N-4/A 1 f3481d1.htm NATIONWIDE VARIABLE ACCOUNT-II - DESTINATION FUTURE NEW YORK
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 File No. 333-235383
Pre-Effective Amendment No. 1 ☑
Post-Effective Amendment No. □
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 File No. 811-03330
Amendment No. 850 ☑
(Check appropriate box or boxes.)
Nationwide Variable Account-II
(Exact Name of Registrant)
Nationwide Life Insurance Company
(Name of Depositor)
One Nationwide Plaza, Columbus, Ohio 43215
(Address of Depositor's Principal Executive Offices) (Zip Code)
(614) 249-7111
Depositor's Telephone Number, including Area Code
Denise L. Skingle, Senior Vice President and Secretary,
One Nationwide Plaza, Columbus, Ohio 43215
(Name and Address of Agent for Service)
As soon as possible after effectiveness of registration statement (May 15, 2020 requested)
Approximate Date of Proposed Public Offering



The Registrant hereby agrees to amend this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

 

Nationwide DestinationSM Future New York
Individual Flexible Premium Deferred Variable Annuity Contracts
Issued by
Nationwide Life Insurance Company
through its
Nationwide Variable Account-II
The date of this prospectus is May 15, 2020.
The contracts described in this prospectus are only available in the state of New York.
  
This prospectus contains basic information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference.
Variable annuities are complex investment products with unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser’s investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.
The Statement of Additional Information (dated May 15, 2020), which contains additional information about the contracts and the Variable Account, has been filed with the SEC and is incorporated herein by reference. The table of contents for the Statement of Additional Information is on page 60. To obtain free copies of the Statement of Additional Information or to make any other service requests, contact Nationwide by one of the methods described in Contacting the Service Center.
The SEC maintains a web site (www.sec.gov) that contains the prospectus, the Statement of Additional Information, material incorporated by reference, and other information.
Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. Variable annuity contracts involve investment risk and may lose value. These securities have not been approved or disapproved by the SEC, nor has the SEC passed upon the accuracy or adequacy of the prospectus. Any representation to the contrary is a criminal offense.
The Sub-Accounts offered through this contract invest in the underlying mutual funds listed below. For a complete list of underlying mutual funds, including underlying mutual funds available prior to the date of this prospectus, refer to Appendix A: Underlying Mutual Fund Information. For more information on the underlying mutual funds, refer to the prospectus for the underlying mutual fund. To obtain free copies of prospectuses for the underlying mutual funds, Contract Owners can contact Nationwide using any of the methods described in Contacting the Service Center.
• American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II
• American Funds Insurance Series® - Blue Chip Income and Growth Fund: Class 4
• American Funds Insurance Series® - International Fund: Class 4
• American Funds Insurance Series® - New World Fund®: Class 4
• BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III
• BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III
• BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III
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• BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares
• Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2
• Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service Class
• Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2
• Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2
• Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2
• Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares
• Invesco Oppenheimer V.I. Global Fund: Series II
• Invesco Oppenheimer V.I. International Growth Fund: Series II
• Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II
• Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares
• Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares
• Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares
• JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2
• Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares
• Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC
• Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC
• MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class
• MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class
• MFS® Variable Insurance Trust - MFS Total Return Bond Series: Service Class
• MFS® Variable Insurance Trust - MFS Utilities Series: Service Class
• MFS® Variable Insurance Trust II - MFS Blended Research® Core Equity Portfolio: Service Class
• MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class
• MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class
• Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II
• Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II
• Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II
• Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II
• Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II
• Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II
• Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II
• Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I
• Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II
• Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II
• Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II
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• Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I
• Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II
• Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II
• Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II
• Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II
• Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II
• Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II
• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II
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• Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II
• Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
• PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Commodity RealReturn® Strategy Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Advisor Class
• PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class
• PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
• Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB
• T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II
• VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S
• VanEck VIP Trust - VanEck VIP Global Hard Assets Fund: Class S
Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, Nationwide may discontinue mailing paper copies of shareholder reports for underlying mutual funds available under the contract unless the Contract Owner specifically requests that paper copies continue to be delivered. Instead, the shareholder reports will be made available on a website. Nationwide will notify Contract Owners by mail each time a shareholder report is posted and will provide a website link to access the report. Instructions for requesting paper copies will also be included in the notice.
Contracts where the Contract Owner already elected to receive shareholder reports electronically will not be affected by this change and no action is required. To elect to receive shareholder reports and other communications from Nationwide electronically, contact the Service Center (see Contacting the Service Center).
Contract Owners may elect to receive all future shareholder reports in paper free of charge. To do so, Contract Owners should contact the Service Center to inform Nationwide that paper copies of shareholder reports should continue to be delivered. Any election to receive shareholder reports in paper will apply to all underlying funds available under the contract.
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Glossary of Special Terms
Accumulation Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable Account before the Annuitization Date.
Adjusted Roll-up Income Benefit Base – The Original Income Benefit Base after it has been reduced proportionally as a result of a Non-Lifetime Withdrawal.
Annuitant – The person(s) whose length of life determines how long annuity payments are paid.
Annuitization Date – The date on which annuity payments begin.
Annuity Commencement Date – The date on which annuity payments are scheduled to begin.
Annuity Unit – An accounting unit of measure used to calculate the value of variable annuity payments.
Charitable Remainder Trust – A trust meeting the requirements of Section 664 of the Internal Revenue Code.
Co-Annuitant – The person designated by the Contract Owner to receive the benefit associated with the Spousal Protection benefit.
Contingent Annuitant – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization Date.
Contract Anniversary – Each recurring one-year anniversary of the date the contract was issued.
Contract Owner(s) – The person(s) who owns all rights under the contract.
Contract Value – The value of all Accumulation Units in a contract.
Contract Year – Each year the contract is in force beginning with the date the contract is issued.
Current Income Benefit Base – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, it is equal to the Original Income Benefit Base adjusted throughout the life of the contract to account for subsequent purchase payments, excess withdrawals, reset opportunities, and if elected, the Non-Lifetime Withdrawal. This amount is multiplied by the Lifetime Withdrawal Percentage to arrive at the Lifetime Withdrawal Amount.
Daily Net Assets – A figure that is calculated at the end of each Valuation Date and represents the sum of all the Contract Owners' interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.
General Account – All assets of Nationwide other than those of the Variable Account or in other separate accounts of Nationwide.
Individual Retirement Account – An account that qualifies for favorable tax treatment under Section 408(a) of the Internal Revenue Code, but does not include Roth IRAs.
Individual Retirement Annuity or IRA – An annuity contract that qualifies for favorable tax treatment under Section 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.
Investment-Only Contract – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as defined by Section 401(a) of the Internal Revenue Code.
Lifetime Withdrawal – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, it is a withdrawal of all or a portion of the Lifetime Withdrawal Amount.
Lifetime Withdrawal Amount – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the maximum amount that can be withdrawn during a calendar year without reducing the Current Income Benefit Base. It is calculated annually, on each January 1, by multiplying the Current Income Benefit Base by the applicable Lifetime Withdrawal Percentage.
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Lifetime Withdrawal Percentage – An age-based percentage used to determine the Lifetime Withdrawal Amount under the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max. The applicable percentage is multiplied by the Current Income Benefit Base to arrive at the Lifetime Withdrawal Amount for any given calendar year. The Rate Sheet Supplement discloses the Lifetime Withdrawal Percentages that are currently available for new contracts.
Nationwide – Nationwide Life Insurance Company.
Net Asset Value – The value of one share of an underlying mutual fund at the close of regular trading on the New York Stock Exchange.
Non-Lifetime Withdrawal – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, a one-time only election to take a withdrawal from the contract that will not initiate the benefit under the option.
Non-Qualified Contract – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.
Original Income Benefit Base – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the initial benefit base calculated on the date the option is elected, which is equal to the Contract Value.
Qualified Plan – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply to Investment-Only Contracts unless specifically stated otherwise.
Quarterly Contract Anniversary – Each recurring three-month anniversary of the date the contract was issued.
Rate Sheet Supplement – Supplements to the prospectus that we file periodically with the SEC to provide for and modify certain rates that are associated with various optional benefits available under the contract. The Rate Sheet Supplements disclose the Roll-up Interest Rates, Roll-up Crediting Periods, Lifetime Withdrawal Percentages, and Interest Anniversary Rate that are currently available for new contracts.
Roll-up Crediting Period – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, beginning with the date the contract is issued, the Roll-up Crediting Period is the maximum period of time that the Roll-up Interest Rate will apply for. The Rate Sheet Supplement discloses the Roll-up Crediting Periods that are currently available for new contracts.
Roll-up Interest Rate – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the simple interest rate used to determine the roll-up in the calculation of the Current Income Benefit Base. The Rate Sheet Supplement discloses the Roll-up Interest Rates that are currently available for new contracts. For purposes of the Nationwide Lifetime Income Capture option, the indexed simple interest rate used to determine the roll-up in the calculation of the Current Income Benefit Base.
Roth IRA – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue Code.
SEC – Securities and Exchange Commission.
SEP IRA – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal Revenue Code.
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the Service Center is Nationwide's mail and document processing facility. For service and transaction requests communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to contact the Service Center is in the Contacting the Service Center provision.
Simple IRA – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal Revenue Code.
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Sub-Accounts – Divisions of the Variable Account, each of which invests in a single underlying mutual fund.
Tax Sheltered Annuity – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal Revenue Code.
Valuation Date – Each day the New York Stock Exchange is open for business or any other day during which there is a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be materially affected. Values of the Variable Account are determined as of the close of regular trading on the New York Stock Exchange, which generally closes at 4:00 p.m. EST.
Valuation Period – The period of time commencing at the close of a Valuation Date and ending at the close of regular trading on the New York Stock Exchange for the next succeeding Valuation Date.
Variable Account – Nationwide Variable Account-II, a separate account that Nationwide established to hold Contract Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of which invests in a separate underlying mutual fund.
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Table of Contents (continued)
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Contract Expenses
The following tables describe the fees and expenses that a Contract Owner will pay when buying, owning, or surrendering the contract.
The first table describes the fees and expenses a Contract Owner will pay at the time the contract is purchased, surrendered, or when cash value is transferred between investment options.
Contract Owner Transaction Expenses
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of purchase payments withdrawn)
7%
Range of CDSC over time:
Number of Completed Years from Date of Purchase Payment   0   1   2   3   4   5   6   7+  
CDSC Percentage   7%   7%   6%   5%   4%   3%   2%   0%  
    
Maximum Premium Tax Charge (as a percentage of purchase payments)
5%1
    
The next table describes the fees and expenses that a Contract Owner will pay periodically during the life of the contract (not including underlying mutual fund fees and expenses).
Recurring Contract Expenses
Maximum Annual Contract Maintenance Charge
$302
Variable Account Annual Expenses (assessed as an annualized percentage of Daily Net Assets)
 		 
Mortality and Expense Risk Charge
0.85%
Administrative Charge
0.10%3
Death Benefit Options (assessed as an annualized percentage of Daily Net Assets) (eligible applicants may purchase one)
 
Return of Premium Death Benefit Option Charge
0.10%
Total Variable Account Charges (including this option only)
1.05%
Return of Premium Death Benefit Option with Spousal Protection Charge
0.20%
Total Variable Account Charges (including this option only)
1.15%
Highest Anniversary Value Death Benefit Option Charge
0.40%
Total Variable Account Charges (including this option only)
1.35%
Highest Anniversary Value Death Benefit Option with Spousal Protection Charge
0.50%
Total Variable Account Charges (including this option only)
1.45%
Additional Optional Riders (assessed annually as a percentage of the Current Income Benefit Base4) (eligible applicants may purchase one living benefit rider)
 		 
Maximum Nationwide Lifetime Income Rider Plus Core Charge
1.50%5
Maximum Nationwide Lifetime Income Rider Plus Accelerated Charge
1.50%5
Maximum Nationwide Lifetime Income Rider Plus Max Charge
1.50%5
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Core Charge
0.40%6
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated Charge
0.40%6
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Max Charge
0.40%6
    
The next table shows the fees and expenses that a Contract Owner would pay if he/she elected all of the optional benefits available under the contract (and the most expensive of mutually exclusive optional benefits).
Summary of Maximum Contract Expenses
(annualized rate, as a percentage of the Daily Net Assets)
Mortality and Expense Risk Charge (applicable to all contracts)
0.85%
Administrative Charge (applicable to all contracts)
0.10%3
Highest Anniversary Value Death Benefit Option with Spousal Protection Charge
0.50%
Maximum Nationwide Lifetime Income Rider Plus Core Charge
1.50%7
Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Core Charge
0.40%7
Maximum Possible Total Variable Account Charges
3.35%8
    
1 Nationwide will charge between 0% and 5% of purchase payments for premium taxes levied by state or other government entities. The amount assessed to the contract will equal the amount assessed by the state or government entity.
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2 On each contract's Contract Anniversary, Nationwide deducts the Contract Maintenance Charge if the Contract Value is less than $50,000 on such Contract Anniversary. This charge is permanently waived for any contracts valued at $50,000 or more on any Contract Anniversary.
3 The Administrative Charge is waived if the Contract Value, on the later of the Date of Issue or the most recent Quarterly Contract Anniversary, is greater than or equal to $1,000,000. If the Contract Value subsequently falls to less than $1,000,000 on the most recent Quarterly Contract Anniversary, the Administrative Charge will be reinstated for that quarter.
4 For information about how the Current Income Benefit Base is calculated, see Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal.
5 Currently, the charge associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max is equal to 1.30% of the Current Income Benefit Base.
6 The Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max may only be elected if and when the corresponding optional living benefit (Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max) is elected. Currently, the charge associated with the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max is equal to 0.30% of the Current Income Benefit Base. This charge is in addition to the charge for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max.
7 This charge is a percentage of the Current Income Benefit Base. For purposes of this table, Nationwide assumes the Current Income Benefit Base is equal to the Daily Net Assets.
8 The Maximum Possible Total Variable Account Charges associated with a particular contract may be higher or lower depending on whether the Current Income Benefit Base is higher or lower than the Daily Net Assets. For purposes of this table, Nationwide assumes the Current Income Benefit Base is equal to the Daily Net Assets.
Underlying Mutual Fund Annual Expenses
The next table provides the minimum and maximum total operating expenses, as of December 31, 2019, charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. More detail concerning each underlying mutual fund's fees and expenses is contained in the prospectus for each underlying mutual fund.
Total Annual Underlying Mutual Fund Operating Expenses  
    Minimum   Maximum  
(Expenses that are deducted from underlying mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses, as a percentage of average underlying mutual fund assets.)   0.56%   6.31%  
The minimum and maximum underlying mutual fund operating expenses indicated above do not reflect voluntary or contractual reimbursements and/or waivers applied to some underlying mutual funds. Therefore, actual expenses could be lower. Refer to the underlying mutual fund prospectuses for specific expense information.
Example
This Example is intended to help Contract Owners compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, contract fees, Variable Account annual expenses, and underlying mutual fund fees and expenses. The Example does not reflect premium taxes which, if reflected, would result in higher expenses.
The following Example assumes:
• a $10,000 investment in the contract for the time periods indicated; 1
• a 5% return each year;
• the maximum and the minimum fees and expenses of any of the underlying mutual funds;
• the maximum Contingent Deferred Sales Charge;
• a $30 Contract Maintenance Charge expressed as a percentage of the average contract account size; and
• the total Variable Account charges associated with the most expensive allowable combination of optional benefits (3.35%).2
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For those contracts that do not elect the most expensive combination of optional benefits, the expenses would be lower.
  If you surrender your contract
at the end of the applicable
time period 		  If you annuitize your contract
at the end of the applicable
time period 		  If you do not
surrender your contract
  1 Yr.   3 Yrs.   5 Yrs.   10 Yrs.   1 Yr.   3 Yrs.   5 Yrs.   10 Yrs.   1 Yr.   3 Yrs.   5 Yrs.   10 Yrs.
Maximum Total Underlying Mutual Fund Operating Expenses (6.31%)
$1,746   $3,469   $4,989   $8,230   *   $2,969   $4,689   $8,230   $1,046   $2,969   $4,689   $8,230
Minimum Total Underlying Mutual Fund Operating Expenses (0.56%)
$1,142   $1,834   $2,536   $4,538   *   $1,334   $2,236   $4,538   $442   $1,334   $2,236   $4,538
1 The minimum initial purchase payment is $15,000.
2 The total Variable Account charges associated with the most expensive allowable combination of optional benefits may be higher or lower depending on whether the Current Income Benefit Base is higher or lower than the Daily Net Assets. For purposes of this table, Nationwide assumes the Current Income Benefit Base is equal to the Daily Net Assets.
Synopsis of the Contracts
The annuity described in this prospectus is intended to provide benefits to a single or joint owner and his/her beneficiaries. The contracts described in this prospectus are Individual Flexible Premium Deferred Variable Annuity Contracts.
The contracts can be categorized as:
• Charitable Remainder Trusts
• Individual Retirement Annuities ("IRAs")
• Investment-Only Contracts (Qualified Plans)
• Non-Qualified Contracts
• Roth IRAs
• Simplified Employee Pension IRAs ("SEP IRAs")
• Simple IRAs
For more detailed information about the differences in contract types, see Appendix C: Contract Types and Tax Information.
Prospective purchasers may apply to purchase a contract through broker dealers that have entered into a selling agreement with Nationwide Investment Services Corporation.
Surrenders/Withdrawals
Contract Owners may generally withdraw some or all of their Contract Value at any time prior to annuitization by notifying the Service Center in writing (see Surrender/Withdrawal Prior to Annuitization). A CDSC may apply to the withdrawal (see Contingent Deferred Sales Charge). After the Annuitization Date, withdrawals are not permitted (see Surrender/Withdrawal After Annuitization).
Minimum Initial and Subsequent Purchase Payments
All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. A Contract Owner will meet the minimum initial purchase payment requirement if purchase payments equal to the required minimum are made over the course of the first Contract Year. The minimum subsequent purchase payment is $500, including for subsequent purchase payments sent via electronic deposit.
Some optional benefits may restrict the Contract Owner's ability to make subsequent purchase payments.
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging
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costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.
Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.
Dollar Limit Restrictions
Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:
Annuitization. Annuity payment options will be limited if the Contract Owner submits total purchase payments in excess of $2,000,000. Furthermore, if the amount to be annuitized is greater than $5,000,000, Nationwide may limit both the amount that can be annuitized on a single life and the annuity payment options (see Annuity Payment Options).
Death Benefit Calculations. Purchase payments up to $3,000,000 may result in a higher death benefit payment than purchase payments in excess of $3,000,000 (see Death Benefit Calculations).
Subsequent Purchase Payments. If the Contract Owner elects the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, Nationwide reserves the right to refuse any subsequent purchase payments (see the Subsequent Purchase Payments provision of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max provision). Contract Owners should consider this reservation of right when making the initial purchase payment.
Mortality and Expense Risk Charge
Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.85% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.
Administrative Charge
Nationwide deducts an Administrative Charge equal to an annualized rate of 0.10% of the Daily Net Assets. The Administrative Charge reimburses Nationwide for administrative costs it incurs resulting from providing contract benefits, including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal and accounting fees, as well as various related expenses. Nationwide may realize a profit from this charge.
The Administrative Charge is waived if the Contract Value, on the later of the Date of Issue or the most recent Quarterly Contract Anniversary, is greater than or equal to $1,000,000. Nationwide will determine on each Quarterly Contract Anniversary if the Contract is eligible for a waiver of the Administrative Charge. If the Contract Value subsequently falls to less than $1,000,000 on the most recent Quarterly Contract Anniversary, the Administrative Charge will be reinstated for that quarter.
Contract Maintenance Charge
A $30 Contract Maintenance Charge is assessed on each Contract Anniversary and upon full surrender of the contract. If on any Contract Anniversary (or on the date of a full surrender) the Contract Value is $50,000 or more, Nationwide will waive the Contract Maintenance Charge from that point forward.
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Contingent Deferred Sales Charge
Nationwide does not deduct a sales charge from purchase payments upon deposit into the contract. However, Nationwide will deduct (unless the Waiver of Contingent Deferred Sales Charge provision applies) a Contingent Deferred Sales Charge ("CDSC") if any amount is withdrawn from the contract. This CDSC reimburses Nationwide for sales expenses. The amount of the CDSC will not exceed 7% of purchase payments withdrawn.
Death Benefit Options
The contract contains a standard death benefit (return of Contract Value) at no additional charge. Optional death benefits are also available for an additional charge, which may provide a greater death benefit than the standard death benefit.
In lieu of the standard death benefit, an applicant may elect one of the following death benefit options at the time of application:
• The Highest Anniversary Value Death Benefit Option is available for contracts with Annuitants age 80 or younger at the time of application. The charge for this option is equal to 0.40% of the Daily Net Assets.
• The Highest Anniversary Value Death Benefit Option with Spousal Protection is available for contracts with Annuitants age 80 or younger at the time of application. The charge for this option is equal to 0.50% of the Daily Net Assets.
• The Return of Premium Death Benefit Option is available for contracts with Annuitants age 85 or younger at the time of application. The charge for this option is equal to 0.10% of the Daily Net Assets.
• The Return of Premium Death Benefit Option with Spousal Protection is available for contracts with Annuitants age 85 or younger at the time of application. The charge for this option is equal to 0.20% of the Daily Net Assets.
Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max
The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max optional living benefits provide for Lifetime Withdrawals, up to a certain amount each calendar year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. Additionally, if the Contract Owner delays taking Lifetime Withdrawals and does not elect to take a Non-Lifetime Withdrawal for the duration of the applicable Roll-up Crediting Period, Nationwide will guarantee that the Current Income Benefit Base on the Contract Anniversary after the applicable Roll-up Crediting Period will be no less than the Original Income Benefit Base plus simple interest (simple interest is interest that is calculated and paid only on the premium payments deposited and not on previously earned interest) at the applicable Roll-up Interest Rate annually for each of those years. The Roll-up Interest Rate and Roll-up Crediting Period currently available to new contracts are disclosed in a Rate Sheet Supplement to the prospectus. For historical information, see Appendix D: Historical Rates and Percentages. The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max optional living benefits are available under the contract at the time of application. The Contract Owner (or the Annuitant in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. Only one optional living benefit may be elected.
If the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max is elected, Nationwide will deduct an additional charge not to exceed 1.50% of the Current Income Benefit Base, which is the amount upon which the Lifetime Withdrawal Amount is based. Currently, the charge for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max optional living benefits is 1.30% of the Current Income Benefit Base. The charge is deducted on each Contract Anniversary and is taken from the Sub-Accounts proportionally based on contract allocations at the time the charge is deducted. The current charge will not change, except, possibly, upon the Contract Owner’s election to reset the benefit base (see Reset Opportunities). If the current charge does change, it will not exceed the maximum charge of 1.50% of the Current Income Benefit Base.
Election of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max requires that the Contract Owner, until annuitization, allocate the entire Contract Value to the permitted investment options. The permitted investment options are more conservative than those that are not permitted, and help Nationwide manage the likelihood that Lifetime Withdrawals will be paid from Nationwide’s
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General Account. If the Contract Value is greater than $0, Lifetime Withdrawals are paid from the Contract Owner’s Contract Value. If the Contract Value is equal to or less than $0, Lifetime Withdrawals are paid from Nationwide’s General Account. Lifetime Withdrawals paid from the General Account are subject to Nationwide’s creditors and ultimately, its overall claims paying ability. The cost of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max optional living benefits may exceed the benefit. Certain actions by the Contract Owner will terminate the elected optional benefit.
Withdrawals in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0 will automatically terminate the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max.
Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max
The Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max (herein each the "Joint Option") allow a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, as applicable, provided that certain conditions are satisfied. The Joint Option is only available for election if and when the corresponding optional living benefit is elected.
If the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max is elected, Nationwide will deduct an additional charge not to exceed 0.40% of the Current Income Benefit Base. Currently, the charge for each of these Joint Options is 0.30% of the Current Income Benefit Base and the Lifetime Withdrawal Percentages will be reduced. The Contract Owner’s spouse (or the Annuitant’s spouse in the case of a non-natural Contract Owner) must be between age 50 and 85 at the time of application. If assessed, the charge is deducted at the same time and in the same manner as the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max charge. The cost of the Joint Option (including the reduction in the Lifetime Withdrawal Percentages) may exceed the benefit.
Charges for Optional Benefits
Optional benefits are irrevocable once elected. The charges associated with optional benefits are only assessed prior to annuitization.
Underlying Mutual Fund Annual Expenses
The underlying mutual funds charge fees and expenses that are deducted from underlying mutual fund assets. These fees and expenses are in addition to the fees and expenses assessed by the contract. The prospectus for each underlying mutual fund provides information regarding the fees and expenses applicable to the fund.
Annuity Payments
On the Annuitization Date, annuity payments begin (see Annuitizing the Contract). Annuity payments will be based on the annuity payment option chosen prior to annuitization. Nationwide will send annuity payments no later than seven days after each annuity payment date.
Taxation
How distributions from an annuity contract are taxed depends on the type of contract issued and the purpose for which the contract is purchased. Generally, distributions from an annuity contract, including the payment of death benefits, are taxable to the extent the cash value exceeds the investment in the contract (see Appendix C: Contract Types and Tax Information). Nationwide will charge against the contract any premium taxes levied by any governmental authority. Premium tax rates currently range from 0% to 5% (see Premium Taxes and Appendix C: Contract Types and Tax Information).
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Death Benefit
An applicant may elect either the standard death benefit (Return of Contract Value) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.
Cancellation of the Contract
Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see Right to Examine and Cancel and Contacting the Service Center).
If the Contract Owner elects to cancel the contract pursuant to the free look provision, Nationwide will return the Contract Value, less any withdrawals from the contract, and applicable federal and state income tax withholding (see Right to Examine and Cancel).
Condensed Financial Information
The value of an Accumulation Unit is determined on the basis of changes in the per share value of the underlying mutual funds and the assessment of Variable Account charges which may vary from contract to contract (see Determining the Contract Value). Refer to Appendix B: Condensed Financial Information for information regarding the minimum and maximum class of Accumulation Unit values. All classes of Accumulation Unit values may be obtained free of charge by contacting the Service Center.
Financial Statements
Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center.
Nationwide Life Insurance Company
Nationwide, the depositor, is a stock life insurance company organized under Ohio law in March 1929, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide is a provider of life insurance, annuities, and retirement products. Nationwide is admitted to do business in all states, the District of Columbia, Guam, the U.S. Virgin Islands, and Puerto Rico.
Nationwide is a member of the Nationwide group of companies. Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company (the "Companies") are the ultimate controlling persons of the Nationwide group of companies. The Companies were organized under Ohio law in December 1925 and 1933 respectively. The Companies engage in a general insurance and reinsurance business, except life insurance.
Nationwide Investment Services Corporation
The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.
Investing in the Contract
The Variable Account and Underlying Mutual Funds
Nationwide Variable Account-II is a variable account that invests in the underlying mutual funds listed in Appendix A: Underlying Mutual Fund Information. Nationwide established the Variable Account on October 7, 1981 pursuant to Ohio law. Although the Variable Account is registered with the SEC as a unit investment trust pursuant to the Investment Company Act of 1940 ("1940 Act"), the SEC does not supervise the management of Nationwide or the Variable Account.
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Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account’s own investment experience and not the investment experience of Nationwide’s other assets. The Variable Account’s assets are held separately from Nationwide’s assets and are not chargeable with liabilities incurred in any other business of Nationwide. Nationwide is obligated to pay all amounts promised to Contract Owners under the contracts. Amounts paid to Contract Owners under the contracts in excess of the Contract Value, such as amounts that may be paid under an elected death benefit option or a living benefit option, are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.
The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions.
Contract Owners receive underlying mutual fund prospectuses when they make their initial Sub-Account allocations and any time they change those allocations. Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by contacting the Service Center. Contract Owners should read these prospectuses carefully before investing.
Underlying mutual funds in the Variable Account are NOT publicly available mutual funds. They are only 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.
The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.
The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts. Additionally, the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max limit how Contract Value may be allocated to help Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments (see Income Benefit Investment Options).
In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.
Voting Rights
Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at special shareholder meetings based on Contract Owner instructions. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.
Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.
The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund. Nationwide will designate a date for this determination not more than 90 days before the shareholder meeting.
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Material Conflicts
The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.
Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.
Substitution of Securities
Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:
(1) shares of a current underlying mutual fund are no longer available for investment; or
(2) further investment in an underlying mutual fund is inappropriate.
Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.
The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.
Deregistration of the Variable Account
Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no shareholders in the separate account, or for any other purpose approved by the SEC.
No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide’s contractual obligations to the Contract Owner will continue.
If the Variable Account is deregistered, Nationwide’s contractual obligations to the Contract Owner will continue.
Contacting the Service Center
All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:
• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)
• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021
• by fax at 1-888-634-4472
• by Internet at www.nationwide.com.
Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.
Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.
Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take
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reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.
Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.
The Contract in General
In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner’s account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner’s account to governmental regulators.
If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited.
Except with respect to statements relating to age, sex, and identity, Nationwide will not contest the contract after it has been in force during the lifetime of the Annuitant for two years after the date of contract issuance.
Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor’s benefit.
The annuity described in this prospectus is intended to provide benefits to the individual(s) named in the contract and any named beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.
These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. These guarantees are the sole responsibility of Nationwide.
In general, deferred variable annuities are long-term investments; they are not intended as short-term investments. The contracts associated with this prospectus are not intended to be sold to a terminally ill Contract Owner or Annuitant. Accordingly, Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. It is very important that Contract Owners and prospective purchasers understand all the costs associated with owning a contract, and if and how those costs change during the lifetime of the contract. Contract charges may not be the same in later Contract Years as they are in early Contract Years. The various contract charges are assessed to compensate Nationwide for administrative services, distribution and operational expenses, and assumed actuarial risks associated with the contract.
Cybersecurity
Nationwide’s businesses are highly dependent upon its computer systems and those of its business partners. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cyber-attack. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on service provider websites and other operational disruptions that impede Nationwide’s ability to electronically interact with service providers. Cyber-attacks affecting Nationwide, the underlying mutual funds,
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intermediaries, and other service providers may adversely affect Nationwide and Contract Values. In connection with any such cyber-attack, Nationwide and/or its service providers and intermediaries may be subject to regulatory fines and financial losses and/or reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, including internal processes and technological defenses that are preventative or detective, and other controls designed to provide multiple layers of security assurance, there can be no guarantee that Nationwide, its service providers, or the underlying mutual funds will avoid losses affecting contracts due to cyber-attacks or information security breaches in the future.
In the event that Contract Values are adversely affected as a result of the failure of Nationwide’s cybersecurity controls, Nationwide will take reasonable steps to restore Contract Values to the levels that they would have been had the cyber-attack not occurred. Nationwide will not, however, be responsible for any adverse impact to Contract Values that result from the Contract Owner or its designee’s negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks.
Reservation of Rights
In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:
• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see Identification of Underlying Mutual Funds);
• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission’s rules and regulations thereunder or interpretations thereof;
• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;
• make any changes required by federal or state laws with respect to annuity contracts; and
• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.
Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.
Following is a discussion of some relevant factors that may be of particular interest to prospective investors.
Distribution, Promotional, and Sales Expenses
Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.50% of purchase payments. Note: The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.
For more information on the exact compensation arrangement associated with this contract, consult your sales representative.
Underlying Mutual Fund Service Fee Payments
Nationwide’s Relationship with the Underlying Mutual Funds
The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.
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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.
An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.
Types of Payments Nationwide Receives
In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.
Nationwide or its affiliates receive the following types of payments:
• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;
• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and
• Payments by an underlying mutual fund’s adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.
Furthermore, Nationwide benefits from assets invested in Nationwide’s affiliated underlying mutual funds (i.e., Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.
Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts (apart from fees and expenses imposed by the underlying mutual funds). Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.
Amount of Payments Nationwide Receives
For the year end December 31, 2019, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.
Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).
For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee’s request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan’s investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.
Identification of Underlying Mutual Funds
Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide’s hedging strategy, the strength of the adviser’s or subadviser’s reputation and
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tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may consider during the identification process are: whether the underlying mutual fund’s adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see Types of Payments Nationwide Receives. Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.
Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.
There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. Note: Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.
Treatment of Unclaimed Property
Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide’s books and records, or to Ohio, Nationwide’s state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.
To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.
Profitability
Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide’s profit will be greater the higher the investment return and the longer the contract is held.
Contract Modification
Nationwide may modify the contract, but no modification will affect the amount or term of any contract unless a modification is required to conform the contract to applicable federal or state law. No modification will affect the method by which Contract Value is determined.
Standard Charges and Deductions
Mortality and Expense Risk Charge
Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.85% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.
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Administrative Charge
Nationwide deducts an Administrative Charge equal to an annualized rate of 0.10% of the Daily Net Assets. The Administrative Charge reimburses Nationwide for administrative costs it incurs resulting from providing contract benefits, including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal and accounting fees, as well as various related expenses. Nationwide may realize a profit from this charge.
The Administrative Charge is waived if the Contract Value, on the later of the Date of Issue or the most recent Quarterly Contract Anniversary, is greater than or equal to $1,000,000. Nationwide will determine on each Quarterly Contract Anniversary if the Contract is eligible for a waiver of the Administrative Charge. If the Contract Value subsequently falls to less than $1,000,000 on the most recent Quarterly Contract Anniversary, the Administrative Charge will be reinstated for that quarter.
Contract Maintenance Charge
A $30 Contract Maintenance Charge is assessed on each Contract Anniversary and upon full surrender of the contract.
This charge reimburses Nationwide for administrative expenses involved in issuing and maintaining the contract. If on any Contract Anniversary (or on the date of a full surrender) the Contract Value is $50,000 or more, Nationwide will waive the Contract Maintenance Charge from that point forward.
The deduction of the Contract Maintenance Charge will be taken proportionally from each Sub-Account based on the value in each option as compared to the total Contract Value.
Nationwide will not reduce or eliminate the Contract Maintenance Charge where it would be discriminatory or unlawful.
Contingent Deferred Sales Charge
No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.
The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.
The CDSC applies as follows:
Number of Completed Years from Date of Purchase Payment   0   1   2   3   4   5   6   7+
CDSC Percentage
  7%   7%   6%   5%   4%   3%   2%   0%
Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)
The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide’s general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.
All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.
Additional purchase payments made to the contract after receiving the benefit of the Spousal Protection benefit are subject to the same CDSC provisions that were applicable prior to receiving the benefit of the Spousal Protection benefit. However, no CDSC will apply to purchase payments made prior to the death of the first spouse.
Waiver of Contingent Deferred Sales Charge
The maximum amount that can be withdrawn annually without a CDSC is the greatest of:
(1) 10% of the net difference of purchase payments that are subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC;
(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code; or
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(3) for those contracts with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, withdrawals up to the annual benefit amount.
This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.
Note: CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.
In addition, no CDSC will be deducted:
(1) upon the annuitization of contracts which have been in force for at least two years;
(2) upon payment of a death benefit; or
(3) from any values which have been held under a contract for at least seven years.
No CDSC applies to transfers between or among the various investment options in the contract.
A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:
(a) the Contract Value at the close of the day prior to the date of the withdrawal; and
(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).
The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.
The CDSC-free withdrawal privilege does not apply to full surrenders of the contract. For purposes of the CDSC-free withdrawal privilege, a full surrender is:
• multiple withdrawals taken within a Contract Year that deplete the entire Contract Value; or
• any single net withdrawal of 90% or more of the Contract Value.
Premium Taxes
Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 5% and vary from state to state. This range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. Premium taxes may be deducted from death benefit proceeds.
Optional Contract Benefits, Charges, and Deductions
For an additional charge, the following optional benefits are available to applicants.
Death Benefit Options
For an additional charge, the applicant may elect one of the following death benefit options in lieu of the standard death benefit.
Changes in ownership and contract assignments could have a negative impact on the death benefit (see Death Benefits).
Highest Anniversary Value Death Benefit Option
For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, an applicant can elect the Highest Anniversary Value Death Benefit Option. The Highest Anniversary Value Death Benefit Option is only available for contracts with Annuitants age 80 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies before the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greatest of:
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(1) the Contract Value;
(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
(3) the highest Contract Value on any Contract Anniversary before the Annuitant’s 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
Note: For Contract Owners who have elected this option, if the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit calculation will be adjusted as described in the Death Benefit Calculations provision.
Highest Anniversary Value Death Benefit Option with Spousal Protection
For an additional charge at an annualized rate of 0.50% of the Daily Net Assets, an applicant can elect the Highest Anniversary Value Death Benefit Option with Spousal Protection. This option includes the Spousal Protection benefit, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse. The Highest Anniversary Value Death Benefit Option with Spousal Protection is only available for contracts with Annuitants age 80 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies before the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greatest of:
(1) the Contract Value;
(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
(3) the highest Contract Value on any Contract Anniversary before the Annuitant’s 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
Note: For Contract Owners who have elected this option, if the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit calculation will be adjusted as described in the Death Benefit Calculations provision.
Return of Premium Death Benefit Option
For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the Return of Premium Death Benefit Option (as used herein, "premium" means purchase payments made to the contract), which provides a death benefit that is the greater of (i) Contract Value or (ii) purchase payments less an adjustment for withdrawals. The Return of Premium Death Benefit Option is only available for contracts with Annuitants age 85 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greater of:
(1) the Contract Value; or
(2) the total of all purchase payments, less an adjustment for amounts withdrawn.
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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
Note: For Contract Owners who have elected this option, if the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit calculation will be adjusted as described in the Death Benefit Calculations provision.
Return of Premium Death Benefit Option with Spousal Protection
For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Return of Premium Death Benefit Option with Spousal Protection (as used herein, "premium" means purchase payments made to the contract), which provides a death benefit that is the greater of (i) Contract Value or (ii) purchase payments less an adjustment for withdrawals. This option includes the Spousal Protection benefit, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse. The Return of Premium Death Benefit Option with Spousal Protection is only available for contracts with Annuitants age 85 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greater of:
(1) the Contract Value; or
(2) the total of all purchase payments, less an adjustment for amounts withdrawn.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
Note: For Contract Owners who have elected this option, if the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit calculation will be adjusted as described in the Death Benefit Calculations provision.
Spousal Protection
A Spousal Protection benefit is available under the contract at the time of application, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse. The Spousal Protection benefit is not available with the standard death benefit, and is not available for contracts issued as Charitable Remainder Trusts. Once elected, the Spousal Protection benefit is irrevocable. There is an additional charge for the Spousal Protection benefit. Nationwide may realize a profit from the charge assessed for this option.
The benefit associated with the Spousal Protection benefit will be applied if the following conditions are met:
(1) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(2) The spouses must be Co-Annuitants;
(3) Both spouses must meet the age requirement for the respective death benefit option at the time of application (must be age 80 or younger for the Highest Anniversary Value Death Benefit Option with Spousal Protection, or age 85 or younger for the Return of Premium Death Benefit Option with Spousal Protection);
(4) Both spouses must be named as beneficiaries;
(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner).
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If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.
If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection benefit terminates and the Contract Owner is not permitted to cover a subsequent spouse.
Optional Living Benefits
An applicant may elect one of the available optional living benefits under the contract at the time of application. If an applicant elects an optional living benefit, Nationwide will deduct an additional charge as applicable for the elected living benefit. The optional living benefits available under the contract include:
• Nationwide Lifetime Income Rider Plus Core
• Nationwide Lifetime Income Rider Plus Accelerated
• Nationwide Lifetime Income Rider Plus Max
Each of the optional living benefits has limitations and restrictions as discussed herein. Before selecting an optional living benefit, consult with a qualified financial advisor to determine which option is best based on the Contract Owner’s individual financial situation and needs.
Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max
The Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max (collectively, the "Nationwide L.inc Plus" or "Nationwide L.inc+" Riders) are substantially similar living benefits; however, the Nationwide L.inc Plus Riders offer distinct benefits based upon differences in the applicable Roll-up Interest Rate, Roll-up Crediting Period, Lifetime Withdrawal Percentages, and/or permitted investment options, as discussed herein.
The Nationwide L.inc Plus Riders provide for Lifetime Withdrawals, up to a certain amount each calendar year, even after the Contract Value is $0, provided that the Contract Owner does not deplete the Current Income Benefit Base by taking excess withdrawals. Investment restrictions apply. The age of the person upon which the benefit depends (the "determining life") must be between 50 and 85 years old at the time of application. For most contracts, the determining life is that of the Contract Owner. For those contracts where the Contract Owner is a non-natural person, for purposes of this option, the determining life is that of the Annuitant, and all references in this option to "Contract Owner" shall mean Annuitant. If, in addition to the Annuitant, a Co-Annuitant or joint annuitant has been elected, the determining life will be that of the primary Annuitant as named on the application. The determining life may not be changed.
Availability
The Nationwide L.inc Plus Riders are available under the contract at the time of application. Only one optional living benefit may be elected. Once elected, the Nationwide L.inc Plus Riders are irrevocable. The Nationwide L.inc Plus Riders are not available on beneficially owned contracts – those contracts that are inherited by a beneficiary and the beneficiary continues to hold the contract as a beneficiary (as opposed to treating the contract as his/her own) for tax purposes. However, if such contract becomes beneficially owned by the spouse of the Contract Owner, and the Joint Option for that Nationwide L.inc Plus Rider is elected, then the spouse may keep the applicable Nationwide L.inc Plus Rider. However, once a contract becomes beneficially owned, the contract will not receive the benefit of the RMD privilege discussed later in this section.
Rider Charge
In exchange for Lifetime Withdrawals, Nationwide will assess an annual charge not to exceed 1.50% of the Current Income Benefit Base. Currently, the charge for the Nationwide L.inc Plus Riders is 1.30% of the Current Income Benefit Base. The current charge will not change, except, possibly, upon the Contract Owner’s election to reset the benefit base, as discussed herein. If the current charge does change, it will not exceed the maximum charge of 1.50% of the Current Income Benefit Base.
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The charge will be assessed on each Contract Anniversary and will be deducted via redemption of Accumulation Units. The charge will be assessed until annuitization. A prorated charge will also be deducted upon full surrender of the contract. Accumulation Units will be redeemed proportionally from each Sub-Account in which the Contract Owner is invested at the time the charge is taken. Amounts redeemed as the Nationwide L.inc Plus Rider charge will not negatively impact calculations associated with other benefits elected or available under the contract, will not be subject to a CDSC, and will not reduce amounts available under the CDSC-free withdrawal privilege.
Investment Requirements
Election of one of the Nationwide L.inc Plus Riders requires that the Contract Owner, until annuitization, allocate the entire Contract Value to a limited set of investment options currently available in the contract, or if the Custom Choice Asset Rebalancing Service is elected (see Custom Choice Asset Rebalancing Service), all underlying mutual funds currently available in the contract are permitted subject to applicable allocation limitations of Custom Choice. For the list of available investment options, see Income Benefit Investment Options. Allocation requests to investment options other than those listed in the Income Benefit Investment Options section will not be honored; they will be treated as though no allocation request was submitted.
Dollar Cost Averaging programs for the Nationwide L.inc Plus Riders are not available.
Transfers Among Permitted Investment Options
The Contract Owner may reallocate the Contract Value among the limited set of investment options in accordance with the Transfers Prior to Annuitization provision. The Contract Owner may reallocate the Contract Value within the Custom Choice Asset Rebalancing Service in accordance with that provision. Additionally, Contract Owners may change from the Custom Choice Asset Rebalancing Service to the permitted investment options, and vice versa.
Subsequent Purchase Payments
Currently, subsequent purchase payments are permitted under the Nationwide L.inc Plus Riders as long as the Contract Value is greater than $0. Any subsequent purchase payments will increase the Current Income Benefit Base by the amount of the purchase payment submitted.
Nationwide reserves the right to reject subsequent purchase payments in the event subsequent purchase payments create a financial risk that Nationwide is unwilling to bear. This reservation of right may limit the amount a Contract Owner can invest in the contract. Contract Owners should consider this reservation of right when making the initial purchase payment. If Nationwide exercises this right to refuse purchase payments, the restriction will apply to all Contract Owners who have purchased the Nationwide L.inc Plus Rider, and the entire purchase payment will be immediately returned to the Contract Owner in the same form in which it was received. Generally, Nationwide may invoke this right in times of economic instability in the United States economy. Nationwide will notify Contract Owners if subsequent purchase payments are no longer being accepted, and Contract Owners may contact the Service Center to find out if Nationwide will accept subsequent purchase payments.
Rate Sheet Supplements for the Nationwide L.inc Plus Riders
For contracts with applications signed on or after the date of the prospectus, the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. In order to receive the applicable Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages stated in a Rate Sheet Supplement, the application must be signed and received in good order by Nationwide within the stated time period during which such withdrawal percentages will be applicable. The Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages applicable in time periods other than the time period when the application is signed are not applicable to the contract. Nationwide reserves the right to change the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages at any time; however, Nationwide will not change the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages for contracts once issued. You should not purchase the contract without first obtaining the applicable Rate Sheet Supplement that contains the Roll-up Interest Rate, Roll-up Crediting Period, and Lifetime Withdrawal Percentages that are applicable at the time. All Rate Sheet Supplements are available by contacting the Service Center, and also are available on the SEC’s EDGAR system at www.sec.gov (file number: 333-235383).
For contracts with applications signed prior to the date of the prospectus, see Appendix D: Historical Rates and Percentages.
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Determination of the Income Benefit Base Prior to the First Lifetime Withdrawal
Upon contract issuance, the Original Income Benefit Base is equal to the Contract Value. Thereafter, Nationwide tracks, on a continuous basis, the Current Income Benefit Base which is used to calculate the benefit amount. The Current Income Benefit Base from the date of contract issuance until the first Lifetime Withdrawal will reflect any additional purchase payments, reset opportunities, and if elected, a Non-Lifetime Withdrawal, as described below.
The Roll-up Interest Rate and Roll-up Crediting Period (discussed herein) are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. For additional information on Rate Sheet Supplements, see Rate Sheet Supplements for the Nationwide L.inc Plus Riders.
Provided no withdrawals are taken from the contract, the Current Income Benefit Base for the Nationwide L.inc Plus Riders will equal the greater of:
(1) Highest Contract Value: the highest Contract Value on any Contract Anniversary plus purchase payments submitted after that Contract Anniversary; or
(2) Roll-up Value: the roll-up amount, which is equal to the sum of the following calculations:
(a) Original Income Benefit Base with Roll-up: the Original Income Benefit Base, plus the Roll-up Interest Rate based on the Original Income Benefit Base for each Contract Anniversary up to and including the Contract Anniversary after the Roll-up Crediting Period; plus
(b) Subsequent Purchase Payments with Roll-up: any purchase payments submitted after contract issuance and before the Contract Anniversary after the Roll-up Crediting Period, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(c) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted after the Contract Anniversary after the Roll-up Crediting Period.
If a Non-Lifetime Withdrawal is taken on or before the Contract Anniversary after the Roll-up Crediting Period, the Current Income Benefit Base for the Nationwide L.inc Plus Riders will equal the greatest of:
(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Highest Contract Value: the highest Contract Value on any Contract Anniversary on or after the Non-Lifetime Withdrawal, plus purchase payments submitted after that Contract Anniversary; or
(3) Roll-up Value: the adjusted roll-up amount, which is equal to the sum of the following calculations:
(a) Adjusted Roll-up Income Benefit Base with Roll-up: the Adjusted Roll-up Income Benefit Base, plus the Roll-up Interest Rate based on the Adjusted Roll-up Income Benefit Base for each Contract Anniversary up to and including the Contract Anniversary after the Roll-up Crediting Period; plus
(b) Subsequent Purchase Payments with Roll-up: the sum of the following calculations:
(aa) Before the Non-Lifetime Withdrawal: any purchase payments submitted after contract issuance and before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(bb) After the Non-Lifetime Withdrawal and before the Contract Anniversary after the Roll-up Crediting Period: any purchase payments submitted on or after the Non-Lifetime Withdrawal and before the Contract Anniversary after the Roll-up Crediting Period, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(c) Subsequent Purchase Payments with No Roll-up: any purchase payments submitted after the Contract Anniversary after the Roll-up Crediting Period.
If a Non-Lifetime Withdrawal is taken after the Contract Anniversary after the Roll-up Crediting Period, the Current Income Benefit Base for the Nationwide L.inc Plus Riders will equal the greatest of:
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(1) Adjusted Current Income Benefit Base: the Current Income Benefit Base immediately before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section;
(2) Roll-up Value: the adjusted roll-up amount, which is equal to the sum of the following calculations:
(a) Adjusted Roll-up Income Benefit Base with Roll-up: the Adjusted Roll-up Income Benefit Base, plus the Roll-up Interest Rate based on the Adjusted Roll-up Income Benefit Base for each Contract Anniversary up to and including the Contract Anniversary after the Roll-up Crediting Period; plus
(b) Subsequent Purchase Payments with Roll-up: any purchase payments submitted after contract issuance and before the Contract Anniversary after the Roll-up Crediting Period, proportionally reduced as described in the Non-Lifetime Withdrawal section, increased by simple interest at an annual rate of the Roll-up Interest Rate each year from the date the subsequent purchase payments are applied through the Contract Anniversary after the Roll-up Crediting Period; plus
(c) Subsequent Purchase Payments with No Roll-up: the sum of the following calculations:
(aa) After the Contract Anniversary after the Roll-up Crediting Period and before the Non-Lifetime Withdrawal: any purchase payments submitted after the Contract Anniversary after the Roll-up Crediting Period and before the Non-Lifetime Withdrawal, proportionally reduced as described in the Non-Lifetime Withdrawal section; plus
(bb) After the Non-Lifetime Withdrawal: any purchase payments submitted on or after the Non-Lifetime Withdrawal; or
(3) Highest Contract Value: the highest Contract Value on any Contract Anniversary after the Contract Anniversary after the Roll-up Crediting Period, plus purchase payments submitted after that Contract Anniversary.
When a purchase payment is applied on a date other than a Contract Anniversary, simple interest is calculated using a prorated method based upon the number of days from the date of the purchase payment to the next Contract Anniversary. However, if at any time prior to the first Lifetime Withdrawal the Contract Value equals $0, no additional purchase payments will be accepted and no further benefit base calculations will be made. The Current Income Benefit Base will be set equal to the benefit base calculated on the most recent Contract Anniversary minus adjustments made for excess withdrawals after that date, and the Lifetime Withdrawal Amount will be based on that Current Income Benefit Base. Since the roll-up is only calculated for the duration of the Roll-up Crediting Period or prior to the first Lifetime Withdrawal, whichever comes first, any purchase payments the Contract Owner makes during that time period will increase the Current Income Benefit Base more than purchase payments made after that time period.
Non-Lifetime Withdrawal
After the first Contract Anniversary, the Contract Owner may request a one-time withdrawal ("Non-Lifetime Withdrawal") without initiating the lifetime income benefit under the Nationwide L.inc Plus Riders. The Non-Lifetime Withdrawal will not lock in the Lifetime Withdrawal Percentage and will not stop the simple interest roll-up (the Roll-up Interest Rate). However, the Non-Lifetime Withdrawal will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent years. As with all withdrawals, a Non-Lifetime Withdrawal will reduce the Contract Value and death benefit. In addition, it will be subject to the CDSC provisions of the contract. A Non-Lifetime Withdrawal cannot be taken after the Contract Owner initiates the Lifetime Withdrawals.
A Non-Lifetime Withdrawal will cause a reduction to three factors used to calculate the Lifetime Withdrawal Amount: (1) the Current Income Benefit Base; (2) the Original Income Benefit Base (resulting in the Adjusted Roll-up Income Benefit Base); and (3) Subsequent purchase payments applied before the Non-Lifetime Withdrawal. All three factors are reduced by a figure representing the proportional amount of the withdrawal, as follows:
Reduction to Current Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Current Income Benefit Base
prior to the Non-Lifetime Withdrawal
Contract Value (prior to the Non-
Lifetime Withdrawal)
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Reduction to Original Income
Benefit Base 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Original Income Benefit Base
Contract Value (prior to the Non-
Lifetime Withdrawal)
    
Reduction to subsequent
purchase payments
before
the Non-Lifetime Withdrawal 		= Gross dollar
amount of the Non-Lifetime
Withdrawal 		X Subsequent purchase payments
applied before
the Non-Lifetime Withdrawal
Contract Value (prior to the Non-
Lifetime Withdrawal)
All Non-Lifetime Withdrawal requests must be made on a Nationwide form which is available by contacting the Service Center. If the Contract Owner requests a withdrawal without using the Nationwide form, the withdrawal request will be treated as a Lifetime Withdrawal request and will not be treated as a request for a Non-Lifetime Withdrawal.
Lifetime Withdrawals
At any time after a Nationwide L.inc Plus Rider is elected, the Contract Owner may begin taking the lifetime income benefit by taking a Lifetime Withdrawal from the contract. Unless the Contract Owner requests a one-time Non-Lifetime Withdrawal, the first withdrawal under the contract constitutes the first Lifetime Withdrawal, even if such withdrawal is taken to meet minimum distribution requirements under the Internal Revenue Code or is taken to pay advisory or investment management fees. Nationwide will surrender Accumulation Units proportionally from the Sub-Accounts as of the date of the withdrawal request. As with any withdrawal, Lifetime Withdrawals reduce the Contract Value and consequently, the amount available for annuitization.
At the time of the first Lifetime Withdrawal, the Roll-up Interest Rate terminates and the Current Income Benefit Base is locked in and will not change unless the Contract Owner takes excess withdrawals, elects a reset opportunity (both discussed later in this provision), or submits additional purchase payments. Additional purchase payments submitted after the first Lifetime Withdrawal from the contract will increase the Current Income Benefit Base by the amount of the purchase payment.
The applicable Lifetime Withdrawal Percentage is determined as follows:
(1) Nationwide Lifetime Income Rider Plus Core – For the Nationwide Lifetime Income Rider Plus Core, the applicable Lifetime Withdrawal Percentage is determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal. In contrast to the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max, Nationwide Lifetime Income Rider Plus Core uses a single applicable Lifetime Withdrawal Percentage, that once established, will not change for the life of the contract.
(2) Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max – For the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max, two applicable Lifetime Withdrawal Percentages are used – the first that is applicable when the Contract Value is greater than $0, and the second that becomes applicable once the Contract Value reaches $0. Both of the applicable Lifetime Withdrawal Percentages (for Contract Value greater than $0, and once Contract Value reaches $0) are determined based on the age of the Contract Owner at the time of the first Lifetime Withdrawal, and once established, will not change for the life of the contract.
The Lifetime Withdrawal Percentages are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. For additional information on Rate Sheet Supplements, see Rate Sheet Supplements for the Nationwide L.inc Plus Riders.
For contracts that elect the Joint Option for that Nationwide L.inc Plus Rider, the Lifetime Withdrawal Percentages will be equal to or less than the Lifetime Withdrawal Percentages for the corresponding Nationwide L.inc Plus Rider.
Note: The Internal Revenue Code requires that IRAs, SEP IRAs, Simple IRAs, and Investment-Only Contracts begin distributions no later than April 1 of the calendar year following the calendar year in which the Contract Owner reaches age 70½ (age 72 for those Contract Owners who turn age 72 on or after January 1, 2020). Contract Owners subject to minimum required distribution rules may not be able to take advantage of the Lifetime Withdrawal Percentages available at higher age bands if distributions are taken from the contract to meet these Internal Revenue Code
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requirements. Contract Owners who elect not to take minimum required distributions from this contract, i.e., they take minimum required distributions from other sources, may be able to take advantage of Lifetime Withdrawal Percentages at the higher age bands. Consult a qualified tax advisor for more information.
At the time of the first Lifetime Withdrawal and for each calendar year thereafter, the applicable Lifetime Withdrawal Percentage is multiplied by the Current Income Benefit Base to determine the Lifetime Withdrawal Amount for that calendar year. The Lifetime Withdrawal Amount is the maximum amount that can be withdrawn from the contract during the next calendar year without reducing the Current Income Benefit Base. If the contract is issued in the same calendar year as the first Lifetime Withdrawal, then the Lifetime Withdrawal Amount for the first calendar year will be prorated based upon the number of calendar days from the date the contract was issued to the end of the calendar year (December 31st). The ability to withdraw the Lifetime Withdrawal Amount will continue until the earlier of the Contract Owner’s death or annuitization.
In addition, for the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max, if the Contract Value reaches $0, the applicable Lifetime Withdrawal Percentage will switch from the Lifetime Withdrawal Percentage applicable when Contract Value is greater than $0 to the Lifetime Withdrawal Percentage applicable once Contract Value reaches $0, as established at the time of the first Lifetime Withdrawal. If the Contract Value reaches zero due to a Lifetime Withdrawal, or on any Contract Anniversary as a result of the Variable Account charges or the Nationwide L.inc Plus Rider charge, the Lifetime Withdrawal Percentage will not switch to the Lifetime Withdrawal Percentage applicable once Contract Value reaches $0 until the immediately subsequent calendar year.
The following is an example of the Contract Value reaching $0 due to a Lifetime Withdrawal, and the switching of the Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Rider Plus Accelerated or Nationwide Lifetime Income Rider Plus Max:
Assume a Contract Owner purchases a contract on April 1, 2020 for $100,000. On April 1, 2023, assume the contract stands as follows:
Total purchase payments:
$100,000
Contract Value:
$103,929
Roll-up Interest Rate:
6.00%
Current Income Benefit Base:
$118,000
Assume the Contract Owner elects to begin lifetime income, taking the first Lifetime Withdrawal on January 1, 2024. At the time of the first Lifetime Withdrawal, assume the applicable Lifetime Withdrawal Percentages are 5.50% for Contract Value greater than $0 and 3.00% for once Contract Value reaches $0. Assuming no change to the Current Income Benefit Base from April 1, 2023, the Lifetime Withdrawal Amount would be $6,490 ($118,000 x 0.055).
Thereafter, assume the Contract Owner takes the full Lifetime Withdrawal Amount of $6,490 on January 1 of each calendar year.
On January 1, 2039, assume that the Contract Value is now $6,037. The Contract Owner can again take the full Lifetime Withdrawal Amount of $6,490 on January 1, 2039, which would then reduce the Contract Value to $0.
On January 1, 2040, assuming the Current Income Benefit Base is still $118,000, the new Lifetime Withdrawal Amount would be $3,540 ($118,000 x .03).
The Contract Owner can elect to set up Systematic Withdrawals or can request each Lifetime Withdrawal separately. All Lifetime Withdrawal requests must be made on a Nationwide form available by contacting the Service Center.
Generally, each calendar year’s Lifetime Withdrawal Amount is non-cumulative, except where the Income Carryforward privilege (discussed below) applies. Unless the Income Carryforward privilege applies, a Contract Owner cannot take a previous calendar year’s Lifetime Withdrawal Amount in a subsequent calendar year without causing an excess withdrawal (discussed herein) that will reduce the Current Income Benefit Base. Although Lifetime Withdrawals up to the Lifetime Withdrawal Amount do not reduce the Current Income Benefit Base, they do reduce the Contract Value and the death benefit.
Income Carryforward
The Nationwide L.inc Plus Riders include an Income Carryforward privilege whereby Nationwide permits a Contract Owner to withdraw any part of the Lifetime Withdrawal Amount not taken in a given calendar year (the Income Carryforward amount) in the next calendar year, and the next calendar year only. Lifetime Withdrawals first reduce any available Income Carryforward amount. In addition, the Income Carryforward amount is non-cumulative, and
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therefore will be forfeited if not withdrawn in the calendar year when available; the Income Carryforward amount cannot be carried over from one year to the next. Any amounts available under the Income Carryforward privilege are not treated as excess withdrawals.
The Income Carryforward amount available in any given calendar year is not adjusted as a result of any additional purchase payments or reset opportunities during that year.
The following is an example of how the Income Carryforward privilege may apply:
Assume a Contract Owner purchases a contract on April 1, 2020 for $100,000, with a Roll-up Interest Rate of 6.00%. On April 1, 2021, assume the Current Income Benefit Base is $106,000 ($100,000 x 0.06). In May of 2021, assume the Contract Owner elects to begin lifetime income, taking the first Lifetime Withdrawal on May 1, 2021. At the time of the first Lifetime Withdrawal, assume the applicable Lifetime Withdrawal Percentage is 4.00%. Assuming no change to the Current Income Benefit Base from April 1, 2020, the Lifetime Withdrawal Amount would be $4,240 ($106,000 x 0.04).
Thereafter, assume the following withdrawal activity:
  Withdrawal
Activity 		  Before
Withdrawal Processing 		  After
Withdrawal Processing 		   
  Lifetime
Withdrawals 		  Income
Carryforward
Amount 		  Lifetime
Withdrawal
Amount 		  Income
Carryforward
Amount 		  Lifetime
Withdrawal
Amount 		 
May 1, 2021
$3,000   $0   $4,240   $0   $1,240 The portion of the Lifetime Withdrawal Amount not taken in 2021 is the Income Carryforward amount for 2022.
January 1, 2022
    --   --   $1,240   $4,240  
March 1, 2022
$1,000   $1,240   $4,240   $240   $4,240 Lifetime Withdrawals first reduce any available Income Carryforward amount.
July 1, 2022
$4,000   $240   $4,240   $0   $480 The Income Carryforward amount can be taken in one or multiple withdrawals during the year.
January 1, 2023
    --   --   $480   $4,240  
June 1, 2023
$4,720   $480   $4,240   $0   $0 The entire Lifetime Withdrawal Amount is taken in 2023, so there is no Income Carryforward amount for 2024.
January 1, 2024
    --   --   $0   $4,240  
February 1, 2024
$3,000   $0   $3,000   $0   $1,240 The portion of the Lifetime Withdrawal Amount not taken in 2024 is the Income Carryforward amount for 2025.
January 1, 2025
    --   --   $1,240   $4,240  
December 31, 2025
$1,000   $1,240   $4,240   $240   $4,240 The Income Carryforward amount is forfeited if not withdrawn in the calendar year in which it is available.
January 1, 2026
    --   --   $4,240   $4,240  
September 1, 2026
$2,000   $4,240   $4,240   $2,240   $4,240  
Impact of Withdrawals in Excess of the Lifetime Withdrawal Amount
The Contract Owner is permitted to withdraw Contract Value in excess of that year’s Lifetime Withdrawal Amount provided that the Contract Value is greater than $0. Withdrawals in excess of the Lifetime Withdrawal Amount will reduce the Current Income Benefit Base, and consequently, the Lifetime Withdrawal Amount calculated for subsequent calendar years. In the event of excess withdrawals, the Current Income Benefit Base will be reduced by the greater of:
(1) the dollar amount of the withdrawal in excess of the Lifetime Withdrawal Amount; or
(2) a figure representing the proportional amount of the withdrawal. This amount is determined by the following formula:
   
dollar amount of the excess withdrawal X Current Income Benefit Base
prior to the withdrawal
Contract Value (reduced by the amount
of the Lifetime Withdrawal Amount withdrawn)
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In situations where the Contract Value exceeds the existing Current Income Benefit Base, excess withdrawals will typically result in a dollar amount reduction to the new Current Income Benefit Base. In situations where the Contract Value is less than the existing Current Income Benefit Base, excess withdrawals will typically result in a proportional reduction to the new Current Income Benefit Base.
Amounts available under the Income Carryforward privilege are not treated as excess withdrawals, and therefore withdrawals under the Income Carryforward privilege will not reduce the Current Income Benefit Base.
The Nationwide L.inc Plus Riders will automatically terminate if an excess withdrawal reduces the Current Income Benefit Base to $0. For example, if the Current Income Benefit Base is $50,000, the Contract Value is $60,000, the Lifetime Withdrawal Amount is $5,000, there is no Income Carryforward amount available, and a withdrawal of $55,000 is taken, then $50,000 of the amount withdrawn is an excess withdrawal ($55,000-$5,000). As a result, the Current Income Benefit Base of $50,000 is reduced by $50,000 (the dollar amount of the excess withdrawal), which is the greater of $50,000 or $45,455 [[$50,000/($60,000-$5,000)] x $50,000], and therefore the rider terminates as the Current Income Benefit Base would be reduced to $0.
RMD Privilege
In addition, currently, Nationwide allows for an "RMD privilege" whereby Nationwide permits a Contract Owner to withdraw Contract Value in excess of the Lifetime Withdrawal Amount (plus any amount available under the Income Carryforward privilege, if applicable) without reducing the Current Income Benefit Base if such excess withdrawal is for the sole purpose of meeting Internal Revenue Code required minimum distributions for this contract. The RMD privilege is not available in the calendar year of the date the contract is issued. In order to qualify for the RMD privilege, the Contract Owner must:
(1) be at least 70½ years old (72 years old for those Contract Owners who turn age 72 on or after January 1, 2020) as of the date of the request, or will be at least age 70½ (age 72 for those Contract Owners who turn age 72 on or after January 1, 2020) in the calendar year that the RMD privilege would first apply;
(2) own the contract as an IRA, SEP IRA, Simple IRA, or Investment-Only Contract; and
(3) submit a completed administrative form in advance of the withdrawal to the Service Center.
Nationwide reserves the right to modify or eliminate the RMD privilege if there is any change to the Internal Revenue Code or IRS rules relating to required minimum distributions, including the issuance of relevant IRS guidance. If Nationwide exercises this right, Nationwide will provide notice to Contract Owners and any withdrawal in excess of the Lifetime Withdrawal Amount will reduce the remaining Current Income Benefit Base.
Once the Contract Value falls to $0, the Contract Owner is no longer permitted to submit additional purchase payments or take withdrawals in excess of the then applicable Lifetime Withdrawal Amount. Additionally, there is no Contract Value to annuitize, making the payment of the benefit associated with this option the only income stream producing benefit remaining in the contract.
Reset Opportunities
Nationwide offers an automatic reset of the Current Income Benefit Base. If, on any Contract Anniversary, the Contract Value exceeds the Current Income Benefit Base, Nationwide will automatically reset the Current Income Benefit Base to equal that Contract Value. This higher amount will be the new Current Income Benefit Base. This automatic reset will continue until either the current charge for, or the list of permitted investment options associated with the applicable Nationwide L.inc Plus Rider changes.
In the event the current charge for, or the list of permitted investment options of the applicable Nationwide L.inc Plus Rider changes, the reset opportunities still exist, but are no longer automatic. An election to reset the Current Income Benefit Base must be made by the Contract Owner to Nationwide. On or about each Contract Anniversary, Nationwide will provide notice to the Contract Owner with information necessary to make this determination. Specifically, Nationwide will provide: the Contract Value; the Current Income Benefit Base; the current terms and conditions associated with the applicable Nationwide L.inc Plus Rider; and instructions on how to communicate an election to reset the benefit base.
If the Contract Owner elects to reset the Current Income Benefit Base, it will be at the then current terms and conditions of the option as described in the most current prospectus. If Nationwide does not receive a Contract Owner’s election to reset the Current Income Benefit Base within 60 days after the Contract Anniversary, Nationwide will assume that the Contract Owner does not wish to reset the Current Income Benefit Base. If the Current Income Benefit Base is not reset, it will remain the same and the terms and conditions of the applicable Nationwide L.inc Plus Rider will not change (as applicable to that particular contract).
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Contract Owners may cancel the automatic reset feature of the Nationwide L.inc Plus Rider by notifying Nationwide as to such election.
Annuitization
If the Contract Owner elects to annuitize the contract, the elected Nationwide L.inc Plus Rider will terminate. Specifically, the charge associated with the option will no longer be assessed and all benefits associated with the Nationwide L.inc Plus Rider will terminate.
Death of Determining Life
For contracts with no Joint Option for the Nationwide L.inc Plus Rider, upon the death of the determining life, the benefits associated with the option terminate. If the Contract Owner is also the Annuitant, the death benefit will be paid in accordance with the Death Benefits provision. If the Contract Owner is not the Annuitant, the Contract Value will be distributed as described in Appendix C: Contract Types and Tax Information.
For contracts with the Joint Option for the Nationwide L.inc Plus Rider, upon the death of the determining life, the surviving spouse continues to receive the same benefit associated with the Nationwide L.inc Plus Rider which had been received by the deceased spouse, for the remainder of the survivor’s lifetime. The Contract Value will reflect the death benefit and the Spousal Protection benefit.
Tax Treatment
Although the tax treatment for Lifetime Withdrawals under withdrawal benefits such as the Nationwide L.inc Plus Riders is not clear, Nationwide will treat a portion of each Lifetime Withdrawal as a taxable distribution, as follows:
First, Nationwide determines which is greater: (1) the Contract Value immediately before the Lifetime Withdrawal; or (2) the Lifetime Withdrawal Amount immediately before the Lifetime Withdrawal. That amount (the greater of (1) or (2)) minus any remaining investment in the contract at the time of the Lifetime Withdrawal will be reported as a taxable distribution.
For any Lifetime Withdrawal taken when the Contract Value is less than or equal to the total investment in the contract, Nationwide treats the Lifetime Withdrawal as a tax-free return of investment until the entire investment in the contract has been received tax-free. Once the entire investment in the contract has been received tax-free, Lifetime Withdrawals will be reported as taxable distributions. Consult a qualified tax advisor.
Automatic Termination of the Nationwide L.inc Plus Riders
Upon termination of the Nationwide L.inc Plus Riders, Nationwide will no longer assess the charge associated with the option, and all benefits associated with the Nationwide L.inc Plus Rider will terminate. In the following instances, the Nationwide L.inc Plus Riders will automatically terminate:
(1) When withdrawals are taken in excess of the Lifetime Withdrawal Amount that reduce the Current Income Benefit Base to $0;
(2) On the Annuitization Date; or
(3) Upon the death of the determining life for contracts with no Joint Option.
Other Important Considerations
The Nationwide L.inc Plus Riders are designed for those intending to take Lifetime Withdrawals. The benefit of the Nationwide L.inc Plus Riders will be reduced, potentially significantly, if the Contract Owner takes Excess Withdrawals or a Non-Lifetime Withdrawal.
Other important considerations include the following:
• The chance of outliving Contract Value and receiving Lifetime Withdrawals from Nationwide may be reduced due to the investment restrictions imposed on the Nationwide L.inc Plus Riders.
• If the Contract Value is greater than $0, then Lifetime Withdrawals are paid from the Contract Owner’s Contract Value. Note: While the Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max provide for a higher applicable Lifetime Withdrawal Percentage when Contract Value is greater than $0, these riders can more quickly reduce your Contract Value.
• If the Contract Value is equal to $0, then Lifetime Withdrawals are paid form Nationwide’s General Account.
• Lifetime Withdrawals paid from the General Account are subject to Nationwide’s creditors and ultimately, its overall claims paying ability.
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Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max
At the time the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max is elected (at time of application), the Contract Owner may elect the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, or Joint Option for the Nationwide Lifetime Income Rider Plus Max (each the "Joint Option") (not available for contracts issued as Charitable Remainder Trusts). The Joint Option allows a surviving spouse to continue to receive, for the duration of his/her lifetime, the benefit associated with the corresponding Nationwide L.inc Plus Rider, provided certain conditions are met. Once the Joint Option is elected, it may not be removed from the contract, except as provided in the Marriage Termination section. If the Joint Option is elected, the determining life for purposes of the Nationwide L.inc Plus Rider will be that of the younger spouse.
The annual charge for the Joint Option will not exceed 0.40% of the Current Income Benefit Base. The charge will be assessed until annuitization. Currently, the charge for the Joint Option is 0.30% of the Current Income Benefit Base. If the Contract Owner elects the Joint Option, Nationwide will reduce the Lifetime Withdrawal Percentages associated with the Nationwide L.inc Plus Rider.
The Lifetime Withdrawal Percentages for the Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you. For additional information on Rate Sheet Supplements, see Rate Sheet Supplements for the Nationwide L.inc Plus Riders.
To be eligible for the Joint Option, the following conditions must be met:
(1) Both spouses must be between 50 and 85 years old at the time of application;
(2) Both spouses must be at least age 50 before either spouse is eligible to begin withdrawals. Note: the Internal Revenue Code imposes a penalty tax if a distribution is made before the Contract Owner reaches age 59½ unless certain exceptions are met (see Appendix C: Contract Types and Tax Information);
(3) If the Contract Owner is a non-natural person, both spouses must be named as Co-Annuitants, except in the case of a non-natural person Contract Owner and/or Joint Owner, and where the Spousal Protection benefit is not used, the spouses must be named as the Annuitant and contingent Annuitant and as the only primary beneficiaries;
(4) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as IRAs and Roth IRAs, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(5) Both spouses must be named as primary beneficiaries;
(6) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(7) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for IRA and Roth IRA contracts, this person must be the Contract Owner).
Note: The Joint Option is distinct from the Spousal Protection benefit associated with the death benefits. The Joint Option allows a surviving spouse to continue receiving the Lifetime Withdrawals associated with the Nationwide L.inc Plus Riders. In contrast, the Spousal Protection benefit is a death benefit bump-up feature associated with the death benefit.
Marriage Termination
If, prior to taking any withdrawals from the contract, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may remove the Joint Option from the contract. Nationwide will remove the benefit and the associated charge after the Contract Owner submits to the Service Center a written request and evidence of the marriage termination satisfactory to Nationwide. Once the Joint Option is removed from the contract, the benefit may not be re-elected or added to cover a subsequent spouse.
If, after taking any withdrawals from the contract, the marriage terminates due to divorce, dissolution, or annulment, the Contract Owner may not remove the Joint Option from the contract.
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Risks Associated with Electing the Joint Option
There are situations where a Contract Owner who elects the Joint Option will not receive the benefits associated with the option. This will occur if:
(1) the Contract Owner’s spouse (Co-Annuitant) dies before him/her;
(2) the contract is annuitized;
(3) after the first withdrawal, the marriage terminates due to divorce, dissolution, or annulment; or
(4) the beneficiary is changed.
Additionally, in the situations described in (1), (3), and (4) above, not only will the Contract Owner not receive the benefit associated with the Joint Option, but he/she must continue to pay any applicable charge until annuitization.
Income Benefit Investment Options
Unless the Custom Choice Asset Rebalancing Service is elected, only certain investment options are available to Contract Owners that elect the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option’s risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available for election.
Note: Some of the underlying mutual funds listed are funds of funds and/or funds that are designed to help reduce a Contract Owner's exposure to equity investments when equity markets are more volatile. Additionally, some of the indicated underlying mutual funds may not be available to a particular Contract Owner due to the date the contract was issued. Refer to Appendix A: Underlying Mutual Fund Information for more information regarding underlying mutual fund designations and availability.
Nationwide Lifetime Income Rider Plus Core
• Custom Choice Asset Rebalancing Service
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - American Funds NVIT Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
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• Static Asset Allocation Models - American Funds Option (33% American Funds NVIT Asset Allocation Fund, 33% American Funds NVIT Bond Fund and 34% American Funds NVIT Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% BlackRock NVIT Equity Dividend V.I. Fund, 33% BlackRock NVIT Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P.Morgan Disciplined Equity Fund)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
Nationwide Lifetime Income Rider Plus Accelerated and Nationwide Lifetime Income Rider Plus Max
• Custom Choice Asset Rebalancing Service
• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
• Static Asset Allocation Models - American Funds Managed Option (33% NVIT - American Funds NVIT Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• Static Asset Allocation Models - American Funds Option (33% American Funds NVIT Asset Allocation Fund, 33% American Funds NVIT Bond Fund and 34% American Funds NVIT Growth-Income Fund)
• Static Asset Allocation Models - BlackRock Option (34% BlackRock NVIT Equity Dividend V.I. Fund, 33% BlackRock NVIT Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Static Asset Allocation Models - Fidelity® VIP Funds Option (35% Fidelity VIP Balanced Portfolio - Service Class 2, 30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
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• Static Asset Allocation Models - J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund, 33% NVIT - NVIT J.P.Morgan Disciplined Equity Fund)
• Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
Ownership and Interests in the Contract
Contract Owner
Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract. Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.
On the Annuitization Date, the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.
Contract Owners of Non-Qualified Contracts may name a new Contract Owner at any time before the Annuitization Date. Any change of Contract Owner automatically revokes any prior Contract Owner designation. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes.
Joint Owner
Joint owners each own an undivided interest in the contract.
Non-Qualified Contract Owners can name a joint owner at any time before annuitization. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.
Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.
If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.
Contingent Owner
The contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.
If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.
The Contract Owner may name a contingent owner at any time before the Annuitization Date.
Annuitant
The Annuitant is the person who will receive annuity payments and upon whose continuation of life any annuity payment involving life contingencies depends. This person must be age 90 or younger at the time of contract issuance, unless Nationwide approves a request for an Annuitant of greater age.
Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant.
The Contract Owner may not name a new Annuitant without Nationwide’s consent.
Contingent Annuitant
If the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant. The Contingent Annuitant must be age 90 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.
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If a Contingent Annuitant is named, all provisions of the contract that are based on the Annuitant’s death prior to the Annuitization Date will be based on the death of the last survivor of the Annuitant and Contingent Annuitant.
Only Non-Qualified Contract Owners may name a Contingent Annuitant.
Co-Annuitant
A Co-Annuitant, if named, must be the Annuitant’s spouse. The Co-Annuitant must be named at the time of application and will receive the benefit of the Spousal Protection benefit, provided all of the requirements set forth in the Spousal Protection section are met.
If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection benefit.
Joint Annuitant
The joint Annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends. The joint Annuitant is named at the time of annuitization.
Beneficiary and Contingent Beneficiary
The beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date and there is no joint owner. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.
A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.
Changes to the Parties to the Contract
Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:
• Contract Owner (Non-Qualified Contracts only);
• joint owner;
• contingent owner;
• Annuitant (subject to Nationwide’s underwriting and approval);
• Contingent Annuitant (subject to Nationwide's underwriting and approval);
• Co-Annuitant (must be Annuitant's spouse)
• beneficiary; or
• contingent beneficiary.
The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded.
Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee.
If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.
Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.
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Certain options and features under the contract have specific requirements as to who can be named as the beneficiary in order to receive the benefit of the option or feature. Changes to the beneficiary may result in the termination or loss of benefit of these options or features. Further, changes to the beneficiary may result in the Contract Owner not receiving the benefit associated with an option while still continuing to pay any applicable charge for the option. Contract Owners contemplating beneficiary to the contract should contact their registered representative to determine how the changes impact the options and features under the contract.
Operation of the Contract
Pricing
Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)
Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays:
• New Year's Day
• Martin Luther King, Jr. Day
• Presidents' Day
• Good Friday
• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving
• Christmas
Nationwide also will not price purchase payments, withdrawals, or transfers if:
(1) trading on the New York Stock Exchange is restricted;
(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or
(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.
Rules and regulations of the SEC will govern as to when the conditions described in (2) and (3) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.
Application and Allocation of Purchase Payments
Initial Purchase Payments
Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.
If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.
Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.
Subsequent Purchase Payments
Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.
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Allocation of Purchase Payments
Nationwide allocates purchase payments to Sub-Accounts as instructed by the Contract Owner. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.
Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.
Determining the Contract Value
The Contract Value is the sum of the value of amounts allocated to the Sub-Accounts. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account based on current cash values.
Determining Variable Account Value - Valuing an Accumulation Unit
Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.
Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.
The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:
(a) is the sum of:
(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and
(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).
(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.
(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.85% (with the Administrative Charge waiver; otherwise, 0.95%) to 1.45% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.
Note: The range shown above reflects only those Variable Account charges that are assessed daily as part of the daily Accumulation Unit calculation. It does not reflect the cost of other optional benefits that assess charges via the redemption of Accumulation Units.
Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.
Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.
Transfer Requests
Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.
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Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see Managers of Multiple Contracts).
Transfer Restrictions
Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.
Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:
• the dilution of the value of the investors' interests in the underlying mutual fund;
• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or
• increased administrative costs due to frequent purchases and redemptions.
To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.
Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.
Redemption Fees
Some underlying mutual funds assess a short-term trading fee in connection with transfers from a Sub-Account that occur within 60 days after the date of the allocation to the Sub-Account. The fee is assessed against the amount transferred and is paid to the underlying mutual fund. Redemption fees compensate the underlying mutual fund for any negative impact on fund performance resulting from short-term trading. If a short-term trading fee is assessed, the Contract Owner will receive a confirmation notice.
Currently, none of the underlying mutual funds assess a short-term trading fee.
U.S. Mail Restrictions
Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.
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As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:
Trading Behavior Nationwide's Response
Six or more transfer events in one calendar quarter Nationwide will mail a letter to the Contract Owner notifying them that:
(1) they have been identified as engaging in harmful trading practices; and
(2) if their transfer events exceed 11 in two consecutive calendar quarters or 20 in one calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. mail on a Nationwide issued form.
More than 11 transfer events in two consecutive calendar quarters
OR
More than 20 transfer events in one calendar year 		Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. mail on a Nationwide issued form.
For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.
Each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. See, however, the Other Restrictions provision.
Managers of Multiple Contracts
Some financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals will generally be required by Nationwide to submit all transfer requests via U.S. mail.
Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.
Other Restrictions
Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.
Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.
Any restrictions that Nationwide implements will be applied consistently and uniformly.
Underlying Mutual Fund Restrictions and Prohibitions
Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:
(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;
(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and
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(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).
Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.
Transfers Prior to Annuitization
Transfers Among the Sub-Accounts
A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.
Transfers After Annuitization
After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.
After annuitization, transfers among Sub-Accounts may only be made once per calendar year.
Right to Examine and Cancel
If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. The free look period is 10 days, unless the contract is purchased as a replacement for another annuity contract, in which case it is 60 days. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. Nationwide will also honor any free look cancellation for replacement annuity contracts that are received at the Service Center or postmarked within 60 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.
In the event of a free look cancellation, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding.
Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.
Surrender/Withdrawal Prior to Annuitization
Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see Appendix C: Contract Types and Tax Information). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone will be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.
Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.
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Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see Determining the Contract Value). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.
Partial Withdrawals
If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.
Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:
(a) the amount requested; or
(b) the Contract Value remaining after the Contract Owner has received the amount requested.
If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.
The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.
Termination for Low Contract Value
Nationwide reserves the right to treat a request for a partial withdrawal as a request for a full surrender of the contract if:
(a) the partial withdrawal would reduce the Contract Value to an amount less than $2,000;
(b) cumulative purchase payments, less any partial withdrawals, is less than $2,000; and
(c) no subsequent purchase payments have been submitted for the preceding two consecutive Contract Years.
Nationwide may not exercise this right until at least three years after the date of issue.
No contract will be surrendered due solely to negative investment performance, and federal tax law may impose additional restrictions on Nationwide’s right to surrender your contract. In addition, Nationwide will not surrender any contract that includes the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, or the Return of Premium Death Benefit Option, Return of Premium Death Benefit Option with Spousal Protection, Highest Anniversary Value Death Benefit Option, or Highest Anniversary Value Death Benefit Option with Spousal Protection if, at the time the termination would otherwise occur, the guaranteed benefit remaining under these options is greater than the Contract Value. For all other contracts, Nationwide reserves the right to exercise this termination provision, subject to obtaining any required regulatory approvals.
Partial Withdrawals to Pay Investment Advisory Fees
Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties. In addition, withdrawals taken from the contract to pay advisory or investment management fees may negatively impact the benefit associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max.
Full Surrenders
Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:
• Variable Account charges
• underlying mutual fund charges
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• the investment performance of the underlying mutual funds
• charges associated with the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max and Joint Option (if elected)
• a $30 Contract Maintenance Charge (this charge will be waived upon full surrender if the Contract Value is equal to or greater than $50,000 at the time of the full surrender or on any Contract Anniversary prior to the full surrender)
The CDSC-free withdrawal privilege does not apply to full surrenders of the contract. For purposes of the CDSC-free withdrawal privilege, a full surrender is:
• multiple withdrawals taken within a Contract Year that deplete the entire Contract Value; or
• any single net withdrawal of 90% or more of the Contract Value.
Surrender/Withdrawal After Annuitization
After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.
Assignment
Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.
A Non-Qualified Contract Owner may assign some or all rights under the contract subject to Nationwide’s consent. Additionally, Nationwide reserves the right to refuse to recognize assignments on a non-discriminatory basis. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.
Contract Owner Services
Asset Rebalancing
Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.
Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see Transfer Restrictions).
Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.
Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.
Dollar Cost Averaging
Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.
Contract Owners direct Nationwide to automatically transfer specified amounts from the following Sub-Account(s) (if available):
• Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II
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• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II
• Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II
• PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class
• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
to any other Sub-Account(s).
Transfers occur monthly. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Sub-Account will remain allocated to the Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.
Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.
Dollar Cost Averaging is not available if the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max is elected.
Systematic Withdrawals
Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.
The withdrawals will be taken from the Sub-Accounts proportionally unless Nationwide is instructed otherwise.
Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.
A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the amount available under the CDSC-free withdrawal privilege (see Contingent Deferred Sales Charge).
The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see Contingent Deferred Sales Charge).
Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.
Custom Choice Asset Rebalancing Service
For Contract Owners that have elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, Nationwide makes available the Custom Choice Asset Rebalancing Service ("Custom Choice") at no extra charge. Custom Choice is an asset allocation framework that Contract Owners can use to build their own customized portfolio of investments, subject to the applicable fund category (Groups A, B, and C) allocation limitations. Asset allocation is the process of investing in different asset classes (such as equity funds, fixed income funds, and specialty funds) and may reduce the risk and volatility of investing. There are no guarantees that Custom Choice will result in a profit or protect against loss in a declining market.
Enrolling in Custom Choice
To participate in Custom Choice, eligible Contract Owners may enroll by submitting the proper Custom Choice administrative form to the Service Center in good order. While Custom Choice is elected, Contract Owners cannot participate in any asset reallocation or asset rebalancing program other than as permitted by Custom Choice, as described below. Only one Custom Choice program may be created and in effect at a time, and the entire Contract Value must participate in Custom Choice.
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At the time of enrollment, the Contract Owner selects from the specific Sub-Accounts (classified according to Groups A, B, and C) and directs their investment percentages within the applicable allocation limitations, enabling the Contract Owner to create their own unique "Custom Choice" portfolio. The specific Sub-Accounts comprising Groups A, B, and C and the current allocation limitations are identified in the enrollment form.
Note: Contract Owners should consult with a qualified financial professional regarding the use of Custom Choice and to determine which Sub-Accounts and investment percentages are appropriate for them.
Once enrollment is complete, the contract’s Custom Choice portfolio is static. This means that the investment percentages allocated to each Sub-Account are not monitored or adjusted to reflect changing market conditions, except for quarterly rebalancing or other Contract Owner driven changes, as described below.
Note: Nationwide may subsequently change allocation limitations and/or Sub-Accounts within Groups A, B, and C; the changes will apply only to new enrollees in Custom Choice and existing participants in Custom Choice that implement a change to their Custom Choice portfolio after the change implementation date. Sub-Accounts may also become unavailable due to a change impacting the availability of an underlying mutual fund under the contract (see The Variable Account and Underlying Mutual Funds).
Quarterly Rebalancing
At the end of each calendar quarter, Nationwide will automatically reallocate the Contract Values in each Sub-Account to make the Contract Values in each Sub-Account match the previously selected investment percentages. If the end of a calendar quarter is a Saturday, Sunday, recognized holiday, or any other day that the New York Stock Exchange is closed, the quarterly rebalancing will occur on the next business day. Rebalancing will be priced using the unit value determined on the last Valuation Date of the calendar quarter. Quarterly rebalancing is not considered a transfer event.
Changing Custom Choice Allocations
Contract Owners enrolled in Custom Choice may change the specified Sub-Accounts and/or the investment percentages at any time while their Custom Choice program is in effect. Any such changes will be subject to the allocation limitations applicable to new enrollees in Custom Choice. To implement changes, Contract Owners must submit new allocation instructions via written request and in good order (on Nationwide’s administrative form) to the Service Center, or by calling the Service Center. Any changes will count as a transfer event, as described in the Transfer Restrictions provision.
Nationwide reserves the right to limit the number of allocation changes a Contract Owner can make each year.
Terminating Participation in Custom Choice
Contract Owners can terminate participation in Custom Choice by submitting a written request to the Service Center or by calling the Service Center. For the termination to be effective, the termination request must contain valid reallocation instructions that are in accordance with the terms and conditions of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max as applicable. Termination is effective on the date the termination request is received at the Service Center in good order.
Static Asset Allocation Models
For Contract Owners that have elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, Nationwide makes available as a permitted investment option the following Static Asset Allocation Model(s):
• American Funds Option (33% NVIT - American Funds NVIT Asset Allocation Fund, 33% NVIT - American Funds NVIT Bond Fund, and 34% NVIT - American Funds NVIT Growth-Income Fund)
• American Funds Managed Option (33% NVIT - American Funds NVIT Bond Fund, 33% NVIT - NVIT Managed American Funds Asset Allocation Fund, 34% NVIT - NVIT Managed American Funds Growth-Income Fund)
• BlackRock Option (34% BlackRock Equity Dividend V.I. Fund, 33% BlackRock NVIT Managed Global Allocation Fund, 33% BlackRock Total Return V.I. Fund)
• Fidelity® VIP Funds Option (30% Fidelity VIP Growth & Income Portfolio - Service Class 2, 35% Fidelity VIP Balanced Portfolio - Service Class 2, 35% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2)
• Nationwide Variable Insurance Trust iShares Option (50% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II, 50% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II)
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• J.P. Morgan Option (34% JPMorgan Insurance Trust Core Bond Portfolio, 33% NVIT J.P. Morgan Disciplined Equity Fund, 33% NVIT J.P. Morgan MozaicSM Multi-Asset Fund)
The permitted investment options, including the available Static Asset Allocation Models, are more conservative than those that are not permitted, and help Nationwide manage the likelihood that Lifetime Withdrawals will be paid from Nationwide’s General Account. The availability of some models may be restricted (see Income Benefit Investment Options). Nationwide may discontinue a Static Asset Allocation Model, or a model may otherwise become unavailable due to a change impacting the availability of an underlying mutual fund under the contract (see The Variable Account and Underlying Mutual Funds).
A Static Asset Allocation Model is an allocation strategy comprised of two or more underlying mutual funds that together provide a unique allocation mix not available as a single underlying mutual fund. Contract Owners that elect a Static Asset Allocation Model directly own Sub-Account units of the underlying mutual funds that comprise the particular model. In other words, a Static Asset Allocation Model is not a portfolio of underlying mutual funds with one Accumulation Unit value, but rather, direct investment in a certain allocation of Sub-Accounts. There is no additional charge associated with investing in a Static Asset Allocation Model.
A Static Asset Allocation Model is just that: static. The allocations or "split" between one or more Sub-Accounts is not monitored and adjusted to reflect changing market conditions. However, a Contract Owner's investment in a Static Asset Allocation Model is rebalanced quarterly to ensure that the assets are allocated to the percentages in the same proportion that they were allocated at the time of election. The entire Contract Value must be allocated to the elected model.
With respect to transferring into and out of a Static Asset Allocation Model, the model is treated like a Sub-Account and is subject to the Transfers Prior to Annuitization provision. The Contract Owner may request to transfer from a model to a permitted Sub-Account. Each transfer into or out of a Static Asset Allocation Model is considered one transfer event.
For additional information about the underlying mutual funds that comprise a Static Asset Allocation Model, see Appendix A: Underlying Mutual Fund Information.
Death Benefit
Death of Contract Owner
If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the beneficiary becomes the Contract Owner. If there is no surviving beneficiary, the last surviving Contract Owner's estate becomes the Contract Owner.
A distribution of the Contract Value will be made in accordance with tax rules and as described in Appendix C: Contract Types and Tax Information. A CDSC may apply.
Death of Annuitant
If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.
If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.
If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.
Death of Contract Owner/Annuitant
If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the surviving joint owner. If there is no surviving joint owner, the death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the
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Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.
If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.
Death Benefit Payment
The recipient of the death benefit may elect to receive the death benefit:
(1) in a lump sum;
(2) as an annuity (see Annuity Payment Options); or
(3) in any other manner permitted by law and approved by Nationwide.
Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.
If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary’s proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).
Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.
Death Benefit Calculations
An applicant may elect either the standard death benefit (Return of Contract Value) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.
The value of each component of the death benefit calculation will be determined as of the date of the Annuitant's death, except for the Contract Value component, which will be determined as of the date Nationwide receives:
(1) proper proof of the Annuitant's death;
(2) an election specifying the distribution method; and
(3) any state required form(s).
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. If a Contract Owner does not submit purchase payments in excess of $1,000,000, or if Nationwide has refused to accept purchase payments in excess of $1,000,000, the references in this provision to purchase payments in excess of $1,000,000 will not apply.
Standard Death Benefit (Return of Contract Value)
If the Annuitant dies prior to the Annuitization Date, the death benefit will be the Contract Value.
Highest Anniversary Value Death Benefit Option
For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, an applicant can elect the Highest Anniversary Value Death Benefit Option. The Highest Anniversary Value Death Benefit Option is only available for contracts with Annuitants age 80 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
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If the Annuitant dies before the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greatest of:
(1) the Contract Value;
(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
(3) the highest Contract Value on any Contract Anniversary before the Annuitant’s 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
If the Annuitant dies before the Annuitization Date and the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit will be determined using the following formula:
A x F + B x (1 - F) Where:
A = The greatest of:
    (1) the Contract Value;
    (2) the total of all purchase payments made to the contract, less an adjustment for amounts withdrawn; and
    (3) the highest Contract Value on any Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
B = the Contract Value;
F = the ratio of $3,000,000 to the total of all purchase payments made to the contract.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
The practical effect of this formula is that, in down markets, the beneficiary recovers a lesser percentage of purchase payments in excess of $3,000,000 than for purchase payments up to $3,000,000. In up markets, the formula is less likely to have a negative effect. In no event will the beneficiary receive less than the Contract Value.
Highest Anniversary Value Death Benefit Option with Spousal Protection
For an additional charge at an annualized rate of 0.50% of the Daily Net Assets, an applicant can elect the Highest Anniversary Value Death Benefit Option with Spousal Protection. This option includes the Spousal Protection benefit, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse. The Highest Anniversary Value Death Benefit Option with Spousal Protection is only available for contracts with Annuitants age 80 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies before the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greatest of:
(1) the Contract Value;
(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or
(3) the highest Contract Value on any Contract Anniversary before the Annuitant’s 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
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If the Annuitant dies before the Annuitization Date and the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit will be determined using the following formula:
A x F + B x (1 - F) Where:
A = The greatest of:
    (1) the Contract Value;
    (2) the total of all purchase payments made to the contract, less an adjustment for amounts withdrawn; and
    (3) the highest Contract Value on any Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.
B = the Contract Value;
F = the ratio of $3,000,000 to the total of all purchase payments made to the contract.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
The practical effect of this formula is that, in down markets, the beneficiary recovers a lesser percentage of purchase payments in excess of $3,000,000 than for purchase payments up to $3,000,000. In up markets, the formula is less likely to have a negative effect. In no event will the beneficiary receive less than the Contract Value.
Return of Premium Death Benefit Option
For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the Return of Premium Death Benefit Option (as used herein, "premium" means purchase payments made to the contract), which provides a death benefit that is the greater of (i) Contract Value or (ii) purchase payments less an adjustment for withdrawals. The Return of Premium Death Benefit Option is only available for contracts with Annuitants age 85 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greater of:
(1) the Contract Value; or
(2) the total of all purchase payments, less an adjustment for amounts withdrawn.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit will be determined using the following formula:
(A x F) + B(1 - F), where
A = the greater of:
    (1) the Contract Value; or
    (2) the total of all purchase payments, less an adjustment for amounts withdrawn.
B = the Contract Value; and
F = the ratio of $3,000,000 to the total of all purchase payments made to the contract.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
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The practical effect of this formula is that, in down markets, the beneficiary recovers a lesser percentage of purchase payments in excess of $3,000,000 than for purchase payments up to $3,000,000. In up markets, the formula is less likely to have a negative effect. In no event will the beneficiary receive less than the Contract Value.
Return of Premium Death Benefit Option with Spousal Protection
For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Return of Premium Death Benefit Option with Spousal Protection (as used herein, "premium" means purchase payments made to the contract), which provides a death benefit that is the greater of (i) Contract Value or (ii) purchase payments less an adjustment for withdrawals. This option includes the Spousal Protection benefit, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse. The Return of Premium Death Benefit Option with Spousal Protection is only available for contracts with Annuitants age 85 or younger at the time of application. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is less than or equal to $3,000,000, the death benefit will be the greater of:
(1) the Contract Value; or
(2) the total of all purchase payments, less an adjustment for amounts withdrawn.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s). For example, if the death benefit value is $120,000, the Contract Value is $100,000, and a partial withdrawal of $10,000 is taken, then the death benefit value is decreased by $12,000 [$120,000 x ($10,000/$100,000)].
If the Annuitant dies prior to the Annuitization Date and the total of all purchase payments made to the contract is greater than $3,000,000, the death benefit will be determined using the following formula:
(A x F) + B(1 - F), where
A = the greater of:
    (1) the Contract Value; or
    (2) the total of all purchase payments, less an adjustment for amounts withdrawn.
B = the Contract Value; and
F = the ratio of $3,000,000 to the total of all purchase payments made to the contract.
Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).
The practical effect of this formula is that, in down markets, the beneficiary recovers a lesser percentage of purchase payments in excess of $3,000,000 than for purchase payments up to $3,000,000. In up markets, the formula is less likely to have a negative effect. In no event will the beneficiary receive less than the Contract Value.
Spousal Protection
A Spousal Protection benefit is available under the contract at the time of application, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse. The Spousal Protection benefit is not available with the standard death benefit, and is not available for contracts issued as Charitable Remainder Trusts. Once elected, the Spousal Protection benefit is irrevocable. There is an additional charge for the Spousal Protection benefit. Nationwide may realize a profit from the charge assessed for this option.
The benefit associated with the Spousal Protection benefit will be applied if the following conditions are met:
(1) One or both spouses (or a revocable trust of which either or both of the spouses is/are grantor(s)) must be named as the Contract Owner. For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner;
(2) The spouses must be Co-Annuitants;
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(3) Both spouses must meet the age requirement for the respective death benefit option at the time of application (must be age 80 or younger for the Highest Anniversary Value Death Benefit Option with Spousal Protection, or age 85 or younger for the Return of Premium Death Benefit Option with Spousal Protection);
(4) Both spouses must be named as beneficiaries;
(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary; and
(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner).
If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.
If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection benefit terminates and the Contract Owner is not permitted to cover a subsequent spouse.
The Spousal Protection benefit may not apply if the Contract Owner changes the beneficiary. Contract Owners contemplating changes to their beneficiary should contact their registered representative to determine how the changes impact the Spousal Protection benefit.
Additional purchase payments made to the contract after receiving the benefit of the Spousal Protection benefit are subject to the same CDSC provisions that were applicable prior to receiving the benefit of the Spousal Protection benefit. However, no CDSC will apply to purchase payments made prior to the death of the first spouse.
Annuity Commencement Date
The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.
Any request to change the Annuity Commencement Date must meet the following requirements:
• the request is made prior to annuitization;
• the requested date is at least one year after the date of issue;
• the requested date is not later than the Annuitant’s 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and
• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.
Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.
Annuitizing the Contract
Annuitization Date
The Annuitization Date is the date that annuity payments begin. If the Contract Owner has elected the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, an election to begin annuity payments will terminate all benefits, conditions, guarantees, and charges associated with the elected option.
In addition, any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.
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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:
• the age (or date) specified in the contract; or
• the age (or date) specified by state law, where applicable.
The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see Appendix C: Contract Types and Tax Information).
On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.
Annuitization
Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Annuitant must choose:
(1) an annuity payment option; or
(2) a fixed payment annuity.
Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.
Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization.
The Custom Choice Asset Rebalancing Service and the Static Asset Allocation Models are not available after annuitization.
Fixed Annuity Payments
Fixed annuity payments provide for level annuity payments. Premium taxes are deducted prior to determining fixed annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.
Frequency and Amount of Annuity Payments
Annuity payments are based on the annuity payment option elected.
If no purchase pyaments are received in the three years before the Annuitization Date and if the net amount to be annuitized is less than $2,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.
Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.
Annuity Payment Options
The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a fixed payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.
Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. If a Contract Owner does not submit purchase payments in excess of $1,000,000, or if Nationwide has refused to accept purchase payments in excess of $1,000,000, the references in this provision to purchase payments in excess of $1,000,000 will not apply. If the Contract Owner is permitted to submit purchase payments in excess of $1,000,000, additional restrictions apply, as follows.
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Annuity Payment Options for Contracts with Total Purchase Payments and Contract Value Annuitized Less Than or Equal to $2,000,000
If, at the Annuitization Date, the total of all purchase payments made to the contract and the Contract Value annuitized is less than or equal to $2,000,000, the annuity payment options available are:
• Single Life;
• Standard Joint and Survivor; and
• Single Life with a 10 or 20 Year Term Certain.
Each of the annuity payment options is discussed more thoroughly below.
Single Life
The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.
Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.
No withdrawals other than the scheduled annuity payments are permitted.
Standard Joint and Survivor
The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.
Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.
No withdrawals other than the scheduled annuity payments are permitted.
Single Life with a 10 or 20 Year Term Certain
The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.
If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.
No withdrawals other than the scheduled annuity payments are permitted.
Any Other Option
Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.
Annuity Payment Options for Contracts with Total Purchase Payments and/or Contract Value Annuitized Greater Than $2,000,000
If, at the Annuitization Date, the total of all purchase payments made to the contract and/or the Contract Value to be annuitized is greater than $2,000,000, Nationwide may limit the annuity payment option to the longer of:
(1) a Fixed Life Annuity with a 20 Year Term Certain; or
(2) a Fixed Life Annuity with a Term Certain to Age 95.
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Annuitization of Amounts Greater than $5,000,000
Additionally, Nationwide may limit the amount that may be annuitized on a single life to $5,000,000. If the total amount to be annuitized is greater than $5,000,000 under this contract and/or for all Nationwide issued annuity contracts with the same Annuitant, the Contract Owner must:
(1) reduce the amount to be annuitized to $5,000,000 or less by taking a partial withdrawal from the contract;
(2) reduce the amount to be annuitized to $5,000,000 or less by exchanging the portion of the Contract Value in excess of $5,000,000 to another annuity contract; or
(3) annuitize the portion of the Contract Value in excess of $5,000,000 under an annuity payment option with a term certain, if available.
Statements and Reports
Nationwide will mail Contract Owners statements and reports. Therefore, Contract Owners should promptly notify the Service Center of any address change.
These mailings will contain:
• statements showing the contract's quarterly activity;
• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (i.e., Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements; and
• semi-annual and annual reports of allocated underlying mutual funds.
Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com/login.
Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.
IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS
When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.
A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.
Legal Proceedings
Nationwide Life Insurance Company
Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, (the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial
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position. The Company maintains Professional Liability Insurance and Director and Officer Liability insurance policies that may cover losses for certain legal and regulatory proceedings. The Company will make adequate provision for any probable and reasonably estimable recoveries under such policies.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or their affiliates, the Company is cooperating with regulators.
Nationwide Investment Services Corporation
The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial position. The Company has agreements with Nationwide Life Insurance Company (NLIC) under which, NLIC pays all litigation costs on behalf of the Company. Should NLIC be unable or unwilling to pay these costs in the future, the Company would be liable for such costs.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.
Contents of Statement of Additional Information
General Information and History
Services
Purchase of Securities Being Offered
Underwriters
Advertising
Annuity Payments
Condensed Financial Information
Financial Statements
Investment Company Act of 1940 Registration File No. 811-03330
Securities Act of 1933 Registration File No. 333-235383
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Appendix A: Underlying Mutual Fund Information
This appendix contains information about the underlying mutual funds in which the Sub-Accounts invest. The underlying mutual funds in which the Sub-Accounts invest are designed primarily as investments for variable annuity contracts and variable life insurance policies issued by insurance companies. There is no guarantee that the investment objectives will be met. Refer to the prospectus for each underlying mutual fund for more detailed information.
   
Designations Key:
FF: The underlying mutual fund primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to the prospectus for this underlying mutual fund for more information.
MF: The underlying mutual fund operates as a "feeder fund", which means it invests all of its investment assets in another mutual fund, the "master fund". Investors in this underlying mutual fund will bear the fees and expenses of both this underlying mutual fund and the "master fund" in which it invests. Therefore, this may result in higher expenses than those of other underlying mutual funds that invest directly in individual securities. Refer to the prospectus for this underlying mutual fund for more information.
VOL: The underlying mutual fund uses a volatility management strategy to reduce a Contract Owner’s exposure to equity investments when equity markets are volatile which may limit investment losses in a down market. However, use of such a strategy may also limit the growth of Contract Value. For contracts with a living benefit option elected, since the benefit base of a living benefit option is not decreased as a result of negative market performance, allocation to this type of underlying mutual fund may provide little or no additional benefit. For contracts without a living benefit option elected, allocation to this type of underlying mutual fund may result in foregone investment gains that could otherwise be realized by investing in riskier underlying mutual funds.
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation.
American Funds Insurance Series® - Blue Chip Income and Growth Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: The fund’s investment objectives are to produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing.
American Funds Insurance Series® - International Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: The fund's investment objective is to provide long-term growth of capital.
American Funds Insurance Series® - New World Fund®: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: The fund’s investment objective is long-term capital appreciation.
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: The Fund seeks to maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: To maximize total return, consistent with income generation and prudent investment management.
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BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: Seeks high total investment return.
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Investment Objective: The fund seeks investment results that are greater than the total return performance of publicly traded common stocks of medium-size domestic companies in the aggregate, as represented by the Standard & Poor's MidCap 400® Index (S&P 400 Index).
Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: The Fund seeks to provide shareholders with high current income as its primary objective and, as its secondary objective, capital growth.
Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service Class
Investment Advisor: Delaware Management Company, Inc.
Investment Objective: The fund seeks capital appreciation.
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class
Investment Advisor: Eaton Vance Management
Investment Objective: The fund seeks to provide a high level of current income.
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2
Investment Advisor: FMR Co., Inc.
Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Designation: FF
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company
Investment Objective: Income and capital growth consistent with reasonable risk.
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company
Investment Objective: High total return through a combination of current income and capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company
Investment Objective: High level of current income.
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company
Investment Objective: The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index.
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks to maximize income while maintaining prospects for capital appreciation.
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Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares
Investment Advisor: Goldman Sachs Asset Management, L.P.
Investment Objective: Seeks long-term growth of capital.
Invesco Oppenheimer V.I. Global Fund: Series II
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco Oppenheimer V.I. International Growth Fund: Series II
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Capital appreciation.
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (formerly, Janus Henderson VIT Enterprise Portfolio: Service Shares)
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (formerly, Janus Henderson VIT Flexible Bond Portfolio: Service Shares)
Investment Advisor: Janus Capital Management LLC
Investment Objective: Maximum total return, consistent with preservation of capital.
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (formerly, Janus Henderson VIT Global Technology Portfolio: Service Shares)
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2
Investment Advisor: J.P. Morgan Investment Management Inc.
Investment Objective: Maximize total return by investing primarily in a diversified portfolio of intermediate and long-term debt securities.
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: Long-term capital appreciation.
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: The Fund’s investment objective is to seek a high level of income consistent with preservation of capital.
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: The Fund’s investment objective is to seek income and capital appreciation to produce a high total return.
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class
Investment Advisor: New York Life Investment Management LLC
Sub-advisor: MacKay Shields LLC
Investment Objective: The Fund seeks capital appreciation together with current income.
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
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MFS® Variable Insurance Trust - MFS Total Return Bond Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek total return with an emphasis on current income, but also considering capital appreciation.
MFS® Variable Insurance Trust - MFS Utilities Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek total return.
MFS® Variable Insurance Trust II - MFS Blended Research® Core Equity Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II
Investment Advisor: Morgan Stanley Investment Management Inc.
Sub-advisor: Morgan Stanley Investment Management Limited
Investment Objective: Both capital appreciation and current income.
Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II
Investment Advisor: Morgan Stanley Investment Management Inc.
Sub-advisor: Morgan Stanley Investment Management Company
Investment Objective: The Portfolio seeks to provide current income and capital appreciation.
Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The fund seeks to provide high total return (including income and capital gains) consistent with preservation of capital over the long term.
Designation: MF
Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The Fund seeks to provide as high a level of current income as is consistent with the preservation of capital.
Designation: MF
Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The Fund seeks to provide long-term growth of capital.
Designation: MF
Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The Fund seeks to provide growth of capital.
Designation: MF
Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II
Investment Advisor: Capital Research and Management Company, Nationwide Fund Advisors
Investment Objective: The fund seeks to achieve long-term growth of capital and income.
Designation: MF
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Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Amundi Pioneer Institutional Asset Management, Inc.
Investment Objective: The Fund seeks to provide above average total return over a market cycle of three to five years.
Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks capital growth and income through investments in equity securities, including common stocks and securities convertible into common stocks.
Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks high total investment return consistent with preservation of capital over the long term.
Designation: FF, VOL
Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: DoubleLine Capital LP
Investment Objective: The Fund seeks to maximize total return.
Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Federated Investment Management Company
Investment Objective: The Fund seeks to provide high current income.
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Allianz Global Investors U.S. LLC
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Blueprint(SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed income securities.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other Blueprint (SM) Funds.
Designation: FF
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Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Blueprint(SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed-income securities, consistent with preservation of capital.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks growth primarily and investment income secondarily consistent with the preservation of capital.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Blueprint (SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Blueprint (SM) Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The fund seeks a high level of total return consistent with a moderately conservative level of risk.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of current income consistent with preserving capital.
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks long-term total return consistent with reasonable risk.
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks primarily to provide growth of capital, and secondarily current income.
Designation: FF
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Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Lazard Asset Management LLC and Standard Life Investments (Corporate Funds) Limited
Investment Objective: The Fund seeks long-term capital growth by investing primarily in equity securities of companies located in emerging market countries.
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital.
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Federated Investment Management Company
Investment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. The Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share.
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the MSCI EAFE® Index as closely as possible before the deduction of Fund expenses.
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed-income securities.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other NVIT Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks a high level of total return through investment in both equity and fixed-income securities, consistent with preservation of capital.
Designation: FF, VOL
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Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks growth primarily and investment income secondarily consistent with the preservation of capital.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderately conservative level of risk.
Designation: FF
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The fund seeks total return.
Designation: FF
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Designation: FF
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Fund seeks a high level of total return from a diversified portfolio of equity securities.
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Fund seeks a high level of total return.
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Jacobs Levy Equity Management, Inc.
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks to provide a high total return (including income and capital gains) consistent with preservation of capital over the long term.
Designation: FF, VOL
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Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks to achieve long-term growth of capital and income.
Designation: FF, VOL
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class II (formerly, Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Mellon Investments Corporation
Investment Objective: The Fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class II (formerly, Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Mellon Investments Corporation
Investment Objective: The Fund seeks capital appreciation, and secondarily current income.
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Dimensional Fund Advisors LP and Thompson, Siegel & Walmsley LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Massachusetts Financial Services Company; Mellon Investments Corporation; and Wellington Capital Management LLP
Investment Objective: The fund seeks long-term capital growth.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: American Century Investment Management, Inc.; Thompson, Siegel & Walmsley LLC; and WEDGE Capital Management, L.L.P.
Investment Objective: The fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Invesco Advisers, Inc. and Wellington Management Company, LLP
Investment Objective: The Fund seeks capital growth.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Jacobs Levy Equity Management, Inc. and WCM Investment Management, LLC
Investment Objective: The Fund seeks capital appreciation.
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Jacobs Levy Equity Management, Inc. and Invesco Advisers, Inc.
Investment Objective: The Fund seeks long-term growth of capital.
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class II (formerly, Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class II)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Newton Investment Management Limited
Investment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the Fund's financial criteria and social policy.
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Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Nationwide Asset Management, LLC
Investment Objective: The Fund seeks to provide a high level of current income while preserving capital and minimizing fluctuations in share value.
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the Russell 2000® Index as closely as possible before the deduction of Fund expenses.
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: The Fund seeks long-term capital growth. The fund invests at least 80% of its net assets in equity securities issued by small- and medium-sized companies with market capitalization similar to those of companies included in the Russell 2500 index.
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class
Investment Advisor: PIMCO
Sub-advisor: Research Affiliates, LLC
Investment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.
Designation: FF
PIMCO Variable Insurance Trust - Commodity RealReturn® Strategy Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum real return, consistent with prudent investment management.
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The portfolio seeks maximum total return consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio's primary investment objective is to maximize current income. Long-term capital appreciation is a secondary objective.
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
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PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum current income, consistent with preservation of capital and daily liquidity.
Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks capital growth and current income.
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks long-term capital appreciation.
VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing in common stocks of gold-mining companies. The Fund may take current income into consideration when choosing investments.
VanEck VIP Trust - VanEck VIP Global Hard Assets Fund: Class S
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration.
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Appendix B: Condensed Financial Information
The following tables list the Condensed Financial Information (the Accumulation Unit value information for Accumulation Units outstanding) for contracts with no optional benefits and with the Administrative Charge waiver (the minimum Variable Account charge of 0.85%) and contracts with the most expensive combination of allowable optional benefits as of December 31, 2019 (the maximum Variable Account charge of 1.45%). The term "Period" is defined as a complete calendar year, unless otherwise noted. Those Periods with an asterisk (*) reflect Accumulation Unit information for a partial year only. To obtain a copy of the Condensed Financial Information for any other Variable Account expense tier, contact the Service Center and request a copy of the Statement of Additional Information, which is available free of charge.
The contracts were not available for sale as of December 31, 2019. Therefore, no Condensed Financial Information is available.
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Appendix C: Contract Types and Tax Information
Types of Contracts
The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.
Non-Qualified Contracts
A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, or tax sheltered annuity.
Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.
Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.
Charitable Remainder Trusts
Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:
(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:
(a) the contract value on the day before the withdrawal; and
(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).
(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.
(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust’s right to the death benefit will be void.
While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust.
Individual Retirement Annuities (IRAs)
IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:
• the contract is not transferable by the owner;
• the premiums are not fixed;
• if the contract owner is younger than age 50, the annual premium cannot exceed $6,000; if the contract owner is age 50 or older, the annual premium cannot exceed $7,000 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);
• certain minimum distribution requirements must be satisfied after the owner attains the age of 70½ prior to January 1, 2020. See Tax Changes for the change the SECURE Act made to this requirement;
• the entire interest of the owner in the contract is nonforfeitable; and
• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.
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Depending on the circumstance of the owner, all or a portion of the contributions made to the account may be deducted for federal income tax purposes.
IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).
When the owner of an IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act was enacted on December 20, 2019 and increased the age an IRA owner is required to begin certain minimum distributions from age 70½ to age 72. However, the change only applies to an IRA owner who attains age 72 on or after January 1, 2020. In addition, upon the death of the owner of an IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period. Due to recent changes in Treasury Regulations, the amount used to compute the mandatory distributions may exceed the contract value.
Failure to make the mandatory distributions can result in an additional penalty tax of 50% of the excess of the amount required to be distributed over the amount that was actually distributed.
For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract’s IRA endorsement.
As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.
One-Rollover-Per-Year Limitation
A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner’s IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over. The Internal Revenue Service ("IRS") has interpreted this one-rollover-per-year limitation as applying separately to each IRA a contract owner owns.
However, on March 20, 2014, the IRS issued Announcement 2014-15 in which it decided to follow the Tax Court’s interpretation of the one rollover per year rule in the Bobrow case. In Bobrow, the Tax Court interpreted the one-rollover-per-year limitation as applying in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one year period, an IRA rollover distribution was taken from any other IRAs owned. Also, rollovers between an individual’s Roth IRAs would prevent a separate rollover within the 1-year period between the individual’s traditional IRAs, and vice versa.
Direct transfers IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one roll over per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.
Roth IRAs
Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:
• the contract is not transferable by the owner;
• the premiums are not fixed;
• if the contract owner is younger than age 50, the annual premium cannot exceed $6,000; if the contract owner is age 50 or older, the annual premium cannot exceed $7,000 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);
• the entire interest of the owner in the contract is nonforfeitable; and
• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.
A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover, and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan after December 31, 2017 cannot be recharacterized back to an IRA.
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For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract’s IRA endorsement.
Simplified Employee Pension IRAs (SEP IRA)
A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.
An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.
A SEP IRA plan must satisfy:
• minimum participation rules;
• top-heavy contribution rules;
• nondiscriminatory allocation rules; and
• requirements regarding a written allocation formula.
In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.
When the owner of a SEP IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act enacted on December 20, 2019 increased the age an IRA owner is required to begin certain minimum distributions from age 70½ to age 72. However, the change only applies to an IRA owner who attains age 72 on or after January 1, 2020. Due to recent changes in Treasury Regulations, the amount used to compute the minimum distributions may exceed the contract value. In addition, upon the death of the owner of a SEP IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period.
Simple IRAs
A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:
• vesting requirements;
• participation requirements; and
• administrative requirements.
The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.
A Simple IRA cannot receive rollover distributions except from another Simple IRA.
When the owner of a Simple IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act enacted on December 20, 2019 increased the age an IRA owner is required to begin certain minimum distributions from age 70½ to age 72. However, the change only applies to an IRA owner who attains age 72 on or after January 1, 2020. Due to recent changes in Treasury Regulations, the amount used to compute the minimum distributions may exceed the contract value. In addition, upon the death of the owner of a Simple IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period.
Investment Only (Qualified Plans)
Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.
Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.
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Federal Tax Considerations
Federal Income Taxes
The tax consequences of purchasing a contract described in this prospectus will depend on:
• the type of contract purchased;
• the purposes for which the contract is purchased; and
• the personal circumstances of individual investors having interests in the contracts.
Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.
The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.
IRAs, SEP IRAs, and Simple IRAs
Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.
If distributions of income from an IRA are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:
• made to a beneficiary on or after the death of the owner;
• attributable to the owner becoming disabled (as defined in the Code);
• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary;
• used for qualified higher education expenses; or
• used for expenses attributable to the purchase of a home for a qualified first-time buyer.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Roth IRAs
Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is one that is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:
• it is made on or after the date on which the contract owner attains age 59½;
• it is made to a beneficiary (or the contract owner’s estate) on or after the death of the contract owner;
• it is attributable to the contract owner’s disability; or
• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.
The five-year rule is satisfied if a five tax-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.
A qualified distribution is not included in gross income for federal income tax purposes.
A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner’s gross income as ordinary income in the year that it is distributed to the contract owner.
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Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.
If non-qualified distributions of income from a Roth IRA are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. The penalty tax can be avoided if the distribution is:
• made to a beneficiary on or after the death of the owner;
• attributable to the owner becoming disabled (as defined in the Code);
• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary;
• for qualified higher education expenses; or
• used for expenses attributable to the purchase of a home for a qualified first-time buyer.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Non-Qualified Contracts - Natural Persons as Contract Owners
Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.
Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.
With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner’s investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.
Commencing after December 31, 2010, the Code provides that if only a portion of a non-qualified annuity contract is annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons, then the portion of the contract that has been annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity contract (rather than requiring the entire contract to be annuitized at once) and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.
In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.
A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.
The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:
• the result of a contract owner’s death;
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• the result of a contract owner’s disability (as defined in the Code);
• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner; or
• is allocable to an investment in the contract before August 14, 1982.
If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’s gross estate for tax purposes.
Non-Qualified Contracts - Non-Natural Persons as Contract Owners
The previous discussion related to the taxation of non-qualified contracts owned by individuals. Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.
Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.
The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would cause the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.
The non-natural persons rules also do not apply to contracts that are:
• acquired by the estate of a decedent by reason of the death of the decedent;
• issued in connection with certain qualified retirement plans and individual retirement plans;
• purchased by an employer upon the termination of certain qualified retirement plans; or
• immediate annuities within the meaning of Section 72(u) of the Code.
If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant’s gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.
Exchanges
As a general rule, federal income tax law treats exchanges of property in the same manner as a sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract, provided that the obligee (the person to whom the annuity obligation is owed) is the same for both contracts. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.
Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal
In June 2011, the Internal Revenue Service issued Rev. Proc. 2011-38, which addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract. Rev. Proc. 2011-38 modified and superseded prior guidance that was contained in Rev. Proc. 2008-24. A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles to determine the substance of those payments. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Rev. Proc. 2011-38 also removed numerous exceptions to the 180-day waiting period that Rev. Proc. 2008-24 provided for in its 12-month waiting period. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.
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Taxation of Lifetime Withdrawals Under the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max
While the tax treatment for withdrawals for benefits such as Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max is not clear under federal tax law, Nationwide intends to treat withdrawals under these options as taxable to the extent that the cash value of the contract exceeds the contract owner's investment in the contract at the time of the withdrawal. Specifically, Nationwide intends to treat the following amount of each withdrawal as a taxable distribution:
The greater of:
(1) A–C; or
(2) B–C,
Where:
A = the contract value immediately before the withdrawal;
B = the guaranteed annual benefit amount immediately before the withdrawal; and
C = the remaining investment in the contract.
In certain circumstances, this treatment could result in the contract value being less than the investment in the contract after such a withdrawal. If the Contract Owner subsequently takes withdrawals from the contract under such circumstances, the Contract Owner would have a loss that may be deductible. If the Contract Owner purchases one of these options in an IRA, withdrawals in excess of the annual benefit amount may be required to satisfy the minimum distribution requirements under the Code. Consult a qualified tax adviser.
Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships
The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulations definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.
The final regulations define the terms "spouse", "husband", "wife", and "husband and wife" to be gender neutral so that such terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. A marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couples place of domicile. Also a marriage entered into in a foreign jurisdiction will be recognized for federal tax purposes if that marriage would be recognized in at least one state, possession, or territory of the US.
Finally, the regulations adopt the holding of Rev. Proc. 2013-17 that relationships entered into as civil unions, or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.
Withholding
Pre-death distributions from the contracts are subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:
• if the payee does not provide Nationwide with a taxpayer identification number; or
• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.
If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.
If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:
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• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or
• the distribution satisfies the minimum distribution requirements imposed by the Code.
Non-Resident Aliens
Generally, a pre-death distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.
Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:
(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and
(2) provide Nationwide with an individual taxpayer identification number.
If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.
Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:
(1) the distribution is connected to the non-resident alien’s conduct of business in the United States;
(2) the distribution is includable in the non-resident alien’s gross income for United States federal income tax purposes; and
(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.
Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.
This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien’s country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.
FATCA
Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.
Federal Estate, Gift and Generation Skipping Transfer Taxes
The following transfers may be considered a gift for federal gift tax purposes:
• a transfer of the contract from one contract owner to another; or
• a distribution to someone other than a contract owner.
Upon the contract owner’s death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.
Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:
(a) an individual who is two or more generations younger than the contract owner; or
(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).
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If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:
• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or
• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.
If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.
Charge for Tax
Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.
Diversification
Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:
• the failure to diversify was inadvertent;
• the failure is corrected; and
• a fine is paid to the Internal Revenue Service.
The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.
If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.
Representatives of the Internal Revenue Service have informally suggested, from time to time, that the number of underlying mutual funds available or the number of transfer opportunities available under a variable product may be relevant in determining whether the product qualifies for the desired tax treatment. In 2003, the Internal Revenue Service issued formal guidance, in Revenue Ruling 2003-91, indicating that if the number of underlying mutual funds available in a variable insurance product does not exceed 20, the number of underlying mutual funds alone would not cause the contract to fail to qualify for the desired tax treatment. The Internal Revenue Service has also indicated that exceeding 20 investment options may be considered a factor, along with other factors including the number of transfer opportunities available under the contract, when determining whether the contract qualifies for the desired tax treatment. The revenue ruling did not indicate the actual number of underlying mutual funds that would cause the contract to not provide the desired tax treatment. Should the U.S. Secretary of the Treasury issue additional rules or regulations limiting the number of underlying mutual funds, transfers between underlying mutual funds, exchanges of underlying mutual funds or changes in investment objectives of underlying mutual funds such that the contract would no longer qualify for tax deferred treatment under Section 72 of the Code, Nationwide will take whatever steps are available to remain in compliance.
Based on the above, the contract should be treated as an annuity contract for federal income tax purposes.
Required Distributions
The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.
If the Contract Owner purchases the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, or Nationwide Lifetime Income Rider Plus Max, withdrawals in excess of the annual benefit amount may be required to satisfy the minimum distribution requirements under the Code. Consult a qualified tax adviser.
Required Distributions – General Information
In general, a beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner’s death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made from IRAs, SEP IRAs,
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Simple IRAs, Roth IRAs and Tax Sheltered Annuities after the death of the contract owner, or that are made from non-qualified contracts after the death of the contract owner. A designated beneficiary is a natural person who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.
Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.
Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner’s death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner’s death. If there is more than one beneficiary, the life expectancy of the beneficiary with the shortest life expectancy is used to determine the distribution period. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.
For IRAs, SEP IRAs, Simple IRAs, Roth IRAs and Tax-Sheltered Annuities, the SECURE Act that was enacted on December 20, 2019 generally eliminated the option to take required minimum distributions over a designated beneficiary’s life expectancy. In the case of a contract owner who dies on or after January 1, 2020, an individual beneficiary under a qualified contract must withdraw the entire balance of the contract by December 31 of the tenth year following the contract owner’s death. There are limited exceptions to this rule and a prospective purchaser contemplating the purchase of the contract should consult a qualified tax advisor.
Required Distributions for Non-Qualified Contracts
Code Section 72(s) requires Nationwide to make certain distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:
(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.
(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner’s death, provided however:
(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and
(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse’s death.
In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:
(a) the death of the annuitant will be treated as the death of a contract owner;
(b) any change of annuitant will be treated as the death of a contract owner; and
(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.
These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.
Required Distributions for IRAs, SEP IRAs, Simple IRAs, and Roth IRAs
Required Distributions During the Life of the Contract Owner
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For those contract owners who attained the age of 70½ prior to January 1, 2020, distributions from IRA, SEP IRA, or Simple IRA must begin no later than April 1 of the calendar year following the calendar year in which the contract owner reaches age 70½. The SECURE Act raised the age that distributions from IRA, SEP IRA, or Simple IRA must begin. For contract owners who attain age 72 on or after January 1, 2020, distributions must begin no later than April 1 of the calendar year in which the contract owner turns age 72. Distributions may be paid in a lump sum or in substantially equal payments over:
Distributions from IRA, SEP IRA, or Simple IRA must begin no later than April 1 of the calendar year following the calendar year in which the contract owner reaches age 70½. Distributions may be paid in a lump sum or in substantially equal payments over:
(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or
(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.72-9, or such additional guidance as may be provided pursuant to Treasury Regulation 1.401(a)(9)-9.
For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.
If the contract owner's entire interest in IRA, SEP IRA, or Simple IRA will be distributed in equal or substantially equal payments over a period described in (a) or (b) above, the payments must begin on or before the required beginning date. The required beginning date is April 1 of the calendar year following the calendar year in which the contract owner reaches age 70½ (age 72 for those contract owners who turn age 72 on or after January 1, 2020). The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.
Due to recent changes in Treasury Regulations, the amount used to compute the minimum distribution requirement may exceed the contract value.
Required Distributions Upon Death of a Contract Owner Before January 1, 2020
If the contract owner dies before January 1, 2020 and before the required beginning date (in the case of IRA, SEP IRA, or Simple IRA) or before the entire contract value is distributed (in the case of a Roth IRA), any remaining interest in the contract must be distributed over a period not exceeding the applicable distribution period, which is determined as follows:
(a) if the designated beneficiary is the contract owner's spouse, the applicable distribution period is the surviving spouse's remaining life expectancy using the surviving spouse's birthday for each distribution calendar year after the calendar year of the contract owner's death. For calendar years after the death of the contract owner's surviving spouse before January 1, 2020, the applicable distribution period is the spouse’s remaining life expectancy using the spouse’s age in the calendar year of the spouse’s death, reduced by one for each calendar year that elapsed since the calendar year immediately following the calendar year of the spouse’s death. For death of the contract owner’s spouse on or after January 1, 2020 the entire balance must be withdrawn by December 31 of the tenth year following the death of the contract owner’s spouse;
(b) if the designated beneficiary is not the contract owner's surviving spouse, the applicable distribution period is the designated beneficiary's remaining life expectancy using the designated beneficiary's birthday in the calendar year immediately following the calendar year of the contract owner's death, reduced by one for each calendar year that elapsed thereafter. If the designated beneficiary dies on or after January 1, 2020, the entire value of the contract must be withdrawn by December 31 of the tenth year following the death of the designated beneficiary; and
(c) if there is no designated beneficiary, the entire balance of the contract must be distributed by December 31 of the fifth year following the contract owner's death.
If the contract owner dies before January 1, 2020 and on or after the required beginning date, the interest in the IRA, SEP IRA, or Simple IRA must be distributed over a period not exceeding the applicable distribution period, which is determined as follows:
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(a) if the designated beneficiary is the contract owner's spouse, the applicable distribution period is the surviving spouse's remaining life expectancy using the surviving spouse's birthday for each distribution calendar year after the calendar year of the contract owner's death. For calendar years after the death of the contract owner's surviving spouse before January 1, 2020, the applicable distribution period is the greater of (a) the contract owner's remaining life expectancy using the contract owner's birthday in the calendar year of the contract owner's death, reduced by one for each year thereafter; or (b) the spouse's remaining life expectancy using the spouse's age in the calendar year of the spouse's death, reduced by one for each calendar year that elapsed since the calendar year immediately following the calendar year of the spouse's death. For death of the contract owner’s spouse on or after January 1, 2020 the entire balance must be withdrawn by December 31 of the tenth year following the death of the contract owner’s spouse;
(b) if the designated beneficiary is not the contract owner's surviving spouse, the applicable distribution period is the greater of (a) the contract owner's remaining life expectancy using the contract owner's birthday in the calendar year of the contract owner's death, reduced by one for each year thereafter; or (b) the designated beneficiary's remaining life expectancy using the designated beneficiary's birthday in the calendar year immediately following the calendar year of the contract owner's death, reduced by one for each calendar year that elapsed thereafter. If the designated beneficiary dies on or after January 1, 2020, the entire value of the contract must be withdrawn by December 31 of the tenth year following the death of the designated beneficiary; and
(c) if there is no designated beneficiary, the applicable distribution period is the contract owner's remaining life expectancy using the contract owner's birthday in the calendar year of the contract owner's death, reduced by one for each year thereafter.
Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.
Required Distributions Upon Death of a Contract Owner On or After January 1, 2020
If the contract owner dies on or after January 1, 2020 and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9)( E)(ii), then the entire balance of the contract must be distributed by December 31 of the tenth year following the contract owner’s death. In the case of an eligible designated beneficiary as defined under Code Section 401(a)(9)( E)(ii), the entire balance of the contract will be distributed by December 31 of the tenth year following the contract owner’s death unless otherwise permitted by law and approved by Nationwide. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.
If distribution requirements are not met, a penalty tax of 50% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year.
For IRAs, SEP IRAs, and Simple IRAs, all or a portion of each distribution will be included in the recipient's gross income and taxed at ordinary income tax rates. The portion of a distribution that is taxable is based on the ratio between the amount by which non-deductible purchase payments exceed prior non-taxable distributions and total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed non taxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs.
Distributions from Roth IRAs may be either taxable or nontaxable, depending upon whether they are "qualified distributions" or "non-qualified distributions."
Additional Medicare Tax
Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for an estate or trust for 2020 is $7,500.
Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.
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Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.
Tax Changes
The SECURE Act was enacted on December 20, 2019. The SECURE Act made numerous changes to the Code effective January 1, 2020, including the following:
• Increasing the age a contract owner must begin RMDs under IRAs and certain qualified plans from age 70½ to age 72.
• Requiring an individual beneficiary of an inherited IRA and certain qualified plans to withdraw their entire inherited interest within 10 years of the original contract owner’s death.
• Repealing the 70½ age limitation that prohibited an individual from making an IRA contribution.
The Tax Cuts and Jobs Act (the "Act") was enacted on December 22, 2017. The Act made numerous changes to the Code effective January 1, 2018, including the following:
• Lowered the federal individual and corporate income tax rates;
• Doubled the federal estate and gift tax exclusion amount to $10 million;
• Eliminated the ability to recharacterize the rollover or conversion of amounts from IRAs or eligible retirement plans to a Roth IRA.
State Taxation
The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.
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Appendix D: Historical Rates and Percentages
This Appendix provides historical information related to the:
• Roll-up Interest Rate for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max;
• Roll-up Crediting Period for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max; and
• Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Rider Plus Core and Joint Option for the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated and Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max and Joint Option for the Nationwide Lifetime Income Rider Plus Max.
For contracts with applications signed on or after the date of this prospectus, rates and percentages are disclosed in the Rate Sheet Supplement that is attached to the front of this prospectus delivered to you.
The contracts were not available for sale prior to the date of the prospectus. Therefore, no historical information is available.
86
STATEMENT OF ADDITIONAL INFORMATION
May 15, 2020
Individual Flexible Premium Deferred Variable Annuity Contracts
Issued by Nationwide Life Insurance Company
through its Nationwide Variable Account-II
This Statement of Additional Information is not a prospectus. It contains information in addition to and more detailed than set forth in the prospectus and should be read in conjunction with the prospectus dated May 15, 2020. The prospectus may be obtained from Nationwide Life Insurance Company by writing P.O. Box 182021, Columbus, Ohio 43218-2021 or calling 1-800-848-6331, TDD 1-800-238-3035. Capitalized terms in this Statement of Additional Information correspond to terms defined in the prospectus.
TABLE OF CONTENTS

 

General Information and History
Nationwide Variable Account-II (the "Variable Account") is a separate investment account of Nationwide Life Insurance Company ("Nationwide"). Nationwide is a stock life insurance company organized under the laws of the State of Ohio in March of 1929 with its Home Office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide provides life insurance, annuities and retirement products. Nationwide is admitted to do business in all states, the District of Columbia, Guam, the U.S. Virgin Islands, and Puerto Rico. Nationwide is a member of the Nationwide group of companies and all of its common stock is owned by Nationwide Financial Services, Inc. ("NFS"), a holding company. Nationwide Corporation owns all of NFS's common stock and is a holding company, as well. All of Nationwide Corporation's common stock is held by Nationwide Mutual Insurance Company (95.2%) and Nationwide Mutual Fire Insurance Company (4.8%), the ultimate controlling persons of the Nationwide group of companies. The Nationwide group of companies is one of America's largest insurance and financial services family of companies, with combined assets of over $253 billion as of December 31, 2019.
Services
Nationwide, which has responsibility for administration of the contracts and the Variable Account, maintains records of the name, address, taxpayer identification number, and other pertinent information for each Contract Owner, the number and type of contract issued to each Contract Owner, and records with respect to the Contract Value.
The custodian of the assets of the Variable Account is Nationwide. Nationwide will maintain a record of all purchases and redemptions of shares of the underlying mutual funds. Nationwide or its affiliates may have entered into agreements with the underlying mutual funds and/or their affiliates. The agreements relate to services furnished by Nationwide or an affiliate of Nationwide. Some of the services provided include distribution of underlying fund prospectuses, semi-annual and annual fund reports, proxy materials, and fund communications, as well as maintaining the websites and voice response systems necessary for Contract Owners to execute trades in the funds. Nationwide also acts as a limited agent for each underlying mutual fund for purposes of accepting the trades. See Underlying Mutual Fund Service Fee Payments located in the prospectus.
Distribution, Promotional, and Sales Expenses
For the contracts described in the prospectus, Nationwide does not pay the selling firms a marketing allowance in addition to or partially in lieu of commission.
When Nationwide is made aware that a Qualified Plan has been orphaned, commission payments payable with respect to that Qualified Plan will cease and commission payments that would have been due will not be sent to the Qualified Plan. An orphaned Qualified Plan is a plan without an agent or firm of record.
Independent Registered Public Accounting Firm
The financial statements of Nationwide Variable Account-II and the statutory financial statements and schedules of Nationwide Life Insurance Company for the periods indicated have been included herein in reliance upon the reports of KPMG LLP, independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing. KPMG LLP is located at 191 West Nationwide Blvd., Suite 500, Columbus, Ohio 43215.
The KPMG LLP report dated March 20, 2020 of Nationwide Life Insurance Company includes explanatory language that states that the financial statements are prepared by Nationwide Life Insurance Company using statutory accounting practices prescribed or permitted by the Ohio Department of Insurance, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the KPMG LLP audit report states that the financial statements are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those statements are presented fairly, in all material respects, in accordance with statutory accounting practices prescribed or permitted by the Ohio Department of Insurance.
Purchase of Securities Being Offered
The contracts will be sold by licensed insurance agents in the states where the contracts may be lawfully sold. Such agents will be registered representatives of broker-dealers registered under the Securities Exchange Act of 1934 who are members of the Financial Industry Regulatory Authority (FINRA).
2

 

Underwriters
The contracts, which are offered continuously, are distributed by Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215, a wholly owned subsidiary of Nationwide. For contracts issued in Michigan, all references to NISC will mean Nationwide Investment Svcs. Corporation. No underwriting commissions have been paid by Nationwide to NISC for each of this Variable Account's last three fiscal years.
Advertising
Money Market Yields
Nationwide may advertise the "yield" and "effective yield" for the money market Sub-Account. Yield and effective yield are annualized, which means that it is assumed that the underlying mutual fund generates the same level of net income throughout a year.
Yield is a measure of the net dividend and interest income earned over a specific seven-day period (which period will be stated in the advertisement) expressed as a percentage of the offering price of the underlying mutual fund's units. The effective yield is calculated similarly, but reflects assumed compounding, calculated under rules prescribed by the SEC. Thus, effective yield will be slightly higher than yield, due to the compounding.
Historical Performance of the Sub-Accounts
Nationwide will advertise historical performance of the Sub-Accounts in accordance with SEC prescribed calculations. Performance information is annualized. However, if a Sub-Account has been available in the Variable Account for less than one year, the performance information for that Sub-Account is not annualized.
Performance information is based on historical earnings and is not intended to predict or project future results.
Standardized performance will reflect the maximum Variable Account charges possible under the contract. Non-standardized performance, which will be accompanied by standardized performance, will reflect other expense structures contemplated under the contract. The expense assumptions will be stated in the advertisement.
Additional Materials
Nationwide may provide information on various topics to owners and prospective purchasers in advertising, sales literature, or other materials.
Performance Comparisons
Each Sub-Account may, from time to time, include in advertisements the ranking of its performance figures compared with performance figures of other annuity contracts' Sub-Accounts with the same investment objectives which are created by Lipper Analytical Services, Morningstar, Inc. or other recognized ranking services.
Annuity Payments
See Annuitizing the Contract located in the prospectus.
3

 

Condensed Financial Information
The contracts were not available for sale as of December 31, 2019. Therefore, no Condensed Financial Information is available.
4

 

NATIONWIDE
VARIABLE

ACCOUNT-II

 

Annual Report

to

Contract Owners

December 31, 2019

 

 

 

NATIONWIDE LIFE INSURANCE COMPANY
HOME OFFICE: COLUMBUS, OHIO

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

The Board of Directors of Nationwide Life Insurance Company and
Contract Owners of Nationwide Variable Account-II:

 

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 Variable Account-II (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 6 (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 6, 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, 2019, 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
March 27, 2020

 

     
 

Appendix

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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 Balanced Wealth Strategy Portfolio: Class B (ALVBWB)
        AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)
        AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)
        AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)
        AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
        AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)
ALGER AMERICAN FUNDS
        Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)
ALPS FUNDS
        ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)
AMERICAN CENTURY INVESTORS, INC.
        American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)
        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 Income & Growth Fund: Class I (ACVIG)
        American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class II (ACVIG2)
        American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)
        American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)
        American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)
        American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)
AMERICAN FUNDS GROUP (THE)
        American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)
        American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)
        American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)
        American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)
BLACKROCK FUNDS
        BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)
        BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)(1)
        BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)(1)
        BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)
BNY MELLON INVESTMENT MANAGEMENT
        BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)(1)
        BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio (DVSCS)(1)
        BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)(1)
        BNY Mellon Stock Index Fund, Inc.: Service Shares (DSIFS)(1)
        BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)(1)
        BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)(1)
        BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)(1)
        BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)(1)
        BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)(1)
CHARLES SCHWAB FUNDS
        Schwab Government Money Market Portfolio(TM) (CHSMM)
COLUMBIA FUNDS MANAGEMENT COMPANY
        Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)
DELAWARE FUNDS BY MACQUARIE
        Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)
        Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

 

  2  
 

 

EATON VANCE FUNDS
        Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)
FEDERATED INVESTORS
        Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares (FQB)
        Federated Insurance Series - Federated Quality Bond Fund II: Service Shares (FQBS)
FIDELITY INVESTMENTS
        Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)
        Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)
        Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)
        Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)
        Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)
        Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)
        Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)
        Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)
        Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)
        Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)
        Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)
        Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)
        Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)
        Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)
        Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)
        Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)
        Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)
        Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)
        Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)
        Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)
        Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)
        Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)
        Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)
        Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)
        Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)
FRANKLIN TEMPLETON DISTRIBUTORS, INC.
        Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)
        Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)
        Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)
        Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)
        Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)
        Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)
        Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)
        Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)(1)
        Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)
GOLDMAN SACHS ASSET MANAGEMENT GROUP
        Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares (GVSSCS)
        Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)
GUGGENHEIM INVESTMENTS
        Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)
INVESCO INVESTMENTS
        Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)
        Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)
        Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares (IVKMG2)
        Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
        Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)(1)
        Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)(1)
        Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)(1)
        Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)(1)

 

  3  
 

 

        Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)(1)
        Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)(1)
        Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)(1)
        Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)(1)
        Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)(1)
        Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)(1)
        Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)(1)
        Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)(1)
        Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)(1)
IVY INVESTMENTS
        Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)
        Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)
        Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)
        Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)
        Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)
        Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)
        Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)
        Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)
        Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)
        Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)
        Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)
J.P. MORGAN INVESTMENT MANAGEMENT INC.
        JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)
JANUS HENDERSON INVESTORS
        Janus Henderson VIT Balanced Portfolio: Service Shares (JABS)
        Janus Henderson VIT Enterprise Portfolio: Service Shares (JAMGS)
        Janus Henderson VIT Flexible Bond Portfolio: Service Shares (JAFBS)
        Janus Henderson VIT Forty Portfolio: Service Shares (JACAS)
        Janus Henderson VIT Global Technology Portfolio: Service Shares (JAGTS)
        Janus Henderson VIT Overseas Portfolio: Service Shares (JAIGS)
LAZARD FUNDS
        Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)
LORD ABBETT FUNDS
        Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)
MASSACHUSETTS FINANCIAL SERVICES CO.
        MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)
        MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)
        MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)
        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)
MERGER FUNDS
        The Merger Fund VL - The Merger Fund VL (MGRFV)
MORGAN STANLEY
        Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)
        Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)
        Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)
        Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)
        Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)
        Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)
        Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)
        Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class II (MSVREB)
NATIONWIDE FUNDS GROUP
        Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)
        Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)
        Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)

 

  4  
 

 

        Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)
        Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)
        Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)
        Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)
        Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)
        Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)
        Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)
        Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I (NVMLG1)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class II (NVMLG2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II (NVMLV2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I (NVMMG1)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class II (NVMMG2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I (NVMIG1)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class II (NVMIG6)
        Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)
        Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)
        Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)
        Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)
        Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I (NVNSR1)
        Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class II (NVNSR2)
        Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I (NVAMV1)
        Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class II (NVAMV2)
        Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class I (NVOLG1)
        Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class II (NVOLG2)
        Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I (NVTIV3)
        Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I (TRF)
        Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class II (TRF2)
        Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)
        Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)
        Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)
        Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)
        Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)
        Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)
        Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)
        Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)
        Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)
        Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II (GVDIV2)
        Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)
        Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)
        Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)
        Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)
        Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)
        Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)

 

  5  
 

        Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)
        Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II (NVCRA2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II (NVCMA2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II (NVCCA2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II (NVCMD2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II (NVCRB2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II (NVCMC2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II (NVCCN2)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)
        Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II (NVLM2)
        Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II (NCPG2)
        Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II (NCPGI2)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)
        Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)
NEUBERGER & BERMAN MANAGEMENT, INC.
        Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)
        Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)
        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 - Sustainable Equity Portfolio: Class I Shares (AMSRS)
NORTHERN LIGHTS
        Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)
        Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)
        Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)
PIMCO FUNDS
        PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)
        PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)
        PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)
        PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)
        PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)
        PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)
        PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)
        PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)
        PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)
        PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)
PUTNAM INVESTMENTS
        Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)
        Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)
        Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)
RATIONAL FUNDS
        Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)(1)
ROYCE CAPITAL FUNDS
        Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)
T. ROWE PRICE
        T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)
VAN ECK ASSOCIATES CORPORATION
        VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)
        VanEck VIP Trust - Unconstrained Emerging Markets Bond Fund: Initial Class (VWBF)
        VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)

 

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        VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)
VICTORY FUNDS
        Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)
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)
        Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from May 18, 2018 (inception) to December 31, 2018.

 

AB FUNDS
        AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from December 31, 2018 (inception) to December 31, 2018.

 

ALPS FUNDS
        ALPS Variable Investment Trust - ALPS/Red Rocks Listed Private Equity Portfolio: Class III (ARLPE3)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from August 31, 2018 (inception) to December 31, 2018.

 

AMERICAN FUNDS GROUP (THE)
        American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from June 21, 2018 (inception) to December 31, 2018.

 

AMERICAN FUNDS GROUP (THE)
        American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4)
        American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from December 19, 2018 (inception) to December 31, 2018.

 

AMERICAN FUNDS GROUP (THE)
        American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

 

  7  
 

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from August 17, 2018 (inception) to December 31, 2018.

 

FEDERATED INVESTORS
        Federated Insurance Series - Federated Managed Volatility Fund II: Service Shares (FVU2S)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from May 11, 2018 (inception) to December 31, 2018.

 

FIDELITY INVESTMENTS
        Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from June 25, 2018 (inception) to December 31, 2018.

 

GOLDMAN SACHS ASSET MANAGEMENT GROUP
        Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from June 1, 2018 (inception) to December 31, 2018.

 

GUGGENHEIM INVESTMENTS
        Guggenheim Variable Fund - Long Short Equity Fund (RSRF)
MAINSTAY FUNDS
        MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)
PIMCO FUNDS
        PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from September 14, 2018 (inception) to December 31, 2018.

 

IVY INVESTMENTS
        Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)
LORD ABBETT FUNDS
        Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and the related statements of operations and changes in contract owners’ equity for the period from October 15, 2019 (inception) to December 31, 2019.

 

J.P. MORGAN INVESTMENT MANAGEMENT INC.
        JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)

 

  8  
 

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and the related statements of operations and changes in contract owners’ equity for the period from May 20, 2019 (inception) to December 31, 2019.

 

MASSACHUSETTS FINANCIAL SERVICES CO.
        MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)
NATIONWIDE FUNDS GROUP
        Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and the related statements of operations and changes in contract owners’ equity for the period from May 13, 2019 (inception) to December 31, 2019.

 

NATIONWIDE FUNDS GROUP
        Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from June 22, 2018 (inception) to December 31, 2018.

 

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

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and the related statements of operations and changes in contract owners’ equity for the period from October 22, 2019 (inception) to December 31, 2019.

 

NATIONWIDE FUNDS GROUP
        Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)
        Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and 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, 2019 and for the period from May 8, 2018 (inception) to December 31, 2018.

 

NATIONWIDE FUNDS GROUP
        Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, 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, 2019 and for the period from November 16, 2018 (inception) to December 31, 2018.

 

PIMCO FUNDS
        PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)

 

  9  
 

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and the related statements of operations and changes in contract owners’ equity for the period from February 1, 2019 (inception) to December 31, 2019.

 

VAN ECK ASSOCIATES CORPORATION
        VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

 

Statement of assets, liabilities and contract owners’ equity as of December 31, 2019, and the related statements of operations and changes in contract owners’ equity for the period from May 16, 2019 (inception) to December 31, 2019.

 

VIRTUS MUTUAL FUNDS
        Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)

 

Statement of operations for the period from January 1, 2019 to April 30, 2019 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2019 to April 30, 2019 (liquidation) and the year ended December 31, 2018.

 

NEUBERGER & BERMAN MANAGEMENT, INC.
Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)

 

Statement of changes in contract owners’ equity for the period from January 1, 2018 to August 17, 2018 (liquidation).

 

FEDERATED INVESTORS
Federated Insurance Series - Federated Managed Tail Risk Fund II: Service Shares (FCA2S)

 

Statement of changes in contract owners’ equity for the period from January 1, 2018 to April 27, 2018 (liquidation).

 

GOLDMAN SACHS ASSET MANAGEMENT GROUP
Goldman Sachs Variable Insurance Trust - Goldman Sachs Strategic Income Fund: Advisor Shares (GVSIA)

 

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

 

  10  
 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
ALVBWB 31,995 $ 351,723 $ 323,147 $ - $ 323,147 $ 18 $ 323,129 $ 323,129 $ - $ 323,129
ALVGIB 148,454   4,099,649   4,417,982   -   4,417,982   98   4,417,884   4,417,884   -   4,417,884
ALVIVB 85,598   1,186,548   1,218,915   -   1,218,915   43   1,218,872   1,218,872   -   1,218,872
ALVDAA 4,012   47,713   54,002   -   54,002   7   53,995   53,995   -   53,995
ALVDAB 1,074,177   12,825,375   14,351,010   -   14,351,010   184   14,350,826   14,350,826   -   14,350,826
ALVSVA 33,225   647,982   595,055   -   595,055   14   595,041   595,041   -   595,041
ALVSVB 5,567,570   104,349,800   98,657,342   -   98,657,342   110   98,657,232   98,654,265   2,967   98,657,232
ALMCS 15,056   292,652   313,616   20   313,636   -   313,636   313,636   -   313,636
ARLPE3 4,540   50,434   69,501   3   69,504   -   69,504   69,504   -   69,504
AAEIP3 2,564   23,896   22,973   -   22,973   3   22,970   22,970   -   22,970
ACVIP1 183,082   1,850,861   1,882,086   -   1,882,086   16   1,882,070   1,882,070   -   1,882,070
ACVB 3,249,785   23,639,953   26,583,244   200   26,583,444   -   26,583,444   26,517,118   66,326   26,583,444
ACVCA 2,066   29,991   32,969   95   33,064   -   33,064   -   33,064   33,064
ACVIG 1,348,877   12,600,572   13,515,748   -   13,515,748   53   13,515,695   13,515,695   -   13,515,695
ACVIG2 356,258   3,292,084   3,573,270   -   3,573,270   55   3,573,215   3,573,215   -   3,573,215
ACVIP2 19,226,780   197,276,023   197,266,759   -   197,266,759   117   197,266,642   197,180,047   86,595   197,266,642
ACVI 616   6,653   7,081   68   7,149   -   7,149   -   7,149   7,149
ACVMV1 523,711   10,457,547   10,830,342   -   10,830,342   29   10,830,313   10,809,320   20,993   10,830,313
ACVMV2 7,775,789   150,177,120   160,958,842   -   160,958,842   23   160,958,819   160,894,132   64,687   160,958,819
AMVCB4 13,862   139,187   148,457   -   148,457   8   148,449   148,449   -   148,449
AMVBC4 41,303   525,192   549,745   -   549,745   8   549,737   549,737   -   549,737
AMVI4 25,591   465,565   525,630   -   525,630   8   525,622   525,622   -   525,622
AMVGS4 20,607   475,332   539,082   -   539,082   9   539,073   539,073   -   539,073
AFGF 133,801   9,092,987   10,867,279   -   10,867,279   134   10,867,145   10,864,364   2,781   10,867,145
AFHY 51,005   514,049   503,417   112   503,529   -   503,529   498,748   4,781   503,529
AVPAP2 55,856,226   673,163,623   751,824,804   -   751,824,804   262   751,824,542   751,824,542   -   751,824,542
AFGC 48,915   604,946   603,610   134   603,744   -   603,744   603,338   406   603,744
BRVED3 20,407,027   222,324,818   242,435,483   -   242,435,483   432   242,435,051   242,401,136   33,915   242,435,051
BRVHY3 6,707,697   48,343,596   49,771,112   195,396   49,966,508   -   49,966,508   49,951,526   14,982   49,966,508
BRVTR3 29,488,000   346,151,044   355,920,166   679,196   356,599,362   -   356,599,362   356,599,362   -   356,599,362
MLVGA3 22,813,495   334,309,366   330,339,406   104   330,339,510   -   330,339,510   330,200,800   138,710   330,339,510
DVMCSS 1,788,868   34,180,896   33,147,726   -   33,147,726   56   33,147,670   33,137,075   10,595   33,147,670
DVSCS 3,606,943   62,480,425   68,748,341   -   68,748,341   500   68,747,841   68,693,857   53,984   68,747,841
DSIF 3,734,387   126,188,751   223,876,481   -   223,876,481   1,368   223,875,113   223,546,554   328,559   223,875,113
DSIFS 2,233,860   95,758,539   134,098,604   241   134,098,845   -   134,098,845   134,065,977   32,868   134,098,845
DSRG 987,077   34,051,553   38,792,127   246   38,792,373   -   38,792,373   38,768,298   24,075   38,792,373
DCAP 641,062   25,938,362   27,411,807   -   27,411,807   381   27,411,426   27,383,863   27,563   27,411,426
DCAPS 2,179,602   86,789,676   92,175,352   -   92,175,352   24   92,175,328   92,162,383   12,945   92,175,328
DVDLS 21,194   965,944   840,345   -   840,345   72   840,273   839,641   632   840,273
DGI 425,937   10,990,236   13,553,316   -   13,553,316   42   13,553,274   13,545,644   7,630   13,553,274

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
CHSMM 5,398,009   5,398,009   5,398,009   -   5,398,009   197   5,397,812   5,397,812   -   5,397,812
CLVHY2 1,665,088   11,043,423   11,255,993   -   11,255,993   106   11,255,887   11,255,887   -   11,255,887
DWVVLS 86,565   2,547,887   2,679,190   9   2,679,199   -   2,679,199   2,679,199   -   2,679,199
DWVSVS 1,577,478   59,932,997   60,038,830   -   60,038,830   512   60,038,318   60,032,877   5,441   60,038,318
ETVFR 7,530,054   69,704,820   68,899,993   -   68,899,993   1,398   68,898,595   68,892,705   5,890   68,898,595
FVU2S 51,555   540,500   581,023   -   581,023   41   580,982   580,982   -   580,982
FQB 422,264   4,721,419   4,775,801   -   4,775,801   49   4,775,752   4,775,752   -   4,775,752
FQBS 1,397,581   15,499,548   15,764,719   -   15,764,719   174   15,764,545   15,764,545   -   15,764,545
FEMS2 627,099   7,470,440   7,957,887   -   7,957,887   137   7,957,750   7,957,750   -   7,957,750
FC2 307,021   10,370,621   11,083,472   -   11,083,472   50   11,083,422   11,083,422   -   11,083,422
FEIP 11,577,155   233,576,566   275,188,964   1,153   275,190,117   -   275,190,117   274,799,594   390,523   275,190,117
FVSS2 388,181   4,881,080   5,213,275   111   5,213,386   -   5,213,386   5,186,100   27,286   5,213,386
FHIP 6,838,695   37,582,735   37,134,114   -   37,134,114   226   37,133,888   37,080,785   53,103   37,133,888
FAMP 5,760,565   82,799,945   87,733,407   56   87,733,463   -   87,733,463   87,683,449   50,014   87,733,463
FB2 33,718,043   586,756,850   641,317,171   -   641,317,171   242   641,316,929   641,316,929   -   641,316,929
FNRS2 3,863,623   73,898,204   61,199,794   -   61,199,794   531   61,199,263   61,177,730   21,533   61,199,263
FEI2 13,067,716   278,037,674   301,864,246   -   301,864,246   168   301,864,078   301,831,977   32,101   301,864,078
FF10S 374,627   4,703,045   5,019,999   -   5,019,999   31   5,019,968   5,019,968   -   5,019,968
FF10S2 19,647,638   235,848,030   261,706,540   175   261,706,715   -   261,706,715   261,631,240   75,475   261,706,715
FF20S 612,247   8,078,397   8,546,969   -   8,546,969   64   8,546,905   8,546,905   -   8,546,905
FF20S2 29,321,638   339,098,760   408,157,206   -   408,157,206   86   408,157,120   407,782,827   374,293   408,157,120
FF30S 895,220   11,868,313   13,652,110   -   13,652,110   18   13,652,092   13,652,092   -   13,652,092
FF30S2 4,686,042   62,814,684   71,180,971   -   71,180,971   331   71,180,640   71,170,340   10,300   71,180,640
FGI2 24,407,674   491,380,744   526,717,608   -   526,717,608   81   526,717,527   526,717,527   -   526,717,527
FGP 5,230,552   236,717,211   413,684,346   1,866   413,686,212   -   413,686,212   413,039,306   646,906   413,686,212
FG2 5,512,783   344,900,517   426,854,771   -   426,854,771   152   426,854,619   426,825,480   29,139   426,854,619
FIGBS 1,077,614   13,710,619   14,030,535   570   14,031,105   -   14,031,105   13,995,244   35,861   14,031,105
FIGBP2 63,523,210   795,990,876   815,002,788   52   815,002,840   -   815,002,840   814,933,908   68,932   815,002,840
FMCS 509,401   16,905,930   16,601,376   -   16,601,376   22   16,601,354   16,586,396   14,958   16,601,354
FMC2 7,413,251   235,445,469   235,370,707   -   235,370,707   174   235,370,533   235,309,401   61,132   235,370,533
FOP 2,259,133   42,143,208   52,253,742   73   52,253,815   -   52,253,815   52,207,197   46,618   52,253,815
FO2 4,262,399   85,380,046   97,608,928   -   97,608,928   208   97,608,720   97,597,749   10,971   97,608,720
FVSS 292,619   3,817,760   3,883,055   -   3,883,055   101   3,882,954   3,882,954   -   3,882,954
FRESS2 472,520   9,042,226   9,190,520   -   9,190,520   163   9,190,357   9,190,357   -   9,190,357
FTVIS2 14,730,997   230,440,898   234,370,160   -   234,370,160   66   234,370,094   234,316,579   53,515   234,370,094
FTVRD2 1,273,341   31,443,374   34,367,471   -   34,367,471   25   34,367,446   34,343,613   23,833   34,367,446
FTVSV2 5,238,180   87,526,066   78,834,615   -   78,834,615   128   78,834,487   78,816,890   17,597   78,834,487
FTVMD2 76,790   1,482,829   1,423,688   5   1,423,693   -   1,423,693   1,423,693   -   1,423,693
FTVDM2 912,493   7,641,650   9,772,797   -   9,772,797   212   9,772,585   9,772,585   -   9,772,585
TIF2 2,033,600   31,664,367   28,328,053   -   28,328,053   396   28,327,657   28,311,161   16,496   28,327,657

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
FTVGI2 6,217,742   109,128,245   99,297,341   -   99,297,341   79   99,297,262   99,271,236   26,026   99,297,262
FTVFA2 12,766,165   90,876,973   86,937,580   -   86,937,580   11   86,937,569   86,840,145   97,424   86,937,569
FTVSI2 143,909   1,532,601   1,518,244   -   1,518,244   17   1,518,227   1,518,227   -   1,518,227
GVMSAS 180,200   1,630,371   1,625,403   -   1,625,403   30   1,625,373   1,625,373   -   1,625,373
GVSSCS 43,481   577,220   543,949   7   543,956   -   543,956   543,956   -   543,956
GVGMNS 852,344   10,109,981   10,483,832   -   10,483,832   167   10,483,665   10,469,053   14,612   10,483,665
RSRF 448   7,029   6,202   -   6,202   -   6,202   6,202   -   6,202
RVARS 574,858   13,776,560   13,888,562   -   13,888,562   247   13,888,315   13,862,116   26,199   13,888,315
ACEG2 74,147   4,470,431   4,738,002   -   4,738,002   185   4,737,817   4,736,807   1,010   4,737,817
IVMCC2 1,262,924   16,250,273   15,003,535   -   15,003,535   304   15,003,231   14,967,027   36,204   15,003,231
IVKMG2 2,816,300   14,742,938   14,954,552   -   14,954,552   293   14,954,259   14,954,259   -   14,954,259
IVBRA1 18,457   207,250   201,366   -   201,366   2   201,364   201,364   -   201,364
OVIGS 24,053,965   58,484,874   61,578,151   -   61,578,151   405   61,577,746   61,577,746   -   61,577,746
OVMS 1,425,355   19,354,621   23,247,539   73   23,247,612   -   23,247,612   23,174,078   73,534   23,247,612
OVB 1,942,343   14,970,933   15,402,781   154   15,402,935   -   15,402,935   15,381,560   21,375   15,402,935
OVGS 3,131,149   124,328,323   133,230,374   308   133,230,682   -   133,230,682   133,050,649   180,033   133,230,682
OVGSS 3,015,358   120,939,374   126,494,265   -   126,494,265   119   126,494,146   126,384,297   109,849   126,494,146
OVIG 703,013   1,665,290   1,722,382   -   1,722,382   16   1,722,366   1,722,366   -   1,722,366
OVGI 398,691   11,449,204   11,737,476   -   11,737,476   101   11,737,375   11,737,375   -   11,737,375
OVGIS 6,504,784   181,749,954   188,963,987   -   188,963,987   174   188,963,813   188,895,345   68,468   188,963,813
OVSC 218,751   5,137,673   5,101,263   -   5,101,263   25   5,101,238   5,091,127   10,111   5,101,238
OVSCS 4,479,502   104,631,273   102,535,800   33   102,535,833   -   102,535,833   102,406,393   129,440   102,535,833
OVAG 144,484   11,400,971   12,110,684   -   12,110,684   90   12,110,594   12,110,104   490   12,110,594
OVSB 341,396   1,683,484   1,696,736   -   1,696,736   27   1,696,709   1,696,709   -   1,696,709
OVSBS 1,163,880   6,100,150   5,970,706   -   5,970,706   162   5,970,544   5,970,206   338   5,970,544
WRPMCV 319,317   1,695,254   1,782,780   -   1,782,780   12   1,782,768   1,782,768   -   1,782,768
WRPMAV 980,673   5,039,171   5,519,034   -   5,519,034   -   5,519,034   5,519,034   -   5,519,034
WRPMMV 857,544   4,557,452   5,004,369   -   5,004,369   13   5,004,356   5,004,356   -   5,004,356
WRASP 15,979,857   159,715,214   151,810,238   177   151,810,415   -   151,810,415   151,627,922   182,493   151,810,415
WRENG 2,466   10,855   9,864   -   9,864   3   9,861   9,861   -   9,861
WRHIP 21,066,120   75,638,850   73,074,156   -   73,074,156   545   73,073,611   72,891,772   181,839   73,073,611
WRMCG 10,151,970   115,786,006   128,785,856   -   128,785,856   32   128,785,824   128,785,824   -   128,785,824
WRPAP 1,999   10,048   10,003   -   10,003   7   9,996   9,996   -   9,996
WRPCP 215,351   1,064,471   1,109,898   -   1,109,898   7   1,109,891   1,109,891   -   1,109,891
WRPMP 4,215,069   22,132,635   21,895,597   -   21,895,597   19   21,895,578   21,895,578   -   21,895,578
WRPMAP 8,014,843   43,312,750   42,643,771   -   42,643,771   12   42,643,759   42,643,759   -   42,643,759
WRPMCP 987,555   5,258,760   5,153,556   -   5,153,556   13   5,153,543   5,153,543   -   5,153,543
JPICB2 118,384   1,315,144   1,312,883   5   1,312,888   -   1,312,888   1,312,888   -   1,312,888
JPMMV1 953,583   10,283,700   11,261,815   -   11,261,815   56   11,261,759   11,261,759   -   11,261,759
JABS 235,010   7,776,681   9,799,906   -   9,799,906   103   9,799,803   9,799,803   -   9,799,803

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
JAMGS 25,686   1,818,835   2,053,076   -   2,053,076   34   2,053,042   2,053,042   -   2,053,042
JAFBS 5,171,281   66,071,373   67,174,943   -   67,174,943   315   67,174,628   67,151,605   23,023   67,174,628
JACAS 3,338,994   115,090,413   138,668,409   -   138,668,409   186   138,668,223   138,633,314   34,909   138,668,223
JAGTS 11,660,868   136,050,554   175,262,840   -   175,262,840   383   175,262,457   175,244,593   17,864   175,262,457
JAIGS 1,152,196   34,313,737   36,755,059   -   36,755,059   622   36,754,437   36,738,733   15,704   36,754,437
LZREMS 2,057,545   41,896,394   45,265,998   -   45,265,998   50   45,265,948   45,259,957   5,991   45,265,948
LOVTRC 3,038,951   50,513,443   51,206,316   -   51,206,316   243   51,206,073   51,206,073   -   51,206,073
LOVSDC 18,166   259,946   259,225   5   259,230   -   259,230   259,230   -   259,230
MNCPS2 6,344   85,740   85,447   -   85,447   6   85,441   85,441   -   85,441
M2IGSS 306,409   5,349,323   6,823,732   -   6,823,732   84   6,823,648   6,823,648   -   6,823,648
MNDSC 3,723,101   66,523,820   67,090,272   -   67,090,272   560   67,089,712   67,089,712   -   67,089,712
MVUSC 6,319   186,186   218,385   -   218,385   16   218,369   218,369   -   218,369
MVFSC 18,717,799   312,512,973   384,089,228   -   384,089,228   80   384,089,148   383,956,790   132,358   384,089,148
MVIGSC 160,267   2,118,108   2,261,371   -   2,261,371   9   2,261,362   2,261,362   -   2,261,362
MVIVSC 10,231,564   235,080,266   301,524,187   -   301,524,187   186   301,524,001   301,384,233   139,768   301,524,001
MGRFV 576   6,674   6,571   1   6,572   -   6,572   6,572   -   6,572
MSGI2 1,638,483   12,586,554   13,206,173   -   13,206,173   189   13,205,984   13,205,984   -   13,205,984
MSVFI 242,000   2,708,351   2,737,025   -   2,737,025   5   2,737,020   2,706,989   30,031   2,737,020
MSVF2 935,949   10,005,851   10,548,140   -   10,548,140   123   10,548,017   10,538,872   9,145   10,548,017
MSEM 170,478   1,332,932   1,309,274   -   1,309,274   153   1,309,121   1,309,121   -   1,309,121
MSEMB 75,621   594,467   575,478   -   575,478   37   575,441   575,441   -   575,441
VKVGR2 31,639   332,629   341,697   -   341,697   15   341,682   341,682   -   341,682
MSVRE 872   15,408   19,119   85   19,204   -   19,204   -   19,204   19,204
MSVREB 80   1,316   1,745   1   1,746   -   1,746   -   1,746   1,746
NVFIII 236,074   2,550,919   2,523,626   -   2,523,626   8   2,523,618   2,523,618   -   2,523,618
GBF 15,782,577   172,216,881   171,556,615   225   171,556,840   -   171,556,840   171,404,321   152,519   171,556,840
MSBF 24,199,475   221,403,715   221,183,204   -   221,183,204   40   221,183,164   221,164,763   18,401   221,183,164
HIBF 8,995,516   59,274,729   58,560,812   498   58,561,310   -   58,561,310   58,538,108   23,202   58,561,310
GVABD2 284,682,958   3,255,523,535   3,362,105,734   -   3,362,105,734   574   3,362,105,160   3,361,868,173   236,987   3,362,105,160
NVLCP2 5,845,068   66,333,018   67,276,735   -   67,276,735   518   67,276,217   67,267,324   8,893   67,276,217
NVCBD1 331,677   3,630,624   3,651,763   -   3,651,763   25   3,651,738   3,651,738   -   3,651,738
NVCBD2 9,052,823   97,845,231   99,309,466   35   99,309,501   -   99,309,501   99,051,022   258,479   99,309,501
NVSTB2 14,410,069   148,343,378   147,991,412   -   147,991,412   116   147,991,296   147,972,960   18,336   147,991,296
NVBX 82,902   885,231   883,734   -   883,734   5   883,729   883,729   -   883,729
SAM 504,189,523   504,189,523   504,189,523   170   504,189,693   -   504,189,693   503,101,231   1,088,462   504,189,693
NVGEII 187,823   2,083,898   2,218,194   20   2,218,214   -   2,218,214   2,218,214   -   2,218,214
NJMMA2 103,190   1,015,389   1,021,579   10   1,021,589   -   1,021,589   1,021,589   -   1,021,589
NJNDE2 62,003   659,782   683,893   4   683,897   -   683,897   683,897   -   683,897
NVMGA2 28,799,676   288,425,368   311,900,494   -   311,900,494   239   311,900,255   311,900,255   -   311,900,255
NAMGI2 43,731,835   461,096,880   519,096,880   -   519,096,880   355   519,096,525   519,086,570   9,955   519,096,525

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
NVMLG1 740,683   9,227,700   9,184,475   481   9,184,956   -   9,184,956   9,152,537   32,419   9,184,956
NVMLG2 9,816,778   121,565,366   120,157,357   20   120,157,377   -   120,157,377   120,096,282   61,095   120,157,377
NVMLV1 393,719   3,716,431   3,074,942   -   3,074,942   49   3,074,893   3,074,893   -   3,074,893
NVMLV2 10,754,679   100,743,574   83,133,672   -   83,133,672   209   83,133,463   83,133,463   -   83,133,463
NVMMG1 18,047,007   192,992,429   178,845,843   288   178,846,131   -   178,846,131   178,638,041   208,090   178,846,131
NVMMG2 13,927,323   139,725,611   128,549,193   -   128,549,193   44   128,549,149   128,521,809   27,340   128,549,149
NVMIG1 1,974,423   22,415,508   22,232,008   -   22,232,008   123   22,231,885   22,197,089   34,796   22,231,885
NVMIG6 8,801,436   90,287,947   98,576,088   -   98,576,088   132   98,575,956   98,572,728   3,228   98,575,956
NVRE1 5,726,352   40,810,232   44,837,335   -   44,837,335   47   44,837,288   44,800,326   36,962   44,837,288
NVRE2 12,617,127   88,706,856   97,656,566   -   97,656,566   138   97,656,428   97,626,272   30,156   97,656,428
NVMMV1 81,273   805,574   648,558   -   648,558   3   648,555   648,555   -   648,555
NVMMV2 28,805,820   288,062,016   231,598,791   -   231,598,791   4   231,598,787   231,565,828   32,959   231,598,787
NVNMO1 6,448,945   62,785,647   75,968,577   36   75,968,613   -   75,968,613   75,809,329   159,284   75,968,613
NVNMO2 3,716,794   40,504,255   43,114,812   -   43,114,812   429   43,114,383   43,109,027   5,356   43,114,383
NVNSR1 157,392   2,107,894   2,102,757   -   2,102,757   49   2,102,708   2,102,708   -   2,102,708
NVNSR2 7,880,036   104,340,667   105,198,484   -   105,198,484   1   105,198,483   105,164,967   33,516   105,198,483
NVAMV1 2,505,323   40,163,638   38,506,814   145   38,506,959   -   38,506,959   38,480,817   26,142   38,506,959
NVAMV2 11,189,978   178,761,955   170,311,460   -   170,311,460   15   170,311,445   170,119,274   192,171   170,311,445
NVOLG1 22,493,928   397,988,355   399,492,162   1,269   399,493,431   -   399,493,431   398,939,922   553,509   399,493,431
NVOLG2 17,365,499   303,203,372   305,459,124   316   305,459,440   -   305,459,440   305,253,784   205,656   305,459,440
NVTIV3 18,312,466   209,443,523   189,900,275   -   189,900,275   71   189,900,204   189,880,932   19,272   189,900,204
DTRTFB 870,429   8,685,724   8,739,106   -   8,739,106   59   8,739,047   8,739,047   -   8,739,047
TRF 5,674,826   60,498,124   131,485,720   1,028   131,486,748   -   131,486,748   130,888,989   597,759   131,486,748
TRF2 4,879,188   66,010,071   112,611,648   -   112,611,648   51   112,611,597   112,585,840   25,757   112,611,597
EIF 220,431   4,201,793   4,386,573   -   4,386,573   5   4,386,568   4,386,568   -   4,386,568
EIF2 16,586,491   268,521,915   327,417,337   -   327,417,337   60   327,417,277   327,350,159   67,118   327,417,277
SCGF 411,058   6,964,600   6,568,700   -   6,568,700   73   6,568,627   6,568,627   -   6,568,627
SCGF2 2,857,722   45,186,152   40,922,579   -   40,922,579   582   40,921,997   40,915,829   6,168   40,921,997
SCF 3,565,394   67,458,229   60,683,003   220   60,683,223   -   60,683,223   60,484,876   198,347   60,683,223
SCF2 2,639,117   48,899,459   41,328,577   -   41,328,577   453   41,328,124   41,289,671   38,453   41,328,124
GEM 654,851   7,761,861   8,807,749   -   8,807,749   4   8,807,745   8,798,661   9,084   8,807,745
GEM2 4,137,748   48,318,712   54,949,290   -   54,949,290   550   54,948,740   54,828,054   120,686   54,948,740
GIG 1,313,043   13,979,299   14,285,903   359   14,286,262   -   14,286,262   14,250,205   36,057   14,286,262
NVIE6 4,055,745   42,123,490   43,720,926   -   43,720,926   89   43,720,837   43,690,147   30,690   43,720,837
SCVF 2,847,130   32,784,210   23,887,421   307   23,887,728   -   23,887,728   23,770,709   117,019   23,887,728
SCVF2 4,430,407   49,811,484   35,487,560   -   35,487,560   454   35,487,106   35,485,822   1,284   35,487,106
GVAGG2 11,256,796   325,227,377   374,175,887   -   374,175,887   168   374,175,719   374,098,028   77,691   374,175,719
GVAGR2 7,348,293   570,337,262   643,490,055   174   643,490,229   -   643,490,229   643,170,424   319,805   643,490,229
GVAGI2 64,999,532   3,253,156,903   3,652,973,725   -   3,652,973,725   467   3,652,973,258   3,652,605,180   368,078   3,652,973,258
GVDIVI 294,325   2,925,923   2,319,282   -   2,319,282   51   2,319,231   2,309,936   9,295   2,319,231

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
GVDIV2 6,774,424   63,560,848   52,975,999   -   52,975,999   563   52,975,436   52,967,430   8,006   52,975,436
NVSIX2 14,020,678   146,839,350   113,146,874   -   113,146,874   500   113,146,374   113,046,259   100,115   113,146,374
GVIX2 270,509   2,706,380   2,759,191   -   2,759,191   22   2,759,169   2,759,169   -   2,759,169
GVIX8 10,193,574   97,168,239   103,464,779   -   103,464,779   504   103,464,275   103,403,145   61,130   103,464,275
MCIF 12,470,768   290,246,581   269,119,165   82   269,119,247   -   269,119,247   269,028,856   90,391   269,119,247
GVEX2 44,049,627   701,794,323   859,848,728   1   859,848,729   -   859,848,729   859,690,531   158,198   859,848,729
GVIDA 12,852,049   151,132,791   159,365,408   129   159,365,537   -   159,365,537   159,314,343   51,194   159,365,537
NAMAA2 195,165,874   2,056,435,757   2,302,957,309   -   2,302,957,309   553   2,302,956,756   2,302,956,756   -   2,302,956,756
GVDMA 54,389,202   608,613,253   680,408,912   50,085   680,458,997   -   680,458,997   680,301,892   157,105   680,458,997
GVIDM 180,213,010   1,992,283,739   2,090,470,919   -   2,090,470,919   957   2,090,469,962   2,089,633,792   836,170   2,090,469,962
GVDMC 66,811,348   721,516,209   713,545,198   290   713,545,488   -   713,545,488   713,356,346   189,142   713,545,488
GVIDC 58,307,589   592,376,841   581,909,733   -   581,909,733   35   581,909,698   581,852,781   56,917   581,909,698
GVAAA2 258,752,963   5,254,326,468   6,766,389,994   157   6,766,390,151   -   6,766,390,151   6,765,651,488   738,663   6,766,390,151
NVCRA2 7,414,074   73,904,535   72,138,944   -   72,138,944   244   72,138,700   72,133,662   5,038   72,138,700
NVCMA2 35,456,568   346,500,113   310,244,966   -   310,244,966   131   310,244,835   310,244,835   -   310,244,835
NVCCA2 240,228,982   2,496,686,879   2,397,485,240   -   2,397,485,240   6,130   2,397,479,110   2,397,275,270   203,840   2,397,479,110
NVCMD2 232,919,247   2,470,730,308   2,366,459,553   -   2,366,459,553   189   2,366,459,364   2,366,315,044   144,320   2,366,459,364
NVCRB2 196,303,723   2,130,769,299   2,043,521,759   -   2,043,521,759   282   2,043,521,477   2,043,288,342   233,135   2,043,521,477
NVCMC2 70,000,783   750,250,874   719,608,052   108   719,608,160   -   719,608,160   719,567,509   40,651   719,608,160
NVCCN2 60,621,130   632,266,102   617,123,108   -   617,123,108   16   617,123,092   617,094,844   28,248   617,123,092
NVDBL2 99,836,333   1,459,164,818   1,523,502,438   -   1,523,502,438   146   1,523,502,292   1,523,490,816   11,476   1,523,502,292
NVDCA2 80,082,546   1,266,517,581   1,397,440,435   -   1,397,440,435   502   1,397,439,933   1,397,418,551   21,382   1,397,439,933
NVLM2 1,369,577   16,790,312   17,489,495   -   17,489,495   111   17,489,384   17,489,384   -   17,489,384
NVLCA2 1,725,216   22,299,096   22,669,337   37,035   22,706,372   -   22,706,372   22,706,372   -   22,706,372
NCPG2 121,887,784   1,290,008,528   1,290,791,631   -   1,290,791,631   412   1,290,791,219   1,290,791,219   -   1,290,791,219
NCPGI2 55,104,487   580,492,581   580,250,245   -   580,250,245   313   580,249,932   580,249,932   -   580,249,932
IDPG2 96,444,305   1,040,465,762   1,108,145,070   -   1,108,145,070   285   1,108,144,785   1,108,144,785   -   1,108,144,785
IDPGI2 42,879,007   458,026,136   473,813,024   -   473,813,024   43   473,812,981   473,812,981   -   473,812,981
AMTB 5,943,772   63,115,241   62,825,666   -   62,825,666   3   62,825,663   62,808,951   16,712   62,825,663
AMINS 8,434   113,103   116,475   -   116,475   5   116,470   116,470   -   116,470
AMCG 488   13,674   14,532   239   14,771   -   14,771   -   14,771   14,771
AMMCGS 116,362   2,838,404   3,158,058   -   3,158,058   73   3,157,985   3,157,985   -   3,157,985
AMSRS 591,476   12,468,225   15,904,782   -   15,904,782   437   15,904,345   15,844,032   60,313   15,904,345
NOTB4 882,151   10,087,777   10,056,517   -   10,056,517   97   10,056,420   10,056,420   -   10,056,420
NOTG4 442,361   5,136,059   5,078,301   -   5,078,301   59   5,078,242   5,078,242   -   5,078,242
NOTMG4 628,624   7,453,567   7,455,479   -   7,455,479   98   7,455,381   7,455,381   -   7,455,381
PMVSTA 6,700,821   69,347,508   69,152,471   -   69,152,471   3,665   69,148,806   69,148,806   -   69,148,806
PMVIV 23,647   253,837   257,044   -   257,044   27   257,017   257,017   -   257,017
PMVRA 21,012   257,757   265,596   -   265,596   19   265,577   265,577   -   265,577
PMVFHA 59,951   654,719   678,642   -   678,642   49   678,593   678,593   -   678,593

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2019

 

Subaccount *,**       Shares Cost Investments, at
fair value		 Accounts
Receivable		 Total Assets Accounts
Payable		 Contract
Owners’
Equity		 Accumulation
Units		 Contracts in
Payout		 Contract
Owners’
Equity
PMUBA 5,494   57,476   57,083   11   57,094   -   57,094   57,094   -   57,094
PMVAAD 3,888,145   41,651,307   42,458,540   -   42,458,540   384   42,458,156   42,412,486   45,670   42,458,156
PMVFAD 1,551,968   16,230,830   15,597,281   -   15,597,281   1,271   15,596,010   15,596,010   -   15,596,010
PMVLAD 37,484,350   390,792,585   382,340,369   -   382,340,369   25,757   382,314,612   382,289,769   24,843   382,314,612
PMVTRD 32,987,372   362,044,436   363,520,845   -   363,520,845   28,617   363,492,228   363,477,084   15,144   363,492,228
PMVRSD 18,982   128,489   123,193   -   123,193   9   123,184   123,184   -   123,184
PMVEBD 984,405   12,669,768   12,984,307   -   12,984,307   1,758   12,982,549   12,978,458   4,091   12,982,549
PMVHYD 32,331   247,037   257,028   -   257,028   38   256,990   256,990   -   256,990
PVEIB 107,741   2,686,099   2,896,068   -   2,896,068   115   2,895,953   2,895,953   -   2,895,953
PVGOB 335,307   3,435,247   3,782,261   -   3,782,261   64   3,782,197   3,782,197   -   3,782,197
PVTIGB 1,207,381   17,489,137   18,098,637   -   18,098,637   138   18,098,499   18,098,499   -   18,098,499
HVSIT 1,469,450   18,866,404   17,486,450   -   17,486,450   345   17,486,105   17,482,244   3,861   17,486,105
ROCSC 33,076   281,076   270,890   -   270,890   8   270,882   270,882   -   270,882
TRHS2 5,938,696   235,662,353   281,969,279   -   281,969,279   181   281,969,098   281,656,169   312,929   281,969,098
VVGGS 29,674   219,316   256,090   -   256,090   7   256,083   256,083   -   256,083
VWHAS 1,420,088   28,784,990   25,930,800   -   25,930,800   298   25,930,502   25,916,249   14,253   25,930,502
VWBF 706,131   6,640,736   6,150,399   628   6,151,027   -   6,151,027   6,133,783   17,244   6,151,027
VWEM 1,024,380   13,356,748   15,509,113   533   15,509,646   -   15,509,646   15,492,202   17,444   15,509,646
VWHA 552,623   16,475,636   10,521,939   37   10,521,976   -   10,521,976   10,480,871   41,105   10,521,976
VYDS 13,185   150,332   162,443   -   162,443   18   162,425   162,425   -   162,425
VRVDRA 109,512   2,219,342   2,030,344   -   2,030,344   343,320   1,687,024   1,687,024   -   1,687,024
SVDF 1,508   38,827   49,546   188   49,734   -   49,734   -   49,734   49,734
SVOF 10,086   235,963   269,101   210   269,311   -   269,311   -   269,311   269,311
WFVSCG 9,747,168   99,343,097   96,594,435   27   96,594,462   -   96,594,462   96,591,484   2,978   96,594,462
WFVOG2 453   11,176   13,826   13   13,839   -   13,839   13,839   -   13,839
Total (unaudited)       $ 55,503,922,499 $ 976,112 $ 55,504,898,611 $ 441,793 $ 55,504,456,818 $ 55,490,273,506 $ 14,183,312 $ 55,504,456,818
                                       

* 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 contract owners were invested at December 31, 2019, if applicable.

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   Total (unaudited)   ALVBWB   ALVGIB   ALVIVB   ALVDAA   ALVDAB   ALVSVA   ALVSVB  
  Reinvested dividends $ 1,068,164,501   8,994   44,379   8,987   1,063   257,491   4,495   313,815  
  Mortality and expense risk charges (note 2)   (780,495,171)   (1,433)   (64,576)   (12,060)   (311)   (261,917)   (3,107)   (1,582,606)  
    Net investment income (loss)   287,669,330   7,561   (20,197)   (3,073)   752   (4,426)   1,388   (1,268,791)  
    Realized gain (loss) on investments   624,926,283   (19,942)   221,641   (28,167)   371   123,805   (41,753)   (3,789,502)  
  Change in unrealized gain (loss) on investments   4,295,026,187   23,801   165,616   144,229   5,982   1,626,256   81,145   10,377,766  
    Net gain (loss) on investments   4,919,952,470   3,859   387,257   116,062   6,353   1,750,061   39,392   6,588,264  
  Reinvested capital gains   3,282,821,928   46,660   466,489   -   59   16,293   83,869   10,839,184  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 8,490,443,728   58,080   833,549   112,989   7,164   1,761,928   124,649   16,158,657  
                                   
Investment Activity:   ALMCS   ARLPE3   AAEIP3   ACVIP1   ACVB   ACVCA   ACVIG   ACVIG2  
  Reinvested dividends $ -   -   366   46,548   408,656   -   279,374   63,077  
  Mortality and expense risk charges (note 2)   (3,506)   (360)   (85)   (7,447)   (351,420)   (423)   (180,369)   (47,361)  
    Net investment income (loss)   (3,506)   (360)   281   39,101   57,236   (423)   99,005   15,716  
    Realized gain (loss) on investments   27,121   60   16   (1,890)   1,032,579   439   747,998   104,491  
  Change in unrealized gain (loss) on investments   28,498   19,067   3,451   107,557   2,726,758   3,467   672,896   254,317  
    Net gain (loss) on investments   55,619   19,127   3,467   105,667   3,759,337   3,906   1,420,894   358,808  
  Reinvested capital gains   36,993   734   -   -   596,471   5,142   1,183,287   296,045  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 89,106   19,501   3,748   144,768   4,413,044   8,625   2,703,186   670,569  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   ACVIP2   ACVI   ACVMV1   ACVMV2   AMVCB4   AMVBC4   AMVI4   AMVGS4  
  Reinvested dividends $ 4,688,706   57   214,737   2,957,406   3,651   9,486   6,287   14  
  Mortality and expense risk charges (note 2)   (3,072,912)   (93)   (127,738)   (2,440,967)   (738)   (2,310)   (2,751)   (1,841)  
    Net investment income (loss)   1,615,794   (36)   86,999   516,439   2,913   7,176   3,536   (1,827)  
    Realized gain (loss) on investments   (7,344,659)   (45)   125,277   1,868,400   19   (8,346)   (1,229)   233  
  Change in unrealized gain (loss) on investments   20,172,194   1,228   1,219,366   17,862,198   17,979   37,753   74,566   63,210  
    Net gain (loss) on investments   12,827,535   1,183   1,344,643   19,730,598   17,998   29,407   73,337   63,443  
  Reinvested capital gains   -   342   1,106,312   16,631,278   -   36,940   13,775   10,790  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 14,443,329   1,489   2,537,954   36,878,315   20,911   73,523   90,648   72,406  
                                   
Investment Activity:   AFGF   AFHY   AVPAP2   AFGC   BRVED3   BRVHY3   BRVTR3   MLVGA3  
  Reinvested dividends $ 99,330   31,135   16,997,833   13,700   4,119,888   2,188,675   8,615,212   4,056,427  
  Mortality and expense risk charges (note 2)   (131,871)   (6,341)   (11,213,680)   (8,214)   (3,338,311)   (634,772)   (4,621,333)   (5,353,850)  
    Net investment income (loss)   (32,541)   24,794   5,784,153   5,486   781,577   1,553,903   3,993,879   (1,297,423)  
    Realized gain (loss) on investments   278,682   4,086   7,554,193   5,294   3,668,505   (112,894)   339,629   (2,037,524)  
  Change in unrealized gain (loss) on investments   1,287,502   20,068   64,583,504   15,891   31,158,239   2,986,344   18,085,961   38,288,560  
    Net gain (loss) on investments   1,566,184   24,154   72,137,697   21,185   34,826,744   2,873,450   18,425,590   36,251,036  
  Reinvested capital gains   1,052,808   -   31,194,882   -   15,581,116   -   1,220,830   12,719,919  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 2,586,451   48,948   109,116,732   26,671   51,189,437   4,427,353   23,640,299   47,673,532  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   DVMCSS   DVSCS   DSIF   DSIFS   DSRG   DCAP   DCAPS   DVDLS  
  Reinvested dividends $ 125,485   626,174   3,662,957   1,910,960   532,692   297,095   826,408   -  
  Mortality and expense risk charges (note 2)   (502,511)   (1,004,272)   (2,866,100)   (1,921,769)   (479,832)   (338,708)   (1,361,023)   (11,400)  
    Net investment income (loss)   (377,026)   (378,098)   796,857   (10,809)   52,860   (41,613)   (534,615)   (11,400)  
    Realized gain (loss) on investments   (527,313)   1,870,302   10,795,996   10,093,791   1,377,602   (89,538)   (2,399,278)   (20,724)  
  Change in unrealized gain (loss) on investments   3,796,899   5,270,214   32,140,364   16,166,722   7,455,471   4,699,214   18,278,513   23,735  
    Net gain (loss) on investments   3,269,586   7,140,516   42,936,360   26,260,513   8,833,073   4,609,676   15,879,235   3,011  
  Reinvested capital gains   2,275,580   5,975,171   11,036,439   6,860,537   1,178,797   2,863,406   10,390,499   162,387  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 5,168,140   12,737,589   54,769,656   33,110,241   10,064,730   7,431,469   25,735,119   153,998  
                                   
Investment Activity:   DGI   CHSMM   CLVHY2   DWVVLS   DWVSVS   ETVFR   FVU2S   FQB  
  Reinvested dividends $ 140,355   102,593   343,391   35,345   457,354   3,168,342   10,632   146,303  
  Mortality and expense risk charges (note 2)   (173,830)   (50,787)   (85,348)   (10,857)   (903,569)   (1,160,992)   (7,804)   (64,969)  
    Net investment income (loss)   (33,475)   51,806   258,043   24,488   (446,215)   2,007,350   2,828   81,334  
    Realized gain (loss) on investments   710,612   -   (32,063)   20,077   779,641   58,158   57   (22,885)  
  Change in unrealized gain (loss) on investments   981,180   -   462,870   231,936   7,604,064   1,839,155   87,285   317,598  
    Net gain (loss) on investments   1,691,792   -   430,807   252,013   8,383,705   1,897,313   87,342   294,713  
  Reinvested capital gains   1,462,853   -   -   166,089   4,715,968   -   -   190  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 3,121,170   51,806   688,850   442,590   12,653,458   3,904,663   90,170   376,237  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   FQBS   FEMS2   FC2   FEIP   FVSS2   FHIP   FAMP   FB2  
  Reinvested dividends $ 436,930   99,734   14,373   5,227,561   70,994   1,900,833   1,500,025   8,860,857  
  Mortality and expense risk charges (note 2)   (236,842)   (101,642)   (40,128)   (3,535,069)   (70,927)   (506,081)   (1,157,174)   (7,302,712)  
    Net investment income (loss)   200,088   (1,908)   (25,755)   1,692,492   67   1,394,752   342,851   1,558,145  
    Realized gain (loss) on investments   (46,863)   318,771   6,264   (287,123)   289,174   (393,199)   181,209   1,195,420  
  Change in unrealized gain (loss) on investments   1,022,190   751,782   712,851   41,589,850   621,534   3,765,049   9,212,432   77,730,304  
    Net gain (loss) on investments   975,327   1,070,553   719,115   41,302,727   910,708   3,371,850   9,393,641   78,925,724  
  Reinvested capital gains   625   -   -   17,158,685   488,669   -   3,731,035   21,546,765  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 1,176,040   1,068,645   693,360   60,153,904   1,399,444   4,766,602   13,467,527   102,030,634  
                                   
Investment Activity:   FNRS2   FEI2   FF10S   FF10S2   FF20S   FF20S2   FF30S   FF30S2  
  Reinvested dividends $ 1,135,434   5,202,266   97,790   4,757,951   160,890   7,052,797   242,184   1,165,962  
  Mortality and expense risk charges (note 2)   (1,020,293)   (4,466,838)   (65,067)   (3,618,502)   (115,162)   (5,861,237)   (161,785)   (1,070,194)  
    Net investment income (loss)   115,141   735,428   32,723   1,139,449   45,728   1,191,560   80,399   95,768  
    Realized gain (loss) on investments   (5,619,277)   4,361,002   20,246   3,214,681   102,549   10,103,519   363,304   642,056  
  Change in unrealized gain (loss) on investments   10,378,292   40,048,524   400,445   17,556,636   850,711   33,431,865   1,629,073   9,986,751  
    Net gain (loss) on investments   4,759,015   44,409,526   420,691   20,771,317   953,260   43,535,384   1,992,377   10,628,807  
  Reinvested capital gains   42,282   19,123,335   201,406   10,164,867   492,601   22,189,642   424,168   2,342,284  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 4,916,438   64,268,289   654,820   32,075,633   1,491,589   66,916,586   2,496,944   13,066,859  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   FGI2   FGP   FG2   FIGBS   FIGBP2   FMCS   FMC2   FOP  
  Reinvested dividends $ 14,079,066   1,011,108   216,435   360,936   19,808,063   128,367   1,556,636   843,366  
  Mortality and expense risk charges (note 2)   (5,806,936)   (5,179,682)   (6,140,777)   (175,523)   (10,415,064)   (217,084)   (3,605,386)   (657,385)  
    Net investment income (loss)   8,272,130   (4,168,574)   (5,924,342)   185,413   9,392,999   (88,717)   (2,048,750)   185,981  
    Realized gain (loss) on investments   1,230,094   31,640,192   6,112,922   16,513   (1,833,859)   16,259   132,747   264,456  
  Change in unrealized gain (loss) on investments   58,950,274   56,539,514   81,987,671   795,511   46,333,027   1,429,815   19,921,547   9,153,417  
    Net gain (loss) on investments   60,180,368   88,179,706   88,100,593   812,024   44,499,168   1,446,074   20,054,294   9,417,873  
  Reinvested capital gains   31,114,208   24,159,048   24,651,354   -   -   1,844,366   27,098,459   1,802,471  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 99,566,706   108,170,180   106,827,605   997,437   53,892,167   3,201,723   45,104,003   11,406,325  
                                   
Investment Activity:   FO2   FVSS   FRESS2   FTVIS2   FTVRD2   FTVSV2   FTVMD2   FTVDM2  
  Reinvested dividends $ 1,394,268   58,836   135,185   12,560,330   422,707   814,214   20,755   92,851  
  Mortality and expense risk charges (note 2)   (1,447,615)   (50,382)   (124,855)   (3,762,756)   (496,377)   (1,145,297)   (5,688)   (133,267)  
    Net investment income (loss)   (53,347)   8,454   10,330   8,797,574   (73,670)   (331,083)   15,067   (40,416)  
    Realized gain (loss) on investments   527,688   141,326   613,503   418,114   1,876,192   (6,881,550)   (35,391)   131,287  
  Change in unrealized gain (loss) on investments   17,367,722   535,939   616,391   17,919,804   1,028,864   11,151,631   160,573   1,958,989  
    Net gain (loss) on investments   17,895,410   677,265   1,229,894   18,337,918   2,905,056   4,270,081   125,182   2,090,276  
  Reinvested capital gains   3,542,648   370,679   119,367   3,796,198   5,242,003   12,970,972   130,381   -  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 21,384,711   1,056,398   1,359,591   30,931,690   8,073,389   16,909,970   270,630   2,049,860  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   TIF2   FTVGI2   FTVFA2   FTVSI2   GVMSAS   GVSSCS   GVGMNS   RSRF  
  Reinvested dividends $ 483,346   7,397,758   3,020,123   75,692   43,693   1,112   149,645   33  
  Mortality and expense risk charges (note 2)   (417,483)   (1,646,838)   (1,424,037)   (6,567)   (15,065)   (2,896)   (169,181)   (22)  
    Net investment income (loss)   65,863   5,750,920   1,596,086   69,125   28,628   (1,784)   (19,536)   11  
    Realized gain (loss) on investments   (1,312,523)   (1,876,271)   (1,099,522)   (743)   99   (81,869)   114,046   (43)  
  Change in unrealized gain (loss) on investments   3,849,551   (3,306,061)   7,814,328   28,316   18,113   225,568   498,807   342  
    Net gain (loss) on investments   2,537,028   (5,182,332)   6,714,806   27,573   18,212   143,699   612,853   299  
  Reinvested capital gains   288,506   -   5,567,784   -   -   11,266   437,634   -  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 2,891,397   568,588   13,878,676   96,698   46,840   153,181   1,030,951   310  
                                   
Investment Activity:   RVARS   ACEG2   IVMCC2   IVKMG2   IVBRA1   OVIGS   OVMS   OVB  
  Reinvested dividends $ 336,925   -   30,781   -   -   389,681   528,058   539,630  
  Mortality and expense risk charges (note 2)   (237,050)   (67,260)   (240,925)   (222,393)   (918)   (864,546)   (314,449)   (214,864)  
    Net investment income (loss)   99,875   (67,260)   (210,144)   (222,393)   (918)   (474,865)   213,609   324,766  
    Realized gain (loss) on investments   86,467   163,904   (527,815)   (15,024)   (6,584)   323,135   (88,918)   145,032  
  Change in unrealized gain (loss) on investments   284,904   563,225   2,095,074   2,204,699   34,988   10,222,603   2,977,265   780,631  
    Net gain (loss) on investments   371,371   727,129   1,567,259   2,189,675   28,404   10,545,738   2,888,347   925,663  
  Reinvested capital gains   -   683,909   1,579,235   2,168,599   -   2,694,175   374,032   -  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 471,246   1,343,778   2,936,350   4,135,881   27,486   12,765,048   3,475,988   1,250,429  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   OVGS   OVGSS   OVIG   OVGI   OVGIS   OVSC   OVSCS   OVAG  
  Reinvested dividends $ 1,169,974   816,512   15,946   121,040   1,508,748   11,505   -   -  
  Mortality and expense risk charges (note 2)   (1,712,347)   (1,880,235)   (6,883)   (143,405)   (2,831,242)   (72,834)   (1,517,736)   (145,240)  
    Net investment income (loss)   (542,373)   (1,063,723)   9,063   (22,365)   (1,322,494)   (61,329)   (1,517,736)   (145,240)  
    Realized gain (loss) on investments   9,260,073   (635,655)   3,933   25,910   13,057,985   (244,991)   (1,306,249)   245,559  
  Change in unrealized gain (loss) on investments   5,981,307   13,483,731   282,821   1,103,086   5,536,661   954,808   14,523,402   1,844,169  
    Net gain (loss) on investments   15,241,380   12,848,076   286,754   1,128,996   18,594,646   709,817   13,217,153   2,089,728  
  Reinvested capital gains   18,480,518   18,439,810   78,188   1,822,125   29,929,637   531,307   9,136,201   1,343,579  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 33,179,525   30,224,163   374,005   2,928,756   47,201,789   1,179,795   20,835,618   3,288,067  
                                   
Investment Activity:   OVSB   OVSBS   WRPMCV   WRPMAV   WRPMMV   WRASP   WRENG   WRHIP  
  Reinvested dividends $ 58,990   210,456   28,809   167,964   95,787   3,088,592   -   5,199,428  
  Mortality and expense risk charges (note 2)   (20,899)   (92,208)   (7,173)   (31,666)   (24,516)   (2,543,469)   (24)   (1,291,283)  
    Net investment income (loss)   38,091   118,248   21,636   136,298   71,271   545,123   (24)   3,908,145  
    Realized gain (loss) on investments   (7,696)   (121,219)   382   (43,052)   31,444   (9,101,876)   (489)   270,893  
  Change in unrealized gain (loss) on investments   107,139   544,338   130,238   620,476   456,762   29,568,535   237   2,905,154  
    Net gain (loss) on investments   99,443   423,119   130,620   577,424   488,206   20,466,659   (252)   3,176,047  
  Reinvested capital gains   -   -   76,704   507,353   240,599   5,896,850   -   -  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 137,534   541,367   228,960   1,221,075   800,076   26,908,632   (276)   7,084,192  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2019

 

Investment Activity:   WRMCG   WRPAP   WRPCP   WRPMP   WRPMAP   WRPMCP   JPICB2   JPMMV1  
  Reinvested dividends $ -   621   26,864   611,081   1,231,899   117,022   -   183,757  
  Mortality and expense risk charges (note 2)   (1,784,952)   (88)   (5,275)   (94,602)   (180,363)   (20,165)   (1,339)   (149,358)  
    Net investment income (loss)   (1,784,952)   533   21,589   516,479   1,051,536   96,857   (1,339)   34,399  
    Realized gain (loss) on investments   4,210,081   (809)   6,255   (582,073)   (1,314,170)   (47,956)   2   118,786  
  Change in unrealized gain (loss) on investments   12,048,222   1,648   77,498   2,146,174   4,530,873   378,811   (2,261)   1,561,087  
    Net gain (loss) on investments   16,258,303   839   83,753   1,564,101   3,216,703   330,855   (2,259)   1,679,873  
  Reinvested capital gains   17,779,311   1,981   66,515   1,885,863   4,189,120   324,288   -   762,979  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 32,252,662   3,353   171,857   3,966,443   8,457,359   752,000   (3,598)   2,477,251  
                                   
Investment Activity:   JABS   JAMGS   JAFBS   JACAS   JAGTS   JAIGS   LZREMS   LOVTRC  
  Reinvested dividends $ 164,408   1,014   1,830,558   29,094   598,749   640,856   383,283   1,332,243  
  Mortality and expense risk charges (note 2)   (119,470)   (9,380)   (955,086)   (1,965,162)   (2,335,065)   (515,153)   (690,342)   (645,645)  
    Net investment income (loss)   44,938   (8,366)   875,472   (1,936,068)   (1,736,316)   125,703   (307,059)   686,598  
    Realized gain (loss) on investments   645,292   119,527   (189,654)   1,789,884   9,718,366   (1,752,298)   1,013,804   (145,115)  
  Change in unrealized gain (loss) on investments   926,686   359,970   3,935,450   28,255,755   33,319,039   9,455,308   5,913,644   2,429,740  
    Net gain (loss) on investments   1,571,978   479,497   3,745,796   30,045,639   43,037,405   7,703,010   6,927,448   2,284,625  
  Reinvested capital gains   277,055   130,202   -   11,323,419   9,940,454   -   -   -  
Net increase (decrease) in contract owners’ equity resulting from operations

$ 1,893,971   601,333   4,621,268   39,432,990   51,241,543   7,828,713   6,620,389   2,971,223  
                                   

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019 

                                   
Investment Activity:   LOVSDC   MNCPS2   M2IGSS   MNDSC   MVUSC   MVFSC   MVIGSC   MVIVSC  
  Reinvested dividends $ 2,178   730   21,831   -   7,539   6,869,596   6,603   4,171,006  
  Mortality and expense risk charges (note 2)   (313)   (334)   (95,488)   (807,203)   (1,076)   (5,632,433)   (8,910)   (4,389,130)  
    Net investment income (loss)   1,865   396   (73,657)   (807,203)   6,463   1,237,163   (2,307)   (218,124)  
    Realized gain (loss) on investments   3   (50)   178,383   1,536,946   (584)   22,306,709   (71,288)   11,947,954  
  Change in unrealized gain (loss) on investments   236   3,665   1,364,961   5,024,982   35,777   48,996,359   143,263   39,939,427  
    Net gain (loss) on investments   239   3,615   1,543,344   6,561,928   35,193   71,303,068   71,975   51,887,381  
  Reinvested capital gains   -   7,170   504,007   10,070,543   597   16,506,174   73,166   8,743,532  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 2,104   11,181   1,973,694   15,825,268   42,253   89,046,405   142,834   60,412,789  
                                   
                                   
                                   
Investment Activity:   MGRFV   MSGI2   MSVFI   MSVF2   MSEM   MSEMB   VKVGR2   MSVRE  
  Reinvested dividends $ 66   319,943   117,892   386,139   71,555   29,904   9,816   351  
  Mortality and expense risk charges (note 2)   (16)   (199,759)   (37,436)   (149,436)   (18,045)   (5,376)   (3,997)   (273)  
    Net investment income (loss)   50   120,184   80,456   236,703   53,510   24,528   5,819   78  
    Realized gain (loss) on investments   16   33,076   145,967   101,484   16,430   (5,503)   1,397   1,073  
  Change in unrealized gain (loss) on investments   (104)   2,064,805   37,185   505,217   90,421   50,369   32,086   1,093  
    Net gain (loss) on investments   (88)   2,097,881   183,152   606,701   106,851   44,866   33,483   2,166  
  Reinvested capital gains   293   569,931   -   -   -   -   18,368   698  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 255   2,787,996   263,608   843,404   160,361   69,394   57,670   2,942  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019  

                                   
Investment Activity:   MSVREB   NVFIII   GBF   MSBF   HIBF   GVABD2   NVLCP2   NVCBD1  
  Reinvested dividends $ 33   24,621   4,053,106   10,707,476   3,228,199   61,082,488   1,934,122   106,521  
  Mortality and expense risk charges (note 2)   (27)   (10,329)   (2,701,013)   (3,409,373)   (933,849)   (46,178,151)   (994,294)   (43,868)  
    Net investment income (loss)   6   14,292   1,352,093   7,298,103   2,294,350   14,904,337   939,828   62,653  
    Realized gain (loss) on investments   154   7,491   (1,752,774)   (1,681,671)   756,609   16,390,010   (170,679)   34,669  
  Change in unrealized gain (loss) on investments   82   (27,293)   8,743,038   10,826,728   4,154,130   185,482,176   4,336,645   127,782  
    Net gain (loss) on investments   236   (19,802)   6,990,264   9,145,057   4,910,739   201,872,186   4,165,966   162,451  
  Reinvested capital gains   76   13,352   -   -   -   10,825,818   -   -  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 318   7,842   8,342,357   16,443,160   7,205,089   227,602,341   5,105,794   225,104  
                                   
                                   
                                   
Investment Activity:   NVCBD2   NVSTB2   NVBX   SAM   NVGEII   NJMMA2   NJNDE2   NVMGA2  
  Reinvested dividends $ 2,714,807   3,278,435   20,496   9,098,984   9,879   1,414   1,069   1,523,842  
  Mortality and expense risk charges (note 2)   (1,454,401)   (2,246,248)   (1,821)   (7,630,483)   (7,754)   (1,464)   (867)   (3,862,929)  
    Net investment income (loss)   1,260,406   1,032,187   18,675   1,468,501   2,125   (50)   202   (2,339,087)  
    Realized gain (loss) on investments   (94,822)   (1,003,869)   77   -   3,526   13   33   572,631  
  Change in unrealized gain (loss) on investments   5,316,997   3,587,210   696   -   134,296   6,190   24,111   29,595,239  
    Net gain (loss) on investments   5,222,175   2,583,341   773   -   137,822   6,203   24,144   30,167,870  
  Reinvested capital gains   -   -   -   -   11,026   -   -   6,911,023  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 6,482,581   3,615,528   19,448   1,468,501   150,973   6,153   24,346   34,739,806  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019  

 

Investment Activity:   NAMGI2   NVMLG1   NVMLG2   NVMLV1   NVMLV2   NVMMG1   NVMMG2   NVMIG1  
  Reinvested dividends $ 7,097,118   353,316   4,377,327   671,566   17,180,625   -   -   258,735  
  Mortality and expense risk charges (note 2)   (5,866,272)   (120,091)   (1,780,379)   (44,103)   (1,160,833)   (2,308,574)   (1,779,292)   (278,347)  
    Net investment income (loss)   1,230,846   233,225   2,596,948   627,463   16,019,792   (2,308,574)   (1,779,292)   (19,612)  
    Realized gain (loss) on investments   909,398   (18,929)   (21,367)   (104,926)   (1,428,375)   6,629,580   (5,070,783)   (388,170)  
  Change in unrealized gain (loss) on investments   58,109,471   848,581   11,102,949   (84,902)   (4,645,527)   2,119,857   10,786,045   4,700,681  
    Net gain (loss) on investments   59,018,869   829,652   11,081,582   (189,828)   (6,073,902)   8,749,437   5,715,262   4,312,511  
  Reinvested capital gains   18,700,573   1,203,772   14,974,105   246,664   5,625,297   44,016,105   29,545,635   1,343,193  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 78,950,288   2,266,649   28,652,635   684,299   15,571,187   50,456,968   33,481,605   5,636,092  
                                   
                                   
                                   
Investment Activity:   NVMIG6   NVRE1   NVRE2   NVMMV1   NVMMV2   NVNMO1   NVNMO2   NVNSR1  
  Reinvested dividends $ 872,219   732,137   1,421,947   14,754   5,031,768   461,829   228,552   16,343  
  Mortality and expense risk charges (note 2)   (1,424,912)   (584,866)   (1,463,006)   (3,164)   (3,244,329)   (970,837)   (625,495)   (26,565)  
    Net investment income (loss)   (552,693)   147,271   (41,059)   11,590   1,787,439   (509,008)   (396,943)   (10,222)  
    Realized gain (loss) on investments   3,727,688   (1,076,756)   (1,423,079)   (27,080)   (6,544,540)   2,231,541   1,324,883   (81,247)  
  Change in unrealized gain (loss) on investments   16,388,068   11,769,139   23,025,386   38,668   9,982,958   9,171,508   5,204,244   339,592  
    Net gain (loss) on investments   20,115,756   10,692,383   21,602,307   11,588   3,438,418   11,403,049   6,529,127   258,345  
  Reinvested capital gains   5,912,227   -   -   114,157   40,213,968   5,862,075   3,343,833   200,511  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 25,475,290   10,839,654   21,561,248   137,335   45,439,825   16,756,116   9,476,017   448,634  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019  

 

Investment Activity:   NVNSR2   NVAMV1   NVAMV2   NVOLG1   NVOLG2   NVTIV3   DTRTFB   TRF  
  Reinvested dividends $ 730,998   968,806   4,041,059   6,279,126   4,060,118   4,467,243   263,931   1,441,190  
  Mortality and expense risk charges (note 2)   (1,576,149)   (493,088)   (2,423,781)   (4,973,521)   (4,069,701)   (2,759,042)   (100,822)   (1,667,369)  
    Net investment income (loss)   (845,151)   475,718   1,617,278   1,305,605   (9,583)   1,708,201   163,109   (226,179)  
    Realized gain (loss) on investments   6,641,110   485,656   (1,850,167)   9,742,258   (4,385,492)   1,676,428   26,958   8,613,128  
  Change in unrealized gain (loss) on investments   5,270,364   3,284,602   18,104,147   4,696,528   16,051,245   (860,109)   103,335   16,498,962  
    Net gain (loss) on investments   11,911,474   3,770,258   16,253,980   14,438,786   11,665,753   816,319   130,293   25,112,090  
  Reinvested capital gains   11,257,304   4,051,728   17,876,349   96,430,002   68,289,238   16,421,785   -   5,358,500  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 22,323,627   8,297,704   35,747,607   112,174,393   79,945,408   18,946,305   293,402   30,244,411  
                                   
                                   
                                   
Investment Activity:   TRF2   EIF   EIF2   SCGF   SCGF2   SCF   SCF2   GEM  
  Reinvested dividends $ 988,440   73,051   4,910,846   -   -   42,285   -   194,192  
  Mortality and expense risk charges (note 2)   (1,615,652)   (17,515)   (4,107,201)   (80,482)   (580,760)   (792,593)   (601,305)   (103,184)  
    Net investment income (loss)   (627,212)   55,536   803,645   (80,482)   (580,760)   (750,308)   (601,305)   91,008  
    Realized gain (loss) on investments   14,753,218   (30,301)   6,796,829   (128,166)   (293,111)   899,993   (2,453,956)   131,937  
  Change in unrealized gain (loss) on investments   6,215,676   720,030   43,237,510   290,025   158,252   5,795,975   6,559,275   1,338,309  
    Net gain (loss) on investments   20,968,894   689,729   50,034,339   161,859   (134,859)   6,695,968   4,105,319   1,470,246  
  Reinvested capital gains   4,631,916   146,201   11,573,711   1,667,975   10,937,783   6,641,946   4,811,073   -  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 24,973,598   891,466   62,411,695   1,749,352   10,222,164   12,587,606   8,315,087   1,561,254  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019

                                   
Investment Activity:   GEM2   GIG   NVIE6   SCVF   SCVF2   GVAGG2   GVAGR2   GVAGI2  
  Reinvested dividends $ 1,134,653   366,597   1,002,763   247,315   302,862   2,184,715   2,061,051   43,782,553  
  Mortality and expense risk charges (note 2)   (829,339)   (191,152)   (677,726)   (319,202)   (545,747)   (5,136,453)   (9,167,363)   (48,283,750)  
    Net investment income (loss)   305,314   175,445   325,037   (71,887)   (242,885)   (2,951,738)   (7,106,312)   (4,501,197)  
    Realized gain (loss) on investments   288,774   (40,710)   (276,655)   550,254   (2,764,139)   11,151,511   22,212,277   68,482,858  
  Change in unrealized gain (loss) on investments   9,173,147   1,593,391   4,857,869   (4,023,582)   (2,883,314)   57,377,842   45,928,624   333,113,418  
    Net gain (loss) on investments   9,461,921   1,552,681   4,581,214   (3,473,328)   (5,647,453)   68,529,353   68,140,901   401,596,276  
  Reinvested capital gains   -   645,702   1,907,829   7,373,925   11,286,911   28,599,372   84,344,657   301,949,354  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 9,767,235   2,373,828   6,814,080   3,828,710   5,396,573   94,176,987   145,379,246   699,044,433  
                                   
                                   
                                   
Investment Activity:   GVDIVI   GVDIV2   NVSIX2   GVIX2   GVIX8   MCIF   GVEX2   GVIDA  
  Reinvested dividends $ 509,793   11,725,852   999,602   86,702   2,990,853   3,379,562   14,527,468   3,030,800  
  Mortality and expense risk charges (note 2)   (30,140)   (774,554)   (1,597,588)   (14,348)   (1,418,970)   (3,844,974)   (11,833,156)   (2,519,533)  
    Net investment income (loss)   479,653   10,951,298   (597,986)   72,354   1,571,883   (465,412)   2,694,312   511,267  
    Realized gain (loss) on investments   (50,840)   (1,279,662)   (2,940,718)   37,761   270,981   6,001,853   11,566,295   8,150,856  
  Change in unrealized gain (loss) on investments   (211,448)   (4,905,924)   (14,450,894)   374,499   14,103,605   6,156,457   137,277,218   8,211,447  
    Net gain (loss) on investments   (262,288)   (6,185,586)   (17,391,612)   412,260   14,374,586   12,158,310   148,843,513   16,362,303  
  Reinvested capital gains   92,297   2,114,428   38,288,355   5,375   186,217   39,910,116   31,932,459   13,735,105  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 309,662   6,880,140   20,298,757   489,989   16,132,686   51,603,014   183,470,284   30,608,675  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019

                                   
Investment Activity:   NAMAA2   GVDMA   GVIDM   GVDMC   GVIDC   GVAAA2   NVCRA2   NVCMA2  
  Reinvested dividends $ 37,125,894   13,530,729   44,192,284   15,356,431   12,863,050   104,658,481   1,936,390   8,547,694  
  Mortality and expense risk charges (note 2)   (28,854,191)   (10,032,682)   (31,018,582)   (10,590,341)   (8,861,804)   (95,811,761)   (1,164,906)   (4,785,099)  
    Net investment income (loss)   8,271,703   3,498,047   13,173,702   4,766,090   4,001,246   8,846,720   771,484   3,762,595  
    Realized gain (loss) on investments   1,917,432   27,759,548   (7,335,634)   14,984,145   (7,016,871)   239,173,773   (1,159,082)   (3,759,725)  
  Change in unrealized gain (loss) on investments   248,897,323   28,438,358   117,026,588   23,432,868   36,829,703   430,187,040   8,365,664   26,174,829  
    Net gain (loss) on investments   250,814,755   56,197,906   109,690,954   38,417,013   29,812,832   669,360,813   7,206,582   22,415,104  
  Reinvested capital gains   58,306,944   63,771,904   184,325,769   36,823,064   11,665,066   436,261,026   5,368,736   29,993,449  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 317,393,402   123,467,857   307,190,425   80,006,167   45,479,144   1,114,468,559   13,346,802   56,171,148  
                                   
                                   
                                   
Investment Activity:   NVCCA2   NVCMD2   NVCRB2   NVCMC2   NVCCN2   NVDBL2   NVDCA2   NVLM2  
  Reinvested dividends $ 66,306,825   63,522,101   52,922,430   18,484,513   15,250,717   32,674,528   28,246,391   268,176  
  Mortality and expense risk charges (note 2)   (35,665,322)   (35,281,992)   (29,636,432)   (10,653,635)   (9,121,647)   (21,706,771)   (20,377,804)   (296,814)  
    Net investment income (loss)   30,641,503   28,240,109   23,285,998   7,830,878   6,129,070   10,967,757   7,868,587   (28,638)  
    Realized gain (loss) on investments   (1,981,561)   4,036,280   14,950,857   (2,290,779)   (5,114,554)   19,916,421   25,369,177   160,078  
  Change in unrealized gain (loss) on investments   154,317,605   149,304,239   103,875,699   44,640,433   40,579,434   69,396,569   95,168,035   1,743,424  
    Net gain (loss) on investments   152,336,044   153,340,519   118,826,556   42,349,654   35,464,880   89,312,990   120,537,212   1,903,502  
  Reinvested capital gains   218,064,619   174,592,903   130,413,547   35,297,950   11,535,298   90,328,521   100,446,388   323,936  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 401,042,166   356,173,531   272,526,101   85,478,482   53,129,248   190,609,268   228,852,187   2,198,800  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019

 

Investment Activity:   NVLCA2   NCPG2   NCPGI2   IDPG2   IDPGI2   AMTB   AMINS   AMCG  
  Reinvested dividends $ 321,727   31,594,960   13,949,586   22,834,228   10,044,047   1,288,778   165   -  
  Mortality and expense risk charges (note 2)   (262,650)   (18,028,204)   (8,216,163)   (15,076,979)   (6,616,097)   (979,884)   (1,871)   (195)  
    Net investment income (loss)   59,077   13,566,756   5,733,423   7,757,249   3,427,950   308,894   (1,706)   (195)  
    Realized gain (loss) on investments   184,384   (1,590,354)   (646,208)   2,455,958   1,103,735   (604,713)   (186)   1,169  
  Change in unrealized gain (loss) on investments   2,178,595   100,775,677   48,519,717   97,522,121   34,475,295   1,743,415   22,928   1,599  
    Net gain (loss) on investments   2,362,979   99,185,323   47,873,509   99,978,079   35,579,030   1,138,702   22,742   2,768  
  Reinvested capital gains   318,413   45,052,410   10,531,251   25,216,214   9,752,788   -   4,452   814  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 2,740,469   157,804,489   64,138,183   132,951,542   48,759,768   1,447,596   25,488   3,387  
                                   
                                   
                                   
Investment Activity:   AMMCGS   AMSRS   NOTB4   NOTG4   NOTMG4   PMVSTA   PMVIV   PMVRA  
  Reinvested dividends $ -   62,873   192,388   68,071   128,964   1,472,634   2,804   4,085  
  Mortality and expense risk charges (note 2)   (46,445)   (212,658)   (169,371)   (92,386)   (126,870)   (924,696)   (327)   (1,098)  
    Net investment income (loss)   (46,445)   (149,785)   23,017   (24,315)   2,094   547,938   2,477   2,987  
    Realized gain (loss) on investments   186,419   918,513   (19,587)   (39,041)   (30,694)   (24,819)   67   231  
  Change in unrealized gain (loss) on investments   412,095   1,735,274   860,094   408,299   655,547   167,188   3,187   15,815  
    Net gain (loss) on investments   598,514   2,653,787   840,507   369,258   624,853   142,369   3,254   16,046  
  Reinvested capital gains   227,134   837,518   291,956   327,239   305,396   -   -   -  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 779,203   3,341,520   1,155,480   672,182   932,343   690,307   5,731   19,033  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019 

                                   
Investment Activity:   PMVFHA   PMUBA   PMVAAD   PMVFAD   PMVLAD   PMVTRD   PMVRSD   PMVEBD  
  Reinvested dividends $ 11,502   2,412   1,171,318   303,656   10,282,094   10,492,945   5,304   530,319  
  Mortality and expense risk charges (note 2)   (3,022)   (309)   (676,541)   (255,264)   (5,784,826)   (5,527,189)   (571)   (196,352)  
    Net investment income (loss)   8,480   2,103   494,777   48,392   4,497,268   4,965,756   4,733   333,967  
    Realized gain (loss) on investments   979   (3)   (185,615)   (40,867)   (2,973,394)   (4,466,965)   (11,941)   (33,459)  
  Change in unrealized gain (loss) on investments   26,435   208   3,627,074   818,587   7,513,362   22,495,555   19,562   1,134,133  
    Net gain (loss) on investments   27,414   205   3,441,459   777,720   4,539,968   18,028,590   7,621   1,100,674  
  Reinvested capital gains   4,505   -   -   -   -   -   -   -  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 40,399   2,308   3,936,236   826,112   9,037,236   22,994,346   12,354   1,434,641  
                                   
                                   
                                   
Investment Activity:   PMVHYD   PVEIB   PVGOB   PVTIGB   HVSIT   ROCSC   TRHS2   VVGGS  
  Reinvested dividends $ 11,930   50,798   3,928   111,868   -   1,747   -   -  
  Mortality and expense risk charges (note 2)   (1,104)   (37,461)   (45,791)   (135,089)   (277,767)   (1,034)   (4,176,964)   (597)  
    Net investment income (loss)   10,826   13,337   (41,863)   (23,221)   (277,767)   713   (4,176,964)   (597)  
    Realized gain (loss) on investments   579   18,824   40,038   112,274   (1,808,071)   (3,218)   6,912,254   6,471  
  Change in unrealized gain (loss) on investments   20,633   395,272   504,044   1,695,273   2,319,589   13,239   46,488,399   36,774  
    Net gain (loss) on investments   21,212   414,096   544,082   1,807,547   511,518   10,021   53,400,653   43,245  
  Reinvested capital gains   -   217,089   397,786   14,357   3,438,461   31,345   12,324,903   -  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 32,038   644,522   900,005   1,798,683   3,672,212   42,079   61,548,592   42,648  

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENTS OF Operations

Year Ended December 31, 2019  

                                   
Investment Activity:   VWHAS   VWBF   VWEM   VWHA   VYDS   VRVDRA   SVDF   SVOF  
  Reinvested dividends $ -   21,172   68,722   -   791   30,448   -   759  
  Mortality and expense risk charges (note 2)   (415,798)   (83,136)   (197,668)   (147,849)   (1,912)   (7,610)   (662)   (3,524)  
    Net investment income (loss)   (415,798)   (61,964)   (128,946)   (147,849)   (1,121)   22,838   (662)   (2,765)  
    Realized gain (loss) on investments   (1,990,985)   (384,362)   214,567   (904,592)   1,348   302   1,402   13,260  
  Change in unrealized gain (loss) on investments   4,901,599   1,106,322   3,254,670   2,127,142   25,198   (188,998)   8,145   26,132  
    Net gain (loss) on investments   2,910,614   721,960   3,469,237   1,222,550   26,546   (188,696)   9,547   39,392  
  Reinvested capital gains   -   -   340,644   -   9,023   188,784   4,819   30,229  
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 2,494,816   659,996   3,680,935   1,074,701   34,448   22,926   13,704   66,856  
                                   
                                   
                                   

 

Investment Activity:   WFVSCG   WFVOG2   AMTP    
  Reinvested dividends $ -   -   285    
  Mortality and expense risk charges (note 2)   (1,498,591)   (192)   (50)    
    Net investment income (loss)   (1,498,591)   (192)   235    
    Realized gain (loss) on investments   4,022,919   (487)   585    
  Change in unrealized gain (loss) on investments   1,489,391   2,744   (2,350)    
    Net gain (loss) on investments   5,512,310   2,257   (1,765)    
  Reinvested capital gains   15,459,225   1,609   3,092    
Net increase (decrease) in contract owners'
equity resulting from operations		 $ 19,472,944   3,674   1,562    

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

 

    Total (unaudited)   ALVBWB   ALVGIB   ALVIVB
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
Net investment income (loss) $ 287,669,330   48,012,497   7,561   5,012   (20,197)   (34,204)   (3,073)   1,683
Realized gain (loss) on investments   624,926,283   903,559,124   (19,942)   (9,101)   221,641   556,652   (28,167)   (7,637)
Change in unrealized gain (loss)
on investments		   4,295,026,187   (7,183,273,744)   23,801   (50,299)   165,616   (1,334,184)   144,229   (111,862)
Reinvested capital gains   3,282,821,928   2,729,622,589   46,660   29,618   466,489   514,481   -   -
Net increase (decrease) in contract owners
equity resulting from operations		   8,490,443,728   (3,502,079,534)   58,080   (24,770)   833,549   (297,255)   112,989   (117,816)
Equity transactions:                                
Purchase payments received from contract
owners’ (note 4)		   3,434,033,211   3,332,836,301   -   -   21,988   24,455   403,246   452,845
Transfers between funds   -   -   (71,538)   (3,696)   (10,862)   (13,056)   127,175   263,234
Redemptions (notes 2, 3 and 4)   (5,314,983,070)   (5,137,288,422)   (20,497)   (88,463)   (399,054)   (388,722)   (21,362)   (1,397)
Adjustments to maintain reserves   (233,093)   277,245   (15)   (10)   (55)   (30)   (42)   -
Net equity transactions   (1,881,182,952)   (1,804,174,876)   (92,050)   (92,170)   (387,983)   (377,354)   509,017   714,682
Net change in contract owners' equity   6,609,260,776   (5,306,254,410)   (33,970)   (116,940)   445,566   (674,609)   622,006   596,866
Contract owners' equity beginning of period   48,895,196,042   54,201,450,452   357,099   474,039   3,972,318   4,646,927   596,866   -
Contract owners' equity end of period $ 55,504,456,818   48,895,196,042   323,129   357,099   4,417,884   3,972,318   1,218,872   596,866
CHANGES IN UNITS:                                
Beginning units   3,251,297,853   3,312,790,557   24,863   30,764   139,338   151,189   78,022   -
Units purchased   545,542,130   471,155,538   12   1,645   3,676   18,845   79,128   85,638
Units redeemed   (627,696,805)   (532,648,242)   (5,766)   (7,546)   (15,633)   (30,696)   (18,789)   (7,616)
Ending units   3,169,143,178   3,251,297,853   19,109   24,863   127,381   139,338   138,361   78,022

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

 

    ALVDAA   ALVDAB   ALVSVA   ALVSVB
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
Net investment income (loss) $ 752   682   (4,426)   (42,489)   1,388   315   (1,268,791)   (1,520,376)
Realized gain (loss) on investments   371   187   123,805   276,971   (41,753)   47,775   (3,789,502)   439,725
Change in unrealized gain (loss)
on investments		   5,982   (5,073)   1,626,256   (1,693,655)   81,145   (231,135)   10,377,766   (25,096,329)
Reinvested capital gains   59   69   16,293   20,238   83,869   72,676   10,839,184   8,634,531
Net increase (decrease) in contract owners'
equity resulting from operations		   7,164   (4,135)   1,761,928   (1,438,935)   124,649   (110,369)   16,158,657   (17,542,449)
Equity transactions:                                
Purchase payments received from contract
owners (note 4)		   -   -   81,163   52,408   73,010   81,941   4,249,639   4,046,462
Transfers between funds   805   2,349   (250,118)   (559,040)   (144,068)   (83,099)   (1,087,700)   (3,511,982)
Redemptions (notes 2, 3 and 4)   (2,948)   (3,130)   (1,166,675)   (2,169,490)   (155,254)   (110,544)   (9,041,656)   (9,290,150)
Adjustments to maintain reserves   (1)   (13)   (174)   24   (25)   3   109   (235)
Net equity transactions   (2,144)   (793)   (1,335,804)   (2,676,098)   (226,337)   (111,699)   (5,879,608)   (8,755,906)
Net change in contract owners' equity   5,020   (4,928)   426,124   (4,115,033)   (101,688)   (222,068)   10,279,049   (26,298,355)
Contract owners' equity beginning of period   48,975   53,903   13,924,702   18,039,735   696,729   918,797   88,378,183   114,676,538
Contract owners' equity end of period $ 53,995   48,975   14,350,826   13,924,702   595,041   696,729   98,657,232   88,378,183
CHANGES IN UNITS:                                
Beginning units   4,197   4,267   1,218,690   1,435,565   46,638   52,066   2,480,515   2,686,124
Units purchased   96   196   28,796   38,288   11,562   17,230   451,892   245,058
Units redeemed   (263)   (266)   (136,560)   (255,163)   (24,933)   (22,658)   (598,138)   (450,667)
Ending units   4,030   4,197   1,110,926   1,218,690   33,267   46,638   2,334,269   2,480,515

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

 

    ALMCS   ARLPE3   AAEIP3   ACVIP1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
Net investment income (loss) $ (3,506)   (4,025)   (360)   -   281   301   39,101   39,724
Realized gain (loss) on investments   27,121   7,030   60   -   16   300   (1,890)   (26)
Change in unrealized gain (loss)
on investments		   28,498   (90,445)   19,067   -   3,451   (5,079)   107,557   (80,290)
Reinvested capital gains   36,993   54,815   734   -   -   -   -   -
Net increase (decrease) in contract owners'
equity resulting from operations		   89,106   (32,625)   19,501   -   3,748   (4,478)   144,768   (40,592)
Equity transactions:                                
Purchase payments received from contract
owners (note 4)		   -   -   -   50,000   -   -   113,025   379,493
Transfers between funds   (2,406)   5,587   -   -   996   (2,343)   77,307   101,573
Redemptions (notes 2, 3 and 4)   (96,820)   (25,448)   -   -   (256)   (293)   (20,775)   (35,644)
Adjustments to maintain reserves   7   (4)   -   3   (4)   5   (13)   6
Net equity transactions   (99,219)   (19,866)   -   50,003   736   (2,632)   169,544   445,427
Net change in contract owners' equity   (10,113)   (52,491)   19,501   50,003   4,484   (7,110)   314,312   404,835
Contract owners' equity beginning of period   323,749   376,240   50,003   -   18,486   25,596   1,567,758   1,162,923
Contract owners' equity end of period $ 313,636   323,749   69,504   50,003   22,970   18,486   1,882,070   1,567,758
CHANGES IN UNITS:                                
Beginning units   14,528   15,407   5,727   -   2,662   2,975   164,109   118,106
Units purchased   -   305   -   5,727   148   115   28,124   54,009
Units redeemed   (3,531)   (1,184)   -   -   (52)   (428)   (11,015)   (8,006)
Ending units   10,997   14,528   5,727   5,727   2,758   2,662   181,218   164,109

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

 

    ACVB   ACVCA   ACVIG   ACVIG2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
Net investment income (loss) $ 57,236   18,098   (423)   (406)   99,005   84,286   15,716   9,831
Realized gain (loss) on investments   1,032,579   1,248,626   439   725   747,998   790,680   104,491   209,046
Change in unrealized gain (loss)
on investments		   2,726,758   (2,785,551)   3,467   (2,256)   672,896   (3,106,831)   254,317   (774,609)
Reinvested capital gains   596,471   189,600   5,142   180   1,183,287   1,094,429   296,045   273,788
Net increase (decrease) in contract owners'
equity resulting from operations		   4,413,044   (1,329,227)   8,625   (1,757)   2,703,186   (1,137,436)   670,569   (281,944)
Equity transactions:                                
Purchase payments received from contract
owners (note 4)		   270,246   175,873   (2,747)   (363)   131,923   102,296   14,540   56,748
Transfers between funds   (328,394)   470,944   (2,669)   -   (322,475)   493,710   41,798   58,046
Redemptions (notes 2, 3 and 4)   (3,177,310)   (3,357,012)   3,231   (4,151)   (1,828,658)   (1,340,011)   (262,307)   (418,367)
Adjustments to maintain reserves   80   (167)   19   2,300   (32)   53   (33)   29
Net equity transactions   (3,235,378)   (2,710,362)   (2,166)   (2,214)   (2,019,242)   (743,953)   (206,002)   (303,545)
Net change in contract owners' equity   1,177,666   (4,039,589)   6,459   (3,971)   683,944   (1,881,389)   464,567   (585,489)
Contract owners' equity beginning of period   25,405,778   29,445,367   26,605   30,576   12,831,751   14,713,140   3,108,648   3,694,137
Contract owners' equity end of period $ 26,583,444   25,405,778   33,064   26,605   13,515,695   12,831,751   3,573,215   3,108,648
CHANGES IN UNITS:                                
Beginning units   685,780   753,983   -   -   578,960   610,024   113,996   124,007
Units purchased   17,935   35,053   (64)   -   20,725   44,837   4,298   5,890
Units redeemed   (97,393)   (103,256)   64   -   (100,911)   (75,901)   (10,916)   (15,901)
Ending units   606,322   685,780   -   -   498,774   578,960   107,378   113,996

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

 

    ACVIP2   ACVI   ACVMV1   ACVMV2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
Net investment income (loss) $ 1,615,794   2,901,475   (36)   (9)   86,999   19,616   516,439   (568,279)
Realized gain (loss) on investments   (7,344,659)   (7,207,810)   (45)   113   125,277   249,401   1,868,400   6,199,565
Change in unrealized gain (loss)
on investments		   20,172,194   (5,751,415)   1,228   (1,672)   1,219,366   (2,613,642)   17,862,198   (39,883,668)
Reinvested capital gains   -   -   342   493   1,106,312   756,816   16,631,278   10,516,053
Net increase (decrease) in contract owners'
equity resulting from operations		   14,443,329   (10,057,750)   1,489   (1,075)   2,537,954   (1,587,809)   36,878,315   (23,736,329)
Equity transactions:                                
Purchase payments received from contract
owners (note 4)		   4,734,622   8,018,377   850   697   149,699   243,946   5,719,305   8,618,834
Transfers between funds   (10,290,806)   8,366,599   -   -   (446,786)   (864,388)   (9,643,269)   (6,110,681)
Redemptions (notes 2, 3 and 4)   (22,735,145)   (24,475,142)   (1,383)   (1,508)   (1,183,247)   (965,710)   (13,820,215)   (15,344,337)
Adjustments to maintain reserves   (58)   110   14   (12)   (43)   25   190   (34)
Net equity transactions   (28,291,387)   (8,090,056)   (519)   (824)   (1,480,377)   (1,586,128)   (17,743,989)   (12,836,218)
Net change in contract owners' equity   (13,848,058)   (18,147,806)   970   (1,899)   1,057,577   (3,173,937)   19,134,326   (36,572,547)
Contract owners' equity beginning of period   211,114,700   229,262,506   6,179   8,078   9,772,736   12,946,673   141,824,493   178,397,040
Contract owners' equity end of period $ 197,266,642   211,114,700   7,149   6,179   10,830,313   9,772,736   160,958,819   141,824,493
CHANGES IN UNITS:                                
Beginning units   16,102,403   16,760,938   -   -   458,528   517,510   5,609,467   6,044,690
Units purchased   1,623,583   3,490,174   -   -   33,479   41,024   555,288   602,173
Units redeemed   (3,721,317)   (4,148,709)   -   -   (92,040)   (100,006)   (1,164,361)   (1,037,396)
Ending units   14,004,669   16,102,403   -   -   399,967   458,528   5,000,394   5,609,467

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

AMVCB4

 

AMVBC4

 

AMVI4

 

AMVGS4

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

2,913

 

1,485

 

7,176

 

1,443

 

3,536

 

1,476

 

(1,827)

 

(18)

Realized gain (loss) on investments

 

19

 

(61)

 

(8,346)

 

(4)

 

(1,229)

 

(21)

 

233

 

-

Change in unrealized gain (loss) on investments

 

17,979

 

(8,710)

 

37,753

 

(13,200)

 

74,566

 

(14,501)

 

63,210

 

540

Reinvested capital gains

 

-

 

-

 

36,940

 

-

 

13,775

 

-

 

10,790

 

-

Net increase (decrease) in contract owners’ equity resulting from operations

 

20,911

 

(7,286)

 

73,523

 

(11,761)

 

90,648

 

(13,046)

 

72,406

 

522

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

13,810

 

126,516

 

384,916

 

216,953

 

134,536

 

308,136

 

-

 

145,247

Transfers between funds

 

-

 

-

 

(83,330)

 

2,133

 

(56,374)

 

61,730

 

320,909

 

-

Redemptions (notes 2, 3 and 4)

 

(4,271)

 

(1,225)

 

(32,690)

 

-

 

-

 

-

 

-

 

-

Adjustments to maintain reserves

 

(7)

 

2

 

(5)

 

(2)

 

(9)

 

1

 

(3)

 

(8)

Net equity transactions

 

9,532

 

125,292

 

268,891

 

219,084

 

78,153

 

369,867

 

320,906

 

145,239

Net change in contract owners’ equity

 

30,443

 

118,006

 

342,414

 

207,323

 

168,801

 

356,821

 

393,312

 

145,761

Contract owners’ equity beginning of period

 

118,006

 

-

 

207,323

 

-

 

356,821

 

-

 

145,761

 

-

Contract owners’ equity end of period

$

148,449

 

118,006

 

549,737

 

207,323

 

525,622

 

356,821

 

539,073

 

145,761

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

12,383

 

-

 

22,264

 

-

 

41,884

 

-

 

16,712

 

-

Units purchased

 

1,345

 

12,508

 

37,771

 

22,264

 

14,396

 

41,884

 

30,663

 

16,712

Units redeemed

 

(410)

 

(125)

 

(11,065)

 

-

 

(5,693)

 

-

 

-

 

-

Ending units

 

13,318

 

12,383

 

48,970

 

22,264

 

50,587

 

41,884

 

47,375

 

16,712

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

AFGF

 

AFHY

 

AVPAP2

 

AFGC

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

(32,541)

 

(72,260)

 

24,794

 

25,228

 

5,784,153

 

(1,640,169)

 

5,486

 

4,623

Realized gain (loss) on investments

 

278,682

 

327,349

 

4,086

 

(12,047)

 

7,554,193

 

12,512,742

 

5,294

 

266

Change in unrealized gain (loss) on investments

 

1,287,502

 

(1,361,317)

 

20,068

 

(32,457)

 

64,583,504

 

(88,710,918)

 

15,891

 

(8,086)

Reinvested capital gains

 

1,052,808

 

1,083,012

 

-

 

-

 

31,194,882

 

30,232,133

 

-

 

-

Net increase (decrease) in contract owners’ equity resulting from operations

 

2,586,451

 

(23,216)

 

48,948

 

(19,276)

 

109,116,732

 

(47,606,212)

 

26,671

 

(3,197)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract owners (note 4)

 

9,631

 

5,250

 

2,460

 

4,135

 

3,850,569

 

5,563,251

 

490

 

594

Transfers between funds

 

(88,161)

 

-

 

57,298

 

8,508

 

(5,661,280)

 

(3,554,309)

 

(22,768)

 

-

Redemptions (notes 2, 3 and 4)

 

(902,662)

 

(1,493,953)

 

(13,518)

 

(348,341)

 

(53,769,934)

 

(64,390,413)

 

(47,142)

 

(35,647)

Adjustments to maintain reserves

 

(271)

 

(115)

 

(29)

 

(32)

 

(302)

 

40

 

114

 

27

Net equity transactions

 

(981,463)

 

(1,488,817)

 

46,211

 

(335,731)

 

(55,580,947)

 

(62,381,431)

 

(69,306)

 

(35,026)

Net change in contract owners’ equity

 

1,604,988

 

(1,512,033)

 

95,159

 

(355,007)

 

53,535,785

 

(109,987,643)

 

(42,635)

 

(38,223)

Contract owners’ equity beginning of period

 

9,262,157

 

10,774,190

 

408,370

 

763,377

 

698,288,757

 

808,276,400

 

646,379

 

684,602

Contract owners’ equity end of period

$

10,867,145

 

9,262,157

 

503,529

 

408,370

 

751,824,542

 

698,288,757

 

603,744

 

646,379

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

54,721

 

62,814

 

6,474

 

11,741

 

52,660,875

 

57,113,592

 

17,972

 

18,957

Units purchased

 

45

 

24

 

3,449

 

3,896

 

712,086

 

1,599,478

 

1,228

 

13

Units redeemed

 

(5,151)

 

(8,117)

 

(2,741)

 

(9,163)

 

(4,579,942)

 

(6,052,195)

 

(3,109)

 

(998)

Ending units

 

49,615

 

54,721

 

7,182

 

6,474

 

48,793,019

 

52,660,875

 

16,091

 

17,972

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

BRVED3

 

BRVHY3

 

BRVTR3

 

MLVGA3

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

781,577

 

538,348

 

1,553,903

 

1,344,330

 

3,993,879

 

2,888,280

 

(1,297,423)

 

(2,930,326)

Realized gain (loss) on investments

 

3,668,505

 

4,407,565

 

(112,894)

 

(1,024,322)

 

339,629

 

(295,238)

 

(2,037,524)

 

2,038,078

Change in unrealized gain (loss) on investments

 

31,158,239

 

(40,364,295)

 

2,986,344

 

(1,535,712)

 

18,085,961

 

(8,016,626)

 

38,288,560

 

(46,294,503)

Reinvested capital gains

 

15,581,116

 

16,298,658

 

-

 

-

 

1,220,830

 

-

 

12,719,919

 

15,092,560

Net increase (decrease) in contract owners’ equity resulting from operations

 

51,189,437

 

(19,119,724)

 

4,427,353

 

(1,215,704)

 

23,640,299

 

(5,423,584)

 

47,673,532

 

(32,094,191)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

2,196,798

 

3,463,338

 

4,012,858

 

4,765,863

 

53,225,836

 

61,131,513

 

4,826,980

 

9,388,774

Transfers between funds

 

670,756

 

(13,092,120)

 

22,865,181

 

(9,140,347)

 

(2,507,430)

 

4,698,357

 

(12,065,769)

 

(9,567,002)

Redemptions (notes 2, 3 and 4)

 

(13,040,932)

 

(10,595,381)

 

(4,252,330)

 

(2,680,187)

 

(15,392,639)

 

(11,077,540)

 

(25,960,964)

 

(27,826,074)

Adjustments to maintain reserves

 

(404)

 

92

 

51

 

73

 

(685)

 

110

 

324

 

11

Net equity transactions

 

(10,173,782)

 

(20,224,072)

 

22,625,760

 

(7,054,598)

 

35,325,082

 

54,752,440

 

(33,199,429)

 

(28,004,292)

Net change in contract owners’ equity

 

41,015,655

 

(39,343,796)

 

27,053,113

 

(8,270,302)

 

58,965,381

 

49,328,856

 

14,474,103

 

(60,098,483)

Contract owners’ equity beginning of period

 

201,419,396

 

240,763,192

 

22,913,395

 

31,183,697

 

297,633,981

 

248,305,125

 

315,865,407

 

375,963,890

Contract owners’ equity end of period

$

242,435,051

 

201,419,396

 

49,966,508

 

22,913,395

 

356,599,362

 

297,633,981

 

330,339,510

 

315,865,407

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

17,237,659

 

18,794,597

 

2,224,850

 

2,888,766

 

30,210,417

 

24,686,644

 

20,772,328

 

22,494,782

Units purchased

 

1,851,615

 

1,363,536

 

4,751,354

 

4,999,736

 

8,297,527

 

8,522,116

 

777,100

 

1,144,523

Units redeemed

 

(2,569,165)

 

(2,920,474)

 

(2,701,337)

 

(5,663,652)

 

(4,897,652)

 

(2,998,343)

 

(2,800,466)

 

(2,866,977)

Ending units

 

16,520,109

 

17,237,659

 

4,274,867

 

2,224,850

 

33,610,292

 

30,210,417

 

18,748,962

 

20,772,328

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

DVMCSS

 

DVSCS

 

DSIF

 

DSIFS

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

(377,026)

 

(441,136)

 

(378,098)

 

(521,491)

 

796,857

 

665,518

 

(10,809)

 

(129,502)

Realized gain (loss) on investments

 

(527,313)

 

(182,674)

 

1,870,302

 

4,740,391

 

10,795,996

 

12,264,225

 

10,093,791

 

10,675,558

Change in unrealized gain (loss) on investments

 

3,796,899

 

(9,294,649)

 

5,270,214

 

(15,917,127)

 

32,140,364

 

(29,584,102)

 

16,166,722

 

(21,362,236)

Reinvested capital gains

 

2,275,580

 

4,002,076

 

5,975,171

 

4,352,311

 

11,036,439

 

5,118,664

 

6,860,537

 

3,274,385

Net increase (decrease) in contract owners’ equity resulting from operations

 

5,168,140

 

(5,916,383)

 

12,737,589

 

(7,345,916)

 

54,769,656

 

(11,535,695)

 

33,110,241

 

(7,541,795)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

2,181,922

 

3,419,448

 

727,089

 

880,741

 

1,821,937

 

1,845,899

 

1,073,020

 

856,517

Transfers between funds

 

(320,658)

 

(2,412,706)

 

(731,981)

 

(158,078)

 

(3,921,658)

 

(3,557,544)

 

(5,030,114)

 

(7,050,018)

Redemptions (notes 2, 3 and 4)

 

(2,282,372)

 

(2,461,817)

 

(8,976,734)

 

(8,947,999)

 

(24,429,089)

 

(24,519,145)

 

(15,523,311)

 

(13,623,261)

Adjustments to maintain reserves

 

(43)

 

40

 

(511)

 

(73)

 

(2,467)

 

539

 

320

 

94

Net equity transactions

 

(421,151)

 

(1,455,036)

 

(8,982,137)

 

(8,225,410)

 

(26,531,277)

 

(26,230,252)

 

(19,480,085)

 

(19,816,669)

Net change in contract owners’ equity

 

4,746,989

 

(7,371,419)

 

3,755,452

 

(15,571,326)

 

28,238,379

 

(37,765,947)

 

13,630,156

 

(27,358,464)

Contract owners’ equity beginning of period

 

28,400,681

 

35,772,100

 

64,992,389

 

80,563,715

 

195,636,734

 

233,402,681

 

120,468,689

 

147,827,153

Contract owners’ equity end of period

$

33,147,670

 

28,400,681

 

68,747,841

 

64,992,389

 

223,875,113

 

195,636,734

 

134,098,845

 

120,468,689

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

2,557,928

 

2,675,080

 

1,815,204

 

2,016,378

 

3,296,757

 

3,700,488

 

4,135,263

 

4,741,553

Units purchased

 

378,657

 

457,139

 

145,078

 

228,828

 

57,670

 

60,251

 

228,217

 

237,751

Units redeemed

 

(410,169)

 

(574,291)

 

(371,668)

 

(430,002)

 

(439,381)

 

(463,982)

 

(794,287)

 

(844,041)

Ending units

 

2,526,416

 

2,557,928

 

1,588,614

 

1,815,204

 

2,915,046

 

3,296,757

 

3,569,193

 

4,135,263

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

DSRG

 

DCAP

 

DCAPS

 

DVDLS

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

52,860

 

171,748

 

(41,613)

 

(20,944)

 

(534,615)

 

(508,097)

 

(11,400)

 

(13,416)

Realized gain (loss) on investments

 

1,377,602

 

1,511,319

 

(89,538)

 

186,732

 

(2,399,278)

 

428,131

 

(20,724)

 

24,615

Change in unrealized gain (loss) on investments

 

7,455,471

 

(10,565,838)

 

4,699,214

 

(5,389,509)

 

18,278,513

 

(19,390,741)

 

23,735

 

(388,974)

Reinvested capital gains

 

1,178,797

 

6,984,593

 

2,863,406

 

3,218,564

 

10,390,499

 

12,286,830

 

162,387

 

166,236

Net increase (decrease) in contract owners’ equity resulting from operations

 

10,064,730

 

(1,898,178)

 

7,431,469

 

(2,005,157)

 

25,735,119

 

(7,183,877)

 

153,998

 

(211,539)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

216,926

 

215,004

 

227,218

 

277,822

 

774,157

 

881,738

 

1,374

 

1,091

Transfers between funds

 

(102,715)

 

(428,149)

 

(591,607)

 

(170,131)

 

(3,417,900)

 

(6,185,419)

 

(66,711)

 

54,468

Redemptions (notes 2, 3 and 4)

 

(3,669,305)

 

(3,688,123)

 

(2,463,890)

 

(1,522,521)

 

(10,792,495)

 

(11,202,466)

 

(45,985)

 

(42,229)

Adjustments to maintain reserves

 

210

 

(12)

 

(440)

 

(13)

 

117

 

(69)

 

(74)

 

(1)

Net equity transactions

 

(3,554,884)

 

(3,901,280)

 

(2,828,719)

 

(1,414,844)

 

(13,436,121)

 

(16,506,216)

 

(111,396)

 

13,328

Net change in contract owners’ equity

 

6,509,846

 

(5,799,458)

 

4,602,750

 

(3,420,001)

 

12,298,998

 

(23,690,093)

 

42,602

 

(198,211)

Contract owners’ equity beginning of period

 

32,282,527

 

38,081,985

 

22,808,676

 

26,228,677

 

79,876,330

 

103,566,423

 

797,671

 

995,882

Contract owners’ equity end of period

$

38,792,373

 

32,282,527

 

27,411,426

 

22,808,676

 

92,175,328

 

79,876,330

 

840,273

 

797,671

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

729,093

 

811,429

 

835,497

 

883,156

 

3,195,645

 

3,794,414

 

37,666

 

37,554

Units purchased

 

9,842

 

6,028

 

13,670

 

17,691

 

247,357

 

133,386

 

1,424

 

5,055

Units redeemed

 

(78,004)

 

(88,364)

 

(101,610)

 

(65,350)

 

(681,526)

 

(732,155)

 

(5,782)

 

(4,943)

Ending units

 

660,931

 

729,093

 

747,557

 

835,497

 

2,761,476

 

3,195,645

 

33,308

 

37,666

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

DGI

 

CHSMM

 

CLVHY2

 

DWVVLS

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

(33,475)

 

(75,628)

 

51,806

 

37,433

 

258,043

 

116,577

 

24,488

 

17,031

Realized gain (loss) on investments

 

710,612

 

763,346

 

-

 

-

 

(32,063)

 

(17,915)

 

20,077

 

9,773

Change in unrealized gain (loss) on investments

 

981,180

 

(2,654,626)

 

-

 

-

 

462,870

 

(259,535)

 

231,936

 

(229,654)

Reinvested capital gains

 

1,462,853

 

1,283,614

 

-

 

-

 

-

 

-

 

166,089

 

113,066

Net increase (decrease) in contract owners’ equity resulting from operations

 

3,121,170

 

(683,294)

 

51,806

 

37,433

 

688,850

 

(160,873)

 

442,590

 

(89,784)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

143,836

 

206,133

 

354,637

 

-

 

1,173,796

 

941,386

 

83,215

 

426,502

Transfers between funds

 

(343,645)

 

(173,607)

 

350,926

 

1,635,188

 

7,028,508

 

512,113

 

(119,935)

 

543,622

Redemptions (notes 2, 3 and 4)

 

(1,245,027)

 

(1,589,835)

 

(452,502)

 

(1,519,027)

 

(524,344)

 

(159,782)

 

(88,082)

 

(79,309)

Adjustments to maintain reserves

 

21

 

(81)

 

131

 

(321)

 

(88)

 

(7)

 

24

 

(21)

Net equity transactions

 

(1,444,815)

 

(1,557,391)

 

253,192

 

115,840

 

7,677,872

 

1,293,711

 

(124,778)

 

890,794

Net change in contract owners’ equity

 

1,676,355

 

(2,240,685)

 

304,998

 

153,273

 

8,366,722

 

1,132,838

 

317,812

 

801,010

Contract owners’ equity beginning of period

 

11,876,919

 

14,117,604

 

5,092,814

 

4,939,541

 

2,889,165

 

1,756,327

 

2,361,387

 

1,560,377

Contract owners’ equity end of period

$

13,553,274

 

11,876,919

 

5,397,812

 

5,092,814

 

11,255,887

 

2,889,165

 

2,679,199

 

2,361,387

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

442,636

 

494,849

 

514,302

 

503,857

 

299,403

 

172,298

 

145,302

 

92,725

Units purchased

 

6,680

 

17,985

 

328,768

 

525,539

 

1,238,925

 

171,486

 

8,803

 

63,557

Units redeemed

 

(52,962)

 

(70,198)

 

(303,689)

 

(515,094)

 

(523,306)

 

(44,381)

 

(15,631)

 

(10,980)

Ending units

 

396,354

 

442,636

 

539,381

 

514,302

 

1,015,022

 

299,403

 

138,474

 

145,302

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

DWVSVS

 

ETVFR

 

FVU2S

 

FQB

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

(446,215)

 

(605,644)

 

2,007,350

 

1,499,161

 

2,828

 

(2,689)

 

81,334

 

98,361

Realized gain (loss) on investments

 

779,641

 

827,868

 

58,158

 

651,715

 

57

 

(65)

 

(22,885)

 

(64,112)

Change in unrealized gain (loss) on investments

 

7,604,064

 

(15,227,262)

 

1,839,155

 

(3,696,557)

 

87,285

 

(46,762)

 

317,598

 

(149,281)

Reinvested capital gains

 

4,715,968

 

4,256,704

 

-

 

-

 

-

 

-

 

190

 

-

Net increase (decrease) in contract owners’ equity resulting from operations

 

12,653,458

 

(10,748,334)

 

3,904,663

 

(1,545,681)

 

90,170

 

(49,516)

 

376,237

 

(115,032)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

5,848,265

 

6,000,712

 

4,350,576

 

11,478,732

 

2,494

 

1,525

 

20,562

 

37,690

Transfers between funds

 

(2,277,936)

 

(3,965,886)

 

(7,616,127)

 

14,604,066

 

19,873

 

580,581

 

(21,742)

 

(250,863)

Redemptions (notes 2, 3 and 4)

 

(4,624,912)

 

(3,675,281)

 

(6,436,803)

 

(5,711,864)

 

(27,079)

 

(37,062)

 

(546,431)

 

(762,288)

Adjustments to maintain reserves

 

(460)

 

16

 

8,624

 

(10,055)

 

(32)

 

28

 

(52)

 

5

Net equity transactions

 

(1,055,043)

 

(1,640,440)

 

(9,693,730)

 

20,360,879

 

(4,744)

 

545,072

 

(547,663)

 

(975,456)

Net change in contract owners’ equity

 

11,598,415

 

(12,388,774)

 

(5,789,067)

 

18,815,198

 

85,426

 

495,556

 

(171,426)

 

(1,090,488)

Contract owners’ equity beginning of period

 

48,439,903

 

60,828,677

 

74,687,662

 

55,872,464

 

495,556

 

-

 

4,947,178

 

6,037,666

Contract owners’ equity end of period

$

60,038,318

 

48,439,903

 

68,898,595

 

74,687,662

 

580,982

 

495,556

 

4,775,752

 

4,947,178

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

3,576,288

 

3,677,512

 

7,168,898

 

5,278,077

 

54,758

 

-

 

311,338

 

372,687

Units purchased

 

1,114,377

 

748,972

 

1,523,616

 

3,954,744

 

2,565

 

58,491

 

18,867

 

14,527

Units redeemed

 

(1,173,235)

 

(850,196)

 

(2,417,523)

 

(2,063,923)

 

(3,012)

 

(3,733)

 

(51,759)

 

(75,876)

Ending units

 

3,517,430

 

3,576,288

 

6,274,991

 

7,168,898

 

54,311

 

54,758

 

278,446

 

311,338

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

FQBS

 

FEMS2

 

FC2

 

FEIP

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

200,088

 

248,814

 

(1,908)

 

3,044

 

(25,755)

 

-

 

1,692,492

 

2,430,050

Realized gain (loss) on investments

 

(46,863)

 

(206,676)

 

318,771

 

(1,665)

 

6,264

 

-

 

(287,123)

 

(2,461,075)

Change in unrealized gain (loss) on investments

 

1,022,190

 

(464,573)

 

751,782

 

(264,336)

 

712,851

 

-

 

41,589,850

 

(39,778,728)

Reinvested capital gains

 

625

 

-

 

-

 

-

 

-

 

-

 

17,158,685

 

13,534,654

Net increase (decrease) in contract owners’ equity resulting from operations

 

1,176,040

 

(422,435)

 

1,068,645

 

(262,957)

 

693,360

 

-

 

60,153,904

 

(26,275,099)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

23,521

 

107,692

 

2,103,423

 

1,212,902

 

6,486,940

 

-

 

1,881,713

 

3,164,930

Transfers between funds

 

(285,597)

 

(640,694)

 

2,385,232

 

1,783,483

 

3,983,586

 

-

 

(4,812,294)

 

(5,826,018)

Redemptions (notes 2, 3 and 4)

 

(1,387,888)

 

(1,881,553)

 

(302,829)

 

(30,014)

 

(80,413)

 

-

 

(27,936,449)

 

(32,592,694)

Adjustments to maintain reserves

 

(141)

 

(45)

 

(109)

 

(26)

 

(51)

 

-

 

(220)

 

1,281

Net equity transactions

 

(1,650,105)

 

(2,414,600)

 

4,185,717

 

2,966,345

 

10,390,062

 

-

 

(30,867,250)

 

(35,252,501)

Net change in contract owners’ equity

 

(474,065)

 

(2,837,035)

 

5,254,362

 

2,703,388

 

11,083,422

 

-

 

29,286,654

 

(61,527,600)

Contract owners’ equity beginning of period

 

16,238,610

 

19,075,645

 

2,703,388

 

-

 

-

 

-

 

245,903,463

 

307,431,063

Contract owners’ equity end of period

$

15,764,545

 

16,238,610

 

7,957,750

 

2,703,388

 

11,083,422

 

-

 

275,190,117

 

245,903,463

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

1,167,224

 

1,339,808

 

328,114

 

-

 

-

 

-

 

3,475,394

 

3,943,755

Units purchased

 

47,214

 

46,209

 

1,258,556

 

345,624

 

280,639

 

-

 

32,202

 

44,825

Units redeemed

 

(160,178)

 

(218,793)

 

(827,640)

 

(17,510)

 

(8,815)

 

-

 

(428,437)

 

(513,186)

Ending units

 

1,054,260

 

1,167,224

 

759,030

 

328,114

 

271,824

 

-

 

3,079,159

 

3,475,394

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

FVSS2

 

FHIP

 

FAMP

 

FB2

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

67

 

(41,456)

 

1,394,752

 

1,659,432

 

342,851

 

275,552

 

1,558,145

 

96,718

Realized gain (loss) on investments

 

289,174

 

332,339

 

(393,199)

 

(147,736)

 

181,209

 

(709,692)

 

1,195,420

 

1,118,749

Change in unrealized gain (loss) on investments

 

621,534

 

(1,642,487)

 

3,765,049

 

(3,327,761)

 

9,212,432

 

(8,812,378)

 

77,730,304

 

(44,377,897)

Reinvested capital gains

 

488,669

 

262,800

 

-

 

-

 

3,731,035

 

3,209,936

 

21,546,765

 

17,121,835

Net increase (decrease) in contract owners’ equity resulting from operations

 

1,399,444

 

(1,088,804)

 

4,766,602

 

(1,816,065)

 

13,467,527

 

(6,036,582)

 

102,030,634

 

(26,040,595)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

96,782

 

32,449

 

555,725

 

663,470

 

571,281

 

924,400

 

138,155,428

 

111,858,100

Transfers between funds

 

(65,388)

 

(174,090)

 

(25,113)

 

(713,776)

 

(696,858)

 

(1,238,192)

 

25,217,414

 

17,411,622

Redemptions (notes 2, 3 and 4)

 

(920,819)

 

(459,049)

 

(4,488,734)

 

(5,664,600)

 

(10,186,594)

 

(11,708,861)

 

(21,606,372)

 

(14,346,905)

Adjustments to maintain reserves

 

(42)

 

135

 

(19)

 

(72)

 

(619)

 

139

 

1,227

 

(1,450)

Net equity transactions

 

(889,467)

 

(600,555)

 

(3,958,141)

 

(5,714,979)

 

(10,312,790)

 

(12,022,513)

 

141,767,697

 

114,921,367

Net change in contract owners’ equity

 

509,977

 

(1,689,359)

 

808,461

 

(7,531,044)

 

3,154,737

 

(18,059,095)

 

243,798,331

 

88,880,772

Contract owners’ equity beginning of period

 

4,703,409

 

6,392,768

 

36,325,427

 

43,856,471

 

84,578,726

 

102,637,821

 

397,518,598

 

308,637,826

Contract owners’ equity end of period

$

5,213,386

 

4,703,409

 

37,133,888

 

36,325,427

 

87,733,463

 

84,578,726

 

641,316,929

 

397,518,598

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

151,463

 

167,647

 

1,021,563

 

1,174,888

 

1,862,553

 

2,119,632

 

35,320,687

 

25,845,784

Units purchased

 

7,398

 

2,686

 

80,640

 

101,970

 

16,072

 

32,076

 

14,636,901

 

12,130,249

Units redeemed

 

(31,957)

 

(18,870)

 

(189,594)

 

(255,295)

 

(225,886)

 

(289,155)

 

(3,422,206)

 

(2,655,346)

Ending units

 

126,904

 

151,463

 

912,609

 

1,021,563

 

1,652,739

 

1,862,553

 

46,535,382

 

35,320,687

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

FNRS2

 

FEI2

 

FF10S

 

FF10S2

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income (loss)

$

115,141

 

(811,236)

 

735,428

 

1,426,060

 

32,723

 

7,996

 

1,139,449

 

(206,607)

Realized gain (loss) on investments

 

(5,619,277)

 

(25,823)

 

4,361,002

 

5,139,766

 

20,246

 

45,923

 

3,214,681

 

5,460,195

Change in unrealized gain (loss) on investments

 

10,378,292

 

(20,975,884)

 

40,048,524

 

(49,613,070)

 

400,445

 

(443,305)

 

17,556,636

 

(26,102,773)

Reinvested capital gains

 

42,282

 

83,754

 

19,123,335

 

14,100,291

 

201,406

 

135,453

 

10,164,867

 

7,001,858

Net increase (decrease) in contract owners’ equity resulting from operations

 

4,916,438

 

(21,729,189)

 

64,268,289

 

(28,946,953)

 

654,820

 

(253,933)

 

32,075,633

 

(13,847,327)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase payments received from contract owners (note 4)

 

3,047,920

 

4,026,524

 

12,034,054

 

13,592,671

 

44,106

 

62,426

 

12,869,654

 

9,521,640

Transfers between funds

 

(1,379,579)

 

91,368

 

(7,908,080)

 

(7,598,687)

 

127,427

 

339,387

 

11,270,056

 

1,817,392

Redemptions (notes 2, 3 and 4)

 

(7,046,678)

 

(9,016,858)

 

(29,592,328)

 

(24,940,460)

 

(257,892)

 

(604,627)

 

(24,077,768)

 

(22,756,523)

Adjustments to maintain reserves

 

546

 

(868)

 

(857)

 

850

 

(92)

 

(805)

 

(171)

 

203

Net equity transactions

 

(5,377,791)

 

(4,899,834)

 

(25,467,211)

 

(18,945,626)

 

(86,451)

 

(203,618)

 

61,771

 

(11,417,288)

Net change in contract owners’ equity

 

(461,353)

 

(26,629,023)

 

38,801,078

 

(47,892,579)

 

568,369

 

(457,551)

 

32,137,404

 

(25,264,615)

Contract owners’ equity beginning of period

 

61,660,616

 

88,289,639

 

263,063,000

 

310,955,579

 

4,451,599

 

4,909,150

 

229,569,311

 

254,833,926

Contract owners’ equity end of period

$

61,199,263

 

61,660,616

 

301,864,078

 

263,063,000

 

5,019,968

 

4,451,599

 

261,706,715

 

229,569,311

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning units

 

5,084,672

 

5,387,615

 

10,753,975

 

11,450,750

 

290,998

 

300,966

 

14,151,513

 

14,831,606

Units purchased

 

836,577

 

6,618,436

 

1,129,697

 

951,630

 

27,445

 

35,212

 

1,851,400

 

1,274,206

Units redeemed

 

(1,269,554)

 

(6,921,379)

 

(2,027,006)

 

(1,648,405)

 

(31,804)

 

(45,180)

 

(1,883,163)

 

(1,954,299)

Ending units

 

4,651,695

 

5,084,672

 

9,856,666

 

10,753,975

 

286,639

 

290,998

 

14,119,750

 

14,151,513

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

                                 
    FF20S   FF20S2   FF30S   FF30S2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 45,728   8,956   1,191,560   (1,050,146)   80,399   (11,834)   95,768   (371,147)
  Realized gain (loss) on investments   102,549   344,974   10,103,519   15,114,450   363,304   621,571   642,056   1,403,270

  Change in unrealized gain (loss) on investments 

   850,711   (1,352,360)   33,431,865   (60,188,294)   1,629,073   (2,131,261)   9,986,751   (9,147,520)
  Reinvested capital gains   492,601   308,057   22,189,642   14,371,284   424,168   342,307   2,342,284   1,773,016

Net increase (decrease) in contract owners' equity resulting from operations 

   1,491,589   (690,373)   66,916,586   (31,752,706)   2,496,944   (1,179,217)   13,066,859   (6,342,381)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   250,743   184,722   4,358,055   4,850,225   757,846   925,011   4,902,139   3,969,084
  Transfers between funds   146,441   900,717   (717,213)   (9,066,291)   366,010   36,865   520,483   (1,402,694)
  Redemptions (notes 2, 3 and 4)   (2,114,725)   (1,092,601)   (46,742,011)   (46,183,840)   (1,303,919)   (1,841,177)   (7,184,811)   (7,439,666)
  Adjustments to maintain reserves   (64)   22   (16)   414   1   (17)   (336)   142
    Net equity transactions   (1,717,605)   (7,140)   (43,101,185)   (50,399,492)   (180,062)   (879,318)   (1,762,525)   (4,873,133)
Net change in contract owners' equity   (226,016)   (697,513)   23,815,401   (82,152,198)   2,316,882   (2,058,535)   11,304,334   (11,215,514)
Contract owners' equity beginning of period   8,772,921   9,470,434   384,341,719   466,493,917   11,335,210   13,393,745   59,876,306   71,091,820
Contract owners' equity end of period $ 8,546,905   8,772,921   408,157,120   384,341,719   13,652,092   11,335,210   71,180,640   59,876,306
CHANGES IN UNITS:                                
  Beginning units   567,701   568,630   22,418,899   25,198,593   707,650   760,388   3,356,498   3,607,721
  Units purchased   39,661   100,860   1,022,265   873,369   96,957   92,356   373,317   364,619
  Units redeemed   (140,421)   (101,789)   (3,327,547)   (3,653,063)   (110,340)   (145,094)   (474,210)   (615,842)
  Ending units   466,941   567,701   20,113,617   22,418,899   694,267   707,650   3,255,605   3,356,498

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    FGI2   FGP   FG2   FIGBS
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 8,272,130   (3,658,480)   (4,168,574)   (4,368,236)   (5,924,342)   (5,948,665)   185,413   129,761
  Realized gain (loss) on investments   1,230,094   3,872,401   31,640,192   29,599,018   6,112,922   14,118,539   16,513   (199,311)

  Change in unrealized gain (loss) on investments 

   58,950,274   (49,791,435)   56,539,514   (82,860,360)   81,987,671   (66,693,541)   795,511   (286,813)
  Reinvested capital gains   31,114,208   15,255,804   24,159,048   55,285,394   24,651,354   51,928,807   -   83,100

Net increase (decrease) in contract owners' equity resulting from operations 

   99,566,706   (34,321,710)   108,170,180   (2,344,184)   106,827,605   (6,594,860)   997,437   (273,263)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   111,327,713   91,715,624   3,255,207   4,816,054   30,514,729   30,284,344   192,959   258,381
  Transfers between funds   27,321,875   (8,428,242)   (5,074,480)   (2,760,126)   (11,164,255)   (20,046,126)   2,289,414   63,689
  Redemptions (notes 2, 3 and 4)   (14,420,418)   (10,522,400)   (39,481,277)   (40,526,034)   (39,725,779)   (26,874,922)   (1,597,976)   (1,726,094)
  Adjustments to maintain reserves   5,141   (35,799)   490   809   (973)   903   588   (31)
Net equity transactions   124,234,311   72,729,183   (41,300,060)   (38,469,297)   (20,376,278)   (16,635,802)   884,985   (1,404,054)
Net change in contract owners' equity   223,801,017   38,407,473   66,870,120   (40,813,481)   86,451,327   (23,230,662)   1,882,422   (1,677,317)
Contract owners' equity beginning of period   302,916,510   264,509,037   346,816,092   387,629,573   340,403,292   363,633,954   12,148,683   13,826,000
Contract owners' equity end of period $ 526,717,527   302,916,510   413,686,212   346,816,092   426,854,619   340,403,292   14,031,105   12,148,683
CHANGES IN UNITS:                                
  Beginning units   26,122,667   20,434,676   3,027,532   3,340,796   10,652,368   11,129,767   827,555   923,643
  Units purchased   13,586,112   8,693,610   42,988   93,834   1,898,725   2,325,940   223,214   80,710
  Units redeemed   (4,200,212)   (3,005,619)   (343,318)   (407,098)   (2,432,707)   (2,803,339)   (165,866)   (176,798)
  Ending units   35,508,567   26,122,667   2,727,202   3,027,532   10,118,386   10,652,368   884,903   827,555

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    FIGBP2   FMCS   FMC2   FOP
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 9,392,999   6,092,097   (88,717)   (146,225)   (2,048,750)   (3,108,389)   185,981   97,501
  Realized gain (loss) on investments   (1,833,859)   (423,542)   16,259   277,996   132,747   6,906,338   264,456   583,232

  Change in unrealized gain (loss) on investments 

   46,333,027   (22,436,181)   1,429,815   (4,648,257)   19,921,547   (67,955,807)   9,153,417   (9,512,953)
  Reinvested capital gains   -   3,764,870   1,844,366   1,649,105   27,098,459   24,078,372   1,802,471   -

Net increase (decrease) in contract owners' equity resulting from operations 

   53,892,167   (13,002,756)   3,201,723   (2,867,381)   45,104,003   (40,079,486)   11,406,325   (8,832,220)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   132,763,863   104,705,171   328,352   357,970   2,308,149   2,745,048   395,313   496,135
  Transfers between funds   11,953,340   30,211,044   (438,821)   (159,920)   2,963,502   (10,241,755)   (574,556)   (573,300)
  Redemptions (notes 2, 3 and 4)   (44,651,860)   (44,401,048)   (1,817,718)   (1,625,120)   (25,682,161)   (27,368,233)   (4,721,758)   (5,170,902)
  Adjustments to maintain reserves   139   378,319   (12)   115   (651)   619   (562)   721
Net equity transactions   100,065,482   90,893,487   (1,928,199)   (1,426,955)   (20,411,161)   (34,864,320)   (4,901,563)   (5,247,347)
Net change in contract owners' equity   153,957,649   77,890,731   1,273,524   (4,294,336)   24,692,842   (74,943,806)   6,504,762   (14,079,567)
Contract owners' equity beginning of period   661,045,191   583,154,460   15,327,830   19,622,166   210,677,691   285,621,497   45,749,053   59,828,620
Contract owners' equity end of period $ 815,002,840   661,045,191   16,601,354   15,327,830   235,370,533   210,677,691   52,253,815   45,749,053
CHANGES IN UNITS:                                
  Beginning units   45,562,385   39,490,721   857,905   925,175   5,517,742   6,276,254   1,502,540   1,652,970
  Units purchased   13,922,740   11,416,148   23,514   40,715   657,473   220,584   23,245   28,094
  Units redeemed   (7,565,731)   (5,344,484)   (118,209)   (107,985)   (1,101,546)   (979,096)   (165,712)   (178,524)
  Ending units   51,919,394   45,562,385   763,210   857,905   5,073,669   5,517,742   1,360,073   1,502,540

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    FO2   FVSS   FRESS2   FTVIS2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (53,347)   (185,494)   8,454   (19,852)   10,330   77,301   8,797,574   7,851,291
  Realized gain (loss) on investments   527,688   1,128,172   141,326   197,080   613,503   (97,554)   418,114   3,671,899

  Change in unrealized gain (loss) on investments 

   17,367,722   (17,141,232)   535,939   (1,148,924)   616,391   (447,000)   17,919,804   (25,548,526)
  Reinvested capital gains   3,542,648   -   370,679   194,281   119,367   134,840   3,796,198   -

Net increase (decrease) in contract owners' equity resulting from operations 

   21,384,711   (16,198,554)   1,056,398   (777,415)   1,359,591   (332,413)   30,931,690   (14,025,336)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   4,979,850   7,061,714   36,299   29,638   2,800,441   1,623,592   7,134,017   8,904,876
  Transfers between funds   (5,116,469)   2,097,976   (106,393)   (176,921)   1,034,777   1,497,191   (8,371,904)   (10,914,189)
  Redemptions (notes 2, 3 and 4)   (8,761,465)   (9,250,324)   (504,069)   (318,355)   (729,367)   (257,655)   (20,732,607)   (23,091,663)
  Adjustments to maintain reserves   (1,005)   861   (104)   (21)   (111)   (38)   21   (74)
Net equity transactions   (8,899,089)   (89,773)   (574,267)   (465,659)   3,105,740   2,863,090   (21,970,473)   (25,101,050)

 

Net change in contract owners' equity   12,485,622   (16,288,327)   482,131   (1,243,074)   4,465,331   2,530,677   8,961,217   (39,126,386)
Contract owners' equity beginning of period   85,123,098   101,411,425   3,400,823   4,643,897   4,725,026   2,194,349   225,408,877   264,535,263
Contract owners' equity end of period $ 97,608,720   85,123,098   3,882,954   3,400,823   9,190,357   4,725,026   234,370,094   225,408,877
CHANGES IN UNITS:                                
  Beginning units   3,960,462   3,943,518   152,249   169,584   412,769   175,387   14,462,828   16,047,838
  Units purchased   512,929   777,969   17,775   4,368   864,013   333,010   1,209,923   1,609,945
  Units redeemed   (849,688)   (761,025)   (39,027)   (21,703)   (609,945)   (95,628)   (2,510,195)   (3,194,955)
  Ending units   3,623,703   3,960,462   130,997   152,249   666,837   412,769   13,162,556   14,462,828

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018

 

    FTVRD2   FTVSV2   FTVMD2   FTVDM2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (73,670)   (71,591)   (331,083)   (528,940)   15,067   23,511   (40,416)   (66,774)
  Realized gain (loss) on investments   1,876,192   2,444,711   (6,881,550)   2,882,734   (35,391)   (7,094)   131,287   (107,114)

  Change in unrealized gain (loss) on investments 

   1,028,864   (6,696,720)   11,151,631   (27,725,338)   160,573   (175,665)   1,958,989   (1,878,357)
  Reinvested capital gains   5,242,003   2,186,578   12,970,972   13,498,029   130,381   15,296   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   8,073,389   (2,137,022)   16,909,970   (11,873,515)   270,630   (143,952)   2,049,860   (2,052,245)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   142,778   519,242   439,586   517,193   131,769   94,904   81,300   132,680
  Transfers between funds   (1,265,188)   (610,271)   (1,351,421)   (3,194,060)   (45,630)   68,524   (292,128)   (2,144,714)
  Redemptions (notes 2, 3 and 4)   (3,756,813)   (3,547,719)   (8,868,280)   (11,332,861)   (58,088)   (13,887)   (816,812)   (1,984,985)
  Adjustments to maintain reserves   53   59   (28)   (28)   4   6   (195)   27
Net equity transactions   (4,879,170)   (3,638,689)   (9,780,143)   (14,009,757)   28,055   149,547   (1,027,835)   (3,996,993)
Net change in contract owners' equity   3,194,219   (5,775,711)   7,129,827   (25,883,272)   298,685   5,595   1,022,025   (6,049,238)
Contract owners' equity beginning of period   31,173,227   36,948,938   71,704,660   97,587,932   1,125,008   1,119,413   8,750,560   14,799,798
Contract owners' equity end of period $ 34,367,446   31,173,227   78,834,487   71,704,660   1,423,693   1,125,008   9,772,585   8,750,560
CHANGES IN UNITS:                                
  Beginning units   1,023,109   1,134,416   2,065,774   2,409,787   90,901   79,914   889,456   1,248,611
  Units purchased   18,544   49,477   167,079   103,738   14,839   12,936   84,418   78,498
  Units redeemed   (156,908)   (160,784)   (413,179)   (447,751)   (12,803)   (1,949)   (178,037)   (437,653)
  Ending units   884,745   1,023,109   1,819,674   2,065,774   92,937   90,901   795,837   889,456

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018

 

    TIF2   FTVGI2   FTVFA2   FTVSI2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 65,863   384,443   5,750,920   (1,810,659)   1,596,086   1,311,414   69,125   28,070
  Realized gain (loss) on investments   (1,312,523)   (1,089,557)   (1,876,271)   (1,945,731)   (1,099,522)   363,722   (743)   (4,219)

  Change in unrealized gain (loss) on investments 

   3,849,551   (5,020,502)   (3,306,061)   4,193,318   7,814,328   (14,122,207)   28,316   (46,307)
  Reinvested capital gains   288,506   -   -   -   5,567,784   2,282,402   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   2,891,397   (5,725,616)   568,588   436,928   13,878,676   (10,164,669)   96,698   (22,456)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   120,907   255,695   1,864,745   4,545,353   3,133,185   3,678,415   -   102
  Transfers between funds   742,839   646,914   (3,481,159)   (1,665,736)   (1,514,091)   (6,024,110)   263,985   656,070
  Redemptions (notes 2, 3 and 4)   (3,085,813)   (5,035,008)   (9,259,359)   (11,963,722)   (8,166,311)   (8,967,104)   (26,401)   (24,251)
  Adjustments to maintain reserves   (324)   (50)   (50)   (28)   164   68   (11)   (2)
Net equity transactions   (2,222,391)   (4,132,449)   (10,875,823)   (9,084,133)   (6,547,053)   (11,312,730)   237,573   631,919
Net change in contract owners' equity   669,006   (9,858,065)   (10,307,235)   (8,647,205)   7,331,623   (21,477,399)   334,271   609,463
Contract owners' equity beginning of period   27,658,651   37,516,716   109,604,497   118,251,702   79,605,946   101,083,345   1,183,956   574,493
Contract owners' equity end of period $ 28,327,657   27,658,651   99,297,262   109,604,497   86,937,569   79,605,946   1,518,227   1,183,956
CHANGES IN UNITS:                                
  Beginning units   1,368,003   1,553,378   11,681,077   12,642,442   6,404,078   7,228,922   112,176   53,163
  Units purchased   96,404   87,970   830,317   1,504,980   414,497   504,575   24,140   63,085
  Units redeemed   (199,264)   (273,345)   (1,968,998)   (2,466,345)   (896,032)   (1,329,419)   (2,620)   (4,072)
  Ending units   1,265,143   1,368,003   10,542,396   11,681,077   5,922,543   6,404,078   133,696   112,176

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018

 

    GVMSAS   GVSSCS   GVGMNS   RSRF
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 28,628   8,261   (1,784)   (939)   (19,536)   (92,856)   11   (13)
  Realized gain (loss) on investments   99   (23)   (81,869)   6,749   114,046   100,624   (43)   (4)

  Change in unrealized gain (loss) on investments 

   18,113   (23,081)   225,568   (238,281)   498,807   (867,957)   342   (1,169)
  Reinvested capital gains   -   -   11,266   122,204   437,634   187,052   -   785

Net increase (decrease) in contract owners' equity resulting from operations 

   46,840   (14,843)   153,181   (110,267)   1,030,951   (673,137)   310   (401)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   339,886   379,442   39,328   115,835   101,290   549,220   -   5,646
  Transfers between funds   834,670   66,924   (204,957)   280,065   (1,579,720)   2,182,867   657   (10)
  Redemptions (notes 2, 3 and 4)   (27,188)   (330)   (169,368)   (155,196)   (812,029)   (651,391)   -   -
  Adjustments to maintain reserves   (22)   (7)   5   3   (158)   19   2   (1)
Net equity transactions   1,147,346   446,030   (334,992)   240,707   (2,290,617)   2,080,714   659   5,634
Net change in contract owners' equity   1,194,186   431,187   (181,811)   130,440   (1,259,666)   1,407,577   969   5,233
Contract owners' equity beginning of period   431,187   -   725,767   595,327   11,743,331   10,335,754   5,233   -
Contract owners' equity end of period $ 1,625,373   431,187   543,956   725,767   10,483,665   11,743,331   6,202   5,233
CHANGES IN UNITS:                                
  Beginning units   45,915   -   45,953   34,198   1,013,151   837,816   565   -
  Units purchased   118,159   45,950   5,594   23,441   42,841   269,929   90   566
  Units redeemed   (2,763)   (35)   (23,724)   (11,686)   (237,182)   (94,594)   (18)   (1)
  Ending units   161,311   45,915   27,823   45,953   818,810   1,013,151   637   565

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    RVARS   ACEG2   IVMCC2   IVKMG2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 99,875   (255,873)   (67,260)   (74,972)   (210,144)   (233,118)   (222,393)   (245,791)
  Realized gain (loss) on investments   86,467   79,142   163,904   351,568   (527,815)   (277,852)   (15,024)   1,166,673

  Change in unrealized gain (loss) on investments 

   284,904   (897,021)   563,225   (796,498)   2,095,074   (3,593,695)   2,204,699   (3,618,568)
  Reinvested capital gains   -   -   683,909   321,677   1,579,235   2,162,694   2,168,599   1,751,094

Net increase (decrease) in contract owners' equity resulting from operations 

   471,246   (1,073,752)   1,343,778   (198,225)   2,936,350   (1,941,971)   4,135,881   (946,592)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   86,385   713,819   14,648   65,315   23,338   161,979   95,346   160,844
  Transfers between funds   (245,460)   (335,654)   (90,376)   (633,664)   (2,887)   17,087   (402,006)   (855,811)
  Redemptions (notes 2, 3 and 4)   (1,066,594)   (967,280)   (556,007)   (750,860)   (755,604)   (887,266)   (1,962,485)   (2,160,826)
  Adjustments to maintain reserves   (224)   (9)   (121)   (5)   (308)   35   (289)   (14)
Net equity transactions   (1,225,893)   (589,124)   (631,856)   (1,319,214)   (735,461)   (708,165)   (2,269,434)   (2,855,807)
Net change in contract owners' equity   (754,647)   (1,662,876)   711,922   (1,517,439)   2,200,889   (2,650,136)   1,866,447   (3,802,399)
Contract owners' equity beginning of period   14,642,962   16,305,838   4,025,895   5,543,334   12,802,342   15,452,478   13,087,812   16,890,211
Contract owners' equity end of period $ 13,888,315   14,642,962   4,737,817   4,025,895   15,003,231   12,802,342   14,954,259   13,087,812
CHANGES IN UNITS:                                
  Beginning units   1,539,831   1,600,038   231,155   301,486   968,161   1,015,428   856,633   1,025,694
  Units purchased   97,764   168,992   26,065   46,661   72,379   67,119   126,620   79,246
  Units redeemed   (225,221)   (229,199)   (55,130)   (116,992)   (116,621)   (114,386)   (242,886)   (248,307)
  Ending units   1,412,374   1,539,831   202,090   231,155   923,919   968,161   740,367   856,633

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018

 

    IVBRA1   OVIGS   OVMS   OVB
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (918)   2,436   (474,865)   (575,163)   213,609   160,919   324,766   348,925
  Realized gain (loss) on investments   (6,584)   (2,007)   323,135   760,227   (88,918)   (137,327)   145,032   (318,003)

  Change in unrealized gain (loss) on investments 

   34,988   (32,843)   10,222,603   (13,708,613)   2,977,265   (2,290,706)   780,631   (477,006)
  Reinvested capital gains   -   18,821   2,694,175   1,042,662   374,032   601,271   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   27,486   (13,593)   12,765,048   (12,480,887)   3,475,988   (1,665,843)   1,250,429   (446,084)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   -   47,502   4,448,564   7,989,976   259,440   138,668   175,951   186,567
  Transfers between funds   731   928   104,629   (1,373,075)   (238,619)   (401,456)   (173,694)   (398,950)
  Redemptions (notes 2, 3 and 4)   (24,268)   (7,285)   (3,214,678)   (3,549,491)   (3,132,199)   (3,179,923)   (2,131,409)   (1,944,885)
  Adjustments to maintain reserves   3   (12)   (360)   (58)   148   (95)   (8)   366
    Net equity transactions   (23,534)   41,132   1,338,155   3,067,352   (3,111,230)   (3,442,806)   (2,129,160)   (2,156,902)
Net change in contract owners' equity   3,952   27,539   14,103,203   (9,413,535)   364,758   (5,108,649)   (878,731)   (2,602,986)
Contract owners' equity beginning of period   197,412   169,873   47,474,543   56,888,078   22,882,854   27,991,503   16,281,666   18,884,652
Contract owners' equity end of period $ 201,364   197,412   61,577,746   47,474,543   23,247,612   22,882,854   15,402,935   16,281,666
CHANGES IN UNITS:                                
  Beginning units   17,442   13,983   5,495,598   5,217,271   706,855   809,186   792,366   895,835
  Units purchased   58   4,079   1,094,375   2,039,466   8,556   8,821   27,494   19,314
  Units redeemed   (1,983)   (620)   (937,597)   (1,761,139)   (97,308)   (111,152)   (122,970)   (122,783)
  Ending units   15,517   17,442   5,652,376   5,495,598   618,103   706,855   696,890   792,366

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    OVGS   OVGSS   OVIG   OVGI
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (542,373)   (496,745)   (1,063,723)   (979,372)   9,063   5,847   (22,365)   (14,551)
  Realized gain (loss) on investments   9,260,073   7,482,747   (635,655)   1,714,385   3,933   6,579   25,910   530,320

  Change in unrealized gain (loss) on investments 

   5,981,307   (36,459,368)   13,483,731   (27,661,506)   282,821   (334,017)   1,103,086   (2,529,743)
  Reinvested capital gains   18,480,518   10,059,693   18,439,810   8,801,114   78,188   26,767   1,822,125   1,019,044

Net increase (decrease) in contract owners' equity resulting from operations 

   33,179,525   (19,413,673)   30,224,163   (18,125,379)   374,005   (294,824)   2,928,756   (994,930)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   1,013,852   1,696,885   4,812,964   7,690,165   101,417   474,053   352,819   608,804
  Transfers between funds   (3,242,625)   (1,050,648)   (3,479,061)   (3,763,801)   (17,173)   17,908   65,773   (543,012)
  Redemptions (notes 2, 3 and 4)   (13,885,861)   (16,471,108)   (10,604,024)   (9,339,435)   (44,667)   (78,160)   (1,605,426)   (1,410,721)
  Adjustments to maintain reserves   32   45   (16)   14   3   (21)   (105)   (19)
    Net equity transactions   (16,114,602)   (15,824,827)   (9,270,137)   (5,413,057)   39,580   413,780   (1,186,939)   (1,344,947)
Net change in contract owners' equity   17,064,923   (35,238,500)   20,954,026   (23,538,436)   413,585   118,956   1,741,817   (2,339,877)
Contract owners' equity beginning of period   116,165,759   151,404,259   105,540,120   129,078,556   1,308,781   1,189,825   9,995,558   12,335,435
Contract owners' equity end of period $ 133,230,682   116,165,759   126,494,146   105,540,120   1,722,366   1,308,781   11,737,375   9,995,558
CHANGES IN UNITS:                                
  Beginning units   1,827,157   2,024,915   3,193,358   3,336,860   121,300   88,438   569,239   637,656
  Units purchased   25,866   60,087   489,662   443,100   16,324   51,192   41,011   40,703
  Units redeemed   (247,017)   (257,845)   (719,851)   (586,602)   (12,921)   (18,330)   (97,356)   (109,120)
  Ending units   1,606,006   1,827,157   2,963,169   3,193,358   124,703   121,300   512,894   569,239

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018

 

    OVGIS   OVSC   OVSCS   OVAG
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (1,322,494)   (1,216,967)   (61,329)   (71,430)   (1,517,736)   (1,571,298)   (145,240)   (142,437)
  Realized gain (loss) on investments   13,057,985   14,152,486   (244,991)   (15,876)   (1,306,249)   (1,245,031)   245,559   580,409

  Change in unrealized gain (loss) on investments 

   5,536,661   (46,764,919)   954,808   (1,499,692)   14,523,402   (22,354,105)   1,844,169   (2,599,000)
  Reinvested capital gains   29,929,637   17,245,711   531,307   865,361   9,136,201   13,175,756   1,343,579   1,500,650

Net increase (decrease) in contract owners' equity resulting from operations 

   47,201,789   (16,583,689)   1,179,795   (721,637)   20,835,618   (11,994,678)   3,288,067   (660,378)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   4,259,912   5,835,507   170,919   79,127   4,228,781   5,740,525   152,929   220,764
  Transfers between funds   (3,146,731)   (9,347,181)   (407,718)   (300,991)   1,041,515   (2,042,537)   710,234   (157,969)
  Redemptions (notes 2, 3 and 4)   (21,175,795)   (21,716,831)   (1,267,711)   (637,765)   (9,030,954)   (8,901,780)   (1,018,964)   (1,006,635)
  Adjustments to maintain reserves   (255)   136   (31)   (6)   36   (44)   (93)   6
    Net equity transactions   (20,062,869)   (25,228,370)   (1,504,541)   (859,635)   (3,760,622)   (5,203,836)   (155,894)   (943,834)
Net change in contract owners' equity   27,138,920   (41,812,059)   (324,746)   (1,581,272)   17,074,996   (17,198,514)   3,132,173   (1,604,212)
Contract owners' equity beginning of period   161,824,893   203,636,952   5,425,984   7,007,256   85,460,837   102,659,351   8,978,421   10,582,633
Contract owners' equity end of period $ 188,963,813   161,824,893   5,101,238   5,425,984   102,535,833   85,460,837   12,110,594   8,978,421
CHANGES IN UNITS:                                
  Beginning units   6,094,730   6,939,343   294,895   337,046   2,344,905   2,482,580   831,417   908,156
  Units purchased   730,785   445,849   16,690   45,468   298,240   428,624   138,718   63,858
  Units redeemed   (1,331,038)   (1,290,462)   (89,649)   (87,619)   (377,516)   (566,299)   (154,784)   (140,597)
  Ending units   5,494,477   6,094,730   221,936   294,895   2,265,629   2,344,905   815,351   831,417

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    OVSB   OVSBS   WRPMCV   WRPMAV
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 38,091   61,368   118,248   222,617   21,636   7,793   136,298   81,390
  Realized gain (loss) on investments   (7,696)   (44,845)   (121,219)   (148,547)   382   20,140   (43,052)   25,355

  Change in unrealized gain (loss) on investments 

   107,139   (110,652)   544,338   (515,221)   130,238   (130,052)   620,476   (795,877)
  Reinvested capital gains   -   -   -   -   76,704   50,555   507,353   293,958

Net increase (decrease) in contract owners' equity resulting from operations 

   137,534   (94,129)   541,367   (441,151)   228,960   (51,564)   1,221,075   (395,174)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   95,229   83,835   41,922   75,235   -   -   151,800   74,658
  Transfers between funds   216,963   (105,695)   (43,837)   (258,510)   6,188   (631)   (3,167)   (80,100)
  Redemptions (notes 2, 3 and 4)   (178,075)   (229,984)   (930,178)   (1,018,465)   (71,757)   (397,628)   (3,428,075)   (2,290,065)
  Adjustments to maintain reserves   (32)   1   (173)   43   (15)   5   -   (9)
    Net equity transactions   134,085   (251,843)   (932,266)   (1,201,697)   (65,584)   (398,254)   (3,279,442)   (2,295,516)
Net change in contract owners' equity   271,619   (345,972)   (390,899)   (1,642,848)   163,376   (449,818)   (2,058,367)   (2,690,690)
Contract owners' equity beginning of period   1,425,090   1,771,062   6,361,443   8,004,291   1,619,392   2,069,210   7,577,401   10,268,091
Contract owners' equity end of period $ 1,696,709   1,425,090   5,970,544   6,361,443   1,782,768   1,619,392   5,519,034   7,577,401
CHANGES IN UNITS:                                
  Beginning units   139,910   163,993   639,787   756,811   138,108   170,612   614,350   789,280
  Units purchased   31,913   15,646   30,231   31,587   504   325   11,310   5,871
  Units redeemed   (19,767)   (39,729)   (119,922)   (148,611)   (5,720)   (32,829)   (248,849)   (180,801)
  Ending units   152,056   139,910   550,096   639,787   132,892   138,108   376,811   614,350

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    WRPMMV   WRASP   WRENG   WRHIP
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 71,271   26,760   545,123   122,217   (24)   (3)   3,908,145   4,217,937
  Realized gain (loss) on investments   31,444   21,842   (9,101,876)   (7,524,308)   (489)   (1)   270,893   (1,097,886)

  Change in unrealized gain (loss) on investments 

   456,762   (452,548)   29,568,535   (9,570,805)   237   (1,228)   2,905,154   (6,155,057)
  Reinvested capital gains   240,599   163,461   5,896,850   6,396,890   -   -   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   800,076   (240,485)   26,908,632   (10,576,006)   (276)   (1,232)   7,084,192   (3,035,006)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   111,910   28,992   1,843,172   1,775,918   7,405   3,575   981,568   1,504,914
  Transfers between funds   (90,775)   504,721   (7,931,893)   (7,317,215)   1,391   -   (6,679,649)   (3,313,337)
  Redemptions (notes 2, 3 and 4)   (976,595)   (613,874)   (12,631,736)   (16,758,070)   (999)   -   (7,467,747)   (8,645,460)
  Adjustments to maintain reserves   (7)   2   371   39   (3)   -   (516)   98
    Net equity transactions   (955,467)   (80,158)   (18,720,086)   (22,299,327)   7,794   3,575   (13,166,344)   (10,453,786)
Net change in contract owners' equity   (155,391)   (320,643)   8,188,546   (32,875,333)   7,518   2,343   (6,082,152)   (13,488,792)
Contract owners' equity beginning of period   5,159,747   5,480,390   143,621,869   176,497,202   2,343   -   79,155,763   92,644,555
Contract owners' equity end of period $ 5,004,356   5,159,747   151,810,415   143,621,869   9,861   2,343   73,073,611   79,155,763
CHANGES IN UNITS:                                
  Beginning units   427,741   434,074   9,932,830   11,348,594   372   -   6,336,517   7,155,562
  Units purchased   8,211   40,929   234,010   308,291   1,301   372   538,582   785,301
  Units redeemed   (80,270)   (47,262)   (1,396,912)   (1,724,055)   (154)   -   (1,532,647)   (1,604,346)
  Ending units   355,682   427,741   8,769,928   9,932,830   1,519   372   5,342,452   6,336,517

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018

 

    WRMCG   WRPAP   WRPCP   WRPMP
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (1,784,952)   (1,567,337)   533   291   21,589   8,863   516,479   260,117
  Realized gain (loss) on investments   4,210,081   5,039,455   (809)   (15)   6,255   9,672   (582,073)   (81,437)

  Change in unrealized gain (loss) on investments 

   12,048,222   (9,582,595)   1,648   (2,801)   77,498   (87,365)   2,146,174   (2,336,047)
  Reinvested capital gains   17,779,311   4,343,117   1,981   1,139   66,515   44,318   1,885,863   1,184,757

Net increase (decrease) in contract owners' equity resulting from operations 

   32,252,662   (1,767,360)   3,353   (1,386)   171,857   (24,512)   3,966,443   (972,610)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   12,040,686   10,295,153   -   -   -   -   74,760   369,407
  Transfers between funds   3,740,928   6,432,941   (13,372)   12,573   1,301,233   (170,204)   (157,784)   (263,152)
  Redemptions (notes 2, 3 and 4)   (8,600,270)   (6,870,793)   -   -   (1,649,787)   (330,219)   (5,033,405)   (3,917,850)
  Adjustments to maintain reserves   64   (47)   (9)   4   3   (10)   (23)   14
    Net equity transactions   7,181,408   9,857,254   (13,381)   12,577   (348,551)   (500,433)   (5,116,452)   (3,811,581)
Net change in contract owners' equity   39,434,070   8,089,894   (10,028)   11,191   (176,694)   (524,945)   (1,150,009)   (4,784,191)
Contract owners' equity beginning of period   89,351,754   81,261,860   20,024   8,833   1,286,585   1,811,530   23,045,587   27,829,778
Contract owners' equity end of period $ 128,785,824   89,351,754   9,996   20,024   1,109,891   1,286,585   21,895,578   23,045,587
CHANGES IN UNITS:                                
  Beginning units   5,510,204   4,933,082   1,382   584   85,500   117,558   1,360,385   1,572,218
  Units purchased   2,383,800   2,660,600   8   814   79,101   15,489   11,191   20,666
  Units redeemed   (2,046,106)   (2,083,478)   (823)   (16)   (100,065)   (47,547)   (281,452)   (232,499)
  Ending units   5,847,898   5,510,204   567   1,382   64,536   85,500   1,090,124   1,360,385

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    WRPMAP   WRPMCP   JPICB2   JPMMV1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 1,051,536   650,976   96,857   50,321   (1,339)   -   34,399   (48,570)
  Realized gain (loss) on investments   (1,314,170)   201,795   (47,956)   (49,633)   2   -   118,786   338,017

  Change in unrealized gain (loss) on investments 

   4,530,873   (5,387,007)   378,811   (351,321)   (2,261)   -   1,561,087   (2,111,734)
  Reinvested capital gains   4,189,120   2,340,445   324,288   228,578   -   -   762,979   214,170

Net increase (decrease) in contract owners' equity resulting from operations 

   8,457,359   (2,193,791)   752,000   (122,055)   (3,598)   -   2,477,251   (1,608,117)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   715,612   1,037,801   21,300   -   1,291,910   -   158,614   204,186
  Transfers between funds   (1,136,978)   413,248   78   (201,109)   25,410   -   (446,346)   (756,165)
  Redemptions (notes 2, 3 and 4)   (8,881,496)   (6,024,848)   (328,605)   (1,530,150)   (839)   -   (1,407,157)   (1,960,511)
  Adjustments to maintain reserves   4   1   (13)   (11)   5   -   (40)   (3)
    Net equity transactions   (9,302,858)   (4,573,797)   (307,240)   (1,731,270)   1,316,486   -   (1,694,929)   (2,512,493)
Net change in contract owners' equity   (845,499)   (6,767,588)   444,760   (1,853,325)   1,312,888   -   782,322   (4,120,610)
Contract owners' equity beginning of period   43,489,258   50,256,846   4,708,783   6,562,108   -   -   10,479,437   14,600,047
Contract owners' equity end of period $ 42,643,759   43,489,258   5,153,543   4,708,783   1,312,888   -   11,261,759   10,479,437
CHANGES IN UNITS:                                
  Beginning units   2,422,804   2,657,314   292,690   395,400   -   -   387,327   469,253
  Units purchased   36,363   88,990   1,239   11   131,934   -   15,773   12,164
  Units redeemed   (494,396)   (323,500)   (18,670)   (102,721)   (84)   -   (70,486)   (94,090)
  Ending units   1,964,771   2,422,804   275,259   292,690   131,850   -   332,614   387,327

 

See accompanying notes to financial statements.

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

JABS

 

JAMGS

 

JAFBS

 

JACAS

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Net investment income (loss)

$

44,938

 

53,803

 

(8,366)

 

(4,144)

 

875,472

 

742,849

 

(1,936,068)

 

(352,311)

  Realized gain (loss) on investments

 

645,292

 

425,373

 

119,527

 

12,719

 

(189,654)

 

(139,264)

 

1,789,884

 

710,265

  Change in unrealized gain (loss) on investments

 

926,686

 

(808,909)

 

359,970

 

(191,274)

 

3,935,450

 

(2,208,007)

 

28,255,755

 

(16,594,783)

  Reinvested capital gains

 

277,055

 

261,634

 

130,202

 

84,734

 

-

 

-

 

11,323,419

 

18,286,925

Net increase (decrease) in contract owners’  equity resulting from operations

 

1,893,971

 

(68,099)

 

601,333

 

(97,965)

 

4,621,268

 

(1,604,422)

 

39,432,990

 

2,050,096

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Purchase payments received from contract

   owners (note 4)

 

82,433

 

842,240

 

169,763

 

491,829

 

6,332,029

 

6,836,940

 

1,252,423

 

1,107,548

  Transfers between funds

 

(45,485)

 

(585,948)

 

(436,341)

 

733,737

 

(3,047,781)

 

5,895,837

 

(5,520,557)

 

(9,623,072)

  Redemptions (notes 2, 3 and 4)

 

(1,711,649)

 

(769,091)

 

(82,461)

 

(29,003)

 

(4,899,163)

 

(3,015,106)

 

(13,883,996)

 

(13,737,453)

  Adjustments to maintain reserves

 

(50)

 

115

 

(21)

 

(6)

 

(258)

 

(35)

 

(119)

 

(114)

   Net equity transactions

 

(1,674,751)

 

(512,684)

 

(349,060)

 

1,196,557

 

(1,615,173)

 

9,717,636

 

(18,152,249)

 

(22,253,090)

Net change in contract owners’ equity

 

219,220

 

(580,783)

 

252,273

 

1,098,592

 

3,006,095

 

8,113,214

 

21,280,741

 

(20,202,994)

Contract owners’ equity beginning of period

 

9,580,583

 

10,161,366

 

1,800,769

 

702,177

 

64,168,533

 

56,055,319

 

117,387,482

 

137,590,476

Contract owners’ equity end of period

$

9,799,803

 

9,580,583

 

2,053,042

 

1,800,769

 

67,174,628

 

64,168,533

 

138,668,223

 

117,387,482

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Beginning units

 

395,535

 

366,508

 

91,628

 

35,322

 

6,585,369

 

5,597,484

 

3,720,030

 

4,346,116

  Units purchased

 

21,451

 

90,757

 

14,709

 

60,265

 

1,366,207

 

1,706,385

 

347,517

 

241,970

  Units redeemed

 

(103,462)

 

(61,730)

 

(28,683)

 

(3,959)

 

(1,550,946)

 

(718,500)

 

(770,840)

 

(868,056)

  Ending units

 

313,524

 

395,535

 

77,654

 

91,628

 

6,400,630

 

6,585,369

 

3,296,707

 

3,720,030

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

JAGTS

 

JAIGS

 

LZREMS

 

LOVTRC

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net investment income (loss)

$

(1,736,316)

 

(714,431)

 

125,703

 

72,540

 

(307,059)

 

140,375

 

686,598

 

750,454

 Realized gain (loss) on investments

 

9,718,366

 

16,505,654

 

(1,752,298)

 

(1,833,508)

 

1,013,804

 

1,184,685

 

(145,115)

 

(76,499)

 Change in unrealized gain (loss) on investments

 

33,319,039

 

(22,197,486)

 

9,455,308

 

(5,139,049)

 

5,913,644

 

(11,710,029)

 

2,429,740

 

(1,344,164)

 Reinvested capital gains

 

9,940,454

 

4,567,351

 

-

 

-

 

-

 

-

 

-

 

-

Net increase (decrease) in contract owners’ equity resulting from operations

 

51,241,543

 

(1,838,912)

 

7,828,713

 

(6,900,017)

 

6,620,389

 

(10,384,969)

 

2,971,223

 

(670,209)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract

 owners (note 4)

 

11,924,218

 

14,456,231

 

859,879

 

615,333

 

3,218,402

 

7,111,034

 

10,002,199

 

8,905,172

 Transfers between funds

 

1,670,886

 

(1,077,187)

 

(1,238,914)

 

(590,198)

 

(4,392,514)

 

561,897

 

1,946,235

 

5,238,904

 Redemptions (notes 2, 3 and 4)

 

(12,563,380)

 

(11,223,476)

 

(4,154,154)

 

(5,222,848)

 

(2,786,834)

 

(3,198,395)

 

(2,526,557)

 

(1,806,756)

 Adjustments to maintain reserves

 

(350)

 

(78)

 

(584)

 

102

 

(54)

 

79

 

(206)

 

(9)

 Net equity transactions

 

1,031,374

 

2,155,491

 

(4,533,773)

 

(5,197,610)

 

(3,961,000)

 

4,474,615

 

9,421,671

 

12,337,311

Net change in contract owners’ equity

 

52,272,917

 

316,579

 

3,294,940

 

(12,097,627)

 

2,659,389

 

(5,910,354)

 

12,392,894

 

11,667,102

Contract owners’ equity beginning of period

 

122,989,540

 

122,672,961

 

33,459,497

 

45,557,124

 

42,606,559

 

48,516,913

 

38,813,179

 

27,146,077

Contract owners’ equity end of period

$

175,262,457

 

122,989,540

 

36,754,437

 

33,459,497

 

45,265,948

 

42,606,559

 

51,206,073

 

38,813,179

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Beginning units

 

6,599,469

 

6,516,353

 

1,925,759

 

2,189,258

 

4,904,233

 

4,480,686

 

3,894,839

 

2,660,651

 Units purchased

 

1,905,843

 

3,520,812

 

93,569

 

198,393

 

610,791

 

1,502,317

 

1,853,655

 

1,578,184

 Units redeemed

 

(1,842,861)

 

(3,437,696)

 

(317,291)

 

(461,892)

 

(1,039,617)

 

(1,078,770)

 

(942,274)

 

(343,996)

 Ending units

 

6,662,451

 

6,599,469

 

1,702,037

 

1,925,759

 

4,475,407

 

4,904,233

 

4,806,220

 

3,894,839

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

LOVSDC

 

MNCPS2

 

M2IGSS

 

MNDSC

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net investment income (loss)

$

1,865

 

1,087

 

396

 

93

 

(73,657)

 

(69,714)

 

(807,203)

 

(646,479)

 Realized gain (loss) on investments

 

3

 

-

 

(50)

 

(4)

 

178,383

 

82,259

 

1,536,946

 

1,821,170

 Change in unrealized gain (loss) on investments

 

236

 

(957)

 

3,665

 

(3,957)

 

1,364,961

 

(378,897)

 

5,024,982

 

(9,219,737)

 Reinvested capital gains

 

-

 

-

 

7,170

 

409

 

504,007

 

356,282

 

10,070,543

 

6,094,876

 Net increase (decrease) in contract owners’ equity resulting from operations

 

2,104

 

130

 

11,181

 

(3,459)

 

1,973,694

 

(10,070)

 

15,825,268

 

(1,950,170)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract

 owners (note 4)

 

223,978

 

33,201

 

-

 

45,070

 

35,807

 

25,083

 

6,666,931

 

4,991,449

 Transfers between funds

 

(188)

 

-

 

40,526

 

279

 

198,072

 

(87,458)

 

10,310,133

 

(890,191)

 Redemptions (notes 2, 3 and 4)

 

-

 

-

 

(8,149)

 

-

 

(804,224)

 

(724,027)

 

(3,174,303)

 

(2,836,717)

 Adjustments to maintain reserves

 

3

 

2

 

(5)

 

(2)

 

(102)

 

28

 

(590)

 

66

 Net equity transactions

 

223,793

 

33,203

 

32,372

 

45,347

 

(570,447)

 

(786,373)

 

13,802,171

 

1,264,607

Net change in contract owners’ equity

 

225,897

 

33,333

 

43,553

 

41,888

 

1,403,247

 

(796,443)

 

29,627,439

 

(685,563)

Contract owners’ equity beginning of period

 

33,333

 

-

 

41,888

 

-

 

5,420,401

 

6,216,844

 

37,462,273

 

38,147,836

Contract owners’ equity end of period

$

259,230

 

33,333

 

85,441

 

41,888

 

6,823,648

 

5,420,401

 

67,089,712

 

37,462,273

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Beginning units

 

3,299

 

-

 

4,444

 

-

 

427,471

 

485,616

 

2,337,791

 

2,308,380

 Units purchased

 

21,228

 

3,299

 

4,895

 

4,444

 

45,130

 

16,552

 

1,377,116

 

1,026,552

 Units redeemed

 

(18)

 

-

 

(1,881)

 

-

 

(80,896)

 

(74,697)

 

(702,876)

 

(997,141)

 Ending units

 

24,509

 

3,299

 

7,458

 

4,444

 

391,705

 

427,471

 

3,012,031

 

2,337,791

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

MVUSC

 

MVFSC

 

MVIGSC

 

MVIVSC

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net investment income (loss)

$

6,463

 

428

 

1,237,163

 

(983,535)

 

(2,307)

 

-

 

(218,124)

 

(1,840,855)

 Realized gain (loss) on investments

 

(584)

 

(6,450)

 

22,306,709

 

22,357,608

 

(71,288)

 

-

 

11,947,954

 

11,909,540

 Change in unrealized gain (loss) on investments

 

35,777

 

4,819

 

48,996,359

 

(94,048,066)

 

143,263

 

-

 

39,939,427

 

(45,275,409)

 Reinvested capital gains

 

597

 

631

 

16,506,174

 

27,076,633

 

73,166

 

-

 

8,743,532

 

3,237,821

 Net increase (decrease) in contract owners’  equity resulting from operations

 

42,253

 

(572)

 

89,046,405

 

(45,597,360)

 

142,834

 

-

 

60,412,789

 

(31,968,903)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract

 owners (note 4)

 

21,497

 

22,936

 

12,745,448

 

14,074,260

 

1,099,271

 

-

 

14,537,403

 

21,495,931

 Transfers between funds

 

(3,371)

 

(20,076)

 

(18,162,451)

 

(12,387,611)

 

1,027,150

 

-

 

(8,476,016)

 

(8,015,350)

 Redemptions (notes 2, 3 and 4)

 

(15,726)

 

(11,784)

 

(39,061,512)

 

(39,131,521)

 

(7,883)

 

-

 

(23,623,162)

 

(22,248,536)

 Adjustments to maintain reserves

 

(4)

 

(3)

 

(22)

 

(44)

 

(10)

 

-

 

(112)

 

10

 Net equity transactions

 

2,396

 

(8,927)

 

(44,478,537)

 

(37,444,916)

 

2,118,528

 

-

 

(17,561,887)

 

(8,767,945)

Net change in contract owners’ equity

 

44,649

 

(9,499)

 

44,567,868

 

(83,042,276)

 

2,261,362

 

-

 

42,850,902

 

(40,736,848)

Contract owners’ equity beginning of period

 

173,720

 

183,219

 

339,521,280

 

422,563,556

 

-

 

-

 

258,673,099

 

299,409,947

Contract owners’ equity end of period

$

218,369

 

173,720

 

384,089,148

 

339,521,280

 

2,261,362

 

-

 

301,524,001

 

258,673,099

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Beginning units

 

13,773

 

14,544

 

11,370,541

 

12,465,206

 

-

 

-

 

14,677,349

 

15,131,602

 Units purchased

 

2,243

 

2,287

 

950,608

 

1,104,115

 

210,688

 

-

 

1,689,587

 

2,250,294

 Units redeemed

 

(2,092)

 

(3,058)

 

(2,228,789)

 

(2,198,780)

 

(2,146)

 

-

 

(2,556,407)

 

(2,704,547)

 Ending units

 

13,924

 

13,773

 

10,092,360

 

11,370,541

 

208,542

 

-

 

13,810,529

 

14,677,349

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

MGRFV

 

MSGI2

 

MSVFI

 

MSVF2

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net investment income (loss)

$

50

 

-

 

120,184

 

133,601

 

80,456

 

25,831

 

236,703

 

80,684

 Realized gain (loss) on investments

 

16

 

-

 

33,076

 

(70,194)

 

145,967

 

785

 

101,484

 

71,349

 Change in unrealized gain (loss) on investments

 

(104)

 

-

 

2,064,805

 

(1,671,137)

 

37,185

 

(70,753)

 

505,217

 

(399,355)

 Reinvested capital gains

 

293

 

-

 

569,931

 

437,769

 

-

 

-

 

-

 

-

 Net increase (decrease) in contract owners’ equity resulting from operations

 

255

 

-

 

2,787,996

 

(1,169,961)

 

263,608

 

(44,137)

 

843,404

 

(247,322)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract

 owners (note 4)

 

7,405

 

-

 

683,130

 

1,891,516

 

5,787

 

26,216

 

46,328

 

115,623

 Transfers between funds

 

-

 

-

 

(407,403)

 

(1,842,625)

 

1,179,426

 

509,064

 

1,065,040

 

160,625

 Redemptions (notes 2, 3 and 4)

 

(1,090)

 

-

 

(1,009,266)

 

(961,684)

 

(1,344,722)

 

(294,732)

 

(807,800)

 

(1,175,421)

 Adjustments to maintain reserves

 

2

 

-

 

(186)

 

22

 

4

 

(27)

 

(104)

 

43

 Net equity transactions

 

6,317

 

-

 

(733,725)

 

(912,771)

 

(159,505)

 

240,520

 

303,464

 

(899,130)

Net change in contract owners’ equity

 

6,572

 

-

 

2,054,271

 

(2,082,732)

 

104,103

 

196,383

 

1,146,868

 

(1,146,452)

Contract owners’ equity beginning of period

 

-

 

-

 

11,151,713

 

13,234,445

 

2,632,917

 

2,436,534

 

9,401,149

 

10,547,601

Contract owners’ equity end of period

$

6,572

 

-

 

13,205,984

 

11,151,713

 

2,737,020

 

2,632,917

 

10,548,017

 

9,401,149

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Beginning units

 

-

 

-

 

1,195,515

 

1,286,043

 

190,500

 

172,681

 

694,470

 

759,666

 Units purchased

 

673

 

-

 

254,809

 

389,874

 

199,658

 

66,440

 

139,530

 

59,537

 Units redeemed

 

(98)

 

-

 

(325,267)

 

(480,402)

 

(209,068)

 

(48,621)

 

(119,139)

 

(124,733)

 Ending units

 

575

 

-

 

1,125,057

 

1,195,515

 

181,090

 

190,500

 

714,861

 

694,470

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

MSEM

 

MSEMB

 

VKVGR2

 

MSVRE

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net investment income (loss)

$

53,510

 

66,438

 

24,528

 

30,202

 

5,819

 

6,157

 

78

 

342

 Realized gain (loss) on investments

 

16,430

 

7,084

 

(5,503)

 

(17,110)

 

1,397

 

1,138

 

1,073

 

2,357

 Change in unrealized gain (loss) on investments

 

90,421

 

(204,563)

 

50,369

 

(64,719)

 

32,086

 

(35,038)

 

1,093

 

(4,917)

 Reinvested capital gains

 

-

 

-

 

-

 

-

 

18,368

 

-

 

698

 

-

 Net increase (decrease) in contract owners’ equity resulting from operations

 

160,361

 

(131,041)

 

69,394

 

(51,627)

 

57,670

 

(27,743)

 

2,942

 

(2,218)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract

 owners (note 4)

 

-

 

6

 

-

 

26,618

 

-

 

174,183

 

1,166

 

13

 Transfers between funds

 

(7,023)

 

(111,322)

 

(17,327)

 

14,639

 

(17,885)

 

13,759

 

(110)

 

-

 Redemptions (notes 2, 3 and 4)

 

(150,100)

 

(197,645)

 

(22,162)

 

(143,283)

 

(56,234)

 

(18,089)

 

(2,539)

 

(6,739)

 Adjustments to maintain reserves

 

(171)

 

(29)

 

(13)

 

18

 

(15)

 

(10)

 

10

 

(26)

 Net equity transactions

 

(157,294)

 

(308,990)

 

(39,502)

 

(102,008)

 

(74,134)

 

169,842

 

(1,473)

 

(6,752)

Net change in contract owners’ equity

 

3,067

 

(440,031)

 

29,892

 

(153,635)

 

(16,464)

 

142,099

 

1,469

 

(8,970)

Contract owners’ equity beginning of period

 

1,306,054

 

1,746,085

 

545,549

 

699,184

 

358,146

 

216,047

 

17,735

 

26,705

Contract owners’ equity end of period

$

1,309,121

 

1,306,054

 

575,441

 

545,549

 

341,682

 

358,146

 

19,204

 

17,735

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Beginning units

 

47,440

 

58,179

 

36,142

 

43,423

 

34,671

 

18,964

 

-

 

-

 Units purchased

 

-

 

2

 

707

 

4,757

 

1,656

 

19,889

 

-

 

-

 Units redeemed

 

(5,270)

 

(10,741)

 

(3,423)

 

(12,038)

 

(8,042)

 

(4,182)

 

-

 

-

 Ending units

 

42,170

 

47,440

 

33,426

 

36,142

 

28,285

 

34,671

 

-

 

-

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

 

 

MSVREB

 

NVFIII

 

GBF

 

MSBF

 

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

 

2019

 

2018

Investment activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net investment income (loss)

$

6

 

28

 

14,292

 

-

 

1,352,093

 

1,228,304

 

7,298,103

 

2,986,268

 Realized gain (loss) on investments

 

154

 

144

 

7,491

 

-

 

(1,752,774)

 

(2,864,077)

 

(1,681,671)

 

1,002,293

 Change in unrealized gain (loss) on investments

 

82

 

(380)

 

(27,293)

 

-

 

8,743,038

 

(1,525,061)

 

10,826,728

 

(13,464,332)

 Reinvested capital gains

 

76

 

-

 

13,352

 

-

 

-

 

-

 

-

 

-

 Net increase (decrease) in contract owners’ equity resulting from operations

 

318

 

(208)

 

7,842

 

-

 

8,342,357

 

(3,160,834)

 

16,443,160

 

(9,475,771)

Equity transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Purchase payments received from contract

 owners (note 4)

 

-

 

-

 

1,851,158

 

-

 

7,994,738

 

4,179,981

 

6,234,614

 

10,527,790

 Transfers between funds

 

-

 

-

 

681,205

 

-

 

(19,158,184)

 

16,080,637

 

(12,912,928)

 

11,336,763

 Redemptions (notes 2, 3 and 4)

 

(529)

 

(519)

 

(16,579)

 

-

 

(20,792,907)

 

(24,275,240)

 

(22,550,176)

 

(23,177,041)

 Adjustments to maintain reserves

 

3

 

(2)

 

(8)

 

-

 

121

 

(200)

 

(31)

 

6

 Net equity transactions

 

(526)

 

(521)

 

2,515,776

 

-

 

(31,956,232)

 

(4,014,821)

 

(29,228,521)

 

(1,312,482)

Net change in contract owners’ equity

 

(208)

 

(729)

 

2,523,618

 

-

 

(23,613,875)

 

(7,175,655)

 

(12,785,361)

 

(10,788,253)

Contract owners’ equity beginning of period

 

1,954

 

2,683

 

-

 

-

 

195,170,715

 

202,346,370

 

233,968,525

 

244,756,778

Contract owners’ equity end of period

$

1,746

 

1,954

 

2,523,618

 

-

 

171,556,840

 

195,170,715

 

221,183,164

 

233,968,525

CHANGES IN UNITS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Beginning units

 

-

 

-

 

-

 

-

 

12,354,850

 

12,420,978

 

14,307,465

 

14,471,179

 Units purchased

 

-

 

-

 

271,007

 

-

 

3,451,796

 

2,369,782

 

2,249,622

 

2,839,000

 Units redeemed

 

-

 

-

 

(29,837)

 

-

 

(5,850,164)

 

(2,435,910)

 

(4,031,048)

 

(3,002,714)

 Ending units

 

-

 

-

 

241,170

 

-

 

9,956,482

 

12,354,850

 

12,526,039

 

14,307,465

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

    HIBF   GVABD2   NVLCP2   NVCBD1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                

Net investment income (loss)

 $ 2,294,350   2,576,044   14,904,337   26,699,593   939,828   644,277   62,653   51,543

Realized gain (loss) on investments

   756,609   1,147,091   16,390,010   11,017,167   (170,679)   (360,233)   34,669   (53,375)

Change in unrealized gain (loss)

on investments

   4,154,130   (6,560,887)   185,482,176   (122,145,281)   4,336,645   (2,378,195)   127,782   (63,452)

Reinvested capital gains

   -   -   10,825,818   11,124,343   -   -   -   -

Net increase (decrease) in contract owners’ equity resulting from operations

   7,205,089   (2,837,752)   227,602,341   (73,304,178)   5,105,794   (2,094,151)   225,104   (65,284)
Equity transactions:                                

Purchase payments received from contract

owners (note 4)

   2,258,282   1,745,535   427,959,519   356,371,879   3,300,519   3,303,665   65,057   58,876

Transfers between funds

   (1,132,309)   (792,921)   (73,636,390)   163,461,571   (1,996,454)   2,295,557   612,256   (144,057)

Redemptions (notes 2, 3 and 4)

   (6,808,875)   (6,705,401)   (251,774,918)   (223,934,700)   (6,863,433)   (5,936,527)   (198,727)   (364,796)

Adjustments to maintain reserves

   88   623   61   (666)   (504)   83   (31)   9

 Net equity transactions

   (5,682,814)   (5,752,164)   102,548,272   295,898,085   (5,559,872)   (337,222)   478,555   (449,967)
Net change in contract owners' equity   1,522,275   (8,589,916)   330,150,613   222,593,907   (454,078)   (2,431,373)   703,659   (515,251)
Contract owners' equity beginning of period   57,039,035   65,628,951   3,031,954,547   2,809,360,640   67,730,295   70,161,668   2,948,079   3,463,330
Contract owners' equity end of period $ 58,561,310   57,039,035   3,362,105,160   3,031,954,547   67,276,217   67,730,295   3,651,738   2,948,079
CHANGES IN UNITS:                                

Beginning units

   2,634,670   2,895,079   264,067,144   239,086,312   5,180,632   5,222,094   228,067   263,219

Units purchased

   463,856   574,421   50,899,640   54,073,953   924,883   782,698   105,303   44,577

Units redeemed

   (698,640)   (834,830)   (43,145,709)   (29,093,121)   (1,347,153)   (824,160)   (70,702)   (79,729)

Ending units

   2,399,886   2,634,670   271,821,075   264,067,144   4,758,362   5,180,632   262,668   228,067

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2019 AND 2018

 

    NVCBD2   NVSTB2   NVBX   SAM
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                

Net investment income (loss)

 $ 1,260,406   1,231,606   1,032,187   1,026,385   18,675   4,058   1,468,501   (550,222)

Realized gain (loss) on investments

   (94,822)   (1,314,436)   (1,003,869)   (483,151)   77   (1)   -   -

Change in unrealized gain (loss)

on investments

   5,316,997   (2,213,320)   3,587,210   (1,590,281)   696   (2,192)   -   -

Reinvested capital gains

   -   -   -   -   -   91   -   5,172

Net increase (decrease) in contract owners' equity resulting from operations

   6,482,581   (2,296,150)   3,615,528   (1,047,047)   19,448   1,956   1,468,501   (545,050)
Equity transactions:                                

Purchase payments received from contract

owners (note 4)

   6,971,388   5,024,871   14,025,257   6,681,290   691,556   169,109   134,678,359   129,238,041

Transfers between funds

   4,659,914   (1,026,882)   (14,198,213)   27,406,828   -   1,665   268,169,188   318,806,374

Redemptions (notes 2, 3 and 4)

   (9,915,998)   (10,465,861)   (16,384,941)   (12,547,140)   -   -   (465,764,138)   (400,116,693)

Adjustments to maintain reserves

   21   210   (36)   21   (2)   (3)   6,117   (521)

Net equity transactions

   1,715,325   (6,467,662)   (16,557,933)   21,541,000   691,554   170,771   (62,910,474)   47,927,201
Net change in contract owners' equity   8,197,906   (8,763,812)   (12,942,405)   20,493,953   711,002   172,727   (61,441,973)   47,382,151
Contract owners' equity beginning of period   91,111,595   99,875,407   160,933,701   140,439,748   172,727   -   565,631,666   518,249,515
Contract owners' equity end of period $ 99,309,501   91,111,595   147,991,296   160,933,701   883,729   172,727   504,189,693   565,631,666
CHANGES IN UNITS:                                

Beginning units

   7,366,376   7,919,555   15,840,601   13,652,889   16,971   -   48,439,904   45,584,470

Units purchased

   2,165,714   1,624,715   4,361,340   4,961,211   63,430   16,971   59,343,695   59,924,879

Units redeemed

   (2,043,138)   (2,177,894)   (6,090,291)   (2,773,499)   -   -   (64,521,501)   (57,069,445)

Ending units

   7,488,952   7,366,376   14,111,650   15,840,601   80,401   16,971   43,262,098   48,439,904

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NVGEII   NJMMA2   NJNDE2   NVMGA2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 2,125   -   (50)   -   202   -   (2,339,087)   (1,201,840)
  Realized gain (loss) on investments   3,526   -   13   -   33   -   572,631   1,150,403

  Change in unrealized gain (loss) on investments

   134,296   -   6,190   -   24,111   -   29,595,239   (33,537,835)
  Reinvested capital gains   11,026   -   -   -   -   -   6,911,023   8,817,829

Net increase (decrease) in contract owners' equity resulting from operations

   150,973   -   6,153   -   24,346   -   34,739,806   (24,771,443)
Equity transactions:                                
Purchase payments received from contract owners (note 4)   1,649,815   -   1,014,914   -   660,362   -   42,591,448   57,061,800
  Transfers between funds   419,121   -   1,323   -   -   -   890,491   3,854,292
  Redemptions (notes 2, 3 and 4)   (1,715)   -   (812)   -   (814)   -   (10,715,517)   (7,996,785)
  Adjustments to maintain reserves   20   -   11   -   3   -   (214)   (3)
    Net equity transactions   2,067,241   -   1,015,436   -   659,551   -   32,766,208   52,919,304
Net change in contract owners' equity   2,218,214   -   1,021,589   -   683,897   -   67,506,014   28,147,861
Contract owners' equity beginning of period   -   -   -   -   -   -   244,394,241   216,246,380
Contract owners' equity end of period $ 2,218,214   -   1,021,589   -   683,897   -   311,900,255   244,394,241
CHANGES IN UNITS:                                
  Beginning units   -   -   -   -   -   -   24,609,072   19,669,396
  Units purchased   207,401   -   101,362   -   62,448   -   4,764,898   6,675,085
  Units redeemed   (1,460)   -   (81)   -   (77)   -   (1,682,473)   (1,735,409)
  Ending units   205,941   -   101,281   -   62,371   -   27,691,497   24,609,072

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NAMGI2   NVMLG1   NVMLG2   NVMLV1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 1,230,846   (788,253)   233,225   (100,229)   2,596,948   (1,914,690)   627,463   2,575
  Realized gain (loss) on investments   909,398   2,471,246   (18,929)   173,831   (21,367)   13,514,395   (104,926)   (139,869)

  Change in unrealized gain (loss) on investments

   58,109,471   (30,426,570)   848,581   (1,824,827)   11,102,949   (32,276,222)   (84,902)   (663,929)
  Reinvested capital gains   18,700,573   13,014,492   1,203,772   1,390,182   14,974,105   17,065,652   246,664   352,256

Net increase (decrease) in contract owners' equity resulting from operations

   78,950,288   (15,729,085)   2,266,649   (361,043)   28,652,635   (3,610,865)   684,299   (448,967)
Equity transactions:                                
Purchase payments received from contract owners (note 4)   122,032,180   110,106,771   106,871   114,658   4,701,138   6,943,391   53,182   83,846
  Transfers between funds   (564,094)   (16,132,054)   (488,443)   181,883   (7,142,025)   (4,939,358)   (307,830)   (237,913)
  Redemptions (notes 2, 3 and 4)   (17,792,111)   (11,438,019)   (1,062,688)   (1,124,412)   (11,174,867)   (14,356,201)   (398,783)   (646,605)
  Adjustments to maintain reserves   (353)   47   454   (41)   56   (51)   (3,163)   7
    Net equity transactions   103,675,622   82,536,745   (1,443,806)   (827,912)   (13,615,698)   (12,352,220)   (656,594)   (800,665)
Net change in contract owners' equity   182,625,910   66,807,660   822,843   (1,188,955)   15,036,937   (15,963,085)   27,705   (1,249,632)
Contract owners' equity beginning of period   336,470,615   269,662,955   8,362,113   9,551,068   105,120,440   121,083,525   3,047,188   4,296,820
Contract owners' equity end of period $ 519,096,525   336,470,615   9,184,956   8,362,113   120,157,377   105,120,440   3,074,893   3,047,188
CHANGES IN UNITS:                                
  Beginning units   26,846,222   20,695,623   448,327   489,827   5,938,578   6,516,758   171,784   211,341
  Units purchased   10,292,329   8,793,408   28,424   44,946   818,452   2,014,662   16,093   19,431
  Units redeemed   (2,756,352)   (2,642,809)   (94,665)   (86,446)   (1,463,291)   (2,592,842)   (47,819)   (58,988)
  Ending units   34,382,199   26,846,222   382,086   448,327   5,293,739   5,938,578   140,058   171,784

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NVMLV2   NVMMG1   NVMMG2   NVMIG1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 16,019,792   (287,291)   (2,308,574)   (2,377,224)   (1,779,292)   (1,823,691)   (19,612)   (60,182)
  Realized gain (loss) on investments   (1,428,375)   (2,164,067)   6,629,580   8,782,441   (5,070,783)   (874,162)   (388,170)   (189,533)
  Change in unrealized gain (loss) on investments

  (4,645,527)   (15,272,615)   2,119,857   (50,120,110)   10,786,045   (26,314,415)   4,700,681   (5,575,534)
  Reinvested capital gains   5,625,297   7,707,695   44,016,105   31,816,800   29,545,635   21,485,657   1,343,193   1,725,469
Net increase (decrease) in contract owners' equity resulting from operations

  15,571,187   (10,016,278)   50,456,968   (11,898,093)   33,481,605   (7,526,611)   5,636,092   (4,099,780)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)

  3,478,788   3,401,339   1,523,950   1,756,474   4,904,039   6,149,739   160,605   345,476
  Transfers between funds   3,841,155   (8,910,389)   (1,867,508)   (2,592,938)   8,663,181   (17,322,361)   (252,156)   (49,932)
  Redemptions (notes 2, 3 and 4)   (6,258,174)   (6,626,680)   (17,902,178)   (19,023,874)   (12,849,049)   (13,480,385)   (2,136,762)   (2,394,100)
  Adjustments to maintain reserves   (192)   76   175   (24)   (20)   38   (967)   (124)
Net equity transactions   1,061,577   (12,135,654)   (18,245,561)   (19,860,361)   718,151   (24,652,970)   (2,229,280)   (2,098,680)
Net change in contract owners' equity   16,632,764   (22,151,932)   32,211,407   (31,758,454)   34,199,756   (32,179,581)   3,406,812   (6,198,460)
Contract owners' equity beginning of period   66,500,699   88,652,631   146,634,724   178,393,178   94,349,393   126,528,974   18,825,073   25,023,533
Contract owners' equity end of period $ 83,133,463   66,500,699   178,846,131   146,634,724   128,549,149   94,349,393   22,231,885   18,825,073
CHANGES IN UNITS:                                
  Beginning units   4,631,844   5,374,554   8,287,039   9,267,604   5,598,301   6,895,043   1,994,973   2,185,527
  Units purchased   761,693   650,159   121,840   141,763   1,622,679   730,029   23,963   62,992
  Units redeemed   (702,710)   (1,392,869)   (951,632)   (1,122,328)   (1,548,592)   (2,026,771)   (225,343)   (253,546)
  Ending units   4,690,827   4,631,844   7,457,247   8,287,039   5,672,388   5,598,301   1,793,593   1,994,973

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NVMIG6   NVRE1   NVRE2   NVMMV1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (552,693)   (444,844)   147,271   203,975   (41,059)   (7,647)   11,590   5,661
  Realized gain (loss) on investments   3,727,688   4,790,751   (1,076,756)   (3,215,420)   (1,423,079)   (4,987,974)   (27,080)   16,783
  Change in unrealized gain (loss) on investments

  16,388,068   (31,597,507)   11,769,139   755,114   23,025,386   278,460   38,668   (231,171)
  Reinvested capital gains   5,912,227   7,996,527   -   -   -   -   114,157   107,363

Net increase (decrease) in contract owners' equity resulting from operations

   25,475,290   (19,255,073)   10,839,654   (2,256,331)   21,561,248   (4,717,161)   137,335   (101,364)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)

  1,124,069   1,420,141   519,095   514,254   2,999,734   2,015,422   (971)   240,673
  Transfers between funds   (3,281,369)   4,067,078   (483,738)   (1,307,193)   5,008,440   (4,241,581)   (74,798)   (165,287)
  Redemptions (notes 2, 3 and 4)   (10,939,256)   (12,620,392)   (4,960,873)   (5,097,870)   (9,565,206)   (8,213,034)   (39,389)   (23,655)
  Adjustments to maintain reserves   (83)   (37)   (49)   (9)   (88)   112   3   3
    Net equity transactions   (13,096,639)   (7,133,209)   (4,925,565)   (5,890,817)   (1,557,120)   (10,439,081)   (115,155)   51,735
Net change in contract owners' equity   12,378,651   (26,388,282)   5,914,089   (8,147,148)   20,004,128   (15,156,242)   22,180   (49,629)
Contract owners' equity beginning of period   86,197,305   112,585,587   38,923,199   47,070,347   77,652,300   92,808,542   626,375   676,004
Contract owners' equity end of period $ 98,575,956   86,197,305   44,837,288   38,923,199   97,656,428   77,652,300   648,555   626,375
CHANGES IN UNITS:                                
  Beginning units   8,452,066   9,061,611   2,737,930   3,139,271   5,777,988   6,517,308   40,741   37,926
  Units purchased   666,371   1,108,055   88,471   76,251   1,213,815   421,196   274   15,527
  Units redeemed   (1,733,774)   (1,717,600)   (381,437)   (477,592)   (1,320,260)   (1,160,516)   (6,807)   (12,712)
  Ending units   7,384,663   8,452,066   2,444,964   2,737,930   5,671,543   5,777,988   34,208   40,741

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NVMMV2   NVNMO1   NVNMO2   NVNSR1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 1,787,439   (990,886)   (509,008)   (616,226)   (396,943)   (457,328)   (10,222)   (14,390)
  Realized gain (loss) on investments   (6,544,540)   2,990,313   2,231,541   3,143,671   1,324,883   1,123,674   (81,247)   (31,900)
  Change in unrealized gain (loss) on investments

  9,982,958   (82,241,631)   9,171,508   (14,357,331)   5,204,244   (7,593,896)   339,592   (349,371)
  Reinvested capital gains   40,213,968   44,244,288   5,862,075   7,763,536   3,343,833   4,380,874   200,511   233,530
Net increase (decrease) in contract owners' equity resulting from operations

  45,439,825   (35,997,916)   16,756,116   (4,066,350)   9,476,017   (2,546,676)   448,634   (162,131)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)

  2,870,048   3,747,176   454,211   666,389   3,448,248   6,993,532   51,240   85,687
  Transfers between funds   (3,325,488)   (6,630,827)   (809,560)   (603,524)   (1,228,082)   (3,935,410)   (52,964)   171,815
  Redemptions (notes 2, 3 and 4)   (25,040,142)   (26,842,451)   (6,674,205)   (7,703,270)   (5,170,758)   (4,068,816)   (387,637)   (257,589)
  Adjustments to maintain reserves   17   91   (60)   17   (432)   56   (42)   (3)
Net equity transactions   (25,495,565)   (29,726,010)   (7,029,614)   (7,640,387)   (2,951,024)   (1,010,638)   (389,403)   (90)
Net change in contract owners' equity   19,944,260   (65,723,926)   9,726,502   (11,706,737)   6,524,993   (3,557,314)   59,231   (162,221)
Contract owners' equity beginning of period   211,654,527   277,378,453   66,242,111   77,948,848   36,589,390   40,146,704   2,043,477   2,205,698
Contract owners' equity end of period $ 231,598,787   211,654,527   75,968,613   66,242,111   43,114,383   36,589,390   2,102,708   2,043,477
CHANGES IN UNITS:                                
  Beginning units   11,449,717   12,848,908   3,929,899   4,345,281   2,256,041   2,319,444   115,207   115,638
  Units purchased   424,367   366,691   36,440   55,527   403,190   786,281   5,377   25,482
  Units redeemed   (1,613,121)   (1,765,882)   (400,441)   (470,909)   (556,352)   (849,684)   (25,267)   (25,913)
  Ending units   10,260,963   11,449,717   3,565,898   3,929,899   2,102,879   2,256,041   95,317   115,207

 

See accompanying notes to financial statements.

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NVNSR2   NVAMV1   NVAMV2   NVOLG1
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (845,151)   (1,105,715)   475,718   10,216   1,617,278   (542,399)   1,305,605   (2,230,873)
  Realized gain (loss) on investments   6,641,110   7,426,223   485,656   1,013,724   (1,850,167)   4,380,443   9,742,258   12,723,825
  Change in unrealized gain (loss) on investments

  5,270,364   (24,473,148)   3,284,602   (7,833,295)   18,104,147   (33,380,021)   4,696,528   (51,686,756)
  Reinvested capital gains   11,257,304   11,452,954   4,051,728   2,692,475   17,876,349   11,649,477   96,430,002   35,168,385
Net increase (decrease) in contract owners' equity resulting from operations

  22,323,627   (6,699,686)   8,297,704   (4,116,880)   35,747,607   (17,892,500)   112,174,393   (6,025,419)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)

  1,957,837   2,043,461   444,447   514,837   4,942,210   6,939,343   2,982,662   4,342,458
  Transfers between funds   (1,327,303)   (7,196,880)   (522,107)   (1,231,880)   (3,966,150)   (9,426,458)   (4,879,185)   (6,191,176)
  Redemptions (notes 2, 3 and 4)   (11,423,659)   (14,264,912)   (4,626,335)   (4,836,390)   (14,934,465)   (16,881,810)   (38,541,417)   (41,127,366)
  Adjustments to maintain reserves   (20)   19   124   (36)   76   (48)   981   (1,523)
    Net equity transactions   (10,793,145)   (19,418,313)   (4,703,871)   (5,553,470)   (13,958,329)   (19,368,973)   (40,436,959)   (42,977,606)
Net change in contract owners' equity   11,530,482   (26,117,999)   3,593,833   (9,670,350)   21,789,278   (37,261,473)   71,737,434   (49,003,025)
Contract owners' equity beginning of period   93,668,001   119,786,000   34,913,126   44,583,476   148,522,167   185,783,640   327,755,997   376,759,022
Contract owners' equity end of period $ 105,198,483   93,668,001   38,506,959   34,913,126   170,311,445   148,522,167   399,493,431   327,755,997
CHANGES IN UNITS:                                
  Beginning units   5,445,148   6,457,892   1,423,536   1,625,882   6,265,951   6,997,342   11,104,064   12,431,015
  Units purchased   980,238   211,598   28,916   33,188   500,673   529,765   144,812   207,414
  Units redeemed   (1,499,733)   (1,224,342)   (199,428)   (235,534)   (1,011,270)   (1,261,156)   (1,273,572)   (1,534,365)
  Ending units   4,925,653   5,445,148   1,253,024   1,423,536   5,755,354   6,265,951   9,975,304   11,104,064

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    NVOLG2   NVTIV3   DTRTFB   TRF
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (9,583)   (2,880,734)   1,708,201   815,950   163,109   68,502   (226,179)   (341,121)
  Realized gain (loss) on investments   (4,385,492)   12,537,334   1,676,428   (186,177)   26,958   (3,290)   8,613,128   5,412,533
  Change in unrealized gain (loss) on investments   16,051,245   (38,596,452)   (860,109)   (37,965,243)   103,335   (49,953)   16,498,962   (6,081,029)
  Reinvested capital gains   68,289,238   25,233,914   16,421,785   2,154,399   -   -   5,358,500   -
Net increase (decrease) in contract owners' equity resulting from operations   79,945,408   (3,705,938)   18,946,305   (35,181,071)   293,402   15,259   30,244,411   (1,009,617)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    5,039,861   7,252,168   4,078,392   4,880,709   1,487,721   1,075,810   1,145,526   1,467,516
  Transfers between funds   13,754,398   (26,081,798)   14,144,987   9,391,728   3,869,032   2,252,750   (1,289,921)   (551,911)
  Redemptions (notes 2, 3 and 4)   (25,391,347)   (28,892,188)   (18,641,037)   (22,033,592)   (216,231)   (38,637)   (12,583,393)   (14,905,018)
  Adjustments to maintain reserves   580   (323)   (5)   156   (47)   (13)   293   (252)
Net equity transactions   (6,596,508)   (47,722,141)   (417,663)   (7,760,999)   5,140,475   3,289,911   (12,727,495)   (13,989,666)
Net change in contract owners' equity   73,348,900   (51,428,079)   18,528,642   (42,942,070)   5,433,877   3,305,170   17,516,916   (14,999,283)
Contract owners' equity beginning of period   232,110,540   283,538,619   171,371,562   214,313,632   3,305,170   -   113,969,832   128,969,115
Contract owners' equity end of period $ 305,459,440   232,110,540   189,900,204   171,371,562   8,739,047   3,305,170   131,486,748   113,969,832
CHANGES IN UNITS:                                
  Beginning units   8,197,306   9,719,315   12,328,795   12,810,235   327,763   -   1,054,265   1,184,299
  Units purchased   1,635,828   835,015   1,882,174   1,410,706   573,492   370,592   19,611   13,494
  Units redeemed   (1,841,800)   (2,357,024)   (1,891,624)   (1,892,146)   (75,322)   (42,829)   (136,715)   (143,528)
  Ending units   7,991,334   8,197,306   12,319,345   12,328,795   825,933   327,763   937,161   1,054,265

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    TRF2   EIF   EIF2   SCGF
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (627,212)   (777,520)   55,536   48,187   803,645   476,909   (80,482)   (83,551)
  Realized gain (loss) on investments   14,753,218   12,434,552   (30,301)   12,960   6,796,829   6,665,530   (128,166)   (138,478)
  Change in unrealized gain (loss) on investments    6,215,676   (12,693,515)   720,030   (605,068)   43,237,510   (51,716,446)   290,025   (1,082,099)
  Reinvested capital gains   4,631,916   -   146,201   271,617   11,573,711   23,152,907   1,667,975   726,509
Net increase (decrease) in contract owners' equity resulting from operations    24,973,598   (1,036,483)   891,466   (272,304)   62,411,695   (21,421,100)   1,749,352   (577,619)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    4,601,250   2,411,856   784,144   2,698,268   54,818,300   64,467,404   82,071   124,701
  Transfers between funds   1,979,516   (6,763,359)   67,828   (198,660)   2,609,524   (8,067,877)   (113,048)   (19,232)
  Redemptions (notes 2, 3 and 4)   (12,535,194)   (13,147,975)   (557,835)   (110,349)   (19,018,448)   (17,263,808)   (487,260)   (630,183)
  Adjustments to maintain reserves   18   (31)   (16)   11   90   60   (52)   (58)
Net equity transactions   (5,954,410)   (17,499,509)   294,121   2,389,270   38,409,466   39,135,779   (518,289)   (524,772)
Net change in contract owners' equity   19,019,188   (18,535,992)   1,185,587   2,116,966   100,821,161   17,714,679   1,231,063   (1,102,391)
Contract owners' equity beginning of period   93,592,409   112,128,401   3,200,981   1,084,015   226,596,116   208,881,437   5,337,564   6,439,955
Contract owners' equity end of period $ 112,611,597   93,592,409   4,386,568   3,200,981   327,417,277   226,596,116   6,568,627   5,337,564
CHANGES IN UNITS:                                
  Beginning units   3,413,423   4,014,588   207,195   64,704   8,038,252   6,803,971   420,135   461,080
  Units purchased   757,632   161,961   55,456   165,014   2,429,342   2,397,616   60,173   82,212
  Units redeemed   (927,379)   (763,126)   (38,521)   (22,523)   (1,228,386)   (1,163,335)   (94,617)   (123,157)
  Ending units   3,243,676   3,413,423   224,130   207,195   9,239,208   8,038,252   385,691   420,135

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    SCGF2   SCF   SCF2   GEM
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (580,760)   (589,434)   (750,308)   (891,686)   (601,305)   (672,233)   91,008   (60,283)
  Realized gain (loss) on investments   (293,111)   (2,072,864)   899,993   2,597,583   (2,453,956)   926,773   131,937   242,622
  Change in unrealized gain (loss) on investments    158,252   (6,057,765)   5,795,975   (26,176,997)   6,559,275   (17,073,544)   1,338,309   (2,069,335)
  Reinvested capital gains   10,937,783   4,403,766   6,641,946   15,969,097   4,811,073   11,062,698   -   -
Net increase (decrease) in contract owners' equity resulting from operations    10,222,164   (4,316,297)   12,587,606   (8,502,003)   8,315,087   (5,756,306)   1,561,254   (1,886,996)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    2,127,553   3,166,178   353,335   461,149   1,384,344   1,328,192   293,943   248,067
  Transfers between funds   206,502   931,013   (1,099,718)   (1,064,661)   53,394   (1,559,253)   (155,597)   (281,709)
  Redemptions (notes 2, 3 and 4)   (2,910,891)   (3,272,986)   (5,260,034)   (7,224,150)   (3,779,487)   (4,798,013)   (846,039)   (1,161,755)
  Adjustments to maintain reserves   (421)   (42)   2,273   455   (347)   (71)   (686)   622
Net equity transactions   (577,257)   824,163   (6,004,144)   (7,827,207)   (2,342,096)   (5,029,145)   (708,379)   (1,194,774)
Net change in contract owners' equity   9,644,907   (3,492,134)   6,583,462   (16,329,210)   5,972,991   (10,785,451)   852,875   (3,081,770)
Contract owners' equity beginning of period   31,277,090   34,769,224   54,099,761   70,428,971   35,355,133   46,140,584   7,954,870   11,036,640
Contract owners' equity end of period $ 40,921,997   31,277,090   60,683,223   54,099,761   41,328,124   35,355,133   8,807,745   7,954,870
CHANGES IN UNITS:                                
  Beginning units   1,224,052   1,227,824   888,494   1,004,309   1,077,040   1,205,338   400,658   452,326
  Units purchased   296,499   501,084   16,309   13,448   114,181   81,087   66,444   63,438
  Units redeemed   (319,909)   (504,856)   (98,233)   (129,263)   (171,754)   (209,385)   (92,415)   (115,106)
  Ending units   1,200,642   1,224,052   806,570   888,494   1,019,467   1,077,040   374,687   400,658

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    GEM2   GIG   NVIE6   SCVF
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 305,314   (698,563)   175,445   118,808   325,037   108,871   (71,887)   (201,275)
  Realized gain (loss) on investments   288,774   2,326,366   (40,710)   158,153   (276,655)   2,345,202   550,254   1,916,495
  Change in unrealized gain (loss) on investments    9,173,147   (13,325,589)   1,593,391   (3,085,892)   4,857,869   (10,312,723)   (4,023,582)   (11,736,813)
  Reinvested capital gains   -   -   645,702   83,763   1,907,829   229,734   7,373,925   4,944,715
Net increase (decrease) in contract owners' equity resulting from operations    9,767,235   (11,697,786)   2,373,828   (2,725,168)   6,814,080   (7,628,916)   3,828,710   (5,076,878)
Equity transactions:                                

Purchase payments received from contract owners (note 4) 

   2,029,528   5,102,671   241,568   881,773   1,985,948   3,952,006   321,666   383,558
  Transfers between funds   (1,217,513)   (6,797,147)   (751,559)   66,367   (1,591,039)   (4,343,414)   (431,245)   (662,510)
  Redemptions (notes 2, 3 and 4)   (4,605,580)   (5,762,634)   (2,067,816)   (1,922,498)   (4,281,768)   (3,962,279)   (2,830,041)   (3,452,243)
  Adjustments to maintain reserves   (477)   (63)   273   27   (10)   31   76   (88)
Net equity transactions   (3,794,042)   (7,457,173)   (2,577,534)   (974,331)   (3,886,869)   (4,353,656)   (2,939,544)   (3,731,283)
Net change in contract owners' equity   5,973,193   (19,154,959)   (203,706)   (3,699,499)   2,927,211   (11,982,572)   889,166   (8,808,161)
Contract owners' equity beginning of period   48,975,547   68,130,506   14,489,968   18,189,467   40,793,626   52,776,198   22,998,562   31,806,723
Contract owners' equity end of period $ 54,948,740   48,975,547   14,286,262   14,489,968   43,720,837   40,793,626   23,887,728   22,998,562
CHANGES IN UNITS:                                
  Beginning units   1,701,880   1,953,769   1,056,569   1,111,699   4,687,087   5,107,600   644,567   734,822
  Units purchased   208,285   445,388   25,345   92,592   550,372   815,341   21,407   20,904
  Units redeemed   (329,419)   (697,277)   (194,026)   (147,722)   (946,750)   (1,235,854)   (94,094)   (111,159)
  Ending units   1,580,746   1,701,880   887,888   1,056,569   4,290,709   4,687,087   571,880   644,567

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    SCVF2   GVAGG2   GVAGR2   GVAGI2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (242,885)   (458,757)   (2,951,738)   (4,367,169)   (7,106,312)   (7,478,332)   (4,501,197)   (15,092,254)
  Realized gain (loss) on investments   (2,764,139)   (443,171)   11,151,511   11,244,628   22,212,277   45,661,848   68,482,858   118,796,905
  Change in unrealized gain (loss) on investments    (2,883,314)   (13,660,912)   57,377,842   (58,849,838)   45,928,624   (102,883,549)   333,113,418   (450,860,185)
  Reinvested capital gains   11,286,911   7,176,182   28,599,372   17,453,965   84,344,657   56,261,054   301,949,354   247,543,198
Net increase (decrease) in contract owners' equity resulting from operations    5,396,573   (7,386,658)   94,176,987   (34,518,414)   145,379,246   (8,438,979)   699,044,433   (99,612,336)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    1,001,527   1,460,953   23,234,152   26,656,534   47,428,561   42,968,011   360,938,121   301,723,570
  Transfers between funds   (178,799)   (833,025)   (3,558,361)   (3,492,636)   (14,490,876)   (44,561,576)   9,436,526   (182,857,928)
  Redemptions (notes 2, 3 and 4)   (3,138,150)   (3,403,691)   (26,834,642)   (31,378,573)   (51,020,328)   (49,582,677)   (269,379,536)   (240,788,245)
  Adjustments to maintain reserves   (336)   (81)   (138)   (34)   136   (39)   1,301   (1,366)
Net equity transactions   (2,315,758)   (2,775,844)   (7,158,989)   (8,214,710)   (18,082,507)   (51,176,281)   100,996,412   (121,923,968)
Net change in contract owners' equity   3,080,815   (10,162,502)   87,017,998   (42,733,124)   127,296,739   (59,615,260)   800,040,845   (221,536,304)
Contract owners' equity beginning of period   32,406,291   42,568,793   287,157,721   329,890,845   516,193,490   575,808,750   2,852,932,413   3,074,468,717
Contract owners' equity end of period $ 35,487,106   32,406,291   374,175,719   287,157,721   643,490,229   516,193,490   3,652,973,258   2,852,932,413
CHANGES IN UNITS:                                
  Beginning units   987,854   1,059,738   15,904,781   16,304,900   25,709,376   28,116,220   169,771,107   176,625,407
  Units purchased   121,142   134,954   2,338,267   2,510,424   3,435,384   3,839,065   29,714,824   21,374,055
  Units redeemed   (181,634)   (206,838)   (2,650,702)   (2,910,543)   (4,202,804)   (6,245,909)   (24,439,000)   (28,228,355)
  Ending units   927,362   987,854   15,592,346   15,904,781   24,941,956   25,709,376   175,046,931   169,771,107

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    GVDIVI   GVDIV2   NVSIX2   GVIX2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 479,653   75,831   10,951,298   1,460,853   (597,986)   (421,887)   72,354   53,086
  Realized gain (loss) on investments   (50,840)   (9,577)   (1,279,662)   (277,382)   (2,940,718)   (79,023)   37,761   17,814
  Change in unrealized gain (loss) on investments    (211,448)   (565,573)   (4,905,924)   (11,971,332)   (14,450,894)   (24,049,202)   374,499   (441,191)
  Reinvested capital gains   92,297   -   2,114,428   -   38,288,355   11,733,994   5,375   -
Net increase (decrease) in contract owners' equity resulting from operations    309,662   (499,319)   6,880,140   (10,787,861)   20,298,757   (12,816,118)   489,989   (370,291)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    34,571   64,483   1,394,422   1,981,725   12,868,858   18,446,966   193,209   1,122,527
  Transfers between funds   70,926   (319,694)   4,085,834   2,518,783   139,987   (3,716,116)   (84,859)   280,643
  Redemptions (notes 2, 3 and 4)   (238,465)   (278,611)   (5,938,346)   (6,455,537)   (4,691,174)   (4,543,129)   (172,937)   (61,971)
  Adjustments to maintain reserves   (51)   14   (461)   (33)   (437)   (54)   (19)   2
Net equity transactions   (133,019)   (533,809)   (458,551)   (1,955,062)   8,317,234   10,187,666   (64,606)   1,341,201
Net change in contract owners' equity   176,643   (1,033,128)   6,421,589   (12,742,923)   28,615,991   (2,628,452)   425,383   970,910
Contract owners' equity beginning of period   2,142,588   3,175,716   46,553,847   59,296,770   84,530,383   87,158,835   2,333,786   1,362,876
Contract owners' equity end of period $ 2,319,231   2,142,588   52,975,436   46,553,847   113,146,374   84,530,383   2,759,169   2,333,786
CHANGES IN UNITS:                                
  Beginning units   245,331   297,403   3,238,080   3,357,520   5,983,119   5,388,295   215,853   107,945
  Units purchased   19,745   15,457   585,821   544,667   1,467,123   1,598,434   21,622   117,069
  Units redeemed   (34,122)   (67,529)   (611,566)   (664,107)   (941,862)   (1,003,610)   (26,277)   (9,161)
  Ending units   230,954   245,331   3,212,335   3,238,080   6,508,380   5,983,119   211,198   215,853

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    GVIX8   MCIF   GVEX2   GVIDA
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 1,571,883   742,463   (465,412)   (520,301)   2,694,312   (371,563)   511,267   (373,964)
  Realized gain (loss) on investments   270,981   682,978   6,001,853   6,814,168   11,566,295   10,859,386   8,150,856   13,445,287
  Change in unrealized gain (loss) on investments    14,103,605   (15,856,682)   6,156,457   (59,957,970)   137,277,218   (76,513,657)   8,211,447   (44,777,087)
  Reinvested capital gains   186,217   -   39,910,116   22,609,845   31,932,459   21,505,397   13,735,105   14,202,162
Net increase (decrease) in contract owners' equity resulting from operations

  16,132,686   (14,431,241)   51,603,014   (31,054,258)   183,470,284   (44,520,437)   30,608,675   (17,503,602)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    11,329,450   15,483,162   22,391,003   27,848,281   107,657,108   109,296,078   2,913,490   7,884,793
  Transfers between funds   1,304,129   2,124,123   539,358   (7,983,018)   (17,023,123)   (12,274,129)   (5,979,928)   (8,612,022)
  Redemptions (notes 2, 3 and 4)   (5,444,619)   (4,238,763)   (18,229,362)   (17,282,671)   (40,595,278)   (42,825,225)   (15,777,217)   (20,723,853)
  Adjustments to maintain reserves   (440)   38   (44)   263   (40)   (118)   82   32
Net equity transactions   7,188,520   13,368,560   4,700,955   2,582,855   50,038,667   54,196,607   (18,843,573)   (21,451,050)
Net change in contract owners' equity   23,321,206   (1,062,681)   56,303,969   (28,471,403)   233,508,951   9,676,170   11,765,102   (38,954,652)
Contract owners' equity beginning of period   80,143,069   81,205,750   212,815,278   241,286,681   626,339,778   616,663,608   147,600,435   186,555,087
Contract owners' equity end of period $ 103,464,275   80,143,069   269,119,247   212,815,278   859,848,729   626,339,778   159,365,537   147,600,435
CHANGES IN UNITS:                                
  Beginning units   8,362,077   7,174,717   6,128,379   6,064,937   39,634,312   36,584,258   5,818,163   6,560,953
  Units purchased   1,671,267   2,076,796   1,248,668   1,171,346   8,981,637   9,656,213   141,217   625,835
  Units redeemed   (999,081)   (889,436)   (1,123,466)   (1,107,904)   (6,401,072)   (6,606,159)   (801,260)   (1,368,625)
  Ending units   9,034,263   8,362,077   6,253,581   6,128,379   42,214,877   39,634,312   5,158,120   5,818,163

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    NAMAA2   GVDMA   GVIDM   GVDMC
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 8,271,703   (1,650,134)   3,498,047   350,470   13,173,702   5,675,946   4,766,090   3,018,103
  Realized gain (loss) on investments   1,917,432   827,956   27,759,548   33,733,599   (7,335,634)   2,241,505   14,984,145   4,637,364
  Change in unrealized gain (loss) on investments    248,897,323   (191,171,667)   28,438,358   (172,170,464)   117,026,588   (345,329,677)   23,432,868   (88,299,573)
  Reinvested capital gains   58,306,944   81,105,626   63,771,904   72,044,411   184,325,769   182,494,985   36,823,064   41,484,041
Net increase (decrease) in contract owners' equity resulting from operations    317,393,402   (110,888,219)   123,467,857   (66,041,984)   307,190,425   (154,917,241)   80,006,167   (39,160,065)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    345,551,020   317,545,912   9,018,225   11,113,464   17,585,479   27,382,532   16,209,475   15,724,070
  Transfers between funds   38,469,872   70,761,985   (23,413,591)   (22,645,424)   (24,421,738)   (54,795,552)   (5,248,476)   (4,925,302)
  Redemptions (notes 2, 3 and 4)   (102,307,537)   (72,987,850)   (84,303,078)   (99,346,910)   (214,637,078)   (235,521,960)   (80,914,419)   (80,483,391)
  Adjustments to maintain reserves   (3,240)   2,655   50,058   (1,419)   20,894   (20,651)   238   156
Net equity transactions   281,710,115   315,322,702   (98,648,386)   (110,880,290)   (221,452,443)   (262,955,632)   (69,953,182)   (69,684,466)
Net change in contract owners' equity   599,103,517   204,434,483   24,819,471   (176,922,274)   85,737,982   (417,872,873)   10,052,985   (108,844,531)
Contract owners' equity beginning of period   1,703,853,239   1,499,418,756   655,639,526   832,561,800   2,004,731,980   2,422,604,853   703,492,503   812,337,034
Contract owners' equity end of period $ 2,302,956,756   1,703,853,239   680,458,997   655,639,526   2,090,469,962   2,004,731,980   713,545,488   703,492,503
CHANGES IN UNITS:                                
  Beginning units   153,008,686   126,440,617   27,509,783   31,674,347   100,698,428   113,080,530   41,053,128   44,950,379
  Units purchased   34,923,216   35,142,926   449,389   700,575   3,700,694   2,468,397   2,023,927   2,043,328
  Units redeemed   (11,793,422)   (8,574,857)   (4,107,475)   (4,865,139)   (13,766,776)   (14,850,499)   (5,829,004)   (5,940,579)
  Ending units   176,138,480   153,008,686   23,851,697   27,509,783   90,632,346   100,698,428   37,248,051   41,053,128

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    GVIDC   GVAAA2   NVCRA2   NVCMA2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 4,001,246   2,979,361   8,846,720   (21,567,623)   771,484   77,395   3,762,595   1,248,164
  Realized gain (loss) on investments   (7,016,871)   (3,428,241)   239,173,773   162,349,396   (1,159,082)   (881,096)   (3,759,725)   423,579
  Change in unrealized gain (loss) on investments    36,829,703   (31,649,185)   430,187,040   (893,029,411)   8,365,664   (9,548,966)   26,174,829   (57,193,774)
  Reinvested capital gains   11,665,066   11,940,847   436,261,026   341,399,975   5,368,736   1,400,459   29,993,449   19,354,216
Net increase (decrease) in contract owners' equity resulting from operations    45,479,144   (20,157,218)   1,114,468,559   (410,847,663)   13,346,802   (8,952,208)   56,171,148   (36,167,815)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    15,528,826   15,602,208   379,191,548   336,069,270   3,731,112   4,451,004   3,470,488   6,252,575
  Transfers between funds   73,317,874   38,851,274   (8,284,771)   42,008,625   (962,635)   (3,319,227)   (6,892,309)   (9,901,698)
  Redemptions (notes 2, 3 and 4)   (140,090,953)   (115,146,395)   (706,011,519)   (659,600,418)   (5,080,301)   (5,006,065)   (31,751,574)   (40,240,042)
  Adjustments to maintain reserves   183   95   1,919   (1,470)   (170)   (72)   (107)   65
Net equity transactions   (51,244,070)   (60,692,819)   (335,102,823)   (281,523,993)   (2,311,994)   (3,874,360)   (35,173,502)   (43,889,100)
Net change in contract owners' equity   (5,764,926)   (80,850,037)   779,365,736   (692,371,656)   11,034,808   (12,826,568)   20,997,646   (80,056,915)
Contract owners' equity beginning of period   587,674,624   668,524,661   5,987,024,415   6,679,396,071   61,103,892   73,930,460   289,247,189   369,304,104
Contract owners' equity end of period $ 581,909,698   587,674,624   6,766,390,151   5,987,024,415   72,138,700   61,103,892   310,244,835   289,247,189
CHANGES IN UNITS:                                
  Beginning units   41,086,948   45,224,620   363,160,318   379,710,213   4,587,657   4,871,759   21,482,129   24,451,473
  Units purchased   10,617,103   7,562,108   33,062,711   32,139,289   408,183   390,851   432,529   796,727
  Units redeemed   (14,087,517)   (11,699,780)   (51,954,062)   (48,689,184)   (570,574)   (674,953)   (2,741,256)   (3,766,071)
  Ending units   37,616,534   41,086,948   344,268,967   363,160,318   4,425,266   4,587,657   19,173,402   21,482,129

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY 

Years Ended December 31, 2019 and 2018 

 

    NVCCA2   NVCMD2   NVCRB2   NVCMC2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 30,641,503   12,082,862   28,240,109   12,827,427   23,285,998   15,267,983   7,830,878   5,141,349
  Realized gain (loss) on investments   (1,981,561)   36,926,764   4,036,280   36,562,752   14,950,857   29,768,140   (2,290,779)   3,096,067
  Change in unrealized gain (loss) on investments    154,317,605   (414,176,923)   149,304,239   (383,330,682)   103,875,699   (317,141,748)   44,640,433   (86,788,956)
  Reinvested capital gains   218,064,619   123,441,637   174,592,903   121,116,144   130,413,547   109,458,295   35,297,950   31,104,323
Net increase (decrease) in contract owners' equity resulting from operations    401,042,166   (241,725,660)   356,173,531   (212,824,359)   272,526,101   (162,647,330)   85,478,482   (47,447,217)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    12,429,673   20,245,929   18,750,074   18,726,673   48,176,610   48,392,017   12,561,001   16,775,837
  Transfers between funds   (31,888,348)   (19,948,884)   (38,749,902)   (39,902,104)   (24,153,067)   (51,175,872)   (6,247,081)   (13,867,885)
  Redemptions (notes 2, 3 and 4)   (248,976,578)   (270,039,154)   (233,979,822)   (240,177,670)   (192,344,492)   (181,797,930)   (75,882,805)   (70,790,038)
  Adjustments to maintain reserves   (5,933)   261   (63)   192   (52)   323   203   49
Net equity transactions   (268,441,186)   (269,741,848)   (253,979,713)   (261,352,909)   (168,321,001)   (184,581,461)   (69,568,682)   (67,882,037)
Net change in contract owners' equity   132,600,980   (511,467,508)   102,193,818   (474,177,268)   104,205,100   (347,228,791)   15,909,800   (115,329,254)
Contract owners' equity beginning of period   2,264,878,130   2,776,345,638   2,264,265,546   2,738,442,814   1,939,316,377   2,286,545,168   703,698,360   819,027,614
Contract owners' equity end of period $ 2,397,479,110   2,264,878,130   2,366,459,364   2,264,265,546   2,043,521,477   1,939,316,377   719,608,160   703,698,360
CHANGES IN UNITS:                                
  Beginning units   167,139,954   185,428,749   169,751,666   187,940,542   148,478,478   161,832,789   55,035,016   60,127,400
  Units purchased   5,156,332   4,990,320   4,447,314   3,771,878   5,848,586   6,335,270   2,437,396   2,705,091
  Units redeemed   (23,009,059)   (23,279,115)   (21,863,284)   (21,960,754)   (17,780,778)   (19,689,581)   (7,535,758)   (7,797,475)
  Ending units   149,287,227   167,139,954   152,335,696   169,751,666   136,546,286   148,478,478   49,936,654   55,035,016

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018 

                                 
    NVCCN2   NVDBL2   NVDCA2   NVLM2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 6,129,070   4,197,471   10,967,757   6,501,270   7,868,587   2,267,299   (28,638)   1,747
  Realized gain (loss) on investments   (5,114,554)   (4,289,679)   19,916,421   27,946,856   25,369,177   32,969,850   160,078   46,921

  Change in unrealized gain (loss) on investments 

   40,579,434   (30,633,306)   69,396,569   (194,420,741)   95,168,035   (236,552,000)   1,743,424   (2,013,743)
  Reinvested capital gains   11,535,298   3,795,662   90,328,521   64,368,689   100,446,388   88,646,903   323,936   554,519
Net increase (decrease) in contract owners' equity resulting from operations    53,129,248   (26,929,852)   190,609,268   (95,603,926)   228,852,187   (112,667,948)   2,198,800   (1,410,556)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   22,774,430   13,621,616   51,891,897   53,335,694   6,124,528   10,918,284   992,895   1,964,439
  Transfers between funds   61,826,952   28,800,750   (16,748,300)   (11,497,512)   (15,059,188)   194,037   1,511,436   4,794,136
  Redemptions (notes 2, 3 and 4)   (126,237,229)   (106,519,929)   (128,187,937)   (122,612,561)   (134,648,433)   (137,747,308)   (1,078,893)   (421,199)
  Adjustments to maintain reserves   41   186   (50)   (18)   (551)   194   (115)   (36)
    Net equity transactions   (41,635,806)   (64,097,377)   (93,044,390)   (80,774,396)   (143,583,644)   (126,634,793)   1,425,323   6,337,340
Net change in contract owners' equity   11,493,442   (91,027,229)   97,564,878   (176,378,322)   85,268,543   (239,302,741)   3,624,123   4,926,784
Contract owners' equity beginning of period   605,629,650   696,656,879   1,425,937,414   1,602,315,736   1,312,171,390   1,551,474,131   13,865,261   8,938,477
Contract owners' equity end of period $ 617,123,092   605,629,650   1,523,502,292   1,425,937,414   1,397,439,933   1,312,171,390   17,489,384   13,865,261
CHANGES IN UNITS:                                
  Beginning units   50,580,027   55,841,512   87,424,198   92,168,347   68,870,094   75,042,840   1,200,259   696,475
  Units purchased   11,036,583   9,521,559   4,902,323   5,276,748   2,407,067   2,418,783   290,662   542,271
  Units redeemed   (14,455,839)   (14,783,044)   (10,225,655)   (10,020,897)   (9,264,496)   (8,591,529)   (180,925)   (38,487)
  Ending units   47,160,771   50,580,027   82,100,866   87,424,198   62,012,665   68,870,094   1,309,996   1,200,259

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NVLCA2   NCPG2   NCPGI2   IDPG2
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 59,077   44,378   13,566,756   5,732,770   5,733,423   3,432,691   7,757,249   3,357,264
  Realized gain (loss) on investments   184,384   219,200   (1,590,354)   1,840,356   (646,208)   315,336   2,455,958   4,120,596

  Change in unrealized gain (loss) on investments 

   2,178,595   (2,670,975)   100,775,677   (176,674,856)   48,519,717   (75,169,759)   97,522,121   (146,124,972)
  Reinvested capital gains   318,413   577,002   45,052,410   62,158,081   10,531,251   22,513,944   25,216,214   60,778,730

Net increase (decrease) in contract owners' equity resulting from operations 

   2,740,469   (1,830,395)   157,804,489   (106,943,649)   64,138,183   (48,907,788)   132,951,542   (77,868,382)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   2,389,460   4,569,568   76,059,149   94,471,606   28,425,917   33,364,329   70,632,605   95,926,848
  Transfers between funds   4,619,970   1,601,909   (31,631,994)   (11,903,524)   (8,010,873)   (10,688,461)   (15,093,802)   (4,720,276)
  Redemptions (notes 2, 3 and 4)   (1,161,622)   (550,702)   (71,730,516)   (66,373,409)   (35,484,256)   (36,186,224)   (58,070,191)   (55,587,761)
  Adjustments to maintain reserves   37,076   (10)   (299)   (116)   (239)   59   (279)   139
    Net equity transactions   5,884,884   5,620,765   (27,303,660)   16,194,557   (15,069,451)   (13,510,297)   (2,531,667)   35,618,950
Net change in contract owners' equity   8,625,353   3,790,370   130,500,829   (90,749,092)   49,068,732   (62,418,085)   130,419,875   (42,249,432)
Contract owners' equity beginning of period   14,081,019   10,290,649   1,160,290,390   1,251,039,482   531,181,200   593,599,285   977,724,910   1,019,974,342
Contract owners' equity end of period $ 22,706,372   14,081,019   1,290,791,219   1,160,290,390   580,249,932   531,181,200   1,108,144,785   977,724,910
CHANGES IN UNITS:                                
  Beginning units   1,144,692   740,582   102,058,787   100,871,469   47,957,987   49,134,469   85,245,155   82,410,823
  Units purchased   568,587   555,743   6,889,474   11,272,860   2,774,980   3,416,921   6,375,959   10,351,247
  Units redeemed   (157,722)   (151,633)   (9,209,416)   (10,085,542)   (4,077,392)   (4,593,403)   (6,646,359)   (7,516,915)
  Ending units   1,555,557   1,144,692   99,738,845   102,058,787   46,655,575   47,957,987   84,974,755   85,245,155

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    IDPGI2   AMTB   AMINS   AMCG
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 3,427,950   1,771,643   308,894   29,653   (1,706)   (2,481)   (195)   (197)
  Realized gain (loss) on investments   1,103,735   2,001,365   (604,713)   (868,552)   (186)   21,217   1,169   740

  Change in unrealized gain (loss) on investments 

   34,475,295   (59,295,931)   1,743,415   422,442   22,928   (45,513)   1,599   (2,062)
  Reinvested capital gains   9,752,788   23,208,772   -   -   4,452   -   814   869

Net increase (decrease) in contract owners' equity resulting from operations 

   48,759,768   (32,314,151)   1,447,596   (416,457)   25,488   (26,777)   3,387   (650)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   32,675,510   31,268,822   401,173   513,038   4   -   2,968   2,228
  Transfers between funds   (5,441,594)   (6,893,305)   (1,483,799)   1,357,616   (7,452)   (58,876)   543   -
  Redemptions (notes 2, 3 and 4)   (29,821,566)   (25,728,783)   (9,045,544)   (11,890,826)   (8,192)   (55,923)   (4,520)   (3,824)
  Adjustments to maintain reserves   (31)   44   (3)   46   (17)   31   44   (18)
    Net equity transactions   (2,587,681)   (1,353,222)   (10,128,173)   (10,020,127)   (15,657)   (114,767)   (965)   (1,614)
Net change in contract owners' equity   46,172,087   (33,667,373)   (8,680,577)   (10,436,584)   9,831   (141,544)   2,422   (2,264)
Contract owners' equity beginning of period   427,640,894   461,308,267   71,506,240   81,942,824   106,639   248,183   12,349   14,613
Contract owners' equity end of period $ 473,812,981   427,640,894   62,825,663   71,506,240   116,470   106,639   14,771   12,349
CHANGES IN UNITS:                                
  Beginning units   38,304,461   38,456,865   6,261,593   7,094,458   8,216   15,424   -   -
  Units purchased   3,599,183   3,416,985   827,348   769,537   263   1,163   7   -
  Units redeemed   (3,826,553)   (3,569,389)   (1,729,481)   (1,602,402)   (1,342)   (8,371)   (7)   -
  Ending units   38,077,091   38,304,461   5,359,460   6,261,593   7,137   8,216   -   -

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    AMMCGS   AMSRS   NOTB4   NOTG4
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (46,445)   (46,002)   (149,785)   (159,843)   23,017   (44,232)   (24,315)   (76,178)
  Realized gain (loss) on investments   186,419   132,759   918,513   1,663,067   (19,587)   49,581   (39,041)   352,432

  Change in unrealized gain (loss) on investments 

   412,095   (518,774)   1,735,274   (3,475,572)   860,094   (1,412,743)   408,299   (1,155,032)
  Reinvested capital gains   227,134   230,765   837,518   895,544   291,956   552,954   327,239   351,223

Net increase (decrease) in contract owners' equity resulting from operations 

   779,203   (201,252)   3,341,520   (1,076,804)   1,155,480   (854,440)   672,182   (527,555)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   1,168   25,827   69,515   134,909   4,918   93,752   13,789   42,800
  Transfers between funds   147,797   (181,080)   (586,051)   (320,532)   (1,510)   (242,082)   (172,261)   (5,111,857)
  Redemptions (notes 2, 3 and 4)   (303,499)   (428,826)   (1,633,219)   (3,209,048)   (831,279)   (800,893)   (267,618)   (757,565)
  Adjustments to maintain reserves   (90)   42   13,398   39   (84)   (13)   (56)   (8)
    Net equity transactions   (154,624)   (584,037)   (2,136,357)   (3,394,631)   (827,955)   (949,237)   (426,146)   (5,826,630)
Net change in contract owners' equity   624,579   (785,289)   1,205,163   (4,471,435)   327,525   (1,803,677)   246,036   (6,354,185)
Contract owners' equity beginning of period   2,533,406   3,318,695   14,699,182   19,170,617   9,728,895   11,532,572   4,832,206   11,186,391
Contract owners' equity end of period $ 3,157,985   2,533,406   15,904,345   14,699,182   10,056,420   9,728,895   5,078,242   4,832,206
CHANGES IN UNITS:                                
  Beginning units   75,180   91,628   512,948   620,643   925,125   1,009,768   443,562   908,323
  Units purchased   17,123   5,025   4,014   8,955   8,207   27,326   4,163   21,080
  Units redeemed   (19,895)   (21,473)   (70,071)   (116,650)   (81,715)   (111,969)   (40,493)   (485,841)
  Ending units   72,408   75,180   446,891   512,948   851,617   925,125   407,232   443,562

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    NOTMG4   PMVSTA   PMVIV   PMVRA
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 2,094   (43,120)   547,938   228,092   2,477   43   2,987   3,844
  Realized gain (loss) on investments   (30,694)   4,513   (24,819)   27,588   67   -   231   (686)

  Change in unrealized gain (loss) on investments 

   655,547   (1,064,467)   167,188   (425,338)   3,187   20   15,815   (8,720)
  Reinvested capital gains   305,396   370,798   -   61,212   -   39   -   -

Net increase (decrease) in contract owners'  equity resulting from operations 

   932,343   (732,276)   690,307   (108,446)   5,731   102   19,033   (5,562)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   15,786   6,065   11,238,019   10,139,177   82,443   16,943   27,743   50,118
  Transfers between funds   (31,310)   (260,645)   13,692,917   18,245,355   151,825   -   (4,408)   37,482
  Redemptions (notes 2, 3 and 4)   (366,742)   (643,100)   (5,819,389)   (3,607,497)   -   -   (15,993)   (15,980)
  Adjustments to maintain reserves   (85)   (8)   (244)   (2,555)   (25)   (2)   10   (29)
    Net equity transactions   (382,351)   (897,689)   19,111,303   24,774,480   234,243   16,941   7,352   71,590
Net change in contract owners' equity   549,992   (1,629,965)   19,801,610   24,666,034   239,974   17,043   26,385   66,028
Contract owners' equity beginning of period   6,905,389   8,535,354   49,347,196   24,681,162   17,043   -   239,192   173,164
Contract owners' equity end of period $ 7,455,381   6,905,389   69,148,806   49,347,196   257,017   17,043   265,577   239,192
CHANGES IN UNITS:                                
  Beginning units   629,849   706,332   4,846,128   2,423,474   1,696   -   25,651   18,070
  Units purchased   14,312   5,488   3,561,834   3,540,222   22,528   1,696   3,826   9,385
  Units redeemed   (46,890)   (81,971)   (1,693,656)   (1,117,568)   (547)   -   (3,082)   (1,804)
  Ending units   597,271   629,849   6,714,306   4,846,128   23,677   1,696   26,395   25,651

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    PMVFHA   PMUBA   PMVAAD   PMVFAD
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 8,480   3,385   2,103   549   494,777   621,870   48,392   578,166
  Realized gain (loss) on investments   979   55   (3)   (2)   (185,615)   (613,986)   (40,867)   47,579

  Change in unrealized gain (loss) on investments 

   26,435   (346)   208   (601)   3,627,074   (3,191,333)   818,587   (1,910,176)
  Reinvested capital gains   4,505   1,418   -   -   -   -   -   231,073

Net increase (decrease) in contract owners' equity resulting from operations 

   40,399   4,512   2,308   (54)   3,936,236   (3,183,449)   826,112   (1,053,358)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   10,673   190,493   -   54,380   865,302   2,166,602   409,783   779,600
  Transfers between funds   14,971   300,215   755   (306)   (570,509)   (2,002,183)   (324,808)   1,281,682
  Redemptions (notes 2, 3 and 4)   (16,357)   (1,402)   -   -   (2,471,263)   (3,730,745)   (1,850,854)   (2,228,140)
  Adjustments to maintain reserves   -   (42)   (1)   12   (310)   (39)   (261)   (509)
    Net equity transactions   9,287   489,264   754   54,086   (2,176,780)   (3,566,365)   (1,766,140)   (167,367)
Net change in contract owners' equity   49,686   493,776   3,062   54,032   1,759,456   (6,749,814)   (940,028)   (1,220,725)
Contract owners' equity beginning of period   628,907   135,131   54,032   -   40,698,700   47,448,514   16,536,038   17,756,763
Contract owners' equity end of period $ 678,593   628,907   57,094   54,032   42,458,156   40,698,700   15,596,010   16,536,038
CHANGES IN UNITS:                                
  Beginning units   52,907   11,528   5,377   -   3,832,626   4,156,552   1,483,969   1,504,589
  Units purchased   9,828   41,670   73   5,408   196,403   306,674   176,431   411,055
  Units redeemed   (9,143)   (291)   -   (31)   (395,523)   (630,600)   (329,784)   (431,675)
  Ending units   53,592   52,907   5,450   5,377   3,633,506   3,832,626   1,330,616   1,483,969

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    PMVLAD   PMVTRD   PMVRSD   PMVEBD
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 4,497,268   1,180,146   4,965,756   3,155,043   4,733   1,938   333,967   293,575
  Realized gain (loss) on investments   (2,973,394)   (1,124,689)   (4,466,965)   (2,157,415)   (11,941)   (25,730)   (33,459)   (6,415)

  Change in unrealized gain (loss) on investments 

   7,513,362   (5,292,706)   22,495,555   (13,003,347)   19,562   4,251   1,134,133   (1,119,713)
  Reinvested capital gains   -   -   -   4,296,128   -   -   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   9,037,236   (5,237,249)   22,994,346   (7,709,591)   12,354   (19,541)   1,434,641   (832,553)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   15,922,270   12,969,562   23,515,787   21,359,313   47,078   49,574   896,950   1,495,748
  Transfers between funds   1,382,752   15,776,167   (18,748,641)   25,696,627   (34,142)   23,536   601,718   (1,156,461)
  Redemptions (notes 2, 3 and 4)   (39,460,277)   (39,738,118)   (30,929,752)   (26,845,467)   (19,317)   (31,837)   (890,349)   (955,291)
  Adjustments to maintain reserves   7,592   (22,908)   1,000   (14,150)   (2)   (7)   (392)   156
    Net equity transactions   (22,147,663)   (11,015,297)   (26,161,606)   20,196,323   (6,383)   41,266   607,927   (615,848)
Net change in contract owners' equity   (13,110,427)   (16,252,546)   (3,167,260)   12,486,732   5,971   21,725   2,042,568   (1,448,401)
Contract owners' equity beginning of period   395,425,039   411,677,585   366,659,488   354,172,756   117,213   95,488   10,939,981   12,388,382
Contract owners' equity end of period $ 382,314,612   395,425,039   363,492,228   366,659,488   123,184   117,213   12,982,549   10,939,981
CHANGES IN UNITS:                                
  Beginning units   35,595,616   36,607,998   34,163,917   32,295,222   22,048   15,330   1,107,456   1,173,838
  Units purchased   6,226,123   5,220,215   5,074,102   6,189,888   10,251   12,176   301,190   375,041
  Units redeemed   (8,240,166)   (6,232,597)   (7,520,923)   (4,321,193)   (11,373)   (5,458)   (244,652)   (441,423)
  Ending units   33,581,573   35,595,616   31,717,096   34,163,917   20,926   22,048   1,163,994   1,107,456

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    PMVHYD   PVEIB   PVGOB   PVTIGB
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ 10,826   8,358   13,337   (18,770)   (41,863)   (33,981)   (23,221)   (24,120)
  Realized gain (loss) on investments   579   439   18,824   44,264   40,038   360,314   112,274   75,265

  Change in unrealized gain (loss) on investments 

   20,633   (14,691)   395,272   (378,677)   504,044   (448,550)   1,695,273   (1,648,503)
  Reinvested capital gains   -   -   217,089   97,324   397,786   115,253   14,357   -

Net increase (decrease) in contract owners' equity resulting from operations 

   32,038   (5,894)   644,522   (255,859)   900,005   (6,964)   1,798,683   (1,597,358)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   9,405   113,006   50,908   43,808   49,692   134,358   1,384,957   2,738,263
  Transfers between funds   (2,016)   5,623   277,339   755,098   1,097,538   714,386   8,329,577   1,136,085
  Redemptions (notes 2, 3 and 4)   (17,262)   (14,669)   (268,507)   (247,586)   (424,655)   (341,484)   (345,492)   (330,137)
  Adjustments to maintain reserves   8   (30)   (107)   11   (46)   (11)   (185)   19
    Net equity transactions   (9,865)   103,930   59,633   551,331   722,529   507,249   9,368,857   3,544,230
Net change in contract owners' equity   22,173   98,036   704,155   295,472   1,622,534   500,285   11,167,540   1,946,872
Contract owners' equity beginning of period   234,817   136,781   2,191,798   1,896,326   2,159,663   1,659,378   6,930,959   4,984,087
Contract owners' equity end of period $ 256,990   234,817   2,895,953   2,191,798   3,782,197   2,159,663   18,098,499   6,930,959
CHANGES IN UNITS:                                
  Beginning units   20,123   11,334   215,922   168,534   160,245   124,428   412,873   238,311
  Units purchased   1,358   10,329   45,844   97,067   122,201   156,041   547,749   207,189
  Units redeemed   (2,180)   (1,540)   (39,417)   (49,679)   (74,081)   (120,224)   (70,767)   (32,627)
  Ending units   19,301   20,123   222,349   215,922   208,365   160,245   889,855   412,873

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    HVSIT   ROCSC   TRHS2   VVGGS
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (277,767)   (186,247)   713   591   (4,176,964)   (4,260,349)   (597)   -
  Realized gain (loss) on investments   (1,808,071)   (2,880,143)   (3,218)   (52,580)   6,912,254   7,888,829   6,471   -

  Change in unrealized gain (loss) on investments 

   2,319,589   969,425   13,239   35,158   46,488,399   (19,796,670)   36,774   -
  Reinvested capital gains   3,438,461   833,890   31,345   3,328   12,324,903   14,761,415   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   3,672,212   (1,263,075)   42,079   (13,503)   61,548,592   (1,406,775)   42,648   -
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   60,551   311,871   -   -   11,808,198   18,710,755   235,684   -
  Transfers between funds   (123,352)   (2,249,269)   (405)   (18,440)   (11,873,081)   (5,772,805)   (22,240)   -
  Redemptions (notes 2, 3 and 4)   (1,898,136)   (2,369,581)   (6,088)   (112,027)   (23,338,467)   (23,432,431)   -   -
  Adjustments to maintain reserves   (273)   (34)   1   (11)   687   (367)   (9)   -
Net equity transactions   (1,961,210)   (4,307,013)   (6,492)   (130,478)   (23,402,663)   (10,494,849)   213,435   -
Net change in contract owners' equity   1,711,002   (5,570,088)   35,587   (143,981)   38,145,929   (11,901,624)   256,083   -
Contract owners' equity beginning of period   15,775,103   21,345,191   235,295   379,276   243,823,169   255,724,793   -   -
Contract owners' equity end of period $ 17,486,105   15,775,103   270,882   235,295   281,969,098   243,823,169   256,083   -
CHANGES IN UNITS:                                
  Beginning units   898,461   1,110,094   17,884   26,309   7,141,535   7,441,709   -   -
  Units purchased   153,761   31,958   98   113   805,556   1,162,484   23,243   -
  Units redeemed   (237,571)   (243,591)   (561)   (8,538)   (1,431,572)   (1,462,658)   (2,288)   -
  Ending units   814,651   898,461   17,421   17,884   6,515,519   7,141,535   20,955   -

 

See accompanying notes to financial statements.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II

STATEMENts OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2019 and 2018

                                 
    VWHAS   VWBF   VWEM   VWHA
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (415,798)   (496,855)   (61,964)   436,579   (128,946)   (179,730)   (147,849)   (214,822)
  Realized gain (loss) on investments   (1,990,985)   434,173   (384,362)   (374,611)   214,567   349,493   (904,592)   (925,025)

  Change in unrealized gain (loss) on investments 

   4,901,599   (9,898,443)   1,106,322   (588,261)   3,254,670   (4,778,803)   2,127,142   (3,427,937)
  Reinvested capital gains   -   -   -   -   340,644   -   -   -

Net increase (decrease) in contract owners' equity resulting from operations 

   2,494,816   (9,961,125)   659,996   (526,293)   3,680,935   (4,609,040)   1,074,701   (4,567,784)
Equity transactions:                                

  Purchase payments received from contract owners (note 4) 

   1,612,198   2,193,273   64,702   63,428   179,673   303,799   44   15,229
  Transfers between funds   710,838   3,118,262   (138,451)   64,180   (223,573)   (1,772,227)   (319,210)   (630,224)
  Redemptions (notes 2, 3 and 4)   (2,869,658)   (3,381,277)   (726,816)   (692,962)   (1,439,728)   (1,603,580)   (949,529)   (1,959,889)
  Adjustments to maintain reserves   (267)   8   526   (5)   486   37   19   (23)
Net equity transactions   (546,889)   1,930,267   (800,039)   (565,359)   (1,483,142)   (3,071,971)   (1,268,676)   (2,574,907)
Net change in contract owners' equity   1,947,927   (8,030,858)   (140,043)   (1,091,652)   2,197,793   (7,681,011)   (193,975)   (7,142,691)
Contract owners' equity beginning of period   23,982,575   32,013,433   6,291,070   7,382,722   13,311,853   20,992,864   10,715,951   17,858,642
Contract owners' equity end of period $ 25,930,502   23,982,575   6,151,027   6,291,070   15,509,646   13,311,853   10,521,976   10,715,951
CHANGES IN UNITS:                                
  Beginning units   4,611,558   4,333,652   288,142   311,850   546,069   650,129   689,947   822,612
  Units purchased   2,286,179   1,588,657   4,861   13,054   76,917,185   46,201   8,542   5,156
  Units redeemed   (2,365,983)   (1,310,751)   (39,182)   (36,762)   (76,969,560)   (150,261)   (101,465)   (137,821)
  Ending units   4,531,754   4,611,558   253,821   288,142   493,694   546,069   597,024   689,947

 

See accompanying notes to financial statements.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY 

YEARS ENDED DECEMBER 31, 2019 AND 2018 

                                 
    VYDS   VRVDRA   SVDF   SVOF
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (1,121)   (1,545)   22,838   -   (662)   (623)   (2,765)   (3,126)
  Realized gain (loss) on investments   1,348   25,153   302   -   1,402   1,609   13,260   13,859
  Change in unrealized gain (loss) on investments    25,198   (71,050)   (188,998)   -   8,145   (9,607)   26,132   (58,476)
  Reinvested capital gains   9,023   26,541   188,784   -   4,819   5,250   30,229   26,251
Net increase (decrease) in contract owners' equity resulting from operations    34,448   (20,901)   22,926   -   13,704   (3,371)   66,856   (21,492)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    -   1,377   621,237   -   (66)   232   2,544   2,795
  Transfers between funds   -   -   1,400,528   -   97   4   -   18
  Redemptions (notes 2, 3 and 4)   (2,015)   (42,109)   (14,347)   -   (2,555)   (2,725)   (30,326)   (29,208)
  Adjustments to maintain reserves   (2)   10   (343,320)   -   188   (20)   (521)   481
Net equity transactions   (2,017)   (40,722)   1,664,098   -   (2,336)   (2,509)   (28,303)   (25,914)
Net change in contract owners' equity   32,431   (61,623)   1,687,024   -   11,368   (5,880)   38,553   (47,406)
Contract owners' equity beginning of period   129,994   191,617   -   -   38,366   44,246   230,758   278,164
Contract owners' equity end of period $ 162,425   129,994   1,687,024   -   49,734   38,366   269,311   230,758
CHANGES IN UNITS:                                
  Beginning units   5,933   7,477   -   -   -   -   -   -
  Units purchased   -   56   233,753   -   52   -   -   -
  Units redeemed   (84)   (1,600)   (45,440)   -   (52)   -   -   -
  Ending units   5,849   5,933   188,313   -   -   -   -   -

 

See accompanying notes to financial statements. 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY 

YEARS ENDED DECEMBER 31, 2019 AND 2018 

                                 
    WFVSCG   WFVOG2   AMTP   FCA2S
    2019   2018   2019   2018   2019   2018   2019   2018
Investment activity:                                
  Net investment income (loss) $ (1,498,591)   (1,602,575)   (192)   (345)   235   (32)   -   12,304
  Realized gain (loss) on investments   4,022,919   2,311,105   (487)   22   585   315   -   (92,962)
  Change in unrealized gain (loss) on investments    1,489,391   (11,353,181)   2,744   (2,413)   (2,350)   (2,093)   -   71,751
  Reinvested capital gains   15,459,225   9,804,002   1,609   2,480   3,092   1,483   -   -
Net increase (decrease) in contract owners' equity resulting from operations    19,472,944   (840,649)   3,674   (256)   1,562   (327)   -   (8,907)
Equity transactions:                                
  Purchase payments received from contract owners (note 4)    5,557,842   8,414,130   -   -   97   (217)   -   14,706
  Transfers between funds   (8,067,061)   69,404   -   -   (739)   14   -   (515,453)
  Redemptions (notes 2, 3 and 4)   (6,522,739)   (6,390,003)   (11,507)   (4)   (438)   (661)   -   (108,708)
  Adjustments to maintain reserves   (2)   183   9   1   (13,860)   (5)   -   (60)
    Net equity transactions   (9,031,960)   2,093,714   (11,498)   (3)   (14,940)   (869)   -   (609,516)
Net change in contract owners' equity   10,440,984   1,253,065   (7,824)   (259)   (13,378)   (1,196)   -   (618,423)
Contract owners' equity beginning of period   86,153,478   84,900,413   21,663   21,922   13,378   14,574   -   618,423
Contract owners' equity end of period $ 96,594,462   86,153,478   13,839   21,663   -   13,378   -   -
CHANGES IN UNITS:                                
  Beginning units   2,983,354   2,937,303   850   850   -   -   -   40,251
  Units purchased   470,810   1,402,958   -   -   -   (6)   -   1,050
  Units redeemed   (734,312)   (1,356,907)   (447)   -   -   6   -   (41,301)
  Ending units   2,719,852   2,983,354   403   850   -   -   -   -

 

See accompanying notes to financial statements. 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II 

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY 

YEARS ENDED DECEMBER 31, 2019 AND 2018  

                                 
    GVSIA    
    2019   2018    
Investment activity:            
  Net investment income (loss) $ -   7    
  Realized gain (loss) on investments   -   (485)    
  Change in unrealized gain (loss) on investments    -   500    
  Reinvested capital gains   -   -    
Net increase (decrease) in contract owners' equity resulting from operations    -   22    
Equity transactions:            
  Purchase payments received from contract owners (note 4)    -   -    
  Transfers between funds   -   (12,941)    
  Redemptions (notes 2, 3 and 4)   -   (2)    
  Adjustments to maintain reserves   -   2    
Net equity transactions   -   (12,941)    
Net change in contract owners' equity   -   (12,919)    
Contract owners' equity beginning of period   -   12,919    
Contract owners' equity end of period $ -   -    
CHANGES IN UNITS:            
  Beginning units   -   1,343    
  Units purchased   -   -    
  Units redeemed   -   (1,343)    
  Ending units   -   -    

 

See accompanying notes to financial statements. 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

(1) Background and Summary of Significant Accounting Policies

 

(a) Organization and Nature of Operations

 

The Nationwide Variable Account-II (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on October 7, 1981. 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.

 

(b) The Contracts

 

The Separate Account offers variable annuity insurance benefits intended to serve the long-term saving needs of investors. Contract features are described in the applicable prospectus.

 

With certain exceptions, contract owners may invest in the following:

 

  AB FUNDS
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Wealth Strategy Portfolio: Class B (ALVBWB)
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
          AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)
  ALGER AMERICAN FUNDS
          Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)
  ALPS FUNDS
          ALPS Variable Investment Trust - ALPS/Red Rocks Listed Private Equity Portfolio: Class III (ARLPE3)
          ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)
  AMERICAN CENTURY INVESTORS, INC.
          American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)
          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 Income & Growth Fund: Class I (ACVIG)
          American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class II (ACVIG2)
          American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)
          American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)
          American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)
          American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)
          American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)*
          American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class II (ACVU2)*
          American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV)*
          American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II (ACVV2)*
  AMERICAN FUNDS GROUP (THE)
          American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)
          American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4)
          American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)
          American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)
          American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)
          American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)
          American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)
          American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)
  BLACKROCK FUNDS
          BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)
          BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)
          BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)
          BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)
  BNY MELLON INVESTMENT MANAGEMENT
          BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)
          BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio (DVSCS)
          BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)
          BNY Mellon Stock Index Fund, Inc.: Service Shares  (DSIFS)

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

          BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)
          BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)
          BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)
          BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)
          BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)
  CHARLES SCHWAB FUNDS
          Schwab Government Money Market Portfolio(TM) (CHSMM)
  COLUMBIA FUNDS MANAGEMENT COMPANY
          Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)
          Columbia Funds Variable Insurance Trust - CTIVP - AQR Managed Futures Strategy Fund: Class 2 (CLVQF2)*
  DELAWARE FUNDS BY MACQUARIE
          Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)
          Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)
  EATON VANCE FUNDS
          Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)
  FEDERATED INVESTORS
          Federated Insurance Series - Federated Managed Volatility Fund II: Service Shares (FVU2S)
          Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares (FQB)
          Federated Insurance Series - Federated Quality Bond Fund II: Service Shares (FQBS)
  FIDELITY INVESTMENTS
          Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)
          Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)
          Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)
          Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)
          Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)
          Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)
          Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)
          Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Initial Class (FCP)*
          Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)
          Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)
          Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)
          Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)
          Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)
          Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)
          Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)
          Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)
          Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)
          Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)
          Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)
          Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)
          Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)
          Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)
          Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)
          Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)
          Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)
          Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)
          Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)
  FRANKLIN TEMPLETON DISTRIBUTORS, INC.
          Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)
          Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)
          Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)
          Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)
          Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)
          Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)
          Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)
          Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)
          Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)
  GOLDMAN SACHS ASSET MANAGEMENT GROUP
          Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)
          Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares  (GVSSCS)

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

          Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)
  GUGGENHEIM INVESTMENTS
          Guggenheim Variable Fund - Long Short Equity Fund (RSRF)
          Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)
  INVESCO INVESTMENTS
          Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)
          Invesco - Invesco Van Kampen V.I. Value Opportunities Fund: Series II Shares (AVBV2)*
          Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)
          Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares (IVKMG2)
          Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
          Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)
          Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)
          Invesco Oppenheimer V.I. Capital Appreciation Fund: Series II (OVCAFS)*
          Invesco Oppenheimer V.I. Capital Appreciation Fund: Series I (OVGR)*
          Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)
          Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)
          Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)
          Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)
          Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)
          Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)
          Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)
          Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)
          Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)
          Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)
          Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)
  IVY INVESTMENTS
          Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)
          Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)
          Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)
          Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)
          Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)
          Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)
          Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)
          Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)
          Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)
          Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)
          Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)
          Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)
  J.P. MORGAN INVESTMENT MANAGEMENT INC.
          JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)
          JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)
          JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 1 (OGBDP)*
          JPMorgan Insurance Trust - JPMorgan Insurance Trust U.S. Equity Portfolio: Class 1 (OGDEP)*
  JANUS HENDERSON INVESTORS
          Janus Henderson VIT Balanced Portfolio: Service Shares (JABS)
          Janus Henderson VIT Enterprise Portfolio: Service Shares (JAMGS)
          Janus Henderson VIT Flexible Bond Portfolio: Service Shares (JAFBS)
          Janus Henderson VIT Forty Portfolio: Service Shares (JACAS)
          Janus Henderson VIT Global Technology Portfolio: Service Shares (JAGTS)
          Janus Henderson VIT Overseas Portfolio: Service Shares (JAIGS)
  LAZARD FUNDS
          Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)
  LORD ABBETT FUNDS
          Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)
          Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)
  MAINSTAY FUNDS
          MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)
  MASSACHUSETTS FINANCIAL SERVICES CO.
          MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)
          MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

          MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)
          MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)
          MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)
          MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)
  MERGER FUNDS
          The Merger Fund VL - The Merger Fund VL (MGRFV)
  MORGAN STANLEY
          Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)
          Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)
          Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)
          Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)
          Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)
          Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)
          Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)
          Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class II (MSVREB)
  NATIONWIDE FUNDS GROUP
          Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)
          Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)
          Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)
          Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)
          Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)
          Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)
          Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)
          Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)
          Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)
          Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)
          Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)
          Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)
          Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)
          Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)
          Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)
          Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I (NVMLG1)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class II (NVMLG2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II (NVMLV2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I (NVMMG1)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class II (NVMMG2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I (NVMIG1)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class II (NVMIG6)
          Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)
          Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)
          Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)
          Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)
          Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I (NVNSR1)
          Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class II (NVNSR2)
          Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I (NVAMV1)
          Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class II (NVAMV2)
          Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class I (NVOLG1)
          Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class II (NVOLG2)
          Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I (NVTIV3)
          Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)
          Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I (TRF)
          Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class II (TRF2)
          Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)
          Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

          Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)
          Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)
          Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)
          Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)
          Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)
          Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)
          Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)
          Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)
          Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II (GVDIV2)
          Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)
          Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)
          Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)
          Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)
          Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)
          Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)
          Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II (NVCRA2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II (NVCMA2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II (NVCCA2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II (NVCMD2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II (NVCRB2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II (NVCMC2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II (NVCCN2)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)
          Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II (NVLM2)
          Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II (NCPG2)
          Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II (NCPGI2)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)
          Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)
  NEUBERGER & BERMAN MANAGEMENT, INC.
          Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)
          Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)
          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: S Class Shares (AMRS)*
          Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)
  NORTHERN LIGHTS
          Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)
          Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)
          Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)
  PIMCO FUNDS
          PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)
          PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)
          PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)
          PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)
          PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)
          PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)
          PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)
          PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

          PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)
          PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)
          PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)
          PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)
  PUTNAM INVESTMENTS
          Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)
          Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)
          Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)
  RATIONAL FUNDS
          Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)
  ROYCE CAPITAL FUNDS
          Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)
  T. ROWE PRICE
          T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II (TRBCG2)*
          T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)*
          T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)
          T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited Term Bond Portfolio: II (TRLT2)*
  VAN ECK ASSOCIATES CORPORATION
          VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)
          VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)
          VanEck VIP Trust - Unconstrained 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)
  VICTORY FUNDS
          Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)
  VIRTUS MUTUAL FUNDS
          Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)
  WELLS FARGO FUNDS
          Wells Fargo Variable Trust - VT Index Asset Allocation Fund: Class 2 (WFVAA)*
          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)
          Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)

 

* At December 31, 2019, contract owners were not invested in this fund.

 

The contract owners' equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see note 2). The accompanying financial statements include only contract owners' purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.

 

A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies 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 contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.

 

The Company allocates purchase payments to subaccounts and/or the fixed account as instructed by the contract owner. 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 contract.

 

Unless listed below, the financial statements presented are as of December 31, 2019 and for each of the years in the one- or two-year period ended December 31, 2019. For the subaccounts listed below with inception or liquidation dates in 2019, the financial statements are as of December 31, 2019 and for the period from the inception date to December 31, 2019 or from January 1, 2019 to the liquidation date. For the subaccounts listed below with inception or liquidation dates in 2018, the financial statements are as of December 31, 2019 and for the period from inception date to December 31, 2018 or from January 1, 2018 to the liquidation date:      

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

  Inception Date Liquidation Date
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB) 5/18/2018  
ALPS Variable Investment Trust - ALPS/Red Rocks Listed Private Equity Portfolio: Class III (ARLPE3) 12/31/2018  
American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4) 8/31/2018  
American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4) 6/21/2018  
American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4) 6/21/2018  
American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4) 12/19/2018  
Federated Insurance Series - Federated Managed Volatility Fund II: Service Shares (FVU2S) 8/17/2018  
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2) 5/11/2018  
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS) 6/25/2018  
Guggenheim Variable Fund - Long Short Equity Fund (RSRF) 6/1/2018  
Ivy Variable Insurance Portfolios - Energy: Class II (WRENG) 9/14/2018  
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2) 10/15/2019  
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC) 9/14/2018  
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2) 6/1/2018  
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC) 5/20/2019  
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII) 5/13/2019  
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX) 6/22/2018  
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII) 5/20/2019  
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2) 10/22/2019  
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2) 10/22/2019  
Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB) 5/8/2018  
PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV) 11/16/2018  
PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA) 6/1/2018  
VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS) 2/1/2019  
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA) 5/16/2019  
Federated Insurance Series - Federated Managed Tail Risk Fund II: Service Shares (FCA2S)   8/17/2018
Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)   4/30/2019
Goldman Sachs Variable Insurance Trust - Goldman Sachs Strategic Income Fund: Advisor Shares (GVSIA)   4/27/2018

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

For the one-year period ended December 31, 2019, the following subaccount name changes occurred:
       
Fund Code Current Legal Name Prior Legal Name Effective Date
BRVHY3 BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III BlackRock Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund: Class III 5/1/2019
BRVTR3 BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III BlackRock Variable Series Funds, Inc. - BlackRock Total Return V.I. Fund: Class III 5/1/2019
DVMCSS BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares Dreyfus Investment Portfolios - MidCap Stock Portfolio: Service Shares 6/3/2019
DVSCS BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio Dreyfus Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares 6/3/2019
DSIF BNY Mellon Stock Index Fund, Inc.: Initial Shares Dreyfus Stock Index Fund, Inc.: Initial Shares 6/3/2019
DSIFS BNY Mellon Stock Index Fund, Inc.: Service Shares Dreyfus Stock Index Fund, Inc.: Service Shares 6/3/2019
DSRG BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares The Dreyfus Sustainable U.S. Equity Portfolio, Inc.: Initial Shares 6/3/2019
DCAP BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares Dreyfus Variable Investment Fund - Appreciation Portfolio: Initial Shares 6/3/2019
DCAPS BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares Dreyfus Variable Investment Fund - Appreciation Portfolio: Service Shares 6/3/2019
DVDLS BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares Dreyfus Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares 6/3/2019
DGI BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares Dreyfus Variable Investment Fund - Growth and Income Portfolio: Initial Shares 6/3/2019
FTVFA2 Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 Franklin Templeton Variable Insurance Products Trust - Franklin Founding Funds Allocation VIP Fund: Class 2 5/1/2019
OVIGS Invesco Oppenheimer V.I. International Growth Fund: Series II Oppenheimer Variable Account Funds - Oppenheimer International Growth Fund/VA: Service Shares 5/28/2019
OVMS Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Conservative Balanced Fund/VA: Non-Service Shares 5/28/2019
OVCAFS Invesco Oppenheimer V.I. Capital Appreciation Fund: Series II Oppenheimer Variable Account Funds - Oppenheimer Capital Appreciation Fund/VA: Service Shares 5/28/2019
OVGR Invesco Oppenheimer V.I. Capital Appreciation Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Capital Appreciation Fund/VA: Non-Service Shares 5/28/2019
OVB Invesco Oppenheimer V.I. Total Return Bond Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Total Return Bond Fund/VA: Non-Service Shares 5/28/2019
OVGS Invesco Oppenheimer V.I. Global Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Global Fund/VA: Non-Service Shares 5/28/2019
OVGSS Invesco Oppenheimer V.I. Global Fund: Series II Oppenheimer Variable Account Funds - Oppenheimer Global Fund/VA: Service Shares 5/28/2019
OVIG Invesco Oppenheimer V.I. International Growth Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer International Growth Fund/VA: Non-Service Shares 5/28/2019
OVGI Invesco Oppenheimer V.I. Main Street Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Main Street Fund(R)/VA: Non-Service Shares 5/28/2019
OVGIS Invesco Oppenheimer V.I. Main Street Fund: Series II Oppenheimer Variable Account Funds - Oppenheimer Main Street Fund(R)/VA: Service Shares 5/28/2019
OVSC Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Main Street Small Cap Fund(R)/VA: Non-Service Shares 5/28/2019
OVSCS Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II Oppenheimer Variable Account Funds - Oppenheimer Main Street Small Cap Fund(R)/VA: Service Shares 5/28/2019
OVAG Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Discovery Mid Cap Growth Fund/VA: Non-Service Shares 5/28/2019
OVSB Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I Oppenheimer Variable Account Funds - Oppenheimer Global Strategic Income Fund/VA: Non-service Shares 5/28/2019
OVSBS Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II Oppenheimer Variable Account Funds - Oppenheimer Global Strategic Income Fund/VA: Service Shares 5/28/2019
HVSIT Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund Mutual Fund and Variable Insurance Trust - Catalyst Insider Buying VA Fund 5/1/2019

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

(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, 2019 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 contract owner upon termination or withdrawal.

 

(e) Use of Estimates in the Preparation of Financial Statements

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

(f) Calculation of Annuity Reserves

 

At each financial reporting date, the Separate Account financial statements include an aggregate amount of net assets allocated to future contract benefits for the contracts in the payout (annuitization) period. The payout (annuitization) period begins when amounts accumulated under the contract (the contract value) are applied according to the payment method selected by the contract owner.

 

Annuity reserves are computed for contracts in the variable payout stage according to industry standard mortality tables. The assumed investment return is 3.5% unless the annuitant elects otherwise, in which case the rate may vary from 3.5% to 7%, as regulated by the laws of the respective states. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if reserves exceed amounts required, transfers may be made to the Company.

 

(g) Recently Issued Accounting Standards

 

In August 2018, the FASB issued ASU 2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement, which added certain fair value disclosure requirements for public companies. The Company will adopt the ASU for annual periods beginning January 1, 2020. The Company is currently in the process of determining the impact of adoption.

 

(h) Subsequent Events

 

Subsequent to December 31, 2019, equity and financial markets have experienced significant volatility and interest rates have continued to decline due to the COVID-19 pandemic. The Company is currently in the process of determining the impact of the pandemic to the Separate Account and its operations and financial condition.

 

(i) Reclassification

 

Certain prior period amounts and disclosures have been reclassified to conform to the current period’s financial presentation.

 

(2) Expenses

 

The Separate Account assesses charges associated with the contract. These charges are either assessed as a direct reduction in unit values or through a redemption of units from the subaccounts contained within the Separate Account. The assessment of charges varies based on the contract and any additional riders or benefits elected. The additional riders or benefits and related charges specific to each contract are described in detail in the applicable prospectus. Maximum variable account charges for contracts offered through the Separate Account range from 0.80% to 4.75%.

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019 

 

Contract Charges
Recurring Variable Account Charges - assessed through a reduction in unit values Equal, on an annualized basis, to 0.40% - 1.85% of the daily value of the allocations to the underlying fund options
Contract Maintenance Charge - assessed through a redemption of units Up to $30 annually
Contingent Deferred Sales Charge - assessed on the amount of purchase payment surrendered 0.00% - 8.00%
Maximum Contingent Deferred Sales Charge Period 8 years
Rider Charges - annualized and assessed through either a reduction in unit value or the redemption of units
One-Month Enhanced Death Benefit Option 0.20% - 0.35%
One-Month Enhanced Death Benefit Option II 0.20% - 0.35%
One-Year Enhanced Death Benefit Option 0.10% - 0.20%
One-Year Enhanced Death Benefit Option II 0.15% - 0.20%
Combination Enhanced Death Benefit Option 0.30% - 0.65%
Combination Enhanced Death Benefit Option II 0.35% - 0.65%
Combination Enhanced Death Benefit Option III 0.65%
Return of Premium 0.10%
Beneficiary Protector II Option 0.35%
3% Extra Value Credit Option 0.10% - 0.45%
4% Extra Value Credit Option 0.25% - 0.40%
5% Extra Value Credit Option 0.45% - 0.70%
Capital Preservation Plus Option 0.50%
Capital Preservation Plus Lifetime Income Option 1.00%
Guaranteed Lifetime Withdrawal Fee 0.60%
Spousal Continuation Option Fee 0.10%
Spousal Protection Annuity Option 0.10% - 0.20%
Spousal Protection Annuity Option II 0.20%
No CDSC Option 0.25% - 0.55%
Four Year CDSC Option 0.20% - 0.50%
Reduced CDSC Option (“Liquidity Option”) 0.50%
Rider Charges - assessed annually as a percentage of the rider’s benefit base through a redemption of units
5% Nationwide Lifetime Income Rider 1.00%
7% Nationwide Lifetime Income Rider 1.00% - 1.50%
10% Nationwide Lifetime Income Rider 1.20%
Nationwide Lifetime Income Capture Option 1.50%
Nationwide Lifetime Income Track Option 1.50%
5% Joint Option for the Nationwide Lifetime Income Rider 0.15%
7% Joint Option for the Nationwide Lifetime Income Rider 0.15% - 0.40%
10% Joint Option for the Nationwide Lifetime Income Rider 0.30%
Joint Option for the Nationwide Lifetime Income Capture Option 0.40%
Joint Option for the Nationwide Lifetime Income Track Option 0.40%

 

The following table provides variable account charges by asset fee rates for the period ended December 31, 2019.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Total   ALVBWB   ALVGIB   ALVIVB   ALVDAA   ALVDAB   ALVSVA   ALVSVB  
0.40% $  1,233,775    1,433    -       7    -       -       2,440    307  
0.60%    391,860    -       -       25    311    -       667    -     
0.65%    266,992    -       -       -       -       -       -       78  
0.75%    715,000    -       -       -       -       -       -       300  
0.80%    220,109    -       -       -       -       -       -       327  
0.85%    995,897    -       -       -       -       -       -       1,255  
0.95%    266,700    -       577    -       -       -       -       1,684  
1.05%    247,270    -       1,645    -       -       -       -       1,845  
1.10%    9,172,978    -       -       -       -       -       -       11,367  
1.15%    48,753,975    -       11,599    840    -       2,124    -       68,328  
1.20%    280,853    -       114    -       -       -       -       92  
1.25%    3,473,051    -       6,866    66    -       -       -       6,804  
1.30%    297,280,355    -       -       4,417    -       20,826    -       353,452  
1.35%    12,964,434    -       -       -       -       236    -       25,981  
1.40%    12,899,893    -       67    45    -       682    -       11,790  
1.45%    3,920,014    -       2,264    -       -       -       -       7,998  
1.50%    79,602,382    -       3,236    4,515    -       36,496    -       238,276  
1.55%    30,297,198    -       7,630    -       -       1,374    -       50,118  
1.60%    11,502,161    -       2,048    388    -       14,421    -       61,377  
1.65%    10,570,428    -       -       -       -       2,393    -       32,744  
1.70%    1,757,091    -       558    -       -       -       -       3,864  
1.75%    121,721,518    -       6,828    -       -       31,291    -       218,181  
1.80%    5,826,014    -       13,539    1,161    -       13,083    -       19,551  
1.85%    23,971,774    -       811    -       -       5,560    -       69,790  
1.90%    1,817,279    -       718    -       -       -       -       1,869  
1.95%    53,021,164    -       542    511    -       57,879    -       159,934  
2.00%    2,502,793    -       -       -       -       655    -       9,669  
2.05%    6,734,883    -       3,628    85    -       2,761    -       36,264  
2.10%    5,199,058    -       132    -       -       4,341    -       18,145  
2.15%    1,967,819    -       1,461    -       -       -       -       4,503  
2.20%    10,084,377    -       313    -       -       21,417    -       53,255  
2.25%    694,762    -       -       -       -       1,642    -       390  
2.30%    5,038,641    -       -       -       -       9,461    -       22,117  
2.35%    2,049,157    -       -       -       -       -       -       2,916  
2.40%    6,184,280    -       -       -       -       15,791    -       29,981  
2.45%    383,828    -       -       -       -       173    -       3,638  
2.50%    3,999,950    -       -       -       -       709    -       17,451  
2.55%    903,988    -       -       -       -       3,140    -       6,970  
2.60%    59,980    -       -       -       -       -       -       -     
2.65%    393,684    -       -       -       -       239    -       1,066  
2.70%    230,624    -       -       -       -       -       -       51  
2.75%    485,067    -       -       -       -       15,223    -       28,538  
2.80%    33,319    -       -       -       -       -       -       84  
2.85%    280,972    -       -       -       -       -       -       256  
2.90%    16,616    -       -       -       -       -       -       -     
2.95%    38,845    -       -       -       -       -       -       -     
3.00%    36,746    -       -       -       -       -       -       -     
3.05%    3,068    -       -       -       -       -       -       -     
3.10%    673    -       -       -       -       -       -       -     
3.40%    1,876    -       -       -       -       -       -       -     
Totals $  780,495,171 $  1,433 $  64,576 $  12,060 $  311 $  261,917 $  3,107 $  1,582,606  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    ALMCS   ARLPE3   AAEIP3   ACVIP1   ACVB   ACVCA   ACVIG   ACVIG2  
0.40% $  -       -       85    6,458    -       -       -       -     
0.60%    -       360    -       989    -       -       -       -     
0.65%    -       -       -       -       -       -       -       -     
0.75%    -       -       -       -       -       -       -       -     
0.80%    -       -       -       -       965    -       171    -     
0.85%    -       -       -       -       -       -       -       -     
0.95%    1,118    -       -       -       -       -       -       719  
1.05%    2,388    -       -       -       -       -       -       3,808  
1.10%    -       -       -       -       -       -       -       -     
1.15%    -       -       -       -       -       -       -       10,761  
1.20%    -       -       -       -       -       -       -       -     
1.25%    -       -       -       -       -       -       -       4,771  
1.30%    -       -       -       -       265,921    331    132,835    -     
1.35%    -       -       -       -       -       -       -       2,048  
1.40%    -       -       -       -       84,534    92    47,363    2,295  
1.45%    -       -       -       -       -       -       -       391  
1.50%    -       -       -       -       -       -       -       2,763  
1.55%    -       -       -       -       -       -       -       11,785  
1.60%    -       -       -       -       -       -       -       576  
1.65%    -       -       -       -       -       -       -       -     
1.70%    -       -       -       -       -       -       -       93  
1.75%    -       -       -       -       -       -       -       1,583  
1.80%    -       -       -       -       -       -       -       942  
1.85%    -       -       -       -       -       -       -       1,189  
1.90%    -       -       -       -       -       -       -       1,988  
1.95%    -       -       -       -       -       -       -       -     
2.00%    -       -       -       -       -       -       -       -     
2.05%    -       -       -       -       -       -       -       1,299  
2.10%    -       -       -       -       -       -       -       -     
2.15%    -       -       -       -       -       -       -       -     
2.20%    -       -       -       -       -       -       -       206  
2.25%    -       -       -       -       -       -       -       -     
2.30%    -       -       -       -       -       -       -       -     
2.35%    -       -       -       -       -       -       -       -     
2.40%    -       -       -       -       -       -       -       144  
2.45%    -       -       -       -       -       -       -       -     
2.50%    -       -       -       -       -       -       -       -     
2.55%    -       -       -       -       -       -       -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       -       -       -       -       -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       -       -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    -       -       -       -       -       -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  3,506 $  360 $  85 $  7,447 $  351,420 $  423 $  180,369 $  47,361  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    ACVIP2   ACVI   ACVMV1   ACVMV2   AMVCB4   AMVBC4   AMVI4   AMVGS4  
0.40% $  1,114    -       4,406    1,861    154    943    304    -     
0.60%    -       -       635    -       584    1,367    2,447    1,841  
0.65%    1,659    -       -       385    -       -       -       -     
0.75%    8,761    -       -       2,331    -       -       -       -     
0.80%    336    -       1,297    -       -       -       -       -     
0.85%    9,653    -       -       4,706    -       -       -       -     
0.95%    5,800    -       -       2,607    -       -       -       -     
1.05%    1,821    -       -       893    -       -       -       -     
1.10%    28,146    -       -       16,832    -       -       -       -     
1.15%    227,231    -       -       136,669    -       -       -       -     
1.20%    551    -       -       480    -       -       -       -     
1.25%    16,953    -       -       17,680    -       -       -       -     
1.30%    887,960    36    93,198    486,064    -       -       -       -     
1.35%    60,339    -       -       67,132    -       -       -       -     
1.40%    45,124    57    28,202    8,665    -       -       -       -     
1.45%    23,123    -       -       18,747    -       -       -       -     
1.50%    275,212    -       -       368,615    -       -       -       -     
1.55%    183,800    -       -       94,245    -       -       -       -     
1.60%    55,774    -       -       101,858    -       -       -       -     
1.65%    46,111    -       -       46,814    -       -       -       -     
1.70%    8,459    -       -       4,710    -       -       -       -     
1.75%    610,434    -       -       359,040    -       -       -       -     
1.80%    25,246    -       -       44,970    -       -       -       -     
1.85%    115,988    -       -       79,466    -       -       -       -     
1.90%    4,488    -       -       10,026    -       -       -       -     
1.95%    230,412    -       -       317,200    -       -       -       -     
2.00%    15,263    -       -       8,805    -       -       -       -     
2.05%    19,029    -       -       37,879    -       -       -       -     
2.10%    26,470    -       -       25,518    -       -       -       -     
2.15%    5,720    -       -       1,842    -       -       -       -     
2.20%    68,439    -       -       65,219    -       -       -       -     
2.25%    3,197    -       -       2,684    -       -       -       -     
2.30%    28,037    -       -       20,982    -       -       -       -     
2.35%    3,864    -       -       1,792    -       -       -       -     
2.40%    17,316    -       -       55,077    -       -       -       -     
2.45%    808    -       -       3,210    -       -       -       -     
2.50%    5,186    -       -       5,864    -       -       -       -     
2.55%    3,725    -       -       3,949    -       -       -       -     
2.60%    404    -       -       355    -       -       -       -     
2.65%    356    -       -       5,307    -       -       -       -     
2.70%    343    -       -       -       -       -       -       -     
2.75%    -       -       -       8,853    -       -       -       -     
2.80%    -       -       -       13    -       -       -       -     
2.85%    260    -       -       1,622    -       -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  3,072,912 $  93 $  127,738 $  2,440,967 $  738 $  2,310 $  2,751 $  1,841  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    AFGF   AFHY   AVPAP2   AFGC   BRVED3   BRVHY3   BRVTR3   MLVGA3  
0.40% $  -       -       76    -       449    1,574    10,568    3,416  
0.60%    -       -       -       -       1,124    1,036    4,234    4,620  
0.65%    -       -       -       -       -       -       -       154  
0.75%    -       -       -       -       -       -       -       2,165  
0.80%    -       -       -       -       -       -       -       640  
0.85%    -       -       -       -       -       -       -       4,349  
0.95%    -       -       -       -       -       -       -       1,143  
1.05%    -       -       -       -       -       -       -       1,874  
1.10%    -       -       -       -       1,120    1,302    1,810    20,931  
1.15%    -       -       240,641    -       31,941    19,027    80,514    74,337  
1.20%    -       -       -       -       -       -       -       451  
1.25%    -       -       -       -       1,120    1,243    1,066    24,768  
1.30%    131,871    6,341    4,459,544    8,214    1,773,967    256,411    3,136,849    601,091  
1.35%    -       -       89,766    -       10,884    4,197    12,358    101,673  
1.40%    -       -       -       -       13,238    4,301    11,641    37,711  
1.45%    -       -       -       -       6,461    1,999    1,160    30,289  
1.50%    -       -       1,285,022    -       426,925    122,868    432,328    1,311,237  
1.55%    -       -       -       -       16,558    12,041    18,187    132,460  
1.60%    -       -       165,282    -       33,804    24,873    14,346    296,648  
1.65%    -       -       113,989    -       63,546    21,307    76,951    116,331  
1.70%    -       -       659    -       232    61    14    14,828  
1.75%    -       -       2,664,421    -       297,048    31,329    307,696    816,811  
1.80%    -       -       22,475    -       34,921    5,700    35,040    86,746  
1.85%    -       -       669,286    -       176,017    21,670    141,811    82,171  
1.90%    -       -       -       -       11,984    1,644    193    2,912  
1.95%    -       -       654,381    -       261,312    68,299    195,867    938,558  
2.00%    -       -       -       -       4,852    2,793    3,621    15,330  
2.05%    -       -       181,460    -       30,286    1,451    20,462    62,169  
2.10%    -       -       38,107    -       15,764    3,310    21,189    74,377  
2.15%    -       -       421    -       2,627    -       2,422    53,999  
2.20%    -       -       310,284    -       18,276    6,132    10,610    187,220  
2.25%    -       -       6,864    -       2,323    39    -       10,424  
2.30%    -       -       78,944    -       11,401    5,946    10,447    96,170  
2.35%    -       -       -       -       211    -       -       -     
2.40%    -       -       167,292    -       45,023    11,671    24,349    115,015  
2.45%    -       -       5,334    -       242    1,157    2,637    2,970  
2.50%    -       -       51,842    -       41,046    1,296    36,730    16,725  
2.55%    -       -       701    -       1,135    95    3,237    5,183  
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       -       -       -       -       -       642  
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       6,455    -       -       -       -       4,718  
2.80%    -       -       -       -       175    -       -       -     
2.85%    -       -       434    -       2,299    -       2,996    594  
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  131,871 $  6,341 $  11,213,680 $  8,214 $  3,338,311 $  634,772 $  4,621,333 $  5,353,850  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    DVMCSS   DVSCS   DSIF   DSIFS   DSRG   DCAP   DCAPS   DVDLS  
0.40% $  317    419    -       129    -       -       994    -     
0.60%    998    -       -       -       -       -       622    -     
0.65%    -       1,097    -       1,630    -       -       1,079    -     
0.75%    -       4,318    -       14,381    -       -       3,662    -     
0.80%    -       2,842    16,492    -       2,259    2,561    -       -     
0.85%    -       10,526    -       27,213    -       -       7,596    -     
0.95%    -       2,976    -       24,258    -       -       1,007    196  
1.05%    -       5,994    -       22,434    -       -       6,390    1,293  
1.10%    380    8,947    -       36,281    -       -       7,560    3  
1.15%    10,241    129,133    -       244,276    -       -       97,659    3,275  
1.20%    -       1,185    -       11,519    -       -       -       -     
1.25%    1,179    12,526    -       26,061    -       -       9,445    2,161  
1.30%    121,885    195,722    1,940,095    203,128    374,201    250,278    315,054    -     
1.35%    8,944    29,729    -       67,029    -       -       30,943    -     
1.40%    198    40,211    909,513    17,544    103,372    85,869    7,243    220  
1.45%    904    22,824    -       66,010    -       -       14,698    -     
1.50%    123,110    86,379    -       210,112    -       -       156,521    61  
1.55%    8,781    93,154    -       193,318    -       -       64,313    1,715  
1.60%    10,509    24,910    -       50,315    -       -       63,728    -     
1.65%    16,190    8,773    -       25,538    -       -       18,781    -     
1.70%    252    4,674    -       14,486    -       -       6,624    771  
1.75%    31,642    184,680    -       398,139    -       -       244,550    88  
1.80%    12,000    18,011    -       23,718    -       -       22,040    642  
1.85%    7,494    18,974    -       52,538    -       -       53,561    188  
1.90%    627    2,631    -       10,543    -       -       3,341    -     
1.95%    100,670    41,472    -       58,222    -       -       123,127    523  
2.00%    2,719    3,501    -       15,880    -       -       3,180    -     
2.05%    7,689    4,483    -       15,371    -       -       9,128    -     
2.10%    7,284    16,335    -       17,259    -       -       15,483    141  
2.15%    422    4,781    -       2,883    -       -       1,956    -     
2.20%    8,681    14,855    -       36,943    -       -       30,800    -     
2.25%    1,172    125    -       3,548    -       -       55    123  
2.30%    3,620    4,190    -       23,085    -       -       18,470    -     
2.35%    -       864    -       1,272    -       -       631    -     
2.40%    10,603    1,018    -       890    -       -       6,206    -     
2.45%    -       768    -       12    -       -       73    -     
2.50%    1,472    281    -       -       -       -       9,714    -     
2.55%    113    964    -       5,804    -       -       3,694    -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    646    -       -       -       -       -       416    -     
2.70%    -       -       -       -       -       -       106    -     
2.75%    348    -       -       -       -       -       573    -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    1,421    -       -       -       -       -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  502,511 $  1,004,272 $  2,866,100 $  1,921,769 $  479,832 $  338,708 $  1,361,023 $  11,400  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    DGI   CHSMM   CLVHY2   DWVVLS   DWVSVS   ETVFR   FVU2S   FQB  
0.40% $  -       -       3,651    8,337    2,973    3,281    -       -     
0.60%    -       -       270    2,520    2,118    4,078    -       -     
0.65%    -       -       -       -       -       -       -       -     
0.75%    -       11,538    -       -       -       -       -       -     
0.80%    243    -       -       -       -       -       -       72  
0.85%    -       6,508    1,156    -       -       -       -       -     
0.95%    -       8,037    -       -       -       -       30    -     
1.05%    -       21,502    -       -       -       -       -       -     
1.10%    -       -       489    -       336    -       -       -     
1.15%    -       -       3,278    -       18,378    31,573    2,098    -     
1.20%    -       -       -       -       -       -       -       -     
1.25%    -       -       77    -       1,771    1,787    809    -     
1.30%    132,505    -       29,026    -       239,099    247,876    -       45,196  
1.35%    -       3,202    45    -       19,852    37,831    -       -     
1.40%    41,082    -       177    -       7,858    1,215    28    19,701  
1.45%    -       -       67    -       1,454    6,691    395    -     
1.50%    -       -       13,753    -       156,276    231,754    47    -     
1.55%    -       -       1,272    -       11,352    36,471    1,829    -     
1.60%    -       -       1,236    -       31,929    73,830    878    -     
1.65%    -       -       2,582    -       20,803    44,954    -       -     
1.70%    -       -       -       -       1,377    381    67    -     
1.75%    -       -       1,137    -       67,872    57,607    241    -     
1.80%    -       -       7,950    -       18,055    24,524    212    -     
1.85%    -       -       12,408    -       32,418    82,470    844    -     
1.90%    -       -       -       -       1,605    6,697    176    -     
1.95%    -       -       2,987    -       124,523    135,919    -       -     
2.00%    -       -       340    -       3,709    3,786    -       -     
2.05%    -       -       -       -       34,518    30,786    -       -     
2.10%    -       -       218    -       2,978    6,772    -       -     
2.15%    -       -       -       -       3,438    489    -       -     
2.20%    -       -       -       -       38,915    6,624    -       -     
2.25%    -       -       -       -       1,963    645    150    -     
2.30%    -       -       -       -       14,731    4,556    -       -     
2.35%    -       -       -       -       982    -       -       -     
2.40%    -       -       3,229    -       28,241    65,920    -       -     
2.45%    -       -       -       -       792    928    -       -     
2.50%    -       -       -       -       7,769    3,395    -       -     
2.55%    -       -       -       -       3,276    7,022    -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       -       -       219    554    -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       233    414    -       -     
2.80%    -       -       -       -       13    162    -       -     
2.85%    -       -       -       -       1,743    -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  173,830 $  50,787 $  85,348 $  10,857 $  903,569 $  1,160,992 $  7,804 $  64,969  

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

FQBS

 

FEMS2

 

FC2

 

FEIP

 

FVSS2

 

FHIP

 

FAMP

 

FB2

 

0.40%

$

  -  

 

 57

 

 177

 

  -  

 

  -  

 

  -  

 

  -  

 

  21,124

 

0.60%

 

  -  

 

 608

 

  1,905

 

  -  

 

  -  

 

  -  

 

  -  

 

  1,546

 

0.65%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

0.75%

 

  -  

 

 20

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

0.80%

 

  -  

 

  -  

 

  -  

 

  4,818

 

  -  

 

  1,498

 

 834

 

  -  

 

0.85%

 

  -  

 

  4,224

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

0.95%

 

  2,335

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

1.05%

 

 649

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

1.10%

 

 790

 

  -  

 

  -  

 

  -  

 

 416

 

  -  

 

  -  

 

  2,730

 

1.15%

 

  38,361

 

 912

 

  3,180

 

  -  

 

  14,546

 

  -  

 

  -  

 

  124,910

 

1.20%

 

  5,428

 

 291

 

  -  

 

  -  

 

  7,583

 

  -  

 

  -  

 

  -  

 

1.25%

 

  12,547

 

 10

 

  -  

 

  -  

 

  5,470

 

  -  

 

  -  

 

  10,854

 

1.30%

 

  -  

 

  21,256

 

  11,130

 

  2,535,270

 

  -  

 

  328,941

 

  967,681

 

  5,050,282

 

1.35%

 

  8,164

 

  2,174

 

  2,510

 

  -  

 

  3,358

 

  -  

 

  -  

 

  31,535

 

1.40%

 

  14,951

 

 528

 

 330

 

  994,981

 

  2,870

 

  175,642

 

  188,659

 

  17,276

 

1.45%

 

  10,889

 

  -  

 

  -  

 

  -  

 

 936

 

  -  

 

  -  

 

  3,358

 

1.50%

 

  6,115

 

  27,381

 

  9,900

 

  -  

 

  2,579

 

  -  

 

  -  

 

  799,729

 

1.55%

 

  70,853

 

 852

 

 824

 

  -  

 

  18,257

 

  -  

 

  -  

 

  26,775

 

1.60%

 

  4,190

 

  3,710

 

  1,136

 

  -  

 

 345

 

  -  

 

  -  

 

  77,608

 

1.65%

 

  3,717

 

  5,216

 

  1,231

 

  -  

 

 479

 

  -  

 

  -  

 

  122,272

 

1.70%

 

  3,850

 

 331

 

 219

 

  -  

 

 296

 

  -  

 

  -  

 

 629

 

1.75%

 

  29,016

 

  1,305

 

  2,025

 

  -  

 

  2,134

 

  -  

 

  -  

 

  270,489

 

1.80%

 

  7,816

 

  2,541

 

 738

 

  -  

 

  4,841

 

  -  

 

  -  

 

  89,172

 

1.85%

 

  1,043

 

  2,607

 

 569

 

  -  

 

  1,302

 

  -  

 

  -  

 

  195,776

 

1.90%

 

 701

 

  -  

 

  -  

 

  -  

 

  2,831

 

  -  

 

  -  

 

  -  

 

1.95%

 

  -  

 

  10,361

 

  2,248

 

  -  

 

  2,235

 

  -  

 

  -  

 

  322,205

 

2.00%

 

 106

 

 468

 

 197

 

  -  

 

  -  

 

  -  

 

  -  

 

  1,829

 

2.05%

 

  3,812

 

  10,837

 

 531

 

  -  

 

 196

 

  -  

 

  -  

 

  17,524

 

2.10%

 

 176

 

 379

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  15,121

 

2.15%

 

  1,788

 

 77

 

  -  

 

  -  

 

 73

 

  -  

 

  -  

 

  6,026

 

2.20%

 

  8,562

 

  2,193

 

 187

 

  -  

 

  -  

 

  -  

 

  -  

 

  31,771

 

2.25%

 

 517

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  2,319

 

2.30%

 

 466

 

 629

 

 211

 

  -  

 

 180

 

  -  

 

  -  

 

  13,605

 

2.35%

 

  -  

 

 863

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.40%

 

  -  

 

  1,380

 

 880

 

  -  

 

  -  

 

  -  

 

  -  

 

  13,413

 

2.45%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  2,804

 

2.50%

 

  -  

 

 250

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  29,856

 

2.55%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

 174

 

2.60%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.65%

 

  -  

 

 182

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.70%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.75%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.80%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.85%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.90%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

2.95%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

3.00%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

3.05%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

3.10%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

3.40%

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

  -  

 

Totals

$

 236,842

$

 101,642

$

 40,128

$

 3,535,069

$

 70,927

$

 506,081

$

 1,157,174

$

 7,302,712

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

FNRS2

 

FEI2

 

FF10S

 

FF10S2

 

FF20S

 

FF20S2

 

FF30S

 

FF30S2

 

0.40%

$

 473

 

 877

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.60%

 

 1,576

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.65%

 

 41

 

 1,707

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.75%

 

 943

 

 2,264

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.80%

 

 1,416

 

 -  

 

 677

 

 -  

 

 363

 

 -  

 

 2,314

 

 -  

 

0.85%

 

 4,293

 

 9,373

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.95%

 

 1,053

 

 890

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.05%

 

 531

 

 107

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.10%

 

 2,614

 

 33,279

 

 -  

 

 52,210

 

 -  

 

 191,972

 

 -  

 

 1,045

 

1.15%

 

 62,543

 

 328,675

 

 -  

 

 224,618

 

 -  

 

 894,301

 

 -  

 

 56,354

 

1.20%

 

 390

 

 1,633

 

 -  

 

 1,168

 

 -  

 

 3,591

 

 -  

 

 130

 

1.25%

 

 4,563

 

 35,270

 

 -  

 

 5,275

 

 -  

 

 51,748

 

 -  

 

 28,587

 

1.30%

 

 171,001

 

 1,022,751

 

 43,889

 

 1,596,880

 

 105,701

 

 1,607,421

 

 145,482

 

 136,608

 

1.35%

 

 19,564

 

 103,213

 

 -  

 

 59,874

 

 -  

 

 176,393

 

 -  

 

 46,662

 

1.40%

 

 17,994

 

 13,861

 

 20,501

 

 14,749

 

 9,098

 

 13,588

 

 13,989

 

 2,572

 

1.45%

 

 4,756

 

 49,158

 

 -  

 

 14,217

 

 -  

 

 42,496

 

 -  

 

 2,364

 

1.50%

 

 163,520

 

 665,292

 

 -  

 

 344,583

 

 -  

 

 503,358

 

 -  

 

 219,064

 

1.55%

 

 44,867

 

 219,711

 

 -  

 

 101,165

 

 -  

 

 359,346

 

 -  

 

 36,656

 

1.60%

 

 31,175

 

 182,518

 

 -  

 

 40,431

 

 -  

 

 66,162

 

 -  

 

 27,577

 

1.65%

 

 22,123

 

 87,326

 

 -  

 

 56,139

 

 -  

 

 45,001

 

 -  

 

 16,063

 

1.70%

 

 1,949

 

 10,773

 

 -  

 

 8,027

 

 -  

 

 13,152

 

 -  

 

 434

 

1.75%

 

 125,328

 

 587,869

 

 -  

 

 551,194

 

 -  

 

 1,112,506

 

 -  

 

 127,488

 

1.80%

 

 16,788

 

 74,064

 

 -  

 

 20,669

 

 -  

 

 30,450

 

 -  

 

 12,507

 

1.85%

 

 43,888

 

 166,833

 

 -  

 

 189,176

 

 -  

 

 123,459

 

 -  

 

 20,926

 

1.90%

 

 3,217

 

 7,461

 

 -  

 

 6,825

 

 -  

 

 28,104

 

 -  

 

 17,997

 

1.95%

 

 150,659

 

 498,928

 

 -  

 

 143,608

 

 -  

 

 302,487

 

 -  

 

 213,907

 

2.00%

 

 3,298

 

 29,980

 

 -  

 

 7,267

 

 -  

 

 28,659

 

 -  

 

 4,371

 

2.05%

 

 23,019

 

 87,726

 

 -  

 

 30,951

 

 -  

 

 21,172

 

 -  

 

 19,279

 

2.10%

 

 11,199

 

 48,138

 

 -  

 

 14,191

 

 -  

 

 41,391

 

 -  

 

 20,477

 

2.15%

 

 4,023

 

 27,911

 

 -  

 

 6,633

 

 -  

 

 5,480

 

 -  

 

 4,749

 

2.20%

 

 26,083

 

 56,080

 

 -  

 

 53,402

 

 -  

 

 102,512

 

 -  

 

 7,681

 

2.25%

 

 1,051

 

 6,274

 

 -  

 

 463

 

 -  

 

 975

 

 -  

 

 2,202

 

2.30%

 

 13,041

 

 26,171

 

 -  

 

 14,008

 

 -  

 

 32,747

 

 -  

 

 10,951

 

2.35%

 

 853

 

 2,307

 

 -  

 

 129

 

 -  

 

 5,683

 

 -  

 

 -  

 

2.40%

 

 22,432

 

 39,505

 

 -  

 

 9,795

 

 -  

 

 43,108

 

 -  

 

 17,600

 

2.45%

 

 792

 

 6,644

 

 -  

 

 1,219

 

 -  

 

 227

 

 -  

 

 1,121

 

2.50%

 

 8,789

 

 18,646

 

 -  

 

 37,894

 

 -  

 

 6,553

 

 -  

 

 13,194

 

2.55%

 

 6,190

 

 3,597

 

 -  

 

 2,406

 

 -  

 

 5,427

 

 -  

 

 436

 

2.60%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 1,192

 

2.65%

 

 156

 

 424

 

 -  

 

 677

 

 -  

 

 -  

 

 -  

 

 -  

 

2.70%

 

 -  

 

 94

 

 -  

 

 -  

 

 -  

 

 1,768

 

 -  

 

 -  

 

2.75%

 

 1,828

 

 9,152

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.80%

 

 68

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.85%

 

 206

 

 356

 

 -  

 

 8,659

 

 -  

 

 -  

 

 -  

 

 -  

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 1,020,293

$

 4,466,838

$

 65,067

$

 3,618,502

$

 115,162

$

 5,861,237

$

 161,785

$

 1,070,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

FGI2

 

FGP

 

FG2

 

FIGBS

 

FIGBP2

 

FMCS

 

FMC2

 

FOP

 

0.40%

$

 21,114

 

 -  

 

 9,792

 

 -  

 

 28,514

 

 -  

 

 2,159

 

 -  

 

0.60%

 

 6,071

 

 -  

 

 8,000

 

 -  

 

 4,398

 

 -  

 

 1,108

 

 -  

 

0.65%

 

 -  

 

 -  

 

 1,389

 

 -  

 

 1,862

 

 -  

 

 1,348

 

 -  

 

0.75%

 

 -  

 

 -  

 

 8,833

 

 -  

 

 13,228

 

 -  

 

 3,919

 

 -  

 

0.80%

 

 -  

 

 17,013

 

 -  

 

 1,467

 

 -  

 

 4,597

 

 -  

 

 1,366

 

0.85%

 

 -  

 

 -  

 

 14,117

 

 -  

 

 20,151

 

 -  

 

 6,991

 

 -  

 

0.95%

 

 -  

 

 -  

 

 1,565

 

 -  

 

 2,192

 

 -  

 

 1,744

 

 -  

 

1.05%

 

 -  

 

 -  

 

 2,523

 

 -  

 

 4,073

 

 -  

 

 4,874

 

 -  

 

1.10%

 

 80

 

 -  

 

 23,012

 

 -  

 

 66,297

 

 -  

 

 33,503

 

 -  

 

1.15%

 

 78,623

 

 -  

 

 251,879

 

 -  

 

 595,356

 

 -  

 

 407,265

 

 -  

 

1.20%

 

 -  

 

 -  

 

 10,346

 

 -  

 

 4,066

 

 -  

 

 1,505

 

 -  

 

1.25%

 

 119

 

 -  

 

 24,540

 

 -  

 

 29,950

 

 -  

 

 31,356

 

 -  

 

1.30%

 

 4,267,291

 

 4,188,360

 

 1,341,299

 

 125,902

 

 5,651,873

 

 162,512

 

 566,442

 

 544,374

 

1.35%

 

 6,442

 

 -  

 

 119,960

 

 -  

 

 116,037

 

 -  

 

 124,710

 

 -  

 

1.40%

 

 3,214

 

 974,309

 

 11,144

 

 48,154

 

 39,009

 

 49,975

 

 15,869

 

 111,645

 

1.45%

 

 3,876

 

 -  

 

 33,707

 

 -  

 

 60,663

 

 -  

 

 40,399

 

 -  

 

1.50%

 

 525,913

 

 -  

 

 1,115,203

 

 -  

 

 833,324

 

 -  

 

 399,663

 

 -  

 

1.55%

 

 8,334

 

 -  

 

 167,758

 

 -  

 

 433,151

 

 -  

 

 266,858

 

 -  

 

1.60%

 

 19,379

 

 -  

 

 271,287

 

 -  

 

 96,216

 

 -  

 

 131,606

 

 -  

 

1.65%

 

 76,379

 

 -  

 

 152,827

 

 -  

 

 147,453

 

 -  

 

 60,846

 

 -  

 

1.70%

 

 -  

 

 -  

 

 13,321

 

 -  

 

 18,461

 

 -  

 

 12,104

 

 -  

 

1.75%

 

 152,126

 

 -  

 

 660,661

 

 -  

 

 1,041,902

 

 -  

 

 603,534

 

 -  

 

1.80%

 

 58,188

 

 -  

 

 72,327

 

 -  

 

 89,380

 

 -  

 

 62,049

 

 -  

 

1.85%

 

 183,100

 

 -  

 

 295,645

 

 -  

 

 326,796

 

 -  

 

 157,067

 

 -  

 

1.90%

 

 -  

 

 -  

 

 24,230

 

 -  

 

 18,058

 

 -  

 

 8,753

 

 -  

 

1.95%

 

 232,460

 

 -  

 

 890,788

 

 -  

 

 386,739

 

 -  

 

 363,952

 

 -  

 

2.00%

 

 2,514

 

 -  

 

 33,984

 

 -  

 

 21,451

 

 -  

 

 15,216

 

 -  

 

2.05%

 

 79,222

 

 -  

 

 130,085

 

 -  

 

 58,065

 

 -  

 

 41,552

 

 -  

 

2.10%

 

 8,784

 

 -  

 

 81,068

 

 -  

 

 55,170

 

 -  

 

 43,910

 

 -  

 

2.15%

 

 -  

 

 -  

 

 10,148

 

 -  

 

 16,853

 

 -  

 

 17,368

 

 -  

 

2.20%

 

 12,288

 

 -  

 

 110,719

 

 -  

 

 49,149

 

 -  

 

 79,777

 

 -  

 

2.25%

 

 -  

 

 -  

 

 5,625

 

 -  

 

 2,939

 

 -  

 

 2,080

 

 -  

 

2.30%

 

 6,560

 

 -  

 

 62,618

 

 -  

 

 25,882

 

 -  

 

 35,189

 

 -  

 

2.35%

 

 4,687

 

 -  

 

 5,469

 

 -  

 

 21,318

 

 -  

 

 1,352

 

 -  

 

2.40%

 

 14,944

 

 -  

 

 124,537

 

 -  

 

 72,439

 

 -  

 

 33,470

 

 -  

 

2.45%

 

 6,138

 

 -  

 

 2,338

 

 -  

 

 3,622

 

 -  

 

 3,523

 

 -  

 

2.50%

 

 27,051

 

 -  

 

 29,845

 

 -  

 

 52,116

 

 -  

 

 13,433

 

 -  

 

2.55%

 

 659

 

 -  

 

 4,868

 

 -  

 

 2,403

 

 -  

 

 2,389

 

 -  

 

2.60%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 352

 

 -  

 

2.65%

 

 1,380

 

 -  

 

 5,975

 

 -  

 

 2,127

 

 -  

 

 2,251

 

 -  

 

2.70%

 

 -  

 

 -  

 

 654

 

 -  

 

 476

 

 -  

 

 659

 

 -  

 

2.75%

 

 -  

 

 -  

 

 1,863

 

 -  

 

 -  

 

 -  

 

 1,744

 

 -  

 

2.80%

 

 -  

 

 -  

 

 1,216

 

 -  

 

 751

 

 -  

 

 1,070

 

 -  

 

2.85%

 

 -  

 

 -  

 

 3,612

 

 -  

 

 893

 

 -  

 

 427

 

 -  

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 261

 

 -  

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 5,806,936

$

 5,179,682

$

 6,140,777

$

 175,523

$

 10,415,064

$

 217,084

$

 3,605,386

$

 657,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

FO2

 

FVSS

 

FRESS2

 

FTVIS2

 

FTVRD2

 

FTVSV2

 

FTVMD2

 

FTVDM2

 

0.40%

$

 692

 

 -  

 

 1,848

 

 1,427

 

 -  

 

 365

 

 3,771

 

 -  

 

0.60%

 

 -  

 

 -  

 

 2,081

 

 1,968

 

 -  

 

 -  

 

 1,917

 

 -  

 

0.65%

 

 1,026

 

 -  

 

 -  

 

 324

 

 -  

 

 498

 

 -  

 

 -  

 

0.75%

 

 2,018

 

 -  

 

 -  

 

 5,453

 

 -  

 

 1,835

 

 -  

 

 -  

 

0.80%

 

 -  

 

 288

 

 -  

 

 829

 

 -  

 

 1,186

 

 -  

 

 298

 

0.85%

 

 3,701

 

 -  

 

 -  

 

 4,370

 

 -  

 

 4,327

 

 -  

 

 1,652

 

0.95%

 

 810

 

 -  

 

 -  

 

 2,018

 

 2,009

 

 4,061

 

 -  

 

 108

 

1.05%

 

 1,045

 

 -  

 

 -  

 

 1,883

 

 2,725

 

 930

 

 -  

 

 645

 

1.10%

 

 10,467

 

 -  

 

 315

 

 16,147

 

 2,144

 

 17,932

 

 -  

 

 1,891

 

1.15%

 

 94,589

 

 -  

 

 2,198

 

 164,476

 

 100,980

 

 171,024

 

 -  

 

 24,337

 

1.20%

 

 605

 

 -  

 

 -  

 

 125

 

 1,045

 

 13,230

 

 -  

 

 -  

 

1.25%

 

 9,792

 

 -  

 

 376

 

 18,128

 

 27,509

 

 18,728

 

 -  

 

 1,310

 

1.30%

 

 360,381

 

 40,152

 

 23,845

 

 573,996

 

 1,281

 

 133,936

 

 -  

 

 15,600

 

1.35%

 

 35,496

 

 -  

 

 1,862

 

 116,396

 

 27,769

 

 49,567

 

 -  

 

 6,020

 

1.40%

 

 3,984

 

 9,942

 

 466

 

 110,659

 

 12,556

 

 31,161

 

 -  

 

 11,371

 

1.45%

 

 16,786

 

 -  

 

 17

 

 27,078

 

 21,589

 

 28,372

 

 -  

 

 1,939

 

1.50%

 

 194,563

 

 -  

 

 36,438

 

 603,972

 

 19,185

 

 56,131

 

 -  

 

 6,119

 

1.55%

 

 65,568

 

 -  

 

 2,057

 

 119,977

 

 139,602

 

 175,107

 

 -  

 

 19,831

 

1.60%

 

 26,897

 

 -  

 

 3,698

 

 259,465

 

 9,986

 

 32,441

 

 -  

 

 2,141

 

1.65%

 

 22,375

 

 -  

 

 10,568

 

 90,253

 

 2,482

 

 16,416

 

 -  

 

 1,207

 

1.70%

 

 3,543

 

 -  

 

 -  

 

 9,982

 

 7,550

 

 4,586

 

 -  

 

 888

 

1.75%

 

 232,349

 

 -  

 

 3,525

 

 507,115

 

 47,529

 

 231,008

 

 -  

 

 18,882

 

1.80%

 

 15,177

 

 -  

 

 3,102

 

 90,915

 

 21,441

 

 9,279

 

 -  

 

 3,847

 

1.85%

 

 64,852

 

 -  

 

 3,079

 

 63,628

 

 11,585

 

 20,690

 

 -  

 

 249

 

1.90%

 

 4,200

 

 -  

 

 284

 

 979

 

 9,492

 

 2,689

 

 -  

 

 1,704

 

1.95%

 

 160,227

 

 -  

 

 12,018

 

 534,192

 

 5,615

 

 44,131

 

 -  

 

 6,458

 

2.00%

 

 4,370

 

 -  

 

 868

 

 13,605

 

 37

 

 8,568

 

 -  

 

 36

 

2.05%

 

 15,354

 

 -  

 

 10,414

 

 24,559

 

 5,939

 

 6,472

 

 -  

 

 560

 

2.10%

 

 20,674

 

 -  

 

 144

 

 38,401

 

 5,752

 

 14,958

 

 -  

 

 1,124

 

2.15%

 

 2,348

 

 -  

 

 2

 

 10,951

 

 930

 

 8,406

 

 -  

 

 2,718

 

2.20%

 

 27,350

 

 -  

 

 714

 

 67,592

 

 8,255

 

 17,235

 

 -  

 

 223

 

2.25%

 

 2,397

 

 -  

 

 144

 

 5,842

 

 188

 

 750

 

 -  

 

 127

 

2.30%

 

 21,596

 

 -  

 

 613

 

 53,997

 

 833

 

 8,024

 

 -  

 

 1,613

 

2.35%

 

 853

 

 -  

 

 897

 

 545

 

 -  

 

 8,046

 

 -  

 

 195

 

2.40%

 

 13,208

 

 -  

 

 2,779

 

 110,732

 

 106

 

 54

 

 -  

 

 -  

 

2.45%

 

 942

 

 -  

 

 -  

 

 2,986

 

 -  

 

 86

 

 -  

 

 -  

 

2.50%

 

 4,936

 

 -  

 

 311

 

 9,137

 

 263

 

 1,274

 

 -  

 

 174

 

2.55%

 

 658

 

 -  

 

 -  

 

 41,555

 

 -  

 

 1,158

 

 -  

 

 -  

 

2.60%

 

 -  

 

 -  

 

 -  

 

 485

 

 -  

 

 -  

 

 -  

 

 -  

 

2.65%

 

 534

 

 -  

 

 192

 

 2,681

 

 -  

 

 161

 

 -  

 

 -  

 

2.70%

 

 323

 

 -  

 

 -  

 

 -  

 

 -  

 

 387

 

 -  

 

 -  

 

2.75%

 

 173

 

 -  

 

 -  

 

 53,030

 

 -  

 

 -  

 

 -  

 

 -  

 

2.80%

 

 305

 

 -  

 

 -  

 

 572

 

 -  

 

 -  

 

 -  

 

 -  

 

2.85%

 

 451

 

 -  

 

 -  

 

 331

 

 -  

 

 -  

 

 -  

 

 -  

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 88

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 1,447,615

$

 50,382

$

 124,855

$

 3,762,756

$

 496,377

$

 1,145,297

$

 5,688

$

 133,267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

TIF2

 

FTVGI2

 

FTVFA2

 

FTVSI2

 

GVMSAS

 

GVSSCS

 

GVGMNS

 

RSRF

 

0.40%

$

 -  

 

 3,581

 

 2,235

 

 3,986

 

 -  

 

 2,462

 

 121

 

 22

 

0.60%

 

 -  

 

 1,717

 

 147

 

 2,581

 

 -  

 

 434

 

 -  

 

 -  

 

0.65%

 

 -  

 

 44

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.75%

 

 485

 

 2,392

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.80%

 

 261

 

 915

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.85%

 

 -  

 

 1,417

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.95%

 

 1,037

 

 1,656

 

 341

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.05%

 

 473

 

 2,148

 

 521

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.10%

 

 12,257

 

 3,514

 

 2,605

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.15%

 

 79,430

 

 77,911

 

 21,361

 

 -  

 

 -  

 

 -  

 

 1,810

 

 -  

 

1.20%

 

 376

 

 107

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.25%

 

 9,393

 

 7,603

 

 3,453

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.30%

 

 15,096

 

 268,825

 

 201,809

 

 -  

 

 4,208

 

 -  

 

 26,471

 

 -  

 

1.35%

 

 16,802

 

 41,972

 

 23,642

 

 -  

 

 -  

 

 -  

 

 362

 

 -  

 

1.40%

 

 9,070

 

 37,564

 

 2,433

 

 -  

 

 -  

 

 -  

 

 87

 

 -  

 

1.45%

 

 17,346

 

 25,215

 

 2,191

 

 -  

 

 -  

 

 -  

 

 26

 

 -  

 

1.50%

 

 19,157

 

 280,253

 

 257,944

 

 -  

 

 8,644

 

 -  

 

 45,444

 

 -  

 

1.55%

 

 71,172

 

 56,693

 

 22,215

 

 -  

 

 -  

 

 -  

 

 49

 

 -  

 

1.60%

 

 6,015

 

 128,828

 

 108,894

 

 -  

 

 99

 

 -  

 

 8,657

 

 -  

 

1.65%

 

 6,355

 

 35,380

 

 30,011

 

 -  

 

 -  

 

 -  

 

 2,713

 

 -  

 

1.70%

 

 4,069

 

 4,829

 

 1,979

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.75%

 

 98,608

 

 196,560

 

 213,280

 

 -  

 

 846

 

 -  

 

 26,745

 

 -  

 

1.80%

 

 8,335

 

 49,303

 

 26,042

 

 -  

 

 475

 

 -  

 

 1,862

 

 -  

 

1.85%

 

 5,286

 

 33,041

 

 14,014

 

 -  

 

 22

 

 -  

 

 13,434

 

 -  

 

1.90%

 

 1,236

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.95%

 

 13,169

 

 231,916

 

 267,732

 

 -  

 

 673

 

 -  

 

 27,176

 

 -  

 

2.00%

 

 1,213

 

 5,425

 

 17,182

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.05%

 

 1,912

 

 23,164

 

 37,378

 

 -  

 

 -  

 

 -  

 

 4,628

 

 -  

 

2.10%

 

 7,348

 

 9,909

 

 17,230

 

 -  

 

 98

 

 -  

 

 2,934

 

 -  

 

2.15%

 

 2,598

 

 11,449

 

 4,059

 

 -  

 

 -  

 

 -  

 

 142

 

 -  

 

2.20%

 

 4,072

 

 38,912

 

 56,039

 

 -  

 

 -  

 

 -  

 

 4,192

 

 -  

 

2.25%

 

 1,079

 

 4,682

 

 2,725

 

 -  

 

 -  

 

 -  

 

 710

 

 -  

 

2.30%

 

 2,555

 

 14,672

 

 26,223

 

 -  

 

 -  

 

 -  

 

 356

 

 -  

 

2.35%

 

 1,098

 

 392

 

 1,444

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.40%

 

 -  

 

 29,920

 

 39,784

 

 -  

 

 -  

 

 -  

 

 1,136

 

 -  

 

2.45%

 

 142

 

 477

 

 918

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.50%

 

 38

 

 7,157

 

 14,059

 

 -  

 

 -  

 

 -  

 

 126

 

 -  

 

2.55%

 

 -  

 

 4,888

 

 2,881

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.60%

 

 -  

 

 656

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.65%

 

 -  

 

 30

 

 1,266

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.70%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.75%

 

 -  

 

 1,539

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.80%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.85%

 

 -  

 

 182

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 417,483

$

 1,646,838

$

 1,424,037

$

 6,567

$

 15,065

$

 2,896

$

 169,181

$

 22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

RVARS

 

ACEG2

 

IVMCC2

 

IVKMG2

 

IVBRA1

 

OVIGS

 

OVMS

 

OVB

 

0.40%

$

 449

 

 -  

 

 111

 

 -  

 

 574

 

 -  

 

 -  

 

 -  

 

0.60%

 

 827

 

 -  

 

 -  

 

 -  

 

 344

 

 -  

 

 -  

 

 -  

 

0.65%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

0.75%

 

 -  

 

 -  

 

 -  

 

 1,277

 

 -  

 

 -  

 

 -  

 

 -  

 

0.80%

 

 -  

 

 814

 

 -  

 

 597

 

 -  

 

 -  

 

 509

 

 313

 

0.85%

 

 -  

 

 -  

 

 202

 

 1,072

 

 -  

 

 -  

 

 -  

 

 -  

 

0.95%

 

 -  

 

 802

 

 -  

 

 1,274

 

 -  

 

 -  

 

 -  

 

 -  

 

1.05%

 

 -  

 

 85

 

 -  

 

 455

 

 -  

 

 -  

 

 -  

 

 -  

 

1.10%

 

 -  

 

 23

 

 176

 

 1,850

 

 -  

 

 439

 

 -  

 

 -  

 

1.15%

 

 4,616

 

 14,485

 

 3,647

 

 27,637

 

 -  

 

 16,149

 

 -  

 

 -  

 

1.20%

 

 -  

 

 17

 

 -  

 

 776

 

 -  

 

 -  

 

 -  

 

 -  

 

1.25%

 

 26

 

 1,301

 

 75

 

 6,894

 

 -  

 

 1,051

 

 -  

 

 -  

 

1.30%

 

 31,561

 

 5,997

 

 48,130

 

 40,797

 

 -  

 

 273,639

 

 215,556

 

 134,992

 

1.35%

 

 4,718

 

 831

 

 2,625

 

 7,362

 

 -  

 

 7,962

 

 -  

 

 -  

 

1.40%

 

 503

 

 5,838

 

 230

 

 2,931

 

 -  

 

 574

 

 98,384

 

 79,559

 

1.45%

 

 105

 

 980

 

 19

 

 3,169

 

 -  

 

 2,430

 

 -  

 

 -  

 

1.50%

 

 49,230

 

 4,520

 

 31,250

 

 13,759

 

 -  

 

 195,588

 

 -  

 

 -  

 

1.55%

 

 1,611

 

 12,170

 

 2,446

 

 24,359

 

 -  

 

 6,622

 

 -  

 

 -  

 

1.60%

 

 14,333

 

 938

 

 7,038

 

 2,533

 

 -  

 

 9,782

 

 -  

 

 -  

 

1.65%

 

 6,715

 

 39

 

 5,210

 

 1,298

 

 -  

 

 20,132

 

 -  

 

 -  

 

1.70%

 

 -  

 

 1,376

 

 330

 

 628

 

 -  

 

 1,037

 

 -  

 

 -  

 

1.75%

 

 22,183

 

 3,560

 

 39,716

 

 39,276

 

 -  

 

 74,344

 

 -  

 

 -  

 

1.80%

 

 6,038

 

 1,016

 

 1,796

 

 2,219

 

 -  

 

 9,041

 

 -  

 

 -  

 

1.85%

 

 3,956

 

 1,961

 

 5,839

 

 3,786

 

 -  

 

 33,608

 

 -  

 

 -  

 

1.90%

 

 -  

 

 200

 

 -  

 

 933

 

 -  

 

 601

 

 -  

 

 -  

 

1.95%

 

 55,608

 

 5,035

 

 43,631

 

 15,666

 

 -  

 

 148,093

 

 -  

 

 -  

 

2.00%

 

 5,847

 

 25

 

 384

 

 772

 

 -  

 

 1,730

 

 -  

 

 -  

 

2.05%

 

 2,797

 

 1,643

 

 3,488

 

 652

 

 -  

 

 9,434

 

 -  

 

 -  

 

2.10%

 

 2,554

 

 798

 

 8,325

 

 16,915

 

 -  

 

 5,984

 

 -  

 

 -  

 

2.15%

 

 1,136

 

 229

 

 3,040

 

 1,191

 

 -  

 

 656

 

 -  

 

 -  

 

2.20%

 

 9,759

 

 2,423

 

 3,391

 

 455

 

 -  

 

 9,348

 

 -  

 

 -  

 

2.25%

 

 1,414

 

 -  

 

 964

 

 134

 

 -  

 

 942

 

 -  

 

 -  

 

2.30%

 

 2,497

 

 -  

 

 14,219

 

 1,377

 

 -  

 

 12,870

 

 -  

 

 -  

 

2.35%

 

 -  

 

 154

 

 358

 

 203

 

 -  

 

 -  

 

 -  

 

 -  

 

2.40%

 

 6,489

 

 -  

 

 5,501

 

 -  

 

 -  

 

 15,368

 

 -  

 

 -  

 

2.45%

 

 745

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.50%

 

 930

 

 -  

 

 1,392

 

 146

 

 -  

 

 5,865

 

 -  

 

 -  

 

2.55%

 

 403

 

 -  

 

 7,088

 

 -  

 

 -  

 

 876

 

 -  

 

 -  

 

2.60%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.65%

 

 -  

 

 -  

 

 72

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.70%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.75%

 

 -  

 

 -  

 

 232

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.80%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.85%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 381

 

 -  

 

 -  

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 237,050

$

 67,260

$

 240,925

$

 222,393

$

 918

$

 864,546

$

 314,449

$

 214,864

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

OVGS

 

OVGSS

 

OVIG

 

OVGI

 

OVGIS

 

OVSC

 

OVSCS

 

OVAG

 

0.40%

$

 2,545

 

 -  

 

 4,625

 

 2,394

 

 1,970

 

 -  

 

 393

 

 -  

 

0.60%

 

 1,212

 

 -  

 

 2,258

 

 956

 

 -  

 

 -  

 

 -  

 

 -  

 

0.65%

 

 -  

 

 177

 

 -  

 

 -  

 

 2,203

 

 -  

 

 584

 

 -  

 

0.75%

 

 -  

 

 2,976

 

 -  

 

 -  

 

 4,480

 

 -  

 

 1,688

 

 -  

 

0.80%

 

 2,629

 

 -  

 

 -  

 

 249

 

 -  

 

 422

 

 -  

 

 751

 

0.85%

 

 -  

 

 2,638

 

 -  

 

 -  

 

 8,430

 

 -  

 

 2,023

 

 -  

 

0.95%

 

 -  

 

 12,114

 

 -  

 

 -  

 

 1,397

 

 -  

 

 2,004

 

 -  

 

1.05%

 

 -  

 

 6,433

 

 -  

 

 -  

 

 863

 

 -  

 

 3,401

 

 -  

 

1.10%

 

 -  

 

 3,966

 

 -  

 

 -  

 

 36,866

 

 -  

 

 7,100

 

 -  

 

1.15%

 

 -  

 

 168,541

 

 -  

 

 -  

 

 321,567

 

 -  

 

 99,449

 

 -  

 

1.20%

 

 -  

 

 1,600

 

 -  

 

 -  

 

 3,303

 

 -  

 

 -  

 

 -  

 

1.25%

 

 -  

 

 37,296

 

 -  

 

 -  

 

 25,679

 

 -  

 

 6,691

 

 -  

 

1.30%

 

 1,208,403

 

 302,299

 

 -  

 

 105,566

 

 385,091

 

 52,794

 

 295,233

 

 120,092

 

1.35%

 

 -  

 

 96,092

 

 -  

 

 -  

 

 87,953

 

 -  

 

 48,545

 

 -  

 

1.40%

 

 497,558

 

 8,829

 

 -  

 

 34,240

 

 27,630

 

 19,618

 

 5,967

 

 24,397

 

1.45%

 

 -  

 

 34,608

 

 -  

 

 -  

 

 30,970

 

 -  

 

 14,066

 

 -  

 

1.50%

 

 -  

 

 341,130

 

 -  

 

 -  

 

 255,062

 

 -  

 

 260,652

 

 -  

 

1.55%

 

 -  

 

 90,921

 

 -  

 

 -  

 

 322,277

 

 -  

 

 87,923

 

 -  

 

1.60%

 

 -  

 

 71,475

 

 -  

 

 -  

 

 61,449

 

 -  

 

 41,228

 

 -  

 

1.65%

 

 -  

 

 21,690

 

 -  

 

 -  

 

 46,457

 

 -  

 

 28,535

 

 -  

 

1.70%

 

 -  

 

 5,216

 

 -  

 

 -  

 

 7,144

 

 -  

 

 2,693

 

 -  

 

1.75%

 

 -  

 

 186,422

 

 -  

 

 -  

 

 605,347

 

 -  

 

 210,964

 

 -  

 

1.80%

 

 -  

 

 41,806

 

 -  

 

 -  

 

 22,341

 

 -  

 

 25,397

 

 -  

 

1.85%

 

 -  

 

 38,548

 

 -  

 

 -  

 

 146,339

 

 -  

 

 37,156

 

 -  

 

1.90%

 

 -  

 

 2,528

 

 -  

 

 -  

 

 6,491

 

 -  

 

 2,901

 

 -  

 

1.95%

 

 -  

 

 162,307

 

 -  

 

 -  

 

 220,600

 

 -  

 

 176,441

 

 -  

 

2.00%

 

 -  

 

 3,004

 

 -  

 

 -  

 

 9,452

 

 -  

 

 4,726

 

 -  

 

2.05%

 

 -  

 

 56,014

 

 -  

 

 -  

 

 19,259

 

 -  

 

 22,560

 

 -  

 

2.10%

 

 -  

 

 26,278

 

 -  

 

 -  

 

 30,112

 

 -  

 

 33,829

 

 -  

 

2.15%

 

 -  

 

 2,190

 

 -  

 

 -  

 

 5,151

 

 -  

 

 3,986

 

 -  

 

2.20%

 

 -  

 

 53,898

 

 -  

 

 -  

 

 34,294

 

 -  

 

 26,255

 

 -  

 

2.25%

 

 -  

 

 739

 

 -  

 

 -  

 

 3,438

 

 -  

 

 2,164

 

 -  

 

2.30%

 

 -  

 

 23,808

 

 -  

 

 -  

 

 23,595

 

 -  

 

 27,859

 

 -  

 

2.35%

 

 -  

 

 3,221

 

 -  

 

 -  

 

 13,841

 

 -  

 

 282

 

 -  

 

2.40%

 

 -  

 

 45,220

 

 -  

 

 -  

 

 40,425

 

 -  

 

 22,600

 

 -  

 

2.45%

 

 -  

 

 152

 

 -  

 

 -  

 

 1,246

 

 -  

 

 638

 

 -  

 

2.50%

 

 -  

 

 8,539

 

 -  

 

 -  

 

 9,844

 

 -  

 

 4,174

 

 -  

 

2.55%

 

 -  

 

 13,422

 

 -  

 

 -  

 

 5,063

 

 -  

 

 3,247

 

 -  

 

2.60%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 352

 

 -  

 

2.65%

 

 -  

 

 1,015

 

 -  

 

 -  

 

 327

 

 -  

 

 3,674

 

 -  

 

2.70%

 

 -  

 

 -  

 

 -  

 

 -  

 

 310

 

 -  

 

 -  

 

 -  

 

2.75%

 

 -  

 

 3,023

 

 -  

 

 -  

 

 1,266

 

 -  

 

 -  

 

 -  

 

2.80%

 

 -  

 

 100

 

 -  

 

 -  

 

 108

 

 -  

 

 -  

 

 -  

 

2.85%

 

 -  

 

 -  

 

 -  

 

 -  

 

 1,424

 

 -  

 

 356

 

 -  

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 178

 

 -  

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 1,712,347

$

 1,880,235

$

 6,883

$

 143,405

$

 2,831,242

$

 72,834

$

 1,517,736

$

 145,240

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

OVSB

 

OVSBS

 

WRPMCV

 

WRPMAV

 

WRPMMV

 

WRASP

 

WRENG

 

WRHIP

 

0.40%

$

 -  

 

 -  

 

 6,210

 

 23,226

 

 12,284

 

 766

 

 24

 

 609

 

0.60%

 

 -  

 

 -  

 

 963

 

 8,440

 

 12,232

 

 2,401

 

 -  

 

 2,473

 

0.65%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 7

 

 -  

 

 1,093

 

0.75%

 

 -  

 

 64

 

 -  

 

 -  

 

 -  

 

 2,732

 

 -  

 

 1,240

 

0.80%

 

 881

 

 -  

 

 -  

 

 -  

 

 -  

 

 586

 

 -  

 

 -  

 

0.85%

 

 -  

 

 510

 

 -  

 

 -  

 

 -  

 

 137

 

 -  

 

 601

 

0.95%

 

 -  

 

 613

 

 -  

 

 -  

 

 -  

 

 162

 

 -  

 

 -  

 

1.05%

 

 -  

 

 1,037

 

 -  

 

 -  

 

 -  

 

 418

 

 -  

 

 -  

 

1.10%

 

 -  

 

 158

 

 -  

 

 -  

 

 -  

 

 4,017

 

 -  

 

 554

 

1.15%

 

 -  

 

 14,491

 

 -  

 

 -  

 

 -  

 

 44,301

 

 -  

 

 30,560

 

1.20%

 

 -  

 

 51

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

1.25%

 

 -  

 

 1,647

 

 -  

 

 -  

 

 -  

 

 9,574

 

 -  

 

 1,741

 

1.30%

 

 12,513

 

 273

 

 -  

 

 -  

 

 -  

 

 252,842

 

 -  

 

 181,893

 

1.35%

 

 -  

 

 6,560

 

 -  

 

 -  

 

 -  

 

 38,241

 

 -  

 

 21,955

 

1.40%

 

 7,505

 

 2,705

 

 -  

 

 -  

 

 -  

 

 11,782

 

 -  

 

 12,399

 

1.45%

 

 -  

 

 9,466

 

 -  

 

 -  

 

 -  

 

 5,840

 

 -  

 

 3,234

 

1.50%

 

 -  

 

 3,618

 

 -  

 

 -  

 

 -  

 

 444,414

 

 -  

 

 190,393

 

1.55%

 

 -  

 

 12,426

 

 -  

 

 -  

 

 -  

 

 54,973

 

 -  

 

 17,248

 

1.60%

 

 -  

 

 18,590

 

 -  

 

 -  

 

 -  

 

 230,555

 

 -  

 

 171,843

 

1.65%

 

 -  

 

 1,330

 

 -  

 

 -  

 

 -  

 

 53,849

 

 -  

 

 33,095

 

1.70%

 

 -  

 

 408

 

 -  

 

 -  

 

 -  

 

 4,184

 

 -  

 

 2,317

 

1.75%

 

 -  

 

 6,195

 

 -  

 

 -  

 

 -  

 

 394,656

 

 -  

 

 133,793

 

1.80%

 

 -  

 

 6,831

 

 -  

 

 -  

 

 -  

 

 70,678

 

 -  

 

 54,491

 

1.85%

 

 -  

 

 290

 

 -  

 

 -  

 

 -  

 

 40,313

 

 -  

 

 69,132

 

1.90%

 

 -  

 

 1,684

 

 -  

 

 -  

 

 -  

 

 965

 

 -  

 

 7,623

 

1.95%

 

 -  

 

 1,313

 

 -  

 

 -  

 

 -  

 

 433,089

 

 -  

 

 165,439

 

2.00%

 

 -  

 

 300

 

 -  

 

 -  

 

 -  

 

 46,603

 

 -  

 

 2,407

 

2.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 28,796

 

 -  

 

 36,815

 

2.10%

 

 -  

 

 80

 

 -  

 

 -  

 

 -  

 

 34,748

 

 -  

 

 10,443

 

2.15%

 

 -  

 

 105

 

 -  

 

 -  

 

 -  

 

 23,936

 

 -  

 

 3,787

 

2.20%

 

 -  

 

 588

 

 -  

 

 -  

 

 -  

 

 129,807

 

 -  

 

 41,933

 

2.25%

 

 -  

 

 875

 

 -  

 

 -  

 

 -  

 

 12,934

 

 -  

 

 2,189

 

2.30%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 33,873

 

 -  

 

 17,855

 

2.35%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 93,953

 

 -  

 

 50,699

 

2.45%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 2,867

 

 -  

 

 3,950

 

2.50%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 10,763

 

 -  

 

 4,852

 

2.55%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 10,916

 

 -  

 

 5,058

 

2.60%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 466

 

2.65%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 8,653

 

 -  

 

 5,259

 

2.70%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.75%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 2,897

 

 -  

 

 831

 

2.80%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 508

 

2.85%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 1,241

 

 -  

 

 505

 

2.90%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

2.95%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.00%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.05%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.10%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

3.40%

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

 -  

 

Totals

$

 20,899

$

 92,208

$

 7,173

$

 31,666

$

 24,516

$

 2,543,469

$

 24

$

 1,291,283

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    WRMCG   WRPAP   WRPCP   WRPMP   WRPMAP   WRPMCP   JPICB2   JPMMV1  
0.40% $  4,240    34    5,101    90,861    180,099    19,974    2    -     
0.60%    3,026    54    174    3,741    264    191    44    -     
0.65%    179    -       -       -       -       -       -       -     
0.75%    451    -       -       -       -       -       -       -     
0.80%    -       -       -       -       -       -       -       273  
0.85%    748    -       -       -       -       -       -       -     
0.95%    -       -       -       -       -       -       -       -     
1.05%    -       -       -       -       -       -       -       -     
1.10%    310    -       -       -       -       -       -       -     
1.15%    36,439    -       -       -       -       -       14    -     
1.20%    -       -       -       -       -       -       -       -     
1.25%    1,488    -       -       -       -       -       -       -     
1.30%    387,801    -       -       -       -       -       886    110,685  
1.35%    46,762    -       -       -       -       -       -       -     
1.40%    10,611    -       -       -       -       -       -       38,400  
1.45%    2,080    -       -       -       -       -       -       -     
1.50%    336,952    -       -       -       -       -       299    -     
1.55%    20,348    -       -       -       -       -       -       -     
1.60%    96,346    -       -       -       -       -       -       -     
1.65%    46,292    -       -       -       -       -       -       -     
1.70%    3,573    -       -       -       -       -       -       -     
1.75%    232,307    -       -       -       -       -       94    -     
1.80%    42,660    -       -       -       -       -       -       -     
1.85%    70,717    -       -       -       -       -       -       -     
1.90%    3,273    -       -       -       -       -       -       -     
1.95%    208,910    -       -       -       -       -       -       -     
2.00%    12,393    -       -       -       -       -       -       -     
2.05%    54,608    -       -       -       -       -       -       -     
2.10%    9,786    -       -       -       -       -       -       -     
2.15%    2,145    -       -       -       -       -       -       -     
2.20%    40,695    -       -       -       -       -       -       -     
2.25%    4,927    -       -       -       -       -       -       -     
2.30%    48,778    -       -       -       -       -       -       -     
2.35%    4,799    -       -       -       -       -       -       -     
2.40%    31,567    -       -       -       -       -       -       -     
2.45%    1,856    -       -       -       -       -       -       -     
2.50%    8,167    -       -       -       -       -       -       -     
2.55%    4,227    -       -       -       -       -       -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    3,536    -       -       -       -       -       -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       -       -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    1,955    -       -       -       -       -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  1,784,952 $  88 $  5,275 $  94,602 $  180,363 $  20,165 $  1,339 $  149,358  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    JABS   JAMGS   JAFBS   JACAS   JAGTS   JAIGS   LZREMS   LOVTRC  
0.40% $  1,132    6,514    1,446    1,246    4,356    -       2,595    9,508  
0.60%    1,482    2,866    3,722    553    4,773    -       3,391    1,868  
0.65%    -       -       -       1,338    178    -       -       -     
0.75%    -       -       -       9,127    2,425    880    -       -     
0.80%    -       -       -       7,250    2,981    1,734    -       -     
0.85%    -       -       -       7,494    13,583    946    -       -     
0.95%    19,615    -       -       12,189    2,385    5,151    -       -     
1.05%    33,011    -       -       10,812    2,597    4,466    -       -     
1.10%    230    -       1,695    19,672    4,593    2,305    481    283  
1.15%    15,020    -       19,231    194,832    64,476    43,224    10,497    29,815  
1.20%    -       -       -       321    -       -       -       -     
1.25%    5,276    -       2,515    19,479    8,384    8,180    1,265    1,761  
1.30%    110    -       407,459    453,555    583,074    131,776    120,896    330,268  
1.35%    -       -       8,772    70,987    45,222    15,249    11,170    4,472  
1.40%    902    -       3,177    69,926    49,664    25,898    1,095    2,451  
1.45%    3,189    -       3,495    17,912    5,582    6,688    7,837    1,439  
1.50%    7,603    -       109,779    175,184    455,992    64,330    210,208    80,002  
1.55%    9,800    -       13,707    136,870    61,532    38,351    13,895    9,370  
1.60%    3,912    -       19,698    55,544    80,077    22,877    21,535    6,015  
1.65%    -       -       15,520    33,036    90,566    6,064    16,192    11,827  
1.70%    2,428    -       300    4,831    5,621    1,935    658    -     
1.75%    6,609    -       151,375    384,155    138,443    46,469    28,694    55,138  
1.80%    1,234    -       12,994    16,644    63,609    9,298    15,509    3,651  
1.85%    701    -       27,697    42,135    115,483    5,046    8,976    12,509  
1.90%    -       -       4,458    5,495    9,828    1,312    -       -     
1.95%    87    -       97,677    82,113    276,425    35,665    138,480    59,453  
2.00%    -       -       1,337    11,450    6,371    5,332    3,261    200  
2.05%    2,129    -       1,940    12,917    52,956    2,481    8,316    845  
2.10%    186    -       7,689    34,750    20,358    7,008    2,304    4,559  
2.15%    3,428    -       1,613    4,582    1,162    1,428    526    -     
2.20%    1,386    -       5,294    36,822    43,338    7,876    3,247    7,349  
2.25%    -       -       259    1,815    1,211    314    2,306    1,093  
2.30%    -       -       2,719    15,818    27,960    2,229    10,392    1,402  
2.35%    -       -       6,106    2,131    186    101    271    -     
2.40%    -       -       6,912    1,137    33,811    6,058    38,759    2,115  
2.45%    -       -       1,101    4,896    2,423    1,301    1,433    -     
2.50%    -       -       5,454    1,430    6,924    589    2,169    802  
2.55%    -       -       503    3,365    13,807    2,540    575    571  
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       15    1,088    2,693    52    -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       261    25,865    -       3,130    -     
2.80%    -       -       -       -       -       -       59    33  
2.85%    -       -       9,427    -       4,151    -       220    6,846  
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  119,470 $  9,380 $  955,086 $  1,965,162 $  2,335,065 $  515,153 $  690,342 $  645,645  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    LOVSDC   MNCPS2   M2IGSS   MNDSC   MVUSC   MVFSC   MVIGSC   MVIVSC  
0.40% $  15    208    -       2,830    236    10,018    -       15,056  
0.60%    298    126    -       2,494    840    4,998    7    4,835  
0.65%    -       -       -       101    -       1,731    -       2,085  
0.75%    -       -       -       705    -       8,818    -       8,387  
0.80%    -       -       -       -       -       851    -       -     
0.85%    -       -       -       603    -       18,007    -       6,671  
0.95%    -       -       1,906    -       -       3,035    -       5,680  
1.05%    -       -       19    -       -       1,708    -       2,843  
1.10%    -       -       264    18    -       56,881    -       8,606  
1.15%    -       -       16,862    18,213    -       495,541    24    192,009  
1.20%    -       -       136    -       -       4,092    -       -     
1.25%    -       -       7,167    1,031    -       39,057    610    11,448  
1.30%    -       -       794    187,475    -       1,024,461    1,825    1,193,621  
1.35%    -       -       2,563    23,766    -       152,188    535    78,327  
1.40%    -       -       690    6,362    -       83,187    193    44,353  
1.45%    -       -       2,660    1,876    -       56,215    -       15,785  
1.50%    -       -       8,336    146,155    -       643,072    2,549    727,346  
1.55%    -       -       15,258    8,271    -       410,007    328    82,627  
1.60%    -       -       2,985    39,249    -       152,794    15    164,193  
1.65%    -       -       51    23,846    -       102,619    280    92,131  
1.70%    -       -       217    695    -       18,812    -       5,188  
1.75%    -       -       11,935    95,132    -       1,166,646    23    612,275  
1.80%    -       -       5,284    14,117    -       74,706    -       59,138  
1.85%    -       -       3,509    37,432    -       139,968    198    151,455  
1.90%    -       -       3,160    1,421    -       18,725    -       18,976  
1.95%    -       -       1,851    90,746    -       461,928    1,952    456,533  
2.00%    -       -       1,176    5,106    -       18,288    371    11,910  
2.05%    -       -       5,279    13,868    -       56,973    -       84,465  
2.10%    -       -       923    14,273    -       90,452    -       33,820  
2.15%    -       -       331    4,699    -       26,809    -       14,655  
2.20%    -       -       1,785    13,450    -       103,830    -       89,122  
2.25%    -       -       -       174    -       3,701    -       5,825  
2.30%    -       -       347    14,839    -       54,963    -       58,043  
2.35%    -       -       -       1,457    -       20,129    -       6,582  
2.40%    -       -       -       7,893    -       83,140    -       93,854  
2.45%    -       -       -       156    -       2,512    -       853  
2.50%    -       -       -       4,501    -       6,913    -       14,185  
2.55%    -       -       -       9,300    -       8,452    -       7,836  
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       -       104    -       4,045    -       462  
2.70%    -       -       -       -       -       360    -       -     
2.75%    -       -       -       14,772    -       123    -       3,472  
2.80%    -       -       -       73    -       1,096    -       13  
2.85%    -       -       -       -       -       382    -       4,465  
2.90%    -       -       -       -       -       200    -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  313 $  334 $  95,488 $  807,203 $  1,076 $  5,632,433 $  8,910 $  4,389,130  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    MGRFV   MSGI2   MSVFI   MSVF2   MSEM   MSEMB   VKVGR2   MSVRE  
0.40% $  16    44    -       -       -       891    194    -     
0.60%    -       368    -       -       -       105    1,169    -     
0.65%    -       -       -       -       -       -       -       -     
0.75%    -       -       -       -       -       -       -       -     
0.80%    -       -       5    -       20    -       -       -     
0.85%    -       -       -       -       -       -       -       -     
0.95%    -       -       -       4,857    -       -       -       -     
1.05%    -       -       -       1,324    -       -       -       -     
1.10%    -       81    -       5,458    -       175    -       -     
1.15%    -       3,538    -       19,677    -       878    -       -     
1.20%    -       -       -       40    -       -       -       -     
1.25%    -       381    -       3,891    -       1,147    -       -     
1.30%    -       38,549    32,589    -       11,410    -       -       -     
1.35%    -       3,893    -       6,058    -       -       -       -     
1.40%    -       3,226    4,842    3,196    6,615    210    -       273  
1.45%    -       2    -       12,592    -       548    -       -     
1.50%    -       54,266    -       7,310    -       215    -       -     
1.55%    -       5,123    -       23,365    -       953    -       -     
1.60%    -       8,663    -       3,868    -       -       -       -     
1.65%    -       6,227    -       4,508    -       -       -       -     
1.70%    -       -       -       970    -       226    -       -     
1.75%    -       8,258    -       37,263    -       1    536    -     
1.80%    -       2,637    -       2,579    -       -       -       -     
1.85%    -       13,189    -       248    -       27    -       -     
1.90%    -       -       -       752    -       -       -       -     
1.95%    -       30,721    -       6,422    -       -       1,001    -     
2.00%    -       581    -       40    -       -       -       -     
2.05%    -       2,876    -       1,275    -       -       -       -     
2.10%    -       829    -       1,593    -       -       -       -     
2.15%    -       69    -       81    -       -       -       -     
2.20%    -       9,201    -       171    -       -       796    -     
2.25%    -       684    -       318    -       -       -       -     
2.30%    -       2,159    -       1,282    -       -       -       -     
2.35%    -       -       -       134    -       -       -       -     
2.40%    -       2,906    -       -       -       -       190    -     
2.45%    -       -       -       164    -       -       -       -     
2.50%    -       110    -       -       -       -       -       -     
2.55%    -       -       -       -       -       -       111    -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       -       -       -       -       -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       -       -       -       -     
2.80%    -       86    -       -       -       -       -       -     
2.85%    -       1,092    -       -       -       -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  16 $  199,759 $  37,436 $  149,436 $  18,045 $  5,376 $  3,997 $  273  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    MSVREB   NVFIII   GBF   MSBF   HIBF   GVABD2   NVLCP2   NVCBD1  
0.40% $  -       42    952    7,301    707    71,895    4,628    -     
0.60%    -       -       809    1,361    -       6,195    1,734    -     
0.65%    -       -       1,793    1,459    -       5,726    899    -     
0.75%    -       -       6,960    6,063    444    9,122    657    -     
0.80%    -       -       2,532    238    955    420    215    169  
0.85%    -       -       9,490    5,177    1,291    8,067    815    -     
0.95%    -       -       3,988    3,186    3,445    4,524    122    -     
1.05%    -       -       6,224    383    2,067    1,050    -       -     
1.10%    -       -       31,911    28,587    2,673    346,885    9,022    -     
1.15%    15    92    326,010    225,170    65,780    2,512,685    57,475    -     
1.20%    -       -       2,968    226    702    6,697    -       -     
1.25%    -       -       23,544    15,832    12,592    91,921    7,542    -     
1.30%    -       4,766    680,895    1,017,966    129,033    25,030,438    309,944    30,926  
1.35%    -       614    63,689    76,620    25,702    470,215    15,641    -     
1.40%    -       462    189,919    28,194    33,730    41,119    9,275    12,773  
1.45%    -       16    34,923    41,710    34,605    124,629    1,208    -     
1.50%    12    1,782    156,095    410,235    115,620    3,657,466    132,682    -     
1.55%    -       -       292,564    151,720    65,064    1,113,698    44,368    -     
1.60%    -       2    28,269    84,701    85,111    103,104    23,565    -     
1.65%    -       6    31,461    54,975    25,595    445,870    11,939    -     
1.70%    -       18    5,965    10,263    4,791    71,649    2,868    -     
1.75%    -       1,294    434,574    568,429    90,388    5,631,766    184,844    -     
1.80%    -       200    14,461    18,641    21,236    231,084    6,871    -     
1.85%    -       -       41,000    145,571    42,895    1,914,052    29,102    -     
1.90%    -       -       4,874    8,760    1,787    85,381    2,736    -     
1.95%    -       925    150,693    263,216    72,925    1,793,842    83,255    -     
2.00%    -       -       9,852    16,208    6,715    145,159    2,263    -     
2.05%    -       96    40,047    44,705    11,536    446,059    10,912    -     
2.10%    -       14    16,758    18,668    6,785    191,140    7,352    -     
2.15%    -       -       9,076    5,362    1,489    98,477    2,104    -     
2.20%    -       -       18,045    57,075    35,206    362,795    11,506    -     
2.25%    -       -       3,319    2,881    1,941    28,233    64    -     
2.30%    -       -       17,377    40,825    16,780    217,701    9,058    -     
2.35%    -       -       19,977    2,927    996    208,193    687    -     
2.40%    -       -       9,376    32,166    11,640    258,798    3,638    -     
2.45%    -       -       1,522    1,214    -       11,426    147    -     
2.50%    -       -       6,013    6,633    868    308,883    4,707    -     
2.55%    -       -       593    1,428    755    21,399    -       -     
2.60%    -       -       408    -       -       11,130    -       -     
2.65%    -       -       1,080    755    -       52,823    355    -     
2.70%    -       -       615    102    -       9,114    -       -     
2.75%    -       -       220    1,956    -       2,748    -       -     
2.80%    -       -       -       -       -       3,459    -       -     
2.85%    -       -       -       484    -       16,065    94    -     
2.90%    -       -       172    -       -       3,272    -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       1,777    -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  27 $  10,329 $  2,701,013 $  3,409,373 $  933,849 $  46,178,151 $  994,294 $  43,868  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NVCBD2   NVSTB2   NVBX   SAM   NVGEII   NJMMA2   NJNDE2   NVMGA2  
0.40% $  486    4,522    371    11,575    43    -       -       7,781  
0.60%    -       444    1,450    2,475    -       -       -       1,614  
0.65%    2,747    214    -       4,909    -       -       -       -     
0.75%    9,741    4,411    -       20,274    -       -       -       -     
0.80%    -       1,439    -       7,346    -       -       -       -     
0.85%    7,989    3,515    -       9,634    -       -       -       -     
0.95%    128    658    -       3,948    -       -       -       -     
1.05%    -       243    -       2,539    -       -       -       -     
1.10%    24,578    18,983    -       84,750    -       -       -       -     
1.15%    130,460    105,661    -       623,502    -       14    14    53,042  
1.20%    2,071    390    -       4,957    -       -       -       -     
1.25%    13,227    5,292    -       50,979    -       -       -       -     
1.30%    332,548    654,072    -       1,952,679    5,357    814    853    2,712,005  
1.35%    30,909    32,166    -       133,031    509    -       -       5,123  
1.40%    13,555    25,364    -       466,811    4    -       -       187  
1.45%    12,936    15,058    -       72,844    -       -       -       -     
1.50%    151,924    275,151    -       698,876    1,546    39    -       387,287  
1.55%    128,036    78,929    -       643,496    -       -       -       542  
1.60%    48,953    52,743    -       309,876    -       -       -       3,980  
1.65%    36,933    30,614    -       98,175    203    597    -       65,829  
1.70%    2,530    2,782    -       28,273    -       -       -       -     
1.75%    251,304    357,174    -       1,275,591    -       -       -       241,067  
1.80%    13,217    16,784    -       122,936    35    -       -       30,200  
1.85%    28,808    132,419    -       276,003    -       -       -       97,821  
1.90%    867    3,078    -       7,645    -       -       -       -     
1.95%    123,959    156,623    -       311,022    43    -       -       173,974  
2.00%    7,329    6,503    -       16,301    -       -       -       1,076  
2.05%    12,289    85,607    -       78,794    -       -       -       16,129  
2.10%    13,251    27,261    -       68,801    14    -       -       4,826  
2.15%    5,745    3,451    -       21,167    -       -       -       882  
2.20%    15,453    39,621    -       97,521    -       -       -       5,062  
2.25%    1,671    3,338    -       14,023    -       -       -       106  
2.30%    4,826    34,550    -       51,242    -       -       -       8,277  
2.35%    14,197    5,201    -       5,835    -       -       -       -     
2.40%    2,710    20,308    -       18,730    -       -       -       12,967  
2.45%    59    1,408    -       1,469    -       -       -       2,389  
2.50%    4,754    31,120    -       30,168    -       -       -       30,345  
2.55%    1,761    40    -       1,009    -       -       -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    1,873    3,856    -       567    -       -       -       -     
2.70%    323    102    -       71    -       -       -       -     
2.75%    -       926    -       639    -       -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    81    4,227    -       -       -       -       -       418  
2.90%    173    -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  1,454,401 $  2,246,248 $  1,821 $  7,630,483 $  7,754 $  1,464 $  867 $  3,862,929  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NAMGI2   NVMLG1   NVMLG2   NVMLV1   NVMLV2   NVMMG1   NVMMG2   NVMIG1  
0.40% $  19,472    -       993    -       1,618    -       461    -     
0.60%    4,086    -       1,328    -       803    -       1,873    -     
0.65%    -       -       857    -       544    -       555    -     
0.75%    -       -       4,467    -       5,959    -       2,624    -     
0.80%    -       2,642    -       137    28    6,209    -       1,835  
0.85%    -       -       3,350    -       574    -       4,511    -     
0.95%    -       -       3,962    -       1,682    -       2,510    -     
1.05%    -       -       3,167    -       -       -       1,926    -     
1.10%    -       -       14,574    -       6,746    -       26,244    -     
1.15%    140,319    -       181,417    -       66,714    -       196,219    -     
1.20%    -       -       2,484    -       1,400    -       2,545    -     
1.25%    -       -       23,656    -       9,758    -       17,748    -     
1.30%    4,364,848    85,755    242,023    27,520    211,436    1,937,549    237,575    197,539  
1.35%    9,293    -       39,308    -       27,166    -       75,083    -     
1.40%    -       31,694    12,911    16,446    7,504    364,816    14,749    78,973  
1.45%    2,065    -       22,176    -       8,455    -       17,475    -     
1.50%    537,004    -       223,786    -       221,681    -       198,333    -     
1.55%    2,034    -       206,661    -       63,620    -       202,517    -     
1.60%    7,456    -       51,562    -       32,449    -       55,070    -     
1.65%    62,613    -       39,842    -       28,719    -       57,233    -     
1.70%    93    -       5,761    -       4,564    -       6,381    -     
1.75%    201,938    -       306,681    -       181,029    -       320,743    -     
1.80%    51,694    -       33,453    -       27,458    -       17,093    -     
1.85%    127,405    -       56,830    -       35,861    -       56,017    -     
1.90%    -       -       6,743    -       2,327    -       3,918    -     
1.95%    209,518    -       143,250    -       117,678    -       124,110    -     
2.00%    18,816    -       14,006    -       5,549    -       8,621    -     
2.05%    25,153    -       15,298    -       13,142    -       28,994    -     
2.10%    13,054    -       22,708    -       11,966    -       22,349    -     
2.15%    -       -       8,576    -       5,418    -       7,826    -     
2.20%    10,043    -       40,016    -       23,495    -       14,633    -     
2.25%    567    -       1,795    -       248    -       2,005    -     
2.30%    8,658    -       19,522    -       13,263    -       16,514    -     
2.35%    -       -       6,649    -       1,102    -       9,646    -     
2.40%    36,033    -       12,365    -       14,127    -       20,597    -     
2.45%    1,342    -       1,621    -       2,093    -       291    -     
2.50%    10,240    -       2,974    -       1,154    -       1,902    -     
2.55%    -       -       315    -       85    -       544    -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       1,573    -       2,376    -       534    -     
2.70%    -       -       118    -       -       -       156    -     
2.75%    821    -       989    -       405    -       950    -     
2.80%    1,707    -       -       -       87    -       -       -     
2.85%    -       -       546    -       550    -       127    -     
2.90%    -       -       66    -       -       -       90    -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  5,866,272 $  120,091 $  1,780,379 $  44,103 $  1,160,833 $  2,308,574 $  1,779,292 $  278,347  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NVMIG6   NVRE1   NVRE2   NVMMV1   NVMMV2   NVNMO1   NVNMO2   NVNSR1  
0.40% $  427    -       242    1,380    169    -       1,352    -     
0.60%    -       -       268    1,784    -       -       5,016    -     
0.65%    1,104    -       -       -       923    -       126    -     
0.75%    3,189    -       1,711    -       5,015    -       1,423    -     
0.80%    -       5,074    -       -       2,591    4,144    -       215  
0.85%    7,573    -       3,683    -       4,926    -       1,343    -     
0.95%    341    -       8,090    -       -       -       176    -     
1.05%    1,190    -       774    -       653    -       127    -     
1.10%    22,824    -       1,988    -       20,939    -       7,000    -     
1.15%    212,646    -       116,340    -       177,165    -       32,186    -     
1.20%    3,548    -       426    -       1,895    -       221    -     
1.25%    12,965    -       13,622    -       16,038    -       4,225    -     
1.30%    127,181    399,593    146,380    -       1,542,487    638,869    146,932    22,619  
1.35%    48,162    -       46,834    -       47,413    -       15,178    -     
1.40%    19,915    180,199    9,210    -       446,345    327,824    2,181    3,731  
1.45%    17,286    -       22,754    -       13,934    -       1,811    -     
1.50%    89,999    -       261,789    -       163,992    -       123,466    -     
1.55%    235,987    -       78,243    -       175,029    -       34,043    -     
1.60%    24,166    -       91,045    -       28,058    -       12,872    -     
1.65%    22,093    -       40,612    -       37,693    -       6,260    -     
1.70%    5,209    -       4,518    -       4,597    -       830    -     
1.75%    368,651    -       135,618    -       279,998    -       84,486    -     
1.80%    5,766    -       32,588    -       10,452    -       8,956    -     
1.85%    28,782    -       46,807    -       25,268    -       15,352    -     
1.90%    3,999    -       3,085    -       4,236    -       143    -     
1.95%    86,699    -       188,074    -       122,450    -       72,304    -     
2.00%    7,228    -       7,486    -       6,690    -       1,288    -     
2.05%    4,169    -       28,033    -       16,129    -       5,586    -     
2.10%    13,169    -       28,659    -       19,962    -       3,642    -     
2.15%    4,088    -       4,337    -       8,103    -       4,151    -     
2.20%    13,936    -       47,358    -       20,330    -       8,791    -     
2.25%    1,224    -       3,779    -       2,201    -       -       -     
2.30%    7,448    -       22,367    -       11,752    -       12,172    -     
2.35%    12,704    -       3,927    -       7,997    -       1,699    -     
2.40%    4,539    -       48,758    -       9,178    -       4,256    -     
2.45%    720    -       1,108    -       719    -       2,452    -     
2.50%    3,275    -       5,481    -       1,467    -       1,703    -     
2.55%    517    -       4,119    -       4,036    -       821    -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    1,204    -       1,302    -       2,199    -       -       -     
2.70%    233    -       -       -       123    -       -       -     
2.75%    272    -       767    -       693    -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    351    -       824    -       419    -       925    -     
2.90%    133    -       -       -       65    -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  1,424,912 $  584,866 $  1,463,006 $  3,164 $  3,244,329 $  970,837 $  625,495 $  26,565  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NVNSR2   NVAMV1   NVAMV2   NVOLG1   NVOLG2   NVTIV3   DTRTFB   TRF  
0.40% $  584    -       4,853    735    657    2,086    172    -     
0.60%    77    -       1,598    1,069    -       356    1,999    -     
0.65%    1,345    -       1,913    -       1,497    2,499    -       -     
0.75%    5,451    -       2,468    -       2,752    3,971    -       -     
0.80%    -       2,517    -       19,894    -       1    -       26,607  
0.85%    8,596    -       3,421    -       4,629    8,016    -       -     
0.95%    -       -       2,654    -       4,629    -       -       -     
1.05%    476    -       4,621    -       6,553    1,038    -       -     
1.10%    25,915    -       29,969    -       26,797    40,547    117    -     
1.15%    227,504    -       260,428    -       562,262    296,177    1,149    -     
1.20%    2,911    -       800    -       3,179    2,627    -       -     
1.25%    12,484    -       34,985    -       97,968    15,004    497    -     
1.30%    195,605    354,555    454,177    3,492,991    433,918    609,730    13,623    1,247,188  
1.35%    39,676    -       121,655    -       214,522    64,345    4,549    -     
1.40%    24,473    136,016    10,997    1,458,832    42,007    24,675    3,513    393,574  
1.45%    22,240    -       41,801    -       92,245    21,003    17,487    -     
1.50%    89,229    -       271,116    -       482,744    230,258    18,202    -     
1.55%    238,969    -       200,527    -       462,230    290,353    916    -     
1.60%    29,062    -       60,534    -       122,742    22,773    5,729    -     
1.65%    23,671    -       47,321    -       71,957    36,249    880    -     
1.70%    4,040    -       7,263    -       29,477    7,311    -       -     
1.75%    375,271    -       389,572    -       602,132    595,247    4,463    -     
1.80%    5,656    -       23,252    -       62,339    4,674    919    -     
1.85%    28,091    -       76,276    -       119,726    82,826    2,005    -     
1.90%    3,331    -       7,171    -       21,959    4,815    -       -     
1.95%    78,500    -       185,285    -       272,666    194,222    20,659    -     
2.00%    9,220    -       7,050    -       14,474    15,404    638    -     
2.05%    26,919    -       47,145    -       71,175    16,489    443    -     
2.10%    30,786    -       20,297    -       38,232    38,657    651    -     
2.15%    7,078    -       3,461    -       21,978    8,346    -       -     
2.20%    10,873    -       32,535    -       77,412    40,616    380    -     
2.25%    1,685    -       1,904    -       9,003    1,799    -       -     
2.30%    11,612    -       26,752    -       40,603    28,544    317    -     
2.35%    15,208    -       2,032    -       4,007    13,280    -       -     
2.40%    13,405    -       16,814    -       36,108    10,953    1,110    -     
2.45%    73    -       1,224    -       708    388    -       -     
2.50%    2,865    -       5,449    -       9,592    15,691    -       -     
2.55%    1,397    -       2,648    -       131    3,161    371    -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    1,381    -       581    -       947    1,112    -       -     
2.70%    313    -       -       -       -       821    -       -     
2.75%    -       -       9,084    -       1,957    170    -       -     
2.80%    -       -       -       -       -       -       33    -     
2.85%    -       -       2,148    -       1,787    2,656    -       -     
2.90%    177    -       -       -       -       152    -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  1,576,149 $  493,088 $  2,423,781 $  4,973,521 $  4,069,701 $  2,759,042 $  100,822 $  1,667,369  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    TRF2   EIF   EIF2   SCGF   SCGF2   SCF   SCF2   GEM  
0.40% $  129    10,466    1,086    -       91    587    71    939  
0.60%    -       7,049    -       -       396    1,464    -       2,291  
0.65%    1,103    -       784    -       -       -       9    -     
0.75%    2,744    -       2,140    -       161    -       566    -     
0.80%    -       -       33    2,930    -       4,822    -       955  
0.85%    8,153    -       4,943    -       501    -       1,146    -     
0.95%    3,135    -       102    -       741    -       4,940    -     
1.05%    2,098    -       1,578    -       19    -       413    -     
1.10%    26,525    -       28,445    -       3,567    -       4,945    -     
1.15%    247,072    -       227,831    -       33,073    -       77,639    -     
1.20%    3,230    -       1,497    -       54    -       62    -     
1.25%    15,725    -       19,219    -       4,615    -       17,090    -     
1.30%    186,938    -       1,847,143    64,973    104,752    545,305    73,935    82,379  
1.35%    53,677    -       59,032    -       10,573    -       38,969    -     
1.40%    25,785    -       20,517    12,579    1,833    240,415    4,748    16,620  
1.45%    26,711    -       17,475    -       5,099    -       17,583    -     
1.50%    110,857    -       497,212    -       113,245    -       74,915    -     
1.55%    264,451    -       187,094    -       29,965    -       54,085    -     
1.60%    13,914    -       85,757    -       23,056    -       21,358    -     
1.65%    28,299    -       74,872    -       17,072    -       6,722    -     
1.70%    3,692    -       11,192    -       2,844    -       3,484    -     
1.75%    377,020    -       388,676    -       81,303    -       74,604    -     
1.80%    17,385    -       76,790    -       7,126    -       8,926    -     
1.85%    30,760    -       52,332    -       19,512    -       9,424    -     
1.90%    5,545    -       14,549    -       1,319    -       4,824    -     
1.95%    69,440    -       287,838    -       74,116    -       61,139    -     
2.00%    6,240    -       9,784    -       2,344    -       733    -     
2.05%    12,238    -       19,378    -       4,654    -       11,758    -     
2.10%    18,047    -       34,307    -       8,930    -       6,520    -     
2.15%    6,045    -       3,782    -       1,552    -       1,810    -     
2.20%    10,608    -       49,693    -       12,696    -       7,108    -     
2.25%    1,705    -       4,070    -       122    -       505    -     
2.30%    8,891    -       30,512    -       5,865    -       4,523    -     
2.35%    12,885    -       6,761    -       291    -       46    -     
2.40%    5,547    -       18,325    -       6,276    -       2,146    -     
2.45%    82    -       2,700    -       144    -       3    -     
2.50%    6,456    -       10,133    -       1,533    -       906    -     
2.55%    392    -       3,379    -       353    -       3,407    -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    1,643    -       2,521    -       -       -       82    -     
2.70%    308    -       1,694    -       -       -       -       -     
2.75%    -       -       817    -       348    -       -       -     
2.80%    -       -       -       -       441    -       -       -     
2.85%    -       -       1,165    -       178    -       161    -     
2.90%    177    -       43    -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  1,615,652 $  17,515 $  4,107,201 $  80,482 $  580,760 $  792,593 $  601,305 $  103,184  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    GEM2   GIG   NVIE6   SCVF   SCVF2   GVAGG2   GVAGR2   GVAGI2  
0.40% $  -       2,121    196    242    240    12,074    15,181    62,674  
0.60%    -       1,826    -       719    -       13,217    14,187    21,630  
0.65%    -       -       48    -       132    1,007    1,115    6,505  
0.75%    920    -       978    -       1,413    3,725    1,939    10,885  
0.80%    -       755    -       1,695    -       3,242    2,758    362  
0.85%    2,157    -       2,038    -       534    5,117    11,630    10,021  
0.95%    1,135    -       -       -       1,715    2,776    3,685    3,565  
1.05%    751    -       -       -       376    2,836    1,850    1,623  
1.10%    1,246    -       7,044    -       2,200    30,550    57,504    347,750  
1.15%    57,748    -       45,309    -       42,991    254,270    397,769    2,541,698  
1.20%    504    -       -       -       96    1,737    2,083    6,979  
1.25%    5,265    -       1,255    -       13,454    21,416    27,817    91,157  
1.30%    86,262    117,608    126,886    228,600    82,685    1,237,028    1,975,651    22,541,600  
1.35%    28,359    -       12,488    -       18,011    170,624    332,137    632,772  
1.40%    3,257    68,842    3,461    87,946    3,161    42,768    75,715    64,124  
1.45%    5,279    -       17,198    -       7,404    21,765    51,527    145,237  
1.50%    177,811    -       125,173    -       77,908    905,715    1,683,579    4,973,701  
1.55%    37,974    -       31,785    -       37,095    161,830    294,866    1,204,713  
1.60%    50,386    -       18,840    -       22,412    219,727    396,615    488,284  
1.65%    23,554    -       15,459    -       12,121    89,500    195,927    591,878  
1.70%    2,360    -       930    -       2,582    10,767    10,683    89,751  
1.75%    96,817    -       95,576    -       73,738    680,814    1,141,514    6,370,924  
1.80%    17,385    -       9,733    -       7,710    83,994    184,334    361,728  
1.85%    11,139    -       11,405    -       14,636    128,531    247,601    1,983,509  
1.90%    628    -       1,082    -       498    13,059    6,640    89,339  
1.95%    109,083    -       92,919    -       71,409    636,637    1,300,230    2,755,470  
2.00%    4,393    -       3,464    -       4,240    12,838    44,149    165,739  
2.05%    18,523    -       6,790    -       4,678    43,252    90,336    491,944  
2.10%    17,289    -       4,631    -       6,951    49,138    69,495    215,399  
2.15%    3,546    -       1,466    -       2,069    9,876    30,236    108,658  
2.20%    30,101    -       12,482    -       10,715    84,648    161,465    505,127  
2.25%    652    -       365    -       904    5,433    5,493    30,601  
2.30%    11,457    -       9,465    -       4,968    52,037    80,752    271,331  
2.35%    1,459    -       653    -       245    4,704    2,598    218,602  
2.40%    10,012    -       13,131    -       11,615    82,307    163,960    371,691  
2.45%    666    -       309    -       594    5,587    20,216    28,859  
2.50%    1,977    -       577    -       960    9,786    33,650    332,179  
2.55%    7,902    -       1,453    -       2,545    13,604    20,714    31,853  
2.60%    -       -       -       -       -       -       726    11,902  
2.65%    276    -       1,773    -       -       559    184    60,970  
2.70%    -       -       -       -       -       52    73    9,043  
2.75%    836    -       1,306    -       595    4,552    5,069    4,296  
2.80%    230    -       58    -       -       1,551    1,810    5,406  
2.85%    -       -       -       -       147    1,803    1,900    17,058  
2.90%    -       -       -       -       -       -       -       3,378  
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       1,835  
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  829,339 $  191,152 $  677,726 $  319,202 $  545,747 $  5,136,453 $  9,167,363 $  48,283,750  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    GVDIVI   GVDIV2   NVSIX2   GVIX2   GVIX8   MCIF   GVEX2   GVIDA  
0.40% $  -       157    4,177    2,988    116    8,603    26,824    30  
0.60%    -       -       4,616    11,360    -       9,158    40,925    291  
0.65%    -       619    -       -       547    1,838    -       -     
0.75%    -       2,630    -       -       558    2,449    -       1,766  
0.80%    169    -       -       -       168    2,426    -       3,931  
0.85%    -       4,481    -       -       5,233    8,568    -       285  
0.95%    -       815    -       -       166    1,770    -       1,089  
1.05%    -       461    -       -       792    827    -       2,733  
1.10%    -       17,419    545    -       30,985    5,565    14,398    6,239  
1.15%    -       83,506    20,466    -       42,808    171,237    141,004    245,688  
1.20%    -       972    -       -       116    846    -       2,186  
1.25%    -       6,053    924    -       2,152    15,373    3,679    56,293  
1.30%    19,814    153,343    358,724    -       335,541    938,001    2,320,929    198,013  
1.35%    -       16,200    29,681    -       19,457    79,986    170,781    98,986  
1.40%    10,157    3,058    5,571    -       11,454    97,008    58,101    48,125  
1.45%    -       5,981    845    -       5,879    34,435    14,813    23,289  
1.50%    -       76,008    479,117    -       388,651    795,677    3,588,374    309,600  
1.55%    -       67,184    10,188    -       22,327    97,931    97,788    157,998  
1.60%    -       10,311    49,199    -       24,891    108,524    366,520    107,973  
1.65%    -       11,333    51,897    -       39,807    84,189    353,939    70,194  
1.70%    -       2,770    1,104    -       1,666    7,573    4,595    18,259  
1.75%    -       159,843    114,811    -       118,584    390,663    723,385    379,446  
1.80%    -       3,235    26,250    -       22,995    48,022    220,476    34,748  
1.85%    -       18,101    42,191    -       22,451    88,115    275,893    38,051  
1.90%    -       3,870    5,574    -       792    12,267    13,048    53,085  
1.95%    -       75,989    265,062    -       229,183    516,511    2,238,305    320,013  
2.00%    -       4,422    6,259    -       5,028    12,146    36,049    1,435  
2.05%    -       8,768    6,848    -       7,880    63,021    136,996    48,941  
2.10%    -       7,927    21,471    -       5,239    52,048    66,898    34,908  
2.15%    -       1,281    4,240    -       367    22,433    25,166    9,289  
2.20%    -       13,498    25,625    -       24,556    59,277    133,973    37,330  
2.25%    -       764    4,556    -       2,807    3,056    50,252    14,863  
2.30%    -       5,752    11,759    -       5,221    21,775    115,035    41,290  
2.35%    -       1,640    84    -       228    3,458    4,985    7,205  
2.40%    -       1,625    35,034    -       29,245    61,980    300,016    16,472  
2.45%    -       814    2,334    -       1,326    1,886    13,518    1,772  
2.50%    -       1,261    4,753    -       6,692    9,588    80,197    58,844  
2.55%    -       515    575    -       2,487    4,349    69,522    297  
2.60%    -       -       403    -       102    101    669    5,550  
2.65%    -       5    685    -       473    1,044    2,437    740  
2.70%    -       41    -       -       -       -       -       34,869  
2.75%    -       312    1,039    -       -       1,061    118,941    2,297  
2.80%    -       -       981    -       -       189    3,688    -     
2.85%    -       1,590    -       -       -       -       1,037    -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       25,120  
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  30,140 $  774,554 $  1,597,588 $  14,348 $  1,418,970 $  3,844,974 $  11,833,156 $  2,519,533  

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NAMAA2   GVDMA   GVIDM   GVDMC   GVIDC   GVAAA2   NVCRA2   NVCMA2  
0.40% $  79,620    6,905    15,860    6,045    1,125    94,101    50    2,027  
0.60%    5,276    5,820    768    742    623    21,161    162    220  
0.65%    -       3,712    35,324    4,229    2,034    24,952    202    -     
0.75%    -       9,530    49,798    27,686    6,766    36,983    1,474    15,470  
0.80%    -       5,616    4,567    1,376    1,876    1,571    366    107  
0.85%    -       12,579    61,450    26,112    6,602    64,892    1,634    6,188  
0.95%    -       5,109    7,106    -       -       1,672    -       -     
1.05%    -       649    5,270    3,742    634    2,910    -       -     
1.10%    12,938    167,712    623,848    166,094    173,148    1,661,375    2,115    99,819  
1.15%    506,246    2,189,193    3,741,740    1,057,869    705,534    7,214,699    58,800    690,235  
1.20%    -       20,699    16,601    2,914    11,476    12,619    -       -     
1.25%    920    175,131    267,705    87,070    30,834    507,599    4,402    31,911  
1.30%    18,099,193    444,667    7,295,931    3,347,432    3,006,562    33,764,518    103,318    232,482  
1.35%    57,890    499,955    668,950    213,500    106,731    1,758,985    10,383    182,921  
1.40%    778    274,346    410,710    111,822    62,914    290,822    3,477    23,710  
1.45%    -       140,802    241,415    85,936    63,165    430,617    2,161    48,754  
1.50%    2,228,791    610,172    2,581,533    748,501    724,294    9,518,918    231,958    479,458  
1.55%    30,407    1,732,945    2,352,704    656,495    476,550    4,310,616    48,743    671,866  
1.60%    38,101    196,554    391,927    146,591    238,598    909,785    27,779    63,835  
1.65%    338,283    102,132    323,069    112,259    112,266    1,243,596    40,039    52,532  
1.70%    435    60,922    138,394    24,553    28,589    293,681    307    22,106  
1.75%    2,652,425    1,788,028    6,814,413    2,210,139    1,708,318    17,738,785    142,901    1,026,580  
1.80%    144,888    85,852    170,725    65,928    79,097    553,179    21,519    27,429  
1.85%    979,363    84,310    660,516    297,032    359,243    3,102,561    5,490    79,408  
1.90%    13,802    165,513    199,464    62,786    21,200    185,249    3,019    72,582  
1.95%    2,726,136    518,962    1,654,653    443,642    320,690    6,202,160    241,057    459,425  
2.00%    42,353    39,710    215,981    49,891    32,373    329,655    8,790    28,257  
2.05%    208,459    38,744    133,006    70,521    133,798    689,606    31,101    34,937  
2.10%    44,280    152,780    236,179    83,289    28,882    663,902    4,487    42,550  
2.15%    3,391    19,803    283,697    49,270    38,256    208,974    5,890    5,528  
2.20%    87,721    68,134    357,288    109,421    157,979    1,414,801    51,836    110,028  
2.25%    2,192    28,494    51,548    48,367    11,827    67,483    9    9,031  
2.30%    34,447    106,013    183,596    67,754    90,761    523,845    29,716    97,319  
2.35%    -       4,013    389,514    80,162    35,677    274,486    106    7,053  
2.40%    334,059    115,199    155,841    16,971    21,631    814,448    17,154    112,611  
2.45%    18,919    6,109    14,524    2,812    7,170    45,037    655    586  
2.50%    141,419    98,383    123,858    45,388    38,512    481,100    25,431    47,342  
2.55%    4,514    13,809    45,911    31,035    10,963    152,593    -       -     
2.60%    -       -       1,241    -       -       11,032    -       -     
2.65%    -       2,485    7,440    3,286    3,509    86,767    -       -     
2.70%    -       5,716    45,906    7,026    1,597    13,125    38,375    -     
2.75%    647    13,540    4,940    8,991    -       61,424    -       792  
2.80%    792    -       1,018    -       -       3,466    -       -     
2.85%    15,506    8,867    -       1,370    -       16,951    -       -     
2.90%    -       -       4,497    -       -       3,279    -       -     
2.95%    -       -       1,095    -       -       -       -       -     
3.00%    -       -       27,061    4,292    -       1,781    -       -     
3.05%    -       3,068    -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  28,854,191 $  10,032,682 $  31,018,582 $  10,590,341 $  8,861,804 $  95,811,761 $  1,164,906 $  4,785,099  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NVCCA2   NVCMD2   NVCRB2   NVCMC2   NVCCN2   NVDBL2   NVDCA2   NVLM2  
0.40% $  11,905    8,819    12,431    3,021    5,303    12,152    18,612    35  
0.60%    2,065    4,691    668    93    -       1,691    13,399    -     
0.65%    33,252    15,919    7,796    3,386    4,618    4,312    47,891    -     
0.75%    33,776    61,513    24,225    15,130    12,947    27,144    85,933    -     
0.80%    23    902    68    -       -       26    203    -     
0.85%    85,474    76,418    45,190    17,345    10,076    44,750    102,327    -     
0.95%    -       -       -       -       -       -       388    -     
1.05%    -       -       -       -       -       1,939    1,714    -     
1.10%    955,921    1,179,385    835,303    248,856    241,792    209,970    352,257    -     
1.15%    3,634,983    2,947,427    1,626,365    838,397    721,897    990,568    1,748,953    347  
1.20%    17,121    38,257    10,027    1,816    7,693    402    1,483    -     
1.25%    240,156    223,633    137,079    49,056    65,971    55,777    66,104    -     
1.30%    8,982,953    9,670,124    12,593,715    3,631,791    2,998,978    11,080,955    6,267,386    28,695  
1.35%    931,287    828,700    357,733    223,857    127,190    186,187    417,578    416  
1.40%    12,872    73,260    29,595    49,978    26,978    35,075    13,891    2,051  
1.45%    252,415    195,413    106,842    66,805    50,006    36,866    160,939    2,589  
1.50%    3,023,534    3,300,813    2,742,760    922,634    735,883    2,030,807    1,762,416    22,388  
1.55%    1,943,884    1,761,028    1,014,049    633,355    500,050    315,564    794,313    4,859  
1.60%    115,312    472,055    179,149    80,636    80,328    145,371    156,400    36,889  
1.65%    351,489    417,309    339,420    91,905    111,169    163,873    224,740    29,007  
1.70%    172,617    99,247    32,682    33,688    34,649    22,754    72,866    -     
1.75%    9,889,608    8,571,739    5,326,046    2,062,700    1,982,395    3,243,601    5,260,257    14,944  
1.80%    82,647    126,149    57,699    34,039    36,639    102,876    21,397    9,559  
1.85%    659,660    773,804    1,031,493    372,585    367,717    722,100    441,613    2,090  
1.90%    60,824    88,096    64,806    34,672    27,341    49,662    36,604    -     
1.95%    2,484,621    2,064,556    1,463,905    649,669    451,414    1,102,286    1,303,214    35,691  
2.00%    139,140    183,920    65,115    50,546    31,004    30,141    43,716    -     
2.05%    171,531    196,285    312,082    78,266    84,855    174,505    60,741    235  
2.10%    336,146    323,822    140,544    53,550    31,027    83,382    204,101    16,835  
2.15%    59,302    163,066    85,551    23,856    30,155    41,730    40,470    -     
2.20%    563,578    719,566    318,243    159,939    134,229    261,233    316,940    -     
2.25%    1,798    26,885    21,172    18,480    4,092    41,345    4,328    -     
2.30%    227,824    210,940    145,045    66,056    71,879    84,643    140,765    281  
2.35%    5,293    177,234    103,336    39,421    50,071    99,810    7,007    -     
2.40%    54,018    83,118    82,153    26,667    16,387    63,025    79,915    3,248  
2.45%    896    8,440    7,627    6,470    -       28,824    15,092    1,080  
2.50%    82,691    98,405    244,911    42,025    40,463    173,720    73,078    85,575  
2.55%    32,971    39,622    16,350    4,919    13,512    10,278    18,099    -     
2.60%    -       10,375    1,297    -       -       -       -       -     
2.65%    4,393    20,282    14,789    2,625    8,916    2,994    674    -     
2.70%    -       10,349    32,978    227    483    9,644    -       -     
2.75%    4,537    -       665    6,609    -       406    -       -     
2.80%    -       284    -       -       -       -       -       -     
2.85%    -       7,188    4,855    6,940    3,540    7,261    -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    2,805    1,078    -       1,625    -       7,122    -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       673    -       -       -       -       -     
3.40%    -       1,876    -       -       -       -       -       -     
Totals $  35,665,322 $  35,281,992 $  29,636,432 $  10,653,635 $  9,121,647 $  21,706,771 $  20,377,804 $  296,814  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    NVLCA2   NCPG2   NCPGI2   IDPG2   IDPGI2   AMTB   AMINS   AMCG  
0.40% $  609    16,772    8,040    13,113    9,722    25    -       -     
0.60%    28    2,104    6    102    -       -       -       -     
0.65%    -       -       -       -       -       908    -       -     
0.75%    -       -       -       -       -       3,294    -       -     
0.80%    -       -       -       -       -       402    -       -     
0.85%    -       -       -       -       -       5,092    -       -     
0.95%    -       -       -       -       -       3,701    -       -     
1.05%    -       -       -       -       -       787    -       -     
1.10%    -       2,516    3,972    6,661    -       26,234    -       -     
1.15%    3,961    251,562    110,053    216,724    77,597    139,453    -       -     
1.20%    -       -       -       -       -       1,852    -       -     
1.25%    8    470    -       695    317    7,331    600    -     
1.30%    52,532    10,306,987    4,702,934    9,455,255    3,926,308    152,400    -       102  
1.35%    12,993    96,778    16,616    16,235    11,057    23,780    -       -     
1.40%    418    1,078    1,254    854    362    63,130    -       93  
1.45%    1,718    7,430    -       1,062    -       21,905    -       -     
1.50%    78,722    1,779,967    813,549    1,092,168    561,103    30,668    68    -     
1.55%    3,258    40,908    5,156    8,460    3,712    134,882    99    -     
1.60%    9,194    42,155    33,863    37,968    27,656    9,074    -       -     
1.65%    9,852    235,669    125,730    173,991    73,910    18,286    -       -     
1.70%    -       2,587    78    -       -       4,658    -       -     
1.75%    11,161    2,310,632    980,506    1,934,410    899,875    216,109    173    -     
1.80%    606    64,854    39,462    40,766    31,760    9,159    109    -     
1.85%    8,148    871,269    370,017    687,156    330,161    8,239    42    -     
1.90%    -       -       1,481    1,051    2,015    2,607    -       -     
1.95%    47,850    1,115,595    599,253    855,129    409,705    34,227    -       -     
2.00%    97    10,190    8,574    8,026    11,606    5,453    -       -     
2.05%    9,418    128,405    70,516    117,021    38,868    2,963    -       -     
2.10%    286    55,713    11,072    41,895    7,741    6,853    -       -     
2.15%    745    16,103    7,654    3,595    3,596    7,716    487    -     
2.20%    4,745    165,766    92,979    84,293    34,553    12,836    -       -     
2.25%    -       387    200    128    70    2,370    293    -     
2.30%    336    135,741    29,816    65,333    12,471    8,529    -       -     
2.35%    -       -       -       -       -       11,465    -       -     
2.40%    5,116    135,180    67,644    121,138    34,660    -       -       -     
2.45%    -       524    7,739    704    -       61    -       -     
2.50%    752    210,484    73,162    74,062    87,219    2,073    -       -     
2.55%    97    1,809    666    1,287    1,816    366    -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       15,273    -       -       277    -       -     
2.70%    -       -       -       -       -       568    -       -     
2.75%    -       692    30    -       47    -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    -       17,877    18,868    17,697    18,190    -       -       -     
2.90%    -       -       -       -       -       151    -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  262,650 $  18,028,204 $  8,216,163 $  15,076,979 $  6,616,097 $  979,884 $  1,871 $  195  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    AMMCGS   AMSRS   NOTB4   NOTG4   NOTMG4   PMVSTA   PMVIV   PMVRA  
0.40% $  -       -       -       -       -       5,676    327    870  
0.60%    -       -       -       -       -       530    -       228  
0.65%    -       -       -       -       -       -       -       -     
0.75%    -       -       -       -       -       -       -       -     
0.80%    211    134    -       -       -       -       -       -     
0.85%    -       -       -       -       -       -       -       -     
0.95%    456    12,219    -       -       -       -       -       -     
1.05%    75    337    -       -       -       -       -       -     
1.10%    482    2,691    -       -       -       782    -       -     
1.15%    5,095    45,348    -       -       -       29,830    -       -     
1.20%    54    -       -       -       -       -       -       -     
1.25%    1,812    3,758    -       -       -       1,904    -       -     
1.30%    5,029    40,573    20,157    5,624    20,496    370,259    -       -     
1.35%    1,281    6,460    561    1,029    415    6,328    -       -     
1.40%    3,236    11,648    -       -       -       16,189    -       -     
1.45%    3,141    8,094    -       -       -       2,307    -       -     
1.50%    1,949    9,435    22,563    14,437    19,178    114,737    -       -     
1.55%    6,874    20,320    -       -       -       14,472    -       -     
1.60%    1,114    460    37,143    1,307    2,332    69,865    -       -     
1.65%    -       230    790    547    2,952    14,780    -       -     
1.70%    110    12,433    -       -       -       -       -       -     
1.75%    5,949    19,914    32,867    17,196    10,586    66,286    -       -     
1.80%    683    1,943    6,525    4,339    4,865    51,435    -       -     
1.85%    136    1,531    2,467    739    722    26,402    -       -     
1.90%    -       4,758    -       -       -       302    -       -     
1.95%    700    1,883    34,516    23,686    43,852    72,516    -       -     
2.00%    -       142    -       -       -       597    -       -     
2.05%    -       2,847    447    -       -       6,953    -       -     
2.10%    353    1,106    1,400    81    688    5,525    -       -     
2.15%    215    785    547    159    1,393    323    -       -     
2.20%    3,196    1,343    1,426    1,736    2,413    6,530    -       -     
2.25%    -       -       -       -       2,145    127    -       -     
2.30%    3,387    2,258    2,643    6,566    3,361    66    -       -     
2.35%    -       8    -       -       -       789    -       -     
2.40%    776    -       2,587    13,514    704    32,549    -       -     
2.45%    -       -       322    178    954    -       -       -     
2.50%    131    -       2,070    1,248    1,035    1,836    -       -     
2.55%    -       -       340    -       -       389    -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    -       -       -       -       -       -       -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       -       -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    -       -       -       -       8,779    4,412    -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  46,445 $  212,658 $  169,371 $  92,386 $  126,870 $  924,696 $  327 $  1,098  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    PMVFHA   PMUBA   PMVAAD   PMVFAD   PMVLAD   PMVTRD   PMVRSD   PMVEBD  
0.40% $  1,781    45    1,503    744    7,081    12,828    335    220  
0.60%    1,241    264    971    878    2,983    8,253    236    284  
0.65%    -       -       -       -       4,146    5,864    -       -     
0.75%    -       -       3,304    514    14,435    12,011    -       -     
0.80%    -       -       -       8    118    -       -       -     
0.85%    -       -       -       1,265    21,161    14,394    -       -     
0.95%    -       -       -       -       3,841    2,385    -       -     
1.05%    -       -       -       191    5,459    1,796    -       -     
1.10%    -       -       400    1,319    42,856    2,585    -       1,339  
1.15%    -       -       18,680    7,366    332,713    188,225    -       4,938  
1.20%    -       -       -       -       1,083    -       -       -     
1.25%    -       -       159    2,348    19,624    4,103    -       369  
1.30%    -       -       72,325    34,028    1,962,975    1,774,076    -       35,316  
1.35%    -       -       11,422    7,320    85,837    81,840    -       2,835  
1.40%    -       -       4,666    3,219    40,875    32,880    -       -     
1.45%    -       -       1,268    4,913    39,396    23,584    -       923  
1.50%    -       -       137,948    39,518    572,482    714,218    -       50,299  
1.55%    -       -       7,983    7,332    243,847    60,530    -       630  
1.60%    -       -       70,299    20,657    124,057    256,297    -       12,618  
1.65%    -       -       23,172    4,558    74,115    78,062    -       8,231  
1.70%    -       -       1,019    720    11,251    7,414    -       -     
1.75%    -       -       122,300    39,240    1,017,001    909,305    -       12,401  
1.80%    -       -       23,253    3,881    43,875    63,944    -       4,254  
1.85%    -       -       5,786    4,867    258,378    238,930    -       2,839  
1.90%    -       -       -       -       11,174    3,446    -       -     
1.95%    -       -       91,062    29,124    445,664    480,140    -       45,043  
2.00%    -       -       4,728    1,376    22,135    9,886    -       974  
2.05%    -       -       10,612    4,745    51,432    110,296    -       128  
2.10%    -       -       14,268    2,405    49,443    57,798    -       558  
2.15%    -       -       1,563    4,015    15,183    25,501    -       1,401  
2.20%    -       -       26,095    12,429    90,185    127,834    -       2,032  
2.25%    -       -       1,612    100    5,244    3,357    -       316  
2.30%    -       -       2,725    9,035    68,636    92,244    -       807  
2.35%    -       -       -       -       13,489    12,498    -       -     
2.40%    -       -       7,956    3,620    46,096    57,925    -       7,374  
2.45%    -       -       -       -       4,505    3,630    -       95  
2.50%    -       -       4,696    1,868    16,949    26,420    -       94  
2.55%    -       -       2,950    1,250    10,602    16,167    -       34  
2.60%    -       -       -       -       -       431    -       -     
2.65%    -       -       -       -       2,736    2,270    -       -     
2.70%    -       -       -       -       312    596    -       -     
2.75%    -       -       1,800    411    1,292    2,720    -       -     
2.80%    -       -       16    -       96    -       -       -     
2.85%    -       -       -       -       -       506    -       -     
2.90%    -       -       -       -       64    -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  3,022 $  309 $  676,541 $  255,264 $  5,784,826 $  5,527,189 $  571 $  196,352  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    PMVHYD   PVEIB   PVGOB   PVTIGB   HVSIT   ROCSC   TRHS2   VVGGS  
0.40% $  729    -       -       -       183    950    3,111    394  
0.60%    375    112    -       -       350    84    4,512    203  
0.65%    -       -       -       -       735    -       675    -     
0.75%    -       -       -       -       305    -       6,522    -     
0.80%    -       -       -       -       -       -       1,541    -     
0.85%    -       -       -       -       81    -       13,266    -     
0.95%    -       121    2,005    -       -       -       11,308    -     
1.05%    -       226    389    -       -       -       4,163    -     
1.10%    -       288    739    -       5,063    -       7,969    -     
1.15%    -       8,053    10,219    5,336    11,098    -       182,527    -     
1.20%    -       -       -       -       -       -       -       -     
1.25%    -       1,072    5,816    173    -       -       12,862    -     
1.30%    -       -       -       29,830    77,339    -       783,537    -     
1.35%    -       1,898    925    3,065    3,639    -       78,317    -     
1.40%    -       498    1,012    393    521    -       110,595    -     
1.45%    -       2,458    1,100    1,656    718    -       10,211    -     
1.50%    -       995    452    47,967    33,113    -       735,951    -     
1.55%    -       11,349    7,101    1,568    7,899    -       101,005    -     
1.60%    -       2,375    2,394    362    11,927    -       192,310    -     
1.65%    -       -       -       1,109    5,465    -       188,925    -     
1.70%    -       147    270    -       1,064    -       38,237    -     
1.75%    -       4,612    2,446    14,207    43,214    -       368,423    -     
1.80%    -       1,366    5,461    5,573    787    -       99,813    -     
1.85%    -       461    139    2,469    9,970    -       166,856    -     
1.90%    -       332    1,117    -       15    -       7,686    -     
1.95%    -       713    1,486    11,884    31,816    -       565,568    -     
2.00%    -       35    116    287    300    -       20,972    -     
2.05%    -       -       -       1,897    2,684    -       64,323    -     
2.10%    -       350    -       1,014    4,107    -       76,883    -     
2.15%    -       -       1,995    -       633    -       11,812    -     
2.20%    -       -       11    1,786    9,116    -       49,166    -     
2.25%    -       -       -       -       -       -       3,446    -     
2.30%    -       -       -       60    7,386    -       49,471    -     
2.35%    -       -       -       190    1,409    -       2,159    -     
2.40%    -       -       -       753    1,147    -       112,421    -     
2.45%    -       -       598    -       -       -       3,688    -     
2.50%    -       -       -       1,745    1,081    -       25,869    -     
2.55%    -       -       -       113    4,602    -       26,142    -     
2.60%    -       -       -       -       -       -       351    -     
2.65%    -       -       -       25    -       -       7,917    -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       -       -       20,603    -     
2.80%    -       -       -       -       -       -       1,502    -     
2.85%    -       -       -       1,627    -       -       4,349    -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  1,104 $  37,461 $  45,791 $  135,089 $  277,767 $  1,034 $  4,176,964 $  597  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    VWHAS   VWBF   VWEM   VWHA   VYDS   VRVDRA   SVDF   SVOF  
0.40% $  456    -       -       -       -       1    -       -     
0.60%    1,137    -       -       -       -       -       -       -     
0.65%    -       -       -       -       -       -       -       -     
0.75%    1,609    -       -       -       -       82    -       -     
0.80%    34    16    1,125    726    -       -       -       -     
0.85%    360    -       1,043    -       -       -       -       -     
0.95%    268    -       -       -       -       -       -       -     
1.05%    -       -       -       -       -       -       -       -     
1.10%    428    -       -       349    -       -       -       -     
1.15%    16,109    -       -       2,138    41    75    -       -     
1.20%    -       -       -       -       -       -       -       -     
1.25%    561    -       -       294    1,061    -       -       -     
1.30%    84,646    49,968    137,885    93,657    -       1,590    -       3,493  
1.35%    9,432    -       -       1,370    810    54    -       -     
1.40%    5,132    33,152    57,615    23,728    -       104    662    31  
1.45%    428    -       -       132    -       65    -       -     
1.50%    75,642    -       -       6,507    -       1,113    -       -     
1.55%    3,630    -       -       2,498    -       -       -       -     
1.60%    26,797    -       -       1,588    -       198    -       -     
1.65%    15,107    -       -       381    -       102    -       -     
1.70%    930    -       -       42    -       -       -       -     
1.75%    32,960    -       -       2,336    -       -       -       -     
1.80%    5,826    -       -       1,509    -       438    -       -     
1.85%    14,863    -       -       602    -       371    -       -     
1.90%    -       -       -       -       -       -       -       -     
1.95%    60,320    -       -       871    -       2,914    -       -     
2.00%    5,285    -       -       256    -       -       -       -     
2.05%    14,127    -       -       8    -       -       -       -     
2.10%    4,038    -       -       65    -       -       -       -     
2.15%    717    -       -       304    -       -       -       -     
2.20%    13,576    -       -       6,390    -       -       -       -     
2.25%    129    -       -       -       -       -       -       -     
2.30%    6,529    -       -       1,331    -       -       -       -     
2.35%    533    -       -       750    -       -       -       -     
2.40%    10,125    -       -       17    -       503    -       -     
2.45%    278    -       -       -       -       -       -       -     
2.50%    2,599    -       -       -       -       -       -       -     
2.55%    733    -       -       -       -       -       -       -     
2.60%    -       -       -       -       -       -       -       -     
2.65%    392    -       -       -       -       -       -       -     
2.70%    -       -       -       -       -       -       -       -     
2.75%    -       -       -       -       -       -       -       -     
2.80%    -       -       -       -       -       -       -       -     
2.85%    62    -       -       -       -       -       -       -     
2.90%    -       -       -       -       -       -       -       -     
2.95%    -       -       -       -       -       -       -       -     
3.00%    -       -       -       -       -       -       -       -     
3.05%    -       -       -       -       -       -       -       -     
3.10%    -       -       -       -       -       -       -       -     
3.40%    -       -       -       -       -       -       -       -     
Totals $  415,798 $  83,136 $  197,668 $  147,849 $  1,912 $  7,610 $  662 $  3,524  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

                                   
    WFVSCG   WFVOG2   AMTP    
0.40% $  2,464    -       -       
0.60%    3,734    -       -       
0.65%    223    -       -       
0.75%    877    -       -       
0.80%    429    -       -       
0.85%    5,548    -       -       
0.95%    1,289    -       -       
1.05%    3,115    -       -       
1.10%    12,871    -       -       
1.15%    43,731    -       -       
1.20%    -       -       -       
1.25%    4,211    -       -       
1.30%    257,591    -       -       
1.35%    25,257    -       -       
1.40%    16,704    133    50    
1.45%    7,959    -       -       
1.50%    256,722    -       -       
1.55%    38,575    -       -       
1.60%    60,526    -       -       
1.65%    177,125    -       -       
1.70%    1,337    -       -       
1.75%    198,042    59    -       
1.80%    31,556    -       -       
1.85%    43,722    -       -       
1.90%    1,172    -       -       
1.95%    170,922    -       -       
2.00%    6,214    -       -       
2.05%    22,182    -       -       
2.10%    20,465    -       -       
2.15%    876    -       -       
2.20%    21,711    -       -       
2.25%    3,000    -       -       
2.30%    24,452    -       -       
2.35%    1,958    -       -       
2.40%    20,487    -       -       
2.45%    114    -       -       
2.50%    5,149    -       -       
2.55%    5,515    -       -       
2.60%    -       -       -       
2.65%    248    -       -       
2.70%    20    -       -       
2.75%    299    -       -       
2.80%    -       -       -       
2.85%    199    -       -       
2.90%    -       -       -       
2.95%    -       -       -       
3.00%    -       -       -       
3.05%    -       -       -       
3.10%    -       -       -       
3.40%    -       -       -       
Totals $  1,498,591 $  192 $  50    

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

(3) Annuity Benefits

 

Annuity benefit proceeds result in a redemption 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.

 

(4) 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.

 

Contract owners 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. The fixed account assets are not reflected in the accompanying financial statements. In addition, the Separate Account portion of contract owner loans is transferred to the accounts of the Company for administration and collection. Loan repayments are transferred to the Separate Account at the direction of the contract owner. For the years ended December 31, 2019 and 2018, total transfers to the Separate Account from the fixed account were $428,008,685 and $439,788,550, respectively, and total transfers from the Separate Account to the fixed account were $148,335,147 and $173,214,080, respectively. Transfers from the Separate Account to the fixed account are included in redemptions, and transfers to the Separate Account from the fixed account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Changes in Contract Owners' Equity.

 

For contracts with the Extra Value option, the Company contributed $198 and $26,415 to the Separate Account in the form of bonus credits to the contract owner accounts for the years ended December 31, 2019 and 2018, respectively. These amounts are included in purchase payments received from contract owners and are credited at the time the related purchase payment from the contract owner is received.

 

For guaranteed minimum death benefits, the Company contributed $12,499,336 and $9,904,390 to the Separate Account in the form of additional premium to contract owner accounts for the years ended December 31, 2019 and 2018, respectively. These amounts are included in purchase payments received from contract owners and are credited at time of annuitant death.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

For Purchase Payment Credits, the Company contributed $7,196,689 and $6,407,859 to the Separate Account in the form of additional credit to the contract owner accounts for the years ended December 31, 2019 and 2018, respectively. These amounts are included in purchase payments received from contract owners and, as applicable, are applied to a contract when cumulative purchase payments reach certain aggregate levels.

 

(5) 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 Separate Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2019.

 

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2019:

 

    Level 1     Level 2     Level 3     Total
           
Separate Account Investments $ 55,503,922,499   $ -   $ -   $ 55,503,922,499
                       

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2019 are as follows:

 

    Purchases of
Investments		     Sales of Investments
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS) $ 5,189,817    $ 3,712,364
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio (DVSCS)   8,624,237     12,008,786
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)   15,297,306     29,992,811
BNY Mellon Stock Index Fund, Inc.: Service Shares  (DSIFS)   11,460,423     24,091,094
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)   1,970,430     4,293,863
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)   3,382,577     3,389,056
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)   15,302,240     18,882,579
BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)   195,693     156,028
BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)   1,705,155     1,720,612
Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)   1,118,753     1,133,839
Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)   2,451,974     1,818,034
Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares (IVKMG2)   4,032,092     4,355,030
Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)   723     25,178
Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)   5,533,154     4,333,391
Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)   504,782     1,017,679
Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)   417,711     540,876
Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)   464,860     539,638
Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)   36,993     102,732

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Wealth Strategy Portfolio: Class B (ALVBWB)   55,786     93,613
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)   629,465     571,102
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)   660,734     154,747
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)   2,339     3,672
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)   503,768     1,827,532
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)   253,610     394,664
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)   22,219,090     18,528,415
ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)   1,537     517
ALPS Variable Investment Trust - ALPS/Red Rocks Listed Private Equity Portfolio: Class III (ARLPE3)   734     360
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)   321,399     112,742
American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)   1,296,574     3,878,328
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)   6,427     3,886
American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class I (ACVIG)   2,227,799     2,964,716
American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class II (ACVIG2)   477,123     371,330
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)   15,233,556     41,909,090
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)   1,835,045     2,122,063
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)   24,978,445     25,574,857
American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)   331,710     1,839
American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)   1,163,955     1,124,881
American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)   262,571     191,537
American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)   50,507,380     69,108,991
American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)   154,658     59,185
American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4)   431,574     118,561
American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)   59,696     123,630
American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)   17,458     5,005
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)   49,907,457     25,823,928
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)   71,845,539     31,401,333
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)   34,177,999     27,988,678
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)   18,542,440     40,319,587
Schwab Government Money Market Portfolio(TM) (CHSMM)   3,330,680     3,025,813
Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)   13,190,529     5,254,526
Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)   332,786     267,010
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)   16,240,378     13,025,208

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)   12,703,613     20,398,613
Federated Insurance Series - Federated Managed Volatility Fund II: Service Shares (FVU2S)   35,361     37,246
Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares (FQB)   398,043     864,129
Federated Insurance Series - Federated Quality Bond Fund II: Service Shares (FQBS)   911,990     2,361,242
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)   10,508,057     143,700
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)   22,555,384     34,571,224
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)   746,747     1,147,419
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)   4,335,587     6,898,952
Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)   5,410,354     11,648,643
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)   178,119,551     13,248,172
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)   5,011,621     10,232,538
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)   36,756,230     42,363,916
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)   706,137     558,368
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)   31,443,647     20,077,386
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)   1,053,976     2,233,189
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)   32,311,697     52,031,385
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)   2,030,600     1,706,096
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)   8,226,130     7,550,267
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)   193,948,754     30,333,246
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)   25,623,213     46,933,164
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)   49,005,687     50,653,969
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)   3,195,475     2,125,671
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)   160,332,702     50,874,399
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)   2,169,049     2,341,586
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)   45,363,759     40,724,569
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)   2,768,928     5,681,677
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)   10,589,927     15,998,708
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)   848,110     1,043,140
Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)   10,473,803     7,238,253
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)   11,068,214     6,884,296
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)   24,080,441     33,457,161
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)   5,982,211     5,693,093
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)   17,896,545     15,036,779
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)   352,062     178,564
Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)   748,072     1,816,128
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)   2,143,863     4,011,561
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)   9,374,509     14,499,375
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)   10,594,145     9,977,359

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)   339,810     33,100
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)   1,315,781     639
JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)   1,265,171     2,162,682
Janus Henderson VIT Balanced Portfolio: Service Shares (JABS)   921,571     2,274,279
Janus Henderson VIT Enterprise Portfolio: Service Shares (JAMGS)   429,036     656,238
Janus Henderson VIT Flexible Bond Portfolio: Service Shares (JAFBS)   11,228,898     11,968,341
Janus Henderson VIT Forty Portfolio: Service Shares (JACAS)   16,114,324     24,879,095
Janus Henderson VIT Global Technology Portfolio: Service Shares (JAGTS)   33,789,299     24,553,432
Janus Henderson VIT Overseas Portfolio: Service Shares (JAIGS)   1,180,756     5,588,249
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)   3,217,349     7,485,346
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)   17,098,558     6,990,082
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)   226,152     497
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)   60,265     20,321
MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)   1,152,780     1,292,775
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)   30,706,988     7,640,887
MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)   40,890     31,430
MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)   32,336,576     59,071,765
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)   2,631,443     442,047
MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)   22,293,784     31,330,125
The Merger Fund VL - The Merger Fund VL (MGRFV)   7,765     1,107
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)   3,122,700     3,166,125
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)   2,811,611     2,890,662
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)   2,096,140     1,555,869
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)   71,555     175,168
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)   36,789     51,749
Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)   47,833     97,766
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)   2,194     2,899
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class II (MSVREB)   109     556
Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)   9,814     3,927
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)   2,172,515     92,143
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)   2,806,932     263,504
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)   1,016,216     840
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)   660,307     558
Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)   6,037,117     733,487
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)   712,004     1,772
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)   135,264,881     11,657,485
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)   364,636,683     16,344,681
Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I (NVAMV1)   5,272,165     5,448,740
Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class II (NVAMV2)   27,625,193     22,089,975

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)   592,878,896     482,875,499
Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)   349,013,991     220,735,589
Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)   50,755,225     32,266,421
Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)   114,411,264     55,255,526
Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)   565,857,079     167,413,648
Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)   10,203,120     13,591,655
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)   1,337,814     1,955,186
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)   4,521,298     8,009,532
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)   1,168,136     2,924,828
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)   5,916,829     7,570,785
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)   6,553,935     8,230,396
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)   8,767,838     8,771,538
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I (NVNSR1)   316,718     515,789
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class II (NVNSR2)   26,779,360     27,160,352
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II (NVCRA2)   11,483,280     7,654,884
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II (NVCRB2)   188,406,803     203,027,982
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II (NVCCA2)   284,435,482     304,164,482
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II (NVCCN2)   76,208,637     100,180,102
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II (NVCMD2)   238,394,103     289,540,649
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II (NVCMA2)   40,122,946     41,540,296
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II (NVCMC2)   57,700,986     84,140,999
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)   1,468,161     926,923
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)   22,133,444     19,157,760
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)   10,006,481     14,626,021
Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I (TRF)   7,411,206     15,006,567
Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class II (TRF2)   21,069,909     23,019,653
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)   61,947,996     92,552,374
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)   336,221     323,078
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)   15,075,396     6,128,328
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)   18,419,940     23,017,227
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)   141,853,475     133,601,518
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)   129,935,481     165,203,597
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)   92,996,146     128,574,018
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)   254,672,646     278,646,387
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)   80,372,541     111,800,984
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)   54,865,987     83,230,220
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)   69,676,652     25,530,942
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)   164,437,783     225,885,181

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I (NVMIG1)   1,675,834     2,580,565
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class II (NVMIG6)   11,195,008     18,932,041
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)   737,306     298,325
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II (GVDIV2)   19,997,085     7,389,449
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I (NVMLG1)   2,038,614     2,045,871
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class II (NVMLG2)   29,518,260     25,562,970
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)   1,125,982     908,393
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II (NVMLV2)   31,417,020     8,710,212
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I (NVMMG1)   44,469,245     21,007,306
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class II (NVMMG2)   53,876,442     25,391,930
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)   133,035     122,446
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)   48,433,902     31,928,089
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)   2,428,016     1,358,761
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)   17,235,521     7,455,332
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)   7,986,098     3,623,663
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)   13,556,948     4,828,345
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)   7,031,090     7,145,871
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)   7,253,574     5,385,550
Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)   32,697,161     54,627,687
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)   32,099,579     47,625,293
Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class I (NVOLG1)   103,042,273     45,744,445
Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class II (NVOLG2)   113,671,739     51,989,155
Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I (NVTIV3)   38,906,521     21,194,206
Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)   1,148,295     652,421
Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)   63,761,607     12,974,864
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)   1,157,690     5,935,929
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)   13,993,963     15,592,085
Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II (NVLM2)   4,244,227     2,523,492
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)   8,151,106     1,925,808
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II (NCPG2)   95,722,083     64,406,277
Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II (NCPGI2)   34,753,813     33,558,351
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)   71,004,961     40,562,884
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)   39,956,128     29,363,039
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)   53,681,714     7,673,658
Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)   136,328,341     51,662,809

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)   43,791,371     6,453,015
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)   5,607,750     15,427,045
Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)   4,818     17,711
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)   7,705     8,093
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)   1,025,913     999,758
Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)   3,407     15,013
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)   978,341     2,426,520
Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)   9,902,353     6,344,529
Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)   1,070,871     3,594,560
Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)   878,716     2,683,102
Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)   19,767,450     17,943,903
Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)   30,686,526     22,580,537
Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)   277,391     150,563
Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)   2,481,247     1,868,320
Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)   44,977,114     36,432,590
Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)   693,472     1,728,003
Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)   14,732,510     10,874,689
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)   2,859,495     1,816,957
Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)   365,065     192,858
Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)   447,276     1,261,122
PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)   242,679     5,934
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)   2,358,409     4,040,085
PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)   1,342,174     3,059,661
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)   46,239,272     63,897,252
PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)   32,892,309     54,089,155
PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)   63,837     65,484
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)   3,119,086     2,176,797
PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)   28,622     27,670
PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)   3,164     306
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)   30,731,083     11,071,596
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)   136,227     113,956
PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)   41,191     30,861
Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares  (GVSSCS)   106,440     431,956
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)   991,913     2,864,274
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)   1,209,950     33,953
Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)   758,784     468,618
Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)   2,148,086     1,069,588
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)   10,498,617     1,138,439
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)   2,650,758     431,718
Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)   34,519     8,955
Guggenheim Variable Fund - Long Short Equity Fund (RSRF)   867     199
Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)   694,356     1,820,144
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)   20,855,075     36,110,166
VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)   241,574     28,729
VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)   9,650,968     10,613,387
VanEck VIP Trust - Unconstrained Emerging Markets Bond Fund: Initial Class (VWBF)   93,249     955,779
VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)   954,779     2,226,703

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

VanEck VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)   44     1,416,587
Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)   1,570,899     4,206,690
Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)   109,199     76,428
Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)   448,231     1,091,821
Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)   9,757,345     22,035,720
Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)   8,795     1,022
Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)   8,457,949     17,715,636
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)   52,136,068     28,960,365
Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)   2,720     13,579
Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)   1,395,301     1,655,750
Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)   2,673,936     5,388,023
Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)   6,065,919     10,128,125
Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)   461,366     347,448
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)   4,850     3,203
Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)   33,531     33,807
Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)   24,083,567     19,154,889
Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)   1,609     11,700
  $ 7,461,674,803   $ 5,772,325,946

 

(6) Financial Highlights

 

The Company offers several variable annuity products through the Separate Account that have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns. The following tabular presentation is a summary of units, unit fair values, contract owners' equity outstanding and contract expense rates for variable annuity contracts as of December 31, 2019, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2019. The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate for contracts with units outstanding as of the balance sheet date. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented. Total return and investment income ratio for periods with no ending Contract Owners’ Equity were considered to be irrelevant, and therefore are not presented. Contract Owners’ Equity presented below may not agree to the Contract Owners’ Equity presented in the Statements of Changes due to reserves for annuity contracts in payout.

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio** 

   Total
Return***		  
                           
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Wealth Strategy Portfolio: Class B (ALVBWB)
2019   0.40%   19,109   $ 16.91   $ 323,129   2.51%   17.73%  
2018   0.40%   24,863   14.36   357,099   1.65%   -6.79%  
2017   0.40%   30,764   15.41   474,039   1.82%   15.16%  
2016   0.40%   40,001   13.38   535,226   1.77%   4.03%  
2015   0.40%   40,380   12.86   519,385   2.14%   0.89%  
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class B (ALVGIB)  
2019   0.95% to 2.20%   127,381   31.00 to 31.11   4,417,884   1.04%   22.44% to 20.89%  
2018   0.95% to 2.20%   139,338   25.32 to 25.74   3,972,318   0.74%   -6.74% to -7.93%  
2017   0.95% to 2.25%   151,189   27.15 to 27.74   4,646,927   1.21%   17.47% to 15.94%  
2016   0.95% to 2.25%   191,288   23.11 to 23.93   5,023,652   0.82%   10.02% to 8.58%  
2015   0.95% to 2.25%   223,475   21.01 to 22.04   5,355,148   1.16%   0.46% to -0.86%  
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)  
2019   0.40% to 2.05%   138,361   8.96 to 8.72   1,218,872   1.06%   16.32% to 14.40%  
2018   1.15% to 1.95%   78,022   7.67 to 7.63   596,866   1.31%   -23.33% to -23.75% ****
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)  
2019   0.60%   4,030   13.40   53,995   2.05%   14.82%  
2018   0.60%   4,197   11.67   48,975   1.88%   -7.63%  
2017   0.60%   4,267   12.63   53,903   1.89%   13.98%  
2016   0.40% to 0.60%   5,166   11.17 to 11.08   57,330   0.86%   3.18% to 2.97%  
2015   0.40% to 0.60%   8,584   10.82 to 10.76   92,651   0.89%   -1.49% to -1.68%  
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B (ALVDAB)  
2019   1.15% to 2.75%   1,110,926   13.62 to 12.02   14,350,826   1.80%   13.92% to 12.07%  
2018   1.15% to 2.75%   1,218,690   11.95 to 10.72   13,924,702   1.57%   -8.42% to -9.91%  
2017   1.15% to 2.75%   1,435,565   13.05 to 11.90   18,039,735   1.73%   13.01% to 11.19%  
2016   1.15% to 2.75%   1,590,436   11.55 to 10.70   17,765,025   0.58%   2.18% to 0.53%  
2015   1.10% to 2.75%   1,778,946   11.32 to 10.65   19,589,104   0.68%   -2.39% to -4.01%  
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)  
2019   0.40% to 0.60%   33,267   17.93 to 17.69   595,041   0.63%   19.62% to 19.38%  
2018   0.40% to 0.60%   46,638   14.99 to 14.82   696,729   0.50%   -15.37% to -15.54%  
2017   0.40% to 0.60%   52,066   17.71 to 17.54   918,797   0.45%   12.70% to 12.47%  
2016   0.40% to 0.60%   50,194   15.71 to 15.60   786,301   0.47%   24.59% to 24.34%  
2015   0.40% to 0.60%   23,874   12.61 to 12.54   300,857   0.73%   -5.86% to -6.05%  
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)  
2019   0.40% to 2.85%   2,334,269   24.79 to 31.78   98,654,265   0.32%   19.42% to 16.49%  
2018   0.40% to 2.85%   2,480,515   20.76 to 27.29   88,375,527   0.22%   -15.64% to -17.72%  
2017   0.40% to 2.85%   2,686,124   24.61 to 33.16   114,676,538   0.24%   12.40% to 9.64%  
2016   0.40% to 2.85%   2,879,199   21.89 to 30.25   110,645,228   0.36%   24.29% to 21.25%  
2015   0.40% to 2.85%   2,884,800   17.61 to 24.95   90,490,876   0.52%   -6.07% to -8.38%  
Alger Mid Cap Growth Portfolio: Class S Shares (ALMCS)  
2019   0.95% to 1.05%   10,997   28.87 to 28.39   313,636   0.00%   28.40% to 28.27%  
2018   0.95% to 1.05%   14,528   22.48 to 22.14   323,749   0.00%   -8.67% to -8.76%  
2017   0.95% to 1.05%   15,407   24.62 to 24.26   376,240   0.00%   27.96% to 27.83%  
2016   0.95% to 1.05%   13,340   19.24 to 18.98   254,416   0.00%   -0.47% to -0.57%  
2015   0.95% to 1.05%   17,677   19.33 to 19.09   339,556   0.00%   -2.83% to -2.92%  
ALPS Variable Investment Trust - ALPS/Red Rocks Listed Private Equity Portfolio: Class III (ARLPE3)  
2019   0.60%   5,727   12.14   69,504   0.00%   39.00%  
2018   0.60%   5,727   8.73   50,003   0.00%   -12.69% ****
ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)  
2019   0.40%   2,758   8.33   22,970   1.69%   19.93%  
2018   0.40%   2,662   6.94   18,486   1.73%   -19.28%  
2017   0.40%   2,975   8.60   25,596   2.70%   -1.23%  
2016   0.40%   1,359   8.71   11,839   2.99%   40.23%  
2015   0.40%   330   6.21   2,050   0.94%   -37.88% ****
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)  
2019   0.40% to 0.60%   181,218   10.40 to 10.26   1,882,070   2.62%   8.72% to 8.50%  
2018   0.40% to 0.60%   164,109   9.56 to 9.46   1,567,758   3.24%   -2.96% to -3.16%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
2017   0.40% to 0.60%   118,106   9.86 to 9.76   1,162,923   3.54%   3.51% to 3.30%  
2016   0.40% to 0.60%   44,469   9.52 to 9.45   422,663   2.30%   4.29% to 4.08%  
2015   0.40% to 0.60%   33,187   9.13 to 9.08   302,685   2.40%   -2.67% to -2.87%  
American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)  
2019   0.80% to 1.40%   606,322   40.04 to 40.37   26,517,118   1.55%   18.89% to 18.17%  
2018   0.80% to 1.40%   685,780   33.68 to 34.16   25,337,419   1.40%   -4.60% to -5.18%  
2017   0.80% to 1.40%   753,983   35.31 to 36.03   29,338,342   1.53%   13.00% to 12.32%  
2016   0.80% to 1.40%   849,906   31.24 to 32.08   29,397,866   1.57%   6.14% to 5.50%  
2015   0.80% to 1.40%   952,327   29.44 to 30.41   31,165,843   1.72%   -3.35% to -3.94%  
American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class I (ACVIG)  
2019   0.80% to 1.40%   498,774   30.40 to 26.65   13,515,695   2.07%   22.96% to 22.21%  
2018   0.80% to 1.40%   578,960   24.72 to 21.81   12,831,751   1.92%   -7.62% to -8.18%  
2017   0.80% to 1.40%   610,024   26.76 to 23.75   14,711,679   2.35%   19.52% to 18.80%  
2016   0.80% to 1.40%   690,001   22.39 to 19.99   13,995,878   2.36%   12.58% to 11.90%  
2015   0.80% to 1.40%   774,518   19.89 to 17.87   14,032,779   2.09%   -6.38% to -6.94%  
American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class II (ACVIG2)  
2019   0.95% to 2.40%   107,378   30.44 to 28.56   3,573,215   1.83%   22.57% to 20.78%  
2018   0.95% to 2.40%   113,996   24.84 to 23.65   3,108,648   1.67%   -8.08% to -9.43%  
2017   0.95% to 2.40%   124,007   27.02 to 26.11   3,694,137   2.10%   19.16% to 17.42%  
2016   0.95% to 2.40%   136,268   22.67 to 22.24   3,420,647   2.08%   12.13% to 10.49%  
2015   0.95% to 2.40%   161,772   20.22 to 20.13   3,616,427   1.80%   -6.84% to -8.21%  
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)  
2019   0.40% to 2.85%   14,004,669   13.77 to 11.16   197,180,047   2.29%   8.47% to 5.80%  
2018   0.40% to 2.85%   16,102,403   12.70 to 10.55   211,026,750   2.83%   -3.21% to -5.60%  
2017   0.40% to 2.85%   16,760,938   13.12 to 11.17   229,258,020   2.62%   3.26% to 0.73%  
2016   0.40% to 2.85%   16,430,647   12.70 to 11.09   220,038,920   1.83%   3.97% to 1.42%  
2015   0.40% to 2.70%   16,784,497   12.22 to 11.16   218,767,491   1.96%   -2.86% to -5.10%  
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)  
2019   0.40% to 1.40%   399,967   20.10 to 28.07   10,809,320   2.05%   28.63% to 27.34%  
2018   0.40% to 1.40%   458,528   15.63 to 22.04   9,755,079   1.41%   -13.19% to -14.06%  
2017   0.40% to 1.40%   517,510   18.00 to 25.65   12,924,699   1.53%   11.25% to 10.13%  
2016   0.40% to 1.40%   576,317   16.18 to 23.29   13,078,348   1.71%   22.36% to 21.14%  
2015   0.40% to 1.40%   424,721   13.22 to 19.23   8,057,157   1.65%   -1.83% to -2.81%  
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)  
2019   0.40% to 2.85%   5,000,394   30.50 to 26.62   160,894,132   1.91%   28.48% to 25.32%  
2018   0.40% to 2.85%   5,609,467   23.74 to 21.24   141,799,223   1.27%   -13.31% to -15.46%  
2017   0.40% to 2.85%   6,044,690   27.38 to 25.12   178,366,410   1.38%   11.02% to 8.30%  
2016   0.40% to 2.85%   6,722,132   24.66 to 23.20   180,219,498   1.56%   22.23% to 19.23%  
2015   0.40% to 2.85%   5,648,494   20.18 to 19.46   125,755,186   1.52%   -1.97% to -4.38%  
American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)  
2019   0.40% to 0.60%   13,318   11.17 to 11.14   148,449   2.70%   17.15% to 16.91%  
2018   0.40% to 0.60%   12,383   9.54 to 9.53   118,006   1.48%   -4.61% to -4.74% ****
American Funds Insurance Series(R) - Blue Chip Income and Growth Fund: Class 4 (AMVBC4)  
2019   0.40% to 0.60%   48,970   11.24 to 11.20   549,737   2.10%   20.55% to 20.31%  
2018   0.40% to 0.60%   22,264   9.32 to 9.31   207,323   1.57%   -6.76% to -6.89% ****
American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)  
2019   0.40% to 0.60%   50,587   10.42 to 10.39   525,622   1.31%   22.18% to 21.93%  
2018   0.40% to 0.60%   41,884   8.53 to 8.52   356,821   1.40%   -14.71% to -14.83% ****
American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)  
2019   0.60%   47,375   11.38   539,073   0.00%   30.46%  
2018   0.60%   16,712   8.72   145,761   0.00%   -12.77% ****
American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)  
2019   1.30%   49,615   218.98   10,864,364   0.99%   29.41%  
2018   1.30%   54,721   169.22   9,259,805   0.66%   -1.32%  
2017   1.30%   62,814   171.48   10,771,585   0.67%   26.96%  
2016   1.30%   82,124   135.07   11,092,388   0.99%   8.34%  
2015   1.30%   92,503   124.67   11,532,578   0.80%   5.73%  

 

 

  

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
American Funds Insurance Series(R) - High-Income Bond Fund: Class 1 (AFHY)
2019   1.30%   7,182   69.44   498,748   6.45%   11.38%  
2018   1.30%   6,474   62.35   403,644   5.17%   -3.43%  
2017   1.30%   11,741   64.56   757,997   6.21%   5.86%  
2016   1.30%   13,960   60.99   851,416   6.41%   16.30%  
2015   1.30%   13,269   52.44   695,779   5.38%   -8.15%  
American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)  
2019   0.40% to 2.85%   48,793,019   15.25 to 12.92   751,824,542   2.33%   17.51% to 14.62%  
2018   0.40% to 2.85%   52,660,875   12.98 to 11.27   698,288,757   1.34%   -5.28% to -7.62%  
2017   0.40% to 2.85%   57,113,592   13.70 to 12.20   808,276,400   0.77%   14.35% to 11.54%  
2016   0.40% to 2.85%   60,059,364   11.98 to 10.94   751,684,583   1.32%   6.85% to 4.23%  
2015   0.40% to 2.75%   63,474,141   11.21 to 10.52   752,011,702   1.49%   -1.47% to -3.79%  
American Funds Insurance Series(R) - U.S. Government/AAA-Rated Securities Fund: Class 1 (AFGC)  
2019   1.30%   16,091   37.50   603,338   2.18%   4.32%  
2018   1.30%   17,972   35.94   645,953   2.01%   -0.41%  
2017   1.30%   18,957   36.09   684,134   1.53%   0.51%  
2016   1.30%   19,599   35.91   703,758   1.59%   0.12%  
2015   1.30%   21,051   35.86   754,989   1.59%   0.61%  
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)  
2019   0.40% to 2.85%   16,520,109   15.43 to 13.74   242,401,136   1.83%   26.95% to 23.83%  
2018   0.40% to 2.85%   17,237,659   12.15 to 11.09   201,391,321   1.72%   -7.79% to -10.07%  
2017   0.40% to 2.85%   18,794,597   13.18 to 12.33   240,731,201   1.58%   16.03% to 13.18%  
2016   0.40% to 2.85%   17,052,613   11.36 to 10.90   190,253,960   1.79%   15.60% to 12.76%  
2015   0.40% to 2.50%   6,235,745   9.83 to 9.69   60,821,673   1.38%   -1.73% to -3.12% ****
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)  
2019   0.40% to 2.55%   4,274,867   11.39 to 11.11   49,951,526   5.18%   14.40% to 11.93%  
2018   0.40% to 2.55%   2,224,850   9.96 to 9.93   22,899,633   5.18%   -3.28% to -5.38%  
2017   0.40% to 2.55%   2,888,766   10.30 to 10.49   31,168,746   5.00%   2.98% to 4.36%  
2016   1.15% to 2.50%   1,270,873   10.29 to 10.06   12,972,988   5.17%   11.52% to 10.01%  
2015   1.15% to 2.50%   472,591   9.23 to 9.15   4,345,939   2.87%   -7.70% to -8.55% ****
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)  
2019   0.40% to 2.85%   33,610,292   11.11 to 9.89   356,599,362   2.61%   8.71% to 6.04%  
2018   0.40% to 2.85%   30,210,417   10.22 to 9.33   297,633,981   2.47%   -1.12% to -3.57%  
2017   0.40% to 2.85%   24,686,644   10.34 to 9.67   248,305,125   2.23%   2.79% to 0.27%  
2016   0.40% to 2.85%   16,323,965   10.06 to 9.65   161,297,863   1.76%   2.05% to -0.45%  
2015   0.40% to 2.50%   6,186,106   9.86 to 9.72   60,516,404   0.94%   -1.45% to -2.84% ****
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)  
2019   0.40% to 2.85%   18,748,962   20.13 to 15.43   330,200,800   1.25%   17.28% to 14.40%  
2018   0.40% to 2.85%   20,772,328   17.16 to 13.49   315,810,502   0.84%   -7.95% to -10.23%  
2017   0.40% to 2.85%   22,494,782   18.64 to 15.03   375,898,088   1.27%   13.25% to 10.48%  
2016   0.40% to 2.85%   23,713,308   16.46 to 13.60   354,185,101   1.19%   3.39% to 0.85%  
2015   0.40% to 2.85%   25,726,229   15.92 to 13.49   375,967,713   1.09%   -1.40% to -3.82%  
BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)  
2019   0.40% to 2.85%   2,526,416   14.02 to 12.17   33,137,075   0.40%   19.38% to 16.44%  
2018   0.40% to 2.85%   2,557,928   11.74 to 10.46   28,395,977   0.34%   -16.02% to -18.10%  
2017   0.40% to 2.85%   2,675,080   13.99 to 12.77   35,765,531   0.84%   14.58% to 11.77%  
2016   0.40% to 2.85%   2,569,957   12.21 to 11.42   30,355,510   0.81%   14.74% to 11.93%  
2015   0.40% to 2.85%   2,257,127   10.64 to 10.20   23,521,160   0.34%   -2.91% to -5.29%  
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio (DVSCS)  
2019   0.40% to 2.55%   1,588,614   28.96 to 40.71   68,693,857   0.91%   21.72% to 19.10%  
2018   0.40% to 2.55%   1,815,204   23.79 to 34.18   64,943,534   0.82%   -9.34% to -11.31%  
2017   0.40% to 2.55%   2,016,378   26.24 to 38.54   80,553,584   0.68%   11.95% to 9.55%  
2016   0.40% to 2.95%   2,464,385   23.44 to 30.66   89,216,990   0.92%   25.22% to 22.03%  
2015   0.40% to 2.95%   2,597,922   18.72 to 25.13   76,264,013   0.76%   -2.72% to -5.21%  
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)  
2019   0.80% to 1.40%   2,915,046   67.92 to 75.23   223,546,554   1.71%   30.13% to 29.35%  
2018   0.80% to 1.40%   3,296,757   52.20 to 58.16   195,315,563   1.64%   -5.40% to -5.98%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
2017   0.80% to 1.40%   3,700,488   55.18 to 61.86   232,999,693   1.70%   20.57% to 19.84%  
2016   0.80% to 1.40%   4,105,599   45.76 to 51.62   215,623,442   2.00%   10.82% to 10.15%  
2015   0.80% to 1.40%   4,605,478   41.30 to 46.86   219,443,889   1.81%   0.30% to -0.31%  
BNY Mellon Stock Index Fund, Inc.: Service Shares  (DSIFS)  
2019   0.40% to 2.55%   3,569,193   26.60 to 32.58   134,065,977   1.46%   30.32% to 27.51%  
2018   0.40% to 2.55%   4,135,263   20.41 to 25.55   120,440,859   1.39%   -5.24% to -7.29%  
2017   0.40% to 2.55%   4,741,553   21.54 to 27.57   147,798,113   1.45%   20.73% to 18.13%  
2016   0.40% to 2.65%   5,448,421   17.84 to 23.00   141,923,286   1.75%   11.00% to 8.50%  
2015   0.40% to 2.65%   6,053,900   16.07 to 21.20   144,118,066   1.54%   0.46% to -1.80%  
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)  
2019   0.80% to 1.40%   660,931   48.95 to 55.15   38,768,298   1.47%   33.28% to 32.48%  
2018   0.80% to 1.40%   729,093   36.73 to 41.63   32,262,621   1.80%   -5.17% to -5.75%  
2017   0.80% to 1.40%   811,429   38.73 to 44.17   38,057,925   1.16%   14.41% to 13.72%  
2016   0.80% to 1.40%   917,419   33.85 to 38.84   37,838,359   1.31%   9.49% to 8.83%  
2015   0.80% to 1.40%   1,041,694   30.92 to 35.68   39,423,748   1.07%   -3.97% to -4.55%  
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)  
2019   0.80% to 1.40%   747,557   41.20 to 35.95   27,383,863   1.17%   35.01% to 34.19%  
2018   0.80% to 1.40%   835,497   30.52 to 26.79   22,786,540   1.26%   -7.60% to -8.16%  
2017   0.80% to 1.40%   883,156   33.03 to 29.17   26,202,804   1.33%   26.32% to 25.56%  
2016   0.80% to 1.40%   997,558   26.15 to 23.24   23,553,895   1.63%   7.04% to 6.40%  
2015   0.80% to 1.40%   1,207,976   24.43 to 21.84   26,784,876   1.69%   -3.25% to -3.83%  
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Service Shares (DCAPS)  
2019   0.40% to 2.75%   2,761,476   25.45 to 25.98   92,162,383   0.93%   35.24% to 32.05%  
2018   0.40% to 2.75%   3,195,645   18.82 to 19.68   79,876,330   1.01%   -7.48% to -9.67%  
2017   0.40% to 2.75%   3,794,414   20.34 to 21.78   103,566,423   1.08%   26.50% to 23.53%  
2016   0.40% to 2.75%   4,453,762   16.08 to 17.64   97,160,288   1.39%   7.20% to 4.68%  
2015   0.40% to 2.75%   5,048,905   15.00 to 16.85   104,183,974   1.45%   -3.10% to -5.39%  
BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Service Shares (DVDLS)  
2019   0.95% to 2.25%   33,308   21.87 to 22.58   839,641   0.00%   20.34% to 18.76%  
2018   0.95% to 2.25%   37,666   18.18 to 19.01   796,999   0.00%   -20.06% to -21.12%  
2017   0.95% to 2.25%   37,554   22.74 to 24.10   994,850   0.00%   23.19% to 21.58%  
2016   0.95% to 2.25%   35,835   18.46 to 19.82   798,650   0.00%   15.68% to 14.17%  
2015   0.95% to 2.25%   50,639   15.95 to 17.36   965,449   0.00%   -3.45% to -4.72%  
BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)  
2019   0.80% to 1.40%   396,354   38.58 to 33.55   13,545,644   1.08%   28.09% to 27.31%  
2018   0.80% to 1.40%   442,636   30.12 to 26.35   11,870,241   0.80%   -5.45% to -6.03%  
2017   0.80% to 1.40%   494,849   31.85 to 28.04   14,109,751   0.74%   18.75% to 18.04%  
2016   0.80% to 1.40%   536,200   26.82 to 23.76   12,939,798   1.20%   9.15% to 8.50%  
2015   0.80% to 1.40%   615,539   24.57 to 21.90   13,679,890   0.85%   0.77% to 0.16%  
Schwab Government Money Market Portfolio(TM) (CHSMM)  
2019   0.75% to 1.35%   539,381   9.76 to 9.70   5,397,812   1.90%   1.15% to 0.54%  
2018   0.75% to 1.35%   514,302   9.65 to 9.64   5,092,814   1.56%   0.75% to 0.14%  
2017   0.75% to 1.35%   503,857   9.57 to 9.63   4,939,541   0.45%   -0.31% to -0.91%  
2016   0.75% to 1.35%   561,907   9.60 to 9.72   5,537,570   0.01%   -0.74% to -1.33%  
2015   0.75% to 1.35%   917,962   9.67 to 9.85   9,048,033   0.01%   -0.74% to -1.34%  
Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 (CLVHY2)  
2019   0.40% to 2.40%   1,015,022   11.40 to 10.79   11,255,887   5.41%   16.06% to 13.73%  
2018   0.40% to 1.95%   299,403   9.82 to 9.57   2,889,165   5.81%   -4.38% to -5.88%  
2017   0.40% to 1.95%   172,298   10.27 to 10.16   1,756,327   0.74%   2.69% to 1.63% ****
Delaware Variable Insurance Product Trust - Delaware VIP Value Series: Service Class (DWVVLS)  
2019   0.40% to 0.60%   138,474   19.39 to 19.13   2,679,199   1.42%   19.12% to 18.88%  
2018   0.40% to 0.60%   145,302   16.28 to 16.10   2,361,387   1.25%   -3.39% to -3.58%  
2017   0.40% to 0.60%   92,725   16.85 to 16.69   1,560,377   1.14%   13.08% to 12.86%  
2016   0.40% to 0.60%   57,268   14.90 to 14.79   851,827   1.67%   13.86% to 13.64%  
2015   0.40% to 0.60%   48,681   13.09 to 13.02   636,020   1.68%   -1.04% to -1.24%  
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)  
2019   0.40% to 2.85%   3,517,430   18.45 to 15.63   60,032,877   0.81%   27.21% to 24.08%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
2018   0.40% to 2.85%   3,576,288   14.50 to 12.59   48,434,785   0.61%   -17.28% to -19.33%  
2017   0.40% to 2.85%   3,677,512   17.53 to 15.61   60,821,422   0.64%   11.31% to 8.58%  
2016   0.40% to 2.85%   3,789,125   15.75 to 14.38   56,943,567   0.62%   30.56% to 27.36%  
2015   0.40% to 2.85%   2,546,750   12.06 to 11.29   29,685,190   0.48%   -6.84% to -9.13%  
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)  
2019   0.40% to 2.75%   6,274,991   11.88 to 10.19   68,892,705   4.32%   6.65% to 4.13%  
2018   0.40% to 2.80%   7,168,898   11.14 to 9.76   74,685,303   3.81%   -0.49% to -2.90%  
2017   0.40% to 2.80%   5,278,077   11.19 to 10.05   55,869,738   3.27%   3.03% to 0.55%  
2016   0.40% to 2.80%   4,327,808   10.86 to 10.00   44,989,788   3.44%   8.51% to 5.90%  
2015   0.40% to 2.80%   2,619,558   10.01 to 9.44   25,354,740   3.34%   -1.39% to -3.76%  
Federated Insurance Series - Federated Managed Volatility Fund II: Service Shares (FVU2S)  
2019   0.95% to 2.25%   54,311   10.77 to 10.58   580,982   1.95%   18.78% to 17.22%  
2018   0.95% to 2.25%   54,758   9.07 to 9.02   495,556   0.00%   -9.34% to -9.78% ****
Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares (FQB)  
2019   0.80% to 1.40%   278,446   18.85 to 16.94   4,775,752   3.00%   8.57% to 7.91%  
2018   0.80% to 1.40%   311,338   17.36 to 15.69   4,947,178   3.14%   -1.39% to -1.99%  
2017   0.80% to 1.40%   372,687   17.61 to 16.01   6,037,666   3.29%   3.21% to 2.58%  
2016   0.80% to 1.40%   400,313   17.06 to 15.61   6,315,618   3.66%   3.00% to 2.37%  
2015   0.80% to 1.40%   471,546   16.57 to 15.25   7,258,448   3.94%   -1.04% to -1.64%  
Federated Insurance Series - Federated Quality Bond Fund II: Service Shares (FQBS)  
2019   0.95% to 2.30%   1,054,260   16.29 to 12.96   15,764,545   2.71%   8.13% to 6.66%  
2018   0.95% to 2.30%   1,167,224   15.06 to 12.15   16,238,610   2.89%   -1.73% to -3.08%  
2017   0.95% to 2.30%   1,339,808   15.33 to 12.54   19,075,645   2.91%   2.77% to 1.37%  
2016   0.95% to 2.30%   1,344,546   14.92 to 12.37   18,716,854   3.45%   2.55% to 1.16%  
2015   0.95% to 2.40%   1,625,167   14.55 to 12.07   22,156,400   3.68%   -1.39% to -2.83%  
Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)  
2019   0.40% to 2.50%   759,030   10.67 to 10.30   7,957,750   1.49%   28.68% to 25.96%  
2018   0.40% to 2.40%   328,114   8.30 to 8.18   2,703,388   1.00%   -17.05% to -18.17% ****
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)  
2019   0.40% to 2.40%   271,824   23.85 to 38.13   11,083,422   0.28%   30.75% to 28.12%  
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)  
2019   0.80% to 1.40%   3,079,159   52.43 to 60.55   274,799,594   1.98%   26.42% to 25.66%  
2018   0.80% to 1.40%   3,475,394   41.47 to 48.19   245,554,682   2.20%   -9.03% to -9.58%  
2017   0.80% to 1.40%   3,943,755   45.59 to 53.30   307,066,645   1.66%   11.99% to 11.32%  
2016   0.80% to 1.40%   4,425,270   40.71 to 47.88   310,251,218   2.26%   17.08% to 16.37%  
2015   0.80% to 1.40%   4,910,640   34.77 to 41.14   295,801,186   3.08%   -4.73% to -5.31%  
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)  
2019   1.10% to 2.30%   126,904   43.11 to 35.08   5,186,100   1.42%   32.62% to 31.02%  
2018   1.10% to 2.30%   151,463   32.50 to 26.78   4,688,603   0.71%   -18.41% to -19.41%  
2017   1.10% to 2.30%   167,647   39.84 to 33.22   6,375,684   1.22%   17.78% to 16.35%  
2016   1.10% to 2.30%   185,111   33.82 to 28.55   5,994,904   0.86%   8.07% to 6.77%  
2015   1.10% to 2.30%   214,890   31.30 to 26.74   6,448,388   0.83%   -4.26% to -5.42%  
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)  
2019   0.80% to 1.40%   912,609   27.74 to 27.65   37,080,785   5.04%   14.18% to 13.49%  
2018   0.80% to 1.40%   1,021,563   24.30 to 24.36   36,277,118   5.39%   -4.06% to -4.65%  
2017   0.80% to 1.40%   1,174,888   25.33 to 25.55   43,810,042   5.12%   6.08% to 5.44%  
2016   0.80% to 1.40%   1,334,870   23.88 to 24.23   47,252,928   5.23%   13.69% to 13.01%  
2015   0.80% to 1.40%   1,461,345   21.00 to 21.44   45,774,754   6.64%   -4.40% to -4.98%  
Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)  
2019   0.80% to 1.40%   1,652,739   38.55 to 34.92   87,683,449   1.72%   17.30% to 16.59%  
2018   0.80% to 1.40%   1,862,553   32.86 to 29.95   84,524,118   1.62%   -6.11% to -6.68%  
2017   0.80% to 1.40%   2,119,632   35.00 to 32.09   102,572,613   1.83%   13.19% to 12.51%  
2016   0.80% to 1.40%   2,380,437   30.92 to 28.53   102,224,912   1.42%   2.25% to 1.63%  
2015   0.80% to 1.40%   2,678,898   30.24 to 28.07   113,107,245   1.52%   -0.66% to -1.26%  
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)  
2019   0.40% to 2.55%   46,535,382   14.28 to 13.19   641,316,929   1.68%   23.62% to 20.95%  
2018   0.40% to 2.55%   35,320,687   11.56 to 10.90   397,518,598   1.43%   -4.83% to -6.89%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
2017   0.40% to 2.55%   25,845,784   12.14 to 11.71   308,637,826   1.58%   15.65% to 13.16%  
2016   0.40% to 2.55%   9,413,350   10.50 to 10.35   98,141,707   2.37%   4.98% to 3.48% ****
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)  
2019   0.40% to 2.75%   4,651,695   13.56 to 11.17   61,177,730   1.78%   9.38% to 6.80%  
2018   0.40% to 2.85%   5,084,672   12.39 to 10.31   61,635,703   0.68%   -25.07% to -26.93%  
2017   0.40% to 2.85%   5,387,615   16.54 to 14.11   88,249,043   1.38%   -3.16% to -5.54%  
2016   0.40% to 2.85%   6,156,581   17.08 to 14.94   105,222,917   0.53%   32.97% to 29.71%  
2015   0.40% to 2.85%   5,226,773   12.84 to 11.52   68,031,516   0.98%   -21.07% to -23.01%  
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)  
2019   0.40% to 2.85%   9,856,666   20.47 to 23.04   301,831,977   1.80%   26.60% to 23.49%  
2018   0.40% to 2.85%   10,753,975   16.17 to 18.66   262,934,686   2.04%   -8.90% to -11.16%  
2017   0.40% to 2.85%   11,450,750   17.75 to 21.00   310,924,395   1.48%   12.20% to 9.45%  
2016   0.40% to 2.85%   12,175,654   15.82 to 19.19   298,244,400   2.19%   17.24% to 14.36%  
2015   0.40% to 2.75%   12,561,654   13.49 to 17.00   265,722,172   3.10%   -4.62% to -6.87%  
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)  
2019   0.80% to 1.40%   286,639   18.82 to 17.32   5,019,968   2.00%   15.07% to 14.38%  
2018   0.80% to 1.40%   290,998   16.35 to 15.14   4,451,599   1.50%   -4.88% to -5.45%  
2017   0.80% to 1.40%   300,966   17.19 to 16.02   4,866,546   1.43%   12.09% to 11.41%  
2016   0.80% to 1.40%   332,315   15.34 to 14.38   4,819,054   1.32%   4.44% to 3.81%  
2015   0.80% to 1.40%   392,304   14.69 to 13.85   5,477,136   1.75%   -1.11% to -1.71%  
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 (FF10S2)  
2019   1.10% to 2.85%   14,119,750   19.52 to 15.03   261,631,240   1.93%   14.48% to 12.45%  
2018   1.10% to 2.85%   14,151,513   17.05 to 13.36   229,497,836   1.40%   -5.32% to -7.01%  
2017   1.10% to 2.85%   14,831,606   18.01 to 14.37   254,752,150   1.31%   11.56% to 9.59%  
2016   1.10% to 2.85%   15,269,426   16.15 to 13.11   235,592,461   1.32%   4.08% to 2.24%  
2015   1.10% to 2.85%   14,703,373   15.51 to 12.82   218,655,371   1.66%   -1.62% to -3.37%  
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)  
2019   0.80% to 1.40%   466,941   19.63 to 18.06   8,546,905   1.84%   19.05% to 18.33%  
2018   0.80% to 1.40%   567,701   16.49 to 15.27   8,772,921   1.42%   -6.73% to -7.30%  
2017   0.80% to 1.40%   568,630   17.68 to 16.47   9,470,434   1.37%   15.54% to 14.84%  
2016   0.80% to 1.40%   661,082   15.30 to 14.34   9,578,552   1.41%   5.20% to 4.56%  
2015   0.80% to 1.40%   720,167   14.54 to 13.71   9,968,924   1.63%   -1.16% to -1.76%  
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 (FF20S2)  
2019   1.10% to 2.70%   20,113,617   21.33 to 16.79   407,782,827   1.75%   18.56% to 16.64%  
2018   1.10% to 2.70%   22,418,899   17.99 to 14.40   384,262,576   1.23%   -7.12% to -8.63%  
2017   1.10% to 2.70%   25,198,593   19.37 to 15.76   466,403,044   1.25%   14.99% to 13.13%  
2016   1.10% to 2.70%   27,398,493   16.84 to 13.93   442,273,630   1.26%   4.64% to 2.95%  
2015   1.10% to 2.70%   29,292,814   16.10 to 13.53   453,277,086   1.57%   -1.55% to -3.15%  
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)  
2019   0.80% to 1.40%   694,267   21.06 to 19.39   13,652,092   1.95%   23.38% to 22.63%  
2018   0.80% to 1.40%   707,650   17.07 to 15.81   11,335,210   1.23%   -8.63% to -9.18%  
2017   0.80% to 1.40%   760,388   18.68 to 17.41   13,393,745   1.38%   19.85% to 19.13%  
2016   0.80% to 1.40%   696,503   15.59 to 14.61   10,286,080   1.39%   5.67% to 5.03%  
2015   0.80% to 1.40%   705,477   14.75 to 13.91   9,908,634   1.60%   -1.13% to -1.73%  
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 (FF30S2)  
2019   1.10% to 2.60%   3,255,605   23.53 to 18.80   71,170,340   1.76%   22.75% to 20.89%  
2018   1.10% to 2.60%   3,356,498   19.17 to 15.56   59,866,335   1.10%   -9.07% to -10.46%  
2017   1.10% to 2.60%   3,607,721   21.08 to 17.37   71,079,052   1.18%   19.37% to 17.57%  
2016   1.10% to 2.60%   3,573,631   17.66 to 14.78   59,111,399   1.21%   5.21% to 3.62%  
2015   1.10% to 2.60%   3,821,754   16.79 to 14.26   60,383,526   1.49%   -1.62% to -3.12%  
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)  
2019   0.40% to 2.75%   35,508,567   15.37 to 14.08   526,717,527   3.34%   29.16% to 26.12%  
2018   0.40% to 2.55%   26,122,667   11.90 to 11.23   302,916,510   0.17%   -9.56% to -11.52%  
2017   0.40% to 2.75%   20,434,676   13.16 to 12.65   264,509,037   1.42%   16.15% to 13.41%  
2016   0.40% to 2.55%   7,451,209   11.33 to 11.17   83,839,229   3.02%   13.30% to 11.68% ****
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)  
2019   0.80% to 1.40%   2,727,202   62.65 to 75.59   413,039,306   0.26%   33.24% to 32.43%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
2018   0.80% to 1.40%   3,027,532   47.02 to 57.08   346,280,311   0.24%   -0.97% to -1.57%  
2017   0.80% to 1.40%   3,340,796   47.49 to 57.99   387,075,042   0.22%   34.06% to 33.25%  
2016   0.80% to 1.40%   3,707,233   35.42 to 43.52   322,445,498   0.04%   0.00% to -0.61%  
2015   0.80% to 1.40%   4,110,706   35.42 to 43.79   360,043,045   0.25%   6.32% to 5.67%  
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)  
2019   0.40% to 2.85%   10,118,386   27.64 to 31.79   426,825,480   0.06%   33.44% to 30.16%  
2018   0.40% to 2.85%   10,652,368   20.71 to 24.43   340,382,189   0.04%   -0.83% to -3.29%  
2017   0.40% to 2.85%   11,129,767   20.89 to 25.26   363,610,124   0.08%   34.28% to 30.99%  
2016   0.40% to 2.85%   10,698,404   15.56 to 19.28   263,952,403   0.00%   0.15% to -2.31%  
2015   0.40% to 2.85%   11,626,758   15.53 to 19.74   289,710,026   0.04%   6.48% to 3.86%  
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)  
2019   0.80% to 1.40%   884,903   17.26 to 15.60   13,995,244   2.73%   8.70% to 8.05%  
2018   0.80% to 1.40%   827,555   15.88 to 14.44   12,108,294   2.35%   -1.43% to -2.03%  
2017   0.80% to 1.40%   923,643   16.11 to 14.74   13,777,172   2.29%   3.33% to 2.70%  
2016   0.80% to 1.40%   976,988   15.59 to 14.35   14,182,006   2.16%   3.79% to 3.17%  
2015   0.80% to 1.40%   1,099,872   15.02 to 13.91   15,458,390   2.46%   -1.50% to -2.10%  
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)  
2019   0.40% to 2.90%   51,919,394   15.48 to 11.78   814,933,908   2.68%   8.97% to 6.23%  
2018   0.40% to 2.90%   45,562,385   14.21 to 11.09   660,950,999   2.42%   -1.19% to -3.68%  
2017   0.40% to 2.90%   39,490,721   14.38 to 11.52   583,048,112   2.45%   3.58% to 0.98%  
2016   0.40% to 2.95%   27,826,362   13.88 to 11.32   396,568,544   2.42%   4.06% to 1.40%  
2015   0.40% to 2.95%   23,352,303   13.34 to 11.17   321,188,665   2.31%   -1.25% to -3.77%  
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)  
2019   0.80% to 1.40%   763,210   23.30 to 21.45   16,586,396   0.78%   22.36% to 21.62%  
2018   0.80% to 1.40%   857,905   19.04 to 17.63   15,313,495   0.55%   -15.33% to -15.84%  
2017   0.80% to 1.40%   925,175   22.49 to 20.95   19,602,619   0.61%   19.74% to 19.02%  
2016   0.80% to 1.40%   1,019,717   18.78 to 17.61   18,135,498   0.40%   11.22% to 10.55%  
2015   0.80% to 1.40%   1,253,696   16.89 to 15.93   20,145,896   0.38%   -2.29% to -2.88%  
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)  
2019   0.40% to 2.85%   5,073,669   21.84 to 36.86   235,309,401   0.67%   22.68% to 19.66%  
2018   0.40% to 2.85%   5,517,742   17.80 to 30.80   210,606,589   0.39%   -15.11% to -17.22%  
2017   0.40% to 2.85%   6,276,254   20.97 to 37.21   285,514,647   0.48%   20.06% to 17.11%  
2016   0.40% to 2.85%   6,995,968   17.47 to 31.77   268,401,986   0.31%   11.48% to 8.74%  
2015   0.40% to 2.85%   7,545,203   15.67 to 29.22   262,402,784   0.25%   -2.02% to -4.43%  
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)  
2019   0.80% to 1.40%   1,360,073   32.27 to 30.32   52,207,197   1.70%   26.74% to 25.98%  
2018   0.80% to 1.40%   1,502,540   25.46 to 24.07   45,713,821   1.51%   -15.49% to -16.01%  
2017   0.80% to 1.40%   1,652,970   30.13 to 28.65   59,795,515   1.40%   29.25% to 28.47%  
2016   0.80% to 1.40%   1,852,149   23.31 to 22.30   52,046,563   1.37%   -5.82% to -6.39%  
2015   0.80% to 1.40%   2,102,387   24.75 to 23.83   63,136,573   1.46%   2.80% to 2.17%  
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)  
2019   0.40% to 2.85%   3,623,703   12.36 to 21.90   97,597,749   1.49%   26.99% to 23.87%  
2018   0.40% to 2.85%   3,960,462   9.73 to 17.68   85,113,347   1.37%   -15.40% to -17.49%  
2017   0.40% to 2.85%   3,943,518   11.51 to 21.43   101,398,519   1.22%   29.47% to 26.30%  
2016   0.40% to 2.85%   3,994,427   8.89 to 16.97   80,353,147   1.26%   -5.65% to -7.96%  
2015   0.40% to 2.85%   4,070,933   9.42 to 18.44   87,655,046   1.68%   -5.82% to 0.35% ****
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)  
2019   0.80% to 1.40%   130,997   32.46 to 29.16   3,882,954   1.55%   33.22% to 32.41%  
2018   0.80% to 1.40%   152,249   24.37 to 22.02   3,400,823   0.86%   -18.00% to -18.50%  
2017   0.80% to 1.40%   169,584   29.71 to 27.02   4,643,897   1.37%   18.26% to 17.55%  
2016   0.80% to 1.40%   194,874   25.12 to 22.99   4,535,225   1.00%   8.61% to 7.95%  
2015   0.80% to 1.40%   221,601   23.13 to 21.29   4,774,145   0.98%   -3.83% to -4.41%  
Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)  
2019   0.40% to 2.40%   666,837   14.81 to 12.94   9,190,357   1.61%   22.46% to 20.00%  
2018   0.40% to 2.50%   412,769   12.10 to 10.72   4,725,026   3.46%   -6.83% to -8.81%  
2017   0.40% to 2.50%   175,387   12.98 to 11.75   2,194,349   2.28%   3.36% to 1.18%  
2016   0.40% to 0.60%   67,558   12.56 to 12.47   844,472   1.48%   5.04% to 4.83%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

    Contract
Expense
Rate*		   Units   Unit
Fair
Value		   Contract
Owners’
Equity		  

Investment
Income
Ratio**

   Total
Return***		  
                           
2015   0.40% to 0.60%   60,710   11.96 to 11.89   723,669   1.66%   3.07% to 2.87%  
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)  
2019   0.40% to 2.85%   13,162,556   24.86 to 14.95   234,316,579   5.37%   15.59% to 12.75%  
2018   0.40% to 2.85%   14,462,828   21.51 to 13.26   225,356,300   4.80%   -4.69% to -7.05%  
2017   0.40% to 2.85%   16,047,838   22.57 to 14.27   264,473,144   4.16%   9.24% to 6.56%  
2016   0.40% to 2.85%   17,118,771   20.66 to 13.39   261,593,923   4.83%   13.57% to 10.78%  
2015   0.40% to 2.85%   17,158,069   18.19 to 12.08   234,757,036   4.70%   -7.43% to -9.70%  
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)  
2019   0.95% to 2.50%   884,745   35.18 to 32.55   34,343,613   1.25%   28.00% to 26.00%  
2018   0.95% to 2.50%   1,023,109   27.49 to 25.83   31,155,968   1.28%   -5.98% to -7.46%  
2017   0.95% to 2.50%   1,134,416   29.24 to 27.91   36,931,800   1.52%   19.42% to 17.55%  
2016   0.95% to 2.65%   1,368,599   24.48 to 23.24   37,504,818   1.38%   14.94% to 12.98%  
2015   0.95% to 2.65%   1,656,734   21.30 to 20.57   39,660,982   1.44%   -4.56% to -6.20%  
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 (FTVSV2)  
2019   0.40% to 2.90%   1,819,674   25.84 to 31.92   78,816,890   1.06%   25.84% to 22.68%  
2018   0.40% to 2.90%   2,065,774   20.53 to 26.02   71,681,277   0.90%   -13.23% to -15.42%  
2017   0.40% to 2.90%   2,409,787   23.66 to 30.76   97,555,065   0.51%   10.21% to 7.45%  
2016   0.40% to 2.95%   2,890,770   21.47 to 28.43   107,210,709   0.81%   29.67% to 26.36%  
2015   0.40% to 2.95%   3,333,199   16.56 to 22.50   96,723,877   0.63%   -7.76% to -10.12%  
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)  
2019   0.40% to 0.60%   92,937   15.38 to 15.17   1,423,693   1.65%   23.87% to 23.62%  
2018   0.40% to 0.60%   90,901   12.41 to 12.27   1,125,008   2.45%   -11.57% to -11.75%  
2017   0.40% to 0.60%   79,914   14.04 to 13.91   1,119,413   1.78%   8.16% to 7.95%  
2016   0.40% to 0.60%   60,134   12.98 to 12.88   778,908   1.83%   11.73% to 11.50%  
2015   0.40% to 0.60%   55,378   11.62 to 11.55   642,479   3.12%   -4.04% to -4.23%  
Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)  
2019   0.80% to 2.50%   795,837   12.74 to 11.55   9,772,585   1.01%   25.68% to 23.53%  
2018   0.80% to 2.50%   889,456   10.14 to 9.35   8,750,560   0.87%   -16.47% to -17.91%  
2017   0.80% to 2.50%   1,248,611   12.14 to 11.39   14,799,798   1.00%   39.29% to 36.91%  
2016   0.80% to 2.65%   1,166,947   8.71 to 8.29   9,987,139   0.80%   16.50% to 14.34%  
2015   0.75% to 2.65%   1,309,203   7.49 to 7.25   9,684,196   2.08%   -20.21% to -21.74%  
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)  
2019   0.75% to 2.45%   1,265,143   9.31 to 19.12   28,311,161   1.72%   11.68% to 9.77%  
2018   0.75% to 2.50%   1,368,003   8.34 to 17.28   27,641,882   2.64%   -16.08% to -17.57%  
2017   0.75% to 2.50%   1,553,378   9.94 to 20.96   37,494,243   2.58%   15.82% to 13.78%  
2016   0.75% to 2.65%   1,857,240   8.58 to 18.03   39,197,424   1.98%   6.37% to 4.34%  
2015   0.75% to 2.75%   2,173,064   8.07 to 16.30   43,409,518   3.27%   -7.19% to -9.07%  
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)  
2019   0.40% to 2.85%   10,542,396   10.19 to 8.94   99,271,236   7.08%   1.60% to -0.89%  
2018   0.40% to 2.85%   11,681,077   10.02 to 9.02   109,564,710   0.00%   1.53% to -0.98%  
2017   0.40% to 2.85%   12,642,442   9.87 to 9.11   118,197,846   0.00%   1.52% to -0.97%  
2016   0.40% to 2.85%   12,642,337   9.73 to 9.20   117,775,054   0.00%   2.53% to 0.01%  
2015   0.40% to 2.85%   13,724,392   9.49 to 9.20   126,165,269   7.94%   -4.69% to -7.03%  
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)  
2019   0.40% to 2.65%   5,922,543   25.42 to 13.00   86,840,145   3.55%   19.38% to 16.68%  
2018   0.40% to 2.65%   6,404,078   21.29 to 11.14   79,600,326   3.09%   -10.01% to -12.06%  
2017   0.40% to 2.65%   7,228,922   23.66 to 12.67   101,076,365   2.71%   11.53% to 9.02%  
2016   0.40% to 2.80%   7,292,261   21.22 to 11.47   92,654,856   3.91%   12.73% to 10.02%  
2015   0.40% to 2.80%   7,830,285   18.82 to 10.42   89,375,175   3.00%   -6.59% to -8.84%  
Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)  
2019   0.40% to 0.60%   133,696   11.40 to 11.25   1,518,227   5.33%   7.62% to 7.41%  
2018   0.40% to 0.60%   112,176   10.59 to 10.47   1,183,956   3.27%   -2.53% to -2.73%  
2017   0.40% to 0.60%   53,163   10.87 to 10.77   574,493   2.48%   4.14% to 3.93%  
2016   0.40% to 0.60%   48,249   10.44 to 10.36   502,582   3.51%   7.51% to 7.29%  
2015   0.40% to 0.60%   44,614   9.71 to 9.65   432,302   7.68%   -4.25% to -4.45%  
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)  
2019   1.30% to 2.10%   161,311   10.10 to 9.97   1,625,373   4.29%   7.41% to 6.54%  

 

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2018   1.30% to 1.95%   45,915   9.41 to 9.36   431,187   4.10%   -5.94% to -6.36% ****
Goldman Sachs Variable Insurance Trust - Goldman Sachs Small Cap Equity Insights Fund: Service Shares  (GVSSCS)  
2019   0.40% to 0.60%   27,823   19.61 to 19.35   543,956   0.16%   24.03% to 23.79%  
2018   0.40% to 0.60%   45,953   15.81 to 15.63   725,767   0.27%   -9.19% to -9.37%  
2017   0.40%   34,198   17.41   595,327   0.44%   10.78%  
2016   0.40%   12,674   15.71   199,166   1.27%   22.50%  
2015   0.40% to 0.60%   9,328   12.83 to 12.76   119,599   0.04%   -2.88% to -3.08%  
Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)  
2019   0.40% to 2.50%   818,810   12.64 to 11.93   10,469,053   1.44%   11.49% to 9.14%  
2018   0.40% to 2.50%   1,013,151   11.34 to 10.93   11,728,509   0.78%   -4.72% to -6.74%  
2017   1.15% to 2.85%   837,816   12.67 to 11.49   10,318,290   0.32%   11.81% to 9.90%  
2016   0.40% to 2.85%   788,900   10.56 to 10.45   8,723,469   0.29%   3.92% to 1.37%  
2015   0.40% to 2.85%   742,713   10.17 to 10.31   8,004,019   0.09%   -6.19% to -8.50%  
Guggenheim Variable Fund - Long Short Equity Fund (RSRF)  
2019   0.40%   637   9.74   6,202   0.58%   5.12%  
2018   0.40%   565   9.26   5,233   0.00%   -7.38% ****
Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)  
2019   0.40% to 2.55%   1,412,374   10.67 to 9.22   13,862,116   2.36%   4.59% to 2.34%  
2018   0.40% to 2.55%   1,539,831   10.20 to 9.01   14,622,477   0.00%   -5.46% to -7.51%  
2017   0.40% to 2.55%   1,600,038   10.79 to 9.75   16,281,325   0.00%   3.26% to 1.04%  
2016   0.40% to 2.55%   1,602,954   10.45 to 9.65   15,991,496   0.10%   -0.88% to -3.01%  
2015   0.40% to 2.55%   1,522,175   10.54 to 9.95   15,522,554   0.68%   1.44% to -0.75%  
Invesco - Invesco V.I. American Franchise Fund: Series II Shares (ACEG2)  
2019   0.80% to 2.35%   202,090   24.63 to 21.82   4,736,807   0.00%   35.33% to 33.22%  
2018   0.80% to 2.35%   231,155   18.20 to 16.38   4,024,939   0.00%   -4.66% to -6.16%  
2017   0.80% to 2.35%   301,486   19.09 to 17.46   5,542,100   0.00%   26.01% to 24.05%  
2016   0.80% to 2.40%   265,809   15.15 to 14.04   3,900,925   0.00%   1.20% to -0.42%  
2015   0.80% to 2.50%   372,457   14.97 to 14.04   5,437,608   0.00%   3.91% to 2.13%  
Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares (IVMCC2)  
2019   0.40% to 2.75%   923,919   17.90 to 14.90   14,967,027   0.22%   24.54% to 21.60%  
2018   0.40% to 2.75%   968,161   14.37 to 12.26   12,767,822   0.11%   -11.95% to -14.05%  
2017   0.40% to 2.75%   1,015,428   16.32 to 14.26   15,406,753   0.31%   14.20% to 11.51%  
2016   0.40% to 2.75%   1,095,185   14.29 to 12.79   14,741,264   0.00%   12.71% to 10.06%  
2015   0.40% to 2.75%   1,203,449   12.68 to 11.62   14,556,079   0.11%   -4.66% to -6.91%  
Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares (IVKMG2)  
2019   0.75% to 2.50%   740,367   21.36 to 18.63   14,954,259   0.00%   33.00% to 30.65%  
2018   0.75% to 2.50%   856,633   16.06 to 14.26   13,087,812   0.00%   -6.58% to -8.24%  
2017   0.75% to 2.55%   1,025,694   17.19 to 15.50   16,890,211   0.00%   21.23% to 19.04%  
2016   0.75% to 2.55%   1,167,613   14.18 to 13.02   15,980,455   0.00%   -0.18% to -1.99%  
2015   0.75% to 2.75%   1,392,724   14.21 to 13.18   19,254,944   0.00%   0.28% to -1.74%  
Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)  
2019   0.40% to 0.60%   15,517   13.03 to 12.86   201,364   0.00%   14.75% to 14.51%  
2018   0.40% to 0.60%   17,442   11.35 to 11.23   197,412   1.81%   -6.84% to -7.02%  
2017   0.40% to 0.60%   13,983   12.19 to 12.07   169,873   3.76%   9.72% to 9.50%  
2016   0.40% to 0.60%   18,926   11.11 to 11.03   209,603   0.44%   11.19% to 10.97%  
2015   0.40% to 0.60%   19,487   9.99 to 9.94   194,273   4.15%   -4.48% to -4.68%  
Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)  
2019   1.10% to 2.85%   5,652,376   11.17 to 10.10   61,577,746   0.71%   26.54% to 24.31%  
2018   1.10% to 2.85%   5,495,598   8.83 to 8.12   47,474,543   0.59%   -20.44% to -21.86%  
2017   1.10% to 2.85%   5,217,271   11.10 to 10.40   56,888,078   1.10%   25.06% to 22.85%  
2016   1.10% to 2.55%   3,977,900   8.88 to 8.53   34,817,879   0.82%   -3.78% to -5.19%  
2015   1.10% to 2.50%   2,958,757   9.22 to 9.01   27,034,360   0.90%   1.97% to 0.53%  
Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)  
2019   0.80% to 1.40%   618,103   30.66 to 30.26   23,174,078   2.25%   16.57% to 15.87%  
2018   0.80% to 1.40%   706,855   26.30 to 26.11   22,852,383   1.97%   -6.08% to -6.65%  
2017   0.80% to 1.40%   809,186   28.00 to 27.98   27,949,237   1.96%   8.38% to 7.73%  
2016   0.80% to 1.40%   916,811   25.83 to 25.97   29,449,566   2.37%   4.42% to 3.79%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2015   0.80% to 1.40%   1,007,502   24.74 to 25.02   31,121,933   2.25%   0.02% to -0.58%  
Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)  
2019   0.80% to 1.40%   696,890   18.22 to 17.19   15,381,560   3.37%   8.65% to 7.99%  
2018   0.80% to 1.40%   792,366   16.77 to 15.92   16,259,089   3.36%   -1.82% to -2.42%  
2017   0.80% to 1.40%   895,835   17.08 to 16.32   18,858,499   2.41%   3.75% to 3.13%  
2016   0.80% to 1.40%   1,005,802   16.46 to 15.82   20,477,954   3.69%   2.45% to 1.83%  
2015   0.80% to 1.40%   1,172,022   16.07 to 15.54   23,357,188   4.09%   0.15% to -0.45%  
Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)  
2019   0.40% to 1.40%   1,606,006   18.72 to 78.08   133,050,649   0.91%   31.26% to 29.94%  
2018   0.40% to 1.40%   1,827,157   14.26 to 60.08   116,015,704   1.00%   -13.53% to -14.40%  
2017   0.40% to 1.40%   2,024,915   16.49 to 70.19   151,214,950   0.93%   36.12% to 34.76%  
2016   0.40% to 1.40%   2,245,312   12.11 to 52.09   124,765,649   1.06%   -0.32% to -1.32%  
2015   0.40% to 1.40%   2,550,963   12.15 to 52.78   144,093,681   1.31%   3.53% to 2.49%  
Invesco Oppenheimer V.I. Global Fund: Series II (OVGSS)  
2019   0.65% to 2.80%   2,963,169   15.78 to 33.28   126,384,297   0.67%   30.60% to 27.77%  
2018   0.65% to 2.80%   3,193,358   12.08 to 26.04   105,446,548   0.76%   -13.96% to -15.83%  
2017   0.75% to 2.80%   3,336,860   13.99 to 30.94   128,948,416   0.72%   35.30% to 32.52%  
2016   0.75% to 2.80%   3,380,606   10.34 to 23.35   98,153,725   0.77%   -0.90% to -2.95%  
2015   0.75% to 2.80%   3,696,242   10.44 to 24.06   109,407,218   1.07%   2.89% to 0.77%  
Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)  
2019   0.40% to 0.60%   124,703   13.86 to 13.68   1,722,366   1.04%   28.09% to 27.83%  
2018   0.40% to 0.60%   121,300   10.82 to 10.70   1,308,781   0.89%   -19.74% to -19.90%  
2017   0.40% to 0.60%   88,438   13.48 to 13.36   1,189,825   1.24%   25.79% to 25.54%  
2016   0.40% to 0.60%   54,895   10.72 to 10.64   587,155   1.13%   -2.51% to -2.70%  
2015   0.40% to 0.60%   54,413   10.99 to 10.94   597,685   1.32%   3.02% to 2.81%  
Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)  
2019   0.40% to 1.40%   512,894   21.43 to 22.65   11,737,375   1.08%   31.55% to 30.23%  
2018   0.40% to 1.40%   569,239   16.29 to 17.39   9,993,953   1.16%   -8.26% to -9.18%  
2017   0.40% to 1.40%   637,656   17.76 to 19.15   12,330,062   1.25%   16.44% to 15.28%  
2016   0.40% to 1.40%   735,994   15.25 to 16.61   12,348,327   1.11%   11.17% to 10.06%  
2015   0.40% to 1.40%   774,547   13.72 to 15.10   11,780,983   0.92%   2.91% to 1.88%  
Invesco Oppenheimer V.I. Main Street Fund: Series II (OVGIS)  
2019   0.40% to 2.90%   5,494,477   24.77 to 25.65   188,895,345   0.82%   31.21% to 27.92%  
2018   0.40% to 2.90%   6,094,730   18.88 to 20.06   161,754,645   0.92%   -8.47% to -10.78%  
2017   0.40% to 2.90%   6,939,343   20.62 to 22.48   203,551,127   1.03%   16.17% to 13.26%  
2016   0.40% to 2.95%   7,923,779   17.75 to 19.71   202,543,598   0.84%   10.85% to 8.02%  
2015   0.40% to 2.95%   8,384,656   16.01 to 18.24   196,070,657   0.65%   2.69% to 0.07%  
Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)  
2019   0.80% to 1.40%   221,936   24.64 to 22.68   5,091,127   0.21%   25.46% to 24.70%  
2018   0.80% to 1.40%   294,895   19.64 to 18.18   5,417,265   0.31%   -11.04% to -11.59%  
2017   0.80% to 1.40%   337,046   22.08 to 20.57   6,996,670   0.87%   13.25% to 12.56%  
2016   0.80% to 1.40%   397,141   19.49 to 18.27   7,320,331   0.50%   17.11% to 16.41%  
2015   0.80% to 1.40%   425,587   16.65 to 15.70   6,736,763   0.91%   -6.65% to -7.22%  
Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series II (OVSCS)  
2019   0.40% to 2.85%   2,265,629   27.15 to 33.81   102,406,393   0.00%   25.63% to 22.54%  
2018   0.40% to 2.85%   2,344,905   21.61 to 27.59   85,343,599   0.06%   -10.90% to -13.10%  
2017   0.40% to 2.85%   2,482,580   24.26 to 31.75   102,511,016   0.65%   13.46% to 10.67%  
2016   0.40% to 2.85%   2,592,935   21.38 to 28.69   95,724,851   0.25%   17.20% to 14.33%  
2015   0.40% to 2.85%   2,845,336   18.24 to 25.09   90,672,952   0.64%   -6.47% to -8.77%  
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)  
2019   0.80% to 1.40%   815,351   16.44 to 14.59   12,110,104   0.00%   38.25% to 37.41%  
2018   0.80% to 1.40%   831,417   11.89 to 10.62   8,977,937   0.00%   -6.84% to -7.41%  
2017   0.80% to 1.40%   908,156   12.77 to 11.47   10,581,969   0.03%   27.76% to 26.99%  
2016   0.80% to 1.40%   975,796   9.99 to 9.03   8,946,467   0.00%   1.52% to 0.91%  
2015   0.80% to 1.40%   1,168,293   9.84 to 8.95   10,612,710   0.00%   5.75% to 5.11%  
Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)  
2019   0.80% to 1.40%   152,056   11.57 to 11.07   1,696,709   3.69%   9.92% to 9.25%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2018   0.80% to 1.40%   139,910   10.52 to 10.14   1,425,090   5.14%   -5.17% to -5.74%  
2017   0.80% to 1.40%   163,993   11.10 to 10.75   1,771,062   2.37%   5.42% to 4.79%  
2016   0.80% to 1.40%   178,847   10.53 to 10.26   1,841,821   4.91%   5.68% to 5.05%  
2015   0.80% to 1.40%   190,671   9.96 to 9.77   1,868,234   6.99%   -3.04% to -3.63%  
Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II (OVSBS)  
2019   0.75% to 2.25%   550,096   11.42 to 10.24   5,970,206   3.35%   9.78% to 8.12%  
2018   0.75% to 2.25%   639,787   10.40 to 9.47   6,361,027   4.57%   -5.26% to -6.70%  
2017   0.75% to 2.25%   756,811   10.98 to 10.15   8,003,732   1.97%   5.24% to 3.66%  
2016   0.75% to 2.30%   821,814   10.43 to 9.77   8,318,897   4.55%   5.47% to 3.83%  
2015   0.75% to 2.45%   964,234   9.89 to 9.36   9,324,026   5.31%   -3.22% to -4.88%  
Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative - Managed Volatility: Class II (WRPMCV)  
2019   0.40% to 0.60%   132,892   13.43 to 13.26   1,782,768   1.68%   14.43% to 14.20%  
2018   0.40% to 0.60%   138,108   11.74 to 11.61   1,619,392   0.84%   -3.29% to -3.48%  
2017   0.40% to 0.60%   170,612   12.14 to 12.03   2,069,210   0.45%   11.40% to 11.18%  
2016   0.40% to 0.60%   176,118   10.89 to 10.82   1,917,733   0.56%   0.80% to 0.60%  
2015   0.40% to 0.60%   219,006   10.81 to 10.76   2,365,851   0.00%   -0.92% to -1.12%  
Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive - Managed Volatility: Class II (WRPMAV)  
2019   0.40% to 0.60%   376,811   14.68 to 14.50   5,519,034   2.37%   18.82% to 18.58%  
2018   0.40% to 0.60%   614,350   12.36 to 12.23   7,577,401   1.31%   -5.13% to -5.33%  
2017   0.40% to 0.60%   789,280   13.03 to 12.91   10,268,091   0.47%   15.23% to 15.00%  
2016   0.40% to 0.60%   978,660   11.31 to 11.23   11,054,154   0.89%   1.95% to 1.75%  
2015   0.40% to 0.60%   898,769   11.09 to 11.04   9,959,012   0.00%   -1.10% to -1.30%  
Ivy Variable Insurance Portfolios - Pathfinder Moderate - Managed Volatility: Class II (WRPMMV)  
2019   0.40% to 0.60%   355,682   14.15 to 13.97   5,004,356   1.88%   16.86% to 16.62%  
2018   0.40% to 0.60%   427,741   12.11 to 11.98   5,159,747   0.96%   -4.39% to -4.58%  
2017   0.40% to 0.60%   434,074   12.67 to 12.55   5,480,390   0.46%   13.35% to 13.12%  
2016   0.40% to 0.60%   594,742   11.17 to 11.10   6,633,673   0.61%   1.41% to 1.20%  
2015   0.40% to 0.60%   581,842   11.02 to 10.97   6,406,819   0.00%   -0.82% to -1.02%  
Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)  
2019   0.40% to 2.85%   8,769,928   19.87 to 15.23   151,627,922   2.06%   21.29% to 18.31%  
2018   0.40% to 2.85%   9,932,830   16.38 to 12.87   143,522,530   1.78%   -5.82% to -8.15%  
2017   0.40% to 2.85%   11,348,594   17.39 to 14.02   176,379,301   1.54%   17.80% to 14.91%  
2016   0.40% to 2.85%   13,254,020   14.76 to 12.20   177,205,766   0.58%   -2.96% to -5.34%  
2015   0.40% to 2.85%   16,605,015   15.21 to 12.88   231,807,691   0.36%   -8.71% to -10.96%  
Ivy Variable Insurance Portfolios - Energy: Class II (WRENG)  
2019   0.40%   1,519   6.49   9,861   0.00%   3.06%  
2018   0.40%   372   6.30   2,343   0.00%   -37.01% ****
Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)  
2019   0.40% to 2.85%   5,342,452   13.04 to 12.41   72,891,772   6.66%   10.75% to 8.02%  
2018   0.40% to 2.85%   6,336,517   11.77 to 11.49   78,969,207   6.45%   -2.51% to -4.92%  
2017   0.40% to 2.85%   7,155,562   12.08 to 12.09   92,623,447   6.57%   6.25% to 3.65%  
2016   0.40% to 2.85%   7,643,664   11.37 to 11.66   94,084,258   7.32%   15.72% to 12.89%  
2015   0.40% to 2.85%   7,441,642   9.82 to 10.33   80,299,007   6.52%   -6.88% to -9.17%  
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)  
2019   0.40% to 2.85%   5,847,898   24.15 to 19.95   128,785,824   0.00%   37.39% to 34.01%  
2018   0.40% to 2.85%   5,510,204   17.57 to 14.89   89,351,754   0.00%   -0.46% to -2.92%  
2017   0.40% to 2.85%   4,933,082   17.66 to 15.33   81,261,860   0.00%   26.39% to 23.29%  
2016   0.40% to 2.85%   4,939,721   13.97 to 12.44   65,172,036   0.00%   5.69% to 3.10%  
2015   0.40% to 2.85%   5,000,233   13.22 to 12.06   63,141,063   0.00%   -6.16% to -8.47%  
Ivy Variable Insurance Portfolios - Pathfinder Aggressive: Class II (WRPAP)  
2019   0.40% to 0.60%   567   17.63   9,996   3.59%   22.50%  
2018   0.40% to 0.60%   1,382   14.56 to 14.39   20,024   2.05%   -4.65% to -4.84%  
2017   0.60%   584   15.12   8,833   0.50%   19.12%  
2016   0.40% to 0.60%   3,698   12.79 to 12.70   47,246   1.48%   4.39% to 4.18%  
2015   0.40% to 0.60%   3,648   12.25 to 12.19   44,650   2.76%   -0.06% to -0.26%  
Ivy Variable Insurance Portfolios - Pathfinder Conservative: Class II (WRPCP)  
2019   0.40%   64,536   17.20   1,109,891   2.15%   14.20%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

  

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2018   0.40% to 0.60%   85,500   15.06 to 14.79   1,286,585   1.00%   -2.32% to -2.52%  
2017   0.40% to 0.60%   117,558   15.42 to 15.17   1,811,530   0.90%   10.07% to 9.85%  
2016   0.40% to 0.60%   207,446   14.01 to 13.81   2,905,030   1.19%   2.43% to 2.23%  
2015   0.40% to 0.60%   248,999   13.67 to 13.51   3,404,241   1.15%   0.05% to -0.15%  
Ivy Variable Insurance Portfolios - Pathfinder Moderate: Class II (WRPMP)  
2019   0.40% to 0.60%   1,090,124   20.10 to 19.69   21,895,578   2.64%   18.58% to 18.34%  
2018   0.40% to 0.60%   1,360,385   16.95 to 16.64   23,045,587   1.41%   -4.29% to -4.48%  
2017   0.40% to 0.60%   1,572,218   17.71 to 17.42   27,829,778   0.77%   14.24% to 14.01%  
2016   0.40% to 0.60%   1,897,746   15.50 to 15.28   29,408,209   1.32%   3.23% to 3.02%  
2015   0.40% to 0.60%   2,066,616   15.02 to 14.83   31,022,321   1.68%   -0.08% to -0.28%  
Ivy Variable Insurance Portfolios - Pathfinder Moderately Aggressive: Class II (WRPMAP)  
2019   0.40% to 0.60%   1,964,771   21.70 to 21.27   42,643,759   2.75%   20.91% to 20.67%  
2018   0.40% to 0.60%   2,422,804   17.95 to 17.63   43,489,258   1.75%   -5.09% to -5.28%  
2017   0.40% to 0.60%   2,657,314   18.91 to 18.61   50,256,846   0.85%   16.25% to 16.02%  
2016   0.40% to 0.60%   3,151,597   16.27 to 16.04   51,268,778   1.60%   4.10% to 3.89%  
2015   0.40% to 0.60%   3,272,222   15.63 to 15.44   51,134,710   2.26%   -0.34% to -0.54%  
Ivy Variable Insurance Portfolios - Pathfinder Moderately Conservative: Class II (WRPMCP)  
2019   0.40% to 0.60%   275,259   18.73 to 18.35   5,153,543   2.33%   16.38% to 16.14%  
2018   0.40% to 0.60%   292,690   16.09 to 15.80   4,708,783   1.30%   -3.06% to -3.25%  
2017   0.40% to 0.60%   395,400   16.60 to 16.33   6,562,108   0.82%   12.32% to 12.09%  
2016   0.40% to 0.60%   450,483   14.78 to 14.57   6,656,559   1.31%   2.69% to 2.48%  
2015   0.40% to 0.60%   521,289   14.39 to 14.22   7,500,314   1.49%   -0.07% to -0.27%  
JPMorgan Insurance Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 2 (JPICB2)  
2019   0.40% to 1.75%   131,850   9.97 to 9.94   1,312,888   0.00%   -0.27% to -0.56% ****
JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 (JPMMV1)  
2019   0.80% to 1.40%   332,614   36.77 to 33.44   11,261,759   1.64%   25.75% to 24.99%  
2018   0.80% to 1.40%   387,327   29.24 to 26.75   10,479,437   0.97%   -12.55% to -13.08%  
2017   0.80% to 1.40%   469,253   33.44 to 30.78   14,600,047   0.81%   12.86% to 12.18%  
2016   0.80% to 1.40%   535,946   29.63 to 27.44   14,855,704   0.87%   13.78% to 13.09%  
2015   0.80% to 1.40%   546,122   26.04 to 24.26   13,376,443   1.02%   -3.43% to -4.02%  
Janus Henderson VIT Balanced Portfolio: Service Shares (JABS)  
2019   0.40% to 2.20%   313,524   12.15 to 29.41   9,799,803   1.64%   21.78% to 19.58%  
2018   0.40% to 2.20%   395,535   9.97 to 24.60   9,580,583   1.76%   -0.26% to -1.79%  
2017   0.95% to 2.20%   366,508   27.75 to 25.05   10,161,366   1.38%   17.02% to 15.54%  
2016   0.95% to 2.20%   392,370   23.72 to 21.68   9,324,473   1.95%   3.34% to 2.03%  
2015   0.95% to 2.20%   437,539   22.95 to 21.24   10,108,408   1.61%   -0.54% to -1.80%  
Janus Henderson VIT Enterprise Portfolio: Service Shares (JAMGS)  
2019   0.40% to 0.60%   77,654   26.53 to 26.17   2,053,042   0.05%   34.62% to 34.35%  
2018   0.40% to 0.60%   91,628   19.71 to 19.48   1,800,769   0.16%   -1.06% to -1.26%  
2017   0.40% to 0.60%   35,322   19.92 to 19.73   702,177   0.46%   26.58% to 26.33%  
2016   0.40% to 0.60%   14,228   15.73 to 15.62   223,445   0.72%   11.66% to 11.43%  
2015   0.40% to 0.60%   17,758   14.09 to 14.02   249,785   0.84%   3.35% to 3.14%  
Janus Henderson VIT Flexible Bond Portfolio: Service Shares (JAFBS)  
2019   0.40% to 2.85%   6,400,630   11.04 to 9.83   67,151,605   2.87%   8.84% to 6.16%  
2018   0.40% to 2.85%   6,585,369   10.15 to 9.26   64,146,071   2.77%   -1.68% to -4.12%  
2017   0.40% to 2.85%   5,597,484   10.32 to 9.66   56,031,070   2.60%   2.94% to 0.42%  
2016   0.40% to 2.85%   4,859,004   10.02 to 9.62   47,777,798   2.72%   1.81% to -0.68%  
2015   0.40% to 2.50%   1,919,575   9.85 to 9.71   18,752,458   1.71%   -1.54% to -2.94% ****
Janus Henderson VIT Forty Portfolio: Service Shares (JACAS)  
2019   0.40% to 2.75%   3,296,707   28.99 to 42.83   138,633,314   0.02%   36.30% to 33.09%  
2018   0.40% to 2.75%   3,720,030   21.27 to 32.18   117,359,769   1.24%   1.31% to -1.09%  
2017   0.40% to 2.75%   4,346,116   21.00 to 32.54   137,560,937   0.00%   29.48% to 26.43%  
2016   0.40% to 2.75%   5,035,118   16.22 to 25.74   125,005,211   0.87%   1.54% to -0.85%  
2015   0.40% to 2.75%   5,899,324   15.97 to 25.96   147,320,830   1.22%   11.49% to 8.86%  
Janus Henderson VIT Global Technology Portfolio: Service Shares (JAGTS)  
2019   0.40% to 2.85%   6,662,451   34.10 to 30.07   175,244,593   0.40%   44.24% to 40.69%  
2018   0.40% to 2.85%   6,599,469   23.64 to 21.37   122,975,804   1.08%   0.50% to -1.98%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019 

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2017   0.40% to 2.85%   6,516,353   23.52 to 21.80   122,662,647   0.43%   44.33% to 40.80%  
2016   0.40% to 2.85%   5,095,862   16.30 to 15.48   68,797,970   0.09%   13.40% to 10.62%  
2015   0.40% to 2.85%   4,891,607   14.37 to 14.00   57,799,647   0.80%   4.23% to 1.66%  
Janus Henderson VIT Overseas Portfolio: Service Shares (JAIGS)  
2019   0.75% to 2.65%   1,702,037   11.36 to 26.84   36,738,733   1.83%   25.76% to 23.35%  
2018   0.75% to 2.65%   1,925,759   9.03 to 21.76   33,438,105   1.66%   -15.78% to -17.40%  
2017   0.75% to 2.75%   2,189,258   10.73 to 24.48   45,520,689   1.56%   29.83% to 27.22%  
2016   0.75% to 2.75%   2,427,421   8.26 to 19.24   39,342,933   5.01%   -7.41% to -9.27%  
2015   0.75% to 2.75%   2,950,471   8.92 to 21.21   51,209,149   0.51%   -9.49% to -11.31%  
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)  
2019   0.40% to 2.75%   4,475,407   10.95 to 9.67   45,259,957   0.88%   17.67% to 14.89%  
2018   0.40% to 2.85%   4,904,233   9.30 to 8.38   42,606,559   1.92%   -18.88% to -20.89%  
2017   0.40% to 2.85%   4,480,686   11.47 to 10.59   48,516,913   1.93%   27.32% to 24.20%  
2016   0.40% to 2.85%   4,087,331   9.01 to 8.52   35,091,210   1.28%   20.30% to 17.35%  
2015   0.40% to 2.85%   2,211,426   7.49 to 7.26   16,012,703   1.36%   -20.38% to -22.34%  
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)  
2019   0.40% to 2.85%   4,806,220   11.05 to 10.09   51,206,073   2.87%   7.98% to 5.32%  
2018   0.40% to 2.85%   3,894,839   10.23 to 9.58   38,813,179   3.68%   -1.42% to -3.86%  
2017   0.40% to 2.85%   2,660,651   10.38 to 9.96   27,146,077   3.22%   3.45% to 0.91%  
2016   0.40% to 2.85%   1,134,112   10.03 to 9.87   11,295,234   4.65%   0.34% to -1.30% ****
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)  
2019   0.40% to 0.60%   24,509   10.59 to 10.55   259,230   3.20%   4.64% to 4.43%  
2018   0.40% to 0.60%   3,299   10.12 to 10.10   33,333   4.36%   1.16% to 1.03% ****
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)  
2019   0.40% to 0.60%   7,458   11.46 to 11.43   85,441   1.01%   21.54% to 21.30%  
2018   0.40% to 0.60%   4,444   9.43 to 9.42   41,888   0.65%   -5.68% to -5.81% ****
MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Service Class (M2IGSS)  
2019   0.95% to 2.30%   391,705   17.89 to 16.76   6,823,648   0.34%   38.26% to 36.37%  
2018   0.95% to 2.30%   427,471   12.94 to 12.29   5,420,401   0.34%   -0.38% to -1.75%  
2017   0.95% to 2.30%   485,616   12.99 to 12.51   6,216,844   0.41%   26.89% to 25.16%  
2016   0.95% to 2.30%   601,619   10.24 to 9.99   6,098,868   0.38%   4.84% to 3.41%  
2015   0.95% to 2.30%   633,135   9.77 to 9.66   6,156,386   0.46%   -2.34% to -3.36% ****
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)  
2019   0.40% to 2.80%   3,012,031   24.41 to 20.25   67,089,712   0.00%   40.71% to 37.32%  
2018   0.40% to 2.80%   2,337,791   17.35 to 14.74   37,462,273   0.00%   -2.11% to -4.49%  
2017   0.40% to 2.80%   2,308,380   17.72 to 15.44   38,147,836   0.00%   25.83% to 22.81%  
2016   0.40% to 2.80%   1,975,791   14.08 to 12.57   26,229,003   0.00%   8.36% to 5.76%  
2015   0.40% to 2.80%   1,931,535   13.00 to 11.88   23,951,034   0.00%   -2.54% to -4.89%  
MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)  
2019   0.40% to 0.60%   13,924   15.82 to 15.61   218,369   3.78%   24.30% to 24.05%  
2018   0.40% to 0.60%   13,773   12.73 to 12.58   173,720   0.78%   0.41% to 0.20%  
2017   0.40% to 0.60%   14,544   12.67 to 12.56   183,219   4.14%   14.04% to 13.81%  
2016   0.40% to 0.60%   13,452   11.11 to 11.03   148,800   3.44%   10.79% to 10.57%  
2015   0.40% to 0.60%   13,406   10.03 to 9.98   134,024   4.14%   -15.10% to -15.27%  
MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)  
2019   0.40% to 2.90%   10,092,360   23.89 to 29.05   383,956,790   1.87%   28.99% to 25.75%  
2018   0.40% to 2.90%   11,370,541   18.52 to 23.10   339,385,908   1.31%   -10.72% to -12.97%  
2017   0.40% to 2.90%   12,465,206   20.75 to 26.55   422,395,200   1.72%   16.88% to 13.96%  
2016   0.40% to 2.95%   13,487,674   17.75 to 23.13   396,228,612   1.89%   13.32% to 10.43%  
2015   0.40% to 2.95%   13,646,938   15.66 to 20.95   358,519,642   2.08%   -1.33% to -3.86%  
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)  
2019   0.60% to 2.00%   208,542   10.91 to 10.81   2,261,362   0.64%   9.09% to 8.06% ****
MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)  
2019   0.40% to 2.85%   13,810,529   24.35 to 19.14   301,384,233   1.46%   25.15% to 22.07%  
2018   0.40% to 2.85%   14,677,349   19.46 to 15.68   258,562,131   0.91%   -10.09% to -12.31%  
2017   0.40% to 2.85%   15,131,602   21.64 to 17.88   299,395,315   1.32%   26.31% to 23.22%  
2016   0.40% to 2.85%   14,144,359   17.13 to 14.51   224,168,969   1.15%   3.43% to 0.89%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2015   0.40% to 2.85%   13,447,782   16.56 to 14.39   208,365,511   1.84%   5.89% to 3.29%  
The Merger Fund VL - The Merger Fund VL (MGRFV)  
2019   0.40%   575   11.43   6,572   0.99%   5.74%  
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)  
2019   0.40% to 2.85%   1,125,057   12.41 to 11.05   13,205,984   2.56%   27.36% to 24.22%  
2018   0.40% to 2.85%   1,195,515   9.75 to 8.89   11,151,713   2.71%   -8.26% to -10.53%  
2017   0.40% to 2.85%   1,286,043   10.62 to 9.94   13,234,445   2.32%   12.09% to 9.35%  
2016   0.40% to 2.85%   964,729   9.48 to 9.09   8,963,172   2.04%   14.51% to 11.70%  
2015   0.40% to 2.40%   154,932   8.28 to 8.16   1,271,205   0.98%   -17.24% to -18.36% ****
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)  
2019   0.80% to 1.40%   181,090   16.05 to 14.78   2,706,989   4.20%   9.99% to 9.33%  
2018   0.80% to 1.40%   190,500   14.59 to 13.51   2,604,041   2.39%   -1.45% to -2.05%  
2017   0.80% to 1.40%   172,681   14.81 to 13.80   2,405,559   3.21%   5.40% to 4.76%  
2016   0.80% to 1.40%   164,356   14.05 to 13.17   2,183,887   2.00%   5.26% to 4.63%  
2015   0.80% to 1.40%   163,055   13.35 to 12.59   2,069,088   3.56%   -1.45% to -2.04%  
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class II (MSVF2)  
2019   0.95% to 2.45%   714,861   16.24 to 12.50   10,538,872   3.82%   9.56% to 7.90%  
2018   0.95% to 2.45%   694,470   14.82 to 11.58   9,391,779   2.31%   -1.86% to -3.35%  
2017   0.95% to 2.45%   759,666   15.10 to 11.99   10,536,969   2.90%   4.89% to 3.31%  
2016   0.95% to 2.45%   799,543   14.40 to 11.60   10,604,673   1.66%   4.86% to 3.27%  
2015   0.95% to 2.55%   908,448   13.73 to 11.09   11,541,430   3.15%   -1.77% to -3.36%  
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)  
2019   0.80% to 1.40%   42,170   35.04 to 30.58   1,309,121   5.32%   13.34% to 12.65%  
2018   0.80% to 1.40%   47,440   30.92 to 27.14   1,306,054   5.77%   -7.69% to -8.26%  
2017   0.80% to 1.40%   58,179   33.49 to 29.58   1,746,085   5.37%   8.83% to 8.18%  
2016   0.80% to 1.40%   64,563   30.77 to 27.35   1,789,500   5.54%   9.67% to 9.01%  
2015   0.80% to 1.40%   72,640   28.06 to 25.09   1,845,745   5.35%   -1.91% to -2.50%  
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)  
2019   0.40% to 1.85%   33,426   11.59 to 24.70   575,441   5.27%   13.71% to 12.06%  
2018   0.40% to 1.85%   36,142   10.19 to 22.04   545,549   5.79%   -7.42% to -8.77%  
2017   0.40% to 2.05%   43,423   11.01 to 23.44   699,184   5.50%   9.15% to 7.35%  
2016   0.40% to 2.05%   34,535   10.09 to 21.83   601,667   5.40%   10.14% to 8.32%  
2015   0.40% to 2.05%   37,621   9.16 to 20.16   601,037   5.74%   -1.57% to -3.20%  
Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)  
2019   0.40% to 2.55%   28,285   12.35 to 11.06   341,682   2.65%   17.58% to 15.05%  
2018   0.40% to 2.55%   34,671   10.51 to 9.62   358,146   3.11%   -8.57% to -10.55%  
2017   0.40% to 2.55%   18,964   11.49 to 10.75   216,047   2.37%   9.27% to 6.92%  
2016   0.40% to 2.55%   41,570   10.52 to 10.05   436,532   1.27%   2.71% to 0.50%  
2015   0.40% to 2.55%   38,899   10.24 to 10.00   402,676   1.74%   -1.81% to -3.93%  
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)  
2019   0.40% to 2.10%   241,170   10.54 to 10.42   2,523,618   2.02%   5.37% to 4.17% ****
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)  
2019   0.40% to 2.90%   9,956,482   13.28 to 10.20   171,404,321   2.19%   5.85% to 3.19%  
2018   0.40% to 2.90%   12,354,850   12.54 to 9.88   194,998,578   2.11%   -0.45% to -2.96%  
2017   0.40% to 2.90%   12,420,978   12.60 to 10.18   202,152,690   2.07%   1.68% to -0.87%  
2016   0.40% to 2.95%   13,597,359   12.39 to 10.20   218,300,104   1.86%   0.34% to -2.22%  
2015   0.40% to 2.95%   14,815,954   12.35 to 10.43   236,767,960   1.67%   -0.51% to -3.06%  
Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)  
2019   0.40% to 2.85%   12,526,039   15.65 to 12.98   221,164,763   4.71%   8.73% to 6.06%  
2018   0.40% to 2.85%   14,307,465   14.40 to 12.24   233,949,696   2.77%   -2.74% to -5.14%  
2017   0.40% to 2.85%   14,471,179   14.80 to 12.90   244,742,407   4.81%   5.91% to 3.31%  
2016   0.40% to 2.85%   13,615,977   13.98 to 12.49   219,092,597   3.25%   8.21% to 5.56%  
2015   0.40% to 2.85%   13,639,542   12.92 to 11.83   204,957,701   1.99%   -3.28% to -5.66%  
Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)  
2019   0.40% to 2.55%   2,399,886   12.83 to 20.63   58,538,108   5.38%   14.28% to 11.82%  
2018   0.40% to 2.55%   2,634,670   11.22 to 18.45   57,029,568   5.64%   -3.39% to -5.49%  
2017   0.40% to 2.55%   2,895,079   11.62 to 19.52   65,627,291   5.14%   6.33% to 4.04%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2016   0.40% to 2.65%   3,399,461   10.93 to 18.50   72,967,129   5.58%   13.70% to 11.14%  
2015   0.40% to 2.55%   3,261,275   9.61 to 16.87   62,663,254   4.94%   -3.00% to -5.09%  
Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)  
2019   0.40% to 3.00%   271,821,075   13.16 to 9.92   3,361,868,173   1.89%   8.55% to 5.71%  
2018   0.40% to 3.00%   264,067,144   12.12 to 9.38   3,031,739,885   2.37%   -1.47% to -4.06%  
2017   0.40% to 3.00%   239,086,312   12.31 to 9.78   2,809,177,908   1.26%   2.80% to 0.12%  
2016   0.40% to 3.00%   199,364,903   11.97 to 9.77   2,298,086,243   2.60%   2.24% to -0.42%  
2015   0.40% to 3.10%   172,807,397   11.71 to 9.71   1,965,834,351   1.41%   -0.63% to -3.32%  
Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II (NVLCP2)  
2019   0.40% to 2.85%   4,758,362   16.37 to 11.99   67,267,324   2.88%   9.16% to 6.47%  
2018   0.40% to 2.65%   5,180,632   15.00 to 11.51   67,720,853   2.45%   -1.85% to -4.08%  
2017   0.40% to 2.65%   5,222,094   15.28 to 12.00   70,161,668   2.37%   3.35% to 1.02%  
2016   0.40% to 2.65%   5,144,916   14.79 to 11.88   67,608,454   2.85%   2.92% to 0.60%  
2015   0.40% to 2.65%   5,081,927   14.37 to 11.81   65,587,568   1.54%   -0.92% to -3.15%  
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)  
2019   0.80% to 1.40%   262,668   14.79 to 13.78   3,651,738   3.23%   8.07% to 7.42%  
2018   0.80% to 1.40%   228,067   13.68 to 12.82   2,948,079   2.92%   -1.22% to -1.82%  
2017   0.80% to 1.40%   263,219   13.85 to 13.06   3,463,330   2.94%   3.56% to 2.94%  
2016   0.80% to 1.40%   272,710   13.37 to 12.69   3,482,975   3.06%   4.51% to 3.88%  
2015   0.80% to 1.40%   233,064   12.80 to 12.22   2,862,984   2.97%   -1.51% to -2.11%  
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)  
2019   0.40% to 2.90%   7,488,952   15.27 to 11.18   99,051,022   2.79%   8.26% to 5.55%  
2018   0.40% to 2.90%   7,366,376   14.11 to 10.59   90,828,282   2.81%   -1.09% to -3.58%  
2017   0.40% to 2.90%   7,919,555   14.26 to 10.98   99,834,745   2.95%   3.76% to 1.17%  
2016   0.40% to 2.95%   7,826,378   13.75 to 10.81   96,041,882   2.86%   4.59% to 1.92%  
2015   0.40% to 2.95%   8,086,301   13.14 to 10.61   95,953,153   2.73%   -1.28% to -3.80%  
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)  
2019   0.40% to 2.85%   14,111,650   11.99 to 8.94   147,972,960   2.25%   3.67% to 1.12%  
2018   0.40% to 2.85%   15,840,601   11.56 to 8.84   160,913,063   2.26%   0.41% to -2.07%  
2017   0.40% to 2.85%   13,652,889   11.52 to 9.03   140,413,930   1.66%   1.17% to -1.31%  
2016   0.40% to 2.85%   13,257,629   11.38 to 9.15   136,142,803   1.72%   2.08% to -0.42%  
2015   0.40% to 2.75%   12,236,451   11.15 to 9.26   124,426,225   1.69%   -0.74% to -3.08%  
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)  
2019   0.40% to 0.60%   80,401   11.00 to 10.97   883,729   5.57%   7.96% to 7.75%  
2018   0.60%   16,971   10.18   172,727   2.90%   1.78% ****
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)  
2019   0.40% to 2.75%   43,262,098   10.08 to 7.53   503,101,231   1.75%   1.37% to -1.02%  
2018   0.40% to 2.75%   48,439,904   9.95 to 7.60   564,774,770   1.38%   0.98% to -1.41%  
2017   0.40% to 2.75%   45,584,470   9.85 to 7.71   517,536,153   0.41%   0.02% to -2.33%  
2016   0.40% to 2.75%   50,109,476   9.85 to 7.90   583,715,336   0.01%   -0.39% to -2.74%  
2015   0.40% to 2.85%   50,544,180   9.89 to 8.01   590,994,138   0.00%   -0.40% to -2.85%  
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)  
2019   0.40% to 2.10%   205,941   10.84 to 10.72   2,218,214   0.99%   8.40% to 7.16% ****
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)  
2019   1.15% to 1.65%   101,281   10.09 to 10.08   1,021,589   0.23%   0.93% to 0.82% ****
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Disciplined Equity Fund: Class II (NJNDE2)  
2019   1.15% to 1.30%   62,371   10.97 to 10.96   683,897   0.29%   9.68% to 9.65% ****
Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II (NVMGA2)  
2019   0.40% to 2.85%   27,691,497   12.50 to 10.53   311,900,255   0.55%   14.49% to 11.67%  
2018   0.40% to 2.85%   24,609,072   10.92 to 9.43   244,394,241   0.91%   -8.84% to -11.09%  
2017   0.40% to 2.85%   19,669,396   11.97 to 10.60   216,246,380   1.33%   17.96% to 15.07%  
2016   0.40% to 2.85%   14,720,771   10.15 to 9.21   138,538,134   1.17%   1.52% to 0.05% ****
2015   1.15% to 2.50%   5,340,045   9.29 to 9.23   49,503,692   0.00%   -7.15% to -7.74% ****
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)  
2019   0.40% to 2.80%   34,382,199   15.91 to 13.92   519,086,570   1.66%   21.49% to 18.57%  
2018   0.40% to 2.80%   26,846,222   13.09 to 11.74   336,461,120   1.15%   -2.97% to -5.32%  
2017   0.40% to 2.80%   20,695,623   13.49 to 12.40   269,662,955   1.17%   21.21% to 18.30%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2016   1.15% to 2.80%   13,095,102   10.93 to 10.48   142,032,231   1.93%   8.78% to 6.97%  
2015   0.40% to 2.75%   6,439,133   10.16 to 9.81   64,293,500   2.75%   -0.26% to -2.61%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I (NVMLG1)  
2019   0.80% to 1.40%   382,086   25.43 to 23.69   9,152,537   3.89%   29.49% to 28.70%  
2018   0.80% to 1.40%   448,327   19.64 to 18.41   8,334,968   0.30%   -3.86% to -4.44%  
2017   0.80% to 1.40%   489,827   20.42 to 19.26   9,520,499   0.34%   29.17% to 28.39%  
2016   0.80% to 1.40%   554,024   15.81 to 15.00   8,379,213   0.80%   1.37% to 0.76%  
2015   0.80% to 1.40%   621,350   15.60 to 14.89   9,315,584   0.45%   2.61% to 1.99%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class II (NVMLG2)  
2019   0.40% to 2.90%   5,293,739   26.12 to 19.26   120,096,282   3.80%   29.70% to 26.44%  
2018   0.40% to 2.90%   5,938,578   20.14 to 15.23   105,053,168   0.05%   -3.74% to -6.17%  
2017   0.40% to 2.90%   6,516,758   20.92 to 16.24   120,994,190   0.10%   29.36% to 26.13%  
2016   0.40% to 2.95%   7,269,482   16.17 to 12.81   105,496,062   0.60%   1.58% to -1.01%  
2015   0.40% to 2.95%   8,107,986   15.92 to 12.95   117,161,971   0.22%   2.72% to 0.09%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)  
2019   0.80% to 1.40%   140,058   23.12 to 21.80   3,074,893   20.48%   24.40% to 23.65%  
2018   0.80% to 1.40%   171,784   18.59 to 17.63   3,047,188   1.42%   -12.30% to -12.83%  
2017   0.80% to 1.40%   211,341   21.19 to 20.23   4,296,820   1.45%   13.62% to 12.94%  
2016   0.80% to 1.40%   222,753   18.65 to 17.91   4,009,163   1.85%   15.42% to 14.73%  
2015   0.80% to 1.40%   250,352   16.16 to 15.61   3,923,567   1.22%   -3.93% to -4.51%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II (NVMLV2)  
2019   0.40% to 2.85%   4,690,827   21.49 to 15.13   83,133,463   22.98%   24.60% to 21.53%  
2018   0.40% to 2.85%   4,631,844   17.25 to 12.45   66,448,526   1.20%   -12.15% to -14.32%  
2017   0.40% to 2.85%   5,374,554   19.63 to 14.53   88,652,631   1.17%   13.90% to 11.11%  
2016   0.40% to 2.85%   6,504,812   17.24 to 13.08   95,485,885   1.79%   15.58% to 12.75%  
2015   0.40% to 2.80%   6,048,438   14.91 to 11.64   77,594,537   1.01%   -3.82% to -6.14%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I (NVMMG1)  
2019   0.80% to 1.40%   7,457,247   25.45 to 23.71   178,638,041   0.00%   36.16% to 35.33%  
2018   0.80% to 1.40%   8,287,039   18.69 to 17.52   146,556,578   0.00%   -7.60% to -8.16%  
2017   0.80% to 1.40%   9,267,604   20.23 to 19.08   178,297,202   0.00%   26.72% to 25.95%  
2016   0.80% to 1.40%   10,317,863   15.96 to 15.15   157,462,898   0.00%   5.62% to 4.98%  
2015   0.80% to 1.40%   11,576,148   15.11 to 14.43   168,141,797   0.00%   -0.98% to -1.58%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class II (NVMMG2)  
2019   0.40% to 2.90%   5,672,388   25.37 to 19.24   128,521,809   0.00%   36.29% to 32.87%  
2018   0.40% to 2.90%   5,598,301   18.61 to 14.48   94,321,007   0.00%   -7.42% to -9.76%  
2017   0.40% to 2.90%   6,895,043   20.11 to 16.05   126,493,184   0.00%   27.01% to 23.84%  
2016   0.40% to 2.95%   7,147,706   15.83 to 12.90   104,584,693   0.00%   5.63% to 2.94%  
2015   0.40% to 2.95%   8,659,725   14.99 to 12.53   121,110,111   0.00%   -0.74% to -3.29%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I (NVMIG1)  
2019   0.80% to 1.40%   1,793,593   12.75 to 12.32   22,197,089   1.24%   32.08% to 31.29%  
2018   0.80% to 1.40%   1,994,973   9.65 to 9.38   18,790,106   1.07%   -17.13% to -17.63%  
2017   0.80% to 1.40%   2,185,527   11.65 to 11.39   24,969,891   1.22%   24.77% to 24.02%  
2016   0.80% to 1.40%   2,452,159   9.34 to 9.19   22,572,837   1.42%   -2.90% to -3.49%  
2015   0.80% to 1.40%   2,745,069   9.62 to 9.52   26,162,417   0.68%   -1.29% to -1.88%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class II (NVMIG6)  
2019   0.40% to 2.90%   7,384,663   16.17 to 11.30   98,572,728   0.93%   32.31% to 28.99%  
2018   0.40% to 2.90%   8,452,066   12.22 to 8.76   86,186,531   1.09%   -17.00% to -19.10%  
2017   0.40% to 2.90%   9,061,611   14.72 to 10.83   112,569,402   0.95%   25.03% to 21.91%  
2016   0.40% to 2.95%   10,445,091   11.78 to 8.84   104,876,593   1.20%   -2.86% to -5.34%  
2015   0.40% to 2.95%   11,631,797   12.12 to 9.34   121,523,376   0.12%   -1.05% to -3.59%  
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)  
2019   0.80% to 1.40%   2,444,964   19.49 to 18.15   44,800,326   1.67%   29.66% to 28.87%  
2018   0.80% to 1.40%   2,737,930   15.03 to 14.09   38,891,138   1.80%   -4.70% to -5.28%  
2017   0.80% to 1.40%   3,139,271   15.77 to 14.87   47,032,790   2.11%   5.65% to 5.01%  
2016   0.80% to 1.40%   3,544,959   14.93 to 14.16   50,537,759   1.95%   6.49% to 5.85%  
2015   0.80% to 1.40%   3,980,586   14.02 to 13.38   53,571,068   2.51%   -6.11% to -6.68%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
   
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)  
2019   0.40% to 2.85%   5,671,543   40.07 to 14.82   97,626,272   1.56%   29.92% to 26.73%  
2018   0.40% to 2.85%   5,777,988   30.84 to 11.70   77,587,417   1.58%   -4.44% to -6.81%  
2017   0.40% to 2.85%   6,517,308   32.27 to 12.55   92,788,755   1.94%   5.72% to 3.13%  
2016   0.40% to 2.85%   6,892,130   30.53 to 12.17   94,000,848   1.80%   6.75% to 4.13%  
2015   0.40% to 2.85%   7,214,889   28.60 to 11.69   93,363,754   2.38%   -6.04% to -8.35%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I (NVMMV1)  
2019   0.40% to 0.60%   34,208   19.07 to 18.82   648,555   2.31%   23.48% to 23.23%  
2018   0.40% to 0.60%   40,741   15.45 to 15.27   626,375   1.31%   -13.47% to -13.64%  
2017   0.40% to 0.60%   37,926   17.85 to 17.69   676,004   1.37%   13.49% to 13.27%  
2016   0.40% to 0.60%   34,172   15.73 to 15.61   536,981   1.61%   17.25% to 17.02%  
2015   0.40% to 0.60%   14,266   13.41 to 13.34   191,283   2.26%   -3.14% to -3.33%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)  
2019   0.40% to 2.90%   10,260,963   26.05 to 18.88   231,565,828   2.20%   23.35% to 20.26%  
2018   0.40% to 2.90%   11,449,717   21.12 to 15.70   211,614,202   1.04%   -13.50% to -15.69%  
2017   0.40% to 2.90%   12,848,908   24.42 to 18.62   277,323,581   1.10%   13.38% to 10.55%  
2016   0.40% to 2.95%   14,406,181   21.53 to 16.77   276,935,485   1.36%   17.12% to 14.13%  
2015   0.40% to 2.95%   16,383,590   18.39 to 14.69   271,418,395   1.16%   -3.27% to -5.75%  
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)  
2019   0.80% to 1.40%   3,565,898   22.63 to 21.08   75,809,329   0.64%   27.05% to 26.28%  
2018   0.80% to 1.40%   3,929,899   17.81 to 16.69   66,105,643   0.53%   -5.53% to -6.11%  
2017   0.80% to 1.40%   4,345,281   18.85 to 17.78   77,788,449   0.52%   23.86% to 23.11%  
2016   0.80% to 1.40%   4,870,321   15.22 to 14.44   70,764,705   0.78%   12.70% to 12.02%  
2015   0.80% to 1.40%   5,502,381   13.51 to 12.89   71,326,597   0.76%   -1.87% to -2.46%  
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II (NVNMO2)  
2019   0.40% to 2.85%   2,102,879   23.12 to 17.45   43,109,027   0.55%   27.57% to 24.44%  
2018   0.40% to 2.85%   2,256,041   18.12 to 14.03   36,584,902   0.45%   -5.39% to -7.73%  
2017   0.40% to 2.85%   2,319,444   19.15 to 15.20   40,146,704   0.54%   24.26% to 21.22%  
2016   0.40% to 2.55%   1,806,938   15.41 to 12.88   25,449,885   0.70%   13.09% to 10.66%  
2015   0.40% to 2.65%   2,018,042   13.63 to 11.55   25,411,230   0.66%   -1.59% to -3.81%  
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I (NVNSR1)  
2019   0.80% to 1.40%   95,317   23.42 to 21.82   2,102,708   0.81%   25.00% to 24.24%  
2018   0.80% to 1.40%   115,207   18.73 to 17.56   2,043,477   0.68%   -6.55% to -7.12%  
2017   0.80% to 1.40%   115,638   20.05 to 18.90   2,205,698   0.60%   17.67% to 16.96%  
2016   0.80% to 1.40%   129,072   17.04 to 16.16   2,103,063   0.76%   9.23% to 8.57%  
2015   0.80% to 1.40%   164,906   15.60 to 14.89   2,472,698   0.83%   -1.12% to -1.72%  
Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class II (NVNSR2)  
2019   0.40% to 2.90%   4,925,653   25.49 to 18.05   105,164,967   0.70%   25.54% to 22.39%  
2018   0.40% to 2.90%   5,445,148   20.30 to 14.75   93,620,504   0.54%   -6.25% to -8.62%  
2017   0.40% to 2.90%   6,457,892   21.66 to 16.14   119,725,945   0.52%   17.89% to 14.94%  
2016   0.40% to 2.95%   7,416,099   18.37 to 13.98   117,854,984   0.69%   9.67% to 6.87%  
2015   0.40% to 2.95%   8,567,800   16.75 to 13.08   125,428,797   0.74%   -0.82% to -3.36%  
Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I (NVAMV1)  
2019   0.80% to 1.40%   1,253,024   32.49 to 30.45   38,480,817   2.62%   25.94% to 25.18%  
2018   0.80% to 1.40%   1,423,536   25.80 to 24.33   34,897,450   1.37%   -10.08% to -10.62%  
2017   0.80% to 1.40%   1,625,882   28.69 to 27.22   44,562,716   1.62%   7.81% to 7.16%  
2016   0.80% to 1.40%   1,867,130   26.61 to 25.40   47,723,718   2.33%   19.48% to 18.76%  
2015   0.80% to 1.40%   2,093,055   22.27 to 21.39   45,007,584   2.30%   -5.04% to -5.62%  
Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class II (NVAMV2)  
2019   0.40% to 2.85%   5,755,354   33.25 to 25.49   170,119,274   2.51%   26.18% to 23.07%  
2018   0.40% to 2.85%   6,265,951   26.35 to 20.71   148,331,788   1.21%   -9.83% to -12.07%  
2017   0.40% to 2.85%   6,997,342   29.22 to 23.56   185,677,580   1.53%   8.00% to 5.36%  
2016   0.40% to 2.85%   7,464,284   27.06 to 22.36   185,339,257   2.29%   19.73% to 16.80%  
2015   0.40% to 2.85%   7,354,304   22.60 to 19.14   154,374,620   2.21%   -4.82% to -7.17%  
Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class I (NVOLG1)  
2019   0.40% to 1.40%   9,975,304   17.70 to 39.75   398,939,922   1.69%   37.07% to 35.69%  
2018   0.40% to 1.40%   11,104,064   12.91 to 29.29   327,345,278   0.76%   -1.67% to -2.66%  
2017   0.40% to 1.40%   12,431,015   13.13 to 30.09   376,275,486   0.47%   26.80% to 25.54%  

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

   

Contract
Expense
Rate*

  

Units

  

Unit
Fair
Value

  

Contract
Owners’
Equity

  

Investment
Income
Ratio**

  

Total
Return***

  
                           
2016   0.40% to 1.40%   13,924,566   10.36 to 23.97   335,516,409   0.74%   3.58% to 2.19% ****
2015   0.80% to 1.40%   14,295,494   24.43 to 23.46   337,050,583   0.62%   4.25% to 3.62%  
Nationwide Variable Insurance Trust - NVIT Dynamic U.S. Growth Fund: Class II (NVOLG2)  
2019   0.40% to 2.85%   7,991,334   43.10 to 33.04   305,253,784   1.51%   36.78% to 33.42%  
2018   0.40% to 2.85%   8,197,306   31.51 to 24.77   231,914,827   0.49%   -1.94% to -4.36%  
2017   0.40% to 2.85%   9,719,315   32.13 to 25.90   283,303,657   0.23%   26.56% to 23.46%  
2016   0.40% to 2.85%   10,651,011   25.39 to 20.98   248,287,464   0.52%   2.91% to 0.39%  
2015   0.40% to 2.85%   9,578,573   24.67 to 20.90   219,506,281   0.37%   4.40% to 1.84%  
Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I (NVTIV3)  
2019   0.40% to 2.90%   12,319,345   17.35 to 13.23   189,880,932   2.46%   12.04% to 9.22%  
2018   0.40% to 2.90%   12,328,795   15.48 to 12.11   171,344,836   1.94%   -16.03% to -18.15%  
2017   0.40% to 2.90%   12,810,235   18.44 to 14.80   214,282,184   1.95%   22.23% to 19.17%  
2016   0.40% to 2.95%   14,534,440   15.09 to 12.37   201,090,496   2.11%   0.71% to -1.86%  
2015   0.40% to 2.95%   14,993,808   14.98 to 12.60   208,223,888   1.84%   -4.29% to -6.74%  
Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)  
2019   0.40% to 2.80%   825,933   10.78 to 10.35   8,739,047   4.00%   6.16% to 3.60%  
2018   0.40% to 2.40%   327,763   10.16 to 10.02   3,305,170   4.11%   1.56% to 0.19% ****
Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I (TRF)  
2019   0.80% to 1.40%   937,161   56.22 to 59.25   130,888,989   1.14%   28.27% to 27.50%  
2018   0.80% to 1.40%   1,054,265   43.83 to 46.48   113,465,570   1.06%   -0.81% to -1.41%  
2017   0.80% to 1.40%   1,184,299   44.19 to 47.14   128,403,881   1.00%   19.56% to 18.84%  
2016   0.80% to 1.40%   1,304,033   36.96 to 39.67   118,905,204   1.39%   10.50% to 9.83%  
2015   0.80% to 1.40%   1,468,479   33.45 to 36.12   121,497,169   1.19%   0.13% to -0.48%  
Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class II (TRF2)  
2019   0.40% to 2.90%   3,243,676   23.82 to 25.65   112,585,840   0.92%   28.51% to 25.28%  
2018   0.65% to 2.90%   3,413,423   17.83 to 20.47   93,554,314   0.78%   -0.93% to -3.19%  
2017   0.65% to 2.90%   4,014,588   17.99 to 21.15   112,084,631   0.74%   19.47% to 16.77%  
2016   0.40% to 2.95%   4,706,075   15.58 to 17.98   111,044,455   1.12%   10.71% to 7.89%  
2015   0.40% to 2.95%   5,584,163   14.07 to 16.67   120,383,706   0.93%   0.26% to -2.31%  
Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)  
2019   0.40% to 0.60%   224,130   19.66 to 19.40   4,386,568   1.93%   26.80% to 26.55%  
2018   0.40% to 0.60%   207,195   15.50 to 15.33   3,200,981   2.56%   -7.63% to -7.82%  
2017   0.40% to 0.60%   64,704   16.78 to 16.63   1,084,015   4.50%   17.52% to 17.29%  
2016   0.40% to 0.60%   15,125   14.28 to 14.18   215,630   2.58%   17.42% to 17.18%  
2015   0.40% to 0.60%   22,472   12.16 to 12.10   273,070   1.35%   -6.67% to -6.86%  
Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II (EIF2)  
2019   0.40% to 2.90%   9,239,208   23.78 to 25.47   327,350,159   1.75%   26.50% to 23.32%  
2018   0.40% to 2.90%   8,038,252   18.80 to 20.65   226,539,313   1.71%   -7.83% to -10.16%  
2017   0.40% to 2.90%   6,803,971   20.39 to 22.99   208,825,609   3.09%   17.22% to 14.29%  
2016   0.40% to 2.95%   6,230,456   17.40 to 19.97   164,047,875   2.16%   17.10% to 14.11%  
2015   0.40% to 2.95%   7,132,894   14.86 to 17.50   162,129,967   1.55%   -6.89% to -9.27%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)  
2019   0.80% to 1.40%   385,691   18.76 to 16.65   6,568,627   0.00%   34.63% to 33.81%  
2018   0.80% to 1.40%   420,135   13.93 to 12.44   5,337,564   0.00%   -8.68% to -9.24%  
2017   0.80% to 1.40%   461,080   15.26 to 13.71   6,438,048   0.00%   23.93% to 23.18%  
2016   0.80% to 1.40%   487,634   12.31 to 11.13   5,511,328   0.00%   7.44% to 6.79%  
2015   0.80% to 1.40%   608,574   11.46 to 10.42   6,436,694   0.00%   -0.05% to -0.65%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)  
2019   0.40% to 2.85%   1,200,642   22.53 to 25.36   40,915,829   0.00%   34.84% to 31.52%  
2018   0.40% to 2.85%   1,224,052   16.71 to 19.28   31,271,546   0.00%   -8.58% to -10.85%  
2017   0.75% to 2.85%   1,227,824   18.26 to 21.63   34,761,039   0.00%   23.71% to 21.11%  
2016   0.40% to 2.85%   1,265,979   15.53 to 17.86   29,153,361   0.00%   7.63% to 4.99%  
2015   0.40% to 2.80%   1,375,061   14.43 to 17.12   29,882,885   0.00%   0.13% to -2.29%  
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)  
2019   0.40% to 1.40%   806,570   19.15 to 75.19   60,484,876   0.07%   25.15% to 23.89%  
2018   0.40% to 1.40%   888,494   15.30 to 60.69   53,898,367   0.01%   -12.99% to -13.86%  
2017   0.40% to 1.40%   1,004,309   17.58 to 70.46   70,169,362   0.00%   13.03% to 11.90%  

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

0.40% to 1.40%

 

1,123,947

 

15.55 to 62.96

 

70,421,172

 

0.32%

 

22.34% to 21.12%

 

2015

 

0.40% to 1.40%

 

1,264,093

 

12.71 to 51.99

 

65,157,947

 

0.36%

 

-2.03% to -3.01%

 

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)

 

2019

 

0.40% to 2.85%

 

1,019,467

 

23.67 to 29.92

 

41,289,671

 

0.00%

 

24.85% to 21.78%

 

2018

 

0.40% to 2.85%

 

1,077,040

 

18.95 to 24.56

 

35,320,370

 

0.00%

 

-13.18% to -15.33%

 

2017

 

0.40% to 2.85%

 

1,205,338

 

21.83 to 29.01

 

46,095,743

 

0.00%

 

12.75% to 9.98%

 

2016

 

0.40% to 2.85%

 

1,300,494

 

19.36 to 26.38

 

44,530,901

 

0.10%

 

22.05% to 19.06%

 

2015

 

0.40% to 2.65%

 

1,435,176

 

15.87 to 24.84

 

40,859,982

 

0.14%

 

-2.29% to -4.50%

 

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)

 

2019

 

0.40% to 1.40%

 

374,687

 

11.91 to 25.38

 

8,798,661

 

2.37%

 

22.45% to 21.22%

 

2018

 

0.40% to 1.40%

 

400,658

 

9.73 to 20.93

 

7,946,756

 

0.64%

 

-17.75% to -18.58%

 

2017

 

0.40% to 1.40%

 

452,326

 

11.82 to 25.71

 

11,025,859

 

1.38%

 

40.94% to 39.53%

 

2016

 

0.40% to 1.40%

 

426,004

 

8.39 to 18.43

 

7,799,060

 

0.81%

 

7.29% to 6.21%

 

2015

 

0.40% to 1.40%

 

494,600

 

7.82 to 17.35

 

8,589,139

 

0.80%

 

-16.33% to -17.17%

 

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)

 

2019

 

0.75% to 2.80%

 

1,580,746

 

11.97 to 27.63

 

54,828,054

 

2.19%

 

21.75% to 19.23%

 

2018

 

0.75% to 2.80%

 

1,701,880

 

9.83 to 23.17

 

48,869,518

 

0.43%

 

-18.28% to -19.98%

 

2017

 

0.75% to 2.80%

 

1,953,769

 

12.03 to 28.96

 

67,991,928

 

0.95%

 

40.16% to 37.28%

 

2016

 

0.75% to 2.80%

 

1,775,366

 

8.58 to 21.10

 

45,333,109

 

0.81%

 

6.67% to 4.48%

 

2015

 

0.75% to 2.80%

 

2,110,360

 

8.04 to 20.19

 

50,910,242

 

0.47%

 

-16.86% to -18.58%

 

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)

 

2019

 

0.40% to 1.40%

 

887,888

 

13.84 to 16.02

 

14,250,205

 

2.48%

 

18.64% to 17.45%

 

2018

 

0.40% to 1.40%

 

1,056,569

 

11.67 to 13.64

 

14,455,330

 

2.01%

 

-14.88% to -15.74%

 

2017

 

0.40% to 1.40%

 

1,111,699

 

13.71 to 16.19

 

18,155,383

 

1.70%

 

26.94% to 25.67%

 

2016

 

0.40% to 1.40%

 

1,229,114

 

10.80 to 12.88

 

15,966,524

 

2.09%

 

0.47% to -0.54%

 

2015

 

0.40% to 1.40%

 

1,434,332

 

10.75 to 12.95

 

18,728,602

 

0.48%

 

-3.44% to -4.41%

 

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

 

2019

 

0.40% to 2.75%

 

4,290,709

 

12.12 to 8.83

 

43,690,147

 

2.31%

 

18.44% to 15.64%

 

2018

 

0.40% to 2.80%

 

4,687,087

 

10.23 to 7.60

 

40,790,812

 

1.81%

 

-15.14% to -17.20%

 

2017

 

0.40% to 2.80%

 

5,107,600

 

12.06 to 9.17

 

52,776,198

 

1.53%

 

26.57% to 23.53%

 

2016

 

0.40% to 2.80%

 

4,680,764

 

9.53 to 7.43

 

38,728,376

 

1.94%

 

0.23% to -2.18%

 

2015

 

0.40% to 2.80%

 

4,786,711

 

9.50 to 7.59

 

39,980,311

 

0.29%

 

-3.61% to -5.93%

 

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

 

2019

 

0.40% to 1.40%

 

571,880

 

16.68 to 41.43

 

23,770,709

 

1.03%

 

18.52% to 17.33%

 

2018

 

0.40% to 1.40%

 

644,567

 

14.07 to 35.31

 

22,896,879

 

0.66%

 

-17.29% to -18.12%

 

2017

 

0.40% to 1.40%

 

734,822

 

17.02 to 43.12

 

31,669,137

 

0.50%

 

8.63% to 7.54%

 

2016

 

0.40% to 1.40%

 

827,693

 

15.66 to 40.10

 

33,242,961

 

0.64%

 

25.43% to 24.17%

 

2015

 

0.40% to 1.40%

 

920,025

 

12.49 to 32.29

 

29,770,072

 

0.68%

 

-6.40% to -7.34%

 

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)

 

2019

 

0.40% to 2.85%

 

927,362

 

23.36 to 27.80

 

35,485,822

 

0.87%

 

18.22% to 15.31%

 

2018

 

0.40% to 2.85%

 

987,854

 

19.76 to 24.11

 

32,404,893

 

0.45%

 

-17.46% to -19.50%

 

2017

 

0.40% to 2.85%

 

1,059,738

 

23.94 to 29.95

 

42,566,701

 

0.28%

 

8.32% to 5.66%

 

2016

 

0.40% to 2.85%

 

1,159,257

 

22.10 to 28.35

 

43,560,924

 

0.47%

 

25.11% to 22.04%

 

2015

 

0.40% to 2.75%

 

1,128,122

 

17.66 to 23.53

 

34,331,477

 

0.47%

 

-6.66% to -8.87%

 

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)

 

2019

 

0.40% to 2.85%

 

15,592,346

 

23.32 to 19.99

 

374,098,028

 

0.65%

 

34.24% to 30.94%

 

2018

 

0.40% to 2.85%

 

15,904,781

 

17.37 to 15.27

 

287,097,447

 

0.23%

 

-9.79% to -12.02%

 

2017

 

0.40% to 2.85%

 

16,304,900

 

19.25 to 17.36

 

329,817,513

 

0.71%

 

30.44% to 27.25%

 

2016

 

0.40% to 2.85%

 

16,411,990

 

14.76 to 13.64

 

257,450,632

 

1.51%

 

-0.21% to -2.66%

 

2015

 

0.40% to 2.85%

 

16,378,721

 

14.79 to 14.01

 

260,099,991

 

0.66%

 

6.12% to 3.51%

 

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)

 

2019

 

0.40% to 2.85%

 

24,941,956

 

27.07 to 21.51

 

643,170,424

 

0.35%

 

29.76% to 26.57%

 

2018

 

0.40% to 2.85%

 

25,709,376

 

20.86 to 16.99

 

515,914,129

 

0.30%

 

-1.06% to -3.50%

 

2017

 

0.40% to 2.85%

 

28,116,220

 

21.09 to 17.61

 

575,608,752

 

0.31%

 

27.29% to 24.17%

 

2016

 

0.40% to 2.85%

 

27,107,207

 

16.57 to 14.18

 

441,281,396

 

0.23%

 

8.63% to 5.96%

 

2015

 

0.40% to 2.85%

 

27,464,041

 

15.25 to 13.38

 

416,565,768

 

0.73%

 

6.00% to 3.39%

 

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)

 

2019

 

0.40% to 3.00%

 

175,046,931

 

25.07 to 17.05

 

3,652,605,180

 

1.33%

 

25.16% to 21.90%

 

2018

 

0.40% to 3.00%

 

169,771,107

 

20.03 to 13.99

 

2,852,695,243

 

1.00%

 

-2.58% to -5.14%

 

2017

 

0.40% to 3.00%

 

176,625,407

 

20.56 to 14.75

 

3,074,278,440

 

1.40%

 

21.44% to 18.28%

 

2016

 

0.40% to 3.00%

 

180,180,514

 

16.93 to 12.47

 

2,606,571,152

 

1.21%

 

10.64% to 7.76%

 

2015

 

0.40% to 3.10%

 

165,263,144

 

15.30 to 11.47

 

2,181,652,320

 

0.86%

 

0.68% to -2.05%

 

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)

 

2019

 

0.80% to 1.40%

 

230,954

 

10.31 to 9.96

 

2,309,936

 

22.62%

 

15.62% to 14.92%

 

2018

 

0.80% to 1.40%

 

245,331

 

8.92 to 8.67

 

2,133,871

 

4.09%

 

-17.83% to -18.33%

 

2017

 

0.80% to 1.40%

 

297,403

 

10.85 to 10.61

 

3,164,246

 

2.68%

 

21.94% to 21.21%

 

2016

 

0.80% to 1.40%

 

343,303

 

8.90 to 8.76

 

3,011,220

 

3.00%

 

4.39% to 3.76%

 

2015

 

0.80% to 1.40%

 

394,375

 

8.53 to 8.44

 

3,331,749

 

1.22%

 

-5.88% to -6.45%

 

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class II (GVDIV2)

 

2019

 

0.40% to 2.85%

 

3,212,335

 

10.40 to 13.30

 

52,967,430

 

22.94%

 

15.79% to 12.94%

 

2018

 

0.40% to 2.85%

 

3,238,080

 

8.98 to 11.78

 

46,546,043

 

4.15%

 

-17.67% to -19.71%

 

2017

 

0.40% to 2.85%

 

3,357,520

 

10.91 to 14.67

 

59,286,156

 

2.40%

 

22.05% to 19.05%

 

2016

 

0.40% to 2.85%

 

3,854,051

 

8.94 to 12.32

 

56,323,559

 

2.61%

 

4.56% to 2.00%

 

2015

 

0.40% to 2.85%

 

3,936,869

 

8.55 to 12.08

 

55,722,655

 

1.02%

 

-5.72% to -8.04%

 

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)

 

2019

 

0.40% to 2.80%

 

6,508,380

 

18.77 to 15.95

 

113,046,259

 

0.98%

 

24.46% to 21.46%

 

2018

 

0.40% to 2.80%

 

5,983,119

 

15.08 to 13.14

 

84,445,236

 

1.15%

 

-11.70% to -13.84%

 

2017

 

0.40% to 2.80%

 

5,388,295

 

17.08 to 15.25

 

87,059,918

 

1.01%

 

13.73% to 10.99%

 

2016

 

0.40% to 2.80%

 

3,887,870

 

15.02 to 13.74

 

55,789,584

 

1.21%

 

20.39% to 17.50%

 

2015

 

0.40% to 2.80%

 

3,214,294

 

12.48 to 11.69

 

38,783,835

 

1.30%

 

-5.26% to -7.55%

 

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)

 

2019

 

0.40% to 0.60%

 

211,198

 

13.19 to 13.01

 

2,759,169

 

3.29%

 

20.93% to 20.69%

 

2018

 

0.40% to 0.60%

 

215,853

 

10.91 to 10.78

 

2,333,786

 

3.19%

 

-14.25% to -14.42%

 

2017

 

0.40% to 0.60%

 

107,945

 

12.72 to 12.60

 

1,362,876

 

3.41%

 

24.06% to 23.81%

 

2016

 

0.40% to 0.60%

 

57,766

 

10.25 to 10.18

 

589,297

 

3.45%

 

0.35% to 0.15%

 

2015

 

0.40% to 0.60%

 

29,332

 

10.21 to 10.16

 

298,906

 

3.39%

 

-1.65% to -1.85%

 

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII (GVIX8)

 

2019

 

0.40% to 2.65%

 

9,034,263

 

11.58 to 9.81

 

103,403,145

 

3.26%

 

20.72% to 17.99%

 

2018

 

0.40% to 2.65%

 

8,362,077

 

9.59 to 8.31

 

80,089,453

 

2.43%

 

-14.47% to -16.42%

 

2017

 

0.40% to 2.65%

 

7,174,717

 

11.22 to 9.94

 

81,139,401

 

2.73%

 

23.96% to 21.17%

 

2016

 

0.40% to 2.65%

 

5,900,388

 

9.05 to 8.21

 

54,316,240

 

2.49%

 

0.12% to -2.13%

 

2015

 

0.40% to 2.65%

 

5,462,717

 

9.04 to 8.38

 

50,837,544

 

2.14%

 

-1.78% to -4.00%

 

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

 

2019

 

0.40% to 2.80%

 

6,253,581

 

27.64 to 34.82

 

269,028,856

 

1.35%

 

25.15% to 22.13%

 

2018

 

0.40% to 2.80%

 

6,128,379

 

22.08 to 28.51

 

212,732,342

 

1.34%

 

-11.74% to -13.88%

 

2017

 

0.40% to 2.75%

 

6,064,937

 

25.02 to 33.36

 

241,178,040

 

1.12%

 

15.32% to 12.60%

 

2016

 

0.40% to 2.75%

 

5,547,630

 

21.70 to 29.62

 

193,989,657

 

1.30%

 

19.81% to 16.99%

 

2015

 

0.40% to 2.75%

 

5,257,305

 

18.11 to 25.32

 

155,396,682

 

1.13%

 

-2.92% to -5.21%

 

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class II (GVEX2)

 

2019

 

0.40% to 2.85%

 

42,214,877

 

22.04 to 18.67

 

859,690,531

 

1.96%

 

30.32% to 27.11%

 

2018

 

0.40% to 2.85%

 

39,634,312

 

16.92 to 14.69

 

626,230,873

 

1.58%

 

-5.26% to -7.60%

 

2017

 

0.40% to 2.85%

 

36,584,258

 

17.85 to 15.90

 

616,540,600

 

1.70%

 

20.74% to 17.78%

 

2016

 

0.40% to 2.85%

 

29,882,432

 

14.79 to 13.50

 

421,737,187

 

1.92%

 

10.95% to 8.23%

 

2015

 

0.40% to 2.85%

 

22,546,059

 

13.33 to 12.47

 

290,326,944

 

2.08%

 

0.54% to -1.93%

 

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

 

2019

 

0.40% to 2.95%

 

5,158,120

 

30.58 to 23.50

 

159,314,343

 

1.94%

 

23.24% to 20.08%

 

2018

 

0.60% to 2.95%

 

5,818,163

 

24.34 to 19.57

 

147,546,091

 

1.43%

 

-9.40% to -11.56%

 

2017

 

0.40% to 2.95%

 

6,560,953

 

27.34 to 22.13

 

186,479,931

 

1.52%

 

17.96% to 14.95%

 

2016

 

0.40% to 2.95%

 

7,220,827

 

23.17 to 19.25

 

175,539,717

 

1.59%

 

9.03% to 6.25%

 

2015

 

0.40% to 2.95%

 

8,101,133

 

21.26 to 18.12

 

183,423,552

 

1.36%

 

-1.39% to -3.92%

 

Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)

 

2019

 

0.40% to 2.85%

 

176,138,480

 

13.83 to 12.07

 

2,302,956,756

 

1.84%

 

18.49% to 15.58%

 

2018

 

0.40% to 2.85%

 

153,008,686

 

11.67 to 10.44

 

1,703,853,239

 

1.37%

 

-5.20% to -7.55%

 

2017

 

0.40% to 2.85%

 

126,440,617

 

12.31 to 11.29

 

1,499,418,756

 

2.09%

 

17.08% to 14.21%

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

0.40% to 2.85%

 

96,551,805

 

10.51 to 9.89

 

987,741,851

 

0.00%

 

8.11% to 5.46%

 

2015

 

0.40% to 2.85%

 

62,152,068

 

9.72 to 9.37

 

594,463,401

 

2.53%

 

-2.64% to -5.03%

 

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

 

2019

 

0.40% to 3.05%

 

23,851,697

 

18.90 to 20.90

 

680,301,892

 

2.00%

 

21.34% to 18.11%

 

2018

 

0.40% to 3.05%

 

27,509,783

 

15.57 to 17.69

 

655,533,119

 

1.54%

 

-8.10% to -10.56%

 

2017

 

0.40% to 3.05%

 

31,674,347

 

16.94 to 19.78

 

832,456,412

 

1.58%

 

16.21% to 13.13%

 

2016

 

0.40% to 3.05%

 

35,794,497

 

14.58 to 17.49

 

819,396,754

 

1.71%

 

8.05% to 5.18%

 

2015

 

0.40% to 3.05%

 

40,552,102

 

13.49 to 16.62

 

868,125,115

 

1.39%

 

-1.13% to -3.76%

 

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

 

2019

 

0.40% to 3.00%

 

90,632,346

 

17.88 to 17.66

 

2,089,633,792

 

2.13%

 

17.27% to 14.21%

 

2018

 

0.40% to 3.00%

 

100,698,428

 

15.25 to 15.46

 

2,004,019,494

 

1.76%

 

-6.06% to -8.53%

 

2017

 

0.40% to 3.00%

 

113,080,530

 

16.23 to 16.90

 

2,422,541,268

 

1.73%

 

12.48% to 9.55%

 

2016

 

0.40% to 3.00%

 

122,410,696

 

14.43 to 15.43

 

2,360,915,572

 

1.85%

 

6.72% to 3.94%

 

2015

 

0.40% to 3.00%

 

133,428,382

 

13.52 to 14.84

 

2,440,679,096

 

1.57%

 

-0.73% to -3.32%

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)

 

2019

 

0.40% to 3.00%

 

37,248,051

 

16.40 to 14.63

 

713,356,346

 

2.14%

 

13.03% to 10.08%

 

2018

 

0.40% to 3.00%

 

41,053,128

 

14.51 to 13.29

 

703,386,792

 

1.88%

 

-4.12% to -6.64%

 

2017

 

0.40% to 3.00%

 

44,950,379

 

15.14 to 14.24

 

812,216,637

 

1.82%

 

8.78% to 5.94%

 

2016

 

0.40% to 3.00%

 

48,904,136

 

13.92 to 13.44

 

821,832,274

 

1.93%

 

5.28% to 2.54%

 

2015

 

0.40% to 3.00%

 

50,084,778

 

13.22 to 13.11

 

808,694,181

 

1.65%

 

-0.43% to -3.03%

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)

 

2019

 

0.40% to 2.70%

 

37,616,534

 

15.40 to 12.62

 

581,852,781

 

2.16%

 

9.09% to 6.58%

 

2018

 

0.40% to 2.70%

 

41,086,948

 

14.12 to 11.84

 

587,674,624

 

1.98%

 

-2.20% to -4.47%

 

2017

 

0.40% to 2.80%

 

45,224,620

 

14.43 to 11.97

 

668,524,661

 

1.90%

 

5.26% to 2.73%

 

2016

 

0.60% to 2.80%

 

48,849,367

 

13.50 to 11.65

 

692,459,501

 

1.98%

 

3.64% to 1.35%

 

2015

 

0.60% to 2.80%

 

46,933,158

 

13.03 to 11.49

 

647,698,253

 

1.73%

 

-0.34% to -2.54%

 

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)

 

2019

 

0.40% to 3.00%

 

344,268,967

 

28.74 to 15.86

 

6,765,651,488

 

1.62%

 

20.30% to 17.16%

 

2018

 

0.40% to 3.00%

 

363,160,318

 

23.89 to 13.54

 

5,986,647,628

 

1.18%

 

-5.36% to -7.85%

 

2017

 

0.40% to 3.00%

 

379,710,213

 

25.24 to 14.69

 

6,679,034,798

 

1.10%

 

15.33% to 12.33%

 

2016

 

0.40% to 3.00%

 

385,906,351

 

21.89 to 13.08

 

5,945,846,700

 

1.95%

 

8.56% to 5.74%

 

2015

 

0.40% to 3.10%

 

375,976,645

 

20.16 to 12.25

 

5,391,012,966

 

1.44%

 

0.58% to -2.15%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II (NVCRA2)

 

2019

 

0.40% to 2.70%

 

4,425,266

 

29.59 to 14.37

 

72,133,662

 

2.82%

 

23.46% to 20.61%

 

2018

 

0.40% to 2.70%

 

4,587,657

 

23.96 to 11.91

 

61,099,009

 

1.84%

 

-11.10% to -13.17%

 

2017

 

0.65% to 2.70%

 

4,871,759

 

26.38 to 13.72

 

73,924,018

 

1.25%

 

19.02% to 16.57%

 

2016

 

0.75% to 2.70%

 

5,239,664

 

21.99 to 11.77

 

67,465,921

 

2.34%

 

7.55% to 5.45%

 

2015

 

0.40% to 2.70%

 

5,356,750

 

20.93 to 11.16

 

64,715,621

 

2.80%

 

-2.15% to -4.41%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II (NVCMA2)

 

2019

 

0.40% to 2.75%

 

19,173,402

 

20.18 to 14.03

 

310,244,835

 

2.79%

 

21.74% to 18.87%

 

2018

 

0.40% to 2.75%

 

21,482,129

 

16.58 to 11.80

 

289,247,189

 

1.94%

 

-9.87% to -12.01%

 

2017

 

0.40% to 3.05%

 

24,451,473

 

18.39 to 13.02

 

369,304,104

 

1.46%

 

17.60% to 14.48%

 

2016

 

0.40% to 3.05%

 

27,286,181

 

15.64 to 11.37

 

354,523,164

 

2.56%

 

7.16% to 4.32%

 

2015

 

0.40% to 3.05%

 

29,878,087

 

14.59 to 10.90

 

366,262,797

 

3.03%

 

-1.90% to -4.51%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II (NVCCA2)

 

2019

 

0.40% to 2.95%

 

149,287,227

 

19.62 to 13.48

 

2,397,275,270

 

2.79%

 

19.76% to 16.69%

 

2018

 

0.40% to 2.95%

 

167,139,954

 

16.38 to 11.55

 

2,264,765,326

 

1.97%

 

-8.53% to -10.88%

 

2017

 

0.40% to 2.95%

 

185,428,749

 

17.91 to 12.96

 

2,776,209,980

 

1.62%

 

15.34% to 12.40%

 

2016

 

0.40% to 3.00%

 

200,598,080

 

15.53 to 11.48

 

2,632,282,710

 

2.68%

 

6.89% to 4.11%

 

2015

 

0.40% to 3.00%

 

217,431,242

 

14.52 to 11.02

 

2,697,751,014

 

2.99%

 

-1.72% to -4.29%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II (NVCMD2)

 

2019

 

0.40% to 3.40%

 

152,335,696

 

18.76 to 12.35

 

2,366,315,044

 

2.70%

 

17.67% to 14.13%

 

2018

 

0.40% to 3.40%

 

169,751,666

 

15.94 to 10.82

 

2,264,195,193

 

2.01%

 

-7.46% to -10.26%

 

2017

 

0.40% to 3.40%

 

187,940,542

 

17.22 to 12.06

 

2,738,361,078

 

1.75%

 

13.51% to 10.11%

 

2016

 

0.40% to 3.40%

 

204,434,070

 

15.17 to 10.95

 

2,651,970,663

 

2.67%

 

6.31% to 3.12%

 

2015

 

0.40% to 3.40%

 

218,892,033

 

14.27 to 10.62

 

2,699,910,291

 

2.81%

 

-1.46% to -4.43%

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II (NVCRB2)

 

2019

 

0.40% to 3.10%

 

136,546,286

 

17.82 to 12.29

 

2,043,288,342

 

2.61%

 

15.71% to 12.58%

 

2018

 

0.40% to 3.10%

 

148,478,478

 

15.40 to 10.92

 

1,939,268,123

 

2.19%

 

-6.61% to -9.16%

 

2017

 

0.40% to 3.10%

 

161,832,789

 

16.49 to 12.02

 

2,286,483,422

 

1.86%

 

11.60% to 8.59%

 

2016

 

0.40% to 3.10%

 

170,712,773

 

14.78 to 11.07

 

2,182,783,312

 

2.64%

 

5.68% to 2.83%

 

2015

 

0.40% to 3.10%

 

174,013,314

 

13.98 to 10.76

 

2,126,792,967

 

2.65%

 

-1.45% to -4.13%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II (NVCMC2)

 

2019

 

0.40% to 2.95%

 

49,936,654

 

17.02 to 12.07

 

719,567,509

 

2.57%

 

13.84% to 10.93%

 

2018

 

0.40% to 2.95%

 

55,035,016

 

14.95 to 10.88

 

703,698,360

 

2.16%

 

-5.15% to -7.59%

 

2017

 

0.40% to 2.95%

 

60,127,400

 

15.76 to 11.78

 

819,027,614

 

1.88%

 

9.45% to 6.65%

 

2016

 

0.40% to 2.95%

 

65,146,020

 

14.40 to 11.04

 

819,439,987

 

2.59%

 

5.57% to 2.88%

 

2015

 

0.40% to 2.95%

 

68,111,828

 

13.64 to 10.73

 

819,912,745

 

2.47%

 

-1.46% to -3.98%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II (NVCCN2)

 

2019

 

0.40% to 2.85%

 

47,160,771

 

15.90 to 11.09

 

617,094,844

 

2.48%

 

10.23% to 7.52%

 

2018

 

0.40% to 2.85%

 

50,580,027

 

14.43 to 10.32

 

605,610,214

 

2.15%

 

-3.00% to -5.40%

 

2017

 

0.40% to 2.85%

 

55,841,512

 

14.87 to 10.90

 

696,634,215

 

2.03%

 

5.93% to 3.34%

 

2016

 

0.40% to 2.85%

 

60,815,023

 

14.04 to 10.55

 

723,035,083

 

2.47%

 

4.20% to 1.64%

 

2015

 

0.40% to 2.85%

 

61,515,066

 

13.47 to 10.38

 

708,882,876

 

2.11%

 

-1.13% to -3.56%

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)

 

2019

 

0.40% to 2.95%

 

82,100,866

 

20.75 to 15.74

 

1,523,490,816

 

2.18%

 

14.88% to 11.94%

 

2018

 

0.40% to 2.95%

 

87,424,198

 

18.06 to 14.06

 

1,425,937,414

 

1.89%

 

-5.23% to -7.67%

 

2017

 

0.40% to 2.95%

 

92,168,347

 

19.06 to 15.23

 

1,602,315,736

 

1.84%

 

10.69% to 7.86%

 

2016

 

0.40% to 2.95%

 

94,544,701

 

17.22 to 14.12

 

1,499,704,435

 

1.99%

 

5.88% to 3.18%

 

2015

 

0.40% to 2.95%

 

87,448,829

 

16.26 to 13.68

 

1,323,221,002

 

1.76%

 

-0.57% to -3.12%

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)

 

2019

 

0.40% to 2.65%

 

62,012,665

 

25.28 to 19.81

 

1,397,418,551

 

2.05%

 

19.46% to 16.76%

 

2018

 

0.40% to 2.65%

 

68,870,094

 

21.16 to 16.97

 

1,312,150,957

 

1.65%

 

-6.85% to -8.96%

 

2017

 

0.40% to 2.65%

 

75,042,840

 

22.72 to 18.64

 

1,551,449,320

 

1.66%

 

14.35% to 11.78%

 

2016

 

0.40% to 2.65%

 

79,973,616

 

19.86 to 16.67

 

1,461,461,049

 

1.80%

 

7.31% to 4.89%

 

2015

 

0.40% to 2.65%

 

83,811,605

 

18.51 to 15.90

 

1,442,283,040

 

1.55%

 

-0.93% to -3.17%

 

Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II (NVLM2)

 

2019

 

0.40% to 2.50%

 

1,309,996

 

14.69 to 12.75

 

17,489,384

 

1.68%

 

17.04% to 14.58%

 

2018

 

0.40% to 2.50%

 

1,200,259

 

12.55 to 11.13

 

13,865,261

 

1.85%

 

-8.19% to -10.14%

 

2017

 

0.40% to 2.50%

 

696,475

 

13.67 to 12.38

 

8,938,477

 

1.42%

 

13.38% to 10.99%

 

2016

 

0.40% to 2.45%

 

612,499

 

12.06 to 11.18

 

7,018,150

 

1.38%

 

8.33% to 6.11%

 

2015

 

0.40% to 2.40%

 

474,175

 

11.13 to 10.55

 

5,086,004

 

3.11%

 

-2.15% to -4.12%

 

Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)

 

2019

 

0.40% to 2.55%

 

1,555,557

 

15.71 to 13.58

 

22,706,372

 

1.93%

 

19.29% to 16.71%

 

2018

 

0.40% to 2.55%

 

1,144,692

 

13.17 to 11.64

 

14,081,019

 

1.96%

 

-10.55% to -12.49%

 

2017

 

0.40% to 2.55%

 

740,582

 

14.72 to 13.30

 

10,290,649

 

2.44%

 

17.41% to 14.89%

 

2016

 

1.15% to 2.40%

 

320,782

 

12.20 to 11.64

 

3,833,860

 

1.84%

 

10.11% to 8.72%

 

2015

 

1.30% to 2.40%

 

170,818

 

11.03 to 10.71

 

1,861,135

 

5.84%

 

-4.42% to -5.48%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II (NCPG2)

 

2019

 

0.40% to 2.85%

 

99,738,845

 

13.88 to 11.76

 

1,290,791,219

 

2.56%

 

14.95% to 12.13%

 

2018

 

0.40% to 2.85%

 

102,058,787

 

12.08 to 10.49

 

1,160,290,390

 

1.95%

 

-7.45% to -9.74%

 

2017

 

0.40% to 2.85%

 

100,871,469

 

13.05 to 11.62

 

1,251,039,482

 

1.67%

 

17.32% to 14.44%

 

2016

 

0.40% to 2.85%

 

98,053,986

 

11.12 to 10.15

 

1,047,139,959

 

2.40%

 

5.79% to 3.19%

 

2015

 

0.40% to 2.85%

 

91,651,481

 

10.51 to 9.84

 

935,119,776

 

1.21%

 

-5.26% to -7.59%

 

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II (NCPGI2)

 

2019

 

0.40% to 2.85%

 

46,655,575

 

13.35 to 11.30

 

580,249,932

 

2.48%

 

13.40% to 10.61%

 

2018

 

0.40% to 2.85%

 

47,957,987

 

11.77 to 10.22

 

531,181,200

 

2.09%

 

-7.39% to -9.68%

 

2017

 

0.40% to 2.85%

 

49,134,469

 

12.71 to 11.32

 

593,599,285

 

1.71%

 

14.31% to 11.50%

 

2016

 

0.40% to 2.85%

 

49,115,359

 

11.12 to 10.15

 

524,456,631

 

2.38%

 

5.14% to 2.56%

 

2015

 

0.40% to 2.85%

 

45,300,352

 

10.57 to 9.89

 

464,991,727

 

1.31%

 

-4.68% to -7.02%

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)

 

2019

 

0.40% to 2.85%

 

84,974,755

 

13.97 to 11.83

 

1,108,144,785

 

2.18%

 

14.79% to 11.96%

 

2018

 

0.40% to 2.85%

 

85,245,155

 

12.17 to 10.57

 

977,724,910

 

1.79%

 

-6.43% to -8.75%

 

2017

 

0.40% to 2.85%

 

82,410,823

 

13.01 to 11.58

 

1,019,974,342

 

1.72%

 

16.50% to 13.64%

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

0.40% to 2.85%

 

77,549,916

 

11.17 to 10.19

 

832,143,425

 

1.82%

 

6.52% to 3.91%

 

2015

 

0.40% to 2.85%

 

65,985,280

 

10.48 to 9.81

 

671,610,820

 

1.87%

 

-4.34% to -6.69%

 

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)

 

2019

 

0.40% to 2.85%

 

38,077,091

 

13.34 to 11.30

 

473,812,981

 

2.21%

 

12.55% to 9.78%

 

2018

 

0.40% to 2.85%

 

38,304,461

 

11.86 to 10.29

 

427,640,894

 

1.87%

 

-6.00% to -8.33%

 

2017

 

0.40% to 2.85%

 

38,456,865

 

12.61 to 11.23

 

461,308,267

 

1.78%

 

13.58% to 10.79%

 

2016

 

0.40% to 2.85%

 

37,537,776

 

11.11 to 10.14

 

400,604,316

 

1.85%

 

5.29% to 2.70%

 

2015

 

0.40% to 2.85%

 

33,773,880

 

10.55 to 9.87

 

345,921,135

 

1.67%

 

-3.63% to -6.00%

 

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)

 

2019

 

0.40% to 2.90%

 

5,359,460

 

11.17 to 8.11

 

62,808,951

 

1.93%

 

3.27% to 0.68%

 

2018

 

0.40% to 2.90%

 

6,261,593

 

10.82 to 8.06

 

71,476,654

 

1.53%

 

0.61% to -1.92%

 

2017

 

0.40% to 2.90%

 

7,094,458

 

10.75 to 8.22

 

81,907,897

 

1.44%

 

0.49% to -2.03%

 

2016

 

0.40% to 2.90%

 

7,701,381

 

10.70 to 8.39

 

88,811,356

 

1.13%

 

0.82% to -1.71%

 

2015

 

0.40% to 2.90%

 

8,637,198

 

10.61 to 8.53

 

99,694,654

 

1.36%

 

-0.22% to -2.72%

 

Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)

 

2019

 

1.25% to 2.25%

 

7,137

 

17.36 to 14.95

 

116,470

 

0.15%

 

26.09% to 24.81%

 

2018

 

1.25% to 2.25%

 

8,216

 

13.77 to 11.98

 

106,639

 

0.12%

 

-18.00% to -18.83%

 

2017

 

1.15% to 2.25%

 

15,424

 

17.01 to 14.76

 

248,183

 

1.09%

 

25.31% to 23.92%

 

2016

 

1.50% to 2.25%

 

7,651

 

13.02 to 11.91

 

95,716

 

0.53%

 

-3.28% to -4.02%

 

2015

 

1.50% to 2.25%

 

7,363

 

13.46 to 12.41

 

96,067

 

1.00%

 

0.00% to -0.76%

 

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)

 

2019

 

0.80% to 2.50%

 

72,408

 

14.91 to 37.78

 

3,157,985

 

0.00%

 

31.42% to 29.17%

 

2018

 

0.80% to 2.50%

 

75,180

 

11.35 to 29.25

 

2,533,406

 

0.00%

 

-7.31% to -8.91%

 

2017

 

0.80% to 2.50%

 

91,628

 

12.24 to 32.11

 

3,318,695

 

0.00%

 

23.57% to 21.46%

 

2016

 

0.80% to 2.50%

 

82,950

 

9.91 to 26.44

 

2,432,375

 

0.00%

 

3.33% to 1.56%

 

2015

 

0.80% to 2.50%

 

108,418

 

9.59 to 26.03

 

3,145,377

 

0.00%

 

-4.12% to -1.53%

****

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

 

2019

 

0.80% to 2.35%

 

446,891

 

32.22 to 30.27

 

15,844,032

 

0.41%

 

24.88% to 22.93%

 

2018

 

0.80% to 2.35%

 

512,948

 

25.80 to 24.63

 

14,641,239

 

0.46%

 

-6.48% to -7.95%

 

2017

 

0.80% to 2.35%

 

620,643

 

27.59 to 26.76

 

19,084,309

 

0.50%

 

17.48% to 15.65%

 

2016

 

0.80% to 2.65%

 

731,358

 

23.49 to 22.18

 

19,228,044

 

0.66%

 

8.99% to 6.96%

 

2015

 

0.80% to 2.65%

 

879,767

 

21.55 to 20.74

 

21,369,110

 

0.54%

 

-1.26% to -3.10%

 

Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 4 (NOTB4)

 

2019

 

1.30% to 2.55%

 

851,617

 

12.13 to 11.07

 

10,056,420

 

1.92%

 

12.69% to 11.26%

 

2018

 

1.30% to 2.55%

 

925,125

 

10.77 to 9.95

 

9,728,895

 

1.29%

 

-7.63% to -8.81%

 

2017

 

1.30% to 2.55%

 

1,009,768

 

11.66 to 10.91

 

11,532,572

 

1.17%

 

8.81% to 7.44%

 

2016

 

1.30% to 2.80%

 

1,100,769

 

10.71 to 9.62

 

11,591,799

 

0.91%

 

4.44% to 2.86%

 

2015

 

1.30% to 2.80%

 

1,241,805

 

10.26 to 9.36

 

12,569,710

 

1.16%

 

-6.01% to -7.44%

 

Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 4 (NOTG4)

 

2019

 

1.30% to 2.50%

 

407,232

 

12.96 to 11.87

 

5,078,242

 

1.36%

 

15.12% to 13.72%

 

2018

 

1.30% to 2.50%

 

443,562

 

11.26 to 10.44

 

4,832,206

 

0.76%

 

-10.28% to -11.37%

 

2017

 

1.30% to 2.50%

 

908,323

 

12.55 to 11.78

 

11,186,391

 

1.29%

 

15.81% to 14.41%

 

2016

 

1.30% to 2.50%

 

957,595

 

10.83 to 10.30

 

10,223,761

 

1.34%

 

3.79% to 2.53%

 

2015

 

1.30% to 2.50%

 

1,049,821

 

10.44 to 10.04

 

10,832,301

 

1.56%

 

-10.56% to -11.64%

 

Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 4 (NOTMG4)

 

2019

 

1.30% to 2.85%

 

597,271

 

12.94 to 10.81

 

7,455,381

 

1.80%

 

14.38% to 12.58%

 

2018

 

1.30% to 2.85%

 

629,849

 

11.32 to 9.60

 

6,905,389

 

1.24%

 

-8.82% to -10.26%

 

2017

 

1.30% to 2.85%

 

706,332

 

12.41 to 10.70

 

8,535,354

 

1.24%

 

12.14% to 10.39%

 

2016

 

1.15% to 2.85%

 

764,557

 

11.14 to 9.69

 

8,281,252

 

1.11%

 

4.63% to 2.84%

 

2015

 

1.15% to 2.85%

 

862,211

 

10.64 to 9.42

 

8,995,509

 

1.26%

 

-7.75% to -9.33%

 

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)

 

2019

 

0.40% to 2.85%

 

6,714,306

 

10.71 to 9.78

 

69,148,806

 

2.37%

 

2.29% to -0.23%

 

2018

 

0.40% to 2.85%

 

4,846,128

 

10.48 to 9.80

 

49,347,196

 

2.12%

 

1.02% to -1.48%

 

2017

 

0.40% to 2.85%

 

2,423,474

 

10.37 to 9.95

 

24,681,162

 

1.63%

 

1.90% to -0.60%

 

2016

 

0.40% to 2.50%

 

944,987

 

10.18 to 10.03

 

9,541,193

 

0.94%

 

1.76% to 0.32%

****

PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)

 

2019

 

0.40%

 

23,677

 

10.86

 

257,017

 

3.31%

 

8.03%

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

0.40%

 

1,696

 

10.05

 

17,043

 

0.43%

 

0.49%

****

PIMCO Variable Insurance Trust - Real Return Portfolio - Advisor Class (PMVRA)

 

2019

 

0.40% to 0.60%

 

26,395

 

10.08 to 9.95

 

265,577

 

1.59%

 

7.89% to 7.68%

 

2018

 

0.40% to 0.60%

 

25,651

 

9.34 to 9.24

 

239,192

 

2.32%

 

-2.70% to -2.90%

 

2017

 

0.40% to 0.60%

 

18,070

 

9.60 to 9.51

 

173,164

 

2.24%

 

3.15% to 2.94%

 

2016

 

0.40% to 0.60%

 

17,059

 

9.31 to 9.24

 

158,754

 

2.17%

 

4.66% to 4.45%

 

2015

 

0.40% to 0.60%

 

15,317

 

8.90 to 8.85

 

136,240

 

5.77%

 

-3.19% to -3.38%

 

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)

 

2019

 

0.40% to 0.60%

 

53,592

 

12.72 to 12.55

 

678,593

 

1.76%

 

6.58% to 6.37%

 

2018

 

0.40% to 0.60%

 

52,907

 

11.93 to 11.80

 

628,907

 

1.41%

 

1.71% to 1.50%

 

2017

 

0.40% to 0.60%

 

11,528

 

11.73 to 11.62

 

135,131

 

5.13%

 

2.35% to 2.15%

 

2016

 

0.40%

 

10,635

 

11.46

 

121,889

 

1.40%

 

6.06%

 

2015

 

0.40% to 0.60%

 

12,103

 

10.81 to 10.75

 

130,620

 

3.29%

 

-0.11% to -0.31%

 

PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)

 

2019

 

0.40% to 0.60%

 

5,450

 

10.50 to 10.47

 

57,094

 

4.33%

 

4.41% to 4.20%

 

2018

 

0.40% to 0.60%

 

5,377

 

10.06 to 10.04

 

54,032

 

1.57%

 

0.58% to 0.44%

****

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)

 

2019

 

0.40% to 2.80%

 

3,633,506

 

11.69 to 10.65

 

42,412,486

 

2.81%

 

11.30% to 8.62%

 

2018

 

0.40% to 2.75%

 

3,832,626

 

10.50 to 9.84

 

40,668,162

 

3.02%

 

-5.83% to -8.06%

 

2017

 

0.40% to 2.75%

 

4,156,552

 

11.15 to 10.70

 

47,412,110

 

4.52%

 

12.93% to 10.27%

 

2016

 

0.40% to 2.75%

 

4,281,948

 

9.88 to 9.70

 

43,779,732

 

2.51%

 

12.45% to 9.81%

 

2015

 

0.40% to 2.75%

 

4,507,663

 

8.78 to 8.84

 

41,502,382

 

3.17%

 

-9.55% to -11.69%

 

PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)

 

2019

 

0.40% to 2.75%

 

1,330,616

 

13.33 to 10.33

 

15,596,010

 

1.90%

 

6.49% to 3.98%

 

2018

 

0.40% to 2.75%

 

1,483,969

 

12.52 to 9.94

 

16,536,038

 

4.83%

 

-4.46% to -6.73%

 

2017

 

0.40% to 2.75%

 

1,504,589

 

13.10 to 10.65

 

17,756,763

 

1.47%

 

10.29% to 7.70%

 

2016

 

0.40% to 2.75%

 

1,723,219

 

11.88 to 9.89

 

18,641,304

 

1.10%

 

2.49% to 0.08%

 

2015

 

0.40% to 2.75%

 

1,869,995

 

11.59 to 9.88

 

20,050,860

 

1.41%

 

-7.55% to -9.73%

 

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)

 

2019

 

0.40% to 2.90%

 

33,581,573

 

12.80 to 9.76

 

382,289,769

 

2.66%

 

3.51% to 0.91%

 

2018

 

0.40% to 2.90%

 

35,595,616

 

12.36 to 9.67

 

395,408,156

 

1.81%

 

-0.17% to -2.69%

 

2017

 

0.40% to 2.90%

 

36,607,998

 

12.39 to 9.94

 

411,665,133

 

1.24%

 

0.85% to -1.68%

 

2016

 

0.40% to 2.95%

 

37,135,940

 

12.28 to 10.07

 

418,563,527

 

1.39%

 

0.90% to -1.68%

 

2015

 

0.40% to 2.95%

 

36,964,975

 

12.17 to 10.24

 

417,352,491

 

3.37%

 

-0.19% to -2.75%

 

PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class (PMVTRD)

 

2019

 

0.40% to 2.85%

 

31,717,096

 

12.64 to 10.18

 

363,477,084

 

2.90%

 

7.81% to 5.16%

 

2018

 

0.40% to 2.85%

 

34,163,917

 

11.72 to 9.68

 

366,647,370

 

2.44%

 

-1.03% to -3.48%

 

2017

 

0.40% to 2.85%

 

32,295,222

 

11.84 to 10.03

 

354,159,256

 

1.93%

 

4.40% to 1.84%

 

2016

 

0.40% to 2.85%

 

30,683,591

 

11.34 to 9.85

 

325,826,434

 

1.98%

 

2.17% to -0.33%

 

2015

 

0.40% to 2.85%

 

29,606,252

 

11.10 to 9.88

 

311,201,240

 

4.92%

 

-0.07% to -2.52%

 

PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)

 

2019

 

0.40% to 0.60%

 

20,926

 

5.91 to 5.83

 

123,184

 

4.29%

 

10.91% to 10.68%

 

2018

 

0.40% to 0.60%

 

22,048

 

5.33 to 5.27

 

117,213

 

2.02%

 

-14.55% to -14.72%

 

2017

 

0.40% to 0.60%

 

15,330

 

6.24 to 6.18

 

95,488

 

10.92%

 

1.64% to 1.44%

 

2016

 

0.40% to 0.60%

 

12,213

 

6.14 to 6.09

 

74,957

 

1.02%

 

14.41% to 14.18%

 

2015

 

0.40% to 0.60%

 

11,828

 

5.37 to 5.34

 

63,449

 

4.21%

 

-25.96% to -26.11%

 

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)

 

2019

 

0.40% to 2.55%

 

1,163,994

 

12.07 to 10.44

 

12,978,458

 

4.32%

 

14.19% to 11.73%

 

2018

 

0.40% to 2.50%

 

1,107,456

 

10.57 to 9.37

 

10,939,981

 

4.02%

 

-5.21% to -7.22%

 

2017

 

0.40% to 2.45%

 

1,173,838

 

11.15 to 10.12

 

12,388,382

 

4.93%

 

9.34% to 7.10%

 

2016

 

0.40% to 2.45%

 

804,800

 

10.20 to 9.45

 

7,844,517

 

5.19%

 

12.76% to 10.45%

 

2015

 

0.40% to 2.50%

 

529,314

 

9.05 to 8.55

 

4,624,115

 

5.22%

 

-2.76% to -4.81%

 

PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)

 

2019

 

0.40% to 0.60%

 

19,301

 

13.36 to 13.18

 

256,990

 

4.85%

 

14.15% to 13.92%

 

2018

 

0.40% to 0.60%

 

20,123

 

11.70 to 11.57

 

234,817

 

4.96%

 

-3.14% to -3.34%

 

2017

 

0.40% to 0.60%

 

11,334

 

12.08 to 11.97

 

136,781

 

4.62%

 

6.09% to 5.88%

 

2016

 

0.40% to 0.60%

 

29,352

 

11.39 to 11.31

 

334,267

 

5.15%

 

11.91% to 11.68%

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

0.40% to 0.60%

 

8,419

 

10.18 to 10.12

 

85,656

 

4.24%

 

-2.16% to -2.36%

 

Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)

 

2019

 

0.60% to 2.10%

 

222,349

 

11.95 to 12.81

 

2,895,953

 

1.96%

 

29.62% to 27.67%

 

2018

 

0.95% to 2.10%

 

215,922

 

10.23 to 10.04

 

2,191,798

 

0.66%

 

-9.36% to -10.42%

 

2017

 

1.05% to 2.10%

 

168,534

 

11.28 to 11.20

 

1,896,326

 

0.00%

 

12.83% to 12.04%

****

Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)

 

2019

 

0.95% to 2.45%

 

208,365

 

18.45 to 17.50

 

3,782,197

 

0.12%

 

35.44% to 33.39%

 

2018

 

0.95% to 2.45%

 

160,245

 

13.62 to 13.12

 

2,159,663

 

0.00%

 

1.40% to -0.14%

 

2017

 

0.95% to 2.20%

 

124,428

 

13.43 to 13.19

 

1,659,378

 

0.09%

 

29.66% to 28.03%

 

2016

 

0.95% to 2.20%

 

98,505

 

10.36 to 10.30

 

1,018,101

 

0.00%

 

3.58% to 2.98%

****

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)

 

2019

 

1.15% to 2.85%

 

889,855

 

22.15 to 16.59

 

18,098,499

 

1.22%

 

23.71% to 21.59%

 

2018

 

1.15% to 2.85%

 

412,873

 

17.91 to 13.64

 

6,930,959

 

1.23%

 

-20.05% to -21.43%

 

2017

 

1.15% to 2.85%

 

238,311

 

22.40 to 17.37

 

4,984,087

 

1.69%

 

25.13% to 22.98%

 

2016

 

1.15% to 2.85%

 

96,688

 

17.90 to 14.12

 

1,605,654

 

0.87%

 

-3.57% to -5.23%

 

2015

 

1.15% to 2.05%

 

11,987

 

18.56 to 16.53

 

211,545

 

1.27%

 

-1.01% to -1.91%

 

Mutual Fund and Variable Insurance Trust - Rational Insider Buying VA Fund (HVSIT)

 

2019

 

0.40% to 2.55%

 

814,651

 

23.86 to 19.54

 

17,482,244

 

0.00%

 

23.51% to 20.84%

 

2018

 

0.40% to 2.55%

 

898,461

 

19.32 to 16.17

 

15,775,103

 

0.63%

 

-7.55% to -9.56%

 

2017

 

0.40% to 2.55%

 

1,110,094

 

20.90 to 17.88

 

21,345,191

 

0.55%

 

17.05% to 14.53%

 

2016

 

0.40% to 2.55%

 

1,272,457

 

17.86 to 15.61

 

21,151,245

 

0.61%

 

10.56% to 8.18%

 

2015

 

0.40% to 2.55%

 

1,378,482

 

16.15 to 14.43

 

20,959,247

 

0.51%

 

-7.54% to -9.54%

 

Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)

 

2019

 

0.40% to 0.60%

 

17,421

 

15.56 to 15.35

 

270,882

 

0.69%

 

18.19% to 17.95%

 

2018

 

0.40% to 0.60%

 

17,884

 

13.17 to 13.02

 

235,295

 

0.59%

 

-8.71% to -8.89%

 

2017

 

0.40% to 0.60%

 

26,309

 

14.42 to 14.29

 

379,276

 

0.97%

 

4.96% to 4.75%

 

2016

 

0.40% to 0.60%

 

24,702

 

13.74 to 13.64

 

339,279

 

1.95%

 

20.48% to 20.23%

 

2015

 

0.40% to 0.60%

 

25,239

 

11.41 to 11.34

 

287,775

 

0.73%

 

-12.15% to -12.33%

 

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)

 

2019

 

0.40% to 2.85%

 

6,515,519

 

48.47 to 38.10

 

281,656,169

 

0.00%

 

28.12% to 24.96%

 

2018

 

0.40% to 2.85%

 

7,141,535

 

37.83 to 30.49

 

243,790,188

 

0.00%

 

0.45% to -2.03%

 

2017

 

0.40% to 2.85%

 

7,441,709

 

37.66 to 31.12

 

255,692,808

 

0.00%

 

26.80% to 23.69%

 

2016

 

0.40% to 2.85%

 

7,778,961

 

29.70 to 25.16

 

213,291,589

 

0.00%

 

-11.07% to -13.25%

 

2015

 

0.40% to 2.85%

 

9,260,603

 

33.40 to 29.01

 

289,485,338

 

0.00%

 

12.02% to 9.27%

 

VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

 

2019

 

0.40% to 0.60%

 

20,955

 

12.23 to 12.19

 

256,083

 

0.00%

 

38.19% to 37.91%

****

VanEck VIP Trust - Global Hard Assets Fund: Class S (VWHAS)

 

2019

 

0.40% to 2.85%

 

4,531,754

 

6.69 to 5.16

 

25,916,249

 

0.00%

 

11.10% to 8.37%

 

2018

 

0.40% to 2.55%

 

4,611,558

 

6.02 to 4.86

 

23,971,126

 

0.00%

 

-28.71% to -30.26%

 

2017

 

0.40% to 2.85%

 

4,333,652

 

8.45 to 6.85

 

31,995,322

 

0.00%

 

-2.36% to -4.76%

 

2016

 

0.40% to 2.85%

 

5,646,906

 

8.65 to 7.19

 

43,116,182

 

0.29%

 

42.84% to 39.34%

 

2015

 

0.40% to 2.80%

 

3,711,701

 

6.06 to 5.17

 

20,106,760

 

0.03%

 

-33.89% to -35.49%

 

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

 

2019

 

0.80% to 1.40%

 

253,821

 

21.20 to 20.79

 

6,133,783

 

0.34%

 

11.72% to 11.04%

 

2018

 

0.80% to 1.40%

 

288,142

 

18.98 to 18.72

 

6,272,880

 

7.69%

 

-6.89% to -7.46%

 

2017

 

0.80% to 1.40%

 

311,850

 

20.38 to 20.23

 

7,360,076

 

2.34%

 

11.35% to 10.68%

 

2016

 

0.80% to 1.40%

 

344,888

 

18.30 to 18.28

 

7,379,166

 

0.00%

 

5.57% to 4.94%

 

2015

 

0.80% to 1.40%

 

391,393

 

17.34 to 17.42

 

7,975,891

 

6.65%

 

-13.78% to -14.30%

 

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

 

2019

 

0.80% to 1.40%

 

493,694

 

35.44 to 30.82

 

15,492,202

 

0.46%

 

29.55% to 28.77%

 

2018

 

0.80% to 1.40%

 

546,069

 

27.36 to 23.94

 

13,296,936

 

0.32%

 

-24.10% to -24.56%

 

2017

 

0.80% to 1.40%

 

650,129

 

36.05 to 31.73

 

20,971,090

 

0.41%

 

49.83% to 48.93%

 

2016

 

0.80% to 1.40%

 

699,218

 

24.06 to 21.31

 

15,129,566

 

0.48%

 

-0.70% to -1.30%

 

2015

 

0.80% to 1.40%

 

809,875

 

24.23 to 21.59

 

17,743,844

 

0.57%

 

-14.68% to -15.20%

 

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

 

2019

 

0.80% to 2.35%

 

597,024

 

27.05 to 5.52

 

10,480,871

 

0.00%

 

10.97% to 9.24%

 

2018

 

0.80% to 2.40%

 

689,947

 

24.37 to 5.04

 

10,676,012

 

0.00%

 

-28.85% to -30.01%

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

 

 

Contract

Expense

Rate*

 

Units

 

Unit

Fair

Value

 

Contract

Owners’

Equity

 

Investment

Income Ratio**

 

Total

Return***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

0.75% to 2.45%

 

822,612

 

7.91 to 7.17

 

17,814,098

 

0.00%

 

-2.43% to -4.10%

 

2016

 

0.75% to 2.45%

 

968,351

 

8.11 to 7.48

 

21,408,506

 

0.41%

 

42.64% to 40.20%

 

2015

 

0.75% to 2.75%

 

1,147,129

 

5.69 to 5.28

 

17,634,850

 

0.03%

 

-33.95% to -35.28%

 

Victory Variable Insurance Funds - Diversified Stock Fund: Class A Shares (VYDS)

 

2019

 

1.15% to 1.35%

 

5,849

 

28.41 to 27.49

 

162,425

 

0.54%

 

26.91% to 26.65%

 

2018

 

1.15% to 1.35%

 

5,933

 

22.39 to 21.70

 

129,994

 

0.42%

 

-14.31% to -14.48%

 

2017

 

1.15% to 1.35%

 

7,477

 

26.13 to 25.38

 

191,617

 

0.68%

 

25.01% to 24.75%

 

2016

 

1.15% to 1.35%

 

8,424

 

20.90 to 20.34

 

173,052

 

1.00%

 

2.70% to 2.50%

 

2015

 

1.15% to 1.35%

 

18,880

 

20.35 to 19.85

 

378,872

 

0.57%

 

-4.23% to -4.42%

 

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A (VRVDRA)

 

2019

 

0.40% to 2.40%

 

188,313

 

10.86 to 10.71

 

1,687,024

 

3.33%

 

8.60% to 7.14%

****

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

 

2019

 

0.40% to 2.75%

 

2,719,852

 

40.52 to 29.78

 

96,591,484

 

0.00%

 

24.33% to 21.40%

 

2018

 

0.40% to 2.85%

 

2,983,354

 

32.59 to 24.17

 

86,150,917

 

0.00%

 

0.90% to -1.60%

 

2017

 

0.40% to 2.85%

 

2,937,303

 

32.30 to 24.57

 

84,900,413

 

0.00%

 

25.36% to 22.28%

 

2016

 

0.40% to 2.85%

 

2,939,252

 

25.76 to 20.09

 

68,560,466

 

0.00%

 

7.32% to 4.68%

 

2015

 

0.40% to 2.85%

 

3,360,935

 

24.01 to 19.19

 

73,872,903

 

0.00%

 

-3.27% to -5.65%

 

Wells Fargo Variable Trust - VT Omega Growth Fund: Class 2 (WFVOG2)

 

2019

 

1.40% to 1.75%

 

403

 

34.57 to 33.43

 

13,839

 

0.00%

 

35.13% to 34.65%

 

2018

 

1.40% to 1.75%

 

850

 

25.59 to 24.83

 

21,663

 

0.00%

 

-1.14% to -1.49%

 

2017

 

1.40% to 1.75%

 

850

 

25.88 to 25.20

 

21,922

 

0.01%

 

32.72% to 32.25%

 

2016

 

1.40% to 1.75%

 

850

 

19.50 to 19.06

 

16,525

 

0.00%

 

-0.89% to -1.24%

 

2015

 

1.15% to 1.75%

 

1,680

 

19.95 to 19.30

 

33,009

 

0.00%

 

0.18% to -0.43%

 

Nationwide Variable Insurance Trust - NVIT Growth Fund: Class I (CAF)

 

2015

 

0.40% to 1.40%

 

1,160,643

 

13.76 to 27.09

 

34,653,285

 

0.34%

 

4.25% to 3.20%

 

Nationwide Variable Insurance Trust - NVIT Growth Fund: Class II (CAF2)

 

2015

 

0.40% to 2.75%

 

4,058,798

 

15.34 to 13.72

 

58,924,357

 

0.51%

 

3.95% to 1.49%

 

Federated Insurance Series - Federated Managed Tail Risk Fund II: Service Shares (FCA2S)

 

2017

 

0.95% to 2.25%

 

40,251

 

14.05 to 13.73

 

618,423

 

1.34%

 

9.62% to 8.19%

 

2016

 

0.95% to 2.25%

 

43,051

 

12.82 to 12.69

 

605,853

 

1.53%

 

-5.39% to -6.62%

 

2015

 

0.95% to 2.25%

 

52,107

 

13.55 to 13.59

 

780,232

 

1.57%

 

-7.32% to -8.54%

 

Franklin Templeton Variable Insurance Products Trust - Franklin High Income VIP Fund: Class 2 (FTVHI2)

 

2016

 

0.40% to 0.60%

 

19,397

 

10.74 to 10.66

 

207,191

 

6.75%

 

16.48% to 16.25%

 

2015

 

0.40% to 0.60%

 

16,935

 

9.22 to 9.17

 

155,574

 

2.28%

 

-9.49% to -9.67%

 

Goldman Sachs Variable Insurance Trust - Goldman Sachs Strategic Income Fund: Advisor Shares (GVSIA)

 

2017

 

0.40%

 

1,343

 

9.62

 

12,919

 

0.69%

 

-2.71%

 

2016

 

0.40%

 

770

 

9.89

 

7,614

 

2.04%

 

0.34%

 

2015

 

0.40%

 

770

 

9.85

 

7,588

 

0.87%

 

-1.45%

****

Putnam Variable Trust - Putnam VT Growth & Income Fund: Class IB (PVGIB)

 

2016

 

1.05% to 2.10%

 

77,968

 

20.58 to 19.56

 

1,664,605

 

1.84%

 

13.81% to 12.61%

 

2015

 

1.05% to 2.45%

 

104,940

 

18.08 to 16.60

 

1,965,355

 

1.87%

 

-8.50% to -9.79%

 

Putnam Variable Trust - Putnam VT Voyager Fund: Class IB (PVTVB)

 

2015

 

0.95% to 2.20%

 

55,063

 

20.48 to 19.13

 

1,160,971

 

1.25%

 

-7.00% to -8.18%

 

Wells Fargo Variable Trust - VT Total Return Bond Fund: Class 2 (WFVTRB)

 

2015

 

1.15% to 1.25%

 

21,348

 

14.46 to 14.30

 

305,653

 

1.28%

 

-1.02% to -1.12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

Reserves for annuity contracts in payout phase:

$

14,183,312

 

2019

Contract Owners’ Equity:

$

55,490,273,506

 

2018

Reserves for annuity contracts in payout phase:

$

11,069,590

 

2018

Contract Owners’ Equity:

$

48,895,196,042

 

2017

Reserves for annuity contracts in payout phase:

$

10,580,370

 

2017

Contract Owners’ Equity:

$

54,201,450,452

 

2016

Reserves for annuity contracts in payout phase:

$

9,930,422

 

2016

Contract Owners’ Equity:

$

48,380,816,200

 

2015

Reserves for annuity contracts in payout phase:

$

9,994,873

 

2015

Contract Owners’ Equity:

$

45,303,722,763

 

 

 

NATIONWIDE VARIABLE ACCOUNT-II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2019

 

*

This represents the range of annual contract expense rates of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values.  Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.

 

**

This represents the ratio of dividends for the period indicated, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by monthly average net assets (excluding months where net assets are zero). The investment income ratio for subaccounts initially funded during the period presented has not been annualized. The ratios exclude those expenses that result in direct reductions to the contract owner accounts through reductions in unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.

 

***

This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option is initially offered, funded, or both, during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

 

****

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

 

 

 

 

NATIONWIDE LIFE INSURANCE COMPANY

FOR THE YEAR ENDED DECEMBER 31, 2019

 

TABLE OF CONTENTS

 

 

   

Page
     

Independent Auditors’ Report

  

F-1
     

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

  

F-3
     

Statutory Statements of Operations

  

F-4
     

Statutory Statements of Changes in Capital and Surplus

  

F-5
     

Statutory Statements of Cash Flow

  

F-6
     

Notes to Statutory Financial Statements

  

F-7
     

Schedule I – Consolidated Summary of Investments – Other Than Investments in Related Parties

  

F-46
     

Schedule III – Supplementary Insurance Information

  

F-47
     

Schedule IV – Reinsurance

  

F-48
     

Schedule V – Valuation and Qualifying Accounts

  

F-49

 

 
 

 

  
 

KPMG LLP

Suite 500

191 West Nationwide Blvd. Columbus,

OH 43215-2568

 

 

 

Independent Auditors’ Report

 

 

Audit Committee of the Board of Directors Nationwide Life Insurance Company:

 

We have audited the accompanying financial statements of Nationwide Life Insurance Company

(the Company), which comprise the statutory statements of admitted assets, liabilities, capital and surplus as of December 31, 2019 and 2018, and the related statutory statements of operations, changes in capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2019, and the related notes to the statutory financial statements (“statutory financial statements”).

 

Management’s Responsibility for the Financial Statements

 

Management is responsible for the preparation and fair presentation of these financial statements in accordance with statutory accounting practices prescribed or permitted by the Ohio Department of Insurance (the Department). Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

 

Auditors’ Responsibility

 

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

 

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

 

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

 

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

 

As described in Note 2 to the financial statements, the financial statements are prepared by the Company using statutory accounting practices prescribed or permitted by the Department, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles.

 

The effects on the financial statements of the variances between the statutory accounting practices described in Note 2 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material.

 

 

KPMG LLP is a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

 

 

  KPMG LLP is a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.  
F-1
 

 

Adverse Opinion on U.S. Generally Accepted Accounting Principles

 

In our opinion, because of the significance of the variances between statutory accounting practices and U.S. generally accepted accounting principles discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles paragraph, the financial statements referred to above do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of the Company as of December 31, 2019 and 2018, or the results of its operations or its cash flows for each of the years in the three- year period ended December 31, 2019.

 

Opinion on Statutory Basis of Accounting

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the admitted assets, liabilities, capital and surplus of the Company as of December 31, 2019 and 2018, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2019, in accordance with statutory accounting practices prescribed or permitted by the Department described in Note 2.

 

Other Matter

 

Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary information included in Schedule I Consolidated Summary of Investments – Other Than Investments in Related Parties, Schedule III Supplementary Insurance Information, Schedule IV Reinsurance and Schedule V Valuation and Qualifying Accounts is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Securities and Exchange Commission's Regulation S-X. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

 

 

 

Columbus, Ohio

March 20, 2020

 

F-2
 

nationwide LIFE Insurance Company

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

 

   

December 31,

  

(in millions, except share amounts)

  

2019

    

2018

  
                 

Admitted assets

                

Invested assets

                

Bonds

   $ 35,124     $ 32,348  

Stocks

     2,622       1,820  

Mortgage loans, net of allowance

     7,655       7,764  

Policy loans

     903       905  

Derivative assets

     94       100  

Cash, cash equivalents and short-term investments

     556       1,099  

Securities lending collateral assets

     132       101  

Other invested assets

     958       883  

Total invested assets

   $ 48,044     $ 45,020  

Accrued investment income

     573       394  

Deferred federal income tax assets, net

     601       532  

Federal income tax receivable

     108       129  

Other assets

     152       392  

Separate account assets

     105,655       92,874  

Total admitted assets

   $ 155,133     $ 139,341  
                 

Liabilities, capital and surplus

                

Liabilities

                

Future policy benefits and claims

   $ 39,139     $ 38,337  

Policyholders dividend accumulation

     452       466  

Short-term debt

     203       365  

Asset valuation reserve

     479       372  

Payable for securities

     113       158  

Derivative liabilities

     23       20  

Securities lending payable

     132       101  

Other liabilities

     1,682       1,428  

Accrued transfers from separate accounts

     (1,567 )     (1,625 )

Separate account liabilities

     105,655       92,874  

Total liabilities

   $ 146,311     $ 132,496  
                 

Capital and surplus

                

Capital shares ($1 par value; authorized - 5,000,000 shares, issued and outstanding - 3,814,779 shares)

   $ 4     $ 4  

Surplus notes

     1,100       700  

Additional paid-in capital

     1,998       1,398  

Unassigned surplus

     5,720       4,743  

Total capital and surplus

   $ 8,822     $ 6,845  

Total liabilities, capital and surplus

   $ 155,133     $ 139,341  

 

See accompanying notes to statutory financial statements.

 

F-3
 

 

nationwide LIFE Insurance Company

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Operations

 

   

Year ended December 31,

  

(in millions)

  

2019

    

2018

    

2017

  
                         

Revenues

                        

Premiums and annuity considerations

   $ 10,168     $ 9,829     $ 10,403  

Net investment income

     1,974       1,927       1,958  

Amortization of interest maintenance reserve

     (2 )     (1 )     (2 )

Other revenues

     2,312       2,240       2,443  

Total revenues

   $ 14,452     $ 13,995     $ 14,802  
                         

Benefits and expenses

                        

Benefits to policyholders and beneficiaries

   $ 14,782     $ 13,961     $ 12,879  

Increase in reserves for future policy benefits and claims

     1,501       736       1,246  

Net transfers from separate accounts

     (3,747 )     (2,468 )     (950 )

Commissions

     674       670       683  

Dividends to policyholders

     38       40       46  

Reserve adjustment on reinsurance assumed

     (246 )     (352 )     (553 )

Other expenses

     417       398       466  

Total benefits and expenses

   $ 13,419     $ 12,985     $ 13,817  
                         

Income before federal income tax expense and net realized capital losses on investments

   $ 1,033     $ 1,010     $ 985  

Federal income tax (benefit) expense

     (73 )     64       (455 )
                         

Income before net realized capital losses on investments

   $ 1,106     $ 946     $ 1,440  

Net realized capital losses on investments, net of federal income tax expense of $7, $8 and $26 in 2019, 2018 and 2017, respectively, and excluding $0, $(1) and $3 of net realized capital (losses) gains transferred to the interest maintenance reserve in 2019, 2018 and 2017, respectively

                        
      (477 )     (235 )     (401 )

Net income

   $ 629     $ 711     $ 1,039  

 

See accompanying notes to statutory financial statements.

 

F-4
 

 

nationwide LIFE Insurance Company

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Changes in Capital and Surplus

 

(in millions)

  

Capital shares

    

Surplus

notes

    

Additional paid-in capital

    

Unassigned surplus

    

Capital and surplus

  

Balance as of December 31, 2016

   $ 4     $ 700     $ 963     $ 3,541     $ 5,208  
                                         

Net income

     -       -       -       1,039       1,039  

Change in asset valuation reserve

     -       -       -       (10 )     (10 )

Change in deferred income taxes

     -       -       -       (446 )     (446 )

Change in net unrealized capital gains and losses, net of tax expense of $14

     -       -       -       (157 )     (157 )

Change in nonadmitted assets

     -       -       -       318       318  

Other, net

     -       -               (3 )     (3 )

Balance as of December 31, 2017

   $ 4     $ 700     $ 963     $ 4,282     $ 5,949  
                                         

Net income

     -       -       -       711       711  

Change in asset valuation reserve

     -       -       -       (12 )     (12 )

Change in deferred income taxes

     -       -       -       72       72  

Change in net unrealized capital gains and losses, net of tax expense of $88

     -       -       -       (304 )     (304 )

Change in nonadmitted assets

     -       -       -       (6 )     (6 )

Capital contribution from Nationwide Financial Services, Inc.

     -       -       435       -       435  

Balance as of December 31, 2018

   $ 4     $ 700     $ 1,398     $ 4,743     $ 6,845  
                                         

Net income

     -       -       -       629       629  

Change in asset valuation reserve

     -       -       -       (107 )     (107 )

Change in deferred income taxes

     -       -       -       (29 )     (29 )

Change in net unrealized capital gains and losses, net of tax (benefit) of ($29)

     -       -       -       426       426  

Change in nonadmitted assets

     -       -       -       59       59  

Change in surplus notes

     -       400       -       -       400  

Capital contribution from Nationwide Financial Services, Inc.

     -       -       600       -       600  

Other, net

     -       -       -       (1 )     (1 )

Balance as of December 31, 2019

   $ 4     $ 1,100     $ 1,998     $ 5,720     $ 8,822  

 

See accompanying notes to statutory financial statements.

 

F-5
 

 

nationwide LIFE Insurance Company

(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

Statutory Statements of Cash Flow

 

   

Years ended December 31,

  

(in millions)

  

2019

    

2018

    

2017

  
                         

Cash flows from operating activities:

                        

Premiums collected, net of reinsurance

   $ 10,184     $ 9,812     $ 10,424  

Net investment income

     1,825       2,041       2,062  

Other revenue

     2,708       2,329       2,439  

Policy benefits and claims paid

     (14,778 )     (13,947 )     (12,861 )

Commissions, operating expenses and taxes, other than federal income tax paid

     (847 )     (710 )     (563 )

Net transfers from separate accounts

     3,805       2,606       985  

Policyholders' dividends paid

     (40 )     (45 )     (48 )

Federal income taxes recovered

     87       74       115  

Net cash provided by operating activities

   $ 2,944     $ 2,160     $ 2,553  
                         

Cash flows from investing activities:

                        

Proceeds from investments sold, matured or repaid:

                        

Bonds

   $ 3,547     $ 3,366     $ 3,905  

Stocks

     58       1       1  

Mortgage loans

     910       580       585  

Derivative assets

     4       560       -  

Other assets

     381       190       77  

Total investment proceeds

   $ 4,900     $ 4,697     $ 4,568  

Cost of investments acquired:

                        

Bonds

   $ (6,327 )   $ (4,499 )   $ (4,875 )

Stocks

     (454 )     (608 )     (626 )

Mortgage loans

     (800 )     (762 )     (670 )

Derivative assets

     (687 )     -       (467 )

Other assets

     (340 )     (610 )     (516 )

Total investments acquired

   $ (8,608 )   $ (6,479 )   $ (7,154 )

Net decrease (increase) in policy loans

     2       36       (16 )

Net cash used in investing activities

   $ (3,706 )   $ (1,746 )   $ (2,602 )
                         

Cash flows from financing activities and miscellaneous sources:

                        

Surplus notes

   $ 400     $ -     $ -  

Capital contribution from Nationwide Financial Services, Inc.

     600       435       -  

Net change in deposits on deposit-type contract funds and other insurance liabilities

     (714 )     228       (326 )

Net change in short-term debt

     (162 )     365       (303 )

Derivative liabilities

     2       (135 )     44  

Other cash provided (used)

     93       (172 )     223  

Net cash provided by (used in) financing activities and miscellaneous

   $ 219     $ 721     $ (362 )
                         

Net (decrease) increase in cash, cash equivalents and short-term investments

   $ (543 )   $ 1,135     $ (411 )

Cash, cash equivalents and short-term investments at beginning of year

     1,099       (36 )     375  

Cash, cash equivalents and short-term investments at end of year

   $ 556     $ 1,099     $ (36 )
                         

Supplemental disclosure of non-cash activities:

                        

Exchange of bond investments

   $ 592     $ 573     $ 238  

Intercompany transfer of securities

   $ 6     $ 108     $ -  

Intercompany transfer of mortgages

   $ -     $ 155     $ -  

 

See accompanying notes to statutory financial statements.
 

 

F-6
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(1)

Nature of Operations

 

Nationwide Life Insurance Company (“NLIC” or “the Company”) was incorporated in 1929 and is an Ohio domiciled stock life insurance company. The Company is a member of the Nationwide group of companies (“Nationwide”), which is comprised of Nationwide Mutual Insurance Company (“NMIC”) and all of its subsidiaries and affiliates.

 

All of the outstanding shares of NLIC’s common stock are owned by Nationwide Financial Services, Inc. (“NFS”), a holding company formed by Nationwide Corporation, a majority-owned subsidiary of NMIC.

 

The Company is a leading provider of long-term savings and retirement products in the United States of America (“U.S.”). The Company develops and sells a wide range of products and services, which include fixed and variable individual annuities, private and public sector group retirement plans, life insurance, investment advisory services and other investment products. The Company is licensed to conduct business in all fifty states, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands.

 

The Company sells its products through a diverse distribution network. Unaffiliated entities that sell the Company’s products to their own customer bases include independent broker-dealers, financial institutions, wirehouses and regional firms, pension plan administrators, life insurance agencies, life insurance specialists and registered investment advisors. Representatives of affiliates who market products directly to a customer base include Nationwide Retirement Solutions, Inc. and Nationwide Financial Network producers, which includes the agency distribution force of the Company’s ultimate parent company, NMIC. NMIC is in the process of transitioning away from utilizing the exclusive agent model, which will be completed in 2020. The Company believes its broad range of competitive products, strong distributor relationships and diverse distribution network position it to compete effectively under various economic conditions.

 

Wholly-owned subsidiaries of NLIC as of December 31, 2019 include Nationwide Life and Annuity Insurance Company (“NLAIC”) and its wholly-owned subsidiaries, Olentangy Reinsurance, LLC (“Olentangy”) and Nationwide SBL, LLC (“NWSBL”), Jefferson National Financial Corporation (“JNF”) and its wholly-owned subsidiaries, Jefferson National Securities Corporation (“JNSC”) and Jefferson National Life Insurance Company (“JNLIC”), and its wholly-owned subsidiary, Jefferson National Life Insurance Company of New York (“JNLNY”), Eagle Captive Reinsurance, LLC (“Eagle”), Nationwide Investment Services Corporation (“NISC”) and Nationwide Investment Advisor, LLC (“NIA”). NLAIC primarily offers universal life insurance, variable universal life insurance, term life insurance, corporate-owned life insurance and individual annuity contracts on a non-participating basis. Olentangy is a Vermont domiciled special purpose financial captive insurance company. NWSBL offers a securities-based lending product and is an Ohio limited liability company and nonadmitted subsidiary. JNF is a distributor of tax-advantaged investing solutions for registered investment advisors, fee-based advisors and the clients they serve. JNSC is a registered broker-dealer. JNLIC and JNLNY are licensed to underwrite both fixed and variable annuity products. Eagle is an Ohio domiciled special purpose financial captive insurance company. NISC is a registered broker-dealer. NIA is a registered investment advisor.

 

The Company is subject to regulation by the insurance departments of states in which it is domiciled and/or transacts business and undergoes periodic examinations by those departments.

 

As of December 31, 2019 and 2018, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region. Also, the Company did not have a concentration of business transactions with a particular customer, lender, distribution source, market or geographic region in which a single event could cause a severe impact on the Company’s financial position after considering insurance risk that has been transferred to external reinsurers.

 

(2)

Summary of Significant Accounting Policies

 

Use of Estimates

 

The preparation of the statutory financial statements requires the Company to make estimates and assumptions that affect the amounts reported in the statutory financial statements and accompanying notes. Significant estimates include legal and regulatory reserves, certain investment and derivative valuations, future policy benefits and claims, provision for income taxes and valuation of deferred tax assets. Actual results could differ significantly from those estimates.

 

Basis of Presentation

 

The statutory financial statements of the Company are presented on the basis of accounting practices prescribed or permitted by the Ohio Department of Insurance (“the Department”). Prescribed statutory accounting practices are those practices incorporated directly or by reference in state laws, regulations and general administrative rules applicable to all insurance enterprises domiciled in a particular state. Permitted statutory accounting practices include practices not prescribed by the domiciliary state, but allowed by the domiciliary state regulatory authority.

 

F-7
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The Company’s subsidiary, Eagle, applies a prescribed practice which values assumed guaranteed minimum death benefits (“GMDB”) and guaranteed lifetime withdrawal benefits (“GLWB”) risks on variable annuity contracts from NLIC and GLWB risks on fixed indexed annuity contracts from NLAIC using separate alternative reserving bases from the Statutory Accounting Principles detailed within the National Association of Insurance Commissioners (“NAIC”) Accounting Practices and Procedures manual (“NAIC SAP”) pursuant to Ohio Revised Code Chapter 3964 and approved by the Department. The prescribed practice related to NLIC guaranteed risks decreased the Company’s valuation of Eagle, included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus, by $411 million and $183 million as of December 31, 2019 and 2018, respectively. The prescribed practice related to NLAIC guaranteed risks, which went into effect on December 31, 2019, increased the Company’s valuation of Eagle, included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus, by $226 million as of December 31, 2019.

 

Olentangy was granted a permitted practice from the State of Vermont allowing Olentangy to carry the assets placed into a trust account by Union Hamilton Reinsurance Ltd. (“UHRL”) on its statutory statements of admitted assets, liabilities, capital and surplus at net admitted value. This permitted practice increased NLAIC’s valuation of this subsidiary, included in stocks on the statutory statements of admitted assets, liabilities, capital and surplus, by $67 million as of December 31, 2019 and 2018.

 

There was no difference in the Company’s net income as a result of prescribed or permitted practices. If the prescribed or permitted practices were not applied, the Company’s risk-based capital would continue to be above regulatory action levels. A reconciliation of the Company’s capital and surplus between NAIC SAP and prescribed and permitted practices is shown below:

 

(in millions)

  

SSAP #

    

F/S Page

  

State of

domicile

  

As of December

31, 2019

    

As of December

31, 2018

  
                                   

Capital and Surplus

                                  

Statutory Capital and Surplus

                

OH

   $ 8,822     $ 6,845  

State Prescribed Practice:

                                  

Subsidiary valuation - Eagle: NLIC risks ceded

     52       3  

OH

     411       183  

Subsidiary valuation - Eagle: NLAIC risks ceded

     52       3  

OH

     (226 )     -  

State Permitted Practice:

                                  

Subsidiary valuation - Olentangy

     20       3  

VT

     (67 )     (67 )

Statutory Capital and Surplus, NAIC SAP

                     $ 8,940     $ 6,961  

 

Statutory accounting practices vary in some respects from U.S. generally accepted accounting principles (“GAAP”), including the following practices:

 

Financial Statements

 

 

●

Statutory financial statements are prepared using language and groupings substantially the same as the annual statements of the Company filed with the NAIC and state regulatory authorities;

 

 

●

assets must be included in the statutory statements of admitted assets, liabilities, capital and surplus at net admitted asset value and nonadmitted assets are excluded through a charge to capital and surplus;

 

 

●

an asset valuation reserve (“AVR”) is established in accordance with the NAIC Annual Statement Instructions for Life, Accident and Health Insurance Companies and is reported as a liability, and changes in the AVR are reported directly in capital and surplus;

 

 

●

an interest maintenance reserve (“IMR”) is established in accordance with the NAIC Annual Statement Instructions for Life, Accident and Health Insurance Companies and is reported as a liability, and the amortization of the IMR is reported as revenue;

 

 

●

the expense allowance associated with statutory reserving practices for investment contracts held in the separate accounts is reported in the general account as a negative liability;

 

 

●

accounting for contingencies requires recording a liability at the midpoint of a range of estimated possible outcomes when no better estimate in the range exists;

 

 

●

surplus notes are accounted for as a component of capital and surplus;

 

 

●

costs related to successful policy acquisitions are charged to operations in the year incurred;

 

 

●

negative cash balances are reported as negative assets;

 

 

●

certain income and expense items are charged or credited directly to capital and surplus;

 

F-8
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

 

●

the statutory statements of cash flows are presented on the basis prescribed by the NAIC; and

 

 

●

the statutory financial statements do not include accumulated other comprehensive income.

 

Future Policy Benefits and Claims

 

 

●

Deposits to universal life contracts, investment contracts and limited payment contracts are included in revenue; and

 

 

●

future policy benefit reserves are based on statutory requirements.

 

Reinsurance Ceded

 

 

●

Certain assets and liabilities are reported net of ceded reinsurance balances; and

 

 

●

provision is made for amounts receivable and outstanding for more than 90 days through a charge to capital and surplus.

 

Investments

 

 

●

Investments in bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value;

 

 

●

investments in preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value;

 

 

●

the proportional amortized cost method is utilized to determine the liquidation value of Low-Income Housing Tax Credit Funds (“Tax Credit Funds”);

 

 

●

admitted subsidiary, controlled and affiliated entities are never consolidated; rather, those investments are generally carried at audited statutory capital and surplus or GAAP equity, as appropriate, and are recorded as an equity investment in stocks or other invested assets;

 

 

●

equity in earnings of subsidiary companies is recognized directly in capital and surplus as net unrealized capital gains or losses, while dividends from unconsolidated companies are recorded in operations as net investment income;

 

 

●

undistributed earnings and valuation adjustments from investments in joint ventures, partnerships and limited liability companies are recognized directly in capital and surplus as net unrealized capital gains or losses;

 

 

●

changes in non-specific mortgage loan reserves are recorded directly in capital and surplus as net unrealized capital gains or losses;

 

 

●

other-than-temporary impairments on bonds, excluding loan-backed and structured securities, are measured based on fair value; and

 

 

●

gains on sales of investments between affiliated companies representing economic transactions are deferred at the parent level until the related assets are paid down or an external sale occurs.

 

Separate Accounts

 

 

●

Assets and liabilities of guaranteed separate accounts are reported as separate account assets and separate account liabilities, respectively.

 

Derivative Instruments

 

 

●

Derivatives used in effective hedging transactions are valued in a manner consistent with the hedged asset or liability;

 

 

●

unrealized gains and losses on derivatives that are not considered to be effective hedges are charged to capital and surplus;

 

 

●

interest earned on derivatives not designated as hedging instruments is charged to net investment income; and

 

 

●

embedded derivatives are not separated from the host contract and accounted for separately as a derivative instrument.

 

Goodwill

 

 

●

Goodwill is limited to 10% of the prior reporting period’s adjusted statutory surplus, with any goodwill in excess of this limitation nonadmitted through a charge to surplus; and

 

 

●

goodwill is amortized and charged to surplus.

 

F-9
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

Federal Income Taxes

 

 

●

Changes in deferred federal income taxes are recognized directly in capital and surplus with limitations on the amount of deferred tax assets that can be reflected as an admitted asset (15% of surplus); and

 

 

●

uncertain tax positions are subject to a “more likely than not” standard for federal and foreign income tax loss contingencies only.

 

Nonadmitted Assets

 

 

●

In addition to the nonadmitted assets described above, certain other assets are nonadmitted and charged directly to capital and surplus. These include prepaid assets, certain software, disallowed IMR and other receivables outstanding for more than 90 days.

 

The financial information included herein is prepared and presented in accordance with SAP prescribed or permitted by the Department. Certain differences exist between SAP and GAAP, which are presumed to be material.

 

Revenues and Benefits

 

Life insurance premiums are recognized as revenue over the premium paying period of the related policies. Annuity considerations are recognized as revenue when received. Health insurance premiums are earned ratably over the terms of the related insurance and reinsurance contracts or policies. Policy benefits and claims that are expensed include interest credited to policy account balances, benefits and claims incurred in the period in excess of related policy reserves and other changes in future policy benefits.

 

Future Policy Benefits and Claims

 

Future policy benefits for traditional products are based on statutory mortality and interest requirements without consideration of withdrawals. The principal statutory mortality tables and interest assumptions used on policies in force are the 1958 Commissioner’s Standard Ordinary (“CSO”) table at interest rates of 2.5%, 3.0%, 3.5%, 4.0% and 4.5%, the 1941 CSO table at an interest rate of 2.5%, the 1980 CSO table at interest rates of 4.0%, 4.5%, 5.0% and 5.5%, the 2001 CSO table at an interest rate of 4.0% and 3.5% and the 2017 CSO table at an interest rate of 3.5% and 4.5%.

 

Future policy benefits for universal life and variable universal life contracts have been calculated based on participants’ contributions plus interest credited on any funds in the fixed account less applicable contract charges. These policies have been adjusted for possible future surrender charges in accordance with the Commissioner’s Reserve Valuation Method (“CRVM”).

 

Future policy benefits for annuity products have been established based on contract term, interest rates and various contract provisions. Individual deferred annuity contracts issued in 1990 and after have been adjusted for possible future surrender charges in accordance with the Commissioner’s Annuity Reserve Valuation Method (“CARVM”).

 

As of December 31, 2017, the Company calculated a portion of its life insurance reserves under a Principle-Based Reserves (“PBR”) framework in accordance with Valuation Manual 20: Requirements for PBR for Life Products. Valuation Manual 20 was only applicable for newly issued life insurance business and allowed for a three-year implementation period. Reserving for all life insurance business issued after the earlier of the products conversion or December 31, 2019 will be under a PBR framework.

 

As of December 31, 2019 and 2018, the Company calculated its reserves for variable annuity products with guaranteed minimum death, accumulation and withdrawal benefits and other contracts involving guaranteed benefits similar to those offered with variable annuities under the standard scenario of Actuarial Guideline XLIII "CARVM for Variable Annuities", which exceeded the stochastic 70th percentile Conditional Tail Expectations scenario.

 

The aggregate reserves for individual accident and health policies consist of active life reserves, disabled life reserves and unearned premium reserves. The active life reserves for disability income are reserved for on the net level basis, at a 3.0% interest rate, using either the 1964 Commissioner’s Disability Table (for policies issued prior to 1982) or the 1985 Commissioner’s Individual Disability Table A (for policies issued after 1981). The active life reserves for major medical insurance (both scheduled and unscheduled benefits) are based on the benefit ratio method for policies issued after 1981.

 

The active life reserves for accident and health policies are reserved for on the net level basis, at a 3.0% interest rate, using either the 1956 Inter-Company Hospital-Surgical tables, the 1974 Medical Expense tables or the 1959 Accidental Death Benefits table.

 

The disabled life reserves for accident and health policies are calculated using the 1985 Commissioner’s Individual Disability Table A at a 3.0% interest rate. Unearned premium reserves are based on the actual gross premiums and actual days.

 

F-10
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The aggregate reserves for group accident and health and franchise accident and health policies consist of disabled life reserves and unearned premium reserves. Reserves for benefits payable on disabled life claims are based on the 2012 Group Long-Term Disability (GLTD) Valuation Table, at varying interest rates of 2.75% - 6.0%, for group policies and the 1987 Commissioner’s Group Disability Table, at varying interest rates of 2.75% - 10.25%, for franchise policies.

 

Future policy benefits and claims for group long-term disability policies are the present value (discounted between 2.75% and 6.00%) of amounts not yet due on reported claims and an estimate of amounts to be paid on incurred but unreported claims. Future policy benefits and claims on other group health policies are not discounted.

 

The Company issues fixed and floating rate funding agreements to the Federal Home Loan Bank of Cincinnati (“FHLB”). The liabilities for such funding agreements are treated as annuities under Ohio law for life insurance companies and recorded in future policy benefits and claims. Refer to Note 9 for additional details.

 

Separate Accounts

 

Separate account assets represent contractholders’ funds that have been legally segregated into accounts with specific investment objectives. Separate account assets are recorded at fair value, with the value of separate account liabilities set to equal the fair value of separate account assets. Separate account assets are primarily comprised of public, privately-registered and non-registered mutual funds, whose fair value is primarily based on the funds’ net asset value. Other separate account assets are recorded at fair value based on the methodology that is applicable to the underlying assets.

 

Separate account liabilities, in conjunction with accrued transfers from separate accounts, represent contractholders’ funds adjusted for possible future surrender charges in accordance with the CARVM and the CRVM, respectively. The difference between full account value and CARVM/CRVM is reflected in accrued transfers to separate accounts, as prescribed by the NAIC, in the statutory statements of admitted assets, liabilities, capital and surplus. The annual change in the difference between full account value and CARVM/CRVM and its applicable federal income tax is reflected in the statutory statements of operations as part of the net transfers to separate accounts and federal income tax, respectively.

 

Retained Assets

 

The Company does not retain beneficiary assets. During a death benefit claim, the death benefit settlement method is payment to the beneficiary in the form of a check or electronic funds transfer.

 

Investments

 

Bonds and stocks of unaffiliated companies. Bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value. Preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value. Common stocks are stated at fair value. Changes in the fair value of bonds and stocks stated at fair value are charged to capital and surplus.

 

Loan-backed and structured securities, which are included in bonds in the statutory financial statements, are stated in a manner consistent with the bond guidelines, but with additional consideration given to the special valuation rules implemented by the NAIC applicable to residential mortgage-backed securities that are not backed by U.S. government agencies, commercial mortgage-backed securities and certain other structured securities. Under these guidelines, an initial and adjusted NAIC designation is determined for each security. The initial NAIC designation, which takes into consideration the security’s amortized cost relative to an NAIC-prescribed valuation matrix, is used to determine the reporting basis (i.e., amortized cost or lower of amortized cost or fair value).

 

Interest income is recognized when earned, while dividends are recognized when declared. The Company nonadmits investment income due and accrued when amounts are over 90 days past due.

 

For investments in loan-backed and structured securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method based on prepayment assumptions, generally obtained using a model provided by a third-party vendor, and the estimated economic life of the securities. When actual prepayments differ significantly from estimated prepayments, the effective-yield is recalculated to reflect actual payments to date and anticipated future payments. Any resulting adjustment is included in net investment income in the period the estimates are revised. All other investment income is recorded using the effective-yield method without anticipating the impact of prepayments.

 

Purchases and sales of bonds and stocks are recorded on the trade date, with the exception of private placement bonds, which are recorded on the funding date. Realized gains and losses are determined on a specific identification method.

 

Independent pricing services are most often utilized, and compared to pricing from additional sources, to determine the fair value of bonds and stocks for which market quotations or quotations on comparable securities are available. For these bonds and stocks, the Company obtains the pricing services’ methodologies and classifies the investments accordingly in the fair value hierarchy.

 

F-11
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

A corporate pricing matrix is used in valuing certain corporate bonds. The corporate pricing matrix was developed using publicly available spreads for privately-placed corporate bonds with varying weighted average lives and credit quality ratings. The weighted average life and credit quality rating of a particular bond to be priced using the corporate pricing matrix are important inputs into the model and are used to determine a corresponding spread that is added to the appropriate U.S. Treasury yield to create an estimated market yield for that bond. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular bond.

 

Non-binding broker quotes are also utilized to determine the fair value of certain bonds when deemed appropriate or when quotes are not available from independent pricing services or a corporate pricing matrix. These bonds are classified with the lowest priority in the fair value hierarchy as only one broker quote is ordinarily obtained, the investment is not traded on an exchange, the pricing is not available to other entities and/or the transaction volume in the same or similar investments has decreased. Inputs used in the development of prices are not provided to the Company by the brokers as the brokers often do not provide the necessary transparency into their quotes and methodologies. At least annually, the Company performs reviews and tests to ensure that quotes are a reasonable estimate of the investments’ fair value. Price movements of broker quotes are subject to validation and require approval from the Company’s management. Management uses its knowledge of the investment and current market conditions to determine if the price is indicative of the investment’s fair value.

 

For all bonds, the Company considers its ability and intent to hold the security for a period of time sufficient to allow for the anticipated recovery in value, the expected recovery of principal and interest and the extent to which the fair value has been less than amortized cost. If the decline in fair value to below amortized cost is determined to be other-than-temporary, a realized loss is recorded equal to the difference between the amortized cost of the investment and its fair value.

 

The Company periodically reviews loan-backed and structured securities in an unrealized loss position by comparing the present value of cash flows, including estimated prepayments, expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected, discounted at the security’s effective interest rate, is less than the amortized cost basis of the security, the impairment is considered other-than-temporary and a realized loss is recorded to realizable value.

 

All other bonds in an unrealized loss position are periodically reviewed to determine if a decline in fair value to below amortized cost is other-than-temporary. Factors considered during this review include timing and amount of expected cash flows, ability of the issuer to meet its obligations, financial condition and future prospects of the issuer, amount and quality of any underlying collateral and current economic and industry conditions that may impact an issuer.

 

Stocks may experience other-than-temporary impairment based on the prospects for full recovery in value in a reasonable period of time and the Company’s ability and intent to hold the stock to recovery. If a stock is determined to be other-than-temporarily impaired, a realized loss is recorded equal to the difference between the cost basis of the investment and its fair value.

 

Investments in subsidiaries. The investment in the Company’s wholly-owned insurance subsidiaries, NLAIC and Eagle, are carried using the equity method of accounting applicable to U.S. insurance subsidiary, controlled and affiliated (“SCA”) entities. This requires the investment to be recorded based on the value of its underlying audited statutory surplus. Furthermore, the equity method of accounting would be discontinued if the investment is reduced to zero, unless the Company has guaranteed obligations of the subsidiary or otherwise committed to provide further financial support. In accordance with the “look through” provisions of Statements of Statutory Accounting Principles (“SSAP”) No. 97, Investments in Subsidiary, Controlled and Affiliated Entities, the valuation of JNF, an unaudited downstream noninsurance holding company, is based on the individual audited SCA entities owned by the holding company. Additionally, all non-affiliated liabilities, commitments, contingencies, guarantees or obligations of the holding company are reflected in the determination of the carrying value of the investments. The Company’s investment in NISC and NIA, wholly-owned non-insurance subsidiaries, are carried using the equity method of accounting applicable to U.S. non-insurance subsidiary, controlled and affiliated entities. This requires the investment to be recorded based on its underlying audited GAAP equity. Investments in NLAIC, JNF and NISC are included in stocks, and the investment in Eagle is included in other invested assets on the statutory statements of admitted assets, liabilities, capital and surplus.

 

Mortgage loans, net of allowance. The Company holds commercial mortgage loans that are collateralized by properties throughout the U.S. Mortgage loans are held at unpaid principal balance adjusted for premiums and discounts, less a valuation allowance.

 

As part of the underwriting process, specific guidelines are followed to ensure the initial quality of a new mortgage loan. Third-party appraisals are obtained to support loaned amounts as the loans are collateral dependent or guaranteed.

 

The collectability and value of a mortgage loan is based on the ability of the borrower to repay and/or the value of the underlying collateral. Many of the Company’s mortgage loans are structured with balloon payment maturities, exposing the Company to risks associated with the borrowers’ ability to make the balloon payment or refinance the property. Loans are considered delinquent when contractual payments are 90 days past due.

 

F-12
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Mortgage loans require a loan-specific reserve when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. When management determines that a loan requires a loan-specific reserve, a provision for loss is established equal to the difference between the carrying value and the fair value of the collateral less costs to sell. Loan-specific reserve charges are recorded in net realized capital gains and losses. In the event a loan-specific reserve charge is reversed, the recovery is also recorded in net realized capital gains and losses.

 

In addition to the loan-specific reserves, the Company maintains a non-specific reserve based primarily on loan surveillance categories and property type classes, which reflects management’s best estimates of probable credit losses inherent in the portfolio of loans without specific reserves as of the date of the statutory statements of admitted assets, liabilities, capital and surplus. Management’s periodic evaluation of the adequacy of the non-specific reserve is based on past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect a group of borrowers’ ability to repay in the portfolio, the estimated value of the underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. Non-specific reserve changes are recorded directly in capital and surplus as net unrealized capital gains and losses.

 

Management evaluates the credit quality of individual mortgage loans and the portfolio as a whole through a number of loan quality measurements, including, but not limited to, loan-to-value (“LTV”) and debt service coverage (“DSC”) ratios. The LTV ratio is calculated as a ratio of the amortized cost of a loan to the estimated value of the underlying collateral. DSC is the amount of cash flow generated by the underlying collateral of the mortgage loan available to meet periodic interest and principal payments of the loan. These loan quality measurements contribute to management’s assessment of relative credit risk in the mortgage loan portfolio. Based on underwriting criteria and ongoing assessment of the properties’ performance, management believes the amounts, net of valuation allowance, are collectible. This process identifies the risk profile and potential for loss individually and in the aggregate for the commercial mortgage loan portfolios. These factors are updated and evaluated at least annually.

 

Interest income on performing mortgage loans is recognized in net investment income over the life of the loan using the effective-yield method. Loans in default or in the process of foreclosure are placed on non-accrual status. Interest received on non-accrual status mortgage loans is included in net investment income in the period received. Loans are restored to accrual status when the principal and interest is current and it is determined the future principal and interest payments are probable or the loan is modified.

 

Policy loans. Policy loans, which are collateralized by the related insurance policy, are held at the outstanding principal balance and do not exceed the net cash surrender value of the policy. As such, no valuation allowance for policy loans is required.

 

Cash and cash equivalents. Cash and cash equivalents include highly liquid investments with original maturities of less than three months.

 

Short-term investments. Short-term investments consist primarily of government agency discount notes with maturities of twelve months or less at acquisition. The Company carries short-term investments at amortized cost which approximates fair value. The Company and various affiliates maintain agreements with Nationwide Cash Management Company (“NCMC”), an affiliate, under which NCMC acts as a common agent in handling the purchase and sale of short-term securities for the respective accounts of the participants. Amounts on deposit with NCMC for the benefit of the Company are included in short-term investments on the statutory statements of admitted assets, liabilities, capital and surplus.

 

Other invested assets. Other invested assets consist primarily of alternative investments in hedge funds, private equity funds, private and emerging market debt funds, tax credit funds, real estate partnerships and the investment in Eagle. Except for investments in certain tax credit funds, these investments are recorded using the equity method of accounting. Changes in carrying value as a result of the equity method are reflected as net unrealized capital gains and losses as a direct adjustment to capital and surplus. Gains and losses are generally recognized through income at the time of disposal or when operating distributions are received. Partnership interests in tax credit funds are held at amortized cost with amortization charged to net investment income over the period in which the tax benefits, primarily credits, are earned. Tax credits are recorded as an offset to tax expense in the period utilized.

 

F-13
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The Company has sold $2.2 billion, $2.0 billion and $1.7 billion in Tax Credit Funds to unrelated third parties as of December 31, 2019, 2018 and 2017, respectively. The Company has guaranteed after-tax benefits to the third-party investors through periods ending in 2037. These guarantees are in effect for periods of approximately 15 years each. The Tax Credit Funds provide a stream of tax benefits to the investors that will generate a yield and return of capital. If the tax benefits are not sufficient to provide these cumulative after-tax yields, the Company must fund any shortfall. The maximum amount of undiscounted future payments that the Company could be required to pay the investors under the terms of the guarantees is $1.4 billion, but the Company does not anticipate making any material payments related to the guarantees. The Company’s risks are mitigated in the following ways: (1) the Company has the right to buyout the equity related to the guarantee under certain circumstances, (2) the Company may replace underperforming properties to mitigate exposure to guarantee payments, (3) the Company oversees the asset management of the deals and (4) changes in tax laws are explicitly excluded from the Company’s guarantees of after-tax benefits.

 

Securities Lending. The Company has entered into securities lending agreements with a custodial bank whereby eligible securities are loaned to third parties, primarily major brokerage firms. These transactions are used to generate additional income in the securities portfolio. The Company is entitled to receive from the borrower any payments of interest and dividends received on loaned securities during the loan term. The agreements require a minimum of 102% of the fair value of the loaned securities to be held as collateral. Cash collateral is invested by the custodial bank in investment-grade securities, which are included in the total invested assets of the Company. Periodically, the Company may receive non-cash collateral, which would be recorded off-balance sheet. The Company recognizes loaned securities in bonds. A securities lending payable is recorded in other liabilities for the amount of cash collateral received. If the fair value of the collateral received (cash and/or securities) is less than the fair value of the securities loaned, the shortfall is nonadmitted. Net income received from securities lending activities is included in net investment income. Because the borrower or the Company may terminate a securities lending transaction at any time, if loans are terminated in advance of the reinvested collateral asset maturities, the Company would repay its securities lending obligations from operating cash flows or the proceeds of sales from its investment portfolio, which includes significant liquid securities.

 

Derivative Instruments

 

The Company uses derivative instruments to manage exposures and mitigate risks primarily associated with interest rates, equity markets and foreign currency. These derivative instruments primarily include interest rate swaps, cross-currency swaps, futures and options.

 

Derivative instruments used in hedging transactions considered to be effective hedges are reported in a manner consistent with the hedged items. Derivative instruments used in hedging transactions that do not meet or no longer meet the criteria of an effective hedge are accounted for at fair value with changes in fair value recorded in capital and surplus as unrealized gains or losses.

 

The fair value of derivative instruments is determined using various valuation techniques relying predominantly on observable market inputs. These inputs include interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels.

 

The Company’s derivative transaction counterparties are generally financial institutions. To reduce the credit risk associated with open contracts, the Company enters into master netting agreements which permit the closeout and netting of transactions with the same counterparty upon the occurrence of certain events. In addition, the Company attempts to reduce credit risk by obtaining collateral from counterparties. The determination of the need for and the levels of collateral vary based on an assessment of the credit risk of the counterparty. The Company accepts collateral in the forms of cash and marketable securities. Non-cash collateral received is recorded off-balance sheet.

 

Cash flows and payment accruals on derivatives are recorded in net investment income.

 

Fair Value Measurements 

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. In determining fair value, the Company uses various methods, including market, income and cost approaches.

 

The Company categorizes its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

 

F-14
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The Company categorizes assets and liabilities held at fair value in the statutory statements of admitted assets, liabilities, capital and surplus as follows:

 

Level 1. Unadjusted quoted prices accessible in active markets for identical assets or liabilities at the measurement date and mutual funds where the value per share (unit) is determined and published daily and is the basis for current transactions.

 

Level 2. Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, London Interbank Offered Rate (“LIBOR”), prime rates, cash flows, maturity dates, call ability, estimated prepayments and/or underlying collateral values.

 

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimates of the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs. Primary inputs to this valuation technique include broker quotes and comparative trades.

 

The Company reviews its fair value hierarchy classifications for assets and liabilities quarterly. Changes in observability of significant valuation inputs identified during these reviews may trigger reclassifications. Reclassifications are reported as transfers at the beginning of the period in which the change occurs.

 

Asset Valuation Reserve

 

The Company maintains an AVR as prescribed by the NAIC for the purpose of offsetting potential credit related investment losses on each invested asset category, excluding cash, policy loans and income receivable. The AVR contains a separate component for each category of invested assets. The change in AVR is charged or credited directly to capital and surplus.

 

Interest Maintenance Reserve

 

The Company records an IMR as prescribed by the NAIC, which represents the net deferral for interest-related gains or losses arising from the sale of certain investments, such as bonds, mortgage loans and loan-backed and structured securities sold. The IMR is applied as follows:

 

 

●

For bonds, the designation from the NAIC Capital Markets and Investments Analysis Office must not have changed more than one designation between the beginning of the holding period and the date of sale;

 

 

●

the bond must never have been classified as a default security;

 

 

●

for mortgage loans, during the prior two years, they must not have had interest more than 90 days past due, been in the process of foreclosure or in the course of voluntary conveyance, nor had restructured terms; and

 

 

●

for loan-backed and structured securities, all interest-related other-than-temporary impairments and interest-related realized gains or losses on sales of the securities.

 

The realized gains or losses, net of related federal income tax, from the applicable bonds and mortgage loans sold, have been removed from the net realized gain or loss amounts and established as a net liability. This liability is amortized into income such that the amount of each capital gain or loss amortized in a given year is based on the excess of the amount of income which would have been reported that year, if the asset had not been disposed of over the amount of income which would have been reported had the asset been repurchased at its sale price. In the event the unamortized IMR liability balance is negative, the balance is reclassified as an asset and fully nonadmitted. The Company utilizes the grouped method for amortization. Under the grouped method, the liability is amortized into income over the remaining period to expected maturity based on the groupings of the individual securities into five-year bands.

 

Goodwill

 

For companies whose operations are primarily insurance related, goodwill is the excess of the cost to acquire a company over the Company’s share of the statutory book value of the acquired entity. Goodwill is recorded in stocks in the statutory statements of admitted assets, liabilities and surplus. Goodwill is amortized on a straight-line basis over the period of economic benefit, not to exceed ten years, with a corresponding charge to surplus.

 

Unamortized goodwill totaled $116 million and $132 million as of December 31, 2019 and 2018, respectively. All unamortized goodwill as of December 31, 2019 and 2018, is related to the acquisition of JNF, which represents 69% and 76%, respectively, of JNF’s gross SCA value. All goodwill was admitted as of December 31, 2019 and 2018. Amortization of goodwill totaled $16 million, $16 million and $14 million for the years ended December 31, 2019, 2018 and 2017, respectively. No goodwill was impaired during these periods.

 

F-15
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Federal Income Taxes

 

The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets, net of any nonadmitted portion and statutory valuation allowance, and deferred tax liabilities, are recognized for the expected future tax consequences attributable to differences between the statutory financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. The change in deferred taxes, excluding the impact of taxes on unrealized capital gains or losses and nonadmitted deferred taxes, is charged directly to surplus.

 

The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to change the provision for federal income taxes recorded in the statutory financial statements, which could be significant.

 

Tax reserves are reviewed regularly and are adjusted as events occur that the Company believes impact its liability for additional taxes, such as lapsing of applicable statutes of limitations, conclusion of tax audits or substantial agreement with taxing authorities on the deductibility/nondeductibility of uncertain items, additional exposure based on current calculations, identification of new issues, release of administrative guidance or rendering of a court decision affecting a particular tax issue. The Company believes its tax reserves reasonably provide for potential assessments that may result from Internal Revenue Service (“IRS”) examinations and other tax-related matters for all open tax years.

 

The Company is included in the NMIC consolidated federal income tax return.

 

Reinsurance Ceded

 

The Company cedes insurance to other companies in order to limit potential losses and to diversify its exposures. Such agreements do not relieve the Company of its primary obligation to the policyholder in the event the reinsurer is unable to meet the obligations it has assumed. Reinsurance premiums ceded and reinsurance recoveries on benefits and claims incurred are deducted from the respective income and expense accounts. Assets and liabilities related to reinsurance ceded are reported in the statutory statements of admitted assets, liabilities, capital and surplus on a net basis within the related future policy benefits and claims of the Company.

 

Participating Business

 

Participating business, which refers to policies that participate in profits through policyholder dividends, represented approximately 4% and 5% of the Company’s life insurance in force in 2019 and 2018, respectively, and 50% and 51% of the number of life insurance policies in force in 2019 and 2018, respectively. The provision for policyholder dividends was based on the respective year’s dividend scales, as approved by the Board of Directors. Policyholder dividends are recognized when declared. No additional income was allocated to participating policyholders during 2019 and 2018.

 

Subsequent Events

 

The Company evaluated subsequent events through March 20, 2020, the date the statutory financial statements were issued.

 

Subsequent to December 31, 2019, equity and financial markets have experienced significant volatility and interest rates have continued to decline due to the COVID-19 pandemic. The Company is currently in the process of determining the impact of the pandemic to its operations and financial condition.

 

F-16
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(3)

Analysis of Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics

 

The following table summarizes the analysis of individual annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

           

Separate

    

Separate

                  
   

General

    

account with

    

account non-

            

% of

  

(in millions)

  

account

    

guarantees

    

guaranteed

    

Total

    

Total

  

December 31, 2019

                                        

Subject to discretionary withdrawal:

                                        

With market value adjustment

   $ 19     $ 181     $ 29     $ 229       0 %

At book value less current surrender charge of 5% or more

     270       -       -       270       1 %

At fair value

     -       -       61,535       61,535       91 %

Total with market value adjustment or at fair value

   $ 289     $ 181     $ 61,564     $ 62,034       92 %

At book value without adjustment (minimal or no charge or adjustment)

     3,587       -       11       3,598       5 %

Not subject to discretionary withdrawal

     1,761       -       56       1,817       3 %

Total, gross

  $ 5,637     $ 181     $ 61,631     $ 67,449       100 %

Less: Reinsurance ceded

     (104 )     -       -       (104 )        

Total, net

   $ 5,533     $ 181     $ 61,631     $ 67,345          

Amount included in 'Subject to discretionary withdrawal at book value less current surrender charge of 5% or more' that will move to 'Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)'

   $ 128     $ -     $ -     $ 128          
                                         

December 31, 2018

                                        

Subject to discretionary withdrawal:

                                        

With market value adjustment

   $ 20     $ 203     $ -     $ 223       0 %

At book value less current surrender charge of 5% or more

     422       -       -       422       1 %

At fair value

     -       -       54,038       54,038       90 %

Total with market value adjustment or at fair value

   $ 442     $ 203     $ 54,038     $ 54,683       91 %

At book value without adjustment (minimal or no charge or adjustment)

     2,497       -       12       2,509       4 %

Not subject to discretionary withdrawal

     2,622       -       49       2,671       5 %

Total, gross

  $ 5,561     $ 203     $ 54,099     $ 59,863       100 %

Less: Reinsurance ceded

     (105 )     -       -       (105 )        

Total, net

   $ 5,456     $ 203     $ 54,099     $ 59,758          

Amount included in 'Subject to discretionary withdrawal at book value less current surrender charge of 5% or more' that will move to 'Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)'

   $ 223     $ -     $ -     $ 223          

 

F-17
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the analysis of group annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

           

Separate

    

Separate

                  
   

General

    

account with

    

account non-

            

% of

  

(in millions)

  

account

    

guarantees

    

guaranteed

    

Total

    

Total

  

December 31, 2019

                                        

Subject to discretionary withdrawal:

                                        

With market value adjustment

   $ 16,485     $ 2,166     $ -     $ 18,651       44 %

At book value less current surrender charge of 5% or more

     1       -       -       1       0 %

At fair value

     -       -       18,284       18,284       43 %

Total with market value adjustment or at fair value

   $ 16,486     $ 2,166     $ 18,284     $ 36,936       87 %

At book value without adjustment (minimal or no charge or adjustment)

     5,354       -       -       5,354       12 %

Not subject to discretionary withdrawal

     584       2       -       586       1 %

Total, gross

  $ 22,424     $ 2,168     $ 18,284     $ 42,876       100 %

Less: Reinsurance ceded

     (60 )     -       -       (60 )        

Total, net

   $ 22,364     $ 2,168     $ 18,284     $ 42,816          

Amount included in 'Subject to discretionary withdrawal at book value less current surrender charge of 5% or more' that will move to 'Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)'

   $ 1     $ -     $ -     $ 1          
                                         

December 31, 2018

                                        

Subject to discretionary withdrawal:

                                        

With market value adjustment

   $ 15,748     $ 2,366     $ -     $ 18,114       46 %

At book value less current surrender charge of 5% or more

     76       -       -       76       0 %

At fair value

     -       -       15,869       15,869       40 %

Total with market value adjustment or at fair value

   $ 15,824     $ 2,366     $ 15,869     $ 34,059       86 %

At book value without adjustment (minimal or no charge or adjustment)

     4,938       -       -       4,938       12 %

Not subject to discretionary withdrawal

     614       2       -       616       2 %

Total, gross

  $ 21,376     $ 2,368     $ 15,869     $ 39,613       100 %

Less: Reinsurance ceded

     (63 )     -       -       (63 )        

Total, net

   $ 21,313     $ 2,368     $ 15,869     $ 39,550          

Amount included in 'Subject to discretionary withdrawal at book value less current surrender charge of 5% or more' that will move to 'Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)'

   $ 4     $ -     $ -     $ 4          

 

F-18
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the analysis of deposit-type contracts and other liabilities without life or disability contingencies by withdrawal characteristics, as of the dates indicated:

 

           

Separate

                  
   

General

    

account non-

            

% of

  

(in millions)

  

account

    

guaranteed

    

Total

    

Total

  

December 31, 2019

                                

Subject to discretionary withdrawal:

                                

With market value adjustment

   $ 3     $ -     $ 3       0 %

At fair value

     13       -       13       0 %

Total with market value adjustment or at fair value

   $ 16     $ -     $ 16       0 %

At book value without adjustment (minimal or no charge or adjustment)

     775       4       779       25 %

Not subject to discretionary withdrawal

     2,331       12       2,343       75 %

Total, gross

  $ 3,122     $ 16     $ 3,138       100 %

Less: Reinsurance ceded

     -       -       -          

Total, net

   $ 3,122     $ 16     $ 3,138          
                                 

December 31, 2018

                                

Subject to discretionary withdrawal:

                                

With market value adjustment

   $ 4     $ -     $ 4       0 %

At fair value

     13       -       13       0 %

Total with market value adjustment or at fair value

   $ 17     $ -     $ 17       0 %

At book value without adjustment (minimal or no charge or adjustment)

     504       4       508       14 %

Not subject to discretionary withdrawal

     3,316       12       3,328       86 %

Total, gross

  $ 3,837     $ 16     $ 3,853       100 %

Less: Reinsurance ceded

     -       -       -          

Total, net

   $ 3,837     $ 16     $ 3,853          

 

The following table is a reconciliation of total annuity actuarial reserves and deposit fund liabilities, as of the dates indicated:

 

   

December 31,

  

(in millions)

  

2019

    

2018

  

Life, accident and health annual statement:

                

Annuities, net (excluding supplemental contracts with life contingencies)

   $ 27,880     $ 26,750  

Supplemental contracts with life contingencies, net

     17       19  

Deposit-type contracts

     3,122       3,837  

Subtotal

   $ 31,019     $ 30,606  
                 

Separate accounts annual statement:

                

Annuities, net (excluding supplemental contracts with life contingencies)

   $ 82,264     $ 72,539  

Other contract deposit funds

     16       16  

Subtotal

   $ 82,280     $ 72,555  

Total annuity actuarial reserves and deposit fund liabilities, net

   $ 113,299     $ 103,161  

 

F-19
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the analysis of life actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

   

General account

    

Separate account - nonguaranteed

  
   

Account

    

Cash

            

Account

    

Cash

          

(in millions)

  

value

    

value

    

Reserve

    

value

    

value

    

Reserve

  

December 31, 2019

                                                

Subject to discretionary withdrawal, surrender values or policy loans:

                                                

Term policies with cash value

   $ -     $ 11     $ 11     $ -     $ -     $ -  

Universal life

     2,549       2,561       2,728       -       -       -  

Universal life with secondary guarantees

     335       265       613       -       -       -  

Indexed universal life with secondary guarantees

     140       99       146       -       -       -  

Other permanent cash value life insurance

     -       1,328       2,676       -       -       -  

Variable life

     1,903       1,992       2,080       21,853       21,840       19,596  

Subtotal

   $ 4,927     $ 6,256     $ 8,254     $ 21,853     $ 21,840     $ 19,596  

Not subject to discretionary withdrawal or no cash value:

                                                

Term policies without cash value

     -       -       299       -       -       -  

Accidental death benefits

     -       -       1       -       -       -  

Disability - active lives

     -       -       12       -       -       -  

Disability - disabled lives

     -       -       57       -       -       -  

Miscellaneous reserves

     -       -       36       -       -       -  

Total, gross

  $ 4,927     $ 6,256     $ 8,659     $ 21,853       21,840       19,596  

Less: reinsurance ceded

     (10 )     (10 )     (272 )     -       -       -  

Total, net

   $ 4,917     $ 6,246     $ 8,387     $ 21,853       21,840       19,596  

 

F-20
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

   

General account

    

Separate account - nonguaranteed

  
   

Account

    

Cash

            

Account

    

Cash

          

(in millions)

  

value

    

value

    

Reserve

    

value

    

value

    

Reserve

  

December 31, 2018

                                                

Subject to discretionary withdrawal, surrender values or policy loans:

                                                

Term policies with cash value

   $ -     $ 11     $ 11     $ -     $ -     $ -  

Universal life

     2,682       2,692       2,704       -       -       -  

Universal life with secondary guarantees

     309       245       534       -       -          

Indexed universal life with secondary guarantees

     103       73       108       -       -       -  

Other permanent cash value life insurance

     -       1,478       2,731       -       -       -  

Variable life

     1,626       1,715       1,799       16,599       16,583       16,583  

Subtotal

   $ 4,720     $ 6,214     $ 7,887     $ 16,599     $ 16,583     $ 16,583  

Not subject to discretionary withdrawal or no cash value:

                                                

Term policies without cash value

     -       -       337       -       -       -  

Accidental death benefits

     -       -       1       -       -       -  

Disability - active lives

     -       -       10       -       -       -  

Disability - disabled lives

     -       -       53       -       -       -  

Miscellaneous reserves

     -       -       35       -       -       -  

Total, gross

  $ 4,720     $ 6,214     $ 8,323     $ 16,599       16,583       16,583  

Less: reinsurance ceded

     (11 )     (11 )     (294 )     -       -       -  

Total, net

   $ 4,709     $ 6,203     $ 8,029     $ 16,599       16,583       16,583  

 

The following table is a reconciliation of life actuarial reserves, as of the dates indicated:

 

   

December 31,

  

(in millions)

  

2019

    

2018

  

Life, accident and health annual statement:

                

Life Insurance, net

   $ 8,292     $ 7,937  

Accidental death benefits, net

     1       1  

Disability - active lives, net

     10       9  

Disability - disabled lives, net

     52       50  

Miscellaneous reserves section, net

     32       31  

Subtotal

   $ 8,387     $ 8,028  
                 

Separate accounts annual statement:

                

Annuities, net (excluding supplemental contracts with life contingencies)

   $ 22,138     $ 18,905  

Other contract deposit funds

     5       2  

Subtotal

   $ 22,143     $ 18,907  

Total annuity actuarial reserves and deposit fund liabilities, net

   $ 30,530     $ 26,935  

 

F-21
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Direct Premium Written by Managing General Agents and Third-Party Administrators

 

The following table summarizes direct premium written by managing general agents and third-party administrators as of December 31, 2019:

 

(in millions)

  

 

  

 

 

 

  

 

  

Managing general agent/ third party reserve

   FEIN number  

Exclusive

contract

 Types of

business written

 Types of authority

granted1

  

  Total Direct

Premium

  

RMTS - Manufacturers & Traders Trust Co.

     20-1049240  

Not Exclusive

Accident & health

C / CA / B / P / U

   $ 29  

Fringe Insurance Benefits, Inc.

     74-2616364  

Not Exclusive

Accident & health

B / P / U

     44  

Star Line Group

     04-3499188  

Not Exclusive

Accident & health

C / CA / B / P / U

     11  

Consolidated Health Plans

     04-3187843  

Exclusive

Accident & health

C / CA / P / B

     53  

AccuRisk Solutions, LLC

     31-1777676  

Not Exclusive

Accident & health

C / CA / B / P /U

     59  

Merchants Benefit Administration, Inc.

     86-0875918  

Exclusive

Accident & health

B / C / CA / P

     6  

Roundstone Management, Ltd.

     27-0371422  

Not Exclusive

Accident & health

C / CA / B / P / U

     70  

Health Insurance Innovations

     46-1282634  

Not Exclusive

Accident & health

B / P / U

     1  

Gilsbar, Inc.

     72-0519951  

Not Exclusive

Accident & health

B / P / U

     23  

Matrix

     01-0544915  

Not Exclusive

Accident & health

C / CA / B / P / U

     18  

IRC

     74-2824053  

Not Exclusive

Accident & health

C / CA / B / P / U

     26  

TMS RE Inc

     65-0644164  

Not Exclusive

Accident & health

C / CA / B / P / U

     94  

United Group Programs Inc.

     59-1896277  

Not Exclusive

Accident & health

C / CA / B / P / U

     7  

USMGU

     46-4619917  

Not Exclusive

Accident & health

C / CA / B / P / U

     3  

Total Direct Premiums Written and Produced

  $ 444  
 

1

Authority code key includes: C– claims payment, CA– claims adjustment, B- binding authority, P-premium collection, U- underwriting.

 

F-22
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(4)

Separate Accounts

 

The Company’s separate account statement includes assets legally insulated from the general account as of the dates indicated, attributed to the following product lines:

 

   

December 31, 2019

    

December 31, 2018

  

(in millions)

  

Separate

account assets

legally

insulated

    

Separate

account

assets

(not legally

insulated)

    

Separate

account assets

legally

insulated

    

Separate

account

assets

(not legally

insulated)

  

Product / Transaction:

                                

Individual annuities

   $ 67,222     $ -     $ 59,425     $ -  

Group annuities

     16,187       -       14,376       -  

Life insurance

     22,246       -       19,073       -  

Total

   $ 105,655     $ -     $ 92,874     $ -  

 

The following table summarizes amounts paid towards separate account guarantees by the general account and related risk charges paid by the separate account for the years ended:

 

(in millions)

  

Total paid toward

separate account

guarantees

    

Risk charges paid to

general account

  

2019

   $ 58     $ 612  

2018

   $ 18     $ 594  

2017

   $ 13     $ 559  

2016

   $ 36     $ 507  

2015

   $ 21     $ 465  

 

The Company does not engage in securities lending transactions within its separate accounts.

 

Most separate accounts held by the Company relate to individual and group variable annuity and variable universal life insurance contracts of a non-guaranteed return nature. The net investment experience of the separate accounts is credited directly to the contract holder and can be positive or negative. The individual variable annuity contracts generally provide an incidental death benefit of the greater of account value or premium paid (net of prior withdrawals). However, many individual variable annuity contracts also provide death benefits equal to (i) the most recent fifth-year anniversary account value, (ii) the highest account value on any previous anniversary, (iii) premiums paid increased 5% or certain combinations of these, all adjusted for prior withdrawals. The death benefit and cash value under the variable universal life policies may vary with the investment performance of the underlying investments in the separate accounts. The assets and liabilities of these separate accounts are carried at fair value and are non-guaranteed.

 

Certain other separate accounts relate to a guaranteed term option, which provides a guaranteed interest rate that is paid over certain maturity durations ranging from three to ten years, so long as certain conditions are met. If amounts allocated to the guaranteed term option are distributed prior to the maturity period, a market value adjustment can be assessed. The assets and liabilities of these separate accounts are carried at fair value and are included as a nonindexed guarantee.

 

Another separate account offered by the Company contains a group of universal life policies wherein the assets supporting the account values on the underlying policies reside in a Private Placement Separate Account. It provides an annual interest rate guarantee, subject to a minimum guarantee of 3%. The interest rate declared each year reflects the anticipated investment experience of the account and are included as a nonindexed guarantee less than or equal to 4%.

 

Another separate account offered by the Company contains a group of variable universal life policies wherein the assets supporting the account values on the underlying policies reside in a Private Placement Variable Separate Account. It provides a quarterly interest rate based on a crediting formula that reflects the market value to book value ratio of the investments, investment portfolio yield and a specified duration. The business has been included as a nonindexed guarantee less than or equal to 4%.

 

F-23
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following tables summarize the separate account reserves of the Company, as of the dates indicated:

 

           

Nonindexed

    

Nonindexed

                  
           

guarantee

    

guarantee

    

Nonguaranteed

          
           

less than or

    

more than

    

separate

          

(in millions)

  

Indexed

    

equal to 4%

      4%    

accounts

    

Total

  

December 31, 2019

                                  

Premiums, considerations or deposits

   $ -     $ 135     $ -     $ 6,007     $ 6,142  

Reserves

                                  

For accounts with assets at:

                                        

Fair value

   $ -     $ 2,202     $ 146     $ 99,612     $ 101,960  

Amortized cost

     -       2,463       -       -       2,463  

Total reserves

   $ -     $ 4,665     $ 146     $ 99,612     $ 104,423  

By withdrawal characteristics:

                                        

With market value adjustment

   $ -     $ 2,202     $ 146     $ 29     $ 2,377  

At book value without market value adjustment and with current surrender charge of 5% or more

     -       -       -       -       -  

At fair value

     -       -       -       99,499       99,499  

At book value without market value adjustment and with current surrender charge less than 5%

     -       2,463       -       13       2,476  

Subtotal

   $ -     $ 4,665     $ 146     $ 99,541     $ 104,352  

Not subject to discretionary withdrawal

     -       -       -       71       71  

Total reserves1

   $ -     $ 4,665     $ 146     $ 99,612     $ 104,423  
 

1

The total reserves balance does not equal the liabilities related to separate accounts of $105.7 billion in the Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus by $1.2 billion, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above.

 

           

Nonindexed

    

Nonindexed

                  
           

guarantee

    

guarantee

    

Nonguaranteed

          
           

less than or

    

more than

    

separate

          

(in millions)

  

Indexed

    

equal to 4%

      4%    

accounts

    

Total

  

December 31, 2018

                                  

Premiums, considerations or deposits

   $ -     $ 122     $ -     $ 6,270     $ 6,392  

Reserves

                                  

For accounts with assets at:

                                        

Fair value

   $ -     $ 2,371     $ 198     $ 86,569     $ 89,138  

Amortized cost

     -       2,322       -       -       2,322  

Total reserves

   $ -     $ 4,693     $ 198     $ 86,569     $ 91,460  

By withdrawal characteristics:

                                        

With market value adjustment

   $ -     $ 2,371     $ 198     $ -     $ 2,569  

At book value without market value adjustment and with current surrender charge of 5% or more

     -       -       -       -       -  

At fair value

     -       -       -       86,493       86,493  

At book value without market value adjustment and with current surrender charge less than 5%

     -       2,322       -       15       2,337  

Subtotal

   $ -     $ 4,693     $ 198     $ 86,508     $ 91,399  

Not subject to discretionary withdrawal

     -       -       -       61       61  

Total reserves1

   $ -     $ 4,693     $ 198     $ 86,569     $ 91,460  
 

1

The total reserves balance does not equal the liabilities related to separate accounts of $92.9 billion in the Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus by $1.4 billion, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above.

 

F-24
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table is a reconciliation of net transfers to (from) separate accounts, as of the dates indicated:

 

   

December 31,

  

(in millions)

  

2019

    

2018

    

2017

  

Transfers as reported in the statutory statements of operations of the separate accounts:

                        

Transfers to separate accounts

   $ 6,142     $ 6,392     $ 6,732  

Transfers from separate accounts

     (9,470 )     (8,461 )     (7,327 )

Net transfers from separate accounts

  $ (3,328 )   $ (2,069 )   $ (595 )

Reconciling adjustments:

                        

Exchange accounts offsetting in the general account

     (321 )     (303 )     (255 )

Fees not included in general account transfers

     (68 )     (58 )     (67 )

Other miscellaneous adjustments not included in the general account balance

     (30 )     (38 )     (33 )

Transfers as reported in the statutory statements of operations

  $ (3,747 )   $ (2,468 )   $ (950 )

 

F-25
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(5)

Investments

 

Bonds and Stocks

 

The following table summarizes the carrying value, the excess of fair value over carrying value, the excess of carrying value over fair value and the fair value of bonds and stocks, as of the dates indicated:

 

(in millions)

  

Carrying

value

    

Fair value in

excess of

carrying

value

    

Carrying

value in

excess of fair

value

    

Fair value

  

December 31, 2019

                                

Bonds:

                                

U.S. Government

   $ 7     $ -     $ -     $ 7  

States, territories and possessions

     398       42       1       439  

Political subdivisions

     344       52       1       395  

Special revenues

     2,702       370       5       3,067  

Industrial and miscellaneous

     26,240       2,012       65       28,187  

Loan-backed and structured securities

     5,433       238       31       5,640  

Total bonds

   $ 35,124     $ 2,714     $ 103     $ 37,735  

Common stocks unaffiliated

   $ 181     $ -     $ -     $ 181  

Common stocks affiliated1

     2,386       -       -       2,386  

Preferred stocks unaffiliated

     55       4       -       59  

Total stocks

   $ 2,622     $ 4     $ -     $ 2,626  

Total bonds and stocks

   $ 37,746     $ 2,718     $ 103     $ 40,361  
                                 

December 31, 2018

                                

Bonds:

                                

U.S. Government

   $ 8     $ -     $ -     $ 8  

States, territories and possessions

     363       25       2       386  

Political subdivisions

     268       35       1       302  

Special revenues

     2,043       191       6       2,228  

Industrial and miscellaneous

     24,661       438       738       24,361  

Loan-backed and structured securities

     5,005       188       59       5,134  

Total bonds

  $ 32,348     $ 877     $ 806     $ 32,419  

Common stocks unaffiliated

   $ 138     $ -     $ -     $ 138  

Common stocks affiliated1

     1,644       -       -       1,644  

Preferred stocks unaffiliated

     38       6       2       42  

Total stocks

   $ 1,820     $ 6     $ 2     $ 1,824  

Total bonds and stocks

   $ 34,168     $ 883     $ 808     $ 34,243  
 

1

Includes investment in NLAIC and JNF of $2.2 billion and $169 million as of December 31, 2019, respectively, and $1.5 billion and $175 million as of December 31, 2018, respectively.

 

The carrying value of bonds on deposit with various states as required by law or special escrow agreement was $3 million as of December 31, 2019 and 2018.

 

F-26
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the carrying value and fair value of bonds, by contractual maturity, as of December 31, 2019. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without early redemption penalties:

 

(in millions)

  

Carrying value

    

Fair value

  

Bonds:

                

Due in one year or less

   $ 1,000     $ 1,009  

Due after one year through five years

     6,874       7,141  

Due after five years through ten years

     10,404       10,997  

Due after ten years

     11,413       12,948  

Total bonds excluding loan-backed and structured securities

   $ 29,691     $ 32,095  

Loan-backed and structured securities

     5,433       5,640  

Total bonds

  $ 35,124     $ 37,735  

 

The following table summarizes the fair value and unrealized losses on bonds and stocks (amount by which cost or amortized cost exceeds fair value), for which other-than-temporary declines in value have not been recognized, based on the amount of time each type of bond or stock has been in an unrealized loss position, as of the dates indicated:

 

   

Less than or equal to one

year

    

More than one year

    

Total

  

(in millions)

  

Fair

value

    

Unrealized

losses

    

Fair

value

    

Unrealized

losses

    

Fair

value

    

Unrealized

losses

  

December 31, 2019

                                                

Bonds:

                                                

States, territories and possessions

     23       1       -       -       23       1  

Political subdivisions

     65       1       -       -       65       1  

Special revenues

     397       5       -       -       397       5  

Industrial and miscellaneous

     852       9       911       103       1,763       112  

Loan-backed and structured securities

     704       6       1,124       28       1,828       34  

Total bonds

   $ 2,041     $ 22     $ 2,035     $ 131     $ 4,076     $ 153  

Common stocks unaffiliated

     32       -       16       1       48       1  

Preferred stocks unaffiliated

     1       -       -       -       1       -  

Total bonds and stocks

   $ 2,074     $ 22     $ 2,051     $ 132     $ 4,125     $ 154  
                                                 

December 31, 2018

                                                

Bonds:

                                                

U.S. Government

   $ -     $ -     $ 1     $ -     $ 1     $ -  

States, territories and possessions

     107       2       -       -       107       2  

Political subdivisions

     29       1       -       -       29       1  

Special revenues

     230       4       53       3       283       7  

Industrial and miscellaneous

     10,798       437       4,314       368       15,112       805  

Loan-backed and structured securities

     1,950       24       649       41       2,599       65  

Total bonds

   $ 13,114     $ 468     $ 5,017     $ 412     $ 18,131     $ 880  

Common stocks unaffiliated

     39       6       -       -       39       6  

Preferred stocks unaffiliated

     35       2       -       -       35       2  

Total bonds and stocks

   $ 13,188     $ 476     $ 5,017     $ 412     $ 18,205     $ 888  

 

As of December 31, 2019, management evaluated securities in an unrealized loss position and all non-marketable securities for impairment. As of the reporting date, the Company does not have the intent to sell and has the intent and ability to hold these securities until the fair value recovers, which may be maturity, and therefore, does not consider the securities to be other-than-temporarily impaired.

 

F-27
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

There was no intent to sell other-than-temporary impairments on loan-backed and structured securities for the years ended December 31, 2019 and 2018.

 

Mortgage Loans, Net of Allowance

 

The following table summarizes the amortized cost of mortgage loans by method of evaluation for credit loss, and the related valuation allowances by type of credit loss, as of the dates indicated:

 

   

December 31,

  

(in millions)

  

2019

    

2018

  

Amortized cost:

                

Loans with non-specific reserves

   $ 7,675     $ 7,783  

Loans with specific reserves

     14       6  

Total amortized cost

   $ 7,689     $ 7,789  

Valuation allowance:

                

Non-specific reserves

   $ 31     $ 23  

Specific reserves

     3       2  

Total valuation allowance1

   $ 34     $ 25  

Mortgage loans, net of allowance

   $ 7,655     $ 7,764  
 

1

Changes in the valuation allowance are due to current period provisions. These changes in the valuation allowance for the years ended December 31, 2019, 2018, and 2017 were immaterial.

 

As of December 31, 2019 and 2018, the Company’s mortgage loans classified as delinquent and/or in non-accrual status were immaterial in relation to the total mortgage loan portfolio.

 

The following table summarizes the LTV ratio and DSC ratio of the mortgage loan portfolio as of the dates indicated:

 

   

LTV ratio

    

DSC ratio

  

(in millions)

  

Less than

90%

    

90% or

greater

    

Total

    

Greater than

1.00

    

Less than

1.00

    

Total

  

December 31, 2019

                                                

Apartment

   $ 2,958     $ 125     $ 3,083     $ 3,071     $ 12     $ 3,083  

Industrial

     905       -       905       904       1       905  

Office

     1,305       -       1,305       1,291       14       1,305  

Retail

     2,167       9       2,176       2,156       20       2,176  

Other

     220       -       220       220       -       220  

Total

   $ 7,555     $ 134     $ 7,689     $ 7,642     $ 47     $ 7,689  

Weighted average DSC ratio

     2.13       1.19       2.11       2.12       0.90       2.11  

Weighted average LTV ratio

     54 %     95 %     54 %     54 %     72 %     54 %
                                                 

December 31, 2018

                                                

Apartment

   $ 3,064     $ 71     $ 3,135     $ 3,135     $ -     $ 3,135  

Industrial

     953       10       963       959       4       963  

Office

     1,329       -       1,329       1,323       6       1,329  

Retail

     2,169       -       2,169       2,167       2       2,169  

Other

     193       -       193       193       -       193  

Total

   $ 7,708     $ 81     $ 7,789     $ 7,777     $ 12     $ 7,789  

Weighted average DSC ratio

     2.08       1.59       2.07       2.07       0.76       2.07  

Weighted average LTV ratio

     55 %     94 %     56 %     56 %     61 %     56 %

 

As of December 31, 2019 and 2018, the Company has a diversified mortgage loan portfolio with no more than 23% and 24%, respectively, in a geographic region in the U.S. and no more than 1% with any one borrower. The maximum and minimum lending rates for mortgage loans originated or acquired during 2019 were 12.0% and 3.1%, respectively, and for those originated or acquired during 2018 were 10.0% and 2.8%, respectively. As of December 31, 2019 and 2018, the maximum LTV ratio of any one loan at the time of loan origination was 82% and 85%. As of December 31, 2019 and 2018, the Company did not hold mortgage loans with interest 90 days or more past due. Additionally, there were no taxes, assessments or any amounts advanced and not included in the mortgage loan portfolio.

 

F-28
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Securities Lending

 

The fair value of loaned securities was $306 million and $145 million as of December 31, 2019 and 2018, respectively. The Company held $132 million and $101 million of cash collateral on securities lending as of December 31, 2019 and 2018, respectively. As of December 31, 2019, the carrying value and fair value of reinvested collateral assets was $133 million. As of December 31, 2018, the carrying value and fair value of reinvested collateral assets was $101 million. The fair value of bonds acquired with reinvested collateral assets was $134 million and $102 million as of December 31, 2019 and 2018, respectively. There are no securities lending transactions that extend beyond one year as of the reporting date. The Company received $180 million and $48 million of non-cash collateral on securities lending as of December 31, 2019 and 2018, respectively.

 

Low-Income Housing Tax Credit Funds

 

The amount of low-income housing tax credits and other tax benefits recognized was $35 million, $33 million and $32 million for the years ended December 31, 2019, 2018 and 2017, respectively.

 

The partnership interests in low-income housing tax credit funds recognized in the statements of admitted assets, liabilities, capital and surplus was $174 million and $166 million as of December 31, 2019 and 2018, respectively.

 

Net Investment Income

 

The following table summarizes net investment income by investment type, for the years ended:

 

   

December 31,

  

(in millions)

  

2019

    

2018

    

2017

  

Bonds

   $ 1,408     $ 1,378     $ 1,414  

Mortgage loans

     353       335       335  

Policy loans

     45       54       38  

Other

     276       269       272  

Gross investment income

   $ 2,082     $ 2,036     $ 2,059  

Investment expenses

     (108 )     (109 )     (101 )

Net investment income

   $ 1,974     $ 1,927     $ 1,958  

 

There was no investment income due and accrued that was nonadmitted as of December 31, 2019 and 2018.

 

Net Realized Capital Gains and Losses

 

The following table summarizes net realized capital gains and losses for the years ended:

 

   

December 31,

  

(in millions)

  

2019

    

2018

    

2017

  

Gross gains on sales

   $ 71     $ 22     $ 44  

Gross losses on sales

     (21 )     (16 )     (31 )

Net realized gains on sales

   $ 50     $ 6     $ 13  

Net realized derivative losses

     (515 )     (226 )     (382 )

Other-than-temporary impairments

     (5 )     (8 )     (3 )

Total net realized losses on sales

  $ (470 )   $ (228 )   $ (372 )

Tax expense on net losses

     7       8       26  

Net realized capital losses, net of tax

   $ (477 )   $ (236 )   $ (398 )

Less: Realized (losses) gains transferred to the IMR

     -       (1 )     3  

Net realized capital losses, net of tax and transfers to the IMR

   $ (477 )   $ (235 )   $ (401 )

 

For the year ended December 31, 2019, gross realized gains and gross realized losses on sales of bonds were $56 million and $19 million, respectively. For the year ended December 31, 2018, gross realized gains and gross realized losses on sales of bonds were $15 million and $13 million, respectively. For the year ended December 31, 2017, gross realized gains and gross realized losses on sales of bonds were $42 million and $26 million, respectively.

 

The Company did not enter into any material repurchase transactions that would be considered wash sales during the years ended December 31, 2019 and 2018.

 

F-29
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Investment Commitments

 

The Company had unfunded commitments related to its investment in limited partnerships and limited liability companies totaling $496 million and $454 million as of December 31, 2019 and 2018, respectively. As of December 31, 2019 and 2018, there were $45 million and $179 million of commitments to purchase private placement bonds, $147 million and $7 million of outstanding commitments to fund mortgage loans and $0 and $11 million of outstanding commitments to purchase common stock, respectively.

 

(6)

Derivative Instruments

 

The Company is exposed to certain risks related to its ongoing business operations which are managed using derivative instruments.

 

Interest rate risk management. In the normal course of business, the Company enters into transactions that expose it to interest rate risk arising from mismatches between assets and liabilities. The Company may use interest rate swaps and futures to reduce or alter interest rate exposure.

 

Interest rate contracts are used by the Company in association with fixed and variable rate investments to achieve cash flow streams that support certain financial obligations of the Company and to produce desired investment returns. As such, interest rate contracts are generally used to convert fixed rate cash flow streams to variable rate cash flow streams or vice versa.

 

Equity market risk management. The Company issues a variety of insurance products that expose it to equity risks. To mitigate these risks, the Company enters into a variety of derivatives including equity index futures, options and total return swaps.

 

Other risk management. As part of its regular investing activities, the Company may purchase foreign currency denominated investments. These investments and the associated income expose the Company to volatility associated with movements in foreign exchange rates. As foreign exchange rates change, the increase or decrease in the cash flows of the derivative instrument are intended to mitigate the changes in the functional-currency equivalent cash flows of the hedged item. To mitigate this risk, the Company uses cross-currency swaps.

 

Credit risk associated with derivatives transactions. The Company periodically evaluates the risks within the derivative portfolios due to credit exposure. When evaluating this risk, the Company considers several factors which include, but are not limited to, the counterparty credit risk associated with derivative receivables, the Company’s own credit as it relates to derivative payables, the collateral thresholds associated with each counterparty and changes in relevant market data in order to gain insight into the probability of default by the counterparty. As of December 31, 2019 and 2018, the impact of the exposure to credit risk on the fair value measurement of derivatives and the effectiveness of the Company’s hedging relationships was immaterial.

 

F-30
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the fair value and related notional amounts of derivative instruments, as of the dates indicated:

 

(in millions)

  

Notional

amount

    

Net carrying

value

    

Fair value

asset

    

Fair value

liability

    

Average fair

value

  

December 31, 2019

                                        

Interest rate swaps

   $ 7     $ (1 )   $ -     $ (1 )   $ -  

Options

     202       6       6       -       1  

Cross currency swaps

     1,537       66       99       (19 )     1  

Futures

     3,153       -       -       -       -  

Total

   $ 4,899     $ 71     $ 105     $ (20 )   $ 2  
                                         

December 31, 2018

                                        

Interest rate swaps

   $ 7     $ (1 )   $ -     $ (1 )   $ (1 )

Options

     234       2       2       -       -  

Cross currency swaps

     1,441       79       90       (36 )     1  

Futures

     2,647       -       -       -       -  

Total

   $ 4,329     $ 80     $ 92     $ (37 )   $ -  

 

Of the $105 million and $92 million of fair value of derivative assets as of December 31, 2019 and 2018, $14 million and $24 million were subject to master netting agreements, the Company received $68 million and $52 million of cash collateral and $45 million and $22 million in pledged securities, resulting in an immaterial uncollateralized position as of December 31, 2019 and 2018. Of the $20 million and $37 million of fair value of derivative liabilities as of December 31, 2019 and 2018, $14 million and $24 million were subject to master netting agreements, the Company posted $3 million and $12 million of cash collateral respectively, resulting in an immaterial uncollateralized position as of December 31, 2019 and 2018. Securities received as collateral are recorded off-balance sheet and exclude initial margin posted on derivatives of $128 million and $127 million as of December 31, 2019 and 2018, respectively.

 

The following table summarizes net gains and losses on derivatives programs by type of derivative instrument, as of the dates indicated:

 

   

Net realized (losses) gains recorded in operations

    

Unrealized (losses) gains recorded in capital and surplus

  
   

December 31,

    

December 31,

  

(in millions)

  

2019

    

2018

    

2017

    

2019

    

2018

    

2017

  

Interest rate swaps

   $ -     $ (5 )   $ -     $ -     $ 35     $ (1 )

Options

     3       (313 )     3       4       244       (64 )

Cross currency swaps

     (1 )     -       -       (13 )     65       (103 )

Futures

     (517 )     92       (385 )     (169 )     132       (41 )

Total

   $ (515 )   $ (226 )   $ (382 )   $ (178 )   $ 476     $ (209 )

 

F-31
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(7)

Fair Value Measurements

 

The following table summarizes assets and liabilities held at fair value as of December 31, 2019:

 

(in millions)

  

Level 1

    

Level 2

    

Level 3

    

Net Asset

Value (NAV)

    

Total

  

Assets

                                        

Bonds:

                                        

Industrial and miscellaneous

     -       3       6       -       9  

Common stocks unaffiliated

     68       112       1       -       181  

Derivative assets

     -       -       6       -       6  

Separate account assets

     101,312       1,857       87       2,091       105,347  

Assets at fair value

   $ 101,380     $ 1,972     $ 100     $ 2,091       105,543  

Liabilities

                                        

Derivative liabilities

   $ -     $ 1     $ -     $ -       1  

Liabilities at fair value

   $ -     $ 1     $ -     $ -       1  

 

The following table presents the rollforward of Level 3 assets and liabilities held at fair value during the year ended December 31, 2019:

 

(in millions)

  

Bonds

    

Common

stocks

unaffiliated

    

Derivative assets1

    

Separate

account

assets

    

Assets

at fair

value

  

Balance as of December 31, 2018

   $ 8     $ 1     $ 2     $ 80     $ 91  

Net gains (losses):

                                        

In operations

     -       -       3       -       3  

In surplus

     (4 )     -       4       7       7  

Purchases

     3       -       6       -       9  

Sales

     (5 )     -       (9 )     -       (14 )

Transfers into Level 3

     24       -       -       -       24  

Transfers out of Level 3

     (20 )     -       -       -       (20 )

Balance as of December 31, 2019

   $ 6     $ 1     $ 6     $ 87       100  
 

1

Non-binding broker quotes are utilized to determine fair value of all Level 3 derivative assets.

 

Bonds transfers into and/or out of Level 3 during the year ended December 31, 2019 are due to the changes in observability of pricing inputs and changes resulting from application of the lower of amortized cost or fair value rules based on the security’s NAIC designation.

 

F-32
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes assets and liabilities held at fair value as of December 31, 2018:

 

(in millions)

  

Level 1

    

Level 2

    

Level 3

    

Net Asset

Value (NAV)

    

Total

  

Assets

                                        

Bonds:

                                        

Special Revenues

   $ -     $ 1     $ -     $ -     $ 1  

Industrial and miscellaneous

     -       7       8       -       15  

Common stocks unaffiliated

     45       78       1       14       138  

Derivative assets

     -       -       2       -       2  

Separate account assets

     88,994       2,106       80       1,390       92,570  

Assets at fair value

   $ 89,039     $ 2,192     $ 91     $ 1,404     $ 92,726  

Liabilities

                                        

Derivative liabilities

   $ -     $ 1     $ -     $ -     $ 1  

Liabilities at fair value

   $ -     $ 1     $ -     $ -     $ 1  

 

The following table presents the rollforward of Level 3 assets and liabilities held at fair value during the year ended December 31, 2018:

 

(in millions)

  

Bonds

    

Common

stocks

unaffiliated

    

Derivative

assets1

    

Separate

account

assets

    

Assets

at fair value

  

Balance as of December 31, 2017

   $ 8     $ 1     $ 278     $ 61     $ 348  

Net gains (losses):

                                        

In operations

     2       (1 )     (313 )     -       (312 )

In surplus

     1       -       244       19       264  

Purchases

     3       1       36       -       40  

Sales

     (7 )     -       (243 )     -       (250 )

Transfers into Level 3

     4       -       -       -       4  

Transfers out of Level 3

     (3 )     -       -       -       (3 )

Balance as of December 31, 2018

   $ 8     $ 1     $ 2     $ 80       91  
 

1

Non-binding broker quotes are utilized to determine fair value of all Level 3 derivative assets.

 

Bond transfers into and/or out of Level 3 during the year ended December 31, 2018 are due to the changes in observability of pricing inputs and changes resulting from application of the lower of amortized cost or fair value rules based on the security’s NAIC designation.

 

F-33
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the carrying value and fair value of the Company’s assets and liabilities not held at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described below or in Note 2.

 

   

Fair Value

          

(in millions)

  

Level 1

    

Level 2

    

Level 3

    

Total fair value

    

Carrying value

  

December 31, 2019

                                        

Assets:

                                        

Bonds1

   $ 1,494     $ 35,302     $ 930     $ 37,726     $ 35,115  

Preferred stocks unaffiliated

     -       59       -       59       55  

Mortgage loans, net of allowance

     -       -       7,856       7,856       7,655  

Policy loans

     -       -       903       903       903  

Derivative assets

     -       99       -       99       88  

Short-term investments

     7       615       -       622       622  

Securities lending collateral assets

     132       -       -       132       132  

Separate account assets

     3       334       -       337       308  

Total assets

   $ 1,636     $ 36,409     $ 9,689     $ 47,734     $ 44,878  

Liabilities:

                                        

Investment contracts

   $ -     $ -     $ 22,186     $ 22,186     $ 25,720  

Derivative liabilities

     -       19       -       19       22  

Total liabilities

   $ -     $ 19     $ 22,186     $ 22,205     $ 25,742  
                                         

December 31, 2018

                                        

Assets:

                                        

Bonds1

   $ 1,139     $ 30,416     $ 848     $ 32,403     $ 32,332  

Preferred stocks unaffiliated

     -       42       -       42       38  

Mortgage loans, net of allowance

     -       -       7,677       7,677       7,764  

Policy loans

     -       -       905       905       905  

Derivative assets

     -       90       -       90       98  

Short-term investments

     -       813       -       813       813  

Securities lending collateral assets

     100       1       -       101       101  

Separate account assets

     3       298       -       301       304  

Total assets

   $ 1,242     $ 31,660     $ 9,430     $ 42,332     $ 42,355  

Liabilities:

                                        

Investment contracts

   $ -     $ -     $ 23,511     $ 23,511     $ 25,432  

Derivative liabilities

     -       36       -       36       19  

Total liabilities

   $ -     $ 36     $ 23,511     $ 23,547     $ 25,451  
 

1

Level 3 is primarily composed of industrial and miscellaneous bonds.

 

Mortgage loans, net of allowance. The fair values of mortgage loans are estimated using discounted cash flow analyses based on interest rates currently being offered for similar loans to borrowers with similar credit ratings.

 

Policy loans. The carrying amount reported in the statutory statements of admitted assets, liabilities, capital and surplus approximates fair value as policy loans are fully collateralized by the cash surrender value of underlying insurance policies.

 

Securities lending collateral assets. These assets are comprised of bonds and short-term investments and the respective fair values are estimated based on the fair value methods described in Note 2.

 

Investment contracts. For investment contracts without defined maturities, fair value is the amount payable on demand, net of surrender charges. For investment contracts with known or determined maturities, fair value is estimated using discounted cash flow analysis. Interest rates used in this analysis are similar to currently offered contracts with maturities consistent with those remaining for the contracts being valued. The fair value of adjustable rate contracts approximates their carrying value.

 

F-34
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(8)

Federal Income Taxes

 

On December 22, 2017, the Tax Cuts and Jobs Act (“the Act”) was signed into law and became effective January 1, 2018. Impacts to the Company included a reduction in the corporate tax rate from 35% to 21%, repeal of the corporate alternative minimum tax (“AMT”) and other changes to the corporate tax rules. Upon the enactment of these tax law changes, the Company remeasured deferred tax assets and liabilities. As of December 31, 2017, the unfavorable impact to capital and surplus as a result of the remeasurement of the gross deferred tax assets and liabilities was partially offset by the favorable change in non-admitted assets, which includes the reclassification of the AMT credit to an admitted income tax receivable. Additional provisions of the Act applied to taxable years beginning after December 31, 2017, but were not effective as of the enactment date. Certain of these provisions, which included a reduced dividends received deduction, may adversely affect the Company’s future effective tax rate, taxable income and income tax expense.

 

As of December 31, 2017, the valuation of deferred tax assets and liabilities related to life insurance reserves based on tax reserve methodology changes in the Act reflected the Company’s best estimates and assumptions at that time. The Company recorded $52 million of provisional amounts in both deferred tax assets and deferred tax liabilities as of December 31, 2017, with no impact to net deferred tax assets. These provisional amounts were finalized as of December 31, 2018, which resulted in a $11 million increase to the provisional amounts recorded, with no impact to net deferred tax assets.

 

The following tables summarize the net admitted deferred tax assets, as of the dates indicated:

 

   

December 31, 2019

  

(in millions)

  

Ordinary

    

Capital

    

Total

  

Total gross deferred tax assets

   $ 730     $ 44     $ 774  

Statutory valuation allowance adjustment

     -       -       -  

Adjusted gross deferred tax assets

   $ 730     $ 44     $ 774  

Less: Deferred tax assets nonadmitted

     (13 )     (24 )     (37 )

Net admitted deferred tax assets

   $ 717     $ 20     $ 737  

Less: Deferred tax liabilities

     (134 )     (2 )     (136 )

Net admitted deferred tax assets

   $ 583     $ 18     $ 601  

 

   

December 31, 2018

  

(in millions)

  

Ordinary

    

Capital

    

Total

  

Total gross deferred tax assets

   $ 701     $ 57     $ 758  

Statutory valuation allowance adjustment

     -       -       -  

Adjusted gross deferred tax assets

   $ 701     $ 57     $ 758  

Less: Deferred tax assets nonadmitted

     (73 )     (33 )     (106 )

Net admitted deferred tax assets

   $ 628     $ 24     $ 652  

Less: Deferred tax liabilities

     (119 )     (1 )     (120 )

Net admitted deferred tax assets

   $ 509     $ 23     $ 532  

 

The following table summarizes components of the change in deferred income taxes reported in capital and surplus before consideration of nonadmitted assets and changes from the prior year, as of the dates indicated:

 

   

December 31,

          

(in millions)

  

2019

    

2018

    

Change

  

Adjusted gross deferred tax assets

   $ 774     $ 758     $ 16  

Total deferred tax liabilities

     (136 )     (120 )     (16 )

Net deferred tax assets

   $ 638     $ 638     $ -  

Less: Tax effect of unrealized gains

                     29  

Change in deferred income tax

                   $ (29 )

 

F-35
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following tables summarize components of the admitted deferred tax assets calculation, as of the dates indicated:

 

   

December 31, 2019

  

(in millions)

  

Ordinary

    

Capital

    

Total

  

Federal income taxes recoverable through loss carryback

   $ -     $ 6     $ 6  

Adjusted gross deferred tax assets expected to be realized1

     583       12       595  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

     134       2       136  

Admitted deferred tax assets

   $ 717     $ 20     $ 737  

 

   

December 31, 2018

  

(in millions)

  

Ordinary

    

Capital

    

Total

  

Federal income taxes recoverable through loss carryback

   $ -     $ -     $ -  

Adjusted gross deferred tax assets expected to be realized1

     509       23       532  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

     119       1       120  

Admitted deferred tax assets

   $ 628     $ 24     $ 652  
 

1

Note that this amount is calculated as the lesser of the adjusted gross deferred tax assets expected to be realized following the balance sheet due date or the adjusted gross deferred tax assets allowed per the limitation threshold. For the years ended December 31, 2019 and 2018, the threshold limitation for adjusted capital and surplus was $1.2 billion and $927 million, respectively.

 

The adjusted capital and surplus used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was $8.1 billion and $6.2 billion as of December 31, 2019 and 2018, respectively. The ratio percentage used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was 1,296% and 1,081% as of December 31, 2019 and 2018, respectively.

 

The following tables summarize the impact of tax planning strategies, as of the dates indicated:

 

   

December 31, 2019

  
   

Ordinary

    

Capital

    

Total

  

Adjusted gross deferred tax assets

     0.00 %     0.00 %     0.00 %

Net admitted adjusted gross deferred tax assets

     35.23 %     0.00 %     35.23 %

 

   

December 31, 2018

  
   

Ordinary

    

Capital

    

Total

  

Adjusted gross deferred tax assets

     0.00 %     0.00 %     0.00 %

Net admitted adjusted gross deferred tax assets

     12.14 %     0.00 %     12.14 %

 

The Company’s tax planning strategies included the use of affiliated reinsurance for the years ended December 31, 2019 and 2018.

 

There are no temporary differences for which deferred tax liabilities are not recognized.

 

F-36
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the tax effects of temporary differences and the change from the prior year, for the years ended:

 

   

December 31,

          

(in millions)

  

2019

    

2018

    

Change

  

Deferred tax assets

                       

Ordinary:

                       

Future policy benefits and claims

   $ 108     $ 107     $ 1  

Investments

     88       35       53  

Deferred acquisition costs

     201       136       65  

Policyholders' dividends accumulation

     5       6       (1 )

Compensation and benefits accrual

     10       11       (1 )

Tax credit carry-forward

     303       391       (88 )

Other

     15       15       -  

Subtotal

   $ 730     $ 701     $ 29  

Nonadmitted

     (13 )     (73 )     60  

Admitted ordinary deferred tax assets

   $ 717     $ 628     $ 89  

Capital:

                        

Investments

     44       57       (13 )

Subtotal

   $ 44     $ 57     $ (13 )

Nonadmitted

     (24 )     (33 )     9  

Admitted capital deferred tax assets

   $ 20     $ 24     $ (4 )

Admitted deferred tax assets

   $ 737     $ 652     $ 85  
                         

Deferred tax liabilities

                        

Ordinary:

                       

Investments

   $ (26 )   $ (35 )   $ 9  

Deferred and uncollected premium

     (6 )     (7 )     1  

Future policy benefits and claims

     (58 )     (73 )     15  

Deferred acquisition costs

     (43 )     -       (43 )

Other

     (1 )     (4 )     3  

Subtotal

   $ (134 )   $ (119 )   $ (15 )

Capital:

                        

Investments

     (2 )     (1 )     (1 )

Subtotal

   $ (2 )   $ (1 )   $ (1 )

Deferred tax liabilities

   $ (136 )   $ (120 )   $ (16 )

Net deferred tax assets

   $ 601     $ 532     $ 69  

 

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion of the total deferred tax assets will not be realized. Valuation allowances are established when necessary to reduce the deferred tax assets to amounts expected to be realized. Based on the Company’s analysis, it is more likely than not that the results of future operations and the implementation of tax planning strategies will generate sufficient taxable income to enable the Company to realize all deferred tax assets. Therefore, no valuation allowance has been established as of December 31, 2019 and 2018.

 

F-37
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The following table summarizes the Company’s income tax incurred and change in deferred income tax. The total income tax and change in deferred income tax differs from the amount obtained by applying the federal statutory rate to income (loss) before tax as follows, for the years ended:

 

   

December 31,

  

(in millions)

  

2019

    

2018

    

2017

  

Current income tax (benefit) expense

   $ (66 )   $ 73     $ (429 )

Change in deferred income tax (without tax on unrealized gains and losses)

     29       (72 )     446  

Total income tax (benefit) expense reported

   $ (37 )   $ 1     $ 17  
                         

Income before income and capital gains taxes

   $ 563     $ 783     $ 610  

Federal statutory tax rate

     21 %     21 %     35 %

Expected income tax expense at statutory tax rate

   $ 118     $ 164     $ 214  

Decrease in actual tax reported resulting from:

                        

Dividends received deduction

     (101 )     (99 )     (267 )

Change in tax reserves

     -       16       (14 )

Tax credits

     (53 )     (51 )     (81 )

Tax (benefit) expense related to the Act1

     -       (26 )     163  

Other

     (1 )     (3 )     2  

Total income tax (benefit) expense reported

   $ (37 )   $ 1     $ 17  
 

1

Prior year amount represents the remeasurement of deferred tax assets revised after return filing as a result of the Act.

 

The Company has $6 million and $0 in federal income tax expense available for recoupment in the event of future net losses as of December 31, 2019 and 2018, respectively.

 

Under the Act, the Company can continue to use AMT credit carryforwards to offset tax liability until 2021. To the extent that AMT credit carryovers exceed tax liabilities, 50% of the excess AMT credit carryovers remaining each year are refundable prior to 2021. Any remaining AMT credits will be fully refundable in 2021. The Company had $159 million and $284 million of an income tax receivable that was previously AMT credit carryforwards as of December 31, 2019 and 2018, respectively.

 

The following table summarizes operating loss or tax credit carry-forwards available as of December 31, 2019:

 

(in millions)

  

Amount

    

Origination

    

Expiration

  

Business credits

   $ 7       2010       2030  

Business credits

   $ 11       2011       2031  

Business credits

   $ 9       2012       2032  

Business credits

   $ 9       2013       2033  

Business credits

   $ 39       2014       2034  

Business credits

   $ 47       2015       2035  

Business credits

   $ 62       2016       2036  

Business credits

   $ 62       2017       2037  

Business credits

   $ 30       2018       2038  

Business credits

   $ 27       2019       2039  

 

F-38
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The Company is included in the NMIC consolidated federal income tax return which includes the following entities:

 

 

AGMC Reinsurance, Ltd.

Nationwide Financial General Agency, Inc.
 

Allied General Agency Company

Nationwide Financial Services, Inc.
 

Allied Group, Inc.

Nationwide General Insurance Company
 

Allied Holdings (Delaware), Inc.

Nationwide Global Holdings, Inc.
 

Allied Insurance Company of America

Nationwide Indemnity Company
 

Allied Property and Casualty Insurance Company

Nationwide Insurance Company of America
 

Allied Texas Agency, Inc.

Nationwide Insurance Company of Florida
 

AMCO Insurance Company

Nationwide Investment Services Corporation
 

American Marine Underwriters, Inc.

Nationwide Life and Annuity Insurance Company
 

Crestbrook Insurance Company

Nationwide Life Insurance Company
 

Depositors Insurance Company

Nationwide Lloyds
 

DVM Insurance Agency, Inc.

Nationwide Member Solutions Agency, Inc.
 

Eagle Captive Reinsurance, LLC

Nationwide Property and Casualty Ins. Company
 

Freedom Specialty Insurance Company

Nationwide Retirement Solutions, Inc.
 

Harleysville Group, Inc.

Nationwide Trust Company, FSB
 

Harleysville Insurance Company

NBS Insurance Agency, Inc.
 

Harleysville Insurance Company of New Jersey

NWD Investment Management, Inc.
 

Harleysville Insurance Company of New York

On Your Side Nationwide Insurance Agency, Inc.
 

Harleysville Lake States Insurance Company

Premier Agency, Inc.
 

Harleysville Life Insurance Company

Registered Investment Advisors Services, Inc.
 

Harleysville Preferred Insurance Company

Riverview International Group, Inc.
 

Harleysville Worcester Insurance Company

Scottsdale Indemnity Company
 

Jefferson National Financial Corporation

Scottsdale Insurance Company
 

Jefferson National Securities Corporation

Scottsdale Surplus Lines Insurance Company
 

JNF Advisors, Inc.

THI Holdings (Delaware), Inc.
 

Lone Star General Agency, Inc.

Titan Auto Insurance of New Mexico, Inc.
 

National Casualty Company

Titan Indemnity Company
 

Nationwide Advantage Mortgage Company

Titan Insurance Company
 

Nationwide Affinity Insurance Company of America

Titan Insurance Services, Inc.
 

Nationwide Agribusiness Insurance Company

V.P.I. Services, Inc.
 

Nationwide Assurance Company

Veterinary Pet Insurance Company
 

Nationwide Cash Management Company

Victoria Fire & Casualty Company
 

Nationwide Corporation

Victoria National Insurance Company
 

Nationwide Financial Assignment Company

Victoria Select Insurance Company
     
     

The method of allocation among the companies is based upon separate return calculations with current benefit for tax losses and credits utilized in the consolidated return.

 

The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code as of December 31, 2019 and 2018.

 

The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date.

 

F-39
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(9)

Short-Term Debt and Federal Home Loan Bank Funding Agreement

 

Short-Term Debt

 

The following table summarizes the carrying value of short-term debt and weighted average annual interest rates, as of the dates indicated:

 

   

December 31,

  

(in millions)

  

2019

    

2018

  

$750 million commercial paper program (1.75%)

   $ 200     $ 362  

Accrued interest payable

     3       3  

Total short-term debt

   $ 203     $ 365  

 

The Company participates in a commercial paper program with a limit of $750 million. The rating agency guidelines recommend that the Company maintain minimum liquidity backup, which includes cash and liquid assets, as well as committed bank lines, equal to 50% of any amounts outstanding under the commercial paper program. The commercial paper will not be redeemed prior to maturity or be subject to voluntary prepayment. Proceeds from the sale of the commercial paper will be used to meet working capital requirements and for general corporate purposes, including the funding of acquisitions.

 

As of December 31, 2018, the Company had access to borrow up to $250 million from the FHLB to provide financing for operations that expired on March 22, 2019. In March 2019, the Company renewed the agreement with the FHLB until March 22, 2020 and increased the borrowing limit from $250 million to $300 million. In March 2020, the Company renewed the agreement with the FHLB until March 19, 2021. The Company had $4.0 billion and $5.8 billion in eligible collateral and no amounts outstanding under the agreement as of December 31, 2019 and 2018, respectively.

 

The Company has entered into an agreement with its custodial bank to borrow against the cash collateral that is posted in connection with its securities lending program. The maximum amount available under the agreement is $350 million. The borrowing rate on this program is equal to one-month U.S. LIBOR. The Company had no amounts outstanding under this agreement as of December 31, 2019 and 2018.

 

The terms of certain debt instruments contain various restrictive covenants, including, but not limited to, minimum statutory surplus defined in the agreements. The Company was in compliance with all covenants as of December 31, 2019 and 2018.

 

The amount of interest paid on short-term debt was immaterial in 2019, 2018 and 2017.

 

Federal Home Loan Bank Funding Agreements

 

The Company is a member of the FHLB. Through its membership, the FHLB established the Company’s capacity for short-term borrowings and cash advances under the funding agreement program at up to 50% of total admitted assets.

 

The Company’s Board of Directors has authorized the issuance of funding agreements up to $4.0 billion to the FHLB, shared between the Company and NLAIC, in exchange for cash advances, which are collateralized by pledged securities. The Company uses these funds in an investment spread strategy, consistent with its other investment spread operations. As such, the Company applies SSAP No. 52, Deposit-Type Contracts, accounting treatment to these funds, consistent with its other deposit-type contracts. It is not part of the Company’s strategy to utilize these funds for operations, and any funds obtained from the FHLB for use in general operations would be accounted for consistent with SSAP No. 15, Debt and Holding Company Obligations, as borrowed money. Membership requires the Company to purchase and hold a minimum amount of FHLB capital stock plus additional stock based on outstanding advances. The Company has $30 million and $25 million in membership stock and as part of the agreement, purchased and held an additional $53 million in activity stock as of December 31, 2019 and 2018, respectively, which is included in the general account in stocks on the statutory statements of admitted assets, liabilities, capital and surplus. The Company's liability for advances from the FHLB was $1.8 billion and $2.5 billion as of December 31, 2019 and 2018, respectively, which is included in future policy benefits and claims on the statutory statements of admitted assets, liabilities, capital and surplus. The advances were collateralized by bonds and mortgage loans with carrying values of $2.2 billion (1.4% of total admitted assets) as of December 31, 2019 and $3.1 billion (2.2% of total admitted assets) as of December 31, 2018, which are included in the general account in bonds and mortgage loans on the statutory statements of admitted assets, liabilities, capital and surplus.

 

F-40
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

(10)

Surplus Notes

 

The following table summarizes the carrying value of surplus notes issued by the Company to NFS, as of the dates indicated:

 

(in millions)

                              

Date issued

  

Interest

rate

    

Par value

    

Carrying value

    

Interest and/

or principal

paid in

current year

    

Total interest

and/ or

principal paid

    

Unapproved

interest and/ or

principal

  

Date of

maturity

December 31, 2019

                                            

12/19/2001

     7.50 %   $ 300     $ 300     $ 23     $ 406     $ -  

12/31/2031

6/27/2002

     8.15 %     300       300       24       423       -  

6/27/2032

12/23/2003

     6.75 %     100       100       7       105       -  

12/23/2033

12/20/2019

     4.21 %     400       400       -       -       -  

12/20/2059

Total

           $ 1,100     $ 1,100     $ 54     $ 934     $ -    
                                                   

December 31, 2018

                                            

12/19/2001

     7.50 %   $ 300     $ 300     $ 23     $ 383     $ -  

12/31/2031

6/27/2002

     8.15 %     300       300       24       399       -  

6/27/2032

12/23/2003

     6.75 %     100       100       7       98       -  

12/23/2033

Total

           $ 700     $ 700     $ 54     $ 880     $ -    

 

The surplus notes were issued in accordance with Section 3901.72 of the Ohio Revised Code. The principal and interest on these surplus notes shall not be a liability or claim against NLIC, or any of its assets, except as provided in Section 3901.72 of the Ohio Revised Code. The Department must approve interest and principal payments before they are paid.

 

(11) Reinsurance

 

The Company has a 100% coinsurance agreement with funds withheld with Eagle to cede specified GMDB and GLWB obligations provided under substantially all of the variable annuity contracts issued and to be issued by NLIC. While the GMDB and GLWB contract riders are ceded by NLIC to Eagle, the base annuity contracts and any non-reinsured risks will be retained by NLIC.

 

Amounts ceded to Eagle during 2019, 2018 and 2017 included premiums of $529 million, $506 million and $483 million, respectively, benefits and claims, net of third party reinsurance recoveries of $17 million, $14 million, and $8 million respectively, net investment earnings on funds withheld assets of $33 million, $20 million and $19 million, respectively, and an expense allowance for third party reinsurance premiums of $1 million, $1 million and $2 million, respectively. As of December 31, 2019 and 2018, the carrying value of the funds withheld assets was $795 million and $870 million, respectively, which consists of bonds and short-term investments that had a carrying value of $722 million and $785 million, respectively, and mortgage loans that had a carrying value of $73 million and $85 million, respectively. As of December 31, 2019 and 2018, the Company’s reserve credit for guaranteed benefits ceded under the reinsurance agreement was $275 million and $638 million, respectively. Amounts payable to Eagle related to the reinsurance agreement were $248 million as of December 31, 2019, and amounts receivable from Eagle were $241 million as of December 31, 2018.

 

The Company has a reinsurance agreement with NMIC whereby nearly all of the Company’s accident and health business not ceded to unaffiliated reinsurers is ceded to NMIC on a modified coinsurance basis. Either party may terminate the agreement on January 1 of any year with prior notice. Under a modified coinsurance agreement, the ceding company retains invested assets, and investment earnings are paid to the reinsurer. Under the terms of the Company’s agreement, the investment risk associated with changes in interest rates is borne by the reinsurer. Risk of asset default is retained by the Company, although a fee is paid to the Company for the retention of such risk. The ceding of risk does not discharge the Company, as the original insurer, from its primary obligation to the policyholder. Amounts ceded to NMIC include revenues of $279 million, $257 million and $158 million for the years ended December 31, 2019, 2018 and 2017, respectively, while benefits, claims and expenses ceded were $273 million, $237 million and $108 million, respectively.

 

F-41
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

The Company has an intercompany reinsurance agreement with NLAIC whereby certain inforce and subsequently issued fixed individual deferred annuity contracts are assumed on a modified coinsurance basis. Under modified coinsurance agreements, the ceding company retains invested assets and investment earnings are paid to the reinsurer. Under terms of the agreement, the Company bears the investment risk associated with changes in interest rates. Risk of asset default remains with NLAIC, and the Company pays a fee to NLAIC for the retention of such risk. The agreement will remain inforce until all contract obligations are settled. The ceding of risk does not discharge the original insurer from its primary obligation to the contractholder. Amounts assumed from NLAIC are included in the Company’s statutory statement of operations for 2019, 2018 and 2017 and include premiums of $14 million, $14 million and $24 million, respectively, net investment income of $49 million, $58 million and $84 million, respectively, and benefits, change in reserves and other expenses of $251 million, $358 million and $566 million, respectively. The reserve adjustment for 2019, 2018 and 2017 of $(246) million, $(352) million and $(553) million, respectively, represents changes in reserves related to this fixed block of business, offset by investment earnings on the underlying assets. Policy reserves assumed under this agreement totaled $1.2 billion and $1.4 billion as of December 31, 2019 and 2018, respectively, and amounts payable related to this agreement were $0.4 million and $5 million, respectively.

 

The Company has an intercompany reinsurance agreement with NLAIC whereby certain variable universal life insurance, whole life insurance and universal life insurance policies are assumed on a modified coinsurance basis. Total policy reserves under this treaty were $39 million and $40 million as of December 31, 2019 and 2018, respectively. Total premiums assumed under this treaty were $11 million, $8 million and $9 million during 2019, 2018 and 2017, respectively.

 

The Company has an intercompany reinsurance agreement with NLAIC whereby a certain life insurance contract is assumed on a 100% coinsurance basis. Policy reserves assumed under this agreement totaled $157 million as of December 31, 2019 and 2018.

 

The Company has entered into reinsurance contracts to cede a portion of its individual annuity and life insurance business to unrelated reinsurers. Total reserve credits taken as of December 31, 2019 and 2018 were $438 million and $470 million, respectively. The three largest contracts are with Security Benefit Life Insurance Company (“SBL”), Transamerica Financial Life Insurance Company (“TFLIC”), and Security Life of Denver Insurance Company (“SLD”) as of December 31, 2019 and 2018. Total reserve credits taken on these contracts as of December 31, 2019 and 2018 totaled $90 million and $89 million for each year, from SBL, $54 million and $63 million, respectively, from TFLIC and $41 million and $44 million, respectively, from SLD. The ceding of risk does not relieve the Company, as the original insurer, from its primary obligation to the policyholder. Under the terms of the contracts, SBL has established a trust as collateral for the recoveries, whereby the trust assets are invested in investment grade securities, the fair value of which must at all times be greater or equal to 100% of the reinsured reserves.

 

(12) Transactions with Affiliates

 

The Company has entered into significant, recurring transactions and agreements with NMIC, other affiliates and subsidiaries as a part of its ongoing operations. These include annuity and life insurance contracts, office space cost sharing arrangements, and agreements related to reinsurance, cost sharing, tax sharing, administrative services, marketing, intercompany loans, intercompany repurchases, cash management services and software licensing. In addition, several benefit plans sponsored by NMIC are available to Nationwide employees, for which the Company has no legal obligations. Measures used to determine the allocation among companies includes individual employee estimates of time spent, special cost studies, the number of full-time employees and other methods agreed to by the participating companies.

 

In addition, Nationwide Services Company, LLC (“NSC”), a subsidiary of NMIC, provides data processing, systems development, hardware and software support, telephone, mail and other services to the Company, based on specified rates for units of service consumed pursuant to the enterprise cost sharing agreement. For the years ended December 31, 2019, 2018 and 2017, the Company was allocated costs from NMIC and NSC totaling $220 million, $235 million and $224 million, respectively.

 

The Company has issued group annuity and life insurance contracts and performs administrative services for various employee benefit plans sponsored by NMIC or its affiliates. Total account values of these contracts were $3.5 billion, $3.4 billion and $3.4 billion as of December 31, 2019, 2018 and 2017, respectively. Total revenues from these contracts were $120 million, $119 million and $125 million for the years ended December 31, 2019, 2018 and 2017, respectively, and include policy charges, net investment income from investments backing the contracts and administrative fees. Total interest credited to the account balances were $112 million, $107 million and $111 million for the years ended December 31, 2019, 2018 and 2017, respectively.

 

The Company may underwrite insurance policies for its officers, directors, and/or other personnel providing services to the Company. The Company may offer discounts on certain products that are subject to applicable state insurance laws and approvals.

 

F-42
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Under the enterprise cost sharing agreement, the Company has a cost sharing arrangement with NMIC to occupy office space. For the years ended December 31, 2019, 2018 and 2017, the Company was allocated costs from NMIC of $11 million, $10 million and $11 million, respectively.

 

The Company receives an annual fee payable from the Tax Credit Funds, for which it is a guarantor and Managing Member, for its services in connection with the oversight of the performance of the Investee Partnerships and the compliance by their managing members and managing agents thereof with the provisions of the various operating level agreements and applicable laws. The Company earned $2 million for the years ended December 31, 2019, 2018 and 2017.

 

Funds of Nationwide Funds Group (“NFG”), a group of Nationwide businesses that develops, sells and services mutual funds, are offered to the Company’s customers as investment options in certain of the Company’s products. As of December 31, 2019, 2018 and 2017, customer allocations to NFG funds totaled $66.8 billion, $60.7 billion and $65.8 billion, respectively. For the years ended December 31, 2019, 2018 and 2017, NFG paid the Company $227 million, $227 million and $219 million, respectively, for the distribution and servicing of these funds.

 

Amounts on deposit with NCMC for the benefit of the Company were $616 million, $754 million and $30 million as of December 31, 2019, 2018 and 2017, respectively.

 

Certain annuity products are sold through affiliated companies, which are also subsidiaries of NFS. Total commissions and fees paid to these affiliates for the years ended December 31, 2019, 2018 and 2017 was $71 million, $72 million and $72 million, respectively.

 

The Company provides financing to Nationwide Realty Investors, LTD, a subsidiary of NMIC with interest rates ranging from 3.3% to 5.0% and maturity dates ranging from January 2022 to June 2038. As of December 31, 2019 and 2018, the Company had mortgage loans outstanding of $348 million and $321 million, respectively.

 

The Company also participates in intercompany repurchase agreements with affiliates whereby the seller transfers securities to the buyer at a stated value. Upon demand or after a stated period, the seller repurchases the securities from the buyer at the original sales price plus interest. As of December 31, 2019 and 2018, the Company had no outstanding borrowings from affiliated entities under such agreements. During 2019, there was no outstanding borrowings from affiliated entities at any given time. During 2018, the most the Company had outstanding at any given time was $65 million, and the amount the Company incurred for interest expense on intercompany repurchase agreements during 2019, 2018 and 2017 were immaterial.

 

During 2019, 2018 and 2017, the Company received capital contributions of $600 million, $435 million and $0, respectively, from NFS.

 

During 2019, 2018 and 2017, the Company paid capital contributions of $400 million, $565 million and $400 million, respectively, to NLAIC.

 

On November 21, 2019, NFS and the Company entered into a promissory note, where the Company borrowed $386 million from NFS at 1-month LIBOR plus 0.785%. This note was fully repaid on December 20, 2019.

 

During 2018, NLAIC borrowed $340 million from the Company at interest rates ranging from 3-month LIBOR plus 0.785% to 3.57% with maturity dates ranging from January 16, 2019 to March 21, 2019. During 2019, NLAIC made payments of principal and interest and, as of March 21, 2019, the promissory notes were repaid in full.

 

Pursuant to financial support agreements, the Company has agreed to provide NLAIC and JNLIC with the minimum capital and surplus required by each state in which NLAIC and JNLIC does business. These agreements do not constitute the Company as guarantor of any obligation or indebtedness of NLAIC or JNLIC or provide any creditor of NLAIC or JNLIC with recourse to or against any of the assets of the Company.

 

Eagle’s surplus position is evaluated quarterly to determine if an additional surplus contribution is required from the Company or if a distribution to the Company can be declared as of each quarter end.

 

On October 17, 2019, the Company made a surplus contribution to Eagle of $9 million. On December 31, 2018, the Company made a capital contribution of $180 million to Eagle.

 

F-43
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

During 2019 and 2018, Eagle made distributions to the Company based on their earned surplus position. On February 10, 2020, the Company received a total distribution of $180 million from Eagle that was declared on December 31, 2019 and consisted of a return of contributed surplus of $9 million and a dividend of $171 million. The return of contributed surplus was recorded in other assets and the dividend receivable was recorded in accrued investment income on the December 31, 2019 statutory statement of admitted assets, liabilities, capital and surplus. On August 9, 2019, the Company received a dividend distribution of $41 million from Eagle that was declared on June 28, 2019. On May 10, 2019, the Company received a total distribution of $212 million from Eagle that was declared on March 26, 2019 and consisted of a return of contributed surplus of $190 million and a dividend of $22 million. On November 9, 2018, the Company received a dividend distribution of $103 million from Eagle that was declared on September 26, 2018. On August 10, 2018, the Company received a dividend distribution of $102 million from Eagle that was declared on June 27, 2018. On May 10, 2018, the Company received a dividend distribution of $45 million from Eagle that was declared on March 28, 2018.

 

During the fourth quarter of 2018, $1.0 billion of FHLB fixed-rate advances previously held by Nationwide Trust Company, FSB (“NTC”), formerly known as Nationwide Bank, an affiliate of the Company, were transferred to the Company along with $772 million of cash, $155 million of commercial mortgage loans and $109 million of bonds. The advances were converted to funding agreements and are classified as future policy benefits and claims consistent with other funding agreements with the FHLB. Additionally, the Company acquired $6 million of commercial mortgage loans from NTC.

 

The Company utilizes the look-through approach in valuing its investment in Nationwide Real Estate Investors (NLIC), LLC (“NW REI (NLIC)”), a subsidiary of NMIC, at $69 million and $66 million as of December 31, 2019 and 2018, respectively. NW REI (NLIC)’s financial statements are not audited and the Company has limited the value of its investment in NW REI (NLIC) to the value contained in the audited statutory financial statements of the underlying investments. All liabilities, commitments, contingencies, guarantees or obligations of the NW REI (NLIC), which are required under applicable accounting guidance, are reflected in the Company’s determination of the carrying value of the investment in NW REI (NLIC), if not already recorded in the financial statements of NW REI (NLIC).

 

(13) Contingencies

 

Legal and Regulatory Matters

 

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial position. The Company maintains Professional Liability Insurance and Director and Officer Liability insurance policies that may cover losses for certain legal and regulatory proceedings. The Company will make adequate provision for any probable and reasonably estimable recoveries under such policies.

 

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

 

Guarantees

 

In accordance with SSAP No. 5R, Liabilities, Contingencies and Impairments of Assets, for all guarantees made to or on behalf of wholly-owned subsidiaries, no initial liability recognition has been made and there would be no net financial statement impact related to these guarantees.

 

The contractual obligations under NLAIC's single premium deferred annuity (“SPDA”) contracts in force and issued before September 1, 1988 are guaranteed by the Company. Total SPDA contracts affected by this guarantee in force as of December 31, 2019 and 2018 were approximately $9 million and $10 million, respectively.

 

The Company has guaranteed the obligations and liabilities of NISC, including, without limitation, the full and prompt payment of all accounts payable to any party now or in the future. If for any reason NISC fails to satisfy any of its obligations, the Company will cause such obligation, loss or liability to be fully satisfied.

 

F-44
 
 
NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2019, 2018 and 2017 Statutory Financial Statements

 

 

Indemnifications

 

In the normal course of business, the Company provides standard indemnifications to contractual counterparties. The types of indemnifications typically provided include breaches of representations and warranties, taxes and certain other liabilities, such as third party lawsuits. The indemnification clauses are often standard contractual terms and are entered into in the normal course of business based on an assessment that the risk of loss would be remote. The terms of the indemnifications vary in duration and nature. In many cases, the maximum obligation is not explicitly stated, and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Consequently, the amount of the obligation under such indemnifications is not determinable. Historically, the Company has not made any material payments pursuant to these obligations.

 

(14) Regulatory Risk-Based Capital, Dividend Restrictions and Unassigned Surplus

 

The NAIC Risk-Based Capital (“RBC”) model law requires every insurer to calculate its total adjusted capital and RBC requirement to ensure insurer solvency. Regulatory guidelines provide for an insurance commissioner to intervene if the insurer experiences financial difficulty, as evidenced by a company’s total adjusted capital falling below established relationships to required RBC. The model includes components for asset risk, liability risk, interest rate exposure and other factors. The State of Ohio, where the Company is domiciled, imposes minimum RBC requirements that are developed by the NAIC. The formulas in the model for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, all of which require specified corrective action. The Company exceeded the minimum RBC requirements for all periods presented.

 

The State of Ohio insurance laws require insurers to seek prior regulatory approval to pay a dividend or distribution of cash or other property if the fair market value thereof, together with that of other dividends or distributions made in the preceding twelve months, exceeds the greater of (i) 10% of statutory-basis capital and surplus as of the prior December 31 or (ii) the statutory-basis net income of the insurer for the prior year. During the years ended December 31, 2019, 2018 and 2017, the Company did not pay any dividends to NFS. The Company’s statutory capital and surplus as of December 31, 2019, was $8.8 billion and statutory net income for 2019 was $629 million. As of January 1, 2020, the Company has the ability to pay dividends to NFS totaling $882 million without obtaining prior approval.

 

The State of Ohio insurance laws also require insurers to seek prior regulatory approval for any dividend paid from other than earned capital and surplus. Earned capital and surplus is defined under the State of Ohio insurance laws as the amount equal to the Company’s unassigned funds as set forth in its most recent statutory financial statements, including net unrealized capital gains and losses or revaluation of assets. Additionally, following any dividend, an insurer’s policyholder capital and surplus must be reasonable in relation to the insurer’s outstanding liabilities and adequate for its financial needs. The payment of dividends by the Company may also be subject to restrictions set forth in the insurance laws of the State of New York that limit the amount of statutory profits on the Company’s participating policies (measured before dividends to policyholders) available for the benefit of the Company and its stockholders.

 

The Company currently does not expect such regulatory requirements to impair the ability to pay operating expenses and dividends in the future.

 

 

F-45
 

NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

Schedule I      Summary of Investments – Other Than Investments in Related Parties

 

As of December 31, 2019:

 

(in millions)

Column A

  

Column B

    

Column C

    

Column D

  
 

Type of investment

  

Cost

    

Fair value

    

Amount at which is

shown in the statutory

statements of admitted

assets, liabilities, capital

and surplus

  

Bonds:

                        

U.S. Treasury securities and obligations of U.S. Government corporations

   $ 2     $ 2     $ 2  

U.S government and agencies

     117       143       117  

Obligations of states and political subdivisions

     3,266       3,699       3,266  

Foreign governments

     65       73       65  

Public utilities

     3,563       3,805       3,549  

All other corporate, mortgage-backed and asset-backed securities

     28,176       30,015       28,125  

Total fixed maturity securities

   $ 35,189     $ 37,737     $ 35,124  

Equity securities:

                        

Common Stocks:

                        

Banks, trust and insurance companies

     62       61       61  

Industrial, miscellaneous and all other

     115       120       120  

Nonredeemable preferred stocks

     55       59       55  

Total equity securities1

   $ 232     $ 240     $ 236  

Mortgage loans2

     7,689               7,655  

Short-term investments

     556               556  

Policy loans

     903               903  

Other long-term investments3

     1,039               1,039  

Total invested assets

   $ 45,608             $ 45,513  

1

Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $2.4 billion are excluded.

2

Difference from Column B is attributable to valuation allowances on mortgage loans (see Note 5 to the audited statutory financial statements).

3

Includes derivatives, securities lending reinvested collateral assets and other invested assets. Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $145 million are excluded.

 

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-46
 

NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

Schedule III     Supplementary Insurance Information

 

As of December 31, 2019, 2018 and 2017 and for each of the years then ended (in millions):

 

Column A

  

Column B

    

Column C

    

Column D

    

Column E

    

Column F

  

Year: Segment

  

Deferred policy

acquisition

costs1

    

Future policy

benefits, losses,

claims and loss

expenses

    

Unearned

premiums2

    

Other policy claims

and benefits

payable2

    

Premium

revenue

  

2019

                                        

Life Insurance

           $ 5,125                     $ 413  

Annuities

             7,955                       4,202  

Workplace Solutions

             20,781                       4,324  

Corporate Solutions and Other

             5,278                       1,229  

Total

           $ 39,139                     $ 10,168  

2018

                                        

Life Insurance

           $ 5,087                     $ 410  

Annuities

             7,934                       3,868  

Workplace Solutions

             19,646                       4,095  

Corporate Solutions and Other

             5,670                       1,456  

Total

           $ 38,337                     $ 9,829  

2017

                                        

Life Insurance

           $ 5,096                     $ 413  

Annuities

             8,147                       4,424  

Workplace Solutions

             18,771                       3,986  

Corporate Solutions and Other

             5,043                       1,580  

Total

           $ 37,057                     $ 10,403  

 

Column A

  

Column G

    

Column H

    

Column I

    

Column J

    

Column K

  

Year: Segment

  

Net investment

income 3

   

Benefits, claims,

losses and settlement

expenses 4

   

Amortization of

deferred policy

acquisition costs1

    

Other operating

expenses3

    

Premiums

written

  

2019

                                        

Life Insurance

   $ 262     $ 807             $ 133          

Annuities

     319       8,460               57          

Workplace Solutions

     824       6,539               122          

Corporate Solutions and Other

     569       1,151               105          

Total

   $ 1,974     $ 16,957             $ 417          

2018

                                        

Life Insurance

   $ 270     $ 744             $ 154          

Annuities

     319       8,203               48          

Workplace Solutions

     798       5,656               132          

Corporate Solutions and Other

     540       764               64          

Total

   $ 1,927     $ 15,367             $ 398          

2017

                                        

Life Insurance

   $ 279     $ 779             $ 151          

Annuities

     324       7,452               54          

Workplace Solutions

     807       5,662               151          

Corporate Solutions and Other

     548       915               110          

Total

   $ 1,958     $ 14,808             $ 466          

1

Deferred policy acquisition costs and amortization of deferred policy acquisition costs are not applicable for statutory basis of accounting.

2

Unearned premiums and other policy claims and benefits payable are included in Column C amounts.

3

Allocations of net investment income and certain operating expenses are based on numerous assumptions and estimates and reported segment operating results would change if different methods were applied.

4

Benefits to policyholders and beneficiaries, reserves for future policy benefits and claims and commissions are included in Column H amounts.

 

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-47
 

NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

Schedule IV      Reinsurance

 

As of December 31, 2019, 2018 and 2017 and each of the years then ended:

 

(in millions)

                                

Column A

  

Column B

    

Column C

    

Column D

    

Column E

  
           

Ceded to

    

Assumed

          
   

Gross

    

other

    

from other

    

Net

  
   

amount

    

companies

    

companies

    

amount

  

2019

                                

Life insurance in force

   $ 146,044     $ (31,691 )   $ 728     $ 115,081  

Premiums:

                                

Life Insurance1

   $ 1,761     $ (661 )   $ 10     $ 1,110  

Accident and health insurance

     444       (445 )     2       1  

Total

   $ 2,205     $ (1,106 )   $ 12     $ 1,111  
                                 

2018

                                

Life insurance in force

   $ 141,650     $ (32,380 )   $ 788     $ 110,058  

Premiums:

                                

Life Insurance1

   $ 1,985     $ (130 )   $ 8     $ 1,863  

Accident and health insurance

     289       (373 )     85       1  

Total

   $ 2,274     $ (503 )   $ 93     $ 1,864  
                                 

2017

                                

Life insurance in force

   $ 144,675     $ (32,608 )   $ 831     $ 112,898  

Premiums:

                                

Life Insurance1

   $ 2,109     $ (125 )   $ 9     $ 1,993  

Accident and health insurance

     238       (238 )     -       -  

Total

   $ 2,347     $ (363 )   $ 9     $ 1,993  

1

Primarily represents premiums from traditional life insurance and life-contingent immediate annuities and excludes deposits on investment and universal life insurance products.

 

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-48
 

 

NATIONWIDE LIFE INSURANCE COMPANY
(a wholly owned subsidiary of Nationwide Financial Services, Inc.)

 

 

Schedule V      Valuation and Qualifying Accounts

 

Years ended December 31, 2019, 2018 and 2017:

 

(in millions)

                                

Column A

  

Column B

    

Column C

    

Column D

    

Column E

  
   

Balance at

    

Charged to

            

Balance at

  
   

beginning

    

costs and

            

end of

  

Description

  

of period

    

expenses

    

Deductions1

    

period

  

2019

                                

Valuation allowances - mortgage loans

   $ 25     $ 9     $ -     $ 34  
                                 

2018

                                

Valuation allowances - mortgage loans

   $ 23     $ 2     $ -     $ 25  
                                 

2017

                                

Valuation allowances - mortgage loans

   $ 26     $ 1     $ (4 )   $ 23  

1

Amounts generally represent recoveries, payoffs and sales.

 

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

F-49

PART C. OTHER INFORMATION
Item 24. Financial Statements and Exhibits
A) Financial Statements
1) Nationwide Variable Account-II:
  Report of Independent Registered Public Accounting Firm.
  Statements of Assets, Liabilities and Contract Owners’ Equity as of December 31, 2019.
  Statements of Operations for the year ended December 31, 2019.
  Statements of Changes in Contract Owners’ Equity for the years ended December 31, 2019 and 2018.
  Notes to Financial Statements.
2) Nationwide Life Insurance Company:
  Independent Auditors’ Report.
  Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus as of December 31, 2019 and 2018.
  Statutory Statements of Operations for the years ended December 31, 2019, 2018 and 2017.
  Statutory Statements of Changes in Capital and Surplus for the years ended December 31, 2019, 2018 and 2017.
  Statutory Statements of Cash Flow for the years ended December 31, 2019, 2018 and 2017.
  Notes to Statutory Financial Statements.
B) Exhibits
5) Variable Annuity Application – Attached hereto.
6) Depositor’s Certificate of Incorporation and By-Laws –
 

 

7) Not Applicable.
8) Form of Participation Agreements –
The following fund participation agreements were previously filed and are hereby incorporated by reference.
 

 

 
 
 

 

 

 

Item 25. Directors and Officers of the Depositor
The business address of the Directors and Officers of the Depositor is:
One Nationwide Plaza, Columbus, Ohio 43215
President and Chief Operating Officer and Director John L. Carter
Executive Vice President and Director Mark R. Thresher
Executive Vice President - Chief Information Officer James R. Fowler
Senior Vice President - Chief Financial Officer and Director Timothy G. Frommeyer
Senior Vice President - Chief Financial Officer, Nationwide Financial and Director Steven A. Ginnan
Senior Vice President-Individual Products & Solutions, Nationwide Annuity and Director Eric S. Henderson
Executive Vice President- - Chief Administrative Officer Gale V. King
Executive Vice President and Director Mark R. Thresher
Senior Vice President and Treasurer David LaPaul
Senior Vice President - Investment Management Group - NF Strategic Customer Solutions Tina S. Ambrozy
Senior Vice President - Marketing - Financial Services Ann S. Bair
Senior Vice President - Head of Taxation Pamela A. Biesecker
Senior Vice President - Nationwide Financial Services Legal Rae Ann Dankovic
Senior Vice President - Human Resources Mia S. Hairston
Senior Vice President Harry H. Hallowell
Senior Vice President - Annuity Distribution Craig A. Hawley
Senior Vice President and Treasurer David LaPaul
Senior Vice President - Enterprise Brand Marketing Jennifer B. MacKenzie
Senior Vice President - IT Chief Financial Officer, Procurement & BTO Kevin G. O'Brien
Senior Vice President Sandra L. Rich
Senior Vice President - Chief Technology Officer - Nationwide Financial Michael A. Richardson
Senior Vice President - Chief Counsel - Emerging Businesses, Governance & Corporate Secretary Denise L. Skingle
Senior Vice President - Nationwide Life Holly R. Snyder
Senior Vice President - Investment Management Group Michael S. Spangler
 

 

Senior Vice President - Nationwide Financial Network Joseph D. Sprague
Senior Vice President - Retirement Plan Sales Eric Stevenson
Director Kirt A. Walker
Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant.
Following is a list of entities directly or indirectly controlled by or under common control with the depositor or registrant. Ownership is indicated through indentation. Unless otherwise indicated, each subsidiary is either wholly-owned or majority-owned by the parent company immediately preceding it. (For example, Nationwide Fund Distributors, LLC is either wholly-owned or majority owned by NFS Distributors, Inc.) Separate accounts that have been established pursuant to board resolution but are not, and have never been, active are omitted.
Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide Financial Services, Inc. Delaware The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products.
NFS Distributors, Inc. Delaware The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies.
Nationwide Financial General Agency, Inc. Pennsylvania The company is a multi-state licensed insurance agency.
Nationwide Fund Distributors, LLC Delaware The company is a limited purpose broker-dealer.
Nationwide Fund Management, LLC Delaware The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities.
Nationwide Retirement Solutions, Inc. Delaware The company markets and administers deferred compensation plans for public employees.
Nationwide Securities, LLC Delaware The company is a general purpose broker-dealer and investment adviser registered with the Securities and Exchange Commission.
Nationwide Trust Company, FSB Federal This is a federal savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners’ Loan Act of 1933.
Nationwide Financial Services Capital Trust Delaware The trust’s sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust
Nationwide Life Insurance Company 2 Ohio The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products.
Jefferson National Financial Corporation3 Delaware A stock corporation. The corporation is the holding company of Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Jefferson National Securities Corporation, and JNF Advisors, Inc., offering annuity products and services.
Jefferson National Life Insurance Company2,3 Texas The company provides life, health and annuity products.
Jefferson National Life Annuity Company C2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account E2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account F2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account G2,3   A separate account issuing variable annuity products.
Jefferson National Life Insurance Company of New York2,3 New York The company provides variable annuity products.
Jefferson National Life of New York Annuity Account 12,3   A separate account issuing variable annuity products.
Jefferson National Securities Corporation3 Delaware The company is a limited purpose broker-dealer and distributor of variable annuities for Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York.
MFS Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
 

 

Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide Multi-Flex Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-II2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-32,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-42,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-52,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-62,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-72,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-82,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-92,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-102,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-112,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-122,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-132,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-142,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-152,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account 12,3 Pennsylvania A separate account issuing variable annuity contracts.
Nationwide VLI Separate Account2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-22,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-32,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-42,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-52,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-62,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-72,3 Ohio A separate account issuing variable life insurance policies.
Nationwide Provident VLI Separate Account 12,3 Pennsylvania A separate account issuing variable life insurance policies.
Nationwide Investment Services Corporation3 Oklahoma This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants.
Nationwide Financial Assignment Company3 Ohio The company is an administrator of structured settlements.
Nationwide Investment Advisors, LLC3 Ohio The company provides investment advisory services.
Eagle Captive Reinsurance, LLC3 Ohio The company is engaged in the business of insurance
Nationwide Life and Annuity Insurance Company2,3 Ohio The company engages in underwriting life insurance and granting, purchasing and disposing of annuities.
Nationwide VA Separate Account-A2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-B2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-C2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-D2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account A2,3 Delaware A separate account issuing variable annuity contracts.
Nationwide VL Separate Account-C2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VL Separate Account-D2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VL Separate Account-G2,3 Ohio A separate account issuing variable life insurance policies.
 

 

Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide Provident VLI Separate Account A2,3 Delaware A separate account issuing variable life insurance policies.
Olentangy Reinsurance, LLC3 Vermont The company is a captive life reinsurance company.
Nationwide SBL, LLC Ohio The company is a lender offering securities-back lines of credit.
Registered Investment Advisors Services, Inc. Texas The company is a technology company that facilitates third-party money management services for registered investment advisors
Nationwide Fund Advisors4 Delaware The trust acts as a registered investment advisor.
1 This subsidiary/entity is controlled by its immediate parent through contractual association.
2 This subsidiary/entity files separate financial statements.
3 Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent.
4 This subsidiary/entity is a business trust.
Item 27. Number of Contract Owners
N/A
Item 28. Indemnification
Provision is made in Nationwide’s Amended and Restated Code of Regulations and expressly authorized by the General Corporation Law of the State of Ohio, for indemnification by Nationwide of any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that such person is or was a director, officer or employee of Nationwide, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, to the extent and under the circumstances permitted by the General Corporation Law of the State of Ohio.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers or persons controlling Nationwide pursuant to the foregoing provisions, Nationwide has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 29. Principal Underwriter
Nationwide Investment Services Corporation ("NISC")
a) NISC serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates:
   
MFS Variable Account Nationwide VA Separate Account-C
Multi-Flex Variable Account Nationwide VA Separate Account-D
Nationwide Variable Account Nationwide VLI Separate Account
Nationwide Variable Account-II Nationwide VLI Separate Account-2
Nationwide Variable Account-3 Nationwide VLI Separate Account-3
Nationwide Variable Account-4 Nationwide VLI Separate Account-4
Nationwide Variable Account-5 Nationwide VLI Separate Account-5
Nationwide Variable Account-6 Nationwide VLI Separate Account-6
Nationwide Variable Account-7 Nationwide VLI Separate Account-7
Nationwide Variable Account-8 Nationwide VL Separate Account-C
Nationwide Variable Account-9 Nationwide VL Separate Account-D
Nationwide Variable Account-10 Nationwide VL Separate Account-G
Nationwide Variable Account-11 Nationwide Provident VA Separate Account 1
 

 

Nationwide Variable Account-12 Nationwide Provident VA Separate Account A
Nationwide Variable Account-13 Nationwide Provident VLI Separate Account 1
Nationwide Variable Account-14 Nationwide Provident VLI Separate Account A
Nationwide Variable Account-15  
Nationwide VA Separate Account-A  
Nationwide VA Separate Account-B  
b) Directors and Officers of NISC:
   
President and Director Tina S. Ambrozy
Senior Vice President - Head of Taxation Pamela A. Biesecker
Vice President - Chief Compliance Officer James J. Rabenstine
Vice President - Tax Daniel P. Eppley
Vice President - Performance Management and Accounting and Financial Operations Peter J. Rothermel
Associate Vice President and Secretary Kathy R. Richards
Associate Vice President and Treasurer Ewan T. Roswell
Associate Vice President and Assistant Secretary Mark E. Hartman
Associate Vice President and Assistant Treasurer David A. Conner
Associate Vice President and Assistant Treasurer Hope C. Hacker
Associate Vice President and Assistant Treasurer John A. Reese
Director Eric Stevenson
Director Eric S. Henderson
The business address of the Directors and Officers of NISC is:
One Nationwide Plaza, Columbus, Ohio 43215.
c)
Name of Principal Underwriter   Net Underwriting
Discounts and
Commissions 		  Compensation on
Redemption or
Annuitization 		  Brokerage
Commissions 		  Compensation
Nationwide Investment Services Corporation
   N/A   N/A   N/A   N/A
Item 30. Location of Accounts and Records
Steven A. Ginnan
Nationwide Life Insurance Company
One Nationwide Plaza
Columbus, OH 43215
Item 31. Management Services
Not Applicable
Item 32. Undertakings
The Registrant hereby undertakes to:
a) file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted;
b) include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information; and
c) deliver any Statement of Additional Information and any financial statements required to be made available under this form promptly upon written or oral request.
 

 

The Registrant represents that any of the contracts which are issued pursuant to Section 403(b) of the Internal Revenue Code, are issued by Nationwide through the Registrant in reliance upon, and in compliance with, a no-action letter issued by the Staff of the Securities and Exchange Commission to the American Council of Life Insurance (publicly available November 28, 1988) permitting withdrawal restrictions to the extent necessary to comply with Section 403(b)(11) of the Internal Revenue Code.
Nationwide Life Insurance Company represents that the fees and charges deducted under the contract in the aggregate are reasonable in relation to the services rendered, the expenses expected to be incurred and risks assumed by Nationwide Life Insurance Company.
 

 

SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it has caused this Registration Statement to be signed by the undersigned, duly authorized, in the City of Columbus, and State of Ohio, on April 15, 2020.
Nationwide Variable Account-II
(Registrant)
Nationwide Life Insurance Company
(Depositor)
By: /s/ Jamie Ruff Casto
Jamie Ruff Casto
Attorney-in-Fact
As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated, on April 15, 2020.
JOHN L. CARTER  
John L. Carter, President and Chief Operating Officer, and Director  
MARK R. THRESHER  
Mark R. Thresher, Executive Vice President and Director  
TIMOTHY G. FROMMEYER  
Timothy G. Frommeyer, Senior Vice President-Chief Financial Officer and Director  
ERIC S. HENDERSON  
Eric S. Henderson, Senior Vice President-Individual Products & Solutions and Director  
STEVEN A. GINNAN  
Steven A. Ginnan, Senior Vice President-Chief Financial Officer-Nationwide Financial and Director  
KIRT A. WALKER  
Director  
  By /s/ Jamie Ruff Casto
  Jamie Ruff Casto
Attorney-in-Fact