N-30D 1 l93010an-30d.txt NATIONWIDE VLI SEPARATE ACCOUNT-2 N-30D Nationwide(R) VLI Separate Account-2 December 31, 2001 Life Planning Series(R) 2001 ANNUAL REPORT -------------------------------------------------------------------------------- [NATIONWIDE LOGO] Nationwide Life Insurance Company Home Office: Columbus, Ohio VLOB-12-12/01 [NATIONWIDE LOGO] NATIONWIDE LIFE INSURANCE COMPANY ONE NATIONWIDE PLAZA, COLUMBUS, OHIO 43215-2220 [PHOTOGRAPH OF JOSEPH J. GASPER] PRESIDENT'S MESSAGE We at Nationwide Life Insurance Company are pleased to bring you the 2001 annual report of the Nationwide VLI Separate Account-2. During 2001 we continued to upgrade and enhance our technology capabilities for service excellence. We made significant investments to expand our Internet and telephone voice response systems to improve the ease with which our customers and business partners do business with Nationwide. We continued our strategic investment in new product design, and we reaffirm our commitment to develop competitive and innovative life and retirement saving products to meet the ever-changing needs of our customers. Nationwide is an acknowledged trailblazer in the financial services business and we have the greatest resolve to continue to earn this leadership position. As always, we welcome your candid and informed feedback on your service experience with Nationwide. It has been a tough couple of years for equity investors. The equity markets had a long run in the '90s and it has taken longer than many expected to wring-out those excesses. Economic statistics appear to be pointing to an improved business and economic climate. And, we are hopeful this is the precursor for improved equity performance in the near future. We sincerely appreciate your patronage and we look forward to helping you meet your future financial planning and retirement savings goals. /S/ Joseph J. Gasper Joseph J. Gasper, President February 20, 2002 3 [THIS PAGE LEFT BLANK INTENTIONALLY] 4 HOW TO READ THE ANNUAL REPORT This annual report is a presentation of the variable account as a whole and only describes the underlying contracts and products of the variable account in general terms. Please note the variable account may have more than one variable product available. Such products may have different underlying mutual funds available from those available in your contract. Therefore, not all funds listed in this report may be available in your contract. Please refer to your most recent account statement for specific information about your investment in the Nationwide VLI Separate Account-2. Rules and regulations of the U.S. Securities and Exchange Commission and recognized conventions of accounting principles generally accepted in the United States of America prescribe the format and content of this report. We also invite you to call our service center at 1-800-547-7548 if you have questions about your account, or you may access your account using our voice response unit. And, please visit our web-site at www.BestofAmerica.com for additional information about your contract and to learn more about other products and services offered by Nationwide Financial. THE ANNUAL REPORT HAS FOUR MAJOR FINANCIAL SECTIONS: STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY This statement begins on page 6 and lists all of the underlying mutual funds of the variable account, the number of shares owned, the amount paid for the shares and their fair value as of the close of business on December 31, 2001. The mutual funds are listed in alphabetical order. The fair value of the assets changes as the underlying mutual funds change in value. As contract owners make exchange transactions between the funds, the number of shares increases or decreases accordingly. When money is deposited or withdrawn by a contract owner, shares are correspondingly purchased or redeemed. The total fair value of the funds is equal to the Total investments of the variable account. Accounts receivable, if applicable, represents an asset of the variable account for fund shares purchased by contract owners and reinvested dividend shares added to contract owners' accounts, but not yet added to Total investments. Total investments plus Accounts receivable equal Total assets of the variable account. Accounts payable, if applicable, is a liability of the variable account for fund shares redeemed by contract owners but not yet deducted from Total investments. The Accounts receivable and Accounts payable balances are aggregated and presented as a net amount. Total assets minus Accounts payable equals Contract owners' equity. A summary of Contract owners' equity by fund series may be found on page 49. This summary also includes certain performance measures for each fund series for the periods indicated. STATEMENTS OF OPERATIONS, STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY These statements begin on page 9 and present the financial activity of each underlying mutual fund sub-account of the variable account, for the periods indicated. The STATEMENTS OF OPERATIONS show income and expenses to the variable account from Investment activity for reinvested dividends and capital gain distributions paid by the underlying mutual funds; and expenses included are the mortality, expense and, if applicable, an administration charge, which are assessed through the daily unit value calculation and that represent an expense to the variable account and its contract owners. This statement also shows the realized gain or loss as mutual fund shares are sold, and the change in unrealized gain or loss, which represents the changes in fair value of the underlying fund shares. The STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY includes Investment activity for income and expenses shown on the STATEMENTS OF OPERATIONS. In addition, the Equity transactions section of this statement illustrates the receipt of purchase payments, as new contracts are sold or additional payments are made to existing contracts. Also presented are deductions from the variable account when the contract owners withdraw money, as well as any contract level charges. The sum of the above two sections represents the Net change in contract owners' equity which, when added to the beginning Contract owners' equity, equals Contract owners' equity at the end of the reporting period. The CHANGES IN UNITS section illustrates the number of units purchased and redeemed for each mutual fund sub-account during the period reported. NOTES TO FINANCIAL STATEMENTS, beginning on page 38, provide further disclosures about the variable account and its underlying contract provisions. 5 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY DECEMBER 31, 2001 ASSETS: Investments at fair value: American Century VP - American Century VP Balanced (ACVPBal) 781,490 shares (cost $5,821,077) .................................................. $ 5,150,017 American Century VP - American Century VP Capital Appreciation (ACVPCapAp) 2,173,271 shares (cost $24,043,046) ............................................... 16,299,534 American Century VP - American Century VP Income & Growth (ACVPIncGr) 662,065 shares (cost $4,752,168) .................................................. 4,276,937 American Century VP - American Century VP International (ACVPInt) 2,220,164 shares (cost $18,974,637) ............................................... 14,630,883 American Century VP - American Century VP Value (ACVPValue) 1,653,746 shares (cost $11,583,135) ............................................... 12,303,870 Credit Suisse Trust - Global Post-Venture Capital Portfolio (CSWPGPV) 177,315 shares (cost $2,145,061) .................................................. 1,723,501 Credit Suisse Trust - International Equity Portfolio (CSWPIntEq) 811,829 shares (cost $6,619,592) .................................................. 6,770,656 Credit Suisse Trust - Small Cap Growth Portfolio (CSWPSmCo) 1,301,131 shares (cost $21,273,729) ............................................... 18,228,846 Dreyfus IP - European Equity Portfolio (DryEuroEq) 7,666 shares (cost $81,306) ....................................................... 81,944 The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGro) 510,423 shares (cost $18,276,231) ................................................. 13,612,983 Dreyfus Stock Index Fund (DryStkIx) 3,025,332 shares (cost $97,823,554) ............................................... 88,823,754 Dreyfus VIF - Appreciation Portfolio (DryAp) 192,936 shares (cost $7,293,541) .................................................. 6,748,906 Dreyfus VIF - Growth and Income Portfolio (DryGrInc) 133,404 shares (cost $3,193,858) .................................................. 2,888,194 Fidelity(R) VIP - Equity-Income Portfolio: Initial Class (FidVIPEI) 3,385,841 shares (cost $81,987,638) ............................................... 77,027,880 Fidelity(R) VIP - Growth Portfolio: Initial Class (FidVIPGr) 3,551,766 shares (cost $159,626,892) .............................................. 119,374,842 Fidelity(R) VIP - High Income Portfolio: Initial Class (FidVIPHI) 2,596,303 shares (cost $22,319,658) ............................................... 16,642,300 Fidelity(R) VIP - Overseas Portfolio: Initial Class (FidVIPOv) 1,245,436 shares (cost $25,570,260) ............................................... 17,286,658 Fidelity(R) VIP II - Asset Manager Portfolio: Initial Class (FidVIPAM) 1,834,323 shares (cost $29,818,675) ............................................... 26,616,026
6 Fidelity(R) VIP II - Contrafund Portfolio: Initial Class (FidVIPCon) 2,612,730 shares (cost $63,463,282) ............................................... 52,594,255 Fidelity(R) VIP III - Growth Opportunities Portfolio: Initial Class (FidVIPGrOp) 272,910 shares (cost $5,244,133) .................................................. 4,129,133 Janus AS - Capital Appreciation Portfolio - Service Shares (JanCapAp) 127,773 shares (cost $2,893,416) .................................................. 2,628,288 Janus AS - Global Technology Portfolio - Service Shares (JanGlTech) 461,980 shares (cost $1,907,991) .................................................. 1,884,877 Janus AS - International Growth Portfolio - Service Shares (JanIntGro) 83,743 shares (cost $1,859,200) ................................................... 1,951,218 Nationwide(R) SAT - Capital Appreciation Fund Class I (NSATCapAp) 1,770,510 shares (cost $37,635,429) ............................................... 18,678,881 Nationwide(R) SAT - Dreyfus Mid Cap Index Fund Class I (NSATMidCapIx) 253,656 shares (cost $3,293,702) .................................................. 3,340,652 Nationwide(R) SAT - Gartmore Emerging Markets Fund Class I (NSATEmMkt) 60,392 shares (cost $394,939) ..................................................... 427,574 Nationwide(R) SAT - Gartmore Global Technology & Communications Fund Class I (NSATGlobTC) 83,133 shares (cost $367,567) ..................................................... 349,990 Nationwide(R) SAT - Gartmore International Growth Fund Class I (NSATIntGr) 8,999 shares (cost $54,414) ....................................................... 55,252 Nationwide(R) SAT - Government Bond Fund Class I (NSATGvtBd) 1,602,637 shares (cost $18,941,535) ............................................... 18,686,753 Nationwide(R) SAT - MAS Multi Sector Bond Fund Class I (NSATMSecBd) 68,346 shares (cost $625,323) ..................................................... 624,683 Nationwide(R) SAT - Money Market Fund Class I (NSATMyMkt) 51,651,981 shares (cost $51,651,981) .............................................. 51,651,981 Nationwide(R) SAT - Small Cap Growth Fund Class I (NSATSmCapG) 92,044 shares (cost $1,322,196) ................................................... 1,332,790 Nationwide(R) SAT - Small Cap Value Fund Class I (NSATSmCapV) 1,523,366 shares (cost $15,782,867) ............................................... 15,782,072 Nationwide(R) SAT - Small Company Fund Class I (NSATSmCo) 1,373,785 shares (cost $28,912,245) ............................................... 25,607,361 Nationwide(R) SAT - Strong Mid Cap Growth Fund Class I (NSATStMCap) 79,823 shares (cost $915,284) ..................................................... 925,153 Nationwide(R) SAT - Total Return Fund Class I (NSATTotRe) 7,808,043 shares (cost $114,619,147) .............................................. 77,221,541 Nationwide(R) SAT - Turner Growth Focus Fund Class I (NSATGrFoc) 55,997 shares (cost $201,411) ..................................................... 203,829 Neuberger Berman AMT - Balanced Portfolio (NBAMTBal) 1,476 shares (cost $14,135) ....................................................... 14,260 Neuberger Berman AMT - Growth Portfolio (NBAMTGro) 2,059,243 shares (cost $27,220,898) ............................................... 23,722,484 Neuberger Berman AMT - Guardian Portfolio (NBAMTGuard) 176,527 shares (cost $2,801,821) .................................................. 2,584,354
(Continued) 7 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS' EQUITY, CONTINUED Neuberger Berman AMT - Limited Maturity Bond Portfolio (NBAMTLMat) 367,681 shares (cost $4,848,302) .................................................. 4,952,667 Neuberger Berman AMT - Partners Portfolio (NBAMTPart) 1,566,122 shares (cost $26,356,552) ............................................... 23,648,440 Oppenheimer Aggressive Growth Fund/VA (OppAggGro) 44,046 shares (cost $1,921,533) ................................................... 1,793,534 Oppenheimer Bond Fund/VA (OppBdFd) 1,168,321 shares (cost $13,301,583) ............................................... 13,096,874 Oppenheimer Capital Appreciation Fund/VA (OppCapAp) 456,413 shares (cost $21,761,302) ................................................. 16,695,583 Oppenheimer Global Securities Fund/VA (OppGlSec) 1,459,363 shares (cost $37,422,502) ............................................... 33,331,862 Oppenheimer Main Street Growth & Income Fund/VA (OppMSGrInc) 45,030 shares (cost $891,831) ..................................................... 855,117 Oppenheimer Multiple Strategies Fund/VA (OppMult) 947,213 shares (cost $15,452,114) ................................................. 14,587,088 Strong Opportunity Fund II, Inc. (StOpp2) 2,217,437 shares (cost $48,190,456) ............................................... 43,129,141 Strong VIF - Strong Discovery Fund II (StDisc2) 666,299 shares (cost $6,698,848) .................................................. 6,876,204 Strong VIF - Strong International Stock Fund II (StIntStk2) 308,039 shares (cost $2,462,548) .................................................. 2,291,811 UIF - Emerging Markets Debt Portfolio (UIFEmMkt) 183,848 shares (cost $1,327,245) .................................................. 1,275,905 UIF - U.S. Real Estate Portfolio (UIFUSRE) 734,078 shares (cost $8,923,116) .................................................. 8,867,664 Van Eck WIT - Worldwide Bond Fund (VEWrldBd) 238,713 shares (cost $2,297,143) .................................................. 2,248,680 Van Eck WIT - Worldwide Emerging Markets Fund (VEWrldEMkt) 444,033 shares (cost $3,491,190) .................................................. 3,614,431 Van Eck WIT - Worldwide Hard Assets Fund (VEWrldHAs) 308,515 shares (cost $3,310,810) .................................................. 3,298,022 ------------ Total investments ............................................................... 933,448,135 Accounts receivable ................................................................... -- ------------ Total assets .................................................................... 933,448,135 ACCOUNTS PAYABLE ........................................................................ 43,158 ------------ CONTRACT OWNERS' EQUITY (NOTE 7) ........................................................ $933,404,977 ============
See accompanying notes to financial statements. 8 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
TOTAL ----------------------------------------------- 2001 2000 1999 ------------- ------------- ------------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 14,498,694 14,156,269 14,098,293 Mortality and expense risk charges (note 3) .... (7,447,011) (8,863,841) (7,660,149) ------------- ------------- ------------- Net investment income ........................ 7,051,683 5,292,428 6,438,144 ------------- ------------- ------------- Proceeds from mutual funds shares sold ......... 667,653,990 891,657,787 955,670,735 Cost of mutual fund shares sold ................ (763,360,903) (830,522,167) (897,919,980) ------------- ------------- ------------- Realized gain (loss) on investments .......... (95,706,913) 61,135,620 57,750,755 Change in unrealized gain (loss) on investments ............................... (102,443,273) (263,179,099) 93,482,590 ------------- ------------- ------------- Net gain (loss) on investments ............... (198,150,186) (202,043,479) 151,233,345 ------------- ------------- ------------- Reinvested capital gains ....................... 59,973,994 117,294,274 39,898,769 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations ........... $(131,124,509) (79,456,777) 197,570,258 ============= ============= =============
ACVPBAL ----------------------------------------------- 2001 2000 1999 ------------- ------------- ------------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 149,365 142,768 104,861 Mortality and expense risk charges (note 3) .... (39,398) (43,349) (43,480) ------------- ------------- ------------- Net investment income ........................ 109,967 99,419 61,381 ------------- ------------- ------------- Proceeds from mutual funds shares sold ......... 707,642 1,172,289 971,140 Cost of mutual fund shares sold ................ (856,776) (1,257,855) (1,022,836) ------------- ------------- ------------- Realized gain (loss) on investments .......... (149,134) (85,566) (51,696) Change in unrealized gain (loss) on investments ............................... (374,866) (306,371) (209,153) ------------- ------------- ------------- Net gain (loss) on investments ............... (524,000) (391,937) (260,849) ------------- ------------- ------------- Reinvested capital gains ....................... 177,314 89,903 723,542 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations ........... (236,719) (202,615) 524,074 ============= ============= =============
ACVPCAPAP ----------------------------------------------- 2001 2000 1999 ------------- ------------- ------------- INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (157,084) (225,875) (108,580) ------------- ------------- ------------- Net investment income ........................ (157,084) (225,875) (108,580) ------------- ------------- ------------- Proceeds from mutual funds shares sold ......... 10,422,004 25,900,893 22,591,735 Cost of mutual fund shares sold ................ (19,980,200) (17,223,897) (21,828,544) ------------- ------------- ------------- Realized gain (loss) on investments .......... (9,558,196) 8,676,996 763,191 Change in unrealized gain (loss) on investments ............................... (5,254,647) (7,733,755) 6,761,369 ------------- ------------- ------------- Net gain (loss) on investments ............... (14,812,843) 943,241 7,524,560 ------------- ------------- ------------- Reinvested capital gains ....................... 7,598,012 750,781 -- ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations ........... (7,371,915) 1,468,147 7,415,980 ============= ============= =============
ACVPINCGR ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 35,914 25,931 655 Mortality and expense risk charges (note 3) .... (31,543) (33,212) (27,101) ----------- ----------- ----------- Net investment income ........................ 4,371 (7,281) (26,446) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 1,306,804 6,896,325 4,520,179 Cost of mutual fund shares sold ................ (1,674,238) (6,623,978) (4,059,023) ----------- ----------- ----------- Realized gain (loss) on investments .......... (367,434) 272,347 461,156 Change in unrealized gain (loss) on investments ............................... (36,896) (817,445) 247,602 ----------- ----------- ----------- Net gain (loss) on investments ............... (404,330) (545,098) 708,758 ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ (399,959) (552,379) 682,312 =========== =========== ===========
ACVPINT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 16,208 31,996 -- Mortality and expense risk charges (note 3) .... (131,716) (192,630) (123,973) ----------- ----------- ----------- Net investment income ........................ (115,508) (160,634) (123,973) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 18,165,796 28,784,239 25,003,227 Cost of mutual fund shares sold ................ (24,504,893) (24,108,086) (22,517,439) ----------- ----------- ----------- Realized gain (loss) on investments .......... (6,339,097) 4,676,153 2,485,788 Change in unrealized gain (loss) on investments ............................... (1,840,599) (9,830,737) 6,850,984 ----------- ----------- ----------- Net gain (loss) on investments ............... (8,179,696) (5,154,584) 9,336,772 ----------- ----------- ----------- Reinvested capital gains ....................... 1,789,528 478,387 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (6,505,676) (4,836,831) 9,212,799 =========== =========== ===========
ACVPVALUE ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 89,617 34,989 26,285 Mortality and expense risk charges (note 3) .... (66,662) (27,164) (20,993) ----------- ----------- ----------- Net investment income ........................ 22,955 7,825 5,292 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 33,073,002 53,718,428 10,125,505 Cost of mutual fund shares sold ................ (32,800,437) (53,369,596) (10,140,086) ----------- ----------- ----------- Realized gain (loss) on investments .......... 272,565 348,832 (14,581) Change in unrealized gain (loss) on investments ............................... 549,875 414,821 (279,501) ----------- ----------- ----------- Net gain (loss) on investments ............... 822,440 763,653 (294,082) ----------- ----------- ----------- Reinvested capital gains ....................... -- 89,531 249,026 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... 845,395 861,009 (39,764) =========== =========== ===========
(Continued) 9 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
CSWPGPV ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ -- -- -- Mortality and expense risk charges (note 3) .... (15,488) (26,477) (13,686) ----------- ----------- ----------- Net investment income ........................ (15,488) (26,477) (13,686) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 3,317,543 21,730,640 11,451,361 Cost of mutual fund shares sold ................ (4,552,542) (21,573,716) (10,619,693) ----------- ----------- ----------- Realized gain (loss) on investments .......... (1,234,999) 156,924 831,668 Change in unrealized gain (loss) on investments ............................... 471,352 (1,447,278) 489,466 ----------- ----------- ----------- Net gain (loss) on investments ............... (763,647) (1,290,354) 1,321,134 ----------- ----------- ----------- Reinvested capital gains ....................... -- 359,529 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ (779,135) (957,302) 1,307,448 =========== =========== ===========
CSWPINTEQ ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... -- 51,283 106,392 Mortality and expense risk charges (note 3) .... (56,285) (81,674) (70,225) ----------- ----------- ----------- Net investment income ........................ (56,285) (30,391) 36,167 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 29,337,215 11,655,731 19,261,615 Cost of mutual fund shares sold ................ (33,297,876) (11,306,949) (18,047,381) ----------- ----------- ----------- Realized gain (loss) on investments .......... (3,960,661) 348,782 1,214,234 Change in unrealized gain (loss) on investments ............................... 2,099,268 (4,794,748) 3,271,039 ----------- ----------- ----------- Net gain (loss) on investments ............... (1,861,393) (4,445,966) 4,485,273 ----------- ----------- ----------- Reinvested capital gains ....................... -- 1,233,063 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (1,917,678) (3,243,294) 4,521,440 =========== =========== ===========
CSWPSMCO ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (138,697) (216,538) (114,737) ----------- ----------- ----------- Net investment income ........................ (138,697) (216,538) (114,737) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 12,518,866 42,618,463 12,560,036 Cost of mutual fund shares sold ................ (23,848,090) (37,312,904) (11,995,881) ----------- ----------- ----------- Realized gain (loss) on investments .......... (11,329,224) 5,305,559 564,155 Change in unrealized gain (loss) on investments ............................... 7,104,902 (18,360,336) 8,391,845 ----------- ----------- ----------- Net gain (loss) on investments ............... (4,224,322) (13,054,777) 8,956,000 ----------- ----------- ----------- Reinvested capital gains ....................... -- 5,714,137 709,970 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (4,363,019) (7,557,178) 9,551,233 =========== =========== ===========
DRYEUROEQ ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 809 234 -- Mortality and expense risk charges (note 3) .... (1,545) (527) -- ----------- ----------- ----------- Net investment income ........................ (736) (293) -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 4,515,612 633,945 -- Cost of mutual fund shares sold ................ (4,512,771) (640,858) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... 2,841 (6,913) -- Change in unrealized gain (loss) on investments ............................... (878) 1,517 -- ----------- ----------- ----------- Net gain (loss) on investments ............... 1,963 (5,396) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- 1,253 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ 1,227 (4,436) -- =========== =========== ===========
DRYSRGRO ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 9,820 157,148 2,403 Mortality and expense risk charges (note 3) .... (119,024) (157,030) (114,846) ----------- ----------- ----------- Net investment income ........................ (109,204) 118 (112,443) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 4,586,357 4,108,551 17,180,969 Cost of mutual fund shares sold ................ (4,955,722) (3,386,569) (15,391,528) ----------- ----------- ----------- Realized gain (loss) on investments .......... (369,365) 721,982 1,789,441 Change in unrealized gain (loss) on investments ............................... (3,939,932) (3,257,761) 1,688,692 ----------- ----------- ----------- Net gain (loss) on investments ............... (4,309,297) (2,535,779) 3,478,133 ----------- ----------- ----------- Reinvested capital gains ....................... -- -- 646,972 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (4,418,501) (2,535,661) 4,012,662 =========== =========== ===========
DRYSTKIX ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 997,440 1,011,600 1,066,045 Mortality and expense risk charges (note 3) .... (664,865) (797,960) (719,164) ----------- ----------- ----------- Net investment income ........................ 332,575 213,640 346,881 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 18,098,585 16,033,223 20,339,759 Cost of mutual fund shares sold ................ (18,088,650) (11,951,284) (15,264,747) ----------- ----------- ----------- Realized gain (loss) on investments .......... 9,935 4,081,939 5,075,012 Change in unrealized gain (loss) on investments ............................... (13,687,873) (16,940,040) 11,113,462 ----------- ----------- ----------- Net gain (loss) on investments ............... (13,677,938) (12,858,101) 16,188,474 ----------- ----------- ----------- Reinvested capital gains ....................... 467,526 1,618,261 920,361 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (12,877,837) (11,026,200) 17,455,716 =========== =========== ===========
10 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
DRYAP -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 58,719 47,656 43,739 Mortality and expense risk charges (note 3) .... (50,539) (58,150) (57,406) ------------ ------------ ------------ Net investment income ........................ 8,180 (10,494) (13,667) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 1,565,000 3,065,559 6,550,844 Cost of mutual fund shares sold ................ (1,658,890) (2,858,894) (6,135,399) ------------ ------------ ------------ Realized gain (loss) on investments .......... (93,890) 206,665 415,445 Change in unrealized gain (loss) on investments ............................... (617,829) (365,322) 269,060 ------------ ------------ ------------ Net gain (loss) on investments ............... (711,719) (158,657) 684,505 ------------ ------------ ------------ Reinvested capital gains ....................... -- 80,911 29,215 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ (703,539) (88,240) 700,053 ============ ============ ============
DRYGRINC -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 15,122 18,343 16,508 Mortality and expense risk charges (note 3) .... (20,036) (19,919) (15,950) ------------ ------------ ------------ Net investment income ........................ (4,914) (1,576) 558 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 744,456 319,148 1,753,038 Cost of mutual fund shares sold ................ (752,434) (251,568) (1,678,061) ------------ ------------ ------------ Realized gain (loss) on investments .......... (7,978) 67,580 74,977 Change in unrealized gain (loss) on investments ............................... (258,534) (314,432) 230,049 ------------ ------------ ------------ Net gain (loss) on investments ............... (266,512) (246,852) 305,026 ------------ ------------ ------------ Reinvested capital gains ....................... 45,863 113,207 87,323 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (225,563) (135,221) 392,907 ============ ============ ============
FIDVIPEI -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 1,346,217 1,394,973 1,233,625 Mortality and expense risk charges (note 3) .... (625,985) (630,229) (714,035) ------------ ------------ ------------ Net investment income ........................ 720,232 764,744 519,590 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 6,533,958 29,031,941 21,969,547 Cost of mutual fund shares sold ................ (6,478,110) (24,700,721) (15,562,997) ------------ ------------ ------------ Realized gain (loss) on investments .......... 55,848 4,331,220 6,406,550 Change in unrealized gain (loss) on investments ............................... (9,359,446) (5,231,085) (5,267,170) ------------ ------------ ------------ Net gain (loss) on investments ............... (9,303,598) (899,865) 1,139,380 ------------ ------------ ------------ Reinvested capital gains ....................... 3,782,228 5,255,479 2,726,961 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (4,801,138) 5,120,358 4,385,931 ============ ============ ============
FIDVIPGR -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 107,526 196,483 215,538 Mortality and expense risk charges (note 3) .... (1,036,867) (1,438,136) (1,145,435) ------------ ------------ ------------ Net investment income ........................ (929,341) (1,241,653) (929,897) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 14,172,289 20,493,336 91,394,903 Cost of mutual fund shares sold ................ (18,446,053) (16,880,509) (75,684,409) ------------ ------------ ------------ Realized gain (loss) on investments .......... (4,273,764) 3,612,827 15,710,494 Change in unrealized gain (loss) on investments ............................... (33,423,042) (42,932,678) 17,198,414 ------------ ------------ ------------ Net gain (loss) on investments ............... (37,696,806) (39,319,851) 32,908,908 ------------ ------------ ------------ Reinvested capital gains ....................... 10,107,480 19,550,081 13,551,946 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $(28,518,667) (21,011,423) 45,530,957 ============ ============ ============
FIDVIPHI -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 2,383,612 1,693,393 2,570,090 Mortality and expense risk charges (note 3) .... (136,475) (168,596) (197,828) ------------ ------------ ------------ Net investment income ........................ 2,247,137 1,524,797 2,372,262 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 8,880,061 9,968,353 29,571,691 Cost of mutual fund shares sold ................ (13,585,088) (10,903,346) (32,450,313) ------------ ------------ ------------ Realized gain (loss) on investments .......... (4,705,027) (934,993) (2,878,622) Change in unrealized gain (loss) on investments ............................... (27,924) (6,237,391) 2,437,032 ------------ ------------ ------------ Net gain (loss) on investments ............... (4,732,951) (7,172,384) (441,590) ------------ ------------ ------------ Reinvested capital gains ....................... -- -- 96,078 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (2,485,814) (5,647,587) 2,026,750 ============ ============ ============
FIDVIPOV -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 1,100,964 425,125 332,184 Mortality and expense risk charges (note 3) .... (162,010) (230,607) (199,894) ------------ ------------ ------------ Net investment income ........................ 938,954 194,518 132,290 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 7,182,379 10,777,638 34,092,869 Cost of mutual fund shares sold ................ (10,030,666) (9,504,431) (31,976,653) ------------ ------------ ------------ Realized gain (loss) on investments .......... (2,848,287) 1,273,207 2,116,216 Change in unrealized gain (loss) on investments ............................... (4,902,933) (10,130,820) 6,394,423 ------------ ------------ ------------ Net gain (loss) on investments ............... (7,751,220) (8,857,613) 8,510,639 ------------ ------------ ------------ Reinvested capital gains ....................... 1,740,234 2,677,139 535,780 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (5,072,032) (5,985,956) 9,178,709 ============ ============ ============
(Continued) 11 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
FIDVIPAM ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 1,179,485 1,031,299 1,040,155 Mortality and expense risk charges (note 3) .... (233,118) (267,155) (270,444) ----------- ----------- ----------- Net investment income ........................ 946,367 764,144 769,711 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 2,948,969 4,375,902 4,829,331 Cost of mutual fund shares sold ................ (3,146,043) (3,632,011) (3,813,802) ----------- ----------- ----------- Realized gain (loss) on investments .......... (197,074) 743,891 1,015,529 Change in unrealized gain (loss) on investments ............................... (2,656,974) (5,439,784) 26,818 ----------- ----------- ----------- Net gain (loss) on investments ............... (2,854,048) (4,695,893) 1,042,347 ----------- ----------- ----------- Reinvested capital gains ....................... 442,307 2,429,670 1,317,530 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $(1,465,374) (1,502,079) 3,129,588 =========== =========== ===========
FIDVIPCON ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 456,978 244,158 261,343 Mortality and expense risk charges (note 3) .... (413,391) (521,700) (460,248) ----------- ----------- ----------- Net investment income ........................ 43,587 (277,542) (198,905) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 7,291,690 7,260,544 25,340,625 Cost of mutual fund shares sold ................ (7,489,134) (5,658,545) (16,733,032) ----------- ----------- ----------- Realized gain (loss) on investments .......... (197,444) 1,601,999 8,607,593 Change in unrealized gain (loss) on investments ............................... (9,738,153) (15,273,672) 2,632,252 ----------- ----------- ----------- Net gain (loss) on investments ............... (9,935,597) (13,671,673) 11,239,845 ----------- ----------- ----------- Reinvested capital gains ....................... 1,612,865 8,862,945 1,916,516 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (8,279,145) (5,086,270) 12,957,456 =========== =========== ===========
FIDVIPGROP ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 17,465 77,263 58,964 Mortality and expense risk charges (note 3) .... (31,285) (40,980) (47,088) ----------- ----------- ----------- Net investment income ........................ (13,820) 36,283 11,876 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 1,573,054 5,312,933 3,165,507 Cost of mutual fund shares sold ................ (2,207,850) (5,576,382) (2,711,647) ----------- ----------- ----------- Realized gain (loss) on investments .......... (634,796) (263,449) 453,860 Change in unrealized gain (loss) on investments ............................... (126,832) (1,250,959) (343,328) ----------- ----------- ----------- Net gain (loss) on investments ............... (761,628) (1,514,408) 110,532 ----------- ----------- ----------- Reinvested capital gains ....................... -- 391,834 110,237 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (775,448) (1,086,291) 232,645 =========== =========== ===========
JANCAPAP ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 25,263 19,570 -- Mortality and expense risk charges (note 3) .... (21,001) (10,464) -- ----------- ----------- ----------- Net investment income ........................ 4,262 9,106 -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 5,487,669 1,441,203 -- Cost of mutual fund shares sold ................ (6,621,307) (1,508,835) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (1,133,638) (67,632) -- Change in unrealized gain (loss) on investments ............................... 244,422 (509,550) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (889,216) (577,182) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ (884,954) (568,076) -- =========== =========== ===========
JANGLTECH ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 12,133 14,871 -- Mortality and expense risk charges (note 3) .... (15,286) (10,447) -- ----------- ----------- ----------- Net investment income ........................ (3,153) 4,424 -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 10,060,090 733,862 -- Cost of mutual fund shares sold ................ (12,182,785) (720,686) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (2,122,695) 13,176 -- Change in unrealized gain (loss) on investments ............................... 1,125,331 (1,148,444) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (997,364) (1,135,268) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (1,000,517) (1,130,844) -- =========== =========== ===========
JANINTGRO ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 14,370 68,254 -- Mortality and expense risk charges (note 3) .... (16,892) (8,795) -- ----------- ----------- ----------- Net investment income ........................ (2,522) 59,459 -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 3,309,639 1,279,606 -- Cost of mutual fund shares sold ................ (4,315,738) (1,460,939) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (1,006,099) (181,333) -- Change in unrealized gain (loss) on investments ............................... 441,311 (349,293) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (564,788) (530,626) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (567,310) (471,167) -- =========== =========== ===========
12 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATCAPAP ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ -- 64,829 277,922 Mortality and expense risk charges (note 3) .... (149,321) (262,581) (323,069) ----------- ----------- ----------- Net investment income ........................ (149,321) (197,752) (45,147) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 3,987,142 9,898,396 14,859,491 Cost of mutual fund shares sold ................ (8,267,452) (9,942,866) (13,314,168) ----------- ----------- ----------- Realized gain (loss) on investments .......... (4,280,310) (44,470) 1,545,323 Change in unrealized gain (loss) on investments ............................... (3,202,773) (16,033,473) (2,937,651) ----------- ----------- ----------- Net gain (loss) on investments ............... (7,483,083) (16,077,943) (1,392,328) ----------- ----------- ----------- Reinvested capital gains ....................... -- 6,018,129 2,820,485 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $(7,632,404) (10,257,566) 1,383,010 =========== =========== ===========
NSATMIDCAPIX ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 13,844 5,044 -- Mortality and expense risk charges (note 3) .... (17,915) (4,225) -- ----------- ----------- ----------- Net investment income ........................ (4,071) 819 -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 5,810,245 5,847,137 -- Cost of mutual fund shares sold ................ (6,065,948) (5,829,612) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (255,703) 17,525 -- Change in unrealized gain (loss) on investments ............................... 115,892 (68,941) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (139,811) (51,416) -- ----------- ----------- ----------- Reinvested capital gains ....................... 25,776 59,565 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (118,106) 8,968 -- =========== =========== ===========
NSATEMMKT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 1,129 -- -- Mortality and expense risk charges (note 3) .... (1,054) (21) -- ----------- ----------- ----------- Net investment income ........................ 75 (21) -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 925,621 21,742 -- Cost of mutual fund shares sold ................ (950,127) (22,889) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (24,506) (1,147) -- Change in unrealized gain (loss) on investments ............................... 33,345 (711) -- ----------- ----------- ----------- Net gain (loss) on investments ............... 8,839 (1,858) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... 8,914 (1,879) -- =========== =========== ===========
NSATGLOBTC ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ -- -- -- Mortality and expense risk charges (note 3) .... (2,955) (918) -- ----------- ----------- ----------- Net investment income ........................ (2,955) (918) -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 410,266 16,330 -- Cost of mutual fund shares sold ................ (835,201) (22,265) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (424,935) (5,935) -- Change in unrealized gain (loss) on investments ............................... 215,502 (233,078) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (209,433) (239,013) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- 8,554 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ (212,388) (231,377) -- =========== =========== ===========
NSATINTGR ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 28 -- -- Mortality and expense risk charges (note 3) .... (193) (14) -- ----------- ----------- ----------- Net investment income ........................ (165) (14) -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 427,289 23,858 -- Cost of mutual fund shares sold ................ (430,379) (24,091) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (3,090) (233) -- Change in unrealized gain (loss) on investments ............................... 1,005 (168) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (2,085) (401) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (2,250) (415) -- =========== =========== ===========
NSATGVTBD ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 811,537 692,626 787,049 Mortality and expense risk charges (note 3) .... (128,835) (99,480) (121,678) ----------- ----------- ----------- Net investment income ........................ 682,702 593,146 665,371 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 21,314,906 10,368,266 29,946,083 Cost of mutual fund shares sold ................ (20,624,557) (10,500,566) (30,797,415) ----------- ----------- ----------- Realized gain (loss) on investments .......... 690,349 (132,300) (851,332) Change in unrealized gain (loss) on investments ............................... (567,238) 822,785 (301,600) ----------- ----------- ----------- Net gain (loss) on investments ............... 123,111 690,485 (1,152,932) ----------- ----------- ----------- Reinvested capital gains ....................... 25,190 -- 25,753 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... 831,003 1,283,631 (461,808) =========== =========== ===========
(Continued) 13 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATMSECBD -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 29,490 3,708 -- Mortality and expense risk charges (note 3) .... (2,786) (220) -- ------------ ------------ ------------ Net investment income ........................ 26,704 3,488 -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 1,985,743 237,528 -- Cost of mutual fund shares sold ................ (2,002,292) (238,314) -- ------------ ------------ ------------ Realized gain (loss) on investments .......... (16,549) (786) -- Change in unrealized gain (loss) on investments ............................... (1,097) 457 -- ------------ ------------ ------------ Net gain (loss) on investments ............... (17,646) (329) -- ------------ ------------ ------------ Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ 9,058 3,159 -- ============ ============ ============
NSATMYMKT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 1,894,859 3,057,620 2,607,883 Mortality and expense risk charges (note 3) .... (423,551) (413,875) (415,133) ------------ ------------ ------------ Net investment income ........................ 1,471,308 2,643,745 2,192,750 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 207,472,704 292,342,512 257,299,024 Cost of mutual fund shares sold ................ (207,472,704) (292,342,512) (257,299,024) ------------ ------------ ------------ Realized gain (loss) on investments .......... -- -- -- Change in unrealized gain (loss) on investments ............................... -- -- -- ------------ ------------ ------------ Net gain (loss) on investments ............... -- -- -- ------------ ------------ ------------ Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... 1,471,308 2,643,745 2,192,750 ============ ============ ============
NSATSMCAPG -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (8,611) (2,514) -- ------------ ------------ ------------ Net investment income ........................ (8,611) (2,514) -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 11,138,422 1,286,406 -- Cost of mutual fund shares sold ................ (11,361,555) (1,360,619) -- ------------ ------------ ------------ Realized gain (loss) on investments .......... (223,133) (74,213) -- Change in unrealized gain (loss) on investments ............................... 178,447 (167,853) -- ------------ ------------ ------------ Net gain (loss) on investments ............... (44,686) (242,066) -- ------------ ------------ ------------ Reinvested capital gains ....................... -- 2,683 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (53,297) (241,897) -- ============ ============ ============
NSATSMCAPV -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 3,877 -- -- Mortality and expense risk charges (note 3) .... (97,351) (51,635) (12,857) ------------ ------------ ------------ Net investment income ........................ (93,474) (51,635) (12,857) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 41,798,997 9,626,402 38,165,993 Cost of mutual fund shares sold ................ (41,688,579) (9,463,196) (37,730,603) ------------ ------------ ------------ Realized gain (loss) on investments .......... 110,418 163,206 435,390 Change in unrealized gain (loss) on investments ............................... 1,228,548 (1,082,758) (178,227) ------------ ------------ ------------ Net gain (loss) on investments ............... 1,338,966 (919,552) 257,163 ------------ ------------ ------------ Reinvested capital gains ....................... 1,026,030 1,418,043 463,979 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ 2,271,522 446,856 708,285 ============ ============ ============
NSATSMCO -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 29,451 8,275 -- Mortality and expense risk charges (note 3) .... (195,239) (220,692) (133,984) ------------ ------------ ------------ Net investment income ........................ (165,788) (212,417) (133,984) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 12,888,373 34,607,733 12,258,303 Cost of mutual fund shares sold ................ (17,290,472) (25,554,105) (11,935,965) ------------ ------------ ------------ Realized gain (loss) on investments .......... (4,402,099) 9,053,628 322,338 Change in unrealized gain (loss) on investments ............................... 2,206,825 (12,312,627) 6,521,648 ------------ ------------ ------------ Net gain (loss) on investments ............... (2,195,274) (3,258,999) 6,843,986 ------------ ------------ ------------ Reinvested capital gains ....................... -- 5,338,437 1,017,362 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (2,361,062) 1,867,021 7,727,364 ============ ============ ============
NSATSTMCAP -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (6,440) (2,791) -- ------------ ------------ ------------ Net investment income ........................ (6,440) (2,791) -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 6,243,931 1,977,764 -- Cost of mutual fund shares sold ................ (6,691,865) (2,065,729) -- ------------ ------------ ------------ Realized gain (loss) on investments .......... (447,934) (87,965) -- Change in unrealized gain (loss) on investments ............................... 118,872 (109,003) -- ------------ ------------ ------------ Net gain (loss) on investments ............... (329,062) (196,968) -- ------------ ------------ ------------ Reinvested capital gains ....................... -- 14,918 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (335,502) (184,841) -- ============ ============ ============
14 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATTOTRE -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 622,347 612,176 663,979 Mortality and expense risk charges (note 3) .... (612,246) (736,850) (774,887) ------------ ------------ ------------ Net investment income ........................ 10,101 (124,674) (110,908) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 5,229,380 13,544,946 7,683,042 Cost of mutual fund shares sold ................ (6,985,175) (9,201,670) (4,796,181) ------------ ------------ ------------ Realized gain (loss) on investments .......... (1,755,795) 4,343,276 2,886,861 Change in unrealized gain (loss) on investments ............................... (11,829,407) (40,766,537) (615,625) ------------ ------------ ------------ Net gain (loss) on investments ............... (13,585,202) (36,423,261) 2,271,236 ------------ ------------ ------------ Reinvested capital gains ....................... 2,194,987 33,726,301 3,857,973 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $(11,380,114) (2,821,634) 6,018,301 ============ ============ ============
NSATGRFOC -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (1,295) (100) -- ------------ ------------ ------------ Net investment income ........................ (1,295) (100) -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 5,355,883 7,483 -- Cost of mutual fund shares sold ................ (5,498,348) (10,247) -- ------------ ------------ ------------ Realized gain (loss) on investments .......... (142,465) (2,764) -- Change in unrealized gain (loss) on investments ............................... 26,613 (24,195) -- ------------ ------------ ------------ Net gain (loss) on investments ............... (115,852) (26,959) -- ------------ ------------ ------------ Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (117,147) (27,059) -- ============ ============ ============
NBAMTBAL -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (43) -- -- ------------ ------------ ------------ Net investment income ........................ (43) -- -- ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 357 -- -- Cost of mutual fund shares sold ................ (373) -- -- ------------ ------------ ------------ Realized gain (loss) on investments .......... (16) -- -- Change in unrealized gain (loss) on investments ............................... 125 -- -- ------------ ------------ ------------ Net gain (loss) on investments ............... 109 -- -- ------------ ------------ ------------ Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... 66 -- -- ============ ============ ============
NBAMTGRO -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ -- -- -- Mortality and expense risk charges (note 3) .... (193,586) (326,947) (183,268) ------------ ------------ ------------ Net investment income ........................ (193,586) (326,947) (183,268) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 15,400,054 29,136,062 90,781,328 Cost of mutual fund shares sold ................ (44,397,183) (19,441,919) (88,544,143) ------------ ------------ ------------ Realized gain (loss) on investments .......... (28,997,129) 9,694,143 2,237,185 Change in unrealized gain (loss) on investments ............................... 6,433,848 (18,572,555) 7,073,105 ------------ ------------ ------------ Net gain (loss) on investments ............... (22,563,281) (8,878,412) 9,310,290 ------------ ------------ ------------ Reinvested capital gains ....................... 12,536,350 3,211,533 1,124,154 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $(10,220,517) (5,993,826) 10,251,176 ============ ============ ============
NBAMTGUARD -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 10,656 12,425 4,569 Mortality and expense risk charges (note 3) .... (16,691) (14,688) (12,787) ------------ ------------ ------------ Net investment income ........................ (6,035) (2,263) (8,218) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 1,068,268 2,733,360 8,197,327 Cost of mutual fund shares sold ................ (1,061,536) (2,651,491) (8,110,096) ------------ ------------ ------------ Realized gain (loss) on investments .......... 6,732 81,869 87,231 Change in unrealized gain (loss) on investments ............................... (216,517) (98,383) 43,771 ------------ ------------ ------------ Net gain (loss) on investments ............... (209,785) (16,514) 131,002 ------------ ------------ ------------ Reinvested capital gains ....................... 152,227 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (63,593) (18,777) 122,784 ============ ============ ============
NBAMTLMAT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 255,613 306,913 277,113 Mortality and expense risk charges (note 3) .... (35,234) (32,093) (35,738) ------------ ------------ ------------ Net investment income ........................ 220,379 274,820 241,375 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 3,377,140 9,275,328 1,296,663 Cost of mutual fund shares sold ................ (3,287,910) (9,541,403) (1,370,958) ------------ ------------ ------------ Realized gain (loss) on investments .......... 89,230 (266,075) (74,295) Change in unrealized gain (loss) on investments ............................... 11,853 223,548 (128,665) ------------ ------------ ------------ Net gain (loss) on investments ............... 101,083 (42,527) (202,960) ------------ ------------ ------------ Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... 321,462 232,293 38,415 ============ ============ ============
(Continued) 15 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NBAMTPART ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 90,620 217,800 395,343 Mortality and expense risk charges (note 3) .... (165,930) (194,093) (234,549) ----------- ----------- ----------- Net investment income ........................ (75,310) 23,707 160,794 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 2,321,375 11,982,768 10,213,406 Cost of mutual fund shares sold ................ (3,124,641) (14,409,112) (10,762,285) ----------- ----------- ----------- Realized gain (loss) on investments .......... (803,266) (2,426,344) (548,879) Change in unrealized gain (loss) on investments ............................... (872,728) (2,383,122) 1,854,882 ----------- ----------- ----------- Net gain (loss) on investments ............... (1,675,994) (4,809,466) 1,306,003 ----------- ----------- ----------- Reinvested capital gains ....................... 860,887 4,631,886 687,554 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ (890,417) (153,873) 2,154,351 =========== =========== ===========
OPPAGGGRO ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 20,230 -- -- Mortality and expense risk charges (note 3) .... (16,032) (9,718) -- ----------- ----------- ----------- Net investment income ........................ 4,198 (9,718) -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 4,586,812 8,805,282 -- Cost of mutual fund shares sold ................ (6,129,642) (9,294,608) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (1,542,830) (489,326) -- Change in unrealized gain (loss) on investments ............................... 307,499 (435,498) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (1,235,331) (924,824) -- ----------- ----------- ----------- Reinvested capital gains ....................... 315,653 -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (915,480) (934,542) -- =========== =========== ===========
OPPBDFD ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 864,092 888,727 563,814 Mortality and expense risk charges (note 3) .... (92,640) (84,563) (91,553) ----------- ----------- ----------- Net investment income ........................ 771,452 804,164 472,261 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 6,081,563 2,331,159 3,691,017 Cost of mutual fund shares sold ................ (6,575,644) (2,569,226) (3,697,719) ----------- ----------- ----------- Realized gain (loss) on investments .......... (494,081) (238,067) (6,702) Change in unrealized gain (loss) on investments ............................... 471,071 16,219 (794,086) ----------- ----------- ----------- Net gain (loss) on investments ............... (23,010) (221,848) (800,788) ----------- ----------- ----------- Reinvested capital gains ....................... -- -- 54,146 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... 748,442 582,316 (274,381) =========== =========== ===========
OPPCAPAP ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 110,415 18,905 16,006 Mortality and expense risk charges (note 3) .... (129,492) (129,760) (48,619) ----------- ----------- ----------- Net investment income ........................ (19,077) (110,855) (32,613) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 3,376,810 10,473,722 25,212,861 Cost of mutual fund shares sold ................ (4,406,616) (8,613,035) (24,502,814) ----------- ----------- ----------- Realized gain (loss) on investments .......... (1,029,806) 1,860,687 710,047 Change in unrealized gain (loss) on investments ............................... (3,248,518) (3,665,305) 1,735,399 ----------- ----------- ----------- Net gain (loss) on investments ............... (4,278,324) (1,804,618) 2,445,446 ----------- ----------- ----------- Reinvested capital gains ....................... 1,656,912 1,008,850 175,824 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $(2,640,489) (906,623) 2,588,657 =========== =========== ===========
OPPGLSEC ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 250,956 99,579 255,944 Mortality and expense risk charges (note 3) .... (268,070) (313,312) (190,529) ----------- ----------- ----------- Net investment income ........................ (17,114) (213,733) 65,415 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 8,061,340 4,035,642 6,535,136 Cost of mutual fund shares sold ................ (7,350,064) (2,393,689) (4,397,501) ----------- ----------- ----------- Realized gain (loss) on investments .......... 711,276 1,641,953 2,137,635 Change in unrealized gain (loss) on investments ............................... (10,336,593) (5,708,731) 9,595,322 ----------- ----------- ----------- Net gain (loss) on investments ............... (9,625,317) (4,066,778) 11,732,957 ----------- ----------- ----------- Reinvested capital gains ....................... 4,652,673 5,565,874 717,222 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (4,989,758) 1,285,363 12,515,594 =========== =========== ===========
OPPMSGRINC ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 2,647 -- -- Mortality and expense risk charges (note 3) .... (4,216) (965) -- ----------- ----------- ----------- Net investment income ........................ (1,569) (965) -- ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 271,972 100,863 -- Cost of mutual fund shares sold ................ (340,552) (98,302) -- ----------- ----------- ----------- Realized gain (loss) on investments .......... (68,580) 2,561 -- Change in unrealized gain (loss) on investments ............................... 3,903 (40,617) -- ----------- ----------- ----------- Net gain (loss) on investments ............... (64,677) (38,056) -- ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (66,246) (39,021) -- =========== =========== ===========
16 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
OPPMULT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 585,774 684,260 480,400 Mortality and expense risk charges (note 3) .... (122,655) (125,117) (115,579) ------------ ------------ ------------ Net investment income ........................ 463,119 559,143 364,821 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 2,496,202 4,981,698 2,796,637 Cost of mutual fund shares sold ................ (2,749,417) (4,584,087) (2,391,468) ------------ ------------ ------------ Realized gain (loss) on investments .......... (253,215) 397,611 405,169 Change in unrealized gain (loss) on investments ............................... (788,871) (1,160,185) 10,270 ------------ ------------ ------------ Net gain (loss) on investments ............... (1,042,086) (762,574) 415,439 ------------ ------------ ------------ Reinvested capital gains ....................... 782,407 993,822 694,901 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ 203,440 790,391 1,475,161 ============ ============ ============
STOPP2 -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 254,345 -- -- Mortality and expense risk charges (note 3) .... (345,200) (355,887) (283,101) ------------ ------------ ------------ Net investment income ........................ (90,855) (355,887) (283,101) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 4,912,670 5,753,763 6,031,119 Cost of mutual fund shares sold ................ (4,102,002) (3,771,596) (4,291,744) ------------ ------------ ------------ Realized gain (loss) on investments .......... 810,668 1,982,167 1,739,375 Change in unrealized gain (loss) on investments ............................... (9,214,867) (4,879,451) 5,430,662 ------------ ------------ ------------ Net gain (loss) on investments ............... (8,404,199) (2,897,284) 7,170,037 ------------ ------------ ------------ Reinvested capital gains ....................... 6,568,447 5,562,609 3,541,869 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... (1,926,607) 2,309,438 10,428,805 ============ ============ ============
STDISC2 -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 48,229 -- -- Mortality and expense risk charges (note 3) .... (56,087) (58,904) (53,820) ------------ ------------ ------------ Net investment income ........................ (7,858) (58,904) (53,820) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 8,810,961 6,435,185 8,370,593 Cost of mutual fund shares sold ................ (10,205,721) (5,682,290) (9,362,894) ------------ ------------ ------------ Realized gain (loss) on investments .......... (1,394,760) 752,895 (992,301) Change in unrealized gain (loss) on investments ............................... 323,479 (482,257) 125,370 ------------ ------------ ------------ Net gain (loss) on investments ............... (1,071,281) 270,638 (866,931) ------------ ------------ ------------ Reinvested capital gains ....................... 1,246,478 -- 1,035,670 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... 167,339 211,734 114,919 ============ ============ ============
STINTSTK2 -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... $ -- -- 7,958 Mortality and expense risk charges (note 3) .... (19,820) (49,525) (22,468) ------------ ------------ ------------ Net investment income ........................ (19,820) (49,525) (14,510) ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 19,473,590 45,151,810 12,615,085 Cost of mutual fund shares sold ................ (20,141,787) (45,538,936) (11,285,141) ------------ ------------ ------------ Realized gain (loss) on investments .......... (668,197) (387,126) 1,329,944 Change in unrealized gain (loss) on investments ............................... (12,561) (1,546,991) 1,572,604 ------------ ------------ ------------ Net gain (loss) on investments ............... (680,758) (1,934,117) 2,902,548 ------------ ------------ ------------ Reinvested capital gains ....................... 94,952 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... $ (605,626) (1,983,642) 2,888,038 ============ ============ ============
UIFEMMKT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 109,934 108,788 84,322 Mortality and expense risk charges (note 3) .... (6,381) (6,391) (3,195) ------------ ------------ ------------ Net investment income ........................ 103,553 102,397 81,127 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 1,558,402 696,248 1,067,995 Cost of mutual fund shares sold ................ (1,555,432) (669,859) (1,041,803) ------------ ------------ ------------ Realized gain (loss) on investments .......... 2,970 26,389 26,192 Change in unrealized gain (loss) on investments ............................... (10,775) (38,552) 29,379 ------------ ------------ ------------ Net gain (loss) on investments ............... (7,805) (12,163) 55,571 ------------ ------------ ------------ Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... 95,748 90,234 136,698 ============ ============ ============
UIFUSRE -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Reinvested dividends ........................... 324,384 514,484 400,217 Mortality and expense risk charges (note 3) .... (63,716) (46,629) (44,010) ------------ ------------ ------------ Net investment income ........................ 260,668 467,855 356,207 ------------ ------------ ------------ Proceeds from mutual funds shares sold ......... 9,726,902 11,404,275 6,089,310 Cost of mutual fund shares sold ................ (9,227,767) (10,957,678) (7,139,977) ------------ ------------ ------------ Realized gain (loss) on investments .......... 499,135 446,597 (1,050,667) Change in unrealized gain (loss) on investments ............................... (151,471) 443,730 478,383 ------------ ------------ ------------ Net gain (loss) on investments ............... 347,664 890,327 (572,284) ------------ ------------ ------------ Reinvested capital gains ....................... 71,668 36,959 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations ........... 680,000 1,395,141 (216,077) ============ ============ ============
(Continued) 17 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF OPERATIONS, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
VEWRLDBD ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... $ 101,924 125,433 135,225 Mortality and expense risk charges (note 3) .... (19,527) (21,681) (25,601) ----------- ----------- ----------- Net investment income ........................ 82,397 103,752 109,624 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 6,609,847 11,085,379 4,442,114 Cost of mutual fund shares sold ................ (6,708,322) (11,357,847) (4,822,035) ----------- ----------- ----------- Realized gain (loss) on investments .......... (98,475) (272,468) (379,921) Change in unrealized gain (loss) on investments ............................... (128,804) 148,290 (74,747) ----------- ----------- ----------- Net gain (loss) on investments ............... (227,279) (124,178) (454,668) ----------- ----------- ----------- Reinvested capital gains ....................... -- -- 60,420 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... $ (144,882) (20,426) (284,624) =========== =========== ===========
VEWRLDEMKT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... -- -- -- Mortality and expense risk charges (note 3) .... (26,750) (53,777) (32,044) ----------- ----------- ----------- Net investment income ........................ (26,750) (53,777) (32,044) ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 27,874,002 22,197,969 26,145,515 Cost of mutual fund shares sold ................ (28,521,629) (22,523,533) (24,002,878) ----------- ----------- ----------- Realized gain (loss) on investments .......... (647,627) (325,564) 2,142,637 Change in unrealized gain (loss) on investments ............................... 690,151 (2,614,711) 1,939,640 ----------- ----------- ----------- Net gain (loss) on investments ............... 42,524 (2,940,275) 4,082,277 ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... 15,774 (2,994,052) 4,050,233 =========== =========== ===========
VEWRLDHAS ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Reinvested dividends ........................... 45,286 47,340 61,762 Mortality and expense risk charges (note 3) .... (31,957) (36,261) (36,567) ----------- ----------- ----------- Net investment income ........................ 13,329 11,079 25,195 ----------- ----------- ----------- Proceeds from mutual funds shares sold ......... 10,858,141 17,958,019 19,298,812 Cost of mutual fund shares sold ................ (11,323,718) (17,432,316) (18,689,697) ----------- ----------- ----------- Realized gain (loss) on investments .......... (465,577) 525,703 609,115 Change in unrealized gain (loss) on investments ............................... (17,134) (152,863) 199,401 ----------- ----------- ----------- Net gain (loss) on investments ............... (482,711) 372,840 808,516 ----------- ----------- ----------- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations ........... (469,382) 383,919 833,711 =========== =========== ===========
See accompanying notes to financial statements. 18 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
TOTAL ----------------------------------------------------- 2001 2000 1999 --------------- --------------- --------------- INVESTMENT ACTIVITY: Net investment income .......................... $ 7,051,683 5,292,428 6,438,144 Realized gain (loss) on investments ............ (95,706,913) 61,135,620 57,750,755 Change in unrealized gain (loss) on investments ............................... (102,443,273) (263,179,099) 93,482,590 Reinvested capital gains ....................... 59,973,994 117,294,274 39,898,769 --------------- --------------- --------------- Net increase (decrease) in contract owners' equity resulting from operations .................. (131,124,509) (79,456,777) 197,570,258 --------------- --------------- --------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 103,755,686 120,946,341 155,876,754 Transfers between funds ........................ -- -- -- Surrenders ..................................... (47,591,030) (41,340,894) (29,241,082) Death benefits (note 4) ........................ (3,310,640) (2,753,264) (5,189,106) Policy loans (net of repayments) (note 5) ...... (8,284,301) (18,700,994) (16,840,767) Deductions for surrender charges (note 2d) ..... (4,259,124) (3,783,229) (4,371,271) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (46,802,944) (46,656,142) (46,509,797) Asset charges (note 3): MSP contracts ................................ (487,482) (600,986) (560,395) LSFP contracts ............................... (374,976) (385,150) (275,681) --------------- --------------- --------------- Net equity transactions .................... (7,354,811) 6,725,682 52,888,655 --------------- --------------- --------------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (138,479,320) (72,731,095) 250,458,913 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 1,071,884,297 1,144,615,392 894,156,479 --------------- --------------- --------------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 933,404,977 1,071,884,297 1,144,615,392 =============== =============== =============== CHANGES IN UNITS: Beginning units ................................ 44,184,383 42,923,800 39,766,962 --------------- --------------- --------------- Units purchased ................................ 8,105,043 9,659,168 12,461,932 Units redeemed ................................. (7,779,263) (8,398,585) (9,305,094) --------------- --------------- --------------- Ending units ................................... 44,510,163 44,184,383 42,923,800 =============== =============== ===============
ACVPBAL ----------------------------------------------------- 2001 2000 1999 --------------- --------------- --------------- INVESTMENT ACTIVITY: Net investment income .......................... 109,967 99,419 61,381 Realized gain (loss) on investments ............ (149,134) (85,566) (51,696) Change in unrealized gain (loss) on investments ............................... (374,866) (306,371) (209,153) Reinvested capital gains ....................... 177,314 89,903 723,542 --------------- --------------- --------------- Net increase (decrease) in contract owners' equity resulting from operations .................. (236,719) (202,615) 524,074 --------------- --------------- --------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 537,559 657,944 765,352 Transfers between funds ........................ (18,553) (516,182) (71,304) Surrenders ..................................... (274,881) (287,549) (170,759) Death benefits (note 4) ........................ (19,851) (2,238) (3,696) Policy loans (net of repayments) (note 5) ...... (7,043) (90,905) (109,266) Deductions for surrender charges (note 2d) ..... (24,600) (26,315) (25,527) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (264,440) (253,169) (273,361) Asset charges (note 3): MSP contracts ................................ (4,877) (5,232) (4,829) LSFP contracts ............................... (1,571) (1,420) (912) --------------- --------------- --------------- Net equity transactions .................... (78,257) (525,066) 105,698 --------------- --------------- --------------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (314,976) (727,681) 629,772 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 5,464,950 6,192,631 5,562,859 --------------- --------------- --------------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 5,149,974 5,464,950 6,192,631 =============== =============== =============== CHANGES IN UNITS: Beginning units ................................ 280,165 306,093 299,058 --------------- --------------- --------------- Units purchased ................................ 32,188 35,007 51,610 Units redeemed ................................. (36,385) (60,935) (44,575) --------------- --------------- --------------- Ending units ................................... 275,968 280,165 306,093 =============== =============== ===============
ACVPCAPAP ----------------------------------------------------- 2001 2000 1999 --------------- --------------- --------------- INVESTMENT ACTIVITY: Net investment income .......................... (157,084) (225,875) (108,580) Realized gain (loss) on investments ............ (9,558,196) 8,676,996 763,191 Change in unrealized gain (loss) on investments ............................... (5,254,647) (7,733,755) 6,761,369 Reinvested capital gains ....................... 7,598,012 750,781 -- --------------- --------------- --------------- Net increase (decrease) in contract owners' equity resulting from operations .................. (7,371,915) 1,468,147 7,415,980 --------------- --------------- --------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,922,090 2,321,398 1,955,940 Transfers between funds ........................ (3,106,083) 6,725,158 261,755 Surrenders ..................................... (994,264) (1,026,955) (723,035) Death benefits (note 4) ........................ (26,610) (20,053) (23,318) Policy loans (net of repayments) (note 5) ...... (266,547) (635,720) (241,323) Deductions for surrender charges (note 2d) ..... (88,981) (93,980) (108,087) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (917,212) (1,000,118) (687,205) Asset charges (note 3): MSP contracts ................................ (8,721) (12,135) (3,806) LSFP contracts ............................... (4,237) (4,320) (1,392) --------------- --------------- --------------- Net equity transactions .................... (3,490,565) 6,253,275 429,529 --------------- --------------- --------------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (10,862,480) 7,721,422 7,845,509 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 27,161,584 19,440,162 11,594,653 --------------- --------------- --------------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 16,299,104 27,161,584 19,440,162 =============== =============== =============== CHANGES IN UNITS: Beginning units ................................ 1,120,543 851,973 825,873 --------------- --------------- --------------- Units purchased ................................ 114,186 379,881 175,114 Units redeemed ................................. (289,549) (111,311) (149,014) --------------- --------------- --------------- Ending units ................................... 945,180 1,120,543 851,973 =============== =============== ===============
(Continued) 19 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
ACVPINCGR ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ 4,371 (7,281) (26,446) Realized gain (loss) on investments ............ (367,434) 272,347 461,156 Change in unrealized gain (loss) on investments ............................... (36,896) (817,445) 247,602 Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (399,959) (552,379) 682,312 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 463,372 588,512 482,154 Transfers between funds ........................ (30,266) 51,206 2,244,545 Surrenders ..................................... (128,813) (103,924) (56,332) Death benefits (note 4) ........................ -- (25,723) -- Policy loans (net of repayments) (note 5) ...... (177) (54,872) 49,802 Deductions for surrender charges (note 2d) ..... (11,528) (9,510) (8,421) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (171,662) (149,381) (109,013) Asset charges (note 3): MSP contracts ................................ (2,384) (3,446) (3,326) LSFP contracts ............................... (2,139) (3,118) (4,278) ----------- ----------- ----------- Net equity transactions .................... 116,403 289,744 2,595,131 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (283,556) (262,635) 3,277,443 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 4,560,448 4,823,083 1,545,640 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 4,276,892 4,560,448 4,823,083 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 403,910 378,466 142,086 ----------- ----------- ----------- Units purchased ................................ 56,641 100,713 256,957 Units redeemed ................................. (44,262) (75,269) (20,577) ----------- ----------- ----------- Ending units ................................... 416,289 403,910 378,466 =========== =========== ===========
ACVPINT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (115,508) (160,634) (123,973) Realized gain (loss) on investments ............ (6,339,097) 4,676,153 2,485,788 Change in unrealized gain (loss) on investments ............................... (1,840,599) (9,830,737) 6,850,984 Reinvested capital gains ....................... 1,789,528 478,387 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (6,505,676) (4,836,831) 9,212,799 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,563,930 1,859,782 1,793,620 Transfers between funds ........................ (1,610,440) 2,472,737 1,521,029 Surrenders ..................................... (411,527) (699,631) (363,715) Death benefits (note 4) ........................ (16,220) (56,581) (15,489) Policy loans (net of repayments) (note 5) ...... (123,790) (164,750) (508,785) Deductions for surrender charges (note 2d) ..... (36,829) (64,025) (54,372) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (668,820) (777,200) (578,192) Asset charges (note 3): MSP contracts ................................ (7,104) (13,908) (9,808) LSFP contracts ............................... (10,541) (14,309) (5,962) ----------- ----------- ----------- Net equity transactions .................... (1,321,341) 2,542,115 1,778,326 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (7,827,017) (2,294,716) 10,991,125 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 22,457,622 24,752,338 13,761,213 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 14,630,605 22,457,622 24,752,338 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 1,027,636 935,555 847,041 ----------- ----------- ----------- Units purchased ................................ 97,198 201,426 177,900 Units redeemed ................................. (174,047) (109,345) (89,386) ----------- ----------- ----------- Ending units ................................... 950,787 1,027,636 935,555 =========== =========== ===========
ACVPVALUE ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 22,955 7,825 5,292 Realized gain (loss) on investments ............ 272,565 348,832 (14,581) Change in unrealized gain (loss) on investments ............................... 549,875 414,821 (279,501) Reinvested capital gains ....................... -- 89,531 249,026 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 845,395 861,009 (39,764) ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 582,884 396,314 536,794 Transfers between funds ........................ 4,815,841 2,843,992 (10,220) Surrenders ..................................... (424,152) (139,365) (44,773) Death benefits (note 4) ........................ (32,416) -- (18,972) Policy loans (net of repayments) (note 5) ...... 258,803 (132,570) (46,175) Deductions for surrender charges (note 2d) ..... (37,959) (12,754) (6,693) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (320,328) (122,278) (138,847) Asset charges (note 3): MSP contracts ................................ (5,886) (2,874) (3,246) LSFP contracts ............................... (4,940) (4,255) (1,972) ----------- ----------- ----------- Net equity transactions .................... 4,831,847 2,826,210 265,896 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 5,677,242 3,687,219 226,132 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 6,626,601 2,939,382 2,713,250 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 12,303,843 6,626,601 2,939,382 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 435,109 225,895 205,278 ----------- ----------- ----------- Units purchased ................................ 340,692 242,795 49,493 Units redeemed ................................. (53,917) (33,581) (28,876) ----------- ----------- ----------- Ending units ................................... 721,884 435,109 225,895 =========== =========== ===========
20 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
CSWPGPV ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ (15,488) (26,477) (13,686) Realized gain (loss) on investments ............ (1,234,999) 156,924 831,668 Change in unrealized gain (loss) on investments ............................... 471,352 (1,447,278) 489,466 Reinvested capital gains ....................... -- 359,529 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (779,135) (957,302) 1,307,448 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 175,113 246,696 139,661 Transfers between funds ........................ (290,162) (728,042) 2,043,854 Surrenders ..................................... (95,856) (35,654) (28,894) Death benefits (note 4) ........................ (2,390) -- -- Policy loans (net of repayments) (note 5) ...... 36,298 (69,160) (72,651) Deductions for surrender charges (note 2d) ..... (8,579) (3,263) (4,319) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (90,037) (103,357) (50,521) Asset charges (note 3): MSP contracts ................................ (952) (1,735) (847) LSFP contracts ............................... (980) (1,618) (855) ----------- ----------- ----------- Net equity transactions .................... (277,545) (696,133) 2,025,428 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (1,056,680) (1,653,435) 3,332,876 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 2,780,103 4,433,538 1,100,662 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 1,723,423 2,780,103 4,433,538 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 176,075 227,326 91,311 ----------- ----------- ----------- Units purchased ................................ 20,442 37,149 157,184 Units redeemed ................................. (42,279) (88,400) (21,169) ----------- ----------- ----------- Ending units ................................... 154,238 176,075 227,326 =========== =========== ===========
CSWPINTEQ ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (56,285) (30,391) 36,167 Realized gain (loss) on investments ............ (3,960,661) 348,782 1,214,234 Change in unrealized gain (loss) on investments ............................... 2,099,268 (4,794,748) 3,271,039 Reinvested capital gains ....................... -- 1,233,063 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (1,917,678) (3,243,294) 4,521,440 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,047,183 1,203,310 1,411,984 Transfers between funds ........................ (704,029) (1,618,161) (167,066) Surrenders ..................................... (368,264) (182,801) (642,724) Death benefits (note 4) ........................ (7,251) (17,201) (124,597) Policy loans (net of repayments) (note 5) ...... (66,856) (160,238) (83,407) Deductions for surrender charges (note 2d) ..... (32,958) (16,729) (96,081) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (361,742) (426,399) (427,942) Asset charges (note 3): MSP contracts ................................ (5,243) (8,051) (8,596) LSFP contracts ............................... (4,614) (6,243) (3,905) ----------- ----------- ----------- Net equity transactions .................... (503,774) (1,232,513) (142,334) ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (2,421,452) (4,475,807) 4,379,106 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 9,192,407 13,668,214 9,289,108 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 6,770,955 9,192,407 13,668,214 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 711,440 779,846 805,473 ----------- ----------- ----------- Units purchased ................................ 110,791 83,704 160,398 Units redeemed ................................. (142,631) (152,110) (186,025) ----------- ----------- ----------- Ending units ................................... 679,600 711,440 779,846 =========== =========== ===========
CSWPSMCO ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (138,697) (216,538) (114,737) Realized gain (loss) on investments ............ (11,329,224) 5,305,559 564,155 Change in unrealized gain (loss) on investments ............................... 7,104,902 (18,360,336) 8,391,845 Reinvested capital gains ....................... -- 5,714,137 709,970 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (4,363,019) (7,557,178) 9,551,233 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,168,671 3,205,250 2,658,532 Transfers between funds ........................ (3,347,967) 7,227,152 (248,812) Surrenders ..................................... (805,855) (818,535) (301,023) Death benefits (note 4) ........................ (86,645) (46,924) (60,498) Policy loans (net of repayments) (note 5) ...... (1,349) (406,035) (288,744) Deductions for surrender charges (note 2d) ..... (72,120) (74,907) (45,000) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (922,151) (1,346,935) (902,731) Asset charges (note 3): MSP contracts ................................ (9,810) (17,598) (9,685) LSFP contracts ............................... (8,705) (12,620) (5,597) ----------- ----------- ----------- Net equity transactions .................... (3,085,931) 7,708,848 796,442 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (7,448,950) 151,670 10,347,675 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 25,677,975 25,526,305 15,178,630 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 18,229,025 25,677,975 25,526,305 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 1,272,956 1,024,167 1,015,805 ----------- ----------- ----------- Units purchased ................................ 137,229 353,977 183,941 Units redeemed ................................. (325,463) (105,188) (175,579) ----------- ----------- ----------- Ending units ................................... 1,084,722 1,272,956 1,024,167 =========== =========== ===========
(Continued) 21 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
DRYEUROEQ -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ (736) (293) -- Realized gain (loss) on investments ............ 2,841 (6,913) -- Change in unrealized gain (loss) on investments ............................... (878) 1,517 -- Reinvested capital gains ....................... -- 1,253 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 1,227 (4,436) -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 12,657 5,122 -- Transfers between funds ........................ (35,400) 113,027 -- Surrenders ..................................... (1,022) -- -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (300) 2 -- Deductions for surrender charges (note 2d) ..... (91) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (6,296) (2,481) -- Asset charges (note 3): MSP contracts ................................ (46) (27) -- LSFP contracts ............................... (3) (6) -- ------------ ------------ ------------ Net equity transactions .................... (30,501) 115,637 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (29,274) 111,201 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 111,201 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 81,927 111,201 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 11,957 -- -- ------------ ------------ ------------ Units purchased ................................ 6,654 12,230 -- Units redeemed ................................. (6,237) (273) -- ------------ ------------ ------------ Ending units ................................... 12,374 11,957 -- ============ ============ ============
DRYSRGRO -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (109,204) 118 (112,443) Realized gain (loss) on investments ............ (369,365) 721,982 1,789,441 Change in unrealized gain (loss) on investments ............................... (3,939,932) (3,257,761) 1,688,692 Reinvested capital gains ....................... -- -- 646,972 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (4,418,501) (2,535,661) 4,012,662 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,143,427 2,490,032 2,602,017 Transfers between funds ........................ (1,098,629) 2,460,935 2,581,796 Surrenders ..................................... (891,852) (724,497) (387,508) Death benefits (note 4) ........................ (23,643) (47,303) (31,507) Policy loans (net of repayments) (note 5) ...... (372,581) (577,113) (488,829) Deductions for surrender charges (note 2d) ..... (79,816) (66,301) (57,929) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (968,162) (1,048,030) (879,312) Asset charges (note 3): MSP contracts ................................ (6,768) (9,779) (7,129) LSFP contracts ............................... (5,485) (7,247) (5,332) ------------ ------------ ------------ Net equity transactions .................... (1,303,509) 2,470,697 3,326,267 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (5,722,010) (64,964) 7,338,929 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 19,334,340 19,399,304 12,060,375 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 13,612,330 19,334,340 19,399,304 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 629,857 556,165 446,957 ------------ ------------ ------------ Units purchased ................................ 83,928 149,111 173,727 Units redeemed ................................. (139,814) (75,419) (64,519) ------------ ------------ ------------ Ending units ................................... 573,971 629,857 556,165 ============ ============ ============
DRYSTKIX -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... 332,575 213,640 346,881 Realized gain (loss) on investments ............ 9,935 4,081,939 5,075,012 Change in unrealized gain (loss) on investments ............................... (13,687,873) (16,940,040) 11,113,462 Reinvested capital gains ....................... 467,526 1,618,261 920,361 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (12,877,837) (11,026,200) 17,455,716 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 10,603,012 12,374,808 13,344,420 Transfers between funds ........................ 1,384,992 (5,097,368) 11,928,413 Surrenders ..................................... (4,146,012) (3,029,913) (2,827,148) Death benefits (note 4) ........................ (431,669) (407,101) (157,295) Policy loans (net of repayments) (note 5) ...... (379,222) (1,621,944) (1,610,756) Deductions for surrender charges (note 2d) ..... (371,045) (277,277) (422,632) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (4,015,363) (4,198,947) (4,097,507) Asset charges (note 3): MSP contracts ................................ (40,868) (52,991) (54,699) LSFP contracts ............................... (56,827) (60,980) (48,577) ------------ ------------ ------------ Net equity transactions .................... 2,546,998 (2,371,713) 16,054,219 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (10,330,839) (13,397,913) 33,509,935 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 99,153,528 112,551,441 79,041,506 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 88,822,689 99,153,528 112,551,441 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 3,460,355 3,543,874 2,959,968 ------------ ------------ ------------ Units purchased ................................ 525,479 448,057 907,973 Units redeemed ................................. (433,865) (531,576) (324,067) ------------ ------------ ------------ Ending units ................................... 3,551,969 3,460,355 3,543,874 ============ ============ ============
22 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
DRYAP ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ 8,180 (10,494) (13,667) Realized gain (loss) on investments ............ (93,890) 206,665 415,445 Change in unrealized gain (loss) on investments ............................... (617,829) (365,322) 269,060 Reinvested capital gains ....................... -- 80,911 29,215 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (703,539) (88,240) 700,053 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 775,908 980,051 1,147,358 Transfers between funds ........................ 107,630 (1,176,921) 2,166,937 Surrenders ..................................... (233,967) 101,300 (296,009) Death benefits (note 4) ........................ (642) (8,995) (13,006) Policy loans (net of repayments) (note 5) ...... (93,305) (150,408) (134,352) Deductions for surrender charges (note 2d) ..... (20,939) 9,270 (44,251) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (325,049) (296,841) (299,558) Asset charges (note 3): MSP contracts ................................ (2,606) (2,821) (3,070) LSFP contracts ............................... (6,023) (5,196) (2,988) ----------- ----------- ----------- Net equity transactions .................... 201,007 (550,561) 2,521,061 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (502,532) (638,801) 3,221,114 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 7,251,397 7,890,198 4,669,084 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 6,748,865 7,251,397 7,890,198 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 503,469 540,642 353,868 ----------- ----------- ----------- Units purchased ................................ 85,636 100,075 246,230 Units redeemed ................................. (68,687) (137,248) (59,456) ----------- ----------- ----------- Ending units ................................... 520,418 503,469 540,642 =========== =========== ===========
DRYGRINC ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (4,914) (1,576) 558 Realized gain (loss) on investments ............ (7,978) 67,580 74,977 Change in unrealized gain (loss) on investments ............................... (258,534) (314,432) 230,049 Reinvested capital gains ....................... 45,863 113,207 87,323 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (225,563) (135,221) 392,907 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 293,388 350,148 430,878 Transfers between funds ........................ 103,859 289,849 18,919 Surrenders ..................................... (217,868) (36,572) (34,300) Death benefits (note 4) ........................ (317) -- (18,064) Policy loans (net of repayments) (note 5) ...... (34,479) (40,935) (18,736) Deductions for surrender charges (note 2d) ..... (19,498) (3,347) (5,128) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (138,857) (130,262) (129,582) Asset charges (note 3): MSP contracts ................................ (3,439) (3,923) (3,346) LSFP contracts ............................... (2,419) (2,236) (1,645) ----------- ----------- ----------- Net equity transactions .................... (19,630) 422,722 238,996 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (245,193) 287,501 631,903 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 3,133,370 2,845,869 2,213,966 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 2,888,177 3,133,370 2,845,869 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 220,323 191,266 172,937 ----------- ----------- ----------- Units purchased ................................ 34,265 44,176 59,773 Units redeemed ................................. (37,315) (15,119) (41,444) ----------- ----------- ----------- Ending units ................................... 217,273 220,323 191,266 =========== =========== ===========
FIDVIPEI ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 720,232 764,744 519,590 Realized gain (loss) on investments ............ 55,848 4,331,220 6,406,550 Change in unrealized gain (loss) on investments ............................... (9,359,446) (5,231,085) (5,267,170) Reinvested capital gains ....................... 3,782,228 5,255,479 2,726,961 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (4,801,138) 5,120,358 4,385,931 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 7,191,894 8,138,570 10,203,955 Transfers between funds ........................ 1,446,582 (10,789,250) (3,247,107) Surrenders ..................................... (3,544,539) (3,122,051) (2,431,139) Death benefits (note 4) ........................ (225,553) (189,944) (137,938) Policy loans (net of repayments) (note 5) ...... (805,494) (1,035,827) (1,117,875) Deductions for surrender charges (note 2d) ..... (317,216) (285,708) (363,433) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (3,630,378) (3,073,309) (3,725,075) Asset charges (note 3): MSP contracts ................................ (39,422) (38,789) (46,610) LSFP contracts ............................... (22,617) (19,695) (17,059) ----------- ----------- ----------- Net equity transactions .................... 53,257 (10,416,003) (882,281) ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (4,747,881) (5,295,645) 3,503,650 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 81,772,283 87,067,928 83,564,278 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 77,024,402 81,772,283 87,067,928 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 2,276,206 2,594,139 2,614,531 ----------- ----------- ----------- Units purchased ................................ 280,800 259,043 349,328 Units redeemed ................................. (271,444) (576,976) (369,720) ----------- ----------- ----------- Ending units ................................... 2,285,562 2,276,206 2,594,139 =========== =========== ===========
(Continued) 23 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
FIDVIPGR ----------------------------------------------- 2001 2000 1999 ------------- ------------- ------------- INVESTMENT ACTIVITY: Net investment income .......................... $ (929,341) (1,241,653) (929,897) Realized gain (loss) on investments ............ (4,273,764) 3,612,827 15,710,494 Change in unrealized gain (loss) on investments ............................... (33,423,042) (42,932,678) 17,198,414 Reinvested capital gains ....................... 10,107,480 19,550,081 13,551,946 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations .................. (28,518,667) (21,011,423) 45,530,957 ------------- ------------- ------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 13,007,093 15,063,048 15,418,413 Transfers between funds ........................ (8,018,175) 2,949,689 13,284,488 Surrenders ..................................... (5,631,639) (5,630,898) (3,962,266) Death benefits (note 4) ........................ (304,251) (464,693) (299,356) Policy loans (net of repayments) (note 5) ...... (1,189,965) (3,566,377) (3,173,351) Deductions for surrender charges (note 2d) ..... (504,000) (515,300) (592,322) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (6,302,082) (6,864,591) (6,220,078) Asset charges (note 3): MSP contracts ................................ (46,539) (69,249) (50,059) LSFP contracts ............................... (31,178) (34,365) (23,234) ------------- ------------- ------------- Net equity transactions .................... (9,020,736) 867,264 14,382,235 ------------- ------------- ------------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (37,539,403) (20,144,159) 59,913,192 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 156,911,792 177,055,951 117,142,759 ------------- ------------- ------------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 119,372,389 156,911,792 177,055,951 ============= ============= ============= CHANGES IN UNITS: Beginning units ................................ 3,462,746 3,435,387 3,041,033 ------------- ------------- ------------- Units purchased ................................ 354,493 378,450 730,961 Units redeemed ................................. (591,126) (351,091) (336,607) ------------- ------------- ------------- Ending units ................................... 3,226,113 3,462,746 3,435,387 ============= ============= =============
FIDVIPHI ----------------------------------------------- 2001 2000 1999 ------------- ------------- ------------- INVESTMENT ACTIVITY: Net investment income .......................... 2,247,137 1,524,797 2,372,262 Realized gain (loss) on investments ............ (4,705,027) (934,993) (2,878,622) Change in unrealized gain (loss) on investments ............................... (27,924) (6,237,391) 2,437,032 Reinvested capital gains ....................... -- -- 96,078 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations .................. (2,485,814) (5,647,587) 2,026,750 ------------- ------------- ------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,363,311 2,816,915 3,767,754 Transfers between funds ........................ 603,870 (2,585,935) (4,726,508) Surrenders ..................................... (908,331) (1,009,915) (711,931) Death benefits (note 4) ........................ (56,917) (215,967) (83,542) Policy loans (net of repayments) (note 5) ...... (38,801) (36,510) (257,597) Deductions for surrender charges (note 2d) ..... (81,290) (92,420) (106,427) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (953,764) (982,080) (1,219,918) Asset charges (note 3): MSP contracts ................................ (14,190) (22,334) (29,175) LSFP contracts ............................... (8,038) (7,947) (7,937) ------------- ------------- ------------- Net equity transactions .................... 905,850 (2,136,193) (3,375,281) ------------- ------------- ------------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (1,579,964) (7,783,780) (1,348,531) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 18,222,153 26,005,933 27,354,464 ------------- ------------- ------------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 16,642,189 18,222,153 26,005,933 ============= ============= ============= CHANGES IN UNITS: Beginning units ................................ 972,429 1,081,513 1,213,502 ------------- ------------- ------------- Units purchased ................................ 170,800 140,914 174,332 Units redeemed ................................. (125,490) (249,998) (306,321) ------------- ------------- ------------- Ending units ................................... 1,017,739 972,429 1,081,513 ============= ============= =============
FIDVIPOV ----------------------------------------------- 2001 2000 1999 ------------- ------------- ------------- INVESTMENT ACTIVITY: Net investment income .......................... 938,954 194,518 132,290 Realized gain (loss) on investments ............ (2,848,287) 1,273,207 2,116,216 Change in unrealized gain (loss) on investments ............................... (4,902,933) (10,130,820) 6,394,423 Reinvested capital gains ....................... 1,740,234 2,677,139 535,780 ------------- ------------- ------------- Net increase (decrease) in contract owners' equity resulting from operations .................. (5,072,032) (5,985,956) 9,178,709 ------------- ------------- ------------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,097,571 2,338,549 2,603,811 Transfers between funds ........................ (1,327,939) (191,092) (1,140,865) Surrenders ..................................... (1,006,514) (1,476,671) (511,027) Death benefits (note 4) ........................ (101,240) (31,249) (42,803) Policy loans (net of repayments) (note 5) ...... (85,860) (709,130) (436,230) Deductions for surrender charges (note 2d) ..... (90,077) (135,135) (76,394) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (832,760) (931,867) (936,056) Asset charges (note 3): MSP contracts ................................ (5,818) (9,547) (9,310) LSFP contracts ............................... (6,533) (8,001) (4,398) ------------- ------------- ------------- Net equity transactions .................... (1,359,170) (1,154,143) (553,272) ------------- ------------- ------------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (6,431,202) (7,140,099) 8,625,437 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 23,708,747 30,848,846 22,223,409 ------------- ------------- ------------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 17,277,545 23,708,747 30,848,846 ============= ============= ============= CHANGES IN UNITS: Beginning units ................................ 1,146,574 1,202,196 1,218,999 ------------- ------------- ------------- Units purchased ................................ 129,935 139,166 165,048 Units redeemed ................................. (208,734) (194,788) (181,851) ------------- ------------- ------------- Ending units ................................... 1,067,775 1,146,574 1,202,196 ============= ============= =============
24 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
FIDVIPAM -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ 946,367 764,144 769,711 Realized gain (loss) on investments ............ (197,074) 743,891 1,015,529 Change in unrealized gain (loss) on investments ............................... (2,656,974) (5,439,784) 26,818 Reinvested capital gains ....................... 442,307 2,429,670 1,317,530 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (1,465,374) (1,502,079) 3,129,588 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,952,879 2,378,371 2,909,351 Transfers between funds ........................ (924,825) (1,984,742) (2,311,042) Surrenders ..................................... (1,051,266) (944,977) (832,733) Death benefits (note 4) ........................ (24,025) (13,747) (42,640) Policy loans (net of repayments) (note 5) ...... (139,132) (368,885) (659,859) Deductions for surrender charges (note 2d) ..... (94,082) (86,478) (124,486) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,110,503) (1,085,359) (1,199,744) Asset charges (note 3): MSP contracts ................................ (10,168) (11,244) (11,668) LSFP contracts ............................... (3,155) (3,046) (2,332) ------------ ------------ ------------ Net equity transactions .................... (1,404,277) (2,120,107) (2,275,153) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (2,869,651) (3,622,186) 854,435 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 29,485,536 33,107,722 32,253,287 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 26,615,885 29,485,536 33,107,722 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,150,637 1,229,226 1,312,905 ------------ ------------ ------------ Units purchased ................................ 95,668 102,304 133,092 Units redeemed ................................. (151,886) (180,893) (216,771) ------------ ------------ ------------ Ending units ................................... 1,094,419 1,150,637 1,229,226 ============ ============ ============
FIDVIPCON -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... 43,587 (277,542) (198,905) Realized gain (loss) on investments ............ (197,444) 1,601,999 8,607,593 Change in unrealized gain (loss) on investments ............................... (9,738,153) (15,273,672) 2,632,252 Reinvested capital gains ....................... 1,612,865 8,862,945 1,916,516 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (8,279,145) (5,086,270) 12,957,456 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 5,795,249 7,336,354 8,483,644 Transfers between funds ........................ (3,613,770) (2,948,975) 5,291,011 Surrenders ..................................... (2,048,334) (2,212,824) (1,395,137) Death benefits (note 4) ........................ (148,293) (73,090) (199,019) Policy loans (net of repayments) (note 5) ...... (442,265) (1,259,765) (834,500) Deductions for surrender charges (note 2d) ..... (183,314) (202,502) (208,560) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (2,534,714) (2,638,799) (2,643,787) Asset charges (note 3): MSP contracts ................................ (28,667) (38,581) (36,244) LSFP contracts ............................... (22,235) (23,285) (18,084) ------------ ------------ ------------ Net equity transactions .................... (3,226,343) (2,061,467) 8,439,324 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (11,505,488) (7,147,737) 21,396,780 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 64,099,278 71,247,015 49,850,235 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 52,593,790 64,099,278 71,247,015 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 2,697,733 2,777,590 2,397,557 ------------ ------------ ------------ Units purchased ................................ 300,960 337,798 636,459 Units redeemed ................................. (458,872) (417,655) (256,426) ------------ ------------ ------------ Ending units ................................... 2,539,821 2,697,733 2,777,590 ============ ============ ============
FIDVIPGROP -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (13,820) 36,283 11,876 Realized gain (loss) on investments ............ (634,796) (263,449) 453,860 Change in unrealized gain (loss) on investments ............................... (126,832) (1,250,959) (343,328) Reinvested capital gains ....................... -- 391,834 110,237 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (775,448) (1,086,291) 232,645 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 793,729 917,497 1,132,717 Transfers between funds ........................ (496,644) (800,042) 12,561 Surrenders ..................................... (258,771) (161,720) (135,968) Death benefits (note 4) ........................ (237) (20,814) (53,293) Policy loans (net of repayments) (note 5) ...... (39,475) (58,980) (44,200) Deductions for surrender charges (note 2d) ..... (23,158) (14,800) (20,326) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (236,312) (280,822) (320,411) Asset charges (note 3): MSP contracts ................................ (2,717) (3,949) (5,191) LSFP contracts ............................... (2,557) (3,318) (2,905) ------------ ------------ ------------ Net equity transactions .................... (266,142) (426,948) 562,984 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (1,041,590) (1,513,239) 795,629 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 5,170,670 6,683,909 5,888,280 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 4,129,080 5,170,670 6,683,909 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 446,913 475,926 434,495 ------------ ------------ ------------ Units purchased ................................ 82,751 80,319 135,244 Units redeemed ................................. (109,553) (109,332) (93,813) ------------ ------------ ------------ Ending units ................................... 420,111 446,913 475,926 ============ ============ ============
(Continued) 25 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
JANCAPAP ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ 4,262 9,106 -- Realized gain (loss) on investments ............ (1,133,638) (67,632) -- Change in unrealized gain (loss) on investments ............................... 244,422 (509,550) -- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (884,954) (568,076) -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 395,668 163,374 -- Transfers between funds ........................ 497,060 3,483,176 -- Surrenders ..................................... (98,492) (18,995) -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (63,185) (36,245) -- Deductions for surrender charges (note 2d) ..... (8,814) (1,738) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (158,392) (66,641) -- Asset charges (note 3): MSP contracts ................................ (2,325) (1,552) -- LSFP contracts ............................... (1,195) (436) -- ----------- ----------- ----------- Net equity transactions .................... 560,325 3,520,943 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (324,629) 2,952,867 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 2,952,867 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 2,628,238 2,952,867 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 373,970 -- -- ----------- ----------- ----------- Units purchased ................................ 118,903 387,744 -- Units redeemed ................................. (64,088) (13,774) -- ----------- ----------- ----------- Ending units ................................... 428,785 373,970 -- =========== =========== ===========
JANGLTECH ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (3,153) 4,424 -- Realized gain (loss) on investments ............ (2,122,695) 13,176 -- Change in unrealized gain (loss) on investments ............................... 1,125,331 (1,148,444) -- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (1,000,517) (1,130,844) -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 364,127 200,047 -- Transfers between funds ........................ 478,283 3,477,054 -- Surrenders ..................................... (146,539) (16,070) -- Death benefits (note 4) ........................ (98,999) -- -- Policy loans (net of repayments) (note 5) ...... (41,135) (15,097) -- Deductions for surrender charges (note 2d) ..... (13,114) (1,471) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (106,881) (59,588) -- Asset charges (note 3): MSP contracts ................................ (1,712) (1,521) -- LSFP contracts ............................... (802) (407) -- ----------- ----------- ----------- Net equity transactions .................... 433,228 3,582,947 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (567,289) 2,452,103 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 2,452,103 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 1,884,814 2,452,103 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 363,557 -- -- ----------- ----------- ----------- Units purchased ................................ 180,547 375,042 -- Units redeemed ................................. (94,989) (11,485) -- ----------- ----------- ----------- Ending units ................................... 449,115 363,557 -- =========== =========== ===========
JANINTGRO ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (2,522) 59,459 -- Realized gain (loss) on investments ............ (1,006,099) (181,333) -- Change in unrealized gain (loss) on investments ............................... 441,311 (349,293) -- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (567,310) (471,167) -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 286,461 121,443 -- Transfers between funds ........................ 263,144 2,598,237 -- Surrenders ..................................... (60,603) (16,540) -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (50,849) (11,714) -- Deductions for surrender charges (note 2d) ..... (5,424) (1,514) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (95,431) (34,493) -- Asset charges (note 3): MSP contracts ................................ (1,219) (1,038) -- LSFP contracts ............................... (668) (146) -- ----------- ----------- ----------- Net equity transactions .................... 335,411 2,654,235 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (231,899) 2,183,068 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 2,183,068 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 1,951,169 2,183,068 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 276,083 -- -- ----------- ----------- ----------- Units purchased ................................ 104,433 284,504 -- Units redeemed ................................. (55,767) (8,421) -- ----------- ----------- ----------- Ending units ................................... 324,749 276,083 -- =========== =========== ===========
26 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATCAPAP -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ (149,321) (197,752) (45,147) Realized gain (loss) on investments ............ (4,280,310) (44,470) 1,545,323 Change in unrealized gain (loss) on investments ............................... (3,202,773) (16,033,473) (2,937,651) Reinvested capital gains ....................... -- 6,018,129 2,820,485 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (7,632,404) (10,257,566) 1,383,010 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 4,054,677 5,307,598 6,414,922 Transfers between funds ........................ (1,301,931) (7,322,445) (902,464) Surrenders ..................................... (1,215,938) (1,101,685) (1,464,698) Death benefits (note 4) ........................ (94,201) (67,374) (26,646) Policy loans (net of repayments) (note 5) ...... (469,940) (651,768) (839,186) Deductions for surrender charges (note 2d) ..... (108,820) (100,818) (218,959) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,486,232) (1,990,000) (2,416,248) Asset charges (note 3): MSP contracts ................................ (8,664) (20,853) (26,238) LSFP contracts ............................... (9,001) (15,363) (15,764) ------------ ------------ ------------ Net equity transactions .................... (640,050) (5,962,708) 504,719 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (8,272,454) (16,220,274) 1,887,729 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 26,950,799 43,171,073 41,283,344 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 18,678,345 26,950,799 43,171,073 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,201,390 1,403,197 1,381,944 ------------ ------------ ------------ Units purchased ................................ 245,018 187,771 272,423 Units redeemed ................................. (289,101) (389,578) (251,170) ------------ ------------ ------------ Ending units ................................... 1,157,307 1,201,390 1,403,197 ============ ============ ============
NSATMIDCAPIX -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (4,071) 819 -- Realized gain (loss) on investments ............ (255,703) 17,525 -- Change in unrealized gain (loss) on investments ............................... 115,892 (68,941) -- Reinvested capital gains ....................... 25,776 59,565 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (118,106) 8,968 -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 190,528 32,770 -- Transfers between funds ........................ 1,669,130 1,786,882 -- Surrenders ..................................... (44,557) (2,384) -- Death benefits (note 4) ........................ (7,174) -- -- Policy loans (net of repayments) (note 5) ...... (24,551) (7,462) -- Deductions for surrender charges (note 2d) ..... (3,988) (218) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (116,906) (19,481) -- Asset charges (note 3): MSP contracts ................................ (1,953) (199) -- LSFP contracts ............................... (578) (87) -- ------------ ------------ ------------ Net equity transactions .................... 1,659,951 1,789,821 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 1,541,845 1,798,789 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 1,798,789 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 3,340,634 1,798,789 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 171,893 -- -- ------------ ------------ ------------ Units purchased ................................ 173,353 174,796 -- Units redeemed ................................. (19,255) (2,903) -- ------------ ------------ ------------ Ending units ................................... 325,991 171,893 -- ============ ============ ============
NSATEMMKT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... 75 (21) -- Realized gain (loss) on investments ............ (24,506) (1,147) -- Change in unrealized gain (loss) on investments ............................... 33,345 (711) -- Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 8,914 (1,879) -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 5,169 541 -- Transfers between funds ........................ 413,987 10,816 -- Surrenders ..................................... (2,213) -- -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... 198 -- -- Deductions for surrender charges (note 2d) ..... (198) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (7,221) (235) -- Asset charges (note 3): MSP contracts ................................ (295) -- -- LSFP contracts ............................... (7) -- -- ------------ ------------ ------------ Net equity transactions .................... 409,420 11,122 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 418,334 9,243 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 9,243 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 427,577 9,243 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,063 -- -- ------------ ------------ ------------ Units purchased ................................ 52,164 1,081 -- Units redeemed ................................. (1,215) (18) -- ------------ ------------ ------------ Ending units ................................... 52,012 1,063 -- ============ ============ ============
(Continued) 27 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATGLOBTC ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ (2,955) (918) -- Realized gain (loss) on investments ............ (424,935) (5,935) -- Change in unrealized gain (loss) on investments ............................... 215,502 (233,078) -- Reinvested capital gains ....................... -- 8,554 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (212,388) (231,377) -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 75,992 13,606 -- Transfers between funds ........................ 172,244 634,363 -- Surrenders ..................................... (3,862) -- -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (58,752) (641) -- Deductions for surrender charges (note 2d) ..... (346) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (29,002) (9,740) -- Asset charges (note 3): MSP contracts ................................ (90) (34) -- LSFP contracts ............................... -- -- -- ----------- ----------- ----------- Net equity transactions .................... 156,184 637,554 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (56,204) 406,177 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 406,177 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 349,973 406,177 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 67,646 -- -- ----------- ----------- ----------- Units purchased ................................ 65,702 68,793 -- Units redeemed ................................. (30,732) (1,147) -- ----------- ----------- ----------- Ending units ................................... 102,616 67,646 -- =========== =========== ===========
NSATINTGR ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (165) (14) -- Realized gain (loss) on investments ............ (3,090) (233) -- Change in unrealized gain (loss) on investments ............................... 1,005 (168) -- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (2,250) (415) -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,587 2 -- Transfers between funds ........................ 52,127 4,696 -- Surrenders ..................................... (14) -- -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (105) (1) -- Deductions for surrender charges (note 2d) ..... (1) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,273) (100) -- Asset charges (note 3): MSP contracts ................................ -- -- -- LSFP contracts ............................... -- -- -- ----------- ----------- ----------- Net equity transactions .................... 53,321 4,597 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 51,071 4,182 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 4,182 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 55,253 4,182 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 453 -- -- ----------- ----------- ----------- Units purchased ................................ 8,228 464 -- Units redeemed ................................. (225) (11) -- ----------- ----------- ----------- Ending units ................................... 8,456 453 -- =========== =========== ===========
NSATGVTBD ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 682,702 593,146 665,371 Realized gain (loss) on investments ............ 690,349 (132,300) (851,332) Change in unrealized gain (loss) on investments ............................... (567,238) 822,785 (301,600) Reinvested capital gains ....................... 25,190 -- 25,753 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 831,003 1,283,631 (461,808) ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,047,084 943,979 755,607 Transfers between funds ........................ 6,329,761 (1,337,392) 381,498 Surrenders ..................................... (497,629) (403,544) (310,304) Death benefits (note 4) ........................ (69,873) (5,619) (3,017) Policy loans (net of repayments) (note 5) ...... (1,259,271) (161,143) (495,291) Deductions for surrender charges (note 2d) ..... (44,535) (36,929) (46,387) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (627,606) (631,603) (500,735) Asset charges (note 3): MSP contracts ................................ (13,288) (9,707) (13,045) LSFP contracts ............................... (8,008) (4,392) (2,382) ----------- ----------- ----------- Net equity transactions .................... 4,856,635 (1,646,350) (234,056) ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 5,687,638 (362,719) (695,864) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 12,999,190 13,361,909 14,057,773 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 18,686,828 12,999,190 13,361,909 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 696,947 791,927 790,689 ----------- ----------- ----------- Units purchased ................................ 377,562 74,451 135,050 Units redeemed ................................. (134,347) (169,431) (133,812) ----------- ----------- ----------- Ending units ................................... 940,162 696,947 791,927 =========== =========== ===========
28 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATMSECBD ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ 26,704 3,488 -- Realized gain (loss) on investments ............ (16,549) (786) -- Change in unrealized gain (loss) on investments ............................... (1,097) 457 -- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 9,058 3,159 -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 22,300 2,289 -- Transfers between funds ........................ 526,721 82,990 -- Surrenders ..................................... (4,013) -- -- Death benefits (note 4) ........................ (954) -- -- Policy loans (net of repayments) (note 5) ...... (829) (190) -- Deductions for surrender charges (note 2d) ..... (359) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (13,528) (1,041) -- Asset charges (note 3): MSP contracts ................................ (733) (115) -- LSFP contracts ............................... (60) (4) -- ----------- ----------- ----------- Net equity transactions .................... 528,545 83,929 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 537,603 87,088 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 87,088 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 624,691 87,088 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 8,333 -- -- ----------- ----------- ----------- Units purchased ................................ 54,885 8,485 -- Units redeemed ................................. (5,339) (152) -- ----------- ----------- ----------- Ending units ................................... 57,879 8,333 -- =========== =========== ===========
NSATMYMKT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 1,471,308 2,643,745 2,192,750 Realized gain (loss) on investments ............ -- -- -- Change in unrealized gain (loss) on investments ............................... -- -- -- Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 1,471,308 2,643,745 2,192,750 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 7,038,540 9,251,495 33,970,462 Transfers between funds ........................ (1,799,877) (7,781,365) (20,060,327) Surrenders ..................................... (6,733,123) (3,720,656) (2,949,962) Death benefits (note 4) ........................ (323,940) (45,052) (1,748,315) Policy loans (net of repayments) (note 5) ...... 312,202 335,834 257,119 Deductions for surrender charges (note 2d) ..... (602,577) (340,488) (440,992) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (2,220,627) (1,615,471) (2,710,844) Asset charges (note 3): MSP contracts ................................ (44,176) (45,443) (55,122) LSFP contracts ............................... (38,727) (27,847) (32,642) ----------- ----------- ----------- Net equity transactions .................... (4,412,305) (3,988,993) 6,229,377 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (2,940,997) (1,345,248) 8,422,127 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 54,591,864 55,937,112 47,514,985 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 51,650,867 54,591,864 55,937,112 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 3,829,526 4,122,003 3,682,600 ----------- ----------- ----------- Units purchased ................................ 732,398 935,006 3,648,845 Units redeemed ................................. (1,021,909) (1,227,483) (3,209,442) ----------- ----------- ----------- Ending units ................................... 3,540,015 3,829,526 4,122,003 =========== =========== ===========
NSATSMCAPG ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (8,611) (2,514) -- Realized gain (loss) on investments ............ (223,133) (74,213) -- Change in unrealized gain (loss) on investments ............................... 178,447 (167,853) -- Reinvested capital gains ....................... -- 2,683 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (53,297) (241,897) -- ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 104,712 34,629 -- Transfers between funds ........................ 646,697 992,140 -- Surrenders ..................................... (30,141) (8,200) -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (30,450) (923) -- Deductions for surrender charges (note 2d) ..... (2,697) (750) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (61,379) (14,507) -- Asset charges (note 3): MSP contracts ................................ (635) (255) -- LSFP contracts ............................... (264) (8) -- ----------- ----------- ----------- Net equity transactions .................... 625,843 1,002,126 -- ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 572,546 760,229 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 760,229 -- -- ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 1,332,775 760,229 -- =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 94,113 -- -- ----------- ----------- ----------- Units purchased ................................ 113,449 96,894 -- Units redeemed ................................. (21,282) (2,781) -- ----------- ----------- ----------- Ending units ................................... 186,280 94,113 -- =========== =========== ===========
(Continued) 29 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATSMCAPV -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ (93,474) (51,635) (12,857) Realized gain (loss) on investments ............ 110,418 163,206 435,390 Change in unrealized gain (loss) on investments ............................... 1,228,548 (1,082,758) (178,227) Reinvested capital gains ....................... 1,026,030 1,418,043 463,979 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 2,271,522 446,856 708,285 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 856,736 441,523 205,584 Transfers between funds ........................ 6,194,722 4,096,956 1,364,159 Surrenders ..................................... (349,290) (460,458) (9,301) Death benefits (note 4) ........................ (3,924) (1,053) -- Policy loans (net of repayments) (note 5) ...... (53,992) (43,917) (17,764) Deductions for surrender charges (note 2d) ..... (31,259) (42,138) (1,390) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (387,192) (151,631) (60,914) Asset charges (note 3): MSP contracts ................................ (5,500) (2,859) (3,844) LSFP contracts ............................... (8,972) (7,330) (2,270) ------------ ------------ ------------ Net equity transactions .................... 6,211,329 3,829,093 1,474,260 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 8,482,851 4,275,949 2,182,545 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 7,299,116 3,023,167 840,622 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 15,781,967 7,299,116 3,023,167 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 610,738 277,593 98,226 ------------ ------------ ------------ Units purchased ................................ 520,517 411,148 195,544 Units redeemed ................................. (96,353) (78,003) (16,177) ------------ ------------ ------------ Ending units ................................... 1,034,902 610,738 277,593 ============ ============ ============
NSATSMCO -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (165,788) (212,417) (133,984) Realized gain (loss) on investments ............ (4,402,099) 9,053,628 322,338 Change in unrealized gain (loss) on investments ............................... 2,206,825 (12,312,627) 6,521,648 Reinvested capital gains ....................... -- 5,338,437 1,017,362 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (2,361,062) 1,867,021 7,727,364 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,441,354 2,677,792 3,047,229 Transfers between funds ........................ (3,075,492) 2,990,395 108,189 Surrenders ..................................... (849,541) (609,371) (506,958) Death benefits (note 4) ........................ (69,847) (168,776) (58,447) Policy loans (net of repayments) (note 5) ...... (474,171) (467,147) (304,105) Deductions for surrender charges (note 2d) ..... (76,029) (55,765) (75,786) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,301,720) (1,160,409) (1,042,927) Asset charges (note 3): MSP contracts ................................ (17,316) (21,930) (14,377) LSFP contracts ............................... (13,625) (16,087) (6,706) ------------ ------------ ------------ Net equity transactions .................... (3,436,387) 3,168,702 1,146,112 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (5,797,449) 5,035,723 8,873,476 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 31,404,476 26,368,753 17,495,277 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 25,607,027 31,404,476 26,368,753 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,306,261 1,185,688 1,118,367 ------------ ------------ ------------ Units purchased ................................ 116,845 234,167 222,497 Units redeemed ................................. (281,130) (113,594) (155,176) ------------ ------------ ------------ Ending units ................................... 1,141,976 1,306,261 1,185,688 ============ ============ ============
NSATSTMCAP -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (6,440) (2,791) -- Realized gain (loss) on investments ............ (447,934) (87,965) -- Change in unrealized gain (loss) on investments ............................... 118,872 (109,003) -- Reinvested capital gains ....................... -- 14,918 -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (335,502) (184,841) -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 128,618 52,824 -- Transfers between funds ........................ 407,630 989,506 -- Surrenders ..................................... (17,647) (1,135) -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (28,387) (20,424) -- Deductions for surrender charges (note 2d) ..... (1,579) (104) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (47,737) (14,396) -- Asset charges (note 3): MSP contracts ................................ (769) (656) -- LSFP contracts ............................... (240) (36) -- ------------ ------------ ------------ Net equity transactions .................... 439,889 1,005,579 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 104,387 820,738 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 820,738 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 925,125 820,738 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 101,174 -- -- ------------ ------------ ------------ Units purchased ................................ 87,445 105,044 -- Units redeemed ................................. (23,747) (3,870) -- ------------ ------------ ------------ Ending units ................................... 164,872 101,174 -- ============ ============ ============
30 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NSATTOTRE -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ 10,101 (124,674) (110,908) Realized gain (loss) on investments ............ (1,755,795) 4,343,276 2,886,861 Change in unrealized gain (loss) on investments ............................... (11,829,407) (40,766,537) (615,625) Reinvested capital gains ....................... 2,194,987 33,726,301 3,857,973 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (11,380,114) (2,821,634) 6,018,301 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 10,570,297 12,173,163 14,477,695 Transfers between funds ........................ (1,415,297) (9,625,991) (3,544,992) Surrenders ..................................... (4,543,745) (3,857,717) (2,714,451) Death benefits (note 4) ........................ (691,160) (355,642) (233,861) Policy loans (net of repayments) (note 5) ...... (338,342) (2,458,440) (2,351,544) Deductions for surrender charges (note 2d) ..... (406,639) (353,031) (405,785) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (5,593,239) (5,594,595) (6,266,041) Asset charges (note 3): MSP contracts ................................ (34,275) (42,471) (46,751) LSFP contracts ............................... (19,473) (21,288) (17,691) ------------ ------------ ------------ Net equity transactions .................... (2,471,873) (10,136,012) (1,103,421) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (13,851,987) (12,957,646) 4,914,880 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 91,072,596 104,030,242 99,115,362 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 77,220,609 91,072,596 104,030,242 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 2,847,611 3,151,278 3,169,018 ------------ ------------ ------------ Units purchased ................................ 387,748 376,602 505,511 Units redeemed ................................. (476,855) (680,269) (523,251) ------------ ------------ ------------ Ending units ................................... 2,758,504 2,847,611 3,151,278 ============ ============ ============
NSATGRFOC -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (1,295) (100) -- Realized gain (loss) on investments ............ (142,465) (2,764) -- Change in unrealized gain (loss) on investments ............................... 26,613 (24,195) -- Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (117,147) (27,059) -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 17,433 2,062 -- Transfers between funds ........................ 263,212 75,866 -- Surrenders ..................................... (397) -- -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (5) (160) -- Deductions for surrender charges (note 2d) ..... (35) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (8,497) (1,281) -- Asset charges (note 3): MSP contracts ................................ (166) -- -- LSFP contracts ............................... -- -- -- ------------ ------------ ------------ Net equity transactions .................... 271,545 76,487 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 154,398 49,428 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 49,428 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 203,826 49,428 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 7,806 -- -- ------------ ------------ ------------ Units purchased ................................ 47,788 7,989 -- Units redeemed ................................. (2,354) (183) -- ------------ ------------ ------------ Ending units ................................... 53,240 7,806 -- ============ ============ ============
NBAMTBAL ------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (43) -- -- Realized gain (loss) on investments ............ (16) -- -- Change in unrealized gain (loss) on investments ............................... 125 -- -- Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 66 -- -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 469 -- -- Transfers between funds ........................ 14,107 -- -- Surrenders ..................................... -- -- -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... -- -- -- Deductions for surrender charges (note 2d) ..... -- -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (374) -- -- Asset charges (note 3): MSP contracts ................................ -- -- -- LSFP contracts ............................... -- -- -- ------------ ------------ ------------ Net equity transactions .................... 14,202 -- -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 14,268 -- -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... -- -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 14,268 -- -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ -- -- -- ------------ ------------ ------------ Units purchased ................................ 654 -- -- Units redeemed ................................. (18) -- -- ------------ ------------ ------------ Ending units ................................... 636 -- -- ============ ============ ============
(Continued) 31 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NBAMTGRO -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ (193,586) (326,947) (183,268) Realized gain (loss) on investments ............ (28,997,129) 9,694,143 2,237,185 Change in unrealized gain (loss) on investments ............................... 6,433,848 (18,572,555) 7,073,105 Reinvested capital gains ....................... 12,536,350 3,211,533 1,124,154 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (10,220,517) (5,993,826) 10,251,176 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,731,498 3,061,931 2,741,841 Transfers between funds ........................ 444,727 9,518,532 (2,585,171) Surrenders ..................................... (974,018) (1,565,105) (733,093) Death benefits (note 4) ........................ (42,216) (35,426) (1,410,172) Policy loans (net of repayments) (note 5) ...... (212,223) (903,203) (530,684) Deductions for surrender charges (note 2d) ..... (87,169) (143,228) (109,591) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,244,333) (1,638,100) (1,049,294) Asset charges (note 3): MSP contracts ................................ (12,841) (20,766) (9,624) LSFP contracts ............................... (9,710) (11,928) (4,427) ------------ ------------ ------------ Net equity transactions .................... 593,715 8,262,707 (3,690,215) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (9,626,802) 2,268,881 6,560,961 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 33,341,564 31,072,683 24,511,722 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 23,714,762 33,341,564 31,072,683 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,073,053 862,532 1,004,418 ------------ ------------ ------------ Units purchased ................................ 180,511 320,777 172,219 Units redeemed ................................. (138,923) (110,256) (314,105) ------------ ------------ ------------ Ending units ................................... 1,114,641 1,073,053 862,532 ============ ============ ============
NBAMTGUARD -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (6,035) (2,263) (8,218) Realized gain (loss) on investments ............ 6,732 81,869 87,231 Change in unrealized gain (loss) on investments ............................... (216,517) (98,383) 43,771 Reinvested capital gains ....................... 152,227 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (63,593) (18,777) 122,784 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 222,976 236,546 241,772 Transfers between funds ........................ 726,698 (205,049) 1,149,560 Surrenders ..................................... (143,079) (207,025) (18,129) Death benefits (note 4) ........................ -- (13,947) (281) Policy loans (net of repayments) (note 5) ...... (25,903) (1,956) (19,356) Deductions for surrender charges (note 2d) ..... (12,805) (18,946) (2,710) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (90,460) (64,600) (59,481) Asset charges (note 3): MSP contracts ................................ (1,858) (1,487) (1,168) LSFP contracts ............................... (1,559) (1,145) (701) ------------ ------------ ------------ Net equity transactions .................... 674,010 (277,609) 1,289,506 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 610,417 (296,386) 1,412,290 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 1,974,105 2,270,491 858,201 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 2,584,522 1,974,105 2,270,491 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 184,667 213,441 92,073 ------------ ------------ ------------ Units purchased ................................ 88,493 29,781 134,132 Units redeemed ................................. (26,023) (58,555) (12,764) ------------ ------------ ------------ Ending units ................................... 247,137 184,667 213,441 ============ ============ ============
NBAMTLMAT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... 220,379 274,820 241,375 Realized gain (loss) on investments ............ 89,230 (266,075) (74,295) Change in unrealized gain (loss) on investments ............................... 11,853 223,548 (128,665) Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 321,462 232,293 38,415 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 299,644 124,829 418,414 Transfers between funds ........................ 1,321,934 (907,154) (166,249) Surrenders ..................................... (773,410) (310,740) (82,093) Death benefits (note 4) ........................ (14,103) -- (50,646) Policy loans (net of repayments) (note 5) ...... 159,958 (7,769) (66,552) Deductions for surrender charges (note 2d) ..... (69,216) (28,437) (12,272) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (172,678) (139,082) (161,822) Asset charges (note 3): MSP contracts ................................ (5,349) (5,836) (7,656) LSFP contracts ............................... (1,030) (720) (487) ------------ ------------ ------------ Net equity transactions .................... 745,750 (1,274,909) (129,363) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 1,067,212 (1,042,616) (90,948) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 3,885,764 4,928,380 5,019,328 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 4,952,976 3,885,764 4,928,380 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 252,610 342,163 349,795 ------------ ------------ ------------ Units purchased ................................ 105,369 23,235 62,199 Units redeemed ................................. (59,489) (112,788) (69,831) ------------ ------------ ------------ Ending units ................................... 298,490 252,610 342,163 ============ ============ ============
32 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
NBAMTPART -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ (75,310) 23,707 160,794 Realized gain (loss) on investments ............ (803,266) (2,426,344) (548,879) Change in unrealized gain (loss) on investments ............................... (872,728) (2,383,122) 1,854,882 Reinvested capital gains ....................... 860,887 4,631,886 687,554 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (890,417) (153,873) 2,154,351 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 2,895,052 3,997,213 5,441,082 Transfers between funds ........................ (551,168) (6,757,477) (8,211,478) Surrenders ..................................... (900,324) (1,477,559) (949,302) Death benefits (note 4) ........................ (80,967) (143,800) (94,956) Policy loans (net of repayments) (note 5) ...... (121,221) (176,640) (473,894) Deductions for surrender charges (note 2d) ..... (80,574) (135,216) (141,912) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,226,475) (1,294,898) (1,823,914) Asset charges (note 3): MSP contracts ................................ (16,055) (19,393) (23,724) LSFP contracts ............................... (13,840) (12,402) (10,391) ------------ ------------ ------------ Net equity transactions .................... (95,572) (6,020,172) (6,288,489) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (985,989) (6,174,045) (4,134,138) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 24,634,148 30,808,193 34,942,331 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 23,648,159 24,634,148 30,808,193 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,056,621 1,307,010 1,570,249 ------------ ------------ ------------ Units purchased ................................ 143,261 184,798 257,385 Units redeemed ................................. (149,545) (435,187) (520,624) ------------ ------------ ------------ Ending units ................................... 1,050,337 1,056,621 1,307,010 ============ ============ ============
OPPAGGGRO -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... 4,198 (9,718) -- Realized gain (loss) on investments ............ (1,542,830) (489,326) -- Change in unrealized gain (loss) on investments ............................... 307,499 (435,498) -- Reinvested capital gains ....................... 315,653 -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (915,480) (934,542) -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 414,251 238,305 -- Transfers between funds ........................ (327,543) 3,670,423 -- Surrenders ..................................... (70,469) (19,423) -- Death benefits (note 4) ........................ -- -- -- Policy loans (net of repayments) (note 5) ...... (30,433) (15,499) -- Deductions for surrender charges (note 2d) ..... (6,307) (1,778) -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (140,549) (63,844) -- Asset charges (note 3): MSP contracts ................................ (1,861) (1,077) -- LSFP contracts ............................... (353) (72) -- ------------ ------------ ------------ Net equity transactions .................... (163,264) 3,807,035 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (1,078,744) 2,872,493 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 2,872,493 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 1,793,749 2,872,493 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 369,008 -- -- ------------ ------------ ------------ Units purchased ................................ 71,698 379,813 -- Units redeemed ................................. (102,937) (10,805) -- ------------ ------------ ------------ Ending units ................................... 337,769 369,008 -- ============ ============ ============
OPPBDFD -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... 771,452 804,164 472,261 Realized gain (loss) on investments ............ (494,081) (238,067) (6,702) Change in unrealized gain (loss) on investments ............................... 471,071 16,219 (794,086) Reinvested capital gains ....................... -- -- 54,146 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 748,442 582,316 (274,381) ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,078,932 1,288,550 1,530,602 Transfers between funds ........................ 1,213,664 (1,146,061) (747,631) Surrenders ..................................... (744,342) (429,249) (352,928) Death benefits (note 4) ........................ (21,063) (4,850) (9,225) Policy loans (net of repayments) (note 5) ...... (35,391) (75,839) (214,389) Deductions for surrender charges (note 2d) ..... (66,614) (39,282) (52,759) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (528,090) (431,185) (496,721) Asset charges (note 3): MSP contracts ................................ (10,865) (9,970) (9,861) LSFP contracts ............................... (3,915) (2,013) (1,060) ------------ ------------ ------------ Net equity transactions .................... 882,316 (849,899) (353,972) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 1,630,758 (267,583) (628,353) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 11,466,171 11,733,754 12,362,107 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 13,096,929 11,466,171 11,733,754 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 647,048 692,055 707,690 ------------ ------------ ------------ Units purchased ................................ 120,657 89,307 108,517 Units redeemed ................................. (75,805) (134,314) (124,152) ------------ ------------ ------------ Ending units ................................... 691,900 647,048 692,055 ============ ============ ============
(Continued) 33 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
OPPCAPAP -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ (19,077) (110,855) (32,613) Realized gain (loss) on investments ............ (1,029,806) 1,860,687 710,047 Change in unrealized gain (loss) on investments ............................... (3,248,518) (3,665,305) 1,735,399 Reinvested capital gains ....................... 1,656,912 1,008,850 175,824 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (2,640,489) (906,623) 2,588,657 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,908,054 2,157,034 1,214,511 Transfers between funds ........................ 1,333,450 6,354,660 3,004,317 Surrenders ..................................... (730,423) (726,427) (60,102) Death benefits (note 4) ........................ (20,947) (6,975) (6,703) Policy loans (net of repayments) (note 5) ...... (312,079) (235,392) (111,846) Deductions for surrender charges (note 2d) ..... (65,369) (66,477) (8,985) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (860,437) (739,986) (351,903) Asset charges (note 3): MSP contracts ................................ (9,111) (9,840) (4,217) LSFP contracts ............................... (7,689) (7,653) (3,718) ------------ ------------ ------------ Net equity transactions .................... 1,235,449 6,718,944 3,671,354 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (1,405,040) 5,812,321 6,260,011 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 18,099,350 12,287,029 6,027,018 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 16,694,310 18,099,350 12,287,029 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,010,305 679,081 467,763 ------------ ------------ ------------ Units purchased ................................ 199,382 432,286 284,637 Units redeemed ................................. (135,693) (101,062) (73,319) ------------ ------------ ------------ Ending units ................................... 1,073,994 1,010,305 679,081 ============ ============ ============
OPPGLSEC -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (17,114) (213,733) 65,415 Realized gain (loss) on investments ............ 711,276 1,641,953 2,137,635 Change in unrealized gain (loss) on investments ............................... (10,336,593) (5,708,731) 9,595,322 Reinvested capital gains ....................... 4,652,673 5,565,874 717,222 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (4,989,758) 1,285,363 12,515,594 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 3,040,269 3,586,290 3,377,203 Transfers between funds ........................ (700,733) 3,670,519 127,319 Surrenders ..................................... (1,165,344) (1,335,643) (755,080) Death benefits (note 4) ........................ (59,812) (106,833) (44,903) Policy loans (net of repayments) (note 5) ...... (641,888) (736,228) (343,214) Deductions for surrender charges (note 2d) ..... (104,292) (122,229) (112,877) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,470,276) (1,541,228) (1,110,398) Asset charges (note 3): MSP contracts ................................ (14,321) (17,080) (9,874) LSFP contracts ............................... (7,414) (8,237) (4,111) ------------ ------------ ------------ Net equity transactions .................... (1,123,811) 3,389,331 1,124,065 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (6,113,569) 4,674,694 13,639,659 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 39,444,895 34,770,201 21,130,542 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 33,331,326 39,444,895 34,770,201 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,321,836 1,212,506 1,158,329 ------------ ------------ ------------ Units purchased ................................ 124,911 237,815 196,187 Units redeemed ................................. (168,042) (128,485) (142,010) ------------ ------------ ------------ Ending units ................................... 1,278,705 1,321,836 1,212,506 ============ ============ ============
OPPMSGRINC -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (1,569) (965) -- Realized gain (loss) on investments ............ (68,580) 2,561 -- Change in unrealized gain (loss) on investments ............................... 3,903 (40,617) -- Reinvested capital gains ....................... -- -- -- ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (66,246) (39,021) -- ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 73,457 18,231 -- Transfers between funds ........................ 478,473 465,697 -- Surrenders ..................................... (13,868) -- -- Death benefits (note 4) ........................ (5,572) -- -- Policy loans (net of repayments) (note 5) ...... (6,462) (13,064) -- Deductions for surrender charges (note 2d) ..... (1,241) -- -- Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (28,125) (5,465) -- Asset charges (note 3): MSP contracts ................................ (846) (407) -- LSFP contracts ............................... (396) (32) -- ------------ ------------ ------------ Net equity transactions .................... 495,420 464,960 -- ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 429,174 425,939 -- CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 425,939 -- -- ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 855,113 425,939 -- ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 47,244 -- -- ------------ ------------ ------------ Units purchased ................................ 67,246 49,163 -- Units redeemed ................................. (8,150) (1,919) -- ------------ ------------ ------------ Ending units ................................... 106,340 47,244 -- ============ ============ ============
34 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
OPPMULT -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... $ 463,119 559,143 364,821 Realized gain (loss) on investments ............ (253,215) 397,611 405,169 Change in unrealized gain (loss) on investments ............................... (788,871) (1,160,185) 10,270 Reinvested capital gains ....................... 782,407 993,822 694,901 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 203,440 790,391 1,475,161 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 1,340,866 1,409,025 1,717,678 Transfers between funds ........................ 73,937 (593,747) (1,101,933) Surrenders ..................................... (1,108,678) (532,389) (382,853) Death benefits (note 4) ........................ (15,941) (31,040) (36,757) Policy loans (net of repayments) (note 5) ...... (124,435) (299,399) (234,710) Deductions for surrender charges (note 2d) ..... (99,220) (48,720) (57,233) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (685,803) (598,149) (646,532) Asset charges (note 3): MSP contracts ................................ (8,884) (8,633) (8,700) LSFP contracts ............................... (3,101) (2,652) (1,730) ------------ ------------ ------------ Net equity transactions .................... (631,259) (705,704) (752,770) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (427,819) 84,687 722,391 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 15,014,837 14,930,150 14,207,759 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 14,587,018 15,014,837 14,930,150 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 597,489 625,008 661,584 ------------ ------------ ------------ Units purchased ................................ 62,920 66,207 80,794 Units redeemed ................................. (85,593) (93,726) (117,370) ------------ ------------ ------------ Ending units ................................... 574,816 597,489 625,008 ============ ============ ============
STOPP2 -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (90,855) (355,887) (283,101) Realized gain (loss) on investments ............ 810,668 1,982,167 1,739,375 Change in unrealized gain (loss) on investments ............................... (9,214,867) (4,879,451) 5,430,662 Reinvested capital gains ....................... 6,568,447 5,562,609 3,541,869 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. (1,926,607) 2,309,438 10,428,805 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 3,747,736 3,997,729 4,448,212 Transfers between funds ........................ 1,868,557 46,907 (12,621) Surrenders ..................................... (1,628,712) (1,864,450) (1,148,838) Death benefits (note 4) ........................ (138,099) (68,640) (104,927) Policy loans (net of repayments) (note 5) ...... (509,235) (890,076) (753,805) Deductions for surrender charges (note 2d) ..... (145,760) (170,621) (171,741) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (1,891,585) (1,687,865) (1,589,094) Asset charges (note 3): MSP contracts ................................ (10,652) (11,771) (9,653) LSFP contracts ............................... (7,189) (6,074) (4,177) ------------ ------------ ------------ Net equity transactions .................... 1,285,061 (654,861) 653,356 ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (641,546) 1,654,577 11,082,161 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 43,772,522 42,117,945 31,035,784 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 43,130,976 43,772,522 42,117,945 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 1,075,957 1,086,172 1,071,986 ------------ ------------ ------------ Units purchased ................................ 153,470 130,217 143,914 Units redeemed ................................. (120,020) (140,432) (129,728) ------------ ------------ ------------ Ending units ................................... 1,109,407 1,075,957 1,086,172 ============ ============ ============
STDISC2 -------------------------------------------- 2001 2000 1999 ------------ ------------ ------------ INVESTMENT ACTIVITY: Net investment income .......................... (7,858) (58,904) (53,820) Realized gain (loss) on investments ............ (1,394,760) 752,895 (992,301) Change in unrealized gain (loss) on investments ............................... 323,479 (482,257) 125,370 Reinvested capital gains ....................... 1,246,478 -- 1,035,670 ------------ ------------ ------------ Net increase (decrease) in contract owners' equity resulting from operations .................. 167,339 211,734 114,919 ------------ ------------ ------------ EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 677,166 954,266 1,126,745 Transfers between funds ........................ 331,868 (570,553) (2,017,437) Surrenders ..................................... (500,137) (235,086) (201,408) Death benefits (note 4) ........................ (9,601) (21,678) (1,033) Policy loans (net of repayments) (note 5) ...... 1,236 (266,090) (115,906) Deductions for surrender charges (note 2d) ..... (44,759) (21,513) (30,109) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (360,160) (329,564) (340,295) Asset charges (note 3): MSP contracts ................................ (1,879) (1,697) (1,300) LSFP contracts ............................... (1,043) (903) (513) ------------ ------------ ------------ Net equity transactions .................... 92,691 (492,818) (1,581,256) ------------ ------------ ------------ NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 260,030 (281,084) (1,466,337) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 6,604,411 6,885,495 8,351,832 ------------ ------------ ------------ CONTRACT OWNERS' EQUITY END OF PERIOD ............ 6,864,441 6,604,411 6,885,495 ============ ============ ============ CHANGES IN UNITS: Beginning units ................................ 325,876 349,019 440,162 ------------ ------------ ------------ Units purchased ................................ 54,515 53,248 70,498 Units redeemed ................................. (53,274) (76,391) (161,641) ------------ ------------ ------------ Ending units ................................... 327,117 325,876 349,019 ============ ============ ============
(Continued) 35 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
STINTSTK2 ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ (19,820) (49,525) (14,510) Realized gain (loss) on investments ............ (668,197) (387,126) 1,329,944 Change in unrealized gain (loss) on investments ............................... (12,561) (1,546,991) 1,572,604 Reinvested capital gains ....................... 94,952 -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (605,626) (1,983,642) 2,888,038 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 379,003 580,207 428,882 Transfers between funds ........................ (626,846) (2,282,869) 2,309,650 Surrenders ..................................... (73,457) (136,421) (56,239) Death benefits (note 4) ........................ (8,282) (8,738) (4,048) Policy loans (net of repayments) (note 5) ...... (5,357) (28,642) 52,892 Deductions for surrender charges (note 2d) ..... (6,574) (12,484) (8,407) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (138,425) (207,957) (125,810) Asset charges (note 3): MSP contracts ................................ (1,205) (2,758) (2,085) LSFP contracts ............................... (2,203) (4,055) (1,753) ----------- ----------- ----------- Net equity transactions .................... (483,346) (2,103,717) 2,593,082 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (1,088,972) (4,087,359) 5,481,120 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 3,380,757 7,468,116 1,986,996 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 2,291,785 3,380,757 7,468,116 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 339,841 453,067 222,590 ----------- ----------- ----------- Units purchased ................................ 48,269 53,645 255,086 Units redeemed ................................. (90,356) (166,871) (24,609) ----------- ----------- ----------- Ending units ................................... 297,754 339,841 453,067 =========== =========== ===========
UIFEMMKT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 103,553 102,397 81,127 Realized gain (loss) on investments ............ 2,970 26,389 26,192 Change in unrealized gain (loss) on investments ............................... (10,775) (38,552) 29,379 Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 95,748 90,234 136,698 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 115,651 106,585 106,804 Transfers between funds ........................ 58,296 219,001 158,219 Surrenders ..................................... (10,839) (10,363) (6,693) Death benefits (note 4) ........................ (558) (3,364) -- Policy loans (net of repayments) (note 5) ...... (2,643) (4,279) (7,238) Deductions for surrender charges (note 2d) ..... (970) (948) (1,001) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (40,159) (31,590) (24,247) Asset charges (note 3): MSP contracts ................................ (898) (542) (425) LSFP contracts ............................... (2,146) (1,706) (885) ----------- ----------- ----------- Net equity transactions .................... 115,734 272,794 224,534 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 211,482 363,028 361,232 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 1,064,426 701,398 340,166 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 1,275,908 1,064,426 701,398 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 106,632 77,785 48,664 ----------- ----------- ----------- Units purchased ................................ 22,094 35,031 35,161 Units redeemed ................................. (11,905) (6,184) (6,040) ----------- ----------- ----------- Ending units ................................... 116,821 106,632 77,785 =========== =========== ===========
UIFUSRE ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 260,668 467,855 356,207 Realized gain (loss) on investments ............ 499,135 446,597 (1,050,667) Change in unrealized gain (loss) on investments ............................... (151,471) 443,730 478,383 Reinvested capital gains ....................... 71,668 36,959 -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 680,000 1,395,141 (216,077) ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 771,202 743,161 1,006,759 Transfers between funds ........................ 801,119 623,498 (1,435,388) Surrenders ..................................... (221,091) (117,484) (187,346) Death benefits (note 4) ........................ (6,563) (3,388) (2,653) Policy loans (net of repayments) (note 5) ...... (125,377) (37,568) (131,155) Deductions for surrender charges (note 2d) ..... (19,786) (10,751) (28,007) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (419,054) (274,253) (432,919) Asset charges (note 3): MSP contracts ................................ (5,645) (4,297) (4,975) LSFP contracts ............................... (3,546) (2,747) (2,459) ----------- ----------- ----------- Net equity transactions .................... 771,259 916,171 (1,218,143) ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ 1,451,259 2,311,312 (1,434,220) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 7,416,383 5,105,071 6,539,291 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 8,867,642 7,416,383 5,105,071 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 388,011 339,591 417,073 ----------- ----------- ----------- Units purchased ................................ 83,489 81,265 63,982 Units redeemed ................................. (46,231) (32,845) (141,464) ----------- ----------- ----------- Ending units ................................... 425,269 388,011 339,591 =========== =========== ===========
36 NATIONWIDE VLI SEPARATE ACCOUNT-2 STATEMENTS OF CHANGES IN CONTRACT OWNERS' EQUITY, CONTINUED YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
VEWRLDBD ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... $ 82,397 103,752 109,624 Realized gain (loss) on investments ............ (98,475) (272,468) (379,921) Change in unrealized gain (loss) on investments ............................... (128,804) 148,290 (74,747) Reinvested capital gains ....................... -- -- 60,420 ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (144,882) (20,426) (284,624) ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 148,351 195,128 232,837 Transfers between funds ........................ (16,738) (244,098) (449,720) Surrenders ..................................... (89,552) (111,418) (98,243) Death benefits (note 4) ........................ (911) (594) (25,665) Policy loans (net of repayments) (note 5) ...... 58,063 (49,056) (70,184) Deductions for surrender charges (note 2d) ..... (8,014) (10,196) (14,686) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (94,179) (83,862) (113,947) Asset charges (note 3): MSP contracts ................................ (1,268) (1,432) (1,809) LSFP contracts ............................... (221) (159) (145) ----------- ----------- ----------- Net equity transactions .................... (4,469) (305,687) (541,562) ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (149,351) (326,113) (826,186) CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 2,394,922 2,721,035 3,547,221 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ $ 2,245,571 2,394,922 2,721,035 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 170,727 195,887 233,069 ----------- ----------- ----------- Units purchased ................................ 17,591 16,793 18,613 Units redeemed ................................. (18,125) (41,953) (55,795) ----------- ----------- ----------- Ending units ................................... 170,193 170,727 195,887 =========== =========== ===========
VEWRLDEMKT ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... (26,750) (53,777) (32,044) Realized gain (loss) on investments ............ (647,627) (325,564) 2,142,637 Change in unrealized gain (loss) on investments ............................... 690,151 (2,614,711) 1,939,640 Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. 15,774 (2,994,052) 4,050,233 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 490,507 797,659 580,564 Transfers between funds ........................ (331,274) (3,479,128) 4,022,991 Surrenders ..................................... (180,526) (194,407) (107,435) Death benefits (note 4) ........................ (8,562) (13,706) -- Policy loans (net of repayments) (note 5) ...... 28,266 (160,319) (70,361) Deductions for surrender charges (note 2d) ..... (16,156) (17,791) (16,061) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (186,521) (270,107) (157,046) Asset charges (note 3): MSP contracts ................................ (2,672) (4,809) (3,494) LSFP contracts ............................... (2,560) (4,221) (1,983) ----------- ----------- ----------- Net equity transactions .................... (209,498) (3,346,829) 4,247,175 ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (193,724) (6,340,881) 8,297,408 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 3,808,102 10,148,983 1,851,575 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 3,614,378 3,808,102 10,148,983 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 573,188 882,045 320,168 ----------- ----------- ----------- Units purchased ................................ 86,484 89,672 609,978 Units redeemed ................................. (101,379) (398,529) (48,101) ----------- ----------- ----------- Ending units ................................... 558,293 573,188 882,045 =========== =========== ===========
VEWRLDHAS ----------------------------------------- 2001 2000 1999 ----------- ----------- ----------- INVESTMENT ACTIVITY: Net investment income .......................... 13,329 11,079 25,195 Realized gain (loss) on investments ............ (465,577) 525,703 609,115 Change in unrealized gain (loss) on investments ............................... (17,134) (152,863) 199,401 Reinvested capital gains ....................... -- -- -- ----------- ----------- ----------- Net increase (decrease) in contract owners' equity resulting from operations .................. (469,382) 383,919 833,711 ----------- ----------- ----------- EQUITY TRANSACTIONS: Purchase payments received from contract owners .............................. 327,399 365,844 602,994 Transfers between funds ........................ (274,541) (236,020) (822,875) Surrenders ..................................... (221,290) (307,798) (289,205) Death benefits (note 4) ........................ (9,201) (5,146) (1,818) Policy loans (net of repayments) (note 5) ...... (6,073) (120,415) 77,240 Deductions for surrender charges (note 2d) ..... (19,804) (28,167) (43,233) Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c) ............................ (191,766) (176,970) (189,825) Asset charges (note 3): MSP contracts ................................ (1,931) (2,345) (1,809) LSFP contracts ............................... (644) (1,775) (322) ----------- ----------- ----------- Net equity transactions .................... (397,851) (512,792) (668,853) ----------- ----------- ----------- NET CHANGE IN CONTRACT OWNERS' EQUITY ............ (867,233) (128,873) 164,858 CONTRACT OWNERS' EQUITY BEGINNING OF PERIOD ...................................... 4,165,570 4,294,443 4,129,585 ----------- ----------- ----------- CONTRACT OWNERS' EQUITY END OF PERIOD ............ 3,298,337 4,165,570 4,294,443 =========== =========== =========== CHANGES IN UNITS: Beginning units ................................ 278,673 317,507 361,828 ----------- ----------- ----------- Units purchased ................................ 26,308 29,839 63,996 Units redeemed ................................. (57,511) (68,673) (108,317) ----------- ----------- ----------- Ending units ................................... 247,470 278,673 317,507 =========== =========== ===========
See accompanying notes to financial statements. 37 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001, 2000 AND 1999 (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Organization and Nature of Operations The Nationwide VLI Separate Account-2 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on May 7, 1987. The Account is registered as a unit investment trust under the Investment Company Act of 1940. The Company offers Single Premium, Modified Single Premium, Flexible Premium and Last Survivor Flexible Premium Variable Life Insurance Policies through the Account. The primary distribution for the contracts is through the brokerage community; however, other distributors may be utilized. (b) The Contracts Prior to December 31, 1990, only contracts without a front-end sales charge, but with a contingent deferred sales charge and certain other fees, were offered for purchase. Beginning December 31, 1990, contracts with a front-end sales charge, a contingent deferred sales charge and certain other fees, are offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges. Contract owners may invest in the following: Portfolios of the American Century Variable Portfolios, Inc. (American Century VP); American Century VP - American Century VP Balanced (ACVPBal) American Century VP - American Century VP Capital Appreciation (ACVPCapAp) American Century VP - American Century VP Income & Growth (ACVPIncGr) American Century VP - American Century VP International (ACVPInt) American Century VP - American Century VP Value (ACVPValue) Portfolios of the Credit Suisse Trust; Credit Suisse Trust - Global Post-Venture Capital Portfolio (CSWPGPV) Credit Suisse Trust - International Equity Portfolio (CSWPIntEq) Credit Suisse Trust - Small Cap Growth Portfolio (CSWPSmCo) Portfolio of the Dreyfus Investment Portfolios (Dreyfus IP); Dreyfus IP - European Equity Portfolio (DryEuroEq) The Dreyfus Socially Responsible Growth Fund, Inc. (DrySRGro) Dreyfus Stock Index Fund (DryStkIx) Portfolios of the Dreyfus Variable Investment Fund (Dreyfus VIF); Dreyfus VIF - Appreciation Portfolio (DryAp) Dreyfus VIF - Growth and Income Portfolio (DryGrInc) Portfolios of the Fidelity(R) Variable Insurance Products Fund (Fidelity(R) VIP); Fidelity(R) VIP - Equity-Income Portfolio: Initial Class (FidVIPEI) Fidelity(R) VIP - Growth Portfolio: Initial Class (FidVIPGr) Fidelity(R) VIP - High Income Portfolio: Initial Class (FidVIPHI) Fidelity(R) VIP - Overseas Portfolio: Initial Class (FidVIPOv) Portfolios of the Fidelity(R) Variable Insurance Products Fund II (Fidelity(R) VIP-II); Fidelity(R) VIP-II - Asset Manager Portfolio: Initial Class (FidVIPAM) Fidelity(R) VIP-II - Contrafund Portfolio: Initial Class (FidVIPCon) Portfolio of the Fidelity(R) Variable Insurance Products Fund III (Fidelity(R) VIP-III); Fidelity(R) VIP-III - Growth Opportunities Portfolio: Initial Class (FidVIPGrOp) 38 Portfolios of the Janus Aspen Series (Janus AS); Janus AS - Capital Appreciation Portfolio - Service Shares (JanCapAp) Janus AS - Global Technology Portfolio - Service Shares (JanGlTech) Janus AS - International Growth Portfolio - Service Shares (JanIntGro) Funds of the Nationwide(R) Separate Account Trust (Nationwide(R) SAT); Nationwide(R) SAT - Capital Appreciation Fund Class I (NSATCapAp) Nationwide(R) SAT - Dreyfus Mid Cap Index Fund Class I (NSATMidCapIx) Nationwide(R) SAT - Gartmore Emerging Markets Fund Class I (NSATEmMkt) Nationwide(R) SAT - Gartmore Global Technology & Communications Fund Class I (NSATGlobTC) Nationwide(R) SAT - Gartmore International Growth Fund Class I (NSATIntGr) Nationwide(R) SAT - Government Bond Fund Class I (NSATGvtBd) Nationwide(R) SAT - MAS Multi Sector Bond Fund Class I (NSATMSecBd) Nationwide(R) SAT - Money Market Fund Class I (NSATMyMkt) Nationwide(R) SAT - Small Cap Growth Fund Class I (NSATSmCapG) Nationwide(R) SAT - Small Cap Value Fund Class I (NSATSmCapV) Nationwide(R) SAT - Small Company Fund Class I (NSATSmCo) Nationwide(R) SAT - Strong Mid Cap Growth Fund Class I (NSATStMCap) Nationwide(R) SAT - Total Return Fund Class I (NSATTotRe) Nationwide(R) SAT - Turner Growth Focus Fund Class I (NSATGrFoc) Portfolios of the Neuberger Berman Advisers Management Trust (Neuberger Berman AMT); Neuberger Berman AMT - Balanced Portfolio (NBAMTBal) Neuberger Berman AMT - Growth Portfolio (NBAMTGro) Neuberger Berman AMT - Guardian Portfolio (NBAMTGuard) Neuberger Berman AMT - Limited Maturity Bond Portfolio (NBAMTLMat) Neuberger Berman AMT - Partners Portfolio (NBAMTPart) Funds of the Oppenheimer Variable Account Funds; Oppenheimer Aggressive Growth Fund/VA (OppAggGro) Oppenheimer Bond Fund/VA (OppBdFd) Oppenheimer Capital Appreciation Fund/VA (OppCapAp) Oppenheimer Global Securities Fund/VA (OppGlSec) Oppenheimer Main Street Growth & Income Fund/VA (OppMSGrInc) Oppenheimer Multiple Strategies Fund/VA (OppMult) Strong Opportunity Fund II, Inc. (StOpp2) Funds of the Strong Variable Insurance Funds, Inc. (Strong VIF); Strong VIF - Strong Discovery Fund II (StDisc2) Strong VIF - Strong International Stock Fund II (StIntStk2) Funds of The Universal Institutional Funds, Inc. (UIF); UIF - Emerging Markets Debt Portfolio (UIFEmMkt) (formerly Morgan Stanley - Emerging Markets Debt Portfolio) UIF - U.S. Real Estate Portfolio (UIFUSRE) (formerly Van Kampen American Capital - Morgan Stanley U.S. Real Estate Portfolio) Funds of the Van Eck Worldwide Insurance Trust (Van Eck WIT); Van Eck WIT - Worldwide Bond Fund (VEWrldBd) Van Eck WIT - Worldwide Emerging Markets Fund (VEWrldEMkt) Van Eck WIT - Worldwide Hard Assets Fund (VEWrldHAs) (Continued) 39 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED At December 31, 2001, contract owners have invested in all of the above funds. The contract owners' equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see notes 2 and 3). The accompanying financial statements include only contract owners' purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company. A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies 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. (c) Security Valuation, Transactions and Related Investment Income The fair value of the underlying mutual funds is based on the closing net asset value per share at December 31, 2001. Fund purchases and sales are accounted for on the trade date (date the order to buy or sell is executed). The cost of investments sold is determined on a specific identification basis, and dividends (which include capital gain distributions) are accrued as of the ex-dividend date. (d) Federal Income Taxes Operations of the Account form a part of, and are taxed with, operations of the Company, which is taxed as a life insurance company under the provisions of the Internal Revenue Code. The Company does not provide for income taxes within the Account. Taxes are 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 accounting principles generally accepted in the United States of America 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. (2) POLICY CHARGES (a) Deductions from Premiums For single premium contracts, no deduction is made from any premium at the time of payment. On multiple payment contracts, flexible premium contracts and modified single premium contracts, the Company deducts a charge for state premium taxes equal to 2.5% of all premiums received to cover the payment of these premium taxes. The Company also deducts a sales load from each premium payment received not to exceed 3.5% of each premium payment. On last survivor flexible premium contracts, the Company deducts a charge for state premium taxes equal to 3.5% of all premiums received to cover the payment of these premium taxes. The Company also deducts a sales load from each premium payment received not to exceed 5% of each premium payment during the first ten years and 1.5% of each premium payment thereafter. The Company may at its sole discretion reduce this sales loading. 40 (b) Cost of Insurance A cost of insurance charge is assessed monthly against each contract by liquidating units. The amount of the charge is based upon age, sex, rate class and net amount at risk (death benefit less total contract value). For last survivor flexible premium contracts, the monthly cost of insurance is determined in a manner that reflects the anticipated mortality of the two insureds and the fact that the death benefit is not payable until the death of the second insured policyholder. (c) Administrative Charges An administrative charge is assessed against each contract to recover policy maintenance, accounting, record keeping and other administrative expenses and is assessed against each contract by liquidating units. For single premium contracts, the Company deducts an annual administrative charge which is determined as follows: Contracts issued prior to April 16, 1990: Purchase payments totalling less than $25,000 - $10/month Purchase payments totalling $25,000 or more - none Contracts issued on or after April 16, 1990: Purchase payments totalling less than $25,000 - $90/year ($65/year in New York) Purchase payments totalling $25,000 or more - $50/year For multiple payment contracts, the Company currently deducts a monthly administrative charge of $5 (not to exceed $7.50 per month). For flexible premium contracts, the Company currently deducts a monthly administrative charge of $12.50 during the first policy year. For all subsequent years, a monthly administrative charge is deducted (currently $5 per month not to exceed $7.50). Additionally, the Company deducts an increase charge of $2.04 per year per $1,000 applied to any increase in the specified amount during the first 12 months after the increase becomes effective. For modified single premium contracts, the monthly charge is equal to an annual rate of .30% multiplied by the policy's cash value. For policy years 11 and later, this monthly charge is reduced to an annual rate of 0.15% of the policy's cash value. The monthly charge is subject to a $10 minimum. For last survivor flexible premium contracts, the Company deducts a monthly administrative charge equal to the sum of the policy charge and the basic coverage charge. For policy years one through ten the policy charge is $10. Additionally, there is a $0.04 per $1,000 basic coverage charge (not less than $20 or more than $80 per policy). For policy years eleven and after, the policy charge is $5. Additionally, there is a $0.02 per $1,000 basic coverage charge (not less than $10 or more than $40 per policy). Additionally, the Company deducts a monthly increase charge of $2.40 per $1,000 applied to any increase in the specified amount during the first 12 months after the increase becomes effective. The charge may be raised to $3.60 per $1,000 of increase per year at the Company's discretion. (d) Surrender Charges Policy surrenders result in a redemption of the contract value from the Account and payment of the surrender proceeds to the contract owner or designee. The surrender proceeds consist of the contract value, less any outstanding policy loans, and less a surrender charge, if applicable. The charge is determined according to contract type. For single premium contracts, the charge is determined based upon a specified percentage of the original purchase payment. For single premium contracts issued prior to April 16, 1990, the charge is 8% in the first year and declines to 0% after the ninth year. For single premium contracts issued on or after April 16, 1990, the charge is 8.5% in the first year, and declines to 0% after the ninth year. For multiple payment contracts and flexible premium contracts, the amount charged is based upon a specified percentage of the initial surrender charge, which varies by issue age, sex and rate class. The charge is 100% of the initial surrender charge in the first year, declining to 0% after the ninth year. (Continued) 41 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED For modified single premium contracts, the amount charged is based on the original purchase payment. The charge is 10% in the first year, declining to 0% in the ninth year. For last survivor flexible premium contracts, the charge is 100% of the initial surrender charge, declining to 0% in the fourteenth year if the average issue age is 74 or less. The charge is 100% of the initial surrender charge, declining to 0% in the ninth year if the average issue age is 75 or greater. For last survivor flexible payment contracts, the initial surrender charge is comprised of two components, an underwriting surrender charge and a sales surrender charge. The Company may waive the surrender charge for certain contracts in which the sales expenses normally associated with the distribution of a contract are not incurred. (3) ASSET CHARGES For single premium contracts, the Company deducts a charge from the contract to cover mortality and expense risk charges related to operations, and to recover policy maintenance and premium tax charges. For contracts issued prior to April 16, 1990, the charge is equal to an annual rate of .95% during the first ten policy years, and .50% thereafter. A reduction of charges on these contracts is possible in policy years six through ten for those contracts achieving certain investment performance criteria. For single premium contracts issued on or after April 16, 1990, the charge is equal to an annual rate of 1.30% during the first ten policy years, and 1.00% thereafter. The above charges are assessed through the daily unit value calculation and are reflected in the table below. For multiple payment contracts and flexible premium contracts, the Company deducts a charge equal to an annual rate of .80%, with certain exceptions, to cover mortality and expense risk charges related to operations. The above charges are assessed through the daily unit value calculation and are reflected in the table below. For modified single premium contracts (MSP), the Company deducts an annual rate of .90% charged against the cash value of the contracts. This charge is assessed monthly against each contract by liquidating units. For last survivor flexible premium contracts (LSFP), the Company deducts an annual rate of .80% in policy years one through ten. This charge is assessed monthly by liquidating units. In policy years eleven and greater, the Company deducts an annual rate of .80% if the cash value of the contract is less than $100,000. If the cash value is greater than or equal to $100,000, the Company reduces the annual asset fee rate to .30%. The following table provides mortality and expense risk charges by contract type for the period ended December 31, 2001:
TOTAL ACVPBAL ACVPCAPAP ACVPINCGR ACVPINT ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 9,945 -- 1,018 -- 73 Single Premium contracts issued on or after April 16, 1990 .... 1,353,580 7,447 31,357 5,783 25,817 Multiple Payment contracts and Flexible Premium contracts .... 6,083,486 31,951 124,709 25,760 105,826 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 7,447,011 39,398 157,084 31,543 131,716 ============ ============ ============ ============ ============ ACVPVALUE CSWPGPV CSWPINTEQ CSWPSMCO DRYEUROEQ ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 5 94 -- -- -- Single Premium contracts issued on or after April 16, 1990 .... 17,208 1,626 9,068 17,489 452 Multiple Payment contracts and Flexible Premium contracts .... 49,449 13,768 47,217 121,208 1,093 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 66,662 15,488 56,285 138,697 1,545 ============ ============ ============ ============ ============
42
DRYSRGRO DRYSTKIX DRYAP DRYGRINC FIDVIPEI ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ -- 376 -- -- 954 Single Premium contracts issued on or after April 16, 1990 .... 10,745 80,334 12,577 2,918 142,241 Multiple Payment contracts and Flexible Premium contracts .... 108,279 584,155 37,962 17,118 482,790 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 119,024 664,865 50,539 20,036 625,985 ============ ============ ============ ============ ============
FIDVIPGR FIDVIPHI FIDVIPOV FIDVIPAM FIDVIPCON ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 1,155 199 283 166 -- Single Premium contracts issued on or after April 16, 1990 .... 165,229 27,672 35,278 67,334 62,048 Multiple Payment contracts and Flexible Premium contracts .... 870,483 108,604 126,449 165,618 351,343 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 1,036,867 136,475 162,010 233,118 413,391 ============ ============ ============ ============ ============
FIDVIPGROP JANCAPAP JANGLTECH JANINTGRO NSATCAPAP ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 65 -- -- 1 3 Single Premium contracts issued on or after April 16, 1990 .... 3,098 2,039 3,286 5,738 9,520 Multiple Payment contracts and Flexible Premium contracts .... 28,122 18,962 12,000 11,153 139,798 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 31,285 21,001 15,286 16,892 149,321 ============ ============ ============ ============ ============
NSATMIDCAPIX NSATEMMKT NSATGLOBTC NSATINTGR NSATGVTBD ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ -- -- -- -- 188 Single Premium contracts issued on or after April 16, 1990 .... 3,038 40 847 18 59,091 Multiple Payment contracts and Flexible Premium contracts .... 14,877 1,014 2,108 175 69,556 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 17,915 1,054 2,955 193 128,835 ============ ============ ============ ============ ============
NSATMSECBD NSATMYMKT NSATSMCAPG NSATSMCAPV NSATSMCO ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 1 1,003 -- 1,152 91 Single Premium contracts issued on or after April 16, 1990 .... 355 171,623 1,121 40,521 16,666 Multiple Payment contracts and Flexible Premium contracts .... 2,430 250,925 7,490 55,678 178,482 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 2,786 423,551 8,611 97,351 195,239 ============ ============ ============ ============ ============
NSATSTMCAP NSATTOTRE NSATGRFOC NBAMTBAL NBAMTGRO ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ -- 232 -- -- 572 Single Premium contracts issued on or after April 16, 1990 .... 1,051 40,397 97 -- 34,690 Multiple Payment contracts and Flexible Premium contracts .... 5,389 571,617 1,198 43 158,324 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 6,440 612,246 1,295 43 193,586 ============ ============ ============ ============ ============
(Continued) 43 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
NBAMTGUARD NBAMTLMAT NBAMTPART OPPAGGGRO OPPBDFD ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 1 537 2 1 4 Single Premium contracts issued on or after April 16, 1990 .... 884 14,129 16,958 1,776 18,350 Multiple Payment contracts and Flexible Premium contracts .... 15,806 20,568 148,970 14,255 74,286 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 16,691 35,234 165,930 16,032 92,640 ============ ============ ============ ============ ============
OPPCAPAP OPPGLSEC OPPMSGRINC OPPMULT STOPP2 ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 661 84 -- -- 581 Single Premium contracts issued on or after April 16, 1990 .... 19,634 33,610 588 33,772 51,199 Multiple Payment contracts and Flexible Premium contracts .... 109,197 234,376 3,628 88,883 293,420 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 129,492 268,070 4,216 122,655 345,200 ============ ============ ============ ============ ============
STDISC2 STINTSTK2 UIFEMMKT UIFUSRE VEWRLDBD ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ -- -- 65 293 83 Single Premium contracts issued on or after April 16, 1990 .... 9,142 4,397 652 14,648 5,690 Multiple Payment contracts and Flexible Premium contracts .... 46,945 15,423 5,664 48,775 13,754 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 56,087 19,820 6,381 63,716 19,527 ============ ============ ============ ============ ============
VEWRLDEMKT VEWRLDHAS ------------ ------------ Single Premium contracts issued prior to April 16, 1990 ....... $ 2 -- Single Premium contracts issued on or after April 16, 1990 .... 3,098 9,194 Multiple Payment contracts and Flexible Premium contracts .... 23,650 22,763 ------------ ------------ Total ....................... $ 26,750 31,957 ============ ============
The following table provides mortality and expense risk charges by contract type for the period ended December 31, 2000:
TOTAL ACVPBAL ACVCAPAP ACVPINCGR ACVPINT ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 24,586 -- 2,924 -- 575 Single Premium contracts issued on or after April 16, 1990 .... 1,668,100 8,312 50,858 7,821 39,191 Multiple Payment and Flexible Premium contracts ............. 7,171,155 35,037 172,093 25,391 152,864 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 8,863,841 43,349 225,875 33,212 192,630 ============ ============ ============ ============ ============
44
ACVPVALUE CSWPGPV CSWPINTEQ CSWPSMCO DRYEUROEQ ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 9 794 -- -- -- Single Premium contracts issued on or after April 16, 1990 .... 7,369 2,662 12,244 35,097 469 Multiple Payment and Flexible Premium contracts ............. 19,786 23,021 69,430 181,441 58 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 27,164 26,477 81,674 216,538 527 ============ ============ ============ ============ ============
DRYSRGRO DRYSTKIX DRYAP DRYGRINC FIDVIPEI ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ -- 2,043 -- -- 2,573 Single Premium contracts issued on or after April 16, 1990 .... 14,818 104,574 14,211 3,646 167,821 Multiple Payment and Flexible Premium contracts ............. 142,212 691,343 43,939 16,273 459,835 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 157,030 797,960 58,150 19,919 630,229 ============ ============ ============ ============ ============
FIDVIPGR FIDVIPHI FIDVIPOV FIDVIPAM FIDVIPCON ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 3,497 443 734 369 -- Single Premium contracts issued on or after April 16, 1990 .... 234,747 32,538 47,224 81,758 85,023 Multiple Payment and Flexible Premium contracts ............. 1,199,892 135,615 182,649 185,028 436,677 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 1,438,136 168,596 230,607 267,155 521,700 ============ ============ ============ ============ ============
FIDVIPGROP JANCAPAP JANGLTECH JANINTGRO NSATCAPAP ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 151 -- -- -- -- Single Premium contracts issued on or after April 16, 1990 .... 3,965 2,507 5,105 8,260 15,130 Multiple Payment and Flexible Premium contracts ............. 36,864 7,957 5,342 535 247,451 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 40,980 10,464 10,447 8,795 262,581 ============ ============ ============ ============ ============
NSATMIDCAPIX NSATEMMKT NSATGLOBTC NSATINTGR NSATGVTBD ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ -- -- -- -- 458 Single Premium contracts issued on or after April 16, 1990 .... 1,586 -- 789 -- 55,609 Multiple Payment and Flexible Premium contracts ............. 2,639 21 129 14 43,413 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 4,225 21 918 14 99,480 ============ ============ ============ ============ ============
NSATMSECBD NSATMYMKT NSATSMCAPG NSATSMCAPV NSATSMCO ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 15 2,426 -- 737 203 Single Premium contracts issued on or after April 16, 1990 .... 109 180,399 362 40,313 26,301 Multiple Payment and Flexible Premium contracts ............. 96 231,050 2,152 10,585 194,188 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 220 413,875 2,514 51,635 220,692 ============ ============ ============ ============ ============
(Continued) 45 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
NSATSTMCAP NSATTOTRE NSATGRFOC NBAMTGRO NBAMTGUARD ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ -- 581 -- 1,617 -- Single Premium contracts issued on or after April 16, 1990 .... 1,065 52,162 -- 52,458 654 Multiple Payment and Flexible Premium contracts ............. 1,726 684,107 100 272,872 14,034 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 2,791 736,850 100 326,947 14,688 ============ ============ ============ ============ ============
NBAMTLMAT NBAMTPART OPPAGGGRO OPPBDFD OPPCAPAP ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 1,243 9 -- 11 1,316 Single Premium contracts issued on or after April 16, 1990 .... 13,012 16,642 2,875 15,964 23,233 Multiple Payment and Flexible Premium contracts ............. 17,838 177,442 6,843 68,588 105,211 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 32,093 194,093 9,718 84,563 129,760 ============ ============ ============ ============ ============
OPPGLSEC OPPMSGRINC OPPMULT STOPP2 STDISC2 ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 681 -- -- 202 -- Single Premium contracts issued on or after April 16, 1990 .... 43,763 390 38,900 59,630 8,552 Multiple Payment and Flexible Premium contracts ............. 268,868 575 86,217 296,055 50,352 ------------ ------------ ------------ ------------ ------------ Total ....................... $313,312 965 125,117 355,887 58,904 ============ ============ ============ ============ ============
STINTSTK2 UIFEMMKT UIFUSRE VEWRLDBD VEWRLDEMKT ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ -- 133 631 181 29 Single Premium contracts issued on or after April 16, 1990 .... 11,016 1,340 13,596 6,649 3,523 Multiple Payment and Flexible Premium contracts ............. 38,509 4,918 32,402 14,851 50,225 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 49,525 6,391 46,629 21,681 53,777 ============ ============ ============ ============ ============
VEWRLDHAS ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 1 Single Premium contracts issued on or after April 16, 1990 .... 11,858 Multiple Payment and Flexible Premium contracts ............. 24,402 ------------ Total ....................... $ 36,261 ============
46 The following table provides mortality and expense risk charges by contract type for the period ended December 31, 1999:
TOTAL ACVPBAL ACVPCAPAP ACVPINCGR ACVPINT ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 22,217 126 315 79 360 Single Premium contracts issued on or after April 16, 1990 .... 1,597,906 9,070 22,650 5,653 25,861 Multiple Payment and Flexible Premium contracts ............. 6,040,026 34,284 85,615 21,369 97,752 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 7,660,149 43,480 108,580 27,101 123,973 ============ ============ ============ ============ ============
ACVPVALUE CSWPGPV CSWPINTEQ CSWPSMCO DRYSRGRO ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 61 40 204 333 333 Single Premium contracts issued on or after April 16, 1990 .... 4,379 2,855 14,649 23,934 23,957 Multiple Payment and Flexible Premium contracts ............. 16,553 10,791 55,372 90,470 90,556 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 20,993 13,686 70,225 114,737 114,846 ============ ============ ============ ============ ============
DRYSTKIX DRYAP DRYGRINC FIDVIPEI FIDVIPGR ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 2,086 166 46 2,071 3,322 Single Premium contracts issued on or after April 16, 1990 .... 150,018 11,975 3,327 148,948 238,938 Multiple Payment and Flexible Premium contracts ............. 567,060 45,265 12,577 563,016 903,175 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 719,164 57,406 15,950 714,035 1,145,435 ============ ============ ============ ============ ============
FIDVIPHI FIDVIPOV FIDVIPAM FIDVIPCON FIDVIPGROP ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 574 580 784 1,335 137 Single Premium contracts issued on or after April 16, 1990 .... 41,267 41,698 56,415 96,008 9,823 Multiple Payment and Flexible Premium contracts ............. 155,987 157,616 213,245 362,905 37,128 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 197,828 199,894 270,444 460,248 47,088 ============ ============ ============ ============ ============
NSATCAPAP NSATGVTBD NSATMYMKT NSATSMCAPV NSATSMCO ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 937 352 1,204 37 389 Single Premium contracts issued on or after April 16, 1990 .... 67,386 25,386 86,597 2,682 27,949 Multiple Payment and Flexible Premium contracts ............. 254,746 95,940 327,332 10,138 105,646 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 323,069 121,678 415,133 12,857 133,984 ============ ============ ============ ============ ============
NSATTOTRE NBAMTGRO NBAMTGUARD NBAMTLMAT NBAMTPART ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 2,247 531 37 104 680 Single Premium contracts issued on or after April 16, 1990 .... 161,641 38,230 2,667 7,455 48,927 Multiple Payment and Flexible Premium contracts ............. 610,999 144,507 10,083 28,179 184,942 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 774,887 183,268 12,787 35,738 234,549 ============ ============ ============ ============ ============
(Continued) 47 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
OPPBDFD OPPCAPAP OPPGLSEC OPPMULT STOPP2 ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 266 141 553 335 821 Single Premium contracts issued on or after April 16, 1990 .... 19,098 10,142 39,744 24,110 59,055 Multiple Payment and Flexible Premium contracts ............. 72,189 38,336 150,232 91,134 223,225 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 91,553 48,619 190,529 115,579 283,101 ============ ============ ============ ============ ============
STDISC2 STINTSTK2 UIFEMMKT UIFUSRE VEWRLDBD ------------ ------------ ------------ ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 156 65 9 128 74 Single Premium contracts issued on or after April 16, 1990 .... 11,227 4,687 666 9,180 5,340 Multiple Payment and Flexible Premium contracts ............. 42,437 17,716 2,520 34,702 20,187 ------------ ------------ ------------ ------------ ------------ Total ....................... $ 53,820 22,468 3,195 44,010 25,601 ============ ============ ============ ============ ============
VEWRLDEMKT VEWRLDHAS ------------ ------------ Single Premium contracts issued prior to April 16,1990 ........ $ 93 106 Single Premium contracts issued on or after April 16, 1990 .... 6,684 7,628 Multiple Payment and Flexible Premium contracts ............. 25,267 28,833 ------------ ------------ Total ....................... $ 32,044 36,567 ============ ============
(4) DEATH BENEFITS Death benefit proceeds result in a redemption of the contract value from the Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium contracts, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the contract value on the date of death, the excess is paid by the Company's general account. (5) POLICY LOANS (NET OF REPAYMENTS) Contract provisions allow contract owners to borrow up to 90% (50% during first year of single and modified single premium contracts) of a policy's cash surrender value. For single premium contracts issued prior to April 16, 1990, 6.5% interest is due and payable annually in advance. For single premium contracts issued on or after April 16, 1990, multiple payment, flexible premium, modified single and last survivor flexible premium contracts, 6% interest is due and payable in advance on the policy anniversary when there is a loan outstanding on the policy. At the time the loan is granted, the amount of the loan is transferred from the Account to the Company's general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Loan repayments result in a transfer of collateral, including interest, back to the Account. (6) RELATED PARTY TRANSACTIONS The Company performs various services on behalf of the Mutual Fund Companies in which the Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, preparation, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company. 48 (7) FINANCIAL HIGHLIGHTS The following is a summary of units, unit fair values and contract owners' equity outstanding for variable life and annuity contracts as of the end of the period indicated, and the contract expense rate and total return for each of the five years in the period ended December 31, 2001.
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Modified Single Premium contracts and Last Survivor Flexible Premium contracts: American Century VP - American Century VP Balanced 2001 ............................................ 0.00% 46,974 $15.146118 $ 711,474 -3.54% 2000 ............................................ 0.00% 46,479 15.701900 729,809 -2.65% 1999 ............................................ 0.00% 47,439 16.129489 765,167 10.06% 1998 ............................................ 0.00% 40,224 14.655512 589,503 15.77% 1997 ............................................ 0.00% 27,206 12.659036 344,402 15.81% American Century VP - American Century VP Capital Appreciation 2001 ............................................ 0.00% 113,954 11.137742 1,269,190 -28.07% 2000 ............................................ 0.00% 136,380 15.483078 2,111,582 9.03% 1999 ............................................ 0.00% 67,671 14.200282 960,947 64.52% 1998 ............................................ 0.00% 56,709 8.631172 489,465 -2.16% 1997 ............................................ 0.00% 32,542 8.821378 287,065 -3.26% American Century VP - American Century VP Income & Growth 2001 ............................................ 0.00% 53,217 10.558315 561,882 -8.35% 2000 ............................................ 0.00% 51,494 11.520561 593,240 -10.62% 1999 ............................................ 0.00% 90,023 12.888778 1,160,286 18.02% 1998 ............................................ 0.00% 49,568 10.920877 541,326 9.21% 5/1/98 American Century VP - American Century VP International 2001 ............................................ 0.00% 111,542 14.668200 1,636,120 -29.17% 2000 ............................................ 0.00% 143,626 20.710054 2,974,502 -16.83% 1999 ............................................ 0.00% 120,278 24.899615 2,994,876 64.04% 1998 ............................................ 0.00% 109,633 15.178805 1,664,098 18.76% 1997 ............................................ 0.00% 32,515 12.781185 415,580 18.63% American Century VP - American Century VP Value 2001 ............................................ 0.00% 98,909 17.718442 1,752,513 12.82% 2000 ............................................ 0.00% 53,790 15.704757 844,759 18.14% 1999 ............................................ 0.00% 42,323 13.293167 562,607 -0.85% 1998 ............................................ 0.00% 39,670 13.407134 531,861 4.81% 1997 ............................................ 0.00% 17,691 12.791587 226,296 26.08% Credit Suisse Trust - Global Post-Venture Capital Portfolio 2001 ............................................ 0.00% 12,080 11.607891 140,223 -28.63% 2000 ............................................ 0.00% 19,402 16.265390 315,581 -18.94% 1999 ............................................ 0.00% 14,680 20.065541 294,562 63.50% 1998 ............................................ 0.00% 4,122 12.272697 50,588 6.51% 1997 ............................................ 0.00% 2,527 11.522579 29,118 13.34% Credit Suisse Trust - International Equity Portfolio 2001 ............................................ 0.00% 120,573 9.040640 1,090,057 -22.27% 2000 ............................................ 0.00% 119,996 11.631433 1,395,725 -25.90% 1999 ............................................ 0.00% 142,042 15.696053 2,229,499 53.43% 1998 ............................................ 0.00% 132,142 10.230064 1,351,821 5.35% 1997 ............................................ 0.00% 112,574 9.710827 1,093,187 -2.26%
(Continued) 49 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Credit Suisse Trust - Small Cap Growth Portfolio 2001 ............................................ 0.00% 185,522 12.840185 2,382,137 -16.01% 2000 ............................................ 0.00% 212,377 15.287247 3,246,660 -18.11% 1999 ............................................ 0.00% 154,684 18.668523 2,887,722 69.08% 1998 ............................................ 0.00% 131,376 11.041376 1,450,572 -2.85% 1997 ............................................ 0.00% 116,237 11.365509 1,321,093 15.65% Dreyfus IP - European Equity Portfolio 2001 ............................................ 0.00% 133 6.722485 894 -28.13% 2000 ............................................ 0.00% 2,553 9.353456 23,879 -9.65% The Dreyfus Socially Responsible Growth Fund, Inc. 2001 ............................................ 0.00% 72,096 16.646416 1,200,140 -22.57% 2000 ............................................ 0.00% 87,987 21.499776 1,891,701 -11.03% 1999 ............................................ 0.00% 72,077 24.166067 1,741,818 30.08% 1998 ............................................ 0.00% 59,391 18.577940 1,103,362 29.38% 1997 ............................................ 0.00% 37,804 14.359114 542,832 28.43% Dreyfus Stock Index Fund 2001 ............................................ 0.00% 599,693 18.770165 11,256,337 -12.18% 2000 ............................................ 0.00% 591,538 21.373424 12,643,192 -9.28% 1999 ............................................ 0.00% 619,532 23.560156 14,596,271 20.60% 1998 ............................................ 0.00% 451,985 19.535151 8,829,595 28.21% 1997 ............................................ 0.00% 228,273 15.236658 3,478,118 32.96% Dreyfus VIF - Appreciation Portfolio 2001 ............................................ 0.00% 81,387 13.409044 1,091,322 -9.31% 2000 ............................................ 0.00% 68,662 14.785375 1,015,193 -0.65% 1999 ............................................ 0.00% 54,118 14.882433 805,408 11.46% 1998 ............................................ 0.00% 32,649 13.352746 435,954 30.22% 1997 ............................................ 0.00% 450 10.254291 4,614 2.54% 7/14/97 Dreyfus VIF - Growth and Income Portfolio 2001 ............................................ 0.00% 42,969 13.745232 590,619 -5.85% 2000 ............................................ 0.00% 50,580 14.598583 738,396 -3.78% 1999 ............................................ 0.00% 42,510 15.172345 644,976 16.88% 1998 ............................................ 0.00% 33,423 12.980656 433,852 11.81% 1997 ............................................ 0.00% 18,834 11.609215 218,648 16.21% Fidelity(R) VIP - Equity-Income Portfolio: Initial Class 2001 ............................................ 0.00% 431,008 16.906669 7,286,910 -4.96% 2000 ............................................ 0.00% 410,082 17.788146 7,294,598 8.42% 1999 ............................................ 0.00% 442,948 16.406894 7,267,401 6.33% 1998 ............................................ 0.00% 424,796 15.430209 6,554,691 11.63% 1997 ............................................ 0.00% 299,539 13.822981 4,140,522 28.11% Fidelity(R) VIP - Growth Portfolio: Initial Class 2001 ............................................ 0.00% 464,650 18.128151 8,423,245 -17.65% 2000 ............................................ 0.00% 494,090 22.013206 10,876,505 -10.98% 1999 ............................................ 0.00% 462,592 24.728511 11,439,211 37.44% 1998 ............................................ 0.00% 312,967 17.992701 5,631,122 39.49% 1997 ............................................ 0.00% 162,254 12.898986 2,092,912 23.48%
(Continued) 50
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Fidelity(R) VIP - High Income Portfolio: Initial Class 2001 ............................................ 0.00% 268,872 9.023656 2,426,208 -11.73% 2000 ............................................ 0.00% 251,453 10.222956 2,570,593 -22.47% 1999 ............................................ 0.00% 301,341 13.186454 3,973,619 8.15% 1998 ............................................ 0.00% 328,441 12.192188 4,004,414 -4.33% 1997 ............................................ 0.00% 171,832 12.743794 2,189,792 17.67% Fidelity(R) VIP - Overseas Portfolio: Initial Class 2001 ............................................ 0.00% 100,976 12.204145 1,232,326 -21.17% 2000 ............................................ 0.00% 109,074 15.480896 1,688,563 -19.11% 1999 ............................................ 0.00% 121,065 19.137888 2,316,928 42.63% 1998 ............................................ 0.00% 94,348 13.418281 1,265,988 12.75% 1997 ............................................ 0.00% 45,600 11.900892 542,681 11.56% Fidelity(R) VIP II - Asset Manager Portfolio: Initial Class 2001 ............................................ 0.00% 97,209 15.661062 1,522,396 -4.09% 2000 ............................................ 0.00% 97,054 16.328861 1,584,781 -3.93% 1999 ............................................ 0.00% 98,987 16.996678 1,682,450 11.09% 1998 ............................................ 0.00% 96,546 15.299714 1,477,126 15.05% 1997 ............................................ 0.00% 73,280 13.298253 974,496 20.65% Fidelity(R) VIP II - Contrafund Portfolio: Initial Class 2001 ............................................ 0.00% 310,919 18.482808 5,746,656 -12.24% 2000 ............................................ 0.00% 339,730 21.061590 7,155,254 -6.62% 1999 ............................................ 0.00% 334,798 22.555449 7,551,519 24.25% 1998 ............................................ 0.00% 294,323 18.152724 5,342,764 29.98% 1997 ............................................ 0.00% 167,595 13.965921 2,340,619 24.14% Fidelity(R) VIP III - Growth Opportunities Portfolio: Initial Class 2001 ............................................ 0.00% 59,212 10.143319 600,606 -14.42% 2000 ............................................ 0.00% 67,837 11.852480 804,037 -17.07% 1999 ............................................ 0.00% 67,209 14.291602 960,524 4.27% 1998 ............................................ 0.00% 54,891 13.706120 752,343 24.61% 1997 ............................................ 0.00% 13,840 10.998857 152,224 9.99% 7/14/97 Janus AS - Capital Appreciation Portfolio - Service Shares 2001 ............................................ 0.00% 62,604 6.201616 388,246 -21.83% 2000 ............................................ 0.00% 54,056 7.933369 428,846 -30.82% 5/1/00 Janus AS - Global Technology Portfolio - Service Shares 2001 ............................................ 0.00% 58,616 4.249300 249,077 -37.31% 2000 ............................................ 0.00% 51,067 6.778794 346,173 -20.67% 5/1/00 Janus AS - International Growth Portfolio - Service Shares 2001 ............................................ 0.00% 37,721 6.088787 229,675 -23.43% 2000 ............................................ 0.00% 28,662 7.951801 227,915 -20.48% 5/1/00 Nationwide(R) SAT - Capital Appreciation Fund Class I 2001 ............................................ 0.00% 169,484 11.173143 1,893,669 -28.13% 2000 ............................................ 0.00% 202,780 15.547089 3,152,639 -26.53% 1999 ............................................ 0.00% 234,699 21.161942 4,966,687 4.28% 1998 ............................................ 0.00% 207,778 20.293858 4,216,617 29.96% 1997 ............................................ 0.00% 92,414 15.614947 1,443,040 34.49% Nationwide(R) SAT - Dreyfus Mid Cap Index Fund Class I 2001 ............................................ 0.00% 37,983 10.379883 394,259 -1.30% 2000 ............................................ 0.00% 15,903 10.517026 167,252 5.17% 5/1/00 Nationwide(R) SAT - Gartmore Emerging Markets Fund Class I 2001 ............................................ 0.00% 27,272 8.260926 225,292 -5.18%
(Continued) 51 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Nationwide(R) SAT - Gartmore Global Technology & Communications Fund Class I 2001 ............................................ 0.00% 2,536 3.446837 8,741 -42.72% 2000 ............................................ 0.00% 2,596 6.017639 15,622 -39.82% 10/2/00 Nationwide(R) SAT - Government Bond Fund Class I 2001 ............................................ 0.00% 192,314 15.033937 2,891,237 7.25% 2000 ............................................ 0.00% 147,694 14.017108 2,070,243 12.54% 1999 ............................................ 0.00% 146,891 12.455412 1,829,588 -2.35% 1998 ............................................ 0.00% 100,956 12.754801 1,287,674 8.91% 1997 ............................................ 0.00% 38,575 11.711522 451,772 9.67% Nationwide(R) SAT - MAS Multi Sector Bond Fund Class I 2001 ............................................ 0.00% 2,363 10.932334 25,833 4.19% 2000 ............................................ 0.00% 3,146 10.492823 33,010 4.93% 5/1/00 Nationwide(R) SAT - Money Market Fund Class I 2001 ............................................ 0.00% 752,971 13.194770 9,935,279 3.60% 2000 ............................................ 0.00% 690,357 12.735851 8,792,284 6.03% 1999 ............................................ 0.00% 710,620 12.011954 8,535,935 4.85% 1998 ............................................ 0.00% 904,630 11.456534 10,363,924 5.27% 1997 ............................................ 0.00% 680,581 10.882768 7,406,605 5.26% Nationwide(R) SAT - Small Cap Growth Fund Class I 2001 ............................................ 0.00% 28,981 7.239237 209,800 -10.84% 2000 ............................................ 0.00% 5,428 8.119138 44,071 -18.81% 5/1/00 Nationwide(R) SAT - Small Cap Value Fund Class I 2001 ............................................ 0.00% 145,093 15.689204 2,276,394 28.28% 2000 ............................................ 0.00% 92,343 12.230652 1,129,415 11.20% 1999 ............................................ 0.00% 86,677 10.998838 953,346 27.84% 1998 ............................................ 0.00% 18,425 8.603810 158,525 -13.96% 5/1/98 Nationwide(R) SAT - Small Company Fund Class I 2001 ............................................ 0.00% 171,105 18.253468 3,123,260 -6.70% 2000 ............................................ 0.00% 232,635 19.565011 4,551,506 8.90% 1999 ............................................ 0.00% 210,131 17.966399 3,775,297 44.02% 1998 ............................................ 0.00% 170,740 12.475012 2,129,984 1.01% 1997 ............................................ 0.00% 99,062 12.350345 1,223,450 17.35% Nationwide(R) SAT - Strong Mid Cap Growth Fund Class I 2001 ............................................ 0.00% 15,083 5.680754 85,683 -30.31% 2000 ............................................ 0.00% 15,341 8.151094 125,046 -18.49% 5/1/00 Nationwide(R) SAT - Total Return Fund Class I 2001 ............................................ 0.00% 370,050 16.144226 5,974,171 -11.82% 2000 ............................................ 0.00% 383,717 18.308017 7,025,097 -2.12% 1999 ............................................ 0.00% 408,867 18.704720 7,647,743 6.94% 1998 ............................................ 0.00% 377,762 17.490359 6,607,193 18.07% 1997 ............................................ 0.00% 270,928 14.813042 4,013,268 29.43% Neuberger Berman AMT - Growth Portfolio 2001 ............................................ 0.00% 194,831 13.610476 2,651,743 -30.36% 2000 ............................................ 0.00% 165,377 19.543829 3,232,100 -11.66% 1999 ............................................ 0.00% 101,415 22.122463 2,243,550 50.40% 1998 ............................................ 0.00% 95,390 14.709510 1,403,140 15.53% 1997 ............................................ 0.00% 35,081 12.732630 446,673 29.01%
(Continued) 52
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Neuberger Berman AMT - Guardian Portfolio 2001 ............................................ 0.00% 42,795 10.719948 458,760 -1.51% 2000 ............................................ 0.00% 31,192 10.883981 339,493 1.13% 1999 ............................................ 0.00% 28,718 10.762335 309,073 14.93% 1998 ............................................ 0.00% 15,552 9.364011 145,629 -6.36% 5/1/98 Neuberger Berman AMT - Limited Maturity Bond Portfolio 2001 ............................................ 0.00% 53,267 13.761786 733,049 8.78% 2000 ............................................ 0.00% 48,744 12.650873 616,654 6.78% 1999 ............................................ 0.00% 73,941 11.847132 875,989 1.48% 1998 ............................................ 0.00% 72,201 11.674617 842,919 4.39% 1997 ............................................ 0.00% 63,831 11.183579 713,859 6.74% Neuberger Berman AMT - Partners Portfolio 2001 ............................................ 0.00% 214,234 16.491924 3,533,131 -2.83% 2000 ............................................ 0.00% 218,683 16.971642 3,711,410 0.07% 1999 ............................................ 0.00% 229,651 16.853460 3,870,414 7.37% 1998 ............................................ 0.00% 241,826 15.696640 3,795,856 4.21% 1997 ............................................ 0.00% 154,752 15.062681 2,330,980 31.25% Oppenheimer Aggressive Growth Fund/VA 2001 ............................................ 0.00% 27,049 5.377832 145,465 -31.27% 2000 ............................................ 0.00% 29,380 7.824211 229,875 -21.76% 5/1/00 Oppenheimer Bond Fund/VA 2001 ............................................ 0.00% 120,742 13.988352 1,688,982 7.79% 2000 ............................................ 0.00% 108,962 12.977817 1,414,089 6.10% 1999 ............................................ 0.00% 101,438 12.232154 1,240,805 -1.52% 1998 ............................................ 0.00% 90,724 12.420731 1,126,858 6.80% 1997 ............................................ 0.00% 60,188 11.629634 699,964 9.25% Oppenheimer Capital Appreciation Fund/VA 2001 ............................................ 0.00% 116,791 16.074008 1,877,299 -12.58% 2000 ............................................ 0.00% 115,080 18.386180 2,115,882 -0.23% 1999 ............................................ 0.00% 83,414 18.428739 1,537,215 41.66% 1998 ............................................ 0.00% 98,891 13.009524 1,286,525 24.00% 1997 ............................................ 0.00% 7,635 10.491590 80,103 4.92% 7/14/97 Oppenheimer Global Securities Fund/VA 2001 ............................................ 0.00% 111,537 22.171331 2,472,924 -12.04% 2000 ............................................ 0.00% 119,169 25.205074 3,003,663 5.09% 1999 ............................................ 0.00% 94,622 23.984739 2,269,484 58.48% 1998 ............................................ 0.00% 89,467 15.133929 1,353,987 14.10% 1997 ............................................ 0.00% 53,741 13.263226 712,779 22.42% Oppenheimer Main Street Growth & Income Fund/VA 2001 ............................................ 0.00% 21,240 8.134641 172,780 -10.16% 2000 ............................................ 0.00% 10,745 9.054521 97,291 -9.45% 5/1/00 Oppenheimer Multiple Strategies Fund/VA 2001 ............................................ 0.00% 84,920 16.632670 1,412,446 2.22% 2000 ............................................ 0.00% 82,390 16.271709 1,340,626 6.44% 1999 ............................................ 0.00% 80,822 15.287602 1,235,575 11.80% 1998 ............................................ 0.00% 90,548 13.674340 1,238,184 6.65% 1997 ............................................ 0.00% 58,544 12.821215 750,605 17.22%
(Continued) 53 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Strong Opportunity Fund II, Inc. ................... 2001 ............................................ 0.00% 103,859 21.238327 2,205,791 -3.70% 2000 ............................................ 0.00% 96,471 22.004768 2,122,822 6.60% 1999 ............................................ 0.00% 85,543 20.690172 1,769,899 34.91% 1998 ............................................ 0.00% 85,559 15.336685 1,312,191 13.54% 1997 ............................................ 0.00% 50,153 13.507426 677,438 25.45% Strong VIF - Strong Discovery Fund II 2001 ............................................ 0.00% 22,035 13.485135 297,145 4.08% 2000 ............................................ 0.00% 25,155 12.955970 325,907 4.39% 1999 ............................................ 0.00% 19,763 12.410693 245,273 5.09% 1998 ............................................ 0.00% 20,724 11.809640 244,743 7.26% 1997 ............................................ 0.00% 15,515 11.010302 170,825 11.39% Strong VIF - Strong International Stock Fund II 2001 ............................................ 0.00% 55,640 7.298468 406,087 -22.14% 2000 ............................................ 0.00% 51,648 9.373600 484,128 -39.52% 1999 ............................................ 0.00% 91,170 15.499580 1,413,097 87.20% 1998 ............................................ 0.00% 36,980 8.279751 306,185 -4.78% 1997 ............................................ 0.00% 28,984 8.695226 252,022 -13.52% UIF - Emerging Markets Debt Portfolio 2001 ............................................ 0.00% 33,534 11.216363 376,130 10.10% 2000 ............................................ 0.00% 33,493 10.187412 341,207 11.39% 1999 ............................................ 0.00% 25,999 9.146001 237,787 29.37% 1998 ............................................ 0.00% 6,444 7.069376 45,555 -28.38% 1997 ............................................ 0.00% 3,497 9.870449 34,517 -1.30% 7/14/97 UIF - U.S. Real Estate Portfolio 2001 ............................................ 0.00% 58,299 19.952330 1,163,201 9.84% 2000 ............................................ 0.00% 57,529 18.164582 1,044,990 28.06% 1999 ............................................ 0.00% 53,125 14.184757 753,565 -3.37% 1998 ............................................ 0.00% 58,853 14.679798 863,950 -11.62% 1997 ............................................ 0.00% 47,746 16.610019 793,062 21.47% Van Eck WIT - Worldwide Bond Fund 2001 ............................................ 0.00% 15,977 10.819530 172,864 -5.10% 2000 ............................................ 0.00% 15,146 11.400381 172,670 1.87% 1999 ............................................ 0.00% 16,613 11.191476 185,924 -7.82% 1998 ............................................ 0.00% 21,531 12.141253 261,413 12.75% 1997 ............................................ 0.00% 19,142 10.767851 206,118 2.39% Van Eck WIT - Worldwide Emerging Markets Fund 2001 ............................................ 0.00% 79,757 6.710492 535,209 -1.81% 2000 ............................................ 0.00% 91,301 6.834145 623,964 -41.87% 1999 ............................................ 0.00% 175,122 11.755719 2,058,685 100.28% 1998 ............................................ 0.00% 41,962 5.869611 246,301 -34.13% 1997 ............................................ 0.00% 13,242 8.910909 117,998 -11.60% Van Eck WIT - Worldwide Hard Assets Fund 2001 ............................................ 0.00% 32,526 8.239575 268,000 -10.44% 2000 ............................................ 0.00% 35,253 9.200485 324,345 11.40% 1999 ............................................ 0.00% 38,783 8.258894 320,305 21.00% 1998 ............................................ 0.00% 21,804 6.825397 148,821 -30.97% 1997 ............................................ 0.00% 14,793 9.887286 146,263 -1.68%
(Continued) 54
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Single Premium contracts issued prior to April 16, 1990 (policy years 11 and thereafter): American Century VP - American Century VP Capital Appreciation 2001 ............................................ 0.50% 2,922 28.500613 83,279 -28.43% 2000 ............................................ 0.50% 7,428 39.820221 295,785 8.49% 1999 ............................................ 0.50% 6,108 36.406768 222,373 63.70% 1998 ............................................ 0.50% 6,437 22.339504 143,799 -2.73% 1997 ............................................ 0.50% 8,329 23.049846 191,982 -4.17% American Century VP - American Century VP International 2000 ............................................ 0.50% 2,453 22.205291 54,470 -17.24% 1999 ............................................ 0.50% 2,459 26.614141 65,444 63.23% American Century VP - American Century VP Value 2000 ............................................ 0.50% 118 15.308543 1,806 17.56% Credit Suisse Trust - Global Post-Venture Capital Portfolio 2000 ............................................ 0.50% 4,740 15.854894 75,152 -19.34% Credit Suisse Trust - International Equity Portfolio 1998 ............................................ 0.50% 1,777 11.754581 20,888 4.73% 1997 ............................................ 0.50% 1,792 11.264405 20,186 -3.18% Credit Suisse Trust - Small Cap Growth Portfolio 1997 ............................................ 0.50% 134 16.093971 2,157 14.56% The Dreyfus Socially Responsible Growth Fund, Inc. 1999 ............................................ 0.50% 1,699 36.209915 61,521 29.43% Dreyfus Stock Index Fund 2001 ............................................ 0.50% 1,122 26.476528 29,707 -12.62% 2000 ............................................ 0.50% 6,384 30.300792 193,440 -9.73% 1999 ............................................ 0.50% 16,208 33.296352 539,667 20.00% 1998 ............................................ 0.50% 14,798 27.871347 412,440 27.46% 1997 ............................................ 0.50% 9,956 21.945853 218,493 31.70% Dreyfus VIF - Appreciation Portfolio 1999 ............................................ 0.50% 868 14.538186 12,619 10.90% 1998 ............................................ 0.50% 876 13.168334 11,535 28.99% Fidelity(R) VIP - Equity-Income Portfolio: Initial Class 2001 ............................................ 0.50% 3,200 45.378727 145,212 -5.43% 2000 ............................................ 0.50% 5,076 47.985530 243,575 7.88% 1999 ............................................ 0.50% 5,082 44.120448 224,220 5.80% 1998 ............................................ 0.50% 6,566 41.890019 275,050 10.97% 1997 ............................................ 0.50% 6,812 37.884780 258,071 26.90% Fidelity(R) VIP - Growth Portfolio: Initial Class 2001 ............................................ 0.50% 3,370 57.875878 195,042 -18.06% 2000 ............................................ 0.50% 4,686 70.634432 330,993 -11.42% 1999 ............................................ 0.50% 3,009 79.099308 238,010 36.75% 1998 ............................................ 0.50% 4,551 58.102055 264,422 38.67% 1997 ............................................ 0.50% 5,177 42.050483 217,695 22.31% Fidelity(R) VIP - High Income Portfolio: Initial Class 2001 ............................................ 0.50% 1,784 19.796324 35,317 -12.17% 2000 ............................................ 0.50% 1,862 22.540543 41,970 -22.86% 1999 ............................................ 0.50% 2,115 28.983767 61,301 7.62% 1998 ............................................ 0.50% 3,510 27.054068 94,960 -4.89% 1997 ............................................ 0.50% 3,493 28.548032 99,718 16.55%
(Continued) 55 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Fidelity(R) VIP - Overseas Portfolio: Initial Class 2001 ............................................ 0.50% 2,274 21.810922 49,598 -21.56% 2000 ............................................ 0.50% 2,500 27.806776 69,517 -19.51% 1999 ............................................ 0.50% 4,084 34.268141 139,951 41.92% 1998 ............................................ 0.50% 4,966 24.255551 120,453 12.09% 1997 ............................................ 0.50% 5,108 21.717871 110,935 10.50% Fidelity(R) VIP II - Asset Manager Portfolio: Initial Class 2001 ............................................ 0.50% 1,169 28.291882 33,073 -4.57% 2000 ............................................ 0.50% 1,178 29.647039 34,924 -4.41% 1999 ............................................ 0.50% 1,185 30.762893 36,454 10.54% 1998 ............................................ 0.50% 1,193 27.955691 33,351 14.38% 1997 ............................................ 0.50% 1,203 24.530415 29,510 19.51% Fidelity(R) VIP II - Contrafund Portfolio: Initial Class 1999 ............................................ 0.50% 677 25.968332 17,581 23.63% 1998 ............................................ 0.50% 684 21.098746 14,432 29.22% 1997 ............................................ 0.50% 3,331 16.387248 54,586 22.97% Fidelity(R) VIP III - Growth Opportunities Portfolio: Initial Class 2001 ............................................ 0.50% 1,210 9.889817 11,967 -14.85% 2000 ............................................ 0.50% 1,231 11.614608 14,298 -17.48% 1999 ............................................ 0.50% 1,477 13.960952 20,620 3.75% Nationwide(R) SAT - Capital Appreciation Fund Class I 1999 ............................................ 0.50% 1,979 32.388538 64,097 3.76% 1998 ............................................ 0.50% 2,354 31.356408 73,813 29.20% 1997 ............................................ 0.50% 2,373 24.356996 57,799 33.22% Nationwide(R) SAT - Government Bond Fund Class I 2001 ............................................ 0.50% 1,291 27.097613 34,983 6.72% 2000 ............................................ 0.50% 1,707 25.392104 43,344 11.98% 1999 ............................................ 0.50% 1,747 22.492327 39,294 -2.83% 1998 ............................................ 0.50% 1,481 23.252862 34,437 8.27% 1997 ............................................ 0.50% 2,159 21.554629 46,536 8.63% Nationwide(R) SAT - MAS Multi Sector Bond Fund Class I 2000 ............................................ 0.50% 259 10.458203 2,709 4.58% 5/1/00 Nationwide(R) SAT - Money Market Fund Class I 2001 ............................................ 0.50% 7,295 18.417013 134,352 3.08% 2000 ............................................ 0.50% 12,856 17.866283 229,689 5.50% 1999 ............................................ 0.50% 16,350 16.794246 274,586 4.32% 1998 ............................................ 0.50% 9,477 16.171326 153,256 4.67% 1997 ............................................ 0.50% 9,301 15.508767 144,247 4.26% Nationwide(R) SAT - Small Cap Value Fund Class I 2001 ............................................ 0.50% 16,203 15.403979 249,591 27.63% 2000 ............................................ 0.50% 5,781 12.068870 69,770 10.65% 1999 ............................................ 0.50% 2,201 10.825871 23,828 27.20% Nationwide(R) SAT - Small Company Fund Class I 2001 ............................................ 0.50% 749 23.371178 17,505 -7.17% 2000 ............................................ 0.50% 762 25.176901 19,185 8.36% 1999 ............................................ 0.50% 913 23.047417 21,042 43.30% 1997 ............................................ 0.50% 124 16.146794 2,002 16.24%
(Continued) 56
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Nationwide(R) SAT - Total Return Fund Class I 2001 ............................................ 0.50% 1,162 36.560512 42,483 -12.26% 2000 ............................................ 0.50% 1,319 41.669957 54,963 -2.61% 1999 ............................................ 0.50% 4,738 42.439374 201,078 6.41% 1998 ............................................ 0.50% 4,462 40.062865 178,761 17.38% 1997 ............................................ 0.50% 2,904 34.253930 99,473 28.21% Neuberger Berman AMT - Growth Portfolio 2001 ............................................ 0.50% 3,126 33.226236 103,865 -30.71% 2000 ............................................ 0.50% 3,192 47.952407 153,064 -12.09% 1999 ............................................ 0.50% 3,041 54.109841 164,548 49.65% 1998 ............................................ 0.50% 4,910 36.321304 178,338 14.85% 1997 ............................................ 0.50% 5,113 31.739871 162,286 27.79% Neuberger Berman AMT - Guardian Portfolio 1999 ............................................ 0.50% 561 10.593122 5,943 14.36% Neuberger Berman AMT - Limited Maturity Bond Portfolio 2001 ............................................ 0.50% 2,817 20.939856 58,988 8.24% 2000 ............................................ 0.50% 6,082 19.346478 117,665 6.25% 1999 ............................................ 0.50% 5,986 18.060558 108,111 0.97% 1998 ............................................ 0.50% 5,842 17.967444 104,966 3.78% 1997 ............................................ 0.50% 5,557 17.375997 96,558 5.73% Neuberger Berman AMT - Partners Portfolio 2000 ............................................ 0.50% 72 25.096849 1,807 0.20% 1997 ............................................ 0.50% 2,379 22.629887 53,837 30.01% Oppenheimer Bond Fund/VA 2001 ............................................ 0.50% 47 21.678723 1,019 7.25% 2000 ............................................ 0.50% 51 20.213946 1,031 5.57% Oppenheimer Capital Appreciation Fund/VA 2001 ............................................ 0.50% 8,487 15.672302 133,011 -13.02% 2000 ............................................ 0.50% 6,917 18.017261 124,625 -0.73% Oppenheimer Global Securities Fund/VA 2000 ............................................ 0.50% 2,118 30.445645 64,484 4.57% Strong Opportunity Fund II, Inc. ................... 2001 ............................................ 0.50% 3,831 41.000669 157,074 -4.19% 2000 ............................................ 0.50% 447 42.694690 19,085 6.07% 1999 ............................................ 0.50% 450 40.018322 18,008 34.23% 1998 ............................................ 0.50% 452 29.946506 13,536 12.88% 1997 ............................................ 0.50% 456 26.626359 12,142 24.27% UIF - Emerging Markets Debt Portfolio 2001 ............................................ 0.50% 1,244 10.935992 13,604 9.55% 2000 ............................................ 0.50% 1,265 9.982829 12,628 10.83% 1999 ............................................ 0.50% 1,518 8.934183 13,562 28.73% UIF - U.S. Real Estate Portfolio 2000 ............................................ 0.50% 3,074 19.442286 59,766 27.42% 1998 ............................................ 0.50% 4,103 15.812545 64,879 -12.14% 1997 ............................................ 0.50% 4,138 18.062622 74,743 20.33%
(Continued) 57 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Van Eck WIT - Worldwide Bond Fund 2001 ............................................ 0.50% 1,086 14.653212 15,913 -5.57% 2000 ............................................ 0.50% 1,105 15.517699 17,147 1.36% 1999 ............................................ 0.50% 1,325 15.185599 20,121 -8.28% 1998 ............................................ 0.50% 264 16.631673 4,391 12.09% 1997 ............................................ 0.50% 22 14.891060 328 1.42% Van Eck WIT - Worldwide Emerging Markets Fund 2000 ............................................ 0.50% 407 6.661531 2,711 -42.15% 1999 ............................................ 0.50% 6,267 11.423096 71,589 99.29% Van Eck WIT - Worldwide Hard Assets Fund 2001 ............................................ 0.50% 4 11.933986 48 -10.89% 2000 ............................................ 0.50% 5 13.393001 67 10.85% 1999 ............................................ 0.50% 10 11.984540 120 20.40% 1998 ............................................ 0.50% 5,479 9.998900 54,784 -31.37% 1997 ............................................ 0.50% 5,526 14.622970 80,807 -2.61% Multiple Payment contracts and Flexible Premium contracts: American Century VP - American Century VP Balanced 2001 ............................................ 0.80% 201,384 19.493759 3,925,731 -4.31% 2000 ............................................ 0.80% 204,099 20.372425 4,157,992 -3.42% 1999 ............................................ 0.80% 222,611 21.094348 4,695,834 9.18% 1998 ............................................ 0.80% 215,629 19.320541 4,166,069 14.85% 1997 ............................................ 0.80% 162,980 16.822481 2,741,728 14.88% American Century VP - American Century VP Capital Appreciation 2001 ............................................ 0.80% 735,263 17.987270 13,225,374 -28.64% 2000 ............................................ 0.80% 819,897 25.207415 20,667,484 8.17% 1999 ............................................ 0.80% 643,372 23.303640 14,992,909 63.21% 1998 ............................................ 0.80% 649,478 14.277913 9,273,190 -2.94% 1997 ............................................ 0.80% 655,176 14.709822 9,637,522 -4.03% American Century VP - American Century VP Income & Growth 2001 ............................................ 0.80% 322,604 10.252927 3,307,635 -9.09% 2000 ............................................ 0.80% 303,622 11.277817 3,424,193 -11.32% 1999 ............................................ 0.80% 235,223 12.717991 2,991,564 17.08% 1998 ............................................ 0.80% 73,815 10.862660 801,827 8.63% 5/1/98 American Century VP - American Century VP International 2001 ............................................ 0.80% 733,730 15.554724 11,412,968 -29.74% 2000 ............................................ 0.80% 754,646 22.139513 16,707,495 -17.49% 1999 ............................................ 0.80% 649,836 26.831062 17,435,790 62.74% 1998 ............................................ 0.80% 568,779 16.487231 9,377,591 17.81% 1997 ............................................ 0.80% 333,719 13.994328 4,670,173 17.69% American Century VP - American Century VP Value 2001 ............................................ 0.80% 499,070 17.020923 8,494,632 11.92% 2000 ............................................ 0.80% 323,587 15.208380 4,921,234 17.21% 1999 ............................................ 0.80% 156,791 12.975752 2,034,481 -1.64% 1998 ............................................ 0.80% 140,522 13.192098 1,853,780 3.98% 1997 ............................................ 0.80% 81,237 12.687534 1,030,697 25.08%
(Continued) 58
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Credit Suisse Trust - Global Post-Venture Capital Portfolio 2001 ............................................ 0.80% 135,156 11.150533 1,507,061 -29.21% 2000 ............................................ 0.80% 139,959 15.751152 2,204,515 -19.58% 1999 ............................................ 0.80% 123,907 19.586645 2,426,922 62.20% 1998 ............................................ 0.80% 64,081 12.075838 773,832 5.66% 1997 ............................................ 0.80% 44,199 11.428806 505,142 12.43% Credit Suisse Trust - International Equity Portfolio 2001 ............................................ 0.80% 503,048 10.194751 5,128,449 -22.90% 2000 ............................................ 0.80% 525,361 13.222451 6,946,560 -26.48% 1999 ............................................ 0.80% 555,966 17.985801 9,999,494 52.21% 1998 ............................................ 0.80% 579,078 11.816371 6,842,600 4.51% 1997 ............................................ 0.80% 651,598 11.306660 7,367,397 -3.04% Credit Suisse Trust - Small Cap Growth Portfolio 2001 ............................................ 0.80% 816,970 17.675000 14,439,945 -16.68% 2000 ............................................ 0.80% 942,509 21.214019 19,994,404 -18.76% 1999 ............................................ 0.80% 754,487 26.113570 19,702,349 67.73% 1998 ............................................ 0.80% 731,702 15.568525 11,391,521 -3.63% 1997 ............................................ 0.80% 712,489 16.154327 11,509,780 14.73% Dreyfus IP - European Equity Portfolio 2001 ............................................ 0.80% 9,248 6.633319 61,345 -28.71% 2000 ............................................ 0.80% 3,721 9.304097 34,621 -6.96% 5/1/00 The Dreyfus Socially Responsible Growth Fund, Inc. 2001 ............................................ 0.80% 479,262 24.776659 11,874,511 -23.20% 2000 ............................................ 0.80% 508,803 32.259560 16,413,761 -11.74% 1999 ............................................ 0.80% 450,901 36.549891 16,480,382 29.04% 1998 ............................................ 0.80% 359,871 28.323603 10,192,843 28.35% 1997 ............................................ 0.80% 275,028 22.067304 6,069,126 27.41% Dreyfus Stock Index Fund 2001 ............................................ 0.80% 2,735,378 26.351146 72,080,345 -12.88% 2000 ............................................ 0.80% 2,613,545 30.248565 79,055,986 -10.00% 1999 ............................................ 0.80% 2,592,791 33.609618 87,142,715 19.64% 1998 ............................................ 0.80% 2,166,290 28.091438 60,854,201 27.19% 1997 ............................................ 0.80% 1,577,410 22.086039 34,838,739 31.90% Dreyfus VIF - Appreciation Portfolio 2001 ............................................ 0.80% 358,763 12.938645 4,641,907 -10.04% 2000 ............................................ 0.80% 365,003 14.382034 5,249,486 -1.44% 1999 ............................................ 0.80% 404,377 14.591996 5,900,668 10.57% 1998 ............................................ 0.80% 257,361 13.197284 3,396,466 29.18% 1997 ............................................ 0.80% 33,449 10.216196 341,722 2.16% 7/14/97 Dreyfus VIF - Growth and Income Portfolio 2001 ............................................ 0.80% 162,195 13.204070 2,141,634 -6.60% 2000 ............................................ 0.80% 152,925 14.137245 2,161,938 -4.54% 1999 ............................................ 0.80% 138,815 14.810164 2,055,873 15.95% 1998 ............................................ 0.80% 125,274 12.772496 1,600,062 10.92% 1997 ............................................ 0.80% 74,022 11.514756 852,345 15.29%
(Continued) 59 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Fidelity(R) VIP - Equity-Income Portfolio: Initial Class 2001 ............................................ 0.80% 1,558,719 37.915521 59,099,643 -5.72% 2000 ............................................ 0.80% 1,556,185 40.214814 62,581,690 7.56% 1999 ............................................ 0.80% 1,750,754 37.388084 65,457,338 5.48% 1998 ............................................ 0.80% 1,726,955 35.444796 61,211,568 10.74% 1997 ............................................ 0.80% 1,533,661 32.007773 49,089,073 27.09% Fidelity(R) VIP - Growth Portfolio: Initial Class 2001 ............................................ 0.80% 2,474,278 40.327380 99,781,149 -18.31% 2000 ............................................ 0.80% 2,621,312 49.366480 129,404,946 -11.69% 1999 ............................................ 0.80% 2,613,902 55.899014 146,114,544 36.34% 1998 ............................................ 0.80% 2,346,630 40.998916 96,209,286 38.38% 1997 ............................................ 0.80% 2,133,432 29.627929 63,209,172 22.5% Fidelity(R) VIP - High Income Portfolio: Initial Class 2001 ............................................ 0.80% 653,854 18.882734 12,346,551 -12.44% 2000 ............................................ 0.80% 619,065 21.565326 13,350,339 -23.09% 1999 ............................................ 0.80% 672,537 28.039263 18,857,442 7.29% 1998 ............................................ 0.80% 737,225 26.133234 19,266,073 -5.09% 1997 ............................................ 0.80% 660,090 27.535006 18,175,582 16.73% Fidelity(R) VIP - Overseas Portfolio: Initial Class 2001 ............................................ 0.80% 814,381 16.843777 13,717,252 -21.80% 2000 ............................................ 0.80% 866,875 21.539183 18,671,779 -19.75% 1999 ............................................ 0.80% 863,446 26.840170 23,175,037 41.49% 1998 ............................................ 0.80% 871,214 18.969496 16,526,490 11.85% 1997 ............................................ 0.80% 801,447 16.959418 13,592,075 10.67% Fidelity(R) VIP II - Asset Manager Portfolio: Initial Class 2001 ............................................ 0.80% 808,651 24.805237 20,058,780 -4.86% 2000 ............................................ 0.80% 851,071 26.071970 22,189,098 -4.69% 1999 ............................................ 0.80% 917,098 27.355020 25,087,234 10.21% 1998 ............................................ 0.80% 961,754 24.821550 23,872,225 14.13% 1997 ............................................ 0.80% 930,767 21.747656 20,242,001 19.69% Fidelity(R) VIP II - Contrafund Portfolio: Initial Class 2001 ............................................ 0.80% 2,013,717 21.083066 42,455,328 -12.95% 2000 ............................................ 0.80% 2,107,468 24.218904 51,040,565 -7.36% 1999 ............................................ 0.80% 2,151,780 26.143948 56,256,024 23.26% 1998 ............................................ 0.80% 1,826,890 21.209617 38,747,637 28.94% 1997 ............................................ 0.80% 1,351,683 16.448700 22,233,428 23.15% Fidelity(R) VIP III - Growth Opportunities Portfolio: Initial Class 2001 ............................................ 0.80% 341,765 9.787292 3,344,954 -15.11% 2000 ............................................ 0.80% 358,453 11.528985 4,132,599 -17.72% 1999 ............................................ 0.80% 385,372 14.012663 5,400,088 3.44% 1998 ............................................ 0.80% 315,036 13.546531 4,267,645 23.62% 1997 ............................................ 0.80% 55,769 10.958018 611,118 9.58% 7/14/97 Janus AS - Capital Appreciation Portfolio - Service Shares 2001 ............................................ 0.80% 350,620 6.119334 2,145,561 -22.46% 2000 ............................................ 0.80% 297,781 7.891490 2,349,936 -21.09% 5/1/00 Janus AS - Global Technology Portfolio - Service Shares 2001 ............................................ 0.80% 346,031 4.192814 1,450,844 -37.82% 2000 ............................................ 0.80% 259,751 6.742955 1,751,489 -32.57% 5/1/00
(Continued) 60
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Janus AS - International Growth Portfolio - Service Shares 2001 ............................................ 0.80% 227,552 6.008001 1,367,133 -24.04% 2000 ............................................ 0.80% 174,672 7.909816 1,381,623 -20.90% 5/1/00 Nationwide(R) SAT - Capital Appreciation Fund Class I 2001 ............................................ 0.80% 950,129 17.022307 16,173,388 -28.71% 2000 ............................................ 0.80% 952,662 23.877962 22,747,627 -27.12% 1999 ............................................ 0.80% 1,104,444 32.761545 36,183,292 3.45% 1998 ............................................ 0.80% 1,058,148 31.669989 33,511,536 28.93% 1997 ............................................ 0.80% 755,171 24.563746 18,549,829 33.42% Nationwide(R) SAT - Dreyfus Mid Cap Index Fund Class I 2001 ............................................ 0.80% 246,977 10.242303 2,529,613 -2.10% 2000 ............................................ 0.80% 145,426 10.461575 1,521,385 4.62% 5/1/00 Nationwide(R) SAT - Gartmore Emerging Markets Fund Class I 2001 ............................................ 0.80% 23,612 8.178748 193,117 -5.94% 2000 ............................................ 0.80% 1,063 8.695491 9,243 -13.05% 10/2/00 Nationwide(R) SAT - Gartmore Global Technology & Communications Fund Class I 2001 ............................................ 0.80% 86,686 3.412440 295,811 -43.18% 2000 ............................................ 0.80% 46,652 6.005978 280,191 -39.94% 10/2/00 Nationwide(R) SAT - Gartmore International Growth Fund Class I 2001 ............................................ 0.80% 8,456 6.534130 55,253 -29.22% 2000 ............................................ 0.80% 453 9.231934 4,182 -7.68% 10/2/00 Nationwide(R) SAT - Government Bond Fund Class I 2001 ............................................ 0.80% 492,674 20.807253 10,251,193 6.40% 2000 ............................................ 0.80% 359,189 19.556523 7,024,488 11.65% 1999 ............................................ 0.80% 402,906 17.516435 7,057,477 -3.13% 1998 ............................................ 0.80% 414,068 18.081576 7,487,002 8.04% 1997 ............................................ 0.80% 237,476 16.735906 3,974,376 8.79% Nationwide(R) SAT - MAS Multi Sector Bond Fund Class I 2001 ............................................ 0.80% 55,247 10.787560 595,980 3.35% 2000 ............................................ 0.80% 3,000 10.437484 31,312 4.37% 5/1/00 Nationwide(R) SAT - Money Market Fund Class I 2001 ............................................ 0.80% 1,991,692 14.974957 29,825,502 2.77% 2000 ............................................ 0.80% 2,268,467 14.571330 33,054,581 5.18% 1999 ............................................ 0.80% 2,312,418 13.853330 32,034,690 4.01% 1998 ............................................ 0.80% 1,953,963 13.319323 26,025,464 4.43% 1997 ............................................ 0.80% 1,823,184 12.754301 23,253,438 4.42% Nationwide(R) SAT - Small Cap Growth Fund Class I 2001 ............................................ 0.80% 146,635 7.143137 1,047,434 -11.55% 2000 ............................................ 0.80% 85,563 8.076240 691,027 -19.24% 5/1/00 Nationwide(R) SAT - Small Cap Value Fund Class I 2001 ............................................ 0.80% 679,631 15.235359 10,354,422 27.25% 2000 ............................................ 0.80% 275,697 11.972833 3,300,874 10.32% 1999 ............................................ 0.80% 165,130 10.852975 1,792,152 26.82% 1998 ............................................ 0.80% 50,840 8.557853 435,081 -14.42% 5/1/98 Nationwide(R) SAT - Small Company Fund Class I 2001 ............................................ 0.80% 928,089 23.188796 21,521,266 -7.45% 2000 ............................................ 0.80% 998,068 25.056031 25,007,623 8.03% 1999 ............................................ 0.80% 907,754 23.192622 21,053,195 42.87% 1998 ............................................ 0.80% 879,309 16.233001 14,273,824 0.02% 1997 ............................................ 0.80% 690,077 16.199871 11,179,158 16.41%
(Continued) 61 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Nationwide(R) SAT - Strong Mid Cap Growth Fund Class I 2001 ............................................ 0.80% 146,210 5.605279 819,548 -30.87% 2000 ............................................ 0.80% 76,685 8.108035 621,765 -18.92% 5/1/00 Nationwide(R) SAT - Total Return Fund Class I 2001 ............................................ 0.80% 2,295,929 29.801440 68,421,990 -12.53% 2000 ............................................ 0.80% 2,359,054 34.069071 80,370,778 -2.90% 1999 ............................................ 0.80% 2,622,351 35.085217 92,005,754 6.09% 1998 ............................................ 0.80% 2,650,483 33.070880 87,653,805 17.13% 1997 ............................................ 0.80% 2,342,232 28.233403 66,129,180 28.40% Nationwide(R) SAT - Turner Growth Focus Fund Class I 2001 ............................................ 0.80% 50,607 3.829622 193,806 -39.52% 2000 ............................................ 0.80% 7,806 6.332010 49,428 -36.68% Neuberger Berman AMT - Balanced Portfolio 2001 ............................................ 0.80% 636 22.433930 14,268 -3.34% 6/15/01 Neuberger Berman AMT - Growth Portfolio 2001 ............................................ 0.80% 800,152 22.896752 18,320,882 -30.92% 2000 ............................................ 0.80% 793,907 33.145055 26,314,091 -12.36% 1999 ............................................ 0.80% 660,524 37.818375 24,979,944 49.20% 1998 ............................................ 0.80% 767,489 25.347646 19,454,039 14.61% 1997 ............................................ 0.80% 628,860 22.117203 13,908,624 27.98% Neuberger Berman AMT - Guardian Portfolio 2001 ............................................ 0.80% 196,852 10.409898 2,049,209 -2.30% 2000 ............................................ 0.80% 149,159 10.654639 1,589,235 0.33% 1999 ............................................ 0.80% 181,217 10.619652 1,924,461 14.02% 1998 ............................................ 0.80% 71,761 9.314041 668,385 -6.86% 5/1/98 Neuberger Berman AMT - Limited Maturity Bond Portfolio 2001 ............................................ 0.80% 178,198 17.101800 3,047,507 7.91% 2000 ............................................ 0.80% 141,846 15.848178 2,248,001 5.94% 1999 ............................................ 0.80% 203,409 14.959827 3,042,963 0.67% 1998 ............................................ 0.80% 195,748 14.860392 2,908,892 3.56% 1997 ............................................ 0.80% 178,356 14.349688 2,559,353 5.89% Neuberger Berman AMT - Partners Portfolio 2001 ............................................ 0.80% 777,174 24.119941 18,745,391 -3.61% 2000 ............................................ 0.80% 781,588 25.022294 19,557,125 -0.01% 1999 ............................................ 0.80% 1,008,241 25.046437 25,252,845 6.51% 1998 ............................................ 0.80% 1,151,452 23.514569 27,075,898 3.38% 1997 ............................................ 0.80% 928,663 22.746051 21,123,416 30.21% Oppenheimer Aggressive Growth Fund/VA 2001 ............................................ 0.80% 298,688 5.306432 1,584,968 -31.82% 2000 ............................................ 0.80% 313,898 7.782869 2,443,027 -22.17% 5/1/00 Oppenheimer Bond Fund/VA 2001 ............................................ 0.80% 499,632 19.904727 9,945,039 6.92% 2000 ............................................ 0.80% 480,377 18.615856 8,942,629 5.26% 1999 ............................................ 0.80% 520,266 17.686402 9,201,634 -2.30% 1998 ............................................ 0.80% 532,098 18.103341 9,632,752 5.95% 1997 ............................................ 0.80% 381,236 17.086434 6,513,964 8.38%
(Continued) 62
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Oppenheimer Capital Appreciation Fund/VA 2001 ............................................ 0.80% 859,711 15.509895 13,334,027 -13.28% 2000 ............................................ 0.80% 796,536 17.884539 14,245,679 -1.02% 1999 ............................................ 0.80% 535,283 18.069110 9,672,087 40.53% 1998 ............................................ 0.80% 342,717 12.857977 4,406,647 23.01% 1997 ............................................ 0.80% 40,779 10.452595 426,246 4.53% 7/14/97 Oppenheimer Global Securities Fund/VA 2001 ............................................ 0.80% 1,078,042 26.520512 28,590,226 -12.74% 2000 ............................................ 0.80% 1,096,887 30.393395 33,338,120 4.26% 1999 ............................................ 0.80% 1,018,848 29.152831 29,702,304 57.22% 1998 ............................................ 0.80% 980,014 18.542353 18,171,766 13.20% 1997 ............................................ 0.80% 855,620 16.380762 14,015,708 21.45% Oppenheimer Main Street Growth & Income Fund/VA 2001 ............................................ 0.80% 73,856 8.026816 592,829 -10.88% 2000 ............................................ 0.80% 33,482 9.006749 301,564 -9.93% 5/1/00 Oppenheimer Multiple Strategies Fund/VA 2001 ............................................ 0.80% 394,571 26.951432 10,634,253 1.40% 2000 ............................................ 0.80% 412,843 26.579650 10,973,222 5.59% 1999 ............................................ 0.80% 437,927 25.171538 11,023,296 10.91% 1998 ............................................ 0.80% 460,679 22.696024 10,455,582 5.80% 1997 ............................................ 0.80% 387,094 21.450954 8,303,536 16.29% Strong Opportunity Fund II, Inc. ................... 2001 ............................................ 0.80% 901,762 40.890795 36,873,765 -4.48% 2000 ............................................ 0.80% 877,807 42.709091 37,490,339 5.75% 1999 ............................................ 0.80% 898,106 40.478200 36,353,714 33.83% 1998 ............................................ 0.80% 874,006 30.245312 26,434,584 12.64% 1997 ............................................ 0.80% 791,884 26.851737 21,263,461 24.46% Strong VIF - Strong Discovery Fund II 2001 ............................................ 0.80% 269,121 21.646818 5,825,613 3.25% 2000 ............................................ 0.80% 271,144 20.965624 5,684,703 3.57% 1999 ............................................ 0.80% 296,260 20.243703 5,997,399 4.25% 1998 ............................................ 0.80% 360,468 19.418031 6,999,579 6.41% 1997 ............................................ 0.80% 337,867 18.249145 6,165,784 10.50% Strong VIF - Strong International Stock Fund II 2001 ............................................ 0.80% 213,256 7.816872 1,666,995 -22.76% 2000 ............................................ 0.80% 210,636 10.120684 2,131,780 -40.00% 1999 ............................................ 0.80% 219,407 16.868902 3,701,155 85.71% 1998 ............................................ 0.80% 149,776 9.083353 1,360,468 -5.54% 1997 ............................................ 0.80% 140,532 9.615755 1,351,321 -14.21% UIF - Emerging Markets Debt Portfolio 2001 ............................................ 0.80% 74,719 10.822665 808,659 9.22% 2000 ............................................ 0.80% 62,323 9.909218 617,572 10.50% 1999 ............................................ 0.80% 43,728 8.967304 392,122 28.35% 1998 ............................................ 0.80% 34,905 6.986851 243,876 -28.95% 1997 ............................................ 0.80% 16,674 9.833749 163,968 -1.66% 7/14/97
(Continued) 63 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- UIF - U.S. Real Estate Portfolio 2001 ............................................ 0.80% 313,717 21.092541 6,617,089 8.96% 2000 ............................................ 0.80% 277,285 19.357784 5,367,623 27.04% 1999 ............................................ 0.80% 246,788 15.237208 3,760,360 -4.14% 1998 ............................................ 0.80% 287,075 15.895654 4,563,245 -12.33% 1997 ............................................ 0.80% 275,704 18.130321 4,998,602 20.51% Van Eck WIT - Worldwide Bond Fund 2001 ............................................ 0.80% 120,008 13.323421 1,598,917 -5.86% 2000 ............................................ 0.80% 123,195 14.152095 1,743,467 1.06% 1999 ............................................ 0.80% 143,676 14.003753 2,012,003 -8.56% 1998 ............................................ 0.80% 154,980 15.314274 2,373,406 11.86% 1997 ............................................ 0.80% 121,423 13.690999 1,662,402 1.57% Van Eck WIT - Worldwide Emerging Markets Fund 2001 ............................................ 0.80% 444,368 6.445985 2,864,389 -2.60% 2000 ............................................ 0.80% 443,771 6.617911 2,936,837 -42.33% 1999 ............................................ 0.80% 576,742 11.474995 6,618,112 98.69% 1998 ............................................ 0.80% 253,188 5.775322 1,462,242 -34.66% 1997 ............................................ 0.80% 222,956 8.838307 1,970,554 -12.31% Van Eck WIT - Worldwide Hard Assets Fund 2001 ............................................ 0.80% 176,699 14.394010 2,543,407 -11.16% 2000 ............................................ 0.80% 186,255 16.202639 3,017,823 10.52% 1999 ............................................ 0.80% 206,979 14.660562 3,034,428 20.04% 1998 ............................................ 0.80% 206,325 12.213208 2,519,890 -31.52% 1997 ............................................ 0.80% 212,577 17.834480 3,791,200 -2.46% Single Premium contracts issued on or after April 16, 1990: American Century VP - American Century VP Balanced 2001 ............................................ 1.30% 27,610 18.571841 512,769 -4.79% 2000 ............................................ 1.30% 29,587 19.506844 577,149 -3.90% 1999 ............................................ 1.30% 36,043 20.298769 731,629 8.64% 1998 ............................................ 1.30% 43,205 18.685028 807,287 14.28% 1997 ............................................ 1.30% 38,245 16.350628 625,330 14.31% American Century VP - American Century VP Capital Appreciation 2001 ............................................ 1.30% 93,041 18.500029 1,721,261 -29.00% 2000 ............................................ 1.30% 156,838 26.057031 4,086,733 7.63% 1999 ............................................ 1.30% 134,822 24.209204 3,263,933 62.40% 1998 ............................................ 1.30% 113,249 14.906965 1,688,199 -3.42% 1997 ............................................ 1.30% 129,674 15.434921 2,001,508 -4.51% American Century VP - American Century VP Income & Growth 2001 ............................................ 1.30% 40,468 10.066594 407,375 -9.54% 2000 ............................................ 1.30% 48,794 11.128733 543,015 -11.76% 1999 ............................................ 1.30% 53,220 12.612413 671,233 16.50% 1998 ............................................ 1.30% 18,703 10.826437 202,487 8.26% 5/1/98 American Century VP - American Century VP International 2001 ............................................ 1.30% 105,515 14.988556 1,581,517 -30.10% 2000 ............................................ 1.30% 126,911 21.441430 2,721,153 -17.90% 1999 ............................................ 1.30% 162,982 26.114709 4,256,228 61.93% 1998 ............................................ 1.30% 168,629 16.127264 2,719,524 17.23% 1997 ............................................ 1.30% 109,065 13.757328 1,500,443 17.10%
(Continued) 64
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- American Century VP - American Century VP Value 2001 ............................................ 1.30% 123,905 16.598988 2,056,698 11.36% 2000 ............................................ 1.30% 57,614 14.906133 858,802 16.63% 1999 ............................................ 1.30% 26,781 12.781220 342,294 -2.13% 1998 ............................................ 1.30% 25,086 13.059452 327,609 3.46% 1997 ............................................ 1.30% 36,293 12.622928 458,124 24.45% Credit Suisse Trust - Global Post-Venture Capital Portfolio 2001 ............................................ 1.30% 7,002 10.873870 76,139 -29.56% 2000 ............................................ 1.30% 11,974 15.438040 184,855 -19.98% 1999 ............................................ 1.30% 88,739 19.293144 1,712,054 61.39% 1998 ............................................ 1.30% 23,108 11.954408 276,242 5.13% 1997 ............................................ 1.30% 20,440 11.370593 232,415 11.87% Credit Suisse Trust - International Equity Portfolio 2001 ............................................ 1.30% 55,979 9.868857 552,449 -23.29% 2000 ............................................ 1.30% 66,083 12.864457 850,122 -26.85% 1999 ............................................ 1.30% 81,838 17.586224 1,439,221 51.45% 1998 ............................................ 1.30% 92,476 11.611647 1,073,799 3.99% 1997 ............................................ 1.30% 134,117 11.166430 1,497,608 -3.52% Credit Suisse Trust - Small Cap Growth Portfolio 2001 ............................................ 1.30% 82,230 17.109846 1,406,943 -17.10% 2000 ............................................ 1.30% 118,070 20.639565 2,436,913 -19.17% 1999 ............................................ 1.30% 114,996 25.533360 2,936,234 66.90% 1998 ............................................ 1.30% 152,727 15.298780 2,336,537 -4.11% 1997 ............................................ 1.30% 175,452 15.954033 2,799,167 14.16% Dreyfus IP - European Equity Portfolio 2001 ............................................ 1.30% 2,993 6.578172 19,688 -29.06% 2000 ............................................ 1.30% 5,683 9.273374 52,701 -7.27% 5/1/00 The Dreyfus Socially Responsible Growth Fund, Inc. . 2001 ............................................ 1.30% 22,613 23.777410 537,679 -23.58% 2000 ............................................ 1.30% 33,067 31.114958 1,028,878 -12.18% 1999 ............................................ 1.30% 31,488 35.428815 1,115,583 28.40% 1998 ............................................ 1.30% 27,695 27.592332 764,170 27.71% 1997 ............................................ 1.30% 27,923 21.605205 603,282 26.78% Dreyfus Stock Index Fund 2001 ............................................ 1.30% 215,776 25.286872 5,456,300 -13.32% 2000 ............................................ 1.30% 248,888 29.173405 7,260,910 -10.45% 1999 ............................................ 1.30% 315,343 32.576553 10,272,788 19.05% 1998 ............................................ 1.30% 326,895 27.364353 8,945,270 26.56% 1997 ............................................ 1.30% 252,267 21.622115 5,454,546 31.24% Dreyfus VIF - Appreciation Portfolio 2001 ............................................ 1.30% 80,268 12.653068 1,015,636 -10.49% 2000 ............................................ 1.30% 69,804 14.135555 986,718 -1.93% 1999 ............................................ 1.30% 81,279 14.413356 1,171,503 10.02% 1998 ............................................ 1.30% 62,982 13.101026 825,129 28.54% 1997 ............................................ 1.30% 8,365 10.192453 85,260 1.92% 7/14/97
(Continued) 65 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Dreyfus VIF - Growth and Income Portfolio 2001 ............................................ 1.30% 12,109 12.876695 155,924 -7.07% 2000 ............................................ 1.30% 16,818 13.856323 233,036 -5.02% 1999 ............................................ 1.30% 9,941 14.588194 145,021 15.38% 1998 ............................................ 1.30% 14,240 12.644103 180,052 10.37% 1997 ............................................ 1.30% 11,510 11.456116 131,860 14.71% Fidelity(R) VIP - Equity-Income Portfolio: Initial Class 2001 ............................................ 1.30% 292,636 35.855591 10,492,637 -6.19% 2000 ............................................ 1.30% 304,863 38.221825 11,652,420 7.03% 1999 ............................................ 1.30% 395,355 35.712129 14,118,969 4.96% 1998 ............................................ 1.30% 456,214 34.025630 15,522,969 10.19% 1997 ............................................ 1.30% 525,933 30.880183 16,240,907 26.45% Fidelity(R) VIP - Growth Portfolio: Initial Class 2001 ............................................ 1.30% 283,815 38.662344 10,972,953 -18.72% 2000 ............................................ 1.30% 342,658 47.567395 16,299,348 -12.12% 1999 ............................................ 1.30% 355,884 54.130524 19,264,187 35.66% 1998 ............................................ 1.30% 376,885 39.900577 15,037,929 37.69% 1997 ............................................ 1.30% 325,852 28.978553 9,442,719 21.89% Fidelity(R) VIP - High Income Portfolio: Initial Class 2001 ............................................ 1.30% 93,229 19.673202 1,834,113 -12.88% 2000 ............................................ 1.30% 100,049 22.581448 2,259,251 -23.47% 1999 ............................................ 1.30% 105,520 29.506936 3,113,572 6.76% 1998 ............................................ 1.30% 144,326 27.638937 3,989,017 -5.56% 1997 ............................................ 1.30% 160,493 29.267460 4,697,222 16.15% Fidelity(R) VIP - Overseas Portfolio: Initial Class 2001 ............................................ 1.30% 150,144 15.174561 2,278,369 -22.19% 2000 ............................................ 1.30% 168,125 19.502680 3,278,888 -20.15% 1999 ............................................ 1.30% 213,601 24.423718 5,216,931 40.79% 1998 ............................................ 1.30% 248,471 17.348011 4,310,478 11.29% 1997 ............................................ 1.30% 310,985 15.587449 4,847,463 10.11% Fidelity(R) VIP II - Asset Manager Portfolio: Initial Class 2001 ............................................ 1.30% 187,390 26.691052 5,001,636 -5.34% 2000 ............................................ 1.30% 201,334 28.195602 5,676,733 -5.16% 1999 ............................................ 1.30% 211,956 29.730624 6,301,584 9.66% 1998 ............................................ 1.30% 253,412 27.112311 6,870,585 13.57% 1997 ............................................ 1.30% 293,986 23.873730 7,018,542 19.09% Fidelity(R) VIP II - Contrafund Portfolio: Initial Class 2001 ............................................ 1.30% 215,185 20.409441 4,391,806 -13.39% 2000 ............................................ 1.30% 250,535 23.563410 5,903,459 -7.82% 1999 ............................................ 1.30% 290,335 25.563198 7,421,891 22.65% 1998 ............................................ 1.30% 275,660 20.842351 5,745,402 28.30% 1997 ............................................ 1.30% 257,262 16.244815 4,179,174 22.54% Fidelity(R) VIP III - Growth Opportunities Portfolio: Initial Class 2001 ............................................ 1.30% 17,924 9.571123 171,553 -15.53% 2000 ............................................ 1.30% 19,392 11.331281 219,736 -18.13% 1999 ............................................ 1.30% 21,868 13.841079 302,677 2.93% 1998 ............................................ 1.30% 64,568 13.447707 868,292 23.01% 1997 ............................................ 1.30% 31,619 10.932562 345,677 9.33% 7/14/97
(Continued) 66
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Janus AS - Capital Appreciation Portfolio - Service Shares 2001 ............................................ 1.30% 15,561 6.068452 94,431 -22.85% 2000 ............................................ 1.30% 22,133 7.865419 174,085 -21.35% 5/1/00 Janus AS - Global Technology Portfolio - Service Shares 2001 ............................................ 1.30% 44,468 4.157888 184,893 -38.13% 2000 ............................................ 1.30% 52,739 6.720656 354,441 -32.79% 5/1/00 Janus AS - International Growth Portfolio - Service Shares 2001 ............................................ 1.30% 59,476 5.958051 354,361 -24.43% 2000 ............................................ 1.30% 72,749 7.883682 573,530 -21.16% 5/1/00 Nationwide(R) SAT - Capital Appreciation Fund Class I 2001 ............................................ 1.30% 37,694 16.217110 611,288 -29.07% 2000 ............................................ 1.30% 45,948 22.863519 1,050,533 -27.48% 1999 ............................................ 1.30% 62,075 31.526314 1,956,996 2.93% 1998 ............................................ 1.30% 113,664 30.628674 3,481,378 28.29% 1997 ............................................ 1.30% 71,279 23.875030 1,701,788 32.76% Nationwide(R) SAT - Dreyfus Mid Cap Index Fund Class I 2001 ............................................ 1.30% 41,031 10.157238 416,762 -2.59% 2000 ............................................ 1.30% 10,564 10.427067 110,152 4.27% 5/1/00 Nationwide(R) SAT - Gartmore Emerging Markets Fund Class I 2001 ............................................ 1.30% 1,128 8.127810 9,168 -6.42% Nationwide(R) SAT - Gartmore Global Technology & Communications Fund Class I 2001 ............................................ 1.30% 13,394 3.391119 45,421 -43.47% 2000 ............................................ 1.30% 18,398 5.998698 110,364 -40.01% 10/2/00 Nationwide(R) SAT - Government Bond Fund Class I 2001 ............................................ 1.30% 253,883 21.700608 5,509,415 5.86% 2000 ............................................ 1.30% 188,357 20.498919 3,861,115 11.09% 1999 ............................................ 1.30% 240,383 18.452016 4,435,551 -3.61% 1998 ............................................ 1.30% 274,184 19.142839 5,248,660 7.50% 1997 ............................................ 1.30% 255,535 17.806978 4,550,306 8.25% Nationwide(R) SAT - MAS Multi Sector Bond Fund Class I 2001 ............................................ 1.30% 269 10.698042 2,878 2.84% 2000 ............................................ 1.30% 1,928 10.403041 20,057 4.03% 5/1/00 Nationwide(R) SAT - Money Market Fund Class I 2001 ............................................ 1.30% 788,057 14.917365 11,755,734 2.25% 2000 ............................................ 1.30% 857,846 14.589227 12,515,310 4.66% 1999 ............................................ 1.30% 1,082,615 13.940225 15,091,897 3.49% 1998 ............................................ 1.30% 814,530 13.470763 10,972,341 3.90% 1997 ............................................ 1.30% 1,051,590 12.964662 13,633,509 3.89% Nationwide(R) SAT - Small Cap Growth Fund Class I 2001 ............................................ 1.30% 10,664 7.083730 75,541 -12.00% 2000 ............................................ 1.30% 3,122 8.049546 25,131 -29.07% 5/1/00 Nationwide(R) SAT - Small Cap Value Fund Class I 2001 ............................................ 1.30% 193,975 14.958425 2,901,560 26.61% 2000 ............................................ 1.30% 236,917 11.814503 2,799,057 9.77% 1999 ............................................ 1.30% 23,585 10.762831 253,841 26.19% 1998 ............................................ 1.30% 28,961 8.529271 247,016 -14.71% 5/1/98
(Continued) 67 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Nationwide(R) SAT - Small Company Fund Class I 2001 ............................................ 1.30% 42,033 22.482240 944,996 -7.92% 2000 ............................................ 1.30% 74,796 24.415235 1,826,162 7.50% 1999 ............................................ 1.30% 66,890 22.712185 1,519,218 42.16% 1998 ............................................ 1.30% 68,318 15.976308 1,091,469 -0.30% 1997 ............................................ 1.30% 79,580 16.023638 1,275,161 15.83% Nationwide(R) SAT - Strong Mid Cap Growth Fund Class I 2001 ............................................ 1.30% 3,579 5.558609 19,894 -31.22% 2000 ............................................ 1.30% 9,148 8.081237 73,927 -19.19% 5/1/00 Nationwide(R) SAT - Total Return Fund Class I 2001 ............................................ 1.30% 91,363 30.449581 2,781,965 -12.97% 2000 ............................................ 1.30% 103,521 34.985736 3,621,758 -3.38% 1999 ............................................ 1.30% 115,322 36.208762 4,175,667 5.56% 1998 ............................................ 1.30% 136,311 34.300994 4,675,603 16.55% 1997 ............................................ 1.30% 149,445 29.430261 4,398,205 27.76% Nationwide(R) SAT - Turner Growth Focus Fund Class I 2001 ............................................ 1.30% 2,633 3.805692 10,020 -39.82% Neuberger Berman AMT - Growth Portfolio 2001 ............................................ 1.30% 116,532 22.639891 2,638,272 -31.27% 2000 ............................................ 1.30% 110,577 32.939123 3,642,309 -12.79% 1999 ............................................ 1.30% 97,552 37.771042 3,684,641 48.46% 1998 ............................................ 1.30% 136,629 25.442656 3,476,205 14.03% 1997 ............................................ 1.30% 135,697 22.311330 3,027,581 27.34% Neuberger Berman AMT - Guardian Portfolio 2001 ............................................ 1.30% 7,490 10.220670 76,553 -2.79% 2000 ............................................ 1.30% 4,316 10.513749 45,377 -0.17% 1999 ............................................ 1.30% 2,945 10.531438 31,015 13.45% 1998 ............................................ 1.30% 4,760 9.282948 44,187 -7.17% 5/1/98 Neuberger Berman AMT - Limited Maturity Bond Portfolio 2001 ............................................ 1.30% 64,208 17.341018 1,113,432 7.37% 2000 ............................................ 1.30% 55,938 16.150810 903,444 5.41% 1999 ............................................ 1.30% 58,827 15.321478 901,317 0.17% 1998 ............................................ 1.30% 76,004 15.295923 1,162,551 3.04% 1997 ............................................ 1.30% 169,876 14.844266 2,521,685 5.36% Neuberger Berman AMT - Partners Portfolio 2001 ............................................ 1.30% 58,929 23.242157 1,369,637 -4.09% 2000 ............................................ 1.30% 56,278 24.233377 1,363,806 -0.59% 1999 ............................................ 1.30% 69,118 24.377639 1,684,934 5.98% 1998 ............................................ 1.30% 176,971 23.001381 4,070,577 2.86% 1997 ............................................ 1.30% 233,445 22.361130 5,220,094 29.56% Oppenheimer Aggressive Growth Fund/VA 2001 ............................................ 1.30% 12,032 5.262277 63,316 -32.16% 2000 ............................................ 1.30% 25,730 7.757136 199,591 -22.43% 5/1/00 Oppenheimer Bond Fund/VA 2001 ............................................ 1.30% 71,479 20.452013 1,461,889 6.39% 2000 ............................................ 1.30% 57,658 19.224081 1,108,422 4.73% 1999 ............................................ 1.30% 70,351 18.355321 1,291,315 -2.79% 1998 ............................................ 1.30% 84,868 18.882225 1,602,497 5.42% 1997 ............................................ 1.30% 89,920 17.910876 1,610,546 7.84%
(Continued) 68
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- Oppenheimer Capital Appreciation Fund/VA 2001 ............................................ 1.30% 89,005 15.167382 1,349,973 -13.71% 2000 ............................................ 1.30% 91,772 17.577949 1,613,164 -1.51% 1999 ............................................ 1.30% 60,384 17.847892 1,077,727 39.83% 1998 ............................................ 1.30% 26,155 12.764150 333,846 22.40% 1997 ............................................ 1.30% 10,788 10.428297 112,500 4.28% 7/14/97 Oppenheimer Global Securities Fund/VA 2001 ............................................ 1.30% 89,126 25.449092 2,268,176 -13.18% 2000 ............................................ 1.30% 103,662 29.312842 3,038,628 3.74% 1999 ............................................ 1.30% 99,036 28.256521 2,798,413 56.44% 1998 ............................................ 1.30% 88,848 18.062180 1,604,789 12.63% 1997 ............................................ 1.30% 113,733 16.036486 1,823,878 20.84% Oppenheimer Main Street Growth & Income Fund/VA 2001 ............................................ 1.30% 11,244 7.960162 89,504 -11.33% 2000 ............................................ 1.30% 3,017 8.977032 27,084 -10.23% 5/1/00 Oppenheimer Multiple Strategies Fund/VA 2001 ............................................ 1.30% 95,325 26.649037 2,540,319 0.89% 2000 ............................................ 1.30% 102,256 26.413991 2,700,989 5.07% 1999 ............................................ 1.30% 106,259 25.139330 2,671,280 10.35% 1998 ............................................ 1.30% 110,357 22.780548 2,513,993 5.28% 1997 ............................................ 1.30% 152,543 21.638756 3,300,841 15.71% Strong Opportunity Fund II, Inc. 2001 ............................................ 1.30% 99,955 38.960989 3,894,346 -4.95% 2000 ............................................ 1.30% 101,232 40.898881 4,140,276 5.23% 1999 ............................................ 1.30% 102,073 38.955700 3,976,325 33.17% 1998 ............................................ 1.30% 111,969 29.253391 3,275,473 12.08% 1997 ............................................ 1.30% 132,285 26.101254 3,452,804 23.83% Strong VIF - Strong Discovery Fund II 2001 ............................................ 1.30% 35,961 20.624646 741,683 2.73% 2000 ............................................ 1.30% 29,577 20.076460 593,801 3.05% 1999 ............................................ 1.30% 32,996 19.481837 642,823 3.73% 1998 ............................................ 1.30% 58,970 18.780910 1,107,510 5.87% 1997 ............................................ 1.30% 68,152 17.738866 1,208,939 9.95% Strong VIF - Strong International Stock Fund II 2001 ............................................ 1.30% 28,858 7.578594 218,703 -23.15% 2000 ............................................ 1.30% 77,557 9.861771 764,849 -40.30% 1999 ............................................ 1.30% 142,490 16.519505 2,353,864 84.79% 1998 ............................................ 1.30% 35,834 8.939643 320,343 -6.01% 1997 ............................................ 1.30% 40,251 9.511045 382,829 -14.64% UIF - Emerging Markets Debt Portfolio 2001 ............................................ 1.30% 7,324 10.583651 77,515 8.67% 2000 ............................................ 1.30% 9,551 9.739230 93,019 9.96% 1999 ............................................ 1.30% 6,540 8.857388 57,927 27.71% 1998 ............................................ 1.30% 7,315 6.935753 50,735 -29.31% 1997 ............................................ 1.30% 5,443 9.810873 53,401 -1.89% 7/14/97
(Continued) 69 NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS, CONTINUED
CONTRACT CONTRACT EXPENSE UNIT OWNERS' TOTAL RATE* UNITS FAIR VALUE EQUITY RETURN** -------- ----- ---------- -------- -------- UIF - U.S. Real Estate Portfolio 2001 ............................................ 1.30% 53,253 20.418602 1,087,352 8.41% 2000 ............................................ 1.30% 50,123 18.833757 944,004 26.41% 1999 ............................................ 1.30% 39,678 14.898574 591,146 -4.62% 1998 ............................................ 1.30% 67,042 15.620311 1,047,217 -12.76% 1997 ............................................ 1.30% 98,406 17.905659 1,762,024 19.91% Van Eck WIT - Worldwide Bond Fund 2001 ............................................ 1.30% 33,122 13.823940 457,877 -6.33% 2000 ............................................ 1.30% 31,281 14.757769 461,638 0.56% 1999 ............................................ 1.30% 34,273 14.675886 502,987 -9.01% 1998 ............................................ 1.30% 56,294 16.129801 908,011 11.30% 1997 ............................................ 1.30% 45,566 14.492332 660,358 1.07% Van Eck WIT - Worldwide Emerging Markets Fund 2001 ............................................ 1.30% 34,168 6.285993 214,780 -3.09% 2000 ............................................ 1.30% 37,709 6.486254 244,590 -42.61% 1999 ............................................ 1.30% 123,914 11.302972 1,400,596 97.70% 1998 ............................................ 1.30% 25,018 5.717162 143,032 -34.98% 1997 ............................................ 1.30% 35,382 8.793232 311,122 -12.75% Van Eck WIT - Worldwide Hard Assets Fund 2001 ............................................ 1.30% 38,241 12.731937 486,882 -11.61% 2000 ............................................ 1.30% 57,160 14.404038 823,335 9.97% 1999 ............................................ 1.30% 71,735 13.098076 939,590 19.44% 1998 ............................................ 1.30% 128,220 10.966233 1,406,090 -31.86% 1997 ............................................ 1.30% 142,782 16.093994 2,297,933 -2.95% -------------- Total Contract Owners' Equity by Year 2001..................................................................................... $ 933,404,977 ============== 2000..................................................................................... $1,071,884,297 ============== 1999..................................................................................... $1,144,615,392 ============== 1998..................................................................................... $ 894,156,479 ============== 1997..................................................................................... $ 658,587,322 ==============
* This represents the annualized contract expense rate of the variable account for the period indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying fund portfolios and charges made directly to contract owner accounts through the redemption of units. ** This represents the total return for the period indicated and includes a deduction only for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction of the total return presented. Investment options with a date notation indicate the effective date of that investment option in the Account. The total return is calculated for the period indicated or from the effective date through the end of the period. 70 Independent Auditors' Report The Board of Directors of Nationwide Life Insurance Company and Contract Owners of Nationwide VLI Separate Account-2: We have audited the accompanying statement of assets, liabilities and contract owners' equity of Nationwide VLI Separate Account-2 (comprised of the sub-accounts listed in note 1(b)) (collectively, "the Account") as of December 31, 2001, and the related statements of operations and changes in contract owners' equity, and the financial highlights for each of the periods indicated herein. These financial statements and financial highlights are the responsibility of the Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We conducted our audits in accordance with 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 and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2001, by correspondence with the transfer agents of the underlying mutual funds. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Account as of December 31, 2001, and the results of its operations, changes in contract owners' equity, and financial highlights for each of the periods indicated herein, in conformity with accounting principles generally accepted in the United States of America. KPMG LLP Columbus, Ohio February 20, 2002 71 NATIONWIDE LIFE INSURANCE COMPANY HOME OFFICE: ONE NATIONWIDE PLAZA - COLUMBUS, OHIO 43215-2220 Bulk Rate U.S. Postage P A I D Columbus, Ohio Permit No. 521 Nationwide(R) is a registered federal service mark of Nationwide Mutual Insurance Company