NATIONWIDE VL

SEPARATE

ACCOUNT-G

Annual Report

To

Policyholders

December 31, 2024

 

LOGO

NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO


LOGO

   KPMG LLP
  

Suite 500

191 West Nationwide Blvd.

   Columbus, OH 43215-2568

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Nationwide Life and Annuity Insurance Company and Contract Owners of Nationwide VL Separate Account-G:

Opinion on the Financial Statements

We have audited the accompanying statements of assets, liabilities and contract owners’ equity of the sub-accounts listed in the Appendix that comprise the Nationwide VL Separate Account-G (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, the changes in its contract owners’ equity for the years or periods listed in the Appendix, and the financial highlights for each of the years or periods indicated in Note 8, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2024, 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 1, 2025

 

 

KPMG LLP, a Delaware limited liability partnership and a member firm of

the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.

 


Appendix

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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 Relative Value 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 Discovery Value Portfolio: Class A (ALVSVA)

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

ADVISOR PREFERRED

Advisors Preferred Trust - Gold Bullion Strategy Portfolio (APTGBS)

ALGER AMERICAN FUNDS

Alger Capital Appreciation Portfolio - Class I2 Shares (ALCAI2)

ALLSPRING GLOBAL INVESTMENTS

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

ALPS FUNDS

ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - Asset Allocation Fund: Class 4 (AMVAA4)

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 4 (AMVBC4)

American Funds Insurance Series(R) - The Bond Fund of America: Class 4 (AMVBD4)

American Funds Insurance Series(R) - Global Growth Fund: Class 1 (AMVGG1)

American Funds Insurance Series(R) - Growth-Income Fund: Class 4 (AMVGI4)

American Funds Insurance Series(R) - Growth Fund: Class 4 (AMVGR4)

American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

American Funds Insurance Series(R) - New World Fund: Class 1 (AMVNW1)

American Funds Insurance Series(R) - New World Fund: Class 2 (AMVNW2)

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

AMUNDI US

Pioneer Variable Contracts Trust - Pioneer Bond VCT Portfolio: Class II (PIVB2)

Pioneer Variable Contracts Trust - Pioneer Mid Cap Value VCT Portfolio: Class II (PIVMV2)

Pioneer Variable Contracts Trust - Pioneer Strategic Income VCT Portfolio: Class II (PIVSI2)

BLACKROCK FUNDS

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class I (BRVGA1)

BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)

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

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)

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

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)

BNY MELLON INVESTMENT MANAGEMENT

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

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

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

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Insurance Trust II - Columbia Variable Portfolio - Seligman Global Technology: Class 2 (CLVGT2)

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Limited Duration Credit Fund: Class 1 (CLVLD1)

CREDIT SUISSE ASSET MANAGEMENT

Credit Suisse Trust - Commodity Return Strategy Portfolio: Class 1 (CSCRS)


DELAWARE FUNDS BY MACQUARIE

Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class (DWVSVS)1

DIMENSIONAL FUND ADVISORS INC.

DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA)

DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio (DFVGB)

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)

DFA Investment Dimensions Group Inc. - VA International Small Portfolio (DFVIS)

DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV)

DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio (DFVSTF)

DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio (DFVULV)

DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio (DFVUTV)

DWS INVESTMENT MANAGEMENT AMERICAS, INC.

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

Deutsche DWS Variable Series I - DWS Capital Growth VIP: Class A (DSVCGA)

EATON VANCE FUNDS

Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)

FEDERATED HERMES, INC.

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

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Initial Class (FCP)

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

Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio: Service Class 2 (FDSCS2)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS)

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: Service Class 2 (FG2)

Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class 2 (FGO2)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Initial Class (FIGBP)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)

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

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)

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: Service Class (FOS)

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

Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation Portfolio: Service Class 2 (FVICA2)

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

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)

FIRST EAGLE

First Eagle Variable Funds - Overseas Variable Fund (FEOVF)

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 1 (FTVFA1)

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 1 (FTVGB1)

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 1 (FTVIS1)

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

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 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 Funds Trust - Series F (Floating Rate Strategies Series) (GVFRB)

Guggenheim Variable Funds Trust - Series E (Total Return Bond) (GVTRBE)

Rydex Variable Trust - Biotechnology Fund (RBF)

Rydex Variable Trust - Banking Fund (RBKF)

Rydex Variable Trust - Electronics Fund (RELF)

Rydex Variable Trust - Energy Services Fund (RESF)

Rydex Variable Trust - Health Care Fund (RHCF)

Rydex Variable Trust - High Yield Strategy Fund (RHYS)

Rydex Variable Trust - Internet Fund (RINF)

Rydex Variable Trust - NASDAQ-100(R) Fund (ROF)

Rydex Variable Trust - Precious Metals Fund (RPMF)

Rydex Variable Trust - Real Estate Fund (RREF)

Rydex Variable Trust - Technology Fund (RTEC)

Rydex Variable Trust - Telecommunications Fund (RTEL)

Rydex Variable Trust - Transportation Fund (RTRF)

Rydex Variable Trust - Utilities Fund (RUTL)

Rydex Variable Trust - Multi-Hedge Strategies Fund (RVARS)

Rydex Variable Trust - S&P 500 Pure Growth Fund (RVLCG)

Rydex Variable Trust - S&P 500 Pure Value Fund (RVLCV)

Rydex Variable Trust - S&P MidCap 400 Pure Growth Fund (RVMCG)

Rydex Variable Trust - S&P MidCap 400 Pure Value Fund (RVMCV)

Rydex Variable Trust - Global Managed Futures Fund (RVMFU)

Rydex Variable Trust - S&P SmallCap 600 Pure Growth Fund (RVSCG)

Rydex Variable Trust - S&P SmallCap 600 Pure Value Fund (RVSCV)

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. Core Plus Bond Fund: Series I Shares (IVCPBI)

Invesco - Invesco V.I. Diversified Dividend Fund: Series I Shares (IVDDI)

Invesco - Invesco V.I. Global Real Estate Fund: Series I Shares (IVRE)

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

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. 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 - Macquarie VIP Asset Strategy Series: Service Class (WRASP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Corporate Bond Series: Service Class (WRBDP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Balanced Series: Service Class (WRBP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Core Equity Series: Service Class (WRCEP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Energy Series: Service Class (WRENG)1

Ivy Variable Insurance Portfolios - Macquarie VIP Natural Resources Series: Service Class (WRGNR)1

Ivy Variable Insurance Portfolios - Macquarie VIP Growth Series: Service Class (WRGP)1

Ivy Variable Insurance Portfolios - Macquarie VIP High Income Series: Service Class (WRHIP)1

Ivy Variable Insurance Portfolios - Macquarie VIP International Core Equity Series: Service Class (WRI2P)1

Ivy Variable Insurance Portfolios - Macquarie VIP Limited-Term Bond Series: Service Class (WRLTBP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Mid Cap Growth Series: Service Class (WRMCG)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Aggressive Series: Service Class (WRPAP)1


Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Conservative Series: Service Class (WRPCP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive Series: Service Class (WRPMAP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series: Service Class (WRPMAV)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative Series: Service Class (WRPMCP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series: Service Class (WRPMCV)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate - Managed Volatility Series: Service Class (WRPMMV)1

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate Series: Service Class (WRPMP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Small Cap Growth Series: Service Class (WRSCP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Smid Cap Core Series: Service Class (WRSCV)1

Ivy Variable Insurance Portfolios - Macquarie VIP Science and Technology Series: Service Class (WRSTP)1

Ivy Variable Insurance Portfolios - Macquarie VIP Value Series: Service Class (WRVP)1

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Balanced Portfolio: Institutional Shares (JABIN)

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 Flexible Bond Portfolio: Service Shares (JAFBS)

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

Janus Aspen Series - Janus Henderson Overseas Portfolio: Institutional Shares (JAIG)

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

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)

Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Institutional Shares (JMCVIN)

LEGG MASON

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Large Cap Growth Portfolio: Class I (LVCLGI)

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class II (SBVSG2)

LORD ABBETT FUNDS

Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD)

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

M FUNDS

M Fund, Inc. - M International Equity Fund (MFBIE) M Fund, Inc. - M Large Cap Value Fund (MFBOV)

M Fund, Inc. - M Capital Appreciation Fund (MFFCA) M Fund, Inc. - M Large Cap Growth Fund (MFTCG)

MASSACHUSETTS FINANCIAL SERVICES CO.

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

MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

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

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Initial Class (MV3LMI)

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)

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Initial Class (MVIVIC)

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

MFS(R) Variable Insurance Trust - MFS Utilities Series: Initial Class (MVUIC)

MERGER FUNDS

The Merger Fund VL - The Merger Fund VL: Class I (MGRFV)

NATIONWIDE FUNDS

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

Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y (DTRTFY)

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 S&P 500 Index Fund: Class Y (GVEXD)

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 International Index Fund: Class Y (GVIXY)

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

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y (MCIFD)

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 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 Bond Index Fund: Class Y (NVBXD)

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 Balanced Fund: Class P (NVDBLP)

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 Investor Destinations Moderately Aggressive Fund: Class P (NVDMAP)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class P (NVDMCP)

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

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class Y (NVFIY)

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

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class Y (NVGEY)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class P (NVIDAP)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class P (NVIDCP)

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

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

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 NS Partners International Focused 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 Government Money Market Fund: Class II (NVMM2)


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

Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class II (NVMMG2)

Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class I (NVMMV1)

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

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Core Fund: Class I (NVNMO1)

Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class II (NVNSR2)

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 Small Cap Index Fund: Class Y (NVSIXD)

Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class I (NVSTB1)

Nationwide Variable Insurance Trust - NVIT Loomis 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 Government Money Market Fund: Class V (SAM5)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class Y (SAMY)

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

Nationwide Variable Insurance Trust - NVIT Invesco 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: Class S Shares (AMMCGS)

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

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

NYLI FUNDS

New York Life Investments VP Funds Trust - NYLI VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)1

PIMCO FUNDS

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

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Administrative Class (PMVEBA)

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

PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)

PIMCO Variable Insurance Trust - Income Portfolio: Administrative Class (PMVID)

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

PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)

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

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

PIMCO Variable Insurance Trust - Global Core Bond (Hedged) Portfolio: Administrative Class (PVGCBA)

PIMCO Variable Insurance Trust - Short-Term Portfolio: Administrative Class (PVSTA)

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IA (PVEIIA)

Putnam Variable Trust - Putnam VT International Value Fund: Class IA (PVIVIA)

ROYCE CAPITAL FUNDS

Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC)

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II (TRBCG2)

T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)

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

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio (TRHSP)

VAN ECK ASSOCIATES CORPORATION

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

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


VANGUARD GROUP OF INVESTMENT COMPANIES

Vanguard Variable Insurance Fund - Balanced Portfolio (VVB)

Vanguard Variable Insurance Fund - Capital Growth Portfolio (VVCG)

Vanguard Variable Insurance Fund - Diversified Value Portfolio (VVDV)

Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI)

Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX)

Vanguard Variable Insurance Fund - Growth Portfolio (VVG)

Vanguard Variable Insurance Fund - Global Bond Index Portfolio (VVGBI)

Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)

Vanguard Variable Insurance Fund - High Yield Bond Portfolio (VVHYB)

Vanguard Variable Insurance Fund - International Portfolio (VVI)

Vanguard Variable Insurance Fund - Moderate Allocation Portfolio (VVMA)

Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)

Vanguard Variable Insurance Fund - Real Estate Index Portfolio (VVREI)

Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)

Vanguard Variable Insurance Fund - Total International Stock Market Index Portfolio (VVTISI)

Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM)

VIRTUS MUTUAL FUNDS

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

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from May 5, 2023 (inception) to December 31, 2023.

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from May 18, 2023 (inception) to December 31, 2023.

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Floating Rate High Income Portfolio: Initial Class (FVFRHI)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC)

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 1 (NOTAG1)

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 1 (NOTC1)

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 1 (NOTGR1)

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 1 (NOTMD1)

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 1 (NOTMR1)

NATIONWIDE FUNDS

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from May 30, 2023 (inception) to December 31, 2023.

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Global Sustainable Equity Portfolio: Institutional Shares (JAGSEI)


Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from June 2, 2023 (inception) to December 31, 2023.

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - U.S. Government Securities Fund: Class 2 (AMVGV2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from June 5, 2023 (inception) to December 31, 2023.

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Sustainable Global Thematic Portfolio: Class B (ABTGB)1

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from June 16, 2023 (inception) to December 31, 2023.

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB (PVNOB)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from August 17, 2023 (inception) to December 31, 2023.

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service Class (MV3LMS)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from November 28, 2023 (inception) to December 31, 2023.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class Y (NVCCAY)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from November 30, 2023 (inception) to December 31, 2023.

FIDELITY INVESTMENTS

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from December 6, 2023 (inception) to December 31, 2023.

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 2 (NOTBE2)

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 2 (NOTC2)

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 2 (NOTGR2)

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class Y (NVCMAY)


Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class Y (NVCMDY)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class Y (NVCRAY)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class Y (NVCRBY)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from December 13, 2023 (inception) to December 31, 2023.

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2)

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 2 (NOTAG2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from December 19, 2023 (inception) to December 31, 2023.

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 2 (NOTMD2)

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class Y (NVCCNY)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, 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, 2024 and the period from December 29, 2023 (inception) to December 31, 2023.

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

American Funds Insurance Series(R) - Growth-Income Fund: Class 1 (AMVGI1)

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 1 (AMVWM1)

BLACKROCK FUNDS

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class I (BRVTR1)

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Small Cap Value Fund: Class 1 (CLSCV1)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II (NJNDE2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, and the related statements of operations and changes in contract owners’ equity for the period April 26, 2024 (inception) to December 31, 2024.

LINCOLN FUNDS

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Standard Class II (LACIP2)

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Service Class (LACIPS)

Lincoln Variable Insurance Products Trust - LVIP American Century Mid Cap Value Fund: Standard Class II (LACMV2)

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Macquarie VIP Global Growth Series: Service Class (WRIP)1


Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, and the related statements of operations and changes in contract owners’ equity for the period May 14, 2024 (inception) to December 31, 2024.

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 1 (FTVMD1)

LEGG MASON

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I (LPVCII)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, and the related statements of operations and changes in contract owners’ equity for the period June 18, 2024 (inception) to December 31, 2024.

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 1 (FTVUG1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, and the related statements of operations and changes in contract owners’ equity for the period June 21, 2024 (inception) to December 31, 2024.

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Franklin Small-Mid Cap Growth VIP Fund: Class 1 (FTVSC1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, and the related statements of operations and changes in contract owners’ equity for the period June 24, 2024 (inception) to December 31, 2024.

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Global Research Portfolio: Service Shares (JAWGS)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2024, and the related statements of operations and changes in contract owners’ equity for the period October 25, 2024 (inception) to December 31, 2024.

NEW AGE ALPHA ADVISORS, LLC

New Age Alpha Variable Funds Trust - NAA Small Cap Value Series (NASCV)

 

  (1)

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


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

ABTGB

   562    $   18,333    $    18,425    $       -    $    18,425    $       -    $    18,425

ALVDAA

   13,818    145,212    135,005    48    135,053    -    135,053

ALVGIA

   5,808    186,111    184,010    -    184,010    -    184,010

ALVIVB

   19,522    274,742    294,005    -    294,005    -    294,005

ALVSVA

   297,424    5,255,196    5,448,800    197     5,448,997    -    5,448,997

ALVSVB

   223    3,725    4,014    -    4,014    1    4,013

APTGBS

   4,070    110,147    108,275    -    108,275    -    108,275

ALCAI2

   499    52,804    57,829    1    57,830    -    57,830

WFVSCG

   168,117    1,721,557    1,568,529    -    1,568,529    696    1,567,833

AAEIP3

   7,698    111,847    109,932    1    109,933    -    109,933

AFGF

   8,311    957,887    1,059,365    2    1,059,367    -    1,059,367

AMVAA2

   287,820    7,284,457    7,382,580    1    7,382,581    -    7,382,581

AMVAA4

   40    1,038    1,021    -    1,021    -    1,021

AMVBC4

   288,851    4,161,485    4,719,821    85    4,719,906    -    4,719,906

AMVBD4

   10,758    99,446    97,574    -    97,574    -    97,574

AMVGG1

   7,129    264,626    263,130    -    263,130    -    263,130

AMVGI1

   15,619    1,029,304    1,086,939    1    1,086,940    -    1,086,940

AMVGI4

   2,173    126,318    145,922    -    145,922    -    145,922

AMVGR4

   2,492    274,563    305,015    1    305,016    -    305,016

AMVGS4

   8,520    143,350    144,927    -    144,927    -    144,927

AMVGV2

   80,895    790,249    765,265    -    765,265    -    765,265

AMVI4

   7,198    120,161    125,674    -    125,674    -    125,674

AMVNW1

   2,524    72,393    67,323    -    67,323    -    67,323

AMVNW2

   186,588    4,785,450    4,912,854    -    4,912,854    38    4,912,816

AMVNW4

   13,564    343,444    354,024    -    354,024    1    354,023

AMVWM1

   56,886    934,597    959,103    -    959,103    -    959,103

PIVMV2

   21,576    238,595    242,945    -    242,945    -    242,945

PIVSI2

   907    7,937    8,006    -    8,006    -    8,006

BRVGA1

   950,128    15,964,728    15,658,107    2,688    15,660,795    -    15,660,795

BRVHY3

   54,680    362,418    377,293    1,964    379,257    -    379,257

BRVHYI

   909,071    6,389,147    6,281,680    34,296    6,315,976    -    6,315,976

BRVTR1

   38,712    390,689    384,026    1,352    385,378    -    385,378

BRVTR3

   15,158    150,852    148,553    606    149,159    -    149,159

MLVGA2

   94,129    1,580,809    1,539,946    -    1,539,946    1    1,539,945

MLVGA3

   3,551    46,672    45,773    -    45,773    -    45,773

DSIF

   350,613    19,465,056    27,964,899    1,353    27,966,252    -    27,966,252

DVSCS

   295,182    5,134,952    5,723,576    -    5,723,576    420    5,723,156

CLSCV1

   3,704    45,267    49,748    -    49,748    -    49,748

CLVGT2

   17,499    443,041    494,509    -    494,509    14    494,495

CLVLD1

   3,582    34,237    34,206    -    34,206    -    34,206

DWVSVS

   60,143    2,025,175    2,420,748    123    2,420,871    -    2,420,871

DFVEA

   125,110    1,900,930    1,984,245    -    1,984,245    -    1,984,245

DFVGB

   2,755,426    28,195,401    26,837,852    8,064    26,845,916    -    26,845,916

DFVGMI

   761,336    11,570,221    12,447,838    318    12,448,156    -    12,448,156

DFVIPS

   694,210    6,989,552    6,227,060    550    6,227,610    -    6,227,610

DFVIS

   3,115,725    37,524,701    36,111,247    -    36,111,247    1,322    36,109,925

DFVIV

   3,399,226    42,423,404    46,399,439    -    46,399,439    616    46,398,823

DFVSTF

   2,446,196    24,941,126    24,633,192    9,381    24,642,573    -    24,642,573

DFVULV

   1,702,037    49,160,707    55,401,298    5,652    55,406,950    -    55,406,950

DFVUTV

   1,874,862    37,261,606    42,315,634    1,322    42,316,956    -    42,316,956

DSGIBA

   473,900    10,652,051    11,207,733    -    11,207,733    8,653    11,199,080

DSVCGA

   216,621    8,156,901    9,524,835    69    9,524,904    -    9,524,904

FQB

   59,331    642,159    606,368    117    606,485    -    606,485

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

FB2

   8,282    182,339    196,208    -    196,208    -    196,208

FC2

   3,245    175,979    180,088    -    180,088    -    180,088

FCP

   7,814    466,495    452,724    -    452,724    -    452,724

FCS

   617,352    31,620,331    35,485,366    712    35,486,078    -    35,486,078

FDSCS2

   21,087    377,606    396,234    -    396,234    -    396,234

FEIS

   520,862    12,266,590    13,729,930    3,275    13,733,205    -    13,733,205

FEMS

   981,668    11,767,068    11,299,000    469    11,299,469    -    11,299,469

FF10S

   135,071    1,693,307    1,550,617    115    1,550,732    -    1,550,732

FF20S

   280,534    3,800,491    3,545,954    43    3,545,997    -    3,545,997

FF30S

   701,241    10,090,834    11,458,285    -    11,458,285    91    11,458,194

FG2

   13,090    1,269,761    1,213,995    -    1,213,995    30    1,213,965

FGO2

   832    68,088    66,847    -    66,847    -    66,847

FGP

   4,167    459,840    403,981    1    403,982    -    403,982

FGS

   1,143,579    107,492,679    109,726,434    3,843    109,730,277    -    109,730,277

FIGBP

   19,037    214,437    209,032    -    209,032    -    209,032

FIGBP2

   11,659    125,300    123,817    -    123,817    -    123,817

FIGBS

   795,534    9,444,961    8,599,726    -    8,599,726    -    8,599,726

FMC2

   10,775    405,912    382,305    -    382,305    -    382,305

FMCS

   328,187    11,704,633    12,116,656    -    12,116,656    2,014    12,114,642

FNRS2

   478,624    10,602,660    11,979,964    4,682    11,984,646    -    11,984,646

FOS

   393,944    9,626,522    9,970,728    5,557    9,976,285    -    9,976,285

FRESS

   312,967    5,606,341    5,495,706    586    5,496,292    -    5,496,292

FVICA2

   7,210    162,284    162,010    -    162,010    1    162,009

FVSS

   863    12,281    13,318    1    13,319    -    13,319

FVSS2

   84,293    1,412,898    1,325,923    83    1,326,006    -    1,326,006

FEOVF

   2,837    67,248    66,408    -    66,408    -    66,408

FTVDM2

   43,477    394,325    367,383    -    367,383    -    367,383

FTVFA1

   111,979    568,804    592,368    260    592,628    -    592,628

FTVFA2

   254,496    1,438,868    1,333,559    -    1,333,559    -    1,333,559

FTVGB1

   302,669    4,615,487    3,650,189    532    3,650,721    -    3,650,721

FTVGI2

   64,211    986,740    730,723    25    730,748    -    730,748

FTVIS1

   308,387    4,768,805    4,662,810    1,021    4,663,831    -    4,663,831

FTVIS2

   32,743    483,937    470,189    -    470,189    45    470,144

FTVMD1

   50,476    983,827    927,246    -    927,246    -    927,246

FTVSC1

   1,860    36,004    35,321    -    35,321    -    35,321

FTVSVI

   210,556    2,964,735    3,225,715    -    3,225,715    650    3,225,065

FTVUG1

   25,972    273,908    270,887    -    270,887    -    270,887

TIF2

   38,921    505,025    535,555    17    535,572    -    535,572

GVGMNS

   10,390    122,328    127,801    142    127,943    -    127,943

GVMSAS

   60,552    546,217    540,734    17    540,751    -    540,751

GVFRB

   3,232    81,343    80,584    -    80,584    1    80,583

GVTRBE

   924    13,408    13,194    -    13,194    -    13,194

RBF

   709    59,294    53,059    -    53,059    -    53,059

RBKF

   378    39,516    43,978    -    43,978    -    43,978

RELF

   293    73,957    68,640    -    68,640    -    68,640

RESF

   6    1,992    1,864    2    1,866    -    1,866

RHCF

   73    6,312    5,750    -    5,750    -    5,750

RINF

   72    6,931    7,583    -    7,583    -    7,583

ROF

   694    60,207    59,720    -    59,720    -    59,720

RPMF

   206    9,674    8,284    -    8,284    -    8,284

RREF

   90    3,561    3,407    -    3,407    -    3,407

RTEC

   241    48,810    51,192    2    51,194    -    51,194

RTEL

   704    47,048    44,787    -    44,787    -    44,787

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

RTRF

   6    506    525    -    525    -    525

RUTL

   1,380    50,266    51,673    -    51,673    -    51,673

RVARS

   42,298    1,106,742    1,004,155    268    1,004,423    -    1,004,423

RVLCG

   192    9,170    10,738    -    10,738    -    10,738

RVLCV

   158    9,939    9,574    -    9,574    -    9,574

RVMCV

   87    4,285    4,374    -    4,374    -    4,374

RVMFU

   3,469    62,178    57,374    -    57,374    -    57,374

RVSCG

   311    16,948    16,450    -    16,450    -    16,450

RVSCV

   76    6,233    6,481    -    6,481    -    6,481

ACEG

   2,381    173,527    189,361    -    189,361    -    189,361

AVMCCI

   34,771    356,037    388,043    78    388,121    -    388,121

IVBRA1

   1,786,585    16,848,340    15,132,373    -    15,132,373    3,766    15,128,607

IVCPBI

   17,560    99,131    100,095    -    100,095    -    100,095

IVDDI

   3,845    97,216    99,512    -    99,512    -    99,512

IVRE

   105    1,385    1,412    -    1,412    -    1,412

OVAG

   8,605    586,259    671,437    172    671,609    -    671,609

OVGS

   234,365    9,156,755    9,372,276    255    9,372,531    -    9,372,531

OVIG

   5,346,415    11,379,444    9,837,404    1,960    9,839,364    -    9,839,364

OVSB

   96,728    456,946    414,961    63    415,024    -    415,024

OVSC

   279,226    7,594,595    8,167,355    -    8,167,355    755    8,166,600

WRASP

   1,282,692    11,453,384    11,916,208    4,880    11,921,088    -    11,921,088

WRBDP

   234,406    1,203,537    1,089,989    484    1,090,473    -    1,090,473

WRBP

   158,922    974,716    978,959    217    979,176    -    979,176

WRCEP

   138,546    1,701,345    1,988,139    872    1,989,011    -    1,989,011

WRENG

   91,702    300,800    429,165    164    429,329    -    429,329

WRGNR

   154,838    600,341    689,031    227    689,258    -    689,258

WRGP

   229,070    2,199,220    2,448,757    915    2,449,672    -    2,449,672

WRHIP

   1,259,196    3,964,272    3,689,443    1,033    3,690,476    -    3,690,476

WRI2P

   49,064    758,657    810,529    500    811,029    -    811,029

WRIP

   580,187    2,005,827    2,117,682    1,131    2,118,813    -    2,118,813

WRLTBP

   78,427    374,042    368,606    -    368,606    169    368,437

WRMCG

   276,662    3,664,305    2,747,253    606    2,747,859    -    2,747,859

WRPAP

   446,971    1,839,858    1,814,703    590    1,815,293    -    1,815,293

WRPCP

   85,722    395,552    366,889    -    366,889    981    365,908

WRPMAP

   2,599,749    11,742,209    10,840,952    7,741    10,848,693    -    10,848,693

WRPMAV

   128,512    601,798    586,016    -    586,016    1    586,015

WRPMCP

   159,155    709,661    674,815    2,125    676,940    -    676,940

WRPMCV

   240    980    798    -    798    -    798

WRPMMV

   88,643    425,328    379,391    -    379,391    2    379,389

WRPMP

   1,527,179    6,751,713    6,307,247    2,621    6,309,868    -    6,309,868

WRSCP

   211,529    1,567,889    1,389,744    416    1,390,160    -    1,390,160

WRSCV

   36,166    434,823    473,771    -    473,771    128    473,643

WRSTP

   121,596    3,128,006    3,537,223    1,224    3,538,447    -    3,538,447

WRVP

   138,978    739,637    650,417    173    650,590    -    650,590

JABIN

   214    9,541    10,957    -    10,957    -    10,957

JACAS

   122,473    4,934,178    6,253,464    -    6,253,464    70    6,253,394

JAEI

   128,194    10,183,305    10,791,340    318    10,791,658    -    10,791,658

JAFBS

   4,309    47,000    46,842    -    46,842    -    46,842

JAGSEI

   17,796    193,376    204,651    -    204,651    -    204,651

JAGTS

   3,679,332    56,839,428    77,854,670    2,204    77,856,874    -    77,856,874

JAIG

   562    25,587    24,679    -    24,679    -    24,679

JAIGS

   100,942    3,551,986    4,216,352    -    4,216,352    809    4,215,543

JAMGS

   274,715    19,553,265    20,526,718    644    20,527,362    -    20,527,362

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

JAWGS

   1,152    80,948    80,585    1    80,586    -    80,586

JMCVIN

   1,018    17,896    18,945    -    18,945    -    18,945

LPVCII

   62,464    1,436,674    1,324,245    -    1,324,245    -    1,324,245

LVCLGI

   32,130    1,534,388    1,523,915    1    1,523,916    -    1,523,916

SBVSG

   590    16,562    16,346    -    16,346    -    16,346

SBVSG2

   11,447    289,072    291,555    1    291,556    -    291,556

LACIP2

   1,271,349    11,725,672    11,681,155    4,321    11,685,476    -    11,685,476

LACIPS

   53,269    491,094    488,158    -    488,158    9    488,149

LACMV2

   210,222    4,031,787    4,132,330    100    4,132,430    -    4,132,430

LOVBD

   1,144    11,927    11,902    -    11,902    -    11,902

LOVTRC

   1,593,859    23,804,406    22,138,705    3,763    22,142,468    -    22,142,468

MFBIE

   207,315    2,657,805    2,842,286    409    2,842,695    -    2,842,695

MFBOV

   356,641    5,017,625    5,592,135    333    5,592,468    -    5,592,468

MFFCA

   222,730    5,867,595    5,474,698    231    5,474,929    -    5,474,929

MFTCG

   231,786    7,120,388    7,674,432    698    7,675,130    -    7,675,130

MMCGSC

   78,728    625,224    618,802    -    618,802    -    618,802

MNDIC

   308,953    5,463,032    4,266,643    314    4,266,957    -    4,266,957

MNDSC

   7,934    84,116    85,286    -    85,286    -    85,286

MV2IGI

   883    17,674    21,142    1    21,143    -    21,143

MV2RIS

   7,963    140,075    134,249    -    134,249    -    134,249

MV3LMI

   14,410    145,831    145,541    -    145,541    -    145,541

MV3LMS

   5,217    52,349    52,744    -    52,744    -    52,744

MV3MVI

   921,487    9,369,920    9,758,549    -    9,758,549    2,977    9,755,572

MVFIC

   1,405,039    29,403,632    30,390,995    -    30,390,995    2,148    30,388,847

MVIGIC

   712,353    10,894,062    11,248,057    -    11,248,057    1,969    11,246,088

MVIVIC

   423,588    11,949,065    12,618,694    1,329    12,620,023    -    12,620,023

MVIVSC

   1,840    43,259    53,685    -    53,685    -    53,685

MVUIC

   81,310    2,828,997    2,782,436    28    2,782,464    -    2,782,464

DTRTFB

   189,338    1,666,227    1,516,601    78    1,516,679    -    1,516,679

DTRTFY

   1,304    11,032    10,458    -    10,458    -    10,458

EIF

   212,967    4,189,218    4,308,321    7    4,308,328    -    4,308,328

GBF

   224,707    2,203,093    2,078,537    145    2,078,682    -    2,078,682

GEM

   1,450,526    17,228,242    15,941,278    -    15,941,278    2,250    15,939,028

GIG

   120,743    1,323,427    1,409,074    249    1,409,323    -    1,409,323

GVAAA2

   2,989,705    77,449,451    84,967,415    -    84,967,415    108,069    84,859,346

GVABD2

   108,441    1,256,747    1,192,856    249    1,193,105    -    1,193,105

GVAGG2

   215,533    7,302,191    8,076,024    92    8,076,116    -    8,076,116

GVAGI2

   67,317    3,911,771    4,968,652    1,719    4,970,371    -    4,970,371

GVAGR2

   101,011    10,136,004    13,792,071    646    13,792,717    -    13,792,717

GVDMA

   963,228    10,307,552    9,747,865    2    9,747,867    -    9,747,867

GVDMC

   63,196    653,251    616,797    -    616,797    2    616,795

GVEX1

   29,668,771    310,933,150    336,443,868    -    336,443,868    44,006    336,399,862

GVEXD

   296,567    3,009,037    3,389,762    5    3,389,767    -    3,389,767

GVIDA

   192,469    2,141,299    2,213,388    1    2,213,389    -    2,213,389

GVIDC

   50,783    512,388    496,658    1    496,659    -    496,659

GVIDM

   481,838    4,805,882    4,543,729    -    4,543,729    45    4,543,684

GVIX2

   271,112    2,822,221    2,846,678    552    2,847,230    -    2,847,230

GVIXY

   24,213    254,724    255,206    -    255,206    -    255,206

HIBF

   707,738    4,442,862    4,119,036    1,694    4,120,730    -    4,120,730

IDPG

   608,150    6,537,668    6,847,765    2    6,847,767    -    6,847,767

IDPGI

   214,360    2,285,084    2,392,262    -    2,392,262    1    2,392,261

MCIF

   1,366,073    27,923,642    27,526,363    1,076    27,527,439    -    27,527,439

MCIFD

   11,768    238,010    237,955    -    237,955    2    237,953

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

MSBF

   350,324    3,103,203    3,030,303    262    3,030,565    -    3,030,565

NCPG

   695,974    8,122,777    9,513,965    6    9,513,971    -    9,513,971

NCPGI

   654,997    7,415,243    8,416,709    -    8,416,709    62    8,416,647

NJNDE2

   13,225    261,820    277,861    -    277,861    -    277,861

NVAMV1

   230,641    3,503,481    4,086,957    -    4,086,957    16    4,086,941

NVAMVX

   273,321    4,652,020    4,835,048    75    4,835,123    -    4,835,123

NVBX

   1,182,820    11,321,250    10,669,036    476    10,669,512    -    10,669,512

NVBXD

   37,724    351,647    340,643    2    340,645    -    340,645

NVCBD1

   324,779    3,397,532    2,916,516    302    2,916,818    -    2,916,818

NVCCA1

   3,409,268    35,975,919    40,877,129    -    40,877,129    99,592    40,777,537

NVCCAY

   158,885    1,911,383    2,059,146    -    2,059,146    -    2,059,146

NVCCN1

   318,123    3,281,297    3,486,630    15    3,486,645    -    3,486,645

NVCCNY

   10,503    115,370    117,736    -    117,736    -    117,736

NVCMA1

   7,676,000    72,600,664    88,888,081    149,899    89,037,980    -    89,037,980

NVCMAY

   81,203    1,012,915    1,007,724    -    1,007,724    -    1,007,724

NVCMC1

   368,734    3,884,175    4,303,128    -    4,303,128    16    4,303,112

NVCMD1

   3,509,765    37,630,124    42,503,259    -    42,503,259    147,809    42,355,450

NVCMDY

   59,218    775,616    768,061    -    768,061    -    768,061

NVCRA1

   4,873,966    53,860,257    69,015,355    -    69,015,355    129,910    68,885,445

NVCRAY

   213,031    3,214,756    3,216,772    -    3,216,772    51    3,216,721

NVCRB1

   1,348,822    14,839,843    16,415,164    194    16,415,358    -    16,415,358

NVCRBY

   41,852    540,663    536,962    -    536,962    -    536,962

NVDBL2

   22,560    317,407    318,325    -    318,325    882    317,443

NVDBLP

   720,848    9,947,538    10,185,585    -    10,185,585    5,172    10,180,413

NVDCAP

   995,755    13,520,525    13,731,455    -    13,731,455    727    13,730,728

NVDMAP

   11,993,745    126,892,552    120,417,196    10,318    120,427,514    -    120,427,514

NVDMCP

   275,772    2,724,209    2,683,264    210    2,683,474    -    2,683,474

NVFIII

   244,175    2,377,665    2,280,596    -    2,280,596    -    2,280,596

NVFIY

   5,369    50,235    49,448    -    49,448    -    49,448

NVGEII

   245,184    4,340,156    4,459,891    -    4,459,891    100    4,459,791

NVGEY

   48,746    802,502    842,811    -    842,811    16    842,795

NVIDAP

   4,638,709    50,900,028    53,113,222    2,954    53,116,176    -    53,116,176

NVIDCP

   395,453    3,898,843    3,871,485    682    3,872,167    -    3,872,167

NVIDMP

   3,782,924    37,936,609    35,559,489    -    35,559,489    18,340    35,541,149

NVIE6

   5,475    53,924    63,077    1    63,078    -    63,078

NVIX

   1,325,574    13,875,638    13,945,035    91    13,945,126    -    13,945,126

NVLCP1

   2,336,090    25,321,573    22,753,515    1,736    22,755,251    -    22,755,251

NVMIG1

   360,643    3,777,448    2,755,309    29    2,755,338    -    2,755,338

NVMIVX

   396,116    3,895,131    4,559,300    47    4,559,347    -    4,559,347

NVMLG1

   1,742,770    15,134,112    17,044,293    487    17,044,780    -    17,044,780

NVMM2

   642,947    642,947    642,947    293    643,240    -    643,240

NVMMG1

   933,523    9,553,777    6,936,078    -    6,936,078    116    6,935,962

NVMMV1

   1,339,743    10,714,193    10,825,124    2,774    10,827,898    -    10,827,898

NVMMV2

   70,536    613,132    575,577    -    575,577    29    575,548

NVNMO1

   132,290    1,503,096    1,322,903    379    1,323,282    -    1,323,282

NVNSR2

   157,515    2,046,401    1,789,375    116    1,789,491    -    1,789,491

NVOLG1

   1,356,477    27,681,403    34,752,953    -    34,752,953    1,043    34,751,910

NVRE1

   2,129,388    15,048,820    16,992,515    216    16,992,731    -    16,992,731

NVSIX2

   2,865,620    23,819,221    24,644,333    722    24,645,055    -    24,645,055

NVSIXD

   89,360    715,561    784,580    -    784,580    8    784,572

NVSTB1

   655,103    6,401,947    6,374,156    359    6,374,515    -    6,374,515

NVSTB2

   4,630    45,990    44,867    1,047    45,914    -    45,914

NVTIV3

   48,063    510,747    558,013    -    558,013    5    558,008

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

SAM

   29,292,535    29,292,535    29,292,535    -    29,292,535    64    29,292,471

SAM5

   44,585,641    44,585,641    44,585,641    -    44,585,641    107,868    44,477,773

SAMY

   8,054,597    8,054,597    8,054,597    -    8,054,597    13    8,054,584

SCF

   181,843    3,565,889    3,631,409    -    3,631,409    218    3,631,191

SCGF

   886,640    14,371,235    14,744,823    228    14,745,051    -    14,745,051

SCVF

   497,888    4,415,345    4,914,157    -    4,914,157    193    4,913,964

TRF

   452,087    9,661,546    10,398,011    65    10,398,076    -    10,398,076

AMMCGS

   3,324    88,258    88,483    -    88,483    -    88,483

AMSRS

   4,613    123,915    184,212    2    184,214    -    184,214

AMTB

   56,615    579,660    546,900    14    546,914    -    546,914

NASCV

   518    22,814    22,959    -    22,959    -    22,959

NOTAG1

   1,337    27,194    28,059    -    28,059    -    28,059

NOTAG2

   165,731    3,448,988    3,422,340    -    3,422,340    51    3,422,289

NOTB3

   167,382    2,649,614    2,373,483    33    2,373,516    -    2,373,516

NOTBE2

   57,746    815,086    806,713    -    806,713    1    806,712

NOTC2

   7,341    94,127    93,379    -    93,379    -    93,379

NOTG3

   356,660    5,223,520    4,501,054    868    4,501,922    -    4,501,922

NOTGR1

   1,766    35,003    35,868    -    35,868    -    35,868

NOTGR2

   78,701    1,590,955    1,555,912    -    1,555,912    -    1,555,912

NOTMD1

   370    5,522    5,669    -    5,669    -    5,669

NOTMD2

   25,689    378,697    375,571    -    375,571    -    375,571

NOTMG3

   264,759    2,955,857    3,298,896    3    3,298,899    -    3,298,899

MNCPS2

   3,799    55,182    57,477    -    57,477    -    57,477

PMVAAA

   83,703    870,364    735,746    90    735,836    -    735,836

PMVEBA

   80    853    853    -    853    -    853

PMVFBA

   110,085    961,899    778,297    7    778,304    -    778,304

PMVHYA

   5    33    34    -    34    -    34

PMVID

   43,605    438,387    431,252    -    431,252    4    431,248

PMVLDA

   541,586    5,447,969    5,220,888    227    5,221,115    -    5,221,115

PMVRRA

   7,505    86,317    86,379    -    86,379    -    86,379

PMVRSA

   1,194,809    8,005,212    6,511,709    1,978    6,513,687    -    6,513,687

PMVTRA

   20,946    190,772    189,354    -    189,354    45    189,309

PVGCBA

   1,088    9,401    9,538    -    9,538    -    9,538

PVSTA

   88,431    909,395    912,612    7    912,619    -    912,619

PVEIIA

   348,552    10,209,079    11,481,299    2,218    11,483,517    -    11,483,517

PVIVIA

   90,056    1,027,675    1,100,479    -    1,100,479    1    1,100,478

PVNOB

   16,770    762,031    809,992    -    809,992    -    809,992

ROCMC

   3,032    30,343    29,561    -    29,561    -    29,561

TRBCG2

   444    22,099    25,005    -    25,005    1    25,004

TRHS2

   22,148    1,060,607    1,054,683    52    1,054,735    -    1,054,735

TRHSP

   876,287    46,621,511    44,918,483    9,944    44,928,427    -    44,928,427

TRMCG2

   21,783    617,274    579,209    -    579,209    27    579,182

VWEM

   491    4,787    4,506    -    4,506    -    4,506

VWHA

   140,605    3,849,281    3,540,429    355    3,540,784    -    3,540,784

VVB

   12,707    297,740    314,763    -    314,763    1    314,762

VVCG

   10,948    507,089    557,679    -    557,679    7    557,672

VVDV

   7,932    117,580    132,063    -    132,063    4    132,059

VVEI

   16,231    381,064    406,745    -    406,745    5    406,740

VVEIX

   14,941    934,233    1,077,834    -    1,077,834    21    1,077,813

VVG

   16,043    468,666    539,683    -    539,683    -    539,683

VVGBI

   406    7,464    7,470    -    7,470    -    7,470

VVHGB

   102,790    1,055,595    1,075,179    -    1,075,179    -    1,075,179

VVHYB

   7,762    54,385    57,442    -    57,442    -    57,442

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2024

 

Subaccount*,**    Shares    Cost    Investments, at
fair value
   Accounts
Receivable
   Total Assets    Accounts
Payable
   Contract
Owners’
Equity

VVI

   25,766    649,649    659,612    -    659,612    -    659,612

VVMA

   34,508    1,052,119    1,061,128    -    1,061,128    -    1,061,128

VVMCI

   19,024    445,161    510,603    -    510,603    5    510,598

VVREI

   31,522    356,098    370,070    1    370,071    -    370,071

VVSTC

   17,730    180,511    184,748    -    184,748    -    184,748

VVTISI

   49,284    972,806    1,053,682    1    1,053,683    -    1,053,683

VVTSM

   50,289    2,413,148    2,824,238    -    2,824,238    1    2,824,237

VRVDRA

   4,133    84,589    86,665    -    86,665    -    86,665

VRVDRI

   98,144    1,920,185    2,047,291    -    2,047,291    209    2,047,082

* 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, 2024, if applicable.

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    ABTGB      ALVDAA      ALVGIA      ALVIVB      ALVSVA      ALVSVB      APTGBS      ALCAI2  

Reinvested dividends

   $ -        1,708        2,109        6,766        46,776        22        471        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        1,708        2,109        6,766        46,776        22        471        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     147        (2,708      5,005        5,664        (27,762      2        6,366        3,736  

Change in unrealized gain (loss) on investments

     (17      13,782        (2,312      483        225,750        80        (2,082      4,530  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     130        11,074        2,693        6,147        197,988        82        4,284        8,266  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     42        -        5,011        -        266,340        173        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 172        12,782        9,813        12,913        511,104        277        4,755        8,266  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    WFVSCG      AAEIP3      AFGF      AMVAA2      AMVAA4      AMVBC4      AMVBD4      AMVGG1  

Reinvested dividends

   $ -        3,727        3,987        123,345        8        61,558        6,825        3,304  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        3,727        3,987        123,345        8        61,558        6,825        3,304  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (57,353      618        3,555        19,256        3        74,334        (636      27  

Change in unrealized gain (loss) on investments

     328,880        (1,850      101,478        98,187        (18      386,744        (2,297      (1,497
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     271,527        (1,232      105,033        117,443        (15      461,078        (2,933      (1,470
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        2,996        3,830        65,287        -        25,757        -        827  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 271,527        5,491        112,850        306,075        (7      548,393        3,892        2,661  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    AMVGI1      AMVGI4      AMVGR4      AMVGS4      AMVGV2      AMVI4      AMVNW1      AMVNW2  

Reinvested dividends

   $ 11,463        1,329        420        636        27,813        1,250        821        67,551  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     11,463        1,329        420        636        27,813        1,250        821        67,551  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     1,870        13,400        34,228        623        94,330        762        43        42,750  

Change in unrealized gain (loss) on investments

     57,635        8,410        23,241        (2,820      (25,245      (762      (5,070      144,301  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     59,505        21,810        57,469        (2,197      69,085        -        (5,027      187,051  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     12,584        7,109        5,618        2,610        -        -        3        21,160  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 83,552        30,248        63,507        1,049        96,898        1,250        (4,203      275,762  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    AMVNW4      AMVWM1      PIVB2      PIVMV2      PIVSI2      BRVGA1      BRVHY3      BRVHYI  

Reinvested dividends

   $ 3,777        13,645        361        3,625        299        211,371        23,645        362,984  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     3,777        13,645        361        3,625        299        211,371        23,645        362,984  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     10,965        1,353        (56      (551      2        76,110        1,314        (17,971

Change in unrealized gain (loss) on investments

     (828      24,506        (28      6,361        22        74,345        1,941        68,795  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     10,137        25,859        (84      5,810        24        150,455        3,255        50,824  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     1,231        1,339        -        12,662        -        987,148        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 15,145        40,843        277        22,097        323        1,348,974        26,900        413,808  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    BRVTR1      BRVTR3      MLVGA2      MLVGA3      DCAP      DSIF      DVSCS      CLSCV1  

Reinvested dividends

   $ 7,112        8,009        19,049        591        -        309,105        63,072        30  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     7,112        8,009        19,049        591        -        309,105        63,072        30  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     48        231        (4,846      211        30        993,733        13,232        12  

Change in unrealized gain (loss) on investments

     (6,664      (3,776      19,663        (1,021      (32      2,760,932        233,691        4,481  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (6,616      (3,545      14,817        (810      (2      3,754,665        246,923        4,493  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        99,064        3,169        2        1,669,781        123,564        173  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 496        4,464        132,930        2,950        -        5,733,551        433,559        4,696  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    CLVGT2      CLVLD1      CSCRS      DWVSVS      DFVEA      DFVGB      DFVGMI      DFVIPS  

Reinvested dividends

   $ -        366        73        23,054        34,221        1,290,314        333,381        177,051  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        366        73        23,054        34,221        1,290,314        333,381        177,051  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     503        1        (82      551        32,831        (163,388      132,880        (165,972

Change in unrealized gain (loss) on investments

     44,188        (30      11        132,654        46,725        201,628        519,143        107,143  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     44,691        (29      (71      133,205        79,556        38,240        652,023        (58,829
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     33,348        -        -        86,596        21,633        -        71,192        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 78,039        337        2        242,855        135,410        1,328,554        1,056,596        118,222  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    DFVIS      DFVIV      DFVSTF      DFVULV      DFVUTV      DSGIBA      DSVCGA      FQB  

Reinvested dividends

   $ 1,252,510        1,848,719        1,171,182        1,123,690        584,361        347,472        14,088        17,835  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     1,252,510        1,848,719        1,171,182        1,123,690        584,361        347,472        14,088        17,835  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     164,621        658,704        14,091        2,022,638        1,099,975        (14,575      112,968        (2,745

Change in unrealized gain (loss) on investments

     (1,126,092      (781,633      35,719        (2,301,584      (1,353,242      532,491        1,096,805        7,905  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (961,471      (122,929      49,810        (278,946      (253,267      517,916        1,209,773        5,160  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     979,542        954,126        -        5,661,575        2,846,631        -        568,171        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 1,270,581        2,679,916        1,220,992        6,506,319        3,177,725        865,388        1,792,032        22,995  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    FB2      FC2      FCP      FCS      FDSCS2      FEIS      FEMS      FF10S  

Reinvested dividends

   $ 2,721        30        640        27,423        2,734        229,428        145,720        54,450  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     2,721        30        640        27,423        2,734        229,428        145,720        54,450  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     9,322        18,196        426        437,875        115        233,382        96,401        (17,440

Change in unrealized gain (loss) on investments

     7,135        (5,602      (13,771      3,069,953        18,537        594,074        650,838        42,093  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     16,457        12,594        (13,345      3,507,828        18,652        827,456        747,239        24,653  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     1,356        16,483        47,628        3,937,115        2,230        789,932        -        1,313  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 20,534        29,107        34,923        7,472,366        23,616        1,846,816        892,959        80,416  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    FF20S      FF30S      FG2      FGO2      FGP      FGS      FIGBP      FIGBP2  

Reinvested dividends

   $  99,999        248,440        -        -        3        -        6,002        3,999  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     99,999        248,440        -        -        3        -        6,002        3,999  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     2,388        123,781        13,253        1,253        1,486        1,741,849        567        847  

Change in unrealized gain (loss) on investments

     54,466        587,353        (79,267      (1,241      (55,862      (1,180,680      (5,405      (3,598
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     56,854        711,134        (66,014      12        (54,376      561,169        (4,838      (2,751
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     102,821        24,751        246,259        -        77,879        22,762,154        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $  259,674        984,325        180,245        12        23,506        23,323,323        1,164        1,248  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    FIGBS      FMC2      FMCS      FNRS2      FOS      FRESS      FVFRHI      FVICA2  

Reinvested dividends

   $  293,268        1,291        55,579        262,751        162,489        219,357        -        971  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     293,268        1,291        55,579        262,751        162,489        219,357        -        971  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (255,621      550        93,697        2,104,675        99,783        (53,432      (21      3,250  

Change in unrealized gain (loss) on investments

     101,913        (24,944      156,485        (1,905,665      (333,472      185,251        23        (2,301
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (153,708      (24,394      250,182        199,010        (233,689      131,819        2        949  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        43,788        1,525,474        -        468,313        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $  139,560        20,685        1,831,235        461,761        397,113        351,176        2        1,920  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    FVSS      FVSS2      FEOVF      FTVDM2      FTVFA1      FTVFA2      FTVGB1      FTVGI2  

Reinvested dividends

   $ 124        10,278        906        13,823        13,510        26,805        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     124        10,278        906        13,823        13,510        26,805        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     212        62,464        50        8,856        (21,217      (87,169      (101,208      (9,259

Change in unrealized gain (loss) on investments

     (1,037      (154,250      (500      401        61,150        186,856        (352,490      (80,811
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (825      (91,786      (450      9,257        39,933        99,687        (453,698      (90,070
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     1,858        178,378        358        2,656        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 1,157        96,870        814        25,736        53,443        126,492        (453,698      (90,070
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    FTVIS1      FTVIS2      FTVMD1      FTVSC1      FTVSVI      FTVUG1      TIF2      GVGMNS  

Reinvested dividends

   $ 233,274        24,218        7,550        -        34,796        -        12,529        3,881  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     233,274        24,218        7,550        -        34,796        -        12,529        3,881  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (45,035      (868      121        72        (58,160      37        (9,520      (1,177

Change in unrealized gain (loss) on investments

     118,764        7,071        (56,582      (684      318,992        (3,021      (11,385      10,672  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     73,729        6,203        (56,461      (612      260,832        (2,984      (20,905      9,495  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     18,232        1,984        27,684        -        68,614        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 325,235        32,405        (21,227      (612      364,242        (2,984      (8,376      13,376  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    GVMSAS      GVFRB      GVTRBE      RBF      RBKF      RELF      RESF      RHCF  

Reinvested dividends

   $ 14,777        3,964        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     14,777        3,964        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (1,073      992        -        1,139        1,349        1,100        (55      39  

Change in unrealized gain (loss) on investments

     4,157        (1,313      (214      (9,459      4,463        (5,420      (124      (596
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     3,084        (321      (214      (8,320      5,812        (4,320      (179      (557
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        -        3,582        -        1,118        -        163  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 17,861        3,643        (214      (4,738      5,812        (3,202      (179      (394
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    RHYS      RINF      ROF      RPMF      RREF      RTEC      RTEL      RTRF  

Reinvested dividends

   $ 145        -        145        88        -        -        2        1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     145        -        145        88        -        -        2        1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     111        14        8,820        1,029        -        2,148        73        (1

Change in unrealized gain (loss) on investments

     (26      652        (693      (1,435      (154      2,117        (2,285      15  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     85        666        8,127        (406      (154      4,265        (2,212      14  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        1,343        -        -        1,036        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 230        666        9,615        (318      (154      5,301        (2,210      15  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    RUTL      RVARS      RVLCG      RVLCV      RVMCG      RVMCV      RVMFU      RVSCG  

Reinvested dividends

   $ 90        57,310        10        194        -        1        1,273        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     90        57,310        10        194        -        1        1,273        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     161        11,755        972        3,847        (1,220      (193      99        (28

Change in unrealized gain (loss) on investments

     1,407        (106,351      1,555        (430      -        87        (4,804      (498
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     1,568        (94,596      2,527        3,417        (1,220      (106      (4,705      (526
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        69        -        -        36        681        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 1,658        (37,286      2,606        3,611        (1,220      (69      (2,751      (526
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    RVSCV      ACEG      AVMCCI      IVBRA1      IVCPBI      IVDDI      IVRE      OVAG  

Reinvested dividends

   $ -        -        1,236        936,145        3,598        1,835        37        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        -        1,236        936,145        3,598        1,835        37        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (602      120        (3,343      (162,504      256        (466      -        (88,027

Change in unrealized gain (loss) on investments

     248        48,620        51,899        (278,541      (400      5,000        27        218,267  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (354      48,740        48,556        (441,045      (144      4,534        27        130,240  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        8,909        -        -        3,906        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ (354      48,740        58,701        495,100        3,454        10,275        64        130,240  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    OVGI      OVGS      OVIG      OVSB      OVSC      WRASP      WRBDP      WRBP  

Reinvested dividends

   $ -        -        67,224        12,719        -        225,456        29,700        12,523  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        -        67,224        12,719        -        225,456        29,700        12,523  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     81        (138,492      (71,445      (2,547      63,282        28,080        (6,163      (33,213

Change in unrealized gain (loss) on investments

     (64      913,701        (890,144      2,694        428,143        641,459        377        161,202  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     17        775,209        (961,589      147        491,425        669,539        (5,786      127,989  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        497,411        689,415        -        259,417        452,790        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 17        1,272,620        (204,950      12,866        750,842        1,347,785        23,914        140,512  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    WRCEP      WRENG      WRGNR      WRGP      WRHIP      WRI2P      WRIP      WRLTBP  

Reinvested dividends

   $ 6,683        12,759        35,262        -        233,154        10,766        18,485        15,950  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     6,683        12,759        35,262        -        233,154        10,766        18,485        15,950  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     72,681        3,142        12,213        (50,104      (86,464      (10,185      13,833        (438

Change in unrealized gain (loss) on investments

     144,203        (40,781      (52,957      250,083        70,550        26,898        187,220        (463
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     216,884        (37,639      (40,744      199,979        (15,914      16,713        201,053        (901
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     196,153        -        -        321,494        -        1,949        15,038        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 419,720        (24,880      (5,482      521,473        217,240        29,428        234,576        15,049  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    WRMCG     WRPAP     WRPCP     WRPMAP     WRPMAV     WRPMCP     WRPMCV     WRPMMV  

Reinvested dividends

   $ -       20,129       6,500       156,312       6,696       10,607       10       4,856  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net investment income (loss)

     -       20,129       6,500       156,312       6,696       10,607       10       4,856  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Realized gain (loss) on investments

     (380,391     (52,498     (13,417     (286,840     (11,562     (37,525     (11     (2,600

Change in unrealized gain (loss) on investments

     369,279       198,095       31,633       1,151,648       49,197       82,043       54       24,633  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net gain (loss) on investments

     (11,112     145,597       18,216       864,808       37,635       44,518       43       22,033  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Reinvested capital gains

     86,656       7,943       3,986       -       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 75,544       173,669       28,702       1,021,120       44,331       55,125       53       26,889  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Investment Activity*:    WRPMP     WRSCP     WRSCV     WRSTP     WRVP     JABIN     JACAS     JAEI  

Reinvested dividends

   $ 95,919       -       1,208       -       9,860       209       629       66,238  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net investment income (loss)

     95,919       -       1,208       -       9,860       209       629       66,238  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Realized gain (loss) on investments

     (270,940     (61,186     (6,400     82,731       (42,397     312       152,880       8,527  

Change in unrealized gain (loss) on investments

     712,958       250,057       55,323       695,208       3,899       825       887,897       757,769  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net gain (loss) on investments

     442,018       188,871       48,923       777,939       (38,498     1,137       1,040,777       766,296  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Reinvested capital gains

     -       -       675       100,698       68,799       -       382,454       340,376  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 537,937       188,871       50,806       878,637       40,161       1,346       1,423,860       1,172,910  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    JAFBS      JAGSEI      JAGTS      JAIG      JAIGS      JAMGS      JAWGS      JMCVIN  

Reinvested dividends

   $ 1,847        383        -        226        50,797        108,475        149        110  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     1,847        383        -        226        50,797        108,475        149        110  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (6      4,163        2,814,738        (17      81,258        (6,907      8,230        44  

Change in unrealized gain (loss) on investments

     (1,065      3,743        15,053,067        (908      9,291        1,471,420        (363      740  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (1,071      7,906        17,867,805        (925      90,549        1,464,513        7,867        784  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        1,274        -        -        -        747,825        -        640  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 776        9,563        17,867,805        (699      141,346        2,320,813        8,016        1,534  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    LPVCII      LVCLGI      SBVSG      SBVSG2      LACIP2      LACIPS      LACMV2      LOVBD  

Reinvested dividends

   $ 10,527        -        -        -        403,489        16,184        86,009        89  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     10,527        -        -        -        403,489        16,184        86,009        89  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     965        3,909        6        8,403        15,017        743        5,578        -  

Change in unrealized gain (loss) on investments

     (112,428      (11,713      (216      (1,676      (44,517      (2,935      100,543        (21
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (111,463      (7,804      (210      6,727        (29,500      (2,192      106,121        (21
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     111,326        58,232        529        10,683        -        -        75,140        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 10,390        50,428        319        17,410        373,989        13,992        267,270        68  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    LOVTRC      MFBIE      MFBOV      MFFCA      MFTCG      MMCGSC      MNDIC      MNDSC  

Reinvested dividends

   $ 1,038,004        83,556        104,209        110,330        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     1,038,004        83,556        104,209        110,330        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (68,725      7,197        52,428        296,978        324,573        5,062        (639,188      898  

Change in unrealized gain (loss) on

     (501,963      6,404        249,916        (359,810      619,943        (8,525      936,209        417  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (570,688      13,601        302,344        (62,832      944,516        (3,463      297,021        1,315  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        448,400        362,397        716,150        22,033        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 467,316        97,157        854,953        409,895        1,660,666        18,570        297,021        1,315  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    MV2IGI      MV2RIS      MV3LMI      MV3LMS      MV3MVI      MVFIC      MVIGIC      MVIVIC  

Reinvested dividends

   $ 72        897        1,223        1,583        85,817        473,065        94,149        173,442  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     72        897        1,223        1,583        85,817        473,065        94,149        173,442  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     201        71        14        14,953        (4,989      208,572        10,572        182,163  

Change in unrealized gain (loss) on investments

     963        (5,826      (290      224        323,188        91,564        505,222        (32,404
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     1,164        (5,755      (276      15,177        318,199        300,136        515,794        149,759  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     1,795        -        -        -        289,375        2,142,521        30,585        559,267  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 3,031        (4,858      947        16,760        693,391        2,915,722        640,528        882,468  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    MVIVSC      MVUIC      MGRFV      DTRTFB      DTRTFY      EIF      GBF      GEM  

Reinvested dividends

   $ 633        23,017        -        126,276        999        75,957        71,759        205,356  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     633        23,017        -        126,276        999        75,957        71,759        205,356  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     865        (57,228      (22      (34,577      1,041        43,746        (113,105      211,347  

Change in unrealized gain (loss) on investments

     (325      57,430        22        (51,767      (1,404      107,800        66,006        530,790  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     540        202        -        (86,344      (363      151,546        (47,099      742,137  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     2,464        28,403        -        -        -        170,514        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 3,637        51,622        -        39,932        636        398,017        24,660        947,493  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    GIG      GVAAA2      GVABD2      GVAGG2      GVAGI2      GVAGR2      GVDMA      GVDMC  

Reinvested dividends

   $ 33,631        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     33,631        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     855        1,220,619        (5,586      199,940        121,713        316,371        (67,494      (7,441

Change in unrealized gain (loss) on investments

     83,020        7,669,804        16,036        347,493        633,536        2,536,975        1,114,718        39,102  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     83,875        8,890,423        10,450        547,433        755,249        2,853,346        1,047,224        31,661  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        2,878,677        -        458,979        248,815        454,507        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 117,506        11,769,100        10,450        1,006,412        1,004,064        3,307,853        1,047,224        31,661  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    GVEX1      GVEXD      GVIDA      GVIDC      GVIDM      GVIX2      GVIXY      HIBF  

Reinvested dividends

   $ 3,104,912        32,080        -        -        -        97,007        9,461        226,466  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     3,104,912        32,080        -        -        -        97,007        9,461        226,466  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (8,716,864      110,452        (19,888      (4,168      (202,202      62,739        3,521        (38,600

Change in unrealized gain (loss) on investments

     65,334,823        278,415        275,740        22,832        601,759        (105,409      (8,818      61,778  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     56,617,959        388,867        255,852        18,664        399,557        (42,670      (5,297      23,178  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     206,670        1,635        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 59,929,541        422,582        255,852        18,664        399,557        54,337        4,164        249,644  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    IDPG      IDPGI      MCIF      MCIFD      MSBF      NCPG      NCPGI      NJNDE2  

Reinvested dividends

   $ -        -        281,970        2,506        188,367        -        -        1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        -        281,970        2,506        188,367        -        -        1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     8,415        (6,270      92,608        387        (6,821      119,178        95,450        717  

Change in unrealized gain (loss) on investments

     535,490        165,794        1,517,441        (567      84,468        804,464        546,366        16,042  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     543,905        159,524        1,610,049        (180      77,647        923,642        641,816        16,759  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        1,213,924        5,047        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 543,905        159,524        3,105,943        7,373        266,014        923,642        641,816        16,760  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    NVAMV1      NVAMVX      NVBX      NVBXD      NVCBD1      NVCCA1      NVCCAY      NVCCN1  

Reinvested dividends

   $ 70,416        89,833        296,242        10,306        94,909        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     70,416        89,833        296,242        10,306        94,909        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     14,988        162,427        (335,581      487        (53,600      226,096        7,268        8,297  

Change in unrealized gain (loss) on investments

     197,478        80,376        122,699        (12,164      (4,387      3,928,473        104,303        163,781  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     212,466        242,803        (212,882      (11,677      (57,987      4,154,569        111,571        172,078  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     284,898        330,849        -        -        -        372,865        13,194        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 567,780        663,485        83,360        (1,371      36,922        4,527,434        124,765        172,078  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    NVCCNY      NVCMA1      NVCMAY      NVCMC1      NVCMD1      NVCMDY      NVCRA1      NVCRAY  

Reinvested dividends

   $ -        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     775        480,745        (13,188      11,750        29,065        1,166        977,012        8,092  

Change in unrealized gain (loss) on investments

     2,339        8,810,451        (5,223      297,114        3,656,013        (7,584      7,316,418        1,979  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     3,114        9,291,196        (18,411      308,864        3,685,078        (6,418      8,293,430        10,071  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        1,409,276        4,379        5,366        557,549        2,121        664,597        15,310  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 3,114        10,700,472        (14,032      314,230        4,242,627        (4,297      8,958,027        25,381  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    NVCRB1      NVCRBY      NVDBL2      NVDBLP      NVDCA2      NVDCAP      NVDMAP      NVDMCP  

Reinvested dividends

   $ -        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     67,972        878        (4,235      (189,279      (565      (894,060      (1,203,137      (26,108

Change in unrealized gain (loss) on investments

     1,223,468        (3,731      36,421        1,031,710        660        2,435,404        13,397,119        178,068  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     1,291,440        (2,853      32,186        842,431        95        1,541,344        12,193,982        151,960  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     131,298        635        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 1,422,738        (2,218      32,186        842,431        95        1,541,344        12,193,982        151,960  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    NVFIII      NVFIY      NVGEII      NVGEY      NVIDAP      NVIDCP      NVIDMP      NVIE6  

Reinvested dividends

   $ 63,248        1,594        49,285        4,680        -        -        -        1,475  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     63,248        1,594        49,285        4,680        -        -        -        1,475  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (9,081      2,118        225,033        6,506        (382,497      (6,737      (688,537      5,821  

Change in unrealized gain (loss) on investments

     (62,134      (2,261      31,703        21,759        6,224,191        159,040        3,669,116        154  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (71,215      (143      256,736        28,265        5,841,694        152,303        2,980,579        5,975  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        -        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ (7,967      1,451        306,021        32,945        5,841,694        152,303        2,980,579        7,450  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    NVIX      NVLCP1      NVLCPY      NVMIG1      NVMIVX      NVMLG1      NVMM2      NVMMG1  

Reinvested dividends

   $ 499,081        771,784        -        9,571        283,961        113,714        22,711        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     499,081        771,784        -        9,571        283,961        113,714        22,711        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     293,758        (295,486      (218      (139,449      36,128        (118,900      -        (437,902

Change in unrealized gain (loss) on investments

     (439,058      (94,347      -        105,044        (126,442      1,858,869        -        1,537,064  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (145,300      (389,833      (218      (34,405      (90,314      1,739,969        -        1,099,162  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        -        -        -        1,092,212        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 353,781        381,951        (218      (24,834      193,647        2,945,895        22,711        1,099,162  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    NVMMG2      NVMMV1      NVMMV2      NVNMO1      NVNSR2      NVOLG1      NVRE1      NVSIX2  

Reinvested dividends

   $ -        120,322        5,836        5,491        3,101        398,983        400,641        217,794  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        120,322        5,836        5,491        3,101        398,983        400,641        217,794  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     2        (53,680      (5,221      1,558        (31,009      658,080        513,061        150,030  

Change in unrealized gain (loss) on investments

     -        498,460        35,122        (199,220      (52,296      5,410,667        899,296        1,641,493  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     2        444,780        29,901        (197,662      (83,305      6,068,747        1,412,357        1,791,523  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        180,163        10,087        426,837        229,462        -        -        242,406  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 2        745,265        45,824        234,666        149,258        6,467,730        1,812,998        2,251,723  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    NVSIXD      NVSTB1      NVSTB2      NVTIV3      SAM      SAM5      SAMY      SCF  

Reinvested dividends

   $ 9,467        252,599        1,817        34,141        654,853        2,215,328        145,265        4,065  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     9,467        252,599        1,817        34,141        654,853        2,215,328        145,265        4,065  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     18,974        (35,319      (27      3,911        -        -        -        71,111  

Change in unrealized gain (loss) on investments

     38,096        65,495        396        (13,883      -        -        -        243,623  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     57,070        30,176        369        (9,972      -        -        -        314,734  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     7,448        -        -        -        -        -        -        98,146  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 73,985        282,775        2,186        24,169        654,853        2,215,328        145,265        416,945  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    SCGF      SCVF      TRF      AMMCGS      AMSRS      AMTB      NASCV      NOTAG1  

Reinvested dividends

   $ -        35,721        110,019        -        435        30,139        -        252  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     -        35,721        110,019        -        435        30,139        -        252  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (403,244      (66,532      93,162        293        13,942        (1,581      67        4  

Change in unrealized gain (loss) on investments

     2,473,368        288,446        695,436        11,286        19,441        2,480        144        865  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     2,070,124        221,914        788,598        11,579        33,383        899        211        869  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        43,793        376,691        5,343        9,371        -        -        150  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 2,070,124        301,428        1,275,308        16,922        43,189        31,038        211        1,271  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    NOTAG2      NOTB3      NOTBE2      NOTC2      NOTG3      NOTGR1      NOTGR2      NOTMD1  

Reinvested dividends

   $ 28,819        58,684        12,660        1,984        101,127        302        16,067        109  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     28,819        58,684        12,660        1,984        101,127        302        16,067        109  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     14,436        (484,968      1,024        246        (400,938      -        42,604        -  

Change in unrealized gain (loss) on investments

     (26,641      555,899        (8,399      (771      624,756        865        (35,050      147  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     (12,205      70,931        (7,375      (525      223,818        865        7,554        147  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     19,962        -        2,905        596        -        38        2,294        75  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 36,576        129,615        8,190        2,055        324,945        1,205        25,915        331  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    NOTMD2      NOTMG3      MNCPS2      PMVAAA      PMVEBA      PMVFBA      PMVHYA      PMVID  

Reinvested dividends

   $ 5,496        80,645        795        46,193        29        25,896        2        10,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     5,496        80,645        795        46,193        29        25,896        2        10,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     13,799        (1,338,837      (13      (10,230      -        (20,966      -        135  

Change in unrealized gain (loss) on investments

     (3,155      1,492,755        2,295        (10,902      1        (32,307      -        (8,009
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     10,644        153,918        2,282        (21,132      1        (53,273      -        (7,874
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     4,214        -        890        -        -        -        -        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 20,354        234,563        3,967        25,061        30        (27,377      2        2,632  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    PMVLDA      PMVRRA      PMVRSA      PMVTRA      PVGCBA      PVSTA      PVEIIA      PVIVIA  

Reinvested dividends

   $ 202,544        1,722        138,483        5,937        281        33,178        108,994        25,567  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     202,544        1,722        138,483        5,937        281        33,178        108,994        25,567  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     (15,917      74        77,572        (242      -        7,541        171,745        11,596  

Change in unrealized gain (loss) on investments

     37,622        (938      43,606        (2,110      (7      (1,239      757,433        11,367  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     21,705        (864      121,178        (2,352      (7      6,302        929,178        22,963  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     -        -        -        -        -        -        374,248        2,779  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 224,249        858        259,661        3,585        274        39,480        1,412,420        51,309  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Investment Activity*:    PVNOB      ROCMC      TRBCG2      TREI2      TRHS2      TRHSP      TRMCG2      VWEM  

Reinvested dividends

   $ 436        -        -        24        -        -        -        78  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net investment income (loss)

     436        -        -        24        -        -        -        78  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Realized gain (loss) on investments

     3,763        44        463        60        56,812        2,393,724        12,493        (10

Change in unrealized gain (loss) on investments

     46,660        (951      2,624        (29      (133,331      (5,424,442      (43,061      (52
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net gain (loss) on investments

     50,423        (907      3,087        31        (76,519      (3,030,718      (30,568      (62
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Reinvested capital gains

     1,414        1,643        784        100        99,215        3,936,364        53,971        -  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 52,273        736        3,871        155        22,696        905,646        23,403        16  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    VWHA     VVB     VVCG      VVDV      VVEI     VVEIX     VVG      VVGBI  

Reinvested dividends

   $ 91,151       388       5,069        1,489        7,837       6,069       654        166  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Net investment income (loss)

     91,151       388       5,069        1,489        7,837       6,069       654        166  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Realized gain (loss) on investments

     343,176       22,244       41,036        532        (990     13,212       32,024        107  

Change in unrealized gain (loss) on
investments

     (535,582     (8,765     2,576        7,012        16,291       106,239       45,668        (195
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Net gain (loss) on investments

     (192,406     13,479       43,612        7,544        15,301       119,451       77,692        (88
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Reinvested capital gains

     -       840       9,266        5,381        16,522       17,350       -        6  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Net increase (decrease) in contract owners’
equity resulting from operations

   $ (101,255     14,707       57,947        14,414        39,660       142,870       78,346        84  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 
Investment Activity*:    VVHGB     VVHYB     VVI      VVMA      VVMCI     VVREI     VVSTC      VVTISI  

Reinvested dividends

   $ 26,842       2,352       4,426        11,475        4,707       9,203       5,742        24,513  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Net investment income (loss)

     26,842       2,352       4,426        11,475        4,707       9,203       5,742        24,513  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Realized gain (loss) on investments

     1,378       19       1,352        23,521        8,167       2,465       1,063        3,183  

Change in unrealized gain (loss) on investments

     (15,062     563       5,992        3,302        37,021       (3,553     1,070        (460
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Net gain (loss) on investments

     (13,684     582       7,344        26,823        45,188       (1,088     2,133        2,723  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Reinvested capital gains

     -       -       11,717        9,331        3,923       7,764       -        4,161  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 13,158       2,934       23,487        47,629        53,818       15,879       7,875        31,397  
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2024

 

Investment Activity*:    VVTSM      VRVDRA      VRVDRI                                    

Reinvested dividends

   $ 24,298        1,018        47,459                
  

 

 

    

 

 

    

 

 

               

Net investment income (loss)

     24,298        1,018        47,459                
  

 

 

    

 

 

    

 

 

               

Realized gain (loss) on investments

     30,509        566        (35,560              

Change in unrealized gain (loss) on investments

     260,373        1,996        226,754                
  

 

 

    

 

 

    

 

 

               

Net gain (loss) on investments

     290,882        2,562        191,194                
  

 

 

    

 

 

    

 

 

               

Reinvested capital gains

     133,209        668        22,565                
  

 

 

    

 

 

    

 

 

               

Net increase (decrease) in contract owners’ equity resulting from operations

   $ 448,389        4,248        261,218                
  

 

 

    

 

 

    

 

 

               

* 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, 2024, if applicable.

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     ABTGB   ALVDAA   ALVGIA   ALVIVB
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ -       -       1,708       931       2,109       -       6,766       1,973

Realized gain (loss) on investments

       147       731       (2,708 )       (4,360 )       5,005       (1 )       5,664       13,717

Change in unrealized gain (loss) on investments

       (17 )       110       13,782       17,216       (2,312 )       211       483       15,048

Reinvested capital gains

       42       -       -       -       5,011       -       -       -
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       172       841       12,782       13,787       9,813       210       12,913       30,738
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       18,768       2,445       14,476       14,594       7,050       -       24,492       35,511

Transfers between funds

       1,413       (511 )       1,174       (1,345 )       163,704       3,877       (5,624 )       57,123

Surrenders (notes 2, 3, 4, 5 and 6)

       (4,251 )       (452 )       (10,407 )       (9,449 )       (633 )       (12 )       (27,270 )       (26,758 )

Adjustments to maintain reserves

       -       -       (2 )       15       1       -       (2 )       4
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       15,930       1,482       5,241       3,815       170,122       3,865       (8,404 )       65,880
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       16,102       2,323       18,023       17,602       179,935       4,075       4,509       96,618

Contract owners’ equity at beginning of period

       2,323       -       117,030       99,428       4,075       -       289,496       192,878
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  18,425       2,323       135,053       117,030       184,010       4,075       294,005       289,496
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       209       -       7,223       6,977       375       -       28,604       21,884

Units purchased

       1,710       1,385       1,017       1,056       20,625       376       2,788       17,852

Units surrendered

       (356 )       (1,176 )       (707 )       (810 )       (6,017 )       (1 )       (3,675 )       (11,132 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       1,563       209       7,533       7,223       14,983       375       27,717       28,604
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     ALVSVA     ALVSVB      APTGBS     ALCAI2  
     2024     2023     2024     2023      2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ 46,776       49,647       22       -        471       37       -       -  

Realized gain (loss) on investments

     (27,762     (86,171     2       -        6,366       (7     3,736       (37

Change in unrealized gain (loss) on investments

     225,750       404,179       80       209        (2,082     210       4,530       589  

Reinvested capital gains

     266,340       390,999       173       -        -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     511,104       758,654       277       209        4,755       240       8,266       552  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     267,991       304,738       -       -        7,572       1,741       6,510       -  

Transfers between funds

     (150,362     (10,260     507       3,039        74,827       19,461       39,136       3,947  

Surrenders (notes 2, 3, 4, 5 and 6)

     (288,905     (346,692     (19     -        (262     (60     (513     (272

Adjustments to maintain reserves

     (227     60       -       -        1       -       1       (2
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (171,503     (52,154     488       3,039        82,138       21,142       45,134       3,673  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     339,601       706,500       765       3,248        86,893       21,382       53,400       4,225  

Contract owners’ equity at beginning of period

     5,109,396       4,402,896       3,248       -        21,382       -       4,430       205  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  5,448,997       5,109,396       4,013       3,248        108,275       21,382       57,830       4,430  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     144,681       146,094       336       -        2,033       -       514       34  

Units purchased

     11,343       16,854       44       336        11,138       2,052       5,179       516  

Units surrendered

     (15,779     (18,267     (2     -        (4,890     (19     (1,163     (36
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     140,245       144,681       378       336        8,281       2,033       4,530       514  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     WFVSCG     AAEIP3     AFGF     AMVAA2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       3,727       35       3,987       -       123,345       -  

Realized gain (loss) on investments

     (57,353     (106,141     618       -       3,555       -       19,256       2  

Change in unrealized gain (loss) on investments

     328,880       167,430       (1,850     (64     101,478       -       98,187       (64

Reinvested capital gains

     -       -       2,996       13       3,830       -       65,287       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     271,527       61,289       5,491       (16     112,850       -       306,075       (62
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     31,763       53,429       3,739       -       996,199       9,341       7,284,633       36,200  

Transfers between funds

     (45,705     (43,392     99,792       1,216       (4,979     -       586,619       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (193,841     (53,591     (289     -       (53,979     (67     (830,034     (851

Adjustments to maintain reserves

     (1,017     (194     1       (1     3       (1     1       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (208,800     (43,748     103,243       1,215       937,244       9,273       7,041,219       35,349  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     62,727       17,541       108,734       1,199       1,050,094       9,273       7,347,294       35,287  

Contract owners’ equity at beginning of period

     1,505,106       1,487,565       1,199       -       9,273       -       35,287       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,567,833       1,505,106       109,933       1,199       1,059,367       9,273       7,382,581       35,287  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     30,697       31,585       97       -       821       -       3,249       -  

Units purchased

     831       3,868       6,525       97       74,563       827       648,227       3,328  

Units surrendered

     (4,590     (4,756     (320     -       (4,288     (6     (67,655     (79
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     26,938       30,697       6,302       97       71,096       821       583,821       3,249  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     AMVAA4      AMVBC4     AMVBD4     AMVGG1  
     2024     2023      2024     2023     2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ 8       -        61,558       28,070       6,825       762       3,304       -  

Realized gain (loss) on investments

     3       -        74,334       4,986       (636     61       27       -  

Change in unrealized gain (loss) on investments

     (18     -        386,744       175,386       (2,297     439       (1,497     -  

Reinvested capital gains

     -       -        25,757       7,920       -       -       827       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (7     -        548,393       216,362       3,892       1,262       2,661       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     1,286       -        1,368,263       978,293       318       4,247       266,882       -  

Transfers between funds

     (258     -        869,785       395,903       77,834       9,749       663       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     -       -        (186,087     (90,671     (765     (50     (7,076     -  

Adjustments to maintain reserves

     -       -        530       (484     -       2       -       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     1,028       -        2,052,491       1,283,041       77,387       13,948       260,469       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     1,021       -        2,600,884       1,499,403       81,279       15,210       263,130       -  

Contract owners’ equity at beginning of period

     -       -        2,119,022       619,619       16,295       1,085       -       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,021       -        4,719,906       2,119,022       97,574       16,295       263,130       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     -       -        192,164       65,727       1,793       125       -       -  

Units purchased

     111       -        212,054       142,320       17,098       2,921       21,545       -  

Units surrendered

     (22     -        (44,086     (15,883     (8,257     (1,253     (563     -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     89       -        360,132       192,164       10,634       1,793       20,982       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     AMVGI1     AMVGI4     AMVGR4     AMVGS4  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 11,463       -       1,329       818       420       35       636       4  

Realized gain (loss) on investments

     1,870       -       13,400       41       34,228       2,416       623       (8

Change in unrealized gain (loss) on investments

     57,635       -       8,410       10,120       23,241       7,231       (2,820     4,397  

Reinvested capital gains

     12,584       -       7,109       2,255       5,618       195       2,610       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     83,552       -       30,248       13,234       63,507       9,877       1,049       4,393  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     1,039,953       4,688       29,130       31,899       223,824       50,352       79,518       28,281  

Transfers between funds

     (4,399     -       (14,411     37,398       (46,119     3,406       25,896       21,190  

Surrenders (notes 2, 3, 4, 5 and 6)

     (36,820     (34     (753     (132     (868     (32     (13,877     (1,523

Adjustments to maintain reserves

     -       -       (1     5       (1     (1     -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     998,734       4,654       13,965       69,170       176,836       53,725       91,537       47,948  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     1,082,286       4,654       44,213       82,404       240,343       63,602       92,586       52,341  

Contract owners’ equity at beginning of period

     4,654       -       101,709       19,305       64,673       1,071       52,341       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,086,940       4,654       145,922       101,709       305,016       64,673       144,927       52,341  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     420       -       9,618       2,297       6,950       159       6,973       -  

Units purchased

     81,499       423       6,072       7,363       23,903       8,151       14,542       7,190  

Units surrendered

     (3,128     (3     (4,555     (42     (5,889     (1,360     (2,607     (217
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     78,791       420       11,135       9,618       24,964       6,950       18,908       6,973  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     AMVGV2     AMVI4     AMVNW1      AMVNW2  
     2024     2023     2024     2023     2024     2023      2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ 27,813       2,313       1,250       1,006       821       -        67,551       55,806  

Realized gain (loss) on investments

     94,330       (40     762       547       43       -        42,750       1,101  

Change in unrealized gain (loss) on investments

     (25,245     261       (762     6,288       (5,070     -        144,301       472,772  

Reinvested capital gains

     -       -       -       -       3       -        21,160       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     96,898       2,534       1,250       7,841       (4,203     -        275,762       529,679  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     114,025       13,024       31,018       5,552       75,415       -        998,393       816,368  

Transfers between funds

     3,397,747       60,997       4,322       75,882       25       -        (66,906     (36,198

Surrenders (notes 2, 3, 4, 5 and 6)

     (2,918,848     (1,112     (1,030     (247     (3,914     -        (424,758     (301,720

Adjustments to maintain reserves

     (1     1       1       (1     -       -        620       (612
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net equity transactions

     592,923       72,910       34,311       81,186       71,526       -        507,349       477,838  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net change in contract owners’ equity

     689,821       75,444       35,561       89,027       67,323       -        783,111       1,007,517  

Contract owners’ equity at beginning of period

     75,444       -       90,113       1,086       -       -        4,129,705       3,122,188  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  765,265       75,444       125,674       90,113       67,323       -        4,912,816       4,129,705  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     7,496       -       10,344       144       -       -        289,193       253,611  

Units purchased

     379,833       7,611       4,286       11,713       6,146       -        73,315       70,335  

Units surrendered

     (311,855     (115     (615     (1,513     (329     -        (39,643     (34,753
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Ending units

     75,474       7,496       14,015       10,344       5,817       -        322,865       289,193  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    AMVNW4     AMVWM1     PIVB2     PIVMV2  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $  3,777       3,382       13,645       -       361       196       3,625       1,520  

Realized gain (loss) on investments

    10,965       53       1,353       -       (56     -       (551     2  

Change in unrealized gain (loss) on investments

    (828     11,138       24,506       -       (28     28       6,361       (2,858

Reinvested capital gains

    1,231       -       1,339       -       -       -       12,662       10,230  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    15,145       14,573       40,843       -       277       224       22,097       8,894  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    57,183       32,653       952,255       4,757       1,124       -       10,938       16,211  

Transfers between funds

    (46,308     269,954       (497     -       (8,617     7,004       73,715       103,383  

Surrenders (notes 2, 3, 4, 5 and 6)

    (1,497     (555     (38,202     (51     (6     (5     (1,855     (318

Adjustments to maintain reserves

    67       (68     (2     -       -       (1     2       (2
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    9,445       301,984       913,554       4,706       (7,499     6,998       82,800       119,274  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    24,590       316,557       954,397       4,706       (7,222     7,222       104,897       128,168  

Contract owners’ equity at beginning of period

    329,433       12,876       4,706       -       7,222       -       138,048       9,880  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  354,023       329,433       959,103       4,706       -       7,222       242,945       138,048  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    37,890       1,713       431       -       796       -       12,889       1,035  

Units purchased

    21,354       36,325       76,133       435       304       796       8,839       11,906  

Units surrendered

    (20,950     (148     (3,071     (4     (1,100     -       (1,227     (52
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    38,294       37,890       73,493       431       -       796       20,501       12,889  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     PIVSI2      BRVGA1     BRVHY3     BRVHYI  
     2024     2023      2024     2023     2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ 299       125        211,371       310,935       23,645       13,814       362,984       300,587  

Realized gain (loss) on investments

     2       -        76,110       (11,014     1,314       (650     (17,971     (132,110

Change in unrealized gain (loss) on investments

     22       47        74,345       1,360,578       1,941       13,428       68,795       405,664  

Reinvested capital gains

     -       -        987,148       -       -       -       -       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     323       172        1,348,974       1,660,499       26,900       26,592       413,808       574,141  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     3,626       3,478        907,390       979,322       28,287       16,857       1,175,381       808,905  

Transfers between funds

     271       173        (376,248     (138,900     3,672       275,047       398,012       25,468  

Surrenders (notes 2, 3, 4, 5 and 6)

     (36     -        (833,491     (801,484     (4,240     (1,114     (357,053     (1,240,283

Adjustments to maintain reserves

     (1     -        (383     1,127       362       1,575       10,199       1,444  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     3,860       3,651        (302,732     40,065       28,081       292,365       1,226,539       (404,466
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     4,183       3,823        1,046,242       1,700,564       54,981       318,957       1,640,347       169,675  

Contract owners’ equity at beginning of period

     3,823       -        14,614,553       12,913,989       324,276       5,319       4,675,629       4,505,954  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  8,006       3,823        15,660,795       14,614,553       379,257       324,276       6,315,976       4,675,629  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     407       -        767,303       764,997       32,065       594       351,290       383,258  

Units purchased

     433       407        57,565       70,626       3,196       31,888       122,959       90,740  

Units surrendered

     (18     -        (72,136     (68,320     (491     (417     (35,940     (122,708
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     822       407        752,732       767,303       34,770       32,065       438,309       351,290  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     BRVTR1     BRVTR3     MLVGA2     MLVGA3  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 7,112       -       8,009       841       19,049       29,306       591       73  

Realized gain (loss) on investments

     48       -       231       (2     (4,846     (15,178     211       (318

Change in unrealized gain (loss) on investments

     (6,664     -       (3,776     1,862       19,663       154,831       (1,021     123  

Reinvested capital gains

     -       -       -       -       99,064       -       3,169       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     496       -       4,464       2,701       132,930       168,959       2,950       (122
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     392,950       32       3,061       54,651       4,469       3,910       25,794       11,595  

Transfers between funds

     3,807       -       77,984       1,387       19,172       (6,596     9,046       (3,376

Surrenders (notes 2, 3, 4, 5 and 6)

     (13,250     (8     (1,558     (18     (86,905     (100,815     (110     (2

Adjustments to maintain reserves

     1,352       (1     419       176       -       (11     (1     (1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     384,859       23       79,906       56,196       (63,264     (103,512     34,729       8,216  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     385,355       23       84,370       58,897       69,666       65,447       37,679       8,094  

Contract owners’ equity at beginning of period

     23       -       64,789       5,892       1,470,279       1,404,832       8,094       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  385,378       23       149,159       64,789       1,539,945       1,470,279       45,773       8,094  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     2       -       7,218       692       56,959       61,279       870       -  

Units purchased

     37,085       3       17,623       6,527       922       165       4,211       2,250  

Units surrendered

     (1,236     (1     (8,411     (1     (3,192     (4,485     (563     (1,380
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     35,851       2       16,430       7,218       54,689       56,959       4,518       870  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     DCAP     DSIF     DVSCS     CLSCV1  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       2       309,105       306,286       63,072       54,682       30       -  

Realized gain (loss) on investments

     30       -       993,733       373,803       13,232       5,504       12       -  

Change in unrealized gain (loss) on investments

     (32     32       2,760,932       3,449,037       233,691       416,826       4,481       -  

Reinvested capital gains

     2       -       1,669,781       767,759       123,564       285,458       173       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     -       34       5,733,551       4,896,885       433,559       762,470       4,696       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     -       2,099       489,562       494,921       160,755       170,874       44,509       2,337  

Transfers between funds

     -       -       (1,463,519     691,673       (209,618     (50,936     (28     -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (22     -       (978,427     (914,563     (266,900     (293,420     (1,744     (21

Adjustments to maintain reserves

        22       (2,133     (1,077     (1,192     (270     (983     (1     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     -       (34     (1,953,461     270,839       (316,033     (174,465     42,736       2,316  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     -       -       3,780,090       5,167,724       117,526       588,005       47,432       2,316  

Contract owners’ equity at beginning of period

     -       -       24,186,162       19,018,438       5,605,630       5,017,625       2,316       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $ -       -       27,966,252       24,186,162       5,723,156       5,605,630       49,748       2,316  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     -       -       435,334       431,074       115,509       119,301       201       -  

Units purchased

     -       -       12,344       35,413       5,746       8,496       3,915       203  

Units surrendered

     -       -       (43,885     (31,153     (12,018     (12,288     (148     (2
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     -       -       403,793       435,334       109,237       115,509       3,968       201  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     CLVGT2     CLVLD1      CSCRS     DWVSVS  
     2024     2023     2024     2023      2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ -       -       366       -        73       -       23,054       12,570  

Realized gain (loss) on investments

     503       (57     1       -        (82     -       551       (27,949

Change in unrealized gain (loss) on investments

     44,188       7,398       (30     -        11       (11     132,654       110,257  

Reinvested capital gains

     33,348       1,597       -       -        -       -       86,596       84,254  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     78,039       8,938       337       -        2       (11     242,855       179,132  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     362,944       1,468       34,530       -        1,158       1,616       117,502       137,606  

Transfers between funds

     1,544       42,353       -       -        (3,151     387       (42,368     (108,436

Surrenders (notes 2, 3, 4, 5 and 6)

     (658     (409     (660     -        (1     -       (109,013     (101,960

Adjustments to maintain reserves

     218       (234     (1     -        -       -       (46     62  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     364,048       43,178       33,869       -        (1,994     2,003       (33,925     (72,728
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     442,087       52,116       34,206       -        (1,992     1,992       208,930       106,404  

Contract owners’ equity at beginning of period

     52,408       292       -       -        1,992       -       2,211,941       2,105,537  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  494,495       52,408       34,206       -        -       1,992       2,420,871       2,211,941  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     5,072       41       -       -        194       -       93,128       96,711  

Units purchased

     32,942       5,089       3,223       -        109       194       8,667       9,144  

Units surrendered

     (206     (58     (61     -        (303     -       (9,987     (12,727
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     37,808       5,072       3,162       -        -       194       91,808       93,128  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    DFVEA     DFVGB     DFVGMI     DFVIPS  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 34,221       9,470       1,290,314       916,514       333,381       166,863       177,051       225,665  

Realized gain (loss) on investments

    32,831       1,610       (163,388     (190,843     132,880       22,358       (165,972     (46,436

Change in unrealized gain (loss) on investments

    46,725       37,595       201,628       398,356       519,143       513,876       107,143       40,371  

Reinvested capital gains

    21,633       9,445       -       -       71,192       67,904       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    135,410       58,120       1,328,554       1,124,027       1,056,596       771,001       118,222       219,600  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    1,094,194       428,533       2,053,406       2,499,870       1,573,852       1,676,764       643,263       731,850  

Transfers between funds

    (54,122     148,179       1,548,839       648,457       3,681,152       67,530       (62,887     248,094  

Surrenders (notes 2, 3, 4, 5 and 6)

    41,356       (458     (1,808,342     (1,669,409     (439,634     (353,175     (368,487     (366,766

Adjustments to maintain reserves

    1       (4     (1,176     6,361       (25     146       (272     371  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    1,081,429       576,250       1,792,727       1,485,279       4,815,345       1,391,265       211,617       613,549  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    1,216,839       634,370       3,121,281       2,609,306       5,871,941       2,162,266       329,839       833,149  

Contract owners’ equity at beginning of period

    767,406       133,036       23,724,635       21,115,329       6,576,215       4,413,949       5,897,771       5,064,622  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  1,984,245       767,406       26,845,916       23,724,635       12,448,156       6,576,215       6,227,610       5,897,771  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    73,977       15,408       2,036,887       1,904,466       422,036       324,979       497,770       444,633  

Units purchased

    115,723       72,374       461,974       450,331       335,595       129,473       117,949       126,199  

Units surrendered

    (23,513     (13,805     (311,761     (317,910     (44,289     (32,416     (99,831     (73,062
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    166,187       73,977       2,187,100       2,036,887       713,342       422,036       515,888       497,770  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    DFVIS     DFVIV     DFVSTF     DFVULV  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 1,252,510       1,003,143       1,848,719       1,819,293       1,171,182       802,047       1,123,690       1,035,933  

Realized gain (loss) on investments

    164,621       84,655       658,704       570,668       14,091       (1,383     2,022,638       851,306  

Change in unrealized gain (loss) on investments

    (1,126,092     3,061,461       (781,633     3,218,045       35,719       209,923       (2,301,584     2,238,201  

Reinvested capital gains

    979,542       -       954,126       363,068       -       -       5,661,575       631,372  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    1,270,581       4,149,259       2,679,916       5,971,074       1,220,992       1,010,587       6,506,319       4,756,812  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    3,630,591       4,009,298       6,818,055       5,895,208       2,263,328       2,179,541       5,447,373       5,628,112  

Transfers between funds

    (311,552     (945,544     (518,543     (1,331,017     1,823,276       513,178       (2,393,054     842,046  

Surrenders (notes 2, 3, 4, 5 and 6)

    (2,354,850     (2,160,291     (3,231,311     (2,929,393     (2,103,127     (1,545,983     (3,492,588     (3,048,009

Adjustments to maintain reserves

    (1,641     (3,284     (1,563     (2,181     (963     7,659       (1,895     4,233  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    962,548       900,179       3,066,638       1,632,617       1,982,514       1,154,395       (440,164     3,426,382  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    2,233,129       5,049,438       5,746,554       7,603,691       3,203,506       2,164,982       6,066,155       8,183,194  

Contract owners’ equity at beginning of period

    33,876,796       28,827,358       40,652,269       33,048,578       21,439,067       19,274,085       49,340,795       41,157,601  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  36,109,925       33,876,796       46,398,823       40,652,269       24,642,573       21,439,067       55,406,950       49,340,795  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    1,573,628       1,528,029       2,044,773       1,959,189       1,920,204       1,812,290       1,474,775       1,364,540  

Units purchased

    273,794       273,453       486,233       419,442       630,503       397,283       238,271       285,651  

Units surrendered

    (231,738     (227,854     (342,138     (333,858     (458,328     (289,369     (252,443     (175,416
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    1,615,684       1,573,628       2,188,868       2,044,773       2,092,379       1,920,204       1,460,603       1,474,775  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    DFVUTV     DSGIBA     DSVCGA     ETVFR  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 584,361       560,814       347,472       228,119       14,088       3,249       -       -  

Realized gain (loss) on investments

    1,099,975       273,153       (14,575     (82,695     112,968       10,132       -       -  

Change in unrealized gain (loss) on investments

    (1,353,242     3,302,856       532,491       928,268       1,096,805       1,273,502       -       -  

Reinvested capital gains

    2,846,631       2,495,513       -       -       568,171       178,845       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    3,177,725       6,632,336       865,388       1,073,692       1,792,032       1,465,728       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    4,144,470       4,838,588       2,493,076       2,669,484       2,701,773       1,510,789       -       -  

Transfers between funds

    (2,591,580     513,133       (80,856     (227,580     138,487       44,190       -       -  

Surrenders (notes 2, 3, 4, 5 and 6)

    (2,572,936     (2,397,577     (1,080,710     (729,339     (1,008,387     (536,396     (4     -  

Adjustments to maintain reserves

    (963     (298     (9,009     96       38       33       4       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    (1,021,009     2,953,846       1,322,501       1,712,661       1,831,911       1,018,616       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    2,156,716       9,586,182       2,187,889       2,786,353       3,623,943       2,484,344       -       -  

Contract owners’ equity at beginning of period

    40,160,240       30,574,058       9,011,191       6,224,838       5,900,961       3,416,617       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  42,316,956       40,160,240       11,199,080       9,011,191       9,524,904       5,900,961       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    1,079,629       986,579       570,591       452,861       246,208       197,542       -       -  

Units purchased

    221,796       253,085       154,854       207,159       124,893       84,067       -       -  

Units surrendered

    (249,429     (160,035     (75,473     (89,429     (57,232     (35,401     -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    1,051,996       1,079,629       649,972       570,591       313,869       246,208       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FQB     FB2     FC2     FCP  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 17,835       15,787       2,721       1,118       30       166       640       -  

Realized gain (loss) on investments

    (2,745     (4,944     9,322       (641     18,196       61       426       -  

Change in unrealized gain (loss) on investments

    7,905       24,364       7,135       6,734       (5,602     9,908       (13,771     -  

Reinvested capital gains

    -       -       1,356       -       16,483       1,948       47,628       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    22,995       35,207       20,534       7,211       29,107       12,083       34,923       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    34,829       36,922       75,798       215,210       95,987       18,575       439,800       -  

Transfers between funds

    (1,513     (39,943     5,191       (126,706     (22,629     38,536       (614     -  

Surrenders (notes 2, 3, 4, 5 and 6)

    (40,076     (29,831     (459     (571     (642     (184     (21,385     -  

Adjustments to maintain reserves

    (11     14       -       -       -       -       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    (6,771     (32,838     80,530       87,933       72,716       56,927       417,801       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    16,224       2,369       101,064       95,144       101,823       69,010       452,724       -  

Contract owners’ equity at beginning of period

    590,261       587,892       95,144       -       78,265       9,255       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  606,485       590,261       196,208       95,144       180,088       78,265       452,724       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    30,969       32,738       9,624       -       7,960       1,253       -       -  

Units purchased

    2,211       2,280       20,828       24,011       11,037       6,761       32,695       -  

Units surrendered

    (2,550     (4,049     (13,288     (14,387     (5,272     (54     (1,592     -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    30,630       30,969       17,164       9,624       13,725       7,960       31,103       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FCS     FDSCS2     FEIS     FEMS  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 27,423       68,509       2,734       11       229,428       215,596       145,720       170,306  

Realized gain (loss) on investments

    437,875       22,179       115       (1     233,382       99,742       96,401       (23,984

Change in unrealized gain (loss) on investments

    3,069,953       3,652,823       18,537       92       594,074       523,465       650,838       545,323  

Reinvested capital gains

    3,937,115       588,341       2,230       -       789,932       341,440       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    7,472,366       4,331,852       23,616       102       1,846,816       1,180,243       892,959       691,645  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    6,407,757       3,343,829       337,256       -       539,320       536,193       1,501,407       1,376,931  

Transfers between funds

    3,939,505       1,110,729       33,460       1,938       (303,426     (187,662     570,926       434,936  

Surrenders (notes 2, 3, 4, 5 and 6)

    (1,822,316     (1,121,306     (132     (6     (586,892     (644,982     (434,795     (421,378

Adjustments to maintain reserves

    (1,129     1,134       (1     1       2,911       (1,903     (105     335  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    8,523,817       3,334,386       370,583       1,933       (348,087     (298,354     1,637,433       1,390,824  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    15,996,183       7,666,238       394,199       2,035       1,498,729       881,889       2,530,392       2,082,469  

Contract owners’ equity at beginning of period

    19,489,895       11,823,657       2,035       -       12,234,476       11,352,587       8,769,077       6,686,608  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  35,486,078       19,489,895       396,234       2,035       13,733,205       12,234,476       11,299,469       8,769,077  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    1,072,318       867,405       220       -       320,173       328,390       726,709       607,379  

Units purchased

    617,702       317,534       37,045       221       15,841       29,111       261,928       204,999  

Units surrendered

    (228,991     (112,621     (432     (1     (24,161     (37,328     (136,374     (85,669
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    1,461,029       1,072,318       36,833       220       311,853       320,173       852,263       726,709  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FF10S   FF20S   FF30S   FG2
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $  54,450       58,323       99,999       106,805       248,440       239,353       -       -

Realized gain (loss) on investments

      (17,440 )       (31,407 )       2,388       10,084       123,781       128,924       13,253       366

Change in unrealized gain (loss) on investments

      42,093       5,580       54,466       260,507       587,353       996,755       (79,267 )       23,514

Reinvested capital gains

      1,313       102,419       102,821       23,704       24,751       -       246,259       13,841
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      80,416       134,915       259,674       401,100       984,325       1,365,032       180,245       37,721
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      41,386       57,374       151,960       176,296       482,945       508,773       23,744       63,762

Transfers between funds

      777       (58 )       (27,845 )       (2,529 )       193,444       (172,645 )       645,757       265,452

Surrenders (notes 2, 3, 4, 5 and 6)

      (124,724 )       (112,984 )       (402,019 )       (308,046 )       (771,890 )       (644,634 )       (2,570 )       (170 )

Adjustments to maintain reserves

      (68 )       159       (35 )       332       (593 )       (388 )       203       (231 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      (82,629 )       (55,509 )       (277,939 )       (133,947 )       (96,094 )       (308,894 )       667,134       328,813
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      (2,213 )       79,406       (18,265 )       267,153       888,231       1,056,138       847,379       366,534

Contract owners’ equity at beginning of period

      1,552,945       1,473,539       3,564,262       3,297,109       10,569,963       9,513,825       366,586       52
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $   1,550,732       1,552,945       3,545,997       3,564,262       11,458,194       10,569,963       1,213,965       366,586
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      58,858       61,028       116,912       121,493       299,448       308,760       36,554       7

Units purchased

      1,543       7,675       5,859       7,910       19,047       18,195       61,352       36,826

Units surrendered

      (4,565 )       (9,845 )       (14,624 )       (12,491 )       (21,620 )       (27,507 )       (4,844 )       (279 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      55,836       58,858       108,147       116,912       296,875       299,448       93,062       36,554
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FGO2   FGP   FGS   FIGBP
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $ -       -       3       -       -       24,534       6,002       -

Realized gain (loss) on investments

      1,253       -       1,486       -       1,741,849       508,562       567       -

Change in unrealized gain (loss) on investments

      (1,241 )       -       (55,862 )       3       (1,180,680 )       15,211,054       (5,405 )       -

Reinvested capital gains

      -       -       77,879       2       22,762,154       3,056,011       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      12       -       23,506       5       23,323,323       18,800,161       1,164       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      6,365       -       403,959       9,967       15,722,660       9,820,618       172,509       -

Transfers between funds

      60,516       -       (119 )       -       1,972,901       1,894,709       43,885       -

Surrenders (notes 2, 3, 4, 5 and 6)

      (46 )       -       (33,098 )       (238 )       (6,632,693 )       (4,254,634 )       (8,526 )       -

Adjustments to maintain reserves

      -       -       -       -       (3,054 )       3,943       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      66,835       -       370,742       9,729       11,059,814       7,464,636       207,868       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      66,847       -       394,248       9,734       34,383,137       26,264,797       209,032       -

Contract owners’ equity at beginning of period

      -       -       9,734       -       75,347,140       49,082,343       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $   66,847       -       403,982       9,734       109,730,277       75,347,140       209,032       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      -       -       874       -       1,001,594       887,957       -       -

Units purchased

      5,799       -       29,350       896       281,584       229,190       20,142       -

Units surrendered

      (4 )       -       (2,399 )       (22 )       (163,422 )       (115,553 )       (788 )       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      5,795          -       27,825       874       1,119,756       1,001,594       19,354          -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FIGBP2   FIGBS   FMC2   FMCS
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $ 3,999       1,694       293,268       194,373       1,291       64       55,579       52,004

Realized gain (loss) on investments

      847       (12 )       (255,621 )       (189,031 )       550       176       93,697       28,857

Change in unrealized gain (loss) on investments

      (3,598 )       1,692       101,913       435,082       (24,944 )       1,448       156,485       1,052,028

Reinvested capital gains

      -       -       -       -       43,788       449       1,525,474       281,237
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      1,248       3,374       139,560       440,424       20,685       2,137       1,831,235       1,414,126
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      22,592       10,092       363,747       344,408       340,347       14,717       542,971       581,070

Transfers between funds

      30,570       23,091       939,395       1,185,172       3,559       (2,917 )       (116,780 )       (127,548 )

Surrenders (notes 2, 3, 4, 5 and 6)

      (765 )       (248 )       (564,920 )       (680,954 )       5       (21 )       (833,316 )       (798,199 )

Adjustments to maintain reserves

      207       (208 )       (315 )       (956 )       -       (2 )       (1,053 )       (3,160 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      52,604       32,727       737,907       847,670       343,911       11,777       (408,178 )       (347,837 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      53,852       36,101       877,467       1,288,094       364,596       13,914       1,423,057       1,066,289

Contract owners’ equity at beginning of period

      69,965       33,864       7,722,259       6,434,165       17,709       3,795       10,691,585       9,625,296
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $   123,817       69,965       8,599,726       7,722,259       382,305       17,709       12,114,642       10,691,585
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      7,648       3,924       417,212       368,895       1,846       454       207,578       214,913

Units purchased

      6,154       3,756       129,426       123,180       32,406       1,733       13,781       23,203

Units surrendered

      (467 )       (32 )       (89,444 )       (74,863 )       (249 )       (341 )       (20,934 )       (30,538 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      13,335       7,648       457,194       417,212       34,003       1,846       200,425       207,578
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FNRS2   FOS   FRESS   FVFRHI
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $  262,751       286,988       162,489       75,942       219,357       113,553       -       52

Realized gain (loss) on investments

      2,104,675       2,043,417       99,783       5,691       (53,432 )       (55,241 )       (21 )       (12 )

Change in unrealized gain (loss) on investments

      (1,905,665 )       (2,173,056 )       (333,472 )       1,217,129       185,251       282,200       23       (23 )

Reinvested capital gains

      -       -       468,313       21,277       -       180,758       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      461,761       157,349       397,113       1,320,039       351,176       521,270       2       17
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      1,853,076       1,471,601       1,748,594       1,463,852       612,823       684,162       -       825

Transfers between funds

      (1,005,049 )       (943,326 )       82,759       298,019       (412,305 )       97,240       (600 )       (255 )

Surrenders (notes 2, 3, 4, 5 and 6)

      (1,011,464 )       (1,309,295 )       (808,575 )       (432,535 )       (294,405 )       (253,445 )       (1 )       12

Adjustments to maintain reserves

      (221 )       4,050       4,698       365       (148 )       277       (1 )       1
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      (163,658 )       (776,970 )       1,027,476       1,329,701       (94,035 )       528,234       (602 )       583
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      298,103       (619,621 )       1,424,589       2,649,740       257,141       1,049,504       (600 )       600

Contract owners’ equity at beginning of period

      11,686,543       12,306,164       8,551,696       5,901,956       5,239,151       4,189,647       600       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $   11,984,646       11,686,543       9,976,285       8,551,696       5,496,292       5,239,151       -       600
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      407,668       432,290       537,619       446,760       423,044       375,811       56       -

Units purchased

      138,425       121,398       124,899       136,489       93,436       97,446       -       87

Units surrendered

      (144,185 )       (146,020 )       (64,946 )       (45,630 )       (99,271 )       (50,213 )       (56 )       (31 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      401,908       407,668       597,572       537,619       417,209       423,044       -       56
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    FVICA2   FVSS   FVSS2   FEOVF
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $  971       22       124       125       10,278       7,103       906       -

Realized gain (loss) on investments

      3,250       (1 )       212       87       62,464       1,126       50       -

Change in unrealized gain (loss) on investments

      (2,301 )       2,026       (1,037 )       1,533       (154,250 )       72,795       (500 )       (340 )

Reinvested capital gains

      -       -       1,858       443       178,378       28,869       358       1,882
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      1,920       2,047       1,157       2,188       96,870       109,893       814       1,542
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      27,468       2,576       -       -       325,044       345,136       14,576       4,762

Transfers between funds

      117,234       11,423       652       37       107,046       283,789       25,024       18,868

Surrenders (notes 2, 3, 4, 5 and 6)

      (552 )       (107 )       (664 )       (637 )       (60,178 )       (86,005 )       (198 )       (16 )

Adjustments to maintain reserves

      -       -       1       (14 )       (33 )       101       1       (2 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      144,150       13,892       (11 )       (614 )       371,879       543,021       39,403       23,612
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      146,070       15,939       1,146       1,574       468,749       652,914       40,217       25,154

Contract owners’ equity at beginning of period

      15,939       -       12,173       10,599       857,257       204,343       26,191       1,037
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $   162,009       15,939       13,319       12,173       1,326,006       857,257       66,408       26,191
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      1,736       -       259       272       73,314       21,077       2,617       114

Units purchased

      14,671       1,749       14       2       171,781       82,899       3,916       2,504

Units surrendered

      (59 )       (13 )       (14 )       (15 )       (141,210 )       (30,662 )       (280 )       (1 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      16,348       1,736       259       259       103,885       73,314       6,253       2,617
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     FTVDM2     FTVFA1     FTVFA2     FTVGB1  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 13,823       7,209       13,510       8,689       26,805       19,388       -       -  

Realized gain (loss) on investments

     8,856       4,135       (21,217     (15,944     (87,169     (15,357     (101,208     (188,153

Change in unrealized gain (loss) on investments

     401       26,518       61,150       68,839       186,856       158,117       (352,490     308,406  

Reinvested capital gains

     2,656       262       -       8,442       -       22,505       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     25,736       38,124       53,443       70,026       126,492       184,653       (453,698     120,253  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     16,928       16,881       35,586       32,851       1,463       13,005       237,250       295,079  

Transfers between funds

     (3,690     18,211       (22,130     47,373       -       (160     11,900       (57,305

Surrenders (notes 2, 3, 4, 5 and 6)

     (4,841     (46,958     (30,420     (36,404     (238,398     (25,505     (230,287     (403,558

Adjustments to maintain reserves

     -       (2     (32     93       1       (11     (251     177  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     8,397       (11,868     (16,996     43,913       (236,934     (12,671     18,612       (165,607
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     34,133       26,256       36,447       113,939       (110,442     171,982       (435,086     (45,354

Contract owners’ equity at beginning of period

     333,250       306,994       556,181       442,242       1,444,001       1,272,019       4,085,807       4,131,161  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  367,383       333,250       592,628       556,181       1,333,559       1,444,001       3,650,721       4,085,807  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     25,747       26,712       25,564       23,328       67,575       68,225       387,008       403,802  

Units purchased

     2,746       3,121       3,102       4,418       65       645       49,535       55,411  

Units surrendered

     (2,130     (4,086     (3,753     (2,182     (10,465     (1,295     (47,450     (72,205
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     26,363       25,747       24,913       25,564       57,175       67,575       389,093       387,008  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     FTVGI2     FTVIS1     FTVIS2     FTVMD1  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       233,274       218,427       24,218       22,604       7,550       -  

Realized gain (loss) on investments

     (9,259     (32,756     (45,035     (38,833     (868     (10,101     121       -  

Change in unrealized gain (loss) on investments

     (80,811     55,164       118,764       (59,520     7,071       963       (56,582     -  

Reinvested capital gains

     -       -       18,232       251,571       1,984       27,404       27,684       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (90,070     22,408       325,235       371,645       32,405       40,870       (21,227     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     8,247       8,081       460,433       445,195       4,357       4,642       937,300       -  

Transfers between funds

     70,616       (23,781     (448,428     (183,824     (941     (40,601     77,771       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (23,583     (38,925     (144,114     (424,625     (21,534     (152,046     (66,598     -  

Adjustments to maintain reserves

     (2     32       (151     397       78       (105     -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     55,278       (54,593     (132,260     (162,857     (18,040     (188,110     948,473       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (34,792     (32,185     192,975       208,788       14,365       (147,240     927,246       -  

Contract owners’ equity at beginning of period

     765,540       797,725       4,470,856       4,262,068       455,779       603,019       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  730,748       765,540       4,663,831       4,470,856       470,144       455,779       927,246       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     82,608       88,564       219,388       227,697       17,010       24,446       -       -  

Units purchased

     9,263       1,378       32,954       34,839       225       275       102,368       -  

Units surrendered

     (2,901     (7,334     (39,370     (43,148     (868     (7,711     (12,386     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     88,970       82,608       212,972       219,388       16,367       17,010       89,982           -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     FTVSC1      FTVSVI     FTVUG1      TIF2  
     2024     2023      2024     2023     2024     2023      2024     2023  

Investment activity*:

                  

Net investment income (loss)

   $ -       -        34,796       21,788       -       -        12,529       18,647  

Realized gain (loss) on investments

     72       -        (58,160     (176,889     37       -        (9,520     (21,614

Change in unrealized gain (loss) on investments

     (684     -        318,992       355,593       (3,021     -        (11,385     99,926  

Reinvested capital gains

     -       -        68,614       157,389       -       -        -       -  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (612     -        364,242       357,881       (2,984     -        (8,376     96,959  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Equity transactions:

                  

Purchase payments received from policyholders (notes 2 and 6)

     33,040       -        124,182       141,374       112,796       -        76,225       75,481  

Transfers between funds

     5,245       -        (72,613     (108,715     169,597       -        (62,214     67,987  

Surrenders (notes 2, 3, 4, 5 and 6)

     (2,352     -        (252,779     (240,669     (8,522     -        (46,482     (93,198

Adjustments to maintain reserves

     -       -        (183     (2,912     -       -        (32     17  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net equity transactions

     35,933       -        (201,393     (210,922     273,871       -        (32,503     50,287  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net change in contract owners’ equity

     35,321       -        162,849       146,959       270,887       -        (40,879     147,246  

Contract owners’ equity at beginning of period

     -       -        3,062,216       2,915,257       -       -        576,451       429,205  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  35,321       -        3,225,065       3,062,216       270,887       -        535,572       576,451  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

CHANGE IN UNITS:

                  

Beginning units

     -       -        67,628       72,766       -       -        51,630       46,421  

Units purchased

     3,402       -        3,169       6,297       26,875       -        9,137       18,515  

Units surrendered

     (214     -        (7,210     (11,435     (841     -        (12,315     (13,306
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Ending units

     3,188       -        63,587       67,628       26,034       -        48,452       51,630  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     GVGMNS     GVMSAS     GVFRB     GVTRBE  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 3,881       1,981       14,777       32,451       3,964       336       -       -  

Realized gain (loss) on investments

     (1,177     (4,550     (1,073     (18,797     992       163       -       -  

Change in unrealized gain (loss) on investments

     10,672       19,285       4,157       22,725       (1,313     553       (214     -  

Reinvested capital gains

     -       -       -       -       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     13,376       16,716       17,861       36,379       3,643       1,052       (214     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     9,809       8,811       154,173       165,123       24,635       14,059       10       -  

Transfers between funds

     7,271       (8,421     (121,902     (151,533     28,128       9,356       13,405       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (15,914     (14,217     (56,621     (45,803     (264     (25     (6     -  

Adjustments to maintain reserves

     5       33       (15     6       50       (51     (1     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     1,171       (13,794     (24,365     (32,207     52,549       23,339       13,408       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     14,547       2,922       (6,504     4,172       56,192       24,391       13,194       -  

Contract owners’ equity at beginning of period

     113,396       110,474       547,255       543,083       24,391       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  127,943       113,396       540,751       547,255       80,583       24,391       13,194       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     6,926       7,798       47,031       50,299       2,209       -       -       -  

Units purchased

     1,237       1,303       16,505       18,610       4,649       2,213       1,437       -  

Units surrendered

     (1,171     (2,175     (18,542     (21,878     (26     (4     (1     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     6,992       6,926       44,994       47,031       6,832       2,209       1,436           -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     RBF     RBKF      RELF      RESF  
     2024     2023     2024     2023      2024     2023      2024     2023  

Investment activity*:

                  

Net investment income (loss)

   $ -       -       -       -        -       -        -       -  

Realized gain (loss) on investments

     1,139       (1     1,349       -        1,100       -        (55     -  

Change in unrealized gain (loss) on investments

     (9,459     3,223       4,463       -        (5,420     103        (124     (4

Reinvested capital gains

     3,582       246       -       -        1,118       -        -       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (4,738     3,468       5,812       -        (3,202     103        (179     (4
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Equity transactions:

                  

Purchase payments received from policyholders (notes 2 and 6)

     12,739       288       509       -        70,291       -        1,298       1,506  

Transfers between funds

     8,164       33,904       38,017       -        662       1,055        (800     -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (676     (90     (359     -        (268     -        -       44  

Adjustments to maintain reserves

     1       (1     (1     -        (1     -        -       1  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net equity transactions

     20,228       34,101       38,166       -        70,684       1,055        498       1,551  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net change in contract owners’ equity

     15,490       37,569       43,978       -        67,482       1,158        319       1,547  

Contract owners’ equity at beginning of period

     37,569       -       -       -        1,158       -        1,547       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  53,059       37,569       43,978       -        68,640       1,158        1,866       1,547  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

CHANGE IN UNITS:

                  

Beginning units

     4,286       -       -       -        109       -        121       -  

Units purchased

     6,524       4,298       5,627       -        9,464       109        104       121  

Units surrendered

     (4,670     (12     (1,252     -        (4,000     -        (66     -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Ending units

     6,140       4,286       4,375           -        5,573       109        159       121  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    RHCF   RHYS   RINF   ROF
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $ -       -       145       -       -       -       145       -

Realized gain (loss) on investments

      39       -       111       -       14       810       8,820       -

Change in unrealized gain (loss) on investments

      (596 )       35       (26 )       26       652       1,759       (693 )       206

Reinvested capital gains

      163       -       -       -       -       -       1,343       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      (394 )       35       230       26       666       2,569       9,615       206
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      -       312       1,160       1,614       418       7,163       14,576       5,421

Transfers between funds

      5,771       -       (3,412 )       382       6,513       (21,314 )       27,414       2,621

Surrenders (notes 2, 3, 4, 5 and 6)

      (5 )       31       (1 )       -       (12 )       -       (133 )       -

Adjustments to maintain reserves

      -       -       -       1       (2 )       1       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      5,766       343       (2,253 )       1,997       6,917       (14,150 )       41,857       8,042
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      5,372       378       (2,023 )       2,023       7,583       (11,581 )       51,472       8,248

Contract owners’ equity at beginning of period

      378       -       2,023       -       -       11,581       8,248       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $   5,750       378       -       2,023       7,583       -       59,720       8,248
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      40       -       204       -       -       2,353       821       -

Units purchased

      608       40       115       204       892       1,301       77,908       821

Units surrendered

      (40 )       -       (319 )       -       (45 )       (3,654 )       (73,932 )       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      608       40       -       204       847       -       4,797       821
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    RPMF   RREF   RTEC   RTEL
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $ 88       1       -       -       -       -       2       -

Realized gain (loss) on investments

      1,029       -       -       -       2,148       (10 )       73       -

Change in unrealized gain (loss) on investments

      (1,435 )       45       (154 )       -       2,117       299       (2,285 )       25

Reinvested capital gains

      -       -       -       -       1,036       1       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      (318 )       46       (154 )       -       5,301       290       (2,210 )       25
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      10,707       1,059       -       -       10,029       1,096       293       312

Transfers between funds

      (2,965 )       -       3,561       -       32,832       1,831       46,380       -

Surrenders (notes 2, 3, 4, 5 and 6)

      (245 )       -       -       -       (106 )       (158 )       (44 )       31

Adjustments to maintain reserves

      -       -       -       -       2       2       -       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      7,497       1,059       3,561       -       42,757       2,771       46,629       343
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      7,179       1,105       3,407       -       48,058       3,061       44,419       368

Contract owners’ equity at beginning of period

      1,105       -       -       -       3,136       75       368       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $  8,284       1,105       3,407       -       51,194       3,136       44,787       368
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      121       -       -       -       338       12       47       -

Units purchased

      9,561       121       391       -       5,994       716       4,964       47

Units surrendered

      (8,840 )       -       -       -       (1,883 )       (390 )       (95 )       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      842       121       391           -       4,449       338       4,916       47
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     RTRF    RUTL    RVARS   RVLCG
     2024   2023    2024   2023    2024   2023   2024   2023

Investment activity*:

                                  

Net investment income (loss)

     $ 1       -        90       -        57,310       32,659       10       -

Realized gain (loss) on investments

       (1 )       -        161       -        11,755       17,854       972       -

Change in unrealized gain (loss) on investments

       15       4        1,407       -        (106,351 )       (1,646 )       1,555       13

Reinvested capital gains

       -       -        -       -        -       -       69       -
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       15       4        1,658       -        (37,286 )       48,867       2,606       13
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                  

Purchase payments received from policyholders (notes 2 and 6)

       241       265        462       -        45,425       71,422       5,131       3,228

Transfers between funds

       -       -        49,886       -        (120,857 )       (71,844 )       (1,013 )       775

Surrenders (notes 2, 3, 4, 5 and 6)

       -       -        (333 )       -        (36,111 )       (47,716 )       (2 )       -

Adjustments to maintain reserves

       -       -        -       -        -       70       -       -
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       241       265        50,015       -        (111,543 )       (48,068 )       4,116       4,003
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       256       269        51,673       -        (148,829 )       799       6,722       4,016

Contract owners’ equity at beginning of period

       269       -        -       -        1,153,252       1,152,453       4,016       -
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $   525       269        51,673       -        1,004,423       1,153,252       10,738       4,016
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                  

Beginning units

       35       -        -       -        89,916       93,779       541       -

Units purchased

       32       35        4,426       -        15,001       19,611       1,507       541

Units surrendered

       -       -        (99 )       -        (23,630 )       (23,474 )       (905 )       -
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       67       35        4,327           -        81,287       89,916       1,143       541
    

 

 

     

 

 

      

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     RVLCV   RVMCG    RVMCV   RVMFU
     2024   2023   2024   2023    2024   2023   2024   2023

Investment activity*:

                                 

Net investment income (loss)

     $ 194       -       -       -        1       -       1,273       -

Realized gain (loss) on investments

       3,847       139       (1,220 )       -        (193 )       53       99       -

Change in unrealized gain (loss) on investments

       (430 )       65       -       -        87       2       (4,804 )       -

Reinvested capital gains

       -       -       -       -        36       -       681       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       3,611       204       (1,220 )       -        (69 )       55       (2,751 )       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                 

Purchase payments received from policyholders (notes 2 and 6)

       4,307       4,688       4,254       -        3,805       702       983       446

Transfers between funds

       63,390       (904 )       (3,104 )       -        598       (673 )       58,745       -

Surrenders (notes 2, 3, 4, 5 and 6)

       (65,721 )       -       69       -        (44 )       (1 )       (93 )       44

Adjustments to maintain reserves

       (1 )       -       1       -        1       -       -       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       1,975       3,784       1,220       -        4,360       28       59,635       490
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       5,586       3,988       -       -        4,291       83       56,884       490

Contract owners’ equity at beginning of period

       3,988       -       -       -        83       -       490       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  9,574       3,988       -       -        4,374       83       57,374       490
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                 

Beginning units

       386       -       -       -        7       -       43       -

Units purchased

       72,220       473       4,393       -        2,001       271       5,048       43

Units surrendered

       (71,769 )       (87 )       (4,393 )       -        (1,656 )       (264 )       (51 )       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       837       386       -           -        352       7       5,040       43
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    RVSCG   RVSCV   ACEG   AVMCCI
    2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                               

Net investment income (loss)

    $ -       -       -       -       -       -       1,236       939

Realized gain (loss) on investments

      (28 )       -       (602 )       -       120       (568 )       (3,343 )       (11,594 )

Change in unrealized gain (loss) on investments

      (498 )       -       248       -       48,620       38,494       51,899       52,869

Reinvested capital gains

      -       -       -       -       -       2,738       8,909       -
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

      (526 )       -       (354 )       -       48,740       40,664       58,701       42,214
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                               

Purchase payments received from policyholders (notes 2 and 6)

      341       -       2,142       -       1,845       1,660       4,053       7,364

Transfers between funds

      16,659       -         4,747       -       2,147       -       (12,282 )       33,114

Surrenders (notes 2, 3, 4, 5 and 6)

      (24 )       -       (54 )       -       (2,729 )       (2,963 )       (8,470 )       (28,273 )

Adjustments to maintain reserves

      -       -       -       -       1       (11 )       (1 )       31
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

      16,976       -       6,835       -       1,264       (1,314 )       (16,700 )       12,236
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

      16,450       -       6,481       -       50,004       39,350       42,001       54,450

Contract owners’ equity at beginning of period

      -       -       -       -       139,357       100,007       346,120       291,670
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

    $  16,450       -       6,481       -       189,361       139,357       388,121       346,120
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                               

Beginning units

      -       -       -       -       3,374       3,412       13,930       13,437

Units purchased

      2,156       -       2,560       -       81       47       268       1,862

Units surrendered

      (191 )       -       (1,950 )       -       (56 )       (85 )       (855 )       (1,369 )
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

      1,965           -       610           -       3,399       3,374       13,343       13,930
   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    IVBRA1     IVCPBI     IVDDI     IVRE  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 936,145       -       3,598       1,306       1,835       1,185       37       -  

Realized gain (loss) on investments

    (162,504     (530,499     256       -       (466     (26     -       -  

Change in unrealized gain (loss) on investments

    (278,541     1,342,585       (400     1,364       5,000       (1,382     27       -  

Reinvested capital gains

    -       -       -       -       3,906       4,880       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    495,100       812,086       3,454       2,670       10,275       4,657       64       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    3,213,214       3,458,173       497       49,266       19,096       31,925       -       -  

Transfers between funds

    (848,895     (1,047,491     44,414       405       (8,107     22,731       1,348       -  

Surrenders (notes 2, 3, 4, 5 and 6)

    (1,094,270     (1,274,565     (612     -       (526     (80     -       -  

Adjustments to maintain reserves

    (6,979     3,208       1       -       1       4       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    1,263,070       1,139,325       44,300       49,671       10,464       54,580       1,348       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    1,758,170       1,951,411       47,754       52,341       20,739       59,237       1,412       -  

Contract owners’ equity at beginning of period

    13,370,437       11,419,026       52,341       -       78,773       19,536       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  15,128,607       13,370,437       100,095       52,341       99,512       78,773       1,412       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    924,895       842,308       5,805       -       7,296       1,973       -       -  

Units purchased

    238,660       272,024       5,086       5,805       1,630       5,357       170       -  

Units surrendered

    (156,115     (189,437     (119     -       (786     (34     -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    1,007,440       924,895       10,772       5,805       8,140       7,296       170           -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    OVAG     OVGI     OVGS     OVIG  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ -       -       -       -       -       15,619       67,224       50,749  

Realized gain (loss) on investments

    (88,027     (135,704     81       -       (138,492     (14,114     (71,445     (210,493

Change in unrealized gain (loss) on investments

    218,267       201,497       (64     64       913,701       1,106,636       (890,144     1,695,469  

Reinvested capital gains

    -       -       -       -       497,411       789,874       689,415       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    130,240       65,793       17       64       1,272,620       1,898,015       (204,950     1,535,725  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    31,371       37,921       15       7,581       769,578       849,393       2,105,759       2,111,059  

Transfers between funds

    (1,665     28,306       -       -       554,034       (68,563     (559,752     (241,877

Surrenders (notes 2, 3, 4, 5 and 6)

    (47,955     (97,030     -       -       (845,449     (417,476     (931,170     (810,090

Adjustments to maintain reserves

    30       33       (32     (7,645     (137     (1,970     (32     407  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    (18,219     (30,770     (17     (64     478,026       361,384       614,805       1,059,499  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    112,021       35,023       -       -       1,750,646       2,259,399       409,855       2,595,224  

Contract owners’ equity at beginning of period

    559,588       524,565       -       -       7,621,885       5,362,486       9,429,509       6,834,285  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  671,609       559,588       -       -       9,372,531       7,621,885       9,839,364       9,429,509  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    40,578       43,041       -       -       229,635       217,681       661,870       580,742  

Units purchased

    9,510       8,594       -       -       53,441       39,886       155,813       181,985  

Units surrendered

    (10,886     (11,057     -       -       (39,786     (27,932     (115,310     (100,857
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    39,202       40,578         -         -       243,290       229,635       702,373       661,870  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    OVSB     OVSC     WRASP     WRBDP  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 12,719       -       -       59,854       225,456       222,527       29,700       23,220  

Realized gain (loss) on investments

    (2,547     (11,820     63,282       16,722       28,080       (145,871     (6,163     (17,520

Change in unrealized gain (loss) on investments

    2,694       45,112       428,143       783,736       641,459       1,284,487       377       55,400  

Reinvested capital gains

    -       -       259,417       -       452,790       -       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    12,866       33,292       750,842       860,312       1,347,785       1,361,143       23,914       61,100  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    9,424       10,581       1,756,420       1,044,882       541,500       742,425       39,040       41,645  

Transfers between funds

    -       18,470       195,924       53,257       (222,695     (346,124     166,226       24,224  

Surrenders (notes 2, 3, 4, 5 and 6)

    (17,210     (25,641     (421,682     (377,897     (676,370     (965,749     (53,315     (102,239

Adjustments to maintain reserves

    (7     20       (696     (325     707       1,728       (23     130  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    (7,793     3,430       1,529,966       719,917       (356,858     (567,720     151,928       (36,240
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    5,073       36,722       2,280,808       1,580,229       990,927       793,423       175,842       24,860  

Contract owners’ equity at beginning of period

    409,951       373,229       5,885,792       4,305,563       10,930,161       10,136,738       914,631       889,771  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  415,024       409,951       8,166,600       5,885,792       11,921,088       10,930,161       1,090,473       914,631  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    34,744       34,442       112,468       97,187       541,563       572,243       57,431       59,877  

Units purchased

    830       4,178       39,695       28,236       41,455       48,754       14,048       4,898  

Units surrendered

    (1,477     (3,876     (13,679     (12,955     (57,695     (79,434     (4,642     (7,344
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    34,097       34,744       138,484       112,468       525,323       541,563       66,837       57,431  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    WRBP     WRCEP     WRENG     WRGNR  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ 12,523       6,350       6,683       5,545       12,759       13,630       35,262       16,229  

Realized gain (loss) on investments

    (33,213     (29,246     72,681       14,387       3,142       5,190       12,213       12,353  

Change in unrealized gain (loss) on investments

    161,202       150,661       144,203       155,954       (40,781     (2,342     (52,957     (16,836

Reinvested capital gains

    -       -       196,153       139,214       -       -       -       -  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    140,512       127,765       419,720       315,100       (24,880     16,478       (5,482     11,746  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    37,704       42,453       60,472       62,487       19,906       21,969       32,615       35,171  

Transfers between funds

    (47,451     6,579       45,255       (4,442     35,966       7,861       27,343       21,460  

Surrenders (notes 2, 3, 4, 5 and 6)

    (75,013     (71,188     (161,285     (162,088     (20,139     (33,017     (38,133     (78,070

Adjustments to maintain reserves

    (118     140       101       326       (53     84       (53     6  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    (84,878     (22,016     (55,457     (103,717     35,680       (3,103     21,772       (21,433
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    55,634       105,749       364,263       211,383       10,800       13,375       16,290       (9,687

Contract owners’ equity at beginning of period

    923,542       817,793       1,624,748       1,413,365       418,529       405,154       672,968       682,655  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  979,176       923,542       1,989,011       1,624,748       429,329       418,529       689,258       672,968  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    31,236       32,093       33,704       36,215       48,220       48,553       94,915       97,808  

Units purchased

    1,444       2,014       5,439       1,735       6,909       4,771       19,714       9,747  

Units surrendered

    (4,030     (2,871     (6,314     (4,246     (2,733     (5,104     (16,846     (12,640
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    28,650       31,236       32,829       33,704       52,396       48,220       97,783       94,915  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

    WRGP     WRHIP     WRI2P     WRIP  
    2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

               

Net investment income (loss)

  $ -       -       233,154       230,647       10,766       11,834       18,485       716  

Realized gain (loss) on investments

    (50,104     (27,435     (86,464     (158,216     (10,185     (10,236     13,833       1,838  

Change in unrealized gain (loss) on investments

    250,083       446,499       70,550       321,567       26,898       106,298       187,220       (17,497

Reinvested capital gains

    321,494       187,402       -       -       1,949       -       15,038       175,225  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

    521,473       606,466       217,240       393,998       29,428       107,896       234,576       160,282  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

               

Purchase payments received from policyholders (notes 2 and 6)

    80,316       83,890       208,623       287,242       29,284       31,278       60,118       44,285  

Transfers between funds

    (135,395     (64,528     (17,811     (357,206     (1,737     (14,536     952,697       (11,135

Surrenders (notes 2, 3, 4, 5 and 6)

    (176,039     (97,686     (252,955     (305,771     (32,071     (40,891     (83,241     (71,974

Adjustments to maintain reserves

    (134     575       (4     440       (18     197       683       168  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

    (231,252     (77,749     (62,147     (375,295     (4,542     (23,952     930,257       (38,656
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

    290,221       528,717       155,093       18,703       24,886       83,944       1,164,833       121,626  

Contract owners’ equity at beginning of period

    2,159,451       1,630,734       3,535,383       3,516,680       786,143       702,199       953,980       832,354  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

  $  2,449,672       2,159,451       3,690,476       3,535,383       811,029       786,143       2,118,813       953,980  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

               

Beginning units

    36,290       37,797       132,227       146,984       40,021       41,333       35,435       37,096  

Units purchased

    3,589       1,872       16,395       15,964       4,418       2,518       37,697       1,983  

Units surrendered

    (6,652     (3,379     (18,646     (30,721     (4,659     (3,830     (5,914     (3,644
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

    33,227       36,290       129,976       132,227       39,780       40,021       67,218       35,435  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     WRLTBP   WRMCG   WRPAP   WRPCP
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ 15,950       5,502       -       -       20,129       92,473       6,500       15,799

Realized gain (loss) on investments

       (438 )       (853 )       (380,391 )       (197,624 )       (52,498 )       (54,431 )       (13,417 )       (4,931 )

Change in unrealized gain (loss) on investments

       (463 )       10,801       369,279       369,984       198,095       (33,234 )       31,633       (3,437 )

Reinvested capital gains

       -       -       86,656       328,053       7,943       243,729       3,986       37,148
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       15,049       15,450       75,544       500,413       173,669       248,537       28,702       44,579
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       4,049       4,222       109,936       123,011       89,078       95,325       23,766       24,041

Transfers between funds

       17,786       15,344       (47,697 )       (80,465 )       (35,390 )       (1,038 )       -       1,311

Surrenders (notes 2, 3, 4, 5 and 6)

       (6,376 )       (14,026 )       (387,661 )       (199,108 )       (86,012 )       (236,666 )       (87,730 )       (27,908 )

Adjustments to maintain reserves

       (377 )       74       49       (46 )       99       151       (35 )       17
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       15,082       5,614       (325,373 )       (156,608 )       (32,225 )       (142,228 )       (63,999 )       (2,539 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       30,131       21,064       (249,829 )       343,805       141,444       106,309       (35,297 )       42,040

Contract owners’ equity at beginning of period

       338,306       317,242       2,997,688       2,653,883       1,673,849       1,567,540       401,205       359,165
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  368,437       338,306       2,747,859       2,997,688       1,815,293       1,673,849       365,908       401,205
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       28,014       27,541       53,460       56,612       52,198       57,419       18,347       18,464

Units purchased

       1,992       1,806       4,417       4,372       6,502       3,559       1,044       1,243

Units surrendered

       (764 )       (1,333 )       (9,929 )       (7,524 )       (7,697 )       (8,780 )       (3,904 )       (1,360 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       29,242       28,014       47,948       53,460       51,003       52,198       15,487       18,347
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     WRPMAP   WRPMAV   WRPMCP   WRPMCV
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ 156,312       545,037       6,696       23,605       10,607       32,693       10       31

Realized gain (loss) on investments

       (286,840 )       (122,275 )       (11,562 )       (6,368 )       (37,525 )       (4,431 )       (11 )       (16 )

Change in unrealized gain (loss) on investments

       1,151,648       (362,068 )       49,197       (28,042 )       82,043       (18,788 )       54       (25 )

Reinvested capital gains

       -       1,348,142       -       75,607       -       79,746       -       97
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       1,021,120       1,408,836       44,331       64,802       55,125       89,220       53       87
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       629,388       599,095       110,949       53,441       32,672       31,906       -       -

Transfers between funds

       (71,410 )       (10,685 )       (15 )       (13 )       (13,131 )       4,036       -       -

Surrenders (notes 2, 3, 4, 5 and 6)

       (753,628 )       (465,469 )       (61,098 )       (45,266 )       (136,993 )       (22,340 )       (21 )       (29 )

Adjustments to maintain reserves

       (134 )       1,701       (1 )       9       (472 )       312       -       (4 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       (195,784 )       124,642       49,835       8,171       (117,924 )       13,914       (21 )       (33 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       825,336       1,533,478       94,166       72,973       (62,799 )       103,134       32       54

Contract owners’ equity at beginning of period

       10,023,357       8,489,879       491,849       418,876       739,739       636,605       766       712
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  10,848,693       10,023,357       586,015       491,849       676,940       739,739       798       766
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       343,779       339,030       28,313       27,811       30,485       29,887       50       52

Units purchased

       21,027       23,331       6,042       3,313       1,409       1,690       -       -

Units surrendered

       (27,227 )       (18,582 )       (3,329 )       (2,811 )       (6,205 )       (1,092 )       (2 )       (2 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       337,579       343,779       31,026       28,313       25,689       30,485       48       50
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     WRPMMV   WRPMP   WRSCP   WRSCV
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ 4,856       14,616       95,919       311,864       -       -       1,208       742

Realized gain (loss) on investments

       (2,600 )       (3,711 )       (270,940 )       (139,460 )       (61,186 )       (76,249 )       (6,400 )       (21,730 )

Change in unrealized gain (loss) on investments

       24,633       (13,222 )       712,958       (110,999 )       250,057       36,786       55,323       39,735

Reinvested capital gains

       -       43,642       -       756,270       -       189,837       675       36,525
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       26,889       41,325       537,937       817,675       188,871       150,374       50,806       55,272
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       29,534       23,770       240,789       262,196       66,337       74,681       14,122       22,948

Transfers between funds

       14       5       11,992       1,570       (28,134 )       21,465       42,023       1,241

Surrenders (notes 2, 3, 4, 5 and 6)

       (19,433 )       (19,190 )       (572,298 )       (418,450 )       (140,766 )       (106,885 )       (22,707 )       (44,864 )

Adjustments to maintain reserves

       (1 )       (3 )       365       634       95       (11 )       (228 )       (7 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       10,114       4,582       (319,152 )       (154,050 )       (102,468 )       (10,750 )       33,210       (20,682 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       37,003       45,907       218,785       663,625       86,403       139,624       84,016       34,590

Contract owners’ equity at beginning of period

       342,386       296,479       6,091,083       5,427,458       1,303,757       1,164,133       389,627       355,037
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  379,389       342,386       6,309,868       6,091,083       1,390,160       1,303,757       473,643       389,627
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       20,867       20,602       229,043       235,282       42,438       42,833       10,323       10,880

Units purchased

       1,683       1,521       20,185       11,106       4,202       4,012       1,741       973

Units surrendered

       (1,124 )       (1,256 )       (32,090 )       (17,345 )       (7,037 )       (4,407 )       (1,081 )       (1,530 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       21,426       20,867       217,138       229,043       39,603       42,438       10,983       10,323
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     WRSTP   WRVP   JABIN   JACAS
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ -       -       9,860       8,775       209       126       629       5,579

Realized gain (loss) on investments

       82,731       (12,668 )       (42,397 )       (381 )       312       9       152,880       12,588

Change in unrealized gain (loss) on investments

       695,208       704,415       3,899       (45,675 )       825       613       887,897       1,422,713

Reinvested capital gains

       100,698       138,244       68,799       84,897       -       -       382,454       -
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       878,637       829,991       40,161       47,616       1,346       748       1,423,860       1,440,880
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       109,597       119,170       21,204       22,623       (97 )       2,427       184,194       151,817

Transfers between funds

       (111,031 )       (43,737 )       15,785       (7,084 )       2,213       2,146       (350,510 )       132,625

Surrenders (notes 2, 3, 4, 5 and 6)

       (255,238 )       (138,991 )       (36,125 )       (43,380 )       -       -       (247,550 )       (284,643 )

Adjustments to maintain reserves

       333       431       27       50       1       (5 )       (618 )       (356 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       (256,339 )       (63,127 )       891       (27,791 )       2,117       4,568       (414,484 )       (557 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       622,298       766,864       41,052       19,825       3,463       5,316       1,009,376       1,440,323

Contract owners’ equity at beginning of period

       2,916,149       2,149,285       609,538       589,713       7,494       2,178       5,244,018       3,803,695
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  3,538,447       2,916,149       650,590       609,538       10,957       7,494       6,253,394       5,244,018
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       45,936       47,081       16,229       17,013       769       258       78,650       79,669

Units purchased

       3,264       2,544       4,662       866       205       1,059       5,499       12,415

Units surrendered

       (6,519 )       (3,689 )       (4,621 )       (1,650 )       -       (548 )       (10,955 )       (13,434 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       42,681       45,936       16,270       16,229       974       769       73,194       78,650
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     JAEI   JAFBS   JAGSEI   JAGTS
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ 66,238       11,737       1,847       718       383       408       -       -

Realized gain (loss) on investments

       8,527       (26,753 )       (6 )       -       4,163       40       2,814,738       1,068,729

Change in unrealized gain (loss) on investments

       757,769       654,662       (1,065 )       906       3,743       7,532       15,053,067       17,558,509

Reinvested capital gains

       340,376       457,514       -       -       1,274       -       -       -
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       1,172,910       1,097,160       776       1,624       9,563       7,980       17,867,805       18,627,238
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       674,288       607,314       6,031       33,437       103,663       48,156       12,868,760       10,104,901

Transfers between funds

       1,866,135       800,144       3,545       1,755       9,846       66,740       (3,229,573 )       (2,939 )

Surrenders (notes 2, 3, 4, 5 and 6)

       (690,599 )       (353,266 )       (320 )       (6 )       (22,634 )       (18,663 )       (6,120,382 )       (3,991,006 )

Adjustments to maintain reserves

       (98 )       84       -       -       (1 )       1       1,788       (5,963 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       1,849,726       1,054,276       9,256       35,186       90,874       96,234       3,520,593       6,104,993
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       3,022,636       2,151,436       10,032       36,810       100,437       104,214       21,388,398       24,732,231

Contract owners’ equity at beginning of period

       7,769,022       5,617,586       36,810       -       104,214       -       56,468,476       31,736,245
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $ 10,791,658       7,769,022       46,842       36,810       204,651       104,214       77,856,874       56,468,476
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       357,626       305,321       4,081       -       9,306       -       873,878       757,696

Units purchased

       145,038       92,218       1,107       4,082       10,622       11,185       285,903       288,624

Units surrendered

       (72,960 )       (39,913 )       (78 )       (1 )       (3,474 )       (1,879 )       (245,307 )       (172,442 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       429,704       357,626       5,110       4,081       16,454       9,306       914,474       873,878
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     JAIG    JAIGS   JAMGS   JAWGS
     2024   2023    2024   2023   2024   2023   2024   2023

Investment activity*:

                                 

Net investment income (loss)

     $ 226       -        50,797       39,804       108,475       11,170       149       -

Realized gain (loss) on investments

       (17 )       -        81,258       164,484       (6,907 )       (23,431 )       8,230       -

Change in unrealized gain (loss) on investments

       (908 )       -        9,291       92,458       1,471,420       958,621       (363 )       -

Reinvested capital gains

       -       -        -       -       747,825       757,104       -       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       (699 )       -        141,346       296,746       2,320,813       1,703,464       8,016       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                 

Purchase payments received from policyholders (notes 2 and 6)

       27,137       -        1,222,795       331,576       6,752,148       4,648,311       3,342       -

Transfers between funds

       -       -        82,331       (149,357 )       291,149       7,645       70,716       -

Surrenders (notes 2, 3, 4, 5 and 6)

       (1,759 )       -        (259,866 )       (175,181 )       (1,897,678 )       (1,244,312 )       (1,490 )       -

Adjustments to maintain reserves

       -       -        (116 )       (1,333 )       (1,628 )       374       2       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       25,378       -        1,045,144       5,705       5,143,991       3,412,018       72,570       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       24,679       -        1,186,490       302,451       7,464,804       5,115,482       80,586       -

Contract owners’ equity at beginning of period

       -       -        3,029,053       2,726,602       13,062,558       7,947,076       -       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  24,679       -        4,215,543       3,029,053       20,527,362       13,062,558       80,586       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                 

Beginning units

       -       -        189,930       189,061       648,449       464,632       -       -

Units purchased

       2,329       -        84,362       55,148       349,929       270,176       23,030       -

Units surrendered

       (151 )       -        (23,929 )       (54,279 )       (114,750 )       (86,359 )       (15,877 )       -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       2,178          -        250,363       189,930       883,628       648,449       7,153          -
    

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     JMCVIN   LPVCII    LVCLGI   SBVSG
     2024   2023   2024   2023    2024   2023   2024   2023

Investment activity*:

                                 

Net investment income (loss)

     $ 110       93       10,527       -        -       -       -       -

Realized gain (loss) on investments

       44       (4 )       965       -        3,909       119       6       -

Change in unrealized gain (loss) on investments

       740       733       (112,428 )       -        (11,713 )       1,264       (216 )       -

Reinvested capital gains

       640       144       111,326       -        58,232       48       529       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       1,534       966       10,390       -        50,428       1,431       319       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                 

Purchase payments received from policyholders (notes 2 and 6)

       -       1,561       1,262,712       -        1,212,350       4,152       17,891       -

Transfers between funds

       5,888       5,488       126,061       -        328,104       (516 )       (11 )       -

Surrenders (notes 2, 3, 4, 5 and 6)

       (217 )       (27 )       (74,917 )       -        (73,449 )       (11 )       (1,854 )       -

Adjustments to maintain reserves

       (1 )       3       (1 )       -        -       3       1       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       5,670       7,025       1,313,855       -        1,467,005       3,628       16,027       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       7,204       7,991       1,324,245       -        1,517,433       5,059       16,346       -

Contract owners’ equity at beginning of period

       11,741       3,750       -       -        6,483       1,424       -       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  18,945       11,741       1,324,245       -        1,523,916       6,483       16,346       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                 

Beginning units

       1,105       393       -       -        673       213       -       -

Units purchased

       766       714       126,845       -        133,033       520       1,502       -

Units surrendered

       (295 )       (2 )       (10,075 )       -        (9,946 )       (60 )       (157 )       -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       1,576       1,105       116,770          -        123,760       673       1,345          -
    

 

 

     

 

 

     

 

 

     

 

 

      

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     SBVSG2     LACIP2      LACIPS      LACMV2  
     2024     2023     2024     2023      2024     2023      2024     2023  

Investment activity*:

                  

Net investment income (loss)

   $ -       -       403,489       -        16,184       -        86,009       -  

Realized gain (loss) on investments

     8,403       207       15,017       -        743       -        5,578       -  

Change in unrealized gain (loss) on investments

     (1,676     4,181       (44,517     -        (2,935     -        100,543       -  

Reinvested capital gains

     10,683       -       -       -        -       -        75,140       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     17,410       4,388       373,989       -        13,992       -        267,270       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Equity transactions:

                  

Purchase payments received from policyholders (notes 2 and 6)

     22,536       2,222       455,051       -        4,316       -        72,187       -  

Transfers between funds

     134,145       111,023       11,388,648       -        452,536       -        3,872,518       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (180     (187     (536,533     -        17,315       -        (79,645     -  

Adjustments to maintain reserves

     -       1       4,321       -        (10     -        100       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net equity transactions

     156,501       113,059       11,311,487       -        474,157       -        3,865,160       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net change in contract owners’ equity

     173,911       117,447       11,685,476       -        488,149       -        4,132,430       -  

Contract owners’ equity at beginning of period

     117,645       198       -       -        -       -        -       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  291,556       117,645       11,685,476       -        488,149       -        4,132,430       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

CHANGE IN UNITS:

                  

Beginning units

     16,451       30       -       -        -       -        -       -  

Units purchased

     57,929       19,271       1,228,303       -        49,783       -        405,910       -  

Units surrendered

     (35,266     (2,850     (98,167     -        (2,526     -        (19,089     -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Ending units

     39,114       16,451       1,130,136          -        47,257       -        386,821          -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     LOVBD   LOVTRC   MFBIE   MFBOV
     2024   2023   2024   2023   2024   2023   2024   2023

Investment activity*:

                                

Net investment income (loss)

     $ 89       27       1,038,004       602,646       83,556       70,779       104,209       95,953

Realized gain (loss) on investments

       -       -       (68,725 )       (65,216 )       7,197       18,211       52,428       1,150

Change in unrealized gain (loss) on investments

       (21 )       (4 )       (501,963 )       216,926       6,404       259,336       249,916       151,736

Reinvested capital gains

       -       -       -       -       -       -       448,400       62,363
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

       68       23       467,316       754,356       97,157       348,326       854,953       311,202
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Equity transactions:

                                

Purchase payments received from policyholders (notes 2 and 6)

       987       516       9,355,968       5,841,658       255,551       240,701       509,943       1,102,176

Transfers between funds

       10,308       -       222,821       639,559       119,136       (281,697 )       93,126       (157,340 )

Surrenders (notes 2, 3, 4, 5 and 6)

       (8 )       -       (2,182,056 )       (1,241,261 )       (102,951 )       (99,888 )       (327,190 )       (180,470 )

Adjustments to maintain reserves

       8       (9 )       2,313       171       (65 )       153       (89 )       62
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net equity transactions

       11,295       507       7,399,046       5,240,127       271,671       (140,731 )       275,790       764,428
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Net change in contract owners’ equity

       11,363       530       7,866,362       5,994,483       368,828       207,595       1,130,743       1,075,630

Contract owners’ equity at beginning of period

       539       9       14,276,106       8,281,623       2,473,867       2,266,272       4,461,725       3,386,095
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Contract owners’ equity at end of period

     $  11,902       539       22,142,468       14,276,106       2,842,695       2,473,867       5,592,468       4,461,725
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

CHANGE IN UNITS:

                                

Beginning units

       59       1       1,299,977       801,901       195,479       207,736       174,047       142,133

Units purchased

       1,157       59       920,090       655,204       37,148       26,162       25,596       52,922

Units surrendered

       -       (1 )       (255,982 )       (157,128 )       (16,552 )       (38,419 )       (15,743 )       (21,008 )
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

Ending units

       1,216       59       1,964,085       1,299,977       216,075       195,479       183,900       174,047
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     MFFCA     MFTCG     MMCGSC     MNDIC  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 110,330       20,139       -       -       -       -       -       -  

Realized gain (loss) on investments

     296,978       (140,800     324,573       (33,466     5,062       17       (639,188     (328,458

Change in unrealized gain (loss) on investments

     (359,810     772,806       619,943       1,219,416       (8,525     2,103       936,209       975,234  

Reinvested capital gains

     362,397       305,423       716,150       355,641       22,033       202       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     409,895       957,568       1,660,666       1,541,591       18,570       2,322       297,021       646,776  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     669,936       535,812       849,330       711,879       344,434       20,490       255,574       315,017  

Transfers between funds

     (102,733     (188,508     (1,407,508     542,847       251,776       14,288       (1,090,314     (253,326

Surrenders (notes 2, 3, 4, 5 and 6)

     (484,271     (334,125     (616,093     (302,503     (30,093     (2,986     (250,385     (278,806

Adjustments to maintain reserves

     (11     (15     16       331       1       -       (120     219  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     82,921       13,164       (1,174,255     952,554       566,118       31,792       (1,085,245     (216,896
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     492,816       970,732       486,411       2,494,145       584,688       34,114       (788,224     429,880  

Contract owners’ equity at beginning of period

     4,982,113       4,011,381       7,188,719       4,694,574       34,114       -       5,055,181       4,625,301  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  5,474,929       4,982,113       7,675,130       7,188,719       618,802       34,114       4,266,957       5,055,181  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     129,230       128,563       149,957       129,303       3,006       -       165,028       172,756  

Units purchased

     62,100       18,342       18,040       42,190       52,427       3,293       12,298       16,103  

Units surrendered

     (62,161     (17,675     (40,423     (21,536     (7,795     (287     (46,805     (23,831
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     129,169       129,230       127,574       149,957       47,638       3,006       130,521       165,028  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     MNDSC     MV2IGI     MV2RIS     MV3LMI  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       72       52       897       -       1,223       -  

Realized gain (loss) on investments

     898       -       201       111       71       -       14       -  

Change in unrealized gain (loss) on investments

     417       753       963       2,672       (5,826     -       (290     -  

Reinvested capital gains

     -       -       1,795       893       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     1,315       753       3,031       3,728       (4,858     -       947       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     4,834       -       -       -       143,648       48       149,201       -  

Transfers between funds

     71,126       7,465       -       -       64       -       125       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (198     (8     (761     (721     (4,640     (13     (4,732     -  

Adjustments to maintain reserves

     (1     -       (1     (3     -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     75,761       7,457       (762     (724     139,072       35       144,594       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     77,076       8,210       2,269       3,004       134,214       35       145,541       -  

Contract owners’ equity at beginning of period

     8,210       -       18,874       15,870       35       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  85,286       8,210       21,143       18,874       134,249       35       145,541       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     1,164       -       644       672       3       -       -       -  

Units purchased

     10,935       1,165       -       -       12,462       4       13,949       -  

Units surrendered

     (738     (1     (23     (28     (401     (1     (446     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     11,361       1,164       621       644       12,064       3       13,503       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     MV3LMS     MV3MVI     MVFIC     MVIGIC  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 1,583       2       85,817       47,357       473,065       363,025       94,149       54,773  

Realized gain (loss) on investments

     14,953       -       (4,989     (30,486     208,572       144,819       10,572       (14,109

Change in unrealized gain (loss) on investments

     224       171       323,188       264,521       91,564       (258,883     505,222       457,034  

Reinvested capital gains

     -       -       289,375       89,813       2,142,521       1,525,896       30,585       156,195  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     16,760       173       693,391       371,205       2,915,722       1,774,857       640,528       653,893  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     27,396       784       5,301,384       1,378,293       6,620,626       3,864,234       4,051,208       1,571,471  

Transfers between funds

     8,709       4,949       719,887       540,445       (1,097,024     (245,067     891,090       952,843  

Surrenders (notes 2, 3, 4, 5 and 6)

     (5,839     (190     (866,529     (257,736     (2,329,025     (1,370,993     (831,906     (293,726

Adjustments to maintain reserves

     -       2       (3,082     60       (3,172     630       (2,223     167  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     30,266       5,545       5,151,660       1,661,062       3,191,405       2,248,804       4,108,169       2,230,755  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     47,026       5,718       5,845,051       2,032,267       6,107,127       4,023,661       4,748,697       2,884,648  

Contract owners’ equity at beginning of period

     5,718       -       3,910,521       1,878,254       24,281,720       20,258,059       6,497,391       3,612,743  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  52,744       5,718       9,755,572       3,910,521       30,388,847       24,281,720       11,246,088       6,497,391  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     551       -       210,769       114,117       526,766       474,335       479,950       306,145  

Units purchased

     41,350       570       324,064       131,008       149,395       118,016       384,504       226,756  

Units surrendered

     (37,058     (19     (72,576     (34,356     (85,498     (65,585     (102,333     (52,951
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     4,843       551       462,257       210,769       590,663       526,766       762,121       479,950  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     MVIVIC     MVIVSC     MVUIC     MGRFV  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 173,442       82,248       633       268       23,017       38,179       -       6  

Realized gain (loss) on investments

     182,163       200,240       865       4,209       (57,228     6,033       (22     -  

Change in unrealized gain (loss) on investments

     (32,404     728,384       (325     91       57,430       (112,100     22       (22

Reinvested capital gains

     559,267       854,645       2,464       4,288       28,403       59,076       -       23  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     882,468       1,865,517       3,637       8,856       51,622       (8,812     -       7  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     602,433       689,396       -       -       613,400       597,430       -       312  

Transfers between funds

     (301,671     (650,170     -       (7,235     992,514       29,630       (351     -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (586,549     (593,164     (1,867     (2,715     (209,595     (106,296     -       31  

Adjustments to maintain reserves

     (269     730       -       (2     3       24       -       1  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (286,056     (553,208     (1,867     (9,952     1,396,322       520,788       (351     344  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     596,412       1,312,309       1,770       (1,096     1,447,944       511,976       (351     351  

Contract owners’ equity at beginning of period

     12,023,611       10,711,302       51,915       53,011       1,334,520       822,544       351       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  12,620,023       12,023,611       53,685       51,915       2,782,464       1,334,520       -       351  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     450,674       472,370       1,729       2,072       86,624       52,266       33       -  

Units purchased

     27,443       36,542       -       -       127,885       43,687       -       33  

Units surrendered

     (37,051     (58,238     (58     (343     (52,759     (9,329     (33     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     441,066       450,674       1,671       1,729       161,750       86,624       -       33  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     DTRTFB     DTRTFY     EIF     GBF  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 126,276       34,586       999       654       75,957       70,478       71,759       60,548  

Realized gain (loss) on investments

     (34,577     (25,492     1,041       -       43,746       64       (113,105     (166,089

Change in unrealized gain (loss) on investments

     (51,767     42,012       (1,404     829       107,800       49,964       66,006       206,046  

Reinvested capital gains

     -       -       -       -       170,514       301,947       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     39,932       51,106       636       1,483       398,017       422,453       24,660       100,505  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     172,267       145,645       4,762       4,790       166,827       168,980       489,223       689,518  

Transfers between funds

     247,812       244,471       (16,031     14,928       20,566       (305,785     (530,115     (649,471

Surrenders (notes 2, 3, 4, 5 and 6)

     (57,471     (57,208     (100     (10     (201,560     (285,698     (241,174     (109,250

Adjustments to maintain reserves

     (6     20       1       (1     (162     (114     (508     (478
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     362,602       332,928       (11,368     19,707       (14,329     (422,617     (282,574     (69,681
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     402,534       384,034       (10,732     21,190       383,688       (164     (257,914     30,824  

Contract owners’ equity at beginning of period

     1,114,145       730,111       21,190       -       3,924,640       3,924,804       2,336,596       2,305,772  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,516,679       1,114,145       10,458       21,190       4,308,328       3,924,640       2,078,682       2,336,596  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     108,382       75,046       2,303       -       98,321       110,110       153,712       158,815  

Units purchased

     57,194       47,895       1,976       2,304       7,949       8,280       34,455       61,293  

Units surrendered

     (22,585     (14,559     (3,182     (1     (8,021     (20,069     (52,813     (66,396
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     142,991       108,382       1,097       2,303       98,249       98,321       135,354       153,712  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     GEM     GIG     GVAAA2     GVABD2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 205,356       246,898       33,631       26,422       -       -       -       -  

Realized gain (loss) on investments

     211,347       142,132       855       (23,670     1,220,619       487,505       (5,586     (9,000

Change in unrealized gain (loss) on investments

     530,790       230,657       83,020       177,131       7,669,804       1,432,176       16,036       55,844  

Reinvested capital gains

     -       -       -       -       2,878,677       7,209,178       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     947,493       619,687       117,506       179,883       11,769,100       9,128,859       10,450       46,844  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     974,095       1,104,757       149,930       45,517       9,518,623       10,822,084       54,475       37,816  

Transfers between funds

     84,002       203,200       209,376       42,762       662,845       (3,432,287     58,223       103,510  

Surrenders (notes 2, 3, 4, 5 and 6)

     (1,036,143     (981,972     (52,255     (129,916     (9,175,026     (4,725,243     (59,655     (59,659

Adjustments to maintain reserves

     (787     (3,443     (31     120       (105,149     (5,076     (72     87  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     21,167       322,542       307,020       (41,517     901,293       2,659,478       52,971       81,754  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     968,660       942,229       424,526       138,366       12,670,393       11,788,337       63,421       128,598  

Contract owners’ equity at beginning of period

     14,970,368       14,028,139       984,797       846,431       72,188,953       60,400,616       1,129,684       1,001,086  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  15,939,028       14,970,368       1,409,323       984,797       84,859,346       72,188,953       1,193,105       1,129,684  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     1,435,037       1,400,697       62,497       65,373       2,378,890       2,265,868       76,030       70,408  

Units purchased

     211,511       223,016       26,645       9,207       519,144       492,496       11,341       14,019  

Units surrendered

     (208,982     (188,676     (8,788     (12,083     (487,236     (379,474     (7,730     (8,397
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     1,437,566       1,435,037       80,354       62,497       2,410,798       2,378,890       79,641       76,030  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     GVAGG2     GVAGI2     GVAGR2     GVDMA  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       -       -       -       -  

Realized gain (loss) on investments

     199,940       167,431       121,713       73,886       316,371       430,547       (67,494     (167,829

Change in unrealized gain (loss) on investments

     347,493       545,193       633,536       444,086       2,536,975       1,653,944       1,114,718       1,525,391  

Reinvested capital gains

     458,979       722,769       248,815       376,851       454,507       1,106,866       -       94,071  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     1,006,412       1,435,393       1,004,064       894,823       3,307,853       3,191,357       1,047,224       1,451,633  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     362,188       362,049       105,497       110,369       275,884       289,114       191,887       198,209  

Transfers between funds

     (523,139     (124,393     (145,943     (43,825     (16,158     (467,160     (82,217     (17,245

Surrenders (notes 2, 3, 4, 5 and 6)

     (494,137     (595,761     (283,920     (270,846     (663,464     (931,400     (727,205     (677,061

Adjustments to maintain reserves

     (198     (380     33       692       (448     (290     1       1,085  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (655,286     (358,485     (324,333     (203,610     (404,186     (1,109,736     (617,534     (495,012
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     351,126       1,076,908       679,731       691,213       2,903,667       2,081,621       429,690       956,621  

Contract owners’ equity at beginning of period

     7,724,990       6,648,082       4,290,640       3,599,427       10,889,050       8,807,429       9,318,177       8,361,556  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  8,076,116       7,724,990       4,970,371       4,290,640       13,792,717       10,889,050       9,747,867       9,318,177  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     188,616       198,263       117,012       123,371       192,374       214,651       294,219       311,347  

Units purchased

     12,389       18,978       3,182       14,884       9,368       11,457       6,209       7,329  

Units surrendered

     (26,851     (28,625     (10,664     (21,243     (15,945     (33,734     (23,664     (24,457
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     174,154       188,616       109,530       117,012       185,797       192,374       276,764       294,219  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     GVDMC     GVEX1     GVEXD     GVIDA  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       3,104,912       2,658,179       32,080       14,453       -       -  

Realized gain (loss) on investments

     (7,441     (7,544     (8,716,864     (5,340,661     110,452       (7,621     (19,888     (50,738

Change in unrealized gain (loss) on investments

     39,102       61,559       65,334,823       43,702,553       278,415       147,053       275,740       370,201  

Reinvested capital gains

     -       -       206,670       230,876       1,635       1,350       -       22,076  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     31,661       54,015       59,929,541       41,250,947       422,582       155,235       255,852       341,539  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     12,981       12,874       68,465,646       43,725,640       1,312,018       629,940       57,171       50,546  

Transfers between funds

     471       265       2,976,193       7,917,250       677,004       539,584       (46,653     (13,359

Surrenders (notes 2, 3, 4, 5 and 6)

     42,737       (23,607     (19,429,436     (11,490,709     (148,537     (302,087     (102,870     (165,109

Adjustments to maintain reserves

     -       (1     (48,862     4,510       4       3       1       16  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     56,189       (10,469     51,963,541       40,156,691       1,840,489       867,440       (92,351     (127,906
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     87,850       43,546       111,893,082       81,407,638       2,263,071       1,022,675       163,501       213,633  

Contract owners’ equity at beginning of period

     528,945       485,399       224,506,780       143,099,142       1,126,696       104,021       2,049,888       1,836,255  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  616,795       528,945       336,399,862       224,506,780       3,389,767       1,126,696       2,213,389       2,049,888  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     23,378       23,866       6,241,286       5,010,787       107,563       12,510       60,080       64,249  

Units purchased

     5,172       1,407       2,195,624       1,818,308       185,451       130,431       1,610       1,675  

Units surrendered

     (2,853     (1,895     (941,100     (587,809     (33,871     (35,378     (4,095     (5,844
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     25,697       23,378       7,495,810       6,241,286       259,143       107,563       57,595       60,080  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     GVIDC     GVIDM     GVIX2     GVIXY  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       97,007       59,862       9,461       3,630  

Realized gain (loss) on investments

     (4,168     (3,229     (202,202     (235,273     62,739       (7,159     3,521       297  

Change in unrealized gain (loss) on investments

     22,832       41,340       601,759       846,244       (105,409     371,961       (8,818     8,787  

Reinvested capital gains

     -       -       -       -       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     18,664       38,111       399,557       610,971       54,337       424,664       4,164       12,714  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     3,530       3,589       57,876       59,104       113,862       126,585       54,364       60,404  

Transfers between funds

     -       -       (34,111     (8,252     17,624       (164,703     54,008       65,423  

Surrenders (notes 2, 3, 4, 5 and 6)

     (29,999     (21,975     (467,239     (393,254     (105,204     (215,230     (1,461     (321

Adjustments to maintain reserves

     (1     (7     (6     (195     (116     216       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (26,470     (18,393     (443,480     (342,597     26,166       (253,132     106,911       125,506  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (7,806     19,718       (43,923     268,374       80,503       171,532       111,075       138,220  

Contract owners’ equity at beginning of period

     504,465       484,747       4,587,607       4,319,233       2,766,727       2,595,195       144,131       5,911  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  496,659       504,465       4,543,684       4,587,607       2,847,230       2,766,727       255,206       144,131  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     27,513       28,560       170,013       183,632       192,329       211,633       14,502       700  

Units purchased

     188       205       5,832       3,067       36,376       27,648       12,539       13,957  

Units surrendered

     (1,611     (1,252     (21,387     (16,686     (36,331     (46,952     (2,172     (155
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     26,090       27,513       154,458       170,013       192,374       192,329       24,869       14,502  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     HIBF     IDPG     IDPGI     MCIF  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 226,466       232,341       -       -       -       -       281,970       265,278  

Realized gain (loss) on investments

     (38,600     (46,774     8,415       (19,687     (6,270     (40,680     92,608       (93,102

Change in unrealized gain (loss) on investments

     61,778       280,364       535,490       647,350       165,794       254,387       1,517,441       1,827,049  

Reinvested capital gains

     -       -       -       -       -       -       1,213,924       1,069,838  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     249,644       465,931       543,905       627,663       159,524       213,707       3,105,943       3,069,063  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     220,097       260,019       956,242       820,065       421,859       436,473       2,997,466       2,335,843  

Transfers between funds

     (86,616     33,835       47,091       42,648       6,209       (521     (99,420     548,809  

Surrenders (notes 2, 3, 4, 5 and 6)

     (278,883     (269,032     (341,275     (331,801     (171,805     (327,851     (1,392,244     (1,159,926

Adjustments to maintain reserves

     (141     3,356       (8     19       -       2       187       (104
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (145,543     28,178       662,050       530,931       256,263       108,103       1,505,989       1,724,622  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     104,101       494,109       1,205,955       1,158,594       415,787       321,810       4,611,932       4,793,685  

Contract owners’ equity at beginning of period

     4,016,629       3,522,520       5,641,812       4,483,218       1,976,474       1,654,664       22,915,507       18,121,822  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  4,120,730       4,016,629       6,847,767       5,641,812       2,392,261       1,976,474       27,527,439       22,915,507  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     150,429       149,240       366,340       329,539       140,897       132,557       431,990       396,475  

Units purchased

     12,264       15,415       61,801       65,026       30,403       33,658       92,163       84,102  

Units surrendered

     (17,481     (14,226     (21,799     (28,225     (13,140     (25,318     (66,922     (48,587
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     145,212       150,429       406,342       366,340       158,160       140,897       457,231       431,990  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     MCIFD     MSBF     NCPG     NCPGI  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 2,506       403       188,367       128,679       -       -       -       -  

Realized gain (loss) on investments

     387       346       (6,821     (19,712     119,178       37,727       95,450       10,475  

Change in unrealized gain (loss) on investments

     (567     512       84,468       (44,290     804,464       728,221       546,366       701,922  

Reinvested capital gains

     5,047       1,153       -       123,217       -       119,976       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     7,373       2,414       266,014       187,894       923,642       885,924       641,816       712,397  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     138,739       24,138       152,604       138,804       1,154,093       1,190,778       1,787,894       1,280,469  

Transfers between funds

     49,461       16,363       421,467       230,617       191,629       (455,400     (169,225     148,284  

Surrenders (notes 2, 3, 4, 5 and 6)

     (475     (58     (238,776     (236,013     (777,527     (683,896     (503,673     (470,223

Adjustments to maintain reserves

     (2     -       (92     192       6       11,123       (5     (40
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     187,723       40,443       335,203       133,600       568,201       62,605       1,114,991       958,490  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     195,096       42,857       601,217       321,494       1,491,843       948,529       1,756,807       1,670,887  

Contract owners’ equity at beginning of period

     42,857       -       2,429,348       2,107,854       8,022,128       7,073,599       6,659,840       4,988,953  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  237,953       42,857       3,030,565       2,429,348       9,513,971       8,022,128       8,416,647       6,659,840  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     4,336       -       112,446       106,052       518,213       514,580       467,639       394,813  

Units purchased

     17,916       5,441       31,583       27,900       84,245       76,993       120,958       95,870  

Units surrendered

     (1,070     (1,105     (16,902     (21,506     (50,368     (73,360     (45,891     (23,044
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     21,182       4,336       127,127       112,446       552,090       518,213       542,706       467,639  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NJNDE2     NVAMV1     NVAMVX     NVBX  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 1       -       70,416       64,221       89,833       79,359       296,242       175,383  

Realized gain (loss) on investments

     717       -       14,988       4,020       162,427       122,569       (335,581     (93,482

Change in unrealized gain (loss) on investments

     16,042       -       197,478       41,813       80,376       (77,457     122,699       232,846  

Reinvested capital gains

     -       -       284,898       206,760       330,849       235,391       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     16,760       -       567,780       316,814       663,485       359,862       83,360       314,747  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     266,547       4,686       -       (196     391,016       370,661       2,103,691       1,073,116  

Transfers between funds

     (1,123     -       (7,177     (223,177     (129,618     67,640       1,677,771       1,223,883  

Surrenders (notes 2, 3, 4, 5 and 6)

     (8,975     (34     (237,606     (264,522     (437,541     (344,621     (420,284     (474,094

Adjustments to maintain reserves

     -       -       (4     (9     (216     (370     (394     524  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     256,449       4,652       (244,787     (487,904     (176,359     93,310       3,360,784       1,823,429  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     273,209       4,652       322,993       (171,090     487,126       453,172       3,444,144       2,138,176  

Contract owners’ equity at beginning of period

     4,652       -       3,763,948       3,935,038       4,347,997       3,894,825       7,225,368       5,087,192  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  277,861       4,652       4,086,941       3,763,948       4,835,123       4,347,997       10,669,512       7,225,368  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     424       -       72,376       82,356       252,364       246,397       644,511       477,342  

Units purchased

     20,843       427       3       1,529       32,454       52,363       463,835       237,613  

Units surrendered

     (773     (3     (4,230     (11,509     (41,815     (46,396     (166,791     (70,444
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     20,494       424       68,149       72,376       243,003       252,364       941,555       644,511  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVBXD     NVCBD1     NVCCA1     NVCCAY  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 10,306       1,556       94,909       85,201       -       -       -       -  

Realized gain (loss) on investments

     487       (203     (53,600     (42,999     226,096       (39,035     7,268       122  

Change in unrealized gain (loss) on investments

     (12,164     1,161       (4,387     95,480       3,928,473       2,671,962       104,303       43,460  

Reinvested capital gains

     -       -       -       -       372,865       2,365,898       13,194       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (1,371     2,514       36,922       137,682       4,527,434       4,998,825       124,765       43,582  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     22,961       46,199       157,975       150,526       3,622,535       4,070,591       923,384       877,059  

Transfers between funds

     263,229       8,908       61,433       154,704       (206,326     (1,407,398     189,329       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (1,764     (32     (134,971     (187,950     (2,863,464     (2,031,539     (93,967     (5,007

Adjustments to maintain reserves

     1       -       (110     146       (101,824     831       -       1  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     284,427       55,075       84,327       117,426       450,921       632,485       1,018,746       872,053  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     283,056       57,589       121,249       255,108       4,978,355       5,631,310       1,143,511       915,635  

Contract owners’ equity at beginning of period

     57,589       -       2,795,569       2,540,461       35,799,182       30,167,872       915,635       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  340,645       57,589       2,916,818       2,795,569       40,777,537       35,799,182       2,059,146       915,635  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     6,348       -       181,157       173,162       1,449,073       1,422,060       84,065       -  

Units purchased

     32,640       6,386       25,306       26,915       140,814       190,507       91,498       84,535  

Units surrendered

     (1,859     (38     (20,010     (18,920     (123,744     (163,494     (7,805     (470
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     37,129       6,348       186,453       181,157       1,466,143       1,449,073       167,758       84,065  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVCCN1     NVCCNY     NVCMA1     NVCMAY  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       -       -       -       -  

Realized gain (loss) on investments

     8,297       (2,337     775       1       480,745       (425,567     (13,188     1  

Change in unrealized gain (loss) on investments

     163,781       203,613       2,339       27       8,810,451       7,731,722       (5,223     31  

Reinvested capital gains

     -       64,413       -       -       1,409,276       4,576,077       4,379       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     172,078       265,689       3,114       28       10,700,472       11,882,232       (14,032     32  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     342,978       345,794       125,487       5,992       7,099,891       8,373,227       955,612       15,172  

Transfers between funds

     (6,668     7,385       5,522       -       (202,061     770,198       128,198       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (278,519     (322,752     (22,149     (259     (8,233,692     (5,504,646     (76,865     (394

Adjustments to maintain reserves

     (62     (180     1       -       150,290       (6,211     1       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     57,729       30,247       108,861       5,733       (1,185,572     3,632,568       1,006,946       14,778  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     229,807       295,936       111,975       5,761       9,514,900       15,514,800       992,914       14,810  

Contract owners’ equity at beginning of period

     3,256,838       2,960,902       5,761       -       79,523,080       64,008,280       14,810       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  3,486,645       3,256,838       117,736       5,761       89,037,980       79,523,080       1,007,724       14,810  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     192,382       190,487       543       -       3,041,526       2,890,410       1,352       -  

Units purchased

     21,197       23,073       12,003       568       289,161       419,447       85,586       1,389  

Units surrendered

     (17,769     (21,178     (2,012     (25     (336,550     (268,331     (6,172     (37
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     195,810       192,382       10,534       543       2,994,137       3,041,526       80,766       1,352  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVCMC1     NVCMD1     NVCMDY     NVCRA1  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       -       -       -       -  

Realized gain (loss) on investments

     11,750       (9,017     29,065       (267,592     1,166       1       977,012       274,064  

Change in unrealized gain (loss) on investments

     297,114       248,338       3,656,013       2,863,218       (7,584     29       7,316,418       5,282,371  

Reinvested capital gains

     5,366       187,896       557,549       2,241,957       2,121       -       664,597       2,780,137  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     314,230       427,217       4,242,627       4,837,583       (4,297     30       8,958,027       8,336,572  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     411,697       562,712       2,900,813       3,476,477       791,901       6,012       7,776,809       15,601,178  

Transfers between funds

     (6,871     (106,130     (38,945     408,385       16,375       -       (131,345     235,390  

Surrenders (notes 2, 3, 4, 5 and 6)

     (482,622     (352,756     (2,378,449     (2,913,068     (41,701     (260     (4,428,850     (3,259,324

Adjustments to maintain reserves

     (58     (27     (152,425     1,695       1       -       (131,290     (1,536
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (77,854     103,799       330,994       973,489       766,576       5,752       3,085,324       12,575,708  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     236,376       531,016       4,573,621       5,811,072       762,279       5,782       12,043,351       20,912,280  

Contract owners’ equity at beginning of period

     4,066,736       3,535,720       37,781,829       31,970,757       5,782       -       56,842,094       35,929,814  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  4,303,112       4,066,736       42,355,450       37,781,829       768,061       5,782       68,885,445       56,842,094  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     202,891       197,348       1,627,885       1,583,493       534       -       2,068,742       1,565,783  

Units purchased

     20,538       33,593       145,544       192,349       66,648       558       302,323       652,117  

Units surrendered

     (24,261     (28,050     (131,982     (147,957     (3,500     (24     (199,374     (149,158
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     199,168       202,891       1,641,447       1,627,885       63,682       534       2,171,691       2,068,742  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVCRAY     NVCRB1     NVCRBY     NVDBL2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       -       -       -       -  

Realized gain (loss) on investments

     8,092       4       67,972       (95,786     878       1       (4,235     (3,714

Change in unrealized gain (loss) on investments

     1,979       37       1,223,468       1,181,688       (3,731     29       36,421       53,998  

Reinvested capital gains

     15,310       -       131,298       706,577       635       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     25,381       41       1,422,738       1,792,479       (2,218     30       32,186       50,284  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     3,373,113       15,049       1,394,971       1,877,497       553,913       6,007       (2,078     1,649  

Transfers between funds

     104,666       -       (107,991     (148,904     9,245       -       (13,413     (2,394

Surrenders (notes 2, 3, 4, 5 and 6)

     (300,774     (704     (1,734,650     (1,347,169     (29,756     (260     (116,536     (40,422

Adjustments to maintain reserves

     (51     -       (260     (37     1       -       (64     (824
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     3,176,954       14,345       (447,930     381,387       533,403       5,747       (132,091     (41,991
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     3,202,335       14,386       974,808       2,173,866       531,185       5,777       (99,905     8,293  

Contract owners’ equity at beginning of period

     14,386       -       15,440,550       13,266,684       5,777       -       417,348       409,055  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $   3,216,721       14,386       16,415,358       15,440,550       536,962       5,777       317,443       417,348  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     1,309       -       720,121       701,641       536       -       16,934       18,762  

Units purchased

     283,910       1,373       66,495       96,739       47,511       560       127       121  

Units surrendered

     (32,201     (64     (86,450     (78,259     (2,568     (24     (5,112     (1,949
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     253,018       1,309       700,166       720,121       45,479       536       11,949       16,934  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVDBLP     NVDCA2     NVDCAP     NVDMAP  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       -       -       -       -  

Realized gain (loss) on investments

     (189,279     (580,056     (565     (60     (894,060     (701,681     (1,203,137     (2,748,321

Change in unrealized gain (loss) on investments

     1,031,710       1,847,349       660       454       2,435,404       2,779,172       13,397,119       17,771,865  

Reinvested capital gains

     -       -       -       3       -       12,861       -       1,058,544  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     842,431       1,267,293       95       397       1,541,344       2,090,352       12,193,982       16,082,088  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     1,237,435       1,114,686       -       -       1,136,720       1,387,012       8,228,941       9,872,533  

Transfers between funds

     (1,473,014     (337,300     -       -       (1,686,336     (841,145     363,309       (347,397

Surrenders (notes 2, 3, 4, 5 and 6)

     (771,041     (1,969,127     (2,866     (138     (1,571,539     (1,239,500     (6,588,567     (6,315,821

Adjustments to maintain reserves

     (655     (5,170     29       5       (356     (994     (1,688     5,334  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (1,007,275     (1,196,911     (2,837     (133     (2,121,511     (694,627     2,001,995       3,214,649  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (164,844     70,382       (2,742     264       (580,167     1,395,725       14,195,977       19,296,737  

Contract owners’ equity at beginning of period

     10,345,257       10,274,875       2,742       2,478       14,310,895       12,915,170       106,231,537       86,934,800  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $   10,180,413       10,345,257       -       2,742       13,730,728       14,310,895       120,427,514       106,231,537  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     564,709       634,551       87       91       649,805       683,551       4,485,950       4,336,966  

Units purchased

     74,122       72,522       -       -       55,129       73,883       387,341       549,878  

Units surrendered

     (124,021     (142,364     (87     (4     (141,603     (107,629     (309,586     (400,894
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     514,810       564,709       -       87       563,331       649,805       4,563,705       4,485,950  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVDMCP     NVFIII     NVFIY     NVGEII  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       63,248       19,950       1,594       2,534       49,285       14,315  

Realized gain (loss) on investments

     (26,108     (110,199     (9,081     (28,319     2,118       (7     225,033       7,850  

Change in unrealized gain (loss) on investments

     178,068       357,079       (62,134     44,346       (2,261     1,474       31,703       129,800  

Reinvested capital gains

     -       -       -       -       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     151,960       246,880       (7,967     35,977       1,451       4,001       306,021       151,965  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     367,015       338,280       361,614       229,206       53,593       35,048       695,660       328,817  

Transfers between funds

     (6,304     (249,021     1,196,441       8,904       (90,835     46,782       1,579,622       985,183  

Surrenders (notes 2, 3, 4, 5 and 6)

     (210,077     (208,028     (65,223     (66,330     (412     (180     (139,357     (64,544

Adjustments to maintain reserves

     (19     52       2       (3     -       -       (19     (1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     150,615       (118,717     1,492,834       171,777       (37,654     81,650       2,135,906       1,249,455  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     302,575       128,163       1,484,867       207,754       (36,203     85,651       2,441,927       1,401,420  

Contract owners’ equity at beginning of period

     2,380,899       2,252,736       795,729       587,975       85,651       -       2,017,864       616,444  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $   2,683,474       2,380,899       2,280,596       795,729       49,448       85,651       4,459,791       2,017,864  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     141,582       149,298       79,057       61,465       9,410       -       130,620       48,077  

Units purchased

     23,451       22,678       154,297       34,636       6,484       9,431       190,919       90,383  

Units surrendered

     (14,971     (30,394     (8,599     (17,044     (10,535     (21     (71,733     (7,840
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     150,062       141,582       224,755       79,057       5,359       9,410       249,806       130,620  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVGEY     NVIDAP     NVIDCP     NVIDMP  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 4,680       3,064       -       -       -       -       -       -  

Realized gain (loss) on investments

     6,506       2,000       (382,497     (619,604     (6,737     (20,038     (688,537     (947,045

Change in unrealized gain (loss) on investments

     21,759       16,096       6,224,191       7,352,412       159,040       297,257       3,669,116       5,103,722  

Reinvested capital gains

     -       -       -       456,580       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     32,945       21,160       5,841,694       7,189,388       152,303       277,219       2,980,579       4,156,677  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     596,286       27,699       5,360,957       5,717,091       314,838       454,804       2,558,307       2,857,945  

Transfers between funds

     47,004       71,342       (907,579     (122,402     (114,901     216,456       (340,299     546,421  

Surrenders (notes 2, 3, 4, 5 and 6)

     (2,809     (1,150     (2,806,802     (2,523,025     (300,059     (314,085     (2,184,604     (2,138,816

Adjustments to maintain reserves

     195       (210     412       1,216       (119     278       (22,202     1,312  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     640,676       97,681       1,646,988       3,072,880       (100,241     357,453       11,202       1,266,862  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     673,621       118,841       7,488,682       10,262,268       52,062       634,672       2,991,781       5,423,539  

Contract owners’ equity at beginning of period

     169,174       50,333       45,627,494       35,365,226       3,820,105       3,185,433       32,549,368       27,125,829  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $   842,795       169,174       53,116,176       45,627,494       3,872,167       3,820,105       35,541,149       32,549,368  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     16,745       6,031       1,755,928       1,626,621       273,020       246,240       1,616,200       1,548,307  

Units purchased

     56,935       10,907       212,448       287,096       24,104       52,513       130,502       214,057  

Units surrendered

     (1,880     (193     (156,337     (157,789     (31,125     (25,733     (130,263     (146,164
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     71,800       16,745       1,812,039       1,755,928       265,999       273,020       1,616,439       1,616,200  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVIE6     NVIX     NVLCP1     NVLCPY  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 1,475       2,146       499,081       280,877       771,784       666,614       -       -  

Realized gain (loss) on investments

     5,821       833       293,758       (22,823     (295,486     (355,002     (218     -  

Change in unrealized gain (loss) on investments

     154       12,900       (439,058     1,418,281       (94,347     952,684       -       -  

Reinvested capital gains

     -       -       -       -       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     7,450       15,879       353,781       1,676,335       381,951       1,264,296       (218     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     -       -       1,606,462       856,192       4,018,807       1,921,230       3,390       -  

Transfers between funds

     -       (253     350,889       1,066,568       656,448       88,994       (3,104     20  

Surrenders (notes 2, 3, 4, 5 and 6)

     (29,148     (10,193     (692,076     (471,177     (1,193,467     (1,107,323     (68     (20

Adjustments to maintain reserves

     2       (2     (35     63       (631     1,130       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (29,146     (10,448     1,265,240       1,451,646       3,481,157       904,031       218       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (21,696     5,431       1,619,021       3,127,981       3,863,108       2,168,327       -       -  

Contract owners’ equity at beginning of period

     84,774       79,343       12,326,105       9,198,124       18,892,143       16,723,816       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $    63,078       84,774       13,945,126       12,326,105       22,755,251       18,892,143       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     5,507       6,261       851,500       747,105       1,083,539       1,030,121       -       -  

Units purchased

     -       -       243,222       170,795       331,317       227,697       3,352       2  

Units surrendered

     (1,815     (754     (160,427     (66,400     (135,556     (174,279     (3,352     (2
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     3,692       5,507       934,295       851,500       1,279,300       1,083,539       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVMIG1     NVMIVX     NVMLG1     NVMM2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 9,571       53,893       283,961       109,830       113,714       344,405       22,711       14,876  

Realized gain (loss) on investments

     (139,449     (73,052     36,128       37,195       (118,900     (325,135     -       -  

Change in unrealized gain (loss) on investments

     105,044       429,379       (126,442     442,954       1,858,869       1,615,113       -       -  

Reinvested capital gains

     -       -       -       -       1,092,212       332,622       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (24,834     410,220       193,647       589,979       2,945,895       1,967,005       22,711       14,876  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     121,142       181,872       132,218       184,941       611,000       276,689       31,675       25,616  

Transfers between funds

     (47,947     (42,066     98,556       (29,032     6,127,143       695,430       285,545       19,226  

Surrenders (notes 2, 3, 4, 5 and 6)

     (312,564     (147,171     (195,871     (182,638     (812,901     (331,021     (45,110     (54,049

Adjustments to maintain reserves

     (79     (156     (90     (221     (172     172       (60     144  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (239,448     (7,521     34,813       (26,950     5,925,070       641,270       272,050       (9,063
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (264,282     402,699       228,460       563,029       8,870,965       2,608,275       294,761       5,813  

Contract owners’ equity at beginning of period

     3,019,620       2,616,921       4,330,887       3,767,858       8,173,815       5,565,540       348,479       342,666  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  2,755,338       3,019,620       4,559,347       4,330,887       17,044,780       8,173,815       643,240       348,479  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     210,882       211,396       305,286       307,222       135,248       124,649       32,979       33,884  

Units purchased

     13,103       19,956       18,372       21,007       107,692       24,796       37,139       4,957  

Units surrendered

     (28,929     (20,470     (15,929     (22,943     (19,216     (14,197     (11,933     (5,862
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     195,056       210,882       307,729       305,286       223,724       135,248       58,185       32,979  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVMMG1     NVMMG2     NVMMV1     NVMMV2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       120,322       135,782       5,836       7,850  

Realized gain (loss) on investments

     (437,902     (437,527     2       (110     (53,680     (192,133     (5,221     (5,383

Change in unrealized gain (loss) on investments

     1,537,064       1,491,742       -       168       498,460       (454,403     35,122       (35,545

Reinvested capital gains

     -       -       -       -       180,163       1,229,519       10,087       76,105  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     1,099,162       1,054,215       2       58       745,265       718,765       45,824       43,027  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     332,685       359,422       -       -       2,306,226       1,904,930       24,701       25,454  

Transfers between funds

     (215,395     (160,616     -       (393     (215,095     (716,301     (3,661     (977

Surrenders (notes 2, 3, 4, 5 and 6)

     (385,673     (310,972     (2     (180     (822,377     (843,137     (32,672     (34,066

Adjustments to maintain reserves

     (108     (220     -       (2     1,712       158       (2     (42
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (268,491     (112,386     (2     (575     1,270,466       345,650       (11,634     (9,631
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     830,671       941,829       -       (517     2,015,731       1,064,415       34,190       33,396  

Contract owners’ equity at beginning of period

     6,105,291       5,163,462       -       517       8,812,167       7,747,752       541,358       507,962  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  6,935,962       6,105,291       -       -       10,827,898       8,812,167       575,548       541,358  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     189,381       193,124       -       93       285,009       272,677       15,693       15,996  

Units purchased

     11,367       16,258       -       -       78,951       75,202       771       901  

Units surrendered

     (19,190     (20,001     -       (93     (41,314     (62,870     (1,085     (1,204
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     181,558       189,381       -       -       322,646       285,009       15,379       15,693  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVNMO1     NVNSR2     NVOLG1     NVRE1  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 5,491       4,953       3,101       5,217       398,983       392,074       400,641       363,957  

Realized gain (loss) on investments

     1,558       (67     (31,009     (10,621     658,080       (186,658     513,061       66,355  

Change in unrealized gain (loss) on investments

     (199,220     125,958       (52,296     130,222       5,410,667       5,424,723       899,296       1,148,596  

Reinvested capital gains

     426,837       70,150       229,462       200,801       -       -       -       351,619  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     234,666       200,994       149,258       325,619       6,467,730       5,630,139       1,812,998       1,930,527  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     27,392       22,737       67,975       92,246       3,115,074       3,328,274       979,160       1,117,196  

Transfers between funds

     68,678       (36,798     (143,997     9,050       (2,188,796     (574,869     (1,267,566     343,665  

Surrenders (notes 2, 3, 4, 5 and 6)

     (59,656     (31,814     (184,585     (111,991     (2,269,588     (1,738,154     (1,288,046     (1,214,196

Adjustments to maintain reserves

     (33     149       (31     (28     (682     (2,650     (722     (705
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     36,381       (45,726     (260,638     (10,723     (1,343,992     1,012,601       (1,577,174     245,960  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     271,047       155,268       (111,380     314,896       5,123,738       6,642,740       235,824       2,176,487  

Contract owners’ equity at beginning of period

     1,052,235       896,967       1,900,871       1,585,975       29,628,172       22,985,432       16,756,907       14,580,420  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,323,282       1,052,235       1,789,491       1,900,871       34,751,910       29,628,172       16,992,731       16,756,907  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     28,789       30,282       55,918       56,303       429,207       412,492       698,928       686,451  

Units purchased

     2,739       1,075       4,258       3,593       53,173       78,350       88,984       107,972  

Units surrendered

     (1,724     (2,568     (11,646     (3,978     (72,416     (61,635     (147,791     (95,495
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     29,804       28,789       48,530       55,918       409,964       429,207       640,121       698,928  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVSIX2     NVSIXD     NVSTB1     NVSTB2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 217,794       205,095       9,467       4,753       252,599       178,642       1,817       1,498  

Realized gain (loss) on investments

     150,030       16,337       18,974       9       (35,319     (91,335     (27     (146

Change in unrealized gain (loss) on investments

     1,641,493       2,394,792       38,096       32,836       65,495       192,367       396       949  

Reinvested capital gains

     242,406       104,924       7,448       1,265       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     2,251,723       2,721,148       73,985       38,863       282,775       279,674       2,186       2,301  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     2,897,953       2,077,352       172,369       103,561       1,243,523       865,264       597       594  

Transfers between funds

     1,070,345       828,710       171,505       222,021       (146,453     (333,383     737       1,321  

Surrenders (notes 2, 3, 4, 5 and 6)

     (1,199,427     (985,566     (4,452     (13,265     (230,872     (346,456     (1,263     (1,990

Adjustments to maintain reserves

     (355     349       (7     -       (203     330       51       1,001  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     2,768,516       1,920,845       339,415       312,317       865,995       185,755       122       926  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     5,020,239       4,641,993       413,400       351,180       1,148,770       465,429       2,308       3,227  

Contract owners’ equity at beginning of period

     19,624,816       14,982,823       371,172       19,992       5,225,745       4,760,316       43,606       40,379  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  24,645,055       19,624,816       784,572       371,172       6,374,515       5,225,745       45,914       43,606  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     809,875       719,394       22,068       1,387       446,823       431,255       3,415       3,342  

Units purchased

     230,785       181,390       27,038       22,159       143,757       135,046       207       185  

Units surrendered

     (123,334     (90,909     (7,215     (1,478     (73,200     (119,478     (200     (112
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     917,326       809,875       41,891       22,068       517,380       446,823       3,422       3,415  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NVTIV3     SAM     SAM5     SAMY  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 34,141       13,218       654,853       63,483       2,215,328       1,648,788       145,265       113,132  

Realized gain (loss) on investments

     3,911       1,341       -       -       -       -       -       -  

Change in unrealized gain (loss) on investments

     (13,883     64,137       -       -       -       -       -       -  

Reinvested capital gains

     -       -       -       -       -       4       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     24,169       78,696       654,853       63,483       2,215,328       1,648,792       145,265       113,132  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     -       -       30,538,011       529,081       20,576,078       18,706,963       11,416,591       7,262,983  

Transfers between funds

     (936     (640     (2,584,024     (19,665     (6,444,609     (6,715,238     (5,712,695     (5,427,704

Surrenders (notes 2, 3, 4, 5 and 6)

     (32,245     (34,750     (1,000,055     (105,620     (10,002,980     (6,020,876     (390,823     (168,720

Adjustments to maintain reserves

     1       (7     (61     210       (112,445     663       157       (165
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (33,180     (35,397     26,953,871       404,006       4,016,044       5,971,512       5,313,230       1,666,394  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (9,011     43,299       27,608,724       467,489       6,231,372       7,620,304       5,458,495       1,779,526  

Contract owners’ equity at beginning of period

     567,019       523,720       1,683,747       1,216,258       38,246,401       30,626,097       2,596,089       816,563  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  558,008       567,019       29,292,471       1,683,747       44,477,773       38,246,401       8,054,584       2,596,089  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     24,826       26,498       133,027       100,654       3,460,168       2,903,724       244,052       80,527  

Units purchased

     -       -       2,350,345       73,532       4,003,557       2,907,544       1,075,064       707,847  

Units surrendered

     (1,391     (1,672     (276,825     (41,159     (3,629,071     (2,351,100     (598,259     (544,322
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     23,435       24,826       2,206,547       133,027       3,834,654       3,460,168       720,857       244,052  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     SCF     SCGF     SCVF     TRF  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 4,065       14,797       -       -       35,721       19,241       110,019       124,435  

Realized gain (loss) on investments

     71,111       (76,427     (403,244     (667,784     (66,532     (291,526     93,162       70,303  

Change in unrealized gain (loss) on investments

     243,623       433,266       2,473,368       2,118,593       288,446       815,915       695,436       (370,480

Reinvested capital gains

     98,146       17,224       -       -       43,793       210,253       376,691       897,332  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     416,945       388,860       2,070,124       1,450,809       301,428       753,883       1,275,308       721,590  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     103,889       115,738       1,838,052       1,886,131       226,841       178,136       99,160       77,236  

Transfers between funds

     183,247       55,387       1,733,015       (102,198     (255,569     12,852       (120,598     152,511  

Surrenders (notes 2, 3, 4, 5 and 6)

     (179,085     (339,506     (928,182     (828,873     (281,214     (273,044     (294,703     (315,020

Adjustments to maintain reserves

     (96     (396     441       (624     (38     (502     (73     (95
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     107,955       (168,777     2,643,326       954,436       (309,980     (82,558     (316,214     (85,368
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     524,900       220,083       4,713,450       2,405,245       (8,552     671,325       959,094       636,222  

Contract owners’ equity at beginning of period

     3,106,291       2,886,208       10,031,601       7,626,356       4,922,516       4,251,191       9,438,982       8,802,760  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  3,631,191       3,106,291       14,745,051       10,031,601       4,913,964       4,922,516       10,398,076       9,438,982  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     65,215       69,070       254,322       227,113       123,751       125,523       214,407       216,501  

Units purchased

     11,387       9,306       101,126       78,569       8,574       13,391       3,119       7,239  

Units surrendered

     (9,188     (13,161     (47,043     (51,360     (16,364     (15,163     (9,712     (9,333
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     67,414       65,215       308,405       254,322       115,961       123,751       207,814       214,407  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     AMMCGS     AMSRS     AMTB     NASCV  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       435       526       30,139       22,176       -       -  

Realized gain (loss) on investments

     293       (42     13,942       1,590       (1,581     (12,477     67       -  

Change in unrealized gain (loss) on investments

     11,286       10,794       19,441       31,528       2,480       20,604       144       -  

Reinvested capital gains

     5,343       -       9,371       2,481       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     16,922       10,752       43,189       36,125       31,038       30,303       211       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     2,199       2,126       5,545       6,322       34,780       39,064       1,155       -  

Transfers between funds

     -       -       (6,919     (765     (8,404     961       21,605       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (1,518     (1,439     (27,076     (5,436     (15,920     (130,253     (13     -  

Adjustments to maintain reserves

     -       5       (1     (15     (32     (57     1       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     681       692       (28,451     106       10,424       (90,285     22,748       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     17,603       11,444       14,738       36,231       41,462       (59,982     22,959       -  

Contract owners’ equity at beginning of period

     70,880       59,436       169,476       133,245       505,452       565,434       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  88,483       70,880       184,214       169,476       546,914       505,452       22,959       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     3,477       3,439       3,340       3,332       37,070       43,916       -       -  

Units purchased

     103       123       100       147       2,986       3,753       2,351       -  

Units surrendered

     (73     (85     (555     (139     (2,250     (10,599     (75     -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     3,507       3,477       2,885       3,340       37,806       37,070       2,276       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NOTAG1     NOTAG2     NOTB3     NOTBE2  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 252       -       28,819       -       58,684       3,736       12,660       -  

Realized gain (loss) on investments

     4       1       14,436       -       (484,968     (291,341     1,024       1  

Change in unrealized gain (loss) on investments

     865       -       (26,641     (8     555,899       472,429       (8,399     26  

Reinvested capital gains

     150       -       19,962       -       -       10,248       2,905       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     1,271       1       36,576       (8     129,615       195,072       8,190       27  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     25,740       15       2,982,788       15,407       201,696       213,159       668,433       6,017  

Transfers between funds

     1,144       20       719,746       -       46,977       5,908       161,186       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     (96     (37     (331,667     (502     (345,718     (231,868     (36,881     (260

Adjustments to maintain reserves

     -       1       (51     -       (11     22       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     26,788       (1     3,370,816       14,905       (97,056     (12,779     792,738       5,757  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     28,059       -       3,407,392       14,897       32,559       182,293       800,928       5,784  

Contract owners’ equity at beginning of period

     -       -       14,897       -       2,340,957       2,158,664       5,784       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  28,059       -       3,422,289       14,897       2,373,516       2,340,957       806,712       5,784  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     -       -       1,352       -       166,339       167,449       541       -  

Units purchased

     2,252       2       302,798       1,398       17,564       16,694       73,297       565  

Units surrendered

     (8     (2     (26,825     (46     (24,732     (17,804     (3,227     (24
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     2,244       -       277,325       1,352       159,171       166,339       70,611       541  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NOTC1     NOTC2     NOTG3     NOTGR1  
     2024      2023     2024     2023     2024     2023     2024      2023  

Investment activity*:

                  

Net investment income (loss)

   $ -        -       1,984       -       101,127       15,374       302        -  

Realized gain (loss) on investments

     -        -       246       1       (400,938     (312,052     -        1  

Change in unrealized gain (loss) on investments

     -        -       (771     23       624,756       714,831       865        -  

Reinvested capital gains

     -        -       596       -       -       6,164       38        -  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     -        -       2,055       24       324,945       424,317       1,205        1  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Equity transactions:

                  

Purchase payments received from policyholders (notes 2 and 6)

     -        -       99,038       6,005       380,829       437,266       15,312        15  

Transfers between funds

     -        20       2,357       -       6,927       (12,074     19,351        20  

Surrenders (notes 2, 3, 4, 5 and 6)

     -        (21     (15,841     (259     (468,633     (457,371     -        (37

Adjustments to maintain reserves

     -        1       -       -       60       228       -        1  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Net equity transactions

     -        -       85,554       5,746       (80,817     (31,951     34,663        (1
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Net change in contract owners’ equity

     -        -       87,609       5,770       244,128       392,366       35,868        -  

Contract owners’ equity at beginning of period

     -        -       5,770       -       4,257,794       3,865,428       -        -  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Contract owners’ equity at end of period

   $   -        -       93,379       5,770       4,501,922       4,257,794       35,868        -  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

CHANGE IN UNITS:

                  

Beginning units

     -        -       548       -       284,151       286,348       -        -  

Units purchased

     -        2       9,264       573       26,673       32,914       2,928        2  

Units surrendered

     -        (2     (1,439     (25     (31,672     (35,111     -        (2
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Ending units

     -        -       8,373       548       279,152       284,151       2,928        -  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NOTGR2     NOTMD1     NOTMD2     NOTMG3  
     2024     2023     2024      2023     2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ 16,067       -       109        -       5,496       -       80,645       10,514  

Realized gain (loss) on investments

     42,604       -       -        1       13,799       1       (1,338,837     (703,245

Change in unrealized gain (loss) on investments

     (35,050     7       147        -       (3,155     29       1,492,755       981,809  

Reinvested capital gains

     2,294       -       75        -       4,214       -       -       9,056  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     25,915       7       331        1       20,354       30       234,563       298,134  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     1,128,548       447       5,338        -       544,090       6,025       264,146       288,023  

Transfers between funds

     517,190       -       -        20       (148,793     -       26,016       (6,409

Surrenders (notes 2, 3, 4, 5 and 6)

     (116,060     (135     -        (21     (45,875     (261     (504,651     (227,254

Adjustments to maintain reserves

     -       -       -        -       1       -       (3     1  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     1,529,678       312       5,338        (1     349,423       5,764       (214,492     54,361  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     1,555,593       319       5,669        -       369,777       5,794       20,071       352,495  

Contract owners’ equity at beginning of period

     319       -       -        -       5,794       -       3,278,828       2,926,333  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,555,912       319       5,669        -       375,571       5,794       3,298,899       3,278,828  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     29       -       -        -       537       -       219,783       216,217  

Units purchased

     138,172       42       478        2       50,447       561       18,259       20,502  

Units surrendered

     (9,722     (13     -        (2     (19,006     (24     (32,493     (16,936
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     128,479       29       478        -       31,978       537       205,549       219,783  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     NOTMR1     MNCPS2      PMVAAA     PMVEBA  
     2024      2023     2024     2023      2024     2023     2024     2023  

Investment activity*:

                  

Net investment income (loss)

   $ -        -       795       -        46,193       19,258       29       -  

Realized gain (loss) on investments

     -        -       (13     -        (10,230     (26,900     -       -  

Change in unrealized gain (loss) on investments

     -        -       2,295       -        (10,902     57,648       1       -  

Reinvested capital gains

     -        -       890       -        -       -       -       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     -        -       3,967       -        25,061       50,006       30       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                  

Purchase payments received from policyholders (notes 2 and 6)

     -        -       1,044       -        63,816       68,562       818       -  

Transfers between funds

     -        20       52,510       -        9,733       247       7       -  

Surrenders (notes 2, 3, 4, 5 and 6)

     -        (21     (43     -        (21,631     (78,825     (1     -  

Adjustments to maintain reserves

     -        1       (1     -        (2     22       (1     -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     -        -       53,510       -        51,916       (9,994     823       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     -        -       57,477       -        76,977       40,012       853       -  

Contract owners’ equity at beginning of period

     -        -       -       -        658,859       618,847       -       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $ -        -       57,477       -        735,836       658,859       853       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                  

Beginning units

     -        -       -       -        41,260       41,909       -       -  

Units purchased

     -        2       5,757       -        6,173       6,302       86       -  

Units surrendered

     -        (2     (5     -        (3,016     (6,951     -       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     -        -       5,752       -        44,417       41,260       86       -  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     PMVFBA     PMVHYA      PMVID     PMVLDA  
     2024     2023     2024     2023      2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ 25,896       18,998       2       -        10,506       1,773       202,544       176,703  

Realized gain (loss) on investments

     (20,966     (52,349     -       -        135       (4     (15,917     (45,766

Change in unrealized gain (loss) on investments

     (32,307     80,968       -       1        (8,009     874       37,622       106,467  

Reinvested capital gains

     -       -       -       -        -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     (27,377     47,617       2       1        2,632       2,643       224,249       237,404  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     48,766       58,675       14       -        338,253       3,963       229,640       276,480  

Transfers between funds

     52,036       (36,355     3       14        44,014       40,819       113,356       (253,775

Surrenders (notes 2, 3, 4, 5 and 6)

     (78,997     (39,466     -       -        (942     (130     (201,275     (325,867

Adjustments to maintain reserves

     (70     (267     -       -        133       (137     (440     (767
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     21,735       (17,413     17       14        381,458       44,515       141,281       (303,929
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (5,642     30,204       19       15        384,090       47,158       365,530       (66,525

Contract owners’ equity at beginning of period

     783,946       753,742       15       -        47,158       -       4,855,585       4,922,110  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  778,304       783,946       34       15        431,248       47,158       5,221,115       4,855,585  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     63,192       64,536       2       -        4,722       -       356,503       379,381  

Units purchased

     9,630       13,128       2       2        36,721       4,738       39,167       36,222  

Units surrendered

     (7,874     (14,472     (1     -        (480     (16     (28,831     (59,100
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     64,948       63,192       3       2        40,963       4,722       366,839       356,503  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     PMVRRA     PMVRSA     PMVTRA     PVGCBA  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 1,722       1,203       138,483       963,656       5,937       2,896       281       71  

Realized gain (loss) on investments

     74       (73     77,572       (49,805     (242     (96     -       -  

Change in unrealized gain (loss) on investments

     (938     619       43,606       (1,392,319     (2,110     1,464       (7     145  

Reinvested capital gains

     -       -       -       -       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     858       1,749       259,661       (478,468     3,585       4,264       274       216  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     27,612       27,840       718,744       870,109       16,564       44,377       4,021       4,039  

Transfers between funds

     2,543       (1,564     325,828       (328,868     56,012       33,128       -       994  

Surrenders (notes 2, 3, 4, 5 and 6)

     (213     (103     (421,438     (464,315     (1,444     (480     -       (4

Adjustments to maintain reserves

     -       3       1,153       322       7       (4,562     (1     (1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     29,942       26,176       624,287       77,248       71,139       72,463       4,020       5,028  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     30,800       27,925       883,948       (401,220     74,724       76,727       4,294       5,244  

Contract owners’ equity at beginning of period

     55,579       27,654       5,629,739       6,030,959       114,585       37,858       5,244       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  86,379       55,579       6,513,687       5,629,739       189,309       114,585       9,538       5,244  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     6,061       3,127       669,858       661,238       8,908       3,118       552       -  

Units purchased

     3,635       3,237       194,128       198,850       5,557       5,846       418       553  

Units surrendered

     (473     (303     (119,902     (190,230     (111     (56     -       (1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     9,223       6,061       744,084       669,858       14,354       8,908       970       552  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     PVSTA     PVEIIA     PVIVIA     PVNOB  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 33,178       18,620       108,994       112,063       25,567       11,063       436       -  

Realized gain (loss) on investments

     7,541       333       171,745       20,522       11,596       (649     3,763       12  

Change in unrealized gain (loss) on investments

     (1,239     4,388       757,433       473,892       11,367       100,989       46,660       1,301  

Reinvested capital gains

     -       -       374,248       282,370       2,779       -       1,414       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     39,480       23,341       1,412,420       888,847       51,309       111,403       52,273       1,313  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     317,820       402,474       3,552,979       2,518,402       338,654       230,868       194,422       6,777  

Transfers between funds

     (206,833     285,725       166,441       (81,208     (12,078     20,344       575,993       9,713  

Surrenders (notes 2, 3, 4, 5 and 6)

     (16,639     (14,267     (882,415     (557,796     (88,439     (46,101     (29,869     (630

Adjustments to maintain reserves

     (17     23       2,686       (577     (2     2       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     94,331       673,955       2,839,691       1,878,821       238,135       205,113       740,546       15,860  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     133,811       697,296       4,252,111       2,767,668       289,444       316,516       792,819       17,173  

Contract owners’ equity at beginning of period

     778,808       81,512       7,231,406       4,463,738       811,034       494,518       17,173       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  912,619       778,808       11,483,517       7,231,406       1,100,478       811,034       809,992       17,173  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     73,677       8,167       358,685       256,657       57,039       41,414       1,473       -  

Units purchased

     73,103       81,506       174,070       145,989       26,985       23,445       59,412       1,538  

Units surrendered

     (65,372     (15,996     (55,947     (43,961     (10,620     (7,820     (4,422     (65
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     81,408       73,677       476,808       358,685       73,404       57,039       56,463       1,473  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     ROCMC     TRBCG2      TREI2     TRHS2  
     2024     2023     2024     2023      2024     2023     2024     2023  

Investment activity*:

                 

Net investment income (loss)

   $ -       -       -       -        24       16       -       -  

Realized gain (loss) on investments

     44       9       463       -        60       4       56,812       19,801  

Change in unrealized gain (loss) on investments

     (951     168       2,624       282        (29     29       (133,331     (29,542

Reinvested capital gains

     1,643       -       784       -        100       50       99,215       41,854  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     736       177       3,871       282        155       99       22,696       32,113  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                 

Purchase payments received from policyholders (notes 2 and 6)

     188       -       3,096       -        200       -       11,759       12,271  

Transfers between funds

     27,644       888       12,775       5,002        (1,566     1,114       14,598       144,178  

Surrenders (notes 2, 3, 4, 5 and 6)

     (71     (1     (22     -        (1     (1     (144,158     (72,612

Adjustments to maintain reserves

     -       -       -       -        -       -       144       (122
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     27,761       887       15,849       5,002        (1,367     1,113       (117,657     83,715  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     28,497       1,064       19,720       5,284        (1,212     1,212       (94,961     115,828  

Contract owners’ equity at beginning of period

     1,064       -       5,284       -        1,212       -       1,149,696       1,033,868  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  29,561       1,064       25,004       5,284        -       1,212       1,054,735       1,149,696  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                 

Beginning units

     122       -       77       -        33       -       17,451       16,114  

Units purchased

     4,076       152       233       77        5       35       1,077       2,743  

Units surrendered

     (1,221     (30     (41     -        (38     (2     (2,742     (1,406
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     2,977       122       269       77        -       33       15,786       17,451  
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     TRHSP     TRMCG2     VWEM     VWHA  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ -       -       -       -       78       135       91,151       110,350  

Realized gain (loss) on investments

     2,393,724       395,765       12,493       (33     (10     (4     343,176       385,087  

Change in unrealized gain (loss) on investments

     (5,424,442     (617,898     (43,061     4,995       (52     156       (535,582     (643,720

Reinvested capital gains

     3,936,364       1,682,714       53,971       12,487       -       -       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     905,646       1,460,581       23,403       17,449       16       287       (101,255     (148,283
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     7,308,876       8,197,506       317,320       63,581       489       1,251       456,398       509,939  

Transfers between funds

     (7,707,815     (1,238,878     80,221       129,830       120       48       (203,559     (565,416

Surrenders (notes 2, 3, 4, 5 and 6)

     (3,718,489     (3,410,912     (34,642     (17,954     (89     (8     (444,654     (436,310

Adjustments to maintain reserves

     1,554       (446     (27     1       -       (3     (63     218  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (4,115,874     3,547,270       362,872       175,458       520       1,288       (191,878     (491,569
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (3,210,228     5,007,851       386,275       192,907       536       1,575       (293,133     (639,852

Contract owners’ equity at beginning of period

     48,138,655       43,130,804       192,907       -       3,970       2,395       3,833,917       4,473,769  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  44,928,427       48,138,655       579,182       192,907       4,506       3,970       3,540,784       3,833,917  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     994,082       917,039       17,147       -       522       346       390,909       439,798  

Units purchased

     176,329       199,682       48,571       19,819       77       179       100,908       92,047  

Units surrendered

     (257,731     (122,639     (18,502     (2,672     (13     (3     (120,276     (140,936
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     912,680       994,082       47,216       17,147       586       522       371,541       390,909  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     VVB     VVCG     VVDV     VVEI  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 388       257       5,069       978       1,489       411       7,837       3,459  

Realized gain (loss) on investments

     22,244       (282     41,036       1,304       532       367       (990     (176

Change in unrealized gain (loss) on investments

     (8,765     25,787       2,576       46,677       7,012       7,245       16,291       10,090  

Reinvested capital gains

     840       498       9,266       4,711       5,381       1,563       16,522       6,763  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     14,707       26,260       57,947       53,670       14,414       9,586       39,660       20,136  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     16,795       668,334       51,030       82,808       28,964       52,197       77,688       19,563  

Transfers between funds

     (400,171     (9,080     21,710       227,007       11,540       3,348       50,976       190,955  

Surrenders (notes 2, 3, 4, 5 and 6)

     (1,581     (504     (1,880     (5,029     (112     (105     (3,015     (564

Adjustments to maintain reserves

     1       1       (1     (6     -       (4     99       (108
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     (384,956     658,751       70,859       304,780       40,392       55,436       125,748       209,846  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     (370,249     685,011       128,806       358,450       54,806       65,022       165,408       229,982  

Contract owners’ equity at beginning of period

     685,011       -       428,866       70,416       77,253       12,231       241,332       11,350  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  314,762       685,011       557,672       428,866       132,059       77,253       406,740       241,332  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     68,908       -       40,369       8,483       7,282       1,385       22,030       1,120  

Units purchased

     26,219       69,998       21,377       33,116       3,860       6,953       11,425       21,027  

Units surrendered

     (67,546     (1,090     (15,460     (1,230     (306     (1,056     (1,203     (117
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     27,581       68,908       46,286       40,369       10,836       7,282       32,252       22,030  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     VVEIX     VVG     VVGBI     VVHGB  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 6,069       1,373       654       155       166       42       26,842       7,757  

Realized gain (loss) on investments

     13,212       667       32,024       791       107       13       1,378       636  

Change in unrealized gain (loss) on investments

     106,239       36,924       45,668       26,836       (195     207       (15,062     28,448  

Reinvested capital gains

     17,350       3,040       -       -       6       4       -       -  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     142,870       42,004       78,346       27,782       84       266       13,158       36,841  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     148,615       106,270       81,495       21,923       2,077       4,137       35,881       549,605  

Transfers between funds

     472,257       109,377       202,453       96,627       492       (1,010     77,227       68,516  

Surrenders (notes 2, 3, 4, 5 and 6)

     (5,483     (1,104     (2,733     (4,872     (29     (8     (3,285     (1,027

Adjustments to maintain reserves

     205       (228     1       (1     1       2       -       5  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     615,594       214,315       281,216       113,677       2,541       3,121       109,823       617,099  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     758,464       256,319       359,562       141,459       2,625       3,387       122,981       653,940  

Contract owners’ equity at beginning of period

     319,349       63,030       180,121       38,662       4,845       1,458       952,198       298,258  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  1,077,813       319,349       539,683       180,121       7,470       4,845       1,075,179       952,198  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     30,456       7,581       20,040       6,028       527       169       104,686       34,620  

Units purchased

     56,618       23,444       35,931       14,882       634       489       13,504       71,951  

Units surrendered

     (4,736     (569     (10,870     (870     (364     (131     (1,434     (1,885
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     82,338       30,456       45,101       20,040       797       527       116,756       104,686  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     VVHYB     VVI     VVMA     VVMCI  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 2,352       867       4,426       1,216       11,475       -       4,707       2,647  

Realized gain (loss) on investments

     19       11       1,352       3,819       23,521       6,969       8,167       63  

Change in unrealized gain (loss) on investments

     563       2,160       5,992       2,161       3,302       5,708       37,021       28,052  

Reinvested capital gains

     -       -       11,717       2,622       9,331       -       3,923       3,322  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     2,934       3,038       23,487       9,818       47,629       12,677       53,818       34,084  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     4,528       4,141       94,168       8,389       1,205,341       383,329       120,818       92,671  

Transfers between funds

     11,341       16,873       165,727       332,312       (440,790     (144,533     8,093       125,142  

Surrenders (notes 2, 3, 4, 5 and 6)

     (169     (120     (1,989     (508     (2,314     (211     (3,579     (878

Adjustments to maintain reserves

     1       -       (1     2       -       -       66       (66
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     15,701       20,894       257,905       340,195       762,237       238,585       125,398       216,869  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     18,635       23,932       281,392       350,013       809,866       251,262       179,216       250,953  

Contract owners’ equity at beginning of period

     38,807       14,875       378,220       28,207       251,262       -       331,382       80,429  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  57,442       38,807       659,612       378,220       1,061,128       251,262       510,598       331,382  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     3,820       1,635       50,430       4,312       26,040       -       35,457       9,968  

Units purchased

     1,524       2,207       51,657       49,581       116,114       41,006       17,404       25,941  

Units surrendered

     (32     (22     (21,409     (3,463     (42,471     (14,966     (5,385     (452
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     5,312       3,820       80,678       50,430       99,683       26,040       47,476       35,457  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     VVREI     VVSTC     VVTISI     VVTSM  
     2024     2023     2024     2023     2024     2023     2024     2023  

Investment activity*:

                

Net investment income (loss)

   $ 9,203       4,632       5,742       508       24,513       16,361       24,298       8,165  

Realized gain (loss) on investments

     2,465       (540     1,063       2,165       3,183       8,672       30,509       8,463  

Change in unrealized gain (loss) on investments

     (3,553     14,652       1,070       3,129       (460     54,818       260,373       153,289  

Reinvested capital gains

     7,764       8,739       -       -       4,161       6,851       133,209       39,795  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     15,879       27,483       7,875       5,802       31,397       86,702       448,389       209,712  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

                

Purchase payments received from policyholders (notes 2 and 6)

     59,113       55,979       7,284       70,990       100,205       112,207       350,079       565,872  

Transfers between funds

     55,388       23,619       (6,875     89,484       171,145       129,244       433,879       304,649  

Surrenders (notes 2, 3, 4, 5 and 6)

     (1,161     (8,787     (4,987     (1,886     (5,108     (6,183     (15,012     (6,551

Adjustments to maintain reserves

     -       3       -       (3     -       (2     -       (6
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     113,340       70,814       (4,578     158,585       266,242       235,266       768,946       863,964  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     129,219       98,297       3,297       164,387       297,639       321,968       1,217,335       1,073,676  

Contract owners’ equity at beginning of period

     240,852       142,555       181,451       17,064       756,044       434,076       1,606,902       533,226  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  370,071       240,852       184,748       181,451       1,053,683       756,044       2,824,237       1,606,902  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

                

Beginning units

     27,525       18,197       18,231       1,820       79,261       52,580       158,640       66,303  

Units purchased

     16,204       14,169       2,760       23,952       25,925       39,903       85,843       102,509  

Units surrendered

     (3,352     (4,841     (3,295     (7,541     (38     (13,222     (19,107     (10,172
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     40,377       27,525       17,696       18,231       105,148       79,261       225,376       158,640  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023

 

     VRVDRA     VRVDRI  
     2024     2023     2024     2023  

Investment activity*:

        

Net investment income (loss)

   $ 1,018       72       47,459       39,379  

Realized gain (loss) on investments

     566       (321     (35,560     (27,315

Change in unrealized gain (loss) on investments

     1,996       80       226,754       141,326  

Reinvested capital gains

     668       28       22,565       16,392  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in contract owners’ equity resulting from operations

     4,248       (141     261,218       169,782  
  

 

 

   

 

 

   

 

 

   

 

 

 

Equity transactions:

        

Purchase payments received from policyholders (notes 2 and 6)

     4,775       4,638       597,429       278,789  

Transfers between funds

     74,921       (1,653     (30,754     (42,512

Surrenders (notes 2, 3, 4, 5 and 6)

     (122     -       (478,248     (93,061

Adjustments to maintain reserves

     1       (2     (265     1  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net equity transactions

     79,575       2,983       88,162       143,217  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net change in contract owners’ equity

     83,823       2,842       349,380       312,999  

Contract owners’ equity at beginning of period

     2,842       -       1,697,702       1,384,703  
  

 

 

   

 

 

   

 

 

   

 

 

 

Contract owners’ equity at end of period

   $  86,665       2,842       2,047,082       1,697,702  
  

 

 

   

 

 

   

 

 

   

 

 

 

CHANGE IN UNITS:

        

Beginning units

     326       -       130,252       118,256  

Units purchased

     8,945       651       54,424       33,671  

Units surrendered

     (322     (325     (43,379     (21,675
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending units

     8,949       326       141,297       130,252  
  

 

 

   

 

 

   

 

 

   

 

 

 

* 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, 2024, if applicable.

 

See accompanying notes to financial statements.


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide VL Separate Account-G (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life and Annuity Insurance Company (the Company) on December 10, 2003. 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 ten individual flexible premium variable life insurance policies through the Separate Account: Nationwide® Options Select, Nationwide MarathonSM VUL, Nationwide YourLife® Protection VUL, Nationwide YourLife® Accumulation VUL, Nationwide MarathonSM Performance VUL, Nationwide Protector IVUL, Nationwide Accumulator IVUL, Nationwide Marathon VUL Ultra, Nationwide Advisory VUL, and Nationwide® Variable Universal Life Protector II. The Company offers a last survivor flexible premium adjustable variable life insurance policy- Nationwide YourLife® Survivorship VUL.

(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.

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.

With certain exceptions, policyholders may invest in any of the following:

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Sustainable Global Thematic Portfolio: Class B (ABTGB)

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

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Relative Value 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 Discovery Value Portfolio: Class A (ALVSVA)

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

ADVISOR PREFERRED

Advisors Preferred Trust - Gold Bullion Strategy Portfolio (APTGBS)

ALGER AMERICAN FUNDS

Alger Capital Appreciation Portfolio - Class I2 Shares (ALCAI2)

ALLSPRING GLOBAL INVESTMENTS

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

ALPS FUNDS

ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2)

American Funds Insurance Series(R) - Asset Allocation Fund: Class 4 (AMVAA4)

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 4 (AMVBC4)

American Funds Insurance Series(R) - The Bond Fund of America: Class 4 (AMVBD4)

American Funds Insurance Series(R) - Global Growth Fund: Class 1 (AMVGG1)

American Funds Insurance Series(R) - Growth-Income Fund: Class 1 (AMVGI1)

American Funds Insurance Series(R) - Growth-Income Fund: Class 4 (AMVGI4)

American Funds Insurance Series(R) - Growth Fund: Class 4 (AMVGR4)

American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

American Funds Insurance Series(R) - U.S. Government Securities Fund: Class 2 (AMVGV2)

American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

American Funds Insurance Series(R) - New World Fund: Class 1 (AMVNW1)

American Funds Insurance Series(R) - New World Fund: Class 2 (AMVNW2)

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 1 (AMVWM1)

AMUNDI US

Pioneer Variable Contracts Trust - Pioneer Bond VCT Portfolio: Class II (PIVB2)*

Pioneer Variable Contracts Trust - Pioneer Mid Cap Value VCT Portfolio: Class II (PIVMV2)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

Pioneer Variable Contracts Trust - Pioneer Strategic Income VCT Portfolio: Class II (PIVSI2)

BLACKROCK FUNDS

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class I (BRVGA1)

BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)

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

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class I (BRVTR1)

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)

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

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)

BNY MELLON INVESTMENT MANAGEMENT

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

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

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

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Small Cap Value Fund: Class 1 (CLSCV1)

Columbia Funds Variable Insurance Trust II - Columbia Variable Portfolio - Seligman Global Technology: Class 2 (CLVGT2)

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Limited Duration Credit Fund: Class 1 (CLVLD1)

CREDIT SUISSE ASSET MANAGEMENT

Credit Suisse Trust - Commodity Return Strategy Portfolio: Class 1 (CSCRS)*

DELAWARE FUNDS BY MACQUARIE

Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class (DWVSVS)

DIMENSIONAL FUND ADVISORS INC.

DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA)

DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio (DFVGB)

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)

DFA Investment Dimensions Group Inc. - VA International Small Portfolio (DFVIS)

DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV)

DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio (DFVSTF)

DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio (DFVULV)

DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio (DFVUTV)

DWS INVESTMENT MANAGEMENT AMERICAS, INC.

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

Deutsche DWS Variable Series I - DWS Capital Growth VIP: Class A (DSVCGA)

EATON VANCE FUNDS

Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class (ETVFR)*

FEDERATED HERMES, INC.

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

Federated Hermes Insurance Series - Federated Hermes Kaufmann Fund II: Service Shares (FVK2S)*

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

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Initial Class (FCP)

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

Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio: Service Class 2 (FDSCS2)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS)

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: Service Class 2 (FG2)

Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class 2 (FGO2)

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

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Initial Class (FIGBP)

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)

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

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)

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


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

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

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 Floating Rate High Income Portfolio: Initial Class (FVFRHI)*

Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation Portfolio: Service Class 2 (FVICA2)

Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Service Class 2 (FVSIS2)*

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

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)

FIRST EAGLE

First Eagle Variable Funds - Overseas Variable Fund (FEOVF)

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 1 (FTVFA1)

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 1 (FTVGB1)

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 1 (FTVIS1)

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

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 1 (FTVMD1)

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

Franklin Templeton Variable Insurance Products Trust - Franklin Small-Mid Cap Growth VIP Fund: Class 1 (FTVSC1)

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

Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 1 (FTVUG1)

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 Funds Trust - Series F (Floating Rate Strategies Series) (GVFRB)

Guggenheim Variable Funds Trust - Series E (Total Return Bond) (GVTRBE)

Rydex Variable Trust - Biotechnology Fund (RBF)

Rydex Variable Trust - Banking Fund (RBKF)

Rydex Variable Trust - Basic Materials Fund (RBMF)*

Rydex Variable Trust - Electronics Fund (RELF)

Rydex Variable Trust - Energy Fund (RENF)*

Rydex Variable Trust - Energy Services Fund (RESF)

Rydex Variable Trust - Financial Services Fund (RFSF)*

Rydex Variable Trust - Health Care Fund (RHCF)

Rydex Variable Trust - High Yield Strategy Fund (RHYS)*

Rydex Variable Trust - Internet Fund (RINF)

Rydex Variable Trust - Leisure Fund (RLF)*

Rydex Variable Trust - NASDAQ-100(R) Fund (ROF)

Rydex Variable Trust - Precious Metals Fund (RPMF)

Rydex Variable Trust - Real Estate Fund (RREF)

Rydex Variable Trust - Retailing Fund (RRF)*

Rydex Variable Trust - Technology Fund (RTEC)

Rydex Variable Trust - Telecommunications Fund (RTEL)

Rydex Variable Trust - Transportation Fund (RTRF)

Rydex Variable Trust - Utilities Fund (RUTL)

Rydex Variable Trust - Multi-Hedge Strategies Fund (RVARS)

Rydex Variable Trust - Commodities Strategy Fund (RVCMD)*

Rydex Variable Trust - S&P 500 Pure Growth Fund (RVLCG)

Rydex Variable Trust - S&P 500 Pure Value Fund (RVLCV)

Rydex Variable Trust - S&P MidCap 400 Pure Growth Fund (RVMCG)*

Rydex Variable Trust - S&P MidCap 400 Pure Value Fund (RVMCV)

Rydex Variable Trust - Global Managed Futures Fund (RVMFU)

Rydex Variable Trust - S&P SmallCap 600 Pure Growth Fund (RVSCG)

Rydex Variable Trust - S&P SmallCap 600 Pure Value Fund (RVSCV)

INVESCO INVESTMENTS

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


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

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. Core Plus Bond Fund: Series I Shares (IVCPBI)

Invesco - Invesco V.I. Diversified Dividend Fund: Series I Shares (IVDDI)

Invesco - Invesco V.I. Global Real Estate Fund: Series I Shares (IVRE)

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

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

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

Invesco - Invesco V.I. Global Fund: Series II (OVGSS)*

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

Invesco Oppenheimer V.I. International Growth Fund: Series II (OVIGS)*

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 - Macquarie VIP Asset Strategy Series: Service Class (WRASP)

Ivy Variable Insurance Portfolios - Macquarie VIP Corporate Bond Series: Service Class (WRBDP)

Ivy Variable Insurance Portfolios - Macquarie VIP Balanced Series: Service Class (WRBP)

Ivy Variable Insurance Portfolios - Macquarie VIP Core Equity Series: Service Class (WRCEP)

Ivy Variable Insurance Portfolios - Macquarie VIP Energy Series: Service Class (WRENG)

Ivy Variable Insurance Portfolios - Macquarie VIP Natural Resources Series: Service Class (WRGNR)

Ivy Variable Insurance Portfolios - Macquarie VIP Growth Series: Service Class (WRGP)

Ivy Variable Insurance Portfolios - Macquarie VIP High Income Series: Service Class (WRHIP)

Ivy Variable Insurance Portfolios - Macquarie VIP International Core Equity Series: Service Class (WRI2P)

Ivy Variable Insurance Portfolios - Macquarie VIP Global Growth Series: Service Class (WRIP)

Ivy Variable Insurance Portfolios - Macquarie VIP Limited-Term Bond Series: Service Class (WRLTBP)

Ivy Variable Insurance Portfolios - Macquarie VIP Mid Cap Growth Series: Service Class (WRMCG)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Aggressive Series: Service Class (WRPAP)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Conservative Series: Service Class (WRPCP)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive Series: Service Class (WRPMAP)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series: Service Class (WRPMAV)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative Series: Service Class (WRPMCP)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series: Service Class (WRPMCV)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate - Managed Volatility Series: Service Class (WRPMMV)

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate Series: Service Class (WRPMP)

Ivy Variable Insurance Portfolios - Macquarie VIP Small Cap Growth Series: Service Class (WRSCP)

Ivy Variable Insurance Portfolios - Macquarie VIP Smid Cap Core Series: Service Class (WRSCV)

Ivy Variable Insurance Portfolios - Macquarie VIP Science and Technology Series: Service Class (WRSTP)

Ivy Variable Insurance Portfolios - Macquarie VIP Value Series: Service Class (WRVP)

JANUS HENDERSON INVESTORS

Janus Aspen Series - Janus Henderson Balanced Portfolio: Institutional Shares (JABIN)

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 Flexible Bond Portfolio: Service Shares (JAFBS)

Janus Aspen Series - Janus Henderson Global Sustainable Equity Portfolio: Institutional Shares (JAGSEI)

Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Institutional Shares (JAGTIS)*

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

Janus Aspen Series - Janus Henderson Overseas Portfolio: Institutional Shares (JAIG)

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

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)

Janus Aspen Series - Janus Henderson Global Research Portfolio: Service Shares (JAWGS)

Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Institutional Shares (JMCVIN)

JOHN HANCOCK FUNDS

John Hancock Variable Insurance Trust - Emerging Markets Value Trust: Series II (JHEMV2)*

LAZARD FUNDS

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)*

LEGG MASON

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I (LPVCII)

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Large Cap Growth Portfolio: Class I (LVCLGI)

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class II (SBVSG2)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

LINCOLN FUNDS

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Standard Class II (LACIP2)

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Service Class (LACIPS)

Lincoln Variable Insurance Products Trust - LVIP American Century Mid Cap Value Fund: Standard Class II (LACMV2)

LORD ABBETT FUNDS

Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD)

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

M FUNDS

M Fund, Inc. - M International Equity Fund (MFBIE)

M Fund, Inc. - M Large Cap Value Fund (MFBOV)

M Fund, Inc. - M Capital Appreciation Fund (MFFCA)

M Fund, Inc. - M Large Cap Growth Fund (MFTCG)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC)

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

MFS(R) Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

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

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Initial Class (MV3LMI)

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service Class (MV3LMS)

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)

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Initial Class (MVIVIC)

MFS(R) Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

MFS(R) Variable Insurance Trust - MFS Utilities Series: Initial Class (MVUIC)

MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)*

MERGER FUNDS

The Merger Fund VL - The Merger Fund VL: Class I (MGRFV)*

NATIONWIDE FUNDS

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

Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y (DTRTFY)

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 S&P 500 Index Fund: Class Y (GVEXD)

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 International Index Fund: Class Y (GVIXY)

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

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y (MCIFD)

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 U.S. Equity Fund: Class II (NJNDE2)

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


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

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 Bond Index Fund: Class Y (NVBXD)

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) Capital Appreciation Fund: Class Y (NVCCAY)

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

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class Y (NVCCNY)

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

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class Y (NVCMAY)

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) Moderate Fund: Class Y (NVCMDY)

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

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class Y (NVCRAY)

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

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class Y (NVCRBY)

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

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class P (NVDBLP)

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 Investor Destinations Moderately Aggressive Fund: Class P (NVDMAP)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class P (NVDMCP)

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

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class Y (NVFIY)

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

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class Y (NVGEY)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class P (NVIDAP)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class P (NVIDCP)

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

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

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 BNY Mellon Core Plus Bond Fund: Class Y (NVLCPY)*

Nationwide Variable Insurance Trust - NVIT NS Partners International Focused 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 Government Money Market Fund: Class II (NVMM2)

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

Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class II (NVMMG2)*

Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class I (NVMMV1)

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

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Core Fund: Class I (NVNMO1)

Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class II (NVNSR2)

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 Small Cap Index Fund: Class Y (NVSIXD)

Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class I (NVSTB1)

Nationwide Variable Insurance Trust - NVIT Loomis 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 Government Money Market Fund: Class V (SAM5)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class Y (SAMY)

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

Nationwide Variable Insurance Trust - NVIT Invesco 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: Class S Shares (AMMCGS)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

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

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

NEW AGE ALPHA ADVISORS, LLC

New Age Alpha Variable Funds Trust - NAA Small Cap Value Series (NASCV)

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 1 (NOTAG1)

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 2 (NOTAG2)

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

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 2 (NOTBE2)

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 1 (NOTC1)*

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 2 (NOTC2)

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

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 1 (NOTGR1)

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 2 (NOTGR2)

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 1 (NOTMD1)

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 2 (NOTMD2)

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

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 1 (NOTMR1)*

NYLI FUNDS

New York Life Investments VP Funds Trust - NYLI VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)

PIMCO FUNDS

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

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Administrative Class (PMVEBA)

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

PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)

PIMCO Variable Insurance Trust - Income Portfolio: Administrative Class (PMVID)

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

PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)

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

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

PIMCO Variable Insurance Trust - Global Core Bond (Hedged) Portfolio: Administrative Class (PVGCBA)

PIMCO Variable Insurance Trust - Short-Term Portfolio: Administrative Class (PVSTA)

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IA (PVEIIA)

Putnam Variable Trust - Putnam VT Income Fund: Class IB (PVIB)*

Putnam Variable Trust - Putnam VT International Value Fund: Class IA (PVIVIA)

Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB (PVNOB)

ROYCE CAPITAL FUNDS

Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC)

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II (TRBCG2)

T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)*

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

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio (TRHSP)

T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)

VAN ECK ASSOCIATES CORPORATION

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

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

VANGUARD GROUP OF INVESTMENT COMPANIES

Vanguard Variable Insurance Fund - Balanced Portfolio (VVB)

Vanguard Variable Insurance Fund - Conservative Allocation Portfolio (VVCA)*

Vanguard Variable Insurance Fund - Capital Growth Portfolio (VVCG)

Vanguard Variable Insurance Fund - Diversified Value Portfolio (VVDV)

Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI)

Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX)

Vanguard Variable Insurance Fund - Growth Portfolio (VVG)

Vanguard Variable Insurance Fund-Global Bond Index Portfolio (VVGBI)

Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)

Vanguard Variable Insurance Fund - High Yield Bond Portfolio (VVHYB)

Vanguard Variable Insurance Fund - International Portfolio (VVI)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

Vanguard Variable Insurance Fund - Moderate Allocation Portfolio (VVMA)

Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)

Vanguard Variable Insurance Fund - Real Estate Index Portfolio (VVREI)

Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)

Vanguard Variable Insurance Fund-Total International Stock Market Index Portfolio (VVTISI)

Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM)

VIRTUS MUTUAL FUNDS

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

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

 

*

At December 31, 2024, policyholders were not invested in this fund.

Unless listed below, the financial statements presented are as of December 31, 2024 and for each of the years in the two-year period ended December 31, 2024. For the subaccounts listed below with inception dates in 2024, the financial statements are as of December 31, 2024 and for the period from the inception date to December 31, 2024. For the subaccounts listed below with inception dates in 2023, the prior year financial statements reflect the period from inception date to December 31, 2023.

 

     Inception Date    Liquidation Date  

T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)

   5/5/2023   

Fidelity Variable Insurance Products Fund - VIP Floating Rate High Income Portfolio: Initial Class (FVFRHI)

   5/18/2023   

MFS(R) Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC)

   5/18/2023   

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 1 (NOTAG1)

   5/18/2023   

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 1 (NOTC1)

   5/18/2023   

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 1 (NOTGR1)

   5/18/2023   

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 1 (NOTMD1)

   5/18/2023   

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 1 (NOTMR1)

   5/18/2023   

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

   5/18/2023   

Janus Aspen Series - Janus Henderson Global Sustainable Equity Portfolio: Institutional Shares (JAGSEI)

   5/30/2023   

American Funds Insurance Series(R) - U.S. Government Securities Fund: Class 2 (AMVGV2)

   6/2/2023   

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Sustainable Global Thematic Portfolio: Class B (ABTGB)

   6/5/2023   

Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB (PVNOB)

   6/16/2023   

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service Class (MV3LMS)

   8/17/2023   

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class Y (NVCCAY)

   11/28/2023   

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

   11/30/2023   

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 2 (NOTBE2)

   12/6/2023   

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 2 (NOTC2)

   12/6/2023   

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 2 (NOTGR2)

   12/6/2023   

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class Y (NVCMAY)

   12/6/2023   

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class Y (NVCMDY)

   12/6/2023   

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class Y (NVCRAY)

   12/6/2023   

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class Y (NVCRBY)

   12/6/2023   

American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2)

   12/13/2023   

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 2 (NOTAG2)

   12/13/2023   

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 2 (NOTMD2)

   12/19/2023   

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class Y (NVCCNY)

   12/19/2023   

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

   12/29/2023   

American Funds Insurance Series(R) - Growth-Income Fund: Class 1 (AMVGI1)

   12/29/2023   

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 1 (AMVWM1)

   12/29/2023   

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class I (BRVTR1)

   12/29/2023   

Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Small Cap Value Fund: Class 1 (CLSCV1)

   12/29/2023   

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

   12/29/2023   

Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II (NJNDE2)

   12/29/2023   

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Standard Class II (LACIP2)

   4/26/2024   

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Service Class (LACIPS)

   4/26/2024   

Lincoln Variable Insurance Products Trust - LVIP American Century Mid Cap Value Fund: Standard Class II (LACMV2)

   4/26/2024   

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 1 (FTVMD1)

   5/14/2024   

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I (LPVCII)

   5/14/2024   

Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 1 (FTVUG1)

   6/18/2024   

Franklin Templeton Variable Insurance Products Trust - Franklin Small-Mid Cap Growth VIP Fund: Class 1 (FTVSC1)

   6/21/2024   


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

Janus Aspen Series - Janus Henderson Global Research Portfolio: Service Shares (JAWGS)

   6/24/2024   

New Age Alpha Variable Funds Trust - NAA Small Cap Value Series (NASCV)

   10/25/2024   

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

      4/15/2024

Ivy Variable Insurance Portfolios - Delaware VIP Real Estate Securities: Class II (WRRESP)

      5/21/2024

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)

      12/24/2024

The following underlying mutual fund mergers occurred. The subaccounts associated with the underlying mutual funds are no longer available as of December 31, 2024.

 

Acquired Underlying Mutual Fund

  

Acquiring Underlying Mutual Fund

   Effective Date

American Century Variable Portfolios II, Inc. - American Century

VP Inflation Protection Fund: Class I (ACVIP1)

  

Lincoln Variable Insurance Products Trust - LVIP American

Century Inflation Protection Fund: Standard Class II (LACIP2)

   4/26/2024

American Century Variable Portfolios II, Inc. - American Century

VP Inflation Protection Fund: Class II (ACVIP2)

  

Lincoln Variable Insurance Products Trust - LVIP American

Century Inflation Protection Fund: Service Class (LACIPS)

   4/26/2024

American Century Variable Portfolios, Inc. - American Century

VP Mid Cap Value Fund: Class I (ACVMV1)

  

Lincoln Variable Insurance Products Trust - LVIP American

Century Mid Cap Value Fund: Standard Class II (LACMV2)

   4/26/2024

Ivy Variable Insurance Portfolios - Delaware VIP Global Equity:

Class II (WRDIV)

  

Ivy Variable Insurance Portfolios - Delaware Ivy Global Growth:

Class II (WRIP)

   4/26/2024

Guggenheim Variable Funds Trust - Series Q (Small Cap Value

Series) (SBLQ)

  

New Age Alpha Variable Funds Trust - NAA Small Cap Value

Series (NASCV)

   10/25/2024

For the one-year period ended December 31, 2024, the following subaccount name changes occurred:

 

Subaccount

              

Abbreviation

  

Current Legal Name

  

Prior Legal Name

   Effective Date

ABTGB

   AllianceBernstein Variable Products Series Fund, Inc. -AB VPS Sustainable Global Thematic Portfolio: Class B    AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Sustainable Global Thematic Growth Portfolio: Class B    5/1/2024

DWVSVS

   Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class    Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service Class    5/1/2024

WRASP

   Ivy Variable Insurance Portfolios - Macquarie VIP Asset Strategy Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II    5/1/2024

WRBDP

   Ivy Variable Insurance Portfolios - Macquarie VIP Corporate Bond Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Corporate Bond: Class II    5/1/2024

WRBP

   Ivy Variable Insurance Portfolios - Macquarie VIP Balanced Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Balanced: Class II    5/1/2024

WRCEP

   Ivy Variable Insurance Portfolios - Macquarie VIP Core Equity Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Core Equity: Class II    5/1/2024

WRENG

   Ivy Variable Insurance Portfolios - Macquarie VIP Energy Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Energy: Class II    5/1/2024

WRGNR

   Ivy Variable Insurance Portfolios - Macquarie VIP Natural Resources Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Natural Resources: Class II    5/1/2024

WRGP

   Ivy Variable Insurance Portfolios - Macquarie VIP Growth Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Growth: Class II    5/1/2024

WRHIP

   Ivy Variable Insurance Portfolios - Macquarie VIP High Income Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy High Income: Class II    5/1/2024

WRI2P

   Ivy Variable Insurance Portfolios - Macquarie VIP International Core Equity Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy International Core Equity: Class II    5/1/2024

WRIP

   Ivy Variable Insurance Portfolios - Macquarie VIP Global Growth Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Global Growth: Class II    5/1/2024

WRLTBP

   Ivy Variable Insurance Portfolios - Macquarie VIP Limited- Term Bond Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Limited- Term Bond: Class II    5/1/2024

WRMCG

   Ivy Variable Insurance Portfolios - Macquarie VIP Mid Cap Growth Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Mid Cap Growth: Class II    5/1/2024

WRPAP

   Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Aggressive Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Aggressive: Class II    5/1/2024


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

WRPCP    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Conservative Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Conservative: Class II    5/1/2024
WRPMAP    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Moderately Aggressive: Class II    5/1/2024
WRPMAV    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Moderately Aggressive - Managed Volatility: Class II    5/1/2024
WRPMCP    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Moderately Conservative: Class II    5/1/2024
WRPMCV    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Moderately Conservative - Managed Volatility: Class II    5/1/2024
WRPMMV    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate - Managed Volatility Series: Service    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Moderate - Managed Volatility: Class II    5/1/2024
WRPMP    Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Pathfinder Moderate: Class II    5/1/2024
WRSCP    Ivy Variable Insurance Portfolios - Macquarie VIP Small Cap Growth Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Small Cap Growth: Class II    5/1/2024
WRSCV    Ivy Variable Insurance Portfolios - Macquarie VIP Smid Cap Core Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Smid Cap Core: Class II    5/1/2024
WRSTP    Ivy Variable Insurance Portfolios - Macquarie VIP Science and Technology Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Science and Technology: Class II    5/1/2024
WRVP    Ivy Variable Insurance Portfolios - Macquarie VIP Value Series: Service Class    Ivy Variable Insurance Portfolios - Delaware Ivy Value: Class II    5/1/2024
MNCPS2    New York Life Investments VP Funds Trust - NYLI VP MacKay Convertible Portfolio: Service 2 Class    MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class    8/12/2024

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 allocated to the indexed interest options, if applicable, or fixed account(s), which are included in the general account of the Company.

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

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing Net Asset Value per share at December 31, 2024 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.

(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) Adjustments to Maintain reserves (ATM)

Adjustments to Maintain reserves primarily represent timing related adjustments absorbed by the general account in order to maintain appropriate contract owner account balances.

(g) Segment Disclosures


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

In this reporting period, each subaccount within the Separate Account adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Adoption of the new standard impacted financial statement disclosures only and did not affect the financial position or the results of operations for the subaccounts of the Separate Account. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The subaccounts have acted as single reportable segments and the CODM is Product Development. The CODM assesses subaccount performance including investment results reflected in the net increase (decrease) in contract owners’ equity resulting from operations as reported in the Statements of Operations as well as investment income ratios, and total return, within the financial highlights of the notes to the financial statements.

(h) Subsequent Events

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

(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/Percent of Subaccount Value

Charge - assessed through a surrender of units

  Equal, on an annual basis, to 0.00% - 1.00% of the daily value of the assets invested in each fund
   
Low Cost Sub-Account Fee – assessed through a surrender of units   Equal, on an annual basis, to 0.00% - 1.00% of the daily value of the assets invested in certain funds that assess a Low Cost Sub-Account Fee. The Low Cost Sub-Account Fee that is assessed may vary by fund.
   
Sales Charge/Percent of Premium Charge - assessed through a deduction from premium payments   0.50% - 12.00% of each premium payment
   
Premium Tax Charge - assessed through a deduction from premium payments   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
   
Indexed Interest Strategy Charge   Up to 1.00% of the cash value applied to create an index segment
   
Capped Indexed Interest Strategy Charge   Up to 2.00% of the cash value applied to create an index segment
   
Cost of Insurance Charges (including any flat extra charge) - assessed through a surrender of units   $0.00 - $83.34 per $1,000 of a policy’s net amount at risk
   
Specified Amount/Underwriting and Distribution Charge- assessed through a surrender of units   $0.00 - $7.572 per $1,000 of specified amount
   
Administrative Charge - assessed through a surrender of units   $5 - $25 per policy, per month
   
Surrender Charge - assessed through a surrender of units   $0.00 - $55.95 per $1,000 of a policy’s specified amount
   
Policy Loan Interest Charge - assessed through a surrender of units   3.00% - 4.50% of an outstanding policy loan
   

Declared Rate Policy Loan Interest Charge – assessed through a

surrender of units

  0.50% - 3.90% of an outstanding declared rate policy loan
   

Investment Advisory Policy Loan Interest Charge – assessed through a

surrender of units

  0.50% - 3.25% of an outstanding investment advisory policy loan
   

Service/Illustration/Partial Surrender Fees - assessed through a

surrender of units

  Up to $25.00 per request
 
Rider Charges - assessed through a surrender of units monthly, unless otherwise specified.
   
Adjusted Sales Load Life Insurance Rider Charge   $0.14 for each $1,000 of premium for each 1% of sales load reduction elected
   
Children’s Term Insurance Rider Charge   $0.43 per $1,000 of the rider’s specified amount
   
Long-Term Care Rider Charge   $0.00 - $28.65 per $1,000 of the rider’s net amount risk
   
Spouse Life Insurance Rider Charge   $0.10 - $10.23 per $1,000 of the rider’s specified amount
   
Long-Term Care Rider II Charge   $0.00 -$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
   
Premium Waiver Rider Charge   $42 - $315 per $1,000 of the premium specified by the policy owner
   
Additional Term Insurance/Additional Protection Rider Charge    
   
  Cost of Insurance   $0.01 - $83.34 per $1,000 of the rider’s death benefit


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

   
  Specified Amount   $0.07 - $3.14 per $1,000 of the rider’s specified amount
   
Overloan Lapse Protection/Policy Guard Rider Charge   $1.50 - $47.50 per $1,000 of the policy’s cash value at the time the rider is invoked
   
Overloan Loan Lapse Protection Rider II   $1.50- $185 per $1,000 of the policy’s cash value at the time the rider is invoked
   
Accelerated Death Benefit Rider Charge    
   
  Administrative Charge   $280 - $450 at the time the rider is invoked
   
  Rider Charge   $30 - $200 per $1,000 of TI Unadjusted Accelerated Death Benefit Payment
   
Accelerated Death Benefit for Chronic Illness Rider   $250 at the time the rider is invoked
   
Accelerated Death Benefit for Critical Illness Rider   $250 at the time the rider is invoked
   
Extended Death Benefit Guarantee Rider Charge   $0.01 - $0.16 of elected policy specified amount coverage
   
Extended No-Lapse Guarantee Rider Charge   5% - 400% of the sum of the guaranteed maximum cost of insurance charges for the policy, and Additional Term Insurance Rider if elected, and guaranteed maximum charges for all other elected riders
   
Extended No-Lapse Guarantee Rider Charge (Nationwide® Variable Universal Life Protector II)    
   
Percent of Premium Charge   0% - 15% of each Premium
   
  Percent of Sub-Account Value Charge   0% - 0.083% of Cash Value allocated to the Sub-Accounts
   
Four Year Term Insurance Rider Charge   $0.01 - $83.34 per $1,000 of a rider death benefit
   
Policy Split Option Rider Charge   $0.01 - $0.03 of policy and Additional Term Insurance Rider specified amount
   
Wealth Guard Rider Charge   $0.58 - $1.25 per $1,000 of cash value
   
Surrender Value Enhancement Rider   $0.02 - $0.56 per $1,000 of the Base Policy Specified Amount

For the years ended December 31, 2024 and 2023, total front-end sales charge deductions were $20,925,991 and $16,677,723, respectively and were recognized as part of purchase payments on the Statements of Changes in Contract Owners’ Equity.

(3) Asset Charges

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

For Nationwide YourLife® Accumulation VUL policies, the current charge is 0% of variable policy value on an annualized basis, with a guaranteed maximum charge of 0.30% of the variable policy value on an annualized basis.

The amount of the charge for other policies may vary based on the policy year and the amount of the policy value. The tables below show by product the amount of the charge on an annualized basis, current charges, and charge variation based on policy year and policy value.

Nationwide® Options Select policies

 

Policy Years   

Charge for First

$25,000 in Variable

Policy Value

(Annualized)

  

Charge for Next

$225,000 in

Variable Policy

Value (Annualized)

  

Charge for Variable

Policy Value in

Excess Of $250,000
(Annualized)

       

1 through 10

   0.60%    0.30%    0.10%

11 through 20

   0.30%    0.20%    0.05%

21 and later

   0.00%    0.00%    0.00%

Note: the guaranteed maximum for all policies is 0.60% on an annualized basis.

Nationwide MarathonSM VUL policies


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

 

Policy Years

  

Charge for First

$25,000 in

Variable Policy

Value (Annualized)

  

Charge for Next

$225,000 in

Variable Policy

Value (Annualized)

  

Charge for Variable

Policy Value in

Excess Of $250,000
(Annualized)

       

1 through 10

   0.60%    0.30%    0.10%

11 through 20

   0.30%    0.10%    0.00%

21 and later

   0.00%    0.00%    0.00%

Note: the guaranteed maximum for all policies is 0.60% on an annualized basis.

Nationwide®YourLifeSM Protection VUL policies

 

Policy Years

 

  

Charge for First

$250,000 in

Variable Policy

Value (Annualized)

  

Charge for Variable

Policy Value in

Excess Of

$250,000

(Annualized)

     

1 through 15

   0.80%    0.30%

16 or later

   0.30%    0.20%

Note: the guaranteed maximum for all policies is 0.80% on an annualized basis.

Nationwide MarathonSM Performance VUL policies

For policies that do not elect the accumulation rider, the charge will be deducted in accordance with the table below.

 

Policy Years   

Charge for First

$250,000 in Variable

Policy Value

(Annualized)

  

Charge for Variable

Policy Value in Excess

Of $250,000

(Annualized)

     

1 through 15

   0.80%    0.30%

16 or later

   0.30%    0.20%

Note: the guaranteed maximum for all policies not electing that accumulation rider is 0.80% on an annualized basis. If you do elect the accumulations rider, the maximum guaranteed charge is equal to an annualized rate of 0.30% of variable policy value for all policy years and the current charge is 0.00%.

Nationwide YourLife® Survivorship VUL policies


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

Policy Years   

Charge for First

$250,000 in Variable

Policy Value

(Annualized)

  

Charge for Variable

Policy Value in Excess

Of $250,000

(Annualized)

     

1 through 15

   0.80%    0.50%

16 through 20

   0.50%    0.50%

21 or later

   0.00%    0.00%

Note: the guaranteed maximum for all policies is 0.80% on an annualized basis of all variable account cash value for policy years 1-15, 0.50% on an annualized basis for all variable cash value for policy years 16-20 and 0.30% for policy year 21 and later.

The charges above are assessed against each policy by liquidating units.

(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 90% of a policy’s non-loaned cash value. Interest is charged on the outstanding loan and is due and payable on each policy anniversary, or when the loan is repaid or a new loan is effective. 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 was made. Interest credited is paid by the Company’s general account to the Separate Account. Loan repayments result in a transfer of collateral including interest credited back to the Separate Account. The interest rate charged on the policy loan is the stated rate of interest in effect at the time the loan is made, subject to a guaranteed maximum rate. 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, 2024 and 2023, total transfers to the Separate Account from the fixed account were $50,505,065 and $39,024,882, respectively, and total transfers from the Separate Account to the fixed account were $52,099,421 and $29,043,530, 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 VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, Secured 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 investments used by all subaccounts are mutual funds and are valued using daily Net Asset Values (NAVs), which are deemed to approximate fair values. As such, all funds are classified as Level 1 investments.

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2024 are as follows:

 

  Subaccount

 Abbreviation* 

    Purchases of 
Investments
       Sales of
 Investments 
 

ABTGB

   $ 17,216        $ 1,243  

ALVDAA

     15,134          8,268  

ALVGIA

     288,905          111,663  

ALVIVB

     29,872          31,508  

ALVSVA

     592,074          453,649  

ALVSVB

     702          19  

APTGBS

     143,351          60,743  

ALCAI2

     64,032          18,899  

WFVSCG

     19,466          230,740  

AAEIP3

     114,380          4,415  

AFGF

     982,802          37,744  

AMVAA2

        8,604,634             1,374,783  

AMVAA4

     1,294          258  

AMVBC4

     2,471,319          332,103  

AMVBD4

     160,471          76,259  

AMVGG1

     267,601          3,001  

AMVGI1

     1,038,307          15,528  

AMVGI4

     72,463          50,060  

AMVGR4

     408,127          225,253  

AMVGS4

     106,300          11,517  

AMVGV2

     3,823,898          3,203,162  

AMVI4

     40,896          5,336  

AMVNW1

     74,115          1,765  

AMVNW2

     964,228          368,793  

AMVNW4

     206,024          191,637  

AMVWM1

     947,337          18,799  

PIVB2

     3,125          10,263  

PIVMV2

     135,440          36,353  

PIVSI2

     4,341          182  

BRVGA1

     1,801,225          920,684  

BRVHY3

     89,001          37,635  

BRVHYI

     1,758,811          180,278  

BRVTR1

     394,900          4,282  

BRVTR3

     164,545          77,048  

MLVGA2

     138,742          83,893  

MLVGA3

     45,718          7,229  

DCAP

     2          1,017  

DSIF

     2,470,674          2,470,083  

DVSCS

     336,043          471,074  

CLSCV1

     43,611          672  

CLVGT2

     399,655          2,404  

CLVLD1

     34,501          265  

CSCRS

     1,378          3,299  


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

DWVSVS

     269,886          194,812  

DFVEA

     1,385,044          247,761  

DFVGB

     5,509,008          2,433,828  

DFVGMI

     5,764,562          545,274  

DFVIPS

     1,312,272          924,002  

DFVIS

     5,728,840          2,543,999  

DFVIV

     8,266,758          2,405,570  

DFVSTF

        6,701,521             3,555,197  

DFVULV

     11,625,347          5,291,662  

DFVUTV

     7,855,008          5,453,212  

DSGIBA

     2,190,754          512,545  

DSVCGA

     3,039,200          625,067  

FQB

     49,162          38,654  

FB2

     220,329          135,722  

FC2

     139,995          50,765  

FCP

     471,635          5,566  

FCS

     14,372,504          1,887,891  

FDSCS2

     379,644          4,096  

FEIS

     1,378,693          717,954  

FEMS

     2,836,555          1,053,824  

FF10S

     79,729          106,660  

FF20S

     287,492          364,213  

FF30S

     685,197          513,415  

FG2

     968,608          55,361  

FGO2

     72,815          5,980  

FGP

     457,546          8,924  

FGS

     38,601,101          4,795,920  

FIGBP

     226,413          12,543  

FIGBP2

     93,561          37,164  

FIGBS

     2,529,951          1,506,398  

FMC2

     391,571          2,581  

FMCS

     1,964,044          799,494  

FNRS2

     3,347,146          3,252,334  

FOS

     2,122,118          471,667  

FRESS

     997,118          872,679  

FVFRHI

     17          619  

FVICA2

     165,248          20,126  

FVSS

     3,017          1,047  

FVSS2

     2,108,197          1,547,675  

FEOVF

     43,495          2,828  

FTVDM2

     53,510          28,634  

FTVFA1

     73,548          78,644  

FTVFA2

     27,353          237,483  

FTVGB1

     314,578          300,761  

FTVGI2

     74,126          18,845  

FTVIS1

     743,490          630,082  

FTVIS2

     28,815          20,650  

FTVMD1

     1,017,066          33,359  

FTVSC1

     36,905          973  

FTVSVI

     189,408          291,848  

FTVUG1

     278,759          4,887  

TIF2

     100,865          121,278  

GVGMNS

     21,436          16,843  

GVMSAS

     175,878          185,497  

GVFRB

     89,485          33,022  

GVTRBE

     13,414          6  

RBF

     66,224          42,414  

RBKF

     49,941          11,774  

RELF

     126,389          54,587  

RESF

     1,393          896  


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

RHCF

     6,317          387  

RHYS

     1,450          3,557  

RINF

     7,282          365  

ROF

     965,851          922,506  

RPMF

     100,821          93,235  

RREF

     3,561          -  

RTEC

     62,738          18,946  

RTEL

     47,455          823  

RTRF

     266          23  

RUTL

     51,198          1,093  

RVARS

     236,312          292,260  

RVLCG

     12,305          8,110  

RVLCV

     868,075          865,906  

RVMCG

     43,635          42,415  

RVMCV

     23,212          18,815  

RVMFU

     77,459          15,871  

RVSCG

     18,032          1,056  

RVSCV

     25,393          18,558  

ACEG

     2,825          1,562  

AVMCCI

     16,054          22,697  

IVBRA1

        3,275,922             1,070,220  

IVCPBI

     60,218          12,320  

IVDDI

     25,215          9,011  

IVRE

     1,385          -  

OVAG

     132,991          151,647  

OVGI

     -          1,493  

OVGS

     2,101,429          1,128,575  

OVIG

     2,230,293          860,812  

OVSB

     20,474          15,671  

OVSC

     2,135,216          347,488  

WRASP

     1,159,246          857,073  

WRBDP

     222,403          44,017  

WRBP

     36,917          110,986  

WRCEP

     460,745          317,599  

WRENG

     60,786          13,532  

WRGNR

     156,918          102,393  

WRGP

     481,519          394,965  

WRHIP

     544,296          378,451  

WRI2P

     86,076          80,524  

WRIP

     1,096,956          136,905  

WRLTBP

     39,879          8,757  

WRMCG

     258,199          502,483  

WRPAP

     228,932          236,583  

WRPCP

     29,133          82,086  

WRPMAP

     518,204          581,146  

WRPMAV

     108,199          51,667  

WRPMCP

     38,809          146,485  

WRPMCV

     10          21  

WRPMMV

     26,628          11,658  

WRPMP

     563,876          801,876  

WRSCP

     78,244          183,587  

WRSCV

     70,660          36,221  

WRSTP

     234,595          395,104  

WRVP

     261,109          182,562  

JABIN

     3,991          1,666  

JACAS

     741,043          779,761  

JAEI

     3,538,973          1,285,493  

JAFBS

     11,826          724  

JAGSEI

     118,790          26,259  

JAGTS

     12,157,955          8,646,092  


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

JAIG

     26,576          972  

JAIGS

     1,262,435          171,886  

JAMGS

     6,301,803          299,881  

JAWGS

     255,064          182,347  

JMCVIN

     9,950          3,529  

LPVCII

     1,461,305          25,596  

LVCLGI

     1,582,936          57,700  

SBVSG

     17,399          843  

SBVSG2

     436,794          269,611  

LACIP2

     12,285,297          574,642  

LACIPS

     514,187          23,837  

LACMV2

     4,190,212          164,003  

LOVBD

     11,384          -  

LOVTRC

     8,844,507          411,892  

MFBIE

     522,125          168,717  

MFBOV

     1,166,003          339,660  

MFFCA

        2,913,142             2,359,078  

MFTCG

     1,435,156          1,895,319  

MMCGSC

     670,817          82,665  

MNDIC

     217,647          1,304,992  

MNDSC

     81,367          5,606  

MV2IGI

     1,866          761  

MV2RIS

     145,625          5,657  

MV3LMI

     148,039          2,222  

MV3LMS

     428,379          396,530  

MV3MVI

     5,842,534          312,645  

MVFIC

     7,353,445          1,556,225  

MVIGIC

     4,669,098          434,148  

MVIVIC

     1,173,977          733,086  

MVIVSC

     3,097          1,867  

MVUIC

     2,204,550          756,810  

MGRFV

     -          351  

DTRTFB

     690,865          202,266  

DTRTFY

     19,050          29,420  

EIF

     464,727          234,818  

GBF

     442,114          659,726  

GEM

     1,542,909          1,326,994  

GIG

     465,740          126,629  

GVAAA2

     16,325,077          12,449,419  

GVABD2

     159,952          108,558  

GVAGG2

     739,088          941,884  

GVAGI2

     375,110          458,783  

GVAGR2

     910,337          870,966  

GVDMA

     74,124          691,658  

GVDMC

     86,704          30,514  

GVEX1

     67,300,125          12,002,928  

GVEXD

     2,268,192          393,993  

GVIDA

     35,897          128,249  

GVIDC

     15,162          41,632  

GVIDM

     103,259          546,734  

GVIX2

     624,184          503,947  

GVIXY

     138,861          22,489  

HIBF

     426,199          353,546  

IDPG

     834,415          172,356  

IDPGI

     376,201          119,937  

MCIF

     5,006,993          2,012,224  

MCIFD

     206,229          10,951  

MSBF

     827,559          305,074  

NCPG

     1,102,211          534,015  

NCPGI

     1,888,887          773,891  


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

NJNDE2

     260,469          4,019  

NVAMV1

     355,314          244,977  

NVAMVX

     831,219          591,284  

NVBX

     5,248,403          1,591,845  

NVBXD

     311,730          16,998  

NVCBD1

     400,029          222,858  

NVCCA1

     2,846,710          1,930,056  

NVCCAY

     1,087,088          55,148  

NVCCN1

     233,959          177,792  

NVCCNY

     125,731          16,870  

NVCMA1

     5,477,107          5,450,558  

NVCMAY

     1,410,295          398,971  

NVCMC1

     266,459          340,674  

NVCMD1

     2,913,634          1,896,489  

NVCMDY

     784,897          16,200  

NVCRA1

        6,958,375             3,093,938  

NVCRAY

     3,784,165          591,851  

NVCRB1

     939,897          1,261,522  

NVCRBY

     542,806          8,769  

NVDBL2

     420          132,447  

NVDBLP

     1,064,168          2,079,454  

NVDCA2

     -          2,844  

NVDCAP

     732,217          2,858,512  

NVDMAP

     5,057,408          3,123,487  

NVDMCP

     313,377          164,544  

NVFIII

     1,614,859          58,778  

NVFIY

     60,320          96,380  

NVGEII

     3,317,274          1,132,064  

NVGEY

     666,171          21,011  

NVIDAP

     3,895,758          2,261,911  

NVIDCP

     244,885          348,127  

NVIDMP

     1,679,044          1,668,970  

NVIE6

     1,475          29,147  

NVIX

     3,736,107          1,972,159  

NVLCP1

     5,573,280          1,326,379  

NVLCPY

     34,837          34,619  

NVMIG1

     127,131          359,208  

NVMIVX

     468,093          151,522  

NVMLG1

     7,860,320          732,723  

NVMM2

     396,580          102,366  

NVMMG1

     218,828          489,777  

NVMMG2

     18          20  

NVMMV1

     2,152,517          588,412  

NVMMV2

     29,594          25,303  

NVNMO1

     528,895          63,023  

NVNSR2

     350,823          380,278  

NVOLG1

     2,366,014          3,318,149  

NVRE1

     1,418,846          2,602,407  

NVSIX2

     4,381,658          1,155,419  

NVSIXD

     457,286          100,948  

NVSTB1

     1,785,073          666,711  

NVSTB2

     3,672          1,784  

NVTIV3

     34,141          33,308  

SAM

     37,360,236          9,751,452  

SAM5

     38,099,764          31,789,614  

SAMY

     11,440,917          5,982,414  

SCF

     580,537          373,230  

SCGF

     3,689,866          1,050,561  

SCVF

     296,341          529,943  

TRF

     569,312          400,494  


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

AMMCGS

     7,253          1,229  

AMSRS

     13,847          32,491  

AMTB

     59,397          19,729  

NASCV

     23,558          810  

NOTAG1

     27,278          88  

NOTAG2

     3,732,504          312,856  

NOTB3

     287,125          325,561  

NOTBE2

     921,828          113,524  

NOTC1

     8          8  

NOTC2

     94,548          6,414  

NOTG3

     462,790          442,606  

NOTGR1

     35,012          9  

NOTGR2

        2,641,530             1,093,491  

NOTMD1

     5,530          8  

NOTMD2

     555,880          196,747  

NOTMG3

     331,609          465,451  

NOTMR1

     8          8  

MNCPS2

     70,253          15,058  

PMVAAA

     130,388          32,510  

PMVEBA

     853          1  

PMVFBA

     118,189          73,656  

PMVHYA

     18          -  

PMVID

     408,206          16,374  

PMVLDA

     623,998          286,581  

PMVRRA

     36,007          4,343  

PMVRSA

     1,322,655          562,458  

PMVTRA

     78,450          2,675  

PVGCBA

     4,301          -  

PVSTA

     825,437          697,914  

PVEIIA

     3,813,850          493,607  

PVIVIA

     385,853          119,371  

PVNOB

     771,839          29,443  

ROCMC

     40,755          11,352  

TRBCG2

     19,657          3,023  

TREI2

     311          1,554  

TRHS2

     177,037          195,622  

TRHSP

     7,194,213          7,389,163  

TRMCG2

     580,206          163,336  

VWEM

     671          73  

VWHA

     902,560          1,006,358  

VVB

     296,105          679,833  

VVCG

     269,343          184,147  

VVDV

     50,821          3,559  

VVEI

     166,876          16,868  

VVEIX

     693,596          54,787  

VVG

     388,860          106,990  

VVGBI

     6,104          3,391  

VVHGB

     186,313          49,649  

VVHYB

     18,336          284  

VVI

     440,002          165,954  

VVMA

     1,192,575          409,532  

VVMCI

     188,624          54,662  

VVREI

     163,020          32,713  

VVSTC

     32,720          31,556  

VVTISI

     312,132          17,216  

VVTSM

     1,081,841          155,388  

VRVDRA

     92,205          10,945  

VRVDRI

     685,672          527,283  


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

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


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

(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, 2024, and the investment income ratio and total return for each of the periods in the five-year period ended December 31, 2024. 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 Sustainable Global Thematic Portfolio: Class B (ABTGB)

2024

   0.00%         1,563      $11.79         $18,425        0.00     5.96%

2023

   0.00%         209       11.13         2,323        0.00    11.27%****

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

2024

   0.00%         7,533       17.93         135,053        1.33    10.65%

2023

   0.00%         7,223       16.20         117,030        0.88    13.70%

2022

   0.00%         6,977       14.25         99,428        2.86    -18.45%

2021

   0.00%         6,143       17.47         107,345        2.01     9.67%

2020

   0.00%         6,303       15.93         100,427        1.51     5.02%

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Relative Value Portfolio: Class A (ALVGIA)

2024

   0.00%         14,983       12.28         184,010        1.74    13.02%

2023

   0.00%         375       10.87         4,075        0.00    12.03%

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

2024

   0.00%         27,717       10.61         294,005        2.32     4.81%

2023

   0.00%         28,604       10.12         289,496        0.76    14.83%

2022

   0.00%         21,884        8.81         192,878        4.04    -13.79%

2021

   0.00%         25,401       10.22         259,700        1.62    10.85%

2020

   0.00%         32,378        9.22         298,621        1.56     2.21%

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Discovery Value Portfolio: Class A (ALVSVA)

2024

   0.00%         140,245       38.85         5,448,997        0.88    10.02%

2023

   0.00%         144,681       35.31         5,109,396        1.07    17.18%

2022

   0.00%         146,094       30.14         4,402,896        1.10    -15.63%

2021

   0.00%         146,705       35.72         5,240,302        0.78    35.95%

2020

   0.00%         157,186       26.27         4,130,044        1.05     3.37%

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

2024

   0.00%         378       10.62         4,013        0.64     9.72%

2023

   0.00%         336        9.68         3,248        0.00    16.86%

Advisors Preferred Trust - Gold Bullion Strategy Portfolio (APTGBS)

2024

   0.00%         8,281       13.07         108,275        1.41    24.34%

2023

   0.00%         2,033       10.52         21,382        0.21    10.51%

Alger Capital Appreciation Portfolio - Class I2 Shares (ALCAI2)

2024

   0.00%         4,530       12.77         57,830        0.00    48.13%

2023

   0.00%         514        8.62         4,430        0.00    43.13%

2022

   0.00%         34        6.02         205        0.00    -36.52%****

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

2024

   0.00%         26,938       58.20         1,567,833        0.00    18.70%

2023

   0.00%         30,697       49.03         1,505,106        0.00     4.11%

2022

   0.00%         31,585       47.10         1,487,565        0.00    -34.42%

2021

   0.00%         31,412       71.82         2,255,942        0.00     7.64%

2020

   0.00%         34,815       66.72         2,322,861        0.00    57.78%

ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III (AAEIP3)

2024

   0.00%         6,302       17.44         109,933        11.05    40.60%

2023

   0.00%         97       12.41         1,199        2.97    13.91%

American Funds Insurance Series(R) - Growth Fund: Class 1 (AFGF)

2024

   0.00%         71,096       14.90         1,059,367        1.02    31.96%

2023

   0.00%         821       11.29         9,273        0.00    12.92%****

American Funds Insurance Series(R) - Asset Allocation Fund: Class 2 (AMVAA2)

2024

   0.00%         583,821       12.65         7,382,581        4.02    16.44%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2023

   0.00%         3,249       10.86         35,287        0.00     8.60%****

American Funds Insurance Series(R) - Asset Allocation Fund: Class 4 (AMVAA4)

2024

   0.00%         89       11.47         1,021        2.13    16.11%

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 4 (AMVBC4)

2024

   0.00%         360,132       13.11         4,719,906        1.75    18.85%

2023

   0.00%         192,164       11.03         2,119,022        2.42    16.97%

2022

   0.00%         65,727        9.43         619,619        2.68     -1.03%****

American Funds Insurance Series(R) - The Bond Fund of America: Class 4 (AMVBD4)

2024

   0.00%         10,634        9.18         97,574        4.46     0.98%

2023

   0.00%         1,793        9.09         16,295        13.06     4.72%

2022

   0.00%         125        8.68         1,085        0.00    -12.75%****

American Funds Insurance Series(R) - Global Growth Fund: Class 1 (AMVGG1)

2024

   0.00%         20,982       12.54         263,130        3.12    13.94%

American Funds Insurance Series(R) - Growth-Income Fund: Class 1 (AMVGI1)

2024

   0.00%         78,791       13.80         1,086,940        2.43    24.54%

2023

   0.00%         420       11.08         4,654        0.00    10.77%****

American Funds Insurance Series(R) - Growth-Income Fund: Class 4 (AMVGI4)

2024

   0.00%         11,135       13.10         145,922        0.94    23.92%

2023

   0.00%         9,618       10.58         101,709        1.61    25.82%

2022

   0.00%         2,297        8.40         19,305        0.90    -16.71%****

American Funds Insurance Series(R) - Growth Fund: Class 4 (AMVGR4)

2024

   0.00%         24,964       12.22         305,016        0.18    31.30%

2023

   0.00%         6,950        9.31         64,673        0.20    38.14%

2022

   0.00%         159        6.74         1,071        0.00    -30.11%****

American Funds Insurance Series(R) - Global Small Capitalization Fund: Class 4 (AMVGS4)

2024

   0.00%         18,908        7.66         144,927        0.73     2.12%

2023

   0.00%         6,973        7.51         52,341        0.02    15.79%

American Funds Insurance Series(R) - U.S. Government Securities Fund: Class 2 (AMVGV2)

2024

   0.00%         75,474       10.14         765,265        2.34     0.75%

2023

   0.00%         7,496       10.06         75,444        5.45     0.64%****

American Funds Insurance Series(R) - International Fund: Class 4 (AMVI4)

2024

   0.00%         14,015        8.97         125,674        1.13     2.93%

2023

   0.00%         10,344        8.71         90,113        1.81    15.56%

2022

   0.00%         144        7.54         1,086        0.00    -21.02%****

American Funds Insurance Series(R) - New World Fund: Class 1 (AMVNW1)

2024

   0.00%         5,817       11.57         67,323        4.82     6.86%

American Funds Insurance Series(R) - New World Fund: Class 2 (AMVNW2)

2024

   0.00%         322,865       15.22         4,912,816        1.46     6.56%

2023

   0.00%         289,193       14.28         4,129,705        1.55    16.00%

2022

   0.00%         253,611       12.31         3,122,188        1.60    -22.10%

2021

   0.00%         127,914       15.80         2,021,382        0.94     4.92%

2020

   0.00%         89,545       15.06         1,348,673        0.07    23.58%

American Funds Insurance Series(R) - New World Fund: Class 4 (AMVNW4)

2024

   0.00%         38,294        9.24         354,023        1.26     6.33%

2023

   0.00%         37,890        8.69         329,433        2.30    15.67%

2022

   0.00%         1,713        7.52         12,876        0.79    -22.25%****

American Funds Insurance Series(R) - Washington Mutual Investors Fund: Class 1 (AMVWM1)

2024

   0.00%         73,493       13.05         959,103        3.88    19.40%

2023

   0.00%         431       10.93         4,706        0.00     9.30%****

Pioneer Variable Contracts Trust - Pioneer Bond VCT Portfolio: Class II (PIVB2)

2023

   0.00%         796        9.08         7,222        2.84     6.70%

Pioneer Variable Contracts Trust - Pioneer Mid Cap Value VCT Portfolio: Class II (PIVMV2)

2024

   0.00%         20,501       11.85         242,945        1.76    10.64%

2023

   0.00%         12,889       10.71         138,048        1.83    12.20%

2022

   0.00%         1,035        9.55         9,880        0.00     -5.89%****

Pioneer Variable Contracts Trust - Pioneer Strategic Income VCT Portfolio: Class II (PIVSI2)

2024

   0.00%         822        9.74         8,006        4.05     3.86%

2023

   0.00%         407        9.38         3,823        3.52     8.07%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class I (BRVGA1)

2024

   0.00%                  752,732       20.81                  15,660,795        1.37     9.23%

2023

   0.00%         767,303       19.05         14,614,553        2.29    12.83%

2022

   0.00%         764,997       16.88         12,913,989        0.00    -15.86%

2021

   0.00%         774,880       20.06         15,546,250        0.92     6.67%

2020

   0.00%         765,348       18.81         14,394,320        1.28    21.01%

BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III (BRVHY3)

2024

   0.00%         34,770       10.91         379,257        6.60     7.85%

2023

   0.00%         32,065       10.11         324,276        5.73    12.94%

2022

   0.00%         594        8.95         5,319        3.78    -10.56%****

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

2024

   0.00%         438,309       14.41         6,315,976        6.74     8.26%

2023

   0.00%         351,290       13.31         4,675,629        6.55    13.21%

2022

   0.00%         383,258       11.76         4,505,954        5.15    -10.35%

2021

   0.00%         299,196       13.11         3,923,728        4.35     5.34%

2020

   0.00%         201,810       12.45         2,512,430        4.76     7.27%

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class I (BRVTR1)

2024

   0.00%         35,851       10.75         385,378        3.74     1.38%

2023

   0.00%         2       10.60         23        0.00     6.02%****

BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III (BRVTR3)

2024

   0.00%         16,430        9.08         149,159        3.94     1.14%

2023

   0.00%         7,218        8.98         64,789        3.09     5.42%

2022

   0.00%         692        8.51         5,892        1.57    -14.28%****

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

2024

   0.00%         54,689       28.16         1,539,945        1.23     9.09%

2023

   0.00%         56,959       25.81         1,470,279        2.07    12.60%

2022

   0.00%         61,279       22.93         1,404,832        0.00    -15.99%

2021

   0.00%         62,887       27.29         1,716,048        0.77     6.55%

2020

   0.00%         65,109       25.61         1,667,468        1.11    20.80%

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III (MLVGA3)

2024

   0.00%         4,518       10.13         45,773        1.69     8.93%

2023

   0.00%         870        9.30         8,094        0.63    12.49%

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

2020

   0.00%         55,964       43.13         2,413,926        0.78    23.69%

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

2024

   0.00%         403,793       69.26         27,966,252        1.16    24.66%

2023

   0.00%         435,334       55.56         24,186,162        1.43    25.93%

2022

   0.00%         431,074       44.12         19,018,438        1.34    -18.32%

2021

   0.00%         451,317       54.01         24,376,852        1.14    28.41%

2020

   0.00%         473,165       42.06         19,902,389        1.58    18.01%

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

2024

   0.00%         109,237       52.39         5,723,156        1.12     7.96%

2023

   0.00%         115,509       48.53         5,605,630        1.06    15.39%

2022

   0.00%         119,301       42.06         5,017,625        0.92    -16.65%

2021

   0.00%         123,569       50.46         6,235,250        0.69    26.14%

2020

   0.00%         143,928       40.00         5,757,402        1.09    10.64%

Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Small Cap Value Fund: Class 1 (CLSCV1)

2024

   0.00%         3,968       12.54         49,748        0.14     8.87%

2023

   0.00%         201       11.52         2,316        0.00    15.17%****

Columbia Funds Variable Insurance Trust II - Columbia Variable Portfolio - Seligman Global Technology: Class 2 (CLVGT2)

2024

   0.00%         37,808       13.08         494,495        0.00    26.58%

2023

   0.00%         5,072       10.33         52,408        0.00    44.87%

2022

   0.00%         41        7.13         292        0.00    -31.86%****

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Limited Duration Credit Fund: Class 1 (CLVLD1)

2024

   0.00%         3,162       10.82         34,206        1.67     4.75%

Credit Suisse Trust - Commodity Return Strategy Portfolio: Class 1 (CSCRS)

2023

   0.00%         194       10.28         1,992        0.00     -9.11%

Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class (DWVSVS)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2024

   0.00%                  91,808       26.37                  2,420,871        0.99    11.02%

2023

   0.00%         93,128       23.75         2,211,941        0.62     9.10%

2022

   0.00%         96,711       21.77         2,105,537        0.50    -12.36%

2021

   0.00%         104,562       24.84         2,597,399        0.64    34.01%

2020

   0.00%         136,970       18.54         2,538,867        1.08     -2.18%

DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class (DFVEA)

2024

   0.00%         166,187       11.94         1,984,245        2.77    15.10%

2023

   0.00%         73,977       10.37         767,406        3.05    20.14%

2022

   0.00%         15,408        8.63         133,036        1.92    -13.68%****

DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio (DFVGB)

2024

   0.00%         2,187,100       12.27         26,845,916        5.09     5.38%

2023

   0.00%         2,036,887       11.65         23,724,635        4.01     5.05%

2022

   0.00%         1,904,466       11.09         21,115,329        1.60     -6.33%

2021

   0.00%         1,868,950       11.84         22,122,759        0.78     -1.04%

2020

   0.00%         1,607,313       11.96         19,225,735        0.03     1.46%

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

2024

   0.00%         713,342       17.45         12,448,156        3.29    11.99%

2023

   0.00%         422,036       15.58         6,576,215        2.98    14.72%

2022

   0.00%         324,979       13.58         4,413,949        1.79    -10.96%

2021

   0.00%         363,149       15.25         5,539,353        1.60    14.20%

2020

   0.00%         295,982       13.36         3,953,284        1.38    11.29%

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

2024

   0.00%         515,888       12.07         6,227,610        2.90     1.88%

2023

   0.00%         497,770       11.85         5,897,771        4.11     4.02%

2022

   0.00%         444,633       11.39         5,064,622        9.47    -12.45%

2021

   0.00%         338,091       13.01         4,398,715        5.28     5.58%

2020

   0.00%         223,212       12.32         2,750,608        1.25    11.72%

DFA Investment Dimensions Group Inc. - VA International Small Portfolio (DFVIS)

2024

   0.00%         1,615,684       22.35         36,109,925        3.55     3.82%

2023

   0.00%         1,573,628       21.53         33,876,796        3.28    14.11%

2022

   0.00%         1,528,029       18.87         28,827,358        2.78    -17.64%

2021

   0.00%         1,284,823       22.91         29,431,864        2.65    14.56%

2020

   0.00%         1,254,355       20.00         25,080,927        2.16     9.41%

DFA Investment Dimensions Group Inc. - VA International Value Portfolio (DFVIV)

2024

   0.00%         2,188,868       21.20         46,398,823        4.17     6.62%

2023

   0.00%         2,044,773       19.88         40,652,269        5.00    17.86%

2022

   0.00%         1,959,189       16.87         33,048,578        4.20     -3.46%

2021

   0.00%         1,807,763       17.47         31,586,157        4.23    18.11%

2020

   0.00%         1,700,699       14.79         25,158,296        2.58     -1.76%

DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio (DFVSTF)

2024

   0.00%         2,092,379       11.78         24,642,573        5.11     5.48%

2023

   0.00%         1,920,204       11.16         21,439,067        3.86     4.98%

2022

   0.00%         1,812,290       10.64         19,274,085        1.26     -1.16%

2021

   0.00%         1,916,380       10.76         20,619,547        0.01     -0.19%

2020

   0.00%         1,688,867       10.78         18,206,130        0.59     0.60%

DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio (DFVULV)

2024

   0.00%         1,460,603       37.93         55,406,950        2.10    13.38%

2023

   0.00%         1,474,775       33.46         49,340,795        2.37    10.92%

2022

   0.00%         1,364,540       30.16         41,157,601        2.31     -4.88%

2021

   0.00%         1,315,343       31.71         41,708,326        1.81    27.04%

2020

   0.00%         1,295,368       24.96         32,333,282        2.35     -1.37%

DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio (DFVUTV)

2024

   0.00%         1,051,996       40.23         42,316,956        1.44     8.14%

2023

   0.00%         1,079,629       37.20         40,160,240        1.68    20.03%

2022

   0.00%         986,579       30.99         30,574,058        1.35     -4.21%

2021

   0.00%         954,848       32.35         30,892,360        1.49    39.68%

2020

   0.00%         1,015,289       23.16         23,516,424        1.81     3.98%

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


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2024

   0.00%                  649,972       17.23                  11,199,080        3.36     9.10%

2023

   0.00%         570,591       15.79         9,011,191        3.02    14.89%

2022

   0.00%         452,861       13.75         6,224,838        2.69    -14.98%

2021

   0.00%         313,589       16.17         5,070,036        2.08    10.95%

2020

   0.00%         208,291       14.57         3,035,107        2.86     8.28%

Deutsche DWS Variable Series I - DWS Capital Growth VIP: Class A (DSVCGA)

2024

   0.00%         313,869       30.35         9,524,904        0.18    26.62%

2023

   0.00%         246,208       23.97         5,900,961        0.07    38.57%

2022

   0.00%         197,542       17.30         3,416,617        0.08    -30.74%

2021

   0.00%         129,908       24.97         3,243,957        0.18    22.78%

2020

   0.00%         73,954       20.34         1,504,121        0.41    39.04%

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

2024

   0.00%         30,630       19.80         606,485        2.96     3.89%

2023

   0.00%         30,969       19.06         590,261        2.74     6.14%

2022

   0.00%         32,738       17.96         587,892        2.54     -9.28%

2021

   0.00%         28,072       19.79         555,645        2.43     -1.40%

2020

   0.00%         31,213       20.07         626,560        2.89     8.12%

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 (FB2)

2024

   0.00%         17,164       11.43         196,208        1.67    15.63%

2023

   0.00%         9,624        9.89         95,144        1.24    21.23%

Fidelity Variable Insurance Products Fund - VIP Contrafund(R) Portfolio: Service Class 2 (FC2)

2024

   0.00%         13,725       13.12         180,088        0.03    33.45%

2023

   0.00%         7,960        9.83         78,265        0.38    33.12%

2022

   0.00%         1,253        7.39         9,255        0.29    -26.49%****

Fidelity Variable Insurance Products Fund - VIP Contrafund(R)Portfolio: Initial Class (FCP)

2024

   0.00%         31,103       14.56         452,724        0.39    33.79%

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

2024

   0.00%         1,461,029       24.29         35,486,078        0.10    33.63%

2023

   0.00%         1,072,318       18.18         19,489,895        0.45    33.34%

2022

   0.00%         867,405       13.63         11,823,657        0.46    -26.38%

2021

   0.00%         667,616       18.52         12,361,622        0.04    27.71%

2020

   0.00%         450,346       14.50         6,529,409        0.16    30.43%

Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio: Service Class 2 (FDSCS2)

2024

   0.00%         36,833       10.76         396,234        2.25    16.57%

2023

   0.00%         220        9.23         2,035        0.59    20.67%

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class (FEIS)

2024

   0.00%         311,853       44.04         13,733,205        1.72    15.24%

2023

   0.00%         320,173       38.21         12,234,476        1.87    10.53%

2022

   0.00%         328,390       34.57         11,352,587        1.83     -5.09%

2021

   0.00%         328,816       36.42         11,976,681        1.86    24.83%

2020

   0.00%         295,420       29.18         8,620,144        1.76     6.55%

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

2024

   0.00%         852,263       13.26         11,299,469        1.41     9.87%

2023

   0.00%         726,709       12.07         8,769,077        2.27     9.61%

2022

   0.00%         607,379       11.01         6,686,608        1.81    -20.26%

2021

   0.00%         471,434       13.81         6,508,570        2.41     -2.28%

2020

   0.00%         264,410       14.13         3,735,702        0.87    31.17%

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

2024

   0.00%         55,836       27.77         1,550,732        3.47     5.26%

2023

   0.00%         58,858       26.38         1,552,945        3.76     9.28%

2022

   0.00%         61,028       24.15         1,473,539        2.08    -13.57%

2021

   0.00%         64,020       27.94         1,788,407        0.95     5.79%

2020

   0.00%         65,894       26.41         1,739,973        1.20    12.39%

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

2024

   0.00%         108,147       32.79         3,545,997        2.79     7.55%

2023

   0.00%         116,912       30.49         3,564,262        3.13    12.34%

2022

   0.00%         121,493       27.14         3,297,109        2.02    -15.83%

2021

   0.00%         123,004       32.24         3,965,895        1.07     9.47%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%                  100,177       29.45                  2,950,573        1.14    14.92%

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

2024

   0.00%         296,875       38.60         11,458,194        2.20     9.34%

2023

   0.00%         299,448       35.30         10,569,963        2.38    14.56%

2022

   0.00%         308,760       30.81         9,513,825        1.85    -16.94%

2021

   0.00%         314,208       37.10         11,656,900        1.02    12.24%

2020

   0.00%         308,413       33.05         10,194,079        1.23    16.76%

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)

2024

   0.00%         93,062       13.04         1,213,965        0.00    30.07%

2023

   0.00%         36,554       10.03         366,586        0.00    35.89%

2022

   0.00%         7        7.38         52        0.63    -24.64%****

Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class 2 (FGO2)

2024

   0.00%         5,795       11.54         66,847        0.00    38.56%

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

2024

   0.00%         27,825       14.52         403,982        0.00    30.39%

2023

   0.00%         874       11.13         9,734        0.01    11.35%****

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class (FGS)

2024

   0.00%         1,119,756       97.99         109,730,277        0.00    30.27%

2023

   0.00%         1,001,594       75.23         75,347,140        0.04    36.09%

2022

   0.00%         887,957       55.28         49,082,343        0.52    -24.52%

2021

   0.00%         876,545       73.24         64,193,855        0.00    23.08%

2020

   0.00%         763,199       59.50         45,411,207        0.06    43.75%

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Initial Class (FIGBP)

2024

   0.00%         19,354       10.80         209,032        5.37     1.79%

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 (FIGBP2)

2024

   0.00%         13,335        9.29         123,817        3.80     1.50%

2023

   0.00%         7,648        9.15         69,965        3.20     6.00%

2022

   0.00%         3,924        8.63         33,864        2.23    -13.21%****

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

2024

   0.00%         457,194       18.81         8,599,726        3.52     1.62%

2023

   0.00%         417,212       18.51         7,722,259        2.85     6.12%

2022

   0.00%         368,895       17.44         6,434,165        2.22    -13.03%

2021

   0.00%         390,307       20.05         7,827,146        1.98     -0.72%

2020

   0.00%         353,680       20.20         7,144,321        2.28     9.25%

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 (FMC2)

2024

   0.00%         34,003       11.24         382,305        0.97    17.18%

2023

   0.00%         1,846        9.60         17,709        0.56    14.80%

2022

   0.00%         454        8.36         3,795        0.53    -14.97%****

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

2024

   0.00%         200,425       60.44         12,114,642        0.47    17.35%

2023

   0.00%         207,578       51.51         10,691,585        0.52    15.00%

2022

   0.00%         214,913       44.79         9,625,296        0.40    -14.85%

2021

   0.00%         244,040       52.60         12,836,592        0.52    25.51%

2020

   0.00%         257,638       41.91         10,797,837        0.56    18.04%

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

2024

   0.00%         401,908       29.82         11,984,646        2.12     4.02%

2023

   0.00%         407,668       28.67         11,686,543        2.40     0.70%

2022

   0.00%         432,290       28.47         12,306,164        2.22    62.87%

2021

   0.00%         469,829       17.48         8,212,104        2.29    54.83%

2020

   0.00%         568,083       11.29         6,413,237        2.75    -32.88%

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

2024

   0.00%         597,572       16.69         9,976,285        1.69     4.95%

2023

   0.00%         537,619       15.91         8,551,696        1.05    20.41%

2022

   0.00%         446,760       13.21         5,901,956        1.09    -24.58%

2021

   0.00%         350,086       17.52         6,132,392        0.42    19.57%

2020

   0.00%         389,820       14.65         5,710,663        0.36    15.49%

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

2024

   0.00%         417,209       13.17         5,496,292        4.10     6.38%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2023

   0.00%                  423,044       12.38                  5,239,151        2.50    11.09%

2022

   0.00%         375,811       11.15         4,189,647        1.39    -27.62%

2021

   0.00%         323,139       15.40         4,976,830        1.12    38.86%

2020

   0.00%         230,628       11.09         2,557,992        2.35     -6.61%

Fidelity Variable Insurance Products Fund - VIP Floating Rate High Income Portfolio: Initial Class (FVFRHI)

2023

   0.00%         56       10.78         600        27.22     7.82%****

Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation Portfolio: Service Class 2 (FVICA2)

2024

   0.00%         16,348        9.91         162,009        1.05     7.92%

2023

   0.00%         1,736        9.18         15,939        0.17    27.18%

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

2024

   0.00%         259       51.43         13,319        0.94     9.27%

2023

   0.00%         259       47.06         12,173        1.11    20.77%

2022

   0.00%         272       38.97         10,599        1.02     -7.19%

2021

   0.00%         303       41.99         12,723        1.47    33.48%

2020

   0.00%         325       31.46         10,224        1.22     8.18%

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 (FVSS2)

2024

   0.00%         103,885       12.76         1,326,006        0.90     9.16%

2023

   0.00%         73,314       11.69         857,257        1.21    20.61%

2022

   0.00%         21,077        9.70         204,343        1.40     -3.05%****

First Eagle Variable Funds - Overseas Variable Fund (FEOVF)

2024

   0.00%         6,253       10.62         66,408        2.42     6.10%

2023

   0.00%         2,617       10.01         26,191        0.00    10.08%

2022

   0.00%         114        9.09         1,037        0.00     -8.17%****

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

2024

   0.00%         26,363       13.94         367,383        3.83     7.67%

2023

   0.00%         25,747       12.94         333,250        2.15    12.62%

2022

   0.00%         26,712       11.49         306,994        2.61    -21.98%

2021

   0.00%         26,242       14.73         386,574        0.87     -5.74%

2020

   0.00%         23,110       15.63         361,166        4.18    17.18%

Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 1 (FTVFA1)

2024

   0.00%         24,913       23.79         592,628        2.29     9.33%

2023

   0.00%         25,564       21.76         556,181        1.70    14.77%

2022

   0.00%         23,328       18.96         442,242        2.00    -15.68%

2021

   0.00%         24,697       22.48         555,243        1.90    11.81%

2020

   0.00%         24,760       20.11         497,851        1.77    12.19%

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

2024

   0.00%         57,175       23.32         1,333,559        1.90     9.15%

2023

   0.00%         67,575       21.37         1,444,001        1.44    14.61%

2022

   0.00%         68,225       18.64         1,272,019        1.63    -16.00%

2021

   0.00%         68,897       22.20         1,529,220        1.72    11.68%

2020

   0.00%         69,652       19.87         1,384,263        1.47    11.74%

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)

2024

   0.00%         389,093        9.38         3,650,721        0.00    -11.13%

2023

   0.00%         387,008       10.56         4,085,807        0.00     3.19%

2022

   0.00%         403,802       10.23         4,131,161        0.00     -4.85%

2021

   0.00%         428,387       10.75         4,605,982        0.00     -4.62%

2020

   0.00%         474,728       11.27         5,351,693        8.36     -5.07%

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

2024

   0.00%         88,970        8.21         730,748        0.00    -11.37%

2023

   0.00%         82,608        9.27         765,540        0.00     2.88%

2022

   0.00%         88,564        9.01         797,725        0.00     -4.95%

2021

   0.00%         92,717        9.48         878,628        0.00     -4.99%

2020

   0.00%         99,586        9.97         993,316        8.48     -5.28%

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 1 (FTVIS1)

2024

   0.00%         212,972       21.90         4,663,831        5.09     7.46%

2023

   0.00%         219,388       20.38         4,470,856        5.12     8.87%

2022

   0.00%         227,697       18.72         4,262,068        5.09     -5.24%

2021

   0.00%         229,740       19.75         4,537,939        4.58    17.00%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

     

Contract Expense

Rate*

  

        

   Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%                  213,049       16.88                  3,596,642        6.00     0.97%

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

2024

   0.00%         16,367       28.72         470,144        5.18     7.20%

2023

   0.00%         17,010       26.79         455,779        4.57     8.62%

2022

   0.00%         24,446       24.67         603,019        4.89     -5.47%

2021

   0.00%         26,436       26.10         689,869        4.65    16.75%

2020

   0.00%         27,159       22.35         607,032        5.73     0.69%

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 1 (FTVMD1)

2024

   0.00%         89,982       10.30         927,246        2.12     3.05%****

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

2020

   0.00%         1,015       41.19         41,808        1.35    16.23%

Franklin Templeton Variable Insurance Products Trust - Franklin Small-Mid Cap Growth VIP Fund: Class 1 (FTVSC1)

2024

   0.00%         3,188       11.08         35,321        0.00    10.79%****

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

2024

   0.00%         63,587       50.72         3,225,065        1.10    12.01%

2023

   0.00%         67,628       45.28         3,062,216        0.74    13.02%

2022

   0.00%         72,766       40.06         2,915,257        1.22     -9.82%

2021

   0.00%         76,985       44.42         3,419,989        1.12    25.67%

2020

   0.00%         83,440       35.35         2,949,607        1.71     5.41%

Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 1 (FTVUG1)

2024

   0.00%         26,034       10.41         270,887        0.00     4.05%****

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

2024

   0.00%         48,452       11.05         535,572        2.38     -1.00%

2023

   0.00%         51,630       11.17         576,451        3.46    20.76%

2022

   0.00%         46,421        9.25         429,205        3.02     -7.61%

2021

   0.00%         51,135       10.01         511,707        1.89     4.16%

2020

   0.00%         62,081        9.61         596,441        3.51     -1.16%

Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares (GVGMNS)

2024

   0.00%         6,992       18.30         127,943        3.18    11.76%

2023

   0.00%         6,926       16.37         113,396        1.71    15.57%

2022

   0.00%         7,798       14.17         110,474        0.00    -19.16%

2021

   0.00%         6,788       17.53         118,961        0.00    16.17%

2020

   0.00%         6,536       15.09         98,599        0.29     4.11%

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

2024

   0.00%         44,994       12.02         540,751        2.58     3.29%

2023

   0.00%         47,031       11.64         547,255        6.52     7.77%

2022

   0.00%         50,299       10.80         543,083        4.07     -6.54%

2021

   0.00%         41,081       11.55         474,576        2.27     4.84%

2020

   0.00%         9,141       11.02         100,728        2.38     6.72%

Guggenheim Variable Funds Trust - Series F (Floating Rate Strategies Series) (GVFRB)

2024

   0.00%         6,832       11.79         80,583        7.17     6.83%

2023

   0.00%         2,209       11.04         24,391        2.84    11.12%

Guggenheim Variable Funds Trust - Series E (Total Return Bond) (GVTRBE)

2024

   0.00%         1,436        9.19         13,194        0.00     3.09%

Rydex Variable Trust - Biotechnology Fund (RBF)

2024

   0.00%         6,140        8.64         53,059        0.00     -1.40%

2023

   0.00%         4,286        8.76         37,569        0.00     5.53%

Rydex Variable Trust - Banking Fund (RBKF)

2024

   0.00%         4,375       10.05         43,978        0.00    23.11%

Rydex Variable Trust - Electronics Fund (RELF)

2024

   0.00%         5,573       12.32         68,640        0.00    16.13%

2023

   0.00%         109       10.60         1,158        0.00    54.75%

Rydex Variable Trust - Energy Services Fund (RESF)

2024

   0.00%         159       11.74         1,866        0.00     -7.90%

2023

   0.00%         121       12.75         1,547        0.00     4.44%

Rydex Variable Trust - Health Care Fund (RHCF)

2024

   0.00%         608        9.46         5,750        0.00     0.14%

2023

   0.00%         40        9.44         378        0.00     5.03%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units      Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

Rydex Variable Trust - High Yield Strategy Fund (RHYS)

2023

   0.00%         204       9.92         2,023        0.00    12.69%

Rydex Variable Trust - Internet Fund (RINF)

2024

   0.00%         847       8.95         7,583        0.00    23.40%

2022

   0.00%         2,353       4.92         11,581        0.00    -44.84%****

Rydex Variable Trust - NASDAQ-100(R) Fund (ROF)

2024

   0.00%         4,797      12.45         59,720        0.30    23.91%

2023

   0.00%         821      10.05         8,248        0.00    53.22%

Rydex Variable Trust - Precious Metals Fund (RPMF)

2024

   0.00%         842       9.83         8,284        0.31     8.12%

2023

   0.00%         121       9.10         1,105        0.09     3.83%

Rydex Variable Trust - Real Estate Fund (RREF)

2024

   0.00%         391       8.72         3,407        0.00     5.03%

Rydex Variable Trust - Technology Fund (RTEC)

2024

   0.00%         4,449      11.51         51,194        0.00    23.97%

2023

   0.00%         338       9.28         3,136        0.00    49.01%

2022

   0.00%         12       6.23         75        0.00    -36.25%****

Rydex Variable Trust - Telecommunications Fund (RTEL)

2024

   0.00%         4,916       9.11         44,787        0.08    15.73%

2023

   0.00%         47       7.87         368        0.00     6.30%

Rydex Variable Trust - Transportation Fund (RTRF)

2024

   0.00%         67       7.79         525        0.22     1.56%

2023

   0.00%         35       7.67         269        0.00    24.49%

Rydex Variable Trust - Utilities Fund (RUTL)

2024

   0.00%         4,327      11.94         51,673        0.31    19.86%

Rydex Variable Trust - Multi-Hedge Strategies Fund (RVARS)

2024

   0.00%         81,287      12.36         1,004,423        5.09     -3.66%

2023

   0.00%         89,916      12.83         1,153,252        2.83     4.37%

2022

   0.00%         93,779      12.29         1,152,453        1.18     -3.40%

2021

   0.00%         86,802      12.72         1,104,243        0.00     8.10%

2020

   0.00%         74,972      11.77         882,247        1.29     7.39%

Rydex Variable Trust - S&P 500 Pure Growth Fund (RVLCG)

2024

   0.00%         1,143       9.39         10,738        0.09    26.67%

2023

   0.00%         541       7.42         4,016        0.00     6.47%

Rydex Variable Trust - S&P 500 Pure Value Fund (RVLCV)

2024

   0.00%         837      11.44         9,574        1.34    10.84%

2023

   0.00%         386      10.32         3,988        0.00     6.29%

Rydex Variable Trust - S&P MidCap 400 Pure Value Fund (RVMCV)

2024

   0.00%         352      12.41         4,374        0.01     4.42%

2023

   0.00%         7      11.89         83        0.00    27.83%

Rydex Variable Trust - Global Managed Futures Fund (RVMFU)

2024

   0.00%         5,040      11.38         57,374        3.34     0.37%

2023

   0.00%         43      11.34         490        0.00     3.80%

Rydex Variable Trust - S&P SmallCap 600 Pure Growth Fund (RVSCG)

2024

   0.00%         1,965       8.37         16,450        0.00     8.19%

Rydex Variable Trust - S&P SmallCap 600 Pure Value Fund (RVSCV)

2024

   0.00%         610      10.63         6,481        0.00     3.74%

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

2024

   0.00%         3,399      55.72         189,361        0.00    34.89%

2023

   0.00%         3,374      41.31         139,357        0.00    40.93%

2022

   0.00%         3,412      29.31         100,007        0.00    -31.11%

2021

   0.00%         3,417      42.55         145,388        0.00    11.93%

2020

   0.00%         820      38.01         31,172        0.08    42.35%

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

2024

   0.00%         13,343      29.09         388,121        0.33    17.07%

2023

   0.00%         13,930      24.85         346,120        0.30    14.47%

2022

   0.00%         13,437      21.71         291,670        0.33    -14.26%

2021

   0.00%         16,067      25.32         406,762        0.51    23.24%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%         16,806      20.54         345,227        0.67     9.25%

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

2024

   0.00%         1,007,440      15.02         15,128,607        6.45     3.88%

2023

   0.00%         924,895      14.46         13,370,437        0.00     6.63%

2022

   0.00%         842,308      13.56         11,419,026        7.83    -14.35%

2021

   0.00%         714,548      15.83         11,310,265        3.33     9.54%

2020

   0.00%         647,561      14.45         9,356,869        8.47    10.22%

Invesco - Invesco V.I. Core Plus Bond Fund: Series I Shares (IVCPBI)

2024

   0.00%         10,772       9.29         100,095        4.24     3.06%

2023

   0.00%         5,805       9.02         52,341        2.64     6.14%

Invesco - Invesco V.I. Diversified Dividend Fund: Series I Shares (IVDDI)

2024

   0.00%         8,140      12.22         99,512        2.08    13.22%

2023

   0.00%         7,296      10.80         78,773        2.58     9.04%

2022

   0.00%         1,973       9.90         19,536        1.90     -1.68%****

Invesco - Invesco V.I. Global Real Estate Fund: Series I Shares (IVRE)

2024

   0.00%         170       8.30         1,412        2.58     -1.80%

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

2024

   0.00%         39,202      17.13         671,609        0.00    24.23%

2023

   0.00%         40,578      13.79         559,588        0.00    13.15%

2022

   0.00%         43,041      12.19         524,565        0.00    -30.98%

2021

   0.00%         41,386      17.66         730,812        0.00    19.10%

2020

   0.00%         25,773      14.83         382,128        0.00    48.27%****

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

2020

   0.00%         116,043      37.68         4,372,189        1.50    13.94%

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

2024

   0.00%         243,290      38.52         9,372,531        0.00    16.07%

2023

   0.00%         229,635      33.19         7,621,885        0.24    34.73%

2022

   0.00%         217,681      24.63         5,362,486        0.00    -31.76%

2021

   0.00%         194,708      36.10         7,029,432        0.00    15.49%

2020

   0.00%         178,943      31.26         5,593,823        0.70    27.64%

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

2024

   0.00%         702,373      14.01         9,839,364        0.67     -1.67%

2023

   0.00%         661,870      14.25         9,429,509        0.62    21.06%

2022

   0.00%         580,742      11.77         6,834,285        0.00    -27.13%

2021

   0.00%         471,376      16.15         7,612,456        0.00    10.22%

2020

   0.00%         460,143      14.65         6,742,032        1.04    21.50%

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

2024

   0.00%         34,097      12.17         415,024        3.09     3.16%

2023

   0.00%         34,744      11.80         409,951        0.00     8.88%

2022

   0.00%         34,442      10.84         373,229        0.00    -11.46%

2021

   0.00%         33,822      12.24         413,952        3.98     -3.41%

2020

   0.00%         45,398      12.67         575,265        5.94     3.40%

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

2024

   0.00%         138,484      58.97         8,166,600        0.00    12.68%

2023

   0.00%         112,468      52.33         5,885,792        1.22    18.13%

2022

   0.00%         97,187      44.30         4,305,563        0.56    -15.83%

2021

   0.00%         78,232      52.64         4,117,832        0.38    22.55%

2020

   0.00%         69,816      42.95         2,998,581        0.63    19.93%

Ivy Variable Insurance Portfolios - Macquarie VIP Asset Strategy Series: Service Class (WRASP)

2024

   0.00%         525,323      22.69         11,921,088        1.93    12.44%

2023

   0.00%         541,563      20.18         10,930,161        2.13    13.94%

2022

   0.00%         572,243      17.71         10,136,738        1.61    -14.74%

2021

   0.00%         570,013      20.78         11,842,839        1.62    10.44%

2020

   0.00%         586,496      18.81         11,033,225        2.07    13.88%

Ivy Variable Insurance Portfolios - Macquarie VIP Corporate Bond Series: Service Class (WRBDP)

2024

   0.00%         66,837      16.32         1,090,473        3.00     2.45%

2023

   0.00%         57,431      15.93         914,631        2.68     7.17%

2022

   0.00%         59,877      14.86         889,771        2.42    -15.79%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2021

   0.00%         59,357      17.65         1,047,421        1.97     -0.85%

2020

   0.00%         54,657      17.80         972,713        2.43    10.97%

Ivy Variable Insurance Portfolios - Macquarie VIP Balanced Series: Service Class (WRBP)

2024

   0.00%         28,650      34.18         979,176        1.29    15.60%

2023

   0.00%         31,236      29.57         923,542        0.75    16.03%

2022

   0.00%         32,093      25.48         817,793        1.11    -16.06%

2021

   0.00%         30,636      30.36         930,023        0.98    15.97%

2020

   0.00%         30,083      26.18         787,505        1.40    14.11%

Ivy Variable Insurance Portfolios - Macquarie VIP Core Equity Series: Service Class (WRCEP)

2024

   0.00%         32,829      60.59         1,989,011        0.35    25.69%

2023

   0.00%         33,704      48.21         1,624,748        0.38    23.52%

2022

   0.00%         36,215      39.03         1,413,365        0.22    -17.33%

2021

   0.00%         35,217      47.21         1,662,469        0.54    28.94%

2020

   0.00%         37,667      36.61         1,379,032        0.53    21.52%

Ivy Variable Insurance Portfolios - Macquarie VIP Energy Series: Service Class (WRENG)

2024

   0.00%         52,396       8.19         429,329        2.93     -5.60%

2023

   0.00%         48,220       8.68         418,529        3.35     4.02%

2022

   0.00%         48,553       8.34         405,154        2.82    50.47%

2021

   0.00%         59,712       5.55         331,141        1.48    42.00%

2020

   0.00%         66,753       3.91         260,703        2.09    -36.83%

Ivy Variable Insurance Portfolios - Macquarie VIP Natural Resources Series: Service Class (WRGNR)

2024

   0.00%         97,783       7.05         689,258        5.31     -0.58%

2023

   0.00%         94,915       7.09         672,968        2.47     1.59%

2022

   0.00%         97,808       6.98         682,655        1.64    17.78%

2021

   0.00%         122,181       5.93         724,063        1.60    26.68%

2020

   0.00%         122,569       4.68         573,394        2.25    -11.99%

Ivy Variable Insurance Portfolios - Macquarie VIP Growth Series: Service Class (WRGP)

2024

   0.00%         33,227      73.72         2,449,672        0.00    23.90%

2023

   0.00%         36,290      59.51         2,159,451        0.00    37.92%

2022

   0.00%         37,797      43.14         1,630,734        0.00    -27.19%

2021

   0.00%         38,023      59.26         2,253,127        0.00    30.03%

2020

   0.00%         38,644      45.57         1,761,130        0.00    30.55%

Ivy Variable Insurance Portfolios - Macquarie VIP High Income Series: Service Class (WRHIP)

2024

   0.00%         129,976      28.39         3,690,476        6.44     6.19%

2023

   0.00%         132,227      26.74         3,535,383        6.50    11.75%

2022

   0.00%         146,984      23.93         3,516,680        6.60    -10.97%

2021

   0.00%         145,101      26.87         3,899,203        5.78     6.06%

2020

   0.00%         138,235      25.34         3,502,399        7.25     6.03%

Ivy Variable Insurance Portfolios - Macquarie VIP International Core Equity Series: Service Class (WRI2P)

2024

   0.00%         39,780      20.39         811,029        1.26     3.79%

2023

   0.00%         40,021      19.64         786,143        1.58    15.63%

2022

   0.00%         41,333      16.99         702,199        2.24    -14.30%

2021

   0.00%         41,087      19.82         814,501        1.03    14.18%

2020

   0.00%         41,819      17.36         726,079        2.42     7.19%

Ivy Variable Insurance Portfolios - Macquarie VIP Global Growth Series: Service Class (WRIP)

2024

   0.00%         67,218      31.52         2,118,813        1.07    17.08%

2023

   0.00%         35,435      26.92         953,980        0.08    19.99%

2022

   0.00%         37,096      22.44         832,354        0.81    -17.56%

2021

   0.00%         43,856      27.22         1,193,660        0.05    17.86%

2020

   0.00%         45,830      23.09         1,058,339        0.39    20.58%

Ivy Variable Insurance Portfolios - Macquarie VIP Limited-Term Bond Series: Service Class (WRLTBP)

2024

   0.00%         29,242      12.60         368,437        4.52     4.33%

2023

   0.00%         28,014      12.08         338,306        1.69     4.84%

2022

   0.00%         27,541      11.52         317,242        1.16     -4.30%

2021

   0.00%         17,479      12.04         210,386        1.55     -0.49%

2020

   0.00%         14,650      12.10         177,200        3.06     4.14%

Ivy Variable Insurance Portfolios - Macquarie VIP Mid Cap Growth Series: Service Class (WRMCG)

2024

   0.00%         47,948      57.31         2,747,859        0.00     2.20%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2023

   0.00%         53,460      56.07         2,997,688        0.00    19.61%

2022

   0.00%         56,612      46.88         2,653,883        0.00    -30.79%

2021

   0.00%         104,432      67.74         7,073,869        0.00    16.36%

2020

   0.00%         65,426      58.22         3,808,797        0.00    49.00%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Aggressive Series: Service Class (WRPAP)

2024

   0.00%         51,003      35.59         1,815,293        1.16    10.99%

2023

   0.00%         52,198      32.07         1,673,849        5.94    17.46%

2022

   0.00%         57,419      27.30         1,567,540        1.98    -16.68%

2021

   0.00%         57,842      32.77         1,895,277        1.62    18.93%

2020

   0.00%         55,716      27.55         1,534,978        1.43    15.70%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Conservative Series: Service Class (WRPCP)

2024

   0.00%         15,487      23.63         365,908        1.71     8.05%

2023

   0.00%         18,347      21.87         401,205        4.17    12.42%

2022

   0.00%         18,464      19.45         359,165        2.77    -14.00%

2021

   0.00%         18,730      22.62         423,632        1.78    10.18%

2020

   0.00%         17,834      20.53         366,104        1.70    12.67%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive Series: Service Class (WRPMAP)

2024

   0.00%         337,579      32.14         10,848,693        1.47    10.22%

2023

   0.00%         343,779      29.16         10,023,357        5.89    16.43%

2022

   0.00%         339,030      25.04         8,489,879        2.39    -15.83%

2021

   0.00%         339,169      29.75         10,090,397        1.88    16.88%

2020

   0.00%         345,752      25.45         8,800,576        1.73    15.12%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series: Service Class (WRPMAV)

2024

   0.00%         31,026      18.89         586,015        1.22     8.73%

2023

   0.00%         28,313      17.37         491,849        5.27    15.34%

2022

   0.00%         27,811      15.06         418,876        1.84    -13.94%

2021

   0.00%         26,359      17.50         461,322        1.47    15.24%

2020

   0.00%         25,572      15.19         388,352        1.27     9.71%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative Series: Service Class (WRPMCP)

2024

   0.00%         25,689      26.35         676,940        1.54     8.60%

2023

   0.00%         30,485      24.27         739,739        4.80    13.92%

2022

   0.00%         29,887      21.30         636,605        2.79    -14.67%

2021

   0.00%         37,297      24.96         930,974        1.99    12.37%

2020

   0.00%         35,370      22.21         785,679        1.83    13.52%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series: Service Class (WRPMCV)

2024

   0.00%         48      16.50         798        1.26     7.07%

2023

   0.00%         50      15.41         766        4.25    12.61%

2022

   0.00%         52      13.69         712        4.98    -12.74%

2021

   0.00%         54      15.68         847        1.57    10.72%

2020

   0.00%         56      14.17         793        1.81     9.61%****

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate - Managed Volatility Series: Service Class (WRPMMV)

2024

   0.00%         21,426      17.71         379,389        1.34     7.92%

2023

   0.00%         20,867      16.41         342,386        4.66    14.02%

2022

   0.00%         20,602      14.39         296,479        2.97    -13.17%

2021

   0.00%         20,507      16.57         339,859        1.58    12.99%

2020

   0.00%         20,355      14.67         298,559        1.35     9.07%

Ivy Variable Insurance Portfolios - Macquarie VIP Pathfinder Moderate Series: Service Class (WRPMP)

2024

   0.00%         217,138      29.06         6,309,868        1.55     9.27%

2023

   0.00%         229,043      26.59         6,091,083        5.47    15.28%

2022

   0.00%         235,282      23.07         5,427,458        2.56    -15.22%

2021

   0.00%         240,213      27.21         6,535,894        1.94    14.66%

2020

   0.00%         236,176      23.73         5,604,502        1.80    14.35%

Ivy Variable Insurance Portfolios - Macquarie VIP Small Cap Growth Series: Service Class (WRSCP)

2024

   0.00%         39,603      35.10         1,390,160        0.00    14.26%

2023

   0.00%         42,438      30.72         1,303,757        0.00    13.04%

2022

   0.00%         42,833      27.18         1,164,133        0.00    -26.77%

2021

   0.00%         40,307      37.11         1,495,891        0.93     3.99%

2020

   0.00%         42,296      35.69         1,509,499        0.00    37.66%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

Ivy Variable Insurance Portfolios - Macquarie VIP Smid Cap Core Series: Service Class (WRSCV)

2024

   0.00%         10,983      43.12         473,643        0.29    14.26%

2023

   0.00%         10,323      37.74         389,627        0.21    15.66%

2022

   0.00%         10,880      32.63         355,037        0.00    -14.81%

2021

   0.00%         11,135      38.30         426,517        0.00    20.78%

2020

   0.00%         12,225      31.71         387,701        0.00     7.02%

Ivy Variable Insurance Portfolios - Macquarie VIP Science and Technology Series: Service Class (WRSTP)

2024

   0.00%         42,681      82.90         3,538,447        0.00    30.59%

2023

   0.00%         45,936      63.48         2,916,149        0.00    39.06%

2022

   0.00%         47,081      45.65         2,149,285        0.00    -31.84%

2021

   0.00%         46,831      66.98         3,136,556        0.00    15.17%

2020

   0.00%         49,214      58.16         2,862,093        0.00    35.36%

Ivy Variable Insurance Portfolios - Macquarie VIP Value Series: Service Class (WRVP)

2024

   0.00%         16,270      39.99         650,590        1.48     6.47%

2023

   0.00%         16,229      37.56         609,538        1.50     8.35%

2022

   0.00%         17,013      34.66         589,713        1.35     -5.00%

2021

   0.00%         15,448      36.49         563,626        1.86    31.18%

2020

   0.00%         16,216      27.81         451,030        1.92     1.98%

Janus Aspen Series - Janus Henderson Balanced Portfolio: Institutional Shares (JABIN)

2024

   0.00%         974      11.24         10,957        2.23    15.43%

2023

   0.00%         769       9.74         7,494        2.50    15.41%

2022

   0.00%         258       8.44         2,178        0.00    -16.40%****

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

2024

   0.00%         73,194      85.44         6,253,394        0.01    28.14%

2023

   0.00%         78,650      66.68         5,244,018        0.13    39.65%

2022

   0.00%         79,669      47.74         3,803,695        0.05    -33.73%

2021

   0.00%         87,902      72.04         6,332,634        0.00    22.60%

2020

   0.00%         98,560      58.76         5,791,532        0.17    39.03%

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

2024

   0.00%         429,704      25.11         10,791,658        0.75    15.61%

2023

   0.00%         357,626      21.72         7,769,022        0.18    18.07%

2022

   0.00%         305,321      18.40         5,617,586        0.20    -15.94%

2021

   0.00%         291,545      21.89         6,381,321        0.32    16.83%

2020

   0.00%         299,681      18.73         5,614,463        0.08    19.47%

Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS)

2024

   0.00%         5,110       9.17         46,842        4.39     1.63%

2023

   0.00%         4,081       9.02         36,810        4.83     5.29%

Janus Aspen Series - Janus Henderson Global Sustainable Equity Portfolio: Institutional Shares (JAGSEI)

2024

   0.00%         16,454      12.44         204,651        0.24    11.06%

2023

   0.00%         9,306      11.20         104,214        0.79    11.99%****

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

2024

   0.00%         914,474      85.14         77,856,874        0.00    31.76%

2023

   0.00%         873,878      64.62         56,468,476        0.00    54.27%

2022

   0.00%         757,696      41.89         31,736,245        0.00    -37.12%

2021

   0.00%         616,779      66.61         41,086,560        0.11    17.75%

2020

   0.00%         532,999      56.58         30,154,506        0.00    50.73%

Janus Aspen Series - Janus Henderson Overseas Portfolio: Institutional Shares (JAIG)

2024

   0.00%         2,178      11.33         24,679        1.78     5.84%

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

2024

   0.00%         250,363      16.84         4,215,543        1.43     5.58%

2023

   0.00%         189,930      15.95         3,029,053        1.42    10.58%

2022

   0.00%         189,061      14.42         2,726,602        1.70     -8.84%

2021

   0.00%         192,456      15.82         3,044,569        1.00    13.29%

2020

   0.00%         210,839      13.96         2,944,071        1.23    16.02%

Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares (JAMGS)

2024

   0.00%         883,628      23.23         20,527,362        0.63    15.32%

2023

   0.00%         648,449      20.14         13,062,558        0.11    17.78%

2022

   0.00%         464,632      17.10         7,947,076        0.08    -16.15%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2021

   0.00%         317,751      20.40         6,481,562        0.23    16.54%

2020

   0.00%         208,957      17.50         3,657,363        0.00    19.18%

Janus Aspen Series - Janus Henderson Global Research Portfolio: Service Shares (JAWGS)

2024

   0.00%         7,153      11.27         80,586        0.14    12.65%****

Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Institutional Shares (JMCVIN)

2024

   0.00%         1,576      12.02         18,945        0.97    13.11%

2023

   0.00%         1,105      10.63         11,741        1.31    11.40%

2022

   0.00%         393       9.54         3,750        1.40     -5.56%****

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I (LPVCII)

2024

   0.00%         116,770      11.34         1,324,245        2.29    13.41%****

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Large Cap Growth Portfolio: Class I (LVCLGI)

2024

   0.00%         123,760      12.31         1,523,916        0.00    27.89%

2023

   0.00%         673       9.63         6,483        0.00    44.02%

2022

   0.00%         213       6.69         1,424        0.00    -32.24%****

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class I (SBVSG)

2024

   0.00%         1,345      12.15         16,346        0.00     4.50%

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class II (SBVSG2)

2024

   0.00%         39,114       7.45         291,556        0.00     4.23%

2023

   0.00%         16,451       7.15         117,645        0.00     8.12%

2022

   0.00%         30       6.61         198        0.00    -29.01%****

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Standard Class II (LACIP2)

2024

   0.00%         1,130,136      10.34         11,685,476        3.51     3.40%****

Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Service Class (LACIPS)

2024

   0.00%         47,257      10.33         488,149        3.55     3.30%****

Lincoln Variable Insurance Products Trust - LVIP American Century Mid Cap Value Fund: Standard Class II (LACMV2)

2024

   0.00%         386,821      10.68         4,132,430        2.09     6.83%****

Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC (LOVBD)

2024

   0.00%         1,216       9.79         11,902        8.05     6.72%

2023

   0.00%         59       9.17         539        24.30     6.55%

2022

   0.00%         1       8.61         9        4.65    -12.80%****

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

2024

   0.00%         1,964,085      11.27         22,142,468        5.73     2.66%

2023

   0.00%         1,299,977      10.98         14,276,106        5.55     6.34%

2022

   0.00%         801,901      10.33         8,281,623        4.19    -14.05%

2021

   0.00%         507,902      12.02         6,102,634        2.26     -0.24%

2020

   0.00%         395,653      12.04         4,765,578        3.10     7.43%

M Fund, Inc. - M International Equity Fund (MFBIE)

2024

   0.00%         216,075      13.16         2,842,695        3.11     3.96%

2023

   0.00%         195,479      12.66         2,473,867        2.99    16.00%

2022

   0.00%         207,736      10.91         2,266,272        2.77    -14.16%

2021

   0.00%         203,014      12.71         2,580,028        2.41    11.05%

2020

   0.00%         204,648      11.44         2,342,077        1.75     8.90%

M Fund, Inc. - M Large Cap Value Fund (MFBOV)

2024

   0.00%         183,900      30.41         5,592,468        2.01    18.63%

2023

   0.00%         174,047      25.64         4,461,725        2.42     7.60%

2022

   0.00%         142,133      23.82         3,386,095        2.20     -1.45%

2021

   0.00%         122,589      24.17         2,963,468        1.43    30.01%

2020

   0.00%         152,165      18.59         2,829,424        2.09     -3.16%

M Fund, Inc. - M Capital Appreciation Fund (MFFCA)

2024

   0.00%         129,169      42.39         5,474,929        2.02     9.94%

2023

   0.00%         129,230      38.55         4,982,113        0.45    23.56%

2022

   0.00%         128,563      31.20         4,011,381        0.00    -18.14%

2021

   0.00%         119,412      38.12         4,551,442        0.00    17.74%

2020

   0.00%         125,875      32.37         4,074,985        0.00    17.73%

M Fund, Inc. - M Large Cap Growth Fund (MFTCG)

2024

   0.00%         127,574      60.16         7,675,130        0.00    25.50%

2023

   0.00%         149,957      47.94         7,188,719        0.00    32.04%

2022

   0.00%         129,303      36.31         4,694,574        0.00    -25.41%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2021

   0.00%         116,876      48.68         5,688,940        0.00    21.49%

2020

   0.00%         113,134      40.06         4,532,555        0.00    28.89%

MFS(R)Variable Insurance Trust - MFS Mid Cap Growth Series: Service Class (MMCGSC)

2024

   0.00%         47,638      12.99         618,802        0.00    14.44%

2023

   0.00%         3,006      11.35         34,114        0.00    13.50%****

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

2024

   0.00%         130,521      32.69         4,266,957        0.00     6.72%

2023

   0.00%         165,028      30.63         5,055,181        0.00    14.41%

2022

   0.00%         172,756      26.77         4,625,301        0.00    -29.76%

2021

   0.00%         173,596      38.12         6,616,809        0.00     1.80%

2020

   0.00%         172,612      37.44         6,462,963        0.00    45.89%

MFS(R)Variable Insurance Trust - MFS New Discovery Series: Service Class (MNDSC)

2024

   0.00%         11,361      7.51         85,286        0.00     6.44%

2023

   0.00%         1,164      7.05         8,210        0.00    14.25%

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

2024

   0.00%         621      34.05         21,143        0.35    16.27%

2023

   0.00%         644      29.29         18,874        0.30    24.01%

2022

   0.00%         672      23.62         15,870        0.10    -19.26%

2021

   0.00%         698      29.25         20,416        0.25    25.97%

2020

   0.00%         722      23.22         16,764        0.46    22.53%

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

2024

   0.00%         12,064      11.13         134,249        1.72     2.78%

2023

   0.00%         3      10.83         35        0.00     8.27%****

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Initial Class (MV3LMI)

2024

   0.00%         13,503      10.78         145,541        3.13     5.30%

MFS(R) Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service Class (MV3LMS)

2024

   0.00%         4,843      10.89         52,744        0.73     5.02%

2023

   0.00%         551      10.37         5,718        0.07     3.71%****

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

2024

   0.00%         462,257      21.10         9,755,572        1.29    13.75%

2023

   0.00%         210,769      18.55         3,910,521        1.88    12.73%

2022

   0.00%         114,117      16.46         1,878,254        1.13    -8.79%

2021

   0.00%         51,244      18.04         924,660        0.96    30.99%

2020

   0.00%         2,873      13.78         39,577        0.83    37.76%****

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

2024

   0.00%         590,663      51.45         30,388,847        1.68    11.61%

2023

   0.00%         526,766      46.10         24,281,720        1.68     7.93%

2022

   0.00%         474,335      42.71         20,258,059        1.39     -5.91%

2021

   0.00%         467,562      45.39         21,222,553        1.34    25.45%

2020

   0.00%         441,043      36.18         15,957,323        1.57     3.48%

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

2024

   0.00%         762,121      14.76         11,246,088        1.04     9.00%

2023

   0.00%         479,950      13.54         6,497,391        1.15    14.72%

2022

   0.00%         306,145      11.80         3,612,743        0.62    -14.95%

2021

   0.00%         239,511      13.88         3,323,400        0.63     9.27%

2020

   0.00%         112,725      12.70         1,431,495        1.82    15.84%

MFS(R)Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Initial Class (MVIVIC)

2024

   0.00%         441,066      28.61         12,620,023        1.35     7.25%

2023

   0.00%         450,674      26.68         12,023,611        0.71    17.66%

2022

   0.00%         472,370      22.68         10,711,302        0.78    -23.56%

2021

   0.00%         488,771      29.66         14,498,796        0.34    10.55%

2020

   0.00%         499,784      26.83         13,410,126        0.99    20.52%

MFS(R)Variable Insurance Trust II - MFS International Intrinsic Value Portfolio: Service Class (MVIVSC)

2024

   0.00%         1,671      32.12         53,685        1.15     6.97%

2023

   0.00%         1,729      30.03         51,915        0.48    17.37%

2022

   0.00%         2,072      25.58         53,011        0.50     -23.75%

2021

   0.00%         2,191      33.55         73,518        0.14    10.28%

2020

   0.00%         2,297      30.43         69,892        0.79    20.21%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

MFS(R)Variable Insurance Trust - MFS Utilities Series: Initial Class (MVUIC)

2024

   0.00%         161,750      17.20         2,782,464        1.34    11.66%

2023

   0.00%         86,624      15.41         1,334,520        3.70     -2.11%

2022

   0.00%         52,266      15.74         822,544        2.44     0.76%

2021

   0.00%         31,998      15.62         499,799        1.72    14.09%

2020

   0.00%         16,785      13.69         229,795        2.75     5.90%

The Merger Fund VL - The Merger Fund VL: Class I(MGRFV)

2023

   0.00%         33      10.54         351        4.82     4.34%

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

2024

   0.00%         142,991      10.61         1,516,679        9.99     3.18%

2023

   0.00%         108,382      10.28         1,114,145        3.70     5.66%

2022

   0.00%         75,046       9.73         730,111        3.08    -13.21%

2021

   0.00%         64,707      11.21         725,363        1.80     -0.45%

2020

   0.00%         83,175      11.26         936,565        3.20     3.74%

Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y (DTRTFY)

2024

   0.00%         1,097       9.54         10,458        6.72     3.63%

2023

   0.00%         2,303       9.20         21,190        5.60     6.05%

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

2024

   0.00%         98,249      43.85         4,308,328        1.76     9.86%

2023

   0.00%         98,321      39.92         3,924,640        1.87    11.99%

2022

   0.00%         110,110      35.64         3,924,804        1.62     -3.99%

2021

   0.00%         91,897      37.13         3,411,729        1.31    20.29%

2020

   0.00%         98,192      30.86         3,030,519        1.81     3.63%

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

2024

   0.00%         135,354      15.36         2,078,682        3.21     1.03%

2023

   0.00%         153,712      15.20         2,336,596        2.70     4.70%

2022

   0.00%         158,815      14.52         2,305,772        1.98    -12.55%

2021

   0.00%         172,812      16.60         2,869,118        1.71     -2.08%

2020

   0.00%         167,559      16.96         2,841,019        2.08     6.08%

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

2024

   0.00%         1,437,566      11.09         15,939,028        1.31     6.28%

2023

   0.00%         1,435,037      10.43         14,970,368        1.72     4.16%

2022

   0.00%         1,400,697      10.02         14,028,139        0.93    -24.75%

2021

   0.00%         1,230,609      13.31         16,377,390        0.94     -7.28%

2020

   0.00%         1,195,307      14.35         17,155,779        1.95    13.30%

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

2024

   0.00%         80,354      17.54         1,409,323        2.66    11.31%

2023

   0.00%         62,497      15.76         984,797        2.80    21.70%

2022

   0.00%         65,373      12.95         846,431        3.76    -14.12%

2021

   0.00%         67,613      15.08         1,019,401        2.53    12.66%

2020

   0.00%         71,410      13.38         955,666        1.20     7.95%

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

2024

   0.00%         2,410,798      35.20         84,859,346        0.00    16.00%

2023

   0.00%         2,378,890      30.35         72,188,953        0.00    13.84%

2022

   0.00%         2,265,868      26.66         60,400,616        0.00    -13.74%

2021

   0.00%         1,896,804      30.90         58,619,174        1.14    14.71%

2020

   0.00%         1,654,942      26.94         44,586,334        1.51    12.00%

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

2024

   0.00%         79,641      14.98         1,193,105        0.00     0.82%

2023

   0.00%         76,030      14.86         1,129,684        0.00     4.50%

2022

   0.00%         70,408      14.22         1,001,086        0.00    -12.80%

2021

   0.00%         70,590      16.31         1,151,056        1.71     -0.72%

2020

   0.00%         52,616      16.42         864,150        2.06     9.21%

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

2024

   0.00%         174,154      46.37         8,076,116        0.00    13.23%

2023

   0.00%         188,616      40.96         7,724,990        0.00    22.14%

2022

   0.00%         198,263      33.53         6,648,082        0.00    -25.05%

2021

   0.00%         203,816      44.74         9,118,965        0.00    16.00%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%         209,693      38.57         8,087,596        0.66    29.93%

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

2024

   0.00%         109,530      45.38         4,970,371        0.00    23.76%

2023

   0.00%         117,012      36.67         4,290,640        0.00    25.68%

2022

   0.00%         123,371      29.18         3,599,427        0.00    -16.82%

2021

   0.00%         125,439      35.07         4,399,622        1.03    23.65%

2020

   0.00%         110,692      28.37         3,139,935        1.71    13.08%

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

2024

   0.00%         185,797      74.24         13,792,717        0.00    31.15%

2023

   0.00%         192,374      56.60         10,889,050        0.00    37.95%

2022

   0.00%         214,651      41.03         8,807,429        0.00    -30.22%

2021

   0.00%         215,538      58.80         12,673,130        0.00    21.53%

2020

   0.00%         214,322      48.38         10,368,826        0.72    51.49%

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

2024

   0.00%         276,764      35.22         9,747,867        0.00    11.21%

2023

   0.00%         294,219      31.67         9,318,177        0.00    17.93%

2022

   0.00%         311,347      26.86         8,361,556        0.00    -18.28%

2021

   0.00%         322,580      32.86         10,601,170        0.15    13.63%

2020

   0.00%         361,599      28.92         10,458,384        0.22    12.33%

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

2024

   0.00%         25,697      24.00         616,795        0.00     6.09%

2023

   0.00%         23,378      22.63         528,945        0.00    11.25%

2022

   0.00%         23,866      20.34         485,399        0.00    -14.39%

2021

   0.00%         21,602      23.76         513,203        0.20     6.71%

2020

   0.00%         23,650      22.26         526,539        0.14     8.55%

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

2024

   0.00%         7,495,810      44.88         336,399,862        1.10    24.76%

2023

   0.00%         6,241,286      35.97         224,506,780        1.48    25.96%

2022

   0.00%         5,010,787      28.56         143,099,142        1.35    -18.31%

2021

   0.00%         4,103,411      34.96         143,460,448        2.44    28.37%

2020

   0.00%         3,142,627      27.24         85,589,789        2.02    18.19%

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

2024

   0.00%         259,143      13.08         3,389,767        1.56    24.88%

2023

   0.00%         107,563      10.47         1,126,696        1.89    25.97%

2022

   0.00%         12,510       8.32         104,021        2.11    -18.20%****

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

2024

   0.00%         57,595      38.43         2,213,389        0.00    12.63%

2023

   0.00%         60,080      34.12         2,049,888        0.00    19.38%

2022

   0.00%         64,249      28.58         1,836,255        0.00    -18.89%

2021

   0.00%         66,878      35.24         2,356,463        0.13    15.50%

2020

   0.00%         75,104      30.51         2,291,119        0.23    12.82%

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

2024

   0.00%         26,090      19.04         496,659        0.00     3.82%

2023

   0.00%         27,513      18.34         504,465        0.00     8.03%

2022

   0.00%         28,560      16.97         484,747        0.00    -12.19%

2021

   0.00%         29,790      19.33         575,831        0.23     2.75%

2020

   0.00%         30,767      18.81         578,796        0.09     6.71%

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

2024

   0.00%         154,458      29.42         4,543,684        0.00     9.02%

2023

   0.00%         170,013      26.98         4,587,607        0.00    14.72%

2022

   0.00%         183,632      23.52         4,319,233        0.00    -16.55%

2021

   0.00%         198,848      28.19         5,604,924        0.19    10.31%

2020

   0.00%         228,957      25.55         5,850,225        0.13    10.34%

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

2024

   0.00%         192,374      14.80         2,847,230        3.29     2.89%

2023

   0.00%         192,329      14.39         2,766,727        2.20    17.31%

2022

   0.00%         211,633      12.26         2,595,195        3.60    -14.51%

2021

   0.00%         231,075      14.34         3,314,441        3.12    10.53%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%         196,008      12.98         2,543,663        2.39     7.34%

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class Y (GVIXY)

2024

   0.00%         24,869      10.26         255,206        4.43     3.25%

2023

   0.00%         14,502       9.94         144,131        4.04    17.71%

2022

   0.00%         700       8.44         5,911        3.12    -14.14%****

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

2024

   0.00%         145,212      28.38         4,120,730        5.56     6.28%

2023

   0.00%         150,429      26.70         4,016,629        6.17    13.13%

2022

   0.00%         149,240      23.60         3,522,520        5.59    -11.93%

2021

   0.00%         150,687      26.80         4,038,554        5.10     4.96%

2020

   0.00%         133,968      25.53         3,420,646        5.19     6.02%

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

2024

   0.00%         406,342      16.85         6,847,767        0.00     9.43%

2023

   0.00%         366,340      15.40         5,641,812        0.00    13.20%

2022

   0.00%         329,539      13.60         4,483,218        0.00    -14.96%

2021

   0.00%         272,051      16.00         4,351,985        0.44    12.34%

2020

   0.00%         245,033      14.24         3,489,339        0.13     6.59%

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

2024

   0.00%         158,160      15.13         2,392,261        0.00     7.83%

2023

   0.00%         140,897      14.03         1,976,474        0.00    12.38%

2022

   0.00%         132,557      12.48         1,654,664        0.00    -13.87%

2021

   0.00%         107,194      14.49         1,553,530        0.44     7.72%

2020

   0.00%         97,014      13.45         1,305,219        0.13     4.83%

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

2024

   0.00%         457,231      60.20         27,527,439        1.11    13.49%

2023

   0.00%         431,990      53.05         22,915,507        1.33    16.06%

2022

   0.00%         396,475      45.71         18,121,822        1.26    -13.40%

2021

   0.00%         355,949      52.78         18,786,382        1.23    24.26%

2020

   0.00%         342,149      42.47         14,532,578        1.32    13.11%

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y (MCIFD)

2024

   0.00%         21,182      11.23         237,953        2.33    13.65%

2023

   0.00%         4,336       9.88         42,857        2.39    16.23%

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

2024

   0.00%         127,127      23.84         3,030,565        6.88    10.34%

2023

   0.00%         112,446      21.60         2,429,348        5.77     8.70%

2022

   0.00%         106,052      19.88         2,107,854        3.75     -2.30%

2021

   0.00%         92,337      20.34         1,878,394        5.61     5.24%

2020

   0.00%         91,296      19.33         1,764,781        3.89     4.06%

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

2024

   0.00%         552,090      17.23         9,513,971        0.00    11.32%

2023

   0.00%         518,213      15.48         8,022,128        0.00    12.61%

2022

   0.00%         514,580      13.75         7,073,599        0.00    -15.08%

2021

   0.00%         418,380      16.19         6,772,831        0.33    15.72%

2020

   0.00%         336,134      13.99         4,702,207        0.83     7.53%

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

2024

   0.00%         542,706      15.51         8,416,647        0.00     8.90%

2023

   0.00%         467,639      14.24         6,659,840        0.00    12.70%

2022

   0.00%         394,813      12.64         4,988,953        0.00    -13.61%

2021

   0.00%         254,588      14.63         3,724,019        0.34    10.24%

2020

   0.00%         216,685      13.27         2,875,186        0.67     5.32%

Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II (NJNDE2)

2024

   0.00%         20,494      13.56         277,861        0.00    23.66%

2023

   0.00%         424      10.96         4,652        0.00     9.64%****

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

2024

   0.00%         68,149      59.97         4,086,941        1.75    15.32%

2023

   0.00%         72,376      52.01         3,763,948        1.70     8.84%

2022

   0.00%         82,356      47.78         3,935,038        1.18     -1.13%

2021

   0.00%         102,198      48.33         4,938,877        1.23    34.53%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%         135,287      35.92         4,859,856        1.65     1.49%

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

2024

   0.00%         243,003      19.90         4,835,123        1.90    15.49%

2023

   0.00%         252,364      17.23         4,347,997        1.95     9.00%

2022

   0.00%         246,397      15.81         3,894,825        1.42     -1.02%

2021

   0.00%         207,230      15.97         3,309,450        1.47    34.71%

2020

   0.00%         144,450      11.86         1,712,478        1.46    18.55%****

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

2024

   0.00%         941,555      11.33         10,669,512        3.38     1.08%

2023

   0.00%         644,511      11.21         7,225,368        3.07     5.19%

2022

   0.00%         477,342      10.66         5,087,192        2.40    -13.39%

2021

   0.00%         434,563      12.30         5,347,122        2.36     -2.08%

2020

   0.00%         235,324      12.57         2,957,036        3.21     7.20%

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class Y (NVBXD)

2024

   0.00%         37,129       9.17         340,645        5.38     1.14%

2023

   0.00%         6,348       9.07         57,589        8.64     5.38%

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

2024

   0.00%         186,453      15.64         2,916,818        3.35     1.37%

2023

   0.00%         181,157      15.43         2,795,569        3.22     5.19%

2022

   0.00%         173,162      14.67         2,540,461        2.32    -14.69%

2021

   0.00%         182,969      17.20         3,146,638        2.05     -1.03%

2020

   0.00%         169,673      17.38         2,948,321        2.66     7.01%

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

2024

   0.00%         1,466,143      27.81         40,777,537        0.00    12.58%

2023

   0.00%         1,449,073      24.70         35,799,182        0.00    16.45%

2022

   0.00%         1,422,060      21.21         30,167,872        0.00    -14.95%

2021

   0.00%         1,326,078      24.94         33,077,837        0.28    15.75%

2020

   0.00%         1,239,188      21.55         26,704,335        1.00    11.67%

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class Y (NVCCAY)

2024

   0.00%         167,758      12.27         2,059,146        0.00    12.69%

2023

   0.00%         84,065      10.89         915,635        0.00     8.92%****

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

2024

   0.00%         195,810      17.81         3,486,645        0.00     5.18%

2023

   0.00%         192,382      16.93         3,256,838        0.00     8.91%

2022

   0.00%         190,487      15.54         2,960,902        0.00    -11.97%

2021

   0.00%         185,414      17.66         3,273,952        0.22     4.49%

2020

   0.00%         177,090      16.90         2,992,702        0.26     7.69%

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class Y (NVCCNY)

2024

   0.00%         10,534      11.18         117,736        0.00     5.36%

2023

   0.00%         543      10.61         5,761        0.00     6.08%****

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

2024

   0.00%         2,994,137      29.74         89,037,980        0.00    13.74%

2023

   0.00%         3,041,526      26.15         79,523,080        0.00    18.07%

2022

   0.00%         2,890,410      22.15         64,008,280        0.00    -15.01%

2021

   0.00%         2,834,276      26.06         73,851,942        0.24    18.12%

2020

   0.00%         2,722,032      22.06         60,047,569        1.11    12.36%

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class Y (NVCMAY)

2024

   0.00%         80,766      12.48         1,007,724        0.00    13.94%

2023

   0.00%         1,352      10.95         14,810        0.00     9.50%****

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

2024

   0.00%         199,168      21.61         4,303,112        0.00     7.79%

2023

   0.00%         202,891      20.04         4,066,736        0.00    11.88%

2022

   0.00%         197,348      17.92         3,535,720        0.00    -13.05%

2021

   0.00%         188,057      20.61         3,874,991        0.25     9.23%

2020

   0.00%         195,949      18.86         3,696,534        0.58     9.15%

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

2024

   0.00%         1,641,447      25.80         42,355,450        0.00    11.18%

2023

   0.00%         1,627,885      23.21         37,781,829        0.00    14.95%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2022

   0.00%         1,583,493       20.19         31,970,757        0.00    -14.08%

2021

   0.00%         1,590,226       23.50         37,368,336        0.27    13.64%

2020

   0.00%         1,570,479       20.68         32,476,012        0.85    10.77%

Nationwide Variable Insurance Trust - NVIT Blueprint(SM)Moderate Fund: Class Y (NVCMDY)

2024

   0.00%         63,682       12.06         768,061        0.00    11.31%

2023

   0.00%         534       10.84         5,782        0.00     8.36%****

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

2024

   0.00%         2,171,691       31.72         68,885,445        0.00    15.44%

2023

   0.00%         2,068,742       27.48         56,842,094        0.00    19.74%

2022

   0.00%         1,565,783       22.95         35,929,814        0.00    -15.23%

2021

   0.00%         1,367,218       27.07         37,012,123        0.19    20.19%

2020

   0.00%         1,254,616       22.52         28,259,158        1.18    12.74%

Nationwide Variable Insurance Trust - NVIT Blueprint(SM)Aggressive Fund: Class Y (NVCRAY)

2024

   0.00%         253,018       12.71         3,216,721        0.00    15.66%

2023

   0.00%         1,309       10.99         14,386        0.00     9.92%****

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

2024

   0.00%         700,166       23.44         16,415,358        0.00     9.34%

2023

   0.00%         720,121       21.44         15,440,550        0.00    13.40%

2022

   0.00%         701,641       18.91         13,266,684        0.00    -13.60%

2021

   0.00%         659,423       21.88         14,431,412        0.27    11.12%

2020

   0.00%         614,495       19.69         12,102,182        0.70     9.71%

Nationwide Variable Insurance Trust - NVIT Blueprint(SM)Balanced Fund: Class Y (NVCRBY)

2024

   0.00%         45,479       11.81         536,962        0.00     9.47%

2023

   0.00%         536       10.79         5,777        0.00     7.85%****

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

2024

   0.00%         11,949       26.57         317,443        0.00     7.79%

2023

   0.00%         16,934       24.65         417,348        0.00    13.04%

2022

   0.00%         18,762       21.80         409,055        0.00    -14.99%

2021

   0.00%         20,344       25.65         521,760        0.19     8.24%

2020

   0.00%         24,989       23.69         592,088        0.13     9.41%

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class P (NVDBLP)

2024

   0.00%         514,810       19.78         10,180,413        0.00     7.94%

2023

   0.00%         564,709       18.32         10,345,257        0.00    13.14%

2022

   0.00%         634,551       16.19         10,274,875        0.00    -14.84%

2021

   0.00%         610,916       19.01         11,615,447        0.38     8.45%

2020

   0.00%         616,772       17.53         10,812,851        0.13     9.50%

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

2023

   0.00%         87       31.69         2,742        0.00    16.38%

2022

   0.00%         91       27.23         2,478        0.00    -17.57%

2021

   0.00%         96       33.03         3,171        0.19    12.16%

2020

   0.00%         2,214       29.45         65,197        0.23    11.62%

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

2024

   0.00%         563,331       24.37         13,730,728        0.00    10.67%

2023

   0.00%         649,805       22.02         14,310,895        0.00    16.56%

2022

   0.00%         683,551       18.89         12,915,170        0.00    -17.50%

2021

   0.00%         664,559       22.90         15,219,026        0.37    12.38%

2020

   0.00%         634,295       20.38         12,926,298        0.18    11.80%

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class P (NVDMAP)

2024

   0.00%         4,563,705       26.39         120,427,514        0.00    11.43%

2023

   0.00%         4,485,950       23.68         106,231,537        0.00    18.14%

2022

   0.00%         4,336,966       20.05         86,934,800        0.00    -18.23%

2021

   0.00%         4,166,909       24.51         102,142,999        0.31    13.84%

2020

   0.00%         4,066,375       21.53         87,561,895        0.23    12.53%

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class P (NVDMCP)

2024

   0.00%         150,062       17.88         2,683,474        0.00     6.34%

2023

   0.00%         141,582       16.82         2,380,899        0.00    11.45%

2022

   0.00%         149,298       15.09         2,252,736        0.00    -14.34%

2021

   0.00%         140,684       17.61         2,478,075        0.42     6.87%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%         142,654       16.48         2,351,158        0.14     8.71%

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

2024

   0.00%         224,755       10.15         2,280,596        5.05     0.81%

2023

   0.00%         79,057       10.07         795,729        2.85     5.22%

2022

   0.00%         61,465        9.57         587,975        2.25    -13.74%

2021

   0.00%         40,656       11.09         450,841        0.99     -2.02%

2020

   0.00%         20,394       11.32         230,825        1.99     7.12%

Nationwide Variable Insurance Trust - NVIT iShares Fixed Income ETF Fund: Class Y (NVFIY)

2024

   0.00%         5,359        9.23         49,448        2.25     1.36%

2023

   0.00%         9,410        9.10         85,651        7.36     5.77%

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

2024

   0.00%         249,806       17.85         4,459,791        1.77    15.57%

2023

   0.00%         130,620       15.45         2,017,864        1.75    20.48%

2022

   0.00%         48,077       12.82         616,444        2.04    -16.38%

2021

   0.00%         26,263       15.33         402,703        1.79    21.87%

2020

   0.00%         8,337       12.58         104,897        2.57    15.76%

Nationwide Variable Insurance Trust - NVIT iShares Global Equity ETF Fund: Class Y (NVGEY)

2024

   0.00%         71,800       11.74         842,795        2.05    16.19%

2023

   0.00%         16,745       10.10         169,174        2.66    21.05%

2022

   0.00%         6,031       8.35         50,333        2.17    -15.96%****

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class P (NVIDAP)

2024

   0.00%         1,812,039       29.31         53,116,176        0.00    12.81%

2023

   0.00%         1,755,928       25.98         45,627,494        0.00    19.52%

2022

   0.00%         1,626,621       21.74         35,365,226        0.00    -18.77%

2021

   0.00%         1,450,791       26.77         38,832,406        0.25    15.74%

2020

   0.00%         1,369,478       23.13         31,671,011        0.23    13.00%

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class P (NVIDCP)

2024

   0.00%         265,999       14.56         3,872,167        0.00     4.04%

2023

   0.00%         273,020       13.99         3,820,105        0.00     8.16%

2022

   0.00%         246,240       12.94         3,185,433        0.00    -12.04%

2021

   0.00%         278,273       14.71         4,092,734        0.39     2.85%

2020

   0.00%         289,540       14.30         4,140,612        0.10     6.95%

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

2024

   0.00%         1,616,439       21.99         35,541,149        0.00     9.18%

2023

   0.00%         1,616,200       20.14         32,549,368        0.00    14.95%

2022

   0.00%         1,548,307       17.52         27,125,829        0.00    -16.49%

2021

   0.00%         1,444,639       20.98         30,307,187        0.43    10.44%

2020

   0.00%         1,381,747       19.00         26,247,922        0.14    10.59%

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

2024

   0.00%         3,692       17.09         63,078        2.13    11.01%

2023

   0.00%         5,507       15.39         84,774        2.53    21.46%

2022

   0.00%         6,261       12.67         79,343        3.54    -14.38%

2021

   0.00%         6,502       14.80         96,233        2.28    12.40%

2020

   0.00%         7,126       13.17         93,834        0.95     7.69%

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

2024

   0.00%         934,295       14.93         13,945,126        3.69     3.11%

2023

   0.00%         851,500       14.48         12,326,105        2.70    17.58%

2022

   0.00%         747,105       12.31         9,198,124        4.28    -14.29%

2021

   0.00%         566,013       14.36         8,130,678        3.24    10.84%

2020

   0.00%         447,793       12.96         5,803,291        2.56     7.53%

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

2024

   0.00%         1,279,300       17.79         22,755,251        3.85     2.02%

2023

   0.00%         1,083,539       17.44         18,892,143        3.72     7.40%

2022

   0.00%         1,030,121       16.23         16,723,816        2.76    -13.46%

2021

   0.00%         976,982       18.76         18,328,078        3.98     -0.72%

2020

   0.00%         319,789       18.90         6,042,951        3.38     9.31%

Nationwide Variable Insurance Trust - NVIT NS Partners International Focused Growth Fund: Class I (NVMIG1)

2024

   0.00%         195,056       14.13         2,755,338        0.32     -1.35%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2023

   0.00%         210,882       14.32         3,019,620        1.93    15.67%

2022

   0.00%         211,396       12.38         2,616,921        0.00    -37.93%

2021

   0.00%         209,616       19.94         4,180,309        0.39     -1.08%

2020

   0.00%         164,677       20.16         3,319,309        0.98    51.04%

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

2024

   0.00%         307,729       14.82         4,559,347        6.22     4.44%

2023

   0.00%         305,286       14.19         4,330,887        2.73    15.67%

2022

   0.00%         307,222       12.26         3,767,858        3.73     -5.86%

2021

   0.00%         303,733       13.03         3,957,105        3.38    10.58%

2020

   0.00%         304,787       11.78         3,590,951        0.00    17.82%****

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

2024

   0.00%         223,724       76.19         17,044,780        0.84    26.06%

2023

   0.00%         135,248       60.44         8,173,815        5.29    35.36%

2022

   0.00%         124,649       44.65         5,565,540        5.30    -12.49%

2021

   0.00%         120,314       51.02         6,138,616        0.00    40.45%

2020

   0.00%         129,161       36.33         4,692,161        0.00    30.09%

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II (NVMM2)

2024

   0.00%         58,185       11.06         643,240        4.50     4.62%

2023

   0.00%         32,979       10.57         348,479        4.40     4.49%

2022

   0.00%         33,884       10.11         342,666        1.08     1.13%****

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

2024

   0.00%         181,558       38.20         6,935,962        0.00    18.50%

2023

   0.00%         189,381       32.24         6,105,291        0.00    20.58%

2022

   0.00%         193,124       26.74         5,163,462        0.00    -37.61%

2021

   0.00%         238,227       42.85         10,208,764        0.12     -4.70%

2020

   0.00%         245,793       44.97         11,052,825        0.00    60.90%

Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class II (NVMMG2)

2022

   0.00%         93        5.56         517        0.00    -37.82%****

Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class I (NVMMV1)

2024

   0.00%         322,646       33.56         10,827,898        1.22     8.54%

2023

   0.00%         285,009       30.92         8,812,167        1.66     8.82%

2022

   0.00%         272,677       28.41         7,747,752        1.59     -2.59%

2021

   0.00%         240,532       29.17         7,016,317        0.90    24.20%

2020

   0.00%         223,756       23.49         5,255,106        2.32     -1.07%

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

2024

   0.00%         15,379       37.42         575,548        1.02     8.49%

2023

   0.00%         15,693       34.50         541,358        1.53     8.63%

2022

   0.00%         15,996       31.76         507,962        1.38     -2.66%

2021

   0.00%         16,414       32.62         535,500        0.75    24.02%

2020

   0.00%         17,056       26.31         448,686        2.12     -1.14%

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Core Fund: Class I (NVNMO1)

2024

   0.00%         29,804       44.40         1,323,282        0.45    21.48%

2023

   0.00%         28,789       36.55         1,052,235        0.53    23.39%

2022

   0.00%         30,282       29.62         896,967        0.36    -17.06%

2021

   0.00%         45,657       35.71         1,630,576        0.35    26.57%

2020

   0.00%         32,197       28.22         908,486        0.42    13.55%

Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class II (NVNSR2)

2024

   0.00%         48,530       36.87         1,789,491        0.17     8.47%

2023

   0.00%         55,918       33.99         1,900,871        0.30    20.68%

2022

   0.00%         56,303       28.17         1,585,975        0.51    -22.95%

2021

   0.00%         55,600       36.56         2,032,692        0.34    26.76%

2020

   0.00%         56,713       28.84         1,635,738        0.74    13.34%

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

2024

   0.00%         409,964       84.77         34,751,910        1.24    22.80%

2023

   0.00%         429,207       69.03         29,628,172        1.51    23.88%

2022

   0.00%         412,492       55.72         22,985,432        0.92    -22.10%

2021

   0.00%         388,459       71.53         27,788,086        0.68    30.24%

2020

   0.00%         276,426       54.92         15,182,690        1.35    18.90%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

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

2024

   0.00%         640,121       26.55         16,992,731        2.36    10.72%

2023

   0.00%         698,928       23.98         16,756,907        2.37    12.88%

2022

   0.00%         686,451       21.24         14,580,420        1.61    -28.52%

2021

   0.00%         647,149       29.71         19,229,369        1.04    46.75%

2020

   0.00%         739,684       20.25         14,977,502        1.56     -5.39%

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

2024

   0.00%         917,326       26.87         24,645,055        0.99    10.87%

2023

   0.00%         809,875       24.23         19,624,816        1.24    16.35%

2022

   0.00%         719,394       20.83         14,982,823        0.89    -20.72%

2021

   0.00%         598,751       26.27         15,729,947        0.82    14.20%

2020

   0.00%         553,080       23.00         12,723,308        0.95    19.32%

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y (NVSIXD)

2024

   0.00%         41,891       18.73         784,572        1.56    11.35%

2023

   0.00%         22,068       16.82         371,172        2.84    16.69%

2022

   0.00%         1,387       14.41         19,992        1.65    -20.46%****

Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class I (NVSTB1)

2024

   0.00%         517,380       12.32         6,374,515        4.63     5.35%

2023

   0.00%         446,823       11.70         5,225,745        3.72     5.95%

2022

   0.00%         431,255       11.04         4,760,316        2.55     -5.39%

2021

   0.00%         355,501       11.67         4,147,701        1.36     -0.44%

2020

   0.00%         249,835       11.72         2,927,779        2.20     3.20%

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

2024

   0.00%         3,422       13.42         45,914        4.11     5.06%

2023

   0.00%         3,415       12.77         43,606        3.62     5.69%

2022

   0.00%         3,342       12.08         40,379        2.11     -5.67%

2021

   0.00%         3,474       12.81         44,496        0.96     -0.59%

2020

   0.00%         3,936       12.88         50,713        1.61     2.83%

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

2024

   0.00%         23,435       23.81         558,008        5.95     4.25%

2023

   0.00%         24,826       22.84         567,019        2.43    15.56%

2022

   0.00%         26,498       19.76         523,720        3.59     -5.99%

2021

   0.00%         28,755       21.02         604,558        2.32    10.40%

2020

   0.00%         33,779       19.04         643,287        1.49     5.18%

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

2024

   0.00%         2,206,547       13.28         29,292,471        4.62     4.88%

2023

   0.00%         133,027       12.66         1,683,747        4.65     4.75%

2022

   0.00%         100,654       12.08         1,216,258        1.32     1.30%

2021

   0.00%         96,687       11.93         1,153,375        0.00     0.00%

2020

   0.00%         109,871       11.93         1,310,647        0.24     0.24%

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V (SAM5)

2024

   0.00%         3,834,654       11.60         44,477,773        4.81     4.94%

2023

   0.00%         3,460,168       11.05         38,246,401        4.72     4.80%

2022

   0.00%         2,903,724       10.55         30,626,097        1.43     1.33%

2021

   0.00%         1,367,483       10.41         14,233,860        0.00     0.00%

2020

   0.00%         2,066,859       10.41         21,513,526        0.20     0.26%

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class Y (SAMY)

2024

   0.00%         720,857       11.17         8,054,584        4.87     5.04%

2023

   0.00%         244,052       10.64         2,596,089        4.84     4.90%

2022

   0.00%         80,527       10.14         816,563        2.40     1.40%****

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

2024

   0.00%         67,414       53.86         3,631,191        0.12    13.08%

2023

   0.00%         65,215       47.63         3,106,291        0.51    13.99%

2022

   0.00%         69,070       41.79         2,886,208        0.45    -18.77%

2021

   0.00%         85,722       51.44         4,409,581        0.00    30.84%

2020

   0.00%         67,216       39.32         2,642,718        0.02    22.69%

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

2024

   0.00%         308,405       47.81         14,745,051        0.00    21.21%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2023

   0.00%         254,322       39.44         10,031,601        0.00    17.47%

2022

   0.00%         227,113       33.58         7,626,356        0.00    -30.37%

2021

   0.00%         176,394       48.22         8,506,168        0.00    10.31%

2020

   0.00%         178,877       43.72         7,819,845        0.00    40.89%

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

2024

   0.00%         115,961       42.38         4,913,964        0.73     6.53%

2023

   0.00%         123,751       39.78         4,922,516        0.44    17.45%

2022

   0.00%         125,523       33.87         4,251,191        0.34    -12.91%

2021

   0.00%         115,010       38.89         4,472,762        0.00    32.04%

2020

   0.00%         104,150       29.45         3,067,543        0.08     5.15%

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

2024

   0.00%         207,814       50.04         10,398,076        1.08    13.66%

2023

   0.00%         214,407       44.02         9,438,982        1.38     8.27%

2022

   0.00%         216,501       40.66         8,802,760        1.20     -8.44%

2021

   0.00%         218,051       44.41         9,683,457        0.77    21.88%

2020

   0.00%         230,533       36.44         8,399,758        1.15    10.35%

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

2024

   0.00%         3,507       25.23         88,483        0.00    23.76%

2023

   0.00%         3,477       20.39         70,880        0.00    17.96%

2022

   0.00%         3,439       17.28         59,436        0.00    -28.83%

2021

   0.00%         3,805       24.28         92,396        0.00    12.72%

2020

   0.00%         3,389       21.54         73,005        0.00    39.71%

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

2024

   0.00%         2,885       63.86         184,214        0.23    25.84%

2023

   0.00%         3,340       50.75         169,476        0.35    26.90%

2022

   0.00%         3,332       39.99         133,245        0.45    -18.45%

2021

   0.00%         3,327       49.04         163,150        0.38    23.48%

2020

   0.00%         3,530       39.71         140,192        0.60    19.56%

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

2024

   0.00%         37,806       14.47         546,914        5.74     6.10%

2023

   0.00%         37,070       13.64         505,452        4.03     5.90%

2022

   0.00%         43,916       12.88         565,434        3.67     -5.19%

2021

   0.00%         47,966       13.58         651,359        2.62     0.74%

2020

   0.00%         46,671       13.48         629,112        2.39     3.46%

New Age Alpha Variable Funds Trust - NAA Small Cap Value Series (NASCV)

2024

   0.00%         2,276       10.09         22,959        0.00     0.87%****

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 1 (NOTAG1)

2024

   0.00%         2,244       12.50         28,059        1.67    12.21%

Northern Lights Variable Trust - TOPS Aggressive Growth ETF Portfolio: Class 2 (NOTAG2)

2024

   0.00%         277,325       12.34         3,422,289        2.38    11.99%

2023

   0.00%         1,352       11.02         14,897        0.00    10.19%****

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

2024

   0.00%         159,171       14.91         2,373,516        2.54     5.96%

2023

   0.00%         166,339       14.07         2,340,957        0.17     9.17%

2022

   0.00%         167,449       12.89         2,158,664        18.46    -12.08%

2021

   0.00%         171,778       14.66         2,518,838        1.00     8.51%

2020

   0.00%         167,878       13.51         2,268,613        2.13     5.66%

Northern Lights Variable Trust - TOPS Balanced ETF Portfolio: Class 2 (NOTBE2)

2024

   0.00%         70,611       11.42         806,712        4.13     6.86%

2023

   0.00%         541       10.69         5,784        0.00     6.92%****

Northern Lights Variable Trust - TOPS Conservative ETF Portfolio: Class 2 (NOTC2)

2024

   0.00%         8,373       11.15         93,379        4.44     6.00%

2023

   0.00%         548       10.52         5,770        0.00     5.21%****

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

2024

   0.00%         279,152       16.13         4,501,922        2.27     7.63%

2023

   0.00%         284,151       14.98         4,257,794        0.38    11.00%

2022

   0.00%         286,348       13.50         3,865,428        8.78    -13.79%

2021

   0.00%         288,739       15.66         4,521,017        0.95    12.43%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2020

   0.00%         298,617       13.93         4,158,750        2.06     5.18%

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 1 (NOTGR1)

2024

   0.00%         2,928       12.25         35,868        1.94    11.09%

Northern Lights Variable Trust - TOPS Growth ETF Portfolio: Class 2 (NOTGR2)

2024

   0.00%         128,479       12.11         1,555,912        2.47    10.79%

2023

   0.00%         29       10.93         319        0.00     9.31%****

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 1 (NOTMD1)

2024

   0.00%         478       11.85         5,669        2.48     8.99%

Northern Lights Variable Trust - TOPS Moderate Growth ETF Portfolio: Class 2 (NOTMD2)

2024

   0.00%         31,978       11.74         375,571        2.49     8.84%

2023

   0.00%         537       10.79         5,794        0.00     7.91%****

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

2024

   0.00%         205,549       16.05         3,298,899        2.48     7.58%

2023

   0.00%         219,783       14.92         3,278,828        0.35    10.23%

2022

   0.00%         216,217       13.53         2,926,333        16.40    -13.53%

2021

   0.00%         204,662       15.65         3,203,196        1.03    10.98%

2020

   0.00%         196,859       14.10         2,776,214        2.19     5.90%

New York Life Investments VP Funds Trust - NYLI VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)

2024

   0.00%         5,752        9.99         57,477        1.78     8.26%

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

2024

   0.00%         44,417       16.57         735,836        6.55     3.74%

2023

   0.00%         41,260       15.97         658,859        2.96     8.14%

2022

   0.00%         41,909       14.77         618,847        7.43    -11.84%

2021

   0.00%         67,251       16.75         1,126,482        11.46    16.23%

2020

   0.00%         44,303       14.41         638,454        5.04     8.01%

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Administrative Class (PMVEBA)

2024

   0.00%         86        9.95         853        4.84     7.52%

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

2024

   0.00%         64,948       11.98         778,304        3.37     -3.40%

2023

   0.00%         63,192       12.41         783,946        2.53     6.22%

2022

   0.00%         64,536       11.68         753,742        1.54    -18.98%

2021

   0.00%         93,465       14.42         1,347,379        5.60     -7.52%

2020

   0.00%         91,746       15.59         1,430,110        5.00    10.77%

PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class (PMVHYA)

2024

   0.00%         3       10.79         34        5.93     6.88%

2023

   0.00%         2       10.09         15        0.61    12.24%

PIMCO Variable Insurance Trust - Income Portfolio: Administrative Class (PMVID)

2024

   0.00%         40,963       10.53         431,248        5.70     5.41%

2023

   0.00%         4,722        9.99         47,158        5.21     8.26%

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

2024

   0.00%         366,839       14.23         5,221,115        3.99     4.50%

2023

   0.00%         356,503       13.62         4,855,585        3.61     4.98%

2022

   0.00%         379,381       12.97         4,922,110        1.65     -5.75%

2021

   0.00%         405,321       13.77         5,579,621        0.53     -0.93%

2020

   0.00%         349,835       13.89         4,860,822        1.21     2.99%

PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class (PMVRRA)

2024

   0.00%         9,223        9.37         86,379        2.45     2.13%

2023

   0.00%         6,061        9.17         55,579        2.96     3.69%

2022

   0.00%         3,127        8.84         27,654        0.66    -11.89%****

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

2024

   0.00%         744,084        8.75         6,513,687        2.24     4.16%

2023

   0.00%         669,858        8.40         5,629,739        16.15     -7.85%

2022

   0.00%         661,238        9.12         6,030,959        20.79     8.61%

2021

   0.00%         586,558        8.40         4,925,511        4.20    33.34%

2020

   0.00%         646,652        6.30         4,072,362        6.45     1.35%

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

2024

   0.00%         14,354       13.19         189,309        4.05     2.53%

2023

   0.00%         8,908       12.86         114,585        3.56     5.94%


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2022

   0.00%         3,118       12.14         37,858        2.72    -14.30%

2020

   0.00%         711,898       14.35         10,215,419        2.10     8.64%

PIMCO Variable Insurance Trust - Global Core Bond (Hedged) Portfolio: Administrative Class (PVGCBA)

2024

   0.00%         970        9.83         9,538        3.83     3.55%

2023

   0.00%         552        9.49         5,244        2.24     7.98%

PIMCO Variable Insurance Trust - Short-Term Portfolio: Administrative Class (PVSTA)

2024

   0.00%         81,408       11.21         912,619        4.97     6.05%

2023

   0.00%         73,677       10.57         778,808        4.60     5.91%

2022

   0.00%         8,167        9.98         81,512        1.32     0.99%****

Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IA (PVEIIA)

2024

   0.00%         476,808       24.08         11,483,517        1.18    19.46%

2023

   0.00%         358,685       20.16         7,231,406        2.02    15.92%

2022

   0.00%         256,657       17.39         4,463,738        1.51     -2.87%

2021

   0.00%         135,705       17.91         2,429,846        1.19    27.62%

2020

   0.00%         90,035       14.03         1,263,227        1.57     6.06%

Putnam Variable Trust - Putnam VT International Value Fund: Class IA (PVIVIA)

2024

   0.00%         73,404       14.99         1,100,478        2.45     5.44%

2023

   0.00%         57,039       14.22         811,034        1.59    19.08%

2022

   0.00%         41,414       11.94         494,518        2.08     -6.70%

2021

   0.00%         27,119       12.80         347,062        0.92    15.28%

2020

   0.00%         6,990       11.10         77,600        2.86     4.23%

Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB (PVNOB)

2024

   0.00%         56,463       14.35         809,992        0.09    23.02%

2023

   0.00%         1,473       11.66         17,173        0.00    16.61%****

Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class (ROCMC)

2024

   0.00%         2,977        9.93         29,561        0.00    13.67%

2023

   0.00%         122        8.73         1,064        0.00    18.78%

T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II (TRBCG2)

2024

   0.00%         269       93.00         25,004        0.00    35.17%

2023

   0.00%         77       68.80         5,284        0.00    48.96%

T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II (TREI2)

2023

   0.00%         33       37.02         1,212        1.42     9.31%

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

2024

   0.00%         15,786       66.82         1,054,735        0.00     1.42%

2023

   0.00%         17,451       65.88         1,149,696        0.00     2.68%

2022

   0.00%         16,114       64.16         1,033,868        0.00    -12.69%

2021

   0.00%         16,863       73.48         1,239,126        0.00    12.83%

2020

   0.00%         17,564       65.13         1,143,882        0.00    29.27%

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio (TRHSP)

2024

   0.00%         912,680       49.23         44,928,427        0.00     1.66%

2023

   0.00%         994,082       48.43         48,138,655        0.00     2.96%

2022

   0.00%         917,039       47.03         43,130,804        0.00    -12.47%

2021

   0.00%         824,020       53.74         44,279,060        0.00    13.10%

2020

   0.00%         764,571       47.51         36,324,907        0.00    29.62%

T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II (TRMCG2)

2024

   0.00%         47,216       12.27         579,182        0.00     9.04%

2023

   0.00%         17,147       11.25         192,907        0.00    12.50%****

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

2024

   0.00%         586        7.69         4,506        1.75     1.21%

2023

   0.00%         522        7.60         3,970        3.90     9.77%

2022

   0.00%         346        6.92         2,395        0.29    -24.37%****

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

2024

   0.00%         371,541        9.53         3,540,784        2.44     -2.83%

2023

   0.00%         390,909        9.81         3,833,917        2.77     -3.58%

2022

   0.00%         439,798       10.17         4,473,769        1.68     8.39%

2021

   0.00%         390,754        9.38         3,667,075        0.44    18.92%

2020

   0.00%         334,958        7.89         2,643,366        1.02    19.11%

Vanguard Variable Insurance Fund - Balanced Portfolio (VVB)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2024

   0.00%         27,581       11.41         314,762        0.19    14.80%

2023

   0.00%         68,908        9.94         685,011        0.35    14.33%

Vanguard Variable Insurance Fund - Capital Growth Portfolio (VVCG)

2024

   0.00%         46,286       12.05         557,672        1.07    13.41%

2023

   0.00%         40,369       10.62         428,866        0.42    27.98%

2022

   0.00%         8,483        8.30         70,416        0.00    -15.48%****

Vanguard Variable Insurance Fund - Diversified Value Portfolio (VVDV)

2024

   0.00%         10,836       12.19         132,059        1.34    14.89%

2023

   0.00%         7,282       10.61         77,253        0.84    20.13%

2022

   0.00%         1,385        8.83         12,231        0.00    -11.49%****

Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI)

2024

   0.00%         32,252       12.61         406,740        2.48    15.12%

2023

   0.00%         22,030       10.95         241,332        2.39     8.10%

2022

   0.00%         1,120       10.13         11,350        1.41     -0.66%****

Vanguard Variable Insurance Fund - Equity Index Portfolio (VVEIX)

2024

   0.00%         82,338       13.09         1,077,813        0.86    24.84%

2023

   0.00%         30,456       10.49         319,349        0.76    26.11%

2022

   0.00%         7,581        8.31         63,030        0.00    -18.23%****

Vanguard Variable Insurance Fund - Growth Portfolio (VVG)

2024

   0.00%         45,101       11.97         539,683        0.21    33.14%

2023

   0.00%         20,040        8.99         180,121        0.18    40.13%

2022

   0.00%         6,028        6.41         38,662        0.00    -33.37%****

Vanguard Variable Insurance Fund-Global Bond Index Portfolio (VVGBI)

2024

   0.00%         797        9.38         7,470        2.38     2.03%

2023

   0.00%         527        9.19         4,845        1.09     6.52%

2022

   0.00%         169        8.63         1,458        0.00    -13.13%****

Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)

2024

   0.00%         116,756        9.21         1,075,179        2.65     1.24%

2023

   0.00%         104,686        9.10         952,198        1.38     5.58%

2022

   0.00%         34,620        8.62         298,258        0.00    -13.21%****

Vanguard Variable Insurance Fund - High Yield Bond Portfolio (VVHYB)

2024

   0.00%         5,312       10.81         57,442        4.93     6.45%

2023

   0.00%         3,820       10.16         38,807        4.02    11.67%

2022

   0.00%         1,635        9.10         14,875        0.00     -9.36%****

Vanguard Variable Insurance Fund - International Portfolio (VVI)

2024

   0.00%         80,678        8.18         659,612        1.02     9.01%

2023

   0.00%         50,430        7.50         378,220        0.79    14.65%

2022

   0.00%         4,312        6.54         28,207        0.00    -30.12%****

Vanguard Variable Insurance Fund - Moderate Allocation Portfolio (VVMA)

2024

   0.00%         99,683       10.65         1,061,128        1.88    10.32%

2023

   0.00%         26,040        9.65         251,262        0.00    15.55%

Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)

2024

   0.00%         47,476       10.75         510,598        1.19    15.08%

2023

   0.00%         35,457        9.35         331,382        1.25    15.83%

2022

   0.00%         9,968        8.07         80,429        0.14    -18.82%****

Vanguard Variable Insurance Fund - Real Estate Index Portfolio (VVREI)

2024

   0.00%         40,377        9.17         370,071        2.89     4.74%

2023

   0.00%         27,525        8.75         240,852        2.32    11.70%

2022

   0.00%         18,197        7.83         142,555        0.00    -26.30%****

Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)

2024

   0.00%         17,696       10.44         184,748        3.35     4.89%

2023

   0.00%         18,231        9.95         181,451        0.84     6.16%

2022

   0.00%         1,820        9.38         17,064        0.61     -5.72%****

Vanguard Variable Insurance Fund-Total International Stock Market Index Portfolio (VVTISI)

2024

   0.00%         105,148       10.02         1,053,683        2.78     5.06%

2023

   0.00%         79,261        9.54         756,044        2.74    15.54%

2022

   0.00%         52,580        8.26         434,076        0.00    -16.01%****

Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio (VVTSM)


NATIONWIDE VL SEPARATE ACCOUNT-G NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024

 

      Contract Expense
Rate*
               Units        Unit Fair Value                Contract Owners’
Equity
     Investment
Income
Ratio**
    Total Return***

2024

   0.00%         225,376       12.53         2,824,237        1.10    23.71%

2023

   0.00%         158,640       10.13         1,606,902        0.84    25.95%

2022

   0.00%         66,303        8.04         533,226        0.00    -19.59%****

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

2024

   0.00%         8,949        9.68         86,665        2.90    10.92%

2023

   0.00%         326        8.73         2,842        1.60    11.03%

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

2024

   0.00%         141,297       14.49         2,047,082        2.26    11.15%

2023

   0.00%         130,252       13.03         1,697,702        2.57    11.31%

2022

   0.00%         118,256       11.71         1,384,703        1.75    -25.90%

2021

   0.00%         49,348       15.80         779,802        1.70    46.87%

2020

   0.00%         10,914       10.76         117,426        1.72     -1.33%

 

*

This represents the annual contract expense rate or range of 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 total return or 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.


 

 

LOGO

NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(A Wholly Owned Subsidiary of Nationwide Life Insurance Company)

2024 Statutory Financial Statements and Supplemental Schedules


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

FOR THE YEAR ENDED DECEMBER 31, 2024

TABLE OF CONTENTS

 

     Page  

Independent Auditors’ Report

     1  

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

     4  

Statutory Statements of Operations

     5  

Statutory Statements of Changes in Capital and Surplus

     6  

Statutory Statements of Cash Flow

     7  

Notes to Statutory Financial Statements

     8  

Schedule I – Summary of Investments – Other Than Investments in Related Parties

     43  

Schedule IV – Reinsurance

     44  

Schedule V – Valuation and Qualifying Accounts

     45  


LOGO

Independent Auditors’ Report

Audit Committee of the Board of Directors

Nationwide Life and Annuity Insurance Company:

Opinions

We have audited the financial statements of Nationwide Life and Annuity Insurance Company (the Company), which comprise the statutory statements of admitted assets, liabilities, capital and surplus as of December 31, 2024 and 2023, and the related statutory statements of operations, changes in capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2024, and the related notes to the statutory financial statements.

Unmodified Opinion on Statutory Basis of Accounting

In our opinion, the accompanying financial statements present fairly, in all material respects, the admitted assets, liabilities, capital and surplus of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2024, in accordance with accounting practices prescribed or permitted by the Ohio Department of Insurance (the Department) described in Note 2.

Adverse Opinion on U.S. Generally Accepted Accounting Principles

In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles section of our report, the financial statements do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of the Company as of December 31, 2024 and 2023, or the results of its operations or its cash flows for each of the years in the three-year period ended December 31, 2024.

Basis for Opinions

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

As described in Note 2 to the financial statements, the financial statements are prepared by the Company using accounting practices prescribed or permitted by the Department, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles. The effects on the financial statements of the variances between the statutory accounting practices described in Note 2 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material and pervasive.

 

KPMG LLP, a Delaware limited liability partnership and a member firm of

the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.


LOGO

 

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting practices prescribed or permitted by the Department. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date that the financial statements are issued.

Auditors’ Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

 

 

Exercise professional judgment and maintain professional skepticism throughout the audit.

 

 

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 

 

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.

 

 

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 

 

Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

 

2


LOGO

 

Supplementary Information

Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary information included in Schedule I Summary of Investments - Other Than Investments in Related Parties, Schedule IV Reinsurance, and Schedule V Valuation and Qualifying Accounts is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Securities and Exchange Commission’s Regulation S-X. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

 

/s/ KPMG LLP

Columbus, Ohio

April 8, 2025

 

3


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

 

     December 31,  

(in millions, except share amounts)

   2024     2023  

Admitted assets

    

Invested assets

    

Bonds

   $ 39,396     $ 35,432  

Stocks

     48       49  

Mortgage loans, net of allowance

     9,874       9,037  

Policy loans

     412       301  

Derivative assets

     1,098       937  

Cash, cash equivalents and short-term investments

     2,339       1,628  

Securities lending collateral assets

     162       210  

Other invested assets

     1,404       1,338  
  

 

 

   

 

 

 

Total invested assets

   $ 54,733     $ 48,932  

Accrued investment income

     463       416  

Deferred federal income tax assets, net

     192       175  

Corporate-owned life insurance

     1,729       1,032  

Other assets

     365       316  

Separate account assets

     8,374       5,322  
  

 

 

   

 

 

 

Total admitted assets

   $ 65,856     $ 56,193  
  

 

 

   

 

 

 

Liabilities, capital and surplus

    

Liabilities

    

Future policy benefits and claims

   $ 49,112     $ 43,559  

Asset valuation reserve

     778       662  

Funds held under coinsurance

     1,944       1,753  

Current federal income taxes payable

     47       214  

Securities lending payable

     161       210  

Payable for securities

     1,912       1,182  

Other liabilities

     253       198  

Accrued transfers from separate accounts

     (222     (139

Separate account liabilities

     8,374       5,322  
  

 

 

   

 

 

 

Total liabilities

   $ 62,359     $ 52,961  
  

 

 

   

 

 

 

Capital and surplus

    

Capital shares ($40 par value; authorized, issued and outstanding - 66,000 shares)

   $ 3     $ 3  

Special surplus funds

     32       33  

Additional paid-in capital

     5,159       4,759  

Unassigned deficit

     (1,697     (1,563
  

 

 

   

 

 

 

Total capital and surplus

   $ 3,497     $ 3,232  
  

 

 

   

 

 

 

Total liabilities, capital and surplus

   $ 65,856     $ 56,193  
  

 

 

   

 

 

 

See accompanying notes to statutory financial statements. 

 

4


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

 

Statutory Statements of Operations

 

     Year ended December 31,  

(in millions)

   2024     2023     2022  

Revenues

      

Premiums and annuity considerations

   $ 12,365     $ 9,571     $ 7,282  

Net investment income

     2,077       1,451       1,555  

Reserve adjustment on reinsurance ceded

     (138     (150     (158

Other revenues

     714       129       298  
  

 

 

   

 

 

   

 

 

 

Total revenues

   $ 15,018     $ 11,001     $ 8,977  
  

 

 

   

 

 

   

 

 

 

Benefits and expenses

      

Benefits to policyholders and beneficiaries

   $ 5,311     $ 2,992     $ 2,097  

Increase in reserves for future policy benefits and claims

     5,477       5,294       4,312  

Net transfers to separate accounts

     2,461       1,443       1,104  

Commissions

     1,181       1,002       825  

Other expenses

     644       553       498  
  

 

 

   

 

 

   

 

 

 

Total benefits and expenses

   $ 15,074     $ 11,284     $ 8,836  
  

 

 

   

 

 

   

 

 

 

(Loss) income before federal income tax (benefit) expense and net realized capital losses on investments

   $ (56   $ (283   $ 141  

Federal income tax (benefit) expense

     (9     219       5  
  

 

 

   

 

 

   

 

 

 

(Loss) income before net realized capital losses on investments

   $ (47   $ (502   $ 136  

Net realized capital losses on investments, net of federal income tax expense (benefit) of $1, $(3) and $8 in 2024, 2023 and 2022, respectively and excluding $(6), $(18) and $(12) of net realized capital losses transferred to the interest maintenance reserve in 2024, 2023 and 2022, respectively

     (16     (28     (39
  

 

 

   

 

 

   

 

 

 

Net (loss) income

   $ (63   $ (530   $ 97  
  

 

 

   

 

 

   

 

 

 

See accompanying notes to statutory financial statements.

 

5


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

 

Statutory Statements of Changes in Capital and Surplus

 

            Special     Additional            Capital  
     Capital      surplus     paid-in      Unassigned     and  

(in millions

   shares      funds     capital      deficit     surplus  

Balance as of December 31, 2021

   $ 3      $ —      $ 3,959      $ (1,348   $ 2,614  

Cumulative effect of change in accounting principle (see Note 2)

     —         —        —         13       13  

Correction of errors (see Note 2)

     —         —        —         6       6  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance as of January 1, 2022

   $ 3      $ —      $ 3,959      $ (1,329   $ 2,633  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Capital contributions from Nationwide Life Insurance Company

     —         —        800        —        800  

Net income

     —         —        —         97       97  

Change in asset valuation reserve

     —         —        —         (139     (139

Change in deferred income taxes

     —         —        —         1       1  

Change in nonadmitted assets

     —         —        —         (66     (66

Change in liability for reinsurance in unauthorized companies

     —         —        —         (86     (86

Change in net unrealized capital gains and losses, net of tax expense of $9

     —         —        —         38       38  

Other, net

     —         —        —         (35     (35
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2022

   $ 3      $ —      $ 4,759      $ (1,519   $ 3,243  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Net loss

     —         —        —         (530     (530

Change in asset valuation reserve

     —         —        —         (97     (97

Change in deferred income taxes

     —         —        —         195       195  

Change in nonadmitted assets, including admitted disallowed interest maintenance reserve

     —         33       —         (196     (163

Change in liability for reinsurance in unauthorized companies

     —         —        —         86       86  

Change in net unrealized capital gains and losses, net of tax benefit of $9

     —         —        —         (3     (3

Other, net1

     —         —        —         501       501  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2023

   $ 3      $ 33     $ 4,759      $ (1,563   $ 3,232  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Capital contributions from Nationwide Life Insurance Company

     —         —        400        —        400  

Net loss

     —         —        —         (63     (63

Change in asset valuation reserve

     —         —        —         (116     (116

Change in deferred income taxes

     —         —        —         19       19  

Change in nonadmitted assets

     —         —        —         40       40  

Change in net unrealized capital gains and losses, net of tax expense of $5

     —         —        —         16       16  

Other, net

     —         (1     —         (30     (31
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2024

   $ 3      $ 32     $ 5,159      $ (1,697   $ 3,497  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

1

Includes the net impact on surplus related to the October 1, 2023 recapture of the intercompany life insurance reinsurance agreements with Olentangy Reinsurance, LLC and the implementation of the October 1, 2023 intercompany reinsurance agreement with Eagle Captive Reinsurance, LLC as discussed in Note 10.

See accompanying notes to statutory financial statements.

 

6


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

 

Statutory Statements of Cash Flow

 

     Year ended December 31,  

(in millions)

   2024     2023     2022  

Cash flows from operating activities:

      

Premiums collected, net of reinsurance

   $ 11,521     $ 9,627     $ 7,291  

Net investment income

     2,032       1,385       1,526  

Other revenue

     902       1,579       299  

Policy benefits and claims paid

     (5,386     (3,142     (2,228

Commissions, operating expenses and taxes, other than federal income tax paid

     (1,850     (1,548     (1,307

Net transfers to separate accounts

     (1,176     (1,498     (1,052

Policyholders’ dividends paid

     (1     —        (1

Federal income taxes paid

     (158     (30     (81
  

 

 

   

 

 

   

 

 

 

Net cash provided by operating activities

   $ 5,884     $ 6,373     $ 4,447  
  

 

 

   

 

 

   

 

 

 

Cash flows from investing activities:

      

Proceeds from investments sold, matured or repaid:

      

Bonds

   $ 3,135     $ 1,198     $ 1,461  

Stocks

     —        11       8  

Mortgage loans

     746       705       616  

Other invested assets and other

     1,029       546       64  
  

 

 

   

 

 

   

 

 

 

Total Investment proceeds

   $ 4,910     $ 2,460     $ 2,149  

Cost of investments acquired:

      

Bonds

   $ (7,757   $ (5,195   $ (4,645

Stocks

     —        (1     (7

Mortgage loans

     (1,570     (1,455     (1,596

Derivative assets

     (59     (250     (45

Other invested assets and other

     (265     (383     (1,431
  

 

 

   

 

 

   

 

 

 

Total investments acquired

   $ (9,651   $ (7,284   $ (7,724

Net increase in policy loans

     (111     (85     (48
  

 

 

   

 

 

   

 

 

 

Net cash used in investing activities

   $ (4,852   $ (4,909   $ (5,623
  

 

 

   

 

 

   

 

 

 

Cash flows from financing activities and miscellaneous sources:

      

Capital contributions from Nationwide Life Insurance Company

   $ 400     $ —      $ 800  

Net change in short-term debt

     —        —        (80

Net change in deposits on deposit-type contract funds and other insurance liabilities

     —        (11     158  

Purchase of corporate-owned life insurance

     (650     (500     (500

Other cash used

     (71     (581     (229
  

 

 

   

 

 

   

 

 

 

Net cash (used in) provided by financing activities and miscellaneous sources

   $ (321   $ (1,092   $ 149  
  

 

 

   

 

 

   

 

 

 

Net increase (decrease) in cash, cash equivalents and short-term investments

   $ 711     $ 372     $ (1,027

Cash, cash equivalents and short-term investments at beginning of year

     1,628       1,256       2,283  
  

 

 

   

 

 

   

 

 

 

Cash, cash equivalents and short-term investments at end of year

   $ 2,339     $ 1,628     $ 1,256  
  

 

 

   

 

 

   

 

 

 

Supplemental disclosure of non-cash activities:

      

Assets transferred in connection with pension risk transfer transactions

   $ 1,369     $ —      $ —   

Exchange of bond investments

   $ 247     $ 373     $ 367  

See accompanying notes to statutory financial statements. 

 

7


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements

 

 

 

(1)

Nature of Operations

Nationwide Life and Annuity Insurance Company (“NLAIC” or “the Company”) is an Ohio domiciled stock life insurance company. The Company is a member of the Nationwide group of companies (“Nationwide”), which is comprised of Nationwide Mutual Insurance Company (“NMIC”) and all of its subsidiaries and affiliates.

All of the outstanding shares of NLAIC’s common stock are owned by Nationwide Life Insurance Company (“NLIC”), an Ohio domiciled stock life insurance company. All of the outstanding shares of NLIC’s common stock are owned by Nationwide Financial Services, Inc. (“NFS”), a holding company formed by Nationwide Corporation, a wholly-owned subsidiary of NMIC.

The Company is licensed in 49 states and the District of Columbia. The Company primarily offers individual annuity contracts including fixed annuity contracts, group annuity contracts including pension risk transfer (“PRT”) contracts, life insurance and corporate-owned life insurance (“COLI”) on a non-participating basis. The Company sells its products through a diverse distribution network. Unaffiliated entities that sell, recommend or direct the purchase of the Company’s products to their own customer bases include independent broker-dealers, financial institutions, wirehouses and regional firms, independent marketing organizations and life insurance specialists. Affiliates that market products directly to a customer base include the agency distribution force of the Company’s ultimate majority parent company, NMIC. The Company believes its broad range of competitive products, strong distributor relationships and diverse distribution network position it to compete effectively under various economic conditions.

The Company’s wholly-owned, nonadmitted subsidiary, Olentangy Reinsurance, LLC (“Olentangy”), is a dormant Vermont domiciled special purpose financial insurance company.

The Company’s wholly-owned, nonadmitted subsidiary, Nationwide SBL, LLC (“NWSBL”), is an Ohio limited liability company and offers a securities-backed consumer lending product. A revolving line of credit allows clients to borrow against their taxable investment portfolio to address their financing needs.

The Company is subject to regulation by the insurance departments of states in which it is domiciled and/or transacts business and undergoes periodic examinations by those departments.

As of December 31, 2024 and 2023, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region. Also, the Company did not have a concentration of business transactions with a particular customer, lender, distribution source, market or geographic region in which a single event could cause a severe impact to the Company’s financial position after considering insurance risk that has been transferred to external reinsurers.

 

(2)

Summary of Significant Accounting Policies

Use of Estimates

The preparation of the statutory financial statements requires the Company to make estimates and assumptions that affect the amounts reported in the statutory financial statements and accompanying notes. Significant estimates include certain investment and derivative valuations and future policy benefits and claims. Actual results could differ significantly from those estimates.

Basis of Presentation

The statutory financial statements of the Company are presented on the basis of accounting practices prescribed or permitted by the Ohio Department of Insurance (“the Department”). Prescribed statutory accounting practices are those practices incorporated directly or by reference in state laws, regulations and general administrative rules applicable to all insurance enterprises domiciled in a particular state. Permitted statutory accounting practices include practices not prescribed by the domiciliary state but allowed by the domiciliary state regulatory authority.

The Company has elected to apply a prescribed practice promulgated under Ohio Administrative Code Section 3901-1-67 (“OAC 3901-1-67”) to its derivative instruments hedging indexed products and indexed annuity reserve liabilities in order to better align the measurement of indexed product reserves and the derivatives that hedge them. Under OAC 3901-1-67, derivative instruments are carried at amortized cost with the initial hedge cost amortized over the term and asset payoffs realized at the end of the term being reported through net investment income, rather than the derivative instruments being carried at fair value with asset payoffs realized over the term through net realized capital gains and losses. Additionally, the cash surrender value reserves for indexed annuity products only reflect index interest credits at the end of the crediting term as compared to partial index interest credits accumulating throughout the crediting term in increase in reserves for future policy benefits and claims.

 

8


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Prior to October 1, 2023, Olentangy was granted a permitted practice from the State of Vermont allowing Olentangy to carry the assets placed into a trust account by Union Hamilton Reinsurance Ltd. (“UHRL”) on its statutory statements of admitted assets, liabilities and surplus at net admitted asset value for certain universal life and term life insurance policies. Effective October 1, 2023, Olentangy terminated this permitted practice due to the Company’s recapture of the reinsurance agreements.

If the prescribed or permitted practices were not applied, the Company’s risk-based capital (“RBC”) would continue to be above regulatory action levels. A reconciliation of the Company’s net (loss) income between the National Association of Insurance Commissioners (“NAIC”) Accounting Practices and Procedures manual (“NAIC SAP”) and prescribed practice is shown below:

 

            State of             December 31,         

(in millions)

   SSAP #      Domicile      2024      2023      2022  

Net (Loss) Income

              

Statutory Net (Loss) Income

        OH      $ (63    $ (530    $ 97  

State Prescribed Practice:

              

OAC 3901-1-67:

              

Derivative instruments

     86        OH        189        201        (17

Reserves for indexed annuities

     51        OH        (359      (161      707  

Tax impact

     101        OH        36        (8      (145
        

 

 

    

 

 

    

 

 

 

NAIC SAP

         $ (197    $ (498    $ 642  
        

 

 

    

 

 

    

 

 

 

A reconciliation of the Company’s capital and surplus between the NAIC SAP and prescribed practice is shown below:

 

            State of      As of December 31,  

(in millions)

   SSAP #      Domicile      2024      2023  

Capital and Surplus

           

Statutory Capital and Surplus

        OH      $ 3,497      $ 3,232  

State Prescribed Practice:

           

OAC 3901-1-67:

           

Derivative instruments

     86        OH        898        364  

Reserves for indexed annuities

     51        OH        (610      (251

Tax impact

     101        OH        (60      (24
        

 

 

    

 

 

 

NAIC SAP

         $ 3,725      $ 3,321  
        

 

 

    

 

 

 

Statutory accounting practices vary in some respects from U.S. generally accepted accounting principles (“GAAP”), including the following practices:

Financial Statements

 

   

Statutory financial statements are prepared using language and groupings substantially the same as the annual statements of the Company filed with the NAIC and state regulatory authorities;

 

   

assets must be included in the statutory statements of admitted assets, liabilities, capital and surplus at net admitted asset value and nonadmitted assets are excluded through a charge to capital and surplus;

 

   

an asset valuation reserve (“AVR”) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and changes in the AVR are reported directly in capital and surplus;

 

   

an interest maintenance reserve (“IMR”) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability or other asset, and the amortization of the IMR is reported as revenue;

 

   

the expense allowance associated with statutory reserving practices for investment contracts held in the separate accounts is reported in the general account as a negative liability;

 

   

accounting for contingencies requires recording a liability at the midpoint of a range of estimated possible outcomes when no better estimate in the range exists;

 

   

costs related to successful policy acquisitions are charged to operations in the year incurred;

 

   

negative cash balances are reported as negative assets;

 

9


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

   

certain income and expense items are charged or credited directly to capital and surplus;

 

   

amounts on deposit in internal qualified cash pools are reported as cash equivalents;

 

   

the statutory statements of cash flow are presented on the basis prescribed by the NAIC; and

 

   

the statutory financial statements do not include accumulated other comprehensive income.

Future Policy Benefits and Claims

 

   

Deposits to universal life contracts, investment contracts and limited payment contracts are included in revenue; and

 

   

future policy benefit reserves are based on statutory requirements.

Reinsurance Ceded

 

   

Certain assets and liabilities are reported net of ceded reinsurance balances; and

 

   

provision is made for amounts receivable and outstanding for more than 90 days through a charge to capital and surplus.

Investments

 

   

Investments in bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value;

 

   

investments in preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value;

 

   

other-than-temporary impairments on bonds, excluding loan-backed and structured securities, are measured based on fair value and are not reversible;

 

   

the proportional amortized cost method is utilized to determine the liquidation value of Low-Income Housing Tax Credit Funds (“Tax Credit Funds”);

 

   

admitted subsidiary, controlled and affiliated entities are not consolidated; rather, those investments are generally carried at audited statutory capital and surplus or GAAP equity, as appropriate, and are recorded as an equity investment in stocks or other invested assets;

 

   

equity in earnings of subsidiary companies is recognized directly in capital and surplus as net unrealized capital gains or losses, while dividends from unconsolidated companies are recorded in operations as net investment income;

 

   

undistributed earnings and valuation adjustments from investments in joint ventures, partnerships and limited liability companies are recognized directly in capital and surplus as net unrealized capital gains or losses; and

 

   

gains on sales of investments between affiliated companies representing economic transactions are deferred at the parent level until the related assets are paid down or an external sale occurs.

Separate Accounts

 

   

Assets and liabilities of guaranteed separate accounts are reported as separate account assets and separate account liabilities, respectively.

Derivative Instruments

 

   

Derivatives used in effective hedging transactions are valued in a manner consistent with the hedged asset or liability;

 

   

with the exception of derivatives applying the prescribed practice under OAC 3901-1-67, unrealized gains and losses on derivatives that are not considered to be effective hedges are charged to capital and surplus;

 

   

interest earned on derivatives is charged to net investment income; and

 

   

embedded derivatives are not separated from the host contract and accounted for separately as a derivative instrument.

 

10


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Federal Income Taxes

 

   

Changes in deferred federal income taxes are recognized directly in capital and surplus with limitations on the amount of deferred tax assets that can be reflected as an admitted asset (15% of capital and surplus); and

 

   

uncertain tax positions are subject to a “more likely than not” standard for federal and foreign income tax loss contingencies only.

Nonadmitted Assets

 

   

In addition to the nonadmitted assets described above, certain other assets are nonadmitted and charged directly to capital and surplus. These include prepaid assets, certain software and other receivables outstanding for more than 90 days.

The financial information included herein is prepared and presented in accordance with SAP prescribed or permitted by the Department. Certain differences exist between SAP and GAAP, which are presumed to be material.

Revenues and Benefits

Life insurance premiums are recognized as revenue over the premium paying period of the related policies when due. Annuity considerations are recognized as revenue when received. Policy benefits and claims that are expensed include interest credited to policy account balances, benefits and claims incurred in the period in excess of related policy reserves and other changes in future policy benefits.

Future Policy Benefits and Claims

Future policy benefits for traditional products are based on statutory mortality and interest requirements without consideration of withdrawals. The principal statutory mortality tables and interest assumptions used on policies in force are the 1958 Commissioner’s Standard Ordinary (“CSO”) table at interest rates of 2.5%, 3.0%, 3.5%, 4.0% and 4.5%, the 1980 CSO table at interest rates of 4.0%, 4.5%, 5.0% and 5.5%, the 2001 CSO table at an interest rate of 3.5% and 4.0% and the 2017 CSO table at an interest rate of 3.5% and 4.5%. The Company has applied principle-based reserving to all new individual life business. For business subject to principle-based reserving, additional reserves may be held where the deterministic and/or stochastic reserves are in excess of net premium reserves, as defined by Valuation Manual 20, Requirements for Principle-Based Reserves for Life Products (“VM-20”).

Future policy benefits for universal life and variable universal life contracts have been calculated based on participants’ contributions plus interest credited on any funds in the fixed account less applicable contract charges. These policies have been adjusted for possible future surrender charges in accordance with the Commissioner’s Reserve Valuation Method (“CRVM”). For business subject to principle-based reserving, the Company has calculated reserves under VM-20.

Future policy benefits for annuity products have been established based on contract term, interest rates and various contract provisions. Individual deferred annuity contracts issued in 1990 and after have been adjusted for possible future surrender charges in accordance with the Commissioner’s Annuity Reserve Valuation Method (“CARVM”).

Future policy benefits for PRT contracts have been established in accordance with the CRVM. Statutory reserves for PRT business are calculated as the present value of future benefit payments, using the prescribed 1994 Group Annuity Mortality table along with the AA projection mortality improvement scale and prescribed valuation rates as specified in Chapter 22 of the Valuation Manual.

The Company calculated its reserves for variable annuities using a stochastic reserve, which is floored at the cash surrender value, per Valuation Manual 21, Requirements for Principle-Based Reserves for Variable Annuities.

The aggregate reserves for individual accident and health policies consist of disabled life reserves and unearned premium reserves. The disabled life reserves are calculated using the 1952 Accidental Death Benefits table at 3.0% interest. Unearned premium reserves are based on the actual gross premiums and actual days.

The aggregate reserves for group accident and health and franchise accident and health policies consist of unearned premium reserves and claim reserves. The claim reserves are comprised of amounts to be paid on incurred but unreported claims plus benefits payable on disabled life claims. Disabled life claims for group long-term disability policies are based on the 1987 Commissioner’s Group Disability table, primarily discounted at 3.5%, 4.0% and 4.5% interest. Future policy benefits on other group health policies are not discounted.

 

11


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The Company issues fixed and floating rate funding agreements to the Federal Home Loan Bank of Cincinnati (“FHLB”). The liabilities for such funding agreements are treated as annuities under Ohio law for life insurance companies and recorded in future policy benefits and claims. Refer to Note 9 for additional details.

Separate Accounts

Separate account assets represent contractholders’ funds that have been legally segregated into accounts with specific investment objectives. Separate account assets are primarily recorded at fair value, with the value of separate account liabilities set to equal the fair value of separate account assets. Separate account assets are primarily comprised of public, privately-registered and non-registered mutual funds, whose fair value is primarily based on the funds’ net asset value. Other separate account assets are recorded at fair value based on the methodology that is applicable to the underlying assets. In limited circumstances, other separate account assets are recorded at book value when the policyholder does not participate in the underlying portfolio experience.

Separate account liabilities, in conjunction with accrued transfers from separate accounts, represent contractholders’ funds adjusted for possible future surrender charges in accordance with the CARVM and the CRVM, respectively. The difference between full account value and CARVM/CRVM is reflected in accrued transfers to/from separate accounts, as prescribed by the NAIC, in the statutory statements of admitted assets, liabilities, capital and surplus. The annual change in the difference between full account value and CARVM/CRVM and its applicable federal income tax is reflected in the statutory statements of operations as part of the net transfers to/from separate accounts and federal income tax, respectively.

Retained Assets

The Company does not retain beneficiary assets. During a death benefit claim, the death benefit settlement method is payment to the beneficiary in the form of a check or electronic funds transfer.

Investments

Bonds and stocks of unaffiliated companies. Bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value. Preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value. Common stocks are stated at fair value. Changes in the fair value of bonds and stocks stated at fair value are charged to capital and surplus.

Loan-backed and structured securities, which are included in bonds in the statutory financial statements, are stated in a manner consistent with the bond guidelines, but with additional consideration given to the special valuation rules implemented by the NAIC applicable to residential mortgage-backed securities that are not backed by U.S. government agencies, commercial mortgage-backed securities and certain other structured securities. Under these guidelines, an initial and adjusted NAIC designation is determined for each security. The initial NAIC designation, which takes into consideration the security’s amortized cost relative to an NAIC-prescribed valuation matrix, is used to determine the reporting basis (i.e., amortized cost or lower of amortized cost or fair value).

Interest income is recognized when earned, while dividends are recognized when declared. The Company nonadmits investment income due and accrued when amounts are over 90 days past due.

For investments in loan-backed and structured securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method based on prepayment assumptions, generally obtained using a model provided by a third-party vendor, and the estimated economic life of the securities. When actual prepayments differ significantly from estimated prepayments, the effective-yield is recalculated to reflect actual payments to date and anticipated future payments. Any resulting adjustment is included in net investment income in the period the estimates are revised. All other investment income is recorded using the effective-yield method without anticipating the impact of prepayments.

Purchases and sales of bonds and stocks are recorded on the trade date, with the exception of private placement bonds, which are recorded on the funding date. Realized gains and losses are determined on a specific identification method on the trade date.

Independent pricing services are most often utilized to determine the fair value of bonds and stocks for which market quotations, quotations on comparable securities or models are used. These are compared to pricing from additional sources when available. Pricing may also be received directly from third-party managers who utilize various methodologies, primarily discounted cash flow models using market-based interest rates and spreads, adjusted for borrower-specific factors. For these bonds and stocks, the Company obtains the pricing services’ and managers’ methodologies and classifies the investments accordingly in the fair value hierarchy.

 

12


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Corporate pricing matrices are used in valuing certain bonds. The corporate pricing matrices were developed using publicly and privately available spreads segmented by various weighted average lives and credit quality ratings. Certain private placement bonds have adjusted spreads to capture the impacts of liquidity premium based on industry sector. The weighted average life and credit quality rating of a particular bond to be priced using those matrices are important inputs into the model and are used to determine a corresponding spread that is added to the appropriate industry sector or U.S. Treasury yield to create an estimated market yield for that bond. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular bond.

Non-binding broker quotes are also utilized to determine the fair value of certain bonds when deemed appropriate or when valuations are not available from independent pricing services or corporate pricing matrices. These bonds are classified with the lowest priority in the fair value hierarchy as only one broker quote is ordinarily obtained, the investment is not traded on an exchange, the pricing is not available to other entities and/or the transaction volume in the same or similar investments has decreased. Inputs used in the development of prices are not provided to the Company by the brokers, as the brokers often do not provide the necessary transparency into their quotes and methodologies. At least annually, the Company performs reviews and tests to ensure that quotes are a reasonable estimate of the investment’s fair value. Price movements of broker quotes are subject to validation and require approval from the Company’s management. Management uses its knowledge of the investment and current market conditions to determine if the price is indicative of the investment’s fair value.

For all bonds, the Company considers its ability and intent to hold the security for a period of time sufficient to allow for the anticipated recovery in value, the expected recovery of principal and interest and the extent to which the fair value has been less than amortized cost. If the decline in fair value to below amortized cost is determined to be other-than-temporary, a realized loss is recorded equal to the difference between the amortized cost of the investment and its fair value.

The Company periodically reviews loan-backed and structured securities in an unrealized loss position by comparing the present value of cash flows, including estimated prepayments, expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected, discounted at the security’s effective interest rate, is less than the amortized cost basis of the security, the impairment is considered other-than-temporary and a realized loss is recorded.

All other bonds in an unrealized loss position are periodically reviewed to determine if a decline in fair value to below amortized cost is other-than-temporary. Factors considered during this review include timing and amount of expected cash flows, ability of the issuer to meet its obligations, financial condition and future prospects of the issuer, amount and quality of any underlying collateral and current economic and industry conditions that may impact an issuer.

Stocks may experience other-than-temporary impairment based on the prospects for full recovery in value in a reasonable period of time and the Company’s ability and intent to hold the stock to recovery. If a stock is determined to be other-than-temporarily impaired, a realized loss is recorded equal to the difference between the cost basis of the investment and its fair value.

Mortgage loans, net of allowance. The Company holds commercial mortgage loans that are collateralized by properties throughout the U.S. Mortgage loans are held at unpaid principal balance adjusted for premiums and discounts, less an allowance for credit losses. The Company also holds commercial mortgage loans of these property types that are under development. Mortgage loans under development are collateralized by first-priority liens on real estate, partnership equity interests and common stock.

As part of the underwriting process, specific guidelines are followed to ensure the initial quality of a new mortgage loan. Third-party appraisals are obtained to support loaned amounts as the loans are collateral dependent or guaranteed.

The collectability and value of a mortgage loan is based on the ability of the borrower to repay and/or the value of the underlying collateral. Many of the Company’s mortgage loans are structured with balloon payment maturities, exposing the Company to risks associated with the borrowers’ ability to make the balloon payment or refinance the property. Loans are considered delinquent when contractual payments are 90 days past due.

Mortgage loans require an allowance for credit losses when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. When management determines that a loan requires an allowance for credit losses, a provision for losses is established equal to the difference between the carrying value and the fair value of the collateral less costs to sell. Allowance for credit losses charges are recorded in net unrealized capital gains and losses. In the event an allowance for credit losses charge is reversed, the recovery is also recorded in net unrealized capital gains and losses. If the mortgage loan is determined to be other-than-temporarily impaired, a realized loss is recorded equal to the difference between the cost basis of the loan and the fair value of the collateral less estimated costs to obtain and sell. Any previously recorded allowance for credit losses is reversed.

 

13


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Management evaluates the credit quality of individual mortgage loans and the portfolio as a whole through a number of loan quality measurements, including, but not limited to, loan-to-value (“LTV”) and debt service coverage (“DSC”) ratios. The LTV ratio is calculated as a ratio of the amortized cost of a loan to the estimated value of the underlying collateral. DSC is the amount of cash flow generated by the underlying collateral of the mortgage loan available to meet periodic interest and principal payments of the loan. These loan quality measurements contribute to management’s assessment of relative credit risk in the mortgage loan portfolio. Based on underwriting criteria and ongoing assessment of the properties’ performance, management believes the amounts, net of an allowance for credit losses, are collectible. This process identifies the risk profile and potential for loss individually and in the aggregate for the commercial mortgage loan portfolios. These factors are updated and evaluated at least annually. Due to the nature of the collateral underlying mortgage loans under development, these loans are not evaluated using the LTV and DSC ratios described above and instead are evaluated using other qualitative metrics.

Interest income on performing mortgage loans is recognized in net investment income over the life of the loan using the effective-yield method. Loans in default or in the process of foreclosure are placed on non-accrual status. Interest received on non-accrual status mortgage loans is included in net investment income in the period received. Loans are restored to accrual status when the principal and interest is current, and it is determined the future principal and interest payments are probable or the loan is modified.

Policy loans. Policy loans, which are collateralized by the related insurance policy, are held at the outstanding principal balance and do not exceed the net cash surrender value of the policy. As such, no valuation allowance for policy loans is required.

Cash and cash equivalents. Cash and cash equivalents include highly liquid investments with original maturities of less than three months and amounts on deposit in internal qualified cash pools. The Company and various affiliates maintain agreements with Nationwide Cash Management Company (“NCMC”), an affiliate, under which NCMC acts as a common agent in handling the purchase and sale of short-term securities for the respective accounts of the participants in the internal qualified cash pool.

Short-term investments. Short-term investments primarily consist of outstanding unsecured promissory notes with initial maturity dates of one-year or less with certain affiliates. The Company carries short-term investments at amortized cost, which approximates fair value.

Securities lending. The Company has entered into securities lending agreements with a custodial bank whereby eligible securities are loaned to third parties, primarily major brokerage firms. These transactions are used to generate additional income in the securities portfolio. The Company is entitled to receive from the borrower any payments of interest and dividends received on loaned securities during the loan term. The agreements require a minimum of 102% of the fair value of the loaned securities to be held as collateral. Cash collateral is invested by the custodial bank in investment-grade securities, which are included in the total invested assets of the Company. Periodically, the Company may receive non-cash collateral, which would be recorded off-balance sheet. The Company recognizes loaned securities in bonds. A securities lending payable is recorded for the amount of cash collateral received. If the fair value of the collateral received (cash and/or securities) is less than the fair value of the securities loaned, the shortfall is nonadmitted. Net income received from securities lending activities is included in net investment income. Because the borrower or the Company may terminate a securities lending transaction at any time, if loans are terminated in advance of the reinvested collateral asset maturities, the Company would repay its securities lending obligations from operating cash flows or the proceeds of sales from its investment portfolio, which includes significant liquid securities.

Other invested assets. Other invested assets consist primarily of alternative investments in hedge funds, private equity funds, private debt funds, tax credit funds, real estate funds and partnerships, limited liability companies and joint ventures. Except for investments in certain tax credit funds, these investments are recorded using the equity method of accounting. Changes in carrying value as a result of the equity method are reflected as net unrealized capital gains and losses as a direct adjustment to capital and surplus. Gains and losses are generally recognized through income at the time of disposal or when operating distributions are received. Partnership interests in tax credit funds are held at amortized cost with amortization charged to net investment income over the period in which the tax benefits, primarily credits, are earned. Tax credits are recorded as an offset to tax expense in the period utilized.

Derivative Instruments

The Company uses derivative instruments to manage exposures and mitigate risks primarily associated with interest rates, equity markets and foreign currency. These derivative instruments primarily include interest rate swaps, cross-currency swaps, total return swaps, futures and options.

 

14


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Derivative instruments used in hedging transactions considered to be effective hedges are reported in a manner consistent with the hedged items. With the exception of derivatives applying the prescribed practice under OAC 3901-1-67, derivative instruments used in hedging transactions that do not meet or no longer meet the criteria of an effective hedge are accounted for at fair value with changes in fair value recorded in capital and surplus as unrealized gains or losses.

The fair value of derivative instruments is determined using various valuation techniques relying predominantly on observable market inputs and internal models. These inputs include interest rate swap curves, credit spreads, interest rates, counterparty credit risk, equity volatility and equity index levels.

The Company’s derivative transaction counterparties are generally financial institutions. To reduce the credit risk associated with open contracts, the Company enters into master netting agreements which permit the closeout and netting of transactions with the same counterparty upon the occurrence of certain events. In addition, the Company attempts to reduce credit risk by obtaining collateral from counterparties. The determination of the need for and the levels of collateral vary based on an assessment of the credit risk of the counterparty. The Company accepts collateral in the forms of cash and marketable securities. Non-cash collateral received is recorded off-balance sheet.

Cash flows and payment accruals on derivatives are recorded in net investment income in the statutory statements of operations and cash flow. Cash flows associated with the acquisition, maturity, and termination of derivative instruments are recorded as investing activities in derivative assets in the statutory statements of cash flow.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. In determining fair value, the Company uses various methods, including market, income and cost approaches.

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

The Company categorizes assets and liabilities held at fair value in the statutory statements of admitted assets, liabilities, capital and surplus as follows:

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

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

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimates of the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs. Primary inputs to this valuation technique include broker quotes and comparative trades.

The Company reviews its fair value hierarchy classifications for assets and liabilities quarterly. Changes in the observability of significant valuation inputs identified during these reviews may trigger reclassifications. Reclassifications are reported as transfers at the beginning of the reporting period in which the change occurs.

 

15


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Corporate-Owned Life Insurance

The following table summarizes COLI, which is held at cash surrender value, as of the dates indicated:

 

     December 31,  

(in millions)

   2024      2023  

Corporate-owned life insurance:

     

Variable life insurance1

   $ 1,729      $ 1,032  
  

 

 

    

 

 

 

Total corporate-owned life insurance

   $ 1,729      $ 1,032  
  

 

 

    

 

 

 

 

  1

The investments underlying the variable life insurance policies are 63% cash and short-term investments, 15% bonds and 22% other invested assets as of December 31, 2024. The investments underlying the variable life insurance policies are 64% cash and short-term investments, 17% real estate, 14% bonds and 5% other invested assets as of December 31, 2023.

Asset Valuation Reserve

The Company maintains an AVR as prescribed by the NAIC for the purpose of offsetting potential credit related investment losses on each invested asset category, excluding cash, policy loans and income receivable. The AVR contains a separate component for each category of invested assets. The change in AVR is charged or credited directly to capital and surplus.

Interest Maintenance Reserve

The Company records an IMR as prescribed by the NAIC, which represents the net deferral for interest-related gains or losses arising from the sale of certain investments, such as bonds, mortgage loans and loan-backed and structured securities sold. The IMR is applied as follows:

 

   

for bonds, the designation from the NAIC Capital Markets and Investments Analysis Office must not have changed more than one designation between the beginning of the holding period and the date of sale;

 

   

the bond must never have been classified as a default security;

 

   

for mortgage loans, during the prior two years, they must not have had interest more than 90 days past due, been in the process of foreclosure or in the course of voluntary conveyance, nor had restructured terms; and

 

   

for loan-backed and structured securities, all interest-related other-than-temporary impairments and interest-related realized gains or losses on sales of the securities.

The realized gains or losses, net of related federal income tax, from the applicable bonds and mortgage loans sold, have been removed from the net realized gain or loss amounts and established as the IMR. The IMR is amortized into income such that the amount of each capital gain or loss amortized in a given year is based on the excess of the amount of income which would have been reported that year, if the asset had not been disposed of over the amount of income which would have been reported had the asset been repurchased at its sale price. In the event the unamortized IMR liability balance is negative, the balance is reclassified to an asset and evaluated for admittance under INT 23-01, Net Negative (Disallowed) Interest Maintenance Reserve (“INT 23-01”). The Company utilizes the grouped method for amortization. Under the grouped method, the IMR is amortized into income over the remaining period to expected maturity based on the groupings of the individual securities into five-year bands. Refer to Recently Adopted Accounting Standards for additional discussion of IMR.

Federal Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets, net of any nonadmitted portion and statutory valuation allowance, and deferred tax liabilities, are recognized for the expected future tax consequences attributable to differences between the statutory financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. The change in deferred taxes is recognized directly in surplus, with the impact of taxes on unrealized capital gains or losses and nonadmitted assets reported separately in the statutory statements of changes in capital and surplus.

The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to change the provision for federal income taxes recorded in the statutory financial statements, which could be significant.

 

16


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Tax reserves are reviewed regularly and are adjusted as events occur that the Company believes impact its liability for additional taxes, such as lapsing of applicable statutes of limitations, conclusion of tax audits or substantial agreement with taxing authorities on the deductibility/nondeductibility of uncertain items, additional exposure based on current calculations, identification of new issues, release of administrative guidance or rendering of a court decision affecting a particular tax issue. The Company believes its tax reserves reasonably provide for potential assessments that may result from Internal Revenue Service (“IRS”) examinations and other tax-related matters for all open tax years.

The Company is included in the NMIC consolidated federal income tax return.

Reinsurance Ceded

The Company cedes insurance to other companies in order to limit potential losses and to diversify its exposures. Such agreements do not relieve the Company of its primary obligation to the policyholder in the event the reinsurer is unable to meet the obligations it has assumed. Reinsurance premiums ceded and reinsurance recoveries on benefits and claims incurred are deducted from the respective income and expense accounts. Assets and liabilities related to reinsurance ceded are reported in the statutory statements of admitted assets, liabilities, capital and surplus on a net basis within the related future policy benefits and claims of the Company.

Accounting Changes and Corrections of Errors

During 2022, the Company modified its approach used to schedule the reversals of its deferred tax asset for policyholder reserves under Statement of Statutory Accounting Principles (“SSAP”) No. 101, Income Taxes (“SSAP 101”). Effective January 1, 2022, the Company updated its methodology to include additional data and analysis of reversal patterns driven by policy counts and lapses to calculate the reversal of the deferred tax asset for policyholder reserves. The impact of the change increased the Company’s net admitted deferred tax asset $14 million and $13 million as of December 31, 2022 and January 1, 2022, respectively, with a commensurate increase in capital and surplus. There was no impact on net income.

During 2022, the Company identified and corrected an error in annuity product allocation drivers for general operating expenses between the Company and NLIC that resulted in an overstatement of the Company’s general insurance expenses for the years ended December 31, 2021, 2020 and 2019. In accordance with SSAP No. 3, Accounting Changes and Corrections of Errors (“SSAP No. 3”), the total prior period correction was recorded as an increase to total surplus of $45 million, an increase to total assets of $44 million and a decrease to total liabilities of $1 million as of January 1, 2022.

During 2022, the Company identified and corrected an error in applying the accounting treatment for dynamically hedged derivative instruments under OAC 3901-1-67 at adoption, as discussed above. In accordance with SSAP No. 3, the total prior period correction was recorded as a decrease to total surplus and an increase to total liabilities of $39 million as of January 1, 2022.

Recently Adopted Accounting Standards

Effective December 31, 2023, the Company adopted INT 23-04, Life Reinsurance Liquidation Questions, that addresses accounting and reporting questions about a recent life reinsurer liquidation. On July 18, 2023, Scottish Re U.S. (“SRUS”) was declared insolvent and ordered liquidated by the Court of Chancery of the State of Delaware, resulting in termination of the reinsurance agreements between the Company and SRUS on September 30, 2023, and recapture of the ceded liabilities. The Company has accrued adequate provisions as of December 31, 2023, in accordance with SSAP No. 5R, Liabilities, Contingencies and Impairments of Assets, related to SRUS reinsurance recoverables. During 2024, the Company received a final payment from the assets previously held in a trust by SRUS that secured annuity reinsurance recoverables of $38 million in full satisfaction of the outstanding annuity reinsurance recoverables from SRUS.

Effective September 30, 2023, the Company adopted INT 23-01, a short-term solution related to the accounting treatment of an insurer’s negative IMR balance. INT 23-01 allows an insurer with an authorized control level RBC greater than 300%, after an adjustment to total adjusted capital, to admit negative IMR up to 10% of its general account capital and surplus, subject to certain restrictions and reporting obligations. The admitted disallowed IMR in the separate accounts was immaterial as of December 31, 2024. There was no admitted disallowed IMR in the separate accounts as of December 31, 2023. Fixed income investments generating IMR losses comply with the Company’s investment policies. There are no deviations from the investment policies and sales were not compelled by liquidity pressures. The Company has not allocated gains or losses to IMR from derivatives that were reported at fair value prior to the termination of the derivative. As of December 31, 2024 and 2023, the Company has $32 million and $33 million, respectively, of admitted disallowed IMR in capital and surplus in the general account.

Subsequent Events

The Company evaluated subsequent events through April 8, 2025, the date the statutory financial statements were issued.

 

17


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(3)

Analysis of Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics

The following table summarizes the analysis of individual annuity actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

            Separate                
     General      account non-             % of  

(in millions)

   account1      guaranteed      Total      Total  

December 31, 2024

           

Subject to discretionary withdrawal:

           

With market value adjustment

   $ 31,657      $ —       $ 31,657        90

At book value less current surrender charge of 5% or more

     924        —         924        3

At fair value

     —         273        273        1
  

 

 

    

 

 

    

 

 

    

 

 

 

Total with market value adjustment or at fair value

   $ 32,581      $ 273      $ 32,854        94

At book value without adjustment (minimal or no charge or adjustment)

     2,243        —         2,243        6

Not subject to discretionary withdrawal

     34        —         34        0
  

 

 

    

 

 

    

 

 

    

 

 

 

Total, gross

   $ 34,858      $ 273      $ 35,131        100

Less: Reinsurance ceded

     (2,327      —         (2,327   
  

 

 

    

 

 

    

 

 

    

Total, net

   $ 32,531      $ 273      $ 32,804     
  

 

 

    

 

 

    

 

 

    

Amount included in ‘Subject to discretionary withdrawal at book value less current surrender charge of 5% or more’ that will move to ‘Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)’

   $ 174      $ —       $ 174     
  

 

 

    

 

 

    

 

 

    

December 31, 2023

           

Subject to discretionary withdrawal:

           

With market value adjustment

   $ 28,460      $ —       $ 28,460        89

At book value less current surrender charge of 5% or more

     939        —         939        3

At fair value

     6        264        270        1
  

 

 

    

 

 

    

 

 

    

 

 

 

Total with market value adjustment or at fair value

   $ 29,405      $ 264      $ 29,669        93

At book value without adjustment (minimal or no charge or adjustment)

     2,073        —         2,073        7

Not subject to discretionary withdrawal

     23        —         23        0
  

 

 

    

 

 

    

 

 

    

 

 

 

Total, gross

   $ 31,501      $ 264      $ 31,765        100

Less: Reinsurance ceded

     (1,855      —         (1,855   
  

 

 

    

 

 

    

 

 

    

Total, net

   $ 29,646      $ 264      $ 29,910     
  

 

 

    

 

 

    

 

 

    

Amount included in ‘Subject to discretionary withdrawal at book value less current surrender charge of 5% or more’ that will move to ‘Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)’

   $ 170      $ —       $ 170     
  

 

 

    

 

 

    

 

 

    

 

  1

Includes reserves applying the prescribed practice under OAC 3901-1-67, as disclosed in Note 2.

 

18


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the analysis of group annuity actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

(in millions)

   General
account
     Separate
account with
guarantees
     Separate
account non-
guaranteed
     Total      % of
Total
 

December 31, 2024

              

Subject to discretionary withdrawal:

              

At fair value

   $ —       $ —       $ 59      $ 59        1
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total with market value adjustment or at fair value

   $ —       $ —       $ 59      $ 59        1

At book value without adjustment
(minimal or no charge or adjustment)

     9        —         —         9        0

Not subject to discretionary withdrawal

     764        4,988        —         5,752        99
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, gross

   $ 773      $ 4,988      $ 59      $ 5,820        100
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, net

   $ 773      $ 4,988      $ 59      $ 5,820     
  

 

 

    

 

 

    

 

 

    

 

 

    

December 31, 2023

              

Subject to discretionary withdrawal:

              

At fair value

   $ —       $ —       $ 57      $ 57        2
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total with market value adjustment or at fair value

   $ —       $ —       $ 57      $ 57        2

At book value without adjustment
(minimal or no charge or adjustment)

     10        —         —         10        0

Not subject to discretionary withdrawal

     507        2,651        —         3,158        98
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, gross

   $ 517      $ 2,651      $ 57      $ 3,225        100
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, net

   $ 517      $ 2,651      $ 57      $ 3,225     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

19


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the analysis of deposit-type contracts and other liabilities without life or disability contingencies by withdrawal characteristics, as of the dates indicated:

 

(in millions)

   General
account
     Total      % of
Total
 

December 31, 2024

        

Subject to discretionary withdrawal:

        

At fair value

   $ 6      $ 6        1
  

 

 

    

 

 

    

 

 

 

Total with market value adjustment or at fair value

   $ 6      $ 6        1

At book value without adjustment (minimal or no charge or adjustment)

     34        34        6

Not subject to discretionary withdrawal

     565        565        93
  

 

 

    

 

 

    

 

 

 

Total, gross

   $ 605      $ 605        100
  

 

 

    

 

 

    

 

 

 

Total, net

   $ 605      $ 605     
  

 

 

    

 

 

    

December 31, 2023

        

Subject to discretionary withdrawal:

        

At fair value

   $ —       $ —         0
  

 

 

    

 

 

    

 

 

 

Total with market value adjustment or at fair value

   $ —       $ —         0

At book value without adjustment (minimal or no charge or adjustment)

     33        33        5

Not subject to discretionary withdrawal

     571        571        95
  

 

 

    

 

 

    

 

 

 

Total, gross

   $ 604      $ 604        100
  

 

 

    

 

 

    

 

 

 

Total, net

   $ 604      $ 604     
  

 

 

    

 

 

    

The following table is a reconciliation of total annuity actuarial reserves and deposit fund liabilities, as of the dates indicated:

 

     December 31,  

(in millions)

   2024      2023  

Life, accident and health annual statement:

     

Annuities, net (excluding supplemental contracts with life contingencies)

   $ 33,296      $ 30,154  

Supplemental contracts with life contingencies, net

     8        9  

Deposit-type contracts

     605        604  
  

 

 

    

 

 

 

Subtotal

   $ 33,909      $ 30,767  

Separate accounts annual statement:

     

Annuities, net (excluding supplemental contracts with life contingencies)

   $ 5,320      $ 2,972  
  

 

 

    

 

 

 

Subtotal

   $ 5,320      $ 2,972  
  

 

 

    

 

 

 

Total annuity actuarial reserves and deposit fund liabilities, net

   $ 39,229      $ 33,739  
  

 

 

    

 

 

 

 

20


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the analysis of life insurance actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

     General account      Separate account - nonguaranteed  

(in millions)

   Account
value
     Cash
value
     Reserve      Account
value
     Cash
value
     Reserve  

December 31, 2024

                 

Subject to discretionary withdrawal, surrender values or policy loans:

                 

Term policies with cash value

   $ —       $ 17      $ 18      $ —       $ —       $ —   

Universal life

     338        334        359        —         —         —   

Universal life with secondary guarantees

     2,899        2,656        8,253        —         —         —   

Indexed universal life with secondary guarantees

     7,596        6,262        6,801        —         —         —   

Other permanent cash value life insurance

     —         212        318        —         —         —   

Variable life

     333        309        645        2,860        2,654        2,654  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Subtotal

   $ 11,166      $ 9,790      $ 16,394      $ 2,860      $ 2,654      $ 2,654  

Not subject to discretionary withdrawal or no cash value:

                 

Term policies without cash value

     —         —         1,332        —         —         —   

Disability - active lives

     —         —         74        —         —         —   

Disability - disabled lives

     —         —         62        —         —         —   

Miscellaneous reserves

     —         —         217        —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, gross

   $ 11,166      $ 9,790      $ 18,079      $ 2,860      $ 2,654      $ 2,654  

Less: Reinsurance ceded

     (386      (352      (2,924      —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, net

   $ 10,780      $ 9,438      $ 15,155      $ 2,860      $ 2,654      $ 2,654  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

21


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

     General account      Separate account - nonguaranteed  

(in millions)

   Account
value
     Cash
value
     Reserve      Account
value
     Cash
value
     Reserve  

December 31, 2023

                 

Subject to discretionary withdrawal, surrender values or policy loans:

                 

Term policies with cash value

   $ —       $ 17      $ 18      $ —       $ —       $ —   

Universal life

     340        336        361        —         —         —   

Universal life with secondary guarantees

     2,727        2,359        7,293        —         —         —   

Indexed universal life with secondary guarantees

     6,219        4,949        5,522        —         —         —   

Other permanent cash value life insurance

     —         196        298        —         —         —   

Variable life

     281        257        546        2,328        2,158        2,158  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Subtotal

   $ 9,567      $ 8,114      $ 14,038      $ 2,328      $ 2,158      $ 2,158  

Not subject to discretionary withdrawal or no cash value:

                 

Term policies without cash value

     —         —         1,311        —         —         —   

Disability - active lives

     —         —         66        —         —         —   

Disability - disabled lives

     —         —         51        —         —         —   

Miscellaneous reserves

     —         —         228        —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, gross

   $ 9,567      $ 8,114      $ 15,694      $ 2,328      $ 2,158      $ 2,158  

Less: Reinsurance ceded

     (412      (366      (2,928      —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total, net

   $ 9,155      $ 7,748      $ 12,766      $ 2,328      $ 2,158      $ 2,158  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The following table is a reconciliation of life insurance actuarial reserves, as of the dates indicated:

 

     December 31,  

(in millions)

   2024      2023  

Life, accident and health annual statement:

     

Life insurance, net

   $ 14,893      $ 12,512  

Disability - active lives, net

     73        65  

Disability - disabled lives, net

     61        50  

Miscellaneous reserves, net

     128        139  
  

 

 

    

 

 

 

Subtotal

   $ 15,155      $ 12,766  

Separate accounts annual statement:

     

Life insurance

   $ 2,654      $ 2,158  
  

 

 

    

 

 

 

Subtotal

   $ 2,654      $ 2,158  
  

 

 

    

 

 

 

Total life insurance actuarial reserves, net

   $ 17,809      $ 14,924  
  

 

 

    

 

 

 

 

22


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(4)

Separate Accounts

The Company’s separate account statement includes assets legally insulated from the general account as of the dates indicated, attributed to the following product lines:

 

     December 31, 2024      December 31, 2023  

(in millions)

   Legally
insulated
assets
     Separate
account assets
(not legally
insulated)
     Legally
insulated
assets
     Separate
account assets
(not legally
insulated)
 

Product / Transaction:

           

Individual annuities

   $ 332      $ —       $ 320      $ —   

Life insurance

     2,861        —         2,329        —   

Pension risk transfer group annuities

     5,181        —         2,673        —   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 8,374      $ —       $ 5,322      $ —   
  

 

 

    

 

 

    

 

 

    

 

 

 

Amounts paid towards separate account guarantees by the general account and related risk charges paid by the separate account have been immaterial for the last 5 years.

The Company does not engage in securities lending transactions within its separate accounts.

Most separate accounts held by the Company relate to individual and group variable annuity and variable universal life insurance contracts of a non-guaranteed return nature. The net investment experience of the separate accounts is credited directly to the contract holder and can be positive or negative. The individual variable annuity contracts generally provide an incidental death benefit of the greater of account value or premium paid (net of prior withdrawals). However, many individual variable annuity contracts also provide death benefits equal to (i) the most recent fifth-year anniversary account value, (ii) the highest account value on any previous anniversary, (iii) premiums paid increased 5% or certain combinations of these, all adjusted for prior withdrawals. The death benefit and cash value under the variable universal life policies may vary with the investment performance of the underlying investments in the separate accounts. The assets and liabilities of these separate accounts are carried at fair value and are non-guaranteed.

The Company has a separate account that holds group annuity contracts offered through the Company’s PRT business, wherein the Company provides guaranteed benefit payments to annuitants. The Company issues PRT business out of both the general and separate accounts, and within both, the assets and liabilities of this business are carried at amortized cost. The PRT separate account business has been included as a nonindexed guarantee less than or equal to 4%.

 

23


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following tables summarize the separate account reserves of the Company, as of the dates indicated:

 

(in millions)

   Nonindexed guarantee less
than or equal to 4%
     Nonguaranteed separate
accounts
     Total  

December 31, 2024

        

Premiums, considerations or deposits

   $ 2,484      $ 375      $ 2,859  
  

 

 

    

 

 

    

 

 

 

Reserves

        

For accounts with assets at:

        

Fair value

   $ —       $ 2,986      $ 2,986  

Amortized cost

     4,988        —         4,988  
  

 

 

    

 

 

    

 

 

 

Total reserves1

   $ 4,988      $ 2,986      $ 7,974  
  

 

 

    

 

 

    

 

 

 

By withdrawal characteristics:

        

At fair value

   $ —       $ 2,986      $ 2,986  
  

 

 

    

 

 

    

 

 

 

Subtotal

   $ —       $ 2,986      $ 2,986  

Not subject to discretionary withdrawal

     4,988        —         4,988  
  

 

 

    

 

 

    

 

 

 

Total reserves1

   $ 4,988      $ 2,986      $ 7,974  
  

 

 

    

 

 

    

 

 

 

 

  1

The total reserves balance does not equal the liabilities related to separate accounts of $8.4 billion in the statutory statements of admitted assets, liabilities, capital and surplus by $400 million, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above.

 

(in millions)

   Nonindexed guarantee less
than or equal to 4%
     Nonguaranteed separate
accounts
     Total  

December 31, 2023

        

Premiums, considerations or deposits

   $ 1,401      $ 271      $ 1,672  
  

 

 

    

 

 

    

 

 

 

Reserves

        

For accounts with assets at:

        

Fair value

   $ —       $ 2,479      $ 2,479  

Amortized cost

     2,651        —         2,651  
  

 

 

    

 

 

    

 

 

 

Total reserves1

   $ 2,651      $ 2,479      $ 5,130  
  

 

 

    

 

 

    

 

 

 

By withdrawal characteristics:

        

At fair value

   $ —       $ 2,479      $ 2,479  
  

 

 

    

 

 

    

 

 

 

Subtotal

   $ —       $ 2,479      $ 2,479  

Not subject to discretionary withdrawal

     2,651        —         2,651  
  

 

 

    

 

 

    

 

 

 

Total reserves1

   $ 2,651      $ 2,479      $ 5,130  
  

 

 

    

 

 

    

 

 

 

 

  1

The total reserves balance does not equal the liabilities related to separate accounts of $5.3 billion in the statutory statements of admitted assets, liabilities, capital and surplus by $192 million, due to an adjustment for CARVM/CRVM reserves and other liabilities that have not been allocated to the categories outlined above.

The following table is a reconciliation of net transfers to separate accounts, as of the dates indicated:

 

     December 31,  

(in millions)

   2024      2023      2022  

Net transfers as reported in the statutory statements of operations of the separate accounts:

        

Transfers to separate accounts

   $ 2,859      $ 1,671      $ 1,217  

Transfers from separate accounts

     (405      (237      (121
  

 

 

    

 

 

    

 

 

 

Net transfers to separate accounts

   $ 2,454      $ 1,434      $ 1,096  

Reconciling adjustments:

        

Exchange accounts offsetting in the general account

     7        9        8  
  

 

 

    

 

 

    

 

 

 

Net transfers as reported in the statutory statements of operations

   $ 2,461      $ 1,443      $ 1,104  
  

 

 

    

 

 

    

 

 

 

 

24


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(5)

Investments

Bonds and Stocks

The following table summarizes the carrying value, the excess of fair value over carrying value, the excess of carrying value over fair value and the fair value of bonds and stocks, as of the dates indicated:

 

(in millions)

   Carrying value      Fair value in
excess of
carrying value
     Carrying value in
excess of fair
value
     Fair value  

December 31, 2024

           

Bonds:

           

U.S. Government

   $ 1      $ —       $ —       $ 1  

States, territories and possessions

     612        2        54        560  

Political subdivisions

     204        —         26        178  

Special revenues

     1,809        6        183        1,632  

Industrial and miscellaneous

     31,904        136        2,582        29,458  

Loan-backed and structured securities

     4,866        22        91        4,797  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total bonds

   $ 39,396      $ 166      $ 2,936      $ 36,626  
  

 

 

    

 

 

    

 

 

    

 

 

 

Common stocks unaffiliated

     45        —         —         45  

Preferred stocks unaffiliated

     3        —         —         3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total unaffiliated stocks

   $ 48      $ —       $ —       $ 48  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total bonds and unaffiliated stocks

   $ 39,444      $ 166      $ 2,936      $ 36,674  
  

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2023

           

Bonds:

           

U.S. Government

   $ 36      $ 1      $ —       $ 37  

States, territories and possessions

     469        5        38        436  

Political subdivisions

     215        1        24        192  

Special revenues

     1,736        16        145        1,607  

Industrial and miscellaneous

     28,721        194        2,245        26,670  

Loan-backed and structured securities

     4,255        17        123        4,149  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total bonds

   $ 35,432      $ 234      $ 2,575      $ 33,091  
  

 

 

    

 

 

    

 

 

    

 

 

 

Common stocks unaffiliated

     45        —         —         45  

Preferred stocks unaffiliated

     4        —         —         4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total unaffiliated stocks

   $ 49      $ —       $ —       $ 49  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total bonds and unaffiliated stocks

   $ 35,481      $ 234      $ 2,575      $ 33,140  
  

 

 

    

 

 

    

 

 

    

 

 

 

The carrying value of bonds on deposit with various states as required by law was immaterial as of December 31, 2024 and 2023.

 

25


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the carrying value and fair value of bonds, by contractual maturity, as of December 31, 2024. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without early redemption penalties.

 

(in millions)

   Carrying value      Fair value  

Bonds:

     

Due in one year or less

   $ 1,199      $ 1,193  

Due after one year through five years

     11,592        11,272  

Due after five years through ten years

     8,622        8,089  

Due after ten years

     13,117        11,275  
  

 

 

    

 

 

 

Total bonds excluding loan-backed and structured securities

   $ 34,530      $ 31,829  

Loan-backed and structured securities

     4,866        4,797  
  

 

 

    

 

 

 

Total bonds

   $ 39,396      $ 36,626  
  

 

 

    

 

 

 

The following table summarizes the fair value and unrealized losses on bonds (amount by which cost or amortized cost exceeds fair value), for which other-than-temporary declines in value have not been recognized, based on the amount of time each type of bond has been in an unrealized loss position, as of the dates indicated:

 

     Less than or equal to
one year
     More than one year      Total  

(in millions)

   Fair
value
     Unrealized
losses
     Fair value      Unrealized
losses
     Fair value      Unrealized
losses
 

December 31, 2024

                 

Bonds:

                 

U.S. Government

   $ —       $ —       $ 1      $ —       $ 1      $ —   

States, territories and possessions

     151        5        281        49        432        54  

Political subdivisions

     15        1        147        25        162        26  

Special revenues

     242        7        1,159        175        1,401        182  

Industrial and miscellaneous

     5,006        146        18,747        2,613        23,753        2,759  

Loan-backed and structured securities

     313        2        1,185        90        1,498        92  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total bonds

   $ 5,727      $ 161      $ 21,520      $ 2,952      $ 27,247      $ 3,113  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2023

                 

Bonds:

                 

U.S. Government

   $ —       $ —       $ 1      $ —       $ 1      $ —   

States, territories and possessions

     5        —         305        38        310        38  

Political subdivisions

     11        —         153        24        164        24  

Special revenues

     37        —         1,238        145        1,275        145  

Industrial and miscellaneous

     760        39        21,011        2,297        21,771        2,336  

Loan-backed and structured securities

     261        2        2,044        122        2,305        124  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total bonds

   $ 1,074      $ 41      $ 24,752      $ 2,626      $ 25,826      $ 2,667  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

As of December 31, 2024, management evaluated securities in an unrealized loss position for impairment. As of the reporting date, the Company has the intent and ability to hold these securities until the fair value recovers, which may be at maturity, and therefore, does not consider the securities to be other-than-temporarily impaired.

As of December 31, 2024, the Company had the intent to sell an immaterial balance of loan-backed and structured securities identified as having an other-than-temporary impairment. There were no loan-backed and structured securities with an other-than-temporary impairment that were intended to be sold as of December 31, 2023.

 

26


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Mortgage Loans, Net of Allowance

As of December 31, 2024 and 2023 the Company had no mortgage loans with an allowance for credit losses. For the year ended December 31, 2022, changes in the allowance for credit losses were immaterial and due to current period provisions.

Effective January 1, 2023, the Company changed its method for reserving for mortgage loans by removing the need for a non-specific reserve. In the Company’s judgement, the change in reserving approach appropriately reflects the credit risk inherent for mortgage loans held. The impact of the change was recorded as a reversal of the non-specific reserves, resulting in an increase to unassigned surplus of $6 million and recorded through ‘Other, net’ activity within the statutory statements of changes in capital and surplus. There was no impact on net income.

As of December 31, 2024 and 2023, the Company’s mortgage loans classified as delinquent and/or in non-accrual status were immaterial.

The following table summarizes the LTV ratio and DSC ratio of the mortgage loan portfolio, as of the dates indicated:

 

     LTV ratio      DSC ratio  

(in millions)

   Less than 90%      90% or
greater
     Total      Greater than
1.00
    Less than
or equal to
1.00
    Total  

December 31, 2024

               

Apartment

   $ 3,834      $ 56      $ 3,890      $ 3,871     $ 19     $ 3,890  

Industrial

     2,630        80        2,710        2,710       —        2,710  

Office

     930        155        1,085        1,084       1       1,085  

Retail

     1,772        32        1,804        1,804       —        1,804  

Other

     299        40        339        339       —        339  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total1

   $ 9,465      $ 363      $ 9,828      $ 9,808     $ 20     $ 9,828  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Weighted average DSC ratio

     2.21        1.54        2.19        n/a       n/a       n/a  

Weighted average LTV ratio

     n/a        n/a        n/a        61     70     61
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

December 31, 2023

               

Apartment

   $ 3,684      $ 15      $ 3,699      $ 3,659     $ 40     $ 3,699  

Industrial

     2,108        —         2,108        2,108       —        2,108  

Office

     1,023        79        1,102        1,102       —        1,102  

Retail

     1,724        12        1,736        1,736       —        1,736  

Other

     286        27        313        313       —        313  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total1

   $ 8,825      $ 133      $ 8,958      $ 8,918     $ 40     $ 8,958  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Weighted average DSC ratio

     2.20        1.34        2.19        n/a       n/a       n/a  

Weighted average LTV ratio

     n/a        n/a        n/a        59     73     59
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

 

  1

Excludes $46 million and $79 million of commercial mortgage loans that were under development as of December 31, 2024 and 2023, respectively.

As of December 31, 2024 and 2023, the Company has a diversified mortgage loan portfolio with no more than 24.0% in a geographic region in the U.S., no more than 40.0% and 42.0% in a property type, respectively, and no more than 1.0% with any one borrower. The maximum and minimum lending rates for mortgage loans originated or acquired during 2024 and 2023 were 6.5% and 5.1% and 12.0% and 4.8%, respectively. As of December 31, 2024 and 2023, the maximum LTV ratio of any one loan at the time of loan origination was 89.0% and 78.0%, respectively. As of December 31, 2024 and 2023, the Company did not hold mortgage loans with interest 90 days or more past due. Additionally, there were no taxes, assessments or amounts advanced and not included in the mortgage loan portfolio.

Securities Lending

The fair value of loaned securities was $210 million and $246 million as of December 31, 2024 and 2023, respectively. The Company held $161 million and $210 million of cash collateral on securities lending as of December 31, 2024 and 2023, respectively. The carrying value and fair value of reinvested collateral assets was $162 million and $210 million and had a contractual maturity of under 30 days as of December 31, 2024 and 2023, respectively. The fair value of bonds acquired with reinvested collateral assets was $165 million and $215 million as of December 31, 2024 and 2023, respectively. There are no securities lending transactions that extend beyond one year as of the reporting date. The Company received $54 million and $42 million in non-cash collateral on securities lending as of December 31, 2024 and 2023, respectively.

 

27


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Net Investment Income

The following table summarizes net investment income by investment type, for the years ended:

 

     December 31,  

(in millions)

   2024      2023      2022  

Bonds

   $ 1,695      $ 1,397      $ 1,122  

Mortgage loans

     399        345        310  

Policy loans

     9        13        8  

Derivative instruments1

     (55      (356      88  

Other

     88        102        68  
  

 

 

    

 

 

    

 

 

 

Gross investment income

   $ 2,136      $ 1,501      $ 1,596  

Investment expenses

     (59      (50      (41
  

 

 

    

 

 

    

 

 

 

Net investment income

   $ 2,077      $ 1,451      $ 1,555  
  

 

 

    

 

 

    

 

 

 

 

  1

Includes net investment income applying the prescribed practice under OAC 3901-1-67, as disclosed in Note 2.

The amount of investment income due and accrued that was nonadmitted as of December 31, 2024 and 2023 was immaterial. Investment income due and accrued as of December 31, 2024 and 2023 that was admitted was $463 million and $416 million, respectively.

Net Realized Capital Gains and Losses

The following table summarizes net realized capital gains and losses for the years ended:

 

     December 31,  

(in millions)

   2024      2023      2022  

Gross gains on sales

   $ 21      $ 7      $ 6  

Gross losses on sales

     (23      (25      (39
  

 

 

    

 

 

    

 

 

 

Net realized capital losses on sales

   $ (2    $ (18    $ (33

Other-than-temporary impairments

     (19      (31      (10
  

 

 

    

 

 

    

 

 

 

Total net realized capital losses

   $ (21    $ (49    $ (43

Tax (expense) benefit on net losses

     (1      3        (8
  

 

 

    

 

 

    

 

 

 

Net realized capital losses, net of tax

   $ (22    $ (46    $ (51

Less: Net realized losses transferred to the IMR

     (6      (18      (12
  

 

 

    

 

 

    

 

 

 

Net realized capital losses, net of tax and transfers to the IMR

   $ (16    $ (28    $ (39
  

 

 

    

 

 

    

 

 

 

For the year ended December 31, 2024, the gross realized gains and gross realized losses on sales of bonds were $7 million and $22 million, respectively. For the year ended December 31, 2023, gross realized gains and gross realized losses on sales of bonds were $5 million and $24 million, respectively. For the year ended December 31, 2022, gross realized gains and gross realized losses on sales of bonds were $2 million and $26 million, respectively.

The Company did not enter into any material repurchase transactions that would be considered wash sales during the years ended December 31, 2024, 2023 and 2022.

Investment Commitments

The Company had unfunded commitments related to its investment in limited partnerships and limited liability companies totaling $482 million and $501 million as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, there were $37 million and $10 million of outstanding commitments to fund mortgage loans, respectively. As of December 31, 2024 and 2023, there was $320 million and $151 million of outstanding commitments to purchase bonds, respectively.

 

28


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(6)

Derivative Instruments

The Company is exposed to certain risks related to its ongoing business operations which are managed using derivative instruments.

Equity Market Risk Management. The Company has a variety of insurance products that expose it to equity risks. To mitigate these risks, the Company enters into a variety of derivatives including equity index futures and options.

Interest rate risk management. In the normal course of business, the Company enters into transactions that expose it to interest rate risk arising from mismatches between assets and liabilities. The Company may use interest rate swaps and futures to reduce or alter interest rate exposure.

Interest rate contracts are used by the Company in association with fixed and variable rate investments to achieve cash flow streams that support certain financial obligations of the Company and to produce desired investment returns. As such, interest rate contracts are generally used to convert fixed rate cash flow streams to variable rate cash flow streams or vice versa.

Indexed crediting risk management. The Company issues a variety of insurance and annuity products with indexed crediting features that expose the Company to risks related to the performance of an underlying index. To mitigate these risks, the Company enters into a variety of derivatives including index options, total return swaps and futures. The underlying indices can have exposure to equites, commodities and fixed income securities.

Other risk management. As part of its regular investing activities, the Company may purchase foreign currency denominated investments. These investments and the associated income expose the Company to volatility associated with movements in foreign exchange rates. As foreign exchange rates change, the increase or decrease in the cash flows of the derivative instrument are intended to mitigate the changes in the functional-currency equivalent cash flows of the hedged item. To mitigate this risk, the Company uses cross-currency swaps.

Credit risk associated with derivatives transactions. The Company periodically evaluates the risks within the derivative portfolios due to credit exposure. When evaluating this risk, the Company considers several factors which include, but are not limited to, the counterparty credit risk associated with derivative receivables, the Company’s own credit as it relates to derivative payables, the collateral thresholds associated with each counterparty and changes in relevant market data in order to gain insight into the probability of default by the counterparty. The Company also considers the impact credit exposure could have on the effectiveness of the Company’s hedging relationships. As of December 31, 2024 and 2023, the impact of the exposure to credit risk on the fair value measurement of derivatives and the effectiveness of the Company’s hedging relationships was immaterial.

 

29


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the fair value, carrying value and related notional amounts of derivative instruments, as of the dates indicated:

 

(in millions)

   Notional
amount
     Net carrying
value
     Fair value
asset
     Fair value
liability
     Average fair
value
 

December 31, 2024

              

Cross currency swaps

   $ 2,497      $ 189      $ 212      $ (9    $ 1  

Options

     52,961        903        1,825        —         —   

Total return swaps

     470        —         —         —         —   

Futures

     218        —         —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives1

   $ 56,146      $ 1,092      $ 2,037      $ (9    $ 1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2023

              

Cross currency swaps

   $ 1,871      $ 87      $ 136      $ (15    $ 1  

Options

     46,984        833        1,196        —         —   

Total return swaps

     192        —         —         —         —   

Futures

     252        —         —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives1

   $ 49,299      $ 920      $ 1,332      $ (15    $ 1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

  1

Fair value balance excludes immaterial accrued interest on derivative assets for December 31, 2024 and 2023.

The Company received $1.9 billion and $1.1 billion of cash collateral and held $225 million and $296 million of securities off-balance sheet as collateral for derivative assets as of December 31, 2024 and 2023, respectively. Cash and securities pledged for derivative liabilities were immaterial as of December 31, 2024 and 2023. The impact of netting as a result of master netting agreements reduced the fair value of derivative assets and liabilities by $9 million and $10 million as of December 31, 2024 and 2023, respectively. As a result, the Company’s uncollateralized position for derivatives instruments was immaterial in each respective period. In addition, the Company posted initial margin on derivative instruments of $7 million and $10 million as of December 31, 2024 and 2023, respectively.

The following table summarizes net gains and losses on derivatives programs by type of derivative instrument, as of the dates indicated:

 

     Unrealized gains (losses) recorded in
capital and surplus
 
     December 31,  

(in millions)

   2024      2023      2022  

Cross-currency swaps

   $ 101      $ (52    $  131  
  

 

 

    

 

 

    

 

 

 

Total

   $ 101      $ (52    $ 131  
  

 

 

    

 

 

    

 

 

 

There were no realized gains or losses recorded in operations for the years ended December 31, 2024, 2023 and 2022.

 

30


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(7)

Fair Value Measurements

The following table summarizes assets and liabilities held at fair value as of December 31, 2024:

 

(in millions)

   Level 1      Level 2      Level 3      Total  

Assets

           

Bonds

   $ —       $ 5      $ —       $ 5  

Preferred stocks unaffiliated

     —         —         3        3  

Common stocks unaffiliated

     —         45        —         45  

Separate account assets

     3,193        —         —         3,193  
  

 

 

    

 

 

    

 

 

    

 

 

 

Assets at fair value

   $ 3,193      $ 50      $ 3      $ 3,246  
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table presents the rollforward of Level 3 assets held at fair value during the year ended December 31, 2024:

 

(in millions)

   Preferred stocks
unaffiliated
 

Balance as of December 31, 2023

   $ 4  

Net gains (losses):

  

In surplus

     (1
  

 

 

 

Balance as of December 31, 2024

   $ 3  
  

 

 

 

The following table summarizes assets and liabilities held at fair value as of December 31, 2023:

 

(in millions)

   Level 1      Level 2      Level 3      Total  

Assets

           

Bonds

   $ —       $ 3      $ —       $ 3  

Preferred stocks unaffiliated

     —         —         4        4  

Common stocks unaffiliated

     —         45        —         45  

Separate account assets

     2,650        —         —         2,650  
  

 

 

    

 

 

    

 

 

    

 

 

 

Assets at fair value

   $ 2,650      $ 48      $ 4      $ 2,702  
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table presents the rollforward of Level 3 assets held at fair value during the year ended December 31, 2023:

 

(in millions)

   Preferred stocks
unaffiliated
 

Balance as of December 31, 2022

   $ 3  

Net gains (losses):

  

In surplus

     1  

Purchases

     1  

Sales

     (1
  

 

 

 

Balance as of December 31, 2023

   $ 4  
  

 

 

 

 

31


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the carrying value and fair value of the Company’s assets and liabilities not held at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described below or in Note 2.

 

     Fair value         

(in millions)

   Level 1      Level 2      Level 3      Total fair value      Carrying value  

December 31, 2024

              

Assets

              

Bonds

   $ 1      $ 28,704      $ 7,916      $ 36,621      $ 39,391  

Mortgage loans, net of allowance

     —         —         8,653        8,653        9,874  

Policy loans

     —         —         412        412        412  

Derivative assets

     —         212        1,825        2,037        1,098  

Cash, cash equivalents and short-term investments

     (5      2,344        —         2,339        2,339  

Securities lending collateral assets

     162        —         —         162        162  

Separate account assets

     580        2,815        1,603        4,998        5,181  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ 738      $ 34,075      $ 20,409      $ 55,222      $ 58,457  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

              

Investment contracts

   $ —       $ —       $ 504      $ 504      $ 556  

Derivative liabilities

     —         9        —         9        6  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —       $ 9      $ 504      $ 513      $ 562  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2023

              

Assets

              

Bonds

   $ 37      $ 26,817      $ 6,234      $ 33,088      $ 35,429  

Mortgage loans, net of allowance

     —         —         7,904        7,904        9,037  

Policy loans

     —         —         301        301        301  

Derivative assets

     —         136        1,196        1,332        937  

Cash, cash equivalents and short-term investments

     5        1,623        —         1,628        1,628  

Securities lending collateral assets

     210        —         —         210        210  

Separate account assets

     80        1,606        986        2,672        2,672  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ 332      $ 30,182      $ 16,621      $ 47,135      $ 50,214  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

              

Investment contracts

   $ —       $ —       $ 560      $ 560      $ 556  

Derivative liabilities

     —         15        —         15        17  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total liabilities

   $ —       $ 15      $ 560      $ 575      $ 573  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Mortgage loans, net of allowance. The fair values of mortgage loans are primarily estimated using discounted cash flow analyses based on interest rates currently being offered for similar loans to borrowers with similar credit ratings.

Policy loans. The carrying amount reported in the statutory statements of admitted assets, liabilities, capital and surplus approximates fair value as policy loans are fully collateralized by the cash surrender value of underlying insurance policies.

Securities lending collateral assets. These assets are comprised of bonds and short-term investments and the respective fair values are estimated based on the fair value methods described in Note 2.

Investment contracts. For investment contracts without defined maturities, fair value is the amount payable on demand, net of surrender charges. For investment contracts with known or determined maturities, fair value is estimated using discounted cash flow analysis. Interest rates used in this analysis are similar to currently offered contracts with maturities consistent with those remaining for the contracts being valued. The fair value of adjustable-rate contracts approximates their carrying value.

 

32


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(8)

Federal Income Taxes

The following tables summarize the net admitted deferred tax assets, as of the dates indicated:

 

     December 31, 2024  

(in millions)

   Ordinary      Capital      Total  

Total gross deferred tax assets

   $ 578      $ 14      $ 592  

Statutory valuation allowance adjustment

     —         —         —   
  

 

 

    

 

 

    

 

 

 

Adjusted gross deferred tax assets

   $ 578      $ 14      $ 592  

Less: Deferred tax assets nonadmitted

     327        —         327  
  

 

 

    

 

 

    

 

 

 

Net admitted deferred tax assets

   $ 251      $ 14      $ 265  

Less: Deferred tax liabilities

     46        27        73  
  

 

 

    

 

 

    

 

 

 

Net admitted deferred tax assets

   $ 205      $ (13    $ 192  
  

 

 

    

 

 

    

 

 

 
     December 31, 2023  

(in millions)

   Ordinary      Capital      Total  

Total gross deferred tax assets

   $ 544      $ 15      $ 559  

Statutory valuation allowance adjustment

     —         —         —   
  

 

 

    

 

 

    

 

 

 

Adjusted gross deferred tax assets

   $ 544      $ 15      $ 559  

Less: Deferred tax assets nonadmitted

     330        —         330  
  

 

 

    

 

 

    

 

 

 

Net admitted deferred tax assets

   $ 214      $ 15      $ 229  

Less: Deferred tax liabilities

     38        16        54  
  

 

 

    

 

 

    

 

 

 

Net admitted deferred tax assets

   $ 176      $ (1    $ 175  
  

 

 

    

 

 

    

 

 

 

The following table summarizes components of the change in deferred income taxes reported in capital and surplus before consideration of nonadmitted assets and changes from the prior year, as of the dates indicated:

 

     December 31,         

(in millions)

   2024      2023      Change  

Adjusted gross deferred tax assets

   $ 592      $ 559      $ 33  

Total deferred tax liabilities

     (73      (54      (19
  

 

 

    

 

 

    

 

 

 

Net deferred tax assets

   $ 519      $ 505      $ 14  

Less: Tax effect of unrealized gains and losses

           (5
        

 

 

 

Change in deferred income tax

         $ 19  
        

 

 

 

 

33


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following tables summarize components of the admitted deferred tax assets calculation, as of the dates indicated:

 

     December 31, 2024         

(in millions)

   Ordinary      Capital      Total  

Federal income taxes recoverable through loss carryback

   $ —       $ —       $ —   

Adjusted gross deferred tax assets expected to be realized1

     184        8        192  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

     67        6        73  
  

 

 

    

 

 

    

 

 

 

Admitted deferred tax assets

   $ 251      $ 14      $ 265  
  

 

 

    

 

 

    

 

 

 
     December 31, 2023         

(in millions)

   Ordinary      Capital      Total  

Federal income taxes recoverable through loss carryback

   $ —       $ 2      $ 2  

Adjusted gross deferred tax assets expected to be realized1

     168        5        173  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

     46        8        54  
  

 

 

    

 

 

    

 

 

 

Admitted deferred tax assets

   $ 214      $ 15      $ 229  
  

 

 

    

 

 

    

 

 

 

 

  1

Note that this amount is calculated as the lesser of the adjusted gross deferred tax assets expected to be realized following the balance sheet date or the adjusted gross deferred tax assets allowed per the limitation threshold. For the years ended December 31, 2024 and 2023, the threshold limitation for adjusted capital and surplus was $496 million and $459 million, respectively.

The adjusted capital and surplus used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was $3.3 billion and $3.1 billion as of December 31, 2024 and 2023, respectively. The ratio percentage used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was 640% and 654% as of December 31, 2024 and 2023, respectively.

The following tables summarize the impact of tax planning strategies, as of the dates indicated:

 

     December 31, 2024        
     Ordinary     Capital     Total  

Adjusted gross deferred tax assets

     5.30     0.00     5.30

Net admitted adjusted gross deferred tax assets

     11.83     0.00     11.83
  

 

 

   

 

 

   

 

 

 
     December 31, 2023        
     Ordinary     Capital     Total  

Adjusted gross deferred tax assets

     0.00     0.00     0.00

Net admitted adjusted gross deferred tax assets

     0.00     0.00     0.00
  

 

 

   

 

 

   

 

 

 

The Company’s tax planning strategies did not include the use of reinsurance for the years ended December 31, 2024 and 2023.

There were no temporary differences for which deferred tax liabilities were not recognized for the years ended December 31, 2024 and 2023.

 

34


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the tax effects of temporary differences and the change from the prior year, for the years ended:

 

     December 31,         

(in millions)

   2024      2023      Change  

Deferred tax assets

        

Ordinary:

        

Future policy benefits and claims

   $ 178      $ 206      $ (28

Investments

     43        43        —   

Deferred acquisition costs

     296        268        28  

Tax credit carry-forward

     32        —         32  

Other

     29        27        2  
  

 

 

    

 

 

    

 

 

 

Subtotal

   $ 578      $ 544      $ 34  
  

 

 

    

 

 

    

 

 

 

Nonadmitted

     (327      (330      3  
  

 

 

    

 

 

    

 

 

 

Admitted ordinary deferred tax assets

   $ 251      $ 214      $ 37  
  

 

 

    

 

 

    

 

 

 

Capital:

        

Investments

     14        15        (1
  

 

 

    

 

 

    

 

 

 

Subtotal

   $ 14      $ 15      $ (1
  

 

 

    

 

 

    

 

 

 

Admitted capital deferred tax assets

   $ 14      $ 15      $ (1
  

 

 

    

 

 

    

 

 

 

Admitted deferred tax assets

   $ 265      $ 229      $ 36  
  

 

 

    

 

 

    

 

 

 

Deferred tax liabilities

        

Ordinary:

        

Investments

   $ (16    $ (13    $ (3

Future policy benefits and claims

     (13      (13      —   

Other

     (17      (12      (5
  

 

 

    

 

 

    

 

 

 

Subtotal

   $ (46    $ (38    $ (8
  

 

 

    

 

 

    

 

 

 

Capital:

        

Investments

     (27      (16      (11
  

 

 

    

 

 

    

 

 

 

Subtotal

   $ (27    $ (16    $ (11
  

 

 

    

 

 

    

 

 

 

Deferred tax liabilities

   $ (73    $ (54    $ (19
  

 

 

    

 

 

    

 

 

 

Net deferred tax assets

   $ 192      $ 175      $ 17  
  

 

 

    

 

 

    

 

 

 

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion of the total deferred tax assets will not be realized. Valuation allowances are established when necessary to reduce the deferred tax assets to amounts expected to be realized. Based on the Company’s analysis, it is more likely than not that the results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable the Company to realize all deferred tax assets. Therefore, no valuation allowances have been established as of December 31, 2024 and 2023.

 

35


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The following table summarizes the Company’s income tax incurred and change in deferred income tax. The total income tax and change in deferred income tax differs from the amount obtained by applying the federal statutory rate to (loss) income before tax as follows, for the years ended:

 

     December 31,  

(in millions)

   2024     2023     2022  

Current income tax (benefit) expense

   $ (8   $ 216     $ 13  

Change in deferred income tax (without tax on unrealized gains and losses)

     (19     (195     (1
  

 

 

   

 

 

   

 

 

 

Total income tax (benefit) expense reported

   $ (27   $ 21     $ 12  
  

 

 

   

 

 

   

 

 

 

(Loss) income before income and capital gains taxes

   $ (71   $ (314   $ 110  

Federal statutory tax rate

     21     21     21
  

 

 

   

 

 

   

 

 

 

Expected income tax (benefit) expense at statutory tax rate

   $ (15   $ (66   $ 23  

(Decrease) increase in actual tax reported resulting from:

      

Initial ceding commission and expense allowance

     (6     104       (7

Other

     (6     (17     (4
  

 

 

   

 

 

   

 

 

 

Total income tax (benefit) expense reported

   $ (27   $ 21     $ 12  
  

 

 

   

 

 

   

 

 

 

The Company incurred an immaterial amount in federal income tax expense in 2023, which is available for recoupment in the event of future net losses.

The following table summarizes the tax credit carryforwards available as of December 31, 2024:

 

(in millions)

   Amount      Origination      Expiration  

Corporate alternative minimum tax credits

   $ 31        2024        N/A  
  

 

 

    

 

 

    

 

 

 

 

36


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The Company is included in the NMIC consolidated federal income tax return which includes the following entities:

 

Nationwide Mutual Insurance Company    Nationwide Financial General Agency, Inc.
Allied Insurance Company of America    Nationwide Financial Services, Inc.
Allied Property & Casualty Insurance Company    Nationwide General Insurance Company
Allied Texas Agency, Inc.    Nationwide Indemnity Company
AMCO Insurance Company    Nationwide Insurance Company of America
American Marine Underwriters    Nationwide Insurance Company of Florida
Crestbrook Insurance Company    Nationwide Investment Services Corporation
Depositors Insurance Company    Nationwide Life and Annuity Insurance Company
DVM Insurance Agency, Inc.    Nationwide Life Insurance Company
Eagle Captive Reinsurance, LLC    Nationwide Lloyds
Freedom Specialty Insurance Company    Nationwide Property & Casualty Insurance Company
Harleysville Insurance Company of New York    Nationwide Retirement Solutions, Inc.
Harleysville Insurance Company    Nationwide Sales Solutions, Inc.
Harleysville Insurance Company of New Jersey    Nationwide Trust Company, FSB
Harleysville Lake States Insurance Company    NBS Insurance Agency, Inc.
Harleysville Preferred Insurance Company    NFS Distributors, Inc.
Harleysville Worcester Insurance Company    Registered Investment Advisors Services, Inc.
Jefferson National Life Insurance Company    Retention Alternatives, Ltd.
Jefferson National Life Insurance Company of New York    Retention Alternatives Ltd. In Respect of Cell No. 1
Lone Star General Agency, Inc.   

Segregated Account

National Casualty Company    Scottsdale Indemnity Company
Nationwide Advantage Mortgage Company    Scottsdale Insurance Company
Nationwide Affinity Insurance Company of America    Scottsdale Surplus Lines Insurance Company
Nationwide Agent Risk Purchasing Group, Inc.    Titan Insurance Company
Nationwide Agribusiness Insurance Company    Titan Insurance Services, Inc.
Nationwide Assurance Company    Veterinary Pet Insurance Company
Nationwide Cash Management Company    Victoria Fire & Casualty Company
Nationwide Corporation    Victoria Select Insurance Company
Nationwide Financial Assignment Company    VPI Services, Inc.

The method of allocation of regular tax among the companies is based upon separate return calculations with current benefit for tax losses and credits utilized in the consolidated return. Effective January 1, 2023, the Company revised its tax sharing agreement to address corporate alternative minimum tax (“CAMT”). If the consolidated federal income tax return group is an Applicable Corporation and has a CAMT liability, all members of the group will be treated as Applicable Corporations subject to CAMT. CAMT is paid by affiliates based on the ratio of the subsidiary’s CAMT liability to the total CAMT liabilities of all subsidiaries.

The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code as of December 31, 2024 and 2023.

The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date.

In August 2022, the Inflation Reduction Act of 2022 (“Act”) was passed by the U.S. Congress and signed into law. The Act includes a new Federal CAMT, effective in 2023, that is based on the adjusted financial statement income (“AFSI”) set forth on the applicable financial statement (“AFS”) of an Applicable Corporation. A corporation is an Applicable Corporation if its rolling average pre-tax AFSI over three prior years (starting with 2020-2022) is greater than $1 billion. The $1 billion threshold is determined on a controlled-group basis by aggregating the AFSI of all entities treated as a single employer under tax law. The controlled-group’s AFS is generally treated as the AFS for all separate entities in the controlled-group. Except under limited circumstances, once a corporation is an Applicable Corporation, it is an Applicable Corporation in all future years.

 

37


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

An applicable corporation is not automatically subject to a CAMT liability. An Applicable Corporation’s tentative CAMT liability is equal to 15% of its adjusted AFSI, and CAMT is payable to the extent the tentative CAMT liability exceeds its regular corporate income tax. However, any CAMT paid would be indefinitely available as a credit carryover that could reduce future regular tax in excess of CAMT. For financial statement reporting, in the event an Applicable Corporation is subject to CAMT there will be no impact to total tax as any CAMT paid will be offset by the establishment of a deferred tax asset for the credit carryover.

The Company comprises a controlled-group of entities and has determined that it will be an Applicable Corporation in 2024. In making such determination, the Company has made certain interpretations of, and assumptions regarding, the CAMT provisions of the Act. While the U.S. Treasury Department issued proposed regulations on September 12, 2024, there remain many open questions and significant portions of the guidance will not be effective until the regulations are issued in final form. However, the proposed regulations, including the portions not effective until finalized, will not materially impact the Company’s financial statements.

The Company has made an accounting policy election to disregard CAMT when evaluating the need for a valuation allowance for its non-CAMT deferred tax assets.

For the years ended December 31, 2024 and 2023, the Act did not impact the Company’s total tax.

 

(9)

FHLB Funding Agreements

The Company is a member of the FHLB. Through its membership, the FHLB established the Company’s capacity for short-term borrowings and cash advances under the funding agreement program at up to 40% of total admitted assets.

The Company’s Board of Directors has authorized the issuance of funding agreements up to $6.0 billion to the FHLB, shared between the Company and NLIC, in exchange for cash advances, which are collateralized by pledged securities. The Company uses these funds in an investment spread strategy, consistent with its other investment spread operations. As such, the Company applies SSAP No. 52, Deposit-Type Contracts, accounting treatment to these funds, consistent with its other deposit-type contracts. It is not part of the Company’s strategy to utilize these funds for operations, and any funds obtained from the FHLB for use in general operations would be accounted for consistent with SSAP No. 15, Debt and Holding Company Obligations, as borrowed money. FHLB membership requires the Company to purchase and hold a minimum amount of FHLB capital stock plus additional stock based on outstanding advances. The Company has $20 million in membership stock as of December 31, 2024 and 2023, none of which is eligible for redemption. As part of the agreement, the Company purchased and held an additional $25 million in activity stock and an immaterial amount in excess stock as of December 31, 2024 and 2023, which is included in stocks on the statutory statements of admitted assets, liabilities, capital and surplus. The Company’s liability for advances from the FHLB was $553 million as of December 31, 2024 and 2023, which is included in future policy benefits and claims on the statutory statements of admitted assets, liabilities, capital and surplus. Borrowings are not subject to prepayment penalties under these agreements. The maximum amounts of aggregate advances from the FHLB were $554 million and $553 million for the years ended December 31, 2024 and 2023, respectively.

The Company has agreements with the FHLB to provide short-term financing for operations. These agreements, which were renewed in June 2024 and expire June 2025, allow the Company access to borrow up to $1.1 billion. As of December 31, 2024 and 2023, the Company had no amounts outstanding under these agreements.

Bonds and mortgage loans with a carrying value of $2.4 billion (3.7% of total admitted assets) and fair value of $2.2 billion (3.4% of total admitted assets) as of December 31, 2024 and carrying value of $1.8 billion (3.1% of total admitted assets) and fair value of $1.6 billion (2.9% of total admitted assets) as of December 31, 2023 were pledged as collateral under FHLB agreements, as a condition for withdrawal, and are included in bonds and mortgage loans on the statutory statements of admitted assets, liabilities, capital and surplus. The maximum amount of collateral pledged to the FHLB had a carrying value of $2.4 billion and fair value of $2.3 billion for the year ended December 31, 2024, and a carrying value of $1.8 billion and fair value of $1.5 billion for the year ended December 31, 2023.

 

38


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

(10)

Reinsurance

Prior to the October 1, 2023 recapture, the Company had an intercompany reinsurance agreement with Olentangy whereby the Company ceded a block of certain universal life and term life insurance policies on an indemnity coinsurance basis with funds withheld and a block of certain term life insurance policies on a yearly renewable term basis. These policies were ceded to a reinsurance pool that included Olentangy and UHRL, a Bermuda captive (collectively, “Reinsurance Pool”). The Reinsurance Pool members had joint and several liability under the reinsurance agreement until June 30, 2028 when UHRL would exit the Reinsurance Pool and Olentangy would become solely liable. The Company had recorded an adjustment in the statutory statements of changes in capital and surplus as other, net, which was being amortized into operations in future periods as earnings emerge from the business reinsured. Upon recapture, the remaining unamortized balance of $142 million was fully amortized into operations. Amounts ceded to Olentangy under the reinsurance agreement prior to recapture during 2023 and 2022 included premiums of $44 million and $65 million, respectively, benefits and claims of $51 million and $82 million, respectively, and net investment earnings on funds withheld assets of $38 million and $50 million, respectively. The recapture settlement included payment from Olentangy of $1.2 billion, equal to the funds withheld balance as of October 1, 2023 in accordance with the reinsurance agreement, which was recorded as a reduction to the inception-to-date ceded premiums of $1.9 billion and commissions and expense allowances on reinsurance ceded of $700 million.

Effective October 1, 2023, the Company entered into an intercompany reinsurance agreement with Eagle Captive Reinsurance, LLC (“Eagle”) whereby certain universal life insurance and term life insurance policies are ceded on a coinsurance with funds withheld basis. Eagle, an affiliated wholly-owned subsidiary of NLIC, is an Ohio domiciled special purpose financial captive insurance company. Eagle paid the Company $853 million as settlement of the initial reinsurance transaction on October 1, 2023. The Company recognized $179 million of this settlement in the statutory statements of operations as commissions and expense allowances on reinsurance ceded, equal to the amount of current federal income tax, with the remaining $674 million included in the statutory statements of changes in capital and surplus as other, net, which is being amortized into operations in future periods as earnings emerge from the business ceded. Amounts ceded to Eagle under the reinsurance agreement during 2024 and 2023 (inclusive of the initial settlement) included premiums of $83 million and $2.3 billion, respectively, benefits and claims of $105 million and $30 million, respectively and net investment earnings on funds withheld assets of $63 million and $15 million, respectively. In order for the Company to record a reinsurance reserve credit of $2.3 billion for the ceded block, the Company is holding assets in funds withheld for the benefit of Eagle with a carrying value of $1.4 billion, and a fair value of $1.3 billion as of December 31, 2024 and 2023. Eagle was granted a permitted practice from the Department to record an excess of loss reinsurance recoverable from an unaffiliated reinsurer of $861 million and $853 million as of December 31, 2024 and 2023, respectively, as an admitted asset qualifying as other security under Actuarial Guideline 48 for the benefit of the Company. Amounts payable to Eagle related to the reinsurance agreement were $5 million as of December 31, 2024. Amounts receivable from Eagle related to the reinsurance agreement were $4 million as of December 31, 2023.

The Company has entered into a 100% coinsurance agreement with funds withheld with Eagle to cede guaranteed lifetime withdrawal benefit (“GLWB”) rider obligations provided under certain fixed indexed annuity contracts issued and to be issued by NLAIC. While the GLWB contract riders are ceded by NLAIC to Eagle, the base annuity contracts and any non-reinsured risks will be retained by NLAIC. Eagle applies one prescribed practice with multiple applications as provided under the State of Ohio’s captive law which values the assumed GLWB risks from NLAIC using an alternative reserving basis from the Statutory Accounting Principles detailed within the NAIC SAP pursuant to Ohio Revised Code Chapter 3964 and approved by the Department. The Company has recorded an adjustment in the statutory statements of changes in capital and surplus as other, net, which is being amortized into operations in future periods as earnings emerge from the business ceded. Amounts ceded to Eagle under the reinsurance agreement during 2024, 2023 and 2022 included premiums of $226 million, $158 million and $112 million, respectively, and net investment earnings on funds withheld assets of $17 million, $10 million and $6 million, respectively. As of December 31, 2024 and 2023, the carrying value of the funds withheld assets was $499 million and $328 million, respectively, which consists of bonds and cash equivalents and equals the amount of Eagle’s assumed GLWB rider reserve obligations calculated using the alternative reserving basis. As of December 31, 2024 and 2023, the Company’s reserve credit for guaranteed benefits ceded was $2.3 billion and $1.8 billion, respectively. Amounts payable to Eagle related to the reinsurance agreement was $21 million as of December 31, 2024. Amounts receivable from Eagle related to the reinsurance agreement was $24 million as of December 31, 2023.

 

39


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

The Company has an intercompany reinsurance agreement with NLIC whereby certain inforce and subsequently issued fixed individual deferred annuity contracts are ceded on a modified coinsurance basis. Under modified coinsurance agreements, the ceding company retains invested assets and investment earnings are paid to the reinsurer. Under terms of the agreement, NLIC bears the investment risk associated with changes in interest rates. Risk of asset default is retained by the Company, and NLIC pays a fee to the Company for the Company’s retention of such risk. The agreement will remain inforce until all contract obligations are settled. The ceding of risk does not discharge the original insurer from its primary obligation to the contractholder. Amounts ceded to NLIC are included in the Company’s statutory statements of operations for 2024, 2023 and 2022 and include considerations of $4 million, $46 million and $10 million, respectively, net investment income of $25 million, $31 million and $35 million, respectively, and benefits, claims and other expenses of $145 million, $186 million and $161 million, respectively. The reserve adjustment for 2024, 2023 and 2022 of $(143) million, $(153) million and $(161) million, respectively, represents changes in reserves related to this fixed block of business, offset by investment earnings on the underlying assets. Policy reserves under this agreement totaled $619 million and $737 million as of December 31, 2024 and 2023, respectively, and amounts recoverable related to this agreement were $2 million and $6 million as of December 31, 2024 and 2023, respectively.

The Company has an intercompany reinsurance agreement with NLIC whereby certain variable universal life insurance, whole life insurance and universal life insurance policies are ceded on a modified coinsurance basis. Total policy reserves under this treaty were $34 million as of December 31, 2024 and 2023. Total premiums ceded under this treaty were $11 million, $12 million and $12 million during 2024, 2023 and 2022, respectively.

The Company has an intercompany reinsurance agreement with NLIC whereby a certain life insurance contract is ceded on a 100% coinsurance basis. Policy reserves ceded under this agreement totaled $154 million as of December 31, 2024 and 2023.

The Company has entered into reinsurance contracts to cede a portion of its individual annuity and life insurance business to unrelated reinsurers. Total reserve credits taken as of December 31, 2024 and 2023 were $457 million and $489 million, respectively. The ceding of risk does not relieve the Company, as the original insurer, from its primary obligation to the policyholder.

 

(11)

Transactions with Affiliates

The Company has entered into significant, recurring transactions and agreements with NMIC, and other affiliates and subsidiaries as a part of its ongoing operations. These include, but are not limited to, annuity and life insurance contracts, and agreements related to reinsurance, cost sharing, tax sharing, administrative services, marketing, intercompany loans, intercompany repurchases, cash management services and software licensing. In addition, several benefit plans sponsored by NMIC are available to Nationwide employees, for which the Company has no legal obligations. Measures used to determine the allocation among companies includes individual employee estimates of time spent, special cost studies, the number of full-time employees and other methods agreed to by the participating companies in conformity with NAIC statutory accounting principles. In addition, the Company may underwrite insurance policies for its officers, directors, and/or other personnel providing services to the Company. The Company may offer discounts on certain products that are subject to applicable state insurance laws and approvals.

Affiliate receivables and payables are the result of cost sharing and intercompany service agreements between the Company and its affiliates in which settlement has not yet occurred. Affiliate receivables are presented net of affiliate payables when the Company has the right to offset. The net amounts due from affiliates were immaterial and $68 million as of December 31, 2024 and 2023, respectively, and are included in other assets in the Company’s statutory statements of admitted assets, liabilities, capital and surplus. The net amounts due to affiliates were $61 million and $27 million as of December 31, 2024 and 2023, respectively, and are included in other liabilities in the Company’s statutory statements of admitted assets, liabilities, capital and surplus. These arrangements are subject to written agreements which require that intercompany balances be settled within a certain time period, generally 30 to 60 days.

The Company and various affiliates share a home office, other facilities, equipment, common management and administrative services. In addition, NMIC provided data processing, systems development, hardware and software support, telephone, mail and other services to the Company, based on specified rates for units of service consumed pursuant to the enterprise cost sharing agreement. The Company was allocated costs from NMIC totaling $201 million, $160 million and $138 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Funds of Nationwide Variable Insurance Trust Funds (“NVITF”), a group of Nationwide businesses that develops, sells and services mutual funds, are offered to the Company’s customers as investment options in certain of the Company’s products. As of December 31, 2024 and 2023, customer allocations to NVITF totaled $1.9 billion and $1.5 billion, respectively. For the years ended December 31, 2024, 2023 and 2022, NVITF paid the Company an immaterial amount for the distribution and servicing of these funds.

 

40


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

Amounts on deposit with NCMC for the benefit of the Company were $1.7 billion and $961 million as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, amounts on deposit with NCMC were comprised of $1.5 billion and $782 million, respectively, of cash and cash equivalents, with remaining amounts in short-term investments.

The Company also participates in intercompany repurchase agreements with affiliates whereby the seller transfers securities to the buyer at a stated value. Upon demand or after a stated period, the seller repurchases the securities from the buyer at the original sales price plus interest. As of December 31, 2024 and 2023, the Company had no outstanding borrowings from affiliated entities under such agreements. The amounts the Company incurred for interest expense on intercompany repurchase agreements during 2024, 2023 and 2022 were immaterial.

During 2023, the Company received a total distribution from Olentangy of $80 million, comprised of a return of contributed surplus of $67 million and a dividend of $13 million.

During 2024, the Company received capital contributions of $400 million from NLIC. During 2023, the Company received no capital contributions from NLIC. During 2025, the Company received additional capital contributions of $100 million from NLIC as of the subsequent event date.

Pursuant to a financial support agreement, NLIC agrees to provide the Company with the minimum capital and surplus required by each state in which the Company does business. This agreement does not constitute NLIC as guarantor of any obligation or indebtedness of the Company or provide any creditor of NLAIC with recourse to or against any of the assets of NLIC.

The contractual obligations under NLAIC’s single premium deferred annuity (“SPDA”) contracts in force and issued before September 1, 1988, are guaranteed by NLIC. Total SPDA contracts affected by this guarantee in force as of December 31, 2024 and 2023 were immaterial.

During 2024 and 2023, the Company paid capital contributions of $6 million and $5 million, respectively, to NWSBL. During 2025, the Company paid an additional capital contribution of $7 million to NWSBL as of the subsequent event date. The entire investment in NWSBL was nonadmitted as of December 31, 2024 and 2023.

The Company and Nationwide Trust Company, FSB (“NTC”) have entered into an unsecured promissory note whereby NTC can borrow up to $180 million from the Company for up to 364 days after the date of the agreement with the outstanding balance being reported in short-term investments on the statutory statements of admitted assets, liabilities, capital and surplus. As of December 31, 2023, NTC had an outstanding borrowing of $90 million. Upon maturity on March 21, 2024, the outstanding balance was repaid and a $180 million replacement unsecured promissory note and revolving line of credit agreement was entered into with a draw amount of $90 million at an interest rate of 1-month SOFR plus 0.90% and a maturity date of March 20, 2025. As of December 31, 2024, NTC had an outstanding balance of $90 million. Upon maturity on March 20, 2025, the outstanding balance was repaid and a $180 million replacement unsecured promissory note and revolving line of credit agreement was entered into with a draw amount of $90 million at an interest rate of 1-month SOFR plus 0.91% and a maturity date of March 19, 2026. The outstanding balance on this note is $90 million as of the subsequent event date.

The Company and NWSBL have entered into a $550 million unsecured promissory note and revolving line of credit agreement whereby NWSBL can borrow up to $550 million from the Company for up to 364 days after the date of the agreement with the outstanding balance being reported in short-term investments on the statutory statements of admitted assets, liabilities, capital and surplus. As of December 31, 2023, NWSBL had an outstanding balance of $550 million. Upon maturity on February 28, 2024, the outstanding balance was repaid and a $550 million replacement agreement was entered into with a draw amount of $550 million at an interest rate of 1-month SOFR plus 0.90% and a maturity date of February 27, 2025. As of December 31, 2024, NWSBL had an outstanding balance of $550 million. Upon maturity on February 27, 2025, the outstanding balance was repaid and a $550 million replacement agreement was entered into with a draw amount of $550 million at an interest rate of 1-month SOFR plus 0.9% and a maturity date of February 26, 2026. The outstanding balance on this note is $550 million as of the subsequent event date.

The Company utilizes the look-through approach in valuing its investment in Nationwide Real Estate Investors (NLAIC), LLC (“NW REI (NLAIC)”), a subsidiary of NMIC, at $38 million and $40 million as of December 31, 2024 and 2023, respectively. NW REI (NLAIC)’s financial statements are not audited and the Company has limited the value of its investment in NW REI (NLAIC) to the value contained in the audited financial statements of the underlying investments. All liabilities, commitments, contingencies, guarantees or obligations of the NW REI (NLAIC), which are required under applicable accounting guidance, are reflected in the Company’s determination of the carrying value of the investment in NW REI (NLAIC), if not already recorded in the financial statements of NW REI (NLAIC).

The Company has not made any other guarantees or undertakings for the benefit of an affiliate which would result in a material contingent exposure of the Company’s or any affiliated insurer’s assets or liabilities.

 

41


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

Notes to December 31, 2024, 2023 and 2022 Statutory Financial Statements 

 

 

 

NMIC sponsors multiple benefit plans for its current and former employees including two qualified defined benefit pension plans, the Nationwide Retirement Plan – Account Balance and the Nationwide Retirement Plan – Final Average Pay, collectively the “Pension Plans”. On December 10, 2024, the Pension Plans purchased group annuity contracts that transferred certain obligations to the Company and NLIC. The impact of this transaction was immaterial to net income and capital and surplus.

 

(12)

Contingencies

Legal and Regulatory Matters

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

Indemnifications

In the normal course of business, the Company provides standard indemnifications to contractual counterparties. The types of indemnifications typically provided include breaches of representations and warranties, taxes and certain other liabilities, such as third-party lawsuits. The indemnification clauses are often standard contractual terms and are entered into in the normal course of business based on an assessment that the risk of loss would be remote. The terms of the indemnifications vary in duration and nature. In many cases, the maximum obligation is not explicitly stated, and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Consequently, the amount of the obligation under such indemnifications is not determinable. Historically, the Company has not made any material payments pursuant to these obligations.

 

(13)

Regulatory Risk-Based Capital, Dividend Restrictions and Unassigned Surplus

The NAIC RBC model law requires every insurer to calculate its total adjusted capital and RBC requirement to ensure insurer solvency. Regulatory guidelines provide for an insurance commissioner to intervene if the insurer experiences financial difficulty, as evidenced by a company’s total adjusted capital falling below established relationships to required RBC. The model includes components for asset risk, liability risk, interest rate exposure and other factors. The State of Ohio, where the Company is domiciled, imposes minimum RBC requirements that are developed by the NAIC. The formulas in the model for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, all of which require specified corrective action. The Company exceeded the minimum RBC requirements for all periods presented.

The State of Ohio insurance laws require insurers to seek prior regulatory approval to pay a dividend or distribution of cash or other property if the fair market value thereof, together with that of other dividends or distributions made in the preceding twelve months, exceeds the greater of (i) 10% of surplus as regards policyholders as of the prior December 31 or (ii) the net income of the insurer as of the prior year. No dividends were paid by the Company to NLIC for the years ended December 31, 2024 and 2023. The Company’s surplus as regards policyholders as of December 31, 2024 was $3.5 billion and statutory net loss for 2024 was $63 million. Due to the Company’s unassigned deficit as of December 31, 2024, any dividend paid by the Company in 2025 would require regulatory approval.

The State of Ohio insurance laws also require insurers to seek prior regulatory approval for any dividend or distribution paid from other than earned surplus. Earned surplus is defined under the State of Ohio insurance laws as the amount equal to the Company’s unassigned funds as set forth in its most recent statutory financial statements, including net unrealized capital gains and losses or revaluation of assets. Additionally, following any dividend, an insurer’s policyholder surplus must be reasonable in relation to the insurer’s outstanding liabilities and adequate for its financial needs. 

 

42


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

 

 

 

 

Schedule I    Summary of Investments – Other Than Investments in Related Parties

As of December 31, 2024 (in millions):

 

Column A

   Column B      Column C      Column D  

Type of investment

   Cost      Fair value      Amount at which is shown
in the statutory statements
of admitted assets,
liabilities, capital and
surplus
 

Bonds:

        

U.S. Treasury securities and obligations of U.S. Government corporations

   $ 1      $ 1      $ 1  

U.S. Government and agencies

     17        17        17  

Obligations of states and political subdivisions

     2,192        1,975        2,192  

Foreign governments

     414        375        414  

Public utilities

     4,942        4,490        4,909  

All other corporate, mortgage-backed and asset-backed securities

     32,020        29,768        31,863  
  

 

 

    

 

 

    

 

 

 

Total fixed maturity securities

   $ 39,586      $ 36,626      $ 39,396  
  

 

 

    

 

 

    

 

 

 

Equity securities:

        

Common stocks:

        

Industrial, miscellaneous and all other

     45        45        45  

Nonredeemable preferred stocks

     2        3        3  
  

 

 

    

 

 

    

 

 

 

Total equity securities

   $ 47      $ 48      $ 48  
  

 

 

    

 

 

    

 

 

 

Mortgage loans

     9,874           9,874  

Cash, cash equivalents and short-term investments

     2,339           2,339  

Policy loans

     412           412  

Other long-term investments1

     2,625           2,625  
  

 

 

       

 

 

 

Total invested assets

   $ 54,883         $ 54,694  
  

 

 

       

 

 

 

 

1

Includes derivatives, securities lending reinvested collateral assets and other invested assets. Amount does not agree to the statutory statements of admitted assets, liabilities, capital and surplus as investments in related parties of $39 million are excluded.

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

43


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

 

 

 

 

Schedule IV    Reinsurance

As of December 31, 2024, 2023 and 2022 and for each of the years then ended (in millions):

 

Column A

   Column B      Column C     Column D      Column E      Column F  
     Gross
amount
     Ceded to
other
companies
    Assumed
from other
companies
     Net
amount
     Percentage
of amount
assumed to net
 

2024

             

Life insurance in force

   $ 294,948      $ (96,950   $ —       $ 197,998        —   

Life insurance premiums

   $ 3,312      $ (265   $ —       $ 3,047        —   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

2023

             

Life insurance in force

   $ 267,086      $ (94,561   $ —       $ 172,525        —   

Life insurance premiums

   $ 2,879      $ (623   $ —       $ 2,256        —   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

2022

             

Life insurance in force

   $ 242,505      $ (70,213   $ —       $ 172,292        —   

Life insurance premiums

   $ 2,639      $ (220   $ —       $ 2,419        —   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

44


NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY

(a wholly owned subsidiary of Nationwide Life Insurance Company)

 

 

 

 

Schedule V    Valuation and Qualifying Accounts

Years ended December 31, 2024, 2023 and 2022 (in millions):

 

Column A

   Column B      Column C      Column D      Column E  

Description

   Balance at
beginning
of period
     Charged to
costs and
expenses
     Charged to
other
accounts1
     Deductions      Balance at
end of
period
 

2024

              

Valuation allowances - mortgage loans

   $ —       $ —       $ —       $ —       $ —   

Valuation allowances - net deferred tax assets

     —         —         —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

2023

              

Valuation allowances - mortgage loans2

   $ —       $ —       $ —       $ —       $ —   

Valuation allowances - net deferred tax assets

     —         —         —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

2022

              

Valuation allowances - mortgage loans

   $ 48      $ 7      $ —       $ —       $ 55  

Valuation allowances - net deferred tax assets

     —         —         —         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

1

Amounts related to net deferred tax assets are recognized through surplus. The net admitted deferred tax balance as of December 31, 2024, 2023 and 2022 was $192 million, $175 million and $150 million, respectively.

2

Effective January 1, 2023, the Company changed its method for reserving for mortgage loans. Refer to Note 5 for further discussion and the resulting impacts of the change.

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

45