NATIONWIDE VL

SEPARATE

ACCOUNT-C

Annual Report

To

Policyholders

December 31, 2020

NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life and Annuity Insurance Company and

Contract Owners of Nationwide VL Separate Account-C:

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 VL Separate Account-C (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 8 (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 indicated in Note 8, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Separate Account’s 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, 2020, by correspondence with the transfer agent of the underlying mutual funds. 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 2, 2021

Appendix

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, 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 Growth and Income Portfolio: Class A (ALVGIA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class A (ALVIVA)

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) ⁽¹⁾

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) - Growth Fund: Class 2 (AMVGR2)

American Funds Insurance Series(R) - International Fund: Class 2 (AMVI2)

AMUNDI PIONEER

Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)

BLACKROCK FUNDS

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 Stock Index Fund, Inc.: Initial Shares (DSIF)

BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)

BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)

2

CALVERT GROUP

Calvert VP S&P 500 Index Portfolio (CVSPIP)

FEDERATED HERMES, INC.

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB) ⁽¹⁾

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 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 Mid Cap Portfolio: Service Class (FMCS)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS)

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)

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 Mid Cap Value Fund: Institutional Shares (GVMCE)

INVESCO INVESTMENTS

Invesco - Invesco V.I. International Growth Fund: Series I Shares (AVIE)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)

Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)

Invesco Oppenheimer V.I. Capital Appreciation Fund: Series I (OVGR)

Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)

3

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)

Ivy Variable Insurance Portfolios - Securian Real Estate Securities: Class II (WRRESP)

J.P. MORGAN INVESTMENT MANAGEMENT INC.

JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS) ⁽¹⁾

Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS) ⁽¹⁾

Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS) ⁽¹⁾

Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS) ⁽¹⁾

LAZARD FUNDS

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)

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)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES)

MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

MORGAN STANLEY

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)

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)

4

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - BlackRock NVIT 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 Investor Destinations Moderate Fund: Class II (GVIDM)

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)

Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1) ⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I (NVOLG1) ⁽¹⁾

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) ⁽¹⁾

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)

5

PIMCO FUNDS

PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA)

PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)

PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA)

PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)

PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA)

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 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 New America Growth Portfolio (TRNAG1)

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)

VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)

WELLS FARGO FUNDS

Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)

Statement of changes in contract owners’ equity for the period from January 1, 2019 to April 30, 2019 (liquidation).

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Guardian Portfolio: I Class Shares (AMGP)

Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, 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, 2020 and the period from April 30, 2019 (inception) to December 31, 2019.

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)

6

Statement of operations for the period from January 1, 2020 to December 23, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to December 23, 2020 (liquidation) and the year ended December 31, 2019.

BNY MELLON INVESTMENT MANAGEMENT

BNY Mellon Variable Investment Fund - International Value Portfolio: Initial Shares (DVIV)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for 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)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, 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, 2020 and the period from April 2, 2019 (inception) to December 31, 2019.

PIMCO FUNDS

PIMCO VIT High Yield - Admin (PMVHYA)

Statement of operations for the period from January 1, 2020 to September 11, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to September 11, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020 and the related statements of changes in contract owners’ equity for each of the years in the two-year period then ended.

DELAWARE FUNDS BY MACQUARIE

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS) ⁽¹⁾

LEGG MASON

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)

LORD ABBETT FUNDS

Lord Abbett Series Fund, Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)

Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)

7

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)

⁽¹⁾  See Note 1 to the financial statements for the former name of the sub-account.

8

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

Subaccount*,**,***	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
ALVGIA		678	$	20,170	$	19,641	$	-	$	19,641	$	-	$	19,641
ALVIVA		8,102		105,143		117,068		-		117,068		1		117,067
ACVCA		8		109		151		18		169		-		169
ACVI		97		816		1,365		-		1,365		-		1,365
ACVIG		51,831		475,433		532,827		1		532,828		-		532,828
ACVMV1		7,851		141,155		161,262		-		161,262		3		161,259
ACVU1		1,288		24,191		35,397		10		35,407		-		35,407
ACVV		6,131		57,361		68,485		15		68,500		-		68,500
AMVGR2		12,905		962,542		1,537,886		25		1,537,911		-		1,537,911
AMVI2		3,645		74,236		85,804		-		85,804		6		85,798
PIHYB1		1,361		11,998		12,654		9		12,663		-		12,663
MLVLC2		75		2,226		2,248		-		2,248		17		2,231
DCAP		17,166		675,233		809,896		19		809,915		-		809,915
DSIF		304,419		15,427,887		19,565,011		38		19,565,049		-		19,565,049
DSRG		147		5,228		6,928		1		6,929		-		6,929
DVSCS		231,755		3,293,857		4,417,250		25		4,417,275		-		4,417,275
CVSPIP		22,635		3,220,317		3,756,999		-		3,756,999		3		3,756,996
FQB		77		822		906		-		906		1		905
FCS		4,858		184,805		232,633		-		232,633		22		232,611
FEIS		1,316		28,563		31,243		-		31,243		15		31,228
FGOS		8,054		283,902		623,150		5		623,155		-		623,155
FGS		54,604		3,567,109		5,592,549		21		5,592,570		-		5,592,570
FHIS		1,487		7,779		7,820		3		7,823		-		7,823
FIGBS		6,446		87,016		89,726		8		89,734		-		89,734
FMCS		1,591		51,348		60,902		11		60,913		-		60,913
FOS		2,693		58,936		71,084		13		71,097		-		71,097
FVSS		156		2,132		2,104		1		2,105		-		2,105
FTVSV2		148,176		1,838,937		2,148,557		-		2,148,557		25		2,148,532
TIF2		184		2,401		2,447		-		2,447		12		2,435
GVMCE		2,023		32,040		34,855		15		34,870		-		34,870
AVIE		89		3,249		3,791		12		3,803		-		3,803
OVAG		90		6,815		9,582		15		9,597		-		9,597
OVGI		31		842		917		-		917		10		907
OVGR		9,366		503,869		658,816		1		658,817		-		658,817
OVGS		26,641		1,085,806		1,388,554		9		1,388,563		-		1,388,563
WRMCG		39,266		461,239		686,529		-		686,529		11		686,518
WRRESP		4,316		34,392		30,096		3		30,099		-		30,099
JPMMV1		67,822		688,267		738,583		12		738,595		-		738,595
JABS		5,494		224,083		253,269		-		253,269		7		253,262
JACAS		596		22,493		31,553		9		31,562		-		31,562
JAGTS		3,622		32,968		74,249		-		74,249		6		74,243
JAIGS		27,437		859,702		1,003,662		3		1,003,665		-		1,003,665
LZREMS		696		13,888		14,703		2		14,705		-		14,705
BNCAI		559		34,973		44,152		23		44,175		-		44,175
LOVBD		36,800		427,609		459,634		11		459,645		-		459,645
LOVMCV		-		1		1		-		1		1		-
MV2RIS		5,108		81,616		91,440		-		91,440		6		91,434
MVBRES		21,838		1,017,417		1,237,804		-		1,237,804		1		1,237,803
MVFSC		69,568		1,298,881		1,388,569		1		1,388,570		-		1,388,570
MVIVSC		42,069		1,097,705		1,450,107		-		1,450,107		7		1,450,100
MSEM		1,355		10,163		10,487		10		10,497		-		10,497
MSVMG		43		489		1,276		-		1,276		40		1,236
MSVRE		1,410		22,233		24,162		2		24,164		-		24,164

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

Subaccount*,**,***	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
EIF		40		639		766		9		775		-		775
GBF		28,275		317,873		319,230		15		319,245		-		319,245
GEM		8		104		122		-		122		11		111
GIG		67,371		639,035		782,172		1		782,173		-		782,173
GVDMA		-		3		2		-		2		2		-
GVIDM		29,476		337,062		355,770		17		355,787		-		355,787
HIBF		166,345		1,110,014		1,089,562		6		1,089,568		-		1,089,568
MCIF		435,323		8,334,964		9,981,967		34		9,982,001		-		9,982,001
MSBF		327		2,899		3,013		-		3,013		4		3,009
NVAMVX		354		4,523		5,288		-		5,288		2		5,286
NVBX		535,264		5,841,158		5,984,256		-		5,984,256		2		5,984,254
NVCCN1		1,477		15,079		16,117		-		16,117		3		16,114
NVCMA1		2,846		26,860		27,121		-		27,121		13		27,108
NVCMC1		322		3,437		3,567		-		3,567		7		3,560
NVCMD1		51		562		550		6		556		-		556
NVCRA1		10		91		105		-		105		1		104
NVMLG1		4,217		45,034		37,703		-		37,703		3		37,700
NVMMG1		79		832		1,090		-		1,090		24		1,066
NVOLG1		208		3,515		3,925		8		3,933		-		3,933
SAM5		90,616,998		90,616,998		90,616,998		-		90,616,998		9		90,616,989
SCF		65,912		1,149,838		1,317,575		13		1,317,588		-		1,317,588
SCGF		32		530		626		15		641		-		641
SCVF		1,108		12,524		9,713		32		9,745		-		9,745
TRF		10,002		114,321		235,358		10		235,368		-		235,368
AMCG		15		370		590		-		590		9		581
AMSRS		23,236		606,906		713,109		5		713,114		-		713,114
PMVAAA		1,626		15,359		17,998		11		18,009		-		18,009
PMVHYA		31,645		245,214		253,474		23		253,497		-		253,497
PMVLDA		74,936		783,817		777,839		22		777,861		-		777,861
PMVRRA		54,251		702,890		755,172		33		755,205		-		755,205
PMVTRA		524,260		5,810,216		6,076,177		224		6,076,401		-		6,076,401
ROCMC		4,799		48,642		57,151		-		57,151		4		57,147
TRBCGP		13,854		509,985		702,556		25		702,581		-		702,581
TREI2		7,251		187,533		189,262		-		189,262		23		189,239
TRLT1		672,013		3,291,814		3,360,064		157		3,360,221		-		3,360,221
TRMCG2		11,541		315,657		365,044		-		365,044		69		364,975
TRNAG1		113		3,182		4,498		14		4,512		-		4,512
VWEM		30,943		401,695		522,633		2		522,635		-		522,635
VWHA		72		1,217		1,613		-		1,613		24		1,589
SVOF		20		503		596		-		596		25		571
Total (unaudited)					$	174,221,156	$	1,033	$	174,222,189	$	429	$	174,221,760

* 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, 2020, if applicable.

*** If zero shares are listed, there is ownership of the fund, however it is less than one full share.

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

Investment Activity:	Total (unaudited)			ALVGIA			ALVIVA			ACVCA			ACVI			ACVIG			ACVMV1			ACVU1
Reinvested dividends	$	1,298,305			271			2,008			-			4,230			9,147			2,611			-
Mortality and expense risk charges (note 3)		(226,047	)		(34	)		(200	)		-			(840	)		(489	)		(245	)		(42	)
Net investment income (loss)		1,072,258			237			1,808			-			3,390			8,658			2,366			(42	)
Realized gain (loss) on investments		(1,039,817	)		(5,564	)		(5,625	)		-			238,203			12,109			79			3,411
Change in unrealized gain (loss) on investments		8,732,751			1,754			10,913			33			(285,523	)		9,339			(1,817	)		5,524
Net gain (loss) on investments		7,692,934			(3,810	)		5,288			33			(47,320	)		21,448			(1,738	)		8,935
Reinvested capital gains		3,321,031			959			-			13			12,758			23,668			-			3,450
Net increase (decrease) in contract owners’ equity resulting from operations	$	12,086,223			(2,614	)		7,096			46			(31,172	)		53,774			628			12,343
Investment Activity:	ACVV			AMVGR2			AMVI2			PIHYB1			MLVLC2			DCAP			DSIF			DSRG
Reinvested dividends	$	1,377			3,954			463			652			19			5,411			285,828			66
Mortality and expense risk charges (note 3)		(60	)		(2,446	)		(139	)		(12	)		(3	)		(741	)		(27,983	)		(6	)
Net investment income (loss)		1,317			1,508			324			640			16			4,670			257,845			60
Realized gain (loss) on investments		505			92,449			291			(19	)		(31	)		904			945,642			14
Change in unrealized gain (loss) on investments		(2,966	)		423,275			8,568			(380	)		201			94,584			789,587			1,207
Net gain (loss) on investments		(2,461	)		515,724			8,859			(399	)		170			95,488			1,735,229			1,221
Reinvested capital gains		1,547			29,580			-			-			181			54,758			1,140,874			71
Net increase (decrease) in contract owners’ equity resulting from operations	$	403			546,812			9,183			241			367			154,916			3,133,948			1,352

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

Investment Activity:	DVSCS			CVSPIP			FQB			FCS			FEIS			FGOS			FGS			FHIS
Reinvested dividends	$	36,478			56,021			25			313			484			32			3,285			374
Mortality and expense risk charges (note 3)		(5,293	)		(2,259	)		(1	)		(391	)		(28	)		(541	)		(5,842	)		(7	)
Net investment income (loss)		31,185			53,762			24			(78	)		456			(509	)		(2,557	)		367
Realized gain (loss) on investments		(647,639	)		8,694			4			41,821			(260	)		26,490			692,992			(52	)
Change in unrealized gain (loss) on investments		855,641			536,144			39			13,652			187			201,620			1,187,937			(145	)
Net gain (loss) on investments		208,002			544,838			43			55,473			(73	)		228,110			1,880,929			(197	)
Reinvested capital gains		207,711			110,358			3			1,105			1,309			26,187			507,963			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	446,898			708,958			70			56,500			1,692			253,788			2,386,335			170
Investment Activity:	FIGBS			FMCS			FOS			FVSS			FTVSV2			TIF2			GVMCE			AVIE
Reinvested dividends	$	560			287			218			21			39,097			74			193			79
Mortality and expense risk charges (note 3)		(28	)		(113	)		(94	)		(1	)		(2,243	)		(5	)		(30	)		(4	)
Net investment income (loss)		532			174			124			20			36,854			69			163			75
Realized gain (loss) on investments		135			410			360			(50	)		(464,265	)		604			(309	)		-
Change in unrealized gain (loss) on investments		1,858			9,437			11,350			67			439,358			(865	)		2,038			295
Net gain (loss) on investments		1,993			9,847			11,710			17			(24,907	)		(261	)		1,729			295
Reinvested capital gains		10			-			213			99			166,292			-			490			76
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,535			10,021			12,047			136			178,239			(192	)		2,382			446

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

Investment Activity:	OVAG			OVGI			OVGR			OVGS			WRMCG			WRRESP			JPMMV1			JABS
Reinvested dividends	$	3			12			-			8,219			-			497			11,006			3,457
Mortality and expense risk charges (note 3)		(8	)		(1	)		(518	)		(2,350	)		(1,148	)		(29	)		(1,452	)		(326	)
Net investment income (loss)		(5	)		11			(518	)		5,869			(1,148	)		468			9,554			3,131
Realized gain (loss) on investments		51			1			2,827			58,981			73,342			(559	)		(27,986	)		6,969
Change in unrealized gain (loss) on investments		2,134			16			86,783			197,879			120,487			(3,421	)		(61,090	)		14,337
Net gain (loss) on investments		2,185			17			89,610			256,860			193,829			(3,980	)		(89,076	)		21,306
Reinvested capital gains		621			81			80,108			42,824			41,867			2,276			45,922			3,454
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,801			109			169,200			305,553			234,548			(1,236	)		(33,600	)		27,891
Investment Activity:	JACAS			JAGTS			JAIGS			LZREMS			BNCAI			LOVBD			MV2RIS			MVBRES
Reinvested dividends	$	43			2			10,038			354			-			16,746			1,310			15,436
Mortality and expense risk charges (note 3)		(42	)		(60	)		(1,652	)		(26	)		(57	)		(737	)		(70	)		(1,832	)
Net investment income (loss)		1			(58	)		8,386			328			(57	)		16,009			1,240			13,604
Realized gain (loss) on investments		4,780			2,279			(248,552	)		(986	)		65			1,221			1,365			4,583
Change in unrealized gain (loss) on investments		3,305			17,945			299,683			(79	)		8,043			12,831			2,924			82,706
Net gain (loss) on investments		8,085			20,224			51,131			(1,065	)		8,108			14,052			4,289			87,289
Reinvested capital gains		1,959			5,318			-			-			770			-			2,499			57,692
Net increase (decrease) in contract owners’ equity resulting from operations	$	10,045			25,484			59,517			(737	)		8,821			30,061			8,028			158,585

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

Investment Activity:	MVFSC			MVIVSC			MSEM			MSVMG			MSVRE			EIF			GBF			GEM
Reinvested dividends	$	17,293			10,004			451			-			743			12			6,777			2
Mortality and expense risk charges (note 3)		(2,403	)		(2,568	)		(10	)		-			(53	)		-			(567	)		(764	)
Net investment income (loss)		14,890			7,436			441			-			690			12			6,210			(762	)
Realized gain (loss) on investments		6,782			78,751			(19	)		30			(7,392	)		2			9,131			(214,160	)
Change in unrealized gain (loss) on investments		(43,942	)		117,736			95			667			(497	)		(24	)		(2,223	)		77,708
Net gain (loss) on investments		(37,160	)		196,487			76			697			(7,889	)		(22	)		6,908			(136,452	)
Reinvested capital gains		58,115			26,170			-			93			738			30			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	35,845			230,093			517			790			(6,461	)		20			13,118			(137,214	)
Investment Activity:	GIG			GVIDM			HIBF			MCIF			MSBF			NVAMVX			NVBX			NVCCN1
Reinvested dividends	$	8,238			443			55,121			96,772			98			63			127,362			39
Mortality and expense risk charges (note 3)		(1,149	)		(499	)		(1,359	)		(11,911	)		(3	)		(1	)		(10,679	)		(15	)
Net investment income (loss)		7,089			(56	)		53,762			84,861			95			62			116,683			24
Realized gain (loss) on investments		2,504			(434	)		(875	)		(2,006,399	)		(2	)		3			232,746			(33	)
Change in unrealized gain (loss) on investments		43,264			20,778			6,782			2,545,344			11			765			10,310			1,121
Net gain (loss) on investments		45,768			20,344			5,907			538,945			9			768			243,056			1,088
Reinvested capital gains		-			18,299			-			406,654			-			-			-			38
Net increase (decrease) in contract owners’ equity resulting from operations	$	52,857			38,587			59,669			1,030,460			104			830			359,739			1,150

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

Investment Activity:	NVCMA1			NVCMC1			NVCMD1			NVCRA1			NVMLG1			NVMMG1			NVOLG1			SAM5
Reinvested dividends	$	264			19			4			1			-			-			47			230,529
Mortality and expense risk charges (note 3)		(24	)		(4	)		-			-			(44	)		-			(9	)		(112,395	)
Net investment income (loss)		240			15			4			1			(44	)		-			38			118,134
Realized gain (loss) on investments		(682	)		(17	)		(8	)		-			(2,833	)		(2	)		(9,928	)		-
Change in unrealized gain (loss) on investments		2,806			272			42			11			(5,226	)		307			11,786			-
Net gain (loss) on investments		2,124			255			34			11			(8,059	)		305			1,858			-
Reinvested capital gains		524			24			14			-			15,519			113			356			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,888			294			52			12			7,416			418			2,252			118,134
Investment Activity:	SCF			SCGF			SCVF			TRF			AMCG			AMSRS			PMVAAA			PMVHYA
Reinvested dividends	$	217			-			6			2,478			-			3,696			829			11,622
Mortality and expense risk charges (note 3)		(2,077	)		-			(8	)		(211	)		-			(592	)		(17	)		(243	)
Net investment income (loss)		(1,860	)		-			(2	)		2,267			-			3,104			812			11,379
Realized gain (loss) on investments		(147,482	)		(6	)		(548	)		996			6			1			61			(247	)
Change in unrealized gain (loss) on investments		338,609			125			851			3,021			141			87,492			379			2,512
Net gain (loss) on investments		191,127			119			303			4,017			147			87,493			440			2,265
Reinvested capital gains		45,739			64			42			15,554			24			25,385			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	235,006			183			343			21,838			171			115,982			1,252			13,644

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

Investment Activity:	PMVLDA			PMVRRA			PMVTRA			ROCMC			TRBCGP			TREI2			TRLT1			TRMCG2
Reinvested dividends	$	7,881			10,117			111,659			-			-			3,350			62,235			-
Mortality and expense risk charges (note 3)		(863	)		(1,443	)		(5,830	)		(105	)		(635	)		(346	)		(6,422	)		(490	)
Net investment income (loss)		7,018			8,674			105,829			(105	)		(635	)		3,004			55,813			(490	)
Realized gain (loss) on investments		(2,184	)		40,142			13,807			(4,452	)		42,392			(1,589	)		76,610			8,802
Change in unrealized gain (loss) on investments		13,618			31,612			240,694			13,592			152,814			5,621			37,244			34,965
Net gain (loss) on investments		11,434			71,754			254,501			9,140			195,206			4,032			113,854			43,767
Reinvested capital gains		-			-			65,888			707			21,879			4,025			-			23,878
Net increase (decrease) in contract owners’ equity resulting from operations	$	18,452			80,428			426,218			9,742			216,450			11,061			169,667			67,155
Investment Activity:		TRNAG1			VWEM			VWHA			SVOF			DVIV			NVMLV1
Reinvested dividends	$	-			9,037			12			2			113			68
Mortality and expense risk charges (note 3)		(4	)		(1,871	)		(1	)		-			(1	)		(3	)
Net investment income (loss)		(4	)		7,166			11			2			112			65
Realized gain (loss) on investments		58			30,700			(11	)		(1	)		(120	)		(3,601	)
Change in unrealized gain (loss) on investments		687			(117,216	)		244			63			(708	)		1,103
Net gain (loss) on investments		745			(86,516	)		233			62			(828	)		(2,498	)
Reinvested capital gains		663			13,573			-			38			-			1,819
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,404			(65,777	)		244			102			(716	)		(614	)

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	Total (unaudited)						ALVGIA						ALVIVA						ACVCA
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	1,072,258			2,456,051			237			533			1,808			716			-			-
Realized gain (loss) on investments		(1,039,817	)		1,422,073			(5,564	)		128			(5,625	)		(1,841	)		-			-
Change in unrealized gain (loss) on investments		8,732,751			8,835,287			1,754			4,700			10,913			16,360			33			13
Reinvested capital gains		3,321,031			5,089,031			959			5,367			-			-			13			17
Net increase (decrease) in contract owners’ equity resulting from operations		12,086,223			17,802,442			(2,614	)		10,728			7,096			15,235			46			30
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		373,360			125,470			(34	)		-			837			(2	)		-			-
Transfers between funds		-			-			(32,165	)		(1,136	)		11,011			4,117			-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(3,056,421	)		(9,085,611	)		(306	)		(727	)		(4,016	)		(3,857	)		(7	)		(6	)
Adjustments to maintain reserves		1,154			(360	)		21			(44	)		2			-			11			10
Net equity transactions		(2,681,907	)		(8,960,501	)		(32,484	)		(1,907	)		7,834			258			4			4
Net change in contract owners’ equity		9,404,316			8,841,941			(35,098	)		8,821			14,930			15,493			50			34
Contract owners’ equity at beginning of period		164,817,444			155,975,503			54,739			45,918			102,137			86,644			119			85
Contract owners’ equity at end of period	$	174,221,760			164,817,444			19,641			54,739			117,067			102,137			169			119
CHANGE IN UNITS:
Beginning units		10,317,422			10,434,097			1,254			1,299			10,733			10,644			3			2
Units purchased		6,891,308			2,521,458			187			-			1,794			523			-			3
Units surrendered		(6,827,822	)		(2,638,133	)		(1,010	)		(45	)		(497	)		(434	)		-			(2	)
Ending units		10,380,908			10,317,422			431			1,254			12,030			10,733			3			3

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	ACVI						ACVIG						ACVMV1						ACVU1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	3,390			5,112			8,658			9,912			2,366			2,804			(42	)		(71	)
Realized gain (loss) on investments		238,203			6,238			12,109			19,877			79			1,016			3,411			276
Change in unrealized gain (loss) on investments		(285,523	)		148,989			9,339			33,664			(1,817	)		18,631			5,524			6,553
Reinvested capital gains		12,758			43,158			23,668			46,569			-			16,296			3,450			3,792
Net increase (decrease) in contract owners’ equity resulting from operations		(31,172	)		203,497			53,774			110,022			628			38,747			12,343			10,550
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		(32	)		(3	)		(318	)		22			-			-			6			2
Transfers between funds		(848,728	)		96			(55,016	)		(62,799	)		-			(3,550	)		(16,899	)		88
Surrenders (notes 2, 3, 4, 5 and 6)		(20,130	)		(42,437	)		(4,008	)		(10,909	)		(6,136	)		(6,162	)		(835	)		(821	)
Adjustments to maintain reserves		(4	)		2			10			(32	)		(5	)		8			43			(34	)
Net equity transactions		(868,894	)		(42,342	)		(59,332	)		(73,718	)		(6,141	)		(9,704	)		(17,685	)		(765	)
Net change in contract owners’ equity		(900,066	)		161,155			(5,558	)		36,304			(5,513	)		29,043			(5,342	)		9,785
Contract owners’ equity at beginning of period		901,431			740,276			538,386			502,082			166,772			137,729			40,749			30,964
Contract owners’ equity at end of period	$	1,365			901,431			532,828			538,386			161,259			166,772			35,407			40,749
CHANGE IN UNITS:
Beginning units		37,640			39,599			16,871			18,189			6,023			6,408			1,004			1,028
Units purchased		-			53			298			14,524			5,795			-			186			164
Units surrendered		(37,596	)		(2,012	)		(2,116	)		(15,842	)		(6,163	)		(385	)		(616	)		(188	)
Ending units		44			37,640			15,053			16,871			5,655			6,023			574			1,004

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	ACVV						AMVGR2						AMVI2						PIHYB1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	1,317			2,489			1,508			5,488			324			905			640			611
Realized gain (loss) on investments		505			16,171			92,449			9,819			291			(734	)		(19	)		34
Change in unrealized gain (loss) on investments		(2,966	)		2,323			423,275			164,652			8,568			13,434			(380	)		1,068
Reinvested capital gains		1,547			10,427			29,580			114,052			-			1,915			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		403			31,410			546,812			294,011			9,183			15,520			241			1,713
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			5			1			25			483			(1	)		-			-
Transfers between funds		-			-			(200,150	)		(83,664	)		2,846			(5,870	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(1,952	)		(123,596	)		(15,585	)		(13,502	)		(2,814	)		(3,064	)		(849	)		(861	)
Adjustments to maintain reserves		-			22			19			7			(6	)		3			(6	)		20
Net equity transactions		(1,952	)		(123,569	)		(215,715	)		(97,134	)		509			(8,932	)		(855	)		(841	)
Net change in contract owners’ equity		(1,549	)		(92,159	)		331,097			196,877			9,692			6,588			(614	)		872
Contract owners’ equity at beginning of period		70,049			162,208			1,206,814			1,009,937			76,106			69,518			13,277			12,405
Contract owners’ equity at end of period	$	68,500			70,049			1,537,911			1,206,814			85,798			76,106			12,663			13,277
CHANGE IN UNITS:
Beginning units		1,372			4,598			37,988			41,470			5,066			5,675			380			416
Units purchased		139			1,415			32,711			339			160			-			-			390
Units surrendered		(181	)		(4,641	)		(39,266	)		(3,821	)		(205	)		(609	)		(26	)		(426	)
Ending units		1,330			1,372			31,433			37,988			5,021			5,066			354			380

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	MLVLC2						DCAP						DSIF						DSRG
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	16			19			4,670			5,635			257,845			287,292			60			69
Realized gain (loss) on investments		(31	)		(32	)		904			117			945,642			1,565,976			14			(21	)
Change in unrealized gain (loss) on investments		201			372			94,584			106,502			789,587			2,532,815			1,207			1,350
Reinvested capital gains		181			104			54,758			63,776			1,140,874			1,039,650			71			177
Net increase (decrease) in contract owners’ equity resulting from operations		367			463			154,916			176,030			3,133,948			5,425,733			1,352			1,575
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			(20	)		3			4,132			832			-			-
Transfers between funds		-			-			(1,323	)		(3,267	)		(2,626,370	)		(5,170,012	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(147	)		(123	)		(5,677	)		(5,512	)		(296,564	)		(746,288	)		(418	)		(358	)
Adjustments to maintain reserves		(19	)		18			38			(35	)		113			(58	)		(13	)		15
Net equity transactions		(166	)		(105	)		(6,982	)		(8,811	)		(2,918,689	)		(5,915,526	)		(431	)		(343	)
Net change in contract owners’ equity		201			358			147,934			167,219			215,259			(489,793	)		921			1,232
Contract owners’ equity at beginning of period		2,030			1,672			661,981			494,762			19,349,790			19,839,583			6,008			4,776
Contract owners’ equity at end of period	$	2,231			2,030			809,915			661,981			19,565,049			19,349,790			6,929			6,008
CHANGE IN UNITS:
Beginning units		62			67			18,855			17,440			540,231			726,329			228			212
Units purchased		-			63			587			16,879			520,219			1,683			-			234
Units surrendered		(5	)		(68	)		(718	)		(15,464	)		(581,685	)		(187,781	)		(16	)		(218	)
Ending units		57			62			18,724			18,855			478,765			540,231			212			228

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	DVSCS						CVSPIP						FQB						FCS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	31,185			30,321			53,762			39			24			24			(78	)		392
Realized gain (loss) on investments		(647,639	)		51,515			8,694			36			4			1			41,821			1,835
Change in unrealized gain (loss) on investments		855,641			380,332			536,144			413			39			53			13,652			35,930
Reinvested capital gains		207,711			371,327			110,358			160			3			-			1,105			28,209
Net increase (decrease) in contract owners’ equity resulting from operations		446,898			833,495			708,958			648			70			78			56,500			66,366
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			(323	)		-			-			-			-			765			82
Transfers between funds		(143,720	)		(440,632	)		3,149,621			-			-			-			(76,176	)		(21,968	)
Surrenders (notes 2, 3, 4, 5 and 6)		(43,604	)		(145,728	)		(104,244	)		(156	)		(63	)		(60	)		(8,626	)		(8,605	)
Adjustments to maintain reserves		17			22			11			(7	)		9			(9	)		(34	)		(14	)
Net equity transactions		(187,307	)		(586,661	)		3,045,388			(163	)		(54	)		(69	)		(84,071	)		(30,505	)
Net change in contract owners’ equity		259,591			246,834			3,754,346			485			16			9			(27,571	)		35,861
Contract owners’ equity at beginning of period		4,157,684			3,910,850			2,650			2,165			889			880			260,182			224,321
Contract owners’ equity at end of period	$	4,417,275			4,157,684			3,756,996			2,650			905			889			232,611			260,182
CHANGE IN UNITS:
Beginning units		95,468			109,525			141			152			35			39			5,393			6,041
Units purchased		99,254			1,561			350,642			145			-			37			161			488
Units surrendered		(104,601	)		(15,618	)		(181,351	)		(156	)		(2	)		(41	)		(1,738	)		(1,136	)
Ending units		90,121			95,468			169,432			141			33			35			3,816			5,393

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	FEIS						FGOS						FGS						FHIS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	456			524			(509	)		(524	)		(2,557	)		2,827			367			393
Realized gain (loss) on investments		(260	)		(5,384	)		26,490			21,210			692,992			125,293			(52	)		(25	)
Change in unrealized gain (loss) on investments		187			12,025			201,620			65,948			1,187,937			1,034,678			(145	)		724
Reinvested capital gains		1,309			2,489			26,187			29,531			507,963			336,912			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,692			9,654			253,788			116,165			2,386,335			1,499,710			170			1,092
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			16			(450	)		3			(426	)		213			-			-
Transfers between funds		-			(99,851	)		(4,564	)		(36,185	)		(1,585,023	)		(529,323	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(1,950	)		(13,120	)		(4,785	)		(4,021	)		(134,973	)		(327,771	)		(534	)		(533	)
Adjustments to maintain reserves		(31	)		3			(3	)		23			5			12			(7	)		9
Net equity transactions		(1,981	)		(112,952	)		(9,802	)		(40,180	)		(1,720,417	)		(856,869	)		(541	)		(524	)
Net change in contract owners’ equity		(289	)		(103,298	)		243,986			75,985			665,918			642,841			(371	)		568
Contract owners’ equity at beginning of period		31,517			134,815			379,169			303,184			4,926,652			4,283,811			8,194			7,626
Contract owners’ equity at end of period	$	31,228			31,517			623,155			379,169			5,592,570			4,926,652			7,823			8,194
CHANGE IN UNITS:
Beginning units		926			5,124			9,747			10,394			140,404			153,758			348			405
Units purchased		-			952			871			7,152			741			44,560			-			358
Units surrendered		(64	)		(5,150	)		(1,031	)		(7,799	)		(30,002	)		(57,914	)		(24	)		(415	)
Ending units		862			926			9,587			9,747			111,143			140,404			324			348

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	FIGBS						FMCS						FOS						FVSS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	532			632			174			335			124			267			20			26
Realized gain (loss) on investments		135			32			410			(706	)		360			(246	)		(50	)		(39	)
Change in unrealized gain (loss) on investments		1,858			1,666			9,437			5,942			11,350			4,759			67			387
Reinvested capital gains		10			-			-			6,490			213			1,345			99			175
Net increase (decrease) in contract owners’ equity resulting from operations		2,535			2,330			10,021			12,061			12,047			6,125			136			549
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		62,919			-			525			13			126			-			-			-
Transfers between funds		-			-			(6,080	)		(5,038	)		39,464			(19,199	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(1,864	)		(1,734	)		(2,413	)		(2,457	)		(802	)		(429	)		(120	)		(127	)
Adjustments to maintain reserves		14			(9	)		5			19			18			(10	)		(6	)		16
Net equity transactions		61,069			(1,743	)		(7,963	)		(7,463	)		38,806			(19,638	)		(126	)		(111	)
Net change in contract owners’ equity		63,604			587			2,058			4,598			50,853			(13,513	)		10			438
Contract owners’ equity at beginning of period		26,130			25,543			58,855			54,257			20,244			33,757			2,095			1,657
Contract owners’ equity at end of period	$	89,734			26,130			60,913			58,855			71,097			20,244			2,105			2,095
CHANGE IN UNITS:
Beginning units		1,441			1,574			1,695			1,926			855			1,824			57			62
Units purchased		3,191			1,482			16			104			2,345			86			-			59
Units surrendered		(98	)		(1,615	)		(222	)		(335	)		(608	)		(1,055	)		(4	)		(64	)
Ending units		4,534			1,441			1,489			1,695			2,592			855			53			57

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	FTVSV2						TIF2						GVMCE						AVIE
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	36,854			24,104			69			220			163			195			75			661
Realized gain (loss) on investments		(464,265	)		(380,604	)		604			(1,373	)		(309	)		(1,058	)		-			243
Change in unrealized gain (loss) on investments		439,358			649,817			(865	)		2,483			2,038			8,602			295			4,235
Reinvested capital gains		166,292			433,164			-			153			490			1,213			76			3,041
Net increase (decrease) in contract owners’ equity resulting from operations		178,239			726,481			(192	)		1,483			2,382			8,952			446			8,180
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		267			98			-			218			-			5			-			40
Transfers between funds		(524,893	)		(1,333,394	)		(12,466	)		(98	)		-			(3,168	)		-			(73,302	)
Surrenders (notes 2, 3, 4, 5 and 6)		(50,133	)		(64,120	)		(176	)		(437	)		(2,064	)		(4,192	)		(227	)		(46,516	)
Adjustments to maintain reserves		(26	)		5			7			(19	)		(8	)		23			26			(20	)
Net equity transactions		(574,785	)		(1,397,411	)		(12,635	)		(336	)		(2,072	)		(7,332	)		(201	)		(119,798	)
Net change in contract owners’ equity		(396,546	)		(670,930	)		(12,827	)		1,147			310			1,620			245			(111,618	)
Contract owners’ equity at beginning of period		2,545,078			3,216,008			15,262			14,115			34,560			32,940			3,558			115,176
Contract owners’ equity at end of period	$	2,148,532			2,545,078			2,435			15,262			34,870			34,560			3,803			3,558
CHANGE IN UNITS:
Beginning units		78,223			125,987			608			633			688			883			114			4,846
Units purchased		19			62,902			-			106			-			707			-			118
Units surrendered		(15,401	)		(110,666	)		(512	)		(131	)		(47	)		(902	)		(7	)		(4,850	)
Ending units		62,841			78,223			96			608			641			688			107			114

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	OVAG						OVGI						OVGR						OVGS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(5	)		(13	)		11			7			(518	)		(743	)		5,869			7,656
Realized gain (loss) on investments		51			4			1			(1	)		2,827			77,411			58,981			12,151
Change in unrealized gain (loss) on investments		2,134			1,281			16			82			86,783			28,717			197,879			150,636
Reinvested capital gains		621			863			81			129			80,108			59,333			42,824			168,860
Net increase (decrease) in contract owners’ equity resulting from operations		2,801			2,135			109			217			169,200			164,718			305,553			339,303
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			(2	)		-			-			27,964			-			-			28
Transfers between funds		-			2			-			-			-			-			(207,971	)		(156,124	)
Surrenders (notes 2, 3, 4, 5 and 6)		(534	)		(443	)		(58	)		(53	)		(6,949	)		(217,870	)		(15,940	)		(15,866	)
Adjustments to maintain reserves		4			6			(10	)		(7	)		(2	)		(7	)		(10	)		32
Net equity transactions		(530	)		(437	)		(68	)		(60	)		21,013			(217,877	)		(223,921	)		(171,930	)
Net change in contract owners’ equity		2,271			1,698			41			157			190,213			(53,159	)		81,632			167,373
Contract owners’ equity at beginning of period		7,326			5,628			866			709			468,604			521,763			1,306,931			1,139,558
Contract owners’ equity at end of period	$	9,597			7,326			907			866			658,817			468,604			1,388,563			1,306,931
CHANGE IN UNITS:
Beginning units		206			212			25			30			13,016			17,805			37,492			42,992
Units purchased		-			212			-			26			713			13,077			33,261			2,148
Units surrendered		(14	)		(218	)		(2	)		(31	)		(318	)		(17,866	)		(40,409	)		(7,648	)
Ending units		192			206			23			25			13,411			13,016			30,344			37,492

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	WRMCG						WRRESP						JPMMV1						JABS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(1,148	)		(1,408	)		468			451			9,554			11,877			3,131			1,407
Realized gain (loss) on investments		73,342			22,046			(559	)		(211	)		(27,986	)		24,754			6,969			1,106
Change in unrealized gain (loss) on investments		120,487			65,882			(3,421	)		6,407			(61,090	)		119,938			14,337			12,664
Reinvested capital gains		41,867			91,050			2,276			143			45,922			58,708			3,454			2,480
Net increase (decrease) in contract owners’ equity resulting from operations		234,548			177,570			(1,236	)		6,790			(33,600	)		215,277			27,891			17,657
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			14			-			-			-			12			655			11
Transfers between funds		(148,874	)		(54,491	)		-			-			(165,488	)		(95,980	)		127,484			20,313
Surrenders (notes 2, 3, 4, 5 and 6)		(7,244	)		(6,913	)		(2,043	)		(2,138	)		(9,808	)		(11,947	)		(6,035	)		(4,009	)
Adjustments to maintain reserves		2			(19	)		5			(5	)		2			(5	)		(36	)		21
Net equity transactions		(156,116	)		(61,409	)		(2,038	)		(2,143	)		(175,294	)		(107,920	)		122,068			16,336
Net change in contract owners’ equity		78,432			116,161			(3,274	)		4,647			(208,894	)		107,357			149,959			33,993
Contract owners’ equity at beginning of period		608,086			491,925			33,373			28,726			947,489			840,132			103,303			69,310
Contract owners’ equity at end of period	$	686,518			608,086			30,099			33,373			738,595			947,489			253,262			103,303
CHANGE IN UNITS:
Beginning units		24,895			27,711			1,205			1,316			23,621			26,493			2,529			2,103
Units purchased		18,879			-			-			1,239			19,943			377			4,372			1,953
Units surrendered		(25,108	)		(2,816	)		(82	)		(1,350	)		(25,620	)		(3,249	)		(1,464	)		(1,527	)
Ending units		18,666			24,895			1,123			1,205			17,944			23,621			5,437			2,529

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	JACAS						JAGTS						JAIGS						LZREMS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	1			(104	)		(58	)		107			8,386			21,624			328			98
Realized gain (loss) on investments		4,780			4,270			2,279			1,329			(248,552	)		(15,465	)		(986	)		379
Change in unrealized gain (loss) on investments		3,305			11,331			17,945			12,210			299,683			311,837			(79	)		2,085
Reinvested capital gains		1,959			4,638			5,318			3,229			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		10,045			20,135			25,484			16,875			59,517			317,996			(737	)		2,562
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		(316	)		17			-			9			-			17			185			7
Transfers between funds		(36,989	)		(30,092	)		-			-			(534,912	)		-			(2,313	)		2,705
Surrenders (notes 2, 3, 4, 5 and 6)		(938	)		(1,273	)		(4,152	)		(3,095	)		(23,317	)		(40,541	)		(534	)		(579	)
Adjustments to maintain reserves		27			(17	)		(13	)		8			5			-			(1	)		(2	)
Net equity transactions		(38,216	)		(31,365	)		(4,165	)		(3,078	)		(558,224	)		(40,524	)		(2,663	)		2,131
Net change in contract owners’ equity		(28,171	)		(11,230	)		21,319			13,797			(498,707	)		277,472			(3,400	)		4,693
Contract owners’ equity at beginning of period		59,733			70,963			52,924			39,127			1,502,372			1,224,900			18,105			13,412
Contract owners’ equity at end of period	$	31,562			59,733			74,243			52,924			1,003,665			1,502,372			14,705			18,105
CHANGE IN UNITS:
Beginning units		1,644			2,676			2,311			2,543			86,190			88,866			1,446			1,263
Units purchased		174			237			-			2,377			44,345			1,712			18			233
Units surrendered		(1,203	)		(1,269	)		(158	)		(2,609	)		(82,202	)		(4,388	)		(272	)		(50	)
Ending units		615			1,644			2,153			2,311			48,333			86,190			1,192			1,446

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	BNCAI						LOVBD						LOVMCV					MV2RIS
	2020			2019			2020			2019			2020		2019			2020			2019
Investment activity:
Net investment income (loss)	$	(57	)		(113	)		16,009			16,044			-		-			1,240			838
Realized gain (loss) on investments		65			5,877			1,221			2,048			-		-			1,365			47
Change in unrealized gain (loss) on investments		8,043			9,870			12,831			35,597			-		-			2,924			13,895
Reinvested capital gains		770			1,447			-			-			-		-			2,499			3,177
Net increase (decrease) in contract owners’ equity resulting from operations		8,821			17,081			30,061			53,689			-		-			8,028			17,957
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		(203	)		1,357			-			-			-		-			28,780			4
Transfers between funds		(19,354	)		(23,355	)		-			(6,140	)		-		-			(2,516	)		-
Surrenders (notes 2, 3, 4, 5 and 6)		(551	)		(804	)		(18,776	)		(17,502	)		-		-			(21,673	)		(8,006	)
Adjustments to maintain reserves		26			4			7			(5	)		-		(1	)		(9	)		5
Net equity transactions		(20,082	)		(22,798	)		(18,769	)		(23,647	)		-		(1	)		4,582			(7,997	)
Net change in contract owners’ equity		(11,261	)		(5,717	)		11,292			30,042			-		(1	)		12,610			9,960
Contract owners’ equity at beginning of period		55,436			61,153			448,353			418,311			-		1			78,824			68,864
Contract owners’ equity at end of period	$	44,175			55,436			459,645			448,353			-		-			91,434			78,824
CHANGE IN UNITS:
Beginning units		909			1,365			34,270			36,153			-		-			6,231			6,943
Units purchased		231			-			33,302			-			-		-			2,051			-
Units surrendered		(608	)		(456	)		(35,075	)		(1,883	)		-		-			(1,863	)		(712	)
Ending units		532			909			32,497			34,270			-		-			6,419			6,231

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	MVBRES						MVFSC						MVIVSC						MSEM
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	13,604			10,327			14,890			22,299			7,436			18,455			441			540
Realized gain (loss) on investments		4,583			12,303			6,782			13,193			78,751			83,536			(19	)		7
Change in unrealized gain (loss) on investments		82,706			162,452			(43,942	)		245,128			117,736			178,002			95			823
Reinvested capital gains		57,692			78,679			58,115			61,179			26,170			46,323			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		158,585			263,761			35,845			341,799			230,093			326,316			517			1,370
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			32,373			36			-			150			-			-
Transfers between funds		-			(57,975	)		(49,731	)		(127,495	)		(138,642	)		(168,138	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(46,768	)		(41,733	)		(44,871	)		(27,105	)		(16,181	)		(217,458	)		(704	)		(700	)
Adjustments to maintain reserves		4			(7	)		11			5			(4	)		(11	)		21			(15	)
Net equity transactions		(46,764	)		(99,715	)		(62,218	)		(154,559	)		(154,827	)		(385,457	)		(683	)		(715	)
Net change in contract owners’ equity		111,821			164,046			(26,373	)		187,240			75,266			(59,141	)		(166	)		655
Contract owners’ equity at beginning of period		1,125,982			961,936			1,414,943			1,227,703			1,374,834			1,433,975			10,663			10,008
Contract owners’ equity at end of period	$	1,237,803			1,125,982			1,388,570			1,414,943			1,450,100			1,374,834			10,497			10,663
CHANGE IN UNITS:
Beginning units		66,398			72,920			61,128			68,527			42,186			55,150			196			299
Units purchased		64,524			-			60,980			-			39,710			-			-			202
Units surrendered		(67,959	)		(6,522	)		(64,906	)		(7,399	)		(45,431	)		(12,964	)		(13	)		(305	)
Ending units		62,963			66,398			57,202			61,128			36,465			42,186			183			196

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	MSVMG						MSVRE						EIF						GBF
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	-			-			690			621			12			12			6,210			5,025
Realized gain (loss) on investments		30			11			(7,392	)		413			2			4			9,131			(7,040	)
Change in unrealized gain (loss) on investments		667			76			(497	)		3,945			(24	)		129			(2,223	)		26,316
Reinvested capital gains		93			76			738			1,383			30			29			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		790			163			(6,461	)		6,362			20			174			13,118			24,301
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			230			5			-			-			1,413			90
Transfers between funds		-			-			(5,539	)		(1,096	)		-			-			68,799			(91,209	)
Surrenders (notes 2, 3, 4, 5 and 6)		(56	)		(35	)		(1,088	)		(1,511	)		(48	)		(48	)		(9,116	)		(178,583	)
Adjustments to maintain reserves		(54	)		19			33			(19	)		25			(19	)		18			6
Net equity transactions		(110	)		(16	)		(6,364	)		(2,621	)		(23	)		(67	)		61,114			(269,696	)
Net change in contract owners’ equity		680			147			(12,825	)		3,741			(3	)		107			74,232			(245,395	)
Contract owners’ equity at beginning of period		556			409			36,989			33,248			778			671			245,013			490,408
Contract owners’ equity at end of period	$	1,236			556			24,164			36,989			775			778			319,245			245,013
CHANGE IN UNITS:
Beginning units		17			18			674			723			26			27			12,018			24,117
Units purchased		-			17			6			14			-			27			3,373			1,962
Units surrendered		(2	)		(18	)		(150	)		(63	)		(1	)		(28	)		(436	)		(14,061	)
Ending units		15			17			530			674			25			26			14,955			12,018

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	GEM						GIG						GVDMA					GVIDM
	2020			2019			2020			2019			2020		2019			2020			2019
Investment activity:
Net investment income (loss)	$	(762	)		17,411			7,089			16,965			-		-			(56	)		677
Realized gain (loss) on investments		(214,160	)		(34,041	)		2,504			4,799			-		-			(434	)		(1,699	)
Change in unrealized gain (loss) on investments		77,708			178,336			43,264			62,952			-		-			20,778			3,377
Reinvested capital gains		-			-			-			31,510			-		-			18,299			3,033
Net increase (decrease) in contract owners’ equity resulting from operations		(137,214	)		161,706			52,857			116,226			-		-			38,587			5,388
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			-			34,249			-		-			859			1,132
Transfers between funds		(697,917	)		-			-			29,955			-		-			284,548			(2,053	)
Surrenders (notes 2, 3, 4, 5 and 6)		(18,041	)		(41,010	)		(29,088	)		(27,608	)		-		-			(3,633	)		(1,475	)
Adjustments to maintain reserves		18			(25	)		11			(6	)		-		(2	)		11			(17	)
Net equity transactions		(715,940	)		(41,035	)		(29,077	)		36,590			-		(2	)		281,785			(2,413	)
Net change in contract owners’ equity		(853,154	)		120,671			23,780			152,816			-		(2	)		320,372			2,975
Contract owners’ equity at beginning of period		853,265			732,594			758,393			605,577			-		2			35,415			32,440
Contract owners’ equity at end of period	$	111			853,265			782,173			758,393			-		-			355,787			35,415
CHANGE IN UNITS:
Beginning units		26,895			28,318			37,857			35,919			-		-			1,333			1,434
Units purchased		-			3			36,043			3,425			-		-			13,741			-
Units surrendered		(26,892	)		(1,426	)		(38,725	)		(1,487	)		-		-			(2,969	)		(101	)
Ending units		3			26,895			35,175			37,857			-		-			12,105			1,333

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	HIBF						MCIF						MSBF						NVAMVX
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	53,762			54,994			84,861			100,373			95			142			62			-
Realized gain (loss) on investments		(875	)		(68	)		(2,006,399	)		(215,173	)		(2	)		8			3			-
Change in unrealized gain (loss) on investments		6,782			77,256			2,545,344			786,216			11			114			765			-
Reinvested capital gains		-			-			406,654			1,504,888			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		59,669			132,182			1,030,460			2,176,304			104			264			830			-
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		168			-			3,558			(507	)		-			-			-			-
Transfers between funds		3,239			5,476			(375,262	)		(1,412,492	)		-			-			4,540			-
Surrenders (notes 2, 3, 4, 5 and 6)		(13,261	)		(14,600	)		(164,178	)		(289,360	)		(193	)		(198	)		(82	)		-
Adjustments to maintain reserves		5			(11	)		25			60			(5	)		4			(2	)		-
Net equity transactions		(9,849	)		(9,135	)		(535,857	)		(1,702,299	)		(198	)		(194	)		4,456			-
Net change in contract owners’ equity		49,820			123,047			494,603			474,005			(94	)		70			5,286			-
Contract owners’ equity at beginning of period		1,039,748			916,701			9,487,398			9,013,393			3,103			3,033			-			-
Contract owners’ equity at end of period	$	1,089,568			1,039,748			9,982,001			9,487,398			3,009			3,103			5,286			-
CHANGE IN UNITS:
Beginning units		33,173			33,464			196,513			233,975			119			131			-			-
Units purchased		30,130			1,150			136,189			888			-			122			454			-
Units surrendered		(30,192	)		(1,441	)		(198,986	)		(38,350	)		(8	)		(134	)		(8	)		-
Ending units		33,111			33,173			133,716			196,513			111			119			446			-

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	NVBX						NVCCN1						NVCMA1						NVCMC1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	116,683			120,336			24			381			240			682			15			87
Realized gain (loss) on investments		232,746			(29,525	)		(33	)		(45	)		(682	)		(493	)		(17	)		(14	)
Change in unrealized gain (loss) on investments		10,310			236,250			1,121			962			2,806			2,225			272			207
Reinvested capital gains		-			-			38			297			524			2,449			24			169
Net increase (decrease) in contract owners’ equity resulting from operations		359,739			327,061			1,150			1,595			2,888			4,863			294			449
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		40			(995	)		-			-			-			2			-			-
Transfers between funds		493,002			1,589,348			-			-			-			-			-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(68,395	)		(53,799	)		(1,109	)		(1,060	)		(1,696	)		(1,633	)		(238	)		(228	)
Adjustments to maintain reserves		(7	)		(4	)		1			(2	)		(25	)		3			(1	)		(1	)
Net equity transactions		424,640			1,534,550			(1,108	)		(1,062	)		(1,721	)		(1,628	)		(239	)		(229	)
Net change in contract owners’ equity		784,379			1,861,611			42			533			1,167			3,235			55			220
Contract owners’ equity at beginning of period		5,199,875			3,338,264			16,072			15,539			25,941			22,706			3,505			3,285
Contract owners’ equity at end of period	$	5,984,254			5,199,875			16,114			16,072			27,108			25,941			3,560			3,505
CHANGE IN UNITS:
Beginning units		449,920			312,315			970			1,053			927			1,006			175			190
Units purchased		524,339			142,396			-			998			-			953			-			180
Units surrendered		(494,840	)		(4,791	)		(66	)		(1,081	)		(64	)		(1,032	)		(12	)		(195	)
Ending units		479,419			449,920			904			970			863			927			163			175

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	NVCMD1						NVCRA1						NVMLG1						NVMMG1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	4			15			1			3			(44	)		690			-			(1	)
Realized gain (loss) on investments		(8	)		(6	)		-			-			(2,833	)		9,364			(2	)		-
Change in unrealized gain (loss) on investments		42			39			11			10			(5,226	)		4,619			307			32
Reinvested capital gains		14			39			-			7			15,519			2,560			113			175
Net increase (decrease) in contract owners’ equity resulting from operations		52			87			12			20			7,416			17,233			418			206
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			-			-			(442	)		861			-			-
Transfers between funds		-			-			-			-			11,442			(69,496	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(36	)		(36	)		(6	)		(6	)		(1,646	)		(1,821	)		(55	)		(45	)
Adjustments to maintain reserves		14			(4	)		5			5			(19	)		13			(15	)		2
Net equity transactions		(22	)		(40	)		(1	)		(1	)		9,335			(70,443	)		(70	)		(43	)
Net change in contract owners’ equity		30			47			11			19			16,751			(53,210	)		348			163
Contract owners’ equity at beginning of period		526			479			93			74			20,949			74,159			718			555
Contract owners’ equity at end of period	$	556			526			104			93			37,700			20,949			1,066			718
CHANGE IN UNITS:
Beginning units		22			24			3			3			759			3,544			26			28
Units purchased		-			23			-			3			502			780			-			27
Units surrendered		(1	)		(25	)		-			(3	)		(210	)		(3,565	)		(2	)		(29	)
Ending units		21			22			3			3			1,051			759			24			26

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	NVOLG1						SAM5						SCF						SCGF
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	38			1,125			118,134			1,471,228			(1,860	)		(2,063	)		-			-
Realized gain (loss) on investments		(9,928	)		(70	)		-			-			(147,482	)		(49,602	)		(6	)		(2	)
Change in unrealized gain (loss) on investments		11,786			(10,890	)		-			-			338,609			179,921			125			15
Reinvested capital gains		356			17,786			-			-			45,739			138,193			64			118
Net increase (decrease) in contract owners’ equity resulting from operations		2,252			7,951			118,134			1,471,228			235,006			266,449			183			131
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			(609	)		23,265			14,652			(541	)		(696	)		-			-
Transfers between funds		(74,278	)		66,775			2,977,879			4,967,775			(159,586	)		(61,878	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(327	)		(595	)		(1,476,309	)		(4,178,227	)		(14,219	)		(15,789	)		(33	)		(30	)
Adjustments to maintain reserves		3			(1	)		79			(66	)		4			(8	)		36			(37	)
Net equity transactions		(74,602	)		65,570			1,524,914			804,134			(174,342	)		(78,371	)		3			(67	)
Net change in contract owners’ equity		(72,350	)		73,521			1,643,048			2,275,362			60,664			188,078			186			64
Contract owners’ equity at beginning of period		76,283			2,762			88,973,941			86,698,579			1,256,924			1,068,846			455			391
Contract owners’ equity at end of period	$	3,933			76,283			90,616,989			88,973,941			1,317,588			1,256,924			641			455
CHANGE IN UNITS:
Beginning units		4,276			213			7,498,692			7,455,119			22,870			24,425			10			12
Units purchased		-			4,305			4,262,829			1,820,590			17,870			265			-			11
Units surrendered		(4,091	)		(242	)		(4,202,757	)		(1,777,017	)		(23,953	)		(1,820	)		-			(13	)
Ending units		185			4,276			7,558,764			7,498,692			16,787			22,870			10			10

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	SCVF						TRF						AMCG						AMSRS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(2	)		83			2,267			1,919			-			-			3,104			1,580
Realized gain (loss) on investments		(548	)		(168	)		996			1,166			6			3			1			(53	)
Change in unrealized gain (loss) on investments		851			(1,294	)		3,021			37,017			141			84			87,492			18,710
Reinvested capital gains		42			3,009			15,554			8,479			24			30			25,385			30,705
Net increase (decrease) in contract owners’ equity resulting from operations		343			1,630			21,838			48,581			171			117			115,982			50,942
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			14			-			-			-			-			-
Transfers between funds		-			-			(14	)		-			-			-			-			553,125
Surrenders (notes 2, 3, 4, 5 and 6)		(554	)		(637	)		(1,459	)		(1,570	)		(32	)		(30	)		(4,075	)		(2,863	)
Adjustments to maintain reserves		7			26			19			(19	)		(19	)		1			7			(4	)
Net equity transactions		(547	)		(611	)		(1,440	)		(1,589	)		(51	)		(29	)		(4,068	)		550,258
Net change in contract owners’ equity		(204	)		1,019			20,398			46,992			120			88			111,914			601,200
Contract owners’ equity at beginning of period		9,949			8,930			214,970			167,978			461			373			601,200			-
Contract owners’ equity at end of period	$	9,745			9,949			235,368			214,970			581			461			713,114			601,200
CHANGE IN UNITS:
Beginning units		148			199			6,419			6,449			10			10			54,990			-
Units purchased		-			152			-			6,432			-			10			-			110,410
Units surrendered		(10	)		(203	)		(44	)		(6,462	)		(1	)		(10	)		(381	)		(55,420	)
Ending units		138			148			6,375			6,419			9			10			54,609			54,990

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	PMVAAA						PMVHYA						PMVLDA						PMVRRA
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	812			484			11,379			9,601			7,018			15,282			8,674			27,897
Realized gain (loss) on investments		61			107			(247	)		1,377			(2,184	)		(513	)		40,142			(32,765	)
Change in unrealized gain (loss) on investments		379			1,346			2,512			5,748			13,618			7,383			31,612			179,861
Reinvested capital gains		-			-			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,252			1,937			13,644			16,726			18,452			22,152			80,428			174,993
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			-			-			87,388			-			-			1,465
Transfers between funds		-			-			18,951			210,868			77,284			40,220			(36,252	)		(120,496	)
Surrenders (notes 2, 3, 4, 5 and 6)		(1,155	)		(1,167	)		(3,818	)		(2,875	)		(10,713	)		(8,881	)		(9,719	)		(1,662,510	)
Adjustments to maintain reserves		9			11			31			(30	)		63			(5	)		66			56
Net equity transactions		(1,146	)		(1,156	)		15,164			207,963			154,022			31,334			(45,905	)		(1,781,485	)
Net change in contract owners’ equity		106			781			28,808			224,689			172,474			53,486			34,523			(1,606,492	)
Contract owners’ equity at beginning of period		17,903			17,122			224,689			-			605,387			551,901			720,682			2,327,174
Contract owners’ equity at end of period	$	18,009			17,903			253,497			224,689			777,861			605,387			755,205			720,682
CHANGE IN UNITS:
Beginning units		797			871			19,969			-			37,423			36,229			35,365			123,552
Units purchased		-			820			1,706			20,234			10,068			35,982			41,650			383
Units surrendered		(54	)		(894	)		(343	)		(265	)		(652	)		(34,788	)		(44,655	)		(88,570	)
Ending units		743			797			21,332			19,969			46,839			37,423			32,360			35,365

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	PMVTRA						ROCMC						TRBCGP						TREI2
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	105,829			50,795			(105	)		(156	)		(635	)		(586	)		3,004			1,641
Realized gain (loss) on investments		13,807			2,525			(4,452	)		(831	)		42,392			8,884			(1,589	)		(10	)
Change in unrealized gain (loss) on investments		240,694			35,306			13,592			6,620			152,814			39,740			5,621			12,877
Reinvested capital gains		65,888			-			707			6,620			21,879			14,663			4,025			5,683
Net increase (decrease) in contract owners’ equity resulting from operations		426,218			88,626			9,742			12,253			216,450			62,701			11,061			20,191
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		99,257			-			296			104			-			19			-			3
Transfers between funds		1,831,741			3,194,794			(24,696	)		(4,985	)		(90,354	)		559,475			86,327			(952	)
Surrenders (notes 2, 3, 4, 5 and 6)		(165,282	)		(58,592	)		(1,891	)		(2,487	)		(9,928	)		(96,012	)		(4,159	)		(2,847	)
Adjustments to maintain reserves		358			(269	)		(14	)		11			36			(20	)		(38	)		10
Net equity transactions		1,766,074			3,135,933			(26,305	)		(7,357	)		(100,246	)		463,462			82,130			(3,786	)
Net change in contract owners’ equity		2,192,292			3,224,559			(16,563	)		4,896			116,204			526,163			93,191			16,405
Contract owners’ equity at beginning of period		3,884,109			659,550			73,710			68,814			586,377			60,214			96,048			79,643
Contract owners’ equity at end of period	$	6,076,401			3,884,109			57,147			73,710			702,581			586,377			189,239			96,048
CHANGE IN UNITS:
Beginning units		171,990			31,999			2,056			2,292			18,716			2,517			2,533			2,656
Units purchased		95,258			144,356			9			102			-			19,601			2,567			571
Units surrendered		(19,768	)		(4,365	)		(776	)		(338	)		(1,999	)		(3,402	)		(129	)		(694	)
Ending units		247,480			171,990			1,289			2,056			16,717			18,716			4,971			2,533

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	TRLT1						TRMCG2						TRNAG1						VWEM
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	55,813			54,142			(490	)		(712	)		(4	)		7			7,166			2,754
Realized gain (loss) on investments		76,610			2,996			8,802			22,084			58			16			30,700			(956	)
Change in unrealized gain (loss) on investments		37,244			45,270			34,965			41,877			687			653			(117,216	)		355,020
Reinvested capital gains		-			-			23,878			24,221			663			214			13,573			32,860
Net increase (decrease) in contract owners’ equity resulting from operations		169,667			102,408			67,155			87,470			1,404			890			(65,777	)		389,678
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			(368	)		(643	)		-			-			-			73,381
Transfers between funds		835,571			(242,107	)		(25,388	)		(45,305	)		-			-			(1,087,003	)		64,180
Surrenders (notes 2, 3, 4, 5 and 6)		(39,701	)		(31,743	)		(10,555	)		(10,169	)		(252	)		(201	)		(46,749	)		(76,203	)
Adjustments to maintain reserves		313			16			(44	)		6			27			2			(28	)		37
Net equity transactions		796,183			(273,834	)		(36,355	)		(56,111	)		(225	)		(199	)		(1,133,780	)		61,395
Net change in contract owners’ equity		965,850			(171,426	)		30,800			31,359			1,179			691			(1,199,557	)		451,073
Contract owners’ equity at beginning of period		2,394,371			2,565,797			334,175			302,816			3,333			2,642			1,722,192			1,271,119
Contract owners’ equity at end of period	$	3,360,221			2,394,371			364,975			334,175			4,512			3,333			522,635			1,722,192
CHANGE IN UNITS:
Beginning units		215,994			240,929			4,216			5,004			65			71			39,293			37,949
Units purchased		363,528			16,349			2,452			375			-			67			6,775			3,825
Units surrendered		(293,652	)		(41,284	)		(2,997	)		(1,163	)		(4	)		(73	)		(39,111	)		(2,481	)
Ending units		285,870			215,994			3,671			4,216			61			65			6,957			39,293

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	VWHA						SVOF						DVIV						NVMLV1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	11			(2	)		2			1			112			62			65			1,096
Realized gain (loss) on investments		(11	)		(5	)		(1	)		(1	)		(120	)		30			(3,601	)		(16	)
Change in unrealized gain (loss) on investments		244			164			63			74			(708	)		534			1,103			(338	)
Reinvested capital gains		-			-			38			55			-			-			1,819			380
Net increase (decrease) in contract owners’ equity resulting from operations		244			157			102			129			(716	)		626			(614	)		1,122
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			-			-			4			-			-			-
Transfers between funds		-			-			-			-			(2,557	)		-			(4,540	)		-
Surrenders (notes 2, 3, 4, 5 and 6)		(85	)		(95	)		(31	)		(30	)		(70	)		(209	)		(242	)		(332	)
Adjustments to maintain reserves		(11	)		-			(12	)		(24	)		(7	)		10			1			3
Net equity transactions		(96	)		(95	)		(43	)		(54	)		(2,630	)		(199	)		(4,781	)		(329	)
Net change in contract owners’ equity		148			62			59			75			(3,346	)		427			(5,395	)		793
Contract owners’ equity at beginning of period		1,441			1,379			512			437			3,346			2,919			5,395			4,602
Contract owners’ equity at end of period	$	1,589			1,441			571			512			-			3,346			-			5,395
CHANGE IN UNITS:
Beginning units		41			64			13			15			140			153			218			236
Units purchased		-			42			-			14			-			144			-			224
Units surrendered		(3	)		(65	)		(1	)		(16	)		(140	)		(157	)		(218	)		(242	)
Ending units		38			41			12			13			-			140			-			218

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	DWVSVS					JAMGS					SBVSG					LOVTRC
	2020		2019			2020		2019			2020		2019			2020		2019
Investment activity:
Net investment income (loss)	$	-		12			-		(17	)		-		(120	)		-		(49	)
Realized gain (loss) on investments		-		(284	)		-		7,248			-		(347	)		-		(2,129	)
Change in unrealized gain (loss) on investments		-		385			-		(5,800	)		-		1,044			-		4,392
Reinvested capital gains		-		159			-		525			-		2,018			-		-
Net increase (decrease) in contract owners’ equity resulting from operations		-		272			-		1,956			-		2,595			-		2,214
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-		-			-		21			-		3			-		28
Transfers between funds		-		(122	)		-		(111,355	)		-		66,120			-		(46,518	)
Surrenders (notes 2, 3, 4, 5 and 6)		-		(2,077	)		-		(9,428	)		-		(81,231	)		-		(27,927	)
Adjustments to maintain reserves		-		(2	)		-		5			-		3			-		(3	)
Net equity transactions		-		(2,201	)		-		(120,757	)		-		(15,105	)		-		(74,420	)
Net change in contract owners’ equity		-		(1,929	)		-		(118,801	)		-		(12,510	)		-		(72,206	)
Contract owners’ equity at beginning of period		-		1,929			-		118,801			-		12,510			-		72,206
Contract owners’ equity at end of period	$	-		-			-		-			-		-			-		-
CHANGE IN UNITS:
Beginning units		-		120			-		8,780			-		509			-		6,921
Units purchased		-		-			-		-			-		2,346			-		-
Units surrendered		-		(120	)		-		(8,780	)		-		(2,855	)		-		(6,921	)
Ending units		-		-			-		-			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

	SAM					AMTP					AMGP
	2020		2019			2020		2019			2020		2019
Investment activity:
Net investment income (loss)	$	-		-			-		10,335			-		-
Realized gain (loss) on investments		-		-			-		64,356			-		-
Change in unrealized gain (loss) on investments		-		-			-		(131,750	)		-		-
Reinvested capital gains		-		-			-		116,951			-		-
Net increase (decrease) in contract owners’ equity resulting from operations		-		-			-		59,892			-		-
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-		-			-		-			-		(3	)
Transfers between funds		-		-			-		(553,125	)		-		3
Surrenders (notes 2, 3, 4, 5 and 6)		-		(1	)		-		(1,533	)		-		-
Adjustments to maintain reserves		-		-			-		3			-		-
Net equity transactions		-		(1	)		-		(554,655	)		-		-
Net change in contract owners’ equity		-		(1	)		-		(494,763	)		-		-
Contract owners’ equity at beginning of period		-		1			-		494,763			-		-
Contract owners’ equity at end of period	$	-		-			-		-			-		-
CHANGE IN UNITS:
Beginning units		-		-			-		18,598			-		-
Units purchased		-		-			-		-			-		-
Units surrendered		-		-			-		(18,598	)		-		-
Ending units		-		-			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide VL Separate Account-C (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life and Annuity 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 Corporate Flexible Premium 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 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 Small/Mid Cap Value Portfolio: Class A (ALVSVA)*

AMERICAN CENTURY INVESTORS, INC.

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)*

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, 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) - Bond Fund: 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 PIONEER

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 - Growth and Income Portfolio: Initial Shares (DGI)*

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)*

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)*

DWS INVESTMENT MANAGEMENT AMERICAS, INC.

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 Fund for U.S. Government Securities II (FVUS2)*

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)*

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Initial Class (FCP)*

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)*

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 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 - VIP Growth Opportunities Portfolio: Service Class (FGOS)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)*

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)*

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 Mid Cap Portfolio: Service Class (FMCS)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)*

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)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

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 Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)*

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)

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 Growth Opportunities Fund: Service Shares (GVGOPS)*

Goldman Sachs Variable Insurance Trust - Goldman Sachs Mid Cap Value Fund: Institutional Shares (GVMCE)

INVESCO INVESTMENTS

Invesco - Invesco V.I. Growth and Income Fund: Series I Shares (ACGI)*

Invesco - Invesco V.I. Value Opportunities Fund: Series I Shares (AVBVI)*

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. Mid Cap Core Equity Fund: Series I Shares (AVMCCI)*

Invesco - Invesco V.I. Small Cap Equity Fund: Series I Shares (AVSCE)*

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)

Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)*

Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)

Invesco Oppenheimer V.I. Capital Appreciation Fund: Series I (OVGR)

Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)

Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)*

Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)*

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)*

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)*

Ivy Variable Insurance Portfolios - Growth: Class II (WRGP)*

Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)*

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)

Ivy Variable Insurance Portfolios - Securian Real Estate Securities: Class II (WRRESP)

Ivy Variable Insurance Portfolios - 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 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)*

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

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)*

MAINSTAY FUNDS

MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Service Class (MNVFRS)*

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: Service Class (MNDSC)*

MFS(R) Variable Insurance Trust II - MFS Emerging Markets Equity Portfolio: Service Class (MV2EES)*

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: Service Class (MVFSC)

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. - 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 - BlackRock NVIT 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 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 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 - Federated NVIT High Income Bond Fund: Class I (HIBF)

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)

Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)*

Nationwide Variable Insurance Trust - NVIT 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 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 International Index Fund: Class I (NVIX)*

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)*

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I (NVNSR1)*

Nationwide Variable Insurance Trust - NVIT 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 Short Term Bond Fund: Class I (NVSTB1)*

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)

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

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)*

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 - Total Return Portfolio: Administrative Class (PMVTRA)

PUTNAM INVESTMENTS

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 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 New America Growth Portfolio (TRNAG1)

T. Rowe Price Equity Series, Inc. - T. Rowe Price Moderate Allocation Portfolio (TRPSB1)*

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class (VWBF)*

VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)

VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)

VIRTUS MUTUAL FUNDS

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I (VRVDRI)*

WELLS FARGO FUNDS

Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)*

Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)*

* At December 31, 2020, 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.

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, 2020 and for each of the years in the two-year period ended December 31, 2020. For the subaccounts listed below with inception or liquidation dates in 2020, the financial statements are as of December 31, 2020 and for the period from the inception date to December 31, 2020 or from January 1, 2020 to the liquidation date. For the subaccounts listed below with inception or liquidation dates in 2019, the financial statements are as of December 31, 2020 and for the period from inception date to December 31, 2019 or from January 1, 2019 to the liquidation date:

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Inception Date		Liquidation Date
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)		9/11/2020
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)		4/30/2019
PIMCO VIT High Yield - Admin (PMVHYA)		4/2/2019
BNY Mellon Variable Investment Fund - International Value Portfolio: Initial Shares (DVIV)				4/30/2020
Neuberger Berman Advisers Management Trust - Guardian Portfolio: I Class Shares (AMGP)				4/30/2019
Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)				4/30/2019

For the one-year period ended December 31, 2020, the following subaccount mergers occurred. The subaccounts that were acquired during the year are no longer available as of December 31, 2020.
Acquired Subaccount Abbreviation	Acquired Subaccount	Acquiring Subaccount Abbreviation	Acquiring Subaccount	Effective Date
IVKMG1	Invesco - Invesco V.I. Mid Cap Growth Fund: Series I Shares	OVAG	Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I		4/30/2020
NVMLV1	Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I	NVAMVX	Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X		9/11/2020

For the one-year period ended December 31, 2020, the following subaccount name changes occurred:
Subaccount Abbreviation	Current Legal Name	Prior Legal Name	Effective Date
ACVIG	American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I	American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class I		9/25/2020
AMVGB2	American Funds Insurance Series(R) - Capital World Bond Fund: Class 2	American Funds Insurance Series(R) - Global Bond Fund: Class 2		5/1/2020
FQB	Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares	Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares		5/1/2020
FVUS2	Federated Hermes Insurance Series - Federated Hermes Fund for U.S. Government Securities II	Federated Insurance Series - Federated Fund for U.S. Government Securities II		5/1/2020
JABS	Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares	Janus Henderson VIT Balanced Portfolio: Service Shares		5/1/2020
JACAS	Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares	Janus Henderson VIT Forty Portfolio: Service Shares		5/1/2020
JAFBS	Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares	Janus Henderson VIT Flexible Bond Portfolio: Service Shares		5/1/2020
JAGTS	Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares	Janus Henderson VIT Global Technology Portfolio: Service Shares		5/1/2020
JAIGS	Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares	Janus Henderson VIT Overseas Portfolio: Service Shares		5/1/2020
JAMGS	Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares	Janus Henderson VIT Enterprise Portfolio: Service Shares		5/1/2020
JAMVS	Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Service Shares	Janus Henderson VIT Mid Cap Value Portfolio: Service Shares		5/1/2020
NVCCA1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class I		5/1/2020
NVCCN1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class I		5/1/2020
NVCMA1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class I		5/1/2020
NVCMC1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class I		5/1/2020
NVCMD1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class I		5/1/2020
NVCRA1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class I		5/1/2020
NVCRB1	Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I	Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class I		5/1/2020
NVMLG1	Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I	Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I		1/21/2020
NVMMG1	Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I	Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I		1/21/2020
NVNSR1	Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I	Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I		5/1/2020
NVOLG1	Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I	Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class I		5/1/2020
TRF	Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I	Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I		5/1/2020

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

(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, 2020 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 Company’s operations and financial condition. The extent to which the COVID-19 pandemic may impact the Company’s 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) 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 - assessed through a surrender of units	Equal, on an annual basis, to 0.10% - 0.75% of the daily value of the assets invested in each fund
Sales Charge/Percent of Premium Charge - assessed through a deduction from premium payments	Up to 9.0% of each premium payment
Cost of Insurance Charges - assessed through a surrender of units	$0.03 - $83.33 per $1,000 of a policy’s net amount at risk
Administrative Charge - assessed through a surrender of units	$5 - $10 per policy, per month
Policy Loan Interest Charge - assessed through a surrender of units	Up to 3.75% of an outstanding policy loan
Partial Surrender Fee - assessed through a surrender of units	$0 - $25
Rider Charges - annualized and assessed through a surrender of units
Additional (insurance) Protection Rider Charge	$0.01 - $83.33 per month per $1,000 of additional protection

For the years ended December 31, 2020 and 2019, total front-end sales charge deductions were $13,336 and $436, respectively and were recognized as part of purchase payments on the Statements of Changes in Contract Owners’ Equity.

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

(3) 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.

For corporate flexible premium policies, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.75% of the policy’s cash value.

On a current basis, this charge varies based on when the policy was issued and reduces based on how long the policy has been in force for most issues:

· For policies with applications signed on or after January 3, 2006:

Charge for policy years 1-4	Charge for policy years 5-15	Charge for policy years 16+
0.25% of daily net assets	0.20% of daily net assets	0.10% of daily net assets

· For policies with applications signed before January 3, 2006:

Charge for policy years 1-4	Charge for policy years 5-20	Charge for policy years 21+
0.40% of daily net assets	0.25% of daily net assets	0.10% of daily net assets

A reduced fee tier rate for corporate flexible premium policies may apply as either 0.10%, 0.20% or 0.25% for all policy years. These charges are assessed through a reduction in the unit value. The Company may reduce or eliminate certain charges, where the size or nature of the group results in savings in sales, underwriting, administrative or other costs, to the Company. These charges may be reduced in certain group, sponsored arrangements or special exchange programs made available by the Company.

(4) Death Benefits

Death benefit proceeds result in a 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. For last survivor flexible premium policies, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the policy value on the date of death, the excess is paid by the Company’s 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.

(5) Policy Loans (Net of Repayments)

Policy provisions allow policyholders to borrow 90% of a policy’s non-loaned subaccount cash value. Interest is charged on the outstanding loan and is due and payable in advance on the policy anniversary, or when the loan is repaid or a new loan is effective. The interest rate is guaranteed not to exceed 3.75%. At the time the loan is granted, the amount of the loan is transferred from the Separate Account to the Company’s 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. Interest credited is paid by the Company’s 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.

(6) 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, 2020 and 2019, total transfers to the Separate Account from the fixed account were $72,075 and $155,937, respectively, and total transfers from the Separate Account to the fixed account were $74,478 and $946,447, respectively.

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

(7) Fair Value Measurement

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the 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 or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.

• Level 3 – Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s 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, 2020:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	174,221,156	$	-	$	-	$	174,221,156

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2020 are as follows:

Subaccount Abbreviation*	Purchases of Investments		Sales of Investments
ALVGIA	$	2,030	$	33,341
ALVIVA		59,990		50,350
ACVCA		13		7
ACVI		17,046		869,789
ACVIG		33,028		60,043
ACVMV1		2,611		6,382
ACVU1		3,699		18,020
ACVV		5,107		4,196
AMVGR2		229,976		414,622
AMVI2		27,303		26,464
PIHYB1		652		861
MLVLC2		200		150
DCAP		63,421		11,014
DSIF		6,294,128		7,814,210
DSRG		137		423
DVSCS		2,029,792		1,978,221
CVSPIP		3,316,003		106,502
FQB		27		64
FCS		79,853		162,863
FEIS		1,793		1,979
FGOS		61,807		45,927
FGS		1,527,595		2,742,611
FHIS		374		541
FIGBS		63,489		1,892
FMCS		28,548		36,341
FOS		53,090		13,965
FVSS		120		122
FTVSV2		607,504		979,118
TIF2		109		12,682
GVMCE		684		2,094
AVIE		155		230
OVAG		624		540
OVGI		93		57
OVGR		108,067		7,462

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

OVGS		324,163		499,381
WRMCG		123,044		238,442
WRRESP		2,773		2,072
JPMMV1		279,838		399,659
JABS		160,528		31,841
JACAS		2,002		38,287
JAGTS		5,321		4,213
JAIGS		10,038		559,881
LZREMS		5,430		7,765
BNCAI		36,638		56,033
LOVBD		16,746		19,513
MV2RIS		31,923		23,593
MVBRES		73,128		48,601
MVFSC		396,624		385,849
MVIVSC		261,500		382,718
MSEM		451		714
MSVMG		93		56
MSVRE		24,188		29,156
EIF		42		48
GBF		214,049		146,742
GEM		2		716,722
GIG		8,238		30,237
GVIDM		303,863		3,846
HIBF		69,138		25,230
MCIF		3,939,599		3,983,966
MSBF		98		196
NVAMVX		4,603		83
NVBX		3,260,230		2,718,901
NVCCN1		77		1,125
NVCMA1		788		1,720
NVCMC1		43		241
NVCMD1		19		36
NVCRA1		1		7
NVMLG1		87,080		62,252
NVMMG1		113		56
NVOLG1		403		74,615
SAM5		14,945,363		13,302,395
SCF		270,957		401,425
SCGF		64		33
SCVF		48		562
TRF		18,032		1,670
AMCG		24		32
AMSRS		29,080		4,668
PMVAAA		829		1,171
PMVHYA		56,126		29,635
PMVLDA		218,332		57,364
PMVRRA		440,522		477,860
PMVTRA		2,132,087		194,858
ROCMC		21,245		46,934
TRBCGP		168,934		247,970
TREI2		104,068		14,870
TRLT1		3,292,777		2,441,095
TRMCG2		60,661		73,584
TRNAG1		663		255
VWEM		22,610		1,135,622
VWHA		12		86
SVOF		40		31
NVMLV1		1,887		4,784
DVIV		113		2,624
	$	46,046,356	$	44,336,408

* Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

(8) Financial Highlights

The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable life insurance policies as of December 31, 2020, and the investment income ratio and total return for each of the periods in the five-year period ended December 31, 2020. 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					Contact Owners’ Equity		Investment Income Ratio**		Total Return***
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA)
2020				0.10%		431				$	45.57	$	19,641		1.20%				2.62%
2019		0.10%	to	0.25%		1,254		44.41	to		43.27		54,739		1.24%		23.79%	to	23.60%
2018		0.10%	to	0.25%		1,299		35.87	to		35.01		45,918		0.00%		-5.70%	to	-5.84%
2017				0.25%		1,310					37.18		48,705		1.51%				18.63%
2016				0.25%		1,603					31.34		50,239		0.97%				11.02%
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class A (ALVIVA)
2020				0.20%		12,030					9.73		117,067		2.02%				2.26%
2019				0.20%		10,733					9.52		102,137		0.95%				16.90%
2018				0.20%		10,644					8.14		86,644		1.47%				-22.94%
2017				0.20%		11,076					10.56		117,006		2.28%				25.17%
2016				0.20%		11,399					8.44		96,203		1.29%				-0.70%
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)
2020				0.10%		3					56.43		169		0.00%				42.31%
2019				0.10%		3					39.65		119		0.00%				35.43%
2018				0.25%		2					42.64		85		0.00%				-5.43%
2017				0.25%		2					45.09		90		0.00%				21.49%
2016				0.25%		2					37.11		74		0.00%				2.97%
American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)
2020				0.10%		44					31.01		1,365		1.28%				25.75%
2019		0.10%	to	0.25%		37,640		24.66	to		23.94		901,431		0.87%		28.29%	to	28.10%
2018		0.10%	to	0.25%		39,599		19.22	to		18.69		740,276		0.00%		-15.31%	to	-15.43%
2017				0.25%		41,309					22.10		912,989		0.87%				30.88%
2016				0.25%		43,176					16.89		729,110		1.05%				-5.73%
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)
2020				0.10%		15,053					35.40		532,828		1.94%				11.70%
2019		0.10%	to	0.25%		16,871		31.69	to		34.27		538,386		2.07%		23.83%	to	23.64%
2018		0.10%	to	0.25%		18,189		25.59	to		27.72		502,082		0.00%		-6.96%	to	-7.10%
2017				0.25%		21,360					29.83		637,269		2.38%				20.19%
2016				0.25%		23,026					24.82		571,595		2.34%				13.20%
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)
2020				0.10%		5,655					28.52		161,259		1.82%				1.11%
2019				0.25%		6,023					27.69		166,772		2.07%				28.83%
2018				0.25%		6,408					21.49		137,729		0.00%				-13.05%
2017				0.25%		6,636					24.72		164,044		1.55%				11.42%
2016				0.25%		6,840					22.19		151,762		1.66%				22.55%
American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)
2020				0.10%		574					61.68		35,407		0.00%				49.70%
2019		0.10%	to	0.25%		1,004		41.20	to		40.13		40,749		0.00%		34.44%	to	34.24%
2018		0.10%	to	0.25%		1,028		30.65	to		29.89		30,964		0.00%		0.66%	to	0.51%
2017				0.25%		1,043					29.74		31,020		0.35%				31.90%
2016				0.25%		967					22.55		21,805		0.31%				4.19%
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV)
2020				0.10%		1,330					51.50		68,500		2.32%				0.88%
2019				0.10%		1,372					51.06		70,049		2.19%				26.91%
2018				0.25%		4,598					35.28		162,208		0.00%				-9.38%
2017				0.25%		4,721					38.93		183,784		1.66%				8.48%
2016				0.25%		4,855					35.89		174,232		1.36%				20.18%
American Funds Insurance Series(R) - Growth Fund: Class 2 (AMVGR2)
2020				0.10%		31,433					48.93		1,537,911		0.32%				51.93%
2019				0.25%		37,988					31.77		1,206,814		0.75%				30.45%
2018				0.25%		41,470					24.35		1,009,937		0.42%				-0.50%
2017				0.25%		47,854					24.48		1,171,236		0.51%				27.97%
2016				0.25%		51,707					19.13		988,921		0.77%				9.21%
American Funds Insurance Series(R) - International Fund: Class 2 (AMVI2)
2020				0.20%		5,021					17.09		85,798		0.67%				13.75%
2019				0.20%		5,066					15.02		76,106		1.40%				22.64%
2018				0.20%		5,675					12.25		69,518		1.56%				-13.31%
2017				0.20%		6,791					14.13		95,958		1.50%				31.88%
2016				0.20%		4,762					10.71		51,022		1.38%				3.33%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)
2020				0.10%		354				35.77		12,663		5.41%				2.38%
2019				0.10%		380				34.94		13,277		4.90%				14.33%
2018				0.25%		416				29.82		12,405		4.70%				-3.57%
2017				0.25%		442				30.92		13,668		4.62%				6.99%
2016				0.25%		468				28.90		13,527		3.13%				13.96%
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class II (MLVLC2)
2020				0.10%		57				39.14		2,231		0.94%				19.54%
2019				0.10%		62				32.74		2,030		1.24%				28.54%
2018				0.25%		67				24.95		1,672		1.31%				-5.60%
2017				0.25%		71				26.43		1,877		1.15%				21.77%
2016				0.25%		76				21.71		1,650		0.89%				10.13%
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)
2020		0.10%	to	0.25%		18,724		43.08	to	47.75		809,915		0.79%		23.57%	to	23.38%
2019		0.10%	to	0.25%		18,855		34.86	to	38.70		661,981		1.17%		35.96%	to	35.76%
2018		0.10%	to	0.25%		17,440		25.64	to	28.51		494,762		1.26%		-6.95%	to	-7.09%
2017				0.25%		17,484				30.68		536,446		1.35%				27.01%
2016				0.25%		17,627				24.16		425,805		1.63%				7.63%
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)
2020		0.10%	to	0.25%		478,765		40.83	to	45.98		19,565,049		1.58%		17.89%	to	17.71%
2019		0.10%	to	0.25%		540,231		34.63	to	39.06		19,349,790		1.66%		31.05%	to	30.86%
2018		0.10%	to	0.25%		726,329		26.43	to	29.85		19,839,583		1.65%		-4.73%	to	-4.87%
2017		0.10%	to	0.25%		789,127		27.74	to	31.38		22,671,891		1.75%		21.42%	to	21.24%
2016		0.10%	to	0.25%		762,574		22.85	to	25.88		18,069,259		2.02%		11.60%	to	11.43%
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)
2020				0.10%		212				32.68		6,929		1.09%				24.02%
2019				0.10%		228				26.35		6,008		1.46%				34.22%
2018				0.25%		212				22.53		4,776		1.63%				-4.64%
2017				0.25%		466				23.63		11,010		1.13%				15.05%
2016				0.25%		483				20.54		9,919		1.16%				10.10%
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)
2020				0.10%		90,121				49.01		4,417,275		1.03%				10.53%
2019		0.10%	to	0.25%		95,468		44.35	to	43.19		4,157,684		0.92%		22.09%	to	21.91%
2018		0.20%	to	0.25%		109,525		35.72	to	35.43		3,910,850		0.85%		-9.16%	to	-9.20%
2017		0.20%	to	0.25%		116,301		39.32	to	39.02		4,570,782		0.66%		12.18%	to	12.12%
2016		0.20%	to	0.25%		117,576		35.05	to	34.80		4,119,410		0.97%		25.48%	to	25.41%
Calvert VP S&P 500 Index Portfolio (CVSPIP)
2020				0.10%		169,432				22.17		3,756,996		2.79%				17.98%
2019				0.10%		141				18.79		2,650		1.80%				31.02%
2018				0.25%		152				14.24		2,165		1.93%				-4.97%
2017				0.25%		161				14.99		2,413		1.46%				21.16%
2016				0.25%		171				12.37		2,116		1.05%				11.30%
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)
2018				0.25%		120				16.08		1,929		0.62%				-17.15%
2017				0.25%		348				19.41		6,754		0.80%				11.48%
2016				0.25%		4,438				17.41		77,259		0.17%				30.76%
Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)
2020				0.10%		33				27.44		905		2.75%				8.01%
2019				0.10%		35				25.40		889		2.94%				9.33%
2018				0.25%		39				22.56		880		0.01%				-0.84%
2017				0.25%		308,366				22.75		7,015,146		3.23%				3.78%
2016				0.25%		314,385				21.92		6,891,827		0.00%				3.57%
Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)
2016				0.25%		90,306				20.00		1,806,136		1.48%				2.81%
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS)
2020		0.10%	to	0.20%		3,816		61.78	to	60.76		232,611		0.15%		30.30%	to	30.17%
2019		0.10%	to	0.25%		5,393		47.41	to	55.22		260,182		0.36%		31.32%	to	31.12%
2018		0.10%	to	0.25%		6,041		36.10	to	42.11		224,321		0.57%		-6.58%	to	-6.72%
2017		0.20%	to	0.25%		6,425		38.12	to	45.15		258,763		0.91%		21.52%	to	21.46%
2016		0.20%	to	0.25%		6,610		31.37	to	37.17		218,861		0.30%		7.70%	to	7.64%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS)
2020				0.10%		862				36.23		31,228		1.73%				6.44%
2019				0.10%		926				34.04		31,517		1.34%				27.20%
2018				0.25%		5,124				26.31		134,815		2.26%				-8.63%
2017				0.25%		5,000				28.80		143,978		1.69%				12.52%
2016				0.25%		4,774				25.59		122,171		2.15%				17.61%
Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class (FGOS)
2020		0.10%	to	0.25%		9,587		64.67	to	69.51		623,155		0.01%		68.33%	to	68.07%
2019		0.10%	to	0.25%		9,747		38.42	to	41.35		379,169		0.05%		40.56%	to	40.35%
2018		0.10%	to	0.25%		10,394		27.33	to	29.47		303,184		0.11%		12.23%	to	12.06%
2017				0.25%		10,352				26.29		272,194		0.20%				34.06%
2016				0.25%		10,645				19.61		208,778		0.22%				0.00%
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)
2020		0.10%	to	0.25%		111,143		50.25	to	64.07		5,592,570		0.06%		43.61%	to	43.39%
2019		0.10%	to	0.25%		140,404		34.99	to	44.68		4,926,652		0.17%		34.05%	to	33.85%
2018		0.10%	to	0.25%		153,758		26.10	to	33.38		4,283,811		0.13%		-0.38%	to	-0.53%
2017				0.25%		9,058				33.56		303,981		0.12%				34.67%
2016				0.25%		9,170				24.92		228,521		0.00%				0.46%
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class (FHIS)
2020				0.10%		324				24.14		7,823		4.93%				2.55%
2019				0.10%		348				23.55		8,194		5.07%				14.80%
2018				0.25%		405				18.83		7,626		5.45%				-3.84%
2017				0.25%		430				19.58		8,421		5.21%				6.80%
2016				0.25%		456				18.34		8,361		4.43%				14.09%
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)
2020				0.10%		4,534				19.79		89,734		1.99%				9.15%
2019				0.10%		1,441				18.13		26,130		2.61%				9.47%
2018				0.25%		1,574				16.23		25,543		2.38%				-0.88%
2017				0.25%		1,671				16.37		27,358		0.79%				3.90%
2016				0.25%		14,418				15.76		227,200		2.21%				4.37%
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)
2020		0.10%	to	0.20%		1,489		41.51	to	40.87		60,913		0.50%		17.92%	to	17.80%
2019		0.10%	to	0.20%		1,695		35.20	to	34.69		58,855		0.77%		23.22%	to	23.10%
2018		0.20%	to	0.25%		1,926		28.18	to	27.99		54,257		0.52%		-14.81%	to	-14.85%
2017		0.20%	to	0.25%		2,387		33.08	to	32.87		78,940		0.62%		20.46%	to	20.40%
2016		0.20%	to	0.25%		2,568		27.46	to	27.30		70,502		0.33%		11.89%	to	11.83%
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS)
2020		0.10%	to	0.25%		2,592		28.08	to	26.72		71,097		0.41%		15.38%	to	15.21%
2019		0.10%	to	0.25%		855		24.34	to	23.19		20,244		1.36%		27.55%	to	27.35%
2018		0.10%	to	0.25%		1,824		19.08	to	18.21		33,757		1.12%		-14.97%	to	-15.10%
2017				0.25%		2,205				21.45		47,293		1.25%				29.78%
2016				0.25%		2,759				16.53		45,597		1.08%				-5.36%
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)
2020				0.10%		53				39.72		2,105		1.21%				8.07%
2019				0.10%		57				36.75		2,095		1.57%				34.16%
2018				0.25%		62				26.72		1,657		0.86%				-17.54%
2017				0.25%		66				32.40		2,139		1.39%				18.91%
2016				0.25%		70				27.25		1,907		0.87%				9.21%
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)
2020		0.10%	to	0.20%		62,841		34.20	to	33.67		2,148,532		1.78%		5.08%	to	4.98%
2019		0.10%	to	0.25%		78,223		32.54	to	31.84		2,545,078		0.94%		26.22%	to	26.03%
2018		0.10%	to	0.25%		125,987		25.78	to	25.26		3,216,008		1.13%		-12.96%	to	-13.09%
2017		0.20%	to	0.25%		52,529		29.25	to	29.07		1,527,044		0.54%		10.43%	to	10.38%
2016		0.20%	to	0.25%		76,561		26.49	to	26.33		2,016,362		0.82%		29.93%	to	29.86%
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)
2020				0.10%		96				25.36		2,435		2.62%				-1.26%
2019		0.10%	to	0.25%		608		25.69	to	25.03		15,262		1.75%		12.42%	to	12.25%
2018		0.20%	to	0.25%		633		22.48	to	22.30		14,115		2.34%		-15.61%	to	-15.65%
2017		0.20%	to	0.25%		635		26.64	to	26.44		16,788		2.46%		16.46%	to	16.40%
2016		0.20%	to	0.25%		876		22.87	to	22.71		19,896		2.01%		6.96%	to	6.91%
Goldman Sachs Variable Insurance Trust - Goldman Sachs Mid Cap Value Fund: Institutional Shares (GVMCE)
2020				0.10%		641				54.40		34,870		0.65%				8.29%
2019				0.10%		688				50.23		34,560		0.76%				31.40%
2018				0.25%		883				37.30		32,940		1.33%				-10.68%
2017				0.25%		925				41.77		38,634		0.29%				10.79%
2016				0.25%		2,861				37.70		107,855		0.08%				13.25%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Invesco - Invesco V.I. International Growth Fund: Series I Shares (AVIE)
2020				0.10%		107				35.54		3,803		2.41%				13.88%
2019				0.10%		114				31.21		3,558		1.78%				28.44%
2018				0.25%		4,846				23.77		115,176		2.08%				-15.19%
2017				0.25%		4,770				28.02		133,673		1.61%				22.70%
2016				0.25%		3,682				22.84		84,097		0.28%				-0.70%
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)
2020				0.10%		192				49.98		9,597		0.04%				40.55%
2019				0.10%		206				35.56		7,326		0.00%				39.22%
2018				0.25%		212				26.55		5,628		0.00%				-6.32%
2017				0.25%		226				28.34		6,404		0.03%				28.47%
2016				0.25%		255				22.06		5,625		0.00%				2.08%
Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)
2020				0.10%		23				39.42		907		1.50%				13.83%
2019				0.10%		25				34.63		866		1.06%				31.95%
2018				0.25%		30				23.62		709		1.16%				-8.12%
2017				0.25%		32				25.70		823		1.20%				16.62%
2016				0.25%		55				22.04		1,212		1.13%				11.34%
Invesco Oppenheimer V.I. Capital Appreciation Fund: Series I (OVGR)
2020				0.10%		13,411				49.13		658,817		0.00%				36.45%
2019				0.10%		13,016				36.00		468,604		0.07%				36.06%
2018				0.25%		17,805				29.30		521,763		0.32%				-5.97%
2017				0.25%		18,152				31.16		565,677		0.22%				26.52%
2016				0.25%		22,375				24.63		551,137		0.41%				-2.45%
Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)
2020				0.10%		30,344				45.76		1,388,563		0.69%				27.51%
2019		0.10%	to	0.25%		37,492		35.89	to	34.84		1,306,931		0.88%		31.66%	to	31.46%
2018				0.25%		42,992				26.51		1,139,558		0.99%				-13.40%
2017				0.25%		45,088				30.61		1,380,000		0.91%				36.32%
2016				0.25%		50,278				22.45		1,128,819		0.47%				-0.17%
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)
2020				0.10%		18,666				36.78		686,518		0.00%				48.85%
2019				0.25%		24,895				24.43		608,086		0.00%				37.60%
2018				0.25%		27,711				17.75		491,925		0.00%				-0.31%
2017				0.25%		31,431				17.81		559,691		0.00%				26.58%
2016				0.25%		47,255				14.07		664,776		0.00%				5.85%
Ivy Variable Insurance Portfolios - Securian Real Estate Securities: Class II (WRRESP)
2020				0.10%		1,123				26.80		30,099		1.71%				-3.22%
2019				0.10%		1,205				27.70		33,373		1.57%				24.30%
2018				0.25%		1,316				21.83		28,726		0.00%				-5.81%
2017				0.25%		1,397				23.17		32,375		1.29%				5.12%
2016				0.25%		1,480				22.04		32,627		0.90%				4.01%
JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)
2020				0.10%		17,944				41.16		738,595		1.53%				0.27%
2019		0.10%	to	0.25%		23,621		41.05	to	40.10		947,489		1.56%		26.63%	to	26.44%
2018				0.25%		26,493				31.71		840,132		0.94%				-12.06%
2017				0.25%		27,393				36.06		987,769		0.83%				13.48%
2016				0.25%		37,838				31.78		1,202,325		0.02%				14.41%
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)
2020		0.10%	to	0.25%		5,437		46.87	to	45.60		253,262		1.55%		13.92%	to	13.74%
2019		0.10%	to	0.25%		2,529		41.14	to	40.09		103,303		1.72%		22.15%	to	21.97%
2018		0.10%	to	0.25%		2,103		33.68	to	32.87		69,310		1.57%		0.33%	to	0.18%
2017				0.25%		2,983				32.81		97,872		1.39%				17.84%
2016				0.25%		2,975				27.84		82,832		1.71%				4.06%
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)
2020				0.10%		615				51.32		31,562		0.14%				38.90%
2019		0.10%	to	0.25%		1,644		36.95	to	35.86		59,733		0.02%		36.72%	to	36.51%
2018		0.10%	to	0.25%		2,676		27.03	to	26.27		70,963		1.05%		1.62%	to	1.46%
2017				0.25%		2,704				25.89		70,009		0.00%				29.67%
2016				0.25%		2,704				19.97		53,989		0.86%				1.69%
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)
2020				0.10%		2,153				34.48		74,243		0.00%				50.58%
2019				0.10%		2,311				22.90		52,924		0.41%				44.67%
2018				0.25%		2,543				15.39		39,127		1.07%				0.66%
2017				0.25%		2,701				15.29		41,287		0.44%				44.55%
2016				0.25%		2,861				10.57		30,254		0.08%				13.57%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)
2020		0.10%	to	0.25%		48,333		20.81	to	20.16		1,003,665		0.97%		15.91%	to	15.73%
2019		0.10%	to	0.25%		86,190		17.95	to	17.42		1,502,372		1.85%		26.58%	to	26.39%
2018				0.25%		88,866				13.78		1,224,900		1.67%				-15.35%
2017				0.25%		91,228				16.28		1,485,461		1.60%				30.48%
2016				0.25%		96,947				12.48		1,209,847		4.98%				-6.94%
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)
2018				0.25%		8,780				13.53		118,801		0.12%				-0.91%
2017				0.25%		6,769				13.66		92,436		0.54%				26.77%
2016				0.25%		6,525				10.77		70,288		0.02%				7.72%	****
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)
2020				0.20%		1,192				12.34		14,705		2.68%				-1.47%
2019				0.20%		1,446				12.52		18,105		0.86%				17.91%
2018				0.20%		1,263				10.62		13,412		1.46%				-18.72%
2017				0.20%		1,943				13.06		25,385		1.98%				27.57%
2016				0.20%		1,587				10.24		16,253		1.18%				20.54%
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)
2018				0.25%		509				24.58		12,510		0.00%				3.18%
2017				0.25%		3,959				23.82		94,305		0.00%				23.96%
2016				0.25%		228				19.22		4,381		0.00%				5.54%
Lincoln Variable Insurance Products Trust - Baron Growth Opportunities Fund: Service Class (BNCAI)
2020				0.10%		532				83.04		44,175		0.00%				33.95%
2019		0.10%	to	0.25%		909		61.99	to	60.40		55,436		0.00%		36.25%	to	36.04%
2018		0.10%	to	0.25%		1,365		45.50	to	44.40		61,153		0.00%		-4.03%	to	-4.17%
2017				0.25%		1,383				46.33		64,080		0.00%				26.92%
2016				0.25%		1,424				36.51		51,985		0.50%				5.31%
Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD)
2020				0.10%		32,497				14.14		459,645		3.87%				7.20%
2019				0.25%		34,270				13.08		448,353		3.89%				13.07%
2018				0.25%		36,153				11.57		418,311		4.46%				-4.26%
2017				0.25%		33,418				12.09		403,870		4.18%				8.94%
2016				0.25%		34,445				11.09		382,122		5.34%				11.85%
Lord Abbett Series Fund, Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)
2018				0.25%		-				19.27		1		0.92%				-15.25%
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)
2018				0.25%		6,921				10.43		72,206		2.52%				-1.27%
2017				0.25%		11,152				10.57		117,850		2.38%				3.61%
2016				0.25%		13,578				10.20		138,494		2.61%				4.00%
MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)
2020				0.10%		6,419				14.24		91,434		1.87%				12.60%
2019				0.10%		6,231				12.65		78,824		1.22%				27.54%
2018				0.10%		6,943				9.92		68,864		1.19%				-14.40%
2017				0.25%		7,638				11.54		88,141		1.62%				27.58%
2016				0.25%		8,287				9.05		74,956		1.34%				-1.16%
MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES)
2020				0.10%		62,963				19.66		1,237,803		1.42%				14.95%
2019				0.25%		66,398				16.96		1,125,982		1.24%				28.55%
2018				0.25%		72,920				13.19		961,936		1.11%				-8.22%
2017				0.25%		85,684				14.37		1,231,555		1.30%				20.17%
2016				0.25%		88,316				11.96		1,056,330		1.19%				7.91%
MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)
2020				0.10%		57,202				24.27		1,388,570		1.38%				3.12%
2019		0.10%	to	0.25%		61,128		23.54	to	23.11		1,414,943		1.91%		29.38%	to	29.18%
2018		0.10%	to	0.25%		68,527		18.20	to	17.89		1,227,703		1.32%		-10.45%	to	-10.58%
2017				0.25%		88,679				20.01		1,774,294		1.69%				17.06%
2016				0.25%		94,573				17.09		1,616,517		1.88%				13.49%
MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)
2020				0.10%		36,465				39.77		1,450,100		0.77%				20.09%
2019				0.25%		42,186				32.59		1,374,834		1.52%				25.34%
2018				0.25%		55,150				26.00		1,433,975		0.93%				-9.95%
2017				0.25%		57,078				28.87		1,648,096		1.28%				26.50%
2016				0.25%		62,153				22.83		1,418,651		1.13%				3.58%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)
2020				0.10%		183				57.36		10,497		4.50%				5.44%
2019				0.10%		196				54.40		10,663		5.31%				14.14%
2018				0.25%		299				33.47		10,008		5.59%				-7.18%
2017				0.25%		317				36.06		11,431		5.41%				9.44%
2016				0.25%		336				32.95		11,072		4.67%				10.28%
Morgan Stanley Variable Insurance Fund, Inc. - Discovery Portfolio: Class I (MSVMG)
2020				0.10%		15				82.39		1,236		0.00%				152.05%
2019				0.10%		17				32.69		556		0.00%				39.97%
2018				0.25%		18				22.71		409		0.00%				10.37%
2017				0.25%		19				20.58		391		0.00%				38.42%
2016				0.25%		21				14.86		312		0.00%				-9.01%
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)
2020		0.10%	to	0.20%		530		60.13	to	45.25		24,164		2.79%		-16.93%	to	-17.02%
2019		0.10%	to	0.20%		674		72.39	to	54.53		36,989		1.88%		18.82%	to	18.70%
2018		0.20%	to	0.25%		723		45.94	to	47.69		33,248		2.33%		-7.90%	to	-7.95%
2017		0.20%	to	0.25%		468		49.88	to	51.81		23,382		1.46%		2.90%	to	2.85%
2016		0.20%	to	0.25%		555		48.48	to	50.37		26,942		1.54%		6.60%	to	6.55%
Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)
2020				0.10%		25				30.98		775		1.75%				3.53%
2019				0.10%		26				29.93		778		1.83%				27.18%
2018				0.25%		27				24.87		671		1.79%				-7.49%
2017				0.25%		28				26.88		753		3.12%				17.70%
2016				0.25%		30				22.84		685		2.29%				17.59%
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)
2020		0.10%	to	0.25%		14,955		23.25	to	23.69		319,245		2.58%		5.98%	to	5.82%
2019		0.10%	to	0.25%		12,018		21.94	to	22.38		245,013		1.62%		6.16%	to	6.00%
2018		0.20%	to	0.25%		24,117		17.82	to	21.12		490,408		2.24%		-0.25%	to	-0.30%
2017		0.20%	to	0.25%		22,919		17.87	to	21.18		470,434		2.13%		1.88%	to	1.83%
2016		0.20%	to	0.25%		23,448		17.54	to	20.80		471,624		1.91%		0.54%	to	0.49%
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)
2020				0.10%		3				36.96		111		0.00%				13.19%
2019		0.10%	to	0.25%		26,895		32.66	to	31.73		853,265		2.45%		22.82%	to	22.64%
2018				0.25%		28,318				25.87		732,594		0.69%				-17.62%
2017				0.25%		29,557				31.40		928,235		1.36%				41.15%
2016				0.25%		30,756				22.25		684,305		0.83%				7.45%
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)
2020				0.10%		35,175				22.24		782,173		1.21%				7.84%
2019		0.10%	to	0.25%		37,857		20.62	to	20.03		758,393		2.69%		19.00%	to	18.82%
2018				0.25%		35,919				16.86		605,577		2.08%				-14.75%
2017				0.25%		34,652				19.78		685,264		1.73%				27.13%
2016				0.25%		35,717				15.55		555,572		2.36%				0.62%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)
2018				0.25%		-				24.57		2		1.54%				-7.96%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)
2020		0.10%	to	0.25%		12,105		29.79	to	28.95		355,787		0.16%		10.23%	to	10.07%
2019		0.10%	to	0.25%		1,333		27.02	to	26.30		35,415		2.17%		17.63%	to	17.45%
2018		0.10%	to	0.25%		1,434		22.97	to	22.40		32,440		1.66%		-5.77%	to	-5.92%
2017				0.25%		1,444				23.80		34,374		1.76%				12.65%
2016				0.25%		1,522				21.13		32,164		2.18%				6.88%
Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)
2020		0.10%	to	0.25%		33,111		32.89	to	33.16		1,089,568		5.45%		5.91%	to	5.75%
2019		0.10%	to	0.25%		33,173		31.06	to	31.36		1,039,748		5.77%		14.63%	to	14.45%
2018		0.20%	to	0.25%		33,464		27.06	to	27.40		916,701		5.95%		-3.19%	to	-3.24%
2017		0.20%	to	0.25%		33,986		27.95	to	28.32		962,171		5.31%		6.54%	to	6.49%
2016		0.20%	to	0.25%		37,026		26.24	to	26.59		984,206		5.71%		13.93%	to	13.87%
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)
2020				0.10%		133,716				74.65		9,982,001		1.20%				13.00%
2019		0.10%	to	0.20%		196,513		66.06	to	47.86		9,487,398		1.24%		25.53%	to	25.40%
2018		0.10%	to	0.25%		233,975		52.63	to	49.43		9,013,393		1.28%		-11.47%	to	-11.61%
2017		0.20%	to	0.25%		238,155		43.15	to	55.92		10,382,808		1.11%		15.55%	to	15.49%
2016		0.20%	to	0.25%		242,410		37.35	to	48.42		9,078,674		1.14%		20.05%	to	19.99%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)
2020				0.10%		111				27.10		3,009		3.43%				3.96%
2019				0.10%		119				26.07		3,103		4.80%				9.06%
2018				0.25%		131				23.15		3,033		2.73%				-2.59%
2017				0.25%		139				23.77		3,303		4.66%				6.07%
2016				0.25%		143				22.41		3,204		2.73%				8.38%
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)
2020				0.10%		446				11.85		5,286		1.31%				18.52%
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)
2020				0.10%		479,419				12.48		5,984,254		2.35%				7.09%
2019				0.25%		449,920				11.56		5,199,875		2.99%				8.13%
2018				0.25%		312,315				10.69		3,338,264		2.53%				-0.61%
2017				0.25%		369,110				10.75		3,969,717		2.52%				2.86%
2016				0.25%		384,423				10.46		4,019,298		2.44%				2.01%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1)
2020				0.10%		904				17.83		16,114		0.25%				7.58%
2019				0.10%		970				16.57		16,072		2.57%				10.66%
2018				0.25%		1,053				14.76		15,539		2.29%				-2.75%
2017				0.25%		1,118				15.17		16,965		2.15%				6.09%
2016				0.25%		1,185				14.30		16,950		2.13%				4.55%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1)
2020				0.10%		863				31.41		27,108		1.09%				12.25%
2019				0.10%		927				27.98		25,941		2.94%				22.20%
2018				0.25%		1,006				22.57		22,706		2.10%				-9.62%
2017				0.25%		1,068				24.97		26,670		1.59%				17.86%
2016				0.25%		1,132				21.19		23,984		2.25%				7.42%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1)
2020				0.10%		163				21.84		3,560		0.56%				9.04%
2019				0.10%		175				20.03		3,505		2.69%				14.16%
2018				0.25%		190				17.29		3,285		2.28%				-4.92%
2017				0.25%		202				18.19		3,674		2.00%				9.80%
2016				0.25%		214				16.56		3,544		2.24%				5.73%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1)
2020				0.10%		21				26.46		556		0.84%				10.66%
2019				0.10%		22				23.91		526		2.83%				18.20%
2018				0.25%		24				19.94		479		2.16%				-7.30%
2017				0.25%		26				21.51		559		1.87%				13.77%
2016				0.25%		27				18.91		510		2.32%				6.55%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1)
2020				0.10%		3				34.74		104		1.14%				12.63%
2019				0.10%		3				30.85		93		2.92%				24.02%
2018				0.25%		3				24.51		74		1.93%				-10.95%
2017				0.25%		4				27.53		110		1.37%				19.69%
2016				0.25%		4				23.00		92		1.79%				8.06%
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)
2020				0.10%		1,051				35.87		37,700		0.00%				29.96%
2019				0.10%		759				27.60		20,949		1.48%				30.40%
2018		0.10%	to	0.25%		3,544		21.17	to	20.83		74,159		0.90%		-3.17%	to	-3.32%
2017				0.25%		875				21.55		18,853		0.36%				29.88%
2016				0.25%		928				16.59		15,395		0.70%				1.94%
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1)
2020				0.10%		24				44.40		1,066		0.00%				60.74%
2019				0.10%		26				27.62		718		0.00%				37.12%
2018				0.25%		28				19.83		555		0.00%				-7.08%
2017				0.25%		30				21.34		640		0.00%				27.42%
2016				0.25%		32				16.75		536		0.00%				6.20%
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)
2020				0.10%		185				21.26		3,933		0.77%				18.78%
2019		0.10%	to	0.25%		4,276		17.90	to	17.80		76,283		3.42%		37.48%	to	37.27%
2018				0.25%		213				12.97		2,762		0.06%				-1.52%
2017				0.25%		5,025				13.17		66,166		0.50%				26.99%
2016				0.25%		5,126				10.37		53,148		0.71%				3.68%	****
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)
2018				0.25%		-				13.58		1		0.00%				1.14%
2016				0.25%		63				13.41		845		0.00%				-0.24%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V (SAM5)
2020		0.10%	to	0.25%		7,558,764		11.99	to	11.67		90,616,989		0.26%		0.16%	to	0.01%
2019		0.10%	to	0.25%		7,498,692		11.97	to	11.67		88,973,941		1.81%		1.73%	to	1.58%
2018		0.10%	to	0.25%		7,455,119		11.77	to	11.48		86,698,579		1.42%		1.34%	to	1.19%
2017		0.20%	to	0.25%		7,953,989		11.44	to	11.35		90,563,654		0.47%		0.27%	to	0.22%
2016		0.20%	to	0.25%		7,999,908		11.41	to	11.33		90,872,376		0.03%		-0.17%	to	-0.22%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)
2020				0.10%		16,787				78.49		1,317,588		0.02%				22.57%
2019		0.10%	to	0.25%		22,870		64.04	to	54.63		1,256,924		0.07%		25.52%	to	25.33%
2018		0.10%	to	0.25%		24,425		51.02	to	43.58		1,068,846		0.01%		-12.72%	to	-12.85%
2017				0.25%		23,974				50.01		1,198,999		0.00%				13.20%
2016				0.25%		28,784				44.18		1,271,643		0.32%				22.53%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)
2020				0.10%		10				64.11		641		0.00%				40.75%
2019				0.10%		10				45.55		455		0.00%				35.58%
2018				0.25%		12				32.62		391		0.00%				-8.17%
2017				0.25%		12				35.52		426		0.00%				24.61%
2016				0.25%		13				28.50		371		0.00%				8.04%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)
2020				0.10%		138				70.61		9,745		0.08%				5.05%
2019				0.10%		148				67.22		9,949		1.06%				18.88%
2018				0.25%		199				44.87		8,930		0.67%				-17.16%
2017				0.25%		224				54.17		12,134		0.49%				8.79%
2016				0.25%		253				49.79		12,597		0.24%				25.62%
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)
2020				0.10%		6,375				36.92		235,368		1.18%				10.24%
2019				0.10%		6,419				33.49		214,970		1.19%				29.18%
2018				0.25%		6,449				26.05		167,978		1.11%				-0.25%
2017				0.25%		6,503				26.11		169,815		1.05%				20.22%
2016				0.25%		6,566				21.72		142,619		1.47%				11.11%
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)
2020				0.10%		9				64.53		581		0.00%				39.84%
2019				0.10%		10				46.14		461		0.00%				32.62%
2018				0.25%		10				37.33		373		0.00%				-6.64%
2017				0.25%		11				39.98		440		0.00%				24.98%
2016				0.25%		11				31.99		352		0.00%				4.14%
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)
2020				0.10%		54,609				13.06		713,114		0.63%				19.44%
2019				0.10%		54,990				10.93		601,200		0.41%				9.33%	****
PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA)
2020				0.10%		743				24.24		18,009		5.02%				7.90%
2019				0.10%		797				22.46		17,903		2.94%				11.78%
2018				0.25%		871				19.66		17,122		3.18%				-5.64%
2017				0.25%		925				20.83		19,271		4.66%				13.26%
2016				0.25%		980				18.39		18,027		1.17%				12.65%
PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)
2020				0.10%		21,332				11.88		253,497		4.81%				5.61%
2019				0.10%		19,969				11.25		224,689		3.66%				14.61%	****
PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA)
2020		0.10%	to	0.25%		46,839		16.69	to	16.24		777,861		1.17%		2.89%	to	2.73%
2019		0.10%	to	0.25%		37,423		16.22	to	15.81		605,387		2.77%		3.92%	to	3.77%
2018		0.20%	to	0.25%		36,229		15.36	to	15.23		551,901		1.91%		0.14%	to	0.09%
2017		0.20%	to	0.25%		36,718		15.34	to	15.22		558,875		1.35%		1.15%	to	1.10%
2016		0.20%	to	0.25%		54,656		15.16	to	15.05		822,831		1.49%		1.20%	to	1.15%
PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)
2020				0.10%		32,360				23.34		755,205		1.38%				11.60%
2019		0.10%	to	0.25%		35,365		20.91	to	20.37		720,682		1.71%		8.33%	to	8.16%
2018				0.25%		123,552				18.84		2,327,174		2.46%				-2.46%
2017				0.25%		125,343				19.31		2,420,422		2.37%				3.40%
2016				0.25%		131,371				18.67		2,453,325		2.25%				4.92%
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA)
2020		0.10%	to	0.25%		247,480		24.57	to	23.90		6,076,401		2.07%		8.53%	to	8.37%
2019		0.10%	to	0.25%		171,990		22.64	to	22.06		3,884,109		3.01%		8.25%	to	8.08%
2018		0.10%	to	0.25%		31,999		20.92	to	20.41		659,550		2.57%		-0.64%	to	-0.79%
2017		0.20%	to	0.25%		27,506		20.73	to	20.57		565,823		2.02%		4.71%	to	4.66%
2016		0.20%	to	0.25%		31,669		19.80	to	19.65		622,437		2.20%		2.48%	to	2.43%

NATIONWIDE VL SEPARATE ACCOUNT-C NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

	Contract Expense Rate*				Units		Unit Fair Value				Contact Owners’ Equity		Investment Income Ratio**		Total Return***
Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC)
2020		0.10%	to	0.25%		1,289		45.22	to	43.99		57,147		0.00%		23.67%	to	23.48%
2019		0.10%	to	0.25%		2,056		36.56	to	35.62		73,710		0.00%		19.43%	to	19.25%
2018		0.20%	to	0.25%		2,292		30.12	to	29.87		68,814		0.00%		-9.23%	to	-9.27%
2017		0.20%	to	0.25%		2,169		33.18	to	32.93		71,740		0.60%		4.98%	to	4.92%
2016		0.20%	to	0.25%		2,972		31.61	to	31.38		93,575		0.65%		19.47%	to	19.41%
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio (TRBCGP)
2020				0.10%		16,717				42.03		702,581		0.00%				34.14%
2019				0.10%		18,716				31.33		586,377		0.00%				29.76%
2018				0.25%		2,517				23.92		60,214		0.00%				1.66%
2017				0.25%		5,941				23.53		139,804		0.00%				35.83%
2016				0.25%		2,124				17.32		36,798		0.00%				0.53%
T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)
2020		0.10%	to	0.25%		4,971		39.02	to	37.96		189,239		2.25%		0.86%	to	0.70%
2019		0.10%	to	0.25%		2,533		38.69	to	37.70		96,048		2.08%		25.92%	to	25.73%
2018		0.20%	to	0.25%		2,656		30.23	to	29.98		79,643		1.75%		-9.87%	to	-9.92%
2017		0.20%	to	0.25%		2,677		33.54	to	33.28		89,111		1.47%		15.50%	to	15.44%
2016		0.20%	to	0.25%		3,083		29.04	to	28.83		88,898		2.00%		18.62%	to	18.56%
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio (TRLT1)
2020				0.10%		285,870				11.75		3,360,221		1.95%				4.60%
2019				0.25%		215,994				11.09		2,394,371		2.38%				4.09%
2018				0.25%		240,929				10.65		2,565,797		2.03%				0.92%
2017				0.25%		179,525				10.55		1,894,364		1.47%				0.81%
2016				0.25%		79,188				10.47		828,921		1.33%				1.11%
T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)
2020		0.10%	to	0.25%		3,671		99.72	to	97.02		364,975		0.00%		23.35%	to	23.17%
2019		0.10%	to	0.25%		4,216		80.85	to	78.77		334,175		0.00%		30.85%	to	30.65%
2018		0.10%	to	0.25%		5,004		61.79	to	60.29		302,816		0.00%		-2.40%	to	-2.54%
2017				0.25%		5,544				61.87		342,983		0.00%				24.13%
2016				0.25%		5,899				49.84		293,991		0.00%				5.77%
T. Rowe Price Equity Series, Inc. - T. Rowe Price New America Growth Portfolio (TRNAG1)
2020				0.10%		61				73.96		4,512		0.00%				44.23%
2019				0.10%		65				51.28		3,333		0.41%				34.79%
2018				0.25%		71				37.22		2,642		0.16%				0.90%
2017				0.25%		76				36.88		2,803		0.10%				34.09%
2016				0.25%		80				27.51		2,200		0.03%				1.06%
VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
2020				0.10%		6,957				75.12		522,635		1.01%				17.13%
2019		0.10%	to	0.25%		39,293		64.14	to	43.63		1,722,192		0.43%		30.46%	to	30.27%
2018				0.25%		37,949				33.50		1,271,119		0.28%				-23.68%
2017				0.25%		37,965				43.89		1,666,161		0.42%				50.66%
2016				0.25%		39,460				29.13		1,149,480		0.47%				-0.15%
VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)
2020				0.10%		38				41.83		1,589		0.93%				18.99%
2019				0.10%		41				35.15		1,441		0.00%				11.76%
2018				0.25%		64				21.55		1,379		0.00%				-28.46%
2017				0.25%		68				30.13		2,049		0.00%				-1.94%
2016				0.25%		72				30.72		2,212		0.77%				43.35%
Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)
2020				0.10%		12				47.58		571		0.44%				20.88%
2019				0.10%		13				39.36		512		0.28%				31.33%
2018				0.25%		15				29.14		437		0.19%				-7.38%
2017				0.25%		15				31.47		472		0.66%				20.14%
2016				0.25%		14				26.19		367		1.69%				11.95%

* This represents the annual contract expense rate of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to policyholder accounts through the surrender 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 total return for the period. The total returns do not include any expenses assessed through the surrender 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.

**** Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented.