NATIONWIDE

VLI SEPARATE

ACCOUNT-2

Annual Report

to

Contract Owners

December 31, 2017

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and subsidiaries and

Contract Owners of Nationwide VLI Separate Account-2:

Opinion on the Financial Statements

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 the Appendix, (collectively, “the Accounts”)), as of December 31, 2017, and the related statements of operations for the year or period then ended indicated in the Appendix, the statements of changes in contract owners’ equity for each of the years or periods in the two-year period then ended indicated in the Appendix, and the related notes (collectively, the “financial statements”) and the financial highlights for each of the years or periods in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Accounts as of December 31, 2017, the results of their operations for the year or period then ended, the changes in contract owners’ equity for each of the years or periods in the two-year period then ended, and the financial highlights for each of the years or periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

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 are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. 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, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2017, by correspondence with the transfer agents of the underlying mutual funds or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have not been able to determine the specific year that we began serving as the auditor of one or more Nationwide Life Insurance Company and subsidiaries separate account investment companies, however we are aware that we have served as the auditor of one or more Nationwide Life Insurance Company and subsidiaries separate account investment companies since at least 1981.

Columbus, Ohio

March 16, 2018

Appendix

We have audited the following sub-accounts’ Statements of Operations and Statements of Changes in Contract Owners’ Equity for the periods indicated.

Sub-account	Financial Statement	Period
Dimensional Fund Advisors Inc. VA Inflation-Protected Securities Portfolio (DFVIPS)
	Statement of Operations	Year ended December 31, 2017
	Statements of Changes in Contract Owners’ Equity	November 30, 2016 to December 31, 2016 and the year ended December 31, 2017
Deutsche Asset & Wealth Management Global Income Builder VIP - Class A (DSGIBA)
	Statement of Operations	Year ended December 31, 2017
	Statements of Changes in Contract Owners’ Equity	May 11, 2016 to December 31, 2016 and the year ended December 31, 2017
Lord Abbett Funds Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)
	Statement of Operations	Year ended December 31, 2017
	Statements of Changes in Contract Owners’ Equity	June 6, 2016 to December 31, 2016 and the year ended December 31, 2017
Northern Lights TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)
	Statement of Operations	Year ended December 31, 2017
	Statements of Changes in Contract Owners’ Equity	March 30, 2016 to December 31, 2016 and the year ended December 31, 2017
Putnam Investments VT Growth Opportunities Fund: Class IB (PVGOB)
	Statement of Operations	Year ended December 31, 2017
	Statements of Changes in Contract Owners’ Equity	November 18, 2016 to December 31, 2016 and the year ended December 31, 2017
BlackRock Funds Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)
	Statement of Operations	June 12, 2017 to December 31, 2017
	Statement of Changes in Contract Owners’ Equity	June 12, 2017 to December 31, 2017
Fidelity Investments VIP Real Estate Portfolio - Service Class (FRESS)
	Statement of Operations	May 24, 2017 to December 31, 2017
	Statement of Changes in Contract Owners’ Equity	May 24, 2017 to December 31, 2017
Janus Henderson Investments Enterprise Portfolio: Institutional Shares (JAEI)
	Statement of Operations	May 9, 2017 to December 31, 2017
	Statement of Changes in Contract Owners’ Equity	May 9, 2017 to December 31, 2017
Putnam Investments VT Equity Income Fund: Class IB (PVEIB)
	Statement of Operations	May 9, 2017 to December 31, 2017
	Statement of Changes in Contract Owners’ Equity	May 9, 2017 to December 31, 2017

Nationwide Funds Group NVIT Investor Destinations Managed Growth Class I (IDPG)
	Statement of Changes in Contract Owners’ Equity	Year ended December 31, 2016
Fidelity Investments VIP Contrafund(R) Portfolio - Initial Class (FCP)
	Statement of Operations	February 14, 2017 to December 31, 2017
	Statement of Changes in Contract Owners’ Equity	February 14, 2017 to December 31, 2017

We have audited the following sub-accounts’ Statements of Operations for the year ended December 31, 2017 and Statements of Changes in Contract Owners’ Equity for each of the years in the two-year period ended December 31, 2017.

AB FUNDS

VPS Growth and Income Portfolio - Class A (ALVGIA)

VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)

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

AMERICAN CENTURY INVESTORS, 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)

BLACKROCK FUNDS

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

DELAWARE FUNDS BY MACQUARIE

VIP Small Cap Value Series: Service Class (DWVSVS)

DREYFUS CORPORATION

Small Cap Stock Index Portfolio - Service Shares (DVSCS)

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

Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)

Appreciation Portfolio - Initial Shares (DCAP)

Opportunistic Small Cap Portfolio - Initial Shares (DSC)

Growth and Income Portfolio - Initial Shares (DGI)

FEDERATED INVESTORS

Managed Tail Risk Fund II - Primary Shares (FVCA2P)

Quality Bond Fund II - Primary Shares (FQB)

FIDELITY INVESTMENTS

Equity-Income Portfolio - Initial Class (FEIP)

High Income Portfolio - Initial Class (FHIP)

VIP Asset Manager Portfolio - Initial Class (FAMP)

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 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)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

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)

INVESCO INVESTMENTS

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)

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

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

JANUS HENDERSON INVESTORS

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 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)

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)

NVIT International Index Fund - Class II (GVIX2)

NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)

NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)

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

NVIT Investor Destinations Conservative Fund - Class II (GVIDC)

NVIT Investor Destinations Moderate Fund - Class II (GVIDM)

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

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

NVIT Mid Cap Index Fund - Class I (MCIF)

NVIT Money Market Fund - Class I (SAM)

NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)

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

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

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

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)

NEUBERGER & BERMAN MANAGEMENT, INC.

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)

NORTHERN LIGHTS

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

OPPENHEIMER FUNDS

Capital Income Fund/VA - Non-Service Shares (OVMS)

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

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

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

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

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

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

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

PIMCO FUNDS

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)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

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

PUTNAM INVESTMENTS

VT International Equity Fund: Class IB (PVTIGB)

GUGGENHEIM INVESTMENTS

Variable Fund - Multi-Hedge Strategies (RVARS)

T. ROWE PRICE

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

Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)

Advantage VT Opportunity Fund - Class 2 (SVOF)

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

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2017

Assets:
Investments at fair value:
VPS Growth and Income Portfolio - Class A (ALVGIA)
11,521 shares (cost $329,416)	$	384,222
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
1 shares (cost $14)		15
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
50,015 shares (cost $973,121)		1,084,323
VP Balanced Fund - Class I (ACVB)
767,822 shares (cost $5,649,779)		5,781,702
VP Capital Appreciation Fund - Class I (ACVCA)
104,979 shares (cost $1,538,866)		1,577,834
VP Income & Growth Fund - Class I (ACVIG)
155,024 shares (cost $1,426,350)		1,660,311
VP Inflation Protection Fund - Class II (ACVIP2)
96,402 shares (cost $1,067,431)		984,261
VP International Fund - Class I (ACVI)
35,438 shares (cost $351,304)		431,640
VP Mid Cap Value Fund - Class I (ACVMV1)
107,852 shares (cost $2,109,015)		2,453,627
VP Ultra(R) Fund - Class I (ACVU1)
39,430 shares (cost $661,556)		762,577
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund - Class I (BRVHYI)
1,321 shares (cost $9,806)		9,751
Global Allocation V.I. Fund - Class II (MLVGA2)
170,596 shares (cost $2,833,060)		2,935,964
VIP Small Cap Value Series: Service Class (DWVSVS)
11,775 shares (cost $462,741)		500,691
VA Inflation-Protected Securities Portfolio (DFVIPS)
21,541 shares (cost $215,885)		214,984
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
126,692 shares (cost $2,214,876)		2,549,038
Stock Index Fund, Inc. - Initial Shares (DSIF)
901,373 shares (cost $28,310,612)		48,205,430
Sustainable U.S. Equity Portfolio, Inc. - Initial Shares (DSRG)
179,314 shares (cost $5,706,860)		7,220,959
Appreciation Portfolio - Initial Shares (DCAP)
96,635 shares (cost $4,038,385)		4,320,561
Opportunistic Small Cap Portfolio - Initial Shares (DSC)
5,220 shares (cost $248,292)		318,013
Growth and Income Portfolio - Initial Shares (DGI)
47,650 shares (cost $1,184,649)		1,559,102
Global Income Builder VIP - Class A (DSGIBA)
5,234 shares (cost $131,352)		139,017
Managed Tail Risk Fund II - Primary Shares (FVCA2P)
24,252 shares (cost $145,377)		127,322
Quality Bond Fund II - Primary Shares (FQB)
101,107 shares (cost $1,136,733)		1,117,235
Equity-Income Portfolio - Initial Class (FEIP)
1,668,251 shares (cost $34,898,385)		39,854,509
High Income Portfolio - Initial Class (FHIP)
1,542,112 shares (cost $8,576,608)		8,404,510
VIP Real Estate Portfolio - Service Class (FRESS)
648 shares (cost $12,494)		12,559
VIP Asset Manager Portfolio - Initial Class (FAMP)
717,143 shares (cost $10,522,618)		10,922,090

VIP Energy Portfolio - Service Class 2 (FNRS2)
71,026 shares (cost $1,511,553)	1,402,770
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
31,881 shares (cost $379,031)	427,525
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
106,026 shares (cost $1,207,976)	1,483,298
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
93,159 shares (cost $1,088,548)	1,363,846
VIP Growth Portfolio - Initial Class (FGP)
925,296 shares (cost $35,992,276)	68,518,193
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
167,359 shares (cost $2,146,061)	2,118,760
VIP Mid Cap Portfolio - Service Class (FMCS)
184,591 shares (cost $6,056,369)	7,125,227
VIP Overseas Portfolio - Initial Class (FOP)
228,859 shares (cost $4,178,211)	5,234,003
VIP Overseas Portfolio - Service Class (FOS)
183,190 shares (cost $3,679,206)	4,171,240
VIP Value Strategies Portfolio - Service Class (FVSS)
62,569 shares (cost $898,333)	890,353
Franklin Income Securities Fund - Class 2 (FTVIS2)
94,672 shares (cost $1,509,367)	1,530,839
Rising Dividends Securities Fund - Class 1 (FTVRDI)
152,070 shares (cost $4,027,808)	4,441,954
Small Cap Value Securities Fund - Class 1 (FTVSVI)
137,394 shares (cost $2,608,929)	2,806,961
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
106,707 shares (cost $952,300)	1,091,609
Templeton Foreign Securities Fund - Class 1 (TIF)
4,033 shares (cost $51,563)	63,718
Templeton Foreign Securities Fund - Class 2 (TIF2)
70,850 shares (cost $1,071,950)	1,096,048
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
126,056 shares (cost $2,252,221)	2,081,181
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
41,777 shares (cost $306,558)	308,734
VI American Franchise Fund - Series I Shares (ACEG)
1,645 shares (cost $104,958)	103,592
VI Value Opportunities Fund - Series I Shares (AVBVI)
484 shares (cost $3,374)	3,671
VI Mid Cap Core Equity Fund - Series I Shares (AVMCCI)
2,071 shares (cost $28,712)	29,849
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
48,511 shares (cost $266,134)	272,630
Balanced-Risk Allocation Fund - Series I Shares (IVBRA1)
12,787 shares (cost $142,263)	144,623
Balanced Portfolio: Service Shares (JABS)
43,163 shares (cost $1,370,244)	1,600,900
Enterprise Portfolio: Institutional Shares (JAEI)
4,636 shares (cost $316,871)	327,522
Forty Portfolio: Service Shares (JACAS)
116,340 shares (cost $3,945,290)	4,402,302
Global Technology Portfolio: Service Shares (JAGTS)
306,492 shares (cost $2,752,124)	3,543,052
Overseas Portfolio: Service Shares (JAIGS)
110,114 shares (cost $3,420,748)	3,384,916
Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)
73,583 shares (cost $1,254,062)	1,225,890

Var Insurance Trust II - MFS Investors Growth Stock Portfolio - Initial Class (MV2IGI)
11,242 shares (cost $187,849)	209,106
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
6,078 shares (cost $103,810)	122,169
Value Series - Initial Class (MVFIC)
175,438 shares (cost $3,336,099)	3,670,155
Core Plus Fixed Income Portfolio - Class I (MSVFI)
29,394 shares (cost $310,857)	322,751
Emerging Markets Debt Portfolio - Class I (MSEM)
92,939 shares (cost $743,305)	750,948
U.S. Real Estate Portfolio - Class I (MSVRE)
42,701 shares (cost $797,908)	927,468
NVIT Bond Index Fund Class I (NVBX)
32,793 shares (cost $352,390)	341,372
NVIT International Index Fund Class I (NVIX)
16,382 shares (cost $150,373)	170,044
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
424,120 shares (cost $6,787,420)	7,133,696
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
124,967 shares (cost $2,982,085)	3,314,127
American Funds NVIT Bond Fund - Class II (GVABD2)
41,310 shares (cost $468,754)	475,065
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
60,768 shares (cost $1,814,311)	1,926,344
American Funds NVIT Growth Fund - Class II (GVAGR2)
27,946 shares (cost $1,896,711)	2,453,068
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
14,175 shares (cost $782,907)	793,351
Federated NVIT High Income Bond Fund - Class I (HIBF)
160,217 shares (cost $1,087,577)	1,055,830
NVIT Emerging Markets Fund - Class I (GEM)
151,540 shares (cost $1,746,349)	2,073,073
NVIT International Equity Fund - Class I (GIG)
347,357 shares (cost $3,680,099)	4,102,283
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
1,243,022 shares (cost $11,406,726)	14,680,096
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
9,249 shares (cost $133,300)	130,404
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
28,246 shares (cost $292,361)	289,234
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
38,220 shares (cost $406,040)	434,947
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
58,300 shares (cost $671,222)	642,466
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
4,683 shares (cost $47,900)	47,577
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
99,385 shares (cost $1,086,747)	1,100,187
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
78,483 shares (cost $796,820)	770,703
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
13,403 shares (cost $150,223)	145,958
NVIT Core Bond Fund - Class I (NVCBD1)
52,922 shares (cost $580,260)	571,553
NVIT Core Plus Bond Fund - Class I (NVLCP1)
12,117 shares (cost $139,320)	136,442
NVIT Nationwide Fund - Class I (TRF)
2,815,964 shares (cost $29,294,990)	53,813,080

NVIT Government Bond Fund - Class I (GBF)
478,855 shares (cost $5,524,952)	5,128,533
NVIT International Index Fund - Class II (GVIX2)
47,512 shares (cost $462,707)	492,705
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
350,509 shares (cost $4,024,806)	4,766,924
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
32,000 shares (cost $487,865)	515,522
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
6,514 shares (cost $113,434)	120,973
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
31,629 shares (cost $320,036)	318,817
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
263,883 shares (cost $3,091,939)	3,435,761
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
397,866 shares (cost $4,454,001)	5,613,893
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
94,920 shares (cost $1,090,047)	1,079,242
NVIT Mid Cap Index Fund - Class I (MCIF)
256,810 shares (cost $5,810,952)	6,682,189
NVIT Money Market Fund - Class I (SAM)
14,309,714 shares (cost $14,309,714)	14,309,714
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
353,644 shares (cost $4,197,300)	4,254,335
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
45,046 shares (cost $478,197)	519,835
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
170,486 shares (cost $2,131,275)	2,320,308
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
135,872 shares (cost $1,447,239)	1,475,571
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
2,565,203 shares (cost $25,872,777)	31,552,000
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2,114,387 shares (cost $22,071,446)	23,998,294
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
101,221 shares (cost $1,865,059)	1,954,583
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
333,319 shares (cost $4,797,251)	5,113,114
NVIT Multi-Manager Small Company Fund - Class I (SCF)
757,145 shares (cost $13,957,659)	17,141,764
NVIT Multi-Sector Bond Fund - Class I (MSBF)
132,125 shares (cost $1,229,104)	1,223,477
NVIT Short Term Bond Fund - Class II (NVSTB2)
13,888 shares (cost $143,771)	142,079
NVIT Large Cap Growth Fund - Class I (NVOLG1)
3,473,467 shares (cost $60,764,208)	68,357,824
Templeton NVIT International Value Fund - Class III (NVTIV3)
13,124 shares (cost $166,599)	167,729
Invesco NVIT Comstock Value Fund - Class I (EIF)
39,659 shares (cost $623,553)	797,147
NVIT Real Estate Fund - Class I (NVRE1)
1,152,197 shares (cost $8,766,904)	7,443,195
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
11,370 shares (cost $129,581)	146,564
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
10,306 shares (cost $127,211)	131,099
NVIT Small Cap Index Fund Class II (NVSIX2)
15,192 shares (cost $186,088)	205,550

NVIT S&P 500 Index Fund Class I (GVEX1)
181,066 shares (cost $2,715,750)	3,175,906
Short Duration Bond Portfolio - I Class Shares (AMTB)
169,447 shares (cost $1,810,148)	1,772,420
Guardian Portfolio - I Class Shares (AMGP)
5,699 shares (cost $99,435)	92,042
International Portfolio - S Class Shares (AMINS)
1,744 shares (cost $18,564)	23,775
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
60,983 shares (cost $1,442,109)	1,694,719
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
4,099 shares (cost $90,638)	105,619
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
201,100 shares (cost $2,330,236)	3,360,377
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
931 shares (cost $13,968)	20,684
Socially Responsive Portfolio - I Class Shares (AMSRS)
29,083 shares (cost $557,869)	744,817
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)
891 shares (cost $10,405)	10,910
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
182 shares (cost $1,963)	2,279
Capital Income Fund/VA - Non-Service Shares (OVMS)
331,583 shares (cost $4,720,753)	5,278,808
Core Bond Fund/VA - Non-Service Shares (OVB)
398,377 shares (cost $2,923,211)	3,119,290
Global Securities Fund/VA - Non-Service Shares (OVGS)
506,433 shares (cost $18,411,043)	24,015,052
International Growth Fund/VA - Non-Service Shares (OVIG)
82,770 shares (cost $191,392)	214,374
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
51,243 shares (cost $1,503,901)	1,652,602
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
49,213 shares (cost $1,074,334)	1,269,208
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
14,089 shares (cost $1,062,249)	1,186,412
Global Strategic Income Fund/VA - Non-service Shares (OVSB)
51,116 shares (cost $265,261)	262,225
All Asset Portfolio - Administrative Class (PMVAAA)
47,132 shares (cost $477,797)	511,383
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
2,263 shares (cost $16,397)	16,201
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
20,924 shares (cost $224,909)	223,259
Low Duration Portfolio - Administrative Class (PMVLDA)
120,899 shares (cost $1,276,292)	1,238,004
Total Return Portfolio - Administrative Class (PMVTRA)
65,833 shares (cost $727,432)	720,216
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
3,356 shares (cost $41,333)	41,781
VT Equity Income Fund: Class IB (PVEIB)
6,481 shares (cost $161,141)	172,983
VT Growth Opportunities Fund: Class IB (PVGOB)
57,975 shares (cost $476,510)	578,014
VT International Equity Fund: Class IB (PVTIGB)
18,007 shares (cost $239,038)	274,604
Variable Fund - Multi-Hedge Strategies (RVARS)
5,681 shares (cost $138,488)	141,063

Health Sciences Portfolio - II (TRHS2)
121,877 shares (cost $4,604,564)		4,964,057
Limited-Term Bond Portfolio - II (TRLT2)
15,513 shares (cost $74,933)		74,463
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)
117,715 shares (cost $1,188,175)		1,047,661
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
298,994 shares (cost $3,783,060)		4,673,272
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
149,183 shares (cost $3,886,841)		3,540,119
Variable Insurance Portfolios - Asset Strategy (WRASP)
173,717 shares (cost $1,839,928)		1,627,343
Variable Insurance Portfolios - High Income (WRHIP)
171,443 shares (cost $596,710)		623,605
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
36,207 shares (cost $372,630)		420,329
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)
21,236 shares (cost $626,714)		674,031
Advantage VT Opportunity Fund - Class 2 (SVOF)
51,524 shares (cost $1,017,068)		1,398,364
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
33,970 shares (cost $318,257)		345,810
Total Investments	$	648,047,772
Other Accounts Receivable		794
Accounts Receivable - VP Capital Appreciation Fund - Class I (ACVCA)		12,674
Accounts Receivable - VP International Fund - Class I (ACVI)		19,226
Accounts Receivable - Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)		29
Accounts Receivable - Stock Index Fund, Inc. - Initial Shares (DSIF)		17,182
Accounts Receivable - Equity-Income Portfolio - Initial Class (FEIP)		32,630
Accounts Receivable - High Income Portfolio - Initial Class (FHIP)		6,013
Accounts Receivable - VIP Real Estate Portfolio - Service Class (FRESS)		4
Accounts Receivable - VIP Asset Manager Portfolio - Initial Class (FAMP)		5,127
Accounts Receivable - VIP Growth Portfolio - Initial Class (FGP)		24,702
Accounts Receivable - VIP Overseas Portfolio - Initial Class (FOP)		4,097
Accounts Receivable - VI Mid Cap Core Equity Fund - Series I Shares (AVMCCI)		13
Accounts Receivable - U.S. Real Estate Portfolio - Class I (MSVRE)		671
Accounts Receivable - NVIT Nationwide Fund - Class I (TRF)		11,290
Accounts Receivable - NVIT Government Bond Fund - Class I (GBF)		2,964
Accounts Receivable - NVIT Multi-Manager Small Company Fund - Class I (SCF)		59,921
Accounts Receivable - Short Duration Bond Portfolio - I Class Shares (AMTB)		1,919
Accounts Receivable - Guardian Portfolio - I Class Shares (AMGP)		80
Accounts Receivable - International Portfolio - S Class Shares (AMINS)		9
Accounts Receivable - Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		3,423
Accounts Receivable - Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)		11
Accounts Receivable - TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)		2
Accounts Receivable - Capital Income Fund/VA - Non-Service Shares (OVMS)		4,699
Accounts Receivable - Core Bond Fund/VA - Non-Service Shares (OVB)		4,906
Accounts Receivable - Global Securities Fund/VA - Non-Service Shares (OVGS)		35,907
Accounts Receivable - VIP Trust Global Hard Assets Fund - Initial Class (VWHA)		11,402
Accounts Receivable - Advantage VT Opportunity Fund - Class 2 (SVOF)		16,047
Accounts Payable - VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)		(1	)
Accounts Payable - NVIT Money Market Fund - Class I (SAM)		(88,318	)
	$	648,235,195

Contract Owners’ Equity:
Accumulation units		648,235,195
Total Contract Owners’ Equity (note 8)	$	648,235,195

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2017

Investment Activity:	Total			ALVGIA			ALVDAA			ALVSVA			ACVB			ACVCA			ACVIG			ACVIP2
Reinvested dividends	$	6,598,013			5,135			1			4,884			85,290			-			40,253			25,829
Asset charges (note 3)		(3,213,396	)		(1,772	)		-			(5,418	)		(35,953	)		(10,871	)		(9,100	)		(4,022	)
Net investment income (loss)		3,384,617			3,363			1			(534	)		49,337			(10,871	)		31,153			21,807
Realized gain (loss) on investments		10,827,915			8,585			8			(22,231	)		67,016			72,875			84,696			(15,913	)
Change in unrealized gain (loss) on investments		77,253,826			18,302			2			99,269			351,860			36,778			153,713			25,531
Net gain (loss) on investments		88,081,741			26,887			10			77,038			418,876			109,653			238,409			9,618
Reinvested capital gains		20,273,921			30,387			-			52,530			210,167			186,016			50,011			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	111,740,279			60,637			11			129,034			678,380			284,798			319,573			31,425
Investment Activity:	ACVI			ACVMV1			ACVU1			BRVHYI			MLVGA2			DWVSVS			DFVIPS			DVSCS
Reinvested dividends	$	4,146			40,824			72			83			34,243			4,566			5,319			17,106
Asset charges (note 3)		(1,230	)		(13,534	)		(4,515	)		(10	)		(13,659	)		(2,912	)		(994	)		(12,912	)
Net investment income (loss)		2,916			27,290			(4,443	)		73			20,584			1,654			4,325			4,194
Realized gain (loss) on investments		54,227			147,798			1,296			(3	)		28,513			55,874			243			78,969
Change in unrealized gain (loss) on investments		63,144			51,320			100,658			(55	)		290,588			(25,425	)		(591	)		90,085
Net gain (loss) on investments		117,371			199,118			101,954			(58	)		319,101			30,449			(348	)		169,054
Reinvested capital gains		-			55,398			912			-			29,134			24,331			-			111,947
Net increase (decrease) in contract owners’ equity resulting from operations	$	120,287			281,806			98,423			15			368,819			56,434			3,977			285,195

Investment Activity:	DSIF			DSRG			DCAP			DSC			DGI			DSGIBA			FVCA2P			FQB
Reinvested dividends	$	779,100			80,521			54,238			-			10,957			1,580			2,422			38,434
Asset charges (note 3)		(221,618	)		(39,301	)		(18,820	)		(1,802	)		(7,158	)		(307	)		(386	)		(6,706	)
Net investment income (loss)		557,482			41,220			35,418			(1,802	)		3,799			1,273			2,036			31,728
Realized gain (loss) on investments		1,369,615			266,585			73,076			26,422			58,807			282			(9,620	)		(2,155	)
Change in unrealized gain (loss) on investments		5,719,392			187,905			337,708			39,949			132,760			7,326			22,265			10,036
Net gain (loss) on investments		7,089,007			454,490			410,784			66,371			191,567			7,608			12,645			7,881
Reinvested capital gains		1,081,053			462,886			522,333			5,177			64,837			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	8,727,542			958,596			968,535			69,746			260,203			8,881			14,681			39,609
Investment Activity:	FEIP			FHIP			FRESS			FAMP			FNRS2			FF10S			FF20S			FF30S
Reinvested dividends	$	659,005			449,448			179			198,843			19,506			6,008			20,359			16,973
Asset charges (note 3)		(211,871	)		(48,276	)		(32	)		(60,961	)		(7,276	)		(2,177	)		(7,518	)		(6,882	)
Net investment income (loss)		447,134			401,172			147			137,882			12,230			3,831			12,841			10,091
Realized gain (loss) on investments		(701,866	)		(84,968	)		2			431			(112,715	)		6,718			43,132			56,860
Change in unrealized gain (loss) on investments		3,993,560			234,676			64			27,283			22,850			29,557			117,481			123,685
Net gain (loss) on investments		3,291,694			149,708			66			27,714			(89,865	)		36,275			160,613			180,545
Reinvested capital gains		812,500			-			-			1,183,117			720			8,448			39,942			45,507
Net increase (decrease) in contract owners’ equity resulting from operations	$	4,551,328			550,880			213			1,348,713			(76,915	)		48,554			213,396			236,143

Investment Activity:	FGP			FIGBS			FMCS			FOP			FOS			FVSS			FTVIS2			FTVRDI
Reinvested dividends	$	137,874			49,541			42,052			69,477			50,627			11,792			57,247			73,389
Asset charges (note 3)		(350,220	)		(9,371	)		(34,100	)		(24,793	)		(20,391	)		(4,045	)		(6,482	)		(20,089	)
Net investment income (loss)		(212,346	)		40,170			7,952			44,684			30,236			7,747			50,765			53,300
Realized gain (loss) on investments		2,400,071			(6,543	)		192,728			(99,589	)		6,940			1,500			2,612			50,357
Change in unrealized gain (loss) on investments		11,672,708			32,468			755,978			1,310,143			918,004			(72,016	)		70,319			522,817
Net gain (loss) on investments		14,072,779			25,925			948,706			1,210,554			924,944			(70,516	)		72,931			573,174
Reinvested capital gains		4,526,557			9,590			313,570			4,536			3,565			206,708			-			151,839
Net increase (decrease) in contract owners’ equity resulting from operations	$	18,386,990			75,685			1,270,228			1,259,774			958,745			143,939			123,696			778,313
Investment Activity:	FTVSVI			FTVDM2			TIF			TIF2			FTVGI2			FTVFA2			ACEG			AVBVI
Reinvested dividends	$	19,596			8,403			2,000			28,457			-			7,884			166			15
Asset charges (note 3)		(13,190	)		(4,203	)		(329	)		(5,213	)		(10,020	)		(1,402	)		(394	)		-
Net investment income (loss)		6,406			4,200			1,671			23,244			(10,020	)		6,482			(228	)		15
Realized gain (loss) on investments		89,832			(10,140	)		7,079			(67,365	)		(49,337	)		(1,247	)		12,335			44
Change in unrealized gain (loss) on investments		(12,774	)		287,538			1,964			203,166			83,963			14,581			(3,923	)		559
Net gain (loss) on investments		77,058			277,398			9,043			135,801			34,626			13,334			8,412			603
Reinvested capital gains		183,386			-			-			-			6,871			12,153			16,166			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	266,850			281,598			10,714			159,045			31,477			31,969			24,350			618

Investment Activity:	AVMCCI			IVKMG1			IVBRA1			JABS			JAEI			JACAS			JAGTS			JAIGS
Reinvested dividends	$	151			-			5,410			19,854			97			-			14,241			50,528
Asset charges (note 3)		(86	)		(1,292	)		(834	)		(6,545	)		(265	)		(20,428	)		(14,883	)		(19,105	)
Net investment income (loss)		65			(1,292	)		4,576			13,309			(168	)		(20,428	)		(642	)		31,423
Realized gain (loss) on investments		(7	)		20,961			(3,390	)		21,411			42			(91,843	)		293,785			(157,555	)
Change in unrealized gain (loss) on investments		1,200			10,500			4,773			199,069			10,651			945,540			613,149			903,824
Net gain (loss) on investments		1,193			31,461			1,383			220,480			10,693			853,697			906,934			746,269
Reinvested capital gains		585			18,753			7,337			2,672			919			235,838			182,300			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,843			48,922			13,296			236,461			11,444			1,069,107			1,088,592			777,692
Investment Activity:	LOVTRC			MV2IGI			MNDIC			MVFIC			MSVFI			MSEM			MSVRE			NVBX
Reinvested dividends	$	28,963			1,329			-			65,538			9,804			42,172			19,231			7,587
Asset charges (note 3)		(5,780	)		(1,131	)		(647	)		(15,831	)		(1,323	)		(3,937	)		(7,313	)		(1,650	)
Net investment income (loss)		23,183			198			(647	)		49,707			8,481			38,235			11,918			5,937
Realized gain (loss) on investments		(361	)		(2,103	)		(4,880	)		34,322			1,590			(21,773	)		119,572			124
Change in unrealized gain (loss) on investments		14,889			43,341			29,274			319,776			7,448			54,488			(113,035	)		1,851
Net gain (loss) on investments		14,528			41,238			24,394			354,098			9,038			32,715			6,537			1,975
Reinvested capital gains		-			10,596			2,199			134,110			-			-			-			513
Net increase (decrease) in contract owners’ equity resulting from operations	$	37,711			52,032			25,946			537,915			17,519			70,950			18,455			8,425

Investment Activity:	NVIX			NVAMV1			GVAAA2			GVABD2			GVAGG2			GVAGR2			GVAGI2			HIBF
Reinvested dividends	$	4,463			117,750			33,955			5,726			13,373			7,082			10,220			57,569
Asset charges (note 3)		(768	)		(35,865	)		(15,202	)		(2,395	)		(8,857	)		(11,001	)		(3,619	)		(4,248	)
Net investment income (loss)		3,695			81,885			18,753			3,331			4,516			(3,919	)		6,601			53,321
Realized gain (loss) on investments		3,645			182,723			32,627			1,368			14,882			74,138			(1,680	)		(1,656	)
Change in unrealized gain (loss) on investments		24,533			32,946			305,695			5,914			291,888			283,518			60,565			13,235
Net gain (loss) on investments		28,178			215,669			338,322			7,282			306,770			357,656			58,885			11,579
Reinvested capital gains		-			256,004			68,405			1,295			149,211			172,968			72,328			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	31,873			553,558			425,480			11,908			460,497			526,705			137,814			64,900
Investment Activity:	GEM			GIG			NVNMO1			NVNSR1			NVCRA1			NVCRB1			NVCCA1			NVCCN1
Reinvested dividends	$	26,686			64,236			72,189			775			3,698			7,073			10,720			1,031
Asset charges (note 3)		(10,715	)		(17,957	)		(70,383	)		(622	)		(1,585	)		(2,170	)		(3,419	)		(306	)
Net investment income (loss)		15,971			46,279			1,806			153			2,113			4,903			7,301			725
Realized gain (loss) on investments		55,282			2,776			620,665			(311	)		648			600			(11,223	)		(1,465	)
Change in unrealized gain (loss) on investments		617,524			828,319			2,120,583			9,380			27,552			20,260			52,713			3,025
Net gain (loss) on investments		672,806			831,095			2,741,248			9,069			28,200			20,860			41,490			1,560
Reinvested capital gains		-			-			283,914			10,333			18,750			19,536			40,658			963
Net increase (decrease) in contract owners’ equity resulting from operations	$	688,777			877,374			3,026,968			19,555			49,063			45,299			89,449			3,248

Investment Activity:	NVCMD1			NVCMA1			NVCMC1			NVCBD1			NVLCP1			TRF			GBF			GVIX2
Reinvested dividends	$	19,874			11,651			2,874			17,259			3,528			518,004			110,124			12,267
Asset charges (note 3)		(5,326	)		(4,273	)		(536	)		(3,639	)		(661	)		(296,163	)		(26,539	)		(1,444	)
Net investment income (loss)		14,548			7,378			2,338			13,620			2,867			221,841			83,585			10,823
Realized gain (loss) on investments		15,396			10,848			(250	)		717			(408	)		1,958,039			(51,526	)		(843	)
Change in unrealized gain (loss) on investments		40,781			49,952			5,171			6,150			1,624			7,067,926			50,939			79,932
Net gain (loss) on investments		56,177			60,800			4,921			6,867			1,216			9,025,965			(587	)		79,089
Reinvested capital gains		64,242			56,490			5,822			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	134,967			124,668			13,081			20,487			4,083			9,247,806			82,998			89,912
Investment Activity:	GVIDA			NVDBL2			NVDCA2			GVIDC			GVIDM			GVDMA			GVDMC			MCIF
Reinvested dividends	$	69,968			9,186			1,932			6,170			59,209			87,424			19,712			68,752
Asset charges (note 3)		(11,388	)		(1,184	)		(658	)		(2,233	)		(14,576	)		(26,174	)		(7,462	)		(33,085	)
Net investment income (loss)		58,580			8,002			1,274			3,937			44,633			61,250			12,250			35,667
Realized gain (loss) on investments		152,430			2,072			(79	)		(6,566	)		129,989			115,376			(4,599	)		227,171
Change in unrealized gain (loss) on investments		219,562			28,998			9,091			12,707			26,256			277,699			34,970			259,172
Net gain (loss) on investments		371,992			31,070			9,012			6,141			156,245			393,075			30,371			486,343
Reinvested capital gains		324,495			11,913			3,989			6,658			208,464			338,586			44,882			385,783
Net increase (decrease) in contract owners’ equity resulting from operations	$	755,067			50,985			14,275			16,736			409,342			792,911			87,503			907,793

Investment Activity:	SAM			NVMIG1			GVDIVI			NVMLG1			NVMLV1			NVMMG1			NVMMV2			SCGF
Reinvested dividends	$	61,864			50,161			12,938			7,535			20,899			-			261,880			-
Asset charges (note 3)		(76,104	)		(21,873	)		(2,190	)		(8,769	)		(6,658	)		(156,794	)		(127,196	)		(7,431	)
Net investment income (loss)		(14,240	)		28,288			10,748			(1,234	)		14,241			(156,794	)		134,684			(7,431	)
Realized gain (loss) on investments		-			(32,569	)		(3,670	)		(13,373	)		(86,245	)		1,023,332			710,150			(45,441	)
Change in unrealized gain (loss) on investments		-			896,721			88,280			422,476			188,037			4,664,635			883,882			394,076
Net gain (loss) on investments		-			864,152			84,610			409,103			101,792			5,687,967			1,594,032			348,635
Reinvested capital gains		-			-			-			87,622			72,517			1,483,265			1,222,768			14,026
Net increase (decrease) in contract owners’ equity resulting from operations	$	(14,240	)		892,440			95,358			495,491			188,550			7,014,438			2,951,484			355,230
Investment Activity:	SCVF			SCF			MSBF			NVSTB2			NVOLG1			NVTIV3			EIF			NVRE1
Reinvested dividends	$	25,125			-			58,196			2,380			307,129			3,253			23,109			162,938
Asset charges (note 3)		(22,966	)		(82,658	)		(7,140	)		(1,186	)		(322,726	)		(945	)		(3,913	)		(38,006	)
Net investment income (loss)		2,159			(82,658	)		51,056			1,194			(15,597	)		2,308			19,196			124,932
Realized gain (loss) on investments		219,770			503,678			(2,476	)		(4,646	)		906,869			(9,234	)		24,316			(732,242	)
Change in unrealized gain (loss) on investments		(48,174	)		479,715			20,471			5,980			12,589,242			40,642			78,002			940,342
Net gain (loss) on investments		171,596			983,393			17,995			1,334			13,496,111			31,408			102,318			208,100
Reinvested capital gains		233,968			1,118,539			-			-			1,539,612			-			-			118,759
Net increase (decrease) in contract owners’ equity resulting from operations	$	407,723			2,019,274			69,051			2,528			15,020,126			33,716			121,514			451,791

Investment Activity:	NVLCAP			NVLMP			NVSIX2			GVEX1			AMTB			AMGP			AMINS			AMCG
Reinvested dividends	$	2,598			1,837			1,654			54,619			25,828			284			145			-
Asset charges (note 3)		(717	)		(212	)		(1,039	)		(15,336	)		(7,408	)		(671	)		-			(6,832	)
Net investment income (loss)		1,881			1,625			615			39,283			18,420			(387	)		145			(6,832	)
Realized gain (loss) on investments		5,474			63			(114	)		117,902			(6,097	)		(7,214	)		56			19,227
Change in unrealized gain (loss) on investments		13,104			3,991			17,504			343,876			(3,827	)		16,062			4,862			318,888
Net gain (loss) on investments		18,578			4,054			17,390			461,778			(9,924	)		8,848			4,918			338,115
Reinvested capital gains		1,721			1,267			7,989			73,889			-			10,360			-			30,983
Net increase (decrease) in contract owners’ equity resulting from operations	$	22,180			6,946			25,994			574,950			8,496			18,821			5,063			362,266
Investment Activity:	AMMCGS			AMTP			AMRS			AMSRS			NOTB3			NOTG3			OVMS			OVB
Reinvested dividends	$	-			18,695			100			3,694			157			33			105,571			77,713
Asset charges (note 3)		(632	)		(6,474	)		-			(3,601	)		(95	)		(17	)		(28,826	)		(16,966	)
Net investment income (loss)		(632	)		12,221			100			93			62			16			76,745			60,747
Realized gain (loss) on investments		315			89,895			1,266			29,063			1,576			9			(21,020	)		25,620
Change in unrealized gain (loss) on investments		21,782			196,370			1,785			62,659			269			305			390,786			40,850
Net gain (loss) on investments		22,097			286,265			3,051			91,722			1,845			314			369,766			66,470
Reinvested capital gains		2,071			87,481			-			26,587			16			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	23,536			385,967			3,151			118,402			1,923			330			446,511			127,217

Investment Activity:	OVGS			OVIG			OVGI			OVSC			OVAG			OVSB			PMVAAA			PMVRSA
Reinvested dividends	$	205,081			2,600			19,274			10,719			332			4,683			21,502			1,532
Asset charges (note 3)		(112,535	)		(731	)		(6,336	)		(6,394	)		(6,693	)		(992	)		(2,319	)		(67	)
Net investment income (loss)		92,546			1,869			12,938			4,325			(6,361	)		3,691			19,183			1,465
Realized gain (loss) on investments		667,390			753			31,776			55,140			68,191			(528	)		(6,694	)		(2,220	)
Change in unrealized gain (loss) on investments		5,897,058			24,566			171,383			50,197			99,787			8,524			42,973			915
Net gain (loss) on investments		6,564,448			25,319			203,159			105,337			167,978			7,996			36,279			(1,305	)
Reinvested capital gains		-			-			25,859			65,802			108,945			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	6,656,994			27,188			241,956			175,464			270,562			11,687			55,462			160
Investment Activity:	PMVFBA			PMVLDA			PMVTRA			GVGMNS			PVEIB			PVGOB			PVTIGB			RVARS
Reinvested dividends	$	3,497			17,674			15,307			122			-			415			5,047			-
Asset charges (note 3)		(1,120	)		(4,966	)		(3,843	)		(100	)		(359	)		(2,276	)		(1,083	)		(256	)
Net investment income (loss)		2,377			12,708			11,464			22			(359	)		(1,861	)		3,964			(256	)
Realized gain (loss) on investments		(2,294	)		(6,135	)		(4,248	)		80			1,494			8,086			(37	)		105
Change in unrealized gain (loss) on investments		21,746			6,289			25,287			628			11,841			99,049			47,697			2,468
Net gain (loss) on investments		19,452			154			21,039			708			13,335			107,135			47,660			2,573
Reinvested capital gains		-			-			-			1,037			-			5,352			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	21,829			12,862			32,503			1,767			12,976			110,626			51,624			2,317

Investment Activity:	TRHS2			TRLT2			VWBF			VWEM			VWHA			WRASP			WRHIP			WRMCG
Reinvested dividends	$	-			846			24,501			19,025			-			25,912			35,737			-
Asset charges (note 3)		(22,079	)		-			(7,097	)		(20,373	)		(19,361	)		(8,792	)		(3,636	)		(1,954	)
Net investment income (loss)		(22,079	)		846			17,404			(1,348	)		(19,361	)		17,120			32,101			(1,954	)
Realized gain (loss) on investments		(7,793	)		(1	)		(40,631	)		(56,708	)		(429,998	)		(66,986	)		(16,494	)		(1,391	)
Change in unrealized gain (loss) on investments		906,556			(312	)		138,623			1,678,155			313,797			331,752			26,030			80,296
Net gain (loss) on investments		898,763			(313	)		97,992			1,621,447			(116,201	)		264,766			9,536			78,905
Reinvested capital gains		206,365			-			-			-			-			-			-			11,259
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,083,049			533			115,396			1,620,099			(135,562	)		281,886			41,637			88,210
Investment Activity:	SVDF			SVOF			WFVSCG			PVGIB
Reinvested dividends	$	-			8,696			-			1,947
Asset charges (note 3)		(5,304	)		(9,690	)		(1,727	)		(194	)
Net investment income (loss)		(5,304	)		(994	)		(1,727	)		1,753
Realized gain (loss) on investments		3,080			122,604			(11,710	)		(3,673	)
Change in unrealized gain (loss) on investments		142,244			16,449			78,106			(4,360	)
Net gain (loss) on investments		145,324			139,053			66,396			(8,033	)
Reinvested capital gains		37,662			104,538			9,148			10,709
Net increase (decrease) in contract owners’ equity resulting from operations	$	177,682			242,597			73,817			4,429

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2017 AND 2016

	Total						ALVGIA						ALVDAA						ALVSVA
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	3,384,617			4,290,203			3,363			1,828			1			(1	)		(534	)		1,955
Realized gain (loss) on investments		10,827,915			9,715,888			8,585			13,324			8			(20	)		(22,231	)		615
Change in unrealized gain (loss) on investments		77,253,826			(14,944,346	)		18,302			(421	)		2			20			99,269			176,588
Reinvested capital gains		20,273,921			43,953,392			30,387			20,897			-			-			52,530			67,900
Net increase (decrease) in contract owners’ equity resulting from operations		111,740,279			43,015,137			60,637			35,628			11			(1	)		129,034			247,058
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		20,997,948			24,591,965			12,754			8,393			-			-			62,139			33,244
Transfers between funds		-			-			6,724			61,791			-			-			(129,345	)		(52,120	)
Surrenders (note 6)		(41,078,059	)		(48,315,063	)		(29,655	)		(48,370	)		-			-			(121,661	)		(15,493	)
Death Benefits (note 4)		(8,962,312	)		(6,826,710	)		-			-			-			-			(3,870	)		(9,328	)
Net policy repayments (loans) (note 5)		8,731,763			5,633,238			(245	)		7,596			(42	)		(87	)		(3,822	)		(11,430	)
Deductions for surrender charges (note 2)		(3,016	)		(1,660	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(29,764,714	)		(31,307,723	)		(22,720	)		(21,948	)		(122	)		(246	)		(47,016	)		(51,293	)
Asset charges (note 3):
MSP contracts		(264,986	)		(249,921	)		(42	)		(37	)		-			-			(355	)		(397	)
SL contracts or LSFP contracts		(146,605	)		(137,619	)		(91	)		(85	)		-			-			(246	)		(216	)
Adjustments to maintain reserves		(3,327	)		29,197			27			3			1			3			19			(13	)
Net equity transactions		(50,493,308	)		(56,584,296	)		(33,248	)		7,343			(163	)		(330	)		(244,157	)		(107,046	)
Net change in contract owners’ equity		61,246,971			(13,569,159	)		27,389			42,971			(152	)		(331	)		(115,123	)		140,012
Contract owners’ equity beginning of period		586,988,224			600,557,383			356,845			313,874			166			497			1,199,444			1,059,432
Contract owners’ equity end of period	$	648,235,195			586,988,224			384,234			356,845			14			166			1,084,321			1,199,444
CHANGES IN UNITS:
Beginning units		20,898,382			22,879,589			12,562			12,235			14			43			27,662			30,399
Units purchased		1,919,100			2,502,709			1,029			2,497			-			-			1,285			1,318
Units redeemed		(3,378,712	)		(4,483,916	)		(2,177	)		(2,170	)		(13	)		(29	)		(6,761	)		(4,055	)
Ending units		19,438,770			20,898,382			11,414			12,562			1			14			22,186			27,662

	ACVB						ACVCA						ACVIG						ACVIP2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	49,337			46,733			(10,871	)		(10,988	)		31,153			34,890			21,807			15,206
Realized gain (loss) on investments		67,016			158,954			72,875			103,412			84,696			15,239			(15,913	)		(29,044	)
Change in unrealized gain (loss) on investments		351,860			(123,300	)		36,778			(206,193	)		153,713			153,290			25,531			48,653
Reinvested capital gains		210,167			227,928			186,016			146,934			50,011			36,164			-			8,103
Net increase (decrease) in contract owners’ equity resulting from operations		678,380			310,315			284,798			33,165			319,573			239,583			31,425			42,918
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		117,540			120,760			19,732			12,562			46,799			45,336			37,854			41,800
Transfers between funds		279,447			61,352			(15,671	)		(100,075	)		(576,784	)		22,196			(3,791	)		(7,852	)
Surrenders (note 6)		(173,316	)		(284,457	)		(80,300	)		39,155			(91,542	)		(81,331	)		(41,212	)		(67,284	)
Death Benefits (note 4)		(103,894	)		(62,096	)		(154,430	)		-			(1,058	)		(37,749	)		(7,370	)		(29,305	)
Net policy repayments (loans) (note 5)		53,973			33,512			105,653			(121,603	)		(2,051	)		15,595			25,615			13,235
Deductions for surrender charges (note 2)		-			(17	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(214,523	)		(222,532	)		(29,490	)		(44,280	)		(86,716	)		(89,843	)		(50,098	)		(66,717	)
Asset charges (note 3):
MSP contracts		(1,672	)		(1,661	)		-			-			(1,677	)		(1,450	)		(1,907	)		(2,002	)
SL contracts or LSFP contracts		(750	)		(488	)		(1,585	)		(1,531	)		(459	)		(336	)		(62	)		(83	)
Adjustments to maintain reserves		73			81			2,373			307			2			55			11			23
Net equity transactions		(43,122	)		(355,546	)		(153,718	)		(215,465	)		(713,486	)		(127,527	)		(40,960	)		(118,185	)
Net change in contract owners’ equity		635,258			(45,231	)		131,080			(182,300	)		(393,913	)		112,056			(9,535	)		(75,267	)
Contract owners’ equity beginning of period		5,146,349			5,191,580			1,459,428			1,641,728			2,054,209			1,942,153			993,812			1,069,079
Contract owners’ equity end of period	$	5,781,607			5,146,349			1,590,508			1,459,428			1,660,296			2,054,209			984,277			993,812
CHANGES IN UNITS:
Beginning units		178,035			185,739			70,579			83,442			94,337			100,085			64,675			72,248
Units purchased		12,574			9,643			1,400			1,370			4,266			4,813			4,708			4,458
Units redeemed		(14,562	)		(17,347	)		(8,951	)		(14,233	)		(40,066	)		(10,561	)		(7,306	)		(12,031	)
Ending units		176,047			178,035			63,028			70,579			58,537			94,337			62,077			64,675

	ACVI						ACVMV1						ACVU1						BRVHYI
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	2,916			3,550			27,290			28,014			(4,443	)		100			73			-
Realized gain (loss) on investments		54,227			30,785			147,798			98,944			1,296			(7,850	)		(3	)		-
Change in unrealized gain (loss) on investments		63,144			(65,137	)		51,320			235,780			100,658			2,571			(55	)		-
Reinvested capital gains		-			-			55,398			99,147			912			6,385			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		120,287			(30,802	)		281,806			461,885			98,423			1,206			15			-
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		3,930			4,596			50,410			476,218			74,507			-			452			-
Transfers between funds		(85,016	)		(2,500	)		(337,744	)		429,312			564,165			(164,971	)		10,607			-
Surrenders (note 6)		(49,257	)		-			(251,573	)		(429,544	)		-			-			(1,098	)		-
Death Benefits (note 4)		-			(12,460	)		(8,162	)		(51,031	)		-			-			-			-
Net policy repayments (loans) (note 5)		(1,979	)		(1,131	)		(34,588	)		(26,981	)		10,680			10,097			(31	)		-
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(11,647	)		(15,771	)		(90,040	)		(80,658	)		(2,240	)		(1,317	)		(162	)		-
Asset charges (note 3):
MSP contracts		-			-			(669	)		(592	)		-			-			-			-
SL contracts or LSFP contracts		(1,299	)		(1,309	)		(28	)		(20	)		(18	)		(77	)		-			-
Adjustments to maintain reserves		4,650			(863	)		67			(6	)		14			(21	)		(3	)		-
Net equity transactions		(140,618	)		(29,438	)		(672,327	)		316,698			647,108			(156,289	)		9,765			-
Net change in contract owners’ equity		(20,331	)		(60,240	)		(390,521	)		778,583			745,531			(155,083	)		9,780			-
Contract owners’ equity beginning of period		471,197			531,437			2,844,166			2,065,583			17,047			172,130			-			-
Contract owners’ equity end of period	$	450,866			471,197			2,453,645			2,844,166			762,578			17,047			9,780			-
CHANGES IN UNITS:
Beginning units		24,430			26,275			91,289			80,976			809			8,573			-			-
Units purchased		183			530			2,420			18,086			28,115			535			1,076			-
Units redeemed		(7,771	)		(2,375	)		(22,897	)		(7,773	)		(124	)		(8,299	)		(127	)		-
Ending units		16,842			24,430			70,812			91,289			28,800			809			949			-

	MLVGA2						DWVSVS						DFVIPS						DVSCS
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	20,584			19,436			1,654			3			4,325			267			4,194			7,486
Realized gain (loss) on investments		28,513			(38,407	)		55,874			(12,766	)		243			1			78,969			22,063
Change in unrealized gain (loss) on investments		290,588			106,481			(25,425	)		96,787			(591	)		(310	)		90,085			301,555
Reinvested capital gains		29,134			-			24,331			21,374			-			14			111,947			171,403
Net increase (decrease) in contract owners’ equity resulting from operations		368,819			87,510			56,434			105,398			3,977			(28	)		285,195			502,507
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		253,458			155,645			11,120			10,001			1,074			-			92,626			36,806
Transfers between funds		82,476			(300,587	)		5,008			162,204			191,171			23,015			(275,587	)		347,106
Surrenders (note 6)		(495,524	)		(175,942	)		(19,760	)		(418	)		-			-			(192,150	)		(123,164	)
Death Benefits (note 4)		(23,389	)		(11,256	)		(4,781	)		-			-			-			-			-
Net policy repayments (loans) (note 5)		(13,335	)		41,463			(6,496	)		(4,051	)		(757	)		(485	)		1,372			10,353
Deductions for surrender charges (note 2)		-			-			-			-			-			-			(43	)		-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(158,978	)		(158,073	)		(13,542	)		(8,470	)		(2,947	)		(37	)		(85,448	)		(79,870	)
Asset charges (note 3):
MSP contracts		(3,449	)		(3,485	)		-			-			-			-			(1,355	)		(1,015	)
SL contracts or LSFP contracts		-			-			-			-			-			-			(982	)		(866	)
Adjustments to maintain reserves		25			44			9			-			5			(2	)		(57	)		72
Net equity transactions		(358,716	)		(452,191	)		(28,442	)		159,266			188,546			22,491			(461,624	)		189,422
Net change in contract owners’ equity		10,103			(364,681	)		27,992			264,664			192,523			22,463			(176,429	)		691,929
Contract owners’ equity beginning of period		2,925,866			3,290,547			472,696			208,032			22,463			-			2,725,441			2,033,512
Contract owners’ equity end of period	$	2,935,969			2,925,866			500,688			472,696			214,986			22,463			2,549,012			2,725,441
CHANGES IN UNITS:
Beginning units		177,260			206,322			30,134			17,292			2,258			-			81,367			75,934
Units purchased		13,538			12,805			2,143			13,887			19,140			2,310			3,806			13,582
Units redeemed		(33,707	)		(41,867	)		(3,574	)		(1,045	)		(367	)		(52	)		(17,362	)		(8,149	)
Ending units		157,091			177,260			28,703			30,134			21,031			2,258			67,811			81,367

	DSIF						DSRG						DCAP						DSC
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	557,482			653,628			41,220			48,079			35,418			46,475			(1,802	)		(1,739	)
Realized gain (loss) on investments		1,369,615			1,311,757			266,585			217,417			73,076			107,490			26,422			(773	)
Change in unrealized gain (loss) on investments		5,719,392			1,039,309			187,905			(304,416	)		337,708			(467,360	)		39,949			16,362
Reinvested capital gains		1,081,053			1,500,342			462,886			645,799			522,333			602,452			5,177			34,200
Net increase (decrease) in contract owners’ equity resulting from operations		8,727,542			4,505,036			958,596			606,879			968,535			289,057			69,746			48,050
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		1,258,550			1,457,787			296,169			326,537			117,862			126,634			13,086			17,181
Transfers between funds		(582,963	)		(398,922	)		(71,682	)		(88,806	)		(215,205	)		(219,114	)		(89,470	)		(86,400	)
Surrenders (note 6)		(2,401,894	)		(2,542,930	)		(307,019	)		(340,566	)		(189,178	)		(377,883	)		(10,764	)		(50,611	)
Death Benefits (note 4)		(553,472	)		(468,792	)		(52,021	)		(76,937	)		(10,496	)		(75,311	)		(814	)		-
Net policy repayments (loans) (note 5)		(68,594	)		228,657			61,133			34,006			26,612			6,220			1,795			5,449
Deductions for surrender charges (note 2)		(85	)		(21	)		(138	)		-			(32	)		-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(2,127,267	)		(2,230,190	)		(384,328	)		(409,386	)		(176,695	)		(196,767	)		(15,314	)		(21,976	)
Asset charges (note 3):
MSP contracts		(18,328	)		(17,054	)		(2,274	)		(2,028	)		(1,700	)		(1,464	)		(141	)		(197	)
SL contracts or LSFP contracts		(18,232	)		(18,332	)		(787	)		(835	)		(2,095	)		(1,921	)		(30	)		(25	)
Adjustments to maintain reserves		3,457			2,248			98			193			46			89			5			(24	)
Net equity transactions		(4,508,828	)		(3,987,549	)		(460,849	)		(557,822	)		(450,881	)		(739,517	)		(101,647	)		(136,603	)
Net change in contract owners’ equity		4,218,714			517,487			497,747			49,057			517,654			(450,460	)		(31,901	)		(88,553	)
Contract owners’ equity beginning of period		44,003,898			43,486,411			6,723,873			6,674,816			3,803,048			4,253,508			349,909			438,462
Contract owners’ equity end of period	$	48,222,612			44,003,898			7,221,620			6,723,873			4,320,702			3,803,048			318,008			349,909
CHANGES IN UNITS:
Beginning units		823,181			896,681			151,270			164,369			141,818			173,129			14,463			21,079
Units purchased		34,683			44,766			12,222			10,823			6,101			6,983			844			3,572
Units redeemed		(111,032	)		(118,266	)		(22,508	)		(23,922	)		(20,636	)		(38,294	)		(4,699	)		(10,188	)
Ending units		746,832			823,181			140,984			151,270			127,283			141,818			10,608			14,463

	DGI						DSGIBA						FVCA2P						FQB
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	3,799			10,148			1,273			(28	)		2,036			2,152			31,728			36,686
Realized gain (loss) on investments		58,807			28,423			282			4			(9,620	)		(1,144	)		(2,155	)		(3,425	)
Change in unrealized gain (loss) on investments		132,760			(79,024	)		7,326			339			22,265			(7,704	)		10,036			5,748
Reinvested capital gains		64,837			166,634			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		260,203			126,181			8,881			315			14,681			(6,696	)		39,609			39,009
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		42,767			45,811			1,052			203			4,527			5,009			26,949			42,456
Transfers between funds		12,135			10,338			122,275			8,526			(34,428	)		-			19,604			23,706
Surrenders (note 6)		(109,368	)		(87,238	)		-			-			(551	)		-			(76,713	)		(71,323	)
Death Benefits (note 4)		(9,596	)		(81,224	)		-			-			-			(454	)		(10,728	)		-
Net policy repayments (loans) (note 5)		18,647			19,916			(5	)		-			503			(407	)		53,248			(18,187	)
Deductions for surrender charges (note 2)		-			(46	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(82,380	)		(86,885	)		(2,100	)		(129	)		(2,346	)		(2,611	)		(57,941	)		(63,697	)
Asset charges (note 3):
MSP contracts		(549	)		(560	)		-			-			-			-			(895	)		(1,058	)
SL contracts or LSFP contracts		(852	)		(751	)		-			-			(220	)		(214	)		(268	)		(305	)
Adjustments to maintain reserves		(4	)		30			4			2			(6	)		(3	)		(12	)		49
Net equity transactions		(129,200	)		(180,609	)		121,226			8,602			(32,521	)		1,320			(46,756	)		(88,359	)
Net change in contract owners’ equity		131,003			(54,428	)		130,107			8,917			(17,840	)		(5,376	)		(7,147	)		(49,350	)
Contract owners’ equity beginning of period		1,428,081			1,482,509			8,917			-			145,161			150,537			1,124,378			1,173,728
Contract owners’ equity end of period	$	1,559,084			1,428,081			139,024			8,917			127,321			145,161			1,117,231			1,124,378
CHANGES IN UNITS:
Beginning units		51,914			58,822			860			-			9,131			9,042			63,907			68,829
Units purchased		3,246			3,086			10,890			873			352			418			4,974			6,581
Units redeemed		(7,529	)		(9,994	)		(192	)		(13	)		(2,307	)		(329	)		(7,574	)		(11,503	)
Ending units		47,631			51,914			11,558			860			7,176			9,131			61,307			63,907

	FEIP						FHIP						FRESS					FAMP
	2017			2016			2017			2016			2017			2016		2017			2016
Investment activity:
Net investment income (loss)	$	447,134			646,700			401,172			424,420			147			-		137,882			91,034
Realized gain (loss) on investments		(701,866	)		(1,056,591	)		(84,968	)		(138,727	)		2			-		431			(70,457	)
Change in unrealized gain (loss) on investments		3,993,560			3,998,665			234,676			868,142			64			-		27,283			(245,909	)
Reinvested capital gains		812,500			2,389,164			-			-			-			-		1,183,117			471,667
Net increase (decrease) in contract owners’ equity resulting from operations		4,551,328			5,977,938			550,880			1,153,835			213			-		1,348,713			246,335
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		1,342,914			1,344,085			373,121			386,577			-			-		360,159			406,867
Transfers between funds		(191,027	)		(235,417	)		(105,522	)		55,714			12,549			-		(58,927	)		(148,074	)
Surrenders (note 6)		(3,195,245	)		(2,116,172	)		(818,116	)		(715,492	)		-			-		(446,405	)		(795,678	)
Death Benefits (note 4)		(807,832	)		(652,600	)		(706,280	)		(225,960	)		-			-		(142,607	)		(605,577	)
Net policy repayments (loans) (note 5)		872,871			239,362			512,161			316,565			-			-		113,609			459,651
Deductions for surrender charges (note 2)		(260	)		(254	)		(31	)		(247	)		-			-		(54	)		(97	)
Redemptions to pay cost of insurance charges and administration charges (note 2)		(1,981,803	)		(2,122,536	)		(503,271	)		(558,445	)		(203	)		-		(545,214	)		(599,810	)
Asset charges (note 3):
MSP contracts		(17,322	)		(16,667	)		(5,552	)		(5,811	)		-			-		(3,342	)		(3,445	)
SL contracts or LSFP contracts		(4,467	)		(4,741	)		(1,220	)		(1,556	)		-			-		(2,215	)		(2,017	)
Adjustments to maintain reserves		(8,402	)		5,178			(12,027	)		847			4			-		689			308
Net equity transactions		(3,990,573	)		(3,559,762	)		(1,266,737	)		(747,808	)		12,350			-		(724,307	)		(1,287,872	)
Net change in contract owners’ equity		560,755			2,418,176			(715,857	)		406,027			12,563			-		624,406			(1,041,537	)
Contract owners’ equity beginning of period		39,326,384			36,908,208			9,126,380			8,720,353			-			-		10,302,811			11,344,348
Contract owners’ equity end of period	$	39,887,139			39,326,384			8,410,523			9,126,380			12,563			-		10,927,217			10,302,811
CHANGES IN UNITS:
Beginning units		539,019			595,714			224,220			235,350			-			-		267,459			303,941
Units purchased		25,846			27,175			15,897			30,053			1,244			-		14,016			16,465
Units redeemed		(98,385	)		(83,870	)		(55,051	)		(41,183	)		(20	)		-		(31,049	)		(52,947	)
Ending units		466,480			539,019			185,066			224,220			1,224			-		250,426			267,459

	FCP					FNRS2						FF10S						FF20S
	2017			2016		2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	-			-		12,230			(466	)		3,831			3,512			12,841			13,026
Realized gain (loss) on investments		-			-		(112,715	)		(170,914	)		6,718			5,817			43,132			12,746
Change in unrealized gain (loss) on investments		-			-		22,850			597,170			29,557			(115	)		117,481			5,039
Reinvested capital gains		-			-		720			-			8,448			8,966			39,942			37,699
Net increase (decrease) in contract owners’ equity resulting from operations		-			-		(76,915	)		425,790			48,554			18,180			213,396			68,510
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		(78	)		-		115,421			113,230			9,998			9,918			42,853			42,299
Transfers between funds		78			-		(216,685	)		(208,502	)		2,061			26,663			(5,136	)		136,712
Surrenders (note 6)		56			-		(91,992	)		(131,411	)		(12,779	)		(14,825	)		(93,947	)		(37,604	)
Death Benefits (note 4)		-			-		(4,538	)		(3,946	)		-			(11,683	)		-			(36,854	)
Net policy repayments (loans) (note 5)		-			-		24,205			25,966			19			5			8,757			58,567
Deductions for surrender charges (note 2)		(56	)		-		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		-			-		(102,201	)		(115,650	)		(17,442	)		(16,658	)		(59,718	)		(54,406	)
Asset charges (note 3):
MSP contracts		-			-		(326	)		(413	)		-			(17	)		(496	)		(516	)
SL contracts or LSFP contracts		-			-		(315	)		(237	)		-			-			-			-
Adjustments to maintain reserves		-			-		24			2			(5	)		24			(5	)		45
Net equity transactions		-			-		(276,407	)		(320,961	)		(18,148	)		(6,573	)		(107,692	)		108,243
Net change in contract owners’ equity		-			-		(353,322	)		104,829			30,406			11,607			105,704			176,753
Contract owners’ equity beginning of period		-			-		1,756,109			1,651,280			397,112			385,505			1,377,594			1,200,841
Contract owners’ equity end of period	$	-			-		1,402,787			1,756,109			427,518			397,112			1,483,298			1,377,594
CHANGES IN UNITS:
Beginning units		-			-		89,056			111,198			22,599			22,917			75,093			69,003
Units purchased		2			-		7,463			9,747			997			2,241			4,731			11,747
Units redeemed		(2	)		-		(23,029	)		(31,889	)		(1,985	)		(2,559	)		(10,143	)		(5,657	)
Ending units		-			-		73,490			89,056			21,611			22,599			69,681			75,093

	FF30S						FGP						FIGBS						FMCS
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	10,091			9,144			(212,346	)		(289,235	)		40,170			39,855			7,952			(5,122	)
Realized gain (loss) on investments		56,860			25,485			2,400,071			1,839,995			(6,543	)		(6,431	)		192,728			159,366
Change in unrealized gain (loss) on investments		123,685			(12,278	)		11,672,708			(7,089,419	)		32,468			49,125			755,978			130,290
Reinvested capital gains		45,507			43,426			4,526,557			5,515,731			9,590			1,010			313,570			413,066
Net increase (decrease) in contract owners’ equity resulting from operations		236,143			65,777			18,386,990			(22,928	)		75,685			83,559			1,270,228			697,600
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		45,367			48,110			2,122,543			2,139,029			59,973			63,928			226,127			188,543
Transfers between funds		106,025			11,728			30,466			(1,715,298	)		132,313			256,388			(146,121	)		(192,162	)
Surrenders (note 6)		(113,073	)		(40,583	)		(3,989,883	)		(2,750,774	)		(113,001	)		(182,121	)		(499,668	)		(564,295	)
Death Benefits (note 4)		-			-			(454,563	)		(649,669	)		(35,574	)		(115,556	)		(57,298	)		(22,128	)
Net policy repayments (loans) (note 5)		12,746			15,766			443,950			655,877			(827	)		46,700			611			(25,477	)
Deductions for surrender charges (note 2)		-			-			(486	)		(161	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(71,254	)		(66,936	)		(2,995,920	)		(3,079,115	)		(105,702	)		(110,091	)		(314,373	)		(316,381	)
Asset charges (note 3):
MSP contracts		(511	)		(71	)		(18,485	)		(16,075	)		(1,844	)		(1,839	)		(1,091	)		(1,162	)
SL contracts or LSFP contracts		-			-			(10,581	)		(10,252	)		(502	)		(443	)		(924	)		(834	)
Adjustments to maintain reserves		12			14			7,407			988			13			8			11			105
Net equity transactions		(20,688	)		(31,972	)		(4,865,552	)		(5,425,450	)		(65,151	)		(43,026	)		(792,726	)		(933,791	)
Net change in contract owners’ equity		215,455			33,805			13,521,438			(5,448,378	)		10,534			40,533			477,502			(236,191	)
Contract owners’ equity beginning of period		1,148,392			1,114,587			55,021,457			60,469,835			2,108,236			2,067,703			6,647,729			6,883,920
Contract owners’ equity end of period	$	1,363,847			1,148,392			68,542,895			55,021,457			2,118,770			2,108,236			7,125,231			6,647,729
CHANGES IN UNITS:
Beginning units		59,883			61,621			811,760			913,368			128,902			131,784			147,825			170,775
Units purchased		8,382			5,056			47,460			37,572			12,831			21,195			5,654			6,864
Units redeemed		(9,187	)		(6,794	)		(103,522	)		(139,180	)		(16,986	)		(24,077	)		(21,614	)		(29,814	)
Ending units		59,078			59,883			755,698			811,760			124,747			128,902			131,865			147,825

	FOP						FOS						FVSS						FTVIS2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	44,684			41,687			30,236			27,679			7,747			4,259			50,765			70,302
Realized gain (loss) on investments		(99,589	)		(149,218	)		6,940			(86,373	)		1,500			54,072			2,612			(19,945	)
Change in unrealized gain (loss) on investments		1,310,143			(189,916	)		918,004			(168,309	)		(72,016	)		14,910			70,319			150,509
Reinvested capital gains		4,536			7,794			3,565			5,897			206,708			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,259,774			(289,653	)		958,745			(221,106	)		143,939			73,241			123,696			200,866
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		18,346			13,782			265,143			305,367			25,918			23,454			57,327			60,415
Transfers between funds		(42,941	)		(173,705	)		(19,914	)		(254,158	)		34,562			(106,476	)		71,069			(64,113	)
Surrenders (note 6)		(208,873	)		(150,433	)		(246,065	)		(326,775	)		(52,366	)		(16,586	)		(34,628	)		(271,188	)
Death Benefits (note 4)		(264,163	)		(144,321	)		(16,200	)		(24,653	)		-			-			(1,802	)		(15,184	)
Net policy repayments (loans) (note 5)		242,750			89,928			158,761			199,420			(36,860	)		94,178			(31,181	)		(42,002	)
Deductions for surrender charges (note 2)		-			(5	)		-			(110	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(158,485	)		(169,013	)		(247,023	)		(253,802	)		(42,445	)		(47,154	)		(78,005	)		(91,340	)
Asset charges (note 3):
MSP contracts		(1,826	)		(1,700	)		(540	)		(542	)		(1,330	)		(1,143	)		(1,791	)		(1,625	)
SL contracts or LSFP contracts		(2,717	)		(2,275	)		-			-			(79	)		(162	)		-			-
Adjustments to maintain reserves		(11,439	)		(92	)		45			56			23			(13	)		11			33
Net equity transactions		(429,348	)		(537,834	)		(105,793	)		(355,197	)		(72,577	)		(53,902	)		(19,000	)		(425,004	)
Net change in contract owners’ equity		830,426			(827,487	)		852,952			(576,303	)		71,362			19,339			104,696			(224,138	)
Contract owners’ equity beginning of period		4,407,674			5,235,161			3,318,292			3,894,595			818,990			799,651			1,426,153			1,650,291
Contract owners’ equity end of period	$	5,238,100			4,407,674			4,171,244			3,318,292			890,352			818,990			1,530,849			1,426,153
CHANGES IN UNITS:
Beginning units		160,556			178,655			373,222			413,370			31,103			33,099			82,298			108,195
Units purchased		4,705			3,642			48,073			61,619			2,895			5,580			13,152			7,762
Units redeemed		(16,866	)		(21,741	)		(58,774	)		(101,767	)		(5,478	)		(7,576	)		(14,524	)		(33,659	)
Ending units		148,395			160,556			362,521			373,222			28,520			31,103			80,926			82,298

	FTVRDI						FTVSVI						FTVDM2						TIF
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	53,300			39,460			6,406			13,611			4,200			2,474			1,671			1,202
Realized gain (loss) on investments		50,357			280,808			89,832			71,536			(10,140	)		(85,353	)		7,079			(4,056	)
Change in unrealized gain (loss) on investments		522,817			(160,366	)		(12,774	)		204,530			287,538			192,450			1,964			4,796
Reinvested capital gains		151,839			424,503			183,386			350,928			-			-			-			1,199
Net increase (decrease) in contract owners’ equity resulting from operations		778,313			584,405			266,850			640,605			281,598			109,571			10,714			3,141
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		119,685			109,218			74,422			52,480			32,443			34,128			-			-
Transfers between funds		(199,696	)		304,397			(39,376	)		62,787			153,991			(41,145	)		-			(26,341	)
Surrenders (note 6)		(239,518	)		(753,803	)		(105,718	)		(157,457	)		(35,748	)		(64,390	)		(4,105	)		(5,013	)
Death Benefits (note 4)		(2,061	)		(59,261	)		(6,929	)		(12,444	)		-			(3,158	)		-			-
Net policy repayments (loans) (note 5)		27,417			(187,638	)		(46,250	)		(15,628	)		5,355			(60	)		(9,620	)		(2,084	)
Deductions for surrender charges (note 2)		(38	)		-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(146,602	)		(146,374	)		(91,138	)		(88,866	)		(45,777	)		(39,241	)		(2,143	)		(2,261	)
Asset charges (note 3):
MSP contracts		(869	)		(663	)		(816	)		(841	)		(224	)		(169	)		(39	)		(34	)
SL contracts or LSFP contracts		(937	)		(923	)		(253	)		(254	)		(117	)		(114	)		-			-
Adjustments to maintain reserves		43			63			9			55			19			5			(5	)		(23	)
Net equity transactions		(442,576	)		(734,984	)		(216,049	)		(160,168	)		109,942			(114,144	)		(15,912	)		(35,756	)
Net change in contract owners’ equity		335,737			(150,579	)		50,801			480,437			391,540			(4,573	)		(5,198	)		(32,615	)
Contract owners’ equity beginning of period		4,106,225			4,256,804			2,756,142			2,275,705			700,074			704,647			68,905			101,520
Contract owners’ equity end of period	$	4,441,962			4,106,225			2,806,943			2,756,142			1,091,614			700,074			63,707			68,905
CHANGES IN UNITS:
Beginning units		136,583			163,813			66,556			71,379			79,668			93,715			2,858			4,512
Units purchased		6,243			15,466			4,027			3,509			17,588			4,982			-			-
Units redeemed		(20,136	)		(42,696	)		(9,176	)		(8,332	)		(8,345	)		(19,029	)		(591	)		(1,654	)
Ending units		122,690			136,583			61,407			66,556			88,911			79,668			2,267			2,858

	TIF2						FTVGI2						FTVFA2						ACEG
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	23,244			14,983			(10,020	)		(9,453	)		6,482			8,591			(228	)		(135	)
Realized gain (loss) on investments		(67,365	)		(102,293	)		(49,337	)		(40,303	)		(1,247	)		(2,520	)		12,335			573
Change in unrealized gain (loss) on investments		203,166			130,470			83,963			94,938			14,581			16,660			(3,923	)		(4,892	)
Reinvested capital gains		-			17,489			6,871			1,730			12,153			8,296			16,166			7,205
Net increase (decrease) in contract owners’ equity resulting from operations		159,045			60,649			31,477			46,912			31,969			31,027			24,350			2,751
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		28,221			31,515			138,724			95,433			12,557			12,115			25,940			1,299
Transfers between funds		61,253			31,870			(18,216	)		1,602			-			12,622			10,780			17,139
Surrenders (note 6)		(115,716	)		(76,948	)		(31,505	)		(49,104	)		(1,949	)		-			(31,309	)		(1,614	)
Death Benefits (note 4)		(278	)		(315	)		(4,068	)		(47,084	)		-			-			-			-
Net policy repayments (loans) (note 5)		13,811			(52,271	)		(1,018	)		13,605			524			510			(176	)		(75	)
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(29,783	)		(31,718	)		(85,204	)		(102,943	)		(20,465	)		(19,243	)		(7,242	)		(4,488	)
Asset charges (note 3):
MSP contracts		(185	)		(177	)		(873	)		(916	)		(254	)		(223	)		(67	)		(114	)
SL contracts or LSFP contracts		(208	)		(197	)		(313	)		(300	)		-			-			(143	)		(127	)
Adjustments to maintain reserves		16			14			(12	)		30			3			8			(11	)		24
Net equity transactions		(42,869	)		(98,227	)		(2,485	)		(89,677	)		(9,584	)		5,789			(2,228	)		12,044
Net change in contract owners’ equity		116,176			(37,578	)		28,992			(42,765	)		22,385			36,816			22,122			14,795
Contract owners’ equity beginning of period		979,882			1,017,460			2,052,183			2,094,948			286,346			249,530			81,470			66,675
Contract owners’ equity end of period	$	1,096,058			979,882			2,081,175			2,052,183			308,731			286,346			103,592			81,470
CHANGES IN UNITS:
Beginning units		113,377			125,579			209,199			218,739			20,348			19,969			5,163			4,318
Units purchased		12,612			7,814			16,632			14,407			896			2,123			2,110			1,343
Units redeemed		(16,805	)		(20,016	)		(16,810	)		(23,947	)		(1,559	)		(1,744	)		(2,095	)		(498	)
Ending units		109,184			113,377			209,021			209,199			19,685			20,348			5,178			5,163

	AVBVI						AVMCCI						IVKMG1						IVBRA1
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	15			15			65			(3	)		(1,292	)		(1,188	)		4,576			(167	)
Realized gain (loss) on investments		44			72			(7	)		(10	)		20,961			20,607			(3,390	)		(4,398	)
Change in unrealized gain (loss) on investments		559			(533	)		1,200			61			10,500			(43,795	)		4,773			17,011
Reinvested capital gains		-			1,133			585			56			18,753			23,455			7,337			-
Net increase (decrease) in contract owners’ equity resulting from operations		618			687			1,843			104			48,922			(921	)		13,296			12,446
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		-			-			45			45			10,990			11,629			25,332			11,187
Transfers between funds		(216	)		141			27,547			3			33,491			(38,843	)		(17,917	)		54,151
Surrenders (note 6)		(374	)		-			-			-			(1,495	)		(33,220	)		(9,600	)		(16,201	)
Death Benefits (note 4)		-			-			-			-			(17,622	)		(205	)		-			-
Net policy repayments (loans) (note 5)		-			-			-			-			2,628			2,186			(18	)		(1,175	)
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(455	)		(672	)		(471	)		(106	)		(14,712	)		(16,054	)		(25,242	)		(16,778	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			(8	)		-			-
SL contracts or LSFP contracts		(19	)		(20	)		-			-			(144	)		(128	)		-			-
Adjustments to maintain reserves		(12	)		11			20			(10	)		(19	)		10			4			1
Net equity transactions		(1,076	)		(540	)		27,141			(68	)		13,117			(74,633	)		(27,441	)		31,185
Net change in contract owners’ equity		(458	)		147			28,984			36			62,039			(75,554	)		(14,145	)		43,631
Contract owners’ equity beginning of period		4,129			3,982			878			842			210,577			286,131			158,770			115,139
Contract owners’ equity end of period	$	3,671			4,129			29,862			878			272,616			210,577			144,625			158,770
CHANGES IN UNITS:
Beginning units		177			202			61			66			14,520			19,785			14,594			11,752
Units purchased		-			9			1,786			3			3,459			1,162			3,381			6,137
Units redeemed		(43	)		(34	)		(32	)		(8	)		(2,562	)		(6,427	)		(5,852	)		(3,295	)
Ending units		134			177			1,815			61			15,417			14,520			12,123			14,594

	JABS						JAEI					JACAS						JAGTS
	2017			2016			2017			2016		2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	13,309			18,111			(168	)		-		(20,428	)		14,567			(642	)		(6,175	)
Realized gain (loss) on investments		21,411			61,833			42			-		(91,843	)		(431,134	)		293,785			(95,576	)
Change in unrealized gain (loss) on investments		199,069			(33,842	)		10,651			-		945,540			(83,874	)		613,149			225,346
Reinvested capital gains		2,672			17,160			919			-		235,838			524,280			182,300			61,176
Net increase (decrease) in contract owners’ equity resulting from operations		236,461			63,262			11,444			-		1,069,107			23,839			1,088,592			184,771
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		26,158			34,824			1,958			-		155,957			96,184			193,451			33,627
Transfers between funds		140,097			149,837			314,952			-		(248,433	)		(268,136	)		262,090			(28,498	)
Surrenders (note 6)		(52,747	)		(204,358	)		-			-		(222,469	)		(395,326	)		(59,006	)		(100,818	)
Death Benefits (note 4)		-			-			-			-		(166,138	)		(34,085	)		-			-
Net policy repayments (loans) (note 5)		(10,836	)		3,440			25			-		121,667			22,366			(19,342	)		10,169
Deductions for surrender charges (note 2)		-			-			-			-		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(67,950	)		(66,965	)		(857	)		-		(173,480	)		(189,870	)		(115,755	)		(67,649	)
Asset charges (note 3):
MSP contracts		(1,139	)		(1,022	)		-			-		(2,865	)		(2,491	)		(390	)		(317	)
SL contracts or LSFP contracts		(315	)		(164	)		-			-		(1,454	)		(1,366	)		(1,898	)		(1,414	)
Adjustments to maintain reserves		4			22			(7	)		-		58			67			56			24
Net equity transactions		33,272			(84,386	)		316,071			-		(537,157	)		(772,657	)		259,206			(154,876	)
Net change in contract owners’ equity		269,733			(21,124	)		327,515			-		531,950			(748,818	)		1,347,798			29,895
Contract owners’ equity beginning of period		1,331,153			1,352,277			-			-		3,870,367			4,619,185			2,195,276			2,165,381
Contract owners’ equity end of period	$	1,600,886			1,331,153			327,515			-		4,402,317			3,870,367			3,543,074			2,195,276
CHANGES IN UNITS:
Beginning units		50,939			53,702			-			-		208,603			253,113			207,330			232,405
Units purchased		7,001			3,318			28,384			-		10,590			11,006			42,114			22,440
Units redeemed		(6,073	)		(6,081	)		(108	)		-		(36,326	)		(55,516	)		(16,447	)		(47,515	)
Ending units		51,867			50,939			28,276			-		182,867			208,603			232,997			207,330

	JAIGS						LOVTRC						MV2IGI						MNDIC
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	31,423			103,255			23,183			26,653			198			75			(647	)		(636	)
Realized gain (loss) on investments		(157,555	)		(288,065	)		(361	)		50			(2,103	)		(3,795	)		(4,880	)		(15,966	)
Change in unrealized gain (loss) on investments		903,824			(82,350	)		14,889			(43,060	)		43,341			(6,610	)		29,274			19,016
Reinvested capital gains		-			65,099			-			4,310			10,596			20,566			2,199			4,751
Net increase (decrease) in contract owners’ equity resulting from operations		777,692			(202,061	)		37,711			(12,047	)		52,032			10,236			25,946			7,165
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		112,550			117,052			2,236			6,607			11,461			10,995			14,430			6,291
Transfers between funds		511,539			(50,437	)		76,206			1,146,673			(575	)		3,402			(589	)		(21,574	)
Surrenders (note 6)		(89,597	)		(204,549	)		-			-			(8,360	)		(33,538	)		(17,210	)		(6,745	)
Death Benefits (note 4)		(44,400	)		(55,960	)		-			-			(9,258	)		(732	)		-			-
Net policy repayments (loans) (note 5)		(217	)		75,978			(119	)		-			(1,521	)		977			4,545			634
Deductions for surrender charges (note 2)		(39	)		-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(137,720	)		(145,321	)		(20,728	)		(10,659	)		(12,518	)		(16,134	)		(10,619	)		(13,301	)
Asset charges (note 3):
MSP contracts		(467	)		(485	)		-			-			-			-			-			-
SL contracts or LSFP contracts		(762	)		(742	)		-			-			(13	)		(12	)		-			-
Adjustments to maintain reserves		61			17			2			12			12			(5	)		(3	)		9
Net equity transactions		350,948			(264,447	)		57,597			1,142,633			(20,772	)		(35,047	)		(9,446	)		(34,686	)
Net change in contract owners’ equity		1,128,640			(466,508	)		95,308			1,130,586			31,260			(24,811	)		16,500			(27,521	)
Contract owners’ equity beginning of period		2,256,295			2,722,803			1,130,586			-			177,849			202,660			105,666			133,187
Contract owners’ equity end of period	$	3,384,935			2,256,295			1,225,894			1,130,586			209,109			177,849			122,166			105,666
CHANGES IN UNITS:
Beginning units		195,510			218,855			112,746			-			17,163			20,636			7,478			10,222
Units purchased		64,572			18,625			7,578			113,793			1,425			1,519			1,409			581
Units redeemed		(35,027	)		(41,970	)		(2,032	)		(1,047	)		(2,797	)		(4,992	)		(2,019	)		(3,325	)
Ending units		225,055			195,510			118,292			112,746			15,791			17,163			6,868			7,478

	MVFIC						MSVFI						MSEM						MSVRE
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	49,707			50,601			8,481			4,632			38,235			38,440			11,918			8,365
Realized gain (loss) on investments		34,322			258,679			1,590			279			(21,773	)		(58,939	)		119,572			51,769
Change in unrealized gain (loss) on investments		319,776			(201,317	)		7,448			10,500			54,488			97,023			(113,035	)		13,629
Reinvested capital gains		134,110			246,524			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		537,915			354,487			17,519			15,411			70,950			76,524			18,455			73,763
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		75,587			889,516			4,587			8,701			27,240			24,691			20,214			16,167
Transfers between funds		132,019			342,649			13,053			42,356			10,754			59,704			3,396			30,164
Surrenders (note 6)		(24,585	)		(780,890	)		(11,873	)		-			(85,280	)		(114,893	)		(398,074	)		(20,315	)
Death Benefits (note 4)		(20,952	)		(59,988	)		(658	)		(1,681	)		(100,379	)		-			(78,966	)		(22,042	)
Net policy repayments (loans) (note 5)		(21,250	)		(149,153	)		166			25			59,127			6,653			87,186			(3,341	)
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(106,903	)		(110,827	)		(10,076	)		(10,965	)		(38,283	)		(42,003	)		(29,309	)		(31,729	)
Asset charges (note 3):
MSP contracts		(787	)		(814	)		(198	)		(152	)		(399	)		(461	)		-			-
SL contracts or LSFP contracts		(861	)		(535	)		(116	)		(88	)		(178	)		(201	)		(1,644	)		(1,717	)
Adjustments to maintain reserves		(1	)		49			(20	)		(4	)		(57	)		3			120			57
Net equity transactions		32,267			130,007			(5,135	)		38,192			(127,455	)		(66,507	)		(397,077	)		(32,756	)
Net change in contract owners’ equity		570,182			484,494			12,384			53,603			(56,505	)		10,017			(378,622	)		41,007
Contract owners’ equity beginning of period		3,099,974			2,615,480			310,364			256,761			807,405			797,388			1,306,761			1,265,754
Contract owners’ equity end of period	$	3,670,156			3,099,974			322,748			310,364			750,900			807,405			928,139			1,306,761
CHANGES IN UNITS:
Beginning units		91,711			87,843			19,559			17,230			24,876			26,929			24,409			24,812
Units purchased		6,349			16,434			1,444			3,197			2,814			2,617			413			1,067
Units redeemed		(5,397	)		(12,566	)		(1,777	)		(868	)		(6,602	)		(4,670	)		(9,491	)		(1,470	)
Ending units		92,663			91,711			19,226			19,559			21,088			24,876			15,331			24,409

	NVBX						NVIX						NVAMV1						GVAAA2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	5,937			5,373			3,695			2,087			81,885			127,719			18,753			36,152
Realized gain (loss) on investments		124			1,416			3,645			(2,743	)		182,723			105,322			32,627			157,124
Change in unrealized gain (loss) on investments		1,851			(10,229	)		24,533			687			32,946			350,083			305,695			(133,508	)
Reinvested capital gains		513			602			-			-			256,004			676,631			68,405			156,918
Net increase (decrease) in contract owners’ equity resulting from operations		8,425			(2,838	)		31,873			31			553,558			1,259,755			425,480			216,686
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		8,922			13,686			1,882			1,318			170,007			203,856			73,244			78,027
Transfers between funds		103,338			195,330			78,354			2,815			(214,512	)		(126,933	)		294,958			78,989
Surrenders (note 6)		(48,808	)		-			(26,995	)		-			(519,721	)		(275,356	)		(48,982	)		(373,075	)
Death Benefits (note 4)		-			-			-			-			(83,910	)		(1,175	)		-			(20,911	)
Net policy repayments (loans) (note 5)		-			(1,592	)		(734	)		-			131,525			(77,883	)		688			(113,101	)
Deductions for surrender charges (note 2)		-			-			-			-			(59	)		-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(8,418	)		(6,508	)		(4,964	)		(2,718	)		(321,279	)		(328,786	)		(96,942	)		(100,332	)
Asset charges (note 3):
MSP contracts		-			-			-			-			(3,257	)		(3,250	)		(1,994	)		(1,690	)
SL contracts or LSFP contracts		-			-			-			-			(1,930	)		(1,972	)		-			-
Adjustments to maintain reserves		(11	)		12			12			(3	)		26			105			-			42
Net equity transactions		55,023			200,928			47,555			1,412			(843,110	)		(611,394	)		220,972			(452,051	)
Net change in contract owners’ equity		63,448			198,090			79,428			1,443			(289,552	)		648,361			646,452			(235,365	)
Contract owners’ equity beginning of period		277,923			79,833			90,618			89,175			7,423,230			6,774,869			2,667,662			2,903,027
Contract owners’ equity end of period	$	341,371			277,923			170,046			90,618			7,133,678			7,423,230			3,314,114			2,667,662
CHANGES IN UNITS:
Beginning units		26,760			7,825			9,992			9,872			272,934			298,423			155,432			183,408
Units purchased		10,749			20,562			8,168			428			10,294			12,291			22,056			9,886
Units redeemed		(5,471	)		(1,627	)		(3,073	)		(308	)		(40,885	)		(37,780	)		(9,975	)		(37,862	)
Ending units		32,038			26,760			15,087			9,992			242,343			272,934			167,513			155,432

	GVABD2						GVAGG2						GVAGR2						GVAGI2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	3,331			10,174			4,516			15,141			(3,919	)		(4,773	)		6,601			3,936
Realized gain (loss) on investments		1,368			24,472			14,882			56,785			74,138			50,018			(1,680	)		56,765
Change in unrealized gain (loss) on investments		5,914			(21,996	)		291,888			(224,735	)		283,518			(276,185	)		60,565			(82,035	)
Reinvested capital gains		1,295			1,800			149,211			145,233			172,968			376,341			72,328			87,803
Net increase (decrease) in contract owners’ equity resulting from operations		11,908			14,450			460,497			(7,576	)		526,705			145,401			137,814			66,469
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		14,173			14,276			34,249			43,139			49,405			48,224			17,767			19,255
Transfers between funds		28,518			(65,722	)		127,954			139,180			49,257			25,858			43,156			(41,068	)
Surrenders (note 6)		-			(182,110	)		(114,925	)		(189,282	)		(70,222	)		(59,019	)		(4,315	)		(187,784	)
Death Benefits (note 4)		(4	)		(10,455	)		(4,802	)		(13,666	)		-			(13,445	)		-			(2,414	)
Net policy repayments (loans) (note 5)		(8	)		9,540			(20,675	)		(30,444	)		20,685			45,614			(3,938	)		(30,214	)
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(17,191	)		(20,757	)		(60,871	)		(61,149	)		(65,528	)		(67,405	)		(23,793	)		(27,270	)
Asset charges (note 3):
MSP contracts		(45	)		(46	)		(1,139	)		(921	)		(1,427	)		(1,166	)		(279	)		(237	)
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(13	)		17			10			28			-			50			2			23
Net equity transactions		25,430			(255,257	)		(40,199	)		(113,115	)		(17,830	)		(21,289	)		28,600			(269,709	)
Net change in contract owners’ equity		37,338			(240,807	)		420,298			(120,691	)		508,875			124,112			166,414			(203,240	)
Contract owners’ equity beginning of period		437,719			678,526			1,506,034			1,626,725			1,944,191			1,820,079			626,938			830,178
Contract owners’ equity end of period	$	475,057			437,719			1,926,332			1,506,034			2,453,066			1,944,191			793,352			626,938
CHANGES IN UNITS:
Beginning units		34,254			54,192			85,535			92,179			106,152			107,876			39,316			57,553
Units purchased		3,566			1,428			9,784			11,845			7,151			6,564			3,830			2,629
Units redeemed		(1,616	)		(21,366	)		(11,386	)		(18,489	)		(8,004	)		(8,288	)		(2,117	)		(20,866	)
Ending units		36,204			34,254			83,933			85,535			105,299			106,152			41,029			39,316

	HIBF						GEM						GIG						NVNMO1
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	53,321			52,165			15,971			5,336			46,279			57,116			1,806			35,973
Realized gain (loss) on investments		(1,656	)		(10,038	)		55,282			(92,053	)		2,776			(101,575	)		620,665			236,776
Change in unrealized gain (loss) on investments		13,235			88,637			617,524			225,460			828,319			46,555			2,120,583			674,201
Reinvested capital gains		-			-			-			-			-			-			283,914			628,061
Net increase (decrease) in contract owners’ equity resulting from operations		64,900			130,764			688,777			138,743			877,374			2,096			3,026,968			1,575,011
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		43,560			51,401			102,405			74,277			113,417			128,614			392,071			395,840
Transfers between funds		19,275			(17,405	)		288,879			(128,555	)		113,351			(32,076	)		26,177			(414,877	)
Surrenders (note 6)		(43,862	)		(64,072	)		(643,145	)		(131,891	)		(312,099	)		(291,314	)		(690,319	)		(709,214	)
Death Benefits (note 4)		(14,344	)		(11,266	)		(284,815	)		(61,151	)		(4,060	)		(15,671	)		(1,092,818	)		(98,787	)
Net policy repayments (loans) (note 5)		3,114			3,561			93,911			11,281			116,162			11,198			153,248			164,460
Deductions for surrender charges (note 2)		-			-			-			-			(44	)		-			(13	)		(6	)
Redemptions to pay cost of insurance charges and administration charges (note 2)		(37,853	)		(40,383	)		(104,361	)		(116,978	)		(155,136	)		(161,786	)		(603,128	)		(618,531	)
Asset charges (note 3):
MSP contracts		(1,119	)		(1,141	)		(374	)		(261	)		(2,138	)		(2,040	)		(8,392	)		(7,343	)
SL contracts or LSFP contracts		(429	)		(384	)		(581	)		(561	)		(535	)		(458	)		(29	)		(8	)
Adjustments to maintain reserves		-			(4	)		22			47			43			36			149			233
Net equity transactions		(31,658	)		(79,693	)		(548,059	)		(353,792	)		(131,039	)		(363,497	)		(1,823,054	)		(1,288,233	)
Net change in contract owners’ equity		33,242			51,071			140,718			(215,049	)		746,335			(361,401	)		1,203,914			286,778
Contract owners’ equity beginning of period		1,022,587			971,516			1,932,364			2,147,413			3,355,953			3,717,354			13,476,214			13,189,436
Contract owners’ equity end of period	$	1,055,829			1,022,587			2,073,082			1,932,364			4,102,288			3,355,953			14,680,128			13,476,214
CHANGES IN UNITS:
Beginning units		43,780			47,324			91,423			108,444			224,251			249,338			863,456			955,017
Units purchased		3,506			3,318			16,769			7,161			20,378			14,354			50,114			47,790
Units redeemed		(4,795	)		(6,862	)		(39,350	)		(24,182	)		(28,766	)		(39,441	)		(156,921	)		(139,351	)
Ending units		42,491			43,780			68,842			91,423			215,863			224,251			756,649			863,456

	NVNSR1						NVCRA1						NVCRB1						NVCCA1
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	153			275			2,113			4,596			4,903			8,278			7,301			13,777
Realized gain (loss) on investments		(311	)		(655	)		648			(3,776	)		600			(18,026	)		(11,223	)		1,704
Change in unrealized gain (loss) on investments		9,380			(301	)		27,552			(7,808	)		20,260			23,614			52,713			(21,298	)
Reinvested capital gains		10,333			10,609			18,750			20,362			19,536			18,715			40,658			47,106
Net increase (decrease) in contract owners’ equity resulting from operations		19,555			9,928			49,063			13,374			45,299			32,581			89,449			41,289
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		2,611			2,935			13,987			13,164			6,409			7,071			35,701			25,216
Transfers between funds		2,150			(8,450	)		(33	)		(47,238	)		(2,017	)		(360,151	)		-			(41,118	)
Surrenders (note 6)		(2,831	)		(1,860	)		(14,694	)		(17,194	)		(8,434	)		(7,096	)		-			(13,129	)
Death Benefits (note 4)		-			-			-			-			-			-			(56,432	)		-
Net policy repayments (loans) (note 5)		2,299			(1,016	)		(2,512	)		6,333			662			163			(13,710	)		8,338
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(2,667	)		(3,133	)		(15,984	)		(15,152	)		(9,762	)		(11,019	)		(34,723	)		(37,371	)
Asset charges (note 3):
MSP contracts		-			-			-			-			(54	)		(50	)		(63	)		(56	)
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(9	)		13			7			6			(5	)		7			-			8
Net equity transactions		1,553			(11,511	)		(19,229	)		(60,081	)		(13,201	)		(371,075	)		(69,227	)		(58,112	)
Net change in contract owners’ equity		21,108			(1,583	)		29,834			(46,707	)		32,098			(338,494	)		20,222			(16,823	)
Contract owners’ equity beginning of period		109,301			110,884			259,413			306,120			402,841			741,335			622,243			639,066
Contract owners’ equity end of period	$	130,409			109,301			289,247			259,413			434,939			402,841			642,465			622,243
CHANGES IN UNITS:
Beginning units		6,268			6,966			18,151			23,044			28,761			55,893			43,344			47,510
Units purchased		854			225			1,439			1,601			2,136			570			4,598			2,263
Units redeemed		(795	)		(923	)		(2,628	)		(6,494	)		(3,074	)		(27,702	)		(9,183	)		(6,429	)
Ending units		6,327			6,268			16,962			18,151			27,823			28,761			38,759			43,344

	NVCCN1						NVCMD1						NVCMA1						NVCMC1
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	725			1,313			14,548			22,883			7,378			15,474			2,338			3,138
Realized gain (loss) on investments		(1,465	)		(1,668	)		15,396			43,499			10,848			(1,471	)		(250	)		(1,157	)
Change in unrealized gain (loss) on investments		3,025			1,163			40,781			(75,066	)		49,952			(24,587	)		5,171			172
Reinvested capital gains		963			1,742			64,242			67,871			56,490			59,747			5,822			5,432
Net increase (decrease) in contract owners’ equity resulting from operations		3,248			2,550			134,967			59,187			124,668			49,163			13,081			7,585
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		5,331			3,854			28,372			53,089			27,538			26,186			8,960			8,775
Transfers between funds		-			18,643			(5,263	)		(8,010	)		1,494			-			(2,728	)		197
Surrenders (note 6)		(19,281	)		-			(25,966	)		(343,196	)		(68,525	)		(3,300	)		-			-
Death Benefits (note 4)		-			-			-			-			-			(5,126	)		-			(40,358	)
Net policy repayments (loans) (note 5)		1,862			(2,204	)		5,051			102,099			533			513			5,162			1,742
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(6,224	)		(5,809	)		(68,012	)		(68,081	)		(47,851	)		(43,671	)		(16,373	)		(21,336	)
Asset charges (note 3):
MSP contracts		(30	)		(29	)		(1,089	)		(991	)		-			-			(524	)		(493	)
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(2	)		10			9			22			16			3			(11	)		(1	)
Net equity transactions		(18,344	)		14,465			(66,898	)		(265,068	)		(86,795	)		(25,395	)		(5,514	)		(51,474	)
Net change in contract owners’ equity		(15,096	)		17,015			68,069			(205,881	)		37,873			23,768			7,567			(43,889	)
Contract owners’ equity beginning of period		62,669			45,654			1,032,119			1,238,000			732,839			709,071			138,384			182,273
Contract owners’ equity end of period	$	47,573			62,669			1,100,188			1,032,119			770,712			732,839			145,951			138,384
CHANGES IN UNITS:
Beginning units		4,802			3,650			72,436			92,343			51,262			53,137			9,928			13,838
Units purchased		613			1,796			5,543			6,429			2,851			2,245			1,483			1,357
Units redeemed		(1,964	)		(644	)		(10,006	)		(26,336	)		(8,229	)		(4,120	)		(1,862	)		(5,267	)
Ending units		3,451			4,802			67,973			72,436			45,884			51,262			9,549			9,928

	NVCBD1						NVLCP1						TRF						GBF
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	13,620			13,350			2,867			3,194			221,841			391,953			83,585			82,060
Realized gain (loss) on investments		717			56			(408	)		(427	)		1,958,039			1,012,006			(51,526	)		(95,739	)
Change in unrealized gain (loss) on investments		6,150			7,271			1,624			698			7,067,926			3,385,937			50,939			32,887
Reinvested capital gains		-			970			-			501			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		20,487			21,647			4,083			3,966			9,247,806			4,789,896			82,998			19,208
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		43,885			6,285			4,552			4,311			2,434,173			2,628,741			240,063			200,400
Transfers between funds		(3,985	)		53,620			8,334			23,524			(139,453	)		(432,614	)		(46,934	)		168,905
Surrenders (note 6)		(18,414	)		(22,000	)		-			(11,935	)		(2,957,215	)		(2,401,658	)		(173,035	)		(183,614	)
Death Benefits (note 4)		(11,106	)		-			-			-			(453,989	)		(459,856	)		(37,968	)		(107,503	)
Net policy repayments (loans) (note 5)		1,072			463			1,155			(7,581	)		479,577			402,041			24,395			(9,052	)
Deductions for surrender charges (note 2)		-			-			-			-			(419	)		(180	)		-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(14,641	)		(12,839	)		(5,678	)		(6,736	)		(3,366,672	)		(3,513,726	)		(342,849	)		(394,663	)
Asset charges (note 3):
MSP contracts		(64	)		(63	)		-			-			(11,093	)		(10,056	)		(6,585	)		(6,942	)
SL contracts or LSFP contracts		(109	)		(51	)		-			-			(7,295	)		(6,555	)		(649	)		(765	)
Adjustments to maintain reserves		(5	)		8			22			(17	)		2,383			1,913			66			124
Net equity transactions		(3,367	)		25,423			8,385			1,566			(4,020,003	)		(3,791,950	)		(343,496	)		(333,110	)
Net change in contract owners’ equity		17,120			47,070			12,468			5,532			5,227,803			997,946			(260,498	)		(313,902	)
Contract owners’ equity beginning of period		554,426			507,356			123,986			118,454			48,596,567			47,598,621			5,391,995			5,705,897
Contract owners’ equity end of period	$	571,546			554,426			136,454			123,986			53,824,370			48,596,567			5,131,497			5,391,995
CHANGES IN UNITS:
Beginning units		40,956			39,308			8,474			8,359			729,684			794,468			162,381			172,237
Units purchased		3,350			4,623			1,488			1,374			65,556			56,621			13,808			17,218
Units redeemed		(3,736	)		(2,975	)		(949	)		(1,259	)		(123,855	)		(121,405	)		(23,871	)		(27,074	)
Ending units		40,570			40,956			9,013			8,474			671,385			729,684			152,318			162,381

	GVIX2						GVIDA						NVDBL2						NVDCA2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	10,823			7,863			58,580			56,958			8,002			7,897			1,274			1,118
Realized gain (loss) on investments		(843	)		(4,781	)		152,430			56,198			2,072			1,533			(79	)		(1,339	)
Change in unrealized gain (loss) on investments		79,932			(1,515	)		219,562			(51,431	)		28,998			7,066			9,091			2,898
Reinvested capital gains		-			-			324,495			308,420			11,913			10,770			3,989			3,614
Net increase (decrease) in contract owners’ equity resulting from operations		89,912			1,567			755,067			370,145			50,985			27,266			14,275			6,291
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		5,667			110,349			108,088			136,180			5,645			13,014			16,292			2,543
Transfers between funds		64,419			(14,451	)		683			1,907,412			92			92,712			823			(853	)
Surrenders (note 6)		(9,211	)		(99,030	)		(275,843	)		(58,678	)		-			(842	)		-			(2,709	)
Death Benefits (note 4)		-			-			-			-			-			(1,760	)		-			-
Net policy repayments (loans) (note 5)		(11,494	)		(12,272	)		5,088			18,510			895			871			4,616			726
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(12,071	)		(11,322	)		(82,970	)		(90,236	)		(11,074	)		(9,127	)		(9,077	)		(8,624	)
Asset charges (note 3):
MSP contracts		(1,286	)		(1,011	)		(812	)		(726	)		(2,403	)		(2,224	)		-			(18	)
SL contracts or LSFP contracts		-			-			(11,903	)		(7,767	)		-			-			-			-
Adjustments to maintain reserves		(2	)		(1	)		23			49			2			13			(20	)		(2	)
Net equity transactions		36,022			(27,738	)		(257,646	)		1,904,744			(6,843	)		92,657			12,634			(8,937	)
Net change in contract owners’ equity		125,934			(26,171	)		497,421			2,274,889			44,142			119,923			26,909			(2,646	)
Contract owners’ equity beginning of period		366,767			392,938			4,269,510			1,994,621			471,395			351,472			94,050			96,696
Contract owners’ equity end of period	$	492,701			366,767			4,766,931			4,269,510			515,537			471,395			120,959			94,050
CHANGES IN UNITS:
Beginning units		39,877			42,885			178,815			94,671			27,043			21,278			4,804			5,282
Units purchased		6,658			2,622			6,619			93,468			390			6,616			2,301			420
Units redeemed		(3,441	)		(5,630	)		(16,928	)		(9,324	)		(755	)		(851	)		(1,699	)		(898	)
Ending units		43,094			39,877			168,506			178,815			26,678			27,043			5,406			4,804

	GVIDC						GVIDM						GVDMA						GVDMC
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	3,937			4,667			44,633			49,482			61,250			63,856			12,250			6,824
Realized gain (loss) on investments		(6,566	)		(12,311	)		129,989			84,924			115,376			44,999			(4,599	)		378,140
Change in unrealized gain (loss) on investments		12,707			14,460			26,256			(98,566	)		277,699			(99,328	)		34,970			(259,424	)
Reinvested capital gains		6,658			11,092			208,464			183,151			338,586			366,207			44,882			39,941
Net increase (decrease) in contract owners’ equity resulting from operations		16,736			17,908			409,342			218,991			792,911			375,734			87,503			165,481
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		17,036			22,382			142,359			186,742			166,687			202,223			34,055			171,103
Transfers between funds		(35,362	)		32,915			(87,457	)		47,525			(61,427	)		(14,730	)		(11,761	)		56,819
Surrenders (note 6)		(17,335	)		(62,900	)		(672,624	)		(68,650	)		(230,041	)		(378,304	)		(47,705	)		(2,780,139	)
Death Benefits (note 4)		(20,522	)		-			(177,377	)		(52,381	)		-			(19,716	)		-			-
Net policy repayments (loans) (note 5)		1,297			(30,785	)		582,893			45,627			58,835			226,643			7,895			20,517
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(40,950	)		(40,310	)		(258,381	)		(262,747	)		(225,950	)		(240,302	)		(83,577	)		(104,995	)
Asset charges (note 3):
MSP contracts		(410	)		(399	)		(8,556	)		(8,131	)		(4,628	)		(3,943	)		(555	)		(775	)
SL contracts or LSFP contracts		(186	)		(186	)		(1,256	)		(838	)		(1,370	)		(1,127	)		-			-
Adjustments to maintain reserves		(7	)		8			10			54			14			80			14			60
Net equity transactions		(96,439	)		(79,275	)		(480,389	)		(112,799	)		(297,880	)		(229,176	)		(101,634	)		(2,637,410	)
Net change in contract owners’ equity		(79,703	)		(61,367	)		(71,047	)		106,192			495,031			146,558			(14,131	)		(2,471,929	)
Contract owners’ equity beginning of period		398,511			459,878			3,506,812			3,400,620			5,118,855			4,972,297			1,093,389			3,565,318
Contract owners’ equity end of period	$	318,808			398,511			3,435,765			3,506,812			5,613,886			5,118,855			1,079,258			1,093,389
CHANGES IN UNITS:
Beginning units		25,228			29,949			170,563			176,900			231,771			243,227			60,451			202,821
Units purchased		1,237			3,959			14,031			18,984			10,783			15,906			2,557			13,610
Units redeemed		(7,383	)		(8,680	)		(35,986	)		(25,321	)		(23,831	)		(27,362	)		(7,928	)		(155,980	)
Ending units		19,082			25,228			148,608			170,563			218,723			231,771			55,080			60,451

	MCIF						SAM						NVMIG1						GVDIVI
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	35,667			41,949			(14,240	)		(79,384	)		28,288			34,221			10,748			10,547
Realized gain (loss) on investments		227,171			258,910			-			-			(32,569	)		(118,119	)		(3,670	)		(45,827	)
Change in unrealized gain (loss) on investments		259,172			145,907			-			-			896,721			(101,704	)		88,280			44,918
Reinvested capital gains		385,783			537,979			-			301			-			83,750			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		907,793			984,745			(14,240	)		(79,083	)		892,440			(101,852	)		95,358			9,638
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		111,887			127,610			1,185,676			2,121,927			158,039			152,928			22,647			25,040
Transfers between funds		(198,860	)		(129,967	)		2,468,402			5,537,113			49,897			(5,041	)		14,487			(117,253	)
Surrenders (note 6)		(202,842	)		(497,958	)		(3,885,490	)		(7,690,194	)		(372,635	)		(369,679	)		(17,520	)		(20,654	)
Death Benefits (note 4)		(26,536	)		(86,077	)		(106,609	)		(459,961	)		(7,611	)		(42,134	)		(5,964	)		(669	)
Net policy repayments (loans) (note 5)		(15,602	)		71,118			1,581,919			1,151,120			118,007			2,263			1,521			794
Deductions for surrender charges (note 2)		-			-			(20	)		(122	)		(8	)		(3	)		-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(236,228	)		(242,173	)		(1,365,294	)		(1,425,925	)		(197,674	)		(197,472	)		(24,934	)		(29,450	)
Asset charges (note 3):
MSP contracts		(3,186	)		(2,892	)		(11,871	)		(14,002	)		(1,187	)		(1,257	)		(34	)		(70	)
SL contracts or LSFP contracts		(897	)		(943	)		(5,957	)		(7,195	)		-			(1	)		(219	)		(189	)
Adjustments to maintain reserves		1,417			114			(509	)		(80	)		37			39			(2	)		6
Net equity transactions		(570,847	)		(761,168	)		(139,753	)		(787,319	)		(253,135	)		(460,357	)		(10,018	)		(142,445	)
Net change in contract owners’ equity		336,946			223,577			(153,993	)		(866,402	)		639,305			(562,209	)		85,340			(132,807	)
Contract owners’ equity beginning of period		6,345,221			6,121,644			14,375,389			15,241,791			3,615,029			4,177,238			434,490			567,297
Contract owners’ equity end of period	$	6,682,167			6,345,221			14,221,396			14,375,389			4,254,334			3,615,029			519,830			434,490
CHANGES IN UNITS:
Beginning units		179,792			206,498			877,192			921,079			384,493			432,427			24,448			33,454
Units purchased		5,002			7,171			298,273			323,766			29,336			27,947			3,076			2,481
Units redeemed		(20,543	)		(33,877	)		(310,581	)		(367,653	)		(52,151	)		(75,881	)		(3,631	)		(11,487	)
Ending units		164,251			179,792			864,884			877,192			361,678			384,493			23,893			24,448

	NVMLG1						NVMLV1						NVMMG1						NVMMV2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	(1,234	)		5,347			14,241			17,867			(156,794	)		(141,509	)		134,684			188,051
Realized gain (loss) on investments		(13,373	)		(92,789	)		(86,245	)		(12,585	)		1,023,332			780,424			710,150			489,089
Change in unrealized gain (loss) on investments		422,476			(99,997	)		188,037			58,145			4,664,635			(2,169,996	)		883,882			821,206
Reinvested capital gains		87,622			224,584			72,517			134,170			1,483,265			3,024,989			1,222,768			1,943,026
Net increase (decrease) in contract owners’ equity resulting from operations		495,491			37,145			188,550			197,597			7,014,438			1,493,908			2,951,484			3,441,372
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		112,453			49,853			68,183			56,485			836,646			869,232			546,402			572,056
Transfers between funds		287,103			(38,926	)		(14,103	)		21,657			97,386			(371,677	)		(398,816	)		(269,987	)
Surrenders (note 6)		(77,779	)		(239,091	)		(126,873	)		(81,661	)		(2,261,502	)		(1,914,582	)		(1,746,316	)		(969,706	)
Death Benefits (note 4)		(102	)		(17,223	)		(6,815	)		(1,909	)		(114,461	)		(231,806	)		(126,684	)		(106,026	)
Net policy repayments (loans) (note 5)		54,294			(834	)		25,639			34,240			536,127			628,028			318,435			123,935
Deductions for surrender charges (note 2)		-			-			-			-			(71	)		(247	)		(343	)		(24	)
Redemptions to pay cost of insurance charges and administration charges (note 2)		(91,950	)		(80,144	)		(63,022	)		(67,706	)		(1,340,802	)		(1,389,130	)		(1,008,639	)		(1,068,553	)
Asset charges (note 3):
MSP contracts		(1,316	)		(1,086	)		(323	)		(288	)		(11,620	)		(10,122	)		(6,519	)		(5,728	)
SL contracts or LSFP contracts		(813	)		(678	)		(536	)		(471	)		(550	)		(482	)		(65	)		(60	)
Adjustments to maintain reserves		6			40			(1	)		49			268			455			140			414
Net equity transactions		281,896			(328,089	)		(117,851	)		(39,604	)		(2,258,579	)		(2,420,331	)		(2,422,405	)		(1,723,679	)
Net change in contract owners’ equity		777,387			(290,944	)		70,699			157,993			4,755,859			(926,423	)		529,079			1,717,693
Contract owners’ equity beginning of period		1,542,909			1,833,853			1,404,874			1,246,881			26,796,168			27,722,591			23,469,232			21,751,539
Contract owners’ equity end of period	$	2,320,296			1,542,909			1,475,573			1,404,874			31,552,027			26,796,168			23,998,311			23,469,232
CHANGES IN UNITS:
Beginning units		94,633			114,835			85,015			87,462			1,640,505			1,797,627			1,131,548			1,226,871
Units purchased		24,388			7,142			7,134			7,471			114,278			89,993			56,709			46,027
Units redeemed		(9,158	)		(27,344	)		(13,832	)		(9,918	)		(235,547	)		(247,115	)		(166,942	)		(141,350	)
Ending units		109,863			94,633			78,317			85,015			1,519,236			1,640,505			1,021,315			1,131,548

	SCGF						SCVF						SCF						MSBF
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	(7,431	)		(5,886	)		2,159			8,124			(82,658	)		(26,367	)		51,056			32,265
Realized gain (loss) on investments		(45,441	)		(36,409	)		219,770			322,531			503,678			(71,013	)		(2,476	)		(4,158	)
Change in unrealized gain (loss) on investments		394,076			(165,768	)		(48,174	)		274,282			479,715			880,099			20,471			50,673
Reinvested capital gains		14,026			284,573			233,968			451,972			1,118,539			2,262,815			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		355,230			76,510			407,723			1,056,909			2,019,274			3,045,534			69,051			78,780
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		43,968			23,063			118,672			121,112			447,219			425,391			24,748			41,242
Transfers between funds		380,160			(113,214	)		(157,770	)		(419,575	)		(96,076	)		(454,948	)		(67,510	)		193,174
Surrenders (note 6)		(44,205	)		(148,283	)		(294,134	)		(360,191	)		(771,611	)		(762,337	)		(28,674	)		(22,020	)
Death Benefits (note 4)		(4,946	)		-			(57,720	)		(1,546	)		(306,927	)		(139,112	)		(268	)		(31,396	)
Net policy repayments (loans) (note 5)		(29,070	)		946			122,190			(30,166	)		(1,190	)		174,982			9,472			16,386
Deductions for surrender charges (note 2)		(38	)		-			-			-			(13	)		(48	)		-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(55,778	)		(48,644	)		(197,565	)		(205,987	)		(676,556	)		(686,731	)		(49,100	)		(53,349	)
Asset charges (note 3):
MSP contracts		(531	)		(465	)		(1,911	)		(1,833	)		(7,074	)		(6,427	)		(514	)		(522	)
SL contracts or LSFP contracts		(630	)		(540	)		(2,924	)		(3,014	)		(3,591	)		(3,336	)		(205	)		(251	)
Adjustments to maintain reserves		13			25			57			90			7,358			10,301			-			12
Net equity transactions		288,943			(287,112	)		(471,105	)		(901,110	)		(1,408,461	)		(1,442,265	)		(112,051	)		143,276
Net change in contract owners’ equity		644,173			(210,602	)		(63,382	)		155,799			610,813			1,603,269			(43,000	)		222,056
Contract owners’ equity beginning of period		1,310,408			1,521,010			5,176,534			5,020,735			16,590,872			14,987,603			1,266,470			1,044,414
Contract owners’ equity end of period	$	1,954,581			1,310,408			5,113,152			5,176,534			17,201,685			16,590,872			1,223,470			1,266,470
CHANGES IN UNITS:
Beginning units		100,290			125,888			109,672			132,480			234,265			259,198			61,373			54,232
Units purchased		31,186			2,944			5,004			6,754			11,958			10,648			2,384			12,418
Units redeemed		(10,883	)		(28,542	)		(15,202	)		(29,562	)		(31,862	)		(35,581	)		(7,875	)		(5,277	)
Ending units		120,593			100,290			99,474			109,672			214,361			234,265			55,882			61,373

	NVSTB2						NVOLG1						NVTIV3						EIF
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	1,194			6,068			(15,597	)		154,241			2,308			2,700			19,196			15,519
Realized gain (loss) on investments		(4,646	)		(273	)		906,869			1,283,442			(9,234	)		(3,670	)		24,316			61,098
Change in unrealized gain (loss) on investments		5,980			4,938			12,589,242			(12,935,124	)		40,642			(1,024	)		78,002			35,241
Reinvested capital gains		-			-			1,539,612			13,217,313			-			2,481			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		2,528			10,733			15,020,126			1,719,872			33,716			487			121,514			111,858
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		5,757			14,765			1,997,591			1,800,406			6,170			4,963			19,860			28,176
Transfers between funds		(359,404	)		(8,982	)		(525,092	)		11,911,100			(43,069	)		9,392			(10,481	)		(138,502	)
Surrenders (note 6)		(8,482	)		(3,658	)		(3,596,608	)		(4,427,644	)		(1,905	)		(4,959	)		(76,836	)		(50,617	)
Death Benefits (note 4)		(5,017	)		-			(340,237	)		(347,179	)		-			-			(788	)		(1,199	)
Net policy repayments (loans) (note 5)		(11,721	)		(9,986	)		353,297			257,203			(192	)		386			49,584			11,127
Deductions for surrender charges (note 2)		-			-			(577	)		(1	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(12,383	)		(13,938	)		(3,025,140	)		(2,887,181	)		(7,259	)		(7,732	)		(29,678	)		(32,861	)
Asset charges (note 3):
MSP contracts		(23	)		(23	)		(22,619	)		(19,811	)		-			-			(5	)		(9	)
SL contracts or LSFP contracts		-			-			(17,955	)		(17,146	)		(8	)		(4	)		(53	)		(47	)
Adjustments to maintain reserves		14			8			111			776			(9	)		7			47			(13	)
Net equity transactions		(391,259	)		(21,814	)		(5,177,229	)		6,270,523			(46,272	)		2,053			(48,350	)		(183,945	)
Net change in contract owners’ equity		(388,731	)		(11,081	)		9,842,897			7,990,395			(12,556	)		2,540			73,164			(72,087	)
Contract owners’ equity beginning of period		530,814			541,895			58,514,918			50,524,523			180,281			177,741			724,027			796,114
Contract owners’ equity end of period	$	142,083			530,814			68,357,815			58,514,918			167,725			180,281			797,191			724,027
CHANGES IN UNITS:
Beginning units		47,202			49,153			2,278,396			2,025,618			12,087			11,997			24,904			32,104
Units purchased		1,617			1,911			133,893			584,820			488			1,007			1,089			1,937
Units redeemed		(36,290	)		(3,862	)		(312,024	)		(332,042	)		(3,364	)		(917	)		(2,643	)		(9,137	)
Ending units		12,529			47,202			2,100,265			2,278,396			9,211			12,087			23,350			24,904

	NVRE1						NVLCAP						NVLMP						NVSIX2
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	124,932			126,566			1,881			1,346			1,625			100			615			980
Realized gain (loss) on investments		(732,242	)		(620,000	)		5,474			(68	)		63			(19	)		(114	)		(9,436	)
Change in unrealized gain (loss) on investments		940,342			326,971			13,104			4,027			3,991			619			17,504			16,720
Reinvested capital gains		118,759			698,150			1,721			868			1,267			133			7,989			14,763
Net increase (decrease) in contract owners’ equity resulting from operations		451,791			531,687			22,180			6,173			6,946			833			25,994			23,027
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		229,970			238,588			1,359			238			1,157			512			4,158			2,204
Transfers between funds		(1,125,776	)		(107,379	)		52,679			95,867			113,043			-			39,712			48,934
Surrenders (note 6)		(274,220	)		(713,966	)		(30,280	)		-			-			-			(25,206	)		(10,749	)
Death Benefits (note 4)		(46,116	)		(21,995	)		-			-			-			-			-			-
Net policy repayments (loans) (note 5)		83,342			(2,878	)		-			-			-			-			(1,128	)		(1,500	)
Deductions for surrender charges (note 2)		(44	)		-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(336,160	)		(386,183	)		(2,047	)		(740	)		(894	)		(281	)		(8,558	)		(6,228	)
Asset charges (note 3):
MSP contracts		(3,364	)		(3,435	)		-			-			-			-			-			-
SL contracts or LSFP contracts		(1,082	)		(1,044	)		-			-			-			-			-			-
Adjustments to maintain reserves		41			175			6			(6	)		5			1			(2	)		(1	)
Net equity transactions		(1,473,409	)		(998,117	)		21,717			95,359			113,311			232			8,976			32,660
Net change in contract owners’ equity		(1,021,618	)		(466,430	)		43,897			101,532			120,257			1,065			34,970			55,687
Contract owners’ equity beginning of period		8,464,819			8,931,249			102,664			1,132			10,847			9,782			170,575			114,888
Contract owners’ equity end of period	$	7,443,201			8,464,819			146,561			102,664			131,104			10,847			205,545			170,575
CHANGES IN UNITS:
Beginning units		554,264			624,463			8,185			100			898			878			11,412			9,242
Units purchased		24,895			31,098			4,056			8,147			8,738			45			2,922			3,135
Units redeemed		(121,429	)		(101,297	)		(2,288	)		(62	)		(68	)		(25	)		(2,224	)		(965	)
Ending units		457,730			554,264			9,953			8,185			9,568			898			12,110			11,412

	GVEX1						AMTB						AMGP						AMINS
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	39,283			38,214			18,420			9,752			(387	)		(153	)		145			122
Realized gain (loss) on investments		117,902			52,844			(6,097	)		(43,650	)		(7,214	)		(17,512	)		56			113
Change in unrealized gain (loss) on investments		343,876			124,452			(3,827	)		54,180			16,062			12,449			4,862			(727	)
Reinvested capital gains		73,889			43,578			-			-			10,360			15,270			-			103
Net increase (decrease) in contract owners’ equity resulting from operations		574,950			259,088			8,496			20,282			18,821			10,054			5,063			(389	)
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		58,576			910,838			76,791			69,380			-			-			-			103
Transfers between funds		47,753			421,162			68,230			(492,112	)		-			(67,887	)		-			-
Surrenders (note 6)		(223,110	)		(803,413	)		(179,406	)		(217,113	)		(6,710	)		-			-			-
Death Benefits (note 4)		-			-			(266,439	)		(18,118	)		-			-			-			-
Net policy repayments (loans) (note 5)		(19,390	)		(114,148	)		389,818			8,729			350			372			-			-
Deductions for surrender charges (note 2)		-			-			-			(2	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(78,813	)		(79,641	)		(85,616	)		(98,087	)		(4,221	)		(4,685	)		(250	)		(1,246	)
Asset charges (note 3):
MSP contracts		-			-			(3,686	)		(3,737	)		-			-			-			-
SL contracts or LSFP contracts		-			-			(662	)		(700	)		(72	)		(231	)		(73	)		(66	)
Adjustments to maintain reserves		30			40			(12,443	)		51			38			6			16			(3	)
Net equity transactions		(214,954	)		334,838			(13,413	)		(751,709	)		(10,615	)		(72,425	)		(307	)		(1,212	)
Net change in contract owners’ equity		359,996			593,926			(4,917	)		(731,427	)		8,206			(62,371	)		4,756			(1,601	)
Contract owners’ equity beginning of period		2,815,915			2,221,989			1,779,256			2,510,683			83,916			146,287			19,028			20,629
Contract owners’ equity end of period	$	3,175,911			2,815,915			1,774,339			1,779,256			92,122			83,916			23,784			19,028
CHANGES IN UNITS:
Beginning units		189,315			165,957			86,152			138,717			3,983			6,866			1,225			1,304
Units purchased		9,906			44,608			11,724			7,091			35			43			-			6
Units redeemed		(22,635	)		(21,250	)		(11,222	)		(59,656	)		(435	)		(2,926	)		(17	)		(85	)
Ending units		176,586			189,315			86,654			86,152			3,583			3,983			1,208			1,225

	AMCG						AMMCGS						AMTP						AMRS
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	(6,832	)		(7,684	)		(632	)		(851	)		12,221			15,200			100			49
Realized gain (loss) on investments		19,227			(19,607	)		315			(5,212	)		89,895			218,816			1,266			988
Change in unrealized gain (loss) on investments		318,888			8,662			21,782			1,988			196,370			171,467			1,785			673
Reinvested capital gains		30,983			73,998			2,071			7,129			87,481			216,712			-			1,341
Net increase (decrease) in contract owners’ equity resulting from operations		362,266			55,369			23,536			3,054			385,967			622,195			3,151			3,051
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		14,958			22,058			3,982			4,298			54,646			62,188			-			-
Transfers between funds		(1,697	)		(122,798	)		(10	)		(16,227	)		156,912			(309,089	)		-			-
Surrenders (note 6)		(169,840	)		(127,671	)		(58,539	)		(40,850	)		(57,615	)		(30,601	)		-			-
Death Benefits (note 4)		(241,903	)		(102,235	)		-			(2,028	)		(5,238	)		(10,389	)		-			-
Net policy repayments (loans) (note 5)		257,171			122,680			1,864			898			7,634			5,059			-			-
Deductions for surrender charges (note 2)		-			-			-			-			(45	)		-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(41,368	)		(48,658	)		(6,681	)		(9,425	)		(30,066	)		(37,166	)		(3,421	)		(3,493	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		(3,252	)		(2,902	)		-			-			(10,958	)		(9,536	)		(63	)		(63	)
Adjustments to maintain reserves		(12,434	)		18			4			14			399			688			18			(8	)
Net equity transactions		(198,365	)		(259,508	)		(59,380	)		(63,320	)		115,669			(328,846	)		(3,466	)		(3,564	)
Net change in contract owners’ equity		163,901			(204,139	)		(35,844	)		(60,266	)		501,636			293,349			(315	)		(513	)
Contract owners’ equity beginning of period		1,530,812			1,734,951			141,466			201,732			2,862,164			2,568,815			21,010			21,523
Contract owners’ equity end of period	$	1,694,713			1,530,812			105,622			141,466			3,363,800			2,862,164			20,695			21,010
CHANGES IN UNITS:
Beginning units		153,458			180,813			4,197			6,188			80,984			89,883			893			1,061
Units purchased		4,201			6,433			167			196			9,196			4,983			-			-
Units redeemed		(21,644	)		(33,788	)		(1,823	)		(2,187	)		(3,647	)		(13,882	)		(137	)		(168	)
Ending units		136,015			153,458			2,541			4,197			86,533			80,984			756			893

	AMSRS						NOTB3						NOTG3						OVMS
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	93			1,352			62			94			16			17			76,745			100,300
Realized gain (loss) on investments		29,063			18,135			1,576			5			9			(2	)		(21,020	)		(59,635	)
Change in unrealized gain (loss) on investments		62,659			16,701			269			236			305			78			390,786			210,114
Reinvested capital gains		26,587			24,585			16			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		118,402			60,773			1,923			335			330			93			446,511			250,779
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		5,186			15,474			-			-			-			-			221,012			239,201
Transfers between funds		(41,564	)		(26,110	)		(842	)		10,217			-			-			(31,512	)		12,781
Surrenders (note 6)		(15,493	)		(3,345	)		-			-			-			-			(392,647	)		(339,572	)
Death Benefits (note 4)		(1,237	)		-			-			-			-			-			(59,340	)		(138,467	)
Net policy repayments (loans) (note 5)		1,272			(364	)		-			-			-			-			51,373			123,416
Deductions for surrender charges (note 2)		-			-			-			-			-			-			(8	)		(24	)
Redemptions to pay cost of insurance charges and administration charges (note 2)		(25,064	)		(26,983	)		(449	)		(273	)		(90	)		(88	)		(300,413	)		(334,915	)
Asset charges (note 3):
MSP contracts		(70	)		(61	)		-			-			-			-			(3,337	)		(3,314	)
SL contracts or LSFP contracts		(41	)		(35	)		-			-			-			-			(484	)		(470	)
Adjustments to maintain reserves		6			10			(7	)		4			8			(3	)		441			240
Net equity transactions		(77,005	)		(41,414	)		(1,298	)		9,948			(82	)		(91	)		(514,915	)		(441,124	)
Net change in contract owners’ equity		41,397			19,359			625			10,283			248			2			(68,404	)		(190,345	)
Contract owners’ equity beginning of period		703,447			684,088			10,283			-			2,033			2,031			5,351,911			5,542,256
Contract owners’ equity end of period	$	744,844			703,447			10,908			10,283			2,281			2,033			5,283,507			5,351,911
CHANGES IN UNITS:
Beginning units		23,543			25,033			973			-			198			207			145,587			158,605
Units purchased		288			698			-			999			189			-			9,173			9,840
Units redeemed		(2,685	)		(2,188	)		(35	)		(26	)		(199	)		(9	)		(22,448	)		(22,858	)
Ending units		21,146			23,543			938			973			188			198			132,312			145,587

	OVB						OVGS						OVIG						OVGI
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	60,747			109,847			92,546			107,340			1,869			37			12,938			8,177
Realized gain (loss) on investments		25,620			50,033			667,390			20,736			753			(5,507	)		31,776			43,681
Change in unrealized gain (loss) on investments		40,850			(62,083	)		5,897,058			(1,700,361	)		24,566			(637	)		171,383			(56,841	)
Reinvested capital gains		-			-			-			1,311,856			-			375			25,859			147,789
Net increase (decrease) in contract owners’ equity resulting from operations		127,217			97,797			6,656,994			(260,429	)		27,188			(5,732	)		241,956			142,806
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		164,219			169,683			520,645			489,551			9,078			2,053			20,844			27,475
Transfers between funds		4,669			(94,486	)		(83,312	)		(948,644	)		121,622			39,105			(66,652	)		329,761
Surrenders (note 6)		(196,888	)		(203,808	)		(1,167,122	)		(1,386,141	)		(3,470	)		-			(63,480	)		(146,823	)
Death Benefits (note 4)		(81,551	)		(61,825	)		(249,176	)		(142,167	)		-			-			(1,036	)		(974	)
Net policy repayments (loans) (note 5)		48,732			101,393			210,953			82,619			1,265			(4	)		(10,900	)		10,574
Deductions for surrender charges (note 2)		(7	)		(3	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(213,343	)		(240,131	)		(851,602	)		(849,918	)		(3,325	)		(2,333	)		(45,743	)		(48,068	)
Asset charges (note 3):
MSP contracts		(3,310	)		(3,802	)		(8,955	)		(7,933	)		-			-			(2,638	)		(2,388	)
SL contracts or LSFP contracts		(515	)		(601	)		(3,637	)		(3,138	)		-			-			(374	)		(296	)
Adjustments to maintain reserves		238			198			10,027			325			2			5			26			23
Net equity transactions		(277,756	)		(333,382	)		(1,622,179	)		(2,765,446	)		125,172			38,826			(169,953	)		169,284
Net change in contract owners’ equity		(150,539	)		(235,585	)		5,034,815			(3,025,875	)		152,360			33,094			72,003			312,090
Contract owners’ equity beginning of period		3,274,735			3,510,320			19,016,144			22,042,019			62,019			28,925			1,580,634			1,268,544
Contract owners’ equity end of period	$	3,124,196			3,274,735			24,050,959			19,016,144			214,379			62,019			1,652,637			1,580,634
CHANGES IN UNITS:
Beginning units		146,333			160,710			313,241			360,765			6,824			3,100			80,670			71,846
Units purchased		11,622			10,395			11,876			13,048			12,625			5,650			2,935			21,051
Units redeemed		(25,722	)		(24,772	)		(34,651	)		(60,572	)		(677	)		(1,926	)		(11,414	)		(12,227	)
Ending units		132,233			146,333			290,466			313,241			18,772			6,824			72,191			80,670

	OVSC						OVAG						OVSB						PMVAAA
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	4,325			1,123			(6,361	)		(6,481	)		3,691			8,595			19,183			7,942
Realized gain (loss) on investments		55,140			(198,671	)		68,191			100,478			(528	)		(6,046	)		(6,694	)		(8,641	)
Change in unrealized gain (loss) on investments		50,197			327,670			99,787			(160,622	)		8,524			8,036			42,973			35,193
Reinvested capital gains		65,802			54,952			108,945			83,350			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		175,464			185,074			270,562			16,725			11,687			10,585			55,462			34,494
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		31,808			38,663			29,892			37,426			23,347			22,113			99,173			123,457
Transfers between funds		(346,075	)		(14,152	)		8,760			(54,702	)		51,346			(22,431	)		(47,101	)		82,557
Surrenders (note 6)		(58,695	)		(104,166	)		(58,581	)		(125,281	)		(29,870	)		(19,948	)		(8,357	)		(19,304	)
Death Benefits (note 4)		(4,946	)		(658	)		-			(8,415	)		-			(211	)		(1,902	)		-
Net policy repayments (loans) (note 5)		3,128			(73,653	)		(488	)		5,207			23,709			1,773			4,090			1,159
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(52,746	)		(71,732	)		(48,388	)		(55,619	)		(10,077	)		(11,865	)		(10,873	)		(11,885	)
Asset charges (note 3):
MSP contracts		(1,446	)		(1,050	)		(26	)		(22	)		(102	)		(97	)		-			-
SL contracts or LSFP contracts		(123	)		(98	)		(200	)		(186	)		(55	)		(43	)		-			-
Adjustments to maintain reserves		41			(31	)		11			26			4			5			(1	)		(8	)
Net equity transactions		(429,054	)		(226,877	)		(69,020	)		(201,566	)		58,302			(30,704	)		35,029			175,976
Net change in contract owners’ equity		(253,590	)		(41,803	)		201,542			(184,841	)		69,989			(20,119	)		90,491			210,470
Contract owners’ equity beginning of period		1,522,817			1,564,620			984,863			1,169,704			192,234			212,353			420,886			210,416
Contract owners’ equity end of period	$	1,269,227			1,522,817			1,186,405			984,863			262,223			192,234			511,377			420,886
CHANGES IN UNITS:
Beginning units		36,886			44,586			97,383			118,599			18,016			21,107			38,837			21,824
Units purchased		1,002			1,541			7,435			4,925			6,986			2,372			8,982			20,184
Units redeemed		(10,913	)		(9,241	)		(13,540	)		(26,141	)		(1,802	)		(5,463	)		(6,066	)		(3,171	)
Ending units		26,975			36,886			91,278			97,383			23,200			18,016			41,753			38,837

	PMVRSA						PMVFBA						PMVLDA						PMVTRA
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	1,465			55			2,377			1,835			12,708			16,949			11,464			15,626
Realized gain (loss) on investments		(2,220	)		(501	)		(2,294	)		(17,724	)		(6,135	)		(6,325	)		(4,248	)		(13,685	)
Change in unrealized gain (loss) on investments		915			1,461			21,746			27,213			6,289			4,789			25,287			24,671
Reinvested capital gains		-			-			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		160			1,015			21,829			11,324			12,862			15,413			32,503			26,612
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		287			298			10,110			9,909			33,580			44,750			16,278			16,969
Transfers between funds		2,218			6,816			(4,461	)		39,210			(30,704	)		8,736			(39,892	)		(165,692	)
Surrenders (note 6)		(556	)		-			(9,756	)		(121,127	)		(97,801	)		(63,248	)		(39,330	)		(61,820	)
Death Benefits (note 4)		-			-			-			(3,338	)		(15,717	)		(31,863	)		-			-
Net policy repayments (loans) (note 5)		622			(429	)		(14,770	)		20,366			(40,663	)		(21,943	)		8,401			(364	)
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(242	)		(529	)		(11,981	)		(14,426	)		(58,649	)		(67,590	)		(24,957	)		(35,104	)
Asset charges (note 3):
MSP contracts		-			-			-			-			(3,196	)		(3,256	)		-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(2	)		(1	)		12			17			76			24			46			98
Net equity transactions		2,327			6,155			(30,846	)		(69,389	)		(213,074	)		(134,390	)		(79,454	)		(245,913	)
Net change in contract owners’ equity		2,487			7,170			(9,017	)		(58,065	)		(200,212	)		(118,977	)		(46,951	)		(219,301	)
Contract owners’ equity beginning of period		13,712			6,542			232,260			290,325			1,438,170			1,557,147			767,133			986,434
Contract owners’ equity end of period	$	16,199			13,712			223,243			232,260			1,237,958			1,438,170			720,182			767,133
CHANGES IN UNITS:
Beginning units		2,186			1,195			19,555			25,040			116,237			127,195			67,610			88,806
Units purchased		492			1,158			928			4,503			4,733			6,178			2,470			2,628
Units redeemed		(137	)		(167	)		(3,448	)		(9,988	)		(22,060	)		(17,136	)		(9,287	)		(23,824	)
Ending units		2,541			2,186			17,035			19,555			98,910			116,237			60,793			67,610

	GVGMNS						PVEIB					PVGOB						PVTIGB
	2017			2016			2017			2016		2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	22			(52	)		(359	)		-		(1,861	)		(211	)		3,964			5,476
Realized gain (loss) on investments		80			(82	)		1,494			-		8,086			94			(37	)		(20,265	)
Change in unrealized gain (loss) on investments		628			482			11,841			-		99,049			2,455			47,697			3,073
Reinvested capital gains		1,037			-			-			-		5,352			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,767			348			12,976			-		110,626			2,338			51,624			(11,716	)
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		1,019			1,019			1,708			-		19,950			923			6,792			6,954
Transfers between funds		30,476			-			166,373			-		166,404			343,261			21,668			(21,171	)
Surrenders (note 6)		-			-			(4,758	)		-		(12,917	)		1			(1,470	)		(22,038	)
Death Benefits (note 4)		-			-			-			-		(22,103	)		-			-			-
Net policy repayments (loans) (note 5)		-			-			15			-		(347	)		(4,388	)		25,340			1,586
Deductions for surrender charges (note 2)		-			-			-			-		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(1,542	)		(1,375	)		(4,026	)		-		(23,439	)		(2,296	)		(11,573	)		(11,909	)
Asset charges (note 3):
MSP contracts		-			-			-			-		-			-			-			-
SL contracts or LSFP contracts		-			-			-			-		-			-			(113	)		(101	)
Adjustments to maintain reserves		7			4			696			-		10			(6	)		24			9
Net equity transactions		29,960			(352	)		160,008			-		127,558			337,495			40,668			(46,670	)
Net change in contract owners’ equity		31,727			(4	)		172,984			-		238,184			339,833			92,292			(58,386	)
Contract owners’ equity beginning of period		10,061			10,065			-			-		339,833			-			182,336			240,722
Contract owners’ equity end of period	$	41,788			10,061			172,984			-		578,017			339,833			274,628			182,336
CHANGES IN UNITS:
Beginning units		873			904			-			-		33,522			-			9,294			11,932
Units purchased		2,443			93			16,276			-		16,270			34,283			2,984			584
Units redeemed		(126	)		(124	)		(998	)		-		(6,014	)		(761	)		(1,185	)		(3,222	)
Ending units		3,190			873			15,278			-		43,778			33,522			11,093			9,294

	RVARS						TRHS2						TRLT2						VWBF
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	(256	)		(180	)		(22,079	)		(25,693	)		846			775			17,404			(7,230	)
Realized gain (loss) on investments		105			(75	)		(7,793	)		102,736			(1	)		(926	)		(40,631	)		(48,685	)
Change in unrealized gain (loss) on investments		2,468			(107	)		906,556			(800,925	)		(312	)		769			138,623			114,888
Reinvested capital gains		-			-			206,365			34,740			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		2,317			(362	)		1,083,049			(689,142	)		533			618			115,396			58,973
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		676			367			154,507			266,832			-			-			43,132			51,909
Transfers between funds		101,846			599			(436,460	)		(559,948	)		12,315			2,624			10,914			(12,546	)
Surrenders (note 6)		(984	)		-			(129,958	)		(435,848	)		-			-			(83,396	)		(39,911	)
Death Benefits (note 4)		-			-			(10,428	)		(45,205	)		-			-			(19,045	)		(6,175	)
Net policy repayments (loans) (note 5)		(4,034	)		(7,873	)		62,600			(5,389	)		-			-			8,780			20,541
Deductions for surrender charges (note 2)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(932	)		(967	)		(228,088	)		(311,332	)		(743	)		(2,634	)		(70,608	)		(72,337	)
Asset charges (note 3):
MSP contracts		-			-			(4,418	)		(3,914	)		-			-			(380	)		(351	)
SL contracts or LSFP contracts		-			-			-			-			(208	)		(218	)		(116	)		(113	)
Adjustments to maintain reserves		(4	)		(2	)		(15	)		80			(3	)		9			37			7
Net equity transactions		96,568			(7,876	)		(592,260	)		(1,094,724	)		11,361			(219	)		(110,682	)		(58,976	)
Net change in contract owners’ equity		98,885			(8,238	)		490,789			(1,783,866	)		11,894			399			4,714			(3	)
Contract owners’ equity beginning of period		42,171			50,409			4,473,261			6,257,127			62,568			62,169			1,042,933			1,042,936
Contract owners’ equity end of period	$	141,056			42,171			4,964,050			4,473,261			74,462			62,568			1,047,647			1,042,933
CHANGES IN UNITS:
Beginning units		4,053			4,795			151,368			188,201			4,798			4,821			46,834			49,553
Units purchased		9,565			1,613			7,747			9,875			938			196			2,764			3,384
Units redeemed		(479	)		(2,355	)		(26,629	)		(46,708	)		(72	)		(219	)		(7,321	)		(6,103	)
Ending units		13,139			4,053			132,486			151,368			5,664			4,798			42,277			46,834

	VWEM						VWHA						WRASP						WRHIP
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	(1,348	)		(1,073	)		(19,361	)		(6,253	)		17,120			1,549			32,101			41,034
Realized gain (loss) on investments		(56,708	)		(207,266	)		(429,998	)		(741,739	)		(66,986	)		(89,465	)		(16,494	)		(18,017	)
Change in unrealized gain (loss) on investments		1,678,155			165,235			313,797			2,073,851			331,752			26,429			26,030			76,337
Reinvested capital gains		-			19,742			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,620,099			(23,362	)		(135,562	)		1,325,859			281,886			(61,487	)		41,637			99,354
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		111,046			107,005			114,515			166,887			68,890			84,409			21,384			12,606
Transfers between funds		163,918			(118,942	)		(330,713	)		247,699			(132,506	)		(257,817	)		(158,049	)		123,209
Surrenders (note 6)		(234,376	)		(117,628	)		(164,096	)		(366,453	)		(310,121	)		(31,773	)		(11,294	)		(58,560	)
Death Benefits (note 4)		(494,218	)		(6,046	)		(146,733	)		(7,824	)		(11,820	)		(38,889	)		-			(1,899	)
Net policy repayments (loans) (note 5)		39,030			(26,859	)		31,048			3,737			26,774			20,281			13,212			11,638
Deductions for surrender charges (note 2)		(45	)		(32	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(192,166	)		(185,190	)		(176,708	)		(209,135	)		(71,643	)		(77,816	)		(36,992	)		(38,777	)
Asset charges (note 3):
MSP contracts		(1,375	)		(1,223	)		(1,718	)		(1,735	)		(776	)		(1,066	)		-			-
SL contracts or LSFP contracts		(992	)		(935	)		(525	)		(465	)		-			-			-			-
Adjustments to maintain reserves		(10	)		67			(147	)		3,605			18			26			9			11
Net equity transactions		(609,188	)		(349,783	)		(675,077	)		(163,684	)		(431,184	)		(302,645	)		(171,730	)		48,228
Net change in contract owners’ equity		1,010,911			(373,145	)		(810,639	)		1,162,175			(149,298	)		(364,132	)		(130,093	)		147,582
Contract owners’ equity beginning of period		3,662,307			4,035,452			4,362,160			3,199,985			1,776,643			2,140,775			753,710			606,128
Contract owners’ equity end of period	$	4,673,218			3,662,307			3,551,521			4,362,160			1,627,345			1,776,643			623,617			753,710
CHANGES IN UNITS:
Beginning units		142,846			156,813			109,288			112,466			121,332			141,615			57,879			53,801
Units purchased		13,592			6,603			10,858			14,996			5,748			6,934			3,030			9,026
Units redeemed		(35,198	)		(20,570	)		(30,574	)		(18,174	)		(32,583	)		(27,217	)		(15,777	)		(4,948	)
Ending units		121,240			142,846			89,572			109,288			94,497			121,332			45,132			57,879

	WRMCG						SVDF						SVOF						WFVSCG
	2017			2016			2017			2016			2017			2016			2017			2016
Investment activity:
Net investment income (loss)	$	(1,954	)		(1,456	)		(5,304	)		(4,949	)		(994	)		19,477			(1,727	)		(1,696	)
Realized gain (loss) on investments		(1,391	)		(9,894	)		3,080			(3,951	)		122,604			73,610			(11,710	)		(39,311	)
Change in unrealized gain (loss) on investments		80,296			9,310			142,244			(1,619	)		16,449			(83,504	)		78,106			23,152
Reinvested capital gains		11,259			14,594			37,662			48,360			104,538			139,265			9,148			30,618
Net increase (decrease) in contract owners’ equity resulting from operations		88,210			12,554			177,682			37,841			242,597			148,848			73,817			12,763
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		7,968			5,784			4,073			4,917			7,920			8,834			8,598			9,713
Transfers between funds		(1,732	)		63,427			(3,149	)		415			(119,649	)		(3,082	)		(17,612	)		(39,306	)
Surrenders (note 6)		(685	)		(31,653	)		(167,653	)		(83,707	)		(90,844	)		(112,132	)		(12,494	)		(39,037	)
Death Benefits (note 4)		-			-			(14,381	)		-			(4,884	)		(36,218	)		(24,620	)		(570	)
Net policy repayments (loans) (note 5)		(4,573	)		(755	)		5,996			2,691			249			15,881			(1,222	)		(2,123	)
Deductions for surrender charges (note 2)		-			-			-			-			-			(10	)		-			-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(9,362	)		(8,281	)		(15,866	)		(17,112	)		(29,389	)		(53,964	)		(15,217	)		(20,276	)
Asset charges (note 3):
MSP contracts		-			-			-			-			-			-			(99	)		(160	)
SL contracts or LSFP contracts		-			-			(591	)		(560	)		(1,392	)		(1,903	)		-			-
Adjustments to maintain reserves		3			15			1,091			(997	)		2,769			1,558			29			(27	)
Net equity transactions		(8,381	)		28,537			(190,480	)		(94,353	)		(235,220	)		(181,036	)		(62,637	)		(91,786	)
Net change in contract owners’ equity		79,829			41,091			(12,798	)		(56,512	)		7,377			(32,188	)		11,180			(79,023	)
Contract owners’ equity beginning of period		340,508			299,417			686,884			743,396			1,407,034			1,439,222			334,640			413,663
Contract owners’ equity end of period	$	420,337			340,508			674,086			686,884			1,414,411			1,407,034			345,820			334,640
CHANGES IN UNITS:
Beginning units		24,509			22,753			18,245			20,962			45,057			49,909			13,108			17,346
Units purchased		1,294			5,686			452			496			405			464			1,425			551
Units redeemed		(1,839	)		(3,930	)		(5,137	)		(3,213	)		(4,538	)		(5,316	)		(3,698	)		(4,789	)
Ending units		23,964			24,509			13,560			18,245			40,924			45,057			10,835			13,108

	PVGIB						IDPG					PVTVB					CAF
	2017			2016			2017		2016			2017		2016			2017		2016
Investment activity:
Net investment income (loss)	$	1,753			1,081			-		(15	)		-		2,606			-		(6,497	)
Realized gain (loss) on investments		(3,673	)		(1,136	)		-		(9,064	)		-		(60,618	)		-		4,514,103
Change in unrealized gain (loss) on investments		(4,360	)		9,023			-		6,310			-		35,794			-		(5,721,284	)
Reinvested capital gains		10,709			2,745			-		-			-		15,335			-		1,125,493
Net increase (decrease) in contract owners’ equity resulting from operations		4,429			11,713			-		(2,769	)		-		(6,883	)		-		(88,185	)
Equity transactions:
Purchase payments received from contract owners (notes 2 and 6)		(4,394	)		4,533			-		-			-		12,968			-		251,864
Transfers between funds		(92,850	)		(988	)		-		(150,654	)		-		(523,299	)		-		(13,343,497	)
Surrenders (note 6)		(3,324	)		(331	)		-		-			-		(2,747	)		-		(161,197	)
Death Benefits (note 4)		-			-			-		-			-		(5,189	)		-		(13,105	)
Net policy repayments (loans) (note 5)		(691	)		(6,049	)		-		-			-		(14,519	)		-		58,877
Deductions for surrender charges (note 2)		-			-			-		-			-		-			-		-
Redemptions to pay cost of insurance charges and administration charges (note 2)		(2,880	)		(7,540	)		-		(237	)		-		(16,820	)		-		(303,455	)
Asset charges (note 3):
MSP contracts		-			(20	)		-		-			-		(19	)		-		(888	)
SL contracts or LSFP contracts		(3	)		(8	)		-		-			-		(6	)		-		(659	)
Adjustments to maintain reserves		6,416			11			-		-			-		(8	)		-		(2,467	)
Net equity transactions		(97,726	)		(10,392	)		-		(150,891	)		-		(549,639	)		-		(13,514,527	)
Net change in contract owners’ equity		(93,297	)		1,321			-		(153,660	)		-		(556,522	)		-		(13,602,712	)
Contract owners’ equity beginning of period		93,297			91,976			-		153,660			-		556,522			-		13,602,712
Contract owners’ equity end of period	$	-			93,297			-		-			-		-			-		-
CHANGES IN UNITS:
Beginning units		3,854			4,323			-		15,862			-		23,414			-		415,809
Units purchased		88			619			-		-			-		866			-		9,679
Units redeemed		(3,942	)		(1,088	)		-		(15,862	)		-		(24,280	)		-		(425,488	)
Ending units		-			3,854			-		-			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

NOTES TO FINANCIAL STATEMENTS

December 31, 2017

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide VLI Separate Account-2 (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on May 7, 1987. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940. The Separate 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 Separate Account.

(b) The Policies

The Separate Account offers variable investment options through life insurance policies intended to provide benefits to the policyholder and/or the beneficiary named by the policyholder. Policy features are described in the applicable prospectus.

With certain exceptions, policyholders may invest in the following:

AB FUNDS

VPS Growth and Income Portfolio - Class A (ALVGIA)

VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)

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

AMERICAN CENTURY INVESTORS, 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)*

BLACKROCK FUNDS

Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund - Class I (BRVHYI)

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

DELAWARE FUNDS BY MACQUARIE

VIP Small Cap Value Series: Service Class (DWVSVS)

DIMENSIONAL FUND ADVISORS INC.

DFA VA Global Moderate Allocation Portfolio: Institutional Class Shares (DFVGMI)*

VA Inflation-Protected Securities Portfolio (DFVIPS)

DREYFUS CORPORATION

Small Cap Stock Index Portfolio - Service Shares (DVSCS)

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

Sustainable U.S. Equity Portfolio, Inc. - Initial Shares (DSRG)

Appreciation Portfolio - Initial Shares (DCAP)

Opportunistic Small Cap Portfolio - Initial Shares (DSC)

Growth and Income Portfolio - Initial Shares (DGI)

DEUTSCHE ASSET & WEALTH MANAGEMENT

Global Income Builder VIP - Class A (DSGIBA)

FEDERATED INVESTORS

Managed Tail Risk Fund II - Primary Shares (FVCA2P)

Quality Bond Fund II - Primary Shares (FQB)

FIDELITY INVESTMENTS

Equity-Income Portfolio - Initial Class (FEIP)

High Income Portfolio - Initial Class (FHIP)

VIP Real Estate Portfolio - Service Class (FRESS)

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)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

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)

INVESCO INVESTMENTS

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)

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

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

JANUS HENDERSON INVESTORS

Balanced Portfolio: Service Shares (JABS)

Enterprise Portfolio: Institutional Shares (JAEI)

Forty Portfolio: Service Shares (JACAS)

Global Technology Portfolio: Service Shares (JAGTS)

Overseas Portfolio: Service Shares (JAIGS)

LORD ABBETT FUNDS

Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)

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)

NVIT International Index Fund - Class II (GVIX2)

NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)

NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)

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

NVIT Investor Destinations Conservative Fund - Class II (GVIDC)

NVIT Investor Destinations Moderate Fund - Class II (GVIDM)

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

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

NVIT Mid Cap Index Fund - Class I (MCIF)

NVIT Money Market Fund - Class I (SAM)

NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)

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

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

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

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)

NEUBERGER & BERMAN MANAGEMENT, INC.

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)

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)*

OPPENHEIMER FUNDS

Capital Income Fund/VA - Non-Service Shares (OVMS)

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

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

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

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

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

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

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

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

PIMCO FUNDS

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)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

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

PUTNAM INVESTMENTS

VT Equity Income Fund: Class IB (PVEIB)

VT Growth Opportunities Fund: Class IB (PVGOB)

VT International Equity Fund: Class IB (PVTIGB)

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

Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)

Advantage VT Opportunity Fund - Class 2 (SVOF)

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

* At December 31, 2017, policyholders were not invested in this fund.

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

A policyholder 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 policyholder due to a policy cancellation during the free look period, and/or if a gain is realized by the policyholder during the free look period.

The Company allocates purchase payments to subaccounts and/or the fixed account as instructed by the policyholder. Shares of the subaccounts 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 policy.

(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, 2017 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 Separate 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 Separate Account. Taxes are generally the responsibility of the policyholder 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 Separate Account.

(g) Subsequent Events

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

(h) Securities and Exchange Commission Regulations

On October 13, 2016, the Securities and Exchange Commission amended Regulation S-X, which requires standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other amendments. The compliance date for the amendments to Regulation S-X was August 1, 2017. Management has incorporated the changes necessary to the financial statements and disclosures.

(2) Policy Charges

The Separate Account assesses charges associated with the policy. These charges are either assessed as a direct deduction from premium payments or through a redemption of units from the subaccounts contained within the Separate Account. The assessment of charges varies based on the policy and any additional riders or benefits elected. The additional riders or benefits and related charges specific to each product are described in detail in the applicable prospectus.

Policy Charges
Mortality and Expense Risk Charge (includes any Administrative Expense and Premium Expense Charges) - assessed through a redemption of units	Equal, on an annual basis, to 0.50% - 1.60% of the daily value of the assets invested in each fund
Sales Charge - assessed through a deduction from premium payments	0.0% - 9.5% of each premium paid
Premium Tax Charge - assessed through a deduction from premium payments	0.04% - 3.50% of each premium payment
Short-Term Trading Fee - assessed through a redemption of units	1% of the dollar amount transferred out of a subaccount within 60 days of being applied to that subaccount
Cost of Insurance Charges (including any flat extra charge) - assessed through a redemption of units	Varies widely based on the underwriting characteristics of the insured
Administrative Charge - assessed through a redemption of units	$7.50 - $80 per policy, per month; in some products .25% - .40% of the subaccount assets
Increase Charge	$0.17 per $1,000 of specified amount increase
Surrender Charge - assessed through a redemption of units	$0.00 - $27.94 per $1,000 of a policy’s specified amount; in single premium policies 0.0% - 10% - of the premium surrendered
Policy Loan Interest Charge - assessed through a redemption of units	6% of an outstanding policy loan
Illustration/Partial Surrender Fees - assessed through a redemption of units	$25.00 per request
Rider Charges - assessed through a redemption of units monthly, unless otherwise specified.
Children’s Term Insurance Rider Charge	$0.43 per $1,000 of the rider’s specified amount
Spouse Life Insurance Rider Charge	$0.10 - $10.23 per $1,000 of the rider’s specified amount
Long-Term Care Rider Charge	$0.02 - $5.73 per $1,000 of the rider’s net amount risk
Guaranteed Minimum Death Benefit Rider	$0.01 -$4.17 per $1,000 of the rider’s specified amount
Accidental Death Benefit Rider Charge	$0.05 - $0.75 per $1,000 of the rider’s specified amount
Waiver of Monthly Deductions Rider Charge	$85 - $855 per $1,000 of the rider’s benefit amount
Base Insured Term Rider Charge	$0.02 - $83.34 per $1,000 of the rider’s death benefit
Estate Protection Rider Charge	$0.01 - $83.34 per $1,000 of a rider death benefit
Policy Split Option Rider Charge	$0.01 - $0.03 of policy specified amount

For the periods ended December 31, 2017 and 2016, total front-end sales charge deductions were $1,228,999 and $1,318,877, respectively and were recognized as a reduction of purchase payments on the Statements of Changes in Contract Owners’ Equity.

(3) Asset Charges

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

For modified single premium policies, the Company deducts a charge equal to an annualized rate of 0.90%. For flexible premium policies, 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 policies, 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 last survivor flexible premium policies 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 policies 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 policies 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 policies, the Company deducts a charge equal to an annualized rate of 0.80%. For flexible premium and Variable Executive Life policies, the charge is equal to an annualized rate of 0.80% during the first ten policy years, and 0.50% thereafter. This charge is assessed through a reduction in the unit value.

The following table provides mortality and expense risk charges by policy type for those charges that are assessed through a reduction in the unit value for the period ended December 31, 2017:

	Total		ALVGIA		ALVSVA		ACVB		ACVCA		ACVIG
Variable Executive Life		12,236		-		-		-		-		-
Multiple Payment		2,063		-		-		-		83		-
Single Premium issue prior to April 16 1990		2,306		-		-		-		234		-
Flexible Premium VUL		2,842,285		1,772		5,418		17,778		93		6,441
Single Premium issue after to April 16 1990		354,506		-		-		18,175		10,461		2,659
Total		3,213,396		1,772		5,418		35,953		10,871		9,100
	ACVIP2		ACVI		ACVMV1		ACVU1		BRVHYI		MLVGA2
Variable Executive Life		92		-		-		-		-		38
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		3,930		138		13,534		-		10		13,621
Single Premium issue after to April 16 1990		-		1,092		-		4,515		-		-
Total		4,022		1,230		13,534		4,515		10		13,659
	DWVSVS		DFVIPS		DVSCS		DSIF		DSRG		DCAP
Variable Executive Life		-		-		-		566		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		2,912		994		9,255		199,599		37,668		15,676
Single Premium issue after to April 16 1990		-		-		3,657		21,453		1,633		3,144
Total		2,912		994		12,912		221,618		39,301		18,820
	DSC		DGI		DSGIBA		FVCA2P		FQB		FEIP
Variable Executive Life		-		12		-		-		-		1,702
Multiple Payment		-		-		-		-		-		320
Single Premium issue prior to April 16 1990		-		-		-		-		-		187
Flexible Premium VUL		1,802		6,092		307		386		3,429		184,159
Single Premium issue after to April 16 1990		-		1,054		-		-		3,277		25,503
Total		1,802		7,158		307		386		6,706		211,871
	FHIP		FRESS		FAMP		FNRS2		FF10S		FF20S
Variable Executive Life		191		-		30		-		-		-
Multiple Payment		86		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		309		-		-		-
Flexible Premium VUL		40,086		32		44,436		7,276		2,177		7,518
Single Premium issue after to April 16 1990		7,913		-		16,186		-		-		-
Total		48,276		32		60,961		7,276		2,177		7,518

	FF30S		FGP		FIGBS		FMCS		FOP		FOS
Variable Executive Life		-		2,428		25		-		10		79
Multiple Payment		-		1,057		-		-		299		-
Single Premium issue prior to April 16 1990		-		1,030		-		-		-		-
Flexible Premium VUL		6,882		306,412		9,346		34,100		16,932		20,312
Single Premium issue after to April 16 1990		-		39,293		-		-		7,552		-
Total		6,882		350,220		9,371		34,100		24,793		20,391
	FVSS		FTVIS2		FTVRDI		FTVSVI		FTVDM2		TIF
Variable Executive Life		-		40		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		2,949		6,442		20,089		13,190		4,203		329
Single Premium issue after to April 16 1990		1,096		-		-		-		-		-
Total		4,045		6,482		20,089		13,190		4,203		329
	TIF2		FTVGI2		FTVFA2		ACEG		AVMCCI		IVKMG1
Variable Executive Life		-		89		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		5,213		9,931		1,402		394		86		1,292
Single Premium issue after to April 16 1990		-		-		-		-		-		-
Total		5,213		10,020		1,402		394		86		1,292
	IVBRA1		JABS		JAEI		JACAS		JAGTS		JAIGS
Variable Executive Life		-		-		-		-		55		13
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		834		6,545		265		15,518		10,886		11,283
Single Premium issue after to April 16 1990		-		-		-		4,910		3,942		7,809
Total		834		6,545		265		20,428		14,883		19,105
	LOVTRC		MV2IGI		MNDIC		MVFIC		MSVFI		MSEM
Variable Executive Life		-		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		5,780		1,131		647		15,831		1,323		3,562
Single Premium issue after to April 16 1990		-		-		-		-		-		375
Total		5,780		1,131		647		15,831		1,323		3,937
	MSVRE		NVBX		NVIX		NVAMV1		GVAAA2		GVABD2
Variable Executive Life		-		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		4		1,650		768		29,760		15,202		2,395
Single Premium issue after to April 16 1990		7,309		-		-		6,105		-		-
Total		7,313		1,650		768		35,865		15,202		2,395

	GVAGG2		GVAGR2		GVAGI2		HIBF		GEM		GIG
Variable Executive Life		-		26		-		-		22		66
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		8,857		10,975		3,619		4,248		8,195		17,709
Single Premium issue after to April 16 1990		-		-		-		-		2,498		182
Total		8,857		11,001		3,619		4,248		10,715		17,957
	NVNMO1		NVNSR1		NVCRA1		NVCRB1		NVCCA1		NVCCN1
Variable Executive Life		283		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		69,457		622		1,585		2,170		3,419		306
Single Premium issue after to April 16 1990		643		-		-		-		-		-
Total		70,383		622		1,585		2,170		3,419		306
	NVCMD1		NVCMA1		NVCMC1		NVCBD1		NVLCP1		TRF
Variable Executive Life		-		-		-		-		-		1,278
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		24
Flexible Premium VUL		5,326		4,273		536		1,697		661		286,596
Single Premium issue after to April 16 1990		-		-		-		1,942		-		8,265
Total		5,326		4,273		536		3,639		661		296,163
	GBF		GVIX2		GVIDA		NVDBL2		NVDCA2		GVIDC
Variable Executive Life		-		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		14		-		-		-		-		-
Flexible Premium VUL		21,878		1,444		11,209		1,184		658		1,121
Single Premium issue after to April 16 1990		4,647		-		179		-		-		1,112
Total		26,539		1,444		11,388		1,184		658		2,233
	GVIDM		GVDMA		GVDMC		MCIF		SAM		NVMIG1
Variable Executive Life		-		184		-		94		530		-
Multiple Payment		-		-		-		-		32		-
Single Premium issue prior to April 16 1990		-		-		-		-		24		-
Flexible Premium VUL		12,961		21,901		3,559		26,723		49,774		19,846
Single Premium issue after to April 16 1990		1,615		4,089		3,903		6,268		25,744		2,027
Total		14,576		26,174		7,462		33,085		76,104		21,873

	GVDIVI		NVMLG1		NVMLV1		NVMMG1		NVMMV2		SCGF
Variable Executive Life		-		-		-		309		-		15
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		2,190		8,299		6,174		155,745		125,532		7,258
Single Premium issue after to April 16 1990		-		470		484		740		1,664		158
Total		2,190		8,769		6,658		156,794		127,196		7,431
	SCVF		SCF		MSBF		NVSTB2		NVOLG1		NVTIV3
Variable Executive Life		51		1,569		-		-		850		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		20,610		77,772		4,484		1,186		301,692		945
Single Premium issue after to April 16 1990		2,305		3,317		2,656		-		20,184		-
Total		22,966		82,658		7,140		1,186		322,726		945
	EIF		NVRE1		NVLCAP		NVLMP		NVSIX2		GVEX1
Variable Executive Life		-		198		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		3,913		36,316		717		212		1,039		15,336
Single Premium issue after to April 16 1990		-		1,492		-		-		-		-
Total		3,913		38,006		717		212		1,039		15,336
	AMTB		AMGP		AMCG		AMMCGS		AMTP		AMSRS
Variable Executive Life		59		-		-		30		-		-
Multiple Payment		-		-		167		-		-		-
Single Premium issue prior to April 16 1990		-		-		244		-		-		-
Flexible Premium VUL		5,357		-		29		602		26		3,601
Single Premium issue after to April 16 1990		1,992		671		6,392		-		6,448		-
Total		7,408		671		6,832		632		6,474		3,601
	NOTB3		NOTG3		OVMS		OVB		OVGS		OVIG
Variable Executive Life		-		-		4		-		1,222		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		95		17		25,460		13,155		101,282		731
Single Premium issue after to April 16 1990		-		-		3,362		3,811		10,031		-
Total		95		17		28,826		16,966		112,535		731
	OVGI		OVSC		OVAG		OVSB		PMVAAA		PMVRSA
Variable Executive Life		-		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		6,153		6,394		5,118		992		2,319		67
Single Premium issue after to April 16 1990		183		-		1,575		-		-		-
Total		6,336		6,394		6,693		992		2,319		67

	PMVFBA		PMVLDA		PMVTRA		GVGMNS		PVEIB		PVGOB
Variable Executive Life		-		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		1,120		4,966		3,843		100		359		2,276
Single Premium issue after to April 16 1990		-		-		-		-		-		-
Total		1,120		4,966		3,843		100		359		2,276
	PVTIGB		RVARS		TRHS2		VWBF		VWEM		VWHA
Variable Executive Life		-		-		-		43		20		13
Multiple Payment		-		-		-		19		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		-		-
Flexible Premium VUL		1,083		256		22,079		3,464		17,959		15,607
Single Premium issue after to April 16 1990		-		-		-		3,571		2,394		3,741
Total		1,083		256		22,079		7,097		20,373		19,361
	WRASP		WRHIP		WRMCG		SVDF		SVOF		WFVSCG
Variable Executive Life		-		-		-		-		-		-
Multiple Payment		-		-		-		-		-		-
Single Premium issue prior to April 16 1990		-		-		-		-		240		-
Flexible Premium VUL		8,792		3,636		1,954		-		116		1,727
Single Premium issue after to April 16 1990		-		-		-		5,304		9,334		-
Total		8,792		3,636		1,954		5,304		9,690		1,727
	PVGIB
Variable Executive Life		-
Multiple Payment		-
Single Premium issue prior to April 16 1990		-
Flexible Premium VUL		194
Single Premium issue after to April 16 1990		-
Total		194

(4) Death Benefits

Death benefit proceeds result in a redemption of the policy value from the Separate Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium policies, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the policy value on the date of death, the excess is paid by the Company’s general account.

(5) Policy Loans (Net of Repayments)

Policy provisions allow policyholders to borrow up to 90.00% (50% during first year of single and modified single premium policies) of a policy’s cash surrender value. For single premium policies issued prior to April 16, 1990, 6.50% interest is due and payable annually in advance of the policy anniversary date. For single premium policies issued on or after April 16, 1990, multiple payment, flexible premium, modified single and last survivor flexible premium policies, 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 Separate Account to the Company’s general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Loan repayments result in a transfer of collateral including interest credited back to the Separate Account.

(6) Related Party Transactions

The Company performs various services on behalf of the mutual fund companies in which the Separate 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.

Policyholders may, with certain restrictions, transfer their assets between the Separate Account and a fixed dollar policy (fixed account) maintained in the accounts of the Company. These transfers are the result of the policyholder executing fund exchanges. Fund exchanges from the Separate Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Separate Account are included in purchase payments received from policyholders, as applicable, on the accompanying Statements of Change in Contract Owners’ Equity. Policy loan transactions (note 5), executed at the direction of the policyholder, also result in transfers between the Separate 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, 2017 and 2016, total transfers to the Separate Account from the fixed account were $22,745,228 and $22,324,321, respectively, and total transfers from the Separate Account to the fixed account were $15,807,365 and $28,868,044, 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 Separate Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

In accordance with FASB ASC 820, the Separate 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 Separate Account categorizes financial assets recorded at fair value as follows:

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

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

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

The Separate 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, 2017.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2017:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	648,047,772	$	-	$	-	$	648,047,772

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2017 are as follows:

	Purchase of Investments		Sales of Investments
VPS Growth and Income Portfolio - Class A (ALVGIA)	$	49,215	$	48,731
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)		1		163
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)		112,961		305,116
VP Balanced Fund - Class I (ACVB)		668,619		452,181
VP Capital Appreciation Fund - Class I (ACVCA)		205,272		185,872
VP Income & Growth Fund - Class I (ACVIG)		124,663		756,927
VP Inflation Protection Fund - Class II (ACVIP2)		77,624		96,776
VP International Fund - Class I (ACVI)		26,757		168,781
VP Mid Cap Value Fund - Class I (ACVMV1)		513,928		1,103,578
VP Ultra(R) Fund - Class I (ACVU1)		650,386		6,824
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund - Class I (BRVHYI)		11,085		1,276
Global Allocation V.I. Fund - Class II (MLVGA2)		233,298		542,277
VIP Small Cap Value Series: Service Class (DWVSVS)		368,983		371,435
VA Inflation-Protected Securities Portfolio (DFVIPS)		219,871		27,004
Small Cap Stock Index Portfolio - Service Shares (DVSCS)		659,424		1,004,799
Stock Index Fund, Inc. - Initial Shares (DSIF)		2,062,924		4,935,235
Sustainable U.S. Equity Portfolio, Inc. - Initial Shares (DSRG)		583,682		540,333

Appreciation Portfolio - Initial Shares (DCAP)	$	840,223	$	733,292
Opportunistic Small Cap Portfolio - Initial Shares (DSC)		135,260		233,529
Growth and Income Portfolio - Initial Shares (DGI)		107,262		167,789
Global Income Builder VIP - Class A (DSGIBA)		124,759		2,265
Managed Tail Risk Fund II - Primary Shares (FVCA2P)		6,981		37,459
Quality Bond Fund II - Primary Shares (FQB)		113,367		128,360
Equity-Income Portfolio - Initial Class (FEIP)		1,649,435		4,382,936
High Income Portfolio - Initial Class (FHIP)		827,411		1,693,135
VIP Real Estate Portfolio - Service Class (FRESS)		12,727		235
VIP Asset Manager Portfolio - Initial Class (FAMP)		1,453,031		856,758
VIP Energy Portfolio - Service Class 2 (FNRS2)		95,012		358,484
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)		27,177		33,030
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)		94,568		149,442
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)		193,346		158,426
VIP Growth Portfolio - Initial Class (FGP)		5,164,131		5,720,635
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)		274,778		290,153
VIP Mid Cap Portfolio - Service Class (FMCS)		494,892		965,959
VIP Overseas Portfolio - Initial Class (FOP)		138,939		519,937
VIP Overseas Portfolio - Service Class (FOS)		239,823		311,768
VIP Value Strategies Portfolio - Service Class (FVSS)		267,967		126,092
Franklin Income Securities Fund - Class 2 (FTVIS2)		303,529		271,748
Rising Dividends Securities Fund - Class 1 (FTVRDI)		593,976		831,361
Small Cap Value Securities Fund - Class 1 (FTVSVI)		339,030		365,255
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)		223,819		109,684
Templeton Foreign Securities Fund - Class 1 (TIF)		3,380		17,615
Templeton Foreign Securities Fund - Class 2 (TIF2)		314,274		333,905
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)		406,205		411,804
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)		29,701		20,649
VI American Franchise Fund - Series I Shares (ACEG)		217,112		203,391
VI Value Opportunities Fund - Series I Shares (AVBVI)		213		1,262
VI Mid Cap Core Equity Fund - Series I Shares (AVMCCI)		28,338		566
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)		106,496		75,893
Balanced-Risk Allocation Fund - Series I Shares (IVBRA1)		39,074		54,605
Balanced Portfolio: Service Shares (JABS)		210,001		160,725
Enterprise Portfolio: Institutional Shares (JAEI)		317,774		945
Forty Portfolio: Service Shares (JACAS)		598,292		919,983
Global Technology Portfolio: Service Shares (JAGTS)		1,331,797		890,915
Overseas Portfolio: Service Shares (JAIGS)		798,327		415,957
Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)		106,436		25,648
Var Insurance Trust II - MFS Investors Growth Stock Portfolio - Initial Class (MV2IGI)		110,585		120,569
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)		30,656		38,539
Value Series - Initial Class (MVFIC)		394,878		178,731
Core Plus Fixed Income Portfolio - Class I (MSVFI)		43,339		39,965
Emerging Markets Debt Portfolio - Class I (MSEM)		109,507		198,659
U.S. Real Estate Portfolio - Class I (MSVRE)		36,427		421,639
NVIT Bond Index Fund Class I (NVBX)		119,462		57,979
NVIT International Index Fund Class I (NVIX)		93,850		42,606
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)		651,657		1,156,765
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)		427,970		119,784
American Funds NVIT Bond Fund - Class II (GVABD2)		48,606		18,530
American Funds NVIT Global Growth Fund - Class II (GVAGG2)		491,985		378,424
American Funds NVIT Growth Fund - Class II (GVAGR2)		332,015		180,748
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)		134,332		26,785
Federated NVIT High Income Bond Fund - Class I (HIBF)		119,166		97,484
NVIT Emerging Markets Fund - Class I (GEM)		443,283		975,357
NVIT International Equity Fund - Class I (GIG)		265,016		349,755
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)		611,959		2,149,101
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)		22,321		10,273
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)		29,818		28,184
NVIT Cardinal Balanced Fund - Class I (NVCRB1)		28,978		17,723
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)		79,076		100,327
NVIT Cardinal Conservative Fund - Class I (NVCCN1)		7,980		24,633
NVIT Cardinal Moderate Fund - Class I (NVCMD1)		97,723		85,822
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)		216,362		239,287
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)		14,411		11,755
NVIT Core Bond Fund - Class I (NVCBD1)		79,803		69,535

NVIT Core Plus Bond Fund - Class I (NVLCP1)	$	24,792	$	13,561
NVIT Nationwide Fund - Class I (TRF)		636,649		4,435,535
NVIT Government Bond Fund - Class I (GBF)		197,076		456,918
NVIT International Index Fund - Class II (GVIX2)		79,730		32,878
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)		479,774		354,322
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)		25,147		12,078
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)		34,519		16,602
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)		31,483		117,308
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)		332,947		560,190
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)		515,698		413,651
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)		84,567		129,035
NVIT Mid Cap Index Fund - Class I (MCIF)		620,549		769,815
NVIT Money Market Fund - Class I (SAM)		5,667,546		5,822,950
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)		219,376		444,188
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)		66,260		65,523
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)		600,422		232,105
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)		399,094		430,163
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)		1,958,925		2,890,628
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)		1,609,924		2,674,489
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)		449,517		153,960
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)		707,352		942,298
NVIT Multi-Manager Small Company Fund - Class I (SCF)		1,249,992		1,628,502
NVIT Multi-Sector Bond Fund - Class I (MSBF)		82,879		143,852
NVIT Short Term Bond Fund - Class II (NVSTB2)		6,455		396,524
NVIT Large Cap Growth Fund - Class I (NVOLG1)		2,045,562		5,699,680
Templeton NVIT International Value Fund - Class III (NVTIV3)		13,789		57,738
Invesco NVIT Comstock Value Fund - Class I (EIF)		69,891		99,075
NVIT Real Estate Fund - Class I (NVRE1)		350,771		1,580,286
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)		60,080		34,766
Loring Ward NVIT Moderate Fund - Class P (NVLMP)		117,143		944
NVIT Small Cap Index Fund Class II (NVSIX2)		86,803		69,220
NVIT S&P 500 Index Fund Class I (GVEX1)		714,558		816,306
Short Duration Bond Portfolio - I Class Shares (AMTB)		172,041		166,972
Guardian Portfolio - I Class Shares (AMGP)		10,992		11,672
International Portfolio - S Class Shares (AMINS)		145		322
Mid-Cap Growth Portfolio - I Class Shares (AMCG)		47,636		221,820
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)		4,864		62,804
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		385,616		170,564
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)		100		3,484
Socially Responsive Portfolio - I Class Shares (AMSRS)		32,386		82,699
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)		36,008		37,222
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)		33		107
Capital Income Fund/VA - Non-Service Shares (OVMS)		144,768		583,194
Core Bond Fund/VA - Non-Service Shares (OVB)		147,586		364,688
Global Securities Fund/VA - Non-Service Shares (OVGS)		737,221		2,275,721
International Growth Fund/VA - Non-Service Shares (OVIG)		134,968		7,930
Main Street Fund(R)/VA - Non-Service Shares (OVGI)		81,018		212,170
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)		95,077		454,020
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)		236,204		202,621
Global Strategic Income Fund/VA - Non-service Shares (OVSB)		72,933		10,943
All Asset Portfolio - Administrative Class (PMVAAA)		159,079		104,866
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)		13,301		9,506
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)		10,131		38,612
Low Duration Portfolio - Administrative Class (PMVLDA)		55,131		255,592
Total Return Portfolio - Administrative Class (PMVTRA)		40,306		108,371
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)		32,652		1,639
VT Equity Income Fund: Class IB (PVEIB)		260,062		100,415
VT Growth Opportunities Fund: Class IB (PVGOB)		190,116		59,076
VT International Equity Fund: Class IB (PVTIGB)		64,289		19,681
Variable Fund - Multi-Hedge Strategies (RVARS)		102,364		6,047
Health Sciences Portfolio - II (TRHS2)		853,942		1,261,829
Limited-Term Bond Portfolio - II (TRLT2)		13,110		900
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)		45,260		138,556
VIP Trust Emerging Markets Fund - Initial Class (VWEM)		426,382		1,036,781
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)		242,936		936,992
Variable Insurance Portfolios - Asset Strategy (WRASP)		95,060		509,122

Variable Insurance Portfolios - High Income (WRHIP)	$	348,063	$	487,690
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)		32,127		31,199
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)		45,111		204,302
Advantage VT Opportunity Fund - Class 2 (SVOF)		142,534		276,657
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)		59,173		114,418
VT Growth & Income Fund: Class IB (obsolete) (PVGIB)		13,849		99,118
	$	54,962,565	$	81,833,274

(8) Financial Highlights

The following tabular presentation is a summary of units, unit fair values, Contract Owners’ Equity outstanding and policy expense rates for variable life policies as of December 31, 2017, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2017. 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, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VPS Growth and Income Portfolio - Class A (ALVGIA)
2017		0.00% to 0.80%		11,414		$ 36.19 to $ 32.18		$ 384,234		1.43%		18.92% to 17.98%
2016		0.00% to 0.80%		12,562		30.43 to 27.28		356,845		1.05%		11.30% to 10.42%
2015		0.00% to 0.80%		12,235		27.34 to 24.70		313,874		1.36%		1.70% to 0.89%
2014		0.00% to 0.80%		15,203		26.88 to 24.49		384,461		1.18%		9.54% to 8.67%
2013		0.00% to 0.80%		32,892		24.54 to 22.53		764,323		1.00%		34.96% to 33.89%
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
2017		0.80%		1		13.51		14		1.22%		13.76%
2016		0.80%		14		11.87		166		0.67%		2.77%
2015		0.80%		43		11.55		497		0.76%		-1.88%
2014		0.80%		77		11.77		907		0.83%		3.62%
2013		0.50%		441		11.42		5,037		0.37%		11.75%
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
2017		0.00% to 0.80%		22,186		52.47 to 46.66		1,084,321		0.44%		13.15% to 12.25%
2016		0.00% to 0.80%		27,662		46.38 to 41.57		1,199,444		0.67%		25.09% to 24.09%
2015		0.00% to 0.80%		30,399		37.07 to 33.50		1,059,432		0.77%		-5.49% to -6.24%
2014		0.00% to 0.80%		35,245		39.23 to 35.73		1,304,186		0.72%		9.20% to 8.33%
2013		0.00% to 0.80%		33,478		35.92 to 32.98		1,140,255		0.61%		38.06% to 36.96%
VP Balanced Fund - Class I (ACVB)
2017		0.00% to 1.00%		176,047		40.17 to 20.57		5,781,607		1.56%		13.91% to 12.78%
2016		0.00% to 1.00%		178,035		35.27 to 18.24		5,146,349		1.58%		6.99% to 5.93%
2015		0.00% to 1.00%		185,739		32.96 to 17.22		5,191,580		1.77%		-2.57% to -3.54%
2014		0.00% to 1.00%		202,718		33.83 to 17.85		6,313,545		1.53%		9.85% to 8.76%
2013		0.00% to 1.30%		173,234		30.80 to 32.31		5,192,773		1.61%		17.43% to 15.91%
VP Capital Appreciation Fund - Class I (ACVCA)
2017		0.00% to 1.00%		63,028		45.23 to 20.51		1,590,508		0.00%		21.79% to 20.58%
2016		0.00% to 1.00%		70,579		37.13 to 17.01		1,459,428		0.00%		3.23% to 2.20%
2015		0.00% to 1.00%		83,442		35.97 to 16.64		1,641,728		0.00%		1.93% to 0.92%
2014		0.00% to 1.00%		98,440		35.29 to 16.49		1,852,786		0.00%		8.14% to 7.06%
2013		0.00% to 1.30%		100,920		32.63 to 46.38		1,795,382		0.00%		30.92% to 29.23%
VP Income & Growth Fund - Class I (ACVIG)
2017		0.00% to 1.00%		58,537		31.34 to 21.28		1,660,296		2.25%		20.49% to 19.29%
2016		0.00% to 1.00%		94,337		26.01 to 17.84		2,054,209		2.36%		13.48% to 12.36%
2015		0.00% to 1.00%		100,085		22.92 to 15.87		1,942,153		2.07%		-5.62% to -6.56%
2014		0.00% to 1.00%		128,055		24.28 to 16.99		2,665,348		2.02%		12.50% to 11.38%
2013		0.00% to 1.00%		139,633		21.59 to 15.25		2,612,178		2.26%		35.82% to 34.47%
VP Inflation Protection Fund - Class II (ACVIP2)
2017		0.00% to 0.80%		62,077		16.85 to 14.98		984,277		2.61%		3.67% to 2.85%
2016		0.00% to 0.80%		64,675		16.25 to 14.57		993,812		1.85%		4.39% to 3.56%
2015		0.00% to 0.80%		72,248		15.57 to 14.06		1,069,079		1.96%		-2.47% to -3.25%
2014		0.00% to 0.80%		76,999		15.96 to 14.54		1,171,233		1.26%		3.30% to 2.48%
2013		0.00% to 0.80%		93,282		15.45 to 14.19		1,376,314		1.65%		-8.48% to -9.21%
VP International Fund - Class I (ACVI)
2017		0.00% to 1.00%		16,842		35.98 to 13.85		450,866		0.94%		31.21% to 29.90%
2016		0.00% to 1.00%		24,430		27.42 to 10.66		471,197		1.06%		-5.50% to -6.44%
2015		0.00% to 1.00%		26,275		29.02 to 11.39		531,437		0.33%		0.76% to -0.24%
2014		0.00% to 1.00%		31,160		28.80 to 11.42		498,337		1.68%		-5.51% to -6.45%
2013		0.00% to 1.00%		36,115		30.48 to 12.21		636,897		1.69%		22.41% to 21.19%
VP Mid Cap Value Fund - Class I (ACVMV1)
2017		0.00% to 0.80%		70,812		36.92 to 33.37		2,453,645		1.52%		11.69% to 10.81%
2016		0.00% to 0.80%		91,289		33.06 to 30.11		2,844,166		1.70%		22.85% to 21.88%
2015		0.00% to 0.80%		80,976		26.91 to 24.71		2,065,583		1.67%		-1.43% to -2.22%
2014		0.00% to 0.80%		83,768		27.30 to 25.27		2,179,777		1.16%		16.42% to 15.50%
2013		0.00% to 0.80%		85,896		23.45 to 21.88		1,928,977		1.27%		30.11% to 29.08%
VP Ultra(R) Fund - Class I (ACVU1)
2017		0.00% to 1.00%		28,800		30.93 to 26.45		762,578		0.02%		32.22% to 30.91%
2016		0.00% to 1.00%		809		23.39 to 20.20		17,047		0.76%		4.45% to 3.41%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2015		0.00% to 1.00%		8,573		22.40 to 19.53		172,130		0.57%		6.27% to 5.21%
2014		0.00% to 1.00%		11,928		21.07 to 18.57		222,110		0.43%		9.99% to 8.90%
2013		1.00%		10,891		17.05		185,678		0.31%		35.71%
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)
2017		0.50% to 0.80%		949		10.31 to 10.29		9,780		2.38%		3.07% to 2.87%	****
Global Allocation V.I. Fund - Class II (MLVGA2)
2017		0.00% to 0.80%		157,091		19.45 to 18.15		2,935,969		1.16%		13.74% to 12.84%
2016		0.00% to 0.80%		177,260		17.10 to 16.09		2,925,866		1.12%		3.96% to 3.13%
2015		0.00% to 0.80%		206,322		16.45 to 15.60		3,290,547		1.01%		-0.87% to -1.66%
2014		0.00% to 0.80%		196,223		16.60 to 15.86		3,171,176		1.93%		1.97% to 1.15%
2013		0.00% to 0.80%		229,979		16.28 to 15.68		3,659,868		1.06%		14.55% to 13.64%
VIP Small Cap Value Series: Service Class (DWVSVS)
2017		0.50% to 0.80%		28,703		17.45 to 17.21		500,688		0.80%		11.20% to 10.87%
2016		0.50% to 0.80%		30,134		15.69 to 15.52		472,696		0.51%		30.43% to 30.04%
2015		0.50% to 0.80%		17,292		12.03 to 11.94		208,032		0.40%		-6.93% to -7.21%
2014		0.50% to 0.80%		32,825		12.93 to 12.86		424,330		0.21%		5.09% to 4.78%
2013		0.50% to 0.80%		4,859		12.30 to 12.28		59,770		0.00%		23.01% to 22.76%	****
VA Inflation-Protected Securities Portfolio (DFVIPS)
2017		0.50%		21,031		10.22		214,986		2.71%		2.75%
2016		0.50%		2,258		9.95		22,463		1.21%		-0.52%	****
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
2017		0.00% to 1.00%		67,811		40.57 to 34.69		2,549,012		0.65%		12.40% to 11.29%
2016		0.00% to 1.00%		81,367		36.10 to 31.17		2,725,441		0.84%		25.73% to 24.48%
2015		0.00% to 1.00%		75,934		28.71 to 25.04		2,033,512		0.71%		-2.33% to -3.30%
2014		0.00% to 1.00%		78,085		29.40 to 25.90		2,154,442		0.59%		5.12% to 4.08%
2013		0.00% to 1.30%		98,177		27.96 to 24.03		2,585,388		1.04%		40.71% to 38.90%
Stock Index Fund, Inc. - Initial Shares (DSIF)
2017		0.00% to 1.00%		746,832		58.22 to 21.12		48,222,612		1.70%		21.54% to 20.33%
2016		0.00% to 1.00%		823,181		47.90 to 17.55		44,003,898		2.01%		11.71% to 10.60%
2015		0.00% to 1.00%		896,681		42.88 to 15.87		43,486,411		1.81%		1.11% to 0.10%
2014		0.00% to 1.00%		986,251		42.41 to 15.86		47,380,837		1.74%		13.42% to 12.30%
2013		0.00% to 1.30%		1,090,770		37.39 to 43.10		46,315,443		1.83%		32.03% to 30.32%
Sustainable U.S. Equity Portfolio, Inc. - Initial Shares (DSRG)
2017		0.00% to 1.00%		140,984		41.26 to 14.10		7,221,620		1.15%		15.33% to 14.19%
2016		0.00% to 1.00%		151,270		35.77 to 12.35		6,723,873		1.30%		10.37% to 9.28%
2015		0.00% to 1.00%		164,369		32.41 to 11.30		6,674,816		1.07%		-3.19% to -4.16%
2014		0.00% to 1.00%		182,744		33.48 to 11.79		7,698,420		1.06%		13.45% to 12.32%
2013		0.00% to 1.00%		193,190		29.51 to 10.50		7,239,550		1.24%		34.34% to 33.01%
Appreciation Portfolio - Initial Shares (DCAP)
2017		0.00% to 1.00%		127,283		38.93 to 21.80		4,320,702		1.33%		27.33% to 26.07%
2016		0.00% to 1.00%		141,818		30.57 to 17.29		3,803,048		1.62%		7.90% to 6.83%
2015		0.00% to 1.00%		173,129		28.33 to 16.19		4,253,508		1.71%		-2.47% to -3.44%
2014		0.00% to 1.00%		191,958		29.05 to 16.77		4,872,602		1.84%		8.09% to 7.02%
2013		0.00% to 1.00%		212,115		26.87 to 15.67		5,025,341		1.94%		21.10% to 19.90%
Opportunistic Small Cap Portfolio - Initial Shares (DSC)
2017		0.00% to 0.80%		10,608		32.35 to 28.77		318,008		0.00%		24.68% to 23.69%
2016		0.00% to 0.80%		14,463		25.95 to 23.26		349,909		0.00%		17.07% to 16.14%
2015		0.00% to 0.80%		21,079		22.17 to 20.03		438,462		0.00%		-2.28% to -3.06%
2014		0.00% to 0.80%		14,106		22.68 to 20.66		301,521		0.00%		1.59% to 0.78%
2013		0.00% to 0.80%		28,819		22.33 to 20.50		608,716		0.00%		48.55% to 47.37%
Growth and Income Portfolio - Initial Shares (DGI)
2017		0.00% to 1.00%		47,631		37.71 to 21.18		1,559,084		0.74%		19.71% to 18.52%
2016		0.00% to 1.00%		51,914		31.50 to 17.87		1,428,081		1.20%		10.03% to 8.94%
2015		0.00% to 1.00%		58,822		28.63 to 16.40		1,482,509		0.85%		1.58% to 0.57%
2014		0.00% to 1.00%		63,074		28.18 to 16.31		1,571,310		0.78%		10.07% to 8.98%
2013		0.00% to 1.00%		70,468		25.61 to 14.96		1,588,414		0.91%		36.78% to 35.42%
Global Income Builder VIP - Class A (DSGIBA)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2017		0.50% to 0.80%		11,558		12.03 to 11.97		139,024		2.53%		15.96% to 15.61%
2016		0.50% to 0.80%		860		10.37 to 10.35		8,917		0.00%		3.73% to 3.53%	****
Managed Tail Risk Fund II - Primary Shares (FVCA2P)
2017		0.00% to 0.80%		7,176		18.30 to 16.27		127,321		1.63%		10.95% to 10.07%
2016		0.00% to 0.80%		9,131		16.49 to 14.79		145,161		1.73%		-4.20% to -4.96%
2015		0.00% to 0.80%		9,042		17.22 to 15.56		150,537		1.66%		-6.29% to -7.04%
2014		0.00% to 0.80%		9,062		18.37 to 16.73		161,462		1.69%		-0.97% to -1.76%
2013		0.00% to 0.80%		8,972		18.55 to 17.03		161,926		1.20%		16.45% to 15.52%
Quality Bond Fund II - Primary Shares (FQB)
2017		0.00% to 1.00%		61,307		19.97 to 17.08		1,117,231		3.34%		4.04% to 3.00%
2016		0.00% to 1.00%		63,907		19.20 to 16.58		1,124,378		3.69%		3.82% to 2.79%
2015		0.00% to 1.00%		68,829		18.49 to 16.13		1,173,728		3.79%		-0.24% to -1.24%
2014		0.00% to 1.00%		73,843		18.53 to 16.33		1,268,099		3.97%		3.79% to 2.76%
2013		0.00% to 1.00%		94,617		17.86 to 15.89		1,574,553		4.39%		1.03% to 0.03%
Equity-Income Portfolio - Initial Class (FEIP)
2017		0.00% to 1.00%		466,480		47.87 to 23.55		39,887,139		1.68%		12.89% to 11.77%
2016		0.00% to 1.00%		539,019		42.40 to 21.07		39,326,384		2.28%		18.02% to 16.85%
2015		0.00% to 1.00%		595,714		35.93 to 18.03		36,908,208		3.12%		-3.96% to -4.92%
2014		0.00% to 1.00%		676,970		37.41 to 18.97		42,709,270		2.74%		8.72% to 7.64%
2013		0.00% to 1.30%		767,539		34.41 to 62.44		44,229,210		2.48%		28.15% to 26.49%
High Income Portfolio - Initial Class (FHIP)
2017		0.00% to 1.00%		185,066		28.26 to 19.97		8,410,523		5.07%		6.93% to 5.87%
2016		0.00% to 1.00%		224,220		26.43 to 18.86		9,126,380		5.33%		14.61% to 13.47%
2015		0.00% to 1.00%		235,350		23.06 to 16.62		8,720,353		6.94%		-3.63% to -4.59%
2014		0.00% to 1.00%		206,870		23.93 to 17.42		7,050,000		5.30%		1.16% to 0.15%
2013		0.00% to 1.30%		257,480		23.66 to 44.13		8,390,545		5.55%		5.95% to 4.58%
VIP Real Estate Portfolio - Service Class (FRESS)
2017		0.50%		1,224		10.26		12,563		1.65%		2.64%	****
VIP Asset Manager Portfolio - Initial Class (FAMP)
2017		0.00% to 1.00%		250,426		38.13 to 18.90		10,927,217		1.86%		14.10% to 12.97%
2016		0.00% to 1.00%		267,459		33.42 to 16.73		10,302,811		1.43%		3.07% to 2.05%
2015		0.00% to 1.00%		303,941		32.42 to 16.39		11,344,348		1.54%		0.14% to -0.85%
2014		0.00% to 1.00%		333,655		32.37 to 16.53		12,509,516		1.47%		5.83% to 4.78%
2013		0.00% to 1.30%		354,922		30.59 to 44.61		12,697,109		1.55%		15.71% to 14.21%
VIP Energy Portfolio - Service Class 2 (FNRS2)
2017		0.00% to 0.80%		73,490		20.36 to 18.39		1,402,787		1.35%		-2.78% to -3.55%
2016		0.00% to 0.80%		89,056		20.94 to 19.07		1,756,109		0.48%		33.51% to 32.45%
2015		0.00% to 0.80%		111,198		15.68 to 14.40		1,651,280		0.96%		-20.75% to -21.38%
2014		0.00% to 0.80%		121,575		19.79 to 18.32		2,292,207		0.61%		-12.76% to -13.46%
2013		0.00% to 0.80%		123,779		22.68 to 21.16		2,685,617		0.70%		24.15% to 23.16%
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
2017		0.50% to 0.80%		21,611		19.83 to 19.09		427,518		1.44%		12.43% to 12.09%
2016		0.50% to 0.80%		22,599		17.63 to 17.03		397,112		1.40%		4.75% to 4.44%
2015		0.00% to 0.80%		22,917		17.76 to 16.30		385,505		1.55%		-0.31% to -1.11%
2014		0.00% to 0.80%		26,431		17.81 to 16.49		449,715		1.66%		4.35% to 3.52%
2013		0.00% to 0.80%		24,584		17.07 to 15.93		403,456		1.64%		13.39% to 12.49%
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
2017		0.00% to 0.80%		69,681		22.72 to 20.53		1,483,298		1.40%		16.47% to 15.55%
2016		0.00% to 0.80%		75,093		19.50 to 17.77		1,377,594		1.54%		6.04% to 5.20%
2015		0.00% to 0.80%		69,003		18.39 to 16.89		1,200,841		1.75%		-0.37% to -1.16%
2014		0.00% to 0.80%		69,148		18.46 to 17.09		1,214,914		1.64%		4.66% to 3.83%
2013		0.00% to 0.80%		69,351		17.64 to 16.46		1,169,016		1.67%		15.95% to 15.03%
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
2017		0.00% to 0.80%		59,078		24.71 to 22.33		1,363,847		1.31%		20.82% to 19.86%
2016		0.00% to 0.80%		59,883		20.45 to 18.63		1,148,392		1.37%		6.52% to 5.67%
2015		0.00% to 0.80%		61,621		19.20 to 17.63		1,114,587		1.58%		-0.34% to -1.13%
2014		0.00% to 0.80%		66,273		19.27 to 17.83		1,209,777		1.41%		4.86% to 4.03%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2013		0.00% to 0.80%		71,020		18.37 to 17.14		1,241,846		1.64%		21.50% to 20.53%
VIP Growth Portfolio - Initial Class (FGP)
2017		0.00% to 1.30%		755,698		53.51 to 92.70		68,542,895		0.22%		35.13% to 33.39%
2016		0.00% to 1.30%		811,760		39.60 to 69.49		55,021,457		0.04%		0.80% to -0.50%
2015		0.00% to 1.30%		913,368		39.28 to 69.84		60,469,835		0.26%		7.17% to 5.79%
2014		0.00% to 1.30%		1,018,407		36.65 to 66.02		62,138,806		0.18%		11.30% to 9.86%
2013		0.00% to 1.30%		1,096,597		32.93 to 60.09		60,779,481		0.29%		36.34% to 34.58%
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
2017		0.00% to 0.80%		124,747		18.13 to 16.12		2,118,770		2.35%		4.16% to 3.33%
2016		0.00% to 0.80%		128,902		17.40 to 15.60		2,108,236		2.33%		4.63% to 3.80%
2015		0.00% to 0.80%		131,784		16.63 to 15.03		2,067,703		2.49%		-0.71% to -1.50%
2014		0.00% to 0.80%		138,270		16.75 to 15.26		2,195,991		1.87%		5.75% to 4.91%
2013		0.00% to 0.80%		230,006		15.84 to 14.54		3,461,858		2.05%		-1.89% to -2.67%
VIP Mid Cap Portfolio - Service Class (FMCS)
2017		0.00% to 0.80%		131,865		58.10 to 51.67		7,125,231		0.61%		20.70% to 19.74%
2016		0.00% to 0.80%		147,825		48.14 to 43.15		6,647,729		0.41%		12.11% to 11.22%
2015		0.00% to 0.80%		170,775		42.94 to 38.80		6,883,920		0.37%		-1.50% to -2.28%
2014		0.00% to 0.80%		208,483		43.59 to 39.71		8,573,644		0.16%		6.20% to 5.35%
2013		0.00% to 0.80%		219,649		41.05 to 37.69		8,540,926		0.41%		36.06% to 34.98%
VIP Overseas Portfolio - Initial Class (FOP)
2017		0.00% to 1.00%		148,395		32.31 to 16.14		5,238,100		1.41%		30.28% to 28.99%
2016		0.00% to 1.00%		160,556		24.80 to 12.51		4,407,674		1.38%		-5.06% to -6.00%
2015		0.00% to 1.00%		178,655		26.12 to 13.31		5,235,161		1.30%		3.62% to 2.59%
2014		0.00% to 1.00%		200,573		25.21 to 12.97		5,559,225		1.27%		-8.08% to -8.99%
2013		0.00% to 1.30%		225,192		27.43 to 29.18		6,962,818		1.36%		30.44% to 28.75%
VIP Overseas Portfolio - Service Class (FOS)
2017		0.00% to 0.80%		362,521		11.67 to 11.43		4,171,244		1.34%		30.10% to 29.07%
2016		0.00% to 0.80%		373,222		8.97 to 8.85		3,318,292		1.32%		-5.12% to -5.88%
2015		0.00% to 0.80%		413,370		9.46 to 9.41		3,894,595		1.33%		-5.44% to -5.95%	****
VIP Value Strategies Portfolio - Service Class (FVSS)
2017		0.00% to 1.00%		28,520		33.70 to 28.81		890,352		1.40%		19.21% to 18.03%
2016		0.00% to 1.00%		31,103		28.27 to 24.41		818,990		1.01%		9.48% to 8.39%
2015		0.00% to 1.00%		33,099		25.82 to 22.52		799,651		0.97%		-3.05% to -4.02%
2014		0.00% to 1.00%		41,703		26.63 to 23.46		1,042,411		0.80%		6.69% to 5.63%
2013		0.00% to 1.00%		51,121		24.96 to 22.21		1,198,573		0.74%		30.44% to 29.15%
Franklin Income Securities Fund - Class 2 (FTVIS2)
2017		0.00% to 0.80%		80,926		19.99 to 18.21		1,530,849		4.10%		9.67% to 8.80%
2016		0.00% to 0.80%		82,298		18.22 to 16.73		1,426,153		4.97%		14.02% to 13.12%
2015		0.00% to 0.80%		108,195		15.98 to 14.79		1,650,291		4.53%		-7.05% to -7.79%
2014		0.00% to 0.80%		111,453		17.20 to 16.04		1,837,767		5.34%		4.62% to 3.78%
2013		0.00% to 0.80%		116,247		16.44 to 15.46		1,840,961		6.46%		13.94% to 13.03%
Rising Dividends Securities Fund - Class 1 (FTVRDI)
2017		0.00% to 0.80%		122,690		38.82 to 34.52		4,441,962		1.73%		20.85% to 19.89%
2016		0.00% to 0.80%		136,583		32.12 to 28.79		4,106,225		1.46%		16.33% to 15.40%
2015		0.00% to 0.80%		163,813		27.61 to 24.95		4,256,804		1.70%		-3.42% to -4.19%
2014		0.00% to 0.80%		173,632		28.59 to 26.04		4,695,586		1.58%		9.01% to 8.14%
2013		0.00% to 0.80%		188,022		26.23 to 24.08		4,682,773		1.83%		30.05% to 29.02%
Small Cap Value Securities Fund - Class 1 (FTVSVI)
2017		0.00% to 0.80%		61,407		49.13 to 43.69		2,806,943		0.72%		10.92% to 10.03%
2016		0.00% to 0.80%		66,556		44.29 to 39.71		2,756,142		1.05%		30.54% to 29.50%
2015		0.00% to 0.80%		71,379		33.93 to 30.66		2,275,705		0.90%		-7.18% to -7.92%
2014		0.00% to 0.80%		93,738		36.56 to 33.30		3,237,630		0.80%		0.88% to 0.08%
2013		0.00% to 0.80%		121,642		36.24 to 33.27		4,180,714		1.48%		36.50% to 35.42%
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
2017		0.00% to 0.80%		88,911		12.50 to 12.14		1,091,614		0.98%		40.41% to 39.29%
2016		0.00% to 0.80%		79,668		8.90 to 8.71		700,074		0.84%		17.44% to 16.51%
2015		0.00% to 0.80%		93,715		7.58 to 7.48		704,647		2.03%		-19.60% to -20.24%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2014		0.00% to 0.80%		95,621		9.43 to 9.38		898,626		1.52%		-5.71% to -6.21%	****
Templeton Foreign Securities Fund - Class 1 (TIF)
2017		0.00% to 0.80%		2,267		30.12 to 26.78		63,707		2.88%		17.02% to 16.09%
2016		0.00% to 0.80%		2,858		25.74 to 23.07		68,905		2.16%		7.49% to 6.64%
2015		0.00% to 0.80%		4,512		23.94 to 21.64		101,520		3.53%		-6.31% to -7.05%
2014		0.00% to 0.80%		6,283		25.56 to 23.28		151,324		2.00%		-10.89% to -11.60%
2013		0.00% to 0.80%		7,507		28.68 to 26.33		203,881		2.54%		23.27% to 22.29%
Templeton Foreign Securities Fund - Class 2 (TIF2)
2017		0.00% to 0.80%		109,184		10.22 to 9.92		1,096,058		2.60%		16.69% to 15.77%
2016		0.00% to 0.80%		113,377		8.75 to 8.57		979,882		2.05%		7.18% to 6.32%
2015		0.00% to 0.80%		125,579		8.17 to 8.06		1,017,460		3.28%		-6.49% to -7.24%
2014		0.00% to 0.80%		149,193		8.73 to 8.69		1,298,913		1.90%		-12.65% to -13.12%	****
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
2017		0.00% to 0.80%		209,021		10.13 to 9.83		2,081,175		0.00%		1.93% to 1.12%
2016		0.00% to 0.80%		209,199		9.94 to 9.73		2,052,183		0.00%		2.94% to 2.12%
2015		0.00% to 0.80%		218,739		9.65 to 9.52		2,094,948		7.79%		-4.30% to -5.07%
2014		0.00% to 0.80%		233,805		10.09 to 10.03		2,350,792		5.04%		0.86% to 0.32%	****
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
2017		0.00% to 0.80%		19,685		16.42 to 15.20		308,731		2.66%		11.98% to 11.09%
2016		0.00% to 0.80%		20,348		14.67 to 13.68		286,346		3.82%		13.18% to 12.28%
2015		0.00% to 0.80%		19,969		12.96 to 12.19		249,530		3.09%		-6.21% to -6.96%
2014		0.00% to 0.80%		15,708		13.82 to 13.10		210,388		2.91%		2.85% to 2.03%
2013		0.00% to 0.80%		11,864		13.43 to 12.84		156,427		11.80%		23.77% to 22.78%
VI American Franchise Fund - Series I Shares (ACEG)
2017		0.00% to 0.80%		5,178		20.26 to 19.36		103,592		0.14%		27.34% to 26.33%
2016		0.00% to 0.80%		5,163		15.91 to 15.33		81,470		0.00%		2.27% to 1.46%
2015		0.00% to 0.80%		4,318		15.56 to 15.11		66,675		0.00%		5.01% to 4.17%
2014		0.00% to 0.80%		4,951		14.82 to 14.50		72,889		0.06%		8.44% to 7.58%
2013		0.50% to 0.80%		1,827		13.55 to 13.48		24,712		0.38%		39.44% to 39.02%
VI Value Opportunities Fund - Series I Shares (AVBVI)
2017		0.00%		134		27.39		3,671		0.39%		17.44%
2016		0.00%		177		23.33		4,129		0.39%		18.34%
2015		0.00%		202		19.71		3,982		2.58%		-10.40%
2014		0.00%		242		22		5,324		1.34%		6.62%
2013		0.00%		306		20.63		6,314		0.67%		33.75%
VI Mid Cap Core Equity Fund - Series I Shares (AVMCCI)
2017		0.50% to 0.80%		1,815		16.46 to 16.18		29,862		0.91%		14.35% to 14.01%
2016		0.50%		61		14.39		878		0.08%		12.87%
2015		0.50%		66		12.75		842		0.10%		-4.51%
2014		0.50%		2,314		13.35		30,901		0.05%		3.91%
2013		0.50%		96		12.85		1,234		0.43%		28.17%
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
2017		0.00% to 0.80%		15,417		18.17 to 17.36		272,616		0.00%		22.49% to 21.52%
2016		0.00% to 0.80%		14,520		14.83 to 14.29		210,577		0.00%		0.76% to -0.04%
2015		0.00% to 0.80%		19,785		14.72 to 14.30		286,131		0.00%		1.21% to 0.40%
2014		0.00% to 0.80%		15,517		14.55 to 14.24		222,889		0.00%		8.04% to 7.18%
2013		0.00% to 0.80%		16,170		13.47 to 13.29		215,995		0.41%		37.01% to 35.92%
Balanced-Risk Allocation Fund - Series I Shares (IVBRA1)
2017		0.50% to 0.80%		12,123		11.94 to 11.81		144,625		3.66%		9.61% to 9.28%
2016		0.50% to 0.80%		14,594		10.90 to 10.81		158,770		0.45%		11.08% to 10.75%
2015		0.50% to 0.80%		11,752		9.81 to 9.76		115,139		4.50%		-4.58% to -4.86%
2014		0.50% to 0.80%		9,313		10.28 to 10.26		95,720		0.00%		2.80% to 2.59%	****
Balanced Portfolio: Service Shares (JABS)
2017		0.00% to 0.80%		51,867		32.91 to 29.27		1,600,886		1.35%		18.13% to 17.20%
2016		0.00% to 0.80%		50,939		27.86 to 24.98		1,331,153		1.77%		4.32% to 3.49%
2015		0.00% to 0.80%		53,702		26.71 to 24.13		1,352,277		1.59%		0.41% to -0.39%
2014		0.00% to 0.80%		64,331		26.60 to 24.23		1,620,148		1.53%		8.24% to 7.38%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2013		0.00% to 0.80%		64,527		24.57 to 22.56		1,508,607		2.03%		19.80% to 18.85%
Enterprise Portfolio: Institutional Shares (JAEI)
2017		0.50% to 0.80%		28,276		11.58 to 11.56		327,515		0.10%		15.84% to 15.61%	****
Forty Portfolio: Service Shares (JACAS)
2017		0.00% to 1.00%		182,867		26.08 to 22.83		4,402,317		0.00%		29.99% to 28.71%
2016		0.00% to 1.00%		208,603		20.06 to 17.74		3,870,367		0.86%		1.94% to 0.93%
2015		0.00% to 1.00%		253,113		19.68 to 17.57		4,619,185		1.23%		11.94% to 10.82%
2014		0.00% to 1.00%		229,302		17.58 to 15.86		3,758,983		0.03%		8.47% to 7.39%
2013		0.00% to 1.00%		269,822		16.21 to 14.76		4,093,835		0.57%		30.89% to 29.58%
Global Technology Portfolio: Service Shares (JAGTS)
2017		0.00% to 1.00%		232,997		16.46 to 14.46		3,543,074		0.46%		44.91% to 43.48%
2016		0.00% to 1.00%		207,330		11.36 to 10.08		2,195,276		0.09%		13.85% to 12.72%
2015		0.00% to 1.00%		232,405		9.98 to 8.94		2,165,381		0.76%		4.65% to 3.60%
2014		0.00% to 1.00%		194,190		9.54 to 8.63		1,736,575		0.00%		9.35% to 8.26%
2013		0.00% to 1.30%		239,301		8.72 to 7.30		1,964,320		0.00%		35.39% to 33.64%
Overseas Portfolio: Service Shares (JAIGS)
2017		0.00% to 1.00%		225,055		16.37 to 15.09		3,384,935		1.63%		30.80% to 29.51%
2016		0.00% to 1.00%		195,510		12.51 to 11.65		2,256,295		4.95%		-6.71% to -7.63%
2015		0.00% to 1.00%		218,855		13.41 to 12.61		2,722,803		0.50%		-8.80% to -9.71%
2014		0.00% to 1.00%		244,895		14.71 to 13.97		3,356,389		5.83%		-12.10% to -12.98%
2013		0.00% to 1.00%		301,550		16.73 to 16.05		4,726,223		3.03%		14.28% to 13.14%
Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)
2017		0.50% to 0.80%		118,292		10.36 to 10.31		1,225,894		2.50%		3.35% to 3.04%
2016		0.50% to 0.80%		112,746		10.03 to 10.01		1,130,586		2.61%		0.28% to 0.08%	****
Var Insurance Trust II - MFS Investors Growth Stock Portfolio - Initial Class (MV2IGI)
2017		0.00% to 0.80%		15,791		13.43 to 13.14		209,109		0.62%		28.42% to 27.41%
2016		0.00% to 0.80%		17,163		10.46 to 10.31		177,849		0.56%		6.08% to 5.23%
2015		0.00% to 0.80%		20,636		9.86 to 9.80		202,660		0.50%		-1.40% to -2.00%	****
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
2017		0.50% to 0.80%		6,868		17.87 to 17.57		122,166		0.00%		26.03% to 25.65%
2016		0.50% to 0.80%		7,478		14.18 to 13.98		105,666		0.00%		8.51% to 8.18%
2015		0.50% to 0.80%		10,222		13.07 to 12.93		133,187		0.00%		-2.37% to -2.67%
2014		0.50% to 0.80%		12,507		13.39 to 13.28		167,080		0.00%		-7.72% to -8.00%
2013		0.50% to 0.80%		21,574		14.51 to 14.43		312,770		0.00%		40.81% to 40.39%
Value Series - Initial Class (MVFIC)
2017		0.00% to 0.80%		92,663		42.40 to 37.70		3,670,156		1.93%		17.65% to 16.72%
2016		0.00% to 0.80%		91,711		36.04 to 32.30		3,099,974		2.28%		14.09% to 13.18%
2015		0.00% to 0.80%		87,843		31.59 to 28.54		2,615,480		2.35%		-0.74% to -1.53%
2014		0.00% to 0.80%		89,656		31.82 to 28.98		2,704,971		1.33%		10.51% to 9.63%
2013		0.00% to 0.80%		71,085		28.79 to 26.44		1,948,707		1.22%		35.89% to 34.80%
Core Plus Fixed Income Portfolio - Class I (MSVFI)
2017		0.00% to 0.80%		19,226		17.88 to 15.90		322,748		3.14%		6.24% to 5.40%
2016		0.00% to 0.80%		19,559		16.83 to 15.09		310,364		2.00%		6.11% to 5.27%
2015		0.00% to 0.80%		17,230		15.86 to 14.33		256,761		3.38%		-0.65% to -1.44%
2014		0.00% to 0.80%		19,453		15.97 to 14.54		293,831		3.24%		7.85% to 7.00%
2013		0.00% to 0.80%		18,667		14.80 to 13.59		266,846		3.97%		-0.32% to -1.11%
Emerging Markets Debt Portfolio - Class I (MSEM)
2017		0.00% to 1.00%		21,088		39.47 to 32.94		750,900		5.31%		9.71% to 8.62%
2016		0.00% to 1.00%		24,876		35.98 to 30.32		807,405		5.09%		10.55% to 9.46%
2015		0.00% to 1.00%		26,929		32.55 to 27.70		797,388		5.12%		-1.12% to -2.10%
2014		0.00% to 1.00%		29,799		32.91 to 28.30		902,014		5.45%		2.93% to 1.90%
2013		0.00% to 1.00%		42,545		31.98 to 27.77		1,245,833		3.76%		-8.75% to -9.66%
U.S. Real Estate Portfolio - Class I (MSVRE)
2017		0.00% to 1.00%		15,331		94.20 to 44.77		928,139		1.65%		3.11% to 2.09%
2016		0.00% to 1.00%		24,409		91.36 to 43.85		1,306,761		1.28%		6.81% to 5.75%
2015		0.00% to 1.00%		24,812		85.54 to 41.47		1,265,754		1.29%		2.17% to 1.15%
2014		0.00% to 1.00%		33,626		83.72 to 41.00		1,612,364		1.49%		29.72% to 28.43%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2013		0.00% to 1.00%		32,399		64.54 to 31.92		1,248,531		1.21%		2.05% to 1.04%
NVIT Investor Destinations Managed Growth Class I (IDPG)
2015		0.50%		15,862		9.69		153,660		1.71%		-4.19%
NVIT Bond Index Fund Class I (NVBX)
2017		0.50% to 0.80%		32,038		10.66 to 10.54		341,371		2.31%		2.61% to 2.30%
2016		0.50% to 0.80%		26,760		10.39 to 10.30		277,923		3.30%		1.75% to 1.45%
2015		0.50% to 0.80%		7,825		10.21 to 10.16		79,833		2.52%		-0.36% to -0.66%
2014		0.50% to 0.80%		4,180		10.24 to 10.22		42,818		3.72%		2.44% to 2.23%	****
NVIT International Index Fund Class I (NVIX)
2017		0.50% to 0.80%		15,087		11.27 to 11.15		170,046		2.97%		24.26% to 23.89%
2016		0.50% to 0.80%		9,992		9.07 to 9.00		90,618		2.85%		0.42% to 0.12%
2015		0.50% to 0.80%		9,872		9.03 to 8.99		89,175		3.18%		-1.45% to -1.75%
2014		0.50% to 0.80%		453		9.17 to 9.15		4,145		2.22%		-8.32% to -8.50%	****
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2017		0.00% to 1.00%		242,343		30.75 to 28.20		7,133,678		1.65%		8.67% to 7.60%
2016		0.00% to 1.00%		272,934		28.30 to 26.21		7,423,230		2.36%		20.44% to 19.24%
2015		0.00% to 1.00%		298,423		23.50 to 21.98		6,774,869		2.35%		-4.28% to -5.23%
2014		0.00% to 1.00%		340,738		24.55 to 23.19		8,123,560		2.00%		13.12% to 11.99%
2013		0.00% to 1.00%		372,043		21.70 to 20.71		7,885,955		1.83%		31.90% to 30.59%
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
2017		0.00% to 0.80%		167,513		20.96 to 19.09		3,314,114		1.11%		15.79% to 14.87%
2016		0.00% to 0.80%		155,432		18.10 to 16.62		2,667,662		1.82%		9.00% to 8.13%
2015		0.00% to 0.80%		183,408		16.61 to 15.37		2,903,027		1.47%		0.98% to 0.18%
2014		0.00% to 0.80%		156,967		16.44 to 15.34		2,472,224		0.94%		4.99% to 4.15%
2013		0.00% to 0.80%		124,360		15.66 to 14.73		1,875,914		1.34%		23.28% to 22.30%
American Funds NVIT Bond Fund - Class II (GVABD2)
2017		0.00% to 0.80%		36,204		13.95 to 12.71		475,057		1.25%		3.21% to 2.39%
2016		0.00% to 0.80%		34,254		13.52 to 12.41		437,719		2.37%		2.65% to 1.83%
2015		0.00% to 0.80%		54,192		13.17 to 12.19		678,526		1.34%		-0.23% to -1.03%
2014		0.00% to 0.80%		61,439		13.20 to 12.31		775,210		1.15%		4.98% to 4.14%
2013		0.00% to 0.80%		71,177		12.57 to 11.82		860,061		1.73%		-2.57% to -3.35%
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
2017		0.00% to 0.80%		83,933		24.32 to 22.15		1,926,332		0.75%		30.97% to 29.93%
2016		0.00% to 0.80%		85,535		18.57 to 17.05		1,506,034		1.48%		0.19% to -0.61%
2015		0.00% to 0.80%		92,179		18.53 to 17.15		1,626,725		0.65%		6.54% to 5.69%
2014		0.00% to 0.80%		94,935		17.39 to 16.23		1,580,636		0.68%		1.84% to 1.02%
2013		0.00% to 0.80%		101,666		17.08 to 16.06		1,670,047		0.38%		28.64% to 27.62%
American Funds NVIT Growth Fund - Class II (GVAGR2)
2017		0.00% to 0.80%		105,299		24.67 to 22.48		2,453,066		0.32%		27.80% to 26.78%
2016		0.00% to 0.80%		106,152		19.31 to 17.73		1,944,191		0.22%		9.06% to 8.20%
2015		0.00% to 0.80%		107,876		17.70 to 16.38		1,820,079		0.72%		6.43% to 5.58%
2014		0.00% to 0.80%		112,791		16.63 to 15.52		1,796,736		0.44%		8.07% to 7.21%
2013		0.00% to 0.80%		131,148		15.39 to 14.48		1,941,961		0.33%		29.61% to 28.58%
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
2017		0.00% to 0.80%		41,029		20.41 to 18.74		793,352		1.43%		21.93% to 20.96%
2016		0.00% to 0.80%		39,316		16.74 to 15.49		626,938		1.07%		11.09% to 10.20%
2015		0.00% to 0.80%		57,553		15.07 to 14.06		830,178		0.82%		1.09% to 0.28%
2014		0.00% to 0.80%		77,509		14.91 to 14.02		1,111,476		0.81%		10.23% to 9.35%
2013		0.00% to 0.80%		74,243		13.52 to 12.82		971,012		1.03%		32.97% to 31.91%
Federated NVIT High Income Bond Fund - Class I (HIBF)
2017		0.00% to 0.80%		42,491		26.36 to 23.44		1,055,829		5.44%		6.76% to 5.91%
2016		0.00% to 0.80%		43,780		24.69 to 22.14		1,022,587		5.54%		14.16% to 13.25%
2015		0.00% to 0.80%		47,324		21.63 to 19.55		971,516		4.79%		-2.61% to -3.38%
2014		0.00% to 0.80%		62,280		22.21 to 20.23		1,320,699		5.49%		2.55% to 1.73%
2013		0.00% to 0.80%		5,235		21.66 to 19.89		110,398		6.61%		7.07% to 6.22%
NVIT Emerging Markets Fund - Class I (GEM)
2017		0.00% to 1.00%		68,842		32.79 to 27.18		2,073,082		1.36%		41.50% to 40.10%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2016		0.00% to 1.00%		91,423		23.17 to 19.40		1,932,364		0.80%		7.72% to 6.65%
2015		0.00% to 1.00%		108,444		21.51 to 18.19		2,147,413		0.83%		-15.99% to -16.83%
2014		0.00% to 1.00%		115,025		25.61 to 21.88		2,726,162		1.27%		-5.51% to -6.45%
2013		0.00% to 1.00%		34,669		27.10 to 23.38		844,371		1.13%		0.75% to -0.26%
NVIT International Equity Fund - Class I (GIG)
2017		0.00% to 1.00%		215,863		20.65 to 17.47		4,102,288		1.71%		27.45% to 26.19%
2016		0.00% to 1.00%		224,251		16.20 to 13.84		3,355,953		2.13%		0.87% to -0.13%
2015		0.00% to 1.00%		249,338		16.06 to 13.86		3,717,354		0.49%		-3.06% to -4.02%
2014		0.00% to 1.00%		279,704		16.57 to 14.44		4,319,964		2.89%		-0.45% to -1.44%
2013		0.00% to 1.00%		43,387		16.64 to 14.65		679,396		0.54%		17.83% to 16.66%
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
2017		0.00% to 1.00%		756,649		20.37 to 18.50		14,680,128		0.52%		24.85% to 23.62%
2016		0.00% to 1.00%		863,456		16.32 to 14.96		13,476,214		0.79%		13.60% to 12.47%
2015		0.00% to 1.00%		955,017		14.36 to 13.30		13,189,436		0.77%		-1.08% to -2.06%
2014		0.00% to 1.00%		1,044,467		14.52 to 13.58		14,654,852		0.88%		6.60% to 5.54%
2013		0.00% to 1.00%		1,179,010		13.62 to 12.87		15,594,821		1.04%		43.82% to 42.39%
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
2017		0.50% to 0.80%		6,327		20.64 to 20.05		130,409		0.66%		18.03% to 17.68%
2016		0.50% to 0.80%		6,268		17.49 to 17.04		109,301		0.79%		9.56% to 9.24%
2015		0.50% to 0.80%		6,966		15.96 to 15.60		110,884		0.85%		-0.82% to -1.12%
2014		0.50% to 0.80%		8,636		16.09 to 15.78		138,728		0.95%		10.05% to 9.72%
2013		0.50% to 0.80%		9,336		14.62 to 14.38		136,295		0.94%		38.07% to 37.66%
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
2017		0.50% to 0.80%		16,962		17.18 to 16.68		289,247		1.33%		19.40% to 19.04%
2016		0.50% to 0.80%		18,151		14.39 to 14.02		259,413		2.39%		7.79% to 7.46%
2015		0.50% to 0.80%		23,044		13.35 to 13.04		306,120		2.71%		-2.07% to -2.36%
2014		0.50% to 0.80%		23,915		13.63 to 13.36		324,208		2.11%		3.95% to 3.64%
2013		0.50% to 0.80%		26,454		13.11 to 12.89		345,034		1.50%		29.00% to 28.62%
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
2017		0.00% to 0.80%		27,823		16.43 to 15.21		434,939		1.69%		12.01% to 11.12%
2016		0.00% to 0.80%		28,761		14.67 to 13.69		402,841		2.14%		6.28% to 5.44%
2015		0.00% to 0.80%		55,893		13.80 to 12.98		741,335		3.15%		-1.05% to -1.84%
2014		0.00% to 0.80%		29,487		13.95 to 13.22		396,731		2.23%		4.46% to 3.63%
2013		0.00% to 0.80%		33,453		13.35 to 12.76		432,965		2.05%		14.72% to 13.80%
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
2017		0.00% to 0.80%		38,759		17.46 to 16.16		642,465		1.70%		16.01% to 15.09%
2016		0.00% to 0.80%		43,344		15.05 to 14.04		622,243		2.74%		7.32% to 6.47%
2015		0.00% to 0.80%		47,510		14.02 to 13.19		639,066		3.01%		-1.15% to -1.93%
2014		0.00% to 0.80%		57,074		14.18 to 13.45		781,124		2.46%		4.70% to 3.87%
2013		0.00% to 0.80%		61,151		13.55 to 12.95		803,619		1.94%		21.44% to 20.48%
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
2017		0.00% to 0.80%		3,451		14.53 to 13.45		47,573		1.80%		6.35% to 5.51%
2016		0.00% to 0.80%		4,802		13.66 to 12.75		62,669		2.70%		4.81% to 3.98%
2015		0.00% to 0.80%		3,650		13.03 to 12.26		45,654		1.72%		-0.65% to -1.44%
2014		0.00% to 0.80%		9,727		13.12 to 12.44		123,320		0.27%		3.42% to 2.60%
2013		0.00% to 0.80%		122,213		12.69 to 12.12		1,506,412		1.85%		5.03% to 4.19%
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
2017		0.00% to 0.80%		67,973		16.98 to 15.71		1,100,188		1.86%		14.05% to 13.15%
2016		0.00% to 0.80%		72,436		14.89 to 13.89		1,032,119		2.68%		6.82% to 5.97%
2015		0.00% to 0.80%		92,343		13.94 to 13.11		1,238,000		3.00%		-0.98% to -1.76%
2014		0.00% to 0.80%		88,472		14.07 to 13.34		1,202,982		2.49%		4.66% to 3.82%
2013		0.00% to 0.80%		91,749		13.45 to 12.85		1,197,382		1.72%		17.98% to 17.04%
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
2017		0.50% to 0.80%		45,884		16.88 to 16.40		770,712		1.49%		17.57% to 17.22%
2016		0.50% to 0.80%		51,262		14.36 to 13.99		732,839		2.73%		7.15% to 6.83%
2015		0.50% to 0.80%		53,137		13.40 to 13.09		709,071		3.02%		-1.92% to -2.21%
2014		0.50% to 0.80%		52,799		13.66 to 13.39		718,134		2.60%		4.14% to 3.82%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2013		0.50% to 0.80%		51,690		13.12 to 12.90		674,948		1.59%		23.74% to 23.36%
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
2017		0.00% to 0.80%		9,549		15.87 to 14.69		145,951		2.03%		10.08% to 9.20%
2016		0.00% to 0.80%		9,928		14.41 to 13.45		138,384		2.49%		5.99% to 5.15%
2015		0.00% to 0.80%		13,838		13.60 to 12.79		182,273		2.15%		-0.88% to -1.67%
2014		0.00% to 0.80%		22,655		13.72 to 13.01		304,493		2.34%		4.17% to 3.34%
2013		0.00% to 0.80%		26,062		13.17 to 12.59		337,294		1.72%		11.33% to 10.44%
NVIT Core Bond Fund - Class I (NVCBD1)
2017		0.00% to 1.00%		40,570		14.97 to 13.59		571,546		3.08%		4.40% to 3.36%
2016		0.00% to 1.00%		40,956		14.34 to 13.15		554,426		3.20%		5.35% to 4.30%
2015		0.00% to 1.00%		39,308		13.61 to 12.61		507,356		2.98%		-0.72% to -1.71%
2014		0.00% to 1.00%		39,970		13.71 to 12.82		523,470		2.56%		5.06% to 4.01%
2013		0.00% to 1.00%		45,475		13.05 to 12.33		570,086		2.58%		-1.91% to -2.89%
NVIT Core Plus Bond Fund - Class I (NVLCP1)
2017		0.50% to 0.80%		9,013		15.17 to 14.74		136,454		2.81%		3.43% to 3.12%
2016		0.50% to 0.80%		8,474		14.67 to 14.29		123,986		3.07%		3.18% to 2.87%
2015		0.50% to 0.80%		8,359		14.22 to 13.90		118,454		1.50%		-0.81% to -1.11%
2014		0.50% to 0.80%		14,705		14.34 to 14.05		210,486		2.44%		4.57% to 4.25%
2013		0.50% to 0.80%		11,879		13.71 to 13.48		162,586		2.06%		-2.26% to -2.56%
NVIT Nationwide Fund - Class I (TRF)
2017		0.00% to 1.00%		671,385		47.17 to 20.42		53,824,370		1.01%		20.52% to 19.33%
2016		0.00% to 1.00%		729,684		39.13 to 17.11		48,596,567		1.42%		11.39% to 10.28%
2015		0.00% to 1.00%		794,468		35.13 to 15.51		47,598,621		1.20%		0.94% to -0.07%
2014		0.00% to 1.00%		877,892		34.81 to 15.53		51,525,804		1.16%		12.15% to 11.03%
2013		0.00% to 1.00%		968,562		31.04 to 13.98		50,240,792		1.32%		31.10% to 29.80%
NVIT Government Bond Fund - Class I (GBF)
2017		0.00% to 1.00%		152,318		26.54 to 16.73		5,131,497		2.09%		2.08% to 1.07%
2016		0.00% to 1.00%		162,381		25.99 to 16.56		5,391,995		1.91%		0.74% to -0.26%
2015		0.00% to 1.00%		172,237		25.80 to 16.60		5,705,897		1.69%		-0.11% to -1.10%
2014		0.00% to 1.00%		191,939		25.83 to 16.78		6,328,719		1.97%		4.57% to 3.53%
2013		0.00% to 1.00%		215,753		24.70 to 16.21		6,764,036		1.81%		-4.06% to -5.01%
NVIT International Index Fund - Class II (GVIX2)
2017		0.00% to 0.80%		43,094		11.57 to 11.23		492,701		2.84%		24.56% to 23.57%
2016		0.00% to 0.80%		39,877		9.29 to 9.09		366,767		2.44%		0.75% to -0.05%
2015		0.00% to 0.80%		42,885		9.22 to 9.09		392,938		2.09%		-1.26% to -2.04%
2014		0.00% to 0.80%		43,094		9.33 to 9.28		401,282		1.63%		-6.67% to -7.18%	****
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
2017		0.00% to 1.00%		168,506		29.44 to 25.10		4,766,931		1.55%		18.43% to 17.25%
2016		0.00% to 1.00%		178,815		24.86 to 21.41		4,269,510		1.88%		9.47% to 8.38%
2015		0.00% to 1.00%		94,671		22.71 to 19.75		1,994,621		1.39%		-1.00% to -1.98%
2014		0.00% to 1.00%		102,677		22.94 to 20.15		2,198,277		1.55%		4.99% to 3.94%
2013		0.00% to 1.00%		116,767		21.85 to 19.39		2,392,810		1.68%		27.25% to 25.98%
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
2017		0.00% to 0.80%		26,678		19.73 to 18.41		515,537		1.86%		11.13% to 10.25%
2016		0.00% to 0.80%		27,043		17.76 to 16.70		471,395		2.06%		6.30% to 5.46%
2015		0.00% to 0.80%		21,278		16.70 to 15.84		351,472		1.70%		-0.17% to -0.97%
2014		0.00% to 0.80%		21,450		16.73 to 15.99		355,428		3.02%		4.59% to 3.75%
2013		0.50% to 0.80%		6,895		15.63 to 15.41		107,429		1.71%		12.86% to 12.52%
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
2017		0.50% to 0.80%		5,406		22.52 to 21.94		120,959		1.77%		14.24% to 13.90%
2016		0.50% to 0.80%		4,804		19.71 to 19.27		94,050		1.77%		7.20% to 6.88%
2015		0.00% to 0.80%		5,282		19.01 to 18.03		96,696		1.47%		-0.53% to -1.32%
2014		0.00% to 0.80%		5,824		19.11 to 18.27		107,625		1.50%		5.21% to 4.37%
2013		0.00% to 0.80%		7,635		18.17 to 17.50		134,905		1.88%		19.49% to 18.54%
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2017		0.00% to 1.00%		19,082		18.55 to 15.82		318,808		1.81%		5.68% to 4.63%
2016		0.00% to 1.00%		25,228		17.55 to 15.12		398,511		1.66%		4.26% to 3.23%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2015		0.00% to 1.00%		29,949		16.83 to 14.64		459,878		1.61%		0.26% to -0.73%
2014		0.00% to 1.00%		36,129		16.79 to 14.75		554,727		1.78%		3.89% to 2.86%
2013		0.00% to 1.00%		38,417		16.16 to 14.34		578,043		1.58%		4.83% to 3.79%
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
2017		0.00% to 1.00%		148,608		24.77 to 21.13		3,435,765		1.70%		12.93% to 11.81%
2016		0.00% to 1.00%		170,563		21.94 to 18.89		3,506,812		1.89%		7.14% to 6.08%
2015		0.00% to 1.00%		176,900		20.47 to 17.81		3,400,620		1.44%		-0.33% to -1.33%
2014		0.00% to 1.00%		224,416		20.54 to 18.05		4,362,478		1.65%		5.18% to 4.13%
2013		0.00% to 1.00%		257,540		19.53 to 17.33		4,775,220		1.61%		16.63% to 15.47%
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2017		0.00% to 1.00%		218,723		27.78 to 23.69		5,613,886		1.65%		16.68% to 15.52%
2016		0.00% to 1.00%		231,771		23.81 to 20.51		5,118,855		1.80%		8.48% to 7.40%
2015		0.00% to 1.00%		243,227		21.95 to 19.09		4,972,297		1.49%		-0.73% to -1.72%
2014		0.00% to 1.00%		256,991		22.11 to 19.43		5,313,970		1.70%		4.96% to 3.91%
2013		0.00% to 1.00%		270,794		21.07 to 18.70		5,355,926		1.63%		22.38% to 21.16%
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
2017		0.00% to 1.00%		55,080		21.91 to 18.69		1,079,258		1.83%		9.21% to 8.13%
2016		0.00% to 1.00%		60,451		20.07 to 17.28		1,093,389		0.85%		5.70% to 4.65%
2015		0.00% to 1.00%		202,821		18.98 to 16.51		3,565,318		1.67%		-0.03% to -1.03%
2014		0.00% to 1.00%		202,459		18.99 to 16.69		3,576,769		1.81%		4.74% to 3.70%
2013		0.00% to 1.00%		194,912		18.13 to 16.09		3,309,421		1.73%		10.49% to 9.40%
NVIT Mid Cap Index Fund - Class I (MCIF)
2017		0.00% to 1.00%		164,251		45.03 to 34.40		6,682,167		1.07%		15.78% to 14.63%
2016		0.00% to 1.00%		179,792		38.89 to 30.01		6,345,221		1.24%		20.29% to 19.10%
2015		0.00% to 1.00%		206,498		32.33 to 25.20		6,121,644		1.16%		-2.53% to -3.50%
2014		0.00% to 1.00%		205,415		33.18 to 26.11		6,248,126		1.07%		9.42% to 8.33%
2013		0.00% to 1.00%		221,987		30.32 to 24.10		6,194,520		1.14%		33.05% to 31.72%
NVIT Money Market Fund - Class I (SAM)
2017		0.00% to 1.00%		864,884		15.62 to 10.47		14,221,396		0.42%		0.42% to -0.58%
2016		0.00% to 1.00%		877,192		15.56 to 10.53		14,375,389		0.01%		0.01% to -0.99%
2015		0.00% to 1.00%		921,079		15.55 to 10.64		15,241,791		0.00%		0.00% to -1.00%
2014		0.00% to 1.00%		1,080,345		15.55 to 10.75		18,082,273		0.00%		0.00% to -1.00%
2013		0.00% to 1.30%		1,110,278		15.55 to 15.03		18,620,052		0.00%		0.00% to -1.30%
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
2017		0.00% to 1.00%		361,678		12.00 to 11.57		4,254,334		1.24%		25.77% to 24.52%
2016		0.00% to 1.00%		384,493		9.54 to 9.29		3,615,029		1.42%		-2.12% to -3.09%
2015		0.00% to 1.00%		432,427		9.75 to 9.58		4,177,238		0.72%		-0.49% to -1.48%
2014		0.00% to 1.00%		446,203		9.80 to 9.73		4,354,649		1.06%		-2.04% to -2.71%	****
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
2017		0.00% to 0.80%		23,893		23.29 to 20.71		519,830		2.72%		22.92% to 21.95%
2016		0.00% to 0.80%		24,448		18.94 to 16.98		434,490		2.71%		5.23% to 4.39%
2015		0.00% to 0.80%		33,454		18.00 to 16.27		567,297		1.27%		-5.12% to -5.88%
2014		0.00% to 0.80%		28,978		18.97 to 17.28		520,425		3.04%		-9.46% to -10.19%
2013		0.00% to 0.80%		7,825		20.96 to 19.24		155,241		2.32%		21.41% to 20.44%
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
2017		0.00% to 1.00%		109,863		22.07 to 20.04		2,320,296		0.39%		30.20% to 28.91%
2016		0.00% to 1.00%		94,633		16.95 to 15.55		1,542,909		0.77%		2.19% to 1.18%
2015		0.00% to 1.00%		114,835		16.59 to 15.36		1,833,853		0.39%		3.43% to 2.41%
2014		0.00% to 1.00%		138,850		16.04 to 15.00		2,154,180		0.50%		10.44% to 9.34%
2013		0.00% to 1.00%		147,302		14.52 to 13.72		2,082,599		0.82%		34.74% to 33.40%
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
2017		0.00% to 1.00%		78,317		19.65 to 20.88		1,475,573		1.46%		14.54% to 13.40%
2016		0.00% to 1.00%		85,015		17.16 to 18.41		1,404,874		1.86%		16.35% to 15.20%
2015		0.00% to 1.00%		87,462		14.75 to 15.98		1,246,881		1.22%		-3.15% to -4.11%
2014		0.00% to 1.00%		90,319		15.23 to 16.67		1,335,836		1.15%		10.52% to 9.42%
2013		0.00% to 1.00%		113,081		13.78 to 15.23		1,519,433		1.39%		35.44% to 34.09%
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2017		0.00% to 1.00%		1,519,236		21.86 to 19.85		31,552,027		0.00%		27.74% to 26.47%
2016		0.00% to 1.00%		1,640,505		17.11 to 15.69		26,796,168		0.00%		6.47% to 5.41%
2015		0.00% to 1.00%		1,797,627		16.07 to 14.89		27,722,591		0.00%		-0.18% to -1.18%
2014		0.00% to 1.00%		1,938,492		16.10 to 15.06		30,094,977		0.00%		4.04% to 3.00%
2013		0.00% to 1.00%		2,115,910		15.48 to 14.63		31,738,191		0.00%		38.94% to 37.56%
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2017		0.00% to 1.00%		1,021,315		24.74 to 22.46		23,998,311		1.10%		13.84% to 12.71%
2016		0.00% to 1.00%		1,131,548		21.73 to 19.93		23,469,232		1.39%		17.59% to 16.43%
2015		0.00% to 1.00%		1,226,871		18.48 to 17.12		21,751,539		1.18%		-2.89% to -3.85%
2014		0.00% to 1.00%		1,308,006		19.03 to 17.80		24,001,681		1.35%		17.02% to 15.86%
2013		0.00% to 1.00%		1,463,947		16.26 to 15.37		23,074,785		1.18%		35.68% to 34.33%
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
2017		0.00% to 1.00%		120,593		17.58 to 14.75		1,954,581		0.00%		24.92% to 23.69%
2016		0.00% to 1.00%		100,290		14.07 to 11.93		1,310,408		0.00%		8.30% to 7.23%
2015		0.00% to 1.00%		125,888		12.99 to 11.12		1,521,010		0.00%		0.76% to -0.25%
2014		0.00% to 1.00%		117,263		12.90 to 11.15		1,408,111		0.00%		2.81% to 1.79%
2013		0.00% to 1.00%		176,232		12.54 to 10.96		2,019,914		0.00%		44.29% to 42.85%
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
2017		0.00% to 1.00%		99,474		56.90 to 37.95		5,113,152		0.50%		9.06% to 7.98%
2016		0.00% to 1.00%		109,672		52.17 to 35.15		5,176,534		0.63%		25.93% to 24.68%
2015		0.00% to 1.00%		132,480		41.43 to 28.19		5,020,735		0.70%		-6.02% to -6.96%
2014		0.00% to 1.00%		139,264		44.08 to 30.30		5,624,222		0.52%		7.02% to 5.96%
2013		0.00% to 1.30%		163,575		41.19 to 33.60		6,164,091		0.82%		40.40% to 38.59%
NVIT Multi-Manager Small Company Fund - Class I (SCF)
2017		0.00% to 1.00%		214,361		72.17 to 30.49		17,201,685		0.00%		13.49% to 12.36%
2016		0.00% to 1.00%		234,265		63.59 to 27.14		16,590,872		0.32%		22.83% to 21.61%
2015		0.00% to 1.00%		259,198		51.77 to 22.31		14,987,603		0.36%		-1.63% to -2.61%
2014		0.00% to 1.00%		295,850		52.63 to 22.91		17,405,208		0.16%		0.82% to -0.19%
2013		0.00% to 1.00%		344,129		52.20 to 22.96		20,232,379		0.14%		40.91% to 39.51%
NVIT Multi-Sector Bond Fund - Class I (MSBF)
2017		0.00% to 1.00%		55,882		24.37 to 20.01		1,223,470		4.69%		6.33% to 5.28%
2016		0.00% to 1.00%		61,373		22.92 to 19.01		1,266,470		3.44%		8.65% to 7.57%
2015		0.00% to 1.00%		54,232		21.09 to 17.67		1,044,414		1.94%		-2.89% to -3.86%
2014		0.00% to 1.00%		58,597		21.72 to 18.38		1,168,785		3.15%		3.88% to 2.85%
2013		0.00% to 1.00%		76,689		20.91 to 17.87		1,472,920		2.58%		-1.12% to -2.11%
NVIT Short Term Bond Fund - Class II (NVSTB2)
2017		0.00% to 0.80%		12,529		11.94 to 11.05		142,083		0.97%		1.58% to 0.77%
2016		0.00% to 0.80%		47,202		11.75 to 10.97		530,814		1.62%		2.49% to 1.68%
2015		0.00% to 0.80%		49,153		11.47 to 10.79		541,895		1.45%		-0.34% to -1.14%
2014		0.00% to 0.80%		51,526		11.51 to 10.91		573,245		0.95%		0.49% to -0.31%
2013		0.00% to 0.80%		52,481		11.45 to 10.94		584,007		1.47%		0.11% to -0.69%
NVIT Large Cap Growth Fund - Class I (NVOLG1)
2017		0.00% to 1.00%		2,100,265		34.00 to 31.18		68,357,815		0.48%		27.31% to 26.05%
2016		0.00% to 1.00%		2,278,396		26.71 to 24.74		58,514,918		0.78%		3.63% to 2.60%
2015		0.00% to 1.00%		2,025,618		25.77 to 24.11		50,524,523		0.62%		5.09% to 4.05%
2014		0.00% to 1.00%		2,236,695		24.52 to 23.17		53,332,403		0.71%		8.80% to 7.72%
2013		0.00% to 1.30%		2,458,573		22.54 to 21.21		54,111,188		0.78%		36.70% to 34.94%
Templeton NVIT International Value Fund - Class III (NVTIV3)
2017		0.00% to 0.80%		9,211		19.09 to 17.81		167,725		1.94%		22.72% to 21.74%
2016		0.00% to 0.80%		12,087		15.56 to 14.63		180,281		2.15%		1.12% to 0.31%
2015		0.00% to 0.80%		11,997		15.39 to 14.59		177,741		2.04%		-3.90% to -4.67%
2014		0.00% to 0.80%		11,222		16.01 to 15.30		174,171		3.71%		-8.15% to -8.88%
2013		0.00% to 0.80%		10,518		17.43 to 16.79		178,960		2.50%		20.09% to 19.14%
Invesco NVIT Comstock Value Fund - Class I (EIF)
2017		0.00% to 0.80%		23,350		36.84 to 32.76		797,191		3.06%		18.00% to 17.06%
2016		0.00% to 0.80%		24,904		31.22 to 27.99		724,027		2.66%		17.89% to 16.95%
2015		0.00% to 0.80%		32,104		26.48 to 23.93		796,114		1.53%		-6.30% to -7.05%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2014		0.00% to 0.80%		31,499		28.27 to 25.75		837,977		1.72%		9.17% to 8.30%
2013		0.00% to 0.80%		30,815		25.89 to 23.77		754,060		0.00%		35.64% to 34.56%
NVIT Real Estate Fund - Class I (NVRE1)
2017		0.00% to 1.00%		457,730		17.04 to 15.47		7,443,201		2.12%		6.50% to 5.44%
2016		0.00% to 1.00%		554,264		16.00 to 14.67		8,464,819		1.99%		7.35% to 6.28%
2015		0.00% to 1.00%		624,463		14.91 to 13.81		8,931,249		2.62%		-5.36% to -6.30%
2014		0.00% to 1.00%		716,177		15.75 to 14.73		10,879,790		3.09%		28.88% to 27.60%
2013		0.00% to 1.00%		669,846		12.22 to 11.55		7,950,686		1.43%		3.05% to 2.02%
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
2017		0.50% to 0.80%		9,953		14.74 to 14.54		146,561		1.90%		17.39% to 17.04%
2016		0.50% to 0.80%		8,185		12.56 to 12.42		102,664		3.28%		10.99% to 10.65%
2015		0.50%		100		11.32		1,132		1.18%		-3.49%
2014		0.50%		627		11.72		7,351		1.84%		2.82%
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
2017		0.50%		9,568		13.7		131,104		3.86%		13.43%
2016		0.50%		898		12.08		10,847		1.48%		8.42%
2015		0.50%		878		11.14		9,782		1.90%		-2.19%
NVIT Small Cap Index Fund Class II (NVSIX2)
2017		0.50% to 0.80%		12,110		17.00 to 16.77		205,545		0.86%		13.61% to 13.27%
2016		0.50% to 0.80%		11,412		14.96 to 14.80		170,575		1.34%		20.27% to 19.91%
2015		0.50% to 0.80%		9,242		12.44 to 12.34		114,888		1.14%		-5.36% to -5.64%
2014		0.50% to 0.80%		4,685		13.15 to 13.08		61,540		0.64%		4.03% to 3.72%
2013		0.50% to 0.80%		4,191		12.64 to 12.61		52,946		1.91%		26.38% to 26.12%	****
NVIT S&P 500 Index Fund Class I (GVEX1)
2017		0.50% to 0.80%		176,586		18.00 to 17.75		3,175,911		1.83%		20.92% to 20.56%
2016		0.50% to 0.80%		189,315		14.88 to 14.72		2,815,915		2.11%		11.11% to 10.78%
2015		0.50% to 0.80%		165,957		13.39 to 13.29		2,221,989		1.84%		0.66% to 0.36%
2014		0.50% to 0.80%		164,565		13.31 to 13.24		2,189,443		3.30%		12.80% to 12.46%
2013		0.50% to 0.80%		82,752		11.80 to 11.77		976,157		2.98%		17.96% to 17.73%	****
Short Duration Bond Portfolio - I Class Shares (AMTB)
2017		0.00% to 1.00%		86,654		18.60 to 12.67		1,774,339		1.44%		0.89% to -0.11%
2016		0.00% to 1.00%		86,152		18.43 to 12.68		1,779,256		0.94%		1.22% to 0.21%
2015		0.00% to 1.00%		138,717		18.21 to 12.66		2,510,683		1.48%		0.18% to -0.81%
2014		0.00% to 1.00%		151,480		18.18 to 12.76		2,776,317		1.68%		0.61% to -0.39%
2013		0.00% to 1.30%		161,759		18.07 to 19.48		2,869,961		2.13%		0.62% to -0.68%
Guardian Portfolio - I Class Shares (AMGP)
2017		0.00% to 1.00%		3,583		33.00 to 24.37		92,122		0.33%		25.41% to 24.17%
2016		0.00% to 1.00%		3,983		26.32 to 19.63		83,916		0.35%		8.73% to 7.66%
2015		0.00% to 1.00%		6,866		24.20 to 18.23		146,287		0.70%		-4.97% to -5.91%
2014		0.00% to 1.00%		7,518		25.47 to 19.38		168,168		0.43%		9.03% to 7.94%
2013		0.00% to 1.00%		10,511		23.36 to 17.95		209,332		0.80%		38.81% to 37.43%
International Portfolio - S Class Shares (AMINS)
2017		0.00%		1,208		19.69		23,784		0.67%		26.76%
2016		0.00%		1,225		15.53		19,028		0.63%		-1.82%
2015		0.00%		1,304		15.82		20,629		0.97%		1.53%
2014		0.00%		1,255		15.58		19,555		0.35%		-3.27%
2013		0.00%		1,213		16.11		19,541		1.16%		17.83%
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
2017		0.00% to 1.00%		136,015		12.56 to 12.29		1,694,713		0.00%		25.29% to 24.05%
2016		0.00% to 1.00%		153,458		10.02 to 9.91		1,530,812		0.00%		4.40% to 3.36%
2015		0.00% to 1.00%		180,813		9.60 to 9.59		1,734,951		0.00%		-3.97% to -4.12%	****
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
2017		0.50% to 0.80%		2,541		42.10 to 40.29		105,622		0.00%		23.94% to 23.57%
2016		0.50% to 0.80%		4,197		33.97 to 32.60		141,466		0.00%		3.64% to 3.33%
2015		0.50% to 0.80%		6,188		32.77 to 31.55		201,732		0.00%		0.49% to 0.19%
2014		0.00%		530		34.57		18,324		0.00%		7.31%
2013		0.00%		537		32.22		17,301		0.00%		32.28%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
2017		0.00% to 1.00%		86,533		47.46 to 23.67		3,363,800		0.61%		13.36% to 12.24%
2016		0.00% to 1.00%		80,984		41.87 to 21.09		2,862,164		0.77%		27.37% to 26.10%
2015		0.00% to 1.00%		89,883		32.87 to 16.72		2,568,815		0.78%		-11.80% to -12.68%
2014		0.00% to 1.00%		96,613		37.27 to 19.15		3,108,814		0.75%		9.85% to 8.76%
2013		0.00% to 1.00%		105,356		33.93 to 17.61		3,097,535		1.19%		31.14% to 29.83%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
2017		0.00%		756		27.37		20,695		0.47%		16.35%
2016		0.00%		893		23.53		21,010		0.24%		15.98%
2015		0.00%		1,061		20.29		21,523		0.37%		-8.52%
2014		0.00%		1,220		22.18		27,054		0.68%		13.56%
2013		0.00%		1,376		19.53		26,871		0.82%		36.71%
Socially Responsive Portfolio - I Class Shares (AMSRS)
2017		0.00% to 0.80%		21,146		37.92 to 33.72		744,844		0.51%		18.43% to 17.49%
2016		0.00% to 0.80%		23,543		32.02 to 28.70		703,447		0.70%		9.86% to 8.99%
2015		0.00% to 0.80%		25,033		29.14 to 26.33		684,088		0.55%		-0.46% to -1.26%
2014		0.00% to 0.80%		28,648		29.28 to 26.67		791,284		0.37%		10.38% to 9.50%
2013		0.00% to 0.80%		31,752		26.52 to 24.36		797,846		0.78%		37.60% to 36.51%
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)
2017		0.50%		938		11.63		10,908		0.83%		10.03%
2016		0.50%		973		10.57		10,283		1.29%		5.49%
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
2017		0.50%		188		12.13		2,281		1.53%		16.87%
2016		0.80%		198		10.27		2,033		1.58%		4.67%
2015		0.80%		207		9.81		2,031		1.29%		-9.94%
2014		0.80%		215		10.89		2,342		0.99%		0.38%
2013		0.80%		223		10.85		2,420		1.00%		8.54%	****
Capital Income Fund/VA - Non-Service Shares (OVMS)
2017		0.00% to 1.00%		132,312		30.71 to 15.80		5,283,507		1.97%		9.25% to 8.17%
2016		0.00% to 1.00%		145,587		28.11 to 14.60		5,351,911		2.37%		5.26% to 4.21%
2015		0.00% to 1.00%		158,605		26.71 to 14.01		5,542,256		2.24%		0.83% to -0.17%
2014		0.00% to 1.00%		183,102		26.49 to 14.04		6,081,490		2.05%		8.20% to 7.12%
2013		0.00% to 1.30%		197,883		24.48 to 33.56		6,044,426		2.38%		13.17% to 11.71%
Core Bond Fund/VA - Non-Service Shares (OVB)
2017		0.00% to 1.00%		132,233		20.13 to 13.34		3,124,196		2.42%		4.59% to 3.55%
2016		0.00% to 1.00%		146,333		19.24 to 12.88		3,274,735		3.70%		3.27% to 2.25%
2015		0.00% to 1.00%		160,710		18.63 to 12.60		3,510,320		4.04%		0.96% to -0.04%
2014		0.00% to 1.00%		168,554		18.46 to 12.60		3,674,120		4.76%		7.27% to 6.20%
2013		0.00% to 1.30%		235,134		17.21 to 21.52		4,996,487		5.06%		-0.10% to -1.39%
Global Securities Fund/VA - Non-Service Shares (OVGS)
2017		0.00% to 1.00%		290,466		84.00 to 27.07		24,050,959		0.93%		36.66% to 35.31%
2016		0.00% to 1.00%		313,241		61.47 to 20.00		19,016,144		1.06%		0.08% to -0.91%
2015		0.00% to 1.00%		360,765		61.42 to 20.19		22,042,019		1.31%		3.94% to 2.91%
2014		0.00% to 1.00%		377,993		59.09 to 19.62		22,516,195		1.24%		2.29% to 1.27%
2013		0.00% to 1.30%		269,140		57.76 to 56.72		14,920,878		1.38%		27.31% to 25.66%
International Growth Fund/VA - Non-Service Shares (OVIG)
2017		0.50% to 0.80%		18,772		11.43 to 11.30		214,379		1.84%		25.66% to 25.29%
2016		0.50% to 0.80%		6,824		9.09 to 9.02		62,019		0.62%		-2.60% to -2.90%
2015		0.50% to 0.80%		3,100		9.34 to 9.29		28,925		1.48%		2.92% to 2.61%
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
2017		0.00% to 1.00%		72,191		24.57 to 20.58		1,652,637		1.21%		16.91% to 15.75%
2016		0.00% to 1.00%		80,670		21.01 to 17.78		1,580,634		1.01%		11.62% to 10.51%
2015		0.00% to 1.00%		71,846		18.83 to 16.09		1,268,544		0.92%		3.33% to 2.30%
2014		0.00% to 1.00%		85,850		18.22 to 15.73		1,463,161		0.81%		10.70% to 9.60%
2013		0.00% to 1.00%		81,288		16.46 to 14.35		1,262,553		1.10%		31.77% to 30.46%
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
2017		0.00% to 0.80%		26,975		50.28 to 44.72		1,269,227		0.77%		14.16% to 13.25%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2016		0.00% to 0.80%		36,886		44.05 to 39.49		1,522,817		0.56%		18.05% to 17.11%
2015		0.00% to 0.80%		44,586		37.31 to 33.72		1,564,620		0.85%		-5.90% to -6.65%
2014		0.00% to 0.80%		35,640		39.65 to 36.12		1,334,075		0.86%		11.93% to 11.04%
2013		0.00% to 0.80%		45,529		35.42 to 32.53		1,527,646		0.95%		41.01% to 39.89%
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
2017		0.00% to 1.00%		91,278		14.71 to 10.92		1,186,405		0.03%		28.79% to 27.51%
2016		0.00% to 1.00%		97,383		11.43 to 8.56		984,863		0.00%		2.33% to 1.32%
2015		0.00% to 1.00%		118,599		11.16 to 8.45		1,169,704		0.00%		6.61% to 5.55%
2014		0.00% to 1.00%		114,266		10.47 to 8.01		1,062,172		0.00%		5.78% to 4.73%
2013		0.00% to 1.00%		123,702		9.90 to 7.64		1,099,907		0.01%		35.98% to 34.63%
Global Strategic Income Fund/VA - Non-service Shares (OVSB)
2017		0.00% to 0.80%		23,200		11.57 to 11.10		262,223		2.19%		6.27% to 5.43%
2016		0.00% to 0.80%		18,016		10.89 to 10.53		192,234		4.94%		6.53% to 5.69%
2015		0.00% to 0.80%		21,107		10.22 to 9.96		212,353		5.75%		-2.26% to -3.04%
2014		0.00% to 0.80%		21,671		10.45 to 10.27		224,373		4.12%		2.84% to 2.02%
2013		0.00% to 0.80%		17,746		10.17 to 10.07		179,522		4.89%		-0.13% to -0.93%
All Asset Portfolio - Administrative Class (PMVAAA)
2017		0.50% to 0.80%		41,753		12.25 to 12.05		511,377		4.70%		12.98% to 12.64%
2016		0.50% to 0.80%		38,837		10.85 to 10.70		420,886		3.00%		12.37% to 12.03%
2015		0.50% to 0.80%		21,824		9.65 to 9.55		210,416		3.46%		-9.44% to -9.71%
2014		0.50% to 0.80%		19,994		10.66 to 10.57		212,881		4.03%		-0.03% to -0.33%
2013		0.50% to 0.80%		46,752		10.66 to 10.61		498,218		4.32%		-0.23% to -0.53%
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
2017		0.50% to 0.80%		2,541		6.38 to 6.31		16,199		11.17%		1.64% to 1.34%
2016		0.50% to 0.80%		2,186		6.27 to 6.22		13,712		1.14%		14.58% to 14.24%
2015		0.50%		1,195		5.47		6,542		5.56%		-26.08%
2014		0.50% to 0.80%		599		7.41 to 7.39		4,432		0.22%		-25.94% to -26.09%	****
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
2017		0.50% to 0.80%		17,035		13.11 to 12.77		223,243		1.58%		10.29% to 9.96%
2016		0.50% to 0.80%		19,555		11.89 to 11.62		232,260		1.21%		2.49% to 2.18%
2015		0.50% to 0.80%		25,040		11.60 to 11.37		290,325		1.52%		-7.55% to -7.83%
2014		0.50% to 0.80%		27,237		12.54 to 12.33		341,480		2.05%		-0.10% to -0.40%
2013		0.00% to 0.80%		43,871		12.85 to 12.38		550,855		1.79%		-6.47% to -7.22%
Low Duration Portfolio - Administrative Class (PMVLDA)
2017		0.00% to 0.80%		98,910		12.93 to 12.06		1,237,958		1.34%		1.35% to 0.54%
2016		0.00% to 0.80%		116,237		12.75 to 11.99		1,438,170		1.50%		1.41% to 0.60%
2015		0.00% to 0.80%		127,195		12.58 to 11.92		1,557,147		3.42%		0.31% to -0.49%
2014		0.00% to 0.80%		136,114		12.54 to 11.98		1,667,389		1.12%		0.85% to 0.04%
2013		0.00% to 0.80%		159,225		12.43 to 11.97		1,940,996		1.47%		-0.13% to -0.93%
Total Return Portfolio - Administrative Class (PMVTRA)
2017		0.50% to 0.80%		60,793		11.85 to 11.62		720,182		2.03%		4.40% to 4.08%
2016		0.50% to 0.80%		67,610		11.35 to 11.16		767,133		2.11%		2.17% to 1.87%
2015		0.50% to 0.80%		88,806		11.11 to 10.96		986,434		5.07%		-0.07% to -0.37%
2014		0.50% to 0.80%		86,019		11.12 to 11.00		956,030		2.10%		3.75% to 3.44%
2013		0.50% to 0.80%		116,742		10.72 to 10.63		1,250,741		2.18%		-2.45% to -2.74%
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
2017		0.50% to 0.80%		3,190		13.15 to 12.93		41,788		0.80%		12.55% to 12.21%
2016		0.80%		873		11.52		10,061		0.28%		3.51%
2015		0.80%		904		11.13		10,065		0.06%		-6.57%
2014		0.50% to 0.80%		1,470		12.01 to 11.92		17,567		0.04%		3.43% to 3.12%
2013		0.50% to 0.80%		1,486		11.61 to 11.56		17,204		0.08%		13.00% to 12.66%
VT Equity Income Fund: Class IB (PVEIB)
2017		0.50% to 0.80%		15,278		11.32 to 11.30		172,984		0.00%		13.25% to 13.02%	****
VT Growth Opportunities Fund: Class IB (PVGOB)
2017		0.50% to 0.80%		43,778		13.21 to 13.16		578,017		0.09%		30.25% to 29.86%
2016		0.50% to 0.80%		33,522		10.14 to 10.13		339,833		0.00%		1.38% to 1.35%	****
VT International Equity Fund: Class IB (PVTIGB)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2017		0.00% to 0.80%		11,093		26.54 to 23.60		274,628		2.24%		26.58% to 25.57%
2016		0.00% to 0.80%		9,294		20.96 to 18.79		182,336		3.30%		-2.45% to -3.23%
2015		0.00% to 0.80%		11,932		21.49 to 19.42		240,722		1.15%		0.14% to -0.66%
2014		0.00% to 0.80%		13,518		21.46 to 19.55		272,706		0.90%		-6.78% to -7.52%
2013		0.00% to 0.80%		13,833		23.02 to 21.14		301,028		1.39%		28.07% to 27.05%
Variable Fund - Multi-Hedge Strategies (RVARS)
2017		0.50% to 0.80%		13,139		10.74 to 10.59		141,056		0.00%		3.16% to 2.85%
2016		0.50% to 0.80%		4,053		10.41 to 10.30		42,171		0.11%		-0.98% to -1.27%
2015		0.50% to 0.80%		4,795		10.51 to 10.43		50,409		0.48%		1.34% to 1.04%
2014		0.50% to 0.80%		672		10.37 to 10.32		6,970		0.00%		4.14% to 3.83%
2013		0.80%		29		9.94		288		0.00%		-0.58%	****
Health Sciences Portfolio - II (TRHS2)
2017		0.00% to 0.80%		132,486		38.83 to 36.53		4,964,050		0.00%		27.31% to 26.30%
2016		0.00% to 0.80%		151,368		30.50 to 28.92		4,473,261		0.00%		-10.72% to -11.43%
2015		0.00% to 0.80%		188,201		34.17 to 32.65		6,257,127		0.00%		12.47% to 11.57%
2014		0.00% to 0.80%		184,422		30.38 to 29.27		5,479,700		0.00%		31.22% to 30.18%
2013		0.00% to 0.80%		193,626		23.15 to 22.48		4,404,362		0.00%		50.51% to 49.31%
Limited-Term Bond Portfolio - II (TRLT2)
2017		0.00%		5,664		13.15		74,462		1.23%		0.81%
2016		0.00%		4,798		13.04		62,568		1.08%		1.12%
2015		0.00%		4,821		12.9		62,169		0.92%		0.06%
2014		0.00%		2,898		12.89		37,350		1.01%		0.39%
2013		0.00%		2,608		12.84		33,480		1.36%		-0.12%
VIP Trust - Unconstrained Emerging Markets Bond Fund - Initial Class (VWBF)
2017		0.00% to 1.00%		42,277		24.66 to 19.15		1,047,647		2.32%		12.24% to 11.13%
2016		0.00% to 1.00%		46,834		21.97 to 17.23		1,042,933		0.00%		6.42% to 5.37%
2015		0.00% to 1.00%		49,553		20.65 to 16.35		1,042,936		6.78%		-13.09% to -13.95%
2014		0.00% to 1.00%		58,400		23.76 to 19.01		1,403,775		4.92%		2.18% to 1.17%
2013		0.00% to 1.30%		61,223		23.25 to 25.42		1,451,379		2.33%		-9.17% to -10.34%
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
2017		0.00% to 1.00%		121,240		42.68 to 40.41		4,673,218		0.47%		51.03% to 49.54%
2016		0.00% to 1.00%		142,846		28.26 to 27.03		3,662,307		0.47%		0.10% to -0.89%
2015		0.00% to 1.00%		156,813		28.23 to 27.27		4,035,452		0.58%		-13.99% to -14.85%
2014		0.00% to 1.00%		194,813		32.82 to 32.02		5,908,083		0.51%		-0.41% to -1.41%
2013		0.00% to 1.00%		211,949		32.96 to 32.48		6,487,105		1.56%		12.02% to 10.91%
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
2017		0.00% to 1.00%		89,572		31.48 to 29.50		3,551,521		0.00%		-1.70% to -2.67%
2016		0.00% to 1.00%		109,288		32.03 to 30.31		4,362,160		0.38%		43.71% to 42.28%
2015		0.00% to 1.00%		112,466		22.28 to 21.31		3,199,985		0.03%		-33.45% to -34.11%
2014		0.00% to 1.00%		132,220		33.48 to 32.33		5,556,662		0.09%		-19.10% to -19.91%
2013		0.00% to 1.30%		145,762		41.39 to 54.72		7,629,688		0.71%		10.53% to 9.11%
Variable Insurance Portfolios - Asset Strategy (WRASP)
2017		0.00% to 0.80%		94,497		18.00 to 16.80		1,627,345		1.49%		18.27% to 17.33%
2016		0.00% to 0.80%		121,332		15.22 to 14.32		1,776,643		0.58%		-2.57% to -3.34%
2015		0.00% to 0.80%		141,615		15.62 to 14.81		2,140,775		0.37%		-8.35% to -9.08%
2014		0.00% to 0.80%		164,816		17.05 to 16.29		2,730,998		0.50%		-5.26% to -6.02%
2013		0.00% to 0.80%		172,375		17.99 to 17.34		3,030,516		1.27%		25.13% to 24.13%
Variable Insurance Portfolios - High Income (WRHIP)
2017		0.50% to 0.80%		45,132		13.84 to 13.61		623,617		5.12%		6.15% to 5.83%
2016		0.50% to 0.80%		57,879		13.04 to 12.86		753,710		6.45%		15.61% to 15.26%
2015		0.50% to 0.80%		53,801		11.28 to 11.15		606,128		8.06%		-6.97% to -7.25%
2014		0.50% to 0.80%		59,739		12.12 to 12.03		723,618		4.18%		1.40% to 1.09%
2013		0.50% to 0.80%		88,301		11.96 to 11.90		1,055,212		4.88%		9.95% to 9.62%
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
2017		0.50% to 0.80%		23,964		17.56 to 17.26		420,337		0.00%		26.26% to 25.89%
2016		0.50% to 0.80%		24,509		13.90 to 13.71		340,508		0.00%		5.59% to 5.27%
2015		0.50% to 0.80%		22,753		13.17 to 13.02		299,417		0.00%		-6.25% to -6.53%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2014		0.50% to 0.80%		24,481		14.05 to 13.93		343,668		0.00%		7.33% to 7.01%
2013		0.50% to 0.80%		27,179		13.09 to 13.02		355,591		0.00%		29.29% to 28.90%
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)
2017		0.00% to 1.00%		13,560		71.88 to 43.81		674,086		0.00%		29.13% to 27.85%
2016		0.00% to 1.00%		18,245		55.67 to 34.27		686,884		0.00%		7.65% to 6.58%
2015		0.00% to 1.00%		20,962		51.71 to 32.15		743,396		0.00%		-1.46% to -2.44%
2014		0.00% to 1.00%		22,700		52.48 to 32.96		819,752		0.00%		0.36% to -0.64%
2013		0.00% to 1.30%		23,406		52.29 to 68.43		850,864		0.01%		43.80% to 41.94%
Advantage VT Opportunity Fund - Class 2 (SVOF)
2017		0.00% to 1.00%		40,924		73.44 to 28.23		1,414,411		0.65%		20.44% to 19.24%
2016		0.00% to 1.00%		45,057		60.97 to 23.67		1,407,034		2.03%		12.23% to 11.12%
2015		0.00% to 1.00%		49,909		54.33 to 21.31		1,439,222		0.13%		-3.08% to -4.05%
2014		0.00% to 1.00%		52,232		56.06 to 22.20		1,572,778		0.06%		10.42% to 9.33%
2013		0.00% to 1.30%		54,766		50.77 to 79.68		1,526,748		0.19%		30.68% to 28.99%
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
2017		0.00% to 0.80%		10,835		33.44 to 31.20		345,820		0.00%		25.86% to 24.86%
2016		0.00% to 0.80%		13,108		26.57 to 24.99		334,640		0.00%		7.75% to 6.89%
2015		0.00% to 0.80%		17,346		24.66 to 23.38		413,663		0.00%		-2.88% to -3.66%
2014		0.00% to 0.80%		14,713		25.39 to 24.26		362,827		0.00%		-1.88% to -2.66%
2013		0.00% to 0.80%		23,802		25.87 to 24.93		601,046		0.00%		50.23% to 49.03%
Global Securities Fund/VA - Class 3 (obsolete) (OVGS3)
2013		0.00% to 0.80%		463,067		20.71 to 19.32		9,163,090		1.38%		27.34% to 26.32%
Templeton Developing Markets Securities Fund - Class 3 (obsolete) (FTVDM3)
2013		0.00% to 0.80%		57,765		19.12 to 17.84		1,058,279		1.94%		-0.97% to -1.76%
VT Growth & Income Fund: Class IB (obsolete) (PVGIB)
2016		0.00% to 0.80%		3,854		26.14 to 23.44		93,297		1.79%		15.02% to 14.10%
2015		0.00% to 0.80%		4,323		22.73 to 20.54		91,976		2.83%		-7.53% to -8.26%
2014		0.00% to 0.80%		9,900		24.58 to 22.39		229,158		1.13%		10.73% to 9.85%
2013		0.00% to 0.80%		6,448		22.20 to 20.38		135,373		2.08%		35.68% to 34.60%
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3)
2013		0.00% to 0.80%		86,109		18.24 to 17.02		1,504,058		2.22%		22.98% to 22.00%
Templeton Global Bond Securities Fund - Class 3 (obsolete) (FTVGI3)
2013		0.00% to 0.80%		118,045		20.70 to 19.31		2,345,962		4.53%		1.64% to 0.83%
VT Voyager Fund: Class IB (obsolete) (PVTVB)
2015		0.00% to 0.80%		23,414		25.36 to 22.91		556,522		1.09%		-6.11% to -6.86%
2014		0.00% to 0.80%		18,772		27.01 to 24.60		477,813		0.80%		9.72% to 8.85%
2013		0.00% to 0.80%		22,000		24.62 to 22.60		512,604		0.77%		43.72% to 42.58%
Investors Growth Stock Series - Initial Class (obsolete) (MIGIC)
2014		0.00% to 0.80%		9,468		26.83 to 24.44		239,960		0.51%		11.45% to 10.56%
2013		0.00% to 0.80%		9,467		24.07 to 22.11		216,129		0.67%		30.29% to 29.25%
VIP High Income Portfolio - Initial Class R (obsolete) (FHIPR)
2014		0.00% to 0.80%		243,155		15.51 to 14.59		3,617,131		5.90%		1.18% to 0.37%
2013		0.00% to 0.80%		247,587		15.33 to 14.54		3,658,147		5.83%		5.97% to 5.12%
Federated NVIT High Income Bond Fund - Class III (obsolete) (HIBF3)
2013		0.00% to 0.80%		81,707		18.20 to 16.98		1,433,242		6.11%		6.94% to 6.09%
NVIT Emerging Markets Fund - Class III (obsolete) (GEM3)
2013		0.00% to 0.80%		129,754		19.48 to 18.18		2,429,549		1.16%		0.75% to -0.05%
NVIT International Equity Fund - Class III (obsolete) (GIG3)
2013		0.00% to 0.80%		402,159		9.96 to 9.51		3,890,329		0.53%		17.81% to 16.87%
VIP Overseas Portfolio - Service Class R (obsolete) (FOSR)
2014		0.00% to 0.80%		261,702		16.56 to 15.32		4,132,661		1.25%		-8.18% to -8.91%
2013		0.00% to 0.80%		279,237		18.03 to 16.82		4,824,703		1.32%		30.30% to 29.26%
NVIT International Index Fund - Class VI (obsolete) (GVIX6)
2013		0.00% to 0.80%		44,038		11.84 to 11.14		507,810		2.52%		21.27% to 20.31%
NVIT Multi-Manager International Growth Fund - Class III (obsolete) (NVMIG3)
2013		0.00% to 1.00%		385,573		12.17 to 18.81		4,615,236		1.24%		21.34% to 20.13%
NVIT Multi-Manager International Value Fund - Class III (obsolete) (GVDIV3)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2017

	Contract Expense Rate*		Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***
2013		0.00% to 0.80%		40,107		12.78 to 11.92		493,515		2.31%		21.42% to 20.45%
American Century NVIT Growth Fund - Class I (obsolete) (CAF)
2015		0.00% to 1.00%		415,809		25.81 to 10.61		13,602,712		0.35%		4.67% to 3.63%
2014		0.00% to 1.00%		455,264		24.66 to 10.23		14,270,705		0.35%		11.33% to 10.22%
2013		0.00% to 1.30%		499,743		22.15 to 27.51		14,068,259		0.67%		29.74% to 28.06%
VP International Fund - Class III (obsolete) (ACVI3)
2014		0.00%		9,678		17.76		171,887		1.62%		-5.51%
2013		0.00%		10,941		18.8		205,643		1.61%		22.41%
VP Vista(SM) Fund - Class I (obsolete) (ACVVS1)
2013		0.00%		2,561		18.87		48,332		0.00%		30.17%
Balanced Portfolio - I Class Shares (obsolete) (AMBP)
2014		0.50% to 0.80%		1,940		16.70 to 35.32		38,334		0.00%		3.66% to 3.35%
2013		0.50% to 0.80%		1,813		16.11 to 34.17		38,850		0.00%		17.89% to 17.54%
Growth Portfolio - I Class Shares (obsolete) (AMTG)
2014		0.00% to 1.00%		111,026		34.82 to 11.05		1,914,576		0.00%		6.89% to 5.83%
2013		0.00% to 1.30%		126,682		32.57 to 46.36		2,048,059		0.00%		31.85% to 30.15%
Small-Cap Growth Portfolio - S Class Shares (obsolete) (AMFAS)
2014		0.00% to 0.80%		9,562		22.17 to 20.19		199,687		0.00%		3.47% to 2.65%
2013		0.00% to 0.80%		9,188		21.43 to 19.67		187,124		0.00%		45.83% to 44.67%
				2017 Contract Owners’ Equity:						$		648,235,195
				2016 Contract Owners’ Equity:						$		586,988,224
				2015 Contract Owners’ Equity:						$		600,557,383
				2014 Contract Owners’ Equity:						$		659,613,121
				2013 Contract Owners’ Equity:						$		677,429,029

* This represents the range of annual policy expense rates 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 policyholder 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 policyholder 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 range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. 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. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single policy expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

**** Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented. Prior period presentation, which indicated the date the underlying mutual fund was initially added and funded, has been updated to conform with current period presentation.