NATIONWIDE

VLI SEPARATE

ACCOUNT-2

Annual Report

to

Contract Owners

December 31, 2015

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, 2015, 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, 2015, 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, 2015, 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 16, 2016

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2015

Assets:
Investments at fair value:
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
44 shares (cost $521)	$	500
Global Allocation V.I. Fund - Class II (MLVGA2)
218,787 shares (cost $3,584,724)		3,290,560
VIP Small Cap Value Series: Service Class (DWVSVS)
6,195 shares (cost $241,442)		208,030
Stock Index Fund, Inc. - Initial Shares (DSIF)
1,001,232 shares (cost $30,337,377)		43,473,494
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)
173,088 shares (cost $5,043,647)		6,674,257
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
925 shares (cost $10,730)		10,067
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
53,184 shares (cost $246,340)		286,131
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
11,288 shares (cost $134,564)		115,139
Balanced Portfolio: Service Shares (JABS)
42,780 shares (cost $1,286,861)		1,352,290
Forty Portfolio: Service Shares (JACAS)
131,676 shares (cost $5,023,836)		4,619,181
Global Technology Portfolio: Service Shares (JAGTS)
279,402 shares (cost $2,212,933)		2,165,365
Overseas Portfolio: Service Shares (JAIGS)
97,802 shares (cost $3,580,106)		2,722,799
Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)
12,372 shares (cost $218,132)		202,658
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
8,598 shares (cost $163,118)		133,187
Value Series - Initial Class (MVFIC)
142,222 shares (cost $2,399,869)		2,615,465
Core Plus Fixed Income Portfolio - Class I (MSVFI)
25,047 shares (cost $262,787)		256,734
Emerging Markets Debt Portfolio - Class I (MSEM)
107,030 shares (cost $941,240)		797,371
U.S. Real Estate Portfolio - Class I (MSVRE)
62,386 shares (cost $1,036,227)		1,265,193
NVIT Investor Destinations Managed Growth Class I (IDPG)
15,320 shares (cost $159,969)		153,659
NVIT Bond Index Fund Class I (NVBX)
7,699 shares (cost $82,477)		79,837
NVIT International Index Fund Class I (NVIX)
10,250 shares (cost $94,726)		89,177
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
439,642 shares (cost $6,811,631)		6,774,877
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
123,010 shares (cost $2,743,172)		2,903,027
American Funds NVIT Bond Fund - Class II (GVABD2)
59,835 shares (cost $656,139)		678,532
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
55,181 shares (cost $1,581,852)		1,626,731
American Funds NVIT Growth Fund - Class II (GVAGR2)
21,088 shares (cost $1,271,059)		1,820,083
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
15,147 shares (cost $798,269)		830,183
Federated NVIT High Income Bond Fund - Class I (HIBF)
160,578 shares (cost $1,105,114)		971,496
NVIT Emerging Markets Fund - Class I (GEM)
234,436 shares (cost $2,663,696)		2,147,436
NVIT International Equity Fund - Class I (GIG)
389,661 shares (cost $4,170,053)		3,717,363
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
1,457,397 shares (cost $12,710,859)		13,189,444
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
8,281 shares (cost $122,858)		110,882
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
32,020 shares (cost $328,986)		306,116
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
67,455 shares (cost $756,299)		741,333
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
59,503 shares (cost $699,229)		639,058
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
4,553 shares (cost $50,177)		45,666
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
113,892 shares (cost $1,190,287)		1,238,011
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
74,403 shares (cost $760,546)		709,064
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
17,163 shares (cost $191,878)		182,270
NVIT Core Bond Fund - Class I (NVCBD1)
48,504 shares (cost $529,485)		507,357
NVIT Core Plus Bond Fund - Class I (NVLCP1)
10,661 shares (cost $123,646)		118,446
NVIT Nationwide Fund - Class I (TRF)
3,266,298 shares (cost $33,525,741)		47,589,967
NVIT Government Bond Fund - Class I (GBF)
525,137 shares (cost $6,183,234)		5,702,989
American Century NVIT Growth Fund - Class I (CAF)
669,957 shares (cost $7,878,836)		13,600,120
NVIT International Index Fund - Class II (GVIX2)
45,217 shares (cost $441,354)		392,935
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
158,179 shares (cost $1,420,653)		1,994,641
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
23,684 shares (cost $359,880)		351,474
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
5,762 shares (cost $101,138)		96,687
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
46,358 shares (cost $488,261)		459,875
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
271,182 shares (cost $2,984,490)		3,400,623
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
374,138 shares (cost $3,990,772)		4,972,292
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
321,780 shares (cost $3,351,678)		3,565,326
NVIT Mid Cap Index Fund - Class I (MCIF)
272,679 shares (cost $5,655,491)		6,121,649
NVIT Money Market Fund - Class I (SAM)
15,331,412 shares (cost $15,331,412)		15,331,412
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
407,139 shares (cost $4,915,225)		4,177,243
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
60,095 shares (cost $658,862)		567,301
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
145,315 shares (cost $1,967,320)		1,833,874
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
125,191 shares (cost $1,464,755)		1,246,904
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
2,578,848 shares (cost $24,538,030)		27,722,614
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2,162,182 shares (cost $21,529,789)		21,751,549
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
82,844 shares (cost $1,659,802)		1,521,018
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
380,937 shares (cost $4,931,000)		5,020,755
NVIT Multi-Manager Small Company Fund - Class I (SCF)
725,785 shares (cost $13,119,621)		14,943,912
NVIT Multi-Sector Bond Fund - Class I (MSBF)
120,324 shares (cost $1,121,182)		1,044,412
NVIT Short Term Bond Fund - Class II (NVSTB2)
53,337 shares (cost $554,512)		541,903
NVIT Large Cap Growth Fund - Class I (NVOLG1)
2,527,485 shares (cost $42,584,919)		50,524,418
Templeton NVIT International Value Fund - Class III (NVTIV3)
16,336 shares (cost $216,225)		177,736
Invesco NVIT Comstock Value Fund - Class I (EIF)
51,998 shares (cost $735,737)		796,088
NVIT Real Estate Fund - Class I (NVRE1)
1,376,150 shares (cost $11,522,236)		8,931,215
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
109 shares (cost $1,282)		1,133
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
902 shares (cost $10,505)		9,782
NVIT Small Cap Index Fund Class II (NVSIX2)
9,614 shares (cost $129,651)		114,890
NVIT S&P 500 Index Fund Class I (GVEX1)
158,941 shares (cost $2,230,162)		2,221,990
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
195 shares (cost $2,101)		2,035
VPS Growth and Income Portfolio - Class A (ALVGIA)
10,421 shares (cost $276,957)		313,883
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
61,273 shares (cost $1,224,068)		1,059,414
VP Balanced Fund - Class I (ACVB)
749,163 shares (cost $5,288,339)		5,191,702
VP Capital Appreciation Fund - Class I (ACVCA)
108,614 shares (cost $1,423,006)		1,631,388
VP Income & Growth Fund - Class I (ACVIG)
226,624 shares (cost $2,015,207)		1,942,165
VP Inflation Protection Fund - Class II (ACVIP2)
107,554 shares (cost $1,226,440)		1,069,087
VP International Fund - Class I (ACVI)
51,464 shares (cost $433,340)		515,669
VP Mid Cap Value Fund - Class I (ACVMV1)
112,320 shares (cost $2,008,058)		2,065,570
VP Ultra(R) Fund - Class I (ACVU1)
11,126 shares (cost $174,332)		172,123
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
121,694 shares (cost $2,090,981)		2,033,502
Appreciation Portfolio - Initial Shares (DCAP)
94,039 shares (cost $3,841,566)		4,253,395
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
9,527 shares (cost $425,030)		438,441
Growth and Income Portfolio - Initial Shares (DGI)
49,450 shares (cost $1,161,800)		1,482,517
Managed Tail Risk Fund II: Primary Shares (FVCA2P)
29,457 shares (cost $183,143)		150,526
Quality Bond Fund II - Primary Shares (FQB)
106,996 shares (cost $1,209,028)		1,173,746
Equity-Income Portfolio - Initial Class (FEIP)
1,802,704 shares (cost $39,919,419)		36,883,317
High Income Portfolio - Initial Class (FHIP)
1,760,676 shares (cost $9,990,262)		8,715,345
VIP Asset Manager Portfolio - Initial Class (FAMP)
719,540 shares (cost $10,721,850)		11,339,948
VIP Energy Portfolio - Service Class 2 (FNRS2)
106,466 shares (cost $2,380,084)		1,651,280
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
31,756 shares (cost $366,467)		385,520
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
96,765 shares (cost $1,048,047)		1,200,849
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
88,040 shares (cost $950,697)		1,114,588
VIP Growth Portfolio - Initial Class (FGP)
919,411 shares (cost $32,508,657)		60,451,285
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
168,928 shares (cost $2,176,577)		2,067,683
VIP Mid Cap Portfolio - Service Class (FMCS)
212,400 shares (cost $6,701,293)		6,883,882
VIP Overseas Portfolio - Initial Class (FOP)
274,205 shares (cost $5,296,274)		5,231,839
VIP Overseas Portfolio - Service Class (FOS)
204,979 shares (cost $4,152,261)		3,894,600
VIP Value Strategies Portfolio - Service Class (FVSS)
55,072 shares (cost $750,518)		799,643
Franklin Income Securities Fund - Class 2 (FTVIS2)
116,218 shares (cost $1,849,655)		1,650,300
Rising Dividends Securities Fund - Class 1 (FTVRDI)
168,520 shares (cost $4,205,113)		4,256,809
Small Cap Value Securities Fund - Class 1 (FTVSVI)
125,593 shares (cost $2,269,471)		2,275,746
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
111,496 shares (cost $1,045,335)		704,656
Templeton Foreign Securities Fund - Class 1 (TIF)
7,541 shares (cost $96,105)		101,500
Templeton Foreign Securities Fund - Class 2 (TIF2)
77,081 shares (cost $1,327,008)		1,017,470
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
132,592 shares (cost $2,444,893)		2,094,951
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
36,969 shares (cost $278,605)		249,539
Short Duration Bond Portfolio - I Class Shares (AMTB)
238,474 shares (cost $2,596,833)		2,508,752
Guardian Portfolio - I Class Shares (AMGP)
8,758 shares (cost $182,155)		146,251
International Portfolio - S Class Shares (AMINS)
1,850 shares (cost $19,556)		20,632
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
76,328 shares (cost $1,809,885)		1,734,945
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
9,449 shares (cost $210,531)		201,742
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
194,572 shares (cost $1,904,094)		2,566,398
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
1,210 shares (cost $17,264)		21,522
Socially Responsive Portfolio - I Class Shares (AMSRS)
31,876 shares (cost $576,471)		684,059
Capital Income Fund/VA - Non-Service Shares (OVMS)
382,991 shares (cost $5,580,898)		5,538,053
Core Bond Fund/VA - Non-Service Shares (OVB)
454,696 shares (cost $3,288,393)		3,505,705
Global Securities Fund/VA - Non-Service Shares (OVGS)
579,350 shares (cost $20,607,994)		22,015,306
International Growth Fund/VA - Non-Service Shares (OVIG)
13,149 shares (cost $29,875)		28,929
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
43,383 shares (cost $1,234,368)		1,268,528
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
73,386 shares (cost $1,747,576)		1,564,583
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
15,221 shares (cost $984,718)		1,169,716
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
43,517 shares (cost $231,958)		212,362
All Asset Portfolio - Administrative Class (PMVAAA)
23,123 shares (cost $254,994)		210,415
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
946 shares (cost $9,112)		6,540
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
30,215 shares (cost $340,979)		290,370
Low Duration Portfolio - Administrative Class (PMVLDA)
151,933 shares (cost $1,606,678)		1,557,311
Total Return Portfolio - Administrative Class (PMVTRA)
93,255 shares (cost $1,043,815)		986,641
VT Growth & Income Fund: Class IB (PVGIB)
3,877 shares (cost $96,654)		91,991
VT International Equity Fund: Class IB (PVTIGB)
18,419 shares (cost $255,934)		240,730
VT Voyager Fund: Class IB (PVTVB)
12,729 shares (cost $592,309)		556,515
VI American Franchise Fund - Series I Shares (ACEG)
1,164 shares (cost $59,239)		66,690
VI Value Opportunities Fund - Series I Shares (AVBVI)
509 shares (cost $3,710)		3,981
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
69 shares (cost $962)		838
Variable Fund - Multi-Hedge Strategies (RVARS)
2,093 shares (cost $50,195)		50,409
Health Sciences Portfolio - II (TRHS2)
166,104 shares (cost $6,003,265)		6,257,127
Limited-Term Bond Portfolio - II (TRLT2)
12,899 shares (cost $63,102)		62,175
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)
136,694 shares (cost $1,437,002)		1,042,976
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
384,327 shares (cost $4,988,613)		4,035,435
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
189,088 shares (cost $5,926,177)		3,191,807
Variable Insurance Portfolios - Asset Strategy (WRASP)
257,809 shares (cost $2,711,562)		2,140,796
Variable Insurance Portfolios - High Income (WRHIP)
180,863 shares (cost $681,596)		606,125
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
31,779 shares (cost $341,328)		299,420
Advantage VT Discovery Fund (SVDF)
28,604 shares (cost $836,721)		743,413
Advantage VT Opportunity Fund - Class 2 (SVOF)
56,973 shares (cost $978,828)		1,427,179
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
48,324 shares (cost $487,361)		413,657
Total Investments	$	600,433,133
Other Accounts Receivable		237,072
Accounts Receivable - VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)		3
Accounts Receivable - TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)		4
Accounts Receivable - NVIT Cardinal Conservative Fund - Class I (NVCCN1)		12
Accounts Receivable - Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)		1
Accounts Payable - VP Capital Appreciation Fund - Class I (ACVCA)		(10,340	)
Accounts Payable - VP International Fund - Class I (ACVI)		(15,768	)
Accounts Payable - Short Duration Bond Portfolio - I Class Shares (AMTB)		(1,931	)
Accounts Payable - Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		(2,417	)
Accounts Payable - VI Value Opportunities Fund - Series I Shares (AVBVI)		(1	)
Accounts Payable - VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)		(4	)
Accounts Payable - Stock Index Fund, Inc. - Initial Shares (DSIF)		(12,917	)
Accounts Payable - VIP Asset Manager Portfolio - Initial Class (FAMP)		(4,400	)
Accounts Payable - Equity-Income Portfolio - Initial Class (FEIP)		(24,891	)
Accounts Payable - VIP Growth Portfolio - Initial Class (FGP)		(18,550	)
Accounts Payable - High Income Portfolio - Initial Class (FHIP)		(5,008	)
Accounts Payable - VIP Overseas Portfolio - Initial Class (FOP)		(3,322	)
Accounts Payable - NVIT Government Bond Fund - Class I (GBF)		(2,908	)
Accounts Payable - U.S. Real Estate Portfolio - Class I (MSVRE)		(561	)
Accounts Payable - Core Bond Fund/VA - Non-Service Shares (OVB)		(4,615	)
Accounts Payable - Global Securities Fund/VA - Non-Service Shares (OVGS)		(26,713	)
Accounts Payable - Capital Income Fund/VA - Non-Service Shares (OVMS)		(4,203	)
Accounts Payable - CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)		(2	)
Accounts Payable - NVIT Money Market Fund - Class I (SAM)		89,621
Accounts Payable - NVIT Multi-Manager Small Company Fund - Class I (SCF)		(43,691	)
Accounts Payable - Advantage VT Opportunity Fund - Class 2 (SVOF)		(12,043	)
Accounts Payable - VIP Trust Global Hard Assets Fund - Initial Class (VWHA)		(8,178	)
	$	600,557,383
Contract Owners’ Equity:
Accumulation units		600,557,383
Total Contract Owners’ Equity (note 5)	$	600,557,383

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	Total			ALVDAA			MLVGA2			DWVSVS			DSIF			DSRG			GVGMNS			IVKMG1
Reinvested dividends	$	8,296,051			5			32,235			972			818,494			76,375			9			-
Asset charges (note 3)		(3,368,148	)		(6	)		(14,870	)		(1,198	)		(216,897	)		(40,733	)		(102	)		(1,299	)
Net investment income (loss)		4,927,903			(1	)		17,365			(226	)		601,597			35,642			(93	)		(1,299	)
Realized gain (loss) on investments		17,669,057			(14	)		1,371			(3,425	)		1,693,402			363,453			494			9,436
Change in unrealized gain (loss) on investments		(67,695,508	)		(3	)		(225,620	)		(30,718	)		(3,276,496	)		(1,606,073	)		(1,226	)		(26,888	)
Net gain (loss) on investments		(50,026,451	)		(17	)		(224,249	)		(34,143	)		(1,583,094	)		(1,242,620	)		(732	)		(17,452	)
Reinvested capital gains		42,758,276			11			174,038			21,809			1,267,240			958,115			220			20,625
Net increase (decrease) in contract owners’ equity resulting from operations	$	(2,340,272	)		(7	)		(32,846	)		(12,560	)		285,743			(248,863	)		(605	)		1,874
Investment Activity:	IVBRA1			JABS			JACAS			JAGTS			JAIGS			MV2IGI			MNDIC			MVFIC
Reinvested dividends	$	5,110			22,070			51,790			14,134			15,579			1,115			-			65,028
Asset charges (note 3)		(652	)		(6,302	)		(21,377	)		(8,639	)		(16,078	)		(888	)		(892	)		(12,809	)
Net investment income (loss)		4,458			15,768			30,413			5,495			(499	)		227			(892	)		52,219
Realized gain (loss) on investments		(82	)		46,342			4,089			99,883			(198,313	)		(1,396	)		(15,421	)		96,976
Change in unrealized gain (loss) on investments		(21,292	)		(103,709	)		(398,612	)		(243,901	)		(161,502	)		(15,474	)		8,614			(339,217	)
Net gain (loss) on investments		(21,374	)		(57,367	)		(394,523	)		(144,018	)		(359,815	)		(16,870	)		(6,807	)		(242,241	)
Reinvested capital gains		10,637			39,747			810,763			232,816			91,925			13,094			4,525			163,192
Net increase (decrease) in contract owners’ equity resulting from operations	$	(6,279	)		(1,852	)		446,653			94,293			(268,389	)		(3,549	)		(3,174	)		(26,830	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	MSVFI			MSEM			MSVRE			IDPG			NVBX			NVIX			NVAMV1			GVAAA2
Reinvested dividends	$	9,788			43,512			19,263			2,649			1,437			2,282			172,695			42,204
Asset charges (note 3)		(1,390	)		(4,120	)		(10,485	)		(123	)		(301	)		(383	)		(37,714	)		(14,411	)
Net investment income (loss)		8,398			39,392			8,778			2,526			1,136			1,899			134,981			27,793
Realized gain (loss) on investments		1,971			(16,928	)		132,570			(6	)		(72	)		(95	)		259,919			77,137
Change in unrealized gain (loss) on investments		(13,435	)		(33,883	)		(129,558	)		(6,310	)		(1,796	)		(5,182	)		(1,657,346	)		(228,084	)
Net gain (loss) on investments		(11,464	)		(50,811	)		3,012			(6,316	)		(1,868	)		(5,277	)		(1,397,427	)		(150,947	)
Reinvested capital gains		-			-			-			-			766			-			901,500			130,973
Net increase (decrease) in contract owners’ equity resulting from operations	$	(3,066	)		(11,419	)		11,790			(3,790	)		34			(3,378	)		(360,946	)		7,819
Investment Activity:	GVABD2			GVAGG2			GVAGR2			GVAGI2			HIBF			GEM			GIG			NVNMO1
Reinvested dividends	$	9,686			10,767			13,042			7,569			55,473			20,860			20,065			107,390
Asset charges (note 3)		(3,737	)		(8,266	)		(9,070	)		(4,685	)		(4,578	)		(13,263	)		(19,928	)		(71,803	)
Net investment income (loss)		5,949			2,501			3,972			2,884			50,895			7,597			137			35,587
Realized gain (loss) on investments		18,207			177,878			71,257			127,560			(17,229	)		(50,967	)		(1,086	)		375,791
Change in unrealized gain (loss) on investments		(28,852	)		(240,473	)		(19,829	)		(184,913	)		(71,904	)		(382,944	)		(274,637	)		(1,802,664	)
Net gain (loss) on investments		(10,645	)		(62,595	)		51,428			(57,353	)		(89,133	)		(433,911	)		(275,723	)		(1,426,873	)
Reinvested capital gains		297			149,454			47,984			61,100			10,047			-			147,138			1,184,849
Net increase (decrease) in contract owners’ equity resulting from operations	$	(4,399	)		89,360			103,384			6,631			(28,191	)		(426,314	)		(128,448	)		(206,437	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	NVNSR1			NVCRA1			NVCRB1			NVCCA1			NVCCN1			NVCMD1			NVCMA1			NVCMC1
Reinvested dividends	$	990			8,719			15,874			20,747			1,024			36,678			21,695			4,934
Asset charges (note 3)		(617	)		(1,830	)		(2,641	)		(3,747	)		(313	)		(6,249	)		(3,988	)		(845	)
Net investment income (loss)		373			6,889			13,233			17,000			711			30,429			17,707			4,089
Realized gain (loss) on investments		30,138			7,654			1,531			29,030			(1,976	)		20,771			17,894			13,529
Change in unrealized gain (loss) on investments		(47,990	)		(45,447	)		(35,316	)		(98,563	)		(243	)		(138,724	)		(111,061	)		(25,106	)
Net gain (loss) on investments		(17,852	)		(37,793	)		(33,785	)		(69,533	)		(2,219	)		(117,953	)		(93,167	)		(11,577	)
Reinvested capital gains		16,723			24,740			14,516			44,516			1,404			69,615			64,317			7,644
Net increase (decrease) in contract owners’ equity resulting from operations	$	(756	)		(6,164	)		(6,036	)		(8,017	)		(104	)		(17,909	)		(11,143	)		156
Investment Activity:	NVCBD1			NVLCP1			TRF			GBF			CAF			GVIX2			GVIDA			NVDBL2
Reinvested dividends	$	15,590			2,210			600,448			103,150			48,768			8,599			29,367			6,002
Asset charges (note 3)		(3,577	)		(779	)		(297,374	)		(30,726	)		(80,649	)		(1,414	)		(11,379	)		(576	)
Net investment income (loss)		12,013			1,431			303,074			72,424			(31,881	)		7,185			17,988			5,426
Realized gain (loss) on investments		(2,312	)		2,994			976,843			(54,615	)		759,586			(1,229	)		132,688			2,489
Change in unrealized gain (loss) on investments		(19,792	)		(5,352	)		(1,047,198	)		(51,863	)		(1,845,217	)		(12,853	)		(175,162	)		(16,823	)
Net gain (loss) on investments		(22,104	)		(2,358	)		(70,355	)		(106,478	)		(1,085,631	)		(14,082	)		(42,474	)		(14,334	)
Reinvested capital gains		2,380			956			-			-			1,681,069			-			-			7,693
Net increase (decrease) in contract owners’ equity resulting from operations	$	(7,711	)		29			232,719			(34,054	)		563,557			(6,897	)		(24,486	)		(1,215	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	NVDCA2			GVIDC			GVIDM			GVDMA			GVDMC			MCIF			SAM			NVMIG1
Reinvested dividends	$	1,543			7,867			57,466			76,366			61,235			71,034			-			31,536
Asset charges (note 3)		(635	)		(3,237	)		(17,536	)		(26,182	)		(20,269	)		(31,918	)		(89,560	)		(23,639	)
Net investment income (loss)		908			4,630			39,930			50,184			40,966			39,116			(89,560	)		7,897
Realized gain (loss) on investments		(2,706	)		435			396,898			54,913			15,493			187,748			-			(33,340	)
Change in unrealized gain (loss) on investments		(1,914	)		(21,745	)		(613,924	)		(256,094	)		(263,047	)		(802,059	)		-			(287,793	)
Net gain (loss) on investments		(4,620	)		(21,310	)		(217,026	)		(201,181	)		(247,554	)		(614,311	)		-			(321,133	)
Reinvested capital gains		5,379			15,741			159,441			94,766			187,054			407,893			-			259,733
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,667			(939	)		(17,655	)		(56,231	)		(19,534	)		(167,302	)		(89,560	)		(53,503	)
Investment Activity:	GVDIVI			NVMLG1			NVMLV1			NVMMG1			NVMMV2			SCGF			SCVF			SCF
Reinvested dividends	$	7,740			8,772			17,113			-			272,582			-			37,329			60,183
Asset charges (note 3)		(2,941	)		(11,154	)		(6,691	)		(166,025	)		(126,658	)		(6,848	)		(23,237	)		(83,817	)
Net investment income (loss)		4,799			(2,382	)		10,422			(166,025	)		145,924			(6,848	)		14,092			(23,634	)
Realized gain (loss) on investments		(2,308	)		208,737			55,042			1,158,366			670,460			81,446			448,885			(72,804	)
Change in unrealized gain (loss) on investments		(36,881	)		(331,028	)		(306,841	)		(5,388,566	)		(4,050,342	)		(267,373	)		(1,351,892	)		(1,849,853	)
Net gain (loss) on investments		(39,189	)		(122,291	)		(251,799	)		(4,230,200	)		(3,379,882	)		(185,927	)		(903,007	)		(1,922,657	)
Reinvested capital gains		-			156,654			170,378			4,299,066			2,475,846			196,919			546,767			1,659,488
Net increase (decrease) in contract owners’ equity resulting from operations	$	(34,390	)		31,981			(70,999	)		(97,159	)		(758,112	)		4,144			(342,148	)		(286,803	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	MSBF			NVSTB2			NVOLG1			NVTIV3			EIF			NVRE1			NVLCAP			NVLMP
Reinvested dividends	$	21,717			9,293			325,703			3,524			12,076			252,693			31			187
Asset charges (note 3)		(6,162	)		(3,198	)		(257,172	)		(979	)		(4,114	)		(52,341	)		(13	)		(21	)
Net investment income (loss)		15,555			6,095			68,531			2,545			7,962			200,352			18			166
Realized gain (loss) on investments		123			(7,523	)		1,979,169			(865	)		39,711			(37,780	)		(85	)		(6	)
Change in unrealized gain (loss) on investments		(52,530	)		(4,578	)		(7,496,685	)		(21,489	)		(102,042	)		(2,095,864	)		222			(723	)
Net gain (loss) on investments		(52,407	)		(12,101	)		(5,517,516	)		(22,354	)		(62,331	)		(2,133,644	)		137			(729	)
Reinvested capital gains		-			-			7,805,221			8,492			-			1,367,077			61			131
Net increase (decrease) in contract owners’ equity resulting from operations	$	(36,852	)		(6,006	)		2,356,236			(11,317	)		(54,369	)		(566,215	)		216			(432	)
Investment Activity:	NVSIX2			GVEX1			NOTG3			ALVGIA			ALVSVA			ACVB			ACVCA			ACVIG
Reinvested dividends	$	1,256			42,354			29			4,375			9,354			100,466			-			47,079
Asset charges (note 3)		(597	)		(11,869	)		(18	)		(1,676	)		(6,022	)		(37,074	)		(14,433	)		(13,487	)
Net investment income (loss)		659			30,485			11			2,699			3,332			63,392			(14,433	)		33,592
Realized gain (loss) on investments		(37	)		52,407			6			19,258			40,625			213,764			164,466			122,577
Change in unrealized gain (loss) on investments		(15,994	)		(87,031	)		(254	)		(16,601	)		(303,393	)		(1,061,551	)		(241,063	)		(513,594	)
Net gain (loss) on investments		(16,031	)		(34,624	)		(248	)		2,657			(262,768	)		(847,787	)		(76,597	)		(391,017	)
Reinvested capital gains		9,264			32,140			10			-			190,119			608,275			122,410			209,836
Net increase (decrease) in contract owners’ equity resulting from operations	$	(6,108	)		28,001			(227	)		5,356			(69,317	)		(176,120	)		31,380			(147,589	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	ACVIP2			ACVI			ACVMV1			ACVU1			DVSCS			DCAP			DSC			DGI
Reinvested dividends	$	22,726			1,622			36,939			951			15,671			77,077			-			13,143
Asset charges (note 3)		(4,633	)		(2,180	)		(11,066	)		(1,358	)		(10,899	)		(22,213	)		(2,143	)		(7,493	)
Net investment income (loss)		18,093			(558	)		25,873			(407	)		4,772			54,864			(2,143	)		5,650
Realized gain (loss) on investments		(27,835	)		74,994			124,885			(11,020	)		147,110			129,939			13,053			29,660
Change in unrealized gain (loss) on investments		(23,725	)		(83,807	)		(293,336	)		(3,481	)		(358,038	)		(533,137	)		(23,659	)		(157,860	)
Net gain (loss) on investments		(51,560	)		(8,813	)		(168,451	)		(14,501	)		(210,928	)		(403,198	)		(10,606	)		(128,200	)
Reinvested capital gains		-			-			104,500			20,475			139,707			218,154			6,502			140,400
Net increase (decrease) in contract owners’ equity resulting from operations	$	(33,467	)		(9,371	)		(38,078	)		5,567			(66,449	)		(130,180	)		(6,247	)		17,850
Investment Activity:	FVCA2P			FQB			FEIP			FHIP			FAMP			FNRS2			FF10S			FF20S
Reinvested dividends	$	2,639			46,670			1,245,644			637,249			186,684			19,425			6,758			21,785
Asset charges (note 3)		(412	)		(7,302	)		(219,179	)		(45,560	)		(71,305	)		(10,179	)		(2,085	)		(6,434	)
Net investment income (loss)		2,227			39,368			1,026,465			591,689			115,379			9,246			4,673			15,351
Realized gain (loss) on investments		(763	)		(1,960	)		(402,953	)		(500	)		162,856			(45,729	)		21,022			29,487
Change in unrealized gain (loss) on investments		(12,187	)		(47,104	)		(6,189,751	)		(1,122,374	)		(1,155,866	)		(477,629	)		(31,340	)		(62,073	)
Net gain (loss) on investments		(12,950	)		(49,064	)		(6,592,704	)		(1,122,874	)		(993,010	)		(523,358	)		(10,318	)		(32,586	)
Reinvested capital gains		221			-			3,810,025			-			850,345			68,358			1,127			5,325
Net increase (decrease) in contract owners’ equity resulting from operations	$	(10,502	)		(9,696	)		(1,756,214	)		(531,185	)		(27,286	)		(445,754	)		(4,518	)		(11,910	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	FF30S			FGP			FIGBS			FMCS			FOP			FOS			FVSS			FTVIS2
Reinvested dividends	$	18,973			159,183			53,426			29,387			73,640			51,890			8,924			80,804
Asset charges (note 3)		(6,741	)		(344,263	)		(9,827	)		(39,294	)		(30,467	)		(14,035	)		(4,696	)		(8,593	)
Net investment income (loss)		12,232			(185,080	)		43,599			(9,907	)		43,173			37,855			4,228			72,211
Realized gain (loss) on investments		38,621			2,319,505			(4,711	)		557,369			(102,963	)		(6,898	)		139,072			18,579
Change in unrealized gain (loss) on investments		(67,399	)		(73,178	)		(64,876	)		(1,660,050	)		223,466			(257,661	)		(171,491	)		(228,005	)
Net gain (loss) on investments		(28,778	)		2,246,327			(69,587	)		(1,102,681	)		120,503			(264,559	)		(32,419	)		(209,426	)
Reinvested capital gains		6,132			1,921,974			1,695			998,497			5,435			4,086			776			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(10,414	)		3,983,221			(24,293	)		(114,091	)		169,111			(222,618	)		(27,415	)		(137,215	)
Investment Activity:	FTVRDI			FTVSVI			FTVDM2			TIF			TIF2			FTVGI2			FTVFA2			AMTB
Reinvested dividends	$	74,587			24,460			16,875			4,341			38,638			174,887			7,883			38,102
Asset charges (note 3)		(20,830	)		(13,191	)		(4,132	)		(615	)		(5,753	)		(10,343	)		(1,240	)		(13,843	)
Net investment income (loss)		53,757			11,269			12,743			3,726			32,885			164,544			6,643			24,259
Realized gain (loss) on investments		229,332			271,313			(26,037	)		(4,968	)		(55,100	)		(27,102	)		(1,017	)		(20,251	)
Change in unrealized gain (loss) on investments		(922,805	)		(883,329	)		(273,272	)		(9,997	)		(95,533	)		(256,761	)		(24,894	)		(12,385	)
Net gain (loss) on investments		(693,473	)		(612,016	)		(299,309	)		(14,965	)		(150,633	)		(283,863	)		(25,911	)		(32,636	)
Reinvested capital gains		464,223			388,063			107,463			4,071			39,464			11,359			431			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(175,493	)		(212,684	)		(179,103	)		(7,168	)		(78,284	)		(107,960	)		(18,837	)		(8,377	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	AMGP			AMINS			AMCG			AMMCGS			AMTP			AMRS			AMSRS			OVMS
Reinvested dividends	$	1,109			203			-			-			23,004			93			4,050			129,385
Asset charges (note 3)		(692	)		-			(1,426	)		(167	)		(4,884	)		-			(3,695	)		(31,521	)
Net investment income (loss)		417			203			(1,426	)		(167	)		18,120			93			355			97,864
Realized gain (loss) on investments		2,064			196			(2,998	)		(2,867	)		138,686			652			49,649			(75,338	)
Change in unrealized gain (loss) on investments		(50,299	)		(289	)		(74,940	)		(5,763	)		(746,960	)		(3,245	)		(120,344	)		(1,770	)
Net gain (loss) on investments		(48,235	)		(93	)		(77,938	)		(8,630	)		(608,274	)		(2,593	)		(70,695	)		(77,108	)
Reinvested capital gains		38,715			59			-			222			232,469			504			64,025			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(9,103	)		169			(79,364	)		(8,575	)		(357,685	)		(1,996	)		(6,315	)		20,756
Investment Activity:	OVB			OVGS			OVIG			OVGI			OVSC			OVAG			OVSB			PMVAAA
Reinvested dividends	$	145,717			302,369			314			12,392			11,583			-			12,988			7,813
Asset charges (note 3)		(18,976	)		(120,323	)		(109	)		(5,717	)		(6,629	)		(7,266	)		(1,022	)		(1,215	)
Net investment income (loss)		126,741			182,046			205			6,675			4,954			(7,266	)		11,966			6,598
Realized gain (loss) on investments		(75,210	)		429,431			(3,909	)		89,456			46,720			81,600			(4,364	)		(3,708	)
Change in unrealized gain (loss) on investments		(34,416	)		(1,359,622	)		(947	)		(258,515	)		(323,287	)		(116,841	)		(13,731	)		(26,297	)
Net gain (loss) on investments		(109,626	)		(930,191	)		(4,856	)		(169,059	)		(276,567	)		(35,241	)		(18,095	)		(30,005	)
Reinvested capital gains		-			1,507,432			1,918			202,345			191,189			101,136			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	17,115			759,287			(2,733	)		39,961			(80,424	)		58,629			(6,129	)		(23,407	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	PMVRSA			PMVFBA			PMVLDA			PMVTRA			PVGIB			PVTIGB			PVTVB			ACEG
Reinvested dividends	$	486			4,782			54,514			49,420			3,871			3,106			5,258			-
Asset charges (note 3)		(47	)		(1,597	)		(6,405	)		(5,001	)		(716	)		(1,364	)		(2,444	)		(134	)
Net investment income (loss)		439			3,185			48,109			44,419			3,155			1,742			2,814			(134	)
Realized gain (loss) on investments		(1,309	)		(8,718	)		1,137			364			28,080			24,336			15,912			3,166
Change in unrealized gain (loss) on investments		(1,452	)		(20,022	)		(50,075	)		(57,648	)		(39,501	)		(30,299	)		(128,136	)		(171	)
Net gain (loss) on investments		(2,761	)		(28,740	)		(48,938	)		(57,284	)		(11,421	)		(5,963	)		(112,224	)		2,995
Reinvested capital gains		-			802			-			10,634			-			-			71,876			357
Net increase (decrease) in contract owners’ equity resulting from operations	$	(2,322	)		(24,753	)		(829	)		(2,231	)		(8,266	)		(4,221	)		(37,534	)		3,218
Investment Activity:	AVBVI			AVMCCI			RVARS			TRHS2			TRLT2			VWBF			VWEM			VWHA
Reinvested dividends	$	122			3			101			-			523			83,659			30,379			1,534
Asset charges (note 3)		-			(12	)		(104	)		(30,718	)		-			(8,302	)		(25,286	)		(25,420	)
Net investment income (loss)		122			(9	)		(3	)		(30,718	)		523			75,357			5,093			(23,886	)
Realized gain (loss) on investments		289			(3,434	)		446			780,100			(61	)		(93,928	)		74,658			(286,658	)
Change in unrealized gain (loss) on investments		(1,241	)		2,567			(105	)		(566,064	)		(486	)		(157,207	)		(1,126,907	)		(1,334,368	)
Net gain (loss) on investments		(952	)		(867	)		341			214,036			(547	)		(251,135	)		(1,052,249	)		(1,621,026	)
Reinvested capital gains		341			85			-			472,752			-			-			299,770			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(489	)		(791	)		338			656,070			(24	)		(175,778	)		(747,386	)		(1,644,912	)

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

Year Ended December 31, 2015

Investment Activity:	WRASP			WRHIP			WRMCG			SVDF			SVOF			WFVSCG			MIGIC			FHIPR
Reinvested dividends	$	9,054			86,153			-			-			2,004			-			1,981			9,157
Asset charges (note 3)		(12,351	)		(5,640	)		(1,695	)		(6,636	)		(9,284	)		(2,193	)		(291	)		(6,522	)
Net investment income (loss)		(3,297	)		80,513			(1,695	)		(6,636	)		(7,280	)		(2,193	)		1,690			2,635
Realized gain (loss) on investments		(26,490	)		(115,899	)		(355	)		27,298			53,297			18,931			43,470			23,751
Change in unrealized gain (loss) on investments		(614,979	)		(54,391	)		(45,330	)		(175,037	)		(260,810	)		(93,222	)		(62,627	)		131,850
Net gain (loss) on investments		(641,469	)		(170,290	)		(45,685	)		(147,739	)		(207,513	)		(74,291	)		(19,157	)		155,601
Reinvested capital gains		434,781			14,628			26,697			132,761			160,423			51,715			20,840			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(209,985	)		(75,149	)		(20,683	)		(21,614	)		(54,370	)		(24,769	)		3,373			158,236
Investment Activity:	FOSR			ACVI3			AMBP			AMTG			AMFAS
Reinvested dividends	$	-			645			-			-			-
Asset charges (note 3)		(6,780	)		-			(196	)		(9,057	)		(781	)
Net investment income (loss)		(6,780	)		645			(196	)		(9,057	)		(781	)
Realized gain (loss) on investments		980,873			46,035			3,551			903,446			(1,073	)
Change in unrealized gain (loss) on investments		(593,089	)		(33,377	)		(10,009	)		(812,862	)		(26,548	)
Net gain (loss) on investments		387,784			12,658			(6,458	)		90,584			(27,621	)
Reinvested capital gains		-			-			7,671			-			26,722
Net increase (decrease) in contract owners’ equity resulting from operations	$	381,004			13,303			1,017			81,527			(1,680	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	Total						ALVDAA						MLVGA2						DWVSVS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	4,927,903			5,031,988			(1	)		13			17,365			49,799			(226	)		(710	)
Realized gain (loss) on investments		17,669,057			27,741,639			(14	)		652			1,371			52,059			(3,425	)		2,232
Change in unrealized gain (loss) on investments		(67,695,508	)		(23,577,761	)		(3	)		(769	)		(225,620	)		(302,607	)		(30,718	)		(8,676	)
Reinvested capital gains		42,758,276			33,984,023			11			316			174,038			246,873			21,809			13,037
Net increase (decrease) in contract owners’ equity resulting from operations		(2,340,272	)		43,179,889			(7	)		212			(32,846	)		46,124			(12,560	)		5,883
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		22,837,353			25,444,894			-			-			125,726			121,628			540			2,852
Transfers between funds		-			3,890,527			-			3,430			305,022			(147,202	)		(183,714	)		391,260
Surrenders (note 6)		(44,816,562	)		(52,118,692	)		-			(5,222	)		(114,541	)		(348,348	)		-			(3,102	)
Death Benefits (note 4)		(10,869,510	)		(6,270,005	)		-			-			(13,246	)		(84,191	)		(8,851	)		-
Net policy repayments (loans) (note 5)		8,992,250			5,846,434			(28	)		(2,329	)		7,516			92,461			(5,364	)		(25,962	)
Deductions for surrender charges (note 2d)		(2,199	)		(2,121	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(32,425,481	)		(33,470,696	)		(367	)		(227	)		(154,332	)		(165,543	)		(6,348	)		(6,372	)
Asset charges (note 3):
MSP contracts		(277,280	)		(290,784	)		-			-			(3,924	)		(3,613	)		-			-
SL contracts or LSFP contracts		(146,526	)		(149,874	)		-			-			-			-			-			-
Adjustments to maintain reserves		(7,511	)		14,849			(8	)		6			(4	)		(8	)		(1	)		1
Net equity transactions		(56,715,466	)		(57,105,468	)		(403	)		(4,342	)		152,217			(534,816	)		(203,738	)		358,677
Net change in contract owners’ equity		(59,055,738	)		(13,925,579	)		(410	)		(4,130	)		119,371			(488,692	)		(216,298	)		364,560
Contract owners’ equity beginning of period		659,613,121			673,538,700			907			5,037			3,171,176			3,659,868			424,330			59,770
Contract owners’ equity end of period	$	600,557,383			659,613,121			497			907			3,290,547			3,171,176			208,032			424,330
CHANGES IN UNITS:
Beginning units		24,777,106			26,990,861			77			441			196,223			229,979			32,825			4,859
Units purchased		2,930,968			4,238,771			-			292			31,470			17,330			192			30,676
Units redeemed		(4,828,486	)		(6,452,526	)		(34	)		(656	)		(21,371	)		(51,086	)		(15,725	)		(2,710	)
Ending units		22,879,589			24,777,106			43			77			206,322			196,223			17,292			32,825

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	DSIF						DSRG						GVGMNS						IVKMG1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	601,597			586,348			35,642			36,092			(93	)		(113	)		(1,299	)		(1,045	)
Realized gain (loss) on investments		1,693,402			1,742,515			363,453			232,913			494			70			9,436			5,200
Change in unrealized gain (loss) on investments		(3,276,496	)		2,778,607			(1,606,073	)		106,054			(1,226	)		436			(26,888	)		11,935
Reinvested capital gains		1,267,240			541,793			958,115			512,739			220			139			20,625			-
Net increase (decrease) in contract owners’ equity resulting from operations		285,743			5,649,263			(248,863	)		887,798			(605	)		532			1,874			16,090
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,485,804			1,631,119			350,834			377,810			766			1,019			20,388			12,684
Transfers between funds		323,570			72,898			(174,403	)		91,867			(6,259	)		-			67,645			(5,374	)
Surrenders (note 6)		(3,421,138	)		(3,704,429	)		(664,757	)		(426,872	)		-			-			(6,088	)		(225	)
Death Benefits (note 4)		(401,192	)		(402,082	)		(5,309	)		(43,268	)		-			-			(3,839	)		(1,895	)
Net policy repayments (loans) (note 5)		135,818			136,410			146,381			20,512			-			-			(488	)		693
Deductions for surrender charges (note 2d)		(98	)		(350	)		(247	)		-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(2,263,673	)		(2,278,058	)		(424,139	)		(446,005	)		(1,401	)		(1,189	)		(16,043	)		(14,897	)
Asset charges (note 3):
MSP contracts		(18,836	)		(19,598	)		(2,163	)		(2,073	)		-			-			(62	)		(62	)
SL contracts or LSFP contracts		(20,537	)		(21,332	)		(925	)		(972	)		-			-			(140	)		(132	)
Adjustments to maintain reserves		113			1,553			(13	)		73			(3	)		1			(5	)		12
Net equity transactions		(4,180,169	)		(4,583,869	)		(774,741	)		(428,928	)		(6,897	)		(169	)		61,368			(9,196	)
Net change in contract owners’ equity		(3,894,426	)		1,065,394			(1,023,604	)		458,870			(7,502	)		363			63,242			6,894
Contract owners’ equity beginning of period		47,380,837			46,315,443			7,698,420			7,239,550			17,567			17,204			222,889			215,995
Contract owners’ equity end of period	$	43,486,411			47,380,837			6,674,816			7,698,420			10,065			17,567			286,131			222,889
CHANGES IN UNITS:
Beginning units		986,251			1,090,770			182,744			193,190			1,470			1,486			15,517			16,170
Units purchased		55,012			63,462			12,170			22,211			65			87			6,161			1,346
Units redeemed		(144,582	)		(167,981	)		(30,545	)		(32,657	)		(631	)		(103	)		(1,893	)		(1,999	)
Ending units		896,681			986,251			164,369			182,744			904			1,470			19,785			15,517

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	IVBRA1						JABS						JACAS						JAGTS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	4,458			(272	)		15,768			16,478			30,413			(17,318	)		5,495			(9,030	)
Realized gain (loss) on investments		(82	)		(6,555	)		46,342			31,189			4,089			308,950			99,883			262,170
Change in unrealized gain (loss) on investments		(21,292	)		1,867			(103,709	)		31,260			(398,612	)		(1,176,543	)		(243,901	)		(231,139	)
Reinvested capital gains		10,637			5,913			39,747			38,559			810,763			1,151,659			232,816			121,632
Net increase (decrease) in contract owners’ equity resulting from operations		(6,279	)		953			(1,852	)		117,486			446,653			266,748			94,293			143,633
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2,587			366			35,545			43,728			105,879			125,185			34,054			40,025
Transfers between funds		30,803			121,423			(219,453	)		65,466			763,551			(300,332	)		539,429			(263,262	)
Surrenders (note 6)		-			-			(8,887	)		(49,415	)		(223,963	)		(417,837	)		(177,466	)		(77,167	)
Death Benefits (note 4)		-			-			-			(30,808	)		(72,006	)		(5,453	)		-			(16,256	)
Net policy repayments (loans) (note 5)		(963	)		(23,987	)		(8,440	)		26,719			32,234			173,732			1,318			9,231
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(6,725	)		(3,038	)		(63,532	)		(60,419	)		(188,815	)		(173,897	)		(61,292	)		(62,576	)
Asset charges (note 3):
MSP contracts		-			-			(1,048	)		(1,055	)		(2,023	)		(1,705	)		(209	)		(187	)
SL contracts or LSFP contracts		-			-			(173	)		(174	)		(1,323	)		(1,262	)		(1,338	)		(1,180	)
Adjustments to maintain reserves		(4	)		3			(31	)		13			15			(31	)		17			(6	)
Net equity transactions		25,698			94,767			(266,019	)		(5,945	)		413,549			(601,600	)		334,513			(371,378	)
Net change in contract owners’ equity		19,419			95,720			(267,871	)		111,541			860,202			(334,852	)		428,806			(227,745	)
Contract owners’ equity beginning of period		95,720			-			1,620,148			1,508,607			3,758,983			4,093,835			1,736,575			1,964,320
Contract owners’ equity end of period	$	115,139			95,720			1,352,277			1,620,148			4,619,185			3,758,983			2,165,381			1,736,575
CHANGES IN UNITS:
Beginning units		9,313			-			64,330			64,527			229,303			269,822			194,191			239,301
Units purchased		3,233			11,974			2,334			5,348			54,899			17,776			66,626			9,472
Units redeemed		(794	)		(2,661	)		(12,962	)		(5,545	)		(31,089	)		(58,295	)		(28,412	)		(54,582	)
Ending units		11,752			9,313			53,702			64,330			253,113			229,303			232,405			194,191

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	JAIGS						MV2IGI					MNDIC						MVFIC
	2015			2014			2015			2014		2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(499	)		217,109			227			-		(892	)		(1,504	)		52,219			18,528
Realized gain (loss) on investments		(198,313	)		(173,014	)		(1,396	)		-		(15,421	)		33,719			96,976			165,660
Change in unrealized gain (loss) on investments		(161,502	)		(850,406	)		(15,474	)		-		8,614			(94,290	)		(339,217	)		(27,053	)
Reinvested capital gains		91,925			294,496			13,094			-		4,525			33,973			163,192			56,857
Net increase (decrease) in contract owners’ equity resulting from operations		(268,389	)		(511,815	)		(3,549	)		-		(3,174	)		(28,102	)		(26,830	)		213,992
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		152,728			155,728			8,944			-		7,655			13,031			43,354			58,342
Transfers between funds		(148,062	)		(443,499	)		226,713			-		2,458			(103,447	)		41,387			657,221
Surrenders (note 6)		(222,353	)		(387,443	)		(17,461	)		-		-			(9,438	)		(119,127	)		(78,133	)
Death Benefits (note 4)		(45,346	)		(19,501	)		-			-		(26,214	)		-			(17,008	)		(5,606	)
Net policy repayments (loans) (note 5)		66,707			36,103			(195	)		-		(277	)		(588	)		70,943			(16,580	)
Deductions for surrender charges (note 2d)		-			-			-			-		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(167,152	)		(197,313	)		(11,783	)		-		(14,334	)		(17,143	)		(80,502	)		(71,339	)
Asset charges (note 3):
MSP contracts		(775	)		(1,047	)		-			-		-			-			(964	)		(949	)
SL contracts or LSFP contracts		(937	)		(1,026	)		(9	)		-		-			-			(755	)		(686	)
Adjustments to maintain reserves		(7	)		(21	)		-			-		(7	)		(3	)		11			2
Net equity transactions		(365,197	)		(858,019	)		206,209			-		(30,719	)		(117,588	)		(62,661	)		542,272
Net change in contract owners’ equity		(633,586	)		(1,369,834	)		202,660			-		(33,893	)		(145,690	)		(89,491	)		756,264
Contract owners’ equity beginning of period		3,356,389			4,726,223			-			-		167,080			312,770			2,704,971			1,948,707
Contract owners’ equity end of period	$	2,722,803			3,356,389			202,660			-		133,187			167,080			2,615,480			2,704,971
CHANGES IN UNITS:
Beginning units		244,895			301,550			-			-		12,507			21,574			89,656			71,085
Units purchased		20,831			18,399			23,691			-		1,171			1,684			5,567			26,817
Units redeemed		(46,871	)		(75,054	)		(3,055	)		-		(3,456	)		(10,751	)		(7,380	)		(8,246	)
Ending units		218,855			244,895			20,636			-		10,222			12,507			87,843			89,656

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	MSVFI						MSEM						MSVRE						IDPG
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	8,398			8,558			39,392			55,598			8,778			11,225			2,526			-
Realized gain (loss) on investments		1,971			1,175			(16,928	)		(6,552	)		132,570			83,114			(6	)		-
Change in unrealized gain (loss) on investments		(13,435	)		11,946			(33,883	)		(18,946	)		(129,558	)		252,940			(6,310	)		-
Reinvested capital gains		-			-			-			8,422			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(3,066	)		21,679			(11,419	)		38,522			11,790			347,279			(3,790	)		-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		5,818			2,887			28,276			30,788			31,666			148,889			-			-
Transfers between funds		(9,219	)		65,534			(24,079	)		(193,923	)		(180,244	)		159,664			157,870			-
Surrenders (note 6)		(7,603	)		(50,407	)		(32,094	)		(191,933	)		(151,841	)		(253,228	)		-			-
Death Benefits (note 4)		(10,044	)		-			(24,444	)		-			(19,611	)		-			-			-
Net policy repayments (loans) (note 5)		(3,213	)		17			(825	)		15,270			(5,070	)		(6,550	)		-			-
Deductions for surrender charges (note 2d)		-			(236	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(9,574	)		(12,210	)		(39,323	)		(41,606	)		(31,614	)		(30,716	)		(420	)		-
Asset charges (note 3):
MSP contracts		(152	)		(154	)		(500	)		(611	)		-			-			-			-
SL contracts or LSFP contracts		(37	)		(134	)		(230	)		(344	)		(1,697	)		(1,584	)		-			-
Adjustments to maintain reserves		20			9			12			18			11			79			-			-
Net equity transactions		(34,004	)		5,306			(93,207	)		(382,341	)		(358,400	)		16,554			157,450			-
Net change in contract owners’ equity		(37,070	)		26,985			(104,626	)		(343,819	)		(346,610	)		363,833			153,660			-
Contract owners’ equity beginning of period		293,831			266,846			902,014			1,245,833			1,612,364			1,248,531			-			-
Contract owners’ equity end of period	$	256,761			293,831			797,388			902,014			1,265,754			1,612,364			153,660			-
CHANGES IN UNITS:
Beginning units		19,453			18,667			29,799			42,545			33,626			32,399			-			-
Units purchased		902			11,281			2,131			1,796			450			4,047			15,905			-
Units redeemed		(3,125	)		(10,495	)		(5,001	)		(14,542	)		(9,264	)		(2,820	)		(43	)		-
Ending units		17,230			19,453			26,929			29,799			24,812			33,626			15,862			-

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVBX						NVIX						NVAMV1						GVAAA2
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	1,136			911			1,899			80			134,981			118,627			27,793			9,494
Realized gain (loss) on investments		(72	)		-			(95	)		(1	)		259,919			341,203			77,137			141,260
Change in unrealized gain (loss) on investments		(1,796	)		(844	)		(5,182	)		(367	)		(1,657,346	)		(397,935	)		(228,084	)		(55,128	)
Reinvested capital gains		766			-			-			-			901,500			875,562			130,973			3,282
Net increase (decrease) in contract owners’ equity resulting from operations		34			67			(3,378	)		(288	)		(360,946	)		937,457			7,819			98,908
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		852			198			718			126			230,905			243,307			66,846			124,396
Transfers between funds		37,640			42,692			89,284			4,385			(62,283	)		(66,965	)		617,549			541,755
Surrenders (note 6)		-			-			-			-			(1,100,489	)		(474,553	)		(167,462	)		(69,559	)
Death Benefits (note 4)		-			-			-			-			(202,845	)		(64,363	)		-			(15,802	)
Net policy repayments (loans) (note 5)		-			-			-			-			476,133			58,197			(1,193	)		(13,608	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			(92	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,508	)		(138	)		(1,585	)		(86	)		(323,289	)		(389,641	)		(91,183	)		(68,157	)
Asset charges (note 3):
MSP contracts		-			-			-			-			(3,783	)		(4,102	)		(1,572	)		(1,633	)
SL contracts or LSFP contracts		-			-			-			-			(2,044	)		(2,353	)		-			-
Adjustments to maintain reserves		(3	)		(1	)		(9	)		8			(50	)		713			(1	)		10
Net equity transactions		36,981			42,751			88,408			4,433			(987,745	)		(699,852	)		422,984			497,402
Net change in contract owners’ equity		37,015			42,818			85,030			4,145			(1,348,691	)		237,605			430,803			596,310
Contract owners’ equity beginning of period		42,818			-			4,145			-			8,123,560			7,885,955			2,472,224			1,875,914
Contract owners’ equity end of period	$	79,833			42,818			89,175			4,145			6,774,869			8,123,560			2,903,027			2,472,224
CHANGES IN UNITS:
Beginning units		4,180			-			452			-			340,738			372,043			156,967			124,360
Units purchased		7,950			4,194			9,587			461			12,469			19,195			43,657			43,798
Units redeemed		(4,305	)		(14	)		(167	)		(9	)		(54,784	)		(50,500	)		(17,216	)		(11,191	)
Ending units		7,825			4,180			9,872			452			298,423			340,738			183,408			156,967

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	GVABD2						GVAGG2						GVAGR2						GVAGI2
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	5,949			5,282			2,501			3,024			3,972			(1,100	)		2,884			3,204
Realized gain (loss) on investments		18,207			27,593			177,878			123,672			71,257			160,764			127,560			200,414
Change in unrealized gain (loss) on investments		(28,852	)		(2,671	)		(240,473	)		(105,161	)		(19,829	)		(34,248	)		(184,913	)		(116,475	)
Reinvested capital gains		297			6,826			149,454			-			47,984			-			61,100			9,967
Net increase (decrease) in contract owners’ equity resulting from operations		(4,399	)		37,030			89,360			21,535			103,384			125,416			6,631			97,110
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		23,577			25,420			40,573			49,782			59,927			80,862			23,726			45,231
Transfers between funds		(12,023	)		(69,999	)		72,055			92,674			(4,288	)		(138,599	)		7,404			77,346
Surrenders (note 6)		(73,499	)		(28,312	)		(61,651	)		(177,829	)		(54,030	)		(170,605	)		(289,534	)		(50,001	)
Death Benefits (note 4)		-			-			(16,167	)		(3,675	)		(18,885	)		(8,122	)		(171	)		-
Net policy repayments (loans) (note 5)		(5,621	)		(24,397	)		(16,590	)		(4,677	)		8,276			41,143			1,197			3,490
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(24,662	)		(24,546	)		(60,571	)		(66,346	)		(69,835	)		(74,188	)		(30,301	)		(32,443	)
Asset charges (note 3):
MSP contracts		(47	)		(48	)		(907	)		(885	)		(1,191	)		(1,142	)		(237	)		(267	)
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(10	)		1			(13	)		10			(15	)		10			(13	)		(2	)
Net equity transactions		(92,285	)		(121,881	)		(43,271	)		(110,946	)		(80,041	)		(270,641	)		(287,929	)		43,354
Net change in contract owners’ equity		(96,684	)		(84,851	)		46,089			(89,411	)		23,343			(145,225	)		(281,298	)		140,464
Contract owners’ equity beginning of period		775,210			860,061			1,580,636			1,670,047			1,796,736			1,941,961			1,111,476			971,012
Contract owners’ equity end of period	$	678,526			775,210			1,626,725			1,580,636			1,820,079			1,796,736			830,178			1,111,476
CHANGES IN UNITS:
Beginning units		61,439			71,177			94,935			101,666			112,790			131,148			77,509			74,243
Units purchased		2,099			2,394			7,667			10,433			6,785			6,453			2,169			9,403
Units redeemed		(9,346	)		(12,132	)		(10,423	)		(17,164	)		(11,699	)		(24,811	)		(22,125	)		(6,137	)
Ending units		54,192			61,439			92,179			94,935			107,876			112,790			57,553			77,509

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	HIBF						GEM						GIG						NVNMO1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	50,895			51,886			7,597			16,965			137			81,490			35,587			55,306
Realized gain (loss) on investments		(17,229	)		1,476			(50,967	)		22,928			(1,086	)		125,017			375,791			685,567
Change in unrealized gain (loss) on investments		(71,904	)		(62,629	)		(382,944	)		(146,397	)		(274,637	)		(320,845	)		(1,802,664	)		(2,313,199	)
Reinvested capital gains		10,047			-			-			-			147,138			-			1,184,849			2,386,517
Net increase (decrease) in contract owners’ equity resulting from operations		(28,191	)		(9,267	)		(426,314	)		(106,504	)		(128,448	)		(114,338	)		(206,437	)		814,191
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		58,025			33,154			85,743			61,152			140,533			106,317			462,996			515,384
Transfers between funds		(267,931	)		1,264,298			(27,080	)		2,168,065			(54,422	)		4,078,017			(140,034	)		(517,967	)
Surrenders (note 6)		(15,877	)		(49,165	)		(168,751	)		(134,964	)		(489,263	)		(299,107	)		(796,831	)		(993,166	)
Death Benefits (note 4)		(48,583	)		-			(19,431	)		(4,745	)		(50,758	)		(11,667	)		(312,596	)		(131,765	)
Net policy repayments (loans) (note 5)		943			14,022			112,580			6,952			156,361			18,793			166,247			54,080
Deductions for surrender charges (note 2d)		-			-			(7	)		(45	)		-			-			(42	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(45,622	)		(40,792	)		(134,341	)		(107,215	)		(173,584	)		(135,100	)		(630,322	)		(671,350	)
Asset charges (note 3):
MSP contracts		(1,618	)		(1,705	)		(309	)		(237	)		(2,575	)		(2,001	)		(8,379	)		(9,353	)
SL contracts or LSFP contracts		(349	)		(263	)		(827	)		(656	)		(463	)		(318	)		(8	)		(8	)
Adjustments to maintain reserves		20			19			(12	)		(12	)		9			(28	)		(10	)		(15	)
Net equity transactions		(320,992	)		1,219,568			(152,435	)		1,988,295			(474,162	)		3,754,906			(1,258,979	)		(1,754,160	)
Net change in contract owners’ equity		(349,183	)		1,210,301			(578,749	)		1,881,791			(602,610	)		3,640,568			(1,465,416	)		(939,969	)
Contract owners’ equity beginning of period		1,320,699			110,398			2,726,162			844,371			4,319,964			679,396			14,654,852			15,594,821
Contract owners’ equity end of period	$	971,516			1,320,699			2,147,413			2,726,162			3,717,354			4,319,964			13,189,436			14,654,852
CHANGES IN UNITS:
Beginning units		62,280			5,235			115,025			34,669			279,705			43,387			1,044,467			1,179,010
Units purchased		3,364			66,179			8,439			110,467			15,395			291,837			51,630			61,510
Units redeemed		(18,320	)		(9,134	)		(15,020	)		(30,111	)		(45,762	)		(55,519	)		(141,080	)		(196,053	)
Ending units		47,324			62,280			108,444			115,025			249,338			279,705			955,017			1,044,467

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVNSR1						NVCRA1						NVCRB1						NVCCA1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	373			572			6,889			4,993			13,233			7,146			17,000			14,497
Realized gain (loss) on investments		30,138			11,098			7,654			9,664			1,531			8,732			29,030			81,441
Change in unrealized gain (loss) on investments		(47,990	)		1,236			(45,447	)		(18,487	)		(35,316	)		(9,417	)		(98,563	)		(86,404	)
Reinvested capital gains		16,723			-			24,740			15,391			14,516			9,645			44,516			20,910
Net increase (decrease) in contract owners’ equity resulting from operations		(756	)		12,906			(6,164	)		11,561			(6,036	)		16,106			(8,017	)		30,444
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		4,295			7,402			12,590			15,863			7,372			9,469			27,664			29,259
Transfers between funds		(23,625	)		(4,614	)		8,307			(17,972	)		354,949			(52,246	)		(119,783	)		(48,260	)
Surrenders (note 6)		(4,191	)		(8,431	)		(14,114	)		(16,862	)		(39	)		-			(6,261	)		-
Death Benefits (note 4)		-			-			(5,399	)		-			-			-			-			-
Net policy repayments (loans) (note 5)		(40	)		(101	)		4,610			3,493			(55	)		135			23			174
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(3,518	)		(4,747	)		(17,913	)		(16,915	)		(11,520	)		(9,667	)		(35,638	)		(34,050	)
Asset charges (note 3):
MSP contracts		-			-			-			-			(51	)		(51	)		(58	)		(57	)
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(9	)		18			(5	)		6			(16	)		20			12			(5	)
Net equity transactions		(27,088	)		(10,473	)		(11,924	)		(32,387	)		350,640			(52,340	)		(134,041	)		(52,939	)
Net change in contract owners’ equity		(27,844	)		2,433			(18,088	)		(20,826	)		344,604			(36,234	)		(142,058	)		(22,495	)
Contract owners’ equity beginning of period		138,728			136,295			324,208			345,034			396,731			432,965			781,124			803,619
Contract owners’ equity end of period	$	110,884			138,728			306,120			324,208			741,335			396,731			639,066			781,124
CHANGES IN UNITS:
Beginning units		8,635			9,336			23,914			26,454			29,486			33,453			57,074			61,151
Units purchased		307			229			3,476			2,087			27,859			751			2,567			2,288
Units redeemed		(1,976	)		(930	)		(4,346	)		(4,627	)		(1,452	)		(4,718	)		(12,131	)		(6,365	)
Ending units		6,966			8,635			23,044			23,914			55,893			29,486			47,510			57,074

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVCCN1						NVCMD1						NVCMA1						NVCMC1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	711			(2,544	)		30,429			23,737			17,707			14,035			4,089			6,306
Realized gain (loss) on investments		(1,976	)		109,383			20,771			29,053			17,894			14,274			13,529			11,662
Change in unrealized gain (loss) on investments		(243	)		(61,775	)		(138,724	)		(33,330	)		(111,061	)		(59,147	)		(25,106	)		(13,099	)
Reinvested capital gains		1,404			4,016			69,615			28,706			64,317			58,301			7,644			7,213
Net increase (decrease) in contract owners’ equity resulting from operations		(104	)		49,080			(17,909	)		48,166			(11,143	)		27,463			156			12,082
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		5,686			3,980			37,297			35,129			34,835			60,097			9,631			16,660
Transfers between funds		(41,794	)		(575,905	)		110,961			(3,757	)		9,272			18,694			(2,690	)		25,999
Surrenders (note 6)		(9,520	)		(884,995	)		(42,137	)		(31,450	)		(1,694	)		(19,766	)		-			(26,744	)
Death Benefits (note 4)		(25,858	)		-			-			-			-			(17,034	)		(88,508	)		(21,245	)
Net policy repayments (loans) (note 5)		193			44,855			20,539			27,241			761			11,897			1,870			4,123
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(6,235	)		(20,073	)		(72,701	)		(68,739	)		(41,104	)		(38,153	)		(41,988	)		(42,296	)
Asset charges (note 3):
MSP contracts		(29	)		(30	)		(1,017	)		(1,000	)		-			-			(697	)		(1,366	)
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(5	)		(4	)		(15	)		10			10			(12	)		6			(14	)
Net equity transactions		(77,562	)		(1,432,172	)		52,927			(42,566	)		2,080			15,723			(122,376	)		(44,883	)
Net change in contract owners’ equity		(77,666	)		(1,383,092	)		35,018			5,600			(9,063	)		43,186			(122,220	)		(32,801	)
Contract owners’ equity beginning of period		123,320			1,506,412			1,202,982			1,197,382			718,134			674,948			304,493			337,294
Contract owners’ equity end of period	$	45,654			123,320			1,238,000			1,202,982			709,071			718,134			182,273			304,493
CHANGES IN UNITS:
Beginning units		9,728			122,213			88,472			91,749			52,799			51,690			22,655			26,062
Units purchased		468			6,735			14,043			10,032			9,260			8,128			1,236			4,010
Units redeemed		(6,546	)		(119,220	)		(10,172	)		(13,309	)		(8,922	)		(7,019	)		(10,053	)		(7,417	)
Ending units		3,650			9,728			92,343			88,472			53,137			52,799			13,838			22,655

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVCBD1						NVLCP1						TRF						GBF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	12,013			10,569			1,431			3,653			303,074			281,627			72,424			94,457
Realized gain (loss) on investments		(2,312	)		(2,357	)		2,994			2,045			976,843			753,946			(54,615	)		(77,235	)
Change in unrealized gain (loss) on investments		(19,792	)		16,278			(5,352	)		5,201			(1,047,198	)		4,475,821			(51,863	)		240,317
Reinvested capital gains		2,380			-			956			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(7,711	)		24,490			29			10,899			232,719			5,511,394			(34,054	)		257,539
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		14,802			16,904			5,551			7,449			2,745,086			2,952,300			265,912			300,587
Transfers between funds		1,066			9,660			1,396			499,175			(109,475	)		(90,753	)		(59,172	)		(171,089	)
Surrenders (note 6)		(11,756	)		(82,264	)		(42,550	)		(463,074	)		(3,400,665	)		(3,338,448	)		(507,619	)		(292,808	)
Death Benefits (note 4)		-			-			(49,392	)		-			(589,656	)		(450,076	)		(333,354	)		(199,281	)
Net policy repayments (loans) (note 5)		298			(2,073	)		18			603			826,048			409,870			438,380			77,614
Deductions for surrender charges (note 2d)		-			-			-			-			(231	)		-			(5	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(12,667	)		(13,221	)		(7,093	)		(7,146	)		(3,613,607	)		(3,692,223	)		(384,577	)		(399,396	)
Asset charges (note 3):
MSP contracts		(131	)		(96	)		-			-			(10,791	)		(11,205	)		(7,312	)		(7,949	)
SL contracts or LSFP contracts		(13	)		(15	)		-			-			(6,721	)		(6,776	)		(1,024	)		(1,133	)
Adjustments to maintain reserves		(2	)		(1	)		9			(6	)		110			929			3			599
Net equity transactions		(8,403	)		(71,106	)		(92,061	)		37,001			(4,159,902	)		(4,226,382	)		(588,768	)		(692,856	)
Net change in contract owners’ equity		(16,114	)		(46,616	)		(92,032	)		47,900			(3,927,183	)		1,285,012			(622,822	)		(435,317	)
Contract owners’ equity beginning of period		523,470			570,086			210,486			162,586			51,525,804			50,240,792			6,328,719			6,764,036
Contract owners’ equity end of period	$	507,356			523,470			118,454			210,486			47,598,621			51,525,804			5,705,897			6,328,719
CHANGES IN UNITS:
Beginning units		39,970			45,475			14,705			11,879			877,893			968,562			191,939			215,753
Units purchased		1,910			3,261			554			3,626			68,621			96,765			13,244			14,785
Units redeemed		(2,572	)		(8,766	)		(6,900	)		(800	)		(152,046	)		(187,434	)		(32,946	)		(38,599	)
Ending units		39,308			39,970			8,359			14,705			794,468			877,893			172,237			191,939

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	CAF						GVIX2						GVIDA						NVDBL2
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(31,881	)		(32,223	)		7,185			7,120			17,988			24,123			5,426			5,018
Realized gain (loss) on investments		759,586			729,721			(1,229	)		(10,278	)		132,688			189,254			2,489			4,025
Change in unrealized gain (loss) on investments		(1,845,217	)		726,069			(12,853	)		(35,567	)		(175,162	)		(106,530	)		(16,823	)		(5,663	)
Reinvested capital gains		1,681,069			-			-			-			-			-			7,693			1,326
Net increase (decrease) in contract owners’ equity resulting from operations		563,557			1,423,567			(6,897	)		(38,725	)		(24,486	)		106,847			(1,215	)		4,706
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		786,033			826,278			5,287			4,962			91,020			109,312			13,653			8,448
Transfers between funds		26,371			(68,319	)		29,564			573,354			20,838			(131,711	)		(7,234	)		252,606
Surrenders (note 6)		(1,082,657	)		(1,023,259	)		(10,823	)		(130,871	)		(517,633	)		(208,028	)		(1,304	)		(13,315	)
Death Benefits (note 4)		(195,468	)		(76,022	)		-			-			(15,150	)		(7,156	)		-			-
Net policy repayments (loans) (note 5)		205,659			96,876			(12,259	)		4,330			327,163			24,942			656			1,645
Deductions for surrender charges (note 2d)		(59	)		-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(966,120	)		(971,276	)		(12,010	)		(10,888	)		(84,597	)		(91,391	)		(6,283	)		(5,346	)
Asset charges (note 3):
MSP contracts		(3,196	)		(3,285	)		(1,212	)		(879	)		(768	)		(750	)		(2,232	)		(737	)
SL contracts or LSFP contracts		(2,238	)		(2,383	)		-			-			-			-			-			-
Adjustments to maintain reserves		125			269			6			(1	)		(43	)		3,402			3			(8	)
Net equity transactions		(1,231,550	)		(1,221,121	)		(1,447	)		440,007			(179,170	)		(301,380	)		(2,741	)		243,293
Net change in contract owners’ equity		(667,993	)		202,446			(8,344	)		401,282			(203,656	)		(194,533	)		(3,956	)		247,999
Contract owners’ equity beginning of period		14,270,705			14,068,259			401,282			-			2,198,277			2,392,810			355,428			107,429
Contract owners’ equity end of period	$	13,602,712			14,270,705			392,938			401,282			1,994,621			2,198,277			351,472			355,428
CHANGES IN UNITS:
Beginning units		455,264			499,743			43,094			-			102,676			116,767			21,450			6,895
Units purchased		35,762			49,094			3,147			48,112			6,637			7,666			892			15,773
Units redeemed		(75,217	)		(93,573	)		(3,356	)		(5,018	)		(14,642	)		(21,757	)		(1,064	)		(1,218	)
Ending units		415,809			455,264			42,885			43,094			94,671			102,676			21,278			21,450

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVDCA2						GVIDC						GVIDM						GVDMA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	908			1,018			4,630			6,555			39,930			55,811			50,184			62,088
Realized gain (loss) on investments		(2,706	)		17,880			435			12,363			396,898			188,851			54,913			12,380
Change in unrealized gain (loss) on investments		(1,914	)		(22,008	)		(21,745	)		(16,915	)		(613,924	)		(34,444	)		(256,094	)		154,088
Reinvested capital gains		5,379			1,839			15,741			17,064			159,441			-			94,766			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,667			(1,271	)		(939	)		19,067			(17,655	)		210,218			(56,231	)		228,556
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		3,761			2,144			17,856			10,696			171,045			238,760			182,236			189,123
Transfers between funds		52,113			10,935			-			110,149			(97,917	)		(111,049	)		81,786			193,087
Surrenders (note 6)		(51,590	)		(26,126	)		(467,545	)		(133,690	)		(743,684	)		(391,482	)		(517,156	)		(442,751	)
Death Benefits (note 4)		(6,767	)		-			-			(39,563	)		(97,486	)		(14,304	)		(91	)		-
Net policy repayments (loans) (note 5)		(1,422	)		(81	)		395,686			55,273			240,151			86,954			209,915			34,087
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			(203	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(8,655	)		(12,833	)		(39,326	)		(44,511	)		(406,443	)		(420,791	)		(236,842	)		(239,369	)
Asset charges (note 3):
MSP contracts		(39	)		(41	)		(398	)		(536	)		(8,679	)		(9,130	)		(3,939	)		(3,559	)
SL contracts or LSFP contracts		-			-			(187	)		(186	)		(1,167	)		(1,958	)		(1,139	)		(1,143	)
Adjustments to maintain reserves		3			(7	)		4			(15	)		(23	)		40			(9	)		13
Net equity transactions		(12,596	)		(26,009	)		(93,910	)		(42,383	)		(944,203	)		(622,960	)		(285,442	)		(270,512	)
Net change in contract owners’ equity		(10,929	)		(27,280	)		(94,849	)		(23,316	)		(961,858	)		(412,742	)		(341,673	)		(41,956	)
Contract owners’ equity beginning of period		107,625			134,905			554,727			578,043			4,362,478			4,775,220			5,313,970			5,355,926
Contract owners’ equity end of period	$	96,696			107,625			459,878			554,727			3,400,620			4,362,478			4,972,297			5,313,970
CHANGES IN UNITS:
Beginning units		5,824			7,635			36,129			38,417			224,415			257,540			256,990			270,794
Units purchased		3,882			361			3,689			10,649			15,998			20,296			13,850			24,506
Units redeemed		(4,424	)		(2,172	)		(9,869	)		(12,937	)		(63,513	)		(53,421	)		(27,613	)		(38,310	)
Ending units		5,282			5,824			29,949			36,129			176,900			224,415			243,227			256,990

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	GVDMC						MCIF						SAM						NVMIG1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	40,966			44,528			39,116			33,301			(89,560	)		(100,704	)		7,897			31,418
Realized gain (loss) on investments		15,493			10,905			187,748			293,654			-			-			(33,340	)		79,770
Change in unrealized gain (loss) on investments		(263,047	)		20,686			(802,059	)		(158,369	)		-			-			(287,793	)		(450,189	)
Reinvested capital gains		187,054			67,301			407,893			321,415			-			-			259,733			236,420
Net increase (decrease) in contract owners’ equity resulting from operations		(19,534	)		143,420			(167,302	)		490,001			(89,560	)		(100,704	)		(53,503	)		(102,581	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		172,430			172,494			111,139			122,516			1,312,636			1,439,474			151,866			126,142
Transfers between funds		(6,568	)		63,280			411,715			48,202			2,547			2,302,319			143,196			4,615,056
Surrenders (note 6)		(34,223	)		(9,761	)		(140,560	)		(319,721	)		(3,279,330	)		(3,281,294	)		(211,032	)		(219,661	)
Death Benefits (note 4)		-			-			(22,367	)		(1	)		(612,352	)		(749,705	)		(45,715	)		(3,478	)
Net policy repayments (loans) (note 5)		(7,396	)		6,139			(38,621	)		(1,792	)		1,402,402			1,608,638			42,692			85,914
Deductions for surrender charges (note 2d)		-			-			(4	)		-			(2	)		-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(115,017	)		(107,463	)		(276,089	)		(281,554	)		(1,556,678	)		(1,736,347	)		(203,159	)		(145,532	)
Asset charges (note 3):
MSP contracts		(1,143	)		(1,143	)		(3,562	)		(3,684	)		(13,088	)		(12,746	)		(1,748	)		(1,205	)
SL contracts or LSFP contracts		-			-			(813	)		(778	)		(6,768	)		(7,071	)		(3	)		(1	)
Adjustments to maintain reserves		-			382			(18	)		417			(289	)		(343	)		(5	)		(5	)
Net equity transactions		8,083			123,928			40,820			(436,395	)		(2,750,922	)		(437,075	)		(123,908	)		4,457,230
Net change in contract owners’ equity		(11,451	)		267,348			(126,482	)		53,606			(2,840,482	)		(537,779	)		(177,411	)		4,354,649
Contract owners’ equity beginning of period		3,576,769			3,309,421			6,248,126			6,194,520			18,082,273			18,620,052			4,354,649			-
Contract owners’ equity end of period	$	3,565,318			3,576,769			6,121,644			6,248,126			15,241,791			18,082,273			4,177,238			4,354,649
CHANGES IN UNITS:
Beginning units		202,460			194,912			205,415			221,987			1,080,346			1,110,278			446,203			-
Units purchased		11,728			16,495			22,014			8,813			172,207			257,588			40,210			478,873
Units redeemed		(11,367	)		(8,947	)		(20,931	)		(25,385	)		(331,474	)		(287,520	)		(53,986	)		(32,670	)
Ending units		202,821			202,460			206,498			205,415			921,079			1,080,346			432,427			446,203

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	GVDIVI						NVMLG1						NVMLV1						NVMMG1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	4,799			11,346			(2,382	)		268			10,422			9,750			(166,025	)		(165,057	)
Realized gain (loss) on investments		(2,308	)		(33,493	)		208,737			273,350			55,042			162,638			1,158,366			1,449,728
Change in unrealized gain (loss) on investments		(36,881	)		(32,883	)		(331,028	)		(277,430	)		(306,841	)		(231,975	)		(5,388,566	)		(3,948,147	)
Reinvested capital gains		-			-			156,654			169,600			170,378			161,561			4,299,066			3,631,806
Net increase (decrease) in contract owners’ equity resulting from operations		(34,390	)		(55,030	)		31,981			165,788			(70,999	)		101,974			(97,159	)		968,330
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		18,783			20,359			54,415			70,114			55,582			56,205			1,031,866			1,111,613
Transfers between funds		119,374			467,794			(105,903	)		97,178			2,240			423			238,082			(738,845	)
Surrenders (note 6)		(22,012	)		(39,998	)		(210,453	)		(142,773	)		(14,932	)		(261,888	)		(2,021,250	)		(1,588,782	)
Death Benefits (note 4)		(2,071	)		-			(5,289	)		(61,650	)		-			(14,070	)		(203,993	)		(207,297	)
Net policy repayments (loans) (note 5)		(1,209	)		(5,401	)		11,949			39,803			4,412			1,330			188,066			311,266
Deductions for surrender charges (note 2d)		-			(116	)		-			-			-			-			(236	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(31,285	)		(22,150	)		(95,230	)		(95,043	)		(64,492	)		(66,709	)		(1,496,636	)		(1,488,418	)
Asset charges (note 3):
MSP contracts		(112	)		(83	)		(1,130	)		(1,062	)		(272	)		(389	)		(10,569	)		(10,067	)
SL contracts or LSFP contracts		(205	)		(179	)		(658	)		(759	)		(475	)		(467	)		(514	)		(968	)
Adjustments to maintain reserves		(1	)		(12	)		(9	)		(15	)		(19	)		(6	)		(43	)		(46	)
Net equity transactions		81,262			420,214			(352,308	)		(94,207	)		(17,956	)		(285,571	)		(2,275,227	)		(2,611,544	)
Net change in contract owners’ equity		46,872			365,184			(320,327	)		71,581			(88,955	)		(183,597	)		(2,372,386	)		(1,643,214	)
Contract owners’ equity beginning of period		520,425			155,241			2,154,180			2,082,599			1,335,836			1,519,433			30,094,977			31,738,191
Contract owners’ equity end of period	$	567,297			520,425			1,833,853			2,154,180			1,246,881			1,335,836			27,722,591			30,094,977
CHANGES IN UNITS:
Beginning units		28,978			7,825			138,851			147,302			90,319			113,081			1,938,492			2,115,910
Units purchased		8,829			31,064			6,448			14,291			6,989			6,575			123,652			137,217
Units redeemed		(4,353	)		(9,911	)		(30,464	)		(22,742	)		(9,846	)		(29,337	)		(264,517	)		(314,635	)
Ending units		33,454			28,978			114,835			138,851			87,462			90,319			1,797,627			1,938,492

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVMMV2						SCGF						SCVF						SCF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	145,924			186,574			(6,848	)		(10,087	)		14,092			4,385			(23,634	)		(61,661	)
Realized gain (loss) on investments		670,460			1,264,444			81,446			233,707			448,885			651,048			(72,804	)		283,490
Change in unrealized gain (loss) on investments		(4,050,342	)		(3,144,162	)		(267,373	)		(392,557	)		(1,351,892	)		(816,773	)		(1,849,853	)		(2,929,182	)
Reinvested capital gains		2,475,846			5,229,886			196,919			189,477			546,767			511,701			1,659,488			2,680,312
Net increase (decrease) in contract owners’ equity resulting from operations		(758,112	)		3,536,742			4,144			20,540			(342,148	)		350,361			(286,803	)		(27,041	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		617,500			647,905			62,222			68,719			189,275			187,271			459,018			515,951
Transfers between funds		198,647			58,430			297,086			(529,314	)		74,156			(339,391	)		(781,827	)		(1,132,774	)
Surrenders (note 6)		(1,223,044	)		(2,228,887	)		(93,235	)		(111,701	)		(357,155	)		(469,173	)		(979,656	)		(1,288,699	)
Death Benefits (note 4)		(250,379	)		(169,897	)		(80,942	)		(2,077	)		(61,233	)		(183,531	)		(172,194	)		(265,846	)
Net policy repayments (loans) (note 5)		196,921			111,622			(19,259	)		(4,589	)		126,361			164,702			85,563			187,570
Deductions for surrender charges (note 2d)		(111	)		-			-			-			-			(95	)		(56	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,025,468	)		(1,022,973	)		(56,001	)		(52,350	)		(225,639	)		(242,588	)		(729,558	)		(803,808	)
Asset charges (note 3):
MSP contracts		(6,049	)		(6,014	)		(494	)		(491	)		(2,185	)		(2,676	)		(7,314	)		(8,608	)
SL contracts or LSFP contracts		(44	)		(41	)		(597	)		(545	)		(4,895	)		(4,774	)		(3,963	)		(4,212	)
Adjustments to maintain reserves		(3	)		9			(25	)		5			(24	)		25			(815	)		296
Net equity transactions		(1,492,030	)		(2,609,846	)		108,755			(632,343	)		(261,339	)		(890,230	)		(2,130,802	)		(2,800,130	)
Net change in contract owners’ equity		(2,250,142	)		926,896			112,899			(611,803	)		(603,487	)		(539,869	)		(2,417,605	)		(2,827,171	)
Contract owners’ equity beginning of period		24,001,681			23,074,785			1,408,111			2,019,914			5,624,222			6,164,091			17,405,208			20,232,379
Contract owners’ equity end of period	$	21,751,539			24,001,681			1,521,010			1,408,111			5,020,735			5,624,222			14,987,603			17,405,208
CHANGES IN UNITS:
Beginning units		1,308,008			1,463,947			117,262			176,232			139,264			163,575			295,850			344,129
Units purchased		80,007			94,357			27,866			19,982			12,477			9,144			11,036			15,908
Units redeemed		(161,144	)		(250,296	)		(19,240	)		(78,952	)		(19,261	)		(33,455	)		(47,688	)		(64,187	)
Ending units		1,226,871			1,308,008			125,888			117,262			132,480			139,264			259,198			295,850

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	MSBF						NVSTB2						NVOLG1						NVTIV3
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	15,555			34,137			6,095			2,577			68,531			115,743			2,545			5,718
Realized gain (loss) on investments		123			31,054			(7,523	)		2,927			1,979,169			2,131,201			(865	)		2,227
Change in unrealized gain (loss) on investments		(52,530	)		(19,001	)		(4,578	)		(6,401	)		(7,496,685	)		(3,570,880	)		(21,489	)		(30,951	)
Reinvested capital gains		-			-			-			-			7,805,221			5,480,717			8,492			6,800
Net increase (decrease) in contract owners’ equity resulting from operations		(36,852	)		46,190			(6,006	)		(897	)		2,356,236			4,156,781			(11,317	)		(16,206	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		24,584			25,462			24,127			25,508			1,437,430			1,645,624			6,637			7,463
Transfers between funds		(22,909	)		(65,618	)		(5,011	)		(710	)		(733,173	)		(1,202,388	)		21,716			17,744
Surrenders (note 6)		(12,312	)		(200,773	)		(8,883	)		(7,202	)		(3,115,663	)		(2,696,852	)		(6,690	)		(6,296	)
Death Benefits (note 4)		-			(30,102	)		(11,202	)		-			(585,458	)		(218,683	)		-			-
Net policy repayments (loans) (note 5)		(27,834	)		(28,439	)		(7,024	)		(8,494	)		160,245			(102,979	)		363			271
Deductions for surrender charges (note 2d)		-			-			-			(92	)		(110	)		(93	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(48,087	)		(49,815	)		(17,247	)		(18,748	)		(2,291,070	)		(2,322,736	)		(7,161	)		(7,739	)
Asset charges (note 3):
MSP contracts		(689	)		(746	)		(97	)		(126	)		(19,407	)		(20,383	)		-			-
SL contracts or LSFP contracts		(264	)		(308	)		-			-			(17,890	)		(17,050	)		-			(6	)
Adjustments to maintain reserves		(8	)		14			(7	)		(1	)		980			(26	)		22			(20	)
Net equity transactions		(87,519	)		(350,325	)		(25,344	)		(9,865	)		(5,164,116	)		(4,935,566	)		14,887			11,417
Net change in contract owners’ equity		(124,371	)		(304,135	)		(31,350	)		(10,762	)		(2,807,880	)		(778,785	)		3,570			(4,789	)
Contract owners’ equity beginning of period		1,168,785			1,472,920			573,245			584,007			53,332,403			54,111,188			174,171			178,960
Contract owners’ equity end of period	$	1,044,414			1,168,785			541,895			573,245			50,524,523			53,332,403			177,741			174,171
CHANGES IN UNITS:
Beginning units		58,596			76,689			51,526			52,481			2,236,695			2,458,573			11,223			10,518
Units purchased		2,275			3,019			3,117			3,572			99,943			118,726			1,740			11,928
Units redeemed		(6,639	)		(21,112	)		(5,490	)		(4,527	)		(311,021	)		(340,604	)		(966	)		(11,223	)
Ending units		54,232			58,596			49,153			51,526			2,025,618			2,236,695			11,997			11,223

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	EIF						NVRE1						NVLCAP						NVLMP
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	7,962			9,890			200,352			242,587			18			115			166			-
Realized gain (loss) on investments		39,711			87,921			(37,780	)		548,073			(85	)		(19	)		(6	)		-
Change in unrealized gain (loss) on investments		(102,042	)		(40,212	)		(2,095,864	)		(955,360	)		222			(370	)		(723	)		-
Reinvested capital gains		-			-			1,367,077			2,452,464			61			208			131			-
Net increase (decrease) in contract owners’ equity resulting from operations		(54,369	)		57,599			(566,215	)		2,287,764			216			(66	)		(432	)		-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		25,345			42,720			265,215			645,013			1,215			-			188			-
Transfers between funds		63,999			42,646			(577,031	)		1,322,671			-			8,455			10,131			-
Surrenders (note 6)		(16,090	)		(9,748	)		(495,360	)		(773,476	)		-			-			-			-
Death Benefits (note 4)		(985	)		(1,872	)		(233,589	)		(101,373	)		(6,662	)		-			-			-
Net policy repayments (loans) (note 5)		(23,616	)		(7,331	)		78,944			(29,086	)		-			-			-			-
Deductions for surrender charges (note 2d)		-			-			-			(75	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(36,100	)		(40,002	)		(415,384	)		(417,091	)		(987	)		(1,039	)		(106	)		-
Asset charges (note 3):
MSP contracts		(10	)		(10	)		(4,058	)		(4,148	)		-			-			-			-
SL contracts or LSFP contracts		(55	)		(92	)		(1,048	)		(1,143	)		-			-			-			-
Adjustments to maintain reserves		18			7			(15	)		48			(1	)		1			1			-
Net equity transactions		12,506			26,318			(1,382,326	)		641,340			(6,435	)		7,417			10,214			-
Net change in contract owners’ equity		(41,863	)		83,917			(1,948,541	)		2,929,104			(6,219	)		7,351			9,782			-
Contract owners’ equity beginning of period		837,977			754,060			10,879,790			7,950,686			7,351			-			-			-
Contract owners’ equity end of period	$	796,114			837,977			8,931,249			10,879,790			1,132			7,351			9,782			-
CHANGES IN UNITS:
Beginning units		31,499			30,815			716,177			669,846			627			-			-			-
Units purchased		4,385			3,560			34,465			162,469			102			716			887			-
Units redeemed		(3,780	)		(2,876	)		(126,179	)		(116,138	)		(629	)		(89	)		(9	)		-
Ending units		32,104			31,499			624,463			716,177			100			627			878			-

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	NVSIX2						GVEX1						NOTG3						ALVGIA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	659			77			30,485			32,582			11			6			2,699			3,285
Realized gain (loss) on investments		(37	)		(4,285	)		52,407			69,199			6			10			19,258			91,190
Change in unrealized gain (loss) on investments		(15,994	)		(2,692	)		(87,031	)		40,141			(254	)		(5	)		(16,601	)		(68,171	)
Reinvested capital gains		9,264			5,007			32,140			-			10			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(6,108	)		(1,893	)		28,001			141,922			(227	)		11			5,356			26,304
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		7,883			276			34,699			13,525			-			-			8,097			12,299
Transfers between funds		55,552			60,372			64,972			1,269,291			-			-			19,853			(394,286	)
Surrenders (note 6)		-			(46,737	)		(7,533	)		(154,517	)		-			-			(84,883	)		(6,074	)
Death Benefits (note 4)		-			-			(28,777	)		-			-			-			-			-
Net policy repayments (loans) (note 5)		172			1,540			(11	)		(26,799	)		-			-			(391	)		3,745
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(4,154	)		(4,958	)		(58,808	)		(30,136	)		(84	)		(87	)		(18,520	)		(21,685	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			-			(60	)		(116	)
SL contracts or LSFP contracts		-			-			-			-			-			-			(43	)		(27	)
Adjustments to maintain reserves		3			(6	)		3			-			-			(2	)		4			(22	)
Net equity transactions		59,456			10,487			4,545			1,071,364			(84	)		(89	)		(75,943	)		(406,166	)
Net change in contract owners’ equity		53,348			8,594			32,546			1,213,286			(311	)		(78	)		(70,587	)		(379,862	)
Contract owners’ equity beginning of period		61,540			52,946			2,189,443			976,157			2,342			2,420			384,461			764,323
Contract owners’ equity end of period	$	114,888			61,540			2,221,989			2,189,443			2,031			2,342			313,874			384,461
CHANGES IN UNITS:
Beginning units		4,685			4,191			164,565			82,752			215			223			15,204			32,892
Units purchased		4,955			2,262			11,896			90,517			-			-			1,239			1,887
Units redeemed		(398	)		(1,768	)		(10,504	)		(8,704	)		(8	)		(8	)		(4,208	)		(19,575	)
Ending units		9,242			4,685			165,957			164,565			207			215			12,235			15,204

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	ALVSVA						ACVB						ACVCA						ACVIG
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	3,332			2,843			63,392			49,930			(14,433	)		(14,364	)		33,592			37,868
Realized gain (loss) on investments		40,625			62,551			213,764			137,191			164,466			55,927			122,577			350,173
Change in unrealized gain (loss) on investments		(303,393	)		(109,774	)		(1,061,551	)		(110,320	)		(241,063	)		(274,479	)		(513,594	)		(90,425	)
Reinvested capital gains		190,119			154,679			608,275			454,110			122,410			363,577			209,836			-
Net increase (decrease) in contract owners’ equity resulting from operations		(69,317	)		110,299			(176,120	)		530,911			31,380			130,661			(147,589	)		297,616
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		32,841			38,126			126,391			140,885			11,675			(9,044	)		42,810			48,078
Transfers between funds		(52,760	)		199,793			(703,472	)		1,084,428			27,484			33,734			(150,826	)		(60,634	)
Surrenders (note 6)		(86,038	)		(156,667	)		(193,931	)		(375,939	)		(156,147	)		(71,076	)		(154,954	)		(213,932	)
Death Benefits (note 4)		-			(16	)		(12,037	)		(57,048	)		(206,191	)		511			(106,649	)		(6,551	)
Net policy repayments (loans) (note 5)		(15,932	)		32,717			64,834			21,700			126,988			8,112			(94,553	)		94,994
Deductions for surrender charges (note 2d)		-			-			(44	)		-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(52,899	)		(59,653	)		(225,007	)		(221,673	)		(44,933	)		(33,603	)		(108,908	)		(103,710	)
Asset charges (note 3):
MSP contracts		(418	)		(436	)		(1,974	)		(2,341	)		-			1,608			(2,154	)		(2,595	)
SL contracts or LSFP contracts		(243	)		(255	)		(574	)		(524	)		(1,560	)		(1,350	)		(347	)		(510	)
Adjustments to maintain reserves		12			23			(31	)		373			246			(2,149	)		(25	)		414
Net equity transactions		(175,437	)		53,632			(945,845	)		589,861			(242,438	)		(73,257	)		(575,606	)		(244,446	)
Net change in contract owners’ equity		(244,754	)		163,931			(1,121,965	)		1,120,772			(211,058	)		57,404			(723,195	)		53,170
Contract owners’ equity beginning of period		1,304,186			1,140,255			6,313,545			5,192,773			1,852,786			1,795,382			2,665,348			2,612,178
Contract owners’ equity end of period	$	1,059,432			1,304,186			5,191,580			6,313,545			1,641,728			1,852,786			1,942,153			2,665,348
CHANGES IN UNITS:
Beginning units		35,245			33,478			202,718			173,234			98,440			100,920			128,055			139,633
Units purchased		1,529			7,086			24,369			52,197			2,392			5,156			3,780			6,050
Units redeemed		(6,375	)		(5,319	)		(41,348	)		(22,713	)		(17,390	)		(7,636	)		(31,750	)		(17,628	)
Ending units		30,399			35,245			185,739			202,718			83,442			98,440			100,085			128,055

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	ACVIP2						ACVI						ACVMV1						ACVU1
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	18,093			10,917			(558	)		6,012			25,873			12,770			(407	)		(859	)
Realized gain (loss) on investments		(27,835	)		(27,305	)		74,994			9,612			124,885			191,508			(11,020	)		1,347
Change in unrealized gain (loss) on investments		(23,725	)		25,152			(83,807	)		(47,894	)		(293,336	)		(40,348	)		(3,481	)		(1,674	)
Reinvested capital gains		-			32,823			-			-			104,500			109,437			20,475			-
Net increase (decrease) in contract owners’ equity resulting from operations		(33,467	)		41,587			(9,371	)		(32,270	)		(38,078	)		273,367			5,567			(1,186	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		55,862			43,674			2,656			1			41,604			43,956			-			(529	)
Transfers between funds		(15,461	)		(51,205	)		176,060			(19,712	)		108,296			126,073			(60,099	)		40,461
Surrenders (note 6)		(46,158	)		(197,748	)		(72,406	)		(46,908	)		(133,552	)		(85,074	)		-			(808	)
Death Benefits (note 4)		(12,538	)		(272	)		(46,852	)		(20,825	)		(12,414	)		(837	)		-			-
Net policy repayments (loans) (note 5)		18,995			27,448			(1,171	)		(1,726	)		(9,244	)		(42,888	)		7,091			(142	)
Deductions for surrender charges (note 2d)		-			(89	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(66,931	)		(65,959	)		(14,868	)		(15,304	)		(70,124	)		(63,104	)		(2,439	)		(1,402	)
Asset charges (note 3):
MSP contracts		(2,349	)		(2,446	)		-			-			(684	)		(656	)		-			-
SL contracts or LSFP contracts		(100	)		(63	)		(1,077	)		(893	)		(12	)		(55	)		(104	)		(14	)
Adjustments to maintain reserves		(7	)		(8	)		129			(923	)		14			18			4			52
Net equity transactions		(68,687	)		(246,668	)		42,471			(106,290	)		(76,116	)		(22,567	)		(55,547	)		37,618
Net change in contract owners’ equity		(102,154	)		(205,081	)		33,100			(138,560	)		(114,194	)		250,800			(49,980	)		36,432
Contract owners’ equity beginning of period		1,171,233			1,376,314			498,337			636,897			2,179,777			1,928,977			222,110			185,678
Contract owners’ equity end of period	$	1,069,079			1,171,233			531,437			498,337			2,065,583			2,179,777			172,130			222,110
CHANGES IN UNITS:
Beginning units		76,999			93,282			31,161			36,115			83,768			85,896			11,928			10,891
Units purchased		9,453			5,463			13,284			99			6,980			6,734			1,924			1,667
Units redeemed		(14,204	)		(21,746	)		(18,170	)		(5,053	)		(9,772	)		(8,862	)		(5,279	)		(630	)
Ending units		72,248			76,999			26,275			31,161			80,976			83,768			8,573			11,928

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	DVSCS						DCAP						DSC						DGI
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	4,772			1,830			54,864			65,531			(2,143	)		(1,939	)		5,650			4,356
Realized gain (loss) on investments		147,110			342,303			129,939			231,444			13,053			80,400			29,660			116,439
Change in unrealized gain (loss) on investments		(358,038	)		(393,520	)		(533,137	)		(84,015	)		(23,659	)		(89,160	)		(157,860	)		15,466
Reinvested capital gains		139,707			127,835			218,154			128,531			6,502			-			140,400			-
Net increase (decrease) in contract owners’ equity resulting from operations		(66,449	)		78,448			(130,180	)		341,491			(6,247	)		(10,699	)		17,850			136,261
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		31,675			53,577			137,931			147,379			15,603			13,087			50,778			56,743
Transfers between funds		170,628			(313,115	)		(120,419	)		(41,310	)		169,006			(280,728	)		(19,061	)		21,379
Surrenders (note 6)		(217,205	)		(60,355	)		(211,449	)		(361,262	)		(12,571	)		(14,660	)		(66,854	)		(121,425	)
Death Benefits (note 4)		(8,760	)		(19,312	)		(155,546	)		-			(4,580	)		-			-			(31,642	)
Net policy repayments (loans) (note 5)		51,385			(72,058	)		64,303			(21,839	)		(1,321	)		9,513			21,057			15,177
Deductions for surrender charges (note 2d)		-			(29	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(79,849	)		(95,724	)		(200,179	)		(213,488	)		(22,747	)		(23,566	)		(90,944	)		(92,120	)
Asset charges (note 3):
MSP contracts		(1,508	)		(1,600	)		(1,597	)		(1,653	)		(165	)		(115	)		(845	)		(799	)
SL contracts or LSFP contracts		(836	)		(820	)		(1,952	)		(2,053	)		(32	)		(50	)		(755	)		(710	)
Adjustments to maintain reserves		(11	)		42			(6	)		(4	)		(5	)		23			(27	)		32
Net equity transactions		(54,481	)		(509,394	)		(488,914	)		(494,230	)		143,188			(296,496	)		(106,651	)		(153,365	)
Net change in contract owners’ equity		(120,930	)		(430,946	)		(619,094	)		(152,739	)		136,941			(307,195	)		(88,801	)		(17,104	)
Contract owners’ equity beginning of period		2,154,442			2,585,388			4,872,602			5,025,341			301,521			608,716			1,571,310			1,588,414
Contract owners’ equity end of period	$	2,033,512			2,154,442			4,253,508			4,872,602			438,462			301,521			1,482,509			1,571,310
CHANGES IN UNITS:
Beginning units		78,084			98,177			191,958			212,115			14,105			28,819			63,073			70,468
Units purchased		11,065			4,461			9,112			11,285			9,255			923			3,285			5,327
Units redeemed		(13,215	)		(24,554	)		(27,941	)		(31,442	)		(2,281	)		(15,637	)		(7,536	)		(12,722	)
Ending units		75,934			78,084			173,129			191,958			21,079			14,105			58,822			63,073

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FVCA2P						FQB						FEIP						FHIP
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	2,227			2,360			39,368			48,758			1,026,465			959,835			591,689			378,321
Realized gain (loss) on investments		(763	)		(1,665	)		(1,960	)		3,439			(402,953	)		135,092			(500	)		532,867
Change in unrealized gain (loss) on investments		(12,187	)		(32,976	)		(47,104	)		(2,921	)		(6,189,751	)		1,732,780			(1,122,374	)		(838,853	)
Reinvested capital gains		221			30,607			-			-			3,810,025			594,601			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(10,502	)		(1,674	)		(9,696	)		49,276			(1,756,214	)		3,422,308			(531,185	)		72,335
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		4,792			4,537			30,237			30,280			1,438,805			1,519,924			299,021			20,775
Transfers between funds		(1,710	)		(12	)		(3,104	)		(112,875	)		(206,502	)		(749,562	)		3,006,712			(526,138	)
Surrenders (note 6)		-			-			(24,382	)		(185,277	)		(2,202,646	)		(3,281,240	)		(520,832	)		(401,261	)
Death Benefits (note 4)		-			-			(9,695	)		(28,172	)		(1,219,798	)		(593,834	)		(121,438	)		(65,169	)
Net policy repayments (loans) (note 5)		(79	)		460			(11,483	)		11,282			325,513			472,128			40,394			(112,888	)
Deductions for surrender charges (note 2d)		-			-			-			-			(113	)		(188	)		(43	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(3,185	)		(3,547	)		(64,948	)		(69,703	)		(2,155,230	)		(2,284,845	)		(492,558	)		(318,604	)
Asset charges (note 3):
MSP contracts		-			-			(1,031	)		(1,037	)		(18,778	)		(22,125	)		(6,289	)		(6,215	)
SL contracts or LSFP contracts		(237	)		(247	)		(238	)		(245	)		(4,988	)		(5,692	)		(3,263	)		(3,492	)
Adjustments to maintain reserves		(4	)		19			(31	)		17			(1,111	)		3,186			(166	)		112
Net equity transactions		(423	)		1,210			(84,675	)		(355,730	)		(4,044,848	)		(4,942,248	)		2,201,538			(1,412,880	)
Net change in contract owners’ equity		(10,925	)		(464	)		(94,371	)		(306,454	)		(5,801,062	)		(1,519,940	)		1,670,353			(1,340,545	)
Contract owners’ equity beginning of period		161,462			161,926			1,268,099			1,574,553			42,709,270			44,229,210			7,050,000			8,390,545
Contract owners’ equity end of period	$	150,537			161,462			1,173,728			1,268,099			36,908,208			42,709,270			8,720,353			7,050,000
CHANGES IN UNITS:
Beginning units		9,061			8,972			73,842			94,617			676,970			767,539			206,871			257,480
Units purchased		348			315			4,900			2,674			30,449			35,585			198,882			4,256
Units redeemed		(367	)		(226	)		(9,913	)		(23,449	)		(111,705	)		(126,154	)		(170,403	)		(54,865	)
Ending units		9,042			9,061			68,829			73,842			595,714			676,970			235,350			206,871

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FAMP						FNRS2						FF10S						FF20S
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	115,379			113,107			9,246			2,963			4,673			4,988			15,351			13,155
Realized gain (loss) on investments		162,856			230,351			(45,729	)		306,374			21,022			12,729			29,487			42,419
Change in unrealized gain (loss) on investments		(1,155,866	)		(280,760	)		(477,629	)		(753,406	)		(31,340	)		(7,472	)		(62,073	)		(32,098	)
Reinvested capital gains		850,345			598,481			68,358			31,221			1,127			6,464			5,325			20,328
Net increase (decrease) in contract owners’ equity resulting from operations		(27,286	)		661,179			(445,754	)		(412,848	)		(4,518	)		16,709			(11,910	)		43,804
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		432,668			468,210			112,027			120,817			13,038			12,586			24,615			25,260
Transfers between funds		333,568			155,266			(13,685	)		277,026			(39,527	)		36,600			31,156			97,061
Surrenders (note 6)		(1,096,350	)		(792,434	)		(225,083	)		(180,543	)		(38,548	)		(4,727	)		(12,974	)		(78,781	)
Death Benefits (note 4)		(548,190	)		(98,867	)		(8,814	)		(25,249	)		(18,675	)		(22,738	)		-			-
Net policy repayments (loans) (note 5)		377,736			92,418			79,645			9,537			42,014			26,512			2,259			3,662
Deductions for surrender charges (note 2d)		(83	)		-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(631,677	)		(669,653	)		(137,996	)		(180,258	)		(17,509	)		(18,131	)		(46,575	)		(44,497	)
Asset charges (note 3):
MSP contracts		(3,648	)		(3,809	)		(928	)		(1,222	)		(463	)		(550	)		(635	)		(623	)
SL contracts or LSFP contracts		(1,880	)		(1,660	)		(325	)		(629	)		-			-			-			-
Adjustments to maintain reserves		(26	)		1,757			(14	)		(41	)		(22	)		(2	)		(9	)		12
Net equity transactions		(1,137,882	)		(848,772	)		(195,173	)		19,438			(59,692	)		29,550			(2,163	)		2,094
Net change in contract owners’ equity		(1,165,168	)		(187,593	)		(640,927	)		(393,410	)		(64,210	)		46,259			(14,073	)		45,898
Contract owners’ equity beginning of period		12,509,516			12,697,109			2,292,207			2,685,617			449,715			403,456			1,214,914			1,169,016
Contract owners’ equity end of period	$	11,344,348			12,509,516			1,651,280			2,292,207			385,505			449,715			1,200,841			1,214,914
CHANGES IN UNITS:
Beginning units		333,655			354,922			121,575			123,779			26,431			24,584			69,148			69,351
Units purchased		19,793			28,385			16,834			17,448			3,498			5,311			4,538			8,648
Units redeemed		(49,507	)		(49,652	)		(27,211	)		(19,652	)		(7,012	)		(3,464	)		(4,683	)		(8,851	)
Ending units		303,941			333,655			111,198			121,575			22,917			26,431			69,003			69,148

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FF30S						FGP						FIGBS						FMCS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	12,232			10,634			(185,080	)		(233,365	)		43,599			35,749			(9,907	)		(28,762	)
Realized gain (loss) on investments		38,621			76,822			2,319,505			1,265,443			(4,711	)		(39,110	)		557,369			476,868
Change in unrealized gain (loss) on investments		(67,399	)		(64,132	)		(73,178	)		5,222,802			(64,876	)		143,429			(1,660,050	)		(170,327	)
Reinvested capital gains		6,132			23,984			1,921,974			-			1,695			1,105			998,497			197,053
Net increase (decrease) in contract owners’ equity resulting from operations		(10,414	)		47,308			3,983,221			6,254,880			(24,293	)		141,173			(114,091	)		474,832
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		48,810			62,000			2,347,353			2,472,664			66,877			78,810			213,544			240,116
Transfers between funds		(8,627	)		14,475			(268,945	)		237,812			(15,084	)		(1,208,081	)		(441,243	)		126,579
Surrenders (note 6)		(68,759	)		(59,883	)		(3,504,662	)		(4,424,565	)		(53,661	)		(226,018	)		(910,113	)		(456,001	)
Death Benefits (note 4)		-			(3,056	)		(1,594,121	)		(497,720	)		(6,501	)		(4,993	)		(59,807	)		(10,747	)
Net policy repayments (loans) (note 5)		8,422			(31,566	)		577,027			570,099			11,143			75,387			(46,133	)		(4,573	)
Deductions for surrender charges (note 2d)		-			(9	)		(360	)		(179	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(64,537	)		(61,276	)		(3,180,837	)		(3,228,943	)		(104,563	)		(119,922	)		(329,522	)		(334,966	)
Asset charges (note 3):
MSP contracts		(73	)		(71	)		(16,640	)		(15,854	)		(1,808	)		(1,831	)		(1,475	)		(1,552	)
SL contracts or LSFP contracts		-			-			(12,231	)		(11,724	)		(399	)		(404	)		(923	)		(951	)
Adjustments to maintain reserves		(12	)		9			1,224			2,855			1			12			39			(19	)
Net equity transactions		(84,776	)		(79,377	)		(5,652,192	)		(4,895,555	)		(103,995	)		(1,407,040	)		(1,575,633	)		(442,114	)
Net change in contract owners’ equity		(95,190	)		(32,069	)		(1,668,971	)		1,359,325			(128,288	)		(1,265,867	)		(1,689,724	)		32,718
Contract owners’ equity beginning of period		1,209,777			1,241,846			62,138,806			60,779,481			2,195,991			3,461,858			8,573,644			8,540,926
Contract owners’ equity end of period	$	1,114,587			1,209,777			60,469,835			62,138,806			2,067,703			2,195,991			6,883,920			8,573,644
CHANGES IN UNITS:
Beginning units		66,272			71,020			1,018,407			1,096,597			138,270			230,006			208,483			219,649
Units purchased		3,856			7,259			48,913			68,758			10,497			10,768			8,013			16,637
Units redeemed		(8,507	)		(12,007	)		(153,952	)		(146,948	)		(16,983	)		(102,504	)		(45,721	)		(27,803	)
Ending units		61,621			66,272			913,368			1,018,407			131,784			138,270			170,775			208,483

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FOP						FOS					FVSS						FTVIS2
	2015			2014			2015			2014		2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	43,173			44,301			37,855			-		4,228			3,275			72,211			98,510
Realized gain (loss) on investments		(102,963	)		147,817			(6,898	)		-		139,072			153,128			18,579			60,798
Change in unrealized gain (loss) on investments		223,466			(751,010	)		(257,661	)		-		(171,491	)		(74,669	)		(228,005	)		(79,477	)
Reinvested capital gains		5,435			1,683			4,086			-		776			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		169,111			(557,209	)		(222,618	)		-		(27,415	)		81,734			(137,215	)		79,831
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,284			(3,014	)		241,659			-		20,227			30,990			70,920			164,438
Transfers between funds		421,057			23,988			4,245,803			-		(145,229	)		(128,512	)		77,198			157,831
Surrenders (note 6)		(439,936	)		(532,421	)		(182,352	)		-		(27,040	)		(57,134	)		(93,975	)		(264,462	)
Death Benefits (note 4)		(263,819	)		(118,684	)		(8,138	)		-		(15,175	)		(38,221	)		-			(79,334	)
Net policy repayments (loans) (note 5)		(20,803	)		(9,249	)		(7,202	)		-		8,126			11,218			(6,197	)		40,368
Deductions for surrender charges (note 2d)		(11	)		-			-			-		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(186,820	)		(203,032	)		(172,136	)		-		(54,918	)		(54,910	)		(96,619	)		(100,131	)
Asset charges (note 3):
MSP contracts		(2,118	)		(3,151	)		(400	)		-		(913	)		(893	)		(1,580	)		(1,740	)
SL contracts or LSFP contracts		(2,081	)		(1,326	)		-			-		(401	)		(467	)		-			-
Adjustments to maintain reserves		72			505			(21	)		-		(22	)		33			(8	)		5
Net equity transactions		(493,175	)		(846,384	)		4,117,213			-		(215,345	)		(237,896	)		(50,261	)		(83,025	)
Net change in contract owners’ equity		(324,064	)		(1,403,593	)		3,894,595			-		(242,760	)		(156,162	)		(187,476	)		(3,194	)
Contract owners’ equity beginning of period		5,559,225			6,962,818			-			-		1,042,411			1,198,573			1,837,767			1,840,961
Contract owners’ equity end of period	$	5,235,161			5,559,225			3,894,595			-		799,651			1,042,411			1,650,291			1,837,767
CHANGES IN UNITS:
Beginning units		200,573			225,192			-			-		41,702			51,121			111,453			116,247
Units purchased		133,370			9,827			456,497			-		3,237			2,502			12,455			17,178
Units redeemed		(155,288	)		(34,446	)		(43,127	)		-		(11,840	)		(11,921	)		(15,713	)		(21,972	)
Ending units		178,655			200,573			413,370			-		33,099			41,702			108,195			111,453

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FTVRDI						FTVSVI						FTVDM2						TIF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	53,757			52,928			11,269			10,760			12,743			11,713			3,726			2,685
Realized gain (loss) on investments		229,332			505,565			271,313			463,181			(26,037	)		39			(4,968	)		(3,972	)
Change in unrealized gain (loss) on investments		(922,805	)		(236,287	)		(883,329	)		(722,622	)		(273,272	)		(67,407	)		(9,997	)		(18,154	)
Reinvested capital gains		464,223			94,215			388,063			236,556			107,463			-			4,071			-
Net increase (decrease) in contract owners’ equity resulting from operations		(175,493	)		416,421			(212,684	)		(12,125	)		(179,103	)		(55,655	)		(7,168	)		(19,441	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		125,962			141,732			59,790			84,594			31,401			21,670			-			-
Transfers between funds		43,181			412,138			(532,250	)		(437,925	)		17,522			989,843			(2,493	)		-
Surrenders (note 6)		(329,669	)		(803,283	)		(124,855	)		(416,480	)		(41,279	)		(96,463	)		(19,896	)		(24,100	)
Death Benefits (note 4)		(5,827	)		-			(14,833	)		-			(5,854	)		-			-			-
Net policy repayments (loans) (note 5)		48,238			(1,675	)		(47,781	)		(56,193	)		23,491			70,342			(17,265	)		(4,902	)
Deductions for surrender charges (note 2d)		-			-			-			(159	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(143,226	)		(150,533	)		(88,083	)		(103,398	)		(39,842	)		(30,829	)		(2,949	)		(4,068	)
Asset charges (note 3):
MSP contracts		(971	)		(988	)		(923	)		(987	)		(174	)		(161	)		(37	)		(41	)
SL contracts or LSFP contracts		(976	)		(989	)		(253	)		(398	)		(137	)		(117	)		-			-
Adjustments to maintain reserves		(1	)		(10	)		(53	)		(13	)		(4	)		(4	)		4			(5	)
Net equity transactions		(263,289	)		(403,608	)		(749,241	)		(930,959	)		(14,876	)		954,281			(42,636	)		(33,116	)
Net change in contract owners’ equity		(438,782	)		12,813			(961,925	)		(943,084	)		(193,979	)		898,626			(49,804	)		(52,557	)
Contract owners’ equity beginning of period		4,695,586			4,682,773			3,237,630			4,180,714			898,626			-			151,324			203,881
Contract owners’ equity end of period	$	4,256,804			4,695,586			2,275,705			3,237,630			704,647			898,626			101,520			151,324
CHANGES IN UNITS:
Beginning units		173,632			188,022			93,738			121,642			95,621			-			6,282			7,507
Units purchased		9,878			8,938			2,929			4,253			9,274			103,589			15			41
Units redeemed		(19,697	)		(23,328	)		(25,288	)		(32,157	)		(11,180	)		(7,968	)		(1,785	)		(1,266	)
Ending units		163,813			173,632			71,379			93,738			93,715			95,621			4,512			6,282

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	TIF2						FTVGI2						FTVFA2						AMTB
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	32,885			23,869			164,544			114,927			6,643			4,537			24,259			30,891
Realized gain (loss) on investments		(55,100	)		(15,415	)		(27,102	)		(10,377	)		(1,017	)		(2,771	)		(20,251	)		(32,374	)
Change in unrealized gain (loss) on investments		(95,533	)		(214,004	)		(256,761	)		(93,180	)		(24,894	)		345			(12,385	)		2,647
Reinvested capital gains		39,464			-			11,359			-			431			162			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(78,284	)		(205,550	)		(107,960	)		11,370			(18,837	)		2,273			(8,377	)		1,164
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		38,602			25,022			91,248			56,607			5,066			6,149			63,475			68,876
Transfers between funds		(111,810	)		1,613,430			(79,782	)		2,487,348			79,370			81,885			(87,264	)		32,295
Surrenders (note 6)		(101,815	)		(103,552	)		(39,125	)		(88,664	)		(4,361	)		(9,141	)		(118,093	)		(93,749	)
Death Benefits (note 4)		-			-			(23,457	)		-			(2,189	)		(13,480	)		(65,006	)		(21,130	)
Net policy repayments (loans) (note 5)		7,937			(1,304	)		7,066			(45,738	)		41			325			43,305			20,797
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(35,683	)		(28,846	)		(102,040	)		(68,893	)		(19,705	)		(13,705	)		(89,097	)		(97,041	)
Asset charges (note 3):
MSP contracts		(200	)		(148	)		(1,455	)		(1,081	)		(232	)		(345	)		(3,830	)		(4,209	)
SL contracts or LSFP contracts		(190	)		(136	)		(332	)		(159	)		-			-			(734	)		(654	)
Adjustments to maintain reserves		(10	)		(3	)		(7	)		2			(11	)		-			(13	)		7
Net equity transactions		(203,169	)		1,504,463			(147,884	)		2,339,422			57,979			51,688			(257,257	)		(94,808	)
Net change in contract owners’ equity		(281,453	)		1,298,913			(255,844	)		2,350,792			39,142			53,961			(265,634	)		(93,644	)
Contract owners’ equity beginning of period		1,298,913			-			2,350,792			-			210,388			156,427			2,776,317			2,869,961
Contract owners’ equity end of period	$	1,017,460			1,298,913			2,094,948			2,350,792			249,530			210,388			2,510,683			2,776,317
CHANGES IN UNITS:
Beginning units		149,193			-			233,805			-			15,708			11,864			151,479			161,759
Units purchased		8,445			157,657			11,141			253,660			7,513			8,968			10,195			13,743
Units redeemed		(32,059	)		(8,464	)		(26,207	)		(19,855	)		(3,252	)		(5,124	)		(22,957	)		(24,023	)
Ending units		125,579			149,193			218,739			233,805			19,969			15,708			138,717			151,479

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	AMGP						AMINS						AMCG					AMMCGS
	2015			2014			2015			2014			2015			2014		2015			2014
Investment activity:
Net investment income (loss)	$	417			(43	)		203			69			(1,426	)		-		(167	)		-
Realized gain (loss) on investments		2,064			13,864			196			41			(2,998	)		-		(2,867	)		74
Change in unrealized gain (loss) on investments		(50,299	)		(27,145	)		(289	)		(766	)		(74,940	)		-		(5,763	)		(6,335	)
Reinvested capital gains		38,715			25,161			59			-			-			-		222			7,512
Net increase (decrease) in contract owners’ equity resulting from operations		(9,103	)		11,837			169			(656	)		(79,364	)		-		(8,575	)		1,251
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-			(73	)		2,421			965			1,020			-		582			226
Transfers between funds		(1,939	)		(47,489	)		-			-			1,926,103			-		193,634			-
Surrenders (note 6)		(5,393	)		-			-			-			(15,507	)		-		(541	)		-
Death Benefits (note 4)		-			-			-			-			-			-		-			-
Net policy repayments (loans) (note 5)		277			217			-			-			(88,052	)		-		257			-
Deductions for surrender charges (note 2d)		-			-			-			-			-			-		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(5,408	)		(5,336	)		(1,435	)		(222	)		(8,794	)		-		(1,936	)		(374	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			-		-			-
SL contracts or LSFP contracts		(308	)		(312	)		(77	)		(66	)		(461	)		-		(15	)		(56	)
Adjustments to maintain reserves		(7	)		(8	)		(4	)		(7	)		6			-		2			(24	)
Net equity transactions		(12,778	)		(53,001	)		905			670			1,814,315			-		191,983			(228	)
Net change in contract owners’ equity		(21,881	)		(41,164	)		1,074			14			1,734,951			-		183,408			1,023
Contract owners’ equity beginning of period		168,168			209,332			19,555			19,541			-			-		18,324			17,301
Contract owners’ equity end of period	$	146,287			168,168			20,629			19,555			1,734,951			-		201,732			18,324
CHANGES IN UNITS:
Beginning units		7,518			10,511			1,255			1,213			-			-		530			537
Units purchased		46			43			143			60			193,678			-		6,282			7
Units redeemed		(698	)		(3,036	)		(94	)		(18	)		(12,865	)		-		(624	)		(14	)
Ending units		6,866			7,518			1,304			1,255			180,813			-		6,188			530

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	AMTP						AMRS						AMSRS						OVMS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	18,120			18,100			93			182			355			(1,034	)		97,864			90,621
Realized gain (loss) on investments		138,686			169,765			652			375			49,649			46,820			(75,338	)		(67,395	)
Change in unrealized gain (loss) on investments		(746,960	)		100,096			(3,245	)		2,166			(120,344	)		26,509			(1,770	)		421,874
Reinvested capital gains		232,469			-			504			666			64,025			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(357,685	)		287,961			(1,996	)		3,389			(6,315	)		72,295			20,756			445,100
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		78,570			59,008			-			-			8,094			23,096			254,023			263,771
Transfers between funds		32,635			(185,201	)		-			-			(34,136	)		(21,929	)		(205,400	)		(28,922	)
Surrenders (note 6)		(354,883	)		(89,727	)		-			-			(30,022	)		(30,666	)		(344,001	)		(365,960	)
Death Benefits (note 4)		-			(440	)		-			-			(10,084	)		-			(22,106	)		(172,531	)
Net policy repayments (loans) (note 5)		121,955			2,762			-			-			(7,147	)		(18,954	)		102,071			240,361
Deductions for surrender charges (note 2d)		-			(158	)		-			-			-			-			(12	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(49,099	)		(51,734	)		(3,468	)		(3,111	)		(27,397	)		(30,193	)		(340,425	)		(341,260	)
Asset charges (note 3):
MSP contracts		-			-			-			-			(144	)		(149	)		(3,691	)		(3,837	)
SL contracts or LSFP contracts		(11,179	)		(11,427	)		(77	)		(80	)		(59	)		(66	)		(497	)		(473	)
Adjustments to maintain reserves		(313	)		235			10			(15	)		14			4			48			815
Net equity transactions		(182,314	)		(276,682	)		(3,535	)		(3,206	)		(100,881	)		(78,857	)		(559,990	)		(408,036	)
Net change in contract owners’ equity		(539,999	)		11,279			(5,531	)		183			(107,196	)		(6,562	)		(539,234	)		37,064
Contract owners’ equity beginning of period		3,108,814			3,097,535			27,054			26,871			791,284			797,846			6,081,490			6,044,426
Contract owners’ equity end of period	$	2,568,815			3,108,814			21,523			27,054			684,088			791,284			5,542,256			6,081,490
CHANGES IN UNITS:
Beginning units		96,614			105,356			1,220			1,376			28,648			31,752			183,102			197,883
Units purchased		4,323			2,609			-			-			414			2,020			11,243			13,074
Units redeemed		(11,054	)		(11,351	)		(159	)		(156	)		(4,029	)		(5,124	)		(35,740	)		(27,855	)
Ending units		89,883			96,614			1,061			1,220			25,033			28,648			158,605			183,102

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	OVB						OVGS						OVIG					OVGI
	2015			2014			2015			2014			2015			2014		2015			2014
Investment activity:
Net investment income (loss)	$	126,741			171,923			182,046			151,141			205			-		6,675			5,224
Realized gain (loss) on investments		(75,210	)		(631,289	)		429,431			712,615			(3,909	)		-		89,456			169,193
Change in unrealized gain (loss) on investments		(34,416	)		741,020			(1,359,622	)		(1,488,890	)		(947	)		-		(258,515	)		(68,824	)
Reinvested capital gains		-			-			1,507,432			1,046,481			1,918			-		202,345			26,193
Net increase (decrease) in contract owners’ equity resulting from operations		17,115			281,654			759,287			421,347			(2,733	)		-		39,961			131,786
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		201,126			191,913			579,402			399,178			863			-		25,332			33,144
Transfers between funds		(26,848	)		879,940			233,870			8,743,161			32,142			-		5,826			72,968
Surrenders (note 6)		(149,048	)		(2,441,550	)		(1,189,006	)		(1,048,798	)		-			-		(107,514	)		20,127
Death Benefits (note 4)		(44,851	)		(25,555	)		(184,933	)		(159,870	)		-			-		(40,096	)		(57	)
Net policy repayments (loans) (note 5)		84,111			50,605			251,094			19,017			(419	)		-		(70,693	)		(7,506	)
Deductions for surrender charges (note 2d)		(1	)		-			(19	)		(76	)		-			-		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(240,925	)		(255,502	)		(911,681	)		(766,478	)		(924	)		-		(44,523	)		(46,935	)
Asset charges (note 3):
MSP contracts		(3,943	)		(3,916	)		(9,602	)		(9,703	)		-			-		(2,641	)		(2,605	)
SL contracts or LSFP contracts		(588	)		(584	)		(3,549	)		(3,087	)		-			-		(284	)		(304	)
Adjustments to maintain reserves		52			628			961			626			(4	)		-		15			(10	)
Net equity transactions		(180,915	)		(1,604,021	)		(1,233,463	)		7,173,970			31,658			-		(234,578	)		68,822
Net change in contract owners’ equity		(163,800	)		(1,322,367	)		(474,176	)		7,595,317			28,925			-		(194,617	)		200,608
Contract owners’ equity beginning of period		3,674,120			4,996,487			22,516,195			14,920,878			-			-		1,463,161			1,262,553
Contract owners’ equity end of period	$	3,510,320			3,674,120			22,042,019			22,516,195			28,925			-		1,268,544			1,463,161
CHANGES IN UNITS:
Beginning units		168,555			235,134			377,992			269,140			-			-		85,851			81,288
Units purchased		12,549			12,833			22,974			353,602			3,279			-		5,004			14,290
Units redeemed		(20,394	)		(79,412	)		(40,201	)		(244,750	)		(179	)		-		(19,009	)		(9,727	)
Ending units		160,710			168,555			360,765			377,992			3,100			-		71,846			85,851

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	OVSC						OVAG						OVSB						PMVAAA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	4,954			4,988			(7,266	)		(6,962	)		11,966			7,519			6,598			18,206
Realized gain (loss) on investments		46,720			185,507			81,600			119,663			(4,364	)		(1,431	)		(3,708	)		(19,531	)
Change in unrealized gain (loss) on investments		(323,287	)		(244,830	)		(116,841	)		(78,544	)		(13,731	)		(2,005	)		(26,297	)		4,856
Reinvested capital gains		191,189			182,782			101,136			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(80,424	)		128,447			58,629			34,157			(6,129	)		4,083			(23,407	)		3,531
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		37,522			32,525			42,732			46,701			22,510			18,421			9,488			11,408
Transfers between funds		476,114			(217,804	)		115,506			35,179			2,218			51,405			19,473			(276,368	)
Surrenders (note 6)		(101,283	)		(84,757	)		(56,776	)		(66,523	)		(5,275	)		(24,542	)		-			(12,379	)
Death Benefits (note 4)		(9,538	)		(5,945	)		(1,136	)		(14,009	)		(14,856	)		(137	)		-			-
Net policy repayments (loans) (note 5)		(30,702	)		6,549			11,181			13,321			2,185			7,559			5,546			4,586
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(60,276	)		(51,670	)		(62,274	)		(86,158	)		(12,407	)		(11,635	)		(13,568	)		(16,116	)
Asset charges (note 3):
MSP contracts		(794	)		(763	)		(142	)		(214	)		(222	)		(227	)		-			-
SL contracts or LSFP contracts		(107	)		(127	)		(191	)		(172	)		(42	)		(71	)		-			-
Adjustments to maintain reserves		33			(26	)		3			(17	)		(2	)		(5	)		3			1
Net equity transactions		310,969			(322,018	)		48,903			(71,892	)		(5,891	)		40,768			20,942			(288,868	)
Net change in contract owners’ equity		230,545			(193,571	)		107,532			(37,735	)		(12,020	)		44,851			(2,465	)		(285,337	)
Contract owners’ equity beginning of period		1,334,075			1,527,646			1,062,172			1,099,907			224,373			179,522			212,881			498,218
Contract owners’ equity end of period	$	1,564,620			1,334,075			1,169,704			1,062,172			212,353			224,373			210,416			212,881
CHANGES IN UNITS:
Beginning units		35,640			45,529			114,268			123,702			21,672			17,746			19,994			46,752
Units purchased		15,732			3,546			15,237			13,779			4,610			8,400			3,532			1,674
Units redeemed		(6,786	)		(13,435	)		(10,906	)		(23,213	)		(5,175	)		(4,474	)		(1,702	)		(28,432	)
Ending units		44,586			35,640			118,599			114,268			21,107			21,672			21,824			19,994

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	PMVRSA						PMVFBA						PMVLDA						PMVTRA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	439			(113	)		3,185			5,577			48,109			13,275			44,419			18,982
Realized gain (loss) on investments		(1,309	)		(16,970	)		(8,718	)		(36,973	)		1,137			6,035			364			(31,016	)
Change in unrealized gain (loss) on investments		(1,452	)		(1,120	)		(20,022	)		26,940			(50,075	)		(9,269	)		(57,648	)		55,857
Reinvested capital gains		-			-			802			1,004			-			-			10,634			-
Net increase (decrease) in contract owners’ equity resulting from operations		(2,322	)		(18,203	)		(24,753	)		(3,452	)		(829	)		10,041			(2,231	)		43,823
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		321			120			13,453			12,425			37,203			38,732			26,361			30,373
Transfers between funds		5,393			43,665			(4,286	)		(155,892	)		(26,513	)		(224,608	)		62,383			(157,814	)
Surrenders (note 6)		-			-			(21,726	)		(105,800	)		(22,206	)		(108,798	)		(85,834	)		(77,152	)
Death Benefits (note 4)		-			-			-			-			(8,675	)		-			-			-
Net policy repayments (loans) (note 5)		(281	)		(20,559	)		1,497			60,801			(22,294	)		76,223			69,604			(89,300	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(997	)		(596	)		(15,311	)		(17,417	)		(63,465	)		(61,666	)		(39,752	)		(44,561	)
Asset charges (note 3):
MSP contracts		-			-			-			(46	)		(3,374	)		(3,469	)		-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(4	)		5			(29	)		6			(89	)		(62	)		(127	)		(80	)
Net equity transactions		4,432			22,635			(26,402	)		(205,923	)		(109,413	)		(283,648	)		32,635			(338,534	)
Net change in contract owners’ equity		2,110			4,432			(51,155	)		(209,375	)		(110,242	)		(273,607	)		30,404			(294,711	)
Contract owners’ equity beginning of period		4,432			-			341,480			550,855			1,667,389			1,940,996			956,030			1,250,741
Contract owners’ equity end of period	$	6,542			4,432			290,325			341,480			1,557,147			1,667,389			986,434			956,030
CHANGES IN UNITS:
Beginning units		598			-			27,237			43,871			136,114			159,225			86,019			116,742
Units purchased		1,089			3,298			1,737			2,322			5,569			11,939			10,378			9,000
Units redeemed		(492	)		(2,700	)		(3,934	)		(18,956	)		(14,488	)		(35,050	)		(7,591	)		(39,723	)
Ending units		1,195			598			25,040			27,237			127,195			136,114			88,806			86,019

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	PVGIB						PVTIGB						PVTVB						ACEG
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	3,155			1,011			1,742			989			2,814			1,455			(134	)		(118	)
Realized gain (loss) on investments		28,080			6,462			24,336			23,137			15,912			32,264			3,166			2,508
Change in unrealized gain (loss) on investments		(39,501	)		10,585			(30,299	)		(43,664	)		(128,136	)		(2,663	)		(171	)		3,165
Reinvested capital gains		-			-			-			-			71,876			10,149			357			-
Net increase (decrease) in contract owners’ equity resulting from operations		(8,266	)		18,058			(4,221	)		(19,538	)		(37,534	)		41,205			3,218			5,555
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		3,679			6,840			7,553			8,772			13,715			13,183			1,494			3,276
Transfers between funds		(119,335	)		94,277			13,032			(2,371	)		138,317			(36,448	)		(6,477	)		44,634
Surrenders (note 6)		-			(4,678	)		(36,097	)		(3,006	)		-			(14,263	)		-			-
Death Benefits (note 4)		-			-			-			-			(9,256	)		-			-			-
Net policy repayments (loans) (note 5)		(4,341	)		(10,847	)		1,787			2,354			(6,012	)		(18,106	)		(40	)		497
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(8,809	)		(9,807	)		(13,951	)		(14,492	)		(20,379	)		(20,184	)		(4,260	)		(5,692	)
Asset charges (note 3):
MSP contracts		(66	)		(65	)		-			-			(150	)		(156	)		-			-
SL contracts or LSFP contracts		(9	)		(9	)		(84	)		(25	)		(8	)		(16	)		(135	)		(88	)
Adjustments to maintain reserves		(35	)		16			(3	)		(16	)		16			(6	)		(14	)		(5	)
Net equity transactions		(128,916	)		75,727			(27,763	)		(8,784	)		116,243			(75,996	)		(9,432	)		42,622
Net change in contract owners’ equity		(137,182	)		93,785			(31,984	)		(28,322	)		78,709			(34,791	)		(6,214	)		48,177
Contract owners’ equity beginning of period		229,158			135,373			272,706			301,028			477,813			512,604			72,889			24,712
Contract owners’ equity end of period	$	91,976			229,158			240,722			272,706			556,522			477,813			66,675			72,889
CHANGES IN UNITS:
Beginning units		9,899			6,448			13,518			13,833			18,772			22,000			4,951			1,827
Units purchased		232			4,432			1,353			824			7,110			783			201			4,018
Units redeemed		(5,808	)		(981	)		(2,939	)		(1,139	)		(2,468	)		(4,011	)		(834	)		(894	)
Ending units		4,323			9,899			11,932			13,518			23,414			18,772			4,318			4,951

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	AVBVI						AVMCCI						RVARS						TRHS2
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	122			78			(9	)		(127	)		(3	)		(35	)		(30,718	)		(23,603	)
Realized gain (loss) on investments		289			457			(3,434	)		635			446			2			780,100			970,334
Change in unrealized gain (loss) on investments		(1,241	)		(161	)		2,567			(2,838	)		(105	)		319			(566,064	)		(149,737	)
Reinvested capital gains		341			-			85			3,486			-			-			472,752			393,438
Net increase (decrease) in contract owners’ equity resulting from operations		(489	)		374			(791	)		1,156			338			286			656,070			1,190,432
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-			-			445			996			119			39			284,406			244,112
Transfers between funds		136			(96	)		(29,434	)		30,881			43,595			6,417			854,894			151,727
Surrenders (note 6)		-			-			-			-			-			-			(419,357	)		(178,243	)
Death Benefits (note 4)		-			-			-			-			-			-			(204,755	)		(6,584	)
Net policy repayments (loans) (note 5)		-			-			-			(691	)		(62	)		7			(61,264	)		(84,216	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(959	)		(1,246	)		(285	)		(2,674	)		(553	)		(68	)		(327,608	)		(237,419	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			-			(5,006	)		(4,462	)
SL contracts or LSFP contracts		(24	)		(29	)		-			-			-			-			-			-
Adjustments to maintain reserves		(6	)		7			6			(1	)		2			1			47			(9	)
Net equity transactions		(853	)		(1,364	)		(29,268	)		28,511			43,101			6,396			121,357			(115,094	)
Net change in contract owners’ equity		(1,342	)		(990	)		(30,059	)		29,667			43,439			6,682			777,427			1,075,338
Contract owners’ equity beginning of period		5,324			6,314			30,901			1,234			6,970			288			5,479,700			4,404,362
Contract owners’ equity end of period	$	3,982			5,324			842			30,901			50,409			6,970			6,257,127			5,479,700
CHANGES IN UNITS:
Beginning units		242			306			2,314			96			672			29			184,423			193,626
Units purchased		6			-			33			2,470			4,185			650			33,113			15,835
Units redeemed		(46	)		(64	)		(2,281	)		(252	)		(62	)		(7	)		(29,335	)		(25,038	)
Ending units		202			242			66			2,314			4,795			672			188,201			184,423

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	TRLT2						VWBF						VWEM						VWHA
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	523			370			75,357			65,424			5,093			1,301			(23,886	)		(34,729	)
Realized gain (loss) on investments		(61	)		(28	)		(93,928	)		(52,584	)		74,658			196,243			(286,658	)		181,518
Change in unrealized gain (loss) on investments		(486	)		(205	)		(157,207	)		(115,386	)		(1,126,907	)		(989,734	)		(1,334,368	)		(1,491,763	)
Reinvested capital gains		-			-			-			121,213			299,770			741,472			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(24	)		137			(175,778	)		18,667			(747,386	)		(50,718	)		(1,644,912	)		(1,344,974	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-			603			47,891			58,674			95,026			111,896			140,111			187,223
Transfers between funds		25,704			3,563			(22,257	)		27,824			(225,939	)		118,911			(20,427	)		(141,604	)
Surrenders (note 6)		-			-			(100,619	)		(88,551	)		(814,084	)		(512,594	)		(630,967	)		(455,290	)
Death Benefits (note 4)		-			-			(37,870	)		-			(103,245	)		(2,187	)		(141,541	)		(156,068	)
Net policy repayments (loans) (note 5)		-			-			(1,031	)		19,035			157,014			18,793			159,866			138,669
Deductions for surrender charges (note 2d)		-			-			-			-			(52	)		-			(17	)		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(682	)		(317	)		(70,502	)		(82,342	)		(230,156	)		(258,352	)		(211,633	)		(293,142	)
Asset charges (note 3):
MSP contracts		-			-			(556	)		(775	)		(1,810	)		(2,264	)		(2,473	)		(4,042	)
SL contracts or LSFP contracts		(176	)		(110	)		(117	)		(131	)		(1,980	)		(2,487	)		(524	)		(803	)
Adjustments to maintain reserves		(3	)		(6	)		-			(5	)		(19	)		(20	)		(4,160	)		(2,995	)
Net equity transactions		24,843			3,733			(185,061	)		(66,271	)		(1,125,245	)		(528,304	)		(711,765	)		(728,052	)
Net change in contract owners’ equity		24,819			3,870			(360,839	)		(47,604	)		(1,872,631	)		(579,022	)		(2,356,677	)		(2,073,026	)
Contract owners’ equity beginning of period		37,350			33,480			1,403,775			1,451,379			5,908,083			6,487,105			5,556,662			7,629,688
Contract owners’ equity end of period	$	62,169			37,350			1,042,936			1,403,775			4,035,452			5,908,083			3,199,985			5,556,662
CHANGES IN UNITS:
Beginning units		2,898			2,608			58,400			61,223			194,813			211,949			132,220			145,762
Units purchased		1,989			324			3,178			3,886			7,199			13,013			9,456			8,441
Units redeemed		(66	)		(34	)		(12,025	)		(6,709	)		(45,199	)		(30,149	)		(29,210	)		(21,983	)
Ending units		4,821			2,898			49,553			58,400			156,813			194,813			112,466			132,220

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	WRASP						WRHIP						WRMCG						SVDF
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	(3,297	)		(126	)		80,513			33,600			(1,695	)		(1,666	)		(6,636	)		(6,508	)
Realized gain (loss) on investments		(26,490	)		96,383			(115,899	)		31,266			(355	)		42,543			27,298			33,188
Change in unrealized gain (loss) on investments		(614,979	)		(651,101	)		(54,391	)		(50,878	)		(45,330	)		(37,476	)		(175,037	)		(139,366	)
Reinvested capital gains		434,781			387,871			14,628			5,816			26,697			19,055			132,761			112,587
Net increase (decrease) in contract owners’ equity resulting from operations		(209,985	)		(166,973	)		(75,149	)		19,804			(20,683	)		22,456			(21,614	)		(99	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		79,066			86,089			18,498			25,988			8,840			8,096			3,785			4,313
Transfers between funds		(296,991	)		(4,964	)		46,177			356,958			(8,966	)		(2,559	)		4,208			10,512
Surrenders (note 6)		(60,495	)		(137,408	)		(125,732	)		(591,950	)		(13,784	)		(23,350	)		-			(27,702	)
Death Benefits (note 4)		(9,155	)		(46,326	)		-			(12	)		-			-			(44,392	)		-
Net policy repayments (loans) (note 5)		(3,461	)		68,130			66,580			(94,334	)		8			(8,693	)		283			72
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(87,749	)		(96,558	)		(47,877	)		(48,046	)		(9,667	)		(7,871	)		(17,922	)		(17,547	)
Asset charges (note 3):
MSP contracts		(1,420	)		(1,514	)		-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			(696	)		(669	)
Adjustments to maintain reserves		(33	)		6			13			(2	)		1			(2	)		(8	)		8
Net equity transactions		(380,238	)		(132,545	)		(42,341	)		(351,398	)		(23,568	)		(34,379	)		(54,742	)		(31,013	)
Net change in contract owners’ equity		(590,223	)		(299,518	)		(117,490	)		(331,594	)		(44,251	)		(11,923	)		(76,356	)		(31,112	)
Contract owners’ equity beginning of period		2,730,998			3,030,516			723,618			1,055,212			343,668			355,591			819,752			850,864
Contract owners’ equity end of period	$	2,140,775			2,730,998			606,128			723,618			299,417			343,668			743,396			819,752
CHANGES IN UNITS:
Beginning units		164,815			172,375			59,740			88,301			24,481			27,179			22,700			23,406
Units purchased		6,228			12,585			4,347			3,447			1,324			1,665			514			1,028
Units redeemed		(29,428	)		(20,145	)		(10,286	)		(32,008	)		(3,052	)		(4,363	)		(2,252	)		(1,734	)
Ending units		141,615			164,815			53,801			59,740			22,753			24,481			20,962			22,700

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	SVOF						WFVSCG						OVGS3					TIF3
	2015			2014			2015			2014			2015		2014			2015		2014
Investment activity:
Net investment income (loss)	$	(7,280	)		(8,313	)		(2,193	)		(2,159	)		-		(15,526	)		-		(2,400	)
Realized gain (loss) on investments		53,297			83,822			18,931			66,193			-		2,806,380			-		289,158
Change in unrealized gain (loss) on investments		(260,810	)		68,302			(93,222	)		(118,348	)		-		(2,787,257	)		-		(254,632	)
Reinvested capital gains		160,423			-			51,715			34,913			-		-			-		-
Net increase (decrease) in contract owners’ equity resulting from operations		(54,370	)		143,811			(24,769	)		(19,401	)		-		3,597			-		32,126
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		8,302			19,449			12,349			14,789			-		203,857			-		13,018
Transfers between funds		(224	)		(4,638	)		124,807			(201,616	)		-		(9,092,866	)		-		(1,432,504	)
Surrenders (note 6)		(18,405	)		(58,434	)		(20,610	)		(24,324	)		-		(196,042	)		-		(101,021	)
Death Benefits (note 4)		(8,965	)		-			(29,952	)		-			-		(12,643	)		-		-
Net policy repayments (loans) (note 5)		(2,951	)		(2,767	)		10,685			12,419			-		88,809			-		(1,712	)
Deductions for surrender charges (note 2d)		-			-			-			-			-		-			-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(54,363	)		(50,241	)		(21,524	)		(19,949	)		-		(157,034	)		-		(13,813	)
Asset charges (note 3):
MSP contracts		-			-			(162	)		(132	)		-		(378	)		-		(67	)
SL contracts or LSFP contracts		(2,164	)		(2,218	)		-			-			-		(392	)		-		(69	)
Adjustments to maintain reserves		(416	)		1,068			12			(5	)		-		2			-		(16	)
Net equity transactions		(79,186	)		(97,781	)		75,605			(218,818	)		-		(9,166,687	)		-		(1,536,184	)
Net change in contract owners’ equity		(133,556	)		46,030			50,836			(238,219	)		-		(9,163,090	)		-		(1,504,058	)
Contract owners’ equity beginning of period		1,572,778			1,526,748			362,827			601,046			-		9,163,090			-		1,504,058
Contract owners’ equity end of period	$	1,439,222			1,572,778			413,663			362,827			-		-			-		-
CHANGES IN UNITS:
Beginning units		52,233			54,766			14,713			23,802			-		463,067			-		86,109
Units purchased		465			875			5,225			1,553			-		16,621			-		963
Units redeemed		(2,789	)		(3,408	)		(2,592	)		(10,642	)		-		(479,688	)		-		(87,072	)
Ending units		49,909			52,233			17,346			14,713			-		-			-		-

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	MIGIC						FHIPR						FOSR						GVDIV3
	2015			2014			2015			2014			2015			2014			2015		2014
Investment activity:
Net investment income (loss)	$	1,690			65			2,635			195,299			(6,780	)		33,628			-		10,729
Realized gain (loss) on investments		43,470			7,214			23,751			45,927			980,873			289,500			-		64,642
Change in unrealized gain (loss) on investments		(62,627	)		3,423			131,850			(218,406	)		(593,089	)		(722,316	)		-		(79,573	)
Reinvested capital gains		20,840			12,111			-			-			-			1,138			-		-
Net increase (decrease) in contract owners’ equity resulting from operations		3,373			22,813			158,236			22,820			381,004			(398,050	)		-		(4,202	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2,288			10,944			125,461			448,634			132,247			536,604			-		13,030
Transfers between funds		(242,602	)		9,682			(3,747,934	)		(58,741	)		(4,457,130	)		(128,042	)		-		(462,717	)
Surrenders (note 6)		-			(7,803	)		(265,726	)		(330,386	)		(94,188	)		(425,373	)		-		(2,901	)
Death Benefits (note 4)		-			-			(33,659	)		(57,334	)		(70,540	)		(82,669	)		-		(22,688	)
Net policy repayments (loans) (note 5)		965			1,548			246,357			252,478			60,200			70,892			-		(4,849	)
Deductions for surrender charges (note 2d)		-			-			(33	)		-			-			(40	)		-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(3,982	)		(13,295	)		(99,240	)		(316,519	)		(83,518	)		(263,057	)		-		(9,062	)
Asset charges (note 3):
MSP contracts		-			-			(623	)		(1,958	)		(356	)		(1,122	)		-		(43	)
SL contracts or LSFP contracts		(6	)		(50	)		-			-			(392	)		(1,182	)		-		(71	)
Adjustments to maintain reserves		4			(8	)		30			(10	)		12			(3	)		-		(12	)
Net equity transactions		(243,333	)		1,018			(3,775,367	)		(63,836	)		(4,513,665	)		(293,992	)		-		(489,313	)
Net change in contract owners’ equity		(239,960	)		23,831			(3,617,131	)		(41,016	)		(4,132,661	)		(692,042	)		-		(493,515	)
Contract owners’ equity beginning of period		239,960			216,129			3,617,131			3,658,147			4,132,661			4,824,703			-		493,515
Contract owners’ equity end of period	$	-			239,960			-			3,617,131			-			4,132,661			-		-
CHANGES IN UNITS:
Beginning units		9,468			9,467			243,156			247,587			261,702			279,237			-		40,107
Units purchased		159			1,100			13,303			45,864			11,357			40,031			-		1,499
Units redeemed		(9,627	)		(1,099	)		(256,459	)		(50,295	)		(273,059	)		(57,566	)		-		(41,606	)
Ending units		-			9,468			-			243,156			-			261,702			-		-

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	ACVI3						AMBP						AMTG						AMFAS
	2015			2014			2015			2014			2015			2014			2015			2014
Investment activity:
Net investment income (loss)	$	645			2,931			(196	)		(232	)		(9,057	)		(10,514	)		(781	)		(968	)
Realized gain (loss) on investments		46,035			12,918			3,551			1,834			903,446			137,054			(1,073	)		14,282
Change in unrealized gain (loss) on investments		(33,377	)		(26,751	)		(10,009	)		(3,468	)		(812,862	)		(11,018	)		(26,548	)		(28,143	)
Reinvested capital gains		-			-			7,671			3,086			-			-			26,722			17,565
Net increase (decrease) in contract owners’ equity resulting from operations		13,303			(10,902	)		1,017			1,220			81,527			115,522			(1,680	)		2,736
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,946			4,695			1,358			2,230			24,258			31,651			3,497			5,118
Transfers between funds		(184,765	)		(14,269	)		(38,634	)		6			(1,790,324	)		(45,395	)		(187,957	)		25,858
Surrenders (note 6)		-			(9,305	)		-			(1,768	)		(37,420	)		(154,263	)		(6,452	)		(15,684	)
Death Benefits (note 4)		(25	)		-			-			-			(236,093	)		(6,296	)		-			-
Net policy repayments (loans) (note 5)		-			40			249			325			94,440			(19,579	)		(368	)		1,527
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,937	)		(3,306	)		(2,304	)		(2,560	)		(44,826	)		(52,330	)		(6,678	)		(6,931	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			-			-			(36	)
SL contracts or LSFP contracts		(417	)		(707	)		-			-			(2,638	)		(2,924	)		(26	)		(30	)
Adjustments to maintain reserves		8			(2	)		(20	)		31			(3,500	)		131			(23	)		5
Net equity transactions		(185,190	)		(22,854	)		(39,351	)		(1,736	)		(1,996,103	)		(249,005	)		(198,007	)		9,827
Net change in contract owners’ equity		(171,887	)		(33,756	)		(38,334	)		(516	)		(1,914,576	)		(133,483	)		(199,687	)		12,563
Contract owners’ equity beginning of period		171,887			205,643			38,334			38,850			1,914,576			2,048,059			199,687			187,124
Contract owners’ equity end of period	$	-			171,887			-			38,334			-			1,914,576			-			199,687
CHANGES IN UNITS:
Beginning units		9,678			10,941			1,939			1,813			111,027			126,682			9,561			9,188
Units purchased		104			255			81			443			-			4,684			199			2,611
Units redeemed		(9,782	)		(1,518	)		(2,020	)		(317	)		(111,027	)		(20,339	)		(9,760	)		(2,238	)
Ending units		-			9,678			-			1,939			-			111,027			-			9,561

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	FTVDM3					FTVGI3					HIBF3					GEM3
	2015		2014			2015		2014			2015		2014			2015		2014
Investment activity:
Net investment income (loss)	$	-		(1,638	)		-		(3,671	)		-		27,758			-		7,366
Realized gain (loss) on investments		-		(32,075	)		-		(27,371	)		-		16,907			-		(16,679	)
Change in unrealized gain (loss) on investments		-		3,257			-		50,171			-		(1,703	)		-		(70,685	)
Reinvested capital gains		-		-			-		-			-		-			-		-
Net increase (decrease) in contract owners’ equity resulting from operations		-		(30,456	)		-		19,129			-		42,962			-		(79,998	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-		9,103			-		29,425			-		29,427			-		34,994
Transfers between funds		-		(1,017,316	)		-		(2,345,317	)		-		(1,472,263	)		-		(2,338,290	)
Surrenders (note 6)		-		(6,091	)		-		(12,913	)		-		(12,367	)		-		(29,568	)
Death Benefits (note 4)		-		(1,608	)		-		(46,892	)		-		-			-		(7,835	)
Net policy repayments (loans) (note 5)		-		4,184			-		45,915			-		813			-		31,344
Deductions for surrender charges (note 2d)		-		-			-		-			-		-			-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		-		(15,917	)		-		(34,703	)		-		(21,156	)		-		(39,751	)
Asset charges (note 3):
MSP contracts		-		(87	)		-		(497	)		-		(584	)		-		(184	)
SL contracts or LSFP contracts		-		(69	)		-		(103	)		-		(75	)		-		(254	)
Adjustments to maintain reserves		-		(22	)		-		(6	)		-		1			-		(7	)
Net equity transactions		-		(1,027,823	)		-		(2,365,091	)		-		(1,476,204	)		-		(2,349,551	)
Net change in contract owners’ equity		-		(1,058,279	)		-		(2,345,962	)		-		(1,433,242	)		-		(2,429,549	)
Contract owners’ equity beginning of period		-		1,058,279			-		2,345,962			-		1,433,242			-		2,429,549
Contract owners’ equity end of period	$	-		-			-		-			-		-			-		-
CHANGES IN UNITS:
Beginning units		-		57,765			-		118,045			-		81,707			-		129,754
Units purchased		-		832			-		1,735			-		1,747			-		3,585
Units redeemed		-		(58,597	)		-		(119,780	)		-		(83,454	)		-		(133,339	)
Ending units		-		-			-		-			-		-			-		-

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2015 and 2014

	GVIX6					NVMIG3					ACVVS1
	2015		2014			2015		2014			2015		2014
Investment activity:
Net investment income (loss)	$	-		5,773			-		43,594			-		-
Realized gain (loss) on investments		-		82,822			-		1,554,038			-		12,529
Change in unrealized gain (loss) on investments		-		(85,971	)		-		(1,557,674	)		-		(18,971	)
Reinvested capital gains		-		-			-		-			-		5,224
Net increase (decrease) in contract owners’ equity resulting from operations		-		2,624			-		39,958			-		(1,218	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-		1,214			-		52,121			-		(19,303	)
Transfers between funds		-		(490,334	)		-		(4,532,686	)		-		(31,559	)
Surrenders (note 6)		-		(2,323	)		-		(119,696	)		-		-
Death Benefits (note 4)		-		-			-		(1,471	)		-		-
Net policy repayments (loans) (note 5)		-		(14,452	)		-		17,058			-		-
Deductions for surrender charges (note 2d)		-		-			-		-			-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		-		(4,076	)		-		(69,946	)		-		3,260
Asset charges (note 3):
MSP contracts		-		(456	)		-		(572	)		-		-
SL contracts or LSFP contracts		-		-			-		-			-		488
Adjustments to maintain reserves		-		(7	)		-		(2	)		-		-
Net equity transactions		-		(510,434	)		-		(4,655,194	)		-		(47,114	)
Net change in contract owners’ equity		-		(507,810	)		-		(4,615,236	)		-		(48,332	)
Contract owners’ equity beginning of period		-		507,810			-		4,615,236			-		48,332
Contract owners’ equity end of period	$	-		-			-		-			-		-
CHANGES IN UNITS:
Beginning units		-		44,038			-		385,573			-		2,561
Units purchased		-		145			-		7,044			-		-
Units redeemed		-		(44,183	)		-		(392,617	)		-		(2,561	)
Ending units		-		-			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

NOTES TO FINANCIAL STATEMENTS

December 31, 2015

(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:

AB 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.

Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)

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

NVIT Investor Destinations Managed Growth Class I (IDPG)

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

NVIT Cardinal Managed Growth Class I (NCPG)*

NVIT Bond Index Fund Class I (NVBX)

NVIT International Index Fund Class I (NVIX)

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)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

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)

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 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 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 (FOS)

VIP Value Strategies Portfolio - Service Class (FVSS)

PORTFOLIOS OF THE FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRU

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)

Guardian Portfolio - I Class Shares (AMGP)

International Portfolio - S Class Shares (AMINS)

Mid-Cap Growth Portfolio - I Class Shares (AMCG)

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)

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)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

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

PORTFOLIOS OF THE PIMCO VARIABLE INSURANCE TRUST

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, 2015, 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, 2015 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

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

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

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

(f) Recently Issued Accounting Standards

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

(g) Subsequent Events

The Company evaluated subsequent events through the date the financial statements were issued with the Securities Exchange Commission (SEC), and no subsequent events have occurred requiring accrual or disclosure.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

(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, 2015 and 2014, total front-end sales charge deductions were $1,389,661 and $1,490,768, 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.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

The following table provides mortality and expense risk charges by contract type for those charges that are assessed through a reduction in the unit value for the period ended December 31, 2015:

	Total		ALVDAA		MLVGA2		DWVSVS		DSIF
Single Premium issue prior to April 16, 1990	$	2,756		-		-		-		-
Single Premium issue after to April 16, 1990	$	396,416		-		-		-		18,710
Multiple Payment and Flexible Premium contracts	$	2,955,895		6		14,835		1,198		197,419
Variable Executive Life	$	13,081		-		35		-		768
Total	$	3,368,148		6		14,870		1,198		216,897
	DSRG		GVGMNS		IVKMG1		IVBRA1		JABS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		1,712		-		-		-		-
Multiple Payment and Flexible Premium contracts		39,021		102		1,299		652		6,302
Variable Executive Life		-		-		-		-		-
Total		40,733		102		1,299		652		6,302
	JACAS		JAGTS		JAIGS		MV2IGI		MNDIC
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		4,649		2,376		1,937		-		-
Multiple Payment and Flexible Premium contracts		16,728		6,225		14,127		888		892
Variable Executive Life		-		38		14		-		-
Total		21,377		8,639		16,078		888		892
	MVFIC		MSVFI		MSEM		MSVRE		IDPG
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		392		10,481		-
Multiple Payment and Flexible Premium contracts		12,809		1,390		3,728		4		123
Variable Executive Life		-		-		-		-		-
Total		12,809		1,390		4,120		10,485		123
	NVBX		NVIX		NVAMV1		GVAAA2		GVABD2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		7,352		-		-
Multiple Payment and Flexible Premium contracts		301		383		30,131		14,411		3,737
Variable Executive Life		-		-		231		-		-
Total		301		383		37,714		14,411		3,737
	GVAGG2		GVAGR2		GVAGI2		HIBF		GEM
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		2,613
Multiple Payment and Flexible Premium contracts		8,266		9,048		4,685		4,578		10,616
Variable Executive Life		-		22		-		-		34
Total		8,266		9,070		4,685		4,578		13,263
	GIG		NVNMO1		NVNSR1		NVCRA1		NVCRB1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		306		604		-		-		-
Multiple Payment and Flexible Premium contracts		19,534		70,937		617		1,830		2,641
Variable Executive Life		88		262		-		-		-
Total		19,928		71,803		617		1,830		2,641
	NVCCA1		NVCCN1		NVCMD1		NVCMA1		NVCMC1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		3,747		313		6,249		3,988		845
Variable Executive Life		-		-		-		-		-
Total		3,747		313		6,249		3,988		845
	NVCBD1		NVLCP1		TRF		GBF		CAF
Single Premium issue prior to April 16, 1990		-		-		70		75		-
Single Premium issue after to April 16, 1990		1,914		-		10,368		5,350		4,580
Multiple Payment and Flexible Premium contracts		1,663		779		285,835		25,301		75,933
Variable Executive Life		-		-		1,101		-		136
Total		3,577		779		297,374		30,726		80,649
	GVIX2		GVIDA		NVDBL2		NVDCA2		GVIDC
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		161		-		-		1,469
Multiple Payment and Flexible Premium contracts		1,414		11,218		576		635		1,768
Variable Executive Life		-		-		-		-		-
Total		1,414		11,379		576		635		3,237
	GVIDM		GVDMA		GVDMC		MCIF		SAM
Single Premium issue prior to April 16, 1990		-		-		-		-		2
Single Premium issue after to April 16, 1990		2,196		3,868		4,069		6,046		25,629
Multiple Payment and Flexible Premium contracts		15,340		22,162		16,200		25,754		63,210
Variable Executive Life		-		152		-		118		719
Total		17,536		26,182		20,269		31,918		89,560
	NVMIG1		GVDIVI		NVMLG1		NVMLV1		NVMMG1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		2,055		-		1,625		208		1,582
Multiple Payment and Flexible Premium contracts		21,584		2,941		9,529		6,483		164,104
Variable Executive Life		-		-		-		-		339
Total		23,639		2,941		11,154		6,691		166,025

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	NVMMV2		SCGF		SCVF		SCF		MSBF
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		2,079		382		2,643		3,879		2,125
Multiple Payment and Flexible Premium contracts		124,579		6,443		20,538		78,586		4,037
Variable Executive Life		-		23		56		1,352		-
Total		126,658		6,848		23,237		83,817		6,162
	NVSTB2		NVOLG1		NVTIV3		EIF		NVRE1
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		17,492		-		-		8,716
Multiple Payment and Flexible Premium contracts		3,198		238,372		979		4,114		43,428
Variable Executive Life		-		1,308		-		-		197
Total		3,198		257,172		979		4,114		52,341
	NVLCAP		NVLMP		NVSIX2		GVEX1		NOTG3
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		13		21		597		11,869		18
Variable Executive Life		-		-		-		-		-
Total		13		21		597		11,869		18
	ALVGIA		ALVSVA		ACVB		ACVCA		ACVIG
Single Premium issue prior to April 16, 1990		-		-		-		216		-
Single Premium issue after to April 16, 1990		-		-		16,746		14,053		6,585
Multiple Payment and Flexible Premium contracts		1,676		6,022		20,328		164		6,902
Variable Executive Life		-		-		-		-		-
Total		1,676		6,022		37,074		14,433		13,487
	ACVIP2		ACVI		ACVMV1		ACVU1		DVSCS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		2,049		-		1,357		3,187
Multiple Payment and Flexible Premium contracts		4,533		131		11,066		1		7,712
Variable Executive Life		100		-		-		-		-
Total		4,633		2,180		11,066		1,358		10,899
	DCAP		DSC		DGI		FVCA2P		FQB
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		4,490		-		965		-		3,561
Multiple Payment and Flexible Premium contracts		17,723		2,143		6,511		412		3,741
Variable Executive Life		-		-		17		-		-
Total		22,213		2,143		7,493		412		7,302
	FEIP		FHIP		FAMP		FNRS2		FF10S
Single Premium issue prior to April 16, 1990		306		36		291		-		-
Single Premium issue after to April 16, 1990		30,237		7,620		19,027		-		-
Multiple Payment and Flexible Premium contracts		187,041		37,689		51,939		10,179		2,085
Variable Executive Life		1,595		215		48		-		-
Total		219,179		45,560		71,305		10,179		2,085
	FF20S		FF30S		FGP		FIGBS		FMCS
Single Premium issue prior to April 16, 1990		-		-		1,170		-		-
Single Premium issue after to April 16, 1990		-		-		41,413		-		-
Multiple Payment and Flexible Premium contracts		6,434		6,741		299,148		9,799		39,294
Variable Executive Life		-		-		2,532		28		-
Total		6,434		6,741		344,263		9,827		39,294
	FOP		FOS		FVSS		FTVIS2		FTVRDI
Single Premium issue prior to April 16, 1990		35		-		-		-		-
Single Premium issue after to April 16, 1990		9,637		-		1,446		-		-
Multiple Payment and Flexible Premium contracts		20,779		13,983		3,250		8,559		20,830
Variable Executive Life		16		52		-		34		-
Total		30,467		14,035		4,696		8,593		20,830
	FTVSVI		FTVDM2		TIF		TIF2		FTVGI2
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		13,191		4,132		615		5,753		10,245
Variable Executive Life		-		-		-		-		98
Total		13,191		4,132		615		5,753		10,343
	FTVFA2		AMTB		AMGP		AMCG		AMMCGS
Single Premium issue prior to April 16, 1990		-		25		-		37		-
Single Premium issue after to April 16, 1990		-		7,329		692		1,367		-
Multiple Payment and Flexible Premium contracts		1,240		6,423		-		22		163
Variable Executive Life		-		66		-		-		4
Total		1,240		13,843		692		1,426		167
	AMTP		AMSRS		OVMS		OVB		OVGS
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		4,863		-		3,944		4,289		10,701
Multiple Payment and Flexible Premium contracts		21		3,695		27,570		14,687		108,494
Variable Executive Life		-		-		7		-		1,128
Total		4,884		3,695		31,521		18,976		120,323
	OVIG		OVGI		OVSC		OVAG		OVSB
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		831		-		2,276		-
Multiple Payment and Flexible Premium contracts		109		4,886		6,629		4,990		1,022
Variable Executive Life		-		-		-		-		-
Total		109		5,717		6,629		7,266		1,022

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	PMVAAA		PMVRSA		PMVFBA		PMVLDA		PMVTRA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		1,215		47		1,597		6,405		5,001
Variable Executive Life		-		-		-		-		-
Total		1,215		47		1,597		6,405		5,001
	PVGIB		PVTIGB		PVTVB		ACEG		AVMCCI
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		716		1,364		2,444		134		12
Variable Executive Life		-		-		-		-		-
Total		716		1,364		2,444		134		12
	RVARS		TRHS2		VWBF		VWEM		VWHA
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		4,341		3,661		5,954
Multiple Payment and Flexible Premium contracts		104		30,718		3,916		21,605		19,451
Variable Executive Life		-		-		45		20		15
Total		104		30,718		8,302		25,286		25,420
	WRASP		WRHIP		WRMCG		SVDF		SVOF
Single Premium issue prior to April 16, 1990		-		-		-		-		206
Single Premium issue after to April 16, 1990		-		-		-		6,636		8,978
Multiple Payment and Flexible Premium contracts		12,351		5,640		1,695		-		100
Variable Executive Life		-		-		-		-		-
Total		12,351		5,640		1,695		6,636		9,284
	WFVSCG		MIGIC		FHIPR		FOSR		AMBP
Single Premium issue prior to April 16, 1990		-		-		-		-		-
Single Premium issue after to April 16, 1990		-		-		-		-		-
Multiple Payment and Flexible Premium contracts		2,193		291		6,506		6,754		196
Variable Executive Life		-		-		16		26		-
Total		2,193		291		6,522		6,780		196
	AMTG		AMFAS
Single Premium issue prior to April 16, 1990		287		-
Single Premium issue after to April 16, 1990		8,613		-
Multiple Payment and Flexible Premium contracts		157		755
Variable Executive Life		-		26
Total		9,057		781

(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, 2015 and 2014, total transfers into the Account from the fixed account were $24,014,557 and $22,368,333, respectively, and total transfers from the Account to the fixed account were $18,645,557 and $26,183,509, respectively.

(7) Fair Value Measurement

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

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

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

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

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

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

The Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2015.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2015:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	600,433,133	$	-	$	-	$	600,433,133

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2015 are as follows:

	Purchases of Investments		Sales of Investments
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)	$	16	$	400
Global Allocation V.I. Fund - Class II (MLVGA2)		683,693		340,064
VIP Small Cap Value Series: Service Class (DWVSVS)		97,646		279,800
Stock Index Fund, Inc. - Initial Shares (DSIF)		2,963,397		5,274,774
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)		1,146,042		927,013
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)		6,012		12,779
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)		110,287		29,588
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)		48,928		8,132
Balanced Portfolio: Service Shares (JABS)		152,531		363,005
Forty Portfolio: Service Shares (JACAS)		2,532,909		1,278,199
Global Technology Portfolio: Service Shares (JAGTS)		1,160,651		587,844
Overseas Portfolio: Service Shares (JAIGS)		319,655		593,450
Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)		258,978		39,449
Variable Insurance Trust - MFS New Discovery Series - Initial Class (MNDIC)		33,224		60,303
Value Series - Initial Class (MVFIC)		432,085		279,346
Core Plus Fixed Income Portfolio - Class I (MSVFI)		38,883		64,508
Emerging Markets Debt Portfolio - Class I (MSEM)		113,424		167,253
U.S. Real Estate Portfolio - Class I (MSVRE)		76,824		426,458
NVIT Investor Destinations Managed Growth Class I (IDPG)		160,309		334
NVIT Bond Index Fund Class I (NVBX)		86,494		47,609
NVIT International Index Fund Class I (NVIX)		92,012		1,696
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)		1,186,354		1,137,308
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)		805,500		223,748
American Funds NVIT Bond Fund - Class II (GVABD2)		33,167		119,195
American Funds NVIT Global Growth Fund - Class II (GVAGG2)		723,849		615,153
American Funds NVIT Growth Fund - Class II (GVAGR2)		123,677		151,745
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)		107,025		330,958
Federated NVIT High Income Bond Fund - Class I (HIBF)		146,831		406,900
NVIT Emerging Markets Fund - Class I (GEM)		161,248		306,074
NVIT International Equity Fund - Class I (GIG)		432,449		759,344
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)		1,496,355		1,534,887
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)		84,910		94,892
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)		54,742		35,031
NVIT Cardinal Balanced Fund - Class I (NVCRB1)		395,796		17,392
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)		96,954		169,491
NVIT Cardinal Conservative Fund - Class I (NVCCN1)		6,151		81,591
NVIT Cardinal Moderate Fund - Class I (NVCMD1)		250,197		97,209
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)		176,854		92,760
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)		17,823		128,471
NVIT Core Bond Fund - Class I (NVCBD1)		184,368		178,376
NVIT Core Plus Bond Fund - Class I (NVLCP1)		31,345		121,028
NVIT Nationwide Fund - Class I (TRF)		683,177		4,540,147
NVIT Government Bond Fund - Class I (GBF)		249,176		765,491
American Century NVIT Growth Fund - Class I (CAF)		1,838,875		1,421,362
NVIT International Index Fund - Class II (GVIX2)		45,020		39,288
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)		107,024		268,162
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)		23,840		13,466
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)		62,036		68,349
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)		48,463		122,007
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)		283,521		1,028,330
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)		449,147		589,630
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)		406,118		169,968
NVIT Mid Cap Index Fund - Class I (MCIF)		1,215,421		727,509
NVIT Money Market Fund - Class I (SAM)		8,347,240		11,188,575
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)		552,213		408,486
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)		160,113		74,052
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)		940,082		1,138,110
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)		559,110		396,249
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)		4,696,896		2,839,039
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)		3,430,912		2,301,169
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)		647,029		348,178
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)		1,180,377		880,834
NVIT Multi-Manager Small Company Fund - Class I (SCF)		1,819,601		2,313,365
NVIT Multi-Sector Bond Fund - Class I (MSBF)		77,125		149,081
NVIT Short Term Bond Fund - Class II (NVSTB2)		615,025		634,267
NVIT Large Cap Growth Fund - Class I (NVOLG1)		8,870,695		6,161,158
Templeton NVIT International Value Fund - Class III (NVTIV3)		70,182		44,279
Invesco NVIT Comstock Value Fund - Class I (EIF)		125,211		104,762
NVIT Real Estate Fund - Class I (NVRE1)		2,106,709		1,921,591
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)		1,307		7,660
Loring Ward NVIT Moderate Fund - Class P (NVLMP)		10,636		125

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

NVIT Small Cap Index Fund Class II (NVSIX2)		73,404		4,029
NVIT S&P 500 Index Fund Class I (GVEX1)		875,928		808,761
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)		39		102
VPS Growth and Income Portfolio - Class A (ALVGIA)		27,182		100,430
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)		256,408		238,406
VP Balanced Fund - Class I (ACVB)		1,127,568		1,401,339
VP Capital Appreciation Fund - Class I (ACVCA)		193,372		329,270
VP Income & Growth Fund - Class I (ACVIG)		304,610		636,696
VP Inflation Protection Fund - Class II (ACVIP2)		123,729		174,315
VP International Fund - Class I (ACVI)		188,421		146,489
VP Mid Cap Value Fund - Class I (ACVMV1)		580,036		525,794
VP Ultra(R) Fund - Class I (ACVU1)		169,551		204,988
Small Cap Stock Index Portfolio - Service Shares (DVSCS)		675,449		585,439
Appreciation Portfolio - Initial Shares (DCAP)		400,093		615,980
Opportunistic Small Cap Portfolio: Initial Shares (DSC)		217,535		69,984
Growth and Income Portfolio - Initial Shares (DGI)		182,035		142,609
Managed Tail Risk Fund II: Primary Shares (FVCA2P)		7,678		5,649
Quality Bond Fund II - Primary Shares (FQB)		119,226		164,502
Equity-Income Portfolio - Initial Class (FEIP)		5,172,070		4,379,165
High Income Portfolio - Initial Class (FHIP)		4,746,839		1,953,409
VIP Asset Manager Portfolio - Initial Class (FAMP)		1,451,723		1,622,912
VIP Energy Portfolio - Service Class 2 (FNRS2)		458,454		576,038
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)		71,893		125,761
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)		104,577		86,056
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)		52,075		118,475
VIP Growth Portfolio - Initial Class (FGP)		2,424,217		6,340,672
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)		198,040		256,741
VIP Mid Cap Portfolio - Service Class (FMCS)		1,290,469		1,877,551
VIP Overseas Portfolio - Initial Class (FOP)		566,837		1,011,207
VIP Overseas Portfolio - Service Class (FOS)		4,923,035		763,876
VIP Value Strategies Portfolio - Service Class (FVSS)		238,663		448,984
Franklin Income Securities Fund - Class 2 (FTVIS2)		313,051		291,094
Rising Dividends Securities Fund - Class 1 (FTVRDI)		957,577		702,884
Small Cap Value Securities Fund - Class 1 (FTVSVI)		462,593		812,450
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)		193,783		88,448
Templeton Foreign Securities Fund - Class 1 (TIF)		8,412		43,255
Templeton Foreign Securities Fund - Class 2 (TIF2)		148,929		279,740
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)		284,959		256,934
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)		111,287		46,225
Short Duration Bond Portfolio - I Class Shares (AMTB)		294,867		527,853
Guardian Portfolio - I Class Shares (AMGP)		40,343		13,982
International Portfolio - S Class Shares (AMINS)		2,550		1,379
Mid-Cap Growth Portfolio - I Class Shares (AMCG)		1,983,085		170,202
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)		210,255		18,220
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		361,913		293,300
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)		597		3,545
Socially Responsive Portfolio - I Class Shares (AMSRS)		71,004		107,519
Capital Income Fund/VA - Non-Service Shares (OVMS)		186,440		648,137
Core Bond Fund/VA - Non-Service Shares (OVB)		229,203		283,378
Global Securities Fund/VA - Non-Service Shares (OVGS)		2,781,548		2,326,260
International Growth Fund/VA - Non-Service Shares (OVIG)		85,513		51,730
Main Street Fund(R)/VA - Non-Service Shares (OVGI)		257,735		283,308
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)		886,643		379,565
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)		341,650		198,880
Global Strategic Income Fund/VA: Non-service Shares (OVSB)		54,768		48,690
All Asset Portfolio - Administrative Class (PMVAAA)		59,390		31,852
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)		8,376		3,502
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)		23,356		45,742
Low Duration Portfolio - Administrative Class (PMVLDA)		129,872		191,112
Total Return Portfolio - Administrative Class (PMVTRA)		259,601		171,785
VT Growth & Income Fund: Class IB (PVGIB)		5,423		131,151
VT International Equity Fund: Class IB (PVTIGB)		161,579		187,598
VT Voyager Fund: Class IB (PVTVB)		275,357		84,442
VI American Franchise Fund - Series I Shares (ACEG)		5,259		14,454
VI Value Opportunities Fund - Series I Shares (AVBVI)		617		1,001
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)		266		29,464
Variable Fund - Multi-Hedge Strategies (RVARS)		50,552		7,454
Health Sciences Portfolio - II (TRHS2)		2,623,541		2,060,159
Limited-Term Bond Portfolio - II (TRLT2)		27,634		2,265
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)		134,240		243,944
VIP Trust Emerging Markets Fund - Initial Class (VWEM)		803,597		1,624,000
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)		572,053		1,303,544
Variable Insurance Portfolios - Asset Strategy (WRASP)		532,339		481,060
Variable Insurance Portfolios - High Income (WRHIP)		1,161,785		1,108,997
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)		53,703		52,270
Advantage VT Discovery Fund (SVDF)		226,572		155,182
Advantage VT Opportunity Fund - Class 2 (SVOF)		201,685		127,215
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)		250,435		125,320
Investors Growth Stock Series - Initial Class (obsolete) (MIGIC)		36,656		257,463
VIP High Income Portfolio - Initial Class R (obsolete) (FHIPR)		66,469		3,839,219
VIP Overseas Portfolio - Service Class R (obsolete) (FOSR)		78,870		4,599,319
VP International Fund - Class III (obsolete) (ACVI3)		5,620		190,174
Balanced Portfolio - I Class Shares (obsolete) (AMBP)		8,914		40,768
Growth Portfolio - I Class Shares (obsolete) (AMTG)		170,937		2,172,549
Small-Cap Growth Portfolio - S Class Shares (obsolete) (AMFAS)		80,123		252,162
Total	$	102,156,558	$	111,176,020

(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, 2015, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2015. 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, 2015

	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)
2015		0.80%		43	$	11.553583	$	497		0.76%		-1.88%
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)
2015		0.00%		25,956		16.452774		427,048		1.01%		-0.87%
2015		0.50%		159,013		15.913354		2,530,430		1.01%		-1.36%
2015		0.80%		21,353		15.598233		333,069		1.01%		-1.66%
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%
VIP Small Cap Value Series: Service Class (DWVSVS)
2015		0.50%		17,123		12.031473		206,015		0.40%		-6.93%
2015		0.80%		169		11.935554		2,017		0.40%		-7.21%
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)
2015		0.00%		165,525		42.884259		7,098,417		1.81%		1.11%
2015		0.50%		511,292		56.401644		28,837,709		1.81%		0.60%
2015		0.80%		106,989		53.825726		5,758,761		1.81%		0.30%
2015		1.00%		112,875		15.871756		1,791,524		1.81%		0.10%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		15,245	$	32.409587	$	494,084		1.07%		-3.19%
2015		0.50%		88,042		45.192328		3,978,823		1.07%		-3.68%
2015		0.80%		47,495		43.127277		2,048,330		1.07%		-3.97%
2015		1.00%		13,587		11.303362		153,579		1.07%		-4.16%
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%
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
2015		0.80%		904		11.134016		10,065		0.06%		-6.57%
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)
2015		0.00%		2,015		14.722930		29,667		0.00%		1.21%
2015		0.50%		15,276		14.454682		220,810		0.00%		0.70%
2015		0.80%		2,494		14.296093		35,654		0.00%		0.40%
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)
2015		0.50%		8,885		9.809355		87,156		4.50%		-4.58%
2015		0.80%		2,867		9.760364		27,983		4.50%		-4.86%
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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Balanced Portfolio: Service Shares (JABS)
2015		0.00%		6,053	$	26.705237	$	161,647		1.59%		0.41%
2015		0.50%		43,622		25.066501		1,093,451		1.59%		-0.09%
2015		0.80%		4,027		24.131876		97,179		1.59%		-0.39%
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%
Forty Portfolio: Service Shares (JACAS)
2015		0.00%		38,461		19.681241		756,960		1.23%		11.94%
2015		0.50%		152,074		18.198114		2,767,460		1.23%		11.38%
2015		0.80%		23,114		17.362476		401,316		1.23%		11.05%
2015		1.00%		39,464		17.571689		693,449		1.23%		10.82%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Global Technology Portfolio: Service Shares (JAGTS)
2015		0.00%		45,665	$	9.978812	$	455,682		0.76%		4.65%
2015		0.50%		145,966		9.226629		1,346,774		0.76%		4.12%
2015		0.80%		12,396		8.802803		109,120		0.76%		3.81%
2015		1.00%		28,378		8.943715		253,805		0.76%		3.60%
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%
Overseas Portfolio: Service Shares (JAIGS)
2015		0.00%		23,628		13.412445		316,909		0.50%		-8.80%
2015		0.50%		149,951		12.401443		1,859,609		0.50%		-9.26%
2015		0.80%		31,686		11.831820		374,903		0.50%		-9.53%
2015		1.00%		13,590		12.610885		171,382		0.50%		-9.71%
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%
Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class  (MV2IGI)
2015		0.00%		237		9.859642		2,337		0.50%		-1.40%	3/27/2015
2015		0.50%		18,779		9.822021		184,448		0.50%		-1.78%	3/27/2015
2015		0.80%		1,620		9.799511		15,875		0.50%		-2.00%	3/27/2015

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Variable Insurance Trust - MFS New Discovery Series - Initial Class  (MNDIC)
2015		0.50%		7,452	$	13.068207	$	97,384		0.00%		-2.37%
2015		0.80%		2,770		12.925222		35,803		0.00%		-2.67%
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
Value Series - Initial Class (MVFIC)
2015		0.00%		8,161		31.585843		257,772		2.35%		-0.74%
2015		0.50%		75,462		29.647517		2,237,261		2.35%		-1.23%
2015		0.80%		4,220		28.542042		120,447		2.35%		-1.53%
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%
Core Plus Fixed Income Portfolio - Class I (MSVFI)
2015		0.00%		893		15.862273		14,165		3.38%		-0.65%
2015		0.50%		15,180		14.888818		226,012		3.38%		-1.15%
2015		0.80%		1,157		14.333624		16,584		3.38%		-1.44%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Emerging Markets Debt Portfolio - Class I (MSEM)
2015		0.00%		3,183	$	32.546083	$	103,594		5.12%		-1.12%
2015		0.50%		18,372		29.587592		543,583		5.12%		-1.61%
2015		0.80%		3,564		28.076874		100,066		5.12%		-1.90%
2015		1.00%		1,810		27.704633		50,145		5.12%		-2.10%
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%
U.S. Real Estate Portfolio - Class I (MSVRE)
2015		0.00%		5,368		85.535733		459,156		1.29%		2.17%
2015		0.80%		7		80.842950		566		1.29%		1.36%
2015		1.00%		19,437		41.468961		806,032		1.29%		1.15%
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%
NVIT Investor Destinations Managed Growth Class I (IDPG)
2015		0.50%		15,862		9.687322		153,660		1.71%		-4.19%
NVIT Bond Index Fund Class I (NVBX)
2015		0.50%		7,084		10.207041		72,307		2.52%		-0.36%
2015		0.80%		741		10.156065		7,526		2.52%		-0.66%
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
NVIT International Index Fund Class I (NVIX)
2015		0.50%		9,463		9.034998		85,498		3.18%		-1.45%
2015		0.80%		409		8.989867		3,677		3.18%		-1.75%
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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2015		0.00%		38,165	$	23.497274	$	896,773		2.35%		-4.28%
2015		0.50%		199,100		22.727043		4,524,954		2.35%		-4.75%
2015		0.80%		29,699		22.277085		661,607		2.35%		-5.04%
2015		1.00%		31,459		21.982092		691,535		2.35%		-5.23%
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%
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
2015		0.00%		11,235		16.606784		186,577		1.47%		0.98%
2015		0.50%		154,817		15.823041		2,449,676		1.47%		0.48%
2015		0.80%		17,356		15.370711		266,774		1.47%		0.18%
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%
American Funds NVIT Bond Fund - Class II (GVABD2)
2015		0.00%		388		13.166435		5,109		1.34%		-0.23%
2015		0.50%		49,437		12.545212		620,198		1.34%		-0.73%
2015		0.80%		4,367		12.186595		53,219		1.34%		-1.03%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTSDecember 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
2015		0.00%		5,004	$	18.531767	$	92,733		0.65%		6.54%
2015		0.50%		76,732		17.657174		1,354,870		0.65%		6.01%
2015		0.80%		10,443		17.152313		179,122		0.65%		5.69%
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%
American Funds NVIT Growth Fund - Class II (GVAGR2)
2015		0.00%		7,304		17.702463		129,299		0.72%		6.43%
2015		0.50%		89,046		16.866914		1,501,931		0.72%		5.90%
2015		0.80%		11,526		16.384632		188,849		0.72%		5.58%
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%
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
2015		0.00%		1,720		15.067505		25,916		0.82%		1.09%
2015		0.50%		52,281		14.428331		754,328		0.82%		0.58%
2015		0.80%		3,552		14.057897		49,934		0.82%		0.28%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTSDecember 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Federated NVIT High Income Bond Fund - Class I (HIBF)
2015		0.00%		10,207	$	21.630634	$	220,784		4.79%		-2.61%
2015		0.50%		33,330		20.303323		676,710		4.79%		-3.09%
2015		0.80%		3,787		19.546248		74,022		4.79%		-3.38%
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%
NVIT Emerging Markets Fund - Class I (GEM)
2015		0.00%		10,524		21.512038		226,393		0.83%		-15.99%
2015		0.50%		75,298		19.932578		1,500,883		0.83%		-16.41%
2015		0.80%		10,108		19.041117		192,468		0.83%		-16.67%
2015		1.00%		12,514		18.193147		227,669		0.83%		-16.83%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT International Equity Fund - Class I (GIG)
2015		0.00%		23,440	$	16.060113	$	376,449		0.49%		-3.06%
2015		0.50%		195,376		14.880984		2,907,387		0.49%		-3.54%
2015		0.80%		29,478		14.215565		419,046		0.49%		-3.83%
2015		1.00%		1,044		13.861728		14,472		0.49%		-4.02%
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%
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
2015		0.00%		61,213		14.364226		879,277		0.77%		-1.08%
2015		0.50%		750,786		13.823879		10,378,775		0.77%		-1.57%
2015		0.80%		139,591		13.509410		1,885,792		0.77%		-1.87%
2015		1.00%		3,427		13.303772		45,592		0.77%		-2.06%
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%
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
2015		0.50%		6,114		15.962214		97,593		0.85%		-0.82%
2015		0.80%		852		15.599224		13,291		0.85%		-1.12%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
2015		0.50%		18,331	$	13.346240	$	244,650		2.71%		-2.07%
2015		0.80%		4,713		13.042718		61,470		2.71%		-2.36%
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%
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
2015		0.00%		397		13.800315		5,479		3.15%		-1.05%
2015		0.50%		51,506		13.281354		684,069		3.15%		-1.55%
2015		0.80%		3,990		12.979315		51,787		3.15%		-1.84%
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%
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
2015		0.00%		442		14.021191		6,197		3.01%		-1.15%
2015		0.50%		39,708		13.493842		535,813		3.01%		-1.64%
2015		0.80%		7,360		13.187024		97,056		3.01%		-1.93%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
2015		0.00%		244	$	13.034982	$	3,181		1.72%		-0.65%
2015		0.50%		2,512		12.544832		31,513		1.72%		-1.15%
2015		0.80%		894		12.259602		10,960		1.72%		-1.44%
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%
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
2015		0.00%		7,798		13.935133		108,666		3.00%		-0.98%
2015		0.50%		69,776		13.411061		935,770		3.00%		-1.47%
2015		0.80%		14,769		13.106100		193,564		3.00%		-1.76%
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%
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
2015		0.50%		43,784		13.397846		586,611		3.02%		-1.92%
2015		0.80%		9,353		13.093144		122,460		3.02%		-2.21%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
2015		0.00%		3,965	$	13.598100	$	53,916		2.15%		-0.88%
2015		0.50%		7,021		13.086745		91,882		2.15%		-1.37%
2015		0.80%		2,852		12.789198		36,475		2.15%		-1.67%
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%
NVIT Core Bond Fund - Class I (NVCBD1)
2015		0.00%		586		13.609836		7,975		2.98%		-0.72%
2015		0.50%		22,181		13.098062		290,528		2.98%		-1.22%
2015		0.80%		1,767		12.800299		22,618		2.98%		-1.51%
2015		1.00%		14,774		12.605559		186,235		2.98%		-1.71%
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%
NVIT Core Plus Bond Fund - Class I (NVLCP1)
2015		0.50%		7,127		14.218455		101,335		1.50%		-0.81%
2015		0.80%		1,232		13.895258		17,119		1.50%		-1.11%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Nationwide Fund - Class I (TRF)
2015		0.00%		85,545	$	35.133556	$	3,005,500		1.20%		0.94%
2015		0.50%		352,222		74.184806		26,129,521		1.20%		0.43%
2015		0.80%		304,453		57.982649		17,652,991		1.20%		0.13%
2015		1.00%		52,248		15.514649		810,609		1.20%		-0.07%
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%
NVIT Government Bond Fund - Class I (GBF)
2015		0.00%		35,320		25.802376		911,340		1.69%		-0.11%
2015		0.50%		77,238		43.363363		3,349,299		1.69%		-0.61%
2015		0.80%		29,660		31.927769		946,978		1.69%		-0.90%
2015		1.00%		30,019		16.598821		498,280		1.69%		-1.10%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		36,461	$	25.810261	$	941,068		0.35%		4.67%
2015		0.50%		218,365		36.761737		8,027,477		0.35%		4.15%
2015		0.80%		119,221		35.155483		4,191,272		0.35%		3.83%
2015		1.00%		41,762		10.605220		442,895		0.35%		3.63%
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%
NVIT International Index Fund - Class II (GVIX2)
2015		0.00%		13,756		9.215814		126,773		2.09%		-1.26%
2015		0.50%		28,482		9.138464		260,282		2.09%		-1.75%
2015		0.80%		647		9.092378		5,883		2.09%		-2.04%
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)
2015		0.00%		3,611		22.707558		81,997		1.39%		-1.00%
2015		0.50%		73,119		21.179621		1,548,633		1.39%		-1.49%
2015		0.80%		17,157		20.312637		348,504		1.39%		-1.79%
2015		1.00%		784		19.754390		15,487		1.39%		-1.98%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		14,518	$	16.704200	$	242,512		1.70%		-0.17%
2015		0.50%		5,954		16.156606		96,196		1.70%		-0.67%
2015		0.80%		806		15.836701		12,764		1.70%		-0.97%
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%
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
2015		0.00%		215		19.013052		4,088		1.47%		-0.53%
2015		0.50%		3,494		18.389805		64,254		1.47%		-1.03%
2015		0.80%		1,573		18.025703		28,354		1.47%		-1.32%
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%
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2015		0.00%		3,939		16.833321		66,306		1.61%		0.26%
2015		0.50%		8,757		15.700819		137,492		1.61%		-0.24%
2015		0.80%		8,264		15.058187		124,441		1.61%		-0.53%
2015		1.00%		8,989		14.644442		131,639		1.61%		-0.73%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		51,527	$	20.473919	$	1,054,960		1.44%		-0.33%
2015		0.50%		71,218		19.096332		1,360,003		1.44%		-0.83%
2015		0.80%		41,881		18.314731		767,039		1.44%		-1.13%
2015		1.00%		12,274		17.811493		218,618		1.44%		-1.33%
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%
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2015		0.00%		33,868		21.949295		743,379		1.49%		-0.73%
2015		0.50%		153,656		20.472428		3,145,711		1.49%		-1.22%
2015		0.80%		36,259		19.634425		711,925		1.49%		-1.52%
2015		1.00%		19,444		19.094916		371,282		1.49%		-1.72%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		6,512	$	18.983169	$	123,618		1.67%		-0.03%
2015		0.50%		164,221		17.705928		2,907,685		1.67%		-0.53%
2015		0.80%		8,770		16.981269		148,926		1.67%		-0.83%
2015		1.00%		23,318		16.514677		385,089		1.67%		-1.03%
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%
NVIT Mid Cap Index Fund - Class I (MCIF)
2015		0.00%		28,650		32.334576		926,386		1.16%		-2.53%
2015		0.50%		141,727		29.898124		4,237,371		1.16%		-3.02%
2015		0.80%		14,341		28.525303		409,081		1.16%		-3.31%
2015		1.00%		21,780		25.197704		548,806		1.16%		-3.50%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Money Market Fund - Class I (SAM)
2015		0.00%		179,968	$	15.554998	$	2,799,402		0.00%
2015		0.50%		421,561		20.240028		8,532,406		0.00%		-0.50%
2015		0.80%		99,297		15.776044		1,566,514		0.00%		-0.80%
2015		1.00%		220,253		10.639895		2,343,469		0.00%		-1.00%
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%
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
2015		0.00%		19,175		9.747456		186,907		0.72%		-0.49%
2015		0.50%		343,068		9.665662		3,315,979		0.72%		-0.99%
2015		0.80%		51,630		9.616898		496,520		0.72%		-1.28%
2015		1.00%		18,554		9.584544		177,832		0.72%		-1.48%
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)
2015		0.00%		3,657		18.002792		65,836		1.27%		-5.12%
2015		0.50%		26,566		16.897583		448,901		1.27%		-5.59%
2015		0.80%		3,231		16.267282		52,560		1.27%		-5.88%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		15,760	$	16.589334	$	261,448		0.39%		3.43%
2015		0.50%		79,270		15.965444		1,265,581		0.39%		2.92%
2015		0.80%		10,620		15.602400		165,697		0.39%		2.61%
2015		1.00%		9,185		15.364980		141,127		0.39%		2.41%
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%
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
2015		0.00%		10,810		14.746982		159,415		1.22%		-3.15%
2015		0.50%		68,591		14.192233		973,459		1.22%		-3.63%
2015		0.80%		7,016		13.869458		97,308		1.22%		-3.92%
2015		1.00%		1,045		15.980192		16,699		1.22%		-4.11%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		82,159	$	16.073975	$	1,320,622		0.00%		-0.18%
2015		0.50%		1,334,518		15.469408		20,644,203		0.00%		-0.68%
2015		0.80%		375,429		15.117565		5,675,572		0.00%		-0.98%
2015		1.00%		5,521		14.887497		82,194		0.00%		-1.18%
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%
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2015		0.00%		35,029		18.482716		647,431		1.18%		-2.89%
2015		0.50%		961,036		17.787535		17,094,461		1.18%		-3.37%
2015		0.80%		221,472		17.383067		3,849,863		1.18%		-3.66%
2015		1.00%		9,334		17.118531		159,784		1.18%		-3.85%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		18,197	$	12.994841	$	236,467		0.00%		0.76%
2015		0.50%		93,653		12.015436		1,125,282		0.00%		0.25%
2015		0.80%		9,144		11.463575		104,823		0.00%		-0.05%
2015		1.00%		4,894		11.123476		54,438		0.00%		-0.25%
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%
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
2015		0.00%		27,794		41.428086		1,151,452		0.70%		-6.02%
2015		0.50%		85,762		37.924878		3,252,513		0.70%		-6.49%
2015		0.80%		10,713		35.966790		385,312		0.70%		-6.77%
2015		1.00%		8,211		28.188717		231,458		0.70%		-6.96%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		31,864	$	51.769318	$	1,649,578		0.36%		-1.63%
2015		0.50%		171,090		61.802598		10,573,806		0.36%		-2.13%
2015		0.80%		41,366		58.798055		2,432,240		0.36%		-2.42%
2015		1.00%		14,878		22.313416		331,979		0.36%		-2.61%
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%
NVIT Multi-Sector Bond Fund - Class I (MSBF)
2015		0.00%		6,132		21.093281		129,344		1.94%		-2.89%
2015		0.50%		33,896		19.504377		661,120		1.94%		-3.37%
2015		0.80%		3,116		18.609020		57,986		1.94%		-3.66%
2015		1.00%		11,088		17.673482		195,964		1.94%		-3.86%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		220	$	11.468229	$	2,523		1.45%		-0.34%
2015		0.50%		46,145		11.036978		509,301		1.45%		-0.84%
2015		0.80%		2,788		10.786003		30,071		1.45%		-1.14%
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%
NVIT Large Cap Growth Fund - Class I (NVOLG1)
2015		0.00%		245,083		25.770856		6,315,999		0.62%		5.09%
2015		0.50%		1,471,731		24.926227		36,684,701		0.62%		4.57%
2015		0.80%		243,543		24.432765		5,950,429		0.62%		4.26%
2015		1.00%		65,261		24.109259		1,573,394		0.62%		4.05%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Templeton NVIT International Value Fund - Class III (NVTIV3)
2015		0.00%		1	$	15.385758	$	15		2.04%		-3.90%
2015		0.50%		9,318		14.881221		138,663		2.04%		-4.38%
2015		0.80%		2,678		14.586513		39,063		2.04%		-4.67%
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%
Invesco NVIT Comstock Value Fund - Class I (EIF)
2015		0.00%		371		26.484871		9,826		1.53%		-6.30%
2015		0.50%		28,958		24.859309		719,876		1.53%		-6.77%
2015		0.80%		2,775		23.932240		66,412		1.53%		-7.05%
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%
NVIT Real Estate Fund - Class I (NVRE1)
2015		0.00%		49,928		14.907394		744,296		2.62%		-5.36%
2015		0.50%		441,395		14.346436		6,332,445		2.62%		-5.83%
2015		0.80%		76,353		14.020049		1,070,473		2.62%		-6.11%
2015		1.00%		56,787		13.806599		784,035		2.62%		-6.30%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’  Equity		Investment Income Ratio**		Total Return***		Inception Date****
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
2015		0.50%		100	$	11.315948	$	1,132		1.18%		-3.49%
2014		0.50%		627		11.724648		7,351		1.84%		2.82%
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
2015		0.50%		878		11.141320		9,782		1.90%		-2.19%
NVIT Small Cap Index Fund Class II (NVSIX2)
2015		0.50%		8,140		12.442841		101,285		1.14%		-5.36%
2015		0.80%		1,102		12.343655		13,603		1.14%		-5.64%
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)
2015		0.50%		158,718		13.393605		2,125,806		1.84%		0.66%
2015		0.80%		7,239		13.286846		96,183		1.84%		0.36%
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)
2015		0.80%		207		9.811721		2,031		1.29%		-9.94%
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
VPS Growth and Income Portfolio - Class A (ALVGIA)
2015		0.00%		1,067		27.338430		29,170		1.36%		1.70%
2015		0.50%		9,210		25.660568		236,334		1.36%		1.19%
2015		0.80%		1,958		24.703773		48,370		1.36%		0.89%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
2015		0.00%		2,532	$	37.073964	$	93,871		0.77%		-5.49%
2015		0.50%		24,654		34.798537		857,923		0.77%		-5.96%
2015		0.80%		3,213		33.500854		107,638		0.77%		-6.24%
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%
VP Balanced Fund - Class I (ACVB)
2015		0.00%		10,671		32.960923		351,726		1.77%		-2.57%
2015		0.50%		67,035		39.659779		2,658,593		1.77%		-3.06%
2015		0.80%		15,512		37.927982		588,339		1.77%		-3.35%
2015		1.00%		92,521		17.216869		1,592,922		1.77%		-3.54%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VP Capital Appreciation Fund - Class I (ACVCA)
2015		0.00%		10,612	$	35.972809	$	381,743		0.00%		1.93%
2015		0.50%		484		85.827977		41,541		0.00%		1.42%
2015		0.80%		405		51.939477		21,035		0.00%		1.12%
2015		1.00%		71,941		16.644314		1,197,409		0.00%		0.92%
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%
VP Income & Growth Fund - Class I (ACVIG)
2015		0.00%		9,543		22.919562		218,721		2.07%		-5.62%
2015		0.50%		52,130		20.981637		1,093,773		2.07%		-6.09%
2015		0.80%		4,946		19.898492		98,418		2.07%		-6.37%
2015		1.00%		33,466		15.874045		531,241		2.07%		-6.56%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VP Inflation Protection Fund - Class II (ACVIP2)
2015		0.00%		17,532	$	15.568846	$	272,953		1.96%		-2.47%
2015		0.50%		48,547		14.611822		709,360		1.96%		-2.95%
2015		0.80%		6,169		14.064830		86,766		1.96%		-3.25%
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%
VP International Fund - Class I (ACVI)
2015		0.00%		12,646		29.016282		366,940		0.33%		0.76%
2015		0.80%		572		27.509521		15,735		0.33%		-0.04%
2015		1.00%		13,057		11.393246		148,762		0.33%		-0.24%
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%
VP Mid Cap Value Fund - Class I (ACVMV1)
2015		0.00%		2,790		26.907721		75,073		1.67%		-1.43%
2015		0.50%		73,142		25.510479		1,865,887		1.67%		-1.92%
2015		0.80%		5,044		24.707138		124,623		1.67%		-2.22%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VP Ultra(R) Fund - Class I (ACVU1)
2015		0.00%		1,629	$	22.395341	$	36,482		0.57%		6.27%
2015		0.80%		3		20.075726		60		0.57%		5.42%
2015		1.00%		6,941		19.534291		135,588		0.57%		5.21%
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%
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
2015		0.00%		12,781		28.711482		366,961		0.71%		-2.33%
2015		0.50%		45,825		26.814872		1,228,792		0.71%		-2.82%
2015		0.80%		5,483		25.737593		141,119		0.71%		-3.11%
2015		1.00%		11,845		25.043486		296,640		0.71%		-3.30%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Appreciation Portfolio - Initial Shares (DCAP)
2015		0.00%		25,136	$	28.331820	$	712,149		1.71%		-2.47%
2015		0.50%		108,438		25.756732		2,793,009		1.71%		-2.95%
2015		0.80%		13,087		24.441505		319,866		1.71%		-3.25%
2015		1.00%		26,468		16.188755		428,484		1.71%		-3.44%
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%
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
2015		0.00%		1,319		22.165178		29,236		0.00%		-2.28%
2015		0.50%		17,347		20.804584		360,897		0.00%		-2.76%
2015		0.80%		2,413		20.028662		48,329		0.00%		-3.06%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Growth and Income Portfolio - Initial Shares (DGI)
2015		0.00%		10,337	$	28.631217	$	295,961		0.85%		1.58%
2015		0.50%		32,948		25.891246		853,065		0.85%		1.08%
2015		0.80%		9,607		24.589597		236,232		0.85%		0.77%
2015		1.00%		5,930		16.399896		97,251		0.85%		0.57%
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%
Managed Tail Risk Fund II: Primary Shares (FVCA2P)
2015		0.00%		4,222		17.216840		72,689		1.66%		-6.29%
2015		0.50%		4,747		16.160101		76,712		1.66%		-6.76%
2015		0.80%		73		15.557433		1,136		1.66%		-7.04%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Quality Bond Fund II - Primary Shares (FQB)
2015		0.00%		11,050	$	18.488639	$	204,299		3.79%		-0.24%
2015		0.50%		30,682		17.267480		529,801		3.79%		-0.74%
2015		0.80%		5,898		16.573859		97,753		3.79%		-1.04%
2015		1.00%		21,199		16.126960		341,875		3.79%		-1.24%
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%
Equity-Income Portfolio - Initial Class (FEIP)
2015		0.00%		88,281		35.929931		3,171,930		3.12%		-3.96%
2015		0.50%		276,356		89.918068		24,849,398		3.12%		-4.44%
2015		0.80%		87,394		72.039238		6,295,797		3.12%		-4.73%
2015		1.00%		143,683		18.033332		2,591,083		3.12%		-4.92%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
High Income Portfolio - Initial Class (FHIP)
2015		0.00%		46,720	$	23.062721	$	1,077,490		6.94%		-3.63%
2015		0.50%		114,994		47.175900		5,424,945		6.94%		-4.11%
2015		0.80%		37,466		43.148429		1,616,599		6.94%		-4.39%
2015		1.00%		36,170		16.624787		601,319		6.94%		-4.59%
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%
VIP Asset Manager Portfolio - Initial Class (FAMP)
2015		0.00%		30,670		32.420886		994,349		1.54%		0.14%
2015		0.50%		124,124		54.609345		6,778,330		1.54%		-0.36%
2015		0.80%		38,181		45.910238		1,752,899		1.54%		-0.66%
2015		1.00%		110,966		16.390335		1,818,770		1.54%		-0.85%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Energy Portfolio - Service Class 2 (FNRS2)
2015		0.00%		7,724	$	15.682940	$	121,135		0.96%		-20.75%
2015		0.50%		85,744		14.868006		1,274,842		0.96%		-21.15%
2015		0.80%		17,730		14.399510		255,303		0.96%		-21.38%
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%
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
2015		0.00%		646		17.755390		11,470		1.55%		-0.31%
2015		0.50%		20,645		16.833439		347,526		1.55%		-0.81%
2015		0.80%		1,626		16.303369		26,509		1.55%		-1.11%
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%
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
2015		0.00%		3,730		18.391642		68,601		1.75%		-0.37%
2015		0.50%		54,534		17.436546		950,885		1.75%		-0.86%
2015		0.80%		10,739		16.887497		181,355		1.75%		-1.16%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
2015		0.00%		407	$	19.200517	$	7,815		1.58%		-0.34%
2015		0.50%		48,081		18.203350		875,235		1.58%		-0.83%
2015		0.80%		13,133		17.630163		231,537		1.58%		-1.13%
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%
VIP Growth Portfolio - Initial Class (FGP)
2015		0.00%		129,431		39.284517		5,084,634		0.26%		7.17%
2015		0.50%		333,825		116.939937		39,037,474		0.26%		6.64%
2015		0.80%		159,204		78.131041		12,438,774		0.26%		6.32%
2015		1.00%		290,892		13.433975		3,907,836		0.26%		6.11%
2015		1.30%		16		69.840591		1,117		0.26%		5.79%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
2015		0.00%		16,557	$	16.632779	$	275,389		2.49%		-0.71%
2015		0.50%		103,861		15.612056		1,621,484		2.49%		-1.20%
2015		0.80%		11,366		15.029934		170,830		2.49%		-1.50%
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%
VIP Mid Cap Portfolio - Service Class (FMCS)
2015		0.00%		9,746		42.935421		418,449		0.37%		-1.50%
2015		0.50%		144,999		40.300555		5,843,540		0.37%		-1.99%
2015		0.80%		16,030		38.797932		621,931		0.37%		-2.28%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Overseas Portfolio - Initial Class (FOP)
2015		0.00%		36,176	$	26.124665	$	945,086		1.30%		3.62%
2015		0.50%		70,062		43.532466		3,049,972		1.30%		3.11%
2015		0.80%		14,599		32.235609		470,608		1.30%		2.80%
2015		1.00%		57,818		13.308916		769,495		1.30%		2.59%
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%
VIP Overseas Portfolio - Service Class (FOS)
2015		0.00%		7,048		9.455787		66,644		1.33%		-5.44%	4/30/2015
2015		0.50%		340,119		9.424071		3,205,306		1.33%		-5.76%	4/30/2015
2015		0.80%		66,203		9.405088		622,645		1.33%		-5.95%	4/30/2015
VIP Value Strategies Portfolio - Service Class (FVSS)
2015		0.00%		6,890		25.818706		177,891		0.97%		-3.05%
2015		0.50%		18,586		24.112865		448,162		0.97%		-3.54%
2015		0.80%		3,091		23.143966		71,538		0.97%		-3.83%
2015		1.00%		4,532		22.519793		102,060		0.97%		-4.02%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Franklin Income Securities Fund - Class 2 (FTVIS2)
2015		0.00%		9,849	$	15.982130	$	157,408		4.53%		-7.05%
2015		0.50%		87,495		15.227931		1,332,368		4.53%		-7.52%
2015		0.80%		10,851		14.792676		160,515		4.53%		-7.79%
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%
Rising Dividends Securities Fund - Class 1 (FTVRDI)
2015		0.00%		12,212		27.611133		337,187		1.70%		-3.42%
2015		0.50%		141,907		25.916612		3,677,749		1.70%		-3.90%
2015		0.80%		9,694		24.950251		241,868		1.70%		-4.19%
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%
Small Cap Value Securities Fund - Class 1 (FTVSVI)
2015		0.00%		4,486		33.932255		152,220		0.90%		-7.18%
2015		0.50%		60,975		31.849584		1,942,028		0.90%		-7.65%
2015		0.80%		5,918		30.661824		181,457		0.90%		-7.92%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
2015		0.00%		6,443	$	7.580957	$	48,844		2.03%		-19.60%
2015		0.50%		79,565		7.517796		598,153		2.03%		-20.00%
2015		0.80%		7,707		7.480158		57,650		2.03%		-20.24%
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)
2015		0.00%		157		23.944197		3,759		3.53%		-6.31%
2015		0.50%		4,217		22.474517		94,775		3.53%		-6.78%
2015		0.80%		138		21.636386		2,986		3.53%		-7.05%
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%
Templeton Foreign Securities Fund - Class 2 (TIF2)
2015		0.00%		9,284		8.167860		75,830		3.28%		-6.49%
2015		0.50%		107,904		8.099836		874,005		3.28%		-6.96%
2015		0.80%		8,391		8.059284		67,625		3.28%		-7.24%
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)
2015		0.00%		25,050		9.651615		241,773		7.79%		-4.30%
2015		0.50%		179,618		9.571266		1,719,172		7.79%		-4.78%
2015		0.80%		14,071		9.523371		134,003		7.79%		-5.07%
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
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
2015		0.00%		1,861		12.958538		24,116		3.09%		-6.21%
2015		0.50%		16,651		12.471164		207,657		3.09%		-6.68%
2015		0.80%		1,457		12.187593		17,757		3.09%		-6.96%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Short Duration Bond Portfolio - I Class Shares (AMTB)
2015		0.00%		33,957	$	18.212183	$	618,431		1.48%		0.18%
2015		0.50%		37,870		25.838210		978,493		1.48%		-0.32%
2015		0.80%		8,860		20.234451		179,277		1.48%		-0.61%
2015		1.00%		58,030		12.656942		734,482		1.48%		-0.81%
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%
Guardian Portfolio - I Class Shares (AMGP)
2015		0.00%		3,534		24.202603		85,532		0.70%		-4.97%
2015		0.80%		2		21.012092		42		0.70%		-5.73%
2015		1.00%		3,330		18.232087		60,713		0.70%		-5.91%
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%
International Portfolio - S Class Shares (AMINS)
2015		0.00%		1,304		15.819981		20,629		0.97%		1.53%
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%
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
2015		0.00%		86,273		9.602877		828,469		0.00%		-3.97%	11/4/2015
2015		0.50%		5,084		9.595371		48,783		0.00%		-4.05%	11/4/2015
2015		0.80%		1,844		9.590871		17,686		0.00%		-4.09%	11/4/2015
2015		1.00%		87,612		9.587871		840,013		0.00%		-4.12%	11/4/2015

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
2015		0.50%		5,307	$	32.774504	$	173,934		0.00%		0.49%
2015		0.80%		881		31.552382		27,798		0.00%		0.19%
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%
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
2015		0.00%		65,901		32.872625		2,166,339		0.78%		-11.80%
2015		0.80%		56		42.981855		2,407		0.78%		-12.51%
2015		1.00%		23,926		16.721091		400,069		0.78%		-12.68%
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%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
2015		0.00%		1,061		20.285547		21,523		0.37%		-8.52%
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%
Socially Responsive Portfolio - I Class Shares (AMSRS)
2015		0.00%		460		29.142833		13,406		0.55%		-0.46%
2015		0.50%		23,109		27.354252		632,129		0.55%		-0.96%
2015		0.80%		1,464		26.334197		38,553		0.55%		-1.26%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		20,811	$	26.706120	$	555,781		2.24%		0.83%
2015		0.50%		83,659		42.100530		3,522,088		2.24%		0.33%
2015		0.80%		28,601		38.689117		1,106,547		2.24%		0.03%
2015		1.00%		25,534		14.014239		357,840		2.24%		-0.17%
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%
Core Bond Fund/VA - Non-Service Shares (OVB)
2015		0.00%		31,610		18.634409		589,034		4.04%		0.96%
2015		0.50%		71,934		26.926807		1,936,953		4.04%		0.46%
2015		0.80%		23,785		23.706576		563,861		4.04%		0.16%
2015		1.00%		33,381		12.596149		420,472		4.04%		-0.04%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		30,305	$	61.416670	$	1,861,232		1.31%		3.94%
2015		0.50%		244,405		68.823160		16,820,724		1.31%		3.43%
2015		0.80%		35,673		65.680242		2,343,011		1.31%		3.12%
2015		1.00%		50,382		20.186817		1,017,052		1.31%		2.91%
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%
International Growth Fund/VA - Non-Service Shares (OVIG)
2015		0.50%		2,804		9.335199		26,176		1.48%		2.92%
2015		0.80%		296		9.288573		2,749		1.48%		2.61%
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
2015		0.00%		18,073		18.826860		340,258		0.92%		3.33%
2015		0.50%		45,674		17.408284		795,106		0.92%		2.81%
2015		0.80%		5,535		16.608972		91,931		0.92%		2.50%
2015		1.00%		2,564		16.087715		41,249		0.92%		2.30%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	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)
2015		0.00%		3,968	$	37.311330	$	148,051		0.85%		-5.90%
2015		0.50%		36,075		35.021459		1,263,399		0.85%		-6.37%
2015		0.80%		4,543		33.715552		153,170		0.85%		-6.65%
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%
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
2015		0.00%		3,609		11.164569		40,293		0.00%		6.61%
2015		0.50%		68,736		10.323152		709,572		0.00%		6.07%
2015		0.80%		20,717		9.849020		204,042		0.00%		5.76%
2015		1.00%		25,537		8.450352		215,797		0.00%		5.55%
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%
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
2015		0.00%		2,090		10.218354		21,356		5.75%		-2.26%
2015		0.50%		16,292		10.057176		163,852		5.75%		-2.75%
2015		0.80%		2,725		9.961625		27,145		5.75%		-3.04%
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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
All Asset Portfolio - Administrative Class (PMVAAA)
2015		0.50%		19,619	$	9.652156	$	189,366		3.46%		-9.44%
2015		0.80%		2,205		9.546539		21,050		3.46%		-9.71%
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)
2015		0.50%		1,195		5.474462		6,542		5.56%		-26.08%
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
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
2015		0.50%		24,645		11.598080		285,835		1.52%		-7.55%
2015		0.80%		395		11.366789		4,490		1.52%		-7.83%
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%
Low Duration Portfolio - Administrative Class (PMVLDA)
2015		0.00%		29,449		12.575667		370,341		3.42%		0.31%
2015		0.50%		89,541		12.162088		1,089,006		3.42%		-0.19%
2015		0.80%		8,205		11.919542		97,800		3.42%		-0.49%
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%
Total Return Portfolio - Administrative Class (PMVTRA)
2015		0.50%		86,402		11.111948		960,095		5.07%		-0.07%
2015		0.80%		2,404		10.956210		26,339		5.07%		-0.37%
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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VT Growth & Income Fund: Class IB (PVGIB)
2015		0.00%		344	$	22.730794	$	7,819		2.83%		-7.53%
2015		0.50%		3,052		21.335597		65,116		2.83%		-7.99%
2015		0.80%		927		20.539923		19,041		2.83%		-8.26%
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%
VT International Equity Fund: Class IB (PVTIGB)
2015		0.00%		995		21.491137		21,384		1.15%		0.14%
2015		0.50%		9,233		20.171936		186,247		1.15%		-0.36%
2015		0.80%		1,704		19.419607		33,091		1.15%		-0.66%
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%
VT Voyager Fund: Class IB (PVTVB)
2015		0.00%		313		25.358465		7,937		1.09%		-6.11%
2015		0.50%		21,675		23.802033		515,909		1.09%		-6.58%
2015		0.80%		1,426		22.914372		32,676		1.09%		-6.86%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VI American Franchise Fund - Series I Shares (ACEG)
2015		0.00%		2,858	$	15.558361	$	44,466		0.00%		5.01%
2015		0.50%		910		15.274958		13,900		0.00%		4.48%
2015		0.80%		550		15.107367		8,309		0.00%		4.17%
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)
2015		0.00%		202		19.711771		3,982		2.58%		-10.40%
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%
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
2015		0.50%		66		12.752183		842		0.10%		-4.51%
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)
2015		0.50%		4,756		10.513528		50,002		0.48%		1.34%
2015		0.80%		39		10.429711		407		0.48%		1.04%
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
Health Sciences Portfolio - II (TRHS2)
2015		0.00%		16,283		34.165533		556,317		0.00%		12.47%
2015		0.50%		155,869		33.212254		5,176,761		0.00%		11.91%
2015		0.80%		16,049		32.653058		524,049		0.00%		11.57%
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%
Limited-Term Bond Portfolio - II (TRLT2)
2015		0.00%		4,821		12.895459		62,169		0.92%		0.06%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)
2015		0.00%		3,374	$	20.647939	$	69,666		6.78%		-13.09%
2015		0.50%		18,368		26.073834		478,924		6.78%		-13.52%
2015		0.80%		6,197		22.732631		140,874		6.78%		-13.78%
2015		1.00%		21,614		16.353825		353,472		6.78%		-13.95%
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%
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
2015		0.00%		14,381		28.228045		405,948		0.58%		-13.99%
2015		0.50%		120,838		25.525784		3,084,485		0.58%		-14.42%
2015		0.80%		14,479		24.242135		351,002		0.58%		-14.68%
2015		1.00%		7,115		27.268729		194,017		0.58%		-14.85%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
2015		0.00%		12,537	$	22.284810	$	279,385		0.03%		-33.45%
2015		0.50%		75,634		30.093846		2,276,118		0.03%		-33.78%
2015		0.80%		9,399		34.803749		327,120		0.03%		-33.98%
2015		1.00%		14,896		21.305167		317,362		0.03%		-34.11%
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%
Variable Insurance Portfolios - Asset Strategy (WRASP)
2015		0.00%		9,375		15.624397		146,479		0.37%		-8.35%
2015		0.50%		118,444		15.112112		1,789,939		0.37%		-8.80%
2015		0.80%		13,796		14.812786		204,357		0.37%		-9.08%
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%
Variable Insurance Portfolios - High Income (WRHIP)
2015		0.50%		48,961		11.277210		552,143		8.06%		-6.97%
2015		0.80%		4,840		11.153855		53,985		8.06%		-7.25%
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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
2015		0.50%		21,261	$	13.168901	$	279,984		0.00%		-6.25%
2015		0.80%		1,492		13.024842		19,433		0.00%		-6.53%
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)
2015		0.00%		3,547		51.712010		183,422		0.00%		-1.46%
2015		1.00%		17,415		32.154709		559,974		0.00%		-2.44%
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%
Advantage VT Opportunity Fund - Class 2 (SVOF)
2015		0.00%		10,160		54.329888		551,992		0.13%		-3.08%
2015		0.50%		404		97.792605		39,508		0.13%		-3.57%
2015		0.80%		131		93.518492		12,251		0.13%		-3.86%
2015		1.00%		39,214		21.305415		835,471		0.13%		-4.05%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
2015		0.00%		1,066	$	24.657341	$	26,285		0.00%		-2.88%
2015		0.50%		14,408		23.849029		343,617		0.00%		-3.37%
2015		0.80%		1,872		23.376783		43,761		0.00%		-3.66%
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%
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%
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%
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%
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%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
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%
Investors Growth Stock Series - Initial Class (obsolete) (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%
VIP High Income Portfolio - Initial Class R (obsolete) (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%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
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%
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%
VIP Overseas Portfolio - Service Class R (obsolete) (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%
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%
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%
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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
NVIT Multi-Manager International Growth Fund - Class III (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%
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%
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%
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%
VP International Fund - Class III (obsolete) (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%
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%
Balanced Portfolio - I Class Shares (obsolete) (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%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS December 31, 2015

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***		Inception Date****
Growth Portfolio - I Class Shares (obsolete) (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%
Small-Cap Growth Portfolio - S Class Shares (obsolete) (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%
2015		Contract owners equity:							$	600,557,383
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

* 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.