NATIONWIDE

VLI SEPARATE

ACCOUNT-2

Annual Report

to

Contract Owners

December 31, 2014

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, 2014, 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, 2014, by correspondence with the transfer agents of the underlying mutual funds or by other appropriate auditing procedures. 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, 2014, 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, 2015

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2014

Assets:
Investments at fair value:
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
	77 shares (cost $919)	$	902
Global Allocation V.I. Fund - Class II (MLVGA2)
	195,994 shares (cost $3,239,725)		3,171,181
VIP Small Cap Value Series: Service Class (DWVSVS)
	10,587 shares (cost $427,021)		424,327
Stock Index Fund, Inc. - Initial Shares (DSIF)
	1,052,855 shares (cost $30,955,353)		47,367,965
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)
	167,454 shares (cost $4,461,165)		7,697,848
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
	1,486 shares (cost $17,004)		17,567
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
	38,561 shares (cost $156,205)		222,884
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
	7,782 shares (cost $93,849)		95,716
Balanced Portfolio: Service Shares (JABS)
	49,140 shares (cost $1,450,993)		1,620,131
Forty Portfolio: Service Shares (JACAS)
	95,868 shares (cost $3,765,036)		3,758,993
Global Technology Portfolio: Service Shares (JAGTS)
	202,871 shares (cost $1,540,243)		1,736,576
Overseas Portfolio: Service Shares (JAIGS)
	106,384 shares (cost $4,052,213)		3,356,408
Investors Growth Stock Series - Initial Class (MIGIC)
	14,960 shares (cost $177,337)		239,964
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
	10,237 shares (cost $205,618)		167,073
Value Series - Initial Class (MVFIC)
	132,988 shares (cost $2,150,154)		2,704,968
Core Plus Fixed Income Portfolio - Class I (MSVFI)
	27,511 shares (cost $286,440)		293,822
Emerging Markets Debt Portfolio - Class I (MSEM)
	113,460 shares (cost $1,011,997)		902,010
U.S. Real Estate Portfolio - Class I (MSVRE)
	80,070 shares (cost $1,253,291)		1,611,814
NVIT International Index Fund Class I (NVIX)
	459 shares (cost $4,504)		4,137
NVIT Bond Index Fund Class I (NVBX)
	4,006 shares (cost $43,663)		42,819
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
	423,970 shares (cost $6,502,667)		8,123,258
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
	99,286 shares (cost $2,084,283)		2,472,222
American Funds NVIT Bond Fund - Class II (GVABD2)
	67,234 shares (cost $723,960)		775,206
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
	51,352 shares (cost $1,295,277)		1,580,629
American Funds NVIT Growth Fund - Class II (GVAGR2)
	21,377 shares (cost $1,227,871)		1,796,724
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
	18,829 shares (cost $894,642)		1,111,469

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2014

Federated NVIT High Income Bond Fund - Class I (HIBF)
	198,601 shares (cost $1,382,412)	$	1,320,698
NVIT Emerging Markets Fund - Class I (GEM)
	247,609 shares (cost $2,859,490)		2,726,174
NVIT International Equity Fund - Class I (GIG)
	419,416 shares (cost $4,498,034)		4,319,982
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
	1,443,828 shares (cost $12,373,600)		14,654,849
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
	8,397 shares (cost $102,702)		138,717
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
	29,743 shares (cost $301,622)		324,198
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
	33,422 shares (cost $376,364)		396,714
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
	64,663 shares (cost $742,736)		781,128
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
	11,580 shares (cost $127,594)		123,325
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
	99,998 shares (cost $1,016,528)		1,202,977
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
	64,581 shares (cost $658,558)		718,137
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
	26,570 shares (cost $288,998)		304,496
NVIT Core Bond Fund - Class I (NVCBD1)
	47,937 shares (cost $525,805)		523,468
NVIT Core Plus Bond Fund - Class I (NVLCP1)
	18,383 shares (cost $210,335)		210,487
NVIT Nationwide Fund - Class I (TRF)
	3,523,755 shares (cost $36,405,867)		51,517,291
NVIT Government Bond Fund - Class I (GBF)
	571,435 shares (cost $6,754,164)		6,325,782
American Century NVIT Growth Fund - Class I (CAF)
	639,545 shares (cost $6,701,736)		14,268,238
NVIT International Index Fund - Class II (GVIX2)
	44,587 shares (cost $436,851)		401,284
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
	170,012 shares (cost $1,449,104)		2,198,253
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
	22,976 shares (cost $347,017)		355,433
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
	6,039 shares (cost $110,157)		107,620
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
	53,186 shares (cost $561,370)		554,729
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
	326,531 shares (cost $3,332,400)		4,362,457
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
	383,126 shares (cost $4,076,343)		5,313,956
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
	300,566 shares (cost $3,100,035)		3,576,730
NVIT Mid Cap Index Fund - Class I (MCIF)
	249,025 shares (cost $4,979,831)		6,248,049
NVIT Money Market Fund - Class I (SAM)
	18,172,746 shares (cost $18,172,746)		18,172,746
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
	392,664 shares (cost $4,804,837)		4,354,648
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
	51,630 shares (cost $575,108)		520,428
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
	160,402 shares (cost $1,956,612)		2,154,194

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2014

NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
	113,303 shares (cost $1,246,851)	$	1,335,842
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
	2,392,286 shares (cost $21,521,807)		30,094,957
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
	2,027,170 shares (cost $19,729,585)		24,001,687
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
	67,116 shares (cost $1,279,506)		1,408,095
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
	354,617 shares (cost $4,182,572)		5,624,219
NVIT Multi-Manager Small Company Fund - Class I (SCF)
	740,313 shares (cost $13,686,189)		17,360,333
NVIT Multi-Sector Bond Fund - Class I (MSBF)
	128,155 shares (cost $1,193,015)		1,168,775
NVIT Short Term Bond Fund - Class II (NVSTB2)
	55,279 shares (cost $581,277)		573,245
NVIT Large Cap Growth Fund - Class I (NVOLG1)
	2,345,312 shares (cost $37,896,213)		53,332,397
Templeton NVIT International Value Fund - Class III (NVTIV3)
	14,360 shares (cost $191,187)		174,187
Invesco NVIT Comstock Value Fund - Class I (EIF)
	50,419 shares (cost $675,577)		837,969
NVIT Real Estate Fund - Class I (NVRE1)
	1,284,503 shares (cost $11,374,899)		10,879,742
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
	633 shares (cost $7,720)		7,350
NVIT Small Cap Index Fund Class II (NVSIX2)
	4,441 shares (cost $60,313)		61,546
NVIT S&P 500 Index Fund Class I (GVEX1)
	153,001 shares (cost $2,110,589)		2,189,448
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
	200 shares (cost $2,158)		2,346
VPS Growth and Income Portfolio - Class A (ALVGIA)
	12,799 shares (cost $330,947)		384,474
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
	59,416 shares (cost $1,165,441)		1,304,180
VP Balanced Fund - Class I (ACVB)
	792,128 shares (cost $5,348,345)		6,313,260
VP Capital Appreciation Fund - Class I (ACVCA)
	117,295 shares (cost $1,394,438)		1,843,884
VP Income & Growth Fund - Class I (ACVIG)
	263,627 shares (cost $2,224,715)		2,665,268
VP Inflation Protection Fund - Class II (ACVIP2)
	112,727 shares (cost $1,304,861)		1,171,233
VP International Fund - Class I (ACVI)
	48,352 shares (cost $316,415)		482,551
VP International Fund - Class III (ACVI3)
	17,224 shares (cost $138,519)		171,897
VP Mid Cap Value Fund - Class I (ACVMV1)
	109,868 shares (cost $1,828,931)		2,179,779
VP Ultra(R) Fund - Class I (ACVU1)
	13,767 shares (cost $220,789)		222,061
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
	117,088 shares (cost $1,853,861)		2,154,420
Appreciation Portfolio - Initial Shares (DCAP)
	98,414 shares (cost $3,927,515)		4,872,481
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
	6,310 shares (cost $264,426)		301,496
Growth and Income Portfolio - Initial Shares (DGI)
	48,081 shares (cost $1,092,714)		1,571,291

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2014

Managed Tail Risk Fund II: Primary Shares (FVCA2P)
	29,090 shares (cost $181,877)	$	161,447
Quality Bond Fund II - Primary Shares (FQB)
	111,041 shares (cost $1,256,264)		1,268,085
Equity-Income Portfolio - Initial Class (FEIP)
	1,758,678 shares (cost $39,529,468)		42,683,116
High Income Portfolio - Initial Class (FHIP)
	1,276,230 shares (cost $7,197,332)		7,044,789
VIP Asset Manager Portfolio - Initial Class (FAMP)
	729,105 shares (cost $10,730,184)		12,504,147
VIP Energy Portfolio - Service Class 2 (FNRS2)
	112,529 shares (cost $2,543,397)		2,292,223
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
	36,179 shares (cost $399,313)		449,706
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
	95,362 shares (cost $1,000,039)		1,214,913
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
	93,131 shares (cost $978,476)		1,209,765
VIP Growth Portfolio - Initial Class (FGP)
	978,598 shares (cost $34,105,607)		62,121,413
VIP High Income Portfolio - Initial Class R (FHIPR)
	657,663 shares (cost $3,748,998)		3,617,148
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
	173,457 shares (cost $2,239,990)		2,195,971
VIP Mid Cap Portfolio - Service Class (FMCS)
	228,997 shares (cost $6,731,005)		8,573,644
VIP Overseas Portfolio - Initial Class (FOP)
	297,097 shares (cost $5,843,607)		5,555,707
VIP Overseas Portfolio - Service Class R (FOSR)
	222,306 shares (cost $3,539,576)		4,132,666
VIP Value Strategies Portfolio - Service Class (FVSS)
	68,759 shares (cost $821,766)		1,042,382
Franklin Income Securities Fund - Class 2 (FTVIS2)
	114,861 shares (cost $1,809,119)		1,837,768
Rising Dividends Securities Fund - Class 1 (FTVRDI)
	158,474 shares (cost $3,721,089)		4,695,589
Small Cap Value Securities Fund - Class 1 (FTVSVI)
	141,939 shares (cost $2,348,014)		3,237,619
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
	97,677 shares (cost $966,037)		898,630
Templeton Foreign Securities Fund - Class 1 (TIF)
	9,864 shares (cost $135,916)		151,308
Templeton Foreign Securities Fund - Class 2 (TIF2)
	86,307 shares (cost $1,512,920)		1,298,916
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
	130,672 shares (cost $2,443,970)		2,350,790
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
	28,354 shares (cost $214,559)		210,387
Short Duration Bond Portfolio - I Class Shares (AMTB)
	260,260 shares (cost $2,850,069)		2,774,373
Balanced Portfolio - I Class Shares (AMBP)
	2,965 shares (cost $28,304)		38,313
Growth Portfolio - I Class Shares (AMTG)
	64,847 shares (cost $1,098,166)		1,911,028
Guardian Portfolio - I Class Shares (AMGP)
	6,979 shares (cost $153,729)		168,124
International Portfolio - S Class Shares (AMINS)
	1,759 shares (cost $18,189)		19,555
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
	790 shares (cost $21,362)		18,337

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2014

Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
	189,509 shares (cost $1,696,795)	$	3,106,059
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
	1,357 shares (cost $19,560)		27,063
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
	11,136 shares (cost $173,113)		199,661
Socially Responsive Portfolio - I Class Shares (AMSRS)
	33,135 shares (cost $563,337)		791,269
Capital Income Fund/VA - Non-Service Shares (OVMS)
	414,237 shares (cost $6,117,933)		6,076,858
Core Bond Fund/VA - Non-Service Shares (OVB)
	460,993 shares (cost $3,417,779)		3,669,506
Global Securities Fund/VA - Non-Service Shares (OVGS)
	569,372 shares (cost $19,723,275)		22,490,209
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
	43,533 shares (cost $1,170,486)		1,463,160
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
	50,229 shares (cost $1,193,778)		1,334,072
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
	13,476 shares (cost $760,348)		1,062,187
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
	42,336 shares (cost $230,245)		224,380
All Asset Portfolio - Administrative Class (PMVAAA)
	20,548 shares (cost $231,164)		212,882
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
	911 shares (cost $5,547)		4,426
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
	32,431 shares (cost $372,083)		341,496
Low Duration Portfolio - Administrative Class (PMVLDA)
	157,608 shares (cost $1,666,780)		1,667,489
Total Return Portfolio - Administrative Class (PMVTRA)
	85,367 shares (cost $955,635)		956,110
VT Growth & Income Fund: Class IB (PVGIB)
	8,773 shares (cost $194,301)		229,139
VT International Equity Fund: Class IB (PVTIGB)
	20,660 shares (cost $257,616)		272,711
VT Voyager Fund: Class IB (PVTVB)
	8,681 shares (cost $385,481)		477,823
VI American Franchise Fund - Series I Shares (ACEG)
	1,328 shares (cost $65,268)		72,890
VI Value Opportunities Fund - Series I Shares (AVBVI)
	540 shares (cost $3,805)		5,317
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
	2,198 shares (cost $33,594)		30,904
Variable Fund - Multi-Hedge Strategies (RVARS)
	293 shares (cost $6,652)		6,971
Health Sciences Portfolio - II (TRHS2)
	151,164 shares (cost $4,659,782)		5,479,708
Limited-Term Bond Portfolio - II (TRLT2)
	7,686 shares (cost $37,794)		37,353
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)
	150,462 shares (cost $1,640,633)		1,403,814
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
	456,223 shares (cost $5,734,359)		5,908,087
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
	218,539 shares (cost $6,944,326)		5,544,324
Variable Insurance Portfolios - Asset Strategy (WRASP)
	251,280 shares (cost $2,686,774)		2,730,988
Variable Insurance Portfolios - High Income (WRHIP)
	187,926 shares (cost $744,707)		723,627

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2014

Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
	31,691 shares (cost $340,250)	$	343,673
Advantage VT Discovery Fund (SVDF)
	26,694 shares (cost $738,032)		819,761
Advantage VT Opportunity Fund - Class 2 (SVOF)
	54,062 shares (cost $851,060)		1,560,222
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
	36,429 shares (cost $343,316)		362,833
Total Investments		$	659,479,045
Other Accounts Receivable			255,608
Accounts Receivable-Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)			13
Accounts Receivable-Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)			9
Accounts Receivable-TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)			4
Accounts Receivable-NVIT Money Market Fund - Class I (SAM)			90,473
Accounts Payable-VP Capital Appreciation Fund - Class I (ACVCA)			(8,902	)
Accounts Payable-VP International Fund - Class I (ACVI)			(15,786	)
Accounts Payable-VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)			(5	)
Accounts Payable-Balanced Portfolio - I Class Shares (AMBP)			(21	)
Accounts Payable-Guardian Portfolio - I Class Shares (AMGP)			(44	)
Accounts Payable-Short Duration Bond Portfolio - I Class Shares (AMTB)			(1,944	)
Accounts Payable-Growth Portfolio - I Class Shares (AMTG)			(3,548	)
Accounts Payable-Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)			(2,755	)
Accounts Payable-VI Value Opportunities Fund - Series I Shares (AVBVI)			(7	)
Accounts Payable-Stock Index Fund, Inc. - Initial Shares (DSIF)			(12,872	)
Accounts Payable-VIP Asset Manager Portfolio - Initial Class (FAMP)			(5,369	)
Accounts Payable-Equity-Income Portfolio - Initial Class (FEIP)			(26,154	)
Accounts Payable-VIP Growth Portfolio - Initial Class (FGP)			(17,393	)
Accounts Payable-High Income Portfolio - Initial Class (FHIP)			(5,211	)
Accounts Payable-VIP Overseas Portfolio - Initial Class (FOP)			(3,518	)
Accounts Payable-NVIT Government Bond Fund - Class I (GBF)			(2,937	)
Accounts Payable-U.S. Real Estate Portfolio - Class I (MSVRE)			(550	)
Accounts Payable-NVIT International Index Fund Class I (NVIX)			(8	)
Accounts Payable-Core Bond Fund/VA - Non-Service Shares (OVB)			(4,614	)
Accounts Payable-Global Securities Fund/VA - Non-Service Shares (OVGS)			(25,986	)
Accounts Payable-Capital Income Fund/VA - Non-Service Shares (OVMS)			(4,632	)
Accounts Payable-CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)			(6	)
Accounts Payable-NVIT Multi-Manager Small Company Fund - Class I (SCF)			(44,875	)
Accounts Payable-Advantage VT Opportunity Fund - Class 2 (SVOF)			(12,556	)
Accounts Payable-VIP Trust Global Hard Assets Fund - Initial Class (VWHA)			(12,338	)
		$	659,613,121
Contract Owners’ Equity:
Accumulation units			659,613,121
Total Contract Owners’ Equity (note 5)		$	659,613,121

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		Total		ALVDAA		MLVGA2		DWVSVS		DSIF		DSRG		GVGMNS		IVKMG1
Reinvested dividends	$		8,635,066		46		66,092		512		808,932		78,398		6		-
Asset charges (note 3)			(3,528,645)		(33)		(16,293)		(1,222)		(222,584)		(42,306)		(119)		(1,045)
Net investment income (loss)			5,106,421		13		49,799		(710)		586,348		36,092		(113)		(1,045)
Realized gain (loss) on investments			28,876,065		652		52,059		2,232		1,742,515		232,913		70		5,200
Change in unrealized gain (loss) on investments			(24,718,364)		(769)		(302,607)		(8,676)		2,778,607		106,054		436		11,935
Net gain (loss) on investments			4,157,701		(117)		(250,548)		(6,444)		4,521,122		338,967		506		17,135
Reinvested capital gains			33,984,023		316		246,873		13,037		541,793		512,739		139		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		43,248,145		212		46,124		5,883		5,649,263		887,798		532		16,090
Investment Activity:		IVBRA1		JABS		JACAS		JAGTS		JAIGS		MIGIC		MNDIC		MVFIC
Reinvested dividends	$		-		23,603		1,166		-		239,198		1,127		-		28,101
Asset charges (note 3)			(272)		(7,125)		(18,484)		(9,030)		(22,089)		(1,062)		(1,504)		(9,573)
Net investment income (loss)			(272)		16,478		(17,318)		(9,030)		217,109		65		(1,504)		18,528
Realized gain (loss) on investments			(6,555)		31,189		308,950		262,170		(173,014)		7,214		33,719		165,660
Change in unrealized gain (loss) on investments			1,867		31,260		(1,176,543)		(231,139)		(850,406)		3,423		(94,290)		(27,053)
Net gain (loss) on investments			(4,688)		62,449		(867,593)		31,031		(1,023,420)		10,637		(60,571)		138,607
Reinvested capital gains			5,913		38,559		1,151,659		121,632		294,496		12,111		33,973		56,857
Net increase (decrease) in contract owners’ equity resulting from operations	$		953		117,486		266,748		143,633		(511,815)		22,813		(28,102)		213,992

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		MSVFI		MSEM		MSVRE		NVIX		NVBX		NVAMV1		GVAAA2		GVABD2
Reinvested dividends	$		9,886		61,211		21,546		93		955		158,639		19,966		9,596
Asset charges (note 3)			(1,328)		(5,613)		(10,321)		(13)		(44)		(40,012)		(10,472)		(4,314)
Net investment income (loss)			8,558		55,598		11,225		80		911		118,627		9,494		5,282
Realized gain (loss) on investments			1,175		(6,552)		83,114		(1)		-		341,203		141,260		27,593
Change in unrealized gain (loss) on investments			11,946		(18,946)		252,940		(367)		(844)		(397,935)		(55,128)		(2,671)
Net gain (loss) on investments			13,121		(25,498)		336,054		(368)		(844)		(56,732)		86,132		24,922
Reinvested capital gains			-		8,422		-		-		-		875,562		3,282		6,826
Net increase (decrease) in contract owners’ equity resulting from operations	$		21,679		38,522		347,279		(288)		67		937,457		98,908		37,030
Investment Activity:		GVAGG2		GVAGR2		GVAGI2		HIBF		GEM		GIG		NVNMO1		NVNSR1
Reinvested dividends	$		11,428		8,208		8,706		55,874		30,446		98,062		131,376		1,283
Asset charges (note 3)			(8,404)		(9,308)		(5,502)		(3,988)		(13,481)		(16,572)		(76,070)		(711)
Net investment income (loss)			3,024		(1,100)		3,204		51,886		16,965		81,490		55,306		572
Realized gain (loss) on investments			123,672		160,764		200,414		1,476		22,928		125,017		685,567		11,098
Change in unrealized gain (loss) on investments			(105,161)		(34,248)		(116,475)		(62,629)		(146,397)		(320,845)		(2,313,199)		1,236
Net gain (loss) on investments			18,511		126,516		83,939		(61,153)		(123,469)		(195,828)		(1,627,632)		12,334
Reinvested capital gains			-		-		9,967		-		-		-		2,386,517		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		21,535		125,416		97,110		(9,267)		(106,504)		(114,338)		814,191		12,906

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		NVCRA1		NVCRB1		NVCCA1		NVCCN1		NVCMD1		NVCMA1		NVCMC1		NVCBD1
Reinvested dividends	$		6,913		9,410		18,448		2,899		29,997		18,023		7,192		14,577
Asset charges (note 3)			(1,920)		(2,264)		(3,951)		(5,443)		(6,260)		(3,988)		(886)		(4,008)
Net investment income (loss)			4,993		7,146		14,497		(2,544)		23,737		14,035		6,306		10,569
Realized gain (loss) on investments			9,664		8,732		81,441		109,383		29,053		14,274		11,662		(2,357)
Change in unrealized gain (loss) on investments			(18,487)		(9,417)		(86,404)		(61,775)		(33,330)		(59,147)		(13,099)		16,278
Net gain (loss) on investments			(8,823)		(685)		(4,963)		47,608		(4,277)		(44,873)		(1,437)		13,921
Reinvested capital gains			15,391		9,645		20,910		4,016		28,706		58,301		7,213		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		11,561		16,106		30,444		49,080		48,166		27,463		12,082		24,490
Investment Activity:		NVLCP1		TRF		GBF		CAF		GVIX2		GVIDA		NVDBL2		NVDCA2
Reinvested dividends	$		4,791		587,290		126,665		48,893		8,390		36,716		5,661		1,887
Asset charges (note 3)			(1,138)		(305,663)		(32,208)		(81,116)		(1,270)		(12,593)		(643)		(869)
Net investment income (loss)			3,653		281,627		94,457		(32,223)		7,120		24,123		5,018		1,018
Realized gain (loss) on investments			2,045		753,946		(77,235)		729,721		(10,278)		189,254		4,025		17,880
Change in unrealized gain (loss) on investments			5,201		4,475,821		240,317		726,069		(35,567)		(106,530)		(5,663)		(22,008)
Net gain (loss) on investments			7,246		5,229,767		163,082		1,455,790		(45,845)		82,724		(1,638)		(4,128)
Reinvested capital gains			-		-		-		-		-		-		1,326		1,839
Net increase (decrease) in contract owners’ equity resulting from operations	$		10,899		5,511,394		257,539		1,423,567		(38,725)		106,847		4,706		(1,271)

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		GVIDC		GVIDM		GVDMA		GVDMC		MCIF		SAM		NVMIG1		GVDIVI
Reinvested dividends	$		10,329		74,741		89,292		64,140		64,698		-		48,096		13,391
Asset charges (note 3)			(3,774)		(18,930)		(27,204)		(19,612)		(31,397)		(100,704)		(16,678)		(2,045)
Net investment income (loss)			6,555		55,811		62,088		44,528		33,301		(100,704)		31,418		11,346
Realized gain (loss) on investments			12,363		188,851		12,380		10,905		293,654		-		79,770		(33,493)
Change in unrealized gain (loss) on investments			(16,915)		(34,444)		154,088		20,686		(158,369)		-		(450,189)		(32,883)
Net gain (loss) on investments			(4,552)		154,407		166,468		31,591		135,285		-		(370,419)		(66,376)
Reinvested capital gains			17,064		-		-		67,301		321,415		-		236,420		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		19,067		210,218		228,556		143,420		490,001		(100,704)		(102,581)		(55,030)
Investment Activity:		NVMLG1		NVMLV1		NVMMG1		NVMMV2		SCGF		SCVF		SCF		MSBF
Reinvested dividends	$		10,377		16,394		-		314,137		-		29,301		29,703		41,689
Asset charges (note 3)			(10,109)		(6,644)		(165,057)		(127,563)		(10,087)		(24,916)		(91,364)		(7,552)
Net investment income (loss)			268		9,750		(165,057)		186,574		(10,087)		4,385		(61,661)		34,137
Realized gain (loss) on investments			273,350		162,638		1,449,728		1,264,444		233,707		651,048		283,490		31,054
Change in unrealized gain (loss) on investments			(277,430)		(231,975)		(3,948,147)		(3,144,162)		(392,557)		(816,773)		(2,929,182)		(19,001)
Net gain (loss) on investments			(4,080)		(69,337)		(2,498,419)		(1,879,718)		(158,850)		(165,725)		(2,645,692)		12,053
Reinvested capital gains			169,600		161,561		3,631,806		5,229,886		189,477		511,701		2,680,312		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		165,788		101,974		968,330		3,536,742		20,540		350,361		(27,041)		46,190

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		NVSTB2		NVOLG1		NVTIV3		EIF		NVRE1		NVLCAP		NVSIX2		GVEX1
Reinvested dividends	$		5,562		379,594		6,660		14,149		292,174		130		533		38,417
Asset charges (note 3)			(2,985)		(263,851)		(942)		(4,259)		(49,587)		(15)		(456)		(5,835)
Net investment income (loss)			2,577		115,743		5,718		9,890		242,587		115		77		32,582
Realized gain (loss) on investments			2,927		2,131,201		2,227		87,921		548,073		(19)		(4,285)		69,199
Change in unrealized gain (loss) on investments			(6,401)		(3,570,880)		(30,951)		(40,212)		(955,360)		(370)		(2,692)		40,141
Net gain (loss) on investments			(3,474)		(1,439,679)		(28,724)		47,709		(407,287)		(389)		(6,977)		109,340
Reinvested capital gains			-		5,480,717		6,800		-		2,452,464		208		5,007		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		(897)		4,156,781		(16,206)		57,599		2,287,764		(66)		(1,893)		141,922
Investment Activity:		NOTG3		ALVGIA		ALVSVA		ACVB		ACVCA		ACVIG		ACVIP2		ACVI
Reinvested dividends	$		24		5,711		9,378		83,784		-		52,359		16,304		9,042
Asset charges (note 3)			(18)		(2,426)		(6,535)		(33,854)		(14,364)		(14,491)		(5,387)		(3,030)
Net investment income (loss)			6		3,285		2,843		49,930		(14,364)		37,868		10,917		6,012
Realized gain (loss) on investments			10		91,190		62,551		137,191		55,927		350,173		(27,305)		9,612
Change in unrealized gain (loss) on investments			(5)		(68,171)		(109,774)		(110,320)		(274,479)		(90,425)		25,152		(47,894)
Net gain (loss) on investments			5		23,019		(47,223)		26,871		(218,552)		259,748		(2,153)		(38,282)
Reinvested capital gains			-		-		154,679		454,110		363,577		-		32,823		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		11		26,304		110,299		530,911		130,661		297,616		41,587		(32,270)

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		ACVI3		ACVMV1		ACVU1		DVSCS		DCAP		DSC		DGI		FVCA2P
Reinvested dividends	$		2,931		22,141		734		13,460		89,378		-		12,100		2,794
Asset charges (note 3)			-		(9,371)		(1,593)		(11,630)		(23,847)		(1,939)		(7,744)		(434)
Net investment income (loss)			2,931		12,770		(859)		1,830		65,531		(1,939)		4,356		2,360
Realized gain (loss) on investments			12,918		191,508		1,347		342,303		231,444		80,400		116,439		(1,665)
Change in unrealized gain (loss) on investments			(26,751)		(40,348)		(1,674)		(393,520)		(84,015)		(89,160)		15,466		(32,976)
Net gain (loss) on investments			(13,833)		151,160		(327)		(51,217)		147,429		(8,760)		131,905		(34,641)
Reinvested capital gains			-		109,437		-		127,835		128,531		-		-		30,607
Net increase (decrease) in contract owners’ equity resulting from operations	$		(10,902)		273,367		(1,186)		78,448		341,491		(10,699)		136,261		(1,674)
Investment Activity:		FQB		FEIP		FHIP		FAMP		FNRS2		FF10S		FF20S		FF30S
Reinvested dividends	$		57,316		1,199,982		417,124		189,801		17,882		6,890		19,152		17,695
Asset charges (note 3)			(8,558)		(240,147)		(38,803)		(76,694)		(14,919)		(1,902)		(5,997)		(7,061)
Net investment income (loss)			48,758		959,835		378,321		113,107		2,963		4,988		13,155		10,634
Realized gain (loss) on investments			3,439		135,092		532,867		230,351		306,374		12,729		42,419		76,822
Change in unrealized gain (loss) on investments			(2,921)		1,732,780		(838,853)		(280,760)		(753,406)		(7,472)		(32,098)		(64,132)
Net gain (loss) on investments			518		1,867,872		(305,986)		(50,409)		(447,032)		5,257		10,321		12,690
Reinvested capital gains			-		594,601		-		598,481		31,221		6,464		20,328		23,984
Net increase (decrease) in contract owners’ equity resulting from operations	$		49,276		3,422,308		72,335		661,179		(412,848)		16,709		43,804		47,308

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		FGP		FHIPR		FIGBS		FMCS		FOP		FOSR		FVSS		FTVIS2
Reinvested dividends	$		114,372		215,397		47,206		13,622		79,732		55,104		9,614		108,413
Asset charges (note 3)			(347,737)		(20,098)		(11,457)		(42,384)		(35,431)		(21,476)		(6,339)		(9,903)
Net investment income (loss)			(233,365)		195,299		35,749		(28,762)		44,301		33,628		3,275		98,510
Realized gain (loss) on investments			1,265,443		45,927		(39,110)		476,868		147,817		289,500		153,128		60,798
Change in unrealized gain (loss) on investments			5,222,802		(218,406)		143,429		(170,327)		(751,010)		(722,316)		(74,669)		(79,477)
Net gain (loss) on investments			6,488,245		(172,479)		104,319		306,541		(603,193)		(432,816)		78,459		(18,679)
Reinvested capital gains			-		-		1,105		197,053		1,683		1,138		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		6,254,880		22,820		141,173		474,832		(557,209)		(398,050)		81,734		79,831
Investment Activity:		FTVRDI		FTVSVI		FTVDM2		TIF		TIF2		FTVGI2		FTVFA2		AMTB
Reinvested dividends	$		76,015		27,191		15,009		3,601		28,888		122,625		5,302		46,617
Asset charges (note 3)			(23,087)		(16,431)		(3,296)		(916)		(5,019)		(7,698)		(765)		(15,726)
Net investment income (loss)			52,928		10,760		11,713		2,685		23,869		114,927		4,537		30,891
Realized gain (loss) on investments			505,565		463,181		39		(3,972)		(15,415)		(10,377)		(2,771)		(32,374)
Change in unrealized gain (loss) on investments			(236,287)		(722,622)		(67,407)		(18,154)		(214,004)		(93,180)		345		2,647
Net gain (loss) on investments			269,278		(259,441)		(67,368)		(22,126)		(229,419)		(103,557)		(2,426)		(29,727)
Reinvested capital gains			94,215		236,556		-		-		-		-		162		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		416,421		(12,125)		(55,655)		(19,441)		(205,550)		11,370		2,273		1,164

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		AMBP		AMTG		AMGP		AMINS		AMMCGS		AMTP		AMRS		AMFAS
Reinvested dividends	$		-		-		716		69		-		23,269		182		-
Asset charges (note 3)			(232)		(10,514)		(759)		-		-		(5,169)		-		(968)
Net investment income (loss)			(232)		(10,514)		(43)		69		-		18,100		182		(968)
Realized gain (loss) on investments			1,834		137,054		13,864		41		74		169,765		375		14,282
Change in unrealized gain (loss) on investments			(3,468)		(11,018)		(27,145)		(766)		(6,335)		100,096		2,166		(28,143)
Net gain (loss) on investments			(1,634)		126,036		(13,281)		(725)		(6,261)		269,861		2,541		(13,861)
Reinvested capital gains			3,086		-		25,161		-		7,512		-		666		17,565
Net increase (decrease) in contract owners’ equity resulting from operations	$		1,220		115,522		11,837		(656)		1,251		287,961		3,389		2,736
Investment Activity:		AMSRS		OVMS		OVB		OVGS		OVGI		OVSC		OVAG		OVSB
Reinvested dividends	$		2,905		125,008		193,199		256,506		10,836		11,377		-		8,370
Asset charges (note 3)			(3,939)		(34,387)		(21,276)		(105,365)		(5,612)		(6,389)		(6,962)		(851)
Net investment income (loss)			(1,034)		90,621		171,923		151,141		5,224		4,988		(6,962)		7,519
Realized gain (loss) on investments			46,820		(67,395)		(631,289)		712,615		169,193		185,507		119,663		(1,431)
Change in unrealized gain (loss) on investments			26,509		421,874		741,020		(1,488,890)		(68,824)		(244,830)		(78,544)		(2,005)
Net gain (loss) on investments			73,329		354,479		109,731		(776,275)		100,369		(59,323)		41,119		(3,436)
Reinvested capital gains			-		-		-		1,046,481		26,193		182,782		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		72,295		445,100		281,654		421,347		131,786		128,447		34,157		4,083

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		PMVAAA		PMVRSA		PMVFBA		PMVLDA		PMVTRA		PVGIB		PVTIGB		PVTVB
Reinvested dividends	$		20,889		67		7,382		21,144		25,128		1,832		2,434		3,956
Asset charges (note 3)			(2,683)		(180)		(1,805)		(7,869)		(6,146)		(821)		(1,445)		(2,501)
Net investment income (loss)			18,206		(113)		5,577		13,275		18,982		1,011		989		1,455
Realized gain (loss) on investments			(19,531)		(16,970)		(36,973)		6,035		(31,016)		6,462		23,137		32,264
Change in unrealized gain (loss) on investments			4,856		(1,120)		26,940		(9,269)		55,857		10,585		(43,664)		(2,663)
Net gain (loss) on investments			(14,675)		(18,090)		(10,033)		(3,234)		24,841		17,047		(20,527)		29,601
Reinvested capital gains			-		-		1,004		-		-		-		-		10,149
Net increase (decrease) in contract owners’ equity resulting from operations	$		3,531		(18,203)		(3,452)		10,041		43,823		18,058		(19,538)		41,205
Investment Activity:		ACEG		AVBVI		AVMCCI		RVARS		TRHS2		TRLT2		VWBF		VWEM
Reinvested dividends	$		29		78		12		-		-		370		75,843		32,479
Asset charges (note 3)			(147)		-		(139)		(35)		(23,603)		-		(10,419)		(31,178)
Net investment income (loss)			(118)		78		(127)		(35)		(23,603)		370		65,424		1,301
Realized gain (loss) on investments			2,508		457		635		2		970,334		(28)		(52,584)		196,243
Change in unrealized gain (loss) on investments			3,165		(161)		(2,838)		319		(149,737)		(205)		(115,386)		(989,734)
Net gain (loss) on investments			5,673		296		(2,203)		321		820,597		(233)		(167,970)		(793,491)
Reinvested capital gains			-		-		3,486		-		393,438		-		121,213		741,472
Net increase (decrease) in contract owners’ equity resulting from operations	$		5,555		374		1,156		286		1,190,432		137		18,667		(50,718)

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		VWHA		WRASP		WRHIP		WRMCG		SVDF		SVOF		WFVSCG		OVGS3
Reinvested dividends	$		6,768		14,633		38,553		-		-		858		-		-
Asset charges (note 3)			(41,497)		(14,759)		(4,953)		(1,666)		(6,508)		(9,171)		(2,159)		(15,526)
Net investment income (loss)			(34,729)		(126)		33,600		(1,666)		(6,508)		(8,313)		(2,159)		(15,526)
Realized gain (loss) on investments			181,518		96,383		31,266		42,543		33,188		83,822		66,193		2,806,380
Change in unrealized gain (loss) on investments			(1,491,763)		(651,101)		(50,878)		(37,476)		(139,366)		68,302		(118,348)		(2,787,257)
Net gain (loss) on investments			(1,310,245)		(554,718)		(19,612)		5,067		(106,178)		152,124		(52,155)		19,123
Reinvested capital gains			-		387,871		5,816		19,055		112,587		-		34,913		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		(1,344,974)		(166,973)		19,804		22,456		(99)		143,811		(19,401)		3,597
Investment Activity:		FTVDM3		TIF3		FTVGI3		HIBF3		GEM3		GIG3		GVIX6		NVMIG3
Reinvested dividends	$		-		-		-		29,549		10,673		80,565		6,282		51,311
Asset charges (note 3)			(1,638)		(2,400)		(3,671)		(1,791)		(3,307)		(6,132)		(509)		(7,717)
Net investment income (loss)			(1,638)		(2,400)		(3,671)		27,758		7,366		74,433		5,773		43,594
Realized gain (loss) on investments			(32,075)		289,158		(27,371)		16,907		(16,679)		1,134,426		82,822		1,554,038
Change in unrealized gain (loss) on investments			3,257		(254,632)		50,171		(1,703)		(70,685)		(1,140,603)		(85,971)		(1,557,674)
Net gain (loss) on investments			(28,818)		34,526		22,800		15,204		(87,364)		(6,177)		(3,149)		(3,636)
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations	$		(30,456)		32,126		19,129		42,962		(79,998)		68,256		2,624		39,958

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2014

Investment Activity:		GVDIV3		ACVVS1
Reinvested dividends	$		11,389		-
Asset charges (note 3)			(660)		-
Net investment income (loss)			10,729		-
Realized gain (loss) on investments			64,642		12,529
Change in unrealized gain (loss) on investments			(79,573)		(18,971)
Net gain (loss) on investments			(14,931)		(6,442)
Reinvested capital gains			-		5,224
Net increase (decrease) in contract owners’ equity resulting from operations	$		(4,202)		(1,218)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

			Total				ALVDAA				MLVGA2				DWVSVS
			2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$			5,106,421		5,081,592		13		(6)		49,799		19,923		(710)		(115)
Realized gain (loss) on investments				28,876,065		17,848,642		652		6		52,059		90,962		2,232		498
Change in unrealized gain (loss) on investments				(24,718,364)		110,647,503		(769)		515		(302,607)		220,499		(8,676)		5,981
Reinvested capital gains				33,984,023		10,692,737		316		17		246,873		131,343		13,037		-
Net increase (decrease) in contract owners’ equity resulting from operations				43,248,145		144,270,474		212		532		46,124		462,727		5,883		6,364
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)				25,490,212		26,560,363		-		-		121,628		158,981		2,852		3,928
Transfers between funds				-		-		3,430		-		(147,202)		61,530		391,260		50,492
Surrenders (note 6)				(52,156,720)		(52,859,707)		(5,222)		-		(348,348)		(233,251)		(3,102)		-
Death Benefits (note 4)				(6,275,444)		(8,217,470)		-		-		(84,191)		(17,182)		-		-
Net policy repayments (loans) (note 5)				5,831,791		4,925,415		(2,329)		-		92,461		(1,376)		(25,962)		16
Deductions for surrender charges (note 2d)				(2,121)		(1,785)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)				(33,525,143)		(35,084,239)		(227)		(26)		(165,543)		(183,012)		(6,372)		(1,036)
Asset charges (note 3):
MSP contracts				(291,593)		(287,571)		-		-		(3,613)		(3,239)		-		-
SL contracts or LSFP contracts				(149,874)		(147,523)		-		-		-		-		-		-
Adjustments to maintain reserves				14,839		48,702		6		3		(8)		6		1		6
Net equity transactions				(61,064,053)		(65,063,815)		(4,342)		(23)		(534,816)		(217,543)		358,677		53,406
Net change in contract owners’ equity				(17,815,908)		79,206,659		(4,130)		509		(488,692)		245,184		364,560		59,770
Contract owners’ equity beginning of period				677,429,029		598,222,370		5,037		4,528		3,659,868		3,414,684		59,770		-
Contract owners’ equity end of period		$		659,613,121		677,429,029		907		5,037		3,171,176		3,659,868		424,330		59,770
CHANGES IN UNITS:
Beginning units				27,393,020		30,145,125		441		443		229,979		244,658		4,859		-
Units purchased				4,245,639		2,897,049		292		-		17,330		23,320		30,676		4,957
Units redeemed				(6,861,553)		(5,649,154)		(656)		(2)		(51,086)		(37,999)		(2,710)		(98)
Ending units				24,777,106		27,393,020		77		441		196,223		229,979		32,825		4,859

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

			DSIF				DSRG				GVGMNS				IVKMG1
			2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$			586,348		594,589		36,092		43,129		(113)		(43)		(1,045)		(139)
Realized gain (loss) on investments				1,742,515		2,017,310		232,913		61,681		70		508		5,200		3,328
Change in unrealized gain (loss) on investments				2,778,607		8,964,501		106,054		1,786,062		436		111		11,935		55,982
Reinvested capital gains				541,793		490,403		512,739		-		139		410		-		-
Net increase (decrease) in contract owners’ equity resulting from operations				5,649,263		12,066,803		887,798		1,890,872		532		986		16,090		59,171
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)				1,631,119		1,657,683		377,810		389,697		1,019		254		12,684		13,488
Transfers between funds				72,898		63,159		91,867		23,046		-		10,746		(5,374)		1,428
Surrenders (note 6)				(3,704,429)		(5,306,346)		(426,872)		(426,465)		-		-		(225)		(17,444)
Death Benefits (note 4)				(402,082)		(752,991)		(43,268)		(29,755)		-		-		(1,895)		-
Net policy repayments (loans) (note 5)				136,410		411,713		20,512		22,471		-		-		693		3,701
Deductions for surrender charges (note 2d)				(350)		(75)		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)				(2,278,058)		(2,352,266)		(446,005)		(456,243)		(1,189)		(246)		(14,897)		(14,493)
Asset charges (note 3):
MSP contracts				(19,598)		(19,754)		(2,073)		(1,784)		-		-		(62)		(36)
SL contracts or LSFP contracts				(21,332)		(19,712)		(972)		(1,028)		-		-		(132)		(127)
Adjustments to maintain reserves				1,553		3,051		73		169		1		(4)		12		(2)
Net equity transactions				(4,583,869)		(6,315,538)		(428,928)		(479,892)		(169)		10,750		(9,196)		(13,485)
Net change in contract owners’ equity				1,065,394		5,751,265		458,870		1,410,980		363		11,736		6,894		45,686
Contract owners’ equity beginning of period				46,315,443		40,564,178		7,239,550		5,828,570		17,204		5,468		215,995		170,309
Contract owners’ equity end of period		$		47,380,837		46,315,443		7,698,420		7,239,550		17,567		17,204		222,889		215,995
CHANGES IN UNITS:
Beginning units				1,090,770		1,268,393		193,190		209,089		1,486		532		16,170		17,386
Units purchased				63,462		65,785		22,211		20,263		87		975		1,346		2,264
Units redeemed				(167,981)		(243,408)		(32,657)		(36,162)		(103)		(21)		(1,999)		(3,480)
Ending units				986,251		1,090,770		182,744		193,190		1,470		1,486		15,517		16,170

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

			IVBRA1				JABS				JACAS				JAGTS
			2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$			(272)		-		16,478		22,093		(17,318)		1,489		(9,030)		(7,220)
Realized gain (loss) on investments				(6,555)		-		31,189		(7,560)		308,950		365,262		262,170		164,974
Change in unrealized gain (loss) on investments				1,867		-		31,260		170,125		(1,176,543)		633,138		(231,139)		312,284
Reinvested capital gains				5,913		-		38,559		65,593		1,151,659		-		121,632		-
Net increase (decrease) in contract owners’ equity resulting from operations				953		-		117,486		250,251		266,748		999,889		143,633		470,038
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)				366		-		43,728		59,027		125,185		164,828		40,025		49,093
Transfers between funds				121,423		-		65,466		(206,311)		(300,332)		(274,314)		(263,262)		57,115
Surrenders (note 6)				-		-		(49,415)		(23,308)		(417,837)		(201,384)		(77,167)		(42,907)
Death Benefits (note 4)				-		-		(30,808)		(18,870)		(5,453)		(191,444)		(16,256)		(15,582)
Net policy repayments (loans) (note 5)				(23,987)		-		26,719		(6,578)		173,732		(12,887)		9,231		12,212
Deductions for surrender charges (note 2d)				-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)				(3,038)		-		(60,419)		(59,472)		(173,897)		(191,259)		(62,576)		(54,517)
Asset charges (note 3):
MSP contracts				-		-		(1,055)		(1,056)		(1,705)		(1,734)		(187)		(169)
SL contracts or LSFP contracts				-		-		(174)		(143)		(1,262)		(1,203)		(1,180)		(999)
Adjustments to maintain reserves				3		-		13		18		(31)		38		(6)		24
Net equity transactions				94,767		-		(5,945)		(256,693)		(601,600)		(709,359)		(371,378)		4,270
Net change in contract owners’ equity				95,720		-		111,541		(6,442)		(334,852)		290,530		(227,745)		474,308
Contract owners’ equity beginning of period				-		-		1,508,607		1,515,049		4,093,835		3,803,305		1,964,320		1,490,012
Contract owners’ equity end of period		$		95,720		-		1,620,148		1,508,607		3,758,983		4,093,835		1,736,575		1,964,320
CHANGES IN UNITS:
Beginning units				-		-		64,527		77,338		269,822		327,052		239,301		244,704
Units purchased				11,974		-		5,348		5,013		17,776		19,033		9,472		18,600
Units redeemed				(2,661)		-		(5,545)		(17,824)		(58,295)		(76,263)		(54,582)		(24,003)
Ending units				9,313		-		64,330		64,527		229,303		269,822		194,191		239,301

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

			JAIGS				MIGIC				MNDIC				MVFIC
			2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$			217,109		115,611		65		420		(1,504)		(1,096)		18,528		14,026
Realized gain (loss) on investments				(173,014)		(160,062)		7,214		16,296		33,719		9,564		165,660		187,691
Change in unrealized gain (loss) on investments				(850,406)		629,812		3,423		29,688		(94,290)		54,674		(27,053)		351,169
Reinvested capital gains				294,496		-		12,111		7,056		33,973		2,189		56,857		5,906
Net increase (decrease) in contract owners’ equity resulting from operations				(511,815)		585,361		22,813		53,460		(28,102)		65,331		213,992		558,792
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)				155,728		169,672		10,944		9,597		13,031		20,232		58,342		78,493
Transfers between funds				(443,499)		(401,280)		9,682		7,562		(103,447)		212,163		657,221		58,138
Surrenders (note 6)				(387,443)		(313,118)		(7,803)		(32,034)		(9,438)		(10,830)		(78,133)		(240,373)
Death Benefits (note 4)				(19,501)		(16,774)		-		-		-		-		(5,606)		(6,381)
Net policy repayments (loans) (note 5)				36,103		(164)		1,548		1,357		(588)		(341)		(16,580)		(927)
Deductions for surrender charges (note 2d)				-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)				(197,313)		(233,068)		(13,295)		(11,441)		(17,143)		(11,413)		(71,339)		(73,657)
Asset charges (note 3):
MSP contracts				(1,047)		(1,133)		-		-		-		-		(949)		(949)
SL contracts or LSFP contracts				(1,026)		(1,084)		(50)		(89)		-		-		(686)		(550)
Adjustments to maintain reserves				(21)		102		(8)		6		(3)		10		2		(1)
Net equity transactions				(858,019)		(796,847)		1,018		(25,042)		(117,588)		209,821		542,272		(186,207)
Net change in contract owners’ equity				(1,369,834)		(211,486)		23,831		28,418		(145,690)		275,152		756,264		372,585
Contract owners’ equity beginning of period				4,726,223		4,937,709		216,129		187,711		312,770		37,618		1,948,707		1,576,122
Contract owners’ equity end of period		$		3,356,389		4,726,223		239,960		216,129		167,080		312,770		2,704,971		1,948,707
CHANGES IN UNITS:
Beginning units				301,550		358,477		9,467		10,656		21,574		3,653		71,085		77,887
Units purchased				18,399		19,793		1,100		2,089		1,684		19,963		26,817		8,488
Units redeemed				(75,054)		(76,720)		(1,099)		(3,278)		(10,751)		(2,042)		(8,246)		(15,290)
Ending units				244,895		301,550		9,468		9,467		12,507		21,574		89,656		71,085

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

			MSVFI				MSEM				MSVRE				NVIX
			2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$			8,558		12,037		55,598		45,636		11,225		7,704		80		-
Realized gain (loss) on investments				1,175		(1,281)		(6,552)		64,768		83,114		172,662		(1)		-
Change in unrealized gain (loss) on investments				11,946		(12,021)		(18,946)		(274,717)		252,940		(137,711)		(367)		-
Reinvested capital gains				-		-		8,422		16,435		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations				21,679		(1,265)		38,522		(147,878)		347,279		42,655		(288)		-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)				2,887		14,703		30,788		31,335		148,889		24,287		126		-
Transfers between funds				65,534		40,918		(193,923)		(328,158)		159,664		(514,944)		4,385		-
Surrenders (note 6)				(50,407)		(109,462)		(191,933)		(31,295)		(253,228)		(77,873)		-		-
Death Benefits (note 4)				-		-		-		(9,680)		-		(8,630)		-		-
Net policy repayments (loans) (note 5)				17		8,661		15,270		(21,131)		(6,550)		(50,666)		-		-
Deductions for surrender charges (note 2d)				(236)		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)				(12,210)		(16,812)		(41,606)		(49,039)		(30,716)		(35,330)		(86)		-
Asset charges (note 3):
MSP contracts				(154)		(163)		(611)		(695)		-		-		-		-
SL contracts or LSFP contracts				(134)		(259)		(344)		(389)		(1,584)		(1,658)		-		-
Adjustments to maintain reserves				9		(17)		18		(8)		79		50		8		-
Net equity transactions				5,306		(62,431)		(382,341)		(409,060)		16,554		(664,764)		4,433		-
Net change in contract owners’ equity				26,985		(63,696)		(343,819)		(556,938)		363,833		(622,109)		4,145		-
Contract owners’ equity beginning of period				266,846		330,542		1,245,833		1,802,771		1,248,531		1,870,640		-		-
Contract owners’ equity end of period		$		293,831		266,846		902,014		1,245,833		1,612,364		1,248,531		4,145		-
CHANGES IN UNITS:
Beginning units				18,667		23,156		42,545		56,091		32,399		51,441		-		-
Units purchased				11,281		11,823		1,796		2,613		4,047		677		461		-
Units redeemed				(10,495)		(16,312)		(14,542)		(16,159)		(2,820)		(19,719)		(9)		-
Ending units				19,453		18,667		29,799		42,545		33,626		32,399		452		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVBX				NVAMV1				GVAAA2				GVABD2
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		911		-		118,627		99,363		9,494		13,418		5,282		11,214
Realized gain (loss) on investments			-		-		341,203		314,945		141,260		85,324		27,593		18,277
Change in unrealized gain (loss) on investments			(844)		-		(397,935)		1,471,924		(55,128)		228,653		(2,671)		(57,955)
Reinvested capital gains			-		-		875,562		144,781		3,282		402		6,826		262
Net increase (decrease) in contract owners’ equity resulting from operations			67		-		937,457		2,031,013		98,908		327,797		37,030		(28,202)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			198		-		243,307		208,573		124,396		56,903		25,420		31,435
Transfers between funds			42,692		-		(66,965)		(53,646)		541,755		231,210		(69,999)		5,558
Surrenders (note 6)			-		-		(474,553)		(624,164)		(69,559)		(59,836)		(28,312)		(24,772)
Death Benefits (note 4)			-		-		(64,363)		(167,135)		(15,802)		-		-		(28,338)
Net policy repayments (loans) (note 5)			-		-		58,197		(25,249)		(13,608)		1,854		(24,397)		(19,458)
Deductions for surrender charges (note 2d)			-		-		(92)		(56)		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(138)		-		(389,641)		(400,256)		(68,157)		(62,171)		(24,546)		(27,237)
Asset charges (note 3):
MSP contracts			-		-		(4,102)		(3,893)		(1,633)		(1,192)		(48)		(327)
SL contracts or LSFP contracts			-		-		(2,353)		(2,659)		-		-		-		-
Adjustments to maintain reserves			(1)		-		713		251		10		1		1		7
Net equity transactions			42,751		-		(699,852)		(1,068,234)		497,402		166,769		(121,881)		(63,132)
Net change in contract owners’ equity			42,818		-		237,605		962,779		596,310		494,566		(84,851)		(91,334)
Contract owners’ equity beginning of period			-		-		7,885,955		6,923,176		1,875,914		1,381,348		860,061		951,395
Contract owners’ equity end of period	$		42,818		-		8,123,560		7,885,955		2,472,224		1,875,914		775,210		860,061
CHANGES IN UNITS:
Beginning units			-		-		372,043		428,821		124,360		112,653		71,177		76,209
Units purchased			4,194		-		19,195		22,822		43,798		25,267		2,394		5,119
Units redeemed			(14)		-		(50,500)		(79,600)		(11,191)		(13,560)		(12,132)		(10,151)
Ending units			4,180		-		340,738		372,043		156,967		124,360		61,439		71,177

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		GVAGG2				GVAGR2				GVAGI2				HIBF
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		3,024		(1,971)		(1,100)		(3,189)		3,204		4,464		51,886		6,899
Realized gain (loss) on investments			123,672		146,130		160,764		150,645		200,414		26,157		1,476		(291)
Change in unrealized gain (loss) on investments			(105,161)		234,189		(34,248)		309,813		(116,475)		204,897		(62,629)		533
Reinvested capital gains			-		-		-		-		9,967		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			21,535		378,348		125,416		457,269		97,110		235,518		(9,267)		7,141
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			49,782		57,079		80,862		62,771		45,231		40,932		33,154		-
Transfers between funds			92,674		(47,450)		(138,599)		134,119		77,346		(26,483)		1,264,298		-
Surrenders (note 6)			(177,829)		(113,140)		(170,605)		(156,341)		(50,001)		(23,331)		(49,165)		(18)
Death Benefits (note 4)			(3,675)		-		(8,122)		-		-		-		-		-
Net policy repayments (loans) (note 5)			(4,677)		(1,010)		41,143		(109,922)		3,490		19,511		14,022		(98)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(66,346)		(66,920)		(74,188)		(77,242)		(32,443)		(26,486)		(40,792)		(2,416)
Asset charges (note 3):
MSP contracts			(885)		(748)		(1,142)		(942)		(267)		(284)		(1,705)		(361)
SL contracts or LSFP contracts			-		-		-		-		-		-		(263)		(97)
Adjustments to maintain reserves			10		47		10		2		(2)		13		19		(16)
Net equity transactions			(110,946)		(172,142)		(270,641)		(147,555)		43,354		(16,128)		1,219,568		(3,006)
Net change in contract owners’ equity			(89,411)		206,206		(145,225)		309,714		140,464		219,390		1,210,301		4,135
Contract owners’ equity beginning of period			1,670,047		1,463,841		1,941,961		1,632,247		971,012		751,622		110,398		106,263
Contract owners’ equity end of period	$		1,580,636		1,670,047		1,796,736		1,941,961		1,111,476		971,012		1,320,699		110,398
CHANGES IN UNITS:
Beginning units			101,666		114,108		131,148		142,174		74,243		76,013		5,235		5,384
Units purchased			10,433		5,943		6,453		17,347		9,403		3,918		66,179		-
Units redeemed			(17,164)		(18,385)		(24,811)		(28,373)		(6,137)		(5,688)		(9,134)		(149)
Ending units			94,935		101,666		112,790		131,148		77,509		74,243		62,280		5,235

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		GEM				GIG				NVNMO1				NVNSR1
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		16,965		3,285		81,490		480		55,306		70,788		572		428
Realized gain (loss) on investments			22,928		12,910		125,017		58,642		685,567		324,147		11,098		1,655
Change in unrealized gain (loss) on investments			(146,397)		(16,346)		(320,845)		47,547		(2,313,199)		3,894,869		1,236		31,401
Reinvested capital gains			-		-		-		-		2,386,517		580,724		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(106,504)		(151)		(114,338)		106,669		814,191		4,870,528		12,906		33,484
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			61,152		-		106,317		24,771		515,384		535,025		7,402		2,598
Transfers between funds			2,168,065		(85,056)		4,078,017		54,744		(517,967)		9,544		(4,614)		13,237
Surrenders (note 6)			(134,964)		(20,853)		(299,107)		(88,435)		(993,166)		(733,114)		(8,431)		(1,258)
Death Benefits (note 4)			(4,745)		-		(11,667)		-		(131,765)		(25,461)		-		-
Net policy repayments (loans) (note 5)			6,952		(6,540)		18,793		(12,746)		54,080		67,588		(101)		(94)
Deductions for surrender charges (note 2d)			(45)		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(107,215)		(26,168)		(135,100)		(19,863)		(671,350)		(721,055)		(4,747)		(3,671)
Asset charges (note 3):
MSP contracts			(237)		-		(2,001)		(273)		(9,353)		(8,419)		-		-
SL contracts or LSFP contracts			(656)		(65)		(318)		(290)		(8)		(8)		-		-
Adjustments to maintain reserves			(12)		4		(28)		6		(15)		108		18		(6)
Net equity transactions			1,988,295		(138,678)		3,754,906		(42,086)		(1,754,160)		(875,792)		(10,473)		10,806
Net change in contract owners’ equity			1,881,791		(138,829)		3,640,568		64,583		(939,969)		3,994,736		2,433		44,290
Contract owners’ equity beginning of period			844,371		983,200		679,396		614,813		15,594,821		11,600,085		136,295		92,005
Contract owners’ equity end of period	$		2,726,162		844,371		4,319,964		679,396		14,654,852		15,594,821		138,728		136,295
CHANGES IN UNITS:
Beginning units			34,669		40,391		43,387		45,936		1,179,010		1,255,134		9,336		8,694
Units purchased			110,467		250		291,837		7,484		61,510		86,860		229		2,042
Units redeemed			(30,111)		(5,972)		(55,519)		(10,033)		(196,053)		(162,984)		(930)		(1,400)
Ending units			115,025		34,669		279,705		43,387		1,044,467		1,179,010		8,635		9,336

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVCRA1				NVCRB1				NVCCA1				NVCCN1
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		4,993		2,299		7,146		5,064		14,497		8,456		(2,544)		20,086
Realized gain (loss) on investments			9,664		12,586		8,732		13,812		81,441		11,422		109,383		9,102
Change in unrealized gain (loss) on investments			(18,487)		40,411		(9,417)		19,129		(86,404)		74,611		(61,775)		13,331
Reinvested capital gains			15,391		6,440		9,645		8,234		20,910		15,958		4,016		23,223
Net increase (decrease) in contract owners’ equity resulting from operations			11,561		61,736		16,106		46,239		30,444		110,447		49,080		65,742
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			15,863		17,839		9,469		8,120		29,259		35,756		3,980		87,776
Transfers between funds			(17,972)		117,158		(52,246)		172,609		(48,260)		185,913		(575,905)		(47,619)
Surrenders (note 6)			(16,862)		-		-		(46,748)		-		(4,179)		(884,995)		(26,688)
Death Benefits (note 4)			-		-		-		(1,063)		-		-		-		(45,191)
Net policy repayments (loans) (note 5)			3,493		375		135		25,974		174		906		44,855		4,131
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(16,915)		(11,259)		(9,667)		(10,163)		(34,050)		(30,799)		(20,073)		(47,000)
Asset charges (note 3):
MSP contracts			-		-		(51)		(48)		(57)		(52)		(30)		(29)
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			6		(1)		20		10		(5)		3		(4)		9
Net equity transactions			(32,387)		124,112		(52,340)		148,691		(52,939)		187,548		(1,432,172)		(74,611)
Net change in contract owners’ equity			(20,826)		185,848		(36,234)		194,930		(22,495)		297,995		(1,383,092)		(8,869)
Contract owners’ equity beginning of period			345,034		159,186		432,965		238,035		803,619		505,624		1,506,412		1,515,281
Contract owners’ equity end of period	$		324,208		345,034		396,731		432,965		781,124		803,619		123,320		1,506,412
CHANGES IN UNITS:
Beginning units			26,454		15,770		33,453		21,042		61,151		46,481		122,213		128,438
Units purchased			2,087		11,852		751		18,833		2,288		17,579		6,735		8,763
Units redeemed			(4,627)		(1,168)		(4,718)		(6,422)		(6,365)		(2,909)		(119,220)		(14,988)
Ending units			23,914		26,454		29,486		33,453		57,074		61,151		9,728		122,213

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVCMD1				NVCMA1				NVCMC1				NVCBD1
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		23,737		13,106		14,035		6,126		6,306		4,828		10,569		8,314
Realized gain (loss) on investments			29,053		22,801		14,274		19,801		11,662		12,320		(2,357)		746
Change in unrealized gain (loss) on investments			(33,330)		112,993		(59,147)		77,561		(13,099)		11,403		16,278		(23,542)
Reinvested capital gains			28,706		27,081		58,301		26,789		7,213		6,760		-		4,794
Net increase (decrease) in contract owners’ equity resulting from operations			48,166		175,981		27,463		130,277		12,082		35,311		24,490		(9,688)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			35,129		55,448		60,097		38,906		16,660		19,054		16,904		8,526
Transfers between funds			(3,757)		39,157		18,694		112,582		25,999		35,204		9,660		158,275
Surrenders (note 6)			(31,450)		(33,986)		(19,766)		(60,040)		(26,744)		(66,831)		(82,264)		(94,282)
Death Benefits (note 4)			-		-		(17,034)		-		(21,245)		-		-		-
Net policy repayments (loans) (note 5)			27,241		6,970		11,897		802		4,123		8,140		(2,073)		56,380
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(68,739)		(68,697)		(38,153)		(37,309)		(42,296)		(41,153)		(13,221)		(13,929)
Asset charges (note 3):
MSP contracts			(1,000)		(922)		-		-		(1,366)		(1,378)		(96)		(196)
SL contracts or LSFP contracts			-		-		-		-		-		-		(15)		(29)
Adjustments to maintain reserves			10		(5)		(12)		7		(14)		55		(1)		6
Net equity transactions			(42,566)		(2,035)		15,723		54,948		(44,883)		(46,909)		(71,106)		114,751
Net change in contract owners’ equity			5,600		173,946		43,186		185,225		(32,801)		(11,598)		(46,616)		105,063
Contract owners’ equity beginning of period			1,197,382		1,023,436		674,948		489,723		337,294		348,892		570,086		465,023
Contract owners’ equity end of period	$		1,202,982		1,197,382		718,134		674,948		304,493		337,294		523,470		570,086
CHANGES IN UNITS:
Beginning units			91,749		92,029		51,690		46,451		26,062		29,959		45,475		35,977
Units purchased			10,032		10,781		8,128		16,699		4,010		6,946		3,261		19,572
Units redeemed			(13,309)		(11,061)		(7,019)		(11,460)		(7,417)		(10,843)		(8,766)		(10,074)
Ending units			88,472		91,749		52,799		51,690		22,655		26,062		39,970		45,475

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVLCP1				TRF				GBF				CAF
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		3,653		2,323		281,627		329,128		94,457		102,083		(32,223)		9,971
Realized gain (loss) on investments			2,045		2,167		753,946		61,165		(77,235)		(128,519)		729,721		553,075
Change in unrealized gain (loss) on investments			5,201		(11,073)		4,475,821		11,927,008		240,317		(438,927)		726,069		2,760,045
Reinvested capital gains			-		2,993		-		-		-		86,593		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			10,899		(3,590)		5,511,394		12,317,301		257,539		(378,770)		1,423,567		3,323,091
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			7,449		6,098		2,952,300		3,139,339		300,587		303,406		826,278		865,034
Transfers between funds			499,175		(40,269)		(90,753)		(248,107)		(171,089)		(344,862)		(68,319)		(68,272)
Surrenders (note 6)			(463,074)		-		(3,338,448)		(3,697,262)		(292,808)		(1,424,489)		(1,023,259)		(1,136,879)
Death Benefits (note 4)			-		-		(450,076)		(724,027)		(199,281)		(454,952)		(76,022)		(138,281)
Net policy repayments (loans) (note 5)			603		(1,737)		409,870		744,920		77,614		169,431		96,876		163,704
Deductions for surrender charges (note 2d)			-		-		-		(684)		-		-		-		(30)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(7,146)		(7,581)		(3,692,223)		(3,800,736)		(399,396)		(478,305)		(971,276)		(989,572)
Asset charges (note 3):
MSP contracts			-		-		(11,205)		(11,199)		(7,949)		(10,543)		(3,285)		(3,064)
SL contracts or LSFP contracts			-		-		(6,776)		(6,057)		(1,133)		(1,252)		(2,383)		(2,454)
Adjustments to maintain reserves			(6)		5		929		2,059		599		1,376		269		585
Net equity transactions			37,001		(43,484)		(4,226,382)		(4,601,754)		(692,856)		(2,240,190)		(1,221,121)		(1,309,229)
Net change in contract owners’ equity			47,900		(47,074)		1,285,012		7,715,547		(435,317)		(2,618,960)		202,446		2,013,862
Contract owners’ equity beginning of period			162,586		209,660		50,240,792		42,525,245		6,764,036		9,382,996		14,068,259		12,054,397
Contract owners’ equity end of period	$		210,486		162,586		51,525,804		50,240,792		6,328,719		6,764,036		14,270,705		14,068,259
CHANGES IN UNITS:
Beginning units			11,879		14,970		968,562		1,080,920		215,753		298,463		499,743		551,597
Units purchased			3,626		637		96,765		112,623		14,785		17,556		49,094		56,376
Units redeemed			(800)		(3,728)		(187,434)		(224,981)		(38,599)		(100,266)		(93,573)		(108,230)
Ending units			14,705		11,879		877,893		968,562		191,939		215,753		455,264		499,743

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		GVIX2				GVIDA				NVDBL2				NVDCA2
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		7,120		-		24,123		24,090		5,018		1,129		1,018		1,472
Realized gain (loss) on investments			(10,278)		-		189,254		55,532		4,025		677		17,880		1,351
Change in unrealized gain (loss) on investments			(35,567)		-		(106,530)		418,804		(5,663)		9,381		(22,008)		14,739
Reinvested capital gains			-		-		-		-		1,326		904		1,839		1,807
Net increase (decrease) in contract owners’ equity resulting from operations			(38,725)		-		106,847		498,426		4,706		12,091		(1,271)		19,369
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			4,962		-		109,312		122,552		8,448		5,853		2,144		7,598
Transfers between funds			573,354		-		(131,711)		667		252,606		(1,390)		10,935		29,165
Surrenders (note 6)			(130,871)		-		(208,028)		(11,542)		(13,315)		(3,594)		(26,126)		-
Death Benefits (note 4)			-		-		(7,156)		-		-		-		-		-
Net policy repayments (loans) (note 5)			4,330		-		24,942		16,891		1,645		5,087		(81)		(74)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(10,888)		-		(91,391)		(102,039)		(5,346)		(4,447)		(12,833)		(10,683)
Asset charges (note 3):
MSP contracts			(879)		-		(750)		(657)		(737)		-		(41)		(31)
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			(1)		-		3,402		(3,305)		(8)		(8)		(7)		22
Net equity transactions			440,007		-		(301,380)		22,567		243,293		1,501		(26,009)		25,997
Net change in contract owners’ equity			401,282		-		(194,533)		520,993		247,999		13,592		(27,280)		45,366
Contract owners’ equity beginning of period			-		-		2,392,810		1,871,817		107,429		93,837		134,905		89,539
Contract owners’ equity end of period	$		401,282		-		2,198,277		2,392,810		355,428		107,429		107,625		134,905
CHANGES IN UNITS:
Beginning units			-		-		116,767		115,731		6,895		6,800		7,635		6,030
Units purchased			48,112		-		7,666		13,215		15,773		1,244		361		2,294
Units redeemed			(5,018)		-		(21,757)		(12,179)		(1,218)		(1,149)		(2,172)		(689)
Ending units			43,094		-		102,676		116,767		21,450		6,895		5,824		7,635

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		GVIDC				GVIDM				GVDMA				GVDMC
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		6,555		6,638		55,811		56,314		62,088		56,434		44,528		38,048
Realized gain (loss) on investments			12,363		20,095		188,851		3,595		12,380		(78,814)		10,905		11,524
Change in unrealized gain (loss) on investments			(16,915)		(8,550)		(34,444)		653,264		154,088		1,043,874		20,686		211,930
Reinvested capital gains			17,064		9,099		-		-		-		-		67,301		40,187
Net increase (decrease) in contract owners’ equity resulting from operations			19,067		27,282		210,218		713,173		228,556		1,021,494		143,420		301,689
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			10,696		18,471		238,760		255,478		189,123		189,957		172,494		180,243
Transfers between funds			110,149		(35,470)		(111,049)		222,252		193,087		(4,496)		63,280		109,244
Surrenders (note 6)			(133,690)		(117,825)		(391,482)		(273,440)		(442,751)		(504,679)		(9,761)		(68,960)
Death Benefits (note 4)			(39,563)		-		(14,304)		(150,241)		-		(292,904)		-		(110,382)
Net policy repayments (loans) (note 5)			55,273		20,633		86,954		(66,975)		34,087		211,422		6,139		10,725
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(44,511)		(47,656)		(420,791)		(407,821)		(239,369)		(250,877)		(107,463)		(100,114)
Asset charges (note 3):
MSP contracts			(536)		(692)		(9,130)		(9,858)		(3,559)		(3,509)		(1,143)		(765)
SL contracts or LSFP contracts			(186)		(263)		(1,958)		(2,046)		(1,143)		(1,079)		-		-
Adjustments to maintain reserves			(15)		32		40		(29)		13		13		382		76
Net equity transactions			(42,383)		(162,770)		(622,960)		(432,680)		(270,512)		(656,152)		123,928		20,067
Net change in contract owners’ equity			(23,316)		(135,488)		(412,742)		280,493		(41,956)		365,342		267,348		321,756
Contract owners’ equity beginning of period			578,043		713,531		4,775,220		4,494,727		5,355,926		4,990,584		3,309,421		2,987,665
Contract owners’ equity end of period	$		554,727		578,043		4,362,478		4,775,220		5,313,970		5,355,926		3,576,769		3,309,421
CHANGES IN UNITS:
Beginning units			38,417		49,104		257,540		282,525		270,794		308,078		194,912		192,674
Units purchased			10,649		5,067		20,296		41,599		24,506		25,670		16,495		20,536
Units redeemed			(12,937)		(15,754)		(53,421)		(66,584)		(38,310)		(62,954)		(8,947)		(18,298)
Ending units			36,129		38,417		224,415		257,540		256,990		270,794		202,460		194,912

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		MCIF				SAM				NVMIG1				GVDIVI
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		33,301		34,436		(100,704)		(113,659)		31,418		-		11,346		2,577
Realized gain (loss) on investments			293,654		507,081		-		-		79,770		-		(33,493)		(8,043)
Change in unrealized gain (loss) on investments			(158,369)		885,674		-		-		(450,189)		-		(32,883)		32,842
Reinvested capital gains			321,415		148,870		-		-		236,420		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			490,001		1,576,061		(100,704)		(113,659)		(102,581)		-		(55,030)		27,376
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			122,516		262,362		1,439,474		1,435,071		126,142		-		20,359		-
Transfers between funds			48,202		319,406		2,302,319		328,076		4,615,056		-		467,794		(2,977)
Surrenders (note 6)			(319,721)		(289,111)		(3,281,294)		(4,525,650)		(219,661)		-		(39,998)		(4,760)
Death Benefits (note 4)			(1)		(93,586)		(749,705)		(235,503)		(3,478)		-		-		-
Net policy repayments (loans) (note 5)			(1,792)		(120,912)		1,608,638		1,385,883		85,914		-		(5,401)		(241)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(116)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(281,554)		(402,325)		(1,736,347)		(1,773,480)		(145,532)		-		(22,150)		(5,506)
Asset charges (note 3):
MSP contracts			(3,684)		(2,604)		(12,746)		(13,386)		(1,205)		-		(83)		-
SL contracts or LSFP contracts			(778)		(814)		(7,071)		(7,148)		(1)		-		(179)		(29)
Adjustments to maintain reserves			417		172		(343)		(351)		(5)		-		(12)		18
Net equity transactions			(436,395)		(327,412)		(437,075)		(3,406,488)		4,457,230		-		420,214		(13,495)
Net change in contract owners’ equity			53,606		1,248,649		(537,779)		(3,520,147)		4,354,649		-		365,184		13,881
Contract owners’ equity beginning of period			6,194,520		4,945,871		18,620,052		22,140,199		-		-		155,241		141,360
Contract owners’ equity end of period	$		6,248,126		6,194,520		18,082,273		18,620,052		4,354,649		-		520,425		155,241
CHANGES IN UNITS:
Beginning units			221,987		234,630		1,110,278		1,293,558		-		-		7,825		8,612
Units purchased			8,813		26,517		257,588		197,939		478,873		-		31,064		55
Units redeemed			(25,385)		(39,160)		(287,520)		(381,219)		(32,670)		-		(9,911)		(842)
Ending units			205,415		221,987		1,080,346		1,110,278		446,203		-		28,978		7,825

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVMLG1				NVMLV1				NVMMG1				NVMMV2
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		268		5,878		9,750		12,569		(165,057)		(160,722)		186,574		132,662
Realized gain (loss) on investments			273,350		75,931		162,638		63,504		1,449,728		1,360,756		1,264,444		872,868
Change in unrealized gain (loss) on investments			(277,430)		304,576		(231,975)		263,502		(3,948,147)		5,920,035		(3,144,162)		4,278,593
Reinvested capital gains			169,600		113,304		161,561		68,967		3,631,806		2,099,505		5,229,886		990,965
Net increase (decrease) in contract owners’ equity resulting from operations			165,788		499,689		101,974		408,542		968,330		9,219,574		3,536,742		6,275,088
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			70,114		66,050		56,205		63,319		1,111,613		1,111,561		647,905		683,944
Transfers between funds			97,178		224,871		423		55,836		(738,845)		(4,126)		58,430		271,371
Surrenders (note 6)			(142,773)		(108,194)		(261,888)		(147,678)		(1,588,782)		(2,183,807)		(2,228,887)		(1,789,565)
Death Benefits (note 4)			(61,650)		(25,972)		(14,070)		-		(207,297)		(88,791)		(169,897)		(108,972)
Net policy repayments (loans) (note 5)			39,803		13,546		1,330		12,976		311,266		50,327		111,622		260,395
Deductions for surrender charges (note 2d)			-		-		-		-		-		(260)		-		(66)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(95,043)		(88,517)		(66,709)		(74,504)		(1,488,418)		(1,562,534)		(1,022,973)		(1,057,926)
Asset charges (note 3):
MSP contracts			(1,062)		(1,054)		(389)		(320)		(10,067)		(9,703)		(6,014)		(6,290)
SL contracts or LSFP contracts			(759)		(802)		(467)		(457)		(968)		(189)		(41)		(10)
Adjustments to maintain reserves			(15)		5		(6)		2		(46)		178		9		150
Net equity transactions			(94,207)		79,933		(285,571)		(90,826)		(2,611,544)		(2,687,344)		(2,609,846)		(1,746,969)
Net change in contract owners’ equity			71,581		579,622		(183,597)		317,716		(1,643,214)		6,532,230		926,896		4,528,119
Contract owners’ equity beginning of period			2,082,599		1,502,977		1,519,433		1,201,717		31,738,191		25,205,961		23,074,785		18,546,666
Contract owners’ equity end of period	$		2,154,180		2,082,599		1,335,836		1,519,433		30,094,977		31,738,191		24,001,681		23,074,785
CHANGES IN UNITS:
Beginning units			147,302		142,573		113,081		120,539		2,115,910		2,322,977		1,463,947		1,588,483
Units purchased			14,291		28,411		6,575		13,495		137,217		209,360		94,357		146,458
Units redeemed			(22,742)		(23,682)		(29,337)		(20,953)		(314,635)		(416,427)		(250,296)		(270,994)
Ending units			138,851		147,302		90,319		113,081		1,938,492		2,115,910		1,308,008		1,463,947

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		SCGF				SCVF				SCF				MSBF
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(10,087)		(11,776)		4,385		20,105		(61,661)		(66,878)		34,137		35,114
Realized gain (loss) on investments			233,707		73,842		651,048		226,583		283,490		5,550		31,054		79,014
Change in unrealized gain (loss) on investments			(392,557)		479,707		(816,773)		1,602,123		(2,929,182)		6,099,713		(19,001)		(152,432)
Reinvested capital gains			189,477		98,857		511,701		-		2,680,312		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			20,540		640,630		350,361		1,848,811		(27,041)		6,038,385		46,190		(38,304)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			68,719		28,984		187,271		147,476		515,951		542,126		25,462		35,649
Transfers between funds			(529,314)		(13,239)		(339,391)		101,356		(1,132,774)		(386,225)		(65,618)		(453,325)
Surrenders (note 6)			(111,701)		(158,477)		(469,173)		(346,415)		(1,288,699)		(992,200)		(200,773)		(209,027)
Death Benefits (note 4)			(2,077)		-		(183,531)		(79,645)		(265,846)		(46,911)		(30,102)		(10,333)
Net policy repayments (loans) (note 5)			(4,589)		31,177		164,702		(125,093)		187,570		(79,769)		(28,439)		18,522
Deductions for surrender charges (note 2d)			-		-		(95)		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(52,350)		(61,328)		(242,588)		(261,513)		(803,808)		(853,704)		(49,815)		(70,838)
Asset charges (note 3):
MSP contracts			(491)		(488)		(2,676)		(2,798)		(8,608)		(8,597)		(746)		(835)
SL contracts or LSFP contracts			(545)		(560)		(4,774)		(4,389)		(4,212)		(4,307)		(308)		(446)
Adjustments to maintain reserves			5		27		25		34		296		13,176		14		(12)
Net equity transactions			(632,343)		(173,904)		(890,230)		(570,987)		(2,800,130)		(1,816,411)		(350,325)		(690,645)
Net change in contract owners’ equity			(611,803)		466,726		(539,869)		1,277,824		(2,827,171)		4,221,974		(304,135)		(728,949)
Contract owners’ equity beginning of period			2,019,914		1,553,188		6,164,091		4,886,267		20,232,379		16,010,405		1,472,920		2,201,869
Contract owners’ equity end of period	$		1,408,111		2,019,914		5,624,222		6,164,091		17,405,208		20,232,379		1,168,785		1,472,920
CHANGES IN UNITS:
Beginning units			176,232		194,158		163,575		180,700		344,129		383,102		76,689		112,778
Units purchased			19,982		9,159		9,144		13,244		15,908		18,082		3,019		2,869
Units redeemed			(78,952)		(27,085)		(33,455)		(30,369)		(64,187)		(57,055)		(21,112)		(38,958)
Ending units			117,262		176,232		139,264		163,575		295,850		344,129		58,596		76,689

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVSTB2				NVOLG1				NVTIV3				EIF
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		2,577		4,216		115,743		132,558		5,718		2,499		9,890		(2,919)
Realized gain (loss) on investments			2,927		4,382		2,131,201		1,728,076		2,227		2,983		87,921		51,947
Change in unrealized gain (loss) on investments			(6,401)		(6,811)		(3,570,880)		13,369,063		(30,951)		15,406		(40,212)		118,383
Reinvested capital gains			-		504		5,480,717		-		6,800		1,218		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(897)		2,291		4,156,781		15,229,697		(16,206)		22,106		57,599		167,411
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			25,508		13,151		1,645,624		1,650,902		7,463		3,786		42,720		31,258
Transfers between funds			(710)		62,413		(1,202,388)		(1,037,213)		17,744		95,844		42,646		155,066
Surrenders (note 6)			(7,202)		(1,846)		(2,696,852)		(4,160,360)		(6,296)		(29,436)		(9,748)		(68,255)
Death Benefits (note 4)			-		-		(218,683)		(771,001)		-		-		(1,872)		-
Net policy repayments (loans) (note 5)			(8,494)		(6,318)		(102,979)		118,263		271		(1,021)		(7,331)		1,614
Deductions for surrender charges (note 2d)			(92)		-		(93)		(57)		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(18,748)		(15,305)		(2,322,736)		(2,464,897)		(7,739)		(7,130)		(40,002)		(35,112)
Asset charges (note 3):
MSP contracts			(126)		(127)		(20,383)		(19,919)		-		-		(10)		(9)
SL contracts or LSFP contracts			-		-		(17,050)		(16,144)		(6)		(55)		(92)		(97)
Adjustments to maintain reserves			(1)		(9)		(26)		135		(20)		10		7		(3)
Net equity transactions			(9,865)		51,959		(4,935,566)		(6,700,291)		11,417		61,998		26,318		84,462
Net change in contract owners’ equity			(10,762)		54,250		(778,785)		8,529,406		(4,789)		84,104		83,917		251,873
Contract owners’ equity beginning of period			584,007		529,757		54,111,188		45,581,782		178,960		94,856		754,060		502,187
Contract owners’ equity end of period	$		573,245		584,007		53,332,403		54,111,188		174,171		178,960		837,977		754,060
CHANGES IN UNITS:
Beginning units			52,481		47,427		2,458,573		2,816,828		10,518		6,634		30,815		27,511
Units purchased			3,572		8,835		118,726		140,842		11,928		6,827		3,560		10,165
Units redeemed			(4,527)		(3,781)		(340,604)		(499,097)		(11,223)		(2,943)		(2,876)		(6,861)
Ending units			51,526		52,481		2,236,695		2,458,573		11,223		10,518		31,499		30,815

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NVRE1				NVLCAP				NVSIX2				GVEX1
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		242,587		78,210		115		-		77		564		32,582		14,846
Realized gain (loss) on investments			548,073		575,421		(19)		-		(4,285)		511		69,199		22,074
Change in unrealized gain (loss) on investments			(955,360)		(1,006,093)		(370)		-		(2,692)		3,925		40,141		38,717
Reinvested capital gains			2,452,464		596,191		208		-		5,007		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			2,287,764		243,729		(66)		-		(1,893)		5,000		141,922		75,637
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			645,013		293,397		-		-		276		1,097		13,525		674
Transfers between funds			1,322,671		(344,394)		8,455		-		60,372		48,023		1,269,291		1,347,889
Surrenders (note 6)			(773,476)		(621,836)		-		-		(46,737)		-		(154,517)		(438,019)
Death Benefits (note 4)			(101,373)		(92,870)		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			(29,086)		44,350		-		-		1,540		117		(26,799)		-
Deductions for surrender charges (note 2d)			(75)		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(417,091)		(442,829)		(1,039)		-		(4,958)		(1,291)		(30,136)		(10,021)
Asset charges (note 3):
MSP contracts			(4,148)		(3,769)		-		-		-		-		-		-
SL contracts or LSFP contracts			(1,143)		(1,106)		-		-		-		-		-		-
Adjustments to maintain reserves			48		(12)		1		-		(6)		-		-		(3)
Net equity transactions			641,340		(1,169,069)		7,417		-		10,487		47,946		1,071,364		900,520
Net change in contract owners’ equity			2,929,104		(925,340)		7,351		-		8,594		52,946		1,213,286		976,157
Contract owners’ equity beginning of period			7,950,686		8,876,026		-		-		52,946		-		976,157		-
Contract owners’ equity end of period	$		10,879,790		7,950,686		7,351		-		61,540		52,946		2,189,443		976,157
CHANGES IN UNITS:
Beginning units			669,846		767,061		-		-		4,191		-		82,752		-
Units purchased			162,469		43,205		716		-		2,262		4,307		90,517		122,027
Units redeemed			(116,138)		(140,420)		(89)		-		(1,768)		(116)		(8,704)		(39,275)
Ending units			716,177		669,846		627		-		4,685		4,191		164,565		82,752

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		NOTG3				ALVGIA				ALVSVA				ACVB
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		6		13		3,285		2,494		2,843		1,200		49,930		48,356
Realized gain (loss) on investments			10		3		91,190		77,058		62,551		103,241		137,191		21,075
Change in unrealized gain (loss) on investments			(5)		193		(68,171)		66,496		(109,774)		156,767		(110,320)		578,835
Reinvested capital gains			-		-		-		-		154,679		57,709		454,110		90,503
Net increase (decrease) in contract owners’ equity resulting from operations			11		209		26,304		146,048		110,299		318,917		530,911		738,769
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		2,265		12,299		8,865		38,126		37,272		140,885		163,475
Transfers between funds			-		-		(394,286)		350,465		199,793		(124,186)		1,084,428		413,410
Surrenders (note 6)			-		-		(6,074)		(14,236)		(156,667)		(6,512)		(375,939)		(123,472)
Death Benefits (note 4)			-		-		-		-		(16)		-		(57,048)		(82,855)
Net policy repayments (loans) (note 5)			-		-		3,745		6,237		32,717		(21,867)		21,700		(10,975)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		(24)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(87)		(51)		(21,685)		(27,499)		(59,653)		(51,372)		(221,673)		(241,650)
Asset charges (note 3):
MSP contracts			-		-		(116)		(178)		(436)		(489)		(2,341)		(2,315)
SL contracts or LSFP contracts			-		-		(27)		(23)		(255)		(257)		(524)		(823)
Adjustments to maintain reserves			(2)		(3)		(22)		6		23		9		373		13
Net equity transactions			(89)		2,211		(406,166)		323,637		53,632		(167,402)		589,861		114,784
Net change in contract owners’ equity			(78)		2,420		(379,862)		469,685		163,931		151,515		1,120,772		853,553
Contract owners’ equity beginning of period			2,420		-		764,323		294,638		1,140,255		988,740		5,192,773		4,339,220
Contract owners’ equity end of period	$		2,342		2,420		384,461		764,323		1,304,186		1,140,255		6,313,545		5,192,773
CHANGES IN UNITS:
Beginning units			223		-		32,892		17,027		33,478		39,888		173,234		167,449
Units purchased			-		228		1,887		17,851		7,086		3,856		52,197		26,591
Units redeemed			(8)		(5)		(19,575)		(1,986)		(5,319)		(10,266)		(22,713)		(20,806)
Ending units			215		223		15,204		32,892		35,245		33,478		202,718		173,234

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		ACVCA				ACVIG				ACVIP2				ACVI
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(14,364)		(12,888)		37,868		35,806		10,917		21,889		6,012		6,763
Realized gain (loss) on investments			55,927		17,342		350,173		171,099		(27,305)		28,157		9,612		(4,789)
Change in unrealized gain (loss) on investments			(274,479)		355,355		(90,425)		372,856		25,152		(290,686)		(47,894)		113,341
Reinvested capital gains			363,577		61,503		-		-		32,823		71,752		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			130,661		421,312		297,616		579,761		41,587		(168,888)		(32,270)		115,315
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			(9,044)		17,487		48,078		45,877		43,674		54,954		1		129
Transfers between funds			33,734		(5,261)		(60,634)		767,847		(51,205)		(590,624)		(19,712)		(8,413)
Surrenders (note 6)			(71,076)		(18,823)		(213,932)		(188,285)		(197,748)		(165,579)		(46,908)		(67,144)
Death Benefits (note 4)			511		(23,785)		(6,551)		(91,817)		(272)		(54,527)		(20,825)		-
Net policy repayments (loans) (note 5)			8,112		(15,791)		94,994		77,434		27,448		59,063		(1,726)		(1,947)
Deductions for surrender charges (note 2d)			-		-		-		-		(89)		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(33,603)		(43,354)		(103,710)		(100,309)		(65,959)		(93,758)		(15,304)		(19,403)
Asset charges (note 3):
MSP contracts			1,608		-		(2,595)		(2,176)		(2,446)		(2,787)		-		-
SL contracts or LSFP contracts			(1,350)		(1,327)		(510)		(489)		(63)		(185)		(893)		(1,095)
Adjustments to maintain reserves			(2,149)		2,373		414		106		(8)		(2)		(923)		3,099
Net equity transactions			(73,257)		(88,481)		(244,446)		508,188		(246,668)		(793,445)		(106,290)		(94,774)
Net change in contract owners’ equity			57,404		332,831		53,170		1,087,949		(205,081)		(962,333)		(138,560)		20,541
Contract owners’ equity beginning of period			1,795,382		1,462,551		2,612,178		1,524,229		1,376,314		2,338,647		636,897		616,356
Contract owners’ equity end of period	$		1,852,786		1,795,382		2,665,348		2,612,178		1,171,233		1,376,314		498,337		636,897
CHANGES IN UNITS:
Beginning units			100,920		107,645		139,633		103,967		93,282		144,454		36,115		40,913
Units purchased			5,156		1,725		6,050		56,565		5,463		7,484		99		22
Units redeemed			(7,636)		(8,450)		(17,628)		(20,899)		(21,746)		(58,656)		(5,053)		(4,820)
Ending units			98,440		100,920		128,055		139,633		76,999		93,282		31,161		36,115

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		ACVI3				ACVMV1				ACVU1				DVSCS
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		2,931		2,954		12,770		13,916		(859)		(4)		1,830		11,391
Realized gain (loss) on investments			12,918		25,335		191,508		93,651		1,347		13,116		342,303		125,416
Change in unrealized gain (loss) on investments			(26,751)		10,127		(40,348)		316,534		(1,674)		(960)		(393,520)		560,846
Reinvested capital gains			-		-		109,437		27,586		-		-		127,835		27,653
Net increase (decrease) in contract owners’ equity resulting from operations			(10,902)		38,416		273,367		451,687		(1,186)		12,152		78,448		725,306
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			4,695		15,562		43,956		45,224		(529)		1,866		53,577		85,241
Transfers between funds			(14,269)		(3,023)		126,073		299,293		40,461		114,617		(313,115)		322,539
Surrenders (note 6)			(9,305)		(50,349)		(85,074)		(85,862)		(808)		(18,626)		(60,355)		(188,259)
Death Benefits (note 4)			-		-		(837)		-		-		-		(19,312)		-
Net policy repayments (loans) (note 5)			40		102		(42,888)		(37,699)		(142)		(1,205)		(72,058)		(53,520)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(29)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(3,306)		(4,007)		(63,104)		(68,800)		(1,402)		(3,584)		(95,724)		(95,105)
Asset charges (note 3):
MSP contracts			-		-		(656)		(505)		-		-		(1,600)		(1,435)
SL contracts or LSFP contracts			(707)		(748)		(55)		(39)		(14)		(62)		(820)		(819)
Adjustments to maintain reserves			(2)		(8)		18		(10)		52		(16)		42		2
Net equity transactions			(22,854)		(42,471)		(22,567)		151,602		37,618		92,990		(509,394)		68,644
Net change in contract owners’ equity			(33,756)		(4,055)		250,800		603,289		36,432		105,142		(430,946)		793,950
Contract owners’ equity beginning of period			205,643		209,698		1,928,977		1,325,688		185,678		80,536		2,585,388		1,791,438
Contract owners’ equity end of period	$		171,887		205,643		2,179,777		1,928,977		222,110		185,678		2,154,442		2,585,388
CHANGES IN UNITS:
Beginning units			10,941		13,657		85,896		76,468		10,891		6,088		98,177		95,136
Units purchased			255		925		6,734		18,902		1,667		7,890		4,461		19,586
Units redeemed			(1,518)		(3,641)		(8,862)		(9,474)		(630)		(3,087)		(24,554)		(16,545)
Ending units			9,678		10,941		83,768		85,896		11,928		10,891		78,084		98,177

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		DCAP				DSC				DGI				FVCA2P
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		65,531		72,768		(1,939)		(2,566)		4,356		5,638		2,360		1,652
Realized gain (loss) on investments			231,444		398,563		80,400		77,674		116,439		30,943		(1,665)		5,178
Change in unrealized gain (loss) on investments			(84,015)		453,934		(89,160)		104,553		15,466		399,147		(32,976)		11,652
Reinvested capital gains			128,531		11,946		-		-		-		-		30,607		4,650
Net increase (decrease) in contract owners’ equity resulting from operations			341,491		937,211		(10,699)		179,661		136,261		435,728		(1,674)		23,132
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			147,379		176,064		13,087		16,822		56,743		64,082		4,537		3,929
Transfers between funds			(41,310)		(442,612)		(280,728)		43,644		21,379		11,465		(12)		1,717
Surrenders (note 6)			(361,262)		(409,797)		(14,660)		(8,672)		(121,425)		(107,018)		-		(550)
Death Benefits (note 4)			-		(19,715)		-		-		(31,642)		-		-		-
Net policy repayments (loans) (note 5)			(21,839)		(58,994)		9,513		(15,046)		15,177		22,385		460		(1,600)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(213,488)		(237,289)		(23,566)		(31,590)		(92,120)		(95,869)		(3,547)		(5,174)
Asset charges (note 3):
MSP contracts			(1,653)		(1,557)		(115)		(46)		(799)		(786)		-		-
SL contracts or LSFP contracts			(2,053)		(2,418)		(50)		(46)		(710)		(624)		(247)		(222)
Adjustments to maintain reserves			(4)		49		23		14		32		(19)		19		(18)
Net equity transactions			(494,230)		(996,269)		(296,496)		5,080		(153,365)		(106,384)		1,210		(1,918)
Net change in contract owners’ equity			(152,739)		(59,058)		(307,195)		184,741		(17,104)		329,344		(464)		21,214
Contract owners’ equity beginning of period			5,025,341		5,084,399		608,716		423,975		1,588,414		1,259,070		161,926		140,712
Contract owners’ equity end of period	$		4,872,602		5,025,341		301,521		608,716		1,571,310		1,588,414		161,462		161,926
CHANGES IN UNITS:
Beginning units			212,115		257,978		28,819		29,707		70,468		75,494		8,972		9,069
Units purchased			11,285		12,631		923		4,391		5,327		6,162		315		476
Units redeemed			(31,442)		(58,494)		(15,637)		(5,279)		(12,722)		(11,188)		(226)		(573)
Ending units			191,958		212,115		14,105		28,819		63,073		70,468		9,061		8,972

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		FQB				FEIP				FHIP				FAMP
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		48,758		70,615		959,835		808,274		378,321		441,578		113,107		115,695
Realized gain (loss) on investments			3,439		9,252		135,092		913,978		532,867		572,630		230,351		228,364
Change in unrealized gain (loss) on investments			(2,921)		(75,920)		1,732,780		5,664,905		(838,853)		(553,451)		(280,760)		1,363,254
Reinvested capital gains			-		-		594,601		2,771,326		-		-		598,481		29,748
Net increase (decrease) in contract owners’ equity resulting from operations			49,276		3,947		3,422,308		10,158,483		72,335		460,757		661,179		1,737,061
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			30,280		34,465		1,519,924		1,648,437		20,775		59,597		468,210		429,226
Transfers between funds			(112,875)		(130,448)		(749,562)		(574,334)		(526,138)		(311,665)		155,266		38,736
Surrenders (note 6)			(185,277)		(147,568)		(3,281,240)		(3,159,667)		(401,261)		(378,093)		(792,434)		(1,064,639)
Death Benefits (note 4)			(28,172)		(145,174)		(593,834)		(718,199)		(65,169)		(109,256)		(98,867)		(220,557)
Net policy repayments (loans) (note 5)			11,282		(19,783)		472,128		389,528		(112,888)		(80,965)		92,418		242,135
Deductions for surrender charges (note 2d)			-		-		(188)		(135)		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(69,703)		(83,810)		(2,284,845)		(2,357,910)		(318,604)		(367,125)		(669,653)		(690,101)
Asset charges (note 3):
MSP contracts			(1,037)		(1,887)		(22,125)		(21,779)		(6,215)		(6,256)		(3,809)		(3,836)
SL contracts or LSFP contracts			(245)		(476)		(5,692)		(5,994)		(3,492)		(3,709)		(1,660)		(952)
Adjustments to maintain reserves			17		(2)		3,186		5,614		112		312		1,757		595
Net equity transactions			(355,730)		(494,683)		(4,942,248)		(4,794,439)		(1,412,880)		(1,197,160)		(848,772)		(1,269,393)
Net change in contract owners’ equity			(306,454)		(490,736)		(1,519,940)		5,364,044		(1,340,545)		(736,403)		(187,593)		467,668
Contract owners’ equity beginning of period			1,574,553		2,065,289		44,229,210		38,865,166		8,390,545		9,126,948		12,697,109		12,229,441
Contract owners’ equity end of period	$		1,268,099		1,574,553		42,709,270		44,229,210		7,050,000		8,390,545		12,509,516		12,697,109
CHANGES IN UNITS:
Beginning units			94,617		124,241		767,539		880,660		257,480		291,771		354,922		389,255
Units purchased			2,674		8,790		35,585		41,885		4,256		7,338		28,385		29,580
Units redeemed			(23,449)		(38,414)		(126,154)		(155,006)		(54,865)		(41,629)		(49,652)		(63,913)
Ending units			73,842		94,617		676,970		767,539		206,871		257,480		333,655		354,922

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		FNRS2				FF10S				FF20S				FF30S
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		2,963		4,623		4,988		4,512		13,155		13,088		10,634		12,362
Realized gain (loss) on investments			306,374		237,322		12,729		7,058		42,419		46,448		76,822		47,097
Change in unrealized gain (loss) on investments			(753,406)		281,565		(7,472)		30,228		(32,098)		88,417		(64,132)		145,333
Reinvested capital gains			31,221		15,898		6,464		4,521		20,328		15,564		23,984		16,672
Net increase (decrease) in contract owners’ equity resulting from operations			(412,848)		539,408		16,709		46,319		43,804		163,517		47,308		221,464
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			120,817		138,339		12,586		25,358		25,260		24,699		62,000		81,646
Transfers between funds			277,026		(27,768)		36,600		10,629		97,061		6,411		14,475		(6,059)
Surrenders (note 6)			(180,543)		(179,155)		(4,727)		(28,824)		(78,781)		(108,542)		(59,883)		(96,927)
Death Benefits (note 4)			(25,249)		(22,753)		(22,738)		-		-		-		(3,056)		(12,745)
Net policy repayments (loans) (note 5)			9,537		20,248		26,512		3,968		3,662		(2,505)		(31,566)		17,040
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(9)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(180,258)		(182,318)		(18,131)		(19,548)		(44,497)		(47,003)		(61,276)		(65,547)
Asset charges (note 3):
MSP contracts			(1,222)		(834)		(550)		(588)		(623)		(574)		(71)		(64)
SL contracts or LSFP contracts			(629)		(671)		-		-		-		-		-		-
Adjustments to maintain reserves			(41)		33		(2)		9		12		(13)		9		11
Net equity transactions			19,438		(254,879)		29,550		(8,996)		2,094		(127,527)		(79,377)		(82,645)
Net change in contract owners’ equity			(393,410)		284,529		46,259		37,323		45,898		35,990		(32,069)		138,819
Contract owners’ equity beginning of period			2,685,617		2,401,088		403,456		366,133		1,169,016		1,133,026		1,241,846		1,103,027
Contract owners’ equity end of period	$		2,292,207		2,685,617		449,715		403,456		1,214,914		1,169,016		1,209,777		1,241,846
CHANGES IN UNITS:
Beginning units			123,779		136,737		24,584		25,198		69,351		77,596		71,020		76,179
Units purchased			17,448		12,535		5,311		2,958		8,648		3,523		7,259		6,874
Units redeemed			(19,652)		(25,493)		(3,464)		(3,572)		(8,851)		(11,768)		(12,007)		(12,033)
Ending units			121,575		123,779		26,431		24,584		69,148		69,351		66,272		71,020

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		FGP				FHIPR				FIGBS				FMCS
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(233,365)		(153,687)		195,299		191,968		35,749		62,767		(28,762)		(7,555)
Realized gain (loss) on investments			1,265,443		(255,789)		45,927		45,493		(39,110)		30,221		476,868		223,482
Change in unrealized gain (loss) on investments			5,222,802		16,953,537		(218,406)		(49,850)		143,429		(234,078)		(170,327)		1,133,823
Reinvested capital gains			-		37,274		-		-		1,105		43,544		197,053		990,196
Net increase (decrease) in contract owners’ equity resulting from operations			6,254,880		16,581,335		22,820		187,611		141,173		(97,546)		474,832		2,339,946
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,472,664		2,656,764		448,634		480,517		78,810		129,203		240,116		261,846
Transfers between funds			237,812		(694,418)		(58,741)		(100,612)		(1,208,081)		(355,177)		126,579		(74,977)
Surrenders (note 6)			(4,424,565)		(3,449,421)		(330,386)		(335,291)		(226,018)		(265,519)		(456,001)		(682,383)
Death Benefits (note 4)			(497,720)		(590,895)		(57,334)		(59,193)		(4,993)		(34,895)		(10,747)		(1,463)
Net policy repayments (loans) (note 5)			570,099		469,330		252,478		158,295		75,387		26,627		(4,573)		161,593
Deductions for surrender charges (note 2d)			(179)		(365)		-		(6)		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(3,228,943)		(3,250,793)		(316,519)		(332,609)		(119,922)		(155,628)		(334,966)		(341,016)
Asset charges (note 3):
MSP contracts			(15,854)		(14,532)		(1,958)		(1,921)		(1,831)		(1,967)		(1,552)		(1,419)
SL contracts or LSFP contracts			(11,724)		(10,659)		-		-		(404)		(708)		(951)		(1,086)
Adjustments to maintain reserves			2,855		4,560		(10)		-		12		(2)		(19)		73
Net equity transactions			(4,895,555)		(4,880,429)		(63,836)		(190,820)		(1,407,040)		(658,066)		(442,114)		(678,832)
Net change in contract owners’ equity			1,359,325		11,700,906		(41,016)		(3,209)		(1,265,867)		(755,612)		32,718		1,661,114
Contract owners’ equity beginning of period			60,779,481		49,078,575		3,658,147		3,661,356		3,461,858		4,217,470		8,540,926		6,879,812
Contract owners’ equity end of period	$		62,138,806		60,779,481		3,617,131		3,658,147		2,195,991		3,461,858		8,573,644		8,540,926
CHANGES IN UNITS:
Beginning units			1,096,597		1,208,074		247,587		261,159		230,006		273,385		219,649		239,445
Units purchased			68,758		66,292		45,864		50,097		10,768		11,131		16,637		15,883
Units redeemed			(146,948)		(177,769)		(50,295)		(63,669)		(102,504)		(54,510)		(27,803)		(35,679)
Ending units			1,018,407		1,096,597		243,156		247,587		138,270		230,006		208,483		219,649

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		FOP				FOSR				FVSS				FTVIS2
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		44,301		50,706		33,628		35,316		3,275		2,622		98,510		90,626
Realized gain (loss) on investments			147,817		98,274		289,500		(148,624)		153,128		262,503		60,798		30,036
Change in unrealized gain (loss) on investments			(751,010)		1,497,633		(722,316)		1,218,633		(74,669)		61,806		(79,477)		65,080
Reinvested capital gains			1,683		23,704		1,138		16,607		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(557,209)		1,670,317		(398,050)		1,121,932		81,734		326,931		79,831		185,742
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			(3,014)		1,033		536,604		446,345		30,990		26,568		164,438		64,360
Transfers between funds			23,988		(44,332)		(128,042)		(153,836)		(128,512)		(310,457)		157,831		455,887
Surrenders (note 6)			(532,421)		(366,419)		(425,373)		(466,878)		(57,134)		(62,274)		(264,462)		(81,419)
Death Benefits (note 4)			(118,684)		(111,647)		(82,669)		(26,621)		(38,221)		-		(79,334)		-
Net policy repayments (loans) (note 5)			(9,249)		24,436		70,892		101,319		11,218		(8,799)		40,368		(827)
Deductions for surrender charges (note 2d)			-		-		(40)		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(203,032)		(227,879)		(263,057)		(287,936)		(54,910)		(65,087)		(100,131)		(83,593)
Asset charges (note 3):
MSP contracts			(3,151)		(3,019)		(1,122)		(995)		(893)		(903)		(1,740)		(1,690)
SL contracts or LSFP contracts			(1,326)		(1,349)		(1,182)		(1,233)		(467)		(414)		-		-
Adjustments to maintain reserves			505		883		(3)		36		33		2		5		(4)
Net equity transactions			(846,384)		(728,293)		(293,992)		(389,799)		(237,896)		(421,364)		(83,025)		352,714
Net change in contract owners’ equity			(1,403,593)		942,024		(692,042)		732,133		(156,162)		(94,433)		(3,194)		538,456
Contract owners’ equity beginning of period			6,962,818		6,020,794		4,824,703		4,092,570		1,198,573		1,293,006		1,840,961		1,302,505
Contract owners’ equity end of period	$		5,559,225		6,962,818		4,132,661		4,824,703		1,042,411		1,198,573		1,837,767		1,840,961
CHANGES IN UNITS:
Beginning units			225,192		246,603		279,237		307,163		51,121		71,462		116,247		93,198
Units purchased			9,827		3,732		40,031		39,854		2,502		4,668		17,178		33,694
Units redeemed			(34,446)		(25,143)		(57,566)		(67,780)		(11,921)		(25,009)		(21,972)		(10,645)
Ending units			200,573		225,192		261,702		279,237		41,702		51,121		111,453		116,247

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		FTVRDI				FTVSVI				FTVDM2				TIF
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		52,928		60,767		10,760		36,044		11,713		-		2,685		3,726
Realized gain (loss) on investments			505,565		395,342		463,181		323,252		39		-		(3,972)		(2,145)
Change in unrealized gain (loss) on investments			(236,287)		676,924		(722,622)		711,312		(67,407)		-		(18,154)		36,436
Reinvested capital gains			94,215		-		236,556		60,160		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			416,421		1,133,033		(12,125)		1,130,768		(55,655)		-		(19,441)		38,017
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			141,732		166,654		84,594		84,658		21,670		-		-		-
Transfers between funds			412,138		137,469		(437,925)		(56,122)		989,843		-		-		-
Surrenders (note 6)			(803,283)		(391,845)		(416,480)		(145,213)		(96,463)		-		(24,100)		-
Death Benefits (note 4)			-		(19,519)		-		(11,122)		-		-		-		-
Net policy repayments (loans) (note 5)			(1,675)		(42,150)		(56,193)		(19,969)		70,342		-		(4,902)		(2,490)
Deductions for surrender charges (note 2d)			-		(5)		(159)		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(150,533)		(164,539)		(103,398)		(115,506)		(30,829)		-		(4,068)		(4,471)
Asset charges (note 3):
MSP contracts			(988)		(785)		(987)		(848)		(161)		-		(41)		(37)
SL contracts or LSFP contracts			(989)		(946)		(398)		(476)		(117)		-		-		-
Adjustments to maintain reserves			(10)		19		(13)		65		(4)		-		(5)		22
Net equity transactions			(403,608)		(315,647)		(930,959)		(264,533)		954,281		-		(33,116)		(6,976)
Net change in contract owners’ equity			12,813		817,386		(943,084)		866,235		898,626		-		(52,557)		31,041
Contract owners’ equity beginning of period			4,682,773		3,865,387		4,180,714		3,314,479		-		-		203,881		172,840
Contract owners’ equity end of period	$		4,695,586		4,682,773		3,237,630		4,180,714		898,626		-		151,324		203,881
CHANGES IN UNITS:
Beginning units			188,022		200,895		121,642		131,056		-		-		7,507		7,807
Units purchased			8,938		16,097		4,253		5,549		103,589		-		41		46
Units redeemed			(23,328)		(28,970)		(32,157)		(14,963)		(7,968)		-		(1,266)		(346)
Ending units			173,632		188,022		93,738		121,642		95,621		-		6,282		7,507

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		TIF2				FTVGI2				FTVFA2				AMTB
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		23,869		-		114,927		-		4,537		13,293		30,891		44,749
Realized gain (loss) on investments			(15,415)		-		(10,377)		-		(2,771)		73		(32,374)		(29,880)
Change in unrealized gain (loss) on investments			(214,004)		-		(93,180)		-		345		(10,565)		2,647		(11,058)
Reinvested capital gains			-		-		-		-		162		20,080		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(205,550)		-		11,370		-		2,273		22,881		1,164		3,811
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			25,022		-		56,607		-		6,149		32,361		68,876		72,727
Transfers between funds			1,613,430		-		2,487,348		-		81,885		43,334		32,295		220,498
Surrenders (note 6)			(103,552)		-		(88,664)		-		(9,141)		-		(93,749)		(244,397)
Death Benefits (note 4)			-		-		-		-		(13,480)		(12,913)		(21,130)		(44,261)
Net policy repayments (loans) (note 5)			(1,304)		-		(45,738)		-		325		526		20,797		(101,628)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(28,846)		-		(68,893)		-		(13,705)		(10,424)		(97,041)		(110,365)
Asset charges (note 3):
MSP contracts			(148)		-		(1,081)		-		(345)		(307)		(4,209)		(4,241)
SL contracts or LSFP contracts			(136)		-		(159)		-		-		-		(654)		(678)
Adjustments to maintain reserves			(3)		-		2		-		-		(3)		7		20
Net equity transactions			1,504,463		-		2,339,422		-		51,688		52,574		(94,808)		(212,325)
Net change in contract owners’ equity			1,298,913		-		2,350,792		-		53,961		75,455		(93,644)		(208,514)
Contract owners’ equity beginning of period			-		-		-		-		156,427		80,972		2,869,961		3,078,475
Contract owners’ equity end of period	$		1,298,913		-		2,350,792		-		210,388		156,427		2,776,317		2,869,961
CHANGES IN UNITS:
Beginning units			-		-		-		-		11,864		7,639		161,759		168,853
Units purchased			157,657		-		253,660		-		8,968		6,520		13,743		28,610
Units redeemed			(8,464)		-		(19,855)		-		(5,124)		(2,295)		(24,023)		(35,704)
Ending units			149,193		-		233,805		-		15,708		11,864		151,479		161,759

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		AMBP				AMTG				AMGP				AMINS
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(232)		(238)		(10,514)		(10,225)		(43)		792		69		258
Realized gain (loss) on investments			1,834		961		137,054		97,923		13,864		17,042		41		30
Change in unrealized gain (loss) on investments			(3,468)		5,069		(11,018)		418,899		(27,145)		36,023		(766)		3,293
Reinvested capital gains			3,086		-		-		-		25,161		10,132		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			1,220		5,792		115,522		506,597		11,837		63,989		(656)		3,581
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,230		2,718		31,651		46,269		(73)		2,406		965		103
Transfers between funds			6		(21)		(45,395)		(9,752)		(47,489)		64,353		-		7,589
Surrenders (note 6)			(1,768)		-		(154,263)		(51,447)		-		(73,080)		-		(14,851)
Death Benefits (note 4)			-		-		(6,296)		(87,585)		-		-		-		-
Net policy repayments (loans) (note 5)			325		327		(19,579)		32,362		217		106		-		-
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(2,560)		(2,582)		(52,330)		(53,144)		(5,336)		(7,371)		(222)		(371)
Asset charges (note 3):
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			-		-		(2,924)		(2,912)		(312)		(466)		(66)		(72)
Adjustments to maintain reserves			31		(15)		131		915		(8)		30		(7)		6
Net equity transactions			(1,736)		427		(249,005)		(125,294)		(53,001)		(14,022)		670		(7,596)
Net change in contract owners’ equity			(516)		6,219		(133,483)		381,303		(41,164)		49,967		14		(4,015)
Contract owners’ equity beginning of period			38,850		32,631		2,048,059		1,666,756		209,332		159,365		19,541		23,556
Contract owners’ equity end of period	$		38,334		38,850		1,914,576		2,048,059		168,168		209,332		19,555		19,541
CHANGES IN UNITS:
Beginning units			1,813		1,601		126,682		134,482		10,511		10,255		1,213		1,723
Units purchased			443		495		4,684		4,045		43		3,503		60		538
Units redeemed			(317)		(283)		(20,339)		(11,845)		(3,036)		(3,247)		(18)		(1,048)
Ending units			1,939		1,813		111,027		126,682		7,518		10,511		1,255		1,213

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		AMMCGS				AMTP				AMRS				AMFAS
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		-		-		18,100		28,500		182		226		(968)		(707)
Realized gain (loss) on investments			74		72		169,765		125,568		375		(869)		14,282		8,879
Change in unrealized gain (loss) on investments			(6,335)		3,183		100,096		604,706		2,166		9,242		(28,143)		49,028
Reinvested capital gains			7,512		-		-		-		666		-		17,565		-
Net increase (decrease) in contract owners’ equity resulting from operations			1,251		3,255		287,961		758,774		3,389		8,599		2,736		57,200
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			226		43		59,008		60,463		-		(13)		5,118		4,277
Transfers between funds			-		12,654		(185,201)		3,590		-		(10,637)		25,858		33,038
Surrenders (note 6)			-		-		(89,727)		(238,961)		-		-		(15,684)		(318)
Death Benefits (note 4)			-		-		(440)		(10,979)		-		-		-		-
Net policy repayments (loans) (note 5)			-		-		2,762		414		-		10,290		1,527		566
Deductions for surrender charges (note 2d)			-		-		(158)		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(374)		(284)		(51,734)		(58,564)		(3,111)		(3,328)		(6,931)		(5,805)
Asset charges (note 3):
MSP contracts			-		-		-		-		-		-		(36)		(92)
SL contracts or LSFP contracts			(56)		(40)		(11,427)		(10,469)		(80)		(88)		(30)		(44)
Adjustments to maintain reserves			(24)		17		235		604		(15)		7		5		20
Net equity transactions			(228)		12,390		(276,682)		(253,902)		(3,206)		(3,769)		9,827		31,642
Net change in contract owners’ equity			1,023		15,645		11,279		504,872		183		4,830		12,563		88,842
Contract owners’ equity beginning of period			17,301		1,656		3,097,535		2,592,663		26,871		22,041		187,124		98,282
Contract owners’ equity end of period	$		18,324		17,301		3,108,814		3,097,535		27,054		26,871		199,687		187,124
CHANGES IN UNITS:
Beginning units			537		68		105,356		114,677		1,376		1,543		9,188		6,998
Units purchased			7		480		2,609		3,225		-		695		2,611		2,577
Units redeemed			(14)		(11)		(11,351)		(12,546)		(156)		(862)		(2,238)		(387)
Ending units			530		537		96,614		105,356		1,220		1,376		9,561		9,188

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

	AMSRS				OVMS				OVB				OVGS
	2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$	(1,034)		1,760		90,621		108,174		171,923		233,713		151,141		118,800
Realized gain (loss) on investments		46,820		41,333		(67,395)		(143,790)		(631,289)		(189,438)		712,615		567,488
Change in unrealized gain (loss) on investments		26,509		144,460		421,874		737,509		741,020		(73,732)		(1,488,890)		2,631,265
Reinvested capital gains		-		-		-		-		-		-		1,046,481		-
Net increase (decrease) in contract owners’ equity resulting from operations		72,295		187,553		445,100		701,893		281,654		(29,457)		421,347		3,317,553
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		23,096		16,901		263,771		288,868		191,913		242,396		399,178		(51)
Transfers between funds		(21,929)		247,886		(28,922)		(32,568)		879,940		88,911		8,743,161		(249,561)
Surrenders (note 6)		(30,666)		(73,198)		(365,960)		(382,217)		(2,441,550)		(379,352)		(1,048,798)		(699,057)
Death Benefits (note 4)		-		-		(172,531)		(219,540)		(25,555)		(88,354)		(159,870)		(121,403)
Net policy repayments (loans) (note 5)		(18,954)		(4,657)		240,361		123,031		50,605		114,290		19,017		(153,825)
Deductions for surrender charges (note 2d)		-		-		-		-		-		(6)		(76)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(30,193)		(24,402)		(341,260)		(365,496)		(255,502)		(293,941)		(766,478)		(497,288)
Asset charges (note 3):
MSP contracts		(149)		(134)		(3,837)		(3,704)		(3,916)		(4,078)		(9,703)		(8,135)
SL contracts or LSFP contracts		(66)		(49)		(473)		(514)		(584)		(777)		(3,087)		(2,213)
Adjustments to maintain reserves		4		1		815		446		628		(46)		626		5,532
Net equity transactions		(78,857)		162,348		(408,036)		(591,694)		(1,604,021)		(320,957)		7,173,970		(1,726,001)
Net change in contract owners’ equity		(6,562)		349,901		37,064		110,199		(1,322,367)		(350,414)		7,595,317		1,591,552
Contract owners’ equity beginning of period		797,846		447,945		6,044,426		5,934,227		4,996,487		5,346,901		14,920,878		13,329,326
Contract owners’ equity end of period	$	791,284		797,846		6,081,490		6,044,426		3,674,120		4,996,487		22,516,195		14,920,878
CHANGES IN UNITS:
Beginning units		31,752		24,432		197,883		225,752		235,134		255,265		269,140		306,647
Units purchased		2,020		12,310		13,074		14,355		12,833		25,973		353,602		2,699
Units redeemed		(5,124)		(4,990)		(27,855)		(42,224)		(79,412)		(46,104)		(244,750)		(40,206)
Ending units		28,648		31,752		183,102		197,883		168,555		235,134		377,992		269,140

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		OVGI				OVSC				OVAG				OVSB
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		5,224		7,675		4,988		5,367		(6,962)		(6,160)		7,519		8,333
Realized gain (loss) on investments			169,193		118,180		185,507		116,200		119,663		50,327		(1,431)		(2,600)
Change in unrealized gain (loss) on investments			(68,824)		185,126		(244,830)		277,309		(78,544)		264,547		(2,005)		(6,763)
Reinvested capital gains			26,193		-		182,782		15,987		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			131,786		310,981		128,447		414,863		34,157		308,714		4,083		(1,030)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			33,144		45,386		32,525		38,067		46,701		56,225		18,421		16,315
Transfers between funds			72,968		5,104		(217,804)		354,744		35,179		(29,293)		51,405		30,691
Surrenders (note 6)			20,127		(188,522)		(84,757)		(94,319)		(66,523)		(64,073)		(24,542)		(26,584)
Death Benefits (note 4)			(57)		-		(5,945)		-		(14,009)		(8,225)		(137)		-
Net policy repayments (loans) (note 5)			(7,506)		72,789		6,549		17,891		13,321		12,671		7,559		5,065
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(46,935)		(52,114)		(51,670)		(56,973)		(86,158)		(101,807)		(11,635)		(10,833)
Asset charges (note 3):
MSP contracts			(2,605)		(2,220)		(763)		(360)		(214)		(270)		(227)		(211)
SL contracts or LSFP contracts			(304)		(259)		(127)		(138)		(172)		(150)		(71)		(124)
Adjustments to maintain reserves			(10)		(7)		(26)		31		(17)		9		(5)		607
Net equity transactions			68,822		(119,843)		(322,018)		258,943		(71,892)		(134,913)		40,768		14,926
Net change in contract owners’ equity			200,608		191,138		(193,571)		673,806		(37,735)		173,801		44,851		13,896
Contract owners’ equity beginning of period			1,262,553		1,071,415		1,527,646		853,840		1,099,907		926,106		179,522		165,626
Contract owners’ equity end of period	$		1,463,161		1,262,553		1,334,075		1,527,646		1,062,172		1,099,907		224,373		179,522
CHANGES IN UNITS:
Beginning units			81,288		90,490		45,529		35,783		123,702		140,680		17,746		16,283
Units purchased			14,290		14,300		3,546		14,918		13,779		9,175		8,400		5,193
Units redeemed			(9,727)		(23,502)		(13,435)		(5,172)		(23,213)		(26,153)		(4,474)		(3,730)
Ending units			85,851		81,288		35,640		45,529		114,268		123,702		21,672		17,746

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		PMVAAA				PMVRSA				PMVFBA				PMVLDA
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		18,206		22,047		(113)		-		5,577		7,328		13,275		22,446
Realized gain (loss) on investments			(19,531)		7,766		(16,970)		-		(36,973)		(8,924)		6,035		11,625
Change in unrealized gain (loss) on investments			4,856		(30,403)		(1,120)		-		26,940		(44,455)		(9,269)		(47,621)
Reinvested capital gains			-		-		-		-		1,004		5,574		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			3,531		(590)		(18,203)		-		(3,452)		(40,477)		10,041		(13,550)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			11,408		9,079		120		-		12,425		14,779		38,732		46,732
Transfers between funds			(276,368)		(235,705)		43,665		-		(155,892)		8,179		(224,608)		(191,000)
Surrenders (note 6)			(12,379)		(2,180)		-		-		(105,800)		(47,383)		(108,798)		(201,525)
Death Benefits (note 4)			-		-		-		-		-		(2,456)		-		(14,743)
Net policy repayments (loans) (note 5)			4,586		2,983		(20,559)		-		60,801		17,395		76,223		(26,268)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(16,116)		(16,811)		(596)		-		(17,417)		(23,602)		(61,666)		(68,231)
Asset charges (note 3):
MSP contracts			-		-		-		-		(46)		(159)		(3,469)		(3,675)
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			1		2		5		-		6		18		(62)		50
Net equity transactions			(288,868)		(242,632)		22,635		-		(205,923)		(33,229)		(283,648)		(458,660)
Net change in contract owners’ equity			(285,337)		(243,222)		4,432		-		(209,375)		(73,706)		(273,607)		(472,210)
Contract owners’ equity beginning of period			498,218		741,440		-		-		550,855		624,561		1,940,996		2,413,206
Contract owners’ equity end of period	$		212,881		498,218		4,432		-		341,480		550,855		1,667,389		1,940,996
CHANGES IN UNITS:
Beginning units			46,752		69,393		-		-		43,871		46,261		159,225		196,950
Units purchased			1,674		3,057		3,298		-		2,322		4,972		11,939		5,988
Units redeemed			(28,432)		(25,698)		(2,700)		-		(18,956)		(7,362)		(35,050)		(43,713)
Ending units			19,994		46,752		598		-		27,237		43,871		136,114		159,225

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		PMVTRA				PVGIB				PVTIGB				PVTVB
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		18,982		23,664		1,011		2,294		989		2,206		1,455		1,079
Realized gain (loss) on investments			(31,016)		(14,554)		6,462		24,534		23,137		9,371		32,264		69,398
Change in unrealized gain (loss) on investments			55,857		(57,331)		10,585		14,624		(43,664)		51,704		(2,663)		92,770
Reinvested capital gains			-		10,958		-		-		-		-		10,149		-
Net increase (decrease) in contract owners’ equity resulting from operations			43,823		(37,263)		18,058		41,452		(19,538)		63,281		41,205		163,247
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			30,373		78,192		6,840		3,693		8,772		18,145		13,183		16,433
Transfers between funds			(157,814)		(22,946)		94,277		15,595		(2,371)		28,733		(36,448)		4,920
Surrenders (note 6)			(77,152)		(153,251)		(4,678)		(10,839)		(3,006)		(9,121)		(14,263)		(31,711)
Death Benefits (note 4)			-		-		-		-		-		-		-		(2,916)
Net policy repayments (loans) (note 5)			(89,300)		(15,671)		(10,847)		177		2,354		(25,091)		(18,106)		7,390
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(44,561)		(65,974)		(9,807)		(8,236)		(14,492)		(14,395)		(20,184)		(20,564)
Asset charges (note 3):
MSP contracts			-		-		(65)		(5)		-		-		(156)		(185)
SL contracts or LSFP contracts			-		-		(9)		(8)		(25)		(24)		(16)		(7)
Adjustments to maintain reserves			(80)		62		16		12		(16)		25		(6)		(2)
Net equity transactions			(338,534)		(179,588)		75,727		389		(8,784)		(1,728)		(75,996)		(26,642)
Net change in contract owners’ equity			(294,711)		(216,851)		93,785		41,841		(28,322)		61,553		(34,791)		136,605
Contract owners’ equity beginning of period			1,250,741		1,467,592		135,373		93,532		301,028		239,475		512,604		375,999
Contract owners’ equity end of period	$		956,030		1,250,741		229,158		135,373		272,706		301,028		477,813		512,604
CHANGES IN UNITS:
Beginning units			116,742		133,615		6,448		6,023		13,833		14,023		22,000		23,071
Units purchased			9,000		12,322		4,432		1,270		824		3,302		783		2,534
Units redeemed			(39,723)		(29,195)		(981)		(845)		(1,139)		(3,492)		(4,011)		(3,605)
Ending units			86,019		116,742		9,899		6,448		13,518		13,833		18,772		22,000

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		ACEG				AVBVI				AVMCCI				RVARS
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(118)		(28)		78		88		(127)		(3)		(35)		(98)
Realized gain (loss) on investments			2,508		190		457		4,198		635		223		2		(579)
Change in unrealized gain (loss) on investments			3,165		4,741		(161)		(700)		(2,838)		148		319		-
Reinvested capital gains			-		-		-		-		3,486		90		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			5,555		4,903		374		3,586		1,156		458		286		(677)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			3,276		569		-		618		996		56		39		20
Transfers between funds			44,634		8,688		(96)		(765)		30,881		1,271		6,417		1,894
Surrenders (note 6)			-		(290)		-		(11,522)		-		-		-		-
Death Benefits (note 4)			-		-		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			497		8		-		-		(691)		-		7		(697)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(5,692)		(1,020)		(1,246)		(1,409)		(2,674)		(549)		(68)		(252)
Asset charges (note 3):
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			(88)		-		(29)		(54)		-		-		-		-
Adjustments to maintain reserves			(5)		8		7		-		(1)		(2)		1		-
Net equity transactions			42,622		7,963		(1,364)		(13,132)		28,511		776		6,396		965
Net change in contract owners’ equity			48,177		12,866		(990)		(9,546)		29,667		1,234		6,682		288
Contract owners’ equity beginning of period			24,712		11,846		6,314		15,860		1,234		-		288		-
Contract owners’ equity end of period	$		72,889		24,712		5,324		6,314		30,901		1,234		6,970		288
CHANGES IN UNITS:
Beginning units			1,827		1,220		306		1,028		96		-		29		-
Units purchased			4,018		698		-		34		2,470		146		650		139
Units redeemed			(894)		(91)		(64)		(756)		(252)		(50)		(7)		(110)
Ending units			4,951		1,827		242		306		2,314		96		672		29

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		TRHS2				TRLT2				VWBF				VWEM
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(23,603)		(16,399)		370		1,241		65,424		26,928		1,301		69,154
Realized gain (loss) on investments			970,334		289,431		(28)		(1,971)		(52,584)		2,635		196,243		421,232
Change in unrealized gain (loss) on investments			(149,737)		853,317		(205)		280		(115,386)		(206,033)		(989,734)		203,931
Reinvested capital gains			393,438		179,068		-		-		121,213		307		741,472		-
Net increase (decrease) in contract owners’ equity resulting from operations			1,190,432		1,305,417		137		(450)		18,667		(176,163)		(50,718)		694,317
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			244,112		208,734		603		2,506		58,674		57,159		111,896		136,751
Transfers between funds			151,727		1,002,068		3,563		(94,252)		27,824		(5,875)		118,911		(184,736)
Surrenders (note 6)			(178,243)		(140,909)		-		(5,045)		(88,551)		(146,944)		(512,594)		(343,293)
Death Benefits (note 4)			(6,584)		(18,691)		-		-		-		(14,447)		(2,187)		(10,734)
Net policy repayments (loans) (note 5)			(84,216)		(63,095)		-		-		19,035		2,887		18,793		(9,018)
Deductions for surrender charges (note 2d)			-		-		-		-		-		(13)		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(237,419)		(159,503)		(317)		(1,728)		(82,342)		(88,212)		(258,352)		(279,821)
Asset charges (note 3):
MSP contracts			(4,462)		(2,964)		-		-		(775)		(916)		(2,264)		(2,156)
SL contracts or LSFP contracts			-		-		(110)		(304)		(131)		(123)		(2,487)		(2,543)
Adjustments to maintain reserves			(9)		(185)		(6)		3		(5)		(40)		(20)		6
Net equity transactions			(115,094)		825,455		3,733		(98,820)		(66,271)		(196,524)		(528,304)		(695,544)
Net change in contract owners’ equity			1,075,338		2,130,872		3,870		(99,270)		(47,604)		(372,687)		(579,022)		(1,227)
Contract owners’ equity beginning of period			4,404,362		2,273,490		33,480		132,750		1,451,379		1,824,066		6,487,105		6,488,332
Contract owners’ equity end of period	$		5,479,700		4,404,362		37,350		33,480		1,403,775		1,451,379		5,908,083		6,487,105
CHANGES IN UNITS:
Beginning units			193,626		149,737		2,608		10,329		61,223		69,088		211,949		236,690
Units purchased			15,835		66,510		324		195		3,886		4,830		13,013		8,511
Units redeemed			(25,038)		(22,621)		(34)		(7,916)		(6,709)		(12,695)		(30,149)		(33,252)
Ending units			184,423		193,626		2,898		2,608		58,400		61,223		194,813		211,949

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		VWHA				WRASP				WRHIP				WRMCG
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(34,729)		10,506		(126)		21,389		33,600		38,365		(1,666)		(1,622)
Realized gain (loss) on investments			181,518		436,069		96,383		173,415		31,266		31,217		42,543		37,783
Change in unrealized gain (loss) on investments			(1,491,763)		123,772		(651,101)		422,205		(50,878)		12,031		(37,476)		36,417
Reinvested capital gains			-		155,183		387,871		-		5,816		-		19,055		7,573
Net increase (decrease) in contract owners’ equity resulting from operations			(1,344,974)		725,530		(166,973)		617,009		19,804		81,613		22,456		80,151
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			187,223		341,414		86,089		103,635		25,988		78,455		8,096		40,508
Transfers between funds			(141,604)		(709,916)		(4,964)		(67,141)		356,958		198,842		(2,559)		80,156
Surrenders (note 6)			(455,290)		(387,359)		(137,408)		(377,357)		(591,950)		(27,362)		(23,350)		(7,569)
Death Benefits (note 4)			(156,068)		(112,542)		(46,326)		(475)		(12)		-		-		-
Net policy repayments (loans) (note 5)			138,669		7,134		68,130		(20,545)		(94,334)		(13,033)		(8,693)		91
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(293,142)		(324,379)		(96,558)		(93,766)		(48,046)		(39,424)		(7,871)		(8,499)
Asset charges (note 3):
MSP contracts			(4,042)		(4,099)		(1,514)		(1,664)		-		-		-		-
SL contracts or LSFP contracts			(803)		(803)		-		-		-		-		-		-
Adjustments to maintain reserves			(2,995)		1,549		6		19		(2)		(3)		(2)		(3)
Net equity transactions			(728,052)		(1,189,001)		(132,545)		(457,294)		(351,398)		197,475		(34,379)		104,684
Net change in contract owners’ equity			(2,073,026)		(463,471)		(299,518)		159,715		(331,594)		279,088		(11,923)		184,835
Contract owners’ equity beginning of period			7,629,688		8,093,159		3,030,516		2,870,801		1,055,212		776,124		355,591		170,756
Contract owners’ equity end of period	$		5,556,662		7,629,688		2,730,998		3,030,516		723,618		1,055,212		343,668		355,591
CHANGES IN UNITS:
Beginning units			145,762		170,000		172,375		203,310		88,301		71,390		27,179		16,870
Units purchased			8,441		7,871		12,585		11,025		3,447		24,578		1,665		11,987
Units redeemed			(21,983)		(32,109)		(20,145)		(41,960)		(32,008)		(7,667)		(4,363)		(1,678)
Ending units			132,220		145,762		164,815		172,375		59,740		88,301		24,481		27,179

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		SVDF				SVOF				WFVSCG				OVGS3
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(6,508)		(6,806)		(8,313)		(6,779)		(2,159)		(2,539)		(15,526)		71,114
Realized gain (loss) on investments			33,188		117,806		83,822		167,730		66,193		18,477		2,806,380		27,698
Change in unrealized gain (loss) on investments			(139,366)		155,594		68,302		244,660		(118,348)		144,923		(2,787,257)		1,866,555
Reinvested capital gains			112,587		26,398		-		-		34,913		27,056		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(99)		292,992		143,811		405,611		(19,401)		187,917		3,597		1,965,367
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			4,313		3,487		19,449		6,902		14,789		14,033		203,857		591,584
Transfers between funds			10,512		81,126		(4,638)		(194,196)		(201,616)		150,842		(9,092,866)		250,902
Surrenders (note 6)			(27,702)		(45,640)		(58,434)		(138,626)		(24,324)		(65,319)		(196,042)		(752,302)
Death Benefits (note 4)			-		(32,371)		-		(122,252)		-		(1,454)		(12,643)		(53,284)
Net policy repayments (loans) (note 5)			72		(17,561)		(2,767)		23,439		12,419		(539)		88,809		247,521
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(17,547)		(17,839)		(50,241)		(49,605)		(19,949)		(22,340)		(157,034)		(471,832)
Asset charges (note 3):
MSP contracts			-		-		-		-		(132)		(58)		(378)		(1,183)
SL contracts or LSFP contracts			(669)		(587)		(2,218)		(2,105)		-		-		(392)		(1,504)
Adjustments to maintain reserves			8		4		1,068		2,815		(5)		(13)		2		25
Net equity transactions			(31,013)		(29,381)		(97,781)		(473,628)		(218,818)		75,152		(9,166,687)		(190,073)
Net change in contract owners’ equity			(31,112)		263,611		46,030		(68,017)		(238,219)		263,069		(9,163,090)		1,775,294
Contract owners’ equity beginning of period			850,864		587,253		1,526,748		1,594,765		601,046		337,977		9,163,090		7,387,796
Contract owners’ equity end of period	$		819,752		850,864		1,572,778		1,526,748		362,827		601,046		-		9,163,090
CHANGES IN UNITS:
Beginning units			23,406		23,267		54,766		80,184		23,802		20,028		463,067		473,187
Units purchased			1,028		4,244		875		888		1,553		9,269		16,621		74,808
Units redeemed			(1,734)		(4,105)		(3,408)		(26,306)		(10,642)		(5,495)		(479,688)		(84,928)
Ending units			22,700		23,406		52,233		54,766		14,713		23,802		-		463,067

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		FTVDM3				TIF3				FTVGI3				HIBF3
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		(1,638)		16,939		(2,400)		20,890		(3,671)		106,604		27,758		86,851
Realized gain (loss) on investments			(32,075)		19,441		289,158		75,602		(27,371)		89,230		16,907		27,491
Change in unrealized gain (loss) on investments			3,257		(62,224)		(254,632)		155,443		50,171		(185,287)		(1,703)		(19,608)
Reinvested capital gains			-		-		-		-		-		31,051		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(30,456)		(25,844)		32,126		251,935		19,129		41,598		42,962		94,734
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			9,103		34,026		13,018		42,997		29,425		104,367		29,427		68,783
Transfers between funds			(1,017,316)		(59,903)		(1,432,504)		311,213		(2,345,317)		47,849		(1,472,263)		(318,305)
Surrenders (note 6)			(6,091)		(57,451)		(101,021)		(59,862)		(12,913)		(932,275)		(12,367)		(59,191)
Death Benefits (note 4)			(1,608)		(2,885)		-		(2,908)		(46,892)		(16,264)		-		(1,402)
Net policy repayments (loans) (note 5)			4,184		(19,937)		(1,712)		(4,878)		45,915		(35,035)		813		795
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(15,917)		(54,485)		(13,813)		(40,927)		(34,703)		(112,252)		(21,156)		(74,583)
Asset charges (note 3):
MSP contracts			(87)		(252)		(67)		(193)		(497)		(1,633)		(584)		(1,676)
SL contracts or LSFP contracts			(69)		(376)		(69)		(214)		(103)		(340)		(75)		(227)
Adjustments to maintain reserves			(22)		20		(16)		16		(6)		7		1		(5)
Net equity transactions			(1,027,823)		(161,243)		(1,536,184)		245,244		(2,365,091)		(945,576)		(1,476,204)		(385,811)
Net change in contract owners’ equity			(1,058,279)		(187,087)		(1,504,058)		497,179		(2,345,962)		(903,978)		(1,433,242)		(291,077)
Contract owners’ equity beginning of period			1,058,279		1,245,366		1,504,058		1,006,879		2,345,962		3,249,940		1,433,242		1,724,319
Contract owners’ equity end of period	$		-		1,058,279		-		1,504,058		-		2,345,962		-		1,433,242
CHANGES IN UNITS:
Beginning units			57,765		66,989		86,109		70,559		118,045		165,597		81,707		104,831
Units purchased			832		3,621		963		23,870		1,735		13,142		1,747		6,166
Units redeemed			(58,597)		(12,845)		(87,072)		(8,320)		(119,780)		(60,694)		(83,454)		(29,290)
Ending units			-		57,765		-		86,109		-		118,045		-		81,707

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		GEM3				GIG3				GVIX6				NVMIG3
		2014		2013		2014		2013		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		7,366		17,263		74,433		686		5,773		10,965		43,594		30,255
Realized gain (loss) on investments			(16,679)		117,111		1,134,426		112,609		82,822		(1,031)		1,554,038		173,124
Change in unrealized gain (loss) on investments			(70,685)		(128,871)		(1,140,603)		479,592		(85,971)		84,747		(1,557,674)		621,335
Reinvested capital gains			-		-		-		-		-		-		-		-
Net increase (decrease) in contract owners’ equity resulting from operations			(79,998)		5,503		68,256		592,887		2,624		94,681		39,958		824,714
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			34,994		126,352		45,318		160,937		1,214		5,825		52,121		189,068
Transfers between funds			(2,338,290)		(40,145)		(3,890,527)		(169)		(490,334)		2,118		(4,532,686)		(76,977)
Surrenders (note 6)			(29,568)		(136,342)		(38,028)		(239,771)		(2,323)		(123,937)		(119,696)		(336,669)
Death Benefits (note 4)			(7,835)		(6,284)		(5,439)		(44,922)		-		(9,128)		(1,471)		(38,466)
Net policy repayments (loans) (note 5)			31,344		(3,241)		(14,643)		17,429		(14,452)		(2,097)		17,058		82,520
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		(3)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(39,751)		(134,109)		(54,447)		(175,963)		(4,076)		(14,123)		(69,946)		(229,297)
Asset charges (note 3):
MSP contracts			(184)		(1,358)		(809)		(2,365)		(456)		(1,245)		(572)		(1,579)
SL contracts or LSFP contracts			(254)		(1,004)		-		-		-		-		-		-
Adjustments to maintain reserves			(7)		11		(10)		16		(7)		2		(2)		6
Net equity transactions			(2,349,551)		(196,120)		(3,958,585)		(284,808)		(510,434)		(142,585)		(4,655,194)		(411,397)
Net change in contract owners’ equity			(2,429,549)		(190,617)		(3,890,329)		308,079		(507,810)		(47,904)		(4,615,236)		413,317
Contract owners’ equity beginning of period			2,429,549		2,620,166		3,890,329		3,582,250		507,810		555,714		4,615,236		4,201,919
Contract owners’ equity end of period	$		-		2,429,549		-		3,890,329		-		507,810		-		4,615,236
CHANGES IN UNITS:
Beginning units			129,754		140,359		402,159		434,159		44,038		58,370		385,573		423,936
Units purchased			3,585		10,866		6,868		35,748		145		2,539		7,044		28,101
Units redeemed			(133,339)		(21,471)		(409,027)		(67,748)		(44,183)		(16,871)		(392,617)		(66,464)
Ending units			-		129,754		-		402,159		-		44,038		-		385,573

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2014 and 2013

		GVDIV3				ACVVS1
		2014		2013		2014		2013
Investment activity:
Net investment income (loss)	$		10,729		8,419		-		-
Realized gain (loss) on investments			64,642		12,972		12,529		502
Change in unrealized gain (loss) on investments			(79,573)		65,341		(18,971)		10,856
Reinvested capital gains			-		-		5,224		-
Net increase (decrease) in contract owners’ equity resulting from operations			(4,202)		86,732		(1,218)		11,358
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			13,030		28,588		(19,303)		-
Transfers between funds			(462,717)		9,810		(31,559)		-
Surrenders (note 6)			(2,901)		(57,613)		-		-
Death Benefits (note 4)			(22,688)		-		-		-
Net policy repayments (loans) (note 5)			(4,849)		(2,892)		-		-
Deductions for surrender charges (note 2d)			-		-		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(9,062)		(27,505)		3,260		(964)
Asset charges (note 3):
MSP contracts			(43)		(253)		-		-
SL contracts or LSFP contracts			(71)		(205)		488		(159)
Adjustments to maintain reserves			(12)		5		-		(3)
Net equity transactions			(489,313)		(50,065)		(47,114)		(1,126)
Net change in contract owners’ equity			(493,515)		36,667		(48,332)		10,232
Contract owners’ equity beginning of period			493,515		456,848		48,332		38,100
Contract owners’ equity end of period	$		-		493,515		-		48,332
CHANGES IN UNITS:
Beginning units			40,107		44,955		2,561		2,628
Units purchased			1,499		6,049		-		-
Units redeemed			(41,606)		(10,897)		(2,561)		(67)
Ending units			-		40,107		-		2,561

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2014

(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 Account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services – Investment Companies. The Company offers 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)

DELAWARE GROUP

VIP Small Cap Value Series: Service Class (DWVSVS)

DREYFUS CORPORATION

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

Socially Responsible Growth Fund Inc - Initial Shares (DSRG)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

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

INVESCO INVESTMENTS

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

Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)

JANUS FUNDS

Balanced Portfolio: Service Shares (JABS)

Forty Portfolio: Service Shares (JACAS)

Global Technology Portfolio: Service Shares (JAGTS)

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

NVIT International Index Fund Class I (NVIX)

NVIT Bond Index Fund Class I (NVBX)

NVIT Cardinal Managed Growth Class I (NCPG)*

NVIT Cardinal Managed Growth and Income Class I (NCPGI)*

NVIT Investor Destinations Managed Growth Class I (IDPG)*

NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)*

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)

NVIT Emerging Markets Fund - Class I (GEM)

NVIT International Equity Fund - Class I (GIG)

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 II (GVIX2)

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 I (NVMIG1)

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

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

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

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

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)

Invesco NVIT Comstock Value Fund - Class I (EIF)

NVIT Real Estate Fund - Class I (NVRE1)

Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)

Loring Ward NVIT Moderate Fund - Class P (NVLMP)*

NVIT Small Cap Index Fund Class II (NVSIX2)

NVIT S&P 500 Index Fund Class I (GVEX1)

NORTHERN LIGHTS

TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)*

TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)

TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3)*

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)

VP Capital Appreciation Fund - Class I (ACVCA)

VP Income & Growth Fund - Class I (ACVIG)

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)*

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

Managed Tail Risk 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(R) 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 TRUST

Franklin Income Securities Fund - Class 2 (FTVIS2)

Rising Dividends Securities Fund - Class 1 (FTVRDI)

Small Cap Value Securities Fund - Class 1 (FTVSVI)

Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)

Templeton Foreign Securities Fund - Class 1 (TIF)

Templeton Foreign Securities Fund - Class 2 (TIF2)

Templeton Global Bond Securities Fund - Class 2 (FTVGI2)

VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)

PORTFOLIOS OF THE NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST

Short Duration Bond Portfolio - I 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

Capital Income 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 - Non-Service Shares (OVGS)

International Growth Fund/VA - Non-Service Shares (OVIG)*

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

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

Discovery 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

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2014

All Asset Portfolio - Administrative Class (PMVAAA)

CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)

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

VT Growth & Income Fund: Class IB (PVGIB)

VT International Equity Fund: Class IB (PVTIGB)

VT Voyager Fund: Class IB (PVTVB)

PORTFOLIOS OF THE INVESCO INVESTMENTS TRUST

VI American Franchise Fund - Series I Shares (ACEG)

VI Value Opportunities Fund - Series I Shares (AVBVI)

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

GUGGENHEIM INVESTMENTS

Variable Fund - Multi-Hedge Strategies (RVARS)

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 - Unconstrained Emerging Markets 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, 2014, contract owners were not invested in this fund.

The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain 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, 2014 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

On January 1, 2014, the Company adopted Accounting Standards Update (ASU) 2013-08, which amends existing guidance in ASC 946, Financial Services – Investment Companies. The amended guidance modifies the definition of investment companies and requires new disclosures around the status of investment companies. In addition, the guidance requires an investment company to measure its noncontrolling interests in another investment company at fair value rather than the equity method of accounting. The adoption of this guidance resulted in increased disclosures only and had no impact on the Account’s financial statements.

(g) Subsequent Events

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

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2014

(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 premium load charge that will not exceed 6%. The 6% is comprised of a charge for premium taxes that ranges from 2.50% to 3.50% of each premium payment and a charge for the sales load that ranges from 2.50% to 3.50% 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 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, 2014 and 2013, total front-end sales charge deductions were $1,490,768 and $1,607,903, respectively and were recognized as a reduction of purchase payments on the Statements 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.

(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 variable account charges by contract type for those charges that are assessed through a reduction in the unit value for the period ended December 31, 2014:

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2014

	Total		ALVDAA		MLVGA2		DWVSVS		DSIF
Single Premium issue prior to April 16, 1990	$	3,392		-		-		-		-
Single Premium issue after to April 16, 1990		429,519		-		-		-		19,322
Multiple Payment and Flexible Premium contracts		3,082,480		33		16,261		1,222		202,439
Variable Executive Life		13,254		-		32		-		823
Total	$	3,528,645		33		16,293		1,222		222,584
	DSRG		GVGMNS		IVKMG1		IVBRA1		JABS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		1,646		-		-		-		-
Multiple Payment and Flexible Premium contracts		40,660		119		1,045		272		7,125
Variable Executive Life		-		-		-		-		-
Total		42,306		119		1,045		272		7,125
	JACAS		JAGTS		JAIGS		MIGIC		MNDIC
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		3,026		2,398		3,752		-		-
Multiple Payment and Flexible Premium contracts		15,458		6,599		18,320		1,062		1,504
Variable Executive Life		-		33		17		-		-
Total		18,484		9,030		22,089		1,062		1,504
	MVFIC		MSVFI		MSEM		MSVRE		NVIX
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		1,035		10,317		-
Multiple Payment and Flexible Premium contracts		9,573		1,328		4,578		4		13
Variable Executive Life		-		-		-		-		-
Total		9,573		1,328		5,613		10,321		13
	NVBX		NVAMV1		GVAAA2		GVABD2		GVAGG2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		7,170		-		-		-
Multiple Payment and Flexible Premium contracts		44		32,512		10,472		4,314		8,404
Variable Executive Life		-		330		-		-		-
Total		44		40,012		10,472		4,314		8,404
	GVAGR2		GVAGI2		HIBF		GEM		GIG
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		3,906		255
Multiple Payment and Flexible Premium contracts		9,286		5,502		3,988		9,549		16,253
Variable Executive Life		22		-		-		26		64
Total		9,308		5,502		3,988		13,481		16,572
	NVNMO1		NVNSR1		NVCRA1		NVCRB1		NVCCA1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		589		-		-		-		-
Multiple Payment and Flexible Premium contracts		75,214		711		1,920		2,264		3,951
Variable Executive Life		267		-		-		-		-
Total		76,070		711		1,920		2,264		3,951
	NVCCN1		NVCMD1		NVCMA1		NVCMC1		NVCBD1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		2,257
Multiple Payment and Flexible Premium contracts		5,443		6,260		3,988		886		1,751
Variable Executive Life		-		-		-		-		-
Total		5,443		6,260		3,988		886		4,008
	NVLCP1		TRF		GBF		CAF		GVIX2
Single Premium issue prior to April 16, 1990		-		186		214		-		-
Single Premium issue after to April 16, 1990		-		11,992		5,589		4,637		-
Multiple Payment and Flexible Premium contracts		1,138		292,449		26,405		76,341		1,270
Variable Executive Life		-		1,036		-		138		-
Total		1,138		305,663		32,208		81,116		1,270
	GVIDA		NVDBL2		NVDCA2		GVIDC		GVIDM
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		157		-		-		1,697		2,475
Multiple Payment and Flexible Premium contracts		12,436		643		869		2,077		16,455
Variable Executive Life		-		-		-		-		-
Total		12,593		643		869		3,774		18,930
	GVDMA		GVDMC		MCIF		SAM		NVMIG1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		3,802		3,951		6,143		27,224		1,295
Multiple Payment and Flexible Premium contracts		23,260		15,661		25,134		72,674		15,383
Variable Executive Life		142		-		120		806		-
Total		27,204		19,612		31,397		100,704		16,678
	GVDIVI		NVMLG1		NVMLV1		NVMMG1		NVMMV2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		1,450		184		1,608		1,005
Multiple Payment and Flexible Premium contracts		2,045		8,659		6,460		163,132		126,558
Variable Executive Life		-		-		-		317		-
Total		2,045		10,109		6,644		165,057		127,563

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2014

	SCGF		SCVF		SCF		MSBF		NVSTB2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		4,573		3,221		4,264		3,019		-
Multiple Payment and Flexible Premium contracts		5,492		21,633		85,779		4,533		2,985
Variable Executive Life		22		62		1,321		-		-
Total		10,087		24,916		91,364		7,552		2,985
	NVOLG1		NVTIV3		EIF		NVRE1		NVLCAP
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		20,450		-		-		5,145		-
Multiple Payment and Flexible Premium contracts		242,128		942		4,259		44,256		15
Variable Executive Life		1,273		-		-		186		-
Total		263,851		942		4,259		49,587		15
	NVSIX2		GVEX1		NOTG3		ALVGIA		ALVSVA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		456		5,835		18		2,426		6,535
Variable Executive Life		-		-		-		-		-
Total		456		5,835		18		2,426		6,535
	ACVB		ACVCA		ACVIG		ACVIP2		ACVI
Single Premium issue prior to April 16, 1990		-		196		-		-		-
Single Premium issue after to April 16, 1990		12,807		13,964		6,578		-		2,898
Multiple Payment and Flexible Premium contracts		21,047		204		7,913		5,281		132
Variable Executive Life		-		-		-		106		-
Total		33,854		14,364		14,491		5,387		3,030
	ACVMV1		ACVU1		DVSCS		DCAP		DSC
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		1,586		3,839		4,521		-
Multiple Payment and Flexible Premium contracts		9,371		7		7,791		19,326		1,939
Variable Executive Life		-		-		-		-		-
Total		9,371		1,593		11,630		23,847		1,939
	DGI		FVCA2P		FQB		FEIP		FHIP
Single Premium issue prior to April 16, 1990		-		-		-		591		73
Single Premium issue after to April 16, 1990		1,032		-		3,829		34,992		9,969
Multiple Payment and Flexible Premium contracts		6,694		434		4,729		202,930		28,532
Variable Executive Life		18		-		-		1,634		229
Total		7,744		434		8,558		240,147		38,803
	FAMP		FNRS2		FF10S		FF20S		FF30S
Single Premium issue prior to April 16, 1990		283		-		-		-		-
Single Premium issue after to April 16, 1990		20,908		-		-		-		-
Multiple Payment and Flexible Premium contracts		55,456		14,919		1,902		5,997		7,061
Variable Executive Life		47		-		-		-		-
Total		76,694		14,919		1,902		5,997		7,061
	FGP		FHIPR		FIGBS		FMCS		FOP
Single Premium issue prior to April 16, 1990		1,085		-		-		-		72
Single Premium issue after to April 16, 1990		42,489		-		-		-		11,322
Multiple Payment and Flexible Premium contracts		301,677		20,050		11,428		42,383		24,013
Variable Executive Life		2,486		48		29		1		24
Total		347,737		20,098		11,457		42,384		35,431
	FOSR		FVSS		FTVIS2		FTVRDI		FTVSVI
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		2,195		-		-		-
Multiple Payment and Flexible Premium contracts		21,395		4,144		9,869		23,087		16,431
Variable Executive Life		81		-		34		-		-
Total		21,476		6,339		9,903		23,087		16,431
	FTVDM2		TIF		TIF2		FTVGI2		FTVFA2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		3,296		916		5,019		7,628		765
Variable Executive Life		-		-		-		70		-
Total		3,296		916		5,019		7,698		765
	AMTB		AMBP		AMTG		AMGP		AMTP
Single Premium issue prior to April 16, 1990		39		-		457		-		-
Single Premium issue after to April 16, 1990		8,850		-		9,894		759		5,147
Multiple Payment and Flexible Premium contracts		6,768		232		163		-		22
Variable Executive Life		69		-		-		-		-
Total		15,726		232		10,514		759		5,169
	AMFAS		AMSRS		OVMS		OVB		OVGS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		6,125		4,426		10,080
Multiple Payment and Flexible Premium contracts		939		3,939		28,255		16,850		94,279
Variable Executive Life		29		-		7		-		1,006
Total		968		3,939		34,387		21,276		105,365

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2014

	OVGI		OVSC		OVAG		OVSB		PMVAAA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		715		-		2,203		-		-
Multiple Payment and Flexible Premium contracts		4,897		6,389		4,759		851		2,683
Variable Executive Life		-		-		-		-		-
Total		5,612		6,389		6,962		851		2,683
	PMVRSA		PMVFBA		PMVLDA		PMVTRA		PVGIB
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		180		1,805		7,869		6,146		821
Variable Executive Life		-		-		-		-		-
Total		180		1,805		7,869		6,146		821
	PVTIGB		PVTVB		ACEG		AVMCCI		RVARS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		1,445		2,501		147		139		35
Variable Executive Life		-		-		-		-		-
Total		1,445		2,501		147		139		35
	TRHS2		VWBF		VWEM		VWHA		WRASP
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		5,427		6,306		11,199		-
Multiple Payment and Flexible Premium contracts		23,603		4,940		24,850		30,275		14,759
Variable Executive Life		-		52		22		23		-
Total		23,603		10,419		31,178		41,497		14,759
	WRHIP		WRMCG		SVDF		SVOF		WFVSCG
Single Premium issue prior to April 16, 1990		-		-		-		196		-
Single Premium issue after to April 16, 1990		-		-		6,508		8,879		-
Multiple Payment and Flexible Premium contracts		4,953		1,666		-		96		2,159
Variable Executive Life		-		-		-		-		-
Total		4,953		1,666		6,508		9,171		2,159
	OVGS3		FTVDM3		TIF3		FTVGI3		HIBF3
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		15,399		1,638		2,400		3,637		1,791
Variable Executive Life		127		-		-		34		-
Total		15,526		1,638		2,400		3,671		1,791
	GEM3		GIG3		GVIX6		NVMIG3		GVDIV3
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		518		-
Multiple Payment and Flexible Premium contracts		3,295		6,103		509		7,199		660
Variable Executive Life		12		29		-		-		-
Total		3,307		6,132		509		7,717		660

(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, 2014 and 2013, total transfers into the Account from the fixed account were $22,368,333 and $22,301,983, respectively, and total transfers from the Account to the fixed account were $26,183,509 and $22,275,279, 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.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

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, 2014.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2014:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	659,479,045	$	-	$	-	$	659,479,045

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2014 are as follows:

	Purchases of Investments		Sales of Investments
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)	$	3,796	$	7,811
Global Allocation V.I. Fund - Class II (MLVGA2)		735,316		973,449
VIP Small Cap Value Series: Service Class (DWVSVS)		413,414		42,409
Stock Index Fund, Inc. - Initial Shares (DSIF)		1,967,948		5,425,035
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)		776,030		656,192
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)		1,162		1,304
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)		8,193		18,445
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)		220,498		120,094
Balanced Portfolio: Service Shares (JABS)		396,183		347,102
Forty Portfolio: Service Shares (JACAS)		1,680,905		1,148,131
Global Technology Portfolio: Service Shares (JAGTS)		751,746		1,010,518
Overseas Portfolio: Service Shares (JAIGS)		1,031,854		1,378,243
Investors Growth Stock Series - Initial Class (MIGIC)		33,094		19,892
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)		288,790		373,907
Value Series - Initial Class (MVFIC)		1,034,230		416,574
Core Plus Fixed Income Portfolio - Class I (MSVFI)		225,647		211,792
Emerging Markets Debt Portfolio - Class I (MSEM)		117,138		435,478
U.S. Real Estate Portfolio - Class I (MSVRE)		424,333		396,633
NVIT International Index Fund Class I (NVIX)		4,530		25
NVIT Bond Index Fund Class I (NVBX)		43,827		165
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)		1,463,509		1,164,436
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)		881,741		371,573
American Funds NVIT Bond Fund - Class II (GVABD2)		41,076		150,850
American Funds NVIT Global Growth Fund - Class II (GVAGG2)		269,021		376,954
American Funds NVIT Growth Fund - Class II (GVAGR2)		112,058		383,808
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)		505,828		449,301
Federated NVIT High Income Bond Fund - Class I (HIBF)		1,433,741		162,304
NVIT Emerging Markets Fund - Class I (GEM)		2,409,013		403,740
NVIT International Equity Fund - Class I (GIG)		4,404,164		567,746
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)		3,020,307		2,332,605
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)		23,399		33,317
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)		36,343		48,352
NVIT Cardinal Balanced Fund - Class I (NVCRB1)		31,654		67,222
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)		313,930		331,457
NVIT Cardinal Conservative Fund - Class I (NVCCN1)		63,142		1,493,837
NVIT Cardinal Moderate Fund - Class I (NVCMD1)		100,214		90,347
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)		145,690		57,619
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)		54,649		85,999
NVIT Core Bond Fund - Class I (NVCBD1)		47,090		107,626
NVIT Core Plus Bond Fund - Class I (NVLCP1)		587,247		546,586
NVIT Nationwide Fund - Class I (TRF)		833,658		4,779,163
NVIT Government Bond Fund - Class I (GBF)		307,615		906,103
American Century NVIT Growth Fund - Class I (CAF)		104,485		1,358,051
NVIT International Index Fund - Class II (GVIX2)		583,857		136,728
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)		117,190		394,448
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)		270,726		21,082
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)		382,809		405,954
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)		204,589		223,337
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)		223,125		790,311
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)		435,045		643,478
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)		398,280		153,297
NVIT Mid Cap Index Fund - Class I (MCIF)		803,690		879,979
NVIT Money Market Fund - Class I (SAM)		10,979,353		11,517,687
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)		6,798,793		2,073,726
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)		512,925		81,352
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)		995,139		919,461
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)		643,474		757,727
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)		4,159,900		3,304,660
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)		6,055,534		3,248,870
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)		509,100		962,059

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)	$	1,279,373	$	1,653,535
NVIT Multi-Manager Small Company Fund - Class I (SCF)		3,145,132		3,326,602
NVIT Multi-Sector Bond Fund - Class I (MSBF)		265,434		581,637
NVIT Short Term Bond Fund - Class II (NVSTB2)		457,252		464,539
NVIT Large Cap Growth Fund - Class I (NVOLG1)		6,606,129		5,945,130
Templeton NVIT International Value Fund - Class III (NVTIV3)		40,030		16,075
Invesco NVIT Comstock Value Fund - Class I (EIF)		263,093		226,892
NVIT Real Estate Fund - Class I (NVRE1)		5,170,304		1,833,957
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)		8,794		1,054
NVIT Small Cap Index Fund Class II (NVSIX2)		89,845		74,267
NVIT S&P 500 Index Fund Class I (GVEX1)		2,284,340		1,180,392
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)		24		105
VPS Growth and Income Portfolio - Class A (ALVGIA)		82,575		485,435
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)		448,362		237,231
VP Balanced Fund - Class I (ACVB)		2,059,095		965,560
VP Capital Appreciation Fund - Class I (ACVCA)		620,563		344,013
VP Income & Growth Fund - Class I (ACVIG)		679,393		881,543
VP Inflation Protection Fund - Class II (ACVIP2)		143,373		346,293
VP International Fund - Class I (ACVI)		9,912		109,152
VP International Fund - Class III (ACVI3)		12,322		32,243
VP Mid Cap Value Fund - Class I (ACVMV1)		782,112		682,487
VP Ultra(R) Fund - Class I (ACVU1)		223,072		186,367
VP Value Fund - Class I (ACVV)		1,046		1,043
Small Cap Stock Index Portfolio - Service Shares (DVSCS)		783,731		1,163,501
Appreciation Portfolio - Initial Shares (DCAP)		596,544		896,704
Opportunistic Small Cap Portfolio: Initial Shares (DSC)		64,843		363,299
Growth and Income Portfolio - Initial Shares (DGI)		270,671		419,711
Managed Tail Risk Fund II: Primary Shares (FVCA2P)		51,841		17,684
Quality Bond Fund II - Primary Shares (FQB)		113,963		420,952
Equity-Income Portfolio - Initial Class (FEIP)		3,329,003		6,717,246
High Income Portfolio - Initial Class (FHIP)		984,397		2,018,930
VIP Asset Manager Portfolio - Initial Class (FAMP)		1,246,215		1,384,531
VIP Energy Portfolio - Service Class 2 (FNRS2)		1,013,616		959,960
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)		96,014		55,010
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)		141,857		106,290
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)		179,146		223,915
VIP Growth Portfolio - Initial Class (FGP)		1,026,783		6,157,320
VIP High Income Portfolio - Initial Class R (FHIPR)		540,693		409,214
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)		340,597		1,710,795
VIP Mid Cap Portfolio - Service Class (FMCS)		674,871		948,664
VIP Overseas Portfolio - Initial Class (FOP)		315,186		1,115,511
VIP Overseas Portfolio - Service Class R (FOSR)		446,562		705,777
VIP Value Strategies Portfolio - Service Class (FVSS)		177,882		412,533
Franklin Income Securities Fund - Class 2 (FTVIS2)		694,462		678,979
Rising Dividends Securities Fund - Class 1 (FTVRDI)		1,362,413		1,618,865
Small Cap Value Securities Fund - Class 1 (FTVSVI)		322,581		1,006,208
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)		1,078,091		112,093
Templeton Foreign Securities Fund - Class 1 (TIF)		3,601		34,026
Templeton Foreign Securities Fund - Class 2 (TIF2)		1,709,180		180,846
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)		2,788,959		334,612
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)		197,949		141,562
Short Duration Bond Portfolio - I Class Shares (AMTB)		543,688		607,607
Balanced Portfolio - I Class Shares (AMBP)		5,137		4,050
Growth Portfolio - I Class Shares (AMTG)		32,216		291,853
Guardian Portfolio - I Class Shares (AMGP)		36,159		64,033
International Portfolio - S Class Shares (AMINS)		1,034		288
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)		7,738		430
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		66,414		325,218
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)		848		3,191
Small-Cap Growth Portfolio - S Class Shares (AMFAS)		74,077		47,658
Socially Responsive Portfolio - I Class Shares (AMSRS)		28,421		108,314
Capital Income Fund/VA - Non-Service Shares (OVMS)		165,229		483,437
Core Bond Fund/VA - Non-Service Shares (OVB)		442,182		1,874,587
Global Securities Fund/VA - Non-Service Shares (OVGS)		10,614,663		2,243,490
Main Street Fund(R)/VA - Non-Service Shares (OVGI)		512,784		412,534
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)		401,867		536,090
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)		255,959		334,796
Global Strategic Income Fund/VA: Non-service Shares (OVSB)		86,579		38,288
All Asset Portfolio - Administrative Class (PMVAAA)		233,321		503,984
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)		434,479		411,962
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)		90,841		290,191
Low Duration Portfolio - Administrative Class (PMVLDA)		264,208		534,529
Total Return Portfolio - Administrative Class (PMVTRA)		552,499		871,976
VT Growth & Income Fund: Class IB (PVGIB)		101,772		25,050
VT International Equity Fund: Class IB (PVTIGB)		65,793		73,571
VT Voyager Fund: Class IB (PVTVB)		44,554		108,940
VI American Franchise Fund - Series I Shares (ACEG)		52,365		9,856
VI Value Opportunities Fund - Series I Shares (AVBVI)		175		1,468
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)		46,929		15,058
Variable Fund - Multi-Hedge Strategies (RVARS)		6,462		102
Health Sciences Portfolio - II (TRHS2)		2,953,133		2,698,374
Limited-Term Bond Portfolio - II (TRLT2)		5,528		1,419
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)		379,142		258,770
VIP Trust Emerging Markets Fund - Initial Class (VWEM)		1,161,488		946,993
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)		686,972		1,446,627
Variable Insurance Portfolios - Asset Strategy (WRASP)		707,494		452,297
Variable Insurance Portfolios - High Income (WRHIP)		1,307,952		1,619,930
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)		858,641		875,630
Advantage VT Discovery Fund (SVDF)		187,595		112,536

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

Advantage VT Opportunity Fund - Class 2 (SVOF)	$	88,125	$	195,200
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)		103,436		289,495
Global Securities Fund/VA - Class 3 (obsolete) (OVGS3)		135,857		9,318,051
Templeton Developing Markets Securities Fund - Class 3 (obsolete) (FTVDM3)		9,945		1,039,385
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3)		231,721		1,770,289
Templeton Global Bond Securities Fund - Class 3 (obsolete) (FTVGI3)		121,741		2,490,496
Federated NVIT High Income Bond Fund - Class III (obsolete) (HIBF3)		64,366		1,512,813
NVIT Emerging Markets Fund - Class III (obsolete) (GEM3)		94,894		2,437,076
NVIT International Equity Fund - Class III (obsolete) (GIG3)		98,913		3,983,050
NVIT International Index Fund - Class VI (obsolete) (GVIX6)		108,533		613,186
NVIT Multi-Manager International Growth Fund - Class III (obsolete) (NVMIG3)		72,515		4,684,106
NVIT Multi-Manager International Value Fund - Class III (obsolete) (GVDIV3)		40,948		519,519
VP Vista(SM) Fund - Class I (obsolete) (ACVVS1)		5,224		47,114
	$	131,237,519	$	153,191,548

(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, 2014, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2014. Total return and investment income ratio for periods with no ending contract owners’ equity were considered to be irrelevant, and therefore are not presented.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	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)
2014		0.80%		77	$	11.774902	$	907		0.83%		3.62%
2013		0.50%		441		11.420733		5,037		0.37%		11.75%
2012		0.50%		443		10.220316		4,528		0.14%		2.20%		5/1/2012
Global Allocation V.I. Fund - Class II (MLVGA2)
2014		0.00%		25,752		16.596941		427,404		1.93%		1.97%
2014		0.50%		146,627		16.133287		2,365,575		1.93%		1.46%
2014		0.80%		23,844		15.861324		378,197		1.93%		1.15%
2013		0.00%		23,846		16.276845		388,138		1.06%		14.55%
2013		0.50%		178,617		15.901450		2,840,269		1.06%		13.98%
2013		0.80%		27,516		15.680379		431,461		1.06%		13.64%
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%
VIP Small Cap Value Series: Service Class (DWVSVS)
2014		0.50%		32,764		12.927139		423,545		0.21%		5.09%
2014		0.80%		61		12.862623		785		0.21%		4.78%
2013		0.50%		4,856		12.300808		59,733		0.00%		23.01%		5/1/2013
2013		0.80%		3		12.276201		37		0.00%		22.76%		5/1/2013
Stock Index Fund, Inc. - Initial Shares (DSIF)
2014		0.00%		183,537		42.414675		7,784,662		1.74%		13.42%
2014		0.50%		554,113		56.063662		31,065,604		1.74%		12.86%
2014		0.80%		121,371		53.663940		6,513,246		1.74%		12.52%
2014		1.00%		127,230		15.855736		2,017,325		1.74%		12.30%
2013		0.00%		211,211		37.394784		7,898,190		1.83%		32.03%
2013		0.50%		592,197		49.676048		29,418,007		1.83%		31.37%
2013		0.80%		147,183		47.692575		7,019,536		1.83%		30.98%
2013		1.00%		140,164		14.119622		1,979,063		1.83%		30.71%
2013		1.30%		15		43.100987		647		1.83%		30.32%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)
2014		0.00%		16,199	$	33.479090	$	542,328		1.06%		13.45%
2014		0.50%		97,660		46.917703		4,581,983		1.06%		12.89%
2014		0.80%		53,200		44.908354		2,389,124		1.06%		12.55%
2014		1.00%		15,685		11.793744		184,985		1.06%		12.32%
2013		0.00%		17,865		29.509325		527,184		1.24%		34.34%
2013		0.50%		97,257		41.561726		4,042,169		1.24%		33.67%
2013		0.80%		62,939		39.901274		2,511,346		1.24%		33.27%
2013		1.00%		15,129		10.499772		158,851		1.24%		33.01%
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%
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
2014		0.50%		523		12.012319		6,282		0.04%		3.43%
2014		0.80%		947		11.916637		11,285		0.04%		3.12%
2013		0.50%		527		11.614308		6,121		0.08%		13.00%
2013		0.80%		959		11.556408		11,083		0.08%		12.66%
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)
2014		0.00%		2,351		14.547427		34,201		0.00%		8.04%
2014		0.50%		10,579		14.353979		151,851		0.00%		7.50%
2014		0.80%		2,587		14.239161		36,837		0.00%		7.18%
2013		0.00%		2,463		13.465170		33,165		0.41%		37.01%
2013		0.50%		10,788		13.352737		144,049		0.41%		36.33%
2013		0.80%		2,919		13.285742		38,781		0.41%		35.92%
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
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
2014		0.50%		8,480		10.280010		87,174		0.00%		2.80%		5/1/2014
2014		0.80%		833		10.259413		8,546		0.00%		2.59%		5/1/2014
Balanced Portfolio: Service Shares (JABS)
2014		0.00%		6,247		26.596035		166,145		1.53%		8.24%
2014		0.50%		54,289		25.089133		1,362,064		1.53%		7.70%
2014		0.80%		3,795		24.226239		91,939		1.53%		7.38%
2013		0.00%		6,681		24.571761		164,164		2.03%		19.80%
2013		0.50%		53,592		23.295722		1,248,464		2.03%		19.20%
2013		0.80%		4,254		22.562091		95,979		2.03%		18.85%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
Forty Portfolio: Service Shares (JACAS)
2014		0.00%		33,078	$	17.582418	$	581,591		0.03%		8.47%
2014		0.50%		149,191		16.338927		2,437,621		0.03%		7.93%
2014		0.80%		27,099		15.635493		423,706		0.03%		7.60%
2014		1.00%		19,934		15.855574		316,065		0.03%		7.39%
2013		0.00%		36,834		16.209830		597,073		0.57%		30.89%
2013		0.50%		173,739		15.138919		2,630,221		0.57%		30.23%
2013		0.80%		35,260		14.530669		512,351		0.57%		29.84%
2013		1.00%		23,989		14.764693		354,190		0.57%		29.58%
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%
Global Technology Portfolio: Service Shares (JAGTS)
2014		0.00%		40,647		9.535810		387,602		0.00%		9.35%
2014		0.50%		112,333		8.861220		995,407		0.00%		8.80%
2014		0.80%		14,262		8.479586		120,936		0.00%		8.48%
2014		1.00%		26,948		8.632565		232,630		0.00%		8.26%
2013		0.00%		43,908		8.720680		382,908		0.00%		35.39%
2013		0.50%		151,983		8.144356		1,237,804		0.00%		34.72%
2013		0.80%		16,143		7.817003		126,190		0.00%		34.31%
2013		1.00%		27,256		7.973959		217,338		0.00%		34.04%
2013		1.30%		11		7.300366		80		0.00%		33.64%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
Overseas Portfolio: Service Shares (JAIGS)
2014		0.00%		24,321	$	14.707142	$	357,692		5.83%		-12.10%
2014		0.50%		169,881		13.666799		2,321,729		5.83%		-12.54%
2014		0.80%		34,957		13.078293		457,178		5.83%		-12.80%
2014		1.00%		15,736		13.967364		219,790		5.83%		-12.98%
2013		0.00%		26,990		16.731743		451,590		3.03%		14.28%
2013		0.50%		206,980		15.626200		3,234,311		3.03%		13.71%
2013		0.80%		42,158		14.998307		632,299		3.03%		13.37%
2013		1.00%		25,422		16.050014		408,023		3.03%		13.14%
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%
Investors Growth Stock Series - Initial Class (MIGIC)
2014		0.00%		606		26.831723		16,260		0.51%		11.45%
2014		0.50%		8,162		25.311375		206,591		0.51%		10.90%
2014		0.80%		700		24.440744		17,109		0.51%		10.56%
2013		0.00%		622		24.074646		14,974		0.67%		30.29%
2013		0.50%		7,834		22.824329		178,806		0.67%		29.64%
2013		0.80%		1,011		22.105451		22,349		0.67%		29.25%
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%
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
2014		0.50%		9,319		13.386093		124,745		0.00%		-7.72%
2014		0.80%		3,188		13.279431		42,335		0.00%		-8.00%
2013		0.50%		19,043		14.505988		276,238		0.00%		40.81%
2013		0.80%		2,531		14.433683		36,532		0.00%		40.39%
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

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
Value Series - Initial Class (MVFIC)
2014		0.00%		10,239	$	31.820252	$	325,808		1.33%		10.51%
2014		0.50%		74,848		30.017248		2,246,731		1.33%		9.96%
2014		0.80%		4,569		28.984824		132,432		1.33%		9.63%
2013		0.00%		9,427		28.794051		271,442		1.22%		35.89%
2013		0.50%		54,778		27.298649		1,495,365		1.22%		35.21%
2013		0.80%		6,880		26.438908		181,900		1.22%		34.80%
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%
Core Plus Fixed Income Portfolio - Class I (MSVFI)
2014		0.00%		1,541		15.966198		24,604		3.24%		7.85%
2014		0.50%		16,841		15.061499		253,651		3.24%		7.32%
2014		0.80%		1,071		14.543436		15,576		3.24%		7.00%
2013		0.00%		7,055		14.803414		104,438		3.97%		-0.32%
2013		0.50%		10,340		14.034591		145,118		3.97%		-0.81%
2013		0.80%		1,272		13.592553		17,290		3.97%		-1.11%
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%
Emerging Markets Debt Portfolio - Class I (MSEM)
2014		0.00%		4,735		32.913131		155,844		5.45%		2.93%
2014		0.50%		20,141		30.071320		605,666		5.45%		2.41%
2014		0.80%		3,683		28.621666		105,414		5.45%		2.11%
2014		1.00%		1,240		28.298765		35,090		5.45%		1.90%
2013		0.00%		5,572		31.976955		178,176		3.76%		-8.75%
2013		0.50%		24,973		29.362442		733,268		3.76%		-9.20%
2013		0.80%		4,398		28.030943		123,280		3.76%		-9.48%
2013		1.00%		7,602		27.770198		211,109		3.76%		-9.66%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
U.S. Real Estate Portfolio - Class I (MSVRE)
2014		0.00%		5,467	$	83.718637	$	457,690		1.49%		29.72%
2014		0.80%		7		79.761003		558		1.49%		28.69%
2014		1.00%		28,152		40.995865		1,154,116		1.49%		28.43%
2013		0.00%		6,565		64.537567		423,689		1.21%		2.05%
2013		0.80%		7		61.979946		434		1.21%		1.24%
2013		1.00%		25,827		31.920385		824,408		1.21%		1.04%
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%
NVIT International Index Fund Class I (NVIX)
2014		0.50%		50		9.168219		458		2.22%		-8.32%		5/1/2014
2014		0.80%		403		9.149840		3,687		2.22%		-8.50%		5/1/2014
NVIT Bond Index Fund Class I (NVBX)
2014		0.50%		4,162		10.243678		42,634		3.72%		2.44%		5/1/2014
2014		0.80%		18		10.223154		184		3.72%		2.23%		5/1/2014
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2014		0.00%		43,762		24.546677		1,074,212		2.00%		13.12%
2014		0.50%		228,157		23.861093		5,444,075		2.00%		12.55%
2014		0.80%		34,192		23.458993		802,110		2.00%		12.22%
2014		1.00%		34,627		23.194702		803,163		2.00%		11.99%
2013		0.00%		54,402		21.699995		1,180,415		1.83%		31.90%
2013		0.50%		242,960		21.199628		5,150,662		1.83%		31.24%
2013		0.80%		42,091		20.904981		879,912		1.83%		30.85%
2013		1.00%		32,590		20.710842		674,966		1.83%		30.59%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
2014		0.00%		10,445	$	16.444935	$	171,767		0.94%		4.99%
2014		0.50%		129,499		15.747381		2,039,270		0.94%		4.47%
2014		0.80%		17,023		15.343176		261,187		0.94%		4.15%
2013		0.00%		12,346		15.663250		193,378		1.34%		23.28%
2013		0.50%		94,608		15.074035		1,426,124		1.34%		22.67%
2013		0.80%		17,406		14.731250		256,412		1.34%		22.30%
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%
American Funds NVIT Bond Fund - Class II (GVABD2)
2014		0.00%		406		13.196903		5,358		1.15%		4.98%
2014		0.50%		56,597		12.637276		715,232		1.15%		4.45%
2014		0.80%		4,436		12.312919		54,620		1.15%		4.14%
2013		0.00%		424		12.571090		5,330		1.73%		-2.57%
2013		0.50%		66,168		12.098332		800,522		1.73%		-3.06%
2013		0.80%		4,585		11.823220		54,209		1.73%		-3.35%
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%
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
2014		0.00%		5,523		17.393687		96,065		0.68%		1.84%
2014		0.50%		78,503		16.655884		1,307,537		0.68%		1.33%
2014		0.80%		10,909		16.228270		177,034		0.68%		1.02%
2013		0.00%		6,010		17.080144		102,652		0.38%		28.64%
2013		0.50%		82,382		16.437630		1,354,165		0.38%		28.00%
2013		0.80%		13,274		16.063746		213,230		0.38%		27.62%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
American Funds NVIT Growth Fund - Class II (GVAGR2)
2014		0.00%		7,831	$	16.633406	$	130,256		0.44%		8.07%
2014		0.50%		92,006		15.927752		1,465,449		0.44%		7.53%
2014		0.80%		12,954		15.518818		201,031		0.44%		7.21%
2013		0.00%		7,647		15.391784		117,701		0.33%		29.61%
2013		0.50%		108,301		14.812689		1,604,229		0.33%		28.96%
2013		0.80%		15,200		14.475737		220,031		0.33%		28.58%
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%
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
2014		0.00%		1,754		14.905501		26,144		0.81%		10.23%
2014		0.50%		71,601		14.344756		1,027,099		0.81%		9.68%
2014		0.80%		4,154		14.018469		58,233		0.81%		9.35%
2013		0.00%		2,514		13.522509		33,996		1.03%		32.97%
2013		0.50%		67,370		13.079019		881,134		1.03%		32.31%
2013		0.80%		4,359		12.819916		55,882		1.03%		31.91%
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%
Federated NVIT High Income Bond Fund - Class I (HIBF)
2014		0.00%		15,551		22.209619		345,382		5.49%		2.55%
2014		0.50%		41,571		20.951308		870,967		5.49%		2.04%
2014		0.80%		5,158		20.230706		104,350		5.49%		1.73%
2013		0.00%		2,808		21.657285		60,814		6.61%		7.07%
2013		0.50%		2,043		20.532668		41,948		6.61%		6.54%
2013		0.80%		384		19.886039		7,636		6.61%		6.22%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
NVIT Emerging Markets Fund - Class I (GEM)
2014		0.00%		11,469	$	25.608009	$	293,698		1.27%		-5.51%
2014		0.50%		78,785		23.846907		1,878,779		1.27%		-5.98%
2014		0.80%		12,134		22.848918		277,249		1.27%		-6.26%
2014		1.00%		12,637		21.875140		276,436		1.27%		-6.45%
2013		0.00%		754		27.100074		20,433		1.13%		0.75%
2013		0.50%		14,668		25.362948		372,024		1.13%		0.24%
2013		0.80%		1,886		24.374582		45,970		1.13%		-0.06%
2013		1.00%		17,361		23.382534		405,944		1.13%		-0.26%
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%
NVIT International Equity Fund - Class I (GIG)
2014		0.00%		26,132		16.566460		432,915		2.89%		-0.45%
2014		0.50%		216,564		15.427137		3,340,962		2.89%		-0.94%
2014		0.80%		34,206		14.781599		505,619		2.89%		-1.24%
2014		1.00%		2,802		14.442552		40,468		2.89%		-1.44%
2013		0.00%		7,722		16.641029		128,502		0.54%		17.83%
2013		0.50%		29,091		15.574278		453,071		0.54%		17.24%
2013		0.80%		4,751		14.967429		71,110		0.54%		16.89%
2013		1.00%		1,823		14.653397		26,713		0.54%		16.66%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	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)
2014		0.00%		68,047	$	14.520984	$	988,109		0.88%		6.60%
2014		0.50%		810,822		14.044790		11,387,825		0.88%		6.07%
2014		0.80%		161,234		13.766559		2,219,637		0.88%		5.75%
2014		1.00%		4,364		13.584144		59,281		0.88%		5.54%
2013		0.00%		80,186		13.621982		1,092,292		1.04%		43.82%
2013		0.50%		889,883		13.241308		11,783,215		1.04%		43.10%
2013		0.80%		204,304		13.018003		2,659,630		1.04%		42.67%
2013		1.00%		4,637		12.871222		59,684		1.04%		42.39%
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%
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
2014		0.50%		7,812		16.094343		125,729		0.95%		10.05%
2014		0.80%		824		15.775608		12,999		0.95%		9.72%
2013		0.50%		8,369		14.624455		122,392		0.94%		38.07%
2013		0.80%		967		14.377892		13,903		0.94%		37.66%
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%
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
2014		0.50%		17,610		13.627822		239,986		2.11%		3.95%
2014		0.80%		6,305		13.357922		84,222		2.11%		3.64%
2013		0.50%		18,478		13.109417		242,236		1.50%		29.00%
2013		0.80%		7,976		12.888391		102,798		1.50%		28.62%
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%
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
2014		0.00%		407		13.947302		5,677		2.23%		4.46%
2014		0.50%		24,444		13.490111		329,752		2.23%		3.94%
2014		0.80%		4,636		13.222946		61,302		2.23%		3.63%
2013		0.00%		417		13.351426		5,568		2.05%		14.72%
2013		0.50%		26,818		12.978480		348,057		2.05%		14.15%
2013		0.80%		6,218		12.759683		79,340		2.05%		13.80%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	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)
2014		0.00%		452	$	14.183683	$	6,411		2.46%		4.70%
2014		0.50%		49,019		13.718657		672,475		2.46%		4.18%
2014		0.80%		7,603		13.447019		102,238		2.46%		3.87%
2013		0.00%		463		13.546578		6,272		1.94%		21.44%
2013		0.50%		52,578		13.168123		692,354		1.94%		20.84%
2013		0.80%		8,110		12.946159		104,993		1.94%		20.48%
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%
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
2014		0.00%		250		13.120260		3,280		0.27%		3.42%
2014		0.50%		8,580		12.690207		108,882		0.27%		2.91%
2014		0.80%		897		12.438930		11,158		0.27%		2.60%
2013		0.00%		256		12.686282		3,248		1.85%		5.03%
2013		0.50%		118,087		12.331960		1,456,244		1.85%		4.50%
2013		0.80%		3,870		12.124095		46,920		1.85%		4.19%
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%
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
2014		0.00%		7,957		14.072360		111,974		2.49%		4.66%
2014		0.50%		62,397		13.611027		849,287		2.49%		4.14%
2014		0.80%		18,118		13.341496		241,721		2.49%		3.82%
2013		0.00%		8,120		13.446120		109,182		1.72%		17.98%
2013		0.50%		61,511		13.070501		803,980		1.72%		17.39%
2013		0.80%		22,118		12.850167		284,220		1.72%		17.04%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
2014		0.50%		41,362	$	13.659891	$	565,000		2.60%		4.14%
2014		0.80%		11,437		13.389348		153,134		2.60%		3.82%
2013		0.50%		37,730		13.117335		494,917		1.59%		23.74%
2013		0.80%		13,960		12.896172		180,031		1.59%		23.36%
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%
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
2014		0.00%		10,355		13.718708		142,057		2.34%		4.17%
2014		0.50%		9,359		13.269010		124,185		2.34%		3.65%
2014		0.80%		2,941		13.006282		38,251		2.34%		3.34%
2013		0.00%		12,117		13.169178		159,571		1.72%		11.33%
2013		0.50%		10,274		12.801334		131,521		1.72%		10.78%
2013		0.80%		3,671		12.585576		46,202		1.72%		10.44%
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%
NVIT Core Bond Fund - Class I (NVCBD1)
2014		0.00%		1,056		13.708553		14,476		2.56%		5.06%
2014		0.50%		22,151		13.259207		293,705		2.56%		4.53%
2014		0.80%		1,802		12.996712		23,420		2.56%		4.22%
2014		1.00%		14,961		12.824610		191,869		2.56%		4.01%
2013		0.00%		632		13.048920		8,247		2.58%		-1.91%
2013		0.50%		24,060		12.684452		305,188		2.58%		-2.40%
2013		0.80%		2,795		12.470693		34,856		2.58%		-2.69%
2013		1.00%		17,988		12.330187		221,795		2.58%		-2.89%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
NVIT Core Plus Bond Fund - Class I (NVLCP1)
2014		0.50%		13,598	$	14.335263	$	194,931		2.44%		4.57%
2014		0.80%		1,107		14.051506		15,555		2.44%		4.25%
2013		0.50%		10,722		13.709338		146,992		2.06%		-2.26%
2013		0.80%		1,157		13.478328		15,594		2.06%		-2.56%
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%
NVIT Nationwide Fund - Class I (TRF)
2014		0.00%		89,844		34.807939		3,127,284		1.16%		12.15%
2014		0.50%		371,203		73.865693		27,419,167		1.16%		11.59%
2014		0.80%		342,313		57.906704		19,822,218		1.16%		11.25%
2014		1.00%		74,532		15.525349		1,157,135		1.16%		11.03%
2013		0.00%		101,369		31.037588		3,146,249		1.32%		31.10%
2013		0.50%		369,380		66.194760		24,451,020		1.32%		30.45%
2013		0.80%		411,985		52.049003		21,443,409		1.32%		30.06%
2013		1.00%		85,828		13.982782		1,200,114		1.32%		29.80%
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%
NVIT Government Bond Fund - Class I (GBF)
2014		0.00%		45,593		25.830432		1,177,687		1.97%		4.57%
2014		0.50%		81,961		43.628136		3,575,806		1.97%		4.05%
2014		0.80%		32,043		32.219240		1,032,401		1.97%		3.74%
2014		1.00%		32,342		16.783889		542,825		1.97%		3.53%
2013		0.00%		51,599		24.701818		1,274,589		1.81%		-4.06%
2013		0.50%		88,492		41.930997		3,710,558		1.81%		-4.53%
2013		0.80%		37,197		31.058943		1,155,300		1.81%		-4.82%
2013		1.00%		38,465		16.211842		623,589		1.81%		-5.01%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	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)
2014		0.00%		42,177	$	24.659135	$	1,040,048		0.35%		11.33%
2014		0.50%		233,410		35.298207		8,238,954		0.35%		10.77%
2014		0.80%		133,465		33.857321		4,518,767		0.35%		10.44%
2014		1.00%		46,212		10.234057		472,936		0.35%		10.22%
2013		0.00%		48,008		22.149716		1,063,364		0.67%		29.74%
2013		0.50%		236,432		31.865009		7,533,908		0.67%		29.09%
2013		0.80%		162,440		30.656078		4,979,773		0.67%		28.71%
2013		1.00%		52,842		9.284963		490,636		0.67%		28.45%
2013		1.30%		21		27.505011		578		0.67%		28.06%
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%
NVIT International Index Fund - Class II (GVIX2)
2014		0.00%		14,528		9.333223		135,593		1.63%		-6.67%		4/25/2014
2014		0.50%		27,931		9.301297		259,795		1.63%		-6.99%		4/25/2014
2014		0.80%		635		9.282195		5,894		1.63%		-7.18%		4/25/2014
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
2014		0.00%		3,692		22.936445		84,681		1.55%		4.99%
2014		0.50%		81,629		21.500362		1,755,053		1.55%		4.46%
2014		0.80%		16,565		20.682213		342,601		1.55%		4.15%
2014		1.00%		791		20.154085		15,942		1.55%		3.94%
2013		0.00%		3,770		21.847269		82,364		1.68%		27.25%
2013		0.50%		92,423		20.582038		1,902,254		1.68%		26.61%
2013		0.80%		19,777		19.858311		392,738		1.68%		26.23%
2013		1.00%		797		19.389984		15,454		1.68%		25.98%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	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)
2014		0.00%		14,741	$	16.733256	$	246,665		3.02%		4.59%
2014		0.50%		5,378		16.265827		87,478		3.02%		4.06%
2014		0.80%		1,331		15.991674		21,285		3.02%		3.75%
2013		0.50%		5,308		15.630658		82,968		1.71%		12.86%
2013		0.80%		1,587		15.413373		24,461		1.71%		12.52%
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%
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
2014		0.00%		234		19.114689		4,473		1.50%		5.21%
2014		0.50%		3,307		18.580794		61,447		1.50%		4.69%
2014		0.80%		2,283		18.267630		41,705		1.50%		4.37%
2013		0.00%		248		18.167791		4,506		1.88%		19.49%
2013		0.50%		4,501		17.748867		79,888		1.88%		18.90%
2013		0.80%		2,886		17.502158		50,511		1.88%		18.54%
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%
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2014		0.00%		4,024		16.788858		67,558		1.78%		3.89%
2014		0.50%		9,741		15.737835		153,302		1.78%		3.37%
2014		0.80%		10,194		15.139054		154,328		1.78%		3.06%
2014		1.00%		12,170		14.752556		179,539		1.78%		2.86%
2013		0.00%		5,998		16.160183		96,929		1.58%		4.83%
2013		0.50%		14,238		15.224446		216,766		1.58%		4.31%
2013		0.80%		10,338		14.689194		151,857		1.58%		4.00%
2013		1.00%		7,843		14.342829		112,491		1.58%		3.79%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
2014		0.00%		69,066	$	20.542646	$	1,418,798		1.65%		5.18%
2014		0.50%		97,671		19.256487		1,880,800		1.65%		4.66%
2014		0.80%		45,931		18.523829		850,818		1.65%		4.34%
2014		1.00%		11,748		18.050914		212,062		1.65%		4.13%
2013		0.00%		80,435		19.530736		1,570,955		1.61%		16.63%
2013		0.50%		105,749		18.399703		1,945,750		1.61%		16.05%
2013		0.80%		51,634		17.752817		916,649		1.61%		15.70%
2013		1.00%		19,722		17.334221		341,866		1.61%		15.47%
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%
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2014		0.00%		34,780		22.110620		769,007		1.70%		4.96%
2014		0.50%		158,084		20.726276		3,276,493		1.70%		4.43%
2014		0.80%		44,344		19.937630		884,114		1.70%		4.12%
2014		1.00%		19,783		19.428613		384,356		1.70%		3.91%
2013		0.00%		33,364		21.066347		702,858		1.63%		22.38%
2013		0.50%		165,735		19.846371		3,289,238		1.63%		21.77%
2013		0.80%		51,703		19.148562		990,038		1.63%		21.40%
2013		1.00%		19,992		18.697056		373,792		1.63%		21.16%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

	Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment    Income Ratio**		Total   Return***		Inception   Date****
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
2014		0.00%		6,719	$	18.988951	$	127,587		1.81%		4.74%
2014		0.50%		160,074		17.800116		2,849,336		1.81%		4.22%
2014		0.80%		10,824		17.122895		185,338		1.81%		3.90%
2014		1.00%		24,842		16.685759		414,508		1.81%		3.70%
2013		0.00%		6,944		18.129719		125,893		1.73%		10.49%
2013		0.50%		155,987		17.079857		2,664,236		1.73%		9.94%
2013		0.80%		12,071		16.479401		198,923		1.73%		9.61%
2013		1.00%		19,910		16.090841		320,369		1.73%		9.40%
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%
NVIT Mid Cap Index Fund - Class I (MCIF)
2014		0.00%		20,256		33.175282		671,999		1.07%		9.42%
2014		0.50%		145,643		30.829256		4,490,065		1.07%		8.87%
2014		0.80%		15,989		29.502073		471,709		1.07%		8.55%
2014		1.00%		23,527		26.112699		614,353		1.07%		8.33%
2013		0.00%		21,008		30.319093		636,944		1.14%		33.05%
2013		0.50%		153,576		28.316283		4,348,701		1.14%		32.38%
2013		0.80%		21,551		27.178692		585,728		1.14%		31.99%
2013		1.00%		25,852		24.104406		623,147		1.14%		31.72%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
NVIT Money Market Fund - Class I (SAM)
	2014		0.00%		194,903	$	15.554998	$	3,031,716		0.00%
	2014		0.50%		510,842		20.341726		10,391,408		0.00%		-0.50%
	2014		0.80%		122,808		15.903266		1,953,048		0.00%		-0.80%
	2014		1.00%		251,792		10.747367		2,706,101		0.00%		-1.00%
	2013		0.00%		185,079		15.554998		2,856,986		0.00%
	2013		0.50%		522,730		20.443941		10,686,661		0.00%		-0.50%
	2013		0.80%		135,933		16.031513		2,179,212		0.00%		-0.80%
	2013		1.00%		265,650		10.855923		2,883,876		0.00%		-1.00%
	2013		1.30%		886		15.030270		13,317		0.00%		-1.30%
	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%
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
	2014		0.00%		19,560		9.795541		191,601		1.06%		-2.04%		4/25/2014
	2014		0.50%		348,409		9.762049		3,401,186		1.06%		-2.38%		4/25/2014
	2014		0.80%		56,211		9.742002		547,608		1.06%		-2.58%		4/25/2014
	2014		1.00%		22,023		9.728663		214,254		1.06%		-2.71%		4/25/2014
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
	2014		0.00%		3,808		18.973981		72,253		3.04%		-9.46%
	2014		0.50%		21,382		17.898487		382,705		3.04%		-9.92%
	2014		0.80%		3,788		17.282666		65,467		3.04%		-10.19%
	2013		0.00%		302		20.957356		6,329		2.32%		21.41%
	2013		0.50%		6,629		19.868606		131,709		2.32%		20.80%
	2013		0.80%		894		19.242679		17,203		2.32%		20.44%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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)
	2014		0.00%		19,677	$	16.038508	$	315,590		0.50%		10.44%
	2014		0.50%		94,808		15.512706		1,470,729		0.50%		9.88%
	2014		0.80%		11,355		15.205499		172,658		0.50%		9.56%
	2014		1.00%		13,010		15.004103		195,203		0.50%		9.34%
	2013		0.00%		23,427		14.522943		340,229		0.82%		34.74%
	2013		0.50%		102,442		14.117223		1,446,197		0.82%		34.07%
	2013		0.80%		13,122		13.879225		182,123		0.82%		33.67%
	2013		1.00%		8,311		13.722812		114,050		0.82%		33.40%
	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%
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
	2014		0.00%		11,628		15.226743		177,057		1.15%		10.52%
	2014		0.50%		69,360		14.727421		1,021,494		1.15%		9.97%
	2014		0.80%		8,172		14.435726		117,969		1.15%		9.64%
	2014		1.00%		1,159		16.665961		19,316		1.15%		9.42%
	2013		0.00%		12,985		13.777622		178,902		1.39%		35.44%
	2013		0.50%		89,433		13.392610		1,197,741		1.39%		34.76%
	2013		0.80%		9,504		13.166780		125,137		1.39%		34.36%
	2013		1.00%		1,159		15.231413		17,653		1.39%		34.09%
	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

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
	2014		0.00%		77,500	$	16.103721	$	1,248,038		0.00%		4.04%
	2014		0.50%		1,415,623		15.575735		22,049,369		0.00%		3.52%
	2014		0.80%		435,572		15.267231		6,649,978		0.00%		3.21%
	2014		1.00%		9,797		15.064990		147,592		0.00%		3.00%
	2013		0.00%		83,954		15.479098		1,299,532		0.00%		38.94%
	2013		0.50%		1,503,890		15.046656		22,628,515		0.00%		38.25%
	2013		0.80%		518,987		14.792956		7,677,352		0.00%		37.84%
	2013		1.00%		9,079		14.626229		132,792		0.00%		37.56%
	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%
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
	2014		0.00%		36,300		19.031857		690,856		1.35%		17.02%
	2014		0.50%		1,008,235		18.407850		18,559,439		1.35%		16.44%
	2014		0.80%		252,966		18.043337		4,564,351		1.35%		16.09%
	2014		1.00%		10,505		17.804342		187,035		1.35%		15.86%
	2013		0.00%		43,783		16.263836		712,080		1.18%		35.68%
	2013		0.50%		1,088,971		15.809412		17,215,991		1.18%		35.00%
	2013		0.80%		325,582		15.542892		5,060,486		1.18%		34.60%
	2013		1.00%		5,611		15.367716		86,228		1.18%		34.33%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
	2014		0.00%		16,757	$	12.897295	$	216,120		0.00%		2.81%
	2014		0.50%		81,283		11.985014		974,178		0.00%		2.30%
	2014		0.80%		10,876		11.468922		124,736		0.00%		1.99%
	2014		1.00%		8,347		11.150957		93,077		0.00%		1.79%
	2013		0.00%		19,859		12.544579		249,123		0.00%		44.29%
	2013		0.50%		69,680		11.715687		816,349		0.00%		43.57%
	2013		0.80%		16,277		11.244880		183,033		0.00%		43.14%
	2013		1.00%		70,416		10.955026		771,409		0.00%		42.85%
	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%
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
	2014		0.00%		29,691		44.082799		1,308,862		0.52%		7.02%
	2014		0.50%		86,807		40.557464		3,520,672		0.52%		6.49%
	2014		0.80%		12,672		38.579063		488,874		0.52%		6.17%
	2014		1.00%		10,094		30.296625		305,814		0.52%		5.96%
	2013		0.00%		33,572		41.190400		1,382,844		0.82%		40.40%
	2013		0.50%		98,427		38.086314		3,748,722		0.82%		39.70%
	2013		0.80%		16,716		36.337305		607,414		0.82%		39.28%
	2013		1.00%		14,817		28.593267		423,666		0.82%		39.00%
	2013		1.30%		43		33.599044		1,445		0.82%		38.59%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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)
	2014		0.00%		38,886	$	52.629785	$	2,046,562		0.16%		0.82%
	2014		0.50%		191,575		63.144833		12,096,971		0.16%		0.31%
	2014		0.80%		47,223		60.255595		2,845,450		0.16%		0.01%
	2014		1.00%		18,166		22.912330		416,225		0.16%		-0.19%
	2013		0.00%		46,240		52.204120		2,413,919		0.14%		40.91%
	2013		0.50%		219,955		62.948145		13,845,759		0.14%		40.20%
	2013		0.80%		58,555		60.248434		3,527,847		0.14%		39.78%
	2013		1.00%		19,379		22.955484		444,854		0.14%		39.51%
	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%
NVIT Multi-Sector Bond Fund - Class I (MSBF)
	2014		0.00%		6,660		21.721029		144,662		3.15%		3.88%
	2014		0.50%		36,654		20.185537		739,881		3.15%		3.37%
	2014		0.80%		3,535		19.316793		68,285		3.15%		3.06%
	2014		1.00%		11,748		18.382406		215,957		3.15%		2.85%
	2013		0.00%		8,647		20.909005		180,800		2.58%		-1.12%
	2013		0.50%		43,819		19.528307		855,711		2.58%		-1.62%
	2013		0.80%		3,985		18.743985		74,695		2.58%		-1.91%
	2013		1.00%		20,238		17.873021		361,714		2.58%		-2.11%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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)
	2014		0.00%		1,202	$	11.507465	$	13,832		0.95%		0.49%
	2014		0.50%		47,119		11.130256		524,447		0.95%		-0.01%
	2014		0.80%		3,205		10.909843		34,966		0.95%		-0.31%
	2013		0.00%		1,221		11.450912		13,982		1.47%		0.11%
	2013		0.50%		48,316		11.131047		537,808		1.47%		-0.39%
	2013		0.80%		2,944		10.943432		32,217		1.47%		-0.69%
	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%
NVIT Large Cap Growth Fund - Class I (NVOLG1)
	2014		0.00%		267,651		24.521987		6,563,334		0.71%		8.80%
	2014		0.50%		1,607,030		23.837164		38,307,038		0.71%		8.26%
	2014		0.80%		278,937		23.435455		6,537,016		0.71%		7.93%
	2014		1.00%		83,077		23.171453		1,925,015		0.71%		7.72%
	2013		0.00%		287,453		22.538634		6,467,799		0.78%		36.70%
	2013		0.50%		1,711,729		22.019016		37,690,588		0.78%		36.02%
	2013		0.80%		350,527		21.712988		7,610,989		0.78%		35.61%
	2013		1.00%		108,862		21.511366		2,341,770		0.78%		35.34%
	2013		1.30%		2		21.212389		42		0.78%		34.94%
	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%
Templeton NVIT International Value Fund - Class III (NVTIV3)
	2014		0.00%		14		16.010507		224		3.71%		-8.15%
	2014		0.50%		9,362		15.563156		145,702		3.71%		-8.60%
	2014		0.80%		1,846		15.300817		28,245		3.71%		-8.88%
	2013		0.00%		65		17.430436		1,133		2.50%		20.09%
	2013		0.50%		9,731		17.028404		165,703		2.50%		19.50%
	2013		0.80%		722		16.791684		12,124		2.50%		19.14%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Invesco NVIT Comstock Value Fund - Class I (EIF)
	2014		0.00%		658	$	28.265120	$	18,598		1.72%		9.17%
	2014		0.50%		27,630		26.663355		736,708		1.72%		8.62%
	2014		0.80%		3,211		25.746165		82,671		1.72%		8.30%
	2013		0.00%		422		25.891306		10,926		0.00%		35.64%
	2013		0.50%		26,632		24.546498		653,722		0.00%		34.96%
	2013		0.80%		3,761		23.773344		89,412		0.00%		34.56%
	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%
NVIT Real Estate Fund - Class I (NVRE1)
	2014		0.00%		57,416		15.751218		904,372		3.09%		28.88%
	2014		0.50%		502,640		15.234505		7,657,472		3.09%		28.24%
	2014		0.80%		88,638		14.932651		1,323,600		3.09%		27.86%
	2014		1.00%		67,483		14.734758		994,346		3.09%		27.60%
	2013		0.00%		63,337		12.221280		774,059		1.43%		3.05%
	2013		0.50%		476,506		11.879551		5,660,677		1.43%		2.53%
	2013		0.80%		112,015		11.679110		1,308,236		1.43%		2.22%
	2013		1.00%		17,988		11.547381		207,714		1.43%		2.02%
	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%
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
	2014		0.50%		627		11.724648		7,351		1.84%		2.82%
NVIT Small Cap Index Fund Class II (NVSIX2)
	2014		0.50%		3,869		13.147003		50,866		0.64%		4.03%
	2014		0.80%		816		13.081404		10,674		0.64%		3.72%
	2013		0.50%		3,474		12.637682		43,903		1.91%		26.38%		5/1/2013
	2013		0.80%		717		12.612416		9,043		1.91%		26.12%		5/1/2013
NVIT S&P 500 Index Fund Class I (GVEX1)
	2014		0.50%		160,730		13.305974		2,138,669		3.30%		12.80%
	2014		0.80%		3,835		13.239573		50,774		3.30%		12.46%
	2013		0.50%		81,634		11.796496		962,995		2.98%		17.96%		5/1/2013
	2013		0.80%		1,118		11.772890		13,162		2.98%		17.73%		5/1/2013
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
	2014		0.80%		215		10.894731		2,342		0.99%		0.38%
	2013		0.80%		223		10.853777		2,420		1.00%		8.54%		5/1/2013

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VPS Growth and Income Portfolio - Class A (ALVGIA)
	2014		0.00%		531	$	26.881002	$	14,274		1.18%		9.54%
	2014		0.50%		12,538		25.357678		317,935		1.18%		9.00%
	2014		0.80%		2,134		24.485510		52,252		1.18%		8.67%
	2013		0.00%		1,123		24.539482		27,558		1.00%		34.96%
	2013		0.50%		28,579		23.264880		664,887		1.00%		34.29%
	2013		0.80%		3,190		22.532174		71,878		1.00%		33.89%
	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%
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
	2014		0.00%		2,620		39.225701		102,771		0.72%		9.20%
	2014		0.50%		28,066		37.002837		1,038,522		0.72%		8.65%
	2014		0.80%		4,559		35.730024		162,893		0.72%		8.33%
	2013		0.00%		2,802		35.921574		100,652		0.61%		38.06%
	2013		0.50%		25,928		34.055816		882,999		0.61%		37.37%
	2013		0.80%		4,748		32.983198		156,604		0.61%		36.96%
	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%
VP Balanced Fund - Class I (ACVB)
	2014		0.00%		10,531		33.831616		356,281		1.53%		9.85%
	2014		0.50%		93,740		40.911494		3,835,043		1.53%		9.31%
	2014		0.80%		17,062		39.242612		669,557		1.53%		8.98%
	2014		1.00%		81,385		17.849288		1,452,664		1.53%		8.76%
	2013		0.00%		15,025		30.797107		462,727		1.61%		17.43%
	2013		0.50%		83,445		37.428588		3,123,229		1.61%		16.84%
	2013		0.80%		19,379		36.009620		697,830		1.61%		16.49%
	2013		1.00%		55,383		16.411564		908,922		1.61%		16.26%
	2013		1.30%		2		32.309012		65		1.61%		15.91%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VP Capital Appreciation Fund - Class I (ACVCA)
	2014		0.00%		9,725	$	35.291244	$	343,207		0.00%		8.14%
	2014		0.50%		487		84.623910		41,212		0.00%		7.60%
	2014		0.80%		379		51.364716		19,467		0.00%		7.28%
	2014		1.00%		87,849		16.493073		1,448,900		0.00%		7.06%
	2013		0.00%		10,970		32.634394		357,999		0.00%		30.92%
	2013		0.50%		490		78.645463		38,536		0.00%		30.27%
	2013		0.80%		590		47.879398		28,249		0.00%		29.88%
	2013		1.00%		88,819		15.404738		1,368,233		0.00%		29.62%
	2013		1.30%		51		46.376355		2,365		0.00%		29.23%
	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%
VP Income & Growth Fund - Class I (ACVIG)
	2014		0.00%		17,764		24.284469		431,389		2.02%		12.50%
	2014		0.50%		62,458		22.342598		1,395,474		2.02%		11.94%
	2014		0.80%		6,068		21.252856		128,962		2.02%		11.61%
	2014		1.00%		41,765		16.988453		709,523		2.02%		11.38%
	2013		0.00%		19,481		21.585591		420,509		2.26%		35.82%
	2013		0.50%		69,689		19.959048		1,390,926		2.26%		35.14%
	2013		0.80%		8,198		19.042593		156,111		2.26%		34.74%
	2013		1.00%		42,265		15.252150		644,632		2.26%		34.47%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VP Inflation Protection Fund - Class II (ACVIP2)
	2014		0.00%		17,328	$	15.962763	$	276,603		1.26%		3.30%
	2014		0.50%		52,335		15.056647		787,990		1.26%		2.78%
	2014		0.80%		7,336		14.536561		106,640		1.26%		2.48%
	2013		0.00%		18,670		15.452863		288,505		1.65%		-8.48%
	2013		0.50%		63,472		14.648742		929,785		1.65%		-8.94%
	2013		0.80%		11,140		14.185241		158,024		1.65%		-9.21%
	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%
VP International Fund - Class I (ACVI)
	2014		0.00%		7,668		28.797883		220,822		1.68%		-5.51%
	2014		0.80%		572		27.521800		15,742		1.68%		-6.26%
	2014		1.00%		22,920		11.421160		261,773		1.68%		-6.45%
	2013		0.00%		10,192		30.476017		310,612		1.69%		22.41%
	2013		0.80%		572		29.359593		16,794		1.69%		21.44%
	2013		1.00%		25,351		12.208224		309,491		1.69%		21.19%
	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%
VP International Fund - Class III (ACVI3)
	2014		0.00%		9,678		17.760638		171,887		1.62%		-5.51%
	2013		0.00%		10,941		18.795597		205,643		1.61%		22.41%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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)
	2014		0.00%		3,549	$	27.298795	$	96,883		1.16%		16.42%
	2014		0.50%		75,265		26.010995		1,957,718		1.16%		15.84%
	2014		0.80%		4,954		25.267604		125,176		1.16%		15.50%
	2013		0.00%		3,576		23.448028		83,850		1.27%		30.11%
	2013		0.50%		76,643		22.453819		1,720,928		1.27%		29.47%
	2013		0.80%		5,677		21.877612		124,199		1.27%		29.08%
	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%
VP Ultra(R) Fund - Class I (ACVU1)
	2014		0.00%		257		21.073734		5,416		0.43%		9.99%
	2014		0.80%		14		19.042711		267		0.43%		9.12%
	2014		1.00%		11,657		18.566230		216,427		0.43%		8.90%
	2013		1.00%		10,891		17.048782		185,678		0.31%		35.71%
	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%
VP Value Fund - Class I (ACVV)
	2010		0.80%		5		23.542842		118		1.67%		10.31%
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
	2014		0.00%		15,909		29.396200		467,664		0.59%		5.12%
	2014		0.50%		42,617		27.592005		1,175,888		0.59%		4.60%
	2014		0.80%		6,532		26.563083		173,510		0.59%		4.28%
	2014		1.00%		13,027		25.898481		337,380		0.59%		4.08%
	2013		0.00%		15,916		27.964008		445,075		1.04%		40.71%
	2013		0.50%		59,482		26.379283		1,569,093		1.04%		40.01%
	2013		0.80%		7,470		25.471900		190,275		1.04%		39.59%
	2013		1.00%		15,299		24.884316		380,705		1.04%		39.31%
	2013		1.30%		10		24.028258		240		1.04%		38.90%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Appreciation Portfolio - Initial Shares (DCAP)
	2014		0.00%		26,530	$	29.048845	$	770,666		1.84%		8.09%
	2014		0.50%		122,333		26.540974		3,246,837		1.84%		7.55%
	2014		0.80%		15,607		25.261381		394,254		1.84%		7.23%
	2014		1.00%		27,488		16.765299		460,845		1.84%		7.02%
	2013		0.00%		33,660		26.874296		904,589		1.94%		21.10%
	2013		0.50%		128,801		24.677241		3,178,453		1.94%		20.50%
	2013		0.80%		20,833		23.558053		490,785		1.94%		20.14%
	2013		1.00%		28,821		15.666152		451,514		1.94%		19.90%
	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%
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
	2014		0.00%		1,154		22.681585		26,175		0.00%		1.59%
	2014		0.50%		10,540		21.396012		225,514		0.00%		1.09%
	2014		0.80%		2,412		20.659925		49,832		0.00%		0.78%
	2013		0.00%		1,210		22.325546		27,014		0.00%		48.55%
	2013		0.50%		23,615		21.165757		499,829		0.00%		47.81%
	2013		0.80%		3,994		20.499021		81,873		0.00%		47.37%
	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%
Growth and Income Portfolio - Initial Shares (DGI)
	2014		0.00%		10,508		28.184678		296,165		0.78%		10.07%
	2014		0.50%		34,972		25.615214		895,815		0.78%		9.53%
	2014		0.80%		11,420		24.400541		278,654		0.78%		9.20%
	2014		1.00%		6,174		16.306396		100,676		0.78%		8.98%
	2013		0.00%		11,166		25.605002		285,905		0.91%		36.78%
	2013		0.50%		37,868		23.387364		885,633		0.91%		36.10%
	2013		0.80%		13,026		22.345264		291,069		0.91%		35.69%
	2013		1.00%		8,408		14.962784		125,807		0.91%		35.42%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Managed Tail Risk Fund II: Primary Shares (FVCA2P)
	2014		0.00%		4,275	$	18.372369	$	78,542		1.69%		-0.97%
	2014		0.50%		4,713		17.331172		81,682		1.69%		-1.46%
	2014		0.80%		74		16.734989		1,238		1.69%		-1.76%
	2013		0.00%		4,327		18.551848		80,274		1.20%		16.45%
	2013		0.50%		4,563		17.588218		80,255		1.20%		15.87%
	2013		0.80%		82		17.034230		1,397		1.20%		15.52%
	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%
Quality Bond Fund II - Primary Shares (FQB)
	2014		0.00%		10,103		18.533750		187,246		3.97%		3.79%
	2014		0.50%		34,872		17.396370		606,646		3.97%		3.28%
	2014		0.80%		6,748		16.747756		113,014		3.97%		2.97%
	2014		1.00%		22,120		16.328799		361,193		3.97%		2.76%
	2013		0.00%		11,973		17.856455		213,795		4.39%		1.03%
	2013		0.50%		46,659		16.844649		785,954		4.39%		0.53%
	2013		0.80%		7,985		16.265318		129,879		4.39%		0.23%
	2013		1.00%		28,000		15.890171		444,925		4.39%		0.03%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Equity-Income Portfolio - Initial Class (FEIP)
	2014		0.00%		101,112	$	37.413074	$	3,782,911		2.74%		8.72%
	2014		0.50%		298,611		94.099220		28,099,062		2.74%		8.18%
	2014		0.80%		98,305		75.615605		7,433,392		2.74%		7.85%
	2014		1.00%		178,942		18.966506		3,393,905		2.74%		7.64%
	2013		0.00%		123,946		34.412915		4,265,343		2.48%		28.15%
	2013		0.50%		321,894		86.987217		28,000,663		2.48%		27.51%
	2013		0.80%		119,758		70.110604		8,396,306		2.48%		27.13%
	2013		1.00%		201,751		17.620899		3,555,034		2.48%		26.87%
	2013		1.30%		190		62.439911		11,864		2.48%		26.49%
	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%
High Income Portfolio - Initial Class (FHIP)
	2014		0.00%		70,561		23.930632		1,688,569		5.30%		1.16%
	2014		0.50%		74,942		49.196697		3,686,899		5.30%		0.65%
	2014		0.80%		21,845		45.131945		985,907		5.30%		0.35%
	2014		1.00%		39,522		17.423841		688,625		5.30%		0.15%
	2013		0.00%		76,527		23.657339		1,810,425		5.55%		5.95%
	2013		0.50%		84,651		48.878642		4,137,626		5.55%		5.42%
	2013		0.80%		27,795		44.974878		1,250,077		5.55%		5.10%
	2013		1.00%		68,487		17.397965		1,191,534		5.55%		4.89%
	2013		1.30%		20		44.129723		883		5.55%		4.58%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Asset Manager Portfolio - Initial Class (FAMP)
	2014		0.00%		28,326	$	32.374882	$	917,051		1.47%		5.83%
	2014		0.50%		137,325		54.805245		7,526,130		1.47%		5.31%
	2014		0.80%		43,426		46.213383		2,006,862		1.47%		4.99%
	2014		1.00%		124,578		16.531597		2,059,473		1.47%		4.78%
	2013		0.00%		22,166		30.590553		678,070		1.55%		15.71%
	2013		0.50%		147,566		52.044253		7,679,962		1.55%		15.13%
	2013		0.80%		49,960		44.017089		2,199,094		1.55%		14.78%
	2013		1.00%		135,008		15.777445		2,130,081		1.55%		14.56%
	2013		1.30%		222		44.605427		9,902		1.55%		14.21%
	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%
VIP Contrafund(R) 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%
VIP Energy Portfolio - Service Class 2 (FNRS2)
	2014		0.00%		11,909		19.788975		235,667		0.61%		-12.76%
	2014		0.50%		88,884		18.854926		1,675,901		0.61%		-13.20%
	2014		0.80%		20,782		18.315787		380,639		0.61%		-13.46%
	2013		0.00%		11,257		22.684649		255,361		0.70%		24.15%
	2013		0.50%		87,421		21.722450		1,898,998		0.70%		23.53%
	2013		0.80%		25,101		21.164829		531,258		0.70%		23.16%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
	2014		0.00%		2,872	$	17.810892	$	51,153		1.66%		4.35%
	2014		0.50%		20,978		16.970715		356,012		1.66%		3.83%
	2014		0.80%		2,581		16.485713		42,550		1.66%		3.52%
	2013		0.00%		4,122		17.068509		70,356		1.64%		13.39%
	2013		0.50%		17,248		16.344867		281,916		1.64%		12.83%
	2013		0.80%		3,214		15.925458		51,184		1.64%		12.49%
	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%
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
	2014		0.00%		3,790		18.459232		69,960		1.64%		4.66%
	2014		0.50%		56,232		17.588378		989,030		1.64%		4.14%
	2014		0.80%		9,126		17.085740		155,924		1.64%		3.83%
	2013		0.00%		3,849		17.636606		67,883		1.67%		15.95%
	2013		0.50%		53,692		16.888806		906,794		1.67%		15.38%
	2013		0.80%		11,810		16.455456		194,339		1.67%		15.03%
	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%
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
	2014		0.00%		415		19.265178		7,995		1.41%		4.86%
	2014		0.50%		52,282		18.356222		959,700		1.41%		4.34%
	2014		0.80%		13,576		17.831644		242,082		1.41%		4.03%
	2013		0.00%		422		18.372029		7,753		1.64%		21.50%
	2013		0.50%		53,021		17.592960		932,796		1.64%		20.89%
	2013		0.80%		17,577		17.141551		301,297		1.64%		20.53%
	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%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Growth Portfolio - Initial Class (FGP)
	2014		0.00%		137,759	$	36.654676	$	5,049,512		0.18%		11.30%
	2014		0.50%		360,019		109.658461		39,479,129		0.18%		10.74%
	2014		0.80%		181,138		73.486182		13,311,140		0.18%		10.41%
	2014		1.00%		339,475		12.660634		4,297,969		0.18%		10.19%
	2014		1.30%		16		66.017849		1,056		0.18%		9.86%
	2013		0.00%		150,521		32.933927		4,957,248		0.29%		36.34%
	2013		0.50%		372,839		99.021065		36,918,915		0.29%		35.66%
	2013		0.80%		223,483		66.557026		14,874,364		0.29%		35.25%
	2013		1.00%		349,541		11.489795		4,016,154		0.29%		34.98%
	2013		1.30%		213		60.092605		12,800		0.29%		34.58%
	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%
VIP High Income Portfolio - Initial Class R (FHIPR)
	2014		0.00%		13,768		15.513944		213,596		5.90%		1.18%
	2014		0.50%		166,560		14.930500		2,486,824		5.90%		0.67%
	2014		0.80%		62,827		14.591037		916,711		5.90%		0.37%
	2013		0.00%		13,767		15.333544		211,097		5.83%		5.97%
	2013		0.50%		163,325		14.830856		2,422,250		5.83%		5.44%
	2013		0.80%		70,495		14.537202		1,024,800		5.83%		5.12%
	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%
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
	2014		0.00%		19,523		16.750978		327,029		1.87%		5.75%
	2014		0.50%		105,027		15.801818		1,659,618		1.87%		5.23%
	2014		0.80%		13,720		15.258338		209,344		1.87%		4.91%
	2013		0.00%		18,225		15.839600		288,677		2.05%		-1.89%
	2013		0.50%		196,708		15.016973		2,953,959		2.05%		-2.38%
	2013		0.80%		15,073		14.544041		219,222		2.05%		-2.67%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Mid Cap Portfolio - Service Class (FMCS)
	2014		0.00%		11,134	$	43.589036	$	485,320		0.16%		6.20%
	2014		0.50%		178,602		41.119213		7,343,974		0.16%		5.67%
	2014		0.80%		18,747		39.705024		744,350		0.16%		5.35%
	2013		0.00%		12,172		41.045629		499,607		0.41%		36.06%
	2013		0.50%		180,997		38.914038		7,043,324		0.41%		35.38%
	2013		0.80%		26,480		37.688616		997,995		0.41%		34.98%
	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%
VIP Overseas Portfolio - Initial Class (FOP)
	2014		0.00%		25,877		25.210791		652,380		1.27%		-8.08%
	2014		0.50%		79,348		42.220268		3,350,094		1.27%		-8.54%
	2014		0.80%		17,397		31.357900		545,533		1.27%		-8.81%
	2014		1.00%		77,951		12.972478		1,011,218		1.27%		-8.99%
	2013		0.00%		28,857		27.425919		791,430		1.36%		30.44%
	2013		0.50%		91,720		46.160265		4,233,820		1.36%		29.79%
	2013		0.80%		21,769		34.387281		748,577		1.36%		29.40%
	2013		1.00%		82,304		14.254206		1,173,178		1.36%		29.14%
	2013		1.30%		542		29.175220		15,813		1.36%		28.75%
	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%
VIP Overseas Portfolio - Service Class R (FOSR)
	2014		0.00%		29,539		16.555209		489,024		1.25%		-8.18%
	2014		0.50%		191,088		15.774084		3,014,238		1.25%		-8.63%
	2014		0.80%		41,075		15.323165		629,399		1.25%		-8.91%
	2013		0.00%		32,000		18.029345		576,939		1.32%		30.30%
	2013		0.50%		200,439		17.264814		3,460,542		1.32%		29.65%
	2013		0.80%		46,798		16.821709		787,222		1.32%		29.26%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Value Strategies Portfolio - Service Class (FVSS)
	2014		0.00%		8,274	$	26.632186	$	220,355		0.80%		6.69%
	2014		0.50%		23,118		24.997315		577,888		0.80%		6.16%
	2014		0.80%		3,724		24.064985		89,618		0.80%		5.84%
	2014		1.00%		6,587		23.462855		154,550		0.80%		5.63%
	2013		0.00%		9,006		24.961619		224,804		0.74%		30.44%
	2013		0.50%		26,777		23.546747		630,511		0.74%		29.79%
	2013		0.80%		4,896		22.736642		111,319		0.74%		29.41%
	2013		1.00%		10,442		22.212133		231,939		0.74%		29.15%
	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%
Franklin Income Securities Fund - Class 2 (FTVIS2)
	2014		0.00%		10,790		17.195058		185,535		5.34%		4.62%
	2014		0.50%		88,212		16.465766		1,452,478		5.34%		4.09%
	2014		0.80%		12,451		16.043213		199,754		5.34%		3.78%
	2013		0.00%		11,930		16.436367		196,086		6.46%		13.94%
	2013		0.50%		89,778		15.818160		1,420,123		6.46%		13.37%
	2013		0.80%		14,539		15.458527		224,752		6.46%		13.03%
	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%
Rising Dividends Securities Fund - Class 1 (FTVRDI)
	2014		0.00%		14,184		28.587626		405,487		1.58%		9.01%
	2014		0.50%		148,833		26.967693		4,013,683		1.58%		8.46%
	2014		0.80%		10,615		26.040144		276,416		1.58%		8.14%
	2013		0.00%		13,999		26.225783		367,135		1.83%		30.05%
	2013		0.50%		159,701		24.863682		3,970,755		1.83%		29.40%
	2013		0.80%		14,322		24.080637		344,883		1.83%		29.02%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Small Cap Value Securities Fund - Class 1 (FTVSVI)
	2014		0.00%		6,537	$	36.558447	$	238,983		0.80%		0.88%
	2014		0.50%		79,931		34.486659		2,756,553		0.80%		0.38%
	2014		0.80%		7,270		33.300359		242,094		0.80%		0.08%
	2013		0.00%		6,811		36.238435		246,820		1.48%		36.50%
	2013		0.50%		104,422		34.356208		3,587,544		1.48%		35.82%
	2013		0.80%		10,409		33.274117		346,350		1.48%		35.42%
	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%
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
	2014		0.00%		6,412		9.429267		60,460		1.52%		-5.71%		4/30/2014
	2014		0.50%		79,121		9.397664		743,553		1.52%		-6.02%		4/30/2014
	2014		0.80%		10,088		9.378753		94,613		1.52%		-6.21%		4/30/2014
Templeton Foreign Securities Fund - Class 1 (TIF)
	2014		0.00%		160		25.556124		4,089		2.00%		-10.89%
	2014		0.50%		5,669		24.107860		136,667		2.00%		-11.33%
	2014		0.80%		454		23.278595		10,568		2.00%		-11.60%
	2013		0.00%		163		28.677989		4,675		2.54%		23.27%
	2013		0.50%		6,799		27.188535		184,855		2.54%		22.66%
	2013		0.80%		545		26.332251		14,351		2.54%		22.29%
	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%
Templeton Foreign Securities Fund - Class 2 (TIF2)
	2014		0.00%		9,163		8.734905		80,038		1.90%		-12.65%		4/30/2014
	2014		0.50%		130,161		8.705622		1,133,132		1.90%		-12.94%		4/30/2014
	2014		0.80%		9,869		8.688088		85,743		1.90%		-13.12%		4/30/2014
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
	2014		0.00%		27,636		10.085726		278,729		5.04%		0.86%		4/30/2014
	2014		0.50%		189,728		10.051926		1,907,132		5.04%		0.52%		4/30/2014
	2014		0.80%		16,441		10.031694		164,931		5.04%		0.32%		4/30/2014

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
	2014		0.00%		1,899	$	13.816935	$	26,238		2.91%		2.85%
	2014		0.50%		12,325		13.363967		164,711		2.91%		2.34%
	2014		0.80%		1,484		13.099354		19,439		2.91%		2.03%
	2013		0.00%		5,110		13.434293		68,649		11.80%		23.77%
	2013		0.50%		4,833		13.059007		63,114		11.80%		23.15%
	2013		0.80%		1,921		12.838902		24,664		11.80%		22.78%
	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%
Short Duration Bond Portfolio - I Class Shares (AMTB)
	2014		0.00%		34,818		18.178772		632,948		1.68%		0.61%
	2014		0.50%		44,680		25.920092		1,158,110		1.68%		0.11%
	2014		0.80%		8,780		20.359563		178,757		1.68%		-0.19%
	2014		1.00%		63,202		12.760705		806,502		1.68%		-0.39%
	2013		0.00%		35,883		18.068566		648,354		2.13%		0.62%
	2013		0.50%		39,560		25.892092		1,024,291		2.13%		0.11%
	2013		0.80%		11,902		20.398673		242,785		2.13%		-0.18%
	2013		1.00%		74,230		12.810813		950,947		2.13%		-0.38%
	2013		1.30%		184		19.479537		3,584		2.13%		-0.68%
	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%
Balanced Portfolio - I Class Shares (AMBP)
	2014		0.50%		1,621		16.697421		27,067		0.00%		3.66%
	2014		0.80%		319		35.320106		11,267		0.00%		3.35%
	2013		0.50%		1,279		16.107370		20,601		0.00%		17.89%
	2013		0.80%		534		34.174349		18,249		0.00%		17.54%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Growth Portfolio - I Class Shares (AMTG)
	2014		0.00%		24,769	$	34.817796	$	862,402		0.00%		6.89%
	2014		0.50%		1,195		79.648266		95,180		0.00%		6.36%
	2014		0.80%		405		52.787243		21,379		0.00%		6.04%
	2014		1.00%		84,657		11.051834		935,615		0.00%		5.83%
	2013		0.00%		28,006		32.573007		912,240		0.00%		31.85%
	2013		0.50%		1,258		74.886699		94,207		0.00%		31.19%
	2013		0.80%		413		49.780631		20,559		0.00%		30.80%
	2013		1.00%		96,782		10.443227		1,010,716		0.00%		30.54%
	2013		1.30%		223		46.355252		10,337		0.00%		30.15%
	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%
Guardian Portfolio - I Class Shares (AMGP)
	2014		0.00%		3,691		25.467775		94,002		0.43%		9.03%
	2014		0.80%		2		22.288104		45		0.43%		8.16%
	2014		1.00%		3,825		19.378004		74,121		0.43%		7.94%
	2013		0.00%		3,816		23.358987		89,138		0.80%		38.81%
	2013		0.80%		2		20.606782		41		0.80%		37.71%
	2013		1.00%		6,693		17.952067		120,153		0.80%		37.43%
	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%
International Portfolio - S Class Shares (AMINS)
	2014		0.00%		1,255		15.581872		19,555		0.35%		-3.27%
	2013		0.00%		1,213		16.109309		19,541		1.16%		17.83%
	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%
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
	2014		0.00%		530		34.573606		18,324		0.00%		7.31%
	2013		0.00%		537		32.217787		17,301		0.00%		32.28%
	2012		0.00%		68		24.354864		1,656		0.00%		12.10%
	2011		0.00%		63		21.725830		1,369		0.00%		0.26%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
	2014		0.00%		69,362	$	37.272351	$	2,585,285		0.75%		9.85%
	2014		0.80%		56		49.126371		2,751		0.75%		8.98%
	2014		1.00%		27,195		19.149762		520,778		0.75%		8.76%
	2013		0.00%		76,029		33.929461		2,579,623		1.19%		31.14%
	2013		0.80%		56		45.079527		2,524		1.19%		30.09%
	2013		1.00%		29,271		17.607455		515,388		1.19%		29.83%
	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%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
	2014		0.00%		1,220		22.175231		27,054		0.68%		13.56%
	2013		0.00%		1,376		19.528070		26,871		0.82%		36.71%
	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%
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
	2014		0.00%		274		22.169924		6,075		0.00%		3.47%
	2014		0.50%		8,407		20.913605		175,821		0.00%		2.95%
	2014		0.80%		881		20.194182		17,791		0.00%		2.65%
	2013		0.00%		843		21.426193		18,062		0.00%		45.83%
	2013		0.50%		7,637		20.313368		155,133		0.00%		45.11%
	2013		0.80%		708		19.673555		13,929		0.00%		44.67%
	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%
Socially Responsive Portfolio - I Class Shares (AMSRS)
	2014		0.00%		1,211		29.278575		35,456		0.37%		10.38%
	2014		0.50%		25,368		27.619420		700,649		0.37%		9.83%
	2014		0.80%		2,069		26.669361		55,179		0.37%		9.50%
	2013		0.00%		1,293		26.524850		34,297		0.78%		37.60%
	2013		0.50%		27,419		25.147151		689,510		0.78%		36.92%
	2013		0.80%		3,040		24.355078		74,039		0.78%		36.51%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Capital Income Fund/VA - Non-Service Shares (OVMS)
	2014		0.00%		20,975	$	26.485875	$	555,541		2.05%		8.20%
	2014		0.50%		88,630		41.962635		3,719,148		2.05%		7.66%
	2014		0.80%		31,454		38.678263		1,216,586		2.05%		7.34%
	2014		1.00%		42,043		14.038358		590,215		2.05%		7.12%
	2013		0.00%		23,362		24.479189		571,883		2.38%		13.17%
	2013		0.50%		91,522		38.977736		3,567,320		2.38%		12.60%
	2013		0.80%		35,610		36.034905		1,283,203		2.38%		12.27%
	2013		1.00%		47,341		13.105120		620,409		2.38%		12.04%
	2013		1.30%		48		33.555465		1,611		2.38%		11.71%
	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%
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
	2010		0.80%		5		16.349692		82		0.20%		7.61%
Core Bond Fund/VA - Non-Service Shares (OVB)
	2014		0.00%		31,891		18.457037		588,613		4.76%		7.27%
	2014		0.50%		75,579		26.804199		2,025,835		4.76%		6.73%
	2014		0.80%		26,194		23.669529		620,000		4.76%		6.41%
	2014		1.00%		34,890		12.601657		439,672		4.76%		6.20%
	2013		0.00%		35,901		17.206945		617,747		5.06%		-0.10%
	2013		0.50%		128,564		25.113977		3,228,753		5.06%		-0.60%
	2013		0.80%		29,928		22.243594		665,706		5.06%		-0.90%
	2013		1.00%		40,654		11.866194		482,408		5.06%		-1.09%
	2013		1.30%		87		21.524233		1,873		5.06%		-1.39%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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)
	2014		0.00%		31,581	$	59.086198	$	1,866,001		1.24%		2.29%
	2014		0.50%		256,527		66.543578		17,070,224		1.24%		1.78%
	2014		0.80%		41,216		63.695578		2,625,277		1.24%		1.48%
	2014		1.00%		48,669		19.616036		954,693		1.24%		1.27%
	2013		0.00%		25,705		57.762074		1,484,774		1.38%		27.31%
	2013		0.50%		164,315		65.378449		10,742,660		1.38%		26.67%
	2013		0.80%		26,742		62.768366		1,678,552		1.38%		26.29%
	2013		1.00%		52,368		19.369184		1,014,325		1.38%		26.04%
	2013		1.30%		10		56.724747		567		1.38%		25.66%
	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%
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
	2014		0.00%		21,173		18.220430		385,781		0.81%		10.70%
	2014		0.50%		47,078		16.932003		797,125		0.81%		10.15%
	2014		0.80%		7,321		16.203092		118,623		0.81%		9.82%
	2014		1.00%		10,278		15.725988		161,632		0.81%		9.60%
	2013		0.00%		21,539		16.458811		354,506		1.10%		31.77%
	2013		0.50%		45,618		15.371629		701,223		1.10%		31.12%
	2013		0.80%		10,025		14.754067		147,910		1.10%		30.72%
	2013		1.00%		4,106		14.348295		58,914		1.10%		30.46%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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)
	2014		0.00%		2,745	$	39.650231	$	108,840		0.86%		11.93%
	2014		0.50%		28,891		37.403435		1,080,623		0.86%		11.38%
	2014		0.80%		4,004		36.116929		144,612		0.86%		11.04%
	2013		0.00%		3,573		35.423066		126,567		0.95%		41.01%
	2013		0.50%		34,448		33.583284		1,156,877		0.95%		40.31%
	2013		0.80%		7,508		32.525596		244,202		0.95%		39.89%
	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%
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
	2014		0.00%		5,294		10.472729		55,443		0.00%		5.78%
	2014		0.50%		61,812		9.731996		601,554		0.00%		5.26%
	2014		0.80%		21,120		9.312908		196,689		0.00%		4.94%
	2014		1.00%		26,040		8.006363		208,486		0.00%		4.73%
	2013		0.00%		7,017		9.900062		69,469		0.01%		35.98%
	2013		0.50%		67,291		9.245959		622,170		0.01%		35.31%
	2013		0.80%		24,938		8.874402		221,310		0.01%		34.90%
	2013		1.00%		24,456		7.644653		186,958		0.01%		34.63%
	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%
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
	2014		0.00%		3,514		10.454655		36,738		4.12%		2.84%
	2014		0.50%		16,193		10.341321		167,457		4.12%		2.33%
	2014		0.80%		1,964		10.273885		20,178		4.12%		2.02%
	2013		0.00%		4,623		10.166070		46,998		4.89%		-0.13%
	2013		0.50%		10,314		10.106259		104,236		4.89%		-0.63%
	2013		0.80%		2,809		10.070537		28,288		4.89%		-0.93%
	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)
	2014		0.50%		17,361		10.658413		185,041		4.03%		-0.03%
	2014		0.80%		2,633		10.573486		27,840		4.03%		-0.33%
	2013		0.50%		42,586		10.661336		454,024		4.32%		-0.23%
	2013		0.80%		4,166		10.608164		44,194		4.32%		-0.53%
	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
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
	2014		0.50%		298		7.405558		2,207		0.22%		-25.94%		5/1/2014
	2014		0.80%		301		7.390691		2,225		0.22%		-26.09%		5/1/2014

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
	2014		0.50%		26,282	$	12.544818	$	329,703		2.05%		-0.10%
	2014		0.80%		955		12.331826		11,777		2.05%		-0.40%
	2013		0.00%		517		12.854946		6,646		1.79%		-6.47%
	2013		0.50%		42,182		12.557432		529,698		1.79%		-6.94%
	2013		0.80%		1,172		12.381567		14,511		1.79%		-7.22%
	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%
Low Duration Portfolio - Administrative Class (PMVLDA)
	2014		0.00%		30,065		12.536937		376,923		1.12%		0.85%
	2014		0.50%		97,346		12.185567		1,186,216		1.12%		0.34%
	2014		0.80%		8,703		11.978669		104,250		1.12%		0.04%
	2013		0.00%		31,197		12.431406		387,823		1.47%		-0.13%
	2013		0.50%		118,845		12.143708		1,443,219		1.47%		-0.63%
	2013		0.80%		9,183		11.973624		109,954		1.47%		-0.93%
	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%
Total Return Portfolio - Administrative Class (PMVTRA)
	2014		0.50%		82,384		11.119351		916,057		2.10%		3.75%
	2014		0.80%		3,635		10.996665		39,973		2.10%		3.44%
	2013		0.50%		111,647		10.717485		1,196,575		2.18%		-2.45%
	2013		0.80%		5,095		10.631288		54,166		2.18%		-2.74%
	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
VT Growth & Income Fund: Class IB (PVGIB)
	2014		0.00%		354		24.581005		8,702		1.13%		10.73%
	2014		0.50%		8,422		23.187961		195,289		1.13%		10.18%
	2014		0.80%		1,124		22.390312		25,167		1.13%		9.85%
	2013		0.00%		363		22.198468		8,058		2.08%		35.68%
	2013		0.50%		4,959		21.045411		104,364		2.08%		35.00%
	2013		0.80%		1,126		20.382519		22,951		2.08%		34.60%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VT International Equity Fund: Class IB (PVTIGB)
	2014		0.00%		218	$	21.460987	$	4,678		0.90%		-6.78%
	2014		0.50%		11,540		20.244640		233,623		0.90%		-7.24%
	2014		0.80%		1,760		19.548168		34,405		0.90%		-7.52%
	2013		0.00%		224		23.021172		5,157		1.39%		28.07%
	2013		0.50%		11,936		21.825300		260,507		1.39%		27.43%
	2013		0.80%		1,673		21.137809		35,364		1.39%		27.05%
	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%
VT Voyager Fund: Class IB (PVTVB)
	2014		0.00%		695		27.009337		18,771		0.80%		9.72%
	2014		0.50%		16,323		25.478744		415,890		0.80%		9.17%
	2014		0.80%		1,754		24.602302		43,152		0.80%		8.85%
	2013		0.00%		793		24.616350		19,521		0.77%		43.72%
	2013		0.50%		18,702		23.337763		436,463		0.77%		43.01%
	2013		0.80%		2,505		22.602678		56,620		0.77%		42.58%
	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%
VI American Franchise Fund - Series I Shares (ACEG)
	2014		0.00%		3,043		14.816518		45,087		0.06%		8.44%
	2014		0.50%		1,115		14.619541		16,301		0.06%		7.90%
	2014		0.80%		793		14.502589		11,501		0.06%		7.58%
	2013		0.50%		1,211		13.549301		16,408		0.38%		39.44%
	2013		0.80%		616		13.481308		8,304		0.38%		39.02%
	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
VI Value Opportunities Fund - Series I Shares (AVBVI)
	2014		0.00%		242		22.000815		5,324		1.34%		6.62%
	2013		0.00%		306		20.634996		6,314		0.67%		33.75%
	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%
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
	2014		0.50%		2,314		13.354025		30,901		0.05%		3.91%
	2013		0.50%		96		12.851090		1,234		0.43%		28.17%
Variable Fund - Multi-Hedge Strategies (RVARS)
	2014		0.50%		637		10.374436		6,609		0.00%		4.14%
	2014		0.80%		35		10.322638		361		0.00%		3.83%
	2013		0.80%		29		9.942289		288		0.00%		-0.58%		5/1/2013

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Health Sciences Portfolio - II (TRHS2)
	2014		0.00%		18,416	$	30.377400	$	559,430		0.00%		31.22%
	2014		0.50%		150,405		29.677828		4,463,694		0.00%		30.57%
	2014		0.80%		15,601		29.265799		456,576		0.00%		30.18%
	2013		0.00%		19,954		23.149472		461,925		0.00%		50.51%
	2013		0.50%		153,298		22.729602		3,484,403		0.00%		49.76%
	2013		0.80%		20,374		22.481324		458,034		0.00%		49.31%
	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
Limited-Term Bond Portfolio - II (TRLT2)
	2014		0.00%		2,898		12.888029		37,350		1.01%		0.39%
	2013		0.00%		2,608		12.837345		33,480		1.36%		-0.12%
	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		2.56%		2.86%
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)
	2014		0.00%		5,016		23.756928		119,165		4.92%		2.18%
	2014		0.50%		19,801		30.150289		597,006		4.92%		1.67%
	2014		0.80%		6,704		26.365744		176,756		4.92%		1.37%
	2014		1.00%		26,879		19.005477		510,848		4.92%		1.17%
	2013		0.00%		5,096		23.249070		118,477		2.33%		-9.17%
	2013		0.50%		20,817		29.653654		617,300		2.33%		-9.62%
	2013		0.80%		7,163		26.009363		186,305		2.33%		-9.89%
	2013		1.00%		28,068		18.786130		527,289		2.33%		-10.07%
	2013		1.30%		79		25.415144		2,008		2.33%		-10.34%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
	2014		0.00%		28,222	$	32.820007	$	926,246		0.51%		-0.41%
	2014		0.50%		132,065		29.827116		3,939,118		0.51%		-0.91%
	2014		0.80%		17,426		28.412384		495,114		0.51%		-1.21%
	2014		1.00%		17,100		32.023690		547,605		0.51%		-1.41%
	2013		0.00%		31,368		32.956519		1,033,780		1.56%		12.02%
	2013		0.50%		142,175		30.101401		4,279,667		1.56%		11.46%
	2013		0.80%		19,831		28.759870		570,337		1.56%		11.13%
	2013		1.00%		18,575		32.480271		603,321		1.56%		10.91%
	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%
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
	2014		0.00%		16,021		33.483626		536,441		0.09%		-19.10%
	2014		0.50%		80,111		45.444258		3,640,585		0.09%		-19.51%
	2014		0.80%		10,439		52.714985		550,292		0.09%		-19.75%
	2014		1.00%		25,649		32.334355		829,344		0.09%		-19.91%
	2013		0.00%		17,973		41.390053		743,903		0.71%		10.53%
	2013		0.50%		86,950		56.457132		4,908,948		0.71%		9.98%
	2013		0.80%		12,955		65.687029		850,975		0.71%		9.65%
	2013		1.00%		27,875		40.372010		1,125,370		0.71%		9.43%
	2013		1.30%		9		54.718336		492		0.71%		9.11%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Variable Insurance Portfolios - Asset Strategy (WRASP)
	2014		0.00%		9,468	$	17.047121	$	161,402		0.50%		-5.26%
	2014		0.50%		138,670		16.570896		2,297,886		0.50%		-5.74%
	2014		0.80%		16,678		16.291499		271,710		0.50%		-6.02%
	2013		0.00%		10,896		17.994414		196,067		1.27%		25.13%
	2013		0.50%		144,031		17.579459		2,531,987		1.27%		24.51%
	2013		0.80%		17,448		17.335032		302,462		1.27%		24.13%
	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%
Variable Insurance Portfolios - High Income (WRHIP)
	2014		0.50%		54,003		12.122263		654,639		4.18%		1.40%
	2014		0.80%		5,736		12.025707		68,979		4.18%		1.09%
	2013		0.50%		80,665		11.955327		964,376		4.88%		9.95%
	2013		0.80%		7,636		11.895726		90,836		4.88%		9.62%
	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)
	2014		0.50%		22,599		14.046779		317,443		0.00%		7.33%
	2014		0.80%		1,882		13.934874		26,225		0.00%		7.01%
	2013		0.50%		25,515		13.087276		333,922		0.00%		29.29%
	2013		0.80%		1,664		13.022032		21,669		0.00%		28.90%
	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
Advantage VT Discovery Fund (SVDF)
	2014		0.00%		3,666		52.479577		192,390		0.00%		0.36%
	2014		1.00%		19,034		32.960048		627,362		0.00%		-0.64%
	2013		0.00%		3,753		52.293829		196,259		0.01%		43.80%
	2013		1.00%		19,578		33.173614		649,473		0.01%		42.37%
	2013		1.30%		75		68.427642		5,132		0.01%		41.94%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Advantage VT Opportunity Fund - Class 2 (SVOF)
	2014		0.00%		10,959	$	56.058764	$	614,348		0.06%		10.42%
	2014		0.50%		405		101.410513		41,071		0.06%		9.87%
	2014		0.80%		132		97.269761		12,840		0.06%		9.54%
	2014		1.00%		40,736		22.204418		904,519		0.06%		9.33%
	2013		0.00%		12,232		50.766884		620,981		0.19%		30.68%
	2013		0.50%		407		92.297867		37,565		0.19%		30.03%
	2013		0.80%		130		88.795213		11,543		0.19%		29.64%
	2013		1.00%		41,935		20.310451		851,719		0.19%		29.38%
	2013		1.30%		62		79.677043		4,940		0.19%		28.99%
	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%
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
	2014		0.00%		691		25.389071		17,544		0.00%		-1.88%
	2014		0.50%		12,148		24.679909		299,812		0.00%		-2.37%
	2014		0.80%		1,874		24.263932		45,471		0.00%		-2.66%
	2013		0.00%		546		25.874760		14,128		0.00%		50.23%
	2013		0.50%		20,549		25.278178		519,441		0.00%		49.48%
	2013		0.80%		2,707		24.926824		67,477		0.00%		49.03%
	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%
Global Securities Fund/VA - Class 3 (obsolete) (OVGS3)
	2013		0.00%		24,114		20.707226		499,334		1.38%		27.34%
	2013		0.50%		359,779		19.829099		7,134,093		1.38%		26.70%
	2013		0.80%		79,174		19.320265		1,529,663		1.38%		26.32%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		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%
Templeton Developing Markets Securities Fund - Class 3 (obsolete) (FTVDM3)
	2013		0.00%		4,965		19.119582		94,929		1.94%		-0.97%
	2013		0.50%		45,657		18.308816		835,926		1.94%		-1.47%
	2013		0.80%		7,143		17.838977		127,424		1.94%		-1.76%
	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%
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3)
	2013		0.00%		4,947		18.236527		90,216		2.22%		22.98%
	2013		0.50%		73,327		17.463266		1,280,529		2.22%		22.37%
	2013		0.80%		7,835		17.015082		133,313		2.22%		22.00%
	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%
Templeton Global Bond Securities Fund - Class 3 (obsolete) (FTVGI3)
	2013		0.00%		12,756		20.700503		264,056		4.53%		1.64%
	2013		0.50%		95,008		19.822913		1,883,335		4.53%		1.13%
	2013		0.80%		10,281		19.314319		198,571		4.53%		0.83%
	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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
Federated NVIT High Income Bond Fund - Class III (obsolete) (HIBF3)
	2013		0.00%		15,332	$	18.202636	$	279,083		6.11%		6.94%
	2013		0.50%		60,057		17.431017		1,046,855		6.11%		6.40%
	2013		0.80%		6,318		16.983857		107,304		6.11%		6.09%
	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%
NVIT Emerging Markets Fund - Class III (obsolete) (GEM3)
	2013		0.00%		21,484		19.481483		418,540		1.16%		0.75%
	2013		0.50%		89,902		18.655252		1,677,144		1.16%		0.25%
	2013		0.80%		18,368		18.176470		333,865		1.16%		-0.05%
	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%
NVIT International Equity Fund - Class III (obsolete) (GIG3)
	2013		0.00%		28,099		9.956257		279,761		0.53%		17.81%
	2013		0.50%		315,286		9.678019		3,051,344		0.53%		17.23%
	2013		0.80%		58,774		9.514826		559,224		0.53%		16.87%
	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%
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%
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%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
NVIT International Index Fund - Class VI (obsolete) (GVIX6)
	2013		0.00%		13,690	$	11.841416	$	162,109		2.52%		21.27%
	2013		0.50%		29,809		11.395830		339,698		2.52%		20.67%
	2013		0.80%		539		11.136536		6,003		2.52%		20.31%
	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%
NVIT Multi-Manager International Growth Fund - Class III (obsolete) (NVMIG3)
	2013		0.00%		16,184		12.166606		196,904		1.24%		21.34%
	2013		0.50%		299,439		11.826670		3,541,366		1.24%		20.74%
	2013		0.80%		61,094		11.627292		710,358		1.24%		20.37%
	2013		1.00%		8,856		18.812997		166,608		1.24%		20.13%
	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%
NVIT Multi-Manager International Value Fund - Class III (obsolete) (GVDIV3)
	2013		0.00%		8,619		12.775201		110,109		2.31%		21.42%
	2013		0.50%		25,764		12.233332		315,180		2.31%		20.82%
	2013		0.80%		5,724		11.919240		68,226		2.31%		20.45%
	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%
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%
AllianceBernstein NVIT Global Fixed Income Fund - Class VI (obsolete) (NVAGF6)
	2010		0.00%		905		12.305369		11,136		5.31%		7.76%
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%
NVIT Worldwide Leaders Fund - Class III (obsolete) (GEF3)
	2010		0.50%		5,113		14.811453		75,731		0.94%		10.81%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS

December 31, 2014

		Contract Expense Rate*		Units		Unit Fair Value		Contract   Owners’ Equity		Investment   Income Ratio**		Total   Return***		Inception   Date****
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%
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%
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%
VP Vista(SM) Fund - Class I (obsolete) (ACVVS1)
	2013		0.00%		2,561		18.872253		48,332		0.00%		30.17%
	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%
	2014		Contract owners equity:							$	659,613,121
	2013		Contract owners equity:							$	677,429,029
	2012		Contract owners equity:							$	598,222,370
	2011		Contract owners equity:							$	589,437,248
	2010		Contract owners equity:							$	647,741,695

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