REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | File No. 333-31725 |
Pre-Effective Amendment No. | □ |
Post-Effective Amendment No. 47 | ☑ |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | File No. 811-08301 |
Amendment No. 260 | ☑ |
Accumulation Unit – An accounting unit of 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 Cash Value minus Indebtedness and any surrender charge. |
Cash Value – The total amount 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, reduction for any long-term care benefits paid, or due and unpaid policy charges. |
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. |
Long-Term Care Specified Amount – The elected Long-Term Care Rider benefit amount adjusted for any post issue increases and decreases. This amount must be at least 10% of the Total Specified Amount and no more than 100% of the Total Specified Amount. |
Maturity Date – The policy anniversary on which the Insured reaches Attained Age 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. |
Net Amount At Risk – The base policy's 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) are issued as part of the policy and contain information specific to the policy and the Insured, including coverage and Rider elections. Updated Policy Data Page(s) will be issued if the policy owner makes any changes to coverage elections after the policy is issued. |
Policy Date – The date the policy takes effect as shown in the Policy Data Pages. Policy years, months, and anniversaries are measured from this date. |
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 – Policy Proceeds may constitute the Death Benefit, or the amount payable if the policy matures or is surrendered, adjusted to account for any unpaid charges, Indebtedness and Rider benefits. |
Premium – Amount(s) paid to purchase and maintain the policy. |
Premium Load – The aggregate of the sales load and premium tax charges. |
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 Additional (Insurance) Protection Rider. |
SEC – 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. Information on how to contact the Service Center is in the Contacting the Service Center provision. |
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 tobacco 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. |
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 as of the close of regular trading on the New York Stock Exchange. |
Variable Account – Nationwide VLI Separate Account-4, a separate account that Nationwide established to hold policy owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of which invests in a separate underlying mutual fund. |
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FEES AND EXPENSES | |||
Charges for Early Withdrawals | Surrender
Charge – For up to 9 years from the Policy Date, or effective date of any Base Policy Specified Amount increase, a surrender charge is deducted if the policy is surrendered, Lapses, or there is a requested decrease of the Base Policy
Specified Amount (see Surrender Charge). This charge will vary based upon the individual characteristics of the Insured. The maximum surrender charge is $51.18 per $1,000 of Specified Amount, or 5.118% of the
Specified Amount. For example, for a policy with a $100,000 Base Policy Specified Amount, a complete surrender could result in a surrender charge of $5,118. Partial Surrender Fee – Deducted from the partial surrender amount requested (see Partial Surrender Fee). Currently, Nationwide waives the Partial Surrender Fee. Nationwide may elect in the future to assess a Partial Surrender Fee. The Partial Surrender Fee assessed to each surrender will not exceed the lesser of $25 or 2% of the amount surrendered. | ||
Transaction Charges | The
policy owner may also be charged for other transactions as follows: • Sales Load – Deducted upon making a Premium payment. • Premium Taxes – Deducted upon making a Premium payment. • Illustration Charge – Deducted upon requesting an illustration. • Rider Charges – One time rider charges for certain benefits, deducted upon invoking the rider. See Standard Policy Charges and Policy Riders and Rider Charges. | ||
Ongoing Fees and Expenses (periodic charges) | In addition to surrender charges and transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the policy and the cost of optional benefits available under the policy, and such fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and rating classification), see Standard Policy Charges and Policy Riders and Rider Charges. Please refer to the Policy Specification Pages of your policy for rates applicable to the policy. | ||
A policy owner will also bear expenses associated with the underlying mutual funds under the policy, as shown in the following table: | |||
Annual Fee | Minimum | Maximum | |
Investment options (underlying mutual fund fees and expenses) | 0.11% 1 | 2.07% 1 | |
1 As a percentage of underlying mutual fund assets. |
RISKS | |
Risk of Loss | Policy owners of variable life insurance can lose money by investing in the policy, including loss of principal (see Principal Risks). |
Not a Short-Term Investment | The
policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash (see Principal Risks). A surrender charge may apply (see Surrender Charge). In addition, taking policy loans may increase the risk of Lapse and may result in adverse tax consequences (see Policy Loans). |
Risks Associated with Investment Options | • Investment
in this policy is subject to the risk of poor investment performance of the investment options chosen by the policy owner. • Each investment option and the Fixed Account will have its own unique risks. • Review the prospectuses and disclosures for the investment options before making an investment decision. See Principal Risks. |
RISKS | |
Insurance Company Risks | Investment in the policy is subject to the risks associated with Nationwide, including that any obligations (including under the Fixed Account), guarantees, or benefits are subject to the claims-paying ability of Nationwide. More information about Nationwide, including its financial strength ratings, is available by contacting the Service Center (see Principal Risks). |
Policy Lapse | The
policy is at risk of Lapsing when the Cash Surrender Value is insufficient to cover the monthly policy charges, including Rider charges. Cash Surrender Value can be reduced by unfavorable Investment Experience, policy loans, partial surrenders and
the deduction of policy charges. Payment of insufficient Premium may cause the policy to Lapse. There is no separate additional charge associated with reinstating a Lapsed policy. The Death Benefit will not be paid if the policy has Lapsed. For more information, see Principal Risks and Lapse. |
RESTRICTIONS | |
Investments | • Nationwide
may restrict the form in which Sub-Account transfer requests will be accepted (see Sub-Account Transfers). • Nationwide may limit the frequency and dollar amount of transfers involving the Fixed Account (see Fixed Account Transfers). • Nationwide reserves the right to add, remove, and substitute investment options available under the policy (see Addition, Deletion, or Substitution of Mutual Funds). |
Optional Benefits | • Certain
optional benefits may be subject to availability, eligibility, and/or invocation requirements. Availability of certain optional benefits may be subject to Nationwide’s underwriting approval for the optional benefit. • Policy loans are not permitted while benefits are being paid under certain optional benefits. • Nationwide reserves the right to discontinue offering any optional benefit. Such a discontinuance will only apply to new policies and will not impact any policies already In Force. For more information, see Policy Riders and Rider Charges. |
TAXES | |
Tax Implications | • Consult
with a tax professional to determine the tax implications of an investment in and payments received under this policy. • Earnings on the policy are generally not taxable to the policy owner, unless withdrawn from the policy. Partial and full surrenders from the policy will be subject to ordinary income tax and may be subject to a tax penalty. For more information, see Taxes. |
CONFLICTS OF INTEREST | |
Investment Professional Compensation | Some financial professionals receive compensation for selling the policy. Compensation can take the form of commission and other indirect compensation in that Nationwide may share the revenue it earns on this policy with the financial professional’s firm. This conflict of interest may influence a financial professional, as these financial professionals may have a financial incentive to offer or recommend this policy over another investment (see A Note on Charges). |
Exchanges | Some financial professionals may have a financial incentive to offer an investor a new policy in place of the one he/she already owns. An investor should only exchange his/her policy if he/she determines, after comparing the features, fees, and risks of both policies, that it is preferable for him/her to purchase the new policy, rather than to continue to own the existing one (see Exchanging the Policy for Another Life Insurance Policy). |
• | 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. |
• | Adjusted Sales Load Life Insurance Rider |
• | Children's Insurance Rider |
• | Long-Term Care Rider |
• | Spouse Life Insurance Rider |
• | Accidental Death Benefit Rider |
• | Premium Waiver Rider |
• | Change of Insured Rider (no charge) |
• | Additional (Insurance) Protection Rider |
• | Deduction (of Fees and Expenses) Waiver Rider |
Transaction Fees | |||
Charge | When Charge is Deducted | Amount Deducted | |
Sales Load | Upon making a Premium payment | Maximum:
$25 from each $1,000 of Premium |
Currently:
$5 from each $1,000 of Premium |
Premium Taxes | Upon making a Premium payment | Maximum:
$35 from each $1,000 of Premium |
Currently:
$35 from each $1,000 of Premium |
Illustration Charge1 | Upon requesting an illustration | Maximum:
$25 |
Currently:
$0 |
Partial Surrender Fee | Upon a partial surrender | Maximum:
lesser of $25 or 2% of the amount surrendered from the policy's Cash Value |
Currently:
$0 |
Surrender Charge† | Upon surrender, policy Lapse, and Base Policy Specified Amount decreases | Maximum:
$25,590 from the policy’s available Cash Value |
Minimum:
$2,337 from the policy’s available Cash Value |
Representative: an Issue Age 35 male non-tobacco preferred with a Base Policy Specified Amount and Total Specified Amount of $500,000, Death Benefit Option 1, and a complete surrender of the policy in the first year. | Upon surrender, policy Lapse, and Base Policy Specified Amount decreases | $3,408 from the policy’s available Cash Value | |
Policy Guard Rider Charge† | Upon invoking the Rider | Maximum:
$46.00 per $1,000 of Cash Value |
Minimum:
$6.50 per $1,000 of Cash Value |
Representative: Attained Age 85 with a Cash Value of $500,000 and Indebtedness of $480,000 | Upon invoking the Rider | $37.00 per $1,000 of Cash Value |
† | 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 policy owner will be expected to pay the Illustration Charge by check or money order at the time of the request. This charge will not be deducted from Cash Value. |
Periodic Charges Other than Annual Underlying Mutual Fund Expenses |
Base Contract Charges | |||
Charge | When Charge is Deducted | Amount Deducted | |
Cost of Insurance Charge† | Monthly | Maximum:
$83.33 per $1,000 of Net Amount At Risk |
Minimum:
$0.04 per $1,000 of Net Amount At Risk |
Representative: an Issue Age 35, in the first policy year, male; non-tobacco preferred; Base Policy Specified Amount and Total Specified Amount of $500,000; and Death Benefit Option 1 | Monthly | $0.14 per $1,000 of Net Amount At Risk | |
Flat Extra Charge1 | Monthly | Maximum:
$2.08 per $1,000 of Net Amount At Risk for each Flat Extra assessed | |
Mortality and Expense Risk Charge2 | Monthly | Maximum:
a monthly rate of $0.50 per $1,000 of Cash Value allocated to the Sub-Accounts | |
Administrative Charge | Monthly | Maximum:
$10.00 per policy |
Currently:
$10.00 per policy |
Policy Loan Interest Charge | Annually
and at the time of certain events and transactions |
Maximum:
$39 per $1,000 of Indebtedness |
Currently:
$39 per $1,000 of Indebtedness |
Optional Benefit Charges | |||
Charge | When Charge is Deducted | Amount Deducted | |
Adjusted Sales Load Life Insurance Rider Charge | Monthly | Maximum
for each 1% of Premium Load replaced: $0.14 for each $1,000 of aggregate Premiums |
Currently
for each 1% of Premium Load replaced: $0.14 for each $1,000 of aggregate Premiums |
Children's Term Insurance Rider Charge | Monthly | Maximum:
$0.43 per $1,000 of Children’s Term Insurance Rider Specified Amount |
Currently:
$0.43 per $1,000 of Children’s Term Insurance Rider Specified Amount |
Long-Term Care Rider Charge† | Monthly | Maximum:
$28.65 per $1,000 of Long-Term Care Rider Net Amount At Risk |
Minimum:
$0.02 per $1,000 of Long-Term Care Rider Net Amount At Risk |
Representative: an Attained Age 35 male non-tobacco preferred with a Long-Term Care Specified Amount of $500,000 and Death Benefit Option 1 | Monthly | $0.02 per $1,000 of Long-Term Care Rider Net Amount At Risk | |
Spouse Life Insurance Rider Charge† | Monthly | Maximum:
$10.23 per $1,000 of Spouse Life Insurance Rider Specified Amount |
Minimum:
$0.10 per $1,000 of Spouse Life Insurance Rider Specified Amount |
Optional Benefit Charges | |||
Representative
Spouse: an Attained Age 35 female non- tobacco with a Spouse Life Insurance Rider Specified Amount of $100,000 |
Monthly | $0.11
per $1,000 of Spouse Life Insurance Rider Specified Amount | |
Accidental Death Benefit Rider Charge† | Monthly | Maximum:
$0.75 per $1,000 of Accidental Death Benefit |
Minimum:
$0.05 per $1,000 of Accidental Death Benefit |
Representative:
an Attained Age 35 male non-tobacco preferred with an Accidental Death Benefit of $100,000 |
Monthly | $0.06 per $1,000 of Accidental Death Benefit | |
Premium Waiver Rider Charge† | Monthly | Maximum:
$315 per $1,000 of Premium Waiver Benefit |
Minimum:
$42 per $1,000 of Premium Waiver Benefit |
Representative:
an Attained Age 35 male non-tobacco preferred |
Monthly | $42 per $1,000 of Premium Waiver Benefit | |
Additional (Insurance) Protection Rider Charge† | Monthly | Maximum:
$83.33 per $1,000 of Rider Death Benefit |
Minimum:
$0.01 per $1,000 of Rider Death Benefit |
Representative:
an Issue Age 35, in the first policy year, male, non-tobacco preferred with a Rider Specified Amount of $250,000 |
Monthly | $0.04 per $1,000 of Rider Death Benefit | |
Deduction (of Fees and Expenses) Waiver Rider Charge† | Monthly | Maximum:
$860 per $1,000 of Waiver of Monthly Deduction Benefit |
Minimum:
$90 per $1,000 of Waiver of Monthly Deduction Benefit |
Representative:
an Attained Age 35 male non-tobacco preferred with a Base Policy Specified Amount of $500,000 and Death Benefit Option 1 |
Monthly | $90 per $1,000 of Waiver of Monthly Deduction Benefit |
† | 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 Flat Extra Charge is only applicable if certain factors result in an Insured having a Substandard Rating, see Cost of Insurance Charge. An Insured with more than one Substandard Rating may be assessed more than one Flat Extra Charge. |
2 | On a current basis, during policy years one through 15, the Mortality and Expense Risk Charge is $0.50 per $1,000 on the first $25,000 of Cash Value, and $0.25 per $1,000 on Cash Values of $25,001 up to $250,000. For Cash Values above $250,000, the charge is $0.08 per $1,000. Beginning in the policy year 16, the charge is $0.50 per $1,000 on the first $25,000 of Cash Value, and $0.08 per $1,000 of Cash Value over $25,000. The charge is only assessed against Cash Value allocated to Sub-Accounts. |
3 | After the first policy year, the monthly maximum amount is $7.50, and the monthly current amount is $5.00. |
Annual Underlying Mutual Fund Expenses | |||||
Minimum | Maximum | ||||
(Expenses that are deducted from underlying mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses, as a percentage of average underlying mutual fund assets.) | 0.11% | 2.07% |
• | 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. |
(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. |
Trading Behavior | Nationwide's Response |
Six or more transfer events within one calendar quarter | Nationwide
will mail a letter to the policy owner notifying them that:(1) they have been identified as engaging in harmful trading practices; and(2) if their transfer events total 11 within
two consecutive calendar quarters or 20 within one calendar year, the policy owner will be limited to submitting transfer requests via U.S. mail. |
11
transfer events within two consecutive calendar quarters OR 20 transfer events within one calendar year |
Nationwide will automatically limit the policy owner to submitting transfer requests via U.S. mail. |
(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). |
• | Transfers to and/or from may be prohibited during the first policy year; and |
• | Only one transfer to may be permitted every 12 months. |
• | Transfers to that exceed 20% of the value allocated to the Sub-Accounts (as of the end of the prior Valuation Period) may not be permitted; and |
• | Transfers to that would result in the Fixed Account value exceeding 30% of the Cash Value may not be permitted. |
• | Transfers from, of more than 20% of the Fixed Account value in any policy year (as of the end of the previous policy year), may not be permitted. |
• | by Internet at www.nationwide.com |
• | by telephone at 1-800-848-6331 (TDD 1-800-238-3035) |
• | by mail to Nationwide Life Insurance Company, P.O. Box 182835, Columbus, Ohio 43218-2835 |
• | by fax at 1-888-677-7393 |
• | 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. |
• | 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. |
• | the value of the Accumulation Units allocated to the Sub-Accounts, see Valuation of Accumulation Units; |
• | amounts allocated to the Fixed Account, including credited interest; and |
• | amounts allocated to the policy loan account (only if a loan was taken), including credited interest, see Policy Loans. |
• | the Total Specified Amount; |
• | Premiums paid; |
• | all charges since the last report; |
• | the current Cash Value; |
• | the Cash Surrender Value; and |
• | Indebtedness. |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Guaranteed Policy Continuation | During the Guaranteed Policy Continuation Period, the policy will not Lapse if premium requirements are satisfied | Standard | • The
Policy Continuation Premium can change due to action by the policy owner • When the Guaranteed Policy Continuation Period ends, the policy may be at risk of Lapse See Guaranteed Policy Continuation Provision |
Dollar Cost Averaging | Long-term transfer program involving automatic transfer of assets | Standard | • Transfers
are only permitted from the Fixed Account and a limited number of Sub-Accounts • Transfers may not be directed to the Fixed Account • Transfers from the Fixed Account must be no more than 1/30th of the Fixed Account value at the time the program is elected • Nationwide may modify, suspend, or discontinue these programs at any time • Transfers are only made monthly See Policy Owner Services |
Enhanced Dollar Cost Averaging | Long-term transfer program involving automatic transfer of Fixed Account allocations with higher interest crediting rate | Standard | • Only
available at the time of application, and only initial Premium is eligible for the program • Transfers are only permitted from the Fixed Account • Transfers are only made monthly and only for the first policy year See Policy Owner Services |
Asset Rebalancing | Automatic reallocation of assets on a predetermined percentage basis | Standard | • Assets
in the Fixed Account are excluded from the program • Rebalances only permitted on a three, six, or 12 month schedule See Policy Owner Services |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Automated Income Monitor | Systematic partial surrender and/or policy loan program to take an income stream of scheduled payments from the Cash Value | Standard | • Only
available to policies that are not modified endowment contracts • Policy owners are responsible for monitoring the policy to prevent Lapse • Program will terminate upon the occurrence of specified events • Nationwide may modify, suspend, or discontinue the program at any time See Policy Owner Services |
Adjusted Sales Load Life Insurance Rider | Replacement of all or a portion of Premium Load with a monthly Rider charge | Optional | • Only
available at the time of application • A Premium Load is assessed on any amount that is not replaced by the Rider • The aggregate monthly Rider charges will be greater than the amount Nationwide would have deducted as Premium Load • If the policy terminates within the first 10 policy years, Nationwide will deduct an amount from the Cash Surrender Value to compensate for the Premium Load replaced, but not recovered, as a Rider charge |
Children’s Term Insurance Rider | Provides term life insurance on the Insured’s children | Optional | • Insurance
coverage for each insured child continues until the earlier: (1) the policy anniversary on or next following the date the Insured’s child turns age 22, or (2) the policy anniversary on which the Insured reaches Attained Age 65 • Provides a conversion right, subject to limitations |
Long-Term Care Rider | Accelerates a portion of the Total Specified Amount for qualified long-term care services | Optional | • Underwriting
requirements for the Rider are separate and distinct from the policy, and the Rider does not provide benefits for certain conditions or events • If purchased six months or more after the Policy Date, new evidence of insurability is required • Long-Term Care Specified Amount must be at least 10% of the Total Specified Amount and no more than 100% of the Total Specified Amount • Subject to maximum monthly benefit • Subject to eligibility requirements to invoke the Rider • Subject to an elimination period before benefits are paid • Written notice of claim is required • Benefit associated with the Rider may not cover all long-term care costs incurred • While benefit is being paid no loans or partial surrenders may be taken from the policy |
Spouse Life Insurance Rider | Death benefit payable upon death of the Insured Spouse | Optional | • Insured
must be between Attained Age 21 and 59 when the Rider is elected • Insured Spouse must be between Attained Age 18 and 69 when the Rider is elected • Provides a conversion right, subject to limitations |
Accidental Death Benefit Rider | Payment of a benefit in addition to the Death Benefit upon the Insured’s accidental death | Optional | • Subject
to eligibility requirements for accidental death • Coverage continues until Insured reaches Attained Age 70 |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Premium Waiver Rider | Provides a monthly credit to the policy upon the Insured’s total disability | Optional | • Monthly
credit applied may not be sufficient to keep the policy from Lapsing • Cannot be elected if the Deduction (of Fees and Expenses) Waiver Rider is elected • If the Insured is younger than age 63 at the time of the total disability, coverage continues until age 65 • If the Insured is age 63 or older at the time of the total disability, coverage may continue for two years |
Change of Insured Rider | Allows policy owner to change the Insured | Optional | • Policy
owner must be an employer and the Insured an owner or employee • At the time of the change, the new Insured must have the same business relationship to the policy owner as did the previous Insured • The new Insured must have been at least 18 on the Policy Date • The new Insured must satisfy Nationwide’s underwriting requirements and may be required to submit satisfactory evidence of insurability • The policy must be In Force and not be in a Grace Period when the request is made and at the time of the change (the "change date") • New two-year suicide and contestability periods will apply to the policy |
Additional (Insurance) Protection Rider | Provides term life insurance on the Insured, in addition to that under the base policy | Optional | • Available
for post-issue election until the Insured reaches Attained Age 85 • If purchase after the Policy Date, evidence of insurability is required |
Deduction (of Fees and Expenses) Waiver Rider | Waiver of the policy’s monthly deductions if the Insured becomes totally disabled | Optional | • Available
for post-issue election so long as the policy is In Force and it is before the Policy Date on or following the date the Insured reaches age 59 • The policy’s monthly deductions will not be waived until the Insured has been disabled for six consecutive months • No benefit is available if disability results from a risk not assumed • Benefit alone may not be sufficient to keep the policy from Lapsing • Cannot be elected if the Premium Waiver Rider is elected • If disability began before Attained Age 60, the benefit may continue for as long as the disability • If disability began between Attained Age 60 and 63, the benefit may continue until Attained Age 65 • If the Insured’s total disability begins after Attained Age 63, the benefit may continue for two years |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Policy Guard Rider | Prevent the policy from Lapsing due to Indebtedness | Optional | • Only
available for policies for which the guideline premium/cash value corridor life insurance qualification test is elected • Subject to eligibility requirements to invoke the Rider • Election to invoke is irrevocable • Once invoked, all other Riders terminate • Cash Value will be transferred to the Fixed Account and may not be transferred out • No further loans or partial surrenders may be taken from the policy |
Policy
year calculated from the Policy Date or effective date of Base Policy Specified Amount increase: |
Percentage
of Initial Surrender Charge | |
1 |
100% | |
2 |
100% | |
3 |
90% | |
4 |
80% | |
5 |
70% | |
6 |
60% | |
7 |
50% | |
8 |
40% | |
9 |
30% | |
After
9 |
0 |
• | the exchange and waiver may be subject to new evidence of insurability and underwriting approval; and |
• | the following Riders have not been invoked: |
❍ | Premium Waiver Rider; |
❍ | Deduction (of Fees and Expenses Waiver Rider); or |
❍ | Long-Term Care Rider. |
• | 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). If consistent with applicable law, 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. |
Example: |
Assume the policy owner anticipated making Premium payments for five years. Therefore, the policy owner could expect to have the Rider charge assessed for 14 years (nine years plus five years). However, the policy owner actually makes the last Premium payment in policy year three and does not make any additional Premium payments. Since the policy owner did not get full "use" of the Rider (the policy owner only received three years worth of Premium Load replacement), the Rider charge will only be assessed for 12 policy years (nine years plus the three years' worth of benefit received). |
Policy Year | Percentage | |
1 |
100% | |
2 |
90% | |
3 |
80% | |
4 |
70% | |
5 |
60% | |
6 |
50% | |
7 |
40% | |
8 |
30% | |
9 |
20% | |
10 |
10% | |
11 and
later |
0% |
Example: |
Assume the policy owner elected to replace the Premium Load for seven years. During the fifth policy year, the policy owner terminates the policy. During the five years the policy was In Force, $10,000 of Premium was paid. The amount of Premium Load that the Rider replaced is $400 ($40 for each $1,000 of Premium). Therefore, Nationwide will deduct $240 (60% of $400) from the policy’s Cash Surrender Value. |
Example: |
Assume the Children’s Term Insurance Rider Specified Amount is $15,000 and the Insured has two children that meet the definition of Insured Child and the Rider is In Force. If one of the children dies, $15,000 will be paid to the named beneficiary. The rider would continue to remain in effect as long the second child meets the definition of Insured Child. Upon the death of the second Insured Child, an additional $15,000 would be paid to the named beneficiary as long as coverage under the Rider has not otherwise terminated. |
(1) | 2% of Long-Term Care Specified Amount in effect; or |
(2) | the per diem amount allowed by the Health Insurance Portability and Accountability Act times the number of days in the month. |
Example: |
Assume the Long-Term Care Specified Amount is $500,000. If the invocation requirements below are satisfied and the 90-day elimination period has been satisfied, the Owner can choose a monthly benefit up to 2% of the Long-Term Care Specified Amount ($10,000). If there is no Indebtedness, this monthly benefit will be paid until either the Insured no longer meets the eligibility requirements or the entire $500,000 has been paid. If there is Indebtedness, monthly benefits will end when the accumulated benefits become greater than or equal to the Long-Term Care Specified Amount minus Indebtedness. |
• | Waiver of the Long-Term Care Rider Charge: The Long-Term Care Rider charge will be waived while Long-Term Care Rider benefits are being paid; however, all other monthly deductions will continue to be charged as long as the policy’s Cash Surrender Value is sufficient. |
• | Policy Lapse Protection: To the extent the policy's Cash Surrender Value is insufficient to cover all other monthly deductions while benefits are being paid under the Rider, all monthly deductions will be waived and the policy will not Lapse. This includes monthly deductions for other In Force Riders. Premium requirements for any death benefit guarantee feature of the policy or any elected Rider are not waived. Once the Long-Term Care Rider benefit is no longer being paid, payment of additional Premium may be necessary to prevent the policy from Lapsing. |
• | Death Benefit: The total amount of Rider benefits paid will be subtracted from the Total Specified Amount in calculating the Death Benefit. If the remaining Death Benefit is less than 10% of: the base Policy Specified Amount minus any Indebtedness when the Insured dies and the Rider is In Force, a residual Death Benefit of: 10% of the base Policy Specified Amount minus any Indebtedness will be paid. |
• | Cash Surrender Value and Policy Loans: The Cash Surrender Value and the amount available for partial surrenders and policy loans will be reduced by the total amount of Long-Term Care benefits paid at the time a request is received. |
• | Specified Amount Decreases: Decreases in the Base Policy Specified Amount or Total Specified Amount will result in a corresponding decrease in the Long-Term Care Specified Amount if the Base Policy Specified Amount or Total Specified Amount would otherwise be less than the Long-Term Care Specified Amount after the decrease. |
• | Accelerated Death Benefit for Terminal Illness Rider: The total amount of long-term care benefits paid will be subtracted from the Death Benefit amount available to be accelerated if the Insured is terminally ill. |
• | the Insured must be between Attained Age 21 and 59 (this Rider is no longer available on or after the policy anniversary on which the Insured reaches Attained Age 59); and |
• | the Insured Spouse must be between Attained Age 18 and 69 at the time this Rider is elected. |
Example: |
Assume wife (the Insured) purchased a policy and elected the Spouse Life Insurance Rider with a Spouse Life Insurance Rider Specified Amount of $50,000 and named husband as the Insured Spouse. Both the Insured and Insured Spouse met the age requirements for the Rider at the time of election. If Insured Spouse dies prior to reaching Attained Age 70 and the Rider has not otherwise terminated, a death benefit in the amount of $50,000 is payable to the designated beneficiary. |
Example: |
Assume the policy is issued with a Base Policy Specified Amount of $500,000, an Accidental Death Benefit Rider Specified Amount of $100,000, and Death Benefit Option 1. If the Insured dies by accident as defined above prior to reaching Attained Age 70, the total death benefit paid to the beneficiary would be $600,000, as long as the Rider has not otherwise terminated. |
• | the Premium specified by the policy owner; or |
• | the average actual monthly Premiums paid over the last 36 months prior to the disability (or such shorter period of time that the policy has been In Force). |
Example: |
Assume the policy is currently In Force, the Rider is not otherwise terminated, and the following: |
• The Insured has been totally disabled for six consecutive months; |
• At the time of disability, the policy was in its 8th policy year and the Insured’s Attained Age was 59; |
• The Premium Waiver Rider Specified Premium is $700; and |
• The Premiums paid over the 36 months prior to disability totaled $24,120. |
Since the average monthly Premium paid over the 36 months prior to the disability was $670 ($24,120 divided by 36), $670 will be credited to the policy’s Cash Value on each Policy Monthaversary only until the Insured reaches Attained Age 65, or until the Insured is no longer disabled, if earlier. |
(1) | The policy owner must submit a written application to change the Insured to the Service Center; |
(2) | At the time of the change, the new Insured must have the same business relationship to the policy owner as did the previous Insured; |
(3) | The new Insured must have been at least 18 on the Policy Date; |
(4) | The new Insured must satisfy Nationwide’s underwriting requirements and may be required to submit satisfactory evidence of insurability; and |
(5) | The policy must be In Force and not be in a Grace Period when the request is made and at the time of the change (the "change date"). |
Example: |
Assume the following: |
• The policy owner is Company X; |
• The Insured at the time of policy issue was an executive officer of Company X; |
• The Insured retires while the policy is In Force and not in a Grace Period; |
• Company X applies to change the Insured to its new executive officer; |
• The new executive officer meets Nationwide’s insurability and underwriting requirements; and |
• Benefits under the Extended Death Benefit Guarantee Rider have not begun. |
Coverage of the new Insured shall become effective on the date the Insured is changed, and the policy charges will reflect the new Insured’s Attained Age, rate type and rate classification. The Death Benefit Proceeds will be paid out after the death of the new Insured. |
(1) | the policy continues to qualify as life insurance under the Code, and |
(2) | such Total Specified Amount equals or exceeds the minimum Total Specified Amount stated in the Policy Data Pages. |
• | the date the Insured dies; |
• | the original Maturity Date of the base policy; |
• | the date the policy Lapses; |
• | the date the policy terminates for any reason; or |
• | the Rider is terminated by written request to the Service Center. When a written request to terminate the Rider is received, termination will be effective the monthly anniversary of the Policy Date coinciding with or next following receipt of the written request to terminate by the Service Center. |
Example: |
Assume the Base Policy Specified Amount is $500,000, Death Benefit Option 2, the Cash Value is $40,000 and the Additional (Insurance) Protection Rider Specified Amount is $300,000. Upon the death of the Insured, if there is no Indebtedness and no Long-Term Care benefits have been paid, the Death Benefit Proceeds under the base policy will be $540,000 and the Additional (insurance) Protection Death Benefit Proceeds will be $300,000, for a total of $840,000. |
Example: |
Assume the following: |
• The
Deduction (of Fees and Expenses) Waiver Rider is elected; • The Insured becomes totally disabled after the first three years from the Policy Date and has been totally disabled for six consecutive months; and • At the time of disability, the Insured’s Attained Age was 57 The policy’s charges assessed through monthly deductions will be waived and thus not deducted from the Cash Value for as long as the Insured is no longer disabled, or until the Deduction (of Fees and Expenses) Waiver Rider is terminated. |
• | Indebtedness reaches a certain percentage of the policy's Cash Value (the percentage will range from 95% to 99% based upon the life insurance qualification test and the Insured's Attained Age); |
• | The Insured is Attained Age 75 or older; |
• | The 15th anniversary of the Policy Date has been reached, regardless of any period of Lapse, and the policy is currently In Force; |
• | The policy's Cash Value is at least $100,000; and |
• | All amounts available for partial surrender not subject to federal income tax have been taken. |
(1) | If not already in effect, the death benefit option will be changed to Death Benefit Option 1. |
(2) | The Total Specified Amount will be adjusted to equal the lesser of: (1) the Total Specified Amount immediately before the Rider was invoked; or (2) the Total Specified Amount that will cause the Death Benefit to equal the Minimum Required Death Benefit immediately after the charge for the Rider is deducted. This "new" Total Specified Amount will be used to calculate the Death Benefit pursuant to The Death Benefit provision. |
(3) | Any non-loaned Cash Value (after deduction of the Policy Guard Rider charge) will be transferred to the Fixed Account, where it will earn the minimum guaranteed fixed interest rate of the base policy (shown in the Policy Data Pages). |
Example: |
Assume a policy is currently In Force and the following: |
• Insured’s Attained Age is 75 |
• Policy is in its 27th policy year |
• Death Benefit Option 1 |
• Total Specified Amount: $700,000 |
• Indebtedness: $627,000 |
• Cash Value: $660,000 |
• Applicable age-based factor for determining rider charge: 4.60%* |
* Rate is subject to change based on policy |
Using the above assumptions, a decision to invoke the Rider would impact the policy as follows: |
(1) The death benefit option will remain at Death Benefit Option 1. |
(2) The one-time charge for invoking the Rider will be $30,360 ($660,000 x 4.60%) and will be deducted from the Cash Value, reducing the Cash Value to $629,640. |
(3) The Total Specified Amount will remain at $700,000 since it is less than the Minimum Required Death Benefit of $712,611.90. |
(4) The non-loaned Cash Value $2,640 ($629,640 - $627,000) will be transferred to the Fixed Account where it will earn at least the minimum guaranteed fixed interest rate. |
(5) The policy loan account ($627,000) will continue to earn interest at the policy's loan crediting rate. |
(6) The Indebtedness ($627,000) will continue to grow at the policy's loan interest charged rate. |
(7) After this Rider is invoked, no other changes to the policy can be made |
• | Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I |
• | Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I |
• | Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I |
Example: |
Policy owner elects to participate in Dollar Cost Averaging and has transferred $30,000 to the Fixed Account, which will serve as the source investment option for her Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be allocated as follows: $1,500 to Sub-Account L and $1,000 to Sub-Account M. Each month, Nationwide will automatically transfer $2,500 from the Fixed Account and allocate $1,000 to Sub-Account M and $1,500 to Sub-Account L until the Fixed Account is depleted. |
Beginning of Month | Fraction
of Cash Value Transferred | |
2 |
1/11 | |
3 |
1/10 | |
4 |
1/9 | |
5 |
1/8 | |
6 |
1/7 | |
7 |
1/6 | |
8 |
1/5 | |
9 |
1/4 | |
10 |
1/3 | |
11 |
1/2 | |
12 |
Remaining Amount |
Example: |
At the time of application, the policy owner elects to participate in Enhanced Dollar Cost Averaging and submits an initial Premium of $25,000 to be allocated to the Fixed Account, which will receive an enhanced interest crediting rate. He would like the Enhanced Dollar Cost Averaging transfers to be allocated as follows: 40% to Sub-Account L and 60% to Sub-Account M. Each month, Nationwide will automatically transfer Cash Value to the selected Sub-Accounts based on the schedule above (1/11 of the Cash Value will be transferred at the beginning of month 2; 1/10 of the Cash Value will be transferred at the beginning of month 3; etc.). |
Example: |
Policy owner elects to participate in Asset Rebalancing and has instructed his Cash Value be allocated as follows and rebalanced on a quarterly basis: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-Account C. Each quarter, Nationwide will automatically rebalance policy owner’s Cash Value by transferring Cash Value among the three elected Sub-Accounts so that his 40%/40%/20% allocation remains intact. |
(1) | Payment type: |
(a) | Fixed Amount: If a policy owner elected payments of a fixed amount, the amount received will not vary with policy Investment Experience; however, the length of time the elected payment amount can be sustained will vary based on the illustration assumptions below and the policy's Investment Experience; or |
(b) | Fixed Duration: If a policy owner elected payments for a fixed duration, the amount received during the first year will be based on the illustration assumptions below. After the first year, the amount will vary based on the illustration assumptions and policy Investment Experience to maintain the elected duration. |
(2) | Illustration assumptions: |
(a) | an assumed variable rate of return specified by the policy owner from the available options stated in the election form; |
(b) | minimum Cash Surrender Value targeted by the policy owner to have remaining on the policy's Maturity Date, or other date specified by the policy owner. This dollar amount is used to calculate available income. It is not guaranteed to be the Cash Surrender Value on the specified date; |
(c) | a policy owner may also request a change of death benefit option, or a decrease in Base Policy Specified Amount to be effective in conjunction with commencing a program or to occur at a future date; and |
(d) | payment frequency: monthly; quarterly; semi-annually; or annually. Payments on a monthly basis are made by direct deposit (electronic funds transfer) only. |
Example: |
Assume: |
• Insured’s Issue Age was 45. |
• Policy owner paid Premiums totaling $490,000 during the first 25 policy years. |
• Just prior to policy year 26 (Attained Age 70) the policy’s Cash Value is just over $1,000,000 and the Investment in the Contract is $490,000. |
• The policy owner completes an Automated Income Monitor election form and chooses a 5% gross rate of return, a goal of $100,000 Cash Surrender Value at Attained Age 95 and the Fixed Duration option for 25 years. |
• The first AIM In Force illustration is run that solves for an annual income amount at an assumed 5% gross rate of return and a goal of at least $100,000 of Cash Surrender Value at Attained Age 95. The result of the solve is an annual income amount of $66,720. |
A partial surrender of $66,720 will be processed and sent to the policy owner. Each year thereafter, if the Automated Income Monitor program has not been terminated, another illustration will be run with the same assumptions and income solve. The appropriate partial surrender amount based on each solve will be processed. This will continue until the entire $490,000 Investment in the Contract has been distributed through partial surrenders, then the income amounts will be processed as loans. |
(1) | To prevent adverse tax consequences, a policy owner can authorize Nationwide to make scheduled payments via policy loan when: |
(a) | the policy's cost basis is reduced to zero; |
(b) | a partial surrender within the first 15 policy years would be a taxable event; |
(c) | or to prevent the policy from becoming a MEC, see Taxes. |
Note: Partial surrenders and policy loans taken under the Automated Income Monitor program are subject to the same terms and conditions as other partial surrenders and policy loans, see Partial Surrender and Policy Loans. |
(2) | While a program is in effect, no Premium payment reminder notices will be sent unless requested; however, Premium payments will be accepted. |
(3) | Programs will terminate on the earliest of the following: |
(a) | Nationwide’s receipt at the Service Center of a written request to terminate participation; |
(b) | at the time the policy enters a Grace Period or terminates for any reason; |
(c) | at the time of a requested partial surrender or policy loan outside the program; |
(d) | upon a change of policy owner; |
(e) | for income based on a fixed duration, the end of the period the policy owner specified at the time of election; |
(f) | on any policy anniversary when the current Cash Surrender Value is less than or equal to the target Cash Surrender Value assumption the policy owner specified; |
(g) | at any time the scheduled partial surrender or policy loan would cause the policy to fail to qualify as life insurance under Section 7702 of the Code; or |
(h) | the policy's Maturity Date. |
• | 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. |
Example: |
Assume the following: |
• The policy’s Cash Value is $43,000 and it is allocated entirely to the Sub-Accounts. |
• There is no existing Indebtedness. |
• The policy owner has requested a $6,000 policy loan at the beginning of the first Policy Year. |
*For reference, the maximum policy loan would be $38,700 = $43,000 x 90% - $0.00 (Indebtedness) |
Once the $6,000 loan is approved, $6,000 is paid directly to the policy owner from Nationwide. $6,000 is transferred from the Sub-Accounts to the policy loan account. This serves as collateral for Nationwide. The policy’s Indebtedness on the day of the loan is $6,000. |
• At the end of the first Policy Year, assume the only loan the policy owner requested was the $6,000 loan. Assuming the policy owner has not made any loan repayments, the Indebtedness at the end of the next occurring policy anniversary is $6,120 due to $120 of accrued loan interest during the year ($6,000 + $120 = $6,120). Should a claim for the Death Benefit Proceeds be made, the Proceeds would be reduced by the $6,120 Indebtedness. |
• Assuming no loan repayments are ever made, Indebtedness continues to accrue interest. All unpaid loan interest will also be treated as new policy loans and loan interest will continue to accumulate as Indebtedness |
• If the policy owner submits a loan repayment, the amount of the loan repayment will be transferred from the policy loan account and credited to the Cash Value. |
• If any Indebtedness exists when the Surrender Proceeds or Death Benefit Proceeds become payable, the Proceeds will be reduced by the total Indebtedness. |
• | the amount of Premium required to pay any due and unpaid policy charges plus three times the current monthly deductions; or |
• | the amount of Premium that will bring the Guaranteed Policy Continuation Provision back into effect, if applicable. |
(1) | submitting, at any time within three years after the end of the Grace Period (or longer if required by state law) and before the Maturity Date, a written request to the Service Center to reinstate the policy; |
(2) | providing evidence of insurability satisfactory to Nationwide; |
(3) | paying sufficient Premium to keep the policy In Force for three months (or less if required by state law) from the date of reinstatement, or, if the policy is in the Guaranteed Policy Continuation Period, paying the lesser of (a) and (b) where: |
(a) | is the amount of Premium sufficient to keep the policy In Force for three months from the date of reinstatement; and |
(b) | is the amount of Premium sufficient to bring the Guaranteed Policy Continuation Provision into effect; |
(4) | paying sufficient Premium to cover all policy charges that were due and unpaid during the Grace Period; and |
(5) | repaying or reinstating any Indebtedness that existed at the end of the Grace Period. |
• | against the most recent increase in the Base Policy Specified Amount; |
• | against the next most recent increases in the Base Policy Specified Amount in succession; and |
• | against the Base Policy Specified Amount under the original application. |
• | the cash value accumulation test; or |
• | the guideline premium/cash value corridor test. |
• | The cash value accumulation test generally allows flexibility to pay more Premium, subject to Nationwide's approval of any increase in the policy's Net Amount At Risk that would result from higher Premium payments. Premium payments under the guideline premium/cash value corridor test are limited by Section 7702 of the Code. |
• | Generally, the guideline premium/cash value corridor test produces a higher Death Benefit in the early years of the policy while the cash value accumulation test produces a higher Death Benefit in the policy's later years. |
• | Monthly cost of insurance charges that vary with the amount of the Death Benefit may be greater during the years when the elected test produces a higher Death Benefit. |
(1) | if extended for the Total Specified Amount, the policy's Total Specified Amount will be equal to the Base Policy Specified Amount and will be adjusted to what it was when the Insured reached Attained Age 70, subject to any partial surrenders; |
(2) | no changes to the Base Policy Specified Amount and/or Total Specified Amount will be permitted (as they are the same); |
(3) | no changes to the death benefit option will be allowed; |
(4) | no additional Premium payments will be allowed; |
(5) | no additional monthly periodic charges will be deducted; however, loan interest will continue to be charged on Indebtedness; |
(6) | 100% of the policy's Cash Value will be transferred to the Fixed Account; |
(7) | if coverage is extended for the policy’s Cash Value, the policy's Death Benefit will become the Cash Value, regardless of the previous death benefit option choice; |
(8) | if the Policy Guard Rider is in effect prior to the extension of coverage beyond the Maturity Date, the Total Specified Amount will continue to be defined as the adjusted Total Specified Amount; and |
(9) | if the Additional (Insurance) Protection Rider is in effect, the extension of coverage beyond the Maturity Date will not apply to the Rider Specified Amount. |
• | the general account options for up to six months; |
• | on the days that it is unable to price Sub-Account Accumulation Units, see Valuation of Accumulation Units; and/or |
• | as permitted or required by federal securities laws and rules and regulations of the SEC. |
1. | The insured was an employee at any time during the 12-month period before the insured’s death. |
2. | At the time that the policy is issued, the insured is either a director, a "highly compensated employee" (as defined in the Code), or a "highly compensated individual" (as defined in the Code). |
3. | The death benefit is paid to a family member of the insured (as defined under the Code), an individual who is a designated beneficiary (other than the employee) of the insured, a trust established for either the family member’s or beneficiary’s benefit, or the insured’s estate, or |
4. | The death benefit is used to buy an equity interest in the employer from the family member of the insured, beneficiary, trust or estate. |
• | 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. |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: AllianceBernstein L.P. |
0.83%* | 9.67% | 7.23% | 6.31% |
Equity | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: AllianceBernstein L.P. |
0.59% | 28.15% | 12.86% | 13.67% |
Equity | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B This Sub-Account is only available in policies issued before May 1, 2020 Investment Advisor: AllianceBernstein L.P. |
1.15% | 10.85% | 4.97% | 5.43% |
Equity | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A Investment Advisor: AllianceBernstein L.P. |
0.80% | 35.94% | 10.16% | 13.13% |
Equity | Allspring
Variable Trust - VT Small Cap Growth Fund: Class 2 This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Allspring Funds Management, LLC Sub-Advisor: Allspring Global Investments, LLC |
1.17% | 7.64% | 22.00% | 16.22% |
Fixed Income | American
Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II Investment Advisor: American Century Investment Management, Inc. |
0.71% | 6.26% | 5.01% | 2.81% |
Allocation | American
Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I This Sub-Account is only available in policies issued before May 1, 2003 Investment Advisor: American Century Investment Management, Inc. |
0.81%* | 15.76% | 11.33% | 9.90% |
Equity | American
Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: American Century Investment Management, Inc. |
0.70% | 23.65% | 13.96% | 13.70% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | American
Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: American Century Investment Management, Inc. |
0.75%* | 23.20% | 9.41% | 12.83% |
Equity | American
Funds Insurance Series® - Washington Mutual Investors Fund: Class 4 Investment Advisor: Capital Research and Management Company |
0.77%* | 27.51% | 12.21% | 13.55% |
Fixed Income | BlackRock
Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I Investment Advisor: BlackRock Advisors, LLC Investment Sub-Advisor: BlackRock Financial Management, Inc. |
0.57%* | 5.36% | 6.36% | 6.78% |
Allocation | BlackRock
Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II Investment Advisor: BlackRock Advisors, LLC Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.90%* | 6.54% | 9.79% | 7.77% |
Equity | BNY
Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: BNY Mellon Investment Adviser, Inc. |
0.60%* | 26.14% | 11.77% | 13.88% |
Equity | BNY
Mellon Stock Index Fund, Inc.: Initial Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Mellon Investments Corporation |
0.26% | 28.41% | 18.16% | 16.25% |
Equity | BNY
Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares This Sub-Account is only available in policies issued before May 1, 2003 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Newton Investment Management Limited |
0.67% | 26.99% | 18.48% | 15.59% |
Equity | BNY
Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares This Sub-Account is only available in policies issued before May 1, 2003 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Newton Investment Management North America, LLC |
0.80%* | 25.62% | 18.19% | 16.44% |
Equity | BNY
Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Newton Investment Management North America, LLC |
0.82% | 16.46% | 11.39% | 13.57% |
Equity | Delaware
VIP Trust - Delaware VIP Small Cap Value Series: Service Class (formerly, Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class) Investment Advisor: Delaware Management Company, Inc. |
1.05% | 34.01% | 9.21% | 11.78% |
Allocation | Deutsche
DWS Variable Series II - DWS Global Income Builder VIP: Class A Investment Advisor: DWS Investment Management Americas, Inc. |
0.62% | 10.95% | 9.20% | 8.38% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | DFA
Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class Investment Advisor: Dimensional Fund Advisors LP |
0.28%* | 14.20% | 9.87% | |
Fixed Income | DFA
Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class Investment Advisor: Dimensional Fund Advisors LP Investment Sub-Advisor: Dimensional Fund Advisors LTD, DFA Australia Limited |
0.11% | 5.57% | 5.44% | |
Allocation | Federated
Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares Investment Advisor: Federated Equity Management Company of Pennsylvania Investment Sub-Advisor: Federated Investment Management Company, Federated Advisory Services Company, Fed Global |
0.98% | 18.51% | 9.22% | 8.31% |
Fixed Income | Federated
Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: Federated Investment Management Company |
0.74%* | -1.39% | 3.82% | 3.69% |
Equity | Fidelity
Variable Insurance Products - Emerging Markets Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, FIL Investment Advisors, FIL Investment Advisors (UK) Limited and FIL Investments (Japan) Limited |
1.01% | -2.28% | 14.86% | 8.33% |
Allocation | Fidelity
Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Fidelity Management & Research Company (FMR) |
0.52% | 5.79% | 8.34% | 7.56% |
Allocation | Fidelity
Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Fidelity Management & Research Company (FMR) |
0.60% | 9.46% | 10.57% | 9.14% |
Allocation | Fidelity
Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Fidelity Management & Research Company (FMR) |
0.67% | 12.24% | 12.64% | 10.97% |
Allocation | Fidelity
Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class This Sub-Account is only available in policies issued before May 1, 2003 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.59% | 9.91% | 10.01% | 8.65% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Fidelity
Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.70% | 27.70% | 20.04% | 16.52% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.90% | 54.82% | -3.54% | 0.01% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.51% | 24.89% | 11.94% | 12.53% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.61% | 23.21% | 26.29% | 19.70% |
Fixed Income | Fidelity
Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class This Sub-Account is no longer available to receive transfers or new premium payments effective May 1, 2015 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.67% | 4.41% | 5.01% | 5.61% |
Fixed Income | Fidelity
Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.49% | -0.79% | 4.22% | 3.44% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2017 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.71% | 25.50% | 13.49% | 13.17% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Fidelity
Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class This Sub-Account is no longer available to receive transfers or new premium payments effective May 1, 2005 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, FIL Investment Advisors, FIL Investment Advisors (UK) Limited and FIL Investments (Japan) Limited |
0.77% | 19.69% | 14.43% | 10.82% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, FIL Investment Advisors, FIL Investment Advisors (UK) Limited and FIL Investments (Japan) Limited |
0.87% | 19.57% | 14.31% | 10.71% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.74% | 38.85% | 9.23% | 10.30% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.88% | 33.34% | 13.66% | 13.46% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2006 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.73% | 33.47% | 13.82% | 13.62% |
Allocation | Franklin
Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Franklin Advisers, Inc. |
0.82%* | 11.68% | 8.63% | 8.95% |
Allocation | Franklin
Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022 Investment Advisor: Franklin Advisers, Inc. |
0.72% | 16.75% | 7.44% | 7.37% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Franklin
Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Franklin Mutual Advisers, LLC |
0.66% | 25.66% | 10.20% | 12.40% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 This Sub-Account is only available in policies issued before April 30, 2014 Investment Advisor: Templeton Asset Management, Ltd. |
1.44% | -5.73% | 10.59% | 4.84% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 This Sub-Account is no longer available to receive transfers or new premium payments effective May 1, 2005 Investment Advisor: Templeton Investment Counsel, LLC |
0.86%* | 4.43% | 2.97% | 4.26% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 This Sub-Account is only available in policies issued before April 30, 2014 Investment Advisor: Templeton Investment Counsel, LLC |
1.11%* | 4.15% | 2.71% | 4.00% |
Fixed Income | Franklin
Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 This Portfolio is only available in policies issued before May 1, 2019 Investment Advisor: Franklin Advisers, Inc. |
0.76%* | -4.99% | -0.94% | 1.12% |
Alternative | Goldman
Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares Investment Advisor: Goldman Sachs Asset Management, L.P. |
1.25%* | 4.83% | 3.60% | |
Allocation | Goldman
Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: Goldman Sachs Asset Management, L.P. |
0.94%* | 16.17% | 7.93% | |
Equity | Invesco
- Invesco V.I. American Franchise Fund: Series I Shares This Sub-Account is only available in policies issued before May 1, 2012 Investment Advisor: Invesco Advisers, Inc. |
0.86% | 11.92% | 21.74% | 17.37% |
Allocation | Invesco
- Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares Investment Advisor: Invesco Advisers, Inc. |
0.88%* | 9.54% | 7.46% | 6.25% |
Allocation | Invesco
- Invesco V.I. Conservative Balanced Fund: Series I This Sub-Account is only available in policies issued before May 1, 2003 Investment Advisor: Invesco Advisers, Inc. |
0.67%* | 10.63% | 9.08% | 8.47% |
Fixed Income | Invesco
- Invesco V.I. Core Plus Bond Fund: Series I Shares This Sub-Account is only available in policies issued before April 29, 2022 Investment Advisor: Invesco Advisers, Inc. |
0.62%* | -0.65% | 4.67% | 4.80% |
Equity | Invesco
- Invesco V.I. Discovery Mid Cap Growth Fund: Series I This Sub-Account is only available in policies issued before April 30, 2020 Investment Advisor: Invesco Advisers, Inc. |
0.83% | 19.09% | 23.08% | 17.83% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Invesco
- Invesco V.I. Global Fund: Series I Investment Advisor: Invesco Advisers, Inc. |
0.78% | 15.48% | 18.17% | 14.24% |
Fixed Income | Invesco
- Invesco V.I. Global Strategic Income Fund: Series I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Invesco Advisers, Inc. |
0.87%* | -3.41% | 2.37% | 3.16% |
Equity | Invesco
- Invesco V.I. Main Street Mid Cap Fund: Series I Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Invesco Advisers, Inc. |
0.93% | 23.24% | 11.43% | 10.81% |
Equity | Invesco
- Invesco V.I. Main Street Small Cap Fund: Series I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Invesco Advisers, Inc. |
0.84% | 22.55% | 13.73% | 14.68% |
Equity | Invesco
Oppenheimer V.I. International Growth Fund: Series I Investment Advisor: Invesco Advisers, Inc. |
1.00%* | 10.21% | 11.87% | 9.73% |
Allocation | Ivy
Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II This Sub-Account is only available in policies issued before May 1, 2017 Investment Advisor: Delaware Management Company Sub-Advisor: Macquarie Investment Management Global Limited, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Europe Limited |
0.87%* | 10.44% | 11.36% | 8.01% |
Fixed Income | Ivy
Variable Insurance Portfolios - Delaware Ivy High Income: Class II This Sub-Account is only available in policies issued before May 1, 2017 Investment Advisor: Delaware Management Company Sub-Advisor: Macquarie Investment Management Global Limited, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Europe Limited |
0.95% | 6.06% | 5.47% | 6.60% |
Equity | Ivy
Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: Delaware Management Company Sub-Advisor: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.10%* | 16.35% | 24.84% | 17.04% |
Allocation | Janus
Aspen Series - Janus Henderson Balanced Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: Janus Henderson Investors US LLC |
0.86% | 16.90% | 14.10% | 11.53% |
Equity | Janus
Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares Investment Advisor: Janus Henderson Investors US LLC |
0.71% | 16.83% | 19.13% | 17.22% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Janus
Aspen Series - Janus Henderson Forty Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Janus Henderson Investors US LLC |
1.02% | 22.60% | 25.26% | 19.99% |
Equity | Janus
Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares Investment Advisor: Janus Henderson Investors US LLC |
0.97% | 17.74% | 30.31% | 22.95% |
Equity | Janus
Aspen Series - Janus Henderson Overseas Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Janus Henderson Investors US LLC |
1.12% | 13.28% | 13.07% | 5.98% |
Fixed Income | Lord
Abbett Series Fund, Inc. - Total Return Portfolio: Class VC Investment Advisor: Lord, Abbett & Co. LLC |
0.71% | -0.23% | 3.61% | 3.32% |
Equity | MFS®
Variable Insurance Trust - MFS New Discovery Series: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.87%* | 1.80% | 21.29% | 16.15% |
Equity | MFS®
Variable Insurance Trust - MFS Value Series: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.70%* | 25.45% | 12.25% | 13.42% |
Equity | MFS®
Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.88%* | 9.26% | 14.22% | 10.00% |
Equity | MFS®
Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class This Sub-Account is only available in policies issued before March 27, 2015 Investment Advisor: Massachusetts Financial Services Company |
0.77%* | 25.97% | 22.83% | 17.58% |
Equity | MFS®
Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.79%* | 30.98% | 12.42% | 13.59% |
Fixed Income | Morgan
Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I This Sub-Account is only available in policies issued before May 1, 2009 Investment Advisor: Morgan Stanley Investment Management Inc. |
0.67%* | -0.32% | 4.68% | 4.54% |
Fixed Income | Morgan
Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: Morgan Stanley Investment Management Inc. Sub-Advisor: Morgan Stanley Investment Management Limited |
1.10%* | -2.02% | 3.82% | 3.86% |
Equity | Nationwide
Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Allianz Global Investors U.S. LLC |
0.97%* | -1.08% | 15.88% | 10.98% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Allspring Global Investments, LLC |
0.82%* | -4.70% | 20.15% | 16.02% |
Allocation | Nationwide
Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
0.94%* | 14.70% | 11.29% | 10.90% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT American Funds Bond Fund: Class II This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
0.85%* | -0.71% | 3.82% | 2.86% |
Equity | Nationwide
Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
1.21%* | 16.00% | 19.23% | 15.19% |
Equity | Nationwide
Variable Insurance Trust - NVIT American Funds Growth Fund: Class II This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
1.00%* | 21.53% | 24.94% | 19.24% |
Equity | Nationwide
Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
0.94%* | 23.64% | 15.94% | 14.97% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Amundi Asset Management, US |
0.83% | 5.23% | 4.41% | 4.20% |
Equity | Nationwide
Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: AQR Capital Management, LLC |
0.79% | 21.88% | 15.95% | 14.74% |
Equity | Nationwide
Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.80%* | 20.29% | 11.67% | 12.90% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I Investment Advisor: Nationwide Fund Advisors |
1.03%* | 20.18% | 12.50% | 11.70% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.87%* | 11.12% | 8.33% | 7.65% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.92%* | 15.75% | 10.63% | 9.78% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.78%* | 4.48% | 5.26% | 4.63% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.83%* | 10.23% | 7.24% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.83%* | 15.72% | 9.60% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.89%* | 13.63% | 9.56% | 8.77% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.97%* | 18.11% | 11.68% | 10.65% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.85%* | 9.22% | 7.40% | 6.73% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Insight North America LLC |
0.63%* | -0.72% | 4.13% | 3.44% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Newton Investment Management Limited |
0.61%* | 30.24% | 21.78% | 17.80% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I This Sub-Account is no longer available to receive transfers or new premium payments effective September 11, 2020 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Newton Investment Management Limited |
0.90% | 34.52% | 11.29% | 12.91% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Newton Investment Management Limited |
0.77% | 34.70% | 11.33% | 12.92% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Newton Investment Management Limited |
0.85%* | 26.80% | 15.14% | 14.28% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Bond Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.38% | -2.07% | 3.17% | 2.55% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I This Sub-Account is no longer available to receive transfers or new premium payments effective October 16, 2020 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Columbia Management Investment Advisers, LLC |
1.03%* | 10.39% | 6.20% | 5.64% |
Equity | Nationwide
Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Columbia Management Investment Advisers, LLC |
0.89%* | 10.57% | 6.24% | 5.66% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Core Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.59% | -1.02% | 3.70% | 3.37% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: DoubleLine Capital LP |
0.85%* | -0.44% | ||
Equity | Nationwide
Variable Insurance Trust - NVIT Emerging Markets Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: NS Partners Ltd and Loomis, Sayles & Company L.P. |
1.10%* | -7.27% | 8.58% | 4.30% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Federated Investment Management Company |
0.92%* | 4.96% | 5.74% | 6.33% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Government Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.71%* | -2.08% | 2.40% | 1.59% |
Money Market | Nationwide
Variable Insurance Trust - NVIT Government Money Market Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Federated Investment Management Company |
0.49% | 0.00% | 0.76% | 0.38% |
Equity | Nationwide
Variable Insurance Trust - NVIT International Equity Fund: Class I This Sub-Account is only available in policies issued before April 26, 2014 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Lazard Asset Management LLC |
1.13%* | 12.65% | 9.55% | 7.66% |
Equity | Nationwide
Variable Insurance Trust - NVIT International Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.43% | 10.84% | 9.33% | 7.85% |
Equity | Nationwide
Variable Insurance Trust - NVIT International Index Fund: Class II This Sub-Account is only available in policies issued before April 26, 2014 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: BlackRock Investment Management, LLC |
0.65% | 10.52% | 9.08% | 7.55% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.91% | 15.50% | 11.71% | 11.31% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.84% | 8.24% | 7.63% | 7.11% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II This Sub-Account is no longer available to receive transfers or new premium payments effective October 23, 2020 Investment Advisor: Nationwide Fund Advisors |
0.86% | 12.16% | 10.02% | 9.32% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P Investment Advisor: Nationwide Fund Advisors |
0.71% | 12.37% | 10.19% | 9.48% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.83% | 2.75% | 4.50% | 4.08% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.57%* | 7.72% | 6.72% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.63% | 12.33% | 8.83% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II This Sub-Account is no longer available to receive transfers or new premium payments effective October 23, 2020 Investment Advisor: Nationwide Fund Advisors |
0.86% | 10.31% | 8.82% | 8.28% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P Investment Advisor: Nationwide Fund Advisors |
0.71% | 10.43% | 8.99% | 8.43% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.87% | 13.62% | 10.85% | 10.17% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.84% | 6.70% | 6.68% | 6.20% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.73%* | -2.05% | ||
Equity | Nationwide
Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.75%* | 21.86% | ||
Alternative | Nationwide
Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class Y Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: J.P. Morgan Investment Management Inc. |
0.43%* | 7.62% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.81%* | 40.44% | 24.65% | 18.60% |
Equity | Nationwide
Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.40% | 24.25% | 12.62% | 13.76% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: American Century Investment Management, Inc., Thompson, Siegel & Walmsley LLC and Victory Capital Management Inc. |
1.02%* | 24.01% | 8.46% | 12.21% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Invesco Advisers, Inc. and Wellington Management Company, LLP |
1.09%* | 10.30% | 19.38% | 16.11% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and WCM Investment Management, LLC |
1.06%* | 32.04% | 8.39% | 12.35% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and Invesco Advisers, Inc. |
1.06%* | 30.83% | 14.86% | 14.76% |
Equity | Nationwide
Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Neuberger Berman Investment Advisers LLC |
0.94% | 26.57% | 16.95% | 15.99% |
Equity | Nationwide
Variable Insurance Trust - NVIT Real Estate Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Wellington Management Company LLP |
0.93%* | 46.74% | 13.17% | 11.23% |
Equity | Nationwide
Variable Insurance Trust - NVIT S&P 500® Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.24%* | 28.36% | 18.19% | 16.27% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Short Term Bond Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.79% | -0.58% | 1.73% | 1.48% |
Equity | Nationwide
Variable Insurance Trust - NVIT Small Cap Index Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.60%* | 14.20% | 11.50% | 12.78% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Neuberger
Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares This underlying mutual fund is only available in contracts for which good order applications were received before November 6, 2015 Investment Advisor: Neuberger Berman Investment Advisers LLC |
1.10%* | 12.72% | 19.41% | 15.05% |
Fixed Income | Neuberger
Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares This Sub-Account is only available in policies issued before May 1, 2012 Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.83% | 0.74% | 1.95% | 1.69% |
Equity | Neuberger
Berman Advisers Management Trust - Sustainable Equity Portfolio: I Class Shares This Sub-Account is only available in policies issued before May 1, 2008 Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.89% | 23.47% | 15.71% | 14.35% |
Allocation | Northern
Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 3 This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC |
0.85% | 8.50% | 6.37% | 5.26% |
Allocation | Northern
Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 3 This Portfolio is only available in policies issued before May 1, 2018 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC |
0.84% | 12.43% | 8.16% | 6.05% |
Allocation | Northern
Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 3 This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC |
0.84% | 10.98% | 7.55% | 6.03% |
Allocation | PIMCO
Variable Insurance Trust - All Asset Portfolio: Administrative Class Investment Advisor: PIMCO Investment Sub-Advisor: Research Affiliates, LLC |
1.23%* | 16.23% | 8.57% | 6.02% |
Commodities | PIMCO
Variable Insurance Trust - CommodityRealReturn® Strategy Portfolio: Administrative Class Investment Advisor: PIMCO |
0.93%* | 33.34% | 5.72% | -1.86% |
Fixed Income | PIMCO
Variable Insurance Trust - International Bond Portfolio (Unhedged): Administrative Class Investment Advisor: PIMCO |
0.91% | -7.51% | 3.13% | 1.01% |
Fixed Income | PIMCO
Variable Insurance Trust - Low Duration Portfolio: Administrative Class Investment Advisor: PIMCO |
0.65% | -0.92% | 1.54% | 1.58% |
Fixed Income | PIMCO
Variable Insurance Trust - Short-Term Portfolio: Administrative Class Investment Advisor: PIMCO |
0.60% | -0.05% | 1.77% | 1.64% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Putnam
Variable Trust - Putnam VT Growth Opportunities Fund: Class IB This Sub-Account is only available in policies issued before November 19, 2016 Investment Advisor: Putnam Investment Management, LLC Sub-Advisor: Putnam Investments Limited |
0.89% | 22.65% | 25.53% | 19.85% |
Equity | Putnam
Variable Trust - Putnam VT International Equity Fund: Class IB This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: Putnam Investment Management, LLC Sub-Advisor: Putnam Investments Limited |
1.08% | 8.82% | 9.34% | 8.31% |
Equity | Putnam
Variable Trust - Putnam VT Large Cap Value Fund: Class IB This Sub-Account is only available in policies issued before May 12, 2017 Investment Advisor: Putnam Investment Management, LLC Sub-Advisor: Putnam Investments Limited |
0.81% | 27.30% | 13.80% | 14.11% |
Alternative | Rydex
Variable Trust - Multi-Hedge Strategies Fund (formerly, Guggenheim Variable Fund - Multi-Hedge Strategies) This Sub-Account is only available in policies issued before May 1, 2019 Investment Advisor: Guggenheim Investments |
2.02%* | 8.10% | 3.70% | 2.83% |
Equity | T.
Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II Investment Advisor: T. Rowe Price Associates, Inc. |
1.19%* | 12.82% | 19.22% | 20.12% |
Fixed Income | VanEck
VIP Trust - VanEck VIP Emerging Markets Bond Fund: Initial Class (formerly, VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class) This Sub-Account is only available in policies issued before May 1, 2002 Investment Advisor: Van Eck Associates Corporation |
1.10%* | -4.05% | 4.40% | 1.17% |
Equity | VanEck
VIP Trust - VanEck VIP Emerging Markets Fund: Initial Class (formerly, VanEck VIP Trust - Emerging Markets Fund: Initial Class) This Sub-Account is only available in policies issued before May 1, 2002 Investment Advisor: Van Eck Associates Corporation |
1.16% | -11.86% | 9.28% | 6.87% |
Equity | VanEck
VIP Trust - VanEck VIP Global Resources Fund: Initial Class (formerly, VanEck VIP Trust - Global Resources Fund: Initial Class) Investment Advisor: Van Eck Associates Corporation |
1.09% | 18.91% | 2.24% | -0.12% |
Equity | Virtus
Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I Investment Advisor: Virtus Investment Advisers, Inc. Investment Sub-Advisor: Duff & Phelps Investment Management Co. |
0.85%* | 45.95% | 12.85% | 12.11% |
* | This underlying mutual fund’s current expenses reflect a temporary fee reduction. |
State | State Law Variations |
Alaska | • Additional
(Insurance) Protection Rider is not available. • Change of Insured Rider is not available. |
California | • Senior
Right to Examine Policy – Ages 60+ You may return this Policy to us within (1) 30 days after you get it, or (2) 45 days after you sign the application, or (3) 30 days after we mail or deliver the notice of withdrawal right, whichever is latest. The Policy, with a written request for cancellation, must be mailed or delivered to our Home Office or to the Agent who sold it to you. The returned Policy will be treated as if we never issued it and we will refund any premiums paid. After that time, cancellation may result in a substantial penalty, known as a Surrender Charge. Please see your Policy pages for Surrender Period and Charges. • Long-Term Care Rider is titled Accelerated Benefit Rider. |
Colorado | • Suicide provision is one year. |
Delaware | • Extends spousal rights to any party to a civil union. |
Florida | • There
are no contractual restrictions on assignments. • Maturity Date Extension Endorsement is not available. • Adjusted Sales Load Rider is not available. • Accelerated Death Benefit Rider is not available. |
Illinois | • Extends spousal rights to any party to a civil union. |
Indiana | • We
will provide written notification to juvenile Insureds that when they reach the age when non-smoker rates are first available, he or she can then qualify for non-smoker classification. The notification will be provided 60 days in advance of the
date when the juvenile first qualifies. Upon receipt of requested information from the juvenile Insured informing us they wish to change their classification, we will provide the policyowner with new specification pages disclosing the non-smoker premium class, the non-smoker rates, and the non-smoker cash values, if appropriate. |
Maryland | • Long-Term
Care Rider is titled Accelerated Death Benefit for Long-Term Care Rider. • Adjusted Sales Load Rider is not available. |
Massachusetts | • Long-Term
Care Rider is titled Accelerated Death Benefit for Chronic Illness Rider. • Accelerated Death Benefit Rider is not available. • Maturity Date Extension Endorsement is not available. |
Minnesota | • Long-Term Care Rider is not available. |
Missouri | • SUICIDE
– Suicide is no defense to payment of life insurance benefits nor is suicide while insane a defense to payment of accidental death benefits, if any, under this Policy where the Policy is issued to a Missouri citizen, unless the insurer can
show that the Insured intended suicide when he applied for the Policy, regardless of any language to the contrary in the Policy. • Suicide provision in Change of Insured Rider is one year. • Suicide provision in Additional (Insurance) Protection Rider is one year. |
State | State Law Variations |
Montana | • Policy
and Rider charges are required to be on a unisex basis. This is accomplished by treating all Insured's as male for purposes of charges that otherwise would vary by sex. Therefore, none of the charges described
in the prospectus as varying by sex, or by characteristics of the Insured, will vary by sex for policies issued in Montana. • Accidental Death Benefit Rider is not available. • Children’s Term Insurance Rider is not available. • Spouse Life Insurance Rider is not available. • Change of Insured Rider is not available. • Long-Term Care Rider is not available. • Premium Waiver Rider is not available. |
New Hampshire | • Accelerated Death Benefit Rider is not available. |
New Jersey | • Extends
spousal rights to any party to a civil union. • Change of Insured Rider is not available. |
North Dakota | • Suicide provision in the policy and rider forms is one year. |
Pennsylvania | • Adjusted
Sales Load Rider is not available. • Accelerated Benefit Rider is not available. |
Puerto Rico | • Accelerated
Benefit Rider is not available. • Waiver of Monthly Deductions Rider is not available. • Accidental Death Benefit Rider is not available. • Children’s Term Insurance Rider is not available. • Spouse Life Insurance Rider is not available. • Maturity Date Extension Endorsement for Cash Value is not available. |
South Carolina | • Long-Term
Care Rider is titled Qualified Long-Term Care Rider. • Maturity Date Extension Endorsement for Specified Amount is not available. |
Texas | • Long-Term Care Rider is titled Accelerated Death Benefit for Long-Term Care Rider. |
Utah | • Adjusted Sales Load Rider is not available. |
Vermont | • Extends
spousal rights to any party to a civil union. • Long-Term Care Rider is not available. |
Virginia | • Long-Term
Care Rider is titled Qualified Long-Term Care Rider. • Maturity Date Extension Endorsement for Specified Amount is not available. |
Virgin Islands | • Accelerated Death Benefit Rider is not available. |
Washington | • Long-Term Care and Accelerated Death Benefit Riders are not available. |
Accumulation Unit – An accounting unit of 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 Cash Value minus Indebtedness and any surrender charge. |
Cash Value – The total amount 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, reduction for any long-term care benefits paid, or due and unpaid policy charges. |
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. |
Long-Term Care Specified Amount – The elected Long-Term Care Rider benefit amount adjusted for any post issue increases and decreases. This amount must be at least 10% of the Total Specified Amount and no more than 100% of the Total Specified Amount. |
Maturity Date – The policy anniversary on which the Insured reaches Attained Age 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. |
Net Amount At Risk – The base policy's 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) are issued as part of the policy and contain information specific to the policy and the Insured, including coverage and Rider elections. Updated Policy Data Page(s) will be issued if the policy owner makes any changes to coverage elections after the policy is issued. |
Policy Date – The date the policy takes effect as shown in the Policy Data Pages. Policy years, months, and anniversaries are measured from this date. |
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 – Policy Proceeds may constitute the Death Benefit, or the amount payable if the policy matures or is surrendered, adjusted to account for any unpaid charges, Indebtedness and Rider benefits. |
Premium – Amount(s) paid to purchase and maintain the policy. |
Premium Load – The aggregate of the sales load and premium tax charges. |
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 Additional (Insurance) Protection Rider. |
SEC – 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. Information on how to contact the Service Center is in the Contacting the Service Center provision. |
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 tobacco 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. |
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 as of the close of regular trading on the New York Stock Exchange. |
Variable Account – Nationwide VLI Separate Account-4, a separate account that Nationwide established to hold policy owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of which invests in a separate underlying mutual fund. |
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FEES AND EXPENSES | |||
Charges for Early Withdrawals | Surrender
Charge – For up to 9 years from the Policy Date, or effective date of any Base Policy Specified Amount increase, a surrender charge is deducted if the policy is surrendered, Lapses, or there is a requested decrease of the Base Policy
Specified Amount (see Surrender Charge). This charge will vary based upon the individual characteristics of the Insured. The maximum surrender charge is $51.18 per $1,000 of Specified Amount, or 5.118% of the
Specified Amount. For example, for a policy with a $100,000 Base Policy Specified Amount, a complete surrender could result in a surrender charge of $5,118. Partial Surrender Fee – Deducted from the partial surrender amount requested (see Partial Surrender Fee). Currently, Nationwide waives the Partial Surrender Fee. Nationwide may elect in the future to assess a Partial Surrender Fee. The Partial Surrender Fee assessed to each surrender will not exceed the lesser of $25 or 2% of the amount surrendered. | ||
Transaction Charges | The
policy owner may also be charged for other transactions as follows: • Sales Load – Deducted upon making a Premium payment. • Premium Taxes – Deducted upon making a Premium payment. • Illustration Charge – Deducted upon requesting an illustration. • Rider Charges – One time rider charges for certain benefits, deducted upon invoking the rider. See Standard Policy Charges and Policy Riders and Rider Charges. | ||
Ongoing Fees and Expenses (periodic charges) | In addition to surrender charges and transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the policy and the cost of optional benefits available under the policy, and such fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and rating classification), see Standard Policy Charges and Policy Riders and Rider Charges. Please refer to the Policy Specification Pages of your policy for rates applicable to the policy. | ||
A policy owner will also bear expenses associated with the underlying mutual funds under the policy, as shown in the following table: | |||
Annual Fee | Minimum | Maximum | |
Investment options (underlying mutual fund fees and expenses) | 0.11% 1 | 2.07% 1 | |
1 As a percentage of underlying mutual fund assets. |
RISKS | |
Risk of Loss | Policy owners of variable life insurance can lose money by investing in the policy, including loss of principal (see Principal Risks). |
Not a Short-Term Investment | The
policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash (see Principal Risks). A surrender charge may apply (see Surrender Charge). In addition, taking policy loans may increase the risk of Lapse and may result in adverse tax consequences (see Policy Loans). |
Risks Associated with Investment Options | • Investment
in this policy is subject to the risk of poor investment performance of the investment options chosen by the policy owner. • Each investment option and the Fixed Account will have its own unique risks. • Review the prospectuses and disclosures for the investment options before making an investment decision. See Principal Risks. |
RISKS | |
Insurance Company Risks | Investment in the policy is subject to the risks associated with Nationwide, including that any obligations (including under the Fixed Account), guarantees, or benefits are subject to the claims-paying ability of Nationwide. More information about Nationwide, including its financial strength ratings, is available by contacting the Service Center (see Principal Risks). |
Policy Lapse | The
policy is at risk of Lapsing when the Cash Surrender Value is insufficient to cover the monthly policy charges, including Rider charges. Cash Surrender Value can be reduced by unfavorable Investment Experience, policy loans, partial surrenders and
the deduction of policy charges. Payment of insufficient Premium may cause the policy to Lapse. There is no separate additional charge associated with reinstating a Lapsed policy. The Death Benefit will not be paid if the policy has Lapsed. For more information, see Principal Risks and Lapse. |
RESTRICTIONS | |
Investments | • Nationwide
may restrict the form in which Sub-Account transfer requests will be accepted (see Sub-Account Transfers). • Nationwide may limit the frequency and dollar amount of transfers involving the Fixed Account (see Fixed Account Transfers). • Nationwide reserves the right to add, remove, and substitute investment options available under the policy (see Addition, Deletion, or Substitution of Mutual Funds). |
Optional Benefits | • Certain
optional benefits may be subject to availability, eligibility, and/or invocation requirements. Availability of certain optional benefits may be subject to Nationwide’s underwriting approval for the optional benefit. • Policy loans are not permitted while benefits are being paid under certain optional benefits. • Nationwide reserves the right to discontinue offering any optional benefit. Such a discontinuance will only apply to new policies and will not impact any policies already In Force. For more information, see Policy Riders and Rider Charges. |
TAXES | |
Tax Implications | • Consult
with a tax professional to determine the tax implications of an investment in and payments received under this policy. • Earnings on the policy are generally not taxable to the policy owner, unless withdrawn from the policy. Partial and full surrenders from the policy will be subject to ordinary income tax and may be subject to a tax penalty. For more information, see Taxes. |
CONFLICTS OF INTEREST | |
Investment Professional Compensation | Some financial professionals receive compensation for selling the policy. Compensation can take the form of commission and other indirect compensation in that Nationwide may share the revenue it earns on this policy with the financial professional’s firm. This conflict of interest may influence a financial professional, as these financial professionals may have a financial incentive to offer or recommend this policy over another investment (see A Note on Charges). |
Exchanges | Some financial professionals may have a financial incentive to offer an investor a new policy in place of the one he/she already owns. An investor should only exchange his/her policy if he/she determines, after comparing the features, fees, and risks of both policies, that it is preferable for him/her to purchase the new policy, rather than to continue to own the existing one (see Exchanging the Policy for Another Life Insurance Policy). |
• | 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. |
• | Adjusted Sales Load Life Insurance Rider |
• | Children's Insurance Rider |
• | Long-Term Care Rider |
• | Spouse Life Insurance Rider |
• | Accidental Death Benefit Rider |
• | Premium Waiver Rider |
• | Change of Insured Rider (no charge) |
• | Additional (Insurance) Protection Rider |
• | Deduction (of Fees and Expenses) Waiver Rider |
Transaction Fees | |||
Charge | When Charge is Deducted | Amount Deducted | |
Sales Load | Upon making a Premium payment | Maximum:
$25 from each $1,000 of Premium |
Currently:
$5 from each $1,000 of Premium |
Premium Taxes | Upon making a Premium payment | Maximum:
$35 from each $1,000 of Premium |
Currently:
$35 from each $1,000 of Premium |
Illustration Charge1 | Upon requesting an illustration | Maximum:
$25 |
Currently:
$0 |
Partial Surrender Fee | Upon a partial surrender | Maximum:
lesser of $25 or 2% of the amount surrendered from the policy's Cash Value |
Currently:
$0 |
Surrender Charge† | Upon surrender, policy Lapse, and Base Policy Specified Amount decreases | Maximum:
$25,590 from the policy’s available Cash Value |
Minimum:
$2,337 from the policy’s available Cash Value |
Representative: an Issue Age 35 male non-tobacco preferred with a Base Policy Specified Amount and Total Specified Amount of $500,000, Death Benefit Option 1, and a complete surrender of the policy in the first year. | Upon surrender, policy Lapse, and Base Policy Specified Amount decreases | $3,408 from the policy’s available Cash Value | |
Policy Guard Rider Charge† | Upon invoking the Rider | Maximum:
$46.00 per $1,000 of Cash Value |
Minimum:
$6.50 per $1,000 of Cash Value |
Representative: Attained Age 85 with a Cash Value of $500,000 and Indebtedness of $480,000 | Upon invoking the Rider | $37.00 per $1,000 of Cash Value |
† | 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 policy owner will be expected to pay the Illustration Charge by check or money order at the time of the request. This charge will not be deducted from Cash Value. |
Periodic Charges Other than Annual Underlying Mutual Fund Expenses |
Base Contract Charges | |||
Charge | When Charge is Deducted | Amount Deducted | |
Cost of Insurance Charge† | Monthly | Maximum:
$83.33 per $1,000 of Net Amount At Risk |
Minimum:
$0.04 per $1,000 of Net Amount At Risk |
Representative: an Issue Age 35, in the first policy year, male; non-tobacco preferred; Base Policy Specified Amount and Total Specified Amount of $500,000; and Death Benefit Option 1 | Monthly | $0.14 per $1,000 of Net Amount At Risk | |
Flat Extra Charge1 | Monthly | Maximum:
$2.08 per $1,000 of Net Amount At Risk for each Flat Extra assessed | |
Mortality and Expense Risk Charge2 | Monthly | Maximum:
a monthly rate of $0.50 per $1,000 of Cash Value allocated to the Sub-Accounts | |
Administrative Charge | Monthly | Maximum:
$10.00 per policy |
Currently:
$10.00 per policy |
Policy Loan Interest Charge | Annually
and at the time of certain events and transactions |
Maximum:
$39 per $1,000 of Indebtedness |
Currently:
$39 per $1,000 of Indebtedness |
Optional Benefit Charges | |||
Charge | When Charge is Deducted | Amount Deducted | |
Adjusted Sales Load Life Insurance Rider Charge | Monthly | Maximum
for each 1% of Premium Load replaced: $0.14 for each $1,000 of aggregate Premiums |
Currently
for each 1% of Premium Load replaced: $0.14 for each $1,000 of aggregate Premiums |
Children's Term Insurance Rider Charge | Monthly | Maximum:
$0.43 per $1,000 of Children’s Term Insurance Rider Specified Amount |
Currently:
$0.43 per $1,000 of Children’s Term Insurance Rider Specified Amount |
Long-Term Care Rider Charge† | Monthly | Maximum:
$28.65 per $1,000 of Long-Term Care Rider Net Amount At Risk |
Minimum:
$0.02 per $1,000 of Long-Term Care Rider Net Amount At Risk |
Representative: an Attained Age 35 male non-tobacco preferred with a Long-Term Care Specified Amount of $500,000 and Death Benefit Option 1 | Monthly | $0.02 per $1,000 of Long-Term Care Rider Net Amount At Risk | |
Spouse Life Insurance Rider Charge† | Monthly | Maximum:
$10.23 per $1,000 of Spouse Life Insurance Rider Specified Amount |
Minimum:
$0.10 per $1,000 of Spouse Life Insurance Rider Specified Amount |
Optional Benefit Charges | |||
Representative
Spouse: an Attained Age 35 female non- tobacco with a Spouse Life Insurance Rider Specified Amount of $100,000 |
Monthly | $0.11
per $1,000 of Spouse Life Insurance Rider Specified Amount | |
Accidental Death Benefit Rider Charge† | Monthly | Maximum:
$0.75 per $1,000 of Accidental Death Benefit |
Minimum:
$0.05 per $1,000 of Accidental Death Benefit |
Representative:
an Attained Age 35 male non-tobacco preferred with an Accidental Death Benefit of $100,000 |
Monthly | $0.06 per $1,000 of Accidental Death Benefit | |
Premium Waiver Rider Charge† | Monthly | Maximum:
$315 per $1,000 of Premium Waiver Benefit |
Minimum:
$42 per $1,000 of Premium Waiver Benefit |
Representative:
an Attained Age 35 male non-tobacco preferred |
Monthly | $42 per $1,000 of Premium Waiver Benefit | |
Additional (Insurance) Protection Rider Charge† | Monthly | Maximum:
$83.33 per $1,000 of Rider Death Benefit |
Minimum:
$0.01 per $1,000 of Rider Death Benefit |
Representative:
an Issue Age 35, in the first policy year, male, non-tobacco preferred with a Rider Specified Amount of $250,000 |
Monthly | $0.04 per $1,000 of Rider Death Benefit | |
Deduction (of Fees and Expenses) Waiver Rider Charge† | Monthly | Maximum:
$860 per $1,000 of Waiver of Monthly Deduction Benefit |
Minimum:
$90 per $1,000 of Waiver of Monthly Deduction Benefit |
Representative:
an Attained Age 35 male non-tobacco preferred with a Base Policy Specified Amount of $500,000 and Death Benefit Option 1 |
Monthly | $90 per $1,000 of Waiver of Monthly Deduction Benefit |
† | 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 Flat Extra Charge is only applicable if certain factors result in an Insured having a Substandard Rating, see Cost of Insurance Charge. An Insured with more than one Substandard Rating may be assessed more than one Flat Extra Charge. |
2 | On a current basis, during policy years one through 15, the Mortality and Expense Risk Charge is $0.50 per $1,000 on the first $25,000 of Cash Value, and $0.25 per $1,000 on Cash Values of $25,001 up to $250,000. For Cash Values above $250,000, the charge is $0.08 per $1,000. Beginning in the policy year 16, the charge is $0.50 per $1,000 on the first $25,000 of Cash Value, and $0.08 per $1,000 of Cash Value over $25,000. The charge is only assessed against Cash Value allocated to Sub-Accounts. |
3 | After the first policy year, the monthly maximum amount is $7.50, and the monthly current amount is $5.00. |
Annual Underlying Mutual Fund Expenses | |||||
Minimum | Maximum | ||||
(Expenses that are deducted from underlying mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses, as a percentage of average underlying mutual fund assets.) | 0.11% | 2.07% |
• | 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. |
(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. |
Trading Behavior | Nationwide's Response |
Six or more transfer events within one calendar quarter | Nationwide
will mail a letter to the policy owner notifying them that:(1) they have been identified as engaging in harmful trading practices; and(2) if their transfer events total 11 within
two consecutive calendar quarters or 20 within one calendar year, the policy owner will be limited to submitting transfer requests via U.S. mail. |
11
transfer events within two consecutive calendar quarters OR 20 transfer events within one calendar year |
Nationwide will automatically limit the policy owner to submitting transfer requests via U.S. mail. |
(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). |
• | Transfers to and/or from may be prohibited during the first policy year; and |
• | Only one transfer to may be permitted every 12 months. |
• | Transfers to that exceed 20% of the value allocated to the Sub-Accounts (as of the end of the prior Valuation Period) may not be permitted; and |
• | Transfers to that would result in the Fixed Account value exceeding 30% of the Cash Value may not be permitted. |
• | Transfers from, of more than 20% of the Fixed Account value in any policy year (as of the end of the previous policy year), may not be permitted. |
• | by Internet at www.nationwide.com |
• | by telephone at 1-800-848-6331 (TDD 1-800-238-3035) |
• | by mail to Nationwide Life Insurance Company, P.O. Box 182835, Columbus, Ohio 43218-2835 |
• | by fax at 1-888-677-7393 |
• | 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. |
• | 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. |
• | the value of the Accumulation Units allocated to the Sub-Accounts, see Valuation of Accumulation Units; |
• | amounts allocated to the Fixed Account, including credited interest; and |
• | amounts allocated to the policy loan account (only if a loan was taken), including credited interest, see Policy Loans. |
• | the Total Specified Amount; |
• | Premiums paid; |
• | all charges since the last report; |
• | the current Cash Value; |
• | the Cash Surrender Value; and |
• | Indebtedness. |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Guaranteed Policy Continuation | During the Guaranteed Policy Continuation Period, the policy will not Lapse if premium requirements are satisfied | Standard | • The
Policy Continuation Premium can change due to action by the policy owner • When the Guaranteed Policy Continuation Period ends, the policy may be at risk of Lapse See Guaranteed Policy Continuation Provision |
Dollar Cost Averaging | Long-term transfer program involving automatic transfer of assets | Standard | • Transfers
are only permitted from the Fixed Account and a limited number of Sub-Accounts • Transfers may not be directed to the Fixed Account • Transfers from the Fixed Account must be no more than 1/30th of the Fixed Account value at the time the program is elected • Nationwide may modify, suspend, or discontinue these programs at any time • Transfers are only made monthly See Policy Owner Services |
Enhanced Dollar Cost Averaging | Long-term transfer program involving automatic transfer of Fixed Account allocations with higher interest crediting rate | Standard | • Only
available at the time of application, and only initial Premium is eligible for the program • Transfers are only permitted from the Fixed Account • Transfers are only made monthly and only for the first policy year See Policy Owner Services |
Asset Rebalancing | Automatic reallocation of assets on a predetermined percentage basis | Standard | • Assets
in the Fixed Account are excluded from the program • Rebalances only permitted on a three, six, or 12 month schedule See Policy Owner Services |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Automated Income Monitor | Systematic partial surrender and/or policy loan program to take an income stream of scheduled payments from the Cash Value | Standard | • Only
available to policies that are not modified endowment contracts • Policy owners are responsible for monitoring the policy to prevent Lapse • Program will terminate upon the occurrence of specified events • Nationwide may modify, suspend, or discontinue the program at any time See Policy Owner Services |
Adjusted Sales Load Life Insurance Rider | Replacement of all or a portion of Premium Load with a monthly Rider charge | Optional | • Only
available at the time of application • A Premium Load is assessed on any amount that is not replaced by the Rider • The aggregate monthly Rider charges will be greater than the amount Nationwide would have deducted as Premium Load • If the policy terminates within the first 10 policy years, Nationwide will deduct an amount from the Cash Surrender Value to compensate for the Premium Load replaced, but not recovered, as a Rider charge |
Children’s Term Insurance Rider | Provides term life insurance on the Insured’s children | Optional | • Insurance
coverage for each insured child continues until the earlier: (1) the policy anniversary on or next following the date the Insured’s child turns age 22, or (2) the policy anniversary on which the Insured reaches Attained Age 65 • Provides a conversion right, subject to limitations |
Long-Term Care Rider | Accelerates a portion of the Total Specified Amount for qualified long-term care services | Optional | • Underwriting
requirements for the Rider are separate and distinct from the policy, and the Rider does not provide benefits for certain conditions or events • If purchased six months or more after the Policy Date, new evidence of insurability is required • Long-Term Care Specified Amount must be at least 10% of the Total Specified Amount and no more than 100% of the Total Specified Amount • Subject to maximum monthly benefit • Subject to eligibility requirements to invoke the Rider • Subject to an elimination period before benefits are paid • Written notice of claim is required • Benefit associated with the Rider may not cover all long-term care costs incurred • While benefit is being paid no loans or partial surrenders may be taken from the policy |
Spouse Life Insurance Rider | Death benefit payable upon death of the Insured Spouse | Optional | • Insured
must be between Attained Age 21 and 59 when the Rider is elected • Insured Spouse must be between Attained Age 18 and 69 when the Rider is elected • Provides a conversion right, subject to limitations |
Accidental Death Benefit Rider | Payment of a benefit in addition to the Death Benefit upon the Insured’s accidental death | Optional | • Subject
to eligibility requirements for accidental death • Coverage continues until Insured reaches Attained Age 70 |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Premium Waiver Rider | Provides a monthly credit to the policy upon the Insured’s total disability | Optional | • Monthly
credit applied may not be sufficient to keep the policy from Lapsing • Cannot be elected if the Deduction (of Fees and Expenses) Waiver Rider is elected • If the Insured is younger than age 63 at the time of the total disability, coverage continues until age 65 • If the Insured is age 63 or older at the time of the total disability, coverage may continue for two years |
Change of Insured Rider | Allows policy owner to change the Insured | Optional | • Policy
owner must be an employer and the Insured an owner or employee • At the time of the change, the new Insured must have the same business relationship to the policy owner as did the previous Insured • The new Insured must have been at least 18 on the Policy Date • The new Insured must satisfy Nationwide’s underwriting requirements and may be required to submit satisfactory evidence of insurability • The policy must be In Force and not be in a Grace Period when the request is made and at the time of the change (the "change date") • New two-year suicide and contestability periods will apply to the policy |
Additional (Insurance) Protection Rider | Provides term life insurance on the Insured, in addition to that under the base policy | Optional | • Available
for post-issue election until the Insured reaches Attained Age 85 • If purchase after the Policy Date, evidence of insurability is required |
Deduction (of Fees and Expenses) Waiver Rider | Waiver of the policy’s monthly deductions if the Insured becomes totally disabled | Optional | • Available
for post-issue election so long as the policy is In Force and it is before the Policy Date on or following the date the Insured reaches age 59 • The policy’s monthly deductions will not be waived until the Insured has been disabled for six consecutive months • No benefit is available if disability results from a risk not assumed • Benefit alone may not be sufficient to keep the policy from Lapsing • Cannot be elected if the Premium Waiver Rider is elected • If disability began before Attained Age 60, the benefit may continue for as long as the disability • If disability began between Attained Age 60 and 63, the benefit may continue until Attained Age 65 • If the Insured’s total disability begins after Attained Age 63, the benefit may continue for two years |
Name of Benefit | Purpose | Is Benefit Standard or Optional | Brief Description of Restrictions/Limitations |
Policy Guard Rider | Prevent the policy from Lapsing due to Indebtedness | Optional | • Only
available for policies for which the guideline premium/cash value corridor life insurance qualification test is elected • Subject to eligibility requirements to invoke the Rider • Election to invoke is irrevocable • Once invoked, all other Riders terminate • Cash Value will be transferred to the Fixed Account and may not be transferred out • No further loans or partial surrenders may be taken from the policy |
Policy
year calculated from the Policy Date or effective date of Base Policy Specified Amount increase: |
Percentage
of Initial Surrender Charge | |
1 |
100% | |
2 |
100% | |
3 |
90% | |
4 |
80% | |
5 |
70% | |
6 |
60% | |
7 |
50% | |
8 |
40% | |
9 |
30% | |
After
9 |
0 |
• | the exchange and waiver may be subject to new evidence of insurability and underwriting approval; and |
• | the following Riders have not been invoked: |
❍ | Premium Waiver Rider; |
❍ | Deduction (of Fees and Expenses Waiver Rider); or |
❍ | Long-Term Care Rider. |
• | 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). If consistent with applicable law, 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. |
Example: |
Assume the policy owner anticipated making Premium payments for five years. Therefore, the policy owner could expect to have the Rider charge assessed for 14 years (nine years plus five years). However, the policy owner actually makes the last Premium payment in policy year three and does not make any additional Premium payments. Since the policy owner did not get full "use" of the Rider (the policy owner only received three years worth of Premium Load replacement), the Rider charge will only be assessed for 12 policy years (nine years plus the three years' worth of benefit received). |
Policy Year | Percentage | |
1 |
100% | |
2 |
90% | |
3 |
80% | |
4 |
70% | |
5 |
60% | |
6 |
50% | |
7 |
40% | |
8 |
30% | |
9 |
20% | |
10 |
10% | |
11 and
later |
0% |
Example: |
Assume the policy owner elected to replace the Premium Load for seven years. During the fifth policy year, the policy owner terminates the policy. During the five years the policy was In Force, $10,000 of Premium was paid. The amount of Premium Load that the Rider replaced is $400 ($40 for each $1,000 of Premium). Therefore, Nationwide will deduct $240 (60% of $400) from the policy’s Cash Surrender Value. |
Example: |
Assume the Children’s Term Insurance Rider Specified Amount is $15,000 and the Insured has two children that meet the definition of Insured Child and the Rider is In Force. If one of the children dies, $15,000 will be paid to the named beneficiary. The rider would continue to remain in effect as long the second child meets the definition of Insured Child. Upon the death of the second Insured Child, an additional $15,000 would be paid to the named beneficiary as long as coverage under the Rider has not otherwise terminated. |
(1) | 2% of Long-Term Care Specified Amount in effect; or |
(2) | the per diem amount allowed by the Health Insurance Portability and Accountability Act times the number of days in the month. |
Example: |
Assume the Long-Term Care Specified Amount is $500,000. If the invocation requirements below are satisfied and the 90-day elimination period has been satisfied, the Owner can choose a monthly benefit up to 2% of the Long-Term Care Specified Amount ($10,000). If there is no Indebtedness, this monthly benefit will be paid until either the Insured no longer meets the eligibility requirements or the entire $500,000 has been paid. If there is Indebtedness, monthly benefits will end when the accumulated benefits become greater than or equal to the Long-Term Care Specified Amount minus Indebtedness. |
• | Waiver of the Long-Term Care Rider Charge: The Long-Term Care Rider charge will be waived while Long-Term Care Rider benefits are being paid; however, all other monthly deductions will continue to be charged as long as the policy’s Cash Surrender Value is sufficient. |
• | Policy Lapse Protection: To the extent the policy's Cash Surrender Value is insufficient to cover all other monthly deductions while benefits are being paid under the Rider, all monthly deductions will be waived and the policy will not Lapse. This includes monthly deductions for other In Force Riders. Premium requirements for any death benefit guarantee feature of the policy or any elected Rider are not waived. Once the Long-Term Care Rider benefit is no longer being paid, payment of additional Premium may be necessary to prevent the policy from Lapsing. |
• | Death Benefit: The total amount of Rider benefits paid will be subtracted from the Total Specified Amount in calculating the Death Benefit. If the remaining Death Benefit is less than 10% of: the base Policy Specified Amount minus any Indebtedness when the Insured dies and the Rider is In Force, a residual Death Benefit of: 10% of the base Policy Specified Amount minus any Indebtedness will be paid. |
• | Cash Surrender Value and Policy Loans: The Cash Surrender Value and the amount available for partial surrenders and policy loans will be reduced by the total amount of Long-Term Care benefits paid at the time a request is received. |
• | Specified Amount Decreases: Decreases in the Base Policy Specified Amount or Total Specified Amount will result in a corresponding decrease in the Long-Term Care Specified Amount if the Base Policy Specified Amount or Total Specified Amount would otherwise be less than the Long-Term Care Specified Amount after the decrease. |
• | Accelerated Death Benefit for Terminal Illness Rider: The total amount of long-term care benefits paid will be subtracted from the Death Benefit amount available to be accelerated if the Insured is terminally ill. |
• | the Insured must be between Attained Age 21 and 59 (this Rider is no longer available on or after the policy anniversary on which the Insured reaches Attained Age 59); and |
• | the Insured Spouse must be between Attained Age 18 and 69 at the time this Rider is elected. |
Example: |
Assume wife (the Insured) purchased a policy and elected the Spouse Life Insurance Rider with a Spouse Life Insurance Rider Specified Amount of $50,000 and named husband as the Insured Spouse. Both the Insured and Insured Spouse met the age requirements for the Rider at the time of election. If Insured Spouse dies prior to reaching Attained Age 70 and the Rider has not otherwise terminated, a death benefit in the amount of $50,000 is payable to the designated beneficiary. |
Example: |
Assume the policy is issued with a Base Policy Specified Amount of $500,000, an Accidental Death Benefit Rider Specified Amount of $100,000, and Death Benefit Option 1. If the Insured dies by accident as defined above prior to reaching Attained Age 70, the total death benefit paid to the beneficiary would be $600,000, as long as the Rider has not otherwise terminated. |
• | the Premium specified by the policy owner; or |
• | the average actual monthly Premiums paid over the last 36 months prior to the disability (or such shorter period of time that the policy has been In Force). |
Example: |
Assume the policy is currently In Force, the Rider is not otherwise terminated, and the following: |
• The Insured has been totally disabled for six consecutive months; |
• At the time of disability, the policy was in its 8th policy year and the Insured’s Attained Age was 59; |
• The Premium Waiver Rider Specified Premium is $700; and |
• The Premiums paid over the 36 months prior to disability totaled $24,120. |
Since the average monthly Premium paid over the 36 months prior to the disability was $670 ($24,120 divided by 36), $670 will be credited to the policy’s Cash Value on each Policy Monthaversary only until the Insured reaches Attained Age 65, or until the Insured is no longer disabled, if earlier. |
(1) | The policy owner must submit a written application to change the Insured to the Service Center; |
(2) | At the time of the change, the new Insured must have the same business relationship to the policy owner as did the previous Insured; |
(3) | The new Insured must have been at least 18 on the Policy Date; |
(4) | The new Insured must satisfy Nationwide’s underwriting requirements and may be required to submit satisfactory evidence of insurability; and |
(5) | The policy must be In Force and not be in a Grace Period when the request is made and at the time of the change (the "change date"). |
Example: |
Assume the following: |
• The policy owner is Company X; |
• The Insured at the time of policy issue was an executive officer of Company X; |
• The Insured retires while the policy is In Force and not in a Grace Period; |
• Company X applies to change the Insured to its new executive officer; |
• The new executive officer meets Nationwide’s insurability and underwriting requirements; and |
• Benefits under the Extended Death Benefit Guarantee Rider have not begun. |
Coverage of the new Insured shall become effective on the date the Insured is changed, and the policy charges will reflect the new Insured’s Attained Age, rate type and rate classification. The Death Benefit Proceeds will be paid out after the death of the new Insured. |
(1) | the policy continues to qualify as life insurance under the Code, and |
(2) | such Total Specified Amount equals or exceeds the minimum Total Specified Amount stated in the Policy Data Pages. |
• | the date the Insured dies; |
• | the original Maturity Date of the base policy; |
• | the date the policy Lapses; |
• | the date the policy terminates for any reason; or |
• | the Rider is terminated by written request to the Service Center. When a written request to terminate the Rider is received, termination will be effective the monthly anniversary of the Policy Date coinciding with or next following receipt of the written request to terminate by the Service Center. |
Example: |
Assume the Base Policy Specified Amount is $500,000, Death Benefit Option 2, the Cash Value is $40,000 and the Additional (Insurance) Protection Rider Specified Amount is $300,000. Upon the death of the Insured, if there is no Indebtedness and no Long-Term Care benefits have been paid, the Death Benefit Proceeds under the base policy will be $540,000 and the Additional (insurance) Protection Death Benefit Proceeds will be $300,000, for a total of $840,000. |
Example: |
Assume the following: |
• The
Deduction (of Fees and Expenses) Waiver Rider is elected; • The Insured becomes totally disabled after the first three years from the Policy Date and has been totally disabled for six consecutive months; and • At the time of disability, the Insured’s Attained Age was 57 The policy’s charges assessed through monthly deductions will be waived and thus not deducted from the Cash Value for as long as the Insured is no longer disabled, or until the Deduction (of Fees and Expenses) Waiver Rider is terminated. |
• | Indebtedness reaches a certain percentage of the policy's Cash Value (the percentage will range from 95% to 99% based upon the life insurance qualification test and the Insured's Attained Age); |
• | The Insured is Attained Age 75 or older; |
• | The 15th anniversary of the Policy Date has been reached, regardless of any period of Lapse, and the policy is currently In Force; |
• | The policy's Cash Value is at least $100,000; and |
• | All amounts available for partial surrender not subject to federal income tax have been taken. |
(1) | If not already in effect, the death benefit option will be changed to Death Benefit Option 1. |
(2) | The Total Specified Amount will be adjusted to equal the lesser of: (1) the Total Specified Amount immediately before the Rider was invoked; or (2) the Total Specified Amount that will cause the Death Benefit to equal the Minimum Required Death Benefit immediately after the charge for the Rider is deducted. This "new" Total Specified Amount will be used to calculate the Death Benefit pursuant to The Death Benefit provision. |
(3) | Any non-loaned Cash Value (after deduction of the Policy Guard Rider charge) will be transferred to the Fixed Account, where it will earn the minimum guaranteed fixed interest rate of the base policy (shown in the Policy Data Pages). |
Example: |
Assume a policy is currently In Force and the following: |
• Insured’s Attained Age is 75 |
• Policy is in its 27th policy year |
• Death Benefit Option 1 |
• Total Specified Amount: $700,000 |
• Indebtedness: $627,000 |
• Cash Value: $660,000 |
• Applicable age-based factor for determining rider charge: 4.60%* |
* Rate is subject to change based on policy |
Using the above assumptions, a decision to invoke the Rider would impact the policy as follows: |
(1) The death benefit option will remain at Death Benefit Option 1. |
(2) The one-time charge for invoking the Rider will be $30,360 ($660,000 x 4.60%) and will be deducted from the Cash Value, reducing the Cash Value to $629,640. |
(3) The Total Specified Amount will remain at $700,000 since it is less than the Minimum Required Death Benefit of $712,611.90. |
(4) The non-loaned Cash Value $2,640 ($629,640 - $627,000) will be transferred to the Fixed Account where it will earn at least the minimum guaranteed fixed interest rate. |
(5) The policy loan account ($627,000) will continue to earn interest at the policy's loan crediting rate. |
(6) The Indebtedness ($627,000) will continue to grow at the policy's loan interest charged rate. |
(7) After this Rider is invoked, no other changes to the policy can be made |
• | Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I |
• | Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I |
• | Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I |
Example: |
Policy owner elects to participate in Dollar Cost Averaging and has transferred $30,000 to the Fixed Account, which will serve as the source investment option for her Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be allocated as follows: $1,500 to Sub-Account L and $1,000 to Sub-Account M. Each month, Nationwide will automatically transfer $2,500 from the Fixed Account and allocate $1,000 to Sub-Account M and $1,500 to Sub-Account L until the Fixed Account is depleted. |
Beginning of Month | Fraction
of Cash Value Transferred | |
2 |
1/11 | |
3 |
1/10 | |
4 |
1/9 | |
5 |
1/8 | |
6 |
1/7 | |
7 |
1/6 | |
8 |
1/5 | |
9 |
1/4 | |
10 |
1/3 | |
11 |
1/2 | |
12 |
Remaining Amount |
Example: |
At the time of application, the policy owner elects to participate in Enhanced Dollar Cost Averaging and submits an initial Premium of $25,000 to be allocated to the Fixed Account, which will receive an enhanced interest crediting rate. He would like the Enhanced Dollar Cost Averaging transfers to be allocated as follows: 40% to Sub-Account L and 60% to Sub-Account M. Each month, Nationwide will automatically transfer Cash Value to the selected Sub-Accounts based on the schedule above (1/11 of the Cash Value will be transferred at the beginning of month 2; 1/10 of the Cash Value will be transferred at the beginning of month 3; etc.). |
Example: |
Policy owner elects to participate in Asset Rebalancing and has instructed his Cash Value be allocated as follows and rebalanced on a quarterly basis: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-Account C. Each quarter, Nationwide will automatically rebalance policy owner’s Cash Value by transferring Cash Value among the three elected Sub-Accounts so that his 40%/40%/20% allocation remains intact. |
(1) | Payment type: |
(a) | Fixed Amount: If a policy owner elected payments of a fixed amount, the amount received will not vary with policy Investment Experience; however, the length of time the elected payment amount can be sustained will vary based on the illustration assumptions below and the policy's Investment Experience; or |
(b) | Fixed Duration: If a policy owner elected payments for a fixed duration, the amount received during the first year will be based on the illustration assumptions below. After the first year, the amount will vary based on the illustration assumptions and policy Investment Experience to maintain the elected duration. |
(2) | Illustration assumptions: |
(a) | an assumed variable rate of return specified by the policy owner from the available options stated in the election form; |
(b) | minimum Cash Surrender Value targeted by the policy owner to have remaining on the policy's Maturity Date, or other date specified by the policy owner. This dollar amount is used to calculate available income. It is not guaranteed to be the Cash Surrender Value on the specified date; |
(c) | a policy owner may also request a change of death benefit option, or a decrease in Base Policy Specified Amount to be effective in conjunction with commencing a program or to occur at a future date; and |
(d) | payment frequency: monthly; quarterly; semi-annually; or annually. Payments on a monthly basis are made by direct deposit (electronic funds transfer) only. |
Example: |
Assume: |
• Insured’s Issue Age was 45. |
• Policy owner paid Premiums totaling $490,000 during the first 25 policy years. |
• Just prior to policy year 26 (Attained Age 70) the policy’s Cash Value is just over $1,000,000 and the Investment in the Contract is $490,000. |
• The policy owner completes an Automated Income Monitor election form and chooses a 5% gross rate of return, a goal of $100,000 Cash Surrender Value at Attained Age 95 and the Fixed Duration option for 25 years. |
• The first AIM In Force illustration is run that solves for an annual income amount at an assumed 5% gross rate of return and a goal of at least $100,000 of Cash Surrender Value at Attained Age 95. The result of the solve is an annual income amount of $66,720. |
A partial surrender of $66,720 will be processed and sent to the policy owner. Each year thereafter, if the Automated Income Monitor program has not been terminated, another illustration will be run with the same assumptions and income solve. The appropriate partial surrender amount based on each solve will be processed. This will continue until the entire $490,000 Investment in the Contract has been distributed through partial surrenders, then the income amounts will be processed as loans. |
(1) | To prevent adverse tax consequences, a policy owner can authorize Nationwide to make scheduled payments via policy loan when: |
(a) | the policy's cost basis is reduced to zero; |
(b) | a partial surrender within the first 15 policy years would be a taxable event; |
(c) | or to prevent the policy from becoming a MEC, see Taxes. |
Note: Partial surrenders and policy loans taken under the Automated Income Monitor program are subject to the same terms and conditions as other partial surrenders and policy loans, see Partial Surrender and Policy Loans. |
(2) | While a program is in effect, no Premium payment reminder notices will be sent unless requested; however, Premium payments will be accepted. |
(3) | Programs will terminate on the earliest of the following: |
(a) | Nationwide’s receipt at the Service Center of a written request to terminate participation; |
(b) | at the time the policy enters a Grace Period or terminates for any reason; |
(c) | at the time of a requested partial surrender or policy loan outside the program; |
(d) | upon a change of policy owner; |
(e) | for income based on a fixed duration, the end of the period the policy owner specified at the time of election; |
(f) | on any policy anniversary when the current Cash Surrender Value is less than or equal to the target Cash Surrender Value assumption the policy owner specified; |
(g) | at any time the scheduled partial surrender or policy loan would cause the policy to fail to qualify as life insurance under Section 7702 of the Code; or |
(h) | the policy's Maturity Date. |
• | 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. |
Example: |
Assume the following: |
• The policy’s Cash Value is $43,000 and it is allocated entirely to the Sub-Accounts. |
• There is no existing Indebtedness. |
• The policy owner has requested a $6,000 policy loan at the beginning of the first Policy Year. |
*For reference, the maximum policy loan would be $38,700 = $43,000 x 90% - $0.00 (Indebtedness) |
Once the $6,000 loan is approved, $6,000 is paid directly to the policy owner from Nationwide. $6,000 is transferred from the Sub-Accounts to the policy loan account. This serves as collateral for Nationwide. The policy’s Indebtedness on the day of the loan is $6,000. |
• At the end of the first Policy Year, assume the only loan the policy owner requested was the $6,000 loan. Assuming the policy owner has not made any loan repayments, the Indebtedness at the end of the next occurring policy anniversary is $6,120 due to $120 of accrued loan interest during the year ($6,000 + $120 = $6,120). Should a claim for the Death Benefit Proceeds be made, the Proceeds would be reduced by the $6,120 Indebtedness. |
• Assuming no loan repayments are ever made, Indebtedness continues to accrue interest. All unpaid loan interest will also be treated as new policy loans and loan interest will continue to accumulate as Indebtedness |
• If the policy owner submits a loan repayment, the amount of the loan repayment will be transferred from the policy loan account and credited to the Cash Value. |
• If any Indebtedness exists when the Surrender Proceeds or Death Benefit Proceeds become payable, the Proceeds will be reduced by the total Indebtedness. |
• | the amount of Premium required to pay any due and unpaid policy charges plus three times the current monthly deductions; or |
• | the amount of Premium that will bring the Guaranteed Policy Continuation Provision back into effect, if applicable. |
(1) | submitting, at any time within three years after the end of the Grace Period (or longer if required by state law) and before the Maturity Date, a written request to the Service Center to reinstate the policy; |
(2) | providing evidence of insurability satisfactory to Nationwide; |
(3) | paying sufficient Premium to keep the policy In Force for three months (or less if required by state law) from the date of reinstatement, or, if the policy is in the Guaranteed Policy Continuation Period, paying the lesser of (a) and (b) where: |
(a) | is the amount of Premium sufficient to keep the policy In Force for three months from the date of reinstatement; and |
(b) | is the amount of Premium sufficient to bring the Guaranteed Policy Continuation Provision into effect; |
(4) | paying sufficient Premium to cover all policy charges that were due and unpaid during the Grace Period; and |
(5) | repaying or reinstating any Indebtedness that existed at the end of the Grace Period. |
• | against the most recent increase in the Base Policy Specified Amount; |
• | against the next most recent increases in the Base Policy Specified Amount in succession; and |
• | against the Base Policy Specified Amount under the original application. |
• | the cash value accumulation test; or |
• | the guideline premium/cash value corridor test. |
• | The cash value accumulation test generally allows flexibility to pay more Premium, subject to Nationwide's approval of any increase in the policy's Net Amount At Risk that would result from higher Premium payments. Premium payments under the guideline premium/cash value corridor test are limited by Section 7702 of the Code. |
• | Generally, the guideline premium/cash value corridor test produces a higher Death Benefit in the early years of the policy while the cash value accumulation test produces a higher Death Benefit in the policy's later years. |
• | Monthly cost of insurance charges that vary with the amount of the Death Benefit may be greater during the years when the elected test produces a higher Death Benefit. |
(1) | if extended for the Total Specified Amount, the policy's Total Specified Amount will be equal to the Base Policy Specified Amount and will be adjusted to what it was when the Insured reached Attained Age 70, subject to any partial surrenders; |
(2) | no changes to the Base Policy Specified Amount and/or Total Specified Amount will be permitted (as they are the same); |
(3) | no changes to the death benefit option will be allowed; |
(4) | no additional Premium payments will be allowed; |
(5) | no additional monthly periodic charges will be deducted; however, loan interest will continue to be charged on Indebtedness; |
(6) | 100% of the policy's Cash Value will be transferred to the Fixed Account; |
(7) | if coverage is extended for the policy’s Cash Value, the policy's Death Benefit will become the Cash Value, regardless of the previous death benefit option choice; |
(8) | if the Policy Guard Rider is in effect prior to the extension of coverage beyond the Maturity Date, the Total Specified Amount will continue to be defined as the adjusted Total Specified Amount; and |
(9) | if the Additional (Insurance) Protection Rider is in effect, the extension of coverage beyond the Maturity Date will not apply to the Rider Specified Amount. |
• | the general account options for up to six months; |
• | on the days that it is unable to price Sub-Account Accumulation Units, see Valuation of Accumulation Units; and/or |
• | as permitted or required by federal securities laws and rules and regulations of the SEC. |
1. | The insured was an employee at any time during the 12-month period before the insured’s death. |
2. | At the time that the policy is issued, the insured is either a director, a "highly compensated employee" (as defined in the Code), or a "highly compensated individual" (as defined in the Code). |
3. | The death benefit is paid to a family member of the insured (as defined under the Code), an individual who is a designated beneficiary (other than the employee) of the insured, a trust established for either the family member’s or beneficiary’s benefit, or the insured’s estate, or |
4. | The death benefit is used to buy an equity interest in the employer from the family member of the insured, beneficiary, trust or estate. |
• | 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. |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: AllianceBernstein L.P. |
0.83%* | 9.67% | 7.23% | 6.31% |
Equity | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: AllianceBernstein L.P. |
0.59% | 28.15% | 12.86% | 13.67% |
Equity | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B This Sub-Account is only available in policies issued before May 1, 2020 Investment Advisor: AllianceBernstein L.P. |
1.15% | 10.85% | 4.97% | 5.43% |
Equity | AllianceBernstein
Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A Investment Advisor: AllianceBernstein L.P. |
0.80% | 35.94% | 10.16% | 13.13% |
Equity | Allspring
Variable Trust - VT Small Cap Growth Fund: Class 2 This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Allspring Funds Management, LLC Sub-Advisor: Allspring Global Investments, LLC |
1.17% | 7.64% | 22.00% | 16.22% |
Fixed Income | American
Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II Investment Advisor: American Century Investment Management, Inc. |
0.71% | 6.26% | 5.01% | 2.81% |
Equity | American
Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: American Century Investment Management, Inc. |
0.70% | 23.65% | 13.96% | 13.70% |
Equity | American
Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: American Century Investment Management, Inc. |
0.75%* | 23.20% | 9.41% | 12.83% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | American
Funds Insurance Series® - Washington Mutual Investors Fund: Class 4 Investment Advisor: Capital Research and Management Company |
0.77%* | 27.51% | 12.21% | 13.55% |
Fixed Income | BlackRock
Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I Investment Advisor: BlackRock Advisors, LLC Investment Sub-Advisor: BlackRock Financial Management, Inc. |
0.57%* | 5.36% | 6.36% | 6.78% |
Allocation | BlackRock
Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II Investment Advisor: BlackRock Advisors, LLC Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.90%* | 6.54% | 9.79% | 7.77% |
Equity | BNY
Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: BNY Mellon Investment Adviser, Inc. |
0.60%* | 26.14% | 11.77% | 13.88% |
Equity | BNY
Mellon Stock Index Fund, Inc.: Initial Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Mellon Investments Corporation |
0.26% | 28.41% | 18.16% | 16.25% |
Equity | BNY
Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares This Sub-Account is only available in policies issued before May 1, 2003 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Newton Investment Management Limited |
0.67% | 26.99% | 18.48% | 15.59% |
Equity | BNY
Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: BNY Mellon Investment Adviser, Inc. Sub-Advisor: Newton Investment Management North America, LLC |
0.82% | 16.46% | 11.39% | 13.57% |
Equity | Delaware
VIP Trust - Delaware VIP Small Cap Value Series: Service Class (formerly, Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class) Investment Advisor: Delaware Management Company, Inc. |
1.05% | 34.01% | 9.21% | 11.78% |
Allocation | Deutsche
DWS Variable Series II - DWS Global Income Builder VIP: Class A Investment Advisor: DWS Investment Management Americas, Inc. |
0.62% | 10.95% | 9.20% | 8.38% |
Allocation | DFA
Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class Investment Advisor: Dimensional Fund Advisors LP |
0.28%* | 14.20% | 9.87% | |
Fixed Income | DFA
Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class Investment Advisor: Dimensional Fund Advisors LP Investment Sub-Advisor: Dimensional Fund Advisors LTD, DFA Australia Limited |
0.11% | 5.57% | 5.44% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | Federated
Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares Investment Advisor: Federated Equity Management Company of Pennsylvania Investment Sub-Advisor: Federated Investment Management Company, Federated Advisory Services Company, Fed Global |
0.98% | 18.51% | 9.22% | 8.31% |
Fixed Income | Federated
Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: Federated Investment Management Company |
0.74%* | -1.39% | 3.82% | 3.69% |
Equity | Fidelity
Variable Insurance Products - Emerging Markets Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, FIL Investment Advisors, FIL Investment Advisors (UK) Limited and FIL Investments (Japan) Limited |
1.01% | -2.28% | 14.86% | 8.33% |
Allocation | Fidelity
Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Fidelity Management & Research Company (FMR) |
0.52% | 5.79% | 8.34% | 7.56% |
Allocation | Fidelity
Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Fidelity Management & Research Company (FMR) |
0.60% | 9.46% | 10.57% | 9.14% |
Allocation | Fidelity
Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Fidelity Management & Research Company (FMR) |
0.67% | 12.24% | 12.64% | 10.97% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.70% | 27.70% | 20.04% | 16.52% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.90% | 54.82% | -3.54% | 0.01% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Fidelity
Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.61% | 24.82% | 11.83% | 12.42% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Growth Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.71% | 23.08% | 26.16% | 19.57% |
Fixed Income | Fidelity
Variable Insurance Products Fund - VIP High Income Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2015 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.77% | 4.49% | 4.93% | 5.52% |
Fixed Income | Fidelity
Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.49% | -0.79% | 4.22% | 3.44% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2017 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.71% | 25.50% | 13.49% | 13.17% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, FIL Investment Advisors, FIL Investment Advisors (UK) Limited and FIL Investments (Japan) Limited |
0.87% | 19.57% | 14.31% | 10.71% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.74% | 38.85% | 9.23% | 10.30% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Fidelity
Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 Investment Advisor: Fidelity Management & Research Company (FMR) Investment Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.88% | 33.34% | 13.66% | 13.46% |
Equity | Fidelity
Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class This Sub-Account is only available in policies issued before May 1, 2006 Investment Advisor: Fidelity Management & Research Company (FMR) Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity Management & Research (Hong Kong) Limited and Fidelity Management & Research (Japan) Limited |
0.73% | 33.47% | 13.82% | 13.62% |
Allocation | Franklin
Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Franklin Advisers, Inc. |
0.82%* | 11.68% | 8.63% | 8.95% |
Allocation | Franklin
Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 This Sub-Account is only available in policies issued before May 1, 2022 Investment Advisor: Franklin Advisers, Inc. |
0.72% | 16.75% | 7.44% | 7.37% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Franklin Mutual Advisers, LLC |
0.66% | 25.66% | 10.20% | 12.40% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 This Sub-Account is only available in policies issued before April 30, 2014 Investment Advisor: Templeton Asset Management, Ltd. |
1.44% | -5.73% | 10.59% | 4.84% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 This Sub-Account is no longer available to receive transfers or new premium payments effective May 1, 2005 Investment Advisor: Templeton Investment Counsel, LLC |
0.86%* | 4.43% | 2.97% | 4.26% |
Equity | Franklin
Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 This Sub-Account is only available in policies issued before April 30, 2014 Investment Advisor: Templeton Investment Counsel, LLC |
1.11%* | 4.15% | 2.71% | 4.00% |
Fixed Income | Franklin
Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 This Sub-Account is only available in policies issued before May 1, 2019 Investment Advisor: Franklin Advisers, Inc. |
0.76%* | -4.99% | -0.94% | 1.12% |
Alternative | Goldman
Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares Investment Advisor: Goldman Sachs Asset Management, L.P. |
1.25%* | 4.83% | 3.60% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | Goldman
Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: Goldman Sachs Asset Management, L.P. |
0.94%* | 16.17% | 7.93% | |
Equity | Invesco
- Invesco V.I. American Franchise Fund: Series I Shares This Sub-Account is only available in policies issued before May 1, 2012 Investment Advisor: Invesco Advisers, Inc. |
0.86% | 11.92% | 21.74% | 17.37% |
Allocation | Invesco
- Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares Investment Advisor: Invesco Advisers, Inc. |
0.88%* | 9.54% | 7.46% | 6.25% |
Equity | Invesco
- Invesco V.I. Discovery Mid Cap Growth Fund: Series I This Sub-Account is only available in policies issued before April 30, 2020 Investment Advisor: Invesco Advisers, Inc. |
0.83% | 19.09% | 23.08% | 17.83% |
Equity | Invesco
- Invesco V.I. Global Fund: Series I Investment Advisor: Invesco Advisers, Inc. |
0.78% | 15.48% | 18.17% | 14.24% |
Fixed Income | Invesco
- Invesco V.I. Global Strategic Income Fund: Series I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Invesco Advisers, Inc. |
0.87%* | -3.41% | 2.37% | 3.16% |
Equity | Invesco
- Invesco V.I. Main Street Mid Cap Fund: Series I Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Invesco Advisers, Inc. |
0.93% | 23.24% | 11.43% | 10.81% |
Equity | Invesco
- Invesco V.I. Main Street Small Cap Fund: Series I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Invesco Advisers, Inc. |
0.84% | 22.55% | 13.73% | 14.68% |
Equity | Invesco
Oppenheimer V.I. International Growth Fund: Series I Investment Advisor: Invesco Advisers, Inc. |
1.00%* | 10.21% | 11.87% | 9.73% |
Allocation | Ivy
Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II This Sub-Account is only available in policies issued before May 1, 2017 Investment Advisor: Delaware Management Company Sub-Advisor: Macquarie Investment Management Global Limited, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Europe Limited |
0.87%* | 10.44% | 11.36% | 8.01% |
Fixed Income | Ivy
Variable Insurance Portfolios - Delaware Ivy High Income: Class II This Sub-Account is only available in policies issued before May 1, 2017 Investment Advisor: Delaware Management Company Sub-Advisor: Macquarie Investment Management Global Limited, Macquarie Funds Management Hong Kong Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Europe Limited |
0.95% | 6.06% | 5.47% | 6.60% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Ivy
Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: Delaware Management Company Sub-Advisor: Macquarie Funds Management Hong Kong Limited and Macquarie Investment Management Global Limited |
1.10%* | 16.35% | 24.84% | 17.04% |
Allocation | Janus
Aspen Series - Janus Henderson Balanced Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: Janus Henderson Investors US LLC |
0.86% | 16.90% | 14.10% | 11.53% |
Equity | Janus
Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares Investment Advisor: Janus Henderson Investors US LLC |
0.71% | 16.83% | 19.13% | 17.22% |
Equity | Janus
Aspen Series - Janus Henderson Forty Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Janus Henderson Investors US LLC |
1.02% | 22.60% | 25.26% | 19.99% |
Equity | Janus
Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares Investment Advisor: Janus Henderson Investors US LLC |
0.97% | 17.74% | 30.31% | 22.95% |
Equity | Janus
Aspen Series - Janus Henderson Overseas Portfolio: Service Shares This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Janus Henderson Investors US LLC |
1.12% | 13.28% | 13.07% | 5.98% |
Fixed Income | Lord
Abbett Series Fund, Inc. - Total Return Portfolio: Class VC Investment Advisor: Lord, Abbett & Co. LLC |
0.71% | -0.23% | 3.61% | 3.32% |
Equity | MFS®
Variable Insurance Trust - MFS New Discovery Series: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.87%* | 1.80% | 21.29% | 16.15% |
Equity | MFS®
Variable Insurance Trust - MFS Value Series: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.70%* | 25.45% | 12.25% | 13.42% |
Equity | MFS®
Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.88%* | 9.26% | 14.22% | 10.00% |
Equity | MFS®
Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class This Sub-Account is only available in policies issued before March 27, 2015 Investment Advisor: Massachusetts Financial Services Company |
0.77%* | 25.97% | 22.83% | 17.58% |
Equity | MFS®
Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class Investment Advisor: Massachusetts Financial Services Company |
0.79%* | 30.98% | 12.42% | 13.59% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Fixed Income | Morgan
Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I This Sub-Account is only available in policies issued before May 1, 2009 Investment Advisor: Morgan Stanley Investment Management Inc. |
0.67%* | -0.32% | 4.68% | 4.54% |
Fixed Income | Morgan
Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: Morgan Stanley Investment Management Inc. Sub-Advisor: Morgan Stanley Investment Management Limited |
1.10%* | -2.02% | 3.82% | 3.86% |
Equity | Nationwide
Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Allianz Global Investors U.S. LLC |
0.97%* | -1.08% | 15.88% | 10.98% |
Equity | Nationwide
Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Allspring Global Investments, LLC |
0.82%* | -4.70% | 20.15% | 16.02% |
Allocation | Nationwide
Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
0.94%* | 14.70% | 11.29% | 10.90% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT American Funds Bond Fund: Class II This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
0.85%* | -0.71% | 3.82% | 2.86% |
Equity | Nationwide
Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
1.21%* | 16.00% | 19.23% | 15.19% |
Equity | Nationwide
Variable Insurance Trust - NVIT American Funds Growth Fund: Class II This Sub-Account is only available in policies issued before May 1, 2014 Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
1.00%* | 21.53% | 24.94% | 19.24% |
Equity | Nationwide
Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors |
0.94%* | 23.64% | 15.94% | 14.97% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Amundi Asset Management, US |
0.83% | 5.23% | 4.41% | 4.20% |
Equity | Nationwide
Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: AQR Capital Management, LLC |
0.79% | 21.88% | 15.95% | 14.74% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.80%* | 20.29% | 11.67% | 12.90% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I Investment Advisor: Nationwide Fund Advisors |
1.03%* | 20.18% | 12.50% | 11.70% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.87%* | 11.12% | 8.33% | 7.65% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.92%* | 15.75% | 10.63% | 9.78% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.78%* | 4.48% | 5.26% | 4.63% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.83%* | 10.23% | 7.24% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.83%* | 15.72% | 9.60% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.89%* | 13.63% | 9.56% | 8.77% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.97%* | 18.11% | 11.68% | 10.65% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I Investment Advisor: Nationwide Fund Advisors |
0.85%* | 9.22% | 7.40% | 6.73% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Insight North America LLC |
0.63%* | -0.72% | 4.13% | 3.44% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Newton Investment Management Limited |
0.61%* | 30.24% | 21.78% | 17.80% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I This Sub-Account is no longer available to receive transfers or new premium payments effective September 11, 2020 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Newton Investment Management Limited |
0.90% | 34.52% | 11.29% | 12.91% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Newton Investment Management Limited |
0.77% | 34.70% | 11.33% | 12.92% |
Equity | Nationwide
Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Newton Investment Management Limited |
0.85%* | 26.80% | 15.14% | 14.28% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Bond Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.38% | -2.07% | 3.17% | 2.55% |
Equity | Nationwide
Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I This Sub-Account is no longer available to receive transfers or new premium payments effective October 16, 2020 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Columbia Management Investment Advisers, LLC |
1.03%* | 10.39% | 6.20% | 5.64% |
Equity | Nationwide
Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Columbia Management Investment Advisers, LLC |
0.89%* | 10.57% | 6.24% | 5.66% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Core Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.59% | -1.02% | 3.70% | 3.37% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: DoubleLine Capital LP |
0.85%* | -0.44% | ||
Equity | Nationwide
Variable Insurance Trust - NVIT Emerging Markets Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: NS Partners Ltd and Loomis, Sayles & Company L.P. |
1.10%* | -7.27% | 8.58% | 4.30% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Federated Investment Management Company |
0.92%* | 4.96% | 5.74% | 6.33% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Government Bond Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.71%* | -2.08% | 2.40% | 1.59% |
Money Market | Nationwide
Variable Insurance Trust - NVIT Government Money Market Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Federated Investment Management Company |
0.49% | 0.00% | 0.76% | 0.38% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT International Equity Fund: Class I This Sub-Account is only available in policies issued before April 26, 2014 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Lazard Asset Management LLC |
1.13%* | 12.65% | 9.55% | 7.66% |
Equity | Nationwide
Variable Insurance Trust - NVIT International Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.43% | 10.84% | 9.33% | 7.85% |
Equity | Nationwide
Variable Insurance Trust - NVIT International Index Fund: Class II This Sub-Account is only available in policies issued before April 26, 2014 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: BlackRock Investment Management, LLC |
0.65% | 10.52% | 9.08% | 7.55% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.91% | 15.50% | 11.71% | 11.31% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.84% | 8.24% | 7.63% | 7.11% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II This Sub-Account is no longer available to receive transfers or new premium payments effective October 23, 2020 Investment Advisor: Nationwide Fund Advisors |
0.86% | 12.16% | 10.02% | 9.32% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P Investment Advisor: Nationwide Fund Advisors |
0.71% | 12.37% | 10.19% | 9.48% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.83% | 2.75% | 4.50% | 4.08% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.57%* | 7.72% | 6.72% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.63% | 12.33% | 8.83% | |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II This Sub-Account is no longer available to receive transfers or new premium payments effective October 23, 2020 Investment Advisor: Nationwide Fund Advisors |
0.86% | 10.31% | 8.82% | 8.28% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P Investment Advisor: Nationwide Fund Advisors |
0.71% | 10.43% | 8.99% | 8.43% |
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.87% | 13.62% | 10.85% | 10.17% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | Nationwide
Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II Investment Advisor: Nationwide Fund Advisors |
0.84% | 6.70% | 6.68% | 6.20% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.73%* | -2.05% | ||
Equity | Nationwide
Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.75%* | 21.86% | ||
Alternative | Nationwide
Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class Y Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: J.P. Morgan Investment Management Inc. |
0.43%* | 7.62% | ||
Equity | Nationwide
Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.81%* | 40.44% | 24.65% | 18.60% |
Equity | Nationwide
Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.40% | 24.25% | 12.62% | 13.76% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: American Century Investment Management, Inc., Thompson, Siegel & Walmsley LLC and Victory Capital Management Inc. |
1.02%* | 24.01% | 8.46% | 12.21% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Invesco Advisers, Inc. and Wellington Management Company, LLP |
1.09%* | 10.30% | 19.38% | 16.11% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and WCM Investment Management, LLC |
1.06%* | 32.04% | 8.39% | 12.35% |
Equity | Nationwide
Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and Invesco Advisers, Inc. |
1.06%* | 30.83% | 14.86% | 14.76% |
Equity | Nationwide
Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I This Sub-Account is only available in policies issued before May 1, 2013 Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Neuberger Berman Investment Advisers LLC |
0.94% | 26.57% | 16.95% | 15.99% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Nationwide
Variable Insurance Trust - NVIT Real Estate Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Wellington Management Company LLP |
0.93%* | 46.74% | 13.17% | 11.23% |
Equity | Nationwide
Variable Insurance Trust - NVIT S&P 500® Index Fund: Class I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.24%* | 28.36% | 18.19% | 16.27% |
Fixed Income | Nationwide
Variable Insurance Trust - NVIT Short Term Bond Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.79% | -0.58% | 1.73% | 1.48% |
Equity | Nationwide
Variable Insurance Trust - NVIT Small Cap Index Fund: Class II Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.60%* | 14.20% | 11.50% | 12.78% |
Equity | Neuberger
Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares This Sub-Account is only available in policies issued before November 6, 2015 Investment Advisor: Neuberger Berman Investment Advisers LLC |
1.10%* | 12.72% | 19.41% | 15.05% |
Fixed Income | Neuberger
Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares This Sub-Account is only available in policies issued before May 1, 2012 Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.83% | 0.74% | 1.95% | 1.69% |
Equity | Neuberger
Berman Advisers Management Trust - Sustainable Equity Portfolio: I Class Shares This Sub-Account is only available in policies issued before May 1, 2008 Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.89% | 23.47% | 15.71% | 14.35% |
Allocation | Northern
Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 3 This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC |
0.85% | 8.50% | 6.37% | 5.26% |
Allocation | Northern
Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 3 This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC |
0.84% | 12.43% | 8.16% | 6.05% |
Allocation | Northern
Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 3 This Sub-Account is only available in policies issued before May 1, 2018 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC |
0.84% | 10.98% | 7.55% | 6.03% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Allocation | PIMCO
Variable Insurance Trust - All Asset Portfolio: Administrative Class Investment Advisor: PIMCO Investment Sub-Advisor: Research Affiliates, LLC |
1.23%* | 16.23% | 8.57% | 6.02% |
Commodities | PIMCO
Variable Insurance Trust - CommodityRealReturn® Strategy Portfolio: Administrative Class Investment Advisor: PIMCO |
0.93%* | 33.34% | 5.72% | -1.86% |
Fixed Income | PIMCO
Variable Insurance Trust - International Bond Portfolio (Unhedged): Administrative Class Investment Advisor: PIMCO |
0.91% | -7.51% | 3.13% | 1.01% |
Fixed Income | PIMCO
Variable Insurance Trust - Low Duration Portfolio: Administrative Class Investment Advisor: PIMCO |
0.65% | -0.92% | 1.54% | 1.58% |
Fixed Income | PIMCO
Variable Insurance Trust - Short-Term Portfolio: Administrative Class Investment Advisor: PIMCO |
0.60% | -0.05% | 1.77% | 1.64% |
Equity | Putnam
Variable Trust - Putnam VT Growth Opportunities Fund: Class IB This Sub-Account is only available in policies issued before November 19, 2016 Investment Advisor: Putnam Investment Management, LLC Sub-Advisor: Putnam Investments Limited |
0.89% | 22.65% | 25.53% | 19.85% |
Equity | Putnam
Variable Trust - Putnam VT International Equity Fund: Class IB This Sub-Account is only available in policies issued before May 1, 2004 Investment Advisor: Putnam Investment Management, LLC Sub-Advisor: Putnam Investments Limited |
1.08% | 8.82% | 9.34% | 8.31% |
Equity | Putnam
Variable Trust - Putnam VT Large Cap Value Fund: Class IB This Sub-Account is only available in policies issued before May 12, 2017 Investment Advisor: Putnam Investment Management, LLC Sub-Advisor: Putnam Investments Limited |
0.81% | 27.30% | 13.80% | 14.11% |
Alternative | Rydex
Variable Trust - Multi-Hedge Strategies Fund (formerly, Guggenheim Variable Fund - Multi-Hedge Strategies) This Sub-Account is only available in policies issued before May 1, 2019 Investment Advisor: Guggenheim Investments |
2.02%* | 8.10% | 3.70% | 2.83% |
Equity | T.
Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II Investment Advisor: T. Rowe Price Associates, Inc. |
1.19%* | 12.82% | 19.22% | 20.12% |
Equity | VanEck
VIP Trust - VanEck VIP Emerging Markets Fund: Initial Class (formerly, VanEck VIP Trust - Emerging Markets Fund: Initial Class) This Sub-Account is only available in policies issued before May 1, 2002 Investment Advisor: Van Eck Associates Corporation |
1.16% | -11.86% | 9.28% | 6.87% |
Equity | VanEck
VIP Trust - VanEck VIP Global Resources Fund: Initial Class (formerly, VanEck VIP Trust - Global Resources Fund: Initial Class) Investment Advisor: Van Eck Associates Corporation |
1.09% | 18.91% | 2.24% | -0.12% |
Type | Underlying
Mutual Fund and Adviser/ Subadviser |
Current
Expenses |
Average
Annual Total Returns (as of 12/31/2021) | ||
1 year | 5 year | 10 year | |||
Equity | Virtus
Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I Investment Advisor: Virtus Investment Advisers, Inc. Investment Sub-Advisor: Duff & Phelps Investment Management Co. |
0.85%* | 45.95% | 12.85% | 12.11% |
* | This underlying mutual fund’s current expenses reflect a temporary fee reduction. |
State | State Law Variations |
Alaska | • Additional
(Insurance) Protection Rider is not available. • Change of Insured Rider is not available. |
California | • Senior
Right to Examine Policy – Ages 60+ You may return this Policy to us within (1) 30 days after you get it, or (2) 45 days after you sign the application, or (3) 30 days after we mail or deliver the notice of withdrawal right, whichever is latest. The Policy, with a written request for cancellation, must be mailed or delivered to our Home Office or to the Agent who sold it to you. The returned Policy will be treated as if we never issued it and we will refund any premiums paid. After that time, cancellation may result in a substantial penalty, known as a Surrender Charge. Please see your Policy pages for Surrender Period and Charges. • Long-Term Care Rider is titled Accelerated Benefit Rider. |
Colorado | • Suicide provision is one year. |
Delaware | • Extends spousal rights to any party to a civil union. |
Florida | • There
are no contractual restrictions on assignments. • Maturity Date Extension Endorsement is not available. • Adjusted Sales Load Rider is not available. • Accelerated Death Benefit Rider is not available. |
Illinois | • Extends spousal rights to any party to a civil union. |
Indiana | • We
will provide written notification to juvenile Insureds that when they reach the age when non-smoker rates are first available, he or she can then qualify for non-smoker classification. The notification will be provided 60 days in advance of the
date when the juvenile first qualifies. Upon receipt of requested information from the juvenile Insured informing us they wish to change their classification, we will provide the policyowner with new specification pages disclosing the non-smoker premium class, the non-smoker rates, and the non-smoker cash values, if appropriate. |
Maryland | • Long-Term
Care Rider is titled Accelerated Death Benefit for Long-Term Care Rider. • Adjusted Sales Load Rider is not available. |
Massachusetts | • Long-Term
Care Rider is titled Accelerated Death Benefit for Chronic Illness Rider. • Accelerated Death Benefit Rider is not available. • Maturity Date Extension Endorsement is not available. |
Minnesota | • Long-Term Care Rider is not available. |
Missouri | • SUICIDE
– Suicide is no defense to payment of life insurance benefits nor is suicide while insane a defense to payment of accidental death benefits, if any, under this Policy where the Policy is issued to a Missouri citizen, unless the insurer can
show that the Insured intended suicide when he applied for the Policy, regardless of any language to the contrary in the Policy. • Suicide provision in Change of Insured Rider is one year. • Suicide provision in Additional (Insurance) Protection Rider is one year. |
State | State Law Variations |
Montana | • Policy
and Rider charges are required to be on a unisex basis. This is accomplished by treating all Insured's as male for purposes of charges that otherwise would vary by sex. Therefore, none of the charges described
in the prospectus as varying by sex, or by characteristics of the Insured, will vary by sex for policies issued in Montana. • Accidental Death Benefit Rider is not available. • Children’s Term Insurance Rider is not available. • Spouse Life Insurance Rider is not available. • Change of Insured Rider is not available. • Long-Term Care Rider is not available. • Premium Waiver Rider is not available. |
New Hampshire | • Accelerated Death Benefit Rider is not available. |
New Jersey | • Extends
spousal rights to any party to a civil union. • Change of Insured Rider is not available. |
North Dakota | • Suicide provision in the policy and rider forms is one year. |
Pennsylvania | • Adjusted
Sales Load Rider is not available. • Accelerated Benefit Rider is not available. |
Puerto Rico | • Accelerated
Benefit Rider is not available. • Waiver of Monthly Deductions Rider is not available. • Accidental Death Benefit Rider is not available. • Children’s Term Insurance Rider is not available. • Spouse Life Insurance Rider is not available. • Maturity Date Extension Endorsement for Cash Value is not available. |
South Carolina | • Long-Term
Care Rider is titled Qualified Long-Term Care Rider. • Maturity Date Extension Endorsement for Specified Amount is not available. |
Texas | • Long-Term Care Rider is titled Accelerated Death Benefit for Long-Term Care Rider. |
Utah | • Adjusted Sales Load Rider is not available. |
Vermont | • Extends
spousal rights to any party to a civil union. • Long-Term Care Rider is not available. |
Virginia | • Long-Term
Care Rider is titled Qualified Long-Term Care Rider. • Maturity Date Extension Endorsement for Specified Amount is not available. |
Virgin Islands | • Accelerated Death Benefit Rider is not available. |
Washington | • Long-Term Care and Accelerated Death Benefit Riders are not available. |
• | policies issued in the State of Montana; and |
• | group or sponsored arrangements (including our employees and their family members). |
• | the request must be in writing and signed by the policy owner (if the surrender was a Code Section 1035 exchange to a new policy with a different insurer, the signature of an officer of the replacing insurer is also required); |
• | the written request must be received at the Service Center within 30 days of the date the policy was surrendered (periods up to 60 days will be permitted based on the right to examine period applicable to replaced life insurance policies in the state where the policy was issued); |
• | the surrender Proceeds must be returned in their entirety; and |
• | the insured must be alive on the date the restoration request is received. |
• | the returned surrender proceeds and any amount taken as a surrender charge will be used to purchase Accumulation Units according to the allocations currently in effect on, and priced as of, the surrender date; |
• | any charges that would otherwise have been assessed during the period of surrender will be assessed as of the date(s) they were due resulting in the cancellation of Accumulation Units priced as of the applicable date(s); |
• | interest will be credited on any allocation to a fixed investment option at the rate(s) in effect during the period of surrender; |
• | interest charged and credited on any Indebtedness will accrue at the rates in effect for the period of surrender; and |
• | any transfer of loan interest charged or credited that would have occurred during the period of surrender will be transferred as of the date(s) such transfers would have otherwise occurred. |
Maximum Surrender Charge equals 26.50% multiplied by the lesser of (a) or (b), where: | ||
(a) | = | the Specified Amount multiplied by the rate indicated on the chart "Surrender Target Factor" below divided by 1,000; and |
(b) | = | Premiums paid by the policy owner during the first policy year |
Plus (c) multiplied by (d) where: | ||
(c) | = | the Specified Amount divided by 1,000; and |
(d) | = | the applicable rate from the "Administrative Target Factor" chart below. |
Age | Male Non-Tobacco | Male Tobacco | Female Non-Tobacco | Female Tobacco | ||||
0 | 0.00 | 3.35 | 0.00 | 2.54 | ||||
1 | 0.00 | 3.38 | 0.00 | 2.57 | ||||
2 | 0.00 | 3.50 | 0.00 | 2.66 | ||||
3 | 0.00 | 3.64 | 0.00 | 2.75 | ||||
4 | 0.00 | 3.78 | 0.00 | 2.86 | ||||
5 | 0.00 | 3.93 | 0.00 | 2.96 | ||||
6 | 0.00 | 4.09 | 0.00 | 3.08 | ||||
7 | 0.00 | 4.27 | 0.00 | 3.20 | ||||
8 | 0.00 | 4.45 | 0.00 | 3.34 |
Age | Male Non-Tobacco | Male Tobacco | Female Non-Tobacco | Female Tobacco | ||||
9 | 0.00 | 4.65 | 0.00 | 3.47 | ||||
10 | 0.00 | 4.87 | 0.00 | 3.62 | ||||
11 | 0.00 | 5.09 | 0.00 | 3.78 | ||||
12 | 0.00 | 5.33 | 0.00 | 3.94 | ||||
13 | 0.00 | 5.57 | 0.00 | 4.12 | ||||
14 | 0.00 | 5.82 | 0.00 | 4.30 | ||||
15 | 0.00 | 6.07 | 0.00 | 4.48 | ||||
16 | 0.00 | 6.31 | 0.00 | 4.67 | ||||
17 | 0.00 | 6.55 | 0.00 | 4.87 | ||||
18 | 5.11 | 6.80 | 4.27 | 5.08 | ||||
19 | 5.30 | 7.05 | 4.45 | 5.29 | ||||
20 | 5.50 | 7.32 | 4.64 | 5.52 | ||||
21 | 5.71 | 7.60 | 4.83 | 5.76 | ||||
22 | 5.93 | 7.90 | 5.04 | 6.01 | ||||
23 | 6.17 | 8.22 | 5.26 | 6.28 | ||||
24 | 6.42 | 8.57 | 5.49 | 6.56 | ||||
25 | 6.69 | 8.94 | 5.73 | 6.86 | ||||
26 | 6.99 | 9.34 | 5.99 | 7.17 | ||||
27 | 7.30 | 9.77 | 6.25 | 7.50 | ||||
28 | 7.63 | 10.22 | 6.54 | 7.85 | ||||
29 | 7.98 | 10.71 | 6.84 | 8.22 | ||||
30 | 8.36 | 11.23 | 7.16 | 8.61 | ||||
31 | 8.76 | 11.79 | 7.49 | 9.02 | ||||
32 | 9.19 | 12.38 | 7.85 | 9.45 | ||||
33 | 9.64 | 13.01 | 8.22 | 9.91 | ||||
34 | 10.12 | 13.67 | 8.62 | 10.39 | ||||
35 | 10.63 | 14.38 | 9.04 | 10.90 | ||||
36 | 11.16 | 15.12 | 9.48 | 11.44 | ||||
37 | 11.73 | 15.92 | 9.95 | 12.01 | ||||
38 | 12.34 | 16.75 | 10.44 | 12.60 | ||||
39 | 12.97 | 17.64 | 10.96 | 13.22 | ||||
40 | 13.65 | 18.58 | 11.50 | 13.87 | ||||
41 | 14.36 | 19.56 | 12.07 | 14.55 | ||||
42 | 15.12 | 20.60 | 12.67 | 15.26 | ||||
43 | 15.93 | 21.70 | 13.30 | 16.01 | ||||
44 | 16.78 | 22.87 | 13.97 | 16.79 | ||||
45 | 17.68 | 24.09 | 14.68 | 17.60 | ||||
46 | 18.65 | 25.39 | 15.42 | 18.47 | ||||
47 | 19.67 | 26.76 | 16.21 | 19.37 | ||||
48 | 20.76 | 28.21 | 17.05 | 20.33 | ||||
49 | 21.92 | 29.76 | 17.93 | 21.34 | ||||
50 | 23.15 | 31.40 | 18.87 | 22.40 | ||||
51 | 24.47 | 33.13 | 19.87 | 23.53 | ||||
52 | 25.87 | 34.98 | 20.93 | 24.72 | ||||
53 | 27.37 | 36.93 | 22.05 | 25.97 | ||||
54 | 28.97 | 38.99 | 23.25 | 27.30 | ||||
55 | 30.67 | 41.17 | 24.51 | 28.70 | ||||
56 | 32.49 | 43.48 | 25.86 | 30.18 | ||||
57 | 34.42 | 45.92 | 27.31 | 31.76 | ||||
58 | 36.49 | 48.52 | 28.86 | 33.46 | ||||
59 | 38.71 | 51.28 | 30.52 | 35.28 | ||||
60 | 41.09 | 54.23 | 32.32 | 37.25 | ||||
61 | 43.63 | 57.36 | 34.26 | 39.37 | ||||
62 | 46.36 | 60.70 | 36.35 | 41.65 | ||||
63 | 49.28 | 64.24 | 38.59 | 44.09 |
Age | Male Non-Tobacco | Male Tobacco | Female Non-Tobacco | Female Tobacco | ||||
64 | 52.40 | 67.98 | 40.99 | 46.69 | ||||
65 | 55.75 | 71.92 | 43.56 | 49.46 | ||||
66 | 59.32 | 76.10 | 46.32 | 52.41 | ||||
67 | 63.16 | 80.52 | 49.30 | 55.57 | ||||
68 | 67.28 | 85.23 | 52.52 | 58.99 | ||||
69 | 71.73 | 90.27 | 56.04 | 62.72 | ||||
70 | 76.52 | 95.66 | 59.88 | 66.80 | ||||
71 | 81.69 | 101.41 | 64.08 | 71.26 | ||||
72 | 87.24 | 107.54 | 68.67 | 76.11 | ||||
73 | 93.18 | 114.01 | 73.64 | 81.35 | ||||
74 | 99.50 | 120.81 | 79.03 | 86.97 | ||||
75 | 106.21 | 127.90 | 84.84 | 92.97 | ||||
76 | 113.33 | 135.27 | 91.10 | 99.39 | ||||
77 | 120.92 | 142.94 | 97.88 | 106.27 | ||||
78 | 129.04 | 150.99 | 105.24 | 113.68 | ||||
79 | 137.79 | 159.53 | 113.28 | 121.73 | ||||
80 | 147.23 | 168.60 | 122.07 | 130.49 | ||||
81 | 147.23 | 168.60 | 122.07 | 130.49 | ||||
82 | 147.23 | 168.60 | 122.07 | 130.49 | ||||
83 | 147.23 | 168.60 | 122.07 | 130.49 | ||||
84 | 147.23 | 168.60 | 122.07 | 130.49 | ||||
85 | 147.23 | 168.60 | 122.07 | 130.49 |
Issue Age | Administrative
Target Component With Specified Amount Less Than $100,000 |
Administrative
Target Component With Specified Amount Of $100,000 And More | ||
0 through 35 | 6.00 | 4.00 | ||
36 through 55 | 7.50 | 5.00 | ||
56 through 85 | 7.50 | 6.50 |
NATIONWIDE VLI
SEPARATE
ACCOUNT-4
Annual Report
To
Policyholders
December 31, 2021
NATIONWIDE LIFE INSURANCE COMPANY
HOME OFFICE: COLUMBUS, OHIO
Report of Independent Registered Public Accounting Firm
The Board of Directors of Nationwide Life Insurance Company and
Contract Owners of Nationwide VLI Separate Account-4:
Opinion on the Financial Statements
We have audited the accompanying statement of assets, liabilities and contract owners equity of the sub-accounts listed in the Appendix that comprise the Nationwide VLI Separate Account-4 (the Separate Account) as of the date listed in the Appendix, the related statements of operations for the year or period listed in the Appendix and changes in contract owners equity for the years or periods listed in the Appendix, and the related notes including the financial highlights in Note 9 (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each sub-account as of the date listed in the Appendix, the results of its operations for the year or period listed in the Appendix and the changes in its contract owners equity for the years or periods listed in the Appendix, and the financial highlights for each of the years or periods in Note 9, in conformity with U.S. generally accepted accounting principles.
Correction of a Misstatement
As discussed in Note 2 to the financial statements, the 2020, 2019, 2018, and 2017 financial statements of Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class (FGOS) have been restated to correct a misstatement.
Basis for Opinion
These financial statements are the responsibility of the Separate Accounts management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2021, by correspondence with the transfer agent of the underlying mutual funds or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
/s/ KPMG LLP
We have not been able to determine the specific year that we began serving as the auditor of one or more Nationwide Life Insurance Company separate account investment companies, however we are aware that we have served as the auditor of one or more Nationwide Life Insurance Company separate account investment companies since at least 1981.
Columbus, Ohio
April 4, 2022
Appendix
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for each of the years in the two-year period then ended.
AB FUNDS
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class A (ALVIVA)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
AMERICAN CENTURY INVESTORS, INC.
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)
American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV)
AMERICAN FUNDS GROUP (THE)
American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2)
American Funds Insurance Series(R) - The Bond Fund of America: Class 2 (AMVBD2)1
American Funds Insurance Series(R) - Growth-Income Fund: Class 2 (AMVGI2)
American Funds Insurance Series(R) - Growth Fund: Class 2 (AMVGR2)
American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 2 (AMVGS2)
American Funds Insurance Series(R) - International Fund: Class 2 (AMVI2)
American Funds Insurance Series(R) - New World Fund: Class 2 (AMVNW2)
AMUNDI US
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)
BLACKROCK FUNDS
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I (BRVHYI)
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II (MLVGA2)
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class II (MLVLC2)
BNY MELLON INVESTMENT MANAGEMENT
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)
BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares (DSC)
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Initial Shares (DVMCS)
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)
CALVERT GROUP
Calvert VP S&P 500 Index Portfolio (CVSPIP)
DAVIS FUNDS
Davis Variable Account Fund, Inc. - Davis Value Portfolio (DAVVL)
3
DELAWARE FUNDS BY MACQUARIE
Delaware Variable Insurance Product Trust - Delaware VIP Emerging Markets Series: Service Class (DWVEMS)
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)
DIMENSIONAL FUND ADVISORS INC.
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI)1
DFA Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class (DFVIPS)
DFA Investment Dimensions Group Inc. - VA International Small Portfolio (DFVIS)
DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio (DFVULV)
DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio (DFVUTV)
DWS INVESTMENT MANAGEMENT AMERICAS, INC.
Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A (DSGIBA)
Deutsche DWS Variable Series II - DWS CROCI(R) U.S. VIP: Class B (SVSLVB)
Deutsche DWS Variable Series II - DWS Small Mid Cap Value VIP: Class B (SVSSVB)
EATON VANCE FUNDS
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)
FEDERATED HERMES, INC.
Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)
Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares (FVU2)
Federated Hermes Insurance Series - Federated Hermes Fund for U.S. Government Securities II (FVUS2)
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS)
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS)
Fidelity Variable Insurance Products - Emerging Markets Portfolio - Service Class (FEMS)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2005 Portfolio: Service Class (FF05S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2015 Portfolio: Service Class (FF15S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2025 Portfolio: Service Class (FF25S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2035 Portfolio: Service Class (FF35S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2040 Portfolio: Service Class (FF40S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2045 Portfolio: Service Class (FF45S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2050 Portfolio: Service Class (FF50S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2055 Portfolio: Service Class (FF55S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2060 Portfolio: Service Class (FF60S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Income Fund Portfolio: Service Class (FFINS)
Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class (FGOS)
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class (FHIS)
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)
Fidelity Variable Insurance Products Fund - VIP Index 500 Portfolio: Initial Class (FIP)
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)
Fidelity Variable Insurance Products Fund - VIP Government Money Market Portfolio: Initial Class (FMMP)
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS)
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class (FRESS)
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)
4
FRANKLIN TEMPLETON DISTRIBUTORS, INC.
Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 1 (FTVRDI)
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 (FTVSVI)
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 (TIF)
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)
GOLDMAN SACHS ASSET MANAGEMENT GROUP
Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Institutional Shares (GVCSE)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares (GVGMNS)1
Goldman Sachs Variable Insurance Trust - Goldman Sachs Growth Opportunities Fund: Service Shares (GVGOPS)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Mid Cap Value Fund: Institutional Shares (GVMCE)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)
GUGGENHEIM INVESTMENTS
Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)
INVESCO INVESTMENTS
Invesco - Invesco V.I. American Franchise Fund: Series I Shares (ACEG)
Invesco - Invesco V.I. Growth and Income Fund: Series I Shares (ACGI)
Invesco - Invesco V.I. High Yield Fund: Series I Shares (AVHY1)
Invesco - Invesco V.I. International Growth Fund: Series I Shares (AVIE)
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares (AVMCCI)1
Invesco - Invesco V.I. Small Cap Equity Fund: Series I Shares (AVSCE)
Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)1
Invesco - Invesco V.I. Main Street Fund: Series I (OVGI)1
Invesco - Invesco V.I. Capital Appreciation Fund: Series I (OVGR)1
Invesco - Invesco V.I. Global Fund: Series I (OVGS)1
Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)
Invesco - Invesco V.I. Global Strategic Income Fund: Series I (OVSB)1
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I (OVSC)1
IVY INVESTMENTS
Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II (WRASP)1
Ivy Variable Insurance Portfolios - Delaware Ivy Growth: Class II (WRGP)1
Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II (WRHIP)1
Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II (WRMCG)1
Ivy Variable Insurance Portfolios - Delaware Ivy Securian Real Estate Securities: Class II (WRRESP)1
Ivy Variable Insurance Portfolios - Delaware Ivy Science and Technology: Class II (WRSTP)1
J.P. MORGAN INVESTMENT MANAGEMENT INC.
JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)
JPMorgan Insurance Trust - JPMorgan Insurance Trust Small Cap Core Portfolio 1 (JPSCE1)
5
JANUS HENDERSON INVESTORS
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares (JAEI)
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS)
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)
Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Service Shares (JAMVS)
LAZARD FUNDS
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)
LEGG MASON
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)
LINCOLN FUNDS
Lincoln Variable Insurance Products Trust - Baron Growth Opportunities Fund: Service Class (BNCAI)
LORD ABBETT FUNDS
Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD)
Lord Abbett Series Fund, Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)*
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)
MASSACHUSETTS FINANCIAL SERVICES CO.
MFS(R) Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC)
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Initial Class (MNDIC)
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)
MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class (MV2IGI)
MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)
MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES)
MFS(R) Variable Insurance Trust - MFS Value Series: Initial Class (MVFIC)
MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC)
MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)
MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS)
MORGAN STANLEY
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)
Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class I (MSVEG)
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)
Morgan Stanley Variable Insurance Fund, Inc. - Discovery Portfolio: Class I (MSVMG)
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)
Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II (DTRTFB)1
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I (EIF)1
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)
6
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II (GVAAA2)1
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (GVABD2)1
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (GVAGG2)1
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (GVAGI2)1
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (GVAGR2)1
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)
Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I (HIBF)1
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I (IDPG)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class I (IDPGI)
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I (MSBF)1
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I (NCPGI)
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I (NVAMV1)1
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I (NVCCA1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I (NVCRB1)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class I (NVIX)
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I (NVLCP1)1
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1)
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)
Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I (NVMMG1)1
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I (NVNMO1)1
Nationwide Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I (NVNSR1)1
7
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)1
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class I (NVSTB1)
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V (SAM5)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)
NEUBERGER & BERMAN MANAGEMENT, INC.
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)
Neuberger Berman Advisers Management Trust - Mid Cap Intrinsic Value Portfolio: I Class Shares (AMRI)
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)
NORTHERN LIGHTS
Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 3 (NOTB3)
Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 3 (NOTG3)
Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 3 (NOTMG3)
PIMCO FUNDS
PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA)
PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Administrative Class (PMVFBA)
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)
PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Administrative Class (PMVGBA)
PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)
PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA)
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio: Administrative Class (PMVLGA)
PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)
PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Administrative Class (PMVRSA)
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA)
PUTNAM INVESTMENTS
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (PVEIB)1
Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)
Putnam Variable Trust - Putnam VT Small Cap Value Fund: Class IB (PVTSCB)
ROYCE CAPITAL FUNDS
Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC)
T. ROWE PRICE
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio (TRBCGP)
T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio (TRLT1)
8
T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)
T. Rowe Price Equity Series, Inc. - T. Rowe Price All-Cap Opportunities Portfolio (TRNAG1)1
T. Rowe Price Equity Series, Inc. - T. Rowe Price Moderate Allocation Portfolio (TRPSB1)
VAN ECK ASSOCIATES CORPORATION
VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
VanEck VIP Trust - Global Resources Fund: Initial Class (VWHA)1
VANGUARD GROUP OF INVESTMENT COMPANIES
Vanguard Variable Insurance Fund - Balanced Portfolio (VVB)
Vanguard Variable Insurance Fund - Capital Growth Portfolio (VVCG)
Vanguard Variable Insurance Fund - Diversified Value Portfolio (VVDV)*
Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)
Vanguard Variable Insurance Fund - International Portfolio (VVI)
Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)
Vanguard Variable Insurance Fund - Real Estate Index Portfolio (VVREI)
Vanguard Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)
Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)
Vanguard Variable Insurance Fund-Total International Stock Market Index Portfolio (VVTISI)
VIRTUS MUTUAL FUNDS
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I (VRVDRI)
WELLS FARGO FUNDS
Allspring Variable Trust - VT Discovery Fund: Class 2 (SVDF)1
Allspring Variable Trust - VT Opportunity Fund: Class 2 (SVOF)1
Allspring Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)1
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from November 15, 2021 (inception) to December 31, 2021.
MASSACHUSETTS FINANCIAL SERVICES CO.
MFS(R) Variable Insurance Trust - MFS Growth Series: Service Class (MEGSS)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from April 23, 2021 (inception) to December 31, 2021.
DIMENSIONAL FUND ADVISORS INC.
DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA)
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y (NVSIXD)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from October 27, 2021 (inception) to December 31, 2021.
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - VIP Bond Index Portfolio: Service Class (FVBIS)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from July 26, 2021 (inception) to December 31, 2021.
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - VIP Extended Market Index Portfolio: Service Class (FVEMIS)
9
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from April 12, 2021 (inception) to December 31, 2021.
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - VIP International Index Portfolio: Service Class (FVIIS)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from November 9, 2021 (inception) to December 31, 2021.
MASSACHUSETTS FINANCIAL SERVICES CO.
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Initial Class (MV2EEI)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from January 15, 2021 (inception) to December 31, 2021.
MASSACHUSETTS FINANCIAL SERVICES CO.
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Service Class (MV2EES)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from March 10, 2021 (inception) to December 31, 2021.
VANGUARD GROUP OF INVESTMENT COMPANIES
Vanguard Variable Insurance Fund - Growth Portfolio (VVG)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from April 30, 2021 (inception) to December 31, 2021.
INVESCO INVESTMENTS
Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from May 4, 2021 (inception) to December 31, 2021.
VANGUARD GROUP OF INVESTMENT COMPANIES
Vanguard Variable Insurance Fund - Global Bond Index Portfolio (VVGBI)
Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM)
10
Statement of assets, liabilities and contract owners equity as of December 31, 2021, and the related statements of operations and changes in contract owners equity for the period from July 1, 2021 (inception) to December 31, 2021.
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2065 Portfolio: Service Class (FF65S)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from November 16, 2020 (inception) to December 31, 2020.
MAINSTAY FUNDS
MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Service Class (MNVFRS)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from October 23, 2020 (inception) to December 31, 2020.
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from October 16, 2020 (inception) to December 31, 2020.
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from September 11, 2020 (inception) to December 31, 2020.
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)1
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from September 4, 2020 (inception) to December 31, 2020.
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)
11
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from August 26, 2020 (inception) to December 31, 2020.
MASSACHUSETTS FINANCIAL SERVICES CO.
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from June 29, 2020 (inception) to December 31, 2020.
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class Y (NJMMAY)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from May 15, 2020 (inception) to December 31, 2020.
VANGUARD GROUP OF INVESTMENT COMPANIES
Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX)
Statement of changes in contract owners equity for the period from May 11, 2020 (inception) to October 23, 2020 (liquidation).
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from May 1, 2020 (inception) to December 31, 2020.
AMERICAN FUNDS GROUP (THE)
American Funds Insurance Series(R) - Capital World Bond Fund: Class 2 (AMVGB2)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from March 2, 2020 (inception) to December 31, 2020.
CHARLES SCHWAB FUNDS
Schwab Annuity Portfolios - Schwab(R) S&P 500 Index Portfolio (SASP5I)
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from February 11, 2020 (inception) to December 31, 2020.
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - VIP Total Market Index Portfolio: Service Class (FVMIS)
12
Statement of assets, liabilities and contract owners equity as of December 31, 2021, the related statement of operations for the year then ended, and the statements of changes in contract owners equity for the year ended December 31, 2021 and the period from January 16, 2020 (inception) to December 31, 2020.
DIMENSIONAL FUND ADVISORS INC.
DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV)
VANGUARD GROUP OF INVESTMENT COMPANIES
Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI)
Statement of operations for the period from January 1, 2021 to April 30, 2021 (liquidation) and the statements of changes in contract owners equity for the period from January 1, 2021 to April 30, 2021 (liquidation) and the year ended December 31, 2020.
INVESCO INVESTMENTS
Invesco - Invesco V.I. Value Opportunities Fund: Series I Shares (AVBVI)
Statement of changes in contract owners equity for the period from January 1, 2020 to October 23, 2020 (liquidation).
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class P (NVLCAP)
Nationwide Variable Insurance Trust - NVIT DFA Capital Moderate Fund: Class P (NVLMP)
Statement of changes in contract owners equity for the period from January 1, 2020 to October 16, 2020 (liquidation).
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)
Statement of changes in contract owners equity for the period from January 1, 2020 to September 11, 2020 (liquidation).
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)
Statement of changes in contract owners equity for the period from January 1, 2020 to August 6, 2020 (liquidation).
BNY MELLON INVESTMENT MANAGEMENT
BNY Mellon Variable Investment Fund International Value Portfolio: Initial Shares (DVIV)
(1) | See Note 1 to the financial statements for the former name of the sub-account. |
13
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
DECEMBER 31, 2021
Subaccount*,** | Shares | Cost | Investments, at fair value |
Accounts Receivable |
Total Assets | Accounts Payable |
Contract Owners Equity |
|||||||||||||||||||||
ALVDAA |
1,912 | $ | 24,844 | $ | 28,568 | $ | 3 | $ | 28,571 | $ | - | $ | 28,571 | |||||||||||||||
ALVGIA |
887,129 | 25,570,743 | 32,672,974 | - | 32,672,974 | 49 | 32,672,925 | |||||||||||||||||||||
ALVIVA |
276,844 | 3,901,813 | 4,351,992 | 22 | 4,352,014 | - | 4,352,014 | |||||||||||||||||||||
ALVIVB |
15,521 | 245,859 | 242,440 | 4 | 242,444 | - | 242,444 | |||||||||||||||||||||
ALVSVA |
796,829 | 14,551,139 | 18,693,619 | 17 | 18,693,636 | - | 18,693,636 | |||||||||||||||||||||
ACVCA |
43,798 | 807,072 | 819,027 | 27 | 819,054 | - | 819,054 | |||||||||||||||||||||
ACVI |
154,918 | 1,754,336 | 2,302,084 | - | 2,302,084 | 6 | 2,302,078 | |||||||||||||||||||||
ACVIG |
2,382,052 | 22,078,461 | 25,535,592 | - | 25,535,592 | 18 | 25,535,574 | |||||||||||||||||||||
ACVIP1 |
3,163,694 | 34,135,155 | 36,224,297 | 24 | 36,224,321 | - | 36,224,321 | |||||||||||||||||||||
ACVIP2 |
724,104 | 7,620,646 | 8,269,263 | - | 8,269,263 | 9 | 8,269,254 | |||||||||||||||||||||
ACVMV1 |
470,427 | 9,244,631 | 11,770,079 | 29 | 11,770,108 | - | 11,770,108 | |||||||||||||||||||||
ACVV |
1,202,317 | 12,931,495 | 16,435,674 | 74 | 16,435,748 | - | 16,435,748 | |||||||||||||||||||||
AMVAA2 |
520,951 | 12,720,487 | 14,972,142 | 38 | 14,972,180 | - | 14,972,180 | |||||||||||||||||||||
AMVBD2 |
5,424,193 | 59,889,895 | 59,991,578 | 41 | 59,991,619 | - | 59,991,619 | |||||||||||||||||||||
AMVGB2 |
403,192 | 4,969,445 | 4,717,347 | 13 | 4,717,360 | - | 4,717,360 | |||||||||||||||||||||
AMVGI2 |
24,302 | 1,231,764 | 1,614,658 | - | 1,614,658 | 2 | 1,614,656 | |||||||||||||||||||||
AMVGR2 |
445,904 | 41,022,585 | 56,308,818 | - | 56,308,818 | 8 | 56,308,810 | |||||||||||||||||||||
AMVGS2 |
106,937 | 2,953,408 | 3,522,500 | 8 | 3,522,508 | - | 3,522,508 | |||||||||||||||||||||
AMVI2 |
1,244,408 | 25,058,205 | 28,123,629 | 26 | 28,123,655 | - | 28,123,655 | |||||||||||||||||||||
AMVNW2 |
1,534,298 | 47,141,473 | 48,299,689 | 5 | 48,299,694 | - | 48,299,694 | |||||||||||||||||||||
PIHYB1 |
375,489 | 3,269,663 | 3,507,071 | - | 3,507,071 | 10 | 3,507,061 | |||||||||||||||||||||
BRVHYI |
3,060,923 | 22,336,085 | 23,232,402 | 85,255 | 23,317,657 | - | 23,317,657 | |||||||||||||||||||||
MLVGA2 |
679,053 | 11,847,775 | 12,026,035 | 4 | 12,026,039 | - | 12,026,039 | |||||||||||||||||||||
MLVLC2 |
55,137 | 1,337,418 | 1,171,112 | 8 | 1,171,120 | - | 1,171,120 | |||||||||||||||||||||
DCAP |
87,183 | 3,950,837 | 4,683,479 | 2 | 4,683,481 | - | 4,683,481 | |||||||||||||||||||||
DSC |
23,135 | 994,922 | 1,336,499 | 3 | 1,336,502 | - | 1,336,502 | |||||||||||||||||||||
DSIF |
12,816,498 | 694,198,605 | 997,251,724 | 175 | 997,251,899 | - | 997,251,899 | |||||||||||||||||||||
DSRG |
311,782 | 11,469,961 | 18,108,274 | 32 | 18,108,306 | - | 18,108,306 | |||||||||||||||||||||
DVMCS |
100,001 | 1,947,146 | 2,477,017 | 9 | 2,477,026 | - | 2,477,026 | |||||||||||||||||||||
DVSCS |
7,443,473 | 124,522,259 | 175,293,796 | 27 | 175,293,823 | - | 175,293,823 | |||||||||||||||||||||
CVSPIP |
3,750 | 617,859 | 750,579 | - | 750,579 | - | 750,579 | |||||||||||||||||||||
SASP5I |
1,408,102 | 75,039,866 | 99,144,495 | 35 | 99,144,530 | - | 99,144,530 | |||||||||||||||||||||
DAVVL |
634,709 | 5,147,447 | 5,699,683 | 23 | 5,699,706 | - | 5,699,706 | |||||||||||||||||||||
DWVEMS |
230,686 | 5,418,684 | 6,516,871 | 1 | 6,516,872 | - | 6,516,872 | |||||||||||||||||||||
DWVSVS |
512,387 | 16,647,864 | 23,190,642 | 57 | 23,190,699 | - | 23,190,699 | |||||||||||||||||||||
DFVEA |
717 | 10,955 | 10,705 | - | 10,705 | 2 | 10,703 | |||||||||||||||||||||
DFVGMI |
8,392 | 125,010 | 132,418 | - | 132,418 | 1 | 132,417 | |||||||||||||||||||||
DFVIPS |
667,871 | 7,398,232 | 7,546,939 | 9 | 7,546,948 | - | 7,546,948 | |||||||||||||||||||||
DFVIS |
1,521 | 17,270 | 20,770 | 7 | 20,777 | - | 20,777 | |||||||||||||||||||||
DFVIV |
5,638 | 66,051 | 75,270 | - | 75,270 | 1 | 75,269 | |||||||||||||||||||||
DFVULV |
384,214 | 10,136,177 | 12,725,170 | 20,499 | 12,745,669 | - | 12,745,669 | |||||||||||||||||||||
DFVUTV |
201,370 | 4,494,112 | 4,746,295 | - | 4,746,295 | 6 | 4,746,289 | |||||||||||||||||||||
DSGIBA |
8,122 | 190,913 | 217,494 | - | 217,494 | 5 | 217,489 | |||||||||||||||||||||
SVSLVB |
2,304 | 29,286 | 37,110 | 9 | 37,119 | - | 37,119 | |||||||||||||||||||||
SVSSVB |
9,474 | 115,528 | 146,473 | 11 | 146,484 | - | 146,484 | |||||||||||||||||||||
ETVFR |
3,525,945 | 32,046,565 | 32,050,836 | - | 32,050,836 | 68 | 32,050,768 | |||||||||||||||||||||
FQB |
1,898,719 | 21,194,079 | 21,379,579 | 13 | 21,379,592 | - | 21,379,592 | |||||||||||||||||||||
FVU2 |
73,072 | 793,202 | 942,623 | - | 942,623 | 8 | 942,615 | |||||||||||||||||||||
FVUS2 |
82,602 | 913,633 | 884,663 | - | 884,663 | 3 | 884,660 | |||||||||||||||||||||
FCS |
938,665 | 36,543,059 | 50,687,894 | 51 | 50,687,945 | - | 50,687,945 | |||||||||||||||||||||
FEIS |
2,819,709 | 62,295,120 | 73,227,832 | 48 | 73,227,880 | - | 73,227,880 | |||||||||||||||||||||
FEMS |
1,087,100 | 14,378,601 | 13,708,335 | - | 13,708,335 | 1 | 13,708,334 | |||||||||||||||||||||
FF05S |
47,413 | 636,338 | 652,406 | - | 652,406 | 9 | 652,397 |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
DECEMBER 31, 2021
Subaccount*,** | Shares | Cost | Investments, at fair value |
Accounts Receivable |
Total Assets | Accounts Payable |
Contract Owners Equity |
|||||||||||||||||||||
FF10S |
249,676 | 3,379,526 | 3,602,820 | 41 | 3,602,861 | - | 3,602,861 | |||||||||||||||||||||
FF15S |
674,291 | 8,826,214 | 9,696,303 | 7 | 9,696,310 | - | 9,696,310 | |||||||||||||||||||||
FF20S |
2,125,241 | 29,192,323 | 32,664,960 | - | 32,664,960 | 3 | 32,664,957 | |||||||||||||||||||||
FF25S |
2,358,110 | 36,478,231 | 41,880,030 | 65 | 41,880,095 | - | 41,880,095 | |||||||||||||||||||||
FF30S |
3,499,054 | 53,220,776 | 62,563,088 | 112 | 62,563,200 | - | 62,563,200 | |||||||||||||||||||||
FF35S |
333,837 | 8,948,100 | 10,001,746 | 36 | 10,001,782 | - | 10,001,782 | |||||||||||||||||||||
FF40S |
1,121,634 | 26,034,900 | 32,493,739 | 66 | 32,493,805 | - | 32,493,805 | |||||||||||||||||||||
FF45S |
51,283 | 1,386,291 | 1,498,488 | 10 | 1,498,498 | - | 1,498,498 | |||||||||||||||||||||
FF50S |
91,597 | 2,101,967 | 2,408,085 | 19 | 2,408,104 | - | 2,408,104 | |||||||||||||||||||||
FF55S |
25,421 | 362,934 | 362,760 | - | 362,760 | 19 | 362,741 | |||||||||||||||||||||
FF60S |
50,334 | 714,368 | 713,240 | - | 713,240 | 7 | 713,233 | |||||||||||||||||||||
FF65S |
505 | 7,056 | 7,027 | - | 7,027 | 1 | 7,026 | |||||||||||||||||||||
FFINS |
125,473 | 1,551,813 | 1,598,529 | 13 | 1,598,542 | - | 1,598,542 | |||||||||||||||||||||
FGOS |
8,322 | 337,046 | 657,958 | 1 | 657,959 | - | 657,959 | |||||||||||||||||||||
FGS |
1,860,638 | 148,370,073 | 189,226,860 | 1 | 189,226,861 | - | 189,226,861 | |||||||||||||||||||||
FHIS |
2,148,061 | 11,352,509 | 11,191,395 | - | 11,191,395 | 7 | 11,191,388 | |||||||||||||||||||||
FIGBS |
13,427,878 | 175,392,428 | 176,979,428 | 21 | 176,979,449 | - | 176,979,449 | |||||||||||||||||||||
FIP |
6,921 | 2,912,813 | 3,240,864 | 26 | 3,240,890 | - | 3,240,890 | |||||||||||||||||||||
FMCS |
1,008,693 | 34,383,575 | 40,983,204 | - | 40,983,204 | 23 | 40,983,181 | |||||||||||||||||||||
FMMP |
2,150,017 | 2,150,017 | 2,150,017 | - | 2,150,017 | 24 | 2,149,993 | |||||||||||||||||||||
FNRS2 |
328,807 | 4,770,779 | 5,158,975 | - | 5,158,975 | 1 | 5,158,974 | |||||||||||||||||||||
FOS |
793,570 | 16,932,978 | 23,116,684 | 22 | 23,116,706 | - | 23,116,706 | |||||||||||||||||||||
FRESS |
121,262 | 2,077,441 | 2,875,119 | 13 | 2,875,132 | - | 2,875,132 | |||||||||||||||||||||
FVBIS |
346 | 3,857 | 3,812 | - | 3,812 | 5 | 3,807 | |||||||||||||||||||||
FVEMIS |
49 | 717 | 701 | 4 | 705 | - | 705 | |||||||||||||||||||||
FVIIS |
245 | 2,901 | 2,806 | - | 2,806 | 5 | 2,801 | |||||||||||||||||||||
FVMIS |
15,666 | 177,844 | 272,586 | - | 272,586 | 4 | 272,582 | |||||||||||||||||||||
FVSS |
261,758 | 3,478,566 | 4,279,747 | - | 4,279,747 | 7 | 4,279,740 | |||||||||||||||||||||
FTVDM2 |
318,274 | 3,045,737 | 3,395,984 | 7 | 3,395,991 | - | 3,395,991 | |||||||||||||||||||||
FTVFA2 |
115,652 | 707,078 | 689,284 | 5 | 689,289 | - | 689,289 | |||||||||||||||||||||
FTVGB1 |
965,047 | 14,389,488 | 13,336,946 | 1 | 13,336,947 | - | 13,336,947 | |||||||||||||||||||||
FTVGI2 |
389,718 | 6,105,487 | 5,116,993 | 1 | 5,116,994 | - | 5,116,994 | |||||||||||||||||||||
FTVIS2 |
336,296 | 5,005,215 | 5,636,314 | - | 5,636,314 | 5 | 5,636,309 | |||||||||||||||||||||
FTVMD2 |
28,805 | 475,421 | 564,866 | 19 | 564,885 | - | 564,885 | |||||||||||||||||||||
FTVSV2 |
660,319 | 9,424,474 | 11,581,996 | 53 | 11,582,049 | - | 11,582,049 | |||||||||||||||||||||
FTVSVI |
674,987 | 10,961,445 | 12,440,008 | - | 12,440,008 | 39 | 12,439,969 | |||||||||||||||||||||
TIF |
55,439 | 745,619 | 770,601 | - | 770,601 | 14 | 770,587 | |||||||||||||||||||||
TIF2 |
774,278 | 10,111,901 | 10,522,436 | 32 | 10,522,468 | - | 10,522,468 | |||||||||||||||||||||
GVCSE |
131,415 | 1,699,714 | 1,718,914 | - | 1,718,914 | 190 | 1,718,724 | |||||||||||||||||||||
GVGMNS |
2,263 | 27,020 | 29,104 | 5 | 29,109 | - | 29,109 | |||||||||||||||||||||
GVGOPS |
113,361 | 1,406,573 | 1,383,003 | - | 1,383,003 | 7 | 1,382,996 | |||||||||||||||||||||
GVMCE |
588,094 | 9,985,961 | 11,479,586 | - | 11,479,586 | 38 | 11,479,548 | |||||||||||||||||||||
GVMSAS |
1,832 | 17,179 | 17,878 | 5 | 17,883 | - | 17,883 | |||||||||||||||||||||
RVARS |
13,790 | 348,130 | 372,463 | - | 372,463 | 6 | 372,457 | |||||||||||||||||||||
ACEG |
32,226 | 2,515,319 | 2,856,169 | - | 2,856,169 | 16 | 2,856,153 | |||||||||||||||||||||
ACGI |
215,084 | 3,866,917 | 5,097,484 | - | 5,097,484 | 10 | 5,097,474 | |||||||||||||||||||||
AVHY1 |
153,351 | 801,861 | 802,027 | 17 | 802,044 | - | 802,044 | |||||||||||||||||||||
AVIE |
972,186 | 37,678,415 | 40,258,234 | 38 | 40,258,272 | - | 40,258,272 | |||||||||||||||||||||
AVMCCI |
26,551 | 292,659 | 344,371 | 14 | 344,385 | - | 344,385 | |||||||||||||||||||||
AVSCE |
8,586 | 204,870 | 201,696 | - | 201,696 | 6 | 201,690 | |||||||||||||||||||||
IVBRA1 |
169,236 | 1,780,047 | 1,820,979 | 2 | 1,820,981 | - | 1,820,981 | |||||||||||||||||||||
MSVMV |
1 | 15 | 16 | - | 16 | 16 | - | |||||||||||||||||||||
OVAG |
492,758 | 39,769,990 | 56,484,881 | - | 56,484,881 | 8 | 56,484,873 |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
DECEMBER 31, 2021
Subaccount*,** | Shares | Cost | Investments, at fair value |
Accounts Receivable |
Total Assets | Accounts Payable |
Contract Owners Equity |
|||||||||||||||||||||
OVGI |
267,820 | 8,139,464 | 9,596,005 | - | 9,596,005 | 11 | 9,595,994 | |||||||||||||||||||||
OVGR |
183,501 | 10,742,223 | 15,021,407 | 86 | 15,021,493 | - | 15,021,493 | |||||||||||||||||||||
OVGS |
1,816,189 | 78,268,302 | 103,922,345 | - | 103,922,345 | 2 | 103,922,343 | |||||||||||||||||||||
OVIG |
8,280,658 | 20,342,791 | 24,179,521 | 51 | 24,179,572 | - | 24,179,572 | |||||||||||||||||||||
OVSB |
3,862,570 | 19,607,622 | 17,188,438 | 4 | 17,188,442 | - | 17,188,442 | |||||||||||||||||||||
OVSC |
312,528 | 7,561,198 | 9,835,249 | - | 9,835,249 | 24 | 9,835,225 | |||||||||||||||||||||
WRASP |
704,867 | 6,408,661 | 7,181,749 | 15 | 7,181,764 | - | 7,181,764 | |||||||||||||||||||||
WRGP |
477,166 | 5,399,871 | 7,086,399 | 12 | 7,086,411 | - | 7,086,411 | |||||||||||||||||||||
WRHIP |
4,165,872 | 13,692,518 | 14,133,138 | 20 | 14,133,158 | - | 14,133,158 | |||||||||||||||||||||
WRMCG |
402,906 | 5,896,284 | 7,188,563 | - | 7,188,563 | 9 | 7,188,554 | |||||||||||||||||||||
WRRESP |
896,210 | 6,545,086 | 8,754,177 | 29 | 8,754,206 | - | 8,754,206 | |||||||||||||||||||||
WRSTP |
348,127 | 12,245,741 | 10,271,801 | - | 10,271,801 | 288 | 10,271,513 | |||||||||||||||||||||
JPMMV1 |
4,343,576 | 46,107,194 | 57,943,308 | - | 57,943,308 | 18 | 57,943,290 | |||||||||||||||||||||
JPSCE1 |
39,522 | 889,791 | 1,122,434 | 10 | 1,122,444 | - | 1,122,444 | |||||||||||||||||||||
JABS |
945,983 | 37,536,997 | 50,269,559 | 71 | 50,269,630 | - | 50,269,630 | |||||||||||||||||||||
JACAS |
1,305,751 | 52,149,285 | 73,957,752 | 68 | 73,957,820 | - | 73,957,820 | |||||||||||||||||||||
JAEI |
16,097 | 1,301,020 | 1,617,886 | 5 | 1,617,891 | - | 1,617,891 | |||||||||||||||||||||
JAFBS |
566,276 | 7,641,730 | 7,514,485 | 6 | 7,514,491 | - | 7,514,491 | |||||||||||||||||||||
JAGTS |
2,276,151 | 35,241,889 | 47,594,317 | 79 | 47,594,396 | - | 47,594,396 | |||||||||||||||||||||
JAIGS |
642,018 | 19,907,536 | 26,335,591 | 29 | 26,335,620 | - | 26,335,620 | |||||||||||||||||||||
JAMGS |
488,368 | 36,463,206 | 45,169,157 | 7 | 45,169,164 | - | 45,169,164 | |||||||||||||||||||||
JAMVS |
53,591 | 842,551 | 983,930 | 8 | 983,938 | - | 983,938 | |||||||||||||||||||||
LZREMS |
536,841 | 10,544,438 | 11,735,339 | 29 | 11,735,368 | - | 11,735,368 | |||||||||||||||||||||
SBVSG |
775,885 | 25,584,237 | 28,180,141 | 44 | 28,180,185 | - | 28,180,185 | |||||||||||||||||||||
BNCAI |
87,282 | 5,356,810 | 7,992,146 | - | 7,992,146 | 51 | 7,992,095 | |||||||||||||||||||||
LOVBD |
354,844 | 4,302,018 | 4,364,585 | 7 | 4,364,592 | - | 4,364,592 | |||||||||||||||||||||
LOVSDC |
1,652,774 | 23,742,650 | 23,287,581 | 14 | 23,287,595 | - | 23,287,595 | |||||||||||||||||||||
LOVTRC |
1,256,218 | 21,686,755 | 21,167,267 | 37 | 21,167,304 | - | 21,167,304 | |||||||||||||||||||||
MNVFRS |
5,646 | 49,283 | 50,044 | - | 50,044 | 11 | 50,033 | |||||||||||||||||||||
MEGSS |
82 | 6,193 | 6,123 | - | 6,123 | 6 | 6,117 | |||||||||||||||||||||
MMCGSC |
252,259 | 2,783,957 | 2,631,065 | 13 | 2,631,078 | - | 2,631,078 | |||||||||||||||||||||
MNDIC |
79,080 | 1,807,814 | 1,842,555 | 17 | 1,842,572 | - | 1,842,572 | |||||||||||||||||||||
MNDSC |
235,190 | 4,865,033 | 4,666,173 | - | 4,666,173 | 40 | 4,666,133 | |||||||||||||||||||||
MV2EEI |
65 | 1,090 | 1,044 | - | 1,044 | 4 | 1,040 | |||||||||||||||||||||
MV2EES |
8,396 | 150,431 | 132,316 | - | 132,316 | - | 132,316 | |||||||||||||||||||||
MV2IGI |
201,517 | 4,172,959 | 5,555,825 | 16 | 5,555,841 | - | 5,555,841 | |||||||||||||||||||||
MV2RIS |
2,187,802 | 39,032,499 | 41,218,184 | 40 | 41,218,224 | - | 41,218,224 | |||||||||||||||||||||
MV3MVI |
31,875 | 335,978 | 353,491 | - | 353,491 | 4 | 353,487 | |||||||||||||||||||||
MV3MVS |
138,735 | 1,265,916 | 1,519,144 | - | 1,519,144 | 12 | 1,519,132 | |||||||||||||||||||||
MVBRES |
34,535 | 1,864,731 | 2,338,394 | 13 | 2,338,407 | - | 2,338,407 | |||||||||||||||||||||
MVFIC |
507,650 | 9,847,772 | 12,549,109 | - | 12,549,109 | 22 | 12,549,087 | |||||||||||||||||||||
MVFSC |
5,004,809 | 97,503,355 | 120,916,190 | 73 | 120,916,263 | - | 120,916,263 | |||||||||||||||||||||
MVIGIC |
29,630 | 452,551 | 497,188 | - | 497,188 | 5 | 497,183 | |||||||||||||||||||||
MVIVSC |
3,121,445 | 85,533,053 | 115,368,590 | 14 | 115,368,604 | - | 115,368,604 | |||||||||||||||||||||
MVRBSS |
311,461 | 4,215,194 | 4,164,236 | 4 | 4,164,240 | - | 4,164,240 | |||||||||||||||||||||
MSEM |
1,033,827 | 7,682,671 | 7,443,556 | - | 7,443,556 | 15 | 7,443,541 | |||||||||||||||||||||
MSVEG |
284,833 | 18,816,821 | 15,301,210 | 28 | 15,301,238 | - | 15,301,238 | |||||||||||||||||||||
MSVFI |
253,882 | 2,816,703 | 2,658,146 | 6 | 2,658,152 | - | 2,658,152 | |||||||||||||||||||||
MSVMG |
204,277 | 4,432,070 | 3,480,879 | 53 | 3,480,932 | - | 3,480,932 | |||||||||||||||||||||
MSVRE |
302,955 | 5,696,712 | 7,110,361 | - | 7,110,361 | 31 | 7,110,330 | |||||||||||||||||||||
VKVGR2 |
461,574 | 3,762,091 | 4,781,910 | 3 | 4,781,913 | - | 4,781,913 | |||||||||||||||||||||
DTRTFB |
45,337 | 457,878 | 447,931 | - | 447,931 | 3 | 447,928 | |||||||||||||||||||||
EIF |
720,468 | 12,735,145 | 16,419,470 | 5 | 16,419,475 | - | 16,419,475 |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
DECEMBER 31, 2021
Subaccount*,** | Shares | Cost | Investments, at fair value |
Accounts Receivable |
Total Assets | Accounts Payable |
Contract Owners Equity |
|||||||||||||||||||||
GBF |
10,649,998 | 115,300,675 | 115,765,474 | 36 | 115,765,510 | - | 115,765,510 | |||||||||||||||||||||
GEM |
977,321 | 12,855,752 | 13,428,392 | 22 | 13,428,414 | - | 13,428,414 | |||||||||||||||||||||
GIG |
1,461,728 | 16,331,887 | 18,637,031 | 32 | 18,637,063 | - | 18,637,063 | |||||||||||||||||||||
GVAAA2 |
475,495 | 12,047,521 | 14,312,401 | 5 | 14,312,406 | - | 14,312,406 | |||||||||||||||||||||
GVABD2 |
162,045 | 1,973,044 | 1,981,810 | - | 1,981,810 | 1 | 1,981,809 | |||||||||||||||||||||
GVAGG2 |
260,936 | 8,381,518 | 11,877,827 | 12 | 11,877,839 | - | 11,877,839 | |||||||||||||||||||||
GVAGI2 |
93,165 | 5,184,765 | 6,320,291 | - | 6,320,291 | 28 | 6,320,263 | |||||||||||||||||||||
GVAGR2 |
168,783 | 15,881,543 | 24,390,836 | 20 | 24,390,856 | - | 24,390,856 | |||||||||||||||||||||
GVDMA |
8,907,766 | 114,996,165 | 130,944,157 | - | 130,944,157 | 26 | 130,944,131 | |||||||||||||||||||||
GVDMC |
2,107,696 | 22,730,642 | 25,039,429 | 12 | 25,039,441 | - | 25,039,441 | |||||||||||||||||||||
GVEX1 |
634,640 | 13,179,044 | 17,731,847 | - | 17,731,847 | 17 | 17,731,830 | |||||||||||||||||||||
GVIDA |
3,666,343 | 47,330,910 | 54,298,538 | 37 | 54,298,575 | - | 54,298,575 | |||||||||||||||||||||
GVIDC |
1,744,340 | 17,722,196 | 18,734,208 | 13 | 18,734,221 | - | 18,734,221 | |||||||||||||||||||||
GVIDM |
6,445,068 | 78,378,559 | 84,688,199 | 1 | 84,688,200 | - | 84,688,200 | |||||||||||||||||||||
GVIX2 |
366,392 | 3,468,590 | 4,096,257 | - | 4,096,257 | 7 | 4,096,250 | |||||||||||||||||||||
HIBF |
3,502,527 | 22,905,429 | 22,941,552 | 28 | 22,941,580 | - | 22,941,580 | |||||||||||||||||||||
IDPG |
24,380 | 299,288 | 315,963 | - | 315,963 | 7 | 315,956 | |||||||||||||||||||||
IDPGI |
837 | 9,224 | 10,047 | - | 10,047 | 4 | 10,043 | |||||||||||||||||||||
MCIF |
5,367,916 | 121,054,345 | 148,530,240 | 46 | 148,530,286 | - | 148,530,286 | |||||||||||||||||||||
MSBF |
1,215,346 | 11,070,754 | 11,120,417 | - | 11,120,417 | 3 | 11,120,414 | |||||||||||||||||||||
NCPG |
15,281 | 174,877 | 199,567 | 1 | 199,568 | - | 199,568 | |||||||||||||||||||||
NCPGI |
1,756 | 18,816 | 21,288 | - | 21,288 | 5 | 21,283 | |||||||||||||||||||||
NJMMAY |
81,707 | 793,133 | 835,045 | - | 835,045 | 2 | 835,043 | |||||||||||||||||||||
NVAMV1 |
2,093,944 | 32,935,351 | 41,606,669 | 29 | 41,606,698 | - | 41,606,698 | |||||||||||||||||||||
NVAMVX |
1,418,513 | 19,616,444 | 28,143,300 | 14 | 28,143,314 | - | 28,143,314 | |||||||||||||||||||||
NVBX |
22,182,639 | 238,490,341 | 237,132,413 | - | 237,132,413 | 15 | 237,132,398 | |||||||||||||||||||||
NVCBD1 |
249,221 | 2,812,504 | 2,691,586 | 2 | 2,691,588 | - | 2,691,588 | |||||||||||||||||||||
NVCCA1 |
396,595 | 3,916,729 | 4,862,261 | - | 4,862,261 | 7 | 4,862,254 | |||||||||||||||||||||
NVCCN1 |
349,031 | 3,632,501 | 3,961,500 | 7 | 3,961,507 | - | 3,961,507 | |||||||||||||||||||||
NVCMA1 |
863,912 | 8,285,038 | 9,701,734 | 12 | 9,701,746 | - | 9,701,746 | |||||||||||||||||||||
NVCMC1 |
187,781 | 2,068,909 | 2,266,516 | - | 2,266,516 | 32 | 2,266,484 | |||||||||||||||||||||
NVCMD1 |
895,342 | 9,809,934 | 11,030,616 | - | 11,030,616 | 2 | 11,030,614 | |||||||||||||||||||||
NVCRA1 |
304,220 | 3,086,861 | 3,967,031 | - | 3,967,031 | 17 | 3,967,014 | |||||||||||||||||||||
NVCRB1 |
618,586 | 6,691,554 | 7,719,952 | - | 7,719,952 | 5 | 7,719,947 | |||||||||||||||||||||
NVDBL2 |
113,406 | 1,751,921 | 1,966,466 | 9 | 1,966,475 | - | 1,966,475 | |||||||||||||||||||||
NVDCA2 |
36,632 | 647,756 | 740,328 | 4 | 740,332 | - | 740,332 | |||||||||||||||||||||
NVDCAP |
12,925 | 231,884 | 260,056 | - | 260,056 | - | 260,056 | |||||||||||||||||||||
NVFIII |
14,849 | 168,780 | 162,889 | - | 162,889 | - | 162,889 | |||||||||||||||||||||
NVGEII |
5,012 | 70,701 | 81,544 | - | 81,544 | 1 | 81,543 | |||||||||||||||||||||
NVIDMP |
289,295 | 3,577,916 | 3,781,082 | - | 3,781,082 | 2 | 3,781,080 | |||||||||||||||||||||
NVIE6 |
18,445 | 166,600 | 232,960 | 1 | 232,961 | - | 232,961 | |||||||||||||||||||||
NVIX |
3,266,746 | 32,379,252 | 36,587,550 | 81 | 36,587,631 | - | 36,587,631 | |||||||||||||||||||||
NVLCP1 |
495,125 | 5,775,944 | 5,688,987 | 7 | 5,688,994 | - | 5,688,994 | |||||||||||||||||||||
NVMIG1 |
1,897,116 | 21,047,105 | 21,930,661 | - | 21,930,661 | 15 | 21,930,646 | |||||||||||||||||||||
NVMIVX |
487,399 | 4,564,843 | 5,609,961 | - | 5,609,961 | 3 | 5,609,958 | |||||||||||||||||||||
NVMLG1 |
2,283,094 | 22,813,760 | 23,926,823 | 79 | 23,926,902 | - | 23,926,902 | |||||||||||||||||||||
NVMMG1 |
5,225,626 | 58,285,714 | 60,408,237 | 18 | 60,408,255 | - | 60,408,255 | |||||||||||||||||||||
NVMMV1 |
1,087,937 | 8,069,601 | 10,357,161 | - | 10,357,161 | 5 | 10,357,156 | |||||||||||||||||||||
NVMMV2 |
1,377,098 | 12,993,109 | 13,206,370 | - | 13,206,370 | 4 | 13,206,366 | |||||||||||||||||||||
NVNMO1 |
1,496,700 | 15,454,926 | 22,675,002 | - | 22,675,002 | 4 | 22,674,998 | |||||||||||||||||||||
NVNSR1 |
39,834 | 599,534 | 630,967 | 1 | 630,968 | - | 630,968 | |||||||||||||||||||||
NVOLG1 |
13,875,841 | 269,536,640 | 333,436,470 | 21 | 333,436,491 | - | 333,436,491 | |||||||||||||||||||||
NVRE1 |
4,167,729 | 29,323,041 | 43,969,536 | 66 | 43,969,602 | - | 43,969,602 |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
DECEMBER 31, 2021
Subaccount*,** | Shares | Cost | Investments, at fair value |
Accounts Receivable |
Total Assets | Accounts Payable |
Contract Owners Equity |
|||||||||||||||||||||
NVSIX2 |
250,395 | 2,324,587 | 2,536,501 | 2 | 2,536,503 | - | 2,536,503 | |||||||||||||||||||||
NVSIXD |
2,762 | 28,497 | 28,417 | - | 28,417 | 3 | 28,414 | |||||||||||||||||||||
NVSTB1 |
15,615,480 | 162,995,224 | 160,214,820 | 411 | 160,215,231 | - | 160,215,231 | |||||||||||||||||||||
NVSTB2 |
204,027 | 2,118,614 | 2,085,156 | 3 | 2,085,159 | - | 2,085,159 | |||||||||||||||||||||
NVTIV3 |
75,101 | 851,333 | 871,166 | 4 | 871,170 | - | 871,170 | |||||||||||||||||||||
SAM |
35,570,872 | 35,570,872 | 35,570,872 | - | 35,570,872 | 4 | 35,570,868 | |||||||||||||||||||||
SAM5 |
263,011,493 | 263,011,493 | 263,011,493 | 7 | 263,011,500 | - | 263,011,500 | |||||||||||||||||||||
SCF |
2,487,331 | 48,045,814 | 64,396,994 | - | 64,396,994 | 61 | 64,396,933 | |||||||||||||||||||||
SCGF |
1,818,806 | 31,737,704 | 36,139,666 | 29 | 36,139,695 | - | 36,139,695 | |||||||||||||||||||||
SCVF |
4,292,690 | 42,634,318 | 49,709,351 | 55 | 49,709,406 | - | 49,709,406 | |||||||||||||||||||||
TRF |
2,026,891 | 38,793,279 | 55,171,984 | - | 55,171,984 | 61 | 55,171,923 | |||||||||||||||||||||
AMCG |
46,415 | 1,571,722 | 1,872,399 | 15 | 1,872,414 | - | 1,872,414 | |||||||||||||||||||||
AMMCGS |
31,048 | 894,670 | 1,118,366 | 3 | 1,118,369 | - | 1,118,369 | |||||||||||||||||||||
AMRI |
649 | 8,223 | 13,195 | - | 13,195 | - | 13,195 | |||||||||||||||||||||
AMSRS |
79,097 | 2,039,264 | 2,928,974 | 29 | 2,929,003 | - | 2,929,003 | |||||||||||||||||||||
AMTB |
557,572 | 5,973,837 | 5,843,356 | 4 | 5,843,360 | - | 5,843,360 | |||||||||||||||||||||
NOTB3 |
5,462 | 64,475 | 69,536 | - | 69,536 | 2 | 69,534 | |||||||||||||||||||||
NOTG3 |
4,401 | 49,486 | 57,388 | - | 57,388 | 2 | 57,386 | |||||||||||||||||||||
NOTMG3 |
11,844 | 138,327 | 158,826 | 2 | 158,828 | - | 158,828 | |||||||||||||||||||||
PMVAAA |
472,193 | 4,841,794 | 5,434,936 | - | 5,434,936 | 3 | 5,434,933 | |||||||||||||||||||||
PMVFBA |
162,679 | 1,611,092 | 1,491,770 | 33 | 1,491,803 | - | 1,491,803 | |||||||||||||||||||||
PMVFHA |
34,434 | 382,624 | 370,162 | 10 | 370,172 | - | 370,172 | |||||||||||||||||||||
PMVGBA |
89,477 | 1,018,190 | 978,874 | 8 | 978,882 | - | 978,882 | |||||||||||||||||||||
PMVHYA |
128,273 | 979,076 | 1,018,490 | 81 | 1,018,571 | - | 1,018,571 | |||||||||||||||||||||
PMVLDA |
4,325,403 | 44,582,327 | 44,248,873 | - | 44,248,873 | 20 | 44,248,853 | |||||||||||||||||||||
PMVLGA |
1,279,772 | 17,490,780 | 14,384,634 | 2 | 14,384,636 | - | 14,384,636 | |||||||||||||||||||||
PMVRRA |
3,999,194 | 52,539,098 | 55,948,723 | 50 | 55,948,773 | - | 55,948,773 | |||||||||||||||||||||
PMVRSA |
49,336 | 348,023 | 381,858 | 1 | 381,859 | - | 381,859 | |||||||||||||||||||||
PMVTRA |
6,680,115 | 73,889,939 | 71,878,041 | - | 71,878,041 | 18 | 71,878,023 | |||||||||||||||||||||
PVEIB |
75,852 | 1,895,335 | 2,337,758 | - | 2,337,758 | 1 | 2,337,757 | |||||||||||||||||||||
PVGOB |
228,987 | 2,967,368 | 3,668,375 | - | 3,668,375 | 11 | 3,668,364 | |||||||||||||||||||||
PVTIGB |
63,774 | 942,621 | 1,087,986 | - | 1,087,986 | 16 | 1,087,970 | |||||||||||||||||||||
PVTSCB |
106,733 | 1,080,571 | 1,483,588 | - | 1,483,588 | 8 | 1,483,580 | |||||||||||||||||||||
ROCMC |
196,512 | 2,112,907 | 2,902,484 | 13 | 2,902,497 | - | 2,902,497 | |||||||||||||||||||||
TRBCGP |
2,617,333 | 109,833,584 | 139,032,720 | - | 139,032,720 | 5,534 | 139,027,186 | |||||||||||||||||||||
TREI2 |
721,554 | 18,729,563 | 21,581,665 | 98 | 21,581,763 | - | 21,581,763 | |||||||||||||||||||||
TRHS2 |
260,546 | 13,140,310 | 15,942,838 | 16 | 15,942,854 | - | 15,942,854 | |||||||||||||||||||||
TRLT1 |
5,449,724 | 27,188,668 | 26,758,147 | 7 | 26,758,154 | - | 26,758,154 | |||||||||||||||||||||
TRMCG2 |
1,349,965 | 39,068,216 | 43,630,868 | - | 43,630,868 | 9 | 43,630,859 | |||||||||||||||||||||
TRNAG1 |
2,237,292 | 79,948,148 | 86,538,450 | 44 | 86,538,494 | - | 86,538,494 | |||||||||||||||||||||
TRPSB1 |
400,998 | 8,835,333 | 9,074,595 | 13 | 9,074,608 | - | 9,074,608 | |||||||||||||||||||||
VWEM |
584,470 | 8,334,997 | 8,416,364 | - | 8,416,364 | 26 | 8,416,338 | |||||||||||||||||||||
VWHA |
716,909 | 13,635,467 | 19,076,945 | 76 | 19,077,021 | - | 19,077,021 | |||||||||||||||||||||
VVB |
745,773 | 17,910,019 | 21,187,422 | 3 | 21,187,425 | - | 21,187,425 | |||||||||||||||||||||
VVCG |
440,470 | 16,194,504 | 22,327,402 | 19 | 22,327,421 | - | 22,327,421 | |||||||||||||||||||||
VVEI |
25,438 | 634,285 | 707,436 | 5 | 707,441 | - | 707,441 | |||||||||||||||||||||
VVEIX |
1,843 | 77,743 | 120,631 | 5 | 120,636 | - | 120,636 | |||||||||||||||||||||
VVG |
8,167 | 292,022 | 312,567 | - | 312,567 | 1 | 312,566 | |||||||||||||||||||||
VVGBI |
4,134 | 87,681 | 88,048 | - | 88,048 | 3 | 88,045 | |||||||||||||||||||||
VVHGB |
4,811,934 | 57,993,927 | 58,801,836 | - | 58,801,836 | 43 | 58,801,793 | |||||||||||||||||||||
VVI |
382,504 | 11,548,444 | 15,185,426 | 1 | 15,185,427 | - | 15,185,427 | |||||||||||||||||||||
VVMCI |
1,111,873 | 23,894,008 | 32,778,018 | 62 | 32,778,080 | - | 32,778,080 | |||||||||||||||||||||
VVREI |
184,876 | 2,334,733 | 3,061,542 | 32 | 3,061,574 | - | 3,061,574 |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS EQUITY
DECEMBER 31, 2021
Subaccount*,** | Shares | Cost | Investments, at fair value |
Accounts Receivable |
Total Assets | Accounts Payable |
Contract Owners Equity |
|||||||||||||||||||||
VVSCG |
322,729 | 6,889,925 | 8,552,327 | 19 | 8,552,346 | - | 8,552,346 | |||||||||||||||||||||
VVSTC |
12,266 | 132,701 | 132,230 | 5 | 132,235 | - | 132,235 | |||||||||||||||||||||
VVTISI |
804,513 | 15,826,736 | 19,493,354 | 14 | 19,493,368 | - | 19,493,368 | |||||||||||||||||||||
VVTSM |
3,084 | 167,175 | 175,594 | - | 175,594 | 1 | 175,593 | |||||||||||||||||||||
VRVDRI |
173,315 | 3,171,842 | 4,386,606 | 9 | 4,386,615 | - | 4,386,615 | |||||||||||||||||||||
SVDF |
659,213 | 23,455,197 | 28,174,774 | 55 | 28,174,829 | - | 28,174,829 | |||||||||||||||||||||
SVOF |
275,817 | 7,103,767 | 9,692,205 | 54 | 9,692,259 | - | 9,692,259 | |||||||||||||||||||||
WFVSCG |
837,608 | 9,989,670 | 11,760,012 | - | 11,760,012 | 67 | 11,759,945 | |||||||||||||||||||||
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|
|||||||||||||||||||
Total (unaudited) |
|
$ | 6,991,441,547 | $ | 110,096 | $ | 6,991,551,643 | $ | 7,329 | $ | 6,991,544,314 | |||||||||||||||||
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* | Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b). |
** | For all subaccounts not included herein but listed as an investment option in note 1(b), Total Assets and Contract Owners Equity at the end of the period are $0. See note 1(b) for all investments available for which no policyholders were invested at December 31, 2021, if applicable. |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | Total (unaudited) |
ALVDAA | ALVGIA | ALVIVA | ALVIVB | ALVSVA | ACVCA | ACVI | ||||||||||||||||||||||||
Reinvested dividends |
$ | 67,094,204 | 536 | 256,014 | 65,796 | 3,099 | 145,899 | - | 3,397 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(6,891,026 | ) | - | (45,554 | ) | (1,930 | ) | - | (8,897 | ) | (1,884 | ) | (2,426 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net investment income (loss) |
60,203,178 | 536 | 210,460 | 63,866 | 3,099 | 137,002 | (1,884 | ) | 971 | |||||||||||||||||||||||
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|||||||||||||||||
Realized gain (loss) on investments |
235,096,570 | 277 | 806,755 | 187,288 | 26 | 373,043 | 169,604 | 79,717 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
329,284,242 | 1,640 | 6,143,442 | 188,266 | (3,418 | ) | 4,630,224 | (183,507 | ) | 44,818 | ||||||||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
564,380,812 | 1,917 | 6,950,197 | 375,554 | (3,392 | ) | 5,003,267 | (13,903 | ) | 124,535 | ||||||||||||||||||||||
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|||||||||||||||||
Reinvested capital gains |
297,041,844 | - | - | - | - | - | 111,837 | 60,138 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
$ | 921,625,834 | 2,453 | 7,160,657 | 439,420 | (293 | ) | 5,140,269 | 96,050 | 185,644 | ||||||||||||||||||||||
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Investment Activity*: | ACVIG | ACVIP1 | ACVIP2 | ACVMV1 | ACVV | AMVAA2 | AMVBD2 | AMVGB2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 262,409 | 1,182,425 | 249,796 | 128,643 | 278,067 | 229,592 | 845,171 | 75,343 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(3,882 | ) | (62,131 | ) | - | (5,925 | ) | (20,043 | ) | (18,833 | ) | (60,831 | ) | (3,252 | ) | |||||||||||||||||
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|||||||||||||||||
Net investment income (loss) |
258,527 | 1,120,294 | 249,796 | 122,718 | 258,024 | 210,759 | 784,340 | 72,091 | ||||||||||||||||||||||||
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|||||||||||||||||
Realized gain (loss) on investments |
507,822 | 918,158 | 95,653 | 221,178 | 1,032,507 | 781,671 | 25,118 | 20,671 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
751,954 | 132,453 | 143,830 | 1,947,692 | 2,007,980 | 570,724 | (3,494,392 | ) | (369,766 | ) | ||||||||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
1,259,776 | 1,050,611 | 239,483 | 2,168,870 | 3,040,487 | 1,352,395 | (3,469,274 | ) | (349,095 | ) | ||||||||||||||||||||||
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Reinvested capital gains |
3,507,628 | - | - | - | - | 505,719 | 2,433,284 | 88,775 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
$ | 5,025,931 | 2,170,905 | 489,279 | 2,291,588 | 3,298,511 | 2,068,873 | (251,650 | ) | (188,229 | ) | |||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | AMVGI2 | AMVGR2 | AMVGS2 | AMVI2 | AMVNW2 | PIHYB1 | BRVHYI | MLVGA2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 16,459 | 114,926 | - | 713,211 | 415,093 | 180,160 | 994,806 | 91,168 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
3,785 | (88,596 | ) | (6,563 | ) | (44,025 | ) | (47,530 | ) | (4,499 | ) | (30,407 | ) | (2,983 | ) | |||||||||||||||||
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|||||||||||||||||
Net investment income (loss) |
20,244 | 26,330 | (6,563 | ) | 669,186 | 367,563 | 175,661 | 964,399 | 88,185 | |||||||||||||||||||||||
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|||||||||||||||||
Realized gain (loss) on investments |
8,496 | 5,134,409 | 199,327 | 1,344,700 | 646,114 | 7,202 | 256,082 | 367,467 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
255,594 | (1,473,104 | ) | (91,109 | ) | (2,442,825 | ) | (497,309 | ) | 7,951 | (174,243 | ) | (1,393,089 | ) | ||||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
264,090 | 3,661,305 | 108,218 | (1,098,125 | ) | 148,805 | 15,153 | 81,839 | (1,025,622 | ) | ||||||||||||||||||||||
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|||||||||||||||||
Reinvested capital gains |
13,545 | 6,604,178 | 77,688 | - | 1,539,527 | - | 65,957 | 1,664,600 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
$ | 297,879 | 10,291,813 | 179,343 | (428,939 | ) | 2,055,895 | 190,814 | 1,112,195 | 727,163 | ||||||||||||||||||||||
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Investment Activity*: | MLVLC2 | DCAP | DSC | DSIF | DSRG | DVMCS | DVSCS | CVSPIP | ||||||||||||||||||||||||
Reinvested dividends |
$ | 14,163 | 103,600 | 1,530 | 10,346,435 | 128,602 | 18,163 | 1,150,263 | 9,754 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(1,949 | ) | (4,829 | ) | - | (1,072,871 | ) | (482 | ) | (4,877 | ) | (238,009 | ) | (1,745 | ) | |||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
12,214 | 98,771 | 1,530 | 9,273,564 | 128,120 | 13,286 | 912,254 | 8,009 | ||||||||||||||||||||||||
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|
|
|
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|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
9,782 | 7,257,131 | 18,656 | 34,184,120 | 1,042,273 | 370,996 | 2,807,273 | 111,262 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(272,988 | ) | (3,691,031 | ) | 189,820 | 140,742,949 | 2,491,496 | 188,011 | 31,517,509 | 26,276 | ||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(263,206 | ) | 3,566,100 | 208,476 | 174,927,069 | 3,533,769 | 559,007 | 34,324,782 | 137,538 | |||||||||||||||||||||||
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|
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|
|
|
|
|||||||||||||||||
Reinvested capital gains |
508,449 | 2,510,334 | - | 39,184,565 | 378,146 | 18,381 | 2,355,372 | 35,541 | ||||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 257,457 | 6,175,205 | 210,006 | 223,385,198 | 4,040,035 | 590,674 | 37,592,408 | 181,088 | |||||||||||||||||||||||
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|
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | SASP5I | DAVVL | DWVEMS | DWVSVS | DFVEA | DFVGMI | DFVIPS | DFVIS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 1,222,233 | 34,553 | 4,086 | 131,911 | 212 | 1,871 | 329,275 | 528 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(111,501 | ) | (8,616 | ) | (13,933 | ) | (37,671 | ) | 7 | - | (8,743 | ) | 58 | |||||||||||||||||||
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|
|
|
|||||||||||||||||
Net investment income (loss) |
1,110,732 | 25,937 | (9,847 | ) | 94,240 | 219 | 1,871 | 320,532 | 586 | |||||||||||||||||||||||
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|
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|
|||||||||||||||||
Realized gain (loss) on investments |
13,484,131 | 20,484 | 212,651 | 468,623 | 10 | 29,814 | 391,380 | 2,288 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,692,198 | (120,376 | ) | (459,597 | ) | 5,294,472 | (250 | ) | (15,721 | ) | (419,417 | ) | (1,442 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
22,176,329 | (99,892 | ) | (246,946 | ) | 5,763,095 | (240 | ) | 14,093 | (28,037 | ) | 846 | ||||||||||||||||||||
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|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 940,900 | 32,690 | - | 499 | 4,194 | 59,140 | 1,423 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 23,287,061 | 866,945 | (224,103 | ) | 5,857,335 | 478 | 20,158 | 351,635 | 2,855 | ||||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | DFVIV | DFVULV | DFVUTV | DSGIBA | SVSLVB | SVSSVB | ETVFR | FQB | ||||||||||||||||||||||||
Reinvested dividends |
$ | 2,957 | 218,598 | 70,594 | 4,760 | 404 | 1,160 | 867,681 | 588,237 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
115 | (15,159 | ) | (4,916 | ) | - | (44 | ) | (142 | ) | (54,180 | ) | (10,604 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net investment income (loss) |
3,072 | 203,439 | 65,678 | 4,760 | 360 | 1,018 | 813,501 | 577,633 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Realized gain (loss) on investments |
100 | 399,440 | 397,282 | 3,212 | 1,248 | (301 | ) | (75,002 | ) | (20,283 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
5,437 | 2,241,006 | 182,547 | 10,717 | 4,634 | 33,386 | 244,724 | (1,110,711 | ) | |||||||||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
5,537 | 2,640,446 | 579,829 | 13,929 | 5,882 | 33,085 | 169,722 | (1,130,994 | ) | |||||||||||||||||||||||
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|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 354,548 | 2,879 | - | - | - | 204,023 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 8,609 | 2,843,885 | 1,000,055 | 21,568 | 6,242 | 34,103 | 983,223 | (349,338 | ) | ||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | FVU2 | FVUS2 | FCS | FEIS | FEMS | FF05S | FF10S | FF15S | ||||||||||||||||||||||||
Reinvested dividends |
$ | 14,264 | 37,083 | 20,405 | 1,239,844 | 292,238 | 5,741 | 34,005 | 95,008 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (533 | ) | (70,567 | ) | (21,633 | ) | (21,881 | ) | (1,090 | ) | (604 | ) | (10,158 | ) | |||||||||||||||||
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|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
14,264 | 36,550 | (50,162 | ) | 1,218,211 | 270,357 | 4,651 | 33,401 | 84,850 | |||||||||||||||||||||||
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|
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|
|
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|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
10,136 | (37,733 | ) | 1,645,499 | 532,657 | 1,621,029 | 119,121 | 111,893 | 242,684 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
116,952 | (32,383 | ) | 3,651,184 | 5,377,801 | (3,997,223 | ) | (123,692 | ) | (62,820 | ) | (33,971 | ) | |||||||||||||||||||
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
127,088 | (70,116 | ) | 5,296,683 | 5,910,458 | (2,376,194 | ) | (4,571 | ) | 49,073 | 208,713 | |||||||||||||||||||||
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|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 5,654,539 | 7,698,676 | 1,575,640 | 33,350 | 124,989 | 359,846 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 141,352 | (33,566 | ) | 10,901,060 | 14,827,345 | (530,197 | ) | 33,430 | 207,463 | 653,409 | |||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | FF20S | FF25S | FF30S | FF35S | FF40S | FF45S | FF50S | FF55S | ||||||||||||||||||||||||
Reinvested dividends |
$ | 321,241 | 394,571 | 602,373 | 82,506 | 255,716 | 11,216 | 18,415 | 4,052 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(32,276 | ) | (63,474 | ) | (70,212 | ) | (15,737 | ) | (51,241 | ) | (1,978 | ) | (4,060 | ) | (7 | ) | ||||||||||||||||
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|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
288,965 | 331,097 | 532,161 | 66,769 | 204,475 | 9,238 | 14,355 | 4,045 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
528,716 | 1,407,439 | 1,384,536 | 769,668 | 996,468 | 122,767 | 280,649 | 8,873 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
424,339 | 831,155 | 2,268,920 | (482 | ) | 2,147,681 | (12,845 | ) | (13,987 | ) | (454 | ) | ||||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
953,055 | 2,238,594 | 3,653,456 | 769,186 | 3,144,149 | 109,922 | 266,662 | 8,419 | ||||||||||||||||||||||||
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|
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|
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|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
1,618,273 | 1,338,925 | 2,348,521 | 298,533 | 1,183,609 | 37,355 | 79,700 | 10,490 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 2,860,293 | 3,908,616 | 6,534,138 | 1,134,488 | 4,532,233 | 156,515 | 360,717 | 22,954 | |||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | FF60S | FF65S | FFINS | FGOS | FGS | FHIS | FIGBS | FIP | ||||||||||||||||||||||||
Reinvested dividends |
$ | 8,233 | 84 | 13,447 | - | - | 581,445 | 3,426,790 | 34,165 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
630 | (4 | ) | (2,050 | ) | (658 | ) | (111,351 | ) | (7,738 | ) | (236,079 | ) | 1,774 | ||||||||||||||||||
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|
|
|
|
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|
|
|||||||||||||||||
Net investment income (loss) |
8,863 | 80 | 11,397 | (658 | ) | (111,351 | ) | 573,707 | 3,190,711 | 35,939 | ||||||||||||||||||||||
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|
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
103,877 | 3 | 68,207 | 57,415 | 10,402,821 | 56,964 | 1,929,035 | 867,252 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(33,637 | ) | (30 | ) | (65,897 | ) | (39,529 | ) | (10,894,492 | ) | (153,156 | ) | (11,501,719 | ) | 136,820 | |||||||||||||||||
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|
|
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|
|
|||||||||||||||||
Net gain (loss) on investments |
70,240 | (27 | ) | 2,310 | 17,886 | (491,671 | ) | (96,192 | ) | (9,572,684 | ) | 1,004,072 | ||||||||||||||||||||
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
25,591 | 248 | 35,799 | 57,485 | 36,656,365 | - | 4,754,427 | 14,430 | ||||||||||||||||||||||||
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|
|
|
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|
|
|
|
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|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 104,694 | 301 | 49,506 | 74,713 | 36,053,343 | 477,515 | (1,627,546 | ) | 1,054,441 | ||||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | FMCS | FMMP | FNRS2 | FOS | FRESS | FVBIS | FVEMIS | FVIIS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 198,744 | 632 | 105,520 | 96,757 | 27,929 | 37 | 6 | 66 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(14,338 | ) | (8,106 | ) | - | (2,001 | ) | (4,593 | ) | 2 | - | 3 | ||||||||||||||||||||
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|
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|
|
|
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|
|
|
|||||||||||||||||
Net investment income (loss) |
184,406 | (7,474 | ) | 105,520 | 94,756 | 23,336 | 39 | 6 | 69 | |||||||||||||||||||||||
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|
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|
|||||||||||||||||
Realized gain (loss) on investments |
1,163,451 | - | (637,658 | ) | 420,031 | 366,270 | - | - | 3 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,018,978 | - | 2,201,958 | 1,664,319 | 851,894 | (45 | ) | (16 | ) | (95 | ) | |||||||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
2,182,429 | - | 1,564,300 | 2,084,350 | 1,218,164 | (45 | ) | (16 | ) | (92 | ) | |||||||||||||||||||||
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|
|
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|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
6,212,545 | - | - | 1,626,960 | 15,880 | - | 27 | 3 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 8,579,380 | (7,474 | ) | 1,669,820 | 3,806,066 | 1,257,380 | (6 | ) | 17 | (20 | ) | ||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | FVMIS | FVSS | FTVDM2 | FTVFA2 | FTVGB1 | FTVGI2 | FTVIS2 | FTVMD2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 2,271 | 57,477 | 33,222 | 10,974 | - | - | 254,334 | 15,216 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
339 | - | - | - | (24,690 | ) | (85 | ) | - | (1,068 | ) | |||||||||||||||||||||
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|
|
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|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
2,610 | 57,477 | 33,222 | 10,974 | (24,690 | ) | (85 | ) | 254,334 | 14,148 | ||||||||||||||||||||||
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|
|
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|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
661 | 116,847 | 135,795 | (7,206 | ) | (1,190,184 | ) | (180,514 | ) | (17,492 | ) | 75,057 | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
50,644 | 563,131 | (460,234 | ) | 67,049 | 533,985 | (92,425 | ) | 598,720 | 11,979 | ||||||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
51,305 | 679,978 | (324,439 | ) | 59,843 | (656,199 | ) | (272,939 | ) | 581,228 | 87,036 | |||||||||||||||||||||
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
1,651 | 338,787 | 76,138 | - | - | - | - | - | ||||||||||||||||||||||||
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|
|
|
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|
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|
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|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 55,566 | 1,076,242 | (215,079 | ) | 70,817 | (680,889 | ) | (273,024 | ) | 835,562 | 101,184 | ||||||||||||||||||||
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|
|
|||||||||||||||||
Investment Activity*: | FTVRDI | FTVSV2 | FTVSVI | TIF | TIF2 | GVCSE | GVGMNS | GVGOPS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 199,452 | 109,612 | 131,830 | 16,419 | 219,358 | 7,594 | - | - | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (16,603 | ) | - | - | (13,683 | ) | (1,485 | ) | - | (2,595 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
199,452 | 93,009 | 131,830 | 16,419 | 205,675 | 6,109 | - | (2,595 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
5,899,200 | 108,862 | (151,111 | ) | (5,517 | ) | (198,902 | ) | 230,958 | 128 | 49,690 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,313,719 | ) | 1,624,580 | 2,231,015 | 24,071 | 489,868 | (244,560 | ) | 155 | (140,476 | ) | |||||||||||||||||||||
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
3,585,481 | 1,733,442 | 2,079,904 | 18,554 | 290,966 | (13,602 | ) | 283 | (90,786 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
603,831 | 290,242 | 294,019 | - | - | 358,215 | 3,489 | 233,389 | ||||||||||||||||||||||||
|
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|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 4,388,764 | 2,116,693 | 2,505,753 | 34,973 | 496,641 | 350,722 | 3,772 | 140,008 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | GVMCE | GVMSAS | RVARS | ACEG | ACGI | AVHY1 | AVIE | AVMCCI | ||||||||||||||||||||||||
Reinvested dividends |
$ | 50,889 | 265 | - | - | 72,805 | 34,976 | 513,225 | 1,470 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(22,345 | ) | - | - | - | (7,465 | ) | (1,204 | ) | (78,263 | ) | (124 | ) | |||||||||||||||||||
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|
|
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|
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|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
28,544 | 265 | - | - | 65,340 | 33,772 | 434,962 | 1,346 | ||||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
1,441,873 | 211 | 29,623 | 160,858 | 149,345 | 86,322 | 831,624 | (1,307 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(13,700 | ) | 75 | (2,048 | ) | (162,956 | ) | 1,231,503 | (88,672 | ) | (1,873,336 | ) | 64,422 | |||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
1,428,173 | 286 | 27,575 | (2,098 | ) | 1,380,848 | (2,350 | ) | (1,041,712 | ) | 63,115 | |||||||||||||||||||||
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|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
1,497,617 | - | 9,100 | 325,205 | - | - | 2,710,418 | - | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 2,954,334 | 551 | 36,675 | 323,107 | 1,446,188 | 31,422 | 2,103,668 | 64,461 | |||||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | AVSCE | IVBRA1 | MSVMV | OVAG | OVGI | OVGR | OVGS | OVIG | ||||||||||||||||||||||||
Reinvested dividends |
$ | 324 | 57,506 | - | - | 307,983 | - | - | - | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(463 | ) | - | - | (11,517 | ) | (15,946 | ) | (18,685 | ) | (83,070 | ) | (40,455 | ) | ||||||||||||||||||
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|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(139 | ) | 57,506 | - | (11,517 | ) | 292,037 | (18,685 | ) | (83,070 | ) | (40,455 | ) | |||||||||||||||||||
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
44,076 | (14,598 | ) | - | 2,541,572 | 9,983,019 | 557,915 | 5,388,294 | 720,854 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(23,927 | ) | 51,695 | 1 | 774,778 | (2,009,916 | ) | 1,544,603 | 3,783,677 | (627,610 | ) | |||||||||||||||||||||
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
20,149 | 37,097 | 1 | 3,316,350 | 7,973,103 | 2,102,518 | 9,171,971 | 93,244 | ||||||||||||||||||||||||
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|
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|
|
|||||||||||||||||
Reinvested capital gains |
10,251 | 57,281 | - | 5,758,027 | 2,510,681 | 786,162 | 5,235,044 | 2,153,098 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 30,261 | 151,884 | 1 | 9,062,860 | 10,775,821 | 2,869,995 | 14,323,945 | 2,205,887 | |||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | OVSB | OVSC | WRASP | WRGP | WRHIP | WRMCG | WRRESP | WRSTP | ||||||||||||||||||||||||
Reinvested dividends |
$ | 828,921 | 35,137 | 113,079 | - | 800,487 | - | 64,713 | - | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (1,671 | ) | (1,149 | ) | (5,089 | ) | (27,617 | ) | (8,807 | ) | (8,485 | ) | (3,508 | ) | |||||||||||||||||
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|
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|
|
|
|||||||||||||||||
Net investment income (loss) |
828,921 | 33,466 | 111,930 | (5,089 | ) | 772,870 | (8,807 | ) | 56,228 | (3,508 | ) | |||||||||||||||||||||
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|
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|
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|
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|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(173,739 | ) | 191,845 | 211,627 | 90,497 | (22,867 | ) | 662,729 | 271,644 | 1,991,293 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,283,366 | ) | 963,241 | (347,500 | ) | 921,446 | 54,813 | (426,040 | ) | 2,171,906 | (3,605,574 | ) | ||||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
(1,457,105 | ) | 1,155,086 | (135,873 | ) | 1,011,943 | 31,946 | 236,689 | 2,443,550 | (1,614,281 | ) | |||||||||||||||||||||
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|
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|
|
|
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|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 590,907 | 729,540 | 575,356 | - | 814,415 | 108,801 | 2,955,121 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (628,184 | ) | 1,779,459 | 705,597 | 1,582,210 | 804,816 | 1,042,297 | 2,608,579 | 1,337,332 | ||||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | JPMMV1 | JPSCE1 | JABS | JACAS | JAEI | JAFBS | JAGTS | JAIGS | ||||||||||||||||||||||||
Reinvested dividends |
$ | 489,022 | 4,348 | 315,366 | - | 5,131 | 124,986 | 52,232 | 266,177 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(92,032 | ) | (1,945 | ) | (67,643 | ) | (19,845 | ) | - | (9,069 | ) | (17,857 | ) | (8,461 | ) | |||||||||||||||||
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|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
396,990 | 2,403 | 247,723 | (19,845 | ) | 5,131 | 115,917 | 34,375 | 257,716 | |||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
1,071,215 | 31,175 | 2,135,261 | 4,338,655 | 317,758 | 76,281 | 3,759,360 | 151,076 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,977,004 | 87,583 | 4,447,803 | 1,123,815 | (135,271 | ) | (464,291 | ) | (2,392,006 | ) | 2,712,253 | |||||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
10,048,219 | 118,758 | 6,583,064 | 5,462,470 | 182,487 | (388,010 | ) | 1,367,354 | 2,863,329 | |||||||||||||||||||||||
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|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
2,693,823 | 21,015 | 347,269 | 9,069,454 | 135,391 | 184,336 | 5,988,697 | - | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 13,139,032 | 142,176 | 7,178,056 | 14,512,079 | 323,009 | (87,757 | ) | 7,390,426 | 3,121,045 | ||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | JAMGS | JAMVS | LZREMS | SBVSG | BNCAI | LOVBD | LOVMCV | LOVSDC | ||||||||||||||||||||||||
Reinvested dividends |
$ | 105,147 | 2,848 | 256,080 | - | - | 132,320 | - | 512,004 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(70,011 | ) | (1,872 | ) | (21,617 | ) | (52,867 | ) | (11,770 | ) | (7,857 | ) | - | (41,237 | ) | |||||||||||||||||
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|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
35,136 | 976 | 234,463 | (52,867 | ) | (11,770 | ) | 124,463 | - | 470,767 | ||||||||||||||||||||||
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
2,284,029 | 222 | 559,279 | 3,930,858 | 525,259 | 58,131 | 254 | 50,245 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
255,722 | 157,421 | (36,084 | ) | (3,994,978 | ) | 544,970 | (122,970 | ) | (166 | ) | (405,229 | ) | |||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
2,539,751 | 157,643 | 523,195 | (64,120 | ) | 1,070,229 | (64,839 | ) | 88 | (354,984 | ) | |||||||||||||||||||||
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|
|
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|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
3,966,351 | - | - | 3,547,967 | 164,749 | 70,004 | 1 | - | ||||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 6,541,238 | 158,619 | 757,658 | 3,430,980 | 1,223,208 | 129,628 | 89 | 115,783 | |||||||||||||||||||||||
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|
|||||||||||||||||
Investment Activity*: | LOVTRC | MNVFRS | MEGSS | MMCGSC | MNDIC | MNDSC | MV2EEI | MV2EES | ||||||||||||||||||||||||
Reinvested dividends |
$ | 412,685 | 1,330 | - | - | - | - | - | 381 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(60,185 | ) | (91 | ) | (1 | ) | (2,790 | ) | - | 2,399 | - | (124 | ) | |||||||||||||||||||
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|
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|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
352,500 | 1,239 | (1 | ) | (2,790 | ) | - | 2,399 | - | 257 | ||||||||||||||||||||||
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
895,562 | 16 | - | 127,270 | 228,062 | 121,616 | - | (1,032 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,576,908 | ) | 222 | (70 | ) | (376,329 | ) | (510,786 | ) | (912,775 | ) | (46 | ) | (18,115 | ) | |||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
(681,346 | ) | 238 | (70 | ) | (249,059 | ) | (282,724 | ) | (791,159 | ) | (46 | ) | (19,147 | ) | |||||||||||||||||
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|
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|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
182,846 | - | - | 565,922 | 337,501 | 850,045 | - | 12 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (146,000 | ) | 1,477 | (71 | ) | 314,073 | 54,777 | 61,285 | (46 | ) | (18,878 | ) | |||||||||||||||||||
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|
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | MV2IGI | MV2RIS | MV3MVI | MV3MVS | MVBRES | MVFIC | MVFSC | MVIGIC | ||||||||||||||||||||||||
Reinvested dividends |
$ | 12,822 | 271,843 | 1,433 | 13,136 | 18,983 | 154,433 | 1,304,705 | 2,459 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (41,380 | ) | - | (2,864 | ) | (3,784 | ) | - | (205,397 | ) | - | ||||||||||||||||||||
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|
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|
|
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|
|
|||||||||||||||||
Net investment income (loss) |
12,822 | 230,463 | 1,433 | 10,272 | 15,199 | 154,433 | 1,099,308 | 2,459 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
223,257 | 93,491 | 3,861 | 239,700 | 105,789 | 278,682 | 2,479,658 | 20,239 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
283,060 | 1,883,975 | 17,282 | 147,691 | 253,270 | 1,926,819 | 17,871,954 | (3,274 | ) | |||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
506,317 | 1,977,466 | 21,143 | 387,391 | 359,059 | 2,205,501 | 20,351,612 | 16,965 | ||||||||||||||||||||||||
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|
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|
|
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|
|
|||||||||||||||||
Reinvested capital gains |
682,843 | 1,955,689 | 1,214 | 12,619 | 144,494 | 257,172 | 2,564,489 | 20,052 | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,201,982 | 4,163,618 | 23,790 | 410,282 | 518,752 | 2,617,106 | 24,015,409 | 39,476 | |||||||||||||||||||||||
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|
|||||||||||||||||
Investment Activity*: | MVIVSC | MVRBSS | MSEM | MSVEG | MSVFI | MSVMG | MSVRE | VKVGR2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 154,191 | 102,387 | 398,770 | - | 103,286 | - | 116,013 | 121,092 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(190,824 | ) | (4,404 | ) | (6,811 | ) | (21,075 | ) | - | (6,456 | ) | (8,134 | ) | (9,285 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(36,633 | ) | 97,983 | 391,959 | (21,075 | ) | 103,286 | (6,456 | ) | 107,879 | 111,807 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
6,735,502 | 11,766 | (96,863 | ) | 3,066,281 | 13,158 | 487,778 | (231,460 | ) | (213,682 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,355,310 | (147,647 | ) | (464,378 | ) | (7,614,631 | ) | (297,032 | ) | (2,728,875 | ) | 2,057,854 | 1,090,999 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
8,090,812 | (135,881 | ) | (561,241 | ) | (4,548,350 | ) | (283,874 | ) | (2,241,097 | ) | 1,826,394 | 877,317 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
2,989,831 | 304 | - | 4,362,340 | 171,190 | 1,753,317 | - | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 11,044,010 | (37,594 | ) | (169,282 | ) | (207,085 | ) | (9,398 | ) | (494,236 | ) | 1,934,273 | 989,124 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | DTRTFB | EIF | GBF | GEM | GIG | GVAAA2 | GVABD2 | GVAGG2 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 10,019 | 206,842 | 1,947,986 | 141,441 | 466,866 | 150,662 | 36,278 | - | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (2,773 | ) | (131,994 | ) | (6,839 | ) | (11,339 | ) | - | - | - | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
10,019 | 204,069 | 1,815,992 | 134,602 | 455,527 | 150,662 | 36,278 | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
107 | 900,887 | 999,579 | 651,392 | 519,102 | 163,570 | 36,225 | 599,985 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(10,394 | ) | 1,557,484 | (5,469,353 | ) | (1,847,844 | ) | 1,075,057 | 1,414,573 | (95,926 | ) | 812,775 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(10,287 | ) | 2,458,371 | (4,469,774 | ) | (1,196,452 | ) | 1,594,159 | 1,578,143 | (59,701 | ) | 1,412,760 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
1,217 | 161,825 | - | - | - | 82,456 | 10,096 | 311,933 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 949 | 2,824,265 | (2,653,782 | ) | (1,061,850 | ) | 2,049,686 | 1,811,261 | (13,327 | ) | 1,724,693 | ||||||||||||||||||||
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|
|
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|
|
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|
|
|
|
|
|||||||||||||||||
Investment Activity*: | GVAGI2 | GVAGR2 | GVDMA | GVDMC | GVEX1 | GVIDA | GVIDC | GVIDM | ||||||||||||||||||||||||
Reinvested dividends |
$ | 63,280 | - | 198,529 | 52,568 | 346,191 | 67,148 | 41,240 | 158,072 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | - | (75,892 | ) | (21,482 | ) | - | (49,024 | ) | (17,387 | ) | (45,039 | ) | |||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
63,280 | - | 122,637 | 31,086 | 346,191 | 18,124 | 23,853 | 113,033 | ||||||||||||||||||||||||
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
132,370 | 906,411 | 2,350,886 | 385,696 | 518,186 | 722,024 | 243,733 | 756,145 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
878,649 | 2,865,681 | 11,331,707 | 952,743 | 2,747,935 | 5,478,546 | 104,688 | 6,266,233 | ||||||||||||||||||||||||
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|
|
|
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|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
1,011,019 | 3,772,092 | 13,682,593 | 1,338,439 | 3,266,121 | 6,200,570 | 348,421 | 7,022,378 | ||||||||||||||||||||||||
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
109,410 | 354,169 | 1,918,642 | 215,221 | 111,702 | 865,707 | 110,760 | 945,175 | ||||||||||||||||||||||||
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,183,709 | 4,126,261 | 15,723,872 | 1,584,746 | 3,724,014 | 7,084,401 | 483,034 | 8,080,586 | |||||||||||||||||||||||
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|
|
|
|
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|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | GVIX2 | HIBF | IDPG | IDPGI | MCIF | MSBF | NCPG | NCPGI | ||||||||||||||||||||||||
Reinvested dividends |
$ | 106,958 | 1,073,080 | 1,315 | 43 | 1,701,834 | 610,262 | 497 | 68 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (24,551 | ) | - | - | (182,471 | ) | (3,564 | ) | - | - | |||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
106,958 | 1,048,529 | 1,315 | 43 | 1,519,363 | 606,698 | 497 | 68 | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
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|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
70,451 | (24,096 | ) | 6,403 | 57 | 1,777,391 | 25,811 | 1,341 | 26 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
207,293 | 30,163 | 15,686 | 411 | 23,298,739 | (91,741 | ) | 17,010 | 1,877 | |||||||||||||||||||||||
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|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
277,744 | 6,067 | 22,089 | 468 | 25,076,130 | (65,930 | ) | 18,351 | 1,903 | |||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 11,314 | 231 | 2,432,651 | - | - | - | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 384,702 | 1,054,596 | 34,718 | 742 | 29,028,144 | 540,768 | 18,848 | 1,971 | |||||||||||||||||||||||
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|
|||||||||||||||||
Investment Activity*: | NJMMA2 | NJMMAY | NVAMV1 | NVAMVX | NVBX | NVCBD1 | NVCCA1 | NVCCN1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | 19,472 | 485,719 | 346,677 | 4,732,037 | 52,844 | 12,449 | 8,472 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(10 | ) | 2,241 | - | (11,456 | ) | (286,921 | ) | - | 141 | (1,820 | ) | ||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(10 | ) | 21,713 | 485,719 | 335,221 | 4,445,116 | 52,844 | 12,590 | 6,652 | |||||||||||||||||||||||
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|
|
|
|
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|
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|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
1,505 | 432 | 517,113 | 927,611 | 11,369,391 | 60,382 | 13,140 | 106,458 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,559 | ) | 11,036 | 10,465,218 | 5,729,585 | (21,291,810 | ) | (232,805 | ) | 623,058 | 40,250 | |||||||||||||||||||||
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|
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|
|
|
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|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(54 | ) | 11,468 | 10,982,331 | 6,657,196 | (9,922,419 | ) | (172,423 | ) | 636,198 | 146,708 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 28,379 | - | - | 884,372 | 80,805 | - | 8,833 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (64 | ) | 61,560 | 11,468,050 | 6,992,417 | (4,592,931 | ) | (38,774 | ) | 648,788 | 162,193 | ||||||||||||||||||||
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | NVCMA1 | NVCMC1 | NVCMD1 | NVCRA1 | NVCRB1 | NVDBL2 | NVDCA2 | NVDCAP | ||||||||||||||||||||||||
Reinvested dividends |
$ | 22,184 | 5,688 | 28,324 | 7,007 | 17,834 | 4,025 | 1,252 | 724 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(1,588 | ) | (119 | ) | (3,978 | ) | (388 | ) | (1,738 | ) | - | - | - | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
20,596 | 5,569 | 24,346 | 6,619 | 16,096 | 4,025 | 1,252 | 724 | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
(83,720 | ) | 182,043 | (55,674 | ) | 201,672 | 170,035 | 27,209 | 16,192 | 1,782 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,479,292 | (3,944 | ) | 1,212,242 | 458,561 | 511,459 | 106,762 | 58,657 | 16,221 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
1,395,572 | 178,099 | 1,156,568 | 660,233 | 681,494 | 133,971 | 74,849 | 18,003 | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 566 | - | - | - | 19,122 | 11,172 | 3,012 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 1,416,168 | 184,234 | 1,180,914 | 666,852 | 697,590 | 157,118 | 87,273 | 21,739 | |||||||||||||||||||||||
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|
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|
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|
|
|||||||||||||||||
Investment Activity*: | NVFIII | NVGEII | NVIDMP | NVIE6 | NVIX | NVLCP1 | NVMIG1 | NVMIVX | ||||||||||||||||||||||||
Reinvested dividends |
$ | 1,447 | 909 | 13,644 | 5,351 | 1,058,810 | 107,370 | 90,284 | 183,866 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | - | - | - | (50,656 | ) | - | - | - | |||||||||||||||||||||||
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
1,447 | 909 | 13,644 | 5,351 | 1,008,154 | 107,370 | 90,284 | 183,866 | ||||||||||||||||||||||||
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|
|
|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
1,841 | 4,215 | 21,660 | 1,735 | 1,196,262 | 28,615 | 101,065 | 64,063 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(7,363 | ) | 6,225 | 160,669 | 18,991 | 1,274,525 | (232,546 | ) | (1,163,532 | ) | 282,650 | |||||||||||||||||||||
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|
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|
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(5,522 | ) | 10,440 | 182,329 | 20,726 | 2,470,787 | (203,931 | ) | (1,062,467 | ) | 346,713 | |||||||||||||||||||||
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|
|
|
|
|
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|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
44 | 43 | 37,375 | - | - | 83,668 | 766,862 | - | ||||||||||||||||||||||||
|
|
|
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|
|
|
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|
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (4,031 | ) | 11,392 | 233,348 | 26,077 | 3,478,941 | (12,893 | ) | (205,321 | ) | 530,579 | ||||||||||||||||||||
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|
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|
|
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|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | NVMLG1 | NVMMG1 | NVMMV1 | NVMMV2 | NVNMO1 | NVNSR1 | NVOLG1 | NVRE1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | 76,726 | 84,270 | 94,331 | 64,064 | 1,625 | 1,479,436 | 404,428 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(4,823 | ) | (2,441 | ) | (7,509 | ) | - | - | (7 | ) | (2,441 | ) | (17,233 | ) | ||||||||||||||||||
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|
|
|
|
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|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(4,823 | ) | 74,285 | 76,761 | 94,331 | 64,064 | 1,618 | 1,476,995 | 387,195 | |||||||||||||||||||||||
|
|
|
|
|
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
(249,976 | ) | 1,800,677 | 121,464 | (607,427 | ) | 691,433 | 5,519 | 5,127,906 | 1,320,551 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
3,628,322 | (13,522,538 | ) | 1,619,759 | 3,314,227 | 3,747,059 | 20,172 | 51,367,793 | 12,035,299 | |||||||||||||||||||||||
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|
|
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|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
3,378,346 | (11,721,861 | ) | 1,741,223 | 2,706,800 | 4,438,492 | 25,691 | 56,495,699 | 13,355,850 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
3,475,283 | 8,510,810 | - | - | 424,925 | 22,775 | 3,897,469 | - | ||||||||||||||||||||||||
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|
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|
|
|
|
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|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 6,848,806 | (3,136,766 | ) | 1,817,984 | 2,801,131 | 4,927,481 | 50,084 | 61,870,163 | 13,743,045 | ||||||||||||||||||||||
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|
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|
|||||||||||||||||
Investment Activity*: | NVSIX2 | NVSIXD | NVSTB1 | NVSTB2 | NVTIV3 | SAM | SAM5 | SCF | ||||||||||||||||||||||||
Reinvested dividends |
$ | 20,363 | 302 | 2,073,296 | 22,121 | 21,223 | 10 | 63 | - | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(161 | ) | 15 | (175,771 | ) | - | - | (29 | ) | (388,114 | ) | (29,033 | ) | |||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
20,202 | 317 | 1,897,525 | 22,121 | 21,223 | (19 | ) | (388,051 | ) | (29,033 | ) | |||||||||||||||||||||
|
|
|
|
|
|
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|
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|
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
(132,291 | ) | (57 | ) | (186,551 | ) | 24,870 | (27 | ) | - | - | 255,484 | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
298,928 | (80 | ) | (2,614,329 | ) | (57,708 | ) | 65,644 | - | - | 14,384,031 | |||||||||||||||||||||
|
|
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|
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|
|
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|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
166,637 | (137 | ) | (2,800,880 | ) | (32,838 | ) | 65,617 | - | - | 14,639,515 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
37,029 | 151 | - | - | - | - | - | 612,629 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 223,868 | 331 | (903,355 | ) | (10,717 | ) | 86,840 | (19 | ) | (388,051 | ) | 15,223,111 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | SCGF | SCVF | TRF | AMCG | AMMCGS | AMRI | AMSRS | AMTB | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | - | 398,660 | - | - | 75 | 10,678 | 150,725 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(23,543 | ) | (17,413 | ) | (441 | ) | (4,715 | ) | - | (1 | ) | (74 | ) | - | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
(23,543 | ) | (17,413 | ) | 398,219 | (4,715 | ) | - | 74 | 10,604 | 150,725 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
1,088,517 | (2,193,507 | ) | 1,534,412 | 196,495 | 77,026 | 1,200 | 132,168 | 31,034 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(535,436 | ) | 14,131,117 | 5,837,195 | (169,672 | ) | (76,578 | ) | 3,011 | 392,070 | (164,652 | ) | ||||||||||||||||||||
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
553,081 | 11,937,610 | 7,371,607 | 26,823 | 448 | 4,211 | 524,238 | (133,618 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
3,063,461 | - | 2,367,715 | 200,971 | 135,719 | - | 54,601 | - | ||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 3,592,999 | 11,920,197 | 10,137,541 | 223,079 | 136,167 | 4,285 | 589,443 | 17,107 | |||||||||||||||||||||||
|
|
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|
|
|||||||||||||||||
Investment Activity*: | NOTB3 | NOTG3 | NOTMG3 | PMVAAA | PMVFBA | PMVFHA | PMVGBA | PMVHYA | ||||||||||||||||||||||||
Reinvested dividends |
$ | 686 | 527 | 1,603 | 608,316 | 90,753 | 4,572 | 42,696 | 42,905 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | - | - | (5,359 | ) | (1,384 | ) | (416 | ) | (1,959 | ) | (1,955 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
686 | 527 | 1,603 | 602,957 | 89,369 | 4,156 | 40,737 | 40,950 | ||||||||||||||||||||||||
|
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|
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|
|
|
|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
178 | 383 | 1,193 | 124,405 | 1,243 | (1,510 | ) | 3,967 | 2,102 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
4,163 | 5,347 | 13,038 | 64,073 | (215,883 | ) | (11,045 | ) | (95,703 | ) | (10,821 | ) | ||||||||||||||||||||
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|
|
|
|
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|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
4,341 | 5,730 | 14,231 | 188,478 | (214,640 | ) | (12,555 | ) | (91,736 | ) | (8,719 | ) | ||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | - | - | 2,631 | 2,370 | 13,166 | - | ||||||||||||||||||||||||
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|
|
|
|
|
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|
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|
|
|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 5,027 | 6,257 | 15,834 | 791,435 | (122,640 | ) | (6,029 | ) | (37,833 | ) | 32,231 | ||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | PMVLDA | PMVLGA | PMVRRA | PMVRSA | PMVTRA | PVEIB | PVGOB | PVTIGB | ||||||||||||||||||||||||
Reinvested dividends |
$ | 232,876 | 288,239 | 2,581,529 | 14,245 | 1,351,782 | 23,201 | - | 15,611 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(74,111 | ) | (4,828 | ) | (93,864 | ) | - | (99,782 | ) | - | - | - | ||||||||||||||||||||
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|
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|
|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
158,765 | 283,411 | 2,487,665 | 14,245 | 1,252,000 | 23,201 | - | 15,611 | ||||||||||||||||||||||||
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|
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|
|
|
|||||||||||||||||
Realized gain (loss) on investments |
274,555 | (1,442,857 | ) | 1,353,199 | 1,423 | 539,146 | 65,639 | 160,957 | 63,824 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(918,262 | ) | (3,632,420 | ) | (1,094,737 | ) | 46,663 | (5,995,103 | ) | 330,044 | 228,406 | (28,479 | ) | |||||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
(643,707 | ) | (5,075,277 | ) | 258,462 | 48,086 | (5,455,957 | ) | 395,683 | 389,363 | 35,345 | |||||||||||||||||||||
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|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 3,872,848 | - | - | 3,096,370 | 72,232 | 340,268 | 48,141 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (484,942 | ) | (919,018 | ) | 2,746,127 | 62,331 | (1,107,587 | ) | 491,116 | 729,631 | 99,097 | ||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | PVTSCB | ROCMC | TRBCGP | TREI2 | TRHS2 | TRLT1 | TRMCG2 | TRNAG1 | ||||||||||||||||||||||||
Reinvested dividends |
$ | 9,734 | - | - | 288,038 | - | 301,674 | - | - | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(3,134 | ) | (3,341 | ) | (217,578 | ) | (35,659 | ) | - | (50,129 | ) | (85,682 | ) | (124,652 | ) | |||||||||||||||||
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|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
6,600 | (3,341 | ) | (217,578 | ) | 252,379 | - | 251,545 | (85,682 | ) | (124,652 | ) | ||||||||||||||||||||
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|
|
|||||||||||||||||
Realized gain (loss) on investments |
260,852 | 402,195 | 10,631,845 | 759,622 | 1,455,575 | 51,120 | 1,251,009 | 6,777,207 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
157,414 | 212,261 | (3,917,728 | ) | 2,257,910 | (600,549 | ) | (538,642 | ) | (615,316 | ) | (7,584,167 | ) | |||||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
418,266 | 614,456 | 6,714,117 | 3,017,532 | 855,026 | (487,522 | ) | 635,693 | (806,960 | ) | ||||||||||||||||||||||
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|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 127,656 | 14,805,065 | 1,511,862 | 1,012,908 | 162,765 | 4,569,891 | 16,093,220 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 424,866 | 738,771 | 21,301,604 | 4,781,773 | 1,867,934 | (73,212 | ) | 5,119,902 | 15,161,608 | ||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | TRPSB1 | VWEM | VWHA | VVB | VVCG | VVEI | VVEIX | VVG | ||||||||||||||||||||||||
Reinvested dividends |
$ | 84,834 | 104,639 | 80,764 | 273,918 | 192,915 | 3,930 | 1,278 | 63 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
(9,763 | ) | (7,591 | ) | (22,213 | ) | (18,062 | ) | (26,731 | ) | 803 | 295 | 720 | |||||||||||||||||||
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|
|
|||||||||||||||||
Net investment income (loss) |
75,071 | 97,048 | 58,551 | 255,856 | 166,184 | 4,733 | 1,573 | 783 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Realized gain (loss) on investments |
504,897 | 704,198 | 1,550,409 | 346,510 | 1,606,312 | 20,745 | 4,013 | (2,890 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(612,379 | ) | (2,222,048 | ) | 1,413,923 | 1,600,428 | 975,913 | 48,987 | 17,454 | 20,545 | ||||||||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
(107,482 | ) | (1,517,850 | ) | 2,964,332 | 1,946,938 | 2,582,225 | 69,732 | 21,467 | 17,655 | ||||||||||||||||||||||
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|
|||||||||||||||||
Reinvested capital gains |
849,334 | 255,524 | - | 760,154 | 1,348,197 | 3,629 | 3,818 | 16,637 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 816,923 | (1,165,278 | ) | 3,022,883 | 2,962,948 | 4,096,606 | 78,094 | 26,858 | 35,075 | ||||||||||||||||||||||
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|||||||||||||||||
Investment Activity*: | VVGBI | VVHGB | VVI | VVMCI | VVREI | VVSCG | VVSTC | VVTISI | ||||||||||||||||||||||||
Reinvested dividends |
$ | - | 1,246,530 | 52,297 | 343,134 | 62,872 | 36,643 | 621 | 359,209 | |||||||||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (74,804 | ) | (20,969 | ) | (37,705 | ) | (2,937 | ) | (11,704 | ) | 123 | (24,161 | ) | ||||||||||||||||||
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|
|
|||||||||||||||||
Net investment income (loss) |
- | 1,171,726 | 31,328 | 305,429 | 59,935 | 24,939 | 744 | 335,048 | ||||||||||||||||||||||||
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|||||||||||||||||
Realized gain (loss) on investments |
11 | 470,830 | 1,836,142 | 1,158,246 | 198,059 | 190,300 | 13 | 967,711 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
367 | (3,223,657 | ) | (3,425,433 | ) | 3,301,844 | 662,183 | 532,363 | (1,244 | ) | 152,109 | |||||||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
378 | (2,752,827 | ) | (1,589,291 | ) | 4,460,090 | 860,242 | 722,663 | (1,231 | ) | 1,119,820 | |||||||||||||||||||||
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|
|||||||||||||||||
Reinvested capital gains |
- | 499,861 | 1,314,958 | 2,047,804 | 83,192 | 468,789 | 153 | 171,059 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 378 | (1,081,240 | ) | (243,005 | ) | 6,813,323 | 1,003,369 | 1,216,391 | (334 | ) | 1,625,927 | ||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2021
Investment Activity*: | VVTSM | VRVDRI | SVDF | SVOF | WFVSCG | AVBVI | ||||||||||||||||||
Reinvested dividends |
$ | - | 36,463 | - | 3,881 | - | - | |||||||||||||||||
Mortality and expense risk charges (note 3) |
- | (4,335 | ) | (21,623 | ) | (12,802 | ) | (13,874 | ) | - | ||||||||||||||
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|
|||||||||||||
Net investment income (loss) |
- | 32,128 | (21,623 | ) | (8,921 | ) | (13,874 | ) | - | |||||||||||||||
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|
|||||||||||||
Realized gain (loss) on investments |
135 | 276,755 | 3,377,567 | 81,058 | 682,025 | 4 | ||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,419 | 823,933 | (7,183,051 | ) | 1,487,437 | (1,159,209 | ) | (1 | ) | |||||||||||||||
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|||||||||||||
Net gain (loss) on investments |
8,554 | 1,100,688 | (3,805,484 | ) | 1,568,495 | (477,184 | ) | 3 | ||||||||||||||||
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|||||||||||||
Reinvested capital gains |
- | 65,197 | 2,294,617 | 467,665 | 1,195,675 | - | ||||||||||||||||||
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|||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 8,554 | 1,198,013 | (1,532,490 | ) | 2,027,239 | 704,617 | 3 | ||||||||||||||||
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* | For all subaccounts not included herein but listed as an investment option in note 1(b), there was no activity during the period. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2021, if applicable. |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
Total (unaudited) | ALVDAA | ALVGIA | ALVIVA | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 60,203,178 | 70,151,341 | 536 | 378 | 210,460 | 340,959 | 63,866 | 61,912 | |||||||||||||||||||||||
Realized gain (loss) on investments |
235,096,570 | 60,011,207 | 277 | 790 | 806,755 | (2,578,599 | ) | 187,288 | (89,796 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
329,284,242 | 434,974,239 | 1,640 | - | 6,143,442 | 1,024,105 | 188,266 | 163,706 | ||||||||||||||||||||||||
Reinvested capital gains |
297,041,844 | 233,748,104 | - | - | - | 1,297,893 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
921,625,834 | 798,884,891 | 2,453 | 1,168 | 7,160,657 | 84,358 | 439,420 | 135,822 | ||||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
203,186,359 | 194,912,481 | 3,197 | 325 | 1,322,224 | 1,119,299 | 54,144 | 35,997 | ||||||||||||||||||||||||
Transfers between funds |
- | (1 | ) | - | - | 959,032 | (2,812,639 | ) | 10,831 | 108,629 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(367,187,785 | ) | (379,042,006 | ) | (208 | ) | (5,277 | ) | (2,760,109 | ) | (1,742,971 | ) | (46,650 | ) | (92,174 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(1,628,299 | ) | 1,009,067 | 10 | (11 | ) | (136 | ) | 128 | 13 | 24 | |||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(165,629,725 | ) | (183,120,459 | ) | 2,999 | (4,963 | ) | (478,989 | ) | (3,436,183 | ) | 18,338 | 52,476 | |||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
755,996,109 | 615,764,432 | 5,452 | (3,795 | ) | 6,681,668 | (3,351,825 | ) | 457,758 | 188,298 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
6,235,548,205 | 5,619,783,773 | 23,119 | 26,914 | 25,991,257 | 29,343,082 | 3,894,256 | 3,705,958 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity at end of period |
$ | 6,991,544,314 | 6,235,548,205 | 28,571 | 23,119 | 32,672,925 | 25,991,257 | 4,352,014 | 3,894,256 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
244,148,305 | 240,528,766 | 1,452 | 1,774 | 577,227 | 670,740 | 393,562 | 383,564 | ||||||||||||||||||||||||
Units purchased |
72,381,602 | 59,845,545 | 333 | 95 | 78,195 | 109,716 | 61,989 | 52,726 | ||||||||||||||||||||||||
Units surrendered |
(75,732,008 | ) | (56,226,006 | ) | (150 | ) | (417 | ) | (88,419 | ) | (203,229 | ) | (59,973 | ) | (42,728 | ) | ||||||||||||||||
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Ending units |
240,797,899 | 244,148,305 | 1,635 | 1,452 | 567,003 | 577,227 | 395,578 | 393,562 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
ALVIVB | ALVSVA | ACVCA | ACVI | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 3,099 | 283 | 137,002 | 120,535 | (1,884 | ) | (1,582 | ) | 971 | 8,191 | |||||||||||||||||||||
Realized gain (loss) on investments |
26 | (1,482 | ) | 373,043 | (564,331 | ) | 169,604 | 77,352 | 79,717 | (26,376 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(3,418 | ) | (1,038 | ) | 4,630,224 | 417,255 | (183,507 | ) | 133,874 | 44,818 | 392,493 | |||||||||||||||||||||
Reinvested capital gains |
- | - | - | 586,193 | 111,837 | 80,548 | 60,138 | 31,603 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(293 | ) | (2,237 | ) | 5,140,269 | 559,652 | 96,050 | 290,192 | 185,644 | 405,911 | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
103,964 | 5,449 | 362,785 | 66,065 | 970 | (5,128 | ) | 28,270 | (18,691 | ) | ||||||||||||||||||||||
Transfers between funds |
138,477 | 41,046 | (458,249 | ) | 382,990 | (137,897 | ) | (138,077 | ) | (136,732 | ) | (187,731 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
293 | (73,021 | ) | (606,628 | ) | (403,926 | ) | (18,609 | ) | (139,620 | ) | (46,524 | ) | (184,062 | ) | |||||||||||||||||
Adjustments to maintain reserves |
3 | (3 | ) | (27 | ) | 5,235 | 12 | 19 | (18,460 | ) | 3,812 | |||||||||||||||||||||
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|
|||||||||||||||||
Net equity transactions |
242,737 | (26,529 | ) | (702,119 | ) | 50,364 | (155,524 | ) | (282,806 | ) | (173,446 | ) | (386,672 | ) | ||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
242,444 | (28,766 | ) | 4,438,150 | 610,016 | (59,474 | ) | 7,386 | 12,198 | 19,239 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
- | 28,766 | 14,255,486 | 13,645,470 | 878,528 | 871,142 | 2,289,880 | 2,270,641 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Contract owners equity at end of period |
$ | 242,444 | - | 18,693,636 | 14,255,486 | 819,054 | 878,528 | 2,302,078 | 2,289,880 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | 2,377 | 260,145 | 256,880 | 34,278 | 48,363 | 77,571 | 97,122 | ||||||||||||||||||||||||
Units purchased |
17,721 | 2,948 | 38,996 | 27,210 | 37 | 4,850 | 12,780 | 14,344 | ||||||||||||||||||||||||
Units surrendered |
(40 | ) | (5,325 | ) | (48,898 | ) | (23,945 | ) | (5,483 | ) | (18,935 | ) | (22,024 | ) | (33,895 | ) | ||||||||||||||||
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Ending units |
17,681 | - | 250,243 | 260,145 | 28,832 | 34,278 | 68,327 | 77,571 | ||||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
ACVIG | ACVIP1 | ACVIP2 | ACVMV1 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 258,527 | 375,123 | 1,120,294 | 364,975 | 249,796 | 102,686 | 122,718 | 160,383 | |||||||||||||||||||||||
Realized gain (loss) on investments |
507,822 | 1,035,003 | 918,158 | 432,059 | 95,653 | 35,286 | 221,178 | (866,012 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
751,954 | (635,925 | ) | 132,453 | 1,568,930 | 143,830 | 564,246 | 1,947,692 | 665,420 | |||||||||||||||||||||||
Reinvested capital gains |
3,507,628 | 1,057,848 | - | - | - | - | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
5,025,931 | 1,832,049 | 2,170,905 | 2,365,964 | 489,279 | 702,218 | 2,291,588 | (40,209 | ) | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
438,003 | 274,694 | 433,247 | 813,056 | 244,669 | 173,034 | 893,276 | 1,255,586 | ||||||||||||||||||||||||
Transfers between funds |
(31,470 | ) | (1,367,905 | ) | 6,956,731 | 1,024,857 | 512,864 | (519,248 | ) | (100,114 | ) | (1,342,300 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,463,174 | ) | (1,465,867 | ) | (1,006,183 | ) | (1,414,657 | ) | (553,669 | ) | (470,555 | ) | (1,509,790 | ) | (2,049,532 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(245 | ) | 10 | (9 | ) | 19 | (13 | ) | (42 | ) | 12 | 3 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(1,056,886 | ) | (2,559,068 | ) | 6,383,786 | 423,275 | 203,851 | (816,811 | ) | (716,616 | ) | (2,136,243 | ) | |||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
3,969,045 | (727,019 | ) | 8,554,691 | 2,789,239 | 693,130 | (114,593 | ) | 1,574,972 | (2,176,452 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
21,566,529 | 22,293,548 | 27,669,630 | 24,880,391 | 7,576,124 | 7,690,717 | 10,195,136 | 12,371,588 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity at end of period |
$ | 25,535,574 | 21,566,529 | 36,224,321 | 27,669,630 | 8,269,254 | 7,576,124 | 11,770,108 | 10,195,136 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
482,447 | 571,931 | 2,375,089 | 2,341,496 | 387,823 | 431,303 | 244,359 | 301,093 | ||||||||||||||||||||||||
Units purchased |
48,751 | 38,680 | 1,139,374 | 530,178 | 52,980 | 17,209 | 16,412 | 37,196 | ||||||||||||||||||||||||
Units surrendered |
(70,388 | ) | (128,164 | ) | (597,086 | ) | (496,585 | ) | (42,467 | ) | (60,689 | ) | (31,496 | ) | (93,930 | ) | ||||||||||||||||
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Ending units |
460,810 | 482,447 | 2,917,377 | 2,375,089 | 398,336 | 387,823 | 229,275 | 244,359 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
ACVV | AMVAA2 | AMVBD2 | AMVGB2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 258,024 | 283,177 | 210,759 | 185,519 | 784,340 | 1,178,742 | 72,091 | 28,469 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,032,507 | (689,206 | ) | 781,671 | (109,896 | ) | 25,118 | 194,143 | 20,671 | 13,003 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
2,007,980 | (365,047 | ) | 570,724 | 1,175,357 | (3,494,392 | ) | 3,675,400 | (369,766 | ) | 117,668 | |||||||||||||||||||||
Reinvested capital gains |
- | 375,258 | 505,719 | 56,537 | 2,433,284 | 573,430 | 88,775 | 4,294 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
3,298,511 | (395,818 | ) | 2,068,873 | 1,307,517 | (251,650 | ) | 5,621,715 | (188,229 | ) | 163,434 | |||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
301,910 | 212,654 | 859,834 | 1,716,236 | (129 | ) | 773 | 203,669 | 934,389 | |||||||||||||||||||||||
Transfers between funds |
253,719 | (8,185,957 | ) | 249,117 | (1,655,768 | ) | (3,454 | ) | (14,378,239 | ) | 1,811,773 | 1,876,911 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,337,246 | ) | (2,234,718 | ) | (1,959,435 | ) | (1,703,903 | ) | (716,312 | ) | (855,558 | ) | (61,769 | ) | (22,830 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(2,674 | ) | (539 | ) | 31 | (21 | ) | 20 | 1 | 9 | 3 | |||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(784,291 | ) | (10,208,560 | ) | (850,453 | ) | (1,643,456 | ) | (719,875 | ) | (15,233,023 | ) | 1,953,682 | 2,788,473 | ||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
2,514,220 | (10,604,378 | ) | 1,218,420 | (335,939 | ) | (971,525 | ) | (9,611,308 | ) | 1,765,453 | 2,951,907 | ||||||||||||||||||||
Contract owners equity at beginning of period |
13,921,528 | 24,525,906 | 13,753,760 | 14,089,699 | 60,963,144 | 70,574,452 | 2,951,907 | - | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity at end of period |
$ | 16,435,748 | 13,921,528 | 14,972,180 | 13,753,760 | 59,991,619 | 60,963,144 | 4,717,360 | 2,951,907 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
297,613 | 522,839 | 573,430 | 662,559 | 3,852,883 | 4,889,291 | 255,848 | - | ||||||||||||||||||||||||
Units purchased |
62,144 | 36,649 | 86,612 | 178,271 | 3 | 4,371 | 192,037 | 262,259 | ||||||||||||||||||||||||
Units surrendered |
(85,304 | ) | (261,875 | ) | (117,518 | ) | (267,400 | ) | (45,863 | ) | (1,040,779 | ) | (17,091 | ) | (6,411 | ) | ||||||||||||||||
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Ending units |
274,453 | 297,613 | 542,524 | 573,430 | 3,807,023 | 3,852,883 | 430,794 | 255,848 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
AMVGI2 | AMVGR2 | AMVGS2 | AMVI2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 20,244 | 11,686 | 26,330 | 42,609 | (6,563 | ) | (908 | ) | 669,186 | 124,699 | |||||||||||||||||||||
Realized gain (loss) on investments |
8,496 | (5,116 | ) | 5,134,409 | 1,914,347 | 199,327 | 115,145 | 1,344,700 | (674,497 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
255,594 | 127,045 | (1,473,104 | ) | 14,448,815 | (91,109 | ) | 334,781 | (2,442,825 | ) | 4,472,413 | |||||||||||||||||||||
Reinvested capital gains |
13,545 | 2,516 | 6,604,178 | 901,275 | 77,688 | 160,861 | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
297,879 | 136,131 | 10,291,813 | 17,307,046 | 179,343 | 609,879 | (428,939 | ) | 3,922,615 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
165,612 | 943,690 | 1,750,350 | 2,173,771 | 388,098 | 232,694 | 1,237,665 | 1,987,333 | ||||||||||||||||||||||||
Transfers between funds |
(674 | ) | 90,414 | (4,129,462 | ) | (1,561,048 | ) | 225,794 | (35,913 | ) | (1,197,394 | ) | (2,491,677 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(17,972 | ) | (7,108 | ) | (1,159,281 | ) | (1,407,744 | ) | (65,445 | ) | (678,601 | ) | (1,375,845 | ) | (1,204,532 | ) | ||||||||||||||||
Adjustments to maintain reserves |
3 | (2 | ) | (130 | ) | 131 | (8 | ) | 13 | (46 | ) | 70 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
146,969 | 1,026,994 | (3,538,523 | ) | (794,890 | ) | 548,439 | (481,807 | ) | (1,335,620 | ) | (1,708,806 | ) | |||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
444,848 | 1,163,125 | 6,753,290 | 16,512,156 | 727,782 | 128,072 | (1,764,559 | ) | 2,213,809 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
1,169,808 | 6,683 | 49,555,520 | 33,043,364 | 2,794,726 | 2,666,654 | 29,888,214 | 27,674,405 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,614,656 | 1,169,808 | 56,308,810 | 49,555,520 | 3,522,508 | 2,794,726 | 28,123,655 | 29,888,214 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
93,725 | 609 | 1,151,502 | 1,167,629 | 117,032 | 144,805 | 1,744,578 | 1,839,312 | ||||||||||||||||||||||||
Units purchased |
13,317 | 93,910 | 289,666 | 169,703 | 66,844 | 40,126 | 187,471 | 235,539 | ||||||||||||||||||||||||
Units surrendered |
(2,782 | ) | (794 | ) | (370,992 | ) | (185,830 | ) | (45,922 | ) | (67,899 | ) | (264,846 | ) | (330,273 | ) | ||||||||||||||||
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Ending units |
104,260 | 93,725 | 1,070,176 | 1,151,502 | 137,954 | 117,032 | 1,667,203 | 1,744,578 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
AMVNW2 | PIHYB1 | BRVHYI | MLVGA2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 367,563 | (4,467 | ) | 175,661 | 178,211 | 964,399 | 941,504 | 88,185 | 110,645 | ||||||||||||||||||||||
Realized gain (loss) on investments |
646,114 | (680 | ) | 7,202 | (91,784 | ) | 256,082 | (255,147 | ) | 367,467 | 43,866 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(497,309 | ) | 1,355,758 | 7,951 | 148,241 | (174,243 | ) | 490,603 | (1,393,089 | ) | 1,176,416 | |||||||||||||||||||||
Reinvested capital gains |
1,539,527 | 47,453 | - | - | 65,957 | - | 1,664,600 | 521,339 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
2,055,895 | 1,398,064 | 190,814 | 234,668 | 1,112,195 | 1,176,960 | 727,163 | 1,852,266 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
799,276 | 1,257,274 | 10,719 | 11,804 | 1,077,850 | 758,946 | 291,810 | 319,103 | ||||||||||||||||||||||||
Transfers between funds |
2,389,044 | 37,433,128 | (567,023 | ) | 504,747 | 1,680,019 | 10,148 | 683,335 | 185,077 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(686,806 | ) | (327,686 | ) | (119,706 | ) | (147,560 | ) | (1,266,671 | ) | (910,307 | ) | (772,018 | ) | (1,032,212 | ) | ||||||||||||||||
Adjustments to maintain reserves |
2 | 24 | 540 | (362 | ) | 5,811 | 31 | 10 | (2 | ) | ||||||||||||||||||||||
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Net equity transactions |
2,501,516 | 38,362,740 | (675,470 | ) | 368,629 | 1,497,009 | (141,182 | ) | 203,137 | (528,034 | ) | |||||||||||||||||||||
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|
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Net change in contract owners equity |
4,557,411 | 39,760,804 | (484,656 | ) | 603,297 | 2,609,204 | 1,035,778 | 930,300 | 1,324,232 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
43,742,283 | 3,981,479 | 3,991,717 | 3,388,420 | 20,708,453 | 19,672,675 | 11,095,739 | 9,771,507 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 48,299,694 | 43,742,283 | 3,507,061 | 3,991,717 | 23,317,657 | 20,708,453 | 12,026,039 | 11,095,739 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,379,885 | 268,304 | 112,419 | 98,275 | 1,529,229 | 1,556,089 | 480,158 | 509,702 | ||||||||||||||||||||||||
Units purchased |
249,156 | 2,159,972 | 21,909 | 58,814 | 613,820 | 238,983 | 80,955 | 61,808 | ||||||||||||||||||||||||
Units surrendered |
(121,948 | ) | (48,391 | ) | (41,008 | ) | (44,670 | ) | (508,902 | ) | (265,843 | ) | (62,501 | ) | (91,352 | ) | ||||||||||||||||
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Ending units |
2,507,093 | 2,379,885 | 93,320 | 112,419 | 1,634,147 | 1,529,229 | 498,612 | 480,158 | ||||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MLVLC2 | DCAP | DSC | DSIF | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 12,214 | 5,907 | 98,771 | 165,797 | 1,530 | 6,362 | 9,273,564 | 9,944,849 | |||||||||||||||||||||||
Realized gain (loss) on investments |
9,782 | (217,305 | ) | 7,257,131 | (579,817 | ) | 18,656 | (177,483 | ) | 34,184,120 | 32,544,740 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(272,988 | ) | 214,297 | (3,691,031 | ) | 3,534,230 | 189,820 | 364,623 | 140,742,949 | 29,486,305 | ||||||||||||||||||||||
Reinvested capital gains |
508,449 | 76,680 | 2,510,334 | 1,763,790 | - | - | 39,184,565 | 44,623,318 | ||||||||||||||||||||||||
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|
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
257,457 | 79,579 | 6,175,205 | 4,884,000 | 210,006 | 193,502 | 223,385,198 | 116,599,212 | ||||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
30,258 | 61,566 | 417,968 | 482,830 | 54,057 | 65,925 | 14,364,058 | 14,397,148 | ||||||||||||||||||||||||
Transfers between funds |
(26,176 | ) | (720,618 | ) | (24,862,006 | ) | (1,164,657 | ) | (89,242 | ) | 8,030 | (18,247,813 | ) | 49,231,001 | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(52,548 | ) | (214,891 | ) | (1,762,705 | ) | (1,726,316 | ) | (135,064 | ) | (157,061 | ) | (33,261,074 | ) | (38,738,908 | ) | ||||||||||||||||
Adjustments to maintain reserves |
5 | 13 | 519 | (88 | ) | (6 | ) | 20 | (30,772 | ) | 5,197 | |||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(48,461 | ) | (873,930 | ) | (26,206,224 | ) | (2,408,231 | ) | (170,255 | ) | (83,086 | ) | (37,175,601 | ) | 24,894,438 | |||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
208,996 | (794,351 | ) | (20,031,019 | ) | 2,475,769 | 39,751 | 110,416 | 186,209,597 | 141,493,650 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
962,124 | 1,756,475 | 24,714,500 | 22,238,731 | 1,296,751 | 1,186,335 | 811,042,302 | 669,548,652 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,171,120 | 962,124 | 4,683,481 | 24,714,500 | 1,336,502 | 1,296,751 | 997,251,899 | 811,042,302 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
24,912 | 54,258 | 436,456 | 482,959 | 33,923 | 37,209 | 18,895,785 | 18,394,093 | ||||||||||||||||||||||||
Units purchased |
775 | 5,482 | 21,273 | 31,233 | 988 | 2,748 | 1,973,907 | 3,097,633 | ||||||||||||||||||||||||
Units surrendered |
(1,982 | ) | (34,828 | ) | (376,716 | ) | (77,736 | ) | (4,889 | ) | (6,034 | ) | (2,857,622 | ) | (2,595,941 | ) | ||||||||||||||||
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Ending units |
23,705 | 24,912 | 81,013 | 436,456 | 30,022 | 33,923 | 18,012,070 | 18,895,785 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
DSRG | DVMCS | DVSCS | CVSPIP | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 128,120 | 145,294 | 13,286 | 18,338 | 912,254 | 851,525 | 8,009 | 8,150 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,042,273 | 408,326 | 370,996 | (285,379 | ) | 2,807,273 | (7,053,976 | ) | 111,262 | (98,464 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
2,491,496 | 2,367,096 | 188,011 | 430,357 | 31,517,509 | 12,290,864 | 26,276 | 29,013 | ||||||||||||||||||||||||
Reinvested capital gains |
378,146 | 158,207 | 18,381 | - | 2,355,372 | 5,773,387 | 35,541 | 20,046 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
4,040,035 | 3,078,923 | 590,674 | 163,316 | 37,592,408 | 11,861,800 | 181,088 | (41,255 | ) | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
532,390 | 554,531 | 223,085 | 203,746 | 2,925,575 | 2,402,041 | 13 | 43 | ||||||||||||||||||||||||
Transfers between funds |
(256,685 | ) | 28,135 | (1,052,960 | ) | (653,769 | ) | (5,475,309 | ) | 28,339,874 | (74,197 | ) | (689,720 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,869,308 | ) | (1,352,468 | ) | (28,188 | ) | (183,770 | ) | (7,881,584 | ) | (6,120,848 | ) | (65,019 | ) | (330,986 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(23,643 | ) | 4,636 | 12 | 58 | (278 | ) | (1 | ) | (6 | ) | (26 | ) | |||||||||||||||||||
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Net equity transactions |
(1,617,246 | ) | (765,166 | ) | (858,051 | ) | (633,735 | ) | (10,431,596 | ) | 24,621,066 | (139,209 | ) | (1,020,689 | ) | |||||||||||||||||
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Net change in contract owners equity |
2,422,789 | 2,313,757 | (267,377 | ) | (470,419 | ) | 27,160,812 | 36,482,866 | 41,879 | (1,061,944 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
15,685,517 | 13,371,760 | 2,744,403 | 3,214,822 | 148,133,011 | 111,650,145 | 708,700 | 1,770,644 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 18,108,306 | 15,685,517 | 2,477,026 | 2,744,403 | 175,293,823 | 148,133,011 | 750,579 | 708,700 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
346,523 | 366,776 | 59,486 | 75,349 | 3,052,370 | 2,550,810 | 32,256 | 94,734 | ||||||||||||||||||||||||
Units purchased |
14,726 | 25,574 | 10,953 | 25,375 | 444,281 | 920,370 | - | 2,622 | ||||||||||||||||||||||||
Units surrendered |
(47,498 | ) | (45,827 | ) | (27,829 | ) | (41,238 | ) | (637,408 | ) | (418,810 | ) | (5,595 | ) | (65,100 | ) | ||||||||||||||||
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Ending units |
313,751 | 346,523 | 42,610 | 59,486 | 2,859,243 | 3,052,370 | 26,661 | 32,256 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
SASP5I | DAVVL | DWVEMS | DWVSVS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1,110,732 | 757,632 | 25,937 | 23,973 | (9,847 | ) | 15,648 | 94,240 | 128,363 | ||||||||||||||||||||||
Realized gain (loss) on investments |
13,484,131 | 1,516,802 | 20,484 | (533,946 | ) | 212,651 | 267,880 | 468,623 | (2,834,446 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,692,198 | 15,412,432 | (120,376 | ) | 854,213 | (459,597 | ) | 996,980 | 5,294,472 | 1,531,979 | ||||||||||||||||||||||
Reinvested capital gains |
- | 141,940 | 940,900 | 119,331 | 32,690 | 100,391 | - | 890,893 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
23,287,061 | 17,828,806 | 866,945 | 463,571 | (224,103 | ) | 1,380,899 | 5,857,335 | (283,211 | ) | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
356,492 | 185,190 | 36,842 | 150,564 | 254,315 | 295,200 | 1,026,676 | 706,348 | ||||||||||||||||||||||||
Transfers between funds |
(6,917,230 | ) | 73,263,236 | 318,932 | (449,604 | ) | (41,980 | ) | (372,524 | ) | (756,414 | ) | (900,003 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(5,407,232 | ) | (3,454,829 | ) | (233,563 | ) | (174,073 | ) | (277,289 | ) | (271,254 | ) | (973,990 | ) | (701,232 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(142 | ) | 3,178 | 19 | 21 | (19 | ) | 12 | (17 | ) | 199 | |||||||||||||||||||||
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Net equity transactions |
(11,968,112 | ) | 69,996,775 | 122,230 | (473,092 | ) | (64,973 | ) | (348,566 | ) | (703,745 | ) | (894,688 | ) | ||||||||||||||||||
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Net change in contract owners equity |
11,318,949 | 87,825,581 | 989,175 | (9,521 | ) | (289,076 | ) | 1,032,333 | 5,153,590 | (1,177,899 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
87,825,581 | - | 4,710,531 | 4,720,052 | 6,805,948 | 5,773,615 | 18,037,109 | 19,215,008 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 99,144,530 | 87,825,581 | 5,699,706 | 4,710,531 | 6,516,872 | 6,805,948 | 23,190,699 | 18,037,109 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
7,486,477 | - | 204,805 | 229,390 | 380,522 | 401,894 | 896,752 | 933,346 | ||||||||||||||||||||||||
Units purchased |
6,381,651 | 7,805,810 | 23,786 | 34,107 | 21,667 | 86,811 | 116,313 | 115,986 | ||||||||||||||||||||||||
Units surrendered |
(7,304,532 | ) | (319,333 | ) | (17,478 | ) | (58,692 | ) | (25,329 | ) | (108,183 | ) | (151,887 | ) | (152,580 | ) | ||||||||||||||||
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Ending units |
6,563,596 | 7,486,477 | 211,113 | 204,805 | 376,860 | 380,522 | 861,178 | 896,752 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
DFVEA | DFVGMI | DFVIPS | DFVIS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 219 | - | 1,871 | 2,138 | 320,532 | 69,979 | 586 | 480 | |||||||||||||||||||||||
Realized gain (loss) on investments |
10 | - | 29,814 | 1,264 | 391,380 | 40,183 | 2,288 | 22 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(250 | ) | - | (15,721 | ) | 14,023 | (419,417 | ) | 504,822 | (1,442 | ) | 4,942 | ||||||||||||||||||||
Reinvested capital gains |
499 | - | 4,194 | 2,312 | 59,140 | 42,904 | 1,423 | 396 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
478 | - | 20,158 | 19,737 | 351,635 | 657,888 | 2,855 | 5,840 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
4,918 | - | 1,803 | 4,100 | 8,203 | 14,082 | 890 | 348 | ||||||||||||||||||||||||
Transfers between funds |
5,452 | - | (83,343 | ) | 54,224 | 43,136 | 3,140,938 | (7,221 | ) | 18,596 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(142 | ) | - | (782 | ) | (2,723 | ) | (429,368 | ) | (313,073 | ) | (342 | ) | (195 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(3 | ) | - | 3 | (8 | ) | 2 | 8 | 8 | (2 | ) | |||||||||||||||||||||
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Net equity transactions |
10,225 | - | (82,319 | ) | 55,593 | (378,027 | ) | 2,841,955 | (6,665 | ) | 18,747 | |||||||||||||||||||||
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Net change in contract owners equity |
10,703 | - | (62,161 | ) | 75,330 | (26,392 | ) | 3,499,843 | (3,810 | ) | 24,587 | |||||||||||||||||||||
Contract owners equity at beginning of period |
- | - | 194,578 | 119,248 | 7,573,340 | 4,073,497 | 24,587 | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 10,703 | - | 132,417 | 194,578 | 7,546,948 | 7,573,340 | 20,777 | 24,587 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 14,568 | 9,936 | 626,952 | 376,703 | 1,696 | - | ||||||||||||||||||||||||
Units purchased |
714 | - | 355 | 4,959 | 533,027 | 276,990 | 58 | 1,712 | ||||||||||||||||||||||||
Units surrendered |
(10 | ) | - | (6,242 | ) | (327 | ) | (568,800 | ) | (26,741 | ) | (503 | ) | (16 | ) | |||||||||||||||||
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Ending units |
704 | - | 8,681 | 14,568 | 591,179 | 626,952 | 1,251 | 1,696 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
DFVIV | DFVULV | DFVUTV | DSGIBA | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 3,072 | 1,101 | 203,439 | 191,349 | 65,678 | 30,147 | 4,760 | 5,234 | |||||||||||||||||||||||
Realized gain (loss) on investments |
100 | (274 | ) | 399,440 | (106,646 | ) | 397,282 | (191,206 | ) | 3,212 | (4,730 | ) | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
5,437 | 3,782 | 2,241,006 | (278,586 | ) | 182,547 | 199,650 | 10,717 | 10,485 | |||||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | 354,548 | - | 2,879 | 3,855 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
8,609 | 4,609 | 2,843,885 | (193,883 | ) | 1,000,055 | 38,591 | 21,568 | 14,844 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
18,890 | 20,700 | 16,205 | 187,986 | 22,671 | 20,859 | 9,734 | 8,162 | ||||||||||||||||||||||||
Transfers between funds |
- | 24,565 | (168,206 | ) | (586,770 | ) | 1,854,849 | (289,337 | ) | (4,107 | ) | 28,079 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,356 | ) | (747 | ) | (772,156 | ) | (423,396 | ) | (364,666 | ) | (118,081 | ) | (6,878 | ) | (12,672 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(3 | ) | 2 | 33,369 | (17,516 | ) | (25 | ) | 30 | (9 | ) | 10 | ||||||||||||||||||||
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Net equity transactions |
17,531 | 44,520 | (890,788 | ) | (839,696 | ) | 1,512,829 | (386,529 | ) | (1,260 | ) | 23,579 | ||||||||||||||||||||
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Net change in contract owners equity |
26,140 | 49,129 | 1,953,097 | (1,033,579 | ) | 2,512,884 | (347,938 | ) | 20,308 | 38,423 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
49,129 | - | 10,792,572 | 11,826,151 | 2,233,405 | 2,581,343 | 197,181 | 158,758 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 75,269 | 49,129 | 12,745,669 | 10,792,572 | 4,746,289 | 2,233,405 | 217,489 | 197,181 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
4,766 | - | 1,002,522 | 1,081,191 | 164,362 | 197,182 | 13,531 | 11,797 | ||||||||||||||||||||||||
Units purchased |
1,533 | 4,854 | 836,655 | 17,739 | 243,389 | 3,894 | 959 | 3,026 | ||||||||||||||||||||||||
Units surrendered |
(117 | ) | (88 | ) | (907,289 | ) | (96,408 | ) | (158,592 | ) | (36,714 | ) | (1,038 | ) | (1,292 | ) | ||||||||||||||||
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|
|
|||||||||||||||||
Ending units |
6,182 | 4,766 | 931,888 | 1,002,522 | 249,159 | 164,362 | 13,452 | 13,531 | ||||||||||||||||||||||||
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|
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|
|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
SVSLVB | SVSSVB | ETVFR | FQB | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 360 | 507 | 1,018 | 1,632 | 813,501 | 758,862 | 577,633 | 598,283 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,248 | (5,508 | ) | (301 | ) | (43,749 | ) | (75,002 | ) | (469,544 | ) | (20,283 | ) | (9,694 | ) | |||||||||||||||||
Change in unrealized gain (loss) on investments |
4,634 | 116 | 33,386 | 16,633 | 244,724 | 57,428 | (1,110,711 | ) | 1,030,542 | |||||||||||||||||||||||
Reinvested capital gains |
- | 1,447 | - | 13,527 | - | - | 204,023 | 65,741 | ||||||||||||||||||||||||
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|
|
|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
6,242 | (3,438 | ) | 34,103 | (11,957 | ) | 983,223 | 346,746 | (349,338 | ) | 1,684,872 | |||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
22 | - | - | - | 684,034 | 399,445 | 490,994 | 509,564 | ||||||||||||||||||||||||
Transfers between funds |
10,780 | (264 | ) | 3,755 | (59,579 | ) | 6,647,461 | 679,869 | 2,232,276 | (833,625 | ) | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(5,552 | ) | (1,249 | ) | (8,720 | ) | (9,627 | ) | (1,631,798 | ) | (1,487,780 | ) | (3,434,917 | ) | (1,043,915 | ) | ||||||||||||||||
Adjustments to maintain reserves |
7 | (14 | ) | 16 | (9 | ) | (83 | ) | 519 | - | (6 | ) | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
5,257 | (1,527 | ) | (4,949 | ) | (69,215 | ) | 5,699,614 | (407,947 | ) | (711,647 | ) | (1,367,982 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
11,499 | (4,965 | ) | 29,154 | (81,172 | ) | 6,682,837 | (61,201 | ) | (1,060,985 | ) | 316,890 | ||||||||||||||||||||
Contract owners equity at beginning of period |
25,620 | 30,585 | 117,330 | 198,502 | 25,367,931 | 25,429,132 | 22,440,577 | 22,123,687 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity at end of period |
$ | 37,119 | 25,620 | 146,484 | 117,330 | 32,050,768 | 25,367,931 | 21,379,592 | 22,440,577 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,592 | 1,665 | 6,300 | 10,664 | 1,903,987 | 1,943,147 | 812,330 | 870,739 | ||||||||||||||||||||||||
Units purchased |
726 | 586 | 209 | 6,557 | 1,023,068 | 258,932 | 244,659 | 186,658 | ||||||||||||||||||||||||
Units surrendered |
(490 | ) | (659 | ) | (454 | ) | (10,921 | ) | (612,986 | ) | (298,092 | ) | (276,161 | ) | (245,067 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
1,828 | 1,592 | 6,055 | 6,300 | 2,314,069 | 1,903,987 | 780,828 | 812,330 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FVU2 | FVUS2 | FCS | FEIS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 14,264 | 19,224 | 36,550 | 1,572 | (50,162 | ) | (15,115 | ) | 1,218,211 | 922,898 | |||||||||||||||||||||
Realized gain (loss) on investments |
10,136 | (1,854 | ) | (37,733 | ) | 9,010 | 1,645,499 | 981,287 | 532,657 | (345,869 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
116,952 | (16,510 | ) | (32,383 | ) | 3,207 | 3,651,184 | 8,554,248 | 5,377,801 | 507,176 | ||||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | 5,654,539 | 169,281 | 7,698,676 | 2,489,437 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
141,352 | 860 | (33,566 | ) | 13,789 | 10,901,060 | 9,689,701 | 14,827,345 | 3,573,642 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
14,012 | 20,861 | 891 | 493 | 58,928 | (155,116 | ) | 1,506,210 | 1,540,289 | |||||||||||||||||||||||
Transfers between funds |
15,604 | 49,180 | (898,782 | ) | 2,280,419 | 1,074,089 | 1,195,572 | 1,305,432 | 105,821 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
11,339 | (29,334 | ) | (56,816 | ) | (480,570 | ) | (1,240,975 | ) | (2,805,096 | ) | (5,661,137 | ) | (4,806,999 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(6 | ) | (1 | ) | 6 | (3 | ) | (371,125 | ) | 86,649 | (5,602 | ) | 187 | |||||||||||||||||||
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|
|
|||||||||||||||||
Net equity transactions |
40,949 | 40,706 | (954,701 | ) | 1,800,339 | (479,083 | ) | (1,677,991 | ) | (2,855,097 | ) | (3,160,702 | ) | |||||||||||||||||||
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|
|
|||||||||||||||||
Net change in contract owners equity |
182,301 | 41,566 | (988,267 | ) | 1,814,128 | 10,421,977 | 8,011,710 | 11,972,248 | 412,940 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
760,314 | 718,748 | 1,872,927 | 58,799 | 40,265,968 | 32,254,258 | 61,255,632 | 60,842,692 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Contract owners equity at end of period |
$ | 942,615 | 760,314 | 884,660 | 1,872,927 | 50,687,945 | 40,265,968 | 73,227,880 | 61,255,632 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
68,791 | 65,636 | 164,271 | 5,444 | 673,768 | 713,280 | 1,516,795 | 1,602,889 | ||||||||||||||||||||||||
Units purchased |
10,627 | 8,188 | 7,447 | 201,223 | 161,116 | 123,805 | 112,148 | 98,560 | ||||||||||||||||||||||||
Units surrendered |
(7,454 | ) | (5,033 | ) | (92,361 | ) | (42,396 | ) | (178,937 | ) | (163,317 | ) | (175,778 | ) | (184,654 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
71,964 | 68,791 | 79,357 | 164,271 | 655,947 | 673,768 | 1,453,165 | 1,516,795 | ||||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FEMS | FF05S | FF10S | FF15S | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 270,357 | 68,607 | 4,651 | 15,238 | 33,401 | 38,087 | 84,850 | 84,076 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,621,029 | 346,349 | 119,121 | 12,402 | 111,893 | 72,518 | 242,684 | 65,688 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(3,997,223 | ) | 2,058,637 | (123,692 | ) | 75,818 | (62,820 | ) | 113,641 | (33,971 | ) | 626,599 | ||||||||||||||||||||
Reinvested capital gains |
1,575,640 | 1,082,815 | 33,350 | 35,955 | 124,989 | 98,524 | 359,846 | 372,566 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(530,197 | ) | 3,556,408 | 33,430 | 139,413 | 207,463 | 322,770 | 653,409 | 1,148,929 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
418,773 | 274,841 | 322 | 166 | 146,585 | 42,336 | 773,063 | 998,533 | ||||||||||||||||||||||||
Transfers between funds |
334,430 | 1,819,260 | (776,182 | ) | 223,367 | 296,679 | 1,320,690 | 450,623 | (977,125 | ) | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(799,723 | ) | (395,058 | ) | (174,082 | ) | (103,070 | ) | (535,722 | ) | (357,438 | ) | (397,021 | ) | (483,906 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(35 | ) | 38 | (21 | ) | (2 | ) | 24 | 24 | (10 | ) | 14 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(46,555 | ) | 1,699,081 | (949,963 | ) | 120,461 | (92,434 | ) | 1,005,612 | 826,655 | (462,484 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
(576,752 | ) | 5,255,489 | (916,533 | ) | 259,874 | 115,029 | 1,328,382 | 1,480,064 | 686,445 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
14,285,086 | 9,029,597 | 1,568,930 | 1,309,056 | 3,487,832 | 2,159,450 | 8,216,246 | 7,529,801 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 13,708,334 | 14,285,086 | 652,397 | 1,568,930 | 3,602,861 | 3,487,832 | 9,696,310 | 8,216,246 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,016,041 | 841,122 | 88,272 | 81,637 | 132,542 | 92,267 | 386,635 | 402,085 | ||||||||||||||||||||||||
Units purchased |
429,697 | 238,705 | 72,978 | 12,581 | 30,088 | 55,009 | 136,645 | 111,457 | ||||||||||||||||||||||||
Units surrendered |
(447,546 | ) | (63,786 | ) | (126,228 | ) | (5,946 | ) | (33,269 | ) | (14,734 | ) | (99,617 | ) | (126,907 | ) | ||||||||||||||||
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Ending units |
998,192 | 1,016,041 | 35,022 | 88,272 | 129,361 | 132,542 | 423,663 | 386,635 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FF20S | FF25S | FF30S | FF35S | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 288,965 | 294,484 | 331,097 | 303,774 | 532,161 | 454,728 | 66,769 | 49,723 | |||||||||||||||||||||||
Realized gain (loss) on investments |
528,716 | 350,487 | 1,407,439 | 444,288 | 1,384,536 | 831,911 | 769,668 | 141,187 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
424,339 | 1,721,073 | 831,155 | 2,533,478 | 2,268,920 | 4,107,391 | (482 | ) | 795,258 | |||||||||||||||||||||||
Reinvested capital gains |
1,618,273 | 1,730,222 | 1,338,925 | 1,383,590 | 2,348,521 | 1,950,826 | 298,533 | 176,285 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
2,860,293 | 4,096,266 | 3,908,616 | 4,665,130 | 6,534,138 | 7,344,856 | 1,134,488 | 1,162,453 | ||||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
955,794 | 1,071,168 | 1,395,579 | 1,057,302 | 2,624,780 | 2,576,736 | 2,266,962 | 1,103,967 | ||||||||||||||||||||||||
Transfers between funds |
375,623 | (2,943,563 | ) | 2,832,163 | 519,416 | 5,079,987 | 3,976,199 | 12,426 | 1,621,484 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,954,928 | ) | (2,345,058 | ) | (1,552,539 | ) | (2,528,568 | ) | (2,817,373 | ) | (2,591,267 | ) | (267,352 | ) | (756,753 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(326 | ) | 70 | 3 | 27 | 161 | 42 | 19 | 8 | |||||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(623,837 | ) | (4,217,383 | ) | 2,675,206 | (951,823 | ) | 4,887,555 | 3,961,710 | 2,012,055 | 1,968,706 | |||||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
2,236,456 | (121,117 | ) | 6,583,822 | 3,713,307 | 11,421,693 | 11,306,566 | 3,146,543 | 3,131,159 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
30,428,501 | 30,549,618 | 35,296,273 | 31,582,966 | 51,141,507 | 39,834,941 | 6,855,239 | 3,724,080 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 32,664,957 | 30,428,501 | 41,880,095 | 35,296,273 | 62,563,200 | 51,141,507 | 10,001,782 | 6,855,239 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,053,955 | 1,214,585 | 1,529,308 | 1,583,389 | 1,582,395 | 1,438,640 | 500,779 | 320,893 | ||||||||||||||||||||||||
Units purchased |
305,048 | 179,076 | 584,826 | 173,040 | 456,043 | 343,590 | 275,959 | 242,151 | ||||||||||||||||||||||||
Units surrendered |
(328,169 | ) | (339,706 | ) | (478,426 | ) | (227,121 | ) | (315,336 | ) | (199,835 | ) | (142,211 | ) | (62,265 | ) | ||||||||||||||||
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Ending units |
1,030,834 | 1,053,955 | 1,635,708 | 1,529,308 | 1,723,102 | 1,582,395 | 634,527 | 500,779 | ||||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FF40S | FF45S | FF50S | FF55S | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 204,475 | 152,343 | 9,238 | 4,793 | 14,355 | 12,619 | 4,045 | 116 | |||||||||||||||||||||||
Realized gain (loss) on investments |
996,468 | 294,826 | 122,767 | 30,850 | 280,649 | 2,281 | 8,873 | (2,091 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
2,147,681 | 2,525,972 | (12,845 | ) | 109,951 | (13,987 | ) | 247,829 | (454 | ) | 236 | |||||||||||||||||||||
Reinvested capital gains |
1,183,609 | 1,012,443 | 37,355 | 18,143 | 79,700 | 45,076 | 10,490 | 533 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
4,532,233 | 3,985,584 | 156,515 | 163,737 | 360,717 | 307,805 | 22,954 | (1,206 | ) | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
1,563,777 | 751,747 | 283,163 | 211,715 | 55,203 | 381,279 | 8,090 | 2,811 | ||||||||||||||||||||||||
Transfers between funds |
2,217,774 | 1,497,212 | 336,675 | 166,687 | (134,323 | ) | 523,366 | 317,558 | 20,458 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,185,076 | ) | (955,658 | ) | (42,997 | ) | (106,631 | ) | (93,294 | ) | (48,950 | ) | (7,243 | ) | (1,889 | ) | ||||||||||||||||
Adjustments to maintain reserves |
32 | 44 | 10 | (4 | ) | 4 | 11 | (11 | ) | (4 | ) | |||||||||||||||||||||
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|
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Net equity transactions |
2,596,507 | 1,293,345 | 576,851 | 271,767 | (172,410 | ) | 855,706 | 318,394 | 21,376 | |||||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
7,128,740 | 5,278,929 | 733,366 | 435,504 | 188,307 | 1,163,511 | 341,348 | 20,170 | ||||||||||||||||||||||||
Contract owners equity at beginning of period |
25,365,065 | 20,086,136 | 765,132 | 329,628 | 2,219,797 | 1,056,286 | 21,393 | 1,223 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 32,493,805 | 25,365,065 | 1,498,498 | 765,132 | 2,408,104 | 2,219,797 | 362,741 | 21,393 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
901,286 | 849,519 | 55,372 | 27,896 | 144,325 | 81,668 | 1,634 | 111 | ||||||||||||||||||||||||
Units purchased |
276,045 | 178,584 | 68,848 | 38,012 | 40,497 | 66,327 | 23,850 | 1,675 | ||||||||||||||||||||||||
Units surrendered |
(196,815 | ) | (126,817 | ) | (32,037 | ) | (10,536 | ) | (51,652 | ) | (3,670 | ) | (2,008 | ) | (152 | ) | ||||||||||||||||
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Ending units |
980,516 | 901,286 | 92,183 | 55,372 | 133,170 | 144,325 | 23,476 | 1,634 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FF60S | FF65S | FFINS | FGOS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 (as restated) |
|||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 8,863 | 2,373 | 80 | - | 11,397 | 17,898 | (658 | ) | (582 | ) | |||||||||||||||||||||
Realized gain (loss) on investments |
103,877 | 2,265 | 3 | - | 68,207 | (8,985 | ) | 57,415 | 6,689 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(33,637 | ) | 32,465 | (30 | ) | - | (65,897 | ) | 75,010 | (39,529 | ) | 240,048 | ||||||||||||||||||||
Reinvested capital gains |
25,591 | 9,147 | 248 | - | 35,799 | 34,328 | 57,485 | 28,229 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
104,694 | 46,250 | 301 | - | 49,506 | 118,251 | 74,713 | 274,384 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
156,472 | 2,422 | - | - | 299 | 126 | 573 | - | ||||||||||||||||||||||||
Transfers between funds |
122,255 | 296,297 | 6,777 | - | (260,365 | ) | 154,660 | 1,838 | 4,771 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(15,242 | ) | (1,136 | ) | (52 | ) | - | (123,509 | ) | (86,159 | ) | (97,113 | ) | (10,504 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(9 | ) | 7 | - | - | 15 | (2 | ) | - | (29 | ) | |||||||||||||||||||||
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Net equity transactions |
263,476 | 297,590 | 6,725 | - | (383,560 | ) | 68,625 | (94,702 | ) | (5,762 | ) | |||||||||||||||||||||
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Net change in contract owners equity |
368,170 | 343,840 | 7,026 | - | (334,054 | ) | 186,876 | (19,989 | ) | 268,622 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
345,063 | 1,223 | - | - | 1,932,596 | 1,745,720 | 677,948 | 409,326 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 713,233 | 345,063 | 7,026 | - | 1,598,542 | 1,932,596 | 657,959 | 677,948 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
26,316 | 111 | - | - | 121,416 | 120,811 | 10,483 | 9,975 | ||||||||||||||||||||||||
Units purchased |
40,103 | 26,303 | 660 | - | 101,923 | 6,181 | 36 | 6,270 | ||||||||||||||||||||||||
Units surrendered |
(20,272 | ) | (98 | ) | (5 | ) | - | (126,725 | ) | (5,576 | ) | (1,412 | ) | (5,762 | ) | |||||||||||||||||
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Ending units |
46,147 | 26,316 | 655 | - | 96,614 | 121,416 | 9,107 | 10,483 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FGS | FHIS | FIGBS | FIP | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (111,351 | ) | (3,542 | ) | 573,707 | 519,583 | 3,190,711 | 3,337,440 | 35,939 | 259,690 | |||||||||||||||||||||
Realized gain (loss) on investments |
10,402,821 | 7,277,485 | 56,964 | (264,399 | ) | 1,929,035 | 2,337,162 | 867,252 | 15,108,637 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(10,894,492 | ) | 30,242,235 | (153,156 | ) | 3,530 | (11,501,719 | ) | 8,410,670 | 136,820 | (18,751,795 | ) | ||||||||||||||||||||
Reinvested capital gains |
36,656,365 | 12,088,285 | - | - | 4,754,427 | 59,752 | 14,430 | 259,387 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
36,053,343 | 49,604,463 | 477,515 | 258,714 | (1,627,546 | ) | 14,145,024 | 1,054,441 | (3,124,081 | ) | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
3,083,768 | 2,273,870 | 195,111 | 194,050 | 2,199,704 | 2,484,327 | 1,291,891 | 765,913 | ||||||||||||||||||||||||
Transfers between funds |
(2,613,309 | ) | 5,128,520 | 325,620 | (1,719,692 | ) | 9,432,088 | (4,500,972 | ) | (4,662 | ) | (76,409,083 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(11,626,482 | ) | (9,784,637 | ) | (558,254 | ) | (650,860 | ) | (8,595,526 | ) | (6,057,898 | ) | (470,788 | ) | (291,030 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(317,177 | ) | 95,410 | (20 | ) | (1 | ) | (290 | ) | (10 | ) | 36 | (46 | ) | ||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(11,473,200 | ) | (2,286,837 | ) | (37,543 | ) | (2,176,503 | ) | 3,035,976 | (8,074,553 | ) | 816,477 | (75,934,246 | ) | ||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
24,580,143 | 47,317,626 | 439,972 | (1,917,789 | ) | 1,408,430 | 6,070,471 | 1,870,918 | (79,058,327 | ) | ||||||||||||||||||||||
Contract owners equity at beginning of period |
164,646,718 | 117,329,092 | 10,751,416 | 12,669,205 | 175,571,019 | 169,500,548 | 1,369,972 | 80,428,299 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 189,226,861 | 164,646,718 | 11,191,388 | 10,751,416 | 176,979,449 | 175,571,019 | 3,240,890 | 1,369,972 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,625,643 | 2,682,726 | 402,005 | 480,498 | 8,359,974 | 8,807,134 | 40,491 | 2,881,385 | ||||||||||||||||||||||||
Units purchased |
87,627 | 388,596 | 226,450 | 27,968 | 1,350,842 | 1,031,905 | 42,774 | 41,154 | ||||||||||||||||||||||||
Units surrendered |
(270,131 | ) | (445,679 | ) | (190,919 | ) | (106,461 | ) | (1,224,833 | ) | (1,479,065 | ) | (8,766 | ) | (2,882,048 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
2,443,139 | 2,625,643 | 437,536 | 402,005 | 8,485,983 | 8,359,974 | 74,499 | 40,491 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FMCS | FMMP | FNRS2 | FOS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 184,406 | 152,101 | (7,474 | ) | 11,751 | 105,520 | 76,876 | 94,756 | 58,287 | ||||||||||||||||||||||
Realized gain (loss) on investments |
1,163,451 | (193,552 | ) | - | - | (637,658 | ) | (496,184 | ) | 420,031 | 135,592 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,018,978 | 5,343,594 | - | - | 2,201,958 | (1,095,934 | ) | 1,664,319 | 2,317,521 | |||||||||||||||||||||||
Reinvested capital gains |
6,212,545 | - | - | - | - | - | 1,626,960 | 79,531 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
8,579,380 | 5,302,143 | (7,474 | ) | 11,751 | 1,669,820 | (1,515,242 | ) | 3,806,066 | 2,590,931 | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
620,131 | 667,152 | 1,191 | 1,039 | 531,519 | 241,957 | 634,059 | 483,903 | ||||||||||||||||||||||||
Transfers between funds |
(2,431,239 | ) | (4,412,218 | ) | (4,821,779 | ) | (5,222,495 | ) | 261,384 | (71,044 | ) | (18,250 | ) | 85,448 | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,684,744 | ) | (2,491,557 | ) | (453,768 | ) | (525,130 | ) | (372,589 | ) | (322,589 | ) | (1,509,031 | ) | (1,441,788 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(188 | ) | 54 | (22 | ) | (832 | ) | 1 | (6 | ) | (152 | ) | 32 | |||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(3,496,040 | ) | (6,236,569 | ) | (5,274,378 | ) | (5,747,418 | ) | 420,315 | (151,682 | ) | (893,374 | ) | (872,405 | ) | |||||||||||||||||
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Net change in contract owners equity |
5,083,340 | (934,426 | ) | (5,281,852 | ) | (5,735,667 | ) | 2,090,135 | (1,666,924 | ) | 2,912,692 | 1,718,526 | ||||||||||||||||||||
Contract owners equity at beginning of period |
35,899,841 | 36,834,267 | 7,431,845 | 13,167,512 | 3,068,839 | 4,735,763 | 20,204,014 | 18,485,488 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 40,983,181 | 35,899,841 | 2,149,993 | 7,431,845 | 5,158,974 | 3,068,839 | 23,116,706 | 20,204,014 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
501,684 | 609,632 | 715,310 | 1,268,832 | 271,837 | 281,564 | 614,676 | 654,246 | ||||||||||||||||||||||||
Units purchased |
32,575 | 36,202 | 620,084 | - | 57,808 | 37,097 | 25,582 | 42,242 | ||||||||||||||||||||||||
Units surrendered |
(78,948 | ) | (144,150 | ) | (1,129,223 | ) | (553,522 | ) | (34,491 | ) | (46,824 | ) | (53,229 | ) | (81,812 | ) | ||||||||||||||||
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Ending units |
455,311 | 501,684 | 206,171 | 715,310 | 295,154 | 271,837 | 587,029 | 614,676 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FRESS | FVBIS | FVEMIS | FVIIS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 23,336 | 62,295 | 39 | - | 6 | - | 69 | - | |||||||||||||||||||||||
Realized gain (loss) on investments |
366,270 | (78,060 | ) | - | - | - | - | 3 | - | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
851,894 | (233,020 | ) | (45 | ) | - | (16 | ) | - | (95 | ) | - | ||||||||||||||||||||
Reinvested capital gains |
15,880 | 119,793 | - | - | 27 | - | 3 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,257,380 | (128,992 | ) | (6 | ) | - | 17 | - | (20 | ) | - | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
196,048 | 378,105 | 3,829 | - | 358 | - | 2,942 | - | ||||||||||||||||||||||||
Transfers between funds |
(1,998,568 | ) | 304,041 | - | - | 342 | - | - | - | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(87,061 | ) | (90,210 | ) | (11 | ) | - | (16 | ) | - | (116 | ) | - | |||||||||||||||||||
Adjustments to maintain reserves |
5 | 16 | (5 | ) | - | 4 | - | (5 | ) | - | ||||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(1,889,576 | ) | 591,952 | 3,813 | - | 688 | - | 2,821 | - | |||||||||||||||||||||||
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Net change in contract owners equity |
(632,196 | ) | 462,960 | 3,807 | - | 705 | - | 2,801 | - | |||||||||||||||||||||||
Contract owners equity at beginning of period |
3,507,328 | 3,044,368 | - | - | - | - | - | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 2,875,132 | 3,507,328 | 3,807 | - | 705 | - | 2,801 | - | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
312,440 | 252,550 | - | - | - | - | - | - | ||||||||||||||||||||||||
Units purchased |
30,173 | 87,682 | 355 | - | 48 | - | 231 | - | ||||||||||||||||||||||||
Units surrendered |
(157,454 | ) | (27,792 | ) | (1 | ) | - | (1 | ) | - | (10 | ) | - | |||||||||||||||||||
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Ending units |
185,159 | 312,440 | 354 | - | 47 | - | 221 | - | ||||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FVMIS | FVSS | FTVDM2 | FTVFA2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 2,610 | 2,713 | 57,477 | 32,706 | 33,222 | 124,155 | 10,974 | 7,914 | |||||||||||||||||||||||
Realized gain (loss) on investments |
661 | (1 | ) | 116,847 | (323,121 | ) | 135,795 | 162,658 | (7,206 | ) | (17,692 | ) | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
50,644 | 44,098 | 563,131 | 317,535 | (460,234 | ) | 121,880 | 67,049 | (69,108 | ) | ||||||||||||||||||||||
Reinvested capital gains |
1,651 | - | 338,787 | 165,021 | 76,138 | 77,916 | - | 141,008 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
55,566 | 46,810 | 1,076,242 | 192,141 | (215,079 | ) | 486,609 | 70,817 | 62,122 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
4,109 | 170,596 | 108,776 | 110,192 | 281,357 | 159,043 | 21,844 | 26,575 | ||||||||||||||||||||||||
Transfers between funds |
- | - | 176,621 | (1,027,817 | ) | (46,709 | ) | (39,597 | ) | 24,996 | 180 | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(2,732 | ) | (1,764 | ) | (265,564 | ) | (355,881 | ) | (252,460 | ) | (439,244 | ) | (28,012 | ) | (105,514 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(3 | ) | - | (189 | ) | (1 | ) | (4 | ) | 4 | 6 | (9 | ) | |||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
1,374 | 168,832 | 19,644 | (1,273,507 | ) | (17,816 | ) | (319,794 | ) | 18,834 | (78,768 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
56,940 | 215,642 | 1,095,886 | (1,081,366 | ) | (232,895 | ) | 166,815 | 89,651 | (16,646 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
215,642 | - | 3,183,854 | 4,265,220 | 3,628,886 | 3,462,071 | 599,638 | 616,284 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 272,582 | 215,642 | 4,279,740 | 3,183,854 | 3,395,991 | 3,628,886 | 689,289 | 599,638 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
16,383 | - | 78,676 | 114,054 | 232,201 | 259,597 | 30,172 | 34,651 | ||||||||||||||||||||||||
Units purchased |
296 | 16,547 | 6,419 | 4,666 | 18,124 | 23,243 | 2,533 | 1,897 | ||||||||||||||||||||||||
Units surrendered |
(185 | ) | (164 | ) | (5,864 | ) | (40,044 | ) | (19,793 | ) | (50,639 | ) | (1,650 | ) | (6,376 | ) | ||||||||||||||||
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Ending units |
16,494 | 16,383 | 79,231 | 78,676 | 230,532 | 232,201 | 31,055 | 30,172 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FTVGB1 | FTVGI2 | FTVIS2 | FTVMD2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (24,690 | ) | 1,336,375 | (85 | ) | 484,358 | 254,334 | 316,702 | 14,148 | 15,333 | |||||||||||||||||||||
Realized gain (loss) on investments |
(1,190,184 | ) | (1,379,400 | ) | (180,514 | ) | (182,901 | ) | (17,492 | ) | (177,223 | ) | 75,057 | (207,050 | ) | |||||||||||||||||
Change in unrealized gain (loss) on investments |
533,985 | (899,632 | ) | (92,425 | ) | (616,521 | ) | 598,720 | (190,344 | ) | 11,979 | 90,071 | ||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | - | 4,486 | - | 13,412 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(680,889 | ) | (942,657 | ) | (273,024 | ) | (315,064 | ) | 835,562 | (46,379 | ) | 101,184 | (88,234 | ) | ||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
672,370 | 536,784 | 200,009 | 177,592 | 133,493 | 170,319 | 330 | 1,449 | ||||||||||||||||||||||||
Transfers between funds |
1,400,179 | (3,342,046 | ) | 27,630 | 2,927 | (107,141 | ) | (141,503 | ) | (116,760 | ) | (327,093 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,800,005 | ) | (879,374 | ) | (315,302 | ) | (347,798 | ) | (537,947 | ) | (1,036,008 | ) | (76,291 | ) | (56,286 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(5 | ) | 1 | (10 | ) | (7 | ) | (11 | ) | 17 | 24 | (11 | ) | |||||||||||||||||||
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Net equity transactions |
272,539 | (3,684,635 | ) | (87,673 | ) | (167,286 | ) | (511,606 | ) | (1,007,175 | ) | (192,697 | ) | (381,941 | ) | |||||||||||||||||
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Net change in contract owners equity |
(408,350 | ) | (4,627,292 | ) | (360,697 | ) | (482,350 | ) | 323,956 | (1,053,554 | ) | (91,513 | ) | (470,175 | ) | |||||||||||||||||
Contract owners equity at beginning of period |
13,745,297 | 18,372,589 | 5,477,691 | 5,960,041 | 5,312,353 | 6,365,907 | 656,398 | 1,126,573 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 13,336,947 | 13,745,297 | 5,116,994 | 5,477,691 | 5,636,309 | 5,312,353 | 564,885 | 656,398 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,366,885 | 1,733,956 | 319,287 | 329,117 | 237,677 | 286,791 | 36,928 | 60,561 | ||||||||||||||||||||||||
Units purchased |
347,891 | 128,646 | 22,999 | 20,560 | 7,284 | 8,055 | 501 | 1,569 | ||||||||||||||||||||||||
Units surrendered |
(323,559 | ) | (495,717 | ) | (28,345 | ) | (30,390 | ) | (28,976 | ) | (57,169 | ) | (10,715 | ) | (25,202 | ) | ||||||||||||||||
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Ending units |
1,391,217 | 1,366,885 | 313,941 | 319,287 | 215,985 | 237,677 | 26,714 | 36,928 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
FTVRDI | FTVSV2 | FTVSVI | TIF | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 199,452 | 246,171 | 93,009 | 100,527 | 131,830 | 140,876 | 16,419 | 24,902 | |||||||||||||||||||||||
Realized gain (loss) on investments |
5,899,200 | 274,039 | 108,862 | (1,804,901 | ) | (151,111 | ) | (836,155 | ) | (5,517 | ) | (16,247 | ) | |||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,313,719 | ) | 1,241,688 | 1,624,580 | 1,413,787 | 2,231,015 | 642,288 | 24,071 | (22,720 | ) | ||||||||||||||||||||||
Reinvested capital gains |
603,831 | 850,640 | 290,242 | 490,263 | 294,019 | 504,812 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
4,388,764 | 2,612,538 | 2,116,693 | 199,676 | 2,505,753 | 451,821 | 34,973 | (14,065 | ) | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
382,028 | 1,148,884 | 293,606 | 237,886 | 316,673 | 218,612 | - | - | ||||||||||||||||||||||||
Transfers between funds |
(21,439,605 | ) | (731,921 | ) | 1,315,710 | (549,165 | ) | 296,660 | (248,766 | ) | (331 | ) | (17,835 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,934,965 | ) | (2,257,087 | ) | (525,660 | ) | (897,869 | ) | (409,049 | ) | (740,798 | ) | (33,683 | ) | (20,410 | ) | ||||||||||||||||
Adjustments to maintain reserves |
3,001 | (2,989 | ) | 38 | 1 | (76 | ) | 2 | (16 | ) | (10 | ) | ||||||||||||||||||||
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Net equity transactions |
(22,989,541 | ) | (1,843,113 | ) | 1,083,694 | (1,209,147 | ) | 204,208 | (770,950 | ) | (34,030 | ) | (38,255 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(18,600,777 | ) | 769,425 | 3,200,387 | (1,009,471 | ) | 2,709,961 | (319,129 | ) | 943 | (52,320 | ) | ||||||||||||||||||||
Contract owners equity at beginning of period |
18,600,777 | 17,831,352 | 8,381,662 | 9,391,133 | 9,730,008 | 10,049,137 | 769,644 | 821,964 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | - | 18,600,777 | 11,582,049 | 8,381,662 | 12,439,969 | 9,730,008 | 770,587 | 769,644 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
334,357 | 372,542 | 248,662 | 293,223 | 169,810 | 184,863 | 26,975 | 28,545 | ||||||||||||||||||||||||
Units purchased |
6,883 | 9,926 | 49,512 | 32,900 | 13,010 | 10,415 | - | - | ||||||||||||||||||||||||
Units surrendered |
(341,240 | ) | (48,111 | ) | (24,410 | ) | (77,461 | ) | (10,061 | ) | (25,468 | ) | (1,114 | ) | (1,570 | ) | ||||||||||||||||
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Ending units |
- | 334,357 | 273,764 | 248,662 | 172,759 | 169,810 | 25,861 | 26,975 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
TIF2 | GVCSE | GVGMNS | GVGOPS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 205,675 | 341,097 | 6,109 | 1,108 | - | 62 | (2,595 | ) | (1,721 | ) | |||||||||||||||||||||
Realized gain (loss) on investments |
(198,902 | ) | (647,531 | ) | 230,958 | (196,813 | ) | 128 | (2,649 | ) | 49,690 | 31,050 | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
489,868 | (232,670 | ) | (244,560 | ) | 322,325 | 155 | 2,337 | (140,476 | ) | 114,335 | |||||||||||||||||||||
Reinvested capital gains |
- | - | 358,215 | 18,361 | 3,489 | 319 | 233,389 | 199,586 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
496,641 | (539,104 | ) | 350,722 | 144,981 | 3,772 | 69 | 140,008 | 343,250 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
164,225 | 86,231 | 134,499 | 84,447 | 1,845 | 1,729 | 25,033 | 17,447 | ||||||||||||||||||||||||
Transfers between funds |
(1,149,558 | ) | (763,281 | ) | (223,225 | ) | 26,695 | 2,018 | 24,911 | 42,524 | 119,284 | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(471,962 | ) | (1,023,268 | ) | (96,189 | ) | (72,638 | ) | (1,355 | ) | (58,602 | ) | (47,703 | ) | (40,022 | ) | ||||||||||||||||
Adjustments to maintain reserves |
17 | 5 | 475 | (649 | ) | 5 | 4 | (13 | ) | 13 | ||||||||||||||||||||||
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Net equity transactions |
(1,457,278 | ) | (1,700,313 | ) | (184,440 | ) | 37,855 | 2,513 | (31,958 | ) | 19,841 | 96,722 | ||||||||||||||||||||
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Net change in contract owners equity |
(960,637 | ) | (2,239,417 | ) | 166,282 | 182,836 | 6,285 | (31,889 | ) | 159,849 | 439,972 | |||||||||||||||||||||
Contract owners equity at beginning of period |
11,483,105 | 13,722,522 | 1,552,442 | 1,369,606 | 22,824 | 54,713 | 1,223,147 | 783,175 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 10,522,468 | 11,483,105 | 1,718,724 | 1,552,442 | 29,109 | 22,824 | 1,382,996 | 1,223,147 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
454,905 | 538,139 | 70,551 | 67,651 | 1,512 | 3,776 | 35,711 | 32,955 | ||||||||||||||||||||||||
Units purchased |
45,186 | 44,829 | 12,266 | 22,418 | 235 | 1,981 | 3,594 | 11,173 | ||||||||||||||||||||||||
Units surrendered |
(100,878 | ) | (128,063 | ) | (19,825 | ) | (19,518 | ) | (86 | ) | (4,245 | ) | (3,011 | ) | (8,417 | ) | ||||||||||||||||
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Ending units |
399,213 | 454,905 | 62,992 | 70,551 | 1,661 | 1,512 | 36,294 | 35,711 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
GVMCE | GVMSAS | RVARS | ACEG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 28,544 | 33,636 | 265 | 181 | - | 7,983 | - | 1,246 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,441,873 | (784,027 | ) | 211 | 4 | 29,623 | 3,731 | 160,858 | 61,355 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(13,700 | ) | 1,117,680 | 75 | 657 | (2,048 | ) | 21,699 | (162,956 | ) | 429,376 | |||||||||||||||||||||
Reinvested capital gains |
1,497,617 | 135,336 | - | - | 9,100 | - | 325,205 | 130,022 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
2,954,334 | 502,625 | 551 | 842 | 36,675 | 33,413 | 323,107 | 621,999 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
24,538 | (4,606 | ) | 475 | 474 | 2,741 | 2,473 | 70,236 | 175,531 | |||||||||||||||||||||||
Transfers between funds |
(807,122 | ) | (806,704 | ) | 9,275 | 4,910 | (266,894 | ) | 222,200 | (88,429 | ) | 718,236 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(552,616 | ) | (799,657 | ) | (2,338 | ) | (499 | ) | (21,670 | ) | (49,406 | ) | (304,337 | ) | (128,798 | ) | ||||||||||||||||
Adjustments to maintain reserves |
105 | (147 | ) | 3 | (2 | ) | (12 | ) | 4 | (13 | ) | (18 | ) | |||||||||||||||||||
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Net equity transactions |
(1,335,095 | ) | (1,611,114 | ) | 7,415 | 4,883 | (285,835 | ) | 175,271 | (322,543 | ) | 764,951 | ||||||||||||||||||||
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Net change in contract owners equity |
1,619,239 | (1,108,489 | ) | 7,966 | 5,725 | (249,160 | ) | 208,684 | 564 | 1,386,950 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
9,860,309 | 10,968,798 | 9,917 | 4,192 | 621,617 | 412,933 | 2,855,589 | 1,468,639 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 11,479,548 | 9,860,309 | 17,883 | 9,917 | 372,457 | 621,617 | 2,856,153 | 2,855,589 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
185,335 | 223,376 | 900 | 406 | 52,824 | 37,683 | 75,119 | 54,996 | ||||||||||||||||||||||||
Units purchased |
46,649 | 27,764 | 941 | 637 | 397 | 20,016 | 2,785 | 24,611 | ||||||||||||||||||||||||
Units surrendered |
(67,912 | ) | (65,805 | ) | (293 | ) | (143 | ) | (23,943 | ) | (4,875 | ) | (10,777 | ) | (4,488 | ) | ||||||||||||||||
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Ending units |
164,072 | 185,335 | 1,548 | 900 | 29,278 | 52,824 | 67,127 | 75,119 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
ACGI | AVHY1 | AVIE | AVMCCI | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 65,340 | 106,697 | 33,772 | 48,357 | 434,962 | 683,676 | 1,346 | 1,507 | |||||||||||||||||||||||
Realized gain (loss) on investments |
149,345 | (1,054,983 | ) | 86,322 | (127,404 | ) | 831,624 | 658,721 | (1,307 | ) | (32,002 | ) | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,231,503 | 790,117 | (88,672 | ) | 80,945 | (1,873,336 | ) | 2,167,850 | 64,422 | 5,048 | ||||||||||||||||||||||
Reinvested capital gains |
- | 84,671 | - | - | 2,710,418 | 720,790 | - | 46,133 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,446,188 | (73,498 | ) | 31,422 | 1,898 | 2,103,668 | 4,231,037 | 64,461 | 20,686 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
25,866 | 75,276 | - | 10,674 | 241,546 | 286,470 | 7,579 | 97,104 | ||||||||||||||||||||||||
Transfers between funds |
(2,045,917 | ) | (2,394,113 | ) | (297,896 | ) | (163,487 | ) | 2,520,912 | 155,420 | 14,860 | (58,581 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(47,140 | ) | (149,716 | ) | (118,971 | ) | (213,672 | ) | (1,283,918 | ) | (1,315,653 | ) | (2,947 | ) | (88,949 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(31 | ) | 34 | 8 | (5 | ) | (39 | ) | 34 | (4 | ) | 13 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(2,067,222 | ) | (2,468,519 | ) | (416,859 | ) | (366,490 | ) | 1,478,501 | (873,729 | ) | 19,488 | (50,413 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(621,034 | ) | (2,542,017 | ) | (385,437 | ) | (364,592 | ) | 3,582,169 | 3,357,308 | 83,949 | (29,727 | ) | |||||||||||||||||||
Contract owners equity at beginning of period |
5,718,508 | 8,260,525 | 1,187,481 | 1,552,073 | 36,676,103 | 33,318,795 | 260,436 | 290,163 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 5,097,474 | 5,718,508 | 802,044 | 1,187,481 | 40,258,272 | 36,676,103 | 344,385 | 260,436 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
230,665 | 222,627 | 68,273 | 91,988 | 1,050,203 | 1,085,856 | 8,546 | 10,468 | ||||||||||||||||||||||||
Units purchased |
4,903 | 129,772 | 6,790 | 13,276 | 135,549 | 132,612 | 1,421 | 1,982 | ||||||||||||||||||||||||
Units surrendered |
(75,729 | ) | (121,734 | ) | (31,068 | ) | (36,991 | ) | (95,952 | ) | (168,265 | ) | (783 | ) | (3,904 | ) | ||||||||||||||||
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Ending units |
159,839 | 230,665 | 43,995 | 68,273 | 1,089,800 | 1,050,203 | 9,184 | 8,546 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
AVSCE | IVBRA1 | MSVMV | OVAG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (139 | ) | 110 | 57,506 | 126,650 | - | - | (11,517 | ) | 1,501 | |||||||||||||||||||||
Realized gain (loss) on investments |
44,076 | (8,195 | ) | (14,598 | ) | (29,384 | ) | - | - | 2,541,572 | 2,151,785 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(23,927 | ) | 23,025 | 51,695 | (22,542 | ) | 1 | - | 774,778 | 9,332,399 | ||||||||||||||||||||||
Reinvested capital gains |
10,251 | 10,083 | 57,281 | 81,646 | - | - | 5,758,027 | 2,755,710 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
30,261 | 25,023 | 151,884 | 156,370 | 1 | - | 9,062,860 | 14,241,395 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
13 | - | 21,492 | 41,953 | 12 | - | 1,729,142 | 596,013 | ||||||||||||||||||||||||
Transfers between funds |
29,686 | (6,627 | ) | 27,914 | (194,815 | ) | 2 | - | 1,595,988 | 3,747,668 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(2,288 | ) | (33,582 | ) | (71,087 | ) | (108,124 | ) | - | - | (3,995,784 | ) | (2,945,136 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
(2 | ) | - | 10 | (2 | ) | (15 | ) | - | (946,636 | ) | 804,657 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
27,409 | (40,209 | ) | (21,671 | ) | (260,988 | ) | (1 | ) | - | (1,617,290 | ) | 2,203,202 | |||||||||||||||||||
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Net change in contract owners equity |
57,670 | (15,186 | ) | 130,213 | (104,618 | ) | - | - | 7,445,570 | 16,444,597 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
144,020 | 159,206 | 1,690,768 | 1,795,386 | - | - | 49,039,303 | 32,594,706 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 201,690 | 144,020 | 1,820,981 | 1,690,768 | - | - | 56,484,873 | 49,039,303 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
8,323 | 11,678 | 117,013 | 136,958 | - | - | 860,217 | 807,590 | ||||||||||||||||||||||||
Units purchased |
1,497 | - | 4,346 | 3,949 | - | - | 166,720 | 128,953 | ||||||||||||||||||||||||
Units surrendered |
(115 | ) | (3,355 | ) | (6,315 | ) | (23,894 | ) | - | - | (245,565 | ) | (76,326 | ) | ||||||||||||||||||
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Ending units |
9,705 | 8,323 | 115,044 | 117,013 | - | - | 781,372 | 860,217 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
OVGI | OVGR | OVGS | OVIG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 292,037 | 529,525 | (18,685 | ) | (23,238 | ) | (83,070 | ) | 476,929 | (40,455 | ) | 141,771 | |||||||||||||||||||
Realized gain (loss) on investments |
9,983,019 | 1,597,793 | 557,915 | 75,997 | 5,388,294 | 520,792 | 720,854 | 480,580 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(2,009,916 | ) | (774,760 | ) | 1,544,603 | 1,633,738 | 3,783,677 | 16,967,868 | (627,610 | ) | 3,412,401 | |||||||||||||||||||||
Reinvested capital gains |
2,510,681 | 3,596,896 | 786,162 | 1,560,764 | 5,235,044 | 2,951,486 | 2,153,098 | 257,213 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
10,775,821 | 4,949,454 | 2,869,995 | 3,247,261 | 14,323,945 | 20,917,075 | 2,205,887 | 4,291,965 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
701,747 | 826,513 | 4,512 | 6,759 | 2,194,525 | 2,388,947 | 1,553,958 | 1,652,425 | ||||||||||||||||||||||||
Transfers between funds |
(39,097,921 | ) | (1,051,357 | ) | (558,313 | ) | 364,060 | (3,990,212 | ) | (6,161,353 | ) | (492,868 | ) | (27,396 | ) | |||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(3,128,977 | ) | (2,417,527 | ) | (208,750 | ) | (231,888 | ) | (5,414,840 | ) | (6,781,874 | ) | (1,335,580 | ) | (1,226,771 | ) | ||||||||||||||||
Adjustments to maintain reserves |
14 | 31 | (60,276 | ) | 16,186 | (1,180 | ) | 68 | 12 | 32 | ||||||||||||||||||||||
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Net equity transactions |
(41,525,137 | ) | (2,642,340 | ) | (822,827 | ) | 155,117 | (7,211,707 | ) | (10,554,212 | ) | (274,478 | ) | 398,290 | ||||||||||||||||||
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Net change in contract owners equity |
(30,749,316 | ) | 2,307,114 | 2,047,168 | 3,402,378 | 7,112,238 | 10,362,863 | 1,931,409 | 4,690,255 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
40,345,310 | 38,038,196 | 12,974,325 | 9,571,947 | 96,810,105 | 86,447,242 | 22,248,163 | 17,557,908 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 9,595,994 | 40,345,310 | 15,021,493 | 12,974,325 | 103,922,343 | 96,810,105 | 24,179,572 | 22,248,163 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
959,869 | 1,029,257 | 332,659 | 340,202 | 2,117,816 | 2,419,546 | 1,303,519 | 1,248,270 | ||||||||||||||||||||||||
Units purchased |
169,802 | 47,991 | 209,815 | 23,985 | 461,300 | 313,790 | 167,176 | 262,715 | ||||||||||||||||||||||||
Units surrendered |
(936,017 | ) | (117,379 | ) | (290,611 | ) | (31,528 | ) | (622,022 | ) | (615,520 | ) | (183,017 | ) | (207,466 | ) | ||||||||||||||||
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Ending units |
193,654 | 959,869 | 251,863 | 332,659 | 1,957,094 | 2,117,816 | 1,287,678 | 1,303,519 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
OVSB | OVSC | WRASP | WRGP | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 828,921 | 1,036,707 | 33,466 | 38,594 | 111,930 | 126,640 | (5,089 | ) | (4,221 | ) | |||||||||||||||||||||
Realized gain (loss) on investments |
(173,739 | ) | (415,329 | ) | 191,845 | (364,633 | ) | 211,627 | (20,200 | ) | 90,497 | (120,343 | ) | |||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,283,366 | ) | (58,199 | ) | 963,241 | 1,537,233 | (347,500 | ) | 598,047 | 921,446 | 752,340 | |||||||||||||||||||||
Reinvested capital gains |
- | - | 590,907 | 89,495 | 729,540 | 106,027 | 575,356 | 522,207 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(628,184 | ) | 563,179 | 1,779,459 | 1,300,689 | 705,597 | 810,514 | 1,582,210 | 1,149,983 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
152,126 | 122,788 | 869,021 | 1,014,488 | 264,043 | 302,293 | 111,314 | 219,620 | ||||||||||||||||||||||||
Transfers between funds |
(182,648 | ) | (274,359 | ) | 220,005 | (48,124 | ) | (178,720 | ) | (55,673 | ) | 673,901 | (545,336 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(847,393 | ) | (1,445,135 | ) | (1,017,277 | ) | (1,439,054 | ) | (592,625 | ) | (602,758 | ) | (147,446 | ) | (138,658 | ) | ||||||||||||||||
Adjustments to maintain reserves |
7 | (2 | ) | (190 | ) | 25 | 10 | (3 | ) | (10 | ) | (6 | ) | |||||||||||||||||||
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Net equity transactions |
(877,908 | ) | (1,596,708 | ) | 71,559 | (472,665 | ) | (507,292 | ) | (356,141 | ) | 637,759 | (464,380 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(1,506,092 | ) | (1,033,529 | ) | 1,851,018 | 828,024 | 198,305 | 454,373 | 2,219,969 | 685,603 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
18,694,534 | 19,728,063 | 7,984,207 | 7,156,183 | 6,983,459 | 6,529,086 | 4,866,442 | 4,180,839 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 17,188,442 | 18,694,534 | 9,835,225 | 7,984,207 | 7,181,764 | 6,983,459 | 7,086,411 | 4,866,442 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,127,112 | 1,229,876 | 117,121 | 125,648 | 337,483 | 359,396 | 77,822 | 87,159 | ||||||||||||||||||||||||
Units purchased |
31,013 | 32,856 | 8,217 | 10,892 | 21,004 | 30,468 | 17,299 | 6,405 | ||||||||||||||||||||||||
Units surrendered |
(85,199 | ) | (135,620 | ) | (7,532 | ) | (19,419 | ) | (44,170 | ) | (52,381 | ) | (8,128 | ) | (15,742 | ) | ||||||||||||||||
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Ending units |
1,072,926 | 1,127,112 | 117,806 | 117,121 | 314,317 | 337,483 | 86,993 | 77,822 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
WRHIP | WRMCG | WRRESP | WRSTP | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 772,870 | 1,072,763 | (8,807 | ) | (7,834 | ) | 56,228 | 86,917 | (3,508 | ) | (4,963 | ) | |||||||||||||||||||
Realized gain (loss) on investments |
(22,867 | ) | (894,847 | ) | 662,729 | 439,073 | 271,644 | 3,910 | 1,991,293 | 998,269 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
54,813 | 458,761 | (426,040 | ) | 1,231,811 | 2,171,906 | (689,289 | ) | (3,605,574 | ) | 880,377 | |||||||||||||||||||||
Reinvested capital gains |
- | - | 814,415 | 336,771 | 108,801 | 429,752 | 2,955,121 | 1,025,078 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
804,816 | 636,677 | 1,042,297 | 1,999,821 | 2,608,579 | (168,710 | ) | 1,337,332 | 2,898,761 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
205,224 | 216,657 | 97,132 | 232,836 | 180,750 | 414,756 | 1,135,602 | 1,360,464 | ||||||||||||||||||||||||
Transfers between funds |
(618,272 | ) | (2,713,698 | ) | 106,031 | (538,977 | ) | 717,205 | (1,075,449 | ) | (766,308 | ) | (2,482,556 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(795,046 | ) | (459,790 | ) | (364,325 | ) | (547,335 | ) | (563,487 | ) | (487,065 | ) | (1,140,319 | ) | (962,836 | ) | ||||||||||||||||
Adjustments to maintain reserves |
75 | 16 | 104 | (8 | ) | 35 | 17 | (299 | ) | 71 | ||||||||||||||||||||||
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Net equity transactions |
(1,208,019 | ) | (2,956,815 | ) | (161,058 | ) | (853,484 | ) | 334,503 | (1,147,741 | ) | (771,324 | ) | (2,084,857 | ) | |||||||||||||||||
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Net change in contract owners equity |
(403,203 | ) | (2,320,138 | ) | 881,239 | 1,146,337 | 2,943,082 | (1,316,451 | ) | 566,008 | 813,904 | |||||||||||||||||||||
Contract owners equity at beginning of period |
14,536,361 | 16,856,499 | 6,307,315 | 5,160,978 | 5,811,124 | 7,127,575 | 9,705,505 | 8,891,601 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 14,133,158 | 14,536,361 | 7,188,554 | 6,307,315 | 8,754,206 | 5,811,124 | 10,271,513 | 9,705,505 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
900,221 | 1,104,637 | 172,147 | 209,954 | 217,442 | 258,676 | 184,422 | 229,430 | ||||||||||||||||||||||||
Units purchased |
79,477 | 78,698 | 29,052 | 33,804 | 52,988 | 28,060 | 31,859 | 43,417 | ||||||||||||||||||||||||
Units surrendered |
(153,017 | ) | (283,114 | ) | (32,666 | ) | (71,611 | ) | (42,145 | ) | (69,294 | ) | (46,625 | ) | (88,425 | ) | ||||||||||||||||
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Ending units |
826,681 | 900,221 | 168,533 | 172,147 | 228,285 | 217,442 | 169,656 | 184,422 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
JPMMV1 | JPSCE1 | JABS | JACAS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 396,990 | 512,478 | 2,403 | 4,406 | 247,723 | 528,995 | (19,845 | ) | 71,104 | ||||||||||||||||||||||
Realized gain (loss) on investments |
1,071,215 | (1,609,807 | ) | 31,175 | (160,993 | ) | 2,135,261 | 1,880,396 | 4,338,655 | 2,178,918 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,977,004 | 13,931 | 87,583 | 172,989 | 4,447,803 | 2,046,614 | 1,123,815 | 12,512,978 | ||||||||||||||||||||||||
Reinvested capital gains |
2,693,823 | 2,459,433 | 21,015 | 33,288 | 347,269 | 576,692 | 9,069,454 | 4,197,214 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
13,139,032 | 1,376,035 | 142,176 | 49,690 | 7,178,056 | 5,032,697 | 14,512,079 | 18,960,214 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
869,702 | 587,098 | 128,518 | 284,642 | 1,127,130 | 3,411,480 | 1,741,314 | 1,840,092 | ||||||||||||||||||||||||
Transfers between funds |
544,269 | 80,551 | 335,215 | (339,354 | ) | 418,635 | (324,183 | ) | (3,447,955 | ) | (2,110,233 | ) | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,941,925 | ) | (1,327,273 | ) | (14,672 | ) | (56,778 | ) | (2,116,427 | ) | (2,891,038 | ) | (4,829,068 | ) | (5,697,033 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(128 | ) | 138 | 12 | 9 | 143 | 91 | 60 | 6 | |||||||||||||||||||||||
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Net equity transactions |
(528,082 | ) | (659,486 | ) | 449,073 | (111,481 | ) | (570,519 | ) | 196,350 | (6,535,649 | ) | (5,967,168 | ) | ||||||||||||||||||
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Net change in contract owners equity |
12,610,950 | 716,549 | 591,249 | (61,791 | ) | 6,607,537 | 5,229,047 | 7,976,430 | 12,993,046 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
45,332,340 | 44,615,791 | 531,195 | 592,986 | 43,662,093 | 38,433,046 | 65,981,390 | 52,988,344 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 57,943,290 | 45,332,340 | 1,122,444 | 531,195 | 50,269,630 | 43,662,093 | 73,957,820 | 65,981,390 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,118,045 | 1,104,013 | 33,535 | 42,359 | 940,674 | 943,328 | 1,268,442 | 1,418,018 | ||||||||||||||||||||||||
Units purchased |
222,372 | 160,838 | 41,663 | 25,332 | 101,496 | 147,403 | 135,242 | 75,116 | ||||||||||||||||||||||||
Units surrendered |
(242,458 | ) | (146,806 | ) | (16,740 | ) | (34,156 | ) | (115,452 | ) | (150,057 | ) | (247,526 | ) | (224,692 | ) | ||||||||||||||||
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Ending units |
1,097,959 | 1,118,045 | 58,458 | 33,535 | 926,718 | 940,674 | 1,156,158 | 1,268,442 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
JAEI | JAFBS | JAGTS | JAIGS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 5,131 | 1,608 | 115,917 | 157,486 | 34,375 | (11,727 | ) | 257,716 | 232,521 | ||||||||||||||||||||||
Realized gain (loss) on investments |
317,758 | 25,202 | 76,281 | 329,283 | 3,759,360 | 4,155,349 | 151,076 | (509,310 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(135,271 | ) | 182,969 | (464,291 | ) | 151,405 | (2,392,006 | ) | 7,227,338 | 2,712,253 | 3,470,078 | |||||||||||||||||||||
Reinvested capital gains |
135,391 | 159,852 | 184,336 | - | 5,988,697 | 2,993,656 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
323,009 | 369,631 | (87,757 | ) | 638,174 | 7,390,426 | 14,364,616 | 3,121,045 | 3,193,289 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
55,272 | 59,897 | 181,950 | 352,487 | 1,047,706 | 1,065,054 | 658,787 | 523,468 | ||||||||||||||||||||||||
Transfers between funds |
(1,114,300 | ) | (300,230 | ) | 313,459 | (224,610 | ) | (2,090,266 | ) | 3,122,536 | 114,017 | (129,508 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(127,864 | ) | (71,910 | ) | (281,974 | ) | (555,528 | ) | (2,773,075 | ) | (3,409,242 | ) | (1,425,799 | ) | (1,501,264 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(6 | ) | 15 | 6 | (4 | ) | (9 | ) | 123 | 112 | (36 | ) | ||||||||||||||||||||
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Net equity transactions |
(1,186,898 | ) | (312,228 | ) | 213,441 | (427,655 | ) | (3,815,644 | ) | 778,471 | (652,883 | ) | (1,107,340 | ) | ||||||||||||||||||
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Net change in contract owners equity |
(863,889 | ) | 57,403 | 125,684 | 210,519 | 3,574,782 | 15,143,087 | 2,468,162 | 2,085,949 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
2,481,780 | 2,424,377 | 7,388,807 | 7,178,288 | 44,019,614 | 28,876,527 | 23,867,458 | 21,781,509 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,617,891 | 2,481,780 | 7,514,491 | 7,388,807 | 47,594,396 | 44,019,614 | 26,335,620 | 23,867,458 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
132,469 | 154,605 | 587,623 | 628,541 | 1,262,083 | 1,245,624 | 1,133,790 | 1,200,849 | ||||||||||||||||||||||||
Units purchased |
3,548 | 4,540 | 97,291 | 68,935 | 60,661 | 184,635 | 227,798 | 107,439 | ||||||||||||||||||||||||
Units surrendered |
(62,100 | ) | (26,676 | ) | (80,633 | ) | (109,853 | ) | (164,248 | ) | (168,176 | ) | (261,374 | ) | (174,498 | ) | ||||||||||||||||
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Ending units |
73,917 | 132,469 | 604,281 | 587,623 | 1,158,496 | 1,262,083 | 1,100,214 | 1,133,790 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
JAMGS | JAMVS | LZREMS | SBVSG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 35,136 | (56,957 | ) | 976 | 6,455 | 234,463 | 262,240 | (52,867 | ) | (37,157 | ) | ||||||||||||||||||||
Realized gain (loss) on investments |
2,284,029 | 1,380,127 | 222 | (12,115 | ) | 559,279 | (1,518,101 | ) | 3,930,858 | (105,684 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
255,722 | 4,241,519 | 157,421 | (28,446 | ) | (36,084 | ) | 880,413 | (3,994,978 | ) | 6,697,997 | |||||||||||||||||||||
Reinvested capital gains |
3,966,351 | 2,645,470 | - | 15,152 | - | - | 3,547,967 | 1,864,361 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
6,541,238 | 8,210,159 | 158,619 | (18,954 | ) | 757,658 | (375,448 | ) | 3,430,980 | 8,419,517 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
1,474,913 | 1,104,804 | 2,170 | 1,960 | 392,481 | 711,623 | 858,723 | 1,035,434 | ||||||||||||||||||||||||
Transfers between funds |
(3,827,610 | ) | 647,580 | 7,061 | (33,570 | ) | (1,689,652 | ) | (2,081,608 | ) | (2,679,779 | ) | (701,168 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(989,622 | ) | (1,007,731 | ) | (18,138 | ) | (9,856 | ) | (607,819 | ) | (651,155 | ) | (1,528,014 | ) | (1,126,270 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(54 | ) | (58 | ) | (2 | ) | 10 | (4 | ) | 17 | (36 | ) | (17 | ) | ||||||||||||||||||
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Net equity transactions |
(3,342,373 | ) | 744,595 | (8,909 | ) | (41,456 | ) | (1,904,994 | ) | (2,021,123 | ) | (3,349,106 | ) | (792,021 | ) | |||||||||||||||||
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Net change in contract owners equity |
3,198,865 | 8,954,754 | 149,710 | (60,410 | ) | (1,147,336 | ) | (2,396,571 | ) | 81,874 | 7,627,496 | |||||||||||||||||||||
Contract owners equity at beginning of period |
41,970,299 | 33,015,545 | 834,228 | 894,638 | 12,882,704 | 15,279,275 | 28,098,311 | 20,470,815 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 45,169,164 | 41,970,299 | 983,938 | 834,228 | 11,735,368 | 12,882,704 | 28,180,185 | 28,098,311 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,928,139 | 1,803,875 | 38,490 | 40,695 | 1,040,798 | 1,217,379 | 625,713 | 652,734 | ||||||||||||||||||||||||
Units purchased |
290,352 | 443,767 | 379 | 125 | 92,268 | 153,760 | 48,127 | 110,593 | ||||||||||||||||||||||||
Units surrendered |
(435,495 | ) | (319,503 | ) | (778 | ) | (2,330 | ) | (232,069 | ) | (330,341 | ) | (115,875 | ) | (137,614 | ) | ||||||||||||||||
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Ending units |
1,782,996 | 1,928,139 | 38,091 | 38,490 | 900,997 | 1,040,798 | 557,965 | 625,713 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
BNCAI | LOVBD | LOVMCV | LOVSDC | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (11,770 | ) | (10,940 | ) | 124,463 | 146,178 | - | 10 | 470,767 | 608,844 | |||||||||||||||||||||
Realized gain (loss) on investments |
525,259 | 846,888 | 58,131 | 72,232 | 254 | (2,320 | ) | 50,245 | (205,731 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
544,970 | 675,201 | (122,970 | ) | 54,045 | (166 | ) | 711 | (405,229 | ) | 227,598 | |||||||||||||||||||||
Reinvested capital gains |
164,749 | 113,979 | 70,004 | - | 1 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,223,208 | 1,625,128 | 129,628 | 272,455 | 89 | (1,599 | ) | 115,783 | 630,711 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
689 | (97,591 | ) | 73,172 | 402,920 | - | - | 429,920 | (397,107 | ) | ||||||||||||||||||||||
Transfers between funds |
194,608 | (736,634 | ) | 125,021 | (489,083 | ) | (1,434 | ) | (3,606 | ) | (162,382 | ) | 2,510,908 | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(173,902 | ) | (367,220 | ) | (209,434 | ) | (46,535 | ) | 277 | (5,639 | ) | (1,267,618 | ) | 16,676 | ||||||||||||||||||
Adjustments to maintain reserves |
(9 | ) | (63 | ) | (6 | ) | 18 | 7 | (14 | ) | (18 | ) | (6,922 | ) | ||||||||||||||||||
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Net equity transactions |
21,386 | (1,201,508 | ) | (11,247 | ) | (132,680 | ) | (1,150 | ) | (9,259 | ) | (1,000,098 | ) | 2,123,555 | ||||||||||||||||||
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Net change in contract owners equity |
1,244,594 | 423,620 | 118,381 | 139,775 | (1,061 | ) | (10,858 | ) | (884,315 | ) | 2,754,266 | |||||||||||||||||||||
Contract owners equity at beginning of period |
6,747,501 | 6,323,881 | 4,246,211 | 4,106,436 | 1,061 | 11,919 | 24,171,910 | 21,417,644 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 7,992,095 | 6,747,501 | 4,364,592 | 4,246,211 | - | 1,061 | 23,287,595 | 24,171,910 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
82,684 | 103,709 | 302,161 | 313,730 | 44 | 491 | 2,143,345 | 1,956,169 | ||||||||||||||||||||||||
Units purchased |
28,257 | 5,309 | 17,352 | 101,835 | 13 | 61 | 654,237 | 474,179 | ||||||||||||||||||||||||
Units surrendered |
(28,913 | ) | (26,334 | ) | (18,207 | ) | (113,404 | ) | (57 | ) | (508 | ) | (745,036 | ) | (287,003 | ) | ||||||||||||||||
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Ending units |
82,028 | 82,684 | 301,306 | 302,161 | - | 44 | 2,052,546 | 2,143,345 | ||||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
LOVTRC | MNVFRS | MEGSS | MMCGSC | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 352,500 | 782,840 | 1,239 | 149 | (1 | ) | - | (2,790 | ) | (716 | ) | ||||||||||||||||||||
Realized gain (loss) on investments |
895,562 | 279,420 | 16 | - | - | - | 127,270 | 44,318 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,576,908 | ) | 546,300 | 222 | 539 | (70 | ) | - | (376,329 | ) | 219,819 | |||||||||||||||||||||
Reinvested capital gains |
182,846 | 676,850 | - | - | - | - | 565,922 | 96,190 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(146,000 | ) | 2,285,410 | 1,477 | 688 | (71 | ) | - | 314,073 | 359,611 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
1,886,304 | 2,050,379 | 4,900 | - | - | - | 98,804 | 429,313 | ||||||||||||||||||||||||
Transfers between funds |
(14,919,215 | ) | 3,229,237 | - | 43,823 | 6,204 | - | 1,045,433 | 490,401 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(2,904,934 | ) | (1,454,824 | ) | (778 | ) | (67 | ) | (9 | ) | - | (299,230 | ) | (56,575 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(6 | ) | 26 | (9 | ) | (1 | ) | (7 | ) | - | 20 | (8 | ) | |||||||||||||||||||
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Net equity transactions |
(15,937,851 | ) | 3,824,818 | 4,113 | 43,755 | 6,188 | - | 845,027 | 863,131 | |||||||||||||||||||||||
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Net change in contract owners equity |
(16,083,851 | ) | 6,110,228 | 5,590 | 44,443 | 6,117 | - | 1,159,100 | 1,222,742 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
37,251,155 | 31,140,927 | 44,443 | - | - | - | 1,471,978 | 249,236 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 21,167,304 | 37,251,155 | 50,033 | 44,443 | 6,117 | - | 2,631,078 | 1,471,978 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
3,073,147 | 2,753,771 | 3,986 | - | - | - | 81,625 | 18,803 | ||||||||||||||||||||||||
Units purchased |
710,301 | 530,619 | 428 | 3,992 | 534 | - | 78,410 | 95,358 | ||||||||||||||||||||||||
Units surrendered |
(2,030,995 | ) | (211,243 | ) | (68 | ) | (6 | ) | (1 | ) | - | (31,665 | ) | (32,536 | ) | |||||||||||||||||
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Ending units |
1,752,453 | 3,073,147 | 4,346 | 3,986 | 533 | - | 128,370 | 81,625 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MNDIC | MNDSC | MV2EEI | MV2EES | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | - | 2,399 | (284 | ) | - | - | 257 | - | ||||||||||||||||||||||
Realized gain (loss) on investments |
228,062 | (9,082 | ) | 121,616 | 3,569 | - | - | (1,032 | ) | - | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(510,786 | ) | 557,401 | (912,775 | ) | 702,736 | (46 | ) | - | (18,115 | ) | - | ||||||||||||||||||||
Reinvested capital gains |
337,501 | 155,504 | 850,045 | 168,125 | - | - | 12 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
54,777 | 703,823 | 61,285 | 874,146 | (46 | ) | - | (18,878 | ) | - | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
70,832 | 83,978 | 226,266 | 707,111 | - | - | (90 | ) | - | |||||||||||||||||||||||
Transfers between funds |
(436,944 | ) | 308,819 | 916,505 | 1,151,093 | 1,109 | - | 155,086 | - | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(236,014 | ) | (150,581 | ) | (64,466 | ) | (22,161 | ) | (19 | ) | - | (3,802 | ) | - | ||||||||||||||||||
Adjustments to maintain reserves |
101 | 12 | (57 | ) | 29 | (4 | ) | - | - | - | ||||||||||||||||||||||
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Net equity transactions |
(602,025 | ) | 242,228 | 1,078,248 | 1,836,072 | 1,086 | - | 151,194 | - | |||||||||||||||||||||||
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Net change in contract owners equity |
(547,248 | ) | 946,051 | 1,139,533 | 2,710,218 | 1,040 | - | 132,316 | - | |||||||||||||||||||||||
Contract owners equity at beginning of period |
2,389,820 | 1,443,769 | 3,526,600 | 816,382 | - | - | - | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,842,572 | 2,389,820 | 4,666,133 | 3,526,600 | 1,040 | - | 132,316 | - | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
63,827 | 56,254 | 97,110 | 32,582 | - | - | - | - | ||||||||||||||||||||||||
Units purchased |
2,107 | 13,156 | 36,021 | 65,331 | 97 | - | 23,973 | - | ||||||||||||||||||||||||
Units surrendered |
(17,593 | ) | (5,583 | ) | (6,878 | ) | (803 | ) | (2 | ) | - | (11,794 | ) | - | ||||||||||||||||||
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Ending units |
48,341 | 63,827 | 126,253 | 97,110 | 95 | - | 12,179 | - | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MV2IGI | MV2RIS | MV3MVI | MV3MVS | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 12,822 | 19,362 | 230,463 | 14,368 | 1,433 | 8 | 10,272 | 3,384 | |||||||||||||||||||||||
Realized gain (loss) on investments |
223,257 | 180,219 | 93,491 | 734,708 | 3,861 | - | 239,700 | (1,015 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
283,060 | 245,786 | 1,883,975 | (994,515 | ) | 17,282 | 232 | 147,691 | 104,969 | |||||||||||||||||||||||
Reinvested capital gains |
682,843 | 410,118 | 1,955,689 | 58,183 | 1,214 | 27 | 12,619 | 16,423 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,201,982 | 855,485 | 4,163,618 | (187,256 | ) | 23,790 | 267 | 410,282 | 123,761 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
116,310 | 92,499 | 99,147 | 35,178 | 112,448 | - | 14,568 | 5,283 | ||||||||||||||||||||||||
Transfers between funds |
(268,848 | ) | (149,117 | ) | (58,230 | ) | 10,291,564 | 209,749 | 14,585 | 303,953 | 1,233,077 | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(298,749 | ) | (370,016 | ) | (515,066 | ) | (212,653 | ) | (7,311 | ) | (36 | ) | (578,825 | ) | (2,863 | ) | ||||||||||||||||
Adjustments to maintain reserves |
12 | (5 | ) | 38 | 8 | (12 | ) | 7 | (20 | ) | 4 | |||||||||||||||||||||
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Net equity transactions |
(451,275 | ) | (426,639 | ) | (474,111 | ) | 10,114,097 | 314,874 | 14,556 | (260,324 | ) | 1,235,501 | ||||||||||||||||||||
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Net change in contract owners equity |
750,707 | 428,846 | 3,689,507 | 9,926,841 | 338,664 | 14,823 | 149,958 | 1,359,262 | ||||||||||||||||||||||||
Contract owners equity at beginning of period |
4,805,134 | 4,376,288 | 37,528,717 | 27,601,876 | 14,823 | - | 1,369,174 | 9,912 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 5,555,841 | 4,805,134 | 41,218,224 | 37,528,717 | 353,487 | 14,823 | 1,519,132 | 1,369,174 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
206,954 | 230,941 | 2,635,491 | 2,182,472 | 1,076 | - | 120,414 | 902 | ||||||||||||||||||||||||
Units purchased |
6,084 | 11,448 | 31,247 | 477,814 | 19,003 | 1,079 | 32,737 | 119,892 | ||||||||||||||||||||||||
Units surrendered |
(23,087 | ) | (35,435 | ) | (62,751 | ) | (24,795 | ) | (489 | ) | (3 | ) | (50,684 | ) | (380 | ) | ||||||||||||||||
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Ending units |
189,951 | 206,954 | 2,603,987 | 2,635,491 | 19,590 | 1,076 | 102,467 | 120,414 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MVBRES | MVFIC | MVFSC | MVIGIC | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 15,199 | 15,433 | 154,433 | 160,875 | 1,099,308 | 915,638 | 2,459 | 3,494 | |||||||||||||||||||||||
Realized gain (loss) on investments |
105,789 | (96,639 | ) | 278,682 | 14,479 | 2,479,658 | (347,986 | ) | 20,239 | (1,187 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
253,270 | 167,050 | 1,926,819 | (317,781 | ) | 17,871,954 | (151,513 | ) | (3,274 | ) | 43,913 | |||||||||||||||||||||
Reinvested capital gains |
144,494 | 70,927 | 257,172 | 450,878 | 2,564,489 | 3,637,672 | 20,052 | 3,178 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
518,752 | 156,771 | 2,617,106 | 308,451 | 24,015,409 | 4,053,811 | 39,476 | 49,398 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
139,920 | 132,489 | 260,800 | 259,645 | 2,170,087 | 2,365,146 | 54,733 | 4,199 | ||||||||||||||||||||||||
Transfers between funds |
(10,013 | ) | (866,372 | ) | (236,097 | ) | (525,872 | ) | 3,645,850 | 7,685,400 | 120,574 | 147,410 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(48,919 | ) | (138,911 | ) | (817,659 | ) | (726,919 | ) | (5,973,325 | ) | (2,594,249 | ) | (20,484 | ) | (18,962 | ) | ||||||||||||||||
Adjustments to maintain reserves |
3 | 15 | (43 | ) | 6 | (137 | ) | 185 | - | (4 | ) | |||||||||||||||||||||
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Net equity transactions |
80,991 | (872,779 | ) | (792,999 | ) | (993,140 | ) | (157,525 | ) | 7,456,482 | 154,823 | 132,643 | ||||||||||||||||||||
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Net change in contract owners equity |
599,743 | (716,008 | ) | 1,824,107 | (684,689 | ) | 23,857,884 | 11,510,293 | 194,299 | 182,041 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
1,738,664 | 2,454,672 | 10,724,980 | 11,409,669 | 97,058,379 | 85,548,086 | 302,884 | 120,843 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 2,338,407 | 1,738,664 | 12,549,087 | 10,724,980 | 120,916,263 | 97,058,379 | 497,183 | 302,884 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
88,920 | 144,468 | 209,472 | 230,589 | 4,050,766 | 3,683,177 | 23,852 | 11,023 | ||||||||||||||||||||||||
Units purchased |
10,496 | 20,062 | 7,075 | 9,695 | 804,725 | 830,715 | 13,607 | 14,724 | ||||||||||||||||||||||||
Units surrendered |
(6,681 | ) | (75,610 | ) | (21,175 | ) | (30,812 | ) | (824,102 | ) | (463,126 | ) | (1,628 | ) | (1,895 | ) | ||||||||||||||||
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Ending units |
92,735 | 88,920 | 195,372 | 209,472 | 4,031,389 | 4,050,766 | 35,831 | 23,852 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MVIVSC | MVRBSS | MSEM | MSVEG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (36,633 | ) | 565,331 | 97,983 | 47,877 | 391,959 | 332,923 | (21,075 | ) | (9,921 | ) | ||||||||||||||||||||
Realized gain (loss) on investments |
6,735,502 | 4,350,810 | 11,766 | 30,519 | (96,863 | ) | (195,195 | ) | 3,066,281 | 756,195 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,355,310 | 11,773,879 | (147,647 | ) | 89,031 | (464,378 | ) | 209,085 | (7,614,631 | ) | 3,839,911 | |||||||||||||||||||||
Reinvested capital gains |
2,989,831 | 1,996,613 | 304 | - | - | - | 4,362,340 | 719,874 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
11,044,010 | 18,686,633 | (37,594 | ) | 167,427 | (169,282 | ) | 346,813 | (207,085 | ) | 5,306,059 | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
1,723,203 | 1,814,032 | 258,316 | 200,237 | 188,864 | 184,237 | 684,711 | 682,921 | ||||||||||||||||||||||||
Transfers between funds |
(3,722,319 | ) | (3,801,379 | ) | 474,400 | 2,015,271 | 122,016 | (385,980 | ) | 4,685,848 | 1,509,020 | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(4,875,600 | ) | (4,237,506 | ) | (92,200 | ) | (31,983 | ) | (575,753 | ) | (421,702 | ) | (1,096,250 | ) | (477,186 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(132 | ) | (126 | ) | (7 | ) | 10 | (15 | ) | 22 | (15 | ) | 238 | |||||||||||||||||||
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Net equity transactions |
(6,874,848 | ) | (6,224,979 | ) | 640,509 | 2,183,535 | (264,888 | ) | (623,423 | ) | 4,274,294 | 1,714,993 | ||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
4,169,162 | 12,461,654 | 602,915 | 2,350,962 | (434,170 | ) | (276,610 | ) | 4,067,209 | 7,021,052 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
111,199,442 | 98,737,788 | 3,561,325 | 1,210,363 | 7,877,711 | 8,154,321 | 11,234,029 | 4,212,977 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity at end of period |
$ | 115,368,604 | 111,199,442 | 4,164,240 | 3,561,325 | 7,443,541 | 7,877,711 | 15,301,238 | 11,234,029 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,828,149 | 3,016,906 | 298,146 | 109,591 | 174,554 | 192,075 | 129,598 | 105,709 | ||||||||||||||||||||||||
Units purchased |
790,894 | 375,596 | 92,593 | 243,940 | 21,460 | 19,059 | 141,912 | 39,953 | ||||||||||||||||||||||||
Units surrendered |
(963,001 | ) | (564,353 | ) | (38,175 | ) | (55,385 | ) | (31,504 | ) | (36,580 | ) | (95,454 | ) | (16,064 | ) | ||||||||||||||||
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Ending units |
2,656,042 | 2,828,149 | 352,564 | 298,146 | 164,510 | 174,554 | 176,056 | 129,598 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MSVFI | MSVMG | MSVRE | VKVGR2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 103,286 | 69,103 | (6,456 | ) | (6,449 | ) | 107,879 | 137,131 | 111,807 | 203,379 | |||||||||||||||||||||
Realized gain (loss) on investments |
13,158 | 45,782 | 487,778 | 752,176 | (231,460 | ) | (1,116,019 | ) | (213,682 | ) | (914,985 | ) | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(297,032 | ) | 39,231 | (2,728,875 | ) | 1,838,774 | 2,057,854 | (983,750 | ) | 1,090,999 | (165,459 | ) | ||||||||||||||||||||
Reinvested capital gains |
171,190 | 25,261 | 1,753,317 | 377,455 | - | 145,795 | - | 100,464 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(9,398 | ) | 179,377 | (494,236 | ) | 2,961,956 | 1,934,273 | (1,816,843 | ) | 989,124 | (776,601 | ) | ||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
149,659 | 152,256 | (2,153 | ) | 1,825 | 5,896 | 89,104 | 250,717 | 256,589 | |||||||||||||||||||||||
Transfers between funds |
169,319 | 419,659 | (691,796 | ) | (331,964 | ) | 34,445 | (3,391,169 | ) | (650,048 | ) | (433,163 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(267,808 | ) | (406,501 | ) | (141,277 | ) | (177,228 | ) | (75,860 | ) | (262,874 | ) | (387,615 | ) | (214,486 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(53 | ) | 1 | 88 | (18 | ) | 8 | 9 | (10 | ) | 12 | |||||||||||||||||||||
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Net equity transactions |
51,117 | 165,415 | (835,138 | ) | (507,385 | ) | (35,511 | ) | (3,564,930 | ) | (786,956 | ) | (391,048 | ) | ||||||||||||||||||
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Net change in contract owners equity |
41,719 | 344,792 | (1,329,374 | ) | 2,454,571 | 1,898,762 | (5,381,773 | ) | 202,168 | (1,167,649 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
2,616,433 | 2,271,641 | 4,810,306 | 2,355,735 | 5,211,568 | 10,593,341 | 4,579,745 | 5,747,394 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 2,658,152 | 2,616,433 | 3,480,932 | 4,810,306 | 7,110,330 | 5,211,568 | 4,781,913 | 4,579,745 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
123,213 | 115,319 | 59,566 | 73,374 | 95,340 | 160,729 | 394,939 | 421,903 | ||||||||||||||||||||||||
Units purchased |
16,591 | 30,388 | 34,151 | 19,514 | 15,552 | 4,004 | 64,008 | 72,021 | ||||||||||||||||||||||||
Units surrendered |
(14,219 | ) | (22,494 | ) | (45,807 | ) | (33,322 | ) | (20,997 | ) | (69,393 | ) | (125,908 | ) | (98,985 | ) | ||||||||||||||||
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Ending units |
125,585 | 123,213 | 47,910 | 59,566 | 89,895 | 95,340 | 333,039 | 394,939 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
DTRTFB | EIF | GBF | GEM | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 10,019 | 3,386 | 204,069 | 229,083 | 1,815,992 | 2,271,406 | 134,602 | 231,661 | |||||||||||||||||||||||
Realized gain (loss) on investments |
107 | 622 | 900,887 | 772,428 | 999,579 | 1,469,123 | 651,392 | 511,734 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(10,394 | ) | 1,309 | 1,557,484 | (1,020,478 | ) | (5,469,353 | ) | 3,305,635 | (1,847,844 | ) | 501,294 | ||||||||||||||||||||
Reinvested capital gains |
1,217 | - | 161,825 | 566,861 | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
949 | 5,317 | 2,824,265 | 547,894 | (2,653,782 | ) | 7,046,164 | (1,061,850 | ) | 1,244,689 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
1,862 | 1,807 | 246,371 | 312,727 | 3,769,900 | 2,595,622 | 505,537 | 441,749 | ||||||||||||||||||||||||
Transfers between funds |
300,019 | 26,594 | (442,600 | ) | 1,595 | 5,171,743 | (24,878,891 | ) | 75,565 | (1,337,255 | ) | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(4,430 | ) | (14,950 | ) | (902,285 | ) | (766,949 | ) | (6,455,790 | ) | (6,371,267 | ) | (688,338 | ) | (888,361 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(7 | ) | 9 | (306 | ) | (26 | ) | (153 | ) | 73 | (754 | ) | 88 | |||||||||||||||||||
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Net equity transactions |
297,444 | 13,460 | (1,098,820 | ) | (452,653 | ) | 2,485,700 | (28,654,463 | ) | (107,990 | ) | (1,783,779 | ) | |||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
298,393 | 18,777 | 1,725,445 | 95,241 | (168,082 | ) | (21,608,299 | ) | (1,169,840 | ) | (539,090 | ) | ||||||||||||||||||||
Contract owners equity at beginning of period |
149,535 | 130,758 | 14,694,030 | 14,598,789 | 115,933,592 | 137,541,891 | 14,598,254 | 15,137,344 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 447,928 | 149,535 | 16,419,475 | 14,694,030 | 115,765,510 | 115,933,592 | 13,428,414 | 14,598,254 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
13,279 | 12,047 | 407,493 | 419,411 | 5,067,963 | 6,370,399 | 390,435 | 459,444 | ||||||||||||||||||||||||
Units purchased |
27,102 | 2,607 | 14,974 | 20,284 | 1,033,045 | 1,127,189 | 44,764 | 31,158 | ||||||||||||||||||||||||
Units surrendered |
(423 | ) | (1,375 | ) | (44,181 | ) | (32,202 | ) | (992,744 | ) | (2,429,625 | ) | (47,609 | ) | (100,167 | ) | ||||||||||||||||
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Ending units |
39,958 | 13,279 | 378,286 | 407,493 | 5,108,264 | 5,067,963 | 387,590 | 390,435 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
GIG | GVAAA2 | GVABD2 | GVAGG2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 455,527 | 168,959 | 150,662 | 207,398 | 36,278 | 44,175 | - | 62,698 | |||||||||||||||||||||||
Realized gain (loss) on investments |
519,102 | 58,499 | 163,570 | 254,258 | 36,225 | 31,152 | 599,985 | 89,082 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,075,057 | 619,621 | 1,414,573 | (24,811 | ) | (95,926 | ) | 70,222 | 812,775 | 1,836,516 | ||||||||||||||||||||||
Reinvested capital gains |
- | - | 82,456 | 1,072,347 | 10,096 | 1,426 | 311,933 | 639,200 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
2,049,686 | 847,079 | 1,811,261 | 1,509,192 | (13,327 | ) | 146,975 | 1,724,693 | 2,627,496 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
497,189 | 516,246 | 573,734 | 783,580 | 73,774 | 81,779 | 413,263 | 267,469 | ||||||||||||||||||||||||
Transfers between funds |
753,832 | (851,977 | ) | 292,981 | (1,316,883 | ) | 432,390 | 170,171 | (273,794 | ) | (263,256 | ) | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,305,369 | ) | (2,172,996 | ) | (873,180 | ) | (1,992,384 | ) | (507,323 | ) | (171,988 | ) | (1,029,636 | ) | (952,365 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(226 | ) | 244 | (11 | ) | 26 | (8 | ) | 7 | 78 | (8 | ) | ||||||||||||||||||||
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Net equity transactions |
(54,574 | ) | (2,508,483 | ) | (6,476 | ) | (2,525,661 | ) | (1,167 | ) | 79,969 | (890,089 | ) | (948,160 | ) | |||||||||||||||||
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Net change in contract owners equity |
1,995,112 | (1,661,404 | ) | 1,804,785 | (1,016,469 | ) | (14,494 | ) | 226,944 | 834,604 | 1,679,336 | |||||||||||||||||||||
Contract owners equity at beginning of period |
16,641,951 | 18,303,355 | 12,507,621 | 13,524,090 | 1,996,303 | 1,769,359 | 11,043,235 | 9,363,899 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 18,637,063 | 16,641,951 | 14,312,406 | 12,507,621 | 1,981,809 | 1,996,303 | 11,877,839 | 11,043,235 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
742,550 | 882,785 | 464,253 | 562,207 | 121,550 | 117,649 | 286,326 | 315,449 | ||||||||||||||||||||||||
Units purchased |
124,530 | 55,162 | 32,930 | 28,415 | 32,229 | 34,555 | 16,321 | 12,359 | ||||||||||||||||||||||||
Units surrendered |
(127,706 | ) | (195,397 | ) | (34,061 | ) | (126,369 | ) | (32,242 | ) | (30,654 | ) | (37,168 | ) | (41,482 | ) | ||||||||||||||||
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Ending units |
739,374 | 742,550 | 463,122 | 464,253 | 121,537 | 121,550 | 265,479 | 286,326 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
GVAGI2 | GVAGR2 | GVDMA | GVDMC | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 63,280 | 72,723 | - | 101,246 | 122,637 | 169,200 | 31,086 | 14,956 | |||||||||||||||||||||||
Realized gain (loss) on investments |
132,370 | 21,649 | 906,411 | 468,715 | 2,350,886 | 1,736,323 | 385,696 | (659,610 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
878,649 | 32,158 | 2,865,681 | 4,534,648 | 11,331,707 | 4,229,027 | 952,743 | 2,140,077 | ||||||||||||||||||||||||
Reinvested capital gains |
109,410 | 449,012 | 354,169 | 1,325,855 | 1,918,642 | 6,512,852 | 215,221 | 644,105 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,183,709 | 575,542 | 4,126,261 | 6,430,464 | 15,723,872 | 12,647,402 | 1,584,746 | 2,139,528 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
714,960 | 188,609 | 338,693 | 272,663 | 3,518,745 | 4,358,395 | 685,025 | 980,609 | ||||||||||||||||||||||||
Transfers between funds |
33,257 | (126,901 | ) | 2,208,417 | 1,307,709 | 1,964,917 | 1,121,062 | 1,565,728 | 255,138 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(569,246 | ) | (516,603 | ) | (1,722,644 | ) | (1,353,211 | ) | (7,049,437 | ) | (7,514,657 | ) | (2,043,001 | ) | (1,919,773 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(16 | ) | (21 | ) | (77 | ) | 15 | (8,187 | ) | 945 | (126 | ) | 5 | |||||||||||||||||||
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Net equity transactions |
178,955 | (454,916 | ) | 824,389 | 227,176 | (1,573,962 | ) | (2,034,255 | ) | 207,626 | (684,021 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
1,362,664 | 120,626 | 4,950,650 | 6,657,640 | 14,149,910 | 10,613,147 | 1,792,372 | 1,455,507 | ||||||||||||||||||||||||
Contract owners equity at beginning of period |
4,957,599 | 4,836,973 | 19,440,206 | 12,782,566 | 116,794,221 | 106,181,074 | 23,247,069 | 21,791,562 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 6,320,263 | 4,957,599 | 24,390,856 | 19,440,206 | 130,944,131 | 116,794,221 | 25,039,441 | 23,247,069 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
174,770 | 192,818 | 401,827 | 400,269 | 3,367,702 | 3,434,675 | 908,828 | 920,683 | ||||||||||||||||||||||||
Units purchased |
21,839 | 6,994 | 49,865 | 43,327 | 223,496 | 313,680 | 133,995 | 207,517 | ||||||||||||||||||||||||
Units surrendered |
(16,410 | ) | (25,042 | ) | (36,865 | ) | (41,769 | ) | (264,791 | ) | (380,653 | ) | (123,942 | ) | (219,372 | ) | ||||||||||||||||
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Ending units |
180,199 | 174,770 | 414,827 | 401,827 | 3,326,407 | 3,367,702 | 918,881 | 908,828 | ||||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
GVEX1 | GVIDA | GVIDC | GVIDM | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 346,191 | 182,448 | 18,124 | 47,958 | 23,853 | (190 | ) | 113,033 | 63,433 | ||||||||||||||||||||||
Realized gain (loss) on investments |
518,186 | 290,572 | 722,024 | (435,580 | ) | 243,733 | (34,273 | ) | 756,145 | 621,021 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
2,747,935 | 998,877 | 5,478,546 | 2,754,168 | 104,688 | 911,200 | 6,266,233 | 2,809,058 | ||||||||||||||||||||||||
Reinvested capital gains |
111,702 | 170,222 | 865,707 | 2,607,851 | 110,760 | 150,171 | 945,175 | 4,213,803 | ||||||||||||||||||||||||
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|
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
3,724,014 | 1,642,119 | 7,084,401 | 4,974,397 | 483,034 | 1,026,908 | 8,080,586 | 7,707,315 | ||||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
269,815 | 544,137 | 1,574,209 | 1,483,360 | 570,142 | 654,008 | 933,305 | 2,276,424 | ||||||||||||||||||||||||
Transfers between funds |
3,778,179 | 1,847,619 | 3,090,459 | (197,252 | ) | 1,618,247 | 2,142,717 | (121,319 | ) | 2,221,853 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(922,314 | ) | (630,477 | ) | (2,619,449 | ) | (3,513,497 | ) | (721,806 | ) | (1,316,537 | ) | (5,982,738 | ) | (5,147,796 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(6 | ) | (2 | ) | (1,779 | ) | 261 | (6 | ) | 38 | (167 | ) | 25 | |||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
3,125,674 | 1,761,277 | 2,043,440 | (2,227,128 | ) | 1,466,577 | 1,480,226 | (5,170,919 | ) | (649,494 | ) | |||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
6,849,688 | 3,403,396 | 9,127,841 | 2,747,269 | 1,949,611 | 2,507,134 | 2,909,667 | 7,057,821 | ||||||||||||||||||||||||
Contract owners equity at beginning of period |
10,882,142 | 7,478,746 | 45,170,734 | 42,423,465 | 16,784,610 | 14,277,476 | 81,778,533 | 74,720,712 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 17,731,830 | 10,882,142 | 54,298,575 | 45,170,734 | 18,734,221 | 16,784,610 | 84,688,200 | 81,778,533 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
399,563 | 324,557 | 1,229,338 | 1,302,019 | 804,038 | 728,384 | 2,723,052 | 2,741,076 | ||||||||||||||||||||||||
Units purchased |
141,588 | 101,759 | 158,954 | 106,707 | 205,111 | 182,046 | 303,921 | 274,960 | ||||||||||||||||||||||||
Units surrendered |
(33,966 | ) | (26,753 | ) | (107,704 | ) | (179,388 | ) | (135,200 | ) | (106,392 | ) | (471,336 | ) | (292,984 | ) | ||||||||||||||||
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Ending units |
507,185 | 399,563 | 1,280,588 | 1,229,338 | 873,949 | 804,038 | 2,555,637 | 2,723,052 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
GVIX2 | HIBF | IDPG | IDPGI | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 106,958 | 80,346 | 1,048,529 | 1,098,177 | 1,315 | 18 | 43 | 10 | |||||||||||||||||||||||
Realized gain (loss) on investments |
70,451 | (24,353 | ) | (24,096 | ) | (101,296 | ) | 6,403 | (135 | ) | 57 | (1 | ) | |||||||||||||||||||
Change in unrealized gain (loss) on investments |
207,293 | 203,770 | 30,163 | 34,387 | 15,686 | 563 | 411 | 301 | ||||||||||||||||||||||||
Reinvested capital gains |
- | 105,317 | - | - | 11,314 | 265 | 231 | 90 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
384,702 | 365,080 | 1,054,596 | 1,031,268 | 34,718 | 711 | 742 | 400 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
102,890 | 133,018 | 259,099 | 261,729 | 576 | 576 | 317 | 202 | ||||||||||||||||||||||||
Transfers between funds |
(265,164 | ) | 513,131 | 875,529 | (1,817,747 | ) | 271,194 | - | 1,206 | 535 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(61,218 | ) | (100,761 | ) | (1,310,578 | ) | (1,051,336 | ) | (5,829 | ) | (5,535 | ) | (665 | ) | (375 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(4 | ) | (6 | ) | (1,243 | ) | 22 | (11 | ) | (3 | ) | (6 | ) | (1 | ) | |||||||||||||||||
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Net equity transactions |
(223,496 | ) | 545,382 | (177,193 | ) | (2,607,332 | ) | 265,930 | (4,962 | ) | 852 | 361 | ||||||||||||||||||||
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Net change in contract owners equity |
161,206 | 910,462 | 877,403 | (1,576,064 | ) | 300,648 | (4,251 | ) | 1,594 | 761 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
3,935,044 | 3,024,582 | 22,064,177 | 23,640,241 | 15,308 | 19,559 | 8,449 | 7,688 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 4,096,250 | 3,935,044 | 22,941,580 | 22,064,177 | 315,956 | 15,308 | 10,043 | 8,449 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
301,848 | 249,031 | 608,700 | 689,566 | 1,075 | 1,464 | 628 | 599 | ||||||||||||||||||||||||
Units purchased |
25,023 | 74,251 | 123,808 | 36,822 | 19,130 | 128 | 119 | 59 | ||||||||||||||||||||||||
Units surrendered |
(42,587 | ) | (21,434 | ) | (121,561 | ) | (117,688 | ) | (454 | ) | (517 | ) | (54 | ) | (30 | ) | ||||||||||||||||
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Ending units |
284,284 | 301,848 | 610,947 | 608,700 | 19,751 | 1,075 | 693 | 628 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
MCIF | MSBF | NCPG | NCPGI | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1,519,363 | 1,088,960 | 606,698 | 338,070 | 497 | 1,268 | 68 | 116 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,777,391 | (4,765,478 | ) | 25,811 | (151,837 | ) | 1,341 | (266 | ) | 26 | 19 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
23,298,739 | 12,688,213 | (91,741 | ) | 127,054 | 17,010 | 7,982 | 1,877 | 485 | |||||||||||||||||||||||
Reinvested capital gains |
2,432,651 | 5,249,551 | - | - | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
29,028,144 | 14,261,246 | 540,768 | 313,287 | 18,848 | 8,984 | 1,971 | 620 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
3,355,523 | 3,242,262 | 242,102 | 267,217 | 7,356 | 58,058 | 576 | 488 | ||||||||||||||||||||||||
Transfers between funds |
(1,189,016 | ) | (5,197,849 | ) | 452,769 | (355,601 | ) | (557 | ) | (881 | ) | - | 18,423 | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(6,302,414 | ) | (5,670,127 | ) | (679,341 | ) | (811,208 | ) | 81,152 | (92,695 | ) | (487 | ) | (5,158 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(189 | ) | (622 | ) | (4 | ) | (18 | ) | (7 | ) | 5 | (4 | ) | 4 | ||||||||||||||||||
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Net equity transactions |
(4,136,096 | ) | (7,626,336 | ) | 15,526 | (899,610 | ) | 87,944 | (35,513 | ) | 85 | 13,757 | ||||||||||||||||||||
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Net change in contract owners equity |
24,892,048 | 6,634,910 | 556,294 | (586,323 | ) | 106,792 | (26,529 | ) | 2,056 | 14,377 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
123,638,238 | 117,003,328 | 10,564,120 | 11,150,443 | 92,776 | 119,305 | 19,227 | 4,850 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 148,530,286 | 123,638,238 | 11,120,414 | 10,564,120 | 199,568 | 92,776 | 21,283 | 19,227 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
1,913,851 | 2,062,940 | 379,112 | 416,531 | 6,631 | 9,171 | 1,448 | 385 | ||||||||||||||||||||||||
Units purchased |
213,775 | 179,394 | 42,819 | 20,999 | 6,441 | 5,809 | 41 | 1,479 | ||||||||||||||||||||||||
Units surrendered |
(317,691 | ) | (328,483 | ) | (43,524 | ) | (58,418 | ) | (744 | ) | (8,349 | ) | (34 | ) | (416 | ) | ||||||||||||||||
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Ending units |
1,809,935 | 1,913,851 | 378,407 | 379,112 | 12,328 | 6,631 | 1,455 | 1,448 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NJMMA2 | NJMMAY | NVAMV1 | NVAMVX | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (10 | ) | 38 | 21,713 | 1,033 | 485,719 | 552,932 | 335,221 | 235,645 | ||||||||||||||||||||||
Realized gain (loss) on investments |
1,505 | 76 | 432 | 41 | 517,113 | (256,804 | ) | 927,611 | 16,917 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,559 | ) | 1,559 | 11,036 | 30,876 | 10,465,218 | (1,296,221 | ) | 5,729,585 | 2,797,271 | ||||||||||||||||||||||
Reinvested capital gains |
- | - | 28,379 | 2,530 | - | 907,118 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(64 | ) | 1,673 | 61,560 | 34,480 | 11,468,050 | (92,975 | ) | 6,992,417 | 3,049,833 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
- | - | - | - | 2,373 | 725,220 | 1,161,968 | 376,175 | ||||||||||||||||||||||||
Transfers between funds |
(54,779 | ) | 53,840 | 974 | 749,579 | (2,020,475 | ) | (3,526,019 | ) | 440,104 | 16,970,200 | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(153 | ) | (517 | ) | (7,947 | ) | (3,600 | ) | (3,435,138 | ) | (2,681,363 | ) | (783,725 | ) | (63,693 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(4 | ) | 4 | (3 | ) | - | (260 | ) | 283 | 11 | 24 | |||||||||||||||||||||
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Net equity transactions |
(54,936 | ) | 53,327 | (6,976 | ) | 745,979 | (5,453,500 | ) | (5,481,879 | ) | 818,358 | 17,282,706 | ||||||||||||||||||||
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Net change in contract owners equity |
(55,000 | ) | 55,000 | 54,584 | 780,459 | 6,014,550 | (5,574,854 | ) | 7,810,775 | 20,332,539 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
55,000 | - | 780,459 | - | 35,592,148 | 41,167,002 | 20,332,539 | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | - | 55,000 | 835,043 | 780,459 | 41,606,698 | 35,592,148 | 28,143,314 | 20,332,539 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
5,403 | - | 76,088 | - | 990,802 | 1,163,109 | 1,715,353 | - | ||||||||||||||||||||||||
Units purchased |
- | 5,455 | 300 | 76,448 | 3 | 31,701 | 249,745 | 1,765,470 | ||||||||||||||||||||||||
Units surrendered |
(5,403 | ) | (52 | ) | (746 | ) | (360 | ) | (129,856 | ) | (204,008 | ) | (201,796 | ) | (50,117 | ) | ||||||||||||||||
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Ending units |
- | 5,403 | 75,642 | 76,088 | 860,949 | 990,802 | 1,763,302 | 1,715,353 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVBX | NVCBD1 | NVCCA1 | NVCCN1 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 4,445,116 | 7,810,491 | 52,844 | 95,414 | 12,590 | 38,128 | 6,652 | 7,177 | |||||||||||||||||||||||
Realized gain (loss) on investments |
11,369,391 | 829,654 | 60,382 | 9,198 | 13,140 | (160,564 | ) | 106,458 | (40,914 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(21,291,810 | ) | 16,185,049 | (232,805 | ) | 95,469 | 623,058 | 526,025 | 40,250 | 287,329 | ||||||||||||||||||||||
Reinvested capital gains |
884,372 | - | 80,805 | 8,043 | - | 149,476 | 8,833 | 8,508 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(4,592,931 | ) | 24,825,194 | (38,774 | ) | 208,124 | 648,788 | 553,065 | 162,193 | 262,100 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
370,058 | 695,854 | 100,171 | 95,631 | 354,169 | 541,289 | 310,452 | 495,423 | ||||||||||||||||||||||||
Transfers between funds |
(135,855,424 | ) | 63,671,822 | (518,813 | ) | 1,054,776 | (324,464 | ) | (758,610 | ) | (491,859 | ) | 970,204 | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(4,411,780 | ) | (10,478,321 | ) | (575,657 | ) | (245,092 | ) | (294,127 | ) | 85,238 | (323,222 | ) | (421,698 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(250 | ) | 114 | (7 | ) | 6 | 6 | (1 | ) | (2 | ) | 19 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(139,897,396 | ) | 53,889,469 | (994,306 | ) | 905,321 | (264,416 | ) | (132,084 | ) | (504,631 | ) | 1,043,948 | |||||||||||||||||||
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Net change in contract owners equity |
(144,490,327 | ) | 78,714,663 | (1,033,080 | ) | 1,113,445 | 384,372 | 420,981 | (342,438 | ) | 1,306,048 | |||||||||||||||||||||
Contract owners equity at beginning of period |
381,622,725 | 302,908,062 | 3,724,668 | 2,611,223 | 4,477,882 | 4,056,901 | 4,303,945 | 2,997,897 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 237,132,398 | 381,622,725 | 2,691,588 | 3,724,668 | 4,862,254 | 4,477,882 | 3,961,507 | 4,303,945 | |||||||||||||||||||||||
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|
|
|
|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
30,603,276 | 22,483,412 | 214,351 | 160,810 | 207,791 | 209,609 | 251,827 | 189,973 | ||||||||||||||||||||||||
Units purchased |
1,951,832 | 9,883,886 | 10,599 | 69,889 | 21,978 | 66,753 | 36,170 | 111,989 | ||||||||||||||||||||||||
Units surrendered |
(13,115,342 | ) | (1,764,022 | ) | (68,441 | ) | (16,348 | ) | (34,849 | ) | (68,571 | ) | (66,451 | ) | (50,135 | ) | ||||||||||||||||
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|||||||||||||||||
Ending units |
19,439,766 | 30,603,276 | 156,509 | 214,351 | 194,920 | 207,791 | 221,546 | 251,827 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVCMA1 | NVCMC1 | NVCMD1 | NVCRA1 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 20,596 | 76,134 | 5,569 | 11,606 | 24,346 | 61,412 | 6,619 | 31,919 | |||||||||||||||||||||||
Realized gain (loss) on investments |
(83,720 | ) | (179,273 | ) | 182,043 | (52,199 | ) | (55,674 | ) | (129,886 | ) | 201,672 | (65,901 | ) | ||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,479,292 | 820,087 | (3,944 | ) | 253,462 | 1,212,242 | 694,991 | 458,561 | 462,745 | |||||||||||||||||||||||
Reinvested capital gains |
- | 151,940 | 566 | 15,036 | - | 216,212 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
1,416,168 | 868,888 | 184,234 | 227,905 | 1,180,914 | 842,729 | 666,852 | 428,763 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
294,610 | 246,557 | 292,447 | 353,100 | 628,642 | 960,761 | 424,154 | 581,475 | ||||||||||||||||||||||||
Transfers between funds |
652,297 | (321,719 | ) | (805,662 | ) | 331,933 | 1,467,628 | (258,313 | ) | (32,623 | ) | (161,018 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(402,509 | ) | (219,871 | ) | (282,410 | ) | (360,055 | ) | (777,440 | ) | (473,462 | ) | (395,625 | ) | (590,289 | ) | ||||||||||||||||
Adjustments to maintain reserves |
15 | (8 | ) | (31 | ) | (4 | ) | (21 | ) | 36 | (29 | ) | 23 | |||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
544,413 | (295,041 | ) | (795,656 | ) | 324,974 | 1,318,809 | 229,022 | (4,123 | ) | (169,809 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
1,960,581 | 573,847 | (611,422 | ) | 552,879 | 2,499,723 | 1,071,751 | 662,729 | 258,954 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
7,741,165 | 7,167,318 | 2,877,906 | 2,325,027 | 8,530,891 | 7,459,140 | 3,304,285 | 3,045,331 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 9,701,746 | 7,741,165 | 2,266,484 | 2,877,906 | 11,030,614 | 8,530,891 | 3,967,014 | 3,304,285 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
347,047 | 360,913 | 151,816 | 133,143 | 396,875 | 388,182 | 143,568 | 149,689 | ||||||||||||||||||||||||
Units purchased |
38,891 | 17,750 | 17,250 | 45,662 | 111,042 | 51,398 | 27,673 | 35,013 | ||||||||||||||||||||||||
Units surrendered |
(26,860 | ) | (31,616 | ) | (59,730 | ) | (26,989 | ) | (53,363 | ) | (42,705 | ) | (29,335 | ) | (41,134 | ) | ||||||||||||||||
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Ending units |
359,078 | 347,047 | 109,336 | 151,816 | 454,554 | 396,875 | 141,906 | 143,568 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVCRB1 | NVDBL2 | NVDCA2 | NVDCAP | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 16,096 | 35,731 | 4,025 | 2,410 | 1,252 | 1,419 | 724 | - | |||||||||||||||||||||||
Realized gain (loss) on investments |
170,035 | (301,539 | ) | 27,209 | 1,124 | 16,192 | (6,971 | ) | 1,782 | 12 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
511,459 | 725,606 | 106,762 | 122,028 | 58,657 | 45,461 | 16,221 | 11,951 | ||||||||||||||||||||||||
Reinvested capital gains |
- | 75,031 | 19,122 | 53,162 | 11,172 | 45,973 | 3,012 | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
697,590 | 534,829 | 157,118 | 178,724 | 87,273 | 85,882 | 21,739 | 11,963 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
729,051 | 1,072,608 | 53,419 | 65,185 | 2,631 | 21,495 | 71,532 | 4,892 | ||||||||||||||||||||||||
Transfers between funds |
323,995 | (1,057,179 | ) | (100,317 | ) | 87,045 | (6,014 | ) | (62,432 | ) | 9,075 | 142,696 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(454,597 | ) | (725,745 | ) | (301,423 | ) | (83,487 | ) | (146,086 | ) | (44,718 | ) | (2,211 | ) | 368 | |||||||||||||||||
Adjustments to maintain reserves |
(8 | ) | (10 | ) | 12 | (6 | ) | (2 | ) | 21 | 4 | (2 | ) | |||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
598,441 | (710,326 | ) | (348,309 | ) | 68,737 | (149,471 | ) | (85,634 | ) | 78,400 | 147,954 | ||||||||||||||||||||
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Net change in contract owners equity |
1,296,031 | (175,497 | ) | (191,191 | ) | 247,461 | (62,198 | ) | 248 | 100,139 | 159,917 | |||||||||||||||||||||
Contract owners equity at beginning of period |
6,423,916 | 6,599,413 | 2,157,666 | 1,910,205 | 802,530 | 802,282 | 159,917 | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 7,719,947 | 6,423,916 | 1,966,475 | 2,157,666 | 740,332 | 802,530 | 260,056 | 159,917 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
319,254 | 362,954 | 91,065 | 88,203 | 27,253 | 30,410 | 14,775 | - | ||||||||||||||||||||||||
Units purchased |
63,819 | 78,980 | 2,384 | 7,384 | 164 | 1,176 | 7,203 | 14,844 | ||||||||||||||||||||||||
Units surrendered |
(39,334 | ) | (122,680 | ) | (16,774 | ) | (4,522 | ) | (5,002 | ) | (4,333 | ) | (597 | ) | (69 | ) | ||||||||||||||||
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Ending units |
343,739 | 319,254 | 76,675 | 91,065 | 22,415 | 27,253 | 21,381 | 14,775 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVFIII | NVGEII | NVIDMP | NVIE6 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1,447 | 2,877 | 909 | 441 | 13,644 | - | 5,351 | 1,774 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,841 | 4,314 | 4,215 | 1,078 | 21,660 | - | 1,735 | 1,022 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(7,363 | ) | 2,537 | 6,225 | 3,797 | 160,669 | 42,497 | 18,991 | 11,845 | |||||||||||||||||||||||
Reinvested capital gains |
44 | 445 | 43 | 1 | 37,375 | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(4,031 | ) | 10,173 | 11,392 | 5,317 | 233,348 | 42,497 | 26,077 | 14,641 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
2,692 | 4,070 | 1,121 | 586 | 1,271,010 | 241,878 | - | - | ||||||||||||||||||||||||
Transfers between funds |
(81,002 | ) | 162,423 | 40,521 | 29,821 | 1,234,392 | 739,913 | - | - | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(5,952 | ) | (46,531 | ) | (9,259 | ) | (16,464 | ) | (14,082 | ) | 32,123 | (4,182 | ) | (4,166 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(5 | ) | 2 | (3 | ) | 1 | (2 | ) | 3 | (1 | ) | 2 | ||||||||||||||||||||
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Net equity transactions |
(84,267 | ) | 119,964 | 32,380 | 13,944 | 2,491,318 | 1,013,917 | (4,183 | ) | (4,164 | ) | |||||||||||||||||||||
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Net change in contract owners equity |
(88,298 | ) | 130,137 | 43,772 | 19,261 | 2,724,666 | 1,056,414 | 21,894 | 10,477 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
251,187 | 121,050 | 37,771 | 18,510 | 1,056,414 | - | 211,067 | 200,590 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 162,889 | 251,187 | 81,543 | 37,771 | 3,781,080 | 1,056,414 | 232,961 | 211,067 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
22,193 | 11,457 | 3,002 | 1,703 | 98,504 | - | 16,029 | 16,404 | ||||||||||||||||||||||||
Units purchased |
252 | 15,124 | 2,946 | 2,785 | 274,302 | 101,291 | - | - | ||||||||||||||||||||||||
Units surrendered |
(7,756 | ) | (4,388 | ) | (630 | ) | (1,486 | ) | (53,567 | ) | (2,787 | ) | (289 | ) | (375 | ) | ||||||||||||||||
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Ending units |
14,689 | 22,193 | 5,318 | 3,002 | 319,239 | 98,504 | 15,740 | 16,029 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVIX | NVLCP1 | NVMIG1 | NVMIVX | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1,008,154 | 606,795 | 107,370 | 62,926 | 90,284 | 170,143 | 183,866 | - | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,196,262 | (1,320,444 | ) | 28,615 | 16,930 | 101,065 | (78,775 | ) | 64,063 | 9,767 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
1,274,525 | 2,352,195 | (232,546 | ) | 100,316 | (1,163,532 | ) | 2,182,052 | 282,650 | 762,468 | ||||||||||||||||||||||
Reinvested capital gains |
- | 713,044 | 83,668 | - | 766,862 | 5,313,125 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
3,478,941 | 2,351,590 | (12,893 | ) | 180,172 | (205,321 | ) | 7,586,545 | 530,579 | 772,235 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
779,602 | 1,099,380 | 50,258 | 79,324 | 571,967 | 560,692 | 211,955 | 31,381 | ||||||||||||||||||||||||
Transfers between funds |
2,504,892 | 1,233,268 | 3,479,535 | 63,078 | 603,928 | (267,728 | ) | 78,721 | 4,450,741 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,135,818 | ) | (2,039,561 | ) | (105,026 | ) | (76,236 | ) | (1,515,677 | ) | (1,429,738 | ) | (261,356 | ) | (204,300 | ) | ||||||||||||||||
Adjustments to maintain reserves |
35 | (21 | ) | 13 | (12 | ) | (21 | ) | (200 | ) | (2 | ) | 4 | |||||||||||||||||||
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Net equity transactions |
2,148,711 | 293,066 | 3,424,780 | 66,154 | (339,803 | ) | (1,136,974 | ) | 29,318 | 4,277,826 | ||||||||||||||||||||||
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Net change in contract owners equity |
5,627,652 | 2,644,656 | 3,411,887 | 246,326 | (545,124 | ) | 6,449,571 | 559,897 | 5,050,061 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
30,959,979 | 28,315,323 | 2,277,107 | 2,030,781 | 22,475,770 | 16,026,199 | 5,050,061 | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 36,587,631 | 30,959,979 | 5,688,994 | 2,277,107 | 21,930,646 | 22,475,770 | 5,609,958 | 5,050,061 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,414,968 | 2,374,544 | 120,503 | 117,469 | 1,114,827 | 1,200,666 | 428,631 | - | ||||||||||||||||||||||||
Units purchased |
519,057 | 689,438 | 203,987 | 19,404 | 69,920 | 48,444 | 28,391 | 436,313 | ||||||||||||||||||||||||
Units surrendered |
(358,969 | ) | (649,014 | ) | (21,237 | ) | (16,370 | ) | (85,064 | ) | (134,283 | ) | (26,422 | ) | (7,682 | ) | ||||||||||||||||
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Ending units |
2,575,056 | 2,414,968 | 303,253 | 120,503 | 1,099,683 | 1,114,827 | 430,600 | 428,631 | ||||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVMLG1 | NVMMG1 | NVMMV1 | NVMMV2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (4,823 | ) | (4,505 | ) | 74,285 | (4,601 | ) | 76,761 | 149,633 | 94,331 | 224,835 | ||||||||||||||||||||
Realized gain (loss) on investments |
(249,976 | ) | (792,024 | ) | 1,800,677 | (246,078 | ) | 121,464 | (2,411,497 | ) | (607,427 | ) | (860,941 | ) | ||||||||||||||||||
Change in unrealized gain (loss) on investments |
3,628,322 | (2,510,313 | ) | (13,522,538 | ) | 18,764,097 | 1,619,759 | 2,243,367 | 3,314,227 | 388,016 | ||||||||||||||||||||||
Reinvested capital gains |
3,475,283 | 7,477,665 | 8,510,810 | 6,719,538 | - | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
6,848,806 | 4,170,823 | (3,136,766 | ) | 25,232,956 | 1,817,984 | (18,497 | ) | 2,801,131 | (248,090 | ) | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
311,349 | 457,992 | 1,637,227 | 1,187,727 | 1,030,639 | 1,288,891 | 380,975 | 291,640 | ||||||||||||||||||||||||
Transfers between funds |
229,095 | (997,888 | ) | (1,766,712 | ) | 2,151,786 | 332,894 | (1,333,082 | ) | (32,832 | ) | (242,215 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,104,754 | ) | (1,075,419 | ) | (4,492,820 | ) | (3,485,271 | ) | (826,044 | ) | (681,068 | ) | (2,171,081 | ) | (887,763 | ) | ||||||||||||||||
Adjustments to maintain reserves |
34 | 70 | 49 | 23 | (22 | ) | (7 | ) | 1 | (7 | ) | |||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(564,276 | ) | (1,615,245 | ) | (4,622,256 | ) | (145,735 | ) | 537,467 | (725,266 | ) | (1,822,937 | ) | (838,345 | ) | |||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
6,284,530 | 2,555,578 | (7,759,022 | ) | 25,087,221 | 2,355,451 | (743,763 | ) | 978,194 | (1,086,435 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
17,642,372 | 15,086,794 | 68,167,277 | 43,080,056 | 8,001,705 | 8,745,468 | 12,228,172 | 13,314,607 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 23,926,902 | 17,642,372 | 60,408,255 | 68,167,277 | 10,357,156 | 8,001,705 | 13,206,366 | 12,228,172 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
487,140 | 542,567 | 1,518,258 | 1,543,482 | 302,109 | 326,265 | 464,832 | 500,340 | ||||||||||||||||||||||||
Units purchased |
25,807 | 52,530 | 112,065 | 116,002 | 76,779 | 75,064 | 16,563 | 18,902 | ||||||||||||||||||||||||
Units surrendered |
(42,517 | ) | (107,957 | ) | (218,922 | ) | (141,226 | ) | (63,994 | ) | (99,220 | ) | (76,597 | ) | (54,410 | ) | ||||||||||||||||
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Ending units |
470,430 | 487,140 | 1,411,401 | 1,518,258 | 314,894 | 302,109 | 404,798 | 464,832 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVNMO1 | NVNSR1 | NVOLG1 | NVRE1 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 64,064 | 72,582 | 1,618 | 1,273 | 1,476,995 | 2,488,042 | 387,195 | 431,071 | |||||||||||||||||||||||
Realized gain (loss) on investments |
691,433 | 284,603 | 5,519 | (7,090 | ) | 5,127,906 | 1,829,411 | 1,320,551 | (1,135,355 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
3,747,059 | 458,792 | 20,172 | 9,121 | 51,367,793 | 9,974,154 | 12,035,299 | (1,240,836 | ) | |||||||||||||||||||||||
Reinvested capital gains |
424,925 | 1,425,087 | 22,775 | 11,260 | 3,897,469 | 18,809,132 | - | 138,145 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
4,927,481 | 2,241,064 | 50,084 | 14,564 | 61,870,163 | 33,100,739 | 13,743,045 | (1,806,975 | ) | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
390,689 | 377,099 | 7,688 | 10,703 | 4,458,810 | 4,559,948 | 937,741 | 836,049 | ||||||||||||||||||||||||
Transfers between funds |
(61,327 | ) | (402,375 | ) | 410,999 | (33,526 | ) | 79,353,521 | (2,421,795 | ) | 2,447,909 | 690,183 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,844,108 | ) | (1,458,213 | ) | (16,893 | ) | (27,945 | ) | (19,537,507 | ) | (14,479,175 | ) | (2,972,508 | ) | (2,457,049 | ) | ||||||||||||||||
Adjustments to maintain reserves |
4 | (24 | ) | 5 | (12 | ) | 155 | (538 | ) | 54 | 10 | |||||||||||||||||||||
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Net equity transactions |
(1,514,742 | ) | (1,483,513 | ) | 401,799 | (50,780 | ) | 64,274,979 | (12,341,560 | ) | 413,196 | (930,807 | ) | |||||||||||||||||||
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Net change in contract owners equity |
3,412,739 | 757,551 | 451,883 | (36,216 | ) | 126,145,142 | 20,759,179 | 14,156,241 | (2,737,782 | ) | ||||||||||||||||||||||
Contract owners equity at beginning of period |
19,262,259 | 18,504,708 | 179,085 | 215,301 | 207,291,349 | 186,532,170 | 29,813,361 | 32,551,143 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 22,674,998 | 19,262,259 | 630,968 | 179,085 | 333,436,491 | 207,291,349 | 43,969,602 | 29,813,361 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
682,661 | 744,674 | 6,144 | 8,372 | 3,865,693 | 4,099,182 | 1,317,987 | 1,372,936 | ||||||||||||||||||||||||
Units purchased |
16,330 | 21,704 | 12,098 | 822 | 1,219,812 | 185,573 | 115,223 | 99,027 | ||||||||||||||||||||||||
Units surrendered |
(64,079 | ) | (83,717 | ) | (1,056 | ) | (3,050 | ) | (368,081 | ) | (419,062 | ) | (150,158 | ) | (153,976 | ) | ||||||||||||||||
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Ending units |
634,912 | 682,661 | 17,186 | 6,144 | 4,717,424 | 3,865,693 | 1,283,052 | 1,317,987 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVSIX2 | NVSIXD | NVSTB1 | NVSTB2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 20,202 | 11,149 | 317 | - | 1,897,525 | 3,397,445 | 22,121 | 52,051 | |||||||||||||||||||||||
Realized gain (loss) on investments |
(132,291 | ) | (64,530 | ) | (57 | ) | - | (186,551 | ) | 947,566 | 24,870 | 4,759 | ||||||||||||||||||||
Change in unrealized gain (loss) on investments |
298,928 | 264,489 | (80 | ) | - | (2,614,329 | ) | 6,065 | (57,708 | ) | 29,152 | |||||||||||||||||||||
Reinvested capital gains |
37,029 | 55,242 | 151 | - | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
223,868 | 266,350 | 331 | - | (903,355 | ) | 4,351,076 | (10,717 | ) | 85,962 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
102,583 | 77,702 | 8,599 | - | 979,106 | 216,687 | 117,323 | 294,529 | ||||||||||||||||||||||||
Transfers between funds |
763,609 | 131,439 | 19,770 | - | 131,225,358 | (70,529,302 | ) | (980,423 | ) | 468,450 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(111,179 | ) | (31,050 | ) | (285 | ) | - | (3,194,562 | ) | (4,758,602 | ) | (278,644 | ) | (552,485 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(2 | ) | 11 | (1 | ) | - | 356 | (6,762 | ) | 2 | 4 | |||||||||||||||||||||
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Net equity transactions |
755,011 | 178,102 | 28,083 | - | 129,010,258 | (75,077,979 | ) | (1,141,742 | ) | 210,498 | ||||||||||||||||||||||
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Net change in contract owners equity |
978,879 | 444,452 | 28,414 | - | 128,106,903 | (70,726,903 | ) | (1,152,459 | ) | 296,460 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
1,557,624 | 1,113,172 | - | - | 32,108,328 | 102,835,231 | 3,237,618 | 2,941,158 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 2,536,503 | 1,557,624 | 28,414 | - | 160,215,231 | 32,108,328 | 2,085,159 | 3,237,618 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
67,903 | 57,737 | - | - | 2,453,537 | 8,069,491 | 251,284 | 234,739 | ||||||||||||||||||||||||
Units purchased |
37,555 | 12,779 | 1,584 | - | 10,249,217 | 132,014 | 19,830 | 60,617 | ||||||||||||||||||||||||
Units surrendered |
(4,377 | ) | (2,613 | ) | (16 | ) | - | (452,901 | ) | (5,747,968 | ) | (108,317 | ) | (44,072 | ) | |||||||||||||||||
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Ending units |
101,081 | 67,903 | 1,568 | - | 12,249,853 | 2,453,537 | 162,797 | 251,284 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVTIV3 | SAM | SAM5 | SCF | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 21,223 | 12,733 | (19 | ) | 102,816 | (388,051 | ) | 176,094 | (29,033 | ) | (20,161 | ) | |||||||||||||||||||
Realized gain (loss) on investments |
(27 | ) | (47,967 | ) | - | - | - | - | 255,484 | (3,247,065 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
65,644 | 62,618 | - | - | - | - | 14,384,031 | 10,469,700 | ||||||||||||||||||||||||
Reinvested capital gains |
- | - | - | - | - | - | 612,629 | 1,683,638 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
86,840 | 27,384 | (19 | ) | 102,816 | (388,051 | ) | 176,094 | 15,223,111 | 8,886,112 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
- | 14,555 | 4,076,430 | 3,479,403 | 54,261,946 | 45,559,035 | 806,493 | 761,450 | ||||||||||||||||||||||||
Transfers between funds |
(5,465 | ) | (223,804 | ) | (878,909 | ) | 5,211,486 | 5,129,098 | (11,776,647 | ) | 2,450,867 | (2,167,601 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(47,567 | ) | (75,766 | ) | (6,289,410 | ) | (13,919,451 | ) | (21,610,484 | ) | (32,005,043 | ) | (3,395,162 | ) | (2,298,749 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(2 | ) | 5 | 167,710 | (410 | ) | (170 | ) | 453 | (2,476 | ) | 544 | ||||||||||||||||||||
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Net equity transactions |
(53,034 | ) | (285,010 | ) | (2,924,179 | ) | (5,228,972 | ) | 37,780,390 | 1,777,798 | (140,278 | ) | (3,704,356 | ) | ||||||||||||||||||
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Net change in contract owners equity |
33,806 | (257,626 | ) | (2,924,198 | ) | (5,126,156 | ) | 37,392,339 | 1,953,892 | 15,082,833 | 5,181,756 | |||||||||||||||||||||
Contract owners equity at beginning of period |
837,364 | 1,094,990 | 38,495,066 | 43,621,222 | 225,619,161 | 223,665,269 | 49,314,100 | 44,132,344 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 871,170 | 837,364 | 35,570,868 | 38,495,066 | 263,011,500 | 225,619,161 | 64,396,933 | 49,314,100 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
43,969 | 60,476 | 2,592,546 | 2,945,259 | 19,122,843 | 18,952,580 | 712,462 | 795,273 | ||||||||||||||||||||||||
Units purchased |
- | 1,176 | 353,165 | 691,318 | 11,433,316 | 8,469,222 | 201,320 | 36,527 | ||||||||||||||||||||||||
Units surrendered |
(2,533 | ) | (17,683 | ) | (550,136 | ) | (1,044,031 | ) | (8,364,395 | ) | (8,298,959 | ) | (269,031 | ) | (119,338 | ) | ||||||||||||||||
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Ending units |
41,436 | 43,969 | 2,395,575 | 2,592,546 | 22,191,764 | 19,122,843 | 644,751 | 712,462 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
SCGF | SCVF | TRF | AMCG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (23,543 | ) | (18,326 | ) | (17,413 | ) | 13,252 | 398,219 | 504,059 | (4,715 | ) | (3,856 | ) | ||||||||||||||||||
Realized gain (loss) on investments |
1,088,517 | (42,131 | ) | (2,193,507 | ) | (5,615,653 | ) | 1,534,412 | 13,092,184 | 196,495 | 120,627 | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(535,436 | ) | 6,829,915 | 14,131,117 | 7,369,812 | 5,837,195 | (11,660,660 | ) | (169,672 | ) | 276,758 | |||||||||||||||||||||
Reinvested capital gains |
3,063,461 | 3,545,415 | - | 159,995 | 2,367,715 | 3,261,012 | 200,971 | 70,902 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
3,592,999 | 10,314,873 | 11,920,197 | 1,927,406 | 10,137,541 | 5,196,595 | 223,079 | 464,431 | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
964,029 | 935,675 | 1,287,062 | 971,429 | 1,694,934 | 1,805,718 | 1,602 | 23,593 | ||||||||||||||||||||||||
Transfers between funds |
(1,294,531 | ) | (2,043,890 | ) | 2,340,974 | (339,380 | ) | 105,064 | (32,634,083 | ) | (61,389 | ) | (466,407 | ) | ||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,374,527 | ) | (1,480,174 | ) | (3,712,626 | ) | (2,059,820 | ) | (4,746,369 | ) | (4,250,105 | ) | (153,902 | ) | (175,498 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(60 | ) | 68 | (22 | ) | (169 | ) | (28,104 | ) | 2,652 | (2,345 | ) | (8,719 | ) | ||||||||||||||||||
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Net equity transactions |
(1,705,089 | ) | (2,588,321 | ) | (84,612 | ) | (1,427,940 | ) | (2,974,475 | ) | (35,075,818 | ) | (216,034 | ) | (627,031 | ) | ||||||||||||||||
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Net change in contract owners equity |
1,887,910 | 7,726,552 | 11,835,585 | 499,466 | 7,163,066 | (29,879,223 | ) | 7,045 | (162,600 | ) | ||||||||||||||||||||||
Contract owners equity at beginning of period |
34,251,785 | 26,525,233 | 37,873,821 | 37,374,355 | 48,008,857 | 77,888,080 | 1,865,369 | 2,027,969 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 36,139,695 | 34,251,785 | 49,709,406 | 37,873,821 | 55,171,923 | 48,008,857 | 1,872,414 | 1,865,369 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
530,757 | 578,711 | 581,639 | 605,244 | 1,058,399 | 2,069,600 | 40,347 | 58,523 | ||||||||||||||||||||||||
Units purchased |
76,833 | 44,396 | 83,926 | 53,903 | 58,873 | 56,589 | 140 | 3,244 | ||||||||||||||||||||||||
Units surrendered |
(100,517 | ) | (92,350 | ) | (98,772 | ) | (77,508 | ) | (117,647 | ) | (1,067,790 | ) | (4,549 | ) | (21,420 | ) | ||||||||||||||||
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Ending units |
507,073 | 530,757 | 566,793 | 581,639 | 999,625 | 1,058,399 | 35,938 | 40,347 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
AMMCGS | AMRI | AMSRS | AMTB | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | - | 74 | 280 | 10,604 | 13,635 | 150,725 | 64,937 | |||||||||||||||||||||||
Realized gain (loss) on investments |
77,026 | 127,234 | 1,200 | (2,439 | ) | 132,168 | 236,305 | 31,034 | (9,346 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(76,578 | ) | 177,084 | 3,011 | 124 | 392,070 | (53,172 | ) | (164,652 | ) | 33,192 | |||||||||||||||||||||
Reinvested capital gains |
135,719 | 53,499 | - | - | 54,601 | 95,535 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
136,167 | 357,817 | 4,285 | (2,035 | ) | 589,443 | 292,303 | 17,107 | 88,783 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
21,014 | 19,583 | 256 | 5,497 | 44,767 | 46,254 | 94,858 | 73,641 | ||||||||||||||||||||||||
Transfers between funds |
(19,683 | ) | (233,440 | ) | 498 | (12,518 | ) | (138,356 | ) | (737,598 | ) | 3,567,803 | 88,198 | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(128,673 | ) | (202,288 | ) | (20,557 | ) | (452 | ) | (226,279 | ) | (236,414 | ) | (682,603 | ) | (297,916 | ) | ||||||||||||||||
Adjustments to maintain reserves |
54 | (78 | ) | (3 | ) | (2 | ) | (497 | ) | 147 | 8 | (79 | ) | |||||||||||||||||||
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Net equity transactions |
(127,288 | ) | (416,223 | ) | (19,806 | ) | (7,475 | ) | (320,365 | ) | (927,611 | ) | 2,980,066 | (136,156 | ) | |||||||||||||||||
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Net change in contract owners equity |
8,879 | (58,406 | ) | (15,521 | ) | (9,510 | ) | 269,078 | (635,308 | ) | 2,997,173 | (47,373 | ) | |||||||||||||||||||
Contract owners equity at beginning of period |
1,109,490 | 1,167,896 | 28,716 | 38,226 | 2,659,925 | 3,295,233 | 2,846,187 | 2,893,560 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,118,369 | 1,109,490 | 13,195 | 28,716 | 2,929,003 | 2,659,925 | 5,843,360 | 2,846,187 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
51,504 | 75,744 | 1,350 | 1,756 | 49,461 | 73,644 | 207,597 | 218,350 | ||||||||||||||||||||||||
Units purchased |
1,222 | 2,082 | 30 | 318 | 1,075 | 2,183 | 264,928 | 14,892 | ||||||||||||||||||||||||
Units surrendered |
(6,670 | ) | (26,322 | ) | (917 | ) | (724 | ) | (6,423 | ) | (26,366 | ) | (49,453 | ) | (25,645 | ) | ||||||||||||||||
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Ending units |
46,056 | 51,504 | 463 | 1,350 | 44,113 | 49,461 | 423,072 | 207,597 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NOTB3 | NOTG3 | NOTMG3 | PMVAAA | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 686 | 993 | 527 | 921 | 1,603 | 1,228 | 602,957 | 619,792 | |||||||||||||||||||||||
Realized gain (loss) on investments |
178 | (211 | ) | 383 | 54 | 1,193 | 78 | 124,405 | (829,352 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
4,163 | 1,181 | 5,347 | 1,561 | 13,038 | 3,978 | 64,073 | 66,099 | ||||||||||||||||||||||||
Reinvested capital gains |
- | 639 | - | - | - | 486 | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
5,027 | 2,602 | 6,257 | 2,536 | 15,834 | 5,770 | 791,435 | (143,461 | ) | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
4,606 | 3,526 | 3,456 | 3,456 | 3,540 | 3,561 | 379,779 | 265,467 | ||||||||||||||||||||||||
Transfers between funds |
15,445 | - | - | - | 1,206 | 84,110 | (390,298 | ) | (9,143,002 | ) | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(4,560 | ) | (3,383 | ) | (2,343 | ) | (2,225 | ) | (9,462 | ) | (2,946 | ) | (540,474 | ) | (784,315 | ) | ||||||||||||||||
Adjustments to maintain reserves |
3 | (4 | ) | 5 | (7 | ) | - | 5 | (14 | ) | 13 | |||||||||||||||||||||
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Net equity transactions |
15,494 | 139 | 1,118 | 1,224 | (4,716 | ) | 84,730 | (551,007 | ) | (9,661,837 | ) | |||||||||||||||||||||
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Net change in contract owners equity |
20,521 | 2,741 | 7,375 | 3,760 | 11,118 | 90,500 | 240,428 | (9,805,298 | ) | |||||||||||||||||||||||
Contract owners equity at beginning of period |
49,013 | 46,272 | 50,011 | 46,251 | 147,710 | 57,210 | 5,194,505 | 14,999,803 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 69,534 | 49,013 | 57,386 | 50,011 | 158,828 | 147,710 | 5,434,933 | 5,194,505 | |||||||||||||||||||||||
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CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
3,627 | 3,618 | 3,592 | 3,493 | 10,474 | 4,296 | 214,380 | 675,872 | ||||||||||||||||||||||||
Units purchased |
1,462 | 280 | 230 | 275 | 355 | 6,447 | 39,523 | 33,935 | ||||||||||||||||||||||||
Units surrendered |
(347 | ) | (271 | ) | (157 | ) | (176 | ) | (681 | ) | (269 | ) | (60,377 | ) | (495,427 | ) | ||||||||||||||||
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Ending units |
4,742 | 3,627 | 3,665 | 3,592 | 10,148 | 10,474 | 193,526 | 214,380 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
PMVFBA | PMVFHA | PMVGBA | PMVHYA | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 89,369 | 72,778 | 4,156 | 21,873 | 40,737 | 12,611 | 40,950 | 34,194 | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,243 | (84,463 | ) | (1,510 | ) | 3,815 | 3,967 | 5,547 | 2,102 | (20,205 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(215,883 | ) | 107,363 | (11,045 | ) | (14,315 | ) | (95,703 | ) | 48,155 | (10,821 | ) | 36,887 | |||||||||||||||||||
Reinvested capital gains |
2,631 | - | 2,370 | - | 13,166 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(122,640 | ) | 95,678 | (6,029 | ) | 11,373 | (37,833 | ) | 66,313 | 32,231 | 50,876 | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
57,837 | 65,093 | 47,185 | 16,882 | 131,648 | 72,227 | 97,780 | 1,992 | ||||||||||||||||||||||||
Transfers between funds |
8,788 | 194,779 | (42,346 | ) | (45,065 | ) | 280,220 | 10,790 | 34,769 | 224,491 | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(75,886 | ) | (324,917 | ) | (5,638 | ) | (8,928 | ) | (18,544 | ) | (12,581 | ) | (15,301 | ) | (10,184 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(8 | ) | 131 | 6 | 17 | 3 | 40 | 10 | 152 | |||||||||||||||||||||||
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Net equity transactions |
(9,269 | ) | (64,914 | ) | (793 | ) | (37,094 | ) | 393,327 | 70,476 | 117,258 | 216,451 | ||||||||||||||||||||
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Net change in contract owners equity |
(131,909 | ) | 30,764 | (6,822 | ) | (25,721 | ) | 355,494 | 136,789 | 149,489 | 267,327 | |||||||||||||||||||||
Contract owners equity at beginning of period |
1,623,712 | 1,592,948 | 376,994 | 402,715 | 623,388 | 486,599 | 869,082 | 601,755 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,491,803 | 1,623,712 | 370,172 | 376,994 | 978,882 | 623,388 | 1,018,571 | 869,082 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
104,814 | 114,171 | 32,323 | 36,396 | 53,516 | 45,894 | 73,350 | 53,595 | ||||||||||||||||||||||||
Units purchased |
27,914 | 34,034 | 12,814 | 15,054 | 42,336 | 11,795 | 18,432 | 37,268 | ||||||||||||||||||||||||
Units surrendered |
(28,847 | ) | (43,391 | ) | (12,786 | ) | (19,127 | ) | (7,997 | ) | (4,173 | ) | (8,692 | ) | (17,513 | ) | ||||||||||||||||
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Ending units |
103,881 | 104,814 | 32,351 | 32,323 | 87,855 | 53,516 | 83,090 | 73,350 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
PMVLDA | PMVLGA | PMVRRA | PMVRSA | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 158,765 | 397,380 | 283,411 | 200,578 | 2,487,665 | 602,069 | 14,245 | 8,391 | |||||||||||||||||||||||
Realized gain (loss) on investments |
274,555 | 145,589 | (1,442,857 | ) | 535,797 | 1,353,199 | 1,378,126 | 1,423 | (3,579 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(918,262 | ) | 548,008 | (3,632,420 | ) | (319,224 | ) | (1,094,737 | ) | 3,327,696 | 46,663 | (3,152 | ) | |||||||||||||||||||
Reinvested capital gains |
- | - | 3,872,848 | 67,562 | - | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(484,942 | ) | 1,090,977 | (919,018 | ) | 484,713 | 2,746,127 | 5,307,891 | 62,331 | 1,660 | ||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
633,796 | 514,430 | 12,389 | 58,718 | 652,938 | 485,293 | 7,617 | 3,029 | ||||||||||||||||||||||||
Transfers between funds |
4,480,266 | 7,528,821 | (3,102,248 | ) | 9,578,736 | 1,477,195 | 2,549,998 | 171,900 | 11,044 | |||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,552,446 | ) | (2,718,914 | ) | (230,689 | ) | (136,340 | ) | (1,059,601 | ) | (3,407,226 | ) | (10,233 | ) | (6,390 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(630 | ) | 3,101 | (568 | ) | 1,050 | (2,822 | ) | 6,218 | 2 | (1 | ) | ||||||||||||||||||||
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Net equity transactions |
3,560,986 | 5,327,438 | (3,321,116 | ) | 9,502,164 | 1,067,710 | (365,717 | ) | 169,286 | 7,682 | ||||||||||||||||||||||
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Net change in contract owners equity |
3,076,044 | 6,418,415 | (4,240,134 | ) | 9,986,877 | 3,813,837 | 4,942,174 | 231,617 | 9,342 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
41,172,809 | 34,754,394 | 18,624,770 | 8,637,893 | 52,134,936 | 47,192,762 | 150,242 | 140,900 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 44,248,853 | 41,172,809 | 14,384,636 | 18,624,770 | 55,948,773 | 52,134,936 | 381,859 | 150,242 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
2,498,735 | 2,169,008 | 870,553 | 474,406 | 2,268,920 | 2,292,172 | 23,857 | 22,676 | ||||||||||||||||||||||||
Units purchased |
634,503 | 732,619 | 17,485 | 409,896 | 306,489 | 293,085 | 22,983 | 2,560 | ||||||||||||||||||||||||
Units surrendered |
(420,053 | ) | (402,892 | ) | (181,554 | ) | (13,749 | ) | (268,028 | ) | (316,337 | ) | (1,366 | ) | (1,379 | ) | ||||||||||||||||
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Ending units |
2,713,185 | 2,498,735 | 706,484 | 870,553 | 2,307,381 | 2,268,920 | 45,474 | 23,857 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
PMVTRA | PVEIB | PVGOB | PVTIGB | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 1,252,000 | 1,544,717 | 23,201 | 24,979 | - | 1,004 | 15,611 | 17,113 | |||||||||||||||||||||||
Realized gain (loss) on investments |
539,146 | 1,222,867 | 65,639 | 6,513 | 160,957 | 550,068 | 63,824 | (4,775 | ) | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(5,995,103 | ) | 2,578,141 | 330,044 | (1,792 | ) | 228,406 | 237,299 | (28,479 | ) | 102,716 | |||||||||||||||||||||
Reinvested capital gains |
3,096,370 | 885,171 | 72,232 | 100,574 | 340,268 | 141,971 | 48,141 | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(1,107,587 | ) | 6,230,896 | 491,116 | 130,274 | 729,631 | 930,342 | 99,097 | 115,054 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
2,334,267 | 2,291,343 | 54,196 | 38,056 | 55,686 | 187,484 | 46,878 | 20,963 | ||||||||||||||||||||||||
Transfers between funds |
(8,029,128 | ) | 5,580,392 | 236,276 | 121,964 | (516,138 | ) | 865,962 | 62,163 | (44,273 | ) | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(2,530,928 | ) | (4,720,303 | ) | (142,807 | ) | (92,486 | ) | (211,778 | ) | (268,191 | ) | (325,104 | ) | (109,588 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(2,835 | ) | 8,680 | (6 | ) | 10 | (11 | ) | (11 | ) | (7 | ) | 5 | |||||||||||||||||||
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Net equity transactions |
(8,228,624 | ) | 3,160,112 | 147,659 | 67,544 | (672,241 | ) | 785,244 | (216,070 | ) | (132,893 | ) | ||||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
(9,336,211 | ) | 9,391,008 | 638,775 | 197,818 | 57,390 | 1,715,586 | (116,973 | ) | (17,839 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
81,214,234 | 71,823,226 | 1,698,982 | 1,501,164 | 3,610,974 | 1,895,388 | 1,204,943 | 1,222,782 | ||||||||||||||||||||||||
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|
|
|
|||||||||||||||||
Contract owners equity at end of period |
$ | 71,878,023 | 81,214,234 | 2,337,757 | 1,698,982 | 3,668,364 | 3,610,974 | 1,087,970 | 1,204,943 | |||||||||||||||||||||||
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|
|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
3,331,795 | 3,204,002 | 118,429 | 110,712 | 140,035 | 101,955 | 40,015 | 45,519 | ||||||||||||||||||||||||
Units purchased |
752,103 | 746,962 | 21,663 | 16,956 | 4,212 | 52,942 | 3,706 | 1,263 | ||||||||||||||||||||||||
Units surrendered |
(1,094,296 | ) | (619,169 | ) | (12,086 | ) | (9,239 | ) | (28,263 | ) | (14,862 | ) | (10,519 | ) | (6,767 | ) | ||||||||||||||||
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|
|||||||||||||||||
Ending units |
2,989,602 | 3,331,795 | 128,006 | 118,429 | 115,984 | 140,035 | 33,202 | 40,015 | ||||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
PVTSCB | ROCMC | TRBCGP | TREI2 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 6,600 | 7,162 | (3,341 | ) | (3,901 | ) | (217,578 | ) | (182,261 | ) | 252,379 | 361,943 | |||||||||||||||||||
Realized gain (loss) on investments |
260,852 | (139,701 | ) | 402,195 | (898,414 | ) | 10,631,845 | 9,456,157 | 759,622 | (2,501,150 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
157,414 | 255,228 | 212,261 | 828,780 | (3,917,728 | ) | 19,266,798 | 2,257,910 | 1,306,053 | |||||||||||||||||||||||
Reinvested capital gains |
- | - | 127,656 | 33,085 | 14,805,065 | 4,013,456 | 1,511,862 | 433,446 | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
424,866 | 122,689 | 738,771 | (40,450 | ) | 21,301,604 | 32,554,150 | 4,781,773 | (399,708 | ) | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
154,766 | 143,254 | 57,825 | (25,582 | ) | 5,336,075 | 5,072,803 | 193,588 | 147,801 | |||||||||||||||||||||||
Transfers between funds |
(103,083 | ) | 25,630 | (333,216 | ) | (1,386,885 | ) | (10,387,362 | ) | (1,815,347 | ) | (2,504,689 | ) | (1,853,820 | ) | |||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(34,098 | ) | (26,484 | ) | (98,170 | ) | (173,358 | ) | (7,072,674 | ) | (7,071,485 | ) | (1,014,343 | ) | (1,808,300 | ) | ||||||||||||||||
Adjustments to maintain reserves |
(12 | ) | 7 | 39 | (10 | ) | (5,734 | ) | (523 | ) | 34 | 84 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
17,573 | 142,407 | (373,522 | ) | (1,585,835 | ) | (12,129,695 | ) | (3,814,552 | ) | (3,325,410 | ) | (3,514,235 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net change in contract owners equity |
442,439 | 265,096 | 365,249 | (1,626,285 | ) | 9,171,909 | 28,739,598 | 1,456,363 | (3,913,943 | ) | ||||||||||||||||||||||
Contract owners equity at beginning of period |
1,041,141 | 776,045 | 2,537,248 | 4,163,533 | 129,855,277 | 101,115,679 | 20,125,400 | 24,039,343 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 1,483,580 | 1,041,141 | 2,902,497 | 2,537,248 | 139,027,186 | 129,855,277 | 21,581,763 | 20,125,400 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
54,468 | 42,112 | 56,567 | 114,963 | 3,107,541 | 3,244,814 | 523,995 | 632,019 | ||||||||||||||||||||||||
Units purchased |
14,825 | 16,503 | 17,228 | 16,084 | 238,760 | 149,347 | 121,572 | 81,863 | ||||||||||||||||||||||||
Units surrendered |
(13,768 | ) | (4,147 | ) | (24,248 | ) | (74,480 | ) | (513,637 | ) | (286,620 | ) | (198,528 | ) | (189,887 | ) | ||||||||||||||||
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Ending units |
55,525 | 54,468 | 49,547 | 56,567 | 2,832,664 | 3,107,541 | 447,039 | 523,995 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
TRHS2 | TRLT1 | TRMCG2 | TRNAG1 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | - | 251,545 | 466,039 | (85,682 | ) | (68,133 | ) | (124,652 | ) | (102,729 | ) | |||||||||||||||||||
Realized gain (loss) on investments |
1,455,575 | 933,933 | 51,120 | 993,787 | 1,251,009 | 402,860 | 6,777,207 | 6,907,981 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(600,549 | ) | 1,684,031 | (538,642 | ) | (175,716 | ) | (615,316 | ) | 3,852,026 | (7,584,167 | ) | 6,126,639 | |||||||||||||||||||
Reinvested capital gains |
1,012,908 | 896,572 | 162,765 | - | 4,569,891 | 2,341,247 | 16,093,220 | 11,578,313 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
1,867,934 | 3,514,536 | (73,212 | ) | 1,284,110 | 5,119,902 | 6,528,000 | 15,161,608 | 24,510,204 | |||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
741,358 | 607,526 | 17,211 | 2,221,229 | 13,665 | (54,795 | ) | 2,032,624 | 1,800,997 | |||||||||||||||||||||||
Transfers between funds |
(957,399 | ) | 1,383,035 | 14,519,761 | (9,400,206 | ) | 4,006,031 | (1,581,588 | ) | (1,592,929 | ) | (1,618,506 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,829,756 | ) | (1,610,535 | ) | (702,631 | ) | (8,693,832 | ) | (1,754,947 | ) | (879,554 | ) | (6,195,141 | ) | (5,025,328 | ) | ||||||||||||||||
Adjustments to maintain reserves |
144 | 3 | 409 | 3,170 | (131 | ) | 151 | (60 | ) | 97 | ||||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(2,045,653 | ) | 380,029 | 13,834,750 | (15,869,639 | ) | 2,264,618 | (2,515,786 | ) | (5,755,506 | ) | (4,842,740 | ) | |||||||||||||||||||
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Net change in contract owners equity |
(177,719 | ) | 3,894,565 | 13,761,538 | (14,585,529 | ) | 7,384,520 | 4,012,214 | 9,406,102 | 19,667,464 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
16,120,573 | 12,226,008 | 12,996,616 | 27,582,145 | 36,246,339 | 32,234,125 | 77,132,392 | 57,464,928 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 15,942,854 | 16,120,573 | 26,758,154 | 12,996,616 | 43,630,859 | 36,246,339 | 86,538,494 | 77,132,392 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
244,003 | 239,216 | 1,117,431 | 2,482,744 | 371,946 | 407,648 | 1,053,561 | 1,133,445 | ||||||||||||||||||||||||
Units purchased |
9,775 | 31,284 | 1,857,536 | 757,102 | 73,009 | 10,006 | 142,808 | 119,332 | ||||||||||||||||||||||||
Units surrendered |
(39,904 | ) | (26,497 | ) | (677,967 | ) | (2,122,415 | ) | (54,147 | ) | (45,708 | ) | (218,661 | ) | (199,216 | ) | ||||||||||||||||
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Ending units |
213,874 | 244,003 | 2,297,000 | 1,117,431 | 390,808 | 371,946 | 977,708 | 1,053,561 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
TRPSB1 | VWEM | VWHA | VVB | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 75,071 | 104,629 | 97,048 | 194,875 | 58,551 | 106,598 | 255,856 | 300,990 | |||||||||||||||||||||||
Realized gain (loss) on investments |
504,897 | (236,974 | ) | 704,198 | 197,551 | 1,550,409 | (2,355,464 | ) | 346,510 | 68,906 | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(612,379 | ) | 685,674 | (2,222,048 | ) | 823,117 | 1,413,923 | 5,181,247 | 1,600,428 | 659,327 | ||||||||||||||||||||||
Reinvested capital gains |
849,334 | 293,281 | 255,524 | 304,582 | - | - | 760,154 | 397,482 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
816,923 | 846,610 | (1,165,278 | ) | 1,520,125 | 3,022,883 | 2,932,381 | 2,962,948 | 1,426,705 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
573,234 | 589,534 | 181,364 | 189,364 | 759,454 | 713,449 | 2,865,126 | 72,037 | ||||||||||||||||||||||||
Transfers between funds |
51,859 | (588,048 | ) | (1,362,454 | ) | (717,846 | ) | 64,306 | (1,257,952 | ) | 3,326,105 | 1,299,731 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,674,486 | ) | (601,914 | ) | (770,836 | ) | (727,829 | ) | (1,061,719 | ) | (1,346,773 | ) | (1,833,875 | ) | (852,586 | ) | ||||||||||||||||
Adjustments to maintain reserves |
10 | 5 | (436 | ) | 94 | 3 | 62 | (41 | ) | 47 | ||||||||||||||||||||||
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Net equity transactions |
(1,049,383 | ) | (600,423 | ) | (1,952,362 | ) | (1,256,217 | ) | (237,956 | ) | (1,891,214 | ) | 4,357,315 | 519,229 | ||||||||||||||||||
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Net change in contract owners equity |
(232,460 | ) | 246,187 | (3,117,640 | ) | 263,908 | 2,784,927 | 1,041,167 | 7,320,263 | 1,945,934 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
9,307,068 | 9,060,881 | 11,533,978 | 11,270,070 | 16,292,094 | 15,250,927 | 13,867,162 | 11,921,228 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 9,074,608 | 9,307,068 | 8,416,338 | 11,533,978 | 19,077,021 | 16,292,094 | 21,187,425 | 13,867,162 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
357,260 | 398,214 | 190,709 | 217,323 | 479,161 | 539,484 | 522,971 | 496,895 | ||||||||||||||||||||||||
Units purchased |
158,408 | 69,975 | 42,402 | 10,764 | 80,313 | 102,309 | 639,491 | 59,638 | ||||||||||||||||||||||||
Units surrendered |
(200,371 | ) | (110,929 | ) | (76,213 | ) | (37,378 | ) | (94,618 | ) | (162,632 | ) | (499,292 | ) | (33,562 | ) | ||||||||||||||||
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Ending units |
315,297 | 357,260 | 156,898 | 190,709 | 464,856 | 479,161 | 663,170 | 522,971 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
VVCG | VVEI | VVEIX | VVG | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 166,184 | 212,284 | 4,733 | 1,214 | 1,573 | 151 | 783 | - | |||||||||||||||||||||||
Realized gain (loss) on investments |
1,606,312 | 1,129,408 | 20,745 | (4,656 | ) | 4,013 | 850 | (2,890 | ) | - | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
975,913 | 615,843 | 48,987 | 24,165 | 17,454 | 25,435 | 20,545 | - | ||||||||||||||||||||||||
Reinvested capital gains |
1,348,197 | 527,865 | 3,629 | 1,275 | 3,818 | - | 16,637 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
4,096,606 | 2,485,400 | 78,094 | 21,998 | 26,858 | 26,436 | 35,075 | - | ||||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
19,104 | 2,935 | 199,381 | 41,746 | 4,580 | 1,544 | 239 | - | ||||||||||||||||||||||||
Transfers between funds |
841,761 | (1,916,187 | ) | 274,797 | 105,192 | (13,494 | ) | 77,408 | 279,685 | - | ||||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,953,368 | ) | (1,012,250 | ) | (10,756 | ) | (3,015 | ) | (1,745 | ) | (954 | ) | (2,432 | ) | - | |||||||||||||||||
Adjustments to maintain reserves |
(21 | ) | 30 | 4 | - | 8 | (5 | ) | (1 | ) | - | |||||||||||||||||||||
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Net equity transactions |
(1,092,524 | ) | (2,925,472 | ) | 463,426 | 143,923 | (10,651 | ) | 77,993 | 277,491 | - | |||||||||||||||||||||
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Net change in contract owners equity |
3,004,082 | (440,072 | ) | 541,520 | 165,921 | 16,207 | 104,429 | 312,566 | - | |||||||||||||||||||||||
Contract owners equity at beginning of period |
19,323,339 | 19,763,411 | 165,921 | - | 104,429 | - | - | - | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 22,327,421 | 19,323,339 | 707,441 | 165,921 | 120,636 | 104,429 | 312,566 | - | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
937,936 | 1,124,585 | 14,840 | - | 8,031 | - | - | - | ||||||||||||||||||||||||
Units purchased |
829,393 | - | 36,483 | 15,148 | 319 | 8,113 | 17,511 | - | ||||||||||||||||||||||||
Units surrendered |
(878,977 | ) | (186,649 | ) | (836 | ) | (308 | ) | (1,133 | ) | (82 | ) | (140 | ) | - | |||||||||||||||||
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Ending units |
888,352 | 937,936 | 50,487 | 14,840 | 7,217 | 8,031 | 17,371 | - | ||||||||||||||||||||||||
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|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
VVGBI | VVHGB | VVI | VVMCI | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | - | 1,171,726 | 959,184 | 31,328 | 134,601 | 305,429 | 367,986 | |||||||||||||||||||||||
Realized gain (loss) on investments |
11 | - | 470,830 | 1,011,956 | 1,836,142 | 969,250 | 1,158,246 | 448,773 | ||||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
367 | - | (3,223,657 | ) | 1,434,608 | (3,425,433 | ) | 5,338,619 | 3,301,844 | 2,612,180 | ||||||||||||||||||||||
Reinvested capital gains |
- | - | 499,861 | - | 1,314,958 | 296,680 | 2,047,804 | 1,579,028 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
378 | - | (1,081,240 | ) | 3,405,748 | (243,005 | ) | 6,739,150 | 6,813,323 | 5,007,967 | ||||||||||||||||||||||
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|||||||||||||||||
Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
45,540 | - | 46,733 | 8,796 | 285,705 | 142,605 | 228,850 | 327,585 | ||||||||||||||||||||||||
Transfers between funds |
43,534 | - | 2,628,098 | 11,972,112 | (1,863,485 | ) | (1,561 | ) | (282,137 | ) | (2,373,515 | ) | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(1,404 | ) | - | (4,588,330 | ) | (2,889,465 | ) | (1,245,771 | ) | (788,271 | ) | (3,086,461 | ) | (1,604,263 | ) | |||||||||||||||||
Adjustments to maintain reserves |
(3 | ) | - | (113 | ) | 45 | (36 | ) | 21 | (14 | ) | 85 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
87,667 | - | (1,913,612 | ) | 9,091,488 | (2,823,587 | ) | (647,206 | ) | (3,139,762 | ) | (3,650,108 | ) | |||||||||||||||||||
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|||||||||||||||||
Net change in contract owners equity |
88,045 | - | (2,994,852 | ) | 12,497,236 | (3,066,592 | ) | 6,091,944 | 3,673,561 | 1,357,859 | ||||||||||||||||||||||
Contract owners equity at beginning of period |
- | - | 61,796,645 | 49,299,409 | 18,252,019 | 12,160,075 | 29,104,519 | 27,746,660 | ||||||||||||||||||||||||
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|||||||||||||||||
Contract owners equity at end of period |
$ | 88,045 | - | 58,801,793 | 61,796,645 | 15,185,427 | 18,252,019 | 32,778,080 | 29,104,519 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 4,401,877 | 3,770,243 | 652,789 | 684,174 | 905,295 | 1,017,241 | ||||||||||||||||||||||||
Units purchased |
8,363 | - | 3,911,471 | 838,620 | 558,752 | 9,067 | 756,298 | 11,220 | ||||||||||||||||||||||||
Units surrendered |
(131 | ) | - | (4,083,695 | ) | (206,986 | ) | (665,532 | ) | (40,452 | ) | (849,992 | ) | (123,166 | ) | |||||||||||||||||
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Ending units |
8,232 | - | 4,229,653 | 4,401,877 | 546,009 | 652,789 | 811,601 | 905,295 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
VVREI | VVSCG | VVSTC | VVTISI | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | 59,935 | 66,923 | 24,939 | 31,979 | 744 | 32 | 335,048 | 334,355 | |||||||||||||||||||||||
Realized gain (loss) on investments |
198,059 | 129,969 | 190,300 | (129,989 | ) | 13 | 46 | 967,711 | 424,655 | |||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
662,183 | (177,173 | ) | 532,363 | 1,136,011 | (1,244 | ) | 773 | 152,109 | 1,678,705 | ||||||||||||||||||||||
Reinvested capital gains |
83,192 | 45,343 | 468,789 | 667,934 | 153 | - | 171,059 | 104,533 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
1,003,369 | 65,062 | 1,216,391 | 1,705,935 | (334 | ) | 851 | 1,625,927 | 2,542,248 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
46,290 | 3,468 | 38,908 | 34,936 | 32,749 | 1,358 | 116,644 | 518 | ||||||||||||||||||||||||
Transfers between funds |
(394,997 | ) | 679,819 | (337,697 | ) | (541,385 | ) | 77,571 | 22,234 | (1,022,899 | ) | 2,325,323 | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(553,039 | ) | (245,980 | ) | (897,575 | ) | (442,863 | ) | (1,746 | ) | (453 | ) | (1,161,649 | ) | (816,464 | ) | ||||||||||||||||
Adjustments to maintain reserves |
23 | (2 | ) | 3 | 40 | 4 | 1 | (32 | ) | 48 | ||||||||||||||||||||||
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Net equity transactions |
(901,723 | ) | 437,305 | (1,196,361 | ) | (949,272 | ) | 108,578 | 23,140 | (2,067,936 | ) | 1,509,425 | ||||||||||||||||||||
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Net change in contract owners equity |
101,646 | 502,367 | 20,030 | 756,663 | 108,244 | 23,991 | (442,009 | ) | 4,051,673 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
2,959,928 | 2,457,561 | 8,532,316 | 7,775,653 | 23,991 | - | 19,935,377 | 15,883,704 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 3,061,574 | 2,959,928 | 8,552,346 | 8,532,316 | 132,235 | 23,991 | 19,493,368 | 19,935,377 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
127,534 | 100,637 | 248,619 | 278,570 | 1,592 | - | 1,568,614 | 1,386,663 | ||||||||||||||||||||||||
Units purchased |
102,127 | 37,730 | 215,779 | 2,434 | 7,338 | 1,622 | 1,312,118 | 252,930 | ||||||||||||||||||||||||
Units surrendered |
(136,297 | ) | (10,833 | ) | (247,575 | ) | (32,385 | ) | (115 | ) | (30 | ) | (1,468,498 | ) | (70,979 | ) | ||||||||||||||||
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Ending units |
93,364 | 127,534 | 216,823 | 248,619 | 8,815 | 1,592 | 1,412,234 | 1,568,614 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
VVTSM | VRVDRI | SVDF | SVOF | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | - | 32,128 | 27,021 | (21,623 | ) | (17,603 | ) | (8,921 | ) | 15,303 | ||||||||||||||||||||
Realized gain (loss) on investments |
135 | - | 276,755 | (444,256 | ) | 3,377,567 | 825,915 | 81,058 | (219,322 | ) | ||||||||||||||||||||||
Change in unrealized gain (loss) on investments |
8,419 | - | 823,933 | 500,156 | (7,183,051 | ) | 9,575,170 | 1,487,437 | 1,072,764 | |||||||||||||||||||||||
Reinvested capital gains |
- | - | 65,197 | 47,824 | 2,294,617 | 1,952,725 | 467,665 | 547,845 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
8,554 | - | 1,198,013 | 130,745 | (1,532,490 | ) | 12,336,207 | 2,027,239 | 1,416,590 | |||||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
116,740 | - | 247,158 | 89,600 | 410,973 | 913,405 | - | (150,424 | ) | |||||||||||||||||||||||
Transfers between funds |
52,768 | - | 575,339 | 1,422,903 | (2,549,074 | ) | 74,618 | (646,828 | ) | (439,911 | ) | |||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(2,469 | ) | - | (207,312 | ) | (40,827 | ) | (767,564 | ) | (836,920 | ) | (137,653 | ) | (121,444 | ) | |||||||||||||||||
Adjustments to maintain reserves |
- | - | (7 | ) | 11 | 37 | 54 | (143 | ) | 22 | ||||||||||||||||||||||
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Net equity transactions |
167,039 | - | 615,178 | 1,471,687 | (2,905,628 | ) | 151,157 | (784,624 | ) | (711,757 | ) | |||||||||||||||||||||
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Net change in contract owners equity |
175,593 | - | 1,813,191 | 1,602,432 | (4,438,118 | ) | 12,487,364 | 1,242,615 | 704,833 | |||||||||||||||||||||||
Contract owners equity at beginning of period |
- | - | 2,573,424 | 970,992 | 32,612,947 | 20,125,583 | 8,449,644 | 7,744,811 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 175,593 | - | 4,386,615 | 2,573,424 | 28,174,829 | 32,612,947 | 9,692,259 | 8,449,644 | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | - | 239,765 | 89,155 | 644,734 | 647,369 | 182,182 | 201,520 | ||||||||||||||||||||||||
Units purchased |
10,749 | - | 90,977 | 192,550 | 15,158 | 63,214 | 146,973 | 15,606 | ||||||||||||||||||||||||
Units surrendered |
(155 | ) | - | (52,119 | ) | (41,940 | ) | (73,383 | ) | (65,849 | ) | (165,748 | ) | (34,944 | ) | |||||||||||||||||
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Ending units |
10,594 | - | 278,623 | 239,765 | 586,509 | 644,734 | 163,407 | 182,182 | ||||||||||||||||||||||||
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See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
WFVSCG | AVBVI | DVIV | IVKMG1 | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | (13,874 | ) | (10,783 | ) | - | - | - | 119,911 | - | (225 | ) | ||||||||||||||||||||
Realized gain (loss) on investments |
682,025 | 93,231 | 4 | (9,533 | ) | - | (494,384 | ) | - | (1,120,793 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
(1,159,209 | ) | 3,295,113 | (1 | ) | 9,192 | - | (395,652 | ) | - | (57,507 | ) | ||||||||||||||||||||
Reinvested capital gains |
1,195,675 | 440,668 | - | - | - | - | - | 985,439 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
704,617 | 3,818,229 | 3 | (341 | ) | - | (770,125 | ) | - | (193,086 | ) | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
609,499 | 338,815 | - | - | - | 10,278 | - | 37,330 | ||||||||||||||||||||||||
Transfers between funds |
978,533 | (426,535 | ) | (2 | ) | (37,944 | ) | - | (2,911,111 | ) | - | (3,254,376 | ) | |||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
(661,411 | ) | (400,884 | ) | (12 | ) | (33 | ) | - | (32,712 | ) | - | (155,761 | ) | ||||||||||||||||||
Adjustments to maintain reserves |
(50 | ) | (29 | ) | 11 | 8 | - | (17 | ) | - | (7 | ) | ||||||||||||||||||||
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Net equity transactions |
926,571 | (488,633 | ) | (3 | ) | (37,969 | ) | - | (2,933,562 | ) | - | (3,372,814 | ) | |||||||||||||||||||
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Net change in contract owners equity |
1,631,188 | 3,329,596 | - | (38,310 | ) | - | (3,703,687 | ) | - | (3,565,900 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
10,128,757 | 6,799,161 | - | 38,310 | - | 3,703,687 | - | 3,565,900 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | 11,759,945 | 10,128,757 | - | - | - | - | - | - | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
237,091 | 251,278 | - | 1,339 | - | 156,626 | - | 154,966 | ||||||||||||||||||||||||
Units purchased |
48,935 | 29,311 | - | (1 | ) | - | 23,509 | - | 2,215 | |||||||||||||||||||||||
Units surrendered |
(29,667 | ) | (43,498 | ) | - | (1,338 | ) | - | (180,135 | ) | - | (157,181 | ) | |||||||||||||||||||
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Ending units |
256,359 | 237,091 | - | - | - | - | - | - | ||||||||||||||||||||||||
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|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
GVDIVI | NVMLV1 | NVLCA2 | NVLCAP | |||||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Investment activity*: |
||||||||||||||||||||||||||||||||
Net investment income (loss) |
$ | - | 426,607 | - | 216,587 | - | - | - | 522 | |||||||||||||||||||||||
Realized gain (loss) on investments |
- | (2,576,823 | ) | - | (12,569,993 | ) | - | 506 | - | (130 | ) | |||||||||||||||||||||
Change in unrealized gain (loss) on investments |
- | 1,416,446 | - | 4,246,355 | - | - | - | (6,762 | ) | |||||||||||||||||||||||
Reinvested capital gains |
- | - | - | 5,966,559 | - | - | - | 1,856 | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
- | (733,770 | ) | - | (2,140,492 | ) | - | 506 | - | (4,514 | ) | |||||||||||||||||||||
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Equity transactions: |
||||||||||||||||||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
- | 122,538 | - | 263,670 | - | - | - | 3,485 | ||||||||||||||||||||||||
Transfers between funds |
- | (4,385,718 | ) | - | (17,160,840 | ) | - | (500 | ) | - | (142,855 | ) | ||||||||||||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
- | (322,007 | ) | - | (352,503 | ) | - | (5 | ) | - | (4,489 | ) | ||||||||||||||||||||
Adjustments to maintain reserves |
- | (3 | ) | - | 94 | - | (1 | ) | - | (1 | ) | |||||||||||||||||||||
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Net equity transactions |
- | (4,585,190 | ) | - | (17,249,579 | ) | - | (506 | ) | - | (143,860 | ) | ||||||||||||||||||||
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Net change in contract owners equity |
- | (5,318,960 | ) | - | (19,390,071 | ) | - | - | - | (148,374 | ) | |||||||||||||||||||||
Contract owners equity at beginning of period |
- | 5,318,960 | - | 19,390,071 | - | - | - | 148,374 | ||||||||||||||||||||||||
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Contract owners equity at end of period |
$ | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
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|||||||||||||||||
CHANGE IN UNITS: |
||||||||||||||||||||||||||||||||
Beginning units |
- | 236,586 | - | 821,925 | - | - | - | 9,118 | ||||||||||||||||||||||||
Units purchased |
- | 13,547 | - | 16,007 | - | - | - | 229 | ||||||||||||||||||||||||
Units surrendered |
- | (250,133 | ) | - | (837,932 | ) | - | - | - | (9,347 | ) | |||||||||||||||||||||
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Ending units |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4
STATEMENTS OF CHANGES IN CONTRACT OWNERS EQUITY
YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020
NVLMP | VVDV | |||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||
Investment activity*: |
||||||||||||||||
Net investment income (loss) |
$ | - | 574 | - | - | |||||||||||
Realized gain (loss) on investments |
- | (4,807 | ) | - | - | |||||||||||
Change in unrealized gain (loss) on investments |
- | (2,132 | ) | - | - | |||||||||||
Reinvested capital gains |
- | 6,127 | - | - | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in contract owners equity resulting from operations |
- | (238 | ) | - | - | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Equity transactions: |
||||||||||||||||
Purchase payments received from policyholders (notes 3 and 6) |
- | 6,664 | - | 883 | ||||||||||||
Transfers between funds |
- | (89,205 | ) | - | 13,531 | |||||||||||
Surrenders (notes 3, 4, 5, 6 and 7) |
- | (4,450 | ) | - | (14,415 | ) | ||||||||||
Adjustments to maintain reserves |
- | - | - | 1 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net equity transactions |
- | (86,991 | ) | - | - | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Net change in contract owners equity |
- | (87,229 | ) | - | - | |||||||||||
Contract owners equity at beginning of period |
- | 87,229 | - | - | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Contract owners equity at end of period |
$ | - | - | - | - | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
CHANGE IN UNITS: |
||||||||||||||||
Beginning units |
- | 5,726 | - | - | ||||||||||||
Units purchased |
- | 556 | - | 696 | ||||||||||||
Units surrendered |
- | (6,282 | ) | - | (696 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Ending units |
- | - | - | - | ||||||||||||
|
|
|
|
|
|
|
|
* | For all subaccounts not included herein but listed as an investment option in note 1(b), there was no activity during the two-year period. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2021, if applicable. |
See accompanying notes to financial statements.
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
(1) Background and Summary of Significant Accounting Policies
(a) Organization and Nature of Operations
The Nationwide VLI Separate Account-4 (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on December 3, 1997. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940. The Separate 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, Corporate, and Survivorship Life Variable Life Insurance Policies through the Separate Account.
(b) The Policies
The Separate Account offers variable investment options through life insurance policies intended to provide benefits to the policyholder and/or the beneficiary named by the policyholder. Policy features are described in the applicable prospectus.
With certain exceptions, policyholders may invest in any of the following:
AB FUNDS
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class A (ALVIVA)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
AMERICAN CENTURY INVESTORS, INC.
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)
American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)
American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)*
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV)
AMERICAN FUNDS GROUP (THE)
American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2)
American Funds Insurance Series(R) - The Bond Fund of America: Class 2 (AMVBD2)
American Funds Insurance Series(R) - Capital World Bond Fund: Class 2 (AMVGB2)
American Funds Insurance Series(R) - Growth-Income Fund: Class 2 (AMVGI2)
American Funds Insurance Series(R) - Growth Fund: Class 2 (AMVGR2)
American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 2 (AMVGS2)
American Funds Insurance Series(R) - International Fund: Class 2 (AMVI2)
American Funds Insurance Series(R) - New World Fund: Class 2 (AMVNW2)
AMUNDI US
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)
BLACKROCK FUNDS
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I (BRVHYI)
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II (MLVGA2)
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class II (MLVLC2)
BNY MELLON INVESTMENT MANAGEMENT
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)
BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares (DSC)
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Initial Shares (DVMCS)
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)
CALVERT GROUP
Calvert VP S&P 500 Index Portfolio (CVSPIP)
Calvert Variable Series, Inc. - Calvert VP SRI Mid Cap Portfolio (CVSRMC)*
CHARLES SCHWAB FUNDS
Schwab Annuity Portfolios - Schwab(R) S&P 500 Index Portfolio (SASP5I)
DAVIS FUNDS
Davis Variable Account Fund, Inc. - Davis Value Portfolio (DAVVL)
DELAWARE FUNDS BY MACQUARIE
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Delaware Variable Insurance Product Trust - Delaware VIP Emerging Markets Series: Service Class (DWVEMS)
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)
DIMENSIONAL FUND ADVISORS INC.
DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA)
DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio (DFVGB)*
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI)
DFA Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class (DFVIPS)
DFA Investment Dimensions Group Inc. - VA International Small Portfolio (DFVIS)
DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV)
DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio (DFVSTF)*
DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio (DFVULV)
DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio (DFVUTV)
DWS INVESTMENT MANAGEMENT AMERICAS, INC.
Deutsche DWS Investments VIT Funds - DWS Small Cap Index VIP: Class A (BISCI)*
Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A (DSGIBA)
Deutsche DWS Variable Series II - DWS CROCI(R) U.S. VIP: Class B (SVSLVB)
Deutsche DWS Variable Series II - DWS Small Mid Cap Value VIP: Class B (SVSSVB)
EATON VANCE FUNDS
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)
FEDERATED HERMES, INC.
Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)
Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares (FVU2)
Federated Hermes Insurance Series - Federated Hermes Fund for U.S. Government Securities II (FVUS2)
FIDELITY INVESTMENTS
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS)
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS)
Fidelity Variable Insurance Products - Emerging Markets Portfolio - Service Class (FEMS)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2005 Portfolio: Service Class (FF05S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2015 Portfolio: Service Class (FF15S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2025 Portfolio: Service Class (FF25S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2035 Portfolio: Service Class (FF35S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2040 Portfolio: Service Class (FF40S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2045 Portfolio: Service Class (FF45S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2050 Portfolio: Service Class (FF50S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2055 Portfolio: Service Class (FF55S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2060 Portfolio: Service Class (FF60S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2065 Portfolio: Service Class (FF65S)
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Income Fund Portfolio: Service Class (FFINS)
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class (FGIS)*
Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class (FGOS)
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class (FHIS)
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)
Fidelity Variable Insurance Products Fund - VIP Index 500 Portfolio: Initial Class (FIP)
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)
Fidelity Variable Insurance Products Fund - VIP Government Money Market Portfolio: Initial Class (FMMP)
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS)
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class (FRESS)
Fidelity Variable Insurance Products Fund - VIP Bond Index Portfolio: Service Class (FVBIS)
Fidelity Variable Insurance Products Fund - VIP Extended Market Index Portfolio: Service Class (FVEMIS)
Fidelity Variable Insurance Products Fund - VIP International Index Portfolio: Service Class (FVIIS)
Fidelity Variable Insurance Products Fund - VIP Total Market Index Portfolio: Service Class (FVMIS)
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)
FRANKLIN TEMPLETON DISTRIBUTORS, INC.
Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 1 (FTVRDI)*
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 (FTVSVI)
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 (TIF)
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)
GOLDMAN SACHS ASSET MANAGEMENT GROUP
Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Institutional Shares (GVCSE)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares (GVGMNS)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Growth Opportunities Fund: Service Shares (GVGOPS)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Mid Cap Value Fund: Institutional Shares (GVMCE)
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)
GUGGENHEIM INVESTMENTS
Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)
INVESCO INVESTMENTS
Invesco - Invesco V.I. American Franchise Fund: Series I Shares (ACEG)
Invesco - Invesco V.I. Growth and Income Fund: Series I Shares (ACGI)
Invesco - Invesco V.I. High Yield Fund: Series I Shares (AVHY1)
Invesco - Invesco V.I. International Growth Fund: Series I Shares (AVIE)
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares (AVMCCI)
Invesco - Invesco V.I. Small Cap Equity Fund: Series I Shares (AVSCE)
Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV)*
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)
Invesco - Invesco V.I. Main Street Fund: Series I (OVGI)
Invesco - Invesco V.I. Capital Appreciation Fund: Series I (OVGR)
Invesco - Invesco V.I. Global Fund: Series I (OVGS)
Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)
Invesco - Invesco V.I. Global Strategic Income Fund: Series I (OVSB)
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I (OVSC)
IVY INVESTMENTS
Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II (WRASP)
Ivy Variable Insurance Portfolios - Delaware Ivy Growth: Class II (WRGP)
Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II (WRHIP)
Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II (WRMCG)
Ivy Variable Insurance Portfolios - Delaware Ivy Securian Real Estate Securities: Class II (WRRESP)
Ivy Variable Insurance Portfolios - Delaware Ivy Science and Technology: Class II (WRSTP)
J.P. MORGAN INVESTMENT MANAGEMENT INC.
JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)
JPMorgan Insurance Trust - JPMorgan Insurance Trust Small Cap Core Portfolio 1 (JPSCE1)
JANUS HENDERSON INVESTORS
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares (JAEI)
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS)
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)
Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Service Shares (JAMVS)
LAZARD FUNDS
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)
LEGG MASON
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)
LINCOLN FUNDS
Lincoln Variable Insurance Products Trust - Baron Growth Opportunities Fund: Service Class (BNCAI)
LORD ABBETT FUNDS
Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD)
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Lord Abbett Series Fund, Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)*
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)
MAINSTAY FUNDS
MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Initial Class (MNVFRI)*
MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Service Class (MNVFRS)
MASSACHUSETTS FINANCIAL SERVICES CO.
MFS(R) Variable Insurance Trust III - MFS Global Real Estate Portfolio: Initial Class (M3GREI)*
MFS(R) Variable Insurance Trust III - MFS Global Real Estate Portfolio: Service Class (M3GRES)*
MFS(R) Variable Insurance Trust - MFS Growth Series: Service Class (MEGSS)
MFS(R) Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC)
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Initial Class (MNDIC)
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Initial Class (MV2EEI)
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Service Class (MV2EES)
MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class (MV2IGI)
MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)
MFS(R) Variable Insurance Trust II - MFS Corporate Bond Portfolio: Service Class (MVBDS)*
MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES)
MFS(R) Variable Insurance Trust - MFS Value Series: Initial Class (MVFIC)
MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC)
MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)
MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS)
MORGAN STANLEY
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)
Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class I (MSVEG)
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)
Morgan Stanley Variable Insurance Fund, Inc. - Discovery Portfolio: Class I (MSVMG)
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)
Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)
NATIONWIDE FUNDS GROUP
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II (DTRTFB)
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I (EIF)
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II (GVAAA2)
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (GVABD2)
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (GVAGG2)
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (GVAGI2)
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (GVAGR2)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)
Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I (HIBF)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I (IDPG)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class I (IDPGI)
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I (MSBF)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I (NCPGI)
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class Y (NJMDEY)*
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)*
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class Y (NJMMAY)
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II (NJNDE2)*
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I (NVAMV1)
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I (NVCCA1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1)
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I (NVCRB1)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP)
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class I (NVIX)
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I (NVLCP1)
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1)
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)
Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I (NVMMG1)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I (NVNMO1)
Nationwide Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I (NVNSR1)
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y (NVSIXD)
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class I (NVSTB1)
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V (SAM5)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)
NEUBERGER & BERMAN MANAGEMENT, INC.
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)
Neuberger Berman Advisers Management Trust - Mid Cap Intrinsic Value Portfolio: I Class Shares (AMRI)
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)
NORTHERN LIGHTS
Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 3 (NOTB3)
Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 3 (NOTG3)
Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 3 (NOTMG3)
PIMCO FUNDS
PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA)
PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Administrative Class (PMVFBA)
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)
PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Administrative Class (PMVGBA)
PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)
PIMCO Variable Insurance Trust - Income Portfolio: Administrative Class (PMVID)*
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
PIMCO Variable Insurance Trust - Income Portfolio: Institutional Class (PMVII)*
PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA)
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio: Administrative Class (PMVLGA)
PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)
PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Administrative Class (PMVRSA)
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA)
PUTNAM INVESTMENTS
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (PVEIB)
Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)
Putnam Variable Trust - Putnam VT Small Cap Value Fund: Class IB (PVTSCB)
ROYCE CAPITAL FUNDS
Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC)
Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)*
T. ROWE PRICE
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II (TRBCG2)*
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio (TRBCGP)
T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio (TRLT1)
T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)
T. Rowe Price Equity Series, Inc. - T. Rowe Price All-Cap Opportunities Portfolio (TRNAG1)
T. Rowe Price Equity Series, Inc. - T. Rowe Price Moderate Allocation Portfolio (TRPSB1)
VAN ECK ASSOCIATES CORPORATION
VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
VanEck VIP Trust - Global Resources Fund: Initial Class (VWHA)
VANGUARD GROUP OF INVESTMENT COMPANIES
Vanguard Variable Insurance Fund - Balanced Portfolio (VVB)
Vanguard Variable Insurance Fund - Capital Growth Portfolio (VVCG)
Vanguard Variable Insurance Fund - Diversified Value Portfolio (VVDV)*
Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI)
Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX)
Vanguard Variable Insurance Fund - Growth Portfolio (VVG)
Vanguard Variable Insurance Fund-Global Bond Index Portfolio (VVGBI)
Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)
Vanguard Variable Insurance Fund - High Yield Bond Portfolio (VVHYB)*
Vanguard Variable Insurance Fund - International Portfolio (VVI)
Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)
Vanguard Variable Insurance Fund - Real Estate Index Portfolio (VVREI)
Vanguard Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)
Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)
Vanguard Variable Insurance Fund-Total International Stock Market Index Portfolio (VVTISI)
Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM)
VIRTUS MUTUAL FUNDS
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I (VRVDRI)
WELLS FARGO FUNDS
Allspring Variable Trust - VT Discovery Fund: Class 2 (SVDF)
Allspring Variable Trust - VT Opportunity Fund: Class 2 (SVOF)
Allspring Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)
* | At December 31, 2021, policyholders were not invested in this fund. |
The Contract Owners Equity is affected by the investment results of each fund, equity transactions by policyholders and certain policy and asset charges (see notes 2 and 3). The accompanying financial statements include only policyholders purchase payments pertaining to the variable portions of their policies and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.
A policyholder 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 or variable annuity contracts 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.
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
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 policyholder due to a policy cancellation during the free look period, and/or if a gain is realized by the policyholder during the free look period.
The Company allocates purchase payments to subaccounts and/or the fixed account as instructed by the policyholder. Shares of the subaccounts 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 policy.
Unless listed below, the financial statements presented are as of December 31, 2021 and for each of the years in the two-year period ended December 31, 2021. For the subaccounts listed below with inception dates in 2021, the financial statements are as of December 31, 2021 and for the period from the inception date to December 31, 2021. For the subaccounts listed below with liquidation dates in 2021, the financial statements are for the period from January 1, 2021 to the liquidation date. For the subaccounts listed below with inception dates in 2020, the prior year financial statements reflect the period from inception date to December 31, 2020. For the subaccounts listed below with liquidation dates in 2020, the prior year financial statements reflect the period from January 1, 2020 to the liquidation date:
Inception Date | Liquidation Date | |||||||
MFS(R) Variable Insurance Trust - MFS Growth Series: Service Class (MEGSS) |
11/15/2021 | |||||||
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Initial Class (MV2EEI) |
11/9/2021 | |||||||
Fidelity Variable Insurance Products Fund - VIP Bond Index Portfolio: Service Class (FVBIS) |
10/27/2021 | |||||||
Fidelity Variable Insurance Products Fund - VIP Extended Market Index Portfolio: Service Class (FVEMIS) |
7/26/2021 | |||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2065 Portfolio: Service Class (FF65S) |
7/1/2021 | |||||||
Vanguard Variable Insurance Fund-Global Bond Index Portfolio (VVGBI) |
5/4/2021 | |||||||
Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM) |
5/4/2021 | |||||||
Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV) |
4/30/2021 | |||||||
DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA) |
4/23/2021 | |||||||
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y (NVSIXD) |
4/23/2021 | |||||||
Fidelity Variable Insurance Products Fund - VIP International Index Portfolio: Service Class (FVIIS) |
4/12/2021 | |||||||
Vanguard Variable Insurance Fund - Growth Portfolio (VVG) |
3/10/2021 | |||||||
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Service Class (MV2EES) |
1/15/2021 | |||||||
MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Service Class (MNVFRS) |
11/16/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP) |
10/23/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP) |
10/23/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX) |
10/16/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX) |
9/11/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2) |
9/4/2020 | |||||||
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI) |
8/26/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class Y (NJMMAY) |
6/29/2020 | |||||||
Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX) |
5/15/2020 | |||||||
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2) |
5/11/2020 | |||||||
American Funds Insurance Series(R) - Capital World Bond Fund: Class 2 (AMVGB2) |
5/1/2020 | |||||||
Schwab Annuity Portfolios - Schwab(R) S&P 500 Index Portfolio (SASP5I) |
3/2/2020 | |||||||
Fidelity Variable Insurance Products Fund - VIP Total Market Index Portfolio: Service Class (FVMIS) |
2/11/2020 | |||||||
DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV) |
1/16/2020 | |||||||
Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI) |
1/16/2020 | |||||||
BNY Mellon Variable Investment Fund - International Value Portfolio: Initial Shares (DVIV) |
8/6/2020 |
For the two-year period ending December 31, 2021, the following underlying mutual fund mergers occurred. Underlying mutual funds that were acquired during the period ending December 31, 2021 are no longer available as of December 31, 2021. Underlying mutual funds that were acquired during the period ending December 31, 2020 are no longer available as of December 31, 2020.
Acquired Underlying Mutual Fund |
Acquiring Underlying Mutual Fund |
Effective Date | ||||
Invesco - Invesco V.I. Value Opportunities Fund: Series I Shares (AVBVI) |
Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV) | 4/30/2021 | ||||
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2) |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2) | 10/23/2020 | ||||
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class P (NVLCAP) |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP) | 10/23/2020 | ||||
Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class P (NVLMP) |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP) | 10/23/2020 | ||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI) |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX) | 10/16/2020 | ||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1) |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X (NVAMVX) | 9/11/2020 | ||||
Invesco - Invesco V.I. Mid Cap Growth Fund: Series I Shares (IVKMG1) |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I (OVAG) | 4/30/2020 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
For the one-year period ended December 31, 2021, the following subaccount name changes occurred:
|
| |||||||
Subaccount |
Current Legal Name |
Prior Legal Name |
Effective Date | |||||
AMVBD2 |
American Funds Insurance Series(R) - The Bond Fund of America: Class 2 | American Funds Insurance Series(R) - Bond Fund: Class 2 | 5/1/2021 | |||||
DFVGMI |
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class | DFA Investment Dimensions Group Inc. - DFA VA Global Moderate Allocation Portfolio: Institutional Class | 5/1/2021 | |||||
GVGMNS |
Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares | Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares | 12/31/2021 | |||||
AVMCCI |
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares | Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series I Shares | 5/1/2021 | |||||
OVAG |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I | Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I | 5/1/2021 | |||||
OVGI |
Invesco - Invesco V.I. Main Street Fund: Series I | Invesco Oppenheimer V.I. Main Street Fund: Series I | 5/1/2021 | |||||
OVGR |
Invesco - Invesco V.I. Capital Appreciation Fund: Series I | Invesco Oppenheimer V.I. Capital Appreciation Fund: Series I | 5/1/2021 | |||||
OVGS |
Invesco - Invesco V.I. Global Fund: Series I | Invesco Oppenheimer V.I. Global Fund: Series I | 5/1/2021 | |||||
OVSB |
Invesco - Invesco V.I. Global Strategic Income Fund: Series I | Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I | 5/1/2021 | |||||
OVSC |
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I | Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I | 5/1/2021 | |||||
WRASP |
Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II | Ivy Variable Insurance Portfolios - Asset Strategy: Class II | 7/1/2021 | |||||
WRGP |
Ivy Variable Insurance Portfolios - Delaware Ivy Growth: Class II | Ivy Variable Insurance Portfolios - Growth: Class II | 7/1/2021 | |||||
WRHIP |
Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II | Ivy Variable Insurance Portfolios - High Income: Class II | 7/1/2021 | |||||
WRMCG |
Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II | Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II | 7/1/2021 | |||||
WRRESP |
Ivy Variable Insurance Portfolios - Delaware Ivy Securian Real Estate Securities: Class II | Ivy Variable Insurance Portfolios - Securian Real Estate Securities: Class II | 7/1/2021 | |||||
WRSTP |
Ivy Variable Insurance Portfolios - Delaware Ivy Science and Technology: Class II | Ivy Variable Insurance Portfolios - Science and Technology: Class II | 7/1/2021 | |||||
DTRTFB |
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II | Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II | 5/1/2021 | |||||
EIF |
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I | Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I | 5/1/2021 | |||||
GVAAA2 |
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II | Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II | 5/1/2021 | |||||
GVABD2 |
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II | Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II | 5/1/2021 | |||||
GVAGG2 |
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II | Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II | 5/1/2021 | |||||
GVAGI2 |
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II | Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II | 5/1/2021 | |||||
GVAGR2 |
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II | Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II | 5/1/2021 | |||||
HIBF |
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I | Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I | 5/1/2021 | |||||
MSBF |
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I | Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I | 5/1/2021 | |||||
NJMDEY |
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class Y | Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class Y | 5/1/2021 | |||||
NJNDE2 |
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II | Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II | 5/1/2021 | |||||
NVAMV1 |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I | Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I | 8/31/2021 | |||||
NVAMVX |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X | Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X | 8/31/2021 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
NVLCP1 |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I | Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class I | 9/7/2021 | |||||
NVMMG1 |
Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I | Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I | 12/6/2021 | |||||
NVNMO1 |
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I | Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I | 5/1/2021 | |||||
NVNSR1 |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I | Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I | 8/31/2021 | |||||
NVOLG1 |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I | Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I | 8/31/2021 | |||||
PVEIB |
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB | Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB | 5/1/2021 | |||||
TRNAG1 |
T. Rowe Price Equity Series, Inc. - T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price Equity Series, Inc. - T. Rowe Price New America Growth Portfolio | 5/1/2021 | |||||
VWHA |
VanEck VIP Trust - Global Resources Fund: Initial Class | VanEck VIP Trust - Global Hard Assets Fund: Initial Class | 5/1/2021 | |||||
SVDF |
Allspring Variable Trust - VT Discovery Fund: Class 2 | Wells Fargo Variable Trust - VT Discovery Fund: Class 2 | 10/11/2021 | |||||
SVOF |
Allspring Variable Trust - VT Opportunity Fund: Class 2 | Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 | 10/11/2021 | |||||
WFVSCG |
Allspring Variable Trust - VT Small Cap Growth Fund: Class 2 | Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 | 10/11/2021 |
(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, 2021 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 Separate Account form a part of, and are taxed with, operations of the Company which is taxed as a life insurance company under the Internal Revenue Code. The Company does not provide for income taxes within the Separate Account. Taxes are generally the responsibility of the policyholder 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) COVID-19
Equity and financial markets have experienced significant volatility and interest rates have experienced significant declines primarily driven by the COVID-19 pandemic. These conditions have and may continue to impact the Companys operations and financial condition. The extent to which the COVID-19 pandemic may impact the Companys operations and financial condition will depend on future developments which are evolving and uncertain.
(g) Subsequent Events
The Company evaluated subsequent events through the date the financial statements were available to be issued with the Securities and Exchange Commission, and no subsequent events have occurred requiring accrual or disclosures.
(2) Accounting Changes and Corrections of Errors
During 2021, the Company identified and corrected an overstatement of units and contract owners equity of the FGOS subaccount driven by a data extraction error out of the administrative system for this subaccount. The financial statements have been restated to correct the misstatements in accordance with FASB ASC 250, Accounting Changes and Error Corrections. There was no impact to the net increase in contact owners equity resulting from operations in the statement of operations for the year ended December 31, 2020.
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
The below table reports the effect of the restatement on the FGOS subaccount within the statement of changes in contract owners equity for the year ended December 31, 2020.
As Previously Reported | Adjustments | As Restated | ||||||||||
Adjustments to maintain reserves |
183,414 | (183,443 | ) | (29 | ) | |||||||
Net equity transactions |
177,681 | (183,443 | ) | (5,762 | ) | |||||||
Net change in contract owners equity |
452,065 | (183,443 | ) | 268,622 | ||||||||
Contract owners equity at beginning of period |
677,151 | (267,825 | ) | 409,326 | ||||||||
Contract owners equity at end of period |
1,129,216 | (451,268 | ) | 677,948 | ||||||||
Beginning units |
15,533 | (5,558 | ) | 9,975 | ||||||||
Ending units |
16,041 | (5,558 | ) | 10,483 |
The below table reports the effect of the restatement on the units reported for the FGOS subaccount in the financial highlights as of the period indicated.
Year |
As Previously Reported | Adjustments | As Restated | |||||||||
2020 |
16,041 | (5,558 | ) | 10,483 | ||||||||
2019 |
15,533 | (5,558 | ) | 9,975 | ||||||||
2018 |
15,899 | (5,557 | ) | 10,342 | ||||||||
2017 |
15,375 | (5,558 | ) | 9,817 |
The below table reports the effect of the restatement on the contract owners equity reported for the FGOS subaccount in the financial highlights as of the period indicated.
Year |
As Previously Reported | Adjustments | As Restated | |||||||||
2020 |
1,129,216 | (451,268 | ) | 677,948 | ||||||||
2019 |
677,151 | (267,825 | ) | 409,326 | ||||||||
2018 |
508,052 | (190,356 | ) | 317,696 | ||||||||
2017 |
438,543 | (169,438 | ) | 269,105 |
The below table reports the effect of the restatement on the range of expense rate for the FGOS subaccount in the financial highlights as of the period indicated.
Year |
As Previously Reported | As Restated | ||||||
2020 |
0.00% to 0.10% | 0.10% | ||||||
2019 |
0.00% to 0.25% | 0.10% to 0.25% | ||||||
2018 |
0.00% to 0.25% | 0.25% | ||||||
2017 |
0.00% to 0.25% | 0.25% |
The below table reports the effect of the restatement on the range of unit value for the FGOS subaccount in the financial highlights as of the period indicated.
Year |
As Previously Reported | As Restated | ||||||
2020 |
81.21 to 64.67 | 64.67 | ||||||
2019 |
48.20 to 43.11 | 38.42 to 43.11 | ||||||
2018 |
34.26 to 30.72 | 30.72 | ||||||
2017 |
30.49 to 27.41 | 27.41 |
The below table reports the effect of the restatement on the range of total return for the FGOS subaccount in the financial highlights as of the period indicated.
Year |
As Previously Reported | As Restated | ||||||
2020 |
68.49 to 68.33 | 68.33 | ||||||
2019 |
40.70 to 40.35 | 40.56 to 40.35 | ||||||
2018 |
12.35 to 12.06 | 12.06 | ||||||
2017 |
34.40 to 34.06 | 34.06 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
(3) Policy Charges
The Separate Account assesses charges associated with the policy. These charges are either assessed as a direct deduction from premium payments or through a surrender of units from the subaccounts contained within the Separate Account. The assessment of charges varies based on the policy and any additional riders or benefits elected. The additional riders or benefits and related charges specific to each product are described in detail in the applicable prospectus.
Policy Charges |
||
Mortality and Expense Risk Charge/Variable Account Asset Charge - assessed through a surrender of units | Equal, on an annual basis, to 0.05% - 1.25% of the daily value of the assets invested in each fund | |
Sales Charge/Percent of Premium Charge - assessed through a deduction from premium payments | 0.0% - 12% of each premium paid | |
Premium Tax Charge - assessed through a deduction from premium payments | 3.5% of each premium payment | |
Cost of Insurance Charges (including any flat extra charge) - assessed through a surrender of units | $0.01 - $83.33 per $1,000 of a policys net amount at risk | |
Administrative Charge - assessed through a surrender of units | $5 - $10 per policy, per month | |
Administrative/Specified Amount Charge | $0.01 - $0.40 per $1,000 of specified amount | |
Tax Expense Charge | $0.42 per $1,000 of cash value | |
Administrative Expense Charge | $0.25 per $1,000 of cash value | |
Surrender Charge - assessed through a surrender of units | $0.00 - $124.65 per $1,000 of a policys specified amount; for single premium policies 0.00% - 10.00% of premium | |
Policy Loan Interest Charge - assessed through a surrender of units | 2% - 6% of an outstanding policy loan | |
Partial Surrender Fees - assessed through a surrender of units | $0.00 - $25.00 per request | |
Rider Charges - assessed through a surrender of units monthly, unless otherwise specified. | ||
Long-Term Care Rider Charge | $0.02 - $28.65 per $1,000 of the riders net amount risk; or $1.946 per $1,000 of the riders specified amount | |
Estate Protection Rider Charge | $0.01 - $83.33 per $1,000 of the riders death benefit | |
Policy Split Option Rider Charge | $0.01 - $0.03 of policy and Additional Term Insurance Rider specified amount | |
Policy Guard/Overloan Lapse Protection Rider Charge | $1.50 - $157.00 per $1,000 of the policys cash value at the time the rider is invoked | |
Adjusted Sales Load Life Insurance Rider Charge | $0.14 for each $1,000 of premium for each 1% of sales load reduction elected | |
Additional Protection Rider Charge/Supplemental Insurance Rider Charge | $0.01 - $125.00 per $1,000 of the riders death benefit | |
Cost of Insurance Charge |
$0.01-$125.00 | |
Variable Account Asset Charge |
0.16% - 1.25% | |
Specified Amount Charge |
$0.01-$0.40 per $1,000 of specified amount | |
Childrens Term Insurance Rider Charge | $0.43 per $1,000 of the riders specified amount | |
Spouse Life Insurance Rider Charge | $0.10 - $12.02 per $1,000 of the riders specified amount | |
Accidental Death Benefit Rider Charge | $0.05 - $0.75 per $1,000 of the riders specified amount | |
Premium Waiver Rider Charge | $42 $315 per $1,000 of the riders benefit amount | |
Waiver of Monthly Deductions Rider Charge | $85 - $860 per $1,000 of the riders benefit amount |
For the years ended December 31, 2021 and 2020, total front-end sales charge deductions were $8,187,440 and $8,308,916, respectively and were recognized as part of purchase payments on the Statements of Changes in Contract Owners Equity.
(4) Asset Charges
The Company deducts a charge related to the assumption of mortality and expense risk. Asset charges are included within the surrenders line item in the equity transactions section of the Statements of Changes in Contract Owners Equity.
(a) Modified Single Premium Policies (MSP)
For modified single premium policies, the Company deducts a charge equal to an annualized rate of 0.70% of the cash surrender value of the subaccounts. 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 subaccounts as reimbursement for taxes imposed by federal, state and local governments. These charges are assessed monthly against each policy by liquidating units.
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
(b) Flexible Premium and Variable Executive Life Policies (FPVUL and VEL)
For Best of America® The Next Generation and ChoiceLifeSM policies, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash value attributable to the variable account, $0.25 per $1,000 on $25,001 up to $250,000 of cash value attributable to the variable account and $0.08 per $1,000 over $250,000 of cash 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 value attributable to the variable account, and $0.08 per $1,000 over $25,000 of cash value attributable to the variable account. This charge is assessed monthly against each policy by liquidating units. For Choice Life ProtectionSM policies and Best of America® ProtectionSM policies, 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 policy by liquidating units.
(c) Survivorship Life Policies (SL)
For The Best of America® Last Survivorship II and The Best of America® ChoiceLife Survivorship policies, 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 policy by liquidating units.
For The Best of America® ChoiceLifeSM Survivorship II and Next GenerationSM Survivorship Life policies, 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 policy by liquidating units.
For The Best of America® ProtectionSM Survivorship and ChoiceLife ProtectionSM Survivorship Life policies, 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 policy by liquidating units.
(d) Corporate Policies (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 Separate 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 Separate 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 policies 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 Separate 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 policy 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 Separate Account. Currently, this rate will not exceed 0.60%. This charge is assessed monthly against each policy 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.
(5) Death Benefits
Death benefit proceeds result in a surrender of the policy value from the Separate Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. In the event that the guaranteed death benefit exceeds the policy value on the date of death, the excess is paid by the Companys general account. Death benefits are included within the surrenders line item in the equity transactions section of the Statements of Changes in Contract Owners Equity.
(6) Policy Loans (Net of Repayments)
Policy provisions allow policyholders 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 Separate 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 Separate Account. Loan repayments result in a transfer of collateral including interest credited back to the Separate Account. Policy loans (net of repayments) are included within the surrenders line item in the equity transactions section of the Statements of Changes in Contract Owners Equity.
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
(7) Related Party Transactions
The Company performs various services on behalf of the mutual fund companies in which the Separate 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.
Policyholders may, with certain restrictions, transfer their assets between the Separate Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. These transfers are the result of the policyholder executing fund exchanges. Fund exchanges from the Separate Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Separate Account are included in purchase payments received from policyholders, as applicable, on the accompanying Statements of Changes in Contract Owners Equity. Policy loan transactions (note 5), executed at the direction of the policyholder, also result in transfers between the Separate Account and the fixed account of the Company. The fixed account assets are not reflected in the accompanying financial statements. For the years ended December 31, 2021 and 2020, total transfers to the Separate Account from the fixed account were $47,018,374 and $48,732,969, respectively, and total transfers from the Separate Account to the fixed account were $66,492,799 and $59,260,515, respectively.
(8) 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 Separate Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.
In accordance with FASB ASC 820, the Separate 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 Separate 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, quotes prices for identical or similar assets or liabilities in markets that are not active or inputs (other than quotes 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, Secures Overnight Financing Rate, prime rates, cash flows, maturity dates, callability, 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 following table summarizes assets measured at fair value on a recurring basis as of December 31, 2021:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Separate Account Investments |
$ | 6,991,441,547 | $ | - | $ | - | $ | 6,991,441,547 |
The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2021 are as follows:
Subaccount Abbreviation* |
Purchases of Investments |
Sales of Investments |
||||||
ALVDAA |
$ | 5,169 | $ | 1,644 | ||||
ALVGIA |
6,184,741 | 6,453,136 | ||||||
ALVIVA |
1,240,606 | 1,158,415 | ||||||
ALVIVB |
246,778 | 945 | ||||||
ALVSVA |
5,306,851 | 5,871,941 | ||||||
ACVCA |
686,594 | 732,177 | ||||||
ACVI |
279,637 | 373,516 | ||||||
ACVIG |
4,243,444 | 1,533,929 | ||||||
ACVIP1 |
16,351,434 | 8,847,343 | ||||||
ACVIP2 |
2,141,808 | 1,688,148 | ||||||
ACVMV1 |
1,793,097 | 2,387,008 | ||||||
ACVV |
5,015,708 | 5,539,301 | ||||||
AMVAA2 |
3,885,025 | 4,019,032 | ||||||
AMVBD2 |
3,636,162 | 1,138,434 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
AMVGB2 |
2,995,914 | 881,375 | ||||||
AMVGI2 |
216,901 | 36,146 | ||||||
AMVGR2 |
16,912,415 | 13,820,299 | ||||||
AMVGS2 |
1,221,540 | 601,969 | ||||||
AMVI2 |
7,635,813 | 8,302,203 | ||||||
AMVNW2 |
6,803,147 | 2,394,544 | ||||||
PIHYB1 |
538,368 | 1,038,716 | ||||||
BRVHYI |
7,040,209 | 4,518,569 | ||||||
MLVGA2 |
3,803,171 | 1,847,260 | ||||||
MLVLC2 |
558,456 | 86,259 | ||||||
DCAP |
4,056,136 | 27,653,774 | ||||||
DSC |
56,238 | 224,958 | ||||||
DSIF |
100,229,514 | 88,916,215 | ||||||
DSRG |
899,369 | 1,986,706 | ||||||
DVMCS |
1,087,161 | 1,913,536 | ||||||
DVSCS |
20,776,532 | 27,940,226 | ||||||
CVSPIP |
314,871 | 410,522 | ||||||
SASP5I |
38,341,337 | 49,198,575 | ||||||
DAVVL |
1,528,100 | 439,051 | ||||||
DWVEMS |
1,164,685 | 1,206,796 | ||||||
DWVSVS |
6,041,303 | 6,650,790 | ||||||
DFVEA |
11,214 | 269 | ||||||
DFVGMI |
93,602 | 169,859 | ||||||
DFVIPS |
3,135,580 | 3,133,937 | ||||||
DFVIS |
2,815 | 7,480 | ||||||
DFVIV |
21,847 | 1,241 | ||||||
DFVULV |
1,629,765 | 2,350,483 | ||||||
DFVUTV |
3,940,599 | 2,007,518 | ||||||
DSGIBA |
40,342 | 33,952 | ||||||
SVSLVB |
12,300 | 6,691 | ||||||
SVSSVB |
5,798 | 9,745 | ||||||
ETVFR |
9,508,110 | 2,994,913 | ||||||
FQB |
3,124,005 | 3,053,997 | ||||||
FVU2 |
144,023 | 88,804 | ||||||
FVUS2 |
255,637 | 1,173,794 | ||||||
FCS |
10,694,244 | 5,197,824 | ||||||
FEIS |
12,415,637 | 6,348,244 | ||||||
FEMS |
9,427,304 | 7,627,828 | ||||||
FF05S |
199,203 | 1,111,145 | ||||||
FF10S |
797,446 | 731,514 | ||||||
FF15S |
4,028,609 | 2,757,249 | ||||||
FF20S |
7,137,364 | 5,853,638 | ||||||
FF25S |
12,252,110 | 7,906,885 | ||||||
FF30S |
15,591,405 | 7,823,219 | ||||||
FF35S |
5,747,468 | 3,370,130 | ||||||
FF40S |
8,636,928 | 4,652,369 | ||||||
FF45S |
1,062,654 | 439,221 | ||||||
FF50S |
791,389 | 869,748 | ||||||
FF55S |
436,091 | 103,150 | ||||||
FF60S |
1,545,112 | 1,247,171 | ||||||
FF65S |
7,150 | 97 | ||||||
FFINS |
520,176 | 856,556 | ||||||
FGOS |
57,485 | 95,360 | ||||||
FGS |
50,064,253 | 24,675,122 | ||||||
FHIS |
1,351,155 | 814,971 | ||||||
FIGBS |
42,820,657 | 31,839,255 | ||||||
FIP |
36,624,808 | 35,757,998 | ||||||
FMCS |
8,629,870 | 5,728,771 | ||||||
FMMP |
14,796,127 | 20,077,958 | ||||||
FNRS2 |
2,066,209 | 1,540,375 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
FOS |
2,428,766 | 1,600,272 | ||||||
FRESS |
704,256 | 2,554,621 | ||||||
FVBIS |
3,863 | 6 | ||||||
FVEMIS |
733 | 16 | ||||||
FVIIS |
2,999 | 101 | ||||||
FVMIS |
8,031 | 2,393 | ||||||
FVSS |
1,020,660 | 604,561 | ||||||
FTVDM2 |
477,027 | 385,478 | ||||||
FTVFA2 |
52,908 | 23,106 | ||||||
FTVGB1 |
5,341,047 | 5,093,193 | ||||||
FTVGI2 |
440,558 | 528,306 | ||||||
FTVIS2 |
340,640 | 597,901 | ||||||
FTVMD2 |
202,586 | 381,159 | ||||||
FTVRDI |
1,122,857 | 23,309,116 | ||||||
FTVSV2 |
4,540,908 | 3,074,001 | ||||||
FTVSVI |
1,872,740 | 1,242,608 | ||||||
TIF |
16,419 | 34,015 | ||||||
TIF2 |
2,190,197 | 3,441,819 | ||||||
GVCSE |
1,014,947 | 835,538 | ||||||
GVGMNS |
6,818 | 821 | ||||||
GVGOPS |
607,356 | 356,707 | ||||||
GVMCE |
6,251,730 | 6,060,771 | ||||||
GVMSAS |
10,318 | 2,641 | ||||||
RVARS |
12,006 | 288,730 | ||||||
ACEG |
470,522 | 467,848 | ||||||
ACGI |
1,086,100 | 3,087,951 | ||||||
AVHY1 |
429,370 | 812,464 | ||||||
AVIE |
9,922,914 | 5,298,995 | ||||||
AVMCCI |
44,771 | 23,934 | ||||||
AVSCE |
309,727 | 272,204 | ||||||
IVBRA1 |
302,926 | 209,818 | ||||||
MSVMV |
15 | - | ||||||
OVAG |
9,583,302 | 4,507,388 | ||||||
OVGI |
3,365,525 | 42,087,957 | ||||||
OVGR |
1,493,020 | 1,488,094 | ||||||
OVGS |
14,738,612 | 16,796,998 | ||||||
OVIG |
4,949,680 | 3,111,526 | ||||||
OVSB |
1,083,775 | 1,132,769 | ||||||
OVSC |
1,832,292 | 1,136,169 | ||||||
WRASP |
1,326,122 | 991,953 | ||||||
WRGP |
2,143,266 | 935,231 | ||||||
WRHIP |
3,836,741 | 4,271,886 | ||||||
WRMCG |
2,663,056 | 2,018,510 | ||||||
WRRESP |
3,269,764 | 2,770,268 | ||||||
WRSTP |
9,917,716 | 7,737,127 | ||||||
JPMMV1 |
13,780,051 | 11,217,193 | ||||||
JPSCE1 |
565,439 | 92,959 | ||||||
JABS |
5,952,789 | 5,928,340 | ||||||
JACAS |
12,172,255 | 9,658,217 | ||||||
JAEI |
204,280 | 1,250,651 | ||||||
JAFBS |
2,674,947 | 2,161,258 | ||||||
JAGTS |
9,770,198 | 7,562,578 | ||||||
JAIGS |
928,401 | 1,323,681 | ||||||
JAMGS |
10,893,486 | 10,234,319 | ||||||
JAMVS |
11,656 | 19,587 | ||||||
LZREMS |
3,314,741 | 4,985,268 | ||||||
SBVSG |
12,772,660 | 12,626,630 | ||||||
BNCAI |
1,342,303 | 1,167,929 | ||||||
LOVBD |
622,950 | 439,725 | ||||||
LOVMCV |
278 | 1,435 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
LOVSDC |
6,574,175 | 7,103,489 | ||||||
LOVTRC |
6,369,307 | 21,771,805 | ||||||
MNVFRS |
6,229 | 868 | ||||||
MEGSS |
6,204 | 11 | ||||||
MMCGSC |
2,346,170 | 938,031 | ||||||
MNDIC |
730,748 | 995,274 | ||||||
MNDSC |
2,382,345 | 451,596 | ||||||
MV2EEI |
1,109 | 19 | ||||||
MV2EES |
170,575 | 19,112 | ||||||
MV2IGI |
846,098 | 601,721 | ||||||
MV2RIS |
2,352,638 | 640,637 | ||||||
MV3MVI |
467,746 | 150,213 | ||||||
MV3MVS |
618,855 | 856,269 | ||||||
MVBRES |
703,629 | 462,949 | ||||||
MVFIC |
1,007,643 | 1,388,993 | ||||||
MVFSC |
21,857,612 | 18,351,204 | ||||||
MVIGIC |
291,218 | 113,884 | ||||||
MVIVSC |
13,614,270 | 17,535,786 | ||||||
MVRBSS |
1,274,049 | 535,245 | ||||||
MSEM |
1,467,386 | 1,340,300 | ||||||
MSVEG |
16,819,370 | 8,203,797 | ||||||
MSVFI |
673,068 | 347,423 | ||||||
MSVMG |
5,001,906 | 4,090,271 | ||||||
MSVRE |
1,787,206 | 1,714,844 | ||||||
VKVGR2 |
1,523,489 | 2,198,629 | ||||||
DTRTFB |
313,313 | 4,626 | ||||||
EIF |
1,341,973 | 2,074,594 | ||||||
GBF |
21,929,523 | 17,627,679 | ||||||
GEM |
2,072,500 | 2,045,133 | ||||||
GIG |
3,527,755 | 3,126,576 | ||||||
GVAAA2 |
1,230,640 | 1,003,988 | ||||||
GVABD2 |
544,295 | 499,081 | ||||||
GVAGG2 |
1,220,095 | 1,798,278 | ||||||
GVAGI2 |
1,215,770 | 864,109 | ||||||
GVAGR2 |
3,674,511 | 2,495,876 | ||||||
GVDMA |
9,703,452 | 9,227,947 | ||||||
GVDMC |
5,678,364 | 5,224,305 | ||||||
GVEX1 |
5,235,379 | 1,651,807 | ||||||
GVIDA |
8,809,891 | 5,880,842 | ||||||
GVIDC |
5,485,711 | 3,884,515 | ||||||
GVIDM |
7,110,382 | 11,222,926 | ||||||
GVIX2 |
526,723 | 643,257 | ||||||
HIBF |
3,289,956 | 2,417,376 | ||||||
IDPG |
352,543 | 73,972 | ||||||
IDPGI |
1,797 | 666 | ||||||
MCIF |
18,146,305 | 18,330,198 | ||||||
MSBF |
2,092,694 | 1,470,465 | ||||||
NCPG |
97,780 | 9,333 | ||||||
NCPGI |
481 | 322 | ||||||
NJMMA2 |
- | 54,942 | ||||||
NJMMAY |
48,825 | 5,706 | ||||||
NVAMV1 |
495,797 | 5,460,996 | ||||||
NVAMVX |
4,905,278 | 3,751,700 | ||||||
NVBX |
46,720,393 | 181,288,051 | ||||||
NVCBD1 |
466,624 | 1,327,275 | ||||||
NVCCA1 |
671,926 | 923,759 | ||||||
NVCCN1 |
965,743 | 1,454,887 | ||||||
NVCMA1 |
1,236,883 | 671,890 | ||||||
NVCMC1 |
953,853 | 1,743,342 | ||||||
NVCMD1 |
2,249,562 | 906,386 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
NVCRA1 |
1,235,549 | 1,233,025 | ||||||
NVCRB1 |
2,086,572 | 1,472,027 | ||||||
NVDBL2 |
70,792 | 395,966 | ||||||
NVDCA2 |
14,753 | 151,799 | ||||||
NVDCAP |
98,527 | 16,393 | ||||||
NVFIII |
3,808 | 86,580 | ||||||
NVGEII |
50,825 | 17,490 | ||||||
NVIDMP |
2,704,018 | 161,678 | ||||||
NVIE6 |
5,351 | 4,181 | ||||||
NVIX |
12,154,578 | 8,997,748 | ||||||
NVLCP1 |
4,150,114 | 534,310 | ||||||
NVMIG1 |
2,809,444 | 2,292,082 | ||||||
NVMIVX |
505,804 | 292,614 | ||||||
NVMLG1 |
5,179,369 | 2,273,219 | ||||||
NVMMG1 |
13,608,678 | 9,645,832 | ||||||
NVMMV1 |
3,689,149 | 3,074,900 | ||||||
NVMMV2 |
533,194 | 2,261,801 | ||||||
NVNMO1 |
692,863 | 1,718,620 | ||||||
NVNSR1 |
473,894 | 47,707 | ||||||
NVOLG1 |
90,424,932 | 20,775,518 | ||||||
NVRE1 |
5,449,800 | 4,649,463 | ||||||
NVSIX2 |
1,205,096 | 392,853 | ||||||
NVSIXD |
29,830 | 1,276 | ||||||
NVSTB1 |
162,318,854 | 31,411,427 | ||||||
NVSTB2 |
616,452 | 1,736,076 | ||||||
NVTIV3 |
21,223 | 53,032 | ||||||
SAM |
6,435,641 | 9,527,547 | ||||||
SAM5 |
176,079,238 | 138,686,729 | ||||||
SCF |
5,118,896 | 4,673,002 | ||||||
SCGF |
7,044,336 | 5,709,448 | ||||||
SCVF |
7,067,086 | 7,169,088 | ||||||
TRF |
3,589,493 | 3,769,929 | ||||||
AMCG |
593,421 | 610,855 | ||||||
AMMCGS |
227,240 | 218,807 | ||||||
AMRI |
75 | 19,804 | ||||||
AMSRS |
99,159 | 353,823 | ||||||
AMTB |
4,849,704 | 1,718,922 | ||||||
NOTB3 |
19,962 | 3,785 | ||||||
NOTG3 |
3,950 | 2,309 | ||||||
NOTMG3 |
5,493 | 8,606 | ||||||
PMVAAA |
1,891,538 | 1,839,574 | ||||||
PMVFBA |
190,365 | 107,627 | ||||||
PMVFHA |
180,758 | 175,031 | ||||||
PMVGBA |
684,950 | 237,724 | ||||||
PMVHYA |
361,728 | 203,531 | ||||||
PMVLDA |
18,828,322 | 15,107,941 | ||||||
PMVLGA |
8,403,521 | 7,567,809 | ||||||
PMVRRA |
14,250,857 | 10,692,661 | ||||||
PMVRSA |
207,873 | 24,344 | ||||||
PMVTRA |
17,758,037 | 21,635,457 | ||||||
PVEIB |
702,136 | 459,037 | ||||||
PVGOB |
433,088 | 765,050 | ||||||
PVTIGB |
201,391 | 353,701 | ||||||
PVTSCB |
757,948 | 733,762 | ||||||
ROCMC |
970,223 | 1,219,469 | ||||||
TRBCGP |
31,731,997 | 29,268,470 | ||||||
TREI2 |
6,366,209 | 7,927,413 | ||||||
TRHS2 |
3,782,206 | 4,814,963 | ||||||
TRLT1 |
19,108,414 | 4,859,761 | ||||||
TRMCG2 |
14,989,702 | 8,240,744 |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
TRNAG1 |
32,409,034 | 22,195,912 | ||||||
TRPSB1 |
3,113,367 | 3,238,356 | ||||||
VWEM |
900,930 | 2,500,283 | ||||||
VWHA |
6,031,584 | 6,210,991 | ||||||
VVB |
7,481,193 | 2,107,826 | ||||||
VVCG |
3,751,968 | 3,330,090 | ||||||
VVEI |
553,943 | 82,158 | ||||||
VVEIX |
9,748 | 15,016 | ||||||
VVG |
340,886 | 45,974 | ||||||
VVGBI |
88,865 | 1,195 | ||||||
VVHGB |
6,157,121 | 6,399,033 | ||||||
VVI |
2,384,254 | 3,861,519 | ||||||
VVMCI |
4,422,249 | 5,208,765 | ||||||
VVREI |
609,950 | 1,368,570 | ||||||
VVSCG |
2,069,901 | 2,772,537 | ||||||
VVSTC |
140,236 | 30,765 | ||||||
VVTISI |
2,689,707 | 4,251,504 | ||||||
VVTSM |
168,906 | 1,866 | ||||||
VRVDRI |
1,632,028 | 919,518 | ||||||
SVDF |
6,574,367 | 7,207,039 | ||||||
SVOF |
510,105 | 835,842 | ||||||
WFVSCG |
5,026,305 | 2,917,882 | ||||||
AVBVI |
- | 15 | ||||||
|
|
|
|
|||||
$ | 1,720,655,580 | $ | 1,527,404,850 | |||||
|
|
|
|
* | Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b). |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
(9) Financial Highlights
The Company offers several variable life products through the Separate Account that have unique combinations of features and fees that are assessed to the policyholder. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns. The following tabular presentation is a summary of units, unit fair values, contract owners equity outstanding and contract expense rates for variable life insurance policies as of December 31, 2021, and the investment income ratio and total return for each of the periods in the five-year period ended December 31, 2021. The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate for contracts with units outstanding as of the balance sheet date. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented. Total return and investment income ratio for periods with no ending Contract Owners Equity were considered to be irrelevant, and therefore are not presented.
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,635 | $ | 17.47 | $ | 28,571 | 1.99% | 9.67% | ||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,451 | 15.93 | 23,119 | 1.74% | 5.02% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 1,774 | 15.17 | 26,914 | 2.15% | 15.51% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 1,666 | 13.13 | 21,881 | 1.80% | -7.07% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 1,959 | 14.13 | 27,685 | 1.97% | 14.67% | ||||||||||||||||||||||||||||||||||||||||||
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 567,003 | 59.48 | to | 56.68 | 32,672,925 | 0.84% | 28.16% | to | 27.84% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 577,227 | 46.41 | to | 44.34 | 25,991,257 | 1.57% | 2.72% | to | 2.46% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 670,740 | 45.18 | to | 43.27 | 29,343,082 | 1.24% | 23.91% | to | 23.60% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 613,461 | 36.46 | to | 35.01 | 21,706,547 | 1.01% | -5.61% | to | -5.84% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 618,577 | 38.63 | to | 37.18 | 23,253,399 | 1.31% | 18.92% | to | 18.63% | ||||||||||||||||||||||||||||||||||||
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class A (ALVIVA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 395,578 | 11.13 | to | 10.70 | 4,352,014 | 1.77% | 11.08% | to | 10.81% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 393,562 | 10.02 | to | 9.66 | 3,894,256 | 1.98% | 2.47% | to | 2.21% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 383,564 | 9.78 | to | 9.45 | 3,705,958 | 0.76% | 17.14% | to | 16.84% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 598,205 | 8.35 | to | 8.09 | 4,909,849 | 1.41% | -22.79% | to | -22.98% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 761,593 | 10.81 | to | 10.50 | 8,084,125 | 2.20% | 25.42% | to | 25.11% | ||||||||||||||||||||||||||||||||||||
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 17,681 | 13.71 | 242,444 | 8.48% | 10.85% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 2,377 | 12.10 | 28,766 | 1.17% | 16.79% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 1,247 | 10.36 | 12,922 | 1.48% | -22.98% | ||||||||||||||||||||||||||||||||||||||||||
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 250,243 | 75.25 | to | 71.82 | 18,693,636 | 0.78% | 35.95% | to | 35.61% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 260,144 | 55.35 | to | 52.96 | 14,255,486 | 1.06% | 3.37% | to | 3.11% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 256,880 | 53.55 | to | 51.36 | 13,645,470 | 0.52% | 20.10% | to | 19.80% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 386,451 | 44.59 | to | 42.87 | 17,041,808 | 0.48% | -15.03% | to | -15.24% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 410,273 | 52.47 | to | 50.58 | 21,278,969 | 0.45% | 13.15% | to | 12.87% | ||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 28,832 | 28.69 | to | 28.36 | 819,054 | 0.00% | 11.04% | to | 10.88% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 34,278 | 26.01 | to | 25.58 | 878,528 | 0.00% | 42.46% | to | 42.10% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 48,363 | 18.26 | to | 18.00 | 871,142 | 0.00% | 35.56% | to | 35.23% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 47,564 | 13.47 | to | 13.31 | 633,316 | 0.00% | -5.20% | to | -5.43% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 50,552 | 14.21 | to | 14.08 | 711,879 | 0.00% | 21.79% | to | 21.49% | ||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | 68,327 | 33.69 | 2,302,078 | 0.15% | 8.64% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.20% | 77,571 | 38.58 | to | 24.05 | 2,289,880 | 0.54% | 25.88% | to | 25.63% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 97,122 | 30.65 | to | 18.96 | 2,270,641 | 0.90% | 28.42% | to | 28.10% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 123,291 | 23.86 | to | 14.80 | 1,840,381 | 1.16% | -15.22% | to | -15.43% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 72,406 | 28.15 | to | 17.50 | 1,277,260 | 0.86% | 31.21% | to | 30.88% | ||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.10% | 460,810 | 58.10 | to | 43.72 | 25,535,574 | 1.08% | 23.65% | to | 23.53% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 482,447 | 46.99 | to | 33.82 | 21,566,529 | 1.93% | 11.81% | to | 11.53% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 571,931 | 42.02 | to | 30.32 | 22,293,548 | 2.09% | 23.95% | to | 23.64% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 596,221 | 33.90 | to | 24.52 | 18,762,900 | 1.93% | -6.87% | to | -7.10% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 607,215 | 36.40 | to | 26.40 | 20,764,699 | 2.36% | 20.49% | to | 20.19% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,917,377 | 13.15 | to | 12.33 | 36,224,321 | 3.51% | 6.61% | to | 6.35% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,375,089 | 12.34 | to | 11.59 | 27,669,630 | 1.63% | 9.81% | to | 9.53% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,341,496 | 11.23 | to | 10.58 | 24,880,391 | 2.56% | 9.16% | to | 8.88% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,146,672 | 10.29 | to | 9.72 | 20,910,804 | 3.06% | -2.57% | to | -2.82% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,131,092 | 10.56 | to | 10.00 | 21,353,805 | 2.85% | 3.92% | to | 3.67% | ||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 398,336 | 20.76 | 8,269,254 | 3.14% | 6.27% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 387,824 | 19.53 | 7,576,124 | 1.32% | 9.55% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 431,303 | 17.83 | 7,690,717 | 2.31% | 8.90% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 455,259 | 16.37 | 7,454,284 | 2.80% | -2.82% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 540,339 | 16.85 | 9,103,962 | 2.60% | 3.67% | ||||||||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 229,275 | 51.83 | to | 49.71 | 11,770,108 | 1.14% | 23.20% | to | 22.90% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 244,358 | 42.07 | to | 40.45 | 10,195,136 | 1.80% | 1.21% | to | 0.96% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 301,093 | 41.57 | to | 40.07 | 12,371,588 | 2.04% | 29.15% | to | 28.83% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 353,741 | 32.18 | to | 31.10 | 11,262,539 | 1.40% | -12.84% | to | -13.05% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 403,277 | 36.92 | to | 35.77 | 14,745,572 | 1.49% | 11.69% | to | 11.42% | ||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2017 | 0.25% | 10,496 | 29.74 | 312,162 | 0.29% | 31.90% | ||||||||||||||||||||||||||||||||||||||||||
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 274,453 | 66.16 | to | 54.04 | 16,435,748 | 1.74% | 24.51% | to | 24.20% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 297,613 | 53.14 | to | 43.51 | 13,921,528 | 2.21% | 0.98% | to | 0.73% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 522,839 | 52.62 | to | 43.20 | 24,525,906 | 2.13% | 27.03% | to | 26.72% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 656,692 | 41.42 | to | 34.09 | 22,965,394 | 1.69% | -9.15% | to | -9.38% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 668,081 | 45.60 | to | 37.62 | 25,745,004 | 1.66% | 8.75% | to | 8.48% | ||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 542,524 | 28.18 | to | 27.20 | 14,972,180 | 1.53% | 15.10% | to | 14.81% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 573,430 | 24.48 | to | 23.69 | 13,753,760 | 1.63% | 12.46% | to | 12.18% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 662,559 | 21.77 | to | 21.12 | 14,089,699 | 2.03% | 21.23% | to | 20.93% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 597,801 | 17.96 | to | 17.46 | 10,499,057 | 1.61% | -4.60% | to | -4.84% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 657,734 | 18.83 | to | 18.35 | 12,132,971 | 1.71% | 16.23% | to | 15.94% | ||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - The Bond Fund of America: Class 2 (AMVBD2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 3,807,023 | 15.76 | to | 15.43 | 59,991,619 | 1.41% | -0.41% | to | -0.56% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 3,852,883 | 15.83 | to | 15.51 | 60,963,144 | 2.05% | 9.62% | to | 9.46% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 4,889,291 | 14.61 | to | 14.17 | 70,574,452 | 2.57% | 9.36% | to | 9.08% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 5,492,418 | 13.36 | to | 12.99 | 72,571,100 | 2.45% | -0.71% | to | -0.96% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.20% | 5,515,445 | 13.46 | to | 13.19 | 73,478,481 | 1.93% | 3.66% | to | 3.46% | ||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - Capital World Bond Fund: Class 2 (AMVGB2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 430,794 | 11.00 | to | 10.93 | 4,717,360 | 2.01% | -4.92% | to | -5.16% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 255,848 | 11.57 | to | 11.52 | 2,951,907 | 2.41% | 9.90% | to | 9.62% | **** | |||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - Growth-Income Fund: Class 2 (AMVGI2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 104,260 | 15.49 | to | 15.39 | 1,614,656 | 1.18% | 24.10% | to | 23.79% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 93,725 | 12.48 | to | 12.43 | 1,169,808 | 2.16% | 13.55% | to | 13.26% | ||||||||||||||||||||||||||||||||||||
2019 | 0.25% | 609 | 10.97 | 6,683 | 1.01% | 9.75% | * | *** | ||||||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - Growth Fund: Class 2 (AMVGR2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,070,176 | 53.95 | to | 52.09 | 56,308,810 | 0.22% | 21.99% | to | 21.68% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,151,502 | 44.22 | to | 42.81 | 49,555,520 | 0.32% | 52.08% | to | 51.70% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,167,629 | 29.08 | to | 28.22 | 33,043,364 | 0.76% | 30.77% | to | 30.45% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,167,950 | 22.24 | to | 21.63 | 25,332,833 | 0.45% | -0.25% | to | -0.50% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,212,032 | 22.29 | to | 21.74 | 26,407,760 | 0.54% | 28.29% | to | 27.97% | ||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 2 (AMVGS2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 137,954 | 26.20 | to | 25.30 | 3,522,508 | 0.00% | 6.74% | to | 6.47% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 117,032 | 24.54 | to | 23.76 | 2,794,726 | 0.18% | 29.72% | to | 29.40% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 144,805 | 18.92 | to | 18.36 | 2,666,654 | 0.17% | 31.52% | to | 31.19% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 116,395 | 14.39 | to | 14.00 | 1,634,484 | 0.09% | -10.55% | to | -10.77% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 93,070 | 16.08 | to | 15.69 | 1,465,090 | 0.41% | 25.89% | to | 25.58% | ||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - International Fund: Class 2 (AMVI2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,667,203 | 17.16 | to | 16.71 | 28,123,655 | 2.42% | -1.50% | to | -1.74% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,744,578 | 17.42 | to | 17.01 | 29,888,214 | 0.67% | 13.97% | to | 13.69% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,839,312 | 15.29 | to | 14.96 | 27,674,405 | 1.51% | 22.88% | to | 22.58% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,818,914 | 12.44 | to | 12.20 | 22,293,777 | 2.55% | -13.13% | to | -13.35% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 834,512 | 14.32 | to | 14.08 | 11,778,016 | 1.41% | 32.14% | to | 31.82% | ||||||||||||||||||||||||||||||||||||
American Funds Insurance Series(R) - New World Fund: Class 2 (AMVNW2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,507,093 | 19.38 | to | 19.11 | 48,299,694 | 0.87% | 4.92% | to | 4.66% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,379,885 | 18.48 | to | 18.26 | 43,742,283 | 0.06% | 23.58% | to | 23.27% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 268,304 | 14.95 | to | 14.81 | 3,981,479 | 1.22% | 29.14% | to | 28.82% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 133,700 | 11.58 | to | 11.50 | 1,539,523 | 1.01% | -14.04% | to | -14.25% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 69,651 | 13.47 | to | 13.41 | 934,502 | 0.93% | 29.44% | to | 29.12% | ||||||||||||||||||||||||||||||||||||
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 93,320 | 37.77 | to | 36.69 | 3,507,061 | 5.14% | 5.60% | to | 5.44% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 112,418 | 36.43 | to | 34.80 | 3,991,717 | 5.39% | 2.48% | to | 2.23% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 98,275 | 35.55 | to | 34.04 | 3,388,420 | 4.91% | 14.45% | to | 14.16% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 129,139 | 31.06 | to | 29.82 | 3,873,351 | 4.71% | -3.33% | to | -3.57% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 123,896 | 32.13 | to | 30.92 | 3,868,606 | 4.49% | 7.26% | to | 6.99% | ||||||||||||||||||||||||||||||||||||
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I (BRVHYI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,634,147 | 14.41 | to | 14.15 | 23,317,657 | 4.49% | 5.34% | to | 5.08% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,529,228 | 13.68 | to | 13.47 | 20,708,453 | 5.28% | 7.27% | to | 7.00% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,556,089 | 12.76 | to | 12.59 | 19,672,675 | 5.46% | 15.29% | to | 15.00% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,008,812 | 11.07 | to | 10.95 | 11,078,325 | 5.52% | -2.66% | to | -2.90% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 674,468 | 11.37 | to | 11.27 | 7,624,278 | 5.15% | 7.34% | to | 7.07% | ||||||||||||||||||||||||||||||||||||
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II (MLVGA2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 498,612 | 27.29 | to | 14.90 | 12,026,039 | 0.78% | 6.55% | to | 6.28% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 480,157 | 25.61 | to | 14.02 | 11,095,739 | 1.17% | 20.80% | to | 20.50% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 509,702 | 21.20 | to | 11.64 | 9,771,507 | 1.16% | 17.83% | to | 17.54% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 548,347 | 17.99 | to | 9.90 | 9,091,664 | 0.77% | -7.52% | to | -7.75% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 553,607 | 19.45 | to | 10.73 | 10,403,504 | 1.21% | 13.74% | to | 7.31% | **** | |||||||||||||||||||||||||||||||||||
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class II (MLVLC2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.20% | 23,705 | 50.12 | to | 49.29 | 1,171,120 | 1.34% | 28.07% | to | 27.95% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.20% | 24,912 | 39.75 | to | 38.53 | 962,124 | 0.80% | 19.66% | to | 19.42% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 54,258 | 33.22 | to | 32.03 | 1,756,475 | 1.29% | 28.67% | to | 28.34% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 53,409 | 25.82 | to | 24.95 | 1,335,626 | 1.39% | -5.37% | to | -5.60% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 50,795 | 27.28 | to | 26.43 | 1,344,649 | 1.11% | 22.08% | to | 21.77% | ||||||||||||||||||||||||||||||||||||
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 81,013 | 75.67 | to | 49.79 | 4,683,481 | 0.43% | 27.13% | to | 26.81% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 436,455 | 59.52 | to | 39.26 | 24,714,500 | 0.78% | 23.69% | to | 23.38% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 482,959 | 48.12 | to | 31.82 | 22,238,731 | 1.17% | 36.10% | to | 35.76% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 527,909 | 35.36 | to | 23.44 | 17,817,986 | 1.26% | -6.85% | to | -7.09% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 624,328 | 37.96 | to | 25.23 | 22,335,911 | 1.34% | 27.33% | to | 27.01% | ||||||||||||||||||||||||||||||||||||
BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares (DSC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 30,022 | 44.52 | 1,336,502 | 0.11% | 16.46% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 33,924 | 38.23 | 1,296,751 | 0.62% | 19.89% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 37,209 | 31.88 | 1,186,335 | 0.00% | 21.78% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 39,841 | 26.18 | 1,043,086 | 0.00% | -19.08% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 44,940 | 32.35 | 1,453,941 | 0.00% | 24.68% | ||||||||||||||||||||||||||||||||||||||||||
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 18,012,070 | 72.44 | to | 49.23 | 997,251,899 | 1.15% | 28.41% | to | 28.09% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 18,895,784 | 56.41 | to | 38.43 | 811,042,302 | 1.60% | 18.01% | to | 17.71% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 18,394,093 | 47.80 | to | 32.65 | 669,548,652 | 1.70% | 31.18% | to | 30.86% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 21,793,980 | 36.44 | to | 24.95 | 601,853,775 | 1.67% | -4.63% | to | -4.87% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 21,680,304 | 38.21 | to | 26.23 | 633,309,526 | 1.75% | 21.54% | to | 21.24% | ||||||||||||||||||||||||||||||||||||
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.10% | 313,751 | 58.18 | to | 41.46 | 18,108,306 | 0.76% | 27.00% | to | 26.87% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.10% | 346,524 | 45.81 | to | 32.68 | 15,685,517 | 1.08% | 24.14% | to | 24.02% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 366,776 | 36.90 | to | 23.53 | 13,371,760 | 1.46% | 34.36% | to | 34.02% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 386,790 | 27.47 | to | 17.56 | 10,470,618 | 1.76% | -4.40% | to | -4.64% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 411,484 | 28.73 | to | 18.41 | 11,685,824 | 1.15% | 15.33% | to | 15.05% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Initial Shares (DVMCS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 42,610 | 60.31 | to | 57.46 | 2,477,026 | 0.73% | 25.88% | to | 25.57% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 59,486 | 47.91 | to | 45.76 | 2,744,403 | 0.89% | 8.11% | to | 7.84% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 75,349 | 44.32 | to | 42.44 | 3,214,822 | 0.66% | 20.18% | to | 19.88% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 74,955 | 36.87 | to | 35.40 | 2,666,623 | 0.57% | -15.49% | to | -15.70% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 79,253 | 43.63 | to | 41.99 | 3,337,867 | 1.05% | 15.38% | to | 15.09% | ||||||||||||||||||||||||||||||||||||
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,859,243 | 62.99 | to | 59.97 | 175,293,823 | 0.67% | 26.14% | to | 25.83% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 3,052,369 | 49.94 | to | 47.66 | 148,133,011 | 1.06% | 10.64% | to | 10.36% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,550,810 | 45.14 | to | 43.19 | 111,650,145 | 0.87% | 22.21% | to | 21.91% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,735,357 | 36.93 | to | 35.43 | 97,970,697 | 0.80% | -8.97% | to | -9.20% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,723,622 | 40.57 | to | 39.02 | 107,428,413 | 0.67% | 12.40% | to | 12.12% | ||||||||||||||||||||||||||||||||||||
Calvert VP S&P 500 Index Portfolio (CVSPIP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 26,661 | 28.45 | to | 28.12 | 750,579 | 1.32% | 28.29% | to | 28.10% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 32,256 | 22.17 | to | 21.95 | 708,700 | 1.07% | 17.98% | to | 17.81% | ||||||||||||||||||||||||||||||||||||
2019 | 0.10% | to | 0.25% | 94,734 | 18.79 | to | 18.64 | 1,770,644 | 1.88% | 31.02% | to | 30.82% | ||||||||||||||||||||||||||||||||||||
2018 | 0.25% | 87,276 | 14.24 | 1,243,205 | 2.20% | -4.97% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.25% | 60,975 | 14.99 | 914,006 | 1.50% | 21.16% | ||||||||||||||||||||||||||||||||||||||||||
Schwab Annuity Portfolios - Schwab(R) S&P 500 Index Portfolio (SASP5I) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 6,563,596 | 16.75 | to | 15.05 | 99,144,530 | 1.32% | 28.67% | to | 28.35% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 7,486,477 | 13.02 | to | 11.72 | 87,825,581 | 1.14% | 18.28% | to | 17.22% | **** | |||||||||||||||||||||||||||||||||||
Davis Variable Account Fund, Inc. - Davis Value Portfolio (DAVVL) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 211,113 | 27.60 | to | 26.63 | 5,699,706 | 0.60% | 17.85% | to | 17.56% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 204,804 | 23.42 | to | 22.65 | 4,710,531 | 0.72% | 11.72% | to | 11.44% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 229,390 | 20.96 | to | 20.33 | 4,720,052 | 1.71% | 31.17% | to | 30.84% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 218,345 | 15.98 | to | 15.54 | 3,435,976 | 0.87% | -13.60% | to | -13.82% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 214,201 | 18.50 | to | 18.03 | 3,912,966 | 0.72% | 22.63% | to | 22.32% | ||||||||||||||||||||||||||||||||||||
Delaware Variable Insurance Product Trust - Delaware VIP Emerging Markets Series: Service Class (DWVEMS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.20% | 376,860 | 17.46 | to | 17.29 | 6,516,872 | 0.06% | -3.23% | to | -3.32% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 380,523 | 18.20 | to | 17.81 | 6,805,948 | 0.48% | 24.69% | to | 24.38% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 401,894 | 14.59 | to | 14.32 | 5,773,615 | 0.39% | 22.25% | to | 21.95% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 358,976 | 11.94 | to | 11.74 | 4,225,470 | 3.05% | -16.03% | to | -16.24% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 337,421 | 14.22 | to | 14.02 | 4,744,381 | 0.36% | 40.23% | to | 39.88% | ||||||||||||||||||||||||||||||||||||
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 861,178 | 27.44 | to | 26.72 | 23,190,699 | 0.61% | 34.01% | to | 33.68% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 896,753 | 20.48 | to | 19.99 | 18,037,109 | 1.06% | -2.18% | to | -2.42% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 933,346 | 20.93 | to | 20.48 | 19,215,008 | 0.78% | 27.72% | to | 27.40% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 911,599 | 16.39 | to | 16.08 | 14,709,180 | 0.60% | -16.94% | to | -17.15% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,154,411 | 19.73 | to | 19.41 | 22,460,622 | 0.65% | 11.76% | to | 11.48% | ||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 704 | 15.20 | 10,703 | 4.54% | 24.37% | * | *** | ||||||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 8,681 | 15.25 | 132,417 | 1.29% | 14.20% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 14,568 | 13.36 | 194,578 | 1.52% | 11.29% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 9,936 | 12.00 | 119,248 | 1.28% | 18.12% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 15,702 | 10.16 | 159,534 | 2.20% | -6.90% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 14,405 | 10.91 | 157,198 | 2.07% | 9.13% | * | *** | ||||||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class (DFVIPS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 591,179 | 13.01 | to | 12.66 | 7,546,948 | 4.36% | 5.58% | to | 5.32% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 626,952 | 12.32 | to | 12.02 | 7,573,340 | 1.31% | 11.72% | to | 11.44% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 376,703 | 11.03 | to | 10.79 | 4,073,497 | 1.60% | 8.46% | to | 8.19% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 434,932 | 10.17 | to | 9.97 | 4,344,883 | 2.14% | -1.33% | to | -1.58% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 397,385 | 10.31 | to | 10.13 | 4,031,136 | 2.32% | 3.27% | to | 3.01% | ||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VA International Small Portfolio (DFVIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,251 | 16.61 | 20,777 | 2.56% | 14.56% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,696 | 14.50 | 24,587 | 3.61% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 101,477 | 13.26 | to | 13.24 | 1,345,228 | 2.68% | 29.69% | to | 29.62% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 6,182 | 12.18 | 75,269 | 5.08% | 18.11% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 4,766 | 10.31 | 49,129 | 4.53% | -1.76% | * | *** | ||||||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio (DFVULV) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 931,888 | 13.68 | to | 13.63 | 12,745,669 | 1.72% | 27.04% | to | 26.72% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,002,523 | 10.77 | to | 10.76 | 10,792,572 | 2.20% | -1.37% | to | -1.62% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 1,081,191 | 10.94 | 11,826,151 | 2.13% | 9.38% | to | 9.36% | **** | |||||||||||||||||||||||||||||||||||||
DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio (DFVUTV) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 249,159 | 19.20 | to | 18.88 | 4,746,289 | 1.67% | 39.68% | to | 39.33% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 164,361 | 13.74 | to | 13.55 | 2,233,405 | 1.82% | 3.98% | to | 3.72% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 197,182 | 13.10 | to | 13.06 | 2,581,343 | 1.48% | 22.31% | to | 22.25% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 191,812 | 10.71 | to | 10.69 | 2,053,122 | 0.92% | -16.04% | to | -16.08% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 196,060 | 12.75 | to | 12.73 | 2,499,660 | 0.92% | 9.55% | to | 9.49% | ||||||||||||||||||||||||||||||||||||
Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A (DSGIBA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 13,452 | 16.17 | 217,489 | 2.24% | 10.95% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 13,532 | 14.57 | 197,181 | 3.12% | 8.28% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 11,797 | 13.46 | 158,758 | 3.80% | 20.16% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 11,090 | 11.20 | 124,199 | 3.31% | -7.66% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 6,616 | 12.13 | 80,243 | 2.16% | 16.54% | ||||||||||||||||||||||||||||||||||||||||||
Deutsche DWS Variable Series II - DWS CROCI(R) U.S. VIP: Class B (SVSLVB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.20% | 1,828 | 20.46 | to | 20.25 | 37,119 | 1.54% | 26.14% | to | 26.02% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 1,592 | 16.22 | to | 15.99 | 25,620 | 1.74% | -12.50% | to | -12.63% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 1,665 | 18.38 | to | 18.30 | 30,585 | 1.51% | 32.22% | to | 32.15% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 1,875 | 13.90 | to | 13.85 | 26,042 | 2.04% | -10.89% | to | -10.93% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 1,517 | 15.60 | to | 15.55 | 23,643 | 0.85% | 22.21% | to | 22.15% | ||||||||||||||||||||||||||||||||||||
Deutsche DWS Variable Series II - DWS Small Mid Cap Value VIP: Class B (SVSSVB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.20% | 6,055 | 24.21 | to | 23.87 | 146,484 | 0.85% | 29.91% | to | 29.78% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.20% | 6,299 | 18.89 | to | 18.39 | 117,330 | 1.22% | -1.11% | to | -1.30% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 10,664 | 19.10 | to | 18.52 | 198,502 | 0.35% | 20.99% | to | 20.69% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 11,981 | 15.79 | to | 15.35 | 184,615 | 0.97% | -16.32% | to | -16.54% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 11,693 | 18.87 | to | 18.39 | 215,626 | 0.36% | 10.13% | to | 9.86% | ||||||||||||||||||||||||||||||||||||
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,314,069 | 14.11 | to | 13.73 | 32,050,768 | 2.89% | 3.63% | to | 3.37% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,903,987 | 13.61 | to | 13.29 | 25,367,931 | 3.30% | 2.00% | to | 1.74% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,943,147 | 13.35 | to | 13.06 | 25,429,132 | 3.95% | 7.08% | to | 6.81% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 5,289,996 | 12.46 | to | 12.23 | 65,197,485 | 3.77% | -0.09% | to | -0.34% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 5,871,380 | 12.47 | to | 12.27 | 72,550,538 | 3.26% | 3.44% | to | 3.18% | ||||||||||||||||||||||||||||||||||||
Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 780,828 | 27.65 | to | 26.12 | 21,379,592 | 2.66% | -1.40% | to | -1.64% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 812,330 | 28.04 | to | 26.56 | 22,440,577 | 2.78% | 8.12% | to | 7.85% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 870,739 | 25.93 | to | 24.63 | 22,123,687 | 2.94% | 9.44% | to | 9.17% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 911,169 | 23.69 | to | 22.56 | 21,184,771 | 3.12% | -0.59% | to | -0.84% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,006,559 | 23.84 | to | 22.75 | 23,572,442 | 3.30% | 4.04% | to | 3.78% | ||||||||||||||||||||||||||||||||||||
Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares (FVU2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 71,964 | 13.10 | 942,615 | 1.69% | 18.51% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 68,791 | 11.05 | 760,314 | 2.64% | 0.93% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 65,636 | 10.95 | 718,748 | 1.97% | 20.23% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 57,964 | 9.11 | 527,945 | 0.00% | -8.92% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Federated Hermes Insurance Series - Federated Hermes Fund for U.S. Government Securities II (FVUS2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 79,357 | 11.18 | to | 11.08 | 884,660 | 2.40% | -2.04% | to | -2.29% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 164,271 | 11.41 | to | 11.34 | 1,872,927 | 0.34% | 5.21% | to | 4.95% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 5,444 | 10.81 | to | 10.80 | 58,799 | 2.02% | 5.69% | to | 5.63% | **** | |||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 655,947 | 110.98 | to | 72.31 | 50,687,945 | 0.05% | 27.71% | to | 27.39% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 673,767 | 86.90 | to | 56.77 | 40,265,968 | 0.14% | 30.43% | to | 30.10% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 713,280 | 66.62 | to | 43.63 | 32,254,258 | 0.34% | 31.45% | to | 31.12% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 911,259 | 50.68 | to | 33.28 | 31,122,707 | 0.61% | -6.49% | to | -6.72% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 945,591 | 54.20 | to | 35.67 | 34,366,401 | 0.86% | 21.76% | to | 21.46% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,453,165 | 52.68 | to | 40.59 | 73,227,880 | 1.81% | 24.83% | to | 24.52% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,516,795 | 42.20 | to | 32.60 | 61,255,632 | 1.74% | 6.55% | to | 6.28% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,602,889 | 39.61 | to | 30.68 | 60,842,692 | 1.89% | 27.32% | to | 27.01% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,839,288 | 31.11 | to | 24.15 | 54,078,889 | 2.12% | -8.40% | to | -8.63% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,048,261 | 33.96 | to | 26.43 | 65,333,485 | 1.63% | 12.80% | to | 12.52% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products - Emerging Markets Portfolio - Service Class (FEMS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 998,192 | 13.81 | to | 13.68 | 13,708,334 | 1.97% | -2.28% | to | -2.53% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,016,041 | 14.13 | to | 14.03 | 14,285,086 | 0.87% | 31.17% | to | 30.85% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 841,122 | 10.77 | to | 10.73 | 9,029,597 | 1.94% | 29.30% | to | 28.98% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 435,283 | 8.33 | to | 8.32 | 3,620,730 | 1.85% | -16.70% | to | -16.84% | **** | |||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2005 Portfolio: Service Class (FF05S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 35,022 | 18.67 | to | 18.36 | 652,397 | 0.68% | 3.91% | to | 3.76% | ||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 88,272 | 17.79 | to | 17.70 | 1,568,930 | 1.37% | 10.85% | to | 10.80% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 81,637 | 16.05 | to | 15.97 | 1,309,056 | 2.03% | 13.48% | to | 13.42% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 80,945 | 14.14 | to | 14.08 | 1,143,881 | 1.82% | -3.21% | to | -3.26% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 39,100 | 14.61 | to | 14.56 | 570,897 | 1.55% | 10.68% | to | 10.62% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 129,361 | 27.94 | to | 26.80 | 3,602,861 | 0.92% | 5.79% | to | 5.53% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 132,543 | 26.41 | to | 25.39 | 3,487,832 | 1.58% | 12.39% | to | 12.11% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 92,267 | 23.49 | to | 22.65 | 2,159,450 | 2.02% | 16.00% | to | 15.71% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 97,923 | 20.25 | to | 19.57 | 1,975,771 | 1.48% | -4.10% | to | -4.34% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 112,612 | 21.12 | to | 20.46 | 2,371,326 | 1.46% | 12.99% | to | 12.71% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2015 Portfolio: Service Class (FF15S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 423,663 | 23.29 | to | 22.51 | 9,696,310 | 1.02% | 7.59% | to | 7.32% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 386,635 | 21.65 | to | 20.97 | 8,216,246 | 1.19% | 13.62% | to | 13.33% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 402,085 | 19.05 | to | 18.51 | 7,529,801 | 2.19% | 18.21% | to | 17.92% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 384,349 | 16.12 | to | 15.69 | 6,076,691 | 1.18% | -5.11% | to | -5.35% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 620,101 | 16.99 | to | 16.58 | 10,323,285 | 1.45% | 14.93% | to | 14.65% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,030,834 | 32.24 | to | 30.93 | 32,664,957 | 1.00% | 9.47% | to | 9.19% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,053,955 | 29.45 | to | 28.32 | 30,428,501 | 1.12% | 14.92% | to | 14.63% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,214,585 | 25.63 | to | 24.71 | 30,549,618 | 2.07% | 20.01% | to | 19.71% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,161,074 | 21.36 | to | 20.64 | 24,346,102 | 1.24% | -5.98% | to | -6.21% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,599,123 | 22.72 | to | 22.01 | 35,613,470 | 1.51% | 16.47% | to | 16.18% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2025 Portfolio: Service Class (FF25S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,635,708 | 26.16 | to | 25.28 | 41,880,095 | 1.00% | 10.71% | to | 10.43% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,529,307 | 23.63 | to | 22.90 | 35,296,273 | 1.16% | 15.83% | to | 15.54% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,583,389 | 20.40 | to | 19.82 | 31,582,966 | 1.84% | 21.70% | to | 21.39% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,597,869 | 16.77 | to | 16.32 | 26,224,218 | 1.45% | -6.61% | to | -6.85% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,324,262 | 17.95 | to | 17.52 | 23,303,561 | 1.49% | 17.84% | to | 17.54% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,723,102 | 37.10 | to | 35.59 | 62,563,200 | 1.03% | 12.24% | to | 11.96% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,582,394 | 33.05 | to | 31.78 | 51,141,507 | 1.22% | 16.76% | to | 16.47% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,438,640 | 28.31 | to | 27.29 | 39,834,941 | 2.03% | 24.37% | to | 24.06% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,217,467 | 22.76 | to | 22.00 | 27,148,345 | 1.36% | -7.88% | to | -8.12% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,041,787 | 24.71 | to | 23.94 | 25,261,893 | 1.58% | 20.82% | to | 20.52% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2035 Portfolio: Service Class (FF35S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 634,527 | 15.87 | to | 15.73 | 10,001,782 | 1.01% | 15.32% | to | 15.03% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 500,779 | 13.77 | to | 13.67 | 6,855,239 | 1.22% | 18.15% | to | 17.85% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 320,893 | 11.65 | to | 11.60 | 3,724,080 | 2.87% | 27.33% | to | 27.01% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 116,705 | 9.14 | 1,066,113 | 1.64% | -8.62% | to | -8.65% | **** | |||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2040 Portfolio: Service Class (FF40S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 980,516 | 33.84 | to | 32.87 | 32,493,805 | 0.88% | 17.68% | to | 17.39% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 901,286 | 28.75 | to | 28.00 | 25,365,065 | 0.96% | 19.16% | to | 18.86% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 849,519 | 24.13 | to | 23.55 | 20,086,136 | 1.81% | 28.39% | to | 28.07% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 820,514 | 18.79 | to | 18.39 | 15,150,295 | 1.14% | -9.94% | to | -10.17% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 694,673 | 20.87 | to | 20.47 | 14,265,216 | 1.36% | 23.42% | to | 23.11% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2045 Portfolio: Service Class (FF45S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 92,183 | 16.36 | to | 16.21 | 1,498,498 | 1.05% | 17.69% | to | 17.40% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 55,372 | 13.90 | to | 13.81 | 765,132 | 1.12% | 19.18% | to | 18.88% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 27,896 | 11.67 | to | 11.62 | 329,628 | 2.87% | 28.40% | to | 28.08% | **** | |||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2050 Portfolio: Service Class (FF50S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 133,170 | 18.25 | to | 18.04 | 2,408,104 | 0.81% | 17.73% | to | 17.44% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 144,326 | 15.50 | to | 15.36 | 2,219,797 | 1.21% | 19.17% | to | 18.88% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 81,668 | 13.01 | to | 12.92 | 1,056,286 | 1.72% | 28.39% | to | 28.07% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 80,264 | 10.13 | to | 10.09 | 809,970 | 1.27% | -10.03% | to | -10.26% | ||||||||||||||||||||||||||||||||||||
2017 | 0.25% | 1,422 | 11.24 | 15,987 | 0.00% | 12.42% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2055 Portfolio: Service Class (FF55S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 23,476 | 15.47 | to | 15.37 | 362,741 | 2.24% | 17.72% | to | 17.43% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,635 | 13.14 | to | 13.09 | 21,393 | 1.02% | 19.11% | to | 18.81% | ||||||||||||||||||||||||||||||||||||
2019 | 0.25% | 111 | 11.02 | 1,223 | 1.70% | 10.16% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2060 Portfolio: Service Class (FF60S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 46,147 | 15.48 | to | 15.37 | 713,233 | 1.31% | 17.62% | to | 17.33% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 26,316 | 13.16 | to | 13.10 | 345,063 | 2.95% | 19.22% | to | 18.92% | ||||||||||||||||||||||||||||||||||||
2019 | 0.25% | 111 | 11.02 | 1,223 | 1.72% | 10.18% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2065 Portfolio: Service Class (FF65S) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | 655 | 10.73 | 7,026 | 1.23% | 7.27% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Income Fund Portfolio: Service Class (FFINS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 96,614 | 16.58 | to | 16.31 | 1,598,542 | 0.83% | 3.06% | to | 2.91% | ||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 121,417 | 15.93 | to | 15.85 | 1,932,596 | 1.29% | 10.16% | to | 10.11% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 120,811 | 14.46 | to | 14.39 | 1,745,720 | 2.49% | 11.65% | to | 11.59% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 83,843 | 12.95 | to | 12.90 | 1,085,229 | 1.63% | -2.31% | to | -2.36% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 96,302 | 13.26 | to | 13.21 | 1,276,144 | 1.91% | 8.28% | to | 8.22% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class (FGOS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | 9,107 | 72.25 | 657,959 | 0.00% | 11.72% | ||||||||||||||||||||||||||||||||||||||||||
2020 (as restated) | 0.10% | 10,483 | 64.67 | 677,948 | 0.01% | 68.33% | ||||||||||||||||||||||||||||||||||||||||||
2019 (as restated) | 0.10% | to | 0.25% | 9,975 | 38.42 | to | 43.11 | 409,326 | 0.05% | 40.56% | to | 40.35% | ||||||||||||||||||||||||||||||||||||
2018 (as restated) | 0.25% | 10,342 | 30.72 | 317,696 | 0.10% | 12.06% | ||||||||||||||||||||||||||||||||||||||||||
2017 (as restated) | 0.25% | 9,817 | 27.41 | 269,105 | 0.19% | 34.06% | ||||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,443,139 | 96.29 | to | 53.80 | 189,226,861 | 0.00% | 23.08% | to | 22.77% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,625,642 | 78.23 | to | 43.82 | 164,646,718 | 0.06% | 43.75% | to | 43.39% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,682,726 | 54.42 | to | 30.56 | 117,329,092 | 0.16% | 34.18% | to | 33.85% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,346,655 | 40.56 | to | 22.83 | 104,307,754 | 0.15% | -0.27% | to | -0.53% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,385,354 | 40.67 | to | 22.95 | 107,147,743 | 0.12% | 35.00% | to | 34.67% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class (FHIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 437,536 | 25.88 | to | 31.37 | 11,191,388 | 5.26% | 4.50% | to | 4.24% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 402,005 | 24.77 | to | 30.09 | 10,751,416 | 4.82% | 2.65% | to | 2.39% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 480,498 | 24.13 | to | 29.39 | 12,669,205 | 5.21% | 14.92% | to | 14.63% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 467,620 | 20.99 | to | 25.64 | 10,733,570 | 5.51% | -3.60% | to | -3.84% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 518,507 | 21.78 | to | 26.66 | 12,325,334 | 5.01% | 7.07% | to | 6.80% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 8,485,983 | 21.41 | to | 20.43 | 176,979,449 | 2.04% | -0.72% | to | -0.97% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 8,359,975 | 21.56 | to | 20.63 | 175,571,019 | 2.15% | 9.25% | to | 8.98% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 8,807,134 | 19.74 | to | 18.93 | 169,500,548 | 2.61% | 9.58% | to | 9.31% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 9,699,249 | 18.01 | to | 17.32 | 170,350,032 | 2.39% | -0.63% | to | -0.88% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 10,397,837 | 18.13 | to | 17.47 | 183,915,056 | 2.30% | 4.16% | to | 3.90% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Index 500 Portfolio: Initial Class (FIP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 74,499 | 43.50 | 3,240,890 | 0.69% | 28.58% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 40,491 | 33.83 | 1,369,972 | 2.05% | 18.24% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 2,881,385 | 27.94 | to | 27.77 | 80,428,299 | 1.95% | 31.09% | to | 31.02% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 3,169,190 | 21.31 | to | 21.19 | 67,489,203 | 1.89% | -4.68% | to | -4.73% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 2,545,030 | 22.36 | to | 22.25 | 56,866,293 | 1.76% | 21.47% | to | 21.41% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 455,311 | 90.63 | to | 86.50 | 40,983,181 | 0.52% | 25.51% | to | 25.19% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 501,684 | 72.21 | to | 69.09 | 35,899,841 | 0.56% | 18.04% | to | 17.74% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 609,632 | 61.18 | to | 58.68 | 36,834,267 | 0.77% | 23.35% | to | 23.04% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 702,092 | 49.60 | to | 47.69 | 34,390,784 | 0.55% | -14.64% | to | -14.85% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 765,171 | 58.10 | to | 56.01 | 43,909,359 | 0.62% | 20.70% | to | 20.40% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Government Money Market Portfolio: Initial Class (FMMP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | 206,171 | 10.43 | 2,149,993 | 0.01% | -0.09% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 715,310 | 10.39 | to | 10.37 | 7,431,845 | 0.31% | 0.12% | to | 0.07% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 1,268,832 | 10.38 | to | 10.36 | 13,167,512 | 1.89% | 1.82% | to | 1.77% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 843,109 | 10.19 | to | 10.18 | 8,593,800 | 1.61% | 1.44% | to | 1.39% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 564,836 | 10.05 | to | 10.04 | 5,675,977 | 0.61% | 0.48% | to | 0.43% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 295,154 | 17.48 | 5,158,974 | 2.30% | 54.83% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 271,837 | 11.29 | 3,068,839 | 2.53% | -32.88% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 281,564 | 16.82 | 4,735,763 | 1.79% | 9.82% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 307,387 | 15.32 | 4,707,648 | 0.68% | -24.77% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 322,002 | 20.36 | 6,554,925 | 1.34% | -2.78% | ||||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 587,029 | 39.95 | to | 29.28 | 23,116,706 | 0.45% | 19.57% | to | 19.27% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 614,677 | 33.41 | to | 24.55 | 20,204,014 | 0.35% | 15.49% | to | 15.21% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 654,246 | 28.93 | to | 21.31 | 18,485,488 | 1.63% | 27.67% | to | 27.35% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 740,247 | 22.66 | to | 16.73 | 16,017,861 | 1.51% | -14.88% | to | -15.10% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 730,959 | 26.62 | to | 19.71 | 18,847,240 | 1.34% | 30.10% | to | 29.78% | ||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class (FRESS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 185,159 | 15.40 | to | 15.59 | 2,875,132 | 0.78% | 38.86% | to | 38.51% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 312,440 | 11.09 | to | 11.25 | 3,507,328 | 2.29% | -6.61% | to | -6.84% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 252,550 | 11.88 | to | 12.08 | 3,044,368 | 1.84% | 23.09% | to | 22.78% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 196,032 | 9.65 | to | 9.84 | 1,925,790 | 8.21% | -6.31% | to | -1.63% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 1,061 | 10.30 | 10,926 | 1.93% | 2.98% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Bond Index Portfolio: Service Class (FVBIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 354 | 10.76 | 3,807 | 0.96% | -2.05% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Extended Market Index Portfolio: Service Class (FVEMIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 47 | 14.99 | 705 | 1.29% | 21.16% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP International Index Portfolio: Service Class (FVIIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 221 | 12.68 | 2,801 | 3.92% | 7.65% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Total Market Index Portfolio: Service Class (FVMIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 16,494 | 16.53 | 272,582 | 0.92% | 25.55% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 16,383 | 13.16 | 215,642 | 1.48% | 20.20% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 79,231 | 54.02 | 4,279,740 | 1.44% | 33.48% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 78,676 | 40.47 | 3,183,854 | 1.13% | 8.18% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.10% | 114,054 | 37.41 | to | 36.75 | 4,265,220 | 1.74% | 34.29% | to | 34.16% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 101,371 | 27.86 | to | 26.72 | 2,821,079 | 0.86% | -17.33% | to | -17.54% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 110,394 | 33.70 | to | 32.40 | 3,716,625 | 1.39% | 19.21% | to | 18.91% | ||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 230,532 | 14.73 | 3,395,991 | 0.88% | -5.74% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 232,202 | 15.63 | 3,628,886 | 4.04% | 17.18% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 259,597 | 13.34 | 3,462,071 | 0.98% | 26.70% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 271,977 | 10.53 | 2,862,884 | 0.84% | -15.79% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 315,423 | 12.50 | 3,942,967 | 0.98% | 40.41% | ||||||||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 31,055 | 22.20 | 689,289 | 1.70% | 11.68% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 30,172 | 19.87 | 599,638 | 1.46% | 11.74% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 34,651 | 17.79 | 616,284 | 3.51% | 19.86% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 36,186 | 14.84 | 536,952 | 2.82% | -9.65% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 44,376 | 16.42 | 728,797 | 2.69% | 11.98% | ||||||||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,391,217 | 10.75 | to | 9.48 | 13,336,947 | 0.00% | -4.62% | to | -4.86% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,366,885 | 11.27 | to | 9.97 | 13,745,297 | 8.75% | -5.07% | to | -5.31% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,733,956 | 11.88 | to | 10.52 | 18,372,589 | 6.96% | 2.26% | to | 2.00% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,622,403 | 11.61 | to | 10.32 | 16,855,643 | 0.00% | 2.21% | to | 1.96% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,575,152 | 11.36 | to | 10.12 | 16,147,835 | 0.00% | 2.15% | to | 1.90% | ||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.20% | 313,941 | 16.30 | to | 15.84 | 5,116,994 | 0.00% | -4.99% | to | -5.18% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.20% | 319,287 | 17.16 | to | 16.71 | 5,477,691 | 8.61% | -5.28% | to | -5.47% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 329,117 | 18.12 | to | 17.57 | 5,960,041 | 6.93% | 2.01% | to | 1.76% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 384,666 | 17.76 | to | 17.27 | 6,819,854 | 0.00% | 1.94% | to | 1.68% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 391,878 | 17.42 | to | 16.98 | 6,816,520 | 0.00% | 1.93% | to | 1.67% | ||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 215,985 | 26.10 | 5,636,309 | 4.69% | 16.75% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 237,678 | 22.35 | 5,312,353 | 5.95% | 0.69% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 286,791 | 22.20 | 6,365,907 | 5.32% | 16.06% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 291,083 | 19.13 | 5,567,176 | 4.84% | -4.30% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 312,146 | 19.99 | 6,238,515 | 4.00% | 9.67% | ||||||||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 26,714 | 21.69 | to | 20.95 | 564,885 | 2.59% | 19.13% | to | 18.83% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 36,927 | 18.21 | to | 17.63 | 656,398 | 2.33% | -4.46% | to | -4.70% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 60,561 | 19.06 | to | 18.50 | 1,126,573 | 1.58% | 24.37% | to | 24.06% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 77,118 | 15.33 | to | 14.91 | 1,160,875 | 2.26% | -11.22% | to | -11.44% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 117,265 | 17.26 | to | 16.84 | 2,001,639 | 1.52% | 8.60% | to | 8.33% | ||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 1 (FTVRDI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 334,358 | 55.63 | 18,600,777 | 1.49% | 16.23% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 372,542 | 47.86 | 17,831,352 | 1.48% | 29.58% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 431,290 | 36.94 | 15,930,312 | 1.51% | -4.84% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 468,247 | 38.82 | 18,175,344 | 1.73% | 20.85% | ||||||||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 273,764 | 43.55 | to | 41.77 | 11,582,049 | 1.02% | 25.37% | to | 25.05% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 248,661 | 34.74 | to | 33.40 | 8,381,662 | 1.55% | 5.19% | to | 4.93% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 293,223 | 33.02 | to | 31.84 | 9,391,133 | 1.15% | 26.35% | to | 26.03% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 347,426 | 26.14 | to | 25.26 | 8,812,766 | 0.88% | -12.88% | to | -13.09% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 376,155 | 30.00 | to | 29.07 | 10,963,630 | 0.52% | 10.65% | to | 10.38% | ||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 (FTVSVI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 172,759 | 72.01 | 12,439,969 | 1.12% | 25.67% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 169,810 | 57.30 | 9,730,008 | 1.72% | 5.41% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 184,863 | 54.36 | 10,049,137 | 1.27% | 26.72% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 195,223 | 42.90 | 8,374,304 | 1.12% | -12.69% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 219,865 | 49.13 | 10,801,676 | 0.73% | 10.92% | ||||||||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 (TIF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 25,861 | 29.80 | 770,587 | 2.02% | 4.44% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 26,975 | 28.53 | 769,644 | 3.60% | -0.92% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 28,545 | 28.80 | 821,964 | 2.00% | 12.84% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 32,259 | 25.52 | 823,231 | 2.91% | -15.27% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 36,093 | 30.12 | 1,087,047 | 2.78% | 17.02% | ||||||||||||||||||||||||||||||||||||||||||
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 399,213 | 26.91 | to | 25.64 | 10,522,468 | 1.88% | 4.16% | to | 3.90% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 454,905 | 25.83 | to | 24.68 | 11,483,105 | 3.33% | -1.16% | to | -1.40% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 538,139 | 26.14 | to | 25.03 | 13,722,522 | 1.76% | 12.53% | to | 12.25% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 638,100 | 23.23 | to | 22.30 | 14,431,388 | 2.90% | -15.44% | to | -15.65% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 909,729 | 27.47 | to | 26.44 | 24,380,084 | 2.61% | 16.69% | to | 16.40% | ||||||||||||||||||||||||||||||||||||
Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Institutional Shares (GVCSE) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 62,992 | 27.53 | to | 26.94 | 1,718,724 | 0.47% | 23.79% | to | 23.48% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 70,551 | 22.24 | to | 21.82 | 1,552,442 | 0.24% | 8.58% | to | 8.31% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 67,651 | 20.48 | to | 20.14 | 1,369,606 | 0.46% | 24.84% | to | 24.53% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 75,898 | 16.41 | to | 16.18 | 1,236,798 | 0.65% | -8.62% | to | -8.85% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 32,500 | 17.95 | to | 17.75 | 581,670 | 0.47% | 11.57% | to | 11.29% | ||||||||||||||||||||||||||||||||||||
Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares (GVGMNS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,661 | 17.53 | 29,109 | 0.00% | 16.17% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,513 | 15.09 | 22,824 | 0.16% | 4.11% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 3,776 | 14.49 | 54,713 | 1.15% | 11.94% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 9,791 | 12.94 | 126,739 | 1.63% | -4.34% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 2,321 | 13.53 | 31,406 | 0.37% | 13.11% | ||||||||||||||||||||||||||||||||||||||||||
Goldman Sachs Variable Insurance Trust - Goldman Sachs Growth Opportunities Fund: Service Shares (GVGOPS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.20% | 36,294 | 38.11 | 1,382,996 | 0.00% | 11.26% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.20% | 35,712 | 34.25 | 1,223,147 | 0.00% | 44.02% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 32,955 | 23.78 | to | 23.68 | 783,175 | 0.00% | 33.80% | to | 33.73% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 33,790 | 17.77 | to | 17.71 | 600,157 | 0.00% | -4.53% | to | -4.58% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 102,495 | 18.87 | to | 18.56 | 1,906,588 | 0.00% | 26.92% | to | 26.60% | ||||||||||||||||||||||||||||||||||||
Goldman Sachs Variable Insurance Trust - Goldman Sachs Mid Cap Value Fund: Institutional Shares (GVMCE) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 164,072 | 71.16 | to | 69.13 | 11,479,548 | 0.45% | 30.82% | to | 30.62% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 185,335 | 54.40 | to | 52.92 | 9,860,309 | 0.61% | 8.29% | to | 8.13% | ||||||||||||||||||||||||||||||||||||
2019 | 0.10% | to | 0.25% | 223,376 | 50.23 | to | 48.94 | 10,968,798 | 0.75% | 31.40% | to | 31.20% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 274,092 | 37.61 | to | 37.30 | 10,233,403 | 1.20% | -10.64% | to | -10.68% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 332,513 | 42.09 | to | 41.77 | 13,897,514 | 0.56% | 10.85% | to | 10.79% | ||||||||||||||||||||||||||||||||||||
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,548 | 11.55 | 17,883 | 1.89% | 4.84% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 900 | 11.02 | 9,917 | 2.37% | 6.72% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 406 | 10.33 | 4,192 | 3.36% | 8.82% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 29,278 | 12.72 | 372,457 | 0.00% | 8.10% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 52,824 | 11.77 | 621,617 | 1.42% | 7.39% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 37,683 | 10.96 | 412,933 | 2.25% | 5.01% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 38,194 | 10.43 | 398,553 | 0.00% | -5.07% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 20,603 | 10.99 | 226,485 | 0.00% | 3.67% | ||||||||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. American Franchise Fund: Series I Shares (ACEG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 67,127 | 42.55 | 2,856,153 | 0.00% | 11.93% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 75,118 | 38.01 | 2,855,589 | 0.07% | 42.35% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 54,996 | 26.70 | 1,468,639 | 0.00% | 36.76% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 61,953 | 19.53 | 1,209,767 | 0.00% | -3.62% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 65,426 | 20.26 | 1,325,620 | 0.08% | 27.34% | ||||||||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Growth and Income Fund: Series I Shares (ACGI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 159,839 | 32.38 | to | 31.45 | 5,097,474 | 1.36% | 28.51% | to | 28.18% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 230,665 | 25.20 | to | 24.54 | 5,718,508 | 2.20% | 2.09% | to | 1.84% | ||||||||||||||||||||||||||||||||||||
2019 | 0.10% | to | 0.25% | 222,627 | 24.44 | to | 24.09 | 8,260,525 | 1.86% | 25.07% | to | 24.88% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 367,294 | 19.38 | to | 19.29 | 7,099,347 | 1.88% | -13.56% | to | -13.60% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 318,551 | 22.42 | to | 22.33 | 7,122,459 | 1.56% | 14.09% | to | 14.03% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. High Yield Fund: Series I Shares (AVHY1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 43,995 | 18.53 | to | 18.00 | 802,044 | 4.62% | 4.38% | to | 4.12% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 68,273 | 17.75 | to | 17.29 | 1,187,481 | 4.28% | 3.32% | to | 3.06% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 91,988 | 17.18 | to | 16.77 | 1,552,073 | 2.47% | 13.51% | to | 13.22% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 397,389 | 15.14 | to | 14.81 | 5,910,249 | 3.25% | -3.35% | to | -3.59% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 960,467 | 15.66 | to | 15.37 | 14,806,926 | 3.97% | 6.30% | to | 6.03% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. International Growth Fund: Series I Shares (AVIE) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,089,800 | 38.26 | to | 36.61 | 40,258,272 | 1.31% | 5.89% | to | 5.62% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,050,203 | 36.14 | to | 34.66 | 36,676,103 | 2.39% | 14.00% | to | 13.71% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,085,856 | 31.70 | to | 30.48 | 33,318,795 | 1.52% | 28.57% | to | 28.25% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,205,012 | 24.65 | to | 23.77 | 28,797,374 | 1.93% | -14.98% | to | -15.19% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,799,609 | 29.00 | to | 28.02 | 50,704,064 | 1.47% | 23.00% | to | 22.70% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares (AVMCCI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.20% | 9,184 | 37.75 | to | 36.51 | 344,385 | 0.46% | 23.24% | to | 23.00% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.20% | 8,546 | 30.63 | to | 29.69 | 260,436 | 0.65% | 9.25% | to | 9.03% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.20% | 10,468 | 28.03 | to | 27.23 | 290,163 | 0.51% | 25.28% | to | 25.03% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.20% | 10,244 | 22.38 | to | 21.78 | 226,768 | 0.50% | -11.35% | to | -11.53% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 14,053 | 25.24 | to | 24.51 | 349,319 | 0.54% | 14.92% | to | 14.63% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Small Cap Equity Fund: Series I Shares (AVSCE) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.25% | 9,705 | 20.78 | 201,690 | 0.17% | 20.10% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.25% | 8,323 | 17.30 | 144,020 | 0.35% | 26.93% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2019 | 0.25% | 11,678 | 13.63 | 159,206 | 0.00% | 26.28% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.25% | 20,724 | 10.80 | 223,728 | 0.00% | -15.29% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.25% | 23,971 | 12.74 | 305,502 | 0.00% | 13.77% | ||||||||||||||||||||||||||||||||||||||||||
Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 115,044 | 15.83 | 1,820,981 | 3.31% | 9.54% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 117,013 | 14.45 | 1,690,768 | 7.96% | 10.22% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 136,958 | 13.11 | 1,795,386 | 0.00% | 15.21% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 110,056 | 11.38 | 1,252,304 | 1.50% | -6.46% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 122,601 | 12.16 | 1,491,397 | 3.90% | 10.16% | ||||||||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I (OVAG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 781,372 | 75.53 | to | 40.17 | 56,484,873 | 0.00% | 19.10% | to | 18.80% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 860,217 | 63.41 | to | 33.81 | 49,039,303 | 0.04% | 48.27% | to | 40.34% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 807,590 | 45.07 | to | 24.09 | 32,594,706 | 0.00% | 39.36% | to | 39.01% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 890,299 | 32.34 | to | 17.33 | 25,324,233 | 0.00% | -6.08% | to | -6.32% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 969,936 | 34.44 | to | 18.50 | 29,027,594 | 0.03% | 28.79% | to | 28.47% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Main Street Fund: Series I (OVGI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 193,654 | 50.23 | to | 46.50 | 9,595,994 | 0.78% | 27.44% | to | 27.25% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 959,868 | 43.72 | to | 36.54 | 40,345,310 | 1.51% | 13.94% | to | 13.66% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,029,257 | 38.37 | to | 32.15 | 38,038,196 | 1.06% | 32.08% | to | 31.75% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,096,146 | 29.05 | to | 24.40 | 30,729,296 | 1.15% | -7.89% | to | -8.12% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,214,032 | 31.54 | to | 26.56 | 37,021,362 | 1.26% | 16.91% | to | 16.62% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Capital Appreciation Fund: Series I (OVGR) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 251,863 | 60.15 | to | 45.63 | 15,021,493 | 0.00% | 22.45% | to | 22.26% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 332,659 | 66.60 | to | 37.32 | 12,974,325 | 0.00% | 36.59% | to | 36.25% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 340,202 | 48.76 | to | 27.39 | 9,571,947 | 0.06% | 36.20% | to | 35.86% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 477,720 | 35.80 | to | 20.16 | 9,662,970 | 0.32% | -5.73% | to | -5.97% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 512,531 | 37.98 | to | 21.44 | 11,032,892 | 0.23% | 26.83% | to | 26.52% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Global Fund: Series I (OVGS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,957,094 | 53.95 | to | 51.11 | 103,922,343 | 0.00% | 15.49% | to | 15.20% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,117,816 | 46.72 | to | 44.36 | 96,810,105 | 0.70% | 27.64% | to | 27.32% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,419,546 | 36.60 | to | 34.84 | 86,447,242 | 0.89% | 31.79% | to | 31.46% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,649,183 | 27.77 | to | 26.51 | 71,823,770 | 0.99% | -13.18% | to | -13.40% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,846,007 | 31.99 | to | 30.61 | 88,981,251 | 0.94% | 36.66% | to | 36.32% | ||||||||||||||||||||||||||||||||||||
Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,287,678 | 19.06 | to | 18.66 | 24,179,572 | 0.00% | 10.22% | to | 9.94% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,303,519 | 17.30 | to | 16.97 | 22,248,163 | 0.96% | 21.50% | to | 21.20% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,248,270 | 14.24 | to | 14.00 | 17,557,908 | 0.99% | 28.60% | to | 28.28% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,421,451 | 11.07 | to | 10.91 | 15,573,441 | 0.89% | -19.42% | to | -19.62% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,611,171 | 13.74 | to | 13.58 | 21,945,501 | 1.45% | 26.29% | to | 25.98% | ||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Global Strategic Income Fund: Series I (OVSB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,072,926 | 16.02 | 17,188,442 | 4.67% | -3.41% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,127,112 | 16.59 | 18,694,534 | 5.68% | 3.40% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 1,229,876 | 16.04 | 19,728,063 | 3.76% | 10.80% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 1,262,443 | 14.48 | 18,276,030 | 4.98% | -4.40% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 1,257,556 | 15.14 | 19,042,650 | 2.28% | 6.27% | ||||||||||||||||||||||||||||||||||||||||||
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I (OVSC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 117,806 | 83.82 | to | 79.99 | 9,835,225 | 0.38% | 22.55% | to | 22.25% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 117,121 | 68.39 | to | 65.44 | 7,984,207 | 0.64% | 19.93% | to | 19.63% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 125,648 | 57.03 | to | 54.70 | 7,156,183 | 0.19% | 26.47% | to | 26.15% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 140,428 | 45.09 | to | 43.36 | 6,331,950 | 0.33% | -10.32% | to | -10.55% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 148,226 | 50.28 | to | 48.47 | 7,452,901 | 0.86% | 14.16% | to | 13.87% | ||||||||||||||||||||||||||||||||||||
Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II (WRASP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 314,317 | 22.90 | to | 22.10 | 7,181,764 | 1.59% | 10.44% | to | 10.17% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 337,483 | 20.74 | to | 20.06 | 6,983,459 | 2.05% | 13.88% | to | 13.59% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 359,396 | 18.21 | to | 17.66 | 6,529,086 | 2.08% | 21.78% | to | 21.47% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 392,480 | 14.95 | to | 14.54 | 5,852,085 | 1.77% | -5.44% | to | -5.68% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 476,572 | 15.81 | to | 15.41 | 7,507,042 | 1.53% | 18.27% | to | 17.98% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Ivy Variable Insurance Portfolios - Delaware Ivy Growth: Class II (WRGP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 86,993 | 82.63 | to | 79.26 | 7,086,411 | 0.00% | 30.03% | to | 29.70% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 77,822 | 63.55 | to | 61.11 | 4,866,442 | 0.00% | 30.55% | to | 30.22% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 87,159 | 48.68 | to | 46.93 | 4,180,839 | 0.00% | 36.59% | to | 36.24% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 73,043 | 35.64 | to | 34.44 | 2,564,432 | 0.05% | 2.28% | to | 2.03% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 465,216 | 34.85 | to | 33.76 | 15,991,759 | 0.24% | 29.34% | to | 29.02% | ||||||||||||||||||||||||||||||||||||
Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II (WRHIP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 826,681 | 17.42 | to | 17.01 | 14,133,158 | 5.72% | 6.06% | to | 5.80% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 900,221 | 16.43 | to | 16.08 | 14,536,361 | 7.41% | 6.03% | to | 5.76% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,104,637 | 15.49 | to | 15.20 | 16,856,499 | 6.24% | 11.19% | to | 10.91% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 985,689 | 13.94 | to | 13.70 | 13,556,304 | 9.55% | -2.11% | to | -2.36% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,901,171 | 14.24 | to | 14.04 | 40,979,338 | 5.48% | 6.68% | to | 6.41% | ||||||||||||||||||||||||||||||||||||
Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II (WRMCG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 168,533 | 43.17 | to | 42.14 | 7,188,554 | 0.00% | 16.36% | to | 16.06% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 172,147 | 37.10 | to | 36.30 | 6,307,315 | 0.00% | 49.00% | to | 48.63% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 209,954 | 24.90 | to | 24.43 | 5,160,978 | 0.00% | 37.94% | to | 37.60% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 214,776 | 18.05 | to | 17.75 | 3,832,763 | 0.00% | -0.06% | to | -0.31% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 237,680 | 18.06 | to | 17.81 | 4,246,448 | 0.00% | 26.89% | to | 26.58% | ||||||||||||||||||||||||||||||||||||
Ivy Variable Insurance Portfolios - Delaware Ivy Securian Real Estate Securities: Class II (WRRESP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 228,285 | 39.12 | to | 37.52 | 8,754,206 | 0.89% | 43.68% | to | 43.33% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 217,442 | 27.23 | to | 26.18 | 5,811,124 | 1.68% | -3.13% | to | -3.37% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 258,676 | 28.10 | to | 27.09 | 7,127,575 | 1.59% | 24.43% | to | 24.12% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 284,575 | 22.59 | to | 21.83 | 6,297,398 | 1.69% | -5.57% | to | -5.81% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 315,454 | 23.92 | to | 23.17 | 7,430,087 | 1.29% | 5.39% | to | 5.12% | ||||||||||||||||||||||||||||||||||||
Ivy Variable Insurance Portfolios - Delaware Ivy Science and Technology: Class II (WRSTP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 169,656 | 60.97 | to | 58.84 | 10,271,513 | 0.00% | 15.17% | to | 14.88% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 184,422 | 52.94 | to | 51.22 | 9,705,505 | 0.00% | 35.36% | to | 35.02% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 229,430 | 39.11 | to | 37.93 | 8,891,601 | 0.00% | 49.48% | to | 49.11% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 220,024 | 26.16 | to | 25.44 | 5,707,888 | 0.00% | -5.23% | to | -5.47% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 581,218 | 27.61 | to | 26.91 | 15,816,783 | 0.00% | 32.12% | to | 31.79% | ||||||||||||||||||||||||||||||||||||
JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,097,959 | 54.36 | to | 52.01 | 57,943,290 | 0.91% | 29.88% | to | 29.56% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,118,044 | 41.85 | to | 40.15 | 45,332,340 | 1.50% | 0.37% | to | 0.12% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,104,013 | 41.70 | to | 40.10 | 44,615,791 | 1.58% | 26.76% | to | 26.44% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,180,431 | 32.90 | to | 31.71 | 37,660,658 | 0.98% | -11.84% | to | -12.06% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,224,199 | 37.31 | to | 36.06 | 44,377,807 | 0.81% | 13.76% | to | 13.48% | ||||||||||||||||||||||||||||||||||||
JPMorgan Insurance Trust - JPMorgan Insurance Trust Small Cap Core Portfolio 1 (JPSCE1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 58,458 | 19.45 | to | 19.13 | 1,122,444 | 0.46% | 21.38% | to | 21.08% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 33,534 | 16.03 | to | 15.80 | 531,195 | 1.01% | 13.69% | to | 13.40% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 42,359 | 14.10 | to | 13.93 | 592,986 | 0.38% | 24.58% | to | 24.27% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 37,754 | 11.32 | to | 11.21 | 425,088 | 0.39% | -11.93% | to | -12.15% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 20,047 | 12.85 | to | 12.76 | 255,955 | 0.30% | 15.23% | to | 14.94% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 926,718 | 55.81 | to | 53.18 | 50,269,630 | 0.68% | 16.91% | to | 16.62% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 940,674 | 47.74 | to | 45.60 | 43,662,093 | 1.53% | 14.03% | to | 13.74% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 943,328 | 41.86 | to | 40.09 | 38,433,046 | 1.67% | 22.27% | to | 21.97% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 903,670 | 34.24 | to | 32.87 | 30,123,577 | 1.77% | 0.43% | to | 0.18% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 983,001 | 34.09 | to | 32.81 | 32,650,861 | 1.40% | 18.13% | to | 17.84% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,156,158 | 64.25 | to | 60.82 | 73,957,820 | 0.00% | 22.60% | to | 22.29% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,268,443 | 52.41 | to | 49.73 | 65,981,390 | 0.16% | 39.03% | to | 38.69% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,418,018 | 37.69 | to | 35.86 | 52,988,344 | 0.02% | 36.85% | to | 36.51% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,660,305 | 27.54 | to | 26.27 | 45,182,808 | 1.23% | 1.72% | to | 1.46% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,807,599 | 27.08 | to | 25.89 | 48,354,785 | 0.00% | 29.99% | to | 29.67% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares (JAEI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 73,917 | 21.89 | 1,617,891 | 0.26% | 16.83% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 132,469 | 18.73 | 2,481,780 | 0.07% | 19.47% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 154,605 | 15.68 | 2,424,377 | 0.21% | 35.49% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 118,018 | 11.57 | 1,365,946 | 0.28% | -0.41% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 59,840 | 11.62 | 695,474 | 0.03% | 16.22% | * | *** |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 604,281 | 12.54 | to | 12.31 | 7,514,491 | 1.66% | -1.11% | to | -1.36% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 587,623 | 12.68 | to | 12.48 | 7,388,807 | 2.44% | 10.25% | to | 9.98% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 628,541 | 11.50 | to | 11.35 | 7,178,288 | 2.94% | 9.28% | to | 9.00% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 658,022 | 10.53 | to | 10.41 | 6,885,159 | 2.84% | -1.29% | to | -1.53% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 590,048 | 10.66 | to | 10.58 | 6,253,498 | 2.47% | 3.35% | to | 3.10% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,158,496 | 41.46 | to | 39.25 | 47,594,396 | 0.11% | 17.75% | to | 17.45% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,262,083 | 35.21 | to | 33.42 | 44,019,614 | 0.00% | 50.73% | to | 50.35% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,245,624 | 23.36 | to | 22.23 | 28,876,527 | 0.43% | 44.82% | to | 44.46% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,466,235 | 16.13 | to | 15.39 | 23,412,937 | 1.05% | 0.91% | to | 0.66% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,474,567 | 15.99 | to | 15.29 | 23,375,459 | 0.44% | 44.91% | to | 44.55% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,100,214 | 24.07 | to | 22.78 | 26,335,620 | 1.03% | 13.29% | to | 13.00% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,133,790 | 21.25 | to | 20.16 | 23,867,458 | 1.22% | 16.02% | to | 15.73% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,200,849 | 18.31 | to | 17.42 | 21,781,509 | 1.84% | 26.71% | to | 26.39% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,298,483 | 14.45 | to | 13.78 | 18,565,042 | 1.66% | -15.14% | to | -15.35% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,399,934 | 17.03 | to | 16.28 | 23,603,457 | 1.58% | 30.80% | to | 30.48% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,782,996 | 25.57 | to | 25.21 | 45,169,164 | 0.24% | 16.54% | to | 16.25% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,928,138 | 21.94 | to | 21.69 | 41,970,299 | 0.00% | 19.18% | to | 18.89% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,803,875 | 18.41 | to | 18.24 | 33,015,545 | 0.05% | 35.16% | to | 34.82% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,614,203 | 13.62 | to | 13.53 | 21,901,072 | 0.13% | -0.66% | to | -0.91% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,484,183 | 13.71 | to | 13.66 | 20,303,080 | 0.74% | 27.09% | to | 26.77% | ||||||||||||||||||||||||||||||||||||
Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Service Shares (JAMVS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.20% | to | 0.25% | 38,091 | 25.84 | to | 25.69 | 983,938 | 0.31% | 19.18% | to | 19.12% | ||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 38,491 | 21.68 | to | 21.56 | 834,228 | 1.06% | -1.41% | to | -1.46% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 40,695 | 21.99 | to | 21.88 | 894,638 | 1.46% | 29.79% | to | 29.72% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 53,472 | 16.94 | to | 16.87 | 905,705 | 0.83% | -13.99% | to | -14.04% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 80,340 | 19.70 | to | 19.62 | 1,582,383 | 0.65% | 13.40% | to | 13.35% | ||||||||||||||||||||||||||||||||||||
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 900,997 | 13.29 | to | 12.91 | 11,735,368 | 1.96% | 5.47% | to | 5.20% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,040,798 | 12.60 | to | 12.27 | 12,882,704 | 2.51% | -1.27% | to | -1.52% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,217,379 | 12.76 | to | 12.46 | 15,279,275 | 0.79% | 18.14% | to | 17.85% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,023,340 | 10.80 | to | 10.57 | 21,507,124 | 1.42% | -18.56% | to | -18.76% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,009,423 | 13.27 | to | 13.01 | 39,329,049 | 1.77% | 27.82% | to | 27.51% | ||||||||||||||||||||||||||||||||||||
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 557,965 | 51.74 | to | 49.93 | 28,180,185 | 0.00% | 12.61% | to | 12.33% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 625,712 | 45.95 | to | 44.45 | 28,098,311 | 0.00% | 43.26% | to | 42.90% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 652,734 | 32.07 | to | 31.10 | 20,470,815 | 0.00% | 26.87% | to | 26.56% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 717,325 | 25.28 | to | 24.58 | 17,759,007 | 0.00% | 3.44% | to | 3.18% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 602,145 | 24.44 | to | 23.82 | 14,408,860 | 0.00% | 24.26% | to | 23.96% | ||||||||||||||||||||||||||||||||||||
Lincoln Variable Insurance Products Trust - Baron Growth Opportunities Fund: Service Class (BNCAI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 82,028 | 98.48 | to | 95.67 | 7,992,095 | 0.00% | 18.60% | to | 18.42% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 82,684 | 83.04 | to | 80.79 | 6,747,501 | 0.00% | 33.95% | to | 33.75% | ||||||||||||||||||||||||||||||||||||
2019 | 0.10% | to | 0.25% | 103,709 | 61.99 | to | 60.40 | 6,323,881 | 0.00% | 36.25% | to | 36.04% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 138,622 | 44.76 | to | 44.40 | 6,172,909 | 0.00% | -4.13% | to | -4.17% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 148,839 | 48.14 | to | 46.33 | 6,920,191 | 0.00% | 27.24% | to | 26.92% | ||||||||||||||||||||||||||||||||||||
Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 301,306 | 14.71 | to | 14.43 | 4,364,592 | 3.07% | 3.28% | to | 3.02% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 302,161 | 14.24 | to | 14.00 | 4,246,211 | 3.85% | 7.30% | to | 7.04% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 313,730 | 13.27 | to | 13.08 | 4,106,436 | 4.58% | 13.35% | to | 13.07% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 260,383 | 11.71 | to | 11.57 | 3,013,495 | 4.66% | -4.02% | to | -4.26% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 248,802 | 12.20 | to | 12.09 | 3,007,551 | 4.42% | 9.21% | to | 8.94% | ||||||||||||||||||||||||||||||||||||
Lord Abbett Series Fund, Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2020 | 0.10% | 43 | 24.67 | 1,061 | 0.17% | 2.39% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 491 | 24.45 | to | 23.57 | 11,919 | 0.97% | 22.64% | to | 22.34% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 467 | 19.94 | to | 19.27 | 9,231 | 0.67% | -15.04% | to | -15.25% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 497 | 23.46 | to | 22.73 | 11,571 | 0.25% | 6.83% | to | 6.56% | ||||||||||||||||||||||||||||||||||||
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,052,546 | 11.45 | to | 11.29 | 23,287,595 | 2.10% | 0.63% | to | 0.38% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,143,345 | 11.37 | to | 11.24 | 24,171,910 | 2.93% | 3.13% | to | 2.87% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,956,169 | 11.03 | to | 10.93 | 21,417,644 | 3.53% | 5.06% | to | 4.79% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,808,605 | 10.50 | to | 10.43 | 18,872,525 | 3.81% | 1.15% | to | 0.90% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 1,393,388 | 10.35 | to | 10.34 | 14,405,924 | 3.55% | 1.99% | to | 1.93% | ||||||||||||||||||||||||||||||||||||
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,752,453 | 12.23 | to | 12.03 | 21,167,304 | 1.27% | -0.24% | to | -0.49% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 3,073,147 | 12.26 | to | 12.09 | 37,251,155 | 2.53% | 7.43% | to | 7.16% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,753,771 | 11.41 | to | 11.28 | 31,140,927 | 2.97% | 8.41% | to | 8.14% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,164,849 | 10.53 | to | 10.43 | 22,624,297 | 3.23% | -1.03% | to | -1.27% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,886,225 | 10.64 | to | 10.57 | 19,954,760 | 3.01% | 3.86% | to | 3.61% | ||||||||||||||||||||||||||||||||||||
MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Service Class (MNVFRS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.20% | 4,346 | 11.51 | 50,033 | 2.93% | 3.25% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.20% | 3,986 | 11.15 | 44,443 | 0.38% | 11.50% | * | *** | ||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS Growth Series: Service Class (MEGSS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.20% | 533 | 11.48 | 6,117 | 0.00% | 14.77% | * | *** | ||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 128,370 | 20.61 | to | 20.42 | 2,631,078 | 0.00% | 13.88% | to | 13.59% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 81,625 | 18.10 | to | 17.98 | 1,471,978 | 0.00% | 36.12% | to | 35.78% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 18,803 | 13.29 | to | 13.24 | 249,236 | 0.00% | 38.28% | to | 37.93% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 17,017 | 9.61 | to | 9.60 | 163,437 | 0.00% | -3.86% | to | -4.02% | **** | |||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Initial Class (MNDIC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 48,341 | 38.12 | 1,842,572 | 0.00% | 1.80% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 63,827 | 37.44 | 2,389,820 | 0.00% | 45.89% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 56,254 | 25.67 | 1,443,769 | 0.00% | 41.70% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 48,699 | 18.11 | 882,052 | 0.00% | -1.48% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 28,555 | 18.38 | 524,942 | 0.00% | 26.65% | ||||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 126,253 | 37.22 | to | 36.33 | 4,666,133 | 0.00% | 1.57% | to | 1.32% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 97,110 | 36.64 | to | 35.86 | 3,526,600 | 0.00% | 45.58% | to | 45.22% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 32,582 | 25.17 | to | 24.69 | 816,382 | 0.00% | 41.27% | to | 40.92% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 29,829 | 17.82 | to | 17.52 | 530,286 | 0.00% | -1.72% | to | -1.96% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 32,546 | 18.13 | to | 17.87 | 588,335 | 0.00% | 26.33% | to | 26.02% | ||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Initial Class (MV2EEI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 95 | 10.95 | 1,040 | 0.00% | -6.75% | * | *** | ||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Service Class (MV2EES) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | 12,179 | 10.86 | 132,316 | 0.30% | -7.12% | * | *** | ||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class (MV2IGI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 189,951 | 29.25 | 5,555,841 | 0.25% | 25.97% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 206,954 | 23.22 | 4,805,134 | 0.46% | 22.53% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 230,941 | 18.95 | 4,376,288 | 0.60% | 39.95% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 229,541 | 13.54 | 3,108,024 | 0.58% | 0.81% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 251,410 | 13.43 | 3,376,803 | 0.65% | 28.42% | ||||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,603,987 | 15.94 | to | 15.67 | 41,218,224 | 0.68% | 11.27% | to | 10.99% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,635,490 | 14.33 | to | 14.12 | 37,528,717 | 0.21% | 12.71% | to | 12.43% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,182,472 | 12.71 | to | 12.56 | 27,601,876 | 0.24% | 27.67% | to | 27.35% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 87,513 | 9.96 | to | 9.86 | 865,005 | 1.28% | -14.32% | to | -14.53% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 140,953 | 11.62 | to | 11.54 | 1,628,346 | 1.07% | 27.90% | to | 27.58% | ||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 19,590 | 18.04 | 353,487 | 0.88% | 30.99% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,076 | 13.78 | 14,823 | 0.41% | 37.76% | * | *** | ||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 102,467 | 14.90 | to | 14.80 | 1,519,132 | 0.78% | 30.60% | to | 30.28% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 120,414 | 11.41 | to | 11.36 | 1,369,174 | 1.33% | 3.67% | to | 3.41% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 902 | 10.99 | 9,912 | 0.00% | 9.90% | to | 9.86% | **** |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 92,735 | 25.57 | to | 25.08 | 2,338,407 | 0.91% | 29.18% | to | 28.86% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 88,920 | 19.79 | to | 19.46 | 1,738,664 | 1.11% | 15.06% | to | 14.77% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 144,468 | 17.20 | to | 16.96 | 2,454,672 | 1.32% | 28.87% | to | 28.55% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 173,610 | 13.22 | to | 13.19 | 2,291,750 | 1.32% | -8.17% | to | -8.22% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 69,728 | 14.40 | to | 14.37 | 1,002,295 | 1.31% | 20.23% | to | 20.17% | ||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS Value Series: Initial Class (MVFIC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 195,372 | 64.23 | 12,549,087 | 1.32% | 25.45% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 209,472 | 51.20 | 10,724,980 | 1.59% | 3.48% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 230,589 | 49.48 | 11,409,669 | 2.10% | 29.80% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 262,410 | 38.12 | 10,003,144 | 1.49% | -10.09% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 318,782 | 42.40 | 13,515,237 | 1.92% | 17.65% | ||||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 4,031,389 | 30.79 | to | 29.71 | 120,916,263 | 1.18% | 25.16% | to | 24.84% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 4,050,767 | 24.60 | to | 23.80 | 97,058,379 | 1.31% | 3.22% | to | 2.96% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 3,683,177 | 23.83 | to | 23.11 | 85,548,086 | 1.87% | 29.51% | to | 29.18% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 4,057,097 | 18.40 | to | 17.89 | 72,846,194 | 1.32% | -10.36% | to | -10.58% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 4,097,326 | 20.53 | to | 20.01 | 82,242,780 | 1.81% | 17.35% | to | 17.06% | ||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 35,831 | 13.88 | 497,183 | 0.56% | 9.27% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 23,851 | 12.70 | 302,884 | 1.73% | 15.84% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 11,023 | 10.96 | 120,843 | 0.40% | 9.63% | * | *** | ||||||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,656,042 | 44.37 | to | 42.99 | 115,368,604 | 0.14% | 10.28% | to | 10.00% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,828,148 | 40.23 | to | 39.08 | 111,199,442 | 0.78% | 20.21% | to | 19.91% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 3,016,906 | 33.47 | to | 32.59 | 98,737,788 | 1.50% | 25.65% | to | 25.34% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,148,318 | 26.64 | to | 26.00 | 82,138,111 | 0.86% | -9.72% | to | -9.95% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,580,987 | 29.51 | to | 28.87 | 103,804,494 | 1.35% | 26.82% | to | 26.50% | ||||||||||||||||||||||||||||||||||||
MFS(R) Variable Insurance Trust - MFS Total Return Bond Series: Service Class (MVRBSS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 352,564 | 11.90 | to | 11.76 | 4,164,240 | 2.59% | -1.07% | to | -1.31% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 298,146 | 12.03 | to | 11.92 | 3,561,325 | 2.76% | 8.17% | to | 7.90% | ||||||||||||||||||||||||||||||||||||
2019 | 0.25% | 109,591 | 11.04 | 1,210,363 | 1.84% | 9.65% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.25% | 23,116 | 10.07 | 232,843 | 2.90% | -1.58% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.25% | 9,484 | 10.23 | 97,060 | 0.00% | 2.34% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 164,510 | 43.97 | to | 41.75 | 7,443,541 | 5.21% | -2.02% | to | -2.27% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 174,553 | 44.88 | to | 42.72 | 7,877,711 | 4.42% | 5.55% | to | 5.28% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 192,075 | 42.52 | to | 40.58 | 8,154,321 | 5.29% | 14.25% | to | 13.97% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 207,015 | 37.22 | to | 35.61 | 7,571,021 | 7.47% | -6.94% | to | -7.18% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 524,587 | 39.99 | to | 38.36 | 24,398,279 | 5.49% | 9.71% | to | 9.44% | ||||||||||||||||||||||||||||||||||||
Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class I (MSVEG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 176,056 | 88.63 | to | 85.52 | 15,301,238 | 0.00% | 0.10% | to | -0.15% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 129,598 | 88.53 | to | 85.65 | 11,234,029 | 0.00% | 117.31% | to | 116.77% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 105,709 | 40.74 | to | 39.51 | 4,212,977 | 0.00% | 31.81% | to | 31.48% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 70,519 | 30.91 | to | 30.05 | 2,142,311 | 0.00% | 7.54% | to | 7.27% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 91,342 | 28.74 | to | 28.02 | 2,577,089 | 0.00% | 43.15% | to | 42.79% | ||||||||||||||||||||||||||||||||||||
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 125,585 | 21.17 | 2,658,152 | 3.91% | -0.32% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 123,213 | 21.24 | 2,616,433 | 2.90% | 7.80% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 115,319 | 19.70 | 2,271,641 | 4.03% | 10.88% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 117,770 | 17.77 | 2,092,287 | 2.53% | -0.65% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 133,523 | 17.88 | 2,387,701 | 3.17% | 6.24% | ||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley Variable Insurance Fund, Inc. - Discovery Portfolio: Class I (MSVMG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 47,910 | 74.81 | to | 70.86 | 3,480,932 | 0.00% | -11.06% | to | -11.28% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 59,566 | 84.11 | to | 79.87 | 4,810,306 | 0.00% | 152.30% | to | 151.67% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 73,374 | 33.34 | to | 31.74 | 2,355,735 | 0.00% | 40.11% | to | 39.76% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 168,880 | 23.79 | to | 22.71 | 3,847,166 | 0.00% | 10.65% | to | 10.37% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 229,681 | 21.50 | to | 20.58 | 4,737,853 | 0.00% | 38.76% | to | 38.42% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 89,895 | 83.98 | to | 66.54 | 7,110,330 | 2.00% | 39.66% | to | 39.45% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 95,339 | 51.76 | to | 47.71 | 5,211,568 | 2.41% | -16.85% | to | -17.06% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 160,729 | 62.25 | to | 57.53 | 10,593,341 | 1.85% | 18.94% | to | 18.64% | ||||||||||||||||||||||||||||||||||||
2018 | 0.10% | to | 0.25% | 174,180 | 52.34 | to | 48.49 | 9,200,872 | 2.83% | -7.71% | to | -7.95% | ||||||||||||||||||||||||||||||||||||
2017 | 0.10% | to | 0.25% | 288,035 | 66.09 | to | 52.67 | 16,012,798 | 1.53% | 3.01% | to | 2.85% | ||||||||||||||||||||||||||||||||||||
Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 333,039 | 14.74 | to | 14.22 | 4,781,913 | 2.48% | 23.83% | to | 23.53% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 394,939 | 11.90 | to | 11.52 | 4,579,745 | 4.58% | -14.85% | to | -15.06% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 421,903 | 13.98 | to | 13.56 | 5,747,394 | 2.42% | 18.06% | to | 17.76% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 449,700 | 11.84 | to | 11.51 | 5,193,412 | 3.12% | -8.20% | to | -8.43% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 395,703 | 12.90 | to | 12.57 | 4,985,540 | 2.33% | 9.71% | to | 9.43% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II (DTRTFB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 39,958 | 11.21 | 447,928 | 2.94% | -0.45% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 13,280 | 11.26 | 149,535 | 2.25% | 3.74% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 12,047 | 10.85 | 130,758 | 5.61% | 6.59% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 252 | 10.18 | 2,566 | 2.69% | 1.83% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I (EIF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.10% | 378,286 | 45.09 | to | 37.23 | 16,419,475 | 1.30% | 20.29% | to | 20.17% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.10% | 407,494 | 37.49 | to | 30.98 | 14,694,030 | 1.79% | 3.63% | to | 3.53% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.10% | 419,411 | 36.18 | to | 29.93 | 14,598,789 | 1.84% | 27.31% | to | 27.18% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 432,609 | 28.41 | to | 22.80 | 11,875,575 | 1.82% | -7.26% | to | -7.49% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 422,158 | 30.64 | to | 24.65 | 12,592,208 | 3.11% | 18.00% | to | 17.70% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 5,108,264 | 25.00 | to | 20.19 | 115,765,510 | 1.63% | -2.08% | to | -2.33% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 5,067,964 | 25.53 | to | 20.67 | 115,933,592 | 2.07% | 6.08% | to | 5.82% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 6,370,399 | 24.07 | to | 19.53 | 137,541,891 | 2.47% | 6.27% | to | 6.00% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,491,610 | 22.65 | to | 18.43 | 70,324,102 | 2.63% | -0.05% | to | -0.30% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,620,662 | 22.66 | to | 18.48 | 52,579,295 | 2.14% | 2.08% | to | 1.83% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 387,590 | 34.97 | to | 33.16 | 13,428,414 | 0.96% | -7.28% | to | -7.51% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 390,436 | 37.72 | to | 35.86 | 14,598,254 | 1.91% | 13.30% | to | 13.02% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 459,444 | 33.29 | to | 31.73 | 15,137,344 | 2.40% | 22.95% | to | 22.64% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 532,915 | 27.08 | to | 25.87 | 14,229,176 | 0.68% | -17.42% | to | -17.62% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 564,747 | 32.79 | to | 31.40 | 18,301,969 | 1.42% | 41.50% | to | 41.15% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 739,374 | 25.56 | to | 24.24 | 18,637,063 | 2.59% | 12.66% | to | 12.38% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 742,550 | 22.69 | to | 21.57 | 16,641,951 | 1.15% | 7.95% | to | 7.68% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 882,785 | 21.02 | to | 20.03 | 18,303,355 | 2.57% | 19.12% | to | 18.82% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 959,672 | 17.65 | to | 16.86 | 16,670,300 | 2.05% | -14.53% | to | -14.75% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 945,696 | 20.65 | to | 19.78 | 19,235,070 | 1.80% | 27.45% | to | 27.13% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II (GVAAA2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 463,122 | 30.90 | 14,312,406 | 1.12% | 14.71% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 464,253 | 26.94 | 12,507,621 | 1.56% | 12.00% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 562,207 | 24.06 | 13,524,090 | 1.66% | 20.78% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 565,512 | 19.92 | 11,262,919 | 1.19% | -4.98% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 597,989 | 20.96 | 12,533,765 | 1.14% | 15.79% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (GVABD2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 121,537 | 16.31 | 1,981,809 | 2.05% | -0.72% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 121,550 | 16.42 | 1,996,303 | 2.44% | 9.21% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 117,649 | 15.04 | 1,769,359 | 1.93% | 8.98% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 109,099 | 13.80 | 1,505,534 | 2.41% | -1.07% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 93,773 | 13.95 | 1,308,080 | 1.22% | 3.21% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (GVAGG2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 265,479 | 44.74 | 11,877,839 | 0.00% | 16.00% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 286,326 | 38.57 | 11,043,235 | 0.65% | 29.93% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 315,449 | 29.68 | 9,363,899 | 0.65% | 34.78% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 360,690 | 22.02 | 7,944,061 | 0.23% | -9.42% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 374,171 | 24.32 | 9,098,183 | 0.70% | 30.97% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (GVAGI2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 180,199 | 35.07 | 6,320,263 | 1.11% | 23.65% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 174,770 | 28.37 | 4,957,599 | 1.61% | 13.08% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 192,818 | 25.09 | 4,836,973 | 1.34% | 25.67% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 192,213 | 19.96 | 3,836,977 | 1.02% | -2.18% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 187,941 | 20.41 | 3,835,490 | 1.40% | 21.93% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (GVAGR2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 414,827 | 58.80 | 24,390,856 | 0.00% | 21.53% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 401,826 | 48.38 | 19,440,206 | 0.69% | 51.49% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 400,269 | 31.93 | 12,782,566 | 0.34% | 30.29% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 456,682 | 24.51 | 11,193,967 | 0.31% | -0.66% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 481,969 | 24.67 | 11,891,807 | 0.31% | 27.80% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 3,326,407 | 39.86 | to | 37.92 | 130,944,131 | 0.16% | 13.63% | to | 13.34% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 3,367,702 | 35.08 | to | 33.46 | 116,794,221 | 0.22% | 12.33% | to | 12.05% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 3,434,675 | 31.23 | to | 29.86 | 106,181,074 | 2.12% | 21.83% | to | 21.52% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,530,534 | 25.64 | to | 24.57 | 89,703,320 | 1.62% | -7.73% | to | -7.96% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,649,477 | 27.78 | to | 26.70 | 100,601,959 | 1.65% | 16.68% | to | 16.39% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 918,881 | 27.73 | to | 26.38 | 25,039,441 | 0.21% | 6.71% | to | 6.44% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 908,828 | 25.99 | to | 24.79 | 23,247,069 | 0.14% | 8.55% | to | 8.28% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 920,683 | 23.94 | to | 22.89 | 21,791,562 | 2.50% | 13.48% | to | 13.20% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 780,720 | 21.10 | to | 20.22 | 16,309,541 | 1.94% | -3.73% | to | -3.97% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 807,105 | 21.91 | to | 21.06 | 17,560,149 | 1.86% | 9.21% | to | 8.94% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 507,185 | 34.96 | 17,731,830 | 2.30% | 28.37% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 399,563 | 27.24 | 10,882,142 | 2.17% | 34.11% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 324,557 | 23.04 | 7,478,746 | 2.18% | 31.16% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 346,411 | 17.57 | 6,086,140 | 1.78% | -4.62% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 349,606 | 18.42 | 6,439,645 | 1.82% | 21.53% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,280,588 | 43.26 | to | 41.16 | 54,298,575 | 0.13% | 15.50% | to | 15.21% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,229,338 | 37.45 | to | 35.72 | 45,170,734 | 0.22% | 12.82% | to | 12.53% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,302,019 | 33.20 | to | 31.74 | 42,423,465 | 2.07% | 23.73% | to | 23.42% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,291,051 | 26.83 | to | 25.72 | 34,020,063 | 1.51% | -8.85% | to | -9.08% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,324,607 | 29.44 | to | 28.29 | 38,390,868 | 1.77% | 18.43% | to | 18.13% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 873,949 | 21.88 | to | 20.81 | 18,734,221 | 0.23% | 2.75% | to | 2.49% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 804,039 | 21.29 | to | 20.31 | 16,784,610 | 0.10% | 6.71% | to | 6.45% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 728,384 | 19.95 | to | 19.08 | 14,277,476 | 2.19% | 9.53% | to | 9.26% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 714,180 | 18.21 | to | 17.46 | 12,796,172 | 1.98% | -1.80% | to | -2.05% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 734,293 | 18.55 | to | 17.82 | 13,438,074 | 2.07% | 5.68% | to | 5.42% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,555,637 | 33.49 | to | 31.86 | 84,688,200 | 0.19% | 10.31% | to | 10.04% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,723,052 | 30.36 | to | 28.95 | 81,778,533 | 0.14% | 10.34% | to | 10.07% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,741,076 | 27.51 | to | 26.30 | 74,720,712 | 2.15% | 17.74% | to | 17.45% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,908,368 | 23.36 | to | 22.40 | 67,402,444 | 1.92% | -5.68% | to | -5.92% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,859,045 | 24.77 | to | 23.80 | 70,381,426 | 1.81% | 12.93% | to | 12.65% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 284,284 | 14.41 | 4,096,250 | 2.81% | 10.53% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 301,847 | 13.04 | 3,935,044 | 2.48% | 7.34% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 249,031 | 12.15 | 3,024,582 | 3.42% | 21.42% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 230,301 | 10.00 | 2,303,744 | 2.48% | -13.90% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 232,560 | 11.62 | 2,701,863 | 2.67% | 24.56% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I (HIBF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 610,947 | 38.68 | to | 37.74 | 22,941,580 | 4.81% | 4.96% | to | 4.70% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 608,701 | 36.85 | to | 36.05 | 22,064,177 | 5.31% | 6.02% | to | 5.75% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 689,566 | 34.76 | to | 34.09 | 23,640,241 | 5.42% | 14.74% | to | 14.45% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 798,649 | 30.29 | to | 29.78 | 23,884,052 | 6.16% | -3.00% | to | -3.24% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 760,714 | 31.23 | to | 30.78 | 23,508,545 | 5.56% | 6.76% | to | 6.49% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I (IDPG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 19,751 | 16.00 | 315,956 | 0.41% | 12.34% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,075 | 14.24 | 15,308 | 0.11% | 6.59% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 1,464 | 13.36 | 19,559 | 1.95% | 15.52% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 2,366 | 11.56 | 27,362 | 1.96% | -5.82% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 3,468 | 12.28 | 42,586 | 3.31% | 17.23% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class I (IDPGI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 693 | 14.49 | 10,043 | 0.44% | 7.72% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 628 | 13.45 | 8,449 | 0.13% | 4.83% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 599 | 12.83 | 7,688 | 2.77% | 13.37% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 7 | 11.96 | 84 | 1.18% | 14.30% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,809,935 | 103.44 | to | 68.25 | 148,530,286 | 1.22% | 24.26% | to | 23.95% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,913,851 | 83.25 | to | 55.06 | 123,638,238 | 1.19% | 13.11% | to | 12.83% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,062,940 | 73.60 | to | 48.80 | 117,003,328 | 1.37% | 25.65% | to | 25.34% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,209,081 | 58.57 | to | 38.94 | 98,969,534 | 1.32% | -11.38% | to | -11.61% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,365,493 | 66.10 | to | 44.05 | 120,817,110 | 1.08% | 15.78% | to | 15.49% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I (MSBF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 378,407 | 29.85 | to | 26.60 | 11,120,414 | 5.63% | 5.24% | to | 4.98% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 379,111 | 28.36 | to | 25.34 | 10,564,120 | 3.47% | 4.06% | to | 3.80% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 416,531 | 27.26 | to | 24.41 | 11,150,443 | 4.93% | 9.17% | to | 8.90% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 456,560 | 24.97 | to | 22.42 | 11,082,366 | 2.78% | -2.34% | to | -2.59% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 481,385 | 25.57 | to | 23.01 | 12,023,718 | 4.65% | 6.33% | to | 6.07% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 12,328 | 16.19 | 199,568 | 0.34% | 15.72% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 6,632 | 13.99 | 92,776 | 0.94% | 7.53% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 9,171 | 13.01 | 119,305 | 2.87% | 15.59% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 7,902 | 11.25 | 88,929 | 2.72% | -6.79% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 4,793 | 12.07 | 57,867 | 1.81% | 17.98% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I (NCPGI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,455 | 14.63 | 21,283 | 0.33% | 10.24% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,449 | 13.27 | 19,227 | 0.62% | 5.32% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 385 | 12.60 | 4,850 | 1.59% | 14.05% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 8 | 11.85 | 95 | 1.12% | 14.96% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2020 | 0.25% | 5,403 | 10.18 | 55,000 | 0.45% | 1.26% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class Y (NJMMAY) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 75,642 | 11.04 | 835,043 | 2.41% | 7.62% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 76,088 | 10.26 | 780,459 | 0.00% | 7.42% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I (NVAMV1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 860,949 | 48.33 | 41,606,698 | 1.24% | 34.53% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 990,802 | 35.92 | 35,592,148 | 1.63% | 1.49% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 1,163,109 | 35.39 | 41,167,002 | 2.68% | 26.95% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 1,267,871 | 27.88 | 35,347,777 | 1.42% | -9.35% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 1,357,653 | 30.75 | 41,754,065 | 1.69% | 8.67% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X (NVAMVX) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,763,302 | 15.97 | to | 15.92 | 28,143,314 | 1.40% | 34.71% | to | 34.37% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,715,353 | 11.86 | to | 11.85 | 20,332,539 | 1.38% | 18.55% | to | 18.46% | **** | |||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 19,439,766 | 12.30 | to | 12.07 | 237,132,398 | 2.01% | -2.08% | to | -2.32% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 30,603,276 | 12.57 | to | 12.36 | 381,622,725 | 2.21% | 7.20% | to | 6.93% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 22,483,412 | 11.72 | to | 11.56 | 302,908,062 | 3.06% | 8.40% | to | 8.13% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 16,799,978 | 10.81 | to | 10.69 | 180,438,802 | 2.58% | -0.36% | to | -0.61% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 16,764,981 | 10.85 | to | 10.75 | 181,026,501 | 3.00% | 3.12% | to | 2.86% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 156,509 | 17.20 | 2,691,588 | 1.79% | -1.03% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 214,351 | 17.38 | 3,724,668 | 3.03% | 7.01% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 160,810 | 16.24 | 2,611,223 | 3.18% | 8.94% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 136,733 | 14.91 | 2,038,006 | 3.51% | -0.42% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 126,280 | 14.97 | 1,890,127 | 3.21% | 4.40% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I (NVCCA1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 194,920 | 24.94 | to | 32.97 | 4,862,254 | 0.28% | 15.75% | to | 15.46% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 207,791 | 21.55 | to | 28.56 | 4,477,882 | 0.97% | 11.67% | to | 11.39% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 209,609 | 19.30 | to | 25.64 | 4,056,901 | 2.90% | 20.22% | to | 19.92% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 264,163 | 16.05 | to | 21.38 | 4,249,918 | 2.03% | -8.04% | to | -8.27% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 352,112 | 17.46 | to | 23.31 | 6,176,724 | 1.63% | 16.01% | to | 15.72% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 221,546 | 17.66 | to | 18.26 | 3,961,507 | 0.22% | 4.49% | to | 4.23% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 251,827 | 16.90 | to | 17.52 | 4,303,945 | 0.26% | 7.69% | to | 7.42% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 189,973 | 15.69 | to | 16.31 | 2,997,897 | 3.06% | 10.77% | to | 10.50% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 167,055 | 14.17 | to | 14.76 | 2,377,843 | 2.02% | -2.51% | to | -2.75% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 259,595 | 14.53 | to | 15.17 | 3,788,844 | 2.12% | 6.35% | to | 6.09% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 359,078 | 26.06 | to | 36.37 | 9,701,746 | 0.25% | 18.12% | to | 17.82% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 347,046 | 22.06 | to | 30.87 | 7,741,165 | 1.11% | 12.36% | to | 12.08% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 360,913 | 19.63 | to | 27.54 | 7,167,318 | 2.97% | 22.32% | to | 22.02% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 383,832 | 16.05 | to | 22.57 | 6,255,071 | 2.04% | -9.39% | to | -9.62% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 445,041 | 17.71 | to | 24.97 | 8,032,341 | 1.63% | 18.16% | to | 17.86% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 109,336 | 20.61 | to | 23.38 | 2,266,484 | 0.27% | 9.23% | to | 8.95% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 151,817 | 18.86 | to | 21.46 | 2,877,906 | 0.55% | 9.15% | to | 8.88% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 133,143 | 17.28 | to | 19.71 | 2,325,027 | 2.90% | 14.28% | to | 13.99% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 152,838 | 15.12 | to | 17.29 | 2,332,907 | 1.78% | -4.68% | to | -4.92% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 266,273 | 15.87 | to | 18.19 | 4,259,683 | 1.89% | 10.08% | to | 9.80% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 454,554 | 23.50 | to | 29.47 | 11,030,614 | 0.29% | 13.64% | to | 13.35% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 396,875 | 20.68 | to | 26.00 | 8,530,891 | 0.86% | 10.77% | to | 10.49% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 388,182 | 18.67 | to | 23.53 | 7,459,140 | 2.94% | 18.32% | to | 18.03% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 375,704 | 15.78 | to | 19.94 | 6,023,849 | 2.20% | -7.07% | to | -7.30% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 380,324 | 16.98 | to | 21.51 | 6,483,856 | 1.79% | 14.05% | to | 13.77% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 141,906 | 27.07 | to | 40.93 | 3,967,014 | 0.19% | 20.19% | to | 19.89% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 143,568 | 22.52 | to | 34.14 | 3,304,285 | 1.16% | 12.74% | to | 12.46% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 149,689 | 19.98 | to | 30.36 | 3,045,331 | 2.84% | 24.15% | to | 23.84% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 190,615 | 16.09 | to | 24.51 | 3,108,220 | 1.88% | -10.72% | to | -10.95% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 256,531 | 18.03 | to | 27.53 | 4,685,958 | 1.35% | 19.99% | to | 19.69% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I (NVCRB1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 343,739 | 21.88 | to | 26.08 | 7,719,947 | 0.26% | 11.12% | to | 10.84% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 319,255 | 19.69 | to | 23.52 | 6,423,916 | 0.66% | 9.71% | to | 9.44% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 362,954 | 17.95 | to | 21.50 | 6,599,413 | 2.84% | 16.29% | to | 16.00% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 391,200 | 15.44 | to | 18.53 | 6,082,785 | 1.65% | -6.04% | to | -6.28% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,908,299 | 16.43 | to | 19.77 | 36,270,215 | 0.60% | 12.01% | to | 11.73% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 76,675 | 25.65 | 1,966,475 | 0.20% | 8.24% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 91,064 | 23.69 | 2,157,666 | 0.13% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 88,203 | 21.66 | 1,910,205 | 2.32% | 15.34% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 85,642 | 18.78 | 1,608,052 | 1.94% | -4.85% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 88,042 | 19.73 | 1,737,360 | 1.86% | 11.13% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 22,415 | 33.03 | 740,332 | 0.17% | 12.16% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 27,253 | 29.45 | 802,530 | 0.18% | 11.62% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 30,410 | 26.38 | 802,282 | 2.09% | 19.94% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 32,130 | 22.00 | 706,736 | 1.74% | -6.47% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 34,138 | 23.52 | 802,848 | 1.66% | 14.81% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 21,381 | 12.16 | 260,056 | 0.36% | 12.38% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 14,775 | 10.82 | 159,917 | 0.00% | 8.24% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 14,689 | 11.09 | 162,889 | 0.87% | -2.02% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 22,193 | 11.32 | 251,187 | 1.49% | 7.12% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 11,457 | 10.57 | 121,050 | 1.08% | 5.66% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 5,318 | 15.33 | 81,543 | 1.32% | 21.87% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 3,002 | 12.58 | 37,771 | 1.68% | 15.76% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 1,703 | 10.87 | 18,510 | 0.58% | 8.69% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 319,239 | 11.84 | 3,781,080 | 0.51% | 10.44% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 98,504 | 10.72 | 1,056,414 | 0.00% | 7.25% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 15,740 | 14.80 | 232,961 | 2.32% | 12.40% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 16,029 | 13.17 | 211,067 | 0.98% | 7.69% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 16,404 | 12.23 | 200,590 | 2.30% | 18.91% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 18,710 | 10.28 | 192,399 | 1.82% | -14.80% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 19,184 | 12.07 | 231,546 | 1.53% | 27.07% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class I (NVIX) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,575,056 | 14.36 | to | 14.09 | 36,587,631 | 3.04% | 10.84% | to | 10.57% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,414,969 | 12.96 | to | 12.75 | 30,959,979 | 2.52% | 7.53% | to | 7.27% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,374,544 | 12.05 | to | 11.88 | 28,315,323 | 3.43% | 21.77% | to | 21.46% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,384,652 | 9.90 | to | 9.78 | 23,397,777 | 2.12% | -13.81% | to | -14.03% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,314,850 | 11.48 | to | 11.38 | 37,811,091 | 3.00% | 24.88% | to | 24.57% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I (NVLCP1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 303,253 | 18.76 | 5,688,994 | 3.89% | -0.72% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 120,503 | 18.90 | 2,277,107 | 3.04% | 9.31% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 117,469 | 17.29 | 2,030,781 | 3.22% | 9.89% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 127,441 | 15.73 | 2,004,980 | 2.77% | -1.20% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 122,014 | 15.92 | 1,942,992 | 2.32% | 3.94% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,099,683 | 19.94 | 21,930,646 | 0.38% | -1.08% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,114,827 | 20.16 | 22,475,770 | 0.98% | 51.04% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 1,200,666 | 13.35 | 16,026,199 | 1.23% | 33.15% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 1,318,529 | 10.02 | 13,217,896 | 1.09% | -16.46% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 1,364,483 | 12.00 | 16,373,011 | 1.23% | 25.77% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 430,600 | 13.03 | 5,609,958 | 3.37% | 10.58% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 428,631 | 11.78 | 5,050,061 | 0.00% | 17.82% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 470,430 | 51.02 | to | 49.31 | 23,926,902 | 0.00% | 40.45% | to | 40.10% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 487,140 | 36.33 | to | 35.20 | 17,642,372 | 0.00% | 30.09% | to | 29.77% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 542,567 | 27.93 | to | 27.12 | 15,086,794 | 4.06% | 30.53% | to | 30.20% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 606,571 | 21.39 | to | 20.83 | 12,927,838 | 0.31% | -3.08% | to | -3.32% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 624,433 | 22.07 | to | 21.55 | 13,741,353 | 0.35% | 30.20% | to | 29.88% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I (NVMMG1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,411,401 | 42.85 | to | 41.41 | 60,408,255 | 0.12% | -4.70% | to | -4.94% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,518,258 | 44.97 | to | 43.57 | 68,167,277 | 0.00% | 60.90% | to | 60.50% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,543,482 | 27.95 | to | 27.14 | 43,080,056 | 0.00% | 37.25% | to | 36.91% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,712,714 | 20.36 | to | 19.83 | 34,827,130 | 0.00% | -6.85% | to | -7.08% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,786,642 | 21.86 | to | 21.34 | 39,018,652 | 0.00% | 27.74% | to | 27.42% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 314,894 | 33.26 | to | 32.14 | 10,357,156 | 0.92% | 24.20% | to | 23.89% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 302,109 | 26.78 | to | 25.94 | 8,001,705 | 2.18% | -1.07% | to | -1.32% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 326,265 | 27.07 | to | 26.29 | 8,745,468 | 2.38% | 23.97% | to | 23.66% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 338,667 | 21.83 | to | 21.26 | 7,329,003 | 1.30% | -13.12% | to | -13.33% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 321,257 | 25.13 | to | 24.53 | 8,020,943 | 1.93% | 13.95% | to | 13.66% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 404,798 | 32.62 | 13,206,366 | 0.73% | 24.02% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 464,832 | 26.31 | 12,228,172 | 2.08% | -1.14% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 500,340 | 26.61 | 13,314,607 | 2.25% | 23.85% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 539,003 | 21.49 | 11,581,733 | 1.06% | -13.15% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 595,604 | 24.74 | 14,736,438 | 1.10% | 13.84% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I (NVNMO1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 634,912 | 35.71 | 22,674,998 | 0.30% | 26.57% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 682,660 | 28.22 | 19,262,259 | 0.43% | 13.55% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 744,674 | 24.85 | 18,504,708 | 0.66% | 28.07% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 777,174 | 19.40 | 15,079,331 | 0.54% | -4.76% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 885,441 | 20.37 | 18,039,591 | 0.52% | 24.85% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I (NVNSR1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 17,186 | 36.97 | to | 21.64 | 630,968 | 0.64% | 26.81% | to | 26.49% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 6,143 | 29.15 | 179,085 | 0.72% | 13.36% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 8,372 | 25.72 | 215,301 | 0.81% | 26.01% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 10,147 | 20.41 | to | 12.03 | 206,797 | 0.66% | -5.79% | to | -6.03% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 10,377 | 21.66 | 224,801 | 0.54% | 18.62% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I (NVOLG1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.20% | 4,717,424 | 71.53 | to | 27.50 | 333,436,491 | 0.62% | 30.24% | to | 29.98% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.20% | 3,865,693 | 54.92 | to | 21.16 | 207,291,349 | 1.36% | 18.90% | to | 18.66% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 4,099,182 | 46.19 | to | 17.80 | 186,532,170 | 1.73% | 37.62% | to | 37.27% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 4,451,457 | 33.57 | to | 12.97 | 146,879,969 | 0.78% | -1.27% | to | -1.52% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 4,775,384 | 34.00 | to | 13.17 | 160,027,861 | 0.48% | 27.31% | to | 26.99% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,283,052 | 29.71 | to | 57.76 | 43,969,602 | 1.13% | 46.75% | to | 46.38% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,317,987 | 20.25 | to | 39.46 | 29,813,361 | 1.55% | -5.39% | to | -5.62% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,372,936 | 21.40 | to | 41.81 | 32,551,143 | 1.72% | 30.70% | to | 30.38% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,473,675 | 16.37 | to | 32.07 | 27,139,310 | 1.82% | -3.92% | to | -4.16% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,662,999 | 17.04 | to | 33.46 | 32,188,831 | 2.18% | 6.50% | to | 6.23% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 101,081 | 26.27 | to | 17.95 | 2,536,503 | 1.01% | 14.20% | to | 13.92% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 67,904 | 23.00 | to | 15.76 | 1,557,624 | 1.01% | 57.85% | to | 57.59% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 57,737 | 19.28 | 1,113,172 | 0.94% | 24.96% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 65,783 | 15.43 | 1,014,967 | 1.23% | -11.34% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 55,447 | 17.40 | 964,941 | 0.89% | 14.18% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y (NVSIXD) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 1,568 | 18.12 | 28,414 | 3.14% | 14.54% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class I (NVSTB1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 12,249,853 | 13.27 | to | 12.83 | 160,215,231 | 1.26% | -0.44% | to | -0.69% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,453,534 | 13.33 | to | 12.92 | 32,108,328 | 2.50% | 3.20% | to | 2.95% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 8,069,491 | 12.92 | to | 12.55 | 102,835,231 | 2.57% | 4.33% | to | 4.07% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 6,606,604 | 12.38 | to | 12.06 | 80,692,065 | 3.17% | 0.98% | to | 0.73% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,643,728 | 12.26 | to | 11.97 | 44,065,574 | 2.28% | 1.95% | to | 1.70% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 162,797 | 12.81 | 2,085,159 | 0.82% | -0.59% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 251,284 | 12.88 | 3,237,618 | 1.66% | 2.83% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 234,739 | 12.53 | 2,941,158 | 2.37% | 4.09% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 223,003 | 12.04 | 2,684,401 | 2.79% | 0.82% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 135,228 | 11.94 | 1,614,564 | 1.87% | 1.58% | ||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 41,436 | 21.02 | 871,170 | 2.37% | 10.40% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 43,970 | 19.04 | 837,364 | 1.40% | 5.18% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 60,476 | 18.11 | 1,094,990 | 2.48% | 12.49% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 62,918 | 16.10 | 1,012,749 | 2.00% | -15.69% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 60,833 | 19.09 | 1,161,395 | 2.42% | 22.72% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.10% | 2,395,575 | 14.85 | to | 13.63 | 35,570,868 | 0.00% | 0.00% | to | -0.10% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.10% | 2,592,546 | 14.85 | to | 13.65 | 38,495,066 | 0.24% | 0.24% | to | 0.14% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,945,259 | 14.81 | to | 12.13 | 43,621,222 | 1.77% | 1.78% | to | 1.53% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,087,242 | 14.55 | to | 11.95 | 44,916,430 | 1.39% | 1.39% | to | 1.14% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,720,878 | 14.35 | to | 11.81 | 39,022,347 | 0.42% | 0.42% | to | 0.17% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V (SAM5) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 22,191,764 | 12.21 | to | 11.64 | 263,011,500 | 0.00% | 0.00% | to | -0.25% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 19,122,843 | 12.21 | to | 11.67 | 225,619,161 | 0.26% | 0.26% | to | 0.01% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 18,952,580 | 12.18 | to | 11.67 | 223,665,269 | 1.83% | 1.83% | to | 1.58% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 15,777,823 | 11.96 | to | 11.48 | 182,989,302 | 1.43% | 1.44% | to | 1.19% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 15,049,008 | 11.79 | to | 11.35 | 172,496,303 | 0.47% | 0.47% | to | 0.22% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 644,751 | 102.96 | to | 67.28 | 64,396,933 | 0.00% | 30.84% | to | 30.51% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 712,462 | 78.70 | to | 51.56 | 49,314,100 | 0.02% | 22.69% | to | 22.38% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 795,273 | 64.14 | to | 42.13 | 44,132,344 | 0.07% | 25.65% | to | 25.33% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 916,577 | 51.05 | to | 33.61 | 39,442,351 | 0.01% | -12.63% | to | -12.85% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 970,377 | 58.43 | to | 38.57 | 48,099,161 | 0.00% | 13.49% | to | 13.20% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 507,073 | 72.26 | to | 68.28 | 36,139,695 | 0.00% | 10.31% | to | 10.03% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 530,757 | 65.51 | to | 62.06 | 34,251,785 | 0.00% | 40.89% | to | 40.54% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 578,711 | 46.50 | to | 44.16 | 26,525,233 | 0.00% | 35.71% | to | 35.37% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 622,751 | 34.26 | to | 32.62 | 21,042,841 | 0.00% | -7.94% | to | -8.17% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 634,458 | 37.22 | to | 35.52 | 23,303,149 | 0.00% | 24.92% | to | 24.61% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 566,793 | 87.96 | to | 65.12 | 49,709,406 | 0.00% | 32.04% | to | 31.71% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 581,640 | 66.62 | to | 49.44 | 37,873,821 | 0.08% | 5.15% | to | 4.89% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 605,244 | 63.35 | to | 47.13 | 37,374,355 | 1.06% | 19.00% | to | 18.70% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 666,577 | 53.24 | to | 39.71 | 34,101,799 | 0.68% | -16.95% | to | -17.16% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 717,085 | 64.11 | to | 47.93 | 44,148,210 | 0.51% | 9.06% | to | 8.79% | ||||||||||||||||||||||||||||||||||||
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.20% | 999,625 | 55.38 | to | 43.22 | 55,171,923 | 0.78% | 21.88% | to | 21.64% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,058,400 | 45.43 | to | 35.17 | 48,008,857 | 1.08% | 10.35% | to | 10.08% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,069,600 | 41.17 | to | 31.95 | 77,888,080 | 0.77% | 29.31% | to | 28.98% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 4,994,776 | 31.84 | to | 24.77 | 136,447,001 | 1.08% | 0.00% | to | -0.25% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 5,166,790 | 31.84 | to | 24.84 | 141,543,651 | 0.98% | 20.52% | to | 20.22% | ||||||||||||||||||||||||||||||||||||
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 35,938 | 72.84 | to | 51.83 | 1,872,414 | 0.00% | 12.88% | to | 12.71% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 40,347 | 89.81 | to | 45.99 | 1,865,369 | 0.00% | 39.98% | to | 39.63% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 58,523 | 64.16 | to | 32.94 | 2,027,969 | 0.00% | 32.75% | to | 32.42% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 73,877 | 48.33 | to | 24.87 | 1,838,116 | 0.00% | -6.40% | to | -6.64% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 79,235 | 51.64 | to | 26.64 | 2,111,578 | 0.00% | 25.29% | to | 24.98% | ||||||||||||||||||||||||||||||||||||
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 46,056 | 24.28 | 1,118,369 | 0.00% | 12.72% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 51,504 | 21.54 | 1,109,490 | 0.00% | 39.71% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 75,744 | 15.42 | 1,167,896 | 0.00% | 32.48% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 66,658 | 11.64 | 775,808 | 0.00% | -6.56% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 88,306 | 12.46 | 1,099,883 | 0.00% | 24.56% | ||||||||||||||||||||||||||||||||||||||||||
Neuberger Berman Advisers Management Trust - Mid Cap Intrinsic Value Portfolio: I Class Shares (AMRI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 463 | 28.50 | 13,195 | 0.57% | 32.80% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.10% | 1,350 | 21.46 | to | 21.15 | 28,716 | 1.05% | -2.62% | to | -2.72% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.20% | 1,756 | 22.04 | to | 21.44 | 38,226 | 0.51% | 16.74% | to | 16.51% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 122,620 | 18.88 | to | 18.29 | 2,244,041 | 0.60% | -15.28% | to | -15.49% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 196,232 | 22.28 | to | 21.64 | 4,248,282 | 0.79% | 16.74% | to | 16.44% | ||||||||||||||||||||||||||||||||||||
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 44,113 | 66.43 | to | 63.40 | 2,929,003 | 0.38% | 23.48% | to | 23.17% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 49,461 | 53.80 | to | 51.48 | 2,659,925 | 0.56% | 19.56% | to | 19.26% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 73,644 | 45.00 | to | 43.16 | 3,295,233 | 0.44% | 25.88% | to | 25.57% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 56,641 | 35.75 | 2,024,700 | 0.48% | -5.73% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 62,085 | 37.92 | 2,354,080 | 0.52% | 18.43% | ||||||||||||||||||||||||||||||||||||||||||
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 423,072 | 13.81 | 5,843,360 | 3.52% | 0.74% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 207,597 | 13.71 | 2,846,187 | 2.33% | 3.46% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 218,350 | 13.25 | 2,893,560 | 2.01% | 3.69% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 217,249 | 12.78 | 2,776,608 | 1.59% | 1.02% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 228,876 | 12.65 | 2,895,650 | 1.31% | 0.89% | ||||||||||||||||||||||||||||||||||||||||||
Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 3 (NOTB3) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 4,742 | 14.66 | 69,534 | 1.04% | 8.51% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 3,627 | 13.51 | 49,013 | 2.18% | 5.66% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 3,618 | 12.79 | 46,272 | 2.19% | 14.48% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 3,588 | 11.17 | 40,083 | 1.64% | -6.15% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 3,552 | 11.90 | 42,281 | 1.52% | 10.58% | ||||||||||||||||||||||||||||||||||||||||||
Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 3 (NOTG3) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 3,665 | 15.66 | 57,386 | 0.96% | 12.43% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 3,591 | 13.93 | 50,011 | 2.07% | 5.18% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 3,493 | 13.24 | 46,251 | 1.88% | 16.93% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 3,413 | 11.32 | 38,647 | 1.54% | -8.84% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 2,874 | 12.42 | 35,698 | 1.59% | 17.45% | ||||||||||||||||||||||||||||||||||||||||||
Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 3 (NOTMG3) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 10,148 | 15.65 | 158,828 | 1.04% | 10.98% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 10,474 | 14.10 | 147,710 | 1.93% | 5.90% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 4,296 | 13.32 | 57,210 | 2.09% | 16.16% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 4,454 | 11.46 | 51,061 | 1.60% | -7.38% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 4,249 | 12.38 | 52,590 | 1.60% | 13.83% | ||||||||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 193,526 | 28.65 | to | 27.41 | 5,434,933 | 11.25% | 16.23% | to | 15.94% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 214,380 | 24.65 | to | 23.64 | 5,194,505 | 5.47% | 8.01% | to | 7.74% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 675,872 | 22.82 | to | 21.94 | 14,999,803 | 2.81% | 11.90% | to | 11.62% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,106,937 | 20.39 | to | 19.66 | 21,946,729 | 3.18% | -5.41% | to | -5.64% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,251,381 | 21.56 | to | 20.83 | 26,275,407 | 4.77% | 13.54% | to | 13.26% | ||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Administrative Class (PMVFBA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.20% | 103,881 | 14.52 | to | 14.13 | 1,491,803 | 5.86% | -7.52% | to | -7.70% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 104,814 | 15.70 | to | 15.21 | 1,623,712 | 5.60% | 10.77% | to | 10.50% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 114,171 | 14.18 | to | 13.77 | 1,592,948 | 2.03% | 7.02% | to | 6.76% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 121,129 | 13.25 | to | 12.90 | 1,579,260 | 5.27% | -3.98% | to | -4.22% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 107,560 | 13.80 | to | 13.47 | 1,463,348 | 1.60% | 10.85% | to | 10.57% | ||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 32,351 | 11.53 | to | 11.39 | 370,172 | 1.55% | -1.95% | to | -2.20% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 32,324 | 11.76 | to | 11.65 | 376,994 | 5.79% | 5.55% | to | 5.29% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 36,396 | 11.14 | to | 11.06 | 402,715 | 1.75% | 7.01% | to | 6.74% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 37,522 | 10.37 | 388,929 | 1.40% | 1.91% | to | 1.86% | ||||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 1,364 | 10.18 | 13,882 | 4.07% | 1.79% | to | 1.76% | **** | |||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Administrative Class (PMVGBA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 87,855 | 11.26 | to | 11.13 | 978,882 | 5.03% | -4.16% | to | -4.40% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 53,516 | 11.71 | to | 11.64 | 623,388 | 2.49% | 10.00% | to | 9.84% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 45,894 | 10.61 | to | 10.60 | 486,599 | 2.48% | 5.91% | to | 5.86% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 29,386 | 10.02 | to | 10.01 | 294,330 | 6.77% | -4.39% | to | -4.44% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 29,861 | 10.48 | 312,923 | 2.87% | 4.82% | to | 4.78% | **** | |||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 83,090 | 12.35 | to | 12.24 | 1,018,571 | 4.46% | 3.65% | to | 3.39% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 73,350 | 11.92 | to | 11.84 | 869,082 | 4.80% | 5.72% | to | 5.45% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 53,595 | 11.27 | to | 11.22 | 601,755 | 4.74% | 14.73% | to | 14.44% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 17,836 | 9.82 | to | 9.81 | 174,995 | 0.60% | -1.76% | to | -1.92% | **** | |||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,713,185 | 16.84 | to | 16.05 | 44,248,853 | 0.52% | -0.93% | to | -1.17% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,498,735 | 17.00 | to | 16.24 | 41,172,809 | 1.17% | 2.99% | to | 2.73% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,169,008 | 16.51 | to | 15.81 | 34,754,394 | 2.76% | 4.03% | to | 3.77% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,259,303 | 15.87 | to | 15.23 | 34,758,052 | 1.93% | 0.34% | to | 0.09% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,337,915 | 15.82 | to | 15.22 | 35,880,442 | 1.31% | 1.35% | to | 1.10% | ||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio: Administrative Class (PMVLGA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 706,484 | 20.43 | to | 19.85 | 14,384,636 | 1.56% | -4.78% | to | -5.02% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 870,552 | 21.46 | to | 20.89 | 18,624,770 | 1.63% | 17.38% | to | 17.09% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 474,406 | 18.28 | to | 17.85 | 8,637,893 | 2.07% | 13.32% | to | 13.04% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,221,413 | 16.13 | to | 15.79 | 19,675,839 | 2.28% | -2.38% | to | -2.63% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 99,714 | 16.53 | to | 16.21 | 1,623,866 | 2.17% | 8.96% | to | 8.69% | ||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,307,381 | 25.09 | to | 23.90 | 55,948,773 | 4.91% | 5.55% | to | 5.28% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 2,268,919 | 23.77 | to | 22.70 | 52,134,936 | 1.43% | 11.72% | to | 11.44% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,292,172 | 21.28 | to | 20.37 | 47,192,762 | 1.67% | 8.44% | to | 8.16% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,580,241 | 19.62 | to | 18.84 | 48,941,173 | 2.45% | -2.21% | to | -2.46% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,621,163 | 20.07 | to | 19.31 | 50,833,643 | 2.37% | 3.66% | to | 3.40% | ||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Administrative Class (PMVRSA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 45,474 | 8.40 | 381,859 | 4.87% | 33.34% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 23,857 | 6.30 | 150,242 | 6.51% | 1.35% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 22,676 | 6.21 | 140,900 | 4.51% | 11.43% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 21,575 | 5.58 | 120,307 | 1.88% | -14.13% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 24,328 | 6.49 | 157,984 | 11.82% | 2.15% | ||||||||||||||||||||||||||||||||||||||||||
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,989,602 | 24.71 | to | 23.54 | 71,878,023 | 1.83% | -1.26% | to | -1.51% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 3,331,795 | 25.03 | to | 23.90 | 81,214,234 | 2.11% | 8.64% | to | 8.37% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 3,204,002 | 23.04 | to | 22.06 | 71,823,226 | 3.01% | 8.35% | to | 8.08% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,238,199 | 21.26 | to | 20.41 | 66,878,948 | 2.53% | -0.54% | to | -0.79% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 3,625,131 | 21.37 | to | 20.57 | 75,462,939 | 2.03% | 4.92% | to | 4.66% | ||||||||||||||||||||||||||||||||||||
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (PVEIB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 128,006 | 18.26 | 2,337,757 | 1.05% | 27.30% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 118,429 | 14.35 | 1,698,982 | 1.72% | 5.80% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 110,712 | 13.56 | 1,501,164 | 2.06% | 30.40% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 124,107 | 10.40 | 1,290,445 | 0.55% | -8.49% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 87,969 | 11.36 | 999,528 | 0.00% | 13.62% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 115,984 | 31.63 | 3,668,364 | 0.00% | 22.65% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 140,034 | 25.79 | 3,610,974 | 0.03% | 38.71% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 101,955 | 18.59 | 1,895,388 | 0.15% | 36.74% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 137,529 | 13.60 | 1,869,742 | 0.00% | 2.38% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 110,820 | 13.28 | 1,471,597 | 0.10% | 30.90% | ||||||||||||||||||||||||||||||||||||||||||
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 33,202 | 32.77 | 1,087,970 | 1.17% | 8.82% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 40,015 | 30.11 | 1,204,943 | 1.60% | 12.10% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 45,519 | 26.86 | 1,222,782 | 1.37% | 25.15% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 46,112 | 21.46 | 989,761 | 1.40% | -19.11% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | 39,804 | 26.54 | 1,056,240 | 2.24% | 26.58% | ||||||||||||||||||||||||||||||||||||||||||
Putnam Variable Trust - Putnam VT Small Cap Value Fund: Class IB (PVTSCB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 55,525 | 27.20 | to | 26.63 | 1,483,580 | 0.70% | 39.76% | to | 39.55% | ||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 54,468 | 19.21 | to | 19.08 | 1,041,141 | 1.12% | 3.76% | to | 3.70% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 42,112 | 18.51 | to | 18.40 | 776,045 | 0.61% | 23.99% | to | 23.93% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 40,721 | 15.27 | to | 14.85 | 607,704 | 0.40% | -19.93% | to | -20.13% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 51,534 | 19.07 | to | 18.59 | 961,350 | 0.75% | 7.87% | to | 7.60% | ||||||||||||||||||||||||||||||||||||
Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 49,547 | 58.71 | to | 57.04 | 2,902,497 | 0.00% | 29.85% | to | 29.65% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 56,567 | 46.05 | to | 43.99 | 2,537,248 | 0.00% | 23.79% | to | 23.48% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 114,963 | 37.20 | to | 35.62 | 4,163,533 | 0.00% | 19.55% | to | 19.25% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 144,169 | 31.12 | to | 29.87 | 4,326,771 | 0.00% | -9.04% | to | -9.27% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 154,935 | 34.21 | to | 32.93 | 5,124,746 | 0.61% | 5.18% | to | 4.92% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio (TRBCGP) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 2,832,664 | 49.84 | to | 48.71 | 139,027,186 | 0.00% | 17.62% | to | 17.33% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 3,107,541 | 42.37 | to | 41.52 | 129,855,277 | 0.00% | 34.28% | to | 33.94% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 3,244,814 | 31.56 | to | 31.00 | 101,115,679 | 0.00% | 29.89% | to | 29.56% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 3,549,101 | 24.29 | to | 23.92 | 85,324,670 | 0.00% | 1.92% | to | 1.66% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 2,734,104 | 23.84 | to | 23.53 | 64,558,274 | 0.00% | 36.17% | to | 35.83% | ||||||||||||||||||||||||||||||||||||
T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 447,039 | 49.76 | to | 47.42 | 21,581,763 | 1.34% | 25.22% | to | 24.90% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 523,995 | 39.74 | to | 37.96 | 20,125,400 | 2.06% | 0.96% | to | 0.70% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 632,019 | 39.37 | to | 37.70 | 24,039,343 | 2.07% | 26.04% | to | 25.73% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 683,732 | 31.23 | to | 29.98 | 20,635,692 | 1.77% | -9.69% | to | -9.92% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 776,338 | 34.58 | to | 33.28 | 25,992,814 | 1.47% | 15.73% | to | 15.44% | ||||||||||||||||||||||||||||||||||||
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 213,874 | 74.54 | 15,942,854 | 0.00% | 12.83% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 244,003 | 66.07 | 16,120,573 | 0.00% | 29.27% | ||||||||||||||||||||||||||||||||||||||||||
2019 | 0.00% | 239,216 | 51.11 | 12,226,008 | 0.00% | 28.63% | ||||||||||||||||||||||||||||||||||||||||||
2018 | 0.00% | 283,769 | 39.73 | 11,275,030 | 0.00% | 0.86% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 592,826 | 39.40 | to | 38.42 | 23,105,468 | 0.00% | 27.31% | to | 26.99% | ||||||||||||||||||||||||||||||||||||
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio (TRLT1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 2,297,000 | 11.76 | to | 11.56 | 26,758,154 | 1.30% | 0.04% | to | -0.12% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,117,432 | 11.87 | to | 11.58 | 12,996,616 | 1.95% | 4.70% | to | 4.44% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 2,482,744 | 11.34 | to | 11.09 | 27,582,145 | 2.39% | 4.35% | to | 4.09% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 2,121,125 | 10.87 | to | 10.65 | 22,607,912 | 2.02% | 1.18% | to | 0.92% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,699,172 | 10.74 | to | 10.55 | 17,941,907 | 1.47% | 1.06% | to | 0.81% | ||||||||||||||||||||||||||||||||||||
T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 390,808 | 114.14 | to | 110.88 | 43,630,859 | 0.00% | 14.45% | to | 14.28% | ||||||||||||||||||||||||||||||||||||
2020 | 0.10% | to | 0.25% | 371,947 | 99.72 | to | 97.02 | 36,246,339 | 0.00% | 23.35% | to | 23.17% | ||||||||||||||||||||||||||||||||||||
2019 | 0.10% | to | 0.25% | 407,648 | 80.85 | to | 78.77 | 32,234,125 | 0.00% | 30.85% | to | 30.65% | ||||||||||||||||||||||||||||||||||||
2018 | 0.10% | to | 0.25% | 402,726 | 61.79 | to | 60.29 | 24,296,604 | 0.00% | -2.40% | to | -2.54% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 434,376 | 62.34 | to | 61.87 | 26,892,004 | 0.00% | 24.20% | to | 24.13% | ||||||||||||||||||||||||||||||||||||
T. Rowe Price Equity Series, Inc. - T. Rowe Price All-Cap Opportunities Portfolio (TRNAG1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 977,708 | 90.85 | to | 86.92 | 86,538,494 | 0.00% | 20.80% | to | 20.49% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 1,053,561 | 75.21 | to | 72.14 | 77,132,392 | 0.00% | 44.37% | to | 44.01% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 1,133,445 | 52.09 | to | 50.09 | 57,464,928 | 0.42% | 34.93% | to | 34.59% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 1,173,553 | 38.61 | to | 37.22 | 43,978,505 | 0.16% | 1.16% | to | 0.90% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 1,280,669 | 38.16 | to | 36.88 | 47,540,100 | 0.11% | 34.43% | to | 34.09% | ||||||||||||||||||||||||||||||||||||
T. Rowe Price Equity Series, Inc. - T. Rowe Price Moderate Allocation Portfolio (TRPSB1) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 315,297 | 29.27 | to | 28.18 | 9,074,608 | 0.97% | 10.06% | to | 9.79% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 357,259 | 26.59 | to | 25.67 | 9,307,068 | 1.34% | 14.54% | to | 14.25% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 398,214 | 23.22 | to | 22.47 | 9,060,881 | 1.93% | 19.80% | to | 19.50% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 480,068 | 19.38 | to | 18.80 | 9,041,888 | 2.10% | -5.08% | to | -5.32% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 258,877 | 20.42 | to | 19.86 | 5,154,799 | 1.47% | 17.41% | to | 17.12% | ||||||||||||||||||||||||||||||||||||
VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 156,898 | 49.45 | to | 59.66 | 8,416,338 | 0.94% | -11.87% | to | -12.09% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 190,708 | 56.11 | to | 67.86 | 11,533,978 | 2.02% | 17.25% | to | 16.96% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 217,323 | 47.86 | to | 58.02 | 11,270,070 | 0.48% | 30.60% | to | 30.27% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 244,574 | 36.65 | to | 44.54 | 9,731,215 | 0.29% | -23.49% | to | -23.68% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 256,411 | 47.89 | to | 58.36 | 13,060,213 | 0.39% | 51.03% | to | 50.66% | ||||||||||||||||||||||||||||||||||||
VanEck VIP Trust - Global Resources Fund: Initial Class (VWHA) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 464,856 | 36.19 | to | 41.31 | 19,077,021 | 0.44% | 18.92% | to | 18.62% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 479,161 | 30.43 | to | 34.82 | 16,292,094 | 0.93% | 19.11% | to | 18.81% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 539,484 | 25.55 | to | 29.31 | 15,250,927 | 0.00% | 11.87% | to | 11.59% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 785,577 | 22.84 | to | 26.26 | 20,077,057 | 0.00% | -28.28% | to | -28.46% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 860,088 | 31.84 | to | 36.71 | 30,644,694 | 0.00% | -1.70% | to | -1.94% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Balanced Portfolio (VVB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 663,170 | 32.40 | to | 31.28 | 21,187,425 | 1.58% | 19.02% | to | 18.72% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 522,971 | 27.22 | to | 26.35 | 13,867,162 | 2.63% | 10.68% | to | 10.40% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 496,895 | 24.01 | to | 23.87 | 11,921,228 | 2.60% | 22.24% | to | 22.18% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 502,080 | 19.64 | to | 19.54 | 9,854,999 | 2.31% | -3.60% | to | -3.65% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 526,651 | 20.38 | to | 20.28 | 10,724,851 | 2.25% | 14.49% | to | 14.43% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Capital Growth Portfolio (VVCG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | to | 0.25% | 888,352 | 25.17 | to | 24.92 | 22,327,421 | 0.90% | 21.42% | to | 21.24% | ||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 937,936 | 20.61 | to | 20.55 | 19,323,339 | 1.45% | 17.24% | to | 17.18% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 1,124,585 | 17.58 | to | 17.54 | 19,763,411 | 1.10% | 26.25% | to | 26.18% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 1,154,543 | 13.93 | to | 13.90 | 16,073,057 | 0.79% | -1.38% | to | -1.43% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 1,112,691 | 14.12 | to | 14.10 | 15,707,835 | 1.10% | 28.58% | to | 28.51% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Diversified Value Portfolio (VVDV) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 639,958 | 17.15 | to | 17.06 | 10,969,558 | 2.56% | -9.30% | to | -9.34% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 710,009 | 18.91 | to | 18.82 | 13,419,424 | 2.87% | 12.93% | to | 12.87% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 50,487 | 14.01 | 707,441 | 0.91% | 25.33% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 14,840 | 11.18 | 165,921 | 1.10% | 3.25% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 7,217 | 16.72 | 120,636 | 1.20% | 28.55% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 8,031 | 13.00 | 104,429 | 0.00% | 18.20% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Growth Portfolio (VVG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 17,371 | 17.99 | 312,566 | 0.02% | 17.86% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund-Global Bond Index Portfolio (VVGBI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 8,232 | 10.70 | 88,045 | 0.00% | -1.84% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 4,229,653 | 14.09 | to | 13.70 | 58,801,793 | 2.07% | -1.72% | to | -1.96% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 4,401,877 | 14.33 | to | 13.98 | 61,796,645 | 1.99% | 7.58% | to | 7.31% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 3,770,243 | 13.08 | to | 13.02 | 49,299,409 | 2.57% | 8.46% | to | 8.40% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 2,802,309 | 12.06 | to | 12.02 | 33,788,586 | 1.84% | -0.33% | to | -0.38% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 2,158,608 | 12.10 | to | 12.06 | 26,115,804 | 2.27% | 3.28% | to | 3.22% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - International Portfolio (VVI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 546,009 | 28.27 | to | 27.30 | 15,185,427 | 0.30% | -1.54% | to | -1.79% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 652,790 | 28.71 | to | 27.79 | 18,252,019 | 1.20% | 57.58% | to | 57.19% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 684,174 | 17.79 | to | 17.68 | 12,160,075 | 1.40% | 30.95% | to | 30.89% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 790,875 | 13.58 | to | 13.51 | 10,734,926 | 0.75% | -12.79% | to | -12.83% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 797,393 | 15.58 | to | 15.50 | 12,411,972 | 0.99% | 42.39% | to | 42.32% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 811,601 | 41.06 | to | 39.64 | 32,778,080 | 1.09% | 24.36% | to | 24.05% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 905,295 | 33.02 | to | 31.96 | 29,104,519 | 1.61% | 18.07% | to | 17.78% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 1,017,241 | 27.30 | to | 27.14 | 27,746,660 | 1.48% | 30.61% | to | 30.55% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 1,155,762 | 20.90 | to | 20.79 | 24,138,907 | 1.21% | -9.51% | to | -9.56% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 1,281,420 | 23.10 | to | 22.98 | 29,579,690 | 1.18% | 18.84% | to | 18.78% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Real Estate Index Portfolio (VVREI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 93,364 | 33.19 | to | 32.29 | 3,061,574 | 2.14% | 40.21% | to | 39.86% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 127,533 | 23.68 | to | 23.09 | 2,959,928 | 2.69% | -4.85% | to | -5.09% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 100,637 | 24.44 | to | 24.33 | 2,457,561 | 2.74% | 28.55% | to | 28.48% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 121,963 | 19.01 | to | 18.93 | 2,317,105 | 5.01% | -5.54% | to | -5.59% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 418,417 | 20.12 | to | 20.05 | 8,416,439 | 2.48% | 4.57% | to | 4.52% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Small Company Growth Portfolio (VVSCG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 216,823 | 39.89 | to | 38.95 | 8,552,346 | 0.38% | 14.22% | to | 13.93% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 248,618 | 34.93 | to | 34.19 | 8,532,316 | 0.67% | 23.18% | to | 22.88% | ||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 278,570 | 27.93 | to | 27.82 | 7,775,653 | 0.53% | 27.85% | to | 27.79% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 294,192 | 21.84 | to | 21.77 | 6,423,351 | 0.32% | -7.45% | to | -7.50% | ||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 233,629 | 23.60 | to | 23.54 | 5,512,048 | 0.45% | 23.22% | to | 23.16% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 8,815 | 15.00 | 132,235 | 0.89% | -0.45% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | 1,592 | 15.07 | 23,991 | 0.00% | 5.49% | ||||||||||||||||||||||||||||||||||||||||||
2017 | 0.20% | to | 0.25% | 351,131 | 13.11 | to | 13.05 | 4,600,829 | 1.83% | 1.89% | to | 1.84% | ||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund-Total International Stock Market Index Portfolio (VVTISI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 1,412,234 | 13.86 | to | 13.75 | 19,493,368 | 1.85% | 8.53% | to | 8.26% | ||||||||||||||||||||||||||||||||||||
2020 | 0.20% | to | 0.25% | 1,568,615 | 12.71 | to | 12.70 | 19,935,377 | 2.16% | 10.96% | to | 10.90% |
NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021
Contract Expense Rate* |
Units | Unit Fair Value |
Contract Owners Equity |
Investment Income Ratio** |
Total Return*** | |||||||||||||||||||||||||||||||||||||||||||
2019 | 0.20% | to | 0.25% | 1,386,663 | 11.46 | to | 11.45 | 15,883,704 | 1.95% | 21.31% | to | 21.25% | ||||||||||||||||||||||||||||||||||||
2018 | 0.20% | to | 0.25% | 1,102,651 | 9.44 | 10,412,288 | 0.00% | -5.57% | to | -5.58% | **** | |||||||||||||||||||||||||||||||||||||
Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | 10,594 | 16.57 | 175,593 | 0.00% | 25.64% | * | *** | ||||||||||||||||||||||||||||||||||||||||
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I (VRVDRI) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 278,623 | 15.80 | to | 15.70 | 4,386,615 | 1.15% | 46.87% | to | 46.50% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 239,764 | 10.76 | to | 10.71 | 2,573,424 | 1.46% | -1.33% | to | -1.58% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 89,155 | 10.90 | to | 10.89 | 970,992 | 2.55% | 9.04% | to | 8.86% | **** | |||||||||||||||||||||||||||||||||||
Allspring Variable Trust - VT Discovery Fund: Class 2 (SVDF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 586,509 | 48.55 | to | 46.85 | 28,174,829 | 0.00% | -5.04% | to | -5.28% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 644,734 | 51.13 | to | 49.46 | 32,612,947 | 0.00% | 62.65% | to | 62.24% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 647,369 | 31.44 | to | 30.49 | 20,125,583 | 0.00% | 39.02% | to | 38.67% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 683,178 | 22.61 | to | 21.98 | 15,285,492 | 0.00% | -7.06% | to | -7.30% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 685,998 | 24.33 | to | 23.71 | 16,520,847 | 0.00% | 29.13% | to | 28.81% | ||||||||||||||||||||||||||||||||||||
Allspring Variable Trust - VT Opportunity Fund: Class 2 (SVOF) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.10% | 163,407 | 59.31 | 9,692,259 | 0.04% | 24.65% | ||||||||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 182,183 | 48.58 | to | 46.13 | 8,449,644 | 0.44% | 21.00% | to | 20.70% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 201,520 | 40.14 | to | 38.22 | 7,744,811 | 0.28% | 31.46% | to | 31.14% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 197,765 | 30.54 | to | 29.14 | 5,775,436 | 0.19% | -7.15% | to | -7.38% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 219,564 | 32.89 | to | 31.47 | 6,924,848 | 0.67% | 20.44% | to | 20.14% | ||||||||||||||||||||||||||||||||||||
Allspring Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG) |
| |||||||||||||||||||||||||||||||||||||||||||||||
2021 | 0.00% | to | 0.25% | 256,359 | 46.81 | to | 45.17 | 11,759,945 | 0.00% | 7.64% | to | 7.37% | ||||||||||||||||||||||||||||||||||||
2020 | 0.00% | to | 0.25% | 237,092 | 43.48 | to | 42.07 | 10,128,757 | 0.00% | 57.78% | to | 57.39% | ||||||||||||||||||||||||||||||||||||
2019 | 0.00% | to | 0.25% | 251,278 | 27.56 | to | 26.73 | 6,799,161 | 0.00% | 24.83% | to | 24.52% | ||||||||||||||||||||||||||||||||||||
2018 | 0.00% | to | 0.25% | 312,243 | 22.08 | to | 21.46 | 6,789,362 | 0.00% | 1.31% | to | 1.06% | ||||||||||||||||||||||||||||||||||||
2017 | 0.00% | to | 0.25% | 270,319 | 21.79 | to | 21.24 | 5,797,136 | 0.00% | 25.86% | to | 25.54% |
* | This represents the range of annual contract expense rates 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 policyholder 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 range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. 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 was initially added and funded during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end. |
**** | Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented. |
NATIONWIDE LIFE INSURANCE COMPANY
FOR THE YEAR ENDED DECEMBER 31, 2021
Page | ||||
F-1 | ||||
Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus |
F-4 | |||
F-5 | ||||
F-6 | ||||
F-7 | ||||
F-8 | ||||
Schedule I Summary of Investments Other Than Investments in Related Parties |
F-48 | |||
F-49 | ||||
F-50 | ||||
F-51 |
Audit Committee of the Board of Directors Nationwide Life Insurance Company:
Opinions
We have audited the financial statements of Nationwide Life Insurance Company (the Company), which comprise the statutory statements of admitted assets, liabilities, capital and surplus as of December 31, 2021 and 2020, and the related statutory statements of operations and changes in capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2021, and the related notes to the statutory financial statements (financial statements).
Unmodified Opinion on Statutory Basis of Accounting
In our opinion, the accompanying financial statements present fairly, in all material respects, the admitted assets, liabilities, and capital and surplus of the Company as of December 31, 2021 and 2020, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2021, in accordance with the statutory accounting practices prescribed or permitted by the Ohio Department of Insurance (the Department) described in Note 2.
Adverse Opinion on U.S. Generally Accepted Accounting Principles
In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles section of our report, the financial statements do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of the Company as of December 31, 2021 and 2020, or the results of its operations or its cash flows for each of the years in the three-year period ended December 31, 2021.
Basis for Opinions
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles
As described in Note 2 of the financial statements, the financial statements are prepared by the Company using accounting practices prescribed or permitted by the Department, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles. The effects on the financial statements of the variances between the statutory accounting practices described in Note 2 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material and pervasive.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with statutory accounting practices prescribed or permitted by the Department. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Companys ability to continue as a going concern for one year after the date that the financial statements are available to be issued.
Auditors Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
● | Exercise professional judgment and maintain professional skepticism throughout the audit. |
● | Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. |
● | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control. Accordingly, no such opinion is expressed. |
● | Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. |
● | Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Companys ability to continue as a going concern for a reasonable period of time. |
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
F-2
Supplementary Information
Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary information Schedule I Summary of Investments Other Than Investments in Related Parties, Schedule III Supplementary Insurance Information, Schedule IV Reinsurance and Schedule V Valuation and Qualifying Accounts is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Securities and Exchange Commissions Regulation S-X. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.
/s/KPMG LLP
Columbus, Ohio
March 18, 2022
F-3
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus
December 31, | ||||||||
(in millions, except share amounts) | 2021 | 2020 | ||||||
Admitted assets |
||||||||
Invested assets |
||||||||
Bonds |
$ | 37,931 | $ | 37,207 | ||||
Stocks |
3,016 | 2,835 | ||||||
Mortgage loans, net of allowance |
8,185 | 7,783 | ||||||
Policy loans |
913 | 888 | ||||||
Derivative assets |
64 | 51 | ||||||
Cash, cash equivalents and short-term investments |
636 | 461 | ||||||
Securities lending collateral assets |
170 | 101 | ||||||
Other invested assets |
1,225 | 955 | ||||||
Total invested assets |
$ | 52,140 | $ | 50,281 | ||||
Accrued investment income |
577 | 692 | ||||||
Deferred federal income tax assets, net |
618 | 642 | ||||||
Other assets |
125 | 195 | ||||||
Separate account assets |
125,372 | 114,407 | ||||||
Total admitted assets |
$ | 178,832 | $ | 166,217 | ||||
Liabilities, capital and surplus |
||||||||
Liabilities |
||||||||
Future policy benefits and claims |
$ | 42,499 | $ | 41,002 | ||||
Policyholders dividend accumulation |
414 | 430 | ||||||
Asset valuation reserve |
610 | 466 | ||||||
Interest maintenance reserve |
17 | - | ||||||
Current federal income taxes payable |
161 | - | ||||||
Payable for securities |
113 | 177 | ||||||
Derivative liabilities |
31 | 87 | ||||||
Securities lending payable |
171 | 101 | ||||||
Funds held under coinsurance |
1,052 | 965 | ||||||
Other liabilities |
922 | 967 | ||||||
Accrued transfers from separate accounts |
(1,621 | ) | (1,490 | ) | ||||
Separate account liabilities |
125,372 | 114,407 | ||||||
Total liabilities |
$ | 169,741 | $ | 157,112 | ||||
Capital and surplus |
||||||||
Capital shares ($1 par value; authorized - 5,000,000 shares,issued and outstanding - 3,814,779 shares) |
$ | 4 | $ | 4 | ||||
Surplus notes |
1,100 | 1,100 | ||||||
Additional paid-in capital |
1,998 | 1,998 | ||||||
Unassigned surplus |
5,989 | 6,003 | ||||||
Total capital and surplus |
$ | 9,091 | $ | 9,105 | ||||
Total liabilities, capital and surplus |
$ | 178,832 | $ | 166,217 |
See accompanying notes to statutory financial statements.
F-4
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Statutory Statements of Operations
Year ended December 31, | ||||||||||||
(in millions) | 2021 | 2020 | 2019 | |||||||||
Revenues |
||||||||||||
Premiums and annuity considerations |
$ | 12,664 | $ | 10,637 | $ | 10,168 | ||||||
Net investment income |
2,231 | 2,107 | 1,974 | |||||||||
Amortization of interest maintenance reserve |
(8 | ) | - | (2 | ) | |||||||
Other revenues |
2,463 | 2,372 | 2,312 | |||||||||
Total revenues |
$ | 17,350 | $ | 15,116 | $ | 14,452 | ||||||
Benefits and expenses |
||||||||||||
Benefits to policyholders and beneficiaries |
$ | 16,884 | $ | 15,013 | $ | 14,782 | ||||||
Increase in reserves for future policy benefits and claims |
807 | 1,627 | 1,501 | |||||||||
Net transfers from separate accounts |
(3,002 | ) | (3,544 | ) | (3,747 | ) | ||||||
Commissions |
858 | 646 | 674 | |||||||||
Dividends to policyholders |
30 | 36 | 38 | |||||||||
Reserve adjustment on reinsurance assumed |
(151 | ) | (172 | ) | (246 | ) | ||||||
Other expenses |
439 | 444 | 417 | |||||||||
Total benefits and expenses |
$ | 15,865 | $ | 14,050 | $ | 13,419 | ||||||
Income before federal income tax expense and net realized capital losses on investments |
$ | 1,485 | $ | 1,066 | $ | 1,033 | ||||||
Federal income tax (benefit) expense |
(9 | ) | 4 | (73 | ) | |||||||
Income before net realized capital losses on investments |
$ | 1,494 | $ | 1,062 | $ | 1,106 | ||||||
Net realized capital (losses) on investments, net of federal income tax expense (benefit) of $59, $(26) and $7 in 2021, 2020 and 2019, respectively, and excluding $15, $(4) and $0 of net realized capital gains (losses) transferred to the interest maintenance reserve in 2021, 2020 and 2019, respectively |
(683 | ) | (575 | ) | (477 | ) | ||||||
Net income |
$ | 811 | $ | 487 | $ | 629 |
See accompanying notes to statutory financial statements.
F-5
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Statutory Statements of Changes in Capital and Surplus
(in millions) | Capital shares | Surplus notes |
Additional paid-in capital |
Unassigned surplus |
Capital and surplus |
|||||||||||||||
Balance as of December 31, 2018 |
$ | 4 | $ | 700 | $ | 1,398 | $ | 4,743 | $ | 6,845 | ||||||||||
Net income |
- | - | - | 629 | 629 | |||||||||||||||
Change in asset valuation reserve |
- | - | - | (107 | ) | (107 | ) | |||||||||||||
Change in deferred income taxes |
- | - | - | (29 | ) | (29 | ) | |||||||||||||
Change in net unrealized capital gains and losses, net of tax (benefit) of $(29) |
- | - | - | 426 | 426 | |||||||||||||||
Change in nonadmitted assets |
- | - | - | 59 | 59 | |||||||||||||||
Change in surplus notes |
- | 400 | - | - | 400 | |||||||||||||||
Capital contribution from Nationwide Financial Services, Inc. |
- | - | 600 | - | 600 | |||||||||||||||
Other, net |
- | - | - | (1 | ) | (1 | ) | |||||||||||||
Balance as of December 31, 2019 |
$ | 4 | $ | 1,100 | $ | 1,998 | $ | 5,720 | $ | 8,822 | ||||||||||
Change in reserve on account of change in valuation basis |
- | - | - | 78 | 78 | |||||||||||||||
Cumulative effect of change in accounting principle |
- | - | - | 5 | 5 | |||||||||||||||
Balance as of January 1, 2020 |
$ | 4 | $ | 1,100 | $ | 1,998 | $ | 5,803 | $ | 8,905 | ||||||||||
Net income |
- | - | - | 487 | 487 | |||||||||||||||
Change in asset valuation reserve |
- | - | - | 13 | 13 | |||||||||||||||
Change in deferred income taxes |
- | - | - | 41 | 41 | |||||||||||||||
Change in net unrealized capital gains and losses, net of tax (benefit) of $(3) |
- | - | - | (313 | ) | (313 | ) | |||||||||||||
Change in nonadmitted assets |
- | - | - | (21 | ) | (21 | ) | |||||||||||||
Other, net |
- | - | - | (7 | ) | (7 | ) | |||||||||||||
Balance as of December 31, 2020 |
$ | 4 | $ | 1,100 | $ | 1,998 | $ | 6,003 | $ | 9,105 | ||||||||||
Change in reserve on account of change in valuation basis |
- | - | - | 2 | 2 | |||||||||||||||
Cumulative effect of change in accounting principle |
- | - | - | 6 | 6 | |||||||||||||||
Balance as of January 1, 2021 |
$ | 4 | $ | 1,100 | $ | 1,998 | $ | 6,011 | $ | 9,113 | ||||||||||
Net income |
- | - | - | 811 | 811 | |||||||||||||||
Change in asset valuation reserve |
- | - | - | (144 | ) | (144 | ) | |||||||||||||
Change in deferred income taxes |
- | - | - | 50 | 50 | |||||||||||||||
Change in net unrealized capital gains and losses, net of tax expense of $30 |
- | - | - | (142 | ) | (142 | ) | |||||||||||||
Change in nonadmitted assets |
- | - | - | (47 | ) | (47 | ) | |||||||||||||
Dividends paid to Nationwide |
||||||||||||||||||||
Financial Services, Inc. |
- | - | - | (550 | ) | (550 | ) | |||||||||||||
Balance as of December 31, 2021 |
$ | 4 | $ | 1,100 | $ | 1,998 | $ | 5,989 | $ | 9,091 |
See accompanying notes to statutory financial statements.
F-6
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Statutory Statements of Cash Flow
Years ended December 31, | ||||||||||||
(in millions) | 2021 | 2020 | 2019 | |||||||||
Cash flows from operating activities: |
||||||||||||
Premiums collected, net of reinsurance |
$ | 12,661 | $ | 10,648 | $ | 10,184 | ||||||
Net investment income |
2,404 | 2,034 | 1,825 | |||||||||
Other revenue |
2,367 | 2,664 | 2,708 | |||||||||
Policy benefits and claims paid |
(16,735 | ) | (14,886 | ) | (14,778 | ) | ||||||
Commissions, operating expenses and taxes, other than federal income tax paid |
(1,122 | ) | (885 | ) | (847 | ) | ||||||
Net transfers from separate accounts |
2,871 | 3,620 | 3,805 | |||||||||
Policyholders dividends paid |
(36 | ) | (38 | ) | (40 | ) | ||||||
Federal income taxes recovered |
121 | 121 | 87 | |||||||||
Net cash provided by operating activities |
$ | 2,531 | $ | 3,278 | $ | 2,944 | ||||||
Cash flows from investing activities: |
||||||||||||
Proceeds from investments sold, matured or repaid: |
||||||||||||
Bonds |
$ | 6,953 | $ | 3,404 | $ | 3,547 | ||||||
Stocks |
127 | 37 | 58 | |||||||||
Mortgage loans |
1,053 | 640 | 910 | |||||||||
Other assets |
279 | 905 | 385 | |||||||||
Total investment proceeds |
$ | 8,412 | $ | 4,986 | $ | 4,900 | ||||||
Cost of investments acquired: |
||||||||||||
Bonds |
$ | (7,744 | ) | $ | (5,527 | ) | $ | (6,327 | ) | |||
Stocks |
(538 | ) | (517 | ) | (454 | ) | ||||||
Mortgage loans |
(1,441 | ) | (769 | ) | (800 | ) | ||||||
Derivative assets |
(589 | ) | (580 | ) | (687 | ) | ||||||
Other assets |
(594 | ) | (837 | ) | (340 | ) | ||||||
Total investments acquired |
$ | (10,906 | ) | $ | (8,230 | ) | $ | (8,608 | ) | |||
Net (increase) decrease in policy loans |
(25 | ) | 15 | 2 | ||||||||
Net cash used in investing activities |
$ | (2,519 | ) | $ | (3,229 | ) | $ | (3,706 | ) | |||
Cash flows from financing activities and miscellaneous sources: |
||||||||||||
Surplus notes |
$ | - | $ | - | $ | 400 | ||||||
Capital contribution from Nationwide Financial Services, Inc. |
- | - | 600 | |||||||||
Dividend paid to Nationwide Financials Services, Inc. |
(550 | ) | - | - | ||||||||
Net change in deposits on deposit-type contract funds and other insurance liabilities |
517 | 160 | (714 | ) | ||||||||
Net change in short-term debt |
- | (200 | ) | (162 | ) | |||||||
Derivative liabilities |
(56 | ) | 65 | 2 | ||||||||
Other cash provided (used) |
252 | (169 | ) | 93 | ||||||||
Net cash provided by (used in) financing activities and miscellaneous |
$ | 163 | $ | (144 | ) | $ | 219 | |||||
Net increase (decrease) in cash, cash equivalents and short-term investments |
$ | 175 | $ | (95 | ) | $ | (543 | ) | ||||
Cash, cash equivalents and short-term investments at beginning of year |
461 | 556 | 1,099 | |||||||||
Cash, cash equivalents and short-term investments at end of year |
$ | 636 | $ | 461 | $ | 556 | ||||||
Supplemental disclosure of non-cash activities: |
||||||||||||
Exchange of bond investments |
$ | 277 | $ | 799 | $ | 592 |
See accompanying notes to statutory financial statements.
F-7
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(1) | Nature of Operations |
Nationwide Life Insurance Company (NLIC or 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, 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 wide range of products and services, which include fixed and variable individual annuities, private and public sector group retirement plans, life insurance, investment advisory services and other investment products. The Company is licensed to conduct business in all fifty states, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands.
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, wirehouses and regional firms, pension plan administrators, life insurance agencies, life insurance specialists and registered investment advisors. Representatives of affiliates who market products directly to a customer base include Nationwide Retirement Solutions, Inc. and Nationwide Financial Network producers, which includes the agency distribution force of the Companys ultimate parent company, NMIC. NMIC completed the transition away from utilizing the exclusive agent model in 2020. The Company believes its broad range of competitive products, strong distributor relationships and diverse distribution network position it to compete effectively under various economic conditions.
Wholly-owned subsidiaries of NLIC as of December 31, 2021 include Nationwide Life and Annuity Insurance Company (NLAIC) and its wholly-owned subsidiaries, Olentangy Reinsurance, LLC (Olentangy) and Nationwide SBL, LLC (NWSBL), Jefferson National Financial Corporation (JNF) and its wholly-owned subsidiaries, Jefferson National Securities Corporation (JNSC) and Jefferson National Life Insurance Company (JNLIC), and its wholly-owned subsidiary, Jefferson National Life Insurance Company of New York (JNLNY), Eagle Captive Reinsurance, LLC (Eagle), Nationwide Investment Services Corporation (NISC) and Nationwide Investment Advisors, LLC (NIA). NLAIC primarily offers individual annuity contracts including fixed annuity contracts, group annuity contracts including pension risk transfer contacts, universal life insurance, variable universal life insurance, term life insurance and corporate-owned life insurance on a non-participating basis. Olentangy is a Vermont domiciled special purpose financial insurance company. NWSBL offers a securities-based lending product and is an Ohio limited liability company and nonadmitted subsidiary. JNF is a distributor of tax-advantaged investing solutions for registered investment advisors, fee-based advisors and the clients they serve. JNSC is a registered broker-dealer. JNLIC and JNLNY are licensed to underwrite both fixed and variable annuity products. Eagle is an Ohio domiciled special purpose financial captive insurance company. NISC is a registered broker-dealer. NIA is a registered investment advisor.
The Company is subject to regulation by the insurance departments of states in which it is domiciled and/or transacts business and undergoes periodic examinations by those departments.
As of December 31, 2021 and 2020, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region. Also, the Company did not have a concentration of business transactions with a particular customer, lender, distribution source, market or geographic region in which a single event could cause a severe impact on the Companys financial position after considering insurance risk that has been transferred to external reinsurers.
(2) | Summary of Significant Accounting Policies |
Use of Estimates
The preparation of the statutory financial statements requires the Company to make estimates and assumptions that affect the amounts reported in the statutory financial statements and accompanying notes. Significant estimates include certain investment and derivative valuations and future policy benefits and claims. Actual results could differ significantly from those estimates.
Basis of Presentation
The statutory financial statements of the Company are presented on the basis of accounting practices prescribed or permitted by the Ohio Department of Insurance (the Department). Prescribed statutory accounting practices are those practices incorporated directly or by reference in state laws, regulations and general administrative rules applicable to all insurance enterprises domiciled in a particular state. Permitted statutory accounting practices include practices not prescribed by the domiciliary state but allowed by the domiciliary state regulatory authority.
F-8
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Effective January 1, 2021, NLIC and NLAIC elected to apply a prescribed practice promulgated under Ohio Administrative Code Section 3901-1-67 (OAC 3901-1-67) to its derivative instruments hedging indexed products and indexed annuity reserve liabilities in order to better align the measurement of indexed product reserves and the derivatives that hedge them. Under OAC 3901-1-67, derivative instruments are carried at amortized cost with the initial hedge cost amortized over the term and asset payoffs realized at the end of the term being reported through net investment income, rather than the derivative instruments being carried at fair value with asset payoffs realized over the term through net realized capital gains and losses. Additionally, the cash surrender value reserves for indexed annuity products only reflect index interest credits at the end of the crediting term as compared to partial index interest credits accumulating throughout the crediting term in increase in reserves for future policy benefits and claims.
The Companys subsidiary, Eagle, applies one prescribed practice with multiple applications as provided under the State of Ohios captive law, which values assumed guaranteed minimum death benefits (GMDB) and guaranteed lifetime withdrawal benefits (GLWB) risks on variable annuity contracts from NLIC and GLWB risks on fixed indexed annuity contracts from NLIC and NLAIC using an alternative reserving basis from the Statutory Accounting Principles detailed within the National Association of Insurance Commissioners (NAIC) Accounting Practices and Procedures manual (NAIC SAP) pursuant to Ohio Revised Code Chapter 3964 and approved by the Department.
Olentangy was granted a permitted practice from the State of Vermont allowing Olentangy to carry the assets placed into a trust account by Union Hamilton Reinsurance Ltd. (UHRL) on its statutory statements of admitted assets, liabilities and surplus at net admitted asset value for certain universal life and term life insurance policies.
If the prescribed or permitted practices were not applied, the Companys risk-based capital would continue to be above regulatory action levels. A reconciliation of the Companys net income between NAIC SAP and prescribed and permitted practices is shown below:
(in millions) | SSAP # |
F/S Page | State of domicile |
December 31, | ||||||||||||||||||||
2021 | 2020 | 2019 | ||||||||||||||||||||||
|
||||||||||||||||||||||||
Net Income |
|
|||||||||||||||||||||||
Statutory Net Income |
OH | $ | 811 | $ | 487 | $ | 629 | |||||||||||||||||
State Prescribed Practice: |
||||||||||||||||||||||||
OAC 3901-1-67: |
||||||||||||||||||||||||
Derivative instruments |
86 | 4 | OH | 9 | - | - | ||||||||||||||||||
Reserves for indexed annuities |
51 | 4 | OH | (20 | ) | - | - | |||||||||||||||||
Tax impact |
101 | 4 | OH | 3 | - | - | ||||||||||||||||||
|
||||||||||||||||||||||||
NAIC SAP |
$ | 803 | $ | 487 | $ | 629 | ||||||||||||||||||
|
A reconciliation of the Companys capital and surplus between NAIC SAP and prescribed and permitted practices is shown below:
(in millions) | SSAP # |
F/S Page | State of domicile |
As of December 31, |
||||||||||||||||
2021 | 2020 | |||||||||||||||||||
Surplus |
||||||||||||||||||||
Statutory Capital and Surplus |
OH | $ | 9,091 | $ | 9,105 | |||||||||||||||
State Prescribed Practice: |
||||||||||||||||||||
Subsidiary valuation - Eagle: NLIC risks ceded |
51 | 2 | OH | 791 | 711 | |||||||||||||||
Subsidiary valuation - Eagle: NLAIC risks ceded |
51 | 2 | OH | (810 | ) | (523 | ) | |||||||||||||
OAC 3901-1-67: |
||||||||||||||||||||
Derivative instruments |
86 | 2,4 | OH | 13 | - | |||||||||||||||
Reserves for indexed annuities |
51 | 3,4 | OH | (22 | ) | - | ||||||||||||||
Tax impact |
101 | 2,4 | OH | 2 | - | |||||||||||||||
Subsidiary Valuation - NLAIC |
51,86,101 | 2 | OH | 274 | - | |||||||||||||||
State Permitted Practice: |
||||||||||||||||||||
Subsidiary valuation - Olentangy |
20 | 2 | VT | (67 | ) | (67 | ) | |||||||||||||
NAIC SAP |
$ | 9,272 | $ | 9,226 | ||||||||||||||||
Statutory accounting practices vary in some respects from U.S. generally accepted accounting principles (GAAP), including the following practices:
F-9
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Financial Statements
● | Statutory financial statements are prepared using language and groupings substantially the same as the annual statements of the Company filed with the NAIC and state regulatory authorities; |
● | assets must be included in the statutory statements of admitted assets, liabilities, capital and surplus at net admitted asset value and nonadmitted assets are excluded through a charge to capital and surplus; |
● | an asset valuation reserve (AVR) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and changes in the AVR are reported directly in capital and surplus; |
● | an interest maintenance reserve (IMR) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and the amortization of the IMR is reported as revenue; |
● | the expense allowance associated with statutory reserving practices for investment contracts held in the separate accounts is reported in the general account as a negative liability; |
● | accounting for contingencies requires recording a liability at the midpoint of a range of estimated possible outcomes when no better estimate in the range exists; |
● | surplus notes are accounted for as a component of capital and surplus; |
● | costs related to successful policy acquisitions are charged to operations in the year incurred; |
● | negative cash balances are reported as negative assets; |
● | certain income and expense items are charged or credited directly to capital and surplus; |
● | amounts on deposit in internal qualified cash pools are reported as cash equivalents; |
● | the statutory statements of cash flows are presented on the basis prescribed by the NAIC; and |
● | the statutory financial statements do not include accumulated other comprehensive income. |
Future Policy Benefits and Claims
● | Deposits to universal life contracts, investment contracts and limited payment contracts are included in revenue; and |
● | future policy benefit reserves are based on statutory requirements. |
Reinsurance Ceded
● | Certain assets and liabilities are reported net of ceded reinsurance balances; and |
● | provision is made for amounts receivable and outstanding for more than 90 days through a charge to capital and surplus. |
Investments
● | Investments in bonds are generally stated at amortized cost, except those with an NAIC designation of 6, which are stated at the lower of amortized cost or fair value; |
● | investments in preferred stocks are generally stated at amortized cost, except those with an NAIC designation of 4 through 6, which are stated at the lower of amortized cost or fair value; |
● | other-than-temporary impairments on bonds, excluding loan-backed and structured securities, are measured based on fair value and are not reversible; |
● | the proportional amortized cost method is utilized to determine the liquidation value of Low-Income Housing Tax Credit Funds (Tax Credit Funds); |
● | admitted subsidiary, controlled and affiliated entities are not consolidated; rather, those investments are generally carried at audited statutory capital and surplus or GAAP equity, as appropriate, and are recorded as an equity investment in stocks or other invested assets; |
● | equity in earnings of subsidiary companies is recognized directly in capital and surplus as net unrealized capital gains or losses, while dividends from unconsolidated companies are recorded in operations as net investment income; |
F-10
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
● | undistributed earnings and valuation adjustments from investments in joint ventures, partnerships and limited liability companies are recognized directly in capital and surplus as net unrealized capital gains or losses; |
● | changes in non-specific mortgage loan reserves are measured under an incurred loss model and are recorded directly in capital and surplus as net unrealized capital gains or losses; and |
● | gains on sales of investments between affiliated companies representing economic transactions are deferred at the parent level until the related assets are paid down or an external sale occurs. |
Separate Accounts
● | Assets and liabilities of guaranteed separate accounts are reported as separate account assets and separate account liabilities, respectively. |
Derivative Instruments
● | Derivatives used in effective hedging transactions are valued in a manner consistent with the hedged asset or liability; |
● | With the exception of derivatives applying the prescribed practice under OAC 3901-1-67, unrealized gains and losses on derivatives that are not considered to be effective hedges are charged to capital and surplus; |
● | interest earned on derivatives is charged to net investment income; and |
● | embedded derivatives are not separated from the host contract and accounted for separately as a derivative instrument. |
Goodwill
● | Goodwill is limited to 10% of the prior reporting periods adjusted statutory surplus, with any goodwill in excess of this limitation nonadmitted through a charge to surplus; and |
● | goodwill is amortized and charged to surplus. |
Federal Income Taxes
● | Changes in deferred federal income taxes are recognized directly in capital and surplus with limitations on the amount of deferred tax assets that can be reflected as an admitted asset (15% of capital and surplus); and |
● | uncertain tax positions are subject to a more likely than not standard for federal and foreign income tax loss contingencies only. |
Nonadmitted Assets
● | In addition to the nonadmitted assets described above, certain other assets are nonadmitted and charged directly to capital and surplus. These include prepaid assets, certain software, disallowed IMR and other receivables outstanding for more than 90 days. |
The financial information included herein is prepared and presented in accordance with SAP prescribed or permitted by the Department. Certain differences exist between SAP and GAAP, which are presumed to be material.
Revenues and Benefits
Life insurance premiums are recognized as revenue over the premium paying period of the related policies when due. Annuity considerations are recognized as revenue when received. Health insurance premiums are earned ratably over the terms of the related insurance and reinsurance contracts or policies. Policy benefits and claims that are expensed include interest credited to policy account balances, benefits and claims incurred in the period in excess of related policy reserves and other changes in future policy benefits.
Future Policy Benefits and Claims
Future policy benefits for traditional products are based on statutory mortality and interest requirements without consideration of withdrawals. The principal statutory mortality tables and interest assumptions used on policies in force are the 1958 Commissioners Standard Ordinary (CSO) table at interest rates of 2.5%, 3.0%, 3.5%, 4.0% and 4.5%, the 1941 CSO table at an interest rate of 2.5%, the 1980 CSO table at interest rates of 4.0%, 4.5%, 5.0% and 5.5%, the 2001 CSO table at an interest rate of 4.0% and 3.5% and the 2017 CSO table at an interest rate of 3.5% and 4.5%. Beginning January 1, 2020, the Company has applied principles-based reserving to all new individual life business. For business subject to principles-based reserving, additional reserves may be held where the deterministic and/or stochastic reserves are in excess of net premium reserves, as defined by Valuation Manual 20, Requirements for Principle-Based Reserves for Life Products (VM-20).
F-11
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Future policy benefits for universal life and variable universal life contracts have been calculated based on participants contributions plus interest credited on any funds in the fixed account less applicable contract charges. These policies have been adjusted for possible future surrender charges in accordance with the Commissioners Reserve Valuation Method (CRVM). For business subject to principles-based reserving, the Company has calculated reserves under VM-20.
Future policy benefits for annuity products have been established based on contract term, interest rates and various contract provisions. Individual deferred annuity contracts issued in 1990 and after have been adjusted for possible future surrender charges in accordance with the Commissioners Annuity Reserve Valuation Method (CARVM).
Future policy benefits for pension risk transfer (PRT) products have been established in accordance with the CARVM. Statutory reserves for PRT business written during or after 2020 are calculated as the present value of future benefit payments, using the prescribed 1994 Group Annuity Mortality (GAM) table along with the AA projection mortality improvement scale and prescribed valuation rates as specified in Chapter 22 of the Valuation Manual. For the PRT business written before 2020, the statutory reserves are calculated using prescribed GAM tables and valuation interest rates that vary by issue year, as specified in the Standard Valuation Law.
As of 2019, the Company calculated its reserves for variable annuity products with guaranteed minimum death, accumulation and withdrawal benefits and other contracts involving guaranteed benefits similar to those offered with variable annuities under the standard scenario of Actuarial Guideline XLIII CARVM for Variable Annuities, which exceeded the stochastic 70th percentile Conditional Tail Expectations scenario. Effective January 1, 2020, the Company changed its reserve valuation basis for variable annuities due to changes to Valuation Manual 21, Requirements for Principle-Based Reserves for Variable Annuities (VM-21) and as a result, the Company calculated its reserves using a stochastic reserve, which is floored at the cash surrender value.
The aggregate reserves for individual accident and health policies consist of active life reserves, disabled life reserves and unearned premium reserves. The active life reserves for disability income are reserved for on the net level basis, at a 3.0% interest rate, using either the 1964 Commissioners Disability Table (for policies issued prior to 1982) or the 1985 Commissioners Individual Disability Table A (for policies issued after 1981). The active life reserves for major medical insurance (both scheduled and unscheduled benefits) are based on the benefit ratio method for policies issued after 1981.
The active life reserves for accident and health policies are reserved for on the net level basis, at a 3.0% interest rate, using either the 1956 Inter-Company Hospital-Surgical tables, the 1974 Medical Expense tables or the 1959 Accidental Death Benefits table.
The disabled life reserves for accident and health policies are calculated using the 1985 Commissioners Individual Disability Table A at a 3.0% interest rate. Unearned premium reserves are based on the actual gross premiums and actual days.
The aggregate reserves for group accident and health and franchise accident and health policies consist of disabled life reserves and unearned premium reserves. Reserves for benefits payable on disabled life claims are based on the 2012 Group Long-Term Disability Valuation Table, at varying interest rates of 2.75% - 6.0%, for group policies and the 1987 Commissioners Group Disability Table, at varying interest rates of 2.75% - 10.25%, for franchise policies.
Future policy benefits and claims for group long-term disability policies are the present value (discounted between 2.75% and 6.00%) of amounts not yet due on reported claims and an estimate of amounts to be paid on incurred but unreported claims. Future policy benefits and claims on other group health policies are not discounted.
The Company issues fixed and floating rate funding agreements to the Federal Home Loan Bank of Cincinnati (FHLB). The liabilities for such funding agreements are treated as annuities under Ohio law for life insurance companies and recorded in future policy benefits and claims. Refer to Note 9 for additional details.
Separate Accounts
Separate account assets represent contractholders funds that have been legally segregated into accounts with specific investment objectives. Separate account assets are primarily recorded at fair value, with the value of separate account liabilities set to equal the fair value of separate account assets. Separate account assets are primarily comprised of public, privately-registered and non-registered mutual funds, whose fair value is primarily based on the funds net asset value. Other separate account assets are recorded at fair value based on the methodology that is applicable to the underlying assets. In limited circumstances, other separate account assets are recorded at book value when the policyholder does not participate in the underlying portfolio experience.
F-12
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Separate account liabilities, in conjunction with accrued transfers from separate accounts, represent contractholders funds adjusted for possible future surrender charges in accordance with the CARVM and the CRVM, respectively. The difference between full account value and CARVM/CRVM is reflected in accrued transfers to separate accounts, as prescribed by the NAIC, in the statutory statements of admitted assets, liabilities, capital and surplus. The annual change in the difference between full account value and CARVM/CRVM and its applicable federal income tax is reflected in the statutory statements of operations as part of the net transfers to separate accounts and federal income tax, respectively.
Retained Assets
The Company does not retain beneficiary assets. During a death benefit claim, the death benefit settlement method is payment to the beneficiary in the form of a check or electronic funds transfer.
Investments
Bonds and stocks of unaffiliated companies. Bonds are generally stated at amortized cost, except those with an NAIC designation of 6, which are stated at the lower of amortized cost or fair value. Preferred stocks are generally stated at amortized cost, except those with an NAIC designation of 4 through 6, which are stated at the lower of amortized cost or fair value. Common stocks are stated at fair value. Changes in the fair value of bonds and stocks stated at fair value are charged to capital and surplus.
Loan-backed and structured securities, which are included in bonds in the statutory financial statements, are stated in a manner consistent with the bond guidelines, but with additional consideration given to the special valuation rules implemented by the NAIC applicable to residential mortgage-backed securities that are not backed by U.S. government agencies, commercial mortgage-backed securities and certain other structured securities. Under these guidelines, an initial and adjusted NAIC designation is determined for each security. The initial NAIC designation, which takes into consideration the securitys amortized cost relative to an NAIC-prescribed valuation matrix, is used to determine the reporting basis (i.e., amortized cost or lower of amortized cost or fair value).
Interest income is recognized when earned, while dividends are recognized when declared. The Company nonadmits investment income due and accrued when amounts are over 90 days past due.
For investments in loan-backed and structured securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method based on prepayment assumptions, generally obtained using a model provided by a third-party vendor, 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.
Purchases and sales of bonds and stocks are recorded on the trade date, with the exception of private placement bonds, which are recorded on the funding date. Realized gains and losses are determined on a specific identification method on the trade date.
Independent pricing services are most often utilized, and compared to pricing from additional sources when available, to determine the fair value of bonds and stocks for which market quotations or quotations on comparable securities or models are used. For these bonds and stocks, the Company obtains the pricing services methodologies and classifies the investments accordingly in the fair value hierarchy.
A corporate pricing matrix is used in valuing certain corporate bonds. The corporate pricing matrix was developed using publicly available spreads for certain privately-placed corporate bonds with varying weighted average lives and credit quality ratings. The weighted average life and credit quality rating of a particular bond 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 bond. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular bond.
Non-binding broker quotes are also utilized to determine the fair value of certain bonds when deemed appropriate or when valuations are not available from independent pricing services or a corporate pricing matrix. These bonds 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.
F-13
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
For all bonds, the Company considers its ability and intent to hold the security for a period of time sufficient to allow for the anticipated recovery in value, the expected recovery of principal and interest and the extent to which the fair value has been less than amortized cost. If the decline in fair value to below amortized cost is determined to be other-than-temporary, a realized loss is recorded equal to the difference between the amortized cost of the investment and its fair value.
The Company periodically reviews loan-backed and structured securities in an unrealized loss position by comparing the present value of cash flows, including estimated prepayments, expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected, discounted at the securitys effective interest rate, is less than the amortized cost basis of the security, the impairment is considered other-than-temporary and a realized loss is recorded.
All other bonds in an unrealized loss position are periodically reviewed to determine if a decline in fair value to below amortized cost is other-than-temporary. Factors considered during this review include timing and amount of expected cash flows, ability of the issuer to meet its obligations, financial condition and future prospects of the issuer, amount and quality of any underlying collateral and current economic and industry conditions that may impact an issuer.
Stocks may experience other-than-temporary impairment based on the prospects for full recovery in value in a reasonable period of time and the Companys ability and intent to hold the stock to recovery. If a stock is determined to be other-than-temporarily impaired, a realized loss is recorded equal to the difference between the cost basis of the investment and its fair value.
Investments in subsidiaries. The investment in the Companys wholly-owned insurance subsidiaries, NLAIC and Eagle, are carried using the equity method of accounting applicable to U.S. insurance subsidiary, controlled and affiliated (SCA) entities. This requires the investment to be recorded based on the value of its underlying audited statutory surplus. Furthermore, the equity method of accounting would be discontinued if the investment is reduced to zero, unless the Company has guaranteed obligations of the subsidiary or otherwise committed to provide further financial support. In accordance with the look through provisions of Statements of Statutory Accounting Principles (SSAP) No. 97, Investments in Subsidiary, Controlled and Affiliated Entities, the valuation of JNF, an unaudited downstream noninsurance holding company, is based on the individual audited SCA entities owned by the holding company. Additionally, all non-affiliated liabilities, commitments, contingencies, guarantees or obligations of the holding company are reflected in the determination of the carrying value of the investments. The Companys investment in NISC and NIA, wholly-owned non-insurance subsidiaries, are carried using the equity method of accounting applicable to U.S. non-insurance subsidiary, controlled and affiliated entities. This requires the investment to be recorded based on its underlying audited GAAP equity. Investments in NLAIC, JNF and NISC are included in stocks, and the investment in Eagle is included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus.
Mortgage loans, net of allowance. The Company holds commercial mortgage loans that are collateralized by properties throughout the U.S. Mortgage loans are held at unpaid principal balance adjusted for premiums and discounts, less a valuation allowance. The Company also holds commercial mortgage loans of these property types that are under development. Mortgage loans under development are collateralized by the borrowers common stock.
As part of the underwriting process, specific guidelines are followed to ensure the initial quality of a new mortgage loan. Third-party appraisals are obtained to support loaned amounts as the loans are collateral dependent or guaranteed.
The collectability and value of a mortgage loan is based on the ability of the borrower to repay and/or the value of the underlying collateral. Many of the Companys 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. Loans are considered delinquent when contractual payments are 90 days past due.
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 the fair value of the collateral less costs to sell. Loan-specific reserve charges are recorded in net realized capital gains and losses. In the event a loan-specific reserve charge is reversed, the recovery is also recorded in net realized capital 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 estimates of probable credit losses inherent in the portfolio of loans without specific reserves as of the date of the statutory statements of admitted assets, liabilities, capital and surplus. 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 group of 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 directly in capital and surplus as net unrealized capital gains and losses.
F-14
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
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, loan-to-value (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. These loan quality measurements contribute to managements assessment of relative credit risk in the mortgage loan portfolio. Based on underwriting criteria and ongoing assessment of the properties performance, management believes the amounts, net of valuation allowance, are collectible. This process identifies the risk profile and potential for loss individually and in the aggregate for the commercial mortgage loan portfolios. These factors are updated and evaluated at least annually. Due to the nature of the collateral underlying mortgage loans under development, these loans are not evaluated using the LTV and DSC ratios described above.
Interest income on performing mortgage loans is recognized in net investment income 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 restored to accrual status when the principal and interest is current and it is determined the future principal and interest payments are probable or the loan is modified.
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.
Cash and cash equivalents. Cash and cash equivalents include highly liquid investments with original maturities of less than three months and, effective December 31, 2020, amounts on deposit in internal qualified cash pools. 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 in the internal qualified cash pool.
Short-term investments. Short-term investments consist primarily of government agency discount notes with maturities of twelve months or less at acquisition. Short-term investments also include outstanding promissory notes with initial maturity dates of one-year or less with certain affiliates. The Company carries short-term investments at amortized cost, which approximates fair value.
Other invested assets. Other invested assets consist primarily of alternative investments in private equity funds, private debt funds, tax credit funds, real estate partnerships and the investment in Eagle. Except for investments in certain tax credit funds, these investments are recorded using the equity method of accounting. Changes in carrying value as a result of the equity method are reflected as net unrealized capital gains and losses as a direct adjustment to capital and surplus. Gains and losses are generally recognized through income at the time of disposal or when operating distributions are received. Partnership interests in tax credit funds are held at amortized cost with amortization charged to net investment income over the period in which the tax benefits, primarily credits, are earned. Tax credits are recorded as an offset to tax expense in the period utilized.
The Company sold $2.6 billion, $2.3 billion and $2.2 billion in Tax Credit Funds to unrelated third parties with outstanding guarantees as of December 31, 2021, 2020 and 2019, respectively. The Company guaranteed after-tax benefits to the third-party investors through periods ending in 2038. 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 $1.5 billion, 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, (3) the Company oversees the asset management of the deals and (4) changes in tax laws are explicitly excluded from the Companys guarantees of after-tax benefits.
F-15
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
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 in 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 the 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 invested assets of the Company. Periodically, the Company may receive non-cash collateral, which would be recorded off-balance sheet. The Company recognizes loaned securities in bonds. A securities lending payable is recorded in other liabilities for the amount of cash collateral received. If the fair value of the collateral received (cash and/or securities) is less than the fair value of the securities loaned, the shortfall is nonadmitted. Net income received from securities lending activities is included in net investment income. Because the borrower or the Company may terminate a securities lending transaction at any time, if loans are terminated in advance of the reinvested collateral asset maturities, the Company would repay its securities lending obligations from operating cash flows or the proceeds of sales from its investment portfolio, which includes significant liquid securities.
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, cross-currency swaps, futures and options.
Derivative instruments used in hedging transactions considered to be effective hedges are reported in a manner consistent with the hedged items. With the exception of derivatives applying the prescribed practice under OAC 3901-1-67, derivative instruments used in hedging transactions that do not meet or no longer meet the criteria of an effective hedge are accounted for at fair value with changes in fair value recorded in capital and surplus as unrealized gains or losses.
The fair value of derivative instruments is determined using various valuation techniques relying predominantly on observable market inputs and internal models. These inputs include interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels.
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 forms of cash and marketable securities. Non-cash collateral received is recorded off-balance sheet.
Cash flows and payment accruals on derivatives are recorded in net investment income.
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, income and cost approaches.
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 statutory statements of admitted assets, liabilities, capital and surplus 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.
F-16
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Level 2. Unadjusted quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active 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 estimates of 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. Primary inputs to this valuation technique include broker quotes and comparative trades.
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 reporting period in which the change occurs.
Asset Valuation Reserve
The Company maintains an AVR as prescribed by the NAIC for the purpose of offsetting potential credit related investment losses on each invested asset category, excluding cash, policy loans and income receivable. The AVR contains a separate component for each category of invested assets. The change in AVR is charged or credited directly to capital and surplus.
Interest Maintenance Reserve
The Company records an IMR as prescribed by the NAIC, which represents the net deferral for interest-related gains or losses arising from the sale of certain investments, such as bonds, mortgage loans and loan-backed and structured securities sold. The IMR is applied as follows:
| for bonds, the designation from the NAIC Capital Markets and Investments Analysis Office must not have changed more than one designation between the beginning of the holding period and the date of sale; |
| the bond must never have been classified as a default security; |
| for mortgage loans, during the prior two years, they must not have had interest more than 90 days past due, been in the process of foreclosure or in the course of voluntary conveyance, nor had restructured terms; and |
| for loan-backed and structured securities, all interest-related other-than-temporary impairments and interest-related realized gains or losses on sales of the securities. |
The realized gains or losses, net of related federal income tax, from the applicable bonds and mortgage loans sold, have been removed from the net realized gain or loss amounts and established as a net liability. This liability is amortized into income such that the amount of each capital gain or loss amortized in a given year is based on the excess of the amount of income which would have been reported that year, if the asset had not been disposed of over the amount of income which would have been reported had the asset been repurchased at its sale price. In the event the unamortized IMR liability balance is negative, the balance is reclassified as an asset and fully nonadmitted. The Company utilizes the grouped method for amortization. Under the grouped method, the liability is amortized into income over the remaining period to expected maturity based on the groupings of the individual securities into five-year bands.
Goodwill
For companies whose operations are primarily insurance related, goodwill is the excess of the cost to acquire a company over the Companys share of the statutory book value of the acquired entity. Goodwill is recorded in stocks in the statutory statements of admitted assets, liabilities and surplus. Goodwill is amortized on a straight-line basis over the period of economic benefit, not to exceed ten years, with a corresponding charge to surplus. Goodwill was immaterial as of December 31, 2021 and 2020.
F-17
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Federal Income Taxes
The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets, net of any nonadmitted portion and statutory valuation allowance, and deferred tax liabilities, are recognized for the expected future tax consequences attributable to differences between the statutory financial statement carrying amounts of existing assets and liabilities and their respective tax basis. 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. The change in deferred taxes, excluding the impact of taxes on unrealized capital gains or losses and nonadmitted deferred taxes, is charged directly to capital and surplus.
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 statutory 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 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. The Company believes its tax reserves reasonably provide for potential assessments that may result from Internal Revenue Service (IRS) examinations and other tax-related matters for all open tax years.
The Company is included in the NMIC consolidated federal income tax return.
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 Company of 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 statutory statements of admitted assets, liabilities, capital and surplus on a net basis within the related future policy benefits and claims of the Company.
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 2021 and 2020, and 50% of the number of life insurance policies in force in 2021 and 2020. The provision for policyholder dividends was based on the respective years dividend scales, as approved by the Board of Directors. Policyholder dividends are recognized when declared. No additional income was allocated to participating policyholders during 2021 and 2020.
Accounting Changes and Corrections of Errors
Effective January 1, 2021, the Company elected to apply OAC 3901-1-67 to its derivative instruments hedging indexed products and indexed annuity reserve liabilities. As a result of the Companys election to apply OAC 3901-1-67 as of January 1, 2021, the Companys admitted assets decreased $3 million, total liabilities decreased $2 million and capital and surplus decreased $1 million, which included a $3 million reduction to unassigned surplus from the cumulative effect of the change in accounting principle.
During 2020, the Company identified and corrected an error in the variable annuity ceded premium calculation under the intercompany 100% coinsurance agreement with Eagle. The error resulted in an understatement of ceded premiums for the years ended December 31, 2019 and 2018. In accordance with SSAP No. 3, Accounting Changes and Corrections of Errors, the total prior period correction of $9 million was reported in 2020 as a negative adjustment to unassigned funds (surplus) and consisted of $11 million of ceded premiums, offset by $2 million of taxes.
Effective January 1, 2020, the Company changed its reserve valuation basis for variable annuities due to changes to VM-21. As a result of this change, the Company records stochastic reserves, floored at the cash surrender value, instead of reserves using the standard scenario previously required under Actuarial Guideline XLIII CARVM for Variable Annuities. The impacts of the valuation basis change were recognized as of January 1, 2020, resulting in an increase to statutory capital and surplus of $78 million. In addition, the Company changed its reserve valuation basis for stable value wraps covering certain group life insurance policies from Separate Accounts Funding Guaranteed Minimum Benefits Under Group Contracts, to VM-21. There was no impact to statutory capital and surplus as a result of this change.
F-18
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
During 2020, the Company modified its approach used to schedule the reversals of its deferred tax assets for policyholder reserves under SSAP No. 101, Income Taxes (SSAP No. 101). Prior to 2020 the Company scheduled the reversals of its deferred tax assets for policyholder reserves by estimating the reserve reversal using the aggregate policyholder reserve. As of January 1, 2020, the Company is now taking a disaggregated approach and calculates reversal of the deferred tax assets for policyholder reserves on a product-by-product basis. The new method is more precise and better reflects how the deferred tax assets for policyholder reserves moves with the underlying reserve liability. SSAP No. 101 permits a company to modify its scheduling method so long as the modification is treated as change in accounting principle. The impact of the change increases the Companys net admitted deferred tax asset $6 million and $5 million as of December 31, 2020 and January 1, 2020, respectively, with a commensurate increase in capital and surplus. There was no impact on net income.
Recently Adopted Accounting Standard
Effective January 1, 2021, the Company adopted revisions to SSAP No. 32R, Preferred Stock (SSAP No. 32R). The adopted revisions updated the definition for redeemable and perpetual preferred stock and furthermore, updated the valuation classification for perpetual preferred stock to fair value. Previously, perpetual preferred stock could have been valued at amortized cost or fair value based on the rating of the security. Per SSAP No. 32R, any valuation classification changes from amortized cost to fair value are to be recognized in statutory surplus. Going forward, changes to fair value will be recognized as a change in net unrealized capital gains and losses to in statutory surplus. As a result of this change, the Company recorded an increase to statutory capital and surplus of $9 million as of January 1, 2021.
In December 2020, the Company adopted revisions to SSAP No. 2R, Cash, Cash Equivalents, Drafts and Short-Term Investments (SSAP No. 2R). The adopted revisions require internal cash pooling arrangements to meet certain criteria to be considered qualified cash pools, with investments in qualifying pools reported as cash equivalents on the statutory statements of admitted assets, liabilities, capital and surplus. The Companys cash pool meets the criteria to be considered a qualified cash pool under SSAP No. 2R. The internal cash pooling arrangement with NCMC was historically classified as short-term investments, resulting in a change in classification to cash equivalents.
COVID-19
On March 11, 2020, the World Health Organization declared the novel coronavirus (COVID-19) a pandemic. In response to the COVID-19 pandemic, governments have enacted various measures to reduce the spread of the virus. The COVID-19 pandemic conditions have created financial market volatility and uncertainty regarding whether and when certain customer behaviors will return to historical patterns, including sales of new and retention of existing policies, life insurance mortality and credit allowance exposure. None of the aforementioned items have had a material impact on the overall financial condition of the Company. While many of the government-imposed measures have eased in 2021, the extent to which the COVID-19 pandemic may impact the Companys ongoing operations and financial condition will depend on future developments that are evolving and uncertain.
Subsequent Events
The Company evaluated subsequent events through March 18 2022, the date the statutory financial statements were issued.
Effective January 1, 2022, Harleysville Life Insurance Company (HLIC), an Ohio domiciled stock life insurance company and subsidiary of NMIC that offers universal and traditional life insurance, disability income insurance and fixed annuity contracts on a non-participating basis, completed a merger agreement with NLAIC. Pursuant to the merger agreement, the operations of HLIC merged with and into NLAIC, with NLAIC continuing as the surviving entity. There was not a material impact on the Companys surplus as a result of the merger.
F-19
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(3) | Analysis of Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics |
The following table summarizes the analysis of individual annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:
(in millions) | General account1 |
Separate account with guarantees |
Separate account non- guaranteed |
Total | % of Total |
|||||||||||||||
December 31, 2021 |
||||||||||||||||||||
Subject to discretionary withdrawal: |
||||||||||||||||||||
With market value adjustment |
$ | 622 | 125 | - | $ | 747 | 1 | % | ||||||||||||
At book value less current surrender charge of 5% or more |
209 | - | - | 209 | 0 | % | ||||||||||||||
At fair value |
12 | - | 73,141 | 73,153 | 93 | % | ||||||||||||||
Total with market value adjustment or at fair value |
$ | 843 | $ | 125 | $ | 73,141 | $ | 74,109 | 94 | % | ||||||||||
At book value without adjustment (minimal or no charge or adjustment) |
3,295 | - | 6 | 3,301 | 4 | % | ||||||||||||||
Not subject to discretionary withdrawal |
1,749 | - | 69 | 1,818 | 2 | % | ||||||||||||||
Total, gross |
$ | 5,887 | $ | 125 | $ | 73,216 | $ | 79,228 | 100 | % | ||||||||||
Less: Reinsurance ceded |
(114 | ) | - | - | (114 | ) | ||||||||||||||
Total, net |
$ | 5,773 | $ | 125 | $ | 73,216 | $ | 79,114 | ||||||||||||
Amount included in Subject to discretionary withdrawal at book value less current surrender charge of 5% or more that will move to Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment) | $ | 53 | $ | - | $ | - | $ | 53 | ||||||||||||
December 31, 2020 |
||||||||||||||||||||
Subject to discretionary withdrawal: |
||||||||||||||||||||
With market value adjustment |
$ | 190 | $ | 162 | $ | - | $ | 352 | 0 | % | ||||||||||
At book value less current surrender charge of 5% or more |
219 | - | - | 219 | 0 | % | ||||||||||||||
At fair value |
- | - | 65,990 | 65,990 | 92 | % | ||||||||||||||
Total with market value adjustment or at fair value |
$ | 409 | $ | 162 | $ | 65,990 | $ | 66,561 | 92 | % | ||||||||||
At book value without adjustment (minimal or no charge or adjustment) |
3,480 | - | 8 | 3,488 | 5 | % | ||||||||||||||
Not subject to discretionary withdrawal |
1,755 | - | 62 | 1,817 | 3 | % | ||||||||||||||
Total, gross |
$ | 5,644 | $ | 162 | $ | 66,060 | $ | 71,866 | 100 | % | ||||||||||
Less: Reinsurance ceded |
(112 | ) | - | - | (112 | ) | ||||||||||||||
Total, net |
$ | 5,532 | $ | 162 | $ | 66,060 | $ | 71,754 | ||||||||||||
Amount included in Subject to discretionary withdrawal at book value less current surrender charge of 5% or more that will move to Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment) | $ | 67 | $ | - | $ | - | $ | 67 |
1 | Includes reserves applying the prescribed practice under OAC 3901-1-67, as disclosed in Note 2. |
F-20
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the analysis of group annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:
(in millions) | General account1 |
Separate account with guarantees |
Separate account non- guaranteed |
Total | % of Total |
|||||||||||||||
December 31, 2021 |
||||||||||||||||||||
Subject to discretionary withdrawal: |
||||||||||||||||||||
With market value adjustment |
$ | 18,205 | 2,389 | - | $ | 20,594 | 44 | % | ||||||||||||
At book value less current surrender charge of 5% or more |
6 | - | - | 6 | 0 | % | ||||||||||||||
At fair value |
- | - | 20,679 | 20,679 | 44 | % | ||||||||||||||
Total with market value adjustment or at fair value |
$ | 18,211 | $ | 2,389 | $ | 20,679 | $ | 41,279 | 88 | % | ||||||||||
At book value without adjustment (minimal or no charge or adjustment) |
5,227 | - | - | 5,227 | 11 | % | ||||||||||||||
Not subject to discretionary withdrawal |
673 | - | 3 | 676 | 1 | % | ||||||||||||||
Total, gross |
$ | 24,111 | $ | 2,389 | $ | 20,682 | $ | 47,182 | 100 | % | ||||||||||
Less: Reinsurance ceded |
(55 | ) | - | - | (55 | ) | ||||||||||||||
Total, net |
$ | 24,056 | $ | 2,389 | $ | 20,682 | $ | 47,127 | ||||||||||||
Amount included in Subject to discretionary withdrawal at book value less current surrender charge of 5% or more that will move to Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment) | $ | 6 | $ | - | $ | - | $ | 6 | ||||||||||||
December 31, 2020 |
||||||||||||||||||||
Subject to discretionary withdrawal: |
||||||||||||||||||||
With market value adjustment |
$ | 17,393 | $ | 2,483 | $ | - | $ | 19,876 | 43 | % | ||||||||||
At book value less current surrender charge of 5% or more |
3 | - | - | 3 | 0 | % | ||||||||||||||
At fair value |
- | - | 19,670 | 19,670 | 43 | % | ||||||||||||||
Total with market value adjustment or at fair value |
$ | 17,396 | $ | 2,483 | $ | 19,670 | $ | 39,549 | 86 | % | ||||||||||
At book value without adjustment (minimal or no charge or adjustment) |
6,000 | - | - | 6,000 | 13 | % | ||||||||||||||
Not subject to discretionary withdrawal |
591 | - | 3 | 594 | 1 | % | ||||||||||||||
Total, gross |
$ | 23,987 | $ | 2,483 | $ | 19,673 | $ | 46,143 | 100 | % | ||||||||||
Less: Reinsurance ceded |
(58 | ) | - | - | (58 | ) | ||||||||||||||
Total, net |
$ | 23,929 | $ | 2,483 | $ | 19,673 | $ | 46,085 | ||||||||||||
Amount included in Subject to discretionary withdrawal at book value less current surrender charge of 5% or more that will move to Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment) | $ | 3 | $ | - | $ | - | $ | 3 |
1 | Includes reserves applying the prescribed practice under OAC 3901-1-67, as disclosed in Note 2. |
F-21
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the analysis of deposit-type contracts and other liabilities without life or disability contingencies by withdrawal characteristics, as of the dates indicated:
(in millions) | General account |
Separate account non- guaranteed |
Total | % of Total |
||||||||||||
December 31, 2021 |
||||||||||||||||
Subject to discretionary withdrawal: |
||||||||||||||||
With market value adjustment |
$ | 2 | $ | - | $ | 2 | 0 | % | ||||||||
At fair value |
- | - | - | 0 | % | |||||||||||
Total with market value adjustment or at fair value |
$ | 2 | $ | - | $ | 2 | 0 | % | ||||||||
At book value without adjustment (minimal or no charge or adjustment) |
665 | 3 | 668 | 17 | % | |||||||||||
Not subject to discretionary withdrawal |
3,132 | 17 | 3,149 | 83 | % | |||||||||||
Total, gross |
$ | 3,799 | $ | 20 | $ | 3,819 | 100 | % | ||||||||
Less: Reinsurance ceded |
- | - | - | |||||||||||||
Total, net |
$ | 3,799 | $ | 20 | $ | 3,819 | ||||||||||
December 31, 2020 |
||||||||||||||||
Subject to discretionary withdrawal: | ||||||||||||||||
With market value adjustment |
$ | 2 | $ | - | $ | 2 | 0 | % | ||||||||
At fair value |
12 | - | 12 | 0 | % | |||||||||||
Total with market value adjustment or at fair value |
$ | 14 | $ | - | $ | 14 | 0 | % | ||||||||
At book value without adjustment (minimal or no charge or adjustment) |
728 | 3 | 731 | 22 | % | |||||||||||
Not subject to discretionary withdrawal |
2,540 | 13 | 2,553 | 78 | % | |||||||||||
Total, gross |
$ | 3,282 | $ | 16 | $ | 3,298 | 100 | % | ||||||||
Less: Reinsurance ceded |
- | - | - | |||||||||||||
Total, net |
$ | 3,282 | $ | 16 | $ | 3,298 |
The following table is a reconciliation of total annuity actuarial reserves and deposit fund liabilities, as of the dates indicated:
December 31, | ||||||||
(in millions) | 2021 | 2020 | ||||||
Life, accident and health annual statement: |
||||||||
Annuities, net (excluding supplemental contracts with life contingencies) |
$ | 29,815 | $ | 29,445 | ||||
Supplemental contracts with life contingencies, net |
15 | 16 | ||||||
Deposit-type contracts |
3,799 | 3,282 | ||||||
Subtotal |
$ | 33,629 | $ | 32,743 | ||||
Separate accounts annual statement: |
||||||||
Annuities, net (excluding supplemental contracts with life contingencies) |
$ | 96,412 | $ | 88,378 | ||||
Other contract deposit funds |
20 | 16 | ||||||
Subtotal |
$ | 96,432 | $ | 88,394 | ||||
Total annuity actuarial reserves and deposit fund liabilities, net |
$ | 130,061 | $ | 121,137 |
F-22
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the analysis of life actuarial reserves by withdrawal characteristics, as of the dates indicated:
General account | Separate account - nonguaranteed | |||||||||||||||||||||||
(in millions) | Account value |
Cash value | Reserve | Account value |
Cash value | Reserve | ||||||||||||||||||
December 31, 2021 |
||||||||||||||||||||||||
Subject to discretionary withdrawal,surrender |
||||||||||||||||||||||||
Term policies with cash value |
$ | - | $ | 11 | $ | 11 | $ | - | $ | - | $ | - | ||||||||||||
Universal life |
2,609 | 2,624 | 2,783 | - | - | - | ||||||||||||||||||
Universal life with secondary guarantees |
395 | 320 | 855 | - | - | - | ||||||||||||||||||
Indexed universal life with secondary guarantees |
232 | 174 | 251 | - | - | - | ||||||||||||||||||
Other permanent cash value life insurance |
- | 1,271 | 2,539 | - | - | - | ||||||||||||||||||
Variable life |
2,334 | 2,403 | 2,503 | 27,487 | 27,480 | 27,480 | ||||||||||||||||||
Miscellaneous reserves |
- | - | - | - | - | 6 | ||||||||||||||||||
Subtotal |
$ | 5,570 | $ | 6,803 | $ | 8,942 | $ | 27,487 | $ | 27,480 | $ | 27,486 | ||||||||||||
Not subject to discretionary withdrawal or no |
||||||||||||||||||||||||
Term policies without cash value |
- | - | 241 | - | - | - | ||||||||||||||||||
Accidental death benefits |
- | - | 1 | - | - | - | ||||||||||||||||||
Disability - active lives |
- | - | 14 | - | - | - | ||||||||||||||||||
Disability - disabled lives |
- | - | 58 | - | - | - | ||||||||||||||||||
Miscellaneous reserves |
- | - | 33 | - | - | - | ||||||||||||||||||
Total, gross |
$ | 5,570 | $ | 6,803 | $ | 9,289 | $ | 27,487 | $ | 27,480 | $ | 27,486 | ||||||||||||
Less: reinsurance ceded |
(9 | ) | (9 | ) | (209 | ) | - | - | - | |||||||||||||||
Total, net |
$ | 5,561 | $ | 6,794 | $ | 9,080 | $ | 27,487 | $ | 27,480 | $ | 27,486 |
F-23
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
General account | Separate account - nonguaranteed1 | |||||||||||||||||||||||
(in millions) | Account value |
Cash value |
Reserve | Account value |
Cash value |
Reserve | ||||||||||||||||||
December 31, 2020 |
||||||||||||||||||||||||
Subject to discretionary withdrawal,surrender |
||||||||||||||||||||||||
Term policies with cash value |
$ | - | $ | 11 | $ | 11 | $ | - | $ | - | $ | - | ||||||||||||
Universal life |
2,585 | 2,600 | 2,764 | - | - | - | ||||||||||||||||||
Universal life with secondary guarantees |
360 | 288 | 720 | - | - | - | ||||||||||||||||||
Indexed universal life with secondary guarantees |
179 | 130 | 191 | - | - | - | ||||||||||||||||||
Other permanent cash value life insurance |
- | 1,300 | 2,607 | - | - | - | ||||||||||||||||||
Variable life |
1,887 | 1,965 | 2,060 | 24,591 | 24,581 | 24,582 | ||||||||||||||||||
Miscellaneous reserves |
- | - | - | - | - | 9 | ||||||||||||||||||
Subtotal |
$ | 5,011 | $ | 6,294 | $ | 8,353 | $ | 24,591 | $ | 24,581 | $ | 24,591 | ||||||||||||
Not subject to discretionary withdrawal or no |
||||||||||||||||||||||||
Term policies without cash value |
- | - | 275 | - | - | - | ||||||||||||||||||
Accidental death benefits |
- | - | 1 | - | - | - | ||||||||||||||||||
Disability - active lives |
- | - | 13 | - | - | - | ||||||||||||||||||
Disability - disabled lives |
- | - | 58 | - | - | - | ||||||||||||||||||
Miscellaneous reserves |
- | - | 30 | - | - | - | ||||||||||||||||||
Total, gross |
$ | 5,011 | $ | 6,294 | $ | 8,730 | $ | 24,591 | $ | 24,581 | $ | 24,591 | ||||||||||||
Less: reinsurance ceded |
(10 | ) | (10 | ) | (240 | ) | - | - | - | |||||||||||||||
Total, net |
$ | 5,001 | $ | 6,284 | $ | 8,490 | $ | 24,591 | $ | 24,581 | $ | 24,591 |
1 | In 2020, the classification of certain group life insurance policies was changed from separate accounts with guarantees to separate accounts nonguaranteed as a result of a change in the reserve valuation basis, as described in Note 2. |
The following table is a reconciliation of life actuarial reserves, as of the dates indicated:
December 31, | ||||||||
(in millions) | 2021 | 2020 | ||||||
Life, accident and health annual statement: |
||||||||
Life Insurance, net |
$ | 8,986 | $ | 8,400 | ||||
Accidental death benefits, net |
1 | 1 | ||||||
Disability - active lives, net |
13 | 12 | ||||||
Disability - disabled lives, net |
51 | 51 | ||||||
Miscellaneous reserves, net |
29 | 26 | ||||||
Subtotal |
$ | 9,080 | $ | 8,490 | ||||
Separate accounts annual statement: |
||||||||
Life insurance1 |
$ | 27,788 | $ | 24,884 | ||||
Miscellaneous reserves |
6 | 9 | ||||||
Subtotal |
$ | 27,794 | $ | 24,893 | ||||
Total life actuarial reserves, net |
$ | 36,874 | $ | 33,383 |
1 | In 2021, life insurance account value, cash value and reserve includes separate accounts with guarantees of $308 million for universal life. In 2020, life insurance account value, cash value and reserve includes separate accounts with guarantees of 302 million for universal life. |
F-24
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Direct Premium Written by Managing General Agents and Third Party Administrators
The following table summarizes direct premium written by managing general agents and third party administrators as of December 31, 2021:
(in millions) | ||||||||||||||
Managing general agent/ third party reserve | FEIN number | Exclusive contract |
Types of business written |
Types of authority granted1 |
Total Direct Premium |
|||||||||
AccuRisk Solutions, LLC |
31-1777676 | Not Exclusive | Accident & health | C / CA / B / P / U | 109 | |||||||||
Fringe Insurance Benefits, Inc. |
74-2616364 | Not Exclusive | Accident & health | B /P / U | 55 | |||||||||
Gilsbar, Inc. |
72-0519951 | Not Exclusive | Accident & health | B / P / U | 24 | |||||||||
IRC |
74-2824053 | Not Exclusive | Accident & health | C / CA / B / P / U | 27 | |||||||||
K&K Insurance Group, Inc. |
35-1003799 | Not Exclusive | Accident & health | C / CA / B / P / U | 12 | |||||||||
Matrix |
01-0544915 | Not Exclusive | Accident & health | C / CA / B / P / U | 12 | |||||||||
Merchants Benefit Administration, Inc. |
86-0875918 | Exclusive | Accident & health | B / C / CA / P | 22 | |||||||||
PRAM Insurance Services, Inc. |
33-0367265 | Not Exclusive | Accident & health | C / CA / B / P / U | 4 | |||||||||
RMTS - Manufacturers & Traders Trust Co. |
20-1049240 | Not Exclusive | Accident & health | C / CA / B / P / U | 24 | |||||||||
Roundstone Management, Ltd. |
27-0371422 | Not Exclusive | Accident & health | C / CA / B / P / U | 78 | |||||||||
Star Line Group |
04-3499188 | Not Exclusive | Accident & health | C / CA / B / P / U | 5 | |||||||||
TMS RE Inc |
65-0644164 | Not Exclusive | Accident & health | C / CA / B / P / U | 61 | |||||||||
United Group Programs Inc. |
59-1896277 | Not Exclusive | Accident & health | C / CA / B / P / U | 10 | |||||||||
USMGU |
46-4619917 | Not Exclusive | Accident & health | C / CA / B / P / U | 1 | |||||||||
Total Direct Premiums Written and Produced |
$ | 444 |
1 | Authority code key includes: C claims payment, CA claims adjustment, B- binding authority, P-premium collection, U- underwriting. |
F-25
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(4) | Separate Accounts |
The Companys separate account statement includes assets legally insulated from the general account as of the dates indicated, attributed to the following product lines:
December 31, 2021 | December 31, 2020 | |||||||||||||||
(in millions) | Separate account assets legally insulated |
Separate assets (not legally |
Separate account assets legally insulated |
Separate assets (not legally |
||||||||||||
Product / Transaction: |
||||||||||||||||
Individual annuities |
$ | 79,416 | $ | - | $ | 71,875 | $ | - | ||||||||
Group annuities |
18,091 | - | 17,550 | - | ||||||||||||
Life insurance |
27,865 | - | 24,982 | - | ||||||||||||
Total |
$ | 125,372 | $ | - | $ | 114,407 | $ | - |
The following table summarizes amounts paid towards separate account guarantees by the general account and related risk charges paid by the separate account for the years ended:
(in millions) | Total paid toward separate account guarantees |
Risk charges paid general account |
||||||
2021 | $ | 12 | $ | 674 | ||||
2020 | $ | 26 | $ | 631 | ||||
2019 | $ | 58 | $ | 612 | ||||
2018 | $ | 18 | $ | 594 | ||||
2017 | $ | 13 | $ | 559 |
The Company does not engage in securities lending transactions within its separate accounts.
Most separate accounts held by the Company relate to individual and group variable annuity and variable universal life insurance contracts of a non-guaranteed return nature. The net investment experience of the separate accounts is credited directly to the contract holder and can be positive or negative. The individual variable annuity contracts generally provide an incidental death benefit of the greater of account value or premium paid (net of prior withdrawals). However, many individual variable annuity contracts also provide death benefits equal to (i) the most recent fifth-year anniversary account value, (ii) the highest account value on any previous anniversary, (iii) premiums paid increased 5% or certain combinations of these, all adjusted for prior withdrawals. The death benefit and cash value under the variable universal life policies may vary with the investment performance of the underlying investments in the separate accounts. The assets and liabilities of these separate accounts are carried at fair value and are non-guaranteed.
Certain other separate accounts offered by the Company contain groups of variable universal life policies wherein the assets supporting account values on the underlying policies reside in Private Placement Separate Accounts. They provide a quarterly interest rate based on a crediting formula that reflects the market value to book value ratio of the investments, investment portfolio yield and a specified duration.
Certain other separate accounts relate to a guaranteed term option, which provides a guaranteed interest rate that is paid over certain maturity durations ranging from three to ten years, so long as certain conditions are met. If amounts allocated to the guaranteed term option are distributed prior to the maturity period, a market value adjustment can be assessed. The assets and liabilities of these separate accounts are carried at fair value.
Another separate account offered by the Company contains a group of universal life policies wherein the assets supporting the account values on the underlying policies reside in a Private Placement Separate Account. It provides an annual interest rate guarantee, subject to a minimum guarantee of 3%. The interest rate declared each year reflects the anticipated investment experience of the account. The business has been included as a nonindexed guarantee less than or equal to 4%.
F-26
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following tables summarize the separate account reserves of the Company, as of the dates indicated:
(in millions) | Indexed | Nonindexed guarantee less than or equal to 4% |
Nonindexed guarantee more than 4% |
Nonguaranteed separate accounts |
Total | |||||||||||||||
December 31, 2021 |
||||||||||||||||||||
Premiums, considerations or deposits |
$ | - | $ | 221 | $ | - | $ | 8,088 | $ | 8,309 | ||||||||||
Reserves |
||||||||||||||||||||
For accounts with assets at: |
||||||||||||||||||||
Fair value |
$ | - | $ | 2,368 | $ | 146 | $ | 121,404 | $ | 123,918 | ||||||||||
Amortized cost |
- | 308 | - | - | 308 | |||||||||||||||
Total reserves |
$ | - | $ | 2,676 | $ | 146 | $ | 121,404 | $ | 124,226 | ||||||||||
By withdrawal characteristics: |
||||||||||||||||||||
With market value adjustment |
$ | - | $ | 2,368 | $ | 146 | $ | - | $ | 2,514 | ||||||||||
At book value without market value adjustment and with current surrender charge of 5% or more |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
| |||||
At fair value |
- | - | - | 121,307 | 121,307 | |||||||||||||||
At book value without market value adjustment and with current surrender charge less than 5% |
- | 308 | - | 9 | 317 | |||||||||||||||
Subtotal |
$ | - | $ | 2,676 | $ | 146 | $ | 121,316 | $ | 124,138 | ||||||||||
Not subject to discretionary withdrawal |
- | - | - | 88 | 88 | |||||||||||||||
Total reserves1 |
$ | - | $ | 2,676 | $ | 146 | $ | 121,404 | $ | 124,226 |
1 | The total reserves balance does not equal the liabilities related to separate accounts of $125.4 billion in the statutory statements of admitted assets, liabilities, capital and surplus by $1.2 billion, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above. |
F-27
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(in millions) | Indexed | Nonindexed guarantee less than or equal to 4% |
Nonindexed guarantee more than 4% |
Nonguaranteed separate accounts |
Total | |||||||||||||||
December 31, 2020 |
||||||||||||||||||||
Premiums, considerations or deposits |
$ | - | $ | 417 | $ | - | $ | 5,392 | $ | 5,809 | ||||||||||
Reserves |
||||||||||||||||||||
For accounts with assets at: |
||||||||||||||||||||
Fair value |
$ | - | $ | 2,480 | $ | 166 | $ | 110,340 | $ | 112,986 | ||||||||||
Amortized cost |
- | 302 | - | - | 302 | |||||||||||||||
Total reserves |
$ | - | $ | 2,782 | $ | 166 | $ | 110,340 | $ | 113,288 | ||||||||||
By withdrawal characteristics: |
||||||||||||||||||||
With market value adjustment |
$ | - | $ | 2,480 | $ | 166 | $ | - | $ | 2,646 | ||||||||||
At book value without market value adjustment and with current surrender charge of 5% or more |
- | - | - | - | - | |||||||||||||||
At fair value |
- | - | - | 110,252 | 110,252 | |||||||||||||||
At book value without market value adjustment and with current surrender charge less than 5% |
- | 302 | - | 11 | 313 | |||||||||||||||
Subtotal |
$ | - | $ | 2,782 | $ | 166 | $ | 110,263 | $ | 113,211 | ||||||||||
Not subject to discretionary withdrawal |
- | - | - | 77 | 77 | |||||||||||||||
Total reserves1 |
$ | - | $ | 2,782 | $ | 166 | $ | 110,340 | $ | 113,288 |
1 | The total reserves balance does not equal the liabilities related to separate accounts of $114.4 billion in the statutory statements of admitted assets, liabilities, capital and surplus by $1.1 billion, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above. |
The following table is a reconciliation of net transfers from separate accounts, as of the dates indicated:
December 31, | ||||||||||||
(in millions) | 2021 | 2020 | 2019 | |||||||||
Transfers as reported in the statutory statements of operations of the separate accounts: |
||||||||||||
Transfers to separate accounts |
$ | 8,309 | $ | 5,809 | $ | 6,142 | ||||||
Transfers from separate accounts |
(10,860 | ) | (8,921 | ) | (9,470 | ) | ||||||
Net transfers from separate accounts |
$ | (2,551 | ) | $ | (3,112 | ) | $ | (3,328 | ) | |||
Reconciling adjustments: |
||||||||||||
Exchange accounts offsetting in the general account |
(552 | ) | (337 | ) | (321 | ) | ||||||
Fees not included in general account transfers |
68 | (67 | ) | (68 | ) | |||||||
Other miscellaneous adjustments not included in the general account balance |
33 | (28 | ) | (30 | ) | |||||||
Transfers as reported in the statutory statements of operations |
$ | (3,002 | ) | $ | (3,544 | ) | $ | (3,747 | ) |
F-28
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(5) | Investments |
Bonds and Stocks
The following table summarizes the carrying value, the excess of fair value over carrying value, the excess of carrying value over fair value and the fair value of bonds and stocks, as of the dates indicated:
(in millions) | Carrying value |
Fair value in excess of carrying value |
Carrying value in excess of fair value |
Fair value | ||||||||||||
December 31, 2021 |
||||||||||||||||
Bonds: |
||||||||||||||||
U.S. Government |
$ | 12 | $ | - | $ | - | $ | 12 | ||||||||
States, territories and possessions |
463 | 44 | 1 | 506 | ||||||||||||
Political subdivisions |
376 | 66 | - | 442 | ||||||||||||
Special revenues |
2,882 | 489 | 2 | 3,369 | ||||||||||||
Industrial and miscellaneous |
28,233 | 2,649 | 86 | 30,796 | ||||||||||||
Loan-backed and structured securities |
5,965 | 183 | 31 | 6,117 | ||||||||||||
Total bonds |
$ | 37,931 | $ | 3,431 | $ | 120 | $ | 41,242 | ||||||||
Common stocks unaffiliated |
$ | 225 | $ | - | $ | - | $ | 225 | ||||||||
Preferred stocks unaffiliated |
50 | - | - | 50 | ||||||||||||
Total unaffiliated stocks1 |
$ | 275 | $ | - | $ | - | $ | 275 | ||||||||
Total bonds and unaffiliated stocks1 |
$ | 38,206 | $ | 3,431 | $ | 120 | $ | 41,517 | ||||||||
December 31, 2020 |
||||||||||||||||
Bonds: |
||||||||||||||||
U.S. Government |
$ | 7 | $ | - | $ | - | $ | 7 | ||||||||
States, territories and possessions |
370 | 59 | - | 429 | ||||||||||||
Political subdivisions |
343 | 71 | - | 414 | ||||||||||||
Special revenues |
2,763 | 564 | - | 3,327 | ||||||||||||
Industrial and miscellaneous |
26,583 | 3,656 | 46 | 30,193 | ||||||||||||
Loan-backed and structured securities |
7,141 | 336 | 37 | 7,440 | ||||||||||||
Total bonds |
$ | 37,207 | $ | 4,686 | $ | 83 | $ | 41,810 | ||||||||
Common stocks unaffiliated |
$ | 142 | $ | - | $ | - | $ | 142 | ||||||||
Preferred stocks unaffiliated |
97 | 12 | - | 109 | ||||||||||||
Total unaffiliated stocks1 |
$ | 239 | $ | 12 | $ | - | $ | 251 | ||||||||
Total bonds and unaffiliated stocks1 |
$ | 37,446 | $ | 4,698 | $ | 83 | $ | 42,061 |
1 | Excludes affiliated common stocks with a carrying value of $2.7 billion and $2.6 billion as of December 31, 2021 and 2020, respectively. Affiliated common stocks include investment in NLAIC and JNF of $2.6 billion and $186 million as of December 31, 2021, respectively, and $2.4 billion and $180 million as of December 31, 2020, respectively. |
The carrying value of bonds on deposit with various states as required by law or special escrow agreement was $3 million as of December 31, 2021 and 2020.
F-29
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the carrying value and fair value of bonds, by contractual maturity, as of December 31, 2021. 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) | Carrying value | Fair value | ||||||
Bonds: |
||||||||
Due in one year or less |
$ | 1,376 | $ | 1,398 | ||||
Due after one year through five years |
7,602 | 8,013 | ||||||
Due after five years through ten years |
9,671 | 10,182 | ||||||
Due after ten years |
13,317 | 15,531 | ||||||
Total bonds excluding loan-backed and structured securities |
$ | 31,966 | $ | 35,124 | ||||
Loan-backed and structured securities |
5,965 | 6,118 | ||||||
Total bonds |
$ | 37,931 | $ | 41,242 |
The following table summarizes the fair value and unrealized losses on bonds and stocks (amount by which cost or amortized cost exceeds fair value), for which other-than-temporary declines in value have not been recognized, based on the amount of time each type of bond or stock has been in an unrealized loss position, 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 |
Fair value |
Unrealized losses |
||||||||||||||||||
December 31, 2021 |
||||||||||||||||||||||||
Bonds: |
||||||||||||||||||||||||
U.S. Government |
$ | 3 | $ | - | $ | - | $ | - | $ | 3 | $ | - | ||||||||||||
States, territories and possessions |
77 | 1 | 1 | - | 78 | 1 | ||||||||||||||||||
Special revenues |
76 | 2 | - | - | 76 | 2 | ||||||||||||||||||
Industrial and miscellaneous |
3,355 | 74 | 455 | 48 | 3,810 | 122 | ||||||||||||||||||
Loan-backed and structured securities |
2,005 | 14 | 332 | 19 | 2,337 | 33 | ||||||||||||||||||
Total bonds |
$ | 5,516 | $ | 91 | $ | 788 | $ | 67 | $ | 6,304 | $ | 158 | ||||||||||||
Common stocks unaffiliated |
$ | - | $ | - | $ | 23 | $ | 2 | $ | 23 | $ | 2 | ||||||||||||
Preferred stocks unaffiliated |
14 | - | - | - | 14 | - | ||||||||||||||||||
Total unaffiliated stocks |
$ | 14 | $ | - | $ | 23 | $ | 2 | $ | 37 | $ | 2 | ||||||||||||
Total bonds and unaffiliated stocks |
$ | 5,530 | $ | 91 | $ | 811 | $ | 69 | $ | 6,341 | $ | 160 | ||||||||||||
December 31, 2020 |
||||||||||||||||||||||||
Bonds: |
||||||||||||||||||||||||
U.S. Government |
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||
States, territories and possessions |
1 | - | - | - | 1 | - | ||||||||||||||||||
Special revenues |
14 | - | - | - | 14 | - | ||||||||||||||||||
Industrial and miscellaneous |
636 | 27 | 408 | 38 | 1,044 | 65 | ||||||||||||||||||
Loan-backed and structured securities |
1,454 | 15 | 870 | 23 | 2,324 | 38 | ||||||||||||||||||
Total bonds |
$ | 2,105 | $ | 42 | $ | 1,278 | $ | 61 | $ | 3,383 | $ | 103 | ||||||||||||
Common stocks unaffiliated |
$ | 21 | $ | 4 | $ | - | $ | - | $ | 21 | $ | 4 | ||||||||||||
Preferred stocks unaffiliated |
9 | - | - | - | 9 | - | ||||||||||||||||||
Total unaffiliated stocks |
$ | 30 | $ | 4 | $ | - | $ | - | $ | 30 | 4 | |||||||||||||
Total bonds and unaffiliated stocks |
$ | 2,135 | $ | 46 | $ | 1,278 | $ | 61 | $ | 3,413 | $ | 107 |
As of December 31, 2021, management evaluated securities in an unrealized loss position and all non-marketable securities for impairment. As of the reporting date, the Company has the intent and ability to hold these securities until the fair value recovers, which may be maturity, and therefore, does not consider the securities to be other-than-temporarily impaired.
There was no intent to sell other-than-temporary impairments on loan-backed and structured securities for the years ended December 31, 2021 and 2020.
F-30
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory 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) | 2021 | 2020 | ||||||
Amortized cost: |
||||||||
Loans with non-specific reserves |
$ | 8,219 | $ | 7,819 | ||||
Loans with specific reserves |
9 | 12 | ||||||
Total amortized cost |
$ | 8,228 | $ | 7,831 | ||||
Valuation allowance: |
||||||||
Non-specific reserves |
$ | 42 | $ | 45 | ||||
Specific reserves |
1 | 3 | ||||||
Total valuation allowance1 |
$ | 43 | $ | 48 | ||||
Mortgage loans, net of allowance |
$ | 8,185 | $ | 7,783 |
1 | Changes in the valuation allowance are due to current period provisions. These changes in the valuation allowance for the years ended December 31, 2021, 2020, and 2019 were immaterial. |
As of December 31, 2021 and 2020, the Companys mortgage loans classified as delinquent and/or in non-accrual status were immaterial in relation to the total mortgage loan portfolio.
The following table summarizes the LTV ratio and DSC ratio of the mortgage loan portfolio as of the dates indicated:
LTV ratio | DSC ratio | |||||||||||||||||||||||||
(in millions) | Less than 90% |
90% or greater |
Total | Greater than 1.00 |
Less than or equal to 1.00 |
Total | ||||||||||||||||||||
December 31, 2021 |
||||||||||||||||||||||||||
Apartment |
$ | 3,441 | $ | 33 | $ | 3,474 | $ | 3,445 | $ | 29 | $ | 3,474 | ||||||||||||||
Industrial |
1,137 | - | 1,137 | 1,137 | - | 1,137 | ||||||||||||||||||||
Office |
1,226 | 25 | 1,251 | 1,231 | 20 | 1,251 | ||||||||||||||||||||
Retail |
2,067 | 41 | 2,108 | 2,068 | 40 | 2,108 | ||||||||||||||||||||
Other |
171 | - | 171 | 171 | - | 171 | ||||||||||||||||||||
Total1 |
$ | 8,042 | $ | 99 | $ | 8,141 | $ | 8,052 | $ | 89 | $ | 8,141 | ||||||||||||||
Weighted average DSC ratio |
2.22 | 1.31 | 2.21 | 2.22 | 0.90 | 2.21 | ||||||||||||||||||||
Weighted average LTV ratio |
58 | % | 94 | % | 59 | % | 59 | % | 78 | % | 59% | |||||||||||||||
December 31, 2020 |
||||||||||||||||||||||||||
Apartment |
$ | 2,988 | $ | 25 | $ | 3,013 | $ | 2,993 | $ | 20 | $ | 3,013 | ||||||||||||||
Industrial |
1,026 | - | 1,026 | 1,005 | 21 | 1,026 | ||||||||||||||||||||
Office |
1,307 | - | 1,307 | 1,304 | 3 | 1,307 | ||||||||||||||||||||
Retail |
2,155 | 27 | 2,182 | 2,169 | 13 | 2,182 | ||||||||||||||||||||
Other |
218 | - | 218 | 218 | - | 218 | ||||||||||||||||||||
Total1 |
$ | 7,694 | $ | 52 | $ | 7,746 | $ | 7,689 | $ | 57 | $ | 7,746 | ||||||||||||||
Weighted average DSC ratio |
2.21 | 1.52 | 2.20 | 2.21 | 0.91 | 2.20 | ||||||||||||||||||||
Weighted average LTV ratio |
57 | % | 98 | % | 57 | % | 57 | % | 65 | % | 57% |
1 | Excludes $87 million and $85 million of commercial mortgage loans that were under development as of December 31, 2021 and 2020, respectively. |
As of December 31, 2021 and 2020, the Company has a diversified mortgage loan portfolio with no more than 24%, in a geographic region in the U.S. and no more than 1% with any one borrower. The maximum and minimum lending rates for mortgage loans originated or acquired during 2021 were 4.1% and 1.9%, respectively, and for those originated or acquired during 2020 were 4.3% and 1.9%, respectively. As of December 31, 2021 and 2020, the maximum LTV ratio of any one loan at the time of loan origination was 80%. As of December 31, 2021 and 2020, the Company did not hold mortgage loans with interest 90 days or more past due. Additionally, there were no taxes, assessments or any amounts advanced and not included in the mortgage loan portfolio.
F-31
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Securities Lending
The fair value of loaned securities was $547 million and $244 million as of December 31, 2021 and 2020, respectively. The Company held $170 million and $101 million of cash collateral on securities lending as of December 31, 2021 and 2020, respectively. As of December 31, 2021, the carrying value and fair value of reinvested collateral assets was $170 million. As of December 31, 2020, the carrying value and fair value of reinvested collateral assets was $101 million. The fair value of bonds acquired with reinvested collateral assets was $173 million and $103 million as of December 31, 2021 and 2020, respectively. There are no securities lending transactions that extend beyond one year as of the reporting date. The Company received $388 million and $148 million of non-cash collateral on securities lending as of December 31, 2021 and 2020, respectively.
Net Investment Income
The following table summarizes net investment income by investment type, for the years ended:
December 31, | ||||||||||||
(in millions) | 2021 | 2020 | 2019 | |||||||||
Bonds |
$ | 1,417 | $ | 1,419 | $ | 1,408 | ||||||
Mortgage loans |
358 | 339 | 353 | |||||||||
Other invested assets |
499 | 384 | 225 | |||||||||
Policy loans |
43 | 43 | 45 | |||||||||
Derivative instruments1 |
31 | 25 | 23 | |||||||||
Other |
12 | 16 | 28 | |||||||||
Gross investment income |
$ | 2,360 | $ | 2,226 | $ | 2,082 | ||||||
Investment expenses |
(129 | ) | (119 | ) | (108 | ) | ||||||
Net investment income |
$ | 2,231 | $ | 2,107 | $ | 1,974 |
1 | Includes net investment income applying the prescribed practice under OAC 3901-1-67, as disclosed in Note 2. |
There was no investment income due and accrued that was nonadmitted as of December 31, 2021 and 2020.
Net Realized Capital Gains and Losses
The following table summarizes net realized capital gains and losses for the years ended:
December 31, | ||||||||||||
(in millions) | 2021 | 2020 | 2019 | |||||||||
Gross gains on sales |
$ | 106 | $ | 36 | $ | 71 | ||||||
Gross losses on sales |
(32 | ) | (42 | ) | (21 | ) | ||||||
Net realized gains (losses) on sales |
$ | 74 | $ | (6 | ) | $ | 50 | |||||
Net realized derivative losses1 |
(679 | ) | (521 | ) | (515 | ) | ||||||
Other-than-temporary impairments |
(4 | ) | (78 | ) | (5 | ) | ||||||
Total net realized losses |
$ | (609 | ) | $ (605) | $ | (470 | ) | |||||
Tax expense (benefit) on net losses |
59 | (26 | ) | 7 | ||||||||
Net realized capital losses, net of tax |
$ | (668 | ) | $ | (579 | ) | $ | (477 | ) | |||
Less: Realized losses transferred to the IMR |
15 | (4 | ) | - | ||||||||
Net realized capital losses, net of tax and transfers to the IMR |
$ | (683 | ) | $ | (575 | ) | $ | (477 | ) |
1 | Includes impacts to derivative instruments applying the prescribed practice under OAC 3901-1-67, as disclosed in Note 2. |
For the year ended December 31, 2021, gross realized gains and gross realized losses on sales of bonds were $80 million and $31 million, respectively. For the year ended December 31, 2020, gross realized gains and gross realized losses on sales of bonds were $26 million and $38 million, respectively. For the year ended December 31, 2019, gross realized gains and gross realized losses on sales of bonds were $56 million and $19 million, respectively.
The Company did not enter into any material repurchase transactions that would be considered wash sales during the years ended December 31, 2021 and 2020.
Investment Commitments
The Company had unfunded commitments related to its investment in limited partnerships and limited liability companies totaling $793 million and $483 million as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, there were $89 million and $21 million of commitments to purchase private placement bonds and $0 and $114 million of outstanding commitments to fund mortgage loans, respectively.
F-32
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(6) | 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. In the normal course of business, the Company enters into transactions that expose it to interest rate risk arising from mismatches between assets and liabilities. The Company may use interest rate swaps and futures to reduce or alter interest rate exposure.
Interest rate contracts 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 contracts are generally used to convert fixed rate cash flow streams to variable rate cash flow streams or vice versa.
Equity market risk management. The Company issues a variety of insurance products that expose it to equity risks. To mitigate these risks, the Company enters into a variety of derivatives including futures and options.
Indexed crediting risk management. The Company issues a variety of insurance and annuity products with indexed crediting features that expose the Company to risks related to the performance of an underlying index. To mitigate these risks, the Company enters into a variety of derivatives including index options, total return swaps and futures. The underlying indices can have exposure to equites, commodities and fixed income securities.
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 are intended to mitigate the changes in the functional-currency equivalent cash flows of the hedged item. To mitigate this risk, the Company uses cross-currency swaps.
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. The Company also considers the impact credit exposure could have on the effectiveness of the Companys hedging relationships. As of December 31, 2021 and 2020, 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.
The following table summarizes the fair value, carrying value and related notional amounts of derivative instruments, as of the dates indicated:
(in millions) | Notional amount |
Net Carrying Value |
Fair value asset |
Fair value liability |
Average fair value |
|||||||||||||||
December 31, 2021 |
||||||||||||||||||||
Interest rate swaps |
$ | 7 | $ | - | $ | - | $ | - | $ | - | ||||||||||
Options |
25 | 1 | 1 | - | - | |||||||||||||||
Cross currency swaps |
1,465 | 32 | 101 | (13) | 1 | |||||||||||||||
Futures |
2,715 | - | - | - | - | |||||||||||||||
Total derivatives¹ |
$ | 4,212 | $ | 33 | $ | 102 | $ | (13) | $ | 1 | ||||||||||
December 31, 2020 |
||||||||||||||||||||
Interest rate swaps |
$ | 7 | $ | (1) | $ | - | $ | (1) | $ | (1) | ||||||||||
Options |
- | - | - | - | - | |||||||||||||||
Cross currency swaps |
1,524 | (36) | 75 | (49) | - | |||||||||||||||
Futures |
3,342 | - | - | - | - | |||||||||||||||
Total derivatives¹ |
$ | 4,873 | $ | (37) | $ | 75 | $ | (50) | $ | (1) |
1 | Fair value balance excludes immaterial accrued interest on derivative assets for December 31, 2021 and 2020. |
F-33
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
Of the $102 million and $75 million of fair value of derivative assets as of December 31, 2021 and 2020, $13 million and $24 million were subject to master netting agreements as of December 31, 2021 and 2020, the Company received $92 million and $35 million of cash collateral and $17 million and $22 million in pledged securities, respectively, resulting in an immaterial uncollateralized position as of December 31, 2021 and 2020. Of the $13 million and $50 million of fair value of derivative liabilities as of December 31, 2021 and 2020, $13 million and $24 million were subject to master netting agreements as of December 31, 2021 and 2020, the Company posted $0 and $28 million of cash collateral, respectively, resulting in an immaterial uncollateralized position as of December 31, 2021 and 2020. Securities received as collateral are recorded off-balance sheet and exclude initial margin posted on derivatives of $171 million and $280 million as of December 31, 2021 and 2020, respectively.
The following table summarizes net gains and losses on derivatives programs by type of derivative instrument, as of the dates indicated:
Net realized (losses) gains recorded in operations |
Unrealized gains (losses) recorded in capital and surplus |
|||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||
(in millions) | 2021 | 2020 | 2019 | 2021 | 2020 | 2019 | ||||||||||||||||||
Options |
$ | - | $ | - | $ | 3 | $ | - | $ | (1 | ) | $ | 4 | |||||||||||
Cross currency swaps |
1 | 4 | (1 | ) | 69 | (102 | ) | (13 | ) | |||||||||||||||
Futures |
(680 | ) | (525 | ) | (517 | ) | 27 | 1 | (169 | ) | ||||||||||||||
Total |
$ | (679 | ) | $ | (521 | ) | $ | (515 | ) | $ | 96 | $ | (102 | ) | $ | (178 | ) |
(7) | Fair Value Measurements |
The following table summarizes assets and liabilities held at fair value as of December 31, 2021:
(in millions) | Level 1 | Level 2 | Level 3 | Net Asset Value (NAV) |
Total | |||||||||||||||
Assets |
||||||||||||||||||||
Bonds |
$ | - | $ | 7 | $ | 1 | $ | - | $ | 8 | ||||||||||
Common stocks unaffiliated |
82 | 143 | - | - | 225 | |||||||||||||||
Preferred stocks unaffiliated |
- | 44 | 6 | - | 50 | |||||||||||||||
Separate account assets |
119,549 | 2,087 | 49 | 3,354 | 125,039 | |||||||||||||||
Assets at fair value |
$ | 119,631 | $ | 2,281 | $ | 56 | $ | 3,354 | $ | 125,322 |
The following table presents the rollforward of Level 3 assets and liabilities held at fair value during the year ended December 31, 2021:
(in millions) | Bonds | Common stocks |
Preferred stocks |
Separate account assets |
Assets at fair |
|||||||||||||||
Balance as of December 31, 2020 |
$ | 1 | $ | 1 | $ | - | $ | 58 | $ | 60 | ||||||||||
Net gains (losses): |
||||||||||||||||||||
In operations |
- | - | - | - | - | |||||||||||||||
In surplus |
- | - | 1 | 6 | 7 | |||||||||||||||
Purchases |
1 | - | 1 | - | 2 | |||||||||||||||
Sales |
(1 | ) | - | - | (15 | ) | (16 | ) | ||||||||||||
Transfers into Level 3 |
- | - | 4 | - | 4 | |||||||||||||||
Transfers out of Level 3 |
- | (1 | ) | - | - | (1 | ) | |||||||||||||
Balance as of December 31, 2021 |
$ | 1 | $ | - | $ | 6 | $ | 49 | $ | 56 |
Preferred stocks unaffiliated transfers into Level 3 are primarily related to the Companys adoption of SSAP No. 32R. Refer to Note 2 for more information.
F-34
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes assets and liabilities held at fair value as of December 31, 2020:
(in millions) | Level 1 | Level 2 | Level 3 | Net Asset Value (NAV) |
Total | |||||||||||||||
Assets |
||||||||||||||||||||
Bonds |
$ | - | $ | 4 | $ | 1 | $ | - | $ | 5 | ||||||||||
Common stocks unaffiliated |
53 | 88 | 1 | - | 142 | |||||||||||||||
Separate account assets |
109,265 | 2,047 | 58 | 2,720 | 114,090 | |||||||||||||||
Assets at fair value |
$ | 109,318 | $ | 2,139 | $ | 60 | $ | 2,720 | $ | 114,237 |
The following table presents the rollforward of Level 3 assets and liabilities held at fair value during the year ended December 31, 2020:
(in millions) | Bonds | Common stocks |
Derivative assets1 |
Separate account assets |
Assets at fair value |
|||||||||||||||
Balance as of December 31, 2019 |
$ | 6 | $ | 1 | $ | 6 | $ | 87 | $ | 100 | ||||||||||
Net gains (losses): |
||||||||||||||||||||
In operations |
(2) | - | - | - | (2) | |||||||||||||||
In surplus |
5 | - | (1) | (17) | (13) | |||||||||||||||
Purchases |
2 | - | - | - | 2 | |||||||||||||||
Sales |
(9) | - | (5) | (12) | (26) | |||||||||||||||
Transfers into Level 3 |
1 | - | - | - | 1 | |||||||||||||||
Transfers out of Level 3 |
(2) | - | - | - | (2) | |||||||||||||||
Balance as of December 31, 2020 |
$ | 1 | $ | 1 | $ | - | $ | 58 | 60 |
1 | Non-binding broker quotes are utilized to determine fair value of all Level 3 derivative assets. |
Bond transfers into and/or out of Level 3 during the year ended December 31, 2020 are due to the changes in observability of pricing inputs and changes resulting from application of the lower of amortized cost or fair value rules based on the securitys NAIC designation.
F-35
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the carrying value and fair value of the Companys assets and liabilities not held at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described below or in Note 2.
Fair Value | ||||||||||||||||||||
(in millions) | Level 1 | Level 2 | Level 3 | Total fair value |
Carrying value |
|||||||||||||||
December 31, 2021 |
||||||||||||||||||||
Assets: |
||||||||||||||||||||
Bonds1,2,3 |
$ | 2 | $ | 35,874 | $ | 5,358 | $ | 41,234 | $ | 37,923 | ||||||||||
Mortgage loans, net of allowance |
- | - | 8,340 | 8,340 | 8,185 | |||||||||||||||
Policy loans |
- | - | 913 | 913 | 913 | |||||||||||||||
Derivative assets |
- | 101 | 1 | 102 | 64 | |||||||||||||||
Cash, cash equivalents and short-term investments |
127 | 509 | - | 636 | 636 | |||||||||||||||
Securities lending collateral assets |
170 | - | - | 170 | 170 | |||||||||||||||
Separate account assets |
3 | 374 | 3 | 380 | 333 | |||||||||||||||
Total assets |
$ | 302 | $ | 36,858 | $ | 14,615 | $ | 51,775 | $ | 48,224 | ||||||||||
Liabilities: |
||||||||||||||||||||
Investment contracts |
$ | - | $ | - | $ | 2,720 | $ | 2,720 | $ | 2,715 | ||||||||||
Derivative liabilities |
- | 13 | - | 13 | 31 | |||||||||||||||
Total liabilities |
$ | - | $ | 13 | $ | 2,720 | $ | 2,733 | $ | 2,746 | ||||||||||
December 31, 2020 |
||||||||||||||||||||
Assets: |
||||||||||||||||||||
Bonds3 |
$ | 1,366 | $ | 39,072 | $ | 1,367 | $ | 41,805 | $ | 37,202 | ||||||||||
Preferred stocks unaffiliated |
- | 104 | 5 | 109 | 97 | |||||||||||||||
Mortgage loans, net of allowance |
- | - | 7,952 | 7,952 | 7,783 | |||||||||||||||
Policy loans |
- | - | 888 | 888 | 888 | |||||||||||||||
Derivative assets |
- | 75 | - | 75 | 51 | |||||||||||||||
Cash, cash equivalents and short-term investments |
(90 | ) | 551 | - | 461 | 461 | ||||||||||||||
Securities lending collateral assets |
101 | - | - | 101 | 101 | |||||||||||||||
Separate account assets |
7 | 368 | - | 375 | 317 | |||||||||||||||
Total assets |
$ | 1,384 | $ | 40,170 | $ | 10,212 | $ | 51,766 | $ | 46,900 | ||||||||||
Liabilities: |
||||||||||||||||||||
Investment contracts |
$ | - | $ | - | $ | 2,097 | $ | 2,097 | $ | 2,076 | ||||||||||
Derivative liabilities |
- | 48 | - | 48 | 86 | |||||||||||||||
Total liabilities |
$ | - | $ | 48 | $ | 2,097 | $ | 2,145 | $ | 2,162 |
1 | The Company changed pricing services for certain investments in 2021 resulting in the Company applying a practical expedient within SSAP No. 100, Fair Value, that resulted in those investments being classified in Level 2. |
2 | The Company changed to a pricing service for certain investments in 2021. The service incorporates a proprietary input which resulted in these investments being classified in Level 3. |
3 | Level 3 is primarily composed of industrial and miscellaneous bonds. |
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 statutory statements of admitted assets, liabilities, capital and surplus approximates fair value as policy loans are fully collateralized by the cash surrender value of underlying insurance policies.
Securities lending collateral assets. These assets are comprised of bonds and short-term investments and the respective fair values are estimated based on the fair value methods described in Note 2.
F-36
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
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.
(8) | Federal Income Taxes |
The following tables summarize the net admitted deferred tax assets, as of the dates indicated:
December 31, 2021 | ||||||||||||
(in millions) | Ordinary | Capital | Total | |||||||||
Total gross deferred tax assets |
$ | 759 | $ | 30 | $ | 789 | ||||||
Statutory valuation allowance adjustment |
- | - | - | |||||||||
Adjusted gross deferred tax assets |
$ | 759 | $ | 30 | $ | 789 | ||||||
Less: Deferred tax assets nonadmitted |
(71 | ) | (12 | ) | (83) | |||||||
Net admitted deferred tax assets |
$ | 688 | $ | 18 | $ | 706 | ||||||
Less: Deferred tax liabilities |
(81 | ) | (7 | ) | (88) | |||||||
Net admitted deferred tax assets |
$ | 607 | $ | 11 | $ | 618 | ||||||
December 31, 2020 | ||||||||||||
(in millions) | Ordinary | Capital | Total | |||||||||
Total gross deferred tax assets |
$ | 770 | $ | 16 | $ | 786 | ||||||
Statutory valuation allowance adjustment |
- | - | - | |||||||||
Adjusted gross deferred tax assets |
$ | 770 | $ | 16 | $ | 786 | ||||||
Less: Deferred tax assets nonadmitted |
(41 | ) | - | (41) | ||||||||
Net admitted deferred tax assets |
$ | 729 | $ | 16 | $ | 745 | ||||||
Less: Deferred tax liabilities |
(94 | ) | (9 | ) | (103) | |||||||
Net admitted deferred tax assets |
$ | 635 | $ | 7 | $ | 642 |
The following table summarizes components of the change in deferred income taxes reported in capital and surplus before consideration of nonadmitted assets and changes from the prior year, as of the dates indicated:
December 31, | ||||||||||||
(in millions) | 2021 | 2020 | Change | |||||||||
Adjusted gross deferred tax assets |
$ | 789 | $ | 786 | $ | 3 | ||||||
Total deferred tax liabilities |
(88 | ) | (103 | ) | 15 | |||||||
Net deferred tax assets |
$ | 701 | $ | 683 | $ | 18 | ||||||
Less: Tax effect of unrealized gains |
(30 | ) | ||||||||||
Less: Prior period adjustment |
(2 | ) | ||||||||||
Change in deferred income tax |
$ | 50 |
F-37
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following tables summarize components of the admitted deferred tax assets calculation, as of the dates indicated:
December 31, 2021 | ||||||||||||
(in millions) | Ordinary | Capital | Total | |||||||||
Federal income taxes recoverable through loss carryback |
$ | - | $ | 11 | $ | 11 | ||||||
Adjusted gross deferred tax assets expected to be realized1 |
607 | - | 607 | |||||||||
Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities |
81 | 7 | 88 | |||||||||
Admitted deferred tax assets |
$ | 688 | $ | 18 | $ | 706 |
December 31, 2020 | ||||||||||||
(in millions) | Ordinary | Capital | Total | |||||||||
Federal income taxes recoverable through loss carryback |
$ | - | $ | 7 | $ | 7 | ||||||
Adjusted gross deferred tax assets expected to be realized1 |
633 | 2 | 635 | |||||||||
Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities |
96 | 7 | 103 | |||||||||
Admitted deferred tax assets |
$ | 729 | $ | 16 | $ | 745 |
1 | Note that this amount is calculated as the lesser of the adjusted gross deferred tax assets expected to be realized following the balance sheet date or the adjusted gross deferred tax assets allowed per the limitation threshold. For the years ended December 31, 2021 and 2020, the threshold limitation for adjusted capital and surplus was $1.3 billion. |
The adjusted capital and surplus used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was $8.4 billion as of December 31, 2021 and 2020. The ratio percentage used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was 1,125% and 1,176% as of December 31, 2021 and 2020, respectively.
The following tables summarize the impact of tax planning strategies, as of the dates indicated:
December 31, 2021 | ||||||||||||
Ordinary | Capital | Total | ||||||||||
Adjusted gross deferred tax assets |
0.00 | % | 0.00 | % | 0.00 | % | ||||||
Net admitted adjusted gross deferred tax assets |
8.36 | % | 0.00 | % | 8.36 | % | ||||||
December 31, 2020 | ||||||||||||
Ordinary | Capital | Total | ||||||||||
Adjusted gross deferred tax assets |
0.00 | % | 0.00 | % | 0.00 | % | ||||||
Net admitted adjusted gross deferred tax assets |
32.64 | % | 0.00 | % | 32.64 | % |
The Companys tax planning strategies included the use of affiliated reinsurance for the years ended December 31, 2021 and 2020.
There are no temporary differences for which deferred tax liabilities are not recognized for the years ended December 31, 2021 and 2020.
F-38
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the tax effects of temporary differences and the change from the prior year, for the years ended:
December 31, | ||||||||||||
(in millions) | 2021 | 2020 | Change | |||||||||
Deferred tax assets |
||||||||||||
Ordinary: |
||||||||||||
Future policy benefits and claims |
$ | 90 | $ | 108 | $ | (18 | ) | |||||
Investments |
128 | 116 | 12 | |||||||||
Deferred acquisition costs |
214 | 202 | 12 | |||||||||
Policyholders dividends accumulation |
4 | 5 | (1 | ) | ||||||||
Compensation and benefits accrual |
11 | 10 | 1 | |||||||||
Tax credit carry-forward |
299 | 316 | (17 | ) | ||||||||
Other |
13 | 13 | - | |||||||||
Subtotal |
$ | 759 | $ | 770 | $ | (11 | ) | |||||
Nonadmitted |
(71 | ) | (41 | ) | (30 | ) | ||||||
Admitted ordinary deferred tax assets |
$ | 688 | $ | 729 | $ | (41 | ) | |||||
Capital: |
||||||||||||
Investments |
30 | 16 | 14 | |||||||||
Subtotal |
$ | 30 | $ | 16 | $ | 14 | ||||||
Nonadmitted |
(12 | ) | - | (12 | ) | |||||||
Admitted capital deferred tax assets |
$ | 18 | $ | 16 | $ | 2 | ||||||
Admitted deferred tax assets |
$ | 706 | $ | 745 | $ | (39 | ) | |||||
Deferred tax liabilities |
||||||||||||
Ordinary: |
||||||||||||
Investments |
$ | (12 | ) | $ | (2 | ) | $ | (10 | ) | |||
Deferred and uncollected premium |
(6 | ) | (6 | ) | - | |||||||
Future policy benefits and claims |
(38 | ) | (57 | ) | 19 | |||||||
Deferred acquisition costs |
(14 | ) | (28 | ) | 14 | |||||||
Marketing allowance and trail commission |
(10 | ) | - | (10 | ) | |||||||
Other |
(1 | ) | (1 | ) | - | |||||||
Subtotal |
$ | (81 | ) | $ | (94 | ) | $ | 13 | ||||
Capital: |
||||||||||||
Investments |
(7 | ) | (9 | ) | 2 | |||||||
Subtotal |
$ | (7 | ) | $ | (9 | ) | $ | 2 | ||||
Deferred tax liabilities |
$ | (88 | ) | $ | (103 | ) | $ | 15 | ||||
Net deferred tax assets |
$ | 618 | $ | 642 | $ | (24 | ) |
In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion of the total 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 all deferred tax assets. Therefore, no valuation allowances have been established as of December 31, 2021 and 2020.
F-39
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The following table summarizes the Companys income tax incurred and change in deferred income tax. The total income tax and change in deferred income tax differs from the amount obtained by applying the federal statutory rate to income (loss) before tax as follows, for the years ended:
December 31, | ||||||||||||
(in millions) | 2021 | 2020 | 2019 | |||||||||
Current income tax (benefit) expense |
$ | 50 | $ | (22 | ) | $ | (66 | ) | ||||
Change in deferred income tax (without tax on unrealized gains and losses) |
(50 | ) | (41 | ) | 29 | |||||||
Total income tax (benefit) reported |
$ | - | $ | (63 | ) | $ | (37 | ) | ||||
Income before income and capital gains taxes |
$ | 861 | $ | 465 | $ | 563 | ||||||
Federal statutory tax rate |
21 | % | 21 | % | 21 | % | ||||||
Expected income tax expense at statutory tax rate |
$ | 181 | $ | 98 | $ | 118 | ||||||
(Decrease) increase in actual tax reported resulting from: |
||||||||||||
Dividends received deduction |
(137 | ) | (117 | ) | (101 | ) | ||||||
Change in tax reserves |
- | 16 | - | |||||||||
Tax credits |
(47 | ) | (48 | ) | (53 | ) | ||||||
Loss carryback rate differential |
- | (10 | ) | - | ||||||||
Other |
3 | (2 | ) | (1 | ) | |||||||
Total income tax (benefit) reported |
$ | - | $ | (63 | ) | $ | (37 | ) |
The Company incurred $10 million in federal income tax expense in 2021 which is available for recoupment in the event of future net losses.
The following table summarizes operating loss or tax credit carry-forwards available as of December 31, 2021:
(in millions) | Amount | Origination | Expiration | |||||||||
Business credits |
$ | 15 | 2014 | 2034 | ||||||||
Business credits |
$ | 47 | 2015 | 2035 | ||||||||
Business credits |
$ | 62 | 2016 | 2036 | ||||||||
Business credits |
$ | 62 | 2017 | 2037 | ||||||||
Business credits |
$ | 30 | 2018 | 2038 | ||||||||
Business credits |
$ | 27 | 2019 | 2039 | ||||||||
Business credits |
$ | 29 | 2020 | 2040 | ||||||||
Business credits |
$ | 27 | 2021 | 2041 |
F-40
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The Company is included in the NMIC consolidated federal income tax return which includes the following entities:
Nationwide Mutual Insurance Company AGMC Reinsurance, Ltd Allied Group, Inc. Allied Holding (Delaware), Inc. Allied Insurance Company of America Allied Property & Casualty Insurance Company Allied Texas Agency, Inc. AMCO Insurance Company American Marine Underwriters Crestbrook Insurance Company Depositors Insurance Company DVM Insurance Agency, Inc. Eagle Captive Reinsurance, LLC Freedom Specialty Insurance Company Harleysville Group Inc. Harleysville Insurance Co. of New York Harleysville Insurance Company Harleysville Insurance Company of New Jersey Harleysville Lake States Insurance Company Harleysville Life Insurance Company Harleysville Preferred Insurance Company Harleysville Worcester Insurance Company Jefferson National Financial Corporation Jefferson National Securities Corporation Lone Star General Agency, Inc. National Casualty Company Nationwide Advantage Mortgage Company Nationwide Affinity Insurance Company of America Nationwide Agent Risk Purchasing Group. Inc. Nationwide Agribusiness Insurance Company Nationwide Assurance Company Nationwide Cash Management Company |
Nationwide Corporation Nationwide Financial Assignment Company Nationwide Financial General Agency, Inc. Nationwide Financial Services, Inc. Nationwide General Insurance Company Nationwide Indemnity Company Nationwide Insurance Company of America Nationwide Insurance Company of Florida Nationwide Investment Services Corporation Nationwide Life and Annuity Ins. Company Nationwide Life Insurance Company Nationwide Lloyds Nationwide Property & Casualty Ins. Company Nationwide Retirement Solutions, Inc. Nationwide Sales Solutions, Inc. Nationwide Trust Company, FSB NBS Insurance Agency, Inc. NFS Distributors, Inc. Registered Investment Advisors Services, Inc. Retention Alternatives SAC Ltd. Scottsdale Indemnity Company Scottsdale Insurance Company Scottsdale Surplus Lines Insurance Company THI Holdings (Delaware), Inc. Titan Insurance Company Titan Insurance Services, Inc. Veterinary Pet Insurance Company Victoria Fire & Casualty Company Victoria National Insurance Company Victoria Select Insurance Company VPI Services, Inc. |
The method of allocation among the companies is based upon separate return calculations with current benefit for tax losses and credits utilized in the consolidated return.
The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code as of December 31, 2021 and 2020.
The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date.
(9) | Short-Term Debt and Federal Home Loan Bank Funding Agreement |
Short-Term Debt
The Company participated in a commercial paper program with a limit of $750 million, which was terminated in 2021. There were no amounts outstanding under the program as of December 31, 2020.
As of December 31, 2020, the Company had access to borrow up to $300 million from the FHLB to provide financing for operations that expired in March 2021. As of December 31, 2020, the Company had $4.3 billion in eligible collateral and no amounts outstanding under the agreement. In February 2021, the Company terminated this agreement and entered into a new agreement with the FHLB, which expired February 4, 2022, that allowed the Company and NLAIC access to collectively borrow up to $1.1 billion in the aggregate, which would be collateralized by pledged securities. As of December 31, 2021, the Company had $3.6 billion in eligible collateral and no amounts outstanding under the agreement. In February 2022, this agreement was extended through February 3, 2023.
F-41
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
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, 2021 and 2020.
The terms of certain debt instruments contain various restrictive covenants, including, but not limited to, minimum statutory surplus defined in the agreements. The Company was in compliance with all covenants as of December 31, 2021 and 2020.
The amount of interest paid on short-term debt was immaterial in 2021, 2020 and 2019.
Federal Home Loan Bank Funding Agreements
The Company is a member of the FHLB. Through its membership, the FHLB established the Companys capacity for short-term borrowings and cash advances under the funding agreement program at up to 50% of total admitted assets.
The Companys Board of Directors has authorized the issuance of funding agreements up to $4.0 billion to the FHLB, shared between the Company and NLAIC, in exchange for cash advances, which are collateralized by pledged securities. The Company uses these funds in an investment spread strategy, consistent with its other investment spread operations. As such, the Company applies SSAP No. 52, Deposit-Type Contracts, accounting treatment to these funds, consistent with its other deposit-type contracts. It is not part of the Companys strategy to utilize these funds for operations, and any funds obtained from the FHLB for use in general operations would be accounted for consistent with SSAP No. 15, Debt and Holding Company Obligations, as borrowed money. Membership requires the Company to purchase and hold a minimum amount of FHLB capital stock plus additional stock based on outstanding advances. The Company has $25 million and $30 million in membership stock as of December 31, 2021 and 2020, respectively. As part of the agreement, the Company purchased and held an additional $118 million and $58 million in activity stock as of December 31, 2021 and 2020, respectively, which is included in the general account in stocks on the statutory statements of admitted assets, liabilities, capital and surplus. The Companys liability for advances from the FHLB was $2.7 billion and $2.1 billion as of December 31, 2021 and 2020, respectively, which is included in future policy benefits and claims on the statutory statements of admitted assets, liabilities, capital and surplus. The advances were collateralized by bonds and mortgage loans with carrying values of $3.1 billion (1.7 % of total admitted assets) as of December 31, 2021 and $2.4 billion (1.5% of total admitted assets) as of December 31, 2020, which are included in the general account in bonds and mortgage loans on the statutory statements of admitted assets, liabilities, capital and surplus.
(10) | Surplus Notes |
The following table summarizes the carrying value of surplus notes issued by the Company to NFS, as of the dates indicated:
(in millions) | ||||||||||||||||||||||||||||
Date issued | Interest rate |
Par value | Carrying value |
Interest and/ or principal paid in current year |
Total interest and/ or principal paid |
Unapproved interest and/ or principal |
Date of maturity |
|||||||||||||||||||||
December 31, 2021 |
||||||||||||||||||||||||||||
12/19/2001 |
7.50 | % | $ | 300 | $ | 300 | $ | 22 | $ | 450 | $ | - | 12/31/2031 | |||||||||||||||
6/27/2002 |
8.15 | % | 300 | 300 | 25 | 473 | - | 6/27/2032 | ||||||||||||||||||||
12/23/2003 |
6.75 | % | 100 | 100 | 7 | 119 | - | 12/23/2033 | ||||||||||||||||||||
12/20/2019 |
4.21 | % | 400 | 400 | 17 | 34 | - | 12/19/2059 | ||||||||||||||||||||
Total |
$ | 1,100 | $ | 1,100 | $ | 71 | $ | 1,076 | $ | - | ||||||||||||||||||
December 31, 2020 |
||||||||||||||||||||||||||||
12/19/2001 |
7.50 | % | $ | 300 | $ | 300 | $ | 22 | $ | 428 | $ | - | 12/31/2031 | |||||||||||||||
6/27/2002 |
8.15 | % | 300 | 300 | 25 | 448 | - | 6/27/2032 | ||||||||||||||||||||
12/23/2003 |
6.75 | % | 100 | 100 | 7 | 112 | - | 12/23/2033 | ||||||||||||||||||||
12/20/2019 |
4.21 | % | 400 | 400 | 17 | 17 | - | 12/19/2059 | ||||||||||||||||||||
Total |
$ | 1,100 | $ | 1,100 | $ | 71 | $ | 1,005 | $ | - |
The surplus notes were issued in accordance with Section 3901.72 of the Ohio Revised Code. The principal and interest on these surplus notes shall not be a liability or claim against NLIC, or any of its assets, except as provided in Section 3901.72 of the Ohio Revised Code. The Department must approve interest and principal payments before they are paid.
F-42
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(11) | Reinsurance |
The Company has 100% coinsurance agreement with funds withheld with Eagle to cede specified GMDB and GLWB obligations provided under substantially all of the variable annuity contracts and certain fixed indexed annuity contracts issued and to be issued by NLIC. While the GMDB and GLWB contract riders are ceded by NLIC to Eagle, the base annuity contracts and any non-reinsured risks will be retained by NLIC. Amounts ceded to Eagle during 2021, 2020 and 2019 included premiums of $607 million, $627 million and $529 million, respectively, benefits and claims, net of third party reinsurance recoveries of $8 million, $23 million, and $17 million respectively, net investment earnings on funds withheld assets of $40 million, $49 million and $33 million, respectively, and an expense allowance for third party reinsurance premiums of $1 million, $1 million and $1 million, respectively. As of December 31, 2021 and 2020, the carrying value of the funds withheld assets recorded within funds held under coinsurance was $1.1 billion and $965 million, respectively, which consists of bonds and cash equivalents that had a carrying value of $954 million and $856 million, respectively, and mortgage loans that had a carrying value of $98 million and $108 million, respectively. As of December 31, 2021 and 2020, the Companys reserve credit for guaranteed benefits ceded under the reinsurance agreements was $50 million and $65 million, respectively. Amounts payable to Eagle related to the reinsurance agreements were $204 million and $402 million as of as of December 31, 2021 and December 31, 2020, respectively.
The Company has a reinsurance agreement with NMIC whereby nearly all of the Companys 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 the Companys agreement, the investment risk associated with changes in interest rates is borne by the reinsurer. Risk of asset default is retained by the Company, although a fee is paid to the Company for the retention of such risk. The ceding of risk does not discharge the Company, as the original insurer, from its primary obligation to the policyholder. Amounts ceded to NMIC include revenues of $281 million, $281 million and $279 million for the years ended December 31, 2021, 2020 and 2019, respectively, while benefits, claims and expenses ceded were $257 million, $260 million and $273 million, respectively.
The Company has an intercompany reinsurance agreement with NLAIC whereby certain inforce and subsequently issued fixed individual deferred annuity contracts are assumed on a modified coinsurance basis. Under modified coinsurance agreements, the ceding company retains invested assets and investment earnings are paid to the reinsurer. Under terms of the agreement, the Company bears the investment risk associated with changes in interest rates. Risk of asset default remains with NLAIC, and the Company pays a fee to NLAIC for the retention of such risk. The agreement will remain inforce until all contract obligations are settled. The ceding of risk does not discharge the original insurer from its primary obligation to the contractholder. Amounts assumed from NLAIC are included in the Companys statutory statement of operations for 2021, 2020 and 2019 and include premiums of $10 million, $12 million and $14 million, respectively, net investment income of $42 million, $46 million and $49 million, respectively, and benefits, claims and other expenses of $147 million, $171 million and $251 million, respectively. The reserve adjustment for 2021, 2020 and 2019 of $(151) million, $(172) million and $(246) million, respectively, represents changes in reserves related to this fixed block of business, offset by investment earnings on the underlying assets. Policy reserves under this agreement totaled $985 million and $1.1 billion as of December 31, 2021 and 2020, respectively, and amounts payable related to this agreement were $8 million for the years ended December 31, 2021 and 2020.
The Company has an intercompany reinsurance agreement with NLAIC whereby certain variable universal life insurance, whole life insurance and universal life insurance policies are assumed on a modified coinsurance basis. Total policy reserves under this treaty were $35 million and $37 million as of December 31, 2021 and 2020, respectively. Total premiums assumed under this treaty were $12 million, $8 million and $11 million during 2021, 2020 and 2019, respectively.
The Company has an intercompany reinsurance agreement with NLAIC whereby a certain life insurance contract is assumed on a 100% coinsurance basis. Policy reserves assumed under this agreement totaled $155 million and $158 million as of December 31, 2021 and 2020, respectively.
The Company has entered into reinsurance contracts to cede a portion of its individual annuity and life insurance business to unrelated reinsurers. Total reserve credits taken as of December 31, 2021 and 2020 were $382 million and $420 million, respectively. The three largest contracts are with Security Benefit Life Insurance Company (SBL), SCOR Global Life Americas Reinsurance (SGLAR), and Security Life of Denver Insurance Company (SLD) as of December 31, 2021. Total reserve credits taken on these contracts as of December 31, 2021 and 2020 totaled $96 million and $100 million for each year, from SBL, $32 million and $44 million, respectively, from SGLAR and $29 million and $36 million, respectively, from SLD. The ceding of risk does not relieve the Company, as the original insurer, from its primary obligation to the policyholder. Under the terms of the contracts, SBL has established a trust as collateral for the recoveries, whereby the trust assets are invested in investment grade securities, the fair value of which must at all times be greater or equal to 100% of the reinsured reserves.
F-43
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(12) | Transactions with Affiliates |
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, office space cost sharing arrangements, and agreements related to reinsurance, cost sharing, tax sharing, administrative services, marketing, intercompany loans, intercompany repurchases, cash management services and software licensing. In addition, several benefit plans sponsored by NMIC are available to Nationwide employees, for which the Company has no legal obligations. Measures used to determine the allocation among companies includes individual employee estimates of time spent, special cost studies, the number of full-time employees 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 pursuant to the Enterprise Cost Sharing Agreement. For the years ended December 31, 2021, 2020 and 2019, the Company was allocated costs from NMIC and NSC totaling $288 million, $281 million and $220 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 $3.8 billion, $3.7 billion and $3.5 billion as of December 31, 2021, 2020 and 2019, respectively. Total revenues from these contracts were $121 million, $122 million and $120 million for the years ended December 31, 2021, 2020 and 2019, respectively, and include policy charges, net investment income from investments backing the contracts and administrative fees. Total interest credited to the account balances were $113 million, $115 million and $112 million for the years ended December 31, 2021, 2020 and 2019, respectively.
The Company may underwrite insurance policies for its officers, directors, and/or other personnel providing services to the Company. The Company may offer discounts on certain products that are subject to applicable state insurance laws and approvals.
Under the enterprise cost sharing agreement, the Company has a cost sharing arrangement with NMIC to occupy office space. For the years ended December 31, 2021, 2020 and 2019, the Company was allocated costs from NMIC of $12 million, $13 million and $11 million, respectively.
The Company receives an annual fee payable from the Tax Credit Funds, for which it is a guarantor and Managing Member, for its services in connection with the oversight of the performance of the Investee Partnerships and the compliance by their managing members and managing agents thereof with the provisions of the various operating level agreements and applicable laws. The Company earned $3 million, $2 million, and $2 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Funds of Nationwide Funds Group (NFG), a group of Nationwide businesses that develops, sells and services mutual funds, are offered to the Companys customers as investment options in certain of the Companys products. As of December 31, 2021, 2020 and 2019, customer allocations to NFG funds totaled $76.8 billion, $69.2 billion and $66.8 billion, respectively. For the years ended December 31, 2021, 2020 and 2019, NFG paid the Company $265 million, $229 million and $227 million, respectively, for the distribution and servicing of these funds.
Amounts on deposit with NCMC for the benefit of the Company were $509 million and $551 million as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, amounts on deposit with NCMC were comprised of $483 million and $547 million, respectively, of cash equivalents, with remaining amounts in short-term investments.
Certain annuity products are sold through affiliated companies, which are also subsidiaries of NFS. Total commissions and fees paid to these affiliates for the years ended December 31, 2021, 2020 and 2019 was $74 million, $69 million and $71 million, respectively.
The Company provides financing to Nationwide Realty Investors, LTD, a subsidiary of NMIC with interest rates ranging from 3.3% to 5.0% and maturity dates ranging from January 2022 to July 2041. As of December 31, 2021 and 2020, the Company had mortgage loans outstanding of $358 million and $414 million, respectively.
The Company also participates in intercompany repurchase agreements with affiliates whereby the seller transfers securities to the buyer at a stated value. Upon demand or after a stated period, the seller repurchases the securities from the buyer at the original sales price plus interest. As of December 31, 2021 and 2020, the Company had no outstanding borrowings from affiliated entities under such agreements. During 2021 and 2020, there were no outstanding borrowings from affiliated entities at any given time. The amount the Company incurred for interest expense on intercompany repurchase agreements during 2021, 2020 and 2019 were immaterial.
During 2019, the Company received capital contributions of $600 million from NFS. In March 2022, the Company received a capital contribution of $50 million from NFS.
F-44
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
During 2020, the Company sold securities of $59 million to Nationwide Mutual Fire Insurance Company for cash, which resulted in a realized loss of $2 million.
During 2021, 2020 and 2019, the Company paid capital contributions of $400 million, $500 million and $400 million, respectively, to NLAIC. During 2022, the Company paid additional capital contributions totaling $100 million to NLAIC through the subsequent event date.
The company has an unsecured promissory note and revolving line of credit with JNLNY whereby JNLNY can borrow up to $5 million. No amounts have been drawn on the note as of December 31, 2021 or through the subsequent event date.
Pursuant to financial support agreements, the Company has agreed to provide NLAIC and JNLIC with the minimum capital and surplus required by each state in which NLAIC and JNLIC does business. These agreements do not constitute the Company as guarantor of any obligation or indebtedness of NLAIC or JNLIC or provide any creditor of NLAIC or JNLIC with recourse to or against any of the assets of the Company.
Eagles surplus position is evaluated quarterly to determine if an additional surplus contribution is required from the Company or if a distribution to the Company can be declared as of each quarter end.
During 2020, the Company made surplus contributions to Eagle. On March 31, 2020 and April 17, 2020, the Company made surplus contributions to Eagle of $555 million and $50 million, respectively.
During 2021 and 2020 Eagle declared distributions to the Company based on their earned surplus position. On February 10, 2022, the Company received a dividend distribution of $168 million that was declared on December 31, 2021. The dividend receivable was recorded in accrued investment income as of December 31, 2021. On November 10, 2021, the Company received a dividend distribution of $45 million that was declared on September 30, 2021. On August 10, 2021, the Company received a dividend distribution of $20 million that was declared on June 30, 2021. On May 10, 2021, the Company received a dividend distribution of $191 million that was declared on March 31, 2021. On February 10, 2021, the Company received a dividend distribution of $292 million from Eagle that was declared on December 31, 2020. The dividend receivable was recorded in accrued investment income as of December 31, 2020. On November 10, 2020 the Company received a total distribution of $267 million from Eagle that was declared on September 30, 2020 and consisted of a return of contributed surplus of $184 million and a dividend of $83 million. On August 10, 2020 the Company received a return of contributed surplus distribution of $421 million from Eagle that was declared on June 30, 2020.
On December 22, 2021, the Company and NLAIC entered into a short-term loan where NLAIC borrowed $80 million from the Company. NLAIC repaid the short-term loan in full on January 4, 2022.
In March 2022, the Company executed a $850 million unsecured promissory note and revolving line of credit agreement with Nationwide SBL, LLC, an affiliate, at an interest rate of 1-month LIBOR plus 1.25% with a maturity date of March 1, 2023.
The Company utilizes the look-through approach in valuing its investment in Nationwide Real Estate Investors (NLIC), LLC (NW REI (NLIC)), a subsidiary of NMIC, at $71 million and $90 million as of December 31, 2021 and 2020, respectively. NW REI (NLIC)s financial statements are not audited and the Company has limited the value of its investment in NW REI (NLIC) to the value contained in the audited statutory financial statements of the underlying investments. All liabilities, commitments, contingencies, guarantees or obligations of the NW REI (NLIC), which are required under applicable accounting guidance, are reflected in the Companys determination of the carrying value of the investment in NW REI (NLIC), if not already recorded in the financial statements of NW REI (NLIC).
F-45
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
(13) | Contingencies |
Legal and Regulatory Matters
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Companys financial condition.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.
Guarantees
In accordance with SSAP No. 5R, Liabilities, Contingencies and Impairments of Assets, for all guarantees made to or on behalf of wholly-owned subsidiaries, no initial liability recognition has been made and there is no net financial statement impact related to these guarantees.
The contractual obligations under NLAICs single premium deferred annuity (SPDA) contracts in force and issued before September 1, 1988 are guaranteed by the Company. Total SPDA contracts affected by this guarantee in force as of December 31, 2021 and 2020 were approximately $7 million and $8 million, respectively.
The Company has guaranteed the obligations and liabilities of NISC, including, without limitation, the full and prompt payment of all accounts payable to any party now or in the future. If for any reason NISC fails to satisfy any of its obligations, the Company will cause such obligation, loss or liability to be fully satisfied.
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.
(14) | Regulatory Risk-Based Capital, Dividend Restrictions and Unassigned Surplus |
The 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 the Company is 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. The Company exceeded the minimum RBC requirements for all periods presented.
The State of Ohio insurance laws require insurers to seek prior regulatory approval to pay a dividend or distribution of 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 (i) 10% of statutory-basis capital and surplus as of the prior December 31 or (ii) the statutory-basis net income of the insurer for the prior year. In March 2021, the Company paid an ordinary dividend of $550 million to NFS. No dividends were paid by the Company to NFS for the years ended December 31, 2020 and 2019. The Companys statutory capital and surplus as of December 31, 2021, was $9.1 billion and statutory net income for 2021 was $811 million. As of January 1, 2022, the Company has the ability to pay dividends to NFS totaling $359 million without obtaining prior approval.
F-46
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2021, 2020 and 2019 Statutory Financial Statements
The State of Ohio insurance laws also require insurers to seek prior regulatory approval for any dividend paid from other than earned capital and 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.
F-47
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Schedule I Summary of Investments Other Than Investments in Related Parties
As of December 31, 2021:
(in millions) | Column A | Column B | Column C | Column D | ||||||||||
Type of investment | Cost | Fair value | Amount at which shown in the assets, liabilities, |
|||||||||||
Bonds: |
||||||||||||||
U.S. Treasury securities and obligations of U.S. government corporations |
$ | 2 | $ | 2 | $ | 2 | ||||||||
U.S. government and agencies |
117 | 139 | 117 | |||||||||||
Obligations of states and political subdivisions |
3,506 | 4,089 | 3,506 | |||||||||||
Foreign governments |
197 | 200 | 197 | |||||||||||
Public utilities |
3,722 | 4,037 | 3,715 | |||||||||||
All other corporate, mortgage-backed and asset-backed securities |
30,420 | 32,776 | 30,394 | |||||||||||
Total fixed maturity securities |
$ | 37,964 | $ | 41,243 | $ | 37,931 | ||||||||
Equity securities: |
||||||||||||||
Common Stocks: |
||||||||||||||
Banks, trust and insurance companies |
56 | 59 | 59 | |||||||||||
Industrial, miscellaneous and all other |
168 | 167 | 167 | |||||||||||
Nonredeemable preferred stocks |
45 | 50 | 50 | |||||||||||
Total equity securities1 |
$ | 269 | $ | 276 | $ | 276 | ||||||||
Mortgage loans2 |
8,229 | 8,185 | ||||||||||||
Short-term investments |
636 | 636 | ||||||||||||
Policy loans |
914 | 913 | ||||||||||||
Other long-term investments3 |
1,323 | 1,324 | ||||||||||||
Total invested assets |
$ | 49,335 | $ | 49,265 |
1 | Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $2.7 billion are excluded. |
2 | Difference from Column B is attributable to valuation allowances on mortgage loans (see Note 5 to the audited statutory financial statements). |
3 | Includes derivatives, securities lending reinvested collateral assets and other invested assets. Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $134 million are excluded. |
See accompanying notes to statutory financial statements and report of independent registered public accounting firm.
F-48
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Schedule III Supplementary Insurance Information
As of December 31, 2021, 2020 and 2019 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 costs1 |
Future policy benefits, losses, claims and loss expenses |
Unearned premiums2 |
Other policy and benefits |
Premium revenue |
|||||||||||||||
2021 |
||||||||||||||||||||
Life Insurance |
$ | 5,306 | $ | 425 | ||||||||||||||||
Annuities |
8,026 | 6,686 | ||||||||||||||||||
Retirement Solutions |
22,446 | 4,377 | ||||||||||||||||||
Corporate Solutions and Other |
6,721 | 1,176 | ||||||||||||||||||
|
|
|
|
|
||||||||||||||||
Total |
$ | 42,499 | $ | 12,664 | ||||||||||||||||
|
|
|
|
|
||||||||||||||||
2020 |
||||||||||||||||||||
Life Insurance |
$ | 5,204 | $ | 394 | ||||||||||||||||
Annuities |
7,837 | 3,443 | ||||||||||||||||||
Retirement Solutions |
22,362 | 5,939 | ||||||||||||||||||
Corporate Solutions and Other |
5,599 | 861 | ||||||||||||||||||
|
|
|
|
|
||||||||||||||||
Total |
$ | 41,002 | $ | 10,637 | ||||||||||||||||
|
|
|
|
|
||||||||||||||||
2019 |
||||||||||||||||||||
Life Insurance |
$ | 5,125 | $ | 413 | ||||||||||||||||
Annuities |
7,955 | 4,202 | ||||||||||||||||||
Retirement Solutions |
20,781 | 4,324 | ||||||||||||||||||
Corporate Solutions and Other |
5,278 | 1,229 | ||||||||||||||||||
|
|
|
|
|
||||||||||||||||
Total |
$ | 39,139 | $ | 10,168 | ||||||||||||||||
|
|
|
|
|
Column A | Column G | Column H | Column I | Column J | Column K | |||||||||||||||
Year: Segment | Net investment income3 |
Benefits, claims, losses and settlement expenses4 |
Amortization of deferred policy acquisition costs1 |
Other operating expenses |
Premiums written |
|||||||||||||||
2021 |
||||||||||||||||||||
Life Insurance |
$ | 254 | $ | 311 | $ | 107 | ||||||||||||||
Annuities |
337 | 9,489 | 41 | |||||||||||||||||
Retirement Solutions |
861 | 6,895 | 122 | |||||||||||||||||
Corporate Solutions and Other |
779 | 1,304 | 169 | |||||||||||||||||
|
|
|
||||||||||||||||||
Total |
$ | 2,231 | $ | 17,999 | $ | 439 | ||||||||||||||
|
|
|
||||||||||||||||||
2020 |
||||||||||||||||||||
Life Insurance |
$ | 247 | $ | 772 | $ | 123 | ||||||||||||||
Annuities |
338 | 7,539 | 55 | |||||||||||||||||
Retirement Solutions |
843 | 8,258 | 131 | |||||||||||||||||
Corporate Solutions and Other |
679 | 717 | 135 | |||||||||||||||||
|
|
|
||||||||||||||||||
Total |
$ | 2,107 | $ | 17,286 | $ | 444 | ||||||||||||||
|
|
|
||||||||||||||||||
2019 |
||||||||||||||||||||
Life Insurance |
$ | 262 | $ | 807 | $ | 133 | ||||||||||||||
Annuities |
319 | 8,460 | 57 | |||||||||||||||||
Retirement Solutions |
824 | 6,539 | 122 | |||||||||||||||||
Corporate Solutions and Other |
569 | 1,151 | 105 | |||||||||||||||||
|
|
|
||||||||||||||||||
Total |
$ | 1,974 | $ | 16,957 | $ | 417 | ||||||||||||||
|
|
|
1 | Deferred policy acquisition costs and amortization of deferred policy acquisition costs are not applicable for statutory basis of accounting. |
2 | Unearned premiums and other policy claims and benefits payable are included in Column C amounts. |
3 | 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. |
4 | Benefits to policyholders and beneficiaries, reserves for future policy benefits and claims and commissions are included in Column H amounts. |
See accompanying notes to statutory financial statements and report of independent registered public accounting firm.
F-49
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
As of December 31, 2021, 2020 and 2019 and each of the years then ended:
(in millions) | ||||||||||||||||
Column A | Column B | Column C | Column D | Column E | ||||||||||||
Ceded to | Assumed | |||||||||||||||
Gross | other | from other | Net | |||||||||||||
amount | companies | companies | amount | |||||||||||||
2021 |
||||||||||||||||
Life insurance in force |
$ | 144,115 | $ | (29,120 | ) | $ | 653 | $ | 115,648 | |||||||
Premiums: |
||||||||||||||||
Life Insurance1 |
$ | 1,624 | $ | (140 | ) | $ | 12 | $ | 1,496 | |||||||
Accident and health insurance |
445 | (444 | ) | 1 | ||||||||||||
Total |
$ | 2,069 | $ | (584 | ) | $ | 12 | $ | 1,497 | |||||||
2020 |
||||||||||||||||
Life insurance in force |
$ | 146,855 | $ | (31,055 | ) | $ | 686 | $ | 116,486 | |||||||
Premiums: |
||||||||||||||||
Life Insurance1 |
$ | 1,378 | $ | (133 | ) | $ | 8 | $ | 1,253 | |||||||
Accident and health insurance |
441 | (440 | ) | - | 1 | |||||||||||
Total |
$ | 1,819 | $ | (573 | ) | $ | 8 | $ | 1,254 | |||||||
2019 |
||||||||||||||||
Life insurance in force |
$ | 146,044 | $ | (31,691 | ) | $ | 728 | $ | 115,081 | |||||||
Premiums: |
||||||||||||||||
Life Insurance1 |
$ | 1,761 | $ | (661 | ) | $ | 10 | $ | 1,110 | |||||||
Accident and health insurance |
444 | (445 | ) | 2 | 1 | |||||||||||
Total |
$ | 2,205 | $ | (1,106 | ) | $ | 12 | $ | 1,111 |
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 statutory financial statements and report of independent registered public accounting firm.
F-50
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Schedule V Valuation and Qualifying Accounts
Years ended December 31, 2021, 2020 and 2019:
(in millions) | ||||||||||||||||
Column A | Column B | Column C | Column D | Column E | ||||||||||||
Balance at | Charged to | Balance at | ||||||||||||||
beginning | costs and | end of | ||||||||||||||
Description | of period | expenses | Deductions1 | period | ||||||||||||
2021 |
||||||||||||||||
Valuation allowances - mortgage loans |
$ | 48 | $ | (4 | ) | $ | (1 | ) | $ | 43 | ||||||
2020 |
||||||||||||||||
Valuation allowances - mortgage loans |
$ | 34 | $ | 14 | $ | - | $ | 48 | ||||||||
2019 |
||||||||||||||||
Valuation allowances - mortgage loans |
$ | 25 | $ | 9 | $ | - | $ | 34 |
1 | Amounts generally represent recoveries, payoffs and sales. |
See accompanying notes to statutory financial statements and report of independent registered public accounting firm.
F-51
g) | Not Applicable. |
h) | Form of Participation Agreements – |
i) | Form of Administrative Contracts – |
j) | Not Applicable. |
k) | Opinion of Counsel – Filed previously with Pre-Effective Amendment No. 1 to the registration statement (333-31725) and hereby incorporated by reference. |
l) | Not Applicable. |
m) | Not Applicable. |
n) | Consent of Independent Registered Public Accounting Firm – Attached hereto. |
o) | Not Applicable. |
p) | Not Applicable. |
q) | Redeemability Exemption – Filed previously with registration statement (333-31725) on December 21, 2009 under document "exhibit_26q.htm" and is hereby incorporated by reference. |
r) | Not Applicable. |
99) | Power of Attorney – Attached hereto. |
President and Chief Operating Officer and Director | Carter, John L. |
Executive Vice President-Chief Human Resources Officer | Clements, Vinita J. |
Executive Vice President-Chief Information Officer | Fowler, James R. |
Executive Vice President and Director | Frommeyer, Timothy G. |
Senior Vice President-NF Strategic Customer Solutions | Ambrozy, Tina S. |
Senior Vice President-Marketing Management - Financial Services | Bair, Ann S. |
Senior Vice President-Head of Taxation | Biesecker, Pamela A. |
Senior Vice President-Chief Investment Officer | Coleman, Joel L. |
Senior Vice President-Chief Compliance Officer | Dankovic, Rae Ann |
Senior Vice President-External Affairs | English, Steven M. |
Senior Vice President-Chief Financial Officer - Nationwide Financial and Director | Ginnan, Steven A. |
Senior Vice President-Annuity Distribution | Guymon, Rona |
Senior Vice President-Nationwide Annuity and Director | Henderson, Eric S. |
Senior Vice President and Treasurer | LaPaul, David |
Senior Vice President-IT Chief Financial Officer, Procurement & BTO | O'Brien, Kevin G. |
Senior Vice President-Corporate Solutions | Perez, Juan J. |
Senior Vice President-Retirement Solutions Sales | Hawley, Craig A. |
Senior Vice President-Chief Technology Officer - Nationwide Financial | Richardson, Michael A. |
Senior Vice President-Nationwide Retirement Institute | Rodriguez, Kristi L. |
Senior Vice President-Finance & Strategy Legal and Corporate Secretary | Skingle, Denise L. |
Senior Vice President-Nationwide Life and Director | Snyder, Holly R. |
Senior Vice President-Investment Management Group | Spangler, Michael S. |
Senior Vice President-Retirement Solutions | Stevenson, Eric |
Director | Walker, Kirt A. |
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 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. |
Nationwide Securities, LLC | Delaware | The company is a general purpose broker-dealer and investment adviser registered with the Securities and Exchange Commission. |
Nationwide Trust Company, FSB | Federal | This is a federal savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury 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 |
525 Cleveland Avenue, LLC | Ohio | This is a limited liability company organized under the laws of the State of Ohio. The company was formed to provide remedial real property cleanup prior to sale. |
Nationwide Life Insurance Company 2 | Ohio | The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products. |
Jefferson National Financial Corporation3 | Delaware | A stock corporation. The corporation is the holding company of Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Jefferson National Securities Corporation, and JNF Advisors, Inc., offering annuity products and services. |
Jefferson National Life Insurance Company2,3 | Texas | The company provides life, health and annuity products. |
Jefferson National Life Annuity Company C2,3 | A separate account issuing variable annuity products. | |
Jefferson National Life Annuity Account E2,3 | A separate account issuing variable annuity products. | |
Jefferson National Life Annuity Account F2,3 | A separate account issuing variable annuity products. | |
Jefferson National Life Annuity Account G2,3 | A separate account issuing variable annuity products. |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Jefferson National Life Insurance Company of New York2,3 | New York | The company provides variable annuity products. |
Jefferson National Life of New York Annuity Account 12,3 | A separate account issuing variable annuity products. | |
Jefferson National Securities Corporation3 | Delaware | The company is a limited purpose broker-dealer and distributor of variable annuities for Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York. |
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. |
Nationwide Variable Account-142,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-152,3 | 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. |
Eagle Captive Reinsurance, LLC3 | Ohio | The company is engaged in the business of insurance |
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. |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Provident VA Separate Account A2,3 | Delaware | A separate account issuing variable annuity contracts. |
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. |
Nationwide SBL, LLC | Ohio | The company is a lender offering securities-back lines of credit. |
Registered Investment Advisors Services, Inc. | Texas | The company is a technology company that facilitates third-party money management services for registered investment advisors |
Nationwide Fund Advisors4 | 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-C |
Nationwide Variable Account-9 | Nationwide VL Separate Account-D |
Nationwide Variable Account-10 | Nationwide VL Separate Account-G |
Nationwide Variable Account-11 | Nationwide Provident VA Separate Account 1 |
Nationwide Variable Account-12 | Nationwide Provident VA Separate Account A |
Nationwide Variable Account-13 | Nationwide Provident VLI Separate Account 1 |
Nationwide Variable Account-14 | Nationwide Provident VLI Separate Account A |
Nationwide Variable Account-15 | |
Nationwide VA Separate Account-A | |
Nationwide VA Separate Account-B |
b) | Directors and Officers of NISC: |
President and Director | Ambrozy, Tina S. |
Senior Vice President-Head of Taxation | Biesecker, Pamela A. |
Senior Vice President and Secretary | Skingle, Denise L. |
Vice President-Tax | Eppley, Daniel P. |
Vice President and Assistant Secretary | Garman, David A. |
Vice President-Chief Compliance Officer | Rabenstine, James J. |
Vice President-CFO – Life Insurance | Wild, Keith D. |
Associate Vice President and Assistant Treasurer | Conner, David A. |
Associate Vice President and Assistant Treasurer | Hacker, Hope C. |
Associate Vice President and Assistant Treasurer | Reese, John A. |
Associate Vice President and Treasurer | Roswell, Ewan T. |
Assistant Secretary | Bowman, Heidi |
Assistant Secretary | Dokko, David |
Assistant Secretary | Hartman, Mark E. |
Assistant Secretary | Hinze, Keith W. |
Director | Henderson, Eric S. |
Director | Stevenson, Eric |
Name of Principal Underwriter | Net
Underwriting Discounts |
Compensation
on Redemption |
Brokerage
Commissions |
Other
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 |
JOHN L. CARTER | |
John L. Carter, President and Chief Operating Officer and Director | |
HOLLY R. SNYDER | |
Holly R. Snyder, Senior 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-Nationwide Annuity and Director | |
STEVEN A. GINNAN | |
Steven A. Ginnan, Senior Vice President-Chief Financial Officer-Nationwide Financial and Director | |
KIRT A. WALKER | |
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 (811-02662) | 002-73432 | |
Nationwide Multi-Flex Variable Account (811-03338) | 033-23905, 002-75174 | |
Nationwide Variable Account (811-02716) | 002-58043, 333-80481, 033-60239, 333-176908 | |
Nationwide Variable Account-II (811-03330) | 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, 3333-177441, 333-177729, 333-177731, 333-173349, 333-177938, 333-182494, 333-235382, 333-235383, 333-258296 | |
Nationwide Variable Account-3 (811-05405) | 033-18422, 033-24434 | |
Nationwide Variable Account-4 (811-05701) | 033-25734, 033-26454, 333-62692, 333-135650, 333-140812, 333-201820, 333-240010, 333-240009 | |
Nationwide Variable Account-5 (811-08142) | 033-71440 | |
Nationwide Variable Account-6 (811-08684) | 033-82370, 333-21909 | |
Nationwide Variable Account-7 (811-08666) | 033-82190, 033-82174, 033-89560 | |
Nationwide Variable Account-8 (811-07357) | 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 Variable Account-15 (811-23386) | 333-227783, 333-227780 | |
Nationwide VA Separate Account-A (811-05606) | 033-85164, 033-22940 | |
Nationwide VA Separate Account-B (811-06399) | 033-86408, 033-93482, 333-11415 | |
Nationwide VA Separate Account-C (811-07908) | 033-66496, 333-44485 | |
Nationwide VA Separate Account-D (811-10139) | 333-45976 | |
Nationwide VLI Separate Account (811-04399) | 033-00145, 033-44290, 033-35698 | |
Nationwide VLI Separate Account-2 (811-05311) | 033-16999, 033-62795, 033-42180, 033-35783, 033-63179, 333-27133 | |
Nationwide VLI Separate Account-3 (811-06140) | 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, 333-229640 | |
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, 333-258039, 333-258035 | |
Nationwide VL Separate Account-A (811-06137) | 033-44792, 033-44300, 033-35775, 333-27123, 333-22677 | |
Nationwide VL Separate Account-B (811-07819) | 333-12333 | |
Nationwide VL Separate Account-C (811-08351) | 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, 333-215169, 333-215173, 333-223705, 333-253123 | |
Nationwide Provident VA Separate Account 1 (811-07708) | 333-164127, 333-164125, 333-164126, 333-164124 | |
Nationwide Provident VLI Separate Account 1 (811-04460) | 333-164180, 333-164117, 333-164178, 333-164179, 333-164119, 333-164120, 333-164115, 333-164118, 333-164116 | |
Nationwide Provident VA Separate Account A (811-06484) | 333-164131, 333-164130, 333-164132, 333-164129, 333-164128 | |
Nationwide Provident VLI Separate Account A (811-08722) | 333-164188, 333-164123, 333-164185, 333-164122, 333-164121 |
General Account Products | ||
Insurance Company | 1933 Act File Nos. | |
Nationwide Life Insurance Company | 333-149613, 333-160418, 333-229802, 333-237472, 333-237471, 333-254817, 333-255535, Defined Protection Annuity (33 Act No. TBD) | |
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/ Steven A. Ginnan | /s/ Holly R. Snyder | |
STEVEN A. GINNAN, Director | HOLLY R. SNYDER, Director | |
/s/ Kirt A. Walker | /s/ John L. Carter | |
KIRT A. WALKER, Director | JOHN L. CARTER, Director |
9
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