guidance in ASC 946, Financial Services Investment Companies. The amended guidance modifies the definition of investment companies and requires new disclosures around the status and operations of investment companies. In addition, the guidance requires an investment company to measure its noncontrolling interests in another investment company at fair value rather than the equity method of accounting. The adoption of this guidance had no impact on the Companys consolidated financial statements.
On January 1, 2014, the Company adopted ASU 2013-11, which amends existing guidance in ASC 740, Income Taxes. The amended guidance provides clarification on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. The adoption of this guidance had no impact on the Companys consolidated financial statements.
Pending Accounting Standards
In January 2014, the FASB issued ASU 2014-01, which amends existing guidance in ASC 323, Equity Method and Joint Ventures. The amended guidance permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The Company will adopt the ASU for interim and annual reporting periods beginning January 1, 2015. The Company is currently in the process of determining the impact of adoption.
In January 2014, the FASB issued ASU 2014-04, which amends existing guidance in ASC 310, Receivables and ASC 360, Property, Plant and Equipment. The amended guidance provides clarification on the accounting for situations in which a creditor obtains collateral assets in satisfaction of all or part of a receivable. The Company will adopt the ASU for interim and annual periods beginning January 1, 2015. The Company is currently in the process of determining the impact of adoption.
In May 2014, the FASB issued ASU 2014-09, which amends existing guidance in ASC 606, Revenue from Contracts with Customers and ASC 340, Other Assets and Deferred Costs Contracts with Customers. The amended guidance develops a single standard to recognize revenue when the identified performance obligation is satisfied. The Company will adopt the ASU for interim and annual periods beginning January 1, 2017. The Company is currently in the process of determining the impact of adoption.
In June 2014, the FASB issued ASU 2014-11, which amends existing guidance in ASC 860, Transfers and Servicing. The amended guidance amends certain criteria when evaluating effective control in certain repurchase agreement transactions and eliminates specific guidance on repurchase financing and requires that these transactions be treated in the same manner as repurchase transactions. Additionally, the amended guidance requires additional disclosures for repurchase agreements. The Company will adopt the ASU for interim and annual periods beginning January 1, 2015. The Company is currently in the process of determining the impact of adoption.
In August 2014, the FASB issued ASU 2014-14, which amends ASC 310, Receivables. The amended guidance requires creditors to classify certain foreclosed government guaranteed mortgage loans as a receivable from the guarantor that is measured at the amount expected to be recovered under the guarantee, without treating the guarantee as a separate unit of account. The Company will adopt the ASU for interim and annual periods beginning January 1, 2015. The Company is currently in the process of determining the impact of adoption.
16
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
In November 2014, the FASB issued ASU 2014-17, which amends ASC 805, Business Combinations. The amended guidance gives an acquired entity the option to apply pushdown accounting in its stand-alone financial statements. The Company will adopt the ASU for interim and annual periods beginning January 1, 2015. The Company is currently in the process of determining the impact of adoption.
(4) | Certain Long-Duration Contracts |
Variable Annuity Contracts
Contractholder assets are invested in general and separate account investment options as directed by the contractholder. The Company issues variable annuity contracts through its separate accounts. The Company also provides various forms of guarantees to benefit the related contractholders. The Company provides five primary guarantee types: (1) GMDB; (2) GLWB; (3) GMAB; (4) a hybrid guarantee with GMAB and GLWB; and (5) GMIB.
The GMDB, offered on every variable annuity contract, provides a specified minimum return upon death. Many of these death benefits are spousal, whereby a death benefit will be paid upon death of the first spouse. The survivor has the option to terminate the contract or continue it by having the death benefit paid into the contract and having a second death benefit paid upon the survivors death.
The GLWB, offered in the Companys Lifetime Income products, are living benefits that provide for enhanced retirement income security without the liquidity loss associated with annuitization. The withdrawal rates vary based on the age when withdrawals begin and are applied to a benefit base to determine the guaranteed lifetime income amount available to a contractholder. The benefit base is equal to the variable annuity premium at contract issuance and may increase as a result of a feature driven by account performance and policy duration.
The GMAB, which was offered in the Companys Capital Preservation Plus product, is a living benefit that provides the contractholder with a guaranteed return of deposits, adjusted proportionately for withdrawals, after a specified time period (5, 7 or 10 years) selected by the contractholder at the issuance of the variable annuity contract. In some cases, the contractholder also has the option, after a specified time period, to drop the guarantee and continue the variable annuity contract without the GMAB. In general, the GMAB requires a minimum allocation to guaranteed term options or adherence to limitations required by an approved asset allocation strategy.
The GMIB, which was offered with several variable annuity contracts, is a living benefit that provides the contractholder with a guaranteed annuitization stream of income.
The following table summarizes information regarding variable annuity contracts with guarantees invested in general and separate accounts, as of the dates indicated (a contract may contain multiple guarantees):
December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
(in millions) |
General account value |
Separate account value |
Net amount at risk1 |
Average age2 |
General account value |
Separate account value |
Net amount at risk1 |
Average age2 |
||||||||||||||||||||||||
Contracts with GMDB: |
||||||||||||||||||||||||||||||||
Return of net deposits |
$ | 872 | $ | 23,079 | $ | 21 | 65 | $ | 916 | $ | 19,927 | $ | 13 | 64 | ||||||||||||||||||
Minimum return or anniversary contract value |
1,918 | 33,662 | 292 | 69 | 2,031 | 33,520 | 237 | 69 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Total contracts with GMDB |
$ | 2,790 | $ | 56,741 | $ | 313 | 68 | $ | 2,947 | $ | 53,447 | $ | 250 | 67 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
GLWB Minimum return or anniversary contract value |
$ | 135 | $ | 31,031 | $ | 195 | 66 | $ | 178 | $ | 28,071 | $ | 74 | 64 | ||||||||||||||||||
GMAB Return of net deposits3 |
$ | 43 | $ | 1,552 | $ | | 67 | $ | 92 | $ | 2,383 | $ | | 64 | ||||||||||||||||||
GMIB Minimum return or anniversary contract value |
$ | 45 | $ | 451 | $ | 1 | 66 | $ | 49 | $ | 510 | $ | | 64 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 | Net amount at risk is calculated on a policy-level basis and equals the respective guaranteed benefit less the account value (or zero if the account value exceeds the guaranteed benefit). |
2 | Represents the weighted average attained age of contractholders. |
3 | Contracts with the hybrid accumulation/withdrawal benefits are included with the accumulation benefits contracts. |
17
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes the reserve balances for guarantees on variable annuity contracts, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
GMDB |
$ | 76 | $ | 55 | ||||
GLWB1 |
$ | 174 | $ | (1,075 | ) | |||
GMAB1, 2 |
$ | 3 | $ | (19 | ) | |||
GMIB |
$ | 1 | $ | 2 |
1 | The changes in reserve balances for withdrawal benefits and accumulation benefits were primarily driven by declines in key interest rates, partially offset by rising equity markets during 2014. Refer to Note 7 for discussion of the related derivative programs. |
2 | Contracts with the hybrid accumulation/withdrawal benefits are included with the accumulation benefits contracts. |
Paid claims for GMDBs were $11 million and $22 million for the years ended December 31, 2014 and 2013, respectively.
Paid claims for GLWBs, GMABs and GMIBs were immaterial for the years ended December 31, 2014 and 2013.
The following table summarizes the account balances of deferred variable annuity contracts with guarantees invested in separate accounts, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
Mutual funds: |
||||||||
Bond |
$ | 5,280 | $ | 5,685 | ||||
Domestic equity |
47,316 | 43,505 | ||||||
International equity |
2,969 | 3,179 | ||||||
|
|
|
|
|||||
Total mutual funds |
$ | 55,565 | $ | 52,369 | ||||
Money market funds |
1,176 | 1,078 | ||||||
|
|
|
|
|||||
Total1 |
$ | 56,741 | $ | 53,447 | ||||
|
|
|
|
1 | Excludes $31.3 billion and $30.6 billion as of December 31, 2014 and 2013, respectively, of separate account assets not related to deferred variable annuity contracts with guarantees, primarily attributable to retirement plan, variable universal life and COLI products. |
The Company did not transfer any assets from the general account to the separate account to cover guarantees for any of its variable annuity contracts during the years ended December 31, 2014 and 2013.
Universal and Variable Universal Life Insurance Contracts
The Company offers certain universal life and variable universal life insurance products with no-lapse guarantees. These no-lapse guarantees provide that a policy will not lapse so long as the policyholder makes minimum premium payments. The reserve balances on these guarantees were $401 million and $325 million as of December 31, 2014 and 2013, respectively. Paid claims on contracts maintained in force by these guarantees were immaterial for the years ended December 31, 2014 and 2013.
The following table summarizes information regarding universal and variable universal life insurance contracts with no-lapse guarantees invested in general and separate accounts, as of the dates indicated:
(in millions) |
General account value |
Separate account value |
Adjusted insurance in force1 |
Average age2 |
||||||||||||
December 31, 2014 |
$ | 1,954 | $ | 2,191 | $ | 41,484 | 51 | |||||||||
December 31, 20133 |
$ | 1,522 | $ | 2,235 | $ | 36,956 | 51 |
1 | The adjusted insurance in force is calculated on a policy-level basis and equals the respective guaranteed death benefit less the account value. |
2 | Represents the weighted average attained age of contractholders. |
3 | Amounts above are based on all policies with no-lapse guarantees. Previously, only those policies with a no-lapse guarantee carrying a reserve were included in the disclosure. |
18
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(5) | Deferred Policy Acquisition Costs |
The following table summarizes changes in the DAC balance, as of the dates indicated:
December 31, | ||||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||||
Balance at beginning of year |
$ | 3,778 | $ | 3,249 | $ | 3,487 | ||||||||
Capitalization of DAC |
685 | 604 | 470 | |||||||||||
Amortization of DAC, excluding unlocks |
(397 | ) | (373 | ) | (525 | ) | ||||||||
Amortization of DAC related to unlocks |
190 | (1 | ) | (50 | ) | |||||||||
Adjustments to DAC related to unrealized gains and losses on available- for-sale securities |
(193 | ) | 299 | (133 | ) | |||||||||
|
|
|
|
|
|
|||||||||
Balance at end of year |
$ | 4,063 | $ | 3,778 | $ | 3,249 | ||||||||
|
|
|
|
|
|
During 2014, the Company recognized a decrease in DAC amortization of $190 million as a result of the annual comprehensive review of model assumptions and enhancements. The updated assumptions were primarily related to the actual performance of the block of business since the prior year review and the expectations for lapses, partially offset by an update to the Companys long-term assumptions for separate account investment performance.
During 2013, the net change in DAC amortization as a result of the annual comprehensive review of model assumptions was immaterial.
During 2012, the Company incurred additional DAC amortization of $50 million as a result of the annual comprehensive review of model assumptions, as well as a deviation from equity market performance as compared to assumed net separate account returns. The updated assumptions were primarily related to actual gross profits and the in force block of business deviating from expectations, renewal premiums, general account margins and lapses.
19
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(6) | Investments |
Available-for-Sale Securities
The following table summarizes the amortized cost, unrealized gains and losses and fair value of available-for-sale securities, as of the dates indicated:
(in millions) |
Amortized cost |
Unrealized gains |
Unrealized losses |
Fair value | ||||||||||||
December 31, 2014 |
||||||||||||||||
Fixed maturity securities: |
||||||||||||||||
U.S. government and agencies |
$ | 448 | $ | 79 | $ | | $ | 527 | ||||||||
Obligations of states, political subdivisions and foreign governments |
1,966 | 320 | 1 | 2,285 | ||||||||||||
Corporate public securities |
19,851 | 1,519 | 120 | 21,250 | ||||||||||||
Corporate private securities |
4,398 | 286 | 34 | 4,650 | ||||||||||||
Residential mortgage-backed securities |
3,694 | 190 | 45 | 3,839 | ||||||||||||
Commercial mortgage-backed securities |
1,431 | 74 | 3 | 1,502 | ||||||||||||
Other asset-backed securities |
1,410 | 27 | 72 | 1,365 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities |
$ | 33,198 | $ | 2,495 | $ | 275 | $ | 35,418 | ||||||||
Equity securities |
6 | 15 | | 21 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total available-for-sale securities |
$ | 33,204 | $ | 2,510 | $ | 275 | $ | 35,439 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
December 31, 2013 |
||||||||||||||||
Fixed maturity securities: |
||||||||||||||||
U.S. government and agencies |
$ | 484 | $ | 79 | $ | 2 | $ | 561 | ||||||||
Obligations of states, political subdivisions and foreign governments |
1,892 | 111 | 40 | 1,963 | ||||||||||||
Corporate public securities |
18,004 | 1,076 | 295 | 18,785 | ||||||||||||
Corporate private securities |
4,374 | 258 | 38 | 4,594 | ||||||||||||
Residential mortgage-backed securities |
3,919 | 163 | 79 | 4,003 | ||||||||||||
Commercial mortgage-backed securities |
1,439 | 86 | 21 | 1,504 | ||||||||||||
Other asset-backed securities |
890 | 26 | 77 | 839 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities |
$ | 31,002 | $ | 1,799 | $ | 552 | $ | 32,249 | ||||||||
Equity securities |
6 | 18 | | 24 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total available-for-sale securities |
$ | 31,008 | $ | 1,817 | $ | 552 | $ | 32,273 | ||||||||
|
|
|
|
|
|
|
|
The fair value of the Companys investments may fluctuate significantly in response to changes in interest rates, investment quality ratings and credit spreads. The Company has the ability and intent to hold equity securities until recovery. The Company does not have the intent to sell, nor is it more likely than not it will be required to sell, debt securities in an unrealized loss position.
20
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes the amortized cost and fair value of fixed maturity securities, by contractual maturity, as of December 31, 2014. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without early redemption penalties.
(in millions) |
Amortized cost |
Fair value |
||||||
Fixed maturity securities: |
||||||||
Due in one year or less |
$ | 1,018 | $ | 1,037 | ||||
Due after one year through five years |
9,196 | 9,898 | ||||||
Due after five years through ten years |
8,267 | 8,617 | ||||||
Due after ten years |
8,182 | 9,160 | ||||||
|
|
|
|
|||||
Subtotal |
$ | 26,663 | $ | 28,712 | ||||
Residential mortgage-backed securities |
3,694 | 3,839 | ||||||
Commercial mortgage-backed securities |
1,431 | 1,502 | ||||||
Other asset-backed securities |
1,410 | 1,365 | ||||||
|
|
|
|
|||||
Total fixed maturity securities |
$ | 33,198 | $ | 35,418 | ||||
|
|
|
|
The following table summarizes components of net unrealized gains and losses, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
Net unrealized gains on available-for-sale securities, before adjustments, taxes and fair value hedging |
$ | 2,235 | $ | 1,265 | ||||
|
|
|
|
|||||
Net unrealized gains on available-for-sale securities, before adjustments and taxes1 |
$ | 2,235 | $ | 1,265 | ||||
Adjustment to DAC and other expense |
(372 | ) | (176 | ) | ||||
Adjustment to future policy benefits and claims |
(159 | ) | (89 | ) | ||||
Adjustment to policyholder dividend obligation |
(120 | ) | (85 | ) | ||||
Deferred federal income tax expense |
(548 | ) | (314 | ) | ||||
|
|
|
|
|||||
Net unrealized gains on available-for-sale securities |
$ | 1,036 | $ | 601 | ||||
|
|
|
|
1 | Includes net unrealized losses of $9 million and $40 million as of December 31, 2014 and 2013, respectively, related to the non-credit portion of other-than-temporarily impaired securities. |
The following table summarizes the change in net unrealized gains and losses reported in accumulated other comprehensive income, for the years ended:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
Balance at beginning of year |
$ | 601 | $ | 1,264 | ||||
Unrealized gains and losses arising during the year: |
||||||||
Net unrealized gains (losses) on available-for-sale securities before adjustments |
939 | (1,657 | ) | |||||
Non-credit impairments and subsequent changes in fair value of impaired debt securities |
31 | 8 | ||||||
Net adjustment to DAC and other expense |
(196 | ) | 306 | |||||
Net adjustment to future policy benefits and claims |
(70 | ) | 206 | |||||
Net adjustment to policyholder dividend obligations |
(35 | ) | 92 | |||||
Related federal income tax (expense) benefit |
(234 | ) | 366 | |||||
|
|
|
|
|||||
Unrealized gains (losses) on available-for-sale securities |
$ | 435 | $ | (679 | ) | |||
Reclassification adjustment for net losses realized on available-for-sale securities, net of tax benefit ($0 and $8 as of December 31, 2014 and 2013, respectively) |
| (16 | ) | |||||
|
|
|
|
|||||
Net unrealized gains (losses) on available-for-sale securities |
$ | 435 | $ | (663 | ) | |||
|
|
|
|
|||||
Balance at end of year |
$ | 1,036 | $ | 601 | ||||
|
|
|
|
21
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes, by asset class, available-for-sale securities, in an unrealized loss position based on the amount of time each type of security has been in an unrealized loss position, as well as the related fair value, as of the dates indicated:
Less than or equal to one year | More than one year | Total | ||||||||||||||||||
(in millions) |
Fair value |
Unrealized losses |
Fair value |
Unrealized losses |
Unrealized losses1 |
|||||||||||||||
December 31, 2014 |
||||||||||||||||||||
Fixed maturity securities: |
||||||||||||||||||||
Corporate public securities |
$ | 1,642 | $ | 63 | $ | 1,578 | $ | 57 | $ | 120 | ||||||||||
Residential mortgage-backed securities |
268 | 2 | 487 | 43 | 45 | |||||||||||||||
Other asset-backed securities |
662 | 5 | 493 | 67 | 72 | |||||||||||||||
Other |
589 | 27 | 457 | 11 | 38 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total2 |
$ | 3,161 | $ | 97 | $ | 3,015 | $ | 178 | $ | 275 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
December 31, 2013 |
||||||||||||||||||||
Fixed maturity securities: |
||||||||||||||||||||
Corporate public securities |
$ | 4,889 | $ | 256 | $ | 442 | $ | 39 | $ | 295 | ||||||||||
Residential mortgage-backed securities |
725 | 16 | 604 | 63 | 79 | |||||||||||||||
Other asset-backed securities |
507 | 6 | 144 | 71 | 77 | |||||||||||||||
Other |
1,838 | 85 | 222 | 16 | 101 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total2 |
$ | 7,959 | $ | 363 | $ | 1,412 | $ | 189 | $ | 552 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | As of December 31, 2014 and 2013, there were $66 million and $82 million, respectively, of unrealized losses related to available-for-sale securities with a fair value to amortized cost ratio of less than 80%. |
2 | Represents 541 and 816 available-for-sale securities in an unrealized loss position as of December 31, 2014 and 2013, respectively. |
Residential mortgage-backed securities are assessed for impairment using default estimates based on loan level data, where available. Where loan level data is not available, a proxy based on collateral characteristics is used. The impairment assessment considers loss severity as a function of multiple factors, including unpaid balance, interest rate, mortgage insurance ratios, assessed property value at origination, change in property value, loan-to-value (LTV) ratio at origination and prepayment speeds. Cash flows generated by the collateral are then utilized, along with consideration for the instruments position in the overall structure, to determine cash flows associated with the security.
Certain other asset-backed securities are assessed for impairment using expected cash flows based on various inputs, including default estimates based on the underlying corporate securities, historical and forecasted loss severities or other market inputs when recovery estimates are not feasible. When the collateral is regional bank and insurance company trust preferred securities, default estimates used to estimate cash flows are based on U.S. Bank Rating service data and broker research.
The Company believes the unrealized losses on these available-for-sale securities represent temporary fluctuations in economic factors that are not indicative of other-than-temporary impairment.
22
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Mortgage Loans, Net of Allowance
The following table summarizes the amortized cost of mortgage loans by method of evaluation for credit loss, and the related valuation allowances by type of credit loss, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
Amortized cost: |
||||||||
Loans with non-specific reserves |
$ | 7,279 | $ | 6,350 | ||||
Loans with specific reserves |
17 | 26 | ||||||
|
|
|
|
|||||
Total amortized cost |
$ | 7,296 | $ | 6,376 | ||||
Valuation allowance: |
||||||||
Non-specific reserves |
$ | 21 | $ | 29 | ||||
Specific reserves |
5 | 6 | ||||||
|
|
|
|
|||||
Total valuation allowance |
$ | 26 | $ | 35 | ||||
|
|
|
|
|||||
Mortgage loans, net of allowance |
$ | 7,270 | $ | 6,341 | ||||
|
|
|
|
The following table summarizes activity in the valuation allowance for mortgage loans, for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Balance at beginning of year |
$ | 35 | $ | 44 | $ | 60 | ||||||
Current period provision1 |
(8 | ) | (4 | ) | 2 | |||||||
Recoveries2 |
(1 | ) | (5 | ) | (15 | ) | ||||||
Charge offs and other |
| | (3 | ) | ||||||||
|
|
|
|
|
|
|||||||
Balance at end of year |
$ | 26 | $ | 35 | $ | 44 | ||||||
|
|
|
|
|
|
1 | Includes specific reserve provisions and all changes in non-specific reserves. |
2 | Includes recoveries on sales and increases in the valuation of loans with specific reserves. |
As of December 31, 2014 and 2013, the carrying values of commercial mortgage loans specifically reserved were $12 million and $20 million, respectively, which is net of $5 million and $6 million, respectively, in specific reserves.
Interest income recognized on impaired commercial mortgage loans was $1 million and $3 million for the years ended December 31, 2014 and 2013, respectively. The average recorded investment was $16 million and $30 million for the years ended December 31, 2014 and 2013, respectively.
As of December 31, 2014 and 2013, the Companys mortgage loans classified as delinquent and/or in non-accrual status were immaterial in relation to the total mortgage loan portfolio. The Company had no mortgage loans 90 days or more past due and still accruing interest.
Management evaluates the credit quality of individual mortgage loans and the portfolio as a whole through a number of loan quality measurements, including, but not limited to, LTV and debt service coverage (DSC) ratios. The LTV ratio is calculated as a ratio of the amortized cost of a loan to the estimated value of the underlying collateral. DSC is the amount of cash flow generated by the underlying collateral of the mortgage loan available to meet periodic interest and principal payments of the loan. This process identifies mortgage loans representing the lowest risk profile and lowest potential for loss and those representing the highest risk profile and highest potential for loss. These factors are updated and evaluated at least annually.
23
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes the LTV ratio and DSC ratios of the mortgage loan portfolio, as of the dates indicated:
LTV ratio | DSC ratio | |||||||||||||||||||||||||||||||
(in millions) |
Less than 80% |
80% - less than 90% |
90% or greater |
Total | Greater than 1.10 |
1.00- 1.10 |
Less than 1.00 |
Total | ||||||||||||||||||||||||
December 31, 2014 |
||||||||||||||||||||||||||||||||
Apartment |
$ | 2,156 | $ | 111 | $ | 17 | $ | 2,284 | $ | 2,252 | $ | 26 | $ | 6 | $ | 2,284 | ||||||||||||||||
Industrial |
1,131 | 34 | 35 | 1,200 | 1,048 | 89 | 63 | 1,200 | ||||||||||||||||||||||||
Office |
1,004 | 16 | 20 | 1,040 | 990 | 4 | 46 | 1,040 | ||||||||||||||||||||||||
Retail |
2,506 | 64 | 11 | 2,581 | 2,421 | 128 | 32 | 2,581 | ||||||||||||||||||||||||
Other |
191 | | | 191 | 191 | | | 191 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Total1 |
$ | 6,988 | $ | 225 | $ | 83 | $ | 7,296 | $ | 6,902 | $ | 247 | $ | 147 | $ | 7,296 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
December 31, 2013 |
||||||||||||||||||||||||||||||||
Apartment |
$ | 1,788 | $ | 52 | $ | 30 | $ | 1,870 | $ | 1,857 | $ | 6 | $ | 7 | $ | 1,870 | ||||||||||||||||
Industrial |
951 | 52 | 86 | 1,089 | 893 | 122 | 74 | 1,089 | ||||||||||||||||||||||||
Office |
837 | 30 | 38 | 905 | 800 | 43 | 62 | 905 | ||||||||||||||||||||||||
Retail |
2,236 | 41 | 21 | 2,298 | 2,214 | 61 | 23 | 2,298 | ||||||||||||||||||||||||
Other |
213 | | 1 | 214 | 214 | | | 214 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Total2 |
$ | 6,025 | $ | 175 | $ | 176 | $ | 6,376 | $ | 5,978 | $ | 232 | $ | 166 | $ | 6,376 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 | As of December 31, 2014, the weighted average DSC ratios for the respective LTV ratio ranges above were 1.97, 1.27 and 0.90, with a total weighted average DSC ratio of 1.93. As of December 31, 2014, the weighted average LTV ratios for the respective DSC ratio ranges above were 60%, 59% and 90%, with a total weighted average LTV ratio of 60%. |
2 | As of December 31, 2013, the weighted average DSC ratios for the respective LTV ratio ranges above were 1.77, 1.22 and 1.00, with a total weighted average DSC ratio of 1.74. As of December 31, 2013, the weighted average LTV ratios for the respective DSC ratio ranges above were 60%, 61% and 91%, with a total weighted average LTV ratio of 61%. |
While these loan quality measurements contribute to managements assessment of relative credit risk in the mortgage loan portfolio for the dates indicated, based on underwriting criteria and ongoing assessment of the properties performance, management believes the amounts, net of valuation allowance, are collectible.
Available-For-Sale Securities on Deposit, Held in Trust and Pledged as Collateral
Available-for-sale securities with a carrying value of $8 million were on deposit with various regulatory agencies as required by law as of December 31, 2014 and 2013. Additionally, available-for-sale securities with a carrying value of $683 million and $849 million were pledged as collateral to secure recoveries under reinsurance contracts and other funding agreements as of December 31, 2014 and 2013, respectively. These securities are primarily included in fixed maturity securities in the consolidated balance sheets.
Tax Credit Funds
The Company has sold $1.3 billion and $1.2 billion in Tax Credit Funds to unrelated third parties as of December 31, 2014 and 2013, respectively. The Company has guaranteed after-tax benefits to the third party investors through periods ending in 2029. The Company held immaterial reserves on these transactions as of December 31, 2014 and 2013. These guarantees are in effect for periods of approximately 15 years each. The Tax Credit Funds provide a stream of tax benefits to the investors that will generate a yield and return of capital. If the tax benefits are not sufficient to provide these cumulative after-tax yields, the Company must fund any shortfall. The maximum amount of undiscounted future payments that the Company could be required to pay the investors under the terms of the guarantees is $744 million, but the Company does not anticipate making any material payments related to the guarantees. The Companys risks are mitigated in the following ways: (1) the Company has the right to buyout the equity related to the guarantee under certain circumstances, (2) the Company may replace underperforming properties to mitigate exposure to guarantee payments and (3) the Company oversees the asset management of the deals.
24
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Consolidated VIEs
The Company has relationships with VIEs where the Company is the primary beneficiary. These consolidated VIEs are primarily made up of Tax Credit Funds with guarantees to limited partners. Net assets (controlling and noncontrolling interests) of all consolidated VIEs totaled $640 million and $680 million as of December 31, 2014 and 2013, respectively, and are included within the balance sheet primarily as other investments of $580 million, other assets of $109 million and other liabilities of $75 million as of December 31, 2014, other investments of $554 million, other assets of $182 million and other liabilities of $82 million as of December 31, 2013. The Companys general credit is not exposed to the creditors or beneficial interest holders of these consolidated VIEs.
Unconsolidated VIEs
In addition to the consolidated VIEs, the Company holds investments in VIEs where the Company is not the primary beneficiary, which are primarily investments in Tax Credit Funds without guarantees to limited partners. The carrying value of these investments was $113 million and $104 million as of December 31, 2014 and 2013, respectively. In addition, the Company has made commitments for further investments in these VIEs of $17 million and $29 million as of December 31, 2014 and 2013, respectively.
Net Investment Income
The following table summarizes net investment income, by investment type, for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Fixed maturity securities, available-for-sale |
$ | 1,575 | $ | 1,565 | $ | 1,506 | ||||||
Mortgage loans |
362 | 348 | 366 | |||||||||
Policy loans |
51 | 52 | 53 | |||||||||
Other |
(29 | ) | (57 | ) | (45 | ) | ||||||
|
|
|
|
|
|
|||||||
Gross investment income |
$ | 1,959 | $ | 1,908 | $ | 1,880 | ||||||
Investment expenses |
59 | 59 | 55 | |||||||||
|
|
|
|
|
|
|||||||
Net investment income |
$ | 1,900 | $ | 1,849 | $ | 1,825 | ||||||
|
|
|
|
|
|
Net Realized Investment Gains and Losses, Including Other-Than-Temporary Impairments
The following table summarizes net realized investment gains and losses, including other-than-temporary impairments, by source, for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Net realized derivative (losses) gains |
$ | (1,087 | ) | $ | 705 | $ | 314 | |||||
Realized gains on sales |
31 | 32 | 48 | |||||||||
Realized losses on sales |
(19 | ) | (54 | ) | (23 | ) | ||||||
Other |
2 | | 12 | |||||||||
|
|
|
|
|
|
|||||||
Net realized investment (losses) gains before other-than-temporary impairments on fixed maturity securities |
$ | (1,073 | ) | $ | 683 | $ | 351 | |||||
Other-than-temporary impairments on fixed maturity securities1 |
(5 | ) | (5 | ) | (32 | ) | ||||||
|
|
|
|
|
|
|||||||
Net realized investment (losses) gains, including other-than-temporary impairments |
$ | (1,078 | ) | $ | 678 | $ | 319 | |||||
|
|
|
|
|
|
1 | Other-than-temporary impairments on fixed maturity securities are net $1 million, $6 million and $36 million of non-credit losses included in other comprehensive income for the years ended December 31, 2014, 2013 and 2012, respectively. |
Proceeds from the sale of available-for-sale securities were $0.6 billion, $1.1 billion and $0.8 billion during the years ended December 31, 2014, 2013 and 2012, respectively. Gross gains of $17 million, $31 million and $47 million and gross losses of $10 million, $50 million and $20 million were realized on sales of available-for-sale securities during the years ended December 31, 2014, 2013 and 2012, respectively.
25
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes the cumulative credit losses, for the years ended:
(in millions) |
December 31, | |||||||||||
2014 | 2013 | 2012 | ||||||||||
Cumulative credit losses at beginning of year1 |
$ | (272 | ) | $ | (289 | ) | $ | (328 | ) | |||
New credit losses |
(2 | ) | (3 | ) | (18 | ) | ||||||
Incremental credit losses |
(4 | ) | (3 | ) | (10 | ) | ||||||
Losses related to securities included in the beginning balance sold or paid down during the period |
24 | 23 | 67 | |||||||||
|
|
|
|
|
|
|||||||
Cumulative credit losses at end of year1 |
$ | (254 | ) | $ | (272 | ) | $ | (289 | ) | |||
|
|
|
|
|
|
1 | Cumulative credit losses are defined as amounts related to the Companys credit portion of the other-than-temporary impairment losses on debt securities that the Company does not intend to sell and that it is not more likely than not the Company will be required to sell prior to recovery of the amortized cost basis. |
(7) | Derivative Instruments |
The Company is exposed to certain risks related to its ongoing business operations which are managed using derivative instruments.
Interest rate risk management. The Company uses interest rate contracts, primarily interest rate swaps, to reduce or alter interest rate exposure arising from mismatches between assets and liabilities. In the case of interest rate swaps, the Company enters into a contractual agreement with a counterparty to exchange, at specified intervals, the difference between fixed and variable rates of interest, calculated on a reference notional amount.
Interest rate swaps are used by the Company in association with fixed and variable rate investments to achieve cash flow streams that support certain financial obligations of the Company and to produce desired investment returns. As such, interest rate swaps are generally used to convert fixed rate cash flow streams to variable rate cash flow streams or vice versa. The Company also enters into interest rate swap transactions, which are structured to provide an offset against the negative impact of higher interest rates on the Companys capital position.
Equity market and interest rate risk management. The Company has a variety of variable annuity products with guaranteed benefit features. These products and related obligations expose the Company to various market risks, primarily equity and interest rate risks. Adverse changes in the equity markets or interest rate movements expose the Company to significant volatility. To mitigate these risks and hedge the guaranteed benefit obligations, the Company enters into a variety of derivatives including interest rate swaps, equity index futures, options and total return swaps.
Other risk management. As part of its regular investing activities, the Company may purchase foreign currency denominated investments. These investments and the associated income expose the Company to volatility associated with movements in foreign exchange rates. As foreign exchange rates change, the increase or decrease in the cash flows of the derivative instrument generally offsets the changes in the functional-currency equivalent cash flows of the hedged item. To mitigate this risk, the Company uses cross-currency swaps and futures, which are primarily included in other derivative contracts in the following tables.
Credit risk associated with derivatives transactions. The Company periodically evaluates the risks within the derivative portfolios due to credit exposure When evaluating this risk, the Company considers several factors which include, but are not limited to, the counterparty credit risk associated with derivative receivables, the Companys own credit as it relates to derivative payables, the collateral thresholds associated with each counterparty and changes in relevant market data in order to gain insight into the probability of default by the counterparty. In addition, the impact the Companys exposure to credit risk could have on the effectiveness of the Companys hedging relationships is considered. As of December 31, 2014 and 2013, the impact of the exposure to credit risk on the fair value measurement of derivatives and the effectiveness of the Companys hedging relationships was immaterial.
26
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes the fair value and related notional amounts of derivative instruments, as of the dates indicated:
Derivative assets | Derivative liabilities | |||||||||||||||
(in millions) |
Fair value | Notional | Fair value | Notional | ||||||||||||
December 31, 2014 |
||||||||||||||||
Derivatives designated and qualifying as hedging instruments |
$ | 29 | $ | 381 | $ | 9 | $ | 176 | ||||||||
Derivatives not designated as hedging instruments: |
||||||||||||||||
Interest rate contracts |
$ | 2,602 | $ | 32,829 | $ | 2,611 | $ | 32,756 | ||||||||
Equity contracts |
411 | 5,990 | | | ||||||||||||
Total return swaps |
| | 41 | 2,808 | ||||||||||||
Other derivative contracts |
| | 3 | 2 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total derivative instruments1 |
$ | 3,042 | $ | 39,200 | $ | 2,664 | $ | 35,742 | ||||||||
Accrued interest on derivative assets and liabilities |
243 | 244 | ||||||||||||||
|
|
|
|
|||||||||||||
Total derivative positions |
$ | 3,285 | $ | 2,908 | ||||||||||||
|
|
|
|
|||||||||||||
December 31, 2013 |
||||||||||||||||
Derivatives designated and qualifying as hedging instruments |
$ | 1 | $ | 6 | $ | 26 | $ | 345 | ||||||||
Derivatives not designated as hedging instruments: |
||||||||||||||||
Interest rate contracts |
$ | 1,787 | $ | 26,156 | $ | 2,100 | $ | 29,715 | ||||||||
Equity contracts |
343 | 6,556 | | | ||||||||||||
Total return swaps |
6 | 1,101 | 52 | 1,183 | ||||||||||||
Other derivative contracts |
| | 5 | 2 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total derivative instruments1 |
$ | 2,137 | $ | 33,819 | $ | 2,183 | $ | 31,245 | ||||||||
Accrued interest on derivative assets and liabilities |
196 | 227 | ||||||||||||||
|
|
|
|
|||||||||||||
Total derivative positions |
$ | 2,333 | $ | 2,410 | ||||||||||||
|
|
|
|
1 | Derivative assets and liabilities are included in other assets and other liabilities, respectively, in the consolidated balance sheets. |
Of the $3.3 billion and $2.3 billion of fair value of total derivative assets at December 31, 2014 and 2013, $2.6 billion and $1.7 billion, respectively, are subject to master netting agreements. The Company received $535 million and $382 million of cash collateral and held $64 million and $29 million, respectively, of securities as off-balance sheet collateral, resulting in an immaterial uncollateralized position as of December 31, 2014 and 2013. Of the $2.9 billion and $2.4 billion of fair value of total derivative liabilities at December 31, 2014 and 2013, $2.6 billion and $1.7 billion, respectively, are subject to master netting agreements. The Company posted $330 million and $435 million of cash collateral and pledged securities with a fair value of $174 million and $173 million, respectively, resulting in an immaterial uncollateralized position as of December 31, 2014 and 2013.
27
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes gains and losses for derivative instruments recognized in net realized investment gains and losses in the consolidated statements of operations, for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Derivatives designated and qualifying as hedging instruments |
$ | | $ | (1 | ) | $ | (1 | ) | ||||
Derivatives not designated as hedging instruments: |
||||||||||||
Interest rate contracts |
$ | 142 | $ | (209 | ) | $ | (125 | ) | ||||
Equity contracts |
(79 | ) | (776 | ) | (665 | ) | ||||||
Total return swaps |
(195 | ) | (321 | ) | (343 | ) | ||||||
Other derivative contracts |
4 | (9 | ) | (1 | ) | |||||||
Net interest settlements |
20 | 14 | 53 | |||||||||
|
|
|
|
|
|
|||||||
Total derivative losses1 |
$ | (108 | ) | $ | (1,302 | ) | $ | (1,082 | ) | |||
|
|
|
|
|
|
|||||||
Change in embedded derivatives on guaranteed benefit annuity programs2 |
(1,271 | ) | 1,751 | 1,185 | ||||||||
Other revenue on guaranteed benefit annuity programs |
292 | 256 | 211 | |||||||||
|
|
|
|
|
|
|||||||
Change in embedded derivative liabilities and related fees |
$ | (979 | ) | $ | 2,007 | $ | 1,396 | |||||
|
|
|
|
|
|
|||||||
Net realized derivative (losses) gains |
$ | (1,087 | ) | $ | 705 | $ | 314 | |||||
|
|
|
|
|
|
1 | Included in total derivative losses are economic hedging gains (losses) of $941 million, $(1.8) billion and $(827) million related to the guaranteed benefit annuity programs for the years ended December 31, 2014, 2013 and 2012, respectively. Also included are economic hedging (losses) gains of $(1.0) billion, $645 million and $(129) million, respectively, related to the program that protects against the negative impact of higher interest rates on the Companys statutory surplus position. |
2 | For the individual variable annuity business, the annual comprehensive review of model assumptions included a favorable impact for the years ended December 31, 2014 and 2013, primarily due to model enhancements and updated assumptions for discounting and benefit utilization, partially offset by mortality and lapse rates. |
28
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(8) | Fair Value Measurements |
The following table summarizes assets and liabilities held at fair value on a recurring basis as of December 31, 2014:
(in millions) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
||||||||||||||||
Investments: |
||||||||||||||||
Fixed maturity securities, available-for-sale: |
||||||||||||||||
U.S. government and agencies |
$ | 523 | $ | 1 | $ | 3 | $ | 527 | ||||||||
Obligations of states, political subdivisions and foreign governments |
66 | 2,219 | | 2,285 | ||||||||||||
Corporate public securities |
| 21,158 | 92 | 21,250 | ||||||||||||
Corporate private securities |
| 3,659 | 991 | 4,650 | ||||||||||||
Residential mortgage-backed securities |
1,034 | 2,796 | 9 | 3,839 | ||||||||||||
Commercial mortgage-backed securities |
| 1,499 | 3 | 1,502 | ||||||||||||
Other asset-backed securities |
| 1,196 | 169 | 1,365 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities, available-for-sale, at fair value |
$ | 1,623 | $ | 32,528 | $ | 1,267 | $ | 35,418 | ||||||||
Other investments at fair value1 |
42 | 899 | 36 | 977 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,665 | $ | 33,427 | $ | 1,303 | $ | 36,395 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative instruments - assets |
| 2,631 | 411 | 3,042 | ||||||||||||
Separate account assets |
84,583 | 1,387 | 2,106 | 88,076 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Assets at fair value |
$ | 86,248 | $ | 37,445 | $ | 3,820 | $ | 127,513 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Future policy benefits and claims: |
||||||||||||||||
Embedded derivatives on living benefits |
$ | | $ | | $ | (177 | ) | $ | (177 | ) | ||||||
Embedded derivatives on indexed products |
| | (84 | ) | (84 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total future policy benefits and claims |
$ | | $ | | $ | (261 | ) | $ | (261 | ) | ||||||
Derivative instruments - liabilities |
| (2,661 | ) | (3 | ) | (2,664 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities at fair value |
$ | | $ | (2,661 | ) | $ | (264 | ) | $ | (2,925 | ) | |||||
|
|
|
|
|
|
|
|
1 | Other investments at fair value includes $21 million of trading securities as of December 31, 2014. |
The following table presents the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis during the year ended December 31, 2014:
(in millions) |
Fixed maturity securities2 |
Other investments |
Derivative assets3 |
Separate account assets |
Total assets at fair value |
Liabilities at fair value3 |
||||||||||||||||||
Balance as of December 31, 2013 |
$ | 1,088 | $ | 45 | $ | 343 | $ | 2,083 | $ | 3,559 | $ | 1,005 | ||||||||||||
Net gains (losses) |
||||||||||||||||||||||||
In operations1 |
(5 | ) | 6 | 40 | 23 | 64 | (1,269 | ) | ||||||||||||||||
In other comprehensive income |
21 | 1 | | | 22 | | ||||||||||||||||||
Purchases |
121 | | 46 | | 167 | | ||||||||||||||||||
Sales |
(241 | ) | (16 | ) | (18 | ) | | (275 | ) | | ||||||||||||||
Transfers into Level 3 |
400 | | | | 400 | | ||||||||||||||||||
Transfers out of Level 3 |
(117 | ) | | | | (117 | ) | | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balance as of December 31, 2014 |
$ | 1,267 | $ | 36 | $ | 411 | $ | 2,106 | $ | 3,820 | $ | (264 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
1 | Net gains and losses included in operations are reported in net realized investment gains and losses and interest credited to policyholder accounts. The net unrealized gains on separate account assets are attributable to contractholders and therefore are not included in the Companys earnings. The change in unrealized (losses) gains included in operations on assets and liabilities still held at the end of the year was $(1.3) billion for future policy benefits and claims, $154 million for derivative assets, and $6 million for other investments at fair value. |
2 | Non-binding broker quotes were utilized to determine a fair value of $1.1 billion of total fixed maturity securities as of December 31, 2014. |
3 | Non-binding broker quotes were utilized to determine a fair value of all Level 3 derivative assets and liabilities. |
29
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Transfers into and out of Level 3 during the year ended December 31, 2014 are primarily due to certain corporate private securities, which changed pricing sources between broker quotes and independent pricing services. There were no material transfers between Levels 1 and 2 during the year ended December 31, 2014.
As discussed in Note 2, the valuation of embedded derivatives in living benefit guarantees and equity indexed products incorporates many inputs. Significant unobservable inputs for living benefit guarantees include discounting, index volatility, mortality, lapse rates, wait period and benefit utilization, while significant unobservable inputs for equity indexed products include mortality, lapse rates and index volatility. For both products, the Company derives these inputs, which vary widely by product, attained age, policy duration, benefits in the money (living benefit guarantees only) and the existence of surrender charges, from current experience and industry data. The fair value for these benefits is calculated using the mean of discounted cash flows across numerous random scenarios, an approach that is commonly used by the insurance industry for this type of valuation. This process considers a broader range of assumptions than what would be found in a deterministic approach.
Living Benefit Guarantees
The following table summarizes significant unobservable inputs used for fair value measurements for living benefits liabilities classified as Level 3 as of December 31, 2014:
Unobservable Inputs |
Range | |
Mortality |
0.1% - 8%² | |
Lapse |
0% - 35% | |
Wait period |
0 yrs - 30 yrs³ | |
Efficiency of benefit utilization1 |
65% -100% | |
Discount rate |
See footnote 4 | |
Index volatility |
15% - 25% |
1 | The unobservable input is not applicable to GMABs. |
2 | Represents the mortality for the majority of business with living benefits, with policyholders ranging from 45 to 85. |
3 | A portion of the contractholders could never use the benefit, which would extend the range to an indeterminate period. |
4 | Incorporates the liquidity and non-performance risk adjustment. The liquidity spread takes into consideration market observables for spreads in illiquid assets. The non-performance risk adjustment reflects an additional spread over LIBOR determined by market observables for similarly rated public bonds. |
The following changes in any of the significant unobservable inputs presented in the table above may result in a change in the fair value measurements of the living benefits liability:
Higher mortality rates tend to decrease the value of the liability and lower mortality rates tend to increase the value of the liability.
Higher lapse rates tend to decrease the value of the liability and lower lapse rates tend to increase the value of the liability. Factors that impact the predicted lapse rate can include: age, policy duration, policy size, benefit in-the-moneyness, tax status (i.e. qualified or non-qualified), interest rate levels and applicable surrender charges. All else being equal, policies that are in-the-money will have lower lapse rates than policies that are out-of-the-money, and policies that have a surrender charge present will have lower lapse rates than policies without a surrender charge.
The assumed wait period and the efficiency of utilization determine the timing and amount of living benefits withdrawals. These assumptions vary by the product type, age of the policyholder and policy duration. Many products have a bonus feature which enhances the guarantee on every policy anniversary for the first ten years so long as withdrawals have not commenced. All else being equal, policies commencing withdrawals at a time around the year ten bonus will have higher liability values than policies commencing withdrawals 20 years after issue or policies commencing withdrawals only one year after issue. In addition, policies that are assumed to withdraw the maximum permitted amount will have a higher liability value than a policy that is assumed to withdraw less than the maximum allowed amount.
A higher discount rate tends to decrease the value of the liability and a lower discount rate tends to increase the value of the liability.
Higher index volatility tends to increase the value of the liability and lower index volatility tends to decrease the value of the liability.
30
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Equity Indexed Products
The following table summarizes significant unobservable inputs used for fair value measurements for indexed universal life equity indexed products classified as Level 3 as of December 31, 2014:
Unobservable Inputs |
Range | |
Mortality |
0% - 4%¹ | |
Lapse |
0% - 10% | |
Index volatility |
15% - 25% |
1 | Represents the mortality for the majority of business, with policyholders ranging from 0 to 75. |
The following changes in any of the significant unobservable inputs presented in the table above may result in a change in the fair value measurements of the equity indexed products:
Higher mortality rates tend to decrease the value of the liability and lower mortality rates tend to increase the value of the liability.
Higher lapse rates tend to decrease the value of the liability and lower lapse rates tend to increase the value of the liability. Factors that impact the predicted lapse rate can include: age, policy duration, policy size, and applicable surrender charges. All else being equal, policies with a surrender charge present will have lower lapse rates than policies without a surrender charge.
Higher index volatility tends to increase the value of the liability and lower index volatility tends to decrease the value of the liability.
Separate Accounts
The Companys separate account assets include an investment in a mutual fund with a non-readily determinable fair value. Net asset value has been used to estimate the fair value of this investment as a practical expedient. The investments are included in Level 3 as they may not be redeemed until the guarantee period expires in 2016. The investment strategy of this fund is to build a portfolio where the assets shall be sufficient to achieve a target portfolio value by the end of the guarantee period. The net asset value of this fund reported in separate account assets was $1.7 billion as of December 31, 2014 and 2013.
31
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes assets and liabilities held at fair value on a recurring basis as of December 31, 2013:
(in millions) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
||||||||||||||||
Investments: |
||||||||||||||||
Fixed maturity securities, available-for-sale: |
||||||||||||||||
U.S. government and agencies |
$ | 557 | $ | 1 | $ | 3 | $ | 561 | ||||||||
Obligations of states, political subdivisions and foreign governments |
63 | 1,900 | | 1,963 | ||||||||||||
Corporate public securities |
1 | 18,705 | 79 | 18,785 | ||||||||||||
Corporate private securities |
| 3,791 | 803 | 4,594 | ||||||||||||
Residential mortgage-backed securities |
791 | 3,203 | 9 | 4,003 | ||||||||||||
Commercial mortgage-backed securities |
| 1,504 | | 1,504 | ||||||||||||
Other asset-backed securities |
| 645 | 194 | 839 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities, available-for-sale, at fair value |
$ | 1,412 | $ | 29,749 | $ | 1,088 | $ | 32,249 | ||||||||
Other investments at fair value1 |
64 | 357 | 45 | 466 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,476 | $ | 30,106 | $ | 1,133 | $ | 32,715 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative instruments - assets |
| 1,794 | 343 | 2,137 | ||||||||||||
Separate account assets |
80,647 | 1,339 | 2,083 | 84,069 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Assets at fair value |
$ | 82,123 | $ | 33,239 | $ | 3,559 | $ | 118,921 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Future policy benefits and claims: |
||||||||||||||||
Embedded derivatives on living benefits |
$ | | $ | | $ | 1,094 | $ | 1,094 | ||||||||
Embedded derivatives on indexed products |
| | (84 | ) | (84 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total future policy benefits and claims |
$ | | $ | | $ | 1,010 | $ | 1,010 | ||||||||
Derivative instruments - liabilities |
| (2,178 | ) | (5 | ) | (2,183 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities at fair value |
$ | | $ | (2,178 | ) | $ | 1,005 | $ | (1,173 | ) | ||||||
|
|
|
|
|
|
|
|
1 | Other investments at fair value includes $31 million of trading securities as of December 31, 2013. |
The following table presents the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis during the year ended December 31, 2013:
(in millions) |
Fixed maturity securities2 |
Other investments |
Derivative assets3 |
Separate account assets |
Total assets at fair value |
Liabilities at fair value3 |
||||||||||||||||||
Balance as of December 31, 2012 |
$ | 1,197 | $ | 62 | $ | 822 | $ | 2,025 | $ | 4,106 | $ | (753 | ) | |||||||||||
Net gains (losses) |
||||||||||||||||||||||||
In operations1 |
(1 | ) | (6 | ) | (447 | ) | 58 | (396 | ) | 1,758 | ||||||||||||||
In other comprehensive income |
1 | 6 | | | 7 | | ||||||||||||||||||
Purchases |
115 | 5 | 129 | | 249 | | ||||||||||||||||||
Sales |
(232 | ) | (22 | ) | (161 | ) | | (415 | ) | | ||||||||||||||
Transfers into Level 3 |
142 | | | | 142 | | ||||||||||||||||||
Transfers out of Level 3 |
(134 | ) | | | | (134 | ) | | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balance as of December 31, 2013 |
$ | 1,088 | $ | 45 | $ | 343 | $ | 2,083 | $ | 3,559 | $ | 1,005 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
1 | Net gains and losses included in operations are reported in net realized investment gains and losses and interest credited to policyholder accounts. The net unrealized gains on separate account assets are attributable to contractholders and therefore are not included in the Companys earnings. The change in unrealized gains (losses) included in operations on assets and liabilities still held as of the end of the year was $1.8 billion for future policy benefits and claims, $(297) million for derivative assets and $(6) million for other investments at fair value. |
2 | Non-binding broker quotes were utilized to determine a fair value of $924 million of total fixed maturity securities as of December 31, 2013. |
3 | Non-binding broker quotes were utilized to determine a fair value of all Level 3 derivative assets and liabilities. |
Transfers into and out of Level 3 during the year ended December 31, 2013 are primarily due to certain corporate private securities and other asset-backed securities, which changed pricing sources between broker quotes and independent pricing services. There were no transfers between Levels 1 and 2 during the year ended December 31, 2013.
32
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Financial Instruments Not Carried at Fair Value
The following table summarizes the carrying value and fair value of the Companys financial instruments not carried at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described below.
December 31, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||
(in millions) |
Carrying value |
Fair value |
Level 2 | Level 3 | Carrying value |
Fair value |
Level 2 | Level 3 | ||||||||||||||||||||||||
Assets |
||||||||||||||||||||||||||||||||
Investments: |
||||||||||||||||||||||||||||||||
Mortgage loans, net of allowance |
$ | 7,270 | $ | 7,616 | $ | | $ | 7,616 | $ | 6,341 | $ | 6,481 | $ | | $ | 6,481 | ||||||||||||||||
Policy loans |
$ | 992 | $ | 992 | $ | | $ | 992 | $ | 987 | $ | 987 | $ | | $ | 987 | ||||||||||||||||
Other investments |
$ | 60 | $ | 60 | $ | | $ | 60 | $ | 43 | $ | 43 | $ | | $ | 43 | ||||||||||||||||
Liabilities |
||||||||||||||||||||||||||||||||
Investment contracts |
$ | 23,470 | $ | 21,742 | $ | | $ | 21,742 | $ | 21,874 | $ | 20,436 | $ | | $ | 20,436 | ||||||||||||||||
Short-term debt |
$ | 660 | $ | 660 | $ | | $ | 660 | $ | 278 | $ | 278 | $ | | $ | 278 | ||||||||||||||||
Long-term debt |
$ | 709 | $ | 1,069 | $ | 1,060 | $ | 9 | $ | 707 | $ | 1,004 | $ | 997 | $ | 7 |
Mortgage loans, net of allowance. The fair values of mortgage loans are estimated using discounted cash flow analyses based on interest rates currently being offered for similar loans to borrowers with similar credit ratings.
Policy loans. The carrying amount reported in the consolidated balance sheets approximates fair value.
Other investments. Other investments not held at fair value consist of FHLB stock. The carrying amount reported in the consolidated balance sheets approximates fair value.
Investment contracts. For investment contracts without defined maturities, fair value is the amount payable on demand, net of surrender charges. For investment contracts with known or determined maturities, fair value is estimated using discounted cash flow analysis. Interest rates used in this analysis are similar to currently offered contracts with maturities consistent with those remaining for the contracts being valued. The fair value of adjustable rate contracts approximates their carrying value.
Short-term debt. The carrying amount reported in the consolidated balance sheets approximates fair value.
Long-term debt. The fair values for long-term debt are based on estimated market prices using observable inputs from similar debt instruments.
(9) | Goodwill |
The following table summarizes changes in the carrying value of goodwill by segment for the years indicated:
(in millions) |
Retirement Plans |
Individual Products & Solutions - Life and NBSG |
Total | |||||||||
Balance as of December 31, 20121 |
$ | 25 | $ | 175 | $ | 200 | ||||||
Adjustments |
| | | |||||||||
|
|
|
|
|
|
|||||||
Balance as of December 31, 20131 |
$ | 25 | $ | 175 | $ | 200 | ||||||
Adjustments |
| | | |||||||||
|
|
|
|
|
|
|||||||
Balance as of December 31, 20141 |
$ | 25 | $ | 175 | $ | 200 | ||||||
|
|
|
|
|
|
1 | The goodwill balances have not been previously impaired. |
33
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(10) | Closed Block |
The amounts shown in the following tables for assets, liabilities, revenues and expenses of the closed block are those that enter into the determination of amounts that are to be paid to policyholders.
The following table summarizes financial information for the closed block, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
Liabilities: |
||||||||
Future policyholder benefits |
$ | 1,669 | $ | 1,703 | ||||
Policyholder funds and accumulated dividends |
139 | 141 | ||||||
Policyholder dividends payable |
22 | 23 | ||||||
Policyholder dividend obligation |
152 | 113 | ||||||
Other policy obligations and liabilities |
33 | 29 | ||||||
|
|
|
|
|||||
Total liabilities |
$ | 2,015 | $ | 2,009 | ||||
|
|
|
|
|||||
Assets: |
||||||||
Fixed maturity securities, available-for-sale |
$ | 1,336 | $ | 1,320 | ||||
Mortgage loans, net of allowance |
272 | 257 | ||||||
Policy loans |
149 | 157 | ||||||
Other assets |
86 | 93 | ||||||
|
|
|
|
|||||
Total assets |
$ | 1,843 | $ | 1,827 | ||||
|
|
|
|
|||||
Excess of reported liabilities over assets |
172 | 182 | ||||||
|
|
|
|
|||||
Portion of above representing other comprehensive income: |
||||||||
Increase (decrease) in unrealized gain on fixed maturity securities, available-for-sale |
$ | 35 | $ | (92 | ) | |||
Adjustment to policyholder dividend obligation |
(35 | ) | 92 | |||||
|
|
|
|
|||||
Total |
$ | | $ | | ||||
|
|
|
|
|||||
Maximum future earnings to be recognized from assets and liabilities |
$ | 172 | $ | 182 | ||||
|
|
|
|
|||||
Other comprehensive income: |
||||||||
Fixed maturity securities, available-for-sale: |
||||||||
Fair value |
$ | 1,336 | $ | 1,320 | ||||
Amortized cost |
1,216 | 1,235 | ||||||
Shadow policyholder dividend obligation |
(120 | ) | (85 | ) | ||||
|
|
|
|
|||||
Net unrealized appreciation |
$ | | $ | | ||||
|
|
|
|
34
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes closed block operations for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Revenues: |
||||||||||||
Premiums |
$ | 61 | $ | 66 | $ | 73 | ||||||
Net investment income |
93 | 94 | 98 | |||||||||
Realized investment gains |
1 | | 1 | |||||||||
Realized losses credited to policyholder benefit obligation |
(5 | ) | (4 | ) | (5 | ) | ||||||
|
|
|
|
|
|
|||||||
Total revenues |
$ | 150 | $ | 156 | $ | 167 | ||||||
|
|
|
|
|
|
|||||||
Benefits and expenses: |
||||||||||||
Policy and contract benefits |
$ | 124 | $ | 123 | $ | 134 | ||||||
Change in future policyholder benefits and interest credited to policyholder accounts |
(34 | ) | (29 | ) | (27 | ) | ||||||
Policyholder dividends |
43 | 44 | 50 | |||||||||
Change in policyholder dividend obligation |
(1 | ) | 3 | (8 | ) | |||||||
Other expenses |
2 | (2 | ) | 1 | ||||||||
|
|
|
|
|
|
|||||||
Total benefits and expenses |
$ | 134 | $ | 139 | $ | 150 | ||||||
|
|
|
|
|
|
|||||||
Total revenues, net of benefits and expenses, before federal income tax expense |
$ | 16 | $ | 17 | $ | 17 | ||||||
Federal income tax expense |
6 | 6 | 6 | |||||||||
|
|
|
|
|
|
|||||||
Revenues, net of benefits and expenses and federal income tax expense |
$ | 10 | $ | 11 | $ | 11 | ||||||
|
|
|
|
|
|
|||||||
Maximum future earnings from assets and liabilities: |
||||||||||||
Beginning of period |
$ | 182 | $ | 193 | $ | 204 | ||||||
Change during period |
(10 | ) | (11 | ) | (11 | ) | ||||||
|
|
|
|
|
|
|||||||
End of period |
$ | 172 | $ | 182 | $ | 193 | ||||||
|
|
|
|
|
|
Cumulative closed block earnings from inception through December 31, 2014, 2013 and 2012 were higher than expected as determined in the actuarial calculation. Therefore, policyholder dividend obligations (excluding the adjustment for unrealized gains on available-for-sale securities) were $32 million, $28 million and $21 million as of December 31, 2014, 2013 and 2012, respectively.
35
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(11) | Short-Term Debt |
The Company classifies debt as short-term if the maturity date at inception is less than one year.
The following table summarizes the carrying value of short-term debt and weighted average annual interest rates, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
$600 million commercial paper program (0.20% and 0.24%, respectively) |
$ | 264 | $ | 278 | ||||
$400 million revolving variable rate line of credit (1.57% and 0.00%, respectively) |
396 | | ||||||
|
|
|
|
|||||
Total short-term debt |
$ | 660 | $ | 278 | ||||
|
|
|
|
In November 2014, the Company entered into a $400 million unsecured revolving promissory note and line of credit agreement with its parent company, NFS. Outstanding principal balances of the line of credit bear interest at the rate of six-month London Interbank Offered Rate (LIBOR) plus 1.25%. Interest is due and payable as of the last day of each interest period, as defined in the agreement, while there are outstanding principal balances. Under the terms of the agreement, the Company may borrow, repay and re-borrow advances under the line of credit at any time prior to the termination of the note, which, among other conditions, is November 2015, subject to automatic renewal for additional one year periods unless either party terminates the agreement. In February 2015, the Company repaid $200 million of the outstanding balance.
In March 2014, the Company renewed an agreement to extend its ability to borrow with the FHLB. This extension, which expires on March 27, 2015, allows the Company access to borrow up to $250 million, which would be collateralized by pledged securities. The Company had $8.5 billion and $4.3 billion in eligible collateral and no amounts outstanding under the agreement as of December 31, 2014 and 2013, respectively. Additionally, as part of the agreement, NLIC purchased $25 million in capital stock with the FHLB.
NMIC, NFS, and NLIC have a $600 million revolving variable rate credit facility that matures on May 6, 2015. NLIC had no amounts outstanding under the facility as of December 31, 2014 and 2013.
The Company has entered into an agreement with its custodial bank to borrow against the cash collateral that is posted in connection with its securities lending program. The maximum amount available under the agreement is $350 million. The borrowing rate on this program is equal to one-month U.S. LIBOR. The Company had no amounts outstanding under this agreement as of December 31, 2014 and 2013.
The terms of each debt instrument contain various restrictive covenants, including, but not limited to, minimum statutory surplus and minimum net worth requirements, and maximum debt to statutory surplus leverage ratio requirements, as defined in the agreements. The Company was in compliance with all covenants as of December 31, 2014 and 2013.
The amount of interest paid on short-term debt was immaterial in 2014, 2013 and 2012.
(12) | Long-Term Debt |
The following table summarizes the carrying value of long-term debt, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
8.15% surplus note, due June 26, 2032, payable to NFS |
$ | 300 | $ | 300 | ||||
7.50% surplus note, due December 17, 2031, payable to NFS |
300 | 300 | ||||||
6.75% surplus note, due December 23, 2033, payable to NFS |
100 | 100 | ||||||
Other |
9 | 7 | ||||||
|
|
|
|
|||||
Total long-term debt |
$ | 709 | $ | 707 | ||||
|
|
|
|
On December 31, 2010, Olentangy Reinsurance, LLC (Olentangy), a special purpose financial captive insurance company subsidiary of NLAIC domiciled in the State of Vermont, issued a variable funding surplus note due on December 31, 2040 to Nationwide Corporation, a majority-owned subsidiary of NMIC. In June 2013, the Company paid the outstanding balance of the surplus note. The Company made interest payments on the surplus note totaling $5 million during 2013 prior to the repayment of the outstanding balance. Payments of interest and principal under the notes require the prior approval of the State of Vermont.
The Company made interest payments to NFS on surplus notes totaling $54 million for the years ended December 31, 2014, 2013 and 2012. Payments of interest and principal under the notes require the prior approval of the ODI.
36
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(13) | Federal Income Taxes |
The following table summarizes the components of federal income tax (benefit) expense for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Current tax expense (benefit) |
$ | 5 | $ | (33 | ) | $ | (144 | ) | ||||
Deferred tax (benefit) expense |
(152 | ) | 346 | 243 | ||||||||
|
|
|
|
|
|
|||||||
Total tax (benefit) expense |
$ | (147 | ) | $ | 313 | $ | 99 | |||||
|
|
|
|
|
|
The following table summarizes how the total federal income tax (benefit) expense differs from the amount computed by applying the U.S. federal income tax rate to net (loss) income for the years ended:
December 31, | ||||||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||||
(in millions) |
Amount | % | Amount | % | Amount | % | ||||||||||||||||||
Rate reconciliation: |
||||||||||||||||||||||||
Computed (expected tax (benefit) expense) |
$ | (46 | ) | 35 | % | $ | 469 | 35 | % | $ | 245 | 35 | % | |||||||||||
Dividends received deduction |
(87 | ) | 66 | % | (112 | ) | (8 | )% | (75 | ) | (11 | )% | ||||||||||||
Tax credits |
(53 | ) | 41 | % | (82 | ) | (6 | )% | (85 | ) | (12 | )% | ||||||||||||
Other, net |
39 | (30 | )% | 38 | 2 | % | 14 | 2 | % | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | (147 | ) | 112 | % | $ | 313 | 23 | % | $ | 99 | 14 | % | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The Companys current federal income tax liability was $18 million and $13 million as of December 31, 2014 and 2013, respectively.
The Company made immaterial payments for the year ended December 31, 2014 and received refunds of $107 million and $95 million for the years ended 2013 and 2012, respectively.
During 2014 and 2013, the Company recorded a tax expense (benefit) of $16 million and $(13) million, respectively. These changes in estimates were primarily driven by differences in the Companys separate account dividends received deduction (DRD) between the previous years estimate and the amount reported on the previous years tax return. No material changes in estimated income tax expense were recorded in 2012.
As of December 31, 2014, the Company had gross federal net operating loss carryforwards of $332 million, which expire in 2028. In addition, the Company had $147 million in low-income-housing credit carryforwards, which expire between 2024 and 2034, and $155 million in alternative minimum tax credit carryforwards, which have an unlimited carryforward. In addition, the Company had $53 million in foreign tax credit carryforwards which expire between 2019 and 2024. The Company expects to fully utilize all carryforwards.
37
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following table summarizes the tax effects of temporary differences that gave rise to significant components of the net deferred tax liability included in other liabilities in the consolidated balance sheets, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2014 | 2013 | ||||||
Deferred tax assets |
||||||||
Future policy benefits and claims |
$ | 1,274 | $ | 1,244 | ||||
Tax credit carryforwards |
355 | 352 | ||||||
Other |
840 | 845 | ||||||
|
|
|
|
|||||
Gross deferred tax assets |
$ | 2,469 | $ | 2,441 | ||||
Valuation allowance |
(17 | ) | (17 | ) | ||||
|
|
|
|
|||||
Net deferred tax assets |
$ | 2,452 | $ | 2,424 | ||||
|
|
|
|
|||||
Deferred tax liabilities |
||||||||
Deferred policy acquisition costs |
$ | (1,113 | ) | $ | (1,048 | ) | ||
Available-for-sale securities |
(1,201 | ) | (821 | ) | ||||
Derivatives, including embedded derivatives |
(267 | ) | (600 | ) | ||||
Other |
(269 | ) | (255 | ) | ||||
|
|
|
|
|||||
Gross deferred tax liabilities |
$ | (2,850 | ) | $ | (2,724 | ) | ||
|
|
|
|
|||||
Net deferred tax liability |
$ | (398 | ) | $ | (300 | ) | ||
|
|
|
|
In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion of the total gross deferred tax assets will not be realized. Valuation allowances are established when necessary to reduce the deferred tax assets to amounts expected to be realized. Based on the Companys analysis, it is more likely than not that the results of future operations and the implementation of tax planning strategies will generate sufficient taxable income to enable the Company to realize the deferred tax assets for which the Company has not established valuation allowances.
The following table is a rollforward of the beginning and ending uncertain tax positions, including permanent and temporary differences, but excluding interest and penalties:
(in millions) |
2014 | 2013 | 2012 | |||||||||
Balance at beginning of period |
$ | 36 | $ | 36 | $ | 76 | ||||||
Additions for current year tax positions |
3 | 2 | (2 | ) | ||||||||
Additions for prior years tax positions |
| | 25 | |||||||||
Reductions for prior years tax positions |
(1 | ) | (2 | ) | (63 | ) | ||||||
|
|
|
|
|
|
|||||||
Balance at end of period |
$ | 38 | $ | 36 | $ | 36 | ||||||
|
|
|
|
|
|
The Company believes it is reasonably possible that the 2006 to 2010 IRS audit for the NLICs consolidated tax returns will be effectively settled within the next 12 months and as a result the liability for unrecognized tax benefits could decrease $15 million.
The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company is no longer subject to U.S. federal, state or local income tax examinations by tax authorities through the 2005 tax year. In 2013, the IRS commenced an examination of the Companys U.S. income tax returns for the years 2009 through 2010. Any adjustments that may result from IRS examination of tax returns are not expected to have a material effect on the results of operations, cash flows or financial position of the Company.
38
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(14) | Statutory Financial Information |
Statutory Results
The Companys life insurance subsidiaries prepare their statutory financial statements in conformity with the statutory accounting practices prescribed and permitted by insurance regulatory authorities, subject to any deviations prescribed or permitted by the applicable state departments of insurance. Olentangy was granted a permitted practice from the State of Vermont that changed NLAICs valuation of this subsidiary by $66 million as of December 31, 2014 and 2013, which also allowed NLIC to admit additional deferred tax assets of $10 million as of December 31, 2014 and 2013. Statutory accounting practices focus on insurer solvency and differ materially from GAAP primarily due to charging policy acquisition and other costs to expense as incurred, establishing future policy benefits and claims reserves based on different actuarial assumptions, excluding certain assets from statutory admitted assets and valuing investments and establishing deferred taxes on a different basis.
The following table summarizes the statutory net income (loss) and statutory capital and surplus for the Companys primary life insurance subsidiaries for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Statutory net income (loss) |
||||||||||||
NLIC |
$ | 341 | $ | 262 | $ | 764 | ||||||
NLAIC |
$ | (122 | ) | $ | (103 | ) | $ | (54 | ) | |||
Statutory capital and surplus |
||||||||||||
NLIC |
$ | 4,408 | $ | 3,550 | $ | 3,837 | ||||||
NLAIC |
$ | 691 | $ | 534 | $ | 311 | ||||||
|
|
|
|
|
|
Dividend Restrictions
The payment of dividends by NLIC is subject to restrictions set forth in the insurance laws and regulations of the State of Ohio, its domiciliary state. The State of Ohio insurance laws require Ohio-domiciled life insurance companies to seek prior regulatory approval to pay a dividend or distribute cash or other property if the fair market value thereof, together with that of other dividends or distributions made in the preceding twelve months, exceeds the greater of (1) 10% of statutory-basis policyholders surplus as of the prior December 31 or (2) the statutory-basis net income of the insurer for the prior year. During the years ended December 31, 2014 and 2013, NLIC did not pay any dividends to NFS. During the year ended December 31, 2012, NLIC paid a cash dividend of $40 million to NFS. As of January 1, 2015, NLIC has the ability to pay dividends to NFS totaling $441 million without obtaining prior approval.
The State of Ohio insurance laws also require insurers to seek prior regulatory approval for any dividend paid from other than earned surplus. Earned capital and surplus is defined under the State of Ohio insurance laws as the amount equal to the Companys unassigned funds as set forth in its most recent statutory financial statements, including net unrealized capital gains and losses or revaluation of assets. Additionally, following any dividend, an insurers policyholder capital and surplus must be reasonable in relation to the insurers outstanding liabilities and adequate for its financial needs. The payment of dividends by the Company may also be subject to restrictions set forth in the insurance laws of the State of New York that limit the amount of statutory profits on the Companys participating policies (measured before dividends to policyholders) available for the benefit of the Company and its stockholders.
The Company currently does not expect such regulatory requirements to impair the ability to pay operating expenses and dividends in the future.
Regulatory Risk-Based Capital
The National Association of Insurance Commissioners (NAIC) Risk-Based Capital (RBC) model law requires every insurer to calculate its total adjusted capital and RBC requirement to ensure insurer solvency. Regulatory guidelines provide for an insurance commissioner to intervene if the insurer experiences financial difficulty, as evidenced by a companys total adjusted capital falling below established relationships to required RBC. The model includes components for asset risk, liability risk, interest rate exposure and other factors. The State of Ohio, where NLIC and NLAIC are domiciled, imposes minimum RBC requirements that are developed by the NAIC. The formulas in the model for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, all of which require specified corrective action. NLIC, NLAIC and Olentangy each exceeded the minimum RBC requirements for all periods presented.
39
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(15) | Related Party Transactions |
The Company has entered into significant, recurring transactions and agreements with NMIC, other affiliates and subsidiaries as a part of its ongoing operations. These include annuity and life insurance contracts, employee benefit plans, office space cost sharing arrangements, and agreements related to reinsurance, cost sharing, administrative services, marketing, intercompany loans, intercompany repurchases, cash management services and software licensing. Measures used to allocate expenses among companies include individual employee estimates of time spent, special cost studies, the number of full-time employees, commission expense and other methods agreed to by the participating companies.
In addition, Nationwide Services Company, LLC (NSC), a subsidiary of NMIC, provides data processing, systems development, hardware and software support, telephone, mail and other services to the Company, based on specified rates for units of service consumed. For the years ended December 31, 2014, 2013 and 2012, the Company made payments to NMIC and NSC totaling $275 million, $277 million and $283 million, respectively.
The Company has issued group annuity and life insurance contracts and performs administrative services for various employee benefit plans sponsored by NMIC or its affiliates. Total account values of these contracts were $3.3 billion as of December 31, 2014 and 2013. Total revenues from these contracts were $131 million, $137 million and $140 million for the years ended December 31, 2014, 2013 and 2012, respectively, and include policy charges, net investment income from investments backing the contracts and administrative fees. Total interest credited to the account balances was $109 million for the years ended December 31, 2014 and 2013, and $113 million for the year ended December 31, 2012. The terms of these contracts are materially consistent with what the Company offers to unaffiliated parties.
The Company has a cost sharing arrangement with NMIC to occupy office space. The Company made payments to NMIC of $16 million for the years ended December 31, 2014 and 2013, and $15 million for the year ended December 31, 2012. In addition, an affiliate of NMIC has a cost sharing arrangement with the Company to occupy office space.
NLIC has a reinsurance agreement with NMIC whereby all of NLICs accident and health business not ceded to unaffiliated reinsurers is ceded to NMIC on a modified coinsurance basis. Either party may terminate the agreement on January 1 of any year with prior notice. Under a modified coinsurance agreement, the ceding company retains invested assets, and investment earnings are paid to the reinsurer. Under the terms of NLICs agreements, the investment risk associated with changes in interest rates is borne by the reinsurer. The ceding of risk does not discharge the original insurer from its primary obligation to the policyholder. The Company believes that the terms of the modified coinsurance agreements are consistent in all material respects with what the Company could have obtained with unaffiliated parties. Revenues ceded to NMIC for the years ended December 31, 2014, 2013 and 2012 were $208 million, $179 million and $161 million, respectively, while benefits, claims and expenses ceded during these years were $217 million, $178 million and $167 million, respectively.
Funds of Nationwide Funds Group (NFG), an affiliate, are offered to the Companys customers as investment options in certain of the Companys products. As of December 31, 2014 and 2013, customer allocations to NFG funds totaled $58.1 billion and $53.2 billion, respectively. For the years ended December 31, 2014, 2013 and 2012, NFG paid the Company $185 million, $163 million and $144 million, respectively, for the distribution and servicing of these funds.
Amounts on deposit with NCMC for the benefit of the Company were $636 million and $228 million as of December 31, 2014 and 2013, respectively.
Refer to Note 12 for discussion of variable funding surplus note between Olentangy Reinsurance, LLC and Nationwide Corporation.
Nationwide Bank has a line of credit agreement with NLIC that allows the Bank access to borrow up to $50 million from NLIC. The borrowing rate on the line of credit is equal to the daily Prime Rate. The Bank had no amounts outstanding under this agreement as of December 31, 2014 and 2013.
Certain annuity products are sold through affiliated companies, which are also subsidiaries of NFS. Total commissions and fees paid to these affiliates were $57 million for the year ended December 31, 2014, and $54 million for the years ended December 31, 2013 and 2012.
The Company provides financing to Nationwide Realty Investors, LTD, a subsidiary of NMIC. As of December 31, 2014 and 2013, the Company had notes receivable outstanding of $142 million and $146 million, respectively.
40
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(16) | Contingencies |
Legal and Regulatory Matters
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. The Companys legal and regulatory matters include proceedings specific to the Company and other proceedings generally applicable to business practices in the industries in which the Company operates. These matters are subject to many uncertainties, and given their complexity and scope, their outcomes cannot be predicted. Regulatory proceedings could also affect the outcome of one or more of the Companys litigation matters. Furthermore, it is often not possible to determine the ultimate outcomes of the pending regulatory investigations and legal proceedings or to provide reasonable ranges of potential losses with any degree of certainty. Some matters, including certain of those referred to below, are in very preliminary stages, and the Company does not have sufficient information to make an assessment of the plaintiffs claims for liability or damages. In some of the cases seeking to be certified as class actions, the court has not yet decided whether a class will be certified or (in the event of certification) the size of the class and class period. In many of the cases, the plaintiffs are seeking undefined amounts of damages or other relief, including punitive damages and equitable remedies, which are difficult to quantify and cannot be defined based on the information currently available. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory matters is not likely to have a material adverse effect on the Companys consolidated financial position. Nonetheless, given the large or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation, it is possible that such outcomes could materially affect the Companys consolidated financial position or results of operations in a particular quarter or annual period.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS and state insurance authorities. Such regulatory entities may, in the normal course, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. The financial services industry has been the subject of increasing scrutiny in connection with a broad spectrum of regulatory issues; with respect to all such scrutiny directed at the Company and/or its affiliates, the Company is cooperating with regulators. The Company will cooperate with NMIC insofar as any inquiry, examination or investigation encompasses NMICs operations.
On August 15, 2001, NFS and NLIC were named in a lawsuit filed in the United States District Court for the District of Connecticut entitled Lou Haddock, as trustee of the Flyte Tool & Die, Incorporated Deferred Compensation Plan, et al v. Nationwide Financial Services, Inc. and Nationwide Life Insurance Company. On November 18, 2009, the plaintiffs filed a sixth amended complaint amending the list of named plaintiffs and claiming to represent a class of qualified retirement plan trustees under the Employee Retirement Income Security Act of 1974 (ERISA) that purchased variable annuities from NLIC. The plaintiffs allege that they invested ERISA plan assets in their variable annuity contracts and that NLIC and NFS breached ERISA fiduciary duties by allegedly accepting service payments from certain mutual funds. The complaint seeks damages in an amount equivalent to some or all of the payments allegedly received by NFS and NLIC, other unspecified relief for restitution, declaratory and injunctive relief and attorneys fees. On November 6, 2009, the Court granted the plaintiffs motion for class certification. On October 21, 2010, the District Court dismissed NFS from the lawsuit. On February 6, 2012, the Second Circuit Court of Appeals vacated the November 6, 2009 order granting class certification and remanded the case back to the District Court for further consideration. On September 6, 2013, the District Court granted the plaintiffs motion for class certification. On December 11, 2014, the plaintiffs filed a seventh amended complaint adding another sub class of defendants that held trust platform products. On December 11, 2014, the plaintiffs filed a motion for preliminary approval of settlement. On January 5, 2015, the Court signed the Order Preliminarily Approving Settlement and Approving Form and Manner of Notice. A Fairness Hearing has been set for March 31, 2015. NLIC has made adequate provision for all probable and reasonably estimable losses associated with this settlement.
Lehman Brothers Holdings, Inc. (Debtors) and Giddens, James v NLIC and NMIC, et al. In 2012, the Plaintiff, Debtor in Possession Lehman Brothers Special Financing, Inc., filed a class action in the United States Bankruptcy Court for the Southern District of New York seeking the recovery of certain assets from approximately 200 defendants, including NLIC and NMIC (the Distributed Action). The claims against NLIC and NMIC arise from the bankruptcy filings in 2008 of the Plaintiff and its parent company, Lehman Brothers Holding, Inc., which triggered the early termination of two collateralized debt obligation transactions, resulting in payments to NLIC and NMIC. The Plaintiff seeks to have certain sums returned to the bankruptcy estate in addition to prejudgment interest and costs. In 2013, Plaintiff sent correspondence to all defendants inviting settlement discussions and served NMIC and NLIC with a SPV Derivatives ADR Notice, formally starting the Alternative Dispute Resolution process. NMIC and NLIC responded, taking part in the ADR process, including a mediation. On July 17, 2014, the parties reached a settlement of this matter. On December 8, 2014, the settlement agreements were finalized and executed. Nationwide has issued the settlement payment, was dismissed from the case with prejudice on December 31, 2014, and this matter will shortly be closed.
41
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Indemnifications
In the normal course of business, the Company provides standard indemnifications to contractual counterparties. The types of indemnifications typically provided include breaches of representations and warranties, taxes and certain other liabilities, such as third party lawsuits. The indemnification clauses are often standard contractual terms and are entered into in the normal course of business based on an assessment that the risk of loss would be remote. The terms of the indemnifications vary in duration and nature. In many cases, the maximum obligation is not explicitly stated, and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Consequently, the amount of the obligation under such indemnifications is not determinable. Historically, the Company has not made any material payments pursuant to these obligations.
Tax Matters
The Companys federal income tax returns are routinely audited by the IRS. The Company has established tax reserves as described in Note 2. The Company believes its tax reserves reasonably provide for potential assessments that may result from IRS examinations and other tax-related matters for all open tax years.
(17) | Reinsurance |
The following table summarizes the effects of reinsurance on life, accident and health insurance in force and premiums for the years ended:
December 31, | ||||||||||||
(in millions) |
2014 | 2013 | 2012 | |||||||||
Premiums |
||||||||||||
Direct |
$ | 1,178 | $ | 1,015 | $ | 890 | ||||||
Assumed from other companies |
| | | |||||||||
Ceded to other companies |
(347 | ) | (291 | ) | (255 | ) | ||||||
|
|
|
|
|
|
|||||||
Net |
$ | 831 | $ | 724 | $ | 635 | ||||||
|
|
|
|
|
|
|||||||
Life, accident and health insurance in force |
||||||||||||
Direct |
$ | 241,936 | $ | 228,095 | $ | 216,002 | ||||||
Assumed from other companies |
5 | 6 | 5 | |||||||||
Ceded to other companies |
(59,588 | ) | (58,310 | ) | (59,895 | ) | ||||||
|
|
|
|
|
|
|||||||
Net |
$ | 182,353 | $ | 169,791 | $ | 156,112 | ||||||
|
|
|
|
|
|
Amounts recoverable under reinsurance contracts totaled $704 million, $675 million and $684 million as of December 31, 2014, 2013 and 2012, respectively, and are included in other assets in the consolidated balance sheets.
(18) | Segment Information |
Management views the Companys business primarily based on its underlying products and uses this basis to define its four reportable segments: Individual Products and Solutions-Annuity (formerly named Individual Investments), Retirement Plans, Individual Products and Solutions-Life and NBSG (formerly named Individual Protection) and Corporate and Other.
The primary segment profitability measure that management uses is a non-GAAP financial measure called pre-tax operating earnings (loss), which is calculated by adjusting income before federal income taxes to exclude: (1) net realized investment gains and losses, except for operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to hedges on GMDB contracts); (2) the adjustment to amortization of DAC and other related expenses related to net realized investment gains and losses; and (3) net losses attributable to noncontrolling interest.
Due to a change in the manner in which we view our reportable segments, certain prior period amounts have been restated.
42
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
Individual Products and Solutions-Annuity
The Individual Products & Solutions - Annuity segment consists of individual annuity products marketed under the Nationwide DestinationSM and other Nationwide-specific or private label brands. Deferred annuity contracts provide the customer with tax-deferred accumulation of savings and flexible payout options including lump sum, systematic withdrawal or a stream of payments for life. In addition, deferred variable annuity contracts provide the customer with access to a wide range of investment options and asset protection features, while deferred fixed annuity contracts generate a return for the customer at a specified interest rate fixed for prescribed periods. Immediate annuities differ from deferred annuities in that the initial premium is exchanged for a stream of income for a certain period and/or for the owners lifetime without future access to the original investment. The majority of assets and recent sales for the Individual Products & Solutions - Annuity segment consist of deferred variable annuities.
Retirement Plans
The Retirement Plans segment is comprised of the private and public sector retirement plans businesses. The private sector business primarily includes Internal Revenue Code (IRC) Section 401 qualified plans funded through fixed and variable group annuity contracts issued through NLIC. The public sector business primarily includes IRC Section 457 (b) and Section 401(a) governmental plans, both in the form of full-service arrangements that provide plan administration along with fixed and variable group annuities, as well as administration-only business. Across the public and private sector business Nationwide Investment Advisors managed account services are also available. The Retirement Plans segment also includes stable value wrap products and solutions.
Individual Products and Solutions-Life and NBSG
The Individual Products & Solutions - Life and NBSG segment consists of life insurance products, including individual variable universal life, COLI and BOLI products, traditional life insurance products, fixed universal life insurance products and indexed universal life insurance products. Life insurance products provide a death benefit and, for certain products, allow the customer to build cash value on a tax-advantaged basis.
Corporate and Other
The Corporate and Other segment includes non-operating realized gains and losses and related amortization, including mark-to-market adjustments on embedded derivatives, net of economic hedges, related to products with living benefits included in the Individual Products & Solutions - Annuity segment, other-than-temporary impairment losses, and other revenues and expenses not allocated to other segments. Additionally, this segment includes the funding agreements with the FHLB, as well as the medium-term note (MTN) program that concluded in the fourth quarter of 2012.
43
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
The following tables summarize the Companys business segment operating results for the years ended:
(in millions) |
Individual Products and Solutions- Annuity |
Retirement Plans |
Individual Products and Solutions- Life and NBSG |
Corporate and Other |
Total | |||||||||||||||
December 31, 2014 |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||
Policy charges |
$ | 1,175 | $ | 107 | $ | 783 | $ | | $ | 2,065 | ||||||||||
Premiums |
518 | | 284 | 29 | 831 | |||||||||||||||
Net investment income |
546 | 750 | 565 | 39 | 1,900 | |||||||||||||||
Non-operating net realized investment losses, including other-than-temporary impairment losses1 |
| | | (1,051 | ) | (1,051 | ) | |||||||||||||
Other revenues2 |
(38 | ) | | 12 | 10 | (16 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total revenues |
$ | 2,201 | $ | 857 | $ | 1,644 | $ | (973 | ) | $ | 3,729 | |||||||||
Benefits and expenses: |
||||||||||||||||||||
Interest credited to policyholder accounts |
$ | 370 | $ | 482 | $ | 231 | $ | 13 | $ | 1,096 | ||||||||||
Benefits and claims |
828 | | 644 | 30 | 1,502 | |||||||||||||||
Amortization of DAC |
120 | (28 | ) | 122 | (7 | ) | 207 | |||||||||||||
Other expenses, net of deferrals |
300 | 153 | 348 | 254 | 1,055 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total benefits and expenses |
$ | 1,618 | $ | 607 | $ | 1,345 | $ | 290 | $ | 3,860 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Income before federal income taxes and noncontrolling interests |
$ | 583 | $ | 250 | $ | 299 | $ | (1,263 | ) | $ | (131 | ) | ||||||||
|
|
|||||||||||||||||||
Less: non-operating net realized investment losses, including other-than-temporary impairment losses1 |
| | | 1,051 | ||||||||||||||||
Less: adjustment to amortization of DAC and other related expenses related to net realized investment gains and losses |
| | | (11 | ) | |||||||||||||||
Less: net loss attributable to noncontrolling interest |
| | | 94 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Pre-tax operating earnings (loss) |
$ | 583 | $ | 250 | $ | 299 | $ | (129 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Assets as of year end |
$ | 72,429 | $ | 30,744 | $ | 29,322 | $ | 11,029 | $ | 143,524 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Excluding operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to hedges on GMDB contracts). |
2 | Includes operating items discussed above. |
44
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(in millions) |
Individual Products and Solutions- Annuity |
Retirement Plans |
Individual Products and Solutions- Life and NBSG |
Corporate and Other |
Total | |||||||||||||||
December 31, 2013 |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||
Policy charges |
$ | 1,021 | $ | 101 | $ | 727 | $ | | $ | 1,849 | ||||||||||
Premiums |
416 | | 282 | 26 | 724 | |||||||||||||||
Net investment income |
546 | 743 | 544 | 16 | 1,849 | |||||||||||||||
Non-operating net realized investment gains, including other-than-temporary impairment losses1 |
| | | 783 | 783 | |||||||||||||||
Other revenues2 |
(109 | ) | | 6 | 15 | (88 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total revenues |
$ | 1,874 | $ | 844 | $ | 1,559 | $ | 840 | $ | 5,117 | ||||||||||
Benefits and expenses: |
||||||||||||||||||||
Interest credited to policyholder accounts |
$ | 377 | $ | 473 | $ | 213 | $ | 4 | $ | 1,067 | ||||||||||
Benefits and claims |
694 | | 636 | 24 | 1,354 | |||||||||||||||
Amortization of DAC |
185 | (2 | ) | 125 | 66 | 374 | ||||||||||||||
Other expenses, net of deferrals |
295 | 151 | 347 | 188 | 981 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total benefits and expenses |
$ | 1,551 | $ | 622 | $ | 1,321 | $ | 282 | $ | 3,776 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Income before federal income taxes and noncontrolling interests |
$ | 323 | $ | 222 | $ | 238 | $ | 558 | $ | 1,341 | ||||||||||
Less: non-operating net realized investment gains, including other-than-temporary impairment losses1 |
| | | (783 | ) | |||||||||||||||
Less: adjustment to amortization of DAC and other related expenses related to net realized investment gains and losses |
| | | 70 | ||||||||||||||||
Less: net loss attributable to noncontrolling interest |
| | | 82 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Pre-tax operating earnings (loss) |
$ | 323 | $ | 222 | $ | 238 | $ | (73 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Assets as of year end |
$ | 68,805 | $ | 29,904 | $ | 27,183 | $ | 7,553 | $ | 133,445 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Excluding operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to hedges on GMDB contracts). |
2 | Includes operating items discussed above. |
45
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2014, 2013 and 2012 Consolidated Financial Statements
(in millions) |
Individual Products and Solutions- Annuity |
Retirement Plans |
Individual Products and Solutions- Life and NBSG |
Corporate and Other |
Total | |||||||||||||||
December 31, 2012 |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||
Policy charges |
$ | 899 | $ | 94 | $ | 677 | $ | | $ | 1,670 | ||||||||||
Premiums |
334 | | 274 | 27 | 635 | |||||||||||||||
Net investment income |
551 | 736 | 534 | 4 | 1,825 | |||||||||||||||
Non-operating net realized investment gains, including of other-than-temporary impairment losses1 |
| | | 427 | 427 | |||||||||||||||
Other revenues2 |
(124 | ) | | | 23 | (101 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total revenues |
$ | 1,660 | $ | 830 | $ | 1,485 | $ | 481 | $ | 4,456 | ||||||||||
Benefits and expenses: |
||||||||||||||||||||
Interest credited to policyholder accounts |
$ | 375 | $ | 457 | $ | 199 | $ | 7 | $ | 1,038 | ||||||||||
Benefits and claims |
613 | | 588 | 26 | 1,227 | |||||||||||||||
Amortization of DAC |
185 | 14 | 150 | 226 | 575 | |||||||||||||||
Other expenses, net of deferrals |
266 | 164 | 307 | 180 | 917 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total benefits and expenses |
$ | 1,439 | $ | 635 | $ | 1,244 | $ | 439 | $ | 3,757 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Income before federal income taxes and noncontrolling interests |
$ | 221 | $ | 195 | $ | 241 | $ | 42 | $ | 699 | ||||||||||
Less: non-operating net realized investment gains, including other-than-temporary impairment losses1 |
| | | (427 | ) | |||||||||||||||
Less: adjustment to amortization of DAC and other related expenses related to net realized investment gains and losses |
| | | 243 | ||||||||||||||||
Less: net loss attributable to noncontrolling interest |
| | | 61 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Pre-tax operating earnings (loss) |
$ | 221 | $ | 195 | $ | 241 | $ | (81 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Assets as of year end |
$ | 58,707 | $ | 27,842 | $ | 25,301 | $ | 8,320 | $ | 120,170 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Excluding operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to hedges on GMDB contracts). |
2 | Includes operating items discussed above. |
46
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule I Consolidated Summary of Investments Other Than Investments in Related Parties
As of December 31, 2014 (in millions)
Column A |
Column B | Column C | Column D | |||||||||
Type of investment |
Cost | Fair value |
Amount at which shown in the consolidated balance sheet |
|||||||||
Fixed maturity securities, available-for-sale: |
||||||||||||
Bonds: |
||||||||||||
U.S. government and agencies |
$ | 448 | $ | 527 | $ | 527 | ||||||
Obligations of states, political subdivisions and foreign governments |
1,966 | 2,285 | 2,285 | |||||||||
Public utilities |
2,969 | 3,228 | 3,228 | |||||||||
All other corporate, mortgage-backed and asset-backed securities |
27,815 | 29,378 | 29,378 | |||||||||
|
|
|
|
|
|
|||||||
Total fixed maturity securities, available-for-sale |
$ | 33,198 | $ | 35,418 | $ | 35,418 | ||||||
Equity securities, available-for-sale: |
||||||||||||
Common stocks: |
||||||||||||
Industrial, miscellaneous and all other |
$ | 6 | $ | 16 | $ | 16 | ||||||
Nonredeemable preferred stocks |
| 5 | 5 | |||||||||
|
|
|
|
|
|
|||||||
Total equity securities, available-for-sale |
$ | 6 | $ | 21 | $ | 21 | ||||||
Trading assets |
20 | 21 | 21 | |||||||||
Mortgage loans, net of allowance |
7,296 | 7,270 | 1 | |||||||||
Policy loans |
992 | 992 | ||||||||||
Other investments |
780 | 780 | ||||||||||
Short-term investments |
935 | 935 | ||||||||||
|
|
|
|
|||||||||
Total investments |
$ | 43,227 | $ | 45,437 | ||||||||
|
|
|
|
1 | Difference from Column B primarily is attributable to valuation allowances due to impairments on mortgage loans (see Note 6 to the audited consolidated financial statements). |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
47
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule III Supplementary Insurance Information
As of December 31, 2014, 2013 and 2012 and for each of the years then ended (in millions)
Column A |
Column B | Column C | Column D | Column E | Column F | |||||||||||||||
Year: Segment |
Deferred policy acquisition costs |
Future policy benefits, losses, claims and loss expenses |
Unearned premiums1 |
Other policy claims and benefits payable1 |
Premium revenue |
|||||||||||||||
2014 |
||||||||||||||||||||
IPS - Annuity |
$ | 2,495 | $ | 12,619 | $ | 518 | ||||||||||||||
Retirement Plans |
216 | 14,905 | | |||||||||||||||||
IPS - Life and NBSG |
1,717 | 10,763 | 284 | |||||||||||||||||
Corporate and Other |
(365 | ) | 2,443 | 29 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 4,063 | $ | 40,730 | $ | 831 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
2013 |
||||||||||||||||||||
IPS - Annuity |
$ | 2,214 | $ | 10,985 | $ | 416 | ||||||||||||||
Retirement Plans |
179 | 14,313 | | |||||||||||||||||
IPS - Life and NBSG |
1,557 | 10,068 | 282 | |||||||||||||||||
Corporate and Other |
(172 | ) | 1,399 | 26 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 3,778 | $ | 36,765 | $ | 724 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
2012 |
||||||||||||||||||||
IPS - Annuity |
$ | 2,110 | $ | 12,214 | $ | 334 | ||||||||||||||
Retirement Plans |
168 | 13,628 | | |||||||||||||||||
IPS - Life and NBSG |
1,442 | 9,564 | 301 | |||||||||||||||||
Corporate and Other |
(471 | ) | 748 | | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 3,249 | $ | 36,154 | $ | 635 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Column A |
Column G | Column H | Column I | Column J | Column K | |||||||||||||||
Year: Segment |
Net investment income2 |
Benefits, claims, losses and settlement expenses |
Amortization of deferred policy acquisition costs |
Other operating expenses2 |
Premiums written |
|||||||||||||||
2014 |
||||||||||||||||||||
IPS - Annuity |
$ | 546 | $ | 1,198 | $ | 120 | $ | 300 | ||||||||||||
Retirement Plans |
750 | 482 | (28 | ) | 153 | |||||||||||||||
IPS - Life and NBSG |
565 | 875 | 122 | 348 | ||||||||||||||||
Corporate and Other |
39 | 43 | (7 | ) | 254 | |||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 1,900 | $ | 2,598 | $ | 207 | $ | 1,055 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
2013 |
||||||||||||||||||||
IPS - Annuity |
$ | 546 | $ | 1,071 | $ | 185 | $ | 295 | ||||||||||||
Retirement Plans |
743 | 473 | (2 | ) | 151 | |||||||||||||||
IPS - Life and NBSG |
544 | 849 | 125 | 347 | ||||||||||||||||
Corporate and Other |
16 | 28 | 66 | 188 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 1,849 | $ | 2,421 | $ | 374 | $ | 981 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
2012 |
||||||||||||||||||||
IPS - Annuity |
$ | 551 | $ | 988 | $ | 185 | $ | 266 | ||||||||||||
Retirement Plans |
736 | 457 | 14 | 164 | ||||||||||||||||
IPS - Life and NBSG |
536 | 787 | 150 | 307 | ||||||||||||||||
Corporate and Other |
2 | 33 | 226 | 180 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 1,825 | $ | 2,265 | $ | 575 | $ | 917 | ||||||||||||
|
|
|
|
|
|
|
|
1 | Unearned premiums and other policy claims and benefits payable are included in Column C amounts. |
2 | Allocations of net investment income and certain operating expenses are based on numerous assumptions and estimates, and reported segment operating results would change if different methods were applied. |
48
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule IV Reinsurance
As of December 31, 2014, 2013 and 2012 and for each of the years then ended (in millions)
Column A |
Column B | Column C | Column D | Column E | Column F | |||||||||||||||
Gross amount |
Ceded to other companies |
Assumed from other companies |
Net amount | Percentage of amount assumed to net |
||||||||||||||||
2014 |
||||||||||||||||||||
Life, accident and health insurance in force |
$ | 241,936 | $ | (59,588 | ) | $ | 5 | $ | 182,353 | | ||||||||||
Premiums: |
||||||||||||||||||||
Life insurance1 |
$ | 888 | $ | (57 | ) | $ | | $ | 831 | | ||||||||||
Accident and health insurance |
290 | (290 | ) | | | | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total |
$ | 1,178 | $ | (347 | ) | $ | | $ | 831 | | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
2013 |
||||||||||||||||||||
Life, accident and health insurance in force |
$ | 228,095 | $ | (58,310 | ) | $ | 6 | $ | 169,791 | | ||||||||||
Premiums: |
||||||||||||||||||||
Life insurance1 |
$ | 783 | $ | (59 | ) | $ | | $ | 724 | | ||||||||||
Accident and health insurance |
232 | (232 | ) | | | | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total |
$ | 1,015 | $ | (291 | ) | $ | | $ | 724 | | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
2012 |
||||||||||||||||||||
Life, accident and health insurance in force |
$ | 216,002 | $ | (59,895 | ) | $ | 5 | $ | 156,112 | | ||||||||||
Premiums: |
||||||||||||||||||||
Life insurance1 |
$ | 701 | $ | (66 | ) | $ | | $ | 635 | | ||||||||||
Accident and health insurance |
189 | (189 | ) | | | | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total |
$ | 890 | $ | (255 | ) | $ | | $ | 635 | | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Primarily represents premiums from traditional life insurance and life-contingent immediate annuities and excludes deposits on investment and universal life insurance products. |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
49
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule V Valuation and Qualifying Accounts
Years ended December 31, 2014, 2013 and 2012 (in millions)
Column A |
Column B | Column C | Column D | Column E | ||||||||||||||||
Description |
Balance at beginning of period |
Charged to costs and expenses |
Charged to other accounts |
Deductions1 | Balance at end of period |
|||||||||||||||
2014 |
||||||||||||||||||||
Valuation allowances - mortgage loans |
$ | 35 | $ | (8 | ) | $ | | $ | 1 | $ | 26 | |||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
2013 |
||||||||||||||||||||
Valuation allowances - mortgage loans |
$ | 44 | $ | (4 | ) | $ | | $ | 5 | $ | 35 | |||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
2012 |
||||||||||||||||||||
Valuation allowances - mortgage loans |
$ | 60 | $ | 1 | $ | | $ | 17 | $ | 44 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Amounts generally represent payoffs, sales and recoveries. |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
50
(a) | Resolution of the Depositor's Board of Directors authorizing the establishment of the Registrant – Filed previously with registration statement (333-31725) on July 21, 1997 and hereby incorporated by reference. |
(b) | Custodian Agreements - Not Applicable. |
(c) | Underwriting or Distribution of contracts between the Depositor and Principal Underwriter – Previously filed with pre-effective amendment number 3 on September 27, 2007 and hereby incorporated by reference. |
(d) | The form of the contract –Previously filed with pre-effective amendment number 3 on September 27, 2007 and hereby incorporated by reference. |
(e) | The form of the contract application – Previously filed with pre-effective amendment number 3 on September 27, 2007 and hereby incorporated by reference. |
(f) | Depositor's Certificate of Incorporation and By-Laws. |
(1) | Amended Articles of Incorporation for Nationwide Life Insurance Company. Filed previously with initial registration statement (333-164119) on January 4, 2010 as document "exhibitf1.htm" and hereby incorporated by reference. |
(2) | Amended and Restated Code of Regulations of Nationwide Life Insurance Company. Filed previously with initial registration statement (333-164119) on January 4, 2010 as document "exhibitf2.htm" and hereby incorporated by reference. |
(3) | Articles of Merger of Nationwide Life Insurance Company of America with and into Nationwide Life Insurance Company, effective December 31, 2009. Filed previously with initial registration statement (333-164119) on January 4, 2010 as document "exhibitf3.htm" and hereby incorporated by reference. |
(g) | Form of Reinsurance Contracts – |
(1) | Reinsurance Agreement with Hannover Life Reassurance Company of America dated October 1, 2008, previously filed on April 12, 2011 with registration statement (333-149295), as Exhibit (g)(5) and hereby incorporated by reference. |
(2) | Automatic Self Administered YRT Reinsurance Agreement #196731 with Swiss Re Life & Health America, Inc. dated October 1, 2008, previously filed on April 12, 2011 with registration statement (333-43671), as Exhibit (g)(1) and hereby incorporated by reference. |
(3) | Automatic Self Administered YRT Reinsurance Agreement #196730 with Swiss Re Life & Health America, Inc. dated October 1, 2008, previously filed on April 12, 2011 with registration statement (333-43671), as Exhibit (g)(2) and hereby incorporated by reference. |
(h) | Form of Participation Agreements – |
The following Fund Participation Agreements were previously filed on July 17, 2007 with pre-effective amendment number 1 of registration statement (333-140608) under Exhibit 26(h), and are hereby incorporated by reference. For information regarding payments Nationwide receives from underlying mutual funds, please see the "Information on Underlying Mutual Fund Payments" section of the prospectus and/or the underlying mutual fund prospectuses. |
(1) | Fund Participation Agreement with AIM Variable Insurance Funds, AIM Advisors, Inc., and AIM Distributors dated January 6, 2003, under document "aimfpa99h1.htm". |
(2) | Amended and Restated Fund Participation and Shareholder Services Agreement with American Century Investment Services, Inc. dated September 15, 2004, as amended, under document "amcentfpa99h2". |
(3) | Restated and Amended Fund Participation Agreement with The Dreyfus Corporation dated January 27, 2000, as amended, under document "dreyfusfpa99h3.htm". |
(4) | Fund Participation Agreement with Federated Insurance Series and Federated Securities Corp. dated April 1, 2006, as amended, under document "fedfpa99h4.htm". |
(5) | Fund Participation Agreement with Fidelity Variable Insurance Products Fund dated May 1, 1988, as amended, including Fidelity Variable Insurance Products Fund IV and Fidelity Variable Insurance Products Fund V, under document "fidifpa99h5.htm". |
(6) | Amended and Restated Fund Participation Agreement with Franklin Templeton Variable Insurance Products Trust and Franklin/Templeton Distributors, Inc. dated May 1, 2003; as amended, under document "frankfpa99h8.htm". |
(7) | Fund Participation Agreement, Service and Institutional Shares, with Janus Aspen Series, dated December 31, 1999, under document "janusfpa99h9a.htm". |
(8) | Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable Insurance Trust) dated May 2, 2005, as amended, under document "nwfpa99h12a.htm". |
(9) | Fund Participation Agreement with Neuberger Berman Advisers Management Trust / Lehman Brothers Advisers Management Trust (formerly, Neuberger Berman Advisers Management Trust) dated January 1, 2006, under document "neuberfpa99h13.htm". |
(10) | Fund Participation Agreement with Oppenheimer Variable Account Funds and Oppenheimer Funds, Inc. dated April 13, 2007, under document "oppenfpa99h14.htm". |
(11) | Fund Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price International Series, Inc., T. Rowe Price Fixed Income Series, Inc., and T. Rowe Price Investment Services, Inc. dated October 1, 2002, as amended, under document "trowefpa99h15.htm". |
(12) | Fund Participation Agreement with The Universal Institutional Funds, Inc., Morgan Stanley Distribution, Inc., and Morgan Stanley Investment Management, Inc. dated February 1, 2002, as amended, under document "univfpa99h16.htm". |
The following Fund Participation Agreements were previously filed on September 27, 2007 with pre-effective amendment number 3 of registration statement (333-137202) under Exhibit 26(h), and are hereby incorporated by reference. | |
(13) | Fund Participation Agreement (Amended and Restated) with Alliance Capital Management L.P. and Alliance-Bernstein Investment Research and Management, Inc. dated June 1, 2003, as document "alliancebernsteinfpa.htm". |
(14) | Fund Participation Agreement with American Funds Insurance Series and Capital Research and Management Company, dated July 20, 2005, as document "americanfundsfpa.htm". |
(15) | Fund Participation Agreement with BlackRock (formerly FAM Distributors, Inc. and FAM Variable Series Funds, Inc.) dated April 13, 2004, as amended, as document "blackrockfpa.htm". |
(16) | Fund Participation Agreement with Davis Variable Account Fund and Davis Distributors, LLC dated August 7, 2007, as document "davisfpa.htm". |
(17) | Fund Participation Agreement with DWS Variable Series I and DWS Variable Series II (formerly Scudder Variable Series I, Scudder Variable Series II), Deutsche Investment Management Americas, Inc. and DWS Investments Distributors, Inc. (formerly DWS Scudder Distributors, Inc.) dated July 1, 2004, as document "dwsfpa.htm". |
(18) | Fund Participation with Legg Mason Partners Variable Portfolio I, Inc. (formerly Salomon Brothers Variable Series Funds Inc. and Salomon Brothers Asset Management Inc. dated September, 1999, as amended, as document "leggmasonfpa.htm". |
(19) | Fund Participation Agreement with Lincoln Variable Insurance Products Trust, Lincoln Financial Distributors, Inc., and Lincoln Investment Advisors Corporation dated June 5, 2007, as document "lincolnfpa.htm". |
(20) | Fund Participation Agreement with Lord Abbett Series Fund, Inc. and Lord Abbett Distributor LLC dated December 31, 2002, as amended, as document "lordabbettfpa.htm". |
(21) | Fund Participation Agreement with PIMCO Variable Insurance Trust and PIMCO Fund Distributors, LLC dated March 28, 2002, as amended, as document "pimcofpa.htm". |
(22) | Fund Participation Agreement with Pioneer Variable Contracts Trust, Pioneer Investment Management, Inc. and Pioneer Fund Distributor, Inc., dated September 27, 2002, as amended, as document "pioneerfpa.htm". |
(23) | Fund Participation Agreement with Putnam Variable Trust and Putnam Retail Management, L.P. dated February 1, 2002, as amended, as document "putnamfpa.htm". |
(24) | Fund Participation Agreement with Royce & Associates dated February 14, 2002, as amended, as document "roycefpa.htm". |
(25) | Fund Participation Agreement Van Eck Investment Trust, Van Eck Associates Corporation, Van Eck Securities Corporation dated September 1, 1989, as amended, as document "vaneckfpa.htm". |
(26) | Fund Participation Agreement with Waddell & Reed Services Company, Waddell & Reed, Inc., and W&R Target Funds, Inc. dated December 1, 2000, as amended, as document "waddellreedfpa.htm". |
(27) | Fund Participation Agreement with Wells Fargo Management, LLC, Stephens, Inc. dated November 15, 2004, as amended, as document "wellsfargofpa.htm". |
The following Fund Participation Agreements was previously filed on April 12, 2011 with post-effective amendment number 43 of registration statement (333-43671) under Exhibit 26(h), and is hereby incorporated by reference. | |
(28) | Fund Participation Agreement with Delaware Management Company and Delaware Distributors, L.P. dated February 5, 2008, as amended, as document "delawarefpa.htm". |
(29) | Fund Participation Agreement with Eaton Vance Variable Trust and Eaton Vance Distributors, Inc. dated March 24, 2011, as document "eatonvancefpa.htm". |
(30) | Fund Participation Agreement with Goldman Sachs Variable Insurance Trust, and Goldman Sachs & Co. dated December 22, 1998, as document "goldmansachsfpa.htm". |
(31) | Fund Participation Agreement with Lazard Retirement Series, Inc., and Lazard Asset Management Securities LLC dated April 13, 2009, as document "lazardfpa.htm". |
The following Fund Participation Agreement was previously filed on April 30, 2008 with post-effective amendment number 42 of registration statement (333-59517) under Exhibit 26(h), and is hereby incorporated by reference. | |
(32) | Fund Participation Agreement with J.P. Morgan Series Trust II, dated February 18, 2003, under document "jpmorganfpa.htm". |
(i) | Administrative Contracts |
The following Administrative Agreements were previously filed on July 17, 2007 with pre-effective amendment number 1 of registration statement (333-140608) under Exhibit 26(i), and are hereby incorporated by reference. |
(1)(a) | Administrative Services Agreement with AIM Advisors, Inc. dated July 1, 2005, as amended, under document "aimasa99i1a.htm" |
(1)(b) | Financial Support Agreement with AIM Variable Insurance Funds dated July 1, 2005, under document "aimasa99i1b.htm" |
(2) | Amended and Restated Fund Participation and Shareholder Services Agreement with American Century Investment Services, Inc. dated September 15, 2004, as amended. See Exhibit B for information related to administrative services, under document "amcentasa99i2.htm" |
(3) | Restated Administrative Services Agreement with The Dreyfus Corporation dated June 1, 2003, as amended, and 12b-1 letter agreement dated June 1, 2003, as amended, under document "dreyfusasa99i3.htm" |
(4)(a) | Dealer Agreement with Federated Securities Corp dated October 26, 2006, under document "fedasa99i4a.htm" |
(4)(b) | Fund Participation Agreement with Federated Insurance Series and Federated Securities Corp. dated April 1, 2006, as amended. See Exhibit B of Fund Participation Agreement for information related to administrative services, under document "fedasa99i4b.htm" |
(5)(a) | Administrative Service Agreement with Fidelity Investments Institutional Operations Company, Inc. dated April 1, 2002, as amended, HTML file name "fidiiiasa99i5a.htm" |
(5)(b) | Service Contract, with Fidelity Distributors Corporation dated June 18, 2002, as amended, under document "fidiiiasa99i5b.htm" as part of Exhibit 99. |
(6) | Administrative Services Agreement with Franklin Templeton Services, LLC dated May 1, 2003, as amended, under document "frankasa99i6.htm" |
(7) | Distribution and Shareholder Services Agreement with Janus Distributors, Inc. dated December 31, 1999, under document "janusasa99i7.htm" |
(8) | Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable Insurance Trust) dated May 2, 2005, as amended. See Exhibit B and Exhibit E for information related to administrative services, under document "nwasa99i10.htm" |
(9) | Fund Participation Agreement with Neuberger Berman Advisers Management Trust / Lehman Brothers Advisers Management Trust (formerly, Neuberger Berman Advisers Management Trust) dated January 1, 2006. See Exhibit D for information related to administrative services, under document "neuberasa99i11.htm" |
(10) | Revenue Sharing Agreement with Oppenheimer Variable Account Funds dated April 13, 2006, under document "oppenasa99i12.htm" |
(11) | Administrative Services Letter Agreement with T. Rowe Price Associates, Inc. and T. Rowe Price International, Inc. dated October 1, 2002, as amended, under document "troweasa99i13.htm" |
(12) | Administrative Services Agreement with Morgan Stanley Distribution, Inc. (The Universal Institutional Funds, Inc.) dated May 5, 2005, as amended, under document "univasa99i14.htm" |
The following Administrative Agreements were previously filed on September 27, 2007 with pre-effective amendment number 3 of registration statement (333-137202) under Exhibit 26(i), and are hereby incorporated by reference. | |
(13) | Administrative Services Agreement with Alliance Fund Distributors, Inc. dated June 3, 2003, as document "alliancebernsteinasa.htm". |
(14) | Administrative Services Agreement with American Funds Distributors, Inc. and Capital Research and Management Company dated July 20, 2005, as document "americanfundasa.htm". |
(15) | Administrative Services Agreement with BlackRock (formerly FAM Variable Series Funds, Inc. and FAM Distributors, Inc.) dated April 13, 2004, as amended, as document "blackrockasa.htm". |
(16) | Administrative Service Agreement with Davis Distributors, LLC dated August 7, 2007, as document "davisasa.htm". |
(17) | Fund Participation Agreement with DWS Variable Series II (formerly Scudder Variable Series I, Scudder Variable Series II, Scudder Distributors, Inc. and Deutsche Investment Management Americas, Inc.) dated July 1, 2004, as document "dwsfpa.htm". See Article 2.3 for information on administrative services. |
(18) | Administrative Services Agreement with Legg Mason Partners Variable Portfolios I, Inc. (formerly Salomon Brothers Asset Management Inc.) dated September 1999, as amended, as document "leggmasonasa.htm". |
(19)(a) | Administrative Services Agreement with Lincoln Investment Advisors Corporation dated June 5, 2007, as document "lincolnasaa.htm". |
(19)(b) | Distribution Services Agreement between Nationwide Investment Services Corporation (general distributor) and Lincoln Financial Distributors, Inc. dated June 5, 2007, as document "lincolnasab.htm". |
(20) | Administrative Services Agreement with Lord Abbett Series Fund, Inc. dated December 31, 2002, as amended, as document "lordabbettasa.htm". |
(21)(a) | Administrative Services Agreement with Pacific Investment Management Company LLC dated March 28, 2002, as amended, as document "pimcoasaa.htm". |
(21)(b) | Administrative Services Agreement with PIMCO Variable Insurance Trust dated March 28, 2002, as amended, as document "pimcoasab.htm". |
(22) | Fund Participation Agreement with Pioneer Variable Contracts Trust, Pioneer Investment Management, Inc. and Pioneer Fund Distributor, Inc., dated September 27, 2002, as amended, as document "pioneerfpa.htm". See Schedule B for information on administrative services. |
(23) | Administrative Services Agreement with Putnam Retail Management Limited Partnership dated August 1, 2006, as amended, as document "putnamasa.htm". |
(24) | Fund Participation Agreement with Royce & Associates dated February 14, 2002, as amended, as document "roycefpa.htm". See Exhibits C and D for information on administrative services. |
(25) | Administrative Services Agreement with Van Eck Securities Corporation dated November 3, 1997, as amended, as document "vaneckasa.htm". |
(26) | Administrative Services Agreement with Waddell & Reed, Inc. dated December 1, 2000, as amended, as document "waddellreedasa.htm". |
(27) | Administrative Services Agreement with Wells Fargo Funds Management, LLC and Stephens, Inc. dated November 15, 2004, as amended, as document "wellsfargoasa.htm". |
The following Administrative Agreements were previously filed on April 12, 2011 with post-effective amendment number 43 of registration statement (333-43671) under Exhibit 26(i), and is hereby incorporated by reference. | |
(28) | Administrative Services Agreement with Delaware Distributors, L.P. dated February 5, 2008, as amended, as document "delawareasa.htm". |
(29) | Shareholder Servicing Agreement with Eaton Vance Variable Trust dated March 24, 2011, as document "eatonvanceasa.htm". |
(30) | Administrative Services Agreement with Goldman, Sachs & Co., dated January 6, 1999, as document "goldmansachsasa.htm". |
(31) | Administrative Services Agreement with Lazard Retirement Series, Inc., dated April 13, 2009, as document "lazardasa.htm". |
The following Administrative Agreement was previously filed on April 30, 2008 with post-effective amendment number 42 of registration statement (333-59517) under Exhibit 26(h), and is hereby incorporated by reference. | |
(32) | Fund Participation Agreement with J.P. Morgan Series Trust II, dated February 18, 2003, under document "jpmorganfpa.htm". |
(j) | Other Material Contracts - Not Applicable. |
(k) | Opinion of Counsel – Filed previously with registration statement (333-137202) on September 8, 2006 under document "legalopinion.htm" and hereby incorporated by reference. |
(l) | Actuarial Opinion - Not Applicable. |
(m) | Calculation - Not Applicable. |
(n) | Consent of Independent Registered Public Accounting Firm – Attached hereto. |
(o) | Omitted Financial Statements - Not Applicable. |
(p) | Initial Capital Agreements - Not Applicable. |
(q) | Redeemability Exemption – Filed previously with registration statement (333-137202) on April 23, 2013 under document " d470016dex99q.htm" and hereby incorporated by reference. |
(99) | Power of Attorney – Attached hereto. |
President and Chief Operating Officer and Director | Kirt A. Walker |
Executive Vice President-Chief Legal and Governance Officer | Patricia R. Hatler |
Senior Vice President-President, Nationwide Growth Solutions | Terri L. Hill |
Executive Vice President-Chief Marketing Officer | Matthew Jauchius |
Executive Vice President-Chief Information Officer | Michael C. Keller |
Executive Vice President-Chief Human Resources Officer | Gale V. King |
Executive Vice President | Mark A. Pizzi |
Executive Vice President and Director | Mark R. Thresher |
Senior Vice President | Harry H. Hallowell |
Senior Vice President and Treasurer | David LaPaul |
Senior Vice President-Chief Compliance Officer | Sandra L. Rich |
Senior Vice President-Chief Financial Officer and Director | Timothy G. Frommeyer |
Senior Vice President-CIO Enterprise Applications | Michael A. Richardson |
Senior Vice President-CIO NF Systems | Susan J. Gueli |
Senior Vice President-NW Retirement Plans and Director | John L. Carter |
Senior Vice President-Head of Taxation | Pamela A. Biesecker |
Senior Vice President-Individual Products & Solutions and Director | Eric S. Henderson |
Senior Vice President-Investment Management Group | Michael S. Spangler |
Senior Vice President-IT Chief Financial Officer and Chief Procurement Officer | Andrew Walker |
Senior Vice President-CIO CL & Agency | Tammy Craig |
Senior Vice President-Nationwide Financial | Steven C. Power |
Senior Vice President-Nationwide Financial Network | Peter A. Golato |
Senior Vice President-NFS Legal | Rae Ann Dankovic |
Senior Vice President-NF Distribution and Sales | David L. Giertz |
Senior Vice President-NI Brand Marketing | Jennifer M. Hanley |
Senior Vice President-President-Nationwide Bank | J. Lynn Anderson |
Director | Stephen S. Rasmussen |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Financial Services, Inc. | Delaware | The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products. |
NFS Distributors, Inc. | Delaware | The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies. |
Nationwide Financial General Agency, Inc. | Pennsylvania | The company is a multi-state licensed insurance agency. |
Nationwide Financial Institution Distributors Agency, Inc. | Delaware | The company is an insurance agency. |
Nationwide Fund Distributors, LLC | Delaware | The company is a limited purpose broker-dealer. |
Nationwide Fund Management, LLC | Delaware | The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities. |
Nationwide Retirement Solutions, Inc. | Delaware | The company markets and administers deferred compensation plans for public employees. |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Retirement Solutions, Inc. of Arizona | Arizona | The company markets and administers deferred compensation plans for public employees. |
Nationwide Retirement Solutions Insurance Agency, Inc. | Massachusetts | The company markets and administers deferred compensation plans for public employees. |
Nationwide Retirement Solutions, Inc. of Ohio, Inc.1 | Ohio | The company provides retirement products, marketing and education and administration to public employees. |
Nationwide Retirement Solutions, Inc. of Texas, Inc.1 | Texas | The company markets and administers deferred compensation plans for public employees. |
Nationwide Securities, LLC | Delaware | The company is a registered broker-dealer. |
Nationwide Bank | Federal | This is a federally chartered savings bank supervised by the Office of the Office of the Comptroller of the Currency to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners' Loan Act of 1933. |
Nationwide Financial Services Capital Trust | Delaware | The trust's sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust |
Nationwide Life Insurance Company2 | Ohio | A stock corporation. The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products. |
MFS Variable Account2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Multi-Flex Variable Account2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-II2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-32,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-42,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-52,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-62,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-72,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-82,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-92,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-102,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-112,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-122,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-132,3 | Ohio | A separate account issuing variable annuity contracts. |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Variable Account-142,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account 12,3 | Pennsylvania | A separate account issuing variable annuity contracts. |
Nationwide VLI Separate Account2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-22,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-32,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-42,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-52,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-62,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-72,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account 12,3 | Pennsylvania | A separate account issuing variable life insurance policies. |
Nationwide Investment Services Corporation3 | Oklahoma | This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants. |
Nationwide Financial Assignment Company3 | Ohio | The company is an administrator of structured settlements. |
Nationwide Investment Advisors, LLC3 | Ohio | The company provides investment advisory services. |
Life Reo Holdings, LLC3 | Ohio | The company is an investment holding company. |
Nationwide Life and Annuity Insurance Company2,3 | Ohio | The company engages in underwriting life insurance and granting, purchasing and disposing of annuities. |
Nationwide VA Separate Account-A2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-B2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-C2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-D2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account A2,3 | Delaware | A separate account issuing variable annuity contracts. |
Nationwide VL Separate Account-A2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-B2,3 | Ohio | A separate account issuing variable life insurance policies. |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide VL Separate Account-C2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-D2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-G2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account A2,3 | Delaware | A separate account issuing variable life insurance policies. |
Olentangy Reinsurance, LLC3 | Vermont | The company is a captive life reinsurance company. |
Registered Investment Advisors Services, Inc.3 | Texas | The company is a technology company that facilitates third-party money management services for registered investment advisors |
Nationwide Fund Advisors3,4 | Delaware | The trust acts as a registered investment advisor. |
1 | This subsidiary/entity is controlled by its immediate parent through contractual association. |
2 | This subsidiary/entity files separate financial statements. |
3 | Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent. |
4 | This subsidiary/entity is a business trust. |
(a) | NISC serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates: |
MFS Variable Account | Nationwide VA Separate Account-C |
Multi-Flex Variable Account | Nationwide VA Separate Account-D |
Nationwide Variable Account | Nationwide VLI Separate Account |
Nationwide Variable Account-II | Nationwide VLI Separate Account-2 |
Nationwide Variable Account-3 | Nationwide VLI Separate Account-3 |
Nationwide Variable Account-4 | Nationwide VLI Separate Account-4 |
Nationwide Variable Account-5 | Nationwide VLI Separate Account-5 |
Nationwide Variable Account-6 | Nationwide VLI Separate Account-6 |
Nationwide Variable Account-7 | Nationwide VLI Separate Account-7 |
Nationwide Variable Account-8 | Nationwide VL Separate Account-A |
Nationwide Variable Account-9 | Nationwide VL Separate Account-C |
Nationwide Variable Account-10 | Nationwide VL Separate Account-D |
Nationwide Variable Account-11 | Nationwide VL Separate Account-G |
Nationwide Variable Account-12 | Nationwide Provident VA Separate Account 1 |
Nationwide Variable Account-13 | Nationwide Provident VA Separate Account A |
Nationwide Variable Account-14 | Nationwide Provident VLI Separate Account 1 |
Nationwide VA Separate Account-A | Nationwide Provident VLI Separate Account A |
Nationwide VA Separate Account-B | Nationwide VA Separate Account-D |
(b) | Directors and Officers of NISC: |
President | Robert O. Cline |
Vice President-Chief Compliance Officer | James J. Rabenstine |
Associate Vice President and Secretary | Kathy R. Richards |
Associate Vice President and Assistant Secretary | Parag H. Shah |
Associate Vice President-NFS Distribution Compliance | Valerie Hamilton |
Senior Vice President-Head of Taxation | Pamela A. Biesecker |
Vice President and Treasurer | John A. Reese |
Assistant Treasurer | J. Morgan Elliott |
Director | John L. Carter |
Director | Eric S. Henderson |
Director | David L. Giertz |
Name of Principal Underwriter | Net
Underwriting Discounts and Commissions |
Compensation
on Redemption or Annuitization |
Brokerage
Commissions |
Compensation | ||||
Nationwide Investment Services
Corporation |
N/A | N/A | N/A | N/A |
Nationwide VLI Separate Account-4 |
(Registrant) |
Nationwide Life Insurance Company |
(Depositor) |
By: /s/ JAMIE RUFF CASTO |
Jamie
Ruff Casto Attorney-in-Fact |
KIRT A. WALKER | |
Kirt A. Walker, President and Chief Operating Officer, and Director | |
MARK R. THRESHER | |
Mark R. Thresher, Executive Vice President and Director | |
TIMOTHY G. FROMMEYER | |
Timothy G. Frommeyer, Senior Vice President-Chief Financial Officer and Director | |
ERIC S. HENDERSON | |
Eric S. Henderson, Senior Vice President - Individual Products & Solutions and Director | |
JOHN L. CARTER | |
John L. Carter, Senior Vice President – Nationwide Retirement Plans and Director | |
STEPHEN S. RASMUSSEN | |
Stephen S. Rasmussen, Director | |
By /s/ JAMIE RUFF CASTO | |
Jamie
Ruff Casto Attorney-in-Fact |
Variable Annuities and Variable Life Insurance Policies | ||
Separate Account (1940 Act File No.) | 1933 Act File Nos. | |
MFS Variable Account (811-2662) | 002-73432 | |
Multi-Flex Variable Account (811-3338) | 033-23905, 002-75174 | |
Nationwide Variable Account (811-2716) | 002-58043, 333-80481, 033-60239, 333-176908 | |
Nationwide Variable Account-II (811-3330) | 002-75059, 033-67636, 033-60063, 333-103093, 333-103094, 333-103095, 333-104513, 333-104511, 333-104512, 333-104510, 333-151990, 333-105992, 333-147273, 333-140621, 333-144053, 333-147198, 333-160635, 333-164886, 333-168818, 333-177934, 333-177581, 333-177582, 333-177316, 333-177319, 333-177439, 333-177441, 333-177729, 333-177731, 333-173349, 333-177938, 333-182494 | |
Nationwide Variable Account-3 (811-5405) | 033-18422, 033-24434 | |
Nationwide Variable Account-4 (811-5701) | 033-25734, 033-26454, 333-62692, 333-135650, 333-140812, 333-201820 | |
Nationwide Variable Account-5 (811-8142) | 033-71440 | |
Nationwide Variable Account-6 (811-8684) | 033-82370, 333-21909 | |
Nationwide Variable Account-7 (811-8666) | 033-82190, 033-82174, 033-89560 | |
Nationwide Variable Account-8 (811-7357) | 033-62637, 033-62659 | |
Nationwide Variable Account-9 (811-08241) | 333-28995, 333-52579, 333-56073, 333-53023, 333-79327, 333-69014, 333-75360 | |
Nationwide Variable Account-10 (811-09407) | 333-81701 | |
Nationwide Variable Account-11 (811-10591) | 333-74904, 333-74908 | |
Nationwide Variable Account-12 (811-21099) | 333-88612, 333-108894, 333-178057, 333-178059 | |
Nationwide Variable Account-13 (811-21139) | 333-91890 | |
Nationwide Variable Account-14 (811-21205) | 333-104339 | |
Nationwide VA Separate Account-A (811-5606) | 033-85164, 033-22940 | |
Nationwide VA Separate Account-B (811-06399) | 033-86408, 033-93482, 333-11415 | |
Nationwide VA Separate Account-C (811-7908) | 033-66496, 333-44485 | |
Nationwide VA Separate Account-D (811-10139) | 333-45976 | |
Nationwide VLI Separate Account (811-4399) | 033-00145, 033-44290, 033-35698 | |
Nationwide VLI Separate Account-2 (811-5311) | 033-16999, 033-62795, 033-42180, 033-35783, 033-63179, 333-27133 | |
Nationwide VLI Separate Account-3 (811-6140) | 033-44789, 033-44296 | |
Nationwide VLI Separate Account-4 (811-08301) | 333-31725, 333-43671, 333-52617, 333-94037, 333-52615, 333-53728, 333-69160, 333-83010, 333-137202, 333-153343, 333-169879 | |
Nationwide VLI Separate Account-5 (811-10143) | 333-46338, 333-46412, 333-66572, 333-121881, 333-125481, 333-125482 | |
Nationwide VLI Separate Account-6 (811-21398) | 333-106908 |
Variable Annuities and Variable Life Insurance Policies | ||
Separate Account (1940 Act File No.) | 1933 Act File Nos. | |
Nationwide VLI Separate Account-7 (811-21610) | 333-117998, 333-121879, 333-146649, 333-140606, 333-149295, 333-156020, 333-182893, 333-182887 | |
Nationwide VL Separate Account-A (811-6137) | 033-44792, 033-44300, 033-35775, 333-27123, 333-22677 | |
Nationwide VL Separate Account-B (811-07819) | 333-12333 | |
Nationwide VL Separate Account-C (811-8351) | 333-43639, 333-36869 | |
Nationwide VL Separate Account-D (811-08891) | 333-59517 | |
Nationwide VL Separate Account-G (811-21697) | 333-121878, 333-140608, 333-146073, 333-146650, 333-149213, 333-155153, 333-182897, 333-182896 | |
Nationwide Provident VA Separate Account 1 (811-7708) | 333-164127; 333-164125; 333-164126; 333-164124 | |
Nationwide Provident VLI Separate Account 1 (811-4460) | 333-164180; 333-164117; 333-164178; 333-164179; 333-164119; 333-164120; 333-164115; 333-164118; 333-164116 | |
Nationwide Provident VA Separate Account A (811-6484) | 333-164131; 333-164130; 333-164132; 333-164129; 333-164128 | |
Nationwide Provident VLI Separate Account A (811-8722) | 333-164188; 333-164123; 333-164185; 333-164122; 333-164121 |
General Account Products | ||
Insurance Company | 1933 Act File Nos. | |
Nationwide Life Insurance Company | 333-133163, 333-196863, 333-149613, 333-155368, 333-160418, 333-200329 | |
Nationwide Life and Annuity Insurance Company | 333-47640 |
/s/ Timothy G. Frommeyer | /s/ Eric S. Henderson | |
TIMOTHY G. FROMMEYER, Director | ERIC S. HENDERSON, Director | |
/s/ Stephen S. Rasmussen | /s/ Mark R. Thresher | |
STEPHEN S. RASMUSSEN, Director | MARK R. THRESHER, Director | |
/s/ Kirt A. Walker | /s/ John L.Carter | |
KIRT A. WALKER, Director | JOHN L. CARTER, Director |