NATIONWIDE

JEFFERSON

NATIONAL VA

SEPARATE

ACCOUNT 1

Annual Report

To

Contract Owners

December 31, 2025

 

 

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

		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 Insurance Company and Contract Owners of Nationwide Jefferson National VA Separate Account 1:

Opinion on the Financial Statements

We have audited the accompanying statements of assets, liabilities and contract owners’ equity of the subaccounts listed in the Appendix that comprise the Nationwide Jefferson National VA Separate Account 1 (the Subaccounts), as of December 31, 2025, the related statements of operations for the year or period listed in the Appendix, the statements of changes in contract owners’ equity for each of the years or periods listed in the Appendix, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Subaccounts as of December 31, 2025, the results of their operations for the year or period listed in the Appendix, and the changes in their contract owners’ equity for each of the years or periods listed in the Appendix, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Subaccounts’ 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 Subaccounts 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, 2025, 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, 2026

 

		KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Appendix

Statements of assets, liabilities and contract owners’ equity as of December 31, 2025, the related statements 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 Sustainable Global Thematic Portfolio: Class B (ABTGB)

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 B (ALVSVB)

ADVISOR PREFERRED

Advisors Preferred Trust - Gold Bullion Strategy Portfolio (APTGBS)

ALGER AMERICAN FUNDS

Alger Capital Appreciation Portfolio - Class I2 Shares (ALCAI2)

Alger Large Cap Growth Portfolio: Class I-2 Shares (ALCGI2)

Alger Mid Cap Growth Portfolio: Class I-2 Shares (ALMGI2)

ALLSPRING GLOBAL INVESTMENTS

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

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

ALPS FUNDS

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

ALPS Variable Investment Trust - Morningstar Aggressive Growth ETF Asset Allocation Portfolio: Class II (AAGEA2)

ALPS Variable Investment Trust - Morningstar Balanced ETF Asset Allocation Portfolio: Class II (ABEAA2)

ALPS Variable Investment Trust - Morningstar Conservative ETF Asset Allocation Portfolio: Class II (ACEAA2)

ALPS Variable Investment Trust - Morningstar Growth ETF Asset Allocation Portfolio: Class II (AGEAA2)

ALPS Variable Investment Trust - Morningstar Income and Growth ETF Asset Allocation Portfolio: Class II (AUGEA2)

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) - Capital Income Builder(R): Class 4 (AMVCB4)

American Funds Insurance Series(R) - Capital World Bond Fund: Class 4 (AMVGB4)

American Funds Insurance Series(R) - Global Growth Fund: Class 4 (AMVGG4)

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) - Capital World Growth and Income Fund: Class 4 (AMVGW4)

American Funds Insurance Series(R) - American High-Income Trust Fund: Class 4 (AMVHI4)

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

American Funds Insurance Series(R) - International Growth and Income Fund: Class 4 (AMVIG4)

American Funds Insurance Series(R) - American Funds Mortgage Fund: Class 4 (AMVM4)

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

American Funds Insurance Series(R) - U.S. Government Securities Fund: Class 4 (AMVUA4)

American Funds Insurance Series(R) - Managed Risk Asset Allocation Fund: Class P2 (AVPAP2)

American Funds Insurance Series(R) - Managed Risk Washington Mutual Investors Fund: Class P2 (AVRBP2)

BLACKROCK FUNDS

BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III (BRVED3)

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

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

BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class III (BVLCC3)

BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Value V.I. Fund: Class III (BVLCV3)

BlackRock Variable Series Funds, Inc. - BlackRock Large Cap Focus Growth V.I. Fund: Class III (BVLFG3)

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

BNY MELLON INVESTMENT MANAGEMENT

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

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

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

CALVERT GROUP

Calvert Variable Series, Inc. - Calvert VP SRI Balanced Portfolio: Class F (CVSBF)

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 - Select Large Cap Value Fund: Class 1 (CLVLV1)

Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Strategic Income Fund: Class 2 (CLVSI2)

Columbia Funds Variable Trust II - Columbia Variable Portfolio - Select Small Cap Value Fund: Class 1 (CLVSV1)

CREDIT SUISSE ASSET MANAGEMENT

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

DIMENSIONAL FUND ADVISORS INC.

DFA Investment Dimensions Group Inc. - Dimensional VA Equity Allocation Portfolio: Institutional Class (DFVEA)¹

DFA Investment Dimensions Group Inc. - Dimensional VA Global Bond Portfolio (DFVGB)¹

DFA Investment Dimensions Group Inc. - Dimensional VA Global Moderate Allocation Portfolio: Institutional Class (DFVGMI)¹

DFA Investment Dimensions Group Inc. - Dimensional VA International Small Portfolio (DFVIS)¹

DFA Investment Dimensions Group Inc. - Dimensional VA International Value Portfolio (DFVIV)¹

DFA Investment Dimensions Group Inc. - Dimensional VA Short-Term Fixed Portfolio (DFVSTF)¹

DFA Investment Dimensions Group Inc. - Dimensional VA U.S. Large Value Portfolio (DFVULV)¹

DFA Investment Dimensions Group Inc. - Dimensional VA U.S. Targeted Value Portfolio (DFVUTV)¹

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 High Income Bond Fund II: Primary Shares (FHIB)

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 Disciplined Small Cap Portfolio: Service Class 2 (FDSCS2)

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2 (FEI2)

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 (FG2)

Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 (FGI2)

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

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class 2 (FHI2)

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

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

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

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2 (FO2)

Fidelity Variable Insurance Products - VIP Real Estate Portfolio: Service Class 2 (FRESS2)

Fidelity Variable Insurance Products Fund - VIP Value Portfolio: Service Class 2 (FV2)

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Income Fund Portfolio: Service Class 2 (FVFI2)¹

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 2 (FVSS2)

FIRST EAGLE

First Eagle Variable Funds - Overseas Variable Fund (FEOVF)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

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

Franklin Templeton Variable Insurance Products Trust - Franklin Global Real Estate VIP Fund: Class 2 (FTVGR2)

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

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Shares VIP Fund: Class 2 (FTVMS2)

Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2 (FTVRD2)

Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2 (FTVSI2)

Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 2 (FTVUG2)

GUGGENHEIM INVESTMENTS

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

Rydex Variable Trust - Russell 2000(R) 2X Strategy Fund (GVR2XS)

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

Rydex Variable Trust - Inverse NASDAQ-100(R) Strategy Fund (RAF)

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 - Inverse Government Long Bond Strategy Fund (RJNF)

Rydex Variable Trust - Europe 1.25x Strategy Fund (RLCE)

Rydex Variable Trust - Japan 2x Strategy Fund (RLCJ)

Rydex Variable Trust - Leisure Fund (RLF)

Rydex Variable Trust - Mid-Cap 1.5x Strategy Fund (RMED)

Rydex Variable Trust - Russell 2000(R) 1.5x Strategy Fund (RMEK)

Rydex Variable Trust - Nova Fund (RNF)

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 - Government Long Bond 1.2x Strategy Fund (RUGB)

Rydex Variable Trust - Utilities Fund (RUTL)

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

‘Rydex Variable Trust - Commodities Strategy Fund (RVCMD)

Rydex Variable Trust - NASDAQ-100(R) 2x Strategy Fund (RVF)

Rydex Variable Trust - Inverse Russell 2000(R) Strategy Fund (RVISC)

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

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

Rydex Variable Trust - Dow 2x Strategy Fund (RVLDD)

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)

Rydex Variable Trust - Strengthening Dollar 2x Strategy Fund (RVSDL)

Rydex Variable Trust - Weakening Dollar 2x Strategy Fund (RVWDL)

Guggenheim Variable Funds Trust - Series P (High Yield Series) (SBLP)

INVESCO INVESTMENTS

Invesco - Invesco V.I. Comstock Fund: Series I Shares (ACC1)

Invesco - Invesco V.I. High Yield Fund: Series I Shares (AVHY1)

Invesco - Invesco V.I. EQV International Equity Fund: Series I Shares (AVIE)

Invesco - Invesco V.I. Balanced-Risk Allocation Fund: Series II Shares (IVBRA2)

Invesco - Invesco V.I. Core Plus Bond Fund: Series II Shares (IVCPB2)

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. Government Money Market Fund: Series I Shares (IVGMMI)

Invesco - Invesco V.I. Government Securities Fund: Series I Shares (IVGS1)

Invesco - Invesco V.I. Health Care Fund: Series I Shares (IVHS)

Invesco - Invesco V.I. Equity and Income Fund: Series I Shares (IVKEI1)

Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares (IVMCC2)

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

Invesco - Invesco V.I. Technology Fund: Series I Shares (IVT)

Invesco - Invesco V.I. Main Street Fund: Series II (OVGIS)

Invesco - Invesco V.I. Global Fund: Series II (OVGSS)

Invesco V.I. International Growth Fund: Series II (OVIGS)¹

JANUS HENDERSON INVESTORS

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

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 Forty Portfolio: Institutional Shares (JAFRIN)

Janus Aspen Series - Janus Henderson Global Research Portfolio: Institutional Shares (JAGRIN)

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

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

Janus Aspen Series - Janus Henderson Research Portfolio: Institutional Shares (JARIN)

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 NAV (JHEVTN)

LAZARD FUNDS

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares (LZREMS)

Lazard Retirement Series, Inc. - Lazard Retirement International Equity Portfolio: Service Shares (LZRIES)

Lazard Retirement Series, Inc. - Lazard Retirement US Small Cap Equity Select Portfolio: Service Shares (LZRUSM)

LEGG MASON

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Growth Portfolio: Class I (LPVCAI)

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)

Western Asset Variable Global High Yield Bond Portfolio: Class I (SBVHY)

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. - Dividend Growth Portfolio: Class VC (LOVCDG)

Lord Abbett Series Fund, Inc. - Growth and Income Portfolio: Class VC (LOVGI)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust - MFS Growth Series: Service Class (MEGSS)

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

MFS(R) Variable Insurance Trust - MFS Value Series: Service Class (MVFSC)

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Service Class (MVIGSC)

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 Y (DTRTFY)

Nationwide Variable Insurance Trust - NVIT Fidelity Institutional AM(R) Emerging Markets Fund: Class II (GEM2)¹

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

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

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class Y (GVIXY)

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

Nationwide Variable Insurance Trust - NVIT Strategic Income Fund: Class I (MSBF)¹

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

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class Y (NVBXD)

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

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

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

Nationwide Variable Insurance Trust - NVIT Putnam International Value Fund: Class X (NVMIVX)¹

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

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

Nationwide Variable Insurance Trust - NVIT GQG US Quality Equity Fund: Class I (NVNSR1)¹

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y (NVSIXD)

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

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Equity and Options Total Return Fund: Class I (TRF)¹

NEUBERGER & BERMAN MANAGEMENT, INC.

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

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

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

NOMURA INVESTMENT MANAGEMENT

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

Ivy Variable Insurance Portfolios - Nomura VIP Asset Strategy Series: Service Class (WRASP)¹

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

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

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

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

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

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

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

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

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

NORTHERN LIGHTS

Northern Lights Variable Trust - TOPS Managed Risk Balanced ETF Portfolio: Class 2 (NOTB2)

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

Northern Lights Variable Trust - Donoghue Forlines Dividend VIT Fund: Class 1 (NOVPDI)

Northern Lights Variable Trust - Donoghue Forlines Momentum VIT Fund: Class 1 (NOVPM)

NYLI FUNDS

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

PIMCO FUNDS

PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Administrative Class (PMUBAM)

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 - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class (PMVFHA)

PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Administrative Class (PMVGBA)

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 - Long-Term U.S. Government Portfolio: Administrative Class (PMVLGA)

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 - Global Managed Asset Allocation Portfolio: Administrative Class (PVGMAA)

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

PROFUNDS

ProFunds - ProFund VP Asia 30 (PROA30)

ProFunds - ProFund Access VP High Yield (PROAHY)

ProFunds - ProFund VP Biotechnology (PROBIO)

ProFunds - ProFund VP Bull (PROBL)

ProFunds - ProFund VP Materials (PROBM)

ProFunds - ProFund VP Banks (PROBNK)

ProFunds - ProFund VP Bear (PROBR)

ProFunds - ProFund VP Consumer Staples (PROCG)

ProFunds - ProFund VP Consumer Discretionary (PROCS)

ProFunds - ProFund VP Emerging Markets (PROEM)

ProFunds - ProFund VP Financials (PROFIN)

ProFunds - ProFund VP Falling U.S. Dollar (PROFUD)

ProFunds - ProFund VP U.S. Government Plus (PROGVP)

ProFunds - ProFund VP Health Care (PROHC)

ProFunds - ProFund VP Industrials (PROIND)

ProFunds - ProFund VP International (PROINT)

ProFunds - ProFund VP Japan (PROJP)

ProFunds - ProFund VP Large-Cap Growth (PROLCG)

ProFunds - ProFund VP Large-Cap Value (PROLCV)

ProFunds - ProFund VP Mid-Cap (PROMC)

ProFunds - ProFund VP Mid-Cap Growth (PROMCG)

ProFunds - ProFund VP Mid-Cap Value (PROMCV)

ProFunds - ProFund VP Nasdaq-100 (PRON)

ProFunds - ProFund VP Internet (PRONET)

ProFunds - ProFund VP Energy (PROOG)

ProFunds - ProFund VP Pharmaceuticals (PROPHR)

ProFunds - ProFund VP Precious Metals (PROPM)

ProFunds - ProFund VP Real Estate (PRORE)

ProFunds - ProFund VP Rising Rates Opportunity (PRORRO)

ProFunds - ProFund VP Small-Cap (PROSC)

ProFunds - ProFund VP Small-Cap Growth (PROSCG)

ProFunds - ProFund VP Semiconductor (PROSCN)

ProFunds - ProFund VP Small-Cap Value (PROSCV)

ProFunds - ProFund VP Short Emerging Markets (PROSEM)

ProFunds - ProFund VP Technology (PROTEC)

ProFunds - ProFund VP Communication Services (PROTEL)

ProFunds - ProFund VP UltraBull (PROUB)

ProFunds - ProFund VP UltraNasdaq-100 (PROUN)

ProFunds - ProFund VP UltraSmall-Cap (PROUSC)

ProFunds - ProFund VP UltraShort Nasdaq-100 (PROUSN)

ProFunds - ProFund VP Utilities (PROUTL)

PUTNAM INVESTMENTS

Putnam Variable Trust - Putnam VT Mortgage Securities Fund: Class IB (PVAGIB)

Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (PVEIB)

Putnam Variable Trust - Putnam VT High Yield Fund: Class IB (PVHYB)

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

Putnam Variable Trust - Putnam VT International Value Fund: Class IB (PVIGIB)

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

ROYCE CAPITAL FUNDS

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

Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class (ROCSC)

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

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

THIRD AVENUE FUNDS

Third Avenue Variable Series Trust - Third Avenue Value Portfolio (TAVV)

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S (VVGGS)

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

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)

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 - Small Company Growth Portfolio (VVSCG)

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)

VICTORY FUNDS

Victory Variable Insurance Funds II - Victory Pioneer High Yield VCT Portfolio: Class II (PIHYB2)¹

Victory Variable Insurance Funds II - Victory Pioneer Bond VCT Portfolio: Class II (PIVB2)¹

Victory Variable Insurance Funds II - Victory Pioneer Equity Income VCT Portfolio: Class II (PIVEI2)¹

Victory Variable Insurance Funds II - Victory Pioneer Fund VCT Portfolio: Class II (PIVF2)¹

Victory Variable Insurance Funds II - Victory Pioneer Mid Cap Value VCT Portfolio: Class II (PIVMV2)¹

Victory Variable Insurance Funds II - Victory Pioneer Strategic Income VCT Portfolio: Class II (PIVSI2)¹

VIRTUS MUTUAL FUNDS

Virtus Variable Insurance Trust - Virtus SGA International Growth Series: Class A (VRVDIA)

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

Virtus Variable Insurance Trust - Virtus Newfleet Multi-Sector Intermediate Bond Series: Class A (VRVNMA)

Statements of assets, liabilities and contract owners’ equity as of December 31, 2025, the related statements of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2025 and the period from April 26, 2024 (inception) to December 31, 2024.

LINCOLN FUNDS

Lincoln Variable Insurance Products Trust - LVIP American Century Balanced Fund: Standard Class II (LACB2)

Lincoln Variable Insurance Products Trust - LVIP American Century Disciplined Core Value Fund: Standard Class II (LACDV2)

Lincoln Variable Insurance Products Trust - LVIP American Century International Fund: Standard Class II (LACI2)

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

Lincoln Variable Insurance Products Trust - LVIP American Century Large Company Value Fund: Standard Class II (LACLV2)

Lincoln Variable Insurance Products Trust - LVIP American Century Ultra(R) Fund: Standard Class II (LACU2)

Lincoln Variable Insurance Products Trust - LVIP American Century Value Fund: Standard Class II (LACV2)

Statements of assets, liabilities and contract owners’ equity as of December 31, 2025, the related statements of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2025 and the period from October 25, 2024 (inception) to December 31, 2024.

NEW AGE ALPHA ADVISORS, LLC

New Age Alpha Variable Funds Trust - NAA Large Growth Series (NALG)

New Age Alpha Variable Funds Trust - NAA Mid Growth Series (NAMG)

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, 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, 2025 and the period from November 14, 2024 (inception) to December 31, 2024.

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 (FEMS2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, 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, 2025 and the period from December 9, 2024 (inception) to December 31, 2024.

CALVERT GROUP

Calvert Variable Trust, Inc. - CVT Nasdaq 100 Index Portfolio: Class F (CVN1IF)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period February 28, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class Y (NVCBDY)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period May 8, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

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

Statements of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period June 23, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT NASDAQ-100 Index Fund: Class II (NNASD2)

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period July 28, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Digital Evolution Strategy Fund: Class II (NDES2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period September 12, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Inflation Managed Fund: Class II (NJMIM2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period October 14, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT Fidelity Institutional AM(R) Emerging Markets Fund: Class I (GEM)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period November 12, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2025, and the related statements of operations and changes in contract owners’ equity for the period November 25, 2025 (inception) to December 31, 2025.

NATIONWIDE FUNDS

Nationwide Variable Insurance Trust - NVIT Fidelity Institutional AM(R) Worldwide Fund: Class II (NFDIW2)

⁽¹⁾ See Note 1 to the financial statements for the former name of the subaccount.

NATIONWIDE JEFFERSON NATIONAL VA SEPARATE ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2025

 

										Investments,				Accounts								Accounts				Contract Owners’				Accumulation				Contracts				Contract Owners’
Subaccount*,**		Shares***				Cost				at fair value				Receivable				Total Assets				Payable				Equity				Units				in Payout				Equity
ABTGB		3,012		$		96,770		$		91,133		$		-		$		91,133		$		-		$		91,133		$		91,133		$		-		$		91,133
ALVGIA		12,198				356,483				387,173				-				387,173				-				387,173				387,173				-				387,173
ALVIVB		2,669				35,425				55,575				-				55,575				-				55,575				55,575				-				55,575
ALVSVB		12,591				219,740				205,112				-				205,112				-				205,112				205,112				-				205,112
APTGBS		56,620				1,794,158				2,194,593				-				2,194,593				-				2,194,593				2,194,593				-				2,194,593
ALCAI2		6,056				815,539				780,313				1				780,314				-				780,314				780,314				-				780,314
ALCGI2		9,555				958,180				985,782				1				985,783				-				985,783				985,783				-				985,783
ALMGI2		6,702				146,653				159,652				-				159,652				-				159,652				159,652				-				159,652
AAEIP3		9,682				137,790				121,700				-				121,700				-				121,700				121,700				-				121,700
AAGEA2		55,402				879,028				943,502				-				943,502				-				943,502				943,502				-				943,502
ABEAA2		133,801				1,457,012				1,505,264				-				1,505,264				-				1,505,264				1,505,264				-				1,505,264
ACEAA2		49,469				502,051				534,764				-				534,764				-				534,764				534,764				-				534,764
AGEAA2		158,917				1,913,032				2,121,546				-				2,121,546				1				2,121,545				2,121,545				-				2,121,545
AUGEA2		127,019				1,326,675				1,322,265				-				1,322,265				-				1,322,265				1,322,265				-				1,322,265
AMVAA4		191,686				4,796,053				5,131,434				-				5,131,434				1				5,131,433				5,131,433				-				5,131,433
AMVBC4		84,311				1,230,663				1,479,662				1				1,479,663				-				1,479,663				1,479,663				-				1,479,663
AMVBD4		243,609				2,294,185				2,268,002				-				2,268,002				1				2,268,001				2,268,001				-				2,268,001
AMVCB4		206,721				2,585,497				2,989,193				-				2,989,193				-				2,989,193				2,989,193				-				2,989,193
AMVGB4		36,990				392,568				367,306				1				367,307				-				367,307				367,307				-				367,307
AMVGG4		36,593				1,307,163				1,374,067				-				1,374,067				-				1,374,067				1,374,067				-				1,374,067
AMVGI4		35,172				2,032,936				2,278,088				-				2,278,088				-				2,278,088				2,278,088				-				2,278,088
AMVGR4		19,492				1,970,147				2,619,563				-				2,619,563				-				2,619,563				2,619,563				-				2,619,563
AMVGS4		13,704				232,164				259,960				-				259,960				-				259,960				259,960				-				259,960
AMVGW4		45,611				696,057				814,155				-				814,155				-				814,155				814,155				-				814,155
AMVHI4		76,632				804,859				787,010				1				787,011				-				787,011				787,011				-				787,011
AMVI4		21,841				419,382				476,784				-				476,784				-				476,784				476,784				-				476,784
AMVIG4		114,352				1,217,637				1,471,713				2				1,471,715				-				1,471,715				1,471,715				-				1,471,715
AMVM4		12,845				120,063				118,305				-				118,305				-				118,305				118,305				-				118,305
AMVNW4		169,626				4,544,339				5,378,825				-				5,378,825				-				5,378,825				5,378,825				-				5,378,825
AMVUA4		97,131				949,347				946,057				-				946,057				-				946,057				946,057				-				946,057
AVPAP2		30,715				382,231				399,295				1				399,296				-				399,296				399,296				-				399,296
AVRBP2		22,202				249,002				281,738				1				281,739				-				281,739				281,739				-				281,739
BRVED3		19,690				224,326				225,649				-				225,649				-				225,649				225,649				-				225,649

 

See accompanying notes to financial statements.

NATIONWIDE JEFFERSON NATIONAL VA SEPARATE ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2025

 

										Investments,				Accounts								Accounts				Contract Owners’				Accumulation				Contracts				Contract Owners’
Subaccount*,**		Shares***				Cost				at fair value				Receivable				Total Assets				Payable				Equity				Units				in Payout				Equity
BRVHY3		134,481				902,644				946,749				4,851				951,600				-				951,600				951,600				-				951,600
BRVTR3		93,674				931,989				947,042				4,045				951,087				-				951,087				951,087				-				951,087
BVLCC3		9,552				214,653				253,804				-				253,804				-				253,804				253,804				-				253,804
BVLCV3		5,166				54,392				51,863				-				51,863				-				51,863				51,863				-				51,863
BVLFG3		25,790				583,830				538,753				-				538,753				1				538,752				538,752				-				538,752
MLVGA3		123,753				1,740,253				1,650,860				1				1,650,861				-				1,650,861				1,650,861				-				1,650,861
DSIF		9,040				688,880				787,876				1				787,877				-				787,877				787,877				-				787,877
DVSCS		144,982				2,589,600				2,611,123				-				2,611,123				-				2,611,123				2,611,123				-				2,611,123
CVSBF		324,215				849,201				911,044				-				911,044				-				911,044				911,044				-				911,044
CLVGT2		77,795				2,005,662				2,642,705				-				2,642,705				-				2,642,705				2,642,705				-				2,642,705
CLVLV1		2,895				131,608				162,239				-				162,239				2				162,237				162,237				-				162,237
CLVSI2		100,501				359,342				375,874				-				375,874				-				375,874				375,874				-				375,874
CLVSV1		4,264				161,255				178,768				-				178,768				-				178,768				178,768				-				178,768
CSCRS		3,148				57,949				62,637				-				62,637				-				62,637				62,637				-				62,637
DFVEA		730,410				10,977,134				13,468,760				-				13,468,760				1				13,468,759				13,468,759				-				13,468,759
DFVGB		410,668				4,153,472				4,004,008				-				4,004,008				1				4,004,007				4,004,007				-				4,004,007
DFVGMI		294,882				4,685,153				5,343,262				1				5,343,263				-				5,343,263				5,343,263				-				5,343,263
DFVIS		269,233				3,394,858				3,979,260				1				3,979,261				-				3,979,261				3,979,261				-				3,979,261
DFVIV		351,684				5,182,668				6,516,701				-				6,516,701				-				6,516,701				6,516,701				-				6,516,701
DFVSTF		535,478				5,426,751				5,392,267				-				5,392,267				1				5,392,266				5,392,266				-				5,392,266
DFVULV		195,450				6,424,887				6,823,145				-				6,823,145				-				6,823,145				6,823,145				-				6,823,145
DFVUTV		282,248				6,313,165				6,288,493				-				6,288,493				-				6,288,493				6,288,493				-				6,288,493
ETVFR		226,066				1,918,305				1,892,174				-				1,892,174				-				1,892,174				1,892,174				-				1,892,174
FHIB		45,980				256,044				265,764				-				265,764				-				265,764				265,764				-				265,764
FVK2S		46,375				836,170				804,136				-				804,136				-				804,136				804,136				-				804,136
FVU2		82,448				770,868				857,458				-				857,458				-				857,458				857,458				-				857,458
FB2		82,859				1,781,779				2,108,767				-				2,108,767				-				2,108,767				2,108,767				-				2,108,767
FC2		131,855				7,479,362				7,497,283				1				7,497,284				-				7,497,284				7,497,284				-				7,497,284
FDSCS2		59,655				1,028,943				1,204,438				-				1,204,438				-				1,204,438				1,204,438				-				1,204,438
FEI2		27,686				754,728				778,808				1				778,809				-				778,809				778,809				-				778,809
FEMS2		24,337				366,055				385,743				-				385,743				-				385,743				385,743				-				385,743
FG2		39,636				3,759,818				3,681,417				-				3,681,417				-				3,681,417				3,681,417				-				3,681,417
FGI2		21,392				701,633				684,333				-				684,333				-				684,333				684,333				-				684,333

 

See accompanying notes to financial statements.

NATIONWIDE JEFFERSON NATIONAL VA SEPARATE ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2025

 

										Investments,				Accounts								Accounts				Contract Owners’				Accumulation				Contracts				Contract Owners’
Subaccount*,**		Shares***				Cost				at fair value				Receivable				Total Assets				Payable				Equity				Units				in Payout				Equity
FGO2		18,832				1,328,376				1,815,447				-				1,815,447				-				1,815,447				1,815,447				-				1,815,447
FHI2		17,634				80,623				81,293				-				81,293				-				81,293				81,293				-				81,293
FIGBP2		509,727				5,515,986				5,591,706				1				5,591,707				-				5,591,707				5,591,707				-				5,591,707
FMC2		23,865				870,192				839,342				-				839,342				-				839,342				839,342				-				839,342
FNRS2		7,516				187,204				203,691				-				203,691				-				203,691				203,691				-				203,691
FO2		14,129				382,057				383,192				1				383,193				-				383,193				383,193				-				383,193
FRESS2		11,776				197,940				205,131				1				205,132				-				205,132				205,132				-				205,132
FV2		26,374				497,385				493,726				-				493,726				-				493,726				493,726				-				493,726
FVFI2		10,027				113,451				116,615				-				116,615				-				116,615				116,615				-				116,615
FVFRHI		225,010				2,214,748				2,171,344				-				2,171,344				-				2,171,344				2,171,344				-				2,171,344
FVICA2		40,078				942,398				1,052,048				-				1,052,048				-				1,052,048				1,052,048				-				1,052,048
FVSIS2		180,894				1,931,115				2,002,492				1				2,002,493				-				2,002,493				2,002,493				-				2,002,493
FVSS2		45,865				753,407				741,637				-				741,637				-				741,637				741,637				-				741,637
FEOVF		113,899				3,200,502				3,180,064				-				3,180,064				-				3,180,064				3,180,064				-				3,180,064
FTVGI2		998				12,325				13,140				-				13,140				1				13,139				13,139				-				13,139
FTVGR2		4,625				57,909				60,397				-				60,397				-				60,397				60,397				-				60,397
FTVIS2		26,792				396,033				406,174				-				406,174				-				406,174				406,174				-				406,174
FTVMS2		1,006				15,474				16,200				-				16,200				-				16,200				16,200				-				16,200
FTVRD2		22,616				603,693				634,163				-				634,163				-				634,163				634,163				-				634,163
FTVSI2		97,155				877,302				887,025				-				887,025				2				887,023				887,023				-				887,023
FTVUG2		12,272				128,000				128,859				-				128,859				-				128,859				128,859				-				128,859
GVFRB		44,311				1,077,778				1,041,753				2				1,041,755				-				1,041,755				1,041,755				-				1,041,755
GVR2XS		424				57,932				72,415				-				72,415				-				72,415				72,415				-				72,415
GVTRBE		263,909				3,967,911				3,882,096				-				3,882,096				1				3,882,095				3,882,095				-				3,882,095
RBF		315				24,357				29,205				-				29,205				-				29,205				29,205				-				29,205
RBMF		338				39,780				39,966				-				39,966				-				39,966				39,966				-				39,966
RELF		624				118,172				133,702				1				133,703				-				133,703				133,703				-				133,703
RENF		-				73				78				-				78				1				77				77				-				77
RFSF		886				105,665				110,184				-				110,184				-				110,184				110,184				-				110,184
RHCF		246				18,876				19,621				1				19,622				-				19,622				19,622				-				19,622
RMED		746				158,705				184,075				1				184,076				-				184,076				184,076				-				184,076
RNF		39				9,811				10,069				-				10,069				-				10,069				10,069				-				10,069
ROF		12,079				1,047,761				1,168,426				-				1,168,426				-				1,168,426				1,168,426				-				1,168,426

 

See accompanying notes to financial statements.

NATIONWIDE JEFFERSON NATIONAL VA SEPARATE ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2025

 

										Investments,				Accounts								Accounts				Contract Owners’				Accumulation				Contracts				Contract Owners’
Subaccount*,**		Shares***				Cost				at fair value				Receivable				Total Assets				Payable				Equity				Units				in Payout				Equity
RPMF		2,053				146,066				199,295				-				199,295				-				199,295				199,295				-				199,295
RREF		1,283				62,085				48,957				-				48,957				-				48,957				48,957				-				48,957
RRF		29				4,156				4,127				-				4,127				-				4,127				4,127				-				4,127
RTEC		1,533				342,303				373,000				-				373,000				1				372,999				372,999				-				372,999
RUGB		41				7,360				7,316				-				7,316				-				7,316				7,316				-				7,316
RUTL		1,045				46,512				45,174				-				45,174				-				45,174				45,174				-				45,174
RVARS		1,145				30,437				26,874				-				26,874				-				26,874				26,874				-				26,874
RVCMD		216				20,069				19,327				-				19,327				-				19,327				19,327				-				19,327
RVF		2,311				474,918				516,812				-				516,812				-				516,812				516,812				-				516,812
RVLCG		13,929				657,743				777,236				-				777,236				-				777,236				777,236				-				777,236
RVLCV		5,437				272,978				357,996				-				357,996				-				357,996				357,996				-				357,996
RVMCG		620				24,955				24,029				-				24,029				-				24,029				24,029				-				24,029
RVMCV		3,420				161,312				164,844				-				164,844				-				164,844				164,844				-				164,844
RVMFU		1,708				30,268				28,734				1				28,735				-				28,735				28,735				-				28,735
RVSCG		1,335				75,437				76,643				-				76,643				-				76,643				76,643				-				76,643
RVSCV		484				39,617				42,499				-				42,499				-				42,499				42,499				-				42,499
SBLP		908				22,056				22,456				-				22,456				-				22,456				22,456				-				22,456
ACC1		75,928				1,542,352				1,626,370				-				1,626,370				-				1,626,370				1,626,370				-				1,626,370
AVHY1		8,319				39,015				39,431				-				39,431				-				39,431				39,431				-				39,431
AVIE		2,193				74,499				79,195				-				79,195				-				79,195				79,195				-				79,195
IVBRA2		72,889				610,557				612,266				-				612,266				-				612,266				612,266				-				612,266
IVCPBI		695,306				4,111,820				4,067,538				2				4,067,540				-				4,067,540				4,067,540				-				4,067,540
IVGS1		22,027				226,693				234,590				-				234,590				-				234,590				234,590				-				234,590
IVHS		2,759				81,015				82,456				-				82,456				1				82,455				82,455				-				82,455
IVKEI1		73,936				1,280,518				1,350,811				-				1,350,811				1				1,350,810				1,350,810				-				1,350,810
IVMCC2		8,734				81,207				91,702				-				91,702				2				91,700				91,700				-				91,700
IVRE		7,856				125,102				111,244				-				111,244				-				111,244				111,244				-				111,244
IVT		178,905				4,415,470				4,596,067				1				4,596,068				-				4,596,068				4,596,068				-				4,596,068
OVGIS		396				7,036				8,486				-				8,486				-				8,486				8,486				-				8,486
OVGSS		759				25,871				27,560				-				27,560				-				27,560				27,560				-				27,560
OVIGS		14,706				28,125				30,441				-				30,441				-				30,441				30,441				-				30,441
JABIN		61,278				2,833,420				3,422,996				-				3,422,996				-				3,422,996				3,422,996				-				3,422,996
JAEI		29,596				2,355,226				2,473,633				2				2,473,635				-				2,473,635				2,473,635				-				2,473,635

 

See accompanying notes to financial statements.

NATIONWIDE JEFFERSON NATIONAL VA SEPARATE ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2025

 

										Investments,				Accounts								Accounts				Contract Owners’				Accumulation				Contracts				Contract Owners’
Subaccount*,**		Shares***				Cost				at fair value				Receivable				Total Assets				Payable				Equity				Units				in Payout				Equity
JAFBS		21,619				260,674				240,834								1 240,835				-				240,835				240,835				-				240,835
JAFRIN		35,426				1,833,135				2,104,990				-				2,104,990				-				2,104,990				2,104,990				-				2,104,990
JAGRIN		10,685				751,447				851,294				-				851,294				-				851,294				851,294				-				851,294
JAGSEI		788				9,516				10,169				-				10,169				-				10,169				10,169				-				10,169
JAIG		25,354				1,169,261				1,415,282				-				1,415,282				-				1,415,282				1,415,282				-				1,415,282
JARIN		16,064				944,240				1,042,576				-				1,042,576				1				1,042,575				1,042,575				-				1,042,575
JMCVIN		59,264				1,048,431				1,053,121				-				1,053,121				1				1,053,120				1,053,120				-				1,053,120
JHEVTN		130,288				1,284,094				1,596,024				-				1,596,024				-				1,596,024				1,596,024				-				1,596,024
LZREMS		3,285				72,153				98,169				-				98,169				-				98,169				98,169				-				98,169
LZRUSM		6,187				87,023				80,120				-				80,120				-				80,120				80,120				-				80,120
LPVCAI		2,133				37,445				29,971				-				29,971				2				29,969				29,969				-				29,969
LPVCII		13,477				282,506				272,906				1				272,907				-				272,907				272,907				-				272,907
LVCLGI		15,660				695,477				753,264				-				753,264				-				753,264				753,264				-				753,264
SBVHY		14,828				91,085				91,935				1				91,936				-				91,936				91,936				-				91,936
SBVSG2		42,084				1,034,056				1,081,969				-				1,081,969				1				1,081,968				1,081,968				-				1,081,968
LACB2		128,148				1,022,607				1,159,102				-				1,159,102				-				1,159,102				1,159,102				-				1,159,102
LACI2		50,198				539,565				614,669				-				614,669				-				614,669				614,669				-				614,669
LACIPS		17,149				157,466				154,961				-				154,961				1				154,960				154,960				-				154,960
LACLV2		274				5,045				5,486				-				5,486				-				5,486				5,486				-				5,486
LACU2		3,005				86,179				94,658				1				94,659				-				94,659				94,659				-				94,659
LACV2		3				38				39				-				39				-				39				39				-				39
LOVBD		31,582				351,405				335,083				-				335,083				-				335,083				335,083				-				335,083
LOVCDG		35,043				588,819				695,248				1				695,249				-				695,249				695,249				-				695,249
LOVGI		657				26,110				27,555				-				27,555				-				27,555				27,555				-				27,555
MEGSS		15,433				934,989				936,498				-				936,498				-				936,498				936,498				-				936,498
MNDSC		26,481				270,181				320,418				-				320,418				-				320,418				320,418				-				320,418
MVFSC		22,392				481,938				482,985				-				482,985				-				482,985				482,985				-				482,985
MVIGSC		96,435				1,637,194				1,697,252				-				1,697,252				-				1,697,252				1,697,252				-				1,697,252
MGRFV		52,776				627,278				596,894				-				596,894				-				596,894				596,894				-				596,894
DTRTFY		201,547				1,847,830				1,670,822				-				1,670,822				-				1,670,822				1,670,822				-				1,670,822
GEM		3,507				49,522				52,153				-				52,153				-				52,153				52,153				-				52,153
GEM2		2,889				31,521				42,203				-				42,203				-				42,203				42,203				-				42,203
GIG		43,783				575,920				676,888				-				676,888				-				676,888				676,888				-				676,888

 

See accompanying notes to financial statements.