REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | File No. 033-42180 |
Pre-Effective Amendment No. | □ |
Post-Effective Amendment No. 46 | ☑ |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | File No. 811-05311 |
Amendment No. 71 | ☑ |
The policy is NOT: insured by the Federal Deposit Insurance Corporation; a bank deposit; available in every state; or insured or endorsed by a bank or any federal government agency. |
The policy may decrease in value to the point of being valueless because of poor Investment Experience. |
Nationwide offers a variety of variable universal life policies. Despite offering substantially similar features and investment options, certain policies may have lower overall charges than others including the policy described herein. These differences in charges may be attributable to differences in sales and related expenses incurred in one distribution channel versus another. |
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• | change the death benefit option; |
• | increase or decrease the Base Policy Specified Amount and/or Rider Specified Amount; |
• | change beneficiaries; and |
• | change ownership of the policy. |
• | take a policy loan, see Policy Loans. |
• | take a partial surrender, see Partial Surrender. |
• | surrender the policy for its Cash Surrender Value at any time while the policy is In Force, see Full Surrender. |
• | Accidental Death Benefit Rider |
• | Base Insured Term Rider |
• | Change of Insured Rider |
• | Children's Insurance Rider |
• | Guaranteed Minimum Death Benefit Rider |
• | Spouse Life Insurance Rider |
• | Waiver of Monthly Deductions Rider |
Transaction Fees | |||||
Charge | When Charge Is Deducted | Amount Deducted | |||
Sales Load1 | Upon making a Premium payment | Maximum
$25 from each $1,000 of Premium |
Current
$25 from each $1,000 of Premium | ||
Premium Taxes1 | Upon making a Premium payment | $35 per $1,000 of Premium | |||
Surrender
Charges2 † Representative – An age 35 male; non-tobacco preferred; Base Policy Specified Amount and Total Specified Amount of $250,000; Death Benefit Option 1 |
Upon surrender or policy Lapse | Minimum
$357 |
Maximum
$19,298 |
Representative
$1,704 | |
From the Policy's available Cash Value | |||||
Illustration Charge3 | Upon requesting an illustration | Maximum
$25 |
Current
$0 |
Transaction Fees | |||||
Charge | When Charge Is Deducted | Amount Deducted | |||
Partial Surrender Fee | Upon a partial surrender | Maximum
the lesser of $25 or 2% of the surrendered amount |
Current
$0 | ||
Short-Term Trading Fee4 | Upon transfer of Sub-Account value out of a Sub-Account within 60 days after allocation to that Sub-Account | 1% of the amount transferred from the Sub-Account within 60 days of allocation to that Sub-Account |
† | This charge will vary based upon the individual characteristics of the Insured. Representative charges shown in the table may not be representative of the charge that a particular policy owner will pay. Policy owners can request an illustration of specific costs and/or see the Policy Data Pages for information about specific charges of the policy. |
1 | The maximum Sales Load and the Premium Taxes charge (collectively "Premium Load") represent the maximums that may be charged in any policy year, see Premium Load. Currently, the sales load is reduced to $5 per $1,000 of Premium payment on any portion of the annual Premium in excess of the break point Premium, as shown on the Policy Data Page. |
2 | The charge calculations shown assume an aggregate first year Premium in excess of the surrender target premium. The surrender target premium is an assumed Premium payment amount used in calculating the surrender charge. The surrender charge is based on the lesser of the surrender target premium and the Premiums paid in the first year from the Policy Date. The surrender target premium varies by: the Insured's sex; age (when the policy was issued); underwriting class and the Base Policy Specified Amount (and any increases). The maximum Surrender Charge calculation assumes: a female age 18; non-tobacco; Base Policy Specified Amount and Total Specified Amount $500,000; Death Benefit Option 1; and a full surrender occurring in the first year from the Policy Date. The minimum charge calculation assumes: a male age 75 or older; tobacco; Base Policy Specified Amount and Total Specified Amount $500,000; Death Benefit Option 1; and a full surrender occurring in the first year from the Policy Date. |
3 | The policy owner will be expected to pay the Illustration Charge at the time of the request. This charge will not be deducted from Cash Value. |
4 | Short-term trading fees are only assessed in connection with Sub-Accounts that correspond to underlying mutual funds that assess a short-term trading fee to the variable account, see Short-Term Trading Fees. |
Periodic Charges | |||||
Charge | When Charge Is Deducted | Amount Deducted From Cash Values | |||
Cost
Of Insurance Charge† Representative - An age 35 male; non-tobacco preferred; Bae Policy Specified Amount and Total Specified Amount of $250,000; Death Benefit Option 1 |
Monthly | Minimum
$.05 |
Maximum
$83.33 |
Representative
$0.11 | |
Per
$1,000 of Net Amount At Risk - From the Policy's available Cash Value | |||||
Flat Extra Charge1 | Monthly | Maximum
$2.08 per $1,000 of Net Amount At Risk for each Flat Extra assessed | |||
Mortality And Expense Risk Charge2 | Daily based on annualized rate | Maximum
$8.00 per $1,000 of Cash Value allocated to Sub-Accounts | |||
Proportionately from the Sub-Accounts |
Periodic Charges | |||||
Charge | When Charge Is Deducted | Amount Deducted From Cash Values | |||
Administrative Charge3 | Monthly | Maximum
$25 |
Current
$12.50 | ||
From the Policy's available Cash Value | |||||
Increase Charge4 | Monthly | Maximum
$0.17 per $1,000 of Base Policy Specified Amount increase | |||
From the Policy's available Cash Value | |||||
Policy Loan Interest5 | Annually | Current
and Maximum: $60 per $1,000 of outstanding policy loan |
† | This charge will vary based upon the individual characteristics of the Insured. Representative charges shown in the table may not be representative of the charge that a particular policy owner will pay. Policy owners can request an illustration of specific costs and/or see the Policy Data Pages for information about specific charges of the policy. |
1 | The Flat Extra Charge is only applicable if certain factors result in an Insured having a Substandard Rating. Under no circumstance will the assessment of a Flat Extra Charge result in the Cost of Insurance Charge exceeding the maximum Cost of Insurance Charge, see Cost of Insurance. |
2 | After the ninth policy year, the Mortality and Expense Risk Charge continues to be $8.00 per $1,000 of variable Cash Value on the first $25,000 of Cash Value, but only $5.00 per $1,000 on additional variable Cash Value. For policies issued in New York, the charge is reduced regardless of the Cash Value. |
3 | After the first policy year the monthly maximum Administrative Charge is $7.50, and the current amount deducted on a monthly basis is $5. |
4 | The increase charge will be deducted upon a request to increase the Base Policy Specified Amount and on a monthly basis for 12 months after the increase. |
5 | Interest is charged on the amount of an outstanding loan, but interest is also credited on amounts in the policy loan account, see Policy Loans. During years two through 14 from the Policy Date, the current interest crediting rate is 5.1%. Thereafter, the current interest crediting rate is 6.0% per annum for all loans (guaranteed minimum of 4.0%). |
Periodic Charges For Riders | ||||
Charge | When Optional Charge Is Deducted | Amount Deducted From Cash Value | ||
Accidental
Death Benefit Rider† Representative - An age 35 male; non-tobacco preferred; Accidental Death Benefit of $100,000 |
Monthly | Minimum
$0.05 |
Maximum
$0.75 |
Representative
$0.06 |
Per
$1,000 of Accidental Death Benefit - From the Policy's available Cash Value | ||||
Base
Insured Term Rider† Representative - An age 35 male; non-tobacco preferred; Base Policy Specified Amount $250,000; and Additional Death Benefit $250,000 |
Monthly | Minimum
$0.02 |
Maximum
$83.33 |
Representative
$0.03 |
Per
$1,000 of additional protection - From the Policy's available Cash Value |
Periodic Charges For Riders | ||||
Charge | When Optional Charge Is Deducted | Amount Deducted From Cash Value | ||
Children's Insurance Rider | Monthly | Maximum
$0.43 Per $1,000 of Children’s Insurance Rider Specified Amount | ||
From the Policy's available Cash Value | ||||
Guaranteed Minimum Death Benefit Rider1 | Monthly | Maximum
$0.01 Per $1,000 of Guaranteed Minimum Death Benefit Rider Specified Amount | ||
From the Policy's available Cash Value | ||||
Spouse
Life Insurance Rider† Representative Spouse - An age 35 female; non-tobacco; Spouse Life Insurance Rider Specified Amount $100,000 |
Monthly | Minimum
$0.10 |
Maximum
$10.23 |
Representative
$0.15 |
Per
$1,000 of Spouse Death Benefit - From the Policy's available Cash Value | ||||
Waiver
of Monthly Deductions Rider† Representative - An age 35 male; non-tobacco preferred; Total Specified Amount $250,000; and Death Benefit Option 1 |
Monthly | Minimum
$85 |
Maximum
$855 |
Representative
$85 |
Per
$1,000 of Deduction Waiver Benefit - From the Policy's available Cash Value |
† | This charge will vary based upon the individual characteristics of the Insured. Representative charges shown in the table may not be representative of the charge that a particular policy owner will pay. Policy owners can request an illustration of specific costs and/or see the Policy Data Pages for information about specific charges of the policy. |
1 | The charge for this Rider is not assessed during the first three policy years. |
Total Annual Mutual Fund Operating Expenses | |||||
Minimum | Maximum | ||||
Total
Annual Mutual Fund Operating Expenses (expenses that are deducted from the mutual fund assets, including management fees, distribution (12b-1) fees, and other expenses) |
0.13% | 3.08% |
(1) | trading on the NYSE is restricted; |
(2) | an emergency exists making disposal or valuation of securities held in the separate account impracticable; or |
(3) | the SEC, by order, permits a suspension or postponement for the protection of security holders. |
(a) | is the sum of: |
• | the NAV per share of the mutual fund held in the Sub-Account as of the end of the current Valuation Period; and |
• | the per share amount of any dividend or income distributions made by the mutual fund held in the Sub-Account (if the date of the dividend or income distribution occurs during the current Valuation Period); plus or minus |
• | a per share charge or credit for any taxes reserved for as a result of the Sub-Account's investment operations if changes to the law result in a modification to the tax treatment of the separate account; and |
(b) | is the NAV per share of the mutual fund held in the Sub-Account determined as of the end of the immediately preceding Valuation Period; and |
(c) | is a factor representing the daily mortality and expense risk charge. |
• | the dilution of the value of the investors' interests in the mutual fund; |
• | mutual fund managers taking actions that negatively impact performance (i.e., keeping a larger portion of the mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or |
• | increased administrative costs due to frequent purchases and redemptions. |
Trading Behavior | Nationwide's Response |
Six or more transfer events in one calendar quarter | Nationwide
will mail a letter to the policy owner notifying them that:(1) they have been identified as engaging in harmful trading practices; and(2) if their transfer events exceed 11 in
two consecutive calendar quarters or 20 in one calendar year, the policy owner will be limited to submitting transfer requests via U.S. mail. |
More
than 11 transfer events in two consecutive calendar quarters OR More than 20 transfer events in one calendar year |
Nationwide will automatically limit the policy owner to submitting transfer requests via U.S. mail. |
(1) | request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any policy owner; |
(2) | request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and |
(3) | instruct Nationwide to restrict or prohibit further purchases or exchanges by policy owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide’s policies). |
• | Transfers to and/or from may be prohibited during the first policy year |
• | Only one transfer to and/or from may be permitted every 12 months |
• | Transfers to that exceed 25% of the value allocated to the Sub-Accounts (as of the end of the prior Valuation Period) may not be permitted |
• | Transfers to that would result in the Fixed Account value exceeding 30% of the total Cash Value may not be permitted. |
• | Transfers from, of more than 25% of the Fixed Account value in any policy year (as of the end of the previous policy year), may not be permitted. |
• | by telephone at 1-800-848-6331 (TDD 1-800-238-3035) |
• | by mail to Nationwide Life Insurance Company, P.O. Box 182835, Columbus, Ohio 43218-2835 |
• | by fax at 1-888-634-4472 |
• | by Internet at www.nationwide.com. |
• | changing the policy owner, contingent owner, and beneficiary; |
• | assigning, exchanging, and/or converting the policy; |
• | requesting transfers, policy loans, and partial surrenders or a complete surrender; and |
• | changing insurance coverage such as death benefit option changes, adding or removing Riders, and/or increasing or decreasing the Total Specified Amount. |
• | During the first three policy years, the total Premium payments, less any outstanding Indebtedness, less any partial surrender fee, must be greater than or equal to the minimum Premium requirement in order to guarantee that the policy will remain In Force. |
• | After the first three policy years, each Premium payment must be at least equal to the minimum monthly Premium. |
• | Nationwide may require satisfactory evidence of insurability before accepting any additional Premium payment that results in an increase in the policy's Net Amount At Risk. |
• | Nationwide will refund Premium payments that exceed the applicable premium limit established by the IRS to qualify the policy as a contract for life insurance. |
• | Nationwide may require that outstanding Indebtedness be repaid prior to accepting any additional Premium payments, see Lapse. |
• | Nationwide will send scheduled Premium payment reminder notices to you according to the Premium payment method shown on the Policy Data Page. Subsequent Premium payments must be sent to the Service Center, see Contacting the Service Center. |
• | the value of the Accumulation Units allocated to the Sub-Accounts, see Valuation of Accumulation Units; |
• | amounts allocated to the Fixed Account, including credited interest; and |
• | amounts allocated to the policy loan account (only if a loan was taken), including credited interest, see Policy Loans. |
• | the Total Specified Amount; |
• | minimum monthly Premiums; |
• | Premiums paid; |
• | all charges since the last report; |
• | the current Cash Value; |
• | the Cash Surrender Value; and |
• | Indebtedness. |
• | scheduled and systematic transfers, such as those associated with dollar cost averaging programs and asset rebalancing programs (if available); |
• | policy loans; |
• | full or partial surrenders; or |
• | payment of the Proceeds. |
Issue Age | Male Non-Tobacco | Female Non-Tobacco | Male Standard | Female Standard | ||||
25 | $ 7.776 | $ 7.521 | $ 8.369 | $ 7.818 | ||||
35 | $ 8.817 | $ 8.398 | $ 9.811 | $ 8.891 | ||||
45 | $12.191 | $11.396 | $13.887 | $12.169 | ||||
55 | $15.636 | $14.011 | $18.415 | $15.116 | ||||
65 | $22.295 | $19.086 | $26.577 | $20.641 |
Issue Age | Male Non-Tobacco | Female Non-Tobacco | Male Standard | Female Standard | ||||
25 | $ 5.776 | $ 5.521 | $ 6.369 | $ 5.818 | ||||
35 | $ 6.817 | $ 6.398 | $ 7.811 | $ 6.891 | ||||
45 | $ 9.691 | $ 8.896 | $11.387 | $ 9.669 | ||||
55 | $13.136 | $11.511 | $15.915 | $12.616 | ||||
65 | $21.295 | $18.086 | $25.577 | $19.641 |
Policy
year calculated from the Policy Date or effective date of Base Policy Specified Amount increase: |
Surrender
Charge as a Percentage of Initial Surrender Charge | |
0 |
100% | |
1 |
100% | |
2 |
90% | |
3 |
80% | |
4 |
70% | |
5 |
60% | |
6 |
50% | |
7 |
40% | |
8 |
30% | |
9 and
After |
0% |
• | the exchange and waiver may be subject to new, satisfactory evidence of insurability and Nationwide’s underwriting approval; and |
• | the Waiver of Monthly Deductions Rider has not been invoked. |
• | Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets; |
• | Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and |
• | Payments by an underlying mutual fund's advisor or subadvisor (or its affiliates). Such payments may be derived, in whole or in part, from the advisory fee, which is deducted from underlying mutual fund assets and is reflected in mutual fund charges. |
(1) | At the time of the change, the new Insured must have the same business relationship to the policy owner as did the previous Insured. |
(2) | The new Insured may be required to submit satisfactory evidence of insurability. |
(3) | The new Insured must satisfy Nationwide’s underwriting requirements. |
(4) | The policy must be In Force and not be in a Grace Period at the time of the change. |
(5) | The new Insured must have been at least age 18 on the Policy Date. |
(6) | The policy owner must make written application to change the Insured to the Service Center. |
• | the Insured must be between Attained Age 21 and 59 (this Rider is no longer available on or after the policy anniversary on which the Insured reaches Attained Age 59); and |
• | the Insured Spouse must be between Attained Age 18 and 69 at the time this Rider is elected. |
• | Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I |
• | Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I |
• | Nationwide Variable Insurance Trust - NVIT Money Market Fund: Class I |
(1) | Payment type: |
(a) | Fixed Amount: If a policy owner elected payments of a fixed amount, the amount received will not vary with policy Investment Experience; however, the length of time the elected payment amount can be sustained will vary based on the illustration assumptions below and the policy's Investment Experience; or |
(b) | Fixed Duration: If a policy owner elected payments for a fixed duration, the amount received during the first year will be based on the illustration assumptions below. After the first year, the amount will vary based on the illustration assumptions and policy Investment Experience to maintain the elected duration. |
(2) | Illustration assumptions: |
(a) | an assumed variable rate of return specified by the policy owner from the available options stated in the election form; |
(b) | minimum Cash Surrender Value targeted by the policy owner to have remaining on the policy's Maturity Date, or other date specified by the policy owner. This dollar amount is used to calculate available income. It is not guaranteed to be the Cash Surrender Value on the specified date; |
(c) | a policy owner may also request a change of death benefit option, or a decrease in Base Policy Specified Amount to be effective in conjunction with commencing a program or to occur at a future date; and |
(d) | payment frequency: monthly; quarterly; semi-annually; or annually. Payments on a monthly basis are made by direct deposit (electronic funds transfer) only. |
(1) | To prevent adverse tax consequences, a policy owner can authorize Nationwide to make scheduled payments via policy loan when: |
(a) | the policy's cost basis is reduced to zero; |
(b) | a partial surrender within the first 15 policy years would be a taxable event; |
(c) | or to prevent the policy from becoming a MEC, see Taxes. |
Note: Partial surrenders and policy loans taken under the Automated Income Monitor program are subject to the same terms and conditions as other partial surrenders and policy loans, see Partial Surrender and Policy Loans. |
(2) | While a program is in effect, no Premium payment reminder notices will be sent; however, Premium payments will be accepted. |
(3) | Programs will terminate on the earliest of the following: |
(a) | Nationwide’s receipt at the Service Center of a written request to terminate participation; |
(b) | at the time the policy enters a Grace Period or terminates for any reason; |
(c) | at the time of a requested partial surrender or policy loan outside the program; |
(d) | upon a change of policy owner; |
(e) | for income based on a fixed duration, the end of the period the policy owner specified at the time of election; |
(f) | on any policy anniversary when the current Cash Surrender Value is less than or equal to the target Cash Surrender Value assumption the policy owner specified; |
(g) | at any time the scheduled partial surrender or policy loan would cause the policy to fail to qualify as life insurance under Section 7702 of the Code; or |
(h) | the policy's Maturity Date. |
• | Annually, at the end of a policy year; |
• | At the time a new loan is requested; |
• | When a loan repayment is made; |
• | Upon the Insured's death; |
• | Upon policy Lapse and/or; |
• | Upon a full surrender of the policy. |
1) | is the sum of all Premiums paid to date minus any Indebtedness, minus any partial surrenders; and |
2) | is the sum of monthly Premiums required since the Policy Date, including the monthly minimum Premium for the current monthly anniversary date. |
• | Submitting a written request at any time within three years after the end of the Grace Period and prior to the Maturity Date; and |
• | Providing further satisfactory evidence of insurability that Nationwide may require; and |
❍ | Paying an amount of Premium equal to the minimum monthly Premiums missed since the beginning of the Grace Period, if the policy terminated in the first three policy years; or |
❍ | Paying sufficient Premium to cover all policy charges that were due and unpaid during the Grace Period if the policy terminated in the fourth or later policy year; and |
• | Paying sufficient Premium to keep the policy In Force for three months from the date of reinstatement; and |
• | Paying or reinstating any Indebtedness against the policy which existed at the end of the Grace Period. |
• | The Cash Value at the end of the Grace Period; or |
• | The surrender charge for the year from the Policy Date in which the policy was reinstated. |
(1) | The minimum amount of any partial surrender is $500; |
(2) | Partial surrenders may not reduce the Base Policy Specified Amount to less than $50,000; |
(3) | After a partial surrender, the Cash Surrender Value is greater than $500 or an amount equal to three times the current monthly deduction if higher; |
(4) | Maximum total partial surrenders in any policy year are limited to 10% of the total net Premium payments applied to the policy. Currently, this requirement is waived beginning in the 15th year if the Cash Surrender Value is $10,000 or more after the withdrawal; and |
(5) | After the partial surrender, the policy continues to qualify as life insurance under Section 7702 of the Code. |
• | against the most recent increase in the Base Policy Specified Amount; |
• | against the next most recent increases in the Base Policy Specified Amount in succession; and |
• | against the Base Policy Specified Amount under the original application. |
(1) | 250% when the Insured is Attained Age 40 or less at the beginning of a policy year; and |
(2) | When the Insured is above Attained Age 40, the percentage shown in the "Applicable Percentage of Cash Value Table". |
• | the cash value accumulation test; or |
• | the guideline premium/cash value corridor test. |
• | The cash value accumulation test generally allows flexibility to pay more Premium, subject to Nationwide's approval of any increase in the policy's Net Amount At Risk that would result from higher Premium payments. Premium payments under the guideline premium/cash value corridor test are limited by Section 7702 of the Code. |
• | Generally, the guideline premium/cash value corridor test produces a higher Death Benefit in the early years of the policy while the cash value accumulation test produces a higher Death Benefit in the policy's later years. |
• | Monthly cost of insurance charges that vary with the amount of the Death Benefit may be greater during the years when the elected test produces a higher Death Benefit. |
(1) | no changes to the Base Policy Specified Amount will be allowed; |
(2) | no additional Premium payments will be allowed; |
(3) | 100% of the Cash Value will be transferred to the fixed account; |
(4) | your policy's Death Benefit will become the Cash Value, irrespective of your previous death benefit option choice; |
(5) | no additional monthly periodic charges will be deducted; and |
(6) | loan interest will continue to be charged on Indebtedness. |
• | the value each year of the life insurance protection provided; |
• | an amount equal to any employer-paid Premiums; |
• | some or all of the amount by which the current value exceeds the employer's interest in the policy; and/or |
• | interest that is deemed to have been forgiven on a loan that Nationwide deems to have been made by the employer. |
• | remove, close, combine, or add Sub-Accounts and make new Sub-Accounts available; |
• | substitute shares of another mutual fund, which may have different fees and expenses, for shares of an existing mutual fund; |
• | transfer assets supporting the policies from one Sub-Account to another, or from one separate account to another; |
• | combine the separate account with other separate accounts, and/or create new separate accounts; |
• | deregister the separate account under the 1940 Act, or operate the separate account or any Sub-Account as a management investment company under the 1940 Act or as any other form permitted by law; and |
• | modify the policy provisions to reflect changes in the Sub-Accounts and the separate account to comply with applicable law. |
(1) | shares of a current underlying mutual fund are no longer available for investment; or |
(2) | further investment in an underlying mutual fund is inappropriate. |
Designations Key: | |
STTF: | The underlying mutual fund corresponding to this Sub-Account assesses (or reserves the right to assess) a short-term trading fee, see Short-Term Trading Fees. |
FF: | The underlying mutual fund corresponding to this Sub-Account primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to the prospectus for this underlying mutual fund for more information. |
VOL: | This underlying mutual fund uses a volatility management strategy to reduce a policy owner’s exposure to equity investments when equity markets are volatile which may limit investment losses in a down market. However, use of such a strategy may also limit the growth of the policy’s Cash Value. Allocation to this type of investment option may result in foregone investment gains that could otherwise be realized by investing in riskier investment options. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | To maximize total return consistent with the Adviser’s determination of reasonable risk. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | AllianceBernstein L.P. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Long-term total return using a strategy that seeks to protect against U.S. inflation. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Long-term capital growth and income. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Capital growth by investing in common stocks. Income is a secondary objective. |
Investment Advisor: | American Century Investment Management, Inc. |
Investment Objective: | Long-term capital growth with income as a secondary objective. |
Investment Advisor: | BlackRock Advisors, LLC |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | Seek high total investment return. |
Investment Advisor: | Delaware Management Company, Inc. |
Investment Objective: | The fund seeks capital appreciation. |
Investment Advisor: | Deutsche Investment Management Americas Inc. |
Investment Objective: | The fund seeks to maximize income while maintaining prospects for capital appreciation. |
Investment Advisor: | Dimensional Fund Advisors LP |
Investment Objective: | To provide inflation protection and earn current income consistent with inflation-protected securities. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | To match performance of the S&P SmallCap 600 Index®. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | Capital growth with current income as a secondary goal. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | To match performance of the S&P 500. |
Investment Advisor: | The Dreyfus Corporation |
Sub-advisor: | Fayez Sarofim & Co. |
Investment Objective: | The fund seeks long-term capital growth consistent with the preservation of capital. Its secondary goal is current income. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | Long-term capital growth, current income and growth of income consistent with reasonable investment risk. |
Investment Advisor: | The Dreyfus Corporation |
Investment Objective: | The fund seeks capital growth. |
Investment Advisor: | Federated Global Investment Management Corp. |
Sub-advisor: | Federated Global Investment Management Corp., Federated Investment Management Company, Federated Equity Management Company of Pennsylvania |
Investment Objective: | To create an allocation mix which will maximize return while capturing the benefits of asset class diversification in periods of market volatility. |
Investment Advisor: | Federated Investment Management Company |
Investment Objective: | Current income. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Strategic Advisers Inc. Boston MA |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | High total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Money Management, Inc., Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | High total return. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Reasonable income. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited, Fidelity Investments Japan Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | High level of current income while also considering growth of capital. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | Fidelity Investments Money Management, Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | High level of current income. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | Fidelity Research & Analysis Company |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited, Fidelity Investments Japan Limited |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Fidelity Management & Research Company |
Sub-advisor: | FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.) Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Franklin Templeton Services, LLC |
Investment Objective: | Capital appreciation with income as a secondary goal. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | Maximum income while maintaining prospects for capital appreciation. |
Investment Advisor: | Franklin Advisory Services, LLC |
Investment Objective: | Long-term capital appreciation, with preservation of capital as an important consideration. |
Investment Advisor: | Franklin Advisory Services, LLC |
Investment Objective: | Long-term total return. |
Investment Advisor: | Templeton Asset Management, Ltd. |
Investment Objective: | Long-term capital appreciation. |
Investment Advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | Long-term capital growth. |
Investment Advisor: | Franklin Advisers, Inc. |
Investment Objective: | High current income, consistent with preservation of capital, with capital appreciation as a secondary consideration. |
Investment Advisor: | Goldman Sachs Asset Management, L.P. |
Investment Objective: | Seeks to achieve investment results that approximate the performance of the GS Global Markets Navigator Index (the "Index"). |
Investment Advisor: | Guggenheim Investments |
Investment Objective: | Capital appreciation consistent with the return and risk characteristics of the hedge fund universe and, secondarily, to achieve these returns with low correlation to and less volatility than equity indices. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Seeks capital growth. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Total return with a low to moderate correlation to traditional financial market indices. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Invesco Advisers, Inc. |
Investment Objective: | Capital growth. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide total return. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide total return through a combination of high current income and capital appreciation. |
Investment Advisor: | Waddell & Reed Investment Management Company |
Investment Objective: | To seek to provide growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term capital growth, consistent with preservation of capital and balanced by current income. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Janus Capital Management LLC |
Investment Objective: | Long-term growth of capital. |
Investment Advisor: | Lord, Abbett & Co. LLC |
Investment Objective: | The Fund’s investment objective is to seek income and capital appreciation to produce a high total return. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Massachusetts Financial Services Company |
Investment Objective: | To seek capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | American Century Investment Management, Inc. |
Investment Objective: | The Fund seeks capital appreciation, and secondarily current income. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | The fund seeks to provide high total return (including income and capital gains) consistent with preservation of capital over the long term. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | The Fund seeks to maximize an investors level of current income and preserve the investor's capital. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | The Fund is designed for investors seeking capital appreciation through stocks. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | The Fund is designed for investors seeking capital appreciation principally through investment in stocks. |
Investment Advisor: | Capital Research and Management Company |
Investment Objective: | The fund seeks to achieve long-term growth of capital and income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Federated Investment Management Company |
Investment Objective: | The Fund seeks to provide high current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Invesco Advisers, Inc. |
Investment Objective: | The Fund’s investment objective is to seek capital growth and income through investments in equity securities, including common stocks, preferred stocks, and convertible securities. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | LWI Financial Inc. |
Investment Objective: | To provide growth of capital, and secondarily current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | LWI Financial Inc. |
Investment Objective: | Seeks a high level of total return consistent with a moderate level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Management LLC |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Management LLC |
Investment Objective: | The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the fund's financial criteria and social policy. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Barclays U.S. Aggregate Bond Index ("Aggregate Bond Index") as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Aggressive Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return through investment in both equity and fixed income securities. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | Seeks a high level of total return through investment in both equity and fixed-income securities, consistent with preservation of capital |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | Seeks growth primarily and investment income secondarily. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Cardinal Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The fund seeks a high level of total return consistent with a moderately conservative level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The Fund seeks a high level of current income consistent with preserving capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Fixed Income LLC |
Investment Objective: | The fund seeks long-term total return consistent with reasonable risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Lazard Asset Management, LLC and Standard Life Investments |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies located in emerging market countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The fund seeks as high level of income as is consistent with the preserving of capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Lazard Asset Management LLC |
Investment Objective: | The Fund seeks long-term capital growth by investing primarily in equity securities of companies in Europe, Australasia, the Far East and other regions, including developing countries. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Morgan Stanley Capital International Europe, Australasia and Far East Index ("MSCI EAFE® Index") as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Morgan Stanley Capital International Europe, Australasia and Far East Index ("MSCI EAFE® Index") as closely as possible before the deduction of Fund expenses. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Aggressive Fund seeks maximum growth of capital consistent with a more aggressive level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Balanced Fund seeks a high level of total return through investment in both equity and fixed-income securities. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Capital Appreciation Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other NVIT Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Conservative Fund seeks a high level of total return consistent with a conservative level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | Seeks a high level of total return through investment in both equity and fixed-income securities, consistent with preservation of capital. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | Seeks growth primarily and investment income secondarily. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Moderate Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Moderately Aggressive Fund seeks growth of capital, but also seeks income consistent with a moderately aggressive level of risk as compared to other Investor Destinations Funds. |
Investment Advisor: | Nationwide Fund Advisors |
Investment Objective: | The NVIT Investor Destinations Moderately Conservative Fund seeks a high level of total return consistent with a moderately conservative level of risk. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Boston Advisors, LLC |
Investment Objective: | The Fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Federated Investment Management Company |
Investment Objective: | The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Logan Circle Partners, L.P. |
Investment Objective: | The Fund seeks to provide above average total return over a market cycle of three to five years. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Invesco Advisers, Inc. and American Century Investment Management, Inc. |
Investment Objective: | The Fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Dimensional Fund Advisors LP; JPMorgan Investment Management Inc. |
Investment Objective: | The Fund seeks long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Massachusetts Financial Services Company; Smith Asset Management Group; and Winslow Capital Management, LLC |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Massachusetts Financial Services Company; Wellington Management Company, LLP; The Boston Company Asset Management, LLC |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Neuberger Berman Management LLC; Wells Capital Management, Inc. |
Investment Objective: | The fund seeks long-term capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | American Century Investment Management, Inc.; Thompson, Siegel & Walmsley LLC; WEDGE Capital Management L.L.P. |
Investment Objective: | The fund seeks long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | OppenheimerFunds, Inc.; Wellington Management Company, LLP |
Investment Objective: | The Fund seeks capital growth. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Epoch Investment Partners, Inc.; JPMorgan Investment Management Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Jacobs Levy Equity Management, Morgan Stanley Investment Management Inc; OppenheimerFunds, Inc.; Putnam Investment Management, LLC |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | HighMark Capital Management, Inc. |
Investment Objective: | The Fund seeks total return through a flexible combination of capital appreciation and current income. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Brookfield Investment Management, Inc. |
Investment Objective: | The Fund seeks current income and long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | Long-term capital appreciation. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Nationwide Asset Management, LLC |
Investment Objective: | The Fund seeks to provide a high level of current income while preserving capital and minimizing fluctuations in share value. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | BlackRock Investment Management, LLC |
Investment Objective: | The Fund seeks to match the performance of the Russell 2000® Index. |
Investment Advisor: | Nationwide Fund Advisors |
Sub-advisor: | Templeton Investment Counsel, LLC |
Investment Objective: | The Fund seeks to maximize total return consisting of capital appreciation and/or current income. |
Investment Advisor: | Neuberger Berman Management LLC |
Sub-advisor: | Neuberger Berman, LLC |
Investment Objective: | The Fund seeks growth of capital. |
Investment Advisor: | Neuberger Berman Management LLC |
Sub-advisor: | Neuberger Berman Fixed Income LLC |
Investment Objective: | Highest available current income consistent with liquidity and low risk to principal; total return is a secondary goal. |
Investment Advisor: | Neuberger Berman Management LLC |
Sub-advisor: | Neuberger Berman, LLC |
Investment Objective: | Long-term growth by investing primarily in securities of companies that meet financial criteria and social policy. |
Investment Advisor: | ValMark Advisers, Inc. |
Sub-advisor: | Milliman, Inc. |
Investment Objective: | Seeks to provide income and capital appreciation with less volatility than the fixed income and equity markets. |
Investment Advisor: | ValMark Advisers, Inc. |
Sub-advisor: | Milliman, Inc. |
Investment Objective: | Seeks capital appreciation with less volatility than the equity markets. |
Investment Advisor: | ValMark Advisers, Inc. |
Sub-advisor: | Milliman, Inc. |
Investment Objective: | Seeks capital appreciation with less volatility than the equity markets. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks total return. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | Capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks total return. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | The Fund seeks capital appreciation. |
Investment Advisor: | OFI Global Asset Management, Inc. |
Sub-advisor: | OppenheimerFunds, Inc. |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Pacific Investment Management Company LLC |
Sub-advisor: | Research Affiliates |
Investment Objective: | Seeks maximum real return consistent with preservation of capital and prudent investment management. The portfolio seeks to achieve its investment objective by investing under normal circumstances substantially all of its assets in Institutional Class Shares of the Underlying PIMCO Funds |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum real return, consistent with prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Pacific Investment Management Company LLC |
Investment Objective: | The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited |
Investment Objective: | Capital growth and current income. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited and The Putnam Advisory Company, LLC |
Investment Objective: | Capital appreciation. |
Investment Advisor: | Putnam Investment Management, LLC |
Sub-advisor: | Putnam Investments Limited |
Investment Objective: | Capital appreciation. |
Investment Advisor: | T. Rowe Price Associates, Inc. |
Investment Objective: | Long-term capital appreciation. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | Above-average total return over a market cycle of three to five years by investing primarily in a diversified portfolio of fixed income securities. |
Investment Advisor: | Morgan Stanley Investment Management Inc. |
Investment Objective: | High total return by investing primarily in fixed income securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries. |
Investment Advisor: | Van Eck Associates Corporation |
Investment Objective: | Long-term capital appreciation by investing primarily in equity securities in emerging markets around the world. |
Investment Advisor: | Van Eck Associates Corporation |
Investment Objective: | Long-term capital appreciation by investing primarily in hard asset securities. Income is a secondary consideration. |
Investment Advisor: | Van Eck Associates Corporation |
Investment Objective: | High total return – income plus capital appreciation – by investing globally, primarily in a variety of debt securities. |
Investment Advisor: | Wells Fargo Funds Management, LLC |
Sub-advisor: | Wells Fargo Asset Management |
Investment Objective: | Seeks long-term capital appreciation. |
Accumulation Unit – The measure of an investment in, or share of, a Sub-Account. Accumulation Unit values are initially set at $10 for each Sub-Account. |
Attained Age – A person's Issue Age plus the number of full years since the Policy Date. |
Base Policy Specified Amount – The amount of insurance coverage selected under the base policy, excluding any Rider Specified Amount. |
Cash Surrender Value – The Cash Value minus Indebtedness and any surrender charge. |
Cash Value – The total of amounts allocated to the Sub-Accounts, the policy loan account, and the Fixed Account. |
Code – The Internal Revenue Code of 1986, as amended. |
Death Benefit – The amount paid upon the Insured's death, before the deduction of any Indebtedness or due and unpaid policy charges. |
Fixed Account – An investment option that is funded by Nationwide's general account. |
Grace Period – A 61-day period after which the Policy will Lapse if sufficient payments are not made to prevent Lapse. |
In Force – Any time during which benefits are payable under the policy and any elected Rider(s). |
Indebtedness – The total amount of all outstanding policy loans, including principal and interest due. |
Insured – The person whose life is insured under the policy, and whose death triggers payment of the Death Benefit. |
Investment Experience – The market performance of a mutual fund/Sub-Account. |
Issue Age – A person's age based on their last birthday on or before the Policy Date. |
Lapse – The policy terminates without value. |
Maturity Date – The policy anniversary on which the Insured reaches 100. |
Minimum Required Death Benefit – The lowest Death Benefit that will qualify the policy as life insurance under the Code. |
Nationwide – Nationwide Life Insurance Company, us, we, or our. |
Net Amount At Risk – The policy's base Death Benefit minus the policy's Cash Value. |
Net Asset Value (NAV) – The price of each share of a mutual fund in which a Sub-Account invests. NAV is calculated by subtracting the mutual fund's liabilities from its total assets, and dividing that figure by the number of shares outstanding. Nationwide uses NAV to calculate the value of Accumulation Units. NAV does not reflect deductions made for charges taken from the Sub-Accounts. |
Policy Data Page(s) – The Policy Data Page(s) contains more detailed information about the policy, some of which is unique to the policy owner, the beneficiary, and the Insured. |
Policy Date – The date the policy takes effect as shown on the Policy Data Page. Policy years, months, and anniversaries are measured from this date. |
Policy owner or Owner – The person or entity named as the owner on the application, or the person or entity assigned ownership rights. |
Policy Proceeds or Proceeds – Policy Proceeds may constitute the Death Benefit, or the amount payable if the policy matures or is surrendered, adjusted to account for any unpaid charges, Indebtedness and Rider benefits. |
Premium – Amount(s) paid to purchase and maintain the policy. |
Rider – An optional benefit purchased under the policy. Rider availability and Rider terms may vary depending on the state in which the policy was issued. |
Rider Specified Amount – The portion of the Total Specified Amount attributable to the Base Insured Term Rider. |
SEC – The Securities and Exchange Commission. |
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating to the policy. For service and transaction requests submitted other than by telephone (including fax requests), the Service Center is Nationwide's mail and document processing facility. For service and transaction requests communicated by telephone, the Service Center is Nationwide’s operations processing facility, see Contacting the Service Center. |
Sub-Account(s) – The mechanism used to account for allocations of Net Premium and Cash Value among the policy's variable investment options. |
Substandard Rating – An underwriting classification based on medical and/or non-medical factors used to determine what to charge for life insurance based on characteristics of the Insured beyond traditional factors for standard risks, which include age, sex, and smoking habits of the Insured. Substandard Ratings are shown in the Policy Data Pages as rate class multiples (medical factors) and/or monthly flat extras (medical and/or non-medical factors). The higher the rate class multiple or monthly flat extra, the greater the risk assessed and the higher the cost of coverage. |
Total Specified Amount – The sum of the Base Policy Specified Amount and the Rider Specified Amount, if applicable. |
Valuation Period – The period during which Nationwide determines the change in the value of the Sub-Accounts. One Valuation Period ends and another begins with the close of trading on the NYSE. |
Issue Age | Male
Non-Tobacco |
Female
Non-Tobacco |
Male
Standard |
Female
Standard | ||||
25 |
$ 7.776 | $ 7.521 | $ 8.369 | $ 7.818 | ||||
35 |
$ 8.817 | $ 8.398 | $ 9.811 | $ 8.891 | ||||
45 |
$12.191 | $11.396 | $13.887 | $12.169 | ||||
55 |
$15.636 | $14.011 | $18.415 | $15.116 | ||||
65 |
$22.295 | $19.086 | $26.577 | $20.641 |
Issue Age | Male
Non-Tobacco |
Female
Non-Tobacco |
Male
Standard |
Female
Standard | ||||
25 |
$ 5.776 | $ 5.521 | $ 6.369 | $ 5.818 | ||||
35 |
$ 6.817 | $ 6.398 | $ 7.811 | $ 6.891 | ||||
45 |
$ 9.691 | $ 8.896 | $11.387 | $ 9.669 | ||||
55 |
$13.136 | $11.511 | $15.915 | $12.616 | ||||
65 |
$21.295 | $18.086 | $25.577 | $19.641 |
Completed Policy Years | Surrender
Charge as a % of Initial Surrender Charges |
Completed
Policy Years |
Surrender
Charge as a % of Initial Surrender Charges | |||
0 |
100% | 5 | 60% | |||
1 |
100% | 6 | 50% | |||
2 |
90% | 7 | 40% | |||
3 |
80% | 8 | 30% | |||
4 |
70% | 9+ | 0% |
Completed Policy Years | Surrender
Charge as a % of Initial Surrender Charges |
Completed
Policy Years |
Surrender
Charge as a % of Initial Surrender Charges |
Completed
Policy Years |
Surrender
Charge as a % of Initial Surrender Charges | |||||
0 |
100% | 5 | 60% | 10 | 20% | |||||
1 |
100% | 6 | 50% | 11 | 15% |
Completed Policy Years | Surrender
Charge as a % of Initial Surrender Charges |
Completed
Policy Years |
Surrender
Charge as a % of Initial Surrender Charges |
Completed
Policy Years |
Surrender
Charge as a % of Initial Surrender Charges | |||||
2 |
90% | 7 | 40% | 12 | 10% | |||||
3 |
80% | 8 | 30% | 13 | 5% | |||||
4 |
70% | 9 | 25% | 14+ | 0% |
• | by telephone at 1-800-848-6331 |
• | by mail to Nationwide Life Insurance Company |
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• | the request must be in writing and signed by the policy owner (if the surrender was a Code Section 1035 exchange to a new policy with a different insurer, the signature of an officer of the replacing insurer is also required); |
• | the written request must be received at the Service Center within 30 days of the date the policy was surrendered (periods up to 60 days will be permitted based on the right to examine period applicable to replaced life insurance policies in the state where the policy was issued); |
• | the surrender Proceeds must be returned in their entirety; and |
• | the insured must be alive on the date the restoration request is received. |
• | the returned surrender proceeds and any amount taken as a surrender charge will be used to purchase Accumulation Units according to the allocations currently in effect on, and priced as of, the surrender date; |
• | any charges that would otherwise have been assessed during the period of surrender will be assessed as of the date(s) they were due resulting in the cancellation of Accumulation Units priced as of the applicable date(s); |
• | interest will be credited on any allocation to a fixed investment option at the rate(s) in effect during the period of surrender; |
• | interest charged and credited on any Indebtedness will accrue at the rates in effect for the period of surrender; and |
• | any transfer of loan interest charged or credited that would have occurred during the period of surrender will be transferred as of the date(s) such transfers would have otherwise occurred. |
Issue Age | Specified
Amounts less than $100,000 |
Specified
Amounts $100,000 or more | ||
0-35 | $6.00 | $4.00 | ||
36-55 | $7.50 | $5.00 | ||
56-80 | $7.50 | $6.50 |
Maximum Surrender Charge 26.50% multiplied by the lesser of (a) or (b),where: | ||
(a) | = | the Specified Amount multiplied by the rate indicated on the chart "Surrender Target Factor" below divided by 1,000; and |
(b) | = | Premiums paid by the policy owner during the first policy year |
Plus (c) multiplied by (d) where: | ||
(c) | = | the Specified Amount divided by 1,000; and |
(d) | = | the applicable rate from the "Administrative Target Factor" chart below. |
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 | ) | ||||||||||||||||||||
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|
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|
|
|
|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(39,189 | ) | (122,291 | ) | (251,799 | ) | (4,230,200 | ) | (3,379,882 | ) | (185,927 | ) | (903,007 | ) | (1,922,657 | ) | ||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 156,654 | 170,378 | 4,299,066 | 2,475,846 | 196,919 | 546,767 | 1,659,488 | ||||||||||||||||||||||||
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|
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|
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|
|
|
|||||||||||||||||
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 | ) | |||||||||||||||||
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|
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|
|
|
|
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 | ) | ||||||||||||||||
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|
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|
|
|
|||||||||||||||||
Net investment income (loss) |
15,555 | 6,095 | 68,531 | 2,545 | 7,962 | 200,352 | 18 | 166 | ||||||||||||||||||||||||
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|
|||||||||||||||||
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 | ) | |||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
(52,407 | ) | (12,101 | ) | (5,517,516 | ) | (22,354 | ) | (62,331 | ) | (2,133,644 | ) | 137 | (729 | ) | |||||||||||||||||
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|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 7,805,221 | 8,492 | - | 1,367,077 | 61 | 131 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
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 | ) | |||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|||||||||||||||||
Net investment income (loss) |
659 | 30,485 | 11 | 2,699 | 3,332 | 63,392 | (14,433 | ) | 33,592 | |||||||||||||||||||||||
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|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|||||||||||||||||
Net gain (loss) on investments |
(16,031 | ) | (34,624 | ) | (248 | ) | 2,657 | (262,768 | ) | (847,787 | ) | (76,597 | ) | (391,017 | ) | |||||||||||||||||
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|
|
|||||||||||||||||
Reinvested capital gains |
9,264 | 32,140 | 10 | - | 190,119 | 608,275 | 122,410 | 209,836 | ||||||||||||||||||||||||
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|
|
|||||||||||||||||
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 | ) | ||||||||||||||||||
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|
|
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 | ) | ||||||||||||||||
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|
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|
|
|
|||||||||||||||||
Net investment income (loss) |
18,093 | (558 | ) | 25,873 | (407 | ) | 4,772 | 54,864 | (2,143 | ) | 5,650 | |||||||||||||||||||||
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|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
(51,560 | ) | (8,813 | ) | (168,451 | ) | (14,501 | ) | (210,928 | ) | (403,198 | ) | (10,606 | ) | (128,200 | ) | ||||||||||||||||
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|
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|
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|
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|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | - | 104,500 | 20,475 | 139,707 | 218,154 | 6,502 | 140,400 | ||||||||||||||||||||||||
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|
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|
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|
|
|||||||||||||||||
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 | |||||||||||||||||
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|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
|||||||||||||||||
Net investment income (loss) |
2,227 | 39,368 | 1,026,465 | 591,689 | 115,379 | 9,246 | 4,673 | 15,351 | ||||||||||||||||||||||||
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|
|
|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(12,950 | ) | (49,064 | ) | (6,592,704 | ) | (1,122,874 | ) | (993,010 | ) | (523,358 | ) | (10,318 | ) | (32,586 | ) | ||||||||||||||||
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|
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|
|
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|
|
|
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|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
221 | - | 3,810,025 | - | 850,345 | 68,358 | 1,127 | 5,325 | ||||||||||||||||||||||||
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|
|
|
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|
|
|||||||||||||||||
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 | ) | |||||||||||||||
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|
|
|
|
|
|
|
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 | ) | ||||||||||||||||
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|
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|
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|
|
|
|
|
|
|||||||||||||||||
Net investment income (loss) |
12,232 | (185,080 | ) | 43,599 | (9,907 | ) | 43,173 | 37,855 | 4,228 | 72,211 | ||||||||||||||||||||||
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|
|
|
|
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|
|
|
|||||||||||||||||
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 | ) | |||||||||||||||||
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|
|
|||||||||||||||||
Net gain (loss) on investments |
(28,778 | ) | 2,246,327 | (69,587 | ) | (1,102,681 | ) | 120,503 | (264,559 | ) | (32,419 | ) | (209,426 | ) | ||||||||||||||||||
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|
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|
|
|
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|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
6,132 | 1,921,974 | 1,695 | 998,497 | 5,435 | 4,086 | 776 | - | ||||||||||||||||||||||||
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|
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|
|
|
|
|
|||||||||||||||||
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 | ) | |||||||||||||||||
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|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
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|
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|
|
|||||||||||||||||
Net investment income (loss) |
53,757 | 11,269 | 12,743 | 3,726 | 32,885 | 164,544 | 6,643 | 24,259 | ||||||||||||||||||||||||
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|
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|
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|
|
|
|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(693,473 | ) | (612,016 | ) | (299,309 | ) | (14,965 | ) | (150,633 | ) | (283,863 | ) | (25,911 | ) | (32,636 | ) | ||||||||||||||||
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|
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|
|
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|
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|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
464,223 | 388,063 | 107,463 | 4,071 | 39,464 | 11,359 | 431 | - | ||||||||||||||||||||||||
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|
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|
|
|||||||||||||||||
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 | ) | |||||||||||||||
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|
|
|
|
|
|
|
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 | ) | ||||||||||||||||||
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|
|
|||||||||||||||||
Net investment income (loss) |
417 | 203 | (1,426 | ) | (167 | ) | 18,120 | 93 | 355 | 97,864 | ||||||||||||||||||||||
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|
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|
|
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|
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|
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|
|
|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
|
|
|
|||||||||||||||||
Net gain (loss) on investments |
(48,235 | ) | (93 | ) | (77,938 | ) | (8,630 | ) | (608,274 | ) | (2,593 | ) | (70,695 | ) | (77,108 | ) | ||||||||||||||||
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
38,715 | 59 | - | 222 | 232,469 | 504 | 64,025 | - | ||||||||||||||||||||||||
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
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 | |||||||||||||||||
|
|
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|
|||||||||||||||||
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 | ) | ||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Reinvested capital gains |
- | 1,507,432 | 1,918 | 202,345 | 191,189 | 101,136 | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
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 | ) | |||||||||||||||||||
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|
|
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 | ) | ||||||||||||||||
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|||||||||||||||||
Net investment income (loss) |
439 | 3,185 | 48,109 | 44,419 | 3,155 | 1,742 | 2,814 | (134 | ) | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
(2,761 | ) | (28,740 | ) | (48,938 | ) | (57,284 | ) | (11,421 | ) | (5,963 | ) | (112,224 | ) | 2,995 | |||||||||||||||||
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|||||||||||||||||
Reinvested capital gains |
- | 802 | - | 10,634 | - | - | 71,876 | 357 | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||
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|
|||||||||||||||||
Net investment income (loss) |
122 | (9 | ) | (3 | ) | (30,718 | ) | 523 | 75,357 | 5,093 | (23,886 | ) | ||||||||||||||||||||
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|||||||||||||||||
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 | ) | |||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
(952 | ) | (867 | ) | 341 | 214,036 | (547 | ) | (251,135 | ) | (1,052,249 | ) | (1,621,026 | ) | ||||||||||||||||||
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|||||||||||||||||
Reinvested capital gains |
341 | 85 | - | 472,752 | - | - | 299,770 | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | (489 | ) | (791 | ) | 338 | 656,070 | (24 | ) | (175,778 | ) | (747,386 | ) | (1,644,912 | ) | |||||||||||||||||
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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 | ) | ||||||||||||||||
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|||||||||||||||||
Net investment income (loss) |
(3,297 | ) | 80,513 | (1,695 | ) | (6,636 | ) | (7,280 | ) | (2,193 | ) | 1,690 | 2,635 | |||||||||||||||||||
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|||||||||||||||||
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 | |||||||||||||||||
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|||||||||||||||||
Net gain (loss) on investments |
(641,469 | ) | (170,290 | ) | (45,685 | ) | (147,739 | ) | (207,513 | ) | (74,291 | ) | (19,157 | ) | 155,601 | |||||||||||||||||
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|||||||||||||||||
Reinvested capital gains |
434,781 | 14,628 | 26,697 | 132,761 | 160,423 | 51,715 | 20,840 | - | ||||||||||||||||||||||||
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|||||||||||||||||
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 | |||||||||||||||||
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|||||||||||||||||
Investment Activity: | FOSR | ACVI3 | AMBP | AMTG | AMFAS | |||||||||||||||||||||||||||
Reinvested dividends |
$ | - | 645 | - | - | - | ||||||||||||||||||||||||||
Asset charges (note 3) |
(6,780 | ) | - | (196 | ) | (9,057 | ) | (781 | ) | |||||||||||||||||||||||
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|||||||||||||||||||||||
Net investment income (loss) |
(6,780 | ) | 645 | (196 | ) | (9,057 | ) | (781 | ) | |||||||||||||||||||||||
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|||||||||||||||||||||||
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 | ) | ||||||||||||||||||||||
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|
|||||||||||||||||||||||
Net gain (loss) on investments |
387,784 | 12,658 | (6,458 | ) | 90,584 | (27,621 | ) | |||||||||||||||||||||||||
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|
|||||||||||||||||||||||
Reinvested capital gains |
- | - | 7,671 | - | 26,722 | |||||||||||||||||||||||||||
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|||||||||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
$ | 381,004 | 13,303 | 1,017 | 81,527 | (1,680 | ) | |||||||||||||||||||||||||
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|
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 | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||||||
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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 | |||||||||||||||||||
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Net equity transactions |
(56,715,466 | ) | (57,105,468 | ) | (403 | ) | (4,342 | ) | 152,217 | (534,816 | ) | (203,738 | ) | 358,677 | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 600,557,383 | 659,613,121 | 497 | 907 | 3,290,547 | 3,171,176 | 208,032 | 424,330 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
22,879,589 | 24,777,106 | 43 | 77 | 206,322 | 196,223 | 17,292 | 32,825 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||||||||
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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 | |||||||||||||||||||||
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Net equity transactions |
(4,180,169 | ) | (4,583,869 | ) | (774,741 | ) | (428,928 | ) | (6,897 | ) | (169 | ) | 61,368 | (9,196 | ) | |||||||||||||||||
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|
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
896,681 | 986,251 | 164,369 | 182,744 | 904 | 1,470 | 19,785 | 15,517 | ||||||||||||||||||||||||
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|
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 | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||||
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Net equity transactions |
25,698 | 94,767 | (266,019 | ) | (5,945 | ) | 413,549 | (601,600 | ) | 334,513 | (371,378 | ) | ||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
11,752 | 9,313 | 53,702 | 64,330 | 253,113 | 229,303 | 232,405 | 194,191 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(268,389 | ) | (511,815 | ) | (3,549 | ) | - | (3,174 | ) | (28,102 | ) | (26,830 | ) | 213,992 | ||||||||||||||||||
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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 | ||||||||||||||||||||
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Net equity transactions |
(365,197 | ) | (858,019 | ) | 206,209 | - | (30,719 | ) | (117,588 | ) | (62,661 | ) | 542,272 | |||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 2,722,803 | 3,356,389 | 202,660 | - | 133,187 | 167,080 | 2,615,480 | 2,704,971 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | |||||||||||||||||
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Ending units |
218,855 | 244,895 | 20,636 | - | 10,222 | 12,507 | 87,843 | 89,656 | ||||||||||||||||||||||||
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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 | - | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(3,066 | ) | 21,679 | (11,419 | ) | 38,522 | 11,790 | 347,279 | (3,790 | ) | - | |||||||||||||||||||||
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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 | - | - | ||||||||||||||||||||||||
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Net equity transactions |
(34,004 | ) | 5,306 | (93,207 | ) | (382,341 | ) | (358,400 | ) | 16,554 | 157,450 | - | ||||||||||||||||||||
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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 | - | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 256,761 | 293,831 | 797,388 | 902,014 | 1,265,754 | 1,612,364 | 153,660 | - | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | - | |||||||||||||||||
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Ending units |
17,230 | 19,453 | 26,929 | 29,799 | 24,812 | 33,626 | 15,862 | - | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
34 | 67 | (3,378 | ) | (288 | ) | (360,946 | ) | 937,457 | 7,819 | 98,908 | |||||||||||||||||||||
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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 | |||||||||||||||||||
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Net equity transactions |
36,981 | 42,751 | 88,408 | 4,433 | (987,745 | ) | (699,852 | ) | 422,984 | 497,402 | ||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
7,825 | 4,180 | 9,872 | 452 | 298,423 | 340,738 | 183,408 | 156,967 | ||||||||||||||||||||||||
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|
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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | |||||||||||||||||||
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Net equity transactions |
(92,285 | ) | (121,881 | ) | (43,271 | ) | (110,946 | ) | (80,041 | ) | (270,641 | ) | (287,929 | ) | 43,354 | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
54,192 | 61,439 | 92,179 | 94,935 | 107,876 | 112,790 | 57,553 | 77,509 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||
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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 | ) | |||||||||||||||||||
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Net equity transactions |
(320,992 | ) | 1,219,568 | (152,435 | ) | 1,988,295 | (474,162 | ) | 3,754,906 | (1,258,979 | ) | (1,754,160 | ) | |||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
47,324 | 62,280 | 108,444 | 115,025 | 249,338 | 279,705 | 955,017 | 1,044,467 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||
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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 | ) | ||||||||||||||||||||
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Net equity transactions |
(27,088 | ) | (10,473 | ) | (11,924 | ) | (32,387 | ) | 350,640 | (52,340 | ) | (134,041 | ) | (52,939 | ) | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 110,884 | 138,728 | 306,120 | 324,208 | 741,335 | 396,731 | 639,066 | 781,124 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
6,966 | 8,635 | 23,044 | 23,914 | 55,893 | 29,486 | 47,510 | 57,074 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(104 | ) | 49,080 | (17,909 | ) | 48,166 | (11,143 | ) | 27,463 | 156 | 12,082 | |||||||||||||||||||||
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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 | ) | |||||||||||||||||||
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Net equity transactions |
(77,562 | ) | (1,432,172 | ) | 52,927 | (42,566 | ) | 2,080 | 15,723 | (122,376 | ) | (44,883 | ) | |||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 45,654 | 123,320 | 1,238,000 | 1,202,982 | 709,071 | 718,134 | 182,273 | 304,493 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
3,650 | 9,728 | 92,343 | 88,472 | 53,137 | 52,799 | 13,838 | 22,655 | ||||||||||||||||||||||||
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|
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 | - | - | - | - | - | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||
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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 | |||||||||||||||||||||
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Net equity transactions |
(8,403 | ) | (71,106 | ) | (92,061 | ) | 37,001 | (4,159,902 | ) | (4,226,382 | ) | (588,768 | ) | (692,856 | ) | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
39,308 | 39,970 | 8,359 | 14,705 | 794,468 | 877,893 | 172,237 | 191,939 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||
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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 | ) | |||||||||||||||||||||
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Net equity transactions |
(1,231,550 | ) | (1,221,121 | ) | (1,447 | ) | 440,007 | (179,170 | ) | (301,380 | ) | (2,741 | ) | 243,293 | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
415,809 | 455,264 | 42,885 | 43,094 | 94,671 | 102,676 | 21,278 | 21,450 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||
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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 | ||||||||||||||||||||
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Net equity transactions |
(12,596 | ) | (26,009 | ) | (93,910 | ) | (42,383 | ) | (944,203 | ) | (622,960 | ) | (285,442 | ) | (270,512 | ) | ||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
5,282 | 5,824 | 29,949 | 36,129 | 176,900 | 224,415 | 243,227 | 256,990 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | ) | ||||||||||||||||||
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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 | ) | |||||||||||||||||||
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Net equity transactions |
8,083 | 123,928 | 40,820 | (436,395 | ) | (2,750,922 | ) | (437,075 | ) | (123,908 | ) | 4,457,230 | ||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
202,821 | 202,460 | 206,498 | 205,415 | 921,079 | 1,080,346 | 432,427 | 446,203 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Net equity transactions |
81,262 | 420,214 | (352,308 | ) | (94,207 | ) | (17,956 | ) | (285,571 | ) | (2,275,227 | ) | (2,611,544 | ) | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
33,454 | 28,978 | 114,835 | 138,851 | 87,462 | 90,319 | 1,797,627 | 1,938,492 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | ) | ||||||||||||||||||||
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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 | ||||||||||||||||||||
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Net equity transactions |
(1,492,030 | ) | (2,609,846 | ) | 108,755 | (632,343 | ) | (261,339 | ) | (890,230 | ) | (2,130,802 | ) | (2,800,130 | ) | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
1,226,871 | 1,308,008 | 125,888 | 117,262 | 132,480 | 139,264 | 259,198 | 295,850 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | ) | |||||||||||||||||||
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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 | ) | |||||||||||||||||||
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Net equity transactions |
(87,519 | ) | (350,325 | ) | (25,344 | ) | (9,865 | ) | (5,164,116 | ) | (4,935,566 | ) | 14,887 | 11,417 | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
54,232 | 58,596 | 49,153 | 51,526 | 2,025,618 | 2,236,695 | 11,997 | 11,223 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(54,369 | ) | 57,599 | (566,215 | ) | 2,287,764 | 216 | (66 | ) | (432 | ) | - | ||||||||||||||||||||
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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 | - | ||||||||||||||||||||||
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Net equity transactions |
12,506 | 26,318 | (1,382,326 | ) | 641,340 | (6,435 | ) | 7,417 | 10,214 | - | ||||||||||||||||||||||
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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 | - | - | - | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 796,114 | 837,977 | 8,931,249 | 10,879,790 | 1,132 | 7,351 | 9,782 | - | |||||||||||||||||||||||
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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 | ) | - | |||||||||||||||||
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Ending units |
32,104 | 31,499 | 624,463 | 716,177 | 100 | 627 | 878 | - | ||||||||||||||||||||||||
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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 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(6,108 | ) | (1,893 | ) | 28,001 | 141,922 | (227 | ) | 11 | 5,356 | 26,304 | |||||||||||||||||||||
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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 | ) | |||||||||||||||||||||
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Net equity transactions |
59,456 | 10,487 | 4,545 | 1,071,364 | (84 | ) | (89 | ) | (75,943 | ) | (406,166 | ) | ||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 114,888 | 61,540 | 2,221,989 | 2,189,443 | 2,031 | 2,342 | 313,874 | 384,461 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
9,242 | 4,685 | 165,957 | 164,565 | 207 | 215 | 12,235 | 15,204 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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|||||||||||||||||
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 | |||||||||||||||||||||
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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 | |||||||||||||||||||||
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Net equity transactions |
(175,437 | ) | 53,632 | (945,845 | ) | 589,861 | (242,438 | ) | (73,257 | ) | (575,606 | ) | (244,446 | ) | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
30,399 | 35,245 | 185,739 | 202,718 | 83,442 | 98,440 | 100,085 | 128,055 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ) | |||||||||||||||||||
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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 | |||||||||||||||||||||
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Net equity transactions |
(68,687 | ) | (246,668 | ) | 42,471 | (106,290 | ) | (76,116 | ) | (22,567 | ) | (55,547 | ) | 37,618 | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
72,248 | 76,999 | 26,275 | 31,161 | 80,976 | 83,768 | 8,573 | 11,928 | ||||||||||||||||||||||||
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|
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 | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
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 | ||||||||||||||||||||
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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 | |||||||||||||||||||
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Net equity transactions |
(54,481 | ) | (509,394 | ) | (488,914 | ) | (494,230 | ) | 143,188 | (296,496 | ) | (106,651 | ) | (153,365 | ) | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
75,934 | 78,084 | 173,129 | 191,958 | 21,079 | 14,105 | 58,822 | 63,073 | ||||||||||||||||||||||||
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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 | - | - | ||||||||||||||||||||||||
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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 | |||||||||||||||||||
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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 | ||||||||||||||||||||
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Net equity transactions |
(423 | ) | 1,210 | (84,675 | ) | (355,730 | ) | (4,044,848 | ) | (4,942,248 | ) | 2,201,538 | (1,412,880 | ) | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
9,042 | 9,061 | 68,829 | 73,842 | 595,714 | 676,970 | 235,350 | 206,871 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||
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Equity transactions: |
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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): |
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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 | ||||||||||||||||||
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Net equity transactions |
(1,137,882 | ) | (848,772 | ) | (195,173 | ) | 19,438 | (59,692 | ) | 29,550 | (2,163 | ) | 2,094 | |||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
303,941 | 333,655 | 111,198 | 121,575 | 22,917 | 26,431 | 69,003 | 69,148 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||
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Equity transactions: |
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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 | ) | ||||||||||||||||||||||
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Net equity transactions |
(84,776 | ) | (79,377 | ) | (5,652,192 | ) | (4,895,555 | ) | (103,995 | ) | (1,407,040 | ) | (1,575,633 | ) | (442,114 | ) | ||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
61,621 | 66,272 | 913,368 | 1,018,407 | 131,784 | 138,270 | 170,775 | 208,483 | ||||||||||||||||||||||||
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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 | - | - | - | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
169,111 | (557,209 | ) | (222,618 | ) | - | (27,415 | ) | 81,734 | (137,215 | ) | 79,831 | ||||||||||||||||||||
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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 | |||||||||||||||||||||
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Net equity transactions |
(493,175 | ) | (846,384 | ) | 4,117,213 | - | (215,345 | ) | (237,896 | ) | (50,261 | ) | (83,025 | ) | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | |||||||||||||||||
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Ending units |
178,655 | 200,573 | 413,370 | - | 33,099 | 41,702 | 108,195 | 111,453 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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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 | ) | |||||||||||||||||
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Equity transactions: |
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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 | ) | |||||||||||||||||
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Net equity transactions |
(263,289 | ) | (403,608 | ) | (749,241 | ) | (930,959 | ) | (14,876 | ) | 954,281 | (42,636 | ) | (33,116 | ) | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
163,813 | 173,632 | 71,379 | 93,738 | 93,715 | 95,621 | 4,512 | 6,282 | ||||||||||||||||||||||||
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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 | - | - | ||||||||||||||||||||||||
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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 | |||||||||||||||||||
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Equity transactions: |
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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): |
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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 | |||||||||||||||||||
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Net equity transactions |
(203,169 | ) | 1,504,463 | (147,884 | ) | 2,339,422 | 57,979 | 51,688 | (257,257 | ) | (94,808 | ) | ||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
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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 | ) | ||||||||||||||||
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Ending units |
125,579 | 149,193 | 218,739 | 233,805 | 19,969 | 15,708 | 138,717 | 151,479 | ||||||||||||||||||||||||
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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: |
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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 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(9,103 | ) | 11,837 | 169 | (656 | ) | (79,364 | ) | - | (8,575 | ) | 1,251 | ||||||||||||||||||||
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Equity transactions: |
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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): |
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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 | ) | |||||||||||||||||||
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Net equity transactions |
(12,778 | ) | (53,001 | ) | 905 | 670 | 1,814,315 | - | 191,983 | (228 | ) | |||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 146,287 | 168,168 | 20,629 | 19,555 | 1,734,951 | - | 201,732 | 18,324 | |||||||||||||||||||||||
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CHANGES IN UNITS: |
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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 | ) | |||||||||||||||||
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Ending units |
6,866 | 7,518 | 1,304 | 1,255 | 180,813 | - | 6,188 | 530 | ||||||||||||||||||||||||
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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 | - | - | - | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||
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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 | ||||||||||||||||||||||
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Net equity transactions |
(182,314 | ) | (276,682 | ) | (3,535 | ) | (3,206 | ) | (100,881 | ) | (78,857 | ) | (559,990 | ) | (408,036 | ) | ||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
89,883 | 96,614 | 1,061 | 1,220 | 25,033 | 28,648 | 158,605 | 183,102 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
17,115 | 281,654 | 759,287 | 421,347 | (2,733 | ) | - | 39,961 | 131,786 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||||||||
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Net equity transactions |
(180,915 | ) | (1,604,021 | ) | (1,233,463 | ) | 7,173,970 | 31,658 | - | (234,578 | ) | 68,822 | ||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | |||||||||||||||||
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Ending units |
160,710 | 168,555 | 360,765 | 377,992 | 3,100 | - | 71,846 | 85,851 | ||||||||||||||||||||||||
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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 | - | - | - | - | - | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||
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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 | ||||||||||||||||||||
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Net equity transactions |
310,969 | (322,018 | ) | 48,903 | (71,892 | ) | (5,891 | ) | 40,768 | 20,942 | (288,868 | ) | ||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
44,586 | 35,640 | 118,599 | 114,268 | 21,107 | 21,672 | 21,824 | 19,994 | ||||||||||||||||||||||||
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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 | - | ||||||||||||||||||||||||
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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 | ||||||||||||||||||
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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 | ) | ||||||||||||||||||
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Net equity transactions |
4,432 | 22,635 | (26,402 | ) | (205,923 | ) | (109,413 | ) | (283,648 | ) | 32,635 | (338,534 | ) | |||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 6,542 | 4,432 | 290,325 | 341,480 | 1,557,147 | 1,667,389 | 986,434 | 956,030 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
1,195 | 598 | 25,040 | 27,237 | 127,195 | 136,114 | 88,806 | 86,019 | ||||||||||||||||||||||||
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|
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 | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
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 | ||||||||||||||||||||
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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 | ) | ||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(128,916 | ) | 75,727 | (27,763 | ) | (8,784 | ) | 116,243 | (75,996 | ) | (9,432 | ) | 42,622 | |||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 91,976 | 229,158 | 240,722 | 272,706 | 556,522 | 477,813 | 66,675 | 72,889 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
4,323 | 9,899 | 11,932 | 13,518 | 23,414 | 18,772 | 4,318 | 4,951 | ||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Net increase (decrease) in contract owners equity resulting from operations |
(489 | ) | 374 | (791 | ) | 1,156 | 338 | 286 | 656,070 | 1,190,432 | ||||||||||||||||||||||
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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 | ) | |||||||||||||||||||||
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Net equity transactions |
(853 | ) | (1,364 | ) | (29,268 | ) | 28,511 | 43,101 | 6,396 | 121,357 | (115,094 | ) | ||||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 3,982 | 5,324 | 842 | 30,901 | 50,409 | 6,970 | 6,257,127 | 5,479,700 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
202 | 242 | 66 | 2,314 | 4,795 | 672 | 188,201 | 184,423 | ||||||||||||||||||||||||
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|
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 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||
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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 | ) | |||||||||||||||||
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Net equity transactions |
24,843 | 3,733 | (185,061 | ) | (66,271 | ) | (1,125,245 | ) | (528,304 | ) | (711,765 | ) | (728,052 | ) | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
4,821 | 2,898 | 49,553 | 58,400 | 156,813 | 194,813 | 112,466 | 132,220 | ||||||||||||||||||||||||
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|
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 | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(380,238 | ) | (132,545 | ) | (42,341 | ) | (351,398 | ) | (23,568 | ) | (34,379 | ) | (54,742 | ) | (31,013 | ) | ||||||||||||||||
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|
|||||||||||||||||
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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 2,140,775 | 2,730,998 | 606,128 | 723,618 | 299,417 | 343,668 | 743,396 | 819,752 | |||||||||||||||||||||||
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|
|||||||||||||||||
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 | ) | ||||||||||||||||
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Ending units |
141,615 | 164,815 | 53,801 | 59,740 | 22,753 | 24,481 | 20,962 | 22,700 | ||||||||||||||||||||||||
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|
|
|
|
|
|
|
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 | - | - | - | - | ||||||||||||||||||||||||
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|
|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
(54,370 | ) | 143,811 | (24,769 | ) | (19,401 | ) | - | 3,597 | - | 32,126 | |||||||||||||||||||||
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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 | ) | |||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(79,186 | ) | (97,781 | ) | 75,605 | (218,818 | ) | - | (9,166,687 | ) | - | (1,536,184 | ) | |||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | 1,439,222 | 1,572,778 | 413,663 | 362,827 | - | - | - | - | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||
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Ending units |
49,909 | 52,233 | 17,346 | 14,713 | - | - | - | - | ||||||||||||||||||||||||
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|
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 | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
3,373 | 22,813 | 158,236 | 22,820 | 381,004 | (398,050 | ) | - | (4,202 | ) | ||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||||
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|||||||||||||||||
Net equity transactions |
(243,333 | ) | 1,018 | (3,775,367 | ) | (63,836 | ) | (4,513,665 | ) | (293,992 | ) | - | (489,313 | ) | ||||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | - | 239,960 | - | 3,617,131 | - | 4,132,661 | - | - | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | |||||||||||||||||
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Ending units |
- | 9,468 | - | 243,156 | - | 261,702 | - | - | ||||||||||||||||||||||||
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|
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 | ||||||||||||||||||||||||
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|||||||||||||||||
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 | ||||||||||||||||||||||
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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 | ||||||||||||||||||||
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Net equity transactions |
(185,190 | ) | (22,854 | ) | (39,351 | ) | (1,736 | ) | (1,996,103 | ) | (249,005 | ) | (198,007 | ) | 9,827 | |||||||||||||||||
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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 | ||||||||||||||||||||||||
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Contract owners equity end of period |
$ | - | 171,887 | - | 38,334 | - | 1,914,576 | - | 199,687 | |||||||||||||||||||||||
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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 | ) | ||||||||||||||||
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Ending units |
- | 9,678 | - | 1,939 | - | 111,027 | - | 9,561 | ||||||||||||||||||||||||
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|
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 |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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|||||||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
- | (30,456 | ) | - | 19,129 | - | 42,962 | - | (79,998 | ) | ||||||||||||||||||||||
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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 | ) | |||||||||||||||||||||
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Net equity transactions |
- | (1,027,823 | ) | - | (2,365,091 | ) | - | (1,476,204 | ) | - | (2,349,551 | ) | ||||||||||||||||||||
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|
|||||||||||||||||
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 | ||||||||||||||||||||||||
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|
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Contract owners equity end of period |
$ | - | - | - | - | - | - | - | - | |||||||||||||||||||||||
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|||||||||||||||||
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 | ) | ||||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Ending units |
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
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|
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|
|
|
|
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|
|
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 | ||||||||||||||||||
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|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net increase (decrease) in contract owners equity resulting from operations |
- | 2,624 | - | 39,958 | - | (1,218 | ) | |||||||||||||||||
|
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|
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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 | ) | - | - | ||||||||||||||||
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|
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|
|
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|
|
|
|
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Net equity transactions |
- | (510,434 | ) | - | (4,655,194 | ) | - | (47,114 | ) | |||||||||||||||
|
|
|
|
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|
|
|
|
|
|
|
|||||||||||||
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 | ||||||||||||||||||
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Contract owners equity end of period |
$ | - | - | - | - | - | - | |||||||||||||||||
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CHANGES IN UNITS: |
||||||||||||||||||||||||
Beginning units |
- | 44,038 | - | 385,573 | - | 2,561 | ||||||||||||||||||
Units purchased |
- | 145 | - | 7,044 | - | - | ||||||||||||||||||
Units redeemed |
- | (44,183 | ) | - | (392,617 | ) | - | (2,561 | ) | |||||||||||||||
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Ending units |
- | - | - | - | - | - | ||||||||||||||||||
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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 policys 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 policys 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 policys 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 policys 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 policys 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 | ||||||||||||||
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Total |
$ | 3,368,148 | 6 | 14,870 | 1,198 | 216,897 | ||||||||||||||
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|
|
|
|
|
|
|
|||||||||||
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 Companys 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 policys 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 Companys 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 managements 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 STATEMENTS December 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 STATEMENTS December 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. |
KPMG LLP | ||
Suite 500 191 West Nationwide Blvd. Columbus, OH 43215-2568 |
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholder
Nationwide Life Insurance Company:
We have audited the accompanying consolidated balance sheets of Nationwide Life Insurance Company and subsidiaries (the Company) as of December 31, 2015 and 2014, and the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the years in the three-year period ended December 31, 2015. In connection with our audits of the consolidated financial statements, we also have audited the financial statement schedules as listed in the accompanying table of contents. These consolidated financial statements and financial statement schedules are the responsibility of the Companys management. Our responsibility is to express an opinion on these consolidated financial statements and financial statement schedules 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 consolidated financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. 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 consolidated financial statements referred to above present fairly, in all material respects, the financial position of Nationwide Life Insurance Company and subsidiaries as of December 31, 2015 and 2014, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2015, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the related financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.
/s/ KPMG LLP
Columbus, Ohio
February 23, 2016
1
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Operations
Year ended December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Revenues |
||||||||||||
Policy charges |
$ | 2,216 | $ | 2,065 | $ | 1,849 | ||||||
Premiums |
786 | 831 | 724 | |||||||||
Net investment income |
1,982 | 1,900 | 1,849 | |||||||||
Net realized investment gains (losses), including other-than-temporary impairment losses |
82 | (1,078 | ) | 678 | ||||||||
Other revenues |
14 | 11 | 17 | |||||||||
|
|
|
|
|
|
|||||||
Total revenues |
$ | 5,080 | $ | 3,729 | $ | 5,117 | ||||||
|
|
|
|
|
|
|||||||
Benefits and expenses |
||||||||||||
Interest credited to policyholder account values |
$ | 1,078 | $ | 1,096 | $ | 1,067 | ||||||
Benefits and claims |
1,662 | 1,502 | 1,354 | |||||||||
Amortization of deferred policy acquisition costs |
68 | 207 | 374 | |||||||||
Other expenses, net of deferrals |
1,044 | 1,055 | 981 | |||||||||
|
|
|
|
|
|
|||||||
Total benefits and expenses |
$ | 3,852 | $ | 3,860 | $ | 3,776 | ||||||
|
|
|
|
|
|
|||||||
Income (loss) before federal income taxes and noncontrolling interests |
$ | 1,228 | $ | (131 | ) | $ | 1,341 | |||||
Federal income tax expense (benefit) |
293 | (147 | ) | 313 | ||||||||
|
|
|
|
|
|
|||||||
Net income |
$ | 935 | $ | 16 | $ | 1,028 | ||||||
Noncontrolling interest adjustment for consolidated net expenses, net of tax |
96 | 94 | 82 | |||||||||
|
|
|
|
|
|
|||||||
Net income attributable to Nationwide Life Insurance Company |
$ | 1,031 | $ | 110 | $ | 1,110 | ||||||
|
|
|
|
|
|
See accompanying notes to consolidated financial statements.
2
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Comprehensive Income
Year ended December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Net income |
$ | 935 | $ | 16 | $ | 1,028 | ||||||
|
|
|
|
|
|
|||||||
Other comprehensive (loss) income, net of tax |
||||||||||||
Changes in: |
||||||||||||
Net unrealized (losses) gains on available-for-sale securities |
$ | (720 | ) | $ | 435 | $ | (663 | ) | ||||
Other |
43 | 27 | (7 | ) | ||||||||
|
|
|
|
|
|
|||||||
Total other comprehensive (loss) income, net of tax |
$ | (677 | ) | $ | 462 | $ | (670 | ) | ||||
|
|
|
|
|
|
|||||||
Total comprehensive income |
$ | 258 | $ | 478 | $ | 358 | ||||||
Noncontrolling interest adjustment for consolidated net expenses, net of tax |
96 | 94 | 82 | |||||||||
|
|
|
|
|
|
|||||||
Total comprehensive income attributable to Nationwide Life Insurance Company |
$ | 354 | $ | 572 | $ | 440 | ||||||
|
|
|
|
|
|
See accompanying notes to consolidated financial statements.
3
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Balance Sheets
December 31, | ||||||||
(in millions, except for share and per share amounts) |
2015 | 2014 | ||||||
Assets |
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Investments: |
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Fixed maturity securities, available-for-sale |
$ | 37,570 | $ | 35,418 | ||||
Mortgage loans, net of allowance |
8,396 | 7,270 | ||||||
Policy loans |
993 | 992 | ||||||
Short-term investments |
766 | 935 | ||||||
Other investments |
943 | 822 | ||||||
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Total investments |
$ | 48,668 | $ | 45,437 | ||||
Cash and cash equivalents |
67 | 77 | ||||||
Accrued investment income |
477 | 670 | ||||||
Deferred policy acquisition costs |
5,200 | 4,063 | ||||||
Goodwill |
200 | 200 | ||||||
Other assets |
2,328 | 5,001 | ||||||
Separate account assets |
87,238 | 88,076 | ||||||
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Total assets |
$ | 144,178 | $ | 143,524 | ||||
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Liabilities and equity |
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Liabilities |
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Future policy benefits and claims |
$ | 45,397 | $ | 40,730 | ||||
Short-term debt |
400 | 660 | ||||||
Long-term debt |
707 | 709 | ||||||
Other liabilities |
2,042 | 5,313 | ||||||
Separate account liabilities |
87,238 | 88,076 | ||||||
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Total liabilities |
$ | 135,784 | $ | 135,488 | ||||
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Shareholders equity |
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Common stock ($1 par value; authorized - 5,000,000 shares, issued and outstanding - 3,814,779 shares) |
$ | 4 | $ | 4 | ||||
Additional paid-in capital |
1,718 | 1,718 | ||||||
Retained earnings |
5,661 | 4,630 | ||||||
Accumulated other comprehensive income |
367 | 1,044 | ||||||
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Total shareholders equity |
$ | 7,750 | $ | 7,396 | ||||
Noncontrolling interests |
644 | 640 | ||||||
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Total equity |
$ | 8,394 | $ | 8,036 | ||||
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Total liabilities and equity |
$ | 144,178 | $ | 143,524 | ||||
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See accompanying notes to consolidated financial statements.
4
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Equity
(in millions) |
Common stock |
Additional paid-in capital |
Retained earnings |
Accumulated other comprehensive income |
Total shareholders equity |
Non- controlling interest |
Total equity |
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Balance as of December 31, 2012 |
$ | 4 | $ | 1,718 | $ | 3,410 | $ | 1,252 | $ | 6,384 | $ | 347 | $ | 6,731 | ||||||||||||||
Comprehensive income (loss): |
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Net income (loss) |
$ | | $ | | $ | 1,110 | $ | | $ | 1,110 | $ | (82 | ) | $ | 1,028 | |||||||||||||
Other comprehensive income |
| | | (670 | ) | (670 | ) | | (670 | ) | ||||||||||||||||||
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Total comprehensive income (loss) |
$ | | $ | | $ | 1,110 | $ | (670 | ) | $ | 440 | $ | (82 | ) | $ | 358 | ||||||||||||
Change in noncontrolling interest |
| | | | | 415 | 415 | |||||||||||||||||||||
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Balance as of December 31, 2013 |
$ | 4 | $ | 1,718 | $ | 4,520 | $ | 582 | $ | 6,824 | $ | 680 | $ | 7,504 | ||||||||||||||
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Comprehensive income (loss): |
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Net income (loss) |
$ | | $ | | $ | 110 | $ | | $ | 110 | $ | (94 | ) | $ | 16 | |||||||||||||
Other comprehensive loss |
| | | 462 | 462 | | 462 | |||||||||||||||||||||
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Total comprehensive income (loss) |
$ | | $ | | $ | 110 | $ | 462 | $ | 572 | $ | (94 | ) | $ | 478 | |||||||||||||
Change in noncontrolling interest |
| | | | | 54 | 54 | |||||||||||||||||||||
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Balance as of December 31, 2014 |
$ | 4 | $ | 1,718 | $ | 4,630 | $ | 1,044 | $ | 7,396 | $ | 640 | $ | 8,036 | ||||||||||||||
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Comprehensive income (loss): |
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Net income (loss) |
$ | | $ | | $ | 1,031 | $ | | $ | 1,031 | $ | (96 | ) | $ | 935 | |||||||||||||
Other comprehensive loss |
| | | (677 | ) | (677 | ) | | (677 | ) | ||||||||||||||||||
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Total comprehensive income (loss) |
$ | | $ | | $ | 1,031 | $ | (677 | ) | $ | 354 | $ | (96 | ) | $ | 258 | ||||||||||||
Change in noncontrolling interest |
| | | | | 100 | 100 | |||||||||||||||||||||
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Balance as of December 31, 2015 |
$ | 4 | $ | 1,718 | $ | 5,661 | $ | 367 | $ | 7,750 | $ | 644 | $ | 8,394 | ||||||||||||||
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See accompanying notes to consolidated financial statements.
5
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Consolidated Statements of Cash Flows
Year ended December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Cash flows from operating activities |
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Net income |
$ | 935 | $ | 16 | $ | 1,028 | ||||||
Adjustments to net income: |
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Net realized investment (gains) losses, including other-than-temporary impairment losses |
(82 | ) | 1,078 | (678 | ) | |||||||
Interest credited to policyholder account values |
1,078 | 1,096 | 1,067 | |||||||||
Capitalization of deferred policy acquisition costs |
(870 | ) | (685 | ) | (604 | ) | ||||||
Amortization of deferred policy acquisition costs |
68 | 207 | 374 | |||||||||
Amortization and depreciation |
107 | 128 | 77 | |||||||||
Deferred tax expense (benefit) |
217 | (152 | ) | 346 | ||||||||
Changes in: |
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Policy liabilities |
(249 | ) | (421 | ) | (475 | ) | ||||||
Derivatives, net |
(141 | ) | (181 | ) | (483 | ) | ||||||
Other, net |
(280 | ) | (59 | ) | 88 | |||||||
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Net cash provided by operating activities |
$ | 783 | $ | 1,027 | $ | 740 | ||||||
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Cash flows from investing activities |
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Proceeds from maturities of available-for-sale securities |
$ | 2,828 | $ | 2,798 | $ | 3,689 | ||||||
Proceeds from sales of available-for-sale securities |
466 | 647 | 1,091 | |||||||||
Purchases of available-for-sale securities |
(7,106 | ) | (5,640 | ) | (6,842 | ) | ||||||
Proceeds from repayments and sales of mortgage loans |
1,027 | 920 | 1,091 | |||||||||
Issuances of mortgage loans |
(2,155 | ) | (1,837 | ) | (1,593 | ) | ||||||
Net sales (purchases) of short-term investments |
169 | (524 | ) | 654 | ||||||||
Collateral received (paid), net |
48 | 399 | (637 | ) | ||||||||
Other, net |
(136 | ) | (94 | ) | 42 | |||||||
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Net cash used in investing activities |
$ | (4,859 | ) | $ | (3,331 | ) | $ | (2,505 | ) | |||
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Cash flows from financing activities |
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Net change in short-term debt |
$ | (260 | ) | $ | 382 | $ | (22 | ) | ||||
Proceeds from issuance of long-term debt |
| | 2 | |||||||||
Repayments of long-term debt |
(2 | ) | | (299 | ) | |||||||
Investment and universal life insurance product deposits |
8,224 | 6,037 | 6,139 | |||||||||
Investment and universal life insurance product withdrawals |
(3,884 | ) | (4,095 | ) | (4,034 | ) | ||||||
Other, net |
(12 | ) | (4 | ) | (22 | ) | ||||||
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Net cash provided by financing activities |
$ | 4,066 | $ | 2,320 | $ | 1,764 | ||||||
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Net (decrease) increase in cash and cash equivalents |
$ | (10 | ) | $ | 16 | $ | (1 | ) | ||||
Cash and cash equivalents at beginning of year |
77 | 61 | 62 | |||||||||
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Cash and cash equivalents at end of year |
$ | 67 | $ | 77 | $ | 61 | ||||||
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See accompanying notes to consolidated financial statements.
6
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(1) | Nature of Operations |
Nationwide Life Insurance Company (NLIC, or collectively with its subsidiaries, the Company) was incorporated in 1929 and is an Ohio domiciled stock life insurance company. The Company is a member of the Nationwide group of companies (Nationwide), which is comprised of Nationwide Mutual Insurance Company (NMIC) and all of its subsidiaries and affiliates.
All of the outstanding shares of NLICs common stock are owned by Nationwide Financial Services, Inc. (NFS), a holding company formed by Nationwide Corporation (Nationwide Corp.), a majority-owned subsidiary of NMIC.
The Company is a leading provider of long-term savings and retirement products in the United States of America (U.S.). The Company develops and sells a wide range of products and services, which include fixed and variable individual annuities, private and public sector group retirement plans, life insurance, investment advisory services, banking products and services, mutual funds and other investment products.
The Company sells its products through a diverse distribution network. Unaffiliated entities that sell the Companys products to their own customer bases include independent broker-dealers, financial institutions, wirehouse and regional firms, pension plan administrators and life insurance specialists. Representatives of affiliates who market products directly to a customer base include Nationwide Retirement Solutions, Inc. (NRS) and Nationwide Financial Network (NFN) producers, which includes the agency distribution force of the Companys ultimate parent company, NMIC.
Wholly-owned subsidiaries of NLIC as of December 31, 2015 include Nationwide Life and Annuity Insurance Company (NLAIC), Nationwide Investment Services Corporation (NISC), Nationwide Investment Advisor (NIA) and Eagle Captive Reinsurance, LLC (Eagle). NLAIC primarily offers universal life insurance, variable universal life insurance, term life insurance, corporate-owned life insurance (COLI) and individual annuity contracts on a non-participating basis. NISC is a registered broker-dealer. NIA is a registered investment advisor.
Eagle is an Ohio domiciled special purpose financial captive insurance company, and a member of the Nationwide group of companies, which is comprised of NMIC and all of its subsidiaries and affiliates. Eagle is a wholly-owned subsidiary of NLIC. Eagle commenced operations effective October 1, 2015, following surplus contributions of $50 million by NLIC for the purpose of assuming net of third party reinsurance, 100% of NLICs liability with respect to specified guaranteed minimum death benefits (GMDB) and guaranteed lifetime withdrawal benefits (GLWB) provided under substantially all of the variable annuity contracts issued and to be issued by NLIC. The base annuity contracts and any non-reinsured risks will be retained by NLIC.
As of December 31, 2015 and 2014, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region. Also, the Company did not have a concentration of business transactions with a particular customer, lender, distribution source, market or geographic region in which a single event could cause a severe impact on the Companys financial position.
(2) | Summary of Significant Accounting Policies |
Basis of Presentation
The consolidated financial statements include the accounts of NLIC and companies in which NLIC directly or indirectly has a controlling financial interest. The consolidated financial statements include majority-owned subsidiaries and consolidated variable interest entities (VIEs). All intercompany accounts and transactions have been eliminated.
Use of Estimates
The Companys consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). The preparation of the consolidated financial statements in accordance with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates include the balance and amortization of deferred policy acquisition costs (DAC), legal and regulatory reserves, certain investment and derivative valuations, future policy benefits and claims including the valuation of embedded derivatives resulting from living benefit guarantees on variable annuity contracts expected to net settle, goodwill, provision for income taxes and valuation of deferred tax assets. Actual results could differ significantly from those estimates.
7
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Revenues and Benefits
Investment and universal life insurance products. Investment products are long-duration contracts that do not subject the Company to significant risk arising from mortality (the incidence of death) or morbidity (the incidence of disability resulting from disease or physical impairment). These include variable and fixed deferred annuity contracts in the accumulation phase with individuals and groups, as well as certain annuities without life contingencies. Universal life insurance products include long-duration insurance contracts that do not have fixed or guaranteed terms. These include universal life insurance, variable universal life insurance, COLI, bank-owned life insurance (BOLI) and other interest-sensitive life insurance policies. Revenues for investment products and universal life insurance products consist of net investment income, surrender charges and other policy charges earned and assessed against policy account balances during the period. Policy charges are assessed on a daily or monthly basis and are recognized as revenue when assessed and earned. Assessments for services provided in future periods are recorded as unearned revenue and recognized as revenue over the periods benefited. Surrender charges are recognized as revenue upon surrender of a contract in accordance with contractual terms. Policy benefits and claims that are charged to expense include interest credited to policyholder accounts and benefits and claims incurred in the period in excess of related policyholder accounts.
Traditional life insurance products. Traditional life insurance products include those products with fixed and guaranteed terms, primarily consisting of whole life insurance, term life insurance and certain annuities with life contingencies. Premiums for traditional life insurance products are generally recognized as revenue when due. For certain annuities with life contingencies, any excess of gross premium over the net premium is deferred and recognized with the amount of expected future benefits. Benefits and expenses are associated with earned premiums so that profits are recognized over the life of the contract. This association is accomplished through the provision for future policy benefits and the deferral and amortization of policy acquisition costs.
Future Policy Benefits and Claims
Investment and universal life insurance products. The Company calculates its liability for future policy benefits and claims for investment products in the accumulation phase and for universal life insurance policies at the policy accrued account balance, which represents participants net deposits adjusted for investment performance, interest credited and applicable contract charges.
The Company offers guarantees which can include a return of no less than the total deposits made on the contract less any customer withdrawals, total deposits made on the contract less any customer withdrawals plus a minimum return, or the highest contract value on a specified anniversary date minus any customer withdrawals following the contract anniversary. These guarantees can also include benefits payable in the event of death, upon annuitization, upon periodic withdrawal or at specified dates during the accumulation period. Refer to Note 4 for further discussion of these guarantees.
As part of its valuation procedures, the Company makes an assumption of the expected utilization of guarantee benefits by participants. Guarantees that include a benefit that is wholly life contingent or is expected to be exercised upon annuitization are accounted for as insurance liabilities that accumulate over time. Guarantees that are expected to be exercised using a net settlement option are accounted for as embedded derivatives, which are required to be separated from, and valued apart from, the host variable annuity contracts.
Guarantees on variable annuity and fixed annuity products accounted for as insurance liabilities primarily include GMDB and certain GLWB. Liabilities for these guarantees are calculated by multiplying the current benefit ratio by the cumulative assessments recorded from contract inception through the balance sheet date, less the cumulative guaranteed benefit payments plus interest. The Company annually evaluates its experience and assumptions and adjusts the benefit ratio as appropriate. If experience or assumption changes result in a new benefit ratio, the reserves are adjusted to reflect the changes, with a related charge or credit to benefits and claims in the period of evaluation. Determination of the expected benefit payments and assessments are based on a range of scenarios and assumptions, including those related to market rates of return and volatility, contract surrenders and mortality experience. The accounting for these guarantees impacts estimated gross profits used to calculate the balance and amortization of DAC and other expenses. Refer to Note 4 for further discussion of these guarantees.
8
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Certain guaranteed minimum accumulation benefits (GMAB) and the GLWB that are expected to net settle on variable annuity products represent embedded derivatives which are held at fair value and include the present value of attributed fees. Subsequent changes in the fair value of the embedded derivatives are recognized in earnings as a component of net realized investment gains and losses. The fair value of the embedded derivatives is calculated based on a combination of capital market and actuarial assumptions. Projections of cash flows inherent in the valuation of the embedded derivatives incorporate numerous, unobservable assumptions including, but not limited to, mortality, lapse rates, index volatility, benefit utilization and discounting. Benefit utilization includes a wait period (the number of years the policyholder is assumed to wait prior to beginning withdrawals once eligible) and efficiency of benefit utilization (the percent of the maximum permitted withdrawal that a policyholder takes). Discounting includes liquidity and non-performance risk (the risk that the liability will not be fulfilled) and affects the value at which the liability is transferred. The Company derives these inputs, which vary widely by product, attained age, policy duration, benefits in the money and the existence of surrender charges, from experience and industry data.
The Company offers certain indexed life insurance and annuity products for which the policyholders interest credits are based on market performance with caps and floors. The interest credits represent embedded derivatives within the insurance contract and therefore are required to be separated, and valued apart from, the host contracts. The embedded derivatives are held at fair value. Subsequent changes in the fair value of the embedded derivatives are recognized in earnings as a component of interest credited. The fair value of the embedded derivatives is calculated based on a combination of capital market and actuarial assumptions. Projections of cash flows inherent in the valuation of the embedded derivatives incorporate numerous unobservable assumptions including, but not limited to, mortality, lapse rates and index volatility.
The assumptions used to calculate the fair value of embedded derivatives are reviewed as part of an annual comprehensive study of assumptions. Quarterly, consideration is given as to whether adjustments to these assumptions are necessary.
The Company offers certain universal life and variable universal life insurance products with no-lapse guarantees. Liabilities for these guarantees are calculated by multiplying the current benefit ratio by the cumulative assessments recorded from contract inception through the balance sheet date, less the cumulative guaranteed benefit payments plus interest. The Company annually evaluates its experience and assumptions and adjusts the benefit ratio as appropriate. If experience or assumption changes result in a new benefit ratio, the reserves are adjusted to reflect the changes with a related charge or credit to other benefits and claims in the period of evaluation. Determination of the expected benefit payments and assessments are based on a range of scenarios and assumptions, including those related to market rates of return and volatility, contract surrenders and mortality experience. The accounting for these guarantees impacts estimated gross profits used to calculate the balance and amortization of DAC and other expenses. Refer to Note 4 for further discussion of these guarantees.
Traditional life and other insurance products. The process of calculating reserve amounts for traditional life insurance products involves the use of a number of assumptions, including those related to persistency (the percentage of insurance policies remaining in-force from year to year), mortality, morbidity, interest rates (the rates expected to be paid or received on financial instruments) and certain other expenses.
The liability for future policy benefits and claims for traditional life insurance policies was determined using the net level premium method, with weighted average interest rates of 6.6% and estimates of mortality, morbidity, investment yields and persistency that were used or being experienced at the time the policies were issued, with a provision for adverse deviation.
The liability for future policy benefits for certain annuities with life contingencies was calculated using the present value of future benefits and certain expenses, discounted using weighted average interest rates of 4.7% with a provision for adverse deviation.
The Company issues fixed and floating rate funding agreements to the Federal Home Loan Bank of Cincinnati (FHLB). The liability for such funding agreements is recorded in future policy benefits and claims. The amount of collateralized funding agreements outstanding with the FHLB as of December 31, 2015 and 2014 was $2.3 billion and $1.8 billion, respectively. In connection with an FHLB requirement for funding agreements, the Company held $46 million and $35 million of FHLB stock as of December 31, 2015 and 2014, respectively.
9
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Reinsurance Ceded
The Company cedes insurance to other companies in order to limit potential losses and to diversify its exposures. Such agreements do not relieve the original insurer from its primary obligation to the policyholder in the event the reinsurer is unable to meet the obligations it has assumed. Reinsurance premiums ceded and reinsurance recoveries on benefits and claims incurred are deducted from the respective income and expense accounts. Assets and liabilities related to reinsurance ceded are reported in the consolidated balance sheets on a gross basis, separately from the related future policy benefits and claims of the Company.
Deferred Policy Acquisition Costs
The Company has deferred certain acquisition costs that are directly related to the successful acquisition of new and renewal insurance and investment contracts. The methods and assumptions used to amortize and assess recoverability of the DAC balance depend on the type of product.
Investment and universal life insurance products. For certain investment and universal life insurance products, DAC is amortized with interest over the lives of the policies in relation to the present value of estimated gross profits, which is determined primarily from projected interest margins, policy charges and net realized investment gains and losses, less policy benefits and other expenses. The DAC asset related to investment and universal life insurance products is adjusted to reflect the impact of unrealized gains and losses on available-for-sale securities, with the corresponding adjustment recorded in accumulated other comprehensive income (AOCI). This adjustment to DAC represents the change in amortization that would have been required as a charge or credit to earnings had such unrealized amounts been realized. DAC for investment and universal life insurance products is subject to recoverability testing in the year of policy issuance, and DAC for universal life insurance products is also subject to loss recognition testing at the end of each reporting period.
The assumptions used in the estimation of gross profits are based on the Companys current best estimates of future events and are reviewed as part of an annual comprehensive study of assumptions. The most significant assumptions that are involved in the estimation of future gross profits include future net general and separate account investment performance, surrender/lapse rates, interest margins, renewal premiums and mortality. Quarterly, consideration is given as to whether adjustments to these assumptions are necessary. The Company uses a reversion to the mean process to determine the assumption for the future net separate account investment performance. This process assumes different performance levels over the next three years, such that the separate account mean return, measured from the anchor date to the end of the life of the product, equals the long-term assumption. The Companys long-term assumptions for net separate account investment performance consist of assumed gross returns of 10.5% for equity funds and 5.0% for fixed funds.
Changes in assumptions can have a significant impact on the amount of DAC reported for investment and universal life insurance products and on their related amortization patterns. In the event actual experience differs from assumptions or future assumptions are revised, the Company will record an increase or decrease in DAC amortization expense, which could be significant.
Traditional life insurance products. DAC is amortized with interest over the premium-paying period of the related policies in proportion to premium revenue recognized. These assumptions are consistent with those used in the calculation of liabilities for future policy benefits at issuance. DAC is evaluated for recoverability in the year of policy issuance, and loss recognition testing is conducted each reporting period.
Refer to Note 5 for discussion regarding DAC amortization and related balances.
Investments
Available-for-sale securities. Available-for-sale securities are reported at fair value, with unrealized gains and losses reported as a separate component of other comprehensive income, net of adjustments for DAC, future policy benefits and claims, policyholder dividend obligations and deferred federal income taxes. Realized gains and losses on sales of available-for-sale securities are recognized in income based on the specific identification method. Interest and dividend income is recognized when earned.
As of December 31, 2015 and 2014, 99% of fixed maturity securities were priced using externally sourced data. Independent pricing services are most often utilized (86% and 87% as of December 31, 2015 and 2014, respectively) to determine the fair value of securities for which market quotations are available. For these securities, the Company obtains the pricing services methodologies, pricing from additional sources, and classifies the investments accordingly in the fair value hierarchy.
10
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
A corporate pricing matrix is used in valuing certain corporate debt securities. The corporate pricing matrix was developed using publicly and privately available spreads for privately placed corporate securities with varying weighted average lives and credit quality ratings. The weighted average life and credit quality rating of a particular fixed maturity security to be priced using the corporate pricing matrix are important inputs into the model and are used to determine a corresponding spread that is added to the appropriate U.S. Treasury yield to create an estimated market yield for that security. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular security.
Non-binding broker quotes are also utilized to determine the fair value of certain fixed maturity securities when deemed appropriate or when quotes are not available from independent pricing services or a corporate pricing matrix. These securities, consisting primarily of private placement corporate bonds, are classified with the lowest priority in the fair value hierarchy as only one broker quote is ordinarily obtained, the investment is not traded on an exchange, the pricing is not available to other entities and/or the transaction volume in the same or similar investments has decreased. Inputs used in the development of prices are not provided to the Company by the brokers, as the brokers often do not provide the necessary transparency into their quotes and methodologies. At least annually, the Company performs reviews and tests to ensure that quotes are a reasonable estimate of the investments fair value. Price movements of broker quotes are subject to validation and require approval from the Companys management. Management uses its knowledge of the investment and current market conditions to determine if the price is indicative of the investments fair value.
When the collectability of contractual interest payments on fixed maturity securities is considered doubtful, such securities are placed in non-accrual status and any accrued interest is excluded from investment income. These securities are not restored to accrual status until the Company determines that future payment of principal and interest is probable.
The Company has entered into securities lending agreements with a custodial bank whereby eligible securities are loaned to third parties, primarily major brokerage firms. These transactions are used to generate additional income in the securities portfolio. The Company is entitled to receive from the borrower any payments of interest and dividends received on loaned securities during the loan term. The agreements require a minimum of 102% of the fair value of the loaned securities to be held as collateral. Cash collateral is invested by the custodial bank in investment-grade securities, which are included in the total investments of the Company. Additionally, the Company may receive non-cash collateral, which would be recorded off-balance sheet. As of December 31, 2015 and December 31, 2014, the fair value of the securities received as collateral and recorded off balance sheet is $167 million and $0, respectively. The Company recognizes loaned securities in available-for-sale investments. A securities lending payable is recorded in other liabilities for the amount of cash collateral received. Net income received from securities lending activities is included in net investment income. As of December 31, 2015 and 2014, the fair value of loaned securities was $389 million and $254 million, respectively.
For investments in certain residential and commercial mortgage-backed securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method, based on prepayment assumptions and the estimated economic life of the securities. When actual prepayments differ significantly from estimated prepayments, the effective-yield is recalculated to reflect actual payments to date and anticipated future payments. Any resulting adjustment is included in net investment income in the period the estimates are revised. All other investment income is recorded using the effective-yield method without anticipating the impact of prepayments.
The Company periodically reviews its available-for-sale securities to determine if any decline in fair value to below amortized cost is other-than-temporary. Factors considered in determining whether a decline is other-than-temporary include the length of time a security has been in an unrealized loss position, the severity of the unrealized loss, reasons for the decline in value and expectations for the amount and timing of a recovery in fair value.
In assessing corporate debt securities for other-than-temporary impairment, the Company evaluates the ability of the issuer to meet its debt obligations, the value of the company or specific collateral securing the debt, the Companys intent to sell the security and whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost basis. The Company evaluates U.S. government, agencies and obligations of states and political subdivisions securities for other-than-temporary impairment by examining similar characteristics.
Mortgage-backed securities are assessed for impairment using default estimates based on loan level data, where available. Where loan level data is not available, a proxy based on collateral characteristics is used. The impairment assessment considers loss severity as a function of multiple factors, including unpaid balance, interest rate, mortgage insurance ratios, assessed property value at origination, change in property value, loan-to-value (LTV) ratio at origination and prepayment speeds. Cash flows generated by the collateral are then utilized, along with consideration of the instruments position in the overall structure, to determine cash flows associated with the security.
11
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Certain asset-backed securities are assessed for impairment using expected cash flows based on various inputs, including default estimates based on the underlying corporate securities, historical and forecasted loss severities or other market inputs when recovery estimates are not feasible. When the collateral is regional bank and insurance company trust preferred securities, default estimates used to estimate cash flows are based on U.S. Bank Rating service data and broker research.
The Company evaluates its intent to sell on an individual security basis. Other-than-temporary impairment losses on securities when the Company does not intend to sell the security and it is not more likely than not it will be required to sell the security prior to recovery of the securitys amortized cost basis are bifurcated, with the credit related portion of the impairment loss being recognized in earnings and the non-credit related portion of the impairment loss and any subsequent changes in the fair value of those debt securities being recognized in other comprehensive income, net of applicable taxes and other offsets. To estimate the credit related portion of an impairment loss recognized in earnings, the Company considers the present value of the cash flows. To the extent that the present value of cash flows generated by a debt security is less than the amortized cost, an other-than-temporary impairment is recognized through earnings.
It is possible that further declines in fair values of such investments, or changes in assumptions or estimates of anticipated recoveries and/or cash flows, may cause further other-than-temporary impairments, which could be significant.
The Company invests in fixed maturity securities that could qualify as variable interest entities (VIEs), including corporate securities, mortgage-backed securities and asset-backed securities. The Company is not the primary beneficiary of these securities as the Company does not have the power to direct the activities that most significantly impact the entities performance. The Companys potential loss is limited to the carrying values of these securities. There are no liquidity arrangements, guarantees or other commitments by third parties that affect the fair value of the Companys interest in these assets.
Mortgage loans, net of allowance. The Company holds commercial mortgage loans that are collateralized by properties throughout the U.S. These mortgage loans are further segregated into the following classes based on the unique risk profiles of the underlying property types: office, industrial, retail, apartment, hotel and other. Mortgage loans held-for-investment are held at amortized cost less a valuation allowance.
As part of the underwriting process, specific guidelines are followed to ensure the initial quality of a new mortgage loan. Third-party appraisals are obtained to support loaned amounts, as the loans are usually collateral dependent.
The collectability and value of a mortgage loan are based on the ability of the borrower to repay and/or the value of the underlying collateral. Many of the commercial mortgage loans are structured with balloon payment maturities, exposing the Company to risks associated with the borrowers ability to make the balloon payment or refinance the property.
Mortgage loans require a loan-specific reserve when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. When management determines that a loan requires a loan-specific reserve, a provision for loss is established equal to the difference between the carrying value and either the fair value of the collateral less costs to sell or the present value of expected future cash flows, discounted at the loans market interest rate. Loan-specific reserve charges are recorded in net realized investment gains and losses. In the event a loan-specific reserve charge is reversed, the recovery is also recorded in net realized investment gains and losses.
In addition to the loan-specific reserves, the Company maintains a non-specific reserve based primarily on loan surveillance categories and property type classes, which reflects managements best estimates of probable credit losses inherent in the portfolio of loans without specific reserves as of the balance sheet date. Managements periodic evaluation of the adequacy of the non-specific reserve is based on past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect a borrowers ability to repay, the estimated value of the underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. Non-specific reserve changes are recorded in net realized investment gains and losses.
Management evaluates the credit quality of individual commercial mortgage loans and the portfolio as a whole through a number of loan quality measurements, including but not limited to LTV and debt service coverage (DSC) ratios. The LTV ratio is calculated as a ratio of the amortized cost of a loan to the estimated value of the underlying collateral. DSC is the amount of cash flow generated by the underlying collateral of the mortgage loan available to meet periodic interest and principal payments of the loan. This process identifies commercial mortgage loans representing the lowest risk profile and lowest potential for loss and those representing the highest risk profile and highest potential for loss. These factors are updated and evaluated at least annually.
12
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Interest income on performing mortgage loans is recognized over the life of the loan using the effective-yield method. Loans in default or in the process of foreclosure are placed on non-accrual status. Interest received on non-accrual status mortgage loans is included in net investment income in the period received. Loans are restored to accrual status when the principal and interest is current and it is determined the future principal and interest payments are probable or the loan is modified. Loans are considered delinquent when contractual payments are 90 days past due.
Policy loans. Policy loans, which are collateralized by the related insurance policy, are held at the outstanding principal balance and do not exceed the net cash surrender value of the policy. As such, no valuation allowance for policy loans is required.
Short-term investments. Short-term investments consist primarily of highly liquid mutual funds and government agency discount notes with maturities of twelve months or less at acquisition. The Company and various affiliates maintain agreements with Nationwide Cash Management Company (NCMC), an affiliate, under which NCMC acts as a common agent in handling the purchase and sale of short-term securities for the respective accounts of the participants. Amounts on deposit with NCMC for the benefit of the Company are included in short-term investments on the consolidated balance sheets. The Company carries short-term investments at fair value.
Other investments. Other investments consist primarily of alternative investments in private equity, purchased tax credit funds and partnerships accounted for under the equity method, trading securities, equity securities and capital stock with the FHLB. The Company applies mark-to-market accounting to trading securities and recognizes changes in fair value in net realized investment gains and losses.
The Company holds investments in limited partnerships and similar entities including private equity funds, tax credit funds and real estate related funds. The Company applies the equity method of accounting to these investments as it does not have a controlling financial interest. The Company recognizes the change in equity method investments in net investment income. The Companys unfunded commitments related to these investments were $315 million and $123 million as of December 31, 2015 and 2014, respectively. The carrying value of these investments was $199 million and $141 million as of December 31, 2015 and 2014, respectively.
The Company has sold $1.4 billion and $1.3 billion in Tax Credit Funds to unrelated third parties as of December 31, 2015 and 2014, respectively. The Company has guaranteed after-tax benefits to the third party investors through periods ending in 2031. These guarantees are in effect for periods of approximately 15 years each. The Tax Credit Funds provide a stream of tax benefits to the investors that will generate a yield and return of capital. If the tax benefits are not sufficient to provide these cumulative after-tax yields, the Company must fund any shortfall. The maximum amount of undiscounted future payments that the Company could be required to pay the investors under the terms of the guarantees is $720 million, but the Company does not anticipate making any material payments related to the guarantees. The Companys risks are mitigated in the following ways: (1) the Company has the right to buyout the equity related to the guarantee under certain circumstances, (2) the Company may replace underperforming properties to mitigate exposure to guarantee payments and (3) the Company oversees the asset management of the deals.
In the normal course of business, the Company has relationships with VIEs. If the Company determines that it has a variable interest and is the primary beneficiary, it consolidates the VIE. The Company is the primary beneficiary if the Company has the power to direct the activities of the VIE that most significantly impact the economic performance of the entity and the obligation to absorb losses or receive benefits from the entity that could be potentially significant to the VIE. This determination is based on a review of the entitys contract and other deal-related information, such as the entitys equity investment at risk, decision-making abilities, obligations to absorb economic risks and right to receive economic rewards of the entity. These consolidated VIEs are primarily made up of the Tax Credit Funds discussed above.
Net assets (controlling and noncontrolling interests) of all consolidated VIEs totaled $644 million and $640 million as of December 31, 2015 and 2014, respectively, and are included within the balance sheet primarily as other investments of $585 million, other assets of $113 million and other liabilities of $67 million as of December 31, 2015, and other investments of $580 million, other assets of $109 million and other liabilities of $75 million as of December 31, 2014. The Companys general credit is not exposed to the creditors or beneficial interest holders of these consolidated VIEs. The results of operations and financial positions of each VIE for which the Company is the primary beneficiary, as well as the corresponding noncontrolling interests, are recorded in the consolidated financial statements. Ownership interests held by unrelated third parties in the consolidated VIEs are presented as noncontrolling interests in the equity section of the consolidated financial statements. Losses attributable to noncontrolling interests are excluded from the net income attributable to the Company on the consolidated statements of operations.
The Company is not required and does not intend to provide financial or other support outside of contractual requirements to any VIE.
13
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Derivative Instruments
The Company uses derivative instruments to manage exposures and mitigate risks primarily associated with interest rates, equity markets and foreign currency. These derivative instruments primarily include interest rate swaps, futures contracts and options. Certain features embedded in the Companys indexed products and certain variable annuity contracts require derivative accounting. All derivative instruments are held at fair value and are reflected as other assets or liabilities in the consolidated balance sheets.
The fair value of derivative instruments is determined using various valuation techniques relying predominantly on observable market inputs. These inputs include interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels. In cases where observable inputs are not available, the Company will utilize non-binding broker quotes to determine fair value, and these instruments are classified accordingly in the fair value hierarchy. Price movements of these broker quotes are subject to validation and require approval from the Companys management. Management uses models to internally value the instruments for comparison to the values received through broker quotes.
For derivatives that are not designated for hedge accounting, the gain or loss on the derivative is recognized in net realized investment gains and losses.
For derivative instruments that are designated and qualify for cash flow hedge accounting, the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income and reclassified into earnings in the same period or periods that the hedged transaction impacts earnings. The ineffective portion of the derivatives change in value, if any, along with any of the derivatives change in value that is excluded from the assessment of hedge effectiveness, are recorded in net realized investment gains and losses.
The Companys derivative transaction counterparties are generally financial institutions. To reduce the credit risk associated with open contracts, the Company enters into master netting agreements, which permit the closeout and netting of transactions with the same counterparty upon the occurrence of certain events. In addition, the Company attempts to reduce credit risk by obtaining collateral from counterparties. The determination of the need for and the levels of collateral vary based on an assessment of the credit risk of the counterparty. The Company accepts collateral in the forms of cash and marketable securities.
Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Companys view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. In determining fair value, the Company uses various methods, including market, income and cost approaches.
The Company categorizes its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.
The Company categorizes assets and liabilities held at fair value in the consolidated balance sheets as follows:
Level 1. Unadjusted quoted prices accessible in active markets for identical assets or liabilities at the measurement date and mutual funds, where the value per share (unit) is determined and published daily and is the basis for current transactions.
Level 2. Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, London Interbank Offered Rate (LIBOR), prime rates, cash flows, maturity dates, call ability, estimated prepayments and/or underlying collateral values.
Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect managements best estimates of the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.
14
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The Company reviews its fair value hierarchy classifications for assets and liabilities quarterly. Changes in the observability of significant valuation inputs identified during these reviews may trigger reclassifications. Reclassifications are reported as transfers at the beginning of the period in which the change occurs.
Fair Value Option. The Company assesses the fair value option election for newly acquired assets or liabilities on a prospective basis. There are no material assets or liabilities for which the Company has elected the fair value option.
Cash and Cash Equivalents
Cash and cash equivalents include highly liquid investments with original maturities of less than three months.
Goodwill
In connection with business acquisitions, the Company recognizes goodwill as the excess of the purchase price or fair value of consideration exchanged over the fair values of tangible assets acquired, liabilities assumed and separately identified intangible assets. Goodwill is not amortized, but is evaluated for impairment at the reporting unit level annually. Goodwill of a reporting unit is tested for impairment on an interim basis, in addition to the annual evaluation, if an event occurs or circumstances change which would more likely than not reduce the fair value of a reporting unit below its carrying amount. If a reporting units fair value is less than its carrying value, the Company will calculate implied goodwill. Goodwill is impaired at the reporting unit level if its carrying value exceeds the implied value of its goodwill.
The process of evaluating goodwill for impairment requires several judgments and assumptions to be made to determine the fair value of the reporting units, including the method used to determine fair value, discount rates, expected levels of cash flows, revenues and earnings and the selection of comparable companies used to develop market-based assumptions. The Company performed its 2015 annual impairment test and determined that no impairment was required. As of December 31, 2015 and 2014, there were no accumulated impairments.
Closed Block
In connection with the sponsored demutualization of Provident Mutual Life Insurance Company (Provident) prior to its acquisition by the Company, Provident established a closed block for the benefit of certain classes of individual participating policies that had a dividend scale payable in 2001. Assets were allocated to the closed block in an amount that produces cash flows which, together with anticipated revenues from closed block business, is reasonably expected to be sufficient to provide for (1) payment of policy benefits, specified expenses and taxes, and (2) the continuation of dividends throughout the life of the Provident policies included in the closed block based upon the dividend scales payable for 2001, if the experience underlying such dividend scales continues.
Assets allocated to the closed block benefit only the holders of the policies included in the closed block and will not revert to the benefit of the Company. No reallocation, transfer, borrowing or lending of assets can be made between the closed block and other portions of the Companys general account, any of its separate accounts, or any affiliate of the Company without the approval of the Pennsylvania Insurance Department and ODI. The closed block will remain in effect as long as any policy in the closed block is in force.
If, over time, the aggregate performance of the closed block assets and policies is better than was assumed in funding the closed block, dividends to policyholders will increase. If, over time, the aggregate performance of the closed block assets and policies is less favorable than was assumed in the funding, dividends to policyholders could be reduced. If the closed block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from the Companys assets outside of the closed block, which are general account assets.
The assets and liabilities allocated to the closed block are recorded in the Companys consolidated financial statements on the same basis as other similar assets and liabilities. The carrying amount of closed block liabilities in excess of the carrying amount of closed block assets at the date Provident was acquired by the Company represents the maximum future earnings from the assets and liabilities designated to the closed block that can be recognized in income, for the benefit of stockholders, over the period the policies in the closed block remain in force.
If actual cumulative earnings exceed expected cumulative earnings, the expected earnings are recognized in income. This is because the excess actual cumulative earnings over expected cumulative earnings, which represents undistributed accumulated earnings attributable to policyholders, is recorded as a policyholder dividend obligation. Therefore, the excess will be paid to closed block policyholders as an additional policyholder dividend expense in the future unless it is otherwise offset by future performance of the closed block that is less favorable than originally expected. If actual cumulative performance is less favorable than expected, actual earnings will be recognized in income.
15
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The principal cash flow items that affect the amount of closed block assets and liabilities are premiums, net investment income, purchases and sales of investments, policyholder benefits, policyholder dividends, premium taxes and income taxes. The principal income and expense items excluded from the closed block are management and maintenance expenses, commissions and net investment income and realized gains and losses on investments held outside of the closed block that support the closed block business, all of which enter into the determination of total gross margins of closed block policies. See Note 10 for further disclosure.
Separate Accounts
Separate account assets and liabilities represent contractholders funds that have been legally segregated into accounts with specific investment objectives. In the separate account, investment income and gains and losses on investments accrue directly to, and investment risk is borne by, the contractholder. Separate account assets are primarily comprised of public, privately-registered and non-registered mutual funds. Separate account assets are recorded at fair value based on the methodology that would be applicable to the underlying assets. The value of separate account liabilities is set to equal the fair value for separate account assets.
Federal Income Taxes
The Company recognizes deferred tax assets and liabilities for the expected future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, net operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. Under this method, the effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded to reduce a deferred tax asset to the amount expected to be realized. Interest expense and any associated penalties which relate to tax years still subject to review by the Internal Revenue Service (IRS) are recorded as income tax expenses.
The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to change the provision for federal income taxes recorded in the consolidated financial statements, which could be significant.
Tax reserves are reviewed regularly and are adjusted as events occur that the Company believes impact its liability for additional taxes, such as the lapsing of applicable statutes of limitations, conclusion of tax audits or substantial agreement with taxing authorities on the deductibility/nondeductibility of uncertain items, additional exposure based on current calculations, identification of new issues, release of administrative guidance or rendering of a court decision affecting a particular tax issue. The Company believes its tax reserves reasonably provide for potential assessments that may result from IRS examinations and other tax-related matters for all open tax years.
Effective January 1, 2015, the Company is included in the NMIC consolidated federal income tax return. Prior to 2015, NLIC filed a separate consolidated federal income tax return with its subsidiaries.
Participating Business
Participating business, which refers to policies that participate in profits through policyholder dividends, represented approximately 3% of the Companys life insurance in force in 2015 (4% in 2014 and 2013) and 35% of the number of life insurance policies in force in 2015 (37% in 2014 and 38% in 2013). The provision for policyholder dividends was based on the respective years dividend scales and has been included in future policy benefits and claims in the consolidated balance sheets.
Subsequent Events
The Company evaluated subsequent events through February 23, 2016, the date the consolidated financial statements were issued.
(3) | Recently Issued Accounting Standards |
Adopted Accounting Standards
On January 1, 2015, the Company adopted ASU 2014-04, which amends existing guidance in ASC 310, Receivables and ASC 360, Property, Plant and Equipment. The amended guidance provides clarification on the accounting for situations in which a creditor obtains collateral assets in satisfaction of all or part of a receivable. The adoption of this guidance had no impact on the Companys consolidated financial statements.
16
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
On January 1, 2015, the Company adopted ASU 2014-11, which amends existing guidance in ASC 860, Transfers and Servicing. The amended guidance amends certain criteria when evaluating effective control in certain repurchase agreement transactions and eliminates specific guidance on repurchase financing and requires that these transactions be treated in the same manner as repurchase transactions. Additionally, the amended guidance requires additional disclosures for repurchase agreements. The adoption of this guidance had no impact on the Companys consolidated financial statements.
On January 1, 2015, the Company adopted ASU 2014-14, which amends ASC 310, Receivables. The amended guidance requires creditors to classify certain foreclosed government guaranteed mortgage loans as a receivable from the guarantor that is measured at the amount expected to be recovered under the guarantee, without treating the guarantee as a separate unit of account. The adoption of this guidance had no impact on the Companys consolidated financial statements.
On January 1, 2015, the Company adopted ASU 2014-17, which amends ASC 805, Business Combinations. The amended guidance gives an acquired entity the option to apply pushdown accounting in its stand-alone financial statements. The adoption of this guidance had no impact on the Companys consolidated financial statements.
On January 1, 2015, the Company adopted ASU 2015-02, which amends existing guidance in ASC 810, Consolidation. The amended guidance changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a variable interest entity (VIE), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. The adoption of this guidance had no impact on the Companys consolidated financial statements.
Pending Accounting Standards
In January 2015, the FASB issued ASU 2015-01, which amends existing guidance in ASC 225, Income Statement. The amended guidance eliminates the concept of extraordinary items. The Company will adopt the ASU for annual periods beginning January 1, 2016. The guidance will have no material impact to the Company upon adoption.
In April 2015, the FASB issued ASU 2015-03, which amends existing guidance in ASC 835, Interest. The amended guidance presents debt issuance costs in the balance sheet as a direct deduction from the carrying amount of the corresponding debt liability. The Company will adopt the ASU for annual periods beginning January 1, 2016. The guidance will have no material impact to the Company upon adoption.
In May 2015, the FASB issued ASU 2015-07, which amends ASC 820, Fair Value Measurements. The amended guidance eliminates the requirement to categorize investments using net asset value as fair value within the fair value hierarchy. The Company will adopt the ASU for annual periods beginning January 1, 2016. The adoption of this guidance will result in changes to disclosures only.
In May 2015, the FASB issued ASU 2015-09, which amends ASC 944, Financial Services-Insurance. The amended guidance requires additional disclosures for short duration insurance contracts. The Company will adopt the ASU for annual periods beginning January 1, 2016. The guidance will have no material impact to the Company upon adoption.
In August 2015, the FASB issued ASU 2015-14, which amends ASC 606, Revenue from Contracts from Customers. The amended guidance defers the effective date of ASU 2014-09 for all entities by one year. The Company does not expect the adoption of this guidance to have any impact on the Companys consolidated financial statements.
In January 2016, the FASB issued ASU 2016-01, Financial Instruments Overall: Recognition and Measurement of Financial Assets and Liabilities. The amended guidance primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The Company will adopt the ASU for interim and annual periods beginning January 1, 2018. The Company is currently in the process of determining the impact of adoption.
(4) | Certain Long-Duration Contracts |
Variable Annuity Contracts
The Company provides various forms of guarantees to benefit the related contractholders of variable annuity contracts issued through separate accounts. The Company provides four primary guarantee types: (1) GMDB, (2) GLWB, (3) GMAB and (4) guaranteed minimum income benefits (GMIB).
17
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The GMDB, offered on variable annuity contracts, provides a specified minimum return upon death. Many of these death benefits are spousal, whereby a death benefit will be paid upon death of the first spouse. The survivor has the option to terminate the contract or continue it by having the death benefit paid into the contract and having a second death benefit paid upon the survivors death.
The GLWB, primarily offered in the Companys Lifetime Income products, are living benefits that provide for enhanced retirement income security without the liquidity loss associated with annuitization. The withdrawal rates vary based on the age when withdrawals begin and are applied to a benefit base to determine the guaranteed lifetime income amount available to a contractholder. The benefit base is equal to the variable annuity premium at contract issuance and may increase as a result of a feature driven by minimum return and policy duration.
The GMAB, which was offered in the Companys Capital Preservation Plus product, is a living benefit that provides the contractholder with a guaranteed return of deposits, adjusted proportionately for withdrawals, after a specified time period (5, 7 or 10 years) selected by the contractholder at the issuance of the variable annuity contract. In some cases, the contractholder also has the option, after a specified time period, to drop the guarantee and continue the variable annuity contract without the GMAB. In general, the GMAB requires a minimum allocation to guaranteed term options or adherence to limitations required by an approved asset allocation strategy.
The GMIB, which was offered with several variable annuity contracts, is a living benefit that provides the contractholder with a guaranteed annuitization stream of income.
The following table summarizes information regarding variable annuity contracts with guarantees invested in general and separate accounts, as of the dates indicated (a contract may contain multiple guarantees):
December 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
(in millions) |
General account value |
Separate account value |
Net amount at risk1 |
Average age2 |
General account value |
Separate account value |
Net amount at risk1 |
Average age2 |
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Contracts with GMDB: |
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Return of net deposits |
$ | 885 | $ | 24,452 | $ | 208 | 66 | $ | 872 | $ | 23,079 | $ | 21 | 65 | ||||||||||||||||||
Minimum return or anniversary contract value |
1,817 | 31,511 | 1,133 | 70 | 1,918 | 33,662 | 292 | 69 | ||||||||||||||||||||||||
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Total contracts with GMDB |
$ | 2,702 | $ | 55,963 | $ | 1,341 | 68 | $ | 2,790 | $ | 56,741 | $ | 313 | 68 | ||||||||||||||||||
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GLWB Minimum return or anniversary contract value3 |
$ | 141 | $ | 32,187 | $ | 142 | 67 | $ | 135 | $ | 31,406 | $ | 195 | 66 | ||||||||||||||||||
GMAB Return of net deposits3 |
$ | 19 | $ | 496 | $ | 2 | 66 | $ | 43 | $ | 1,177 | $ | | 67 | ||||||||||||||||||
GMIB Minimum return or anniversary contract value |
$ | 46 | $ | 380 | $ | 1 | 67 | $ | 45 | $ | 451 | $ | 1 | 66 | ||||||||||||||||||
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1 | Net amount at risk is calculated on a policy-level basis and equals the respective guaranteed benefit less the account value (or zero if the account value exceeds the guaranteed benefit). |
2 | Represents the weighted average attained age of contractholders at the respective date. |
3 | Certain prior period amounts related to contracts with a hybrid accumulation/withdrawal benefit have been reclassified to conform with current period presentation. |
18
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table summarizes the reserve balances for guarantees on variable annuity contracts, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
GMDB |
$ | 148 | $ | 76 | ||||
GLWB1 |
$ | 180 | $ | 185 | ||||
GMAB1 |
$ | | $ | (8 | ) | |||
GMIB |
$ | 2 | $ | 1 |
1 | Certain prior period amounts related to contracts with a hybrid accumulation/withdrawal benefit have been reclassified to conform with current period presentation. |
During 2015, the Company recognized a net decrease in the liability for future policy benefits and claims in conjunction with the annual comprehensive review of assumptions, primarily related to the Companys assumption for participant benefit utilization of the net settlement option within the GLWB. The Company changed its estimate to reduce expected utilization of the net settlement option. For the year ended December 31, 2015, the change in estimate resulted in net realized investment gains of $187 million, an increase to benefits and claims of $164 million and lower amortization of deferred policy acquisition costs of $28 million.
Paid claims for GMDBs were $20 million and $11 million for the years ended December 31, 2015 and 2014, respectively.
Paid claims for GLWBs, GMABs and GMIBs were immaterial for the years ended December 31, 2015 and 2014.
The following table summarizes the account balances of deferred variable annuity contracts with guarantees invested in separate accounts, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
Mutual funds: |
||||||||
Bond |
$ | 5,371 | $ | 5,280 | ||||
Domestic equity |
46,469 | 47,316 | ||||||
International equity |
3,001 | 2,969 | ||||||
|
|
|
|
|||||
Total mutual funds |
$ | 54,841 | $ | 55,565 | ||||
Money market funds |
1,122 | 1,176 | ||||||
|
|
|
|
|||||
Total1 |
$ | 55,963 | $ | 56,741 | ||||
|
|
|
|
1 | Excludes $31.3 billion as of December 31, 2015 and 2014 of separate account assets not related to deferred variable annuity contracts with guarantees, primarily attributable to retirement plan, variable universal life and COLI products. |
Fixed Annuity Contracts
The Company offers certain fixed annuity products with GMDB and GLWB. As of December 31, 2015 and 2014, the general account value for contracts with GMDB was $2.7 billion and $351 million, respectively, which includes $1.4 billion and $185 million, respectively, of general account value relating to contracts that also have GLWB. The net amount at risk and reserve balances on these guarantees were immaterial as of December 31, 2015 and 2014. Paid claims for GMDB were immaterial for the years ended December 31, 2015 and 2014. There were no paid claims for GLWB during the years ended December 31, 2015 and 2014.
Universal and Variable Universal Life Insurance Contracts
The Company offers certain universal life and variable universal life insurance products with no-lapse guarantees. These no-lapse guarantees provide that a policy will not lapse so long as the policyholder makes minimum premium payments. The reserve balances on these guarantees were $548 million and $401 million as of December 31, 2015 and 2014, respectively. Paid claims on these guarantees were immaterial for the years ended December 31, 2015 and 2014.
19
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table summarizes information regarding universal and variable universal life insurance contracts with no-lapse guarantees invested in general and separate accounts, as of the dates indicated:
(in millions) |
General account value |
Separate account value |
Adjusted insurance in force1 |
Average age2 |
||||||||||||
December 31, 2015 |
$ | 2,473 | $ | 2,053 | $ | 48,140 | 51 | |||||||||
December 31, 2014 |
$ | 1,954 | $ | 2,191 | $ | 41,484 | 51 |
1 | The adjusted insurance in force is calculated on a policy-level basis and equals the respective guaranteed death benefit less the account value and reinsurance. |
2 | Represents the weighted average attained age of contractholders at the respective date. |
(5) | Deferred Policy Acquisition Costs |
The following table summarizes changes in the DAC balance, as of the dates indicated:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Balance at beginning of year |
$ | 4,063 | $ | 3,778 | $ | 3,249 | ||||||
Capitalization of DAC |
870 | 685 | 604 | |||||||||
Amortization of DAC, excluding unlocks |
(326 | ) | (397 | ) | (373 | ) | ||||||
Amortization of DAC related to unlocks |
258 | 190 | (1 | ) | ||||||||
Adjustments to DAC related to unrealized gains and losses on available-for-sale securities |
335 | (193 | ) | 299 | ||||||||
|
|
|
|
|
|
|||||||
Balance at end of year |
$ | 5,200 | $ | 4,063 | $ | 3,778 | ||||||
|
|
|
|
|
|
During 2015, the Company recognized a decrease in DAC amortization of $258 million as a result of the annual comprehensive review of model assumptions and enhancements. The impact was primarily related to revisions made to the Companys economic hedging strategies in conjunction with the change in estimate discussed in Note 4, as well as a decrease in the expected lapse rates for certain variable annuity products.
During 2014, the Company recognized a decrease in DAC amortization of $190 million as a result of the annual comprehensive review of model assumptions and enhancements. The updated assumptions were primarily related to the actual performance of the block of business since the prior year review and the expectations for lapses, partially offset by an update to the Companys long-term assumptions for separate account investment performance.
During 2013, the net change in DAC amortization as a result of the annual comprehensive review of model assumptions was immaterial.
20
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(6) | Investments |
Available-for-Sale Securities
The following table summarizes the amortized cost, unrealized gains and losses and fair value of available-for-sale securities, as of the dates indicated:
(in millions) |
Amortized cost |
Unrealized gains |
Unrealized losses |
Fair value | ||||||||||||
December 31, 2015 |
||||||||||||||||
Fixed maturity securities: |
||||||||||||||||
U.S. government and agencies |
$ | 343 | $ | 59 | $ | | $ | 402 | ||||||||
Obligations of states, political subdivisions and foreign governments |
2,137 | 241 | 11 | 2,367 | ||||||||||||
Corporate public securities |
23,174 | 868 | 752 | 23,290 | ||||||||||||
Corporate private securities |
5,082 | 203 | 115 | 5,170 | ||||||||||||
Residential mortgage-backed securities |
3,036 | 152 | 42 | 3,146 | ||||||||||||
Commercial mortgage-backed securities |
1,539 | 37 | 11 | 1,565 | ||||||||||||
Asset-backed securities |
1,685 | 19 | 74 | 1,630 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities |
$ | 36,996 | $ | 1,579 | $ | 1,005 | $ | 37,570 | ||||||||
Equity securities |
7 | 14 | | 21 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total available-for-sale securities |
$ | 37,003 | $ | 1,593 | $ | 1,005 | $ | 37,591 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
December 31, 2014 |
||||||||||||||||
Fixed maturity securities: |
||||||||||||||||
U.S. government and agencies |
$ | 448 | $ | 79 | $ | | $ | 527 | ||||||||
Obligations of states, political subdivisions and foreign governments |
1,966 | 320 | 1 | 2,285 | ||||||||||||
Corporate public securities |
19,851 | 1,519 | 120 | 21,250 | ||||||||||||
Corporate private securities |
4,398 | 286 | 34 | 4,650 | ||||||||||||
Residential mortgage-backed securities |
3,694 | 190 | 45 | 3,839 | ||||||||||||
Commercial mortgage-backed securities |
1,431 | 74 | 3 | 1,502 | ||||||||||||
Asset-backed securities |
1,410 | 27 | 72 | 1,365 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities |
$ | 33,198 | $ | 2,495 | $ | 275 | $ | 35,418 | ||||||||
Equity securities |
6 | 15 | | 21 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total available-for-sale securities |
$ | 33,204 | $ | 2,510 | $ | 275 | $ | 35,439 | ||||||||
|
|
|
|
|
|
|
|
The fair value of the Companys available-for-sale securities may fluctuate significantly in response to changes in interest rates, investment quality ratings and credit spreads. The Company has the ability and intent to hold equity securities until recovery. The Company does not have the intent to sell, nor is it more likely than not that it will be required to sell, fixed maturity securities in an unrealized loss position.
21
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table summarizes the amortized cost and fair value of fixed maturity securities, by contractual maturity, as of December 31, 2015. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without early redemption penalties.
(in millions) |
Amortized cost |
Fair value |
||||||
Fixed maturity securities: |
||||||||
Due in one year or less |
$ | 977 | $ | 982 | ||||
Due after one year through five years |
10,512 | 10,861 | ||||||
Due after five years through ten years |
9,302 | 9,295 | ||||||
Due after ten years |
9,945 | 10,091 | ||||||
|
|
|
|
|||||
Subtotal |
$ | 30,736 | $ | 31,229 | ||||
Residential mortgage-backed securities |
3,036 | 3,146 | ||||||
Commercial mortgage-backed securities |
1,539 | 1,565 | ||||||
Asset-backed securities |
1,685 | 1,630 | ||||||
|
|
|
|
|||||
Total fixed maturity securities |
$ | 36,996 | $ | 37,570 | ||||
|
|
|
|
The following table summarizes the components of net unrealized gains and losses, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
Net unrealized gains on available-for-sale securities, before adjustments and taxes1 |
$ | 588 | $ | 2,235 | ||||
Adjustment to DAC and other expense |
(33 | ) | (372 | ) | ||||
Adjustment to future policy benefits and claims |
(16 | ) | (159 | ) | ||||
Adjustment to policyholder dividend obligations |
(67 | ) | (120 | ) | ||||
Deferred federal income tax expense |
(156 | ) | (548 | ) | ||||
|
|
|
|
|||||
Net unrealized gains on available-for-sale securities |
$ | 316 | $ | 1,036 | ||||
|
|
|
|
1 | Includes net unrealized losses of $20 million and $9 million as of December 31, 2015 and 2014, respectively, related to the non-credit portion of other-than-temporarily impaired securities. |
The following table summarizes the change in net unrealized gains and losses reported in accumulated other comprehensive income, for the years ended:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
Balance at beginning of year |
$ | 1,036 | $ | 601 | ||||
Unrealized gains and losses arising during the year: |
||||||||
Net unrealized (losses) gains on available-for-sale securities before adjustments |
(1,662 | ) | 939 | |||||
Non-credit impairments and subsequent changes in fair value of impaired debt securities |
(11 | ) | 31 | |||||
Net adjustment to DAC and other expense |
339 | (196 | ) | |||||
Net adjustment to future policy benefits and claims |
143 | (70 | ) | |||||
Net adjustment to policyholder dividend obligations |
53 | (35 | ) | |||||
Related federal income tax benefit (expense) |
401 | (234 | ) | |||||
|
|
|
|
|||||
Unrealized (losses) gains on available-for-sale securities |
$ | (737 | ) | $ | 435 | |||
Less: Reclassification adjustment for net losses realized on available-for-sale securities, net of tax benefit ($9 and $0 as of |
||||||||
December 31, 2015 and 2014, respectively) |
(17 | ) | | |||||
|
|
|
|
|||||
Net unrealized (losses) gains on available-for-sale securities |
$ | (720 | ) | $ | 435 | |||
|
|
|
|
|||||
Balance at end of year |
$ | 316 | $ | 1,036 | ||||
|
|
|
|
22
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table summarizes, by asset class, available-for-sale securities, in an unrealized loss position based on the amount of time each type of security has been in an unrealized loss position, as well as the related fair value, as of the dates indicated:
Less than or equal to one year | More than one year | Total | ||||||||||||||||||
(in millions) |
Fair value |
Unrealized losses |
Fair value |
Unrealized losses |
Unrealized losses1 |
|||||||||||||||
December 31, 2015 |
||||||||||||||||||||
Fixed maturity securities: |
||||||||||||||||||||
Corporate public securities |
$ | 8,170 | $ | 455 | $ | 975 | $ | 297 | $ | 752 | ||||||||||
Corporate private securities |
1,642 | 56 | 418 | 59 | 115 | |||||||||||||||
Asset-backed securities |
654 | 7 | 756 | 67 | 74 | |||||||||||||||
Other |
1,271 | 23 | 504 | 41 | 64 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total2 |
$ | 11,737 | $ | 541 | $ | 2,653 | $ | 464 | $ | 1,005 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
December 31, 2014 |
||||||||||||||||||||
Fixed maturity securities: |
||||||||||||||||||||
Corporate public securities |
$ | 1,642 | $ | 63 | $ | 1,578 | $ | 57 | $ | 120 | ||||||||||
Corporate private securities |
589 | 27 | 256 | 7 | 34 | |||||||||||||||
Asset-backed securities |
662 | 5 | 493 | 67 | 72 | |||||||||||||||
Other |
268 | 2 | 688 | 47 | 49 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total2 |
$ | 3,161 | $ | 97 | $ | 3,015 | $ | 178 | $ | 275 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | As of December 31, 2015 and 2014, there were $448 million and $66 million, respectively, of unrealized losses related to available-for-sale securities with a fair value to amortized cost ratio of less than 80%. |
2 | Represents 1,059 and 541 available-for-sale securities in an unrealized loss position as of December 31, 2015 and 2014, respectively. |
The Company believes the unrealized losses on these available-for-sale securities represent temporary fluctuations in economic factors that are not indicative of other-than-temporary-impairment.
Mortgage Loans, Net of Allowance
The following table summarizes the amortized cost of mortgage loans by method of evaluation for credit loss, and the related valuation allowances by type of credit loss, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
Amortized cost: |
||||||||
Loans with non-specific reserves |
$ | 8,403 | $ | 7,279 | ||||
Loans with specific reserves |
19 | 17 | ||||||
|
|
|
|
|||||
Total amortized cost |
$ | 8,422 | $ | 7,296 | ||||
|
|
|
|
|||||
Valuation allowance: |
||||||||
Non-specific reserves |
$ | 23 | $ | 21 | ||||
Specific reserves |
3 | 5 | ||||||
|
|
|
|
|||||
Total valuation allowance |
$ | 26 | $ | 26 | ||||
|
|
|
|
|||||
Mortgage loans, net of allowance |
$ | 8,396 | $ | 7,270 | ||||
|
|
|
|
The following table summarizes activity in the valuation allowance for mortgage loans, for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Balance at beginning of year |
$ | 26 | $ | 35 | $ | 44 | ||||||
Current period provision1 |
2 | (8 | ) | (4 | ) | |||||||
Recoveries2 |
(2 | ) | (1 | ) | (5 | ) | ||||||
|
|
|
|
|
|
|||||||
Balance at end of year |
$ | 26 | $ | 26 | $ | 35 | ||||||
|
|
|
|
|
|
23
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
1 | Includes specific reserve provisions and all changes in non-specific reserves. |
2 | Includes recoveries on sales and increases in the valuation of loans with specific reserves. |
Interest income recognized on commercial mortgage loans with a specific reserve was $2 million, $1 million and $3 million for the years ended December 31, 2015, 2014 and 2013, respectively. The average recorded investment was $14 million, $16 million and $30 million for the years ended December 31, 2015, 2014 and 2013, respectively.
As of December 31, 2015 and 2014, the Companys mortgage loans classified as delinquent and/or in non-accrual status were immaterial in relation to the total mortgage loan portfolio. The Company had no mortgage loans 90 days or more past due and still accruing interest.
The following table summarizes the LTV ratio and DSC ratios of the mortgage loan portfolio, as of the dates indicated:
LTV ratio | DSC ratio | |||||||||||||||||||||||
(in millions) |
Less than 90% |
90% or greater |
Total1 | Greater than 1.00 |
Less than 1.00 |
Total1 | ||||||||||||||||||
December 31, 2015 |
||||||||||||||||||||||||
Apartment |
$ | 2,791 | $ | | $ | 2,791 | $ | 2,791 | $ | | $ | 2,791 | ||||||||||||
Industrial |
1,221 | 25 | 1,246 | 1,193 | 53 | 1,246 | ||||||||||||||||||
Office |
1,318 | 3 | 1,321 | 1,286 | 35 | 1,321 | ||||||||||||||||||
Retail |
2,765 | 2 | 2,767 | 2,756 | 11 | 2,767 | ||||||||||||||||||
Other |
297 | | 297 | 297 | | 297 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Total2 |
$ | 8,392 | $ | 30 | $ | 8,422 | $ | 8,323 | $ | 99 | $ | 8,422 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
December 31, 2014 |
||||||||||||||||||||||||
Apartment |
$ | 2,267 | $ | 17 | $ | 2,284 | $ | 2,278 | $ | 6 | $ | 2,284 | ||||||||||||
Industrial |
1,165 | 35 | 1,200 | 1,137 | 63 | 1,200 | ||||||||||||||||||
Office |
1,020 | 20 | 1,040 | 994 | 46 | 1,040 | ||||||||||||||||||
Retail |
2,570 | 11 | 2,581 | 2,549 | 32 | 2,581 | ||||||||||||||||||
Other |
191 | | 191 | 191 | | 191 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Total3 |
$ | 7,213 | $ | 83 | $ | 7,296 | $ | 7,149 | $ | 147 | $ | 7,296 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
1 | While these loan quality measurements contribute to managements assessment of relative credit risk in the commercial mortgage loan portfolio for the dates indicated, based on underwriting criteria and ongoing assessment of the properties performance, management believes the amounts, net of valuation allowance, are collectible. |
2 | As of December 31, 2015, the weighted average DSC ratios for the respective LTV ratio ranges above were 2.02 and 0.83, with a total weighted average DSC ratio of 2.02. As of December 31, 2015, the weighted average LTV ratios for the respective DSC ratio ranges above were 60% and 85%, with a total weighted average LTV ratio of 60%. |
3 | As of December 31, 2014, the weighted average DSC ratios for the respective LTV ratio ranges above were 1.94 and 0.90, with a total weighted average DSC ratio of 1.93. As of December 31, 2014, the weighted average LTV ratios for the respective DSC ratio ranges above were 60% and 90%, with a total weighted average LTV ratio of 60%. |
While these loan quality measurements contribute to managements assessment of relative credit risk in the mortgage loan portfolio for the dates indicated, based on underwriting criteria and ongoing assessment of the properties performance, management believes the amounts, net of valuation allowance, are collectible.
Available-For-Sale Securities on Deposit, Held in Trust and Pledged as Collateral
Available-for-sale securities with a carrying value of $8 million were on deposit with various regulatory agencies as required by law as of December 31, 2015 and 2014. Additionally, available-for-sale securities with a carrying value of $538 million and $683 million were pledged as collateral to secure recoveries under reinsurance contracts and other funding agreements as of December 31, 2015 and 2014, respectively. These securities are primarily included in fixed maturity securities in the consolidated balance sheets.
24
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Net Investment Income
The following table summarizes net investment income, by investment type, for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Fixed maturity securities, available-for-sale |
$ | 1,646 | $ | 1,575 | $ | 1,565 | ||||||
Mortgage loans |
390 | 362 | 348 | |||||||||
Alternative Investments |
(56 | ) | (32 | ) | (68 | ) | ||||||
Policy loans |
51 | 51 | 52 | |||||||||
Other |
12 | 3 | 11 | |||||||||
|
|
|
|
|
|
|||||||
Gross investment income |
$ | 2,043 | $ | 1,959 | $ | 1,908 | ||||||
Investment expenses |
61 | 59 | 59 | |||||||||
|
|
|
|
|
|
|||||||
Net investment income |
$ | 1,982 | $ | 1,900 | $ | 1,849 | ||||||
|
|
|
|
|
|
Net Realized Investment Gains and Losses, Including Other-Than-Temporary Impairments
The following table summarizes net realized investment gains and losses, including other-than-temporary impairments, by source, for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Net realized derivative gains (losses) |
$ | 120 | $ | (1,087 | ) | $ | 705 | |||||
Realized gains on sales |
11 | 31 | 32 | |||||||||
Realized losses on sales |
(37 | ) | (19 | ) | (54 | ) | ||||||
Other |
(11 | ) | 2 | | ||||||||
|
|
|
|
|
|
|||||||
Net realized investment gains (losses) before other-than-temporary-impairments on fixed maturity securities |
$ | 83 | $ | (1,073 | ) | $ | 683 | |||||
Other-than-temporary-impairments on fixed maturity securities1 |
(1 | ) | (5 | ) | (5 | ) | ||||||
|
|
|
|
|
|
|||||||
Net realized investment gains (losses), including other-than-temporary-impairments |
$ | 82 | $ | (1,078 | ) | $ | 678 | |||||
|
|
|
|
|
|
1 | Other-than-temporary impairments on fixed maturity securities are net $2 million, $1 million and $6 million of non-credit losses included in other comprehensive income for the years ended December 31, 2015, 2014 and 2013, respectively. |
Proceeds from the sale of available-for-sale securities were $466 million, $647 million and $1.1 billion during the years ended December 31, 2015, 2014 and 2013, respectively. Gross gains of $11 million, $17 million and $31 million and gross losses of $36 million, $10 million and $50 million were realized on sales of available-for-sale securities during the years ended December 31, 2015, 2014 and 2013, respectively.
The following table summarizes the cumulative credits losses, for the years ended:
(in millions) |
December 31, | |||||||||||
2015 | 2014 | 2013 | ||||||||||
Cumulative credit losses at beginning of year1 |
$ | (254 | ) | $ | (272 | ) | $ | (289 | ) | |||
New credit losses |
(1 | ) | (2 | ) | (3 | ) | ||||||
Incremental credit losses |
| (4 | ) | (3 | ) | |||||||
Losses related to securities included in the beginning balance sold or paid down during the period |
31 | 24 | 23 | |||||||||
|
|
|
|
|
|
|||||||
Cumulative credit losses at end of year1 |
$ | (224 | ) | $ | (254 | ) | $ | (272 | ) | |||
|
|
|
|
|
|
1 | Cumulative credit losses are defined as amounts related to the Companys credit portion of the other-than-temporary impairment losses on debt securities that the Company does not intend to sell and that it is not more likely than not the Company will be required to sell prior to recovery of the amortized cost basis. |
(7) | Derivative Instruments |
The Company is exposed to certain risks related to its ongoing business operations which are managed using derivative instruments.
25
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Interest rate risk management. In the normal course of business, the Company enters into transactions that expose it to interest rate risk arising from mismatches between assets and liabilities. The Company uses interest rate swaps and futures to reduce or alter interest rate exposure.
Interest rate contracts are used by the Company in association with fixed and variable rate investments to achieve cash flow streams that support certain financial obligations of the Company and to produce desired investment returns. As such, interest rate contracts are generally used to convert fixed rate cash flow streams to variable rate cash flow streams or vice versa. In addition, prior to expiry in June 2015, the Company engaged in an interest rate swap program, which was structured to provide an offset against the negative impact of higher interest rates on the Companys statutory surplus position and to mitigate the negative impact of lower interest rates on certain guarantees related to variable annuity contracts.
Equity market risk management. The Company issues a variety of insurance products that expose it to equity risks. To mitigate these risks, the Company enters into a variety of derivatives including equity index futures, options and total return swaps.
Other risk management. As part of its regular investing activities, the Company may purchase foreign currency denominated investments. These investments and the associated income expose the Company to volatility associated with movements in foreign exchange rates. As foreign exchange rates change, the increase or decrease in the cash flows of the derivative instrument are intended to mitigate the changes in the functional-currency equivalent cash flows of the hedged item. To mitigate this risk, the Company uses cross-currency swaps, which are included in other derivative contracts in the following tables.
Credit risk associated with derivatives transactions. The Company periodically evaluates the risks within the derivative portfolios due to credit exposure. When evaluating these risks, the Company considers several factors which include, but are not limited to, the counterparty credit risk associated with derivative receivables, the Companys own credit as it relates to derivative payables, the collateral thresholds associated with each counterparty and changes in relevant market data in order to gain insight into the probability of default by the counterparty. In addition, the impact the Companys exposure to credit risk could have on the effectiveness of the Companys hedging relationships is considered. As of December 31, 2015 and 2014, the impact of the exposure to credit risk on the fair value measurement of derivatives and the effectiveness of the Companys hedging relationships was immaterial.
The following table summarizes the fair value and related notional amounts of derivative instruments, as of the dates indicated:
Derivative assets | Derivative liabilities | |||||||||||||||
(in millions) |
Fair value | Notional | Fair value | Notional | ||||||||||||
December 31, 2015 |
||||||||||||||||
Derivatives designated and qualifying as hedging instruments |
$ | 86 | $ | 725 | $ | 2 | $ | 89 | ||||||||
Derivatives not designated as hedging instruments: |
||||||||||||||||
Interest rate contracts1 |
$ | 39 | $ | 875 | $ | 98 | $ | 1,059 | ||||||||
Equity contracts |
445 | 7,329 | | | ||||||||||||
Total return swaps and other derivative contracts |
| 77 | 6 | 2 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total derivatives2 |
$ | 570 | $ | 9,006 | $ | 106 | $ | 1,150 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
December 31, 2014 |
||||||||||||||||
Derivatives designated and qualifying as hedging instruments |
$ | 29 | $ | 381 | $ | 9 | $ | 176 | ||||||||
Derivatives not designated as hedging instruments: |
||||||||||||||||
Interest rate contracts1 |
$ | 2,602 | $ | 32,829 | $ | 2,611 | $ | 32,756 | ||||||||
Equity contracts |
411 | 5,990 | | | ||||||||||||
Total return swaps and other derivative contracts |
| | 44 | 2,810 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total derivatives2 |
$ | 3,042 | $ | 39,200 | $ | 2,664 | $ | 35,742 | ||||||||
|
|
|
|
|
|
|
|
1 | The decreases in the fair value and notional amounts of interest rate contracts are primarily a result of revisions made to the Companys economic hedging strategies in conjunction with the change in estimate discussed in Note 4. |
2 | Fair value balance excludes accrued interest on derivative assets and liabilities of $10 and $11 million, respectively, for the year ended December 31, 2015. Fair value balance excludes accrued interest on derivative assets and liabilities of $243 million and $244 million, respectively, for the year ended December 31, 2014. |
26
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Of the $570 million and $3.0 billion of fair value of total derivative assets at December 31, 2015 and 2014, $48 million and $2.6 billion, respectively, are subject to master netting agreements. The Company received $374 million and $535 million of cash collateral and held $99 million and $64 million, respectively, of securities as off-balance sheet collateral, resulting in an immaterial uncollateralized position as of December 31, 2015 and 2014. Of the $106 million and $2.7 billion of fair value of total derivative liabilities at December 31, 2015 and 2014, $48 million and $2.6 billion, respectively, are subject to master netting agreements. The Company posted $92 million and $330 million of cash collateral and pledged securities with a fair value of $64 million and $174 million, respectively, resulting in an immaterial uncollateralized position as of December 31, 2015 and 2014.
The following table summarizes gains and losses for derivative instruments recognized in net realized investment gains and losses in the consolidated statements of operations, for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Derivatives designated and qualifying as hedging instruments |
$ | | $ | | $ | (1 | ) | |||||
Derivatives not designated as hedging instruments: |
||||||||||||
Interest rate contracts |
$ | (141 | ) | $ | 142 | $ | (209 | ) | ||||
Equity contracts |
(257 | ) | (79 | ) | (776 | ) | ||||||
Total return swaps |
(44 | ) | (195 | ) | (321 | ) | ||||||
Other derivative contracts |
(6 | ) | 4 | (9 | ) | |||||||
Net interest settlements |
32 | 20 | 14 | |||||||||
|
|
|
|
|
|
|||||||
Total derivative losses1 |
$ | (416 | ) | $ | (108 | ) | $ | (1,302 | ) | |||
Change in embedded derivative liabilities and related fees2 |
$ | 536 | $ | (979 | ) | $ | 2,007 | |||||
|
|
|
|
|
|
|||||||
Net realized derivative gains (losses) |
$ | 120 | $ | (1,087 | ) | $ | 705 | |||||
|
|
|
|
|
|
1 | Included in total derivative losses are economic hedging (losses) gains of $(402) million, $941 million and $(1.8) billion related to the guaranteed benefit annuity programs for the years ended December 31, 2015, 2014 and 2013, respectively. Also included are economic hedging gains (losses) of $52 million, $(1.0) billion and $645 million, respectively, related to the program that protects against the negative impact of higher interest rates on the Companys statutory surplus position through expiry. |
2 | During 2015, the annual comprehensive review of model assumptions for the individual variable annuity business produced a favorable impact of $187 million for the year ended December 31, 2015, attributable to the change in estimate discussed in Note 4. During 2014 and 2013, the annual comprehensive review of model assumptions for the individual variable annuity business included a favorable impact for the years ended December 31, 2014 and 2013, primarily due to model enhancements and updated assumptions for discounting and benefit utilization, partially offset by mortality and lapse rates. |
27
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(8) | Fair Value Measurements |
The following table summarizes assets and liabilities held at fair value on a recurring basis as of December 31, 2015:
(in millions) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
||||||||||||||||
Investments: |
||||||||||||||||
Fixed maturity securities, available-for-sale: |
||||||||||||||||
U.S. government and agencies |
$ | 399 | $ | 1 | $ | 2 | $ | 402 | ||||||||
Obligations of states, political subdivisions and foreign governments |
63 | 2,304 | | 2,367 | ||||||||||||
Corporate public securities |
| 23,142 | 148 | 23,290 | ||||||||||||
Corporate private securities |
| 4,226 | 944 | 5,170 | ||||||||||||
Residential mortgage-backed securities |
846 | 2,291 | 9 | 3,146 | ||||||||||||
Commercial mortgage-backed securities |
| 1,565 | | 1,565 | ||||||||||||
Asset-backed securities |
| 1,505 | 125 | 1,630 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities, available-for-sale, at fair value |
$ | 1,308 | $ | 35,034 | $ | 1,228 | $ | 37,570 | ||||||||
Other investments at fair value1 |
270 | 546 | 37 | 853 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,578 | $ | 35,580 | $ | 1,265 | $ | 38,423 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative instruments - assets |
| 125 | 445 | 570 | ||||||||||||
Separate account assets |
83,466 | 1,323 | 2,449 | 87,238 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Assets at fair value |
$ | 85,044 | $ | 37,028 | $ | 4,159 | $ | 126,231 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Future policy benefits and claims |
$ | | $ | | $ | (65 | ) | $ | (65 | ) | ||||||
Derivative instruments - liabilities |
| (100 | ) | (6 | ) | (106 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities at fair value |
$ | | $ | (100 | ) | $ | (71 | ) | $ | (171 | ) | |||||
|
|
|
|
|
|
|
|
1 | Other investments at fair value includes $66 million of trading securities as of December 31, 2015. |
The following table presents the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis during the year ended December 31, 2015:
(in millions) |
Fixed maturity securities2 |
Other investments |
Derivative assets3 |
Separate account assets |
Total assets at fair value |
Liabilities at fair value3 |
||||||||||||||||||
Balance as of December 31, 2014 |
$ | 1,267 | $ | 36 | $ | 411 | $ | 2,106 | $ | 3,820 | $ | (264 | ) | |||||||||||
Net (losses) gains |
||||||||||||||||||||||||
In operations1 |
(6 | ) | | (46 | ) | 18 | (34 | ) | 313 | |||||||||||||||
In other comprehensive income |
(44 | ) | | | | (44 | ) | | ||||||||||||||||
Purchases |
142 | 1 | 104 | 325 | 572 | (144 | ) | |||||||||||||||||
Sales |
(162 | ) | | (24 | ) | | (186 | ) | 24 | |||||||||||||||
Transfers into Level 3 |
201 | | | | 201 | | ||||||||||||||||||
Transfers out of Level 3 |
(170 | ) | | | | (170 | ) | | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balance as of December 31, 2015 |
$ | 1,228 | $ | 37 | $ | 445 | $ | 2,449 | $ | 4,159 | $ | (71 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
1 | Net gains and losses included in operations are reported in net realized investment gains and losses and interest credited to policyholder accounts. The net unrealized gains on separate account assets are attributable to contractholders and therefore are not included in the Companys earnings. The change in unrealized gains (losses) included in operations on assets and liabilities still held at the end of the year was $316 million for future policy benefits and claims, $(9) million for derivative assets, and $2 million for derivative liabilities. |
2 | Non-binding broker quotes were utilized to determine a fair value of $1.1 billion of total fixed maturity securities as of December 31, 2015. |
3 | Non-binding broker quotes were utilized to determine a fair value of all Level 3 derivative assets and liabilities. |
Transfers into and out of Level 3 during the year ended December 31, 2015 are primarily due to certain corporate private securities priced using unobservable inputs to priced using observable inputs. There were no material transfers between Levels 1 and 2 during the year ended December 31, 2015.
28
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Living Benefit Guarantees
The following table summarizes significant unobservable inputs used for fair value measurements for living benefits liabilities, included in future policy benefits and claims and classified as Level 3 as of December 31, 2015:
Unobservable Inputs |
Range | |
Mortality |
0.1% - 8%2 | |
Lapse |
0% - 35% | |
Wait period |
0 yrs - 30 yrs3 | |
Efficiency of benefit utilization1 |
60% - 100% | |
Discount rate4 |
See note 4 below | |
Index volatility |
15% - 25% |
1 | The unobservable input is not applicable to GMABs. |
2 | Represents the mortality for the majority of business with living benefits, with policyholders ranging from 45 to 85. |
3 | A portion of the contractholders could never use the benefit, which would extend the range to an indeterminate period. |
4 | Incorporates the liquidity and non-performance risk adjustment. The liquidity spread takes into consideration market observables for spreads in illiquid assets. The non-performance risk adjustment reflects an additional spread over LIBOR determined by market observables for similarly rated public bonds. |
The following changes in any of the significant unobservable inputs presented in the table above may result in a change in the fair value measurements of the living benefits liability:
Higher mortality rates tend to decrease the value of the liability and lower mortality rates tend to increase the value of the liability.
Higher lapse rates tend to decrease the value of the liability and lower lapse rates tend to increase the value of the liability. Factors that impact the predicted lapse rate can include: age, policy duration, policy size, benefit in-the-moneyness, tax status (i.e. qualified or non-qualified), interest rate levels, short-term equity market performance, partial withdrawal behavior and applicable surrender charges. All else being equal, policies that are in-the-money will have lower lapse rates than policies that are out-of-the-money, and policies that have a surrender charge present will have lower lapse rates than policies without a surrender charge.
The assumed wait period and the efficiency of utilization determine the timing and amount of living benefits withdrawals. These assumptions vary by the product type, age of the policyholder, policy size and policy duration. Many products have a bonus feature which enhances the guarantee on every policy anniversary for the first ten years so long as withdrawals have not commenced. All else being equal, policies commencing withdrawals at a time around the year ten bonus will have higher liability values than policies commencing withdrawals 20 years after issue or policies commencing withdrawals only one year after issue. In addition, policies that are assumed to withdraw the maximum permitted amount will have a higher liability value than a policy that is assumed to withdraw less than the maximum allowed amount.
A higher discount rate tends to decrease the value of the liability and a lower discount rate tends to increase the value of the liability.
Higher index volatility tends to increase the value of the liability and lower index volatility tends to decrease the value of the liability.
Indexed Products
The following table summarizes significant unobservable inputs used for fair value measurements for indexed universal life and indexed annuity products classified as Level 3 as of December 31, 2015:
Unobservable Inputs |
Range | |
Mortality |
0% - 4%¹ | |
Lapse |
0% -10% | |
Index volatility |
15% - 25% |
1 | Represents the mortality for the majority of business, with policyholders ranging from 0 to 75. |
The following changes in any of the significant unobservable inputs presented in the table above may result in a change in the fair value measurements of the indexed products:
Higher mortality rates tend to decrease the value of the liability and lower mortality rates tend to increase the value of the liability.
29
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Higher lapse rates tend to decrease the value of the liability and lower lapse rates tend to increase the value of the liability. Factors that impact the predicted lapse rate can include: age, policy duration, policy size, and applicable surrender charges. All else being equal, policies with a surrender charge present will have lower lapse rates than policies without a surrender charge.
Higher index volatility tends to increase the value of the liability and lower index volatility tends to decrease the value of the liability.
Separate Accounts
The Companys separate account assets include an investment in a mutual fund with a non-readily determinable fair value. Net asset value has been used to estimate the fair value of this investment as a practical expedient. The investments are included in Level 3 as they may not be redeemed until the guarantee period expires in 2016. The investment strategy of this fund is to build a portfolio where the assets shall be sufficient to achieve a target portfolio value by the end of the guarantee period. The net asset value of this fund reported in separate account assets was $1.7 billion as of December 31, 2015 and 2014.
The following table summarizes assets and liabilities held at fair value on a recurring basis as of December 31, 2014:
(in millions) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets |
||||||||||||||||
Investments: |
||||||||||||||||
Fixed maturity securities, available-for-sale: |
||||||||||||||||
U.S. government and agencies |
$ | 523 | $ | 1 | $ | 3 | $ | 527 | ||||||||
Obligations of states, political subdivisions and foreign governments |
66 | 2,219 | | 2,285 | ||||||||||||
Corporate public securities |
| 21,158 | 92 | 21,250 | ||||||||||||
Corporate private securities |
| 3,659 | 991 | 4,650 | ||||||||||||
Residential mortgage-backed securities |
1,034 | 2,796 | 9 | 3,839 | ||||||||||||
Commercial mortgage-backed securities |
| 1,499 | 3 | 1,502 | ||||||||||||
Other asset-backed securities |
| 1,196 | 169 | 1,365 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total fixed maturity securities, available-for-sale, at fair value |
$ | 1,623 | $ | 32,528 | $ | 1,267 | $ | 35,418 | ||||||||
Other investments at fair value1 |
42 | 899 | 36 | 977 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments at fair value |
$ | 1,665 | $ | 33,427 | $ | 1,303 | $ | 36,395 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Derivative instruments - assets |
| 2,631 | 411 | 3,042 | ||||||||||||
Separate account assets |
84,583 | 1,387 | 2,106 | 88,076 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Assets at fair value |
$ | 86,248 | $ | 37,445 | $ | 3,820 | $ | 127,513 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Future policy benefits and claims at fair value |
$ | | $ | | $ | (261 | ) | $ | (261 | ) | ||||||
Derivative instruments - liabilities |
| (2,661 | ) | (3 | ) | (2,664 | ) | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities at fair value |
$ | | $ | (2,661 | ) | $ | (264 | ) | $ | (2,925 | ) | |||||
|
|
|
|
|
|
|
|
1 | Other investments at fair value includes $21 million of trading securities as of December 31, 2014. |
30
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table presents the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis during the year ended December 31, 2014:
(in millions) |
Fixed maturity securities2 |
Other investments |
Derivative assets3 |
Separate account assets |
Total assets at fair value |
Liabilities at fair value3 |
||||||||||||||||||
Balance as of December 31, 2013 |
$ | 1,088 | $ | 45 | $ | 343 | $ | 2,083 | $ | 3,559 | $ | 1,005 | ||||||||||||
Net gains (losses) |
||||||||||||||||||||||||
In operations1 |
(5 | ) | 6 | 40 | 23 | 64 | (1,269 | ) | ||||||||||||||||
In other comprehensive income |
21 | 1 | | | 22 | | ||||||||||||||||||
Purchases |
121 | | 46 | | 167 | | ||||||||||||||||||
Sales |
(241 | ) | (16 | ) | (18 | ) | | (275 | ) | | ||||||||||||||
Transfers into Level 3 |
400 | | | | 400 | | ||||||||||||||||||
Transfers out of Level 3 |
(117 | ) | | | | (117 | ) | | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balance as of December 31, 2014 |
$ | 1,267 | $ | 36 | $ | 411 | $ | 2,106 | $ | 3,820 | $ | (264 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
1 | Net gains and losses included in operations are reported in net realized investment gains and losses and interest credited to policyholder accounts. The net unrealized gains on separate account assets are attributable to contractholders and therefore are not included in the Companys earnings. The change in unrealized (losses) gains included in operations on assets and liabilities still held as of the end of the year was $(1.3) billion for future policy benefits and claims, $154 million for derivative assets and $6 million for other investments at fair value. |
2 | Non-binding broker quotes were utilized to determine a fair value of $1.1 billion of total fixed maturity securities as of December 31, 2014. |
3 | Non-binding broker quotes were utilized to determine a fair value of all Level 3 derivative assets and liabilities. |
Transfers into and out of Level 3 during the year ended December 31, 2014 are primarily due to certain corporate private securities and other asset-backed securities, which changed pricing sources between broker quotes and independent pricing services. There were no transfers between Levels 1 and 2 during the year ended December 31, 2014.
Financial Instruments Not Carried at Fair Value
The following table summarizes the carrying value and fair value of the Companys financial instruments not carried at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described below.
December 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
(in millions) |
Carrying value |
Fair value |
Level 2 | Level 3 | Carrying value |
Fair value |
Level 2 | Level 3 | ||||||||||||||||||||||||
Assets |
||||||||||||||||||||||||||||||||
Investments: |
||||||||||||||||||||||||||||||||
Mortgage loans, net of allowance |
$ | 8,396 | $ | 8,462 | $ | | $ | 8,462 | $ | 7,270 | $ | 7,616 | $ | | $ | 7,616 | ||||||||||||||||
Policy loans |
$ | 993 | $ | 993 | $ | | $ | 993 | $ | 992 | $ | 992 | $ | | $ | 992 | ||||||||||||||||
Other investments |
$ | 71 | $ | 71 | $ | | $ | 71 | $ | 60 | $ | 60 | $ | | $ | 60 | ||||||||||||||||
Liabilities |
||||||||||||||||||||||||||||||||
Investment contracts |
$ | 27,301 | $ | 25,822 | $ | | $ | 25,822 | $ | 23,470 | $ | 21,742 | $ | | $ | 21,742 | ||||||||||||||||
Short-term debt |
$ | 400 | $ | 400 | $ | | $ | 400 | $ | 660 | $ | 660 | $ | | $ | 660 | ||||||||||||||||
Long-term debt |
$ | 707 | $ | 941 | $ | 934 | $ | 7 | $ | 709 | $ | 1,069 | $ | 1,060 | $ | 9 |
Mortgage loans, net of allowance. The fair values of mortgage loans are estimated using discounted cash flow analyses based on interest rates currently being offered for similar loans to borrowers with similar credit ratings.
Policy loans. The carrying amount reported in the consolidated balance sheets approximates fair value.
Other investments. Other investments not held at fair value consist of FHLB stock. The carrying amount reported in the consolidated balance sheets approximates fair value.
31
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Investment contracts. For investment contracts without defined maturities, fair value is the amount payable on demand, net of surrender charges. For investment contracts with known or determined maturities, fair value is estimated using discounted cash flow analysis. Interest rates used in this analysis are similar to currently offered contracts with maturities consistent with those remaining for the contracts being valued. The fair value of adjustable rate contracts approximates their carrying value.
Short-term debt. The carrying amount reported in the consolidated balance sheets approximates fair value.
Long-term debt. The fair values for long-term debt are based on estimated market prices using observable inputs from similar debt instruments.
(9) | Goodwill |
The following table summarizes changes in the carrying value of goodwill by segment for the years indicated:
(in millions) |
Retirement Plans |
Individual Products & Solutions - Life and NBSG |
Total | |||||||||
Balance as of December 31, 20131 |
$ | 25 | $ | 175 | $ | 200 | ||||||
Adjustments |
| | | |||||||||
|
|
|
|
|
|
|||||||
Balance as of December 31, 20141 |
$ | 25 | $ | 175 | $ | 200 | ||||||
Adjustments |
| | | |||||||||
|
|
|
|
|
|
|||||||
Balance as of December 31, 20151 |
$ | 25 | $ | 175 | $ | 200 | ||||||
|
|
|
|
|
|
1 | The goodwill balances have not been previously impaired. |
32
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(10) | Closed Block |
The amounts shown in the following tables for assets, liabilities, revenues and expenses of the closed block are those that enter into the determination of amounts that are to be paid to policyholders.
The following table summarizes financial information for the closed block, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
Liabilities: |
||||||||
Future policyholder benefits |
$ | 1,637 | $ | 1,669 | ||||
Policyholder funds and accumulated dividends |
138 | 139 | ||||||
Policyholder dividends payable |
21 | 22 | ||||||
Policyholder dividend obligation |
99 | 152 | ||||||
Other policy obligations and liabilities |
35 | 33 | ||||||
|
|
|
|
|||||
Total liabilities |
$ | 1,930 | $ | 2,015 | ||||
|
|
|
|
|||||
Assets: |
||||||||
Fixed maturity securities, available-for-sale |
$ | 1,316 | $ | 1,336 | ||||
Mortgage loans, net of allowance |
235 | 272 | ||||||
Policy loans |
146 | 149 | ||||||
Other assets |
71 | 86 | ||||||
|
|
|
|
|||||
Total assets |
$ | 1,768 | $ | 1,843 | ||||
|
|
|
|
|||||
Excess of reported liabilities over assets |
162 | 172 | ||||||
|
|
|
|
|||||
Portion of above representing other comprehensive income: |
||||||||
(Decrease) increase in unrealized gain on fixed maturity securities, available-for-sale |
$ | (53 | ) | $ | 35 | |||
Adjustment to policyholder dividend obligation |
53 | (35 | ) | |||||
|
|
|
|
|||||
Total |
$ | | $ | | ||||
|
|
|
|
|||||
Maximum future earnings to be recognized from assets and liabilities |
$ | 162 | $ | 172 | ||||
|
|
|
|
|||||
Other comprehensive income: |
||||||||
Fixed maturity securities, available-for-sale: |
||||||||
Fair value |
$ | 1,316 | $ | 1,336 | ||||
Amortized cost |
1,249 | 1,216 | ||||||
Shadow policyholder dividend obligation |
(67 | ) | (120 | ) | ||||
|
|
|
|
|||||
Net unrealized appreciation |
$ | | $ | | ||||
|
|
|
|
33
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table summarizes closed block operations for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Revenues: |
||||||||||||
Premiums |
$ | 58 | $ | 61 | $ | 66 | ||||||
Net investment income |
87 | 93 | 94 | |||||||||
Realized investment gains |
1 | 1 | | |||||||||
Realized losses credited to policyholder benefit obligation |
(5 | ) | (5 | ) | (4 | ) | ||||||
|
|
|
|
|
|
|||||||
Total revenues |
$ | 141 | $ | 150 | $ | 156 | ||||||
|
|
|
|
|
|
|||||||
Benefits and expenses: |
||||||||||||
Policy and contract benefits |
$ | 122 | $ | 124 | $ | 123 | ||||||
Change in future policyholder benefits and interest credited to policyholder accounts |
(33 | ) | (34 | ) | (29 | ) | ||||||
Policyholder dividends |
40 | 43 | 44 | |||||||||
Change in policyholder dividend obligation |
(4 | ) | (1 | ) | 3 | |||||||
Other expenses |
1 | 2 | (2 | ) | ||||||||
|
|
|
|
|
|
|||||||
Total benefits and expenses |
$ | 126 | $ | 134 | $ | 139 | ||||||
|
|
|
|
|
|
|||||||
Total revenues, net of benefits and expenses, before federal income tax expense |
$ | 15 | $ | 16 | $ | 17 | ||||||
Federal income tax expense |
5 | 6 | 6 | |||||||||
|
|
|
|
|
|
|||||||
Revenues, net of benefits and expenses and federal income tax expense |
$ | 10 | $ | 10 | $ | 11 | ||||||
|
|
|
|
|
|
|||||||
Maximum future earnings from assets and liabilities: |
||||||||||||
Beginning of period |
$ | 172 | $ | 182 | $ | 193 | ||||||
Change during period |
(10 | ) | (10 | ) | (11 | ) | ||||||
|
|
|
|
|
|
|||||||
End of period |
$ | 162 | $ | 172 | $ | 182 | ||||||
|
|
|
|
|
|
Cumulative closed block earnings from inception through December 31, 2015, 2014 and 2013 were higher than expected as determined in the actuarial calculation. Therefore, policyholder dividend obligations (excluding the adjustment for unrealized gains on available-for-sale securities) were $32 million, $32 million and $28 million as of December 31, 2015, 2014 and 2013, respectively.
(11) | Short-Term Debt |
The Company classifies debt as short-term if the maturity date at inception is less than one year.
The following table summarizes the carrying value of short-term debt and weighted average annual interest rates, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
$750 million commercial paper program (0.45% and 0.00%, respectively)1 |
$ | 400 | $ | | ||||
$600 million commercial paper program (0.00% and 0.20%, respectively)1 |
| 264 | ||||||
$400 million revolving variable rate line of credit (0.00% and 1.57%, respectively) |
| 396 | ||||||
|
|
|
|
|||||
Total short-term debt |
$ | 400 | $ | 660 | ||||
|
|
|
|
1 | On December 4, 2015, the Company renewed an agreement to increase its $600 million commercial paper program to $750 million. |
In November 2015, the Company terminated its $400 million unsecured revolving promissory note and line of credit agreement with its parent company.
34
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
In March 2015, the Company renewed an agreement to extend its ability to borrow with the FHLB. This extension, which expires on March 25, 2016, allows the Company access to borrow up to $250 million, which would be collateralized by pledged securities. The Company had $6.7 billion and $8.5 billion in eligible collateral and no amounts outstanding under the agreement as of December 31, 2015 and 2014, respectively. Additionally, in connection with the agreement, NLIC purchased $10 million in capital stock with the FHLB.
On April 2, 2015, Nationwide Mutual Insurance Company (NMIC) and NLIC replaced their previous $600 million revolving credit facility with a new credit facility of $750 million, which expires on April 2, 2020. The Company had no amounts outstanding under this agreement as of December 31, 2015 and 2014.
The Company has entered into an agreement with its custodial bank to borrow against the cash collateral that is posted in connection with its securities lending program. The maximum amount available under the agreement is $350 million. The borrowing rate on this program is equal to one-month U.S. LIBOR. The Company had no amounts outstanding under this agreement as of December 31, 2015 and 2014.
The terms of certain debt instruments contain various restrictive covenants, including, but not limited to, minimum statutory surplus defined in the agreements. The Company was in compliance with all covenants as of December 31, 2015 and 2014.
The amount of interest paid on short-term debt was immaterial in 2015, 2014 and 2013.
(12) | Long-Term Debt |
The following table summarizes the carrying value of long-term debt, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 2014 | ||||||
8.15% surplus note, due June 26, 2032, payable to NFS |
$ | 300 | $ | 300 | ||||
7.50% surplus note, due December 17, 2031, payable to NFS |
300 | 300 | ||||||
6.75% surplus note, due December 23, 2033, payable to NFS |
100 | 100 | ||||||
Other |
7 | 9 | ||||||
|
|
|
|
|||||
Total long-term debt |
$ | 707 | $ | 709 | ||||
|
|
|
|
The Company made interest payments to NFS on surplus notes totaling $54 million for the years ended December 31, 2015, 2014 and 2013. Payments of interest and principal under the notes require the prior approval of the ODI.
35
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(13) | Federal Income Taxes |
The following table summarizes the components of federal income tax expense (benefit) for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Current tax expense (benefit) |
$ | 76 | $ | 5 | $ | (33 | ) | |||||
Deferred tax expense (benefit) |
217 | (152 | ) | 346 | ||||||||
|
|
|
|
|
|
|||||||
Total tax expense (benefit) |
$ | 293 | $ | (147 | ) | $ | 313 | |||||
|
|
|
|
|
|
The following table summarizes how the total federal income tax expense (benefit) differs from the amount computed by applying the U.S. federal income tax rate to net income for the years ended:
December 31, | ||||||||||||||||||||||||
2015 | 2014 | 2013 | ||||||||||||||||||||||
(in millions) |
Amount | % | Amount | % | Amount | % | ||||||||||||||||||
Rate reconciliation: |
||||||||||||||||||||||||
Computed (expected tax expense (benefit)) |
$ | 430 | 35 | % | $ | (46 | ) | 35 | % | $ | 469 | 35 | % | |||||||||||
Dividends received deduction |
(118 | ) | (10 | )% | (87 | ) | 66 | % | (112 | ) | (8 | )% | ||||||||||||
Tax credits |
(63 | ) | (5 | )% | (53 | ) | 41 | % | (82 | ) | (6 | )% | ||||||||||||
Other, net |
44 | 4 | % | 39 | (30 | )% | 38 | 2 | % | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 293 | 24 | % | $ | (147 | ) | 112 | % | $ | 313 | 23 | % | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
The Companys current federal income tax liability was $61 million and $18 million as of December 31, 2015 and 2014, respectively.
The Company made $33 million and immaterial payments for the years ended December 31, 2015 and 2014, respectively, and received a refund of $107 million for the year ended 2013.
During 2015 and 2014, the Company recorded a tax (benefit) expense of $(1) million and $16 million, respectively. These changes in estimates were primarily driven by differences in the Companys separate account dividends received deduction (DRD) between the previous years estimate and the amount reported on the previous years tax return.
As of December 31, 2015, the Company had gross federal net operating loss carryforwards of $248 million, which expire in 2028. In addition, the Company had $218 million in low-income-housing credit carryforwards, which expire between 2024 and 2035, and $197 million in alternative minimum tax credit carryforwards, which have an unlimited carryforward. In addition, the Company had $68 million in foreign tax credit carryforwards which expire between 2019 and 2025. The Company expects to fully utilize all carryforwards.
36
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following table summarizes the tax effects of temporary differences that gave rise to significant components of the net deferred tax liability included in other liabilities in the consolidated balance sheets, as of the dates indicated:
December 31, | ||||||||
(in millions) |
2015 | 20141 | ||||||
Deferred tax assets |
||||||||
Future policy benefits and claims |
$ | 825 | $ | 839 | ||||
Tax credit carryforwards |
483 | 355 | ||||||
Derivatives, including embedded derivatives |
120 | 147 | ||||||
Other |
411 | 439 | ||||||
|
|
|
|
|||||
Gross deferred tax assets |
$ | 1,839 | $ | 1,780 | ||||
Valuation allowance |
(17 | ) | (17 | ) | ||||
|
|
|
|
|||||
Gross deferred tax assets, net of valuation allowance |
$ | 1,822 | $ | 1,763 | ||||
|
|
|
|
|||||
Deferred tax liabilities |
||||||||
Deferred policy acquisition costs |
$ | 1,502 | $ | 1,113 | ||||
Available-for-sale securities |
315 | 839 | ||||||
Other |
249 | 209 | ||||||
|
|
|
|
|||||
Gross deferred tax liabilities |
$ | 2,066 | $ | 2,161 | ||||
|
|
|
|
|||||
Net deferred tax liability |
$ | 244 | $ | 398 | ||||
|
|
|
|
1 | Prior year amounts primarily related to certain annuity and life insurance balances have been reclassified between future policy benefits, available-for-sale securities, derivatives, other assets and other liabilities to conform with current year presentation. |
In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion of the total gross deferred tax assets will not be realized. Based on the Companys analysis, it is more likely than not that the results of future operations and the implementation of tax planning strategies will generate sufficient taxable income to enable the Company to realize the deferred tax assets for which the Company has not established valuation allowances.
The following table is a rollforward of the beginning and ending uncertain tax positions, including permanent and temporary differences, but excluding interest and penalties:
(in millions) |
2015 | 2014 | 2013 | |||||||||
Balance at beginning of period |
$ | 38 | $ | 36 | $ | 36 | ||||||
Additions for current year tax positions |
1 | 3 | 2 | |||||||||
Reductions for prior years tax positions |
(3 | ) | (1 | ) | (2 | ) | ||||||
|
|
|
|
|
|
|||||||
Balance at end of period |
$ | 36 | $ | 38 | $ | 36 | ||||||
|
|
|
|
|
|
The Company believes it is reasonably possible that the 2006 to 2010 IRS audit for the NLICs consolidated tax returns will be effectively settled within the next 12 months and as a result the liability for unrecognized tax benefits could decrease $15 million.
The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company is no longer subject to U.S. federal, state or local income tax examinations by tax authorities through the 2010 tax year. In 2015, the IRS commenced an examination of the Companys U.S. income tax returns for the years 2011 through 2012. Any adjustments that may result from IRS examination of tax returns are not expected to have a material effect on the results of operations, cash flows or financial position of the Company.
37
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(14) | Statutory Financial Information |
Statutory Results
The Companys life insurance subsidiaries prepare their statutory financial statements in conformity with the statutory accounting practices prescribed and permitted by insurance regulatory authorities, subject to any deviations prescribed or permitted by the applicable state departments of insurance.
Olentangy Reinsurance, LLC (Olentangy), a special purpose financial captive insurance company subsidiary of NLAIC domiciled in the State of Vermont, was granted a permitted practice from the State of Vermont that increased NLAICs valuation of this subsidiary by $56 million and $66 million as of December 31, 2015 and 2014, respectively, which also allowed NLIC to admit additional deferred tax assets of $8 million and $10 million as of December 31, 2015 and 2014, respectively.
Eagle applies a prescribed practice from the State of Ohio that allows an alternative reserve basis on assumed liabilities, net of third party reinsurance, with respect to specified GMDB and GLWB obligations provided under substantially all of the variable annuity contracts issued and to be issued by NLIC. This prescribed practice decreased NLICs valuation of this subsidiary by $64 million as of December 31, 2015 and also reduced NLICs admitted deferred tax assets by $10 million.
Statutory accounting practices focus on insurer solvency and differ materially from GAAP primarily due to charging policy acquisition and other costs to expense as incurred, establishing future policy benefits and claims reserves based on different actuarial assumptions, excluding certain assets from statutory admitted assets and valuing investments and establishing deferred taxes on a different basis.
The following table summarizes the statutory net income (loss) and statutory capital and surplus for the Companys primary life insurance subsidiaries for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Statutory net income (loss) |
||||||||||||
NLIC |
$ | 167 | $ | 341 | $ | 262 | ||||||
NLAIC |
$ | (99 | ) | $ | (122 | ) | $ | (103 | ) | |||
Statutory capital and surplus |
||||||||||||
NLIC |
$ | 4,567 | $ | 4,408 | $ | 3,550 | ||||||
NLAIC |
$ | 735 | $ | 691 | $ | 534 | ||||||
|
|
|
|
|
|
Dividend Restrictions
The payment of dividends by NLIC is subject to restrictions set forth in the insurance laws and regulations of the State of Ohio, its domiciliary state. The State of Ohio insurance laws require Ohio-domiciled life insurance companies to notify the Ohio Superintendent of Insurance of all dividends prior to payment and must seek prior regulatory approval to pay a dividend or distribute cash or other property if the fair market value thereof, together with that of other dividends or distributions made in the preceding twelve months, exceeds the greater of (1) 10% of statutory-basis policyholders surplus as of the prior December 31 or (2) the statutory-basis net income of the insurer as of the prior December 31. During the years ended December 31, 2015, 2014 and 2013 NLIC did not pay any dividends to NFS. As of January 1, 2016, NLIC has the ability to pay dividends to NFS totaling $457 million without obtaining prior approval.
The State of Ohio insurance laws also require insurers to seek prior regulatory approval for any dividend paid from other than earned surplus. Earned surplus is defined under the State of Ohio insurance laws as the amount equal to the Companys unassigned funds as set forth in its most recent statutory financial statements, including net unrealized capital gains and losses or revaluation of assets. Additionally, following any dividend, an insurers policyholder surplus must be reasonable in relation to the insurers outstanding liabilities and adequate for its financial needs. The payment of dividends by the Company may also be subject to restrictions set forth in the insurance laws of the State of New York that limit the amount of statutory profits on the Companys participating policies (measured before dividends to policyholders) available for the benefit of the Company and its stockholders.
The Company currently does not expect such regulatory requirements to impair the ability to pay operating expenses and dividends in the future.
38
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Regulatory Risk-Based Capital
The National Association of Insurance Commissioners (NAIC) Risk-Based Capital (RBC) model law requires every insurer to calculate its total adjusted capital and RBC requirement to ensure insurer solvency. Regulatory guidelines provide for an insurance commissioner to intervene if the insurer experiences financial difficulty, as evidenced by a companys total adjusted capital falling below established relationships to required RBC. The model includes components for asset risk, liability risk, interest rate exposure and other factors. The State of Ohio imposes minimum RBC requirements that are developed by the NAIC. The formulas in the model for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, all of which require specified corrective action. NLIC, NLAIC, Olentangy and Eagle each exceeded the minimum RBC requirements for all periods presented.
(15) | Related Party Transactions |
The Company has entered into significant, recurring transactions and agreements with NMIC, other affiliates and subsidiaries as a part of its ongoing operations. These include annuity and life insurance contracts, agreements related to reinsurance, cost sharing, tax sharing, administrative services, marketing, intercompany loans, intercompany repurchases, cash management services and software licensing. In addition, employees of the company participate in several benefit plans sponsored by NMIC, for which the Company has no legal obligations. Measures used to allocate expenses among companies include individual employee estimates of time spent, special cost studies, claims counts, policies in force, direct written premium, paid losses, pro rate share of employees or their salaries, the number of full-time employees, commission expense and other methods agreed to by the participating companies.
Effective January 1, 2015, the Company became party to a revised tax sharing agreement that reflects the new NMIC consolidated federal return group which includes its eligible life and non-life insurance company subsidiaries. The method of allocation among the companies is based upon separate return calculations with current benefit for tax losses and credits utilized in the consolidated return
In addition, Nationwide Services Company, LLC (NSC), a subsidiary of NMIC, provides data processing, systems development, hardware and software support, telephone, mail and other services to the Company, based on specified rates for units of service consumed pursuant to the enterprise cost sharing agreement. For the years ended December 31, 2015, 2014 and 2013, the Company was allocated costs from NMIC and NSC totaling $289 million, $275 million and $277 million, respectively.
The Company has issued group annuity and life insurance contracts and performs administrative services for various employee benefit plans sponsored by NMIC or its affiliates. Total account values of these contracts were $3.3 billion as of December 31, 2015 and 2014. Total revenues from these contracts were $129 million, $131 million and $137 million for the years ended December 31, 2015, 2014 and 2013, respectively, and include policy charges, net investment income from investments backing the contracts and administrative fees. Total interest credited to the account balances was $106 million for the year ended December 31, 2015 and $109 million for the years ended December 31, 2014 and 2013.
The Company may underwrite insurance policies for its agents, employees, officers and/or directors. The Company may offer discounts on certain products that are subject to applicable state insurance laws and approvals.
Under the enterprise cost sharing agreement, the Company has a cost sharing arrangement with NMIC to occupy office space. The Company made payments to NMIC of $18 million for the year ended December 31, 2015 and $16 million for the years ended December 31, 2014 and 2013.
NLIC has a reinsurance agreement with NMIC whereby all of NLICs accident and health business not ceded to unaffiliated reinsurers is ceded to NMIC on a modified coinsurance basis. Either party may terminate the agreement on January 1 of any year with prior notice. Under a modified coinsurance agreement, the ceding company retains invested assets, and investment earnings are paid to the reinsurer. Under the terms of NLICs agreements, the investment risk associated with changes in interest rates is borne by the reinsurer. The ceding of risk does not discharge the original insurer from its primary obligation to the policyholder. Revenues ceded to NMIC for the years ended December 31, 2015, 2014 and 2013 were $209 million, $208 million and $179 million, respectively, while benefits, claims and expenses ceded during these years were $207 million, $217 million and $178 million, respectively.
39
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Funds of Nationwide Funds Group (NFG), a group of Nationwide businesses that develops, sells and services mutual funds, are offered to the Companys customers as investment options in certain of the Companys products. As of December 31, 2015 and 2014, customer allocations to NFG funds totaled $59.1 billion and $58.1 billion, respectively. For the years ended December 31, 2015, 2014 and 2013, NFG paid the Company $196 million, $185 million and $163 million, respectively, for the distribution and servicing of these funds.
Amounts on deposit with NCMC for the benefit of the Company were $501 million and $636 million as of December 31, 2015 and 2014, respectively.
Nationwide Bank has a line of credit agreement with NLIC that allows the Bank access to borrow up to $50 million from NLIC. The borrowing rate on the line of credit is equal to the daily Prime Rate. The Bank had no amounts outstanding under this agreement as of December 31, 2015 and 2014.
Certain annuity products are sold through affiliated companies, which are also subsidiaries of NFS. Total commissions and fees paid to these affiliates were $63 million, $57 million and $54 million for the years ended December 31, 2015, 2014 and 2013, respectively.
The Company provides financing to subsidiaries Nationwide Realty Investors, LTD, a subsidiary of NMIC. As of December 31, 2015 and 2014, the Company had notes receivable outstanding of $238 million and $142 million, respectively.
(16) | Contingencies |
Legal and Regulatory Matters
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. The Companys legal and regulatory matters include proceedings specific to the Company and other proceedings generally applicable to business practices in the industries in which the Company operates. These matters are subject to many uncertainties, and given their complexity and scope, their outcomes cannot be predicted. Regulatory proceedings could also affect the outcome of one or more of the Companys litigation matters. Furthermore, it is often not possible to determine the ultimate outcomes of the pending regulatory investigations and legal proceedings or to provide reasonable ranges of potential losses with any degree of certainty. Some matters, including certain of those referred to below, are in very preliminary stages, and the Company does not have sufficient information to make an assessment of the plaintiffs claims for liability or damages. In some of the cases seeking to be certified as class actions, the court has not yet decided whether a class will be certified or (in the event of certification) the size of the class and class period. In many of the cases, the plaintiffs are seeking undefined amounts of damages or other relief, including punitive damages and equitable remedies, which are difficult to quantify and cannot be defined based on the information currently available. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory matters is not likely to have a material adverse effect on the Companys consolidated financial position. Nonetheless, given the large or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation, it is possible that such outcomes could materially affect the Companys consolidated financial position or results of operations.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS and state insurance authorities. Such regulatory entities may, in the normal course, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. The financial services industry has been the subject of increasing scrutiny in connection with a broad spectrum of regulatory issues; with respect to all such scrutiny directed at the Company and/or its affiliates, the Company is cooperating with regulators. The Company will cooperate with NMIC insofar as any inquiry, examination or investigation encompasses NMICs operations.
On August 15, 2001, NFS and NLIC were named in a lawsuit filed in the United States District Court for the District of Connecticut entitled Lou Haddock, as trustee of the Flyte Tool & Die, Incorporated Deferred Compensation Plan, et al v. Nationwide Financial Services, Inc. and Nationwide Life Insurance Company. On November 18, 2009, the plaintiffs filed a sixth amended complaint amending the list of named plaintiffs and claiming to represent a class of qualified retirement plan trustees under the Employee Retirement Income Security Act of 1974 (ERISA) that purchased variable annuities from NLIC. The plaintiffs allege that they invested ERISA plan assets in their variable annuity contracts and that NLIC and NFS breached ERISA fiduciary duties by allegedly accepting service payments from certain mutual funds. The complaint seeks damages in an amount equivalent to some or all of the payments allegedly received by NFS and NLIC, other unspecified relief for restitution, declaratory and injunctive relief and attorneys fees. On November 6, 2009, the Court granted the plaintiffs motion for class certification. On October 21, 2010, the District Court dismissed NFS from the lawsuit. On February 6, 2012, the Second Circuit Court of Appeals vacated the November 6, 2009 order granting class certification and remanded the case back to the District Court for further consideration. On September 6, 2013, the District
40
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Court granted the plaintiffs motion for class certification. On December 11, 2014, the plaintiffs filed a 7th Amended Complaint adding another sub class of defendants that held trust platform products. On December 11, 2014 plaintiffs filed a motion for preliminary approval of settlement. On January 5, 2015, the Court signed the Order Preliminarily Approving Settlement and Approving Form and Manner of Notice. On March 31, 2015, the Court held a Fairness Hearing. On April 9, 2015, the Court entered the Final Order and Consent Judgment. The Company has paid the loss amount. In November 2015, the settlement administrator mailed settlement checks to class members. NFS has made adequate provision for all probable and reasonably estimable losses associated with this settlement.
Indemnifications
In the normal course of business, the Company provides standard indemnifications to contractual counterparties. The types of indemnifications typically provided include breaches of representations and warranties, taxes and certain other liabilities, such as third party lawsuits. The indemnification clauses are often standard contractual terms and are entered into in the normal course of business based on an assessment that the risk of loss would be remote. The terms of the indemnifications vary in duration and nature. In many cases, the maximum obligation is not explicitly stated, and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Consequently, the amount of the obligation under such indemnifications is not determinable. Historically, the Company has not made any material payments pursuant to these obligations.
(17) | Reinsurance |
The following table summarizes the effects of reinsurance on life, accident and health insurance in force and premiums for the years ended:
December 31, | ||||||||||||
(in millions) |
2015 | 2014 | 2013 | |||||||||
Premiums |
||||||||||||
Direct |
$ | 1,144 | $ | 1,178 | $ | 1,015 | ||||||
Assumed from other companies |
| | | |||||||||
Ceded to other companies |
(358 | ) | (347 | ) | (291 | ) | ||||||
|
|
|
|
|
|
|||||||
Net |
$ | 786 | $ | 831 | $ | 724 | ||||||
|
|
|
|
|
|
|||||||
Life, accident and health insurance in force |
||||||||||||
Direct |
$ | 260,465 | $ | 241,936 | $ | 228,095 | ||||||
Assumed from other companies |
5 | 5 | 6 | |||||||||
Ceded to other companies |
(60,976 | ) | (59,588 | ) | (58,310 | ) | ||||||
|
|
|
|
|
|
|||||||
Net |
$ | 199,494 | $ | 182,353 | $ | 169,791 | ||||||
|
|
|
|
|
|
Amounts recoverable under reinsurance contracts totaled $647 million, $704 million and $675 million as of December 31, 2015, 2014 and 2013, respectively, and are included in other assets in the consolidated balance sheets.
(18) | Segment Information |
Management views the Companys business primarily based on its underlying products and uses this basis to define its four reportable segments: Individual Products and Solutions-Annuity, Retirement Plans, Individual Products and Solutions-Life and NBSG and Corporate and Other.
The primary segment profitability measure that management uses is a non-GAAP financial measure called pre-tax operating earnings (loss), which is calculated by adjusting income before federal income taxes to exclude: (1) certain changes in variable annuity liabilities and net realized investment gains and losses, except for operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to certain product hedges); (2) the adjustment to amortization of DAC related to certain changes in variable annuity liabilities and net realized investment gains and losses; and (3) net losses attributable to noncontrolling interest.
41
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
Individual Products and Solutions-Annuity
The Individual Products & Solutions - Annuity segment consists of individual annuity products marketed under the Nationwide DestinationSM and other Nationwide-specific or private label brands. Deferred annuity contracts provide the customer with tax-deferred accumulation of savings and flexible payout options including lump sum, systematic withdrawal or a stream of payments for life. In addition, deferred variable annuity contracts provide the customer with access to a wide range of investment options and asset protection features, while deferred fixed annuity contracts generate a return for the customer at a specified interest rate fixed for prescribed periods. Immediate annuities differ from deferred annuities in that the initial premium is exchanged for a stream of income for a certain period and/or for the owners lifetime without future access to the original investment. The majority of assets and recent sales for the Individual Products & Solutions - Annuity segment consist of deferred variable annuities.
Retirement Plans
The Retirement Plans segment is comprised of the private and public sector retirement plans businesses. The private sector business primarily includes Internal Revenue Code (IRC) Section 401 qualified plans funded through fixed and variable group annuity contracts issued through NLIC. The public sector business primarily includes IRC Section 457 (b) and Section 401(a) governmental plans, both in the form of full-service arrangements that provide plan administration along with fixed and variable group annuities, as well as administration-only business. Across the public and private sector business Nationwide Investment Advisors managed account services are also available. The Retirement Plans segment also includes stable value wrap products and solutions.
Individual Products and Solutions-Life and NBSG
The Individual Products & Solutions - Life and NBSG segment consists of life insurance products, including individual variable universal life, COLI and BOLI products, traditional life insurance products, fixed universal life insurance products and indexed universal life insurance products. Life insurance products provide a death benefit and, for certain products, allow the customer to build cash value on a tax-advantaged basis.
Corporate and Other
The Corporate and Other segment includes certain non-operating changes in variable annuity liabilities and non-operating realized gains and losses, related amortization and other revenues and expenses not allocated to other segments. Additionally, this segment includes the funding agreements with the FHLB.
42
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
The following tables summarize the Companys business segment operating results for the years ended:
(in millions) |
Individual Products and Solutions- Annuity |
Retirement Plans |
Individual Products and Solutions- Life and NBSG |
Corporate and Other |
Total | |||||||||||||||
December 31, 2015 |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||
Policy charges |
$ | 1,259 | 111 | 846 | | $ | 2,216 | |||||||||||||
Premiums |
459 | | 292 | 35 | 786 | |||||||||||||||
Net investment income |
591 | 752 | 602 | 37 | 1,982 | |||||||||||||||
Non-operating changes in variable annuity liabilities and net realized investment losses1 |
| | | (56 | ) | (56 | ) | |||||||||||||
Other revenues2 |
(76 | ) | | (7 | ) | 7 | (76 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total revenues |
$ | 2,233 | $ | 863 | $ | 1,733 | $ | 23 | $ | 4,852 | ||||||||||
Benefits and expenses: |
||||||||||||||||||||
Interest credited to policyholder accounts |
$ | 328 | 494 | 236 | 20 | $ | 1,078 | |||||||||||||
Benefits and claims3 |
700 | | 705 | 29 | 1,434 | |||||||||||||||
Amortization of DAC |
13 | 7 | 115 | (67 | ) | 68 | ||||||||||||||
Other expenses, net of deferrals |
334 | 163 | 371 | 176 | 1,044 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total benefits and expenses |
$ | 1,375 | $ | 664 | $ | 1,427 | $ | 158 | $ | 3,624 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Income before federal income taxes and noncontrolling interests |
$ | 858 | 199 | 306 | (135 | ) | $ | 1,228 | ||||||||||||
|
|
|||||||||||||||||||
Less: certain non-operating changes in variable annuity liabilities and net realized investment gains (losses)1 |
| | | 56 | ||||||||||||||||
Less: adjustment to amortization of DAC and other related expenses related to non-operating items above |
| | | (74 | ) | |||||||||||||||
Less: net loss attributable to noncontrolling interest |
| | | 96 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Pre-tax operating earnings (loss) |
$ | 858 | $ | 199 | $ | 306 | $ | (57 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Assets as of year end |
$ | 73,370 | $ | 30,524 | $ | 30,650 | $ | 9,634 | $ | 144,178 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Excluding operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to certain product hedges). |
2 | Includes operating items discussed above. |
3 | Excludes certain non-operating changes in variable annuity liabilities. |
43
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(in millions) |
Individual Products and Solutions- Annuity |
Retirement Plans |
Individual Products and Solutions- Life and NBSG |
Corporate and Other |
Total | |||||||||||||||
December 31, 2014 |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||
Policy charges |
$ | 1,175 | $ | 107 | $ | 783 | $ | | $ | 2,065 | ||||||||||
Premiums |
518 | | 284 | 29 | 831 | |||||||||||||||
Net investment income |
546 | 750 | 565 | 39 | 1,900 | |||||||||||||||
Non-operating net realized investment gains, including other-than-temporary impairment losses1 |
| | | (1,051 | ) | (1,051 | ) | |||||||||||||
Other revenues2 |
(38 | ) | | 12 | 10 | (16 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total revenues |
$ | 2,201 | $ | 857 | $ | 1,644 | $ | (973 | ) | $ | 3,729 | |||||||||
Benefits and expenses: |
||||||||||||||||||||
Interest credited to policyholder accounts |
$ | 370 | $ | 482 | $ | 231 | $ | 13 | $ | 1,096 | ||||||||||
Benefits and claims |
828 | | 644 | 30 | 1,502 | |||||||||||||||
Amortization of DAC |
120 | (28 | ) | 122 | (7 | ) | 207 | |||||||||||||
Other expenses, net of deferrals |
300 | 153 | 348 | 254 | 1,055 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total benefits and expenses |
$ | 1,618 | $ | 607 | $ | 1,345 | $ | 290 | $ | 3,860 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Income before federal income taxes and noncontrolling interests |
$ | 583 | $ | 250 | $ | 299 | $ | (1,263 | ) | $ | (131 | ) | ||||||||
Less: non-operating net realized investment gains, including other-than-temporary impairment losses1 |
| | | 1,051 | ||||||||||||||||
Less: adjustment to amortization of DAC and other related expenses related to net realized investment gains and losses |
| | | (11 | ) | |||||||||||||||
Less: net loss attributable to noncontrolling interest |
| | | 94 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Pre-tax operating earnings (loss) |
$ | 583 | $ | 250 | $ | 299 | $ | (129 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Assets as of year end |
$ | 72,429 | $ | 30,744 | $ | 29,322 | $ | 11,029 | $ | 143,524 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Excluding operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to certain product hedges). |
2 | Includes operating items discussed above. |
44
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Notes to December 31, 2015, 2014 and 2013 Consolidated Financial Statements
(in millions) |
Individual Products and Solutions- Annuity |
Retirement Plans |
Individual Products and Solutions- Life and NBSG |
Corporate and Other |
Total | |||||||||||||||
December 31, 2013 |
||||||||||||||||||||
Revenues: |
||||||||||||||||||||
Policy charges |
$ | 1,021 | $ | 101 | $ | 727 | $ | | $ | 1,849 | ||||||||||
Premiums |
416 | | 282 | 26 | 724 | |||||||||||||||
Net investment income |
546 | 743 | 544 | 16 | 1,849 | |||||||||||||||
Non-operating net realized investment gains, including of other-than-temporary impairment losses1 |
| | | 783 | 783 | |||||||||||||||
Other revenues2 |
(109 | ) | | 6 | 15 | (88 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total revenues |
$ | 1,874 | $ | 844 | $ | 1,559 | $ | 840 | $ | 5,117 | ||||||||||
Benefits and expenses: |
||||||||||||||||||||
Interest credited to policyholder accounts |
$ | 377 | $ | 473 | $ | 213 | $ | 4 | $ | 1,067 | ||||||||||
Benefits and claims |
694 | | 636 | 24 | 1,354 | |||||||||||||||
Amortization of DAC |
185 | (2 | ) | 125 | 66 | 374 | ||||||||||||||
Other expenses, net of deferrals |
295 | 151 | 347 | 188 | 981 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total benefits and expenses |
$ | 1,551 | $ | 622 | $ | 1,321 | $ | 282 | $ | 3,776 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Income before federal income taxes and noncontrolling interests |
$ | 323 | $ | 222 | $ | 238 | $ | 558 | $ | 1,341 | ||||||||||
Less: non-operating net realized investment gains, including other-than-temporary impairment losses1 |
| | | (783 | ) | |||||||||||||||
Less: adjustment to amortization of DAC and other related expenses related to net realized investment gains and losses |
| | | 70 | ||||||||||||||||
Less: net loss attributable to noncontrolling interest |
| | | 82 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Pre-tax operating earnings (loss) |
$ | 323 | $ | 222 | $ | 238 | $ | (73 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Assets as of year end |
$ | 68,805 | $ | 29,904 | $ | 27,183 | $ | 7,553 | $ | 133,445 | ||||||||||
|
|
|
|
|
|
|
|
|
|
1 | Excluding operating items (trading portfolio realized gains and losses, trading portfolio valuation changes and net realized gains and losses related to certain product hedges). |
2 | Includes operating items discussed above. |
45
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule I Consolidated Summary of Investments Other Than Investments in Related Parties
As of December 31, 2015 (in millions)
Column A |
Column B | Column C | Column D | |||||||||
Type of investment |
Cost | Fair value |
Amount at which shown in the consolidated balance sheet |
|||||||||
Fixed maturity securities, available-for-sale: |
||||||||||||
Bonds: |
||||||||||||
U.S. government and agencies |
$ | 343 | $ | 402 | $ | 402 | ||||||
Obligations of states, political subdivisions and foreign governments |
2,136 | 2,367 | 2,367 | |||||||||
Public utilities |
3,411 | 3,495 | 3,495 | |||||||||
All other corporate, mortgage-backed and asset-backed securities |
31,106 | 31,306 | 31,306 | |||||||||
|
|
|
|
|
|
|||||||
Total fixed maturity securities, available-for-sale |
$ | 36,996 | $ | 37,570 | $ | 37,570 | ||||||
Equity securities, available-for-sale: |
||||||||||||
Common stocks: |
||||||||||||
Industrial, miscellaneous and all other |
$ | 7 | $ | 17 | $ | 17 | ||||||
Nonredeemable preferred stocks |
| 4 | 4 | |||||||||
|
|
|
|
|
|
|||||||
Total equity securities, available-for-sale |
$ | 7 | $ | 21 | $ | 21 | ||||||
Trading assets |
72 | 67 | 67 | |||||||||
Mortgage loans, net of allowance |
8,422 | 8,396 | 1 | |||||||||
Policy loans |
993 | 993 | ||||||||||
Other investments |
855 | 855 | ||||||||||
Short-term investments |
766 | 766 | ||||||||||
|
|
|
|
|||||||||
Total investments |
$ | 48,111 | $ | 48,668 | ||||||||
|
|
|
|
1 | Difference from Column B primarily is attributable to valuation allowances due to impairments on mortgage loans (see Note 6 to the audited consolidated financial statements). |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
46
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule III Supplementary Insurance Information
As of December 31, 2015, 2014 and 2013 and for each of the years then ended (in millions)
Column A |
Column B | Column C | Column D | Column E | Column F | |||||||||||||||
Year: Segment |
Deferred policy acquisition costs |
Future policy benefits, losses, claims and loss expenses |
Unearned premiums1 |
Other policy claims and benefits payable1 |
Premium revenue |
|||||||||||||||
2015 |
||||||||||||||||||||
IPS - Annuity |
$ | 3,070 | $ | 15,160 | $ | 459 | ||||||||||||||
Retirement Plans |
222 | 15,940 | | |||||||||||||||||
IPS - Life and NBSG |
1,937 | 11,582 | 292 | |||||||||||||||||
Corporate and Other |
(29 | ) | 2,715 | 35 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 5,200 | $ | 45,397 | $ | 786 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
2014 |
||||||||||||||||||||
IPS - Annuity |
$ | 2,495 | $ | 12,619 | $ | 518 | ||||||||||||||
Retirement Plans |
216 | 14,905 | | |||||||||||||||||
IPS - Life and NBSG |
1,717 | 10,763 | 284 | |||||||||||||||||
Corporate and Other |
(365 | ) | 2,443 | 29 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 4,063 | $ | 40,730 | $ | 831 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
2013 |
||||||||||||||||||||
IPS - Annuity |
$ | 2,214 | $ | 10,985 | $ | 416 | ||||||||||||||
Retirement Plans |
179 | 14,313 | | |||||||||||||||||
IPS - Life and NBSG |
1,557 | 10,068 | 282 | |||||||||||||||||
Corporate and Other |
(172 | ) | 1,399 | 26 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 3,778 | $ | 36,765 | $ | 724 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Column A |
Column G | Column H | Column I | Column J | Column K | |||||||||||||||
Year: Segment |
Net investment income2 |
Benefits, claims, losses and settlement expenses |
Amortization of deferred policy acquisition costs |
Other operating expenses2 |
Premiums written |
|||||||||||||||
2015 |
||||||||||||||||||||
IPS - Annuity |
$ | 591 | $ | 1,257 | $ | 13 | 334 | |||||||||||||
Retirement Plans |
752 | 494 | 7 | 163 | ||||||||||||||||
IPS - Life and NBSG |
602 | 941 | 115 | 371 | ||||||||||||||||
Corporate and Other |
37 | 48 | (67 | ) | 176 | |||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 1,982 | $ | 2,740 | $ | 68 | $ | 1,044 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
2014 |
||||||||||||||||||||
IPS - Annuity |
$ | 546 | $ | 1,198 | $ | 120 | $ | 300 | ||||||||||||
Retirement Plans |
750 | 482 | (28 | ) | 153 | |||||||||||||||
IPS - Life and NBSG |
565 | 875 | 122 | 348 | ||||||||||||||||
Corporate and Other |
39 | 43 | (7 | ) | 254 | |||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 1,900 | $ | 2,598 | $ | 207 | $ | 1,055 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
2013 |
||||||||||||||||||||
IPS - Annuity |
$ | 546 | $ | 1,071 | $ | 185 | $ | 295 | ||||||||||||
Retirement Plans |
743 | 473 | (2 | ) | 151 | |||||||||||||||
IPS - Life and NBSG |
544 | 849 | 125 | 347 | ||||||||||||||||
Corporate and Other |
16 | 28 | 66 | 188 | ||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||||||
Total |
$ | 1,849 | $ | 2,421 | $ | 374 | $ | 981 | ||||||||||||
|
|
|
|
|
|
|
|
1 | Unearned premiums and other policy claims and benefits payable are included in Column C amounts. |
2 | Allocations of net investment income and certain operating expenses are based on numerous assumptions and estimates, and reported segment operating results would change if different methods were applied. |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
47
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule IV Reinsurance
As of December 31, 2015, 2014 and 2013 and for each of the years then ended (in millions)
Column A |
Column B | Column C | Column D | Column E | ||||||||||||
Gross amount |
Ceded to other companies |
Assumed from other companies |
Net amount | |||||||||||||
2015 |
||||||||||||||||
Life, accident and health insurance in force |
$ | 260,465 | $ | (60,976 | ) | $ | 5 | $ | 199,494 | |||||||
Premiums: |
||||||||||||||||
Life insurance1 |
$ | 842 | $ | (56 | ) | $ | | $ | 786 | |||||||
Accident and health insurance |
302 | (302 | ) | | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 1,144 | $ | (358 | ) | $ | | $ | 786 | |||||||
|
|
|
|
|
|
|
|
|||||||||
2014 |
||||||||||||||||
Life, accident and health insurance in force |
$ | 241,936 | $ | (59,588 | ) | $ | 5 | $ | 182,353 | |||||||
Premiums: |
||||||||||||||||
Life insurance1 |
$ | 888 | $ | (57 | ) | $ | | $ | 831 | |||||||
Accident and health insurance |
290 | (290 | ) | | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 1,178 | $ | (347 | ) | $ | | $ | 831 | |||||||
|
|
|
|
|
|
|
|
|||||||||
2013 |
||||||||||||||||
Life, accident and health insurance in force |
$ | 228,095 | $ | (58,310 | ) | $ | 6 | $ | 169,791 | |||||||
Premiums: |
||||||||||||||||
Life insurance1 |
$ | 783 | $ | (59 | ) | $ | | $ | 724 | |||||||
Accident and health insurance |
232 | (232 | ) | | | |||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 1,015 | $ | (291 | ) | $ | | $ | 724 | |||||||
|
|
|
|
|
|
|
|
1 | Primarily represents premiums from traditional life insurance and life-contingent immediate annuities and excludes deposits on investment and universal life insurance products. |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
48
NATIONWIDE LIFE INSURANCE COMPANY AND SUBSIDIARIES
(a wholly-owned subsidiary of Nationwide Financial Services, Inc.)
Schedule V Valuation and Qualifying Accounts
Years ended December 31, 2015, 2014 and 2013 (in millions)
Column A |
Column B | Column C | Column D | Column E | ||||||||||||||||
Description |
Balance at beginning of period |
Charged to costs and expenses |
Charged to other accounts |
Deductions1 | Balance at end of period |
|||||||||||||||
2015 |
||||||||||||||||||||
Valuation allowances - mortgage loans |
$ | 26 | $ | 2 | $ | | $ | (2 | ) | $ | 26 | |||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
2014 |
||||||||||||||||||||
Valuation allowances - mortgage loans |
$ | 35 | $ | (8 | ) | $ | | $ | (1 | ) | $ | 26 | ||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
2013 |
||||||||||||||||||||
Valuation allowances - mortgage loans |
$ | 44 | $ | (4 | ) | $ | | $ | (5 | ) | $ | 35 | ||||||||
|
|
|
|
|
|
|
|
|
|
1 | Amounts generally represent payoffs, sales and recoveries. |
See accompanying notes to consolidated financial statements and report of independent registered public accounting firm.
49
(a) | Resolution of the Depositor's Board of Directors authorizing the establishment of the Registrant – Filed previously on Form N8B-2 for the NW VLI Separate Account – 2 (033-62795) and hereby incorporated by reference. |
(b) | Not Applicable |
(c) | Underwriting or Distribution of contracts between the Depositor and Principal Underwriter – Filed previously with the Post-Effective Amendment No. 18 (033-42180) and hereby incorporated by reference. |
(d) | The form of the contract – Filed previously with initial registration statement (033-42180) and hereby incorporated by reference. |
(e) | The form of the contract application – Filed previously with initial registration statement (033-42180) and hereby incorporated by reference. |
(f) | Depositor's Certificate of Incorporation and By-Laws. |
(1) | Amended Articles of Incorporation for Nationwide Life Insurance Company. Filed previously with initial registration statement (333-164119) on January 4, 2010 as document "exhibitf1.htm" and hereby incorporated by reference. |
(2) | Amended and Restated Code of Regulations of Nationwide Life Insurance Company. Filed previously with initial registration statement (333-164119) on January 4, 2010 as document "exhibitf2.htm" and hereby incorporated by reference. |
(3) | Articles of Merger of Nationwide Life Insurance Company of America with and into Nationwide Life Insurance Company, effective December 31, 2009. Filed previously with initial registration statement (333-164119) on January 4, 2010 as document "exhibitf3.htm" and hereby incorporated by reference. |
(g) | Reinsurance Contracts -Filed previously with registration statement (333-31725) and hereby incorporated by reference. |
(h) | Participation Agreements - The following Fund Participation Agreements were previously filed on July 17, 2007 with pre-effective amendment number 1 of registration statement (333-140608) under Exhibit 26(h), and are hereby incorporated by reference. |
(1) | Fund Participation Agreement with AIM Variable Insurance Funds, AIM Advisors, Inc., and AIM Distributors dated January 6, 2003, under document "aimfpa99h1.htm". |
(2) | Amended and Restated Fund Participation and Shareholder Services Agreement with American Century Investment Services, Inc. dated September 15, 2004, as amended, under document "amcentfpa99h2" |
(3) | Restated and Amended Fund Participation Agreement with The Dreyfus Corporation dated January 27, 2000, as amended, under document "dreyfusfpa99h3.htm". |
(4) | Fund Participation Agreement with Federated Insurance Series and Federated Securities Corp. dated April 1, 2006, as amended, under document "fedfpa99h4.htm". |
(5) | Fund Participation Agreement with Fidelity Variable Insurance Products Fund dated May 1, 1988, as amended, including Fidelity Variable Insurance Products Fund IV and Fidelity Variable Insurance Products Fund V, under document "fidifpa99h5.htm". |
(6) | Amended and Restated Fund Participation Agreement with Franklin Templeton Variable Insurance Products Trust and Franklin/Templeton Distributors, Inc. dated May 1, 2003; as amended, under document "frankfpa99h8.htm". |
(7) | Fund Participation Agreement, Service and Institutional Shares, with Janus Aspen Series, dated December 31, 1999, under document "janusfpa99h9a.htm". |
(8) | Fund Participation Agreement, Service II Shares, with Janus Aspen Series, dated May 5, 2002, under document "janusfpa99h9b.htm". |
(9) | Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable Insurance Trust) dated May 2, 2005, as amended, under document "nwfpa99h12a.htm". |
(10) | Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable Insurance Trust), American Funds Insurance Series, and Capital Research and Management Company dated May 1, 2007, as amended, under document "nwfpa99h12b.htm". |
(11) | Fund Participation Agreement with Neuberger Berman Management, Inc. dated January 1, 2006, under document "neuberfpa99h13.htm". |
(12) | Fund Participation Agreement with Oppenheimer Variable Account Funds and Oppenheimer Funds, Inc. dated April 13, 2007, under document "oppenfpa99h14.htm". |
(13) | Fund Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price International Series, Inc., T. Rowe Price Fixed Income Series, Inc., and T. Rowe Price Investment Services, Inc. dated October 1, 2002, as amended, under document "trowefpa99h15.htm". |
(14) | Fund Participation Agreement with The Universal Institutional Funds, Inc., Morgan Stanley & Co., Inc., and Morgan Stanley Investment Management, Inc. dated February 1, 2002, as amended, under document "univfpa99h16.htm". |
(15) | Fund Participation Agreement (Amended and Restated) with Alliance Capital Management L.P. and Alliance-Bernstein Investment Research and Management, Inc. dated June 1, 2003, as document "alliancebernsteinfpa.htm". |
(16) | Fund Participation Agreement with BlackRock (formerly FAM Distributors, Inc. and FAM Variable Series Funds, Inc.) dated April 13, 2004, as amended, as document "blackrockfpa.htm". |
(17) | Fund Participation Agreement with PIMCO Variable Insurance Trust and PIMCO Fund Distributors, LLC dated March 28, 2002, as amended, as document "pimcofpa.htm". |
(18) | Fund Participation Agreement with Putnam Variable Trust and Putnam Retail Management, L.P., dated February 1, 2002, as document "putnamfpa.htm". |
(19) | Fund Participation Agreement Van Eck Investment Trust, Van Eck Associates Corporation, Van Eck Securities Corporation dated September 1, 1989, as amended, as document "vaneckfpa.htm". |
(20) | Fund Participation Agreement with Waddell & Reed Services Company, Waddell & Reed, Inc., and W&R Target Funds, Inc. dated December 1, 2000, as amended, as document "waddellreedfpa.htm". |
(21) | Administrative Services Agreement with Wells Fargo Management, LLC, Stephens, Inc. dated November 15, 2004, as amended, as document "wellsfargofpa.htm". |
(22) | Fund Participation Agreement with Rydex Variable Trust & Rydex Distributors, Inc., dated September 10, 2001, as document "rydexfundpartagreement.htm". |
(23) | Fund Participation Agreement with Delaware Management Company and Delaware Distributors, L.P., as amended, dated February 5, 2008, as document "delawarefpa.htm". |
(24) | Fund Participation Agreement with Goldman Sachs Variable Insurance Trust, and Goldman Sachs & Co. dated December 22, 1998, under document "goldmansachsfpa.htm". |
(25) | Fund Participation Agreement with Fund Participation Agreement with Northern Lights Variable Trust and Northern Lights Distributors, LLC., dated February 8, 2012, as document "northernlightsfpa.htm". |
(26) | Participation Agreement Among MFS Variable Insurance Trust, MFS Variable Insurance Trust II, Nationwide Financial Services, Inc., and MFS Fund Distributors, Inc., dated May 2, 2011, under document "mfsfpa.htm". |
(i) | Not Applicable |
(j) | Not Applicable |
(k) | Opinion of Counsel – Filed previously with the registration statement on Form S-6 (033-42180) and hereby incorporated by reference. |
(l) | Not Applicable |
(m) | Not Applicable |
(n) | Consent of Independent Registered Public Accounting Firm – Attached hereto. |
(o) | Not Applicable |
(p) | Not Applicable |
(q) | Redeemability Exemption – Filed previously with registration statement (333-31725) on December 21, 2009 under document "exhibit_26q.htm" and is hereby incorporated by reference. |
(99) | Power of Attorney – Attached hereto. |
President and Chief Operating Officer and Director | Kirt A. Walker |
Executive Vice President-Chief Legal and Governance Officer | Mark Howard |
Senior Vice President-President, Nationwide Growth Solutions | Terri L. Hill |
Executive Vice President-Chief Information Officer | Michael C. Keller |
Executive Vice President-Chief Human Resources Officer | Gale V. King |
Executive Vice President | Mark A. Pizzi |
Executive Vice President and Director | Mark R. Thresher |
Senior Vice President | Harry H. Hallowell |
Senior Vice President and Treasurer | David LaPaul |
Senior Vice President-Chief Compliance Officer | Sandra L. Rich |
Senior Vice President-Chief Financial Officer and Director | Timothy G. Frommeyer |
Senior Vice President-CIO Enterprise Applications | Michael A. Richardson |
Senior Vice President-CIO NF Systems | Susan J. Gueli |
Senior Vice President-NW Retirement Plans and Director | John L. Carter |
Senior Vice President-Head of Taxation | Pamela A. Biesecker |
Senior Vice President-Individual Products & Solutions and Director | Eric S. Henderson |
Senior Vice President-Investment Management Group | Michael S. Spangler |
Senior Vice President-CIO CL & Agency | Tammy Craig |
Senior Vice President-Nationwide Financial | Steven C. Power |
Senior Vice President-Nationwide Financial Network | Peter A. Golato |
Senior Vice President-NF Legal | Rae Ann Dankovic |
Senior Vice President-NF Distribution and Sales | David L. Giertz |
Senior Vice President-NI Enterprise Brand Marketing | Michael A. Boyd |
Senior Vice President- NF Marketing | Jennifer B. MacKenzie |
Senior Vice President-Marketing Services | Tiffanie Hiibner |
Director | Stephen S. Rasmussen |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Financial Services, Inc. | Delaware | The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products. |
NFS Distributors, Inc. | Delaware | The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies. |
Nationwide Financial General Agency, Inc. | Pennsylvania | The company is a multi-state licensed insurance agency. |
Nationwide Financial Institution Distributors Agency, Inc. | Delaware | The company is an insurance agency. |
Nationwide Fund Distributors, LLC | Delaware | The company is a limited purpose broker-dealer. |
Nationwide Fund Management, LLC | Delaware | The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities. |
Nationwide Retirement Solutions, Inc. | Delaware | The company markets and administers deferred compensation plans for public employees. |
Nationwide Securities, LLC | Delaware | The company is a registered broker-dealer. |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Bank | Federal | This is a federally savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners’ Loan Act of 1933. |
Nationwide Financial Services Capital Trust | Delaware | The trust’s sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust |
Nationwide Life Insurance Company2 | Ohio | A stock corporation. The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products. |
MFS Variable Account2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Multi-Flex Variable Account2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-II2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-32,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-42,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-52,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-62,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-72,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-82,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-92,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-102,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-112,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-122,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-132,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Variable Account-142,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account 12,3 | Pennsylvania | A separate account issuing variable annuity contracts. |
Nationwide VLI Separate Account2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-22,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-32,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-42,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-52,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-62,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-72,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account 12,3 | Pennsylvania | A separate account issuing variable life insurance policies. |
Nationwide Investment Services Corporation3 | Oklahoma | This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants. |
Nationwide Financial Assignment Company3 | Ohio | The company is an administrator of structured settlements. |
Nationwide Investment Advisors, LLC3 | Ohio | The company provides investment advisory services. |
Life Reo Holdings, LLC3 | Ohio | The company is an investment holding company. |
Eagle Captive Reinsurance, LLC3 | Ohio | The company is engaged in the business of insurance |
Company | Jurisdiction
of Domicile |
Brief Description of Business |
Nationwide Life and Annuity Insurance Company2,3 | Ohio | The company engages in underwriting life insurance and granting, purchasing and disposing of annuities. |
Nationwide VA Separate Account-A2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-B2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-C2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-D2,3 | Ohio | A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account A2,3 | Delaware | A separate account issuing variable annuity contracts. |
Nationwide VL Separate Account-A2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-B2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-C2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-D2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-G2,3 | Ohio | A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account A2,3 | Delaware | A separate account issuing variable life insurance policies. |
Olentangy Reinsurance, LLC3 | Vermont | The company is a captive life reinsurance company. |
Registered Investment Advisors Services, Inc.3 | Texas | The company is a technology company that facilitates third-party money management services for registered investment advisors |
Nationwide Fund Advisors3,4 | Delaware | The trust acts as a registered investment advisor. |
1 | This subsidiary/entity is controlled by its immediate parent through contractual association. |
2 | This subsidiary/entity files separate financial statements. |
3 | Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent. |
4 | This subsidiary/entity is a business trust. |
(a) | NISC serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates: |
MFS Variable Account | Nationwide VA Separate Account-C |
Multi-Flex Variable Account | Nationwide VA Separate Account-D |
Nationwide Variable Account | Nationwide VLI Separate Account |
Nationwide Variable Account-II | Nationwide VLI Separate Account-2 |
Nationwide Variable Account-3 | Nationwide VLI Separate Account-3 |
Nationwide Variable Account-4 | Nationwide VLI Separate Account-4 |
Nationwide Variable Account-5 | Nationwide VLI Separate Account-5 |
Nationwide Variable Account-6 | Nationwide VLI Separate Account-6 |
Nationwide Variable Account-7 | Nationwide VLI Separate Account-7 |
Nationwide Variable Account-8 | Nationwide VL Separate Account-A |
Nationwide Variable Account-9 | Nationwide VL Separate Account-C |
Nationwide Variable Account-10 | Nationwide VL Separate Account-D |
Nationwide Variable Account-11 | Nationwide VL Separate Account-G |
Nationwide Variable Account-12 | Nationwide Provident VA Separate Account 1 |
Nationwide Variable Account-13 | Nationwide Provident VA Separate Account A |
Nationwide Variable Account-14 | Nationwide Provident VLI Separate Account 1 |
Nationwide VA Separate Account-A | Nationwide Provident VLI Separate Account A |
Nationwide VA Separate Account-B |
(b) | Directors and Officers of NISC: |
President | Robert O. Cline |
Vice President-Chief Compliance Officer | James J. Rabenstine |
Vice President and Treasurer | John A. Reese |
Vice President-Tax | Daniel P. Eppley |
Associate Vice President and Secretary | Kathy R. Richards |
Associate Vice President and Assistant Secretary | Parag H. Shah |
Associate Vice President-Nationwide Financial Services Distribution Compliance | Valerie Hamilton |
Associate Vice President and Assistant Treasurer | J. Morgan Elliott |
Associate Vice President and Assistant Treasurer | David A. Connor |
Director | John L. Carter |
Director | Eric S. Henderson |
Director | David L. Giertz |
Name of Principal Underwriter | Net
Underwriting Discounts and Commissions |
Compensation
on Redemption or Annuitization |
Brokerage
Commissions |
Compensation | ||||
Nationwide Investment Services
Corporation |
N/A | N/A | N/A | N/A |
Nationwide VLI Separate Account-2 |
(Registrant) |
Nationwide Life Insurance Company |
(Depositor) |
By: /s/ JAMIE RUFF CASTO |
Jamie
Ruff Casto Attorney-in-Fact |
KIRT A. WALKER | |
Kirt A. Walker, President and Chief Operating Officer, and Director | |
MARK R. THRESHER | |
Mark R. Thresher, Executive Vice President and Director | |
TIMOTHY G. FROMMEYER | |
Timothy G. Frommeyer, Senior Vice President-Chief Financial Officer and Director | |
ERIC S. HENDERSON | |
Eric S. Henderson, Senior Vice President - Individual Products & Solutions and Director | |
JOHN L. CARTER | |
John L. Carter, Senior Vice President – Nationwide Retirement Plans and Director | |
STEPHEN S. RASMUSSEN | |
Stephen S. Rasmussen, Director | |
By /s/ JAMIE RUFF CASTO | |
Jamie
Ruff Casto Attorney-in-Fact |
Variable Annuities and Variable Life Insurance Policies | ||
Separate Account (1940 Act File No.) | 1933 Act File Nos. | |
MFS Variable Account (811-2662) | 002-73432 | |
Multi-Flex Variable Account (811-3338) | 033-23905, 002-75174 | |
Nationwide Variable Account (811-2716) | 002-58043, 333-80481, 033-60239, 333-176908 | |
Nationwide Variable Account-II (811-3330) | 002-75059, 033-67636, 033-60063, 333-103093, 333-103094, 333-103095, 333-104513, 333-104511, 333-104512, 333-104510, 333-151990, 333-105992, 333-147273, 333-140621, 333-144053, 333-147198, 333-160635, 333-164886, 333-168818, 333-177934, 333-177581, 333-177582, 333-177316, 333-177319, 333-177439, 333-177441, 333-177729, 333-177731, 333-173349, 333-177938, 333-182494 | |
Nationwide Variable Account-3 (811-5405) | 033-18422, 033-24434 | |
Nationwide Variable Account-4 (811-5701) | 033-25734, 033-26454, 333-62692, 333-135650, 333-140812, 333-201820 | |
Nationwide Variable Account-5 (811-8142) | 033-71440 | |
Nationwide Variable Account-6 (811-8684) | 033-82370, 333-21909 | |
Nationwide Variable Account-7 (811-8666) | 033-82190, 033-82174, 033-89560 | |
Nationwide Variable Account-8 (811-7357) | 033-62637, 033-62659 | |
Nationwide Variable Account-9 (811-08241) | 333-28995, 333-52579, 333-56073, 333-53023, 333-79327, 333-69014, 333-75360 | |
Nationwide Variable Account-10 (811-09407) | 333-81701 | |
Nationwide Variable Account-11 (811-10591) | 333-74904, 333-74908 | |
Nationwide Variable Account-12 (811-21099) | 333-88612, 333-108894, 333-178057, 333-178059 | |
Nationwide Variable Account-13 (811-21139) | 333-91890 | |
Nationwide Variable Account-14 (811-21205) | 333-104339 | |
Nationwide VA Separate Account-A (811-5606) | 033-85164, 033-22940 | |
Nationwide VA Separate Account-B (811-06399) | 033-86408, 033-93482, 333-11415 | |
Nationwide VA Separate Account-C (811-7908) | 033-66496, 333-44485 | |
Nationwide VA Separate Account-D (811-10139) | 333-45976 | |
Nationwide VLI Separate Account (811-4399) | 033-00145, 033-44290, 033-35698 | |
Nationwide VLI Separate Account-2 (811-5311) | 033-16999, 033-62795, 033-42180, 033-35783, 033-63179, 333-27133 | |
Nationwide VLI Separate Account-3 (811-6140) | 033-44789, 033-44296 | |
Nationwide VLI Separate Account-4 (811-08301) | 333-31725, 333-43671, 333-52617, 333-94037, 333-52615, 333-53728, 333-69160, 333-83010, 333-137202, 333-153343, 333-169879 | |
Nationwide VLI Separate Account-5 (811-10143) | 333-46338, 333-46412, 333-66572, 333-121881, 333-125481, 333-125482 | |
Nationwide VLI Separate Account-6 (811-21398) | 333-106908 | |
Nationwide VLI Separate Account-7 (811-21610) | 333-117998, 333-121879, 333-146649, 333-140606, 333-149295, 333-156020, 333-182893, 333-182887 | |
Nationwide VL Separate Account-A (811-6137) | 033-44792, 033-44300, 033-35775, 333-27123, 333-22677 |
Variable Annuities and Variable Life Insurance Policies | ||
Separate Account (1940 Act File No.) | 1933 Act File Nos. | |
Nationwide VL Separate Account-B (811-07819) | 333-12333 | |
Nationwide VL Separate Account-C (811-8351) | 333-43639, 333-36869 | |
Nationwide VL Separate Account-D (811-08891) | 333-59517 | |
Nationwide VL Separate Account-G (811-21697) | 333-121878, 333-140608, 333-146073, 333-146650, 333-149213, 333-155153, 333-182897, 333-182896 | |
Nationwide Provident VA Separate Account 1 (811-7708) | 333-164127; 333-164125; 333-164126; 333-164124 | |
Nationwide Provident VLI Separate Account 1 (811-4460) | 333-164180; 333-164117; 333-164178; 333-164179; 333-164119; 333-164120; 333-164115; 333-164118; 333-164116 | |
Nationwide Provident VA Separate Account A (811-6484) | 333-164131; 333-164130; 333-164132; 333-164129; 333-164128 | |
Nationwide Provident VLI Separate Account A (811-8722) | 333-164188; 333-164123; 333-164185; 333-164122; 333-164121 |
General Account Products | ||
Insurance Company | 1933 Act File Nos. | |
Nationwide Life Insurance Company | 333-133163, 333-196863, 333-149613, 333-155368, 333-160418, 333-200329, 333-203062 | |
Nationwide Life and Annuity Insurance Company | 333-47640 |
/s/ Timothy G. Frommeyer | /s/ Eric S. Henderson | |
TIMOTHY G. FROMMEYER, Director | ERIC S. HENDERSON, Director | |
/s/ Stephen S. Rasmussen | /s/ Mark R. Thresher | |
STEPHEN S. RASMUSSEN, Director | MARK R. THRESHER, Director | |
/s/ Kirt A. Walker | /s/ John L.Carter | |
KIRT A. WALKER, Director | JOHN L. CARTER, Director |