NATIONWIDE VLI

SEPARATE

ACCOUNT-2

Annual Report

To

Policyholders

December 31, 2021

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 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, 2021, by correspondence with the transfer agent of the underlying mutual funds or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. 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 4, 2022

Appendix

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, 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)

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. - 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)

3

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)

FIDELITY INVESTMENTS

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

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

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 Trend Driven 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)

4

INVESCO INVESTMENTS

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

Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares (AVMCCI)

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

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

Invesco - Invesco V.I. Core Bond Fund: Series I (OVB)¹

Invesco - Invesco V.I. Main Street Fund: Series I (OVGI)¹

Invesco - Invesco V.I. Global Fund: Series I (OVGS)¹

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

Invesco - Invesco V.I. Conservative Balanced Fund: Series I (OVMS)¹

Invesco - Invesco V.I. Global Strategic Income Fund: Series I (OVSB)¹

Invesco - Invesco V.I. Main Street Small Cap Fund: Series I (OVSC)¹

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II (WRASP)¹

Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II (WRHIP)¹

Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II (WRMCG)¹

JANUS HENDERSON INVESTORS

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

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

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

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

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

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 - NVIT DoubleLine Total Return Tactical Fund: Class II (DTRTFB)¹

5

Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I (EIF)¹

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 - NVIT American Funds Asset Allocation Fund: Class II (GVAAA2)¹

Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (GVABD2)¹

Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (GVAGG2)¹

Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (GVAGI2)¹

Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (GVAGR2)¹

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 - NVIT Federated High Income Bond Fund: Class I (HIBF)¹

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 - NVIT Amundi Multi Sector Bond Fund: Class I (MSBF)¹

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

Nationwide Variable Insurance Trust - NVIT BNY 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)

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

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

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

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

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

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

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)

6

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

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

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

Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I (NVLCP1)¹

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

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

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

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

Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I (NVNMO1)¹

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

Nationwide Variable Insurance Trust - NVIT BNY 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)

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)

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)

7

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 Large Cap Value Fund: Class IB (PVEIB)¹

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)

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

VanEck VIP Trust - Global Resources Fund: Initial Class (VWHA)¹

VIRTUS MUTUAL FUNDS

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

WELLS FARGO FUNDS

Allspring Variable Trust - VT Discovery Fund: Class 2 (SVDF)¹

Allspring Variable Trust - VT Opportunity Fund: Class 2 (SVOF)¹

Allspring Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)¹

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, 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, 2021 and 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)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, 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, 2021 and the period from September 11, 2020 (inception) to December 31, 2020.

NATIONWIDE FUNDS GROUP

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

8

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, 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, 2021 and the period from October 16, 2020 (inception) to December 31, 2020.

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, 2021, 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, 2021 and the period from October 23, 2020 (inception) to December 31, 2020.

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 assets, liabilities and contract owners’ equity as of December 31, 2021, and the related statements of operations and changes in contract owners’ equity for the period from March 31, 2021 (inception) to December 31, 2021.

AB FUNDS

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, and the related statements of operations and changes in contract owners’ equity for the period from April 20, 2021 (inception) to December 31, 2021.

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, and the related statements of operations and changes in contract owners’ equity for the period from April 30, 2021 (inception) to December 31, 2021.

INVESCO INVESTMENTS

Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV)

9

Statement of assets, liabilities and contract owners’ equity as of December 31, 2021, and the related statements of operations and changes in contract owners’ equity for the period from September 1, 2021 (inception) to December 31, 2021.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG)

Statement of operations for the period from January 1, 2021 to April 30, 2021 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2021 to April 30, 2021 (liquidation) and the year ended December 31, 2020.

INVESCO INVESTMENTS

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

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

10

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2021

Subaccount*,**	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
ALVDAA		423	$	6,228	$	6,319	$	11	$	6,330	$	-	$	6,330
ALVGIA		13,724		410,734		505,446		40		505,486		-		505,486
ALVIVB		5,369		80,951		83,862		-		83,862		3		83,859
ALVSVA		54,935		1,010,853		1,288,765		44		1,288,809		-		1,288,809
ACVB		617,681		4,651,902		5,905,030		31		5,905,061		-		5,905,061
ACVCA		6,257		105,741		117,014		74		117,088		-		117,088
ACVI		51,700		605,965		768,267		15		768,282		-		768,282
ACVIG		180,807		1,677,385		1,938,254		72		1,938,326		-		1,938,326
ACVIP2		62,649		656,059		715,449		-		715,449		6		715,443
ACVMV1		54,947		1,115,500		1,374,766		-		1,374,766		13		1,374,753
ACVU1		6,842		158,400		214,701		-		214,701		32		214,669
BRVHYI		78,384		583,632		594,935		2,204		597,139		-		597,139
MLVGA2		110,699		1,827,307		1,960,483		36		1,960,519		-		1,960,519
DGI		51,790		1,515,097		2,153,437		1		2,153,438		-		2,153,438
DSC		5,904		273,832		341,099		-		341,099		2		341,097
DSIF		801,340		33,655,050		62,352,235		99		62,352,334		-		62,352,334
DSRG		197,348		6,967,007		11,461,945		-		11,461,945		9		11,461,936
DVSCS		101,383		1,916,212		2,387,564		61		2,387,625		-		2,387,625
DWVSVS		9,006		341,349		407,623		-		407,623		8		407,615
DFVGMI		4,470		59,102		70,539		6		70,545		-		70,545
DFVIPS		16,641		177,464		188,039		-		188,039		-		188,039
DSGIBA		25,216		588,474		675,283		3		675,286		-		675,286
FQB		144,695		1,640,754		1,629,266		-		1,629,266		9		1,629,257
FVU2		7,819		84,911		100,867		-		100,867		5		100,862
FAMP		711,075		11,164,911		13,034,008		33		13,034,041		-		13,034,041
FCS		32,064		1,387,922		1,731,437		27		1,731,464		-		1,731,464
FEIP		1,684,523		37,099,856		44,050,275		216		44,050,491		-		44,050,491
FEMS		31,609		419,682		398,587		11		398,598		-		398,598
FF10S		31,677		411,339		457,106		-		457,106		-		457,106
FF20S		75,638		991,916		1,162,560		-		1,162,560		5		1,162,555
FF30S		125,392		1,853,739		2,242,016		22		2,242,038		-		2,242,038
FGP		1,128,136		73,560,304		115,554,932		413		115,555,345		-		115,555,345
FHIP		1,389,675		7,480,177		7,295,793		116		7,295,909		-		7,295,909
FIGBS		195,929		2,561,104		2,582,342		17		2,582,359		-		2,582,359
FMCS		181,169		6,186,339		7,360,913		86		7,360,999		-		7,360,999
FNRS2		76,954		1,165,846		1,207,406		17		1,207,423		-		1,207,423
FOP		169,966		3,104,408		4,976,602		11		4,976,613		-		4,976,613
FOS		190,032		4,050,527		5,535,621		65		5,535,686		-		5,535,686
FRESS		3,892		75,620		92,284		-		92,284		9		92,275
FVSS		76,639		1,067,065		1,253,051		-		1,253,051		24		1,253,027
FTVDM2		48,222		461,285		514,528		-		514,528		3		514,525
FTVFA2		37,209		217,836		221,766		-		221,766		1		221,765
FTVGI2		85,113		1,355,975		1,117,535		5		1,117,540		-		1,117,540
FTVIS2		81,306		1,241,912		1,362,688		8		1,362,696		-		1,362,696
FTVRDI		11,391		360,176		418,490		32		418,522		-		418,522
FTVSVI		163,782		2,712,223		3,018,502		48		3,018,550		-		3,018,550
TIF		2,978		42,185		41,390		-		41,390		7		41,383
TIF2		35,226		514,248		478,719		-		478,719		1		478,718
GVGMNS		4,605		57,846		59,215		-		59,215		2		59,213
GVMSAS		727		7,199		7,100		-		7,100		-		7,100
RVARS		2,983		77,258		80,565		7		80,572		-		80,572
ACEG		3,479		274,382		308,319		-		308,319		3		308,316
AVMCCI		3,256		32,825		42,230		9		42,239		-		42,239

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2021

Subaccount*,**	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
IVBRA1		35,622		378,864		383,294		5		383,299		-		383,299
OVAG		26,995		2,438,192		3,094,477		16		3,094,493		-		3,094,493
OVB		459,773		3,675,173		3,586,227		60		3,586,287		-		3,586,287
OVGS		475,249		19,463,471		27,193,747		-		27,193,747		31		27,193,716
OVIG		113,877		309,874		332,520		20		332,540		-		332,540
OVMS		296,500		4,208,710		5,497,104		68		5,497,172		-		5,497,172
OVSB		39,607		193,396		176,250		-		176,250		3		176,247
OVSC		38,621		927,831		1,215,388		91		1,215,479		-		1,215,479
WRASP		109,012		1,014,625		1,110,700		14		1,110,714		-		1,110,714
WRHIP		148,136		500,649		502,568		7		502,575		-		502,575
WRMCG		60,763		839,873		1,084,115		-		1,084,115		2		1,084,113
JABS		50,181		2,111,677		2,666,621		16		2,666,637		-		2,666,637
JACAS		123,658		4,903,867		7,003,971		79		7,004,050		-		7,004,050
JAEI		3,340		267,268		335,735		20		335,755		-		335,755
JAGTS		317,494		5,186,151		6,638,793		53		6,638,846		-		6,638,846
JAIGS		73,669		2,087,355		3,021,882		19		3,021,901		-		3,021,901
LOVTRC		12,192		203,002		205,440		13		205,453		-		205,453
MNDIC		30,850		713,023		718,808		22		718,830		-		718,830
MV2IGI		16,301		368,382		449,418		-		449,418		22		449,396
MV3MVI		17,061		176,816		189,206		-		189,206		5		189,201
MVFIC		149,883		2,937,130		3,705,117		49		3,705,166		-		3,705,166
MVIGIC		14,680		216,368		246,326		7		246,333		-		246,333
MSEM		69,189		534,263		498,160		14		498,174		-		498,174
MSVFI		57,303		649,092		599,965		25		599,990		-		599,990
MSVRE		31,953		635,671		749,939		15		749,954		-		749,954
DTRTFB		5,247		52,982		51,837		2		51,839		-		51,839
EIF		60,170		1,099,658		1,371,268		30		1,371,298		-		1,371,298
GBF		395,123		4,426,148		4,294,983		10		4,294,993		-		4,294,993
GEM		91,933		1,131,351		1,263,159		-		1,263,159		21		1,263,138
GIG		296,531		3,152,232		3,780,768		23		3,780,791		-		3,780,791
GVAAA2		150,288		3,772,871		4,523,663		21		4,523,684		-		4,523,684
GVABD2		29,474		345,872		360,464		2		360,466		-		360,466
GVAGG2		63,962		2,064,426		2,911,560		28		2,911,588		-		2,911,588
GVAGI2		14,495		775,991		983,349		2		983,351		-		983,351
GVAGR2		29,883		2,764,441		4,318,372		28		4,318,400		-		4,318,400
GVDMA		410,892		5,116,455		6,040,106		53		6,040,159		-		6,040,159
GVDMC		44,092		486,306		523,807		34		523,841		-		523,841
GVEX1		251,354		4,841,632		7,022,841		34		7,022,875		-		7,022,875
GVIDA		164,210		2,066,625		2,431,944		16		2,431,960		-		2,431,960
GVIDC		19,545		196,969		209,918		-		209,918		8		209,910
GVIDM		214,263		2,623,292		2,815,415		64		2,815,479		-		2,815,479
GVIX2		74,561		753,009		833,591		19		833,610		-		833,610
HIBF		130,329		853,581		853,654		-		853,654		20		853,634
IDPG		27		327		348		6		354		-		354
MCIF		248,278		5,612,302		6,869,852		137		6,869,989		-		6,869,989
MSBF		105,904		970,642		969,020		-		969,020		2		969,018
NCPG		731		9,436		9,546		4		9,550		-		9,550
NCPGI		7		80		90		-		90		7		83
NVAMV1		329,839		5,028,496		6,553,895		-		6,553,895		6		6,553,889
NVAMVX		134,526		1,844,099		2,668,991		33		2,669,024		-		2,669,024
NVBX		21,480		233,491		229,619		6		229,625		-		229,625
NVCBD1		51,703		584,144		558,396		-		558,396		6		558,390
NVCCA1		64,146		695,671		786,433		-		786,433		5		786,428

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2021

Subaccount*,**	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
NVCCN1		3,782		41,844		42,928		-		42,928		8		42,920
NVCMA1		63,238		592,425		710,162		6		710,168		-		710,168
NVCMC1		11,853		127,017		143,070		13		143,083		-		143,083
NVCMD1		96,058		1,048,494		1,183,430		38		1,183,468		-		1,183,468
NVCRA1		24,673		256,534		321,731		-		321,731		-		321,731
NVCRB1		40,319		432,376		503,186		10		503,196		-		503,196
NVDBL2		25,790		403,563		447,205		-		447,205		19		447,186
NVDCA2		5,893		103,386		119,094		3		119,097		-		119,097
NVDCAP		10,711		184,838		215,515		-		215,515		2		215,513
NVFIII		608		6,824		6,667		-		6,667		3		6,664
NVGEII		474		7,388		7,708		-		7,708		7		7,701
NVIDMP		39,514		470,702		516,444		7		516,451		-		516,451
NVIX		51,193		516,535		573,362		-		573,362		-		573,362
NVLCP1		81,311		957,642		934,265		-		934,265		5		934,260
NVMIG1		416,970		4,535,058		4,820,171		33		4,820,204		-		4,820,204
NVMIVX		35,071		335,802		403,672		2		403,674		-		403,674
NVMLG1		381,499		3,616,353		3,998,108		15		3,998,123		-		3,998,123
NVMMG1		3,738,235		41,858,167		43,214,000		-		43,214,000		8		43,213,992
NVMMV2		2,368,318		22,882,740		22,712,166		43		22,712,209		-		22,712,209
NVNMO1		1,164,341		12,112,047		17,639,770		51		17,639,821		-		17,639,821
NVNSR1		12,968		179,126		205,408		-		205,408		3		205,405
NVOLG1		4,663,530		85,949,177		112,064,622		176		112,064,798		-		112,064,798
NVRE1		795,820		5,488,864		8,395,902		88		8,395,990		-		8,395,990
NVSIX2		60,470		534,695		612,565		27		612,592		-		612,592
NVSTB2		19,733		205,303		201,671		-		201,671		5		201,666
NVTIV3		3,624		35,414		42,041		-		42,041		-		42,041
SAM		11,158,073		11,158,073		11,158,073		-		11,158,073		73		11,158,000
SCF		844,935		16,623,847		21,875,376		117		21,875,493		-		21,875,493
SCGF		135,950		2,309,192		2,701,323		-		2,701,323		9		2,701,314
SCVF		383,620		4,178,014		4,442,322		66		4,442,388		-		4,442,388
TRF		2,447,428		32,215,021		66,618,988		131		66,619,119		-		66,619,119
AMCG		68,633		1,851,598		2,768,636		2		2,768,638		-		2,768,638
AMINS		1,869		20,567		30,588		-		30,588		4		30,584
AMMCGS		6,446		202,418		232,194		-		232,194		12		232,182
AMRS		192		3,540		4,574		5		4,579		-		4,579
AMSRS		154,131		4,077,580		5,707,462		-		5,707,462		33		5,707,429
AMTB		138,720		1,467,046		1,453,784		12		1,453,796		-		1,453,796
NOTB3		874		10,127		11,130		5		11,135		-		11,135
NOTG3		327		3,771		4,259		-		4,259		5		4,254
NOTMG3		7		81		92		-		92		4		88
PMVAAA		24,781		267,811		285,228		-		285,228		-		285,228
PMVFBA		13,572		135,283		124,452		11		124,463		-		124,463
PMVLDA		121,923		1,249,141		1,247,270		13		1,247,283		-		1,247,283
PMVRSA		8,468		63,282		65,538		-		65,538		9		65,529
PVEIB		22,114		558,011		681,564		17		681,581		-		681,581
PVGOB		121,088		1,323,382		1,939,831		23		1,939,854		-		1,939,854
PVTIGB		15,598		215,473		266,098		14		266,112		-		266,112
TRHS2		94,004		4,238,319		5,752,099		68		5,752,167		-		5,752,167
TRLT2		9,118		43,796		44,586		-		44,586		2		44,584
VWBF		83,056		698,487		667,773		-		667,773		-		667,773
VWEM		197,933		2,634,386		2,850,228		-		2,850,228		2		2,850,226
VWHA		113,922		2,345,074		3,031,465		-		3,031,465		6		3,031,459
VRVDRI		2,271		51,874		57,483		7		57,490		-		57,490

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2021

Subaccount*,**	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity
SVDF		20,425		700,378		872,967		-		872,967		98		872,869
SVOF		54,612		1,397,932		1,919,079		91		1,919,170		-		1,919,170
WFVSCG		57,192		691,074		802,971		20		802,991		-		802,991
Total (unaudited)					$	805,942,124	$	6,119	$	805,948,243	$	597	$	805,947,646

* 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, 2021, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	Total (unaudited)			ALVDAA			ALVGIA			ALVIVB			ALVSVA			ACVB			ACVCA			ACVI
Reinvested dividends	$	5,561,116			6			3,906			1,391			9,349			41,150			-			1,186
Mortality and expense risk charges (note 3)		(3,877,591	)		(6	)		(2,093	)		(317	)		(4,883	)		(39,545	)		(10,090	)		(3,730	)
Net investment income (loss)		1,683,525			-			1,813			1,074			4,466			1,605			(10,090	)		(2,544	)
Realized gain (loss) on investments		25,247,801			40			3,624			177			25,235			126,548			611,464			4,710
Change in unrealized gain (loss) on investments		55,558,418			70			104,075			2,911			277,918			407,623			(512,887	)		35,687
Net gain (loss) on investments		80,806,219			110			107,699			3,088			303,153			534,171			98,577			40,397
Reinvested capital gains		53,145,002			-			-			-			-			263,950			234,864			20,998
Net increase (decrease) in contract owners’ equity resulting from operations	$	135,634,746			110			109,512			4,162			307,619			799,726			323,351			58,851
Investment Activity*:	ACVIG			ACVIP2			ACVMV1			ACVU1			BRVHYI			MLVGA2			DCAP			DGI
Reinvested dividends	$	20,381			20,441			15,958			-			31,814			14,944			21,276			9,582
Mortality and expense risk charges (note 3)		(9,002	)		(2,998	)		(6,862	)		(1,869	)		(3,489	)		(9,752	)		(20,941	)		(8,931	)
Net investment income (loss)		11,379			17,443			9,096			(1,869	)		28,325			5,192			335			651
Realized gain (loss) on investments		13,869			4,689			28,801			5,488			5,807			33,286			1,587,587			44,497
Change in unrealized gain (loss) on investments		84,258			14,000			245,739			22,428			(2,946	)		(191,848	)		(853,855	)		269,274
Net gain (loss) on investments		98,127			18,689			274,540			27,916			2,861			(158,562	)		733,732			313,771
Reinvested capital gains		268,997			-			-			13,032			1,689			267,604			532,329			129,681
Net increase (decrease) in contract owners’ equity resulting from operations	$	378,503			36,132			283,636			39,079			32,875			114,234			1,266,396			444,103

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	DSC			DSIF			DSRG			DVSCS			DWVSVS			DFVGMI			DFVIPS			DSGIBA
Reinvested dividends	$	365			652,900			80,087			16,673			2,017			998			8,534			15,859
Mortality and expense risk charges (note 3)		(1,848	)		(267,994	)		(55,732	)		(12,917	)		(1,696	)		(338	)		(1,309	)		(3,370	)
Net investment income (loss)		(1,483	)		384,906			24,355			3,756			321			660			7,225			12,489
Realized gain (loss) on investments		(2,210	)		2,805,344			402,078			58,640			5,470			183			20,985			(1,002	)
Change in unrealized gain (loss) on investments		50,106			8,286,194			1,802,934			451,784			83,110			5,397			(17,429	)		45,213
Net gain (loss) on investments		47,896			11,091,538			2,205,012			510,424			88,580			5,580			3,556			44,211
Reinvested capital gains		-			2,502,517			235,490			34,142			-			2,237			1,533			9,591
Net increase (decrease) in contract owners’ equity resulting from operations	$	46,413			13,978,961			2,464,857			548,322			88,901			8,477			12,314			66,291
Investment Activity*:	FQB			FVU2			FAMP			FCS			FEIP			FEMS			FF10S			FF20S
Reinvested dividends	$	41,872			1,654			207,654			556			795,044			8,115			4,323			11,481
Mortality and expense risk charges (note 3)		(12,426	)		(480	)		(75,920	)		(7,150	)		(214,538	)		(1,943	)		(2,078	)		(6,133	)
Net investment income (loss)		29,446			1,174			131,734			(6,594	)		580,506			6,172			2,245			5,348
Realized gain (loss) on investments		6,231			2,156			260,010			22,225			1,462,124			21,351			16,229			14,213
Change in unrealized gain (loss) on investments		(86,419	)		12,141			672,703			144,480			2,340,684			(84,814	)		(11,492	)		18,452
Net gain (loss) on investments		(80,188	)		14,297			932,713			166,705			3,802,808			(63,463	)		4,737			32,665
Reinvested capital gains		14,523			-			71,004			180,674			4,659,578			43,398			14,104			60,831
Net increase (decrease) in contract owners’ equity resulting from operations	$	(36,219	)		15,471			1,135,451			340,785			9,042,892			(13,893	)		21,086			98,844

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	FF30S			FGP			FHIP			FIGBS			FMCS			FNRS2			FOP			FOS
Reinvested dividends	$	21,663			-			388,911			50,836			35,665			23,185			25,405			23,240
Mortality and expense risk charges (note 3)		(9,073	)		(562,759	)		(35,869	)		(11,356	)		(34,172	)		(4,916	)		(20,772	)		(27,490	)
Net investment income (loss)		12,590			(562,759	)		353,042			39,480			1,493			18,269			4,633			(4,250	)
Realized gain (loss) on investments		18,560			7,020,926			(39,474	)		17,673			113,081			(126,095	)		204,680			146,570
Change in unrealized gain (loss) on investments		69,851			(6,870,865	)		(33,184	)		(161,431	)		299,136			487,812			276,609			379,398
Net gain (loss) on investments		88,411			150,061			(72,658	)		(143,758	)		412,217			361,717			481,289			525,968
Reinvested capital gains		74,397			22,736,151			-			71,530			1,115,101			-			361,967			392,239
Net increase (decrease) in contract owners’ equity resulting from operations	$	175,398			22,323,453			280,384			(32,748	)		1,528,811			379,986			847,889			913,957
Investment Activity*:	FRESS			FVSS			FTVDM2			FTVFA2			FTVGI2			FTVIS2			FTVRDI			FTVSVI
Reinvested dividends	$	730			16,633			4,935			3,641			-			61,258			50,378			32,490
Mortality and expense risk charges (note 3)		(383	)		(6,722	)		(2,735	)		(1,131	)		(5,275	)		(6,564	)		(19,333	)		(13,771	)
Net investment income (loss)		347			9,911			2,200			2,510			(5,275	)		54,694			31,045			18,719
Realized gain (loss) on investments		5,879			35,175			14,252			(5,430	)		(22,467	)		(2,072	)		1,454,868			(49,607	)
Change in unrealized gain (loss) on investments		16,188			139,855			(60,879	)		25,114			(37,163	)		143,375			(571,422	)		549,205
Net gain (loss) on investments		22,067			175,030			(46,627	)		19,684			(59,630	)		141,303			883,446			499,598
Reinvested capital gains		439			99,141			11,310			-			-			-			152,518			72,463
Net increase (decrease) in contract owners’ equity resulting from operations	$	22,853			284,082			(33,117	)		22,194			(64,905	)		195,997			1,067,009			590,780

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	TIF			TIF2			GVGMNS			GVMSAS			RVARS			ACEG			AVMCCI			IVBRA1
Reinvested dividends	$	875			9,205			-			105			-			-			179			11,880
Mortality and expense risk charges (note 3)		(200	)		(2,135	)		(224	)		(43	)		(377	)		(1,573	)		(211	)		(1,871	)
Net investment income (loss)		675			7,070			(224	)		62			(377	)		(1,573	)		(32	)		10,009
Realized gain (loss) on investments		192			(4,281	)		1,334			829			1,344			49,523			(14	)		(128	)
Change in unrealized gain (loss) on investments		784			17,452			758			(672	)		1,400			(44,204	)		7,710			10,168
Net gain (loss) on investments		976			13,171			2,092			157			2,744			5,319			7,696			10,040
Reinvested capital gains		-			-			4,623			-			1,861			41,286			-			11,834
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,651			20,241			6,491			219			4,228			45,032			7,664			31,883
Investment Activity*:	MSVMV			OVAG			OVB			OVGI			OVGS			OVIG			OVMS			OVSB
Reinvested dividends	$	-			-			77,378			7,909			-			-			81,393			8,396
Mortality and expense risk charges (note 3)		-			(17,855	)		(22,652	)		(4,280	)		(136,328	)		(1,738	)		(28,148	)		(811	)
Net investment income (loss)		-			(17,855	)		54,726			3,629			(136,328	)		(1,738	)		53,245			7,585
Realized gain (loss) on investments		127			222,330			9,422			266,517			742,904			30,667			91,003			(250	)
Change in unrealized gain (loss) on investments		-			(5,515	)		(285,919	)		(63,894	)		1,758,946			(19,649	)		109,131			(14,216	)
Net gain (loss) on investments		127			216,815			(276,497	)		202,623			2,501,850			11,018			200,134			(14,466	)
Reinvested capital gains		-			282,362			137,697			64,472			1,393,607			24,521			278,281			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	127			481,322			(84,074	)		270,724			3,759,129			33,801			531,660			(6,881	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	OVSC			WRASP			WRHIP			WRMCG			JABS			JACAS			JAEI			JAGTS
Reinvested dividends	$	4,390			17,318			32,023			-			15,810			-			1,074			7,601
Mortality and expense risk charges (note 3)		(5,870	)		(5,827	)		(2,761	)		(5,675	)		(11,312	)		(32,318	)		(1,718	)		(32,952	)
Net investment income (loss)		(1,480	)		11,491			29,262			(5,675	)		4,498			(32,318	)		(644	)		(25,351	)
Realized gain (loss) on investments		22,928			7,544			(1,730	)		70,990			139,143			359,672			21,373			679,577
Change in unrealized gain (loss) on investments		128,926			(29,695	)		298			(30,143	)		195,339			155,742			3,391			(504,176	)
Net gain (loss) on investments		151,854			(22,151	)		(1,432	)		40,847			334,482			515,414			24,764			175,401
Reinvested capital gains		73,833			111,569			-			128,011			16,607			842,388			28,353			871,492
Net increase (decrease) in contract owners’ equity resulting from operations	$	224,207			100,909			27,830			163,183			355,587			1,325,484			52,473			1,021,542
Investment Activity*:	JAIGS			LOVTRC			MNDIC			MV2IGI			MV3MVI			MVFIC			MVIGIC			MSEM
Reinvested dividends	$	29,709			3,294			-			996			916			47,414			1,235			26,746
Mortality and expense risk charges (note 3)		(14,609	)		(868	)		(4,094	)		(1,102	)		(389	)		(16,401	)		(1,171	)		(2,624	)
Net investment income (loss)		15,100			2,426			(4,094	)		(106	)		527			31,013			64			24,122
Realized gain (loss) on investments		38,547			34			50,499			4,470			134			109,305			2,712			(2,780	)
Change in unrealized gain (loss) on investments		289,484			(4,900	)		(151,916	)		35,073			12,390			562,539			4,791			(34,295	)
Net gain (loss) on investments		328,031			(4,866	)		(101,417	)		39,543			12,524			671,844			7,503			(37,075	)
Reinvested capital gains		-			1,178			121,295			53,038			776			78,956			10,069			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	343,131			(1,262	)		15,784			92,475			13,827			781,813			17,636			(12,953	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	MSVFI			MSVRE			DTRTFB			EIF			GBF			GEM			GIG			GVAAA2
Reinvested dividends	$	23,297			13,286			1,167			16,749			72,460			13,070			96,126			48,279
Mortality and expense risk charges (note 3)		(2,699	)		(2,987	)		(247	)		(6,103	)		(21,672	)		(6,370	)		(17,619	)		(21,946	)
Net investment income (loss)		20,598			10,299			920			10,646			50,788			6,700			78,507			26,333
Realized gain (loss) on investments		222			(503	)		16			19,792			(44,067	)		31,984			54,747			51,065
Change in unrealized gain (loss) on investments		(63,751	)		207,752			(1,350	)		166,994			(125,841	)		(143,990	)		290,831			479,310
Net gain (loss) on investments		(63,529	)		207,249			(1,334	)		186,786			(169,908	)		(112,006	)		345,578			530,375
Reinvested capital gains		38,614			-			147			13,214			-			-			-			26,423
Net increase (decrease) in contract owners’ equity resulting from operations	$	(4,317	)		217,548			(267	)		210,646			(119,120	)		(105,306	)		424,085			583,131
Investment Activity*:	GVABD2			GVAGG2			GVAGI2			GVAGR2			GVDMA			GVDMC			GVEX1			GVIDA
Reinvested dividends	$	7,707			-			9,589			-			9,335			1,182			136,312			3,130
Mortality and expense risk charges (note 3)		(2,051	)		(13,885	)		(4,503	)		(18,674	)		(28,838	)		(3,646	)		(30,733	)		(13,129	)
Net investment income (loss)		5,656			(13,885	)		5,086			(18,674	)		(19,503	)		(2,464	)		105,579			(9,999	)
Realized gain (loss) on investments		4,678			117,263			9,357			230,631			154,134			4,818			242,066			27,199
Change in unrealized gain (loss) on investments		(17,396	)		223,661			160,830			471,467			503,088			28,012			1,108,443			269,276
Net gain (loss) on investments		(12,718	)		340,924			170,187			702,098			657,222			32,830			1,350,509			296,475
Reinvested capital gains		2,145			76,342			16,580			64,213			90,212			4,840			46,192			40,360
Net increase (decrease) in contract owners’ equity resulting from operations	$	(4,917	)		403,381			191,853			747,637			727,931			35,206			1,502,280			326,836

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	GVIDC			GVIDM			GVIX2			HIBF			IDPG			MCIF			MSBF			NCPG
Reinvested dividends	$	523			5,426			22,685			41,499			2			79,004			53,162			-
Mortality and expense risk charges (note 3)		(1,093	)		(11,076	)		(4,169	)		(4,579	)		(3	)		(35,494	)		(5,495	)		(1	)
Net investment income (loss)		(570	)		(5,650	)		18,516			36,920			(1	)		43,510			47,667			(1	)
Realized gain (loss) on investments		1,005			31,081			8,446			13,874			3			63,880			8,761			-
Change in unrealized gain (loss) on investments		3,253			215,938			52,450			(2,216	)		31			1,197,179			(10,050	)		110
Net gain (loss) on investments		4,258			247,019			60,896			11,658			34			1,261,059			(1,289	)		110
Reinvested capital gains		1,405			32,445			-			-			14			115,943			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	5,093			273,814			79,412			48,578			47			1,420,512			46,378			109
Investment Activity*:	NCPGI			NVAMV1			NVAMVX			NVBX			NVCBD1			NVCCA1			NVCCN1			NVCMA1
Reinvested dividends	$	-			76,717			33,090			4,944			10,999			2,076			113			1,664
Mortality and expense risk charges (note 3)		-			(30,226	)		(11,436	)		(1,231	)		(3,779	)		(3,950	)		(752	)		(3,729	)
Net investment income (loss)		-			46,491			21,654			3,713			7,220			(1,874	)		(639	)		(2,065	)
Realized gain (loss) on investments		1			(52,722	)		70,474			2,284			7,317			(1,741	)		16,782			14,277
Change in unrealized gain (loss) on investments		6			1,787,376			565,211			(13,420	)		(44,863	)		110,509			(3,197	)		94,959
Net gain (loss) on investments		7			1,734,654			635,685			(11,136	)		(37,546	)		108,768			13,585			109,236
Reinvested capital gains		-			-			-			923			16,595			-			118			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	7			1,781,145			657,339			(6,500	)		(13,731	)		106,894			13,064			107,171

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	NVCMC1			NVCMD1			NVCRA1			NVCRB1			NVDBL2			NVDCA2			NVDCAP			NVFIII
Reinvested dividends	$	349			3,144			580			1,294			1,053			203			685			59
Mortality and expense risk charges (note 3)		(726	)		(5,378	)		(1,732	)		(2,550	)		(895	)		(792	)		(964	)		(87	)
Net investment income (loss)		(377	)		(2,234	)		(1,152	)		(1,256	)		158			(589	)		(279	)		(28	)
Realized gain (loss) on investments		755			3,644			21,546			7,693			12,796			5,210			1,753			602
Change in unrealized gain (loss) on investments		11,369			137,562			36,128			43,305			22,029			8,674			17,051			(1,249	)
Net gain (loss) on investments		12,124			141,206			57,674			50,998			34,825			13,884			18,804			(647	)
Reinvested capital gains		35			-			-			-			5,000			1,811			2,848			2
Net increase (decrease) in contract owners’ equity resulting from operations	$	11,782			138,972			56,522			49,742			39,983			15,106			21,373			(673	)
Investment Activity*:	NVGEII			NVIDMP			NVIX			NVLCP1			NVMIG1			NVMIVX			NVMLG1			NVMMG1
Reinvested dividends	$	86			1,876			16,545			17,007			20,351			13,317			-			53,430
Mortality and expense risk charges (note 3)		(30	)		(2,251	)		(2,666	)		(1,507	)		(29,336	)		(2,022	)		(14,883	)		(232,053	)
Net investment income (loss)		56			(375	)		13,879			15,500			(8,985	)		11,295			(14,883	)		(178,623	)
Realized gain (loss) on investments		633			3,750			1,163			(1,400	)		17,391			3,610			(223,935	)		438,503
Change in unrealized gain (loss) on investments		74			29,685			34,245			(22,955	)		(218,803	)		18,911			773,627			(8,682,555	)
Net gain (loss) on investments		707			33,435			35,408			(24,355	)		(201,412	)		22,521			549,692			(8,244,052	)
Reinvested capital gains		4			5,140			-			7,389			172,858			-			614,102			5,926,648
Net increase (decrease) in contract owners’ equity resulting from operations	$	767			38,200			49,287			(1,466	)		(37,539	)		33,816			1,148,911			(2,496,027	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	NVMMV2			NVNMO1			NVNSR1			NVOLG1			NVRE1			NVSIX2			NVSTB2			NVTIV3
Reinvested dividends	$	162,374			49,690			646			498,184			77,597			5,082			2,155			1,033
Mortality and expense risk charges (note 3)		(112,374	)		(81,565	)		(869	)		(448,936	)		(35,082	)		(3,058	)		(1,189	)		(314	)
Net investment income (loss)		50,000			(31,875	)		(223	)		49,248			42,515			2,024			966			719
Realized gain (loss) on investments		(677,071	)		663,818			3,743			(53,949	)		49,197			(46,395	)		(167	)		(345	)
Change in unrealized gain (loss) on investments		5,137,429			2,837,683			15,651			22,213,265			2,618,711			87,697			(3,323	)		5,363
Net gain (loss) on investments		4,460,358			3,501,501			19,394			22,159,316			2,667,908			41,302			(3,490	)		5,018
Reinvested capital gains		-			335,784			19,925			1,553,658			-			12,431			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	4,510,358			3,805,410			39,096			23,762,222			2,710,423			55,757			(2,524	)		5,737
Investment Activity*:	SAM			SCF			SCGF			SCVF			TRF			AMCG			AMINS			AMMCGS
Reinvested dividends	$	3			-			-			-			479,767			-			96			-
Mortality and expense risk charges (note 3)		(62,152	)		(103,772	)		(11,589	)		(20,099	)		(334,727	)		(9,517	)		-			(1,057	)
Net investment income (loss)		(62,149	)		(103,772	)		(11,589	)		(20,099	)		145,040			(9,517	)		96			(1,057	)
Realized gain (loss) on investments		-			770,513			9,295			(85,752	)		3,194,243			34,840			158			3,141
Change in unrealized gain (loss) on investments		-			4,498,414			19,407			1,164,970			5,988,877			(2,056	)		2,943			(3,473	)
Net gain (loss) on investments		-			5,268,927			28,702			1,079,218			9,183,120			32,784			3,101			(332	)
Reinvested capital gains		-			215,933			235,502			-			2,867,346			290,046			440			27,028
Net increase (decrease) in contract owners’ equity resulting from operations	$	(62,149	)		5,381,088			252,615			1,059,119			12,195,506			313,313			3,637			25,639

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	AMRS			AMSRS			AMTB			NOTB3			NOTG3			NOTMG3			PMVAAA			PMVFBA
Reinvested dividends	$	13			20,102			39,698			110			41			1			28,228			7,779
Mortality and expense risk charges (note 3)		-			(11,400	)		(6,645	)		(55	)		(18	)		-			(1,285	)		(694	)
Net investment income (loss)		13			8,702			33,053			55			23			1			26,943			7,085
Realized gain (loss) on investments		1,252			41,792			490			35			74			1			2,844			519
Change in unrealized gain (loss) on investments		691			929,476			(27,714	)		756			308			6			5,476			(19,297	)
Net gain (loss) on investments		1,943			971,268			(27,224	)		791			382			7			8,320			(18,778	)
Reinvested capital gains		-			102,788			-			-			-			-			-			224
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,956			1,082,758			5,829			846			405			8			35,263			(11,469	)
Investment Activity*:	PMVLDA			PMVRSA			PMVTRA			PVEIB			PVGOB			PVTIGB			TRHS2			TRLT2
Reinvested dividends	$	6,844			2,104			11,519			6,023			-			3,106			-			486
Mortality and expense risk charges (note 3)		(4,829	)		(265	)		(3,202	)		(2,944	)		(9,603	)		(1,290	)		(27,526	)		-
Net investment income (loss)		2,015			1,839			8,317			3,079			(9,603	)		1,816			(27,526	)		486
Realized gain (loss) on investments		(6,579	)		7,395			(17,594	)		2,939			137,470			3,828			285,562			183
Change in unrealized gain (loss) on investments		(12,031	)		928			(34,217	)		98,903			68,370			5,527			29,297			(991	)
Net gain (loss) on investments		(18,610	)		8,323			(51,811	)		101,842			205,840			9,355			314,859			(808	)
Reinvested capital gains		-			-			32,121			18,751			180,843			9,579			368,416			272
Net increase (decrease) in contract owners’ equity resulting from operations	$	(16,595	)		10,162			(11,373	)		123,672			377,080			20,750			655,749			(50	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2021

Investment Activity*:	VWBF			VWEM			VWHA			VRVDRI			SVDF			SVOF			WFVSCG			AVBVI
Reinvested dividends	$	35,668			30,566			13,324			196			-			728			-			49
Mortality and expense risk charges (note 3)		(3,996	)		(17,306	)		(15,410	)		(95	)		(6,911	)		(13,261	)		(3,731	)		-
Net investment income (loss)		31,672			13,260			(2,086	)		101			(6,911	)		(12,533	)		(3,731	)		49
Realized gain (loss) on investments		(8,684	)		72,253			(8,422	)		2,488			87,982			67,448			37,022			1,091
Change in unrealized gain (loss) on investments		(55,413	)		(558,362	)		501,229			5,108			(210,347	)		230,847			(71,588	)		(30	)
Net gain (loss) on investments		(64,097	)		(486,109	)		492,807			7,596			(122,365	)		298,295			(34,566	)		1,061
Reinvested capital gains		-			74,640			-			352			81,564			87,776			78,724			166
Net increase (decrease) in contract owners’ equity resulting from operations	$	(32,425	)		(398,209	)		490,721			8,049			(47,712	)		373,538			40,427			1,276

* For all subaccounts not included herein but listed as an investment option in note 1(b), there was no activity during the period. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2021, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	Total (unaudited)						ALVDAA						ALVGIA						ALVIVB
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	1,683,525			3,526,391			-			2			1,813			3,877			1,074			-
Realized gain (loss) on investments		25,247,801			14,143,652			40			-			3,624			(7,072	)		177			-
Change in unrealized gain (loss) on investments		55,558,418			60,277,713			70			9			104,075			(12,918	)		2,911			-
Reinvested capital gains		53,145,002			42,152,339			-			-			-			18,845			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		135,634,746			120,100,095			110			11			109,512			2,732			4,162			-
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		16,693,759			21,092,153			168			90			14,765			8,210			-			-
Transfers between funds		-			(156	)		6,269			-			13,001			(11,979	)		84,424			-
Surrenders (notes 2, 3, 4, 5 and 6)		(72,875,405	)		(67,810,883	)		(502	)		(79	)		(32,380	)		(37,415	)		(4,724	)		-
Adjustments to maintain reserves		(286,551	)		67,371			17			(11	)		19			30			(3	)		-
Net equity transactions		(56,468,197	)		(46,651,515	)		5,952			-			(4,595	)		(41,154	)		79,697			-
Net change in contract owners’ equity		79,166,549			73,448,580			6,062			11			104,917			(38,422	)		83,859			-
Contract owners’ equity at beginning of period		726,781,097			653,332,517			268			257			400,569			438,991			-			-
Contract owners’ equity at end of period	$	805,947,646			726,781,097			6,330			268			505,486			400,569			83,859			-
CHANGE IN UNITS:
Beginning units		15,668,140			16,511,829			18			18			9,985			11,184			-			-
Units purchased		1,542,079			1,904,115			409			22			1,048			327			8,832			-
Units surrendered		(2,694,530	)		(2,747,804	)		(47	)		(22	)		(1,175	)		(1,526	)		(478	)		-
Ending units		14,515,689			15,668,140			380			18			9,858			9,985			8,354			-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	ALVSVA						ACVB						ACVCA						ACVI
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	4,466			3,980			1,605			27,758			(10,090	)		(8,532	)		(2,544	)		812
Realized gain (loss) on investments		25,235			(47,433	)		126,548			51,544			611,464			23,792			4,710			10,601
Change in unrealized gain (loss) on investments		277,918			36,436			407,623			337,020			(512,887	)		394,879			35,687			89,208
Reinvested capital gains		-			33,371			263,950			189,429			234,864			154,309			20,998			6,194
Net increase (decrease) in contract owners’ equity resulting from operations		307,619			26,354			799,726			605,751			323,351			564,448			58,851			106,815
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		27,255			25,562			87,553			96,858			16,099			7,527			3,001			3,352
Transfers between funds		176,434			(14,178	)		(47,403	)		65,308			(2,077,835	)		(2,478	)		621			222,516
Surrenders (notes 2, 3, 4, 5 and 6)		(84,949	)		(76,019	)		(512,165	)		(771,539	)		(26,592	)		(173,164	)		(12,474	)		(39,902	)
Adjustments to maintain reserves		16			25			172			15			(22,538	)		6,522			(25,688	)		4,982
Net equity transactions		118,756			(64,610	)		(471,843	)		(609,358	)		(2,110,866	)		(161,593	)		(34,540	)		190,948
Net change in contract owners’ equity		426,375			(38,256	)		327,883			(3,607	)		(1,787,515	)		402,855			24,311			297,763
Contract owners’ equity at beginning of period		862,434			900,690			5,577,178			5,580,785			1,904,603			1,501,748			743,971			446,208
Contract owners’ equity at end of period	$	1,288,809			862,434			5,905,061			5,577,178			117,088			1,904,603			768,282			743,971
CHANGE IN UNITS:
Beginning units		16,852			18,146			142,764			154,992			37,563			43,716			26,458			15,473
Units purchased		3,525			1,519			3,963			3,459			467			892			141			12,721
Units surrendered		(1,867	)		(2,813	)		(13,394	)		(15,687	)		(37,425	)		(7,045	)		(957	)		(1,736	)
Ending units		18,510			16,852			133,333			142,764			605			37,563			25,642			26,458

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	ACVIG						ACVIP2						ACVMV1						ACVU1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	11,379			24,003			17,443			4,587			9,096			16,392			(1,869	)		(7,857	)
Realized gain (loss) on investments		13,869			4,626			4,689			13,874			28,801			(7,807	)		5,488			362,998
Change in unrealized gain (loss) on investments		84,258			61,892			14,000			36,780			245,739			(42,420	)		22,428			(122,288	)
Reinvested capital gains		268,997			82,693			-			-			-			-			13,032			3,036
Net increase (decrease) in contract owners’ equity resulting from operations		378,503			173,214			36,132			55,241			283,636			(33,835	)		39,079			235,889
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		47,895			57,710			30,702			32,262			70,765			29,228			-			102,194
Transfers between funds		8,859			(121,420	)		183,983			(105,202	)		(127,664	)		(655,352	)		(4,221	)		(1,064,655	)
Surrenders (notes 2, 3, 4, 5 and 6)		(176,979	)		(192,015	)		(50,066	)		(69,149	)		(252,131	)		(129,006	)		(2,288	)		(106,326	)
Adjustments to maintain reserves		43			(11	)		(3	)		30			(20	)		16			(53	)		26
Net equity transactions		(120,182	)		(255,736	)		164,616			(142,059	)		(309,050	)		(755,114	)		(6,562	)		(1,068,761	)
Net change in contract owners’ equity		258,321			(82,522	)		200,748			(86,818	)		(25,414	)		(788,949	)		32,517			(832,872	)
Contract owners’ equity at beginning of period		1,680,005			1,762,527			514,695			601,513			1,400,167			2,189,116			182,152			1,015,024
Contract owners’ equity at end of period	$	1,938,326			1,680,005			715,443			514,695			1,374,753			1,400,167			214,669			182,152
CHANGE IN UNITS:
Beginning units		46,981			54,791			28,701			36,595			35,934			56,551			3,458			28,843
Units purchased		2,468			2,426			13,895			3,891			1,412			1,325			-			330
Units surrendered		(5,322	)		(10,236	)		(4,806	)		(11,785	)		(8,610	)		(21,942	)		(116	)		(25,715	)
Ending units		44,127			46,981			37,790			28,701			28,736			35,934			3,342			3,458

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	BRVHYI						MLVGA2						DCAP						DGI
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	28,325			27,753			5,192			11,151			335			16,050			651			4,704
Realized gain (loss) on investments		5,807			(14,570	)		33,286			12,853			1,587,587			(33,322	)		44,497			45,161
Change in unrealized gain (loss) on investments		(2,946	)		4,203			(191,848	)		203,246			(853,855	)		635,787			269,274			186,924
Reinvested capital gains		1,689			-			267,604			90,746			532,329			375,018			129,681			110,769
Net increase (decrease) in contract owners’ equity resulting from operations		32,875			17,386			114,234			317,996			1,266,396			993,533			444,103			347,558
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		5,602			21,892			59,083			78,660			68,200			111,846			24,798			34,208
Transfers between funds		(42,223	)		449,361			56,449			(173,254	)		(6,199,232	)		(101,766	)		11,916			(4,278	)
Surrenders (notes 2, 3, 4, 5 and 6)		(74,161	)		(27,382	)		(196,512	)		(168,018	)		(315,116	)		(569,132	)		(125,339	)		(130,030	)
Adjustments to maintain reserves		(432	)		1,769			38			1			(269	)		88			(9	)		27
Net equity transactions		(111,214	)		445,640			(80,942	)		(262,611	)		(6,446,417	)		(558,964	)		(88,634	)		(100,073	)
Net change in contract owners’ equity		(78,339	)		463,026			33,292			55,385			(5,180,021	)		434,569			355,469			247,485
Contract owners’ equity at beginning of period		675,478			212,452			1,927,227			1,871,842			5,180,021			4,745,452			1,797,969			1,550,484
Contract owners’ equity at end of period	$	597,139			675,478			1,960,519			1,927,227			-			5,180,021			2,153,438			1,797,969
CHANGE IN UNITS:
Beginning units		55,269			18,555			79,733			93,183			97,929			110,653			35,089			37,988
Units purchased		2,438			39,371			7,211			5,314			1,989			4,356			2,672			2,537
Units surrendered		(11,089	)		(2,657	)		(10,355	)		(18,764	)		(99,918	)		(17,080	)		(4,351	)		(5,436	)
Ending units		46,618			55,269			76,589			79,733			-			97,929			33,410			35,089

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	DSC						DSIF						DSRG						DVSCS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(1,483	)		329			384,906			508,737			24,355			46,035			3,756			10,267
Realized gain (loss) on investments		(2,210	)		(42,475	)		2,805,344			3,135,013			402,078			228,027			58,640			(40,966	)
Change in unrealized gain (loss) on investments		50,106			80,819			8,286,194			1,188,425			1,802,934			1,480,604			451,784			89,130
Reinvested capital gains		-			-			2,502,517			2,896,009			235,490			99,081			34,142			112,458
Net increase (decrease) in contract owners’ equity resulting from operations		46,413			38,673			13,978,961			7,728,184			2,464,857			1,853,747			548,322			170,889
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		10,398			9,944			1,002,790			1,085,483			230,482			255,337			35,229			33,925
Transfers between funds		17,438			(56,050	)		(259,632	)		(730,935	)		37,697			9,497			(216,305	)		(87,819	)
Surrenders (notes 2, 3, 4, 5 and 6)		(24,655	)		(14,586	)		(4,445,784	)		(4,332,407	)		(937,206	)		(659,228	)		(178,797	)		(152,874	)
Adjustments to maintain reserves		21			(23	)		(24,960	)		3,906			(1,123	)		294			21			43
Net equity transactions		3,202			(60,715	)		(3,727,586	)		(3,973,953	)		(670,150	)		(394,100	)		(359,852	)		(206,725	)
Net change in contract owners’ equity		49,615			(22,042	)		10,251,375			3,754,231			1,794,707			1,459,647			188,470			(35,836	)
Contract owners’ equity at beginning of period		291,482			313,524			52,100,959			48,346,728			9,667,229			8,207,582			2,199,155			2,234,991
Contract owners’ equity at end of period	$	341,097			291,482			62,352,334			52,100,959			11,461,936			9,667,229			2,387,625			2,199,155
CHANGE IN UNITS:
Beginning units		8,427			10,752			548,003			606,380			123,939			125,019			48,520			54,408
Units purchased		1,659			545			23,977			22,962			9,104			13,464			1,647			1,845
Units surrendered		(1,633	)		(2,870	)		(62,690	)		(81,339	)		(16,498	)		(14,544	)		(8,118	)		(7,733	)
Ending units		8,453			8,427			509,290			548,003			116,545			123,939			42,049			48,520

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	DWVSVS						DFVGMI						DFVIPS						DSGIBA
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	321			1,372			660			478			7,225			1,607			12,489			14,515
Realized gain (loss) on investments		5,470			(44,363	)		183			4			20,985			1,946			(1,002	)		(3,880	)
Change in unrealized gain (loss) on investments		83,110			(6,792	)		5,397			4,683			(17,429	)		21,526			45,213			21,222
Reinvested capital gains		-			14,977			2,237			699			1,533			1,516			9,591			12,743
Net increase (decrease) in contract owners’ equity resulting from operations		88,901			(34,806	)		8,477			5,864			12,314			26,595			66,291			44,600
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,944			1,815			891			28,232			1,396			1,969			4,716			4,059
Transfers between funds		63,733			(30,115	)		-			(38	)		377			19,922			(34,047	)		34,293
Surrenders (notes 2, 3, 4, 5 and 6)		(25,500	)		(30,462	)		(1,169	)		(1,081	)		(109,609	)		(2,484	)		(6,271	)		(8,254	)
Adjustments to maintain reserves		(11	)		9			3			(4	)		(2	)		2			6			3
Net equity transactions		40,166			(58,753	)		(275	)		27,109			(107,838	)		19,409			(35,596	)		30,101
Net change in contract owners’ equity		129,067			(93,559	)		8,202			32,973			(95,524	)		46,004			30,695			74,701
Contract owners’ equity at beginning of period		278,548			372,107			62,343			29,370			283,563			237,559			644,591			569,890
Contract owners’ equity at end of period	$	407,615			278,548			70,545			62,343			188,039			283,563			675,286			644,591
CHANGE IN UNITS:
Beginning units		15,625			20,316			4,754			2,480			23,554			21,935			45,291			43,136
Units purchased		2,815			406			62			2,369			577			1,866			578			3,734
Units surrendered		(1,285	)		(5,097	)		(82	)		(95	)		(9,263	)		(247	)		(2,888	)		(1,579	)
Ending units		17,155			15,625			4,734			4,754			14,868			23,554			42,981			45,291

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	FQB						FVU2						FAMP						FCS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	29,446			21,887			1,174			1,295			131,734			94,889			(6,594	)		(2,726	)
Realized gain (loss) on investments		6,231			(1,374	)		2,156			(32	)		260,010			279,354			22,225			10,195
Change in unrealized gain (loss) on investments		(86,419	)		51,158			12,141			(681	)		672,703			831,557			144,480			198,125
Reinvested capital gains		14,523			2,999			-			-			71,004			130,890			180,674			3,107
Net increase (decrease) in contract owners’ equity resulting from operations		(36,219	)		74,670			15,471			582			1,135,451			1,336,690			340,785			208,701
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		18,040			19,406			4,067			4,321			306,007			317,746			91,809			94,380
Transfers between funds		5,220			736,813			1,518			9,918			1,838,082			(76,913	)		260,785			753,100
Surrenders (notes 2, 3, 4, 5 and 6)		(126,167	)		(93,114	)		(1,122	)		1,310			(1,080,630	)		(957,984	)		(33,235	)		(11,324	)
Adjustments to maintain reserves		(28	)		29			1			3			(6,485	)		846			13			19
Net equity transactions		(102,935	)		663,134			4,464			15,552			1,056,974			(716,305	)		319,372			836,175
Net change in contract owners’ equity		(139,154	)		737,804			19,935			16,134			2,192,425			620,385			660,157			1,044,876
Contract owners’ equity at beginning of period		1,768,411			1,030,607			80,927			64,793			10,841,616			10,221,231			1,071,307			26,431
Contract owners’ equity at end of period	$	1,629,257			1,768,411			100,862			80,927			13,034,041			10,841,616			1,731,464			1,071,307
CHANGE IN UNITS:
Beginning units		86,638			52,411			7,410			5,959			186,706			209,936			74,520			2,386
Units purchased		2,473			41,282			1,709			1,805			92,062			9,548			22,572			73,393
Units surrendered		(7,572	)		(7,055	)		(1,287	)		(354	)		(27,156	)		(32,778	)		(2,308	)		(1,259	)
Ending units		81,539			86,638			7,832			7,410			251,612			186,706			94,784			74,520

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	FEIP						FEMS						FF10S						FF20S
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	580,506			449,806			6,172			931			2,245			3,010			5,348			6,753
Realized gain (loss) on investments		1,462,124			915,291			21,351			(4,873	)		16,229			4,298			14,213			29,138
Change in unrealized gain (loss) on investments		2,340,684			(988,212	)		(84,814	)		41,966			(11,492	)		22,593			18,452			39,635
Reinvested capital gains		4,659,578			1,607,548			43,398			24,052			14,104			17,583			60,831			64,484
Net increase (decrease) in contract owners’ equity resulting from operations		9,042,892			1,984,433			(13,893	)		62,076			21,086			47,484			98,844			140,010
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,092,827			991,483			13,306			14,462			71,418			4,145			35,825			33,644
Transfers between funds		(65,317	)		(3,294	)		91,753			66,498			(7,832	)		25,401			9,306			(8,293	)
Surrenders (notes 2, 3, 4, 5 and 6)		(4,740,874	)		(3,066,586	)		(20,126	)		(18,345	)		(87,752	)		(26,876	)		(105,769	)		(179,537	)
Adjustments to maintain reserves		(39,742	)		2,233			10			2			(9	)		8			8			2
Net equity transactions		(3,753,106	)		(2,076,164	)		84,943			62,617			(24,175	)		2,678			(60,630	)		(154,184	)
Net change in contract owners’ equity		5,289,786			(91,731	)		71,050			124,693			(3,089	)		50,162			38,214			(14,174	)
Contract owners’ equity at beginning of period		38,760,705			38,852,436			327,548			202,855			460,195			410,033			1,124,341			1,138,515
Contract owners’ equity at end of period	$	44,050,491			38,760,705			398,598			327,548			457,106			460,195			1,162,555			1,124,341
CHANGE IN UNITS:
Beginning units		360,367			390,019			23,496			18,993			18,901			18,832			41,470			47,862
Units purchased		21,362			18,072			6,951			5,479			3,346			1,439			3,580			2,893
Units surrendered		(65,306	)		(47,724	)		(1,040	)		(976	)		(4,444	)		(1,370	)		(5,702	)		(9,285	)
Ending units		316,423			360,367			29,407			23,496			17,803			18,901			39,348			41,470

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	FF30S						FGP						FHIP						FIGBS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	12,590			8,350			(562,759	)		(401,883	)		353,042			318,524			39,480			44,734
Realized gain (loss) on investments		18,560			40,967			7,020,926			7,698,872			(39,474	)		(70,306	)		17,673			38,732
Change in unrealized gain (loss) on investments		69,851			87,285			(6,870,865	)		16,820,572			(33,184	)		(109,612	)		(161,431	)		131,005
Reinvested capital gains		74,397			65,638			22,736,151			8,205,517			-			-			71,530			869
Net increase (decrease) in contract owners’ equity resulting from operations		175,398			202,240			22,323,453			32,323,078			280,384			138,606			(32,748	)		215,340
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		42,261			104,154			1,685,790			1,944,440			245,952			269,698			37,834			36,753
Transfers between funds		561,229			(20,364	)		(608,466	)		(2,788,533	)		100,935			(20,601	)		25,941			537,383
Surrenders (notes 2, 3, 4, 5 and 6)		(51,503	)		(75,227	)		(10,214,994	)		(8,268,736	)		(647,017	)		(661,337	)		(181,482	)		(265,779	)
Adjustments to maintain reserves		6			33			(46,641	)		13,013			(6,635	)		78			(17	)		3
Net equity transactions		551,993			8,596			(9,184,311	)		(9,099,816	)		(306,765	)		(412,162	)		(117,724	)		308,360
Net change in contract owners’ equity		727,391			210,836			13,139,142			23,223,262			(26,381	)		(273,556	)		(150,472	)		523,700
Contract owners’ equity at beginning of period		1,514,647			1,303,811			102,416,203			79,192,941			7,322,290			7,595,846			2,732,831			2,209,131
Contract owners’ equity at end of period	$	2,242,038			1,514,647			115,555,345			102,416,203			7,295,909			7,322,290			2,582,359			2,732,831
CHANGE IN UNITS:
Beginning units		49,877			49,805			542,351			691,597			132,097			141,469			137,001			120,310
Units purchased		20,771			6,347			21,236			21,626			12,380			9,300			9,564			30,172
Units surrendered		(4,724	)		(6,275	)		(75,199	)		(170,872	)		(17,770	)		(18,672	)		(15,701	)		(13,481	)
Ending units		65,924			49,877			488,388			542,351			126,707			132,097			130,864			137,001

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	FMCS						FNRS2						FOP						FOS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	1,493			3,209			18,269			13,619			4,633			(243	)		(4,250	)		(6,787	)
Realized gain (loss) on investments		113,081			(65,023	)		(126,095	)		(105,437	)		204,680			45,559			146,570			33,556
Change in unrealized gain (loss) on investments		299,136			944,308			487,812			(244,154	)		276,609			552,202			379,398			563,572
Reinvested capital gains		1,115,101			-			-			-			361,967			19,172			392,239			18,313
Net increase (decrease) in contract owners’ equity resulting from operations		1,528,811			882,494			379,986			(335,972	)		847,889			616,690			913,957			608,654
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		145,267			152,447			65,669			71,765			5,225			3,437			297,002			214,016
Transfers between funds		(69,105	)		(14,316	)		235,694			15,490			(64,591	)		(31,946	)		(45,822	)		217,465
Surrenders (notes 2, 3, 4, 5 and 6)		(499,552	)		(666,767	)		(148,994	)		(95,390	)		(555,346	)		(303,083	)		(508,455	)		(455,277	)
Adjustments to maintain reserves		62			10			18			1			(5,193	)		860			30			32
Net equity transactions		(423,328	)		(528,626	)		152,387			(8,134	)		(619,905	)		(330,732	)		(257,245	)		(23,764	)
Net change in contract owners’ equity		1,105,483			353,868			532,373			(344,106	)		227,984			285,958			656,712			584,890
Contract owners’ equity at beginning of period		6,255,516			5,901,648			675,050			1,019,156			4,748,629			4,462,671			4,878,974			4,294,084
Contract owners’ equity at end of period	$	7,360,999			6,255,516			1,207,423			675,050			4,976,613			4,748,629			5,535,686			4,878,974
CHANGE IN UNITS:
Beginning units		94,515			104,795			64,509			65,125			105,502			113,238			343,121			347,031
Units purchased		3,955			5,113			26,917			11,808			1,650			951			37,221			48,090
Units surrendered		(9,524	)		(15,393	)		(16,660	)		(12,424	)		(16,979	)		(8,687	)		(53,212	)		(52,000	)
Ending units		88,946			94,515			74,766			64,509			90,173			105,502			327,130			343,121

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	FRESS						FVSS						FTVDM2						FTVFA2
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	347			995			9,911			4,102			2,200			16,597			2,510			1,734
Realized gain (loss) on investments		5,879			(9,752	)		35,175			(25,092	)		14,252			74,416			(5,430	)		(16,843	)
Change in unrealized gain (loss) on investments		16,188			2,009			139,855			60,640			(60,879	)		(30,212	)		25,114			(15,005	)
Reinvested capital gains		439			1,673			99,141			33,124			11,310			11,854			-			49,111
Net increase (decrease) in contract owners’ equity resulting from operations		22,853			(5,075	)		284,082			72,774			(33,117	)		72,655			22,194			18,997
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		4,219			6,625			56,331			70,616			14,955			17,497			10,531			10,368
Transfers between funds		9,532			12,827			270,808			51,363			(1,739	)		308,488			(5,477	)		14,431
Surrenders (notes 2, 3, 4, 5 and 6)		(13,495	)		(2,508	)		(181,403	)		(59,573	)		(26,030	)		(552,984	)		(12,705	)		(47,841	)
Adjustments to maintain reserves		(3	)		(3	)		2			(41	)		(5	)		(2	)		(1	)		(6	)
Net equity transactions		253			16,941			145,738			62,365			(12,819	)		(227,001	)		(7,652	)		(23,048	)
Net change in contract owners’ equity		23,106			11,866			429,820			135,139			(45,936	)		(154,346	)		14,542			(4,051	)
Contract owners’ equity at beginning of period		69,169			57,303			823,207			688,068			560,461			714,807			207,223			211,274
Contract owners’ equity at end of period	$	92,275			69,169			1,253,027			823,207			514,525			560,461			221,765			207,223
CHANGE IN UNITS:
Beginning units		6,354			4,895			22,769			20,422			37,053			55,113			11,163			12,621
Units purchased		1,559			2,461			7,663			4,949			2,894			2,514			1,252			1,441
Units surrendered		(1,770	)		(1,002	)		(4,302	)		(2,602	)		(3,690	)		(20,574	)		(1,685	)		(2,899	)
Ending units		6,143			6,354			26,130			22,769			36,257			37,053			10,730			11,163

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	FTVGI2						FTVIS2						FTVRDI						FTVSVI
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(5,275	)		97,681			54,694			66,702			31,045			40,167			18,719			24,016
Realized gain (loss) on investments		(22,467	)		(120,897	)		(2,072	)		(27,135	)		1,454,868			(33,757	)		(49,607	)		(165,394	)
Change in unrealized gain (loss) on investments		(37,163	)		(51,411	)		143,375			(47,565	)		(571,422	)		366,699			549,205			108,768
Reinvested capital gains		-			-			-			1,030			152,518			201,919			72,463			120,265
Net increase (decrease) in contract owners’ equity resulting from operations		(64,905	)		(74,627	)		195,997			(6,968	)		1,067,009			575,028			590,780			87,655
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		31,003			40,498			53,183			56,635			106,015			75,317			42,027			40,134
Transfers between funds		43,452			(18,972	)		(33,301	)		(40,741	)		(4,695,643	)		(160,718	)		125,194			60,777
Surrenders (notes 2, 3, 4, 5 and 6)		(54,455	)		(559,277	)		(104,545	)		(131,631	)		(472,902	)		(458,703	)		(113,047	)		(149,770	)
Adjustments to maintain reserves		(1	)		4			(1	)		15			36			41			16			5
Net equity transactions		19,999			(537,747	)		(84,664	)		(115,722	)		(5,062,494	)		(544,063	)		54,190			(48,854	)
Net change in contract owners’ equity		(44,906	)		(612,374	)		111,333			(122,690	)		(3,995,485	)		30,965			644,970			38,801
Contract owners’ equity at beginning of period		1,162,446			1,774,820			1,251,363			1,374,053			4,414,007			4,383,042			2,373,580			2,334,779
Contract owners’ equity at end of period	$	1,117,540			1,162,446			1,362,696			1,251,363			418,522			4,414,007			3,018,550			2,373,580
CHANGE IN UNITS:
Beginning units		120,198			173,186			60,300			66,232			86,192			98,970			45,146			46,596
Units purchased		10,818			7,703			3,952			3,828			1,857			2,574			4,019			3,406
Units surrendered		(8,885	)		(60,691	)		(7,788	)		(9,760	)		(82,130	)		(15,352	)		(3,295	)		(4,856	)
Ending units		122,131			120,198			56,464			60,300			5,919			86,192			45,870			45,146

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	TIF						TIF2						GVGMNS						GVMSAS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	675			1,136			7,070			13,223			(224	)		(116	)		62			102
Realized gain (loss) on investments		192			(67	)		(4,281	)		(20,770	)		1,334			56			829			5
Change in unrealized gain (loss) on investments		784			(1,872	)		17,452			(7,059	)		758			872			(672	)		572
Reinvested capital gains		-			-			-			-			4,623			598			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,651			(803	)		20,241			(14,606	)		6,491			1,410			219			679
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			13,832			13,900			254			766			118			-
Transfers between funds		-			-			(53,363	)		(189,875	)		20,324			-			127			6,197
Surrenders (notes 2, 3, 4, 5 and 6)		(1,156	)		(1,309	)		(17,844	)		(47,789	)		(10,399	)		(2,180	)		(158	)		(83	)
Adjustments to maintain reserves		8			(19	)		(7	)		19			(6	)		6			(2	)		3
Net equity transactions		(1,148	)		(1,328	)		(57,382	)		(223,745	)		10,173			(1,408	)		85			6,117
Net change in contract owners’ equity		503			(2,131	)		(37,141	)		(238,351	)		16,664			2			304			6,796
Contract owners’ equity at beginning of period		40,880			43,011			515,859			754,210			42,549			42,547			6,796			-
Contract owners’ equity at end of period	$	41,383			40,880			478,718			515,859			59,213			42,549			7,100			6,796
CHANGE IN UNITS:
Beginning units		1,555			1,613			55,282			79,633			2,962			3,068			625			-
Units purchased		-			-			2,627			3,701			1,257			58			15			633
Units surrendered		(42	)		(58	)		(8,486	)		(28,052	)		(673	)		(164	)		(14	)		(8	)
Ending units		1,513			1,555			49,423			55,282			3,546			2,962			626			625

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	RVARS						ACEG						AVMCCI						IVBRA1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(377	)		600			(1,573	)		(950	)		(32	)		80			10,009			24,494
Realized gain (loss) on investments		1,344			610			49,523			(85	)		(14	)		(1,605	)		(128	)		(3,436	)
Change in unrealized gain (loss) on investments		1,400			2,591			(44,204	)		84,033			7,710			1,927			10,168			(6,589	)
Reinvested capital gains		1,861			-			41,286			23,140			-			5,568			11,834			16,861
Net increase (decrease) in contract owners’ equity resulting from operations		4,228			3,801			45,032			106,138			7,664			5,970			31,883			31,330
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		2,052			797			4,245			2,202			1,316			20,272			22,807			208,589
Transfers between funds		12,933			(9,174	)		(155,203	)		98,217			(14	)		5,626			-			(5,439	)
Surrenders (notes 2, 3, 4, 5 and 6)		(2,993	)		(2,024	)		(23,150	)		(13,014	)		(522	)		(406	)		(29,533	)		(206,505	)
Adjustments to maintain reserves		-			6			(11	)		40			9			8			2			3
Net equity transactions		11,992			(10,395	)		(174,119	)		87,445			789			25,500			(6,724	)		(3,352	)
Net change in contract owners’ equity		16,220			(6,594	)		(129,087	)		193,583			8,453			31,470			25,159			27,978
Contract owners’ equity at beginning of period		64,352			70,946			437,403			243,820			33,786			2,316			358,140			330,162
Contract owners’ equity at end of period	$	80,572			64,352			308,316			437,403			42,239			33,786			383,299			358,140
CHANGE IN UNITS:
Beginning units		5,688			6,699			11,929			9,418			1,724			130			25,632			25,929
Units purchased		1,777			76			248			3,331			58			1,639			1,978			3,548
Units surrendered		(845	)		(1,087	)		(4,671	)		(820	)		(25	)		(45	)		(2,446	)		(3,845	)
Ending units		6,620			5,688			7,506			11,929			1,757			1,724			25,164			25,632

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	MSVMV					OVAG						OVB						OVGI
	2021			2020		2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	-			-		(17,855	)		(9,446	)		54,726			77,072			3,629			9,841
Realized gain (loss) on investments		127			-		222,330			9,104			9,422			207,142			266,517			(33,751	)
Change in unrealized gain (loss) on investments		-			-		(5,515	)		572,316			(285,919	)		(21,928	)		(63,894	)		(835	)
Reinvested capital gains		-			-		282,362			115,284			137,697			-			64,472			95,136
Net increase (decrease) in contract owners’ equity resulting from operations		127			-		481,322			687,258			(84,074	)		262,286			270,724			70,391
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-		36,035			36,649			132,280			121,335			9,933			13,604
Transfers between funds		-			-		16,259			816,824			71,751			795,656			(1,145,859	)		(68,854	)
Surrenders (notes 2, 3, 4, 5 and 6)		(127	)		-		(276,178	)		(127,733	)		(320,276	)		(361,133	)		(166,389	)		(222,967	)
Adjustments to maintain reserves		-			-		3			22			(5,644	)		(236	)		(43	)		25
Net equity transactions		(127	)		-		(223,881	)		725,762			(121,889	)		555,622			(1,302,358	)		(278,192	)
Net change in contract owners’ equity		-			-		257,441			1,413,020			(205,963	)		817,908			(1,031,634	)		(207,801	)
Contract owners’ equity at beginning of period		-			-		2,837,052			1,424,032			3,792,250			2,974,342			1,031,634			1,239,435
Contract owners’ equity at end of period	$	-			-		3,094,493			2,837,052			3,586,287			3,792,250			-			1,031,634
CHANGE IN UNITS:
Beginning units		-			-		122,828			85,026			160,414			117,060			33,220			45,429
Units purchased		-			-		4,650			46,109			12,219			60,550			1,194			1,230
Units surrendered		-			-		(14,502	)		(8,307	)		(17,242	)		(17,196	)		(34,414	)		(13,439	)
Ending units		-			-		112,976			122,828			155,391			160,414			-			33,220

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	OVGS						OVIG						OVMS						OVSB
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(136,328	)		41,360			(1,738	)		824			53,245			81,416			7,585			8,816
Realized gain (loss) on investments		742,904			130,740			30,667			(3,305	)		91,003			17,894			(250	)		(2,923	)
Change in unrealized gain (loss) on investments		1,758,946			4,586,403			(19,649	)		46,864			109,131			471,957			(14,216	)		(3,306	)
Reinvested capital gains		1,393,607			785,033			24,521			2,949			278,281			120,217			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		3,759,129			5,543,536			33,801			47,332			531,660			691,484			(6,881	)		2,587
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		407,291			430,765			3,128			2,367			177,366			179,643			7,194			6,755
Transfers between funds		(482,524	)		(223,270	)		(3,336	)		102,053			11,868			(16,909	)		10,324			(14,239	)
Surrenders (notes 2, 3, 4, 5 and 6)		(2,299,238	)		(2,060,870	)		(50,896	)		(13,719	)		(719,059	)		(420,156	)		(7,815	)		(8,275	)
Adjustments to maintain reserves		(51,460	)		10,737			9			9			(5,826	)		739			4			(7	)
Net equity transactions		(2,425,931	)		(1,842,638	)		(51,095	)		90,710			(535,651	)		(256,683	)		9,707			(15,766	)
Net change in contract owners’ equity		1,333,198			3,700,898			(17,294	)		138,042			(3,991	)		434,801			2,826			(13,179	)
Contract owners’ equity at beginning of period		25,860,518			22,159,620			349,834			211,792			5,501,163			5,066,362			173,421			186,600
Contract owners’ equity at end of period	$	27,193,716			25,860,518			332,540			349,834			5,497,172			5,501,163			176,247			173,421
CHANGE IN UNITS:
Beginning units		218,105			236,817			24,708			18,080			108,134			114,742			14,219			15,689
Units purchased		7,551			7,778			1,362			7,198			7,171			7,841			1,803			880
Units surrendered		(26,102	)		(26,490	)		(4,671	)		(570	)		(19,178	)		(14,449	)		(996	)		(2,350	)
Ending units		199,554			218,105			21,399			24,708			96,127			108,134			15,026			14,219

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	OVSC						WRASP						WRHIP						WRMCG
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(1,480	)		946			11,491			14,322			29,262			37,198			(5,675	)		(3,531	)
Realized gain (loss) on investments		22,928			(11,652	)		7,544			(53,433	)		(1,730	)		(13,650	)		70,990			(4,439	)
Change in unrealized gain (loss) on investments		128,926			131,022			(29,695	)		149,620			298			(3,512	)		(30,143	)		263,533
Reinvested capital gains		73,833			12,212			111,569			16,096			-			-			128,011			42,801
Net increase (decrease) in contract owners’ equity resulting from operations		224,207			132,528			100,909			126,605			27,830			20,036			163,183			298,364
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		20,693			21,043			37,123			40,767			8,592			8,817			24,384			83,462
Transfers between funds		18,786			(127,877	)		(18,983	)		(265,461	)		4,769			87,120			56,013			132,219
Surrenders (notes 2, 3, 4, 5 and 6)		(58,101	)		(64,611	)		(64,765	)		(81,677	)		(36,672	)		(99,591	)		(159,800	)		(40,121	)
Adjustments to maintain reserves		62			9			21			(11	)		(3	)		10			(7	)		8
Net equity transactions		(18,560	)		(171,436	)		(46,604	)		(306,382	)		(23,314	)		(3,644	)		(79,410	)		175,568
Net change in contract owners’ equity		205,647			(38,908	)		54,305			(179,777	)		4,516			16,392			83,773			473,932
Contract owners’ equity at beginning of period		1,009,832			1,048,740			1,056,409			1,236,186			498,059			481,667			1,000,340			526,408
Contract owners’ equity at end of period	$	1,215,479			1,009,832			1,110,714			1,056,409			502,575			498,059			1,084,113			1,000,340
CHANGE IN UNITS:
Beginning units		16,144			20,008			47,675			63,120			31,725			32,369			28,209			22,022
Units purchased		1,485			670			2,870			3,031			2,065			8,664			3,064			7,803
Units surrendered		(1,738	)		(4,534	)		(4,954	)		(18,476	)		(3,467	)		(9,308	)		(4,879	)		(1,616	)
Ending units		15,891			16,144			45,591			47,675			30,323			31,725			26,394			28,209

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	JABS						JACAS						JAEI						JAGTS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	4,498			20,703			(32,318	)		(16,234	)		(644	)		(1,406	)		(25,351	)		(24,112	)
Realized gain (loss) on investments		139,143			60,459			359,672			143,771			21,373			6,162			679,577			702,007
Change in unrealized gain (loss) on investments		195,339			142,879			155,742			1,156,427			3,391			32,484			(504,176	)		1,041,538
Reinvested capital gains		16,607			28,487			842,388			398,602			28,353			21,655			871,492			490,381
Net increase (decrease) in contract owners’ equity resulting from operations		355,587			252,528			1,325,484			1,682,566			52,473			58,895			1,021,542			2,209,814
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		35,304			97,385			128,355			222,084			5,553			6,030			65,106			270,600
Transfers between funds		103,418			311,839			(184,897	)		141,807			(32,135	)		(17,884	)		(72,325	)		220,068
Surrenders (notes 2, 3, 4, 5 and 6)		(116,048	)		(243,016	)		(547,435	)		(675,255	)		(51,134	)		(8,729	)		(604,556	)		(1,703,306	)
Adjustments to maintain reserves		(2	)		37			74			(17	)		1			18			9			46
Net equity transactions		22,672			166,245			(603,903	)		(311,381	)		(77,715	)		(20,565	)		(611,766	)		(1,212,592	)
Net change in contract owners’ equity		378,259			418,773			721,581			1,371,185			(25,242	)		38,330			409,776			997,222
Contract owners’ equity at beginning of period		2,288,378			1,869,605			6,282,469			4,911,284			360,997			322,667			6,229,070			5,231,848
Contract owners’ equity at end of period	$	2,666,637			2,288,378			7,004,050			6,282,469			335,755			360,997			6,638,846			6,229,070
CHANGE IN UNITS:
Beginning units		53,935			50,033			136,791			148,037			19,633			20,863			189,428			237,118
Units purchased		7,106			11,744			6,083			8,731			324			2,178			10,175			13,889
Units surrendered		(6,720	)		(7,842	)		(17,799	)		(19,977	)		(4,251	)		(3,408	)		(26,959	)		(61,579	)
Ending units		54,321			53,935			125,075			136,791			15,706			19,633			172,644			189,428

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	JAIGS						LOVTRC						MNDIC						MV2IGI
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	15,100			15,867			2,426			3,078			(4,094	)		(2,491	)		(106	)		479
Realized gain (loss) on investments		38,547			(40,106	)		34			198			50,499			354			4,470			21,037
Change in unrealized gain (loss) on investments		289,484			381,337			(4,900	)		4,770			(151,916	)		163,320			35,073			(19,332	)
Reinvested capital gains		-			-			1,178			3,134			121,295			45,046			53,038			32,671
Net increase (decrease) in contract owners’ equity resulting from operations		343,131			357,098			(1,262	)		11,180			15,784			206,229			92,475			34,855
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		82,821			86,214			4,075			912			71,157			85,235			4,438			7,420
Transfers between funds		68,441			(29,544	)		39,163			(1,217	)		(37,851	)		189,075			(6,052	)		(26,611	)
Surrenders (notes 2, 3, 4, 5 and 6)		(191,142	)		(155,524	)		(7,330	)		(9,122	)		(128,548	)		(29,838	)		(6,425	)		(95,771	)
Adjustments to maintain reserves		9			17			17			1			(8	)		18			(23	)		1
Net equity transactions		(39,871	)		(98,837	)		35,925			(9,426	)		(95,250	)		244,490			(8,062	)		(114,961	)
Net change in contract owners’ equity		303,260			258,261			34,663			1,754			(79,466	)		450,719			84,413			(80,106	)
Contract owners’ equity at beginning of period		2,718,641			2,460,380			170,790			169,036			798,296			347,577			364,983			445,089
Contract owners’ equity at end of period	$	3,021,901			2,718,641			205,453			170,790			718,830			798,296			449,396			364,983
CHANGE IN UNITS:
Beginning units		147,441			154,193			14,523			15,363			22,300			14,108			15,971			23,834
Units purchased		19,241			9,648			3,712			81			1,903			9,384			541			547
Units surrendered		(21,701	)		(16,400	)		(634	)		(921	)		(4,399	)		(1,192	)		(860	)		(8,410	)
Ending units		144,981			147,441			17,601			14,523			19,804			22,300			15,652			15,971

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	MV3MVI					MVFIC						MVIGIC						MSEM
	2021			2020		2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	527			-		31,013			34,636			64			1,217			24,122			21,554
Realized gain (loss) on investments		134			-		109,305			(42,568	)		2,712			(5,804	)		(2,780	)		(19,669	)
Change in unrealized gain (loss) on investments		12,390			-		562,539			(103,804	)		4,791			25,167			(34,295	)		7,131
Reinvested capital gains		776			-		78,956			137,131			10,069			1,687			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		13,827			-		781,813			25,395			17,636			22,267			(12,953	)		9,016
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		41,602			-		38,486			45,992			3,297			-			18,684			18,445
Transfers between funds		135,096			-		(95,940	)		(198,528	)		83,645			127,909			4,890			(2,749	)
Surrenders (notes 2, 3, 4, 5 and 6)		(1,318	)		-		(304,294	)		(250,433	)		(7,164	)		(1,263	)		(50,625	)		(78,573	)
Adjustments to maintain reserves		(6	)		-		42			2			5			1			4			31
Net equity transactions		175,374			-		(361,706	)		(402,967	)		79,783			126,647			(27,047	)		(62,846	)
Net change in contract owners’ equity		189,201			-		420,107			(377,572	)		97,419			148,914			(40,000	)		(53,830	)
Contract owners’ equity at beginning of period		-			-		3,285,059			3,662,631			148,914			-			538,174			592,004
Contract owners’ equity at end of period	$	189,201			-		3,705,166			3,285,059			246,333			148,914			498,174			538,174
CHANGE IN UNITS:
Beginning units		-			-		69,661			79,839			11,825			-			13,742			15,880
Units purchased		10,651			-		1,778			2,494			6,762			11,967			1,305			835
Units surrendered		(78	)		-		(8,610	)		(12,672	)		(595	)		(142	)		(2,033	)		(2,973	)
Ending units		10,573			-		62,829			69,661			17,992			11,825			13,014			13,742

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	MSVFI						MSVRE						DTRTFB						EIF
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	20,598			13,068			10,299			14,372			920			227			10,646			11,984
Realized gain (loss) on investments		222			9,446			(503	)		802			16			39			19,792			12,898
Change in unrealized gain (loss) on investments		(63,751	)		(884	)		207,752			(180,793	)		(1,350	)		149			166,994			(45,186	)
Reinvested capital gains		38,614			5,743			-			17,742			147			-			13,214			42,631
Net increase (decrease) in contract owners’ equity resulting from operations		(4,317	)		27,373			217,548			(147,877	)		(267	)		415			210,646			22,327
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		6,664			7,616			11,660			11,557			1,136			338			15,760			13,294
Transfers between funds		29,799			266,049			(2,241	)		(40,794	)		38,540			(996	)		123,714			(1,813	)
Surrenders (notes 2, 3, 4, 5 and 6)		(11,527	)		(18,056	)		(147,586	)		(34,433	)		(507	)		(353	)		(52,184	)		(95,827	)
Adjustments to maintain reserves		11			9			(552	)		(76	)		4			(1	)		26			27
Net equity transactions		24,947			255,618			(138,719	)		(63,746	)		39,173			(1,012	)		87,316			(84,319	)
Net change in contract owners’ equity		20,630			282,991			78,829			(211,623	)		38,906			(597	)		297,962			(61,992	)
Contract owners’ equity at beginning of period		579,360			296,369			671,125			882,748			12,933			13,530			1,073,336			1,135,328
Contract owners’ equity at end of period	$	599,990			579,360			749,954			671,125			51,839			12,933			1,371,298			1,073,336
CHANGE IN UNITS:
Beginning units		29,587			16,136			12,611			13,946			1,164			1,257			26,048			28,410
Units purchased		2,751			15,691			110			245			3,592			31			3,237			616
Units surrendered		(1,452	)		(2,240	)		(3,284	)		(1,580	)		(46	)		(124	)		(1,669	)		(2,978	)
Ending units		30,886			29,587			9,437			12,611			4,710			1,164			27,616			26,048

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	GBF						GEM						GIG						GVAAA2
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	50,788			75,363			6,700			17,433			78,507			23,072			26,333			40,154
Realized gain (loss) on investments		(44,067	)		(9,192	)		31,984			8,415			54,747			(32,664	)		51,065			6,607
Change in unrealized gain (loss) on investments		(125,841	)		196,771			(143,990	)		97,352			290,831			232,074			479,310			79,399
Reinvested capital gains		-			-			-			-			-			-			26,423			310,839
Net increase (decrease) in contract owners’ equity resulting from operations		(119,120	)		262,942			(105,306	)		123,200			424,085			222,482			583,131			436,999
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		171,936			192,146			36,500			42,231			91,942			89,377			73,066			74,819
Transfers between funds		40,178			113,313			9,150			(182,341	)		76,515			(238,247	)		(55,565	)		(79,158	)
Surrenders (notes 2, 3, 4, 5 and 6)		(549,358	)		(600,221	)		(85,196	)		(88,053	)		(323,271	)		(186,755	)		(307,251	)		(361,420	)
Adjustments to maintain reserves		(3,248	)		157			(40	)		31			(10	)		22			19			(29	)
Net equity transactions		(340,492	)		(294,605	)		(39,586	)		(228,132	)		(154,824	)		(335,603	)		(289,731	)		(365,788	)
Net change in contract owners’ equity		(459,612	)		(31,663	)		(144,892	)		(104,932	)		269,261			(113,121	)		293,400			71,211
Contract owners’ equity at beginning of period		4,754,605			4,786,268			1,408,030			1,512,962			3,511,530			3,624,651			4,230,284			4,159,073
Contract owners’ equity at end of period	$	4,294,993			4,754,605			1,263,138			1,408,030			3,780,791			3,511,530			4,523,684			4,230,284
CHANGE IN UNITS:
Beginning units		124,840			133,508			41,039			49,822			170,262			188,940			168,891			185,066
Units purchased		10,878			14,551			3,117			3,612			13,419			9,633			6,392			7,910
Units surrendered		(22,279	)		(23,219	)		(4,377	)		(12,395	)		(20,410	)		(28,311	)		(17,052	)		(24,085	)
Ending units		113,439			124,840			39,779			41,039			163,271			170,262			158,231			168,891

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	GVABD2						GVAGG2						GVAGI2						GVAGR2
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	5,656			5,948			(13,885	)		3,216			5,086			8,706			(18,674	)		5,901
Realized gain (loss) on investments		4,678			5,977			117,263			15,330			9,357			(7,073	)		230,631			123,828
Change in unrealized gain (loss) on investments		(17,396	)		18,710			223,661			416,326			160,830			16,835			471,467			790,138
Reinvested capital gains		2,145			257			76,342			142,347			16,580			76,858			64,213			248,731
Net increase (decrease) in contract owners’ equity resulting from operations		(4,917	)		30,892			403,381			577,219			191,853			95,326			747,637			1,168,598
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		7,692			7,321			100,724			70,678			14,571			9,713			100,334			38,751
Transfers between funds		35,444			(72,181	)		6,419			(25,072	)		(2,330	)		8,482			142,574			(87,232	)
Surrenders (notes 2, 3, 4, 5 and 6)		(72,512	)		(24,155	)		(276,864	)		(101,608	)		(85,059	)		(30,815	)		(353,167	)		(144,158	)
Adjustments to maintain reserves		17			(17	)		6			35			(7	)		22			41			11
Net equity transactions		(29,359	)		(89,032	)		(169,715	)		(55,967	)		(72,825	)		(12,598	)		(110,218	)		(192,628	)
Net change in contract owners’ equity		(34,276	)		(58,140	)		233,666			521,252			119,028			82,728			637,419			975,970
Contract owners’ equity at beginning of period		394,742			452,882			2,677,922			2,156,670			864,323			781,595			3,680,981			2,705,011
Contract owners’ equity at end of period	$	360,466			394,742			2,911,588			2,677,922			983,351			864,323			4,318,400			3,680,981
CHANGE IN UNITS:
Beginning units		25,959			32,339			74,600			77,750			32,579			33,175			81,590			90,459
Units purchased		3,609			3,269			4,981			3,338			1,010			1,848			7,184			2,289
Units surrendered		(5,580	)		(9,649	)		(9,424	)		(6,488	)		(3,486	)		(2,444	)		(9,754	)		(11,158	)
Ending units		23,988			25,959			70,157			74,600			30,103			32,579			79,020			81,590

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	GVDMA						GVDMC						GVEX1						GVIDA
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(19,503	)		(13,373	)		(2,464	)		(3,049	)		105,579			62,128			(9,999	)		(6,301	)
Realized gain (loss) on investments		154,134			147,177			4,818			(7,832	)		242,066			153,468			27,199			(5,206	)
Change in unrealized gain (loss) on investments		503,088			150,827			28,012			34,724			1,108,443			445,938			269,276			124,299
Reinvested capital gains		90,212			309,292			4,840			16,782			46,192			90,318			40,360			128,476
Net increase (decrease) in contract owners’ equity resulting from operations		727,931			593,923			35,206			40,625			1,502,280			751,852			326,836			241,268
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		147,769			128,505			23,998			28,436			158,945			133,255			58,163			60,956
Transfers between funds		(28,805	)		38,646			(14,181	)		(77,503	)		520,776			459,499			23,649			(10,628	)
Surrenders (notes 2, 3, 4, 5 and 6)		(466,735	)		(552,198	)		(134,412	)		(61,977	)		(214,370	)		(147,590	)		(209,793	)		(90,152	)
Adjustments to maintain reserves		19			59			16			30			7			23			7			12
Net equity transactions		(347,752	)		(384,988	)		(124,579	)		(111,014	)		465,358			445,187			(127,974	)		(39,812	)
Net change in contract owners’ equity		380,179			208,935			(89,373	)		(70,389	)		1,967,638			1,197,039			198,862			201,456
Contract owners’ equity at beginning of period		5,659,980			5,451,045			613,214			683,603			5,055,237			3,858,198			2,233,098			2,031,642
Contract owners’ equity at end of period	$	6,040,159			5,659,980			523,841			613,214			7,022,875			5,055,237			2,431,960			2,233,098
CHANGE IN UNITS:
Beginning units		177,165			191,041			26,517			32,117			194,819			173,247			66,189			67,619
Units purchased		10,109			12,949			1,567			2,063			30,482			32,764			4,535			2,932
Units surrendered		(20,345	)		(26,825	)		(6,478	)		(7,663	)		(8,747	)		(11,192	)		(8,044	)		(4,362	)
Ending units		166,929			177,165			21,606			26,517			216,554			194,819			62,680			66,189

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	GVIDC						GVIDM						GVIX2						HIBF
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(570	)		(1,183	)		(5,650	)		(7,707	)		18,516			12,215			36,920			53,915
Realized gain (loss) on investments		1,005			2,735			31,081			7,912			8,446			(675	)		13,874			(12,846	)
Change in unrealized gain (loss) on investments		3,253			11,600			215,938			89,520			52,450			17,150			(2,216	)		14,779
Reinvested capital gains		1,405			2,466			32,445			162,045			-			18,614			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		5,093			15,618			273,814			251,770			79,412			47,304			48,578			55,848
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		11,466			15,237			48,804			108,148			14,590			14,866			27,328			23,357
Transfers between funds		(257	)		17,630			(31,927	)		(167,102	)		(14,195	)		534,625			(277,006	)		262,092
Surrenders (notes 2, 3, 4, 5 and 6)		(18,779	)		(82,375	)		(423,340	)		(387,127	)		(24,347	)		(28,919	)		(78,132	)		(91,859	)
Adjustments to maintain reserves		(19	)		14			50			22			10			1			(10	)		3
Net equity transactions		(7,589	)		(49,494	)		(406,413	)		(446,059	)		(23,942	)		520,573			(327,820	)		193,593
Net change in contract owners’ equity		(2,496	)		(33,876	)		(132,599	)		(194,289	)		55,470			567,877			(279,242	)		249,441
Contract owners’ equity at beginning of period		212,406			246,282			2,948,078			3,142,367			778,140			210,263			1,132,876			883,435
Contract owners’ equity at end of period	$	209,910			212,406			2,815,479			2,948,078			833,610			778,140			853,634			1,132,876
CHANGE IN UNITS:
Beginning units		10,931			13,757			104,838			122,723			61,991			17,891			39,381			32,250
Units purchased		663			1,890			4,592			7,322			1,284			46,956			1,360			12,501
Units surrendered		(1,041	)		(4,716	)		(18,750	)		(25,207	)		(2,891	)		(2,856	)		(12,446	)		(5,370	)
Ending units		10,553			10,931			90,680			104,838			60,384			61,991			28,295			39,381

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	IDPG						MCIF						MSBF						NCPG
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(1	)		(3	)		43,510			35,584			47,667			26,002			(1	)		-
Realized gain (loss) on investments		3			(22	)		63,880			(133,358	)		8,761			(99,091	)		-			-
Change in unrealized gain (loss) on investments		31			34			1,197,179			494,292			(10,050	)		22,708			110			-
Reinvested capital gains		14			8			115,943			269,860			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		47			17			1,420,512			666,378			46,378			(50,381	)		109			-
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			67,539			71,366			13,549			16,526			19			-
Transfers between funds		-			-			(221,831	)		80,873			55,282			(529,220	)		9,419			-
Surrenders (notes 2, 3, 4, 5 and 6)		(145	)		(150	)		(724,622	)		(456,568	)		(133,684	)		(64,322	)		-			-
Adjustments to maintain reserves		(3	)		4			121			(5	)		16			(12	)		3			-
Net equity transactions		(148	)		(146	)		(878,793	)		(304,334	)		(64,837	)		(577,028	)		9,441			-
Net change in contract owners’ equity		(101	)		(129	)		541,719			362,044			(18,459	)		(627,409	)		9,550			-
Contract owners’ equity at beginning of period		455			584			6,328,270			5,966,226			987,477			1,614,886			-			-
Contract owners’ equity at end of period	$	354			455			6,869,989			6,328,270			969,018			987,477			9,550			-
CHANGE IN UNITS:
Beginning units		33			45			125,839			133,763			41,052			69,671			-			-
Units purchased		-			-			3,656			5,250			3,730			1,428			613			-
Units surrendered		(10	)		(12	)		(19,610	)		(13,174	)		(6,224	)		(30,047	)		-			-
Ending units		23			33			109,885			125,839			38,558			41,052			613			-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NCPGI						NVAMV1						NVAMVX						NVBX
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	-			-			46,491			59,454			21,654			19,866			3,713			4,371
Realized gain (loss) on investments		1			-			(52,722	)		(333,240	)		70,474			1,878			2,284			3,311
Change in unrealized gain (loss) on investments		6			3			1,787,376			72,888			565,211			259,680			(13,420	)		10,398
Reinvested capital gains		-			-			-			138,348			-			-			923			-
Net increase (decrease) in contract owners’ equity resulting from operations		7			3			1,781,145			(62,550	)		657,339			281,424			(6,500	)		18,080
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		24			24			139			103,008			199,859			61,528			4,475			5,058
Transfers between funds		-			-			(239,059	)		(415,553	)		44,999			1,527,709			(5,229	)		28,205
Surrenders (notes 2, 3, 4, 5 and 6)		(4	)		(3	)		(546,468	)		(474,642	)		(104,194	)		325			(22,084	)		(243,523	)
Adjustments to maintain reserves		(7	)		3			(64	)		75			36			(1	)		(5	)		4
Net equity transactions		13			24			(785,452	)		(787,112	)		140,700			1,589,561			(22,843	)		(210,256	)
Net change in contract owners’ equity		20			27			995,693			(849,662	)		798,039			1,870,985			(29,343	)		(192,176	)
Contract owners’ equity at beginning of period		63			36			5,558,196			6,407,858			1,870,985			-			258,968			451,144
Contract owners’ equity at end of period	$	83			63			6,553,889			5,558,196			2,669,024			1,870,985			229,625			258,968
CHANGE IN UNITS:
Beginning units		5			3			163,921			190,889			158,052			-			21,326			39,597
Units purchased		2			2			1,207			5,125			30,428			162,580			1,055			3,925
Units surrendered		(1	)		-			(20,931	)		(32,093	)		(20,277	)		(4,528	)		(2,981	)		(22,196	)
Ending units		6			5			144,197			163,921			168,203			158,052			19,400			21,326

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVCBD1						NVCCA1						NVCCN1						NVCMA1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	7,220			13,321			(1,874	)		2,939			(639	)		(4	)		(2,065	)		2,777
Realized gain (loss) on investments		7,317			13,388			(1,741	)		(15,063	)		16,782			2,076			14,277			(71,459	)
Change in unrealized gain (loss) on investments		(44,863	)		14,935			110,509			57,158			(3,197	)		2,874			94,959			107,281
Reinvested capital gains		16,595			1,708			-			24,847			118			184			-			11,864
Net increase (decrease) in contract owners’ equity resulting from operations		(13,731	)		43,352			106,894			69,881			13,064			5,130			107,171			50,463
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		2,828			3,393			16,056			23,379			4,377			4,609			24,900			31,210
Transfers between funds		13,562			85,213			-			(5,178	)		666,215			74,669			77,468			(7,417	)
Surrenders (notes 2, 3, 4, 5 and 6)		(145,579	)		(72,659	)		(52,588	)		(55,020	)		(730,601	)		(63,545	)		(117,288	)		(228,316	)
Adjustments to maintain reserves		(6	)		(3	)		(19	)		17			10			(7	)		1			10
Net equity transactions		(129,195	)		15,944			(36,551	)		(36,802	)		(59,999	)		15,726			(14,919	)		(204,513	)
Net change in contract owners’ equity		(142,926	)		59,296			70,343			33,079			(46,935	)		20,856			92,252			(154,050	)
Contract owners’ equity at beginning of period		701,316			642,020			716,085			683,006			89,855			68,999			617,916			771,966
Contract owners’ equity at end of period	$	558,390			701,316			786,428			716,085			42,920			89,855			710,168			617,916
CHANGE IN UNITS:
Beginning units		44,198			42,509			35,502			37,666			5,528			4,534			30,052			41,879
Units purchased		4,284			9,908			1,097			1,529			45,179			5,298			6,137			2,137
Units surrendered		(13,284	)		(8,219	)		(2,765	)		(3,693	)		(48,088	)		(4,304	)		(6,857	)		(13,964	)
Ending units		35,198			44,198			33,834			35,502			2,619			5,528			29,332			30,052

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVCMC1						NVCMD1						NVCRA1						NVCRB1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(377	)		36			(2,234	)		3,646			(1,152	)		1,262			(1,256	)		763
Realized gain (loss) on investments		755			(1,790	)		3,644			(4,282	)		21,546			(12,620	)		7,693			(270	)
Change in unrealized gain (loss) on investments		11,369			10,975			137,562			71,738			36,128			37,976			43,305			32,281
Reinvested capital gains		35			899			-			28,099			-			-			-			6,046
Net increase (decrease) in contract owners’ equity resulting from operations		11,782			10,120			138,972			99,201			56,522			26,618			49,742			38,820
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		9,606			5,356			39,719			30,151			15,220			11,978			9,803			5,663
Transfers between funds		-			-			40,137			(131	)		(2,666	)		(23,357	)		(995	)		(2,894	)
Surrenders (notes 2, 3, 4, 5 and 6)		(17,616	)		(13,346	)		(117,995	)		(99,789	)		(29,306	)		(44,071	)		(18,769	)		(18,487	)
Adjustments to maintain reserves		22			-			12			11			(1	)		(16	)		(10	)		2
Net equity transactions		(7,988	)		(7,990	)		(38,127	)		(69,758	)		(16,753	)		(55,466	)		(9,971	)		(15,716	)
Net change in contract owners’ equity		3,794			2,130			100,845			29,443			39,769			(28,848	)		39,771			23,104
Contract owners’ equity at beginning of period		139,289			137,159			1,082,623			1,053,180			281,962			310,810			463,425			440,321
Contract owners’ equity at end of period	$	143,083			139,289			1,183,468			1,082,623			321,731			281,962			503,196			463,425
CHANGE IN UNITS:
Beginning units		7,909			8,453			55,576			59,628			13,489			16,636			25,113			26,045
Units purchased		1,410			1,350			5,138			2,590			2,792			793			989			404
Units surrendered		(1,881	)		(1,894	)		(6,960	)		(6,642	)		(3,475	)		(3,940	)		(1,456	)		(1,336	)
Ending units		7,438			7,909			53,754			55,576			12,806			13,489			24,646			25,113

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVDBL2						NVDCA2						NVDCAP						NVFIII
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	158			(332	)		(589	)		(521	)		(279	)		(164	)		(28	)		466
Realized gain (loss) on investments		12,796			(915	)		5,210			(91	)		1,753			(2	)		602			199
Change in unrealized gain (loss) on investments		22,029			30,514			8,674			8,491			17,051			13,626			(1,249	)		1,364
Reinvested capital gains		5,000			13,658			1,811			7,799			2,848			-			2			105
Net increase (decrease) in contract owners’ equity resulting from operations		39,983			42,925			15,106			15,678			21,373			13,460			(673	)		2,134
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,794			1,999			-			3,180			4,159			957			7,316			7,634
Transfers between funds		203			(3,387	)		(1,248	)		7,145			1,226			166,855			(65,888	)		20,295
Surrenders (notes 2, 3, 4, 5 and 6)		(107,811	)		(14,130	)		(35,022	)		(17,012	)		7,919			(434	)		6,852			(490	)
Adjustments to maintain reserves		(11	)		(12	)		2			12			5			(7	)		(5	)		4
Net equity transactions		(105,825	)		(15,530	)		(36,268	)		(6,675	)		13,309			167,371			(51,725	)		27,443
Net change in contract owners’ equity		(65,842	)		27,395			(21,162	)		9,003			34,682			180,831			(52,398	)		29,577
Contract owners’ equity at beginning of period		513,028			485,633			140,259			131,256			180,831			-			59,062			29,485
Contract owners’ equity at end of period	$	447,186			513,028			119,097			140,259			215,513			180,831			6,664			59,062
CHANGE IN UNITS:
Beginning units		22,166			22,928			5,098			5,290			16,724			-			5,262			2,800
Units purchased		99			172			2			535			1,654			16,841			1,864			3,627
Units surrendered		(4,534	)		(934	)		(1,209	)		(727	)		(553	)		(117	)		(6,517	)		(1,165	)
Ending units		17,731			22,166			3,891			5,098			17,825			16,724			609			5,262

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVGEII						NVIDMP						NVIX						NVLCP1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	56			10			(375	)		(269	)		13,879			8,387			15,500			2,631
Realized gain (loss) on investments		633			1			3,750			3,505			1,163			2,949			(1,400	)		7,335
Change in unrealized gain (loss) on investments		74			142			29,685			16,057			34,245			10,896			(22,955	)		(1,298	)
Reinvested capital gains		4			-			5,140			-			-			11,997			7,389			-
Net increase (decrease) in contract owners’ equity resulting from operations		767			153			38,200			19,293			49,287			34,229			(1,466	)		8,668
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,535			-			148,057			28,273			22,610			23,527			6,664			3,401
Transfers between funds		4,757			-			(551	)		314,269			40,063			(1,866	)		826,252			150,243
Surrenders (notes 2, 3, 4, 5 and 6)		(513	)		(21	)		(5,835	)		(25,263	)		(13,661	)		15,128			(35,666	)		(138,650	)
Adjustments to maintain reserves		(5	)		(1	)		4			4			(7	)		7			(19	)		2
Net equity transactions		5,774			(22	)		141,675			317,283			49,005			36,796			797,231			14,996
Net change in contract owners’ equity		6,541			131			179,875			336,576			98,292			71,025			795,765			23,664
Contract owners’ equity at beginning of period		1,160			1,029			336,576			-			475,070			404,045			138,495			114,831
Contract owners’ equity at end of period	$	7,701			1,160			516,451			336,576			573,362			475,070			934,260			138,495
CHANGE IN UNITS:
Beginning units		93			95			31,414			-			37,902			34,491			7,814			7,033
Units purchased		452			-			20,205			31,985			4,607			4,461			47,571			9,981
Units surrendered		(36	)		(2	)		(7,733	)		(571	)		(1,028	)		(1,050	)		(2,035	)		(9,200	)
Ending units		509			93			43,886			31,414			41,481			37,902			53,350			7,814

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVMIG1						NVMIVX						NVMLG1						NVMMG1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(8,985	)		19,199			11,295			(335	)		(14,883	)		(11,141	)		(178,623	)		(182,525	)
Realized gain (loss) on investments		17,391			(77,845	)		3,610			802			(223,935	)		(178,143	)		438,503			424,238
Change in unrealized gain (loss) on investments		(218,803	)		584,854			18,911			48,960			773,627			(424,824	)		(8,682,555	)		12,845,638
Reinvested capital gains		172,858			1,321,939			-			-			614,102			1,265,849			5,926,648			4,950,149
Net increase (decrease) in contract owners’ equity resulting from operations		(37,539	)		1,848,147			33,816			49,427			1,148,911			651,741			(2,496,027	)		18,037,500
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		107,353			151,356			15,204			27,315			41,818			48,232			644,988			700,417
Transfers between funds		22,169			60,618			23,453			282,005			12,602			24,341			1,662,699			(518,045	)
Surrenders (notes 2, 3, 4, 5 and 6)		(637,715	)		(491,874	)		(15,371	)		(12,177	)		(262,889	)		(158,114	)		(4,103,314	)		(2,815,048	)
Adjustments to maintain reserves		11			12			5			(3	)		(33	)		61			(259	)		283
Net equity transactions		(508,182	)		(279,888	)		23,291			297,140			(208,502	)		(85,480	)		(1,795,886	)		(2,632,393	)
Net change in contract owners’ equity		(545,721	)		1,568,259			57,107			346,567			940,409			566,261			(4,291,913	)		15,405,107
Contract owners’ equity at beginning of period		5,365,925			3,797,666			346,567			-			3,057,714			2,491,453			47,505,905			32,100,798
Contract owners’ equity at end of period	$	4,820,204			5,365,925			403,674			346,567			3,998,123			3,057,714			43,213,992			47,505,905
CHANGE IN UNITS:
Beginning units		275,974			293,331			29,447			-			88,991			94,024			1,127,495			1,220,702
Units purchased		15,863			23,785			4,012			30,418			3,247			4,447			102,693			60,714
Units surrendered		(40,013	)		(41,142	)		(2,281	)		(971	)		(9,132	)		(9,480	)		(149,928	)		(153,921	)
Ending units		251,824			275,974			31,178			29,447			83,106			88,991			1,080,260			1,127,495

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVMMV2						NVNMO1						NVNSR1						NVOLG1
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	50,000			271,072			(31,875	)		(11,001	)		(223	)		408			49,248			626,668
Realized gain (loss) on investments		(677,071	)		(609,853	)		663,818			343,842			3,743			(9,453	)		(53,949	)		218,414
Change in unrealized gain (loss) on investments		5,137,429			(185,634	)		2,837,683			198,331			15,651			16,485			22,213,265			4,454,702
Reinvested capital gains		-			-			335,784			1,170,923			19,925			9,030			1,553,658			7,576,164
Net increase (decrease) in contract owners’ equity resulting from operations		4,510,358			(524,415	)		3,805,410			1,702,095			39,096			16,470			23,762,222			12,875,948
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		419,480			435,994			338,886			314,613			876			1,029			1,524,103			1,632,013
Transfers between funds		(99,297	)		(72,165	)		32,817			(127,413	)		13,325			19,072			11,569,221			(1,632,016	)
Surrenders (notes 2, 3, 4, 5 and 6)		(1,723,674	)		(1,298,169	)		(1,766,295	)		(1,830,840	)		1,242			(24,253	)		(7,295,853	)		(7,028,472	)
Adjustments to maintain reserves		(108	)		(412	)		(686	)		744			5			(7	)		(1,246	)		(456	)
Net equity transactions		(1,403,599	)		(934,752	)		(1,395,278	)		(1,642,896	)		15,448			(4,159	)		5,796,225			(7,028,931	)
Net change in contract owners’ equity		3,106,759			(1,459,167	)		2,410,132			59,199			54,544			12,311			29,558,447			5,847,017
Contract owners’ equity at beginning of period		19,605,450			21,064,617			15,229,689			15,170,490			150,861			138,550			82,506,351			76,659,334
Contract owners’ equity at end of period	$	22,712,209			19,605,450			17,639,821			15,229,689			205,405			150,861			112,064,798			82,506,351
CHANGE IN UNITS:
Beginning units		795,881			841,557			574,688			647,135			5,515			5,712			1,591,211			1,750,394
Units purchased		44,847			39,455			29,895			27,639			751			959			251,090			67,182
Units surrendered		(94,667	)		(85,131	)		(76,579	)		(100,086	)		(316	)		(1,156	)		(177,315	)		(226,365	)
Ending units		746,061			795,881			528,004			574,688			5,950			5,515			1,664,986			1,591,211

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVRE1						NVSIX2						NVSTB2						NVTIV3
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	42,515			61,881			2,024			1,542			966			3,017			719			402
Realized gain (loss) on investments		49,197			(155,461	)		(46,395	)		(20,751	)		(167	)		(1,480	)		(345	)		(3,086	)
Change in unrealized gain (loss) on investments		2,618,711			(417,218	)		87,697			79,299			(3,323	)		(23	)		5,363			5,210
Reinvested capital gains		-			29,417			12,431			15,041			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		2,710,423			(481,381	)		55,757			75,131			(2,524	)		1,514			5,737			2,526
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		190,465			164,821			16,133			28,064			3,762			3,871			-			4,781
Transfers between funds		82,455			(179,576	)		175,572			23,926			(22,299	)		157,055			-			(3,239	)
Surrenders (notes 2, 3, 4, 5 and 6)		(667,184	)		(826,241	)		(54,715	)		8,086			(15,187	)		(15,149	)		(18,785	)		(4,657	)
Adjustments to maintain reserves		48			7			4			15			(8	)		(3	)		(6	)		2
Net equity transactions		(394,216	)		(840,989	)		136,994			60,091			(33,732	)		145,774			(18,791	)		(3,113	)
Net change in contract owners’ equity		2,316,207			(1,322,370	)		192,751			135,222			(36,256	)		147,288			(13,054	)		(587	)
Contract owners’ equity at beginning of period		6,079,783			7,402,153			419,841			284,619			237,922			90,634			55,095			55,682
Contract owners’ equity at end of period	$	8,395,990			6,079,783			612,592			419,841			201,666			237,922			42,041			55,095
CHANGE IN UNITS:
Beginning units		319,829			365,839			18,982			15,280			19,701			7,706			3,111			3,284
Units purchased		27,390			17,121			7,926			4,872			1,704			13,555			-			487
Units surrendered		(45,087	)		(63,131	)		(2,546	)		(1,170	)		(4,517	)		(1,560	)		(965	)		(660	)
Ending units		302,132			319,829			24,362			18,982			16,888			19,701			2,146			3,111

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	SAM						SCF						SCGF						SCVF
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(62,149	)		(48,632	)		(103,772	)		(68,701	)		(11,589	)		(8,235	)		(20,099	)		(11,135	)
Realized gain (loss) on investments		-			-			770,513			203,029			9,295			(60,362	)		(85,752	)		(221,425	)
Change in unrealized gain (loss) on investments		-			-			4,498,414			2,474,281			19,407			527,845			1,164,970			337,547
Reinvested capital gains		-			-			215,933			613,830			235,502			273,579			-			13,999
Net increase (decrease) in contract owners’ equity resulting from operations		(62,149	)		(48,632	)		5,381,088			3,222,439			252,615			732,827			1,059,119			118,986
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,033,275			3,913,760			324,273			358,359			28,249			72,171			118,652			91,993
Transfers between funds		(2,178,878	)		2,827,300			(98,537	)		(115,257	)		(168,908	)		(19,094	)		172,820			35,023
Surrenders (notes 2, 3, 4, 5 and 6)		(3,568,411	)		(6,322,511	)		(1,954,524	)		(1,285,400	)		(105,661	)		(133,929	)		(231,390	)		(252,034	)
Adjustments to maintain reserves		89,210			1,166			(78,762	)		13,755			(25	)		25			21			25
Net equity transactions		(4,624,804	)		419,715			(1,807,550	)		(1,028,543	)		(246,345	)		(80,827	)		60,103			(124,993	)
Net change in contract owners’ equity		(4,686,953	)		371,083			3,573,538			2,193,896			6,270			652,000			1,119,222			(6,007	)
Contract owners’ equity at beginning of period		15,844,953			15,473,870			18,301,955			16,108,059			2,695,044			2,043,044			3,323,166			3,329,173
Contract owners’ equity at end of period	$	11,158,000			15,844,953			21,875,493			18,301,955			2,701,314			2,695,044			4,442,388			3,323,166
CHANGE IN UNITS:
Beginning units		983,748			896,687			170,516			184,497			95,021			101,073			63,527			66,670
Units purchased		101,415			331,840			8,444			8,415			2,320			4,921			8,549			5,331
Units surrendered		(451,897	)		(244,779	)		(22,896	)		(22,396	)		(10,487	)		(10,973	)		(7,335	)		(8,474	)
Ending units		633,266			983,748			156,064			170,516			86,854			95,021			64,741			63,527

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	TRF						AMCG						AMINS						AMMCGS
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	145,040			335,313			(9,517	)		(6,844	)		96			121			(1,057	)		(636	)
Realized gain (loss) on investments		3,194,243			2,388,537			34,840			32,388			158			79			3,141			20,982
Change in unrealized gain (loss) on investments		5,988,877			(1,498,945	)		(2,056	)		582,836			2,943			1,645			(3,473	)		16,711
Reinvested capital gains		2,867,346			4,067,739			290,046			100,721			440			1,227			27,028			6,688
Net increase (decrease) in contract owners’ equity resulting from operations		12,195,506			5,292,644			313,313			709,101			3,637			3,072			25,639			43,745
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		1,983,568			2,034,938			11,290			19,269			103			153			1,147			1,371
Transfers between funds		(52,923	)		(168,133	)		(1,927	)		(8,656	)		-			-			595			58,353
Surrenders (notes 2, 3, 4, 5 and 6)		(7,869,641	)		(6,032,369	)		(52,929	)		(77,694	)		(452	)		(391	)		(6,062	)		(2,236	)
Adjustments to maintain reserves		(15,954	)		696			4			(24	)		(15	)		8			(21	)		27
Net equity transactions		(5,954,950	)		(4,164,868	)		(43,562	)		(67,105	)		(364	)		(230	)		(4,341	)		57,515
Net change in contract owners’ equity		6,240,556			1,127,776			269,751			641,996			3,273			2,842			21,298			101,260
Contract owners’ equity at beginning of period		60,378,563			59,250,787			2,498,887			1,856,891			27,311			24,469			210,884			109,624
Contract owners’ equity at end of period	$	66,619,119			60,378,563			2,768,638			2,498,887			30,584			27,311			232,182			210,884
CHANGE IN UNITS:
Beginning units		520,817			570,603			116,522			120,729			1,162			1,172			2,929			2,134
Units purchased		46,818			41,234			1,120			1,856			4			9			217			989
Units surrendered		(111,408	)		(91,020	)		(2,962	)		(6,063	)		(18	)		(19	)		(282	)		(194	)
Ending units		456,227			520,817			114,680			116,522			1,148			1,162			2,864			2,929

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	AMRS						AMSRS						AMTB						NOTB3
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	13			48			8,702			15,693			33,053			31,041			55			168
Realized gain (loss) on investments		1,252			175			41,792			30,061			490			(3,608	)		35			(21	)
Change in unrealized gain (loss) on investments		691			(1,372	)		929,476			548,236			(27,714	)		18,958			756			226
Reinvested capital gains		-			-			102,788			167,507			-			-			-			141
Net increase (decrease) in contract owners’ equity resulting from operations		1,956			(1,149	)		1,082,758			761,497			5,829			46,391			846			514
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-			-			14,567			54,674			39,486			63,986			-			-
Transfers between funds		-			-			(56,491	)		35,050			61,021			222,840			-			-
Surrenders (notes 2, 3, 4, 5 and 6)		(4,681	)		(3,961	)		(70,232	)		(131,782	)		(286,861	)		(186,877	)		(481	)		(464	)
Adjustments to maintain reserves		1			(6	)		(109	)		129			(2,005	)		110			2			6
Net equity transactions		(4,680	)		(3,967	)		(112,265	)		(41,929	)		(188,359	)		100,059			(479	)		(458	)
Net change in contract owners’ equity		(2,724	)		(5,116	)		970,493			719,568			(182,530	)		146,450			367			56
Contract owners’ equity at beginning of period		7,303			12,419			4,736,936			4,017,368			1,636,326			1,489,876			10,768			10,712
Contract owners’ equity at end of period	$	4,579			7,303			5,707,429			4,736,936			1,453,796			1,636,326			11,135			10,768
CHANGE IN UNITS:
Beginning units		279			461			138,566			145,098			72,881			69,980			828			866
Units purchased		-			-			1,195			2,986			4,596			10,342			-			-
Units surrendered		(147	)		(182	)		(3,981	)		(9,518	)		(15,075	)		(7,441	)		(35	)		(38	)
Ending units		132			279			135,780			138,566			62,402			72,881			793			828

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NOTG3						NOTMG3						PMVAAA						PMVFBA
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	23			34			1			1			26,943			9,517			7,085			5,454
Realized gain (loss) on investments		74			(1	)		1			-			2,844			71			519			(506	)
Change in unrealized gain (loss) on investments		308			67			6			3			5,476			7,628			(19,297	)		5,075
Reinvested capital gains		-			-			-			-			-			-			224			-
Net increase (decrease) in contract owners’ equity resulting from operations		405			100			8			4			35,263			17,216			(11,469	)		10,023
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		81			24			24			24			27,217			10,188			5,215			5,988
Transfers between funds		1,847			-			-			-			(27,835	)		(410	)		(8,068	)		(575	)
Surrenders (notes 2, 3, 4, 5 and 6)		(455	)		(126	)		(4	)		(3	)		8,367			3,843			(16,500	)		(18,772	)
Adjustments to maintain reserves		7			(8	)		(6	)		3			11			(10	)		4			18
Net equity transactions		1,480			(110	)		14			24			7,760			13,611			(19,349	)		(13,341	)
Net change in contract owners’ equity		1,885			(10	)		22			28			43,023			30,827			(30,818	)		(3,318	)
Contract owners’ equity at beginning of period		2,369			2,379			66			38			242,205			211,378			155,281			158,599
Contract owners’ equity at end of period	$	4,254			2,369			88			66			285,228			242,205			124,463			155,281
CHANGE IN UNITS:
Beginning units		178			186			5			3			17,554			16,466			10,566			11,894
Units purchased		137			2			2			2			3,096			1,950			448			510
Units surrendered		(31	)		(10	)		(1	)		-			(2,778	)		(862	)		(1,813	)		(1,838	)
Ending units		284			178			6			5			17,872			17,554			9,201			10,566

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	PMVLDA						PMVRSA						PMVTRA						PVEIB
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	2,015			12,071			1,839			622			8,317			8,771			3,079			4,466
Realized gain (loss) on investments		(6,579	)		(3,948	)		7,395			(37	)		(17,594	)		3,016			2,939			(8,229	)
Change in unrealized gain (loss) on investments		(12,031	)		29,400			928			1,260			(34,217	)		22,962			98,903			(1,088	)
Reinvested capital gains		-			-			-			-			32,121			6,423			18,751			25,899
Net increase (decrease) in contract owners’ equity resulting from operations		(16,595	)		37,523			10,162			1,845			(11,373	)		41,172			123,672			21,048
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		13,715			20,058			608			211			15,044			10,401			10,263			78,119
Transfers between funds		(177,197	)		94,723			30,386			8,299			(600,262	)		153,140			146,507			25,514
Surrenders (notes 2, 3, 4, 5 and 6)		(52,903	)		(117,561	)		(1,461	)		13,013			(26,317	)		(16,912	)		(26,816	)		(113,847	)
Adjustments to maintain reserves		(6	)		111			(7	)		(6	)		(16	)		32			19			(10	)
Net equity transactions		(216,391	)		(2,669	)		29,526			21,517			(611,551	)		146,661			129,973			(10,224	)
Net change in contract owners’ equity		(232,986	)		34,854			39,688			23,362			(622,924	)		187,833			253,645			10,824
Contract owners’ equity at beginning of period		1,480,269			1,445,415			25,841			2,479			622,924			435,091			427,936			417,112
Contract owners’ equity at end of period	$	1,247,283			1,480,269			65,529			25,841			-			622,924			681,581			427,936
CHANGE IN UNITS:
Beginning units		111,242			111,462			4,245			411			45,592			34,429			30,397			31,185
Units purchased		3,162			10,024			4,065			3,932			1,868			13,264			8,977			5,322
Units surrendered		(19,472	)		(10,244	)		(197	)		(98	)		(47,460	)		(2,101	)		(1,147	)		(6,110	)
Ending units		94,932			111,242			8,113			4,245			-			45,592			38,227			30,397

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	PVGOB						PVTIGB						TRHS2						TRLT2
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(9,603	)		(7,824	)		1,816			2,734			(27,526	)		(23,036	)		486			790
Realized gain (loss) on investments		137,470			112,305			3,828			(3,579	)		285,562			277,565			183			7
Change in unrealized gain (loss) on investments		68,370			328,069			5,527			26,766			29,297			592,054			(991	)		1,341
Reinvested capital gains		180,843			83,106			9,579			-			368,416			306,942			272			-
Net increase (decrease) in contract owners’ equity resulting from operations		377,080			515,656			20,750			25,921			655,749			1,153,525			(50	)		2,138
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		24,749			129,886			6,422			5,935			118,806			174,554			-			-
Transfers between funds		(277,634	)		(44,206	)		(8,183	)		23,175			(76,207	)		(153,514	)		(3,662	)		3,490
Surrenders (notes 2, 3, 4, 5 and 6)		(123,815	)		(140,264	)		(14,216	)		(12,888	)		(424,701	)		(564,608	)		(164	)		(235	)
Adjustments to maintain reserves		12			(10	)		39			(9	)		92			10			(1	)		2
Net equity transactions		(376,688	)		(54,594	)		(15,938	)		16,213			(382,010	)		(543,558	)		(3,827	)		3,257
Net change in contract owners’ equity		392			461,062			4,812			42,134			273,739			609,967			(3,877	)		5,395
Contract owners’ equity at beginning of period		1,939,462			1,478,400			261,300			219,166			5,478,428			4,868,461			48,461			43,066
Contract owners’ equity at end of period	$	1,939,854			1,939,462			266,112			261,300			5,752,167			5,478,428			44,584			48,461
CHANGE IN UNITS:
Beginning units		76,808			80,650			9,438			8,829			88,576			101,270			3,359			3,118
Units purchased		1,319			8,855			255			1,295			4,781			3,083			-			258
Units surrendered		(15,182	)		(12,697	)		(822	)		(686	)		(10,571	)		(15,777	)		(265	)		(17	)
Ending units		62,945			76,808			8,871			9,438			82,786			88,576			3,094			3,359

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	VWBF						VWEM						VWHA						VRVDRI
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	31,672			43,435			13,260			47,790			(2,086	)		9,136			101			(9	)
Realized gain (loss) on investments		(8,684	)		(15,503	)		72,253			65,162			(8,422	)		(294,542	)		2,488			(6,173	)
Change in unrealized gain (loss) on investments		(55,413	)		24,455			(558,362	)		264,059			501,229			699,037			5,108			1,904
Reinvested capital gains		-			-			74,640			95,258			-			-			352			69
Net increase (decrease) in contract owners’ equity resulting from operations		(32,425	)		52,387			(398,209	)		472,269			490,721			413,631			8,049			(4,209	)
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		21,876			37,533			92,875			91,707			86,727			109,584			1,719			-
Transfers between funds		24,030			(21,898	)		(13,404	)		(52,414	)		(34,292	)		(62,115	)		44,584			(14,932	)
Surrenders (notes 2, 3, 4, 5 and 6)		(48,920	)		(79,307	)		(274,121	)		(337,570	)		(235,797	)		(175,269	)		(640	)		(154	)
Adjustments to maintain reserves		37			22			(35	)		23			(10,646	)		1,606			12			(1	)
Net equity transactions		(2,977	)		(63,650	)		(194,685	)		(298,254	)		(194,008	)		(126,194	)		45,675			(15,087	)
Net change in contract owners’ equity		(35,402	)		(11,263	)		(592,894	)		174,015			296,713			287,437			53,724			(19,296	)
Contract owners’ equity at beginning of period		703,175			714,438			3,443,120			3,269,105			2,734,746			2,447,309			3,766			23,062
Contract owners’ equity at end of period	$	667,773			703,175			2,850,226			3,443,120			3,031,459			2,734,746			57,490			3,766
CHANGE IN UNITS:
Beginning units		22,248			24,813			77,236			85,729			73,594			77,074			353			2,122
Units purchased		1,466			2,173			4,388			6,871			4,000			8,349			3,380			186
Units surrendered		(1,462	)		(4,738	)		(8,857	)		(15,364	)		(8,417	)		(11,829	)		(46	)		(1,955	)
Ending units		22,252			22,248			72,767			77,236			69,177			73,594			3,687			353

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	SVDF						SVOF						WFVSCG						AVBVI
	2021			2020			2021			2020			2021			2020			2021			2020
Investment activity*:
Net investment income (loss)	$	(6,911	)		(5,624	)		(12,533	)		(3,941	)		(3,731	)		(2,410	)		49			17
Realized gain (loss) on investments		87,982			10,724			67,448			66,373			37,022			(32,102	)		1,091			(328	)
Change in unrealized gain (loss) on investments		(210,347	)		367,078			230,847			103,002			(71,588	)		250,045			(30	)		550
Reinvested capital gains		81,564			73,272			87,776			103,770			78,724			25,900			166			193
Net increase (decrease) in contract owners’ equity resulting from operations		(47,712	)		445,450			373,538			269,204			40,427			241,433			1,276			432
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		7,069			6,872			3,228			11,351			48,758			46,527			573			229
Transfers between funds		(36,233	)		58,480			(11,881	)		12,370			18,567			118,539			(7,039	)		477
Surrenders (notes 2, 3, 4, 5 and 6)		(220,188	)		(15,739	)		(38,168	)		(95,120	)		(50,320	)		(76,317	)		(72	)		(137	)
Adjustments to maintain reserves		2,555			(1,072	)		(23,068	)		3,647			52			(26	)		(14	)		24
Net equity transactions		(246,797	)		48,541			(69,889	)		(67,752	)		17,057			88,723			(6,552	)		593
Net change in contract owners’ equity		(294,509	)		493,991			303,649			201,452			57,484			330,156			(5,276	)		1,025
Contract owners’ equity at beginning of period		1,167,378			673,387			1,615,521			1,414,069			745,507			415,351			5,276			4,251
Contract owners’ equity at end of period	$	872,869			1,167,378			1,919,170			1,615,521			802,991			745,507			-			5,276
CHANGE IN UNITS:
Beginning units		11,375			10,481			32,172			33,080			11,808			10,390			173			147
Units purchased		232			1,255			47			173			1,674			3,104			16			31
Units surrendered		(2,939	)		(361	)		(957	)		(1,081	)		(1,575	)		(1,686	)		(189	)		(5	)
Ending units		8,668			11,375			31,262			32,172			11,907			11,808			-			173

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	IVKMG1					GVDIVI					NVMLV1					NVLCAP
	2021		2020			2021		2020			2021		2020			2021		2020
Investment activity*:
Net investment income (loss)	$	-		(382	)		-		30,060			-		14,661			-		(38	)
Realized gain (loss) on investments		-		(84,644	)		-		(236,616	)		-		(1,002,764	)		-		(233	)
Change in unrealized gain (loss) on investments		-		(3,141	)		-		114,508			-		328,757			-		(8,015	)
Reinvested capital gains		-		71,677			-		-			-		494,720			-		2,174
Net increase (decrease) in contract owners’ equity resulting from operations		-		(16,490	)		-		(92,048	)		-		(164,626	)		-		(6,112	)
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-		20,901			-		10,253			-		28,374			-		569
Transfers between funds		-		(246,573	)		-		(402,694	)		-		(1,256,521	)		-		(168,099	)
Surrenders (notes 2, 3, 4, 5 and 6)		-		(49,362	)		-		(38,746	)		-		(75,259	)		-		(3,574	)
Adjustments to maintain reserves		-		(11	)		-		(3	)		-		(16	)		-		(7	)
Net equity transactions		-		(275,045	)		-		(431,190	)		-		(1,303,422	)		-		(171,111	)
Net change in contract owners’ equity		-		(291,535	)		-		(523,238	)		-		(1,468,048	)		-		(177,223	)
Contract owners’ equity at beginning of period		-		291,535			-		523,238			-		1,468,048			-		177,223
Contract owners’ equity at end of period	$	-		-			-		-			-		-			-		-
CHANGE IN UNITS:
Beginning units		-		13,096			-		25,128			-		70,781			-		11,260
Units purchased		-		190			-		1,079			-		3,131			-		41
Units surrendered		-		(13,286	)		-		(26,207	)		-		(73,912	)		-		(11,301	)
Ending units		-		-			-		-			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020

	NVLMP
	2021		2020
Investment activity*:
Net investment income (loss)	$	-		337
Realized gain (loss) on investments		-		(20,300	)
Change in unrealized gain (loss) on investments		-		1,305
Reinvested capital gains		-		14,700
Net increase (decrease) in contract owners’ equity resulting from operations		-		(3,958	)
Equity transactions:
Purchase payments received from policyholders (notes 2 and 6)		-		464
Transfers between funds		-		(263,763	)
Surrenders (notes 2, 3, 4, 5 and 6)		-		(4,490	)
Adjustments to maintain reserves		-		6
Net equity transactions		-		(267,783	)
Net change in contract owners’ equity		-		(271,741	)
Contract owners’ equity at beginning of period		-		271,741
Contract owners’ equity at end of period	$	-		-
CHANGE IN UNITS:
Beginning units		-		18,446
Units purchased		-		34
Units surrendered		-		(18,480	)
Ending units		-		-

* For all subaccounts not included herein but listed as an investment option in note 1(b), there was no activity during the two-year period. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2021, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

(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. - 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)

FIDELITY INVESTMENTS

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

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

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)

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

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 Trend Driven 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. Main Street Mid Cap Fund: Series I Shares (AVMCCI)

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

Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV)*

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

Invesco - Invesco V.I. Core Bond Fund: Series I (OVB)

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

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

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

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

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

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

IVY INVESTMENTS

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

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

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

JANUS HENDERSON INVESTORS

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

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

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

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

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

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 III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)

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

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

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 - NVIT DoubleLine Total Return Tactical Fund: Class II (DTRTFB)

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

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

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

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

Nationwide Variable Insurance Trust - NVIT American Funds 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 - NVIT Federated 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 Investor Destinations Managed Growth & Income Fund: Class I (IDPGI)*

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

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

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

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG)

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

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class Y (NJMMAY)*

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

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

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)

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

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

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

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

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

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

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 Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)

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

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

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

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

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

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

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

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

Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I (NVMMG1)

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

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

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

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

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)

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)

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 Large Cap Value 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)

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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

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

VIRTUS MUTUAL FUNDS

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

WELLS FARGO FUNDS

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

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

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

* At December 31, 2021, policyholders were not invested in this fund.

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

A policyholder may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.

Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.

A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners’ Equity if a prior period purchase payment is refunded to a policyholder due to a policy cancellation during the free look period, and/or if a gain is realized by the policyholder during the free look period.

The Company allocates purchase payments to subaccounts and/or the fixed account as instructed by the policyholder. Shares of the subaccounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the policy.

Unless listed below, the financial statements presented are as of December 31, 2021 and for each of the years in the two-year period ended December 31, 2021. For the subaccounts listed below with inception dates in 2021, the financial statements are as of December 31, 2021 and for the period from the inception date to December 31, 2021. For the subaccounts listed below with liquidation dates in 2021, the financial statements are for the period from January 1, 2021 to the liquidation date. For the subaccounts listed below with inception dates in 2020, the prior year financial statements reflect the period from inception date to December 31, 2020. For the subaccounts listed below with liquidation dates in 2020, the prior year financial statements reflect the period from January 1, 2020 to the liquidation date:

	Inception Date		Liquidation Date
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG)		9/1/2021
Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV)		4/30/2021
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)		4/20/2021
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)		3/31/2021
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)		10/23/2020
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP)		10/23/2020
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)		10/16/2020
Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)		9/11/2020
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC)		1/2/2020

For the two-year period ending December 31, 2021, the following underlying mutual fund mergers occurred. Underlying mutual funds that were acquired during the period ending December 31, 2021 are no longer available as of December 31, 2021. Underlying mutual funds that were acquired during the period ending December 31, 2020 are no longer available as of December 31, 2020.

Acquired Underlying Mutual Fund	Acquiring Underlying Mutual Fund	Effective Date
Invesco - Invesco V.I. Value Opportunities Fund: Series I Shares (AVBVI)	Invesco - Invesco V.I. American Value Fund: Series I Shares (MSVMV)	4/30/2021
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II (NVLCA2)	Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)	10/23/2020
Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class P (NVLCAP)	Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)	10/23/2020

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class P (NVLMP)	Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP)	10/23/2020
Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)	Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)	10/16/2020
Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I (NVMLV1)	Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)	9/11/2020
Invesco - Invesco V.I. Mid Cap Growth Fund: Series I Shares (IVKMG1)	Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)	4/30/2020

For the one-year period ended December 31, 2021, the following subaccount name changes occurred:

Subaccount Abbreviation	Current Legal Name	Prior Legal Name	Effective Date
DFVGMI	DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class	DFA Investment Dimensions Group Inc. - DFA VA Global Moderate Allocation Portfolio: Institutional Class	5/1/2021
GVGMNS	Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares	Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares	12/31/2021
AVMCCI	Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares	Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series I Shares	5/1/2021
OVAG	Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I	Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund: Series I	5/1/2021
OVB	Invesco - Invesco V.I. Core Bond Fund: Series I	Invesco Oppenheimer V.I. Total Return Bond Fund: Series I	5/1/2021
OVGI	Invesco - Invesco V.I. Main Street Fund: Series I	Invesco Oppenheimer V.I. Main Street Fund: Series I	5/1/2021
OVGS	Invesco - Invesco V.I. Global Fund: Series I	Invesco Oppenheimer V.I. Global Fund: Series I	5/1/2021
OVMS	Invesco - Invesco V.I. Conservative Balanced Fund: Series I	Invesco Oppenheimer V.I. Conservative Balanced Fund: Series I	5/1/2021
OVSB	Invesco - Invesco V.I. Global Strategic Income Fund: Series I	Invesco Oppenheimer V.I. Global Strategic Income Fund: Series I	5/1/2021
OVSC	Invesco - Invesco V.I. Main Street Small Cap Fund: Series I	Invesco Oppenheimer V.I. Main Street Small Cap Fund: Series I	5/1/2021
WRASP	Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II	Ivy Variable Insurance Portfolios - Asset Strategy: Class II	7/1/2021
WRHIP	Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II	Ivy Variable Insurance Portfolios - High Income: Class II	7/1/2021
WRMCG	Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II	Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II	7/1/2021
DTRTFB	Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II	Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II	5/1/2021
EIF	Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I	Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class I	5/1/2021
GVAAA2	Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II	Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II	5/1/2021

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

GVABD2	Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II	Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II	5/1/2021
GVAGG2	Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II	Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II	5/1/2021
GVAGI2	Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II	Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II	5/1/2021
GVAGR2	Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II	Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II	5/1/2021
HIBF	Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I	Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I	5/1/2021
MSBF	Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I	Nationwide Variable Insurance Trust - Amundi NVIT Multi Sector Bond Fund: Class I	5/1/2021
NVAMV1	Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I	Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class I	8/31/2021
NVAMVX	Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X	Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Equity Income: Class X	8/31/2021
NVLCP1	Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I	Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class I	9/7/2021
NVMMG1	Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I	Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class I	12/6/2021
NVNMO1	Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I	Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I	5/1/2021
NVNSR1	Nationwide Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I	Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I	8/31/2021
NVOLG1	Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I	Nationwide Variable Insurance Trust - NVIT Mellon Dynamic U.S. Core Fund: Class I	8/31/2021
PVEIB	Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB	Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB	5/1/2021
VWHA	VanEck VIP Trust - Global Resources Fund: Initial Class	VanEck VIP Trust - Global Hard Assets Fund: Initial Class	5/1/2021
SVDF	Allspring Variable Trust - VT Discovery Fund: Class 2	Wells Fargo Variable Trust - VT Discovery Fund: Class 2	10/11/2021
SVOF	Allspring Variable Trust - VT Opportunity Fund: Class 2	Wells Fargo Variable Trust - VT Opportunity Fund: Class 2	10/11/2021
WFVSCG	Allspring Variable Trust - VT Small Cap Growth Fund: Class 2	Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2	10/11/2021

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing Net Asset Value per share at December 31, 2021 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

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

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

(f) COVID-19

Equity and financial markets have experienced significant volatility and interest rates have experienced significant declines primarily driven by the COVID-19 pandemic. These conditions have and may continue to impact the Company’s operations and financial condition. The extent to which the COVID-19 pandemic may impact the Company’s operations and financial condition will depend on future developments which are evolving and uncertain.

(g) Subsequent Events

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

(2) Policy Charges

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

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

For the years ended December 31, 2021 and 2020, total front-end sales charge deductions were $991,479 and $1,009,416, respectively and were recognized as part of purchase payments on the Statements of Changes in Contract Owners’ Equity.

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

(3) Asset Charges

The Company deducts a charge related to the assumption of mortality and expense risk. Asset charges are included within the surrenders line item in the equity transactions section of the Statements of Changes in Contract Owners’ Equity.

For modified single premium policies, the Company deducts a charge equal to an annualized rate of 0.90%. For flexible premium policies, the Company deducts a charge equal to an annualized rate of 0.80% in policy years one through nine. After the ninth year, the annualized rate is 0.80% on the first $25,000 of cash value and 0.50% on additional cash value. For last survivor flexible premium policies, the Company deducts a charge equal to an annualized rate of 0.80% in policy years one through ten. In policy years eleven and after, the charge will continue to be deducted, but may be reduced for policies at specified asset levels. For last survivor flexible premium policies issued in New York, the Company deducts a charge equal to an annualized rate of 0.80% in policy years one through ten and 0.50% thereafter, regardless of cash value. This charge is assessed monthly by liquidating units.

For single premium policies issued prior to April 16, 1990, the Company deducts a charge equal to an annualized rate of 0.95% during the first ten policy years, and 0.50% thereafter. For single premium policies issued on or after April 16, 1990, the charge is equal to an annualized rate of 1.30% during the first ten policy years, and 1.00% thereafter. For multiple payment policies, the Company deducts a charge equal to an annualized rate of 0.80%. For flexible premium and Variable Executive Life policies, the charge is equal to an annualized rate of 0.80% during the first ten policy years, and 0.50% thereafter. This charge is assessed through a reduction in the unit value.

(4) Death Benefits

Death benefit proceeds result in a surrender of the policy value from the Separate Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium policies, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the policy value on the date of death, the excess is paid by the Company’s general account. Death benefits are included within the surrenders line item in the equity transactions section of the Statements of Changes in Contract Owners’ Equity.

(5) Policy Loans (Net of Repayments)

Policy provisions allow policyholders to borrow up to 90% (50% during first year of single and modified single premium policies) of a policy’s cash surrender value. For single premium policies issued prior to April 16, 1990, 6.50% interest is due and payable annually in advance of the policy anniversary date. For single premium policies issued on or after April 16, 1990, multiple payment, flexible premium, modified single and last survivor flexible premium policies, 6.00% interest is due and payable in advance on the policy anniversary when there is a loan outstanding on the policy.

At the time the loan is granted, the amount of the loan is transferred from the Separate Account to the Company’s general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Loan repayments result in a transfer of collateral including interest credited back to the Separate Account. Policy loans (net of repayments) are included within the surrenders line item in the equity transactions section of the Statements of Changes in Contract Owners’ Equity.

(6) Related Party Transactions

The Company performs various services on behalf of the mutual fund companies in which the Separate Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.

Policyholders may, with certain restrictions, transfer their assets between the Separate Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. These transfers are the result of the policyholder executing fund exchanges. Fund exchanges from the Separate Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Separate Account are included in purchase payments received from policyholders, as applicable, on the accompanying Statements of Changes in Contract Owners’ Equity. Policy loan transactions (note 5), executed at the direction of the policyholder, also result in transfers between the Separate Account and the fixed account of the Company. The fixed account assets are not reflected in the accompanying financial statements. For the years ended December 31, 2021 and 2020, total transfers to the Separate Account from the fixed account were $16,911,739 and $23,110,379, respectively, and total transfers from the Separate Account to the fixed account were $13,178,502 and $22,222,114, respectively.

(7) Fair Value Measurement

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

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

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

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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

• Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets, quotes prices for identical or similar assets or liabilities in markets that are not active or inputs (other than quotes prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, London Interbank Offered Rate, Secures Overnight Financing Rate, prime rates, cash flows, maturity dates, callability, estimated prepayments and/or underlying collateral values.

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

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2021:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	805,942,124	$	-	$	-	$	805,942,124

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2021 are as follows:

Subaccount Abbreviation*	Purchases of Investments		Sales of Investments
ALVDAA	$	6,488	$	553
ALVGIA		30,113		32,914
ALVIVB		85,814		5,040
ALVSVA		282,002		158,797
ACVB		559,407		765,866
ACVCA		267,409		2,130,963
ACVI		24,855		15,254
ACVIG		366,863		206,712
ACVIP2		230,113		48,051
ACVMV1		126,373		426,307
ACVU1		21,605		16,950
BRVHYI		120,008		200,776
MLVGA2		363,721		171,905
DCAP		583,779		6,497,263
DGI		162,788		121,082
DSC		38,074		36,376
DSIF		3,574,676		4,389,883
DSRG		399,834		809,017
DVSCS		81,100		403,075
DWVSVS		130,510		90,012
DFVGMI		3,640		1,023
DFVIPS		44,918		143,996
DSGIBA		30,708		44,229
FQB		118,962		177,900
FVU2		19,787		14,150
FAMP		2,387,044		1,120,847
FCS		569,176		75,737
FEIP		5,915,032		4,388,313
FEMS		217,121		82,619
FF10S		80,382		88,200
FF20S		90,559		85,019
FF30S		686,929		47,956
FGP		23,024,666		9,988,945
FHIP		567,692		514,780
FIGBS		299,963		306,660
FMCS		1,190,327		497,123
FNRS2		728,868		558,231
FOP		391,773		639,883
FOS		633,294		502,579
FRESS		50,465		49,424
FVSS		510,173		255,385
FTVDM2		39,838		39,142

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

FTVFA2	14,389	19,530
FTVGI2	80,112	65,386
FTVIS2	91,949	121,917
FTVRDI	315,274	5,194,239
FTVSVI	390,607	245,249
TIF	875	1,356
TIF2	26,076	76,381
GVGMNS	25,198	10,620
GVMSAS	9,518	9,370
RVARS	26,916	13,440
ACEG	66,551	200,948
AVMCCI	1,422	675
IVBRA1	49,412	34,295
MSVMV	6,556	6,683
OVAG	648,025	607,402
OVB	384,089	307,912
OVGI	91,874	1,326,088
OVGS	1,522,226	2,639,416
OVIG	145,687	174,007
OVMS	440,840	639,138
OVSB	22,472	5,184
OVSC	120,542	66,811
WRASP	166,597	90,164
WRHIP	83,558	77,607
WRMCG	306,818	263,885
JABS	569,715	525,935
JACAS	1,052,685	846,593
JAEI	34,035	84,042
JAGTS	1,935,540	1,701,174
JAIGS	278,373	303,153
LOVTRC	45,948	6,437
MNDIC	240,865	218,906
MV2IGI	68,078	23,184
MV3MVI	188,116	11,434
MVFIC	223,121	474,910
MVIGIC	102,650	12,740
MSEM	42,432	45,363
MSVFI	99,881	15,731
MSVRE	25,217	153,086
DTRTFB	40,928	691
EIF	176,478	65,329
GBF	271,843	558,300
GEM	89,611	122,457
GIG	278,506	354,814
GVAAA2	151,594	388,589
GVABD2	47,086	68,660
GVAGG2	233,127	340,392
GVAGI2	65,869	117,020
GVAGR2	462,438	527,159
GVDMA	189,235	466,297
GVDMC	32,532	154,750
GVEX1	1,177,579	560,457
GVIDA	132,233	229,853
GVIDC	25,072	31,806
GVIDM	70,058	449,726
GVIX2	69,270	74,707
HIBF	65,886	356,776
IDPG	16	149
MCIF	309,208	1,028,668
MSBF	210,303	227,489

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

NCPG	9,438	2
NCPGI	25	4
NVAMV1	76,717	815,614
NVAMVX	409,152	246,834
NVBX	18,398	36,600
NVCBD1	193,769	299,142
NVCCA1	19,305	57,711
NVCCN1	721,581	782,111
NVCMA1	96,564	113,549
NVCMC1	6,389	14,742
NVCMD1	59,160	99,532
NVCRA1	81,207	99,111
NVCRB1	53,604	64,821
NVDBL2	7,227	107,884
NVDCA2	2,014	37,061
NVDCAP	28,701	12,827
NVFIII	7,295	59,040
NVGEII	10,700	4,861
NVIDMP	175,969	29,532
NVIX	76,029	13,137
NVLCP1	854,044	33,906
NVMIG1	350,130	694,449
NVMIVX	50,952	16,370
NVMLG1	1,049,160	658,410
NVMMG1	8,229,651	4,277,253
NVMMV2	390,696	1,744,187
NVNMO1	504,746	1,582,117
NVNSR1	60,472	25,328
NVOLG1	14,361,551	6,951,167
NVRE1	435,039	786,789
NVSIX2	266,908	115,463
NVSTB2	184,632	217,390
NVTIV3	1,033	19,098
SAM	4,709,839	9,486,003
SCF	445,325	2,061,953
SCGF	675,814	698,219
SCVF	405,466	365,484
TRF	3,539,131	6,465,741
AMCG	315,917	78,954
AMINS	639	452
AMMCGS	29,008	7,357
AMRS	13	4,682
AMSRS	170,920	171,586
AMTB	223,203	376,504
NOTB3	110	536
NOTG3	1,954	458
NOTMG3	25	4
PMVAAA	73,119	38,428
PMVFBA	11,152	23,197
PMVLDA	40,277	254,647
PMVRSA	90,822	59,451
PMVTRA	221,031	792,130
PVEIB	183,590	31,807
PVGOB	216,107	421,567
PVTIGB	36,357	40,940
TRHS2	592,307	633,519
TRLT2	758	3,820
VWBF	80,600	51,942
VWEM	179,552	286,302
VWHA	164,625	350,074

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

VRVDRI		54,166		8,050
SVDF		95,574		270,273
SVOF		162,523		134,101
WFVSCG		259,977		167,979
AVBVI		674		6,996
	$	100,872,793	$	102,202,615

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

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

(8) Financial Highlights

The Company offers several variable life products through the Separate Account that have unique combinations of features and fees that are assessed to the policyholder. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns. The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable life insurance policies as of December 31, 2021, and the investment income ratio and total return for each of the periods in the five-year period ended December 31, 2021. The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate for contracts with units outstanding as of the balance sheet date. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented. Total return and investment income ratio for periods with no ending Contract Owners’ Equity were considered to be irrelevant, and therefore are not presented.

	Contract Expense Rate*						Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**			Total Return***
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class A (ALVDAA)
2021		0.50	%	to	0.80	%		380	$	16.65	to	$	16.17	$	6,330		0.63	%		9.13	%	to	8.80	%
2020		0.80	%					18		14.87					268		1.77	%		4.19	%
2019		0.80	%					18		14.27					257		2.09	%		14.59	%
2018		0.80	%					9		12.45					112		1.96	%		-7.81	%
2017		0.80	%					1		13.51					14		1.22	%		13.76	%
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A (ALVGIA)
2021		0.00	%	to	0.80	%		9,858		55.72	to		47.99		505,486		0.84	%		28.16	%	to	27.14	%
2020		0.00	%	to	0.80	%		9,985		43.48	to		37.75		400,569		1.51	%		2.72	%	to	1.90	%
2019		0.00	%	to	0.80	%		11,184		42.33	to		37.04		438,991		1.25	%		23.91	%	to	22.93	%
2018		0.00	%	to	0.80	%		11,311		34.16	to		30.13		357,883		0.96	%		-5.61	%	to	-6.36	%
2017		0.00	%	to	0.80	%		11,414		36.19	to		32.18		384,234		1.43	%		18.92	%	to	17.98	%
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B (ALVIVB)
2021		0.50	%					8,354		10.04					83,859		1.65	%		10.30	%			****
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
2021		0.00	%	to	0.80	%		18,510		75.25	to		64.81		1,288,809		0.81	%		35.95	%	to	34.87	%
2020		0.00	%	to	0.80	%		16,852		55.35	to		48.06		862,434		1.00	%		3.37	%	to	2.55	%
2019		0.00	%	to	0.80	%		18,146		53.55	to		46.86		900,690		0.58	%		20.10	%	to	19.14	%
2018		0.00	%	to	0.80	%		20,368		44.59	to		39.33		842,341		0.48	%		-15.03	%	to	-15.71	%
2017		0.00	%	to	0.80	%		22,186		52.47	to		46.66		1,084,321		0.44	%		13.15	%	to	12.25	%
American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I (ACVB)
2021		0.00	%	to	1.00	%		133,333		60.32	to		29.67		5,905,061		0.72	%		15.77	%	to	14.62	%
2020		0.00	%	to	1.00	%		142,764		52.10	to		25.89		5,577,178		1.17	%		12.53	%	to	11.41	%
2019		0.00	%	to	1.00	%		154,992		46.30	to		23.24		5,580,785		1.55	%		19.85	%	to	18.66	%
2018		0.00	%	to	1.00	%		162,951		38.63	to		19.58		4,984,865		1.40	%		-3.83	%	to	-4.79	%
2017		0.00	%	to	1.00	%		176,047		40.17	to		20.57		5,781,607		1.56	%		13.91	%	to	12.78	%
American Century Variable Portfolios, Inc. - American Century VP Capital Appreciation Fund: Class I (ACVCA)
2021		0.50	%	to	0.80	%		605		213.11	to		126.66		117,088		0.00	%		10.60	%	to	10.27	%
2020		0.00	%	to	1.00	%		37,563		82.80	to		36.44		1,904,603		0.00	%		42.46	%	to	41.04	%
2019		0.00	%	to	1.00	%		43,716		58.12	to		25.84		1,501,748		0.00	%		35.56	%	to	34.22	%
2018		0.00	%	to	1.00	%		52,029		42.88	to		19.25		1,282,005		0.00	%		-5.20	%	to	-6.15	%
2017		0.00	%	to	1.00	%		63,028		45.23	to		20.51		1,590,508		0.00	%		21.79	%	to	20.58	%
American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)
2021		0.00	%	to	1.00	%		25,642		53.62	to		19.83		768,282		0.16	%		8.75	%	to	7.67	%
2020		0.00	%	to	1.00	%		26,458		49.31	to		18.42		743,971		0.47	%		25.88	%	to	24.63	%
2019		0.00	%	to	1.00	%		15,473		39.17	to		14.78		446,208		0.86	%		28.42	%	to	27.14	%
2018		0.00	%	to	1.00	%		15,888		30.50	to		11.62		359,511		1.28	%		-15.22	%	to	-16.07	%
2017		0.00	%	to	1.00	%		16,842		35.98	to		13.85		450,866		0.94	%		31.21	%	to	29.90	%
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)
2021		0.00	%	to	1.00	%		44,127		50.01	to		32.62		1,938,326		1.08	%		23.65	%	to	22.42	%
2020		0.00	%	to	1.00	%		46,981		40.45	to		26.65		1,680,005		1.96	%		11.81	%	to	10.70	%
2019		0.00	%	to	1.00	%		54,791		36.18	to		24.07		1,762,527		2.09	%		23.95	%	to	22.72	%
2018		0.00	%	to	1.00	%		54,209		29.19	to		19.62		1,420,904		1.92	%		-6.87	%	to	-7.80	%
2017		0.00	%	to	1.00	%		58,537		31.34	to		21.28		1,660,296		2.25	%		20.49	%	to	19.29	%
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)
2021		0.00	%	to	0.80	%		37,790		20.76	to		17.88		715,443		3.30	%		6.27	%	to	5.42	%
2020		0.00	%	to	0.80	%		28,701		19.53	to		16.96		514,695		1.25	%		9.55	%	to	8.68	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2019		0.00	%	to	0.80	%		36,595		17.83	to	15.60		601,513		2.32	%		8.90	%	to	8.03	%
2018		0.00	%	to	0.80	%		64,811		16.37	to	14.44		989,957		2.83	%		-2.82	%	to	-3.60	%
2017		0.00	%	to	0.80	%		62,077		16.85	to	14.98		984,277		2.61	%		3.67	%	to	2.85	%
American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I (ACVMV1)
2021		0.00	%	to	0.80	%		28,736		51.83	to	45.36		1,374,753		1.12	%		23.20	%	to	22.22	%
2020		0.00	%	to	0.80	%		35,934		42.07	to	37.11		1,400,167		1.69	%		1.21	%	to	0.40	%
2019		0.00	%	to	0.80	%		56,551		41.57	to	36.96		2,189,116		2.07	%		29.15	%	to	28.12	%
2018		0.00	%	to	0.80	%		68,042		32.18	to	28.85		2,047,913		1.40	%		-12.84	%	to	-13.53	%
2017		0.00	%	to	0.80	%		70,812		36.92	to	33.37		2,453,645		1.52	%		11.69	%	to	10.81	%
American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)
2021		0.00	%	to	1.00	%		3,342		77.40	to	63.58		214,669		0.00	%		23.16	%	to	21.93	%
2020		0.00	%	to	1.00	%		3,458		62.85	to	52.15		182,152		0.00	%		49.85	%	to	48.36	%
2019		0.00	%	to	1.00	%		28,843		41.94	to	35.15		1,015,024		0.00	%		34.58	%	to	33.24	%
2018		0.00	%	to	1.00	%		28,727		31.16	to	26.38		758,778		0.26	%		0.76	%	to	-0.25	%
2017		0.00	%	to	1.00	%		28,800		30.93	to	26.45		762,578		0.02	%		32.22	%	to	30.91	%
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I (BRVHYI)
2021		0.50	%	to	0.80	%		46,618		12.81	to	12.63		597,139		4.59	%		4.81	%	to	4.50	%
2020		0.50	%	to	0.80	%		55,269		12.22	to	12.09		675,478		4.98	%		6.73	%	to	6.41	%
2019		0.50	%	to	0.80	%		18,555		11.45	to	11.36		212,452		5.54	%		14.71	%	to	14.37	%
2018		0.50	%	to	0.80	%		5,916		9.98	to	9.93		59,027		5.63	%		-3.14	%	to	-3.44	%
2017		0.50	%	to	0.80	%		949		10.31	to	10.29		9,780		2.38	%		3.07	%	to	2.87	%****
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class II (MLVGA2)
2021		0.00	%	to	0.80	%		76,589		27.29	to	24.66		1,960,519		0.76	%		6.55	%	to	5.70	%
2020		0.00	%	to	0.80	%		79,733		25.61	to	23.33		1,927,227		1.16	%		20.80	%	to	19.84	%
2019		0.00	%	to	0.80	%		93,183		21.20	to	19.47		1,871,842		1.14	%		17.83	%	to	16.89	%
2018		0.00	%	to	0.80	%		102,683		17.99	to	16.65		1,757,365		0.64	%		-7.52	%	to	-8.26	%
2017		0.00	%	to	0.80	%		157,091		19.45	to	18.15		2,935,969		1.16	%		13.74	%	to	12.84	%
BNY Mellon Variable Investment Fund - Appreciation Portfolio: Initial Shares (DCAP)
2020		0.00	%	to	1.00	%		97,929		61.04	to	33.18		5,180,021		0.79	%		23.69	%	to	22.46	%
2019		0.00	%	to	1.00	%		110,653		49.35	to	27.09		4,745,452		1.17	%		36.10	%	to	34.74	%
2018		0.00	%	to	1.00	%		118,233		36.26	to	20.11		3,730,581		1.26	%		-6.85	%	to	-7.78	%
2017		0.00	%	to	1.00	%		127,283		38.93	to	21.80		4,320,702		1.33	%		27.33	%	to	26.07	%
BNY Mellon Variable Investment Fund - Growth and Income Portfolio: Initial Shares (DGI)
2021		0.00	%	to	1.00	%		33,410		72.67	to	39.20		2,153,438		0.47	%		25.63	%	to	24.38	%
2020		0.00	%	to	1.00	%		35,089		57.85	to	31.52		1,797,969		0.77	%		24.63	%	to	23.39	%
2019		0.00	%	to	1.00	%		37,988		46.41	to	25.54		1,550,484		1.08	%		29.12	%	to	27.84	%
2018		0.00	%	to	1.00	%		44,464		35.95	to	19.98		1,381,884		0.80	%		-4.68	%	to	-5.64	%
2017		0.00	%	to	1.00	%		47,631		37.71	to	21.18		1,559,084		0.74	%		19.71	%	to	18.52	%
BNY Mellon Variable Investment Fund - Opportunistic Small Cap Portfolio: Initial Shares (DSC)
2021		0.00	%	to	0.80	%		8,453		44.52	to	38.34		341,097		0.11	%		16.46	%	to	15.53	%
2020		0.00	%	to	0.80	%		8,427		38.23	to	33.19		291,482		0.67	%		19.89	%	to	18.94	%
2019		0.00	%	to	0.80	%		10,752		31.88	to	27.90		313,524		0.00	%		21.78	%	to	20.81	%
2018		0.00	%	to	0.80	%		10,737		26.18	to	23.10		258,325		0.00	%		-19.08	%	to	-19.73	%
2017		0.00	%	to	0.80	%		10,608		32.35	to	28.77		318,008		0.00	%		24.68	%	to	23.69	%
BNY Mellon Stock Index Fund, Inc.: Initial Shares (DSIF)
2021		0.00	%	to	1.00	%		509,290		110.38	to	38.47		62,352,334		1.14	%		28.41	%	to	27.13	%
2020		0.00	%	to	1.00	%		548,003		85.95	to	30.26		52,100,959		1.58	%		18.01	%	to	16.83	%
2019		0.00	%	to	1.00	%		606,380		72.84	to	25.90		48,346,728		1.72	%		31.18	%	to	29.88	%
2018		0.00	%	to	1.00	%		669,994		55.52	to	19.94		40,984,804		1.65	%		-4.63	%	to	-5.59	%
2017		0.00	%	to	1.00	%		746,832		58.22	to	21.12		48,222,612		1.70	%		21.54	%	to	20.33	%
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares (DSRG)
2021		0.00	%	to	1.00	%		116,545		83.54	to	27.44		11,461,936		0.76	%		27.00	%	to	25.73	%
2020		0.00	%	to	1.00	%		123,939		65.79	to	21.82		9,667,229		1.09	%		24.14	%	to	22.91	%
2019		0.00	%	to	1.00	%		125,019		52.99	to	17.76		8,207,582		1.46	%		34.36	%	to	33.02	%
2018		0.00	%	to	1.00	%		132,225		39.44	to	13.35		6,509,504		1.76	%		-4.40	%	to	-5.36	%
2017		0.00	%	to	1.00	%		140,984		41.26	to	14.10		7,221,620		1.15	%		15.33	%	to	14.19	%
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares (DVSCS)
2021		0.00	%	to	1.00	%		42,049		62.99	to	51.75		2,387,625		0.67	%		26.14	%	to	24.89	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2020		0.00	%	to	1.00	%		48,520		49.94	to	41.43		2,199,155		1.08	%		10.64	%	to	9.54	%
2019		0.00	%	to	1.00	%		54,408		45.14	to	37.83		2,234,991		1.10	%		22.21	%	to	21.00	%
2018		0.00	%	to	1.00	%		82,256		36.93	to	31.26		2,733,048		0.74	%		-8.97	%	to	-9.89	%
2017		0.00	%	to	1.00	%		67,811		40.57	to	34.69		2,549,012		0.65	%		12.40	%	to	11.29	%
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class (DWVSVS)
2021		0.50	%	to	0.80	%		17,155		23.79	to	23.18		407,615		0.61	%		33.35	%	to	32.95	%
2020		0.50	%	to	0.80	%		15,625		17.84	to	17.43		278,548		1.08	%		-2.66	%	to	-2.96	%
2019		0.50	%	to	0.80	%		20,316		18.33	to	17.96		372,107		0.79	%		27.08	%	to	26.70	%
2018		0.50	%	to	0.80	%		20,350		14.42	to	14.18		293,355		0.59	%		-17.36	%	to	-17.61	%
2017		0.50	%	to	0.80	%		28,703		17.45	to	17.21		500,688		0.80	%		11.20	%	to	10.87	%
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI)
2021		0.50	%					4,734		14.90				70,545		1.48	%		13.63	%
2020		0.50	%					4,754		13.11				62,343		1.93	%		10.73	%
2019		0.50	%					2,480		11.84				29,370		2.35	%		17.54	%
2018		0.50	%					2,498		10.08				25,169		2.41	%		-7.36	%
DFA Investment Dimensions Group Inc. - VIT Inflation-Protected Securities Portfolio: Institutional Class (DFVIPS)
2021		0.50	%					14,868		12.65				188,039		3.27	%		5.05	%
2020		0.50	%					23,554		12.04				283,563		1.14	%		11.16	%
2019		0.50	%					21,935		10.83				237,559		1.62	%		7.92	%
2018		0.50	%					22,021		10.04				220,995		2.15	%		-1.83	%
2017		0.50	%					21,031		10.22				214,986		2.71	%		2.75	%
Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A (DSGIBA)
2021		0.50	%	to	0.80	%		42,981		15.72	to	15.45		675,286		2.38	%		10.40	%	to	10.07	%
2020		0.50	%	to	0.80	%		45,291		14.24	to	14.04		644,591		3.14	%		7.74	%	to	7.41	%
2019		0.50	%	to	0.80	%		43,136		13.21	to	13.07		569,890		1.59	%		19.57	%	to	19.21	%
2018		0.50	%	to	0.80	%		10,462		11.05	to	10.96		115,579		5.36	%		-8.13	%	to	-8.40	%
2017		0.50	%	to	0.80	%		11,558		12.03	to	11.97		139,024		2.53	%		15.96	%	to	15.61	%
Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Primary Shares (FQB)
2021		0.00	%	to	1.00	%		81,539		23.16	to	19.03		1,629,257		2.51	%		-1.40	%	to	-2.38	%
2020		0.00	%	to	1.00	%		86,638		23.49	to	19.49		1,768,411		2.65	%		8.12	%	to	7.04	%
2019		0.00	%	to	1.00	%		52,411		21.73	to	18.21		1,030,607		3.07	%		9.44	%	to	8.35	%
2018		0.00	%	to	1.00	%		56,401		19.85	to	16.80		1,020,724		3.28	%		-0.59	%	to	-1.59	%
2017		0.00	%	to	1.00	%		61,307		19.97	to	17.08		1,117,231		3.34	%		4.04	%	to	3.00	%
Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares (FVU2)
2021		0.50	%	to	0.80	%		7,832		12.88	to	12.75		100,862		1.73	%		17.92	%	to	17.57	%
2020		0.50	%	to	0.80	%		7,410		10.92	to	10.84		80,927		2.50	%		0.43	%	to	0.13	%
2019		0.50	%	to	0.80	%		5,959		10.88	to	10.83		64,793		2.01	%		19.63	%	to	19.27	%
2018		0.50	%	to	0.80	%		5,622		9.09	to	9.08		51,110		0.00	%		-9.09	%	to	-9.19	%****
Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class (FAMP)
2021		0.00	%	to	1.00	%		251,612		53.88	to	25.65		13,034,041		1.62	%		9.92	%	to	8.83	%
2020		0.00	%	to	1.00	%		186,706		49.02	to	23.57		10,841,616		1.50	%		14.87	%	to	13.73	%
2019		0.00	%	to	1.00	%		209,936		42.68	to	20.73		10,221,231		1.77	%		18.25	%	to	17.07	%
2018		0.00	%	to	1.00	%		224,776		36.09	to	17.71		9,333,955		1.64	%		-5.35	%	to	-6.30	%
2017		0.00	%	to	1.00	%		250,426		38.13	to	18.90		10,927,217		1.86	%		14.10	%	to	12.97	%
Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class (FCS)
2021		0.50	%	to	0.80	%		94,784		18.27	to	18.13		1,731,464		0.04	%		27.07	%	to	26.69	%
2020		0.50	%	to	0.80	%		74,520		14.38	to	14.31		1,071,307		0.14	%		29.78	%	to	29.39	%
2019		0.50	%	to	0.80	%		2,386		11.08	to	11.06		26,431		0.21	%		10.79	%	to	10.57	%****
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)
2021		0.00	%	to	1.00	%		316,423		74.55	to	35.24		44,050,491		1.88	%		24.89	%	to	23.65	%
2020		0.00	%	to	1.00	%		360,367		59.69	to	28.50		38,760,705		1.83	%		6.69	%	to	5.63	%
2019		0.00	%	to	1.00	%		390,019		55.95	to	26.98		38,852,436		2.01	%		27.44	%	to	26.18	%
2018		0.00	%	to	1.00	%		417,741		43.90	to	21.38		32,915,190		2.21	%		-8.29	%	to	-9.21	%
2017		0.00	%	to	1.00	%		466,480		47.87	to	23.55		39,887,139		1.68	%		12.89	%	to	11.77	%
Fidelity Variable Insurance Products - Emerging Markets Portfolio - Service Class (FEMS)
2021		0.50	%	to	0.80	%		29,407		13.55	to	13.41		398,598		2.09	%		-2.77	%	to	-3.06	%
2020		0.50	%	to	0.80	%		23,496		13.94	to	13.83		327,548		0.96	%		30.52	%	to	30.13	%
2019		0.50	%	to	0.80	%		18,993		10.68	to	10.63		202,855		1.62	%		28.66	%	to	28.27	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2018		0.50	%	to	0.80	%		15,018		8.30	to	8.29		124,677		0.99	%		-16.98	%	to	-17.15	%****
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class (FF10S)
2021		0.50	%	to	0.80	%		17,803		25.70	to	24.45		457,106		1.06	%		5.26	%	to	4.95	%
2020		0.50	%	to	0.80	%		18,901		24.42	to	23.30		460,195		1.25	%		11.83	%	to	11.50	%
2019		0.50	%	to	0.80	%		18,832		21.83	to	20.89		410,033		2.01	%		15.42	%	to	15.07	%
2018		0.50	%	to	0.80	%		20,411		18.92	to	18.16		385,171		1.53	%		-4.59	%	to	-4.87	%
2017		0.50	%	to	0.80	%		21,611		19.83	to	19.09		427,518		1.44	%		12.43	%	to	12.09	%
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class (FF20S)
2021		0.00	%	to	0.80	%		39,348		32.24	to	28.22		1,162,555		0.98	%		9.47	%	to	8.60	%
2020		0.00	%	to	0.80	%		41,470		29.45	to	25.98		1,124,341		1.16	%		14.92	%	to	14.00	%
2019		0.00	%	to	0.80	%		47,862		25.63	to	22.79		1,138,515		2.03	%		20.01	%	to	19.05	%
2018		0.00	%	to	0.80	%		53,908		21.36	to	19.15		1,073,818		1.24	%		-5.98	%	to	-6.73	%
2017		0.00	%	to	0.80	%		69,681		22.72	to	20.53		1,483,298		1.40	%		16.47	%	to	15.55	%
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class (FF30S)
2021		0.00	%	to	0.80	%		65,924		37.10	to	32.47		2,242,038		1.28	%		12.24	%	to	11.35	%
2020		0.00	%	to	0.80	%		49,877		33.05	to	29.16		1,514,647		1.17	%		16.76	%	to	15.83	%
2019		0.00	%	to	0.80	%		49,805		28.31	to	25.18		1,303,811		1.81	%		24.37	%	to	23.38	%
2018		0.00	%	to	0.80	%		53,527		22.76	to	20.40		1,133,726		1.22	%		-7.88	%	to	-8.62	%
2017		0.00	%	to	0.80	%		59,078		24.71	to	22.33		1,363,847		1.31	%		20.82	%	to	19.86	%
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class (FGP)
2021		0.00	%	to	1.00	%		488,388		127.21	to	40.97		115,555,345		0.00	%		23.21	%	to	21.99	%
2020		0.00	%	to	1.30	%		542,351		103.25	to	172.01		102,416,203		0.07	%		43.89	%	to	42.04	%
2019		0.00	%	to	1.30	%		691,597		71.75	to	121.10		79,192,941		0.26	%		34.31	%	to	32.58	%
2018		0.00	%	to	1.30	%		692,945		53.42	to	91.34		62,516,565		0.24	%		-0.17	%	to	-1.47	%
2017		0.00	%	to	1.30	%		755,698		53.51	to	92.70		68,542,895		0.22	%		35.13	%	to	33.39	%
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class (FHIP)
2021		0.00	%	to	1.00	%		126,707		33.76	to	22.92		7,295,909		5.33	%		4.41	%	to	3.37	%
2020		0.00	%	to	1.00	%		132,097		32.33	to	22.17		7,322,290		5.01	%		2.75	%	to	1.72	%
2019		0.00	%	to	1.00	%		141,469		31.47	to	21.79		7,595,846		5.15	%		15.11	%	to	13.96	%
2018		0.00	%	to	1.00	%		149,247		27.34	to	19.12		7,020,295		5.40	%		-3.29	%	to	-4.25	%
2017		0.00	%	to	1.00	%		185,066		28.26	to	19.97		8,410,523		5.07	%		6.93	%	to	5.87	%
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class (FIGBS)
2021		0.00	%	to	0.80	%		130,864		21.41	to	18.44		2,582,359		1.97	%		-0.72	%	to	-1.51	%
2020		0.00	%	to	0.80	%		137,001		21.56	to	18.72		2,732,831		2.22	%		9.25	%	to	8.38	%
2019		0.00	%	to	0.80	%		120,310		19.74	to	17.27		2,209,131		2.65	%		9.58	%	to	8.71	%
2018		0.00	%	to	0.80	%		120,824		18.01	to	15.89		2,032,129		2.41	%		-0.63	%	to	-1.43	%
2017		0.00	%	to	0.80	%		124,747		18.13	to	16.12		2,118,770		2.35	%		4.16	%	to	3.33	%
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class (FMCS)
2021		0.00	%	to	0.80	%		88,946		90.63	to	78.06		7,360,999		0.51	%		25.51	%	to	24.51	%
2020		0.00	%	to	0.80	%		94,515		72.21	to	62.69		6,255,516		0.56	%		18.04	%	to	17.10	%
2019		0.00	%	to	0.80	%		104,795		61.18	to	53.54		5,901,648		0.79	%		23.35	%	to	22.37	%
2018		0.00	%	to	0.80	%		119,729		49.60	to	43.75		5,491,090		0.55	%		-14.64	%	to	-15.32	%
2017		0.00	%	to	0.80	%		131,865		58.10	to	51.67		7,125,231		0.61	%		20.70	%	to	19.74	%
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 (FNRS2)
2021		0.00	%	to	0.80	%		74,766		17.48	to	15.30		1,207,423		2.19	%		54.83	%	to	53.60	%
2020		0.00	%	to	0.80	%		64,509		11.29	to	9.96		675,050		2.59	%		-32.88	%	to	-33.42	%
2019		0.00	%	to	0.80	%		65,125		16.82	to	14.96		1,019,156		1.74	%		9.82	%	to	8.95	%
2018		0.00	%	to	0.80	%		71,950		15.32	to	13.73		1,029,082		0.69	%		-24.77	%	to	-25.37	%
2017		0.00	%	to	0.80	%		73,490		20.36	to	18.39		1,402,787		1.35	%		-2.78	%	to	-3.55	%
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class (FOP)
2021		0.00	%	to	1.00	%		90,173		48.67	to	23.35		4,976,613		0.52	%		19.70	%	to	18.51	%
2020		0.00	%	to	1.00	%		105,502		40.66	to	19.71		4,748,629		0.44	%		15.61	%	to	14.46	%
2019		0.00	%	to	1.00	%		113,238		35.17	to	17.22		4,462,671		1.72	%		27.77	%	to	26.49	%
2018		0.00	%	to	1.00	%		125,498		27.53	to	13.61		3,824,361		1.47	%		-14.81	%	to	-15.66	%
2017		0.00	%	to	1.00	%		148,395		32.31	to	16.14		5,238,100		1.41	%		30.28	%	to	28.99	%
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class (FOS)
2021		0.00	%	to	0.80	%		327,130		17.52	to	16.61		5,535,686		0.44	%		19.57	%	to	18.62	%
2020		0.00	%	to	0.80	%		343,121		14.65	to	14.00		4,878,974		0.36	%		15.49	%	to	14.57	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2019		0.00	%	to	0.80	%		347,031		12.68	to	12.22		4,294,084		1.71	%		27.67	%	to	26.66	%
2018		0.00	%	to	0.80	%		336,116		9.93	to	9.65		3,274,448		1.45	%		-14.88	%	to	-15.57	%
2017		0.00	%	to	0.80	%		362,521		11.67	to	11.43		4,171,244		1.34	%		30.10	%	to	29.07	%
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class (FRESS)
2021		0.50	%	to	0.80	%		6,143		15.05	to	14.84		92,275		0.99	%		38.17	%	to	37.75	%
2020		0.50	%	to	0.80	%		6,354		10.89	to	10.77		69,169		2.96	%		-7.07	%	to	-7.35	%
2019		0.50	%	to	0.80	%		4,895		11.72	to	11.63		57,303		3.44	%		22.47	%	to	22.10	%
2018		0.50	%					1,385		9.57				13,252		3.54	%		-6.78	%
2017		0.50	%					1,224		10.26				12,563		1.65	%		2.64	%			****
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class (FVSS)
2021		0.00	%	to	1.00	%		26,130		54.02	to	44.37		1,253,027		1.49	%		33.48	%	to	32.15	%
2020		0.00	%	to	1.00	%		22,769		40.47	to	33.58		823,207		1.24	%		8.18	%	to	7.10	%
2019		0.00	%	to	1.00	%		20,422		37.41	to	31.35		688,068		1.58	%		34.29	%	to	32.96	%
2018		0.00	%	to	1.00	%		21,138		27.86	to	23.58		533,154		0.86	%		-17.33	%	to	-18.16	%
2017		0.00	%	to	1.00	%		28,520		33.70	to	28.81		890,352		1.40	%		19.21	%	to	18.03	%
Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 (FTVDM2)
2021		0.00	%	to	0.80	%		36,257		14.73	to	13.85		514,525		0.88	%		-5.74	%	to	-6.49	%
2020		0.00	%	to	0.80	%		37,053		15.63	to	14.82		560,461		4.04	%		17.18	%	to	16.25	%
2019		0.00	%	to	0.80	%		55,113		13.34	to	12.74		714,807		1.03	%		26.70	%	to	25.69	%
2018		0.00	%	to	0.80	%		60,005		10.53	to	10.14		617,248		0.81	%		-15.79	%	to	-16.47	%
2017		0.00	%	to	0.80	%		88,911		12.50	to	12.14		1,091,614		0.98	%		40.41	%	to	39.29	%
Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)
2021		0.50	%	to	0.80	%		10,730		20.73	to	19.90		221,765		1.72	%		11.13	%	to	10.79	%
2020		0.50	%	to	0.80	%		11,163		18.65	to	17.96		207,223		1.45	%		11.19	%	to	10.85	%
2019		0.00	%	to	0.80	%		12,621		17.79	to	16.20		211,274		3.58	%		19.86	%	to	18.90	%
2018		0.00	%	to	0.80	%		13,925		14.84	to	13.62		195,650		2.88	%		-9.65	%	to	-10.37	%
2017		0.00	%	to	0.80	%		19,685		16.42	to	15.20		308,731		2.66	%		11.98	%	to	11.09	%
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 (FTVGI2)
2021		0.00	%	to	0.80	%		122,131		9.48	to	8.91		1,117,540		0.00	%		-4.99	%	to	-5.75	%
2020		0.00	%	to	0.80	%		120,198		9.97	to	9.46		1,162,446		8.56	%		-5.28	%	to	-6.04	%
2019		0.00	%	to	0.80	%		173,186		10.53	to	10.06		1,774,820		7.25	%		2.01	%	to	1.20	%
2018		0.00	%	to	0.80	%		197,270		10.32	to	9.94		1,992,180		0.00	%		1.94	%	to	1.12	%
2017		0.00	%	to	0.80	%		209,021		10.13	to	9.83		2,081,175		0.00	%		1.93	%	to	1.12	%
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 (FTVIS2)
2021		0.00	%	to	0.80	%		56,464		26.10	to	23.02		1,362,696		4.67	%		16.75	%	to	15.82	%
2020		0.00	%	to	0.80	%		60,300		22.35	to	19.88		1,251,363		6.02	%		0.69	%	to	-0.11	%
2019		0.00	%	to	0.80	%		66,232		22.20	to	19.90		1,374,053		5.42	%		16.06	%	to	15.13	%
2018		0.00	%	to	0.80	%		68,998		19.13	to	17.28		1,239,061		4.82	%		-4.30	%	to	-5.07	%
2017		0.00	%	to	0.80	%		80,926		19.99	to	18.21		1,530,849		4.10	%		9.67	%	to	8.80	%
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 1 (FTVRDI)
2021		0.00	%					5,919		70.71				418,522		1.20	%		27.10	%
2020		0.00	%	to	0.80	%		86,192		55.63	to	48.30		4,414,007		1.49	%		16.23	%	to	15.30	%
2019		0.00	%	to	0.80	%		98,970		47.86	to	41.89		4,383,042		1.46	%		29.58	%	to	28.55	%
2018		0.00	%	to	0.80	%		112,291		36.94	to	32.59		3,853,727		1.44	%		-4.84	%	to	-5.60	%
2017		0.00	%	to	0.80	%		122,690		38.82	to	34.52		4,441,962		1.73	%		20.85	%	to	19.89	%
Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 1 (FTVSVI)
2021		0.00	%	to	0.80	%		45,870		72.01	to	62.02		3,018,550		1.13	%		25.67	%	to	24.67	%
2020		0.00	%	to	0.80	%		45,146		57.30	to	49.75		2,373,580		1.72	%		5.41	%	to	4.57	%
2019		0.00	%	to	0.80	%		46,596		54.36	to	47.57		2,334,779		1.30	%		26.72	%	to	25.72	%
2018		0.00	%	to	0.80	%		56,071		42.90	to	37.84		2,227,020		1.13	%		-12.69	%	to	-13.39	%
2017		0.00	%	to	0.80	%		61,407		49.13	to	43.69		2,806,943		0.72	%		10.92	%	to	10.03	%
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 1 (TIF)
2021		0.00	%	to	0.80	%		1,513		29.80	to	25.66		41,383		2.02	%		4.44	%	to	3.60	%
2020		0.00	%	to	0.80	%		1,555		28.53	to	24.77		40,880		3.59	%		-0.92	%	to	-1.71	%
2019		0.00	%	to	0.80	%		1,613		28.80	to	25.20		43,011		2.05	%		12.84	%	to	11.94	%
2018		0.00	%	to	0.80	%		2,128		25.52	to	22.51		50,444		2.91	%		-15.27	%	to	-15.95	%
2017		0.00	%	to	0.80	%		2,267		30.12	to	26.78		63,707		2.88	%		17.02	%	to	16.09	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 (TIF2)
2021		0.00	%	to	0.80	%		49,423		10.01	to	9.41		478,718		1.83	%		4.16	%	to	3.33	%
2020		0.00	%	to	0.80	%		55,282		9.61	to	9.11		515,859		3.33	%		-1.16	%	to	-1.95	%
2019		0.00	%	to	0.80	%		79,633		9.72	to	9.29		754,210		1.88	%		12.53	%	to	11.63	%
2018		0.00	%	to	0.80	%		123,707		8.64	to	8.32		1,045,051		2.76	%		-15.44	%	to	-16.12	%
2017		0.00	%	to	0.80	%		109,184		10.22	to	9.92		1,096,058		2.60	%		16.69	%	to	15.77	%
Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares (GVGMNS)
2021		0.50	%					3,546		16.70				59,213		0.00	%		15.59	%
2020		0.50	%	to	0.80	%		2,962		14.45	to	14.08		42,549		0.28	%		3.59	%	to	3.28	%
2019		0.50	%	to	0.80	%		3,068		13.94	to	13.63		42,547		1.48	%		11.38	%	to	11.04	%
2018		0.50	%	to	0.80	%		3,125		12.52	to	12.27		38,931		0.66	%		-4.82	%	to	-5.10	%
2017		0.50	%	to	0.80	%		3,190		13.15	to	12.93		41,788		0.80	%		12.55	%	to	12.21	%
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)
2021		0.50	%					626		11.34				7,100		1.22	%		4.31	%
2020		0.50	%					625		10.87				6,796		2.91	%		6.19	%
Guggenheim Variable Fund - Multi-Hedge Strategies (RVARS)
2021		0.50	%	to	0.80	%		6,620		12.18	to	11.87		80,572		0.00	%		7.57	%	to	7.24	%
2020		0.50	%	to	0.80	%		5,688		11.33	to	11.07		64,352		1.34	%		6.85	%	to	6.53	%
2019		0.50	%	to	0.80	%		6,699		10.60	to	10.39		70,946		2.23	%		4.49	%	to	4.18	%
2018		0.50	%	to	0.80	%		5,241		10.14	to	9.97		53,117		0.00	%		-5.55	%	to	-5.84	%
2017		0.50	%	to	0.80	%		13,139		10.74	to	10.59		141,056		0.00	%		3.16	%	to	2.85	%
Invesco - Invesco V.I. American Franchise Fund: Series I Shares (ACEG)
2021		0.00	%	to	0.80	%		7,506		42.55	to	39.38		308,316		0.00	%		11.93	%	to	11.03	%
2020		0.00	%	to	0.80	%		11,929		38.01	to	35.47		437,403		0.08	%		42.35	%	to	41.22	%
2019		0.00	%	to	0.80	%		9,418		26.70	to	25.11		243,820		0.00	%		36.76	%	to	35.67	%
2018		0.00	%	to	0.80	%		10,144		19.53	to	18.51		192,604		0.00	%		-3.62	%	to	-4.40	%
2017		0.00	%	to	0.80	%		5,178		20.26	to	19.36		103,592		0.14	%		27.34	%	to	26.33	%
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I Shares (AVMCCI)
2021		0.50	%	to	0.80	%		1,757		24.12	to	23.43		42,239		0.46	%		22.63	%	to	22.26	%
2020		0.50	%	to	0.80	%		1,724		19.67	to	19.17		33,786		0.96	%		8.70	%	to	8.38	%
2019		0.50	%	to	0.80	%		130		18.10	to	17.68		2,316		0.50	%		24.65	%	to	24.28	%
2018		0.50	%	to	0.80	%		139		14.52	to	14.23		1,992		0.07	%		-11.80	%	to	-12.06	%
2017		0.50	%	to	0.80	%		1,815		16.46	to	16.18		29,862		0.91	%		14.35	%	to	14.01	%
Invesco Variable Insurance Funds - Invesco V.I. Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
2021		0.50	%	to	0.80	%		25,164		15.23	to	14.89		383,299		3.19	%		9.00	%	to	8.67	%
2020		0.50	%	to	0.80	%		25,632		13.98	to	13.70		358,140		8.11	%		9.68	%	to	9.35	%
2019		0.50	%	to	0.80	%		25,929		12.74	to	12.53		330,162		0.00	%		14.63	%	to	14.29	%
2018		0.50	%	to	0.80	%		26,687		11.12	to	10.96		296,454		2.31	%		-6.93	%	to	-7.21	%
2017		0.50	%	to	0.80	%		12,123		11.94	to	11.81		144,625		3.66	%		9.61	%	to	9.28	%
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series I (OVAG)
2021		0.00	%	to	1.00	%		112,976		32.27	to	23.00		3,094,493		0.00	%		19.10	%	to	17.91	%
2020		0.00	%	to	1.00	%		122,828		27.10	to	19.51		2,837,052		0.03	%		40.69	%	to	39.29	%
2019		0.00	%	to	1.00	%		85,026		19.26	to	14.01		1,424,032		0.00	%		39.36	%	to	37.98	%
2018		0.00	%	to	1.00	%		93,540		13.82	to	10.15		1,138,703		0.00	%		-6.08	%	to	-7.02	%
2017		0.00	%	to	1.00	%		91,278		14.71	to	10.92		1,186,405		0.03	%		28.79	%	to	27.51	%
Invesco - Invesco V.I. Core Bond Fund: Series I (OVB)
2021		0.00	%	to	1.00	%		155,391		23.54	to	14.99		3,586,287		2.10	%		-1.65	%	to	-2.63	%
2020		0.00	%	to	1.00	%		160,414		23.94	to	15.39		3,792,250		3.07	%		9.71	%	to	8.62	%
2019		0.00	%	to	1.00	%		117,060		21.82	to	14.17		2,974,342		3.32	%		9.53	%	to	8.44	%
2018		0.00	%	to	1.00	%		118,667		19.92	to	13.07		2,824,062		3.36	%		-1.02	%	to	-2.01	%
2017		0.00	%	to	1.00	%		132,233		20.13	to	13.34		3,124,196		2.42	%		4.59	%	to	3.55	%
Invesco - Invesco V.I. Main Street Fund: Series I (OVGI)
2020		0.00	%	to	1.00	%		33,220		34.06	to	27.68		1,031,634		1.42	%		13.94	%	to	12.81	%
2019		0.00	%	to	1.00	%		45,429		29.89	to	24.54		1,239,435		1.11	%		32.08	%	to	30.77	%
2018		0.00	%	to	1.00	%		53,848		22.63	to	18.77		1,115,884		1.17	%		-7.89	%	to	-8.81	%
2017		0.00	%	to	1.00	%		72,191		24.57	to	20.58		1,652,637		1.21	%		16.91	%	to	15.75	%
Invesco - Invesco V.I. Global Fund: Series I (OVGS)
2021		0.00	%	to	1.00	%		199,554		141.68	to	43.86		27,193,716		0.00	%		15.49	%	to	14.34	%
2020		0.00	%	to	1.00	%		218,105		122.68	to	38.36		25,860,518		0.70	%		27.64	%	to	26.37	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2019		0.00	%	to	1.00	%		236,817		96.12	to	30.35		22,159,620		0.90	%		31.79	%	to	30.48	%
2018		0.00	%	to	1.00	%		264,280		72.93	to	23.26		18,752,400		1.00	%		-13.18	%	to	-14.05	%
2017		0.00	%	to	1.00	%		290,466		84.00	to	27.07		24,050,959		0.93	%		36.66	%	to	35.31	%
Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)
2021		0.50	%	to	0.80	%		21,399		15.54	to	15.19		332,540		0.00	%		9.67	%	to	9.34	%
2020		0.50	%	to	0.80	%		24,708		14.17	to	13.89		349,834		0.88	%		20.90	%	to	20.53	%
2019		0.50	%	to	0.80	%		18,080		11.72	to	11.52		211,792		1.02	%		27.96	%	to	27.58	%
2018		0.50	%	to	0.80	%		22,342		9.16	to	9.03		204,562		0.90	%		-19.82	%	to	-20.06	%
2017		0.50	%	to	0.80	%		18,772		11.43	to	11.30		214,379		1.84	%		25.66	%	to	25.29	%
Invesco - Invesco V.I. Conservative Balanced Fund: Series I (OVMS)
2021		0.00	%	to	1.00	%		96,127		43.42	to	21.46		5,497,172		1.47	%		10.63	%	to	9.53	%
2020		0.00	%	to	1.30	%		108,134		39.25	to	49.12		5,501,163		2.11	%		14.86	%	to	13.37	%
2019		0.00	%	to	1.30	%		114,742		34.17	to	43.32		5,066,362		2.24	%		17.51	%	to	16.00	%
2018		0.00	%	to	1.30	%		122,805		29.08	to	37.35		4,653,232		1.98	%		-5.32	%	to	-6.55	%
2017		0.00	%	to	1.00	%		132,312		30.71	to	15.80		5,283,507		1.97	%		9.25	%	to	8.17	%
Invesco - Invesco V.I. Global Strategic Income Fund: Series I (OVSB)
2021		0.00	%	to	0.80	%		15,026		12.24	to	11.37		176,247		4.81	%		-3.41	%	to	-4.18	%
2020		0.00	%	to	0.80	%		14,219		12.67	to	11.87		173,421		5.82	%		3.40	%	to	2.58	%
2019		0.00	%	to	0.80	%		15,689		12.25	to	11.57		186,600		3.80	%		10.80	%	to	9.92	%
2018		0.00	%	to	0.80	%		16,659		11.06	to	10.53		179,465		5.67	%		-4.40	%	to	-5.16	%
2017		0.00	%	to	0.80	%		23,200		11.57	to	11.10		262,223		2.19	%		6.27	%	to	5.43	%
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I (OVSC)
2021		0.00	%	to	0.80	%		15,891		83.82	to	72.19		1,215,479		0.37	%		22.55	%	to	21.58	%
2020		0.00	%	to	0.80	%		16,144		68.39	to	59.38		1,009,832		0.61	%		19.93	%	to	18.97	%
2019		0.00	%	to	0.80	%		20,008		57.03	to	49.91		1,048,740		0.21	%		26.47	%	to	25.46	%
2018		0.00	%	to	0.80	%		22,444		45.09	to	39.78		934,528		0.30	%		-10.32	%	to	-11.04	%
2017		0.00	%	to	0.80	%		26,975		50.28	to	44.72		1,269,227		0.77	%		14.16	%	to	13.25	%
Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II (WRASP)
2021		0.00	%	to	0.80	%		45,591		26.08	to	23.56		1,110,714		1.60	%		10.44	%	to	9.56	%
2020		0.00	%	to	0.80	%		47,675		23.61	to	21.51		1,056,409		2.06	%		13.88	%	to	12.97	%
2019		0.00	%	to	0.80	%		63,120		20.73	to	19.04		1,236,186		1.98	%		21.78	%	to	20.81	%
2018		0.00	%	to	0.80	%		72,688		17.03	to	15.76		1,178,222		1.70	%		-5.44	%	to	-6.20	%
2017		0.00	%	to	0.80	%		94,497		18.00	to	16.80		1,627,345		1.49	%		18.27	%	to	17.33	%
Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II (WRHIP)
2021		0.50	%	to	0.80	%		30,323		16.60	to	16.13		502,575		6.05	%		5.53	%	to	5.22	%
2020		0.50	%	to	0.80	%		31,725		15.73	to	15.33		498,059		7.52	%		5.50	%	to	5.18	%
2019		0.50	%	to	0.80	%		32,369		14.91	to	14.57		481,667		8.39	%		10.64	%	to	10.31	%
2018		0.50	%	to	0.80	%		76,352		13.48	to	13.21		1,028,174		6.65	%		-2.61	%	to	-2.90	%
2017		0.50	%	to	0.80	%		45,132		13.84	to	13.61		623,617		5.12	%		6.15	%	to	5.83	%
Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II (WRMCG)
2021		0.50	%	to	0.80	%		26,394		41.13	to	39.96		1,084,113		0.00	%		15.77	%	to	15.43	%
2020		0.50	%	to	0.80	%		28,209		35.53	to	34.61		1,000,340		0.00	%		48.26	%	to	47.82	%
2019		0.50	%	to	0.80	%		22,022		23.96	to	23.42		526,408		0.00	%		37.25	%	to	36.84	%
2018		0.50	%	to	0.80	%		26,805		17.46	to	17.11		467,039		0.00	%		-0.56	%	to	-0.86	%
2017		0.50	%	to	0.80	%		23,964		17.56	to	17.26		420,337		0.00	%		26.26	%	to	25.89	%
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares (JABS)
2021		0.00	%	to	0.80	%		54,321		53.88	to	46.41		2,666,637		0.70	%		16.91	%	to	15.98	%
2020		0.00	%	to	0.80	%		53,935		46.09	to	40.01		2,288,378		1.52	%		14.03	%	to	13.12	%
2019		0.00	%	to	0.80	%		50,033		40.42	to	35.37		1,869,605		1.73	%		22.27	%	to	21.30	%
2018		0.00	%	to	0.80	%		84,460		33.05	to	29.16		2,590,024		1.65	%		0.43	%	to	-0.37	%
2017		0.00	%	to	0.80	%		51,867		32.91	to	29.27		1,600,886		1.35	%		18.13	%	to	17.20	%
Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares (JACAS)
2021		0.00	%	to	1.00	%		125,075		61.89	to	52.04		7,004,050		0.00	%		22.60	%	to	21.38	%
2020		0.00	%	to	1.00	%		136,791		50.48	to	42.87		6,282,469		0.17	%		39.03	%	to	37.65	%
2019		0.00	%	to	1.00	%		148,037		36.31	to	31.14		4,911,284		0.02	%		36.85	%	to	35.49	%
2018		0.00	%	to	1.00	%		163,732		26.53	to	22.99		3,981,773		1.24	%		1.72	%	to	0.70	%
2017		0.00	%	to	1.00	%		182,867		26.08	to	22.83		4,402,317		0.00	%		29.99	%	to	28.71	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares (JAEI)
2021		0.50	%	to	0.80	%		15,706		21.38	to	21.09		335,755		0.32	%		16.25	%	to	15.90	%
2020		0.50	%	to	0.80	%		19,633		18.39	to	18.19		360,997		0.07	%		18.88	%	to	18.52	%
2019		0.50	%	to	0.80	%		20,863		15.47	to	15.35		322,667		0.20	%		34.81	%	to	34.41	%
2018		0.50	%	to	0.80	%		19,897		11.48	to	11.42		228,314		0.20	%		-0.91	%	to	-1.21	%
2017		0.50	%	to	0.80	%		28,276		11.58	to	11.56		327,515		0.10	%		15.84	%	to	15.61	%****
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares (JAGTS)
2021		0.00	%	to	1.00	%		172,644		42.70	to	36.04		6,638,846		0.11	%		17.75	%	to	16.57	%
2020		0.00	%	to	1.00	%		189,428		36.26	to	30.92		6,229,070		0.00	%		50.73	%	to	49.23	%
2019		0.00	%	to	1.00	%		237,118		24.06	to	20.72		5,231,848		0.41	%		44.82	%	to	43.38	%
2018		0.00	%	to	1.00	%		231,044		16.61	to	14.45		3,535,400		1.11	%		0.91	%	to	-0.10	%
2017		0.00	%	to	1.00	%		232,997		16.46	to	14.46		3,543,074		0.46	%		44.91	%	to	43.48	%
Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares (JAIGS)
2021		0.00	%	to	1.00	%		144,981		23.13	to	20.48		3,021,901		1.03	%		13.29	%	to	12.16	%
2020		0.00	%	to	1.00	%		147,441		20.42	to	18.26		2,718,641		1.22	%		16.02	%	to	14.87	%
2019		0.00	%	to	1.00	%		154,193		17.60	to	15.90		2,460,380		1.84	%		26.71	%	to	25.45	%
2018		0.00	%	to	1.00	%		162,736		13.89	to	12.67		2,059,773		1.70	%		-15.14	%	to	-15.99	%
2017		0.00	%	to	1.00	%		225,055		16.37	to	15.09		3,384,935		1.63	%		30.80	%	to	29.51	%
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC (LOVTRC)
2021		0.50	%	to	0.80	%		17,601		11.68	to	11.48		205,453		1.95	%		-0.74	%	to	-1.04	%
2020		0.50	%	to	0.80	%		14,523		11.77	to	11.60		170,790		2.35	%		6.89	%	to	6.57	%
2019		0.50	%	to	0.80	%		15,363		11.01	to	10.89		169,036		2.63	%		7.87	%	to	7.55	%
2018		0.50	%	to	0.80	%		15,033		10.21	to	10.12		153,359		3.39	%		-1.52	%	to	-1.82	%
2017		0.50	%	to	0.80	%		118,292		10.36	to	10.31		1,225,894		2.50	%		3.35	%	to	3.04	%
MFS(R) Variable Insurance Trust - MFS New Discovery Series: Initial Class (MNDIC)
2021		0.50	%	to	0.80	%		19,804		36.32	to	35.28		718,830		0.00	%		1.29	%	to	0.99	%
2020		0.50	%	to	0.80	%		22,300		35.85	to	34.93		798,296		0.00	%		45.16	%	to	44.73	%
2019		0.50	%	to	0.80	%		14,108		24.70	to	24.14		347,577		0.00	%		40.99	%	to	40.57	%
2018		0.50	%	to	0.80	%		10,971		17.52	to	17.17		191,599		0.00	%		-1.97	%	to	-2.27	%
2017		0.50	%	to	0.80	%		6,868		17.87	to	17.57		122,166		0.00	%		26.03	%	to	25.65	%
MFS(R) Variable Insurance Trust II - MFS Massachusetts Investors Growth Stock Portfolio: Initial Class (MV2IGI)
2021		0.00	%	to	0.80	%		15,652		29.25	to	27.71		449,396		0.25	%		25.97	%	to	24.97	%
2020		0.00	%	to	0.80	%		15,971		23.22	to	22.17		364,983		0.46	%		22.53	%	to	21.55	%
2019		0.00	%	to	0.80	%		23,834		18.95	to	18.24		445,089		0.62	%		39.95	%	to	38.84	%
2018		0.00	%	to	0.80	%		12,541		13.54	to	13.14		166,510		0.50	%		0.81	%	to	0.00	%
2017		0.00	%	to	0.80	%		15,791		13.43	to	13.14		209,109		0.62	%		28.42	%	to	27.41	%
MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)
2021		0.50	%					10,573		17.89				189,201		0.82	%		30.33	%			****
MFS(R) Variable Insurance Trust - MFS Value Series: Initial Class (MVFIC)
2021		0.00	%	to	0.80	%		62,829		64.23	to	55.32		3,705,166		1.33	%		25.45	%	to	24.45	%
2020		0.00	%	to	0.80	%		69,661		51.20	to	44.45		3,285,059		1.57	%		3.48	%	to	2.65	%
2019		0.00	%	to	0.80	%		79,839		49.48	to	43.30		3,662,631		2.14	%		29.80	%	to	28.77	%
2018		0.00	%	to	0.80	%		84,027		38.12	to	33.63		2,982,060		1.51	%		-10.09	%	to	-10.81	%
2017		0.00	%	to	0.80	%		92,663		42.40	to	37.70		3,670,156		1.93	%		17.65	%	to	16.72	%
MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC)
2021		0.50	%	to	0.80	%		17,992		13.69	to	13.58		246,333		0.53	%		8.72	%	to	8.40	%
2020		0.50	%	to	0.80	%		11,825		12.59	to	12.53		148,914		1.46	%		15.26	%	to	14.91	%****
Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I (MSEM)
2021		0.00	%	to	1.00	%		13,014		43.40	to	34.79		498,174		5.18	%		-2.02	%	to	-3.00	%
2020		0.00	%	to	1.00	%		13,742		44.30	to	35.87		538,174		4.35	%		5.55	%	to	4.49	%
2019		0.00	%	to	1.00	%		15,880		41.97	to	34.32		592,004		5.41	%		14.25	%	to	13.12	%
2018		0.00	%	to	1.00	%		17,769		36.73	to	30.34		584,539		5.47	%		-6.94	%	to	-7.88	%
2017		0.00	%	to	1.00	%		21,088		39.47	to	32.94		750,900		5.31	%		9.71	%	to	8.62	%
Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I (MSVFI)
2021		0.00	%	to	0.80	%		30,886		21.17	to	18.23		599,990		3.95	%		-0.32	%	to	-1.12	%
2020		0.00	%	to	0.80	%		29,587		21.24	to	18.44		579,360		2.72	%		7.80	%	to	6.94	%
2019		0.00	%	to	0.80	%		16,136		19.70	to	17.24		296,369		4.41	%		10.88	%	to	10.00	%
2018		0.00	%	to	0.80	%		19,713		17.77	to	15.67		327,173		2.50	%		-0.65	%	to	-1.45	%
2017		0.00	%	to	0.80	%		19,226		17.88	to	15.90		322,748		3.14	%		6.24	%	to	5.40	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
Morgan Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I (MSVRE)
2021		0.00	%	to	1.00	%		9,437		120.19	to	54.88		749,954		2.00	%		39.80	%	to	38.41	%
2020		0.00	%	to	1.00	%		12,611		85.97	to	39.65		671,125		2.75	%		-16.85	%	to	-17.68	%
2019		0.00	%	to	1.00	%		13,946		103.40	to	48.16		882,748		1.88	%		18.94	%	to	17.76	%
2018		0.00	%	to	1.00	%		14,887		86.94	to	40.90		812,929		2.76	%		-7.71	%	to	-8.64	%
2017		0.00	%	to	1.00	%		15,331		94.20	to	44.77		928,139		1.65	%		3.11	%	to	2.09	%
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II (DTRTFB)
2021		0.50	%					4,710		11.01				51,839		2.34	%		-0.94	%
2020		0.50	%					1,164		11.11				12,933		2.23	%		3.22	%
2019		0.50	%					1,257		10.76				13,530		2.20	%		6.05	%
2018		0.50	%					204		10.15				2,070		2.69	%		1.49	%			****
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I (EIF)
2021		0.00	%	to	0.80	%		27,616		54.22	to	46.70		1,371,298		1.32	%		20.29	%	to	19.33	%
2020		0.00	%	to	0.80	%		26,048		45.08	to	39.14		1,073,336		1.75	%		3.63	%	to	2.80	%
2019		0.00	%	to	0.80	%		28,410		43.50	to	38.07		1,135,328		2.33	%		27.31	%	to	26.30	%
2018		0.00	%	to	0.80	%		21,230		34.17	to	30.14		668,572		1.75	%		-7.26	%	to	-8.00	%
2017		0.00	%	to	0.80	%		23,350		36.84	to	32.76		797,191		3.06	%		18.00	%	to	17.06	%
Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)
2021		0.00	%	to	1.00	%		113,439		29.28	to	17.74		4,294,993		1.64	%		-2.08	%	to	-3.06	%
2020		0.00	%	to	1.00	%		124,840		29.90	to	18.30		4,754,605		2.05	%		6.08	%	to	5.03	%
2019		0.00	%	to	1.00	%		133,508		28.19	to	17.42		4,786,268		2.28	%		6.27	%	to	5.21	%
2018		0.00	%	to	1.00	%		146,016		26.52	to	16.56		4,897,706		2.17	%		-0.05	%	to	-1.05	%
2017		0.00	%	to	1.00	%		152,318		26.54	to	16.73		5,131,497		2.09	%		2.08	%	to	1.07	%
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)
2021		0.00	%	to	1.00	%		39,779		34.97	to	27.86		1,263,138		0.92	%		-7.28	%	to	-8.20	%
2020		0.00	%	to	1.00	%		41,039		37.72	to	30.34		1,408,030		1.93	%		13.30	%	to	12.17	%
2019		0.00	%	to	1.00	%		49,822		33.29	to	27.05		1,512,962		2.47	%		22.95	%	to	21.72	%
2018		0.00	%	to	1.00	%		50,732		27.08	to	22.22		1,258,035		0.61	%		-17.42	%	to	-18.24	%
2017		0.00	%	to	1.00	%		68,842		32.79	to	27.18		2,073,082		1.36	%		41.50	%	to	40.10	%
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I (GIG)
2021		0.00	%	to	1.00	%		163,271		25.56	to	20.78		3,780,791		2.53	%		12.66	%	to	11.54	%
2020		0.00	%	to	1.00	%		170,262		22.69	to	18.63		3,511,530		1.19	%		7.95	%	to	6.87	%
2019		0.00	%	to	1.00	%		188,940		21.02	to	17.43		3,624,651		2.59	%		19.12	%	to	17.94	%
2018		0.00	%	to	1.00	%		203,895		17.65	to	14.78		3,299,264		2.01	%		-14.53	%	to	-15.39	%
2017		0.00	%	to	1.00	%		215,863		20.65	to	17.47		4,102,288		1.71	%		27.45	%	to	26.19	%
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II (GVAAA2)
2021		0.00	%	to	0.80	%		158,231		30.90	to	27.26		4,523,684		1.09	%		14.71	%	to	13.80	%
2020		0.00	%	to	0.80	%		168,891		26.94	to	23.96		4,230,284		1.50	%		12.00	%	to	11.10	%
2019		0.00	%	to	0.80	%		185,066		24.06	to	21.56		4,159,073		1.65	%		20.78	%	to	19.82	%
2018		0.00	%	to	0.80	%		163,892		19.92	to	18.00		3,065,006		1.19	%		-4.98	%	to	-5.74	%
2017		0.00	%	to	0.80	%		167,513		20.96	to	19.09		3,314,114		1.11	%		15.79	%	to	14.87	%
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (GVABD2)
2021		0.00	%	to	0.80	%		23,988		16.31	to	14.39		360,466		1.96	%		-0.72	%	to	-1.51	%
2020		0.00	%	to	0.80	%		25,959		16.42	to	14.61		394,742		2.09	%		9.21	%	to	8.34	%
2019		0.00	%	to	0.80	%		32,339		15.04	to	13.48		452,882		1.86	%		8.98	%	to	8.11	%
2018		0.00	%	to	0.80	%		34,288		13.80	to	12.47		442,764		2.35	%		-1.07	%	to	-1.87	%
2017		0.00	%	to	0.80	%		36,204		13.95	to	12.71		475,057		1.25	%		3.21	%	to	2.39	%
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (GVAGG2)
2021		0.00	%	to	0.80	%		70,157		44.74	to	39.47		2,911,588		0.00	%		16.00	%	to	15.08	%
2020		0.00	%	to	0.80	%		74,600		38.57	to	34.30		2,677,922		0.64	%		29.93	%	to	28.89	%
2019		0.00	%	to	0.80	%		77,750		29.68	to	26.61		2,156,670		0.66	%		34.78	%	to	33.70	%
2018		0.00	%	to	0.80	%		80,664		22.02	to	19.90		1,667,398		0.23	%		-9.42	%	to	-10.15	%
2017		0.00	%	to	0.80	%		83,933		24.32	to	22.15		1,926,332		0.75	%		30.97	%	to	29.93	%
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (GVAGI2)
2021		0.00	%	to	0.80	%		30,103		35.07	to	31.19		983,351		1.04	%		23.65	%	to	22.66	%
2020		0.00	%	to	0.80	%		32,579		28.37	to	25.43		864,323		1.64	%		13.08	%	to	12.18	%
2019		0.00	%	to	0.80	%		33,175		25.09	to	22.67		781,595		1.32	%		25.67	%	to	24.67	%
2018		0.00	%	to	0.80	%		35,466		19.96	to	18.18		667,703		1.01	%		-2.18	%	to	-2.97	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2017		0.00	%	to	0.80	%		41,029		20.41	to	18.74		793,352		1.43	%		21.93	%	to	20.96	%
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (GVAGR2)
2021		0.00	%	to	0.80	%		79,020		58.80	to	51.87		4,318,400		0.00	%		21.53	%	to	20.57	%
2020		0.00	%	to	0.80	%		81,590		48.38	to	43.02		3,680,981		0.70	%		51.49	%	to	50.29	%
2019		0.00	%	to	0.80	%		90,459		31.93	to	28.63		2,705,011		0.35	%		30.29	%	to	29.25	%
2018		0.00	%	to	0.80	%		92,483		24.51	to	22.15		2,131,372		0.31	%		-0.66	%	to	-1.45	%
2017		0.00	%	to	0.80	%		105,299		24.67	to	22.48		2,453,066		0.32	%		27.80	%	to	26.78	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)
2021		0.00	%	to	1.00	%		166,929		39.86	to	32.66		6,040,159		0.16	%		13.63	%	to	12.50	%
2020		0.00	%	to	1.00	%		177,165		35.08	to	29.03		5,659,980		0.22	%		12.33	%	to	11.21	%
2019		0.00	%	to	1.00	%		191,041		31.23	to	26.10		5,451,045		2.07	%		21.83	%	to	20.62	%
2018		0.00	%	to	1.00	%		203,563		25.64	to	21.64		4,785,512		1.60	%		-7.73	%	to	-8.65	%
2017		0.00	%	to	1.00	%		218,723		27.78	to	23.69		5,613,886		1.65	%		16.68	%	to	15.52	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)
2021		0.00	%	to	1.00	%		21,606		27.73	to	22.72		523,841		0.20	%		6.71	%	to	5.65	%
2020		0.00	%	to	1.00	%		26,517		25.99	to	21.51		613,214		0.13	%		8.55	%	to	7.47	%
2019		0.00	%	to	1.00	%		32,117		23.94	to	20.01		683,603		1.76	%		13.48	%	to	12.35	%
2018		0.00	%	to	1.00	%		50,180		21.10	to	17.81		936,979		1.83	%		-3.73	%	to	-4.69	%
2017		0.00	%	to	1.00	%		55,080		21.91	to	18.69		1,079,258		1.83	%		9.21	%	to	8.13	%
Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)
2021		0.00	%	to	1.00	%		216,554		17.22	to	16.93		7,022,875		2.20	%		28.37	%	to	27.09	%
2020		0.00	%	to	1.00	%		194,819		13.41	to	13.32		5,055,237		1.98	%		34.11	%	to	33.22	%
2019		0.50	%	to	0.80	%		173,247		22.29	to	21.85		3,858,198		2.08	%		30.50	%	to	30.11	%
2018		0.50	%	to	0.80	%		183,733		17.08	to	16.79		3,135,923		1.74	%		-5.10	%	to	-5.38	%
2017		0.50	%	to	0.80	%		176,586		18.00	to	17.75		3,175,911		1.83	%		20.92	%	to	20.56	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)
2021		0.50	%	to	1.00	%		62,680		39.16	to	35.44		2,431,960		0.13	%		14.93	%	to	14.35	%
2020		0.50	%	to	1.00	%		66,189		34.07	to	30.99		2,233,098		0.23	%		12.25	%	to	11.69	%
2019		0.50	%	to	1.00	%		67,619		30.35	to	27.75		2,031,642		1.70	%		23.11	%	to	22.50	%
2018		0.00	%	to	1.00	%		156,581		26.83	to	22.65		4,035,598		1.50	%		-8.85	%	to	-9.77	%
2017		0.00	%	to	1.00	%		168,506		29.44	to	25.10		4,766,931		1.55	%		18.43	%	to	17.25	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)
2021		0.00	%	to	1.00	%		10,553		21.88	to	17.92		209,910		0.24	%		2.75	%	to	1.73	%
2020		0.00	%	to	1.00	%		10,931		21.29	to	17.62		212,406		0.10	%		6.71	%	to	5.65	%
2019		0.00	%	to	1.00	%		13,757		19.95	to	16.68		246,282		2.05	%		9.53	%	to	8.44	%
2018		0.00	%	to	1.00	%		15,456		18.21	to	15.38		251,937		1.95	%		-1.80	%	to	-2.79	%
2017		0.00	%	to	1.00	%		19,082		18.55	to	15.82		318,808		1.81	%		5.68	%	to	4.63	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)
2021		0.00	%	to	1.00	%		90,680		33.49	to	27.44		2,815,479		0.19	%		10.31	%	to	9.22	%
2020		0.00	%	to	1.00	%		104,838		30.36	to	25.12		2,948,078		0.14	%		10.34	%	to	9.25	%
2019		0.00	%	to	1.00	%		122,723		27.51	to	23.00		3,142,367		2.15	%		17.74	%	to	16.57	%
2018		0.00	%	to	1.00	%		138,713		23.36	to	19.73		3,012,037		1.81	%		-5.68	%	to	-6.62	%
2017		0.00	%	to	1.00	%		148,608		24.77	to	21.13		3,435,765		1.70	%		12.93	%	to	11.81	%
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II (GVIX2)
2021		0.00	%	to	0.80	%		60,384		14.34	to	13.49		833,610		2.71	%		10.53	%	to	9.65	%
2020		0.00	%	to	0.80	%		61,991		12.98	to	12.30		778,140		2.41	%		7.34	%	to	6.48	%
2019		0.00	%	to	0.80	%		17,891		12.09	to	11.55		210,263		3.05	%		21.42	%	to	20.45	%
2018		0.00	%	to	0.80	%		20,801		9.96	to	9.59		202,354		2.31	%		-13.90	%	to	-14.59	%
2017		0.00	%	to	0.80	%		43,094		11.57	to	11.23		492,701		2.84	%		24.56	%	to	23.57	%
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I (HIBF)
2021		0.00	%	to	0.80	%		28,295		32.65	to	28.12		853,634		3.93	%		4.96	%	to	4.13	%
2020		0.00	%	to	0.80	%		39,381		31.10	to	27.01		1,132,876		5.54	%		6.02	%	to	5.17	%
2019		0.00	%	to	0.80	%		32,250		29.34	to	25.68		883,435		5.73	%		14.74	%	to	13.83	%
2018		0.00	%	to	0.80	%		32,512		25.57	to	22.56		779,352		5.30	%		-3.00	%	to	-3.78	%
2017		0.00	%	to	0.80	%		42,491		26.36	to	23.44		1,055,829		5.44	%		6.76	%	to	5.91	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class I (IDPG)
2021		0.50	%					23		15.40				354		0.40	%		11.78	%
2020		0.50	%					33		13.77				455		0.11	%		6.06	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2019		0.50	%					45		12.99				584		2.22	%		14.94	%
2018		0.50	%					56		11.30				633		1.90	%		-6.29	%
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I (MCIF)
2021		0.00	%	to	1.00	%		109,885		70.48	to	51.72		6,869,989		1.17	%		24.26	%	to	23.02	%
2020		0.00	%	to	1.00	%		125,839		56.72	to	42.04		6,328,270		1.21	%		13.11	%	to	11.99	%
2019		0.00	%	to	1.00	%		133,763		50.14	to	37.54		5,966,226		1.30	%		25.65	%	to	24.40	%
2018		0.00	%	to	1.00	%		140,419		39.91	to	30.18		5,008,687		1.30	%		-11.38	%	to	-12.27	%
2017		0.00	%	to	1.00	%		164,251		45.03	to	34.40		6,682,167		1.07	%		15.78	%	to	14.63	%
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I (MSBF)
2021		0.00	%	to	1.00	%		38,558		28.45	to	22.45		969,018		5.24	%		5.24	%	to	4.19	%
2020		0.00	%	to	1.00	%		41,052		27.03	to	21.55		987,477		2.88	%		4.06	%	to	3.02	%
2019		0.00	%	to	1.00	%		69,671		25.98	to	20.91		1,614,886		5.38	%		9.17	%	to	8.08	%
2018		0.00	%	to	1.00	%		55,085		23.80	to	19.35		1,169,513		2.79	%		-2.34	%	to	-3.32	%
2017		0.00	%	to	1.00	%		55,882		24.37	to	20.01		1,223,470		4.69	%		6.33	%	to	5.28	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class I (NCPG)
2021		0.50	%	to	0.80	%		613		15.58	to	15.23		9,550		0.00	%		15.14	%	to	14.80	%****
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class I (NCPGI)
2021		0.80	%					6		13.76				83		0.34	%		9.36	%
2020		0.80	%					5		12.58				63		0.69	%		4.48	%
2019		0.80	%					3		12.04				36		3.93	%		13.14	%
2018		0.80	%					1		10.64				11		2.01	%		-7.56	%
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class I (NVAMV1)
2021		0.00	%	to	1.00	%		144,197		48.33	to	42.58		6,553,889		1.23	%		34.53	%	to	33.19	%
2020		0.00	%	to	1.00	%		163,921		35.92	to	31.97		5,558,196		1.63	%		1.49	%	to	0.48	%
2019		0.00	%	to	1.00	%		190,889		35.39	to	31.81		6,407,858		2.62	%		26.95	%	to	25.69	%
2018		0.00	%	to	1.00	%		225,213		27.88	to	25.31		5,979,908		1.40	%		-9.35	%	to	-10.26	%
2017		0.00	%	to	1.00	%		242,343		30.75	to	28.20		7,133,678		1.65	%		8.67	%	to	7.60	%
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class X (NVAMVX)
2021		0.00	%	to	1.00	%		168,203		15.97	to	15.76		2,669,024		1.41	%		34.71	%	to	33.37	%
2020		0.00	%	to	1.00	%		158,052		11.86	to	11.82		1,870,985		1.43	%		18.55	%	to	18.19	%****
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)
2021		0.50	%	to	0.80	%		19,400		11.84	to	11.57		229,625		2.04	%		-2.57	%	to	-2.86	%
2020		0.50	%	to	0.80	%		21,326		12.15	to	11.91		258,968		1.92	%		6.66	%	to	6.34	%
2019		0.50	%	to	0.80	%		39,597		11.39	to	11.20		451,144		2.80	%		7.86	%	to	7.53	%
2018		0.50	%	to	0.80	%		29,469		10.56	to	10.42		311,265		2.64	%		-0.86	%	to	-1.16	%
2017		0.50	%	to	0.80	%		32,038		10.66	to	10.54		341,371		2.31	%		2.61	%	to	2.30	%
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I (NVCBD1)
2021		0.00	%	to	1.00	%		35,198		17.20	to	15.00		558,390		1.76	%		-1.03	%	to	-2.01	%
2020		0.00	%	to	1.00	%		44,198		17.38	to	15.31		701,316		2.57	%		7.01	%	to	5.95	%
2019		0.00	%	to	1.00	%		42,509		16.24	to	14.45		642,020		2.80	%		8.94	%	to	7.86	%
2018		0.00	%	to	1.00	%		46,412		14.91	to	13.40		650,106		3.18	%		-0.42	%	to	-1.42	%
2017		0.00	%	to	1.00	%		40,570		14.97	to	13.59		571,546		3.08	%		4.40	%	to	3.36	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class I (NVCCA1)
2021		0.00	%	to	0.80	%		33,834		24.94	to	22.36		786,428		0.27	%		15.75	%	to	14.83	%
2020		0.00	%	to	0.80	%		35,502		21.55	to	19.47		716,085		0.98	%		11.67	%	to	10.78	%
2019		0.00	%	to	0.80	%		37,666		19.30	to	17.58		683,006		2.98	%		20.22	%	to	19.26	%
2018		0.00	%	to	0.80	%		38,911		16.05	to	14.74		590,018		2.17	%		-8.04	%	to	-8.78	%
2017		0.00	%	to	0.80	%		38,759		17.46	to	16.16		642,465		1.70	%		16.01	%	to	15.09	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class I (NVCCN1)
2021		0.00	%	to	0.80	%		2,619		17.66	to	15.83		42,920		0.08	%		4.49	%	to	3.65	%
2020		0.00	%	to	0.80	%		5,528		16.90	to	15.27		89,855		0.25	%		7.69	%	to	6.83	%
2019		0.00	%	to	0.80	%		4,534		15.69	to	14.29		68,999		2.31	%		10.77	%	to	9.89	%
2018		0.00	%	to	0.80	%		5,932		14.17	to	13.01		81,243		3.73	%		-2.51	%	to	-3.29	%
2017		0.00	%	to	0.80	%		3,451		14.53	to	13.45		47,573		1.80	%		6.35	%	to	5.51	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class I (NVCMA1)
2021		0.50	%	to	0.80	%		29,332		24.34	to	23.36		710,168		0.25	%		17.53	%	to	17.18	%
2020		0.50	%	to	0.80	%		30,052		20.71	to	19.93		617,916		1.03	%		11.80	%	to	11.46	%
2019		0.50	%	to	0.80	%		41,879		18.52	to	17.88		771,966		2.97	%		21.71	%	to	21.35	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2018		0.50	%	to	0.80	%		43,138		15.22	to	14.74		653,476		2.10	%		-9.84	%	to	-10.11	%
2017		0.50	%	to	0.80	%		45,884		16.88	to	16.40		770,712		1.49	%		17.57	%	to	17.22	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class I (NVCMC1)
2021		0.00	%	to	0.80	%		7,438		20.61	to	18.47		143,083		0.25	%		9.23	%	to	8.36	%
2020		0.00	%	to	0.80	%		7,909		18.86	to	17.05		139,289		0.56	%		9.15	%	to	8.28	%
2019		0.00	%	to	0.80	%		8,453		17.28	to	15.74		137,159		2.91	%		14.28	%	to	13.37	%
2018		0.00	%	to	0.80	%		16,805		15.12	to	13.89		240,373		2.21	%		-4.68	%	to	-5.44	%
2017		0.00	%	to	0.80	%		9,549		15.87	to	14.69		145,951		2.03	%		10.08	%	to	9.20	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class I (NVCMD1)
2021		0.00	%	to	0.80	%		53,754		23.50	to	21.07		1,183,468		0.27	%		13.64	%	to	12.73	%
2020		0.00	%	to	0.80	%		55,576		20.68	to	18.69		1,082,623		0.84	%		10.77	%	to	9.89	%
2019		0.00	%	to	0.80	%		59,628		18.67	to	17.00		1,053,180		2.76	%		18.32	%	to	17.38	%
2018		0.00	%	to	0.80	%		67,746		15.78	to	14.49		1,015,136		2.15	%		-7.07	%	to	-7.81	%
2017		0.00	%	to	0.80	%		67,973		16.98	to	15.71		1,100,188		1.86	%		14.05	%	to	13.15	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class I (NVCRA1)
2021		0.50	%	to	0.80	%		12,806		25.28	to	24.27		321,731		0.19	%		19.59	%	to	19.23	%
2020		0.50	%	to	0.80	%		13,489		21.14	to	20.35		281,962		1.06	%		12.18	%	to	11.84	%
2019		0.50	%	to	0.80	%		16,636		18.85	to	18.20		310,810		2.85	%		23.53	%	to	23.16	%
2018		0.50	%	to	0.80	%		18,277		15.26	to	14.78		276,827		1.97	%		-11.17	%	to	-11.44	%
2017		0.50	%	to	0.80	%		16,962		17.18	to	16.68		289,247		1.33	%		19.40	%	to	19.04	%
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class I (NVCRB1)
2021		0.00	%	to	0.80	%		24,646		21.88	to	19.62		503,196		0.26	%		11.12	%	to	10.24	%
2020		0.00	%	to	0.80	%		25,113		19.69	to	17.80		463,425		0.69	%		9.71	%	to	8.84	%
2019		0.00	%	to	0.80	%		26,045		17.95	to	16.35		440,321		2.76	%		16.29	%	to	15.37	%
2018		0.00	%	to	0.80	%		26,870		15.44	to	14.17		392,621		2.30	%		-6.04	%	to	-6.80	%
2017		0.00	%	to	0.80	%		27,823		16.43	to	15.21		434,939		1.69	%		12.01	%	to	11.12	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)
2021		0.00	%	to	0.80	%		17,731		25.65	to	23.18		447,186		0.21	%		8.24	%	to	7.38	%
2020		0.00	%	to	0.80	%		22,166		23.69	to	21.58		513,028		0.13	%		9.41	%	to	8.53	%
2019		0.00	%	to	0.80	%		22,928		21.66	to	19.89		485,633		2.18	%		15.34	%	to	14.42	%
2018		0.00	%	to	0.80	%		34,602		18.78	to	17.38		630,933		1.96	%		-4.85	%	to	-5.61	%
2017		0.00	%	to	0.80	%		26,678		19.73	to	18.41		515,537		1.86	%		11.13	%	to	10.25	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)
2021		0.50	%	to	0.80	%		3,891		31.00	to	29.85		119,097		0.15	%		11.60	%	to	11.27	%
2020		0.50	%	to	0.80	%		5,098		27.78	to	26.82		140,259		0.18	%		11.06	%	to	10.73	%
2019		0.50	%	to	0.80	%		5,290		25.01	to	24.22		131,256		2.02	%		19.34	%	to	18.98	%
2018		0.50	%	to	0.80	%		5,950		20.96	to	20.36		123,910		1.68	%		-6.94	%	to	-7.22	%
2017		0.50	%	to	0.80	%		5,406		22.52	to	21.94		120,959		1.77	%		14.24	%	to	13.90	%
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)
2021		0.50	%	to	0.80	%		17,825		12.09	to	12.05		215,513		0.36	%		11.81	%	to	11.48	%
2020		0.50	%	to	0.80	%		16,724		10.81				180,831		0.00	%		8.13	%	to	8.07	%****
Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class II (NVFIII)
2021		0.50	%					609		10.94				6,664		0.36	%		-2.51	%
2020		0.50	%					5,262		11.22				59,062		1.61	%		6.59	%
2019		0.50	%					2,800		10.53				29,485		1.09	%		5.30	%			****
Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class II (NVGEII)
2021		0.50	%					509		15.13				7,701		1.45	%		21.26	%
2020		0.50	%					93		12.48				1,160		1.39	%		15.18	%
2019		0.50	%					95		10.83				1,029		0.47	%		8.33	%			****
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P (NVIDMP)
2021		0.50	%	to	0.80	%		43,886		11.77	to	11.73		516,451		0.44	%		9.89	%	to	9.56	%
2020		0.50	%	to	0.80	%		31,414		10.71				336,576		0.00	%		7.14	%	to	7.08	%****
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class I (NVIX)
2021		0.50	%	to	0.80	%		41,481		13.82	to	13.51		573,362		3.10	%		10.29	%	to	9.96	%
2020		0.50	%	to	0.80	%		37,902		12.53	to	12.29		475,070		2.57	%		7.00	%	to	6.68	%
2019		0.50	%	to	0.80	%		34,491		11.71	to	11.52		404,045		3.35	%		21.16	%	to	20.80	%
2018		0.50	%	to	0.80	%		30,337		9.67	to	9.53		293,256		3.35	%		-14.24	%	to	-14.50	%
2017		0.50	%	to	0.80	%		15,087		11.27	to	11.15		170,046		2.97	%		24.26	%	to	23.89	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class I (NVLCP1)
2021		0.00	%	to	0.80	%		53,350		18.76	to	16.82		934,260		5.70	%		-0.72	%	to	-1.52	%
2020		0.00	%	to	0.80	%		7,814		18.90	to	17.08		138,495		2.79	%		9.31	%	to	8.44	%
2019		0.00	%	to	0.80	%		7,033		17.29	to	15.75		114,831		2.29	%		9.89	%	to	9.01	%
2018		0.50	%	to	0.80	%		8,545		14.92	to	14.45		127,123		2.61	%		-1.70	%	to	-2.00	%
2017		0.50	%	to	0.80	%		9,013		15.17	to	14.74		136,454		2.81	%		3.43	%	to	3.12	%
Nationwide Variable Insurance Trust - NVIT AllianzGI International Growth Fund: Class I (NVMIG1)
2021		0.00	%	to	1.00	%		251,824		19.94	to	18.47		4,820,204		0.37	%		-1.08	%	to	-2.07	%
2020		0.00	%	to	1.00	%		275,974		20.16	to	18.86		5,365,925		1.00	%		51.04	%	to	49.54	%
2019		0.00	%	to	1.00	%		293,331		13.35	to	12.61		3,797,666		1.25	%		33.15	%	to	31.82	%
2018		0.00	%	to	1.00	%		316,864		10.02	to	9.57		3,096,619		1.05	%		-16.46	%	to	-17.29	%
2017		0.00	%	to	1.00	%		361,678		12.00	to	11.57		4,254,334		1.24	%		25.77	%	to	24.52	%
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X (NVMIVX)
2021		0.00	%	to	0.80	%		31,178		13.03	to	12.90		403,674		3.40	%		10.58	%	to	9.70	%
2020		0.00	%	to	0.80	%		29,447		11.78	to	11.76		346,567		0.00	%		17.82	%	to	17.62	%****
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class I (NVMLG1)
2021		0.00	%	to	1.00	%		83,106		51.02	to	44.51		3,998,123		0.00	%		40.45	%	to	39.05	%
2020		0.00	%	to	1.00	%		88,991		36.33	to	32.01		3,057,714		0.00	%		30.09	%	to	28.80	%
2019		0.00	%	to	1.00	%		94,024		27.93	to	24.85		2,491,453		4.03	%		30.53	%	to	29.23	%
2018		0.00	%	to	1.00	%		103,876		21.39	to	19.23		2,114,267		0.31	%		-3.08	%	to	-4.05	%
2017		0.00	%	to	1.00	%		109,863		22.07	to	20.04		2,320,296		0.39	%		30.20	%	to	28.91	%
Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I (NVMMG1)
2021		0.00	%	to	1.00	%		1,080,260		42.85	to	37.38		43,213,992		0.12	%		-4.70	%	to	-5.65	%
2020		0.00	%	to	1.00	%		1,127,495		44.97	to	39.62		47,505,905		0.00	%		60.90	%	to	59.30	%
2019		0.00	%	to	1.00	%		1,220,702		27.95	to	24.87		32,100,798		0.00	%		37.25	%	to	35.89	%
2018		0.00	%	to	1.00	%		1,357,608		20.36	to	18.30		26,132,731		0.00	%		-6.85	%	to	-7.78	%
2017		0.00	%	to	1.00	%		1,519,236		21.86	to	19.85		31,552,027		0.00	%		27.74	%	to	26.47	%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II (NVMMV2)
2021		0.00	%	to	1.00	%		746,061		32.62	to	28.46		22,712,209		0.74	%		24.02	%	to	22.78	%
2020		0.00	%	to	1.00	%		795,881		26.31	to	23.18		19,605,450		2.08	%		-1.14	%	to	-2.13	%
2019		0.00	%	to	1.00	%		841,557		26.61	to	23.68		21,064,617		2.23	%		23.85	%	to	22.61	%
2018		0.00	%	to	1.00	%		918,465		21.49	to	19.31		18,650,525		1.05	%		-13.15	%	to	-14.02	%
2017		0.00	%	to	1.00	%		1,021,315		24.74	to	22.46		23,998,311		1.10	%		13.84	%	to	12.71	%
Nationwide Variable Insurance Trust - NVIT Neuberger Berman Multi Cap Opportunities Fund: Class I (NVNMO1)
2021		0.00	%	to	1.00	%		528,004		35.71	to	31.15		17,639,821		0.30	%		26.57	%	to	25.31	%
2020		0.00	%	to	1.00	%		574,688		28.22	to	24.86		15,229,689		0.42	%		13.55	%	to	12.42	%
2019		0.00	%	to	1.00	%		647,135		24.85	to	22.11		15,170,490		0.65	%		28.07	%	to	26.80	%
2018		0.00	%	to	1.00	%		699,926		19.40	to	17.44		12,867,857		0.54	%		-4.76	%	to	-5.72	%
2017		0.00	%	to	1.00	%		756,649		20.37	to	18.50		14,680,128		0.52	%		24.85	%	to	23.62	%
Nationwide Variable Insurance Trust - NVIT BNY Mellon Sustainable U.S. Equity Fund: Class I (NVNSR1)
2021		0.50	%	to	0.80	%		5,950		34.53	to	33.14		205,405		0.37	%		26.18	%	to	25.80	%
2020		0.50	%	to	0.80	%		5,515		27.36	to	26.34		150,861		0.81	%		12.80	%	to	12.46	%
2019		0.50	%	to	0.80	%		5,712		24.26	to	23.43		138,550		0.82	%		25.38	%	to	25.00	%
2018		0.50	%	to	0.80	%		6,057		19.35	to	18.74		117,175		0.65	%		-6.26	%	to	-6.55	%
2017		0.50	%	to	0.80	%		6,327		20.64	to	20.05		130,409		0.66	%		18.03	%	to	17.68	%
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class I (NVOLG1)
2021		0.00	%	to	1.00	%		1,664,986		71.53	to	63.03		112,064,798		0.54	%		30.24	%	to	28.95	%
2020		0.00	%	to	1.00	%		1,591,211		54.92	to	48.88		82,506,351		1.34	%		18.90	%	to	17.71	%
2019		0.00	%	to	1.00	%		1,750,394		46.19	to	41.52		76,659,334		1.70	%		37.62	%	to	36.25	%
2018		0.00	%	to	1.00	%		1,933,534		33.57	to	30.48		61,814,614		0.77	%		-1.27	%	to	-2.26	%
2017		0.00	%	to	1.00	%		2,100,265		34.00	to	31.18		68,357,815		0.48	%		27.31	%	to	26.05	%
Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I (NVRE1)
2021		0.00	%	to	1.00	%		302,132		29.71	to	25.92		8,395,990		1.08	%		46.75	%	to	45.29	%
2020		0.00	%	to	1.00	%		319,829		20.25	to	17.84		6,079,783		1.48	%		-5.39	%	to	-6.33	%
2019		0.00	%	to	1.00	%		365,839		21.40	to	19.04		7,402,153		1.69	%		30.70	%	to	29.40	%
2018		0.00	%	to	1.00	%		410,004		16.37	to	14.72		6,371,855		1.84	%		-3.92	%	to	-4.88	%
2017		0.00	%	to	1.00	%		457,730		17.04	to	15.47		7,443,201		2.12	%		6.50	%	to	5.44	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)
2021		0.50	%	to	0.80	%		24,362		25.16	to	24.51		612,592		0.84	%		13.63	%	to	13.29	%
2020		0.50	%	to	0.80	%		18,982		22.14	to	21.64		419,841		1.01	%		18.72	%	to	18.37	%
2019		0.50	%	to	0.80	%		15,280		18.65	to	18.28		284,619		0.88	%		24.34	%	to	23.96	%
2018		0.50	%	to	0.80	%		15,324		15.00	to	14.75		229,533		1.20	%		-11.79	%	to	-12.05	%
2017		0.50	%	to	0.80	%		12,110		17.00	to	16.77		205,545		0.86	%		13.61	%	to	13.27	%
Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II (NVSTB2)
2021		0.00	%	to	0.80	%		16,888		12.81	to	11.48		201,666		0.88	%		-0.59	%	to	-1.38	%
2020		0.00	%	to	0.80	%		19,701		12.88	to	11.64		237,922		2.33	%		2.83	%	to	2.29	%
2019		0.00	%	to	0.80	%		7,706		12.53	to	11.41		90,634		1.95	%		4.09	%	to	3.26	%
2018		0.00	%	to	0.80	%		10,453		12.04	to	11.05		118,793		2.01	%		0.82	%	to	0.01	%
2017		0.00	%	to	0.80	%		12,529		11.94	to	11.05		142,083		0.97	%		1.58	%	to	0.77	%
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)
2021		0.50	%	to	0.80	%		2,146		19.73	to	19.00		42,041		1.97	%		9.85	%	to	9.52	%
2020		0.50	%	to	0.80	%		3,111		17.96	to	17.35		55,095		1.41	%		4.65	%	to	4.34	%
2019		0.00	%	to	0.80	%		3,284		18.11	to	16.63		55,682		0.76	%		12.49	%	to	11.59	%
2018		0.00	%	to	0.80	%		19,639		16.10	to	14.90		300,675		2.00	%		-15.69	%	to	-16.36	%
2017		0.00	%	to	0.80	%		9,211		19.09	to	17.81		167,725		1.94	%		22.72	%	to	21.74	%
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)
2021		0.00	%	to	1.00	%		633,266		16.16	to	10.41		11,158,000		0.00	%		0.00	%	to	-1.00	%
2020		0.00	%	to	1.30	%		983,748		16.16	to	14.25		15,844,953		0.22	%		0.24	%	to	-1.06	%
2019		0.00	%	to	1.30	%		896,687		16.12	to	14.40		15,473,870		1.73	%		1.78	%	to	0.46	%
2018		0.00	%	to	1.00	%		948,129		15.84	to	14.34		15,747,369		1.37	%		1.39	%	to	0.07	%
2017		0.00	%	to	1.00	%		864,884		15.62	to	10.47		14,221,396		0.42	%		0.42	%	to	-0.88	%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I (SCF)
2021		0.00	%	to	1.00	%		156,064		127.16	to	51.62		21,875,493		0.00	%		30.84	%	to	29.54	%
2020		0.00	%	to	1.30	%		170,516		97.19	to	93.51		18,301,955		0.02	%		22.69	%	to	21.10	%
2019		0.00	%	to	1.30	%		184,497		79.22	to	77.21		16,108,059		0.07	%		25.65	%	to	24.03	%
2018		0.00	%	to	1.30	%		199,293		63.05	to	26.36		13,906,347		0.01	%		-12.63	%	to	-13.77	%
2017		0.00	%	to	1.00	%		214,361		72.17	to	30.49		17,201,685		0.00	%		13.49	%	to	12.36	%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I (SCGF)
2021		0.00	%	to	1.00	%		86,854		34.14	to	27.52		2,701,314		0.00	%		10.31	%	to	9.21	%
2020		0.00	%	to	1.00	%		95,021		30.95	to	25.20		2,695,044		0.00	%		40.89	%	to	39.49	%
2019		0.00	%	to	1.00	%		101,073		21.97	to	18.07		2,043,044		0.00	%		35.71	%	to	34.36	%
2018		0.00	%	to	1.00	%		112,229		16.19	to	13.45		1,675,091		0.00	%		-7.94	%	to	-8.86	%
2017		0.00	%	to	1.00	%		120,593		17.58	to	14.75		1,954,581		0.00	%		24.92	%	to	23.69	%
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I (SCVF)
2021		0.00	%	to	1.00	%		64,741		78.07	to	50.03		4,442,388		0.00	%		32.04	%	to	30.73	%
2020		0.00	%	to	1.00	%		63,527		59.13	to	38.27		3,323,166		0.08	%		5.15	%	to	4.11	%
2019		0.00	%	to	1.00	%		66,670		56.23	to	36.76		3,329,173		1.00	%		19.00	%	to	17.82	%
2018		0.00	%	to	1.00	%		86,370		47.25	to	31.20		3,637,893		0.69	%		-16.95	%	to	-17.78	%
2017		0.00	%	to	1.00	%		99,474		56.90	to	37.95		5,113,152		0.50	%		9.06	%	to	7.98	%
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)
2021		0.00	%	to	1.00	%		456,227		82.03	to	34.11		66,619,119		0.76	%		21.88	%	to	20.67	%
2020		0.00	%	to	1.00	%		520,817		67.30	to	28.27		60,378,563		1.15	%		10.35	%	to	9.26	%
2019		0.00	%	to	1.00	%		570,603		60.99	to	25.88		59,250,787		1.16	%		29.31	%	to	28.02	%
2018		0.00	%	to	1.00	%		619,619		47.16	to	20.21		49,790,088		1.08	%		0.00	%	to	-1.00	%
2017		0.00	%	to	1.00	%		671,385		47.17	to	20.42		53,824,370		1.01	%		20.52	%	to	19.33	%
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares (AMCG)
2021		0.00	%	to	1.00	%		114,680		24.68	to	23.21		2,768,638		0.00	%		12.99	%	to	11.87	%
2020		0.00	%	to	1.00	%		116,522		21.84	to	20.75		2,498,887		0.00	%		39.98	%	to	38.59	%
2019		0.00	%	to	1.00	%		120,729		15.61	to	14.97		1,856,891		0.00	%		32.75	%	to	31.43	%
2018		0.00	%	to	1.00	%		123,627		11.76	to	11.39		1,437,261		0.00	%		-6.40	%	to	-7.34	%
2017		0.00	%	to	1.00	%		136,015		12.56	to	12.29		1,694,713		0.00	%		25.29	%	to	24.05	%
Neuberger Berman Advisers Management Trust - International Equity Portfolio: S Class Shares (AMINS)
2021		0.00	%					1,148		26.64				30,584		0.33	%		13.35	%
2020		0.00	%					1,162		23.50				27,311		0.52	%		12.57	%
2019		0.00	%					1,172		20.88				24,469		0.16	%		27.69	%
2018		0.00	%					1,190		16.35				19,458		0.16	%		-16.95	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2017		0.00	%					1,208		19.69				23,784		0.67	%		26.76	%
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: S Class Shares (AMMCGS)
2021		0.00	%	to	0.80	%		2,864		88.32	to	76.07		232,182		0.00	%		12.72	%	to	11.83	%
2020		0.00	%	to	0.80	%		2,929		78.35	to	68.03		210,884		0.00	%		39.71	%	to	38.60	%
2019		0.50	%	to	0.80	%		2,134		51.60	to	49.08		109,624		0.00	%		31.82	%	to	31.43	%
2018		0.50	%	to	0.80	%		2,399		39.14	to	37.35		93,237		0.00	%		-7.03	%	to	-7.31	%
2017		0.50	%	to	0.80	%		2,541		42.10	to	40.29		105,622		0.00	%		23.94	%	to	23.57	%
Neuberger Berman Advisers Management Trust - Mid Cap Intrinsic Value Portfolio: S Class Shares (AMRS)
2021		0.00	%					132		34.69				4,579		0.20	%		32.52	%
2020		0.00	%					279		26.18				7,303		0.60	%		-2.83	%
2019		0.00	%					461		26.94				12,419		0.21	%		16.43	%
2018		0.00	%					620		23.14				14,345		0.22	%		-15.48	%
2017		0.00	%					756		27.37				20,695		0.47	%		16.35	%
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: Class I Shares (AMSRS)
2021		0.00	%	to	1.00	%		135,780		66.43	to	15.74		5,707,429		0.38	%		23.48	%	to	22.25	%
2020		0.00	%	to	1.00	%		138,566		53.80	to	12.88		4,736,936		0.62	%		19.56	%	to	18.37	%
2019		0.00	%	to	1.00	%		145,098		45.00	to	10.88		4,017,368		0.57	%		25.88	%	to	8.79	%
2018		0.00	%	to	0.80	%		19,949		35.75	to	31.54		659,471		0.48	%		-5.73	%	to	-6.48	%
2017		0.00	%	to	0.80	%		21,146		37.92	to	33.72		744,844		0.51	%		18.43	%	to	17.49	%
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares (AMTB)
2021		0.00	%	to	1.00	%		62,402		20.30	to	13.29		1,453,796		2.53	%		0.74	%	to	-0.26	%
2020		0.00	%	to	1.00	%		72,881		20.15	to	13.32		1,636,326		2.47	%		3.46	%	to	2.43	%
2019		0.00	%	to	1.00	%		69,980		19.48	to	13.01		1,489,876		1.97	%		3.69	%	to	2.66	%
2018		0.00	%	to	1.00	%		73,670		18.79	to	12.67		1,524,946		1.56	%		1.02	%	to	0.01	%
2017		0.00	%	to	1.00	%		86,654		18.60	to	12.67		1,774,339		1.44	%		0.89	%	to	-0.11	%
Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 3 (NOTB3)
2021		0.50	%					793		14.04				11,135		0.99	%		7.97	%
2020		0.50	%					828		13.01				10,768		2.14	%		5.14	%
2019		0.50	%					866		12.37				10,712		2.14	%		13.91	%
2018		0.50	%					902		10.86				9,806		1.60	%		-6.62	%
2017		0.50	%					938		11.63				10,908		0.83	%		10.03	%
Northern Lights Variable Trust - TOPS Managed Risk Growth ETF Portfolio: Class 3 (NOTG3)
2021		0.50	%	to	0.80	%		284		14.99	to	14.61		4,254		1.03	%		11.87	%	to	11.53	%
2020		0.50	%	to	0.80	%		178		13.40	to	13.10		2,369		2.02	%		4.65	%	to	4.34	%
2019		0.50	%	to	0.80	%		186		12.81	to	12.55		2,379		1.84	%		16.35	%	to	16.00	%
2018		0.50	%	to	0.80	%		197		11.01	to	10.82		2,176		1.42	%		-9.29	%	to	-9.57	%
2017		0.50	%					188		12.13				2,281		1.53	%		16.87	%
Northern Lights Variable Trust - TOPS Managed Risk Moderate Growth ETF Portfolio: Class 3 (NOTMG3)
2021		0.80	%					6		14.60				88		1.07	%		10.10	%
2020		0.80	%					5		13.26				66		2.33	%		5.06	%
2019		0.80	%					3		12.63				38		2.36	%		15.24	%
2018		0.80	%					1		10.96				11		0.00	%		-8.12	%
PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class (PMVAAA)
2021		0.50	%	to	0.80	%		17,872		15.96	to	15.50		285,228		11.00	%		15.65	%	to	15.31	%
2020		0.50	%	to	0.80	%		17,554		13.80	to	13.45		242,205		5.05	%		7.47	%	to	7.15	%
2019		0.50	%	to	0.80	%		16,466		12.84	to	12.55		211,378		2.93	%		11.34	%	to	11.00	%
2018		0.50	%	to	0.80	%		17,324		11.53	to	11.30		199,752		2.88	%		-5.88	%	to	-6.17	%
2017		0.50	%	to	0.80	%		41,753		12.25	to	12.05		511,377		4.70	%		12.98	%	to	12.64	%
PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Administrative Class (PMVFBA)
2021		0.50	%	to	0.80	%		9,201		13.53	to	13.02		124,463		5.66	%		-7.98	%	to	-8.26	%
2020		0.50	%	to	0.80	%		10,566		14.70	to	14.19		155,281		4.77	%		10.22	%	to	9.89	%
2019		0.50	%	to	0.80	%		11,894		13.34	to	12.92		158,599		2.12	%		6.49	%	to	6.17	%
2018		0.50	%	to	0.80	%		15,258		12.53	to	12.17		191,070		5.14	%		-4.46	%	to	-4.75	%
2017		0.50	%	to	0.80	%		17,035		13.11	to	12.77		223,243		1.58	%		10.29	%	to	9.96	%
PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class (PMVLDA)
2021		0.00	%	to	0.80	%		94,932		13.77	to	12.43		1,247,283		0.52	%		-0.93	%	to	-1.72	%
2020		0.00	%	to	0.80	%		111,242		13.89	to	12.65		1,480,269		1.20	%		2.99	%	to	2.17	%
2019		0.00	%	to	0.80	%		111,462		13.49	to	12.38		1,445,415		2.72	%		4.03	%	to	3.20	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2018		0.00	%	to	0.80	%		88,451		12.97	to	12.00		1,110,380		1.91	%		0.34	%	to	-0.47	%
2017		0.00	%	to	0.80	%		98,910		12.93	to	12.06		1,237,958		1.34	%		1.35	%	to	0.54	%
PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Administrative Class (PMVRSA)
2021		0.50	%	to	0.80	%		8,113		8.08	to	7.90		65,529		3.97	%		32.68	%	to	32.28	%
2020		0.50	%	to	0.80	%		4,245		6.09	to	5.97		25,841		6.11	%		0.85	%	to	0.54	%
2019		0.50	%	to	0.80	%		411		6.04	to	5.94		2,479		3.81	%		10.88	%	to	10.54	%
2018		0.50	%	to	0.80	%		3,421		5.45	to	5.37		18,630		2.26	%		-14.56	%	to	-14.82	%
2017		0.50	%	to	0.80	%		2,541		6.38	to	6.31		16,199		11.17	%		1.64	%	to	1.34	%
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class (PMVTRA)
2020		0.50	%	to	0.80	%		45,592		13.67	to	13.28		622,924		2.08	%		8.10	%	to	7.77	%
2019		0.50	%	to	0.80	%		34,429		12.65	to	12.32		435,091		3.03	%		7.81	%	to	7.49	%
2018		0.50	%	to	0.80	%		56,482		11.73	to	11.46		662,153		2.52	%		-1.04	%	to	-1.34	%
2017		0.50	%	to	0.80	%		60,793		11.85	to	11.62		720,182		2.03	%		4.40	%	to	4.08	%
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (PVEIB)
2021		0.50	%	to	0.80	%		38,227		17.84	to	17.59		681,581		1.05	%		26.67	%	to	26.29	%
2020		0.50	%	to	0.80	%		30,397		14.09	to	13.93		427,936		1.68	%		5.28	%	to	4.96	%
2019		0.50	%	to	0.80	%		31,185		13.38	to	13.27		417,112		1.91	%		29.75	%	to	29.37	%
2018		0.50	%	to	0.80	%		29,273		10.31	to	10.26		301,735		0.51	%		-8.95	%	to	-9.22	%
2017		0.50	%	to	0.80	%		15,278		11.32	to	11.30		172,984		0.00	%		13.25	%	to	13.02	%****
Putnam Variable Trust - Putnam VT Growth Opportunities Fund: Class IB (PVGOB)
2021		0.50	%	to	0.80	%		62,945		30.83	to	30.36		1,939,854		0.00	%		22.04	%	to	21.68	%
2020		0.50	%	to	0.80	%		76,808		25.26	to	24.95		1,939,462		0.04	%		38.02	%	to	37.60	%
2019		0.00	%	to	0.80	%		80,650		18.59	to	18.13		1,478,400		0.13	%		36.74	%	to	35.65	%
2018		0.50	%	to	0.80	%		68,268		13.45	to	13.37		918,121		0.00	%		1.87	%	to	1.56	%
2017		0.50	%	to	0.80	%		43,778		13.21	to	13.16		578,017		0.09	%		30.25	%	to	29.86	%
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)
2021		0.00	%	to	0.80	%		8,871		32.77	to	28.22		266,112		1.14	%		8.82	%	to	7.95	%
2020		0.00	%	to	0.80	%		9,438		30.11	to	26.14		261,300		1.77	%		12.10	%	to	11.20	%
2019		0.00	%	to	0.80	%		8,829		26.86	to	23.51		219,166		1.38	%		25.15	%	to	24.16	%
2018		0.00	%	to	0.80	%		10,466		21.46	to	18.94		208,620		1.36	%		-19.11	%	to	-19.76	%
2017		0.00	%	to	0.80	%		11,093		26.54	to	23.60		274,628		2.24	%		26.58	%	to	25.57	%
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II (TRHS2)
2021		0.00	%	to	0.80	%		82,786		73.48	to	66.94		5,752,167		0.00	%		12.83	%	to	11.93	%
2020		0.00	%	to	0.80	%		88,576		65.13	to	59.80		5,478,428		0.00	%		29.27	%	to	28.24	%
2019		0.00	%	to	0.80	%		101,270		50.38	to	46.63		4,868,461		0.00	%		28.63	%	to	27.61	%
2018		0.00	%	to	0.80	%		120,523		39.17	to	36.55		4,519,011		0.00	%		0.86	%	to	0.05	%
2017		0.00	%	to	0.80	%		132,486		38.83	to	36.53		4,964,050		0.00	%		27.31	%	to	26.30	%
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited Term Bond Portfolio: II (TRLT2)
2021		0.00	%					3,094		14.41				44,584		1.08	%		-0.12	%
2020		0.00	%					3,359		14.43				48,461		1.71	%		4.45	%
2019		0.00	%					3,118		13.81				43,066		2.11	%		4.10	%
2018		0.00	%					720		13.27				9,553		1.19	%		0.92	%
2017		0.00	%					5,664		13.15				74,462		1.23	%		0.81	%
VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class (VWBF)
2021		0.00	%	to	1.00	%		22,252		27.25	to	20.32		667,773		5.13	%		-4.05	%	to	-5.01	%
2020		0.00	%	to	1.00	%		22,248		28.40	to	21.40		703,175		7.17	%		8.92	%	to	7.84	%
2019		0.00	%	to	1.00	%		24,813		26.07	to	19.84		714,438		0.37	%		12.62	%	to	11.50	%
2018		0.00	%	to	1.00	%		26,103		23.15	to	17.79		659,253		9.18	%		-6.14	%	to	-7.08	%
2017		0.00	%	to	1.00	%		42,277		24.66	to	19.15		1,047,647		2.32	%		12.24	%	to	11.13	%
VanEck VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
2021		0.00	%	to	1.00	%		72,767		44.07	to	40.09		2,850,226		0.92	%		-11.87	%	to	-12.75	%
2020		0.00	%	to	1.00	%		77,236		50.00	to	45.95		3,443,120		2.07	%		17.25	%	to	16.08	%
2019		0.00	%	to	1.00	%		85,729		42.65	to	39.58		3,269,105		0.50	%		30.60	%	to	29.30	%
2018		0.00	%	to	1.00	%		97,443		32.65	to	30.61		2,857,721		0.31	%		-23.49	%	to	-24.25	%
2017		0.00	%	to	1.00	%		121,240		42.68	to	40.41		4,673,218		0.47	%		51.03	%	to	49.54	%
VanEck VIP Trust - Global Resources Fund: Initial Class (VWHA)
2021		0.00	%	to	1.00	%		69,177		35.78	to	32.21		3,031,459		0.44	%		18.92	%	to	17.74	%
2020		0.00	%	to	1.30	%		73,594		30.09	to	36.31		2,734,746		0.95	%		19.11	%	to	17.57	%

NATIONWIDE VLI SEPARATE ACCOUNT-2 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021

	Contract Expense Rate*						Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**			Total Return***
2019		0.00	%	to	1.30	%		77,074		25.26	to	30.89		2,447,309		0.00	%		11.87	%	to	10.42	%
2018		0.00	%	to	1.00	%		86,375		22.58	to	20.95		2,439,121		0.00	%		-28.28	%	to	-29.21	%
2017		0.00	%	to	1.00	%		89,572		31.48	to	29.50		3,551,521		0.00	%		-1.70	%	to	-2.67	%
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class I (VRVDRI)
2021		0.50	%					3,687		15.59				57,490		1.02	%		46.14	%
2020		0.50	%					353		10.67				3,766		0.42	%		-1.82	%
2019		0.50	%					2,122		10.87				23,062		2.15	%		8.68	%			****
Allspring Variable Trust - VT Discovery Fund: Class 2 (SVDF)
2021		0.00	%	to	1.00	%		8,668		143.44	to	84.00		872,869		0.00	%		-5.04	%	to	-5.99	%
2020		0.00	%	to	1.00	%		11,375		151.05	to	89.35		1,167,378		0.00	%		62.65	%	to	61.03	%
2019		0.00	%	to	1.00	%		10,481		92.87	to	55.48		673,387		0.00	%		39.02	%	to	37.64	%
2018		0.00	%	to	1.00	%		11,734		66.80	to	40.31		540,623		0.00	%		-7.06	%	to	-7.99	%
2017		0.00	%	to	1.00	%		13,560		71.88	to	43.81		674,086		0.00	%		29.13	%	to	27.85	%
Allspring Variable Trust - VT Opportunity Fund: Class 2 (SVOF)
2021		0.00	%	to	1.00	%		31,262		135.35	to	49.99		1,919,170		0.04	%		24.78	%	to	23.54	%
2020		0.00	%	to	1.00	%		32,172		108.47	to	40.46		1,615,521		0.44	%		21.00	%	to	19.80	%
2019		0.00	%	to	1.00	%		33,080		89.64	to	33.78		1,414,069		0.28	%		31.46	%	to	30.16	%
2018		0.00	%	to	1.00	%		34,304		68.19	to	25.95		1,123,712		0.18	%		-7.15	%	to	-8.07	%
2017		0.00	%	to	1.00	%		40,924		73.44	to	28.23		1,414,411		0.65	%		20.44	%	to	19.24	%
Allspring Variable Trust - VT Small Cap Growth Fund: Class 2 (WFVSCG)
2021		0.00	%	to	0.80	%		11,907		71.82	to	64.90		802,991		0.00	%		7.64	%	to	6.78	%
2020		0.00	%	to	0.80	%		11,808		66.72	to	60.78		745,507		0.00	%		57.78	%	to	56.53	%
2019		0.00	%	to	0.80	%		10,390		42.29	to	38.83		415,351		0.00	%		24.83	%	to	23.83	%
2018		0.00	%	to	0.80	%		15,955		33.88	to	31.35		513,659		0.00	%		1.31	%	to	0.50	%
2017		0.00	%	to	0.80	%		10,835		33.44	to	31.20		345,820		0.00	%		25.86	%	to	24.86	%

* This represents the range of annual contract expense rates of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.

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

*** This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option was initially added and funded during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

**** Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented.