VLI Sep Acct 2/VLOB-12 (811-05311)

0001193125-21-110064.txt : 20210408 0001193125-21-110064.hdr.sgml : 20210408 20210408144305 ACCESSION NUMBER: 0001193125-21-110064 CONFORMED SUBMISSION TYPE: N-VPFS PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210408 EFFECTIVENESS DATE: 20210408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONWIDE VLI SEPARATE ACCOUNT 2 CENTRAL INDEX KEY: 0000820914 IRS NUMBER: 314156830 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-VPFS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05311 FILM NUMBER: 21814713 BUSINESS ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 614-249-7111 MAIL ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215

0000820914 S000009472 NATIONWIDE VLI SEPARATE ACCOUNT-2

C000025923 The Best of America MSPVL

C000026121 The Best of America Life SPVL

C000026122 The Best of America Life Planning Series Multiple Pay

C000026123 The Best of America Survivorship Life Insurance

N-VPFS 1 d121835dnvpfs.htm VLI SEP ACCT 2/VLOB-12 (811-05311) VLI Sep Acct 2/VLOB-12 (811-05311)

NATIONWIDE

VLI SEPARATE

ACCOUNT-2

Annual Report

Policyholders

December 31, 2020

LOGO

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

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 the sub-accounts listed in the Appendix that comprise the Nationwide VLI Separate Account-2 (the Separate Account) as of the date listed in the Appendix, the related statements of operations for the year or period listed in the Appendix and changes in contract owners’ equity for the years or periods listed in the Appendix, and the related notes including the financial highlights in Note 8 (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each sub-account as of the date listed in the Appendix, the results of its operations for the year or period listed in the Appendix and the changes in its contract owners’ equity for the years or periods listed in the Appendix, and the financial highlights for each of the years or periods indicated in Note 8, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on these financial statements 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 Separate Account 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 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, 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. Such procedures also included confirmation of securities owned as of December 31, 2020, by correspondence with the transfer agent of the underlying mutual funds. 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. 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 separate account investment companies, however we are aware that we have served as the auditor of one or more Nationwide Life Insurance Company separate account investment companies since at least 1981.

Columbus, Ohio

April 2, 2021

Appendix

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for each of the years in the two-year period then ended.

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)

AMERICAN CENTURY INVESTORS, INC.

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)

American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)

American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)⁽¹⁾

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)

American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)

BLACKROCK FUNDS

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

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II (MLVGA2)

BNY MELLON INVESTMENT MANAGEMENT

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)

BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)

BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares (DSC)

BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)

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

BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)

DELAWARE FUNDS BY MACQUARIE

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

DIMENSIONAL FUND ADVISORS INC.

DFA Investment Dimensions Group Inc. - DFA VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI)

DFA Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class (DFVIPS)

DWS INVESTMENT MANAGEMENT AMERICAS, INC.

Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A (DSGIBA)

FEDERATED HERMES, INC.

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)⁽¹⁾

Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares (FVU2)⁽¹⁾

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)

Fidelity Variable Insurance Products - Emerging Markets Portfolio - Service Class (FEMS)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)

Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS)

Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class (FRESS)

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)

Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)

Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 1 (FTVRDI)

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 (FTVSVI)

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 (TIF)

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares (GVGMNS)

Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)

GUGGENHEIM INVESTMENTS

Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)

INVESCO INVESTMENTS

Invesco - Invesco V.I. American Franchise Fund: Series I Shares (ACEG)

Invesco - Invesco V.I. Value Opportunities Fund: Series I Shares (AVBVI)

Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series I Shares (AVMCCI)

Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)

Invesco Oppenheimer V.I. Total Return Bond Fund: Series I (OVB)

Invesco Oppenheimer V.I. Main Street Fund: Series I (OVGI)

Invesco Oppenheimer V.I. Global Fund: Series I (OVGS)

Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)

Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I (OVMS)

Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I (OVSB)

Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I (OVSC)

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Asset Strategy: Class II (WRASP)

Ivy Variable Insurance Portfolios - High Income: Class II (WRHIP)

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (WRMCG)

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)⁽¹⁾

Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)⁽¹⁾

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares (JAEI)⁽¹⁾

Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)⁽¹⁾

Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)⁽¹⁾

LORD ABBETT FUNDS

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

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust - MFS New Discovery Series: Initial Class (MNDIC)

MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class (MV2IGI)

MFS(R) Variable Insurance Trust - MFS Value Series: Initial Class (MVFIC)

MORGAN STANLEY

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)

Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II (DTRTFB)

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I (EIF)

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II (GVAAA2)

Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II (GVABD2)

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II (GVAGG2)

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II (GVAGI2)

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II (GVAGR2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I (HIBF)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I (IDPG)

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)

Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I (MSBF)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I (NCPGI)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I (NVAMV1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I (NVCCA1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I (NVCRB1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class I (NVIX)

Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class I (NVLCP1)

Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I (NVMMG1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I (NVNMO1)

Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I (NVNSR1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)

Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)⁽¹⁾

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)⁽¹⁾

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)

Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)

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

Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 3 (NOTB3)

Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 3 (NOTG3)

Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 3 (NOTMG3)

PIMCO FUNDS

PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA)

PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Administrative Class (PMVFBA)

PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA)

PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Administrative Class (PMVRSA)

PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA)

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB (PVEIB)

Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)

T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited Term Bond Portfolio: II (TRLT2)

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class (VWBF)⁽¹⁾

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

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

WELLS FARGO FUNDS

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

Wells Fargo Variable Trust - VT Opportunity Fund: Class 2 (SVOF)

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)

Statement of changes in contract owners’ equity for the period from January 1, 2019 to April 30, 2019 (liquidation).

NEUBERGER & BERMAN MANAGEMENT, INC.

Neuberger Berman Advisers Management Trust - Guardian Portfolio: I Class Shares (AMGP)

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from August 5, 2019 (inception) to December 31, 2019.

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from January 2, 2020 (inception) to December 31, 2020.

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from July 29, 2019 (inception) to December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from August 26, 2019 (inception) to December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from July 5, 2019 (inception) to December 31, 2019.

VIRTUS MUTUAL FUNDS

Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I (VRVDRI)

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P NVDCAP)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP)

Statement of operations for the period from January 1, 2020 to April 30, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to April 30, 2020 (liquidation) and the year ended December 31, 2019.

INVESCO INVESTMENTS

Invesco - Invesco V.I. Mid Cap Growth Fund: Series I Shares (IVKMG1)

Statement of operations for the period from January 1, 2020 to October 16, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to October 16, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)

Statement of operations for the period from January 1, 2020 to October 23, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to October 23, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class P (NVLCAP)

Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class P (NVLMP)

Statement of operations for the period from January 1, 2020 to September 11, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to September 11, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)

⁽¹⁾	See Note 1 to the financial statements for the former name of the sub-account.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
ALVDAA		20	$	253	$	273	$	-	$	273	$	5	$	268
ALVGIA		13,826		409,911		400,547		22		400,569		-		400,569
ALVSVA		49,592		862,413		862,407		27		862,434		-		862,434
ACVB		638,868		4,731,813		5,577,319		-		5,577,319		141		5,577,178
ACVCA		97,664		1,357,831		1,881,991		22,612		1,904,603		-		1,904,603
ACVI		50,941		591,654		718,268		25,703		743,971		-		743,971
ACVIG		163,422		1,503,365		1,679,976		29		1,680,005		-		1,680,005
ACVIP2		46,411		469,308		514,698		-		514,698		3		514,695
ACVMV1		68,167		1,386,633		1,400,160		7		1,400,167		-		1,400,167
ACVU1		6,628		148,257		182,130		22		182,152		-		182,152
BRVHYI		89,000		658,593		672,842		2,636		675,478		-		675,478
MLVGA2		99,291		1,602,205		1,927,229		-		1,927,229		2		1,927,227
DCAP		109,787		4,325,897		5,179,753		268		5,180,021		-		5,180,021
DGI		50,391		1,428,894		1,797,960		9		1,797,969		-		1,797,969
DSC		5,870		274,344		291,504		-		291,504		22		291,482
DSIF		810,268		31,664,913		52,075,904		25,055		52,100,959		-		52,100,959
DSRG		204,617		6,974,112		9,666,115		1,114		9,667,229		-		9,667,229
DVSCS		115,379		2,179,547		2,199,115		40		2,199,155		-		2,199,155
DWVSVS		8,197		295,381		278,543		5		278,548		-		278,548
DFVGMI		4,302		56,302		62,342		1		62,343		-		62,343
DFVIPS		25,072		255,557		283,561		2		283,563		-		283,563
DSGIBA		25,712		602,997		644,592		-		644,592		1		644,591
FQB		149,610		1,693,461		1,768,392		19		1,768,411		-		1,768,411
FVU2		7,298		77,118		80,933		-		80,933		6		80,927
FAMP		635,863		9,638,704		10,835,098		6,518		10,841,616		-		10,841,616
FCS		22,370		872,258		1,071,293		14		1,071,307		-		1,071,307
FEIP		1,620,115		34,111,013		38,720,748		39,957		38,760,705		-		38,760,705
FEMS		22,177		263,829		327,548		-		327,548		-		327,548
FF10S		32,271		402,928		460,186		9		460,195		-		460,195
FF20S		75,107		972,163		1,124,355		-		1,124,355		14		1,124,341
FF30S		90,210		1,196,206		1,514,632		15		1,514,647		-		1,514,647
FGP		993,875		53,503,657		102,369,150		47,053		102,416,203		-		102,416,203
FHIP		1,377,691		7,466,739		7,315,538		6,752		7,322,290		-		7,322,290
FIGBS		196,322		2,550,128		2,732,797		34		2,732,831		-		2,732,831
FMCS		163,414		5,380,054		6,255,493		23		6,255,516		-		6,255,516
FNRS2		65,097		1,121,304		675,052		-		675,052		2		675,050
FOP		178,862		3,147,838		4,743,423		5,206		4,748,629		-		4,748,629
FOS		184,808		3,773,242		4,878,939		35		4,878,974		-		4,878,974
FRESS		3,987		68,700		69,175		-		69,175		6		69,169
FVSS		60,935		777,102		823,234		-		823,234		27		823,207
FTVDM2		48,149		446,337		560,459		2		560,461		-		560,461
FTVFA2		38,162		228,407		207,222		1		207,223		-		207,223
FTVGI2		84,113		1,363,716		1,162,440		6		1,162,446		-		1,162,446
FTVIS2		83,202		1,273,952		1,251,353		10		1,251,363		-		1,251,363
FTVRDI		146,305		3,784,273		4,414,009		-		4,414,009		2		4,414,007
FTVSVI		156,154		2,616,472		2,373,547		33		2,373,580		-		2,373,580
TIF		3,014		42,474		40,896		-		40,896		16		40,880
TIF2		38,844		568,834		515,853		6		515,859		-		515,859
GVGMNS		3,379		41,934		42,545		4		42,549		-		42,549
GVMSAS		719		6,222		6,794		2		6,796		-		6,796
RVARS		2,513		62,438		64,346		6		64,352		-		64,352
ACEG		4,909		359,256		437,397		6		437,403		-		437,403
AVBVI		936		5,231		5,261		15		5,276		-		5,276
AVMCCI		3,196		32,092		33,786		-		33,786		-		33,786

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
IVBRA1		34,174		363,875		358,138		2		358,140		-		358,140
OVAG		26,532		2,175,239		2,837,039		13		2,837,052		-		2,837,052
OVB		449,175		3,589,574		3,786,546		5,704		3,792,250		-		3,792,250
OVGI		34,490		967,697		1,031,592		42		1,031,634		-		1,031,634
OVGS		495,186		19,837,757		25,809,087		51,431		25,860,518		-		25,860,518
OVIG		120,214		307,527		349,823		11		349,834		-		349,834
OVMS		306,485		4,316,005		5,495,269		5,894		5,501,163		-		5,501,163
OVSB		35,832		176,358		173,429		-		173,429		8		173,421
OVSC		36,827		851,172		1,009,802		30		1,009,832		-		1,009,832
WRASP		101,166		930,648		1,056,418		-		1,056,418		9		1,056,409
WRHIP		146,692		496,428		498,048		11		498,059		-		498,059
WRMCG		57,214		725,950		1,000,335		5		1,000,340		-		1,000,340
JABS		49,639		1,928,754		2,288,359		19		2,288,378		-		2,288,378
JACAS		118,627		4,338,103		6,282,466		3		6,282,469		-		6,282,469
JAEI		3,832		295,902		360,978		19		360,997		-		360,997
JAGTS		303,855		4,272,208		6,229,025		45		6,229,070		-		6,229,070
JAIGS		74,320		2,073,588		2,718,632		9		2,718,641		-		2,718,641
LOVTRC		9,844		163,457		170,795		-		170,795		5		170,790
MNDIC		29,609		640,565		798,266		30		798,296		-		798,296
MV2IGI		14,564		319,018		364,982		1		364,983		-		364,983
MVFIC		161,032		3,079,614		3,285,062		-		3,285,062		3		3,285,059
MVIGIC		9,255		123,746		148,913		1		148,914		-		148,914
MSEM		69,530		539,974		538,166		8		538,174		-		538,174
MSVFI		49,432		564,720		579,344		16		579,360		-		579,360
MSVRE		39,145		764,043		670,559		566		671,125		-		671,125
DTRTFB		1,271		12,729		12,934		-		12,934		1		12,933
EIF		55,355		968,717		1,073,333		3		1,073,336		-		1,073,336
GBF		420,846		4,756,672		4,751,347		3,258		4,754,605		-		4,754,605
GEM		94,118		1,132,213		1,408,011		19		1,408,030		-		1,408,030
GIG		302,455		3,173,793		3,511,498		32		3,511,530		-		3,511,530
GVAAA2		158,497		3,958,801		4,230,283		1		4,230,284		-		4,230,284
GVABD2		31,255		362,768		394,756		-		394,756		14		394,742
GVAGG2		66,532		2,054,428		2,677,901		21		2,677,922		-		2,677,922
GVAGI2		15,317		817,785		864,312		11		864,323		-		864,323
GVAGR2		30,467		2,598,531		3,680,995		-		3,680,995		14		3,680,981
GVDMA		430,414		5,239,383		5,659,947		33		5,659,980		-		5,659,980
GVDMC		54,506		603,706		613,195		19		613,214		-		613,214
GVEX1		226,083		3,982,444		5,055,210		27		5,055,237		-		5,055,237
GVIDA		171,118		2,137,046		2,233,089		9		2,233,098		-		2,233,098
GVIDC		20,151		202,698		212,394		12		212,406		-		212,406
GVIDM		244,247		2,971,879		2,948,064		14		2,948,078		-		2,948,078
GVIX2		74,820		750,000		778,132		8		778,140		-		778,140
HIBF		172,960		1,130,597		1,132,886		-		1,132,886		10		1,132,876
IDPG		37		457		447		8		455		-		455
MCIF		275,981		6,267,882		6,328,254		16		6,328,270		-		6,328,270
MSBF		107,337		979,067		987,496		-		987,496		19		987,477
NCPGI		6		58		63		-		63		-		63
NVAMV1		371,782		5,820,115		5,558,137		59		5,558,196		-		5,558,196
NVAMVX		125,401		1,611,307		1,870,987		-		1,870,987		2		1,870,985
NVBX		23,163		249,409		258,957		11		258,968		-		258,968
NVCBD1		61,250		682,200		701,315		1		701,316		-		701,316
NVCCA1		67,427		735,818		716,071		14		716,085		-		716,085
NVCCN1		8,238		85,592		89,872		-		89,872		17		89,855
NVCMA1		64,839		595,133		617,912		4		617,916		-		617,916

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
NVCMC1		12,572		134,615		139,299		-		139,299		10		139,289
NVCMD1		99,595		1,085,222		1,082,597		26		1,082,623		-		1,082,623
NVCRA1		25,939		252,892		281,961		1		281,962		-		281,962
NVCRB1		41,155		435,900		463,404		21		463,425		-		463,425
NVDBL2		31,669		491,424		513,036		-		513,036		8		513,028
NVDCA2		7,656		133,223		140,257		2		140,259		-		140,259
NVDCAP		9,914		167,211		180,837		-		180,837		6		180,831
NVFIII		5,227		57,967		59,060		2		59,062		-		59,062
NVGEII		86		916		1,161		-		1,161		1		1,160
NVIDMP		28,001		320,515		336,572		4		336,576		-		336,576
NVIX		45,635		452,480		475,063		7		475,070		-		475,070
NVLCP1		11,314		138,904		138,482		13		138,495		-		138,495
NVMIG1		443,830		4,861,986		5,365,903		22		5,365,925		-		5,365,925
NVMIVX		32,209		297,610		346,570		-		346,570		3		346,567
NVMLG1		342,021		3,449,538		3,057,666		48		3,057,714		-		3,057,714
NVMMG1		3,430,011		37,467,266		47,505,654		251		47,505,905		-		47,505,905
NVMMV2		2,516,726		24,913,302		19,605,298		152		19,605,450		-		19,605,450
NVNMO1		1,243,108		12,525,600		15,215,641		14,048		15,229,689		-		15,229,689
NVNSR1		10,715		140,239		150,870		-		150,870		9		150,861
NVOLG1		4,378,711		78,592,742		82,494,923		11,428		82,506,351		-		82,506,351
NVRE1		837,430		5,791,417		6,079,744		39		6,079,783		-		6,079,783
NVSIX2		46,033		429,645		419,819		22		419,841		-		419,841
NVSTB2		22,899		238,228		237,920		2		237,922		-		237,922
NVTIV3		5,120		53,824		55,089		6		55,095		-		55,095
SAM		15,934,237		15,934,237		15,934,237		-		15,934,237		89,284		15,844,953
SCF		911,610		17,469,962		18,223,076		78,879		18,301,955		-		18,301,955
SCGF		137,151		2,322,302		2,695,027		17		2,695,044		-		2,695,044
SCVF		378,919		4,223,784		3,323,121		45		3,323,166		-		3,323,166
TRF		2,565,341		31,947,388		60,362,478		16,085		60,378,563		-		60,378,563
AMCG		62,786		1,579,795		2,498,889		-		2,498,889		2		2,498,887
AMINS		1,857		20,222		27,300		11		27,311		-		27,311
AMMCGS		5,848		177,626		210,875		9		210,884		-		210,884
AMRS		405		6,957		7,300		3		7,303		-		7,303
AMSRS		154,345		4,036,454		4,736,861		75		4,736,936		-		4,736,936
AMTB		153,025		1,619,857		1,634,310		2,016		1,636,326		-		1,636,326
NOTB3		908		10,518		10,765		3		10,768		-		10,768
NOTG3		203		2,201		2,380		-		2,380		11		2,369
NOTMG3		5		59		64		2		66		-		66
PMVAAA		21,880		230,276		242,216		-		242,216		11		242,205
PMVFBA		14,746		146,809		155,274		7		155,281		-		155,281
PMVLDA		142,606		1,470,090		1,480,250		19		1,480,269		-		1,480,269
PMVRSA		4,272		24,516		25,844		-		25,844		3		25,841
PMVTRA		53,745		588,693		622,910		14		622,924		-		622,924
PVEIB		16,775		403,289		427,939		-		427,939		3		427,936
PVGOB		133,296		1,391,372		1,939,452		10		1,939,462		-		1,939,462
PVTIGB		15,857		216,228		261,326		-		261,326		26		261,300
TRHS2		94,521		3,993,969		5,478,453		-		5,478,453		25		5,478,428
TRLT2		9,730		46,675		48,456		5		48,461		-		48,461
VWBF		79,639		678,513		703,212		-		703,212		37		703,175
VWEM		203,854		2,668,883		3,443,088		32		3,443,120		-		3,443,120
VWHA		121,179		2,538,945		2,724,107		10,639		2,734,746		-		2,734,746
VRVDRI		213		3,270		3,771		-		3,771		5		3,766
SVDF		24,011		787,095		1,170,032		-		1,170,032		2,654		1,167,378
SVOF		53,742		1,302,062		1,592,363		23,158		1,615,521		-		1,615,521
WFVSCG		50,648		562,054		745,540		-		745,540		33		745,507

Total (unaudited)					$	726,465,736	$	407,841	$	726,873,577	$	92,480	$	726,781,097

*	Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

**	For all subaccounts not included herein but listed as an investment option in note 1(b), Total Assets and Contract Owners’ Equity at the end of the period are $0. See note 1(b) for all investments available for which no policyholders were invested at December 31, 2020, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	Total (unaudited)			ALVDAA			ALVGIA			ALVSVA			ACVB			ACVCA			ACVI			ACVIG
Reinvested dividends	$	6,755,027			5			5,528			7,290			64,694			-			2,054			31,500
Mortality and expense risk charges (note 3)		(3,228,636	)		(3	)		(1,651	)		(3,310	)		(36,936	)		(8,532	)		(1,242	)		(7,497	)

Net investment income (loss)		3,526,391			2			3,877			3,980			27,758			(8,532	)		812			24,003

Realized gain (loss) on investments		14,143,652			-			(7,072	)		(47,433	)		51,544			23,792			10,601			4,626
Change in unrealized gain (loss) on investments		60,277,713			9			(12,918	)		36,436			337,020			394,879			89,208			61,892

Net gain (loss) on investments		74,421,365			9			(19,990	)		(10,997	)		388,564			418,671			99,809			66,518

Reinvested capital gains		42,152,339			-			18,845			33,371			189,429			154,309			6,194			82,693

Net increase (decrease) in contract owners’ equity resulting from operations	$	120,100,095			11			2,732			26,354			605,751			564,448			106,815			173,214


Investment Activity:	ACVIP2			ACVMV1			ACVU1			BRVHYI			MLVGA2			DCAP			DGI			DSC
Reinvested dividends	$	7,545			23,100			-			30,878			19,688			36,121			11,727			1,681
Mortality and expense risk charges (note 3)		(2,958	)		(6,708	)		(7,857	)		(3,125	)		(8,537	)		(20,071	)		(7,023	)		(1,352	)

Net investment income (loss)		4,587			16,392			(7,857	)		27,753			11,151			16,050			4,704			329

Realized gain (loss) on investments		13,874			(7,807	)		362,998			(14,570	)		12,853			(33,322	)		45,161			(42,475	)
Change in unrealized gain (loss) on investments		36,780			(42,420	)		(122,288	)		4,203			203,246			635,787			186,924			80,819

Net gain (loss) on investments		50,654			(50,227	)		240,710			(10,367	)		216,099			602,465			232,085			38,344

Reinvested capital gains		-			-			3,036			-			90,746			375,018			110,769			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	55,241			(33,835	)		235,889			17,386			317,996			993,533			347,558			38,673

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	DSIF			DSRG			DVSCS			DWVSVS			DFVGMI			DFVIPS			DSGIBA			FQB
Reinvested dividends	$	730,123			91,302			19,750			2,627			646			2,873			17,303			27,999
Mortality and expense risk charges (note 3)		(221,386	)		(45,267	)		(9,483	)		(1,255	)		(168	)		(1,266	)		(2,788	)		(6,112	)

Net investment income (loss)		508,737			46,035			10,267			1,372			478			1,607			14,515			21,887

Realized gain (loss) on investments		3,135,013			228,027			(40,966	)		(44,363	)		4			1,946			(3,880	)		(1,374	)
Change in unrealized gain (loss) on investments		1,188,425			1,480,604			89,130			(6,792	)		4,683			21,526			21,222			51,158

Net gain (loss) on investments		4,323,438			1,708,631			48,164			(51,155	)		4,687			23,472			17,342			49,784

Reinvested capital gains		2,896,009			99,081			112,458			14,977			699			1,516			12,743			2,999

Net increase (decrease) in contract owners’ equity resulting from operations	$	7,728,184			1,853,747			170,889			(34,806	)		5,864			26,595			44,600			74,670


Investment Activity:	FVU2			FAMP			FCS			FEIP			FEMS			FF10S			FF20S			FF30S
Reinvested dividends	$	1,621			149,133			1,045			628,879			1,962			5,152			12,240			15,469
Mortality and expense risk charges (note 3)		(326	)		(54,244	)		(3,771	)		(179,073	)		(1,031	)		(2,142	)		(5,487	)		(7,119	)

Net investment income (loss)		1,295			94,889			(2,726	)		449,806			931			3,010			6,753			8,350

Realized gain (loss) on investments		(32	)		279,354			10,195			915,291			(4,873	)		4,298			29,138			40,967
Change in unrealized gain (loss) on investments		(681	)		831,557			198,125			(988,212	)		41,966			22,593			39,635			87,285

Net gain (loss) on investments		(713	)		1,110,911			208,320			(72,921	)		37,093			26,891			68,773			128,252

Reinvested capital gains		-			130,890			3,107			1,607,548			24,052			17,583			64,484			65,638

Net increase (decrease) in contract owners’ equity resulting from operations	$	582			1,336,690			208,701			1,984,433			62,076			47,484			140,010			202,240

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	FGP			FHIP			FIGBS			FMCS			FNRS2			FOP			FOS			FRESS
Reinvested dividends	$	64,522			354,047			55,785			29,272			16,769			18,538			14,825			1,206
Mortality and expense risk charges (note 3)		(466,405	)		(35,523	)		(11,051	)		(26,063	)		(3,150	)		(18,781	)		(21,612	)		(211	)

Net investment income (loss)		(401,883	)		318,524			44,734			3,209			13,619			(243	)		(6,787	)		995

Realized gain (loss) on investments		7,698,872			(70,306	)		38,732			(65,023	)		(105,437	)		45,559			33,556			(9,752	)
Change in unrealized gain (loss) on investments		16,820,572			(109,612	)		131,005			944,308			(244,154	)		552,202			563,572			2,009

Net gain (loss) on investments		24,519,444			(179,918	)		169,737			879,285			(349,591	)		597,761			597,128			(7,743	)

Reinvested capital gains		8,205,517			-			869			-			-			19,172			18,313			1,673

Net increase (decrease) in contract owners’ equity resulting from operations	$	32,323,078			138,606			215,340			882,494			(335,972	)		616,690			608,654			(5,075	)


Investment Activity:	FVSS			FTVDM2			FTVFA2			FTVGI2			FTVIS2			FTVRDI			FTVSVI			TIF
Reinvested dividends	$	7,798			18,889			2,756			103,308			72,750			58,434			33,562			1,301
Mortality and expense risk charges (note 3)		(3,696	)		(2,292	)		(1,022	)		(5,627	)		(6,048	)		(18,267	)		(9,546	)		(165	)

Net investment income (loss)		4,102			16,597			1,734			97,681			66,702			40,167			24,016			1,136

Realized gain (loss) on investments		(25,092	)		74,416			(16,843	)		(120,897	)		(27,135	)		(33,757	)		(165,394	)		(67	)
Change in unrealized gain (loss) on investments		60,640			(30,212	)		(15,005	)		(51,411	)		(47,565	)		366,699			108,768			(1,872	)

Net gain (loss) on investments		35,548			44,204			(31,848	)		(172,308	)		(74,700	)		332,942			(56,626	)		(1,939	)

Reinvested capital gains		33,124			11,854			49,111			-			1,030			201,919			120,265			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	72,774			72,655			18,997			(74,627	)		(6,968	)		575,028			87,655			(803	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	TIF2			GVGMNS			GVMSAS			RVARS			ACEG			AVBVI			AVMCCI			IVBRA1
Reinvested dividends	$	15,256			116			124			972			222			17			197			26,155
Mortality and expense risk charges (note 3)		(2,033	)		(232	)		(22	)		(372	)		(1,172	)		-			(117	)		(1,661	)

Net investment income (loss)		13,223			(116	)		102			600			(950	)		17			80			24,494

Realized gain (loss) on investments		(20,770	)		56			5			610			(85	)		(328	)		(1,605	)		(3,436	)
Change in unrealized gain (loss) on investments		(7,059	)		872			572			2,591			84,033			550			1,927			(6,589	)

Net gain (loss) on investments		(27,829	)		928			577			3,201			83,948			222			322			(10,025	)

Reinvested capital gains		-			598			-			-			23,140			193			5,568			16,861

Net increase (decrease) in contract owners’ equity resulting from operations	$	(14,606	)		1,410			679			3,801			106,138			432			5,970			31,330


Investment Activity:	OVAG			OVB			OVGI			OVGS			OVIG			OVMS			OVSB			OVSC
Reinvested dividends	$	553			93,140			14,446			150,670			1,997			108,190			9,563			5,391
Mortality and expense risk charges (note 3)		(9,999	)		(16,068	)		(4,605	)		(109,310	)		(1,173	)		(26,774	)		(747	)		(4,445	)

Net investment income (loss)		(9,446	)		77,072			9,841			41,360			824			81,416			8,816			946

Realized gain (loss) on investments		9,104			207,142			(33,751	)		130,740			(3,305	)		17,894			(2,923	)		(11,652	)
Change in unrealized gain (loss) on investments		572,316			(21,928	)		(835	)		4,586,403			46,864			471,957			(3,306	)		131,022

Net gain (loss) on investments		581,420			185,214			(34,586	)		4,717,143			43,559			489,851			(6,229	)		119,370

Reinvested capital gains		115,284			-			95,136			785,033			2,949			120,217			-			12,212

Net increase (decrease) in contract owners’ equity resulting from operations	$	687,258			262,286			70,391			5,543,536			47,332			691,484			2,587			132,528

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	WRASP			WRHIP			WRMCG			JABS			JACAS			JAEI			JAGTS			JAIGS
Reinvested dividends	$	19,485			39,984			-			29,886			8,696			218			169			27,510
Mortality and expense risk charges (note 3)		(5,163	)		(2,786	)		(3,531	)		(9,183	)		(24,930	)		(1,624	)		(24,281	)		(11,643	)

Net investment income (loss)		14,322			37,198			(3,531	)		20,703			(16,234	)		(1,406	)		(24,112	)		15,867

Realized gain (loss) on investments		(53,433	)		(13,650	)		(4,439	)		60,459			143,771			6,162			702,007			(40,106	)
Change in unrealized gain (loss) on investments		149,620			(3,512	)		263,533			142,879			1,156,427			32,484			1,041,538			381,337

Net gain (loss) on investments		96,187			(17,162	)		259,094			203,338			1,300,198			38,646			1,743,545			341,231

Reinvested capital gains		16,096			-			42,801			28,487			398,602			21,655			490,381			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	126,605			20,036			298,364			252,528			1,682,566			58,895			2,209,814			357,098


Investment Activity:	LOVTRC			MNDIC			MV2IGI			MVFIC			MVIGIC			MSEM			MSVFI			MSVRE
Reinvested dividends	$	3,939			-			1,542			48,929			1,854			24,449			15,711			17,871
Mortality and expense risk charges (note 3)		(861	)		(2,491	)		(1,063	)		(14,293	)		(637	)		(2,895	)		(2,643	)		(3,499	)

Net investment income (loss)		3,078			(2,491	)		479			34,636			1,217			21,554			13,068			14,372

Realized gain (loss) on investments		198			354			21,037			(42,568	)		(5,804	)		(19,669	)		9,446			802
Change in unrealized gain (loss) on investments		4,770			163,320			(19,332	)		(103,804	)		25,167			7,131			(884	)		(180,793	)

Net gain (loss) on investments		4,968			163,674			1,705			(146,372	)		19,363			(12,538	)		8,562			(179,991	)

Reinvested capital gains		3,134			45,046			32,671			137,131			1,687			-			5,743			17,742

Net increase (decrease) in contract owners’ equity resulting from operations	$	11,180			206,229			34,855			25,395			22,267			9,016			27,373			(147,877	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	DTRTFB			EIF			GBF			GEM			GIG			GVAAA2			GVABD2			GVAGG2
Reinvested dividends	$	293			16,926			100,203			22,956			38,225			60,118			7,948			13,962
Mortality and expense risk charges (note 3)		(66	)		(4,942	)		(24,840	)		(5,523	)		(15,153	)		(19,964	)		(2,000	)		(10,746	)

Net investment income (loss)		227			11,984			75,363			17,433			23,072			40,154			5,948			3,216

Realized gain (loss) on investments		39			12,898			(9,192	)		8,415			(32,664	)		6,607			5,977			15,330
Change in unrealized gain (loss) on investments		149			(45,186	)		196,771			97,352			232,074			79,399			18,710			416,326

Net gain (loss) on investments		188			(32,288	)		187,579			105,767			199,410			86,006			24,687			431,656

Reinvested capital gains		-			42,631			-			-			-			310,839			257			142,347

Net increase (decrease) in contract owners’ equity resulting from operations	$	415			22,327			262,942			123,200			222,482			436,999			30,892			577,219


Investment Activity:	GVAGI2			GVAGR2			GVDMA			GVDMC			GVEX1			GVIDA			GVIDC			GVIDM
Reinvested dividends	$	12,448			18,994			10,865			790			83,844			4,359			259			3,925
Mortality and expense risk charges (note 3)		(3,742	)		(13,093	)		(24,238	)		(3,839	)		(21,716	)		(10,660	)		(1,442	)		(11,632	)

Net investment income (loss)		8,706			5,901			(13,373	)		(3,049	)		62,128			(6,301	)		(1,183	)		(7,707	)

Realized gain (loss) on investments		(7,073	)		123,828			147,177			(7,832	)		153,468			(5,206	)		2,735			7,912
Change in unrealized gain (loss) on investments		16,835			790,138			150,827			34,724			445,938			124,299			11,600			89,520

Net gain (loss) on investments		9,762			913,966			298,004			26,892			599,406			119,093			14,335			97,432

Reinvested capital gains		76,858			248,731			309,292			16,782			90,318			128,476			2,466			162,045

Net increase (decrease) in contract owners’ equity resulting from operations	$	95,326			1,168,598			593,923			40,625			751,852			241,268			15,618			251,770

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	GVIX2			HIBF			IDPG			MCIF			MSBF			NCPGI			NVAMV1			NVAMVX
Reinvested dividends	$	15,398			58,516			1			63,708			32,087			-			85,440			22,109
Mortality and expense risk charges (note 3)		(3,183	)		(4,601	)		(4	)		(28,124	)		(6,085	)		-			(25,986	)		(2,243	)

Net investment income (loss)		12,215			53,915			(3	)		35,584			26,002			-			59,454			19,866

Realized gain (loss) on investments		(675	)		(12,846	)		(22	)		(133,358	)		(99,091	)		-			(333,240	)		1,878
Change in unrealized gain (loss) on investments		17,150			14,779			34			494,292			22,708			3			72,888			259,680

Net gain (loss) on investments		16,475			1,933			12			360,934			(76,383	)		3			(260,352	)		261,558

Reinvested capital gains		18,614			-			8			269,860			-			-			138,348			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	47,304			55,848			17			666,378			(50,381	)		3			(62,550	)		281,424


Investment Activity:	NVBX			NVCBD1			NVCCA1			NVCCN1			NVCMA1			NVCMC1			NVCMD1			NVCRA1
Reinvested dividends	$	5,961			18,380			6,350			188			5,984			713			8,377			2,811
Mortality and expense risk charges (note 3)		(1,590	)		(5,059	)		(3,411	)		(192	)		(3,207	)		(677	)		(4,731	)		(1,549	)

Net investment income (loss)		4,371			13,321			2,939			(4	)		2,777			36			3,646			1,262

Realized gain (loss) on investments		3,311			13,388			(15,063	)		2,076			(71,459	)		(1,790	)		(4,282	)		(12,620	)
Change in unrealized gain (loss) on investments		10,398			14,935			57,158			2,874			107,281			10,975			71,738			37,976

Net gain (loss) on investments		13,709			28,323			42,095			4,950			35,822			9,185			67,456			25,356

Reinvested capital gains		-			1,708			24,847			184			11,864			899			28,099			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	18,080			43,352			69,881			5,130			50,463			10,120			99,201			26,618

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	NVCRB1			NVDBL2			NVDCA2			NVDCAP			NVFIII			NVGEII			NVIDMP			NVIX
Reinvested dividends	$	2,973			619			241			-			677			14			-			10,425
Mortality and expense risk charges (note 3)		(2,210	)		(951	)		(762	)		(164	)		(211	)		(4	)		(269	)		(2,038	)

Net investment income (loss)		763			(332	)		(521	)		(164	)		466			10			(269	)		8,387

Realized gain (loss) on investments		(270	)		(915	)		(91	)		(2	)		199			1			3,505			2,949
Change in unrealized gain (loss) on investments		32,281			30,514			8,491			13,626			1,364			142			16,057			10,896

Net gain (loss) on investments		32,011			29,599			8,400			13,624			1,563			143			19,562			13,845

Reinvested capital gains		6,046			13,658			7,799			-			105			-			-			11,997

Net increase (decrease) in contract owners’ equity resulting from operations	$	38,820			42,925			15,678			13,460			2,134			153			19,293			34,229


Investment Activity:	NVLCP1			NVMIG1			NVMIVX			NVMLG1			NVMMG1			NVMMV2			NVNMO1			NVNSR1
Reinvested dividends	$	3,211			42,333			-			-			-			361,830			57,385			1,071
Mortality and expense risk charges (note 3)		(580	)		(23,134	)		(335	)		(11,141	)		(182,525	)		(90,758	)		(68,386	)		(663	)

Net investment income (loss)		2,631			19,199			(335	)		(11,141	)		(182,525	)		271,072			(11,001	)		408

Realized gain (loss) on investments		7,335			(77,845	)		802			(178,143	)		424,238			(609,853	)		343,842			(9,453	)
Change in unrealized gain (loss) on investments		(1,298	)		584,854			48,960			(424,824	)		12,845,638			(185,634	)		198,331			16,485

Net gain (loss) on investments		6,037			507,009			49,762			(602,967	)		13,269,876			(795,487	)		542,173			7,032

Reinvested capital gains		-			1,321,939			-			1,265,849			4,950,149			-			1,170,923			9,030

Net increase (decrease) in contract owners’ equity resulting from operations	$	8,668			1,848,147			49,427			651,741			18,037,500			(524,415	)		1,702,095			16,470

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	NVOLG1			NVRE1			NVSIX2			NVSTB2			NVTIV3			SAM			SCF			SCGF
Reinvested dividends	$	993,481			91,838			3,162			3,870			701			35,622			2,907			-
Mortality and expense risk charges (note 3)		(366,813	)		(29,957	)		(1,620	)		(853	)		(299	)		(84,254	)		(71,608	)		(8,235	)

Net investment income (loss)		626,668			61,881			1,542			3,017			402			(48,632	)		(68,701	)		(8,235	)

Realized gain (loss) on investments		218,414			(155,461	)		(20,751	)		(1,480	)		(3,086	)		-			203,029			(60,362	)
Change in unrealized gain (loss) on investments		4,454,702			(417,218	)		79,299			(23	)		5,210			-			2,474,281			527,845

Net gain (loss) on investments		4,673,116			(572,679	)		58,548			(1,503	)		2,124			-			2,677,310			467,483

Reinvested capital gains		7,576,164			29,417			15,041			-			-			-			613,830			273,579

Net increase (decrease) in contract owners’ equity resulting from operations	$	12,875,948			(481,381	)		75,131			1,514			2,526			(48,632	)		3,222,439			732,827


Investment Activity:	SCVF			TRF			AMCG			AMINS			AMMCGS			AMRS			AMSRS			AMTB
Reinvested dividends	$	2,089			638,585			-			121			-			48			24,386			38,048
Mortality and expense risk charges (note 3)		(13,224	)		(303,272	)		(6,844	)		-			(636	)		-			(8,693	)		(7,007	)

Net investment income (loss)		(11,135	)		335,313			(6,844	)		121			(636	)		48			15,693			31,041

Realized gain (loss) on investments		(221,425	)		2,388,537			32,388			79			20,982			175			30,061			(3,608	)
Change in unrealized gain (loss) on investments		337,547			(1,498,945	)		582,836			1,645			16,711			(1,372	)		548,236			18,958

Net gain (loss) on investments		116,122			889,592			615,224			1,724			37,693			(1,197	)		578,297			15,350

Reinvested capital gains		13,999			4,067,739			100,721			1,227			6,688			-			167,507			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	118,986			5,292,644			709,101			3,072			43,745			(1,149	)		761,497			46,391

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	NOTB3			NOTG3			NOTMG3			PMVAAA			PMVFBA			PMVLDA			PMVRSA			PMVTRA
Reinvested dividends	$	219			45			1			10,571			6,104			17,385			679			11,605
Mortality and expense risk charges (note 3)		(51	)		(11	)		-			(1,054	)		(650	)		(5,314	)		(57	)		(2,834	)

Net investment income (loss)		168			34			1			9,517			5,454			12,071			622			8,771

Realized gain (loss) on investments		(21	)		(1	)		-			71			(506	)		(3,948	)		(37	)		3,016
Change in unrealized gain (loss) on investments		226			67			3			7,628			5,075			29,400			1,260			22,962

Net gain (loss) on investments		205			66			3			7,699			4,569			25,452			1,223			25,978

Reinvested capital gains		141			-			-			-			-			-			-			6,423

Net increase (decrease) in contract owners’ equity resulting from operations	$	514			100			4			17,216			10,023			37,523			1,845			41,172


Investment Activity:	PVEIB			PVGOB			PVTIGB			TRHS2			TRLT2			VWBF			VWEM			VWHA
Reinvested dividends	$	6,432			588			3,734			-			790			47,190			63,422			19,623
Mortality and expense risk charges (note 3)		(1,966	)		(8,412	)		(1,000	)		(23,036	)		-			(3,755	)		(15,632	)		(10,487	)

Net investment income (loss)		4,466			(7,824	)		2,734			(23,036	)		790			43,435			47,790			9,136

Realized gain (loss) on investments		(8,229	)		112,305			(3,579	)		277,565			7			(15,503	)		65,162			(294,542	)
Change in unrealized gain (loss) on investments		(1,088	)		328,069			26,766			592,054			1,341			24,455			264,059			699,037

Net gain (loss) on investments		(9,317	)		440,374			23,187			869,619			1,348			8,952			329,221			404,495

Reinvested capital gains		25,899			83,106			-			306,942			-			-			95,258			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	21,048			515,656			25,921			1,153,525			2,138			52,387			472,269			413,631

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020


Investment Activity:	VRVDRI			SVDF			SVOF			WFVSCG			IVKMG1			GVDIVI			NVMLV1			NVLCAP
Reinvested dividends	$	45			-			6,002			-			-			31,363			18,542			610
Mortality and expense risk charges (note 3)		(54	)		(5,624	)		(9,943	)		(2,410	)		(382	)		(1,303	)		(3,881	)		(648	)

Net investment income (loss)		(9	)		(5,624	)		(3,941	)		(2,410	)		(382	)		30,060			14,661			(38	)

Realized gain (loss) on investments		(6,173	)		10,724			66,373			(32,102	)		(84,644	)		(236,616	)		(1,002,764	)		(233	)
Change in unrealized gain (loss) on investments		1,904			367,078			103,002			250,045			(3,141	)		114,508			328,757			(8,015	)

Net gain (loss) on investments		(4,269	)		377,802			169,375			217,943			(87,785	)		(122,108	)		(674,007	)		(8,248	)

Reinvested capital gains		69			73,272			103,770			25,900			71,677			-			494,720			2,174

Net increase (decrease) in contract owners’ equity resulting from operations	$	(4,209	)		445,450			269,204			241,433			(16,490	)		(92,048	)		(164,626	)		(6,112	)


Investment Activity:	NVLMP
Reinvested dividends	$	1,353
Mortality and expense risk charges (note 3)		(1,016	)

Net investment income (loss)		337

Realized gain (loss) on investments		(20,300	)
Change in unrealized gain (loss) on investments		1,305

Net gain (loss) on investments		(18,995	)

Reinvested capital gains		14,700

Net increase (decrease) in contract owners’ equity resulting from operations	$	(3,958	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	Total (unaudited)						ALVDAA						ALVGIA						ALVSVA
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	3,526,391			5,736,359			2			3			3,877			3,207			3,980			966
Realized gain (loss) on investments		14,143,652			13,628,549			-			(2	)		(7,072	)		5,484			(47,433	)		(19,542	)
Change in unrealized gain (loss) on investments		60,277,713			66,390,343			9			27			(12,918	)		32,160			36,436			81,125
Reinvested capital gains		42,152,339			62,042,241			-			-			18,845			43,129			33,371			93,721

Net increase (decrease) in contract owners’ equity resulting from operations		120,100,095			147,797,492			11			28			2,732			83,980			26,354			156,270

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		21,092,153			18,307,571			90			30			8,210			8,661			25,562			90,854
Transfers between funds		(156	)		-			-			-			(11,979	)		22,774			(14,178	)		(40,970	)
Surrenders (notes 2, 3, 4, 5 and 6)		(67,810,883	)		(72,298,727	)		(79	)		76			(37,415	)		(34,292	)		(76,019	)		(147,817	)
Adjustments to maintain reserves		67,371			56,381			(11	)		11			30			(15	)		25			12

Net equity transactions		(46,651,515	)		(53,934,775	)		-			117			(41,154	)		(2,872	)		(64,610	)		(97,921	)

Net change in contract owners’ equity		73,448,580			93,862,717			11			145			(38,422	)		81,108			(38,256	)		58,349
Contract owners’ equity at beginning of period		653,332,517			559,469,800			257			112			438,991			357,883			900,690			842,341

Contract owners’ equity at end of period	$	726,781,097			653,332,517			268			257			400,569			438,991			862,434			900,690

CHANGE IN UNITS:
Beginning units		16,511,829			17,900,376			18			9			11,184			11,311			18,146			20,368
Units purchased		1,904,115			1,614,281			22			16			327			1,434			1,519			1,447
Units surrendered		(2,747,804	)		(3,002,828	)		(22	)		(7	)		(1,526	)		(1,561	)		(2,813	)		(3,669	)

Ending units		15,668,140			16,511,829			18			18			9,985			11,184			16,852			18,146

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	ACVB						ACVCA						ACVI						ACVIG
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	27,758			47,564			(8,532	)		(9,635	)		812			2,344			24,003			26,577
Realized gain (loss) on investments		51,544			22,038			23,792			296			10,601			5,181			4,626			9,656
Change in unrealized gain (loss) on investments		337,020			739,274			394,879			185,694			89,208			67,722			61,892			160,620
Reinvested capital gains		189,429			121,093			154,309			252,811			6,194			20,210			82,693			137,048

Net increase (decrease) in contract owners’ equity resulting from operations		605,751			929,969			564,448			429,166			106,815			95,457			173,214			333,901

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		96,858			99,105			7,527			11,782			3,352			3,869			57,710			49,216
Transfers between funds		65,308			11,439			(2,478	)		(10,791	)		222,516			591			(121,420	)		137,915
Surrenders (notes 2, 3, 4, 5 and 6)		(771,539	)		(444,534	)		(173,164	)		(214,481	)		(39,902	)		(17,790	)		(192,015	)		(179,442	)
Adjustments to maintain reserves		15			(59	)		6,522			4,067			4,982			4,570			(11	)		33

Net equity transactions		(609,358	)		(334,049	)		(161,593	)		(209,423	)		190,948			(8,760	)		(255,736	)		7,722

Net change in contract owners’ equity		(3,607	)		595,920			402,855			219,743			297,763			86,697			(82,522	)		341,623
Contract owners’ equity at beginning of period		5,580,785			4,984,865			1,501,748			1,282,005			446,208			359,511			1,762,527			1,420,904

Contract owners’ equity at end of period	$	5,577,178			5,580,785			1,904,603			1,501,748			743,971			446,208			1,680,005			1,762,527

CHANGE IN UNITS:
Beginning units		154,992			162,951			43,716			52,029			15,473			15,888			54,791			54,209
Units purchased		3,459			4,468			892			760			12,721			229			2,426			7,138
Units surrendered		(15,687	)		(12,427	)		(7,045	)		(9,073	)		(1,736	)		(644	)		(10,236	)		(6,556	)

Ending units		142,764			154,992			37,563			43,716			26,458			15,473			46,981			54,791

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	ACVIP2						ACVMV1						ACVU1						BRVHYI
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	4,587			16,914			16,392			34,139			(7,857	)		(8,913	)		27,753			7,994
Realized gain (loss) on investments		13,874			(39,812	)		(7,807	)		15,948			362,998			17,966			(14,570	)		11
Change in unrealized gain (loss) on investments		36,780			100,300			(42,420	)		254,152			(122,288	)		143,372			4,203			13,718
Reinvested capital gains		-			-			-			236,130			3,036			90,260			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		55,241			77,402			(33,835	)		540,369			235,889			242,685			17,386			21,723

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		32,262			33,782			29,228			34,401			102,194			-			21,892			2,721
Transfers between funds		(105,202	)		(255,238	)		(655,352	)		(157,490	)		(1,064,655	)		(140,308	)		449,361			137,560
Surrenders (notes 2, 3, 4, 5 and 6)		(69,149	)		(244,354	)		(129,006	)		(276,086	)		(106,326	)		153,888			(27,382	)		(8,571	)
Adjustments to maintain reserves		30			(36	)		16			9			26			(19	)		1,769			(8	)

Net equity transactions		(142,059	)		(465,846	)		(755,114	)		(399,166	)		(1,068,761	)		13,561			445,640			131,702

Net change in contract owners’ equity		(86,818	)		(388,444	)		(788,949	)		141,203			(832,872	)		256,246			463,026			153,425
Contract owners’ equity at beginning of period		601,513			989,957			2,189,116			2,047,913			1,015,024			758,778			212,452			59,027

Contract owners’ equity at end of period	$	514,695			601,513			1,400,167			2,189,116			182,152			1,015,024			675,478			212,452

CHANGE IN UNITS:
Beginning units		36,595			64,811			56,551			68,042			28,843			28,727			18,555			5,916
Units purchased		3,891			4,896			1,325			1,672			330			5,586			39,371			13,774
Units surrendered		(11,785	)		(33,112	)		(21,942	)		(13,163	)		(25,715	)		(5,470	)		(2,657	)		(1,135	)

Ending units		28,701			36,595			35,934			56,551			3,458			28,843			55,269			18,555

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	MLVGA2						DCAP						DGI						DSC
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	11,151			11,454			16,050			30,756			4,704			8,870			329			(1,695	)
Realized gain (loss) on investments		12,853			(19,847	)		(33,322	)		(10,272	)		45,161			101,576			(42,475	)		(6,481	)
Change in unrealized gain (loss) on investments		203,246			236,052			635,787			789,071			186,924			91,996			80,819			9,445
Reinvested capital gains		90,746			61,263			375,018			472,895			110,769			162,508			-			55,337

Net increase (decrease) in contract owners’ equity resulting from operations		317,996			288,922			993,533			1,282,450			347,558			364,950			38,673			56,606

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		78,660			63,068			111,846			112,961			34,208			38,462			9,944			12,443
Transfers between funds		(173,254	)		(16,039	)		(101,766	)		(23,509	)		(4,278	)		(71,503	)		(56,050	)		13,268
Surrenders (notes 2, 3, 4, 5 and 6)		(168,018	)		(221,475	)		(569,132	)		(357,067	)		(130,030	)		(163,291	)		(14,586	)		(27,137	)
Adjustments to maintain reserves		1			1			88			36			27			(18	)		(23	)		19

Net equity transactions		(262,611	)		(174,445	)		(558,964	)		(267,579	)		(100,073	)		(196,350	)		(60,715	)		(1,407	)

Net change in contract owners’ equity		55,385			114,477			434,569			1,014,871			247,485			168,600			(22,042	)		55,199
Contract owners’ equity at beginning of period		1,871,842			1,757,365			4,745,452			3,730,581			1,550,484			1,381,884			313,524			258,325

Contract owners’ equity at end of period	$	1,927,227			1,871,842			5,180,021			4,745,452			1,797,969			1,550,484			291,482			313,524

CHANGE IN UNITS:
Beginning units		93,183			102,683			110,653			118,233			37,988			44,464			10,752			10,737
Units purchased		5,314			6,107			4,356			4,405			2,537			2,331			545			2,049
Units surrendered		(18,764	)		(15,607	)		(17,080	)		(11,985	)		(5,436	)		(8,807	)		(2,870	)		(2,034	)

Ending units		79,733			93,183			97,929			110,653			35,089			37,988			8,427			10,752

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	DSIF						DSRG						DVSCS						DWVSVS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	508,737			557,401			46,035			67,965			10,267			12,839			1,372			969
Realized gain (loss) on investments		3,135,013			3,260,860			228,027			177,031			(40,966	)		78,000			(44,363	)		(5,277	)
Change in unrealized gain (loss) on investments		1,188,425			5,836,713			1,480,604			1,644,264			89,130			183,104			(6,792	)		54,423
Reinvested capital gains		2,896,009			2,290,149			99,081			240,210			112,458			254,733			14,977			28,410

Net increase (decrease) in contract owners’ equity resulting from operations		7,728,184			11,945,123			1,853,747			2,129,470			170,889			528,676			(34,806	)		78,525

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,085,483			1,095,921			255,337			250,016			33,925			114,123			1,815			2,443
Transfers between funds		(730,935	)		(1,323,360	)		9,497			(21,719	)		(87,819	)		(747,265	)		(30,115	)		11,169
Surrenders (notes 2, 3, 4, 5 and 6)		(4,332,407	)		(4,360,718	)		(659,228	)		(659,908	)		(152,874	)		(393,604	)		(30,462	)		(13,385	)
Adjustments to maintain reserves		3,906			4,958			294			219			43			13			9			-

Net equity transactions		(3,973,953	)		(4,583,199	)		(394,100	)		(431,392	)		(206,725	)		(1,026,733	)		(58,753	)		227

Net change in contract owners’ equity		3,754,231			7,361,924			1,459,647			1,698,078			(35,836	)		(498,057	)		(93,559	)		78,752
Contract owners’ equity at beginning of period		48,346,728			40,984,804			8,207,582			6,509,504			2,234,991			2,733,048			372,107			293,355

Contract owners’ equity at end of period	$	52,100,959			48,346,728			9,667,229			8,207,582			2,199,155			2,234,991			278,548			372,107

CHANGE IN UNITS:
Beginning units		606,380			669,994			125,019			132,225			54,408			82,256			20,316			20,350
Units purchased		22,962			24,567			13,464			9,016			1,845			2,511			406			891
Units surrendered		(81,339	)		(88,181	)		(14,544	)		(16,222	)		(7,733	)		(30,359	)		(5,097	)		(925	)

Ending units		548,003			606,380			123,939			125,019			48,520			54,408			15,625			20,316

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	DFVGMI						DFVIPS						DSGIBA						FQB
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	478			509			1,607			2,591			14,515			3,543			21,887			26,553
Realized gain (loss) on investments		4			(11	)		1,946			44			(3,880	)		(1,846	)		(1,374	)		(12,824	)
Change in unrealized gain (loss) on investments		4,683			3,692			21,526			14,839			21,222			41,959			51,158			74,474
Reinvested capital gains		699			213			1,516			-			12,743			155			2,999			42

Net increase (decrease) in contract owners’ equity resulting from operations		5,864			4,403			26,595			17,474			44,600			43,811			74,670			88,245

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		28,232			806			1,969			1,997			4,059			3,487			19,406			23,940
Transfers between funds		(38	)		-			19,922			-			34,293			413,229			736,813			69,685
Surrenders (notes 2, 3, 4, 5 and 6)		(1,081	)		(1,010	)		(2,484	)		(2,901	)		(8,254	)		(6,210	)		(93,114	)		(171,968	)
Adjustments to maintain reserves		(4	)		2			2			(6	)		3			(6	)		29			(19	)

Net equity transactions		27,109			(202	)		19,409			(910	)		30,101			410,500			663,134			(78,362	)

Net change in contract owners’ equity		32,973			4,201			46,004			16,564			74,701			454,311			737,804			9,883
Contract owners’ equity at beginning of period		29,370			25,169			237,559			220,995			569,890			115,579			1,030,607			1,020,724

Contract owners’ equity at end of period	$	62,343			29,370			283,563			237,559			644,591			569,890			1,768,411			1,030,607

CHANGE IN UNITS:
Beginning units		2,480			2,498			21,935			22,021			43,136			10,462			52,411			56,401
Units purchased		2,369			74			1,866			190			3,734			33,338			41,282			7,459
Units surrendered		(95	)		(92	)		(247	)		(276	)		(1,579	)		(664	)		(7,055	)		(11,449	)

Ending units		4,754			2,480			23,554			21,935			45,291			43,136			86,638			52,411

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	FVU2						FAMP						FCS						FEIP
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	1,295			888			94,889			119,306			(2,726	)		4			449,806			538,764
Realized gain (loss) on investments		(32	)		(28	)		279,354			2,046			10,195			15			915,291			(267,685	)
Change in unrealized gain (loss) on investments		(681	)		9,534			831,557			1,050,466			198,125			909			(988,212	)		5,961,453
Reinvested capital gains		-			-			130,890			414,029			3,107			-			1,607,548			2,324,708

Net increase (decrease) in contract owners’ equity resulting from operations		582			10,394			1,336,690			1,585,847			208,701			928			1,984,433			8,557,240

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		4,321			4,239			317,746			327,424			94,380			1,395			991,483			1,074,913
Transfers between funds		9,918			-			(76,913	)		(17,526	)		753,100			23,778			(3,294	)		98,506
Surrenders (notes 2, 3, 4, 5 and 6)		1,310			(944	)		(957,984	)		(1,009,325	)		(11,324	)		334			(3,066,586	)		(3,801,278	)
Adjustments to maintain reserves		3			(6	)		846			856			19			(4	)		2,233			7,865

Net equity transactions		15,552			3,289			(716,305	)		(698,571	)		836,175			25,503			(2,076,164	)		(2,619,994	)

Net change in contract owners’ equity		16,134			13,683			620,385			887,276			1,044,876			26,431			(91,731	)		5,937,246
Contract owners’ equity at beginning of period		64,793			51,110			10,221,231			9,333,955			26,431			-			38,852,436			32,915,190

Contract owners’ equity at end of period	$	80,927			64,793			10,841,616			10,221,231			1,071,307			26,431			38,760,705			38,852,436

CHANGE IN UNITS:
Beginning units		5,959			5,622			209,936			224,776			2,386			-			390,019			417,741
Units purchased		1,805			764			9,548			12,204			73,393			2,423			18,072			24,872
Units surrendered		(354	)		(427	)		(32,778	)		(27,044	)		(1,259	)		(37	)		(47,724	)		(52,594	)

Ending units		7,410			5,959			186,706			209,936			74,520			2,386			360,367			390,019

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	FEMS						FF10S						FF20S						FF30S
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	931			1,816			3,010			5,918			6,753			16,058			8,350			16,406
Realized gain (loss) on investments		(4,873	)		171			4,298			8,023			29,138			46,113			40,967			54,347
Change in unrealized gain (loss) on investments		41,966			36,283			22,593			26,413			39,635			67,074			87,285			153,388
Reinvested capital gains		24,052			-			17,583			16,094			64,484			61,916			65,638			44,243

Net increase (decrease) in contract owners’ equity resulting from operations		62,076			38,270			47,484			56,448			140,010			191,161			202,240			268,384

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		14,462			8,350			4,145			3,923			33,644			38,800			104,154			38,878
Transfers between funds		66,498			39,523			25,401			12			(8,293	)		44,457			(20,364	)		28,897
Surrenders (notes 2, 3, 4, 5 and 6)		(18,345	)		(7,958	)		(26,876	)		(35,517	)		(179,537	)		(209,712	)		(75,227	)		(166,067	)
Adjustments to maintain reserves		2			(7	)		8			(4	)		2			(9	)		33			(7	)

Net equity transactions		62,617			39,908			2,678			(31,586	)		(154,184	)		(126,464	)		8,596			(98,299	)

Net change in contract owners’ equity		124,693			78,178			50,162			24,862			(14,174	)		64,697			210,836			170,085
Contract owners’ equity at beginning of period		202,855			124,677			410,033			385,171			1,138,515			1,073,818			1,303,811			1,133,726

Contract owners’ equity at end of period	$	327,548			202,855			460,195			410,033			1,124,341			1,138,515			1,514,647			1,303,811

CHANGE IN UNITS:
Beginning units		18,993			15,018			18,832			20,411			47,862			53,908			49,805			53,527
Units purchased		5,479			4,826			1,439			762			2,893			5,082			6,347			3,721
Units surrendered		(976	)		(851	)		(1,370	)		(2,341	)		(9,285	)		(11,128	)		(6,275	)		(7,443	)

Ending units		23,496			18,993			18,901			18,832			41,470			47,862			49,877			49,805

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	FGP						FHIP						FIGBS						FMCS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(401,883	)		(201,446	)		318,524			344,732			44,734			47,150			3,209			16,970
Realized gain (loss) on investments		7,698,872			3,513,236			(70,306	)		(46,346	)		38,732			(6,013	)		(65,023	)		11,276
Change in unrealized gain (loss) on investments		16,820,572			12,799,921			(109,612	)		699,811			131,005			141,707			944,308			516,352
Reinvested capital gains		8,205,517			4,381,277			-			-			869			-			-			658,190

Net increase (decrease) in contract owners’ equity resulting from operations		32,323,078			20,492,988			138,606			998,197			215,340			182,844			882,494			1,202,788

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,944,440			1,770,351			269,698			300,361			36,753			41,050			152,447			225,927
Transfers between funds		(2,788,533	)		924,813			(20,601	)		(505	)		537,383			156,054			(14,316	)		(286,947	)
Surrenders (notes 2, 3, 4, 5 and 6)		(8,268,736	)		(6,521,271	)		(661,337	)		(723,368	)		(265,779	)		(202,953	)		(666,767	)		(731,229	)
Adjustments to maintain reserves		13,013			9,495			78			866			3			7			10			19

Net equity transactions		(9,099,816	)		(3,816,612	)		(412,162	)		(422,646	)		308,360			(5,842	)		(528,626	)		(792,230	)

Net change in contract owners’ equity		23,223,262			16,676,376			(273,556	)		575,551			523,700			177,002			353,868			410,558
Contract owners’ equity at beginning of period		79,192,941			62,516,565			7,595,846			7,020,295			2,209,131			2,032,129			5,901,648			5,491,090

Contract owners’ equity at end of period	$	102,416,203			79,192,941			7,322,290			7,595,846			2,732,831			2,209,131			6,255,516			5,901,648

CHANGE IN UNITS:
Beginning units		691,597			692,945			141,469			149,247			120,310			120,824			104,795			119,729
Units purchased		21,626			59,639			9,300			9,457			30,172			14,114			5,113			5,090
Units surrendered		(170,872	)		(60,987	)		(18,672	)		(17,235	)		(13,481	)		(14,628	)		(15,393	)		(20,024	)

Ending units		542,351			691,597			132,097			141,469			137,001			120,310			94,515			104,795

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	FNRS2						FOP						FOS						FRESS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	13,619			13,484			(243	)		53,033			(6,787	)		45,346			995			1,063
Realized gain (loss) on investments		(105,437	)		(85,969	)		45,559			17,753			33,556			8,649			(9,752	)		1,048
Change in unrealized gain (loss) on investments		(244,154	)		160,349			552,202			776,811			563,572			719,682			2,009			50
Reinvested capital gains		-			698			19,172			151,329			18,313			130,771			1,673			448

Net increase (decrease) in contract owners’ equity resulting from operations		(335,972	)		88,562			616,690			998,926			608,654			904,448			(5,075	)		2,609

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		71,765			74,276			3,437			3,893			214,016			238,227			6,625			2,320
Transfers between funds		15,490			(48,621	)		(31,946	)		(38,081	)		217,465			255,904			12,827			40,537
Surrenders (notes 2, 3, 4, 5 and 6)		(95,390	)		(124,143	)		(303,083	)		(327,363	)		(455,277	)		(378,947	)		(2,508	)		(1,410	)
Adjustments to maintain reserves		1			-			860			935			32			4			(3	)		(5	)

Net equity transactions		(8,134	)		(98,488	)		(330,732	)		(360,616	)		(23,764	)		115,188			16,941			41,442

Net change in contract owners’ equity		(344,106	)		(9,926	)		285,958			638,310			584,890			1,019,636			11,866			44,051
Contract owners’ equity at beginning of period		1,019,156			1,029,082			4,462,671			3,824,361			4,294,084			3,274,448			57,303			13,252

Contract owners’ equity at end of period	$	675,050			1,019,156			4,748,629			4,462,671			4,878,974			4,294,084			69,169			57,303

CHANGE IN UNITS:
Beginning units		65,125			71,950			113,238			125,498			347,031			336,116			4,895			1,385
Units purchased		11,808			7,649			951			951			48,090			64,129			2,461			3,695
Units surrendered		(12,424	)		(14,474	)		(8,687	)		(13,211	)		(52,000	)		(53,214	)		(1,002	)		(185	)

Ending units		64,509			65,125			105,502			113,238			343,121			347,031			6,354			4,895

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	FVSS						FTVDM2						FTVFA2						FTVGI2
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	4,102			6,219			16,597			3,649			1,734			6,464			97,681			131,556
Realized gain (loss) on investments		(25,092	)		(10,732	)		74,416			12,485			(16,843	)		(3,446	)		(120,897	)		(57,042	)
Change in unrealized gain (loss) on investments		60,640			124,982			(30,212	)		135,608			(15,005	)		19,818			(51,411	)		(46,217	)
Reinvested capital gains		33,124			56,405			11,854			-			49,111			13,925			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		72,774			176,874			72,655			151,742			18,997			36,761			(74,627	)		28,297

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		70,616			15,838			17,497			13,347			10,368			11,257			40,498			59,986
Transfers between funds		51,363			12,835			308,488			(20,173	)		14,431			(132	)		(18,972	)		(131,839	)
Surrenders (notes 2, 3, 4, 5 and 6)		(59,573	)		(50,670	)		(552,984	)		(47,368	)		(47,841	)		(32,267	)		(559,277	)		(173,806	)
Adjustments to maintain reserves		(41	)		37			(2	)		11			(6	)		5			4			2

Net equity transactions		62,365			(21,960	)		(227,001	)		(54,183	)		(23,048	)		(21,137	)		(537,747	)		(245,657	)

Net change in contract owners’ equity		135,139			154,914			(154,346	)		97,559			(4,051	)		15,624			(612,374	)		(217,360	)
Contract owners’ equity at beginning of period		688,068			533,154			714,807			617,248			211,274			195,650			1,774,820			1,992,180

Contract owners’ equity at end of period	$	823,207			688,068			560,461			714,807			207,223			211,274			1,162,446			1,774,820

CHANGE IN UNITS:
Beginning units		20,422			21,138			55,113			60,005			12,621			13,925			173,186			197,270
Units purchased		4,949			1,445			2,514			2,672			1,441			739			7,703			8,021
Units surrendered		(2,602	)		(2,161	)		(20,574	)		(7,564	)		(2,899	)		(2,043	)		(60,691	)		(32,105	)

Ending units		22,769			20,422			37,053			55,113			11,163			12,621			120,198			173,186

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	FTVIS2						FTVRDI						FTVSVI						TIF
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	66,702			65,260			40,167			40,676			24,016			18,715			1,136			711
Realized gain (loss) on investments		(27,135	)		(9,459	)		(33,757	)		(9,394	)		(165,394	)		(74,041	)		(67	)		3,729
Change in unrealized gain (loss) on investments		(47,565	)		111,475			366,699			402,837			108,768			220,115			(1,872	)		670
Reinvested capital gains		1,030			21,707			201,919			605,478			120,265			376,411			-			470

Net increase (decrease) in contract owners’ equity resulting from operations		(6,968	)		188,983			575,028			1,039,597			87,655			541,200			(803	)		5,580

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		56,635			64,180			75,317			82,713			40,134			44,485			-			-
Transfers between funds		(40,741	)		(6,894	)		(160,718	)		(45,870	)		60,777			(72,188	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(131,631	)		(111,270	)		(458,703	)		(547,114	)		(149,770	)		(405,777	)		(1,309	)		(13,019	)
Adjustments to maintain reserves		15			(7	)		41			(11	)		5			39			(19	)		6

Net equity transactions		(115,722	)		(53,991	)		(544,063	)		(510,282	)		(48,854	)		(433,441	)		(1,328	)		(13,013	)

Net change in contract owners’ equity		(122,690	)		134,992			30,965			529,315			38,801			107,759			(2,131	)		(7,433	)
Contract owners’ equity at beginning of period		1,374,053			1,239,061			4,383,042			3,853,727			2,334,779			2,227,020			43,011			50,444

Contract owners’ equity at end of period	$	1,251,363			1,374,053			4,414,007			4,383,042			2,373,580			2,334,779			40,880			43,011

CHANGE IN UNITS:
Beginning units		66,232			68,998			98,970			112,291			46,596			56,071			1,613			2,128
Units purchased		3,828			4,869			2,574			3,186			3,406			1,997			-			-
Units surrendered		(9,760	)		(7,635	)		(15,352	)		(16,507	)		(4,856	)		(11,472	)		(58	)		(515	)

Ending units		60,300			66,232			86,192			98,970			45,146			46,596			1,555			1,613

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	TIF2						GVGMNS						GVMSAS					RVARS
	2020			2019			2020			2019			2020			2019		2020			2019
Investment activity:
Net investment income (loss)	$	13,223			14,332			(116	)		371			102			-		600			930
Realized gain (loss) on investments		(20,770	)		(78,536	)		56			121			5			-		610			(49	)
Change in unrealized gain (loss) on investments		(7,059	)		138,815			872			2,099			572			-		2,591			1,353
Reinvested capital gains		-			11,429			598			1,772			-			-		-			-

Net increase (decrease) in contract owners’ equity resulting from operations		(14,606	)		86,040			1,410			4,363			679			-		3,801			2,234

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		13,900			23,567			766			1,273			-			-		797			929
Transfers between funds		(189,875	)		(329,151	)		-			-			6,197			-		(9,174	)		20,142
Surrenders (notes 2, 3, 4, 5 and 6)		(47,789	)		(71,286	)		(2,180	)		(2,012	)		(83	)		-		(2,024	)		(5,471	)
Adjustments to maintain reserves		19			(11	)		6			(8	)		3			-		6			(5	)

Net equity transactions		(223,745	)		(376,881	)		(1,408	)		(747	)		6,117			-		(10,395	)		15,595

Net change in contract owners’ equity		(238,351	)		(290,841	)		2			3,616			6,796			-		(6,594	)		17,829
Contract owners’ equity at beginning of period		754,210			1,045,051			42,547			38,931			-			-		70,946			53,117

Contract owners’ equity at end of period	$	515,859			754,210			42,549			42,547			6,796			-		64,352			70,946

CHANGE IN UNITS:
Beginning units		79,633			123,707			3,068			3,125			-			-		6,699			5,241
Units purchased		3,701			4,179			58			98			633			-		76			2,103
Units surrendered		(28,052	)		(48,253	)		(164	)		(155	)		(8	)		-		(1,087	)		(645	)

Ending units		55,282			79,633			2,962			3,068			625			-		5,688			6,699

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	ACEG						AVBVI						AVMCCI						IVBRA1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(950	)		(933	)		17			9			80			(4	)		24,494			(1,583	)
Realized gain (loss) on investments		(85	)		(1,392	)		(328	)		(160	)		(1,605	)		(26	)		(3,436	)		(3,710	)
Change in unrealized gain (loss) on investments		84,033			38,053			550			261			1,927			264			(6,589	)		47,205
Reinvested capital gains		23,140			32,091			193			840			5,568			241			16,861			-

Net increase (decrease) in contract owners’ equity resulting from operations		106,138			67,819			432			950			5,970			475			31,330			41,912

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		2,202			1,500			229			458			20,272			45			208,589			358,313
Transfers between funds		98,217			(253	)		477			60			5,626			3			(5,439	)		(22	)
Surrenders (notes 2, 3, 4, 5 and 6)		(13,014	)		(17,809	)		(137	)		(124	)		(406	)		(190	)		(206,505	)		(366,489	)
Adjustments to maintain reserves		40			(41	)		24			(16	)		8			(9	)		3			(6	)

Net equity transactions		87,445			(16,603	)		593			378			25,500			(151	)		(3,352	)		(8,204	)

Net change in contract owners’ equity		193,583			51,216			1,025			1,328			31,470			324			27,978			33,708
Contract owners’ equity at beginning of period		243,820			192,604			4,251			2,923			2,316			1,992			330,162			296,454

Contract owners’ equity at end of period	$	437,403			243,820			5,276			4,251			33,786			2,316			358,140			330,162

CHANGE IN UNITS:
Beginning units		9,418			10,144			147			132			130			139			25,929			26,687
Units purchased		3,331			357			31			20			1,639			3			3,548			2,089
Units surrendered		(820	)		(1,083	)		(5	)		(5	)		(45	)		(12	)		(3,845	)		(2,847	)

Ending units		11,929			9,418			173			147			1,724			130			25,632			25,929

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	OVAG						OVB						OVGI						OVGS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(9,446	)		(7,894	)		77,072			81,928			9,841			8,050			41,360			81,590
Realized gain (loss) on investments		9,104			13,919			207,142			10,070			(33,751	)		(31,145	)		130,740			355,887
Change in unrealized gain (loss) on investments		572,316			247,680			(21,928	)		154,301			(835	)		147,475			4,586,403			2,170,909
Reinvested capital gains		115,284			174,263			-			-			95,136			210,875			785,033			2,963,453

Net increase (decrease) in contract owners’ equity resulting from operations		687,258			427,968			262,286			246,299			70,391			335,255			5,543,536			5,571,839

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		36,649			28,751			121,335			141,408			13,604			18,295			430,765			543,108
Transfers between funds		816,824			251			795,656			72,276			(68,854	)		(33,646	)		(223,270	)		(257,717	)
Surrenders (notes 2, 3, 4, 5 and 6)		(127,733	)		(171,646	)		(361,133	)		(310,813	)		(222,967	)		(196,353	)		(2,060,870	)		(2,459,780	)
Adjustments to maintain reserves		22			5			(236	)		1,110			25			-			10,737			9,770

Net equity transactions		725,762			(142,639	)		555,622			(96,019	)		(278,192	)		(211,704	)		(1,842,638	)		(2,164,619	)

Net change in contract owners’ equity		1,413,020			285,329			817,908			150,280			(207,801	)		123,551			3,700,898			3,407,220
Contract owners’ equity at beginning of period		1,424,032			1,138,703			2,974,342			2,824,062			1,239,435			1,115,884			22,159,620			18,752,400

Contract owners’ equity at end of period	$	2,837,052			1,424,032			3,792,250			2,974,342			1,031,634			1,239,435			25,860,518			22,159,620

CHANGE IN UNITS:
Beginning units		85,026			93,540			117,060			118,667			45,429			53,848			236,817			264,280
Units purchased		46,109			9,941			60,550			14,831			1,230			2,316			7,778			8,235
Units surrendered		(8,307	)		(18,455	)		(17,196	)		(16,438	)		(13,439	)		(10,735	)		(26,490	)		(35,698	)

Ending units		122,828			85,026			160,414			117,060			33,220			45,429			218,105			236,817

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	OVIG						OVMS						OVSB						OVSC
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	824			1,009			81,416			84,514			8,816			6,205			946			(3,107	)
Realized gain (loss) on investments		(3,305	)		(253	)		17,894			(10,135	)		(2,923	)		(1,356	)		(11,652	)		10,528
Change in unrealized gain (loss) on investments		46,864			39,743			471,957			609,619			(3,306	)		13,297			131,022			125,173
Reinvested capital gains		2,949			9,965			120,217			78,364			-			-			12,212			97,133

Net increase (decrease) in contract owners’ equity resulting from operations		47,332			50,464			691,484			762,362			2,587			18,146			132,528			229,727

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		2,367			2,585			179,643			182,811			6,755			6,579			21,043			22,117
Transfers between funds		102,053			-			(16,909	)		11,875			(14,239	)		1,236			(127,877	)		(12,286	)
Surrenders (notes 2, 3, 4, 5 and 6)		(13,719	)		(45,824	)		(420,156	)		(544,632	)		(8,275	)		(18,814	)		(64,611	)		(125,405	)
Adjustments to maintain reserves		9			5			739			714			(7	)		(12	)		9			59

Net equity transactions		90,710			(43,234	)		(256,683	)		(349,232	)		(15,766	)		(11,011	)		(171,436	)		(115,515	)

Net change in contract owners’ equity		138,042			7,230			434,801			413,130			(13,179	)		7,135			(38,908	)		114,212
Contract owners’ equity at beginning of period		211,792			204,562			5,066,362			4,653,232			186,600			179,465			1,048,740			934,528

Contract owners’ equity at end of period	$	349,834			211,792			5,501,163			5,066,362			173,421			186,600			1,009,832			1,048,740
CHANGE IN UNITS:
Beginning units		18,080			22,342			114,742			122,805			15,689			16,659			20,008			22,444
Units purchased		7,198			586			7,841			9,644			880			1,055			670			741
Units surrendered		(570	)		(4,848	)		(14,449	)		(17,707	)		(2,350	)		(2,025	)		(4,534	)		(3,177	)

Ending units		24,708			18,080			108,134			114,742			14,219			15,689			16,144			20,008

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	WRASP						WRHIP						WRMCG						JABS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	14,322			18,643			37,198			58,323			(3,531	)		(2,878	)		20,703			28,272
Realized gain (loss) on investments		(53,433	)		(54,714	)		(13,650	)		(45,548	)		(4,439	)		923			60,459			273,882
Change in unrealized gain (loss) on investments		149,620			228,221			(3,512	)		73,650			263,533			79,136			142,879			83,392
Reinvested capital gains		16,096			48,073			-			-			42,801			88,867			28,487			76,613

Net increase (decrease) in contract owners’ equity resulting from operations		126,605			240,223			20,036			86,425			298,364			166,048			252,528			462,159

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		40,767			48,312			8,817			11,240			83,462			7,387			97,385			38,977
Transfers between funds		(265,461	)		(20,170	)		87,120			(246,468	)		132,219			25,143			311,839			(988,231	)
Surrenders (notes 2, 3, 4, 5 and 6)		(81,677	)		(210,512	)		(99,591	)		(397,702	)		(40,121	)		(139,214	)		(243,016	)		(233,313	)
Adjustments to maintain reserves		(11	)		111			10			(2	)		8			5			37			(11	)

Net equity transactions		(306,382	)		(182,259	)		(3,644	)		(632,932	)		175,568			(106,679	)		166,245			(1,182,578	)

Net change in contract owners’ equity		(179,777	)		57,964			16,392			(546,507	)		473,932			59,369			418,773			(720,419	)
Contract owners’ equity at beginning of period		1,236,186			1,178,222			481,667			1,028,174			526,408			467,039			1,869,605			2,590,024

Contract owners’ equity at end of period	$	1,056,409			1,236,186			498,059			481,667			1,000,340			526,408			2,288,378			1,869,605

CHANGE IN UNITS:
Beginning units		63,120			72,688			32,369			76,352			22,022			26,805			50,033			84,460
Units purchased		3,031			4,000			8,664			1,909			7,803			2,683			11,744			1,651
Units surrendered		(18,476	)		(13,568	)		(9,308	)		(45,892	)		(1,616	)		(7,466	)		(7,842	)		(36,078	)

Ending units		47,675			63,120			31,725			32,369			28,209			22,022			53,935			50,033

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	JACAS						JAEI						JAGTS						JAIGS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(16,234	)		(21,350	)		(1,406	)		(1,029	)		(24,112	)		(3,084	)		15,867			29,742
Realized gain (loss) on investments		143,771			85,742			6,162			11,355			702,007			564,270			(40,106	)		(72,123	)
Change in unrealized gain (loss) on investments		1,156,427			943,375			32,484			58,509			1,041,538			762,329			381,337			562,788
Reinvested capital gains		398,602			400,910			21,655			18,222			490,381			304,700			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		1,682,566			1,408,677			58,895			87,057			2,209,814			1,628,215			357,098			520,407

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		222,084			80,300			6,030			4,899			270,600			50,226			86,214			93,935
Transfers between funds		141,807			63,444			(17,884	)		74,970			220,068			251,063			(29,544	)		(38,310	)
Surrenders (notes 2, 3, 4, 5 and 6)		(675,255	)		(622,920	)		(8,729	)		(72,564	)		(1,703,306	)		(233,066	)		(155,524	)		(175,409	)
Adjustments to maintain reserves		(17	)		10			18			(9	)		46			10			17			(16	)

Net equity transactions		(311,381	)		(479,166	)		(20,565	)		7,296			(1,212,592	)		68,233			(98,837	)		(119,800	)

Net change in contract owners’ equity		1,371,185			929,511			38,330			94,353			997,222			1,696,448			258,261			400,607
Contract owners’ equity at beginning of period		4,911,284			3,981,773			322,667			228,314			5,231,848			3,535,400			2,460,380			2,059,773

Contract owners’ equity at end of period	$	6,282,469			4,911,284			360,997			322,667			6,229,070			5,231,848			2,718,641			2,460,380

CHANGE IN UNITS:
Beginning units		148,037			163,732			20,863			19,897			237,118			231,044			154,193			162,736
Units purchased		8,731			7,739			2,178			6,498			13,889			29,502			9,648			13,833
Units surrendered		(19,977	)		(23,434	)		(3,408	)		(5,532	)		(61,579	)		(23,428	)		(16,400	)		(22,376	)

Ending units		136,791			148,037			19,633			20,863			189,428			237,118			147,441			154,193

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	LOVTRC						MNDIC						MV2IGI						MVFIC
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	3,078			3,319			(2,491	)		(1,515	)		479			1,140			34,636			56,964
Realized gain (loss) on investments		198			(237	)		354			14,708			21,037			8,248			(42,568	)		5,002
Change in unrealized gain (loss) on investments		4,770			8,606			163,320			19,405			(19,332	)		71,904			(103,804	)		637,150
Reinvested capital gains		3,134			-			45,046			50,295			32,671			30,351			137,131			152,162

Net increase (decrease) in contract owners’ equity resulting from operations		11,180			11,688			206,229			82,893			34,855			111,643			25,395			851,278

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		912			2,223			85,235			10,250			7,420			10,831			45,992			42,243
Transfers between funds		(1,217	)		11,417			189,075			186,595			(26,611	)		195,422			(198,528	)		(16,343	)
Surrenders (notes 2, 3, 4, 5 and 6)		(9,122	)		(9,644	)		(29,838	)		(123,774	)		(95,771	)		(39,325	)		(250,433	)		(196,637	)
Adjustments to maintain reserves		1			(7	)		18			14			1			8			2			30

Net equity transactions		(9,426	)		3,989			244,490			73,085			(114,961	)		166,936			(402,967	)		(170,707	)

Net change in contract owners’ equity		1,754			15,677			450,719			155,978			(80,106	)		278,579			(377,572	)		680,571
Contract owners’ equity at beginning of period		169,036			153,359			347,577			191,599			445,089			166,510			3,662,631			2,982,060

Contract owners’ equity at end of period	$	170,790			169,036			798,296			347,577			364,983			445,089			3,285,059			3,662,631

CHANGE IN UNITS:
Beginning units		15,363			15,033			14,108			10,971			23,834			12,541			79,839			84,027
Units purchased		81			1,242			9,384			9,278			547			13,856			2,494			1,792
Units surrendered		(921	)		(912	)		(1,192	)		(6,141	)		(8,410	)		(2,563	)		(12,672	)		(5,980	)

Ending units		14,523			15,363			22,300			14,108			15,971			23,834			69,661			79,839

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	MVIGIC					MSEM						MSVFI						MSVRE
	2020			2019		2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	1,217			-		21,554			30,140			13,068			13,656			14,372			11,671
Realized gain (loss) on investments		(5,804	)		-		(19,669	)		(6,346	)		9,446			6,690			802			18,473
Change in unrealized gain (loss) on investments		25,167			-		7,131			54,542			(884	)		14,726			(180,793	)		79,373
Reinvested capital gains		1,687			-		-			-			5,743			-			17,742			32,640

Net increase (decrease) in contract owners’ equity resulting from operations		22,267			-		9,016			78,336			27,373			35,072			(147,877	)		142,157

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-		18,445			22,084			7,616			5,549			11,557			12,389
Transfers between funds		127,909			-		(2,749	)		(14,831	)		266,049			59,083			(40,794	)		(2,266	)
Surrenders (notes 2, 3, 4, 5 and 6)		(1,263	)		-		(78,573	)		(78,086	)		(18,056	)		(130,505	)		(34,433	)		(82,537	)
Adjustments to maintain reserves		1			-		31			(38	)		9			(3	)		(76	)		76

Net equity transactions		126,647			-		(62,846	)		(70,871	)		255,618			(65,876	)		(63,746	)		(72,338	)

Net change in contract owners’ equity		148,914			-		(53,830	)		7,465			282,991			(30,804	)		(211,623	)		69,819
Contract owners’ equity at beginning of period		-			-		592,004			584,539			296,369			327,173			882,748			812,929

Contract owners’ equity at end of period	$	148,914			-		538,174			592,004			579,360			296,369			671,125			882,748

CHANGE IN UNITS:
Beginning units		-			-		15,880			17,769			16,136			19,713			13,946			14,887
Units purchased		11,967			-		835			1,096			15,691			3,775			245			122
Units surrendered		(142	)		-		(2,973	)		(2,985	)		(2,240	)		(7,352	)		(1,580	)		(1,063	)

Ending units		11,825			-		13,742			15,880			29,587			16,136			12,611			13,946

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	DTRTFB						EIF						GBF						GEM
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	227			54			11,984			14,743			75,363			86,609			17,433			27,840
Realized gain (loss) on investments		39			2			12,898			14,649			(9,192	)		(63,002	)		8,415			12,171
Change in unrealized gain (loss) on investments		149			89			(45,186	)		145,656			196,771			248,926			97,352			233,754
Reinvested capital gains		-			-			42,631			29,003			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		415			145			22,327			204,051			262,942			272,533			123,200			273,765

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		338			-			13,294			16,676			192,146			196,106			42,231			47,722
Transfers between funds		(996	)		11,417			(1,813	)		315,373			113,313			(22,172	)		(182,341	)		64,029
Surrenders (notes 2, 3, 4, 5 and 6)		(353	)		(97	)		(95,827	)		(69,284	)		(600,221	)		(558,077	)		(88,053	)		(130,596	)
Adjustments to maintain reserves		(1	)		(5	)		27			(60	)		157			172			31			7

Net equity transactions		(1,012	)		11,315			(84,319	)		262,705			(294,605	)		(383,971	)		(228,132	)		(18,838	)

Net change in contract owners’ equity		(597	)		11,460			(61,992	)		466,756			(31,663	)		(111,438	)		(104,932	)		254,927
Contract owners’ equity at beginning of period		13,530			2,070			1,135,328			668,572			4,786,268			4,897,706			1,512,962			1,258,035

Contract owners’ equity at end of period	$	12,933			13,530			1,073,336			1,135,328			4,754,605			4,786,268			1,408,030			1,512,962

CHANGE IN UNITS:
Beginning units		1,257			204			28,410			21,230			133,508			146,016			49,822			50,732
Units purchased		31			1,063			616			9,530			14,551			10,627			3,612			4,870
Units surrendered		(124	)		(10	)		(2,978	)		(2,350	)		(23,219	)		(23,135	)		(12,395	)		(5,780	)

Ending units		1,164			1,257			26,048			28,410			124,840			133,508			41,039			49,822

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	GIG						GVAAA2						GVABD2						GVAGG2
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	23,072			73,357			40,154			39,916			5,948			5,990			3,216			3,051
Realized gain (loss) on investments		(32,664	)		(1,092	)		6,607			56,053			5,977			2,732			15,330			2,234
Change in unrealized gain (loss) on investments		232,074			368,303			79,399			297,727			18,710			25,305			416,326			384,727
Reinvested capital gains		-			151,384			310,839			237,216			257			1,477			142,347			164,242

Net increase (decrease) in contract owners’ equity resulting from operations		222,482			591,952			436,999			630,912			30,892			35,504			577,219			554,254

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		89,377			99,975			74,819			67,130			7,321			9,338			70,678			32,352
Transfers between funds		(238,247	)		15,020			(79,158	)		846,247			(72,181	)		20,622			(25,072	)		22,161
Surrenders (notes 2, 3, 4, 5 and 6)		(186,755	)		(381,580	)		(361,420	)		(450,210	)		(24,155	)		(55,348	)		(101,608	)		(119,482	)
Adjustments to maintain reserves		22			20			(29	)		(12	)		(17	)		2			35			(13	)

Net equity transactions		(335,603	)		(266,565	)		(365,788	)		463,155			(89,032	)		(25,386	)		(55,967	)		(64,982	)

Net change in contract owners’ equity		(113,121	)		325,387			71,211			1,094,067			(58,140	)		10,118			521,252			489,272
Contract owners’ equity at beginning of period		3,624,651			3,299,264			4,159,073			3,065,006			452,882			442,764			2,156,670			1,667,398

Contract owners’ equity at end of period	$	3,511,530			3,624,651			4,230,284			4,159,073			394,742			452,882			2,677,922			2,156,670

CHANGE IN UNITS:
Beginning units		188,940			203,895			185,066			163,892			32,339			34,288			77,750			80,664
Units purchased		9,633			10,446			7,910			38,940			3,269			967			3,338			3,247
Units surrendered		(28,311	)		(25,401	)		(24,085	)		(17,766	)		(9,649	)		(2,916	)		(6,488	)		(6,161	)

Ending units		170,262			188,940			168,891			185,066			25,959			32,339			74,600			77,750

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	GVAGI2						GVAGR2						GVDMA						GVDMC
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	8,706			5,966			5,901			(3,107	)		(13,373	)		81,791			(3,049	)		9,317
Realized gain (loss) on investments		(7,073	)		(5,194	)		123,828			101,772			147,177			179,257			(7,832	)		(31,740	)
Change in unrealized gain (loss) on investments		16,835			94,077			790,138			176,871			150,827			238,724			34,724			85,237
Reinvested capital gains		76,858			66,040			248,731			360,143			309,292			497,993			16,782			42,058

Net increase (decrease) in contract owners’ equity resulting from operations		95,326			160,889			1,168,598			635,679			593,923			997,765			40,625			104,872

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		9,713			11,680			38,751			41,010			128,505			200,526			28,436			31,132
Transfers between funds		8,482			413			(87,232	)		145,776			38,646			(81	)		(77,503	)		51,752
Surrenders (notes 2, 3, 4, 5 and 6)		(30,815	)		(59,077	)		(144,158	)		(248,809	)		(552,198	)		(532,671	)		(61,977	)		(441,121	)
Adjustments to maintain reserves		22			(13	)		11			(17	)		59			(6	)		30			(11	)

Net equity transactions		(12,598	)		(46,997	)		(192,628	)		(62,040	)		(384,988	)		(332,232	)		(111,014	)		(358,248	)

Net change in contract owners’ equity		82,728			113,892			975,970			573,639			208,935			665,533			(70,389	)		(253,376	)
Contract owners’ equity at beginning of period		781,595			667,703			2,705,011			2,131,372			5,451,045			4,785,512			683,603			936,979

Contract owners’ equity at end of period	$	864,323			781,595			3,680,981			2,705,011			5,659,980			5,451,045			613,214			683,603

CHANGE IN UNITS:
Beginning units		33,175			35,466			90,459			92,483			191,041			203,563			32,117			50,180
Units purchased		1,848			858			2,289			8,427			12,949			9,053			2,063			5,770
Units surrendered		(2,444	)		(3,149	)		(11,158	)		(10,451	)		(26,825	)		(21,575	)		(7,663	)		(23,833	)

Ending units		32,579			33,175			81,590			90,459			177,165			191,041			26,517			32,117

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	GVEX1						GVIDA						GVIDC						GVIDM
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	62,128			55,210			(6,301	)		27,885			(1,183	)		3,758			(7,707	)		53,760
Realized gain (loss) on investments		153,468			91,748			(5,206	)		160,082			2,735			875			7,912			55,794
Change in unrealized gain (loss) on investments		445,938			625,582			124,299			229,421			11,600			11,173			89,520			105,133
Reinvested capital gains		90,318			150,024			128,476			168,995			2,466			5,963			162,045			274,343

Net increase (decrease) in contract owners’ equity resulting from operations		751,852			922,564			241,268			586,383			15,618			21,769			251,770			489,030

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		133,255			93,156			60,956			63,942			15,237			14,529			108,148			174,936
Transfers between funds		459,499			(6,894	)		(10,628	)		(7,373	)		17,630			46,494			(167,102	)		(13,474	)
Surrenders (notes 2, 3, 4, 5 and 6)		(147,590	)		(286,551	)		(90,152	)		(2,646,905	)		(82,375	)		(88,460	)		(387,127	)		(520,170	)
Adjustments to maintain reserves		23			-			12			(3	)		14			13			22			8

Net equity transactions		445,187			(200,289	)		(39,812	)		(2,590,339	)		(49,494	)		(27,424	)		(446,059	)		(358,700	)

Net change in contract owners’ equity		1,197,039			722,275			201,456			(2,003,956	)		(33,876	)		(5,655	)		(194,289	)		130,330
Contract owners’ equity at beginning of period		3,858,198			3,135,923			2,031,642			4,035,598			246,282			251,937			3,142,367			3,012,037

Contract owners’ equity at end of period	$	5,055,237			3,858,198			2,233,098			2,031,642			212,406			246,282			2,948,078			3,142,367

CHANGE IN UNITS:
Beginning units		173,247			183,733			67,619			156,581			13,757			15,456			122,723			138,713
Units purchased		32,764			7,034			2,932			3,347			1,890			4,973			7,322			10,378
Units surrendered		(11,192	)		(17,520	)		(4,362	)		(92,309	)		(4,716	)		(6,672	)		(25,207	)		(26,368	)

Ending units		194,819			173,247			66,189			67,619			10,931			13,757			104,838			122,723

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	GVIX2						HIBF						IDPG						MCIF
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	12,215			5,554			53,915			45,699			(3	)		10			35,584			43,680
Realized gain (loss) on investments		(675	)		1,231			(12,846	)		(7,910	)		(22	)		(18	)		(133,358	)		32,187
Change in unrealized gain (loss) on investments		17,150			32,761			14,779			73,021			34			79			494,292			267,407
Reinvested capital gains		18,614			468			-			-			8			14			269,860			906,890

Net increase (decrease) in contract owners’ equity resulting from operations		47,304			40,014			55,848			110,810			17			85			666,378			1,250,164

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		14,866			4,795			23,357			24,870			-			-			71,366			86,105
Transfers between funds		534,625			(4,016	)		262,092			22,858			-			-			80,873			208,124
Surrenders (notes 2, 3, 4, 5 and 6)		(28,919	)		(32,883	)		(91,859	)		(54,441	)		(150	)		(143	)		(456,568	)		(586,876	)
Adjustments to maintain reserves		1			(1	)		3			(14	)		4			9			(5	)		22

Net equity transactions		520,573			(32,105	)		193,593			(6,727	)		(146	)		(134	)		(304,334	)		(292,625	)

Net change in contract owners’ equity		567,877			7,909			249,441			104,083			(129	)		(49	)		362,044			957,539
Contract owners’ equity at beginning of period		210,263			202,354			883,435			779,352			584			633			5,966,226			5,008,687

Contract owners’ equity at end of period	$	778,140			210,263			1,132,876			883,435			455			584			6,328,270			5,966,226

CHANGE IN UNITS:
Beginning units		17,891			20,801			32,250			32,512			45			56			133,763			140,419
Units purchased		46,956			605			12,501			2,183			-			-			5,250			5,228
Units surrendered		(2,856	)		(3,515	)		(5,370	)		(2,445	)		(12	)		(11	)		(13,174	)		(11,884	)

Ending units		61,991			17,891			39,381			32,250			33			45			125,839			133,763

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	MSBF						NCPGI						NVAMV1						NVAMVX
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	26,002			70,457			-			1			59,454			133,665			19,866			-
Realized gain (loss) on investments		(99,091	)		45			-			-			(333,240	)		60,064			1,878			-
Change in unrealized gain (loss) on investments		22,708			46,963			3			1			72,888			575,750			259,680			-
Reinvested capital gains		-			-			-			-			138,348			693,359			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		(50,381	)		117,465			3			2			(62,550	)		1,462,838			281,424			-

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		16,526			14,271			24			24			103,008			149,044			61,528			-
Transfers between funds		(529,220	)		469,734			-			-			(415,553	)		(116,379	)		1,527,709			-
Surrenders (notes 2, 3, 4, 5 and 6)		(64,322	)		(156,103	)		(3	)		(2	)		(474,642	)		(1,067,563	)		325			-
Adjustments to maintain reserves		(12	)		6			3			1			75			10			(1	)		-

Net equity transactions		(577,028	)		327,908			24			23			(787,112	)		(1,034,888	)		1,589,561			-

Net change in contract owners’ equity		(627,409	)		445,373			27			25			(849,662	)		427,950			1,870,985			-
Contract owners’ equity at beginning of period		1,614,886			1,169,513			36			11			6,407,858			5,979,908			-			-

Contract owners’ equity at end of period	$	987,477			1,614,886			63			36			5,558,196			6,407,858			1,870,985			-

CHANGE IN UNITS:
Beginning units		69,671			55,085			3			1			190,889			225,213			-			-
Units purchased		1,428			22,669			2			2			5,125			7,165			162,580			-
Units surrendered		(30,047	)		(8,083	)		-			-			(32,093	)		(41,489	)		(4,528	)		-

Ending units		41,052			69,671			5			3			163,921			190,889			158,052			-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVBX						NVCBD1						NVCCA1						NVCCN1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	4,371			8,201			13,321			14,720			2,939			15,701			(4	)		1,583
Realized gain (loss) on investments		3,311			(826	)		13,388			3,075			(15,063	)		(6,923	)		2,076			(317	)
Change in unrealized gain (loss) on investments		10,398			18,218			14,935			35,853			57,158			44,793			2,874			5,124
Reinvested capital gains		-			-			1,708			-			24,847			59,989			184			1,467

Net increase (decrease) in contract owners’ equity resulting from operations		18,080			25,593			43,352			53,648			69,881			113,560			5,130			7,857

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		5,058			6,930			3,393			5,368			23,379			17,066			4,609			4,186
Transfers between funds		28,205			113,259			85,213			(44,944	)		(5,178	)		-			74,669			16
Surrenders (notes 2, 3, 4, 5 and 6)		(243,523	)		(5,908	)		(72,659	)		(22,165	)		(55,020	)		(37,635	)		(63,545	)		(24,298	)
Adjustments to maintain reserves		4			5			(3	)		7			17			(3	)		(7	)		(5	)

Net equity transactions		(210,256	)		114,286			15,944			(61,734	)		(36,802	)		(20,572	)		15,726			(20,101	)

Net change in contract owners’ equity		(192,176	)		139,879			59,296			(8,086	)		33,079			92,988			20,856			(12,244	)
Contract owners’ equity at beginning of period		451,144			311,265			642,020			650,106			683,006			590,018			68,999			81,243

Contract owners’ equity at end of period	$	258,968			451,144			701,316			642,020			716,085			683,006			89,855			68,999

CHANGE IN UNITS:
Beginning units		39,597			29,469			42,509			46,412			37,666			38,911			4,534			5,932
Units purchased		3,925			10,833			9,908			4,911			1,529			1,369			5,298			539
Units surrendered		(22,196	)		(705	)		(8,219	)		(8,814	)		(3,693	)		(2,614	)		(4,304	)		(1,937	)

Ending units		21,326			39,597			44,198			42,509			35,502			37,666			5,528			4,534

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVCMA1						NVCMC1						NVCMD1						NVCRA1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	2,777			17,540			36			3,018			3,646			23,815			1,262			6,660
Realized gain (loss) on investments		(71,459	)		(10,984	)		(1,790	)		(20,993	)		(4,282	)		(1,842	)		(12,620	)		(7,409	)
Change in unrealized gain (loss) on investments		107,281			61,125			10,975			25,517			71,738			73,339			37,976			40,193
Reinvested capital gains		11,864			71,884			899			6,657			28,099			75,850			-			22,082

Net increase (decrease) in contract owners’ equity resulting from operations		50,463			139,565			10,120			14,199			99,201			171,162			26,618			61,526

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		31,210			26,142			5,356			6,638			30,151			27,192			11,978			13,615
Transfers between funds		(7,417	)		7,524			-			(110,465	)		(131	)		(14,254	)		(23,357	)		6,566
Surrenders (notes 2, 3, 4, 5 and 6)		(228,316	)		(54,747	)		(13,346	)		(13,571	)		(99,789	)		(146,087	)		(44,071	)		(47,742	)
Adjustments to maintain reserves		10			6			-			(15	)		11			31			(16	)		18

Net equity transactions		(204,513	)		(21,075	)		(7,990	)		(117,413	)		(69,758	)		(133,118	)		(55,466	)		(27,543	)

Net change in contract owners’ equity		(154,050	)		118,490			2,130			(103,214	)		29,443			38,044			(28,848	)		33,983
Contract owners’ equity at beginning of period		771,966			653,476			137,159			240,373			1,053,180			1,015,136			310,810			276,827

Contract owners’ equity at end of period	$	617,916			771,966			139,289			137,159			1,082,623			1,053,180			281,962			310,810

CHANGE IN UNITS:
Beginning units		41,879			43,138			8,453			16,805			59,628			67,746			16,636			18,277
Units purchased		2,137			2,272			1,350			1,309			2,590			2,945			793			1,333
Units surrendered		(13,964	)		(3,531	)		(1,894	)		(9,661	)		(6,642	)		(11,063	)		(3,940	)		(2,974	)

Ending units		30,052			41,879			7,909			8,453			55,576			59,628			13,489			16,636

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVCRB1						NVDBL2						NVDCA2						NVDCAP
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	763			9,461			(332	)		9,367			(521	)		1,911			(164	)		-
Realized gain (loss) on investments		(270	)		116			(915	)		(8,731	)		(91	)		316			(2	)		-
Change in unrealized gain (loss) on investments		32,281			23,948			30,514			41,634			8,491			11,102			13,626			-
Reinvested capital gains		6,046			27,320			13,658			26,284			7,799			9,806			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		38,820			60,845			42,925			68,554			15,678			23,135			13,460			-

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		5,663			6,244			1,999			3,095			3,180			3,725			957			-
Transfers between funds		(2,894	)		35			(3,387	)		(115,843	)		7,145			(6,369	)		166,855			-
Surrenders (notes 2, 3, 4, 5 and 6)		(18,487	)		(19,438	)		(14,130	)		(101,113	)		(17,012	)		(13,132	)		(434	)		-
Adjustments to maintain reserves		2			14			(12	)		7			12			(13	)		(7	)		-

Net equity transactions		(15,716	)		(13,145	)		(15,530	)		(213,854	)		(6,675	)		(15,789	)		167,371			-

Net change in contract owners’ equity		23,104			47,700			27,395			(145,300	)		9,003			7,346			180,831			-
Contract owners’ equity at beginning of period		440,321			392,621			485,633			630,933			131,256			123,910			-			-

Contract owners’ equity at end of period	$	463,425			440,321			513,028			485,633			140,259			131,256			180,831			-

CHANGE IN UNITS:
Beginning units		26,045			26,870			22,928			34,602			5,290			5,950			-			-
Units purchased		404			450			172			167			535			234			16,841			-
Units surrendered		(1,336	)		(1,275	)		(934	)		(11,841	)		(727	)		(894	)		(117	)		-

Ending units		25,113			26,045			22,166			22,928			5,098			5,290			16,724			-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVFIII						NVGEII						NVIDMP					NVIX
	2020			2019			2020			2019			2020			2019		2020			2019
Investment activity:
Net investment income (loss)	$	466			227			10			4			(269	)		-		8,387			9,577
Realized gain (loss) on investments		199			23			1			-			3,505			-		2,949			4,697
Change in unrealized gain (loss) on investments		1,364			(271	)		142			104			16,057			-		10,896			47,223
Reinvested capital gains		105			154			-			5			-			-		11,997			674

Net increase (decrease) in contract owners’ equity resulting from operations		2,134			133			153			113			19,293			-		34,229			62,171

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		7,634			6,238			-			-			28,273			-		23,527			19,201
Transfers between funds		20,295			18,618			-			924			314,269			-		(1,866	)		60,210
Surrenders (notes 2, 3, 4, 5 and 6)		(490	)		4,498			(21	)		(6	)		(25,263	)		-		15,128			(30,795	)
Adjustments to maintain reserves		4			(2	)		(1	)		(2	)		4			-		7			2

Net equity transactions		27,443			29,352			(22	)		916			317,283			-		36,796			48,618

Net change in contract owners’ equity		29,577			29,485			131			1,029			336,576			-		71,025			110,789
Contract owners’ equity at beginning of period		29,485			-			1,029			-			-			-		404,045			293,256

Contract owners’ equity at end of period	$	59,062			29,485			1,160			1,029			336,576			-		475,070			404,045

CHANGE IN UNITS:
Beginning units		2,800			-			95			-			-			-		34,491			30,337
Units purchased		3,627			3,502			-			96			31,985			-		4,461			7,438
Units surrendered		(1,165	)		(702	)		(2	)		(1	)		(571	)		-		(1,050	)		(3,284	)

Ending units		5,262			2,800			93			95			31,414			-		37,902			34,491

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVLCP1						NVMIG1						NVMIVX					NVMLG1
	2020			2019			2020			2019			2020			2019		2020			2019
Investment activity:
Net investment income (loss)	$	2,631			2,392			19,199			24,980			(335	)		-		(11,141	)		84,255
Realized gain (loss) on investments		7,335			2,859			(77,845	)		(56,991	)		802			-		(178,143	)		(38,397	)
Change in unrealized gain (loss) on investments		(1,298	)		7,877			584,854			779,550			48,960			-		(424,824	)		252,858
Reinvested capital gains		-			-			1,321,939			229,133			-			-		1,265,849			303,910

Net increase (decrease) in contract owners’ equity resulting from operations		8,668			13,128			1,848,147			976,672			49,427			-		651,741			602,626

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		3,401			3,881			151,356			113,354			27,315			-		48,232			40,749
Transfers between funds		150,243			(13,732	)		60,618			(45,497	)		282,005			-		24,341			(51,561	)
Surrenders (notes 2, 3, 4, 5 and 6)		(138,650	)		(15,572	)		(491,874	)		(343,547	)		(12,177	)		-		(158,114	)		(214,618	)
Adjustments to maintain reserves		2			3			12			65			(3	)		-		61			(10	)

Net equity transactions		14,996			(25,420	)		(279,888	)		(275,625	)		297,140			-		(85,480	)		(225,440	)

Net change in contract owners’ equity		23,664			(12,292	)		1,568,259			701,047			346,567			-		566,261			377,186
Contract owners’ equity at beginning of period		114,831			127,123			3,797,666			3,096,619			-			-		2,491,453			2,114,267

Contract owners’ equity at end of period	$	138,495			114,831			5,365,925			3,797,666			346,567			-		3,057,714			2,491,453

CHANGE IN UNITS:
Beginning units		7,033			8,545			293,331			316,864			-			-		94,024			103,876
Units purchased		9,981			2,663			23,785			23,271			30,418			-		4,447			5,789
Units surrendered		(9,200	)		(4,175	)		(41,142	)		(46,804	)		(971	)		-		(9,480	)		(15,641	)

Ending units		7,814			7,033			275,974			293,331			29,447			-		88,991			94,024

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVMMG1						NVMMV2						NVNMO1						NVNSR1
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(182,525	)		(164,227	)		271,072			346,288			(11,001	)		20,370			408			414
Realized gain (loss) on investments		424,238			1,138,410			(609,853	)		(219,465	)		343,842			359,678			(9,453	)		(2,574	)
Change in unrealized gain (loss) on investments		12,845,638			399,357			(185,634	)		471,130			198,331			1,877,245			16,485			18,184
Reinvested capital gains		4,950,149			7,883,957			-			3,594,488			1,170,923			1,160,749			9,030			12,783

Net increase (decrease) in contract owners’ equity resulting from operations		18,037,500			9,257,497			(524,415	)		4,192,441			1,702,095			3,418,042			16,470			28,807

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		700,417			703,092			435,994			461,513			314,613			338,326			1,029			1,045
Transfers between funds		(518,045	)		(81,887	)		(72,165	)		(170,458	)		(127,413	)		(35,797	)		19,072			(43	)
Surrenders (notes 2, 3, 4, 5 and 6)		(2,815,048	)		(3,910,631	)		(1,298,169	)		(2,070,006	)		(1,830,840	)		(1,417,973	)		(24,253	)		(8,422	)
Adjustments to maintain reserves		283			(4	)		(412	)		602			744			35			(7	)		(12	)

Net equity transactions		(2,632,393	)		(3,289,430	)		(934,752	)		(1,778,349	)		(1,642,896	)		(1,115,409	)		(4,159	)		(7,432	)

Net change in contract owners’ equity		15,405,107			5,968,067			(1,459,167	)		2,414,092			59,199			2,302,633			12,311			21,375
Contract owners’ equity at beginning of period		32,100,798			26,132,731			21,064,617			18,650,525			15,170,490			12,867,857			138,550			117,175

Contract owners’ equity at end of period	$	47,505,905			32,100,798			19,605,450			21,064,617			15,229,689			15,170,490			150,861			138,550

CHANGE IN UNITS:
Beginning units		1,220,702			1,357,608			841,557			918,465			647,135			699,926			5,712			6,057
Units purchased		60,714			67,901			39,455			38,597			27,639			30,041			959			59
Units surrendered		(153,921	)		(204,807	)		(85,131	)		(115,505	)		(100,086	)		(82,832	)		(1,156	)		(404	)

Ending units		1,127,495			1,220,702			795,881			841,557			574,688			647,135			5,515			5,712

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVOLG1						NVRE1						NVSIX2						NVSTB2
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	626,668			848,486			61,881			88,494			1,542			937			3,017			1,477
Realized gain (loss) on investments		218,414			1,617,680			(155,461	)		(89,756	)		(20,751	)		(19,220	)		(1,480	)		(218	)
Change in unrealized gain (loss) on investments		4,454,702			1,038,304			(417,218	)		1,868,127			79,299			(25,446	)		(23	)		2,535
Reinvested capital gains		7,576,164			18,363,877			29,417			-			15,041			95,895			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		12,875,948			21,868,347			(481,381	)		1,866,865			75,131			52,166			1,514			3,794

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,632,013			1,607,059			164,821			188,985			28,064			13,843			3,871			4,590
Transfers between funds		(1,632,016	)		(574,537	)		(179,576	)		(175,069	)		23,926			34,583			157,055			(6,301	)
Surrenders (notes 2, 3, 4, 5 and 6)		(7,028,472	)		(8,057,671	)		(826,241	)		(850,531	)		8,086			(45,510	)		(15,149	)		(30,245	)
Adjustments to maintain reserves		(456	)		1,522			7			48			15			4			(3	)		3

Net equity transactions		(7,028,931	)		(7,023,627	)		(840,989	)		(836,567	)		60,091			2,920			145,774			(31,953	)

Net change in contract owners’ equity		5,847,017			14,844,720			(1,322,370	)		1,030,298			135,222			55,086			147,288			(28,159	)
Contract owners’ equity at beginning of period		76,659,334			61,814,614			7,402,153			6,371,855			284,619			229,533			90,634			118,793

Contract owners’ equity at end of period	$	82,506,351			76,659,334			6,079,783			7,402,153			419,841			284,619			237,922			90,634

CHANGE IN UNITS:
Beginning units		1,750,394			1,933,534			365,839			410,004			15,280			15,324			7,706			10,453
Units purchased		67,182			83,097			17,121			19,770			4,872			3,132			13,555			1,612
Units surrendered		(226,365	)		(266,237	)		(63,131	)		(63,935	)		(1,170	)		(3,176	)		(1,560	)		(4,359	)

Ending units		1,591,211			1,750,394			319,829			365,839			18,982			15,280			19,701			7,706

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVTIV3						SAM						SCF						SCGF
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	402			494			(48,632	)		170,827			(68,701	)		(66,769	)		(8,235	)		(8,051	)
Realized gain (loss) on investments		(3,086	)		(65,177	)		-			-			203,029			158,765			(60,362	)		(26,157	)
Change in unrealized gain (loss) on investments		5,210			65,805			-			-			2,474,281			1,515,667			527,845			101,794
Reinvested capital gains		-			15,702			-			-			613,830			1,762,937			273,579			498,299

Net increase (decrease) in contract owners’ equity resulting from operations		2,526			16,824			(48,632	)		170,827			3,222,439			3,370,600			732,827			565,885

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		4,781			4,106			3,913,760			1,471,617			358,359			373,520			72,171			26,320
Transfers between funds		(3,239	)		(248,013	)		2,827,300			2,359,327			(115,257	)		(236,579	)		(19,094	)		(118,065	)
Surrenders (notes 2, 3, 4, 5 and 6)		(4,657	)		(17,916	)		(6,322,511	)		(4,265,467	)		(1,285,400	)		(1,319,064	)		(133,929	)		(106,180	)
Adjustments to maintain reserves		2			6			1,166			(9,803	)		13,755			13,235			25			(7	)

Net equity transactions		(3,113	)		(261,817	)		419,715			(444,326	)		(1,028,543	)		(1,168,888	)		(80,827	)		(197,932	)

Net change in contract owners’ equity		(587	)		(244,993	)		371,083			(273,499	)		2,193,896			2,201,712			652,000			367,953
Contract owners’ equity at beginning of period		55,682			300,675			15,473,870			15,747,369			16,108,059			13,906,347			2,043,044			1,675,091

Contract owners’ equity at end of period	$	55,095			55,682			15,844,953			15,473,870			18,301,955			16,108,059			2,695,044			2,043,044

CHANGE IN UNITS:
Beginning units		3,284			19,639			896,687			948,129			184,497			199,293			101,073			112,229
Units purchased		487			377			331,840			286,463			8,415			8,297			4,921			2,317
Units surrendered		(660	)		(16,732	)		(244,779	)		(337,905	)		(22,396	)		(23,093	)		(10,973	)		(13,473	)

Ending units		3,111			3,284			983,748			896,687			170,516			184,497			95,021			101,073

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	SCVF						TRF						AMCG						AMINS
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(11,135	)		18,035			335,313			335,552			(6,844	)		(5,965	)		121			35
Realized gain (loss) on investments		(221,425	)		(407,981	)		2,388,537			2,970,844			32,388			12,636			79			68
Change in unrealized gain (loss) on investments		337,547			(47,822	)		(1,498,945	)		8,087,309			582,836			330,325			1,645			4,313
Reinvested capital gains		13,999			1,060,043			4,067,739			2,377,414			100,721			122,054			1,227			935

Net increase (decrease) in contract owners’ equity resulting from operations		118,986			622,275			5,292,644			13,771,119			709,101			459,050			3,072			5,351

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		91,993			104,089			2,034,938			2,098,889			19,269			12,937			153			-
Transfers between funds		35,023			(661,826	)		(168,133	)		22,392			(8,656	)		(381	)		-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(252,034	)		(373,317	)		(6,032,369	)		(6,435,928	)		(77,694	)		(52,004	)		(391	)		(346	)
Adjustments to maintain reserves		25			59			696			4,227			(24	)		28			8			6

Net equity transactions		(124,993	)		(930,995	)		(4,164,868	)		(4,310,420	)		(67,105	)		(39,420	)		(230	)		(340	)

Net change in contract owners’ equity		(6,007	)		(308,720	)		1,127,776			9,460,699			641,996			419,630			2,842			5,011
Contract owners’ equity at beginning of period		3,329,173			3,637,893			59,250,787			49,790,088			1,856,891			1,437,261			24,469			19,458

Contract owners’ equity at end of period	$	3,323,166			3,329,173			60,378,563			59,250,787			2,498,887			1,856,891			27,311			24,469

CHANGE IN UNITS:
Beginning units		66,670			86,370			570,603			619,619			120,729			123,627			1,172			1,190
Units purchased		5,331			3,752			41,234			47,139			1,856			2,492			9			-
Units surrendered		(8,474	)		(23,452	)		(91,020	)		(96,155	)		(6,063	)		(5,390	)		(19	)		(18	)

Ending units		63,527			66,670			520,817			570,603			116,522			120,729			1,162			1,172

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	AMMCGS						AMRS						AMSRS						AMTB
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(636	)		(569	)		48			29			15,693			8,803			31,041			22,973
Realized gain (loss) on investments		20,982			2,230			175			1,116			30,061			149,189			(3,608	)		(3,762	)
Change in unrealized gain (loss) on investments		16,711			18,654			(1,372	)		(246	)		548,236			69,272			18,958			28,679
Reinvested capital gains		6,688			7,954			-			1,298			167,507			228,223			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		43,745			28,269			(1,149	)		2,197			761,497			455,487			46,391			47,890

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,371			1,584			-			-			54,674			48,387			63,986			57,188
Transfers between funds		58,353			(5,705	)		-			-			35,050			3,379,596			222,840			11,684
Surrenders (notes 2, 3, 4, 5 and 6)		(2,236	)		(7,731	)		(3,961	)		(4,135	)		(131,782	)		(525,490	)		(186,877	)		(151,828	)
Adjustments to maintain reserves		27			(30	)		(6	)		12			129			(83	)		110			(4	)

Net equity transactions		57,515			(11,882	)		(3,967	)		(4,123	)		(41,929	)		2,902,410			100,059			(82,960	)

Net change in contract owners’ equity		101,260			16,387			(5,116	)		(1,926	)		719,568			3,357,897			146,450			(35,070	)
Contract owners’ equity at beginning of period		109,624			93,237			12,419			14,345			4,017,368			659,471			1,489,876			1,524,946

Contract owners’ equity at end of period	$	210,884			109,624			7,303			12,419			4,736,936			4,017,368			1,636,326			1,489,876

CHANGE IN UNITS:
Beginning units		2,134			2,399			461			620			145,098			19,949			69,980			73,670
Units purchased		989			174			-			-			2,986			140,231			10,342			4,761
Units surrendered		(194	)		(439	)		(182	)		(159	)		(9,518	)		(15,082	)		(7,441	)		(8,451	)

Ending units		2,929			2,134			279			461			138,566			145,098			72,881			69,980

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NOTB3						NOTG3						NOTMG3						PMVAAA
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	168			170			34			31			1			1			9,517			5,176
Realized gain (loss) on investments		(21	)		(12	)		(1	)		7			-			-			71			1,142
Change in unrealized gain (loss) on investments		226			887			67			158			3			2			7,628			16,249
Reinvested capital gains		141			296			-			150			-			1			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		514			1,341			100			346			4			4			17,216			22,567

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			24			24			24			24			10,188			9,461
Transfers between funds		-			-			-			-			-			-			(410	)		(5,867	)
Surrenders (notes 2, 3, 4, 5 and 6)		(464	)		(427	)		(126	)		(158	)		(3	)		(2	)		3,843			(14,535	)
Adjustments to maintain reserves		6			(8	)		(8	)		(9	)		3			1			(10	)		-

Net equity transactions		(458	)		(435	)		(110	)		(143	)		24			23			13,611			(10,941	)

Net change in contract owners’ equity		56			906			(10	)		203			28			27			30,827			11,626
Contract owners’ equity at beginning of period		10,712			9,806			2,379			2,176			38			11			211,378			199,752

Contract owners’ equity at end of period	$	10,768			10,712			2,369			2,379			66			38			242,205			211,378

CHANGE IN UNITS:
Beginning units		866			903			186			197			3			1			16,466			17,324
Units purchased		-			-			2			2			2			2			1,950			1,299
Units surrendered		(38	)		(37	)		(10	)		(13	)		-			-			(862	)		(2,157	)

Ending units		828			866			178			186			5			3			17,554			16,466

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	PMVFBA						PMVLDA						PMVRSA						PMVTRA
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	5,454			2,941			12,071			27,295			622			361			8,771			15,414
Realized gain (loss) on investments		(506	)		(18,204	)		(3,948	)		(11,385	)		(37	)		(2,455	)		3,016			(5,497	)
Change in unrealized gain (loss) on investments		5,075			24,428			29,400			22,212			1,260			3,359			22,962			40,195
Reinvested capital gains		-			-			-			-			-			-			6,423			-

Net increase (decrease) in contract owners’ equity resulting from operations		10,023			9,165			37,523			38,122			1,845			1,265			41,172			50,112

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		5,988			7,555			20,058			29,317			211			194			10,401			10,458
Transfers between funds		(575	)		(15,223	)		94,723			447,073			8,299			(7,762	)		153,140			(211,848	)
Surrenders (notes 2, 3, 4, 5 and 6)		(18,772	)		(33,976	)		(117,561	)		(179,471	)		13,013			(9,853	)		(16,912	)		(75,815	)
Adjustments to maintain reserves		18			8			111			(6	)		(6	)		5			32			31

Net equity transactions		(13,341	)		(41,636	)		(2,669	)		296,913			21,517			(17,416	)		146,661			(277,174	)

Net change in contract owners’ equity		(3,318	)		(32,471	)		34,854			335,035			23,362			(16,151	)		187,833			(227,062	)
Contract owners’ equity at beginning of period		158,599			191,070			1,445,415			1,110,380			2,479			18,630			435,091			662,153

Contract owners’ equity at end of period	$	155,281			158,599			1,480,269			1,445,415			25,841			2,479			622,924			435,091

CHANGE IN UNITS:
Beginning units		11,894			15,258			111,462			88,451			411			3,421			34,429			56,482
Units purchased		510			1,427			10,024			33,122			3,932			67			13,264			2,292
Units surrendered		(1,838	)		(4,791	)		(10,244	)		(10,111	)		(98	)		(3,077	)		(2,101	)		(24,345	)

Ending units		10,566			11,894			111,242			111,462			4,245			411			45,592			34,429

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	PVEIB						PVGOB						PVTIGB						TRHS2
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	4,466			5,004			(7,824	)		(4,201	)		2,734			1,878			(23,036	)		(23,660	)
Realized gain (loss) on investments		(8,229	)		494			112,305			17,182			(3,579	)		3,797			277,565			176,801
Change in unrealized gain (loss) on investments		(1,088	)		57,628			328,069			195,486			26,766			39,474			592,054			806,192
Reinvested capital gains		25,899			29,380			83,106			167,471			-			365			306,942			213,113

Net increase (decrease) in contract owners’ equity resulting from operations		21,048			92,506			515,656			375,938			25,921			45,514			1,153,525			1,172,446

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		78,119			167,665			129,886			127,229			5,935			5,403			174,554			118,303
Transfers between funds		25,514			18,882			(44,206	)		155,700			23,175			(4,075	)		(153,514	)		(183,184	)
Surrenders (notes 2, 3, 4, 5 and 6)		(113,847	)		(163,684	)		(140,264	)		(98,601	)		(12,888	)		(36,268	)		(564,608	)		(758,088	)
Adjustments to maintain reserves		(10	)		8			(10	)		13			(9	)		(28	)		10			(27	)

Net equity transactions		(10,224	)		22,871			(54,594	)		184,341			16,213			(34,968	)		(543,558	)		(822,996	)

Net change in contract owners’ equity		10,824			115,377			461,062			560,279			42,134			10,546			609,967			349,450
Contract owners’ equity at beginning of period		417,112			301,735			1,478,400			918,121			219,166			208,620			4,868,461			4,519,011

Contract owners’ equity at end of period	$	427,936			417,112			1,939,462			1,478,400			261,300			219,166			5,478,428			4,868,461

CHANGE IN UNITS:
Beginning units		31,185			29,273			80,650			68,268			8,829			10,466			101,270			120,523
Units purchased		5,322			3,950			8,855			16,083			1,295			872			3,083			8,058
Units surrendered		(6,110	)		(2,038	)		(12,697	)		(3,701	)		(686	)		(2,509	)		(15,777	)		(27,311	)

Ending units		30,397			31,185			76,808			80,650			9,438			8,829			88,576			101,270

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	TRLT2						VWBF						VWEM						VWHA
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	790			609			43,435			(1,328	)		47,790			(438	)		9,136			(12,708	)
Realized gain (loss) on investments		7			2			(15,503	)		(18,583	)		65,162			39,426			(294,542	)		(359,399	)
Change in unrealized gain (loss) on investments		1,341			420			24,455			98,275			264,059			705,269			699,037			636,281
Reinvested capital gains		-			-			-			-			95,258			77,423			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		2,138			1,031			52,387			78,364			472,269			821,680			413,631			264,174

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			37,533			33,582			91,707			83,024			109,584			129,697
Transfers between funds		3,490			32,598			(21,898	)		2,288			(52,414	)		(189,583	)		(62,115	)		9,533
Surrenders (notes 2, 3, 4, 5 and 6)		(235	)		(119	)		(79,307	)		(59,029	)		(337,570	)		(303,714	)		(175,269	)		(396,177	)
Adjustments to maintain reserves		2			3			22			(20	)		23			(23	)		1,606			961

Net equity transactions		3,257			32,482			(63,650	)		(23,179	)		(298,254	)		(410,296	)		(126,194	)		(255,986	)

Net change in contract owners’ equity		5,395			33,513			(11,263	)		55,185			174,015			411,384			287,437			8,188
Contract owners’ equity at beginning of period		43,066			9,553			714,438			659,253			3,269,105			2,857,721			2,447,309			2,439,121

Contract owners’ equity at end of period	$	48,461			43,066			703,175			714,438			3,443,120			3,269,105			2,734,746			2,447,309

CHANGE IN UNITS:
Beginning units		3,118			720			24,813			26,103			85,729			97,443			77,074			86,375
Units purchased		258			2,406			2,173			3,027			6,871			4,081			8,349			11,848
Units surrendered		(17	)		(8	)		(4,738	)		(4,317	)		(15,364	)		(15,795	)		(11,829	)		(21,149	)

Ending units		3,359			3,118			22,248			24,813			77,236			85,729			73,594			77,074

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	VRVDRI						SVDF						SVOF						WFVSCG
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(9	)		566			(5,624	)		(4,912	)		(3,941	)		(5,586	)		(2,410	)		(2,642	)
Realized gain (loss) on investments		(6,173	)		(2,203	)		10,724			29,095			66,373			47,926			(32,102	)		(32,366	)
Change in unrealized gain (loss) on investments		1,904			(1,402	)		367,078			88,233			103,002			144,958			250,045			73,363
Reinvested capital gains		69			3,668			73,272			71,957			103,770			143,727			25,900			76,837

Net increase (decrease) in contract owners’ equity resulting from operations		(4,209	)		629			445,450			184,373			269,204			331,025			241,433			115,192

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			6,872			4,794			11,351			7,376			46,527			10,126
Transfers between funds		(14,932	)		22,547			58,480			(47,336	)		12,370			(2,798	)		118,539			(151,823	)
Surrenders (notes 2, 3, 4, 5 and 6)		(154	)		(109	)		(15,739	)		(7,501	)		(95,120	)		(49,962	)		(76,317	)		(71,823	)
Adjustments to maintain reserves		(1	)		(5	)		(1,072	)		(1,566	)		3,647			4,716			(26	)		20

Net equity transactions		(15,087	)		22,433			48,541			(51,609	)		(67,752	)		(40,668	)		88,723			(213,500	)

Net change in contract owners’ equity		(19,296	)		23,062			493,991			132,764			201,452			290,357			330,156			(98,308	)
Contract owners’ equity at beginning of period		23,062			-			673,387			540,623			1,414,069			1,123,712			415,351			513,659

Contract owners’ equity at end of period	$	3,766			23,062			1,167,378			673,387			1,615,521			1,414,069			745,507			415,351

CHANGE IN UNITS:
Beginning units		2,122			-			10,481			11,734			33,080			34,304			10,390			15,955
Units purchased		186			2,133			1,255			350			173			118			3,104			429
Units surrendered		(1,955	)		(11	)		(361	)		(1,603	)		(1,081	)		(1,342	)		(1,686	)		(5,994	)

Ending units		353			2,122			11,375			10,481			32,172			33,080			11,808			10,390

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	IVKMG1						GVDIVI						NVMLV1						NVLCAP
	2020			2019			2020			2019			2020			2019			2020			2019
Investment activity:
Net investment income (loss)	$	(382	)		(1,290	)		30,060			113,018			14,661			294,916			(38	)		1,997
Realized gain (loss) on investments		(84,644	)		(236	)		(236,616	)		(8,360	)		(1,002,764	)		(33,233	)		(233	)		1,583
Change in unrealized gain (loss) on investments		(3,141	)		40,610			114,508			(53,185	)		328,757			(68,680	)		(8,015	)		23,467
Reinvested capital gains		71,677			41,049			-			17,699			494,720			101,301			2,174			3,132

Net increase (decrease) in contract owners’ equity resulting from operations		(16,490	)		80,133			(92,048	)		69,172			(164,626	)		294,304			(6,112	)		30,179

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		20,901			9,664			10,253			17,710			28,374			53,183			569			1,012
Transfers between funds		(246,573	)		4,610			(402,694	)		93,832			(1,256,521	)		13,724			(168,099	)		(964	)
Surrenders (notes 2, 3, 4, 5 and 6)		(49,362	)		(45,052	)		(38,746	)		(54,123	)		(75,259	)		(88,952	)		(3,574	)		(16,141	)
Adjustments to maintain reserves		(11	)		30			(3	)		13			(16	)		18			(7	)		3

Net equity transactions		(275,045	)		(30,748	)		(431,190	)		57,432			(1,303,422	)		(22,027	)		(171,111	)		(16,090	)

Net change in contract owners’ equity		(291,535	)		49,385			(523,238	)		126,604			(1,468,048	)		272,277			(177,223	)		14,089
Contract owners’ equity at beginning of period		291,535			242,150			523,238			396,634			1,468,048			1,195,771			177,223			163,134

Contract owners’ equity at end of period	$	-			291,535			-			523,238			-			1,468,048			-			177,223

CHANGE IN UNITS:
Beginning units		13,096			14,567			25,128			22,078			70,781			72,070			11,260			12,365
Units purchased		190			1,156			1,079			6,493			3,131			6,135			41			104
Units surrendered		(13,286	)		(2,627	)		(26,207	)		(3,443	)		(73,912	)		(7,424	)		(11,301	)		(1,209	)

Ending units		-			13,096			-			25,128			-			70,781			-			11,260

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019


	NVLMP						AMGP					AMTP
	2020			2019			2020		2019			2020		2019
Investment activity:
Net investment income (loss)	$	337			3,335			-		85			-		60,988
Realized gain (loss) on investments		(20,300	)		(138	)		-		(35,983	)		-		(17,772	)
Change in unrealized gain (loss) on investments		1,305			31,813			-		20,826			-		(375,275	)
Reinvested capital gains		14,700			5,112			-		30,544			-		685,906

Net increase (decrease) in contract owners’ equity resulting from operations		(3,958	)		40,122			-		15,472			-		353,847

Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		464			559			-		-			-		8,373
Transfers between funds		(263,763	)		-			-		(94,970	)		-		(3,231,657	)
Surrenders (notes 2, 3, 4, 5 and 6)		(4,490	)		(5,100	)		-		(1,118	)		-		(109,834	)
Adjustments to maintain reserves		6			(7	)		-		(50	)		-		(3,351	)

Net equity transactions		(267,783	)		(4,548	)		-		(96,138	)		-		(3,336,469	)

Net change in contract owners’ equity		(271,741	)		35,574			-		(80,666	)		-		(2,982,622	)
Contract owners’ equity at beginning of period		271,741			236,167			-		80,666			-		2,982,622

Contract owners’ equity at end of period	$	-			271,741			-		-			-		-

CHANGE IN UNITS:
Beginning units		18,446			18,776			-		3,436			-		77,338
Units purchased		34			40			-		1			-		232
Units surrendered		(18,480	)		(370	)		-		(3,437	)		-		(77,570	)

Ending units		-			18,446			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

(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 any of the following:

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)*

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)

AMERICAN CENTURY INVESTORS, INC.

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)

American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)

American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)

American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)

BLACKROCK FUNDS

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

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II (MLVGA2)

BNY MELLON INVESTMENT MANAGEMENT

BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)

BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)

BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares (DSC)

BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)

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

BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)

DELAWARE FUNDS BY MACQUARIE

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)

DIMENSIONAL FUND ADVISORS INC.

DFA Investment Dimensions Group Inc. - DFA VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI)

DFA Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class (DFVIPS)

DWS INVESTMENT MANAGEMENT AMERICAS, INC.

Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A (DSGIBA)

FEDERATED HERMES, INC.

Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)

Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares (FVU2)