NATIONWIDE

VLI SEPARATE

ACCOUNT-2

Annual Report

to

Contract Owners

December 31, 2012

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and Subsidiaries 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 Accounts”)) as of December 31, 2012, and the related statements of operations for the period then ended, the statements of changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Accounts’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2012, 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 Accounts as of December 31, 2012, the results of their operations for the period then ended, the changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Columbus, Ohio

March 13, 2013

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012

Assets:
Investments at fair value:
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
	430 shares (cost $4,291)	$	4,529
Global Allocation V.I. Fund - Class II (MLVGA2)
	212,487 shares (cost $3,401,100)		3,414,664
Stock Index Fund, Inc. - Initial Shares (DSIF)
	1,272,922 shares (cost $35,885,782)		40,555,287
The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)
	175,336 shares (cost $4,483,601)		5,828,168
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
	527 shares (cost $5,448)		5,464
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
	43,441 shares (cost $171,526)		170,288
Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)
	53,309 shares (cost $1,547,300)		1,515,053
Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)
	94,421 shares (cost $3,265,932)		3,803,296
Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)
	241,877 shares (cost $1,374,774)		1,489,962
Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)
	133,306 shares (cost $5,411,545)		4,936,334
Investors Growth Stock Series - Initial Class (MIGIC)
	15,374 shares (cost $158,196)		187,712
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
	2,393 shares (cost $36,544)		37,615
Value Series - Initial Class (MVFIC)
	109,452 shares (cost $1,345,406)		1,576,104
Core Plus Fixed Income Portfolio - Class I (MSVFI)
	31,065 shares (cost $323,070)		330,527
Emerging Markets Debt Portfolio - Class I (MSEM)
	189,367 shares (cost $1,619,099)		1,802,776
U.S. Real Estate Portfolio - Class I (MSVRE)
	119,962 shares (cost $1,626,909)		1,870,203
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
	453,680 shares (cost $6,376,551)		6,923,153
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
	70,119 shares (cost $1,166,931)		1,381,345
American Funds NVIT Bond Fund - Class II (GVABD2)
	81,108 shares (cost $839,524)		951,396
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
	61,635 shares (cost $1,307,509)		1,463,833
American Funds NVIT Growth Fund - Class II (GVAGR2)
	26,997 shares (cost $1,338,945)		1,632,233
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
	18,168 shares (cost $623,215)		751,620
Federated NVIT High Income Bond Fund - Class I (HIBF)
	15,400 shares (cost $105,880)		106,263
Federated NVIT High Income Bond Fund - Class III (HIBF3)
	249,900 shares (cost $1,702,996)		1,724,307
NVIT Emerging Markets Fund - Class I (GEM)
	82,970 shares (cost $953,770)		983,197
NVIT Emerging Markets Fund - Class III (GEM3)
	221,485 shares (cost $2,420,607)		2,620,163

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012

NVIT International Equity Fund - Class I (GIG)
	67,046 shares (cost $519,564)	614,810
NVIT International Equity Fund - Class III (GIG3)
	390,221 shares (cost $2,921,214)	3,582,226
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
	1,390,887 shares (cost $10,900,418)	11,599,997
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
	8,402 shares (cost $88,627)	92,005
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
	17,825 shares (cost $158,526)	159,179
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
	22,041 shares (cost $227,408)	238,046
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
	48,063 shares (cost $455,437)	505,623
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
	141,615 shares (cost $1,471,109)	1,515,284
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
	96,097 shares (cost $916,644)	1,023,430
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
	48,343 shares (cost $448,552)	489,717
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
	32,304 shares (cost $331,690)	348,884
NVIT Core Bond Fund - Class I (NVCBD1)
	41,116 shares (cost $460,097)	465,025
NVIT Core Plus Bond Fund - Class I (NVLCP1)
	17,737 shares (cost $203,633)	209,657
NVIT Nationwide Fund - Class I (TRF)
	4,172,624 shares (cost $43,810,446)	42,519,042
NVIT Government Bond Fund - Class I (GBF)
	806,533 shares (cost $9,609,752)	9,379,980
American Century NVIT Growth Fund - Class I (CAF)
	772,603 shares (cost $7,972,224)	12,052,612
NVIT International Index Fund - Class VI (GVIX6)
	66,551 shares (cost $554,479)	555,703
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
	187,368 shares (cost $1,434,929)	1,871,804
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
	6,874 shares (cost $89,130)	93,829
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
	5,938 shares (cost $84,815)	89,547
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
	68,610 shares (cost $694,721)	713,544
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
	399,173 shares (cost $4,083,452)	4,494,689
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
	447,182 shares (cost $4,950,900)	4,990,552
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
	271,852 shares (cost $2,743,572)	2,987,650
NVIT Mid Cap Index Fund - Class I (MCIF)
	259,897 shares (cost $4,404,924)	4,945,836
NVIT Money Market Fund - Class I (SAM)
	22,231,905 shares (cost $22,231,905)	22,231,905
NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)
	417,682 shares (cost $3,265,545)	4,201,883
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
	14,455 shares (cost $196,005)	141,365

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012

NVIT Multi-Manager International Value Fund - Class III (GVDIV3)
	46,903 shares (cost $442,603)	456,834
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
	142,597 shares (cost $1,332,533)	1,502,969
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
	128,251 shares (cost $1,144,245)	1,201,709
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
	2,368,967 shares (cost $18,604,552)	25,205,814
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
	1,795,407 shares (cost $15,408,886)	18,546,557
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
	89,314 shares (cost $1,511,739)	1,553,178
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
	414,090 shares (cost $4,229,960)	4,886,257
NVIT Multi-Manager Small Company Fund - Class I (SCF)
	816,467 shares (cost $15,474,652)	15,978,266
NVIT Multi-Sector Bond Fund - Class I (MSBF)
	232,018 shares (cost $2,054,662)	2,201,854
NVIT Short Term Bond Fund - Class II (NVSTB2)
	50,308 shares (cost $524,567)	529,747
NVIT Large Cap Growth Fund - Class I (NVOLG1)
	2,633,244 shares (cost $39,943,459)	45,581,460
Templeton NVIT International Value Fund - Class III (NVTIV3)
	7,769 shares (cost $96,314)	94,859
Van Kampen NVIT Comstock Value Fund - Class I (EIF)
	43,974 shares (cost $417,960)	502,181
NVIT Real Estate Fund - Class I (NVRE1)
	937,274 shares (cost $7,409,684)	8,875,980
VPS Growth and Income Portfolio - Class A (ALVGIA)
	14,111 shares (cost $239,431)	294,633
VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
	55,957 shares (cost $897,010)	988,756
VP Balanced Fund - Class I (ACVB)
	608,596 shares (cost $3,842,887)	4,339,287
VP Capital Appreciation Fund - Class I (ACVCA)
	100,085 shares (cost $1,086,664)	1,455,234
VP Income & Growth Fund - Class I (ACVIG)
	220,902 shares (cost $1,366,099)	1,524,220
American Century VP Inflation Protection Fund - Class II (ACVIP2)
	194,400 shares (cost $2,206,722)	2,338,628
VP International Fund - Class I (ACVI)
	67,469 shares (cost $501,807)	602,496
VP International Fund - Class III (ACVI3)
	23,483 shares (cost $159,699)	209,700
VP Mid Cap Value Fund - Class I (ACVMV1)
	90,925 shares (cost $1,251,021)	1,325,683
VP Ultra(R) Fund - Class I (ACVU1)
	7,456 shares (cost $76,622)	80,529
VP Vista(SM) Fund - Class I (ACVVS1)
	2,189 shares (cost $29,981)	38,096
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
	132,112 shares (cost $1,658,203)	1,791,437
Appreciation Portfolio - Initial Shares (DCAP)
	125,631 shares (cost $4,509,240)	5,084,287
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
	13,392 shares (cost $402,302)	423,979

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012

Growth and Income Portfolio - Initial Shares (DGI)
	57,048 shares (cost $1,195,092)	1,259,057
Capital Appreciation Fund II - Primary Shares (FVCA2P)
	22,511 shares (cost $139,802)	140,696
Quality Bond Fund II - Primary Shares (FQB)
	175,024 shares (cost $1,974,622)	2,065,284
Equity-Income Portfolio - Initial Class (FEIP)
	1,948,140 shares (cost $43,089,950)	38,845,913
High Income Portfolio - Initial Class (FHIP)
	1,570,040 shares (cost $7,882,172)	9,121,933
VIP Asset Manager Portfolio - Initial Class (FAMP)
	805,911 shares (cost $11,534,199)	12,225,668
VIP Energy Portfolio - Service Class 2 (FNRS2)
	123,449 shares (cost $2,180,411)	2,401,078
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
	32,866 shares (cost $338,493)	366,131
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
	101,252 shares (cost $974,460)	1,133,015
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
	101,475 shares (cost $952,939)	1,103,028
VIP Growth Portfolio - Initial Class (FGP)
	1,166,866 shares (cost $43,227,248)	49,066,716
VIP High Income Portfolio - Initial Class R (FHIPR)
	632,355 shares (cost $3,524,932)	3,661,338
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
	325,924 shares (cost $4,170,821)	4,217,451
VIP Mid Cap Portfolio - Service Class (FMCS)
	226,383 shares (cost $6,000,631)	6,879,774
VIP Overseas Portfolio - Initial Class (FOP)
	374,020 shares (cost $7,052,510)	6,017,986
VIP Overseas Portfolio - Service Class R (FOSR)
	255,785 shares (cost $3,995,784)	4,092,557
VIP Value Strategies Portfolio - Service Class (FVSS)
	116,697 shares (cost $1,059,520)	1,293,000
Franklin Income Securities Fund - Class 2 (FTVIS2)
	86,430 shares (cost $1,259,449)	1,302,495
Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)
	175,459 shares (cost $3,331,498)	3,865,362
Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)
	178,389 shares (cost $2,413,561)	3,314,476
Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)
	119,402 shares (cost $1,186,391)	1,245,358
Templeton Foreign Securities Fund - Class 1 (TIF)
	11,814 shares (cost $175,729)	172,839
Templeton Foreign Securities Fund - Class 3 (TIF3)
	70,312 shares (cost $907,679)	1,006,868
Templeton Global Bond Securities Fund - Class 3 (FTVGI3)
	166,834 shares (cost $3,114,809)	3,249,925
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
	9,515 shares (cost $74,922)	80,970
Advisers Management Trust - Short Duration Bond Portfolio - I Class Shares (AMTB)
	280,961 shares (cost $3,143,811)	3,076,527
Balanced Portfolio - I Class Shares (AMBP)
	2,844 shares (cost $24,218)	32,626
Growth Portfolio - I Class Shares (AMTG)
	79,586 shares (cost $1,259,168)	1,664,150

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012

Guardian Portfolio - I Class Shares (AMGP)
	7,811 shares (cost $153,826)	159,343
International Portfolio - S Class Shares (AMINS)
	2,372 shares (cost $24,715)	23,554
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
	55 shares (cost $1,535)	1,661
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
	223,337 shares (cost $1,886,246)	2,590,708
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
	1,641 shares (cost $25,946)	22,040
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
	7,446 shares (cost $92,618)	98,282
Socially Responsive Portfolio - I Class Shares (AMSRS)
	28,189 shares (cost $390,966)	447,929
Balanced Fund/VA - Non-Service Shares (OVMS)
	473,703 shares (cost $7,131,226)	5,930,767
Core Bond Fund/VA - Non-Service Shares (OVB)
	646,791 shares (cost $5,758,058)	5,342,498
Global Securities Fund/VA - Class 3 (OVGS3)
	225,443 shares (cost $6,467,052)	7,387,755
Global Securities Fund/VA - Non-Service Shares (OVGS)
	408,878 shares (cost $11,684,408)	13,308,969
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
	44,697 shares (cost $895,017)	1,071,390
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
	42,395 shares (cost $746,013)	853,827
Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)
	16,900 shares (cost $810,267)	926,102
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
	29,210 shares (cost $162,718)	165,622
All Asset Portfolio - Administrative Class (PMVAAA)
	65,153 shares (cost $734,176)	741,441
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
	52,888 shares (cost $637,679)	624,607
Low Duration Portfolio - Administrative Class (PMVLDA)
	223,870 shares (cost $2,355,722)	2,413,320
Total Return Portfolio - Administrative Class (PMVTRA)
	127,071 shares (cost $1,465,720)	1,467,668
Putnam VT Growth and Income Fund - Class IB (PVGIB)
	5,217 shares (cost $83,912)	93,540
Putnam VT International Equity Fund - Class IB (PVTIGB)
	21,137 shares (cost $232,430)	239,486
Putnam VT Voyager Fund - Class IB (PVTVB)
	10,395 shares (cost $373,762)	375,997
Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)
	327 shares (cost $12,138)	11,854
Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)
	2,234 shares (cost $13,487)	15,860
Health Sciences Portfolio - II (TRHS2)
	110,097 shares (cost $2,157,148)	2,273,493
Limited-Term Bond Portfolio - II (TRLT2)
	26,764 shares (cost $133,266)	132,750
VIP Trust - Global Bond Fund: Initial Class (VWBF)
	153,025 shares (cost $1,739,457)	1,824,056
VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
	480,613 shares (cost $5,528,747)	6,488,278

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012

VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)
	277,344 shares (cost $8,111,045)		8,079,035
Variable Insurance Portfolios - Asset Strategy (WRASP)
	267,650 shares (cost $2,597,678)		2,870,788
Variable Insurance Portfolios - High Income (WRHIP)
	204,506 shares (cost $758,355)		776,121
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
	20,001 shares (cost $166,273)		170,754
Advantage VT Discovery Fund (SVDF)
	23,341 shares (cost $521,760)		587,261
Advantage VT Opportunity Fund - Class 2 (SVOF)
	79,092 shares (cost $1,189,600)		1,585,800
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
	42,889 shares (cost $345,019)		337,962
Total Investments		$	598,136,685
Other Accounts Receivable			78,028
Accounts Receivable-NVIT Multi-Manager Small Company Fund - Class I (SCF)			32,139
Accounts Receivable-Global Securities Fund/VA - Non-Service Shares (OVGS)			20,357
Accounts Receivable-VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)			14,124
Accounts Receivable-VP International Fund - Class I (ACVI)			13,860
Accounts Receivable-Advantage VT Opportunity Fund - Class 2 (SVOF)			8,965
Accounts Receivable-VP Capital Appreciation Fund - Class I (ACVCA)			7,317
Accounts Receivable-Growth Portfolio - I Class Shares (AMTG)			2,606
Accounts Payable-NVIT Money Market Fund - Class I (SAM)			(91,706)
Accounts Payable-Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)			(5)
		$	598,222,370
Contract Owners’ Equity:
Accumulation units			598,222,370
Total Contract Owners’ Equity (note 8)		$	598,222,370

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		Total		ALVDAA		MLVGA2		DSIF		DSRG		GVGMNS		IVKMG1		JABS
Reinvested dividends	$		8,684,392		6		49,197		840,031		48,584		-		-		35,786
Asset charges (note 3)			(3,302,976)		(10)		(16,414)		(206,208)		(36,239)		-		(551)		(7,077)
Net investment income (loss)			5,381,416		(4)		32,783		633,823		12,345		-		(551)		28,709
Realized gain (loss) on investments			6,669,179		-		49,392		1,784,958		(93,648)		-		(3,193)		48,528
Change in unrealized gain (loss) on investments			51,411,466		238		208,032		1,393,156		734,647		16		(1,238)		19,668
Net gain (loss) on investments			58,080,645		238		257,424		3,178,114		640,999		16		(4,431)		68,196
Reinvested capital gains			14,253,603		3		10,030		2,036,849		-		-		53		93,273
Net increase (decrease) in contract owners’ equity resulting from operations	$		77,715,664		237		300,237		5,848,786		653,344		16		(4,929)		190,178
Investment Activity:		JACAS		JAGTS		JAIGS		MIGIC		MNDIC		MVFIC		MSVFI		MSEM
Reinvested dividends	$		21,170		-		33,656		829		-		32,507		18,177		45,215
Asset charges (note 3)			(19,267)		(5,637)		(23,852)		(903)		(36)		(8,986)		(1,244)		(8,652)
Net investment income (loss)			1,903		(5,637)		9,804		(74)		(36)		23,521		16,933		36,563
Realized gain (loss) on investments			250,143		111,020		(588,417)		2,994		(282)		109,952		7,711		73,059
Change in unrealized gain (loss) on investments			473,989		56,379		28,630		15,891		1,071		135,058		2,097		143,936
Net gain (loss) on investments			724,132		167,399		(559,787)		18,885		789		245,010		9,808		216,995
Reinvested capital gains			-		-		629,929		8,648		40		15,069		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		726,035		161,762		79,946		27,459		793		283,600		26,741		253,558
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		MSVRE		NVAMV1		GVAAA2		GVABD2		GVAGG2		GVAGR2		GVAGI2		HIBF
Reinvested dividends	$		16,086		67,846		18,420		21,062		11,008		3,737		7,958		8,638
Asset charges (note 3)			(14,284)		(36,730)		(6,788)		(5,480)		(6,980)		(8,718)		(4,136)		(280)
Net investment income (loss)			1,802		31,116		11,632		15,582		4,028		(4,981)		3,822		8,358
Realized gain (loss) on investments			360,486		89,263		72,858		24,900		129,493		106,110		73,230		(3,859)
Change in unrealized gain (loss) on investments			(103,004)		536,037		89,353		9,678		151,867		170,142		56,627		13,578
Net gain (loss) on investments			257,482		625,300		162,211		34,578		281,360		276,252		129,857		9,719
Reinvested capital gains			-		284,491		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		259,284		940,907		173,843		50,160		285,388		271,271		133,679		18,077
Investment Activity:		HIBF3		GEM		GEM3		GIG		GIG3		NVNMO1		NVNSR1		NVCRA1
Reinvested dividends	$		135,905		4,813		12,568		5,276		29,922		166,748		1,142		1,701
Asset charges (note 3)			(8,255)		(7,355)		(12,825)		(2,686)		(18,252)		(60,385)		(1,016)		(986)
Net investment income (loss)			127,650		(2,542)		(257)		2,590		11,670		106,363		126		715
Realized gain (loss) on investments			71,873		19,131		48,213		18,641		70,642		99,344		1,309		5,834
Change in unrealized gain (loss) on investments			39,543		130,064		362,606		66,091		409,585		691,865		19,497		8,287
Net gain (loss) on investments			111,416		149,195		410,819		84,732		480,227		791,209		20,806		14,121
Reinvested capital gains			-		-		-		-		-		819,234		-		7,054
Net increase (decrease) in contract owners’ equity resulting from operations	$		239,066		146,653		410,562		87,322		491,897		1,716,806		20,932		21,890
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		NVCRB1		NVCCA1		NVCCN1		NVCMD1		NVCMA1		NVCMC1		NVCBD1		NVLCP1
Reinvested dividends	$		2,289		7,122		26,796		14,666		6,122		5,971		14,911		4,930
Asset charges (note 3)			(1,023)		(2,578)		(7,145)		(5,073)		(2,806)		(1,401)		(2,576)		(1,077)
Net investment income (loss)			1,266		4,544		19,651		9,593		3,316		4,570		12,335		3,853
Realized gain (loss) on investments			3,674		14,661		2,080		23,578		5,169		14,069		10,147		959
Change in unrealized gain (loss) on investments			8,730		30,757		45,124		58,991		35,192		9,618		6,012		4,609
Net gain (loss) on investments			12,404		45,418		47,204		82,569		40,361		23,687		16,159		5,568
Reinvested capital gains			1,895		6,959		20,767		14,887		12,225		7,324		2,859		3,946
Net increase (decrease) in contract owners’ equity resulting from operations	$		15,565		56,921		87,622		107,049		55,902		35,581		31,353		13,367
Investment Activity:		TRF		GBF		CAF		GVIX6		GVIDA		NVDBL2		NVDCA2		GVIDC
Reinvested dividends	$		602,178		216,536		67,981		13,921		28,144		1,559		1,497		12,521
Asset charges (note 3)			(265,088)		(54,140)		(73,427)		(1,927)		(10,214)		(496)		(575)		(5,245)
Net investment income (loss)			337,090		162,396		(5,446)		11,994		17,930		1,063		922		7,276
Realized gain (loss) on investments			(909,440)		41,077		334,165		(5,265)		26,989		205		935		48,390
Change in unrealized gain (loss) on investments			5,980,991		(276,212)		1,218,560		80,969		212,611		4,700		6,467		(25,148)
Net gain (loss) on investments			5,071,551		(235,135)		1,552,725		75,704		239,600		4,905		7,402		23,242
Reinvested capital gains			-		320,659		-		-		-		934		1,113		12,655
Net increase (decrease) in contract owners’ equity resulting from operations	$		5,408,641		247,920		1,547,279		87,698		257,530		6,902		9,437		43,173
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		GVIDM		GVDMA		GVDMC		MCIF		SAM		NVMIG3		GVDIVI		GVDIV3
Reinvested dividends	$		73,667		80,524		50,567		50,564		-		24,279		530		1,733
Asset charges (note 3)			(21,487)		(28,904)		(14,943)		(26,886)		(130,737)		(23,083)		(706)		(2,104)
Net investment income (loss)			52,180		51,620		35,624		23,678		(130,737)		1,196		(176)		(371)
Realized gain (loss) on investments			(165,469)		(215,257)		(8,844)		644,050		15		131,132		(8,517)		(194)
Change in unrealized gain (loss) on investments			589,032		802,170		171,283		(213,331)		(6)		462,423		29,727		70,166
Net gain (loss) on investments			423,563		586,913		162,439		430,719		9		593,555		21,210		69,972
Reinvested capital gains			-		-		11,904		327,787		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		475,743		638,533		209,967		782,184		(130,728)		594,751		21,034		69,601
Investment Activity:		NVMLG1		NVMLV1		NVMMG1		NVMMV2		SCGF		SCVF		SCF		MSBF
Reinvested dividends	$		7,427		15,796		-		205,467		-		38,573		24,462		57,547
Asset charges (note 3)			(8,079)		(5,504)		(149,265)		(104,789)		(11,652)		(21,892)		(82,590)		(13,448)
Net investment income (loss)			(652)		10,292		(149,265)		100,678		(11,652)		16,681		(58,128)		44,099
Realized gain (loss) on investments			74,305		(4,983)		1,225,296		519,826		33,920		(198,584)		(608,234)		54,035
Change in unrealized gain (loss) on investments			132,457		187,385		24,284		288,589		171,186		1,049,462		2,899,453		152,197
Net gain (loss) on investments			206,762		182,402		1,249,580		808,415		205,106		850,878		2,291,219		206,232
Reinvested capital gains			39,903		-		2,407,452		1,791,437		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		246,013		192,694		3,507,767		2,700,530		193,454		867,559		2,233,091		250,331
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		NVSTB2		NVOLG1		NVTIV3		EIF		NVRE1		ALVGIA		ALVSVA		ACVB
Reinvested dividends	$		7,128		322,347		2,177		6,186		96,133		4,193		4,216		87,239
Asset charges (note 3)			(2,647)		(242,659)		(291)		(2,784)		(50,112)		(1,456)		(4,226)		(24,775)
Net investment income (loss)			4,481		79,688		1,886		3,402		46,021		2,737		(10)		62,464
Realized gain (loss) on investments			676		634,926		(1,698)		48,216		855,789		34,392		38,600		79
Change in unrealized gain (loss) on investments			8,918		6,982,530		9,221		42,150		(436,653)		9,283		79,910		370,623
Net gain (loss) on investments			9,594		7,617,456		7,523		90,366		419,136		43,675		118,510		370,702
Reinvested capital gains			-		-		1,159		-		864,675		-		24,568		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		14,075		7,697,144		10,568		93,768		1,329,832		46,412		143,068		433,166
Investment Activity:		ACVCA		ACVIG		ACVIP2		ACVI		ACVI3		ACVMV1		ACVU1		ACVVS1
Reinvested dividends	$		-		33,885		58,192		4,742		1,569		25,925		-		-
Asset charges (note 3)			(11,740)		(7,672)		(10,826)		(2,654)		-		(6,643)		(253)		-
Net investment income (loss)			(11,740)		26,213		47,366		2,088		1,569		19,282		(253)		-
Realized gain (loss) on investments			11,810		(148,312)		83,527		(12,970)		21,829		49,650		2,835		360
Change in unrealized gain (loss) on investments			116,921		350,447		(23,970)		115,243		15,137		47,737		4,339		4,905
Net gain (loss) on investments			128,731		202,135		59,557		102,273		36,966		97,387		7,174		5,265
Reinvested capital gains			78,923		-		56,141		-		-		75,061		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		195,914		228,348		163,064		104,361		38,535		191,730		6,921		5,265
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		DVSCS		DCAP		DSC		DGI		FVCA2P		FQB		FEIP		FHIP
Reinvested dividends	$		8,926		205,498		-		17,920		401		84,720		1,182,720		528,120
Asset charges (note 3)			(9,447)		(29,965)		(1,270)		(6,319)		(380)		(11,816)		(215,185)		(52,528)
Net investment income (loss)			(521)		175,533		(1,270)		11,601		21		72,904		967,535		475,592
Realized gain (loss) on investments			200,224		275,791		8,424		12,242		3		15,426		12,183		(234,668)
Change in unrealized gain (loss) on investments			(18,936)		85,359		34,854		180,169		3,602		93,792		2,440,455		1,001,442
Net gain (loss) on investments			181,288		361,150		43,278		192,411		3,605		109,218		2,452,638		766,774
Reinvested capital gains			69,247		-		-		-		4,081		-		2,414,078		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		250,014		536,683		42,008		204,012		7,707		182,122		5,834,251		1,242,366
Investment Activity:		FAMP		FNRS2		FF10S		FF20S		FF30S		FGP		FHIPR		FIGBS
Reinvested dividends	$		186,142		19,368		6,432		21,482		21,654		297,050		214,939		94,027
Asset charges (note 3)			(77,164)		(14,138)		(1,966)		(5,591)		(6,087)		(295,837)		(21,009)		(20,750)
Net investment income (loss)			108,978		5,230		4,466		15,891		15,567		1,213		193,930		73,277
Realized gain (loss) on investments			398,960		259,766		37,104		(8,691)		(16,571)		(1,260,034)		195,936		183,992
Change in unrealized gain (loss) on investments			815,084		(146,245)		853		104,192		134,746		7,833,936		87,153		(133,339)
Net gain (loss) on investments			1,214,044		113,521		37,957		95,501		118,175		6,573,902		283,089		50,653
Reinvested capital gains			89,127		-		5,783		12,182		9,442		-		-		115,644
Net increase (decrease) in contract owners’ equity resulting from operations	$		1,412,149		118,751		48,206		123,574		143,184		6,575,115		477,019		239,574
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		FMCS		FOP		FOSR		FVSS		FTVIS2		FTVRDI		FTVSVI		FTVDM3
Reinvested dividends	$		35,458		113,055		69,282		5,900		79,172		77,746		32,654		19,292
Asset charges (note 3)			(36,585)		(33,126)		(18,093)		(4,902)		(5,695)		(19,007)		(15,959)		(6,405)
Net investment income (loss)			(1,127)		79,929		51,189		998		73,477		58,739		16,695		12,887
Realized gain (loss) on investments			191,305		(39,767)		(171,899)		168,235		3,413		278,987		78,007		94,393
Change in unrealized gain (loss) on investments			219,588		1,004,605		754,583		68,783		55,345		92,487		445,296		37,681
Net gain (loss) on investments			410,893		964,838		582,684		237,018		58,758		371,474		523,303		132,074
Reinvested capital gains			542,896		19,454		12,575		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		952,662		1,064,221		646,448		238,016		132,235		430,213		539,998		144,961
Investment Activity:		TIF		TIF3		FTVGI3		FTVFA2		AMTB		AMBP		AMTG		AMGP
Reinvested dividends	$		7,727		28,323		195,521		3,634		89,072		-		-		439
Asset charges (note 3)			(1,078)		(4,710)		(15,168)		(611)		(16,323)		(226)		(8,859)		(533)
Net investment income (loss)			6,649		23,613		180,353		3,023		72,749		(226)		(8,859)		(94)
Realized gain (loss) on investments			(30,568)		(2,131)		97,817		4,045		(11,401)		1,452		55,631		1,668
Change in unrealized gain (loss) on investments			52,206		133,465		146,300		8,532		51,445		1,420		141,918		16,991
Net gain (loss) on investments			21,638		131,334		244,117		12,577		40,044		2,872		197,549		18,659
Reinvested capital gains			-		-		4,947		-		-		-		-		1,257
Net increase (decrease) in contract owners’ equity resulting from operations	$		28,287		154,947		429,417		15,600		112,793		2,646		188,690		19,822
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		AMINS		AMMCGS		AMTP		AMRS		AMFAS		AMSRS		OVMS		OVB
Reinvested dividends	$		128		-		10,271		79		-		1,046		79,292		249,841
Asset charges (note 3)			-		-		(4,163)		-		(1,065)		(2,668)		(34,821)		(27,415)
Net investment income (loss)			128		-		6,108		79		(1,065)		(1,622)		44,471		222,426
Realized gain (loss) on investments			(11)		4		54,517		5,270		8,149		48,846		(154,146)		(266,035)
Change in unrealized gain (loss) on investments			2,561		172		308,395		(6,278)		19,331		1,181		767,556		514,478
Net gain (loss) on investments			2,550		176		362,912		(1,008)		27,480		50,027		613,410		248,443
Reinvested capital gains			-		-		-		5,297		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		2,678		176		369,020		4,368		26,415		48,405		657,881		470,869
Investment Activity:		OVGS3		OVGS		OVGI		OVSC		OVAG		OVSB		PMVAAA		PMVFBA
Reinvested dividends	$		151,239		278,156		11,703		5,168		-		-		21,348		36,689
Asset charges (note 3)			(37,713)		(68,864)		(4,866)		(4,532)		(6,017)		(128)		(1,045)		(3,167)
Net investment income (loss)			113,526		209,292		6,837		636		(6,017)		(128)		20,303		33,522
Realized gain (loss) on investments			(179,067)		370,043		27,164		48,661		(10,403)		9		2,314		20,234
Change in unrealized gain (loss) on investments			1,374,047		1,848,647		110,634		78,952		155,735		2,904		7,265		(37,593)
Net gain (loss) on investments			1,194,980		2,218,690		137,798		127,613		145,332		2,913		9,579		(17,359)
Reinvested capital gains			-		-		-		-		-		-		-		13,081
Net increase (decrease) in contract owners’ equity resulting from operations	$		1,308,506		2,427,982		144,635		128,249		139,315		2,785		29,882		29,244
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		PMVLDA		PMVTRA		PVGIB		PVTIGB		PVTVB		ACEG		AVBVI		TRHS2
Reinvested dividends	$		47,130		24,858		1,514		4,324		1,961		-		236		-
Asset charges (note 3)			(10,609)		(5,105)		(481)		(1,079)		(2,567)		(51)		-		(9,054)
Net investment income (loss)			36,521		19,753		1,033		3,245		(606)		(51)		236		(9,054)
Realized gain (loss) on investments			13,040		26,757		638		2,113		(26,913)		(1,241)		280		165,316
Change in unrealized gain (loss) on investments			79,919		4,503		12,752		32,908		82,868		(284)		1,741		142,521
Net gain (loss) on investments			92,959		31,260		13,390		35,021		55,955		(1,525)		2,021		307,837
Reinvested capital gains			-		28,254		-		-		-		-		-		40,703
Net increase (decrease) in contract owners’ equity resulting from operations	$		129,480		79,267		14,423		38,266		55,349		(1,576)		2,257		339,486
Investment Activity:		TRLT2		VWBF		VWEM		VWHA		WRASP		WRHIP		WRMCG		SVDF
Reinvested dividends	$		2,720		44,797		-		53,658		30,642		-		-		-
Asset charges (note 3)			-		(13,147)		(32,910)		(52,713)		(12,762)		(1,637)		(308)		(5,000)
Net investment income (loss)			2,720		31,650		(32,910)		945		17,880		(1,637)		(308)		(5,000)
Realized gain (loss) on investments			(981)		18,748		845,092		(439,386)		36,321		29,431		4,626		64,150
Change in unrealized gain (loss) on investments			1,155		13,222		754,002		(187,666)		382,841		17,766		4,482		42,976
Net gain (loss) on investments			174		31,970		1,599,094		(627,052)		419,162		47,197		9,108		107,126
Reinvested capital gains			267		28,256		-		827,476		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		3,161		91,876		1,566,184		201,369		437,042		45,560		8,800		102,126
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2012

Investment Activity:		SVOF		WFVSCG		JAGTS2		JAIGS2		AVCA		AVCDI		OVHI3		OVHI
Reinvested dividends	$		1,467		-		-		-		-		-		18,613		10,638
Asset charges (note 3)			(10,427)		(2,302)		(757)		(8,050)		(34)		(291)		(516)		(150)
Net investment income (loss)			(8,960)		(2,302)		(757)		(8,050)		(34)		(291)		18,097		10,488
Realized gain (loss) on investments			20,554		30,686		23,333		(469,429)		4,476		40,332		(10,050)		(126,821)
Change in unrealized gain (loss) on investments			198,776		(12,785)		41,394		1,013,149		(362)		(16,742)		4,384		123,622
Net gain (loss) on investments			219,330		17,901		64,727		543,720		4,114		23,590		(5,666)		(3,199)
Reinvested capital gains			538		19,112		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		210,908		34,711		63,970		535,670		4,080		23,299		12,431		7,289
See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		Total				ALVDAA				MLVGA2				DSIF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		5,381,416		5,444,349		(4)		-		32,783		52,512		633,823		561,695
Realized gain (loss) on investments			6,669,179		(875,919)		-		-		49,392		120,189		1,784,958		477,114
Change in unrealized gain (loss) on investments			51,411,466		(27,682,935)		238		-		208,032		(412,695)		1,393,156		(683,324)
Reinvested capital gains			14,253,603		1,859,423		3		-		10,030		72,206		2,036,849		282,396
Net increase (decrease) in contract owners’ equity resulting from operations			77,715,664		(21,255,082)		237		-		300,237		(167,788)		5,848,786		637,881
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			30,156,373		32,112,668		114		-		145,150		156,634		1,897,238		2,131,538
Transfers between funds			-		-		4,267		-		295,941		353,527		93,317		(556,139)
Surrenders (note 6)			(60,442,271)		(58,261,846)		-		-		(177,742)		(157,177)		(4,788,770)		(3,285,071)
Death Benefits (note 4)			(9,183,419)		(6,531,684)		-		-		-		(32,389)		(1,232,038)		(295,119)
Net policy repayments (loans) (note 5)			7,870,339		3,505,934		-		-		(95,216)		30,281		819,952		(205,492)
Deductions for surrender charges (note 2d)			(14,929)		(65,344)		-		-		(3)		-		(4,014)		(11,292)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(36,933,237)		(38,507,455)		(13)		-		(163,111)		(153,036)		(2,500,512)		(2,610,061)
Asset charges (note 3):
MSP contracts			(276,341)		(295,141)		-		-		(2,446)		(1,937)		(17,880)		(18,673)
SL contracts or LSFP contracts			(144,420)		(152,467)		-		-		-		-		(18,004)		(16,878)
Adjustments to maintain reserves			37,363		(89,560)		(77)		-		60		(9)		1,933		(325)
Net equity transactions			(68,930,542)		(68,284,895)		4,291		-		2,633		195,894		(5,748,778)		(4,867,512)
Net change in contract owners’ equity			8,785,122		(89,539,977)		4,528		-		302,870		28,106		100,008		(4,229,631)
Contract owners’ equity beginning of period			589,437,248		678,977,225		-		-		3,111,814		3,083,708		40,464,170		44,693,801
Contract owners’ equity end of period	$		598,222,370		589,437,248		4,528		-		3,414,684		3,111,814		40,564,178		40,464,170
CHANGES IN UNITS:
Beginning units			33,639,870		37,225,734		-		-		244,481		232,266		1,438,434		1,621,968
Units purchased			4,058,391		3,922,995		444		-		32,317		40,427		87,807		96,761
Units redeemed			(7,553,136)		(7,508,859)		(1)		-		(32,140)		(28,212)		(257,848)		(280,295)
Ending units			30,145,125		33,639,870		443		-		244,658		244,481		1,268,393		1,438,434

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		DSRG				GVGMNS				IVKMG1				JABS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		12,345		18,666		-		-		(551)		-		28,709		29,477
Realized gain (loss) on investments			(93,648)		(115,452)		-		-		(3,193)		-		48,528		59,278
Change in unrealized gain (loss) on investments			734,647		122,715		16		-		(1,238)		-		19,668		(160,078)
Reinvested capital gains			-		-		-		-		53		-		93,273		72,748
Net increase (decrease) in contract owners’ equity resulting from operations			653,344		25,929		16		-		(4,929)		-		190,178		1,425
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			427,837		468,783		-		-		8,595		-		46,912		46,243
Transfers between funds			(103,814)		58,274		5,448		-		179,830		-		(4,677)		531,136
Surrenders (note 6)			(457,491)		(473,983)		-		-		(3,392)		-		(259,567)		(132,256)
Death Benefits (note 4)			(105,540)		(24,873)		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			51,699		68,161		-		-		(281)		-		(14,770)		(9,864)
Deductions for surrender charges (note 2d)			(30)		(473)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(466,727)		(475,868)		-		-		(9,439)		-		(59,240)		(59,388)
Asset charges (note 3):
MSP contracts			(1,588)		(1,617)		-		-		(18)		-		(721)		(316)
SL contracts or LSFP contracts			(953)		(906)		-		-		(76)		-		(145)		(200)
Adjustments to maintain reserves			153		(22)		4		-		19		-		13		7
Net equity transactions			(656,454)		(382,524)		5,452		-		175,238		-		(292,195)		375,362
Net change in contract owners’ equity			(3,110)		(356,595)		5,468		-		170,309		-		(102,017)		376,787
Contract owners’ equity beginning of period			5,831,680		6,188,275		-		-		-		-		1,617,066		1,240,279
Contract owners’ equity end of period	$		5,828,570		5,831,680		5,468		-		170,309		-		1,515,049		1,617,066
CHANGES IN UNITS:
Beginning units			237,092		244,990		-		-		-		-		93,316		72,130
Units purchased			21,189		33,684		532		-		18,899		-		9,146		33,918
Units redeemed			(49,192)		(41,582)		-		-		(1,513)		-		(25,124)		(12,732)
Ending units			209,089		237,092		532		-		17,386		-		77,338		93,316

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		JACAS				JAGTS				JAIGS				MIGIC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,903		(10,578)		(5,637)		(4,417)		9,804		(6,676)		(74)		87
Realized gain (loss) on investments			250,143		295,847		111,020		141,553		(588,417)		192,533		2,994		2,107
Change in unrealized gain (loss) on investments			473,989		(570,090)		56,379		(232,890)		28,630		(1,444,099)		15,891		(2,247)
Reinvested capital gains			-		-		-		-		629,929		36,004		8,648		-
Net increase (decrease) in contract owners’ equity resulting from operations			726,035		(284,821)		161,762		(95,754)		79,946		(1,222,238)		27,459		(53)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			188,610		166,438		46,454		25,947		174,382		38,520		10,176		11,318
Transfers between funds			272,496		(817,600)		594,498		(34,110)		3,147,291		(823,605)		(5,074)		(2,508)
Surrenders (note 6)			(521,699)		(362,631)		(123,331)		(54,279)		(493,321)		(91,167)		(4,914)		-
Death Benefits (note 4)			(28,862)		(26,813)		(43,488)		(36,402)		(4,667)		(19,784)		-		-
Net policy repayments (loans) (note 5)			19,743		33,843		8,473		(22,849)		73,105		(25,208)		1,308		957
Deductions for surrender charges (note 2d)			(302)		(787)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(203,117)		(197,871)		(49,875)		(49,175)		(217,526)		(134,859)		(10,203)		(10,207)
Asset charges (note 3):
MSP contracts			(1,798)		(1,731)		(146)		(270)		(939)		(651)		-		-
SL contracts or LSFP contracts			(1,212)		(1,427)		(1,026)		(1,064)		(1,394)		(2,580)		(51)		(50)
Adjustments to maintain reserves			68		(16)		51		99		1,384		196		18		(2)
Net equity transactions			(276,073)		(1,208,595)		431,610		(172,103)		2,678,315		(1,059,138)		(8,740)		(492)
Net change in contract owners’ equity			449,962		(1,493,416)		593,372		(267,857)		2,758,261		(2,281,376)		18,719		(545)
Contract owners’ equity beginning of period			3,353,343		4,846,759		896,640		1,164,497		2,179,448		4,460,824		168,992		169,537
Contract owners’ equity end of period	$		3,803,305		3,353,343		1,490,012		896,640		4,937,709		2,179,448		187,711		168,992
CHANGES IN UNITS:
Beginning units			354,159		474,679		172,944		204,697		174,339		239,484		11,174		11,218
Units purchased			42,666		24,829		204,113		4,867		339,045		2,149		790		954
Units redeemed			(69,773)		(145,349)		(132,353)		(36,620)		(154,907)		(67,294)		(1,308)		(998)
Ending units			327,052		354,159		244,704		172,944		358,477		174,339		10,656		11,174

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		MNDIC				MVFIC				MSVFI				MSEM
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(36)		-		23,521		20,690		16,933		6,280		36,563		46,336
Realized gain (loss) on investments			(282)		-		109,952		(26,192)		7,711		190		73,059		73,018
Change in unrealized gain (loss) on investments			1,071		-		135,058		(24,209)		2,097		3,646		143,936		(23,784)
Reinvested capital gains			40		-		15,069		8,180		-		-		-		17,289
Net increase (decrease) in contract owners’ equity resulting from operations			793		-		283,600		(21,531)		26,741		10,116		253,558		112,859
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			4,497		-		48,923		107,514		9,066		8,014		174,275		41,761
Transfers between funds			36,595		-		(416,545)		117,403		103,015		49,836		157,186		(255,347)
Surrenders (note 6)			(3,971)		-		(110,274)		(135,095)		(29,083)		(24,574)		(264,165)		(375,007)
Death Benefits (note 4)			-		-		(55,553)		-		-		-		(13,613)		-
Net policy repayments (loans) (note 5)			(34)		-		564		14,627		2,328		14,979		(6,848)		(6,912)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(266)		-		(112,139)		(124,777)		(15,202)		(10,682)		(59,947)		(78,233)
Asset charges (note 3):
MSP contracts			-		-		(860)		(836)		(163)		(142)		(794)		(1,096)
SL contracts or LSFP contracts			-		-		(325)		(390)		(249)		(72)		(424)		(521)
Adjustments to maintain reserves			4		-		32		35		5		2		12		20
Net equity transactions			36,825		-		(646,177)		(21,519)		69,717		37,361		(14,318)		(675,335)
Net change in contract owners’ equity			37,618		-		(362,577)		(43,050)		96,458		47,477		239,240		(562,476)
Contract owners’ equity beginning of period			-		-		1,938,699		1,981,749		234,084		186,607		1,563,531		2,126,007
Contract owners’ equity end of period	$		37,618		-		1,576,122		1,938,699		330,542		234,084		1,802,771		1,563,531
CHANGES IN UNITS:
Beginning units			-		-		110,832		112,437		17,839		15,097		56,917		81,838
Units purchased			3,683		-		4,769		15,385		9,206		5,233		6,411		2,322
Units redeemed			(30)		-		(37,714)		(16,990)		(3,889)		(2,491)		(7,237)		(27,243)
Ending units			3,653		-		77,887		110,832		23,156		17,839		56,091		56,917

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		MSVRE				NVAMV1				GVAAA2				GVABD2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,802		5,965		31,116		88,029		11,632		10,011		15,582		22,077
Realized gain (loss) on investments			360,486		113,243		89,263		24,166		72,858		(17,037)		24,900		(1,610)
Change in unrealized gain (loss) on investments			(103,004)		(108,526)		536,037		(124,508)		89,353		16,385		9,678		40,577
Reinvested capital gains			-		-		284,491		18,745		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			259,284		10,682		940,907		6,432		173,843		9,359		50,160		61,044
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			48,988		18,521		232,098		268,108		59,578		59,197		30,228		39,390
Transfers between funds			(23,711)		434,872		(611,969)		(239,593)		453,543		(64,943)		7,395		(53,059)
Surrenders (note 6)			(213,714)		(104,622)		(545,420)		(761,527)		(250,293)		(104,165)		(281,187)		(54,881)
Death Benefits (note 4)			(38,138)		-		(8,492)		(101,736)		(11,079)		-		(26,263)		-
Net policy repayments (loans) (note 5)			82,682		(3,910)		45,478		152,749		32,566		(3,958)		(3,200)		(4,909)
Deductions for surrender charges (note 2d)			-		-		(19)		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(47,572)		(34,904)		(404,578)		(404,039)		(52,958)		(42,603)		(33,859)		(39,852)
Asset charges (note 3):
MSP contracts			-		-		(3,415)		(3,795)		(607)		(644)		(451)		(647)
SL contracts or LSFP contracts			(1,930)		(2,490)		(2,760)		(2,996)		-		-		-		-
Adjustments to maintain reserves			76		12		111		(23)		16		(3)		4		6
Net equity transactions			(193,319)		307,479		(1,298,966)		(1,092,852)		230,766		(157,119)		(307,333)		(113,952)
Net change in contract owners’ equity			65,965		318,161		(358,059)		(1,086,420)		404,609		(147,760)		(257,173)		(52,908)
Contract owners’ equity beginning of period			1,804,675		1,486,514		7,281,235		8,367,655		976,739		1,124,499		1,208,568		1,261,476
Contract owners’ equity end of period	$		1,870,640		1,804,675		6,923,176		7,281,235		1,381,348		976,739		951,395		1,208,568
CHANGES IN UNITS:
Beginning units			56,216		44,984		514,465		591,848		91,610		105,848		101,073		111,032
Units purchased			997		15,832		23,167		28,434		46,447		13,955		3,179		4,920
Units redeemed			(5,772)		(4,600)		(108,811)		(105,817)		(25,404)		(28,193)		(28,043)		(14,879)
Ending units			51,441		56,216		428,821		514,465		112,653		91,610		76,209		101,073

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		GVAGG2				GVAGR2				GVAGI2				HIBF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		4,028		8,359		(4,981)		(5,095)		3,822		5,217		8,358		11,152
Realized gain (loss) on investments			129,493		87,494		106,110		142,955		73,230		(6,589)		(3,859)		(3,279)
Change in unrealized gain (loss) on investments			151,867		(271,240)		170,142		(242,023)		56,627		(26,492)		13,578		(2,530)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			285,388		(175,387)		271,271		(104,163)		133,679		(27,864)		18,077		5,343
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			104,991		67,745		78,732		119,083		77,747		55,275		-		-
Transfers between funds			(334,211)		(55,968)		(307,442)		(184,807)		(270,683)		12,175		(10,720)		(6,214)
Surrenders (note 6)			(177,428)		(54,525)		(93,739)		(270,789)		(181,103)		(37,134)		(26,591)		(10,099)
Death Benefits (note 4)			(17,286)		-		(40,345)		-		-		-		(3,975)		-
Net policy repayments (loans) (note 5)			515		13,272		9,901		71,113		(2,598)		6,161		(101)		(139)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(67,415)		(80,752)		(83,496)		(96,401)		(37,974)		(40,136)		(4,063)		(4,815)
Asset charges (note 3):
MSP contracts			(618)		(758)		(898)		(983)		(240)		(214)		(570)		(611)
SL contracts or LSFP contracts			-		-		-		-		-		-		(90)		(84)
Adjustments to maintain reserves			183		(14)		35		48		12		(4)		6		(6)
Net equity transactions			(491,269)		(111,000)		(437,252)		(362,736)		(414,839)		(3,877)		(46,104)		(21,968)
Net change in contract owners’ equity			(205,881)		(286,387)		(165,981)		(466,899)		(281,160)		(31,741)		(28,027)		(16,625)
Contract owners’ equity beginning of period			1,669,722		1,956,109		1,798,228		2,265,127		1,032,782		1,064,523		134,290		150,915
Contract owners’ equity end of period	$		1,463,841		1,669,722		1,632,247		1,798,228		751,622		1,032,782		106,263		134,290
CHANGES IN UNITS:
Beginning units			157,982		167,063		182,925		218,683		121,678		122,016		7,746		9,042
Units purchased			10,849		10,440		7,965		19,383		5,884		9,002		90		-
Units redeemed			(54,723)		(19,521)		(48,716)		(55,141)		(51,549)		(9,340)		(2,452)		(1,296)
Ending units			114,108		157,982		142,174		182,925		76,013		121,678		5,384		7,746

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		HIBF3				GEM				GEM3				GIG
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		127,650		147,091		(2,542)		(797)		(257)		8,669		2,590		5,276
Realized gain (loss) on investments			71,873		29,182		19,131		104,373		48,213		57,121		18,641		(75,093)
Change in unrealized gain (loss) on investments			39,543		(111,679)		130,064		(402,458)		362,606		(916,508)		66,091		(93)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			239,066		64,594		146,653		(298,882)		410,562		(850,718)		87,322		(69,910)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			67,041		84,481		22,708		5,731		139,862		169,495		26,677		27,359
Transfers between funds			(130,439)		158,358		(32,995)		(120,326)		(374,997)		(109,387)		(32,244)		(77,013)
Surrenders (note 6)			(320,776)		(188,333)		(61,734)		(167,428)		(227,697)		(186,394)		(34,196)		(88,570)
Death Benefits (note 4)			-		-		(4,873)		(5,455)		(12,371)		(14,101)		-		(6,278)
Net policy repayments (loans) (note 5)			17,811		(7,567)		(13,895)		(11,603)		31,669		(8,884)		7,874		7,865
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(73,237)		(71,718)		(37,253)		(44,721)		(157,658)		(173,770)		(20,810)		(25,792)
Asset charges (note 3):
MSP contracts			(1,268)		(1,015)		-		-		(1,371)		(1,747)		(240)		(245)
SL contracts or LSFP contracts			(224)		(259)		(70)		(85)		(1,094)		(1,376)		(409)		(422)
Adjustments to maintain reserves			48		(15)		22		(17)		30		(39)		16		(8)
Net equity transactions			(441,044)		(26,068)		(128,090)		(343,904)		(603,627)		(326,203)		(53,332)		(163,104)
Net change in contract owners’ equity			(201,978)		38,526		18,563		(642,786)		(193,065)		(1,176,921)		33,990		(233,014)
Contract owners’ equity beginning of period			1,926,297		1,887,771		964,637		1,607,423		2,813,231		3,990,152		580,823		813,837
Contract owners’ equity end of period	$		1,724,319		1,926,297		983,200		964,637		2,620,166		2,813,231		614,813		580,823
CHANGES IN UNITS:
Beginning units			133,932		135,558		46,053		58,584		175,916		192,806		49,914		63,190
Units purchased			9,587		17,841		123		1,159		10,090		10,458		2,841		3,726
Units redeemed			(38,688)		(19,467)		(5,785)		(13,690)		(45,647)		(27,348)		(6,819)		(17,002)
Ending units			104,831		133,932		40,391		46,053		140,359		175,916		45,936		49,914

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		GIG3				NVNMO1				NVNSR1				NVCRA1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		11,670		29,104		106,363		6,178		126		548		715		1,826
Realized gain (loss) on investments			70,642		95,396		99,344		224,257		1,309		2,726		5,834		3,124
Change in unrealized gain (loss) on investments			409,585		(521,246)		691,865		(1,886,597)		19,497		(18,843)		8,287		(18,511)
Reinvested capital gains			-		-		819,234		101,721		-		-		7,054		1,971
Net increase (decrease) in contract owners’ equity resulting from operations			491,897		(396,746)		1,716,806		(1,554,441)		20,932		(15,569)		21,890		(11,590)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			163,252		177,947		619,849		741,187		4,043		3,607		22,632		41,709
Transfers between funds			(25,556)		277,840		(213,885)		(428,182)		(153,802)		243,483		21,617		30,580
Surrenders (note 6)			(286,905)		(330,087)		(745,984)		(913,768)		(2,511)		(10,493)		(25,272)		(1,470)
Death Benefits (note 4)			(29,761)		-		(121,962)		(96,123)		-		-		-		-
Net policy repayments (loans) (note 5)			66,374		(461)		113,043		(352)		(30)		(2,222)		(16)		(21)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(187,938)		(205,358)		(697,257)		(751,483)		(13,802)		(17,789)		(19,926)		(21,289)
Asset charges (note 3):
MSP contracts			(2,292)		(2,524)		(6,661)		(7,722)		-		-		-		-
SL contracts or LSFP contracts			-		-		(6)		(6)		-		-		-		-
Adjustments to maintain reserves			60		(25)		264		(33)		317		10		8		(2)
Net equity transactions			(302,766)		(82,668)		(1,052,599)		(1,456,482)		(165,785)		216,596		(957)		49,507
Net change in contract owners’ equity			189,131		(479,414)		664,207		(3,010,923)		(144,853)		201,027		20,933		37,917
Contract owners’ equity beginning of period			3,393,119		3,872,533		10,935,878		13,946,801		236,858		35,831		138,253		100,336
Contract owners’ equity end of period	$		3,582,250		3,393,119		11,600,085		10,935,878		92,005		236,858		159,186		138,253
CHANGES IN UNITS:
Beginning units			472,896		484,567		1,376,634		1,543,482		24,827		3,617		15,796		10,685
Units purchased			30,504		71,634		97,229		106,150		410		23,218		4,634		7,593
Units redeemed			(69,241)		(83,305)		(218,729)		(272,998)		(16,543)		(2,008)		(4,660)		(2,482)
Ending units			434,159		472,896		1,255,134		1,376,634		8,694		24,827		15,770		15,796

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		NVCRB1				NVCCA1				NVCCN1				NVCMD1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,266		4,113		4,544		7,280		19,651		2,853		9,593		20,350
Realized gain (loss) on investments			3,674		18,134		14,661		2,100		2,080		6,452		23,578		78,359
Change in unrealized gain (loss) on investments			8,730		(25,295)		30,757		(33,157)		45,124		(6,379)		58,991		(132,797)
Reinvested capital gains			1,895		1,394		6,959		2,742		20,767		564		14,887		6,389
Net increase (decrease) in contract owners’ equity resulting from operations			15,565		(1,654)		56,921		(21,035)		87,622		3,490		107,049		(27,699)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			10,674		7,085		30,242		31,889		24,422		12,820		44,203		38,535
Transfers between funds			102,448		50,477		63,482		99,656		1,309,173		(131,623)		43,078		59,074
Surrenders (note 6)			(19,501)		(98,779)		(17,533)		(53,844)		(22,226)		(5,817)		(37,751)		(161,406)
Death Benefits (note 4)			-		-		-		-		-		(25,187)		-		-
Net policy repayments (loans) (note 5)			(2,594)		(1,158)		(361)		(470)		8,138		50		17,936		19,734
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(10,508)		(45,340)		(28,658)		(42,884)		(26,830)		(18,166)		(65,346)		(88,842)
Asset charges (note 3):
MSP contracts			(44)		(43)		(46)		(45)		(49)		(206)		(823)		(800)
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			(12)		4		8		(6)		7		1		9		6
Net equity transactions			80,463		(87,754)		47,134		34,296		1,292,635		(168,128)		1,306		(133,699)
Net change in contract owners’ equity			96,028		(89,408)		104,055		13,261		1,380,257		(164,638)		108,355		(161,398)
Contract owners’ equity beginning of period			142,007		231,415		401,569		388,308		135,024		299,662		915,081		1,076,479
Contract owners’ equity end of period	$		238,035		142,007		505,624		401,569		1,515,281		135,024		1,023,436		915,081
CHANGES IN UNITS:
Beginning units			13,929		22,194		41,773		38,825		12,223		27,448		92,039		105,271
Units purchased			10,314		3,152		9,210		12,957		123,303		2,738		11,187		17,842
Units redeemed			(3,201)		(11,417)		(4,502)		(10,009)		(7,088)		(17,963)		(11,197)		(31,074)
Ending units			21,042		13,929		46,481		41,773		128,438		12,223		92,029		92,039

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		NVCMA1				NVCMC1				NVCBD1				NVLCP1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		3,316		5,793		4,570		9,169		12,335		10,992		3,853		2,997
Realized gain (loss) on investments			5,169		10,410		14,069		28,633		10,147		5,577		959		2,083
Change in unrealized gain (loss) on investments			35,192		(31,399)		9,618		(38,392)		6,012		4,113		4,609		2,437
Reinvested capital gains			12,225		2,579		7,324		2,556		2,859		-		3,946		121
Net increase (decrease) in contract owners’ equity resulting from operations			55,902		(12,617)		35,581		1,966		31,353		20,682		13,367		7,638
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			119,713		113,526		21,451		12,342		23,580		6,222		6,518		5,900
Transfers between funds			-		16,959		32,946		119,479		38,001		204,914		63,140		72,964
Surrenders (note 6)			(19,267)		(29,202)		(63,201)		(224,546)		(105,294)		(8,910)		(3,869)		(3,275)
Death Benefits (note 4)			-		-		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			962		13,470		17,637		(38,039)		(2,177)		852		(2,336)		(327)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(31,113)		(20,901)		(44,496)		(30,626)		(13,521)		(11,567)		(10,431)		(5,625)
Asset charges (note 3):
MSP contracts			-		-		(1,279)		(1,262)		(218)		(330)		-		(33)
SL contracts or LSFP contracts			-		-		-		-		(266)		(176)		-		-
Adjustments to maintain reserves			12		2		7		(3)		3		(2)		4		10
Net equity transactions			70,307		93,854		(36,935)		(162,655)		(59,892)		191,003		53,026		69,614
Net change in contract owners’ equity			126,209		81,237		(1,354)		(160,689)		(28,539)		211,685		66,393		77,252
Contract owners’ equity beginning of period			363,514		282,277		350,246		510,935		493,562		281,877		143,267		66,015
Contract owners’ equity end of period	$		489,723		363,514		348,892		350,246		465,023		493,562		209,660		143,267
CHANGES IN UNITS:
Beginning units			39,348		28,988		33,039		47,944		40,724		24,675		10,922		5,333
Units purchased			12,487		15,780		5,849		13,107		7,734		17,963		5,739		7,810
Units redeemed			(5,384)		(5,420)		(8,929)		(28,012)		(12,481)		(1,914)		(1,691)		(2,221)
Ending units			46,451		39,348		29,959		33,039		35,977		40,724		14,970		10,922

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		TRF				GBF				CAF				GVIX6
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		337,090		238,238		162,396		262,950		(5,446)		778		11,994		15,186
Realized gain (loss) on investments			(909,440)		(1,175,009)		41,077		(7,273)		334,165		(120,956)		(5,265)		(88,082)
Change in unrealized gain (loss) on investments			5,980,991		978,156		(276,212)		416,282		1,218,560		(61,303)		80,969		(54,752)
Reinvested capital gains			-		-		320,659		32,194		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			5,408,641		41,385		247,920		704,153		1,547,279		(181,481)		87,698		(127,648)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			3,407,021		3,666,045		376,459		414,490		941,227		1,040,477		4,611		8,756
Transfers between funds			(285,049)		(275,736)		(365,835)		(376,070)		(136,249)		370,139		1,442		134,419
Surrenders (note 6)			(3,473,186)		(3,347,145)		(871,919)		(714,403)		(979,433)		(1,074,816)		(14,371)		(10,222)
Death Benefits (note 4)			(908,073)		(618,854)		(403,302)		(128,786)		(35,972)		(163,245)		-		(6,698)
Net policy repayments (loans) (note 5)			778,139		540,650		62,266		147,351		77,724		148,037		(14,422)		(25,314)
Deductions for surrender charges (note 2d)			(348)		(3,082)		(3)		(2,725)		(19)		(192)		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(3,952,998)		(4,073,055)		(556,356)		(607,067)		(1,038,209)		(1,084,883)		(15,283)		(18,365)
Asset charges (note 3):
MSP contracts			(12,672)		(14,024)		(11,944)		(11,970)		(2,852)		(3,445)		(1,238)		(1,469)
SL contracts or LSFP contracts			(5,702)		(6,203)		(1,576)		(1,703)		(3,012)		(2,929)		-		-
Adjustments to maintain reserves			1,645		(302)		221		179		456		(105)		17		(3)
Net equity transactions			(4,451,223)		(4,131,706)		(1,771,989)		(1,280,704)		(1,176,339)		(770,962)		(39,244)		81,104
Net change in contract owners’ equity			957,418		(4,090,321)		(1,524,069)		(576,551)		370,940		(952,443)		48,454		(46,544)
Contract owners’ equity beginning of period			41,567,827		45,658,148		10,907,065		11,483,616		11,683,457		12,635,900		507,260		553,804
Contract owners’ equity end of period	$		42,525,245		41,567,827		9,382,996		10,907,065		12,054,397		11,683,457		555,714		507,260
CHANGES IN UNITS:
Beginning units			1,206,188		1,326,428		359,233		403,642		606,750		631,903		62,729		59,497
Units purchased			115,752		130,677		18,426		19,254		51,119		100,763		2,199		9,687
Units redeemed			(241,020)		(250,917)		(79,196)		(63,663)		(106,272)		(125,916)		(6,558)		(6,455)
Ending units			1,080,920		1,206,188		298,463		359,233		551,597		606,750		58,370		62,729

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		GVIDA				NVDBL2				NVDCA2				GVIDC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		17,930		24,986		1,063		2,491		922		523		7,276		17,352
Realized gain (loss) on investments			26,989		5,671		205		5,074		935		(1,279)		48,390		17,546
Change in unrealized gain (loss) on investments			212,611		(106,615)		4,700		(9,200)		6,467		(2,166)		(25,148)		(15,725)
Reinvested capital gains			-		-		934		75		1,113		61		12,655		3,085
Net increase (decrease) in contract owners’ equity resulting from operations			257,530		(75,958)		6,902		(1,560)		9,437		(2,861)		43,173		22,258
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			123,514		123,131		5,458		10,746		2,957		628		25,179		21,298
Transfers between funds			(33,679)		(161,937)		13,082		(154,020)		1,752		84,218		20,369		104,801
Surrenders (note 6)			(146,188)		(185,315)		-		(7,047)		(60)		(559)		(268,212)		(57,836)
Death Benefits (note 4)			(38,456)		-		-		-		-		-		-		(10,326)
Net policy repayments (loans) (note 5)			30,282		(10,952)		1,579		50		(26)		(27)		14		(8,937)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(108,274)		(108,527)		(3,699)		(2,558)		(6,818)		(3,094)		(57,871)		(49,665)
Asset charges (note 3):
MSP contracts			(531)		(521)		-		(5)		-		-		(698)		(637)
SL contracts or LSFP contracts			-		(79)		-		-		-		-		(240)		(217)
Adjustments to maintain reserves			38		4		9		-		318		18		(8)		9
Net equity transactions			(173,294)		(344,196)		16,429		(152,834)		(1,877)		81,184		(281,467)		(1,510)
Net change in contract owners’ equity			84,236		(420,154)		23,331		(154,394)		7,560		78,323		(238,294)		20,748
Contract owners’ equity beginning of period			1,787,581		2,207,735		70,506		224,900		81,979		3,656		951,825		931,077
Contract owners’ equity end of period	$		1,871,817		1,787,581		93,837		70,506		89,539		81,979		713,531		951,825
CHANGES IN UNITS:
Beginning units			127,486		150,136		5,552		17,744		6,154		271		68,635		68,634
Units purchased			10,779		15,998		1,624		1,606		901		6,328		9,108		11,884
Units redeemed			(22,534)		(38,648)		(376)		(13,798)		(1,025)		(445)		(28,639)		(11,883)
Ending units			115,731		127,486		6,800		5,552		6,030		6,154		49,104		68,635
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		GVIDM				GVDMA				GVDMC				MCIF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		52,180		84,548		51,620		81,268		35,624		50,790		23,678		13,952
Realized gain (loss) on investments			(165,469)		(113,634)		(215,257)		(102,560)		(8,844)		(66,936)		644,050		(37,541)
Change in unrealized gain (loss) on investments			589,032		(3,079)		802,170		(114,778)		171,283		62,203		(213,331)		(227,853)
Reinvested capital gains			-		-		-		-		11,904		-		327,787		80,462
Net increase (decrease) in contract owners’ equity resulting from operations			475,743		(32,165)		638,533		(136,070)		209,967		46,057		782,184		(170,980)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			265,019		492,101		240,749		254,447		180,806		179,165		199,459		217,539
Transfers between funds			(184,986)		208,045		121,188		28,628		79,292		(284,438)		(244,547)		483,979
Surrenders (note 6)			(432,003)		(387,048)		(981,284)		(764,165)		(140,628)		(134,498)		(469,675)		(439,266)
Death Benefits (note 4)			(217,456)		(7,003)		(5,943)		-		-		(2,526)		(25,830)		(53,517)
Net policy repayments (loans) (note 5)			(21,696)		31,014		133,735		324,975		21,281		(4,507)		123,254		492
Deductions for surrender charges (note 2d)			-		-		(538)		(7,000)		-		-		-		(774)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(325,880)		(336,141)		(289,755)		(311,783)		(106,128)		(112,020)		(436,066)		(413,267)
Asset charges (note 3):
MSP contracts			(9,200)		(10,411)		(3,378)		(3,481)		(1,859)		(1,951)		(2,128)		(2,672)
SL contracts or LSFP contracts			(1,314)		(1,329)		(975)		(1,018)		(111)		(271)		(847)		(1,254)
Adjustments to maintain reserves			100		(31)		110		(11)		50		(4)		92		2
Net equity transactions			(927,416)		(10,803)		(786,091)		(479,408)		32,703		(361,050)		(856,288)		(208,738)
Net change in contract owners’ equity			(451,673)		(42,968)		(147,558)		(615,478)		242,670		(314,993)		(74,104)		(379,718)
Contract owners’ equity beginning of period			4,946,400		4,989,368		5,138,142		5,753,620		2,744,995		3,059,988		5,019,975		5,399,693
Contract owners’ equity end of period	$		4,494,727		4,946,400		4,990,584		5,138,142		2,987,665		2,744,995		4,945,871		5,019,975
CHANGES IN UNITS:
Beginning units			341,515		343,926		359,038		390,963		189,958		215,942		278,335		289,034
Units purchased			31,798		52,263		26,454		28,193		18,887		20,078		13,591		39,527
Units redeemed			(90,788)		(54,674)		(77,414)		(60,118)		(16,171)		(46,062)		(57,296)		(50,226)
Ending units			282,525		341,515		308,078		359,038		192,674		189,958		234,630		278,335
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		SAM				NVMIG3				GVDIVI				GVDIV3
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(130,737)		(109,669)		1,196		36,794		(176)		1,971		(371)		7,741
Realized gain (loss) on investments			15		-		131,132		142,671		(8,517)		(64,097)		(194)		(51,322)
Change in unrealized gain (loss) on investments			(6)		-		462,423		(630,651)		29,727		29,858		70,166		(52,208)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(130,728)		(109,669)		594,751		(451,186)		21,034		(32,268)		69,601		(95,789)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,515,551		1,277,662		209,643		222,852		-		-		34,196		42,654
Transfers between funds			4,184,820		8,844,186		(96,070)		53,206		-		(3,229)		(31,553)		(180,521)
Surrenders (note 6)			(6,218,103)		(4,224,040)		(367,607)		(425,446)		(2,304)		(95,754)		(40,124)		(68,894)
Death Benefits (note 4)			(300,085)		(377,413)		(170,606)		(25,510)		(2,248)		-		(17,989)		-
Net policy repayments (loans) (note 5)			910,296		683,595		110,627		(26,524)		(229)		(2,440)		(937)		(19,541)
Deductions for surrender charges (note 2d)			(6,289)		(6,122)		(356)		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,968,265)		(1,552,073)		(255,917)		(275,458)		(5,629)		(7,667)		(26,112)		(28,566)
Asset charges (note 3):
MSP contracts			(15,414)		(16,498)		(1,618)		(1,785)		-		-		(167)		(179)
SL contracts or LSFP contracts			(8,546)		(8,249)		-		(16)		(24)		(26)		(194)		(225)
Adjustments to maintain reserves			453		(421)		82		(21)		(15)		(5)		9		55
Net equity transactions			(1,905,582)		4,620,627		(571,822)		(478,702)		(10,449)		(109,121)		(82,871)		(255,217)
Net change in contract owners’ equity			(2,036,310)		4,510,958		22,929		(929,888)		10,585		(141,389)		(13,270)		(351,006)
Contract owners’ equity beginning of period			24,176,509		19,665,551		4,178,990		5,108,878		130,775		272,164		470,118		821,124
Contract owners’ equity end of period	$		22,140,199		24,176,509		4,201,919		4,178,990		141,360		130,775		456,848		470,118
CHANGES IN UNITS:
Beginning units			1,421,436		1,169,758		486,078		542,276		9,298		16,122		54,042		78,835
Units purchased			459,736		575,504		34,140		43,031		-		147		5,292		6,236
Units redeemed			(587,614)		(323,826)		(96,282)		(99,229)		(686)		(6,971)		(14,379)		(31,029)
Ending units			1,293,558		1,421,436		423,936		486,078		8,612		9,298		44,955		54,042

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		NVMLG1				NVMLV1				NVMMG1				NVMMV2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(652)		(8,600)		10,292		9,325		(149,265)		(156,832)		100,678		49,343
Realized gain (loss) on investments			74,305		31,706		(4,983)		13,900		1,225,296		1,064,863		519,826		398,752
Change in unrealized gain (loss) on investments			132,457		(87,815)		187,385		(164,321)		24,284		(2,198,178)		288,589		(1,078,934)
Reinvested capital gains			39,903		-		-		44,577		2,407,452		-		1,791,437		80,983
Net increase (decrease) in contract owners’ equity resulting from operations			246,013		(64,709)		192,694		(96,519)		3,507,767		(1,290,147)		2,700,530		(549,856)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			152,236		85,712		72,701		105,692		1,279,468		1,415,357		784,762		858,953
Transfers between funds			(217,061)		(25,182)		(34,922)		(44,168)		(494,308)		(467,627)		(327,162)		(207,765)
Surrenders (note 6)			(215,598)		(186,187)		(170,229)		(125,815)		(2,549,379)		(1,845,986)		(1,753,093)		(1,481,560)
Death Benefits (note 4)			-		(19,729)		(28,110)		(6,066)		(273,262)		(174,012)		(53,127)		(41,752)
Net policy repayments (loans) (note 5)			35,510		(15,891)		(5,091)		(27,249)		255,211		39,992		204,163		111,600
Deductions for surrender charges (note 2d)			(204)		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(93,931)		(99,420)		(69,731)		(78,183)		(1,665,594)		(1,765,381)		(1,055,635)		(1,095,869)
Asset charges (note 3):
MSP contracts			(972)		(955)		(344)		(647)		(8,237)		(8,312)		(5,731)		(5,887)
SL contracts or LSFP contracts			(758)		(736)		(535)		(941)		(167)		(209)		(22)		(33)
Adjustments to maintain reserves			25		(76)		18		(13,029)		481		(9,750)		331		21
Net equity transactions			(340,753)		(262,464)		(236,243)		(190,406)		(3,455,787)		(2,815,928)		(2,205,514)		(1,862,292)
Net change in contract owners’ equity			(94,740)		(327,173)		(43,549)		(286,925)		51,980		(4,106,075)		495,016		(2,412,148)
Contract owners’ equity beginning of period			1,597,717		1,924,890		1,245,266		1,532,191		25,153,981		29,260,056		18,051,650		20,463,798
Contract owners’ equity end of period	$		1,502,977		1,597,717		1,201,717		1,245,266		25,205,961		25,153,981		18,546,666		18,051,650
CHANGES IN UNITS:
Beginning units			175,647		204,503		146,217		167,050		2,648,801		2,934,551		1,788,622		1,969,690
Units purchased			11,131		13,145		11,674		14,363		178,802		184,853		109,851		111,839
Units redeemed			(44,205)		(42,001)		(37,352)		(35,196)		(504,626)		(470,603)		(309,990)		(292,907)
Ending units			142,573		175,647		120,539		146,217		2,322,977		2,648,801		1,588,483		1,788,622

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		SCGF				SCVF				SCF				MSBF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(11,652)		(12,312)		16,681		(1,295)		(58,128)		4,461		44,099		66,435
Realized gain (loss) on investments			33,920		274,872		(198,584)		(286,032)		(608,234)		(874,181)		54,035		38,288
Change in unrealized gain (loss) on investments			171,186		(370,241)		1,049,462		9,738		2,899,453		(223,275)		152,197		(26,044)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			193,454		(107,681)		867,559		(277,589)		2,233,091		(1,092,995)		250,331		78,679
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			35,382		52,363		168,024		198,942		606,513		671,358		32,154		36,839
Transfers between funds			35,259		558,971		(49,390)		(9,715)		(307,582)		(287,210)		212,206		645,156
Surrenders (note 6)			(283,659)		(63,726)		(486,984)		(571,718)		(1,343,282)		(1,613,219)		(231,233)		(121,950)
Death Benefits (note 4)			(6,626)		-		(71,191)		(41,852)		(263,482)		(194,921)		-		-
Net policy repayments (loans) (note 5)			(98,459)		(4,690)		30,538		(12,122)		256,839		84,806		(5,872)		(13)
Deductions for surrender charges (note 2d)			-		-		-		-		(137)		(341)		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(66,133)		(69,742)		(258,296)		(271,178)		(872,059)		(982,638)		(99,295)		(60,491)
Asset charges (note 3):
MSP contracts			(405)		(390)		(2,420)		(2,799)		(7,269)		(7,951)		(1,395)		(1,272)
SL contracts or LSFP contracts			(408)		(308)		(3,759)		(3,564)		(4,117)		(4,652)		(650)		(434)
Adjustments to maintain reserves			37		237		68		(13)		4,609		(3,083)		(101)		40
Net equity transactions			(385,012)		472,715		(673,410)		(714,019)		(1,929,967)		(2,337,851)		(94,186)		497,875
Net change in contract owners’ equity			(191,558)		365,034		194,149		(991,608)		303,124		(3,430,846)		156,145		576,554
Contract owners’ equity beginning of period			1,744,746		1,379,712		4,692,118		5,683,726		15,707,281		19,138,127		2,045,724		1,469,170
Contract owners’ equity end of period	$		1,553,188		1,744,746		4,886,267		4,692,1185		16,010,405		15,707,281		2,201,869		2,045,724
CHANGES IN UNITS:
Beginning units			248,091		192,212		209,000		239,727		431,988		493,349		117,076		87,760
Units purchased			19,317		79,028		10,824		13,001		20,542		23,957		13,894		38,085
Units redeemed			(73,250)		(23,149)		(39,124)		(43,728)		(69,428)		(85,318)		(18,192)		(8,769)
Ending units			194,158		248,091		180,700		209,000		383,102		431,988		112,778		117,076

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		NVSTB2				NVOLG1				NVTIV3				EIF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		4,481		5,670		`79,688		78,991		1,886		1,376		3,402		5,560
Realized gain (loss) on investments			676		(3,222)		634,926		69,259		(1,698)		(2,594)		48,216		(42,770)
Change in unrealized gain (loss) on investments			8,918		(2,075)		6,982,530		(1,524,082)		9,221		(8,412)		42,150		21,874
Reinvested capital gains			-		-		-		173,895		1,159		69		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			14,075		373		7,697,144		(1,201,937)		10,568		(9,561)		93,768		(15,336)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			13,609		14,261		1,899,617		2,140,290		2,395		13,426		38,158		42,428
Transfers between funds			158,710		(33,903)		(1,899,784)		(3,335,135)		40,123		12,649		(121,494)		(2,435)
Surrenders (note 6)			(85,247)		(38,992)		(3,439,428)		(4,672,504)		(961)		(8,994)		(109,079)		(141,189)
Death Benefits (note 4)			-		-		(729,968)		(553,149)		-		-		-		-
Net policy repayments (loans) (note 5)			(4,150)		1,299		334,747		180,998		133		37		25,937		23,917
Deductions for surrender charges (note 2d)			-		-		(190)		(4,702)		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(16,327)		(15,982)		(2,616,231)		(2,720,424)		(4,995)		(5,433)		(42,044)		(48,018)
Asset charges (note 3):
MSP contracts			(128)		(188)		(18,470)		(19,706)		-		-		(7)		(19)
SL contracts or LSFP contracts			-		-		(15,666)		(16,252)		(49)		(16)		(259)		(193)
Adjustments to maintain reserves			13		6		1,501		(80)		(16)		5		(8)		(4)
Net equity transactions			66,480		(73,499)		(6,483,872)		(9,000,664)		36,630		11,674		(208,796)		(125,513)
Net change in contract owners’ equity			80,555		(73,126)		1,213,272		(10,202,601)		47,198		2,113		(115,028)		(140,849)
Contract owners’ equity beginning of period			449,202		522,328		44,368,510		54,571,111		47,658		45,545		617,215		758,064
Contract owners’ equity end of period	$		529,757		449,202		45,581,782		44,368,510		94,856		47,658		502,187		617,215
CHANGES IN UNITS:
Beginning units			41,430		48,536		3,238,286		3,873,569		3,984		3,316		40,014		47,749
Units purchased			10,191		3,055		75,013		201,686		3,536		1,264		4,342		3,506
Units redeemed			(4,194)		(10,161)		(596,471)		(836,969)		(886)		(596)		(16,845)		(11,241)
Ending units			47,427		41,430		2,816,828		3,238,286		6,634		3,984		27,511		40,014

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		NVRE1				ALVGIA				ALVSVA				ACVB
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		46,021		32,905		2,737		1,949		(10)		730		62,464		51,014
Realized gain (loss) on investments			855,789		590,310		34,392		15,525		38,600		63,674		79		(58,159)
Change in unrealized gain (loss) on investments			(436,653)		(128,136)		9,283		(618)		79,910		(176,863)		370,623		190,455
Reinvested capital gains			864,675		37,461		-		-		24,568		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			1,329,832		532,540		46,412		16,856		143,068		(112,459)		433,166		183,310
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			359,081		404,998		7,309		21,285		107,043		36,784		187,333		177,123
Transfers between funds			(207,653)		235,903		(5,153)		87,409		(47,603)		(84,011)		388,561		107,858
Surrenders (note 6)			(1,191,253)		(649,690)		(5,820)		(60,111)		(140,425)		(119,242)		(115,126)		(278,415)
Death Benefits (note 4)			(116,136)		(43,955)		-		-		(28,103)		-		(104,463)		(138,534)
Net policy repayments (loans) (note 5)			(9,600)		(13,592)		(18,977)		(2,644)		291		3,454		17,174		33,608
Deductions for surrender charges (note 2d)			(360)		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(522,794)		(504,176)		(17,250)		(15,616)		(44,917)		(54,443)		(257,607)		(225,976)
Asset charges (note 3):
MSP contracts			(3,944)		(3,953)		(145)		(88)		(402)		(856)		(2,226)		(2,744)
SL contracts or LSFP contracts			(1,188)		(750)		(19)		(17)		(253)		(331)		(822)		39
Adjustments to maintain reserves			181		32		2		2		(5)		(10)		89		3
Net equity transactions			(1,693,666)		(575,183)		(40,053)		30,220		(154,374)		(218,655)		112,913		(327,038)
Net change in contract owners’ equity			(363,834)		(42,643)		6,359		47,076		(11,306)		(331,114)		546,079		(143,728)
Contract owners’ equity beginning of period			9,239,860		9,282,503		288,279		241,203		1,000,046		1,331,160		3,793,141		3,936,869
Contract owners’ equity end of period	$		8,876,026		9,239,860		294,638		288,279		988,740		1,000,046		4,339,220		3,793,141
CHANGES IN UNITS:
Beginning units			919,617		978,940		19,480		17,280		47,496		57,763		163,757		177,862
Units purchased			58,784		78,753		618		7,384		2,505		4,497		25,043		18,274
Units redeemed			(211,340)		(138,076)		(3,071)		(5,184)		(10,113)		(14,764)		(21,351)		(32,379)
Ending units			767,061		919,617		17,027		19,480		39,888		47,496		167,449		163,757

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		ACVCA				ACVIG				ACVIP2				ACVI
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(11,740)		(11,689)		26,213		18,927		47,366		70,644		2,088		6,361
Realized gain (loss) on investments			11,810		30,556		(148,312)		(79,146)		83,527		48,313		(12,970)		(46,078)
Change in unrealized gain (loss) on investments			116,921		(123,789)		350,447		114,956		(23,970)		63,136		115,243		(48,950)
Reinvested capital gains			78,923		-		-		-		56,141		22,645		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			195,914		(104,922)		228,348		54,737		163,064		204,738		104,361		(88,667)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			5,982		14,900		60,347		80,457		82,875		115,693		22		350
Transfers between funds			28,921		(29,560)		(91,844)		122,469		64,691		442,600		17,545		(86,124)
Surrenders (note 6)			(15,236)		(49,999)		(259,726)		(159,088)		(263,735)		(96,964)		(147,183)		(45,509)
Death Benefits (note 4)			(77,341)		(78,685)		(125,027)		(3,531)		-		-		(21,436)		(6,595)
Net policy repayments (loans) (note 5)			71,571		26,127		79,904		(89,543)		3,229		(515)		141,227		2,792
Deductions for surrender charges (note 2d)			-		-		-		(4,439)		-		(653)		-		(873)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(43,715)		(41,002)		(99,970)		(100,423)		(122,898)		(84,258)		(23,644)		(23,512)
Asset charges (note 3):
MSP contracts			-		-		(1,915)		(2,060)		(3,080)		(2,373)		-		-
SL contracts or LSFP contracts			(1,142)		(1,185)		(438)		(439)		(386)		(409)		(1,213)		(1,540)
Adjustments to maintain reserves			1,104		(827)		14		(3)		43		15		2,438		(2,537)
Net equity transactions			(29,856)		(160,231)		(438,655)		(156,600)		(239,261)		373,136		(32,244)		(163,548)
Net change in contract owners’ equity			166,058		(265,153)		(210,307)		(101,863)		(76,197)		577,874		72,117		(252,215)
Contract owners’ equity beginning of period			1,296,493		1,561,646		1,734,536		1,836,399		2,414,844		1,836,970		544,239		796,454
Contract owners’ equity end of period	$		1,462,551		1,296,493		1,524,229		1,734,536		2,338,647		2,414,844		616,356		544,239
CHANGES IN UNITS:
Beginning units			110,222		122,710		134,693		146,005		159,716		135,075		43,714		58,982
Units purchased			5,494		2,721		8,423		18,575		14,466		36,419		2,219		802
Units redeemed			(8,071)		(15,209)		(39,149)		(29,887)		(29,728)		(11,778)		(5,020)		(16,070)
Ending units			107,645		110,222		103,967		134,693		144,454		159,716		40,913		43,714

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		ACVI3				ACVMV1				ACVU1				ACVV
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,569		3,314		19,282		11,429		(253)		(138)		-		2
Realized gain (loss) on investments			21,829		14,108		49,650		44,464		2,835		10,543		-		25
Change in unrealized gain (loss) on investments			15,137		(44,492)		47,737		(136,598)		4,339		(10,152)		-		(1)
Reinvested capital gains			-		-		75,061		37,368		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			38,535		(27,070)		191,730		(43,337)		6,921		253		-		26
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			17,070		14,162		69,260		98,376		(3)		5,370		-		242
Transfers between funds			(10,238)		(13,016)		(215,884)		95,562		39,077		26,935		-		15
Surrenders (note 6)			(37,524)		(2,711)		(64,473)		(50,966)		-		(1,453)		-		-
Death Benefits (note 4)			-		-		-		(8,416)		-		(12,720)		-		-
Net policy repayments (loans) (note 5)			537		84		(10,982)		(16,014)		(428)		(433)		-		(260)
Deductions for surrender charges (note 2d)			-		(51)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(5,784)		(6,511)		(57,371)		(59,067)		(11,082)		(11,459)		-		-
Asset charges (note 3):
MSP contracts			-		-		(390)		(488)		-		-		-		-
SL contracts or LSFP contracts			(834)		(947)		(8)		(57)		(150)		(100)		-		-
Adjustments to maintain reserves			(1)		1		23		9		5		-		-		(141)
Net equity transactions			(36,774)		(8,989)		(279,825)		58,939		27,419		6,140		-		(144)
Net change in contract owners’ equity			1,761		(36,059)		(88,095)		15,602		34,340		6,393		-		(118)
Contract owners’ equity beginning of period			207,937		243,996		1,413,783		1,398,181		46,196		39,803		-		118
Contract owners’ equity end of period	$		209,698		207,937		1,325,688		1,413,783		80,536		46,196		-		-
CHANGES IN UNITS:
Beginning units			16,408		16,935		94,413		92,240		4,026		3,404		-		5
Units purchased			1,257		1,081		3,252		12,769		2,923		2,765		-		-
Units redeemed			(4,008)		(1,608)		(21,197)		(10,596)		(861)		(2,143)		-		(5)
Ending units			13,657		16,408		76,468		94,413		6,088		4,026		-		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		ACVVS1				DVSCS				DCAP				DSC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		-		-		(521)		1,246		175,533		47,787		(1,270)		(360)
Realized gain (loss) on investments			360		6,318		200,224		119,993		275,791		(19,447)		8,424		(1,781)
Change in unrealized gain (loss) on investments			4,905		(8,941)		(18,936)		(165,133)		85,359		315,547		34,854		(37,829)
Reinvested capital gains			-		-		69,247		4,258		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			5,265		(2,623)		250,014		(39,636)		536,683		343,887		42,008		(39,970)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			5		(39)		97,354		57,684		193,370		169,112		22,213		22,909
Transfers between funds			(33)		(4,928)		27,629		290,443		(517,117)		1,421,578		191,571		39,050
Surrenders (note 6)			-		(3)		(396,902)		(100,571)		(352,943)		(307,249)		(8,105)		(32,256)
Death Benefits (note 4)			-		-		-		(5,579)		(2,834)		(22,666)		(5,659)		-
Net policy repayments (loans) (note 5)			28		45		961		270		18,396		(54,449)		(2,024)		9,568
Deductions for surrender charges (note 2d)			-		-		(250)		-		(2)		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(890)		(518)		(85,634)		(83,276)		(277,728)		(225,372)		(20,438)		(21,897)
Asset charges (note 3):
MSP contracts			-		-		(1,175)		(1,107)		(1,443)		(916)		-		-
SL contracts or LSFP contracts			(139)		(117)		(869)		(864)		(2,488)		(2,470)		(38)		(21)
Adjustments to maintain reserves			6		26		26		175		92		33		2		(18)
Net equity transactions			(1,023)		(5,534)		(358,860)		157,175		(942,697)		977,601		177,522		17,335
Net change in contract owners’ equity			4,242		(8,157)		(108,846)		117,539		(406,014)		1,321,488		219,530		(22,635)
Contract owners’ equity beginning of period			33,858		42,015		1,900,284		1,782,745		5,490,413		4,168,925		204,445		227,080
Contract owners’ equity end of period	$		38,100		33,858		1,791,438		1,900,284		5,084,399		5,490,413		423,975		204,445
CHANGES IN UNITS:
Beginning units			2,700		3,086		116,307		109,263		321,432		264,181		17,180		16,375
Units purchased			2		-		7,831		20,958		22,610		93,584		15,612		5,635
Units redeemed			(74)		(386)		(29,002)		(13,914)		(86,064)		(36,333)		(3,085)		(4,830)
Ending units			2,628		2,700		95,136		116,307		257,978		321,432		29,707		17,180

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		DGI				FVCA2P				FQB				FEIP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		11,601		10,009		21		196		72,904		77,299		967,535		726,332
Realized gain (loss) on investments			12,242		20,322		3		21,028		15,426		13,817		12,183		(972,222)
Change in unrealized gain (loss) on investments			180,169		(65,960)		3,602		(24,998)		93,792		(62,601)		2,440,455		408,189
Reinvested capital gains			-		-		4,081		-		-		-		2,414,078		-
Net increase (decrease) in contract owners’ equity resulting from operations			204,012		(35,629)		7,707		(3,774)		182,122		28,515		5,834,251		162,299
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			62,914		76,356		3,788		4,503		43,389		53,969		1,749,187		1,920,048
Transfers between funds			(3,828)		4,024		63,659		(119,004)		42,138		385,353		(173,342)		(672,853)
Surrenders (note 6)			(92,658)		(224,693)		-		-		(207,571)		(55,343)		(2,420,161)		(4,096,454)
Death Benefits (note 4)			(32,647)		(19,976)		-		(19,041)		(24,201)		-		(554,682)		(557,730)
Net policy repayments (loans) (note 5)			20,860		469		469		(143)		69,497		827		538,483		363,976
Deductions for surrender charges (note 2d)			-		(1,922)		-		-		(515)		-		(51)		(2,205)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(102,271)		(105,899)		(5,531)		(6,980)		(85,989)		(79,579)		(2,411,031)		(2,585,758)
Asset charges (note 3):
MSP contracts			(694)		(664)		-		-		(2,457)		(2,488)		(19,343)		(19,531)
SL contracts or LSFP contracts			(590)		(687)		(132)		-		(597)		(693)		(5,407)		(5,132)
Adjustments to maintain reserves			19		2		17		(5)		21		14		3,669		(1,002)
Net equity transactions			(148,895)		(272,990)		62,270		(140,670)		(166,285)		302,060		(3,292,678)		(5,656,641)
Net change in contract owners’ equity			55,117		(308,619)		69,977		(144,444)		15,837		330,575		2,541,573		(5,494,342)
Contract owners’ equity beginning of period			1,203,953		1,512,572		70,735		215,179		2,049,452		1,718,877		36,323,593		41,817,935
Contract owners’ equity end of period	$		1,259,070		1,203,953		140,712		70,735		2,065,289		2,049,452		38,865,166		36,323,593
CHANGES IN UNITS:
Beginning units			85,537		102,901		5,114		14,649		134,437		113,560		951,673		1,102,072
Units purchased			5,598		7,829		4,535		360		11,310		39,231		47,571		53,108
Units redeemed			(15,641)		(25,193)		(580)		(9,895)		(21,506)		(18,354)		(118,584)		(203,507)
Ending units			75,494		85,537		9,069		5,114		124,241		134,437		880,660		951,673

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		FHIP				FAMP				FCP				FNRS2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		475,592		633,975		108,978		180,376		-		(78)		5,230		10,129
Realized gain (loss) on investments			(234,668)		(335,887)		398,960		123,237		-		1,367		259,766		(330,272)
Change in unrealized gain (loss) on investments			1,001,442		84,189		815,084		(790,166)		-		(484)		(146,245)		100,420
Reinvested capital gains			-		-		89,127		64,764		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			1,242,366		382,277		1,412,149		(421,789)		-		805		118,751		(219,723)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			168,754		17,809		537,431		596,471		-		23,611		169,488		213,904
Transfers between funds			407,925		(331,711)		10,551		(313,935)		-		(313)		(466,868)		94,519
Surrenders (note 6)			(2,135,217)		(655,080)		(1,378,562)		(912,837)		-		-		(240,890)		(291,868)
Death Benefits (note 4)			(120,638)		(149,681)		(697,108)		(507,804)		-		(21,722)		(22,476)		(65,154)
Net policy repayments (loans) (note 5)			63,319		(132,142)		393,152		427,157		-		(1,758)		34,213		(25,743)
Deductions for surrender charges (note 2d)			-		(3,215)		(129)		(3)		-		-		(3)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(442,376)		(484,685)		(753,054)		(799,482)		-		-		(204,752)		(251,622)
Asset charges (note 3):
MSP contracts			(6,152)		(6,535)		(4,023)		(4,627)		-		-		(760)		(1,595)
SL contracts or LSFP contracts			(3,002)		(2,882)		(980)		(1,114)		-		-		(763)		(846)
Adjustments to maintain reserves			815		(55)		646		(140)		-		(17,814)		32		147
Net equity transactions			(2,066,572)		(1,748,177)		(1,892,076)		(1,516,314)		-		(17,996)		(732,779)		(328,258)
Net change in contract owners’ equity			(824,206)		(1,365,900)		(479,927)		(1,938,103)		-		(17,191)		(614,028)		(547,981)
Contract owners’ equity beginning of period			9,951,154		11,317,054		12,709,368		14,647,471		-		17,191		3,015,116		3,563,097
Contract owners’ equity end of period	$		9,126,948		9,951,154		12,229,441		12,709,368		-		-		2,401,088		3,015,116
CHANGES IN UNITS:
Beginning units			325,266		393,763		453,960		505,260		-		474		178,905		199,358
Units purchased			45,806		3,465		21,662		29,679		-		604		10,940		15,639
Units redeemed			(79,301)		(71,962)		(86,367)		(80,979)		-		(1,078)		(53,108)		(36,092)
Ending units			291,771		325,266		389,255		453,960		-		-		136,737		178,905

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		FF10S				FF20S				FF30S				FGP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		4,466		6,917		15,891		13,687		15,567		13,476		1,213		(122,068)
Realized gain (loss) on investments			37,104		10,674		(8,691)		(24,532)		(16,571)		(8,361)		(1,260,034)		(2,502,464)
Change in unrealized gain (loss) on investments			853		(20,955)		104,192		(550)		134,746		(35,853)		7,833,936		2,577,436
Reinvested capital gains			5,783		2,173		12,182		3,381		9,442		2,732		-		181,528
Net increase (decrease) in contract owners’ equity resulting from operations			48,206		(1,191)		123,574		(8,014)		143,184		(28,006)		6,575,115		134,432
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			10,320		10,897		26,451		68,311		53,439		50,662		2,952,412		3,242,170
Transfers between funds			(72,814)		102,849		249,367		(83,138)		88,484		83,443		(177,948)		(1,041,331)
Surrenders (note 6)			(25,695)		(4,542)		(96,987)		(51,932)		(15,205)		(32,331)		(4,458,049)		(5,907,872)
Death Benefits (note 4)			-		(5,057)		(6,238)		-		-		-		(491,022)		(403,398)
Net policy repayments (loans) (note 5)			708		3,087		1,365		17,859		(1,531)		3,250		598,858		457,728
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(121)		(2,960)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(20,373)		(17,502)		(48,209)		(50,928)		(68,739)		(51,862)		(3,456,275)		(3,635,113)
Asset charges (note 3):
MSP contracts			(668)		(505)		(392)		(208)		(37)		-		(13,800)		(13,680)
SL contracts or LSFP contracts			-		-		-		-		-		-		(9,747)		(9,033)
Adjustments to maintain reserves			9		3		27		(11)		21		(18)		2,691		(3,962)
Net equity transactions			(108,513)		89,230		125,384		(100,047)		56,432		53,144		(5,053,001)		(7,317,451)
Net change in contract owners’ equity			(60,307)		88,039		248,958		(108,061)		199,616		25,138		1,522,114		(7,183,019)
Contract owners’ equity beginning of period			426,440		338,401		884,068		992,129		903,411		878,273		47,556,461		54,739,480
Contract owners’ equity end of period	$		366,133		426,440		1,133,026		884,068		1,103,027		903,411		49,078,575		47,556,461
CHANGES IN UNITS:
Beginning units			32,653		25,737		68,322		75,333		71,678		67,463		1,356,975		1,564,221
Units purchased			3,215		10,513		16,040		6,278		11,599		10,934		79,498		88,499
Units redeemed			(10,670)		(3,597)		(6,766)		(13,289)		(7,098)		(6,719)		(228,399)		(295,745)
Ending units			25,198		32,653		77,596		68,322		76,179		71,678		1,208,074		1,356,975

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		FHIPR				FIGBS				FMCS				FOP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		193,930		233,507		73,277		130,043		(1,127)		(30,049)		79,929		52,671
Realized gain (loss) on investments			195,936		249,433		183,992		33,306		191,305		(143,873)		(39,767)		393,416
Change in unrealized gain (loss) on investments			87,153		(373,826)		(133,339)		16,902		219,588		(790,234)		1,004,605		(1,713,166)
Reinvested capital gains			-		-		115,644		126,727		542,896		14,045		19,454		14,358
Net increase (decrease) in contract owners’ equity resulting from operations			477,019		109,114		239,574		306,978		952,662		(950,111)		1,064,221		(1,252,721)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			579,030		598,566		132,007		183,133		315,881		365,725		11,595		(335)
Transfers between funds			(413,515)		334,320		(194,110)		150,869		(533,797)		(423,973)		(28,839)		(109,926)
Surrenders (note 6)			(356,694)		(701,288)		(454,812)		(304,675)		(800,623)		(522,461)		(359,591)		(757,581)
Death Benefits (note 4)			(15,758)		(23,603)		(56,601)		(8,013)		(127,327)		(29,921)		(19,660)		(152,580)
Net policy repayments (loans) (note 5)			128,006		158,290		9,405		(145,675)		128,282		(35,081)		(35,257)		(50,332)
Deductions for surrender charges (note 2d)			(138)		-		-		-		(450)		-		-		(291)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(372,896)		(384,396)		(177,548)		(169,326)		(374,305)		(410,682)		(240,593)		(281,830)
Asset charges (note 3):
MSP contracts			(2,151)		(1,687)		(2,726)		(2,558)		(1,324)		(2,167)		(2,609)		(2,935)
SL contracts or LSFP contracts			-		-		(1,188)		(908)		(1,382)		(1,578)		(1,214)		(1,571)
Adjustments to maintain reserves			202		11		57		11		130		(48)		598		(823)
Net equity transactions			(453,914)		(19,787)		(745,516)		(297,142)		(1,394,915)		(1,060,186)		(675,570)		(1,358,204)
Net change in contract owners’ equity			23,105		89,327		(505,942)		9,836		(442,253)		(2,010,297)		388,651		(2,610,925)
Contract owners’ equity beginning of period			3,638,251		3,548,924		4,723,412		4,713,576		7,322,065		9,332,362		5,632,143		8,243,068
Contract owners’ equity end of period	$		3,661,356		3,638,251		4,217,470		4,723,412		6,879,812		7,322,065		6,020,794		5,632,143
CHANGES IN UNITS:
Beginning units			294,862		297,618		322,206		343,280		290,887		329,447		276,643		339,326
Units purchased			56,585		90,301		22,949		24,892		13,279		18,721		4,369		3,808
Units redeemed			(90,288)		(93,057)		(71,770)		(45,966)		(64,721)		(57,281)		(34,409)		(66,491)
Ending units			261,159		294,862		273,385		322,206		239,445		290,887		246,603		276,643

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		FOSR				FVSS				FTVIS2				FTVRDI
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		51,189		27,426		998		4,733		73,477		72,323		58,739		39,446
Realized gain (loss) on investments			(171,899)		(757,693)		168,235		68,415		3,413		6,251		278,987		(82,461)
Change in unrealized gain (loss) on investments			754,583		(64,779)		68,783		(194,845)		55,345		(69,800)		92,487		251,537
Reinvested capital gains			12,575		8,520		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			646,448		(786,526)		238,016		(121,697)		132,235		8,774		430,213		208,522
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			469,548		493,353		31,449		26,219		42,195		49,940		128,599		137,101
Transfers between funds			279,455		(6,305)		241,870		(138,200)		187,884		290,747		296,049		959,765
Surrenders (note 6)			(314,487)		(1,014,062)		(169,366)		(60,982)		(203,718)		(118,850)		(559,175)		(345,982)
Death Benefits (note 4)			(867)		(25,750)		-		(7,368)		-		(10,821)		(10,419)		(6,250)
Net policy repayments (loans) (note 5)			147,662		168,513		28,304		(3,957)		20,667		2,104		14,309		73,023
Deductions for surrender charges (note 2d)			-		(177)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(290,967)		(375,023)		(61,534)		(52,262)		(73,376)		(70,621)		(161,622)		(148,450)
Asset charges (note 3):
MSP contracts			(832)		(1,164)		(537)		(605)		(1,479)		(1,237)		(553)		(273)
SL contracts or LSFP contracts			(1,045)		(1,000)		(531)		(1,073)		-		-		(1,226)		(1,237)
Adjustments to maintain reserves			61		(53)		18		(7)		22		(12)		49		12
Net equity transactions			288,528		(761,668)		69,673		(238,235)		(27,805)		141,250		(293,989)		667,709
Net change in contract owners’ equity			934,976		(1,548,194)		307,689		(359,932)		104,430		150,024		136,224		876,231
Contract owners’ equity beginning of period			3,157,594		4,705,788		985,317		1,345,249		1,198,075		1,048,051		3,729,163		2,852,932
Contract owners’ equity end of period	$		4,092,570		3,157,594		1,293,006		985,317		1,302,505		1,198,075		3,865,387		3,729,163
CHANGES IN UNITS:
Beginning units			284,955		349,129		68,196		84,576		96,131		85,740		215,866		175,148
Units purchased			75,005		62,064		22,580		2,677		18,625		22,316		29,391		73,408
Units redeemed			(52,797)		(126,238)		(19,314)		(19,057)		(21,558)		(11,925)		(44,362)		(32,690)
Ending units			307,163		284,955		71,462		68,196		93,198		96,131		200,895		215,866

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		FTVSVI				FTVDM3				TIF				TIF3
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		16,695		16,618		12,887		8,831		6,649		4,078		23,613		15,321
Realized gain (loss) on investments			78,007		(94,072)		94,393		156,742		(30,568)		222		(2,131)		(82,242)
Change in unrealized gain (loss) on investments			445,296		(85,824)		37,681		(459,910)		52,206		(33,614)		133,465		(73,825)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			539,998		(163,278)		144,961		(294,337)		28,287		(29,314)		154,947		(140,746)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			131,840		145,647		46,698		47,303		(38)		-		40,168		61,702
Transfers between funds			(226,339)		(137,290)		(173,851)		29,347		(82,604)		(8,973)		(138,541)		141,107
Surrenders (note 6)			(131,174)		(169,952)		(91,142)		(112,115)		(12,015)		(14,711)		(89,536)		(193,388)
Death Benefits (note 4)			(59,019)		(7,836)		(25,348)		(24,524)		-		-		(13,219)		-
Net policy repayments (loans) (note 5)			(1,280)		(133,617)		16,468		(9,533)		(2,172)		(11,870)		5,393		27,174
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(114,146)		(120,176)		(69,085)		(80,426)		(5,902)		(8,209)		(37,255)		(42,445)
Asset charges (note 3):
MSP contracts			(740)		(1,101)		(279)		(589)		(31)		(34)		(164)		(245)
SL contracts or LSFP contracts			(420)		(433)		(504)		(580)		-		-		(211)		(302)
Adjustments to maintain reserves			19		15		10		2		(16)		15		34		(16)
Net equity transactions			(401,259)		(424,743)		(297,033)		(151,115)		(102,778)		(43,782)		(233,331)		(6,413)
Net change in contract owners’ equity			138,739		(588,021)		(152,072)		(445,452)		(74,491)		(73,096)		(78,384)		(147,159)
Contract owners’ equity beginning of period			3,175,740		3,763,761		1,397,438		1,842,890		247,331		320,427		1,085,263		1,232,422
Contract owners’ equity end of period	$		3,314,479		3,175,740		1,245,366		1,397,438		172,840		247,331		1,006,879		1,085,263
CHANGES IN UNITS:
Beginning units			148,289		168,809		84,552		93,429		13,177		15,221		89,496		90,346
Units purchased			6,057		10,873		4,228		8,478		-		-		4,022		15,101
Units redeemed			(23,290)		(31,393)		(21,791)		(17,355)		(5,370)		(2,044)		(22,959)		(15,951)
Ending units			131,056		148,289		66,989		84,552		7,807		13,177		70,559		89,496

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		FTVGI3				FTVFA2				AMTB				AMBP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		180,353		171,030		3,023		(457)		72,749		92,063		(226)		(119)
Realized gain (loss) on investments			97,817		59,207		4,045		(789)		(11,401)		(46,080)		1,452		873
Change in unrealized gain (loss) on investments			146,300		(305,479)		8,532		(4,715)		51,445		(53,140)		1,420		(1,145)
Reinvested capital gains			4,947		21,783		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			429,417		(53,459)		15,600		(5,961)		112,793		(7,157)		2,646		(391)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			83,735		70,286		10,055		2,516		92,061		94,089		2,887		2,819
Transfers between funds			(397,975)		395,839		(40,986)		80,857		356,309		267,689		(5)		(1,447)
Surrenders (note 6)			(146,016)		(55,961)		(2,205)		(17,330)		(106,801)		(95,538)		(2,028)		-
Death Benefits (note 4)			-		-		-		-		(71,366)		(157,816)		-		-
Net policy repayments (loans) (note 5)			19,011		(6,164)		603		765		86,729		147,055		370		628
Deductions for surrender charges (note 2d)			-		(342)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(125,514)		(120,068)		(15,386)		(9,690)		(124,360)		(131,363)		(2,493)		(2,320)
Asset charges (note 3):
MSP contracts			(2,227)		(2,223)		(89)		(105)		(4,245)		(4,256)		-		-
SL contracts or LSFP contracts			(317)		(261)		-		-		(829)		(770)		-		-
Adjustments to maintain reserves			54		2		7		(9)		148		(7)		21		(3)
Net equity transactions			(569,249)		281,108		(48,001)		57,004		227,646		119,083		(1,248)		(323)
Net change in contract owners’ equity			(139,832)		227,649		(32,401)		51,043		340,439		111,926		1,398		(714)
Contract owners’ equity beginning of period			3,389,772		3,162,123		113,373		62,330		2,738,036		2,626,110		31,233		31,947
Contract owners’ equity end of period	$		3,249,940		3,389,772		80,972		113,373		3,078,475		2,738,036		32,631		31,233
CHANGES IN UNITS:
Beginning units			197,596		182,034		12,272		6,606		151,467		139,711		1,643		1,703
Units purchased			8,425		27,249		2,521		7,280		37,443		32,589		146		170
Units redeemed			(40,424)		(11,687)		(7,154)		(1,614)		(20,057)		(20,833)		(188)		(230)
Ending units			165,597		197,596		7,639		12,272		168,853		151,467		1,601		1,643

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		AMTG				AMGP				AMINS				AMMCGS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(8,859)		(9,064)		(94)		(65)		128		986		-		-
Realized gain (loss) on investments			55,631		68,268		1,668		50,238		(11)		(6)		4		(1)
Change in unrealized gain (loss) on investments			141,918		(69,410)		16,991		(56,549)		2,561		(3,835)		172		(46)
Reinvested capital gains			-		-		1,257		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			188,690		(10,206)		19,822		(6,376)		2,678		(2,855)		176		(47)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			31,609		14,377		(234)		2,516		205		-		179		1,473
Transfers between funds			(67,217)		(67,477)		(21,350)		(20,199)		7,008		14,523		(1)		-
Surrenders (note 6)			(36,027)		(58,986)		-		(13,317)		-		-		-		-
Death Benefits (note 4)			(25,189)		(66,202)		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			21,877		19,866		1,372		(508)		7		-		1		-
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(51,797)		(50,652)		(6,921)		(8,807)		(138)		(31)		(60)		(47)
Asset charges (note 3):
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			(2,670)		(2,932)		(495)		(431)		(78)		(26)		(8)		(6)
Adjustments to maintain reserves			756		(242)		(6)		(110)		4		(5)		-		(4)
Net equity transactions			(128,658)		(212,248)		(27,634)		(40,856)		7,008		14,461		111		1,416
Net change in contract owners’ equity			60,032		(222,454)		(7,812)		(47,232)		9,686		11,606		287		1,369
Contract owners’ equity beginning of period			1,606,724		1,829,178		167,177		214,409		13,870		2,264		1,369		-
Contract owners’ equity end of period	$		1,666,756		1,606,724		159,365		167,177		23,556		13,870		1,656		1,369
CHANGES IN UNITS:
Beginning units			145,365		162,338		12,326		16,384		1,202		172		63		-
Units purchased			6,676		5,479		194		3,829		538		1,035		8		66
Units redeemed			(17,559)		(22,452)		(2,265)		(7,887)		(17)		(5)		(3)		(3)
Ending units			134,482		145,365		10,255		12,326		1,723		1,202		68		63

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		AMTP				AMRS				AMFAS				AMSRS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		6,108		(5,021)		79		153		(1,065)		(676)		(1,622)		(861)
Realized gain (loss) on investments			54,517		132,591		5,270		1,877		8,149		14,049		48,846		(1,077)
Change in unrealized gain (loss) on investments			308,395		(418,445)		(6,278)		(4,976)		19,331		(29,282)		1,181		(27,750)
Reinvested capital gains			-		-		5,297		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			369,020		(290,875)		4,368		(2,946)		26,415		(15,909)		48,405		(29,688)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			71,791		119,562		328		724		6,858		4,689		20,522		27,466
Transfers between funds			(42,787)		(21,254)		(4,623)		25,378		(295,750)		354,959		(106,115)		109,497
Surrenders (note 6)			(69,464)		(241,472)		(10,671)		-		(24,331)		(5,380)		(19,088)		(26,594)
Death Benefits (note 4)			(55,543)		-		-		-		-		-		(4,460)		-
Net policy repayments (loans) (note 5)			44,395		(42,850)		248		259		(3,749)		297		2,198		22,876
Deductions for surrender charges (note 2d)			-		(2,998)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(62,861)		(57,648)		(3,937)		(4,048)		(12,715)		(8,474)		(21,763)		(24,412)
Asset charges (note 3):
MSP contracts			-		-		-		-		(76)		(36)		(112)		(110)
SL contracts or LSFP contracts			(9,161)		(9,520)		(88)		(126)		(35)		(60)		(23)		(2)
Adjustments to maintain reserves			300		(304)		4		(1)		5		6		-		13
Net equity transactions			(123,330)		(256,484)		(18,739)		22,186		(329,793)		346,001		(128,841)		108,734
Net change in contract owners’ equity			245,690		(547,359)		(14,371)		19,240		(303,378)		330,092		(80,436)		79,046
Contract owners’ equity beginning of period			2,346,973		2,894,332		36,412		17,172		401,660		71,568		528,381		449,335
Contract owners’ equity end of period	$		2,592,663		2,346,973		22,041		36,412		98,282		401,660		447,945		528,381
CHANGES IN UNITS:
Beginning units			122,685		134,264		2,941		1,294		31,077		5,428		31,842		26,097
Units purchased			4,309		6,488		58		2,029		619		26,745		1,570		7,721
Units redeemed			(12,317)		(18,067)		(1,456)		(382)		(24,698)		(1,096)		(8,980)		(1,976)
Ending units			114,677		122,685		1,543		2,941		6,998		31,077		24,432		31,842

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		OVMS				OVB				OVGS3				OVGS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		44,471		108,437		222,426		290,878		113,526		56,576		209,292		123,176
Realized gain (loss) on investments			(154,146)		(74,166)		(266,035)		(605,407)		(179,067)		(72,987)		370,043		937,718
Change in unrealized gain (loss) on investments			767,556		(18,885)		514,478		713,073		1,374,047		(617,914)		1,848,647		(2,299,657)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			657,881		15,386		470,869		398,544		1,308,506		(634,325)		2,427,982		(1,238,763)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			310,823		328,573		270,702		293,614		688,656		751,572		(906)		(749)
Transfers between funds			(95,653)		(84,219)		194,173		108,509		(259,095)		(82,147)		(120,396)		(401,016)
Surrenders (note 6)			(328,480)		(314,101)		(315,261)		(692,520)		(781,791)		(916,944)		(916,526)		(1,325,808)
Death Benefits (note 4)			(226,973)		(101,570)		(54,021)		(23,490)		(184,104)		(23,542)		(189,175)		(162,505)
Net policy repayments (loans) (note 5)			82,768		16,687		7,859		(82,333)		375,548		211,437		(63,298)		(288,122)
Deductions for surrender charges (note 2d)			(101)		-		-		(184)		(180)		(1,052)		(2)		(2,932)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(398,697)		(408,707)		(313,389)		(304,773)		(448,668)		(470,414)		(548,200)		(639,392)
Asset charges (note 3):
MSP contracts			(3,482)		(3,930)		(4,348)		(4,449)		(973)		(1,101)		(7,179)		(7,859)
SL contracts or LSFP contracts			(585)		(742)		(838)		(1,783)		(1,231)		(1,216)		(1,963)		(2,511)
Adjustments to maintain reserves			453		(82)		503		167		130		(69)		3,900		(3,163)
Net equity transactions			(659,927)		(568,091)		(214,620)		(707,242)		(611,708)		(533,476)		(1,843,745)		(2,834,057)
Net change in contract owners’ equity			(2,046)		(552,705)		256,249		(308,698)		696,798		(1,167,801)		584,237		(4,072,820)
Contract owners’ equity beginning of period			5,936,273		6,488,978		5,090,652		5,399,350		6,690,998		7,858,799		12,745,089		16,817,909
Contract owners’ equity end of period	$		5,934,227		5,936,273		5,346,901		5,090,652		7,387,796		6,690,998		13,329,326		12,745,089
CHANGES IN UNITS:
Beginning units			251,161		273,210		268,490		306,775		516,862		553,827		352,029		419,243
Units purchased			14,433		17,512		26,544		28,170		72,238		72,191		1,166		922
Units redeemed			(39,842)		(39,561)		(39,769)		(66,455)		(115,913)		(109,156)		(46,548)		(68,136)
Ending units			225,752		251,161		255,265		268,490		473,187		516,862		306,647		352,029

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		OVGI				OVSC				OVAG				OVSB
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		6,837		4,391		636		1,160		(6,017)		(6,026)		(128)		-
Realized gain (loss) on investments			27,164		(33,986)		48,661		171,648		(10,403)		87,040		9		-
Change in unrealized gain (loss) on investments			110,634		28,631		78,952		(218,371)		155,735		(78,664)		2,904		-
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			144,635		(964)		128,249		(45,563)		139,315		2,350		2,785		-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			41,965		52,551		41,234		39,586		57,144		76,379		3,389		-
Transfers between funds			149,489		(17,470)		47,839		41,121		(87,745)		175,457		162,487		-
Surrenders (note 6)			(153,813)		(98,321)		(111,069)		(119,247)		(62,922)		(95,754)		(3,694)		-
Death Benefits (note 4)			(24,483)		(6,691)		(8,575)		(4,287)		(30,931)		(23,395)		-		-
Net policy repayments (loans) (note 5)			18,551		32,170		33,764		14,970		59,859		10,966		2,645		-
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(63,375)		(60,144)		(39,323)		(40,967)		(100,774)		(96,999)		(1,923)		-
Asset charges (note 3):
MSP contracts			(1,547)		(1,637)		(46)		(52)		(230)		(175)		(45)		-
SL contracts or LSFP contracts			(306)		(242)		(169)		(287)		(127)		(152)		(21)		-
Adjustments to maintain reserves			29		(9)		22		(20)		18		(234)		3		-
Net equity transactions			(33,490)		(99,793)		(36,323)		(69,183)		(165,708)		46,093		162,841		-
Net change in contract owners’ equity			111,145		(100,757)		91,926		(114,746)		(26,393)		48,443		165,626		-
Contract owners’ equity beginning of period			960,270		1,061,027		761,914		876,660		952,499		904,056		-		-
Contract owners’ equity end of period	$		1,071,415		960,270		853,840		761,914		926,106		952,499		165,626		-
CHANGES IN UNITS:
Beginning units			94,664		103,909		37,417		41,810		169,111		160,815		-		-
Units purchased			23,131		10,423		4,830		4,584		19,061		45,134		16,651		-
Units redeemed			(27,305)		(19,668)		(6,464)		(8,977)		(47,492)		(36,838)		(368)		-
Ending units			90,490		94,664		35,783		37,417		140,680		169,111		16,283		-
																	(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		PMVAAA				PMVFBA				PMVLDA				PMVTRA
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		20,303		-		33,522		11,481		36,521		30,406		19,753		1,946
Realized gain (loss) on investments			2,314		-		20,234		42,112		13,040		15,133		26,757		(3,348)
Change in unrealized gain (loss) on investments			7,265		-		(37,593)		3,859		79,919		(32,247)		4,503		(2,554)
Reinvested capital gains			-		-		13,081		2,563		-		-		28,254		4,652
Net increase (decrease) in contract owners’ equity resulting from operations			29,882		-		29,244		60,015		129,480		13,292		79,267		696
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,270		-		17,789		15,075		76,422		53,044		35,840		7,355
Transfers between funds			766,506		-		(178,277)		174,386		424,978		283,336		1,513,691		318,996
Surrenders (note 6)			(53,084)		-		(46,999)		(15,775)		(417,745)		(246,446)		(424,316)		-
Death Benefits (note 4)			-		-		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			75		-		17,309		(3,420)		(14,283)		10,336		(7,668)		(6)
Deductions for surrender charges (note 2d)			-		-		-		-		(3)		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(4,207)		-		(28,746)		(29,166)		(90,572)		(88,857)		(50,271)		(5,902)
Asset charges (note 3):
MSP contracts			-		-		(451)		(170)		(4,030)		(3,882)		-		-
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			(2)		-		47		(65)		109		(35)		(36)		(54)
Net equity transactions			711,558		-		(219,328)		140,865		(25,124)		7,496		1,067,240		320,389
Net change in contract owners’ equity			741,440		-		(190,084)		200,880		104,356		20,788		1,146,507		321,085
Contract owners’ equity beginning of period			-		-		814,645		613,765		2,308,850		2,288,062		321,085		-
Contract owners’ equity end of period	$		741,440		-		624,561		814,645		2,413,206		2,308,850		1,467,592		321,085
CHANGES IN UNITS:
Beginning units			-		-		63,383		51,562		198,617		198,132		31,881		-
Units purchased			74,907		-		3,985		16,712		37,188		21,720		146,735		32,484
Units redeemed			(5,514)		-		(21,107)		(4,891)		(38,855)		(21,235)		(45,001)		(603)
Ending units			69,393		-		46,261		63,383		196,950		198,617		133,615		31,881

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		PVGIB				PVTIGB				PVTVB				ACEG
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,033		965		3,245		5,922		(606)		(3,789)		(51)		-
Realized gain (loss) on investments			638		10,284		2,113		18,385		(26,913)		41,674		(1,241)		-
Change in unrealized gain (loss) on investments			12,752		(15,937)		32,908		(57,233)		82,868		(184,930)		(284)		-
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			14,423		(4,688)		38,266		(32,926)		55,349		(147,045)		(1,576)		-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			8,721		33,081		8,794		13,604		26,064		39,377		540		-
Transfers between funds			(12)		(44,865)		31,650		(69,405)		(180,391)		(74,618)		13,566		-
Surrenders (note 6)			-		(20,035)		(13,240)		(29,401)		(54,364)		(96,706)		-		-
Death Benefits (note 4)			-		-		-		-		-		(365)		-		-
Net policy repayments (loans) (note 5)			(99)		(952)		16,050		1,337		2,479		(3,354)		54		-
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(6,345)		(6,435)		(10,459)		(11,297)		(23,164)		(28,578)		(698)		-
Asset charges (note 3):
MSP contracts			-		-		-		-		(176)		(167)		(29)		-
SL contracts or LSFP contracts			(7)		(6)		(30)		(75)		(50)		(107)		-		-
Adjustments to maintain reserves			(12)		6		(10)		(6)		10		(25)		(11)		-
Net equity transactions			2,246		(39,206)		32,755		(95,243)		(229,592)		(164,543)		13,422		-
Net change in contract owners’ equity			16,669		(43,894)		71,021		(128,169)		(174,243)		(311,588)		11,846		-
Contract owners’ equity beginning of period			76,863		120,757		168,454		296,623		550,242		861,830		-		-
Contract owners’ equity end of period	$		93,532		76,863		239,475		168,454		375,999		550,242		11,846		-
CHANGES IN UNITS:
Beginning units			5,866		8,753		11,967		17,397		38,313		49,080		-		-
Units purchased			618		371		3,722		1,194		1,609		3,220		1,298		-
Units redeemed			(461)		(3,258)		(1,666)		(6,624)		(16,851)		(13,987)		(78)		-
Ending units			6,023		5,866		14,023		11,967		23,071		38,313		1,220		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		AVBVI				TRHS2				TRLT2				VWBF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		236		136		(9,054)		(2,385)		2,720		1,824		31,650		150,490
Realized gain (loss) on investments			280		2,295		165,316		21,098		(981)		(7)		18,748		6,590
Change in unrealized gain (loss) on investments			1,741		(2,704)		142,521		(42,705)		1,155		(1,525)		13,222		(48,562)
Reinvested capital gains			-		-		40,703		-		267		671		28,256		42,034
Net increase (decrease) in contract owners’ equity resulting from operations			2,257		(273)		339,486		(23,992)		3,161		963		91,876		150,552
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			4,236		1,119		248,772		19,678		5,701		3,739		64,426		61,953
Transfers between funds			(963)		241		1,205,199		581,702		41,433		-		(99,592)		96,720
Surrenders (note 6)			-		(15,336)		(183,802)		(2,307)		-		-		(190,838)		(147,994)
Death Benefits (note 4)			-		-		(4,315)		-		-		-		(61,889)		(21,580)
Net policy repayments (loans) (note 5)			11		-		24,320		(808)		-		-		13,468		3,070
Deductions for surrender charges (note 2d)			-		(433)		-		-		-		-		-		(198)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(667)		(532)		(86,726)		(21,466)		(2,310)		(1,630)		(99,724)		(103,153)
Asset charges (note 3):
MSP contracts			-		-		(1,593)		(131)		-		-		(1,043)		(844)
SL contracts or LSFP contracts			(49)		(76)		-		-		(470)		(292)		(190)		(273)
Adjustments to maintain reserves			(1)		4		30		(7)		10		8		107		(10)
Net equity transactions			2,567		(15,013)		1,201,885		576,661		44,364		1,825		(375,275)		(112,309)
Net change in contract owners’ equity			4,824		(15,286)		1,541,371		552,669		47,525		2,788		(283,399)		38,243
Contract owners’ equity beginning of period			11,036		26,322		732,119		179,450		85,225		82,437		2,107,465		2,069,222
Contract owners’ equity end of period	$		15,860		11,036		2,273,490		732,119		132,750		85,225		1,824,066		2,107,465
CHANGES IN UNITS:
Beginning units			842		1,947		62,889		16,928		6,793		6,647		83,766		87,926
Units purchased			301		102		97,249		48,169		3,754		300		3,739		7,303
Units redeemed			(115)		(1,207)		(10,401)		(2,208)		(218)		(154)		(18,417)		(11,463)
Ending units			1,028		842		149,737		62,889		10,329		6,793		69,088		83,766

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		VWEM				VWHA				WRASP				WRHIP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(32,910)		50,978		945		82,303		17,880		14,313		(1,637)		-
Realized gain (loss) on investments			845,092		(65,768)		(439,386)		120,228		36,321		58,001		29,431		-
Change in unrealized gain (loss) on investments			754,002		(2,198,974)		(187,666)		(2,487,306)		382,841		(303,571)		17,766		-
Reinvested capital gains			-		-		827,476		163,917		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			1,566,184		(2,213,764)		201,369		(2,120,858)		437,042		(231,257)		45,560		-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			271,656		189,274		684,543		318,854		113,971		101,479		3,577		-
Transfers between funds			(463,597)		(1,244,384)		(898,064)		(261,972)		206,222		466,887		761,536		-
Surrenders (note 6)			(466,364)		(919,058)		(1,344,310)		(1,051,494)		(156,553)		(175,590)		(22,386)		-
Death Benefits (note 4)			(36,564)		(23,264)		(36,163)		(81,909)		(10,217)		(5,226)		-		-
Net policy repayments (loans) (note 5)			45,087		7,004		62,231		(19,853)		7,621		(14,760)		13		-
Deductions for surrender charges (note 2d)			(144)		(601)		(25)		-		(3)		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(289,416)		(319,429)		(397,656)		(481,763)		(91,242)		(81,600)		(12,180)		-
Asset charges (note 3):
MSP contracts			(2,553)		(3,272)		(4,965)		(5,992)		(2,207)		(2,682)		-		-
SL contracts or LSFP contracts			(2,604)		(3,140)		(1,050)		(1,640)		-		-		-		-
Adjustments to maintain reserves			136		(85)		575		(4,678)		38		1		4		-
Net equity transactions			(944,363)		(2,316,955)		(1,934,884)		(1,590,447)		67,630		288,509		730,564		-
Net change in contract owners’ equity			621,821		(4,530,719)		(1,733,515)		(3,711,305)		504,672		57,252		776,124		-
Contract owners’ equity beginning of period			5,866,511		10,397,230		9,826,674		13,537,979		2,366,129		2,308,877		-		-
Contract owners’ equity end of period	$		6,488,332		5,866,511		8,093,159		9,826,674		2,870,801		2,366,129		776,124		-
CHANGES IN UNITS:
Beginning units			275,202		359,541		214,307		244,410		198,560		178,931		-		-
Units purchased			12,093		11,140		8,754		8,229		32,393		41,369		74,737		-
Units redeemed			(50,605)		(95,479)		(53,061)		(38,332)		(27,643)		(21,740)		(3,347)		-
Ending units			236,690		275,202		170,000		214,307		203,310		198,560		71,390		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		WRMCG					SVDF						SVOF						WFVSCG
		2012			2011		2012			2011			2012			2011			2012			2011
Investment activity:
Net investment income (loss)	$		(308	)		-		(5,000	)		(4,747	)		(8,960	)		(10,621	)		(2,302	)		(3,337	)
Realized gain (loss) on investments			4,626			-		64,150			97,803			20,554			49,743			30,686			54,033
Change in unrealized gain (loss) on investments			4,482			-		42,976			(102,837	)		198,776			(164,700	)		(12,785	)		(83,467	)
Reinvested capital gains			-			-		-			-			538			-			19,112			-
Net increase (decrease) in contract owners’ equity resulting from operations			8,800			-		102,126			(9,781	)		210,908			(125,578	)		34,711			(32,771	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			525			-		20,630			24,165			2,182			7,537			35,908			26,409
Transfers between funds			211,615			-		(138,142	)		81,872			(47,243	)		(23,352	)		(121,806	)		(186,797	)
Surrenders (note 6)			(48,347	)		-		(28,777	)		(565	)		(18,805	)		(63,363	)		(42,318	)		(42,051	)
Death Benefits (note 4)			-			-		-			(24,807	)		-			(251,758	)		(29,887	)		-
Net policy repayments (loans) (note 5)			(30	)		-		10,320			1,962			8,424			2,301			(533	)		8,059
Deductions for surrender charges (note 2d)			-			-		-			-			-			(1,133	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,809	)		-		(14,439	)		(15,987	)		(45,779	)		(48,844	)		(22,942	)		(29,703	)
Asset charges (note 3):
MSP contracts			-			-		-			-			-			-			(22	)		(22	)
SL contracts or LSFP contracts			-			-		(444	)		(416	)		(1,899	)		(2,172	)		-			-
Adjustments to maintain reserves			2			-		(2	)		203			1,366			(1,065	)		12			5
Net equity transactions			161,956			-		(150,854	)		66,427			(101,754	)		(381,849	)		(181,588	)		(224,100	)
Net change in contract owners’ equity			170,756			-		(48,728	)		56,646			109,154			(507,427	)		(146,877	)		(256,871	)
Contract owners’ equity beginning of period			-			-		635,981			579,335			1,485,611			1,993,038			484,854			741,725
Contract owners’ equity end of period	$		170,756			-		587,253			635,981			1,594,765			1,485,611			337,977			484,854
CHANGES IN UNITS:
Beginning units			-			-		29,996			26,745			85,290			108,947			30,813			44,714
Units purchased			21,828			-		685			5,450			1,099			1,412			1,254			2,047
Units redeemed			(4,958	)		-		(7,414	)		(2,199	)		(6,205	)		(25,069	)		(12,039	)		(15,948	)
Ending units			16,870			-		23,267			29,996			80,184			85,290			20,028			30,813

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		JAGTS2				JAIGS2				AVCA				AVCDI
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(757)		(2,047)		(8,050)		(10,496)		(34)		(259)		(291)		(847)
Realized gain (loss) on investments			23,333		50,416		(469,429)		481,365		4,476		(1,395)		40,332		27,117
Change in unrealized gain (loss) on investments			41,394		(91,728)		1,013,149		(2,684,126)		(362)		(6,720)		(16,742)		(39,856)
Reinvested capital gains			-		-		-		55,772		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			63,970		(43,359)		535,670		(2,157,485)		4,080		(8,374)		23,299		(13,586)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			14,267		48,178		62,152		298,104		201		1,386		3,947		32,858
Transfers between funds			(406,649)		(30,147)		(4,501,370)		(868,232)		(33,802)		(32,554)		(175,575)		(4,341)
Surrenders (note 6)			(3,313)		(47,015)		(148,348)		(554,182)		(403)		(39,426)		(1,811)		(32,556)
Death Benefits (note 4)			-		(30,231)		(11,978)		(8,544)		-		-		(9,325)		-
Net policy repayments (loans) (note 5)			7,230		47,306		(5,105)		80,224		(305)		(45)		567		3,674
Deductions for surrender charges (note 2d)			-		-		-		-		-		(335)		-		(439)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(7,195)		(23,183)		(69,954)		(280,518)		(427)		(2,709)		(4,412)		(13,832)
Asset charges (note 3):
MSP contracts			(17)		(70)		(448)		(2,126)		(42)		(120)		(16)		(109)
SL contracts or LSFP contracts			-		-		-		-		-		(8)		(38)		(125)
Adjustments to maintain reserves			3		(16)		(4)		(165)		2		(2)		10		12
Net equity transactions			(395,674)		(35,178)		(4,675,055)		(1,335,439)		(34,776)		(73,813)		(186,653)		(14,858)
Net change in contract owners’ equity			(331,704)		(78,537)		(4,139,385)		(3,492,924)		(30,696)		(82,187)		(163,354)		(28,444)
Contract owners’ equity beginning of period			331,704		410,241		4,139,385		7,632,309		30,696		112,883		163,354		191,798
Contract owners’ equity end of period	$		-		331,704		-		4,139,385		-		30,696		-		163,354
CHANGES IN UNITS:
Beginning units			32,314		36,259		395,497		490,768		2,493		8,461		9,611		10,408
Units purchased			2,000		6,450		6,360		27,591		18		405		259		986
Units redeemed			(34,314)		(10,395)		(401,857)		(122,862)		(2,511)		(6,373)		(9,870)		(1,783)
Ending units			-		32,314		-		395,497		-		2,493		-		9,611

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		NVAGF3				CSIEF3				OVHI3				OVHI
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		-		3,564		-		23,085		18,097		14,061		10,488		6,116
Realized gain (loss) on investments			-		(6,636)		-		(73,105)		(10,050)		6,687		(126,821)		(39,116)
Change in unrealized gain (loss) on investments			-		377		-		(86,084)		4,384		(19,052)		123,622		31,384
Reinvested capital gains			-		5,065		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			-		2,370		-		(136,104)		12,431		1,696		7,289		(1,616)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		1,925		-		24,301		14,000		18,679		2,104		1,550
Transfers between funds			-		(71,896)		-		(696,329)		(96,916)		4,798		(65,575)		(8,399)
Surrenders (note 6)			-		(3,010)		-		(20,856)		-		(104,898)		(1)		(737)
Death Benefits (note 4)			-		-		-		(12,363)		-		-		-		-
Net policy repayments (loans) (note 5)			-		110		-		5,974		(4,804)		7,164		(32)		(77)
Deductions for surrender charges (note 2d)			-		-		-		(164)		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			-		(1,084)		-		(31,732)		(6,759)		(6,210)		(1,746)		(2,425)
Asset charges (note 3):
MSP contracts			-		-		-		(194)		(81)		(150)		(78)		(92)
SL contracts or LSFP contracts			-		-		-		(932)		-		-		(80)		(90)
Adjustments to maintain reserves			-		11		-		177		(2)		1		1		-
Net equity transactions			-		(73,944)		-		(732,118)		(94,562)		(80,616)		(65,407)		(10,270)
Net change in contract owners’ equity			-		(71,574)		-		(868,222)		(82,131)		(78,920)		(58,118)		(11,886)
Contract owners’ equity beginning of period			-		71,574		-		868,222		82,131		161,051		58,118		70,004
Contract owners’ equity end of period	$		-		-		-		-		-		82,131		-		58,118
CHANGES IN UNITS:
Beginning units			-		5,842		-		76,928		28,935		55,344		14,611		17,194
Units purchased			-		405		-		2,320		5,109		11,673		474		366
Units redeemed			-		(6,247)		-		(79,248)		(34,044)		(38,082)		(15,085)		(2,949)
Ending units			-		-		-		-		-		28,935		-		14,611

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		WSCP				NVAGF6				GEF3				FGOP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		-		5,722		-		-		-		434		-		-
Realized gain (loss) on investments			-		(167,997)		-		623		-		7,965		-		31
Change in unrealized gain (loss) on investments			-		(238,025)		-		(386)		-		(10,823)		-		(1)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			-		(400,300)		-		237		-		(2,424)		-		30
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		340,273		-		-		-		697		-		21,940
Transfers between funds			-		(5,625,434)		-		-		-		(73,267)		-		(22,034)
Surrenders (note 6)			-		(282,947)		-		-		-		-		-		-
Death Benefits (note 4)			-		(14,572)		-		(11,038)		-		-		-		-
Net policy repayments (loans) (note 5)			-		5,641		-		-		-		-		-		85
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			-		(340,107)		-		(324)		-		(736)		-		-
Asset charges (note 3):
MSP contracts			-		(1,865)		-		-		-		-		-		-
SL contracts or LSFP contracts			-		(925)		-		(8)		-		-		-		-
Adjustments to maintain reserves			-		(25,995)		-		(3)		-		(1)		-		(156)
Net equity transactions			-		(5,945,931)		-		(11,373)		-		(73,307)		-		(165)
Net change in contract owners’ equity			-		(6,346,231)		-		(11,136)		-		(75,731)		-		(135)
Contract owners’ equity beginning of period			-		6,346,231		-		11,136		-		75,731		-		135
Contract owners’ equity end of period	$		-		-		-		-		-		-		-		-
CHANGES IN UNITS:
Beginning units			-		402,639		-		905		-		5,113		-		12
Units purchased			-		24,276		-		-		-		48		-		61
Units redeemed			-		(426,915)		-		(905)		-		(5,161)		-		(73)
Ending units			-		-		-		-		-		-		-		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011

		OVGR
		2012		2011
Investment activity:
Net investment income (loss)	$		-		1
Realized gain (loss) on investments			-		15
Change in unrealized gain (loss) on investments			-		(6)
Reinvested capital gains			-		-
Net increase (decrease) in contract owners’ equity resulting from operations			-		10
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		1,044
Transfers between funds			-		(975)
Surrenders (note 6)			-		(1)
Death Benefits (note 4)			-		-
Net policy repayments (loans) (note 5)			-		484
Deductions for surrender charges (note 2d)			-		(254)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			-		(57)
Asset charges (note 3):
MSP contracts			-		(240)
SL contracts or LSFP contracts			-		1
Adjustments to maintain reserves			-		(94)
Net equity transactions			-		(92)
Net change in contract owners’ equity			-		(82)
Contract owners’ equity beginning of period			-		82
Contract owners’ equity end of period	$		-		-
CHANGES IN UNITS:
Beginning units			-		5
Units purchased			-		-
Units redeemed			-		(5)
Ending units			-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

(1) Background and 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 and certain other fees, were offered for purchase. Beginning December 31, 1990, contracts with a front-end sales charge and certain other fees, are offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges.

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

ALLIANCE BERNSTEIN FUNDS

  VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)

BLACKROCK FUNDS

  Global Allocation V.I. Fund - Class II (MLVGA2)

DREYFUS CORPORATION FUNDS

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

  The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

  Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)

INVESCO AIM INVESTMENTS

  Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)

JANUS FUNDS

  Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)

  Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)

  Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)

  Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)

MASSACHUSETTS FINANCIAL SERVICES CO.

  Investors Growth Stock Series - Initial Class (MIGIC)

  Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)

  Value Series - Initial Class (MVFIC)

MORGAN STANLEY

  Core Plus Fixed Income Portfolio - Class I (MSVFI)

  Emerging Markets Debt Portfolio - Class I (MSEM)

  U.S. Real Estate Portfolio - Class I (MSVRE)

NATIONWIDE FUNDS GROUP

  American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)

  American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)

  American Funds NVIT Bond Fund - Class II (GVABD2)

  American Funds NVIT Global Growth Fund - Class II (GVAGG2)

  American Funds NVIT Growth Fund - Class II (GVAGR2)

  American Funds NVIT Growth-Income Fund - Class II (GVAGI2)

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

  Federated NVIT High Income Bond Fund - Class III (HIBF3)

  NVIT Emerging Markets Fund - Class I (GEM)

  NVIT Emerging Markets Fund - Class III (GEM3)

  NVIT International Equity Fund - Class I (GIG)

  NVIT International Equity Fund - Class III (GIG3)

  Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)

  Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)

  Neuberger Berman NVIT Socially Responsible Fund - Class II (NVNSR2)*

  NVIT Cardinal Aggressive Fund - Class I (NVCRA1)

  NVIT Cardinal Balanced Fund - Class I (NVCRB1)

  NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)

  NVIT Cardinal Conservative Fund - Class I (NVCCN1)

  NVIT Cardinal Moderate Fund - Class I (NVCMD1)

  NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)

  NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)

  NVIT Core Bond Fund - Class I (NVCBD1)

  NVIT Core Plus Bond Fund - Class I (NVLCP1)

  NVIT Nationwide Fund - Class I (TRF)

  NVIT Government Bond Fund - Class I (GBF)

  American Century NVIT Growth Fund - Class I (CAF)

  NVIT International Index Fund - Class VI (GVIX6)

  NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)

  NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)

  NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)

  NVIT Investor Destinations Conservative Fund - Class II (GVIDC)

  NVIT Investor Destinations Moderate Fund - Class II (GVIDM)

  NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)

  NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)

  NVIT Mid Cap Index Fund - Class I (MCIF)

  NVIT Money Market Fund - Class I (SAM)

  NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)

  NVIT Multi-Manager International Value Fund - Class I (GVDIVI)

  NVIT Multi-Manager International Value Fund - Class III (GVDIV3)

  NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)

  NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)

  NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)

  NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)

  NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)

  NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)

  NVIT Multi-Manager Small Company Fund - Class I (SCF)

  NVIT Multi-Sector Bond Fund - Class I (MSBF)

  NVIT Short Term Bond Fund - Class II (NVSTB2)

  NVIT Large Cap Growth Fund - Class I (NVOLG1)

  Templeton NVIT International Value Fund - Class III (NVTIV3)

  Van Kampen NVIT Comstock Value Fund - Class I (EIF)

  NVIT Real Estate Fund - Class I (NVRE1)

PORTFOLIOS OF THE ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC

  VPS Growth and Income Portfolio - Class A (ALVGIA)

  VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)

PORTFOLIOS OF THE AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

  VP Balanced Fund - Class I (ACVB)

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

  VP Capital Appreciation Fund - Class I (ACVCA)

  VP Income & Growth Fund - Class I (ACVIG)

  American Century VP Inflation Protection Fund - Class II (ACVIP2)

  VP International Fund - Class I (ACVI)

  VP International Fund - Class III (ACVI3)

  VP Mid Cap Value Fund - Class I (ACVMV1)

  VP Ultra(R) Fund - Class I (ACVU1)

  VP Value Fund - Class I (ACVV)*

  VP Vista(SM) Fund - Class I (ACVVS1)

PORTFOLIOS OF THE DREYFUS INVESTMENT PORTFOLIOS

  Small Cap Stock Index Portfolio - Service Shares (DVSCS)

PORTFOLIOS OF THE DREYFUS VARIABLE INVESTMENT FUND

  Appreciation Portfolio - Initial Shares (DCAP)

  Opportunistic Small Cap Portfolio: Initial Shares (DSC)

  Growth and Income Portfolio - Initial Shares (DGI)

PORTFOLIOS OF THE FEDERATED INSURANCE SERIES

  Capital Appreciation Fund II - Primary Shares (FVCA2P)

  Quality Bond Fund II - Primary Shares (FQB)

PORTFOLIOS OF THE FIDELITY(R) VARIABLE INSURANCE PRODUCTS

  Equity-Income Portfolio - Initial Class (FEIP)

  High Income Portfolio - Initial Class (FHIP)

  VIP Asset Manager Portfolio - Initial Class (FAMP)

  VIP Contrafund Portfolio - Initial Class (FCP)*

  VIP Energy Portfolio - Service Class 2 (FNRS2)

  VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)

  VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)

  VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)

  VIP Growth Opportunities Portfolio - Initial Class (FGOP)*

  VIP Growth Portfolio - Initial Class (FGP)

  VIP High Income Portfolio - Initial Class R (FHIPR)

  VIP Investment Grade Bond Portfolio - Service Class (FIGBS)

  VIP Mid Cap Portfolio - Service Class (FMCS)

  VIP Overseas Portfolio - Initial Class (FOP)

  VIP Overseas Portfolio - Service Class R (FOSR)

  VIP Value Strategies Portfolio - Service Class (FVSS)

PORTFOLIOS OF THE FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRU

  Franklin Income Securities Fund - Class 2 (FTVIS2)

  Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)

  Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)

  Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)

  Templeton Foreign Securities Fund - Class 1 (TIF)

  Templeton Foreign Securities Fund - Class 3 (TIF3)

  Templeton Global Bond Securities Fund - Class 3 (FTVGI3)

  VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)

PORTFOLIOS OF THE NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST

  Advisers Management Trust - Short Duration Bond Portfolio - l Class Shares (AMTB)

  Balanced Portfolio - I Class Shares (AMBP)

  Growth Portfolio - I Class Shares (AMTG)

  Guardian Portfolio - I Class Shares (AMGP)

  International Portfolio - S Class Shares (AMINS)

  Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)

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

  Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)

  Small-Cap Growth Portfolio - S Class Shares (AMFAS)

  Socially Responsive Portfolio - I Class Shares (AMSRS)

PORTFOLIOS OF THE OPPENHEIMER VARIABLE ACCOUNT FUNDS

  Balanced Fund/VA - Non-Service Shares (OVMS)

  Capital Appreciation Fund/VA - Non-Service Shares (OVGR)*

  Core Bond Fund/VA - Non-Service Shares (OVB)

  Global Securities Fund/VA - Class 3 (OVGS3)

  Global Securities Fund/VA - Non-Service Shares (OVGS)

  Main Street Fund(R)/VA - Non-Service Shares (OVGI)

  Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)

  Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)

  Global Strategic Income Fund/VA: Non-service Shares (OVSB)

PORTFOLIOS OF THE PIMCO VARIABLE INSURANCE TRUST

  All Asset Portfolio - Administrative Class (PMVAAA)

  Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)

  Low Duration Portfolio - Administrative Class (PMVLDA)

  Total Return Portfolio - Administrative Class (PMVTRA)

PORTFOLIOS OF THE PUTNAM VARIABLE TRUST

  Putnam VT Growth and Income Fund - Class IB (PVGIB)

  Putnam VT International Equity Fund - Class IB (PVTIGB)

  Putnam VT Voyager Fund - Class IB (PVTVB)

PORTFOLIOS OF THE VAN KAMPEN LIFE INVESTMENT TRUST

  Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)

  Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)

  Variable Insurance Funds - Invesco V.I. Mid Cap Core Equity - Series I Shares  (AVMCCI)*

T. ROWE PRICE

  Blue Chip Growth Portfolio - II (TRBCG2)*

  Equity Income Portfolio - II (TREI2)*

  Health Sciences Portfolio - II (TRHS2)

  Limited-Term Bond Portfolio - II (TRLT2)

VAN ECK ASSOCIATES CORPORATION

  VIP Trust - Global Bond Fund: Initial Class (VWBF)

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

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

WADDELL & REED, INC.

  Variable Insurance Portfolios - Asset Strategy (WRASP)

  Variable Insurance Portfolios - High Income (WRHIP)

  Variable Insurance Portfolios - Mid Cap Growth (WRMCG)

WELLS FARGO FUNDS

  Advantage VT Discovery Fund (SVDF)

  Advantage VT Opportunity Fund - Class 2 (SVOF)

  Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)

*At December 31, 2012, contract owners were not invested in this fund.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain policy and assets charges (see notes 2 and 3). The accompanying financial statements include only contract owners’ purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.

A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.

Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.

A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners’ Equity if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.

The Company allocates purchase payments to sub-accounts and/or the fixed account as instructed by the contract owner. Shares of the sub-accounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing net asset value per share at December 31, 2012 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

Operations of the Account form a part of, and are taxed with, operations of the Company, which is taxed as a life insurance company under the provisions of the Internal Revenue Code. The Company does not provide for income taxes within the Account. Taxes are generally the responsibility of the contract owner upon termination or withdrawal.

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

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

(f) Recently Issued Accounting Standards

There are no recently issued accounting standards applicable to the Account.

(g) Subsequent Events

The Company evaluated subsequent events through the date the financial statements were issued with the SEC.

(2) Policy Charges

(a) Deductions from Premiums

For single premium and modified single premium contracts, no deduction is made from any premium at the time of payment. On multiple payment and flexible premium contracts, the Company deducts a charge for state premium taxes equal to 3.50% 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 2.50% of each premium payment. For flexible premium contracts, the sales load is reduced to 0.50% on any portion of the annual premium paid in excess of the annual break point premium. On last survivor flexible premium contracts, the Company deducts a charge for state premium taxes equal to 3.50% 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 5.00% of each premium payment during the first ten years and 1.50% of each premium payment thereafter. For policies issued in New York, the Company deducts a sales load from each premium payment received not to exceed 9.50% of each premium payment during the first ten years and 6.00% of each premium payment thereafter. The Company may at its sole discretion reduce this sales loading. For the periods ended December 31, 2012 and 2011, total front-end sales charge deductions were $1,752,778 and $1,909,964, respectively and were recognized as a reduction of purchase payments on the Statement of Changes in Contract Owners’ Equity.

(b) Cost of Insurance

A cost of insurance charge is assessed monthly against each contract by liquidating units. The amount of the charge varies widely and is based upon age, sex, rate class and net amount at risk (death benefit less total contract value).

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 contract owner.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

(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 totaling less than $25,000 – $10/month

      Purchase payments totaling $25,000 or more – none

Contracts issued on or after April 16, 1990:

      Purchase payments totaling less than $25,000 – $90/year ($65/year in New York)

      Purchase payments totaling $25,000 or more – $50/year

For multiple payment contracts, the Company currently deducts a monthly administrative charge of $5.00 (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 $5.00 per month not to exceed $7.50). Additionally, the Company deducts an increase charge when the policy’s specified amount is increased. The charge is equal $2.04 per year per $1,000 of the specified amount increase.

For modified single premium contracts, the Company deducts a monthly administrative charge equal to an annualized rate of 0.30% multiplied by the policy’s cash value to cover administrative, premium tax and deferred acquisition costs. For policy years 11 and later, this monthly charge is reduced to an annualized rate of 0.15% of the policy’s cash value. The monthly charge is subject to a $10.00 minimum.

For last survivor flexible premium contracts, the Company deducts a monthly administrative charge equal to the sum of the per policy charge and the per $1,000.00 basic coverage charge. For policy years one through ten, the per policy charge is $10.00. Additionally, there is a $0.04 per $1,000.00 basic coverage charge (not less than $20.00 or more than $80.00 per policy per year). For policy years eleven and after, the per policy charge is $5.00. Additionally, there is a $0.02 per $1,000 basic coverage charge (not less than $10.00 or more than $40.00 per policy per year). For policies issued in New York, the per policy charge is guaranteed not to exceed $7.50 per month in all years and there is a $0.04 per $1,000.00 basic coverage charge in policy year one only.

(d) Surrender Charges

Policy surrenders result in a withdrawal of contract value from the Account and payment of the surrender proceeds to the policy 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 a percentage of the original purchase payment. For single premium contracts issued prior to April 16, 1990, the charge is 8.00% in the first year and declines a specified amount each year. After the ninth year, the charge is 0.00%. For single premium contracts issued on or after April 16, 1990, the charge is 8.50% in the first year, and declines a specified amount each year. After the ninth year, the charge is 0.00%. However, if a policy’s specified amount increases, the amount of the increase will have a nine-year surrender charge period.

For multiple payment contracts, last survivor flexible premium contract and flexible premium contracts, the amount charged is based upon a specified percentage of the initial specified amount and varies by issue age, sex and rate class. The charge is reduced at certain time intervals, and declines a specified amount each year. After the eighth year for flexible premium contracts, after the ninth year for multiple payment contracts and after the tenth year for last survivor contracts, the charge is 0.00%. However, if a policy’s specified amount increases, the amount of the increase will have the same nine-year surrender charge period.

For modified single premium contracts, the amount charged is based on a percentage of the original premium payment. The charge is 10.00% of the initial premium payment and declines a specified amount each year to 0.00% after the end of the ninth year.

The Company may waive the surrender charge for certain contracts in which the sales expenses normally associated with the distribution of a contract are not incurred.

The charges above are assessed against each contract by liquidating units.

(3) Asset Charges

The Company deducts a charge related to the assumption of mortality and expense risk.

For modified single premium contracts (MSP), the Company deducts a charge equal to an annualized rate of 0.90%. For flexible premium contracts, the Company deducts a charge equal to an annualized rate of 0.80% in policy years one through nine. After the ninth year, the annualized rate is 0.80% on the first $25,000 of cash value and 0.50% on additional cash value. For last survivor flexible premium contracts (LSFP), the Company deducts a charge equal to an annualized rate of 0.80% in policy years one through ten. In policy years eleven and after, the charge will continue to be deducted, but may be reduced for policies at specified asset levels. For LSFP issued in New York, the Company deducts a charge equal to an annualized rate of 0.80% in policy years one through ten and 0.50% thereafter, regardless of cash value. This charge is assessed monthly by liquidating units.

For single premium contracts issued prior to April 16, 1990, the Company deducts a charge equal to an annualized rate of 0.95% during the first ten policy years, and 0.50% thereafter. For single premium contracts issued on or after April 16, 1990, the charge is equal to an annualized rate of 1.30% during the first ten policy years, and 1.00% thereafter. For multiple payment contracts, the Company deducts a charge equal to an annualized rate of 0.80%. For flexible premium and Variable Executive Life contracts, the charge is equal to an annualized rate of 0.80% during the first ten policy years, and 0.50% thereafter. This charge is assessed through a reduction in the unit value.

The following table provides mortality and expense risk charges by contract type for those charges that are assessed through a reduction in the unit value for the period ended December 31, 2012:

	Total		ALVDAA		MLVGA2		DSIF		DSRG
Single Premium issue prior to April 16, 1990	$	3,676		-		-		89		-
Single Premium issue after to April 16, 1990		445,305		-		-		19,420		1,953
Multiple Payment and Flexible Premium contracts		2,842,729		10		16,414		186,023		34,286
Variable Executive Life		11,266		-		-		676		-
Total	$	3,302,976		10		16,414		206,208		36,239
	GVGMNS		IVKMG1		JABS		JACAS		JAGTS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		4,383		968
Multiple Payment and Flexible Premium contracts		-		551		7,077		14,884		4,669
Variable Executive Life		-		-		-		-		-
Total		-		551		7,077		19,267		5,637

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	JAIGS		MIGIC		MNDIC		MVFIC		MSVFI
Single Premium issue prior to April 16, 1990	$	-		-		-		-		-
Single Premium issue after to April 16, 1990		7,274		-		-		-		-
Multiple Payment and Flexible Premium contracts		16,568		903		36		8,986		1,244
Variable Executive Life		10		-		-		-		-
Total	$	23,852		903		36		8,986		1,244
	MSEM		MSVRE		NVAMV1		GVAAA2		GVABD2
Single Premium issue prior to April 16, 1990		82		-		-		-		-
Single Premium issue after to April 16, 1990		2,482		14,281		7,353		-		-
Multiple Payment and Flexible Premium contracts		6,088		3		29,155		6,787		5,480
Variable Executive Life		-		-		222		1		-
Total		8,652		14,284		36,730		6,788		5,480
	GVAGG2		GVAGR2		GVAGI2		HIBF		HIBF3
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		6,980		8,700		4,136		280		8,255
Variable Executive Life		-		18		-		-		-
Total		6,980		8,718		4,136		280		8,255
	GEM		GEM3		GIG		GIG3		NVNMO1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		4,769		-		237		-		-
Multiple Payment and Flexible Premium contracts		2,586		12,788		2,449		18,161		60,192
Variable Executive Life		-		37		-		91		193
Total		7,355		12,825		2,686		18,252		60,385
	NVNSR1		NVCRA1		NVCRB1		NVCCA1		NVCCN1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		1,016		986		1,023		2,578		7,145
Variable Executive Life		-		-		-		-		-
Total		1,016		986		1,023		2,578		7,145
	NVCMD1		NVCMA1		NVCMC1		NVCBD1		NVLCP1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		1,391		-
Multiple Payment and Flexible Premium contracts		5,073		2,806		1,401		1,185		1,077
Variable Executive Life		-		-		-		-		-
Total		5,073		2,806		1,401		2,576		1,077
	TRF		GBF		CAF		GVIX6		GVIDA
Single Premium issue prior to April 16, 1990		131		220		-		-		-
Single Premium issue after to April 16, 1990		10,632		14,801		4,021		-		119
Multiple Payment and Flexible Premium contracts		253,584		39,112		69,284		1,927		10,095
Variable Executive Life		741		7		122		-		-
Total		265,088		54,140		73,427		1,927		10,214
	NVDBL2		NVDCA2		GVIDC		GVIDM		GVDMA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		950		2,980		5,271
Multiple Payment and Flexible Premium contracts		496		575		4,295		18,507		23,535
Variable Executive Life		-		-		-		-		98
Total		496		575		5,245		21,487		28,904
	GVDMC		MCIF		SAM		NVMIG3		GVDIVI
Single Premium issue prior to April 16, 1990		-		-		252		-		-
Single Premium issue after to April 16, 1990		1,815		5,322		34,981		1,408		-
Multiple Payment and Flexible Premium contracts		13,128		21,482		94,324		21,675		706
Variable Executive Life		-		82		1,000		-		-
Total		14,943		26,886		130,557		23,083		706
	GVDIV3		NVMLG1		NVMLV1		NVMMG1		NVMMV2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		1,465		147		931		234
Multiple Payment and Flexible Premium contracts		2,104		6,614		5,357		148,035		104,549
Variable Executive Life		-		-		-		299		6
Total		2,104		8,079		5,504		149,265		104,789
	SCGF		SCVF		SCF		MSBF		NVSTB2
Single Premium issue prior to April 16, 1990		-		100		70		-		-
Single Premium issue after to April 16, 1990		7,276		3,608		3,807		6,636		-
Multiple Payment and Flexible Premium contracts		4,361		18,141		77,726		6,812		2,647
Variable Executive Life		15		43		987		-		-
Total		11,652		21,892		82,590		13,448		2,647
	NVOLG1		NVTIV3		EIF		NVRE1		ALVGIA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		27,271		-		-		2,417		-
Multiple Payment and Flexible Premium contracts		214,446		291		2,784		47,532		1,456
Variable Executive Life		942		-		-		163		-
Total		242,659		291		2,784		50,112		1,456

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	ALVSVA		ACVB		ACVCA		ACVIG		ACVIP2
Single Premium issue prior to April 16, 1990	$	-		-		147		-		-
Single Premium issue after to April 16, 1990		-		7,075		11,435		959		-
Multiple Payment and Flexible Premium contracts		4,226		17,700		158		6,644		10,708
Variable Executive Life		-		-		-		69		118
Total	$	4,226		24,775		11,740		7,672		10,826
	ACVI		ACVMV1		ACVU1		DVSCS		DCAP
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		2,553		-		253		2,949		8,907
Multiple Payment and Flexible Premium contracts		101		6,643		-		6,498		21,058
Variable Executive Life		-		-		-		-		-
Total		2,654		6,643		253		9,447		29,965
	DSC		DGI		FVCA2P		FQB		FEIP
Single Premium issue prior to April 16, 1990		-		-		-		-		541
Single Premium issue after to April 16, 1990		-		902		-		5,811		34,066
Multiple Payment and Flexible Premium contracts		1,270		5,402		380		6,005		179,316
Variable Executive Life		-		15		-		-		1,262
Total		1,270		6,319		380		11,816		215,185
	FHIP		FAMP		FNRS2		FF10S		FF20S
Single Premium issue prior to April 16, 1990		174		231		-		-		-
Single Premium issue after to April 16, 1990		12,611		20,367		-		-		-
Multiple Payment and Flexible Premium contracts		39,497		56,523		14,092		1,655		5,591
Variable Executive Life		246		43		46		311		-
Total		52,528		77,164		14,138		1,966		5,591
	FF30S		FGP		FHIPR		FIGBS		FMCS
Single Premium issue prior to April 16, 1990		-		791		-		-		-
Single Premium issue after to April 16, 1990		-		35,764		-		-		-
Multiple Payment and Flexible Premium contracts		6,087		257,425		20,961		20,721		36,564
Variable Executive Life		-		1,857		48		29		21
Total		6,087		295,837		21,009		20,750		36,585
	FOP		FOSR		FVSS		FTVIS2		FTVRDI
Single Premium issue prior to April 16, 1990		157		-		-		-		-
Single Premium issue after to April 16, 1990		9,232		-		1,036		-		-
Multiple Payment and Flexible Premium contracts		23,715		18,053		3,866		5,695		19,007
Variable Executive Life		22		40		-		-		-
Total		33,126		18,093		4,902		5,695		19,007
	FTVSVI		FTVDM3		TIF		TIF3		FTVGI3
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		15,959		6,405		1,078		4,710		15,065
Variable Executive Life		-		-		-		-		103
Total		15,959		6,405		1,078		4,710		15,168
	FTVFA2		AMTB		AMBP		AMTG		AMGP
Single Premium issue prior to April 16, 1990		-		58		-		418		-
Single Premium issue after to April 16, 1990		-		8,537		-		8,291		533
Multiple Payment and Flexible Premium contracts		611		7,582		226		150		-
Variable Executive Life		-		146		-		-		-
Total		611		16,323		226		8,859		533
	AMTP		AMFAS		AMSRS		OVMS		OVB
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		4,148		-		-		7,369		5,628
Multiple Payment and Flexible Premium contracts		15		1,043		2,668		27,445		21,787
Variable Executive Life		-		22		-		7		-
Total		4,163		1,065		2,668		34,821		27,415
	OVGS3		OVGS		OVGI		OVSC		OVAG
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		8,977		294		-		1,668
Multiple Payment and Flexible Premium contracts		37,422		59,336		4,572		4,532		4,349
Variable Executive Life		291		551		-		-		-
Total		37,713		68,864		4,866		4,532		6,017
	OVSB		PMVAAA		PMVFBA		PMVLDA		PMVTRA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		128		1,045		3,167		10,536		5,105
Variable Executive Life		-		-		-		73		-
Total		128		1,045		3,167		10,609		5,105
	PVGIB		PVTIGB		PVTVB		ACEG		TRHS2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		481		1,079		2,567		51		9,054
Variable Executive Life		-		-		-		-		-
Total		481		1,079		2,567		51		9,054

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	VWBF		VWEM		VWHA		WRASP		WRHIP
Single Premium issue prior to April 16, 1990	$	76		-		-		-		-
Single Premium issue after to April 16, 1990		6,646		7,403		16,068		-		-
Multiple Payment and Flexible Premium contracts		6,366		25,458		36,566		12,762		1,637
Variable Executive Life		59		49		79		-		-
Total	$	13,147		32,910		52,713		12,762		1,637
	WRMCG		SVDF		SVOF		WFVSCG		JAGTS2
Single Premium issue prior to April 16, 1990		-		-		139		-		-
Single Premium issue after to April 16, 1990		-		5,000		10,220		-		-
Multiple Payment and Flexible Premium contracts		308		-		68		2,302		757
Variable Executive Life		-		-		-		-		-
Total		308		5,000		10,427		2,302		757
	JAIGS2		AVCA		AVCDI		OVHI3		OVHI
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		8,044		34		291		516		150
Variable Executive Life		6		-		-		-		-
Total		8,050		34		291		516		150
	WSCP
Single Premium issue prior to April 16, 1990		-
Single Premium issue after to April 16, 1990		-
Multiple Payment and Flexible Premium contracts		180
Variable Executive Life		-
Total		180

(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 90.00% (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, 6.50% interest is due and payable annually in advance of the policy anniversary date. For single premium contracts issued on or after April 16, 1990, multiple payment, flexible premium, modified single and last survivor flexible premium contracts, 6.00% 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 credited 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, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.

Contract owners may, with certain restrictions, transfer their assets between the Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. These transfers are the result of the contract owner executing fund exchanges. Fund exchanges from the Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Change in Contract Owners’ Equity. Policy loan transactions (note 5), executed at the direction of the contract owner, also result in transfers between the Account and the fixed account of the Company, but are included in Net Policy (Loans) Repayments. The fixed account assets are not reflected in the accompanying financial statements. For the periods ended December 31, 2012 and 2011, total transfers into the Account from the fixed account were $24,183,016 and $21,317,891, respectively, and total transfers from the Account to the fixed account were $24,051,007 and $24,466,331, respectively.

(7) Fair Value Measurement

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

In accordance with FASB ASC 820, the Account categorized its financial instruments into a three level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Account categorizes financial assets recorded at fair value as follows:

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

• Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.

• Level 3 – Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.

The Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2012.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2012:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	598,136,685	$	0	$	0	$	598,136,685

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2012 are as follows:

	Purchases of Investments		Sales of Investments
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)	$	4,301	$	10
Global Allocation V.I. Fund - Class II (MLVGA2)		763,019		717,599
Stock Index Fund, Inc. - Initial Shares (DSIF)		3,609,356		6,688,807
The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)		162,852		807,028
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)		5,448		-
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)		211,322		36,602
Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)		572,398		742,607
Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)		823,225		1,097,409
Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)		851,745		425,822
Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)		5,261,232		1,944,567
Investors Growth Stock Series - Initial Class (MIGIC)		16,254		16,432
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)		41,058		4,231
Value Series - Initial Class (MVFIC)		245,478		853,076
Core Plus Fixed Income Portfolio - Class I (MSVFI)		231,360		144,722
Emerging Markets Debt Portfolio - Class I (MSEM)		744,145		721,891
U.S. Real Estate Portfolio - Class I (MSVRE)		495,636		687,193
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)		431,146		1,414,527
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)		520,011		277,614
American Funds NVIT Bond Fund - Class II (GVABD2)		56,462		348,207
American Funds NVIT Global Growth Fund - Class II (GVAGG2)		678,296		1,165,548
American Funds NVIT Growth Fund - Class II (GVAGR2)		119,835		562,080
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)		91,422		502,441
Federated NVIT High Income Bond Fund - Class I (HIBF)		8,638		46,388
Federated NVIT High Income Bond Fund - Class III (HIBF3)		464,058		777,478
NVIT Emerging Markets Fund - Class I (GEM)		44,820		175,461
NVIT Emerging Markets Fund - Class III (GEM3)		166,482		770,372
NVIT International Equity Fund - Class I (GIG)		193,073		243,824
NVIT International Equity Fund - Class III (GIG3)		101,662		392,785
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)		1,122,702		1,249,806
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)		14,765		177,503
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)		69,655		62,848
NVIT Cardinal Balanced Fund - Class I (NVCRB1)		120,971		37,333
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)		100,567		41,932
NVIT Cardinal Conservative Fund - Class I (NVCCN1)		1,451,766		118,707
NVIT Cardinal Moderate Fund - Class I (NVCMD1)		106,773		80,986
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)		127,823		41,980
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)		103,676		128,722
NVIT Core Bond Fund - Class I (NVCBD1)		237,062		281,758
NVIT Core Plus Bond Fund - Class I (NVLCP1)		81,479		20,654
NVIT Nationwide Fund - Class I (TRF)		688,188		4,803,340
NVIT Government Bond Fund - Class I (GBF)		827,865		2,116,880
American Century NVIT Growth Fund - Class I (CAF)		183,467		1,365,512
NVIT International Index Fund - Class VI (GVIX6)		28,269		55,533
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)		94,062		249,441
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)		21,875		3,457
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)		29,245		25,225
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)		191,466		452,981
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)		354,690		1,229,979
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)		438,920		1,173,433
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)		315,636		235,421
NVIT Mid Cap Index Fund - Class I (MCIF)		951,437		1,456,294
NVIT Money Market Fund - Class I (SAM)		10,276,927		12,313,285
NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)		104,129		674,785
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)		530		11,139
NVIT Multi-Manager International Value Fund - Class III (GVDIV3)		37,253		120,503
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)		246,634		548,143
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)		98,889		324,845
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)		2,504,770		3,702,548
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)		2,053,990		2,367,510
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)		205,525		602,199
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)		584,635		1,241,381
NVIT Multi-Manager Small Company Fund - Class I (SCF)		205,416		2,197,699
NVIT Multi-Sector Bond Fund - Class I (MSBF)		679,750		729,828
NVIT Short Term Bond Fund - Class II (NVSTB2)		312,125		241,170
NVIT Large Cap Growth Fund - Class I (NVOLG1)		861,683		7,266,389
Templeton NVIT International Value Fund - Class III (NVTIV3)		53,696		14,006
Van Kampen NVIT Comstock Value Fund - Class I (EIF)		92,481		297,871
NVIT Real Estate Fund - Class I (NVRE1)		1,637,384		2,420,416
VPS Growth and Income Portfolio - Class A (ALVGIA)		55,201		92,516
VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)		369,138		498,940
VP Balanced Fund - Class I (ACVB)		596,596		421,250
VP Capital Appreciation Fund - Class I (ACVCA)		144,610		108,307
VP Income & Growth Fund - Class I (ACVIG)		211,796		624,232
American Century VP Inflation Protection Fund - Class II (ACVIP2)		514,761		650,531
VP International Fund - Class I (ACVI)		22,995		55,524
VP International Fund - Class III (ACVI3)		19,349		54,553
VP Mid Cap Value Fund - Class I (ACVMV1)		335,621		521,113
VP Ultra(R) Fund - Class I (ACVU1)		103,936		76,775
Small Cap Stock Index Portfolio - Service Shares (DVSCS)		463,220		753,357
Appreciation Portfolio - Initial Shares (DCAP)		1,285,750		2,052,922
Opportunistic Small Cap Portfolio: Initial Shares (DSC)		283,726		107,475
Growth and Income Portfolio - Initial Shares (DGI)		39,049		176,349
Capital Appreciation Fund II - Primary Shares (FVCA2P)		79,167		12,811
Quality Bond Fund II - Primary Shares (FQB)		337,805		431,180
Equity-Income Portfolio - Initial Class (FEIP)		3,969,153		3,883,133
High Income Portfolio - Initial Class (FHIP)		1,629,545		3,221,168

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

VIP Asset Manager Portfolio - Initial Class (FAMP)		562,844		2,257,259
VIP Energy Portfolio - Service Class 2 (FNRS2)		195,138		922,686
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)		76,157		174,425
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)		294,099		140,656
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)		236,424		154,990
VIP Growth Portfolio - Initial Class (FGP)		797,288		5,850,740
VIP High Income Portfolio - Initial Class R (FHIPR)		625,499		885,500
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)		920,849		1,477,466
VIP Mid Cap Portfolio - Service Class (FMCS)		933,203		1,786,404
VIP Overseas Portfolio - Initial Class (FOP)		147,447		724,147
VIP Overseas Portfolio - Service Class R (FOSR)		812,667		460,398
VIP Value Strategies Portfolio - Service Class (FVSS)		517,483		446,818
Franklin Income Securities Fund - Class 2 (FTVIS2)		320,192		274,529
Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)		836,982		1,072,237
Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)		122,758		507,312
Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)		137,774		421,919
Templeton Foreign Securities Fund - Class 1 (TIF)		7,758		103,870
Templeton Foreign Securities Fund - Class 3 (TIF3)		164,369		374,114
Templeton Global Bond Securities Fund - Class 3 (FTVGI3)		504,362		888,331
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)		33,313		78,298
Advisers Management Trust - Short Duration Bond Portfolio - I Class Shares (AMTB)		886,903		586,605
Balanced Portfolio - I Class Shares (AMBP)		2,653		4,146
Growth Portfolio - I Class Shares (AMTG)		57,752		195,586
Guardian Portfolio - I Class Shares (AMGP)		2,541		29,005
International Portfolio - S Class Shares (AMINS)		7,361		228
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)		179		68
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		70,900		188,401
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)		5,471		18,838
Small-Cap Growth Portfolio - S Class Shares (AMFAS)		8,639		339,500
Socially Responsive Portfolio - I Class Shares (AMSRS)		8,724		139,195
Balanced Fund/VA - Non-Service Shares (OVMS)		147,357		763,163
Core Bond Fund/VA - Non-Service Shares (OVB)		749,719		742,315
Global Securities Fund/VA - Class 3 (OVGS3)		508,615		1,006,845
Global Securities Fund/VA - Non-Service Shares (OVGS)		318,076		1,956,182
Main Street Fund(R)/VA - Non-Service Shares (OVGI)		414,587		441,266
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)		172,079		207,779
Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)		151,648		323,375
Global Strategic Income Fund/VA: Non-service Shares (OVSB)		170,605		7,896
All Asset Portfolio - Administrative Class (PMVAAA)		789,058		57,196
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)		192,772		365,552
Low Duration Portfolio - Administrative Class (PMVLDA)		889,832		878,555
Total Return Portfolio - Administrative Class (PMVTRA)		1,699,349		584,078
Putnam VT Growth and Income Fund - Class IB (PVGIB)		8,714		5,422
Putnam VT International Equity Fund - Class IB (PVTIGB)		65,244		29,234
Putnam VT Voyager Fund - Class IB (PVTVB)		87,271		317,474
Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)		36,878		23,499
Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)		4,479		1,674
Health Sciences Portfolio - II (TRHS2)		2,231,184		997,653
Limited-Term Bond Portfolio - II (TRLT2)		203,415		156,074
VIP Trust - Global Bond Fund: Initial Class (VWBF)		143,967		459,410
VIP Trust - Emerging Markets Fund: Initial Class (VWEM)		610,416		1,587,757
VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)		1,773,499		2,880,440
Variable Insurance Portfolios - Asset Strategy (WRASP)		529,208		443,709
Variable Insurance Portfolios - High Income (WRHIP)		1,416,099		687,175
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)		223,504		61,857
Advantage VT Discovery Fund (SVDF)		81,263		237,104
Advantage VT Opportunity Fund - Class 2 (SVOF)		14,158		125,586
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)		109,011		273,796
Janus Aspen Series - Global Technology Portfolio - Service II Shares (obsolete) (JAGTS2)		172,623		569,057
Janus Aspen Series - Overseas Portfolio - Service II Shares (obsolete) (JAIGS2)		65,181		4,748,283
V.I. Capital Appreciation Fund - Series I (obsolete) (AVCA)		6,273		41,083
V.I. Capital Development Fund - Series I (obsolete) (AVCDI)		15,096		202,050
High Income Fund/VA - Class 3 (obsolete) (OVHI3)		101,554		178,016
High Income Fund/VA - Non-Service Shares (obsolete) (OVHI)		12,603		67,523
Total	$	78,407,394	$	127,723,077

(8) Financial Highlights

The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable life contracts as of December 31, 2012, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2012. Total return and investment income ratio for periods with no ending contract owners’ equity were considered to be irrelevant, and therefore are not presented.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense   Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment  Income Ratio**		Total Return***		Inception Date****
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
2012		0.50%		443	$	10.220316	$	4,528		0.14%		2.20%		5/1/2012
Global Allocation V.I. Fund - Class II (MLVGA2)
2012		0.00%		24,810		14.209224		352,531		1.49%		10.14%
2012		0.50%		187,347		13.951062		2,613,690		1.49%		9.59%
2012		0.80%		32,501		13.798429		448,463		1.49%		9.26%
2011		0.00%		16,561		12.900807		213,650		2.10%		-3.63%
2011		0.50%		195,667		12.730054		2,490,851		2.10%		-4.11%
2011		0.80%		32,253		12.628697		407,313		2.10%		-4.39%
2010		0.00%		18,901		13.386468		253,018		1.39%		9.88%
2010		0.50%		186,041		13.275367		2,469,763		1.39%		9.33%
2010		0.80%		27,324		13.209155		360,927		1.39%		9.01%
2009		0.00%		11,131		12.182592		135,604		2.53%		21.83%		5/1/2009
2009		0.50%		65,483		12.142000		795,095		2.53%		21.42%		5/1/2009
2009		0.80%		9,208		12.117715		111,580		2.53%		21.18%		5/1/2009
Stock Index Fund, Inc. - Initial Shares (DSIF)
2012		0.00%		232,518		28.323595		6,585,746		2.02%		15.74%
2012		0.50%		675,418		37.814121		25,540,338		2.02%		15.16%
2012		0.80%		177,439		36.413259		6,461,132		2.02%		14.81%
2012		1.00%		183,017		10.801888		1,976,929		2.02%		14.58%
2012		1.30%		1		33.072407		33		2.02%		14.24%
2011		0.00%		242,229		24.472264		5,927,892		1.81%		1.88%
2011		0.50%		801,833		32.836419		26,329,324		1.81%		1.37%
2011		0.80%		201,415		31.715171		6,387,911		1.81%		1.07%
2011		1.00%		192,956		9.427090		1,819,014		1.81%		0.87%
2011		1.30%		1		28.950048		29		1.81%		0.56%
2010		0.00%		283,297		24.021269		6,805,153		1.83%		14.84%
2010		0.50%		880,255		32.392494		28,513,655		1.83%		14.27%
2010		0.80%		231,031		31.380193		7,249,797		1.83%		13.92%
2010		1.00%		227,384		9.346157		2,125,167		1.83%		13.70%
2010		1.30%		1		28.787558		29		1.83%		13.36%
2009		0.00%		340,061		20.917605		7,113,262		2.10%		26.33%
2009		0.50%		917,137		28.348457		25,999,419		2.10%		25.70%
2009		0.80%		259,068		27.544961		7,136,018		2.10%		25.33%
2009		1.00%		262,346		8.220290		2,156,560		2.10%		25.08%
2009		1.30%		1		25.395713		25		2.10%		24.70%
2008		0.00%		383,007		16.557351		6,341,581		2.05%		-37.14%
2008		0.50%		952,613		22.551717		21,483,059		2.05%		-37.46%
2008		0.80%		384,851		21.978365		8,458,396		2.05%		-37.64%
2008		1.00%		321,585		6.572170		2,113,511		2.05%		-37.77%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)
2012		0.00%		19,449		$    21.965624		$     427,209		0.80%		11.97%
2012		0.50%		99,652		31.091907		3,098,371		0.80%		11.42%
2012		0.80%		72,243		29.939352		2,162,909		0.80%		11.08%
2012		1.00%		17,745		7.894104		140,081		0.80%		10.86%
2011		0.00%		21,010		19.616581		412,144		0.89%		0.90%
2011		0.50%		108,447		27.906384		3,026,364		0.89%		0.40%
2011		0.80%		82,025		26.952830		2,210,806		0.89%		0.10%
2011		1.00%		25,610		7.120901		182,366		0.89%		-0.10%
2010		0.00%		22,495		19.441383		437,334		0.87%		14.82%
2010		0.50%		113,089		27.795479		3,143,363		0.87%		14.24%
2010		0.80%		92,318		26.926201		2,485,773		0.87%		13.90%
2010		1.00%		17,088		7.128076		121,805		0.87%		13.67%
2009		0.00%		25,239		16.932768		427,366		0.97%		33.76%
2009		0.50%		124,121		24.330103		3,019,877		0.97%		33.09%
2009		0.80%		100,952		23.639940		2,386,499		0.97%		32.69%
2009		1.00%		17,511		6.270634		109,805		0.97%		32.42%
2008		0.00%		26,451		12.659521		334,857		0.76%		-34.42%
2008		0.50%		136,568		18.281160		2,496,621		0.76%		-34.75%
2008		0.80%		117,793		17.815941		2,098,593		0.76%		-34.95%
2008		1.00%		19,389		4.735242		91,812		0.76%		-35.08%
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
2012		0.50%		532		10.278168		5,468		0.00%		2.78%		5/1/2012
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
2012		0.00%		2,945		9.827596		28,942		0.00%		-1.72%		4/27/2012
2012		0.50%		10,719		9.794347		104,986		0.00%		-2.06%		4/27/2012
2012		0.80%		3,722		9.774456		36,381		0.00%		-2.26%		4/27/2012
Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)
2012		0.00%		6,544		20.510267		134,219		2.45%		13.37%
2012		0.50%		66,020		19.542573		1,290,201		2.45%		12.81%
2012		0.80%		4,774		18.983974		90,629		2.45%		12.47%
2011		0.00%		3,796		18.090668		68,672		2.42%		1.35%
2011		0.50%		84,060		17.323728		1,456,233		2.42%		0.85%
2011		0.80%		5,460		16.879234		92,161		2.42%		0.55%
2010		0.00%		4,409		17.848881		78,696		2.53%		8.12%
2010		0.50%		63,353		17.177664		1,088,257		2.53%		7.58%
2010		0.80%		4,368		16.787086		73,326		2.53%		7.26%
2009		0.00%		4,468		16.508530		73,760		2.97%		25.58%
2009		0.50%		59,924		15.967283		956,823		2.97%		24.96%
2009		0.80%		4,174		15.651080		65,328		2.97%		24.58%
2008		0.00%		1,888		13.145664		24,819		2.61%		-16.06%
2008		0.50%		29,964		12.778352		382,891		2.61%		-16.48%
2008		0.80%		3,187		12.562910		40,038		2.61%		-16.73%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)
2012		0.00%		43,000		$    12.384741		$      532,544		0.58%		23.86%
2012		0.50%		188,843		11.624473		2,195,200		0.58%		23.24%
2012		0.80%		45,537		11.190935		509,602		0.58%		22.87%
2012		1.00%		49,672		11.393919		565,959		0.58%		22.62%
2011		0.00%		61,290		9.999175		612,849		0.23%		-6.94%
2011		0.50%		204,085		9.432470		1,925,026		0.23%		-7.40%
2011		0.80%		51,667		9.108015		470,584		0.23%		-7.68%
2011		1.00%		37,117		9.291820		344,884		0.23%		-7.87%
2010		0.00%		64,750		10.745026		695,740		0.22%		6.48%
2010		0.50%		295,574		10.186784		3,010,948		0.22%		5.95%
2010		0.80%		60,260		9.865878		594,518		0.22%		5.63%
2010		1.00%		54,095		10.085087		545,553		0.22%		5.42%
2009		0.00%		75,049		10.091229		757,337		0.01%		46.01%
2009		0.50%		369,606		9.614858		3,553,709		0.01%		45.29%
2009		0.80%		66,045		9.339933		616,856		0.01%		44.85%
2009		1.00%		57,975		9.566552		554,621		0.01%		44.56%
2008		0.00%		66,848		6.911095		461,993		0.01%		-44.31%
2008		0.50%		285,769		6.617843		1,891,174		0.01%		-44.59%
2008		0.80%		70,867		6.447916		456,944		0.01%		-44.75%
2008		1.00%		25,926		6.617584		171,567		0.01%		-44.86%
Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)
2012		0.00%		44,277		6.441181		285,196		0.00%		19.15%
2012		0.50%		155,921		6.045616		942,638		0.00%		18.55%
2012		0.80%		19,980		5.820037		116,284		0.00%		18.20%
2012		1.00%		24,515		5.948768		145,834		0.00%		17.96%
2012		1.30%		11		5.462609		60		0.00%		17.61%
2011		0.00%		59,113		5.405987		319,564		0.00%		-8.66%
2011		0.50%		83,027		5.099493		423,396		0.00%		-9.11%
2011		0.80%		13,985		4.923995		68,862		0.00%		-9.38%
2011		1.00%		16,819		5.043000		84,818		0.00%		-9.56%
2010		0.00%		64,558		5.918354		382,077		0.00%		24.40%
2010		0.50%		100,059		5.610750		561,406		0.00%		23.78%
2010		0.80%		17,459		5.433907		94,871		0.00%		23.41%
2010		1.00%		22,621		5.576370		126,143		0.00%		23.16%
2009		0.00%		72,366		4.757691		344,295		0.00%		56.90%
2009		0.50%		214,031		4.532982		970,199		0.00%		56.11%
2009		0.80%		27,209		4.403280		119,809		0.00%		55.65%
2009		1.00%		41,272		4.527754		186,869		0.00%		55.34%
2008		0.00%		53,775		3.032378		163,066		0.09%		-43.97%
2008		0.50%		125,263		2.903630		363,717		0.09%		-44.25%
2008		0.80%		36,446		2.829026		103,107		0.09%		-44.42%
2008		1.00%		14,544		2.914815		42,393		0.09%		-44.53%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)
2012		0.00%		29,255	$	14.640868	$	428,319		0.85%		13.18%
2012		0.50%		248,458		13.741998		3,414,309		0.85%		12.62%
2012		0.80%		52,919		13.229420		700,088		0.85%		12.28%
2012		1.00%		27,845		14.185418		394,993		0.85%		12.05%
2011		0.00%		40,409		12.935745		522,721		0.40%		-32.34%
2011		0.50%		60,202		12.202589		734,620		0.40%		-32.67%
2011		0.80%		12,846		11.782833		151,362		0.40%		-32.88%
2011		1.00%		60,882		12.659656		770,745		0.40%		-33.01%
2010		0.00%		50,895		19.117945		973,008		0.55%		25.02%
2010		0.50%		68,702		18.124805		1,245,210		0.55%		24.39%
2010		0.80%		17,122		17.553917		300,558		0.55%		24.02%
2010		1.00%		102,765		18.897953		1,942,048		0.55%		23.77%
2009		0.00%		45,724		15.292392		699,229		0.41%		79.07%
2009		0.50%		85,296		14.570522		1,242,807		0.41%		78.18%
2009		0.80%		21,214		14.153914		300,261		0.41%		77.65%
2009		1.00%		100,674		15.268085		1,537,099		0.41%		77.29%
2008		0.00%		64,411		8.539839		550,060		2.75%		-52.23%
2008		0.50%		100,327		8.177488		820,423		2.75%		-52.47%
2008		0.80%		34,313		7.967521		273,390		2.75%		-52.61%
2008		1.00%		33,535		8.611907		288,800		2.75%		-52.71%
Investors Growth Stock Series - Initial Class (MIGIC)
2012		0.00%		911		18.477561		16,833		0.46%		16.97%
2012		0.50%		8,376		17.605660		147,465		0.46%		16.39%
2012		0.80%		1,369		17.102335		23,413		0.46%		16.04%
2011		0.00%		884		15.796502		13,964		0.55%		0.58%
2011		0.50%		8,677		15.126718		131,255		0.55%		0.08%
2011		0.80%		1,613		14.738500		23,773		0.55%		-0.22%
2010		0.00%		897		15.705759		14,088		0.50%		12.47%
2010		0.50%		8,710		15.115038		131,652		0.50%		11.91%
2010		0.80%		1,611		14.771276		23,797		0.50%		11.58%
2009		0.00%		844		13.963862		11,785		0.67%		39.55%
2009		0.50%		15,623		13.505951		211,003		0.67%		38.86%
2009		0.80%		2,002		13.238396		26,503		0.67%		38.44%
2008		0.00%		784		10.006089		7,845		0.56%		-36.87%
2008		0.50%		10,324		9.726449		100,416		0.56%		-37.19%
2008		0.80%		4,133		9.562409		39,521		0.56%		-37.38%
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
2012		0.50%		3,032		10.301526		31,234		0.00%		3.02%		5/1/2012
2012		0.80%		621		10.280941		6,384		0.00%		2.81%		5/1/2012
Value Series - Initial Class (MVFIC)
2012		0.00%		7,952		21.189802		168,501		1.75%		16.26%
2012		0.50%		62,380		20.189915		1,259,447		1.75%		15.68%
2012		0.80%		7,555		19.612765		148,174		1.75%		15.33%
2011		0.00%		10,143		18.226114		184,867		1.48%		-0.30%
2011		0.50%		92,819		17.453308		1,619,999		1.48%		-0.80%
2011		0.80%		7,870		17.005440		133,833		1.48%		-1.10%
2010		0.00%		10,028		18.281385		183,326		1.49%		11.53%
2010		0.50%		94,055		17.593817		1,654,786		1.49%		10.98%
2010		0.80%		8,354		17.193742		143,637		1.49%		10.65%
2009		0.00%		9,300		16.390924		152,436		1.34%		22.71%
2009		0.50%		85,805		15.853449		1,360,305		1.34%		22.10%
2009		0.80%		8,888		15.539458		138,115		1.34%		21.74%
2008		0.00%		10,025		13.356934		133,903		0.99%		-32.58%
2008		0.50%		98,196		12.983695		1,274,947		0.99%		-32.92%
2008		0.80%		8,253		12.764787		105,348		0.99%		-33.12%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Core Plus Fixed Income Portfolio - Class I (MSVFI)
2012		0.00%		5,129	$	14.850467	$	76,168		5.75%		9.44%
2012		0.50%		16,286		14.149776		230,443		5.75%		8.89%
2012		0.80%		1,741		13.745300		23,931		5.75%		8.57%
2011		0.00%		5,195		13.569488		70,493		3.62%		5.65%
2011		0.50%		10,523		12.994186		136,738		3.62%		5.12%
2011		0.80%		2,121		12.660760		26,853		3.62%		4.81%
2010		0.00%		1,267		12.844145		16,274		6.62%		7.14%
2010		0.50%		11,622		12.361057		143,660		6.62%		6.61%
2010		0.80%		2,208		12.079951		26,673		6.62%		6.29%
2009		0.00%		1,129		11.987667		13,534		4.15%		9.64%
2009		0.50%		14,932		11.594606		173,131		4.15%		9.10%
2009		0.80%		2,681		11.364963		30,469		4.15%		8.77%
2008		0.00%		6,559		10.933218		71,711		4.73%		-10.20%
2008		0.50%		60,672		10.627725		644,805		4.73%		-10.65%
2008		0.80%		4,469		10.448514		46,694		4.73%		-10.92%
Emerging Markets Debt Portfolio - Class I (MSEM)
2012		0.00%		5,484		35.042942		192,175		2.88%		17.96%
2012		0.50%		33,503		32.339111		1,083,457		2.88%		17.37%
2012		0.80%		6,099		30.965468		188,858		2.88%		17.02%
2012		1.00%		11,005		30.738881		338,281		2.88%		16.78%
2011		0.00%		6,472		29.707233		192,265		3.16%		7.03%
2011		0.50%		34,581		27.552804		952,804		3.16%		6.50%
2011		0.80%		6,431		26.461901		170,176		3.16%		6.18%
2011		1.00%		9,433		26.320970		248,286		3.16%		5.97%
2010		0.00%		14,151		27.755292		392,765		3.44%		9.74%
2010		0.50%		49,756		25.871094		1,287,242		3.44%		9.20%
2010		0.80%		7,575		24.921222		188,778		3.44%		8.87%
2010		1.00%		10,356		24.837987		257,222		3.44%		8.65%
2009		0.00%		12,742		25.290832		322,256		8.37%		30.21%
2009		0.50%		47,197		23.692027		1,118,193		8.37%		29.56%
2009		0.80%		7,957		22.890693		182,141		8.37%		29.17%
2009		1.00%		10,375		22.859877		237,171		8.37%		28.91%
2008		0.00%		13,545		19.423315		263,089		7.05%		-14.98%
2008		0.50%		55,882		18.286566		1,021,890		7.05%		-15.40%
2008		0.80%		10,382		17.721099		183,980		7.05%		-15.65%
2008		1.00%		6,634		17.732649		117,638		7.05%		-15.82%
U.S. Real Estate Portfolio - Class I (MSVRE)
2012		0.00%		7,751		63.238652		490,163		0.84%		15.84%
2012		0.80%		7		61.220395		429		0.84%		14.91%
2012		1.00%		43,683		31.592343		1,380,048		0.84%		14.68%
2011		0.00%		9,460		54.593503		516,455		0.97%		5.92%
2011		0.80%		7		53.276522		373		0.97%		5.08%
2011		1.00%		46,749		27.548115		1,287,847		0.97%		4.87%
2010		0.00%		12,054		51.542559		621,294		2.16%		29.96%
2010		0.80%		7		50.702174		355		2.16%		28.93%
2010		1.00%		32,923		26.269333		864,865		2.16%		28.67%
2009		0.00%		15,029		39.660220		596,053		5.11%		28.36%
2009		0.80%		7		39.326304		275		5.11%		27.33%
2009		1.00%		36,695		20.416080		749,168		5.11%		27.08%
2008		0.00%		35,291		30.898769		1,090,448		3.46%		-37.89%
2008		0.50%		164,177		31.774120		5,216,580		3.46%		-38.20%
2008		0.80%		48,939		30.885042		1,511,483		3.46%		-38.39%
2008		1.00%		41,815		16.065985		671,799		3.46%		-38.51%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2012		0.00%		64,944	$	16.452105	$	1,068,466		0.95%		14.66%
2012		0.50%		264,220		16.153244		4,268,010		0.95%		14.09%
2012		0.80%		52,739		15.976557		842,588		0.95%		13.75%
2012		1.00%		46,918		15.859841		744,112		0.95%		13.52%
2011		0.00%		75,881		14.348277		1,088,762		1.63%		0.65%
2011		0.50%		321,145		14.158408		4,546,902		1.63%		0.15%
2011		0.80%		64,614		14.045709		907,549		1.63%		-0.15%
2011		1.00%		52,825		13.971078		738,022		1.63%		-0.35%
2010		0.00%		96,307		14.256071		1,372,959		1.92%		13.46%
2010		0.50%		370,983		14.137798		5,244,883		1.92%		12.90%
2010		0.80%		73,607		14.067316		1,035,453		1.92%		12.56%
2010		1.00%		50,951		14.020534		714,360		1.92%		12.34%
2009		0.00%		929		12.564442		11,672		0.89%		25.64%		5/1/2009
2009		0.50%		552		12.522611		6,912		0.89%		25.23%		5/1/2009
2009		0.80%		4		12.497580		50		0.89%		24.98%		5/1/2009
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
2012		0.00%		5,562		12.704984		70,665		1.43%		15.72%
2012		0.50%		85,379		12.288311		1,049,164		1.43%		15.14%
2012		0.80%		21,712		12.044923		261,519		1.43%		14.79%
2011		0.00%		5,660		10.979437		62,144		1.43%		0.93%
2011		0.50%		70,814		10.672693		755,776		1.43%		0.43%
2011		0.80%		15,136		10.492803		158,819		1.43%		0.13%
2010		0.00%		6,984		10.878393		75,975		1.51%		12.02%
2010		0.50%		84,386		10.627363		896,801		1.51%		11.46%
2010		0.80%		14,478		10.479549		151,723		1.51%		11.13%
2009		0.00%		6,425		9.711378		62,396		0.08%		23.41%
2009		0.50%		92,676		9.534796		883,647		0.08%		22.80%
2009		0.80%		14,397		9.430409		135,770		0.08%		22.43%
2008		0.00%		17,836		7.868935		140,350		2.61%		-29.78%
2008		0.50%		90,933		7.764576		706,056		2.61%		-30.13%
2008		0.80%		11,719		7.702635		90,267		2.61%		-30.34%
American Funds NVIT Bond Fund - Class II (GVABD2)
2012		0.00%		3,749		12.903197		48,374		1.92%		4.97%
2012		0.50%		67,226		12.480192		838,993		1.92%		4.44%
2012		0.80%		5,234		12.233039		64,028		1.92%		4.13%
2011		0.00%		5,942		12.292646		73,043		2.31%		5.72%
2011		0.50%		89,002		11.949408		1,063,521		2.31%		5.20%
2011		0.80%		6,129		11.748041		72,004		2.31%		4.88%
2010		0.00%		6,068		11.627184		70,554		2.07%		5.99%
2010		0.50%		96,320		11.359007		1,094,100		2.07%		5.46%
2010		0.80%		8,644		11.201040		96,822		2.07%		5.15%
2009		0.00%		7,087		10.970085		77,745		0.35%		12.15%
2009		0.50%		122,112		10.770767		1,315,240		0.35%		11.59%
2009		0.80%		9,442		10.652882		100,585		0.35%		11.26%
2008		0.00%		6,155		9.781713		60,206		5.27%		-9.87%
2008		0.50%		104,841		9.652092		1,011,935		5.27%		-10.32%
2008		0.80%		9,151		9.575122		87,622		5.27%		-10.59%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
2012		0.00%		5,401	$	13.277399	$	71,711		0.80%		22.09%
2012		0.50%		93,461		12.841941		1,200,221		0.80%		21.48%
2012		0.80%		15,246		12.587521		191,909		0.80%		21.11%
2011		0.00%		6,655		10.875437		72,376		0.95%		-9.31%
2011		0.50%		137,757		10.571579		1,456,309		0.95%		-9.76%
2011		0.80%		13,570		10.393328		141,037		0.95%		-10.03%
2010		0.00%		7,375		11.991721		88,439		0.85%		11.30%
2010		0.50%		140,805		11.715019		1,649,533		0.85%		10.75%
2010		0.80%		18,883		11.552053		218,137		0.85%		10.41%
2009		0.00%		6,075		10.774250		65,454		0.00%		41.60%
2009		0.50%		118,760		10.578350		1,256,285		0.00%		40.90%
2009		0.80%		24,294		10.462500		254,176		0.00%		40.47%
2008		0.00%		9,676		7.608765		73,622		2.74%		-38.64%
2008		0.50%		112,338		7.507854		843,417		2.74%		-38.94%
2008		0.80%		21,120		7.447945		157,301		2.74%		-39.13%
American Funds NVIT Growth Fund - Class II (GVAGR2)
2012		0.00%		7,791		11.875465		92,522		0.22%		17.40%
2012		0.50%		117,743		11.485910		1,352,386		0.22%		16.81%
2012		0.80%		16,640		11.258336		187,339		0.22%		16.46%
2011		0.00%		9,503		10.115272		96,125		0.27%		-4.69%
2011		0.50%		154,823		9.832585		1,522,310		0.27%		-5.16%
2011		0.80%		18,599		9.666797		179,793		0.27%		-5.45%
2010		0.00%		6,030		10.612804		63,995		0.15%		18.19%
2010		0.50%		187,568		10.367833		1,944,674		0.15%		17.60%
2010		0.80%		25,085		10.223579		256,458		0.15%		17.25%
2009		0.00%		5,838		8.979238		52,421		0.00%		38.78%
2009		0.50%		166,832		8.815893		1,470,773		0.00%		38.09%
2009		0.80%		25,748		8.719320		224,505		0.00%		37.68%
2008		0.00%		4,646		6.470039		30,060		2.07%		-44.21%
2008		0.50%		139,829		6.384181		892,694		2.07%		-44.49%
2008		0.80%		28,066		6.333211		177,748		2.07%		-44.66%
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
2012		0.00%		2,914		10.169772		29,635		0.95%		17.06%
2012		0.50%		69,302		9.885503		685,085		0.95%		16.48%
2012		0.80%		3,797		9.718758		36,902		0.95%		16.13%
2011		0.00%		2,657		8.687464		23,083		0.99%		-2.24%
2011		0.50%		115,306		8.487048		978,608		0.99%		-2.72%
2011		0.80%		3,715		8.369014		31,091		0.99%		-3.01%
2010		0.00%		2,714		8.886120		24,117		0.91%		10.97%
2010		0.50%		114,596		8.724545		999,798		0.91%		10.42%
2010		0.80%		4,706		8.629010		40,608		0.91%		10.09%
2009		0.00%		2,815		8.007342		22,541		0.00%		30.69%
2009		0.50%		99,198		7.901119		783,775		0.00%		30.04%
2009		0.80%		3,815		7.838054		29,902		0.00%		29.65%
2008		0.00%		2,747		6.126963		16,831		2.44%		-38.06%
2008		0.50%		89,642		6.075985		544,663		2.44%		-38.37%
2008		0.80%		3,255		6.045597		19,678		2.44%		-38.56%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Federated NVIT High Income Bond Fund - Class I (HIBF)
2012		0.00%		2,854		$    20.226839		$     57,727		6.54%		14.56%
2012		0.50%		2,123		19.272608		40,916		6.54%		13.98%
2012		0.80%		407		18.721734		7,620		6.54%		13.64%
2011		0.00%		4,766		17.656619		84,151		8.19%		3.82%
2011		0.50%		2,410		16.908181		40,749		8.19%		3.30%
2011		0.80%		570		16.474351		9,390		8.19%		2.99%
2010		0.00%		5,015		17.007403		85,292		8.44%		13.15%
2010		0.50%		3,245		16.367890		53,114		8.44%		12.59%
2010		0.80%		782		15.995730		12,509		8.44%		12.25%
2009		0.00%		5,085		15.030278		76,429		9.75%		46.00%
2009		0.50%		3,955		14.537578		57,496		9.75%		45.27%
2009		0.80%		1,534		14.249701		21,859		9.75%		44.84%
2008		0.00%		5,154		10.294917		53,060		8.80%		-27.99%
2008		0.50%		4,252		10.007295		42,551		8.80%		-28.35%
2008		0.80%		1,761		9.838552		17,326		8.80%		-28.56%
Federated NVIT High Income Bond Fund - Class III (HIBF3)
2012		0.00%		14,697		17.021800		250,169		7.64%		14.71%
2012		0.50%		83,641		16.381922		1,370,200		7.64%		14.13%
2012		0.80%		6,493		16.009620		103,950		7.64%		13.79%
2011		0.00%		11,678		14.839228		173,293		8.22%		3.81%
2011		0.50%		116,173		14.353153		1,667,449		8.22%		3.29%
2011		0.80%		6,081		14.069186		85,555		8.22%		2.98%
2010		0.00%		13,586		14.295077		194,213		7.86%		13.16%
2010		0.50%		116,167		13.895948		1,614,251		7.86%		12.60%
2010		0.80%		5,805		13.661828		79,307		7.86%		12.26%
2009		0.00%		13,384		12.632602		169,075		11.37%		46.08%
2009		0.50%		250,028		12.341429		3,085,703		11.37%		45.35%
2009		0.80%		8,303		12.169932		101,047		11.37%		44.92%
2008		0.00%		12,655		8.647843		109,438		9.56%		-28.10%
2008		0.50%		59,880		8.490785		508,428		9.56%		-28.46%
2008		0.80%		10,421		8.397926		87,515		9.56%		-28.67%
NVIT Emerging Markets Fund - Class I (GEM)
2012		0.00%		869		26.899413		23,376		0.49%		17.22%
2012		0.50%		16,753		25.301371		423,874		0.49%		16.63%
2012		0.80%		2,308		24.388485		56,289		0.49%		16.28%
2012		1.00%		20,461		23.442718		479,661		0.49%		16.05%
2011		0.00%		985		22.948246		22,604		0.64%		-22.37%
2011		0.50%		19,654		21.693374		426,362		0.64%		-22.76%
2011		0.80%		2,961		20.973634		62,103		0.64%		-22.99%
2011		1.00%		22,453		20.200753		453,568		0.64%		-23.15%
2010		0.00%		3,906		29.562687		115,472		0.06%		16.17%
2010		0.50%		28,449		28.086103		799,022		0.06%		15.60%
2010		0.80%		3,689		27.235796		100,473		0.06%		15.25%
2010		1.00%		22,540		26.284637		592,456		0.06%		15.02%
2009		0.00%		4,227		25.446836		107,564		1.30%		63.31%
2009		0.50%		30,891		24.296820		750,553		1.30%		62.50%
2009		0.80%		4,456		23.631906		105,304		1.30%		62.01%
2009		1.00%		40,087		22.852194		916,076		1.30%		61.69%
2008		0.00%		4,604		15.581599		71,738		1.08%		-57.76%
2008		0.50%		37,210		14.951961		556,362		1.08%		-57.97%
2008		0.80%		6,102		14.586450		89,007		1.08%		-58.10%
2008		1.00%		18,953		14.133405		267,870		1.08%		-58.18%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Emerging Markets Fund - Class III (GEM3)
2012		0.00%		24,409		$     19.336082		$     471,974		0.45%		17.24%
2012		0.50%		93,486		18.608853		1,739,667		0.45%		16.65%
2012		0.80%		22,464		18.185755		408,525		0.45%		16.30%
2011		0.00%		28,288		16.493303		466,563		0.71%		-22.39%
2011		0.50%		121,016		15.952745		1,930,537		0.71%		-22.78%
2011		0.80%		26,612		15.636987		416,131		0.71%		-23.01%
2010		0.00%		30,788		21.252025		654,307		0.07%		16.21%
2010		0.50%		129,852		20.658460		2,682,542		0.07%		15.63%
2010		0.80%		32,166		20.310361		653,303		0.07%		15.29%
2009		0.00%		35,576		18.287102		650,582		1.28%		63.48%
2009		0.50%		129,200		17.865296		2,308,196		1.28%		62.67%
2009		0.80%		36,539		17.616947		643,706		1.28%		62.18%
2008		0.00%		29,125		11.185864		325,788		1.12%		-57.83%
2008		0.50%		183,967		10.982610		2,020,438		1.12%		-58.04%
2008		0.80%		42,738		10.862450		464,239		1.12%		-58.17%
NVIT International Equity Fund - Class I (GIG)
2012		0.00%		9,497		14.122631		134,123		0.85%		15.61%
2012		0.50%		30,028		13.283536		398,878		0.85%		15.03%
2012		0.80%		5,275		12.804278		67,543		0.85%		14.68%
2012		1.00%		1,136		12.560723		14,269		0.85%		14.46%
2011		0.00%		11,889		12.216006		145,236		1.21%		-9.76%
2011		0.50%		29,995		11.547898		346,379		1.21%		-10.21%
2011		0.80%		5,692		11.164772		63,550		1.21%		-10.48%
2011		1.00%		2,338		10.974373		25,658		1.21%		-10.66%
2010		0.00%		11,232		13.537857		152,057		0.86%		13.29%
2010		0.50%		38,649		12.861523		497,085		0.86%		12.73%
2010		0.80%		6,415		12.472134		80,009		0.86%		12.39%
2010		1.00%		6,894		12.283958		84,686		0.86%		12.16%
2009		0.00%		12,461		11.949736		148,906		1.12%		29.72%
2009		0.50%		54,336		11.409586		619,951		1.12%		29.08%
2009		0.80%		6,545		11.097348		72,632		1.12%		28.69%
2009		1.00%		17,782		10.951765		194,744		1.12%		28.43%
2008		0.00%		13,969		9.211762		128,679		1.24%		-46.06%
2008		0.50%		63,423		8.839463		560,625		1.24%		-46.33%
2008		0.80%		9,215		8.623393		79,465		1.24%		-46.49%
2008		1.00%		23,220		8.527308		198,004		1.24%		-46.59%
NVIT International Equity Fund - Class III (GIG3)
2012		0.00%		31,591		8.450909		266,973		0.85%		15.58%
2012		0.50%		330,469		8.255888		2,728,315		0.85%		15.00%
2012		0.80%		72,099		8.141051		586,962		0.85%		14.65%
2011		0.00%		32,972		7.311920		241,089		1.26%		-9.76%
2011		0.50%		360,822		7.179063		2,590,364		1.26%		-10.21%
2011		0.80%		79,102		7.100526		561,666		1.26%		-10.48%
2010		0.00%		37,162		8.103077		301,127		0.98%		13.27%
2010		0.50%		354,843		7.995676		2,837,210		0.98%		12.70%
2010		0.80%		92,562		7.931942		734,196		0.98%		12.37%
2009		0.00%		44,927		7.153834		321,400		0.02%		29.67%
2009		0.50%		399,958		7.094353		2,837,443		0.02%		29.02%
2009		0.80%		100,960		7.058922		712,669		0.02%		28.64%
2008		0.00%		1,565		5.516874		8,634		1.08%		-44.83%		5/1/2008
2008		0.50%		2,344		5.498438		12,888		1.08%		-45.02%		5/1/2008
2008		0.80%		170		5.487410		933		1.08%		-45.13%		5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
2012		0.00%		81,034	$	9.471654	$	767,526		1.47%		16.94%
2012		0.50%		929,767		9.253058		8,603,188		1.47%		16.36%
2012		0.80%		244,333		9.124314		2,229,371		1.47%		16.01%
2011		0.00%		88,502		8.099461		716,818		0.57%		-11.62%
2011		0.50%		1,006,367		7.952277		8,002,909		0.57%		-12.06%
2011		0.80%		281,765		7.865245		2,216,151		0.57%		-12.32%
2010		0.00%		101,840		9.164158		933,278		0.21%		15.61%
2010		0.50%		1,125,978		9.042668		10,181,845		0.21%		15.03%
2010		0.80%		315,664		8.970544		2,831,678		0.21%		14.69%
2009		0.00%		119,590		7.927018		947,992		0.18%		52.96%
2009		0.50%		1,236,830		7.861103		9,722,848		0.18%		52.20%
2009		0.80%		356,967		7.821802		2,792,125		0.18%		51.74%
2008		0.80%		171		5.154692		881		0.00%		-48.45%		5/1/2008
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
2012		0.50%		8,154		10.591756		86,365		0.59%		10.94%
2012		0.80%		540		10.444446		5,640		0.59%		10.61%
2011		0.50%		23,204		9.547148		221,532		0.78%		-3.66%
2011		0.80%		1,623		9.442714		15,326		0.78%		-3.95%
2010		0.50%		3,454		9.910000		34,229		1.85%		22.96%
2010		0.80%		163		9.830999		1,602		1.85%		22.60%
2009		0.50%		3,846		8.059273		30,996		0.44%		30.88%
2009		0.80%		2		8.018999		16		0.44%		30.49%
2008		0.50%		69		6.157812		425		0.43%		-38.42%		5/1/2008
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
2012		0.50%		8,186		10.162172		83,188		1.08%		15.64%
2012		0.80%		7,584		10.020827		75,998		1.08%		15.30%
2011		0.50%		10,030		8.787510		88,139		2.01%		-6.65%
2011		0.80%		5,766		8.691366		50,114		2.01%		-6.93%
2010		0.50%		7,354		9.413816		69,229		0.36%		14.43%
2010		0.80%		3,331		9.338751		31,107		0.36%		14.09%
2009		0.50%		5,424		8.226880		44,623		0.88%		28.65%
2009		0.80%		5,678		8.185776		46,479		0.88%		28.27%
2008		0.50%		14,331		6.394590		91,641		2.22%		-36.05%		5/1/2008
2008		0.80%		5,228		6.381765		33,364		2.22%		-36.18%		5/1/2008
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
2012		0.00%		426		11.638522		4,958		1.48%		11.24%
2012		0.50%		12,209		11.370100		138,818		1.48%		10.68%
2012		0.80%		8,407		11.211995		94,259		1.48%		10.35%
2011		0.00%		437		10.462826		4,572		2.59%		-1.26%
2011		0.50%		3,104		10.272876		31,887		2.59%		-1.75%
2011		0.80%		10,388		10.160539		105,548		2.59%		-2.05%
2010		0.00%		447		10.596561		4,737		1.01%		10.46%
2010		0.50%		13,188		10.456211		137,897		1.01%		9.91%
2010		0.80%		8,559		10.372881		88,781		1.01%		9.58%
2009		0.00%		458		9.593104		4,394		2.36%		19.88%
2009		0.50%		17,112		9.513461		162,794		2.36%		19.28%
2009		0.80%		6,831		9.465975		64,662		2.36%		18.93%
2008		0.50%		10,972		7.975427		87,506		0.89%		-20.25%		5/1/2008
2008		0.80%		2,267		7.959456		18,044		0.89%		-20.41%		5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
2012		0.00%		474	$	11.154725	$	5,287		1.51%		13.74%
2012		0.50%		39,272		10.897413		427,963		1.51%		13.17%
2012		0.80%		6,735		10.745888		72,374		1.51%		12.83%
2011		0.00%		485		9.807509		4,757		2.24%		-3.37%
2011		0.50%		34,007		9.629406		327,467		2.24%		-3.85%
2011		0.80%		7,281		9.524103		69,345		2.24%		-4.13%
2010		0.00%		497		10.149086		5,044		0.75%		12.46%
2010		0.50%		31,110		10.014640		311,555		0.75%		11.89%
2010		0.80%		7,218		9.934815		71,709		0.75%		11.56%
2009		0.00%		509		9.025006		4,594		1.80%		24.25%
2009		0.50%		27,157		8.950049		243,056		1.80%		23.63%
2009		0.80%		4,616		8.905361		41,107		1.80%		23.26%
2008		0.50%		15,452		7.239333		111,862		1.66%		-27.61%		5/1/2008
2008		0.80%		4,329		7.224834		31,276		1.66%		-27.75%		5/1/2008
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
2012		0.00%		262		12.078891		3,165		1.97%		7.58%
2012		0.50%		125,677		11.800384		1,483,037		1.97%		7.04%
2012		0.80%		2,499		11.636337		29,079		1.97%		6.72%
2011		0.00%		2,769		11.227964		31,090		2.16%		1.50%
2011		0.50%		7,054		11.024191		77,765		2.16%		0.99%
2011		0.80%		2,400		10.903683		26,169		2.16%		0.69%
2010		0.00%		2,051		11.062310		22,689		1.23%		6.87%
2010		0.50%		22,454		10.915841		245,104		1.23%		6.33%
2010		0.80%		2,943		10.828868		31,869		1.23%		6.01%
2009		0.00%		1,920		10.351566		19,875		3.09%		13.22%
2009		0.50%		11,740		10.265671		120,519		3.09%		12.66%
2009		0.80%		1,442		10.214479		14,729		3.09%		12.32%
2008		0.00%		288		9.142885		2,633		1.89%		-8.57%		5/1/2008
2008		0.50%		3,870		9.112447		35,265		1.89%		-8.88%		5/1/2008
2008		0.80%		1,287		9.094234		11,704		1.89%		-9.06%		5/1/2008
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
2012		0.00%		8,286		11.397169		94,437		1.52%		12.45%
2012		0.50%		61,650		11.134287		686,429		1.52%		11.89%
2012		0.80%		22,093		10.979484		242,570		1.52%		11.55%
2011		0.00%		8,440		10.135390		85,543		2.45%		-2.25%
2011		0.50%		61,673		9.951354		613,730		2.45%		-2.73%
2011		0.80%		21,926		9.842542		215,808		2.45%		-3.02%
2010		0.00%		8,618		10.368348		89,354		0.95%		11.42%
2010		0.50%		75,415		10.230997		771,571		0.95%		10.87%
2010		0.80%		21,238		10.149462		215,554		0.95%		10.54%
2009		0.00%		7,297		9.305236		67,900		2.08%		22.00%
2009		0.50%		69,130		9.227958		637,929		2.08%		21.40%
2009		0.80%		18,764		9.181897		172,289		2.08%		21.03%
2008		0.00%		6,475		7.626933		49,384		1.65%		-23.73%		5/1/2008
2008		0.50%		36,096		7.601493		274,383		1.65%		-23.99%		5/1/2008
2008		0.80%		7,019		7.586279		53,248		1.65%		-24.14%		5/1/2008
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
2012		0.50%		28,065		10.601144		297,521		1.37%		14.10%
2012		0.80%		18,386		10.453700		192,202		1.37%		13.75%
2011		0.50%		18,827		9.291441		174,930		2.58%		-5.05%
2011		0.80%		20,521		9.189793		188,584		2.58%		-5.33%
2010		0.50%		11,208		9.785569		109,677		0.83%		12.93%
2010		0.80%		17,780		9.707544		172,600		0.83%		12.59%
2009		0.50%		7,130		8.664997		61,781		1.62%		26.06%
2009		0.80%		14,506		8.621717		125,067		1.62%		25.68%
2008		0.50%		3,677		6.873896		25,275		1.88%		-31.26%		5/1/2008
2008		0.80%		8,701		6.860115		59,690		1.88%		-31.40%		5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
2012		0.00%		12,345	$	11.828808	$	146,027		1.57%		10.13%
2012		0.50%		13,367		11.556019		154,469		1.57%		9.58%
2012		0.80%		4,247		11.395367		48,396		1.57%		9.25%
2011		0.00%		12,584		10.740467		135,158		2.72%		-0.28%
2011		0.50%		15,078		10.545498		159,005		2.72%		-0.78%
2011		0.80%		5,377		10.430205		56,083		2.72%		-1.07%
2010		0.00%		12,829		10.770841		138,179		1.16%		9.31%
2010		0.50%		29,763		10.628200		316,327		1.16%		8.77%
2010		0.80%		5,352		10.543510		56,429		1.16%		8.44%
2009		0.00%		11,907		9.853071		117,321		3.06%		17.64%
2009		0.50%		29,224		9.771284		285,556		3.06%		17.05%
2009		0.80%		6,000		9.722537		58,335		3.06%		16.70%
2008		0.50%		6,389		8.348025		53,336		2.83%		-16.52%		5/1/2008
2008		0.80%		1,384		8.331322		11,531		2.83%		-16.69%		5/1/2008
NVIT Core Bond Fund - Class I (NVCBD1)
2012		0.00%		5,364		13.303193		71,358		3.26%		7.75%
2012		0.50%		15,991		12.996442		207,826		3.26%		7.22%
2012		0.80%		1,564		12.815824		20,044		3.26%		6.89%
2012		1.00%		13,058		12.696813		165,795		3.26%		6.68%
2011		0.00%		10,606		12.345910		130,941		3.44%		6.59%
2011		0.50%		18,261		12.121845		221,357		3.44%		6.06%
2011		0.80%		1,634		11.989375		19,591		3.44%		5.75%
2011		1.00%		10,223		11.901878		121,673		3.44%		5.54%
2010		0.00%		5,920		11.582155		68,566		3.10%		7.06%
2010		0.50%		11,379		11.428775		130,048		3.10%		6.52%
2010		0.80%		1,336		11.337733		15,147		3.10%		6.20%
2010		1.00%		6,040		11.277452		68,116		3.10%		5.99%
2009		0.00%		5,380		10.818752		58,205		5.39%		8.78%
2009		0.50%		4,328		10.728983		46,435		5.39%		8.24%
2009		0.80%		872		10.675484		9,309		5.39%		7.92%
2009		1.00%		2,052		10.639980		21,833		5.39%		7.70%
2008		0.50%		1,649		9.912085		16,345		2.32%		-0.88%		5/1/2008
NVIT Core Plus Bond Fund - Class I (NVLCP1)
2012		0.50%		13,334		14.026661		187,031		2.43%		6.84%
2012		0.80%		1,636		13.831749		22,629		2.43%		6.52%
2011		0.50%		10,094		13.128149		132,516		2.91%		5.84%
2011		0.80%		828		12.984709		10,751		2.91%		5.53%
2010		0.50%		3,988		12.403480		49,465		2.97%		7.81%
2010		0.80%		1,345		12.304709		16,550		2.97%		7.49%
2009		0.50%		1,483		11.504485		17,061		5.73%		16.04%
2009		0.80%		190		11.447139		2,175		5.73%		15.70%
2008		0.50%		16		9.914010		159		2.82%		-0.86%		5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Nationwide Fund - Class I (TRF)
2012		0.00%		117,116		$    23.674524		$      2,772,666		1.41%		14.21%
2012		0.50%		378,810		50.744233		19,222,423		1.41%		13.64%
2012		0.80%		486,478		40.020036		19,468,867		1.41%		13.30%
2012		1.00%		98,516		10.772753		1,061,289		1.41%		13.08%
2011		0.00%		142,775		20.728147		2,959,461		1.14%		0.53%
2011		0.50%		412,184		44.652135		18,404,896		1.14%		0.03%
2011		0.80%		542,718		35.321483		19,169,605		1.14%		-0.27%
2011		1.00%		108,508		9.527060		1,033,762		1.14%		-0.47%
2011		1.30%		3		34.329664		103		1.14%		-0.77%
2010		0.00%		168,440		20.619110		3,473,083		1.02%		13.45%
2010		0.50%		444,744		44.639451		19,853,128		1.02%		12.88%
2010		0.80%		599,906		35.417325		21,247,066		1.02%		12.55%
2010		1.00%		113,338		9.571998		1,084,871		1.02%		12.32%
2009		0.00%		179,695		18.174730		3,265,908		1.35%		26.10%
2009		0.50%		502,814		39.544533		19,883,545		1.35%		25.47%
2009		0.80%		653,320		31.469156		20,559,429		1.35%		25.09%
2009		1.00%		128,057		8.521969		1,091,298		1.35%		24.84%
2008		0.00%		193,391		14.413309		2,787,404		1.40%		-41.55%
2008		0.50%		557,930		31.517666		17,584,651		1.40%		-41.85%
2008		0.80%		726,828		25.156819		18,284,680		1.40%		-42.02%
2008		1.00%		143,966		6.826209		982,742		1.40%		-42.14%
NVIT Government Bond Fund - Class I (GBF)
2012		0.00%		66,264		25.745883		1,706,025		2.14%		3.06%
2012		0.50%		112,707		43.922389		4,950,361		2.14%		2.54%
2012		0.80%		44,154		32.631769		1,440,823		2.14%		2.23%
2012		1.00%		75,338		17.066917		1,285,787		2.14%		2.03%
2011		0.00%		71,393		24.982190		1,783,553		2.93%		7.25%
2011		0.50%		134,783		42.833702		5,773,255		2.93%		6.72%
2011		0.80%		52,003		31.918804		1,659,874		2.93%		6.40%
2011		1.00%		101,054		16.727524		1,690,383		2.93%		6.19%
2010		0.00%		78,091		23.292436		1,818,930		2.93%		4.78%
2010		0.50%		150,926		40.136055		6,057,574		2.93%		4.26%
2010		0.80%		60,113		29.998155		1,803,279		2.93%		3.95%
2010		1.00%		114,512		15.752353		1,803,833		2.93%		3.74%
2009		0.00%		90,071		22.229504		2,002,234		3.32%		2.69%
2009		0.50%		154,092		38.496449		5,931,995		3.32%		2.18%
2009		0.80%		67,098		28.859126		1,936,390		3.32%		1.87%
2009		1.00%		132,506		15.184570		2,012,047		3.32%		1.67%
2008		0.00%		101,325		21.647591		2,193,442		4.34%		7.72%
2008		0.50%		180,930		37.676575		6,816,823		4.34%		7.18%
2008		0.80%		84,645		28.329345		2,397,937		4.34%		6.86%
2008		1.00%		292,160		14.935656		4,363,601		4.34%		6.65%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
American Century NVIT Growth Fund - Class I (CAF)
2012		0.00%		58,712		$    17.072452		$    1,002,358		0.55%		14.02%
2012		0.50%		248,603		24.683788		6,136,464		0.55%		13.45%
2012		0.80%		189,859		23.818612		4,522,178		0.55%		13.11%
2012		1.00%		54,423		7.228500		393,397		0.55%		12.88%
2011		0.00%		71,801		14.973016		1,075,078		0.58%		-0.69%
2011		0.50%		266,244		21.757113		5,792,701		0.58%		-1.18%
2011		0.80%		211,204		21.057718		4,447,474		0.58%		-1.48%
2011		1.00%		57,501		6.403442		368,204		0.58%		-1.68%
2010		0.00%		72,600		15.077159		1,094,602		0.63%		19.25%
2010		0.50%		281,742		22.018021		6,203,401		0.63%		18.65%
2010		0.80%		237,543		21.374125		5,077,274		0.63%		18.30%
2010		1.00%		40,018		6.512646		260,623		0.63%		18.06%
2009		0.00%		80,041		12.643680		1,012,013		0.56%		33.47%
2009		0.50%		310,833		18.556714		5,768,039		0.56%		32.81%
2009		0.80%		257,511		18.068103		4,652,735		0.56%		32.41%
2009		1.00%		34,260		5.516318		188,989		0.56%		32.14%
2008		0.00%		94,951		9.472940		899,465		0.27%		-38.71%
2008		0.50%		306,649		13.972794		4,284,743		0.27%		-39.01%
2008		0.80%		323,554		13.645751		4,415,137		0.27%		-39.20%
2008		1.00%		36,164		4.174493		150,966		0.27%		-39.32%
NVIT International Index Fund - Class VI (GVIX6)
2012		0.00%		13,989		9.764428		136,595		2.66%		18.29%
2012		0.50%		44,277		9.444081		418,156		2.66%		17.70%
2012		0.80%		104		9.256914		963		2.66%		17.35%
2011		0.00%		17,130		8.254444		141,399		2.90%		-12.72%
2011		0.50%		45,497		8.023727		365,056		2.90%		-13.15%
2011		0.80%		102		7.888392		805		2.90%		-13.41%
2010		0.00%		19,297		9.456969		182,491		2.13%		7.54%
2010		0.50%		39,561		9.238694		365,492		2.13%		7.01%
2010		0.80%		639		9.110128		5,821		2.13%		6.69%
2009		0.00%		21,817		8.793694		191,852		2.63%		28.62%
2009		0.50%		38,936		8.633738		336,163		2.63%		27.98%
2009		0.80%		697		8.539143		5,952		2.63%		27.59%
2008		0.00%		326		6.837123		2,229		2.05%		-43.11%
2008		0.50%		39,457		6.746415		266,193		2.05%		-43.39%
2008		0.80%		1,137		6.692562		7,609		2.05%		-43.56%
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
2012		0.00%		3,629		17.169227		62,307		1.52%		15.90%
2012		0.50%		88,197		16.255930		1,433,724		1.52%		15.32%
2012		0.80%		23,100		15.731416		363,396		1.52%		14.98%
2012		1.00%		805		15.391139		12,390		1.52%		14.75%
2011		0.00%		3,697		14.813448		54,765		1.80%		-3.93%
2011		0.50%		95,067		14.095927		1,340,057		1.80%		-4.41%
2011		0.80%		27,902		13.682175		381,760		1.80%		-4.70%
2011		1.00%		820		13.413080		10,999		1.80%		-4.89%
2010		0.00%		13,121		15.419576		202,320		1.64%		14.63%
2010		0.50%		99,024		14.746126		1,460,220		1.64%		14.06%
2010		0.80%		37,157		14.356213		533,434		1.64%		13.72%
2010		1.00%		834		14.101999		11,761		1.64%		13.49%
2009		0.00%		5,371		13.451838		72,250		1.15%		27.21%
2009		0.50%		118,079		12.928735		1,526,612		1.15%		26.57%
2009		0.80%		36,824		12.624661		464,891		1.15%		26.19%
2009		1.00%		852		12.425900		10,587		1.15%		25.94%
2008		0.00%		5,689		10.574854		60,160		1.95%		-36.84%
2008		0.50%		147,039		10.214579		1,501,941		1.95%		-37.16%
2008		0.80%		53,348		10.004311		533,710		1.95%		-37.35%
2008		1.00%		322		9.866526		3,177		1.95%		-37.47%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
2012		0.50%		4,538	$	13.849830	$	62,851		1.85%		8.84%
2012		0.80%		2,262		13.698322		30,986		1.85%		8.51%
2011		0.50%		4,133		12.725028		52,593		2.03%		0.38%
2011		0.80%		1,419		12.623728		17,913		2.03%		0.08%
2010		0.50%		17,228		12.676549		218,392		1.09%		9.27%
2010		0.80%		516		12.613336		6,508		1.09%		8.94%
2009		0.50%		3,613		11.601491		41,916		0.61%		16.01%		5/1/2009
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
2012		0.50%		3,118		14.927778		46,545		1.64%		11.69%
2012		0.80%		2,912		14.764482		42,994		1.64%		11.35%
2011		0.50%		3,601		13.365506		48,129		1.77%		-1.43%
2011		0.80%		2,553		13.259099		33,850		1.77%		-1.72%
2010		0.80%		271		13.491613		3,656		1.63%		11.14%
2009		0.50%		1,619		12.163837		19,693		1.57%		21.64%		5/1/2009
2009		0.80%		51		12.139517		619		1.57%		21.40%		5/1/2009
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2012		0.00%		9,213		15.415374		142,022		1.31%		5.18%
2012		0.50%		21,627		14.595544		315,658		1.31%		4.65%
2012		0.80%		11,313		14.124710		159,793		1.31%		4.34%
2012		1.00%		6,951		13.819265		96,058		1.31%		4.13%
2011		0.00%		6,588		14.656785		96,559		2.41%		2.93%
2011		0.50%		41,779		13.947019		582,693		2.41%		2.42%
2011		0.80%		13,467		13.537768		182,313		2.41%		2.11%
2011		1.00%		6,801		13.271591		90,260		2.41%		1.91%
2010		0.00%		8,555		14.239553		121,819		2.28%		5.89%
2010		0.50%		39,855		13.617720		542,734		2.28%		5.36%
2010		0.80%		13,404		13.257742		177,707		2.28%		5.05%
2010		1.00%		6,820		13.023020		88,817		2.28%		4.84%
2009		0.00%		9,384		13.447193		126,188		1.79%		9.08%
2009		0.50%		70,008		12.924398		904,811		1.79%		8.54%
2009		0.80%		15,117		12.620548		190,785		1.79%		8.22%
2009		1.00%		2,044		12.421919		25,390		1.79%		8.00%
2008		0.00%		4,138		12.327359		51,011		3.40%		-6.02%
2008		0.50%		51,425		11.907464		612,341		3.40%		-6.49%
2008		0.80%		16,459		11.662459		191,952		3.40%		-6.77%
2008		1.00%		2,434		11.501879		27,996		3.40%		-6.96%
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
2012		0.00%		77,643		16.746328		1,300,235		1.58%		10.81%
2012		0.50%		112,911		15.855596		1,790,271		1.58%		10.26%
2012		0.80%		70,907		15.344089		1,088,003		1.58%		9.93%
2012		1.00%		21,064		15.012265		316,218		1.58%		9.71%
2011		0.00%		109,350		15.112388		1,652,540		2.13%		-0.04%
2011		0.50%		137,944		14.380454		1,983,697		2.13%		-0.54%
2011		0.80%		75,950		13.958439		1,060,143		2.13%		-0.84%
2011		1.00%		18,271		13.683980		250,020		2.13%		-1.03%
2010		0.00%		90,987		15.118520		1,375,589		1.97%		10.91%
2010		0.50%		150,866		14.458239		2,181,257		1.97%		10.36%
2010		0.80%		84,980		14.076015		1,196,180		1.97%		10.03%
2010		1.00%		17,093		13.826815		236,342		1.97%		9.81%
2009		0.00%		92,413		13.630962		1,259,678		1.55%		19.14%
2009		0.50%		181,042		13.100931		2,371,819		1.55%		18.54%
2009		0.80%		87,135		12.792885		1,114,708		1.55%		18.19%
2009		1.00%		17,020		12.591533		214,308		1.55%		17.95%
2008		0.00%		91,097		11.441586		1,042,294		2.78%		-23.20%
2008		0.50%		198,084		11.051801		2,189,185		2.78%		-23.58%
2008		0.80%		97,732		10.824352		1,057,886		2.78%		-23.81%
2008		1.00%		15,405		10.675316		164,453		2.78%		-23.96%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2012		0.00%		38,658	$	17.214305	$	665,471		1.56%		13.76%
2012		0.50%		166,722		16.298646		2,717,343		1.56%		13.19%
2012		0.80%		67,326		15.772806		1,061,920		1.56%		12.85%
2012		1.00%		35,372		15.431703		545,850		1.56%		12.63%
2011		0.00%		37,793		15.132127		571,888		2.01%		-2.13%
2011		0.50%		204,010		14.399187		2,937,578		2.01%		-2.61%
2011		0.80%		81,321		13.976593		1,136,591		2.01%		-2.90%
2011		1.00%		35,914		13.701766		492,085		2.01%		-3.10%
2010		0.00%		46,787		15.460895		723,369		1.87%		12.83%
2010		0.50%		218,019		14.785639		3,223,550		1.87%		12.27%
2010		0.80%		89,682		14.394739		1,290,949		1.87%		11.94%
2010		1.00%		36,475		14.139877		515,752		1.87%		11.71%
2009		0.00%		50,619		13.702388		693,601		1.32%		24.39%
2009		0.50%		233,130		13.169552		3,070,218		1.32%		23.77%
2009		0.80%		96,148		12.859856		1,236,449		1.32%		23.40%
2009		1.00%		37,075		12.657436		469,274		1.32%		23.15%
2008		0.00%		52,343		11.015454		576,582		2.47%		-31.39%
2008		0.50%		254,606		10.640174		2,709,052		2.47%		-31.73%
2008		0.80%		119,944		10.421164		1,249,956		2.47%		-31.94%
2008		1.00%		37,829		10.277660		388,794		2.47%		-32.07%
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
2012		0.00%		12,744		16.407771		209,101		1.74%		8.04%
2012		0.50%		154,565		15.535096		2,401,182		1.74%		7.50%
2012		0.80%		13,202		15.033966		198,478		1.74%		7.18%
2012		1.00%		12,163		14.708875		178,904		1.74%		6.96%
2011		0.00%		18,920		15.186765		287,334		2.27%		2.06%
2011		0.50%		146,362		14.451279		2,115,118		2.27%		1.55%
2011		0.80%		11,647		14.027229		163,375		2.27%		1.25%
2011		1.00%		13,029		13.751450		179,168		2.27%		1.05%
2010		0.00%		16,332		14.879939		243,019		2.08%		8.52%
2010		0.50%		155,524		14.230110		2,213,124		2.08%		7.98%
2010		0.80%		15,867		13.853943		219,821		2.08%		7.65%
2010		1.00%		28,219		13.608694		384,024		2.08%		7.44%
2009		0.00%		16,706		13.712188		229,076		1.78%		14.56%
2009		0.50%		37,901		13.179057		499,499		1.78%		13.99%
2009		0.80%		119,770		12.869197		1,541,344		1.78%		13.65%
2009		1.00%		23,982		12.666675		303,772		1.78%		13.42%
2008		0.00%		14,736		11.969310		176,380		3.21%		-15.04%
2008		0.50%		41,276		11.561611		477,217		3.21%		-15.47%
2008		0.80%		110,626		11.323691		1,252,695		3.21%		-15.72%
2008		1.00%		37,456		11.167796		418,301		3.21%		-15.89%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Mid Cap Index Fund - Class I (MCIF)
2012		0.00%		18,906		$    22.788209		$     430,834		1.01%		17.47%
2012		0.50%		165,403		21.389461		3,537,881		1.01%		16.89%
2012		0.80%		24,568		20.591788		505,899		1.01%		16.53%
2012		1.00%		25,753		18.299103		471,257		1.01%		16.30%
2011		0.00%		26,862		19.398700		521,088		0.77%		-2.54%
2011		0.50%		190,987		18.299463		3,494,960		0.77%		-3.03%
2011		0.80%		26,979		17.670078		476,721		0.77%		-3.32%
2011		1.00%		33,507		15.734191		527,206		0.77%		-3.51%
2010		0.00%		33,688		19.905073		670,562		1.24%		26.20%
2010		0.50%		197,467		18.871107		3,726,421		1.24%		25.57%
2010		0.80%		29,893		18.276712		546,346		1.24%		25.20%
2010		1.00%		27,986		16.306885		456,364		1.24%		24.95%
2009		0.00%		35,437		15.772556		558,932		0.98%		36.76%
2009		0.50%		223,509		15.028105		3,358,917		0.98%		36.07%
2009		0.80%		34,428		14.598417		502,594		0.98%		35.67%
2009		1.00%		21,651		13.051063		282,569		0.98%		35.39%
2008		0.00%		46,729		11.533383		538,943		1.24%		-36.46%
2008		0.50%		218,000		11.044098		2,407,613		1.24%		-36.78%
2008		0.80%		44,095		10.760553		474,487		1.24%		-36.97%
2008		1.00%		34,842		9.639266		335,851		1.24%		-37.10%
NVIT Money Market Fund - Class I (SAM)
2012		0.00%		202,588		15.554998		3,151,256		0.00%
2012		0.50%		646,978		20.546671		13,293,244		0.00%		-0.50%
2012		0.80%		158,342		16.160793		2,558,932		0.00%		-0.80%
2012		1.00%		284,606		10.965576		3,120,869		0.00%		-1.00%
2012		1.30%		1,044		15.228234		15,898		0.00%		-1.30%
2011		0.00%		276,659		15.554998		4,303,430		0.00%		0.00%
2011		0.50%		656,999		20.650204		13,567,163		0.00%		-0.50%
2011		0.80%		172,798		16.291469		2,815,133		0.00%		-0.80%
2011		1.00%		314,552		11.076639		3,484,179		0.00%		-1.00%
2011		1.30%		428		15.429352		6,604		0.00%		-1.30%
2010		0.00%		229,241		15.554987		3,565,841		0.00%		0.00%
2010		0.50%		519,077		20.753682		10,772,759		0.00%		-0.50%
2010		0.80%		116,670		16.422479		1,916,011		0.00%		-0.80%
2010		1.00%		304,520		11.188204		3,407,032		0.00%		-1.00%
2010		1.30%		250		15.632002		3,908		0.00%		-1.30%
2009		0.00%		293,432		15.554967		4,564,325		0.05%		0.04%
2009		0.50%		625,978		20.857934		13,056,608		0.05%		-0.46%
2009		0.80%		140,909		16.554897		2,332,734		0.05%		-0.76%
2009		1.00%		317,630		11.301196		3,589,599		0.05%		-0.96%
2009		1.30%		268		15.837870		4,245		0.05%		-1.26%
2008		0.00%		426,717		15.548444		6,634,785		2.06%		2.05%
2008		0.50%		1,022,503		20.953951		21,425,478		2.06%		1.54%
2008		0.80%		217,188		16.681402		3,623,000		2.06%		1.24%
2008		1.00%		434,025		11.410562		4,952,469		2.06%		1.03%
2008		1.30%		283		16.039742		4,539		2.06%		0.73%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)
2012		0.00%		18,564	$	10.026765	$	186,137		0.58%		15.78%
2012		0.50%		325,197		9.795449		3,185,451		0.58%		15.20%
2012		0.80%		70,859		9.659227		684,443		0.58%		14.85%
2012		1.00%		9,316		15.659940		145,888		0.58%		14.62%
2011		0.00%		20,098		8.660251		174,054		1.30%		-9.37%
2011		0.50%		372,824		8.502961		3,170,108		1.30%		-9.82%
2011		0.80%		83,371		8.409948		701,146		1.30%		-10.09%
2011		1.00%		9,785		13.661922		133,682		1.30%		-10.27%
2010		0.00%		23,527		9.555175		224,805		0.75%		14.04%
2010		0.50%		425,581		9.428595		4,012,631		0.75%		13.47%
2010		0.80%		93,168		9.353449		871,442		0.75%		13.13%
2009		0.00%		32,180		8.379106		269,640		0.84%		36.46%
2009		0.50%		513,260		8.309496		4,264,932		0.84%		35.78%
2009		0.80%		104,749		8.268003		866,065		0.84%		35.37%
2008		0.50%		238		6.119892		1,457		0.10%		-38.80%		5/1/2008
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
2012		0.00%		308		17.262313		5,317		0.39%		17.29%
2012		0.50%		7,162		16.447511		117,797		0.39%		16.71%
2012		0.80%		1,142		15.977207		18,246		0.39%		16.36%
2011		0.00%		315		14.717057		4,636		1.51%		-16.24%
2011		0.50%		7,720		14.092846		108,797		1.51%		-16.66%
2011		0.80%		1,263		13.731085		17,342		1.51%		-16.91%
2010		0.00%		321		17.570720		5,640		2.16%		6.19%
2010		0.50%		14,066		16.909786		237,853		2.16%		5.66%
2010		0.80%		1,735		16.525211		28,671		2.16%		5.34%
2009		0.00%		955		16.546611		15,802		2.11%		29.86%
2009		0.50%		16,368		16.003937		261,952		2.11%		29.21%
2009		0.80%		2,462		15.686900		38,621		2.11%		28.82%
2008		0.00%		1,177		12.742294		14,998		1.71%		-46.31%
2008		0.50%		16,733		12.386191		207,258		1.71%		-46.58%
2008		0.80%		4,801		12.177329		58,463		1.71%		-46.74%
NVIT Multi-Manager International Value Fund - Class III (GVDIV3)
2012		0.00%		8,328		10.521355		87,622		0.38%		17.24%
2012		0.50%		29,494		10.125555		298,643		0.38%		16.65%
2012		0.80%		7,133		9.895215		70,583		0.38%		16.30%
2011		0.00%		8,096		8.974574		72,658		1.70%		-16.11%
2011		0.50%		37,989		8.680344		329,758		1.70%		-16.53%
2011		0.80%		7,957		8.508430		67,702		1.70%		-16.78%
2010		0.00%		9,164		10.698362		98,040		2.04%		6.11%
2010		0.50%		61,361		10.399457		638,121		2.04%		5.58%
2010		0.80%		8,310		10.224128		84,963		2.04%		5.27%
2009		0.00%		9,171		10.082162		92,464		2.14%		29.84%
2009		0.50%		87,232		9.849548		859,196		2.14%		29.19%
2009		0.80%		9,816		9.712549		95,338		2.14%		28.80%
2008		0.00%		7,281		7.765128		56,538		1.67%		-46.33%
2008		0.50%		88,977		7.624008		678,361		1.67%		-46.60%
2008		0.80%		21,725		7.540568		163,819		1.67%		-46.76%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
2012		0.00%		26,317	$	10.778503	$	283,658		0.46%		16.35%
2012		0.50%		89,102		10.529858		938,231		0.46%		15.77%
2012		0.80%		18,210		10.383415		189,082		0.46%		15.43%
2012		1.00%		8,944		10.286933		92,006		0.46%		15.19%
2011		0.00%		29,306		9.263525		271,477		0.01%		-2.91%
2011		0.50%		109,085		9.095279		992,159		0.01%		-3.39%
2011		0.80%		21,034		8.995790		189,217		0.01%		-3.68%
2011		1.00%		16,222		8.930079		144,864		0.01%		-3.87%
2010		0.00%		31,606		9.540808		301,547		0.07%		15.51%
2010		0.50%		128,373		9.414378		1,208,552		0.07%		14.93%
2010		0.80%		23,761		9.339315		221,911		0.07%		14.59%
2010		1.00%		20,763		9.289615		192,880		0.07%		14.36%
2009		0.00%		4,410		8.259762		36,426		0.86%		29.78%
2009		0.50%		26,167		8.191112		214,337		0.86%		29.13%
2009		0.80%		7,925		8.150192		64,590		0.86%		28.74%
2008		0.00%		206		6.364575		1,311		0.22%		-36.35%		5/1/2008
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
2012		0.00%		15,807		10.172659		160,799		1.33%		17.81%
2012		0.50%		91,309		9.937905		907,420		1.33%		17.22%
2012		0.80%		12,168		9.799657		119,242		1.33%		16.87%
2012		1.00%		1,255		11.358976		14,256		1.33%		16.64%
2011		0.00%		34,148		8.634796		294,861		1.08%		-5.83%
2011		0.50%		96,838		8.477900		820,983		1.08%		-6.30%
2011		0.80%		13,969		8.385144		117,132		1.08%		-6.58%
2011		1.00%		1,262		9.738891		12,290		1.08%		-6.77%
2010		0.00%		35,838		9.169345		328,611		0.84%		13.05%
2010		0.50%		101,632		9.047788		919,545		0.84%		12.48%
2010		0.80%		16,970		8.975644		152,317		0.84%		12.15%
2010		1.00%		12,610		10.445550		131,718		0.84%		4.46%		4/30/2010
2009		0.00%		6,514		8.111157		52,836		1.29%		27.59%
2009		0.50%		44,311		8.043706		356,425		1.29%		26.96%
2009		0.80%		6,036		8.003520		48,309		1.29%		26.58%
2008		0.50%		14,906		6.335825		94,442		0.64%		-36.64%		5/1/2008
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
2012		0.00%		87,228		11.140525		971,766		0.00%		14.90%
2012		0.50%		1,587,943		10.883523		17,282,414		0.00%		14.33%
2012		0.80%		642,181		10.732136		6,891,974		0.00%		13.99%
2012		1.00%		5,625		10.632396		59,807		0.00%		13.76%
2011		0.00%		94,806		9.695515		919,193		0.00%		-4.23%
2011		0.50%		1,813,315		9.519437		17,261,738		0.00%		-4.71%
2011		0.80%		731,063		9.415283		6,883,165		0.00%		-4.99%
2011		1.00%		9,617		9.346508		89,885		0.00%		-5.18%
2010		0.00%		101,497		10.123676		1,027,523		0.00%		26.82%
2010		0.50%		1,981,319		9.989544		19,792,473		0.00%		26.19%
2010		0.80%		841,312		9.909902		8,337,319		0.00%		25.81%
2010		1.00%		10,423		9.857166		102,741		0.00%		25.56%
2009		0.00%		115,105		7.982859		918,867		0.00%		27.12%
2009		0.50%		2,272,347		7.916522		17,989,085		0.00%		26.49%
2009		0.80%		940,788		7.876972		7,410,561		0.00%		26.11%
2009		1.00%		8,003		7.850719		62,829		0.00%		25.86%
2008		0.00%		205		6.279727		1,287		0.00%		-37.20%		5/1/2008
2008		0.80%		50		6.246185		312		0.00%		-37.54%		5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2012		0.00%		50,732	$	11.987208	$	608,135		1.11%		16.35%
2012		0.50%		1,112,518		11.710634		13,028,291		1.11%		15.76%
2012		0.80%		422,872		11.547772		4,883,229		1.11%		15.42%
2012		1.00%		2,361		11.440460		27,011		1.11%		15.19%
2011		0.00%		61,520		10.303092		633,846		0.81%		-2.32%
2011		0.50%		1,245,189		10.115953		12,596,273		0.81%		-2.81%
2011		0.80%		479,786		10.005304		4,800,405		0.81%		-3.10%
2011		1.00%		2,127		9.932212		21,126		0.81%		-3.29%
2010		0.00%		65,042		10.547920		686,058		1.34%		19.63%
2010		0.50%		1,352,323		10.408149		14,075,179		1.34%		19.04%
2010		0.80%		547,009		10.325176		5,647,964		1.34%		18.68%
2010		1.00%		5,316		10.270231		54,597		1.34%		18.44%
2009		0.00%		70,473		8.817001		621,361		0.64%		30.47%
2009		0.50%		1,512,728		8.743730		13,226,885		0.64%		29.82%
2009		0.80%		609,962		8.700057		5,306,704		0.64%		29.43%
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
2012		0.00%		22,570		8.694087		196,226		0.00%		13.44%
2012		0.50%		77,757		8.160266		634,518		0.00%		12.87%
2012		0.80%		15,425		7.855846		121,176		0.00%		12.53%
2012		1.00%		78,406		7.668653		601,268		0.00%		12.31%
2011		0.00%		12,333		7.664195		94,523		0.00%		-0.65%
2011		0.50%		93,597		7.229749		676,683		0.00%		-1.14%
2011		0.80%		18,453		6.981005		128,820		0.00%		-1.44%
2011		1.00%		123,708		6.828337		844,720		0.00%		-1.63%
2010		0.00%		9,144		7.714194		70,539		0.00%		25.45%
2010		0.50%		96,747		7.313318		707,542		0.00%		24.82%
2010		0.80%		17,050		7.082879		120,763		0.00%		24.45%
2010		1.00%		69,271		6.941831		480,868		0.00%		24.20%
2009		0.00%		16,609		6.149352		102,135		0.00%		27.46%
2009		0.50%		85,760		5.858978		502,466		0.00%		26.83%
2009		0.80%		17,399		5.691397		99,025		0.00%		26.45%
2009		1.00%		19,372		5.589217		108,274		0.00%		26.19%
2008		0.00%		17,888		4.824485		86,300		0.00%		-46.42%
2008		0.50%		130,619		4.619718		603,423		0.00%		-46.69%
2008		0.80%		21,966		4.501065		98,870		0.00%		-46.85%
2008		1.00%		20,235		4.429099		89,623		0.00%		-46.95%
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
2012		0.00%		37,412		29.338040		1,097,595		0.81%		20.44%
2012		0.50%		108,270		27.262957		2,951,760		0.81%		19.84%
2012		0.80%		21,125		26.089050		551,131		0.81%		19.48%
2012		1.00%		13,893		20.570124		285,781		0.81%		19.24%
2011		0.00%		43,501		24.358089		1,059,601		0.46%		-5.07%
2011		0.50%		121,991		22.748905		2,775,162		0.46%		-5.54%
2011		0.80%		23,301		21.834904		508,775		0.46%		-5.83%
2011		1.00%		20,207		17.250436		348,580		0.46%		-6.01%
2010		0.00%		45,999		25.658983		1,180,288		0.59%		26.60%
2010		0.50%		141,538		24.083789		3,408,771		0.59%		25.97%
2010		0.80%		28,308		23.185502		656,335		0.59%		25.60%
2010		1.00%		23,882		18.354081		438,332		0.59%		25.35%
2009		0.00%		53,851		20.267143		1,091,406		0.58%		26.22%
2009		0.50%		157,034		19.118176		3,002,204		0.58%		25.59%
2009		0.80%		32,510		18.460331		600,145		0.58%		25.21%
2009		1.00%		25,324		14.642760		370,813		0.58%		24.96%
2008		0.00%		60,976		16.057560		979,126		1.09%		-32.15%
2008		0.50%		175,334		15.223184		2,669,142		1.09%		-32.49%
2008		0.80%		60,213		14.743543		887,753		1.09%		-32.69%
2008		1.00%		35,377		11.718013		414,548		1.09%		-32.83%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Multi-Manager Small Company Fund - Class I (SCF)
2012		0.00%		52,840	$	37.048983	$	1,957,668		0.15%		15.50%
2012		0.50%		237,355		44.897637		10,656,679		0.15%		14.93%
2012		0.80%		70,077		43.101045		3,020,392		0.15%		14.58%
2012		1.00%		22,830		16.454928		375,666		0.15%		14.35%
2011		0.00%		58,368		32.076366		1,872,233		0.53%		-5.56%
2011		0.50%		267,316		39.066862		10,443,197		0.53%		-6.03%
2011		0.80%		80,173		37.616516		3,015,829		0.53%		-6.31%
2011		1.00%		26,131		14.389885		376,022		0.53%		-6.50%
2010		0.00%		67,976		33.964289		2,308,757		0.29%		25.32%
2010		0.50%		306,407		41.573237		12,738,331		0.29%		24.69%
2010		0.80%		91,283		40.149925		3,665,006		0.29%		24.32%
2010		1.00%		27,683		15.389709		426,033		0.29%		24.07%
2009		0.00%		77,583		27.102331		2,102,680		0.27%		34.70%
2009		0.50%		340,812		33.340069		11,362,696		0.27%		34.03%
2009		0.80%		103,817		32.295248		3,352,796		0.27%		33.63%
2009		1.00%		29,328		12.403715		363,776		0.27%		33.36%
2008		0.00%		95,931		20.120207		1,930,152		0.82%		-38.19%
2008		0.50%		389,374		24.875036		9,685,692		0.82%		-38.50%
2008		0.80%		127,206		24.167902		3,074,302		0.82%		-38.68%
2008		1.00%		33,872		9.300801		315,037		0.82%		-38.80%
NVIT Multi-Sector Bond Fund - Class I (MSBF)
2012		0.00%		14,422		21.146740		304,978		2.55%		12.25%
2012		0.50%		60,062		19.849367		1,192,193		2.55%		11.69%
2012		0.80%		6,494		19.109390		124,096		2.55%		11.35%
2012		1.00%		31,800		18.257940		580,602		2.55%		11.13%
2011		0.00%		13,494		18.839019		254,214		4.57%		5.55%
2011		0.50%		62,879		17.772057		1,117,489		4.57%		5.02%
2011		0.80%		7,241		17.161065		124,263		4.57%		4.71%
2011		1.00%		33,462		16.429316		549,758		4.57%		4.50%
2010		0.00%		13,008		17.848904		232,179		5.92%		10.59%
2010		0.50%		47,334		16.922173		800,994		5.92%		10.04%
2010		0.80%		7,395		16.389349		121,199		5.92%		9.71%
2010		1.00%		20,023		15.721825		314,798		5.92%		9.49%
2009		0.00%		12,961		16.140130		209,192		10.24%		24.38%
2009		0.50%		63,508		15.378776		976,675		10.24%		23.76%
2009		0.80%		8,435		14.939280		126,013		10.24%		23.39%
2009		1.00%		12,411		14.359495		178,216		10.24%		23.14%
2008		0.00%		7,635		12.976596		99,076		6.56%		-17.29%
2008		0.50%		52,478		12.426396		652,112		6.56%		-17.70%
2008		0.80%		10,404		12.107507		125,967		6.56%		-17.95%
2008		1.00%		4,740		11.660904		55,273		6.56%		-18.11%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Short Term Bond Fund - Class II (NVSTB2)
2012		0.00%		1,240	$	11.438838	$	14,184		1.41%		3.52%
2012		0.50%		42,525		11.175048		475,219		1.41%		3.01%
2012		0.80%		3,662		11.019701		40,354		1.41%		2.70%
2011		0.00%		1,279		11.049485		14,132		1.61%		1.30%
2011		0.50%		35,719		10.848926		387,513		1.61%		0.79%
2011		0.80%		4,432		10.730325		47,557		1.61%		0.49%
2010		0.00%		2,211		10.907906		24,117		1.12%		2.42%
2010		0.50%		41,583		10.763451		447,577		1.12%		1.91%
2010		0.80%		4,742		10.677685		50,634		1.12%		1.60%
2009		0.00%		3,355		10.650192		35,731		2.72%		7.11%
2009		0.50%		177,387		10.561833		1,873,532		2.72%		6.58%
2009		0.80%		7,304		10.509149		76,759		2.72%		6.26%
2008		0.00%		259		9.943310		2,575		1.15%		-0.57%		5/1/2008
2008		0.50%		2,297		9.910227		22,764		1.15%		-0.90%		5/1/2008
2008		0.80%		231		9.890421		2,285		1.15%		-1.10%		5/1/2008
NVIT Large Cap Growth Fund - Class I (NVOLG1)
2012		0.00%		338,602		16.487341		5,582,647		0.69%		18.68%
2012		0.50%		1,901,644		16.187910		30,783,642		0.69%		18.09%
2012		0.80%		439,107		16.010853		7,030,478		0.69%		17.74%
2012		1.00%		137,473		15.893913		2,184,984		0.69%		17.50%
2012		1.30%		2		15.720064		31		0.69%		17.15%
2011		0.00%		383,225		13.891692		5,323,644		0.67%		-2.23%
2011		0.50%		2,143,935		13.707902		29,388,851		0.67%		-2.72%
2011		0.80%		511,317		13.598787		6,953,291		0.67%		-3.01%
2011		1.00%		199,807		13.526537		2,702,697		0.67%		-3.20%
2011		1.30%		2		13.418859		27		0.67%		-3.49%
2010		0.00%		485,396		14.209081		6,897,031		0.06%		8.80%
2010		0.50%		2,560,843		14.091225		36,085,415		0.06%		8.26%
2010		0.80%		584,895		14.020971		8,200,796		0.06%		7.93%
2010		1.00%		242,433		13.974338		3,387,841		0.06%		7.72%
2010		1.30%		2		13.904670		28		0.06%		7.40%
2009		0.80%		91		12.990421		1,182		0.07%		29.90%		5/1/2009
2009		1.00%		393		12.973105		5,098		0.07%		29.73%		5/1/2009
Templeton NVIT International Value Fund - Class III (NVTIV3)
2012		0.00%		1,527		14.513999		22,163		3.34%		19.56%
2012		0.50%		4,570		14.250281		65,124		3.34%		18.97%
2012		0.80%		537		14.094377		7,569		3.34%		18.61%
2011		0.00%		176		12.139096		2,136		2.58%		-12.43%
2011		0.50%		2,840		11.978398		34,019		2.58%		-12.86%
2011		0.80%		968		11.883015		11,503		2.58%		-13.12%
2010		0.50%		2,751		13.746466		37,817		2.73%		5.82%
2010		0.80%		565		13.677945		7,728		2.73%		5.50%
2009		0.50%		868		12.990964		11,276		0.77%		29.91%		5/1/2009
2009		0.80%		106		12.965005		1,374		0.77%		29.65%		5/1/2009

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Van Kampen NVIT Comstock Value Fund - Class I (EIF)
2012		0.00%		4,266	$	19.088364	$	81,431		1.07%		18.46%
2012		0.50%		19,373		18.187529		352,347		1.07%		17.87%
2012		0.80%		3,872		17.667550		68,409		1.07%		17.52%
2011		0.00%		3,018		16.113167		48,630		1.30%		-2.32%
2011		0.50%		31,295		15.429859		482,877		1.30%		-2.81%
2011		0.80%		5,701		15.033857		85,708		1.30%		-3.10%
2010		0.00%		3,786		16.496681		62,456		1.54%		15.77%
2010		0.50%		37,441		15.876158		594,419		1.54%		15.19%
2010		0.80%		6,522		15.515100		101,189		1.54%		14.85%
2009		0.00%		4,308		14.249315		61,386		1.11%		28.55%
2009		0.50%		33,022		13.781994		455,109		1.11%		27.91%
2009		0.80%		6,110		13.508987		82,540		1.11%		27.52%
2008		0.00%		6,958		11.084763		77,128		1.98%		-36.99%
2008		0.50%		33,463		10.774963		360,563		1.98%		-37.31%
2008		0.80%		7,035		10.593240		74,523		1.98%		-37.49%
NVIT Real Estate Fund - Class I (NVRE1)
2012		0.00%		63,489		11.860098		752,986		1.01%		15.79%
2012		0.50%		541,058		11.586264		6,268,841		1.01%		15.21%
2012		0.80%		138,767		11.424998		1,585,413		1.01%		14.86%
2012		1.00%		23,747		11.318740		268,786		1.01%		14.63%
2011		0.00%		67,393		10.243095		690,313		0.86%		6.50%
2011		0.50%		676,021		10.056852		6,798,643		0.86%		5.97%
2011		0.80%		152,282		9.946733		1,514,708		0.86%		5.65%
2011		1.00%		23,921		9.873993		236,196		0.86%		5.44%
2010		0.00%		60,720		9.617905		583,999		1.91%		30.18%
2010		0.50%		723,190		9.490250		6,863,254		1.91%		29.53%
2010		0.80%		178,017		9.414469		1,675,936		1.91%		29.14%
2010		1.00%		17,013		9.364280		159,314		1.91%		28.89%
2009		0.00%		65,646		7.388147		485,002		2.18%		30.84%
2009		0.50%		805,068		7.326555		5,898,375		2.18%		30.18%
2009		0.80%		203,153		7.289844		1,480,954		2.18%		29.79%
2009		1.00%		198		7.265473		1,439		2.18%		29.53%
2008		0.00%		215		5.646840		1,214		3.65%		-43.53%		5/1/2008
2008		0.50%		10,242		5.627880		57,641		3.65%		-43.72%		5/1/2008
2008		0.80%		226		5.616528		1,269		3.65%		-43.83%		5/1/2008
VPS Growth and Income Portfolio - Class A (ALVGIA)
2012		0.00%		1,144		18.182276		20,801		1.48%		17.52%
2012		0.50%		13,210		17.324203		228,853		1.48%		16.94%
2012		0.80%		2,673		16.828957		44,984		1.48%		16.59%
2011		0.00%		1,168		15.470995		18,070		1.34%		6.32%
2011		0.50%		15,467		14.814923		229,142		1.34%		5.79%
2011		0.80%		2,845		14.434748		41,067		1.34%		5.47%
2010		0.00%		579		14.551780		8,425		0.00%		13.09%
2010		0.50%		13,218		14.004383		185,110		0.00%		12.53%
2010		0.80%		3,483		13.685906		47,668		0.00%		12.19%
2009		0.00%		6,768		12.867191		87,085		4.22%		20.82%
2009		0.50%		22,233		12.445189		276,694		4.22%		20.22%
2009		0.80%		4,088		12.198669		49,868		4.22%		19.86%
2008		0.00%		16,526		10.649521		175,994		2.08%		-40.60%
2008		0.50%		28,510		10.351889		295,132		2.08%		-40.90%
2008		0.80%		5,311		10.177334		54,052		2.08%		-41.08%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
2012		0.00%		3,380	$	26.019263	$	87,945		0.48%		18.75%
2012		0.50%		30,458		24.791368		755,095		0.48%		18.15%
2012		0.80%		6,050		24.082624		145,700		0.48%		17.80%
2011		0.00%		7,367		21.911401		161,421		0.52%		-8.39%
2011		0.50%		33,867		20.982250		710,606		0.52%		-8.85%
2011		0.80%		6,262		20.443783		128,019		0.52%		-9.12%
2010		0.00%		5,927		23.918151		141,763		0.49%		26.91%
2010		0.50%		44,590		23.018557		1,026,397		0.49%		26.28%
2010		0.80%		7,246		22.495125		163,000		0.49%		25.90%
2009		0.00%		3,930		18.846934		74,068		1.08%		42.86%
2009		0.50%		29,568		18.228862		538,991		1.08%		42.14%
2009		0.80%		4,957		17.867799		88,571		1.08%		41.72%
2008		0.00%		5,223		13.192861		68,906		0.75%		-35.58%
2008		0.50%		30,212		12.824196		387,445		0.75%		-35.90%
2008		0.80%		7,514		12.607947		94,736		0.75%		-36.09%
VP Balanced Fund - Class I (ACVB)
2012		0.00%		15,313		26.226727		401,610		2.08%		11.80%
2012		0.50%		78,313		32.033774		2,508,661		2.08%		11.24%
2012		0.80%		23,027		30.911891		711,808		2.08%		10.91%
2012		1.00%		50,790		14.116446		716,974		2.08%		10.69%
2012		1.30%		6		27.874115		167		2.08%		10.35%
2011		0.00%		17,832		23.458367		418,310		1.88%		5.33%
2011		0.50%		70,885		28.796383		2,041,232		1.88%		4.81%
2011		0.80%		24,908		27.871548		694,225		1.88%		4.49%
2011		1.00%		50,131		12.753560		639,349		1.88%		4.29%
2011		1.30%		1		25.258809		25		1.88%		3.97%
2010		0.00%		20,936		22.270938		466,264		1.89%		11.64%
2010		0.50%		75,406		27.475433		2,071,813		1.89%		11.08%
2010		0.80%		27,822		26.672710		742,088		1.89%		10.75%
2010		1.00%		53,697		12.229364		656,680		1.89%		10.53%
2010		1.30%		1		24.293201		24		1.89%		10.19%
2009		0.00%		22,461		19.949729		448,091		5.53%		15.48%
2009		0.50%		86,103		24.735048		2,129,762		5.53%		14.91%
2009		0.80%		29,897		24.084460		720,053		5.53%		14.56%
2009		1.00%		55,234		11.064741		611,150		5.53%		14.33%
2009		1.30%		1		22.045707		22		5.53%		13.99%
2008		0.00%		23,201		17.275155		400,801		2.47%		-20.33%
2008		0.50%		98,678		21.526265		2,124,169		2.47%		-20.73%
2008		0.80%		46,134		21.023041		969,877		2.47%		-20.97%
2008		1.00%		57,666		9.677622		558,070		2.47%		-21.13%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VP Capital Appreciation Fund - Class I (ACVCA)
2012		0.00%		11,127	$	24.926638	$	277,359		0.00%		16.00%
2012		0.50%		492		60.371528		29,703		0.00%		15.42%
2012		0.80%		545		36.864587		20,091		0.00%		15.08%
2012		1.00%		95,454		11.884565		1,134,429		0.00%		14.84%
2012		1.30%		27		35.886221		969		0.00%		14.50%
2011		0.00%		11,225		21.488190		241,205		0.00%		-6.51%
2011		0.50%		495		52.305178		25,891		0.00%		-6.97%
2011		0.80%		461		32.035223		14,768		0.00%		-7.25%
2011		1.00%		98,038		10.348382		1,014,535		0.00%		-7.44%
2011		1.30%		3		31.341703		94		0.00%		-7.71%
2010		0.00%		13,217		22.983587		303,774		0.00%		31.29%
2010		0.50%		498		56.225138		28,000		0.00%		30.64%
2010		0.80%		486		34.539358		16,786		0.00%		30.25%
2010		1.00%		108,509		11.179591		1,213,086		0.00%		29.99%
2009		0.00%		13,421		17.505890		234,947		1.33%		37.07%
2009		0.50%		504		43.039250		21,692		1.33%		36.39%
2009		0.80%		465		26.518517		12,331		1.33%		35.98%
2009		1.00%		128,037		8.600594		1,101,194		1.33%		35.71%
2008		0.00%		41,738		12.771185		533,044		0.00%		-46.18%
2008		0.50%		182,727		31.556083		5,766,148		0.00%		-46.45%
2008		0.80%		130,432		19.501606		2,543,633		0.00%		-46.61%
2008		1.00%		143,436		6.337501		909,026		0.00%		-46.72%
VP Income & Growth Fund - Class I (ACVIG)
2012		0.00%		19,436		15.892761		308,892		2.03%		14.74%
2012		0.50%		67,927		14.768780		1,003,199		2.03%		14.17%
2012		0.80%		8,532		14.132942		120,582		2.03%		13.83%
2012		1.00%		8,072		11.342396		91,556		2.03%		13.60%
2011		0.00%		24,364		13.850615		337,456		1.54%		3.11%
2011		0.50%		91,748		12.935713		1,186,826		1.54%		2.60%
2011		0.80%		10,171		12.416062		126,284		1.54%		2.29%
2011		1.00%		8,410		9.984507		83,970		1.54%		2.09%
2010		0.00%		25,652		13.432615		344,573		1.54%		14.15%
2010		0.50%		101,037		12.608071		1,273,882		1.54%		13.58%
2010		0.80%		12,313		12.137849		149,453		1.54%		13.24%
2010		1.00%		7,003		9.780279		68,491		1.54%		13.01%
2009		0.00%		26,440		11.767915		311,144		5.01%		18.10%
2009		0.50%		101,794		11.100863		1,130,001		5.01%		17.51%
2009		0.80%		15,113		10.718927		161,995		5.01%		17.16%
2009		1.00%		7,280		8.654230		63,003		5.01%		16.92%
2008		0.00%		29,644		9.964615		295,391		2.06%		-34.59%
2008		0.50%		123,288		9.446908		1,164,690		2.06%		-34.91%
2008		0.80%		27,111		9.149298		248,047		2.06%		-35.11%
2008		1.00%		9,362		7.401733		69,295		2.06%		-35.24%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
American Century VP Inflation Protection Fund - Class II (ACVIP2)
2012		0.00%		26,763	$	16.884507	$	451,880		2.37%		7.39%
2012		0.50%		103,784		16.086145		1,669,484		2.37%		6.85%
2012		0.80%		13,907		15.623984		217,283		2.37%		6.53%
2011		0.00%		25,289		15.723236		397,625		4.00%		11.74%
2011		0.50%		117,480		15.055027		1,768,665		4.00%		11.19%
2011		0.80%		16,947		14.666531		248,554		4.00%		10.86%
2010		0.00%		23,941		14.070730		336,867		1.70%		5.12%
2010		0.50%		96,102		13.540060		1,301,227		1.70%		4.59%
2010		0.80%		15,032		13.230161		198,876		1.70%		4.28%
2009		0.00%		22,549		13.385524		301,830		1.82%		10.21%
2009		0.50%		108,771		12.945320		1,408,075		1.82%		9.66%
2009		0.80%		13,631		12.687145		172,938		1.82%		9.33%
2008		0.00%		25,234		12.144940		306,465		4.87%		-1.59%
2008		0.50%		84,313		11.804557		995,278		4.87%		-2.08%
2008		0.80%		17,280		11.604121		200,519		4.87%		-2.38%
VP International Fund - Class I (ACVI)
2012		0.00%		13,233		24.896683		329,458		0.85%		21.16%
2012		0.80%		572		24.177125		13,829		0.85%		20.19%
2012		1.00%		27,108		10.073381		273,069		0.85%		19.95%
2011		0.00%		14,027		20.548394		288,232		1.43%		-12.04%
2011		0.80%		572		20.115095		11,506		1.43%		-12.74%
2011		1.00%		29,115		8.397753		244,501		1.43%		-12.92%
2010		0.00%		15,900		23.361398		371,446		2.37%		13.29%
2010		0.50%		133		23.825547		3,169		2.37%		12.73%
2010		0.80%		572		23.052345		13,186		2.37%		12.39%
2010		1.00%		42,377		9.643270		408,653		2.37%		12.17%
2009		0.00%		16,897		20.620545		348,425		3.20%		33.76%
2009		0.80%		572		20.510931		11,732		3.20%		32.70%
2009		1.00%		54,101		8.597301		465,123		3.20%		32.43%
2008		0.00%		31,455		15.415539		484,896		0.86%		-44.82%
2008		0.50%		167,006		15.879697		2,652,005		0.86%		-45.10%
2008		0.80%		35,916		15.456745		555,144		0.86%		-45.26%
2008		1.00%		62,231		6.491776		403,990		0.86%		-45.37%
VP International Fund - Class III (ACVI3)
2012		0.00%		13,657		15.354631		209,698		0.81%		21.16%
2011		0.00%		16,408		12.672898		207,937		1.42%		-12.04%
2010		0.00%		16,935		14.407773		243,996		2.25%		13.29%
2009		0.00%		17,215		12.717392		218,930		3.37%		33.76%
2008		0.00%		25,760		9.507294		244,908		0.79%		-44.82%
2008		0.50%		146,762		9.334573		1,369,961		0.79%		-45.10%
2008		0.80%		43,028		9.232446		397,254		0.79%		-45.26%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VP Mid Cap Value Fund - Class I (ACVMV1)
2012		0.00%		2,582	$	18.021035	$	46,530		1.97%		16.33%
2012		0.50%		68,118		17.343371		1,181,396		1.97%		15.75%
2012		0.80%		5,768		16.949046		97,762		1.97%		15.40%
2011		0.00%		2,657		15.491583		41,161		1.31%		-0.69%
2011		0.50%		84,192		14.983934		1,261,527		1.31%		-1.19%
2011		0.80%		7,564		14.687355		111,095		1.31%		-1.48%
2010		0.00%		4,230		15.599747		65,987		2.37%		19.25%
2010		0.50%		78,645		15.164047		1,192,576		2.37%		18.66%
2010		0.80%		9,365		14.908480		139,618		2.37%		18.30%
2009		0.00%		3,761		13.081223		49,198		3.82%		29.94%
2009		0.50%		65,407		12.779527		835,871		3.82%		29.30%
2009		0.80%		9,006		12.601860		113,492		3.82%		28.91%
2008		0.00%		4,099		10.066767		41,264		0.09%		-24.35%
2008		0.50%		66,882		9.883888		661,054		0.09%		-24.73%
2008		0.80%		9,574		9.775760		93,593		0.09%		-24.95%
VP Ultra(R) Fund - Class I (ACVU1)
2012		0.00%		2,867		13.977037		40,072		0.00%		13.92%
2012		1.00%		3,221		12.562574		40,464		0.00%		12.79%
2011		0.00%		1,197		12.268729		14,686		0.00%		1.07%
2011		1.00%		2,829		11.138189		31,510		0.00%		0.06%
2010		0.00%		1,897		12.139312		23,028		0.59%		16.08%
2010		1.00%		1,507		11.131199		16,775		0.59%		14.93%
2009		0.00%		2,677		10.457353		27,994		0.46%		34.48%
2009		1.00%		2,132		9.685187		20,649		0.46%		33.14%
2008		0.00%		5,710		7.776182		44,402		0.00%		-41.48%
2008		0.50%		26,006		7.521089		195,593		0.00%		-41.77%
2008		0.80%		6,452		7.372083		47,565		0.00%		-41.95%
2008		1.00%		2,588		7.274343		18,826		0.00%		-42.06%
VP Value Fund - Class I (ACVV)
2010		0.80%		5		23.542842		118		1.67%		10.31%
2009		0.00%		56,018		23.686331		1,326,861		5.84%		19.86%
2009		0.50%		202,297		22.072010		4,465,101		5.84%		19.27%
2009		0.80%		43,721		21.343028		933,139		5.84%		18.91%
2009		1.00%		42,294		15.543434		657,394		5.84%		18.67%
2008		0.00%		61,645		19.761076		1,218,172		2.47%		-26.78%
2008		0.50%		229,017		18.506594		4,238,325		2.47%		-27.14%
2008		0.80%		63,519		17.949130		1,140,111		2.47%		-27.36%
2008		1.00%		53,224		13.097945		697,125		2.47%		-27.51%
VP Vista(SM) Fund - Class I (ACVVS1)
2012		0.00%		2,628		14.497885		38,100		0.00%		15.61%
2011		0.00%		2,700		12.539840		33,858		0.00%		-7.89%
2010		0.00%		3,086		13.614679		42,015		0.00%		23.88%
2009		0.00%		3,463		10.990064		38,059		0.00%		22.47%
2008		0.00%		4,820		8.973691		43,253		0.00%		-48.62%
2008		0.50%		85,867		8.810636		756,543		0.00%		-48.88%
2008		0.80%		14,766		8.714227		128,674		0.00%		-49.03%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
2012		0.00%		18,874	$	19.873008	$	375,083		0.48%		15.74%
2012		0.50%		52,183		18.840668		983,163		0.48%		15.16%
2012		0.80%		8,047		18.247194		146,835		0.48%		14.82%
2012		1.00%		16,022		17.861918		286,184		0.48%		14.59%
2012		1.30%		10		17.299211		173		0.48%		14.24%
2011		0.00%		20,644		17.170194		354,461		0.57%		0.56%
2011		0.50%		66,923		16.360013		1,094,861		0.57%		0.06%
2011		0.80%		9,732		15.892376		154,665		0.57%		-0.24%
2011		1.00%		19,008		15.588032		296,297		0.57%		-0.44%
2010		0.00%		22,647		17.074091		386,677		0.55%		25.83%
2010		0.50%		53,266		16.349821		870,890		0.55%		25.20%
2010		0.80%		11,107		15.930108		176,936		0.55%		24.82%
2010		1.00%		22,243		15.656264		348,242		0.55%		24.58%
2009		0.00%		23,938		13.569574		324,828		2.51%		25.03%
2009		0.50%		57,317		13.059017		748,504		2.51%		24.40%
2009		0.80%		10,571		12.761955		134,907		2.51%		24.03%
2009		1.00%		13,278		12.567656		166,873		2.51%		23.78%
2008		0.00%		20,630		10.853308		223,904		0.87%		-30.91%
2008		0.50%		48,249		10.497320		506,485		0.87%		-31.26%
2008		0.80%		13,403		10.289367		137,908		0.87%		-31.46%
2008		1.00%		18,400		10.153007		186,815		0.87%		-31.60%
Appreciation Portfolio - Initial Shares (DCAP)
2012		0.00%		37,329		22.191274		828,378		3.67%		10.43%
2012		0.50%		162,809		20.479145		3,334,189		3.67%		9.88%
2012		0.80%		25,384		19.609067		497,757		3.67%		9.55%
2012		1.00%		32,456		13.066159		424,075		3.67%		9.33%
2011		0.00%		40,442		20.095335		812,696		1.56%		9.01%
2011		0.50%		173,907		18.638060		3,241,289		1.56%		8.47%
2011		0.80%		26,334		17.899937		471,377		1.56%		8.15%
2011		1.00%		80,749		11.951238		965,051		1.56%		7.93%
2010		0.00%		39,151		18.434129		721,715		2.17%		15.32%
2010		0.50%		132,417		17.182815		2,275,297		2.17%		14.74%
2010		0.80%		26,721		16.551777		442,280		2.17%		14.40%
2010		1.00%		65,892		11.073168		729,633		2.17%		14.17%
2009		0.00%		53,869		15.985658		861,131		2.65%		22.56%
2009		0.50%		142,023		14.975150		2,126,816		2.65%		21.95%
2009		0.80%		31,383		14.468488		454,065		2.65%		21.58%
2009		1.00%		67,951		9.698799		659,043		2.65%		21.34%
2008		0.00%		53,547		13.043268		698,428		1.97%		-29.55%
2008		0.50%		129,485		12.279988		1,590,074		1.97%		-29.90%
2008		0.80%		62,193		11.900157		740,106		1.97%		-30.11%
2008		1.00%		84,234		7.993118		673,292		1.97%		-30.25%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
2012		0.00%		705	$	15.029274	$	10,596		0.00%		20.56%
2012		0.50%		24,300		14.319838		347,972		0.00%		19.96%
2012		0.80%		4,702		13.910361		65,407		0.00%		19.60%
2011		0.00%		754		12.465849		9,399		0.40%		-13.85%
2011		0.50%		13,055		11.937082		155,839		0.40%		-14.27%
2011		0.80%		3,371		11.630664		39,207		0.40%		-14.53%
2010		0.00%		166		14.469098		2,402		0.56%		31.15%
2010		0.50%		12,962		13.924754		180,493		0.56%		30.50%
2010		0.80%		3,247		13.608033		44,185		0.56%		30.11%
2009		0.00%		184		11.032594		2,030		2.01%		26.04%
2009		0.50%		6,951		10.670685		74,172		2.01%		25.41%
2009		0.80%		3,260		10.459262		34,097		2.01%		25.03%
2008		0.00%		175		8.753397		1,532		0.93%		-37.59%
2008		0.50%		9,322		8.508710		79,318		0.93%		-37.90%
2008		0.80%		3,511		8.365189		29,370		0.93%		-38.09%
Growth and Income Portfolio - Initial Shares (DGI)
2012		0.00%		12,903		18.719510		241,538		1.43%		18.07%
2012		0.50%		40,511		17.183862		696,135		1.43%		17.48%
2012		0.80%		14,291		16.467463		235,337		1.43%		17.13%
2012		1.00%		7,789		11.048962		86,060		1.43%		16.90%
2011		0.00%		13,600		15.854162		215,617		1.22%		-2.79%
2011		0.50%		45,849		14.626679		670,619		1.22%		-3.28%
2011		0.80%		15,440		14.059096		217,072		1.22%		-3.57%
2011		1.00%		10,648		9.451977		100,645		1.22%		-3.76%
2010		0.00%		22,084		16.309863		360,187		1.21%		18.61%
2010		0.50%		50,734		15.122378		767,219		1.21%		18.02%
2010		0.80%		18,856		14.579135		274,904		1.21%		17.66%
2010		1.00%		11,227		9.821184		110,262		1.21%		17.43%
2009		0.00%		23,756		13.751257		326,675		1.34%		28.79%
2009		0.50%		56,255		12.813906		720,846		1.34%		28.14%
2009		0.80%		20,532		12.390653		254,405		1.34%		27.76%
2009		1.00%		13,887		8.363624		116,146		1.34%		27.50%
2008		0.00%		31,342		10.677601		334,657		0.66%		-40.41%
2008		0.50%		57,462		9.999637		574,599		0.66%		-40.71%
2008		0.80%		28,885		9.698392		280,138		0.66%		-40.89%
2008		1.00%		15,792		6.559473		103,587		0.66%		-41.01%
Capital Appreciation Fund II - Primary Shares (FVCA2P)
2012		0.00%		4,187		15.930913		66,703		0.34%		10.17%
2012		0.50%		4,661		15.179088		70,750		0.34%		9.62%
2012		0.80%		221		14.745134		3,259		0.34%		9.29%
2011		0.50%		4,897		13.846587		67,807		0.65%		-5.76%
2011		0.80%		217		13.491250		2,928		0.65%		-6.05%
2010		0.50%		14,445		14.693647		212,250		0.68%		12.51%
2010		0.80%		204		14.359505		2,929		0.68%		12.17%
2009		0.50%		4,369		13.059781		57,058		1.80%		12.91%
2009		0.80%		1,183		12.801099		15,144		1.80%		12.58%
2008		0.50%		3,309		11.566132		38,272		0.21%		-29.72%
2008		0.80%		627		11.371112		7,130		0.21%		-29.93%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Quality Bond Fund II - Primary Shares (FQB)
2012		0.00%		21,760	$	17.673540	$	384,576		4.06%		9.72%
2012		0.50%		56,912		16.755664		953,598		4.06%		9.17%
2012		0.80%		9,428		16.228008		152,998		4.06%		8.85%
2012		1.00%		36,141		15.885465		574,117		4.06%		8.63%
2011		0.00%		26,489		16.107550		426,673		4.81%		2.27%
2011		0.50%		56,565		15.347745		868,145		4.81%		1.76%
2011		0.80%		11,285		14.909191		168,250		4.81%		1.46%
2011		1.00%		40,098		14.623773		586,384		4.81%		1.26%
2010		0.00%		26,373		15.749680		415,366		5.38%		8.50%
2010		0.50%		63,895		15.081764		963,649		5.38%		7.96%
2010		0.80%		13,761		14.694701		202,214		5.38%		7.64%
2010		1.00%		9,531		14.442169		137,648		5.38%		7.42%
2009		0.00%		29,675		14.515295		430,741		5.89%		20.43%
2009		0.50%		70,869		13.969361		989,995		5.89%		19.83%
2009		0.80%		12,329		13.651720		168,312		5.89%		19.48%
2009		1.00%		37,387		13.443967		502,630		5.89%		19.24%
2008		0.00%		22,443		12.052470		270,494		5.12%		-7.29%
2008		0.50%		40,508		11.657260		472,212		5.12%		-7.75%
2008		0.80%		16,052		11.426394		183,416		5.12%		-8.03%
2008		1.00%		34,491		11.275015		388,887		5.12%		-8.21%
Equity - Income Portfolio - Initial Class (FEIP)
2012		0.00%		136,674		26.854210		3,670,272		3.10%		17.31%
2012		0.50%		348,829		68.220701		23,797,359		3.10%		16.72%
2012		0.80%		143,114		55.150112		7,892,753		3.10%		16.37%
2012		1.00%		251,923		13.888604		3,498,859		3.10%		16.14%
2012		1.30%		120		49.362236		5,923		3.10%		15.79%
2011		0.00%		149,096		22.892147		3,413,128		2.36%		0.97%
2011		0.50%		379,343		58.447557		22,171,672		2.36%		0.47%
2011		0.80%		160,230		47.391689		7,593,570		2.36%		0.17%
2011		1.00%		263,003		11.958724		3,145,180		2.36%		-0.03%
2011		1.30%		1		42.631104		43		2.36%		-0.33%
2010		0.00%		175,971		22.671870		3,989,592		1.81%		15.15%
2010		0.50%		441,234		58.174736		25,668,671		1.81%		14.58%
2010		0.80%		179,902		47.311929		8,511,511		1.81%		14.23%
2010		1.00%		304,964		11.962455		3,648,118		1.81%		14.00%
2010		1.30%		1		42.772276		43		1.81%		13.66%
2009		0.00%		200,574		19.689180		3,949,138		2.24%		30.21%
2009		0.50%		500,783		50.774293		25,426,903		2.24%		29.56%
2009		0.80%		202,135		41.417283		8,371,882		2.24%		29.17%
2009		1.00%		351,952		10.492986		3,693,027		2.24%		28.91%
2009		1.30%		1		37.630730		38		2.24%		28.53%
2008		0.00%		231,255		15.121228		3,496,860		2.40%		-42.65%
2008		0.50%		576,617		39.190034		22,597,640		2.40%		-42.94%
2008		0.80%		240,665		32.063918		7,716,663		2.40%		-43.11%
2008		1.00%		419,968		8.139596		3,418,370		2.40%		-43.23%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
High Income Portfolio - Initial Class (FHIP)
2012		0.00%		79,361	$	22.329447	$	1,772,087		5.44%		14.23%
2012		0.50%		97,105		46.366278		4,502,397		5.44%		13.66%
2012		0.80%		35,866		42.791316		1,534,753		5.44%		13.32%
2012		1.00%		79,435		16.586419		1,317,542		5.44%		13.09%
2012		1.30%		4		42.197632		169		5.44%		12.75%
2011		0.00%		71,464		19.548118		1,396,987		6.27%		4.03%
2011		0.50%		147,031		40.794842		5,998,106		6.27%		3.51%
2011		0.80%		42,868		37.762814		1,618,816		6.27%		3.20%
2011		1.00%		63,903		14.666687		937,245		6.27%		3.00%
2010		0.00%		87,453		18.790698		1,643,303		7.26%		13.82%
2010		0.50%		165,396		39.410184		6,518,287		7.26%		13.26%
2010		0.80%		51,403		36.590379		1,880,855		7.26%		12.92%
2010		1.00%		89,511		14.239694		1,274,609		7.26%		12.69%
2009		0.00%		100,115		16.508703		1,652,769		7.68%		43.96%
2009		0.50%		190,562		34.797509		6,631,083		7.68%		43.24%
2009		0.80%		61,557		32.404743		1,994,739		7.68%		42.81%
2009		1.00%		159,831		12.636025		2,019,629		7.68%		42.53%
2008		0.00%		120,515		11.467804		1,382,042		8.25%		-24.98%
2008		0.50%		231,676		24.293166		5,628,144		8.25%		-25.36%
2008		0.80%		80,105		22.690582		1,817,629		8.25%		-25.58%
2008		1.00%		165,861		8.865726		1,470,478		8.25%		-25.73%
VIP Asset Manager Portfolio - Initial Class (FAMP)
2012		0.00%		26,092		26.438122		689,823		1.49%		12.48%
2012		0.50%		159,628		45.205009		7,215,985		1.49%		11.92%
2012		0.80%		61,726		38.347550		2,367,041		1.49%		11.58%
2012		1.00%		141,671		13.772768		1,951,202		1.49%		11.36%
2012		1.30%		138		39.054823		5,390		1.49%		11.03%
2011		0.00%		28,280		23.504361		664,703		1.89%		-2.56%
2011		0.50%		188,094		40.390644		7,597,238		1.89%		-3.05%
2011		0.80%		68,594		34.366682		2,357,348		1.89%		-3.34%
2011		1.00%		168,991		12.367780		2,090,044		1.89%		-3.53%
2011		1.30%		1		35.176377		35		1.89%		-3.82%
2010		0.00%		33,987		24.122023		819,835		1.69%		14.26%
2010		0.50%		209,604		41.659364		8,731,969		1.69%		13.69%
2010		0.80%		76,588		35.552451		2,722,891		1.69%		13.35%
2010		1.00%		185,080		12.820073		2,372,739		1.69%		13.13%
2010		1.30%		1		36.572093		37		1.69%		12.79%
2009		0.00%		37,939		21.110749		800,921		2.27%		29.11%
2009		0.50%		232,760		36.641407		8,528,654		2.27%		28.47%
2009		0.80%		84,006		31.363945		2,634,760		2.27%		28.08%
2009		1.00%		186,964		11.332339		2,118,739		2.27%		27.83%
2009		1.30%		1		32.425044		32		2.27%		27.45%
2008		0.00%		49,593		16.350697		810,880		2.55%		-28.72%
2008		0.50%		271,683		28.521671		7,748,853		2.55%		-29.07%
2008		0.80%		107,493		24.486999		2,632,181		2.55%		-29.29%
2008		1.00%		212,470		8.865285		1,883,607		2.55%		-29.43%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Contrafund Portfolio - Initial Class (FCP)
2010		0.50%		1	$	37.528108	$	38		0.05%		14.11%
2010		0.80%		473		36.264896		17,153		0.05%		13.78%
2009		0.00%		179,893		29.787895		5,358,634		1.36%		35.71%
2009		0.50%		895,768		32.887636		29,459,692		1.36%		35.03%
2009		0.80%		202,693		31.871810		6,460,193		1.36%		34.63%
2009		1.00%		227,784		12.045454		2,743,762		1.36%		34.36%
2009		1.30%		1		29.643503		30		1.36%		33.96%
2008		0.00%		205,267		21.949689		4,505,547		0.95%		-42.51%
2008		0.50%		1,037,409		24.355264		25,266,370		0.95%		-42.80%
2008		0.80%		283,459		23.673901		6,710,580		0.95%		-42.97%
2008		1.00%		288,102		8.965097		2,582,862		0.95%		-43.09%
2008		1.30%		1		22.129119		22		0.95%		-43.26%
VIP Energy Portfolio - Service Class 2 (FNRS2)
2012		0.00%		13,031		18.272664		238,111		0.72%		4.73%
2012		0.50%		92,636		17.585266		1,629,029		0.72%		4.21%
2012		0.80%		31,070		17.185312		533,948		0.72%		3.90%
2011		0.00%		15,797		17.446617		275,604		0.77%		-5.20%
2011		0.50%		124,550		16.874679		2,101,741		0.77%		-5.67%
2011		0.80%		38,558		16.540551		637,771		0.77%		-5.95%
2010		0.00%		18,742		18.403422		344,917		0.33%		19.16%
2010		0.50%		137,864		17.889194		2,466,276		0.33%		18.56%
2010		0.80%		42,752		17.587581		751,904		0.33%		18.21%
2009		0.00%		23,134		15.444750		357,299		0.24%		47.57%
2009		0.50%		203,763		15.088373		3,074,452		0.24%		46.84%
2009		0.80%		48,768		14.878509		725,595		0.24%		46.40%
2008		0.00%		27,453		10.465765		287,317		0.00%		-54.40%
2008		0.50%		197,262		10.275549		2,026,975		0.00%		-54.63%
2008		0.80%		63,653		10.163079		646,910		0.00%		-54.77%
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
2012		0.00%		3,524		15.052634		53,045		1.48%		11.69%
2012		0.50%		18,952		14.486686		274,552		1.48%		11.13%
2012		0.80%		2,722		14.157347		38,536		1.48%		10.79%
2011		0.00%		4,071		13.477731		54,868		2.34%		-0.28%
2011		0.50%		24,603		13.036152		320,728		2.34%		-0.78%
2011		0.80%		3,979		12.778157		50,844		2.34%		-1.08%
2010		0.00%		4,161		13.516167		56,241		1.90%		12.74%
2010		0.50%		15,610		13.138702		205,095		1.90%		12.17%
2010		0.80%		5,966		12.917291		77,065		1.90%		11.84%
2009		0.00%		1,759		11.989176		21,089		2.95%		24.15%
2009		0.50%		25,742		11.712729		301,509		2.95%		23.53%
2009		0.80%		3,521		11.549915		40,667		2.95%		23.16%
2008		0.00%		8,703		9.656832		84,043		2.31%		-25.08%
2008		0.50%		52,567		9.481428		498,410		2.31%		-25.45%
2008		0.80%		1,764		9.377717		16,542		2.31%		-25.67%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
2012		0.00%		3,913	$	15.209948	$	59,517		2.11%		13.19%
2012		0.50%		58,464		14.638015		855,797		2.11%		12.62%
2012		0.80%		15,219		14.305244		217,712		2.11%		12.28%
2011		0.00%		1,647		13.437783		22,132		2.04%		-1.12%
2011		0.50%		48,519		12.997459		630,624		2.04%		-1.62%
2011		0.80%		18,156		12.740229		231,312		2.04%		-1.91%
2010		0.00%		1,747		13.590648		23,743		2.21%		14.52%
2010		0.50%		56,685		13.211069		748,869		2.21%		13.95%
2010		0.80%		16,901		12.988424		219,517		2.21%		13.61%
2009		0.00%		469		11.867504		5,566		3.20%		28.78%
2009		0.50%		48,825		11.593819		566,068		3.20%		28.13%
2009		0.80%		15,952		11.432637		182,373		3.20%		27.75%
2008		0.00%		13,010		9.215628		119,895		2.88%		-32.71%
2008		0.50%		54,125		9.048213		489,735		2.88%		-33.05%
2008		0.80%		11,923		8.949218		106,702		2.88%		-33.25%
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
2012		0.00%		430		15.121452		6,502		2.04%		15.48%
2012		0.50%		58,115		14.552777		845,735		2.04%		14.90%
2012		0.80%		17,634		14.221942		250,790		2.04%		14.56%
2011		0.50%		54,142		12.665066		685,712		2.06%		-3.18%
2011		0.80%		17,536		12.414407		217,699		2.06%		-3.47%
2010		0.50%		48,330		13.081107		632,210		1.95%		15.42%
2010		0.80%		19,133		12.860663		246,063		1.95%		15.08%
2009		0.50%		28,422		11.333383		322,117		2.30%		30.75%
2009		0.80%		24,962		11.175826		278,971		2.30%		30.36%
2008		0.50%		25,922		8.668038		224,693		2.06%		-38.39%
2008		0.80%		24,051		8.573208		206,194		2.06%		-38.57%
VIP Growth Opportunities Portfolio - Initial Class (FGOP)
2010		0.50%		1		11.641245		12		0.00%		21.34%
2010		0.80%		11		11.215020		123		0.00%		20.99%
2009		0.00%		35,449		10.241993		363,068		0.47%		45.85%
2009		0.50%		176,900		9.594280		1,697,228		0.47%		45.12%
2009		0.80%		29,637		9.269518		274,721		0.47%		44.69%
2009		1.00%		3,666		7.004350		25,678		0.47%		44.40%
2008		0.00%		43,142		7.022261		302,954		0.42%		-55.02%
2008		0.50%		133,046		6.611121		879,583		0.42%		-55.24%
2008		0.80%		101,332		6.406522		649,186		0.42%		-55.38%
2008		1.00%		20,056		4.850665		97,285		0.42%		-55.47%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Growth Portfolio - Initial Class (FGP)
2012		0.00%		161,289	$	24.156554	$	3,896,186		0.59%		14.69%
2012		0.50%		394,207		72.994214		28,774,830		0.59%		14.12%
2012		0.80%		266,541		49.210357		13,116,578		0.59%		13.77%
2012		1.00%		385,900		8.512216		3,284,864		0.59%		13.55%
2012		1.30%		137		44.653281		6,117		0.59%		13.20%
2011		0.00%		170,592		21.062729		3,593,133		0.35%		0.20%
2011		0.50%		430,909		63.965181		27,563,172		0.35%		-0.30%
2011		0.80%		300,253		43.253084		12,986,868		0.35%		-0.59%
2011		1.00%		455,202		7.496758		3,412,539		0.35%		-0.79%
2011		1.30%		19		39.444794		749		0.35%		-1.09%
2010		0.00%		196,217		21.020180		4,124,517		0.28%		24.17%
2010		0.50%		499,742		64.155259		32,061,077		0.28%		23.55%
2010		0.80%		333,533		43.511676		14,512,580		0.28%		23.18%
2010		1.00%		534,712		7.556643		4,040,628		0.28%		22.94%
2010		1.30%		17		39.879099		678		0.28%		22.57%
2009		0.00%		206,766		16.928202		3,500,177		0.44%		28.29%
2009		0.50%		557,057		51.924855		28,925,104		0.44%		27.65%
2009		0.80%		370,706		35.322377		13,094,217		0.44%		27.26%
2009		1.00%		585,826		6.146674		3,600,881		0.44%		27.01%
2009		1.30%		17		32.535551		553		0.44%		26.63%
2008		0.00%		243,890		13.195602		3,218,275		0.79%		-47.17%
2008		0.50%		596,470		40.678515		24,263,514		0.79%		-47.43%
2008		0.80%		450,264		27.755083		12,497,115		0.79%		-47.59%
2008		1.00%		692,175		4.839505		3,349,784		0.79%		-47.69%
2008		1.30%		16		25.693435		411		0.79%		-47.85%
VIP High Income Portfolio - Initial Class R (FHIPR)
2012		0.00%		16,543		14.470056		239,378		5.71%		14.30%
2012		0.50%		165,561		14.065803		2,328,748		5.71%		13.73%
2012		0.80%		79,055		13.828722		1,093,230		5.71%		13.39%
2011		0.00%		17,595		12.659718		222,748		6.99%		4.05%
2011		0.50%		197,547		12.367874		2,443,236		6.99%		3.53%
2011		0.80%		79,720		12.196027		972,267		6.99%		3.22%
2010		0.00%		16,672		12.167463		202,856		8.05%		13.88%
2010		0.50%		202,755		11.946381		2,422,188		8.05%		13.31%
2010		0.80%		78,191		11.815681		923,880		8.05%		12.97%
2009		0.00%		13,217		10.684849		141,222		9.14%		43.81%
2009		0.50%		224,364		10.543267		2,365,530		9.14%		43.10%
2009		0.80%		69,946		10.459227		731,581		9.14%		42.67%
2008		0.00%		18,296		7.429579		135,932		10.31%		-24.88%
2008		0.50%		168,238		7.367822		1,239,548		10.31%		-25.26%
2008		0.80%		53,080		7.331018		389,130		10.31%		-25.48%
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
2012		0.00%		28,073		16.144635		453,228		2.07%		5.77%
2012		0.50%		224,012		15.382891		3,445,952		2.07%		5.24%
2012		0.80%		21,300		14.943212		318,290		2.07%		4.92%
2011		0.00%		34,735		15.264055		530,197		3.22%		7.21%
2011		0.50%		264,186		14.616946		3,861,592		3.22%		6.67%
2011		0.80%		23,285		14.241922		331,623		3.22%		6.36%
2010		0.00%		33,476		14.237787		476,624		3.56%		7.68%
2010		0.50%		283,862		13.702324		3,889,569		3.56%		7.14%
2010		0.80%		25,942		13.390753		347,383		3.56%		6.82%
2009		0.00%		27,224		13.222437		359,968		8.76%		15.67%
2009		0.50%		290,648		12.788918		3,717,073		8.76%		15.10%
2009		0.80%		22,454		12.535648		281,475		8.76%		14.75%
2008		0.00%		35,155		11.430864		401,852		4.47%		-3.35%
2008		0.50%		220,280		11.111478		2,447,636		4.47%		-3.83%
2008		0.80%		24,200		10.924128		264,364		4.47%		-4.12%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Mid Cap Portfolio - Service Class (FMCS)
2012		0.00%		16,990	$	30.166927	$	512,536		0.49%		14.75%
2012		0.50%		189,756		28.743525		5,454,256		0.49%		14.18%
2012		0.80%		32,699		27.921947		913,020		0.49%		13.83%
2011		0.00%		21,838		26.289170		574,103		0.14%		-10.72%
2011		0.50%		229,983		25.174584		5,789,726		0.14%		-11.16%
2011		0.80%		39,066		24.528651		958,236		0.14%		-11.43%
2010		0.00%		22,098		29.444519		650,665		0.28%		28.70%
2010		0.50%		264,279		28.337312		7,488,956		0.28%		28.06%
2010		0.80%		43,070		27.693084		1,192,741		0.28%		27.68%
2009		0.00%		23,116		22.878053		528,849		0.60%		40.01%
2009		0.50%		277,478		22.127965		6,140,023		0.60%		39.32%
2009		0.80%		46,369		21.689786		1,005,734		0.60%		38.90%
2008		0.00%		26,488		16.339788		432,808		0.35%		-39.51%
2008		0.50%		283,059		15.883241		4,495,894		0.35%		-39.81%
2008		0.80%		65,092		15.615472		1,016,442		0.35%		-39.99%
VIP Overseas Portfolio - Initial Class (FOP)
2012		0.00%		30,798		21.026341		647,569		1.93%		20.74%
2012		0.50%		104,930		35.566403		3,731,983		1.93%		20.14%
2012		0.80%		26,621		26.574860		707,449		1.93%		19.78%
2012		1.00%		83,926		11.037832		926,361		1.93%		19.54%
2012		1.30%		328		22.659824		7,432		1.93%		19.18%
2011		0.00%		33,271		17.414491		579,398		1.29%		-17.16%
2011		0.50%		118,017		29.604824		3,493,873		1.29%		-17.58%
2011		0.80%		30,982		22.187015		687,398		1.29%		-17.82%
2011		1.00%		94,368		9.233835		871,379		1.29%		-17.99%
2011		1.30%		5		19.013413		95		1.29%		-18.23%
2010		0.00%		47,968		21.022695		1,008,417		1.40%		13.11%
2010		0.50%		136,651		35.917877		4,908,214		1.40%		12.55%
2010		0.80%		37,140		26.999105		1,002,747		1.40%		12.21%
2010		1.00%		117,567		11.259025		1,323,690		1.40%		11.99%
2009		0.00%		52,438		18.585431		974,583		2.07%		26.53%
2009		0.50%		158,444		31.912691		5,056,374		2.07%		25.90%
2009		0.80%		44,371		24.060407		1,067,584		2.07%		25.52%
2009		1.00%		120,336		10.053608		1,209,811		2.07%		25.27%
2008		0.00%		56,196		14.688536		825,437		2.41%		-43.80%
2008		0.50%		188,778		25.347887		4,785,123		2.41%		-44.09%
2008		0.80%		57,353		19.168350		1,099,362		2.41%		-44.25%
2008		1.00%		154,625		8.025502		1,240,943		2.41%		-44.37%
VIP Overseas Portfolio - Service Class R (FOSR)
2012		0.00%		35,975		13.836689		497,775		1.91%		20.67%
2012		0.50%		216,949		13.316294		2,888,957		1.91%		20.07%
2012		0.80%		54,239		13.013481		705,838		1.91%		19.71%
2011		0.00%		24,016		11.466618		275,382		1.12%		-17.30%
2011		0.50%		207,184		11.090775		2,297,831		1.12%		-17.71%
2011		0.80%		53,755		10.871192		584,381		1.12%		-17.96%
2010		0.00%		33,994		13.865532		471,345		1.32%		13.01%
2010		0.50%		257,797		13.478254		3,474,653		1.32%		12.45%
2010		0.80%		57,338		13.251079		759,790		1.32%		12.11%
2009		0.00%		37,807		12.269434		463,870		2.17%		26.49%
2009		0.50%		307,164		11.986428		3,681,799		2.17%		25.86%
2009		0.80%		56,862		11.819747		672,094		2.17%		25.48%
2008		0.00%		43,474		9.699843		421,691		2.68%		-43.88%
2008		0.50%		292,626		9.523623		2,786,860		2.68%		-44.16%
2008		0.80%		68,191		9.419422		642,320		2.68%		-44.33%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Value Strategies Portfolio - Service Class (FVSS)
2012		0.00%		9,336	$	19.135795	$	178,652		0.58%		27.10%
2012		0.50%		46,104		18.141557		836,398		0.58%		26.47%
2012		0.80%		6,450		17.570001		113,327		0.58%		26.09%
2012		1.00%		9,572		17.199023		164,629		0.58%		25.83%
2011		0.00%		19,441		15.055580		292,696		0.80%		-8.85%
2011		0.50%		36,543		14.345026		524,210		0.80%		-9.30%
2011		0.80%		5,608		13.934920		78,147		0.80%		-9.57%
2011		1.00%		6,604		13.668049		90,264		0.80%		-9.75%
2010		0.00%		25,254		16.516915		417,118		0.41%		26.45%
2010		0.50%		41,802		15.816183		661,148		0.41%		25.82%
2010		0.80%		6,185		15.410121		95,312		0.41%		25.45%
2010		1.00%		11,335		15.145229		171,671		0.41%		25.20%
2009		0.00%		21,462		13.061648		280,329		0.57%		57.40%
2009		0.50%		63,858		12.570115		802,702		0.57%		56.61%
2009		0.80%		6,437		12.284130		79,073		0.57%		56.14%
2009		1.00%		9,300		12.097114		112,503		0.57%		55.83%
2008		0.00%		20,161		8.298533		167,307		0.65%		-51.17%
2008		0.50%		42,082		8.026295		337,763		0.65%		-51.42%
2008		0.80%		6,539		7.867248		51,444		0.65%		-51.57%
2008		1.00%		10,445		7.762982		81,084		0.65%		-51.66%
Franklin Income Securities Fund - Class 2 (FTVIS2)
2012		0.00%		12,161		14.425332		175,426		6.60%		12.65%
2012		0.50%		68,091		13.952339		950,029		6.60%		12.09%
2012		0.80%		12,946		13.676069		177,050		6.60%		11.75%
2011		0.00%		11,961		12.805162		153,163		6.21%		2.38%
2011		0.50%		70,842		12.447515		881,807		6.21%		1.87%
2011		0.80%		13,328		12.237789		163,105		6.21%		1.57%
2010		0.00%		9,146		12.507001		114,389		7.07%		12.67%
2010		0.50%		63,635		12.218491		777,524		7.07%		12.11%
2010		0.80%		12,959		12.048616		156,138		7.07%		11.78%
2009		0.00%		9,101		11.100337		101,024		8.10%		35.59%
2009		0.50%		74,134		10.898585		807,956		8.10%		34.92%
2009		0.80%		12,802		10.779315		137,997		8.10%		34.52%
2008		0.00%		5,556		8.186428		45,484		5.40%		-29.66%
2008		0.50%		70,902		8.077889		572,738		5.40%		-30.01%
2008		0.80%		14,877		8.013465		119,216		5.40%		-30.22%
Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)
2012		0.00%		14,390		20.165763		290,185		1.95%		12.18%
2012		0.50%		171,328		19.214168		3,291,925		1.95%		11.61%
2012		0.80%		15,177		18.664910		283,277		1.95%		11.28%
2011		0.00%		27,085		17.976970		486,906		1.64%		6.29%
2011		0.50%		171,680		17.214712		2,955,422		1.64%		5.76%
2011		0.80%		17,101		16.772979		286,835		1.64%		5.45%
2010		0.00%		15,172		16.912694		256,599		1.78%		20.94%
2010		0.50%		139,647		16.276552		2,272,972		1.78%		20.34%
2010		0.80%		20,329		15.906413		323,361		1.78%		19.98%
2009		0.00%		13,906		13.984451		194,468		1.83%		17.67%
2009		0.50%		144,617		13.525832		1,956,065		1.83%		17.09%
2009		0.80%		20,222		13.257914		268,102		1.83%		16.74%
2008		0.00%		20,335		11.884088		241,663		2.04%		-26.94%
2008		0.50%		189,411		11.551986		2,188,073		2.04%		-27.31%
2008		0.80%		40,517		11.357193		460,159		2.04%		-27.53%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)
2012		0.00%		6,825	$	26.547381	$	181,186		1.03%		18.75%
2012		0.50%		111,680		25.294569		2,824,897		1.03%		18.16%
2012		0.80%		12,551		24.571434		308,396		1.03%		17.80%
2011		0.00%		9,471		22.355324		211,727		0.95%		-3.53%
2011		0.50%		124,783		21.407336		2,671,272		0.95%		-4.01%
2011		0.80%		14,035		20.857943		292,741		0.95%		-4.29%
2010		0.00%		8,414		23.172621		194,974		0.88%		28.49%
2010		0.50%		144,260		22.301004		3,217,143		0.88%		27.85%
2010		0.80%		16,135		21.793848		351,644		0.88%		27.47%
2009		0.00%		6,834		18.034685		123,249		1.94%		29.54%
2009		0.50%		131,099		17.443192		2,286,785		1.94%		28.90%
2009		0.80%		15,469		17.097660		264,484		1.94%		28.51%
2008		0.00%		6,079		13.921598		84,629		1.44%		-32.87%
2008		0.50%		125,323		13.532546		1,695,939		1.44%		-33.21%
2008		0.80%		28,885		13.304370		384,297		1.44%		-33.41%
Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)
2012		0.00%		6,582		19.307248		127,080		1.46%		13.16%
2012		0.50%		50,583		18.581214		939,894		1.46%		12.59%
2012		0.80%		9,824		18.158794		178,392		1.46%		12.25%
2011		0.00%		10,223		17.062376		174,429		0.99%		-15.86%
2011		0.50%		63,119		16.503252		1,041,669		0.99%		-16.28%
2011		0.80%		11,210		16.176657		181,340		0.99%		-16.53%
2010		0.00%		9,970		20.278309		202,175		1.69%		17.51%
2010		0.50%		70,122		19.711997		1,382,245		1.69%		16.93%
2010		0.80%		13,337		19.379887		258,470		1.69%		16.58%
2009		0.00%		7,269		17.256364		125,437		3.67%		72.63%
2009		0.50%		81,267		16.858387		1,370,031		3.67%		71.77%
2009		0.80%		15,116		16.624073		251,289		3.67%		71.26%
2008		0.00%		4,930		9.996007		49,280		2.79%		-52.67%
2008		0.50%		63,172		9.814382		619,994		2.79%		-52.91%
2008		0.80%		15,652		9.707016		151,934		2.79%		-53.05%
Templeton Foreign Securities Fund - Class 1 (TIF)
2012		0.00%		166		23.263845		3,862		3.71%		18.60%
2012		0.50%		7,020		22.166042		155,606		3.71%		18.00%
2012		0.80%		621		21.532384		13,372		3.71%		17.65%
2011		0.00%		169		19.616024		3,315		1.90%		-10.44%
2011		0.50%		12,325		18.784240		231,516		1.90%		-10.89%
2011		0.80%		683		18.302200		12,500		1.90%		-11.16%
2010		0.00%		172		21.903633		3,767		2.09%		8.67%
2010		0.50%		13,857		21.079885		292,104		2.09%		8.13%
2010		0.80%		1,192		20.600592		24,556		2.09%		7.81%
2009		0.00%		176		20.155256		3,547		4.14%		37.34%
2009		0.50%		14,701		19.494379		286,587		4.14%		36.66%
2009		0.80%		1,483		19.108316		28,338		4.14%		36.25%
2008		0.00%		1,659		14.675305		24,346		2.70%		-40.23%
2008		0.50%		22,899		14.265245		326,660		2.70%		-40.53%
2008		0.80%		1,945		14.024745		27,278		2.70%		-40.71%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Templeton Foreign Securities Fund - Class 3 (TIF3)
2012		0.00%		5,081	$	14.829007	$	75,346		2.99%		18.30%
2012		0.50%		56,458		14.271362		805,733		2.99%		17.71%
2012		0.80%		9,020		13.946827		125,800		2.99%		17.36%
2011		0.00%		6,118		12.534749		76,688		1.73%		-10.68%
2011		0.50%		73,808		12.123973		894,846		1.73%		-11.12%
2011		0.80%		9,570		11.883946		113,729		1.73%		-11.39%
2010		0.00%		5,607		14.033220		78,684		1.74%		8.41%
2010		0.50%		75,119		13.641305		1,024,721		1.74%		7.87%
2010		0.80%		9,620		13.411382		129,017		1.74%		7.54%
2009		0.00%		12,029		12.945045		155,716		3.88%		37.20%
2009		0.50%		75,293		12.646528		952,195		3.88%		36.51%
2009		0.80%		10,766		12.470682		134,259		3.88%		36.10%
2008		0.00%		25,525		9.435374		240,838		2.47%		-40.39%
2008		0.50%		112,327		9.263979		1,040,595		2.47%		-40.69%
2008		0.80%		16,543		9.162606		151,577		2.47%		-40.87%
Templeton Global Bond Securities Fund - Class 3 (FTVGI3)
2012		0.00%		14,188		20.367363		288,972		6.12%		15.06%
2012		0.50%		135,920		19.601667		2,664,259		6.12%		14.49%
2012		0.80%		15,489		19.156120		296,709		6.12%		14.14%
2011		0.00%		20,700		17.701343		366,418		5.58%		-0.83%
2011		0.50%		161,058		17.121471		2,757,550		5.58%		-1.32%
2011		0.80%		15,838		16.782688		265,804		5.58%		-1.62%
2010		0.00%		15,914		17.849519		284,057		1.58%		14.38%
2010		0.50%		151,403		17.351122		2,627,012		1.58%		13.81%
2010		0.80%		14,717		17.058765		251,054		1.58%		13.47%
2009		0.00%		16,059		15.605635		250,611		14.02%		18.69%
2009		0.50%		131,249		15.245867		2,001,005		14.02%		18.09%
2009		0.80%		15,279		15.033976		229,704		14.02%		17.74%
2008		0.00%		19,081		13.148675		250,890		4.26%		6.21%
2008		0.50%		169,130		12.909918		2,183,454		4.26%		5.68%
2008		0.80%		19,316		12.768726		246,641		4.26%		5.36%
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
2012		0.00%		959		10.854248		10,409		3.11%		15.33%
2012		0.50%		4,840		10.603889		51,323		3.11%		14.76%
2012		0.80%		1,840		10.456468		19,240		3.11%		14.41%
2011		0.00%		977		9.411247		9,195		0.01%		-1.54%
2011		0.50%		9,398		9.240357		86,841		0.01%		-2.03%
2011		0.80%		1,897		9.139329		17,337		0.01%		-2.32%
2010		0.00%		995		9.558606		9,511		3.02%		10.25%
2010		0.50%		4,234		9.431991		39,935		3.02%		9.70%
2010		0.80%		1,377		9.356850		12,884		3.02%		9.38%
2009		0.00%		1,014		8.669683		8,791		4.16%		30.25%
2009		0.50%		1,011		8.597673		8,692		4.16%		29.60%
2009		0.80%		1,461		8.554781		12,499		4.16%		29.21%
2008		0.50%		1,402		6.633927		9,301		7.17%		-33.66%		5/1/2008
2008		0.80%		149		6.620645		986		7.17%		-33.79%		5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Advisers Management Trust - Short Duration Bond Portfolio - I Class Shares (AMTB)
2012		0.00%		39,865	$	17.957800	$	715,888		3.05%		4.61%
2012		0.50%		46,960		25.862355		1,214,496		3.05%		4.08%
2012		0.80%		12,214		20.436462		249,611		3.05%		3.77%
2012		1.00%		69,717		12.860239		896,577		3.05%		3.56%
2012		1.30%		97		19.613461		1,903		3.05%		3.25%
2011		0.00%		40,577		17.167186		696,593		3.92%		0.29%
2011		0.50%		44,848		24.847995		1,114,383		3.92%		-0.21%
2011		0.80%		14,684		19.694057		289,188		3.92%		-0.51%
2011		1.00%		51,341		12.417925		637,549		3.92%		-0.71%
2011		1.30%		17		18.995943		323		3.92%		-1.00%
2010		0.00%		41,547		17.117742		711,191		5.13%		5.28%
2010		0.50%		45,156		24.900288		1,124,397		5.13%		4.76%
2010		0.80%		17,506		19.794631		346,525		5.13%		4.45%
2010		1.00%		35,502		12.506266		443,997		5.13%		4.24%
2009		0.00%		44,762		16.258487		727,762		7.24%		13.33%
2009		0.50%		48,176		23.768919		1,145,091		7.24%		12.76%
2009		0.80%		16,879		18.952010		319,891		7.24%		12.42%
2009		1.00%		45,151		11.997871		541,716		7.24%		12.20%
2008		0.00%		42,417		14.346598		608,540		4.47%		-13.43%
2008		0.50%		68,340		21.078952		1,440,536		4.47%		-13.86%
2008		0.80%		18,838		16.857653		317,564		4.47%		-14.12%
2008		1.00%		37,893		10.693363		405,204		4.47%		-14.29%
Balanced Portfolio - I Class Shares (AMBP)
2012		0.50%		903		13.662782		12,337		0.00%		8.80%
2012		0.80%		698		29.074823		20,294		0.00%		8.47%
2011		0.50%		899		12.558209		11,290		0.31%		-1.13%
2011		0.80%		744		26.804764		19,943		0.31%		-1.42%
2010		0.50%		991		12.701252		12,587		0.90%		18.24%
2010		0.80%		712		27.191348		19,360		0.90%		17.88%
2009		0.50%		2,307		10.742321		24,783		1.16%		21.86%
2009		0.80%		1,017		23.066620		23,459		1.16%		21.49%
2008		0.50%		17,915		8.815611		157,932		3.77%		-39.45%
2008		0.80%		1,334		18.986328		25,328		3.77%		-39.63%
Growth Portfolio - I Class Shares (AMTG)
2012		0.00%		30,131		24.704444		744,370		0.00%		12.60%
2012		0.50%		1,416		57.081042		80,827		0.00%		12.04%
2012		0.80%		492		38.058319		18,725		0.00%		11.70%
2012		1.00%		102,324		8.000039		818,596		0.00%		11.48%
2012		1.30%		119		35.617069		4,238		0.00%		11.14%
2011		0.00%		32,280		21.939823		708,217		0.00%		-0.21%
2011		0.50%		1,676		50.947928		85,389		0.00%		-0.71%
2011		0.80%		506		34.071422		17,240		0.00%		-1.01%
2011		1.00%		110,903		7.176346		795,878		0.00%		-1.21%
2010		0.00%		37,800		21.987079		831,112		0.00%		31.33%
2010		0.50%		1,798		51.313097		92,261		0.00%		30.68%
2010		0.80%		524		34.418528		18,035		0.00%		30.29%
2010		1.00%		122,216		7.263944		887,770		0.00%		30.03%
2009		0.00%		49,082		16.741370		821,700		0.00%		30.36%
2009		0.50%		1,850		39.266295		72,643		0.00%		29.71%
2009		0.80%		542		26.417094		14,318		0.00%		29.32%
2009		1.00%		151,381		5.586407		845,676		0.00%		29.06%
2008		0.00%		63,596		12.842535		816,734		0.00%		-43.68%
2008		0.50%		175,438		30.272680		5,310,978		0.00%		-43.96%
2008		0.80%		144,350		20.427668		2,948,734		0.00%		-44.13%
2008		1.00%		159,176		4.328471		688,989		0.00%		-44.24%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Guardian Portfolio - I Class Shares (AMGP)
2012		0.00%		6,748	$	16.827470	$	113,552		0.27%		12.73%
2012		0.80%		2		14.963947		30		0.27%		11.83%
2012		1.00%		3,505		13.062262		45,783		0.27%		11.60%
2011		0.00%		7,106		14.927741		106,077		0.45%		-2.94%
2011		0.80%		2		13.381489		27		0.45%		-3.71%
2011		1.00%		5,218		11.704343		61,073		0.45%		-3.90%
2010		0.00%		4,641		15.379896		71,378		0.40%		19.01%
2010		0.80%		2		13.897336		28		0.40%		18.07%
2010		1.00%		11,741		12.179833		143,003		0.40%		17.83%
2009		0.00%		4,964		12.922921		64,149		0.18%		29.69%
2009		0.80%		2		11.770887		24		0.18%		28.65%
2009		1.00%		4,336		10.336808		44,820		0.18%		28.40%
2008		0.00%		10,705		9.964594		106,671		0.55%		-37.24%
2008		0.50%		58,317		9.446847		550,912		0.55%		-37.56%
2008		0.80%		38,898		9.149198		355,886		0.55%		-37.75%
2008		1.00%		4,064		8.050613		32,718		0.55%		-37.87%
International Portfolio - S Class Shares (AMINS)
2012		0.00%		1,723		13.671294		23,556		0.82%		18.48%
2011		0.00%		1,202		11.539024		13,870		12.26%		-12.33%
2010		0.00%		172		13.162077		2,264		13.14%		22.01%
2009		0.00%		1,548		10.787351		16,699		0.42%		34.51%
2008		0.00%		3,270		8.019658		26,224		0.00%		-46.44%
2008		0.50%		15,954		7.873922		125,621		0.00%		-46.70%
2008		0.80%		5,065		7.787751		39,445		0.00%		-46.86%
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
2012		0.00%		68		24.354864		1,656		0.00%		12.10%
2011		0.00%		63		21.725830		1,369		0.00%		0.26%
2009		0.00%		558		16.830660		9,392		0.00%		31.34%
2008		0.00%		976		12.814531		12,507		0.00%		-43.51%
2008		0.50%		22,678		12.456353		282,485		0.00%		-43.79%
2008		0.80%		2,547		12.246316		31,191		0.00%		-43.96%
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
2012		0.00%		84,168		25.873568		2,177,726		0.42%		16.60%
2012		0.80%		56		34.652161		1,941		0.42%		15.67%
2012		1.00%		30,453		13.561747		412,996		0.42%		15.44%
2011		0.00%		86,633		22.190216		1,922,405		0.00%		-11.36%
2011		0.80%		56		29.958324		1,678		0.00%		-12.06%
2011		1.00%		35,996		11.748254		422,890		0.00%		-12.24%
2010		0.00%		94,089		25.033405		2,355,368		0.62%		15.67%
2010		0.80%		56		34.067932		1,908		0.62%		14.74%
2010		1.00%		40,119		13.386569		537,056		0.62%		14.52%
2009		0.00%		105,319		21.642878		2,279,406		0.78%		56.07%
2009		0.80%		56		29.690132		1,663		0.78%		54.83%
2009		1.00%		76,445		11.689700		893,619		0.78%		54.52%
2008		0.00%		180,300		13.867013		2,500,222		0.51%		-52.39%
2008		0.50%		356,536		19.700792		7,024,042		0.51%		-52.63%
2008		0.80%		109,268		19.175837		2,095,305		0.51%		-52.77%
2008		1.00%		65,586		7.565098		496,165		0.51%		-52.87%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
2012		0.00%		1,543		14.284382		22,041		0.30%		15.37%
2011		0.00%		2,941		12.380922		36,412		0.40%		-6.70%
2010		0.00%		1,294		13.270255		17,172		0.25%		25.99%
2009		0.00%		2,195		10.532952		23,120		0.22%		46.16%
2008		0.00%		6,436		7.206627		46,382		0.97%		-45.95%
2008		0.50%		10,755		7.075613		76,098		0.97%		-46.22%
2008		0.80%		2,044		6.998160		14,304		0.97%		-46.38%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
2012		0.00%		856	$	14.692238	$	12,577		0.00%		8.82%
2012		0.50%		5,453		13.998892		76,336		0.00%		8.28%
2012		0.80%		689		13.598663		9,369		0.00%		7.95%
2011		0.00%		1,577		13.501272		21,292		0.00%		-1.06%
2011		0.50%		26,395		12.928758		341,255		0.00%		-1.55%
2011		0.80%		3,105		12.596940		39,113		0.00%		-1.85%
2010		0.00%		968		13.645975		13,209		0.00%		19.61%
2010		0.50%		3,748		13.132690		49,221		0.00%		19.01%
2010		0.80%		712		12.834011		9,138		0.00%		18.66%
2009		0.00%		646		11.408745		7,370		0.00%		22.75%
2009		0.50%		6,371		11.034565		70,301		0.00%		22.14%
2009		0.80%		384		10.815956		4,153		0.00%		21.78%
2008		0.00%		605		9.293948		5,623		0.00%		-39.47%
2008		0.50%		7,742		9.034200		69,943		0.00%		-39.78%
2008		0.80%		554		8.881843		4,921		0.00%		-39.96%
Socially Responsive Portfolio - I Class Shares (AMSRS)
2012		0.00%		898		19.276454		17,310		0.21%		10.98%
2012		0.50%		20,471		18.366751		375,986		0.21%		10.42%
2012		0.80%		3,063		17.841641		54,649		0.21%		10.09%
2011		0.00%		902		17.369356		15,667		0.36%		-3.08%
2011		0.50%		26,477		16.632806		440,387		0.36%		-3.56%
2011		0.80%		4,463		16.205928		72,327		0.36%		-3.85%
2010		0.00%		938		17.921368		16,810		0.04%		22.85%
2010		0.50%		21,590		17.247280		372,369		0.04%		22.24%
2010		0.80%		3,569		16.855027		60,156		0.04%		21.88%
2009		0.00%		984		14.587514		14,354		2.20%		31.43%
2009		0.50%		17,264		14.109102		243,580		2.20%		30.77%
2009		0.80%		3,343		13.829593		46,232		2.20%		30.38%
2008		0.00%		1,900		11.099348		21,089		1.91%		-39.44%
2008		0.50%		17,024		10.789157		183,675		1.91%		-39.74%
2008		0.80%		4,401		10.607196		46,682		1.91%		-39.93%
Balanced Fund/VA - Non-Service Shares (OVMS)
2012		0.00%		25,505		21.630621		551,689		1.33%		12.34%
2012		0.50%		96,541		34.614598		3,341,728		1.33%		11.78%
2012		0.80%		40,574		32.097298		1,302,316		1.33%		11.44%
2012		1.00%		63,128		11.696460		738,374		1.33%		11.22%
2012		1.30%		4		30.038576		120		1.33%		10.89%
2011		0.00%		28,648		19.254563		551,605		2.29%		0.72%
2011		0.50%		109,322		30.967082		3,385,383		2.29%		0.22%
2011		0.80%		44,239		28.801503		1,274,150		2.29%		-0.08%
2011		1.00%		68,952		10.516516		725,135		2.29%		-0.28%
2010		0.00%		35,250		19.116988		673,874		1.39%		12.91%
2010		0.50%		118,952		30.899562		3,675,565		1.39%		12.35%
2010		0.80%		48,388		28.824840		1,394,776		1.39%		12.02%
2010		1.00%		70,620		10.546061		744,763		1.39%		11.79%
2009		0.00%		39,179		16.930557		663,322		0.00%		21.89%
2009		0.50%		128,001		27.502607		3,520,361		0.00%		21.29%
2009		0.80%		51,885		25.732996		1,335,156		0.00%		20.92%
2009		1.00%		101,706		9.433696		959,463		0.00%		20.68%
2008		0.00%		45,187		13.889629		627,631		2.88%		-43.47%
2008		0.50%		155,033		22.675909		3,515,514		2.88%		-43.75%
2008		0.80%		60,265		21.280608		1,282,476		2.88%		-43.92%
2008		1.00%		114,661		7.817080		896,314		2.88%		-44.04%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
2010		0.80%		5	$	16.349692	$	82		0.20%		7.61%
2009		0.00%		47,969		16.786468		805,230		0.33%		44.52%
2009		0.50%		249,796		15.724961		3,928,032		0.33%		43.80%
2009		0.80%		87,828		15.192792		1,334,353		0.33%		43.37%
2009		1.00%		60,996		7.628780		465,325		0.33%		43.08%
2008		0.00%		52,077		11.615515		604,901		0.15%		-45.52%
2008		0.50%		253,957		10.935515		2,777,151		0.15%		-45.79%
2008		0.80%		132,297		10.597162		1,401,973		0.15%		-45.95%
2008		1.00%		65,793		5.331812		350,796		0.15%		-46.06%
Core Bond Fund/VA - Non-Service Shares (OVB)
2012		0.00%		41,017		17.224007		706,477		4.88%		10.29%
2012		0.50%		128,505		25.264893		3,246,665		4.88%		9.74%
2012		0.80%		34,873		22.444505		782,707		4.88%		9.41%
2012		1.00%		50,794		11.997337		609,393		4.88%		9.19%
2012		1.30%		76		21.827521		1,659		4.88%		8.86%
2011		0.00%		45,210		15.616793		706,035		5.94%		8.27%
2011		0.50%		129,643		23.022454		2,984,700		5.94%		7.73%
2011		0.80%		38,953		20.513983		799,081		5.94%		7.41%
2011		1.00%		54,684		10.987424		600,836		5.94%		7.19%
2010		0.00%		76,047		14.424409		1,096,933		1.78%		11.41%
2010		0.50%		140,529		21.370887		3,003,229		1.78%		10.86%
2010		0.80%		42,335		19.099412		808,574		1.78%		10.53%
2010		1.00%		47,864		10.250177		490,614		1.78%		10.31%
2009		0.00%		77,718		12.946581		1,006,182		0.00%		9.61%
2009		0.50%		149,430		19.277481		2,880,634		0.00%		9.07%
2009		0.80%		46,461		17.280243		802,857		0.00%		8.74%
2009		1.00%		45,493		9.292438		422,741		0.00%		8.52%
2008		0.00%		78,790		11.811237		930,607		4.71%		-39.05%
2008		0.50%		190,845		17.675063		3,373,197		4.71%		-39.35%
2008		0.80%		61,738		15.891423		981,105		4.71%		-39.54%
2008		1.00%		49,540		8.562713		424,197		4.71%		-39.66%
Global Securities Fund/VA - Class 3 (OVGS3)
2012		0.00%		27,569		16.261792		448,321		2.14%		21.23%
2012		0.50%		348,574		15.650185		5,455,248		2.14%		20.62%
2012		0.80%		97,044		15.294367		1,484,227		2.14%		20.26%
2011		0.00%		26,357		13.414448		353,565		1.27%		-8.27%
2011		0.50%		386,331		12.974764		5,012,554		1.27%		-8.72%
2011		0.80%		104,174		12.717946		1,324,879		1.27%		-9.00%
2010		0.00%		32,419		14.623513		474,080		1.42%		15.97%
2010		0.50%		408,280		14.215010		5,803,704		1.42%		15.40%
2010		0.80%		113,128		13.975453		1,581,015		1.42%		15.05%
2009		0.00%		35,638		12.609317		449,371		2.12%		39.70%
2009		0.50%		424,101		12.318451		5,224,267		2.12%		39.00%
2009		0.80%		116,945		12.147187		1,420,553		2.12%		38.58%
2008		0.00%		38,920		9.026171		351,299		1.48%		-40.19%
2008		0.50%		398,806		8.862171		3,534,287		1.48%		-40.49%
2008		0.80%		126,475		8.765213		1,108,580		1.48%		-40.67%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Global Securities Fund/VA - Non-Service Shares (OVGS)
2012		0.00%		27,835	$	45.372528	$	1,262,944		2.15%		21.26%
2012		0.50%		179,840		51.612469		9,281,986		2.15%		20.66%
2012		0.80%		36,797		49.700720		1,828,837		2.15%		20.30%
2012		1.00%		62,172		15.367427		955,424		2.15%		20.06%
2012		1.30%		3		45.140290		135		2.15%		19.70%
2011		0.00%		30,723		37.416119		1,149,535		1.32%		-8.29%
2011		0.50%		208,594		42.775604		8,922,734		1.32%		-8.75%
2011		0.80%		43,138		41.315188		1,782,255		1.32%		-9.02%
2011		1.00%		69,574		12.800257		890,565		1.32%		-9.20%
2010		0.00%		39,829		40.798071		1,624,946		1.48%		15.96%
2010		0.50%		251,175		46.875497		11,773,953		1.48%		15.39%
2010		0.80%		51,453		45.410978		2,336,531		1.48%		15.04%
2010		1.00%		76,786		14.097349		1,082,479		1.48%		14.81%
2009		0.00%		44,678		35.181581		1,571,843		2.37%		39.77%
2009		0.50%		297,880		40.624738		12,101,297		2.37%		39.07%
2009		0.80%		60,528		39.473604		2,389,258		2.37%		38.66%
2009		1.00%		93,248		12.278657		1,144,960		2.37%		38.38%
2008		0.00%		56,933		25.170686		1,433,043		1.59%		-40.19%
2008		0.50%		367,478		29.210698		10,734,289		1.59%		-40.49%
2008		0.80%		83,287		28.468276		2,371,037		1.59%		-40.67%
2008		1.00%		141,920		8.873074		1,259,267		1.59%		-40.78%
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
2012		0.00%		24,343		12.490314		304,052		1.07%		16.87%
2012		0.50%		50,353		11.723693		590,323		1.07%		16.29%
2012		0.80%		11,568		11.286461		130,562		1.07%		15.94%
2012		1.00%		4,226		10.998010		46,478		1.07%		15.71%
2011		0.00%		19,438		10.687265		207,739		0.86%		-0.01%
2011		0.50%		59,890		10.081693		603,793		0.86%		-0.51%
2011		0.80%		12,913		9.734919		125,707		0.86%		-0.81%
2011		1.00%		2,423		9.505148		23,031		0.86%		-1.01%
2010		0.00%		25,292		10.688816		270,342		1.16%		16.11%
2010		0.50%		61,553		10.133572		623,752		1.16%		15.53%
2010		0.80%		14,524		9.814366		142,544		1.16%		15.18%
2010		1.00%		2,540		9.601865		24,389		1.16%		14.95%
2009		0.00%		29,189		9.205990		268,714		2.19%		28.29%
2009		0.50%		82,465		8.771479		723,340		2.19%		27.65%
2009		0.80%		15,097		8.520671		128,637		2.19%		27.26%
2009		1.00%		3,186		8.352856		26,612		2.19%		27.01%
2008		0.00%		30,415		7.176149		218,263		1.52%		-38.47%
2008		0.50%		103,392		6.871720		710,481		1.52%		-38.78%
2008		0.80%		19,090		6.695296		127,813		1.52%		-38.96%
2008		1.00%		4,092		6.576580		26,911		1.52%		-39.08%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
2012		0.00%		1,538	$	25.120110	$	38,635		0.60%		17.99%
2012		0.50%		27,760		23.934670		664,426		0.60%		17.40%
2012		0.80%		6,485		23.250430		150,779		0.60%		17.04%
2011		0.00%		2,898		21.290587		61,700		0.63%		-2.21%
2011		0.50%		27,732		20.387760		565,393		0.63%		-2.70%
2011		0.80%		6,787		19.864554		134,821		0.63%		-2.99%
2010		0.00%		4,878		21.772215		106,205		0.62%		23.41%
2010		0.50%		29,814		20.953275		624,701		0.62%		22.79%
2010		0.80%		7,118		20.476795		145,754		0.62%		22.42%
2009		0.00%		4,551		17.642817		80,292		0.68%		37.20%
2009		0.50%		39,875		17.064211		680,435		0.68%		36.51%
2009		0.80%		8,853		16.726211		148,077		0.68%		36.10%
2008		0.00%		4,707		12.859537		60,530		0.59%		-37.83%
2008		0.50%		28,448		12.500175		355,605		0.59%		-38.14%
2008		0.80%		7,267		12.289407		89,307		0.59%		-38.33%
Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)
2012		0.00%		7,137		7.280329		51,960		0.00%		16.45%
2012		0.50%		78,625		6.833364		537,273		0.00%		15.86%
2012		0.80%		27,812		6.578454		182,960		0.00%		15.52%
2012		1.00%		27,106		5.678189		153,913		0.00%		15.29%
2011		0.00%		7,149		6.252049		44,696		0.00%		1.10%
2011		0.50%		88,996		5.897695		524,871		0.00%		0.59%
2011		0.80%		30,607		5.694788		174,300		0.00%		0.29%
2011		1.00%		42,359		4.925320		208,632		0.00%		0.09%
2010		0.00%		5,313		6.184290		32,857		0.00%		27.46%
2010		0.50%		83,759		5.862955		491,075		0.00%		26.83%
2010		0.80%		35,769		5.678217		203,104		0.00%		26.45%
2010		1.00%		35,974		4.920789		177,020		0.00%		26.20%
2009		0.00%		5,414		4.851779		26,268		0.00%		32.61%
2009		0.50%		101,283		4.622700		468,201		0.00%		31.95%
2009		0.80%		47,057		4.490472		211,308		0.00%		31.55%
2009		1.00%		17,313		3.899260		67,508		0.00%		31.29%
2008		0.00%		8,824		3.658769		32,285		0.00%		-49.07%
2008		0.50%		100,993		3.503491		353,828		0.00%		-49.32%
2008		0.80%		55,717		3.413488		190,189		0.00%		-49.47%
2008		1.00%		9,419		2.970003		27,974		0.00%		-49.57%
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
2012		0.00%		4,557		10.179532		46,388		0.00%		1.80%		10/26/2012
2012		0.50%		8,166		10.170366		83,051		0.00%		1.70%		10/26/2012
2012		0.80%		3,560		10.164863		36,187		0.00%		1.65%		10/26/2012
All Asset Portfolio - Administrative Class (PMVAAA)
2012		0.50%		66,356		10.685592		709,053		5.75%		6.86%		5/1/2012
2012		0.80%		3,037		10.664248		32,387		5.75%		6.64%		5/1/2012
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
2012		0.00%		2,260		13.744711		31,063		5.63%		5.50%
2012		0.50%		42,282		13.494082		570,557		5.63%		4.97%
2012		0.80%		1,719		13.345323		22,941		5.63%		4.65%
2011		0.00%		2,159		13.028098		28,128		1.99%		8.52%
2011		0.50%		56,209		12.854999		722,567		1.99%		7.98%
2011		0.80%		5,015		12.751830		63,950		1.99%		7.66%
2010		0.00%		1,029		12.004915		12,353		1.38%		9.48%
2010		0.50%		47,663		11.904770		567,417		1.38%		8.93%
2010		0.80%		2,870		11.844845		33,995		1.38%		8.60%
2009		0.00%		1,048		10.965488		11,492		0.82%		9.65%		4/30/2009
2009		0.50%		13,390		10.928657		146,335		0.82%		9.29%		4/30/2009
2009		0.80%		1,381		10.906528		15,062		0.82%		9.07%		4/30/2009

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract     Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Low Duration Portfolio - Administrative Class (PMVLDA)
2012		0.00%		34,675	$	12.447911	$	431,631		1.90%		5.86%
2012		0.50%		150,562		12.220936		1,840,009		1.90%		5.33%
2012		0.80%		11,713		12.086211		141,566		1.90%		5.01%
2011		0.00%		36,471		11.759209		428,870		1.68%		1.11%
2011		0.50%		147,186		11.602960		1,707,793		1.68%		0.60%
2011		0.80%		14,960		11.509840		172,187		1.68%		0.30%
2010		0.00%		37,759		11.630295		439,148		1.65%		5.29%
2010		0.50%		148,112		11.533272		1,708,216		1.65%		4.76%
2010		0.80%		12,261		11.475215		140,698		1.65%		4.45%
2009		0.00%		9,815		11.045905		108,416		1.46%		10.46%		4/30/2009
2009		0.50%		128,861		11.008805		1,418,606		1.46%		10.09%		4/30/2009
2009		0.80%		2,513		10.986514		27,609		1.46%		9.87%		4/30/2009
Total Return Portfolio - Administrative Class (PMVTRA)
2012		0.50%		127,731		10.986175		1,403,275		2.57%		9.05%
2012		0.80%		5,884		10.930788		64,317		2.57%		8.72%
2011		0.50%		27,221		10.074350		274,234		1.29%		0.74%		4/29/2011
2011		0.80%		4,660		10.053955		46,851		1.29%		0.54%		4/29/2011
Putnam VT Growth and Income Fund - Class IB (PVGIB)
2012		0.00%		55		16.361335		900		1.72%		19.14%
2012		0.50%		5,062		15.589153		78,912		1.72%		18.54%
2012		0.80%		906		15.143447		13,720		1.72%		18.19%
2011		0.00%		60		13.733218		824		1.50%		-4.64%
2011		0.50%		4,875		13.150793		64,110		1.50%		-5.12%
2011		0.80%		931		12.813268		11,929		1.50%		-5.40%
2010		0.50%		6,980		13.859825		96,742		0.81%		13.81%
2010		0.80%		1,773		13.544607		24,015		0.81%		13.47%
2009		0.50%		3,027		12.178324		36,864		2.66%		29.16%
2009		0.80%		1,647		11.937066		19,660		2.66%		28.78%
2008		0.50%		3,157		9.428528		29,766		2.66%		-39.00%
2008		0.80%		1,820		9.269509		16,871		2.66%		-39.19%
Putnam VT International Equity Fund - Class IB (PVTIGB)
2012		0.00%		230		17.975464		4,134		2.14%		21.92%
2012		0.50%		11,969		17.127054		204,994		2.14%		21.31%
2012		0.80%		1,824		16.637352		30,347		2.14%		20.94%
2011		0.00%		238		14.744148		3,509		3.11%		-16.93%
2011		0.50%		9,922		14.118815		140,087		3.11%		-17.35%
2011		0.80%		1,807		13.756422		24,858		3.11%		-17.59%
2010		0.00%		501		17.749703		8,893		3.38%		10.03%
2010		0.50%		14,608		17.082057		249,535		3.38%		9.48%
2010		0.80%		2,288		16.693595		38,195		3.38%		9.15%
2009		0.00%		482		16.132414		7,776		0.00%		24.63%
2009		0.50%		10,114		15.603325		157,812		0.00%		24.01%
2009		0.80%		2,481		15.294248		37,945		0.00%		23.64%
2008		0.00%		482		12.943794		6,239		2.10%		-43.95%
2008		0.50%		15,376		12.582056		193,462		2.10%		-44.23%
2008		0.80%		3,303		12.369896		40,858		2.10%		-44.40%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Putnam VT Voyager Fund - Class IB (PVTVB)
2012		0.00%		1,061	$	17.127486	$	18,172		0.38%		14.23%
2012		0.50%		19,100		16.319175		311,696		0.38%		13.66%
2012		0.80%		2,910		15.852589		46,131		0.38%		13.32%
2011		0.00%		2,304		14.994106		34,546		0.00%		-17.85%
2011		0.50%		32,398		14.358253		465,179		0.00%		-18.26%
2011		0.80%		3,611		13.989739		50,517		0.00%		-18.50%
2010		0.00%		1,600		18.251644		29,203		1.03%		20.80%
2010		0.50%		44,057		17.565173		773,869		1.03%		20.20%
2010		0.80%		3,423		17.165733		58,758		1.03%		19.84%
2009		0.00%		3,029		15.109296		45,766		0.21%		63.90%
2009		0.50%		34,997		14.613809		511,439		0.21%		63.08%
2009		0.80%		5,872		14.324349		84,113		0.21%		62.59%
2008		0.00%		2,053		9.218880		18,926		0.00%		-37.03%
2008		0.50%		1,698		8.961220		15,216		0.00%		-37.35%
2008		0.80%		150		8.810096		1,322		0.00%		-37.53%
Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)
2012		0.50%		794		9.717084		7,715		0.00%		-2.83%		4/27/2012
2012		0.80%		426		9.697354		4,131		0.00%		-3.03%		4/27/2012
Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)
2012		0.00%		1,028		15.427533		15,860		1.75%		17.70%
2011		0.00%		842		13.107128		11,036		0.80%		-3.05%
2010		0.00%		1,947		13.519409		26,322		0.63%		7.35%
2009		0.00%		1,851		12.593649		23,311		0.19%		48.00%
2008		0.00%		5,955		8.509083		50,672		0.76%		-51.77%
2008		0.50%		19,612		8.271175		162,214		0.76%		-52.01%
2008		0.80%		3,970		8.131642		32,283		0.76%		-52.15%
Blue Chip Growth Portfolio - II (TRBCG2)
2009		0.00%		2,666		11.315697		30,168		0.00%		41.79%
2009		0.50%		89,247		11.054670		986,596		0.00%		41.08%
2009		0.80%		3,347		10.900900		36,485		0.00%		40.66%
2008		0.00%		4,116		7.980543		32,848		0.10%		-42.65%
2008		0.50%		59,543		7.835510		466,550		0.10%		-42.94%
2008		0.80%		3,499		7.749732		27,116		0.10%		-43.11%
Equity Income Portfolio - II (TREI2)
2009		0.00%		5,619		10.380043		58,325		1.76%		25.25%
2009		0.50%		108,382		10.140580		1,099,056		1.76%		24.63%
2009		0.80%		12,364		9.999548		123,634		1.76%		24.25%
2008		0.00%		5,181		8.287351		42,937		2.16%		-36.26%
2008		0.50%		94,290		8.136757		767,215		2.16%		-36.58%
2008		0.80%		15,819		8.047714		127,307		2.16%		-36.77%
Health Sciences Portfolio - II (TRHS2)
2012		0.00%		15,998		15.380592		246,059		0.00%		31.00%
2012		0.50%		114,233		15.177218		1,733,739		0.00%		30.34%
2012		0.80%		19,506		15.056482		293,692		0.00%		29.95%
2011		0.00%		2,592		11.741045		30,433		0.00%		10.39%
2011		0.50%		53,213		11.643960		619,610		0.00%		9.84%
2011		0.80%		7,084		11.586088		82,076		0.00%		9.51%
2010		0.50%		16,581		10.601232		175,779		0.00%		6.01%		5/3/2010
2010		0.80%		347		10.580168		3,671		0.00%		5.80%		5/3/2010

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Limited-Term Bond Portfolio - II (TRLT2)
2012		0.00%		10,329	$	12.852172	$	132,750		1.90%		2.44%
2011		0.00%		6,793		12.545962		85,225		2.15%		1.16%
2010		0.00%		6,647		12.402084		82,437		2.28%		2.86%
2009		0.00%		2,944		12.056984		35,496		3.37%		7.35%
2008		0.00%		3,811		11.230967		42,801		3.77%		1.31%
2008		0.50%		129,334		11.026485		1,426,099		3.77%		0.80%
2008		0.80%		2,934		10.905102		31,996		3.77%		0.50%
VIP Trust - Global Bond Fund: Initial Class (VWBF)
2012		0.00%		5,549		25.595762		142,031		2.29%		5.55%
2012		0.50%		24,266		32.810536		796,180		2.29%		5.02%
2012		0.80%		8,173		28.864790		235,912		2.29%		4.71%
2012		1.00%		31,066		20.890316		648,979		2.29%		4.50%
2012		1.30%		34		28.346804		964		2.29%		4.18%
2011		0.00%		6,926		24.249965		167,955		7.78%		8.14%
2011		0.50%		29,106		31.241583		909,318		7.78%		7.60%
2011		0.80%		10,022		27.567293		276,279		7.78%		7.28%
2011		1.00%		37,712		19.991316		753,913		7.78%		7.07%
2010		0.00%		6,589		22.424677		147,756		3.73%		6.20%
2010		0.50%		31,573		29.034421		916,704		3.73%		5.67%
2010		0.80%		10,759		25.696459		276,468		3.73%		5.35%
2010		1.00%		39,005		18.671817		728,294		3.73%		5.14%
2009		0.00%		7,706		21.116276		162,722		3.78%		5.98%
2009		0.50%		56,273		27.477379		1,546,235		3.78%		5.45%
2009		0.80%		12,645		24.391466		308,430		3.78%		5.14%
2009		1.00%		45,114		17.759052		801,182		3.78%		4.93%
2008		0.00%		8,784		19.924512		175,017		8.29%		3.61%
2008		0.50%		70,651		26.056562		1,840,922		8.29%		3.09%
2008		0.80%		17,432		23.199721		404,418		8.29%		2.78%
2008		1.00%		45,106		16.925172		763,427		8.29%		2.58%
VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
2012		0.00%		33,427		29.420205		983,429		0.00%		29.81%
2012		0.50%		156,688		27.006103		4,231,532		0.00%		29.16%
2012		0.80%		26,610		25.880034		688,668		0.00%		28.77%
2012		1.00%		19,965		29.286403		584,703		0.00%		28.51%
2011		0.00%		45,284		22.664458		1,026,337		1.14%		-25.74%
2011		0.50%		170,495		20.909178		3,564,910		1.14%		-26.11%
2011		0.80%		29,321		20.097645		589,283		1.14%		-26.33%
2011		1.00%		30,102		22.788544		685,981		1.14%		-26.48%
2010		0.00%		49,317		30.519227		1,505,117		0.60%		26.84%
2010		0.50%		218,234		28.296732		6,175,309		0.60%		26.21%
2010		0.80%		36,181		27.280173		987,024		0.60%		25.83%
2010		1.00%		55,809		30.994649		1,729,780		0.60%		25.58%
2009		0.00%		56,278		24.061426		1,354,129		0.15%		113.17%
2009		0.50%		227,315		22.420831		5,096,591		0.15%		112.11%
2009		0.80%		40,628		21.680199		880,823		0.15%		111.48%
2009		1.00%		45,255		24.681404		1,116,957		0.15%		111.06%
2008		0.00%		56,089		11.287193		633,087		0.00%		-64.78%
2008		0.50%		227,426		10.570206		2,403,940		0.00%		-64.96%
2008		0.80%		58,189		10.251688		596,535		0.00%		-65.06%
2008		1.00%		21,025		11.694155		245,870		0.00%		-65.13%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)
2012		0.00%		19,950	$	37.445535	$	747,038		0.59%		3.39%
2012		0.50%		100,766		51.332730		5,172,594		0.59%		2.87%
2012		0.80%		15,442		59.904317		925,042		0.59%		2.56%
2012		1.00%		33,842		36.891599		1,248,485		0.59%		2.36%
2011		0.00%		26,799		36.218953		970,632		1.22%		-16.45%
2011		0.50%		121,930		49.900813		6,084,406		1.22%		-16.87%
2011		0.80%		18,243		58.408750		1,065,551		1.22%		-17.12%
2011		1.00%		47,335		36.042787		1,706,085		1.22%		-17.28%
2010		0.00%		29,117		43.350096		1,262,225		0.39%		29.23%
2010		0.50%		140,153		60.024884		8,412,668		0.39%		28.59%
2010		0.80%		21,900		70.469849		1,543,290		0.39%		28.21%
2010		1.00%		53,240		43.572420		2,319,796		0.39%		27.95%
2009		0.00%		33,188		33.543671		1,113,247		0.25%		57.54%
2009		0.50%		158,845		46.678903		7,414,710		0.25%		56.75%
2009		0.80%		23,299		54.965986		1,280,653		0.25%		56.28%
2009		1.00%		74,591		34.054133		2,540,132		0.25%		55.97%
2008		0.00%		31,247		21.292768		665,335		0.27%		-46.12%
2008		0.50%		155,614		29.779289		4,634,074		0.27%		-46.39%
2008		0.80%		25,576		35.171514		899,547		0.27%		-46.56%
2008		1.00%		52,929		21.834128		1,155,659		0.27%		-46.66%
Variable Insurance Portfolios - Asset Strategy (WRASP)
2012		0.00%		12,697		14.380435		182,588		1.16%		19.18%
2012		0.50%		170,634		14.119186		2,409,213		1.16%		18.58%
2012		0.80%		19,979		13.964683		279,000		1.16%		18.22%
2011		0.00%		23,924		12.066588		288,681		1.03%		-7.21%
2011		0.50%		154,370		11.906878		1,838,065		1.03%		-7.67%
2011		0.80%		20,266		11.812045		239,383		1.03%		-7.94%
2010		0.00%		24,462		13.003550		318,093		1.17%		8.67%
2010		0.50%		135,882		12.895656		1,752,288		1.17%		8.13%
2010		0.80%		18,587		12.831331		238,496		1.17%		7.81%
2009		0.00%		7,118		11.965580		85,171		0.07%		19.66%		5/1/2009
2009		0.50%		91,769		11.925721		1,094,411		0.07%		19.26%		5/1/2009
2009		0.80%		6,426		11.901851		76,481		0.07%		19.02%		5/1/2009
Variable Insurance Portfolios - High Income (WRHIP)
2012		0.50%		64,758		10.873621		704,154		0.00%		8.74%		5/1/2012
2012		0.80%		6,632		10.851908		71,970		0.00%		8.52%		5/1/2012
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
2012		0.50%		16,373		10.122465		165,735		0.00%		1.22%		5/1/2012
2012		0.80%		497		10.102240		5,021		0.00%		1.02%		5/1/2012

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Advantage VT Discovery Fund (SVDF)
2012		0.00%		3,369	$	36.365713	$	122,516		0.00%		17.74%
2012		1.00%		19,854		23.300886		462,616		0.00%		16.56%
2012		1.30%		44		48.207298		2,121		0.00%		16.21%
2011		0.00%		3,336		30.887729		103,041		0.00%		0.42%
2011		1.00%		26,660		19.990260		532,940		0.00%		-0.57%
2010		0.00%		3,906		30.757646		120,139		0.00%		35.54%
2010		1.00%		22,839		20.105763		459,196		0.00%		34.20%
2009		0.00%		3,962		22.692436		89,907		0.00%		40.30%
2009		1.00%		20,769		14.982478		311,171		0.00%		38.91%
2008		0.00%		11,945		16.173785		193,196		0.00%		-44.36%
2008		0.50%		133,624		25.136864		3,358,888		0.00%		-44.63%
2008		0.80%		35,861		24.548248		880,325		0.00%		-44.80%
2008		1.00%		23,353		10.785912		251,883		0.00%		-44.91%
Advantage VT Opportunity Fund - Class 2 (SVOF)
2012		0.00%		13,164		38.848890		511,407		0.10%		15.52%
2012		0.50%		409		70.983886		29,032		0.10%		14.94%
2012		0.80%		133		68.495126		9,110		0.10%		14.60%
2012		1.00%		66,443		15.698476		1,043,054		0.10%		14.37%
2012		1.30%		35		61.769399		2,162		0.10%		14.03%
2011		0.00%		14,523		33.629016		488,394		0.14%		-5.52%
2011		0.50%		411		61.754991		25,381		0.14%		-5.99%
2011		0.80%		133		59.769284		7,949		0.14%		-6.27%
2011		1.00%		70,223		13.726081		963,887		0.14%		-6.46%
2010		0.00%		17,519		35.593435		623,561		0.74%		23.76%
2010		0.50%		413		65.689479		27,130		0.74%		23.14%
2010		0.80%		139		63.767991		8,864		0.74%		22.77%
2010		1.00%		90,876		14.673656		1,333,483		0.74%		22.53%
2009		0.00%		21,340		28.761168		613,763		0.00%		47.74%
2009		0.50%		416		53.345920		22,192		0.00%		47.00%
2009		0.80%		145		51.940893		7,531		0.00%		46.56%
2009		1.00%		112,638		11.976020		1,348,955		0.00%		46.27%
2008		0.00%		47,683		19.467920		928,289		1.89%		-40.10%
2008		0.50%		285,615		36.289861		10,364,929		1.89%		-40.40%
2008		0.80%		117,513		35.440201		4,164,684		1.89%		-40.58%
2008		1.00%		137,269		8.187802		1,123,931		1.89%		-40.69%
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
2012		0.00%		141		17.223573		2,429		0.00%		7.87%
2012		0.50%		15,807		16.910692		267,307		0.00%		7.33%
2012		0.80%		4,080		16.725680		68,241		0.00%		7.01%
2011		0.00%		144		15.966729		2,299		0.00%		-4.60%
2011		0.50%		25,486		15.755473		401,544		0.00%		-5.07%
2011		0.80%		5,183		15.630041		81,011		0.00%		-5.36%
2010		0.00%		147		16.735960		2,460		0.00%		26.77%
2010		0.50%		39,483		16.597168		655,306		0.00%		26.14%
2010		0.80%		5,084		16.514425		83,959		0.00%		25.76%
2009		0.00%		101		13.201660		1,333		0.00%		32.02%		5/1/2009
2009		0.50%		8,394		13.157716		110,446		0.00%		31.58%		5/1/2009
2009		0.80%		2,262		13.131409		29,703		0.00%		31.31%		5/1/2009

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Janus Aspen Series - Global Technology Portfolio - Service II Shares (obsolete)  (JAGTS2)
2011		0.00%		634	$	10.352942	$	6,564		0.00%		-8.81%
2011		0.50%		29,181		10.267311		299,610		0.00%		-9.26%
2011		0.80%		2,499		10.216274		25,530		0.00%		-9.53%
2010		0.00%		124		11.352948		1,408		0.00%		13.53%		5/3/2010
2010		0.50%		33,970		11.315395		384,384		0.00%		13.15%		5/3/2010
2010		0.80%		2,165		11.292929		24,449		0.00%		12.93%		5/3/2010
Janus Aspen Series - Overseas Portfolio - Service II Shares (obsolete) (JAIGS2)
2011		0.00%		12,274		10.783470		132,356		0.35%		-32.33%
2011		0.50%		327,060		10.482039		3,428,256		0.35%		-32.67%
2011		0.80%		56,163		10.305239		578,773		0.35%		-32.87%
2010		0.00%		20,565		15.936367		327,731		0.52%		25.03%
2010		0.50%		397,289		15.568534		6,185,207		0.52%		24.41%
2010		0.80%		72,914		15.351937		1,119,371		0.52%		24.03%
2009		0.00%		13,452		12.746144		171,461		0.43%		79.07%
2009		0.50%		382,278		12.514261		4,783,927		0.43%		78.18%
2009		0.80%		69,416		12.377175		859,174		0.43%		77.65%
2008		0.00%		13,505		7.117893		96,127		2.89%		-52.21%
2008		0.50%		335,798		7.023415		2,358,449		2.89%		-52.45%
2008		0.80%		67,272		6.967336		468,707		2.89%		-52.59%
V.I. Capital Appreciation Fund - Series I (obsolete) (AVCA)
2011		0.00%		975		12.681863		12,365		0.11%		-7.91%
2011		0.50%		1,186		12.144062		14,403		0.11%		-8.37%
2011		0.80%		332		11.832421		3,928		0.11%		-8.64%
2010		0.00%		1,644		13.771185		22,640		0.79%		15.49%
2010		0.50%		6,473		13.253190		85,788		0.79%		14.91%
2010		0.80%		344		12.951815		4,455		0.79%		14.57%
2009		0.00%		2,297		11.924271		27,390		0.62%		21.08%
2009		0.50%		4,175		11.533213		48,151		0.62%		20.47%
2009		0.80%		395		11.304770		4,465		0.62%		20.11%
2008		0.00%		681		9.848393		6,707		0.00%		-42.49%
2008		0.50%		5,870		9.573139		56,194		0.00%		-42.78%
2008		0.80%		605		9.411708		5,694		0.00%		-42.95%
V.I. Capital Development Fund - Series I (obsolete) (AVCDI)
2011		0.00%		1,934		17.690502		34,213		0.00%		-7.16%
2011		0.50%		5,587		16.940285		94,645		0.00%		-7.62%
2011		0.80%		2,090		16.505466		34,496		0.00%		-7.90%
2010		0.00%		2,574		19.054589		49,047		0.00%		18.78%
2010		0.50%		5,657		18.337860		103,737		0.00%		18.19%
2010		0.80%		2,177		17.920764		39,014		0.00%		17.83%
2009		0.00%		3,822		16.042234		61,313		0.00%		42.37%
2009		0.50%		8,616		15.516104		133,687		0.00%		41.66%
2009		0.80%		2,761		15.208702		41,991		0.00%		41.24%
2008		0.00%		3,277		11.267930		36,925		0.00%		-47.03%
2008		0.50%		9,085		10.952988		99,508		0.00%		-47.29%
2008		0.80%		3,567		10.768244		38,410		0.00%		-47.45%
AllianceBernstein NVIT Global Fixed Income Fund - Class III (obsolete) (NVAGF3)
2010		0.50%		5,296		12.257318		64,915		7.07%		7.70%
2010		0.80%		546		12.196157		6,659		7.07%		7.38%
2009		0.50%		2,998		11.381006		34,120		3.82%		13.81%		5/1/2009
AllianceBernstein NVIT Global Fixed Income Fund - Class VI (obsolete) (NVAGF6)
2010		0.00%		905		12.305369		11,136		5.31%		7.76%
2009		0.00%		939		11.419762		10,723		3.79%		14.20%		5/1/2009
Clover Value Fund II - Primary Shares (obsolete) (FALF)
2009		0.50%		3,849		11.259563		43,338		2.05%		14.14%
2009		0.80%		83		11.036543		916		2.05%		13.80%
2008		0.50%		8,553		9.864306		84,369		1.80%		-34.12%
2008		0.80%		81		9.697968		786		1.80%		-34.32%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Credit Suisse Trust- International Equity Flex III Portfolio (obsolete) (CSIEF3)
2010		0.00%		27,655	$	11.345188	$	313,751		0.10%		12.23%
2010		0.50%		19,635		11.285605		221,593		0.10%		11.67%
2010		0.80%		6,394		11.250005		71,933		0.10%		11.34%
2010		1.00%		23,244		11.226333		260,945		0.10%		11.12%
2009		0.00%		36,441		10.108851		368,377		0.00%		1.09%		12/11/2009
2009		0.50%		23,959		10.106089		242,132		0.00%		1.06%		12/11/2009
2009		0.80%		6,772		10.104432		68,427		0.00%		1.04%		12/11/2009
2009		1.00%		30,169		10.103328		304,807		0.00%		1.03%		12/11/2009
Gartmore NVIT Global Utilities Fund - Class I (obsolete) (GVGU1)
2009		0.00%		11,222		17.873386		200,575		3.74%		8.01%
2009		0.50%		22,312		17.201149		383,792		3.74%		7.47%
2009		0.80%		4,599		16.809985		77,309		3.74%		7.15%
2009		1.00%		13,437		16.554172		222,438		3.74%		6.93%
2008		0.00%		18,550		16.548066		306,967		3.10%		-32.94%
2008		0.50%		25,030		16.005503		400,618		3.10%		-33.27%
2008		0.80%		14,161		15.688527		222,165		3.10%		-33.47%
2008		1.00%		14,089		15.480718		218,108		3.10%		-33.61%
NVIT Worldwide Leaders Fund - Class III (obsolete) (GEF3)
2010		0.50%		5,113		14.811453		75,731		0.94%		10.81%
2009		0.50%		5,406		13.366903		72,261		0.74%		33.67%		5/1/2009
High Income Fund/VA - Class 3 (obsolete) (OVHI3)
2011		0.00%		3,739		2.908819		10,876		11.87%		-1.88%
2011		0.50%		16,503		2.841668		46,896		11.87%		-2.37%
2011		0.80%		8,693		2.802120		24,359		11.87%		-2.66%
2010		0.00%		3,857		2.964546		11,434		7.14%		14.68%
2010		0.50%		43,908		2.910601		127,799		7.14%		14.11%
2010		0.80%		7,579		2.878683		21,818		7.14%		13.77%
2009		0.00%		3,525		2.584961		9,112		0.00%		26.75%
2009		0.50%		51,883		2.550630		132,334		0.00%		26.12%
2009		0.80%		6,895		2.530249		17,446		0.00%		25.74%
2008		0.00%		1,322		2.039384		2,696		5.94%		-78.89%
2008		0.50%		19,624		2.022384		39,687		5.94%		-79.00%
2008		0.80%		4,411		2.012256		8,876		5.94%		-79.06%
High Income Fund/VA - Non-Service Shares (obsolete) (OVHI)
2011		0.00%		6,730		4.084054		27,486		9.44%		-2.34%
2011		0.50%		5,992		3.910839		23,434		9.44%		-2.82%
2011		0.80%		1,889		3.810426		7,198		9.44%		-3.11%
2010		0.00%		6,482		4.181802		27,106		6.51%		14.81%
2010		0.50%		8,401		4.024459		33,809		6.51%		14.24%
2010		0.80%		2,311		3.932889		9,089		6.51%		13.90%
2009		0.00%		7,571		3.642267		27,576		0.00%		25.32%
2009		0.50%		9,956		3.522783		35,073		0.00%		24.69%
2009		0.80%		2,712		3.452973		9,364		0.00%		24.32%
2008		0.00%		6,661		2.906468		19,360		8.31%		-78.67%
2008		0.50%		13,066		2.825197		36,914		8.31%		-78.78%
2008		0.80%		3,640		2.777517		10,110		8.31%		-78.84%
International Equity Flex I Portfolio (obsolete) (WIEP)
2008		0.00%		49,413		10.593841		523,473		1.70%		-41.03%
2008		0.50%		212,070		11.620666		2,464,395		1.70%		-41.33%
2008		0.80%		62,405		11.295534		704,898		1.70%		-41.51%
2008		1.00%		33,081		7.531248		249,141		1.70%		-41.62%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
International Equity Flex II Portfolio (obsolete) (WVCP)
2009		0.50%		5	$	10.887915	$	54		2.83%		29.85%
2009		0.80%		29		10.529632		305		2.83%		29.48%
2008		0.00%		8,201		8.953554		73,428		1.73%		-46.75%
2008		0.50%		19,954		8.384838		167,311		1.73%		-47.02%
2008		0.80%		7,287		8.132149		59,259		1.73%		-47.18%
2008		1.00%		8,593		3.649703		31,362		1.73%		-47.28%
INTECH Risk-Managed Core Portfolio - Service Shares (obsolete) (JARLCS)
2009		0.00%		831		14.723271		12,235		0.97%		22.55%
2008		0.00%		975		12.013653		11,713		0.70%		-36.24%
2008		0.50%		5,976		11.677947		69,787		0.70%		-36.56%
2008		0.80%		1,353		11.481055		15,534		0.70%		-36.75%
Market Opportunity Fund II - Service Shares (obsolete) (FVMOS)
2009		0.00%		5,927		10.283025		60,947		1.19%		1.28%
2009		0.50%		21,405		10.096031		216,106		1.19%		0.78%
2009		0.80%		1,673		9.985463		16,706		1.19%		0.48%
2008		0.00%		7,008		10.152569		71,149		1.51%		-0.86%
2008		0.50%		15,633		10.017981		156,611		1.51%		-1.36%
2008		0.80%		2,291		9.938077		22,768		1.51%		-1.65%
NVIT Global Financial Services Fund - Class I (obsolete) (GVGF1)
2009		0.00%		4,227		13.889643		58,712		1.17%		31.75%
2009		0.50%		24,715		13.366897		330,363		1.17%		31.10%
2009		0.80%		3,898		13.062701		50,918		1.17%		30.70%
2009		1.00%		7,696		12.863780		99,000		1.17%		30.44%
2008		0.00%		4,535		10.542078		47,808		1.83%		-46.27%
2008		0.50%		16,943		10.196244		172,755		1.83%		-46.54%
2008		0.80%		6,792		9.994191		67,881		1.83%		-46.70%
2008		1.00%		8,903		9.861725		87,799		1.83%		-46.81%
NVIT Health Sciences Fund - Class I (obsolete) (GVGH1)
2009		0.00%		1,969		13.810897		27,194		0.30%		19.16%
2009		0.50%		4,346		13.291259		57,764		0.30%		18.57%
2009		0.80%		905		12.988959		11,755		0.30%		18.21%
2009		1.00%		6,585		12.791190		84,230		0.30%		17.98%
2008		0.00%		2,092		11.589966		24,246		0.29%		-25.21%
2008		0.50%		6,829		11.209779		76,552		0.29%		-25.59%
2008		0.80%		1,704		10.987732		18,723		0.29%		-25.81%
2008		1.00%		22,174		10.842090		240,413		0.29%		-25.96%
NVIT Health Sciences Fund - Class III (obsolete) (GVGHS)
2009		0.00%		8,049		11.124833		89,544		0.29%		19.11%
2009		0.50%		31,770		10.868248		345,284		0.29%		18.52%
2009		0.80%		1,899		10.717146		20,352		0.29%		18.16%
2008		0.00%		9,167		9.339799		85,618		0.28%		-25.23%
2008		0.50%		52,395		9.170101		480,467		0.28%		-25.61%
2008		0.80%		3,498		9.069777		31,726		0.28%		-25.83%
NVIT Leaders Fund - Class I (obsolete) (GVUS1)
2009		0.00%		3,522		12.049802		42,439		0.79%		33.79%
2009		0.50%		5,347		11.596383		62,006		0.79%		33.12%
2009		0.80%		1,533		11.332557		17,373		0.79%		32.72%
2009		1.00%		216		11.160018		2,411		0.79%		32.46%
2008		0.00%		4,220		9.006647		38,008		0.78%		-49.91%
2008		0.50%		26,001		8.711189		226,500		0.78%		-50.16%
2008		0.80%		2,524		8.538594		21,551		0.78%		-50.31%
2008		1.00%		1,246		8.425426		10,498		0.78%		-50.41%
NVIT Mid Cap Growth Fund - Class I (obsolete) (SGRF)
2008		0.00%		15,105		4.097736		61,896		0.00%		-46.11%
2008		0.50%		73,346		3.923801		287,795		0.00%		-46.38%
2008		0.80%		17,878		3.822964		68,347		0.00%		-46.54%
2008		1.00%		19,961		3.514695		70,157		0.00%		-46.65%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

	Contract   Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Technology & Communications Fund - Class I (obsolete) (GGTC)
2009		0.00%		1,823	$	3.325931	$	6,063		0.00%		52.47%
2009		0.50%		43,071		3.175501		136,772		0.00%		51.71%
2009		0.80%		6,450		3.088555		19,921		0.00%		51.25%
2009		1.00%		50,209		2.946550		147,943		0.00%		50.95%
2008		0.00%		2,006		2.181418		4,376		0.00%		-48.57%
2008		0.50%		49,323		2.093189		103,242		0.00%		-48.83%
2008		0.80%		22,045		2.041986		45,016		0.00%		-48.98%
2008		1.00%		18,399		1.951999		35,915		0.00%		-49.08%
NVIT Technology & Communications Fund - Class III (obsolete) (GGTC3)
2009		0.00%		4,024		12.888766		51,864		0.00%		52.44%
2009		0.50%		27,463		12.591433		345,799		0.00%		51.68%
2009		0.80%		4,272		12.416314		53,042		0.00%		51.23%
2008		0.00%		635		8.454726		5,369		0.00%		-48.59%
2008		0.50%		20,999		8.301071		174,314		0.00%		-48.84%
2008		0.80%		5,426		8.210206		44,549		0.00%		-49.00%
NVIT U.S. Growth Leaders Fund - Class I (obsolete) (GVUG1)
2009		0.00%		3,678		14.212216		52,273		0.00%		25.84%
2009		0.50%		26,597		13.677495		363,780		0.00%		25.21%
2009		0.80%		4,858		13.366367		64,934		0.00%		24.84%
2008		0.00%		9,519		11.293974		107,507		0.00%		-41.29%
2008		0.50%		28,348		10.923540		309,661		0.00%		-41.58%
2008		0.80%		6,758		10.707131		72,359		0.00%		-41.76%
2008		1.00%		2,565		10.565207		27,100		0.00%		-41.88%
U.S. Equity Flex I Portfolio (obsolete) (WSCP)
2010		0.00%		40,705		13.231673		538,595		0.15%		14.46%
2010		0.50%		231,659		17.541110		4,063,556		0.15%		13.89%
2010		0.80%		85,337		16.948037		1,446,295		0.15%		13.55%
2010		1.00%		44,938		6.626564		297,785		0.15%		13.32%
2009		0.00%		48,415		11.560237		559,689		1.14%		24.67%
2009		0.50%		261,548		15.402040		4,028,373		1.14%		24.04%
2009		0.80%		91,575		14.925949		1,366,844		1.14%		23.67%
2009		1.00%		50,084		5.847611		292,872		1.14%		23.43%
2008		0.00%		85,320		9.272942		791,167		0.08%		-34.60%
2008		0.50%		271,597		12.416573		3,372,304		0.08%		-34.92%
2008		0.80%		107,043		12.068936		1,291,895		0.08%		-35.12%
2008		1.00%		58,869		4.737770		278,908		0.08%		-35.25%
2012		Contract owners equity:							$	598,222,370
2011		Contract owners equity:							$	589,437,248
2010		Contract owners equity:							$	678,977,225
2009		Contract owners equity:							$	647,741,695
2008		Contract owners equity:							$	566,826,718

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

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

*** This represents the total return for the period. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option is initially offered, funded, or both during the period presented.

**** This represents the date the underlying mutual fund option was initially added and funded.